Strategy | Financing Highlight 
Private Placement / Financing Transactions

Mavenir Systems: The company received $100 million of development capital from Siris Capital Group on May 2, 2023. The company is a developer of multimedia communications and information processing software intended for communication service providers and enterprises.

Datamilk: The company raised $8 million of Series A venture funding in a deal led by RTP Global on May 4, 2023. TLF Ventures, Big Bets, Angel Invest, Geraldo Thomaz, and Mariano Gomide also participated in the round. The company is a developer of an artificial intelligence tool designed for e-commerce operators.

Essential AI: The company raised $8 million of venture funding in a deal led by Thrive Capital on May 4, 2023. Conviction Partners, Aidan Gomez, Noam Shazeer, Elad Gil and other undisclosed investors also participated in the round. The company is a developer of language model-based software intended for enterprises.

Atomontage: The company raised an undisclosed amount of venture funding from J&T Ventures in May 2023. The company is a developer of volumetric graphics and simulation software designed to offer next generation computer simulation and graphics technology.

Cognitive Space: The company raised an undisclosed amount of venture funding from York IE in May 2023. The company is a developer of an artificial intelligence software-as-a-service platform designed to address the growth in the space market with autonomous asset management.

Credo AI: The company raised an undisclosed amount of venture funding from Booz Allen Ventures on May 3, 2023. The company is a developer of an artificial intelligence platform intended to develop AI with the highest ethical standards.

euNetworks: The company entered into a definitive agreement to receive an undisclosed amount of development capital from Stonepeak, Investment Management Corporation of Ontario and APG Group on May 2, 2023. The company is a provider of bandwidth infrastructure services intended for the wholesale, content, media, mobile and finance industries.

Iliad: The company raised an undisclosed amount of venture funding from Decacorn Capital in May 2023. The company is a developer of an AI generation system designed to make tools for generating concept art, 2D, and 3D game assets.

Insight7: The company raised an undisclosed amount of venture funding in a deal led by Forum Ventures on May 3, 2023. The company is a developer an AI-powered customer intelligence tool intended to help product teams get a continuous stream of insights with market intelligence.

Kara: The company raised an undisclosed amount of venture funding from Rumbo Ventures in May 2023. The company is a developer of a data infrastructure platform designed to help venture capital investors assess their environmental and social impact.

LokiBots: The company raised an undisclosed amount of venture funding from ZingHR and other undisclosed investors on May 5, 2023. The company is a developer of a robotic process automation platform designed to automate repetitive computer tasks.

Mainstay: The company raised an undisclosed amount of venture funding from K-Street Capital on May 4, 2023. The company is a developer of an AI-powered chatbot technology designed to track and monitor the learning process of an individual.

Plumerai: The company raised an undisclosed amount of venture funding from Onsight Ventures in approximately May 2023. The company is a developer of a deep learning technology designed to embed learning ability in electronic devices and robots.

Pynecone: The company raised an undisclosed amount of venture funding from Outset Capital in May 2023. The company is a developer of an open-source, full-stack python framework intended to make it easy to build and deploy web applications.

Stability.AI: The company raised an undisclosed amount of venture funding from Sound Ventures on May 1, 2023. Millennia Capital participated in the round. The company is a developer of an artificial intelligence tool intended to create images based on text input.


M&A Transactions

Wargraphs / MOBA Network: The company was acquired by MOBA Network for EUR 50 million on May 5, 2023. The company is a developer and provider of gaming services based in Paris, France.

6 River Systems / Ocado Group: The company was acquired by Ocado Group for an undisclosed amount on May 4, 2023. The company is a developer of a mobile robot and software designed to redefine fulfillment automation for e-commerce and retail operations.

Beekast / SaaS.group: The company was acquired by SaaS.group through an LBO on May 2, 2023 for an undisclosed amount. The company is a developer of a web-based platform designed to offer interaction with live presentations.

Bunch / Uniguest: The company was acquired by Uniguest, via its financial sponsors Atlantic Street Capital, Ebridge Ventures and Ocean Avenue Capital Partners, through an LBO on May 2, 2023 for an undisclosed amount. The company is a developer of an enterprise communication platform designed to collaborate high bandwidth communications.

Fakespot / Mozilla: The company was acquired by Mozilla for an undisclosed amount on May 2, 2023. The company is a developer of an online data authentication platform designed to prevent fake and misleading content from deceiving consumers.

Nytro.ai / Marketstar: The company was acquired by Marketstar, a subsidiary of Wasatch Group, for an undisclosed amount on May 2, 2023. The company is a developer of an AI-powered pitch intelligence platform designed for sales onboarding and readiness.

Okera / Databricks: The company entered into a definitive agreement to be acquired by Databricks through an LBO on May 3, 2023 for an undisclosed amount. The company is a developer of a data access platform designed to tackle the issues behind data access and governance across hybrid and multi-cloud environments.

Orgit / Kobold Management Systeme: The company was acquired by Kobold Management Systeme, via its financial sponsor BID Equity, through an LBO on May 5, 2023 for an undisclosed amount. The company is a developer of a software tool designed to help large and small architecture and engineering offices.

Push Gaming / LeoVegas Mobile Gaming Group: The company reached a definitive agreement to be acquired by LeoVegas Mobile Gaming Group, a subsidiary of MGM Resorts International, for an undisclosed amount on May 1, 2023. The company is a developer of an online casino platform designed to provide entertainment in gambling games.

Regalix / Marketstar: The company was acquired by Marketstar, a subsidiary of Wasatch Group, for an undisclosed amount on May 2, 2023. The company is a developer of a digital marketing platform operating in the hi-tech, ad-tech and retail domains.

Searchspring / Unknown Investor: The company was acquired in approximately May 2023. The company is a developer of AI-powered search software focused on automating and simplifying complex business processes.


Source: Pitchbook Data, Inc.

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