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What are AI ‘world models,’ and why do they matter?

What are AI ‘world models,’ and why do they matter?
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
October 29, 2024

What We're Reading

  • What are AI ‘world models,’ and why do they matter? [TechCrunch]
  • Wiz CEO explains why he turned down a $23 billion deal [TechCrunch]
  • Apple Intelligence goes live with iOS 18.1 update [TechCrunch]
  • Google expands AI Overviews in Search to more than 100 countries [TechCrunch]

Trending Companies

Infinitus Systems, a startup company that develops voice robotic process automation tools for the health care industry, raises $51.5MM Series C from Andreessen Horowitz.

Artificial Intelligence • San Francisco, CA • Post-Money Valuation

 

March Biosciences, a clinical-stage cell therapy company, raises $28.4MM Series A from 4BIO Capital.

Drug Research • Houston, TX • Post-Money Valuation

 

Shuttle Labs, a software developer to create a chain-invisible exchange experience that enables users to buy anything and anywhere without user-facing bridge interactions, raises $6MM Seed from CMCC Global.

Blockchain • New York, NY • Post-Money Valuation

 

Fixify, a developer of information technology (IT) help desk application that reduces waiting time and ticket queues, raises $25MM Series A from Paladin Capital.

SaaS • Arlington, VA • Post-Money Valuation

 

Checkmate, a platform developer intended to streamline the operations of restaurants, raises $10MM Series B from Tiger Global Management.

Software • San Ramon, CA • Post-Money Valuation

 

U.S. Pharmacopeia acquires Stratix Labs, a company that develops products that accelerate testing, simplify procedures, and generate new efficiencies in microbiology workflows.

Biotechnology • Saint Paul, MN • Deal

 

Waverly Advisors acquires 9258 Wealth Management, an investment advisory firm that offers tax preparation and planning business services.

Advisory • Cincinnati, OH • Deal

 

Parkview Dental Partners acquires Breezy Dental, a firm that offers routine exams, cosmetic dentistry, and tooth replacement options and dental services.

Dental • Clearwater, FL • Deal

 

Truelink Capital intends to acquire Global Experience Specialists, a full-service provider for the exhibitions industry.

Trade Shows • Las Vegas, NV • Deal

 

Sage Sustainable Electronics acquires Relectro, a firm that provides electronic device repair services.

Electrical • Telford, PA • Deal


 

 

hc1.com acquires Accumen, a healthcare performance consulting firm.

Consulting • Scottsdale, AZ • Deal

 

Vesper invests in TAO Digital Solutions, an IT consulting firm offers services such as product engineering, observability services, product development, blockchain, IoT and artificial intelligence solutions.

Compliance • Santa Clara, CA • Deal

 

Thomson Reuter acquires Materia AI, a firm that develops an accounting platform intended for guidance and research.

Fintech • Brooklyn, NY • Deal

 

Izea Worldwide acquires The Reiman Agency, a marketing agency intended to serve consumer brands across the entertainment and media landscape.

Advertising • Los Angeles, CA • Deal

 

Zeta Global acquires LiveIntent, a firm that develops a people-based marketing platform designed to connect brands to their customers at every point.

Marketing • New York, NY • Deal

 

GardaWorld Security intends to acquire Stealth Monitoring, a provider of live video monitoring solutions.

Security Systems • Addison, TX • Deal

 

Acacia Research acquires Deflecto, a company that designs and manufactures office, storage, safety, and air distribution solutions for homes and offices.

Consumer Products • Indianapolis, IN • Deal

 

Parsons acquires BCC Engineering, a provider of planning, design, and construction management services, for civil, structural, and transportation-related engineering projects.

Civil Engineering • Miami, FL • Deal

 

OneMagnify acquires Emodo, a firm that operates a CTV-first advertising marketplace that offers advanced targeting services, leveraging AI and data-driven insights.

Database Management • San Francisco, CA • Deal

 

White Cap intends to acquire Triumph Geo-Synthetics, a geosynthetics and erosion control distributor.

Building Products • Anaheim, CA • Deal

 

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