Technology Private Placement and M&A Transactions Review Week Ending November 17, 2024

GreenScale: The company raised GBP 1 billion of venture funding from DTCP on November 12, 2024. The company is a developer of a sustainable data center infrastructure intended to support hyper-scale, artificial intelligence, and cloud customers.

Writer: The company raised $200 million of Series C venture funding in a deal led by Premji Invest, Radical Ventures, and ICONIQ Growth on November 12, 2024, putting the company’s pre-money valuation at $1.7 billion. Salesforce Ventures, Adobe Ventures, Citi Ventures, Accenture Ventures, IBM Ventures, Workday Ventures, Geodesic Capital, Insight Partners, Balderton Capital, The Vanguard Group, and B Capital also participated in the round. The company is a developer of a full-stack generative artificial intelligence platform designed to provide organized workflows.

Tessl: The company raised $100 million of Series A venture funding in a deal led by Index Ventures on November 14, 2024, putting the company’s pre-money valuation at an estimated $400 million. GV, Accel and Boldstart Ventures also participated in the round. The company is a developer of an AI-native development platform designed to generate, maintain, and test code.

ChapsVision: The company received EUR 85 million of development capital led by Tikehau Capital, Qualium Investissement, GENEO Capital Entrepreneur, Jolt Capital and Bpifrance on November 14, 2024. The company is a developer of a data analysis platform designed to solve complex business problems through a fully integrated analytical infrastructure.

SuperAnnotate: The company raised $36 million of Series B venture funding in a deal led by Socium Ventures on November 12, 2024. Nvidia, Databricks Ventures, Defy Partners Management, and Play Time also participated in the round. The company is a developer of an artificial intelligence-based annotation software designed to annotate, train, and automate machine learning pipelines.

LocalStack: The company raised $25 million of Series A venture funding in a deal led by Notable Capital on November 12, 2024. CRV, Heavybit, Guillermo Rauch, Renaud Visage, Gerhard Eschelbeck, Geeta Schmidt, Sriram Krishnan, Emmanuel Schalit, Corey Quinn, Mike Julian and Berkay Mollamustafaoglu and other undisclosed investors also participated in the round. The company is an operator of a cloud-based platform intended to provide an easy-to-use test framework for developing cloud applications.

Volo Sports: The company received $21 million of development capital from Bluestone Equity Partners on November 13, 2024. The company is a provider of community-focused, tech-enabled adult social sports and curated events.

Arbolus: The company raised $20 million of Series B venture funding in a deal led by Kayne Anderson on November 13, 2024. Composition Capital and other undisclosed investors also participated in this round. The company is a developer of professional networking software to connect subject matter experts to research projects.

Odyssey: The company raised $18 million of Series A venture funding in a deal led by EQT Ventures on November 13, 2024. GV and Air Street Capital also participated in the round. The company is a developer of a visual artificial intelligence system designed to broadcast pivotal moments on television.

Cogna: The company raised $15 million of Series A venture funding in a deal led by Notion Capital on November 11, 2024. Hoxton Ventures and Chalfen Ventures also participated in the round. The company is a developer of an artificial intelligence platform intended to automate the IT consultancy process.

Neon: The company raised $14 million of venture funding from Thrive Capital, Ribbit Capital and Andreessen Horowitz on November 12, 2024. Renegade Partners and SciFi VC also participated in the round. The company is a developer of in-game direct-to-consumer web shops.

DataGPT: The company raised $11.9 million of venture funding from Josh Buckley, Julien Smith and other undisclosed investors on November 15, 2024. The company is a developer of a conversational AI data analytics platform.

BLACKBIRD.AI: The company raised $11.7 million of venture funding from undisclosed investors on November 15, 2024. The company is a developer of an AI-based real-time misinformation analysis platform designed to identify misinformation for journalists, media organizations, and governments.

Azimuth AI: The company raised $11.3 million of venture funding from Cyient, Growth Factory, and other undisclosed investors on November 15, 2024. The company is a manufacturer of embedded silicon products for developing highly differentiated ASICs for edge computing applications.

Influur: The company raised $10 million in Series A venture funding in a deal led by HTwenty and Point72 Ventures on November 14, 2024, putting the company’s pre-money valuation at $26.5 million. Amplifica Capital, Gaingels, IGNIA Partners, VamosVentures, Redwood Ventures and other undisclosed investors also participated in the round. The company is a developer of an influencer-marketing platform.

Summer Robotics: The company is in the process of raising $10 million of Series A venture funding on November 15, 2024, putting the company’s pre-money valuation at $30 million. The company is a developer of breakthrough 3D robotic visual intelligence software that enables high-speed, precision automation.

Ennoventure: The company raised $8.9 million of Series A2 venture funding in a deal led by Tanglin Venture Partners on November 12, 2024, putting the pre-money valuation at an estimated $21.1 million. Fenice Investment Group and other undisclosed investors also participated in the round. The company is a developer of advanced technologies for brand protection and engagement.

