Technology Private Placement and M&A Transactions Review Week Ending November 24, 2024

xAI: The company raised $5 billion of Series C venture funding from Valor Equity Partners, Sequoia Capital and Andreessen Horowitz on November 20, 2024, putting the company’s pre-money valuation at $45 billion. Qatar Investment Authority and other undisclosed investors also participated in the round. The company is a developer of an artificial intelligence platform designed to accelerate human scientific discovery.

Anthropic: The company raised $4 billion of venture funding from Amazon.com on November 22, 2024. The company is an operator of an artificial intelligence safety and research business intended to build reliable, interpretable, and steerable large-scale AI systems.

Kong: The company raised $175 million of Series E venture funding in a deal led by Tiger Global Management and Balderton Capital on November 19, 2024, putting the company’s pre-money valuation at $1.92 billion. Index Ventures, CRV, Andreessen Horowitz, Notable Capital, Sapphire Ventures, 137 Ventures and Ontario Teachers’ Pension Plan also participated in the round. The company is a developer of an application programming interface platform designed to manage, monitor, and scale application programming interfaces and micro-services.

Prorata.AI: The company closed on $130 million of an undisclosed targeted amount of venture funding from Prime Movers Lab, DMG Media and Guardian Media Group on November 20, 2024. Telegraph Media Group, Sky TV, Mayfield Fund, Revolution Ventures and IdeaLab Studio also participated in the round. The company is a developer of a generative artificial intelligence platform designed to enable the alignment of usage and revenues between AI platforms and content owners.

Cresta: The company raised $125 million of Series D venture funding in a deal led by WiL (World Innovation Lab) and Qatar Investment Authority on November 19, 2024, putting the company’s pre-money valuation at $660 million. LG Technology Ventures, Qualcomm Ventures, Workday Ventures, Accenture, Scale Asia Ventures, Andreessen Horowitz, Greylock, Sequoia Capital, Tiger Global Management, EnvisionX Capital, JP Morgan Chase and other undisclosed investors also participated in the round. The company is a developer of an AI platform intended to help call centers improve customer service and agent productivity.

Tractian: The company raised BRL 700 million of venture funding in a deal led by Sapphire Ventures on November 22, 2024, putting the company’s pre-money valuation at BRL 3.3 billion. The company is a developer of an artificial intelligence-assisted condition monitoring and asset performance management system for industry workers.

Lightning AI: The company raised $50 million of venture funding led by Cisco Investments with paticipation form Nvidia and K5 Global on November 21, 2024. J.P. Morgan also participated in the round. The company is a developer of multi-cloud machine learning systems designed to help in building simple research demos.

UnitX: The company raised $46 million of Series B venture funding in a deal led by UP.Partners on November 18, 2024. The company is a developer of a deep learning inspection system designed to automate manufacturing with artificial intelligence.

The SpringHill Company: The company received $40 million of development capital from existing investors on November 18, 2024. The company is an operator of an entertainment development and production business intended to create compelling stories for television, features and digital networks.

Selector: The company raised $32.2 million of Series B venture funding in a deal led by Two Bear Capital and Ansa Capital on November 19, 2024, putting the company’s pre-money valuation at $147.8 million. Singtel Innov8, Bell Ventures, AT&T Ventures, Atlantic Bridge Capital, SineWave Ventures and Hyperlink Ventures also participated in the round. The company is a developer of an operational intelligence platform designed to provide instant, actionable insights for managing multi-domain network and application infrastructures.

Levanta: The company raised $20 million of Series A venture funding in a deal led by Volition Capital on November 19, 2024. The company is a developer of an Amazon affiliate platform that makes it easy to connect with revenue-generating creators, affiliates and influencers to promote Amazon storefronts.

Revv: The company raised $20 million in Series A venture funding in a deal led by Left Lane Capital on November 19, 2024, putting the company’s pre-money valuation at $150 million. Soma Capital, 1984 Ventures, Aglaé Ventures, and other undisclosed investors also participated in the round. The company is a developer of an AI-powered ADAS calibration identification software designed to offer automotive repair diagnostics services.

Aviz: The company raised $17 million in Series A venture funding in a deal led by Alter on November 20, 2024, putting the company’s pre-money valuation at $30 million. Accton Technology, Cisco Investments, Wistron, Qualcomm Ventures, Celestica, Moment Ventures, and other undisclosed investors also participated in the round. The company is a developer of a network management platform designed to optimize, manage, and monitor network infrastructure.

Keychain: The company raised $15 million of Series A venture funding in a deal led by BoxGroup on November 19, 2024, putting the company’s pre-money valuation at an estimated $235 million. 301, General Mills, Schreiber Foods, Lightspeed Venture Partners, SV Angel and other undisclosed investors also participated in the round. The company is a developer of an AI-based consumer packaged goods platform designed to help brands find manufacturing partners.

Agentio: The company raised $12 million of Series A venture funding in a deal led by Benchmark Capital Holdings on November 19, 2024, putting the company’s pre-money valuation at $45 million. Craft Ventures, AlleyCorp, and other undisclosed investors also participated in the round. The company is a developer of an advertisement platform designed to allow marketers to access creator-led advertising.

Arenametrix: The company raised EUR 8 million of venture funding in a combination of debt and equity on November 20, 2024. The equity portion of the venture funding was provided from Reflexion Capital and Newfund Management. The company is a developer of omnichannel marketing software for event organizers to develop and engage audiences of cultural institutions, sports organizations and leisure venues.

