Private market news feed.

Oura has appointed Sanjay Chandra as its first Chief Information Officer and Han Chiu as SVP of AI and Software Engineering, restructuring its tech leadership as the company prepares for a potential IPO.

Source: WSJ

OpenAI has been gaining ground against Anthropic among OpenRouter customers, competing for developer wallets on the multi-model API access platform ahead of Stripe's acquisition of OpenRouter.

Source: The Information

Ramp launched Router, its own AI model router available at Router.com, designed to help companies reduce rising AI bills by intelligently routing requests across models. Stripe is also noted as betting on similar AI traffic controller technology.

Source: PYMNTS.com

Anduril is aggressively expanding its Seattle-area engineering workforce, targeting up to 1,000 engineers as part of its broader AI warfighting technology buildup.

Source: GeekWire

Nevada has granted regulatory approval for over 7,000 robotaxis to operate in the state, including vehicles from Waymo, Tesla, and Uber, marking a major expansion of autonomous ride-hailing in the region.

Source: TechCrunch

Nvidia is in discussions to invest in AI data labeling startup Mercor as part of a funding round valuing the company at $20 billion. Existing investor General Catalyst is reportedly in talks to lead the round, with Mercor's revenue historically coming from closed-source AI model makers like OpenAI, Google, and Anthropic.

Source: The Information

In an interview, CEO Irina Novoselsky said Hootsuite has reached nearly $400M in revenue with 22% growth in its enterprise core business, crediting a repositioning around the Gen Z buyer journey.

Source: GetLatka

SandboxAQ is working to identify PFAS-free chemical alternatives for the semiconductor industry using its AI and simulation capabilities. The initiative addresses growing regulatory and environmental pressure to eliminate per- and polyfluoroalkyl substances from chip manufacturing.

Source: Manufacturing Dive

(Bloomberg) -- Anthropic PBC expects to match or beat the size of SpaceX's record-setting initial public offering, according to people familiar with the matter, as preparations for the artificial intelligence firm's debut pick up speed.The Claude developer is running the numbers as it prepares to file publicly for its potential mega-IPO as soon as the end of this month, the people said. Recent investor briefings led by Chief Financial Officer Krishna Rao skirted the question of valuation, they said.Elon Musk's rocket and satellite firm raised $75 billion at the outset, making it the biggest first-time share sale ever, data compiled by Bloomberg show. The final figure increased to $86.2 billion with the so-called overallotment option, which is typically exercised if shares rise in early trading.

Source: Bloomberg

Abnormal AI has expanded its partnership with OpenAI to accelerate secure enterprise AI adoption and strengthen cyber defense capabilities.

Source: PYMNTS.com

Anthropic is preparing to give CEO Dario Amodei and other co-founders a class of stock with extra supervoting power to insulate them from outside shareholder pressure, marking the first time Anthropic's leaders would hold such control as the company readies for a mega-IPO.

Source: Reuters

The owner of the New York Stock Exchange has indicated it is looking at participating in Polymarket's new funding round, signaling institutional interest in the prediction market platform.

Source: Bloomberg.com