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CrowdStrike update causes major global IT outage

CrowdStrike update causes major global IT outage
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
July 22, 2024

What We're Reading

  • Faulty CrowdStrike update causes major global IT outage, taking out banks, airlines and businesses globally [TechCrunch]
  • Fandango founder dies in fall from Manhattan skyscraper [TechCrunch]
  • Meta puts a halt to training its generative AI tools in Brazil [TechCrunch]
  • Apple Vision Pro debuts immersive content featuring NBA players, The Weeknd and more [TechCrunch]

Trending Companies

 

Infinitum Electric, a company that develops patented air-core motors, raises $35MM Series E from Marunouchi Innovation Partners.

Machinery • Round Rock, TX • Post-Money Valuation

 

Echo Chunk, a company that develops strategic games, raises $1.4MM Equity Funding from Andreessen Horowitz.

Video Games • San Francisco, CA • Post-Money Valuation

 

Dusk, a company that develops a platform for social multiplayer games, raises $8MM Equity Funding from byFounders.

Games • San Francisco, CA • Post-Money Valuation

 

Dream Big, a company that manufactures semiconductors, raises $75MM Series B from Samsung Catalyst Fund.

Semiconductors • Austin, TX • Post-Money Valuation

 

Kandji, a software company that provides device management for businesses using Apple products, raises $100MM Equity Funding from General Catalyst Partners.

Management Services • San Diego, CA • Post-Money Valuation

 

Aven Group, a company that operates in the human resources & employment services industry, raises $142MM Series D from Khosla Ventures.

Human Resources • San Francisco, CA • Post-Money Valuation

 

Rhizome, a company that develops a climate resilience platform, raises $1MM from Convective Capital.

Climatetech • Washington, DC • Post-Money Valuation

 

STAX Engineering, a company that provides zero-emission alternative emergency power services, raises $40MM Equity Funding from Upper90.

GreenTech • Long Beach, CA • Post-Money Valuation

 

Freshpaint, a company that develops data platform that facilitates marketing by collecting customer data, raises $30MM Series B from Threshold Ventures.

Customer Relationship Management (CRM) • San Francisco, CA • Post-Money Valuation

 

GovPort, a company that develops a centralized platform designed to facilitate collaboration and management between prime contractors and their subcontractors, raises $2.8MM Seed from PruVen Capital.

GovTech • Annandale, VA • Post-Money Valuation

 

 

Cloverleaf, a company that develops clean-powered, ready-to-build sites intended for large electric loads, raises $300MM Equity Funding from NGP Capital.

CleanTech • Houston, TX • Post-Money Valuation

 

Escala, a company that develops an all-in-one marketing and sales platform, raises $12MM Equity Funding from IGNIA.

Marketing • Coral Gables, FL • Post-Money Valuation

 

Making Space, a developer of a talent acquisition and learning platform, raises $2MM Seed from Beta Boom.

Recruitment • Los Angeles, CA • Post-Money Valuation

 

Arcee, a provider of domain-adapted LLMs through small language models (SLMs) and model merging & spectrum innovations, raises $24MM Series A from Emergence Capital Partners.

Natural Language Processing (NLP) • Miami, FL • Post-Money Valuation

 

Nearfield Instruments, a company that develops scanning probe microscopy systems designed for semiconductor metrology, raises €135MM from Walden Catalyst Ventures.

Measurement • Rotterdam, Netherlands

 

PulseMedica, a company that develops a proprietary real-time 3D imaging and laser targeting system for precise retinal surgery, raises $12MM Equity Funding from Saltagen Ventures.

Surgery • Edmonton, Canada

 

ACEL Power, a company that designs and manufactures electric outboard motors, raises $10MM Series A from Tau Capital.

Motors & Engines • Vancouver, Canada

 

CytoReason, a company that develops a cell-centered computational model of the human body designed to discover complex patterns in biological data, raises $80MM Equity Funding from OurCrowd.

Life Sciences • Tel Aviv, Israel

 

Cornerstone acquires Mueller, a company that manufactures steel buildings and residential metal roofing.

Steel • Ballinger, TX • Deal

 

nVent Electric completes acquisition of Trachte, a firm that manufactures and customizes pre-assembled, modular steel buildings and integrated packages.

Building Products • Oregon, WI • Deal

 

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