Technology Private Placement and M&A Transactions Review Week Ending April 16, 2023

Celestial AI: The company raised $95.8 million of venture funding from undisclosed investors on April 13, 2023. The company is a developer of a data center and edge AI computing technology designed to serve deep learning and machine learning applications.

Kepler Communications: The company raised $92 million of Series C venture funding in a deal led by IA Ventures on April 13, 2023. BDC Capital, Costanoa Ventures, Tribe Capital, and Canaan Partners also participated in the round. The company is an operator of an advanced network of low earth orbit satellites.

Teamworks: The company raised $65 million of Series E venture funding in a deal led by Dragoneer Investment Group on April 12, 2023. Seaport Capital, Delta-v Capital, Teamworthy Ventures, Hyperspace Ventures, and other undisclosed investors also participated in the round. The company is a developer of an athlete engagement application designed to direct sports teams in an organized manner.

NetBox Labs: The company raised $20 million of Series A venture funding in a deal led by Flybridge Capital Partners on April 11, 2023, putting the company’s pre-money valuation at $21 million. Grafana Labs, International Business Machines, Founder Collective, Entrée Capital, Two Sigma Venture, Mango Capital (Venture Capital), and other undisclosed investors also participated in the round. The company is an operator of a cloud-based platform intended to simplify and accelerate network automation.

Cardinality.ai: The company received $12.5 million of development capital from Boathouse Capital amd other undisclosed investors on April 13, 2023. The company is a developer of an AI cloud-based case management software dedicated to helping government agencies achieve improved outcomes.

Prophet Exchange: The company raised $10 million of venture funding from Chicago Trading Company, Mixi Group and Ninjabet on April 10, 2023. Sharp Alpha Advisors, MaC Venture Capital and GFR Fund also participated in the round. The company is a developer of an online marketplace designed to conduct sports betting both in the primary and secondary markets.

BeyondPlay: The company raised EUR 5 million of venture funding in a deal led by Bettor Capital on April 13, 2023. Tigrim, Winforton Investments, Feda Mecan, Mark Blandford, Alexandre Tomic, and other undisclosed investors also participated in the round. The company is a developer of a multiplayer entertainment platform intended for real-money gaming.

Grand-Attic: The company raised $5.3 million of venture funding in a deal led by Makers Fund on April 13, 2023, putting the company’s pre-money valuation at $8.6 million. Griffin Gaming Partners, Akin Babayigit, Şekip Can Gökalp and other undisclosed investors also participated in the round. The company is a developer of mobile games designed for casual gaming.

Sinverse: The company raised an undisclosed amount of venture funding from DWF Labs on April 11, 2023. The company is an operator of a metaverse multiplayer gaming platform intended to offer digital real-estate building games.

3D Repo / Asite Solutions: The company was acquired by Asite Solutions for an undisclosed amount on April 12, 2023. The company is a developer of a cloud-based platform designed to offer an open-source 3D version control system.

Appy Perks / Xalles Holdings: The company was acquired by Xalles Holdings for an undisclosed amount on April 11, 2023. The company is a developer of an internet marketing application intended for businesses to offer perks and reach a wider audience.

C Space / Escalent: The company, a subsidiary of Omnicom Group, was acquired by Escalent, via its financial sponsor STG Partners, through an LBO on April 12, 2023 for an undisclosed amount. The company is an operator of an online customer community platform designed to conduct brand innovation and customer insight research services.

Cohesive AI / Unacademy: The company was acquired by Unacademy for an undisclosed amount on April 12, 2023. The company is a developer of artificial intelligence software based in San Francisco, California.

CrewFire / BrandChamp: The company was acquired by BrandChamp for an undisclosed amount on April 10, 2023. The company is an operator of social media platforms intended to create and share content and help brands enhance their growth.

Datatrac / Valsoft Corporation: The company was acquired by Valsoft Corporation for an undisclosed amount on April 13, 2023. The company is a developer of a cloud-based logistics platform designed to provide users with full access to their last-mile data from a web browser.

Parler / Starboard: The company was acquired by Starboard for an undisclosed amount on April 14, 2023. The company is a developer of a social networking platform intended to protect users’ rights, support publishers, and build online communities.

Prime Focus Technologies / DNEG: The company has entered into a definitive agreement to be acquired by DNEG, via its financial sponsors AID Partners Capital and Novator Partners, through an LBO on April 13, 2023 for an undisclosed amount. The company is a developer of media technology applications intended to serve the global media and entertainment industry.

Reely / VideoVerse: The company was acquired by VideoVerse for an undisclosed amount on April 11, 2023. The company is a developer of an AI-powered video platform designed to provide real-time sports and esports highlights.

Wrapify / Wrapmate: The company was acquired by Wrapmate for an undisclosed amount on April 10, 2023. The company is a provider of out-of-home performance-driven advertising services intended to connect drivers and brands to create on-vehicle marketing messages.

Bose Professional / Transom Capital Group: The company, a subsidiary of Bose, was acquired by Transom Capital Group through an LBO on April 1, 2023 for an undisclosed amount. The company is a manufacturer of commercial audio systems for public establishments.