E141: Cerebras targets October IPO, OpenAI rolls out advanced voice mode, Harvey's $100M Series C round, Canva acquires Leonardo.ai, Ramp's AI-powered financial tools, Ramp's AI-powered financial tools, Anduril secures Air Force contracts, Airtable acquir

Send us Fan MailWEBINAR ANNOUNCEMENT: AG Dillon will be hosting a webinar on August 7 at 1:30pm ET titled An Introduction to the AG Dillon Top 10 Pre-IPO Stock Fund. Fund invests into the top 10 pre-IPO stock by valuation. Pre-IPO stock exposure to artificial intelligence, robotics, space economy, fintech, virtual/augmented reality in one fund. Pre-IPO Indexing delivers 450% cumulative returns over the last 20 yrs, on average*. Register at www.agdillon.com/webinar. - - - - - - - - - - -Weekly pre-IPO reports…- Valuations, revenue multiples, performance = www.agdillon.com/reports- Market update pdf = www.agdillon.com/update- Index fact sheet = www.agdillon.com/index00:06 | Cerebras Targets October IPO- AI semiconductor company- Targeting IPO launch as soon as October- Enlisted Barclays and Citigroup as lead banks- Confidentially filed with the SEC- 2021 funding round: $4B valuation (primary)- Raised $250M in Series F- Flagship system CS-3 for AI workloads- Secondary market valuation: $5.4B (+26% vs Nov 2021 round)01:01 | OpenAI Rolls Out Advanced Voice Mode- AI large language model company- Launching ChatGPT's Advanced Voice Mode- Initially for ChatGPT Plus users, full rollout in fall 2024- Features hyperrealistic audio responses, emotional recognition- Tested by over 100 external red teamers- Secondary market valuation: $105B (+22% vs Apr 2024 round)01:54 | Harvey's $100M Series C Round- AI startup for lawyers- Raised $100M in Series C led by Google Ventures- Total funding: $206M- Valued at $1.5B (primary)- Uses OpenAI's GPT-4 for legal tasks- Annual recurring revenue and workforce tripled since December03:08 | Canva Acquires Leonardo.ai- Graphic design tech company- Acquired Leonardo.ai to enhance AI tech stack- Leonardo.ai to continue operating independently- Canva's valuation: $28.4B (secondary)- Over 19M registered users, 1B+ images generated- Canva's revenue close to $2B with 180M monthly users04:16 | Ramp's AI-Powered Financial Tools- Business-focused fintech- Uses AI to streamline financial processes for 25,000+ businesses- Customers include Shopify and Boys and Girls Club of America- AI capabilities: OCR for receipt matching, fraud detection, spend optimization- Tripled annual recurring revenue and workforce since December- Secondary market valuation: $8.8B (+15% vs Apr 2024 round)05:44 | Anduril Secures Air Force Contracts- Tech-focused defense contractor- Developing prototypes for Collaborative Combat Aircraft (CCA)- Expected production contracts by 2026- CCA to perform strike, reconnaissance, electronic warfare missions- Secondary market valuation: $15.5B (+11% vs May 2024 round)06:45 | Airtable Acquires Dopt- Productivity SaaS company- Acquired Dopt to enhance AI capabilities- Dopt to wind down service on August 15- Airtable's AI group to integrate Dopt's team- Launched Airtable Cobuilder for app creation via chat interface- Secondary market valuation: $3.5B (-70% vs Dec 2021 round)07:44 | Pre-IPO Stock Market Weekly Performance- www.agdillon.com/reports for full pdf- Pre-IPO +2.91% for week, +69.42% for last 1yr- Up week: Snyk +80.2%, Notion +13.2%, Revolut +8.1%, Airtable 6.9%, Plaid 5.2%- Down week: Hugging Face -16.1%, Groq -10.4%, Cohere -5.6%, Klarna -3.5%, ByteDance -2.5%- Top valuations: ByteDance $286b, SpaceX $210b, OpenAI $105b, Stripe $70b, Databricks $44b08:40 | Pre-IPO Stock Vintage Index Weekly Performance- www.agdillon.com/index for pdf with constituent level performance by year