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Cerebras popped 108%

Cerebras printed the first true blockbuster tech IPO of 2026 — a 108% first-day pop on a $5.5B raise — and the calendar behind it tells the story of the week. Anthropic is in talks for $30B at a $900B valuation, doubling its February mark. Anduril doubled to $61B in five months. The private market is repricing its top names faster than the IPO window can absorb them.

Paul Smalera

Hardware

May 15, 2026

Paul Smalera

Hardware

May 15, 2026

Anduril at $61B and defense tech's 2026 reset

Wednesday's $5B Anduril round doubled the company in eleven months and capped a record quarter for defense-tech venture funding. The revenue underneath the category looks nothing like what's funding the AI labs, and the difference is starting to matter.

Paul Smalera

Deep dive

May 14, 2026

Paul Smalera

Deep dive

May 14, 2026

Recent

Hackers shipped AI's first working zero-day

Cybersecurity

Aerospace & Defense

May 12, 2026

Ramp $40B. Hyperscalers' $49B tell.

Fintech

Enterprise Software

May 8, 2026

Mitigating counterparty risk in pre-IPO SPVs

May 8, 2026

Anthropic's tender priced at $350B. The market said $1T.

May 7, 2026

Anthropic's $1.5B JV with Blackstone

Enterprise Software

May 5, 2026

KKR raised $10B for AI infra

Hardware

May 1, 2026

The Microsoft-OpenAI deal reset the proxy trade

Enterprise Software

April 30, 2026

Cyrill Wiget named CEO of Augment Advisors, LLC and Augment Capital, LLC

April 30, 2026

OpenAI rewrote the Microsoft deal

Enterprise Software

April 28, 2026

SpaceX S-1: $26.5T from AI

Enterprise Software

Hardware

April 24, 2026

Artificial Intelligence

View more

Hackers shipped AI's first working zero-day

Google's Threat Intelligence Group published evidence Monday of the first documented case of criminals using AI to discover and weaponize a zero-day exploit — a two-factor authentication bypass in a popular open-source admin tool. Google says it disrupted the campaign before it scaled. Cerebras raised its IPO range again ahead of pricing Wednesday night, with the offering now teed up at a basic-share market cap of $34.4B (fully diluted closer to $49B) and a book reportedly more than 20 times oversubscribed.

Paul Smalera

Artificial Intelligence

May 13, 2026

Paul Smalera

Artificial Intelligence

May 12, 2026

Hackers shipped AI's first working zero-day

Paul Smalera

Ramp $40B. Hyperscalers' $49B tell.

Paul Smalera

Anthropic's tender priced at $350B. The market said $1T.

Paul Smalera

Anthropic's $1.5B JV with Blackstone

Paul Smalera

Enterprise Software

View more

The fastest SaaS company ever just doubled again

Cursor's revenue doubled to $2B ARR in just three months — the kind of trajectory that rewrites venture math. Reflection AI is reportedly seeking $2B+ at a $20B valuation just five months after its last raise. Meanwhile, Musk is cleaning house: X and xAI plan to repay $17.5B in debt ahead of a potential SpaceX IPO. And MongoDB's 24% post-earnings plunge is the latest signal that even strong growth can't save you when forward guidance disappoints.

Paul Smalera

Enterprise Software

March 3, 2026

Paul Smalera

Enterprise Software

March 3, 2026

Aerospace & Defense

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Databricks 25x, Snowflake 12x: The NAV Trap

Six private mega-caps trade at 2–3x public comps. The evergreen funds marking NAV off those prints are running a feedback loop, not price discovery. Four IPO catalysts in 120 days will break the loop or prove it right.

Paul Smalera

Aerospace & Defense

April 27, 2026

Paul Smalera

Aerospace & Defense

April 16, 2026

Deep Dive

View more

Anduril at $61B and defense tech's 2026 reset

Wednesday's $5B Anduril round doubled the company in eleven months and capped a record quarter for defense-tech venture funding. The revenue underneath the category looks nothing like what's funding the AI labs, and the difference is starting to matter.

Paul Smalera

Deep dive

May 14, 2026

Paul Smalera

Deep dive

May 14, 2026

The Microsoft-OpenAI deal reset the proxy trade

Paul Smalera

Power 20 Q1: OpenAI -22%, Anthropic +59%

Paul Smalera

Databricks 25x, Snowflake 12x: The NAV Trap

Paul Smalera

Anthropic's Mythos Just Broke Cybersecurity's Business Model

Paul Smalera

Company News

View more

Mitigating counterparty risk in pre-IPO SPVs

Noel Moldvai

Cyrill Wiget named CEO of Augment Advisors, LLC and Augment Capital, LLC

Augment Staff

$750+ Million in AUM—and why we're just getting started

Noel Moldvai

Augment closes $12M Series A as private market trading exceeds $60B

Noel Moldvai

POV

View more

What is liquidity risk in private markets—and how to manage it

Augment Staff

How Pension Funds Are Investing in Private Equity in 2026: Trends, Risks & Strategic Shifts

Augment Staff

How to sell your startup equity: a practical guide for employees and shareholders

Augment Staff

Infrastructure private equity: 5 technologies shaping the industry in 2026

Augment Staff

Hardware

Hardware

01/03/2026

Designing for the circular hardware economy

Hardware

01/03/2026

The evolution of silicon-carbide power chips

Hardware

01/03/2026

How modular hardware reduces electronic waste

Hardware

01/03/2026

The challenge of cooling high-density servers

Hardware

01/03/2026

Next-gen haptics for immersive experiences

Artificial intelligence

Artificial intelligence

01/03/2026

How AI agents are changing task automation

By 2026, the conversation has shifted from "what can AI say?" to "what can AI do?" We are moving past simple chatbots toward Agentic AI—autonomous systems capable of planning, reasoning, and executing complex workflows across multiple platforms.

Artificial intelligence

01/03/2026

Fine-tuning small language models for efficiency

Artificial intelligence

01/03/2026

The role of synthetic data in training

Artificial intelligence

01/03/2026

How multimodal ai is changing search

Artificial intelligence

01/03/2026

Why explainable ai is a business necessity

Pulse by Augment

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SpaceX

$588.77
+27%

Anthropic

$441.40
+59%

Anduril

$104.09
+7%

OpenAI

$687.68
-22%

Stripe

$67.61
+30%

Databricks

$222.05
+10%

Revolut

$1,712.14
+10%

Ramp

$100.51
+6%

ByteDance

$364.51
+20%

Neuralink

$130.65
+55%

Shield AI

$156.49
+61%

Cursor AI

$1,050.43
+23%

Kalshi

$543.60
+47%

Cerebras

$105.63
+173%

Canva

$1,738.97
-16%

Perplexity

$61.68
-5%

Crusoe

$132.39
+13%

Rippling

$52.00
-11%

Polymarket

$138.10
+4%

Saronic

$34.55
+57%