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Fintech M&A. 

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July 24, 2025

Agents of change

Hi there,

 

CB Insights just launched our Team of Agents — an AI workforce that saves months of work by instantly tackling research, due diligence, briefings, and more, so you can focus on high-impact decisions.

 

Their edge? Our agents are powered by CB Insights' proprietary Business Graph and double-verified intelligence — the same data that helps our customers grow revenue 48% faster.

 

Here's a snapshot of what our agents deliver:

  • ChatCBI — A general-purpose CB Insights agent, trained to surface and analyze the most relevant data and insight from CB Insights
  • Personal Briefing — Scours the news for your next big idea. It’s like a team of researchers working 24/7 just for you
  • Earnings Analyst — Delivers rapid-fire, CEO-ready competitive intel right after earnings calls
  • Business Relationship Analyst — Instant X-ray of customer, vendor, and partner relationships to reveal company strategy
  • Scouting Report Agent — Instant analyst-grade SWOT analyses on any private company
01-ChatCBI-1

Get reliable answers with real impact. Request a demo here.

 

And now, here is this week's Hot or Not.

 

Hot: Agent revenue

 

AI agent startups are becoming revenue machines at record speed. 

 

Cursor (by Anysphere) reached $500M ARR just 2 years after founding, while Windsurf and Moveworks both crossed $100M before getting acquired.

 

And the capital efficiency is staggering — Mercor ($4.5M per employee) and Cursor ($3.2M per employee) exceeds Microsoft and Meta's revenue-per-employee metrics.

 

CB Insights data shows 42% of AI agent companies are already commercially deployed, with the enterprise market set to grow to $13B by year-end.

AIAgentRevenueSignals-072025-v5

See CB Insights' full ranking of the top 20 AI agent startups by revenue here.

 

Not: Stargate’s launch

 

OpenAI and SoftBank's $500B Stargate project announced at the White House has struggled to launch, with not a single data center deal six months after promises of “immediate” AI infrastructure investment.  

 

Meanwhile, Sam Altman has moved on without SoftBank, cutting his own deals:

  • $30B+ annual Oracle agreement starting within three years — consuming power equivalent to two Hoover Dams
  • A smaller CoreWeave investment — together nearly matching Stargate's promised capacity for this year

The setback highlights how complex data center buildouts have become — from securing sites to sourcing massive power loads. 

 

Companies need specialized infrastructure, energy partnerships, and billions in upfront capital that even tech giants struggle to coordinate.

 

See CB Insights' analysis of how data center infrastructure challenges are reshaping the AI buildout.

image2-Jul-24-2025-06-29-05-3425-PM

Hot: Fintech M&A

Fintech M&A activity jumped to 205 deals in Q2'25, sustaining the momentum from Q4'24's breakout quarter. 

 

The biggest story?  Crypto companies are driving the mega-deals.

image1-Jul-24-2025-06-29-29-4274-PM

Key acquisitions this past quarter:

  • Xero acquired Melio for $3B — the quarter's largest deal, targeting B2B payments automation
  • Coinbase bought Deribit for $2.9B — expanding into crypto derivatives trading
  • Stripe acquired Privy — continuing its crypto infrastructure buildout after the $1.1B Bridge purchase

See CB Insights' full breakdown of Q2'25 fintech trends in the State of Fintech. 

 

Not: Pharma offshoring

 

Big Pharma is spending $200B+ on US manufacturing, but it's not just about tariffs — it's about building AI-powered smart factories from scratch.

Major investments driving the buildout:

  • Johnson & Johnson: $55B — leading the pack in total commitments
  • AstraZeneca: $53.5B — including a $4B Virginia flagship facility
  • Roche: $50B — five-year manufacturing commitment
  • Eli Lilly: $50B — expansion plan since 2020
  • Novartis: $23B — over five years
  • AbbVie: $10B+ — multi-year U.S. investment

These investments will serve as testing grounds for large-scale AI deployment over the next several years, with companies that execute integrations most effectively gaining competitive advantages in efficiency and innovation.

 

See how pharma giants are building tomorrow's intelligent manufacturing in CB Insights' Pharma AI readiness report.

image3-Jul-24-2025-06-29-05-5459-PM

The +1

image5-Jul-24-2025-06-29-05-7429-PM

Source: u/Tsunamislam1 via Reddit

 

UK Pub Density Goes Full Blob. Someone actually thought this was acceptable work?

 

 

I love you.

 

Anand

@asanwal 

Co-Founder & Exec Chair

 

P.S. Want to see how traditional banks are betting on blockchain? Check out our collaboration with Ripple and the UK Center for Blockchain Technologies.

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