President Biden issues executive order to set standards for AI safety and security

PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.

October 31, 2023

What We're Reading

President Biden issues executive order to set standards for AI safety and security [TechCrunch]
Meta to offer ad-free subscription in Europe in bid to keep tracking other users [TechCrunch]
Cruise hits the brakes on driverless, UAW makes progress and more EV backpedaling [TechCrunch]
How companies can use generative AI to hire and promote employees based on skills match [Fortune]

Trending Companies

Censys, a cybersecurity company that provides innovative solutions to help organizations enhance their online security, raises $75MM from Decibel Partners.

SaaS • Ann Arbor, MI • Post-Money Valuation

Twelve Labs, a company that offers machine learning solutions for summarizing and searching video, raises $10MM Equity Funding from Nventures.

API • San Francisco, CA • Post-Money Valuation

Palladium, a national energy infrastructure development and project finance firm, raises $10MM Equity Funding from Ultra Capital.

Energy • Jacksonville, FL • Post-Money Valuation

Laxis, a company that developed AI meeting assistants for revenue teams, raises $1.5MM Seed from Elevate Ventures.

Collaboration • Evansville, IN • Post-Money Valuation

Ternary, a company that develops a cloud cost optimization tool, raises $12MM Series A from Jump Capital.

Finance • San Francisco, CA • Post-Money Valuation

Basis, a company that developed a business intelligence software, raises $3.6MM from Botton Ventures.

AdTech • Chicago, IL • Post-Money Valuation

Dermbiont, a company that develops microbial therapeutics designed to treat skin diseases, raises $35.2MM Series B from DoublePoint Ventures.

Therapeutics • Boston, MA • Post-Money Valuation

QuoteWell, a company that developed a data-driven platform designed for the insurance industry, raises $15MM Series A from NEA.

Platform • Austin, TX • Post-Money Valuation

PreventScripts, a company that partners with Primary Care providers to help them identify and intervene with their patients at-risk for diabetes, raises $1.5MM Equity Funding from Keyhorse Capital.

Primary Care • Paducah, KY • Post-Money Valuation

JourneyTrack, a company that developed a customer-first, enterprise-grade SaaS experience management platform, raises $1.5MM Equity Funding from Elevate Capital.

SaaS • Wilmington, DE • Post-Money Valuation

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Flashpoint Therapeutics, a company that develops cancer immunotherapies through rational nanoscale design of therapeutic architecture, raises $10MM Seed from Beta Lab.

Medical • Redwood City, CA • Post-Money Valuation

FlyGuys, a professional drone / (UAV) service company delivering solutions for many industries, raises $10MM Series A from Mitchell Capital.

Drones • Lafayette, LA • Post-Money Valuation

Lentechs, a clinical stage ophthalmic medical device company focused on developing a new generation of soft, suspended contact lens, raises $6MM Equity Funding from Vision Vestments.

Eye Care • Columbus, OH • Post-Money Valuation

PrecZn, a company that developed commerce orchestration for vertical SaaS platforms, raises $6.8MM Equity Funding from FlyOver Capital.

API • Carrollton, TX • Post-Money Valuation

Gemspring Capital invests in Inflow Communications, a business communications company.

VoIP • Portland, OR • Deal

Mod Op acquires Crenshaw Communications, a public relations firm.

Advertising • New York, NY • Deal

Sila Services acquires Burns & McBride Home Comfort, a company that provides practical and innovative heating and cooling solutions.

HVAC • New Castle, DE • Deal

Databricks acquires Arcion, a company developer of database replication platform designed to offer autonomous migration.

Cloud • San Mateo, CA • Deal

Snowflake to acquire Ponder, a software developer intended for data science solutions.

Data Processing • San Mateo, CA • Deal

Align Capital Partners acquires Counsel Press, a company that provides document preparation.

Legal • New York, NY • Deal

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