Technology Private Placement and M&A Transactions Review Week Ending August 18, 2024

EliseAI: The company raised $75 million through a combination of debt and Series D venture funding in a deal led by Sapphire Ventures on August 14, 2024, putting the company’s pre-money valuation at $980 million. Navitas Capital, Point72 Ventures, DivcoWest, and Koch Real Estate Investments also participated in the round. The company is a developer of a conversational artificial intelligence platform for property management.

Guidewheel: The company raised $31 million of Series B venture funding in a deal led by Decarbonization Partners and BlackRock on August 13, 2024, putting the company’s pre-money valuation at $84 million. Ecolab, Temasek, Greycroft, Rethink Impact, GSBackers and Breakthrough Energy also participated in the round. The company is a developer of artificial intelligence-powered factory operations software.

Tidal: The company raised $21 million of venture funding in a deal led by Perry Creek Capital on August 13, 2024. Create Health Ventures also participated in the round. The company is a developer of artificial intelligence technology intended to make the aquaculture industry more sustainable.

ITpipes: The company received $20 million of development capital from Trilogy Search Partners and Miramar Equity Partners on August 13, 2024. The company is a developer of pipeline inspection software intended for efficient integration of asset inspection data into a single, easy-to-use system.

CruxOCM: The company raised $17 million of Series A venture funding in a deal led by M12 on August 14, 2024. ONEOK, Cendana Capital, Industry Ventures, Pipeline Capital Partners, Golden Ventures, Angular Ventures, Root Ventures, Bullpen Capital, EIC Rose Rock and Raven Indigenous Capital Partners also participated in the round. The company is a developer of operations control management software designed to simplify the complexity and inefficiencies associated with standard operations control rooms.

ArborXR: The company raised $12 million of venture funding in a deal led by Cortado Ventures and Mercury Fund on August 13, 2024. Impact Venture Capital and Lewis & Clark Ventures also participated in the round. The company is a developer of an extended reality device management platform.

Consensus: The company raised $11.5 million in Series A venture funding in a deal led by Union Square Ventures on August 14, 2024, putting the company’s pre-money valuation at $28 million. Draper Associates, Alumni Ventures, Nat Friedman, Daniel Gross and Kevin Carter also participated in the round. The company is a developer of an AI-based search engine platform designed to find answers in scientific research papers.

Boosted.ai: The company received $10 million of development capital from Canadian Imperial Bank of Commerce on August 15, 2024. The company is a developer of machine learning software designed to enhance investment decision-making processes through deep analysis of market data.

MemGPT: The company raised $10 million of venture funding in a deal led by Felicis on August 12, 2024, putting the company’s pre-money valuation at $60 million. The company is a developer of a language model system designed to enhance LLMs with long-term memory capabilities.

Spline: The company raised $10 million of Series A venture funding in a deal led by Third Point Ventures on August 13, 2024. Gradient Ventures, Firestreak Ventures, Y Combinator, Jorn van Dijk and Guillermo Rauch also participated in the round. The company is a developer of a design tool for building three-dimensional website experiences without coding.

Dottxt: The company raised $7.6 million of venture funding from undisclosed investors on August 16, 2024. The company is an operator of a software development business intended to offer language learning machines for machine language.

Powerlytics: The company raised $5.9 million of venture funding from undisclosed investors on August 15, 2024. The company is a developer of a market intelligence platform designed to provide predictive analytics for consumer and business financial data.

Rabot: The company raised $5 million of venture funding from undisclosed investors on August 15, 2024. The company is a developer of process automation tools designed to reduce repetitive work and improve worker efficiency in warehouses.

SYSLabs: The company raised an undisclosed amount of venture funding from Dewhales Capital and other undisclosed investors on August 16, 2024. The company is a developer of web3 application products intended to support decentralized blockchain applications.

iconectiv / Koch Equity Development: The company entered into a definitive agreement to be acquired by Koch Equity Development through a $1 billion LBO on August 16, 2024. The company is a developer of a cloud-based information as a service network and operations management solutions for digital identity management and fraud prevention.