Agility Robotics: The company raised an undisclosed amount of Series B venture funding from Schaeffler Group USA, Bossa Invest and AJI Capital on November 14, 2024. The company is a developer of bipedal walking robots.

Opteran: The company is in the process of raising Series A venture funding as of November 14, 2024. The company is a developer of a neuromorphic foundation model designed for machine autonomy based on reverse-engineered biological brain algorithms directly from insects and animals.

Qlik Technologies: The company entered into a definitive agreement to receive development capital from Thoma Bravo, Abu Dhabi Investment Authority and undisclosed investors on November 11, 2024. The company is a developer of business intelligence software designed for the enterprise and small-and-midsized business markets.

Jim Henson Company / Individual Investors: The company reached a definitive agreement to be acquired by Mr. John Mayer and Mr. Joseph McGinty Nichol (McG) for approximately $60 million on November 12, 2024. Jim Henson Company is an operator of an entertainment business based in Los Angeles, California.

Curzon Cinemas / Fortress Investment Group: The company, a subsidiary of Cohen Media Group, was acquired by Fortress Investment Group through a $5 million LBO on November 12, 2024. The company is an operator of a chain of arthouse cinemas.

AirBorn / Molex: The company reached a definitive agreement to be acquired by Molex, a subsidiary of Koch, for an undisclosed amount on November 14, 2024. The company is a manufacturer of specialty electronics intended to serve the aerospace, energy, geophysical, and telecommunications industry.

Alby / Bluecore: The company was acquired by Bluecore for an undisclosed amount on November 12, 2024. The company is a developer of an AI-based platform intended to help e-commerce brands boost customer satisfaction.

Almer / RealWear: The company was acquired by RealWear for an undisclosed amount on November 14, 2024. The company is a developer of an augmented reality platform designed to streamline communication for industrial applications.

Bridge / Billups: The company was acquired by Billups for an undisclosed amount on November 12, 2024. The company is an operator of an open marketing platform built to deliver accurate and efficient outcomes for out-of-home advertisers and media owners.

Fastbreak Connect / Fastbreak.ai: The company was acquired by Fastbreak.ai for an undisclosed amount on November 12, 2024. The company is a developer of an athletic networking platform designed to connect high school amateur athletes and collegiate coaches.

Flex Logix / Analog Devices: The company was acquired by Analog Devices for an undisclosed amount on November 12, 2024. The company is a developer of a semiconductor and software designed to embed field-programmable gate arrays of any size in an integrated circuit.

Hazy / SAS Institute: The company was acquired by SAS Institute for an undisclosed amount on November 12, 2024. The company is a developer of an enterprise synthetic data anonymization platform.

Iris.TV / Viant Technology: The company was acquired by Viant Technology for an undisclosed amount on November 12, 2024. The company is an operator of a video content platform intended to increase engagement, activate data, and build audience insights.

Jetcool / Flex: The company was acquired by Flex for an undisclosed amount on November 14, 2024. The company is a developer of a modular component cooling technology designed for high-powered electronics.

nwo.ai / Growth_Protocol: The company was acquired by Growth_Protocol for an undisclosed amount on November 13, 2024. The company is an operator of an intelligence amplification platform designed to anticipate and track evolving shifts in various fields.

Octopai / Cloudera: The company entered into a definitive agreement to be acquired by Cloudera, via its financial sponsor Kohlberg Kravis Roberts, through an LBO on November 14, 2024 for an undisclosed amount. The company is a developer of an automated metadata management platform.

Picture Motion / Publicis Groupe: The company was acquired by Publicis Groupe for an undisclosed amount on November 13, 2024. The company is an operator of a social impact agency developing advocacy and marketing campaigns for media and entertainment.

Rapid / Nokia: The company was acquired by Nokia for an undisclosed amount on November 13, 2024. The company is a developer of a software development platform intended to connect developers with public APIs.

Shadowbox Pictures / Bluewater Media: The company was acquired by Bluewater Media for an undisclosed amount on November 14, 2024. The company is an operator of a performance marketing agency specializing in DRTV advertising based in Yardley, Pennsylvania.

Supermaven / Anysphere: The company was acquired by Anysphere for an undisclosed amount on November 12, 2024. The company is a developer of a code completion tool designed to enhance coding efficiency.

Terminus Software / Demand Science Group: The company was acquired by Demand Science Group, via its financial sponsor Massachusetts Capital Resource, through an LBO on November 12, 2024 for an undisclosed amount. The company is a developer of a B2B account-based marketing platform.

Vio:Networks / Starface: The company was acquired by Starface, via its financial sponsor Maxburg Capital Partners, through an LBO on November 12, 2024 for an undisclosed amount. The company is a connectivity and telecommunications solutions provider for business users.

Source: Pitchbook Data, Inc.