Technology Private Placement and M&A Transactions Review Week Ending May 12, 2024

Strategy | Financing Transactions
Private Placement / Financing Transactions

Privateer: The company raised $56.5 million of Series A venture funding in a deal led by Aero X Ventures on May 6, 2024, putting the company’s pre-money valuation at $112.5 million. Flintlock Capital, Danu Venture Group, Lux Capital, Starburst Ventures, Cameron Winklevoss, Tyler Winklevoss and BOKA Group Holdings also participated in the round. The company is a developer of a data infrastructure platform designed to visualize satellite and debris in space.

DatologyAI: The company raised $46 million of Series A venture funding in a deal led by Viviana Faga and Astasia Myers on May 8, 2024. M12, Amazon Alexa Fund, Amplify Partners, Radical Ventures, and Elad Gil also participated in the round. The company is a developer of data curation tools to automatically select the best data on which to train GenAI models.

Elementary: The company raised an estimated additional $18.7 million of Series B venture funding from Rockwell Automation and other undisclosed investors on May 8, 2024, putting the company’s pre-money valuation at $140 million. The company is a developer of humanoid robots designed to automate quality inspections and traceability with visual AI.

MagicSchool: The company raised $17.9 million of venture funding from undisclosed investors on May 8, 2024. The company is a developer of AI-based productivity software designed to streamline various aspects of the teaching process.

Passes: The company raised $17.6 million of venture funding from undisclosed investors on May 9, 2024. The company is a developer of a content creation platform designed to help creators scale their businesses, build relationships with fans, and increase revenue.

LottieFiles: The company raised $11 million of Series B venture funding from M12, Adobe Ventures and Webflow on May 7, 2024, putting the company’s pre-money valuation at an estimated $289 million. Automattic, Square Peg Capital and Figma Ventures also participated in the round. The company is a developer of an open-source animation workflow platform.

ReflexAI: The company raised $6.5 million of Series A venture funding from undisclosed investors on May 6, 2024, putting the company’s pre-money valuation at $29.5 million. The company is a developer of artificial intelligence tools designed to train and develop contact and support centers.
M&A Transactions

Synopsys / Clearlake Capital Group: The company has entered into a definitive agreement for the sale of its Software Integrity Group business to Clearlake Capital Group and Francisco Partners through an estimated $2.1 billion LBO on May 6, 2024. The company is a developer of semiconductor technology software based in Sunnyvale, California.

T-Mobile / T-Mobile US: T-Mobile US reached a definitive agreement to acquire the operations and wireless spectrum licenses of US Cellular for $2 billion on May 9, 2024. The company is a provider of wireless communication services based in Albuquerque, New Mexico.

AGS / Brightstar Capital Partners: The company entered into a definitive agreement to be acquired by Brightstar Capital Partners through a $1.1 billion LBO on May 9, 2024 through a public-to-private transaction. PlayAGS Inc is a designer and supplier of gaming products and services.

SeaChange International / Enghouse Systems: The company was acquired by Enghouse Systems for $23 million on May 9, 2024. SeaChange International Inc is a provider of multiscreen video solutions for television service providers, telecommunications companies, satellite operators, and media companies.

RaGE Systems / Mobix Labs: The company reached a definitive agreement to be acquired by Mobix Labs for $20 million on May 9, 2024. The company is a manufacturer of wireless solutions catering to telecommunications, commercial, industrial, defense and aerospace sectors.

Brand24 / Prowly: The company was acquired by Prowly for an estimated PLN 55 million on May 7, 2024. Brand 24 SA is a developer of a media monitoring tool based in Poland.

BKB / BYB Extreme Bare KnuckleFighting: The company was acquired by BYB Extreme Bare KnuckleFighting for an undisclosed amount on May 8, 2024. The company offers professional bare-knuckle boxing promotions and broadcasts.

Dedrone / Axon Enterprise: The company was acquired by Axon Enterprise for an undisclosed amount on May 6, 2024. The company is an operator of a counter-drone technology platform.

Onna Technologies / Reveal Data: The company was acquired by Reveal Data, via its financial sponsors Knox Capital, K1 Investment Management and Farol Asset Management, through an LBO on May 7, 2024 for an undisclosed amount. The company is a developer of a data management platform that helps companies centralize and manage unstructured data from cloud-based collaboration applications.

Orbital Insight / Privateer: The company was acquired by Privateer for an undisclosed amount on May 6, 2024. Orbital Insight is a geospatial data analytics company based in Palo Alto, California.

Sports IQ Analytics / DraftKings: The company was acquired by DraftKings for an undisclosed amount on May 9, 2024. The company uses artificial intelligence and machine learning techniques to provide software solutions for the online sports gambling industry.

Telepool / SquareOne Holding: The company, a subsidiary of WestBrook (Movies, Music and Entertainment), was acquired by SquareOne Holding, a subsidiary of Vuelta Group, for an undisclosed amount on May 8, 2024. The company distributes and markets international cinema films, feature films and series.

VoiceBite / ItsaCheckmate: The company was acquired by ItsaCheckmate for an undisclosed amount on May 8, 2024. The company is an operator and provider of Voice AI solutions intended to automate the restaurant ordering process.

Wikolo / Moon Equity Holdings: The company was acquired by Moon Equity Holdings for an undisclosed amount on May 7, 2024. The company is a developer of a college-centric application designed to help students navigate the college ecosystem all on one platform.

Source: Pitchbook Data, Inc.

Categories

Archives