Technology Private Placement and M&A Transactions Review Week Ending Jan 12, 2025

Infinite Reality: The company raised $3 billion of venture funding from undisclosed investors on January 8, 2025, putting the company’s pre-money valuation at $9.25 billion. The company is a developer of a platform designed to develop digital media and e-commerce through artificial intelligence, spatial computing, and other immersive technologies.

DataDirect Networks: The company received $300 million of development capital from Blackstone on January 9, 2025. The company is a provider of high performance data storage and management solutions.

Air: The company raised $35 million of Series B venture funding in a deal led by Avenir Growth Capital on January 9, 2025. Salesforce Ventures, Good Friends, Xfund and other undisclosed investors also participated in the round. The company is a developer of a workplace collaboration and cloud storage tool designed to offer media management services.

Citizen: The company raised $31.9 million of venture funding from undisclosed investors on January 6, 2025. The company is a developer of a digital safety network that leverages real-time information on crimes to increase the public’s awareness of safety issues.

Vividly: The company raised $29 million of Series B venture funding from undisclosed investors on January 6, 2025, putting the company’s pre-money valuation at $91 million. The company is a developer of trade promotion management software and an end-to-end deductions reconciliation platform for retail brands.

Istari Digital: The company raised $27 million of venture funding from undisclosed investors on January 8, 2025. The company is an operator of a metaverse engineering platform intended to create, test, and certify digital models and simulations.

Pison: The company raised an estimated $25 million of Series A venture funding from Samsung Venture Investment and other undisclosed investors on January 7, 2025, putting the company’s pre-money valuation at $70 million. The company is a developer of a neural biosensing platform designed to measure cognitive performance through AI-powered wearable technology.

TrueFoundry: The company raised $18.5 million of venture funding from undisclosed investors on January 10, 2025. The company is a developer of a machine learning and monitoring platform designed to help teams train and deploy models.

Gumloop: The company raised $17 million of Series A venture funding in a deal led by Nexus Venture Partners on January 10, 2025. First Round Capital, Y Combinator, Maxwell Mullen, and Reynold Xin also participated in the round. The company is a developer of a no-code platform designed for automating workflows with AI.

Phase Change: The company raised $12.5 million of venture funding from undisclosed investors on January 10, 2025. The company is a developer of a cognitive AI-based platform designed to improve software development efficiency.

KamiwazaAI: The company raised $11 million of venture funding from Citta Capital, Greater Colorado Venture Fund and FirstMile Ventures on January 7, 2025. PSL Ventures, Ascend Venture Capital and S3 Ventures also participated in the round. The company is a developer of an open-source coding platform designed to develop scalable AI solutions for cloud, core, and edge environments.

Cartwheel: The company raised $8.75 million of venture funding from undisclosed investors on January 6, 2025. The company is a developer of an AI-powered text-to-animation platform.

Aarki: The company raised $5 million of venture funding from undisclosed investors on January 8, 2025. The company is an operator of an AI business intended to deliver mobile advertising solutions for mobile app developers.

Birdeye: The company raised an undisclosed amount of venture funding from Trinity Ventures on January 6, 2025. The company is a developer of a reputation and customer experience management solution that aids local businesses and brands.

Bungee Tech / Clear Demand: The company was acquired by Clear Demand for an undisclosed amount on January 9, 2025. The company is a developer of a retail performance optimization software.

Frame AI / HubSpot: The company was acquired by HubSpot for an undisclosed amount on January 6, 2025. The company translates unstructured data such as customer calls, emails, surveys and documents into insights that inform operations and strategic decisions across teams.

FuboTV / Hulu: The company reached a definitive agreement to be acquired by Hulu, a subsidiary of The Walt Disney Company, for an undisclosed amount on January 6, 2025. FuboTV Inc is a live sports, TV, news, and entertainment content streaming company.

IDerive / Nectar: The company was acquired by Nectar for an undisclosed amount on January 6, 2025. The company is a developer of an analytics platform designed to optimize costs, boost sales, and expand market share.

