Sands Capital

Tracked participation in 7 Atlas companies, with 1 explicitly attributed lead.

7portfolio companies

9round participations

1lead positions

$1.5Bled round total

Conviction

Most recent leads

The latest rounds this investor is sourced as leading, newest first.

Aug 2024AndurilSeries F$1.5Bat $14B valuation

Capital activity

Portfolio

CompanyLatest valuationFirst → latestRoundsRoleAttributed partner

OOpenAIFrontierOpenAI is an AI research and deployment company focused on building safe and beneficial artificial general…$852Bvaluation$291.6BraisedRecent roundsIssuer tender / employee stock tender (secondary liquidity; self-funded buyback) · Aug 2026$7Bcommitted capital funding round (latest) · Mar 2026$122B · Altimeter, Amazon +26Primary funding round (committed capital) · Feb 2026$110B · Amazon, Microsoft +2OpenAI$852BMar 2026 → Mar 20261 roundParticipant—

LLegora$5.6BMar 2026 → Mar 20261 roundParticipant—

AAnthropic$380BFeb 2026 → Feb 20261 roundParticipant—

PPolyAI$750MSep 2021 → Dec 20253 roundsParticipant—

DDatabricks$62BDec 2024 → Dec 20241 roundParticipant—

AAnduril$14BAug 2024 → Aug 20241 round1 led—

BBaseten$13B— → —1 roundParticipant—

DateCompanyRoundRaisedValuationRoleEvidence

Mar 31, 2026OOpenAIFrontierOpenAI is an AI research and deployment company focused on building safe and beneficial artificial general…$852Bvaluation$291.6BraisedRecent roundsIssuer tender / employee stock tender (secondary liquidity; self-funded buyback) · Aug 2026$7Bcommitted capital funding round (latest) · Mar 2026$122B · Altimeter, Amazon +26Primary funding round (committed capital) · Feb 2026$110B · Amazon, Microsoft +2OpenAIcommitted capital funding round (latest)$122B$852BParticipant