Strategy | Financing Transactions
Private Placement / Financing Transactions

Celestial AI: The company raised $175 million of Series C venture funding in a deal led by US Innovative Technology Fund on March 27, 2024, putting the company’s pre-money valuation at $1 billion. M Ventures, Samsung Catalyst Fund, AMD Ventures, Tyche Partners, Xora Innovation, IAG Capital Partners, Engine Ventures, Koch Disruptive Technologies, Temasek Holdings, SMART Global Holdings and Porsche Automobil Holding also participated in the round. The company is a developer of a data center and AI computing platform intended to serve deep learning and machine learning applications.

Observe: The company raised $115 million of Series B venture funding in a deal led by Sutter Hill Ventures on March 27, 2024. Capital One Ventures, Snowflake Ventures, Madrona Venture Group and other undisclosed investors also participated in the round. The company is a developer of an enterprise SaaS platform for business data analysis.

Hume: The company raised $50 million of Series B venture funding in a deal led by EQT Ventures on March 25, 2024. Northwell Holdings, Comcast Ventures, LG Technology Ventures, Metaplanet Holdings, Union Square Ventures, Nat Friedman and Daniel Gross also participated in the round. The company is a developer of an AI powered communication toolkit designed to understand and mimic human emotion from digital media.

Viam: The company raised $45 million of Series B venture funding from Union Square Ventures, Battery Ventures and other undisclosed investors on March 26, 2024. The company is an operator of an open-source platform intended to simplify the building, monitoring, and data management of smart machines.

Robovision: The company raised $42 million of Series A venture funding in a deal led by Target Global and Astanor Ventures on March 28, 2024. Red River West and other undisclosed investors also participated in the round. The company is a developer of an AI powered central platform designed to manage vision intelligence inside smart machines.

Parallel: The company raised $35 million of venture funding from Base, Amber Financial, and Collab+Currency on March 28, 2024. Solana Ventures, Distributed Global, The Operating Group, Anatoly Yakavenko, Rajiv Gokal, Gabby Dizon, Luca Netz, VanEck, Spartan Investment Group, and other undisclosed investors also participated in the round. The company is a developer of a sci-fi card game platform designed to allow users to diversify their cryptocurrency with play-and-earn features.

Vizcom: The company raised $20 million of Series A venture funding in a deal led by Index Ventures on March 28, 2024. Kyle Parrish, Ayush Sood, Steve Mallouf, Daniel Sturman and other undisclosed investors also participated in the round. The company is a developer of AI creative tools for artists and designers.

Gather AI: The company raised $17 million of Series A1 venture funding in a deal led by Bain Capital Ventures on March 27, 2024. Dundee Venture Capital, Bling Capital, Tribeca Venture Partners, Expa, and other undisclosed investors also participated in the round. The company is a developer of a software-only autonomous inventory management platform designed for modern warehouses.

AdmiralThe company raised $13.1 million of Series A venture funding in a deal led by Harbert Growth Partners on March 26, 2024, putting the company’s pre-money valuation at $32.5 million. The company is an operator of a visitor relationship management platform for media publishers.

Hive: The company raised $13 million of Series A venture funding in a deal led by SC Ventures on March 27, 2024. OneRagtime and other undisclosed investors also participated in the round. The company is a developer of a cloud computing platform for enterprise and consumer data manaement.

MyPrize: The company raised $13 million of venture funding in a deal led by Dragonfly and Boxcar Partners on March 26, 2024, putting the company’s pre-money valuation at $127 million. The Kadoorie Family, 640 Oxford, A16zScoutFund, Mechanism Capital, Arrington Capital, Breed VC, TWO PUNKS CAPITAL LLC, Luca Netz, Peter Smith, Jeff Feng, Spencer Noon, Stephen Rosenthal, Jason Leung, Tian Zeng, Joshua Kaufman, Shiliang Tang, David Choi, Joshua Lim, JST Digital and other undisclosed investors also participated in the round. The company is a developer of an online crypto casino multiplayer gaming platform.

MyShell: The company raised $11 million of venture funding in a deal led by Dragonfly on March 27, 2024. OKX Ventures, Bankless Ventures, Maven 11, Nomad Capital.VC, Delphi Ventures, Foresight Ventures, Nascent, Incubate Fund US, Signum Capital, Animoca Ventures, GSR, Balaji Srinivasan, Illia Polosukhin, Santiago Roel Santos, Casey Caruso and other undisclosed investors also participated in the round. The company is a developer of a decentralized and integrated platform for discovering and creating AI-native apps

Sophon: The company raised $10 million of venture funding in a deal led by Paper Ventures and Maven 11 on March 29, 2024. Casa-Dea Finance, SevenX Ventures, OKX Ventures, and Huobi Ventures also participated in the round. The company is a developer of a gaming and AI blockchain based platform.

PrizePicks: The company raised $8.7 million of venture funding from undisclosed investors on March 26, 2024. The company is an operator of a sports betting platform.

