Technology Private Placement and M&A Transactions Review Week Ending December 8, 2024

xAI: The company raised $6 billion of venture funding from Valor Equity Partners, Sequoia Capital, and Andreessen Horowitz on November 20, 2024. AJI Capital, 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.

Tenstorrent: The company raised $700 million of Series D1 venture funding in a deal led by Samsung Catalyst Fund, Samsung Venture Investment, AFW Partners, and Samsung Securities on December 2, 2024, putting the company’s pre-money valuation at an estimated $1.9 billion. LG Electronics, Jeff Bezos Export Development Canada, GenerativeIQ, Ontario Pension Board, Baillie Gifford, Bezos Expeditions, Fidelity Management & Research, and Hyundai Motors Group also participated in the round. The company is a developer of application-specific integrated circuit processors designed to provide training and adaptability to algorithms.

Veeam: The company received $199 million of development capital from undisclosed investors on December 5, 2024. The company is a developer of intelligent data management software designed to automatically anticipate the need, meet demand, and operate securely across multi-cloud infrastructures.

NPC Labs: The company raised $21.9 million of venture funding in a deal led by Pantera Capital on July 22, 2024. Mantle Network, Makers Fund, Hashed, Collab+Currency, Sfermion, Mirana Ventures and Bitscale Capital also participated in the round. The company is an operator of a gaming studio intended to help developers create cross-chain games and players find games.

Deep Infra: The company raised $20.6 million of venture funding from undisclosed investors on December 6, 2024. The company is a developer of an inference platform designed to simplify the deployment of artificial intelligence models for various applications.

Happyrobot: The company raised $15.6 million of Series A venture funding in a deal led by Andreessen Horowitz on December 4, 2024. Ryder Ventures, Y Combinator and other undisclosed investors also participated in the round. The company is a developer of an auto-labeling tool designed for computer vision to offer automated data curation and labeling for computer vision datasets.

Happydemics: The company raised EUR 13 million of Series B venture funding from Adelie and Wille Finance on December 3, 2024. The company is a developer of a marketing and advertising performance platform intended to support brands in understanding consumer reactions to content or a product.

Spexi: The company raised $11.5 million of Series A venture funding in a deal led by Blockchange Ventures on December 4, 2024. Protocol Labs, Dapper Labs and Moonshots Capital also participated in the round. The company is a provider of professional drone services.

STELLA Automotive AI: The company raised $11 million of venture funding in the form of convertible debt in a deal led by Reynolds and Reynolds on December 5, 2024. Sheehy Auto Stores, Butler Automotive Group, and other undisclosed investors also participated in the round. The company is a developer of voice and chat-bot technology designed to deliver human-computer understanding.

Ethyca: The company raised $10 million of venture funding in a deal led by Aspenwood Ventures and AXA Venture Partners on December 5, 2024. Scott Belsky, Des Traynor, Guillermo Rauch, and Kevin Hartz also participated in the round. The company is a developer of a data privacy platform designed to provide tools to developers for data privacy compliance tasks.

Lucra Sports: The company raised $10 million of venture funding in a deal led by 7GC & Co, SeventySix Capital and Steve Kuhn on December 5, 2024. Simplex Ventures, Giannis Antetokounmpo, ARK Investment Management and other undisclosed investors also participated in the round. The company is a developer of a social sports gaming platform designed to create fantasy leagues.

AI or Not: The company raised $5.7 million of venture funding from undisclosed investors on December 5, 2024. The company is a developer of a verification tool intended to determine the authenticity of digital content.

Eventric: The company raised $5 million of venture funding in a deal led by Andrew Lindner and Janet Bannister on December 3, 2024. The company is a developer of tour management software intended to offer live events and programs.

enna: The company raised an undisclosed amount of venture funding from Twip Impact Ventures and zwei.7 Holding on December 2, 2024. The company is a developer of a communication system intended to offer online access and applications to senior citizens.

