| Private Placement / Financing Transactions
Perplexity: The company raised an estimated $56 million of Series B venture funding from undisclosed investors on March 6, 2024, putting the company’s pre-money valuation at $944 million. The company is a developer of an artificial intelligence-based search engine platform.
Baseten: The company raised $40 million of Series B venture funding in a deal led by IVP and Spark Capital on March 4, 2024, putting the company’s pre-money valuation at $180 million. South Park Commons, Greylock, Base Case Capital, and Lachy Groom also participated in the round. The company is a developer of machine learning models for business operations.
io.net: The company raised $30 million of Series A venture funding in a deal led by Hack VC on March 5, 2024. Solana Labs, OKX, Aptos Labs, Delphi Digital, 6th Man Ventures, Multicoin Capital, Moonhill Capital, Modular Capital, MH Ventures, Protagonist, Zephyrus Capital, The Sand Box, Web3.com Ventures and WAGMI Ventures (New York) also participated in the round. The company is a developer of a blockchain-based GPU cloud platform for machine learning applications.
Openprise: The company raised $25 million of Series B venture funding in a deal led by Morgan Stanley Expansion Capital on March 6, 2024, putting the company’s pre-money valuation at $80 million. The company is a developer of a cloud-based data automation platform.
Kevel: The company raised $23 million of Series C venture funding in a deal led by Fulcrum Equity Partners on March 7, 2024, putting the company’s pre-money valuation at $92.5 million. dunnhumby Ventures, Iberis Capital, Godwin Capital Group, Triangle Tweener Fund and Commerce Ventures also participated in the round. The company is a developer of ad-serving APIs designed to help developers build server-side ad platforms.
Betr Holdings: The company raised $15 million of venture funding in a deal led by Harmony Partners and 10X Capital on March 6, 2024, putting the company’s pre-money valuation at $360 million. Fuel Venture Capital, Roger Ehrenberg and Aliya Capital Partners also participated in the round. The company is a developer of a sports betting platform.
Metaplane: The company raised $13.8 million of Series A venture funding in a deal led by Felicis on March 5, 2024. Khosla Ventures, Flybridge Capital Partners, Stage 2 Capital, SNR, B37 Ventures and Y Combinator also participated in the round. The company is a developer of a machine learning data anomaly detection platform.
Aerwave: The company raised $11.1 million of venture funding through a combination of convertible debt and equity from undisclosed investors on March 6, 2024. The company is a developer of a wireless network platform.
Aisle: The company raised $7.8 million of venture funding from undisclosed investors on March 7, 2024. The company is a developer of a retail customer engagement tool designed to understand customers’ habits.
Entrada: The company raised an undisclosed amount of venture funding from Databricks Ventures on March 4, 2024. The company is a developer of a Databricks-focused consulting platform.
Strive Gaming: The company raised an undisclosed amount of venture funding in a deal led by OpenBet Technologies on March 6, 2024. NetEnt, Knutsson Holdings, Astralis Capital, and Betsson also participated in the round. The company is a developer of an iGaming technology platform designed to provide additional revenue and automation for North American gaming operators.
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