Source: Kalshi’s valuation jumps to $11B after raising massive $1B round

TechCrunchThursday, November 20, 2025 at 8:26:03 PM
  • Kalshi's valuation has surged to $11 billion following a $1 billion funding round led by Sequoia and CapitalG, highlighting the company's rapid growth in the prediction betting market.
  • This funding is crucial for Kalshi as it positions the company to expand its offerings and enhance its market presence, indicating strong investor belief in its future.
  • The development underscores a broader trend in the tech industry, where companies like Databricks are also seeking substantial funding, reflecting a competitive landscape in AI and tech
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
WhatsApp gets its own Instagram Notes-like feature
PositiveArtificial Intelligence
WhatsApp has introduced a new 'About' feature that allows users to share their status with others, similar to Instagram Notes. This feature aims to enhance user engagement on the platform.
Source: Kalshi raised $1B led by Sequoia and CapitalG at a $11B valuation, less than two months after it announced a $300M fundraise at a $5B valuation (Marina Temkin/TechCrunch)
PositiveArtificial Intelligence
Kalshi, a prediction market platform, has successfully raised $1 billion in funding led by Sequoia and CapitalG, resulting in a valuation of $11 billion. This funding round comes less than two months after the company announced a $300 million fundraising at a $5 billion valuation. The significant increase in valuation reflects strong investor confidence in Kalshi's business model and growth potential.
OpenAI expands group chats in ChatGPT globally to all logged-in users on Free, Go, Plus, and Pro plans, after piloting the feature in select regions (Aisha Malik/TechCrunch)
PositiveArtificial Intelligence
OpenAI has announced the global rollout of group chats in ChatGPT, making the feature available to all logged-in users across Free, Go, Plus, and Pro plans. This follows a successful pilot in select regions, enhancing user interaction and collaboration on the platform.
ChatGPT launches group chats globally
PositiveArtificial Intelligence
ChatGPT has launched group chats globally, allowing users to coordinate trips, co-write documents, settle debates, and collaborate on research. The feature enhances user interaction by enabling ChatGPT to assist in searching, summarizing, and comparing options.
Mixup is a new, Mad Libs-style app for creating AI images from photos, text, and doodles
PositiveArtificial Intelligence
Mixup is a new app that allows users to create AI-generated images using Google's Nano Banana technology. The app features a Mad Libs-style format, where users can fill in blanks to generate unique images from photos, text, and doodles. This innovative approach encourages creativity and sharing among users.
Perplexity brings its AI browser Comet to Android
PositiveArtificial Intelligence
Perplexity is launching its AI browser Comet on Android, with plans for an iOS version in development. This move aims to enhance user experience by leveraging artificial intelligence capabilities.
Android’s Quick Share now works with iPhone’s AirDrop, starting with the Pixel 10 lineup
PositiveArtificial Intelligence
Android's Quick Share feature now supports file sharing with iPhone's AirDrop, starting with the Pixel 10 lineup. This new capability allows users to easily share photos, videos, and files regardless of the type of phone the recipient uses.
Sources: AI robotics startup Physical Intelligence raised $600M led by CapitalG at a $5.6B valuation, with participation from Jeff Bezos, Lux, Thrive, and more (Shirin Ghaffary/Bloomberg)
PositiveArtificial Intelligence
Physical Intelligence, an AI robotics startup, has successfully raised $600 million in funding, led by CapitalG, which values the company at $5.6 billion. The funding round saw participation from notable investors including Jeff Bezos, Lux Capital, and Thrive Capital. The startup focuses on developing AI software that enables robots to learn a variety of tasks, positioning itself as a significant player in the robotics and AI sectors.