Technology Private Placement and M&A Transactions Review Week Ending May 25, 2025

Beyond Imagination: The company closed on $100 million of an undisclosed targeted amount of Series B venture funding from Gauntlet Ventures on May 20, 2025, putting the company’s pre-money valuation at $400 million. The company is a developer of artificial intelligence-powered robotic systems designed to perform a wide range of physical and cognitive tasks across various environments.

Gravitee: The company raised $60 million of Series C venture funding in a deal led by Sixth Street Partners on May 20, 2025. The company is a developer of an open-source management platform designed to unify management for all application programming interface styles, gateways and event brokers.

DataHub: The company raised $35 million of Series B venture funding in a deal led by Bessemer Venture Partners on May 21, 2025, putting the company’s pre-money valuation at $135 million. 8VC, Zero Prime Ventures, SineWave Ventures, In-Q-Tel and True Arrow Capital Management also participated in the round. The company is a developer of a metadata platform designed to organize and manage context for artificial intelligence and data systems.

SparkCharge: The company raised $30.5 million of Series A venture funding in a deal led by Monte’s Fam LLC on May 20, 2025. Cleveland Avenue, Collab Capital, MarcyPen Capital Partners, non sibi ventures and Elemental Impact also participated in the round. The company is a manufacturer of electric vehicle charging units.

Reveal Technology: The company raised $28.5 million of Series B venture funding from undisclosed investors on May 20, 2025, putting the company’s pre-money valuation at $191.5 million. The company is a developer of an artificial intelligence platform designed for tactical decision-making in defense and public safety.

Blues Wireless: The company raised $25 million of Series A venture funding from Sequoia Capital and other undisclosed investors on May 20, 2025, putting the company’s pre-money valuation at $73 million. The company is a developer of a system-on-module device designed for people and businesses to get access to the cellular Internet of Things.

David AI: The company raised $25 million of Series A venture funding in a deal led by Alt Capital (San Francisco) and Amplify Partners on May 22, 2025, putting the company’s pre-money valuation at $75 million. First Round Capital, BoxGroup and Y Combinator also participated in the round. The company is a developer of an artificial intelligence-powered end-to-end data platform designed for model developers and enterprises tackling challenging multimodal data needs.

Surge AI: The company raised $25 million of venture funding from undisclosed investors on May 20, 2025. The company is a developer of specialized tools and a global workforce to help companies label data for various AI applications, including natural language processing, search evaluation, and content moderation.

Vetro Fibermap: The company raised $20 million of venture funding in a deal led by Resolve Growth Partners on May 21, 2025. Maine Venture Fund and other undisclosed investors also participated in the round. The company is an operator of a fiber management platform intended to meet the needs of competitive ISPs, design engineers, and community fiber networks.

Catena Labs: The company raised $18 million of Series A venture funding in a deal led by Andreessen Horowitz on May 20, 2025, putting the company’s pre-money valuation at $64 million. Circle Ventures (Boston), Cooley, Coinbase Ventures, Breyer Capital, CoinFund, Pillar VC, CMS Holdings (New York), Balaji Srinivasan, Kevin Lin, Anita Sands, Adam Bao, Sam Palmisano, Tom Brady (Angel), Bradley Horowitz, Hamel Husain, Peter Mattoon, Stanford Engineering School, and other undisclosed investors also participated in the round. The company is a developer of an AI-driven financial platform intended to provide the financial infrastructure and services AI systems need to conduct commerce.

remberg: The company raised $16 million of Series A venture funding in a deal led by Acton Capital and Oxx on May 19, 2025. Speedinvest, Fly Ventures and Earlybird Venture Capital also participated in the round. The company is an operator of a cloud-based field service management platform intended to optimize maintenance processes for industrial machinery.

Avegant: The company raised $14.8 million in Series D venture funding from undisclosed investors on May 21, 2025, putting the company’s pre-money valuation at $186.2 million. The company is a developer of light field display technology designed for mixed-reality applications.

Players’ Lounge: The company raised $14.5 million of Series A venture funding in a deal led by Griffin Gaming Partners on May 22, 2025, putting the company’s pre-money valuation at $39.5 million. Comcast Ventures, Samsung NEXT Ventures, WndrCo, Courtside Ventures, Sharp Alpha Advisors, Evolution VC Partners, Vice Ventures, Chetrit Ventures, MaC Venture Capital, RRE Ventures, Canaan Partners, Beyond The Game Network, Goal Ventures, MacroVentures, AlleyCorp, 529 Ventures, Service Provider Capital, Draper Associates, Drake, Strauss Zelnick, Marissa Mayer, Myles Garrett, Josh Norman, Breanna Stewart, True Capital Management and Spring St. Group also participated in the round. The company is a developer of a wagering platform designed for gamers who want to monetize their skills in popular video games.

Kingstone Studios: The company entered into a definitive agreement to receive $5 million of development capital from undisclosed investors on May 25, 2025. The company is an operator of a entertainment studio producing comics, animation, and motion pictures.

VOYA Games: The company raised $5 million of venture funding in a deal led by Makers Fund and 1kx on May 21, 2025. RockawayX, Jeffrey Zirlin and Sebastien Borget also participated in the round. The company is a developer of a Web3 gaming studio that develops accessible blockchain games.

Canary: The company is in the process of raising venture funding in the form of SAFE notes on May 21, 2025. The company is a developer of a forklift AI camera system that alerts drivers when pedestrians are standing dangerously close.

