Discord cuts 4% of staff

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

August 7, 2023

What We're Reading

Discord cuts 4% of staff as part of company reorganization [TechCrunch]
Microsoft kills Cortana in Windows as it focuses on next-gen AI [TechCrunch]
Apple’s services business now has more than 1B subscribers [TechCrunch]
Nikola CEO steps down, replaced by chairman [TechCrunch]

Trending Companies

Solu Therapeutics, a precision-medicine company developing therapeutics to eliminate disease-driving cells in cancer, immunology and autoimmunity, raises $31MM Seed from Sante Ventures.

Drug Research • Boston, MA • Post-Money Valuation

HealthMap, a kidney population health management company, raises $100MM Equity Funding from WindRose Health Investors.

Clinical Services • Tampa, FL • Post-Money Valuation

Neon, a company that develops open-source cloud-native Postgres designed to create a cloud-native database service for developers, raises $46MM Series B from Menlo Ventures.

Open Source • San Francisco, CA • Post-Money Valuation

Enspire, a clinical stage company developing an implantable neuromodulation therapy for post-stroke recovery, raises $17.6MM Series B from Cleveland Clinic.

Physical Therapy • Cleveland, OH • Post-Money Valuation

Akkio, a company offering a generative AI for analytics and predictive modeling platform, raises $15MM Series A from Bain Capital Ventures.

Generative AI • Boston, MA • Post-Money Valuation

Topline Pro, a developer of a platform designed to provide digital media services, raises $12MM Series A from ForeRunner Ventures.

AdTech • Boston, MA • Post-Money Valuation

Cyble, a firm that enables enterprises to protect themselves from cybercrimes and exposure in the dark web, raises $24MM Series B from Blackbird Ventures.

Cyber Security • Alpharetta, GA • Post-Money Valuation

Aulos Bioscience, a company revolutionizing cancer patient care through best-in-class IL-2 therapeutics, raises $20MM Series A extension from Apple Tree Partners.

Biotechnology • Larkspur, CA • Post-Money Valuation

Converge Insurance, a company that offers cyber insurance, security and technology to provide businesses with clear, confident cyber protection, raises $15MM Series A from ForgePoint Capital.

Insurtech • New York, NY • Post-Money Valuation

DebtBook, a company that developed a debt, lease, and subscription management software, raises $12.5MM Series A-1 from Elephant Partners.

Fintech • Charlotte, NC • Post-Money Valuation

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Wisecut, a company that developed an AI-based video editing platform, raises $1MM Equity Funding from Tim Draper.

Generative AI • Miami, FL • Post-Money Valuation

Assertio closes acquisition of Spectrum Pharmaceuticals, a company acquiring, developing and commercializing novel and targeted drug products, with a primary focus in oncology.

Biopharmaceuticals • Boston, MA • Deal

Middleby acquires Trade-Wind Manufacturing, a company that manufactures residential and professional series ventilation hoods for outdoor grills and indoor ranges as well as hood liners.

Fans & Ventilators • Phoenix, AZ • Deal

StoreForce acquires Thinktime, a developer of software solutions for retailers.

Software Development • Chicago, IL • Deal

LiveKindly acquires Alpha Foods, a producer of plant-based alternative meat products.

Alternative Protein • Glendale, CA • Deal

Palmetto Exterminators acquires PestNow, a pest control management company.

Pest Control • Sterling, VA • Deal

Guidepost Growth Equity invests in Intellum, a company that combines the best of customer experience with customer education to help large brands and fast-moving companies increase revenue.

Performance Management • Atlanta, GA • Deal

ManTech International signed an agreement to acquire Definitive Logic, a company that delivers performance-based and outcome-driven solutions.

IT Consulting • Arlington, VA • Deal

Accelevation acquires Instor Solutions, a company that provides data center deployment services designed to promote data infrastructure expansion.

Data Centers • Fremont, CA • Deal

Francisco Partners and TPG to acquire New Relic, a company that developed a cloud-based observability platform built to help companies create more perfect software.

Software • San Francisco, CA • Deal

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