The tender alleviates employees' liquidity concerns, temporarily removing one of the forces that could have pushed the AI and data analytics company to finally IPO.
The employee liquidity event values the digital bank 53% above its November 2025 tender offer, with the final sale size undisclosed.
Founded in 2014, Sanar provides medical education and training for students and healthcare professionals across Brazil.
The AI-powered coding platform raised $400 million in March at a $9 billion valuation, nearly three times its level six months earlier.
The secondary share sale reportedly values the defense tech company at $90 billion.
The firm will reportedly pay about $350 million for a 40% interest, implying an equity valuation of roughly $875 million for the Israeli camouflage technology manufacturer.
The employee and early investor auction valued the workplace trust company at over £100 million and marked the third transaction conducted under the PISCES framework.
Existing investors in the German robotics startup, including Sequoia and Lightspeed, participated alongside new backers.
The $300 million secondary share sale was led by Wellington and T. Rowe Price and brought in new investors, including EQT, Goldman Sachs, and Sapphire Ventures.
The deal takes liquidity generated for employees and investors to roughly $220 million in just over a year.
