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Oura suspended its initial public offering, which could have raised up to $2.2 billion, despite growth in its paid membership and projected revenue. The decision delays plans by the company and certain shareholders to benefit from the offering’s proceeds or sell their stakes.
Modal Labs, which specializes in infrastructure for AI inference, is nearing a $750 million funding round led by Accel at a valuation of $15.75 billion. This valuation would be more than three times its value four months ago, despite continued pressure from computing costs and limited profit margins in the sector.