Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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Wise Makes Direct Listing Debut In London At $11B valuation
British fintech unicorn Wise made its debut on the London Stock Exchange via direct listing, establishing an initial valuation of around $11 billion.
The company priced shares at $8 each, with shares relatively flat in aftermarket trading. Founded in 2010, the London-based company’s app is popular for cross-border transactions. Wise makes money through fees on transactions and has been profitable for several years.
AnyVision raises $235M for facial recognition tech
Tel Aviv-based AnyVision, a visual AI platform developer known for its facial recognition technology, raised $235 million in a Series C round led by SoftBank Vision Fund 2 and Eldridge Industries. The six-year-old company had previously raised around $117 million in known funding, per Crunchbase data.
Planet going public via SPAC: Satellite imagery provider Planet announced that it plans to go public on the New York Stock Exchange through a merger with a special purpose acquisition company, dMY Technology Group IV, at an equity valuation of around $2.8 billion. The company says it now has over 150 satellites in orbit collecting over 350 million square kilometers of imagery daily.
— Joanna Glasner
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