Hololight: The company raised an undisclosed amount of venture funding in a deal led by Cipio Partners on May 21, 2025. EnBW New Ventures, Direttissima Growth Partners, Bayern Kapital, and Future Energy Ventures also participated in the round. The company is a developer of enterprise extended reality streaming solutions.

Starburst: The company raised an undisclosed amount of venture funding from Citigroup on May 19, 2025. The company is a developer of an analytics platform that facilitates fast and easy access to data across various databases.

io Products / OpenAI: The company was acquired by OpenAI for $6.5 billion on May 21, 2025. The company, founded by Jony Ive, is a developer of an AI-enabled smart device based in the United States.

Lumen Technologies / AT&T: AT&T reached a definitive agreement to acquire the Fiber Business in Monroe, Louisiana, of Lumen Technologies for $5.75 billion on May 21, 2025. The company is a provider of internet services based in Monroe, Louisiana.

Sigmatron International / Transom Capital Group: The company entered into a definitive agreement to be acquired by Transom Capital Group for $83 million LBO on May 21, 2025 through a public-to-private transaction. Sigmatron International Inc is an independent provider of electronic manufacturing services.

TrueLark / Weave: The company was acquired by Weave for $35 million on May 19, 2025. The company is a developer of an AI-powered scheduling and communications software for appointment-based businesses.

Curve Digital / Nazara Technologies: The company, a subsidiary of Catalis was acquired by Nazara Technologies for GBP 21.7 million on May 20, 2025. The company is a developer of video games.

Actus Digital / LiveU: The company was acquired by LiveU, via its financial sponsor The Carlyle Group, through an LBO on May 22, 2025 for an undisclosed amount. The company is a supplier of an intelligent monitoring platform for broadcast media and video technologies.

Arcus / Addepar: The company was acquired by Addepar for an undisclosed amount on May 20, 2025. The company is a developer of an AI data platform designed for building complex, data-intensive AI workflows for enterprise data and artificial intelligence applications.

Author-it / Bertelsmann Investments: The company was acquired by Bertelsmann Investments through an LBO for an undisclosed amount on May 21, 2025. The company is a developer of a cloud-based component authoring platform intended for collaborative content development and multi-channel publishing.

Avenue Six Studios / SP Media Group: The company was acquired by SP Media Group for an undisclosed amount on May 20, 2025. The company is an operator of an Los Angeles-based production facility for film, television, and commercial productions.

BidX / Worldeye Technologies: The company was acquired by Worldeye Technologies for an undisclosed amount on May 20, 2025. The company is a developer of a marketing platform designed to simplify paid online searches on advertising systems.

Captiv8 / Publicis Groupe: The company was acquired by Publicis Groupe (PAR: PUB) for an undisclosed amount on May 21, 2025. The company is a developer of an influencer marketing platform intended to help brands discover creators, manage campaigns, and drive commerce at scale.

Curious Addys / Alchemy: The company was acquired by Alchemy  for an undisclosed amount on May 23, 2025. The company is a developer of a gaming platform.

Dome Records / Cherry Red Records: The company was acquired by Cherry Red Records for an undisclosed amount on May 20, 2025. The company is an operator of a record label based in London, UK.

Excellicon / Siemens Digital Industries: The company reached a definitive agreement to be acquired by Siemens Digital Industries, a subsidiary of Siemens, for an undisclosed amount on May 19, 2025. The company is a developer of electronic design automation software for use by semiconductor professionals.

Full Circle Insights / Conquer: The company was acquired by Conquer for an undisclosed amount on May 20, 2025. The company is an operator of a marketing performance management platform.

FULLY AI / Circus Group: The company was acquired by Circus Group for an undisclosed amount on May 21, 2025. The company is a developer of artificial intelligence-integrated customer lifecycle software intended to serve businesses.

Galileo AI / Alphabet: The company was acquired by Alphabet for an undisclosed amount on May 20, 2025. The company is a developer of a UI design platform intended to create interface designs from natural languages.

GenPPT / Individual Investor: The company was acquired by Mr. Ilias Ism for an undisclosed amount on May 20, 2025. The company is a developer of an artificial intelligence based presentation generator platform based in Zurich, Switzerland.

Lucky / Spins: The company was acquired by Spins, via its financial sponsors General Atlantic, Warburg Pincus, Webster Capital, Georgian and Company Ventures, through an LBO on May 20, 2025 for an undisclosed amount. The company is a developer of an online marketing platform designed to direct consumers to an online brand’s retail inventory.

Nuclei / Proofpoint: The company was acquired by Proofpoint, via its financial sponsors Glynn Capital, Thoma Bravo and Inflection Ventures, through an LBO on May 21, 2025 for an undisclosed amount. The company is a developer of data compliance software designed for organizations to understand and leverage their data to improve business outcomes while mitigating risks.

Numbers Station / Alation: The company was acquired by Alation for an undisclosed amount on May 20, 2025. The company is a developer of an artificial intelligence-powered platform designed to automate data-intensive workflows.

RNMKRS / Baker Communications: The company was acquired by Baker Communications for an undisclosed amount on May 20, 2025. The company is a developer of AI-powered, game-based sales training simulations.

Wavve / Disctopia: The company was acquired by Disctopia for an undisclosed amount on May 19, 2025. The company is a developer of a software platform catering to podcasters, musicians, and creators.

Yola / NetNation: The company was acquired by NetNation, a subsidiary of Hostway Services, for an undisclosed amount on May 19, 2025. The company is a SaaS provider of website services focused on helping small and medium-sized businesses build and grow their online presence.