Technology Private Placement and M&A Transactions Review Week Ending August 11, 2024

FLYR: The company raised $295 million through a combination of Series D equity and debt funding on August 8, 2024, putting the company’s pre-money valuation at $900 million. The company is a developer of a revenue management platform intended to improve performance and modernize the e-commerce experience through accurate forecasting, automation, and analytics.

Perplexity: The company raised $250 million of venture funding from SK Telecom, Camford Capital and Mana Ventures on an undisclosed date. The House Fund and SoftBank Group also participated in the round. The company is a developer of an artificial intelligence-based platform designed to provide large language models and search engines.

Opal Camera: The company raised $60 million of Series B venture funding in a deal led by OpenAI on August 7, 2024, putting the company’s pre-money valuation at $255 million. The company is a manufacturer of professional webcam products.

Rewst: The company raised $45 million Series C of venture funding in a deal led by Sapphire Ventures on August 8, 2024. OpenView Venture Partners and Meritech Capital Partners also participated in the round. The company is a developer of robotic process automation technology designed for smaller managed services providers.

Knime: The company received EUR 30 million of development capital from The Invus Group on August 6, 2024. The company is a developer of open-source enterprise software designed to produce data analytics using visual programming.

Datch: The company raised $15 million of Series A venture funding in a deal led by Third Prime and Blackhorn Ventures on August 7, 2024, putting the company’s pre-money valuation at $35 million. HOLT Ventures, AE Industrial Partners, Park Partners Capital, Susquehanna Asia Investments, AEI HorizonX, Blue Bear Capital, Stage Venture Partners, Lorimer Ventures and Plug and Play Tech Center also participated in the round. The company is a developer of an artificial intelligence platform designed to connect the industrial workforce to systems of record.

Neon: The company raised $25 million of venture funding in a deal led by M12 on August 7, 2024. General Catalyst, Notable Capital, Abstract Ventures, and Menlo Ventures also participated in the round. The company is a developer of an open-source cloud-native database service for developers.

Sundial: The company raised $23.4 million of venture funding from undisclosed investors on August 6, 2024. The company is a developer of a data insights system designed to automate product analysis.

Levitate: The company raised $15 million of Series D venture funding in a deal led by Northwestern Mutual Future Ventures, Bull City Partners and Harbert Growth Partners on August 8, 2024. The company is a developer of a customer relationship management platform.

Napkin AI: The company raised $10 million of venture funding from Accel and CRV on August 7, 2024. The company is a developer of a document editor platform designed to illustrate thoughts visually.

Nexa AI: The company raised $8.8 million of venture funding from undisclosed investors on August 8, 2024. The company is a developer of a generative AI platform intended to deliver personalized content.

AiFi: The company raised $6.7 million of Series BB venture funding from undisclosed investors on August 7, 2024. The company is a developer of a store automation platform intended to deliver auto-checkout operations for retailers.

Kebotix: The company raised $5 million of Series A venture funding from undisclosed investors on August 5, 2024, putting the company’s pre-money valuation at $20 million. The company is a developer of an AI technology designed to assist in the discovery of chemicals and materials.

Fisent Technologies: The company raised an undisclosed amount of venture funding from Pegasystems, Sand Dollar Capital and other undisclosed investors on August 6, 2024. The company is a developer of an AI-powered platform designed to automate key business operations.

Reflection AI: The company raised an undisclosed amount of venture funding led by Sequoia Capital on August 8, 2024, putting the company’s post money-valuation at $100 million. The company is a developer of automatic chatbots intended for businesses to reply to queries.

Fusebox / Nazara Technologies: The company was acquired by Nazara Technologies for INR 2.3 billion on August 8, 2024. The company is a developer of mobile games intended to create new ways to engage with television shows.

Acqueon Technologies / Five9: The company reached a definitive agreement to be acquired by Five9 for an undisclosed amount on August 8, 2024. The company is a developer of a conversational engagement platform designed to proactively engage with customers, patients and citizens across different channels.