Vizio / Walmart: The company was acquired by Walmart for a fully diluted equity value of approximately $2.3 billion on December 3, 2024. VIZIO manufactures and sells smart TVs, a smart TV operating system, and TV sound bars.

Wonder Media Network / Acast: The company reached a definitive agreement to be acquired by Acast for $5.5 million on December 6, 2024. The company is an operator of a media agency focused on audio-based motivational content.

ActionIQ / Uniphore: The company was acquired by Uniphore for an undisclosed amount on December 5, 2024. The company is a developer of an enterprise customer data platform designed for data, analytics, and marketing campaigns.

Argoid / Amagi: The company was acquired by Amagi for an undisclosed amount on December 3, 2024. The company is a developer of an autonomous consumer insight software designed to boost user retention.

Audigent / Experian: The company was acquired by Experian for an undisclosed amount on December 4, 2024. The company is a developer of an audience intelligence platform designed to offer advertising strategies.

Auro Technologies / GoerTek: The company was acquired by GoerTek for an undisclosed amount on December 4, 2024. The company is a manufacturer of audio playback systems designed for audio professionals in the music and movie industry.

Beastcoast / M80: The company was acquired by M80 for an undisclosed amount on December 5, 2024. The company is an operator of a multi-title e-sports organization intended to promote e-sports.

Cosmo Tech / Insight Partners: The company was acquired by Insight Partners, Mr. Phillip Hazen and Mr. Gerry Coulter through an LBO on December 2, 2024 for an undisclosed amount. The company is a developer of software designed to make optimal business decisions in complex environments.

Frame AI / HubSpot: The company reached a definitive agreement to be acquired by HubSpot for an undisclosed amount on December 6, 2024. The company is a developer of a collaborative messaging platform designed to improve business conversations.

Humankind / Tulip: The company was acquired by Tulip for an undisclosed amount on December 5, 2024. The company is a developer of a communication platform intended for shoppers and businesses.

Infoworks / Uniphore: The company was acquired by Uniphore for an undisclosed amount on December 5, 2024. The company is a developer of a data engineering platform designed to eliminate complexity through data automation.

Intelligence Node / The Interpublic Group of Companies: The company reached a definitive agreement to be acquired by The Interpublic Group of Companies for an undisclosed amount on December 5, 2024. The company is a developer of a retail analytics platform designed to automate retail pricing strategy.

JLGroup / Sunbelt Rentals UK: The company was acquired by Sunbelt Rentals UK, a subsidiary of Ashtead Group, for an undisclosed amount on December 4, 2024. The company is a provider of event and production services intended for television, live events, and exhibitions.

MatchPoint / Scepter Holdings: The company reached a definitive agreement to be acquired by Scepter Holdings (PINX: BRZL) for an undisclosed amount on December 2, 2024. The company is a developer of an athlete and influencer marketing platform.

PicklePlay / UTR Sports: The company was acquired by UTR Sports for an undisclosed amount on December 4, 2024. The company is a developer of a mobile application designed for pickleball players to find pickleball courts.

QMetry / SmartBear Software: The company was acquired by SmartBear Software, via its financial sponsors Vista Equity Partners and Francisco Partners, through an LBO on December 3, 2024 for an undisclosed amount. The company is a developer of a test management platform designed for agile testing and development operation teams.

Replan / Demand Chain AI: The company was acquired by Demand Chain AI for an undisclosed amount on December 4, 2024. The company is a developer of an intelligent automation platform designed to help companies access, analyze, and act on data to automate complex processes.

SmartPixels / LS group: The company was acquired by LS group for an undisclosed amount on December 6, 2024. The company is a developer of a 3D product visualization platform.

VMI Studio / ICRAVE: The company was acquired by ICRAVE, via its financial sponsors BPEA Private Equity and Growth Catalyst Partners, through an LBO on December 5, 2024 for an undisclosed amount. The company is an operator of a creative visualization studio firm based in London, United Kingdom.

Source: Pitchbook Data, Inc.