Cerebras Confidential, Anduril Raises

I was on vacation for the first half of August, so I’m catching up on all the latest pre-IPO developments. Thankfully, it was a slow news cycle.

But two items caught my attention as I was fighting amusement ride crowds in Florida.

Cerebras Targeting an October 2024 IPO

On August 1st, Bloomberg reported that ​Cerebras​, the AI chip maker and Nvidia competitor, plans to IPO as early as October. That’s not set in stone, of course, especially with the pending U.S. election.

This Bloomberg report is in line with the reporting I’ve followed all year. January was the initial mention of a 2024 IPO.

The Information reported in late June that Cerebras has filed for an IPO confidentially. Reuters confirmed this month.

That helps it progress with the SEC while keeping its financials private for as long as possible.

If Cerebras IPOs, it will be the first major AI pure-play IPO and could set off a domino effect in 2025.

Cerebras pre-IPO shares are available:

• ​Linqto​* — $2,500 minimum investment.
• ​Hiive​* — Higher minimums, but significant liquidity.

Anduril Raises Series F at a $14 Billion Valuation

Defense startup ​Anduril​ just announced a $1.5 billion raise at a $14 billion valuation. The founder, Palmer Luckey, previously founded and sold Oculus Rift to Facebook.

Now, he’s competing against the beltway bandits of Washington, D.C., like Northrop Grumman and Lockheed Martin.

Many Access IPOs readers are already long Anduril stock via the Fundrise Innovation Fund, which disclosed a position earlier in 2024.

Anduril pre-IPO shares are available:

• ​Fundrise Innovation Fund​* — Anduril is one of about a dozen pre-IPO holdings in the fund. Others include OpenAI, Databricks, and Canva. $10 minimum investment to get started.
• ​Hiive​* — Higher minimums, but not as many shares as Cerebras. Login to see the latest availability

In Case You Missed It…

I’m publishing newsletters as blog posts now, so you can access them from my redesigned website home page.

• ​August 1st​ — The Cause of Pause?
• ​July 15th​ — The Hiive 50, New IPO Broker, Google Takes a Wiz
• ​July 1st​ — 7 Battery Startups Charging Toward IPOs

Conclusion

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Featured photo via DepositPhotos used under license.