Week of September 4 – September 10, 2025
Quick Summary
Welcome back to This Week in the Index, where we’ll give a brief overview of what happened this week among Prime Unicorn Index components. Databricks raised $1B at a reported $100B valuation. Secondaries split (Rippling up; xAI, PsiQuantum down). Publics diverged — CoreWeave rallied; Figma slid. Index +2.3% WoW.
Primary Rounds & Filings
- Databricks: $1B Series K at $150/share (+62% vs. Series J at $92.50).
Secondary Transactions
- xAI: $36.56 → $35.52 (-2.8%)
- Rippling (multiple transactions): $52.00 → $54.00 (+3.8%)
- PsiQuantum*: $41.13 → $30.00 (-27.1%)
Public Components
- CoreWeave (CRWV): +30.3% to $117.14
- Circle (CRCL): -4.0% to $113.69
- Figma (FIG): -25.1% to $51.06
- Hinge Health* (HNGE): -2.2% to $56.16
Notable News
- Databricks crossed $4B ARR.
- Anthropic agreed to pay $1.5B to settle a copyright suit.
- CoreWeave launched a VC fund.
- Anduril signed a $1.13B contract with Australia for an autonomous undersea vehicle.
- Glossier* named a new CEO.
Index Performance
- The Prime Unicorn 30 closed at 173.13 on Sept 10, up 2.3% vs 169.19 on Sept 3
*These companies are components of the Prime Unicorn Composite Index, but are not included in the Prime Unicorn 30 Index.