Technology Private Placement and M&A Transactions Review Week Ending December 14, 2025

OpenAI: The company is in the process of raising $1 billion of venture funding from The Walt Disney on December 11, 2025. The company is a developer of machine learning systems designed for general-purpose artificial intelligence applications.

Harness: The company raised $200 million of Series E venture funding in a deal led by The Goldman Sachs Group on December 11, 2025, putting the company’s pre-money valuation at $5.3 billion. JAZ Capital Partners IVP, Menlo Ventures, Unusual Ventures and other undisclosed investors also participated in the round. The company is a developer of an AI-powered software delivery platform providing Continuous Integration/Continuous Delivery/Deployment, feature flags, cloud cost management, and security testing.

Fal: The company raised $140.5 million of Series D venture funding in a deal led by NVentures and Sequoia Capital on December 9, 2025, putting the company’s pre-money valuation at $4.36 billion. Shopify Ventures, Bessemer Venture Partners, Meritech Capital Partners, Salesforce Ventures, Andreessen Horowitz, Kindred Ventures, Notable Capital, Kleiner Perkins and Alkeon Capital Management also participated in the round. The company is a developer of a generative media API platform for providing real-time inference for image, video, and audio AI models.

Steelhead Technologies: The company received $84 million of development capital from Mainsail Partners on December 11, 2025. The company is a developer of a business intelligence platform delivering automated instructions and analytics to decentralized workforce operations.

Serval: The company raised $75 million of Series B venture funding in a deal led by Sequoia Capital on December 11, 2025, putting the company’s pre-money valuation at $925 million. Meritech, Evantic, Sound Ventures, Radical Ventures, First Round Capital, General Catalyst, Redpoint Ventures and other undisclosed investors also participated in the round. The company is a developer of IT service management software for automating help desk operations and employee support workflows.

Runware: The company raised $50 million of Series A venture funding in a deal led by Dawn Capital on December 11, 2025. Comcast Ventures, Speedinvest, Zero Prime Ventures, Andreessen Horowitz, Begin Capital, Insight Partners (New York), and Coho deeptech also participated in the round. The company is a developer of an AI-powered generative media infrastructure platform combining proprietary hardware with accelerated software for image and video generation.

Qargo: The company raised $33 million of Series B venture funding in a deal led by Sofina on December 11, 2025. Balderton Capital also participated in the round. The company is a developer of a cloud-based transport management software for freight optimization, route planning, and logistics automation.

Outset: The company raised $30 million of Series B venture funding in a deal led by Radical Ventures on December 10, 2025, putting the company’s pre-money valuation at $140 million. M12, Adverb Ventures, 8VC, Y Combinator, and other undisclosed investors also participated in the round. The company is a developer of artificial intelligence-interview tools designed to conduct and analyze qualitative research.

RelationalAI: The company raised $22.5 million of venture funding from AT&T Ventures and Snowflake Ventures on December 11, 2025. The company is a developer of a relational knowledge graph database platform for complex business logic and decision intelligence applications.

Spectral Labs: The company raised $21.9 million of venture funding from undisclosed investors on December 12, 2025. The company is a developer of a generative AI technology for automating 3D modeling, texturing, and asset creation workflows.

Fictions: The company received $16.7 million of capital from undisclosed investors on December 11, 2025. The company is a developer of interactive digital game experiences and social entertainment platforms.

Neosapience: The company raised KRW 16.5 billion of venture funding from InterVest, HB Investment and K2 Investment Partners on December 9, 2025. Bogwang Venture Investment also participated in the round. The company is a developer of a synthetic voice and video generation platform for AI dubbing and content localization.

Scowtt: The company raised $11 million of Series A venture funding in a deal led by Inspired Capital on December 8, 2025, putting the company’s pre-money valuation at $49 million. LiveRamp Ventures, Perceptive Ventures, Angeles Investors, and other undisclosed investors also participated in the round. The company is a developer of an AI-driven sales automation platform for lead qualification, engagement scoring, and outbound prospecting.

Trendtracker: The company raised $7 million of Series A venture funding in a deal led by Armilar Venture Partners on December 10, 2025. Capricorn Partners also participated in the round. The company is a developer of an AI-powered trend intelligence platform for forecasting consumer behavior and market insights.

Pronto: The company raised an undisclosed amount of venture funding from Seva Growth and Run Ventures on December 9, 2025. The company is a developer of an all-in-one communication platform providing chat, video messaging, and collaboration tools.

Spryker: The company raised an undisclosed amount of venture funding in a deal led by One Peak Partners and TCV on December 12, 2025. Project A Ventures also participated in the round. The company is a developer of a cloud commerce operating system for multi-channel digital commerce and marketplace management.

Confluent / International Business Machines: The company reached a definitive agreement to be acquired by International Business Machines for $11.9 billion on December 8, 2025. Confluent Inc provides a data streaming platform that enables customers to connect their applications, systems, and data layers and can be deployed as a fully managed cloud-native software-as-a-service offering.

