In the tradition of previous quick S-1 teardowns (Snowflake, Palantir, Confluent, Klaviyo, Cerebras, etc), some quick notes on the CoreWeave S-1 from my colleague Aman Kabeer and I. As in prior efforts, this is not meant to be 100% comprehensive (and it’s certainly not investment advice!). The C| Matt Turck
A member of our Emerging MAD Index of companies on their path to an IPO, Confluent is a very interesting company in a strategic part of the data space, providing infrastructure for real-time data streaming - what it nicely calls "data in motion", in contrast to the world of batch processing or "data| Matt Turck
For anyone following the software industry, there’s been a little bit of snark about C3.ai ("C3") over the years. Here’s a company that was founded by Silicon Valley royalty (Tom Siebel, who sold Siebel Systems to Oracle in 2006 for just shy of $6B), with seemingly limitless access to capital, that| Matt Turck
Look up in the sky! It's a bird! It's a plane! It's… an IPO. The Cerebras S-1 filing is interesting in many ways, but certainly one is that, well, it is an (upcoming) IPO in the first place. In a context where tech IPOs have been at an all time low, with a very modest uptick in 2024 (Reddit, Rubrik| Matt Turck