Table Space eyes $2.5B valuation in India IPO
Table Space, an Indian managed workspace provider founded in 2017, is planning an IPO targeting a $2.5 billion valuation. The company leases large office spaces, converts them into tech-enabled campuses, and offers them to corporate clients as flexible offices and co-working spaces. With over 60 centers serving major clients like Apple and Google, Table Space plans to double its 9.5 million square feet portfolio. Despite global co-working challenges, India’s flexible workspace demand remains strong, driven by tech sector growth and companies reducing long-term lease commitments.
Aktiia trained AI on 11 billion data points of blood pressure, and now a clinically certified app is coming
Hypertension, a major risk factor for conditions like stroke and heart disease, affects 1.3 billion people globally, yet only 20% have it under control due to the limitations of current monitoring devices. Swiss startup Aktiia has developed a groundbreaking solution, eliminating the need for bulky hardware like blood pressure cuffs. The company’s new app, which uses a smartphone camera to measure blood pressure from a fingertip in just 90 seconds, recently received the CE mark for meeting EU safety and health standards. Powered by generative AI trained on 11 billion data points, the technology could revolutionize hypertension management by making monitoring more accessible and affordable, with an expected market launch in 2025.
HubSpot acquires Cacheflow, a platform that helps close software sales
HubSpot has acquired Cacheflow, a startup specializing in tools for automating the software sales closing process, to enhance its Commerce Hub suite for subscription billing and configure, price, and quote (CPQ) tools. Founded in 2021, Cacheflow provides no-code solutions for B2B billing and subscription management, aimed at simplifying and speeding up sales cycles. The acquisition aligns with HubSpot’s broader strategy to grow its Commerce Hub, which has processed over $1 billion in gross merchandise value since its 2023 launch. Cacheflow’s team will join HubSpot to further develop its buying process tools. This marks HubSpot's first acquisition since its $150 million purchase of Clearbit in 2023.
Bangladeshi startup Jatri enters Saudi and UAE markets
Jatri, a Bangladeshi multi-modal travel platform, is expanding into the Gulf Cooperation Council (GCC) market, starting with Saudi Arabia and the UAE, through its new platform 'Saafir.' Initially focused on digitizing transportation in Bangladesh, Jatri has built a network of over 6,000 buses, 60,000 drivers, and 1.9 million users. Now, with GCC's initiative for a unified visa system and booming tourism market, Jatri aims to offer integrated travel solutions, including Umrah travel packages and chauffeur services. The company has partnered with Eilago to support its regional expansion, providing personalized travel experiences in line with the Middle East's growing tourism sector.
How do you solve a problem like MariaDB? Cozy up to the community, says new CEO
MariaDB, an open-source database company, is looking to strengthen collaboration with the MariaDB Foundation after a turbulent few years. The company, which was created in 2009 as a community-driven fork of MySQL, struggled following its public listing via a SPAC in 2022, leading to a dramatic decline and eventual acquisition by K1 Investment Management. With the backing of private equity and new CEO Rohit De Souza, MariaDB aims to rebuild and align with the Foundation, focusing on community growth and open-source development. De Souza believes the company is now on a stable path and sees renewed cooperation with the Foundation as key to future success. Historically, MariaDB Foundation has worked independently to protect the project’s open-source mission, while the company has pursued commercial goals.
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