SandboxAQ Katarzyna Lomnicka October 21, 2025 – 6 min read Share this post Deal Club Deal Club Private Equity: Inside the AI Unicorn Investment Landscape The artificial intelligence sector has emerged as the most dynamic frontier in private equity, with AI unicorns commanding unprecedented valuations and attracting billions in capital. An analysis of the top-tier AI unicorns reveals a landscape where innovation meets extraordinary financial opportunity, creating exclusive investment territories for sophisticated private equity players. By Katarzyna Lomnicka • 3 min read Deal Club CANVA Investment Tagline: Democratizing design through an intuitive platform serving over 200 million monthly active users worldwide IndustryMultimedia & Design SoftwareTotal Raised$4.5bn (as of Aug 25)HeadquartersSurry Hills, AustraliaLast Primary Valuation$42.0bn (as of Aug 25)Founded2012Caplight Valuation$45.1bn ABOUT CANVA Canva is a dynamic online design By Grzegorz Koscielniak • 3 min read Deal Club DISCORD Investment Tagline: Leading communication platform revolutionizing online communities with 150 million monthly active users IndustrySocial Media/CommunicationTotal Raised$1.1bn (as of Sep 21)HeadquartersSan Francisco, USALast Primary Valuation$14.7bn (as of Sep 21)Founded2012Caplight Valuation$6.4bn ABOUT DISCORD Discord is a versatile communication platform that brings people By Grzegorz Koscielniak • 4 min read papers Mistral AI’s Open-Source Offensive: A European Challenger in the Global AI Arms Race Mistral AI's Open-Source Revolution Mistral AI's Open-Source Revolution: Redefining the Global AI Race The global artificial intelligence sector is undergoing a structural shift as different development models compete for relevance and scale. French startup Mistral AI has positioned itself as a European challenger by emphasizing open-source By Grzegorz Koscielniak • 3 min read papers Altman’s Code Red: OpenAI Swaps AGI Moonshot for a ChatGPT Popularity Push OpenAI's Strategic Crossroads: AGI Ambitions vs. Market Reality OpenAI's Strategic Crossroads: AGI Ambitions vs. Market Reality The Internal Tug-of-War: Big Science vs. Mass-Market Success OpenAI is navigating a strategic tension that increasingly shapes its direction: whether to prioritize its long-term objective of artificial general intelligence (AGI) By Grzegorz Koscielniak • 4 min read papers $40 Billion Hype or Breakthrough? Inside Figure AI’s Robot Gold Rush Figure AI: The $40 Billion Robotics Revolution Figure AI: The $40 Billion Robotics Revolution Introduction: Robots at a Critical Crossroads Figure AI is a three-year-old robotics startup developing humanoid robots intended for industrial use, with longer-term ambitions that include deployment in consumer environments. The company is currently seeking to raise By Grzegorz Koscielniak • 4 min read papers Databricks Hits $4 Billion Revenue Run Rate, Scores $100 Billion Valuation in New $1 Billion Funding Round Rocketing Revenue: Databricks' $4 Billion Run Rate Databricks reported that it has reached an annual revenue run rate exceeding $4 billion as of July. An annual revenue run rate reflects the company’s current revenue pace projected over a twelve-month period and does not represent a forward-looking forecast or By Grzegorz Koscielniak • 3 min read papers SpaceX Ignites Wall Street Bake-Off as It Preps for a Blockbuster IPO SpaceX's Strategic Path to Public Markets: From Wall Street Competition to Market Leadership SpaceX has begun a competitive selection process among major Wall Street banks as it evaluates a potential initial public offering, according to people familiar with the matter. The so-called bank “bake-off” is a standard preparatory By Grzegorz Koscielniak • 3 min read papers Tesla Investors Back Elon Musk’s Record $1 Trillion “Moonshot” Pay Deal Tesla Shareholders Greenlight Elon Musk's Record-Breaking Pay Deal Tesla shareholders have approved a new long-term compensation package for Chief Executive Officer Elon Musk that could be worth up to $1 trillion in stock if all performance conditions are met. More than 75% of votes cast supported the proposal, By Grzegorz Koscielniak • 4 min read
