Technology Private Placement and M&A Transactions Review Week Ending August 4, 2024

Cosm: The company received $250 million of development capital from Bolt Ventures, Avenue Capital Group, Mirasol Capital, Baillie Gifford and Rock Ventures on July 31, 2024. The company is a global technology company that builds end-to-end solutions for immersive experiences.

Gloo: The company raised $110 million of venture funding from undisclosed investors on July 31, 2024. The company is a developer of a digital and social engagement platform designed to manage the development cycle for organizations.

Rhombus Systems: The company raised $45 million of Series C venture funding in a deal led by NightDragon on July 30, 2024, putting the company’s pre-money valuation at $332 million. Tru Arrow Partners, Bluestone Equity Partners, Cota Capital, Uncorrelated Ventures and Caden Capital Partners also participated in the round. The company is a developer of an enterprise security platform designed for workspaces and organizations.

Trio Mobil: The company raised $26.5 million of venture funding in a deal led by NewSpring Capital on July 29, 2024. TIBA and 212 also participated in the round. The company is a developer of a workplace safety software designed to prevent accidents and improve efficiency in industrial operations.

Midnight Society: The company raised $24 million of venture funding from undisclosed investors on July 31, 2024. The company is an operator of a video game design studio for online multiplayer games.

Credo AI: The company raised $21 million of Series A1 venture funding in a deal led by Mozilla Ventures, FPV Ventures and CrimsoNox Capital on July 30, 2024, putting the company’s pre-money valuation at $82 million. Booz Allen Ventures, Sands Capital, Decibel Partners, and AI Fund also participated in the round. The company is a developer of an AI governance platform designed to automate artificial intelligence oversight and risk management.

OnePak: The company received $20 million of development capital from Nuveen and other undisclosed investors on July 31, 2024. The company is a developer of an online logistics platform intended to connect clients with businesses that reuse, repair, resell or recycle used or returned products.

Apogee Semiconductor: The company raised $13.8 million of venture funding from undisclosed investors on July 30, 2024. The company is an operator of a semiconductor manufacturing business intended to offer radiation-hardened power, analog and mixed-signal semiconductors.

Teamworks: The company raised $12.4 million of venture funding from undisclosed investors on July 31, 2024. The company is a developer of an athlete engagement application for sports team management.

Canvas: The company raised $11.8 million of Series A1 venture funding in a deal led by Mendoza Ventures and eCoast Angels on August 2, 2024. Early Light Ventures also participated in the round. The company is a developer of a content and collaboration platform for 2D and 3D modeling.

Hyperbolic Network: The company raised $7 million of venture funding in a deal led by Polychain Capital and Faction on July 30, 2024. Digital Republic, CoinSummer Labs, Third Earth Capital, Bankless Ventures, LongHash Ventures, Chapter One, Balaji Srinivasan, Illia Polosukhin and Sandeep Nailwal also participated in the round. The company is an operator of an open-source platform for AI development.

Obvio: The company raised $6.7 million of venture funding from undisclosed investors on July 29, 2024. The company is a developer of solar-powered AI cameras intended to detect driving violations.

Bee AI: The company raised $7 million of venture funding in a deal led by Exor on July 29, 2024. Greycroft, New Wave VC, Banana Capital, Brian Bedol and Esther Crawford also participated in the round. The company is a developer of a wearable AI powered personal assistant device.

eTopus: The company raised an undisclosed amount of Series B venture funding from Shangqi Capital on August 1, 2024. The company is a developer of high performance, DSP-based, mixed-signal, ultra-high speed semiconductor interconnect solutions.

Scope: The company raised an undisclosed amount of venture funding from Soma Capital, Susa Ventures, and SignalFire in August 2024. Syndicate One, Aman Khan, Charlie Songhurst, and Matthew Clifford also participated in the round. The company is a developer of an AI-based inspection automation platform designed to write error-free test, audit, and inspection reports.

Semasio: The company raised an undisclosed amount of venture funding from Sol Global Investments in August 2024. The company is a developer of a cloud-based advertising platform designed to segment target group profiles for advertisers.

