Technology Private Placement and M&A Transactions Review Week Ending May 4, 2025

Display.: The company raised $3.4 billion of venture funding from undisclosed investors on April 28, 2025. The company is a developer of a social platform designed to help creators monetize their content.

Anysphere: The company raised $900 million of venture funding in a deal led by Thrive Capital on May 4, 2025, putting the company’s pre-money valuation at $8.1 billion. Andreessen Horowitz and Accel also participated in the round. The company is a developer of an artificial intelligence-powered coding platform designed to improve the productivity and capabilities of programmers and software engineers.

Skild AI: The company raised $500 million of Series B venture funding from Amazon.com, Coatue Management, and Palo Alto Growth Capital on April 30, 2025, putting the company’s pre-money valuation at $3.5 billion. Lightspeed Venture Partners, Insight Partners, Felicis, Sequoia Capital, Menlo Ventures, General Catalyst, Carnegie Mellon University, SoftBank Group and Bezos Expeditions also participated in the round. The company is a developer of general-purpose artificial intelligence for robots.

True Anomaly: The company raised $260 million through a combination of Debt and Series C venture funding in a deal led by Accel on April 30, 2025, putting the company’s pre-money valuation at $699 million. Space VC, Narya, Riot Ventures, Eclipse Ventures, Champion Hill Ventures, ACME Capital, Menlo Ventures, 645 Ventures, Meritech Capital Partners, and other undisclosed investors also participated in the round. The company is an operator of a fully integrated technology platform intended to offer space security and defense products to the U.S. and its allies.

CAST AI: The company raised $108 million through a combination of debt and Series C venture funding in a deal led by SoftBank Investment Advisers and G2 Venture Partners on April 30, 2025, putting the company’s pre-money valuation at $802 million. Cota Capital, Uncorrelated Ventures, Creandum, Vintage Investment Partners, Hedosophia, Aglaé Ventures and Bernard Arnault & family also participated in the round. The company is a developer of a cloud management platform designed for Kubernetes automation, optimization, security and cost management.

Decagon: The company is in the process of raising $100 million of venture funding in a deal led by Andreessen Horowitz and Accel as of May 2, 2025, putting the company’s pre-money valuation at $1.4 billion. The company is a developer of a conversational AI platform for customer support teams.

Astronomer: The company raised $93 million of Series D venture funding in a deal led by Bain Capital Ventures on May 1, 2025. Salesforce Ventures, Bosch Ventures, Venrock, Meritech Capital Partners and Insight Partners also participated in the round. The company is a developer of a data orchestration platform designed to collect and prepare statistics for business analytics.

Sanity: The company raised $87.2 million of venture funding from undisclosed investors on May 2, 2025. The company is an operator of a headless content management system.

AssetWatch: The company raised $75 million of Series C venture funding in a deal led by Harmonic Growth Partners on April 30, 2025, putting the company’s pre-money valuation at $362 million. Triangle Peak Partners, G2 Venture Partners, Osage University Partners, Wellington Management, and other undisclosed investors also participated in the round. The company is a developer of a condition monitoring platform that uses AI-powered insights to protect critical assets across manufacturing facilities.

Lightrun: The company raised $70 million of Series B venture funding in a deal led by Insight Partners and Accel on April 28, 2025. Citibank Group, Sorenson Capital, Glilot Capital Partners, and GTM Capital also participated in the round. The company is a developer of an observability platform designed to allow real-time application insights and dynamic instrumentation for developers.

VSORA: The company raised EUR 40 million of venture funding in a deal led by Otium Capital on April 29, 2025. Omnes Capital, Adelie and European Innovation Council Fund also participated in the round. The company a fabless semiconductor business delivering ultra-high-performance AI inference solutions for both data centers and edge deployments.

LlamaIndex: The company raised $18.9 million of Series A venture funding in a deal led by Norwest Venture Partners on May 2, 2025, putting the company’s pre-money valuation at $70 million. KPMG, Databricks Ventures and Greylock also participated in the round. The company is a developer of a central interface toolkit designed to augment LLM applications with external data.

EdgeRunner AI: The company raised $12 million of Series A venture funding in a deal led by Madrona Venture Group on May 2, 2025. HP Tech Ventures, Alumni Ventures and Four Rivers Group also participated in the round. The company is a developer of domain-specific AI agents that operate entirely on-device, eliminating the need for internet connectivity.

Knapsack: The company raised $10.5 million of venture funding from undisclosed investors on May 2, 2025. The company is a developer of a consolidated platform to manage design and code decisions across a product and brand ecosystem.

Optiversal: The company raised an estimated $8 million of Series A venture funding from Data Point Capital and other undisclosed investors on April 29, 2025, putting the company’s pre-money valuation at $34 million. The company is a developer of an AI-powered content platform for the retail sector.

Swivel: The company raised $5.8 million of Series A venture funding in a deal led by Ardent Venture Partners and Tribeca Venture Partners on April 30, 2025, putting the company’s pre-money valuation at $42.2 million. Aperiam Ventures, Motley Fool Ventures, Roster Capital, and other undisclosed investors also participated in the round. The company is a developer of an artificial intelligence no-code workflow automation platform intended for operations and account management.

