Strategy | Financing Transactions
Private Placement / Financing Transactions

Mark43: The company raised $55 million of venture funding in a deal led by General Catalyst on May 31, 2024. Other undisclosed investors also participated in the round. The company is a developer of a public safety computer-aided dispatch, analytics, and property and evidence software platform designed to support law enforcement.

Hercules: The company raised $26.1 million of venture funding from undisclosed investors on May 30, 2024. The company is a developer of artificial intelligence-powered automation software designed to automate time-consuming administrative tasks.

Maven AGI: The company raised $20 million of Series A venture funding in a deal led by M13 on May 29, 2024, putting the company’s pre-money valuation at $70 million. E14 Fund, Lux Capital and other undisclosed investors also participated in the round. The company is an operator of a digital marketing agency intended to automate support for marketing and sales departments.

EthonAI: The company raised CHF 15.0 million of Series A venture funding in a deal led by Index Ventures on May 30, 2024, putting the company’s pre-money valuation at CHF 49.5 million. Founderful, Earlybird Venture Capital and General Catalyst also participated in the round. The company is a developer of an artificial intelligence-powered platform designed to detect and prevent quality defects in manufacturing.

Infleqtion: The company raised an estimated $11 million of venture funding from Overmatch and other undisclosed investors on May 28, 2024. The company is a supplier of high-precision components for research labs and quantum machine development.

Hypersonic Laboratories: The company raised $7 million of Series A venture funding in a deal led by Play Ventures on May 30, 2024. KB Investment, WTIC, AppWorks, and Alexander Ekvall also participated in the round. The company is an operator of an independent game studio that develops metavese gaming applications.

Sutro: The company raised $6 million of venture funding from undisclosed investors on May 28, 2024. The company is an operator of a development platform that allows clients to create applications and business software with elements of low-code, AI-generated code and custom code.

LifeBrand: The company raised $6 million of Series B venture funding from undisclosed investors on May 29, 2024. The company is a developer of a brand reputation and risk management technology designed to protect social media presence.

Game Garden: The company raised an undisclosed amount of venture funding from GEM Capital on May 30, 2024. The company is an operator of a videogame studio that develops mobile and social network games.

Obsidian: The company raised an undisclosed amount of venture funding from Himax Technologies on May 29, 2024. The company is a developer of a glass microelectromechanical system for the thermal sensor industry.

Signatrix: The company raised an undisclosed amount of venture funding from ITAB Shop Concept on May 30, 2024. 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.

Melboss Music: The company is in the process of raising venture funding in a combination of debt and equity on May 27, 2024. The company is a developer of an AI-powered music manager platform.

Dreamflow Technology: The company raised venture funding from Soma Capital on an undisclosed date. The company is an operator of an AI-based video generation platform for live streaming.


M&A Transactions

Dabble / Headout: The company was acquired by Headout for an undisclosed amount on May 31, 2024. The company is an operator of a virtual photo studio intended to scale and automate product photography for e-commerce brands.

FactoryPal / Valmet: The company, a subsidiary of Körber Digital reached a definitive agreement to be acquired by Valmet for an undisclosed amount on May 29, 2024. The company’s platform uses machine learning and artificial intelligence to keep track of optimal centerline settings and improve manufacturing shopfloor performance.

GARAIO / Netrics: The company was acquired by Netrics, via its financial sponsor Bregal Unternehmerkapital, through an LBO on May 28, 2024 for an undisclosed amount. The company is a developer of digital software designed to enhance customer relationships and employee satisfaction.

HelloDone / Scurri: The company was acquired by Scurri for an undisclosed amount on May 31, 2024. The company is a developer of a fully managed automated messaging platform designed to manage home deliveries, returns, repairs, and click and collect.

River Horse / Mantic Games: The company was acquired by Mantic Games for an undisclosed amount on May 31, 2024. The company is a developer of online games based in Nottingham, United Kingdom.

Split / Harness: The company reached a definitive agreement to be acquired by Harness for an undisclosed amount on May 29, 2024. The company is a developer of a feature delivery platform that specializes in feature flags and data measurement.

ViewLabs / Pix-Virtual: The company was acquired by Pix-Virtual for an undisclosed amount on May 30, 2024. The company is a developer of autonomous robots designed to capture high-quality immersive and interactive content.


Source: Pitchbook Data, Inc.

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