Technology Private Placement and M&A Transactions Review Week Ending June 1, 2025

Snorkel AI: The company raised $100 million of Series D venture funding in a deal led by Addition on May 29, 2025, putting the company’s pre-money valuation at $1.2 billion. QBE Ventures, Prosperity7 Ventures, Greylock, Lightspeed Venture Partners and BNY Mellon also participated in the round. The company is a developer of an artificial intelligence-powered programmatic data labeling tool designed for extracting information from text documents such as scientific articles and electronic health records.

Prepared: The company raised $80 million of Series C venture funding in a deal led by General Catalyst on May 30, 2025. First Round Capital, Andreessen Horowitz and Radical Ventures also participated in the round. The company is a developer of an AI-powered platform designed to enhance emergency response by streamlining call-taking, dispatch, and quality assurance.

Hex: The company raised $70 million of Series C venture funding in a deal led by Avra on May 28, 2025. Snowflake Ventures, BoxGroup, Amplify Partners, Redpoint Ventures, Andreessen Horowitz, Sequoia Capital, 137 Ventures and Liquid 2 Ventures also participated in the round. The company is a developer of a collaborative data workspace platform intended to streamline analytics workflows.

Atmosphere: The company received $62.7 million of development capital from Trinity Capital on May 28, 2025. The company is an operator of a streaming platform designed to offer audio-optional television programming for businesses.

Chalk: The company raised $50 million of Series A venture funding in a deal led by Felicis on May 28, 2025, putting the company’s pre-money valuation at $450 million. Unusual Ventures, General Catalyst, Xfund, and Triatomic Capital also participated in the round. The company is a developer of a data infrastructure platform designed to power real-time AI decision-making across critical industries.

PsiQuantum: The company raised $22 million of venture funding in a deal led by BlackRock on May 30, 2025. The company is an operator of a quantum computing business intended to build and deploy functional quantum computers.

Tavrn: The company raised $21.6 million of venture funding from undisclosed investors on May 27, 2025. The company is a developer of artificial intelligence-based medical chronologies and demand letters designed to streamline the process of medical record summarization for attorneys.

Invisible Technologies: The company raised $17 million of venture funding in a deal led by Freestyle Capital on May 27, 2025. Backed VC, B&Y Venture Partners, Acrew Capital, Deepwater Asset Management and other undisclosed investors also participated in the round. The company is a developer of a process orchestration platform designed to automate daily office tasks.

Creatify: The company raised $15.5 million of Series A venture funding in a deal led by WndrCo and Kindred Ventures on May 28, 2025, putting the company’s pre-money valuation at $54.5 million. The company is a developer of a marketing platform designed to create video ads from a simple product link or a description.

Amplitude Studios: The company raised $13.5 million of Series A venture funding in a deal led by Griffin Gaming Partners on May 27, 2025. Bpifrance also participated in the round. The company is a developer of a community-based platform designed to support the development of strategy video games.

Ludus: The company raised $12 million of venture funding from undisclosed investors on May 29, 2025. The company is a developer event ticketing and management software designed to facilitate online and in-person ticket sales for various organizations.

Optifye.ai: The company raised an undisclosed amount of venture funding from NVO Capital in June 2025. The company is a developer of an artificial intelligence-based optimizing platform designed to improve manufacturing efficiency.

UGO Networks: The company received an undisclosed amount of development capital from Dragon Global in June 2025. The company is an operator of an online media network that delivers daily coverage of the latest developments in games and entertainment.

Informatica / Salesforce: The company reached a definitive agreement to be acquired by Salesforce for $8 billion on May 27, 2025. Informatica Inc provides artificial intelligence enabled data management products on a cloud native platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at an enterprise scale.

Acumatica / Vista Equity Partners: The company, a subsidiary of Industrial and Financial Systems, entered into a definitive agreement to be acquired by Vista Equity Partners through an estimated $2 billion LBO on May 29, 2025. The company is a developer of cloud-based enterprise resource planning (ERP) software designed for growing midmarket companies across various industries.

