Vannevar Labs builds AI and software for defense and intelligence missions, including OSINT analysis, translation, and battlefield awareness tools.[1][4][6] It sells specialized SaaS products mainly to the U.S. Department of Defense and related agencies.[1]
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$575M
Series B, Jan 2023, Perplexity
UpMarket Estimate
$580M
Based on UpMarket valuation model
Previous Price
Series A 2021
How to Invest in Vannevar Labs Through UpMarket
Vannevar Labs shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Vannevar Labs offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Jan 2023
Series B
$575M
2021
Series A
2020
Seed
Vannevar Labs Revenue and Growth
Annual revenue
Why Investors Are Watching Vannevar Labs
Growth Signal
Vannevar Labs raised $75M Series B in January 2023
Vannevar Labs announced a $75M Series B on Jan. 18, 2023, led by Felicis with DFJ Growth and Aloft VC joining as new investors. The round brought total funding to over $90M and was said to support expansion of its Decrypt platform.
Market Opportunity
Defense tech spending can support large-scale platform growth
Vannevar Labs describes its mission as bringing modern Silicon Valley software to public servants protecting national security. The company’s rapid revenue scale-up was reported as moving from $3M to $80M, suggesting room for continued demand in defense software.
Competitive Moat
Vannevar Labs built investor support across multiple rounds
The company completed a $12M Series A in August 2021 and a $75M Series B in January 2023, with repeat backing from General Catalyst, Point72 Ventures, and Costanoa Ventures. That investor continuity can signal confidence in execution and product fit in a hard-to-serve national security market.
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No. As of March 2026, Vannevar Labs is a private company and does not trade on any public stock exchange. Accredited investors can access Vannevar Labs shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Vannevar Labs does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Vannevar Labs shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Vannevar Labs shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Vannevar Labs builds AI and software for defense and intelligence missions, generating about $80M in 2024 revenue, and raised $75M in its January 2023 Series B at a roughly $575M valuation — accredited investors can access Vannevar Labs stock through UpMarket.