Technology Private Placement and M&A Transactions Review Week Ending March 23, 2025

Cognition: The company raised an estimated $120 million of venture funding in a deal led by 8VC on March 18, 2025, putting the company’s pre-money valuation at $3.8 billion. Founders Fund, Khosla Ventures, Conviction Partners, Elad Gil, and other undisclosed investors also participated in the round. The company is a developer of an autonomous artificial intelligence chatbot designed to manage development projects from inception to completion.

Dataminr: The company raised $85 million of venture funding in a combination of convertible debt and debt in a deal led by NightDragon on March 20, 2025. HSBC Innovation Banking and Capital Advantage Ventures also participated in the round. The company is a developer of an event and risk detection platform designed to discover critical information from publicly available data sets and deliver real-time alerts.

Buynomics: The company raised $30 million of Series B venture funding in a deal led by Forestay Capital on March 20, 2025. Tomahawk.VC, Dieter von Holtzbrinck Ventures, Seedcamp, Insight Partners, VI Partners and Anaïs Ventures SA also participated in the round. The company’s virtual shopper AI simulates the buying decisions of real customers using AI, integrating sales data, customer surveys, and pricing insights for decision-making.

Litesport: The company raised $16.9 million of venture funding from undisclosed investors on March 20, 2025. The company is a developer of interactive virtual reality fitness applications.

SlingShot DAO: The company raised $16 million of venture funding from Animoca Brands, Digital Currency Group and Dragonfly Capital on March 17, 2025. Sanctor Capital, Collab+Currency, Alphabit, Standard Crypto, Sfermion and other undisclosed investors also participated in the round. The company is a developer of a decentralized gaming ecosystem that allows members to cooperate using the slingshot App to turn ideas into game experiences.

Gradial: The company raised $13 million of Series A venture funding in a deal led by Madrona Venture Group on March 17, 2025, putting the company’s pre-money valuation at $72 million. DLA Piper, General Advance, Outsiders Fund, Pruven Capital, and other undisclosed investors also participated in the round. The company is a developer of a generative artificial intelligence platform designed for enterprises to build powerful native and cross-app workflows and provide customer support.

Mapp Digital: The company received $13 million of development capital from UBS O’Connor on March 20, 2025. The company’s SaaS-based platform combines customer acquisition with engagement and offers built-in cross-channel capabilities, including email, mobile, social and web

Arcade: The company raised $12 million of venture funding in a deal led by Laude Ventures on March 18, 2025. Flybridge Capital Partners, Hanabi Capital Management, Neotribe Ventures, and Andy Rachleff also participated in the round. The company is a developer of an AI tool-calling platform designed to enable AI to act on behalf of users securely.

Modjoul: The company raised $11.7 million of venture funding from undisclosed investors on March 18, 2025. The company is a developer of wearable devices designed to provide data and actionable insights to eliminate employee injuries in the workplace.

PTO: The company raised $10 million of venture funding from Cordillera Investment Partners on March 18, 2025. The company is an operator of a triathlon promotional platform to advance the sport through an annual series of high-profile women’s and men’s races globally.

Procurated: The company raised $8.8 million of venture funding from undisclosed investors on March 21, 2025. The company is a developer of an online procurement platform designed to connect public sector buyers with peer-reviewed suppliers.

Workshop: The company raised $7 million of Series A venture funding from undisclosed investors on March 18, 2025, putting the company’s pre-money valuation at $92 million. The company is a developer of an integrated brand engagement engine specializing in authentic brand storytelling and results-driven marketing solutions.

Aletiq: The company raised EUR 6 million of venture funding in a deal led by Point Nine Capital on March 19, 2025. Entropy Industrial Capital, Markus Ament, Stephane Albernhe, Carsten Thoma, Emmanuel Martin-Chave and AngelInvest also participated in the round. The company is a developer of a data management platform designed to enhance operational efficiency and ensure compliance in industrial sectors.

Occuspace: The company raised $6 million of Series A venture funding in a deal led by Lewis & Clark Ventures on March 17, 2025, putting the company’s pre-money valuation at $22 million. Shadow Ventures, Okapi Venture Capital, Cove Fund, Hamilton Ventures (Washington DC) and other undisclosed investors also participated in the round. The company is a developer of crowd monitoring technology designed for optimum occupancy management and safety.

Taara: The company raised an undisclosed amount of venture funding from Series X Capital on March 17, 2025. The company is a developer of photonic communication technology designed to provide internet connectivity using network equipment.

