E70: $10b valuation for Anduril, OpenAI next “App Store”, Loom acquired for $975m, Flexport lays of 20% staff | Pre-IPO Stock Market Update – Oct 13, 2023

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00:10 | $10b valuation for Anduril
- Raising $400m to $500m at a $10b valuation, 17.6% increase from last round
- Use of funds = acquisitions, research/development
- Recently won $1.0b contract from US Special Ops Command

01:07 | OpenAI next “Apple App Store”
- releasing developer tools on Nov 6 conference
- updates will reduce costs by 20x and include vision/image capabilities
- current tender offer at $90b, 210% above its Apr 2023 round just 7 months ago

02:51 | Loom acquired for $975m
- Atlassian is acquiring for -36% vs last round ($1.53b)
- Loom provides an asynchronous video solution
- Loom has 25m customers, 5m monthly video conversations; Ford, Tesla, Amazon are customers

03:46 | Flexport lays of 20% of staff 
- 660 of 3300 employees impacted
- 70% drop in 1H 2023 revenue
- Former CEO Dave Clark removed five weeks ago

04:14 | Big capital raises
- Electric Hydrogen | $380m Series C, $1.0b valuation
- Headway | $125m Series C, $1.0b valuation
- Bizongo | $50m Series E, $980m valuation
- SuperOrdinary | $58m Series B, $800m valuation
- Pulumi | $41m Series C, $391m valuation

04:57 | Pre-IPO 5.75% for week
- Week winners: Anthropic +100.1% (not a typo), Rippling +26.2%, Hugging Face +22.9%, OpenAI +14.7%, Brex +8.3%
- Week losers: Epic Games -5.5%, Airtable -4.5%, ByteDance -3.7%, Cohere -3.0%, Deel -2.2%
- Top valuations: ByteDance $203b, SpaceX $157b, OpenAI $77b, Stripe $53b, Databricks $45b