Strategy | Financing Highlight 
Private Placement / Financing Transactions

blackshark.ai: The company raised $35 million of Series A venture funding in a deal led by M12 and Point72 Ventures on November 16, 2023. Interwoven, Safran Corporate Ventures, OpAmp Capital Management, Einstein Industries Ventures, In-Q-Tel, ISAI, OurCrowd, Gaingels and Markus Wagner also participated in the round. The company is a developer of a geospatial data management platform designed to gather insights into the world through satellite imagery.

Kyndi: The company raised $30.7 million of Series B venture funding in a deal led by Intel Capital on November 13, 2023, putting the company’s pre-money valuation at $40 million. UL Ventures, 7BC Venture Capital, Orbit Venture Partners, Morgan Creek Digital Assets, Focal (VC), PivotNorth Capital, Stephan Uhrenbacher and Michael Kim also participated in the round. The company is a developer of an artificial intelligence business enterprise platform designed to amplify the productivity of knowledge workers around the world.

OfferFit: The company raised $25 million of Series B venture funding in a deal led by Menlo Ventures on November 14, 2023, putting the company’s pre-money valuation at $85 million. Capital One Ventures, Burst Capital, Canvas Ventures, Alumni Ventures, Carbide Ventures, Harmony Partners and Ridge Ventures also participated in the round. The company is a developer of a self-learning artificial intelligence-based decision engine designed to optimize A/B testing and promotions offers.

SiLC: The company raised $25 million of venture funding from Dell Technologies Capital, Sony Innovation Fund and Epson X Investment Corporation on November 15, 2023. Hankook Tire Worldwide, Rohm, Hokuyo Automatic USA Corporation, UMC Capital, Alter and Yamato Holdings also participated in the round. The company is a developer of silicon photonics designed to enable machines to see like humans.

Bezi: The company raised $13 million of Series A venture funding in a deal led by Benchmark on November 15, 2023. Designer Fund, Uncork Capital, Arash Ferdowsi, Ryan Hoover, Akshay Kothari, Suhail Doshi, Siqi Chen, Soleio Cuervo, Dantley Davis, Lenny Rachitsky and other undisclosed investors also participated in the round. The company is a developer of a three-dimensional (3D) design platform designed to allow teams to simplify the creation and orchestration of 3D assets.

Adentro: The company raised $12.7 million of venture funding from undisclosed investors on November 13, 2023. The company is a developer of a WiFi-powered marketing platform designed to help brick-and-mortar businesses create stronger connections with their in-store customers.

r4 Technologies: The company raised $11.6 million of venture funding in the form of convertible debt from undisclosed investors on November 15, 2023. The company’s platform uses artificial intelligence and machine learning to ingest and process data sources across companies to provide yield management insights.

AppMap: The company raised $10 million of venture funding from Dell Technologies Capital, Secure Octane and Venture Guides on November 14, 2023. Unusual Ventures, Work-Bench, Argon Ventures, Forgepoint Capital and Uncorrelated Ventures also participated in the round. The company’s software dynamically discovers, analyzes, and monitors architecture issues in code and provides integration of data, analysis of data flows, and identification of key functions and dependent services.

CircuitHub: The company raised $9.7 million of venture funding from undisclosed investors on November 15, 2023. The company is a developer of electronics manufacturing software designed to resolve the problems arising during rapid electronics prototyping.

Shardbound: The company raised $5 million of venture funding in a deal led by BITKRAFT Ventures on November 17, 2023. 1Up Ventures, RW3 Ventures and Sfermion also participated in the round. The company is a developer of a multiplayer online tactical card game (TCG) intended for competitive play specializing in providing a variety of features including a unique card-based combat system and deep strategic gameplay with fast-paced action.

Vu Technologies: The company raised $4.3 million of Seed Plus funding from undisclosed investors, plus an undisclosed investment from Accenture, putting the company’s pre-money valuation at $40 million. The company is an operator of an LED screen recording studio intended to create realistic backdrops that can move and change along with camera angles.

4-Eyes.ai: The company raised an undisclosed amount of venture funding from 11MeridianWest on November 17, 2023. The company is a developer of advertising technology designed to improve the performance of digital marketing.

Moonshot AI: The company raised an undisclosed amount of venture funding from Dragonball Capital, Oceans Ventures and Almaz Capital on November 13, 2023, putting the company’s post-money valuation at $800 million. The company is a developer of no-code software designed to optimize e-commerce stores automatically.


M&A Transactions

GamePlanner / Airbnb: The company was acquired by Airbnb for $200 million on November 14, 2023. The company is a developer of artificial intelligence technology based in California, United States.

Honk / Aave: The company was acquired by Aave for an undisclosed amount on November 16, 2023 . The company is a developer of a messaging application designed to facilitate an interactive chat session with friends in real-time.

Infinity CCS / Dura Software: The company was acquired by Dura Software, via its financial sponsor Peterson Partners, through an LBO on November 14, 2023 for an undisclosed amount. The company is a developer of intelligent interaction management, workflow and scripting software intended to guide frontline staff through complex, branching interactions.

Purplegrids / Mondee: The company was acquired by Mondee for an undisclosed amount on November 13, 2023. The company is an operator of an AI driven CX Automation Platform.

TRAK Data / Fusion92: The company was acquired by Fusion92, via its financial sponsor Serata Capital Partners, Landon Capital Partners, Current Yield with Participation Fund, and Bardo Capital, through an LBO on November 16, 2023 for an undisclosed amount. The company is a developer of a marketing data platform.

Diamond Studios / Lunovus: The company was acquired by Lunovus through an LBO on November 17, 2023 for an undisclosed amount. The company is a provider of multimedia and software development services intended to serve businesses and organizations in various industries.


Source: Pitchbook Data, Inc.

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