Technology Private Placement and M&A Transactions Review Week Ending March 26 2023

Strangeworks: The company raised $29 million through a combination of Series A, and Series A1 venture funding in a deal led by Hitachi Ventures on March 21, 2023, putting the company’s pre-money valuation at $95 million. International Business Machines, RTX Ventures, Lightspeed Venture Partners, Raytheon Technologies , GreatPoint Ventures, Ecliptic Capital and Ultratech Capital Partners also participated in the round. The company is a developer of quantum computing software designed for probabilistic or nondeterministic computing.

Magic: The company raised $28.1 million of Series A venture funding in a combination of equity and debt in a deal led by CapitalG on March 22, 2023, putting the company’s pre-money valuation at $107 million. Amplify Partners, Elad Gil, Nat Friedman, and other undisclosed investors also participated in the round. The company is an AI software development business.

Hex: The company raised $28 million of venture funding in a deal led by Sequoia Capital on March 23, 2023. Snowflake(Database Software), Amplify Partners and Andreessen Horowitz also participated in the round. The company is a developer of a collaborative data workspace platform intended to streamline analytics workflows.

XXII: The company raised EUR 22 million of Series A venture funding through a combination of equity and debt in a deal led by Bpifrance on March 20, 2023. Bouygues Group and ETDE, CIB Développement, Groupe Duval, 574 Invest, Techmind, Kima Ventures and Société Nationale des Chemins de fer Français also participated in the round. The company is a developer of a video analysis platform designed for deploying and configuring algorithms for video stream analysis.

Numbers Station: The company raised $17.5 million of Series A venture funding in a deal led by Madrona Venture Group on March 20, 2023, putting the company’s pre-money valuation at $47.5 million. Firestreak Ventures, Norwest Venture Partners, Factory, Jeff Hammerbacher and other undisclosed investors also participated in the round. The company is a developer of an AI-powered platform designed to rapidly automate data-intensive workflows.

Sanas: The company raised $14.7 million of venture funding from undisclosed investors on March 23, 2023. The company is a developer of an accent matching software designed to reduce language barriers and accent mismatch while communicating.

Chargetrip: The company raised EUR 10 million of Series A venture funding in a deal led by HSBC Venture & Growth Investments on March 21, 2023. Riverstone Holdings, APX Axel Springer Porsche, Blue Bear Capital, and Vindeggen also participated in the round. The company is a developer of an API-based smart EV routing platform designed to offer smart navigation and predictive route planning for electric vehicles.

Coactive: The company raised $10.4 million of Series A venture funding from Andreessen Horowitz and Bessemer Venture Partners on March 21, 2023. The company is a developer of an application programming interface designed for unstructured image and video data.

Togal.AI: The company raised $5 million of venture funding in the form of SAFE notes in a deal led by Florida Funders on March 21, 2023, putting the company’s pre-money valuation at $45 million. Coastal Construction Company, Minitab, Medina Capital, The Goldman Sachs Group and Channel Angels also participated in the round. The company is a developer of analytical software designed to use machine learning technology to analyze blueprints.

LandVault: The company raised an undisclosed amount of venture funding from Gemini, HodlCo, and The Sand Box on March 23, 2023. Kingsway Capital and other undisclosed investors also participated in the round. The company is a developer and builder of Metaverse environments.

Nightdive / Atari: The company reached a definitive agreement to be acquired by Atari for $10 million on March 22, 2023. The company is a developer of three-dimensional video games designed to help users experience gameplay on mobile and computer devices.

5th Kind / Sohonet: The company was acquired by Sohonet, via its financial sponsor LDC, through an LBO on March 21, 2023 for an undisclosed amount. The company is a developer of a digital workflow management platform intended for studios, agencies, entertainment companies and consumer brands.

eConverse Media / Higher Logic: The company was acquired by Higher Logic, via its financial sponsor JMI Equity, through an LBO on March 21, 2023 for an undisclosed amount. The company is a provider of website management and advertising services based in Ontario, Canada.

ExtendSim / ANDRITZ: The company was acquired by ANDRITZ for an undisclosed amount on March 22, 2023. The company is a provider of simulation services intended to develop dynamic models of real-life processes in a wide variety of fields.

Flutura / Accenture: The company reached a definitive agreement to be acquired by Accenture for an undisclosed amount on March 21, 2023. The company is an operator of an industrial IoT platform intended to analyze data designed to power new business models for industrial machinery companies.

Rockable / Amaze Media Labs: The company was acquired by Amaze Media Labs for an undisclosed amount on March 24, 2023. The company is a provider of advertising and marketing services to podcasters based in New York.

ROW8 / Proxima Media: The company was acquired by Proxima Media for an undisclosed amount on March 22, 2023. The company is an operator of a streaming platform designed to provide video-on-demand movies.

sensemetrics / Worldsensing: The company, a subsidiary of Bentley Systems was acquired by Worldsensing for an undisclosed amount on March 22, 2023. The company is a developer of cloud-based software designed to centralize sensor data and provide real-time insight.

SIM Digital / Keslow Camera: The company reached a definitive agreement to be acquired by Keslow Camera for an undisclosed amount on March 24, 2023. The company is a provider of digital production equipment and workflow services intended for television and feature film industries.

Star Fort Games / Arctic7: The company was acquired by Arctic7 for an undisclosed amount on March 20, 2023. The company is a developer of mobile video game applications based in Ottawa, Canada.

Th3rd / Snap Group: The company was acquired by Snap Group for an undisclosed amount on March 25, 2023. The company is an operator of a 3D scan studio intended to create digital 3D counterparts of people and products.

Vibenomics / Mood Media: The company was acquired by Mood Media, via its financial sponsors Fidelitas Capital Partners and Vector Capital, through an LBO on March 21, 2023 for an undisclosed amount. The company is a provider of audio experience and advertising services for out-of-home marketing.