AskR.ai / LTF Invest: The company was acquired by LTF Invest for an undisclosed amount on May 28, 2025. The company is a developer of an artificial intelligence powered data-assistant chatbot designed to answer data-related queries.

Big Machine Rock / Gebbia Entertainment: The company, a subsidiary of Hybe, was acquired by Gebbia Entertainment for an undisclosed amount on May 28, 2025. The company is an operator of a music label based in Nashville, Tennessee.

Danville Telecom / ImOn Communications: The company entered into a definitive agreement to be acquired by ImOn Communications, via its financial sponsor Goldman Sachs Asset Management, through an LBO on May 29, 2025 for an undisclosed amount. The company is a provider of telecommunication services intended to serve residential and business customers in Southeast Iowa.

Finji / Apple: The company was acquired by Apple for an undisclosed amount on May 29, 2025. The company is a developer of a game studio based in Grand Rapids, Michigan.

GAN / Sega Sammy Holdings: The company was acquired by Sega Sammy Holdings for $96 million on May 27, 2025. GAN Ltd provides Software-as-a-Service solutions for online casino gaming and sports betting applications.

Khoros / IgniteTech: The company was acquired by IgniteTech, via its financial sponsor ESW Capital, through an LBO on May 27, 2025 for an undisclosed amount. The company is a provider of online community management, social media marketing, social media analytics, digital care, and content management software.

LlamaZOO / KPMG: The company was acquired by KPMG for $1.5 million on May 27, 2025. The company is a developer of a multi-dimensional visualization platform designed to interact and view complex data and structures as 3D models.

Moesif / EQT: The company was acquired by WSO2, via its financial sponsor EQT, through an LBO on May 28, 2025 for an undisclosed amount. The company is a developer of an observability and monetization platform intended to serve product managers.

Quantive / WorkBoardAI: The company was acquired by WorkBoardAI for an undisclosed amount on May 28, 2025. The company is a developer of a software tool designed to combine goal management and data integration to support human decision-making.

RAC7 / Apple: The company was acquired by Apple for an undisclosed amount on May 27, 2025. The company is an operator of a game studio based in Vancouver, Canada.

SencorpWhite / Grays Peak Capital: The company was acquired by Grays Peak Capital and Valore Ventures through an LBO on May 28, 2025 for an undisclosed amount. The company is a designer and manufacturer of automated machinery intended for the storage and packaging industries.

Shiftboard / UKG: The company was acquired by UKG, via its financial sponsors Ares Management, Blackstone, CPP Investments, Hellman & Friedman, JMI Equity, Lead Edge Capital and W Capital Partners, through an LBO on May 30, 2025 for an undisclosed amount. The company is a developer of online scheduling and hourly workforce management software designed to manage workforce needs.

ShimentoX / Waverly Technologies: The company was acquired by Waverly Technologies for an undisclosed amount on May 28, 2025. The company is a developer of AI-driven automation solutions designed for business optimization.

Signatrix / ITAB Shop Concept: The company was acquired by ITAB Shop Concept for an undisclosed amount on May 26, 2025. The company is a developer of a video analytics and visual intelligence platform designed to detect objects, customer movements, and any irregular behavior in retail stores.

Swiftly / Cove Hill Partners: The company was acquired by Cove Hill Partners via its financial sponsor JMI Equity through an LBO on May 29, 2025 for an undisclosed amount. The company is a developer of a transit data platform for agencies to share real-time passenger information, manage day-to-day operations, analyze performance and ridership data, and improve service reliability.

Symbl.ai / Invoca: The company reached a definitive agreement to be acquired by Invoca for an undisclosed amount on May 28, 2025. The company is a developer of a conversational intelligence platform intended to eliminate the complexity of creating conversation-driven experiences.