Shifts in interest rates led markets towards a slightly upward trend last week. However, everyone, including the US, is practicing cautious optimism. The earlier Investment lull will likely be over by the end of 2023. Investors are tiding past their fear of market uncertainties.
Smart people are acting fast and putting money in public stocks. Twillio is trading at 1.6X ARR, Hashicorp is at 6X, while WB invested about $100 mn in Freshdesk.
The effects of the shifting winds are visible in the US, where there is cautious optimism. Jasper, Austin, TX-based AI-powered content platform, raised a $125 million Series A at a $1.5 billion valuation. "From launch to a unicorn in 18 months" (a competitor to Longshot AI)