Technology Private Placement and M&A Transactions Review Week Ending June 15, 2025

Glean: The company raised $150 million of venture funding in a deal led by Wellington Management on June 10, 2025, putting the company’s pre-money valuation at an estimated $7.05 billion. Capital One Ventures, Citi Ventures, Archerman Capital, Coatue Management, Bicycle Capital, Geodesic Capital, ICONIQ Growth, IVP, Latitude Capital, IronArc Ventures, Altimeter Capital Management, DST Global, Sapphire Ventures, Kleiner Perkins, Lightspeed Venture Partners, General Catalyst, Sequoia Capital, Khosla Ventures, BZH Capital Partners and other undisclosed investors also participated in the round. The company is a developer of an AI-powered work assistance platform designed to improve workplace efficiency by connecting and managing enterprise data.

Gecko Robotics: The company raised $121.5 million of Series D venture funding in a deal led by Cox Enterprises on June 12, 2025, putting the company’s pre-money valuation at $1.1 billion. Founders Fund, US Innovative Technology Fund, Y Combinator, XN, and other undisclosed investors also participated in the round. The company is a developer of artificial intelligence-driven robotics systems designed for infrastructure inspection and predictive maintenance.

Nominal: The company raised $78 million of Series B venture funding in a deal led by Sequoia Capital on June 12, 2025. Lux Capital, Founders Fund, General Catalyst, and Lightspeed Venture Partners also participated in the round. The company is a developer of a software stack that enables hardware teams to test and iterate as rapidly as software teams.

PostHog: The company raised $70 million of Series D venture funding in a deal led by Stripe on June 9, 2025, putting the company’s pre-money valuation at $850 million. GV, Formus Capital and Y Combinator also participated in the round. The company is a developer of a product analytics platform designed to analyze, test, observe and deploy new features.

Logos: The company raised $50 million of Series A venture funding from US Innovative Technology Fund on June 12, 2025. The company is an operator of a Low Earth Orbit (LEO) satellite system purpose-built to serve the connectivity needs of enterprise and government users.

Lilt: The company raised $45.4 million of venture funding from undisclosed investors on June 10, 2025. The company is a developer of an enterprise translation platform designed to provide professional translation services to organizations globally.

Landbase: The company received $30 million of development capital from Picus Capital, Sound Ventures, A*, 8VC, Firstminute Capital and The General Partnership on June 12, 2025. The company is a developer of a lead generation platform intended to automate a go-to-market strategy using artificial intelligence agents.

Antimetal: The company raised $20 million of Series A venture funding in a deal led by Sound Ventures on June 13, 2025. Buckley Ventures, Naval Srinivasan, Nat Friedman, Daniel Gross, Aravind Srinivas, Ben Uretsky, Aaron Levie, Arash Ferdowsi and other undisclosed investors also participated in the round. The company is a developer of an automated cloud cost optimization platform designed for financial efficiency.

Outset.ai: The company raised $17 million of Series A venture funding in a deal led by 8VC on June 11, 2025. Bain & Company, Genius Ventures, Alt Capital (San Francisco), Rebel Fund, Adverb Ventures, Ritual Capital and Y Combinator also participated in the round. The company is an operator of artificial intelligence-interview tools intended to conduct and analyze qualitative research.

Remarcable: The company raised $15 million of Series A venture funding in a deal led by Insight Partners on June 10, 2025, putting the company’s pre-money valuation at $107 million. Other undisclosed investors also participated in the round. The company is a developer of a cloud-based platform that provides automated shipping status, special pricing, digital order acknowledgment, and invoice services.

Pokee AI: The company raised $11.9 million of venture funding from Samsung NEXT Ventures, SCB 10X and Jinqiu Capital on June 10, 2025. The company is a developer of an interactive AI agent intended to automate everyday tasks.

Try Your Best: The company raised $11 million of Series A venture funding in a deal led by Strobe Ventures and Offline Ventures on June 11, 2025. Coinbase Ventures, Castle Island Ventures and Unusual Ventures also participated in the round. The company is a developer of a Web3 business that focuses on building brand communities by connecting such communities with their customers through a gamified, “play-to-earn” platform.

Taiv: The company raised $10.5 million of Series A venture funding and debt in a deal led by IDC Ventures with participation from Aperiam Ventures, EMERGING, FJ Labs, Pioneer Fund, Mu Ventures, Garage Capital, Unpopular Ventures, Gaingels, Y Combinator and other undisclosed investors. The company is an operator of an AI-powered television advertising firm intended to show special and upcoming events during commercial breaks.

