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S&P Global to acquire private markets data firm With Intelligence for $1.8 billion

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S&P Global has agreed to acquire With Intelligence, a London-based provider of private markets data and analytics, in a $1.8 billion deal, the company announced on Wednesday. The acquisition aims to expand S&P Global’s footprint in the rapidly growing private markets sector.

Founded in 1998, With Intelligence serves around 3,000 clients globally, offering analytics and intelligence for alternative investments, including private equity, credit, and infrastructure. The firm is expected to generate $130 million in revenue in 2025, with annual contract value growth projected in the high teens.

The transaction is expected to close in late 2025 or early 2026, and S&P Global said it anticipates the deal will add to adjusted earnings per share by 2027. Citi acted as the financial advisor to S&P Global, while Centerview Partners advised With Intelligence.

The move comes amid growing investor interest in private markets, as rising interest rates and limited exits have put pressure on valuations in public markets. As traditional markets show signs of volatility, investors are increasingly turning toward alternative assets for diversification and yield.

The acquisition aligns S&P Global with a broader industry trend. Major financial institutions such as BlackRock have made significant pushes into private markets, including its $12.5 billion acquisition of Global Infrastructure Partners, its $3.2 billion deal for Preqin, and its $12 billion purchase of HPS Investment Partners earlier this year.

Private markets also received a boost from U.S. President Donald Trump’s executive order in August, which seeks to expand 401(k) access to private equity and private credit investments.

Data Analytics Startup Coralogix Valued Over $1 Billion After $115 Million Funding Round

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Coralogix, a data analytics and AI observability platform, nearly doubled its valuation to over $1 billion in its latest funding round, the company’s co-founder and CEO Ariel Assaraf told Reuters.

The startup raised $115 million in a round led by California-based venture growth firm NewView Capital, with participation from the Canada Pension Plan Investment Board (CPPIB) and venture firm NextEquity. This funding round follows Coralogix’s $142 million raise in 2022.

Despite a wider slowdown in venture capital for enterprise software-as-a-service (SaaS) startups, driven by elevated interest rates and geopolitical tensions, AI-driven SaaS solutions continue to attract investor interest. According to PitchBook, AI-focused SaaS financing hit a record $58 billion in Q1 2025.

Coralogix’s revenue has grown sevenfold since 2022, but the company is not yet profitable, with nearly 75% of its 2024 revenue reinvested into research and development. Assaraf noted this investment-heavy approach is common among peers such as Datadog and Splunk, who also prioritized R&D before profitability.

The startup has expanded its AI capabilities, notably through the acquisition of Aporia in December 2024, which bolstered its AI observability offerings. Coralogix is aggressively growing its AI talent pool and remains open to strategic acquisitions to enhance its expertise.

In line with its AI focus, Coralogix introduced a new AI agent called “olly”, designed to simplify data monitoring with a conversational interface. Industry experts have recognized AI agents as a transformative application of artificial intelligence in enterprise IT management.

Snowflake Raises Annual Revenue Forecast Amid AI-Driven Demand Surge

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Snowflake (SNOW.N) raised its fiscal 2026 product revenue forecast on Wednesday, driven by strong enterprise demand for its data analytics and AI services. The company’s shares jumped 6% to $190.09 in after-hours trading following better-than-expected first-quarter results and an upbeat outlook for the current quarter.

The AI boom has been a key growth engine for Snowflake. Through partnerships with OpenAI and Anthropic, the company has expanded its platform to support customers building and running advanced AI models, particularly for data-driven applications. This has significantly broadened its appeal across industries prioritizing cloud migration and AI adoption.

Updated Guidance and Performance

  • Q1 Product Revenue: $996.8 million (↑26% YoY), surpassing analysts’ forecast of $959.2 million

  • Q2 Product Revenue Forecast: $1.035 – $1.040 billion vs. $1.021 billion expected

  • Fiscal 2026 Product Revenue Forecast: $4.325 billion (up from $4.28 billion)

On an adjusted basis, Snowflake earned 24 cents per share, beating expectations of 21 cents.

Analysts attribute Snowflake’s momentum to its ability to scale cloud-based AI tools for enterprise clients, particularly those building AI agents and automation workflows. The company’s flexibility in integrating AI across large datasets makes it a key player in modern enterprise cloud ecosystems.

The stock is now up 16% year-to-date, reflecting investor confidence in Snowflake’s strategy to stay ahead in the competitive cloud and AI infrastructure market.