Technology Private Placement and M&A Transactions Review Week Ending September 14, 2025

Mistral AI: The company raised EUR 1.7 billion of Series C venture funding in a deal led by ASML Holding on September 9, 2025, putting the company’s pre-money valuation at EUR 10 billion. Nvidia, General Catalyst, DST Global, Lightspeed Venture Partners, Index Ventures, Andreesen Horowitz and Bpifrance also participated in the round. The company is a developer of open-source and customizable artificial intelligence models and solutions for various industries, businesses, and developers.

Databricks: The company raised $1 billion of Series K venture funding in a deal led by Andreesen Horowitz, 1789 Capital, cross Creek Advisors and Insight Partners on September 8, 2025, putting the company’s pre-money valuation at an estimated $99 billion. Thrive Capital and WCM Investment Management also participated in the round. The company is a developer of a unified, cloud-based platform for data engineering, analytics, and artificial intelligence.

PsiQuantum: The company raised $1 billion of Series E venture funding in a deal led by Baillie Gifford, Temasek Holdings and BlackRock on September 10, 2025, putting the company’s pre-money valuation at $6.2 billion. Third Point Ventures, Nvidia, Export Finance Australia, Palo Alto Growth Capital, MicroVentures, FPV Ventures, IPO CLUB, Blackbird Ventures, Bossa Invest, nVentures, Ribbit Capital, 1789 Capital, S Ventures, Type One Ventures, Counterpoint Global, T. Rowe Price Group, Macquarie Group, Adage Capital Management, Qatar Investment Authority, Bridge Ventures, Government of Queensland, and other undisclosed investors also participated in the round. The company is focused on developing and deploying utility-scale, fault-tolerant quantum computers by leveraging silicon-photonics and advanced semiconductor manufacturing.

Reflection AI: The company raised $1 billion of venture funding in a deal led by Nvidia on September 11, 2025, putting the company’s pre-money valuation at $4.5 billion. Sequoia Capital also participated in the round. The company is a developer of an autonomous coding agent platform designed to understand and manage complex software development environments.

Cognition: The company raised $400 million of Series C venture funding in a deal led by Founders Fund on September 8, 2025, putting the company’s pre-money valuation at $9.3 billion. Khosla Ventures, Lux Capital, Soma Capital, Swish Ventures, Octant Ventures, Bain Capital Ventures, Hanabi Capital Management, 8VC, Definition, Neo, Elad Gil and D1 Capital Partners also participated in the round. The company is a developer of an artificial intelligence lab focused on building autonomous AI software agents.

Perplexity AI: The company raised $200 million of venture funding from Alpha Partners & other undisclosed investors on September 11, 2025, putting the company’s pre-money valuation at $19.8 billion. The company is a developer of AI-powered information discovery tools.

Pixverse: The company raised $60 million of Series B venture funding in a deal led by Alibaba Capital Partners on September 10, 2025. Antler also participated in the round. The company is a developer of AI-powered video generation technology designed for creative content production.

Scintil Photonics: The company raised $58 million of Series B venture funding in a deal led by Yotta Capital Partners and NGP Capital on September 9, 2025. Bosch Ventures, Applied Ventures, Nvidia, BNP Paribas Développement, Supernova Invest, Innovacom and Banque Publique d’Investissement also participated in the round. The company is a developer of a proprietary silicon photonics platform designed to enhance integration of advanced optical components for high-speed data communication.

MarqVision: The company raised $48 million of Series B venture funding in a deal led by Peak XV Partners on September 9, 2025, putting the company’s pre-money valuation at $271 million. Salesforce Ventures, Hongshan Capital Group, Coral Capital, and Michael Seibel also participated in the round. The company is a developer of an AI-based technology designed to help global brands remove counterfeits from online marketplaces.

Brain Co: The company raised $30 million of Series A venture funding in a deal led by Gil Capital., Affinity Partners(Miami) and Elad Gil on September 10, 2025. Ali Ghodsi, Andrej Karpathy, Andrew Liveris, Aravind Srinivas, Brian Armstrong, Fidji Simo, Kevin Weil, Nadeem Meghji, Naval Ravikant, Nikesh Arora, Noam Brown, Patrick Collison, Reid Hoffman, Sarah Guo, Vipul Ved Prakash, Mark Weinberger and other undisclosed investors also participated in the round. The company is a developer of AI applications and software tools intended for solving operational challenges in large institutions.

Fyxer AI: The company raised $30 million of Series B venture funding from Madrona Venture Group, 20VC, Marc Benioff and Lakestar Capital on September 9, 2025. The company is a developer of a business operations platform designed to improve productivity through email application integration.

