Grammarly lays off 230 employees

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

February 13, 2024

What We're Reading

Grammarly lays off 230 employees as part of a ‘business restructuring’ [TechCrunch]
Over half of Vision Pro-only apps are paid downloads, far more than wider iOS App Store [TechCrunch]
Pinterest announces a new ad deal with Google as it approaches 500M MAUs [TechCrunch]
Sam Altman wants trillions to supercharge chip production [Business Insider]

Trending Companies

Synthetaic, a company that provides analytics as a Service product intended to democratize AI modeling of complex data-limited workloads, raises $15MM Series B from Lupa Systems.

Data Integration • Delafield, WI • Post-Money Valuation

Malones CNC Machining, a manufacturer of military aircraft parts and assemblies, raises $3MM Equity Funding from Advantage Capital Partners.

Aircraft • Grove, OK • Post-Money Valuation

Elemind, a neurotechnology company whose products use novel neuromodulation techniques to shape brainwaves and change brain states, raises $12MM Seed from Village Global Venture Capital.

Neuroscience • Cambridge, MA • Post-Money Valuation

Overflow, a company that operates a philanthropy platform, raises $20MM Series B from Wesleyan Investment Foundation.

Charity • Palo Alto, CA • Post-Money Valuation

Platform Accounting Group, a company that provides accounting, mergers, acquisitions, tax advisory, and business consulting services, raises $85MM Equity Funding from Cynosure Group.

Accounting • Salt Lake City, UT • Post-Money Valuation

Perigon, a company that develops contextual intelligence technology, raises $5MM Seed from Live Oak Ventures.

SaaS • Austin, TX • Post-Money Valuation

ClosingLock, a company that provides wire fraud prevention software for the real estate industry, raises $12MM Series A from Headline.

PropTech • Austin, TX • Post-Money Valuation

LimaCharlie, a company that developed security tools and infrastructure that gives security teams full control over how they manage their security infrastructure, raises $10.2MM Series A from Sands Capital Ventures.

Cyber Security • Covina, CA • Post-Money Valuation

Polycam, 3D creation tool company specializing in developing a sensor application that utilizes LiDAR technology on iOS and Android devices, raises $18MM Equity Funding from Left Lane Capital.

3D • Altadena, CA • Post-Money Valuation

AI.Fashion, a firm that offers an AI technology for the fashion industry, raises $3.6MM Seed from Neo.

Artificial Intelligence • Los Angeles, CA • Post-Money Valuation

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Shepherd, an insurtech company focused on the construction market, raises $13.5MM Series A from Costanoa Ventures.

Insurtech • San Francisco, CA • Post-Money Valuation

Unlearn, a company that offers a platform which helps to accelerate clinical trials, raises $50MM Series C from Altimeter Capital.

Analytics • San Francisco, CA • Post-Money Valuation

Aizon, a firm that offers artificial intelligence and advanced data analytics solutions for the healthcare and pharmaceutical industries, raises $20MM Series C from NewVale Capital.

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

Bruker acquires Spectral Instruments Imaging, a firm that manufactures preclinical in-vivo optical imaging systems.

Imaging • Tucson, AZ • Deal

Interactive Strength acquires CLMBR, a firm that develops and manufactures climbing machines.

Fitness • Denver, CO • Deal

The Parking Spot acquires Park 'N Fly, a firm that offers a network of off-airport parking services at over 80 airports through its Internet-based reservation system.

Parking • Atlanta, GA • Deal

Swell Energy acquires Renu Energy Solutions, a provider of solar installations, as well as proven energy-saving products and services like energy storage and system monitoring.

Solar • Charlotte, NC • Deal

Savvas Learning Company acquires Outlier.org, an online education platform committed to enhancing accessibility and affordability in higher education.

E-Learning • New York, NY • Deal

Disney acquires Epic Games, a software company that develops video games and technologies.

Video Games • Cary, NC • Deal

Greater Sum Ventures invests in Soma Global, a cloud-based CAD solution that delivers secure, mission-critical, real-time data to first responders.

Cloud • Tampa, FL • Dhttps://system.privco.com/company/soma-global-2/dealseal

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