Technology Private Placement and M&A Transactions Review Week Ending October 20, 2024

Observe: The company raised $145 million of Series B venture funding in a deal led by Evolution Equity Partners, Sutter Hill Ventures and Madrona Venture Group on October 15, 2024. Capital One Ventures, Snowflake Ventures, Chestnut Street Ventures, and Alumni Ventures also participated in the round. The company is a developer of an enterprise SaaS platform for cross-cloud application performance monitoring and management.

Decagon: The company raised $65 million of Series B venture funding in a deal led by Bain Capital Ventures on October 15, 2024. A* Capital, Accel, BOND Capital, ACME Capital and Elad Gil also participated in the round. The company is a developer of AI-powered customer support software.

Prorata.AI: The company raised $30.8 million of venture funding from Prime Movers Lab, Mayfield Fund and Revolution Ventures on October 15, 2024. IdeaLab Studio also participated in the round. The company is a developer of a generative AI platform designed to enable the alignment of usage and revenues between AI platforms and content owners.

Everstage: The company raised $30 million of Series B venture funding in a deal led by Eight Roads on October 16, 2024, putting the company’s pre-money valuation at $124.5 million. 3one4 Capital and Elevation Capital also participated in the round. The company’s platform provides real-time visibility and insights on sales performance and offers a gamified incentive experience.

Monogoto: The company raised $27 million of Series A venture funding in a deal led by Toyota Ventures on October 15, 2024. Singtel Innov8, Telefónica Ventures, Kickstart Ventures, The ACTIVE Fund, Assembly Ventures, Magenta Venture Partners, J-Ventures, Samsung NEXT Ventures, Alter, Triventures, and Team8 also participated in the round. The company is a developer of connectivity-as-a-service cloud solutions for both public and private device connectivity.

Capacity: The company raised $26 million of Series D venture funding from TVC Capital, Equity.com and JAM FINTOP on October 16, 2024. Toloka also participated in the round. The company is a developer of an AI-powered automation platform for the workplace.

Bland AI: The company raised $21.8 million of Series A venture funding in a deal led by Scale Venture Partners on October 17, 2024. ElevenLabs, Cameron Ventures, Y Combinator, Max Levchin, Jeff Lawson and other undisclosed investors also participated in the round. The company is a developer of an AI-driven phone-calling platform for enterprise communication.

ForceMetrics: The company raised $21.2 million in Series A venture funding in a deal led by Costanoa Ventures on October 16, 2024, putting the company’s pre-money valuation at $32.3 million. Stand Together Ventures Lab, WndrCo, Cyber Mentor Fund, Gaingels, Alumni Ventures, Rsquared, Growth Warrior Capital, Flybridge Capital Partners, Govtech Fund, Incite Ventures, Atento Capital, Hobson Lucas Family Foundation, Stand Together Venture Labs, Brown Angel Group, Mellody Hobson, George Walton Lucas Jr. and George Kaiser Family Foundation also participated in the round. The company is a developer of people performance analytics software and socially conscious data products.

Angel Studios: The company raised $10 million of venture funding from undisclosed investors on October 16, 2024. The company is a provider of streaming media entertainment services.

Ocula Technologies: The company raised GBP 7.25 million of Series A venture funding in a deal led by Praetura Ventures, NYO Capital and Jose Luis Gomes on October 18, 2024. Lloyds Banking Group, and Castelnau Group also participated in the round. The company is a developer of a predictive analytics platform designed to provide insights for companies to grow sales and profitability.

Delphi Interactive: The company raised $9 million of venture funding from undisclosed investors on October 18, 2024. The company is an operator of a gaming company based in Santa Monica, California.

Zerve: The company raised EUR 7 million of venture funding in a deal led by Paladin Capital Group on October 17, 2024. Elkstone, Rob Hickey and other undisclosed investors also participated in the round. The company is a developer of a coding environment platform designed for data science and artificial intelligence development.

Krista Software: The company raised $6.6 million of venture funding from undisclosed investors on October 17, 2024. The company is a developer of conversational AI-powered software designed to automate internal and external business processes.

Dryvebox: The company raised an undisclosed amount of venture funding from Golf Digest Online, TMRW Sports and EP Golf Ventures on October 14, 2024. Old Tom Venture Club also participated in the round. The company is a developer of a mobile golf simulator platform.

OutboundLabs: The company raised an undisclosed amount of venture funding from Aurelia Ventures on October 15, 2024. The company is a developer of an AI-based sales platform designed to automate and personalize lead generation.

Perplexity: The company raised an undisclosed amount of venture funding from Wayra on October 15, 2024. The company is a developer of an AI-powered information discovery search engine designed to answer questions and explore topics.

