Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Over the last year, Glean doubled from a Sacra-estimated $100M annual recurring revenue (ARR) to $200M ARR &amp; launched its new no-code agent builder.</li><li>Glean has launched Autonomous Agents, with customers building agents for SDR outreach, compliance checks, and finance workflows.</li><li>Glean hit $200M annual recurring revenue (ARR) at the end of November 2025, doubling from $100M in November 2024, raising a $150M Series F (Kleiner Perkins) in June 2025 at a $7.2B valuation for a 36x revenue multiple.</li></ul>

Over the last year, Glean doubled from a Sacra-estimated $100M annual recurring revenue (ARR) to $200M ARR &amp; launched its new no-code agent builder.Glean has launched Autonomous Agents, with customers building agents for SDR outreach, compliance checks, and finance workflows.Glean hit $200M annual recurring revenue (ARR) at the end of November 2025, doubling from $100M in November 2024, raising a $150M Series F (Kleiner Perkins) in June 2025 at a $7.2B valuation for a 36x revenue multiple.

<ul><li>Poolside closed a $500 million Series B in October 2024 at approximately $3 billion valuation.</li><li>Poolside announced Project Horizon, a 2 gigawatt AI campus in West Texas.</li><li>Poolside operates as a B2B enterprise software company selling AI coding automation to large organizations.</li></ul>

Poolside closed a $500 million Series B in October 2024 at approximately $3 billion valuation.Poolside announced Project Horizon, a 2 gigawatt AI campus in West Texas.Poolside operates as a B2B enterprise software company selling AI coding automation to large organizations.

<ul><li>Sacra estimates that Neon hit $25M in annual recurring revenue (ARR) in May 2025.</li><li>Databricks acquired Neon for approximately $1 billion in May 2025, representing a significant premium for the serverless Postgres platform.</li><li>The platform saw explosive growth in database creation, scaling from 20,000 databases in early 2023 to over 700,000 databases by April 2024.</li></ul>

Sacra estimates that Neon hit $25M in annual recurring revenue (ARR) in May 2025.Databricks acquired Neon for approximately $1 billion in May 2025, representing a significant premium for the serverless Postgres platform.The platform saw explosive growth in database creation, scaling from 20,000 databases in early 2023 to over 700,000 databases by April 2024.

<ul><li>Relace raised $23 million in a Series A round in October 2025 led by Andreessen Horowitz, with participation from Matrix Partners and Y Combinator.</li><li>Relace operates as a B2B infrastructure platform targeting AI-native startups building prompt-to-app experiences and traditional SaaS companies embedding coding agents into their products.</li><li>The business model creates network effects as more repositories and code patterns flow through the system, potentially improving the accuracy of retrieval and apply operations.</li></ul>

Relace raised $23 million in a Series A round in October 2025 led by Andreessen Horowitz, with participation from Matrix Partners and Y Combinator.Relace operates as a B2B infrastructure platform targeting AI-native startups building prompt-to-app experiences and traditional SaaS companies embedding coding agents into their products.The business model creates network effects as more repositories and code patterns flow through the system, potentially improving the accuracy of retrieval and apply operations.

<ul><li>Software development has moved away from the IDE as the “Microsoft Word for code” toward AI-assisted IDEs, starting as AI-in-the-IDE via tab autocomplete in GitHub Copilot (2021) and then getting popularized as the AI-IDE via chat panels in Cursor ($500M ARR in May 2025) & Windsurf ($82M ARR in July 2025 when acquired by agent company Cognition).</li><li>As AI assistance has progressed from code generation & handling one-shot tasks to planning & executing on multi-step workflows, human developers have moved upstream in the development process to tech-lead orchestration, with interfaces flipping to an agent-first workflow of chat in the terminal (Claude Code, OpenAI’s Codex, Warp) and code review of agent work behind that in the diff/code-review pane.</li><li>Fully autonomous agents promise to operate not just across your code base but throughout your deployment, dev tools, and project management SaaS, spinning up on CI failures (CircleCI), production errors (Sentry), or new tickets (Linear) and building features and fixing issues without interactive prompting and human intervention.</li></ul>

Software development has moved away from the IDE as the “Microsoft Word for code” toward AI-assisted IDEs, starting as AI-in-the-IDE via tab autocomplete in GitHub Copilot (2021) and then getting popularized as the AI-IDE via chat panels in Cursor ($500M ARR in May 2025) & Windsurf ($82M ARR in July 2025 when acquired by agent company Cognition).As AI assistance has progressed from code generation & handling one-shot tasks to planning & executing on multi-step workflows, human developers have moved upstream in the development process to tech-lead orchestration, with interfaces flipping to an agent-first workflow of chat in the terminal (Claude Code, OpenAI’s Codex, Warp) and code review of agent work behind that in the diff/code-review pane.Fully autonomous agents promise to operate not just across your code base but throughout your deployment, dev tools, and project management SaaS, spinning up on CI failures (CircleCI), production errors (Sentry), or new tickets (Linear) and building features and fixing issues without interactive prompting and human intervention.

Zach Lloyd, CEO Of Warp, On The 3 Phases Of AI Coding

United States

Browser-based code editor with real-time collaboration, AI assistance, and one-click deployment

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Replit (REPLIT US)

Glean At $200M ARR

TL;DR: Over the last year, Glean doubled from a Sacra-estimated $100M annual recurring revenue (ARR) to $200M ARR & launched its new no-code agent...

Sacra

Primer: Poolside - 07 Dec 2025

Company developing advanced AI models to automate and improve coding processes for businesses

Sacra

Primer: Neon - 07 Dec 2025

Serverless Postgres platform enabling developers to build and scale applications with autoscaling, database branching, and a serverless operating...

Sacra

Primer: Relace - 09 Oct 2025

Source control platform with codebase retrieval, utility SLMs, and task-specific agents for coding workflows

Sacra

Zach Lloyd, CEO Of Warp, On The 3 Phases Of AI Coding

In short, what is Warp...

Sacra

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)