Mark W. Westlake

Congratulations to Abnormal Security on raising a $250M Series D financing at a $5.1B valuation, led by Wellington Management. We at Greylock are proud to be investing in Abnormal for the fifth time since Evan Reiser, Sanjay Jeyakumar and team started Abnormal in Greylock's offices. Abnormal's built the world's first AI-native cybersecurity platform that leverages AI to protect organizations most important vulnerability: humans and human behavior. Abnormal is also announcing today that they have crossed $200M ARR with 100% YoY revenue growth and is now used to secure nearly 20% of the Fortune 500. An important milestone as Abnormal advances its mission to protect humans using AI. CC: Asheem Chandna, Venky Ganesan, Stephen Ward, Rob Mazzoni https://lnkd.in/g4G4PRf9

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Your last weekly space news round-up of 2024 🚀 Featuring stories: 💰 ICEYE closed a $65M extension to the existing growth funding round for a total of $158M raised in 2024 - the funding round extension included participation from funds managed by Solidium Oy, BlackRock, Seraphim, Plio Limited, and Christo Georgiev. 🌡️ SatVu, a global leader in climate technology, has secured £20 million in strategic funding, to expand high-resolution thermal imaging. 🛰️ SpaceX’s satellite internet service Starlink is projected to reach $11.8 billion in revenue next year, driven by strong consumer demand and growing U.S. military contracts. 📈 Space Markets: The Year in Review from Payload 👉 Of the 15 largest space startup funding deals this year, five came from US startups, five were Chinese companies, four were European firms, and one was from an Australian business. 🌌 Commercial space station developer Vast has signed a deal with SpaceX for two private astronaut missions to the International Space Station, pending NASA approval. https://lnkd.in/evUcpr92

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3 key M&A insights on $83M Hot Ones sale to Soros. These are must-know if you seek an exit in 2025. 𝟭/ 𝗠𝗼𝗿𝗲 𝗽𝗼𝗹𝗶𝘁𝗶𝗰𝗮𝗹 𝗠&𝗔 𝗶𝗻 𝗰𝗿𝗲𝗮𝘁𝗼𝗿 𝗲𝗰𝗼𝗻𝗼𝗺𝘆 Builds upon signals we saw in the $100M Highmount / Dude Perfect deal. Read more about that deal on our RockWater blog. 𝟮/ 𝗥𝗶𝘀𝗶𝗻𝗴 𝗱𝗲𝗺𝗮𝗻𝗱 𝗳𝗼𝗿 𝗬𝗼𝘂𝗧𝘂𝗯𝗲 𝗰𝗵𝗮𝗻𝗻𝗲𝗹𝘀 Our team's nalysis of O&O media M&A since 2021 show the most deals were for digital publishers. Buyers ranged from financial sponsors, to digital and traditional media strategics. 𝟯/ 𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗲𝗱 𝘃𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻 𝗺𝘂𝗹𝘁𝗶𝗽𝗹𝗲𝘀 We estimate 10-15x EBITDA, and 2.8x revenue for the Hot Ones sale. This valuation range is at the high end vs deals in 2022 to 2024. Rising demand = rising valuations. I break down these insights in the video below 👇 -- I'm the founder of RockWater Industries. We do M&A and strategy advisory for creaotr economy and digital agencies. My DMs are open.

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I spoke with Inc. Magazine about how VSS Capital Partners helped GreenSlate become the go-to payroll software provider for film and TV productions. When building a company as a founder, securing private equity is an important part of the growth journey. But so is having somebody who believes in you and has invested in your business. Finding the right PE Firm and partner who understands the mission and is supportive of it is hugely important to achieving success. Read more about how and why it all came together:

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Younger investors are risk on when it comes to investing in alternatives (private markets, crypto, collectibles). With an $84T wealth transfer to younger generations at stake, how should alternative asset managers build their brand to resonate with the next generation investor? Read the Alt Goes Mainstream AGM Weekly (brought to you by Intapp, Intapp DealCloud ) to learn more about how alternative asset managers can be effective in reaching the individual investor 👇 Alt Goes Mainstream AGM Alts Weekly 9.1.24: https://lnkd.in/etXq2di9 Alt Goes Mainstream AGM Alts Weekly 8.25.24: https://lnkd.in/en52r4bp

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The Magnificent 7 "invest nearly $400 billion annually into frontier tech (comparable to the GDP of Norway), of which $20–30 billion is in VC rounds (comparable to UK’s total VC investment)." 🤠💰 Good stuff here from Dealroom.co on the tech giants. Their market caps are big, and there's a good chance they'll all just keep getting bigger. That greatly impacts R&D, CVC, M&A, HR, etc. in deeptech globally. https://lnkd.in/ehExX8sa #vc #venturecapital #tech #technology #innovation #deeptech #ai #artificialintelligence #nvidia #facebook #apple #microsoft #tesla #amazon #google #startups #entrepreneurs #entrepreneurship #money #business

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Evinced, which helps companies build accessible websites and apps, raised a $55M Series C led by Insight Partners, bringing its total funding to $112M (Devin Coldewey/TechCrunch)​ 

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