The company is expected to generate more than $1 billion in revenue this year, doubling the $500 million it made in 2024.

The company is expected to generate more than $1 billion in revenue this year, doubling the $500 million it made in 2024.

The Finnish company is raising $875 million in a new Series E financing round valuing it around $10.9 billion, according to people familiar with the matter.