QuEra: The company raised an undisclosed amount of venture funding from Google AI Quantum on October 15, 2024. The company is a developer of advanced neutral-atoms-based quantum computers.

WorkForce Software / Automatic Data Processing: The company was acquired by Automatic Data Processing for an estimated $1.2 billion on October 15, 2024. The company is a developer of a cloud-based workforce management platform intended to deliver real-time insights backed by pre-packaged domain expertise and flexibility.

Turboscale / ShiftPixy: The company was acquired by ShiftPixy for $150 million on October 17, 2024. The company is a developer of custom artificial intelligence models designed for businesses.

Certain Affinity / Keywords Studios: The company reached a definitive agreement to be acquired by Keywords Studios for an undisclosed amount on October 18, 2024. The company is a developer of action-oriented multiplayer games.

Command AI / Amplitude: The company was acquired by Amplitude for an undisclosed amount on October 15, 2024. The company is a developer of an AI-powered user assistance chat bot.

Comply365 / Liberty Hall Capital Partners: The company was rolled into the continuation fund Liberty Hall Capital Partners Continuation Fund I from Liberty Hall Capital Partners Fund I on October 17,2024. The company is a developer of content and compliance management software intended for the aerospace and rail industries.

Degama Systems / JDM Technology Group: The company, a subsidiary of Streamline Transportation Technologies was acquired by JDM Technology Group for an undisclosed amount on October 15, 2024. The company is a developer of enterprise resource planning software catering to the truckload, brokerage, flat deck, heavy hauling, inbound logistics and automotive logistics sectors.

Descartes Labs / EarthDaily Analytics: The company was acquired by EarthDaily Analytics, via its financial sponsor Antarctica Capital, through an LBO on October 15, 2024 for an undisclosed amount. The company is a developer of an image analysis platform that provides automated geospatial analytics.

GKIDS Films / Toho: The company reached a definitive agreement to be acquired by Toho for an undisclosed amount on October 15, 2024. The company is an operator of a production and distribution house for animated films based in New York.

Hinterland Films / The Tenth Man: The company was acquired by The Tenth Man for an undisclosed amount on October 14, 2024. The company is an operator of a media production business based in Dublin, Ireland.

KinaTrax / Hawk-Eye Innovations: The company was acquired by Hawk-Eye Innovations, a subsidiary of Sony, for an undisclosed amount on October 16, 2024. The company is a developer of 3D in-game marker-less motion capture technology for athletes.

Legendary Entertainment / Apollo Global Management: The company was acquired by Apollo Global Management and its management through an LBO on October 14, 2024 for an undisclosed amount. The company is an operator of a media company intended to produce and distribute content for television and digital.

Linc / Capacity: The company was acquired by Capacity for an undisclosed amount on October 16, 2024. The company is a developer of a customer care automation platform designed to improve customer retention and open new channels to drive revenue post-purchase.

Lucy / Capacity: The company was acquired by Capacity for an undisclosed amount on October 16, 2024. The company is a developer of a knowledge management platform designed to help enterprise teams make the most of their data through business insights.

Pias / Universal Music Group: The company was acquired by Universal Music Group for an undisclosed amount on October 15, 2024. The company is a distributor and producer of independent music and record labels based in London, England.

Potions / AB Tasty: The company was acquired by AB Tasty for an undisclosed amount on October 17, 2024. The company is a developer of a data analysis platform designed to boost e-commerce website revenue.

Retail Aware / Glimpse Analytics: The company was acquired by Glimpse Analytics, a subsidiary of FireBolt for an undisclosed amount on October 17, 2024. The company is a developer of a sensor-informed analytics platform intended for brands and retailers.

ShopGenie / Tekmetric: The company was acquired by Tekmetric, via its financial sponsors Susquehanna Growth Equity and Narahari Investments, through an LBO on October 16, 2024 for an undisclosed amount. The company is a developer of an online marketing platform designed to help automotive shops to improve their sales and service revenues.

TeamTO / Dandelooo: The company was acquired by Dandelooo for an undisclosed amount on October 19, 2024. The company is an operator of a 3D animation studio based in France.

Triller / AGBA Group Holdings: The company was acquired by AGBA Group Holdings through a reverse merger, resulting in the combined entity trading on the Nasdaq Capital Market under the ticker symbol ILLR on October 15, 2024. Triller Corp is a global, AI-powered Technology Platform that serves a broad constituency of creators and brands around the world.

UpLink / DataSnipper: The company was acquired by DataSnipper for an undisclosed amount on October 15, 2024. The company is a developer of a cloud-based platform designed for document management.

Watch Next Media / SuperProd: The company was acquired by SuperProd, via its financial sponsor Calcium Capital Partners, through an LBO on October 16, 2024 for an undisclosed amount. The company is a producer of animated TV series.

Source: Pitchbook Data, Inc.