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LATEST NEWS: Investors Look Beyond the Great Reset to AI’s Surge Two years into the Great Reset, investors have seemingly cut their losses and set their sights on the next big thing: #AI and a handful of outperformers who have transcended the market’s multi-year downturn. Access more insights in Forge's newly released Q4 institutional report, featuring 10+ exclusive private market charts and figures — all powered by Forge Data. Download your copy at https://lnkd.in/e93-Z_ju #ForgeGlobal #privatemarkets #startups #tech

Forge's latest Private Market Update reports that September showed some movement in the IPO calendar for Q3, signalling potential progress. Meanwhile, AI companies continue to rake in funding, with Cisco reportedly nearing an investment in CoreWeave at a $23 billion valuation, according to Bloomberg News. Access the latest private market data in our October Private Market Update at https://lnkd.in/eDwzKK33 #ForgeGlobal #privatemarkets #startups #tech

Forge Data reports the median discount to the last primary funding round reached -12% in September, marking the second-highest level in over two years, following a -8% discount in August. Meanwhile, companies in the 75th percentile and above traded at a median premium of 14% compared to their last funding round on average. Read more in the October Private Market Update at https://buff.ly/40esw6V #ForgeGlobal #privatemarkets #investors

STARTUP NEWS: Several emerging private cybersecurity firms have gained attention for their innovation and strong investor interest in the past year, including Wiz, SandboxAQ, Tanium, Arctic Wolf, and Snyk. According to a report by Gartner end-user spending on information security will reach $212 billion by 2025, a 15% increase from 2024. By 2027, 17% of cyber threats are expected to involve #AI, requiring a significant boost in cybersecurity resources. Learn more about these cybersecurity firms at https://lnkd.in/e2T3X2xe #ForgeGlobal #privatemarkets #startups #techstartups

According to Forge's October Private Market Update, the private markets demonstrated a balanced recovery as new buy and sell IOIs stabilized after a dip on the buy-side in August. Additionally, sell-side interest sprang back to life in September after a significant August drop-off. Access more Forge Data at https://buff.ly/40esw6V #ForgeGlobal #privatemarkets #investors

Forge recently introduced The Private Magnificent 7—a group of private, venture-backed, late-stage companies that have demonstrated resilience throughout the Great Reset. As our CEO Kelly Rodriques explains, "Forge believes these companies reflect the current and emerging themes of private investing." Based on Forge Data, these seven companies collectively account for $473 billion in implied valuation. Read more at https://lnkd.in/eDJ4dxcH #ForgeGlobal #privatemarkets #PrivateMag7 #privatecompanies

JUST RELEASED: Has the Great Reset Run Its Course? Forge's newly released October Private Market Update reveals a notable shift: median discounts to the last funding round have narrowed closer to par over the past two months, a trend we haven’t seen in more than two years. Additionally, The Private Magnificent 7 has been outperforming its public counterpart, with #AI companies—like OpenAI—now making up nearly half of the Forge Private Market Index. Access the latest insights in our October Private Market Update at https://lnkd.in/eDwzKK33 #ForgeGlobal #privatemarkets #PrivateMag7 #startups

STARTUP NEWS: According to The Wall Street Journal, the creator of the widely-used ChatGPT chatbot, OpenAI has secured a new funding round of $6.6 billion, bringing its valuation to $157 billion. As of September 30th, OpenAI, a Private Magnificent 7 company, had a Forge Price of $190 a share. Meanwhile, Cerebras Systems, an AI chip maker, announced last week that it filed to go public. Cerebras has a Forge Price of $36.47 a share as of September 30th, giving the company an implied valuation of $7.14 billion. Read more about these #AI startups at https://lnkd.in/g77K3e9E #ForgeGlobal #privatemarkets #PrivateMagnificent7 #startups

Forge’s CEO, Kelly Rodriques, sat down with Yahoo Finance to discuss the Private Magnificent 7, their current valuations, and the potential for these companies to go public. The Private Magnificent 7 accounts for about 25% of the private market valuation, outperforming their public counterparts. Watch the full interview with Rodriques at https://lnkd.in/esvfMJUe #ForgeGlobal #privatemarket #PrivateMag7 #fintech

The Private Magnificent 7 spans multiple sectors ranging from Data Intelligence to Payments to HR and more. Though smaller in size, the Private Magnificent 7 has outperformed its public market counterpart by 16.9% in the 12-month period ending August 31, 2024. The select group’s price performance rose 55.3%, and in comparison, the public Magnificent 7 rose 38.4% in the same period. While the sector compositions are different between the Public and Private Magnificent 7, AI as a secular growth trend is reflected in both cohorts. Discover more about The Private Magnificent 7 at https://buff.ly/4ebyY2I #ForgeGlobal #privatemarkets #PrivateMag7 #investing