According to CoinMeta, Lightspeed Venture Partners is seeking to extend the holding period of OpenAI and four other assets through a secondary transaction worth approximately $600 million, and to add a new investment commitment in Anthropic. This transaction, internally codenamed Project Mercury, involves two funds under Lightspeed namely Select V and Opportunity II, as well as an independently managed account. The related investments will be transferred into the continuation fund, while cash will be returned to existing investors. In addition to OpenAI, the assets proposed to be transferred also include Verkada, Rippling, Reflection AI, and Glean.