NEXUS Fund
One Investment, Exposure to Perplexity* and More
After five sell-outs, we’re excited to launch one of our most exciting Funds yet. Our new A.I. Nexus Fund offers exposure to ChatGPT competitor Perplexity,* Sequoia-backed Cerebras, and DeepSeek partner SambaNova — all of which have sold out on our platform before. Gain exposure to these leading AI firms and other companies leveraging AI across robotics (Agility Robotics,* Gecko Robotics), SaaS (OneBrief, RegScale*), and space tech (Stoke Space*).
Limited to 100 spots. Five of our seven funds have sold out.
Minimum Investment $17,548.48
This Reg D 506(c) offering is made available through StartEngine Primary, LLC, and the securities are being offered and sold only to accredited investors through general solicitation. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
* Indirectly owned; specifically, entitled to an economic interest in the underlying company through ownership of Special Purpose Vehicle (“SPV”) interests. See Footnote 3 for additional details.
Fund Breakdown*
Anticipated breakdown assuming a fully subscribed offering:
* The allocation percentages may slightly change based on how much capital will be raised for the fund. Some of the allocations might not have direct share ownership based on the transfer restrictions out of our control, however, the fund will be a direct beneficiary.
** Indirectly owned; specifically, entitled to an economic interest in the underlying company through ownership of Special Purpose Vehicle (“SPV”) interests. See Footnote 3 for additional details.
CEO & Co-Founder of StartEngine
“We’ve had multiple Series sell out for Perplexity, Cerebras, and SambaNova. Why? These are some of the world’s most talked about private AI companies.”
Reasons to Invest
From 500M Search Queries a Year to 780M a Month
Perplexity is the ChatGPT competitor backed by NVIDIA and Jeff Bezos. The company secured another $500M in funding at a $9B valuation just five months after SoftBank’s investment at a $3B valuation. In May 2025, Perplexity reported 780M monthly search queries, a significant jump from 500M total queries in 2023. The company is on track to multiply annualized revenues by 5X since the beginning of 2024.⁴*
A Fresh $1.1B Round to Expand U.S. Manufacturing
In September 2025, Cerebras announced a new $1.1B round at an $8.1B valuation. The funding will help expand U.S. manufacturing of Cerebras’ high-performance AI processors and systems, which the company links together to build “supercomputers” that can handle the most complicated AI work. Cerebras has raised $1.9B to date from investors like Altimeter Capital, Fidelity, Tiger Global, and Valor Equity Partners.⁵
Record DeepSeek Deployment With 95% Fewer Chips
In February, SambaNova delivered the fastest deployment of DeepSeek’s R1 671B LLM, at 198 tokens per second, per user. SambaNova used just 16 custom-built chips, a 95% reduction in hardware compared to the 40 racks of 320 NVIDIA GPUs that would be required for such a task. CEO Rodrigo Liang said that “by year-end, [SambaNova] will offer 100X capacity for DeepSeek-R1.”⁶
Reusable Rockets Competing With SpaceX & Blue Origin
The U.S. Space Force recently selected Stoke Space to compete with industry leaders like SpaceX and Blue Origin for future U.S. national security space launches. Stoke received an initial $5M task order and could potentially bid for a $5.6B multiple award contract.³ In the meantime, Stoke Space has been making significant progress at Cape Canaveral as it prepares to launch Nova, a 100% reusable rocket.⁷*
* Indirectly owned; specifically, entitled to an economic interest in the underlying company through ownership of Special Purpose Vehicle (“SPV”) interests. See Footnote 3 for additional details.
There is no guarantee the valuation, revenue and growth for these companies will continue. Valuations referenced are from private placements and do not represent a public-market price. These securities are illiquid, and any future trading, if available, may occur at materially lower prices than these valuations.
There is no guarantee the valuation, revenue and growth for these companies will continue.
About the Portfolio Companies
Perplexity is the ChatGPT competitor backed by NVIDIA and Jeff Bezos. In August, Business Insider reported the company is seeking a new round at a $20B valuation, a month after raising $100M at an $18B valuation. Perplexity also made a $34.5B bid to purchase Google's Chrome browser. The company reported 400 million monthly search queries in the U.S. — a significant jump from 500M total queries reported in 2023. The company is on track to multiply annualized revenues by 5X since the beginning of 2024.
