Technology Private Placement and M&A Transactions Review Week Ending December 15, 2024

Ayar Labs: The company raised $155 million of Series D venture funding in a deal led by Advent Global Opportunities and Light Street Capital Management on December 11, 2024, putting the company’s pre-money valuation at $1.05 billion. GlobalFoundries, Lockheed Martin Ventures, Applied Ventures, Nvidia, NTT Docomo Ventures, Intel Capital, AMD Ventures, 3M Ventures, and others participated in the round. The company is a developer of an optical interconnects tool designed to optimize AI infrastructure and accelerate data movement within AI systems.

Grammarly: The company raised $150.3 million of venture funding from undisclosed investors on December 11, 2024. The company is a developer of AI-powered writing assistance technology.

Luma AI: The company raised $90 million of Series B venture funding in a deal led by Andreessen Horowitz on December 11, 2024, putting the company’s pre-money valuation at $177.6 million. Amazon Web Services, Advanced Material Development, South Park Commons, and others also participated in the round. The company is an operator of a multimodal AI video generator platform.

Twelve Labs: The company raised $80 million of Series A venture funding in a deal led by NVentures and New Enterprise Associates on December 12, 2024. Intel Capital, Databricks, HubSpot Ventures, SK Telecom, Snowflake, In-Q-Tel, and others also participated in the round. The company is a developer of a multimodal AI-powered platform intended to bring human-like video understanding to applications.

Quobly: The company closed on $65 million of an undisclosed targeted amount of Series A venture funding on December 11, 2024. The company is a developer of silicon based quantum computing semiconductors.

Truvideo: The company received $40 million of development capital from TZP Group on December 10, 2024. The company is a developer of a video communication platform designed to offer insights into the vehicle repair process in car dealerships.

LambdaTest: The company raised $38 million through Series D venture funding in a deal led by Avataar Venture Partners on December 10, 2024, putting the company’s pre-money valuation at $362 million. Qualcomm Ventures and other undisclosed investors also participated in the round. The company is an operator of an AI-powered unified enterprise test execution cloud platform intended to help businesses reduce time to market through faster test execution.

Riverside: The company raised $30 million of Series C venture funding in a deal led by Zeev Ventures on December 9, 2024. Seven Seven Six and Samuel Lessin also participated in the round. The company is a developer of a recording software designed to record remote interviews in studio quality.

Mapped: The company raised $25.5 million of Series A venture funding from NTT Docomo Ventures and other undisclosed investors on December 13, 2024, putting the company’s pre-money valuation at $38.5 million. The company is a developer of an AI-powered data infrastructure platform designed for the commercial and industrial Internet of Things industry.

Stainless: The company raised $25 million of Series A venture funding in a deal led by Sequoia Capital and Andreessen Horowitz on December 10, 2024, putting the company’s pre-money valuation at $127 million. Zapier, MongoDB Ventures, The General Partnership, Felicis, Claire Johnson and Amit Agarwal also participated in the round. The company is a developer of a software development platform designed to aid in the creation, integration, and maintenance of the application programming interface.

Connectly: The company raised $20 million of Series B venture funding in a deal led by Alibaba Group on December 12, 2024, putting the company’s pre-money valuation at $70 million. RX Ventures, Globant Ventures, Falabella Ventures, Unusual Ventures, Volpe Capital and Philippos Kourkoulos-Latsis also participated in the round. The company is an operator of a conversational commerce company focused on simplifying how SMBs transform customer messages into revenue.

Aampe: The company raised $18 million of Series A venture funding in a deal led by Theory Ventures on December 10, 2024. Z47 also participated in the round. The company is a developer of an AI-powered messaging platform intended to turn customer communication into a retention growth engine.

Ask Sage: The company raised $17 million of Series A venture funding in a deal led by Sapphire Ventures on December 9, 2024. Mucker Capital also participated in the round. The company is a developer of a Generative AI platform intended to provide an advanced AI assistant designed for government teams and corporations.

RapidCanvas: The company raised $16 million in Series A venture funding in a deal led by Peak XV Partners on December 11, 2024, putting the company’s pre-money valuation at $45 million. Accel, Valley Capital Partners and Titanium Ventures also participated in the round. The company is a developer of a no-code auto artificial intelligence platform designed for data practitioners intending to transition from raw data to machine learning applications.

Unwrap.ai: The company raised $13.2 million of venture funding from undisclosed investors on December 11, 2024. The company is a developer of an AI-powered natural language processing platform designed to aggregate and analyze user feedback.

Hyperbolic: The company raised $12 million of Series A venture funding in a deal led by Polychain Capital and Variant on December 10, 2024. Bankless Ventures, Wintermute Ventures, Faction Ventures, Chapter One, IOSG Ventures, and other investors also participated in the round. The company is a developer of an open-source platform designed for AI development by aggregating underutilized computing resources.

