Klarna's IPO pops, raising $1.4B, with Sequoia as the biggest winner

Plus more of TechCrunch's top stories this afternoon

View this email online in your browser  September 10, 2025 TechCrunch Top 3 Klarna's IPO pops, raising $1.4B, with Sequoia as the biggest winner: Of the 34.3 million shares Klarna sold, only 5 million were sold by the company, it said. The rest were sold by existing investors. Read More Replit hits $3B valuation on $150 million annualized revenue: Replit's annualized revenue has skyrocketed from $2.8 million to $150 million in less than a year, it said. Read More All of the iPhone 17 models compared: All four of the devices will be available to preorder on Friday and will be available on September 19. Read More A message from Silicon Valley Bank SVB helps you scale to and through Series A With deep industry expertise and a commitment to innovation, SVB is the partner you need to help you get to A, B, and beyond. Scale with confidence with SVB by your side. Learn More Afternoon Must-Reads Spotify is finally launching support for lossless music streaming: Spotify is finally launching lossless music streaming support after consumers demanded it for years. Read More OpenAI and Oracle reportedly ink historic cloud computing deal: OpenAI and Oracle reportedly signed a deal that includes OpenAI buying $300 billion of compute over a five-year span. Read More Perfect your pitch: Investors share what really makes founders stand out at TechCrunch Disrupt 2025: What makes a startup pitch stand out? At TechCrunch Disrupt 2025, October 27–29 in San Francisco, hear candid insights from Defy.vc's Medha Agarwal, Harness CEO Jyoti Bansal, and January Ventures' Jennifer Neundorfer. Read More Vimeo to be acquired by Bending Spoons in $1.38B all-cash deal: The announcement comes as Bending Spoons was interested in a potential takeover of Vimeo as far back as March 2024. Read More Thinking Machines Lab wants to make AI models more consistent: In a blog post shared Wednesday, Mira Murati's startup offered a rare glimpse into some of work its doing to improve AI models. Read More A message from Google Cloud Google AI Builders Forum | Live September 18, at 4 p.m. PT Join David Friedberg, AI experts, and top founders for a livestream event. We'll break down the essential strategies and technologies you need to build a competitive business in the era of AI. Add to calendar Be the first to know when news breaks Subscribe to our News Alerts, and you won't miss a thing. Breaking news, exclusives, and special reports—straight to your inbox. Sign up for News Alerts! Last but Not Least Uber will add Blade's helicopters to its platform as early as 2026: The move comes just one month after Uber partner Joby acquired Blade's passenger business. Read More Check out some of our other newsletters: StrictlyVC TechCrunch Events TechCrunch Mobility Want to adjust your daily newsletter schedule? You can do it right here Got a tip? Get in touch securely. Want to advertise on TechCrunch? advertise@techcrunch.com Has this been forwarded to you? Click here to subscribe to this newsletter. Unsubscribe Member Center Privacy Policy Copyright © 2025 TechCrunch Media LLC 501 2nd Street, Suite 650, San Francisco, CA 94107