SailPoint ARR rises 25% to $1.231B as net loss widens
Identity security vendor SailPoint reported fiscal Q2 2027 revenue of $308.8M and raised its full-year ARR outlook, while its net loss widened to $50.4M on higher operating expenses.
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Navan grows quarterly revenue 35% to $233M and acquires BoomPop
Navan's fiscal Q2 2027 revenue rose 35% to $233M and it raised its full-year revenue outlook to $927M to $933M, but its shares fell sharply the next day.
Navan buys events platform BoomPop, terms undisclosed
Navan acquired BoomPop, an AI platform for planning corporate meetings and events, and will rebrand it as Navan Events, extending Navan beyond travel and expense into a market led by vendors such as Cvent.
Clay raises $115M Series D at $7.1B valuation
AI sales and marketing data platform Clay raised a $115M Series D led by Wellington Management, more than doubling the $3.1B valuation from its August 2025 round.
Veradigm says attacker used vendor credentials to copy patient data
Healthcare software maker Veradigm told the SEC that an attacker used credentials stolen from a third-party vendor to reach a customer-services API and copy patient data, including some Social Security numbers.
Forus raises $150M Series C at $3B valuation for prescription AI
Forus, which runs AI agents that handle prior authorization and pharmacy routing for prescriptions, raised a $150M Series C led by Bain Capital Ventures at a $3B valuation, about triple its May valuation.
Braze lifts quarterly revenue 26.2% to $227.2M
Customer engagement platform Braze reported fiscal Q2 2027 revenue of $227.2M, up 26.2%, and guided full-year revenue to $910M to $913M.
ServiceTitan grows quarterly revenue 21% to $292.8M
ServiceTitan's fiscal Q2 2027 revenue rose 21% to $292.8M, with platform revenue up 22%, and the trades software vendor set full-year revenue guidance of $1,139M to $1,144M.
Cognition raises $2B Series E at $48B valuation
Cognition, maker of the Devin AI coding agent, raised more than $2B in a Series E at a $48B valuation, nearly double the $26B it was valued at in May.
Mistral AI raises €3B Series D led by Samsung
Paris-based Mistral AI closed a €3B Series D at a post-money valuation above €21B, which its counsel Orrick called the largest equity round ever raised by a European tech company.
Warburg Pincus moves to delist PSI Software with cash offer
PSI Software agreed to a delisting with Zest Bidco, its Warburg Pincus-controlled majority shareholder, which will offer cash for all remaining shares at the German statutory minimum price.
Gimlet Labs raises $300M Series B at $3B valuation led by Andreessen Horowitz
Gimlet Labs, which builds software that splits AI inference across GPUs, CPUs and other accelerators, raised a $300M Series B led by Andreessen Horowitz at a $3B valuation, six months after an $80M round.