Technology Private Placement and M&A Transactions Review Week Ending September 1, 2024

Codeium: The company raised $150 million of Series C venture funding in a deal led by General Catalyst on August 29, 2024, putting the company’s pre-money valuation at $1.1 billion. Greenoaks Capital Partners and Kleiner Perkins also participated in the round. The company is a developer of a deep learning acceleration platform designed to simplify and accelerate complex artificial intelligence workloads.

Parry Labs: The company received $80 million of development capital from Capitol Meridian Partners, 3Wire Partners, Teamworthy Group and True Ventures on August 28, 2024. The company is a provider of technology services intended to design and deploy advanced defense system solutions.

OpusClip: The company raised $30 million of venture funding in a deal led by Millennium Technology Value Partners on August 29, 2024. DCM Ventures, Samsung NEXT Ventures and GTMFund also participated in the round. The company is a developer of a video repurposing platform designed to increase social media reach.

Series Entertainment: The company raised $28 million of Series A venture funding from undisclosed investors on August 27, 2024, putting the company’s pre-money valuation at $162 million. The company is a developer of artificial intelligence-based software designed to create video games.

Supio: The company raised $25 million in Series A  venture funding in a deal led by Sapphire Ventures on August 27, 2024, putting the company’s pre-money valuation at $57.3 million. Pack Ventures, SeaChange Fund, Foothill Ventures, Fortson VC, Bonfire Ventures and other undisclosed investors also participated in the round. The company is a developer of computer software intended to offer automation for legal services.

Viggle: The company raised $19 million of Series A venture funding in a deal led by Andreessen Horowitz on August 26, 2024. Two Small Fish Ventures also participated in the round. The company is a developer of an AI-powered video creation platform.

Pylon: The company raised $16.1 million of Series A1 venture funding in a deal led by Andreessen Horowitz on August 28, 2024, putting the company’s pre-money valuation at $70 million. General Catalyst, Y Combinator and other undisclosed investors also participated in the round. The company is a developer of a customer operations and workflow automation platform.

Bland AI: The company raised $16 million of Series A venture funding in a deal led by Scale Venture Partners on August 28, 2024. ElevenLabs, Y Combinator, Max Levchin, Jeff Lawson and other undisclosed investors also participated in the round. The company is a developer of a lifelike AI agent platform for telecommunication systems.

DNVR: The company raised $15.7 million in Series A venture funding from Mosaic General Partnership, Bullpen Capital, and other undisclosed investors on October 20, 2023. The company is an operator of a digital sports network.

Rollstack: The company raised $12.9 million of venture funding from undisclosed investors on August 28, 2024. The company is a developer of a data visualization platform designed to automate presentations and documents.

Rows: The company raised EUR 9.4 million of venture funding in a deal led by Indico Capital Partners on August 30, 2024. Explorer Investments, Cherry Ventures, Accel, Lakestar and Armilar Venture Partners also participated in the round. The company is a developer of an interactive spreadsheet web application.

GSTS: The company raised CAD 11 million of Series A venture funding led by Export Development Canada and Fonds de solidarité FTQ Investissements croissance II on August 28, 2024. The company is a developer of advanced global digital solutions system designed to enhance safety, security, efficiency and sustainability in the maritime environment.

Primitives: The company raised $8 million of venture funding from undisclosed investors on August 29, 2024. The company is a developer of a digital art marketplace platform.

Chromatic 3D Materials: The company raised $5.8 million of venture funding from undisclosed investors on August 29, 2024. The company is a developer of an additive manufacturing platform designed to produce 3D printed durable rubber parts using advanced elastomer materials.

Phidata: The company raised $5.4 million of venture funding from Zero Prime Ventures and Surface Ventures on August 29, 2024. The company is a developer of a large language model platform designed for building AI assistants.

Layered Reality: The company received GBP 2.6 million of development capital from Channel 4 Ventures and other undisclosed investors on August 29, 2024. The company is an operator of a digital entertainment business intended to offer experiences through a blend of live theatre and virtual reality.

iBasis: The company received an undisclosed amount of development capital from Ciclad and other investors on August 29, 2024. The company is a provider of telecommunication services.

SHWDWN: The company raised an undisclosed amount of venture funding from Mech Ventures in September 2024. The company is an operator of an entertainment platform designed to promote and monetize artists in music, performing arts and comedy.