True Tickets: The company raised $7.2 million of venture funding from undisclosed investors on December 13, 2024. The company is a developer of a SaaS-based event ticketing and event organizing platform for buying, selling, and transferring entertainment tickets.

Machines With Vision: The company raised an undisclosed amount of venture funding from Par Equity and Scottish Enterprise on December 11, 2024. The company is a developer of artificial intelligence-powered precise localization tools designed to improve position mapping in the automotive and robotics sectors.

First We Feast / Multiple Investors: The company was acquired by Mythical Entertainment, Crooked Media, Mr. Chris Schonberger, Mr. Sean Evans and other undisclosed investors for $82.5 million on December 12, 2024. The company is an operator of a multi-platform media and content studio.

OddsJam / Gambling.com: The company reached a definitive agreement to be acquired by Gambling.com for $160 million on December 12, 2024. The company is a developer of betting news and data platform.

OpenReel / Banzai International: The company reached a definitive agreement to be acquired by Banzai International for $19.6 million on December 10, 2024. The company is a developer of a remote video creation platform designed for business purposes.

CodeSandbox / Together AI: The company was acquired by Together AI for an undisclosed amount on December 12, 2024. The company is a developer of an online code editing tool for web applications designed for creators.

Echo AI / Calabrio: The company was acquired by Calabrio, via its financial sponsor Thoma Bravo, through an LBO on December 11, 2024 for an undisclosed amount. The company is a developer of an AI-powered tool that automatically reviews and scores customer interactions, providing personalized coaching and flagging of compliance issues.

Enhanced Music / Create Music Group: The company was acquired by Create Music Group, via its financial sponsor Flexpoint Ford, through an LBO on December 12, 2024 for an undisclosed amount. The company is an operator of a music label.

Hovercraft / SkyView Innovations: The company was acquired by SkyView Innovations for an undisclosed amount on December 12, 2024. The company is an operator of a graphic design and animation company based in Denver, United States.

ingage IR / Computershare: The company reached a definitive agreement to be acquired by Computershare for an undisclosed amount on December 12, 2024. The company is a developer of a relationship management platform intended for investor relation teams and institutional investors.

Klaxoon / Wrike: The company entered into a definitive agreement to be acquired by Wrike, via its financial sponsor STG Partners, through an LBO on December 10, 2024 for an undisclosed amount. The company is an operator of a visual collaboration platform designed to increase engagement and improve business decisions and processes.

Metaswitch Networks / Alianza: The company, a subsidiary of Microsoft, reached a definitive agreement to be acquired by Alianza for an undisclosed amount on December 10, 2024. The company is a developer of cloud-native communications software designed to run on customer premises, or in private, public, and hybrid clouds.

Neonhive / The Cult Games: The company was acquired by The Cult Games for an undisclosed amount on December 9, 2024. The company is an operator of a video game marketing and PR agency for the gaming industry.

OCR Labs / LexisNexis Risk Solutions: The company was acquired by LexisNexis Risk Solutions for an undisclosed amount on December 10, 2024. The company is a developer of an identity verification platform designed to provide seamless and secure user onboarding and authentication to businesses.

OhmniLabs / Symbotic: The company was acquired by Symbotic for an undisclosed amount on December 12, 2024. The company is a developer of personal robots designed for the healthcare industry.

PlayFusion / Build A Rocket Boy: The company was acquired by Build A Rocket Boy, via its financial sponsor Alignment Growth, RedBird Capital Partners, Sol Global Investments, Shake and Bake, Alumni Ventures, Galaxy Interactive, Raptor Group, Highground Holdings and Woodline Partners, through an LBO on December 10, 2024 for an undisclosed amount. The company is an operator of a video game development studio.

SkyShowtime / Masorange: The company was acquired by Masorange, via its financial sponsor Zegona Communications, through an LBO on December 12, 2024 for an undisclosed amount. The company is an operator of an international movie streaming company.

Slise / Web3 Media Venture: The company was acquired by Web3 Media Venture through an LBO on December 9, 2024 for an undisclosed amount. The company is a develop of a Web3-native programmatic ad platform which uses wallets and on-chain data to target users for Web3 projects.

The Outfit Agency / Trouble Maker: The company was acquired by Trouble Maker for an undisclosed amount on December 13, 2024. The company is an operator of a creative agency specializing in advertising and communications for the entertainment industry.

UnitedSiC / ON Semiconductor: The company reached a definitive agreement to be acquired by ON Semiconductor for $115 million on December 9, 2024. The company is a manufacturer of silicon carbide semiconductors.

Wibilong / Publicis Groupe: The company reached a definitive agreement to be acquired by Publicis Groupe for an undisclosed amount on December 13, 2024. The company is a developer of a SaaS platform designed to provide digital marketing services.

Wonderment / Loop Returns: The company was acquired by Loop Returns for an undisclosed amount on December 10, 2024. The company is a provider of order tracking solutions that include notification updates, shipment reporting and analytics for Shopify store to get real-time insight into stalled shipments.

Source: Pitchbook Data, Inc.