Technology Private Placement and M&A Transactions Review Week Ending Feb 9, 2025

StackAdapt: The company received $235 million of development capital from Teachers’ Venture Growth, Intrepid Growth Partners, Round13 Capital and other investors on February 4, 2025. The company is a developer of a programmatic advertising platform.

Semgrep: The company raised $100 million of Series D venture funding in a deal led by Menlo Ventures on February 5, 2025. Sequoia Capital, Redpoint Ventures, Harpoon VC, Felicis, Lightspeed Venture Partners, and Mark McLaughlin also participated in the round. The company is a developer of a cybersecurity coding platform.

Hidden Level: The company raised $65 million of Series C venture funding in a deal led by DFJ Growth on February 3, 2025, putting the company’s pre-money valuation at $435 million. Lockheed Martin Ventures, Booz Allen Ventures, Veteran Ventures Capital, Founders Circle Capital, Revolution (Washington DC), Costanoa Ventures, Washington Harbour and other undisclosed investors also participated in the round. The company develops passive radar and radio frequency sensing technology for detecting and locating drones and other aerial threats.

Protex AI: The company raised $36 million of Series B venture funding in a deal led by Hedosophia on February 4, 2025. Salesforce Ventures and other undisclosed investors also participated in the round. The company is a developer of a workplace safety management platform.

Altera: The company raised $31 million of venture funding from undisclosed investors on February 3, 2025. The company is a developer of AI-powered agents for users and enterprises.

Salience Labs: The company raised $30 million of Series A venture funding in a deal led by Applied Ventures and ICM Group on February 7, 2025. Oxford Science Enterprises, Cambridge Innovation Capital, Braavos Investment Advisers, Silicon Catalyst, Jalal Bagherli, Strategic Investment Fund, and other undisclosed investors also participated in the round. The company is a developer of a high-speed multi-chip processor designed to package photonics chips together with conventional electronics.

Monograph: The company raised $20 million of Series B venture funding in a deal led by Base10 Partners on February 4, 2025. Hustle Fund also participated in the round. The company is a developer of project management software for architecture and engineering firms.

TrueFoundry: The company raised $19 million of Series A venture funding in a deal led by Intel Capital on February 6, 2025, putting the company’s pre-money valuation at $54 million. Z21 Ventures, Graycell Ventures, Builders Fund, Mana Ventures, Fractal (California), Trajectory Ventures, Jump Capital, Eniac Ventures, Peak XV Partners, Surge (Accelerator), Naval Ravikant, Anthony Goldbloom, Maneesh Sharma, Dilipkumar Khandelwal, Mike Boufford, Gokul Rajaram, Mohit Aron, Cyan Banister, Ankit Sobti and Lenny Rachitsky also participated in the round. The company provides a platform for enterprises to build, deploy, and manage GenAI applications across cloud and on-prem infrastructure.

Lingopal: The company raised $13.7 million of Series A venture funding from Marquee Ventures, Scrum Ventures and DCM Ventures on February 3, 2025. The company is a developer of an AI-powered speech translation tool.

Beamable: The company raised $13.5 million of Series A venture funding in a deal led by BITKRAFT Ventures on February 4, 2025, putting the company’s pre-money valuation at $11.5 million. GrandBanks Capital, Defy Partners Management, Permit Ventures, Joint Effects, Advancit Capital, 2 Punks Capital, P2 Ventures, Solana Foundation, Scytale Digital, Arca, and other undisclosed investors also participated in the round. The company is a developer of a creator-centric platform designed to implement, monetize, socialize, and update live games.

Prior Labs: The company raised EUR 9 million of venture funding in a deal led by Balderton Capital on February 5, 2025. XTX Ventures, Hector Foundation, Atlantic Labs, Galion.exe, Peter Sarlin, Thomas Wolf, Guy Podjarny, Edward Grefenstette, Robin Rombach, Chris Lynch and Ash Kulkarni also participated in the round. The company is a developer of foundation models designed for the analysis of tabular data.

Largo.ai: The company raised CHF 6.9 million of Series A venture funding in a deal led by QBIT Capital and TI Capital Management on February 3, 2025, putting the company’s pre-money valuation at an estimated CHF 14.6 million. DAA Capital Partners, Thomas Tippl, Sylvester Stallone, Atreides Management, and other undisclosed investors also participated in the round. The company is a developer of an AI-based movie-making platform designed to make data-assisted content accessible to the film industry.

Rings: The company raised $7.1 million of venture funding from undisclosed investors on February 6, 2025. The company is a developer of customer relationship management software.

Brains & Motion: The company raised $6 million of venture funding from undisclosed investors on February 5, 2025. The company is a provider of coaching services for extracurricular activities, after-school programs, and camps.

Citrine Informatics: The company raised venture funding on February 7, 2025. The company is an operator of an AI-powered platform for data-driven materials and chemicals development.

Digital Harmonic: The company raised an undisclosed amount of venture funding from Caladan Capital on February 6, 2025. The company develops video delivery, image enhancement and signal processing solutions for commercial, government and healthcare sectors.