Valuations referenced are from private placements and do not represent a public-market price. These securities are illiquid, and any future trading, if available, may occur at materially lower prices than these valuations. This information was reported by a third party and has not been publicly confirmed by the company involved or independently verified by StartEngine Primary, LLC. See footnote 12 for additional info.
* Indirectly owned; specifically, entitled to an economic interest in the underlying company through ownership of Special Purpose Vehicle (“SPV”) interests. See Footnote 3 for additional details.
Raised as of Jul. 2025: $1.53B (through Series E-4)
Notable Investors: NVIDIA, Jeffrey Bezos/Bezos Expeditions, The SoftBank Group, Bessemer Venture Partners
Leadership Team: Aravind Srinivas, CEO & Co-Founder was previously a Research Specialist at OpenAI.
Press:
1. Sacra Equity Research: Perplexity
2. Bloomberg: AI Startup Perplexity Closes Funding Round at $9 Billion Value
3. Tech Crunch: Perplexity Brings Ads to its Platform
4. Adweek: Exclusive: Perplexity is Quietly Building an AI-Powered Shopping Experience, Taking on Amazon
The information above may not be accurate or complete and has not been independently verified. See footnote 12.
You can read more about Perplexity here.
Cerebras Systems is developing a “new class of supercomputer” to accelerate generative AI. With its new Qwen3-235B reasoning model, Cerebras claims it’s the only company globally capable of generating output at over 1,000 tokens per seconds. In September 2025, Cerebras announced a $1.1B round at an $8.1B valuation.
Valuations referenced are from private placements and do not represent a public-market price. These securities are illiquid, and any future trading, if available, may occur at materially lower prices than these valuations. This information was reported by a third party and has not been publicly confirmed by the company involved or independently verified by StartEngine Primary, LLC. See footnote 12 for additional info.
Raised as of Sept 2025: $1.91B (through Series F)
Notable Investors: Sequoia, Benchmark, 10X Capital, Asenza Capital, Capital Advantage Ventures, Avitas Capital Partners, Unity Growth Fund
Leadership Team: Andrew Feldman, who co-founded SeaMicro, that was later acquired by AMD for $355 million
*SeaMicro is at a different development stage, so its valuation may not be directly comparable. Investors should not assume that investments in this Series will increase in value. See footnote 5 below.
Press:
1. Sacra Equity Research: Cerebras
2. Data Center Dynamics: Cerebras Opens 10MW Data Center in Oklahoma City
3. Forbes: Who Needs Big AI Models? Amazon Web Services Using Cerebras Hardware
The information above may not be accurate or complete and has not been independently verified. See footnote 12.
You can read more about Cerebras here.
SambaNova is a leading developer of enterprise AI chips backed by $1.1B from BlackRock, Google, SoftBank, and more. The company’s latest chip could handle up to 3X the parameters used by OpenAI’s GPT-4, and delivered the fastest deployment of DeepSeek’s R1 671B LLM with 95% fewer chips compared to NVIDIA’s GPUs.
Valuations referenced are from private placements and do not represent a public-market price. These securities are illiquid, and any future trading, if available, may occur at materially lower prices than these valuations. This information was reported by a third party and has not been publicly confirmed by the company involved or independently verified by StartEngine Primary, LLC. See footnote 12 for additional info.
Raised as of Apr. 2025: $1.1B (through Series D)
Notable Investors: BlackRock, Celesta Capital, Intel Capital, SoftBank Investment Advisers, Samsung Catalyst Fund
Leadership: Rodrigo Liang (prev. Oracle), Kunle Olukotun Ph.D (prev. Stanford), Christopher Re (prev. Stanford)
Press:
1. Business Wire: SambaNova Launches Its AI Platform in AWS Marketplace
2. IT Brief: SambaNova Debuts Hume AI Voice Models for Emotional Speech AI
3. McKinsey: Preparing for Tomorrow’s Agentic Workforce with SambaNova’s Rodrigo Liang
The information above may not be accurate or complete and has not been independently verified. See footnote 12.
You can read more about SambaNova here.
Agility Robotics is a leader in commercial humanoid robotics thanks to “Digit,” one of the first humanlike robots capable of working in spaces designed for people. Digit is already moving orders for GXO, unloading machine washers for Schaeffler, and being tested by Amazon. Agility has raised over $641.25M to date from investors like DARPA and Amazon’s Industrial Innovation Fund. In March, The Information reported that Agility is raising a $400M round led by the venture arm of WP Global, with participation from SoftBank. The round would give Agility an estimated $2.1B post-money valuation.
