Technology Private Placement and M&A Transactions Review Week Ending Feb 23, 2025

Lambda: The company raised $480 million of Series D venture funding in a deal led by Andra Capital and SGW on February 19, 2025, putting the company’s pre-money valuation at $2.0 billion. Nvidia, Pegatron, Super Micro Computer, Wistron, Wiwynn, Crescent Cove Advisors, Helios Ventures, AJI Capital, Pureun Investment, US Innovative Technology Fund, G Squared, Bossa Invest, Principal Venture Partners, Launchbay Capital, Fincadia Advisors, In-Q-Tel, 1517 Fund, Andrej Karpathy, ARK Investment Management and KHK & Partners also participated in the round. The company is a developer of a cloud computing platform designed for large-scale artificial intelligence training and inference.

Together: The company raised $305 million of Series B venture funding in a deal led by Prosperity7 Ventures and General Catalyst on February 20, 2025, putting the company’s pre-money valuation at $3.0 billion. Nvidia, Salesforce, DAMAC Group, SE Ventures, Coatue Management, March Capital, Emergence, Greycroft, Cadenza Capital, Lux Capital, Long Journey Ventures, Definition, Kleiner Perkins, Brave Capital, SaaS Ventures,John Chambers and Scott Banister also participated in the round. The company is an operator of a cloud-based services platform intended to provide a decentralized interface for artificial intelligence.

Hightouch: The company raised $80 million of Series C venture funding in a deal led by Sapphire Ventures on February 18, 2025, putting the company’s pre-money valuation at $1.12 billion. Bain Capital Ventures, ICONIQ Growth, New Ventures Capital, Amplify Ventures, NewView Capital and Y Combinator also participated in the round. The company is a developer of a composable customer data platform designed to sync data across sales and marketing tools.

Augury: The company raised $75 million of Series F venture funding in a deal led by Lightrock on February 19, 2025, putting the company’s pre-money valuation at $925 million. Qualcomm Ventures, Munich Re Venture Capital, Lerer Hippeau Ventures, Schneider Electric (Electrical Equipment), Insight Partners, Eclipse Ventures and Qumra Capital also participated in the round. The company is a developer of an artificial intelligence-powered machine health platform designed to help manufacturers eliminate downtime and maximize productivity.

Baseten: The company raised $75 million of Series C venture funding in a deal led by IVP and Spark Capital on February 19, 2025. South Park Commons, Greylock, Conviction Partners, 01 Advisors and Lachy Groom also participated in the round. The company is a developer of machine learning models designed to integrate machine learning into business operations, production, and processes.

Sanas: The company raised $65 million of Series B venture funding in a deal led by Quadrille Capital and Teleperformance on February 19, 2025., Insight Partners, Quiet Capital, and DN Capital also participated in the round. The company is a developer of an accent matching software designed to reduce language barriers and accent mismatch while communicating for real-time speech understanding and translation.

Axiom: The company raised $33.5 million of venture funding from undisclosed investors on February 21, 2025. The company is a developer of a cloud-native, serverless data insight platform designed to provide cost-effective and robust object stores for primary data storage.

Relish IQ: The company raised $25 million of Series B venture funding from Volition Capital, Base10 Partners and other undisclosed investors on February 19, 2025. The company is a developer of enterprise applications designed for the consumer goods, energy, financial, healthcare and public sectors.

Tableland: The company closed on $13 million of an undisclosed targeted amount of venture funding on February 17, 2025. The company is a developer of a decentralized cloud database designed to offer secure and tamper-proof storage and retrieval of data on a global scale.

ClustroAI: The company raised $12 million of Series A venture funding in a deal led by Forum Ventures on February 19, 2025. Nvidia, Metaverse Group, and metablast also participated in the round. The company is a developer of an AI-powered platform designed for edge computing and graphics processing unit orchestration.

Giskard: The company raised $5 million of venture funding from undisclosed investors on February 19, 2025. The company is a developer of a testing platform for AI models, to help enterprises control AI risks and ensure the quality, security and compliance of AI models.

Apex.AI: The company raised an undisclosed amount of venture funding from LG Electronics on February 20, 2025. The company is a developer of an autonomous scalable software designed to offer mobility systems for self-driving vehicles.

Breakr: The company raised an undisclosed amount of venture funding from Live Nation Entertainment on February 17, 2025. The company is an operator of a tech-enabled music promotion marketplace intended to connect musicians with marketers, agencies, and influencers.

