Latest news with #JavierAvalos
Yahoo
07-05-2025
- Business
- Yahoo
Caplight Awarded Patent for AI-Powered Pricing Feed To Improve Private Market Transparency
SAN FRANCISCO, May 6, 2025 /PRNewswire/ -- Caplight Technologies, an innovator in private market data and trading infrastructure, today announced the issuance of a patent by the United States Patent and Trademark Office protecting Caplight's proprietary method for estimating private company stock prices using secondary market transaction data. Caplight private company estimated pricing visualization. U.S. Patent No. 12,243,130 B2, titled "Data Interpolation Platform for Generating Predictive and Interpolated Pricing Data," grants Caplight exclusive rights to a proprietary method for estimating private company prices and valuations that includes aggregating private market data, generating price estimates, and visualizing them through an interactive interface. The patented technology powers Caplight MarketPriceTM and is used by private company investors, shareholders, and brokers to understand market-clearing price levels. "Lack of liquidity is one of the biggest challenges the venture capital ecosystem faces today. Accurate and timely pricing data is necessary for venture capital investors to make better-informed liquidity decisions," said Javier Avalos, Co-Founder and Chief Executive Officer. The issuance of this patent underscores Caplight's commitment to advancing private markets through technology innovation. "We're proud to be on the cutting edge of making venture capital more liquid. The technology covered by this patent removes an information asymmetry that prevented participants from accessing the secondary market previously," said Justin Moore, Co-founder and Chief Technology Officer. About Caplight Caplight Technologies, Inc. is a financial technology company providing data and liquidity solutions to the private market. The company's price discovery tools enable market participants to navigate venture capital with more confidence. Securities are offered through Caplight Markets LLC, member FINRA/SIPC, a wholly-owned subsidiary of Caplight Technologies, Inc. For inquiries, contact: contact@ Cision View original content to download multimedia: SOURCE Caplight
Boston Globe
12-03-2025
- Business
- Boston Globe
Elon Musk's private companies soar in secondary market since election
Recent xAI deal talks with investors suggest a valuation of $75 billion for the startup. Caplight estimated that, as of March 10, xAI traded in secondary markets at a value of $96 billion. The trading platform offers buyers access to these four Musk companies and Tesla in an 'Elon Musk Crossover Index.' Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Caplight Advertisement Caplight excluded Musk's X from its analysis because the social media platform has 'very limited' secondary market activity, according to Javier Avalos, Caplight's chief executive officer. Secondary transactions allow outside investors to buy into private companies, often after early employees or backers offload shares. They're becoming increasingly common in Silicon Valley as the largest venture-backed startups, such as SpaceX, hold off on public listings. Since secondary investors have scant access to financial figures, these share estimates are a better indicator of investor enthusiasm than business performance. Within Musk's empire, SpaceX, in particular, attracts investors 'willing to pay a premium to the company's latest tender offer price,' Avalos said. In Augment, another secondary trading platform, account holders could see that shares of SpaceX and xAI have more than doubled since the election, as of March 12. Not every company is hot. The Boring Company, Musk's tunneling enterprise, saw a decline of 7.8% in its value since the US election. Even without secondary markets, Musk has had little trouble drumming up investor interest in X. After stretches of advertiser withdrawals and financial tumult at X, including steep writedowns by Fidelity Investments, Bloomberg reported in February that the social network was in talks to raise additional funding for a valuation of $44 billion, the same price Musk paid in 2022 when it was called Twitter. Advertisement After President Trump's election, investors pumped up the price for Tesla, convinced Musk's relationship and administration role would boost the automaker's fortunes. But production difficulties and a backlash to Musk's job-cutting crusade at the Department of Government Efficiency (DOGE) have erased Tesla's post-election gains. In private markets, Musk can be selective about the investors who access his companies. A larger number of investors are able to gain exposure through special purpose vehicles, or SPVs. The mechanism allows investors to sell their access to other would-be backers — pooling capital from a number of sources. According to Caplight, SPVs represented 12% of the total secondary transaction volume the firm measured at the start of 2023. They accounted for 43% of the volume by the final quarter of 2024.
