Technology Private Placement and M&A Transactions Review Week Ending April 30, 2023

Pinecone: The company raised $100 million of Series B venture funding in a deal led by Andreessen Horowitz on April 27, 2023, putting the company’s pre-money valuation at $650 million. Wing Venture Capital, Menlo Ventures and ICONIQ Growth also participated in the round. The company is a developer of a vector database platform intended to deploy complex machine learning applications at scale.

Replit: The company raised $97.4 million of Series B2 venture funding in a deal led by Andreessen Horowitz on April 25, 2023, putting the company’s pre-money valuation at $1.06 billion. Bloomberg Beta, Coatue Management, Khosla Ventures, ARK Ventures, Y Combinator, Hamilton Helmer, Naval Ravikant and SV Angel also participated in the round. The company is an operator of an online programming and computing platform intended to make coding accessible.

Telepathy Labs: The company raised $29.5 million of venture funding from undisclosed investors on April 24, 2023. The company is a developer of voice and chat-bot technology designed to deliver human-computer understanding.

Katmai: The company raised $22 million of Series A venture funding in a deal led by Starr Insurance Group on April 24, 2023. Sidney Rice and other undisclosed investors also participated in the round. The company is a developer of a three-dimensional video conferencing platform intended to improve the quality of team collaboration remotely.

Harvey: The company raised $21 million of Series A venture funding in a deal led by Sequoia Capital on April 26, 2023. OpenAI Startup Fund , Conviction Investment Partners, SV Angel, and Elad Gil also participated in the round. The company is a developer of a generative AI legal tech application designed to help law practitioners with their tasks.

Relay: The company raised $13 million of Series A venture funding from Wind River Ventures, Sovereign’s Capital and other undisclosed investors on April 26, 2023. The company is a developer of a cloud-based platform that helps frontline teams improve communications in Hospitality, Healthcare, Facilities Management, and other industries.

Ox: The company raised $12.6 million through a combination of debt and Series A venture funding in a deal led by MaC Venture Capital and BBG Ventures (North America) on April 24, 2023, putting the company’s pre-money valuation at $30 million. Vuzix, Agya Ventures, Atento Capital, Florida Funders, KCRise Fund, Revolution/ROTR, Cortado Ventures and TechSquare Labs also participated in the round. The company is a developer of augmented reality software designed to optimize warehouse operations.

BigBrain: The company raised $8.5 million of venture funding from undisclosed investors on April 28, 2023. The company is a developer of interactive platforms designed to provide digital entertainment.

IRIS: The company raised $7 million of Series A venture funding in a deal led by Puma Private Equity on April 26, 2023. Gibbs City Investments, TAG Group, Toby Brzoznowski and other undisclosed investors also participated in the round. The company is a developer of an audio technology designed to remove background noise from business communications.

Mapped: The company raised $5.3 million of venture funding in the form of convertible debt from Honeywell Ventures, Rowan Trollope and other undisclosed investors on April 25, 2023. The company is a developer of an AI-powered data infrastructure platform designed for commercial and industrial IoT.

Neurable: The company raised an undisclosed amount of venture funding from Epson X Investment Corporation on April 24, 2023. The company is a developer of virtual reality software designed to create a brain-computer interface directed toward virtual and augmented reality.

Ask AiME / Immoviewer: The company was acquired by Immoviewer, via its financial sponsor VTV vision to value, through an LBO on April 24, 2023 for an undisclosed amount. The company is a developer of an AI-powered chatbot intended to improve customer service and support for businesses.

Centage(Boston) / Scaleworks: The company was acquired by Scaleworks through an LBO on April 26, 2023 for an undisclosed amount. The company is a developer of a cloud-based budgeting and forecasting platform designed to optimize business performance based on complete, accurate and current data.

Future WorkForce Global / AROBS Transilvania Software: The company was acquired by AROBS Transilvania Software for an undisclosed amount on April 26, 2023. The company specializes in providing intelligent automation solutions through Robotic Process Automation, Artificial Intelligence, and Machine Learning.

iLearningEngines / Arrowroot Acquisition: The company was acquired by Arrowroot Acquisition for an undisclosed amount on April 27, 2023. The company is a developer of a learning automation platform intended to help enterprises to deliver firm-specific training to their employees.

Independent Arts Software / astragon Entertainment: The company was acquired by astragon Entertainment, a subsidiary of Team17 Digital, for an undisclosed amount on April 28, 2023. The company is a developer of commercial game software based in Hamm, Germany.

Tripleseat Software / General Atlantic: The company was acquired by General Atlantic through an LBO on April 27, 2023 for an undisclosed amount. The company is a developer of a cloud-and mobile-based event management software intended for fine and casual dining, hotels, catering, bars, restaurants and other industries.

Unstack / Elastic Path: The company was acquired by Elastic Path, via its financial sponsors BlackRock and Sageview Capital, through an LBO on April 26, 2023 for an undisclosed amount. The company is a developer of a media platform designed to build high-performance websites, blogs and landing pages.

Vezbi / World Partners for Healthcare: The company was acquired by World Partners for Healthcare  for an undisclosed amount on January 27, 2023. The company is a developer of a community-driven mobile application designed to host an interactive virtual community.

Vintra / OpenEye: The company was acquired by OpenEye, a subsidiary of Alarm.com Holdings, for an undisclosed amount on April 25, 2023. The company is a developer of an artificial intelligence-powered video analytics tool designed to conduct accurate investigative reviews of digital videos.

Voodoo Tracks / Audio Network: The company was acquired by Audio Network, a subsidiary of Entertainment One, for an undisclosed amount on April 25, 2023. The company is a provider of a music library featuring authentic traditional and contemporary latin music for media.

Wagr / Yahoo: The company was acquired by Yahoo, via its financial sponsor Apollo Global Management, through an LBO on April 25, 2023 for an undisclosed amount. The company is a developer of an online betting platform designed to allow all sports fans to bet with peers in a social way.

WeTrack / Momentus Technologies: The company was acquired by Momentus Technologies, via its financial sponsors Cove Hill Partners and Radian Capital, through an LBO on April 26, 2023 for an undisclosed amount. The company is a developer of a cloud-based project management software designed to offer tools for managing large events and other complex projects.