Codeium: The company is in the process of raising venture funding in a deal led by Kleiner Perkins on February 19, 2025, putting the company’s post-money valuation at $2.85 billion. The company is a developer of a deep learning acceleration platform designed to simplify and accelerate complex artificial intelligence workloads.

DAZN: The company received an undisclosed amount of development capital from SRJ Sports Investments on February 17, 2025. The company is an operator of a global sports streaming service that offers live and on-demand sports content.

FluidStack: The company is in the process of raising Series A venture funding on February 20, 2025. The company offers GPU cloud services for artificial intelligence and large language model training.

Voltron Data: The company raised an undisclosed amount of venture funding from Accenture Ventures on February 20, 2025. The company is a developer of an open-source platform designed to offer high-performance data access and in-memory computing tools for data analytics ecosystems.

Xcelerium: The company is in the process of raising venture funding from Silicon Catalyst Ventures. The company is an operator of a semiconductor business intended to develop domain-specific processors for converged workloads.

Grover Gaming / LNW Gaming: The company reached a definitive agreement to be acquired by LNW Gaming for $1 billion on February 18, 2025. The company is a developer of casino gaming software, content and systems.

Starface / Gamma Communication: The company was acquired by Gamma Communication for GBP 165 million on February 20, 2025. The company is a developer of voice-over-internet protocol (VoIP) software designed to unify telephony services.

Humane / HP: The company reached a definitive agreement to be acquired by HP for $116 million on February 18, 2025. The company is a developer of consumer hardware and software products and services.

Dassana / Deepwatch: The company was acquired by Deepwatch for an undisclosed amount on February 18, 2025. The company is a developer of enterprise network security technology intended to consolidate disparate data sources.

Global Podcast Network / All Entertainment Media Group: The company was acquired by All Entertainment Media Group, a subsidiary of All for One Media, for an undisclosed amount on February 17, 2025. The company is an operator of a podcast platform.

InTone / Sanas: The company was acquired by Sanas for an undisclosed amount on February 19, 2025. The company is a developer of a voice tech platform designed to offer personalized AI accent neutralization technology .

Ludia / Institutional Investor: The company, a subsidiary of Jam City, entered into a definitive agreement to be acquired by a consortium of Canadian institutional investors through an LBO on February 19, 2025 for an undisclosed amount. The company is a developer of mobile video games.

Metaphysic / DNEG: The company was acquired by DNEG, via its financial sponsors Novator Partners and United Alsaqer Group, through an LBO on February 18, 2025 for an undisclosed amount. The company is a developer of artificial intelligence technologies and machine learning research for creating photorealistic content at scale.

Montana Radio Company / Iliad Media Boise: The company was acquired by Iliad Media Boise for approximately $5.3 million on February 19, 2025. The company is an operator of a radio broadcasting company based out of Helena, Montana.

Moonlander / Alpha3D: The company was acquired by Alpha3D for an undisclosed amount on February 19, 2025. The company is a developer of generative artificial intelligence technology intended for the gaming industry.

New State Music / Reservoir Media: The company was acquired by Reservoir Media for an undisclosed amount on February 19, 2025. The company is an operator of record label.

Powerconnect.Ai / BHC Global: The company was acquired by BHC Global for an undisclosed amount on February 18, 2025. The company is a developer of an artificial intelligence-backed chatbot intended for the energy and utilities industry.

Surf / Datacy: The company was acquired by Datacy for an undisclosed amount on February 21, 2025. The company is a provider of an online giveaway platform designed to help market and promote brands.

TextLocate / Tenstreet: The company was acquired by Tenstreet, via its financial sponsors Supply Chain Ventures, Providence Equity Partners and Spectrum Equity, through an LBO on February 17, 2025  for an undisclosed amount. The company is a developer of a web-based communication platform designed for shippers and 3PL operators to communicate directly with drivers via SMS-based text messaging.

Turns / PayRange: The company was acquired by PayRange for an undisclosed amount on February 19, 2025. The company is a developer of a vertical SaaS platform designed for dry cleaners and laundries globally to manage their business and grow revenues.

Whip Media / Blue Torch Capital: The company was acquired by Blue Torch Capital for an undisclosed amount on February 19, 2025. The company is a developer of enterprise cloud software designed for streaming analytics and royalty reporting across AVOD, FAST, SVOD, TVOD, and social platforms for media businesses.

YouLook / CosmoBlue Media: The company was acquired by CosmoBlue Media for an undisclosed amount on February 20, 2025. The company is an operator of an advertising-based video-on-demand streaming platform based in London, England.

Source: Pitchbook Data, Inc.