3point0 labs: The company raised an undisclosed amount of Series A venture funding in a deal led by Bigger Picture Holdings and Strand Venture Partners on November 19, 2024. The company is a provider of comprehensive web3 management services to enhance interactions between brands and athletes.

Astranis: The company raised an undisclosed amount of venture funding from NTT Docomo Ventures on November 21, 2024. The company is a developer of low-cost telecommunications satellites to provide internet access in remote regions

Cavrnus: The company raised an undisclosed amount of Series A venture funding from Epic Games, Galaxy Interactive and other undisclosed investors on November 18, 2024. The company is a developer of a shared reality platform for 3D workflow collaboration.

Certinia: The company received an undisclosed amount of development capital from TA Associates Management on November 19, 2024. The company is a developer of a cloud-based business platform providing ERP and PSA solutions for businesses.

Databricks: The company raised an undisclosed amount of venture funding from Tioex Technologies, Riverside Ventures, and Pittco Management on November 22, 2024. The company is a developer of a data analytics platform designed to offer an open and unified environment for data and artificial intelligence.

Mapped: The company raised an undisclosed amount of venture funding from NTT Docomo Ventures on November 20, 2024. The company is a developer of an artificial intelligence-powered data infrastructure platform designed for commercial and industrial IoT.

Promise: The company raised an undisclosed amount of venture funding from Andreessen Horowitz and Peter Chernin on November 19, 2024. The company is an operator of a generative AI entertainment studio.

Innovid / Flashtalking: The company reached a definitive agreement to be acquired by Flashtalking, a subsidiary of Mediaocean, for approximately $525 million on November 21, 2024. Innovid Corp is a software platform that provides ad serving, measurement and optimization creative services for the creation, delivery, and measurement of TV ads across connected TV environments to advertisers, publishers and media agencies.

Rise4 / Ionik: The company was acquired by Ionik for $19.9 million on November 19, 2024. The company is a developer of an AI-powered advertising marketing platform.

Brainjolt / Centerfield Media Holdings: The company was acquired by Centerfield Media Holdings, via its financial sponsor Platinum Equity, through an LBO on November 21, 2024 for an undisclosed amount. The company is a provider of digital publishing services intended for clients in Pasadena, California.

EZOPS / NeoXam: The company was acquired by NeoXam, via its financial sponsor Eurazeo, through an LBO on November 20, 2024 for an undisclosed amount. The company is a developer of data control, reconciliation and automation software designed to improve data integrity.

Fyrfeed / Rheindigital: The company was acquired by Rheindigital for an undisclosed amount on November 19, 2024. The company is a developer of an  AI-powered subscription service delivering high-quality, ready-to-publish content for B2B customers .

GovPro AI / Unanet: The company was acquired by Unanet, via its financial sponsors Onex, Monroe Capital, Monroe Capital Income Plus Corp BDC, Northleaf Capital Partners and JMI Equity, through an LBO on November 22, 2024 for an undisclosed amount. The company is a developer of a government proposal writing platform intended to simplify the RFP response process by decoding complex requirements and generating customized proposal outlines.

Grep / Vercel: The company was acquired by Vercel for an undisclosed amount on November 20, 2024. The company is an operator of a code search engine platform intended for software developers.

Harper / Automattic: The company was acquired by Automattic for an undisclosed amount on November 21, 2024. The company is a developer of an online grammar platform intended for developers.

Inspired Minds / Data Society Group: The company was acquired by Data Society Group, via its financial sponsor Growth Catalyst Partners, through an LBO on November 11, 2024 for an undisclosed amount. The company is an operator of a global tech and science strategy group focused on AI4Good operating in healthcare, education and government/strategic level Artificial Intelligence.

ITV Studios / Multiple Investors: The company has received bids to be acquired by All3Media, Mediawan, CVC Capital Partners, TF1 Groupe and other undisclosed investors through an LBO as of November 23, 2024. The company is an operator of a television media production company.

Mordisco / Crossmint: The company was acquired by Crossmint for an undisclosed amount on November 18, 2024. The company is a developer of an artificial intelligence agent designed for secure commerce purposes.

OhWaiter / Stellar Menus: The company was acquired by Stellar Menus for an undisclosed amount on November 21, 2024. The company is an operator of an AI-powered hospitality and analytics platform.

Ostereo / Create Music Group: The company was acquired by Create Music Group, via its financial sponsor Flexpoint Ford, through an LBO on November 20, 2024 for an undisclosed amount. The company is a developer of music distribution and promotional services.

RepTrak / Periscope Equity: The company was acquired by Periscope Equity through an LBO on November 19, 2024 for an undisclosed amoun. The company is a developer of corporate reputation measurement and insights software designed to elevate business communications.

Skai / Bitnine: The company was acquired by Bitnine for an undisclosed amount on November 19, 2024. The company is a developer of an AI-powered suite of products built to execute and optimize digital advertising.

The Cowboy Channel / Teton Ridge: The company, a subsidiary of RFD-TV was acquired by Teton Ridge, a subsidiary of TWG Global for an undisclosed amount on November 20, 2024. The company is an operator of a television channel focused on Western and rodeo sports and lifestyle.

The Phoenix Cinema / Individual Investors: The company was acquired by Mr. Cillian Murphy and Mrs. Yvonne McGuinness for an undisclosed amount on November 22, 2024. The company is an operator of a movie theater based out of Dingle, Ireland.

ThinkBIG Networks / IQ Fiber: The company entered into a definitive agreement to be acquired by IQ Fiber, via its financial sponsor SDC Capital Partners, through an LBO on November 22, 2024 for an undisclosed amount. The company is a provider of fiber optic broadband internet services.

Source: Pitchbook Data, Inc.