Blaise: The company raised an undisclosed amount of venture funding from Better Tomorrow Ventures in May 2025. The company is a developer of a full-stack hardware architecture and no-code software platform which enables edge AI processing solutions from the data center to the network’s edge.

Emptyvessel: The company raised an undisclosed amount of venture funding from NCSoft on May 2, 2025. The company is an operator of a video game studio.

Industrial Next: The company raised an undisclosed amount of Series A venture funding in a deal led by Khosla Ventures on April 28, 2025. AlphaX Partners, Y Combinator and other undisclosed investors also participated in the round. The company is a manufacturer of Artificial Intelligence-powered workstations designed to automate manual general assembly processes using proprietary learning, vision, and control software.

Rota Health: The company raised an undisclosed amount of venture funding from Company Ventures in May 2025. The company is a developer of an AI powered healthcare platform designed to reduce the integration time of healthcare data.

SkySelect: The company raised an undisclosed amount of venture funding from Verb Ventures in May 2025. The company is an operator of a digital aircraft procurement platform intended to facilitate the purchasing of aircraft parts.

TrendMover: The company raised an undisclosed amount of venture funding from Antler in May 2025. The company is a gamified investment platform that allows users to discover new trends and invest virtual tokens in the startup ecosystem.

Eppo / Datadog: The company was acquired by Datadog for $220 million on May 1, 2025. The company is a developer of an experimentation and feature management platform intended to make advanced A/B testing accessible.

Frndly TV / Roku: The company reached a definitive agreement to be acquired by Roku for $185 million on May 1, 2025. The company is a developer of a television streaming application.

Actus Digital / LiveU: The company entered into a definitive agreement to be acquired by LiveU, via its financial sponsor The Carlyle Group, through an LBO on April 28, 2025 for an undisclosed amount. The company is a developer of a broadcast media monitoring platform designed to offer broadcast recording, monitoring and compliance.

Cuba Pictures / VICE Media: The company was acquired by VICE Media, via its financial sponsors Fortress Investment Group, Savage Ventures and Soros Fund Management, through an LBO on April 28, 2025 for an undisclosed amount. The company is an operator of a film production business based in London, United Kingdom.

Film Constellation / Playtime: The company was acquired by Playtime, a subsidiary of Vuelta Group, for an undisclosed amount on April 29, 2025. The company is an operator of an integrated media business based in London, United Kingdom.

Metaphor Data / KPMG Corporate Finance: The company was acquired by KPMG Corporate Finance, a subsidiary of KPMG, for an undisclosed amount on April 28, 2025. The company is a developer of a search and discovery tool that uses metadata knowledge to help organizations better understand and manage their data.

Mobotix / Certina Holding: The company was acquired by Certina Holding through an LBO on April 29, 2025 for an undisclosed amount. Mobotix AG manufactures video management systems and IP cameras.

ModerateKit / Gainsight: The company was acquired by Gainsight, via its financial sponsors Sprout Capital Partners and Vista Equity Partners, through an LBO on April 30, 2025 for an undisclosed amount. The company is a developer of AI-powered content moderation software designed to automate and enhance the management of online communities.

Pearlfinders / Ingenuity ABM: The company was acquired by Ingenuity ABM, via its financial sponsor Cow Corner Investing, through an LBO on April 30, 2025 for an undisclosed amount. The company is a developer of a sales intelligence platform.

Polygon / Valnet: The company, a subsidiary of Vox Media was acquired by Valnet for an undisclosed amount on May 1, 2025. The company is an operator of a gaming and entertainment publication business.

Postal.io / Sendoso: The company was acquired by Sendoso for an undisclosed amount on May 1, 2025. The company is a developer of a sales and marketing engagement platform designed to improve conversion rates with automated direct mail, corporate gifting, and charitable giving.

Praxonomy / Formidium: The company was acquired by Formidium for an undisclosed amount on May 1, 2025. The company is a developer of a cloud-based communication and task management platform intended to serve board administrators, executives and directors.

Rogue City Productions / 21CC Group: The company was acquired by 21CC Group for an undisclosed amount on May 1, 2025. The company is a provider of event, production and site management services to support events and festivals across the United Kingdom.

Supersocial / Super League Gaming: The company was acquired by Super League Gaming for an undisclosed amount on May 1, 2025. The company is an operator of a metaverse game developer.

Wevolver / Siemens: The company reached a definitive agreement to be acquired by Siemens for an undisclosed amount on April 30, 2025. The company is an operator of an online engineering community for the sharing of knowledge and connections to develop better technology.

World Poker Tour / Unknown Investor: The company was acquired for an undisclosed amount on April 29, 2025. The company organizes and operates a televised poker tournament.

Yumpingo / Black Box Intelligence: The company was acquired by Black Box Intelligence, via its financial sponsor Diversis Capital, through an LBO on April 28, 2025 for an undisclosed amount. The company is a developer of a customer experience management platform.