AlphaSense raised $150 million at a $2.5 billion valuation

Oct 02, 2023

Secondary Market Trend Highlight:

Anduril acquired Blue Force Technologies, anTransaction sizes (Price * Quantity) are down given that pricing has lowered and sellers are less inclined to sell quantity at these prices unless liquidity is a need. Several sellers are aggregating their transactions to meet institutional level transaction sizes. Several funds with smaller transaction sizes are now able to get supply to these later stage narratives given that supply has outnumbered demand (buyer’s market) so sellers are open to expanding their buyer universe to optimize on pricing and liquidity.

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Kirat Lall
Anduril acquired Blue Force Technologies, an aircraft parts developer

Sep 20, 2023

  • Anduril acquired Blue Force Technologies, an aircraft parts developer.

  • Flexport’s original CEO, Ryan Petersen, was reinstated.

  • Instacart went public and closed at $33.70/share which represents a $11 billion valuation.

  • Indigo AG raised $250 million in a new funding round.

  • Klaviyo went public and closed at $32.76/share which represents a $10 billion valuation.

  • Neuralink received approval to begin the recruitment for human trials.

  • Redwood Materials acquired Redux Recycling, a European battery recycling company.

  • Shield AI raised $150 million at a $2.5 billion valuation.

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Kirat Lall
Better.com went public with its SPAC acquisition firm, Aurora Acquisition Corp

Aug 29, 2023

  • Better.com went public with its SPAC acquisition firm, Aurora Acquisition Corp. Its shares closed at $1.15/share on its first day, which represents a steep decline relative to its prior day close of $17.44/share.

  • Databricks was raising a new round at a $43 billion valuation.

  • Klaviyo filed its S1 for its upcoming IPO.

  • Instacart filed its S1 for its upcoming IPO.

  • Ramp raised $300 million at a $5.8 billion valuation.

  • Redwood Materials raised $1 billion at a valuation greater than $5 billion.

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Kirat Lall
Anduril acquired Adranos, a rocket manufacturer

Jun 26, 2023

  • Last week, Anduril acquired Adranos, a rocket manufacturer.

  • Three members of Byju’s board along with its auditor departed from the company since the company failed to deliver its financials in a timely manner.

  • Databrick acquired MosaicML, a generative AI startup, for $1.3 billion.

  • DriveWealth appointed Jason Pizzorusso as its global CFO. He previously was the CFO of Morgan Stanley Wealth Management.

  • Thoughtspot acquired Mode Analytics, a business intelligence platform, for $200 million.

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Kirat Lall