Plaid Raises Funding, Reaches $8 Billion Valuation

Plaid raised a funding round that Bloomberg reported on Feb. 26 values the company at $8 billion, with the financing intended to provide liquidity for employees; the exact amount was not disclosed. Founded in 2013, Plaid has expanded from bank linking into data-analytics products, was valued at $6.1 billion in April and $13.4 billion in 2021, and last week announced an AI-focused partnership with Backbase.