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>Sacra estimates that SiFive generated $38.2 million in revenue in 2023.</li><li>SiFive was valued at $2.5 billion in its most recent funding round, a $175 million Series F completed in March 2022.</li><li>Revenue is split roughly 60% IP licensing, 30% custom design services, and 10% development boards and tools.</li></ul>

Sacra estimates that SiFive generated $38.2 million in revenue in 2023.SiFive was valued at $2.5 billion in its most recent funding round, a $175 million Series F completed in March 2022.Revenue is split roughly 60% IP licensing, 30% custom design services, and 10% development boards and tools.

Cerebras Systems / Private Capital Markets

<ul><li>Sacra estimates Cerebras hit $510M in 2025 revenue, up 76% YoY from $290M in 2024.</li><li>Morgan Stanley projects the company reaches $8B in 2028 revenue, driven primarily by the $20B OpenAI compute agreement running through 2028.</li><li>In May 2026, Cerebras completed its IPO on the Nasdaq Global Select Market under ticker "CBRS," raising approximately $6.38B, with Morgan Stanley, Citigroup, Barclays, and UBS as lead bookrunners.</li></ul>

Sacra estimates Cerebras hit $510M in 2025 revenue, up 76% YoY from $290M in 2024.Morgan Stanley projects the company reaches $8B in 2028 revenue, driven primarily by the $20B OpenAI compute agreement running through 2028.In May 2026, Cerebras completed its IPO on the Nasdaq Global Select Market under ticker "CBRS," raising approximately $6.38B, with Morgan Stanley, Citigroup, Barclays, and UBS as lead bookrunners.

<ul><li>Sacra estimates that Groq generated $90M in revenue in 2024.</li><li>Groq was valued at $3.5B following its $350M funding round led by Disruptive in August 2026, with Nvidia planning to participate.</li><li>Groq has grown to over 3.5 million developers as of early 2026, up from 2.8 million in mid-2025 and 360,000 eighteen months prior.</li></ul>

Sacra estimates that Groq generated $90M in revenue in 2024.Groq was valued at $3.5B following its $350M funding round led by Disruptive in August 2026, with Nvidia planning to participate.Groq has grown to over 3.5 million developers as of early 2026, up from 2.8 million in mid-2025 and 360,000 eighteen months prior.

SambaNova Systems / Private Capital Markets

<ul><li>SambaNova Systems was valued at $11B following its $1B Series F round led by General Atlantic in July 2026.</li><li>The founders set out to create a new type of AI chip architecture that could handle increasingly complex AI workloads more efficiently than traditional GPUs.</li><li>SambaNova has tailwinds from the explosive growth in enterprise AI adoption and has the opportunity to expand into adjacent markets through inference optimization, industry-specific solutions, and cloud services delivery.</li></ul>

SambaNova Systems was valued at $11B following its $1B Series F round led by General Atlantic in July 2026.The founders set out to create a new type of AI chip architecture that could handle increasingly complex AI workloads more efficiently than traditional GPUs.SambaNova has tailwinds from the explosive growth in enterprise AI adoption and has the opportunity to expand into adjacent markets through inference optimization, industry-specific solutions, and cloud services delivery.

<ul><li>Since our last coverage, Cerebras postponed its IPO following regulatory questions about its UAE revenue concentration (G42 accounted for ~83% of 2023 revenue) and instead raised $1B from Fidelity and Tiger Global.</li><li>Cerebras&#39;s single-chip architecture loads entire AI models onto one chip with ~44GB of onboard memory, delivering inference ~10x faster than traditional multi-GPU setups—the company historically sold these as $2M hardware units to national labs, but launched a cloud inference API in summer 2024 that has since become the primary growth driver, serving customers like Perplexity, Notion, Windsurf, and Cognition on a pay-per-token basis.</li><li>Where selling $2M chips to national labs like Argonne and Livermore limited Cerebras to a small pool of state-backed research customers with long sales cycles and high revenue concentration, selling inference via API creates higher velocity and opens up the much larger market of AI startups and enterprises that want speed without buying and operating specialized hardware.</li></ul>

Since our last coverage, Cerebras postponed its IPO following regulatory questions about its UAE revenue concentration (G42 accounted for ~83% of 2023 revenue) and instead raised $1B from Fidelity and Tiger Global.Cerebras&#39;s single-chip architecture loads entire AI models onto one chip with ~44GB of onboard memory, delivering inference ~10x faster than traditional multi-GPU setups—the company historically sold these as $2M hardware units to national labs, but launched a cloud inference API in summer 2024 that has since become the primary growth driver, serving customers like Perplexity, Notion, Windsurf, and Cognition on a pay-per-token basis.Where selling $2M chips to national labs like Argonne and Livermore limited Cerebras to a small pool of state-backed research customers with long sales cycles and high revenue concentration, selling inference via API creates higher velocity and opens up the much larger market of AI startups and enterprises that want speed without buying and operating specialized hardware.

United States

Processor core IP for custom RISC-V chip design across consumer, automotive, and datacenter markets

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

SiFive (SIFIVE US)

Primer: SiFive - 15 Dec 2025

Processor core IP for custom RISC-V chip design across consumer, automotive, and datacenter markets

Sacra

Primer: Cerebras - 24 Aug 2026

AI chip hardware for training large-scale models in scientific and enterprise use cases

Sacra

Primer: Groq - 17 Aug 2026

AI inference chip and cloud tool for running large language models efficiently

Sacra

Primer: SambaNova Systems - 03 Aug 2026

Hardware-software stack for running and scaling enterprise generative AI workloads

Sacra

Cerebras Vs Nvidia

TL;DR: After UAE regulatory scrutiny stalled its IPO, Cerebras raised $1B and is diversifying revenue by selling cloud inference alongside...

Sacra

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)