Technology Private Placement and M&A Transactions Review Week Ending July 21, 2024

Tekion: The company received $200 million of development capital from Dragoneer Investment Group on July 16, 2024. The company is a developer of cloud-based business applications for the automotive retail industry.

Kandji: The company raised $100 million of Series D venture funding in a deal led by General Catalyst on July 17, 2024, putting the company’s pre-money valuation at $750 million. The company is a developer of a mobile device management platform designed to remediate security issues and provide granular control over a specific mobile device fleet.

Hayden AI: The company raised $95 million of Series C venture funding in a deal led by The Rise Fund on July 17, 2024. Autotech Ventures, Nvidia, NTT Docomo Ventures, Mitsubishi Electric, KDDI Ventures Program, NTT DoCoMo, Fanjul Capital, Drawdown Fund, Foothill Ventures, AiSprouts VC, TYH Ventures, Berkely SkyDeck, R42 Group, Black Mountain Ventures, BootstrapLabs, OpenDoor Venture Capital, MVP Ventures, Alumni Ventures, Tesserakt Ventures, Berkeley SkyDeck Fund, FJ Labs, Global Brain, TPG, Keihanna Global Acceleration Program, MIT Alumni Angels of Northern California, Daniel Hoffer, Doon Capital, Costella Kirsch and Habico Invest also participated in the round. The company is a developer of an autonomous traffic management platform designed to improve urban mobility.

Amity: The company raised $60 million of Series C venture funding in a deal led by Sinar Mas Digital Ventures and Insight Capital on July 16, 2024. Gobi Partners also participated in the round. The company is a developer of an in app communication platform.

Anysphere: The company raised an estimated $60 million of Series A venture funding from Andreessen Horowitz and other undisclosed investors on July 16, 2024, putting the company’s pre-money valuation at $340 million. The company is a developer of an artificial intelligence-powered integrated development environment designed to help software engineers write code faster and more efficiently.

Captions: The company raised $60 million of Series C venture funding in a deal led by Index Ventures on July 10, 2024, putting the company’s pre-money valuation at $500 million. HubSpot Ventures, Adobe Ventures, Andreessen Horowitz, Sequoia Capital, Kleiner Perkins, 137 Ventures and Jared Leto also participated in the round. The company is a developer of an artificial intelligence-powered video creation and captioning platform.

Volley: The company raised $55 million of Series C venture funding in a deal led by M12 and Lightspeed Venture Partners on July 9, 2024. Amazon Alexa Fund, Causeway Media Partners, Waverley Capital, Alumni Ventures, Gaingels, General Catalyst, Riverside Ventures, BITKRAFT Ventures, Boost VC and Y Combinator also participated in the round. The company is a developer of voice-controlled games for smart devices, speakers, and smartphones.

Fireworks AI: The company raised $52 million of Series B venture funding in a deal led by Sequoia Capital on July 08, 2024, putting the company’s pre-money valuation at $500 million. Databricks Ventures, Advanced Micro Devices, MongoDB Ventures, Benchmark Capital Holdings, Nvidia, Frank Slootman, Alexandr Wang, Sheryl Sandberg, Howie Liu and other undisclosed investors also participated in the round. The company is a developer of a customizable solution for generative artificial intelligence that helps product developers run, fine-tune, and share large language models.

OneData: The company raised EUR 32 million of Series B venture funding in a deal led by VSquared Ventures, Molten Ventures and HV Capital on July 16, 2024. Dynelectro, Black Semiconductor, Opti Invest Green, and Salvia also participated in the round. The company is a developer of datahub software designed to help data experts collaborate across different silos.

Freshpaint: The company raised $30.7 million of Series B venture funding in a deal led by Threshold Ventures on July 17, 2024, putting the company’s pre-money valuation at $214.3 million. Intel Capital, Zero Prime Ventures, SignalFire (Private Equity), Y Combinator, and Gopher Asset Management also participated in the round. The company is a developer of a customer data platform designed to facilitate marketing by analyzing customer information.

Arcee.ai: The company raised $24 million of Series A venture funding in a deal led by Emergence on July 16, 2024. Centre Street Partners, Long Journey Ventures, Flybridge Capital Partners, Scott Banister and Arcadia Capital also participated in the round. The company is a developer of a domain-adapted language model system that trains and deploys Small Language Models (SLMs).

Artificial.Agency: The company raised $16 million of venture funding from Toyota Ventures, Business Development Bank of Canada and Tirta Management on July 18, 2024. Flying Fish Partners, Kaya VC, Radical Ventures and other undisclosed investors also participated in the round. The company is a developer of a generative behavior engine that integrates runtime decision-making seamlessly into videogames.