Valuations referenced are from private placements and do not represent a public-market price. These securities are illiquid, and any future trading, if available, may occur at materially lower prices than these valuations. This information was reported by a third party and has not been publicly confirmed by the company involved or independently verified by StartEngine Primary, LLC. See footnote 12 for additional info.
* Indirectly owned; specifically, entitled to an economic interest in the underlying company through ownership of Special Purpose Vehicle (“SPV”) interests. See Footnote 3 for additional details.
Raised as of June. 2025: $641.25M (through Series C-3)
Notable Investors: Amazon Industrial Innovation Fund, Softbank Group, Playground Global, DCVC
Leadership: Co-founded by Damion Shelton (Ph.D., Carnegie Mellon) and Jonathan Hurst (Professor of Robotics, Oregon State; Ph.D., Carnegie Mellon).
Press:
1. Bloomberg: Humanoid Robot Development Seen as Vital to the Future of Manufacturing
2. The Verge: Amazon Is Reportedly Training Humanoid Robots To Deliver Packages
3. WIRED: 2025 Is the Year of the Humanoid Robot Factory Worker
The information above may not be accurate or complete and has not been independently verified. See footnote 12.
You can read more about Agility Robotics here.
Stoke Space’s reusable rocket impressed the U.S. Space Force, which selected the company to compete with SpaceX, Blue Origin, and others for a $5.6B multiple award contract. Stoke has also attracted $480M to date from investors like Bill Gates’ Breakthrough Energy Ventures, the University of Michigan, Y Combinator, and more.
* Indirectly owned; specifically, entitled to an economic interest in the underlying company through ownership of Special Purpose Vehicle (“SPV”) interests. See Footnote 3 for additional details.
Raised as of Jan. 2025: $844.14M (through Series D-1)
Notable Investors: Bill Gates’ Breakthrough Energy Ventures, University of Michigan, Y Combinator, Glade Brook Capital Partners
Leadership: Andrew Lapsa, Ph.D., Co-Founder & CEO; previously led engine programs at Blue Origin, and holds a Ph.D. in Aerospace Engineering from the University of Michigan and a B.S. from Cornell.
Press:
1. GeekWire: Uncommon Thinkers: Stoke Space CEO Andy Lapsa
2. Ars Technica: Rocket Report: Stoke is Stoked
3. TechCrucnh: Reusable Rocket Startup Stoke Raised Another Massive Round
The information above may not be accurate or complete and has not been independently verified. See footnote 12.
You can read more about Stoke Space here.
Harnessing AI to accelerate scenario planning across classified networks, Onebrief powers three of the Department of Defense’s four most significant operational plans and is trusted across U.S. Combatant Commands that oversee 85% of the Earth’s surface, as well as the Joint Staff and allied forces worldwide.
Raised as of Apr. 2025: $126.53M (through Series C-3)
Notable Investors: General Catalyst, Y Combinator, Insight Partners, Battery Ventures
Leadership: Grant Demaree, Co-Founder & CEO; former U.S. Army officer and West Point–trained dual-degree graduate in International Relations and Nuclear Engineering.
Press:
1. Axios: Onebrief CEO Grant Demaree Wants To Make Military Staff “Superhuman”
2. Business Insider: The Pitch Deck Onebrief Used to Raise New Cash at a $1.1B Valuation
3. Business Wire: Onebrief Expands Leadership Team with Esteemed Government Relations Expert Molly Wilkinson
The information above may not be accurate or complete and has not been independently verified. See footnote 12.
You can read more about OneBrief here.
RegScale automates compliance and security monitoring so companies can stay continuously audit-ready and strengthen cybersecurity. After tripling ARR in the last year, RegScale has attracted numerous industry awards, as well as support from Microsoft’s Startups Pegasus Program and the U.S. Department of Homeland Security. After raising a $20M Series A in 2022, the company just announced an oversubscribed $30M Series B, with participation from M12 (Microsoft’s Venture Fund), Hitachi Ventures, and others.
* Indirectly owned; specifically, entitled to an economic interest in the underlying company through ownership of SPV interests. See footnote 3 for additional details.
