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The Daily Deal

Wednesday 11 November 2026

Oura buys AI doctor startup Counsel Health for $625M, weeks after shelving its IPO

Chart of the day

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Anthropic's $1.4T IPO price sits below the software trend line, which points to about $2T

Anthropic's $1.4T IPO price sits below the software trend line, which points to about $2T. Anthropic’s public S-1 and SpaceX’s Q3 results update the Rule of X comparison.

At the top of its IPO range, $1.4T fully diluted, Anthropic is priced at about 9 times its expected revenue for the next 12 months of about $151B. Its Rule of X puts it at about $2.2T on the trend line. On fundamentals it looks cheap next to listed software, so it could well trade up to $2T after it lists. OpenAI at $1T sits above the line. CrowdStrike, Palantir and Cloudflare, at 28 to 32 times, driven by investor bets on their AI growth, are left out of the trend and the chart.

Just raised

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  • MercorMenlo Park$750M Series D

    AI-driven platform matching experts with companies globally.

  • Path RoboticsColumbus$300M Series E

    Autonomous AI welding robots for manufacturers. Backed by Georgian and Addition VC.

  • AuroraLondon$132M Growth

    Market-leading asset values and unrivaled customer service in energy and utility sectors, specializing in rapid grid connections and sustainable projects. Backed by I Squared Capital and Allianz Global Investors.

By country

  • US$4.2B
  • China$774M
  • Canada$556M
  • UK$498M
  • Spain$153M
  • Netherlands$126M

By sector

  • Transportation$1.5B
  • Enterprise$935M
  • Health$912M
  • Recruitment$750M
  • Engineering and Manufacturing Equipment$636M
  • Energy$476M

$7B across 186 rounds reported in the last 7 days, by headquarters and by sector.

Just acquired

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  • PatchyFremont

    Private hosting for internal tools built with AI coding agents.

    SVHAAMSrikar V., Huseyin Akbayir & Allison Mahmood founded it. Srikar V. previously founded DefRM. Akbayir previously founded DefRM.

  • MicrocombMelbourne

    Single microcomb chip light source for AI datacenters.

    SPBCDMSam Pratt, Bill Corcoran & David Moss founded it. Pratt worked at David Jones. Corcoran worked at The Warren Centre.

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Upcoming events

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  • Bengaluru Tech SummitBengaluru17–19 Nov

    The Karnataka government's technology summit, now in its 29th edition, with more than 1,600 exhibitors and a dedicated startup programme that makes it India's largest tech trade event.

  • Singapore FinTech FestivalSingapore18–20 Nov

    The Monetary Authority of Singapore's fintech festival, expecting over 70,000 participants, and the largest single gathering of financial services and fintech decision-makers in Asia.

  • SlushHelsinki18–19 Nov

    The world's most founder-focused startup event — 13,000 attendees in the Helsinki winter dark.

  • AWS re:InventLas Vegas30 Nov – 4 Dec

    Amazon Web Services' developer conference, five days of product launches and technical sessions for more than 50,000 attendees, and the point at which AWS sets its AI and cloud roadmap for the year.

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