Technology Private Placement and M&A Transactions Review Week Ending March 16, 2025

Anthropic: The company is in the process of raising $750 million of venture funding in the form of convertible debt from Alphabet as of March 11, 2025. The company is a developer of a large language model platform that generates human-like text, maintains context across multiple turns in a conversation, and adapts to specific use cases and requirements.

Celestial AI: The company raised $250 million of Series C1 venture funding in a deal led by Fidelity Management & Research Company on March 11, 2025, putting the company’s pre-money valuation at $2.25 billion. AMD Ventures, Tiger Global Management, Engine Ventures, Koch Disruptive Technologies, Xora Innovation, Lip-Bu Tan, BlackRock, Maverick Capital, Porsche Automobil Holding, and Temasek Holdings also participated in the round. The company is a developer of a data center and artificial intelligence computing platform designed to serve deep learning and machine learning applications.

Cinesite: The company received $215 million of development capital from Gryphion Capital Investments, Barclays, NatWest Commercial Services and Santander UK on March 13, 2025. The company is a provider of visual effects and feature animation services intended for film, broadcast, and streaming media platforms.

Ditto: The company raised $82 million of Series B venture funding in a deal led by Top Tier Capital Partners and Acrew Capital on March 12, 2025, putting the company’s pre-money valuation at $380 million. Internet Initiative Japan, Friends & Family Capital, Advance Venture Partners, True Ventures, Amity Ventures, US Innovative Technology Fund, The Perkins Fund, Broadway Angels, Fundrise, and other undisclosed investors also participated in the round. The company is a technology business that specializes in resilient edge device connectivity solutions.

Norm AI: The company raised $48 million of Series B venture funding in a deal led by Coatue Management on March 11, 2025. New York Life Ventures, Citi Ventures, TIAA Ventures, Craft Ventures, Bain Capital Ventures, Blackstone Innovations Investments, Marc Benioff and The Vanguard Group also participated in the round. The company is a developer of a regulatory artificial intelligence agent platform designed to automate compliance processes.

OpusClip: The company raised $20 million of venture funding in a deal led by SoftBank Investment Advisers on March 11, 2025, putting the company’s pre-money valuation at $195 million. DCM Ventures, Millennium New Horizons and AI Grant also participated in the round. The company is a developer of a video repurposing platform designed to increase social media reach.

Pragma: The company raised $12.75 million of venture funding from Square Enix Holdings and other undisclosed investors on March 11, 2025. The company is a developer of a backend gaming engine designed to scale games fast, simply, and reliably.

Rwazi: The company raised $10 million of venture funding from undisclosed investors on March 13, 2025. The company is a developer of a market intelligence platform designed to provide multinational companies with actionable data.

Ottometric: The company raised $9.5 million of venture funding from undisclosed investors on March 13, 2025. The company is a developer of a verification software platform designed to automate and enhance ADAS validation and Autonomous Vehicle training processes.

Mpathic: The company raised $8 million of venture funding from undisclosed investors on March 14, 2025. The company is an operator of a conversational AI platform intended to improve human accuracy in multiple industries.

Liminal Experiences: The company raised $5.8 million of venture funding from OTK Network, BITKRAFT Ventures, and Riot Games on March 11, 2025. Marc Merrill and other undisclosed investors also participated in the round. The company operates a video game development studio for RPG-style games.

Matchbook AI: The company is in the process of raising $5 million of an undisclosed targeted amount of Series A venture funding in a deal led by Expert DOJO on March 10, 2025, putting the company’s pre-money valuation at $32 million. The company is a developer of an enterprise data integration, governance and management solution that delivers clean and relevant data across the enterprise.

Little Place Labs: The company is in the process of raising venture funding as of March 13, 2025. The company is a developer of a software business designed to build advanced AI/ML solutions that can be deployed and run on satellites and other aeronautical systems.

Lucky Seatz: The company raised venture funding from Apex Capital and undisclosed investors on March 12, 2025. The company is an operator of discount ticket lotteries for live events.

