| Private Placement / Financing Transactions
Cinq Music Group: The company raised $250 million of venture funding from undisclosed investors on February 12, 2024. The company is a developer of a global music distribution and rights management platform.
Together: The company is in the process of raising $154 million of venture funding in a deal led by Salesforce Ventures, Anthropic, Hugging Face and Coherence Ventures on February 14, 2024, putting the company’s pre-money valuation at $846 million. The company is an operator of a technology services platform designed to provide a decentralized cloud for artificial intelligence.
Magic: The company raised $117.3 million of Series B venture funding in a deal led by Nat Friedman on February 15, 2024, putting the company’s pre-money valuation at $382.7 million. CapitalG, Elad Gil, Daniel Gross, and other undisclosed investors also participated in the round. The company is a developer of artificial intelligence software.
Point2: The company raised $44.6 million of Series B venture funding in a deal led by Molex, Bosch Ventures and GU Equity Partners on February 15, 2024. Samsung Securities, Time Folio Investment, Tigris Investment, K2 Investment Partners, Korea Omega Investment, KAIC TO Ventures, Shinhan Capital, Nautilus Venture Partners, Quantum Ventures Korea, Walden International, D3 Jubilee Partners and other undisclosed investors also participated in the round. The company is a developer of data connectivity solutions to meet the bandwidth requirements of 5G and cloud-based data centers.
Skylo: The company raised $37 million of venture funding in a deal led by Intel Capital and Innovation Endeavors on February 13, 2024. Next47, Samsung Catalyst Fund, Boeing, BMW i Ventures and Seraphim Space also participated in the round. The company is a developer of satellite network solutions for IoT connectivity.
Rasa: The company raised $30 million of Series C venture funding in a deal led by PayPal Ventures and StepStone Group on February 14, 2024. Basis Set Ventures, Accel and Andreessen Horowitz also participated in the round. The company is a developer of an open-source artificial intelligence platform.
Scribe: The company raised $25 million of Series B venture funding in a deal led by New York Life Ventures and Redpoint Ventures on February 15, 2024. XYZ Venture Capital, Tiger Global Management, Amplify Partners and other undisclosed investors also participated in the round. The company is a developer of a workflow documentation platform designed to analyze, optimize and standardize processes.
Partium: The company raised $10.8 million of venture funding from undisclosed investors on February 14, 2024. The company is a developer of an image recognition and visual search platform intended for part identification in complex industrial environments.
Helika: The company raised $8 million of Series A venture funding in a deal led by Pantera Capital on February 15, 2024. Diagram Ventures, Sfermion, Sparkle Ventures, StreamingFast, Marc Alloul, Spencer Tucker, and Damon Gura also participated in the round. The company is a developer of a web3 analytics and technology platform designed to drive engagement.
Rogo: The company raised $7 million of venture funding in a deal led by AlleyCorp on February 15, 2024. ScOp Venture Capital, BoxGroup and Company Ventures also participated in the round. The company is a developer of an artificial intelligence platform intended for financial institutions.
qBraid: The company raised an undisclosed amount of venture funding in a deal led by Future Labs Capital on February 13, 2024. The company is a developer of a quantum computing platform.
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