Atolio: The company raised $24 million of Series A venture funding in a deal led by TransLink Capital on September 8, 2025, putting the company’s pre-money valuation at $28 million. IBM Ventures, Bloomberg Beta, Acorn Pacific Ventures, and Parameter Ventures also participated in the round. The company is a developer of an AI-powered enterprise search engine designed to allow large companies to securely search across siloed cloud information systems.

Clockwork Systems: The company raised $20.6 million of venture funding in a deal led by New Enterprise Associates on September 10, 2025. Lip-Bu Tan, John Chambers and Carl Ledbetter also participated in the round. The company is a developer of cloud management synchronization technology designed for time-sensitive applications.

Paladin Drones: The company raised $17 million of venture funding from undisclosed investors on September 9, 2025. The company develops technology to autonomously deploy drones in response to emergency calls.

Born: The company raised $15 million of venture funding from Tencent Holdings, Laton Ventures and Accel on September 10, 2025. The company is a developer of AI companion characters designed to provide social interaction and emotional connection.

Clyx: The company raised $14 million of Series A venture funding from Blitzscaling Ventures, Iqram Magdon-Ismail and Nico Rosberg on September 10, 2025. The company is a developer of a social platform that uses AI to discover and recommend local, recurring events.

Respeecher: The company raised $14 million of Series A venture funding from NAVIVO Capital, Hartmann Capital and other undisclosed investors on September 10, 2025. The company is an operator of a voice marketplace and real-time voice cloning platform intended to produce synthetic speech.

Cassidy: The company raised $10 million of Series A venture funding in a deal led by HOF Capital on September 8, 2025, putting the company’s pre-money valuation at $40 million. The General Partnership, Alumni Ventures, Neo, and other undisclosed investors also participated in the round. The company is a developer of an artificial intelligence platform designed to create customized assistants to streamline tasks.

Meet5: The company raised EUR 8 million of Series A venture funding in a deal led by Peak on September 10, 2025. The company is a developer of a social media application that facilitates real-life, in-person group activities for adults.

Freckle: The company raised $6.1 million of venture funding in a deal led by Gradient Ventures and 1984 Ventures on September 8, 2025. Liquid 2 Ventures, CoVentures and Mintaka Ventures also participated in the round. The company is a developer of an AI-driven software designed to help modern Go-To-Market teams run agents for enrichment, research, and clean-up tasks on company data.

Cycle Labs: The company raised $5 million of Series C venture funding from Cofounders Capital, Triangle Tweener Fund and Hatcher+ on September 8, 2025, putting the company’s pre-money valuation at $9.5 million. Album VC and Collective Capital Ventures also participated in the round. The company is a developer of a workflow automation platform designed to modernize enterprise system deployments.

Rides2U: The company raised an undisclosed amount of venture funding from Beckett Industries on September 9, 2025. The company is a developer of an online ride-hailing platform designed to connect riders with drivers.

Vimeo / Bending Spoons: The company entered into a definitive agreement to be acquired by Bending Spoons, via its financial sponsors Baillie Gifford, NUO Capital, Renaissance Partners, Tamburi Investment Partners, View Different, Socium Ventures, Nimble Partners, Rapid Pioneers, Highland Europe, Kearny Jackson, Mega Holding, Adjacent, Annox Capital, Creator Partners, Eagle Capital Ventures, Endeavor Catalyst, H14, Durable Capital Partners, Cherry Bay Capital Group, Neuberger Berman, OTB Group and Wellness Holding, through a $1.30 billion public-to-private LBO on September 10, 2025. Vimeo Inc is a cloud-based SaaS company that provides a comprehensive video experience platform and tools for businesses and creators to create, manage, host, market, and monetize videos.

Cognigy / NICE: The company was acquired by NICE for $955 million on September 8, 2025. The company is a developer of a conversational AI platform designed to automate customer and employee communications.

Proficy / TPG: The Proficy business division of GE Vernova has entered into a definitive agreement to be acquired by TPG through a $600 million LBO on September 11, 2025. The company is a developer of artificial intelligence-based software catering to the needs of the global energy sector.

VideoVerse / Minute Media: The company was acquired by Minute Media for $283 million on September 8, 2025. The company is a developer of an AI-powered platform for automated video editing and content creation.

Interactions / SoundHound AI: The company was acquired by SoundHound AI for an estimated $60 million on September 9, 2025. The company is a developer of intelligent virtual assistant technologies designed to help businesses handle customer interactions.

Lion Forge Entertainment / HarbourView Equity Partners: The company was acquired by Polarity, The Steward Family and HarbourView Equity Partners for $30 million on September 9, 2025. The company is a provider of a full-service animation and media studio that develops, produces, and distributes inclusive, franchise-ready content across film, television, publishing, and consumer channels.

