Source: Benchmark's 2020 fund is now worth 10x+ and 2024 fund is 3x what investors put in, based on cash distributions and the paper value of its investments
Natasha Mascarenhas /Bloomberg:
Source: Benchmark's 2020 fund is now worth 10x+ and 2024 fund is 3x what investors put in, based on cash distributions and the paper value of its investments
Natasha Mascarenhas /Bloomberg:
Sources: Cursor-maker Anysphere is considering investment offers at a ~$30B valuation; Cursor generates $500M in ARR as of June, the third highest for an AI app
Natasha Mascarenhas / The Information : X: @nmasc_ X: Natasha Mascarenhas / @nmasc_ : Scoop: Cursor has been approached with investment offers at a $30 billion valuation & is considering a new fundra...
Distyl AI, which provides AI tools to automate business processes like HR management, raised $175M led by Lightspeed and Khosla Ventures at a $1.8B valuation
Natasha Mascarenhas / The Information :
Sources: Elad Gil is raising a fund of ~$1.5B that could grow to $2B based on investor interest, making it one of the largest fundraising hauls for a solo GP
Natasha Mascarenhas / The Information : X: @nmasc_ X: Natasha Mascarenhas / @nmasc_ : Scoop: Elad Gil is raising a $1.5 billion fund, which if closed would be one of the largest hauls for a solo GP. ...
Current and former employees of OpenAI have sold nearly $3B worth of shares in tender offers since 2021, with $1.5B+ going to SoftBank alone
Natasha Mascarenhas / The Information : Bluesky: @edzitron.com Bluesky: Ed Zitron / @edzitron.com : This is what you do when you think they'll be worth more in the future btw [embedded post]
Sources: Periodic Labs, which is building a “ChatGPT for material science”, is seeking to raise $100M+ at a $1B+ valuation, just two months after its founding
Natasha Mascarenhas / The Information :
Source: SoftBank will invest an initial $7.5B in OpenAI's $40B round, plus $22.5B by 2025's end; other backers include Microsoft, Coatue, Altimeter, and Thrive
Reportedly With a Few Strings Attached Markus Kasanmascheff / WinBuzzer : OpenAI Hits $300 Billion Valuation with SoftBank-Led Tender Deal Robert Lavine / Global Corporate Venturing : SoftBank leads O...
Source: AI chipmaker Cerebras confidentially filed for a US IPO; filing: in early June, it authorized new shares at a steep discount to its 2021 funding round
chip developer Cerebras has filed confidentially to go public. There's more to the story, though, as the company also authorized shares at a much lower price to its last round. https://www.theinformat...
Presentation: OpenView plans to return ~75% of a $571M fund, raised in 2023, to its LPs by Q3 and use the remaining capital to back ~30 portfolio companies
Natasha Mascarenhas / The Information :