Terran Orbital / Lockheed Martin: The company reached a definitive agreement to be acquired by Lockheed Martin, for $322.65 million on August 15, 2024. Terran Orbital Corp is a manufacturer of satellite products primarily serving the aerospace and defense industries.

Perceive / Amazon: The company, a subsidiary of Xperi reached a definitive agreement to be acquired by Amazon for $80 million on August 16, 2024. The company is a developer of an edge inference processor intended to deliver data center-class accuracy and performance at ultra-low power for consumer devices.

Betting Hero / GeoComply Solutions: The company, a subsidiary of FansUnite, was acquired by Mr. Jai Maw, Mr. Jeremy Jakary and GeoComply Solutions for $37.5 million on August 15, 2024. The company is an operator of a live event network designed to streamline customer onboarding for sports betting operators.

Advantix Solutions Group / ScanSource: The company was acquired by ScanSource for an undisclosed amount on August 15, 2024. The company is a provider of managed connectivity experience services intended for wireless enablement and expense management.

Black Sky Creative / Sony Music Masterworks: The company was acquired by Sony Music Masterworks for an undisclosed amount on August 13, 2024. The company is a provider of entertainment programs based in Los Angeles, California.

Copycopter / Social Jool: The company, a subsidiary of Kyzobuilds, was acquired by Social Jool for an undisclosed amount on August 13, 2024. The company is a provider of AI-driven video generation services.

EKB Groep / Eiffage Energie Systems: The company, a subsidiary of TKH Group, was acquired by Eiffage Energie Systems for an undisclosed amount on August 16, 2024. The company is a developer of industrial automation solutions.

Hera Systems / Redwire: The company reached a definitive agreement to be acquired by Redwire for an undisclosed amount on August 14, 2024. The company is an operator of a satellite information and analytics company.

MaxBounty / mrge: The company was acquired by mrge, via its financial sponsor Waterland Private Equity Investments, through an LBO on August 13, 2024 for an undisclosed amount. The company is a provider of advertising services.

Morpheus Data / Hewlett Packard Enterprise: The company reached a definitive agreement to be acquired by Hewlett Packard Enterprise for an undisclosed amount on August 15, 2024. The company is a developer of cloud-based applications and infrastructure designed to manage hybrid clouds.

OneSoft Solutions / Irth Solutions: The company entered into a definitive agreement to be acquired by Irth Solutions, via its financial sponsor Blackstone, through a public-to-private LBO on August 12, 2024 for an undisclosed amount. OneSoft Solutions Inc is a developer of cloud-based software solutions for select markets.

SmartSimple Software / Foundant Technologies: The company was acquired by Foundant Technologies, via its financial sponsor L Squared Capital Partners, through an LBO on August 13, 2024 for an undisclosed amount. The company is a developer of business management software.

StatsBomb / Hudl (Bain Capital Tech Opportunities): The company was acquired by Hudl, via its financial sponsor Bain Capital Tech Opportunities, through an LBO on August 12, 2024 for an undisclosed amount. The company is a developer of football analytics software.

Surfer Rosa / SGT German Private Equity: The company was acquired by SGT German Private Equity (FRA: GAI) for an undisclosed amount on August 12, 2024. The company is a provider of game credits, gift cards and prepaid cards based in Douglas, United Kingdom.

WSO2 / BPEA EQT: The company was acquired by BPEA EQT through an LBO on August 13, 2024 for an undisclosed amount. The company is a developer of an open-source middleware platform designed to simplify the way enterprises deliver and scale digital experiences.

Wushu Studios / Keywords Studios: The company was acquired by Keywords Studios (LON: KWS) for an undisclosed amount on August 13, 2024. The company is an operator of a game development studio.

Source: Pitchbook Data, Inc.