Vero: The company raised an undisclosed amount of venture funding from Sol Global Investments in August 2024. The company is a developer of an information technology company designed for mobile applications, social media, and online media.

Character.ai / Alphabet: The company was acquired by Alphabet for $2.5 billion on August 3, 2024. The company is a developer of open-ended conversational applications designed to build dialog agents.

Ghost Robotics / LIG Nex1: The company was acquired by LIG Nex1, a subsidiary of LIG , for $240 million on July 29, 2024. The company is a manufacturer of legged robots intended to be used in military, industrial, mining, energy, public safety, and last-mile delivery applications.

AutoZoom / Dealio Technologies: The company was acquired by Dealio Technologies for an undisclosed amount on August 2, 2024. The company is a developer a web-based scoring and analytics system for the buy-here, pay-here industry.

Babbly / Zoundream: The company was acquired by Zoundream for an undisclosed amount on July 31, 2024. The company is a developer of an artificial intelligence-powered infant monitoring platform designed to track a child’s speech and development.

Dooly / Mediafly: The company was acquired by Mediafly, via its financial sponsors BIP Ventures, Boathouse Capital, Keiretsu Forum, The Riverside Company and Tola Capital, through an LBO on August 1, 2024 for an undisclosed amount. The company is a developer of workbook software intended to update and organize workflow systems in real-time.

FactoryPal / Valmet: The company, a subsidiary of Körber Digital, was acquired by Valmet for an undisclosed amount on August 1, 2024. The company is a developer of a technology platform designed to improve operational shopfloor performance.

Fascinate Productions / ZOE: The company was acquired by ZOE for an undisclosed amount on July 30, 2024. The company is an operator of a digital content creation and promotion business based in London, England.

Freyspiel / Funke Works: The company was acquired by Funke Works for an undisclosed amount on July 29, 2024. The company is a developer of board games intended for marketing, advertising or educational purposes.

Lucent / Tipmefast: The company was acquired by Tipmefast for an undisclosed amount on August 1, 2024. The company is a developer of a business productivity software catering to the AI infrastructure industry.

Memorable / Reddit: The company was acquired by Reddit, a subsidiary of Advance Publications, for an undisclosed amount on August 1, 2024. The company is a developer of an AI-based creative optimization platform intended to leverage brain-inspired deep learning models to predict the cognitive impact of videos and images.

One of Us / Basilic Fly Studio: The company was acquired by Basilic Fly Studio for an undisclosed amount on July 30, 2024. The company is an operator of a visual effects studio intended for design and collaboration.

PeerDB / ClickHouse: The company was acquired by ClickHouse for an undisclosed amount on July 30, 2024. The company is a developer of a data movement platform intended to offer fast and cost-effective data replication to clients.

Screena / ThetaRay: The company was acquired by ThetaRay for an undisclosed amount on July 30, 2024. The company is a developer of a cloud-screening system designed to match names and verify identities.

Shore / group.one: The company was acquired by group.one, via its financial sponsors Ontario Teachers’ Pension Plan and Cinven, through an LBO on July 31, 2024 for an undisclosed amount. The company is a developer of a cloud-based appointment booking and scheduling platform.

StackShare / FOSSA: The company was acquired by FOSSA for an undisclosed amount on August 1, 2024. The company is a tech stack intelligence platform and community resource that helps developers, enterprise architects, and CTOs make data-driven technology decisions.

SupplyPike / SPS Commerce: The company was acquired by SPS Commerce for an an estimated $206 million on August 1, 2024. The company is a developer of cloud-based software designed for supply chain management.

THEO Technologies / Dolby Laboratories: The company was acquired by Dolby Laboratories for an undisclosed amount on July 31, 2024. The company is a developer of universal video playback technologies.

TorchPro / Shift Group: The company was acquired by Shift Group for an undisclosed amount on July 31, 2024. The company is an operator of a digital sports media business intended for athletes to share their experiences.

Tinkerlist / EVS: EVS announced a strategic investment in TinkerList, a Belgian based live media broadcasting company.

Source: Pitchbook Data, Inc.