Strategy | Financing Transactions
Private Placement / Financing Transactions

Augment: The company raised $227 million of Series B venture funding from Sutter Hill Ventures, Index Ventures, and Lightspeed Venture Partners on April 24, 2024, putting the company’s pre-money valuation at $750 million. Innovation Endeavors and Meritech Capital Partners also participated in the round. The company is a developer of artificial intelligence coding assistance software.

Cognition: The company raised $175 million of venture funding in a deal led by Founders Fund on April 24, 2024, putting the company’s pre-money valuation at $1.83 billion. The company is a developer of an autonomous artificial intelligence chatbot designed to manage development projects.

Parloa: The company raised $66 million of Series B venture funding in a deal led by Altimeter Capital Management on April 24, 2024. Newion Investments, Senovo, EQT Ventures, Mosaic Ventures, La Famiglia, Bastian Schweinsteiger and Mario Götze also participated in the round. The company is a developer of a conversational artificial intelligence platform intended for building automated dialogs.

Beehiiv: The company raised $32 million of venture funding from undisclosed investors on April 25, 2024. The company is a developer of an email newsletter platform for publishers.

Onebrief: The company raised $28.5 million of venture funding from Caffeinated Capital, Visary Capital, and Human Capital on April 22, 2024. The company is a developer of a visual strategy platform designed to provide mind mapping for the military.

Nooks: The company raised $22 million through a combination of debt, Series A1 and Series A2 venture funding in a deal led by Lachy Groom on April 24, 2024, putting the company’s pre-money valuation at $50 million. Tola Capital, Stifel Venture Banking and other undisclosed investors also participated in the round. The company is a developer of a meeting and video communication platform designed to host interactive workshops, classes, and conferences.

Footprint: The company raised $20 million of venture funding from undisclosed investors on April 25, 2024. The company is a developer of identity verification technology.

Builder.io: The company raised $20 million of Series A venture funding in a deal led by M12 on April 24, 2024, putting the company’s pre-money valuation at $68 million. The company is an operator of a visual headless content management system (CMS) platform intended for teams building composable commerce experiences, modern marketing sites, and multi-brand digital experiences.

Dropzone AI: The company raised $16.9 million in Series A venture funding in a deal led by Theory Ventures on April 25, 2024, putting the company’s pre-money valuation at $60 million. Decibel Partners, PSL Ventures, In-Q-Tel, Joshua Scott, Anshu Gupta and Garrett Held also participated in the round. The company is a developer of an intelligent augmentation platform intended to deliver pre-trained autonomous artificial intelligence security agents that work alongside human analysts on security operations teams.

Yoton Yo Studios: The company raised $15 million of Series A venture funding from undisclosed investors on April 25, 2024. The company is an operator of a media production and technology development business intended to focus on the real world, augmented reality, virtual reality, and Web3 deliverables.

HighByte: The company raised $12 million of Series A-1 venture funding in a deal led by Standard Investments on April 23, 2024, putting the company’s pre-money valuation at $28 million. Maine Venture Fund, Exposition Ventures, and other undisclosed investors also participated in the round. The company is a developer of data operations software designed to address the data architecture and integration challenges faced by industrial companies.

Altera: The company raised $9.1 million of venture funding from Patron (North America) and undisclosed investors on April 24, 2024. The company is a developer of an AI-powered IT management platform.

Anon: The company raised $6.5 million of venture funding from Impatient Ventures, Union Square Ventures and Abstract Ventures on April 25, 2024. ex/ante, Ryan Hoover, Gokul Rajaram, Scott Belsky and Amjad Masad also participated in the round. The company is a developer an API integration platform intended for multiplayer identity.

Mihira AI: The company raised $6 million of venture funding through a combination of equity and SAFE notes from undisclosed investors on April 22, 2024. The company is a developer of an AI-first digital creative cloud platform for storytellers.

FirstHive: The company raised $5 million of venture funding in a deal led by Saama Capital, Benhamou Global Ventures and Amit Singal on April 24, 2024. The company is a developer of an artificial intelligence-powered unified customer experience platform designed to create channel loyalty and consumer engagement.