Altura: The company raised EUR 8 million of Series A venture funding in a deal led by Octopus Ventures on June 9, 2025. Fortino Capital Partners, Curiosity VC, Pawel Smoczyk, and Perry Oostdam also participated in the round. The company is a developer of bid management software designed for optimizing proposal creation and collaboration.

Polyarc: The company raised $5 million of venture funding from undisclosed investors on June 12, 2025. The company is an operator of a virtual reality game development studio based in Seattle.

Dream Sports Platform: The company is in the process of raising Series A venture funding on June 12, 2025. The company is a developer of a football gaming platform designed to enhance fan engagement through interactive digital experiences.

Jomboy Media: The company raised an undisclosed amount of venture funding from Major League Baseball on June 10, 2025. The company is an operator of a SportsTech product designed to serve clubs as well as fans, using cutting-edge Gaming (Unreal Engine) and FinTech technologies.

Zyphra: The company raised Series A venture funding on June 9, 2025, putting the company’s post-money valuation at $1 billion. The company is a developer of an autonomous agent platform designed for enterprises focused on conversational AI, automation, and personal assistants.

Bluejay Intelligence: The company raised an undisclosed amount of venture funding from Antigravity Capital on June 12, 2025. The company is a developer of an automated voice interaction testing system designed for quality assurance purposes.

Oxford Ionics / IonQ: The company reached a definitive agreement to be acquired by IonQ through a reverse merger for approximately $1 billion on June 9, 2025. The company is a developer of advanced quantum computing systems designed to create chips for high-performance applications.

Neon / Databricks: The company was acquired by Databricks for $1 billion on June 12, 2025. The company is a developer of open-source, cloud-native Postgre SQL solutions designed to create a cloud-native database service for developers.

Clay / Automattic: The company was acquired by Automattic for an undisclosed amount on June 12, 2025. The company is a developer of a customer relationship management platform designed to help professionals organize, manage, and nurture their personal and professional connections.

Cooking Vinyl / Exceleration Music: The company entered into a definitive agreement to be acquired by Exceleration Music through an LBO on June 9, 2025 for an undisclosed amount. The company is a UK-based independent record label.

Couranto / Prenax: The company was acquired by Prenax, via its financial sponsor LBO France, through an LBO on June 9, 2025 for an undisclosed amount. The company is an operator of a Software-as-a-Service platform offering cloud-based solutions for subscription, license, and contract management.

Fable / Scribd: The company was acquired by Scribd for an undisclosed amount on June 9, 2025. The company is a developer of a social networking platform designed to facilitate the discovery, discussion, and organization of books and television shows for mental wellness.

Interloop / Atlantic Tomorrows Office: The company was acquired by Atlantic Tomorrows Office for an undisclosed amount on June 10, 2025. The company is a developer of a sales forecasting and intelligence platform intended to provide insights into decision-making.

Mech / Zelgor Games: The company was acquired by Zelgor Games for an undisclosed amount on June 9, 2025. The company is a developer of an NFT-based metaverse gaming platform designed for players to earn in-game currency.

Merge Records / Secretly Group: The company was acquired by Secretly Group for an undisclosed amount on June 10, 2025. The company is an operator of an independent record label based in Durham, North Carolina.

Milk Video / Oktopost: The company was acquired by Oktopost for $10 million on June 11, 2025. The company is a developer of a video editing tool designed to turn webinar recordings into engaging video highlights.

mlSpatial / TruGolf: The company reached a definitive agreement to be acquired by TruGolf for an undisclosed amount on June 11, 2025. The company is a developer of artificial intelligence and machine learning technologies intended for spatial analysis and real-time data interpretation for hardware-integrated applications.

NannyML / Soda: The company was acquired by Soda for an undisclosed amount on June 9, 2025. The company is a developer of an artificial intelligence monitoring platform designed to detect data drift, concept drift, and estimate possible model degradation.

Quanta IO / Centreon: The company was acquired by Centreon for an undisclosed amount on June 10, 2025. The company is a developer of analytical software designed to improve website performance and increase conversion rates.

Re:Shark / Individual Investor: The company was acquired by Mr. Nawid Sadat through an LBO on June 10, 2025 for an undisclosed amount. The company is a developer of AI-powered automation software intended to offer targeted and personalized direct marketing campaigns.

SkyGrid / Wisk Aero: The company reached a definitive agreement to be acquired by Wisk Aero, a subsidiary of Boeing, for an undisclosed amount on June 10, 2025. The company is a developer of an AI and blockchain-based platform intended to integrate autonomous air vehicles into the global airspace.