Jul 15, 2024
Graphcore was acquired by Softbank for between $500 million and $600 million.
Lambda Labs was raising $800 million in a new funding round.
Wiz was having discussions to be acquired by Google for $23 billion
Jul 1, 2024
Cerebras confidentially filed documents for its upcoming IPO.
Groq was raising a new round at a $2.5 billion valuation.
OpenAI acquired RocketSet (a search and analytics database firm) and Multi (a collaboration platform).
SpaceX performed a tender offer that valued the company at $210 billion
Jun 17, 2024
AlphaSense raised $650 million at a $4 billion valuation and acquired Tegus for $930 million.
Cohere raised $450 million at a $5 billion valuation.
Grafana Labs was looking to raise a new funding round at a $6 billion valuation.
May 28, 2024
Figma was performing a tender offer at a $12.5 billion valuation.
Harness raised $150 million line of credit.
Mistal AI was raising a new funding round at a $6 billion valuation.
SpaceX was having discussions to perform a tender offer at a $200 billion valuation.
Vercel raised $250 million at a $3.25 billion valuation.
Given the market reset which followed the valuation boom in 2021, select secondary issuers are more marketable to investors than others. Companies that have raised a recent round, or adjusted their 409A, in the past two years are more likely to have interested buyers as they have a fresh benchmark in terms of valuation. As no investor wants to purchase shares in a company that potentially could have a down round in the future, no news is bad news in this market.
Read MoreMay 6, 2024
CoreWeave raised $1.1 billion at a $19 billion valuation.
Rubrik raised $752 million in its IPO at a $5.6 billion valuation.
xAI was raising $6 billion at a $18 billion pre-money valuation.