BlockGames: The company raised $6 million of venture funding in a deal led by Cypher Capital, Newman Capital, 32-Bit Ventures, and Sfermion on March 26, 2024. Estoty, Aquanow, Founder Heads, Aptos, Cumberland, SIG, Mapleblock, 432 VC, Based VC, Presto Labs, Maven Capital, Jiho Axie, Sebastien Borget, Luke Wagman, Brett Beller, Joe Mahon, Alan Rutledge, Dingaling, Brian Evans, Alex Becker, Devmons GG, and other undisclosed investors also participated in the round. The company is an operator of a web3 games publishing agency.

Cyvl.ai: The company raised $6 million of Series A venture funding in a deal led by Companyon Ventures on March 27, 2024, putting the company’s pre-money valuation at $14 million. RiverPark Ventures, MassVentures, Aero X Ventures, Argon Ventures, Alumni Ventures, Launch Capital (India), and other undisclosed investors also participated in the round. The company offers AI, LiDAR, and 3D mapping solutions for physical infrastructure assets.

Propel Data Cloud: The company raised $5.5 million of venture funding in a deal led by Matrix Partners on March 26, 2024. John Wolthuis, Ott Kaukver, Andy Konwinski, Evan Weaver, Manu Sharma and Marc Boroditsky also participated in the round. The company is a developer of a customer-facing technology analytics platform for providing embedded analytics reporting within an application.

Sanctuary AI: The company raised an undisclosed amount of venture funding from Accenture Ventures on March 27, 2024. The company is a developer of humanoid general purpose robots designed to help address increasing labor challenges.

Everyrealm: The company raised an undisclosed amount of venture funding from Coinbase Ventures, Neon and Liberty City Ventures on March 28, 2024. Andreessen Horowitz, Griffin Gaming Partners, Lightspeed Venture Partners, NGC Ventures, Pillar VC, Hashed, Inception Capital, Dragonfly, Galaxy Interactive, Sfermion, Animoca Ventures, Foresight Ventures, IOSG Ventures and Brevan Howard Asset Management also participated in the round. The company is an operator of a technology and infrastructure business developing and investing in the virtual world and social video gaming with NFTs, digital real estate, and web3 gaming.


M&A Transactions

Gearbox Software / 2K: The company, a subsidiary of Embracer Group reached a definitive agreement to be acquired by 2K (California), a subsidiary of Take-Two Interactive Software, for $460 million on March 27, 2024. The company is a provider of transmedia entertainment development and distribution services based in Frisco, Texas.

Trump Media & Technology Group / Digital World Acquisition: The company acquired Digital World Acquisition through a reverse merger, resulting in the combined entity trading on the Nasdaq Stock Exchange under the ticker symbol DJT and DJTWW March 25, 2024. Trump Media & Technology Group Corp is a social media based media and technology company.Zapata AI / Andretti Acquisition: The company acquired Andretti Acquisition through a reverse merger, resulting in the combined entity trading on the New York Stock Exchange under the ticker symbol ZPTA on March 28, 2024. Zapata Computing Holdings Inc specializes in industrial generative AI  and opitimization software applications and accompanying services.

Affinity / Canva: The company was acquired by Canva for an undisclosed amount on March 25, 2024. The company is a developer of creative graphic design and layout software suites.

Bend.ai / Conversion Logix: The company was acquired by Conversion Logix for an undisclosed amount on March 27, 2024. The company is a provider of predictive and generative AI/ML market research services.

Communion Presents / Communion One: The company was merged with FKP Scorpio UK to form Communion One for an undisclosed amount on March 25, 2024. The company is an operator of an independent concert promoter based in London, United Kingdom.

DataCapable / Individual Investor: The company reached a definitive agreement to be acquired by Mr. Bill Potter for an undisclosed amount on March 27, 2024. The company is a developer of a software platform that detects and monitors threats in real-time allowing businesses, organizations and government to prepare and respond fast and more effectively.

Delphix / Perforce Software: The company was acquired by Perforce Software, via its financial sponsors Francisco Partners, Clearlake Capital Group and Antares Capital, through an LBO on March 25, 2024 for an undisclosed amount. The company is a developer of test data management software for accelerating enterprise cloud migrations, custom development, and enterprise resource planning (ERP) rollouts.

PinSeeker / Revelyst: The company was acquired by Revelyst for an undisclosed amount on March 25, 2024. The company is a developer of a virtual golf network and entertainment platform.

Relic Entertainment / Emona Capital: The company, a subsidiary of Sega Sammy Holdings, was acquired by Emona Capital through an LBO on March 28, 2024 for an undisclosed amount. The company is a developer of gaming software based in Vancouver, Canada.

Revolt TV / Unknown Investor: The company reached a definitive agreement to be acquired for an undisclosed amount on March 26, 2024. The company is an operator of a media broadcasting platform designed to engage millennials and gen Z audiences.

Sounder / Triton Digital: The company was acquired by Triton Digital, a subsidiary of iHeartMedia, for an undisclosed amount on March 26, 2024. The company is a developer of an end-to-end audio management and monetization platform designed to help develop audio content.


Source: Pitchbook Data, Inc.

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