EPISODE · Sep 20, 2024 · 11 MIN
E150: CoreWeave's $23B share sale, Revolut’s $45B stablecoin move, Neuralink's vision breakthrough, Alan’s $193M Series F, Lionsgate & AI film production, OpenAI x T-Mobile, Databricks’ $45.5B EU HQ, Canva's 300% price hike, Wiz’s new cloud security tool
from This Week in Pre-IPO Stocks · host AG Dillon & Co
Send us Fan MailSubscribe to AG Dillon Pre-IPO Stock Research at agdillon.com/subscribe;- Wednesday = secondary market valuations, revenue multiples, performance, index fact sheets- Saturdays = pre-IPO news and insights, webinar replays00:07 | CoreWeave Plans Share Sale at $23B Valuation- AI cloud computing company- Share sale to allow existing shareholders to tender $400M-$500M- Valuation increased from $19.1B in May 2024 to $23B (primary)- Previously valued at $7B in December 2023- Secured $7.5B credit facility from Blackstone and Carlyle in May 202401:05 | Revolut to Launch Stablecoin Amid $45B Valuation- London-based online bank- Plans to enter $119B stablecoin market dominated by Tether and USDC- Recently received UK banking license, revenues reached $2.2B with 45M users- Stablecoin may not be available in the U.S. due to regulatory issues- Valuation: $45B (primary, Aug 2025)01:57 | Alan Secures $193M in Series F, Valued at $4.5B- French insurance tech company- Raised $193M led by Belfius, with participation from Ontario Teachers’ Pension Plan and others- Covers over 500,000 people; added 150,000 new customers since February 2024- Expected to reach $500M annual recurring revenue- Valuation: $4.5B (primary)02:47 | Neuralink’s FDA Breakthrough Device for Restoring Vision- Elon Musk's brain chip company- Blindsight implant for blind patients received FDA "breakthrough device" status- Device aims to restore low-resolution vision, similar to "Atari graphics"- Also working on implants for paralyzed patients to control digital devices- Secondary market valuation: $7.2B (+107% vs Nov 2023 round)03:49 | Lionsgate Partners with Runway for AI-Driven Film Production- Studio behind Hunger Games, John Wick, partners with AI startup Runway- Runway provides custom AI models for storyboarding and special effects- Expected to save millions in production costs- First of its kind for Runway, reflecting broader AI adoption in Hollywood- Runway in talks for new funding at $4.0B valuation (primary)04:51 | OpenAI Partners with T-Mobile to Launch AI Platform, IntentCX- Partnership to create AI-driven platform, IntentCX, enhancing customer retention- Platform to leverage data from millions of T-Mobile subscribers- Launch scheduled for 2025, aims to prevent churn and automate services- OpenAI's valuation at $150B (primary)05:39 | OpenAI’s Oversubscribed $6.5B Capital Raise- OpenAI nearing completion of a $6.5B fundraising round- New pre-money valuation set at $150B (primary), up from $86B earlier in 2024- Investors include Microsoft, Nvidia, Apple, and Thrive Capital06:21 | Databricks Opens European HQ, Valued at $45.5B- AI data management company- Opening new five-story European HQ in London to support 400 UK employees- Valuation: $45.5B (secondary), +5.4% vs Nov 2023 round07:01 | Canva Raises Subscription Prices by Over 300%- Graphic design SaaS company- Canva Teams subscription price increases from $120 to $500 annually- New features include AI tools like Magic Studio; Pro and Enterprise plans unchanged- Secondary market valuation: $27.6B (+6.3% vs Jan 2024 round)08:02 | Wiz Launches Cloud Application Security Tool, Wiz Code- Cloud security provider- New tool integrates with developer environments to resolve cloud risks in code- Enhances collaboration between security and development teams- Valuation: $17.8B (secondary), +48.3% vs May 2024 round08:55 | Pre-IPO Stock Market Weekly Performance- agdillon.com/subscribe to receive weekly pdf report in your inbox09:47 | Pre-IPO Stock Vintage Index Weekly Performance- agdillon.com/subscribe to receive weekly pdf report in your inbox
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Send us Fan Mail Subscribe to AG Dillon Pre-IPO Stock Research at agdillon.com/subscribe; - Wednesday = secondary market valuations, revenue multiples, performance, index fact sheets - Saturdays = pre-IPO news and insights, webinar replays 00:07 | CoreWeave Plans Share Sale at $23B Valuation - AI cloud computing company - Share sale to allow existing shareholders to tender $400M-$500M - Valuation increased from $19.1B in May 2024 to $23B (primary) - Previously valued at $7B in December 2023 ...
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E150: CoreWeave's $23B share sale, Revolut’s $45B stablecoin move, Neuralink's vision breakthrough, Alan’s $193M Series F, Lionsgate & AI film production, OpenAI x T-Mobile, Databricks’ $45.5B EU HQ, Canva's 300% price hike, Wiz’s new cloud security tool
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