#funding

Bending Spoons announced a definitive agreement to acquire Miro at a $1.355 billion enterprise value. The deal is expected to close in Q4. Five weeks earlier the company announced the acquisition of Airtable at $1.285 billion, and that transaction has now closed. Both targets were sold to the Milan-based rollup within roughly one month.

Both companies held substantial cash balances and years of runway at the time of sale.

Stripe bought OpenRouter for around $7B according to SaaStr. The transaction closed four months after OpenRouter was valued at $1.3B. Anthropic turned its first profit in the same period.

SpaceX closed its $60B all-stock takeover of Cursor. The deal values the target at roughly 15 times current revenue or under 10 times the $6B it tracks toward by year end. Cursor had reached half a billion in revenue before shifting to a multimodel approach.

Silver Lake circled Workday at $43B.

GetWhys has launched a platform that lets product marketing and go-to-market teams validate messaging, positioning, and content against real buyer intelligence before it reaches the market, according to [Demand Gen Report](https://www.demandgenreport.com/industry-news/news-brief/getwhys-grounds-ai-gtm-content-in-buyer-intelligence/54003/).

The platform supplies relevant evidence from its database of thousands of B2B buyer interviews at the moment content is created.

Alta closed a $25 million Series A round led by IN Venture less than a year after launch. The funding supports expansion of the company's coordinated AI agent platform for revenue teams.

Alta reached a $15 million annual run rate with clients including Snowflake, Deel and Atlassian. The company hit its first million in revenue within months of commercializing and is on track for 800% revenue growth this year.

Nectar Social raised a $30 million Series A round led by Menlo Ventures and its Anthology Fund. The company simultaneously rebranded as Nectar Agent according to [Demand Gen Report](https://www.demandgenreport.com/industry-news/news-brief/nectar-social-raises-30m-rebrands-itself-as-nectar-agent/53121/).

SaaStr published guidance stating that B2B SaaS companies require at least $1 on the balance sheet for every $2 in ARR to invest in team and product initiatives. At $20m ARR this equates to $10m in cash reserves. The article notes that companies below this threshold tend to hesitate on expansion decisions.

According to SaaStr, once a company passes initial scale at $3m-$4m ARR, cash levels below 50% of ARR create operational stress and lead to underinvestment.