Kaelus / Baylin Technologies: The company reached a definitive agreement to be acquired by Baylin Technologies for $46.2 million on December 8, 2025. The company is a manufacturer of radio frequency products intended to improve radio coverage, capacity, and quality of mobile communication networks.

Blickfeld / Senstar Technologies: The company reached a definitive agreement to be acquired by Senstar Technologies for EUR 10.4 million on December 9, 2025. The company is a developer of three-dimensional LiDAR sensors designed for precise object detection and spatial analysis.

ampd Method / Believe: The company was acquired by Believe for an undisclosed amount on December 9, 2025. The company is a provider of deep-data marketing platforms for artist visibility and revenue generation in music.

Amper Technologies / ECI Software Solutions: The company was acquired by ECI Software Solutions, via its financial sponsors Leonard Green & Partners, Apax Partners and GIC Private, through an LBO on December 9, 2025 for an undisclosed amount. The company is a developer of a manufacturing intelligence and operations platform designed to connect machines, jobs, and teams in real time.

Cinapse / Wrapbook: The company was acquired by Wrapbook for an undisclosed amount on December 8, 2025. The company is a developer of production scheduling software for media and entertainment production workflows.

Dimension Studio / ICRAVE: The company was acquired by ICRAVE, via its financial sponsors BPEA Private Equity and Growth Catalyst Partners, through an LBO on December 9, 2025 for an undisclosed amount. The company is a provider of cinematic content production services intended for immersive entertainment experiences.

FIPP / World Association of Newspapers and News Publishers: The company reached a definitive agreement to be acquired by World Association of Newspapers and News Publishers for an undisclosed amount on December 8, 2025. The company is a provider of global media membership association services for content creators and publishers.

Giant Media / Cadent: The company, a subsidiary of Adknowledge was acquired by Cadent, via its financial sponsor Novacap Management, through an LBO on December 9, 2025 for an undisclosed amount. The company is an operator of a social video distribution and advertising technology platform.

Hive Marketing Cloud / Spotler: The company was acquired by Spotler, via its financial sponsors CNBB Equity Partners, Mill Reef Capital and Rotrip Europe, through an LBO on December 8, 2025 for an undisclosed amount. The company is a developer of customer-data and marketing-automation platforms for personalized multi-channel marketing campaigns.

Livescale / Channelize.io: The company was acquired by Channelize.io for an undisclosed amount on December 9, 2025. The company is a developer of live shopping platforms for audience engagement and sales conversion in e-commerce.

Novel / partnrUP: The company was acquired by partnrUP for an undisclosed amount on December 11, 2025. The company is a developer of interactive video creation platforms for digital content and audience engagement.

Nurdle / Duco: The company was acquired by Duco for an undisclosed amount on December 9, 2025. The company is an operator of an internet safety technology platform for content moderation and trust services.

Parsed / Baseten: The company was acquired by Baseten for an undisclosed amount on December 10, 2025. The company is a developer of interpretable AI systems for model optimization and inference acceleration.

Racing America / Parella Motorsports Holdings: The company was acquired by Parella Motorsports Holdings, via its financial sponsors Velocity Capital Management and Cohesive Capital Partners, through an LBO on December 10, 2025 for an undisclosed amount. The company is an operator of a media streaming and content-distribution platform for auto racing in North America.

Realizeit / Skillwell: The company was acquired by Skillwell for an undisclosed amount on December 9, 2025. The company is a developer of cloud-based adaptive learning technology for workforce development and corporate training programs.

Show&Tell / Kinema: The Streaming Business unit of Show&Tell, was acquired by Kinema for an undisclosed amount on December 12, 2025. The company is a provider of streaming services for independent filmmakers and global film distribution.

Symphony.Live / Acoustics Space: The company was acquired by Acoustics Space for an undisclosed amount on December 11, 2025. The company is an operator of a classical music streaming platform providing symphonic concerts and curated content.

Tiqets / Expedia Group: The company reached a definitive agreement to be acquired by Expedia Group for an undisclosed amount on December 10, 2025. The company is an operator of an online ticketing platform for museums, attractions, and cultural entertainment experiences.

Trajaan / Cision US: The company was acquired by Cision US, via its financial sponsors Platinum Equity and Raptor Group, through an LBO on December 9, 2025 for an undisclosed amount. The company is a developer of search intelligence platforms for analyzing consumer behaviors, preferences, and market trends.

tvScientific / Pinterest: The company reached a definitive agreement to be acquired by Pinterest for an undisclosed amount on December 11, 2025. The company is a developer of performance advertising and attribution platforms for connected television campaigns.

Veectoria / Open Bee: The company was acquired by Open Bee for an undisclosed amount on December 8, 2025. The company is an operator of AI-powered document management and intelligent process automation platforms.

VuePlanner / Cadent: The company was acquired by Cadent, via its financial sponsor Novacap,  for an undisclosed amount in December 2025. The company is a developer of YouTube video ad planning, optimization, and measurement platforms for advertising campaigns.