Keep pulling the thread on Art Levy.
Brex has raised approximately $1.5 billion in total primary funding.
Google is in the process of acquiring the cybersecurity company Wiz for $32 billion.
OpenAI has allegedly acquired the developer productivity startup Windsurf for $3 billion.
OpenAI acquired Jony Ive's unnamed startup for $6.5 billion.
Brex has surpassed $100 billion in total payment volume.
For mature customer cohorts, spending on Brex cards is 60% higher than it was on American Express during the customers' final month with Amex.
Tech M&A deals valued at over $1 billion are up 68% year-to-date.
Salesforce acquired Informatica for $8 billion, representing about 3% of Salesforce's market cap.
In the proposed deal with Scale AI, Meta structured a buyout that values the company at $28 billion but cashes out existing investors at the previous $14 billion valuation.
As part of its proposed deal, Meta will acquire a 49% stake in Scale AI, with CEO Alex Wang moving to Meta while the company continues to operate.
The acquisition of Discover by Capital One will create the largest credit card issuer by loan volume and allow Capital One to operate a closed-loop system.
Stripe's acquisition of Bridge signals a significant bet on stablecoins as a payment method.