Curio: The company is in the process of raising venture funding from Chris Anderson and Khosla Ventures on April 26, 2024. The company is an operator of an audio news platform.

Equativ: The company received an undisclosed amount of development capital from T.Capital on April 23, 2024. The company is a developer of direct and programmatic advertising software.

Gleeph: The company raised an undisclosed amount of venture funding from Ministry of Culture, Bpifrance and Banque des Territoires on April 24, 2024. The company is a developer of a social media application and virtual library.

memoryOS: The company raised an undisclosed amount of venture funding from Vesna Capital on April 22, 2024. The company is a developer of a gamified e-learning software.

Metablox: The company raised an undisclosed amount of venture funding from Samsung NEXT Ventures on April 26, 2024. The company is a developer of a network platform designed to provide decentralized WiFi coverage.

OmniAI: The company raised an undisclosed amount of venture funding from Imagination Capital on an undisclosed date. The company is a developer of a data analytics platform.

Roam: The company raised an undisclosed amount of venture funding from SNZ, DePIN Labs and JDI on April 22, 2024. Samsung NEXT Ventures, Anagram, Volt Capital, Comma3 Ventures, ECMC Group, Awesome People Ventures, Stratified Capital, Future3 Campus, IoTeX, ZC Capital and Synergis Capital also participated in the round. The company is a developer of a mobile connectivity platform designed to be powered by web3 technology.

Xapien: The company is in the process of raising Series A venture funding on April 24, 2024. The company is a developer of an artificial intelligence-based online research platform designed for third party risk management.


M&A Transactions

HashiCorp / International Business Machines: The company reached a definitive agreement to be acquired by International Business Machines for $6.4 billion on April 24, 2024. HashiCorp Inc is a developer of cloud infrastructure solution software.

Darktrace / Thoma Bravo: The company entered into a definitive agreement to be acquired by Thoma Bravo through a $5.3 billion public-to-private LBO on April 26, 2024. Darktrace PLC is a provider of enterprise AI and cybersecurity software.

Drone Racing League / Infinite Reality: The company reached a definitive agreement to be acquired by Infinite Reality, a subsidiary of Display Social, for $250 million on April 23, 2024. The company is an operator of drone racing competitions and events.

Polar Semiconductor / Niobrara Capital Partners & Prysm Capital: The company entered into a definitive agreement to be acquired by Niobrara Capital Partners and Prysm Capital through a $175 million LBO on April 25, 2024. The company is a manufacturer of automotive-grade semiconductors intended to power vehicles, appliances and industrial products.

SeaChange International / Enghouse Systems: The company reached a definitive agreement to be acquired by Enghouse Systems for $39 million on April 24, 2024. SeaChange International Inc is a provider of multiscreen video solutions for television service providers, telecommunications companies, satellite operators, and media companies.

Golden / ComplyAdvantage: The company was acquired by ComplyAdvantage for an undisclosed amount on April 23, 2024. The company is a develper of a self-constructing knowledge database.

HipHopDX / Uproxx Media Group: The company, a subsidiary of Warner Music Group, was acquired by Uproxx Media Group for an undisclosed amount on April 24, 2024. The company is a publisher of music news and information along with songs, videos and interviews focused on the hip-hop genre.

Mirage / Harvey: The company was acquired by Harvey for an undisclosed amount on April 23, 2024. The company is a developer of custom large language models.

Optic / Atlassian: The company was acquired by Atlassian for an undisclosed amount on April 25, 2024. The company is a developer of a management platform designed to automate routine programming.

SaltWire / Unknown Investor: The company has received bids to be acquired for an undisclosed amount on April 27, 2024. The company is an operator of a broadcasting and media production company based in Halifax, Nova Scotia.

Warrant / WorkOS: The company was acquired by WorkOS for an undisclosed amount on April 23, 2024. The company is a developer of an authorization integration platform for microservices, frontend applications, cloud environments, and edge runtimes.


Source: Pitchbook Data, Inc.

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