Raised as of Feb. 2024: $32.47M (though Series A-1)
Notable Investors: Secure Octane, SineWave Ventures, SYN Ventures
Leadership: Led by co-founder Travis Howerton (former CTO of the U.S. nuclear weapons program; ex-Oak Ridge National Lab)
Press:
1. PR Newswire: RegScale and Cyber Risk Institute Collaborate to Transform Financial Risk and Compliance Management
2. Channel Insider: RegScale CRO on Channel Growth in Risk & Compliance
3. WashingtonExec: Top Public Sector Leaders to Watch: RegScale’s Steven A. Coles13 Anti-Aging Startups on a Mission To Extend Lives
The information above may not be accurate or complete and has not been independently verified. See footnote 12.
You can read more about RegScale here.
Gecko Robotics provides robotics and inspection services, particularly for industrial applications. Gecko's complete and connected solutions combine wall-climbing robots, industry-leading sensors, and an AI-powered data platform to provide customers with a unique window into the current and future health of their physical assets. The company has raised $347M to date from investors like USIT, XN, Founders Fund, and Y Combinator. That includes a $125M Series D announced in June, which carried an estimated $1.25B valuation.
Valuations referenced are from private placements and do not represent a public-market price. These securities are illiquid, and any future trading, if available, may occur at materially lower prices than these valuations. This information was reported by a third party and has not been publicly confirmed by the company involved or independently verified by StartEngine Primary, LLC. See footnote 12 for additional info.
Raised as of Jun. 2025: $349.00M (through Series D-1)
Notable Investors: USIT, XN, Founders Fund, Y Combinator
Leadership: Jake Loosararian, CEO & Co-Founder, scaled Gecko from a Carnegie Mellon University project to an est. $1.25B+ robotics company.
Press:
1. World Economic Forum: Bridging AI's 'woeful' data gap can save lives and tackle climate change: Gecko Robotics
2. Marine News: BPMI, Gecko Robotics Partner to Accelerate Aircraft Carrier Component Production
3. The Business Journals: Gecko Robotics partners with U.S. Steel to explore AI-driven infrastructure analysis
The information above may not be accurate or complete and has not been independently verified. See footnote 12.
You can read more about Gecko Robotics here.
Minimum Investment $17,548.48
When I do invest, what am I purchasing?
Any investment you do make will be for membership interests in the A.I. Nexus Fund (Series 8-1 of StartEngine Private Funds LLC) which will own shares or fractional interests in Convertible Interest Rights Agreements of the underlying companies either directly or indirectly. You will not be investing in the underlying companies themselves.
How much of my investment will be allocated to each underlying company?
29% will be allocated to Perplexity AI, Inc.**
8% will be allocated to Cerebras Systems, Inc.
18% will be allocated to SambaNova Systems Inc.
7% will be allocated to Agility Robotics, Inc.**
16% will be allocated to Stoke Space Technologies, Inc.**
10% will be allocated to OneBrief Inc.
5% will be allocated to RegScale, Inc.**
7% will be allocated to Gecko Robotics, Inc.
The allocation percentages may slightly change based on how much capital will be raised for the fund. Some of the allocations might not have direct share ownership based on the transfer restrictions out of our control, however, the fund will be a direct beneficiary.
** Indirectly owned; specifically, entitled to an economic interest in the underlying company through ownership of Special Purpose Vehicle (“SPV”) interests. See Footnote 3 for additional details.
This list represents the fund's composition assuming it reaches its maximum investment amount. If the fund does not reach its maximum investment amount, the actual amounts will vary in proportion to their percentage makeup as depicted in the Terms section.
What’s a series limited liability company or series LLC, you ask?
StartEngine Private Funds is the primary or “parent” LLC that comprises one or more distinct series of interest for each underlying asset. The series either directly or indirectly invests in and holds shares of the underlying companies. Each series will be a separate series and not a separate legal entity. Under Delaware law, if certain conditions are met, the liability of investors holding one series of interests is segregated from the liability of investors holding another series of interests and the assets of one series of interests are not available to satisfy the liabilities of other series of interests. In the case of StartEngine Private each series will be created for the purpose of holding an equity interest in stated underlying companies.
How do you determine the share price?