Amaro Analytics / OpenEvidence: The company was acquired by OpenEvidence for an undisclosed amount on September 10, 2025. The company is a developer of an AI-powered content creation platform designed to help creative teams rapidly generate visuals.

Angel Studios / Southport Acquisition: The company acquired Southport Acquisition through a reverse merger, resulting in the combined entity trading on the NYSE Exchange under the ticker symbol ANGX on September 10, 2025. Angel Studios Inc is an entertainment company known for crowd-funded films and television projects.

Autodarts / Nodor Darts: The company was acquired by Nodor Darts, via its financial sponsor Inflexion Private Equity Partners, through an LBO on September 8, 2025 for an undisclosed amount. The company is a developer of a software platform and Vision Kit for steel-tip dartboards, enabling automatic scoring through camera-based technology.

Brut. / CMA CGM: The company was acquired by CMA CGM, via its financial sponsor Bpifrance, through an LBO on September 12, 2025 for an undisclosed amount. The company is an operator of an online media publishing company intended to provide news through social streams.

Edit Cloud / Cree8: The company was acquired by Cree8 for an undisclosed amount on September 9, 2025. The company is a cloud-native platform for media production that provides virtual workstations, integrated editing tools, and a talent marketplace to facilitate remote collaboration for creative teams.

Espressive / Insight Partners: The company was acquired by Resolve Systems, via its financial sponsor Insight Partners (New York), through an LBO on September 10, 2025 for an undisclosed amount. The company is a developer of an artificial intelligence-driven enterprise service management platform that uses its Barista platform to automate the resolution of employee questions, issues, and requests.

Film Impact / Adobe: The company was acquired by Adobe for an undisclosed amount on September 9, 2025. The company is a creator of video plugins and transitions for Adobe Premiere Pro, designed to assist filmmakers and content creators in enhancing their video editing projects.

InPlay / Trackonomy: The company was acquired by Trackonomy for an undisclosed amount on September 9, 2025. The company is a developer of a fabless semiconductor business specializing in low-power, low-latency, and scalable wireless communication technologies for the Virtual Reality and Augmented Reality markets.

KLaunch / Ai Software: The company was acquired by Ai Software for an undisclosed amount on September 12, 2025. The company is a provider of a global cloud conversational AI platform.

Nowadays / Auspicious Group: The company was acquired by Auspicious Group for an undisclosed amount on September 8, 2025. The company is a provider of creative video content production services intended to deliver films and branded content for businesses, charities, and organizations.

Observo AI / SentinelOne: The company reached a definitive agreement to be acquired by SentinelOne for an undisclosed amount on September 8, 2025. The company is a developer of an artificial intelligence-driven observability pipeline designed to optimize telemetry data for security and DevOps teams.

Omnirev / Dlivrd: The company was acquired by Dlivrd for an undisclosed amount on September 9, 2025. The company is a developer of an AI-powered catering platform designed to help restaurants grow corporate catering sales.

Rapid Robotics / RobCo: The company was acquired by RobCo for an undisclosed amount on September 9, 2025. The company is a developer of industrial automation software and hardware designed to deploy robotic arms in factory environments.

ReadySet VR / One Door: The company was acquired by One Door for an undisclosed amount on September 9, 2025. The company is a developer of a virtual reality platform for product manufacturers, retailers, and researchers to design, test, and implement retail environments and shopper experiences.

Realwave / ePlus: The company was acquired by ePlus for an undisclosed amount on September 10, 2025. The company is a developer of an intelligent video surveillance cloud software designed for processing surveillance video and associated real-time data.

SingleStore / Vector Capital: The company entered into a definitive agreement to be acquired by Vector Capital through an LBO on September 10, 2025 for an undisclosed amount. The company is a developer of a real-time data infrastructure platform designed for analytical and transactional processing.

SMARTSEER / Giata: The company was acquired by Giata, via its financial sponsor Odewald KMU, through an LBO on September 09, 2025 for an undisclosed amount. The company is a developer of an AI decisioning and personalization platform that provides businesses with AI-driven tools to create more relevant, personalized customer experiences.

Streamr.ai / Magnite: The company was acquired by Magnite for an undisclosed amount on September 9, 2025. The company is a developer of AI software which specializes in generating video ads and automating the process of launching them on streaming TV services.

Twin Robotics / Axiome: The AppRob Software and Other Business Assets of Twin Robotics was acquired by Axiome for an undisclosed amount on September 8, 2025. The company is a provider of robotics software programming services based in Grenoble, France.

Unified Streaming / Software Combined: The company was acquired by Software Combined, via its financial sponsor Navis Capital Partners, through an LBO on September 11, 2025 for an undisclosed amount. The company is a developer of streaming software technologies designed to enable dynamic content packaging, protection, and personalization for broadcasters, platforms, and content creators.