GIBBI, Today

Jul 23, 2025

Stories:

Amazon is acquiring Bee, a startup that puts AI on your wrist. Bee CEO Maria de Lourdes Zollo says on LinkedIn that the company is joining Amazon to help “bring truly personal, agentic AI to even more customers”
Bee makes a $49.99 Fitbit-like device that listens in on your conversations while using AI to transcribe everything that you and the people around you say, allowing it to generate personalized summaries of your days, reminders, and suggestions from within the Bee app
Miller, Amazon spokesperson, also notes that the deal isn’t yet closed, and its terms are “confidential.” All Bee employees have “received offers to join Amazon”
GIBBI View: To be honest, I still don’t trust to implement the AI in my life because I think that it’s still not safe that AI companies know everything about me; of course I know that in the future the AI will be vital for humans but AI needs to improve its data security

OCN (formerly OneCarNow), a FinTech for gig workers across the Americas, has announced an $86 million Series A fundraising comprising equity and debt
Participating institutions include lead investors for the equity element: Caravela Capital (Brazil), Collide Capital (US), and Great North Ventures (US), with the debt element provided by New York-based investment firm i80 Group
The proceeds will be used for OCN’s strategic international expansion. The company’s growth in the United States is already expanding. It aims to be the leading financial partner for the gig economy in the Americas and targets a global presence
GIBBI View: Remember that in the beginning of the year, I was working in a similar company/idea that I called it GIBBI Speak, where GIBBI Speak is a customer to customer carsharing company, and OCN was one of my potential rivals but I decided to put an stand by for my lack of knowledge and this field is moving to robotaxis

Design software company Figma has set its tentative IPO pricing at $25 to $28 per share, per a regulatory filing. This would give it a fully diluted market cap of $14.6 billion to $16.4 billion
While this range would value the company above the $12.5 billion valuation at the time of its tender offer last year, it’s also below the $20 billion Adobe planned to pay to acquire the company before the deal was called off in late 2023
Figma plans to market 12.47 million shares, raising $349 million in proceeds at the top of the price range. Stockholders are offering 24.46 million shares, which would garner them $684.88 million at the top price
GIBBI View: Here in this newsletter I’ve written that Figma filed paperwork for an IPO last april, and in the beginning of the month decided to go an IPO but until this moment Figma hasn’t made an IPO, so the most probably is that this IPO will happen next month

Apple has launched its online store in Saudi Arabia, according to an announcement on Tuesday. The move, set to be followed by physical retail locations, will let users in the country browse through and purchase Apple products on its site for the first time
As part of its expansion into Saudi Arabia, Apple will offer support and engraving in Arabic on its Saudi Arabian site. Apple is releasing its Store app in Saudi Arabia as well, and also plans on opening its first physical locations in 2026
Several US-based tech firms, including Amazon, Google, Nvidia, and AMD, revealed multi-billion-dollar partnerships with the state-backed firm on the same day
GIBBI View: Saudi Arabia has “opened” to the world, and it has decided to invest in the U.S. BIG Tech Companies (the best in the world), where in the same time Saudi Arabia has brought these companies to its country; according to some reports, Saudi Arabia Royal Families are “trillionaries”, where they would be the richest people in the world, unbelievable

An investment group led by LVMH’s private equity arm is buying 20% of private jet company Flexjet, marking the latest push by the luxury industry to expand into travel
L Catterton, the private equity firm backed by French luxury giant LVMH, is leading an $800 million investment in Flexjet that will also include brand partnerships and collaborations
L Catterton is 40% owned by LVMH and the family office of CEO Bernard Arnault. It manages $37 billion in equity capital across consumer brands including Birkenstock, Thorne and Etro
GIBBI View: Interesting that L Catterton is trying to diversify its portfolio to invest in a different field of its core portfolio (luxury industry), so I think that L Catterton is trying to move to airplane industry to try to do the same that they’ve been doing in luxury industry, let’s see if they can replicate that

GIBBI