The series of StartEngine Private Funds purchases the underlying securities from an affiliate. The affiliate previously sourced and negotiated the terms to purchase these underlying securities from third parties. The amount paid by the series of the StartEngine Private Funds is higher than the price the affiliate purchased the securities previously in the secondary market. We also note that while StartEngine Advisers LLC does not impose any continuing management fee expenses, there is a carried interest of 20 percent associated with the investment in our series, and therefore to the extent the securities appreciate in value there will not be a one-to-one economic parity between the share value of the StartEngine Private shares and the underlying companies’ shares. Please read the “Risk Factors,'' which is included as Exhibit B to the subscription agreement for further details.
What happens to my investment when an underlying company has a liquidity event?
In the event that an underlying company experiences a liquidity event, after the relevant holding period is over, the proceeds from the sale of the shares will be distributed to investors, minus any applicable fund operating expenses or carried interest. Holding period length varies from company to company.
TERMS
| Company | Type of Share | Up to Total $ | Affiliate Acquisition PPS | Fund PPS* | Up to Shares | Allocation of Funds |
|---|---|---|---|---|---|---|
| Perplexity AI, Inc.** | Special Purpose Vehicle (“SPV”) interests with indirect economic interests in Series A-4 Preferred shares | $553,854.70 | $661.21 | $697.55 | 794 | 29% |
| Cerebras Systems, Inc. | Common shares | $150,005.00 | $33.00 | $47.50 | 3,158 | 8% |
| SambaNova Systems Inc. | Common shares | $350,000.00 | $17.00 | $40.00 | 8,750 | 18% |
| Agility Robotics, Inc.** | Special Purpose Vehicle (“SPV”) interests with indirect economic interests in Series C-3 Preferred shares | $125,055.00 | $72.77 | $105.00 | 1,191 | 7% |
| Stoke Space Technologies, Inc.** | Special Purpose Vehicle (“SPV”) interests with indirect economic interests in Series D Preferred shares | $300,000.00 | $34.14 | $50.00 | 6,000 | 16% |
| OneBrief Inc. | Common Shares | $187,500.00 | $50.00 | $75.00 | 2,500 | 10% |
| RegScale, Inc.** | Special Purpose Vehicle (“SPV”) interests with indirect economic interests in Series B Preferred shares | $100,000.00 | $3.24 | $5.00 | 20,000 | 5% |
| Gecko Robotics, Inc. | Common Shares | $125,000.00 | $43.65 | $62.50 | 2,000 | 7% |
This chart represents the fund's composition assuming it reaches its maximum investment amount. If the fund does not reach its maximum investment amount, the actual amounts will vary in proportion to their percentage makeup as depicted in the chart.
The value of the offered interests may not be directly equivalent to those of the existing shares of the underlying companies and may have differing material rights. The carried interest fee of 20% has been waived for this Series. For securities where the underlying economic interests are through an SPV, there may be additional economic costs related to the ownership through this structure. This offering is not eligible for any bonus shares. Any reference to bonus shares or similar terms should not be interpreted as an offer or entitled to bonus shares.
The allocation percentages may slightly change based on how much capital will be raised for the fund. Some of the allocations might not have direct share ownership based on the transfer restrictions out of our control, however, the fund will be a direct beneficiary.
*The amount paid by the A.I. Nexus Fund for the portfolio company securities is higher than the price StartEngine Crowdfunding Inc. previously paid for the securities in the secondary market.
** See Footnote 3 for additional details.
DISCLAIMERS
1. The underlying companies are not participating or involved in this offering and the availability of company information does not indicate endorsement, support, or involvement with StartEngine Private LLC or its affiliates. StartEngine Private LLC purchases shares from current and former employees, early investors, and advisors of the companies. When investing in a company on StartEngine Private, you are purchasing an interest in a series of StartEngine Private Funds LLC, a Delaware limited liability company (the “Series LLC”), which was created to hold shares of privately held companies. An investor will not directly own or hold shares of the underlying companies but instead will own member interests in a series of the Series LLC, which may directly or indirectly hold shares in the companies. There may not be a one-to-one economic parity on the value of the Series LLC interests and the underlying shares.
This is a Regulation D, Rule 506(c) offering, available only to accredited investors. It is speculative and illiquid, and investors should be prepared to hold the securities indefinitely and may lose their entire investment.
StartEngine Advisers LLC manages the Series LLC and reports as an exempt reporting advisor (“ERA”) to the Securities and Exchange Commission, an advisor not required to register as a registered investment advisor.
