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Ex-Splunk execs' startup Resolve AI hits $1 billion valuation with Series A [TechCrunch]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: TechCrunch
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Series A led by Lightspeed Venture Partners, according to three people familiar with the deal. The headline valuation for the fresh round is $1 billion, sources said. However, the company's actual blended valuation was lower because of a multi-tranched structure. In this setup, investors purchased some equity at a $1 billion valuation but acquired the remainder — likely a larger percentage of the round — at a lower price. This novel investment approach has recently become popular for the most sought-after AI startups, investors say. The startup's annual recurring revenue (ARR) is approximately $4 million, two of the people said. The size of the funding round couldn't be learned. Resolve AI and Lightspeed didn't respond to our request for comment. Founded less than two years ago, the startup is led by former Splunk executive Spiros Xanthos and Mayank Agarwal, Splunk's former chief architect for observability. The duo's partnership dates back 20 years to their graduate studies a [Read more]

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Stockreport

Ex-Splunk execs' startup Resolve AI hits $1 billion valuation with Series A [TechCrunch]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Series A led by Lightspeed Venture Partners, according to three people familiar with the deal. The headline valuation for the fresh round is $1 billion, sources said. However, the company's actual blended valuation was lower because of a multi-tranched structure. In this setup, investors purchased some equity at a $1 billion valuation but acquired the remainder — likely a larger percentage of the round — at a lower price. This novel investment approach has recently become popular for the most sought-after AI startups, investors say. The startup's annual recurring revenue (ARR) is approximately $4 million, two of the people said. The size of the funding round couldn't be learned. Resolve AI and Lightspeed didn't respond to our request for comment. Founded less than two years ago, the startup is led by former Splunk executive Spiros Xanthos and Mayank Agarwal, Splunk's former chief architect for observability. The duo's partnership dates back 20 years to their graduate studies a [Read more]

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EVENT TIME:
GOOG
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Price Change
Price Change %
Volume Shares
Max Up
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Volume Ratio
%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


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%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
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