Technology Private Placement and M&A Transactions Review Week Ending July 6, 2025

xAI: The company raised $5 billion of venture funding from Morrison Seger, Pittco Management and other undisclosed investors on July 1, 2025. The company is a developer of an artificial intelligence platform designed to accelerate human scientific discovery.

Talon.One: The company raised $135 million of venture funding from Silversmith Capital Partners, Meritech Capital Partners and CRV on July 2, 2025. The company is a developer of a promotion software designed to create targeted and customized marketing publicity.

Levelpath: The company raised $55 million of Series B venture funding in a deal led by Battery Ventures on June 30, 2025, putting the company’s pre-money valuation at $400 million. Redpoint Ventures, Benchmark Capital Holdings, 01 Advisors, and other undisclosed investors also participated in the round. The company is an operator of an artificial intelligence-powered procurement platform intended to unify workflows, sourcing, data, employees, suppliers and devices to enhance productivity and collaboration across enterprises.

Chai Research: The company raised an estimated $45 million of venture funding from CoreWeave, Advanced Material Development and Bill Elmore on July 2, 2025. Ken Howery also participated in the round. The company is a developer of a crowdsourced AI platform designed to advance the development of artificial general intelligence.

Distinct Possibility Studios: The company raised $30.5 million of venture funding in a deal led by BITKRAFT Ventures and Brevan Howard Asset Management on July 4, 2025. Tezos, Hashed, Delphi Ventures, Decasonic and other undisclosed investors also participated in the round. The company is a developer of multiplayer open-world gaming experiences designed for integration with optional blockchain-enabled asset ownership and community-driven content.

Chloris Geospatial: The company raised $14.8 million through a combination of Series A and Series A-1 venture funding from Orbia Ventures, At One Ventures and Counteract Partners on June 30, 2025, putting the company’s pre-money valuation at $29 million. NextEnergy Sustainable Technology for the Planet, AXA Investment Managers, Cisco Foundation, and other undisclosed investors also participated in the round. The company is a developer of a remote sensing technology designed to monitor natural resources.

ArborXR: The company raised $12 million of Series A venture funding in a deal led by Cortado Ventures and Mercury Fund on December 20, 2024, putting the company’s pre-money valuation at $30 million. Impact Venture Capital, Lewis & Clark Ventures and Ankona Capital also participated in the round. The company is a developer of an extended reality device management platform designed to manage virtual reality and artificial intelligence devices at scale, deploy content remotely, and control user activity.

Yuno: The company raised EUR 7 million of venture funding from New Renaissance Ventures, IBB Ventures and Fairway Partners on July 1, 2025. Fair VC and Blast.Club also participated in the round. Yuno is a leading global payment orchestration platform that simplifies payment processing for businesses.

nVenue: The company raised $6 million of venture funding from undisclosed investors on June 30, 2025. The company is a developer of a predictive sports platform designed to offer live betting and media experiences.

AKAIO: The company is in the process of raising $5 million of an undisclosed targeted amount of Series A venture funding on June 30, 2025. The company is a developer of an artificial intelligence-based platform designed for managing innovation ecosystems, automating insights, optimizing processes, and enhancing decision-making.

North: The company raised $5 million of Series A venture funding in a deal led by Companyon Ventures on June 30, 2025. The company is a developer of a cloud automation platform designed for AWS optimization with AI.

Beast Games: The company raised an undisclosed amount of venture funding from Cashmere Fund in July 2025. The company is an operator of a a reality competition television series.

Bound: The company raised an undisclosed amount of venture funding from InnoVenture Iowa in July 2025. The company is a developer of a sports data platform designed to simplify the management of athletic programs and activities.

Hireuavpro.com: The company received an undisclosed amount of development capital from NK Capital Partners in July 2025. The company is a provider of drone operator sourcing services intended to connect businesses with trusted UAV professionals for a wide range of aerial project needs.

IntheLoop: The company raised an undisclosed amount of venture funding from J4.Ventures in July 2025. The company is a developer of an AI-powered resale automation platform designed to streamline the digitization and monetization of secondhand fashion.

Nomi: The company raised an undisclosed amount of venture funding from Kima Ventures in July 2025. The company is a developer of a real-time sales copilot designed to provide on-the-spot phrase suggestions to users.

Openrounds: The company raised an undisclosed amount of venture funding from Bantam Group in July, 2025. The company is an operator of a golf club membership platform intended to explore and book reservations.

Runic: The company raised an undisclosed amount of venture funding from Bantam Group in July 2025. The company is a developer of an AI-driven platform designed to transform unstructured customer feedback into actionable marketing insights.

XSET: The company raised an undisclosed amount of venture funding from 32 Ventures in July 2025. The company is an operator of an gaming lifestyle and media brand focused on digital culture for esports.

Outbound.com: The company raised an undisclosed amount of venture funding from Collective Capital Ventures in July 2025. The company is a developer of an AI-powered marketing automation platform designed to simplify and streamline the marketing process for businesses.

