Technology Private Placement and M&A Transactions Review Week Ending April 6, 2025

OpenAI: The company raised $40 billion of venture funding in a deal led by SoftBank Group on March 31, 2025, putting the company’s pre-money valuation at $260 billion. The company is a developer of an artificial intelligence-based research and deployment platform designed to create an artificial general intelligence.

Runway: The company raised $308 million of Series D venture funding in a deal led by General Atlantic on April 3, 2025, putting the company’s pre-money valuation at $3 billion. Nvidia, Baillie Gifford, Fidelity Management & Research Company, SoftBank, and other undisclosed investors also participated in the round. The company is a developer of generative artificial intelligence research and technologies, and is focused on creating products for generating videos, images, and multimedia content.

Redpanda: The company raised $100 million of Series D venture funding in a deal led by GV on April 3, 2025, putting the company’s pre-money valuation at $900 million. Lightspeed Venture Partners also participated in the round. The company is a developer of a streaming data platform designed to record both real-time and historical enterprise data.

Sports Illustrated Tickets: The company raised $24.4 million of Series A2 venture funding from undisclosed investors on March 31, 2025, putting the company’s pre-money valuation at $43 million. The company is an operator of a reservation platform designed to give fans direct access to face-value tickets for sports and other events.

Gable: The company raised $20 million in Series A venture funding in a deal led by Crane Venture Partners on March 31, 2025, putting the company’s pre-money valuation at $80 million. Databricks Ventures, Capital One Ventures, In-Q-Tel, B Capital Group, Zetta Venture Partners, Essence Venture Capital, WillowTree Investments, Roosh Ventures, InvestInData, Barr Moses, Tristan Handy and other undisclosed investors also participated in the round. The company is a developer of a B2B data infrastructure SaaS management platform designed to enhance data visibility and governance for machine learning models and analytics.

Ottometric: The company raised $10.3 million of Series A venture funding from Schooner Capital and PS27 Ventures on March 31, 2025, putting the company’s pre-money valuation at $24.7 million. The company is a developer of a verification software technology that analyzes sensor and system data to validate the correct operation of ADAS/AV systems.

CaptivateIQ: The company raised an undisclosed amount of venture funding from Flex Capital in April, 2025. The company is a developer of a sales commission management platform designed to offer automated commission tracking.

DRIMCo: The company raised an undisclosed amount of venture funding from Ventech in April 2025. The company is a developer of an AI-powered enterprise platform designed to analyze documents and optimize business processes.

Ergo: The company raised an undisclosed amount of venture funding from FundersClub in approximately April 2025. The company is a developer of AI-based CRM automation software designed to streamline sales operations and enhance team productivity.

FloSports: The company raised an undisclosed amount of Series D venture funding in a deal led by Dream Sports on April 1, 2025. BDMI, Warner Bros. Discovery, Discovery Communications Ventures, Fiume Capital, Causeway Media Partners and DCM Ventures also participated in the round. The company is a developer of a direct-to-consumer sports video streaming platform offering live and on-demand access.

Soundpatrol: The company received an undisclosed amount of development capital from Claritas Capital in April 2025. The company is an operator of a music rights monitoring and surveillance company based in Los Angeles, California.

Vizonare: The company raised an undisclosed amount of venture funding from Spatial Capital in April 2025. The company is a developer of a spatial computing platform designed to plan, visualize, and guide works using 3D models of physical locations.

Voicing.AI: The company raised an undisclosed amount of venture funding from Astarc Ventures in April 2025. The company is a developer of conversational artificial intelligence intended to automate customer interactions.

Zepta: The company raised an undisclosed amount of venture funding from Technologiegründerfonds Sachsen, GIMIC Ventures and bm-t Beteiligungsmanagement Thuringen on April 5, 2025. Chemovator also participated in the round. The company is a developer of a digital pest control tool designed for industrial facilities.

Dotmatics / Siemens: The company reached a definitive agreement to be acquired by Siemens for $5.1 billion on April 2, 2025. The company is a developer of R&D software for scientists and labs that helps with data analysis, genomics, assay development, flow cytometry, sequence analysis, cloning, computational fluid dynamics, protein characterization, materials development, and formulations.

airfocus / Lucid Software: The company was acquired by Lucid Software for an undisclosed amount on April 3, 2025. The company is a developer of a product development and management platform designed to help teams collaborate and align on a common product vision.

Apptronik / Unknown Investor: The company entered into a definitive agreement to be acquired through an LBO on April 5, 2025 for an undisclosed amount. The company is a robotics company that has designed and developed the Apollo humanoid general-purpose robot.

GetGloby / MotionPoint: The company was acquired by MotionPoint, via its financial sponsor Lightview Capital, through an LBO on April 3, 2025 for an undisclosed amount. The company is a developer of translation software designed to connect companies to worldwide audiences.

Humanising Autonomy / Nextbase: The company was acquired by Nextbase, via its financial sponsor Sandton Capital Partners, through an LBO on March 31, 2025 for an undisclosed amount. The company is a developer of artificial intelligence software for the Advanced Driver Assistance Systems (ADAS) market.

Loci / Epic Games: The company was acquired by Epic Games for an undisclosed amount on April 2, 2025. The company is a developer of a photorealistic engine platform designed to render virtual scenes.

Metron Aviation / Stratify Aerospace: The company was acquired by Stratify Aerospace for an undisclosed amount on April 1, 2025. The company is a developer of advanced software designed to optimize air traffic management processes.

Modjoul / Solaia Capital Advisors: The company was acquired by Solaia Capital Advisors and its management through an LBO on April 3, 2025 for an undisclosed amount. The company is a developer of wearable devices designed to provide data and actionable insights to eliminate employee injuries in the workplace.

Moonage Pictures / ITV Studios: The company was acquired by ITV Studios for an undisclosed amount on April 1, 2025. The company is an operator of a scripted drama production business based in London, United Kingdom.

Red Bee Media / Simply.TV: The Content Discovery Business division of Red Bee Media was acquired by Simply.TV, via its financial sponsor Summit Partners, through an LBO on April 2, 2025 for an undisclosed amount. The company is an operator of a content discovery business based in the United Kingdom.

SparkBase AI / Individual Investors: The company was acquired by Tim Hoefnagel and Jonathan de Zoete for an undisclosed amount on April 1, 2025. The company is a developer of an AI-powered sales agent designed to automate high-intent sales call bookings and campaign execution.

StormForge / CloudBolt: The company was acquired by CloudBolt for an undisclosed amount on March 31, 2025. The company is a developer of a performance testing and application optimization platform intended to help businesses drive information technology and operations efficiency.

Tixologi / Punchup: The company was acquired by Punchup for an undisclosed amount on April 2, 2025. The company is is a ticketing platform designed to help event producers and venues sell more tickets by offering customization, ticket control, and marketing features, with a focus on using blockchain technology for security and authenticity.

Wappier / WBM Capital: The company reached a definitive agreement to be acquired through a reverse merger by WBM Capital on April 2, 2025. The company provides AI-powered revenue optimization solutions for mobile games, apps, and wireless carriers, helping businesses maximize user lifetime value and consumer spending through data analysis and personalized experiences.