Medal.tv: The company raised $13 million of venture funding from PEAK6 Investments, Horizons Ventures and OMERS Ventures on July 11, 2024, putting the company’s pre-money valuation at $320 million. Arcadia Investment Partners also participated in the round. The company is an operator of an online game recording platform for sharing digital game clips and highlights with other gamers.

Escala: The company raised $12 million of venture funding in a deal led by Alaya Capital and IGNIA Partners on July 10, 2024. High Alpha and Carao Ventures also participated in the round. The company is a developer of an all-in-one marketing and sales platform.

Odyssey: The company raised $9 million of venture funding from GV, DCVC and Air Street Capital on July 9, 2024. Y Combinator, Elad Gil, Garry Tan, Soleio Cuervo, Jeff Dean, Kyle Vogt, Qasar Younis, Guillermo Rauch, Soumith Chintala and other undisclosed investors also participated in the round. The company is a developer of Hollywood-grade AI video tools for professional filmmakers and animators.

Dusk: The company raised $8 million of venture funding in a deal led by byFounders and Makers Fund on July 16, 2024. Ben Liu, Thomas Hartwing and Aditya Rathnam also participated in the round. The company is a developer of an online gaming and media platform.

Shaped: The company raised $8 million of Series A venture funding in a deal led by Madrona Venture Group on July 17, 2024. Y Combinator and other undisclosed investors also participated in the round. The company is a developer of deep-learning software designed to increase engagement for feeds, recommendations, and notifications.

TackleAI: The company raised $6 million of venture funding from Cleveland Avenue and Angeles Investors on July 16, 2024. The company is a developer of an artificial intelligence engine and data management software designed to help access the critical information contained in unstructured documents.

Aiva Technologies: The company raised $5 million of venture funding from Kayacan Holding on July 11, 2024. The company is a developer of an AI-based platform designed to compose music for movies, commercials, games, and television shows.

Recast: The company raised $5 million of venture funding in a deal led by Morpheus Ventures on July 9, 2024. Cooley and Airstream Capital also participated in the round. The company is a developer of a ready-to-go streaming solution for media owners, brands and affiliates to embed video on websites.

Cohere: The company raised an undisclosed amount of venture funding from Nvidia, Salesforce Ventures and Oracle on July 16, 2024. Cisco Investments, Fujitsu, Gauntlet Ventures, Strategxy Ventures, Thomvest Ventures and Public Sector Pension Investment Board also participated in the round. IronArc Ventures also participated in this round. The company is a developer of a natural language processing software.

Trackhouse Racing: The company received an undisclosed amount of development capital from Avenue Capital Group on July 17, 2024. The company is an operator of a motorsports brand.

TAIT / Goldman Sachs Asset Management: The company entered into a definitive agreement to be acquired by Goldman Sachs Asset Management and its management through an estimated $1.3 billion LBO on July 9, 2024 for an undisclosed amount. The company is a provider of contract manufacturing and engineering services.

LandVault / Infinite Reality: The company was acquired by Infinite Reality, a subsidiary of Display Social, for $450 million on July 9, 2024. The company is an operator of a metaverse studio which helps customers build, publish, and monetize digital twins and immersive 3D experiences.

Supponor / TGI Sport: The company was acquired by TGI Sport, via its financial sponsor Bruin Capital, through an LBO on July 11, 2024 for an undisclosed amount. The company is a sports media and technology company that uses virtual advertising technology in live sports broadcasts.

Outsell / Impel: The company was acquired by Impel, via its financial sponsors Silversmith Capital Partners and Wavecrest Growth Partners, through an estimated $100 million LBO on July 9, 2024. The company is a developer of an artificial intelligence-based marketing automation platform for the automotive industry.

Asaphus Vision / Seeing Machines: The company, a subsidiary of Valeo reached a definitive agreement to be acquired by Seeing Machines for an undisclosed amount on July 8, 2024. The company is a developer of a driver and interior monitoring software for the autonomous driving industry.

BOOM! Studios / Penguin Random House: The company reached a definitive agreement to be acquired by Penguin Random House, a subsidiary of Bertelsmann, for an undisclosed amount on July 10, 2024. The company is an operator of a publishing platform for comic books and graphic novels.

BSmart 4Change / Ficade Group: The company was acquired by Ficade Group for an undisclosed amount on July 9, 2024. The company is an operator of an economics and finance channel based in Paris, France.

CAMS Software / Kaleris: The company, a subsidiary of Mzinga, was acquired by Kaleris, via its financial sponsor Accel-KKR, through an LBO on July 9, 2024 for an undisclosed amount. The company is a provider of an online platform for grocery distribution centers which offers competitive technology solutions for driver payroll, dispatch management, and backhaul optimization.

CereProc / Capacity: The company was acquired by Capacity for an undisclosed amount on July 10, 2024. The company is a developer of text-to-speech applications.