The Point AI: The company raised an undisclosed amount of venture funding from Auspicious Fund in July 2025. The company is a developer of enterprise-focused artificial intelligence solutions designed for operational integration and decision automation purposes.

ToffeeX: The company is in the process of raising venture funding on July 4, 2025. The company is a developer of a multi-physics generative AI platform that provides efficient and reliable design alternatives for industrial applications.

Valve: The company raised an undisclosed amount of venture funding from Ventioneers in July 2025. The company is a video game developer, publisher and digital distribution company.

DirecTV / TPG: AT&T has completed the sale of its remaining 70% stake in DirecTV to TPG, giving TPG full ownership of the satellite TV provider. DirecTV was acquired by TPG through a $7.6 billion LBO on July 2, 2025.  The deal includes a contingent payout of $500 million. The company is a provider of satellite television network and digital television entertainment services based in Englewood, Colorado.

International Game Technology / Everi Holdings / Apollo Asset Management: International Game Technology PLC (NYSE: IGT) and Everi Holdings Inc. (NYSE: EVRI) on July 1, 2025, closed on a transaction where IGT’s Gaming & Digital business and Everi were simultaneously acquired in a public-to-private LBO by a newly formed holding company owned by Apollo Global Management in an all-cash transaction that values the acquired businesses at approximately $6.3 billion on a combined basis.  Everi provides entertainment and technology solutions for the casino, interactive, and gaming industry.

PlayAGS / Brightstar Capital Partners: The company was acquired by Brightstar Capital Partners through a $1 billion public-to-private LBO on June 30, 2025. PlayAGS Inc is a designer and supplier of gaming products and services for the gaming industry.

AnalyticsIQ / Alliant: The company was acquired by Alliant, via its financial sponsor Inverness Graham, through an LBO on June 30, 2025 for an undisclosed amount. The company is an operator of a marketing data and analytics business focused on providing consumer data and analytics solutions.

AppLovin / Tripledot Studios: The Mobile Gaming Business of AppLovin was acquired by Tripledot Studios, a subsidiary of Tripledot Group Holdings, for an undisclosed amount on June 30, 2025. The company is a developer of mobile games and applications based in Palo Alto, California.

Atlona / Hall Technologies: The company, a subsidiary of Panduit, was acquired by Hall Technologies, via its financial sponsors Gun Lake Investments and Yorkshire Equity, through an LBO on June 30, 2025 for an undisclosed amount. The company is a manufacturer of audio-video signal distribution and control products intended for a diverse range of commercial and residential AV and IT markets.

Blue Cheetah Analog Design / Tenstorrent: The company was acquired by Tenstorrent for an undisclosed amount on July 1, 2025. The company is a developer of a customizable chiplet interconnect Internet Protocol designed to advance die-to-die connectivity across standard and advanced packaging applications.

Brut. / CMA CGM: The company entered into a definitive agreement to be acquired by CMA CGM, via its financial sponsor Bpifrance, through an LBO on July 4, 2025 for an undisclosed amount. The company is an operator of an online media publishing company intended to provide news through social streams.

Cartoon Brew / Individual Investor: The company was acquired by Mr. Jamie Lang on July 1, 2025. The company is an operator of an online news publication focused on the animation industry based in Palm Springs, California.

FilmRise / Shout! Factory: The company was acquired by Shout! Factory, via its financial sponsor Brookfield Oaktree Holdings, through an LBO on July 1, 2025 for an undisclosed amount. The company is a distributor of films and television entertainment programs based in Brooklyn, New York.

Kiterocket / Southwest Strategies: The company was acquired by Southwest Strategies, via its financial sponsors Palladium Equity Partners and Tree Line Capital Partners, through an LBO on July 1, 2025 for an undisclosed amount. The company is a provider of public relations and marketing services based in Phoenix, Arizona.

Relevvo / Intuit: The company was acquired by Intuit for an undisclosed amount on July 1, 2025. The company is a developer of a cold outreach platform intended to improve marketing initiatives for businesses.

Superhuman / Grammarly: The company reached a definitive agreement to be acquired by Grammarly for an undisclosed amount on July 1, 2025. The company is a developer of an email extension application designed to offer electronic mailing services.

Swatchbook / CLO: The company was acquired by CLO for an undisclosed amount on July 1, 2025. Swatchbook is a design and software company that specializes in developing applications for material sourcing, exploration, design, and visualization within the fashion and design industries.

VeloCloud / Arista Networks: The company was acquired by Arista Networks for an undisclosed amount on July 3, 2025. The company is a provider of cloud-based networking services to improve performance over private, broadband Internet and LTE links.

Viqeo / Video King: The company was acquired by Video King, a subsidiary of Everi Holdings, for an undisclosed amount on July 3, 2025. The company is an operator of an AI-video platform which allows publishers to make vertical videos from articles.

Crossing Minds / OpenAI: The company was acquired by OpenAI for an undisclosed amount on June 30, 2025. The company is a developer of an entertainment recommendation platform designed to provide personal recommendations without affecting customer privacy.