Technology Private Placement and M&A Transactions Review Week Ending September 3, 2023

Hugging Face: The company raised $235 million of Series D venture funding in a deal led by Salesforce Ventures on September 2, 2023, putting the company’s pre-money valuation at $4.5 billion. Amazon.com, Intel, Advanced Micro Devices, International Business Machines, Qualcomm Ventures, IBM Global Finance, Nvidia, Sound Ventures, Thirty 5 Ventures and Alphabet also participated in the round. The company is a developer of a chatbot application and natural language processing technologies designed to facilitate artificial intelligence-powered communication.

Mediafly: The company received $80 million of development capital from Boathouse Capital, BIP Ventures and other company insiders on August 29, 2023. The company is a developer of a sales enablement and content management technology platform designed to create interactive and value-based selling experiences powered by content and analytics.

Blast Motion: The company raised $60 million of venture funding in the form of convertible debt from undisclosed investors on August 31, 2023. The company is a developer of a wearable motion capture technology designed to improve sports performance using motion sensors and analysis.

Imagry: The company is in the process of raising $50 million of Series B venture funding on August 29, 2023. The company is a developer of a mapless self-driving technology designed to expedite autonomous driving.

Talofa Games: The company raised $6.3 million of venture funding from undisclosed investors on August 31, 2023. The company is an operator of social fitness gaming software intended to bring people from all walks of life together in the real world.

Coram AI: The company raised $5.3 million of venture funding from undisclosed investors on August 28, 2023. The company is a developer of a video intelligence platform designed to provide businesses with valuable insights into their daily operations.

Ultraviolet Labs: The company raised an undisclosed amount of venture funding from Double Peak in approximately August 2023. The company is a developer of an augmented reality social platform designed to merge reality with the metaverse.

Denim Social / Capacity: The company was acquired by Capacity for an undisclosed amount on August 30, 2023. The company is a developer of a social media management platform designed for banks and financial services firms to grow social media engagement.

LumenVox / Capacity: The company was acquired by Capacity for an undisclosed amount on August 30, 2023. The company is a developer of AI-based automated speech recognition and voice authentication technologies.

Modsy / Lennar: The company was acquired by Lennar for an undisclosed amount on August 30, 2023. The company is a developer of a 3D visualization software designed to render a virtual interior environment.

Sony Pictures / HighView: The Sony AXN, Sony Channel and SVOD service Sony One of Sony Pictures was acquired by HighView for an undisclosed amount on September 1, 2023. The company is an operator of media channels based in Munich, Germany.

ThrivSports / Golf Genius Software: The company was acquired by Golf Genius Software, via its financial sponsors MVP Capital Partners, Phase 2 Investments and Symphony Ventures, through an LBO on August 30, 2023. The company is a developer of a business management and marketing application designed to allow coaches to manage every aspect of their business.