Dreamscape Media / RBmedia: The company entered into a definitive agreement to be acquired by RBmedia, via its financial sponsors Francisco Partners and H.I.G. Capital, through an LBO on July 9, 2024 for an undisclosed amount. The company is a publisher of audio-visual content and entertainment.

EKB Groep / Eiffage Energie Systems: Eiffage Energie Systems reached a definitive agreement to acquire the EKB Groep of TKH Group for an undisclosed amount on July 16, 2024. The company is a developer of software solutions in the field of industrial automation.

Flame / Treasure: The company reached a definitive agreement to be acquired by Treasure for an undisclosed amount on July 9, 2024. The company is a developer of an online gaming platform designed to facilitate real-money tournaments in online video game matches.

Insightly / Unbounce: The company was acquired by Unbounce, via its financial sponsor Crest Rock Partners, through an LBO on July 16, 2024 for an undisclosed amount. The company is a developer of an online customer relationship management platform.

Issuu / Bending Spoons: The company was acquired by Bending Spoons, via its financial sponsors Baillie Gifford, NB Renaissance, NUO Capital, Tamburi Investment Partners, View Different, Mega Holding, Rapid Pioneers, Eagle Capital Ventures, Adjacent Venture Capital, Annox Capital, Cherry Bay Capital Group, Durable Capital Partners, H14, Neuberger Berman, OTB Group and Wellness Holding, through an LBO on July 19, 2024 for an undisclosed amount. The company is an operator of a digital publishing platform.

Jebbit / BlueConic: The company was acquired by BlueConic, via its financial sponsors Charles & Potomac Capital, Partners Group, and Vista Equity Partners, through an LBO on July 10, 2024 for an undisclosed amount. The company is a developer of a mobile marketing platform designed to collect and activate relevant consumer data.

Journey 121 / Bold Orange: The company was acquired by Bold Orange, via its financial sponsor Mountaingate Capital, through an LBO on July 10, 2024 for an undisclosed amount. The company is a developer of a promotional marketing platform designed for multi-location brands for franchise discounting.

LF.Group / Xsolla: The company was acquired by Xsolla (USA) for an undisclosed amount on July 18, 2024. The company is a developer of a social web gaming SaaS platform.

Pixelberry Studios / Series Entertainment: The company, a subsidiary of Nexon was acquired by Series Entertainment for an undisclosed amount on July 10, 2024. The company is a developer of mobile games.

Polarity / ThreatConnect: The company was acquired by ThreatConnect, via its financial sponsor PSG, through an LBO on July 9, 2024 for an undisclosed amount. The company is a developer of a memory augmentation platform that analyzes users’ computer screens and provides real-time access to information.

Rikodi / Calvert Drive Ventures, Snipitz: The company was acquired by Snipitz and Calvert Drive Venture for an undisclosed amount on July 16, 2024. The company is a developer of a collaborative multimedia content platform.

Screen Scene Group / Dunport Capital Management: The company, a subsidiary of NEP Group, was acquired by DunPort Capital Management, Mr. Jake Walshe, Mr. Mura O’Byrne, Mr. Hubert Montag and other equity investors for an undisclosed amount on July 8, 2024. The company is a provider of broadcasting services based in Dublin, Ireland.

Teads / Outbrain: The company reached a definitive agreement to be acquired by Outbrain for an undisclosed amount on July 19, 2024. The company is an operator of a cloud-based digital video marketplace intended to offer out-stream video advertising.

TraQline / Gap Intelligence: The company was acquired by Gap Intelligence, via its financial sponsor ParkerGale Capital, through an LBO on July 9, 2024 for an undisclosed amount. The company is a developer of a cloud-based consumer insights software designed for market research and data research services.

Uberflip / PathFactory: The company was acquired by PathFactory, via its financial sponsors BDC Capital, VERTU Capital, BMO Global Asset Management and Nicola Wealth Private Capital, through an LBO on July 15, 2024 for an undisclosed amount. The company is a developer of a content marketing platform created to optimize the content experience, boost engagement, generate leads and fuel demand generation.

Valyant AI / ConverseNow: The company was acquired by ConverseNow for an undisclosed amount on July 9, 2024. The company is a developer of a conversational artificial intelligence platform.

Versed AI / Exiger: The company was acquired by Exiger, via its financial sponsors The Carlyle Group and Carrick Capital Partners, through an LBO on July 8, 2024 for an undisclosed amount. The company is a developer of a SaaS-based platform designed for the extraction of supply chain intelligence from natural language text and other data sources.

Who Knows Wins / Treasure Global: The company was acquired by Treasure Global for an undisclosed amount on July 8, 2024. The company is a developer of a social gaming platform designed for users to compete against each other to win cash.

Source: Pitchbook Data, Inc.