AGP Executive Report
Last update: 8 hours agoAI Funding: Autonomous engineering startup Traversal raised $120 million at a $1 billion valuation, while AI cloud provider Applied Compute secured $350 million at a $3.25 billion valuation. Freshworks also crossed $1 billion in annual recurring revenue, buoyed by enterprise growth. Kenya Investment: A trade report says Kenya must improve tax and regulatory predictability, infrastructure and project execution to turn US investor interest into committed capital. Separately, wealthy Kenyans are increasingly eyeing farmland, with food production a leading motivation. Corporate Moves: Prestige Estates acquired Gloind Vintage Infra at an enterprise value of ₹519 crore, adding its subsidiary Tarun Realtors to the group. Research Investment: AbbVie expanded its Oxford R&D site as part of a £120 million-plus UK investment focused on immunology, neuroscience and oncology.
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