March 20, 2024

Astera Labs going public and the Inflection-Microsoft AI saga

13 minutes

Today we have a grip of startup stories, and a venture capital item that isn’t as bad of news as it seems at first blush. Here’s the rundown:

Astera Labs is going public after pricing above-range. We’ll see how it trades today, but it’s good news that the first real tech IPO of the year set its share price at $36, higher than even its raised price interval.

TigerEye’s $35 million round for business intelligence gives us a peek at how tech could help businesses navigate the future. There’s a YC connection as well, which is worth keeping in mind.

Pocket FM’s mega round shows that consumer-focused technology plays can still pay handsomely. Even more notably, Pocket FM’s business model is contra-subscription, which is delightfully different.

And then there’s the Inflection AI-Microsoft-saga, which is part startup story, part corporate venture capital story, and part antitrust story.

We also touched on the boom in two-wheel electric vehicle companies in India, and why one pension fund’s move to lower its venture allocation isn’t as worrying as it might sound.

For episode transcripts and more, head to Equity’s Simplecast website.

Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more!

Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.

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By TechCrunch, Rebecca Bellan, Kirsten Korosec, Anthony Ha, Max Zeff, Theresa Loconsolo

4.2

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