October 23, 2024

Boosted

Hi there, 

The AI boom is giving recent tech IPOs a boost.

We analyzed 15 of the companies with the largest tech IPOs since 2022 to see whether they’ve gained or lost value since they filed to go public. 

The majority (10 out of 15) have either held steady or gained value as public players — a positive indicator for tech IPOs more broadly, which until recently were getting beaten down badly in the public markets. 

And AI is an important factor driving gains for several of these companies — like chip designer Arm and precision medicine co Tempus. 

It’s also drawing out other IPO-ready companies. 

For example: 

• AI chipmaker Cerebras Systems filed for an IPO in late September 
• On Monday, AI-powered contact center software company Genesys (last valued at $21B) filed to go public

Track more data on the tech market in our latest State of Venture here and tech IPO candidates here.

Exit plan

Digital health funding has fallen every quarter since Q1’24.

Meanwhile, M&A exits have steadily climbed over the same period.

This rising M&A appetite is partly fueled by established companies scooping up technologies at good prices amid a challenging funding environment for startups.

For instance, last quarter, LetsGetChecked bought Truepill for just a third of its 2021 valuation.

Dive deeper into the latest trends in digital health in our State of Digital Health Q3’24 Report.

Hi, how can AI help you today?

Generative AI is becoming an essential part of the e-commerce toolkit.

And it is having a major impact on customer service.

On our genAI in e-commerce market map, customer service solutions have drawn more funding than any other category ($3B+).

Solutions for customer support operations in particular are gaining momentum — funding and deals to the space are up this year, contrasting broader venture trends.

From customer service to digital content, find out where else genAI is taking root in e-commerce in this market map.

Glowing

Skin health is capturing the public imagination.

But many consumers face difficulties accessing dermatological care, such as wait times and visit fees.

Companies that provide access to expert virtual care and precision self-monitoring are gaining traction. Take dermatology-focused telehealth platform GetHarley as an example:

Beyond telehealth, we explore the other trends reshaping the dermatological care landscape in this brief.

I love you.

Anand

@asanwal 

Co-Founder & Exec Chair

P.S. There is still time to apply for this year’s Digital Health 50 — our list of the most promising digital health startups in the world. Be sure to submit yours before the deadline.

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