BidOut / Enverus: The company was acquired by Enverus, via its financial sponsors Genstar Capital and Hellman & Friedman, through an LBO on August 6, 2024 for an undisclosed amount. The company is a developer of an AI-powered procurement platform intended to streamline the bidding process and connect more service providers to customers.

ChannelMix / InMarket: The company was acquired by InMarket for an undisclosed amount on August 5, 2024. The company is a developer of an analytics platform.

Cyclops / Ooono: The company was acquired by Ooono for an undisclosed amount on August 6, 2024. The company is a developer of a speed camera alert platform designed to offer accurate and reliable safety camera databases and smart software.

Drivewyze / Bestpass: The company was acquired by Bestpass, via its financial sponsor Insight Partners, through an LBO on August 7, 2024 for an undisclosed amount. The company is a developer of a smart mobility platform intended to deliver highway safety and transportation management.

Energy Central / Smooth Media: The company was acquired by Smooth Media for an undisclosed amount on August 6, 2024. The company is a developer of a social network platform for power industry professionals.

Gebbia Entertainment / Siebert Financial: The company was acquired by Siebert Financial, a subsidiary of Kennedy Cabot Acquisition, for an undisclosed amount on August 8, 2024. The company is a provider of music-related services catering to the entertainment sector.

Golaem / Autodesk: The company was acquired by Autodesk for an undisclosed amount on August 5, 2024. The company is a developer of a platform designed to develop tools to animate digital characters.

Innovate Live / Arcstream Av: The company was acquired by Arcstream Av for an undisclosed amount on August 6, 2024. The company is an operator of an events and broadcast company based in London, England.

JERA / JTL Software: The company was acquired by JTL Software, via its financial sponsor Hg, through an LBO on August 5, 2024 for an undisclosed amount. The company is a developer of business software intended to offer enterprise resource planning services.

Kronologic / East 11 Ventures: The company was acquired by East 11 Ventures through an LBO on August 7, 2024 for an undisclosed amount. The company is a developer of meeting schedule management software designed to monetize and automate team calendars.

MavSign / 1876 Partners: The company was acquired by 1876 Partners through an LBO on August 6, 2024 for an undisclosed amount. The company is a developer of a remote signing platform designed to offer fast and secure onsite and offsite professional services for the retail automotive industry.

MercuryGate International / Kohlberg Kravis Roberts: The company entered into a definitive agreement to be acquired by Körber Supply Chain, via its financial sponsor Kohlberg Kravis Roberts, through an LBO on August 6, 2024 for an undisclosed amount. The company is a developer of a transportation management system.

Soft Robotics / Schmalz: The Gripper Business of Soft Robotics was acquired by Schmalz for an undisclosed amount on August 6, 2024. The company is a developer of soft robotic grippers focused on automating labor-intensive processes.

Staircase AI / Gainsight: The company was acquired by Gainsight, via its financial sponsors, Vista Equity Partners and Sprout Capital Partners, through an LBO on August 8, 2024 for an undisclosed amount. The company is a developer of an AI-based customer relationship management platform designed to monitor, scale, and develop relationships between clients and vendors by analyzing real-time engagements.

Tinybio Cloud / Seqera: The company was acquired by Seqera for an undisclosed amount on August 6, 2024. The company is a developer of AI tools for life science professionals.

Veo Robotics / Symbotic: The company’s assets were acquired by Symbotic for $8.7 million on August 8, 2024. The company is a manufacturer of industrial automation products intended to create industrial robots that work safely and efficiently alongside people.

XetHub / Hugging Face: The company was acquired by Hugging Face for an undisclosed amount on August 8, 2024. The company is a developer of a collaboration platform designed to manage and version large-scale data repositories.

ZeeVee / Kramer Electronics: The company was acquired by Kramer Electronics, via its financial sponsor Fortissimo Capital, through an LBO on August 6, 2024 for an undisclosed amount. The company is a developer of an audio-video over internet protocol (AVoIP) platform designed to ensure quality video to be displayed on various devices.

Source: Pitchbook Data, Inc.