Equity Monday: C3.AI files to go public and Vision Fund 2 leads $100M round

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 16 November 2020

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

More good vaccine news is scrambling the stock market yet again, dinging tech stocks and bolstering non-tech shares. This also happened last Monday, but was swallowed up by terrible COVID-19 numbers by Friday. ProfitWell data on SaaS and the pandemic proves to be largely good news. C3.AI filed to go public, more on that shortly on the main site. UIPath could go public early next year at a $20 billion valuation. SpaceX pulled off its latest rocket launch, sending four humans into space. Parler is partially living off ultraconservative cash. MindTickle raised $100 million from the second Vision Fund. Its revenue growth is impressive, at 170%. Thoughtexchange wrapped its Series B at a total size of $34 million. Pharmapacks raised $250 million from Carlyle. That's a big check. Catch up on our DoorDash IPO coverage, if you need to. Here's our overview, here's the VC winners' list, and here's what COVID-19 did for the delivery company.

Transcript

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0:00.0	Hello, this is Alex, and you are listening to Equity Monday for November 16th, 2020.
0:15.0	Welcome to your tech and startups and venture capital primer for the week.
0:19.0	News of a second highly effective COVID-19 vaccine, this time from Moderna, gave stocks a boost this morning.
0:26.5	Here in America the Dow Jones industrial average is looking at a 500 point gain or around 1.7% according to pre-market trading.
0:34.0	Now in contrast the tech heavy NASDAQ composite is currently flashing a loss of 0.24%
0:40.0	more on why the indices are diverging in just a second.
0:43.0	European shares also rose sharply on the vaccine results.
0:46.0	Moving to tech news, data shows that COVID-19's impact on SAS startups was probably smaller than many feared and that the pandemics
0:53.7	acceleration on software growth was sharper than many thought. We'll get into that
0:57.4	at the end of the show. But before we dive in further to what happened over the
1:00.9	weekend and what matters this morning make sure that you are following the show at
1:04.2	Equity Pod on Twitter and with that let's begin.
1:08.6	All right let's talk about the weekend C3 AI, an enterprise AI startup filed to go public late Friday.
1:15.8	I had just logged off for the week, so expect notes on the company's financials this morning
1:20.2	over on Tech Ranch, sorry about that. For reference, C3Gritz revenue from about 92 million
1:25.0	to about 157 million in its fiscal years ending
1:28.0	on April 30th, 2019, and 2020.
1:32.0	Isn't that losses grew over the same period from around 30,000. 19 and 2020.
1:32.6	Its net losses grew over the same period from around 33 million to around 69 million.
1:37.8	But an improving profitability profile in the last couple of months could make the enterprise
1:41.8	AI company rather valuable when it hits the public
1:43.8	markets. We'll see notes to come. Also don't forget that we're expecting to see an Air B&B filing any
	...

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