VESSL AI: The company raised an undisclosed amount of venture funding from ubiQuoss Investment in September 2024. The company is a developer of a machine learning operations platform intended to build and deploy models faster at scale.

WNBA: The company raised venture funding from undisclosed investors on August 26, 2024. The company is an operator of a women’s basketball sports association.

Amcomri / Sphere Media: The Television Business of Amcomri Entertainment was acquired by Sphere Media for CAD 18.3 million on August 30, 2024. The company is an operator of a film and television media production company based in Royal Leamington Spa, United Kingdom.

Ghostpunch Games / Poletowin Pitcrew Holdings: Poletowin Pitcrew Holdings reached a definitive agreement to acquire the game development outsourcing business of Ghostpunch Games for $13.2 million on August 26, 2024. The company is an operator of an independent game development studio that offers services for coding gameplay mechanics, user interface functionality and gameplay optimization.

Battlefront / Slitherine: The company was acquired by Slitherine for an undisclosed amount on August 27, 2024. The company is a developer of online vidoe games.

Content Hacker / BrandWell: The company was acquired by BrandWell for an undisclosed amount on August 27, 2024. The company is a developer of an artificial intelligence based content marketing application, based in Austin, Texas.

Events.com / Concord Acquisition II: The company reached a definitive agreement to be acquired by Concord Acquisition II through a reverse merger, resulting in the combined entity trading on the New York Stock Exchange under the new ticker symbol “RSVP” as of August 27, 2024. The company’s platform offers event management solutions.

Fabric / Xytech: The company was acquired by Xytech, via its financial sponsor Banneker Partners, through an LBO on August 29, 2024 for an undisclosed amount. The company is a developer of a metadata management platform.

Hello Halo Productions / STV Group: The company was acquired by STV Group for an undisclosed amount on August 30, 2024. The company is an operator of a independent television production company.

Junglytics / Carbon6: The company was acquired by Carbon6 (Media and Information Services (B2B)) for an undisclosed amount on August 28, 2024. The company is an operator of an AI-powered business intelligence and data analytics platform.

Keyhole / Muck Rack: The company was acquired by Muck Rack for an undisclosed amount on August 31, 2024. The company is an operator of a social listening and analytics platform that provides real-time insights on social media data.

Krxt 98.5 / Cowboy Broadcasting Network: The company reached a definitive agreement to be acquired by Cowboy Broadcasting Network for an undisclosed amount on August 28, 2024. The company is an operator of a radio station based in Rockdale, Texas.

MapMyFitness / Outside: The company, a subsidiary of Under Armour, was acquired by Outside on August 30, 2024. The company provides an open fitness-tracking platform which uses built-in GPS technology and provides interactive tools to make fitness social and simple.

Mindful Media Group / NoomVibe: The company was acquired by NoomVibe for an undisclosed amount on August 28, 2024. The company is an operator of a public relations and full-service marketing agency.

Morpheus Data / Hewlett Packard Enterprise: The company was acquired by Hewlett Packard Enterprise for an undisclosed amount on August 30, 2024. The company is a developer of a cloud-based management platform for hybrid cloud infrastructure.

PrivacyCode.ai / Abaxx Technologies: The company was acquired by Abaxx Technologies for an undisclosed amount on August 30, 2024. The company is a developer of a  AI-powered business privacy platform.

Rewatch / Atlassian: The company was acquired by Atlassian for an undisclosed amount on August 29, 2024. The company is an operator of an AI-powered meeting notetaker, screen recording tool and video hub.

Robust Intelligence / Cisco Systems: The company reached a definitive agreement to be acquired by Cisco Systems for an undisclosed amount on August 26, 2024. The company is a developer of an operational risk platform which protects enterprises from AI security risks and safety vulnerabilities.

Satavia / GE Aerospace: The company was acquired by GE Aerospace for an undisclosed amount on August 31, 2024. The company is a developer of a cloud-based data analytics platform.

SimpleBet / DraftKings: The company was acquired by DraftKings for an undisclosed amount on August 29, 2024. The company is an operator of an AI-powered live-betting software intended to drive fan engagement for live sporting events.

Source: Pitchbook Data, Inc.