Private Placement / Financing Transactions
Runway: The company raised $191 million of Series C venture funding in a deal led by Felicis on June 29, 2023, putting the company’s pre-money valuation at $1.4 billion. Salesforce Ventures, Coatue Management, Lux Capital, Amplify Partners, Compound, Madrona Venture Group, Nvidia, Alphabet, and 6 angel investors also participated in the round. The company’s generative AI software allows users to transform or adjust existing videos or create new videos by using text prompts or images.
Typeface: The company raised $165 million of Series B venture funding in a deal led by Salesforce Ventures on June 29, 2023, putting the company’s pre-money valuation at $835 million. Lightspeed Venture Partners, GV, M12, Microsoft, Madrona Venture Group, Menlo Ventures, and A&E Investments also participated in the round. The company is an operator of a generative AI platform for enterprise content creation.
Reka AI: The company raised $58 million through a combination of debt and Series A venture funding in a deal led by DST Global Partners and Radical Ventures on June 27, 2023, putting the company’s pre-money valuation at $265 million. Snowflake Ventures and Nat Friedman also participated in the round. The company is a developer of generative AI large language models designed to create enterprise-grade production models from their foundation models.
Preply: The company raised $22.5 million of venture funding from undisclosed investors on June 30, 2023. The company is a developer of a digital tutoring platform designed to promote learning with one-on-one online tutors.
Faros: The company raised $20 million of Series A venture funding in a deal led by Lobby Capital on June 27, 2023, putting the company’s pre-money valuation at $80 million. Salesforce Ventures, Operator Collective, SignalFire and other undisclosed investors also participated in the round. The company is a developer of an engineering operations platform designed to automate tasks with a single application program interface.
Slang.ai: The company raised $19.7 million of Series A venture funding in a deal led by Homebrew on June 27, 2023, putting the company’s pre-money valuation at $30.3 million. Active Capital, StartX (US), Path Ventures, Collide Capital, Deck Point Capital, Stage 2 Capital, Wing Venture Capital and Underscore VC also participated in the round. The company is a developer of a conversational AI platform designed to improve customer service operations for its clients.
Zenarate: The company raised $15 million of Series A venture funding in a deal led by Volition Capital on June 27, 2023, putting the company’s pre-money valuation at $100 million. The company is a developer of an artificial intelligence coach designed to scale practices across organizations.
Alation: The company raised an undisclosed amount of venture funding from NTT Docomo Ventures on June 27, 2023. The company is a developer of an enterprise collaborative data platform designed to find, understand and use relevant data.
Audazzio: The company is in the process of raising an undislcosed amount of venture funding. The company is a developer of a communication platform intended to provide in-venue and at-home fan engagement opportunities for teams and broadcasters.
Elin: The company raised an undisclosed amount of venture funding from Presto Ventures on June 27, 2023. The company is a developer of an AI-driven engagement tracker for teams in Slack designed to make remote teams productive and successful.
GeoLinks: The company received an undisclosed amount of development capital from JLC Infrastructure on June 27, 2023. The company is a provider of telecommunication and fixed-wireless internet services for businesses and homes in underserved and rural areas.
Rabbit Track Pictures: The company raised an undisclosed amount of venture funding from Banijay Group on June 28, 2023. The company is an operator of a film and television production company bridging the gap between Hollywood and the European film and television world.
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