Technology Private Placement and M&A Transactions Review Week Ending September 10, 2023

Imbue: The company raised $200 million of Series B venture funding in a deal led by Astera Institute on September 7, 2023, putting the company’s pre-money valuation at an estimated $800 million. Nvidia, Kyle Vogt, Simon Last, and other undisclosed investors also participated in the round. The company is an operator of AI systems designed to reason and code-imbue computers with intelligence and human values.

Waste Robotics: The company raised CAD 10 million of venture funding from Fondaction and Mirova on September 7, 2023. The company’s robots integrate advanced waste handling processes, computer vision, deep learning algorithms, and artificial intelligence to execute the processing of organic matter, construction and demolition waste, and recyclable materials.

DeGirum: The company raised $7 million of venture funding in the form of SAFE notes from undisclosed investors on September 7, 2023. The company is a developer of artificial intelligence hardware and software infrastructure designed to accelerate the adoption of AI at the edge.

Amplyfi: The company raised GBP 4.6 million of venture funding from Cardiff Capital Region and other undisclosed investors on September 6, 2023, putting the company’s pre-money valuation at GBP 5.1 million. The company’s technology transforms how organizations gather business intelligence and conduct market research by replacing traditional analytical methods with artificial intelligence technologies.

knode: The company raised an undisclosed amount of venture funding from Global Founders Capital, Flybridge and Greylock Partners on September 7, 2023. Ambush Capital, 2.12 Angels, G20 Ventures, Sparkle Ventures, ACME Capital, Picus Capital, TTV Capital and Road Capital Management also participated in the round. The company is a developer of an AI-based task automation and knowledge management platform intended to improve employee productivity.

SmartShift: The company received an undisclosed amount of development capital from Ridgemont Equity Partners on September 6, 2023. The company is a developer of cloud computing software and systems designed to assist customers in their digital transformation using automation technology.

Younite-AI: The company received an undisclosed amount of development capital from Bocap on September 7, 2023. The company is a developer of intelligent tools for the next generation of artificial intelligence (AI) and extended reality (XR) based digital products and systems.

Round Hill Music / Concord Music: The company reached a definitive agreement to be acquired by Concord Music, via its financial sponsor Great Mountain Partners, through a $469 million LBO on September 8, 2023. Round Hill Music Royalty Fund Ltd is a UK-listed music rights management company.

Zapata AI / Andretti Acquisition: The company reached a definitive agreement to combine with Andretti Acquisition through a reverse merger, resulting in the combined entity trading on the New York Stock Exchange under the ticker symbol ZPTA on September 6, 2023. The company is a developer of a quantum algorithm platform designed to compose quantum workflows and orchestrate execution across classical and quantum technologies.

Fresh Relevance / DotDigital Group: The company reached a definitive agreement to be acquired by DotDigital Group for GBP 25 million on September 6, 2023. The company is an operator of a SaaS-based marketing technology platform intended to provide a personalized customer experience.

Clearpath Robotics / Rockwell Automation: The company reached a definitive agreement to be acquired by Rockwell Automation for an undisclosed amount on September 6, 2023. The company is a developer of self-driving technology intended to facilitate autonomous mobile robotics, and robot development, deployment, and operation.

CrowdAI / Saab: The company was acquired by Saab for an undisclosed amount on September 7, 2023. The company is a developer of an image recognition software intended to transform images into meaningful insights.

Kadiska / Netskope: The company was acquired by Netskope for an undisclosed amount on September 6, 2023. The company is a developer of a digital experience platform intended to enhance employee performance and business productivity.

Kandy Communications / Skyvera: The company, a subsidiary of American Virtual Cloud Technologies was acquired by Skyvera, a subsidiary of TelcoDR, on an undisclosed date. The company is a developer of a real-time software platform based in Westford, Massachusetts.

LeanIX / SAP: The company reached a definitive agreement to be acquired by SAP for an undisclosed amount on September 7, 2023. The company is a developer of a SaaS-based continuous transformation platform intended to reduce complexity in information technology.

MeetinVR / VR Owl: The company was acquired by VR Owl for an undisclosed amount on September 7, 2023. The company is a developer of a virtual reality workplace software designed to host professional meetings in virtual environments.

Midoki / Sumo Digital: The company was acquired by Sumo Digital, a subsidiary of Tencent Holdings, for an undisclosed amount on September 4, 2023. The company is an operator of a game development studio intended to create socially-connected games and deliver entertaining experiences to mobile users.

RAF Technology / Volaris: The company was acquired by Volaris for an undisclosed amount on September 05, 2023. The company is a developer of data capture and management software designed to extract data from different fonts and print styles.

Up2parts / Schaeffler: The company was acquired by Schaeffler for an undisclosed amount on September 7, 2023. The company is a developer of artificial intelligence-based software solutions for manufacturing designed to support small and medium-sized companies.