Templum and SoFi Expand Partnership, Two New Classes of Cosmos Fund: xAI and Databricks AI investments
Templum, the digital infrastructure powering the future of private markets through scale, access and automation, and SoFi, are extending their collaboration with Templum’s offering of two new investment opportunities under the Cosmos Fund – this time offering investors exposure to privately held shares of xAI and Databricks, two of the most prominent artificial intelligence companies in the world.
Following the demand for Templum’s previous Cosmos Fund offerings – starting with the initial Space Investment Class SPV – these two newest additions represent the next evolution in providing everyday investors with institutional-quality access to some of the most innovative private companies in the market today. The new xAI Class and Databricks Class funds will be accessible to eligible SoFi members through Templum One® from May 27 to June 12, 2025.
Meet the Companies Reshaping the Future in AI Investment
xAI, founded by Elon Musk, is building AI systems that “advance human comprehension and capabilities”. The company is behind ChatGPT rival, Grok, a conversational AI integrated with X (formerly Twitter) and has quickly become a critical player in the generative AI arms race. In a short time, xAI has assembled one of the most elite AI research teams in the world, drawing talent from DeepMind, OpenAI, and Tesla to accelerate its bold mission. xAI’s last funding round raised $6 billion from investors including A16Z, Fidelity, Morgan Stanley, and Sequoia Capital, among others[1], and recent reports suggest the company is now seeking an additional $20 billion[2] – a raise that would rank among the largest private funding rounds in history[3].
Databricks is a powerhouse in data and AI infrastructure, known for creating the open-source “data lakehouse” architecture and pioneering tools that help organizations unify data engineering, data science, and AI workflows. It powers over 10,000 organizations – including 60% of the Fortune 500 such as Block (formerly Square), Comcast, Condé Nast, Rivian and Shell[4] – and fuels mission-critical AI strategies across industries. Its recent acquisition of MosaicML, a cutting-edge platform for training large language models, marks a major step in Databricks’ ambition to democratize AI development[5] and lower the barrier to building custom generative models. With deep enterprise adoption, bold product innovation, and a rapidly growing AI ecosystem, Databricks is shaping how the next generation of companies build, deploy, and scale artificial intelligence.
Making Private Markets More Accessible
These new Cosmos Fund classes are structured to provide sole exposure to each company, allowing investors to target their interests in the AI sector. Templum seeks to redefine how private market investments are offered – making once-exclusive opportunities available to a new generation of investors.
“Access to private markets shouldn’t be reserved for large-scale institutional capital and the ultra-wealthy – especially not when it comes to the most transformative tech of our time,” said Christopher Pallotta, Founder and CEO of Templum. “With xAI and Databricks, we’re giving investors front-row seats to the AI revolution. These companies are shaping how the world will work, think, and build in the decades to come. Templum is proud to lead the way in making access to these types of investments possible.”
In addition to these latest offerings, additional opportunities accessible to SoFi Invest members through Templum One include:
Pomona Investment Fund – The Pomona Investment Fund is an evergreen fund that has an annualized return rate of 13.05% since inception in May 2015, and $1.9B in AUM as of January 1, 2025[6]. The fund uses a diversified investment strategy across multiple sectors, primarily acquiring positions in other private equity funds on the secondary market or through strategic co-investments directly in private companies. Investors in the fund have the opportunity to sell their holdings each quarter through the fund’s redemption program, allowing investors to choose the investment horizon that is right for them.
StepStone Private Markets Fund – The StepStone Private Markets Fund has produced an annualized return of 20.65% since inception in October 2020 and has $4.2B in AUM as of February 2025[7]. The fund invests inprivate equity, real assets, and private debt through a globally focused portfolio. Investors can obtain liquidity through the fund’s redemption program, empowering investors to manage the duration of their investment.
These offerings align with Templum’s mission to democratize private markets and are accessible to eligible SoFi members. These latest additions to the Templum One private markets ecosystem mark another milestone in Templum’s mission to make premier private market opportunities more accessible than ever, redefining access to institutional-quality private investments for a broader class of investors.
For more information and eligibility, visit www.templuminc.com or www.sofi.com.
2 Elon Musk’s xAI Holdings is in discussions to raise $20 billion – Bloomberg News
3 Musk’s xAI Holdings is reportedly raising the second-largest private funding round ever – TechCrunch
4 Databricks is the data and AI company
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About Templum
Enter the new frontier for private markets with Templum. As a solution partner, we provide full investment lifecycle technologies, automation, product access, and regulatory support configurable via white label, API, or hybrid deployments. The company’s offerings – Templum One Marketplace, Primary Issuance, Secondaries, and customizable “build-your-own” solutions – enable efficiencies in private market and alternative investment strategies for investment banks, broker-dealers, RIAs, wealth managers, fintechs, asset managers, issuers, and service providers. Templum equips firms to be successful by unifying the entire ecosystem and modernizing the underlying technology supporting it, enabling its partners to expand access to investment opportunities for a growing base of investors. The Company’s vision is to move capital markets forward, replacing the outdated infrastructure that has long constrained private market investing. Learn more at https://www.templuminc.com.
All securities offered by Templum Markets LLC, a wholly owned broker-dealer and Alternative Trading System (ATS) subsidiary of Templum, Inc. For more information, please visit https://www.templuminc.com
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About SoFi
SoFi Technologies (NASDAQ: SOFI) is a one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. Over 10 million members trust SoFi to borrow, save, spend, invest, and protect their money – all in one app – and get access to financial planners, exclusive experiences, and a thriving community. Fintechs, financial institutions, and brands use SoFi’s technology platform Galileo to build and manage innovative financial solutions across 158.4 million global accounts. For more information, visit www.sofi.com or download our iOS and Android apps.
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