Laubwerk / MAXON Computer: The company was acquired by MAXON Computer, a subsidiary of Nemetschek Group, for an undisclosed amount on January 7, 2025. The company is a developer of a 3D software platform intended to assist architects and computer graphic artists with smart content.

LBMC Technology Solutions / L Catterton, Naviant: The OnBase software practice of LBMC Technology Solutions was acquired by Naviant, via its financial sponsor L Catterton, through an LBO on January 6, 2025 for an undisclosed amount. The company is a provider of B2B managed IT services, business software, business technology transformation, CRM and ERP, security services and business phone systems.

Micromobility Industries / Mayten: The company was acquired by Mayten for an undisclosed amount on January 7, 2025. The company is a developer of an automotive information website focused on small electric vehicles such as e-scooters, bikes, and boards.

Nomitri / GK Software: The company was acquired by GK Software, a subsidiary of Fujitsu, for an undisclosed amount on January 10, 2025. The company is a developer of an AI-powered visual perception software designed to recognize objects and actions like a human being.

Nuraling Global / Solace Global: The company was acquired by Solace Global for an undisclosed amount on January 6, 2025. The company is a developer of an artificial intelligence application development platform intended to detect and reduce privacy risks.

Public Utilities Fortnightly / Smart Electric Power Alliance: The company was acquired by Smart Electric Power Alliance for an undisclosed amount on January 7, 2025. The company is an operator of an online media platform intended to publish news and opinions on various social issues and leaders.

Quickwit / Datadog: The company was acquired by Datadog for an undisclosed amount on January 9, 2025. The company is a developer of an open-source search engine designed for object storage with sub-second latency.

Reks.AI / Access Control Related Enterprises: The company was acquired by Access Control Related Enterprises, via its financial sponsor Triton Partners, through an LBO on January 6, 2025 for an undisclosed amount. The company is a developer of a generative AI coding platform intended to use open-source APIs to code between software platforms.

Remo / Events.com: The company was acquired by Events.com for an undisclosed amount on January 8, 2025. The company is a developer of a remote working and collaboration platform.

rSchoolToday / ArbiterSports: The company, a subsidiary of PlayOn! Sports, was acquired by ArbiterSports, via its financial sponsor Serent Capital, through an LBO on January 8, 2025 for an undisclosed amount. The company is a developer of cloud-based software facilities intended for professional educators, principals, coaches, high school and college athletes, programmers, graphic designers and systems administrators.

Signiant / Battery Ventures: The company was acquired by Battery Ventures through an LBO on January 8, 2025 for an undisclosed amount. The company is a developer of a media workflow optimization platform.

Tignis / Cohu: The company was acquired by Cohu for an undisclosed amount on January 8, 2025. The company is a developer of an AI-powered process control and monitoring technology designed to optimize semiconductor manufacturing yield and productivity.

Verteego / Bamboo Rose: The company was acquired by Bamboo Rose, via its financial sponsor Rubicon Technology Partners, through an LBO on January 7, 2025 for an undisclosed amount. The company is a developer of descriptive analytics and predictive technology designed to enhance operational performance.

Wanna / Perfect Corp.: The company was acquired by Perfect Corp.for an undisclosed amount on January 8, 2025. The company is a developer of a mobile-based augmented reality platform designed to offer try-on services before an online purchase.

WebPurify / IntouchCX: The company was acquired by IntouchCX, via its financial sponsors Ontario Teachers’ Pension Plan and Trilantic North America, through an LBO on January 7, 2024 for an undisclosed amount. The company is a developer of AI-based image moderation platform designed to provide content moderation and review solutions through teams of human and AI content moderators.

Wise Music Group / Achieve Partners: The company was acquired by Achieve Partners through an LBO on January 9, 2025 for an undisclosed amount. The company is an operator of a music publishing platform.

Source: Pitchbook Data, Inc.