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Time of India
4 days ago
- Business
- Time of India
Transit-tech firm Via reveals revenue gains in US IPO filing
Via Transportation's revenue rose 27% in the first half of 2025, the transit-tech firm disclosed on Friday in its U.S. initial public offering paperwork, as it advances plans for a long-sought New York company posted a net loss of $37.5 million on revenue of $205.8 million for the six months ended June 30, narrowing from a net loss of $50.4 million on $162.6 million in revenue a year in 2012, New York-based Via develops technology that powers public transit systems in hundreds of cities across more than 30 first confidentially filed for an IPO in late 2021. The company was valued at $3.5 billion in a 2023 funding round led by venture firm 83North. Other major shareholders include Exor, the investment firm of Italy's Agnelli family.U.S. initial public offerings have rebounded strongly following a slowdown in April caused by tariff-driven volatility."During the next few weeks, IPO activity is expected to be seasonally subdued. Afterwards, we expect U.S. IPO activity to continue to come in at a brisk pace, driven by strong sentiment for stocks as a whole," IPOX CEO Josef Schuster derives more than 90% of its revenue from government contracts, with the rest coming from corporations and universities - a potential over-reliance Schuster said is a "clear risk factor."The bulk of its revenue comes from North America, with the remainder from Europe. Its clients include municipalities, transit agencies, transport operators, school districts, universities, and Sachs, Morgan Stanley, Allen & Company, and Wells Fargo are acting as lead underwriters. The company plans to list its shares on the New York Stock Exchange under the ticker symbol "VIA."Proceeds from the offering will be used for general purposes, including expansion into new markets
Economic Times
4 days ago
- Business
- Economic Times
Transit-tech firm Via reveals revenue gains in US IPO filing
ETtech Via Transportation's revenue rose 27% in the first half of 2025, the transit-tech firm disclosed on Friday in its U.S. initial public offering paperwork, as it advances plans for a long-sought New York listing. The company posted a net loss of $37.5 million on revenue of $205.8 million for the six months ended June 30, narrowing from a net loss of $50.4 million on $162.6 million in revenue a year earlier. Founded in 2012, New York-based Via develops technology that powers public transit systems in hundreds of cities across more than 30 countries. Via first confidentially filed for an IPO in late 2021. The company was valued at $3.5 billion in a 2023 funding round led by venture firm 83North. Other major shareholders include Exor, the investment firm of Italy's Agnelli family. U.S. initial public offerings have rebounded strongly following a slowdown in April caused by tariff-driven volatility. "During the next few weeks, IPO activity is expected to be seasonally subdued. Afterwards, we expect U.S. IPO activity to continue to come in at a brisk pace, driven by strong sentiment for stocks as a whole," IPOX CEO Josef Schuster said. Via derives more than 90% of its revenue from government contracts, with the rest coming from corporations and universities - a potential over-reliance Schuster said is a "clear risk factor." The bulk of its revenue comes from North America, with the remainder from Europe. Its clients include municipalities, transit agencies, transport operators, school districts, universities, and corporations. Goldman Sachs, Morgan Stanley, Allen & Company, and Wells Fargo are acting as lead underwriters. The company plans to list its shares on the New York Stock Exchange under the ticker symbol "VIA." Proceeds from the offering will be used for general purposes, including expansion into new markets. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. 3 years on, Akasa's next challenge: Staying in the air against IndiGo's dominance Jane Street blow pushes Indian quants to ancient Greek idea to thrive Why are mid-cap stocks fizzling out? It's not just about Trump tariffs. As 50% US tariff looms, 6 key steps that can safeguard Indian economy End of an era: The Maggi Man who rebuilt Nestlé India bows out Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 25% in 1 year Logistics sector: Be tactical in the face of head & tailwinds; 6 logistics stocks with an upside potential of over 30% These large- and mid-cap stocks can give more than 20% return in 1 year, according to analysts
Yahoo
04-06-2025
- Business
- Yahoo
Speedata raises $44m in Series B funding round
Israel-based startup Speedata has secured $44m (NIS154m) in a Series B funding round to advance its chip technology tailored for data analytics workloads. The latest investment brings the company's total capital raised to $114m. The round saw participation from investors including Walden Catalyst Ventures, 83North, Koch Disruptive Technologies, Pitango First, and Viola Ventures. Strategic investors also joined the round, among them Lip-Bu Tan, CEO of Intel and managing partner at Walden Catalyst Ventures, and Eyal Waldman, co-founder and former CEO of Mellanox Technologies. Speedata is known for its Analytics Processing Unit (APU), which is designed to significantly accelerate big data analytic workloads across various industries. Concurrently, the company also announced the launch of a new chip aimed at enhancing big data analytics. The APU, powered by Speedata's custom-designed Callisto chip, addresses longstanding bottlenecks in data pipelines, offering substantial acceleration for complex analytics tasks. The chip has been tested by companies in sectors such as finance, healthcare, insurance, and AdTech, the company said. The newly introduced C200 PCIe card features a PCIe Gen5 x16 interface and is designed to be compatible with a range of server environments. It is integrated with Speedata's Dash software stack for Apache Spark, allowing job redirection to the APU without requiring modifications to existing applications or infrastructure. Adi Gelvan, Speedata's incoming CEO, said: 'Everyone knows that AI inference will transform our lives, but none of that happens without data analytics first. 'To paraphrase the well-known saying: 'Diamonds in, diamonds out' – in other words, before AI value can be maximised, the data must be ready. Speedata's APU is the missing link, unlocking scalable, real-time analytics that power everything from business intelligence to medical breakthroughs to next-gen AI applications. It's the catalyst AI needed to get to the next era.' "Speedata raises $44m in Series B funding round" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
