| Private Placement / Financing Transactions
Vercel: The company raised $250 million of Series E venture funding in a deal led by Accel on May 16, 2024, putting the company’s pre-money valuation at $3 billion. GV, TrueBridge Capital Partners, Goanna Capital, CRV, Bedrock Capital, Geodesic Capital, 8VC, Tiger Global Management, Notable Capital, SV Angel, Angels of Many and Ground Control Ventures also participated in the round. The company is a developer of a cloud-based workflow platform intended to optimize the development and deployment experience for frontend teams.
Sigma: The company raised $200 million of Series D venture funding in a deal led by Avenir Growth Capital and Spark Capital on May 16, 2024, putting the company’s pre-money valuation at $1.62 billion. Snowflake Ventures, NewView Capital, Sutter Hill Ventures, Altimeter Capital Management, D1 Capital Partners, and XN also participated in the round. The company is a developer of a cloud data warehouse analytics software designed to analyze complex databases.
PolyAI: The company raised $50 million of venture funding from Point72 Ventures, Khosla Ventures and Hedosophia on May 16, 2024, putting the company’s pre-money valuation at an estimated $450 million. nVentures and other undisclosed investors also participated in the round. Georgian, Sands Capital and Passion Capital has also invested in the round. The company is a developer of a conversational AI-based customer service platform designed to facilitate human-machine voice interaction.
Voxel51: The company raised $30 million of Series B venture funding in a deal led by Bessemer Venture Partners on May 16, 2024, putting the company’s pre-money valuation at $85 million. Tru Arrow Partners, Shasta Ventures, Drive Capital, Top Harvest Capital, iD Ventures America and other undisclosed investors also participated in the round. The company is a developer of an AI software platform that enables machine learning and computer vision scientists to rapidly curate and experiment with their datasets in order to build higher performing machine learning systems.
Codesphere: The company raised EUR 16.5 million of venture funding in a deal led by Creandum on May 17, 2024. LEA Partners, 42CAP, Begin Capital, and 468 Capital also participated in the round. The company is a developer of a cloud based workflow software for developers.
Pear Commerce: The company raised $14 million in Series A venture funding from Mairs & Power Venture Capital and other undisclosed investors on May 14, 2024, putting the company’s pre-money valuation at $23.6 million. The company is an operator of an online marketing platform intended to connect consumer packaged goods companies to retailers.
Gamma: The company raised $12 million of Series A venture funding from Accel, South Park Commons and Script Capital (United States) on May 16, 2024, putting the company’s pre-money valuation at $100 million. Lorimer Ventures and Susa Fellows Fund also participated in the round. The company is a developer of an AI-based presentation tool intended for enterprise collaboration.
Steel City Interactive: The company raised GBP 8 million of venture funding in a deal led by Novator Partners on May 13, 2024, putting the company’s pre-money valuation at GBP 34.4 million. London Venture Partners and other undisclosed investors also participated in the round. The company is a video game development studio.
Recall: The company raised $10 million of Series A venture funding in a deal led by Ridge Ventures on May 16, 2024. Bungalow Capital, Industry Ventures, Irregular Expressions, Hack VC and Y Combinator also participated in the round. The company is a developer of a cloud-based enterprise video conferencing software designed to take notes during video calls.
Bookelicious: The company raised an undisclosed amount of venture funding from Gulf South Angels on May 14, 2024. The company is an operator of an online reading platform intended to help kids choose books by age, interest, and reading level.
Figma: The company raised an undisclosed amount of venture funding from Franklin Venture Partners, Sequoia Capital and Andreessen Horowitz on May 17, 2024, putting the company’s post-money valuation at $12.5 billion. Fidelity Investments also participated in the round. The company is a developer of a browser-based design tool intended to help teams brainstorm, design and build products together.
Metaplane: The company raised an undisclosed amount of venture funding from Snowflake Ventures on May 15, 2024. The company is a developer of a machine learning based data observability platform designed to assist data scientists.
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