OPAQUE: The company raised an undisclosed amount of venture funding from Accenture Ventures on March 13, 2025. The company is a developer of end-to-end stacking software for virtual infrastructure designed to analyze encrypted data in the cloud.

AdHawk Microsystems / Alphabet: The company reached a definitive agreement to be acquired by Alphabet for $115 million on March 11, 2025. The company is a developer of a full-stack eye-tracking module.

340 Productions / Concert Stuff Group: The company was acquired by Concert Stuff Group for an undisclosed amount on March 10, 2025. The company is an operator of a concert and production management company catering to the entertainment industry.

Aerialtronics / Destinus: The Key Components And Technology Business of Aerialtronics was acquired by Destinus for an undisclosed amount on March 10, 2025. The company is a developer of an information-collecting drone technology based in Katwijk, Netherlands.

Amaze Software / Fresh Vine Wine: The company was acquired by Fresh Vine Wine for $75 million through a reverse merger, resulting in the combined entity trading on the NYSE under the ticker symbol AMZE on March 13, 2025. The company is a developer of a creator-powered commerce platform designed for creators and influencers to monetize their brands.

Badlion / Lunar Client: The company, a subsidiary of ESL FaceIt Group was acquired by Lunar Client for an undisclosed amount on March 12, 2025. The company is a developer of an esports gaming platform focused on Minecraft.

CLIQ Digital / Dylan Media: The company reached a definitive agreement to be acquired by Dylan Media for an undisclosed amount on March 10, 2025. Cliq Digital AG is a online performance marketing company selling subscription-based streaming services that bundle movies & series, music, audiobooks, sports and games to online consumers globally.

Engage Vision / Guardify: The company reached a definitive agreement to be acquired by Guardify for an undisclosed amount on March 10, 2025. The company is a developer of an artificial intelligence-powered retail analytics software intended to help businesses understand customer behavior and make data-driven decisions.

FastModel Sports / Hudl: The company was acquired by Hudl, via its financial sponsor Bain Capital Tech Opportunities, through an LBO on March 11, 2025 for an undisclosed amount. The company is a developer of a coaching software intended to help coaches analyze games, prepare for opponents, and recruit players.

FatTail / Chartbeat: The company was acquired by Chartbeat, via its financial sponsor Cuadrilla Capital, through an LBO on March 10, 2025 for an undisclosed amount. The company is a developer of sales and operations optimization software designed to serve the digital advertising industry.

Harmony Helper / RWS Global: The company was acquired by RWS Global, via its financial sponsor Bluestone Equity Partners, through an LBO on March 12, 2025 for an undisclosed amount. The company is a developer of a patented vocal rehearsal app intended to help singers practice vocal performances.

Hotshot / xAI: The company was acquired by xAI for an undisclosed amount on March 14, 2025. The company is a developer of a generative artificial intelligence platform designed for generating small animated video clips and images.

InceptionXR / Relias: The company was acquired by Relias, a subsidiary of Bertelsmann, for an undisclosed amount on March 11, 2025. The company is an operator of an immersive content network platform intended to deliver XR applications in key content categories.

JTR Productions / ATC Group: The company was acquired by ATC Group from Christina Haynes for an undisclosed amount on March 12, 2025. The company is a provider of music and entertainment services based in Ann Arbor, Michigan.

Jumpcut Media / Cinelytic: The company was acquired by Cinelytic for an undisclosed amount on March 11, 2025. The company is an operator of a data-driven studio business focused on films and TV shows.

Relativity Space / Individual Investor: The company was acquired by Mr.Eric Schmidt for an undisclosed amount on March 11, 2025. The company is an operator of an aerospace design and manufacturing company intended to offer commercial launch services.

Vantage Discovery / Shopify: The company was acquired by Shopify for an undisclosed amount on March 14, 2025. The company is a developer of an AI-powered search and content discovery platform designed to improve personalized search experiences using datasets and customer contexts.

Source: Pitchbook Data, Inc.