Tabby raises $233 million at a $6.5 billion valuation

Tabby has raised $233 million in financing, and the company is valued at about $6.5 billion, according to Asharq Business with Bloomberg. A valuation is the price investors put on a business; it does not mean the company has $6.5 billion in cash or has earned that amount in sales or profit. The funding figure shows how much money Tabby raised, while the valuation reflects the price investors assigned to a stake in the company. The two figures differ by more than $6 billion. That gap is why readers should distinguish money raised from the company’s stated value.