Arcadia, a startup that pulls energy-use data from smart meters via its API, raised $200 million in Series E funding at a $1.45 billion valuation. It's likely the last round of private financing the company will complete prior to a public offering, CEO Kiran Bhatraju tells Axios.
Why it matters: Public markets are a mess, the IPO window has all but closed, and growth funding rounds are becoming harder to secure, making this a precarious time for any late-stage company.
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