Chip startup SambaNova raises $1 billion, valuing the company at $11 billion.
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Shenzhen-based smart glasses company Ewen Technology has completed a $150 million funding round, valuing the company at over $1 billion post-investment.
Mars Finance reported on July 7th that Shenzhen-based smart glasses company Even Realities announced the completion of a $150 million Pre-B round of financing, valuing the company at over $1 billion post-money and officially joining the ranks of unicorns. This round was led by Meituan Dragon Ball and Meituan Strategic Investment, with existing shareholders Yuan Yi Capital and Tencent oversubscribing. Earlier this year, Even Realities also completed an A++ round of financing, co-led by Guanghe Venture Capital and Yuan Yi Capital, with existing shareholders including Dachen Capital oversubscribing. (Venture Capitalist CLUB)
UBS raises Marvell Technology's target price to $340: AI network chips are a key catalyst; CXL high-speed interconnect opens up a multi-billion dollar market.
According to Mars Finance, UBS analysts have significantly raised their target price for Marvell Technology from $230 to $340, while maintaining a "buy" rating. The new target price implies an upside of nearly 39% from the recent closing price of approximately $276.70. The company launched the Teralynx T100, the industry's first 102.4 Tbps switching chip specifically designed for the AI era. UBS considers this product one of the core drivers of the company's future growth. UBS expects the global CXL market to reach a total potential size of approximately $4.5 billion by 2027, and is expected to further expand to $7 billion to $10 billion by 2030; Marvell's revenue from CXL-related businesses is expected to reach approximately $1 billion by 2027. (Cailian Press)
KOR Protocol raises $7.5 million in Series A funding, valuing the company at $100 million.
According to ChainCatcher, KOR Protocol, an on-chain clearinghouse in the entertainment sector, has announced the completion of a $7.5 million Series A funding round, valuing the company at $100 million. Investors include 1kx, Blockchain Capital, and previous investors such as Republic Crypto, Sfermion, Alumni Ventures, and SevenX.
Rebellions, a South Korean AI chip startup backed by Samsung Electronics, plans to IPO in South Korea next year.
According to reports, Sunghyun Park, CEO of Rebellions, a South Korean AI chip startup backed by Samsung Electronics, stated that the company plans to IPO in South Korea in the first or second quarter of next year. Park said that Rebellions has already begun generating actual revenue, "and for this reason, we are working with the underwriting teams at JPMorgan Chase and Samsung Securities to prepare for the IPO." (Jiemian)
US infrastructure company MasTec invests another $1.65 billion to strengthen its data center electrical footprint.
Mars Finance reports that US infrastructure engineering and construction company MasTec announced on Tuesday that it will acquire electrical contractor The Superior Group for approximately $1.65 billion to enhance its electrical service capabilities in the rapidly expanding data center infrastructure market. The transaction, conducted in cash and stock, is expected to close in mid-to-late July. (Cailian Press)
Billionaire Grantham is bearish on SpaceX: 90% chance of eventual collapse, questions AI and the Mars narrative.
According to Mars Finance, on July 8th, billionaire investor Jeremy Grantham, known for his warnings about asset bubbles, publicly questioned SpaceX's current valuation of approximately $2 trillion. He argued that there are significant doubts about the company's AI business, Mars program, and long-term growth logic, and stated that he is "90% betting" on SpaceX's eventual historic collapse. He believes that attributing approximately 90% of the serviceable market to AI in SpaceX's prospectus is "unbelievable," and that its AI products are not competitive enough to compare with OpenAI and Anthropic. However, mainstream Wall Street institutions generally remain optimistic about SpaceX. With the company's formal inclusion in the NASDAQ-100 Index, it is expected to attract more passive investment. Several investment banks, including Goldman Sachs, JPMorgan Chase, and Morgan Stanley, have given positive ratings, believing that Starship, Starlink, and AI businesses will be the core drivers of future growth.