Google Cloud quarterly revenue was a record $11.35 billion

- Alphabet's revenue was up 15% to $88.27 billion - Google Cloud revenue was a record $11.35 bln (+35%) - This growth was helped by AI services, corp. subscriptions, etc. - Different AI services are used by billions of users - Alphabet reported net income of $26.3 billion (EPS $2.12) - The search business grew 12.3% to $49.4 billion - It remains the main source of revenue for the company - Alphabet's advertising revenue for the quarter was $65.85 billion - Its advertising business is growing but slowed from Q2 2024 - YouTube's ad revenue for Q3 2024 was $8.82 billion - YouTube's ad revenue was above analysts' expectations - Google Workspace saw strong growth for Q3 2024 - Other Bets (part of Waymo) revenue was already $388 million - This figure was $297 million higher than a year ago - Google Lens is already used for 20 billion queries/month. - This is one of the fastest growing search products - The cost of attracting traffic amounted to $13.72 billion

Sequoia will make more than $100 million on the Stripe and Bridge deal

- Payments giant Stripe buys Bridge for $1.1 billion - Bridge is developing a crypto payment platform - Stripe will pay for Bridge in cash and its own shares - This is a rare victory for funds in the crypto startup market - The funds will recoup their investment in Bridge many times over - Among them: Sequoia, Index Ventures, Bedrock, Ribbit, etc. - It's also an unusually quick return for them - B

Finix, the full-stack payment processor, announced it has raised $75 million in Series C funding

The initiative was spearheaded by A Crew Capital, with Leap Global and Lightspeed Venture Partners co-leading, and new investors, including Citi Ventures and Tribeca Venture Partners, joining in. Existing investors such as Homebrew, Insight Partners, Inspired Capital, and Cap Table Coalition also contributed. Finix is a cutting-edge platform that empowers businesses to streamline their payment pr

Google Cloud quarterly revenue was a record $11.35 billion

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Sequoia will make more than $100 million on the Stripe and Bridge deal

Finix, the full-stack payment processor, announced it has raised $75 million in Series C funding