Altimeter Capital

“Arda, a manufacturing AI startup led by ex-OpenAI exec Bob McGrew, raised $232m in Series A funding at a $1.5b valuation. Altimeter Capital, Accel and Khosla Ventures led, joined by Felicis, XYZ Venture Capital, and 8VC.”

“We had @elonmusk come here & say, 'I tend to agree with Dario. The risk is augmenting & we need to have independent peer review.'”

“There is a regulatory capture. So, 50 years ago... There was a race in Silicon Valley to see who could solve heart health. One path that people went down was to invent the stent. The other one was the calcium CT scanner. Who do you think won the lobby in Washington? The stent lobby won.”

“"Altimeter (24)"”

“Thrive's AI roll-up vehicle Thrive Holdings closed a $2 billion outside fundraise at a $12 billion valuation.”

“Josh Kushner's Thrive Holdings, which acquires businesses and integrates AI into them, secured a $2 billion round... at a $12 billion valuation.”

“A ~$300M Series A co-led by Altimeter, Andreessen Horowitz, Azora, and NVIDIA stands out because it finances AI compute like critical industrial capacity—pairing top-tier software capital with the chipmaker whose GPUs define the stack.”

“Volta Infra, a Singaporean AI cloud company, raised $300m at a $2.4b valuation and secured an additional $5b in financing. A16z and Altimeter Capital led, joined by Nvidia, Michael Dell, and Azora.”

“Brad was on the show two weeks ago... Brad was like, let me tell you why this is going to... He's holding on.”

“One positive good thing that happened on America's 250th birthday was Brad Gerstner's Trump accounts... could you talk about those and what that's offering children?”

“There are four seasons in AI. They're called OpenAI, Anthropic, SpaceX, and Google. So if you're a CIO, if you're a CEO, if you're about to make a multimillion, billion dollar decision of which lab to build your intelligence on, plan for the climate, not for the weather.”

“Baseten, the AI inference company powering advanced AI applications, announced a $1.5 billion Series F financing led by Altimeter Capital, Conviction, and Spark Capital.”

“His "Age of Inference" thesis is cited as a framing device for the current market moment”

“Brad Gersner thinks it's, you know, he says it's the age of inference and the companies that are going to be rewarded most now are downstream of that.”

“The real moat was the hundreds of workflows built around the system of record. Swapping meant rebuilding every workflow in the critical path, a cost that almost always exceeded the value of switching.”

“Average secondary bids reached 106% of NAV in Q1 2025 — the first premium since 2021 — after bottoming near 60% of NAV in 2022, signaling renewed structural demand, not saturation.”

“Cerebras, our shared portfolio company, has a gigawatt.”

“We invested pre-IPO at a billion dollars. We distributed the shares at three or four billion. And then it went to 50 billion over the course of the next 24 months.”

“Historically more money is made after IPO than before. Every single study shows that there is more money to be made, both in percentage and in what we care about, which is absolute.”

“Andrew is just one of these people, let's get back to work and build shit. — Brad Gerstner”

“I was just talking about this with my friend Brad Gerstner earlier...you can see how much the semiconductor industry has outperformed the index.”

“Anthropic has raised $65 billion in Series H funding at a $965 billion post-money valuation, led by insiders Altimeter, Dragoneer, Greenoaks, and Sequoia Capital... This is the largest 'venture capital' round of all time and sees Anthropic leapfrog rival OpenAI on valuation.”

“Brad Gerstner talks about this book, Essentialism. And I think we also have to adopt this idea of essentialism because you can't do it all.”

“I think it comes from a guy, an altimeter, Jamin Ball. But he just said, if you're a software company or an AI company of any kind, you have to be in the token path.”

“Sigma...raised an $80 million Series E round at a $3 billion valuation.”

“Anthropic has signed a term sheet at an expected post-money valuation of $930 billion, overtaking OpenAI's $852 billion for the first time.”

“For Greenoaks and Altimeter, Anthropic is becoming a very significant bet. Each firm has about $18 billion in total assets under management, making their latest investment in the AI lab just over 10% of their current respective AUM.”

“Anthropic signed a term sheet to raise $30b at a $900b pre-money valuation, per the FT. Participants include Greenoaks, Altimeter, Dragoneer, and Sequoia Capital.”

“Foundation Capital had a particularly impressive return on its investment: the firm put in only $36.8 million, which at Thursday's closing price would be a 129x multiple... Coatue and Altimeter were big growth investors but no longer make the 5% stakeholder cut off for the 2026 S-1.”

“The issue we had in 2000 was dark fiber. You had all this infrastructure being built out, and it wasn't being used. There's no dark GPUs today, as Brad Gerstner likes to say.”

“OpenAI — Raised $110B round with crossover investors Altimeter, Coatue, D.E. Shaw”

“I remember talking to Brad from Altimeter. You can tell there's a guy very dialed into — every position has an exit price. And it's a discipline that you need as a public investor.”