The case against AI art

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

September 4, 2024

What We're Reading

The case against AI art [TechCrunch]
X now lets you edit DMs — here is how to use the feature [TechCrunch]
Elon Musk’s Brazil battle wages on [TechCrunch]
A16z’s Joshua Lu says AI is already radically changing video games and Discord is the future [TechCrunch]

Trending Companies

nOps, a firm that develops AWS cost optimization platform, raises $30MM Series A from Headlight Partners.

Cloud • San Francisco, CA • Post-Money Valuation

PsychoGenics, an AI-enabled phenotypic drug discovery firm, receives a $3MM Grant from The National Institute of Mental Health.

Artificial Intelligence • Paramus, NJ • Post-Money Valuation

WrangleWorks, a firm that develops data-wrangling tools designed to help enterprises and software vendors to integrate and support software deployments and analytical initiatives, raises $1MM Equity Funding from The Eisenhower Group.

Analytics • Austin, TX • Post-Money Valuation

Staf, a firm that develops AgentOps.ai to create a reliable environment for AI agent development, raises $2.6MM Seed from 645 Ventures.

Generative AI • San Francisco, CA • Post-Money Valuation

EVOQ Therapeutics, a firm that develops immunotherapies intended to improve the lives of individuals fighting autoimmune diseases, receives a $2MM Grant from the National Institutes of Health.

Drug Research • Ann Arbor, MI • Post-Money Valuation

Noetik, an AI-native biotechnology company that leverages advanced machine learning methods to discover and develop cancer immunotherapies, raises $40MM Series A from Polaris Partners.

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

Melodi, a firm that manufactures medical devices intended to improve outcomes for women undergoing breast reconstruction, raises $10.8MM Series A from HM Venture Partners.

Medical Devices • Minneapolis, MN • Post-Money Valuation

Codeium, a company that develops a code acceleration toolkit built on AI technology, raises $150MM Series C from General Catalyst Partners.

Generative AI • Mountain View, CA • Post-Money Valuation

Liberty Service Partners acquires Luminous Electric, a provider of full-service licensed electrician services.

Engineering • Clearwater, FL • Deal

Swiftly Systems acquires Hopthru, a firm that develops a public transit data analysis platform intended to help agencies to improve their transit experiences.

Analytics • Seattle, WA • Deal

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Mad Markets acquires Timeless Seeds, a provider of certified organic lentils, chickpeas, and ancient grains.

Organic • Ulm, MT • Deal

Hibu Group acquires RevLocal, a provider of technology-enabled digital marketing solutions to small and medium-sized businesses.

Analytics • Granville, OH • Deal

Koch Equity Development intends to acquire iconectiv, a firm that develops a cloud-based information as a service network and operations management and numbering solutions.

Cloud • Bridgewater, NJ • Deal

RF Investment Partners acquires Rent-A-John, a firm that offers rental equipment intended for construction, industrial, or special events such as restroom trailers and compliant portable restrooms.

Rental • Wilmington, NC • Deal

NuOrion Partners invests in Demon Child, a streetwear apparel manufacturer.

Apparel • New York, NY • Deal

Groundworks acquires Rainy Day, a firm that offers basement waterproofing services.

Waterproofing • Arlington, WA • Deal

EPS US acquires Enterprise Print Management Solutions, a management information system (MIS) Solutions provider.

Information Management • Middleboro, MA • Deal

GrubMarket acquires Freshgogo, a company that operates an online Asian grocery and gourmet food one-stop-shop platform.

E-Commerce • College Point, NY • Deal

Warburg Pincus invests in Service Express, a data center hardware maintenance provider that specializes in data center maintenance for server, storage, and networking equipment.

Data Centers • Grand Rapids, MI • Deal

Arsenal Capital Partners intends to acquire Knowtion Health, a company that provides revenue cycle management services to the healthcare industry.

Health Care • Boca Raton, FL • Deal

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