X Corp.: The company received an undisclosed amount of development capital from Mr. Elon Musk, Goanna Capital, Andreessen Horowitz, Sequoia Capital, 8VC, Darsana Capital Partners and Fidelity Investments on March 19, 2025. The company is an operator of a social networking and micro-blogging platform.

Notified / Equiniti Group: The company, a subsidiary of West Technology Group, has entered into a definitive agreement to be acquired by Equiniti Group, via its financial sponsors CFT Capital Partners, Flexstone Partners and Siris Capital Group, through a $534.5 million LBO on March 17, 2025. The company is a developer of cloud media monitoring and measurement tools intended for business organizations.

Gretel / Nvidia: The company was acquired by Nvidia for an estimated $320 million on March 19, 2025. The company is an operator of a data categorization and identification platform intended to check out an anonymized version of a data set automatically.

Audiense / Buxton: The company was acquired by Buxton, via its financial sponsor PSG, through an LBO on March 18, 2025 for an undisclosed amount. The company is an operator of an intelligence platform intended to drive audience and marketing strategies by leveraging social data.

Blu Digital Group / Transperfect: The company was acquired by Transperfect for an undisclosed amount on March 19, 2025. The company is a developer of a media platform designed to handle all operational media aspects including ingestion and delivery of content, image and metadata files.

Echelon Coach / Echelon Fitness: The company was acquired by Echelon Fitness, via its financial sponsors Schechter Private Capital, Goldman Sachs Growth Equity, Eaglehead Capital and UTA Ventures, through an LBO on March 17, 2025 for an undisclosed amount. The company is a developer of a virtual fitness studio with instructors who lead live and on-demand fitness classes.

Goat.ai / Newry Global Media: The company was acquired by Newry Global Media for an undisclosed amount on March 18, 2025. The company is a developer of LLMs to address challenges in large language models, such as hallucinations, mode collapse, and context length limitations.

Grid4C / Bidgely: The company was acquired by Bidgely for an undisclosed amount on March 18, 2025. The company is a developer of an AI-based machine learning platform designed to analyze data from smart meters and internet-connected devices.

Klippa / SER Group: The company has entered into a definitive agreement to be acquired by SER Group, via its financial sponsor TA Associates Management, through an LBO on March 18, 2025 for an undisclosed amount. The company is a developer of a document processing platform designed to simplify and automate administrative processes.

Magellium / Multiple Investors: The company was acquired by Weinberg Capital Partners, IDIA Capital Investissement and Bpifrance and its management, through an LBO on March 19, 2025 for an undisclosed amount. The company is a developer of geoinformation and image processing software for space observation, image data and processing, and geographic information systems markets.

Mobalytics / ESL FaceIt Group: The company was acquired by ESL FaceIt Group, a subsidiary of Savvy Games Group, for an undisclosed amount on March 17, 2025. The company is an operator of a personal gaming assistant intended for competitive gamers to analyze and improve performance.

nnamu / Beroe: The company was acquired by Beroe, via its undisclosed financial sponsors, through an LBO on March 17, 2025. The company is a developer of an artificial intelligence-driven negotiation platform intended for procurement optimization purposes.

P4 One / Perforce Software: The company, a subsidiary of NEP Group, was acquired by Perforce Software, via its financial sponsors Francisco Partners, Antares Capital and Clearlake Capital Group, through an LBO on March 18, 2025 for an undisclosed amount. The company is a developer of an intuitive version control software designed for creatives and designers.

Pier 21 Films / Blink49 Studios: The company was acquired by Blink49 Studios for an undisclosed amount on March 17, 2025. The company is an operator of a Canadian television production company.

theSkimm / Everyday Health: The company was acquired by Everyday Health, a subsidiary of Ziff Davis Publishing Holdings, for an undisclosed amount on March 19, 2025. The company is an operator of a digital media and newsletter company focused on providing a digest summary of world affairs.

VICE CRM / Springbig Holdings: The company reached a definitive agreement to be acquired by Springbig Holdings for an undisclosed amount on March 17, 2025. The company is a developer of an artificial intelligence-enabled performance marketing platform designed for regulated industries.

Video Game Insights / Sensor Tower: The company was acquired by Sensor Tower, via its financial sponsors Riverwood Capital and Paramark Ventures, through an LBO on March 18, 2025 for an undisclosed amount. The company is a developer of a market research and data company specializing in game performance data and user trends from Steam.

Source: Pitchbook Data, Inc.