It looks like Bluesky is about to close its funding, which is great news!

 It looks like Bluesky is about to close its funding, which is great news! 

Their valuation has soared to $700 million, and they've managed to attract the attention of Bain Capital Ventures.The social media platform is in the final stages of funding discussions with Bain Capital Ventures. If everything goes as planned, they'll be raising money to bring their valuation to around $700 million. If everything goes as planned, this new round of funding will follow the $15 million Series A round that closed in October 2024 and the $8 million seed round that closed in 2023. Since Donald Trump was elected, the number of people using Bluesky has increased a lot, from a few million in 2023 to 25.9 million in 2024. This shows that it's becoming a strong competitor to X (formerly Twitter).Bluesky is dedicated to providing a decentralized social networking experience and plans to make it even more appealing in the future by adding new features and services.


Trump announced that the UAE's very own billionaire, Hussein Sajwani, who is the Chairman of DAMAC Properties, is going to be investing $20 billion in the U.S. to build new data centers. Trump said the investment will focus on Midwestern and Sunbelt states such as Texas, Arizona, and Oklahoma, and is aimed at boosting artificial intelligence and cloud computing technology. Sajwani said in the release that he's thrilled about Trump's election and is excited to continue working with other businesses under Trump's leadership.

Addepar is looking forward to raising $250 million at a record valuation of $3.25 billion!

Addepar, a financial technology company, recently shared the exciting news that it's in talks with investors to raise $250 million in funding, which would value the company at an incredible $3.25 billion. This is a big jump from the 2021 level of over $2 billion, showing its amazing growth in the wealth management and investment software space.Addepar currently works with more than 1,200 institutions, including well-known banks like Morgan Stanley, Jefferies, and HSBC. Even better, Joe Lonsdale, the co-founder of Addepar, pitched in with his venture capital firm, 8VC, and existing investors like Valor Equity Partners and WestCap are still on board.

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