Forge Investment Outlook Q2 2026
$715.37 $715.37+$565.37 (376.91%)+$383.96 (115.86%)+$216.09 (43.28%)+$216.09 (43.28%)-$12.44 (-1.71%)+$0.00 (0.00%)
| Funding Date | Round | Amount Raised | Price Per Share | Post-Money Valuation 3 | Key Investors | |
|---|---|---|---|---|---|---|
| 03/31/2026 | Series C | $122B | $687.69 | $852B | Amazon, Andreessen Horowitz, D.E. Shaw Ventures, MGX, Microsoft, Nvidia, Softbank, Tpg, T. Rowe Price | |
|
Price Per Share
$687.69
Shares Outstanding
177,406,218
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amazon, Andreessen Horowitz, D.E. Shaw Ventures, MGX, Microsoft, Nvidia, Softbank, Tpg, T. Rowe Price
|
||||||
| 03/31/2026 | Series C-NV | $68,209.56 | $687.69 | $852B | Amazon, Andreessen Horowitz, D.E. Shaw Ventures, MGX, Microsoft, Nvidia, Softbank, Tpg, T. Rowe Price | |
|
Price Per Share
$687.69
Shares Outstanding
99
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amazon, Andreessen Horowitz, D.E. Shaw Ventures, MGX, Microsoft, Nvidia, Softbank, Tpg, T. Rowe Price
|
||||||
| 12/11/2025 | Series B | $1B | $47.14 | $500B | Dragoneer Investment Group, MGX, Softbank, The Walt Disney Company, Thrive Capital, T. Rowe Price | |
|
Price Per Share
$47.14
Shares Outstanding
21,212,102
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dragoneer Investment Group, MGX, Softbank, The Walt Disney Company, Thrive Capital, T. Rowe Price
|
||||||
| 03/31/2025 | Series A-3 | $41B | $306.86 | $300B | Altimeter Capital, Coatue Management, Fidelity, Khosla Ventures, MGX, Microsoft, Nvidia, Quiet Capital, Softbank, Thrive Capital, Tiger Global Management | |
|
Price Per Share
$306.86
Shares Outstanding
133,611,724
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Altimeter Capital, Coatue Management, Fidelity, Khosla Ventures, MGX, Microsoft, Nvidia, Quiet Capital, Softbank, Thrive Capital, Tiger Global Management
|
||||||
| 10/02/2024 | Series A-2 | $13.33B | $187.86 | $157B | Andreessen Horowitz, Founders Fund, K2 Global, Microsoft, Sequoia Capital, Thrive Capital | |
|
Price Per Share
$187.86
Shares Outstanding
70,958,014
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Founders Fund, K2 Global, Microsoft, Sequoia Capital, Thrive Capital
|
||||||
| 04/10/2024 | Series A-1b | $396MM | $150.00 | $87B | Undisclosed Investors | |
|
Price Per Share
$150.00
Shares Outstanding
2,640,030
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
| 04/17/2023 | Series A-1a | $150MM | $67.00 | $28B | Andreessen Horowitz, Founders Fund, K2 Global, Sequoia Capital, Thrive Capital | |
|
Price Per Share
$67.00
Shares Outstanding
2,238,805
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Founders Fund, K2 Global, Sequoia Capital, Thrive Capital
|
||||||
| 07/22/2019 | Series A-1 | $193.83MM | $5.23 | $20B | Andreessen Horowitz, Bedrock Capital, Microsoft, Sequoia Capital, Tiger Global Management | |
|
Price Per Share
$5.23
Shares Outstanding
37,096,471
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Bedrock Capital, Microsoft, Sequoia Capital, Tiger Global Management
|
||||||
A group of high-profile private companies spanning AI, crypto infrastructure, analytics and space has either signaled intentions to go public or made strategic leadership and financing moves that suggest IPO preparation.
| Trade Metrics | Last Funding Round | |||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Last Matched | Round | Post-Money Valuation 3 | Price Per Share | Amount Raised | ||
| Anthropic | $259.14 -$13.84 (5.07%) | $xx.xx | Series G-1 | $380B | $259.14 | $15.04B | |
 | Anysphere (Cursor AI) | Not available | $xx.xx | Series D | $29.3B | $630.13 | $1.98B | |
| Databricks | $196.31 -$0.07 (0.04%) | $xx.xx | Series L | $134B | $190.00 | $5B | |
| Glean | $53.09 -$0.24 (0.45%) | $xx.xx | Series F | $7.2B | $49.02 | $150MM | |
 | Groq | $29.77 -$4.96 (14.28%) | $xx.xx | Series D-3 | $6.9B | $32.16 | $750MM | |
 | Nous Research | Not available | $xx.xx | Series A-1 | $488.63MM | $30.42 | $51.41MM | |
| Perplexity | $69.54 +$6.59 (10.47%) | $xx.xx | Series E-6 | $20.39B | $69.54 | $525MM | |
 | SambaNova Systems | $20.00 +$0.95 (4.99%) | $xx.xx | Series E-1 | $2.34B | $30.99 | $321.5MM | |
 | SandboxAQ | $15.25 -$0.15 (0.97%) | $xx.xx | Series E | $5.78B | $17.21 | $450MM | |
| Thinking Machines Lab | $305.97 +$19.73 (6.89%) | $xx.xx | Series Seed | $12B | $283.41 | $1.8B | |
Updated on: Apr 18, 2026
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