Safe Superintelligence: The company is in the process of raising venture funding on February 7, 2025. The company is an operator of an artificial intelligence research lab intended to build superhuman intelligence.

Voldex: The company raised an undisclosed amount of venture funding on February 4, 2025. The round was led by The Raine Group along with participation from Makers Fund, Lalotte Ventures, Tirta Ventures, Massachusetts Institute of Technology and Qatar Investment Authority. Debt was led by Shamrock Capital along with participation from Ares Management and Cadma Capital Partners. The company is a developer of a user-generated content gaming platform.

Teads / Outbrain: The company was acquired by Outbrain for an estimated $900 million on February 3, 2025. The company is an operator of a cloud-based digital video marketplace intended to offer out-stream video advertising.

Brightcove / Bending Spoons: The company was acquired by Bending Spoons, via its financial sponsors Adjacent, Annox Capital, Baillie Gifford, Cherry Bay Capital Group, Durable Capital Partners, Eagle Capital Ventures, Endeavor Catalyst, H14, Mega Holding, Cox Enterprises, NB Renaissance, Neuberger Berman, NUO Capital, OTB Group, Rapid Pioneers, Tamburi Investment Partners, View Different, and Wellness Holding, through a $233 million public-to-private LBO on November 20, 2024. Brightcove Inc is a provider of cloud-based streaming technology and services.

Generation Genius / Newsela: The company was acquired by Newsela for $100 million on February 5, 2025. The company is a developer of a streaming video platform designed to provide educational content to schools.

Agora / Link: The company was acquired by Link for an undisclosed amount on February 4, 2025. The company is a manufacturer and distributor of high-tech audio products catering to the entertainment and live industry.

Blok Sports-Sparx / Adventure Box Technologies: The company reached a definitive agreement to be acquired by Adventure Box Technologies on February 5, 2025. Adventure Box will acquire 100% of Blok and 51% of Sparx for total consideration of $12 million. Sparx, a subsidiary of Blok, is a leading fan engagement platform used by major sports and media companies including ESPN, Disney, and Turner Sports. Blok Sports is a developer of a sports betting platform.

BLU DELTA / CSS: The company was acquired by CSS, via its financial sponsors Capza and The Carlyle Group, through an LBO on February 3, 2025 for an undisclosed amount. The company is a developer of document processing software designed for quick extraction of receipts and document information.

Cantina Media / Serial Maven Studios: The company was acquired by Serial Maven Studios for an undisclosed amount on February 3, 2025. The company is an operator of a television and digital production company intended for international collaboration with creators, producers, and broadcasters to create series and documentaries.

CueIn / ServiceNow: The company was acquired by ServiceNow for an undisclosed amount on February 6, 2025. The company is a developer of a conversational AI-based platform designed to enhance workflows through AI-driven insights.

Game Developers Network / Mobidictum: The company reached a definitive agreement to be acquired by Mobidictum for an undisclosed amount on February 3, 2025. The company is an operator of a networking platform for game developers.

Gotee Records / Bell Partners AB: The company, a subsidiary of Zealot Networks, was acquired by Bell Partners for an undisclosed amount on February 7, 2025. The company is an independent record label focused on producing and distributing music and merchandising services.

Jigsaw Productions / Individual Investor: The company was acquired by Ms. Wendy Schmidt for an undisclosed amount on February 6, 2025. The company is an operator of a media production studio intended to offer documentaries and feature films.

LavaReach / Landbase: The company was acquired by Landbase, via its financial sponsor Canadian Imperial Bank of Commerce, through an LBO on February 6, 2025 for an undisclosed amount. The company is a developer of an AI-driven sales intelligence platform designed to streamline prospect research and outbound personalization at scale.

OurSky / Planewave Instruments: The company was acquired by Planewave Instruments for an undisclosed amount on February 4, 2025. The company is a developer of astronomy photography technology designed to provide real-time observational data and analysis of objects and activities in space.

PerfectScale / DoiT International: The company was acquired by DoiT International, via its financial sponsor Charlesbank Capital Partners, through an LBO on February 04, 2025 for an undisclosed amount. The company is a developer of configuration optimization and governance platform designed to make it easy for DevOps, Platform Engineering, and SRE professionals to improve cost-effectiveness and stability.

SolarWinds / Turn/River Capital: The company entered into a definitive agreement to be acquired by Turn/River Capital through an LBO on February 6, 2025 for $18.50 per share or approximately $4.4 billion. SolarWinds Corp is a provider of information technology and management software.

Ticketbash / Greenlite Ventures: The company reached a definitive agreement to be acquired by Greenlite Ventures for an undisclosed amount on February 6, 2025. The company is a developer of an online ticket booking platform for reserving events.

Xeol / HeroDevs: The company was acquired by HeroDevs for an undisclosed amount on February 4, 2025. The company is a developer of a visualization platform designed to secure software supply chains using data enrichment and graph analytics.

Source: Pitchbook Data, Inc.