The underlying securities of A.I. Nexus Fund are subject to restrictions on transferability and resale. As such, the underlying companies have the first right to purchase the securities should A.I. Nexus Fund wish to sell or transfer them. These restrictions may limit A.I. Nexus Fund’s ability to dispose of the securities.
Expenses, including transaction, brokerage, administration, insurance, extraordinary, and disposal costs, will be the responsibility of A.I. Nexus Fund. These expenses may reduce the amount you receive from a liquidation or distribution event. Additionally, StartEngine Primary LLC representatives may receive commissions in connection with this offering, including for recommending investments to accredited investors.
Neither StartEngine nor its affiliates provide investment, legal, or tax advice. Investors should carefully review all offering documents, including the subscription agreement and risk disclosures, and consult their own financial, legal, and tax advisors before investing.
2. Unless otherwise indicated, the information on this webpage and our marketing materials for A.I. Nexus Fund is sourced from Pitch Book and Forge Intelligence as of October 17, 2025, which maintain records of funding rounds and valuations. Because company information is sourced from publicly available information, we do not guarantee their accuracy or completeness of this information, which may be subject to errors, omissions, or changes over time, and it has not been independently verified by us or any of our affiliates. This information should not be considered financial or investment advice.
3. StartEngine Private Funds LLC (the “Series LLC”) holds economic interests of Groq, Saildrone, RegScale, Medallion, and Agility Robotics through indirect ownership via Special Purpose Vehicle (SPV) interests. There may not be a one-to-one economic parity on the value of the Series LLC interests and the underlying shares.
4. Perplexity AI Sources: Kaustubh Bagalkote, “Jeff Bezos-Backed Perplexity Raises $500 Million, Tripling Its Valuation To $9 Billion As Competition With Google And OpenAI Heats Up,” Benzinga, December 19, 2024; Kyle Wiggers, “Perplexity Says It’s Now Serving 100M Search Queries a Week,” TechCrunch, October 25, 2024; Duncan Riley, “Perplexity Reportedly Seeking New Funding on $20B Valuation One Month After $100M Raise,” SiliconANGLE, August 13, 2025; Akash Sriram, “AI Startup Perplexity Makes Bold $34.5 Billion Bid for Google’s Chrome Browser,” Reuters, August 13, 2025; Forge Global, “Perplexity IPO,” Webpage, Accessed August 21, 2025; Aisha Malik, “Perplexity Received 780 Million Queries Last Month, CEO Says,” TechCrunch, June 5, 2025
5. Cerebras Systems Sources: PitchBook, “Cerebras General Information,” Web Page, Accessed October 2, 2025; Cerebras, “Cerebras Launches Qwen3-235B: World's Fastest Frontier AI Model with Full 131K Context Support,” Blog, July 8, 2025; Jordan Novet, “AI Chip Company Cerebras Raises $1 Billion in Pre-IPO Funding Round,” CNBC, September 30, 2025; Mesh Flinders & Ian Smalley, “What Is AI Inference?,” IBM, June 18, 2024; Kyt Dotson, “Cerebras Delivers Blazing Speed for OpenAI’s New Open-Model With 3,000 Tokens per Second,” SiliconANGLE, August 5, 2025; Forge Global, “Cerebras: Company Details,” Web Page, Accessed October 2, 2025; Cerebras, “Company,” Web Page, Accessed October 7, 2025. SeaMicro is a different company and at a different stage of valuation. This comparison does not imply Cerebras Systems, Inc. will reach the same valuation. Past performance and valuations of other companies are not indicative of future results of Cerebras Systems, Inc., and investors should not assume that investments in A.I. Nexus Fund (IRA) will increase in value.
