Technology Private Placement and M&A Transactions Review Week Ending October 15, 2023

Acceldata: The company raised $60 million of Series C venture funding in a deal led by March Capital on October 10, 2023, putting the company’s pre-money valuation at $300 million. Prosperity7 Ventures, Insight Partners, Industry Ventures, Sanabil Investments and other undisclosed investors also participated in the round. The company is a developer of a data and analytics platform designed for data operations.

Formant: The company raised $21 million through a combination of debt, Series A1 and Series A2 venture funding in a deal led by BMW i Ventures on October 11, 2023, putting the company’s pre-money valuation at $60 million. Ericsson and 9 other investors also participated in the round. The company is a devloper of a data platform designed to offer monitoring and operations infrastructure for robotics companies.

Modal Labs: The company raised an estimated $18 million of Series A venture funding in a deal led by Amplify Partners and Redpoint Ventures on October 10, 2023, putting the company’s pre-money valuation at $138 million. Eastlink Capital, Lux Capital, Definition, Gaingels, Jordan Tigani, Benn Stancil, Jeff Hammerbacher, Ry Walker, Tejas Manohar, Karim Atiyeh, Leigh Marie Braswell, Barr Moses, Allison Pickens, Firestreak Ventures, and Howard University also participated in the round. The company is a developer of machine learning software designed to run code in the cloud.

NEURA Robotics: The company raised EUR 15 million of venture funding led by InterAlpen Partners on October 10, 2023. The company is a manufacturer of robotic assistants intended to enhance the cognitive abilities of robots.

Vention: The company raised $15 million of venture funding from Fonds de solidarité FTQ on October 10, 2023. The company is a developer of a cloud-based digital manufacturing platform designed for industrial automation.

SuperOps.ai: The company raised $12.4 million in Series B venture funding in a deal led by Addition and March Capital on October 10, 2023, putting the company’s pre-money valuation at $65.6 million. Matrix Partners India also participated in the round. The company is a developer of an automation platform designed to simplify workflow operations.

Arctop: The company raised $10 million of Series A venture funding in a deal led by Supermoon Capital and Fifth Growth Fund on October 10, 2023. The company is a developer of a neural operating system that applies artificial intelligence to electric measurements of brain activity to translate people’s feelings, reactions, and intent into actionable signals.

Lakera: The company raised $10 million of venture funding in a deal led by Redalpine Venture Partners on October 12, 2023. Fly Ventures and Inovia Capital also participated in the round. The company is a developer of an artificial intelligence software that protects GenAI applications from prompt injections, data loss, harmful content, and other LLM risks.

Xano: The company raised $10 million of Series A venture funding in a deal led by MHS Capital on October 11, 2023. Engineering Capital and other undisclosed investors also participated in the round. The company is a developer of a no-code backend development platform for web, mobile, or IoT applications.

Losant: The company raised $10 million of venture funding from JobsOhio Growth Capital and other undisclosed investors on October 11, 2023. The company is an operator of an enterprise IoT application designed to help teams build connection solutions through data collection and aggregation.

SimpleBet: The company raised $9.5 million of venture funding in the form of convertible debt from undisclosed investors on October 13, 2023. The company leverages AI to develop an entirely automatic and algorithmic sports betting market.

Ripcord: The company is in the process of raising venture funding of $35 million out of which $20 million was raised on October 14, 2023. The company is a developer of a robotic digitization platform designed for paperless records management.

Activision Blizzard / Microsoft: The company was acquired by Microsoft for $68.7 billion on October 13, 2023. Activision Blizzard is a leading developer, publisher, and distributor of interactive entertainment for various gaming consoles, handheld platforms, and the PC.

Affable.AI / BazaarVoice: The company was acquired by Bazaarvoice, via its financial sponsors Thomas H. Lee Partners and Marlin Equity Partners, through an LBO on October 10, 2023 for an undisclosed amount. The company is a developer of an advertisement media platform designed to assist brands to discover and engage with relevant micro-influencers.

Instapage / airSlate: The company was acquired by airSlate for an undisclosed amount on October 11, 2023. The company is a developer of a landing page platform designed to help advertisers and marketers create, personalize, and optimize landing pages at scale.

Lightstream / Xsolla: The company was acquired by Xsolla for an undisclosed amount on October 11, 2023. The company is a developer of live streaming creative tools and technology designed for content creators.

Nod.AI / Advanced Micro Devices: The company reached a definitive agreement to be acquired by Advanced Micro Devices for an undisclosed amount on October 10, 2023. The company is a developer of machine learning software designed to enable customers to build automation in data processes.

Tamoco / Passby Technologies: The company was acquired by Passby Technologies for an undisclosed amount on October 10, 2023. The company is a data-privacy-aware geospatial company that uses near-field communication, WiFi, and Bluetooth to provide location-based marketing and advertising campaign services.

Vibe Avenue / PTW: The company was acquired by PTW for $1.46 million on October 11, 2023. The company is a producer of music and sound design for game development companies.

Wanted! Sound + Picture / difuze: The company was acquired by difuze for an undisclosed amount on October 12, 2023. The company offers audio development and production services for customized digital media.