Deal Club Deal Club Private Equity: Inside the AI Unicorn Investment Landscape The artificial intelligence sector has emerged as the most dynamic frontier in private equity, with AI unicorns commanding unprecedented valuations and attracting billions in capital. An analysis of the top-tier AI unicorns reveals a landscape where innovation meets extraordinary financial opportunity, creating exclusive investment territories for sophisticated private equity players. By Katarzyna Lomnicka • 3 min read
Deal Club CANVA Investment Tagline: Democratizing design through an intuitive platform serving over 200 million monthly active users worldwide IndustryMultimedia & Design SoftwareTotal Raised$4.5bn (as of Aug 25)HeadquartersSurry Hills, AustraliaLast Primary Valuation$42.0bn (as of Aug 25)Founded2012Caplight Valuation$45.1bn ABOUT CANVA Canva is a dynamic online design By Grzegorz Koscielniak • 3 min read
Deal Club DISCORD Investment Tagline: Leading communication platform revolutionizing online communities with 150 million monthly active users IndustrySocial Media/CommunicationTotal Raised$1.1bn (as of Sep 21)HeadquartersSan Francisco, USALast Primary Valuation$14.7bn (as of Sep 21)Founded2012Caplight Valuation$6.4bn ABOUT DISCORD Discord is a versatile communication platform that brings people By Grzegorz Koscielniak • 4 min read
papers Mistral AI’s Open-Source Offensive: A European Challenger in the Global AI Arms Race Mistral AI's Open-Source Revolution Mistral AI's Open-Source Revolution: Redefining the Global AI Race The global artificial intelligence sector is undergoing a structural shift as different development models compete for relevance and scale. French startup Mistral AI has positioned itself as a European challenger by emphasizing open-source By Grzegorz Koscielniak • 3 min read
papers Altman’s Code Red: OpenAI Swaps AGI Moonshot for a ChatGPT Popularity Push OpenAI's Strategic Crossroads: AGI Ambitions vs. Market Reality OpenAI's Strategic Crossroads: AGI Ambitions vs. Market Reality The Internal Tug-of-War: Big Science vs. Mass-Market Success OpenAI is navigating a strategic tension that increasingly shapes its direction: whether to prioritize its long-term objective of artificial general intelligence (AGI) By Grzegorz Koscielniak • 4 min read
papers $40 Billion Hype or Breakthrough? Inside Figure AI’s Robot Gold Rush Figure AI: The $40 Billion Robotics Revolution Figure AI: The $40 Billion Robotics Revolution Introduction: Robots at a Critical Crossroads Figure AI is a three-year-old robotics startup developing humanoid robots intended for industrial use, with longer-term ambitions that include deployment in consumer environments. The company is currently seeking to raise By Grzegorz Koscielniak • 4 min read
papers Databricks Hits $4 Billion Revenue Run Rate, Scores $100 Billion Valuation in New $1 Billion Funding Round Rocketing Revenue: Databricks' $4 Billion Run Rate Databricks reported that it has reached an annual revenue run rate exceeding $4 billion as of July. An annual revenue run rate reflects the company’s current revenue pace projected over a twelve-month period and does not represent a forward-looking forecast or By Grzegorz Koscielniak • 3 min read
papers SpaceX Ignites Wall Street Bake-Off as It Preps for a Blockbuster IPO SpaceX's Strategic Path to Public Markets: From Wall Street Competition to Market Leadership SpaceX has begun a competitive selection process among major Wall Street banks as it evaluates a potential initial public offering, according to people familiar with the matter. The so-called bank “bake-off” is a standard preparatory By Grzegorz Koscielniak • 3 min read
papers Tesla Investors Back Elon Musk’s Record $1 Trillion “Moonshot” Pay Deal Tesla Shareholders Greenlight Elon Musk's Record-Breaking Pay Deal Tesla shareholders have approved a new long-term compensation package for Chief Executive Officer Elon Musk that could be worth up to $1 trillion in stock if all performance conditions are met. More than 75% of votes cast supported the proposal, By Grzegorz Koscielniak • 4 min read