6. SambaNova Systems Sources: Forge Global, “SambaNova Systems: Company Details,” Web Page, Accessed January 2024; Ron Miller, “New SambaNova Chip Designed to Handle 5 Trillion Parameter Model,” TechCrunch, September 19, 2023; Source: Matthias Bastian, “GPT-4 Has More Than a Trillion Parameters – Report,” The Decoder, March 25, 2023; Wayne Williams, “NVIDIA Rival Claims DeepSeek World Record As It Delivers Industry-First Performance With 95% Fewer Chips,” TechRadar Pro, February 20, 2025; Ingrid Lunden, “SambaNova Raises $676M at a $5.1B Valuation to Double Down on Cloud-Based AI Software for Enterprises,” TechCrunch, April 13, 2021; Chris Bowdon, “How Many Parameters Does GPT-5 Have?,” R-bloggers, August 25, 2025
7. Stoke Space Sources: Calvin Biesecker, “Rocket Lab, Stoke Space Nab Spots On National Security Space Launch Program,” Via Satellite, March 28, 2025; Chloe Aiello, “Bill Gates-Backed Stoke Space Lands $260 Million to Build Out a Fully Reusable Rocket,” Inc., January 17, 2025; Stoke Space, “Nova: Engineered for Full and Rapid Reuse,” Web Page, Accessed October 3, 2025; PitchBook, “Stoke Space Overview,” Web Page, Accessed October 3, 2025; Andrew Jones, “U.S. Space Force Picks Rocket Lab and Stoke Space to Compete for National Security Launches,” Space, April 2, 2025; Aaron McCrea, “Blue Origin, Relativity Space, Stoke Space, and More All Completing Major Upgrades at Cape Canaveral,” NASASpaceflight, July 18, 2025
8. Agility Robotics Sources: Marcus Law, “How Agility Robotics is Expanding Digit's Capabilities,” Technology Magazine, April 2, 2025; Kyra Buckley, “Oregon Facility Builds and Tests Humanlike Robot ‘Digit’,” Oregon Public Broadcasting, May 9, 2025; Forge Global, “Agility Robotics IPO,” Webpage, Accessed August 18, 2025; Kurt Schlosser, “Agility Robotics Reportedly Raising $400M for Humanoid Warehouse Robots,” GeekWire, April 1, 2025; David Greenfield, “Agility Robotics' Digit Shows Promise in Line-Side Operations with New ISO Safety Standard on the Horizon,” AutomationWorld, July 30, 2025
9. Onebrief Sources: Crunchbase, “Onebrief: Overview,” Web Page, Accessed September 18, 2025; Paul Kwan, et al., “Our Investment in Onebrief,” General Catalyst, January 28, 2025; Onebrief, “Onebrief Raises Total of $103M to Transform Military Staffs,” Press Release, February 10, 2025
10. RegScale Sources: Vanta, “Everything You Should Know About Continuous Controls Monitoring (CCM),” Cloud Security Alliance, August 21, 2024; RegScale, “RegScale Triples ARR, Achieves FedRAMP High, and Accelerates Federal and Commercial Adoption,” PR Newswire, July 22, 2025; RegScale, “RegScale Wins 2024 CyberSecurity Breakthrough Award for Compliance Software Solution Provider of the Year and NVTC Cyber50 Award,” PR Newswire, October 11, 2024; Esty Peskowitz, “RegScale Has Been Selected to Join the Microsoft for Startups Pegasus Program,” RegScale Blog, March 13, 2024; RegScale, “RegScale Achieves FedRAMP High Authorization with U.S. Department of Homeland Security as Agency Sponsor,” PR Newswire, June 26, 2025; Michaela Althouse, “Just 8 Months After Its Founding, Compliance Tech Startup RegScale Raised a $20M Series A,” Technically Media, August 2, 2022; Amit Chowdhry, “RegScale: Over $30 Million Secured For Transforming Cyber GRC For Highly Regulated Industries,” Pulse 2.0, September 22, 2025
11. Gecko Robotics Sources: Crunchbase, “Gecko Robotics,” Webpage, Accessed August 21, 2025; Ian Thomas, “Gecko Robotics Raises $125 Million in Deal Valuing Critical Infrastructure Startup Over $1 Billion,” CNBC, June 12, 2025; Forge Global, “Gecko Robotics IPO,” Webpage, Accessed August 21, 2025; Tom Huddleston Jr., “34-Year-Old Built a $1.3 Billion Business After Working 100-Hour Weeks To Keep It Alive: I Got There by ‘Going Through Hell’,” CNBC, July 10, 2025
12. The links provided are for informational purposes only. Their presence does not imply endorsement, and the accuracy or completeness of the information presented cannot be guaranteed.
THIS WEBPAGE MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE UNDERLYING COMPANIES WHOSE SECURITIES MAKE UP THIS FUND, THEIR BUSINESS PLAN AND STRATEGY, AND THEIR INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE FUND’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT THIRD PARTY VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.