Sam Altman to return as OpenAI CEO

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

November 27, 2023

What We're Reading

Sam Altman to return as OpenAI CEO [TechCrunch]
How TikTok is shaping the future of election news [Business Insider]
X loses Paris Hilton’s 11:11 Media partnership in latest brand pull-out [TechCrunch]
Spotify says its upcoming royalty model changes will generate $1B for artists over five years [TechCrunch]

Trending Companies

Boreas, a fabless semiconductor company commercializing product-differentiating integrated circuits for haptic applications in consumer and industrial markets, raises $12MM Series B from Undisclosed Investors.

Semiconductors • Quebec, Canada

Artifact Lab, a firm that develops universal player profiles designed for increased targeting and monetization for studios and publishers, raises $2MM Pre-Seed from IOSG Ventures.

Games • San Carlos, CA • Post-Money Valuation

Suger, a firm that offers a sales platform for cloud marketplaces, raises $2.5MM Seed and $1MM Pre-Seed from Craft Ventures.

Marketplace • Daly City, CA • Post-Money Valuation

Virdee, a company that provides a comprehensive solution of check-in/out, ID verification, payment collection, and remote support to hotel, multifamily and corporate housing brands, raises $12.4MM Series A from Moneta Ventures.

Verification • Austin, TX • Post-Money Valuation

SiLC Technologies, a machine vision company focused on advancing machine vision applications, raises $25MM Equity Funding from Hokuyo Automatic.

Semiconductors • Monrovia, CA • Post-Money Valuation

T-Therapeutics, a company that develops engineered T-cell therapies for chronic diseases, raises £48MM Equity Funding from Sofinnova Partners.

Biopharmaceuticals • Cambridge, United Kingdom

Switch Maritime, a company that develops battery-operated ferries, raises $10MM Series A from Nexus Development Capital.

Marine Transportation • Jackson, WY • Post-Money Valuation

Layer AI, a company that develops productivity tools for game art creation, raises $1.8MM Seed from 500 Global.

Developer Tools • San Francisco, CA • Post-Money Valuation

Optiwatt, a company that develops energy optimization app for spending monitoring, raises $7MM Series A from Navitas Capital.

Optimization • San Francisco, CA • Post-Money Valuation

Glencoco, a company that develops sales platform, raises $3MM Seed from Felicis Ventures LLC.

Sales • Brooklyn, NY • Post-Money Valuation

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Shardbound, a company that develops multiplayer online game, raises $5MM Equity Funding from Bitkraft Ventures.

MMO Games • San Mateo, CA • Post-Money Valuation

Ninety, a firm that provides cloud-based collection of the essential tools to run on EOS, raises $35MM Series B from Blue Cloud Ventures.

SaaS • Atlanta, GA • Post-Money Valuation

INGENIOUS.BUILD, a provider of a cloud-based project management platform for the construction industry, raises $37MM Series A from Navitas Capital.

Software • Nashville, TN • Post-Money Valuation

Handraise, a developer of an AI PR platform that helps PR and communications professionals deliver business impact through insights and amplification, raises $6.4MM Seed from Silverton Partners.

Artificial Intelligence • Austin, TX • Post-Money Valuation

HockeyStack, a firm that develops an analytics and attribution platform intended for B2B companies to analyze, forecast, and optimize their marketing, raises $2.7MM Seed from YCombinator.

Analytics • Middletown, DE • Post-Money Valuation

Every.io, a developer of banking, payroll, bookkeeping and tax software solutions for businesses, raises $9.5MM Seed from Base10.

Fintech • San Francisco, CA • Post-Money Valuation

Washington Harbour Partners acquires SIXGEN, a company that provides cybersecurity services and products to protect government organizations and commercial industries.

Cyber Security • Annapolis, MD • Deal

PagerDuty completes the acquisition of Jeli, a firm that offers an incident analysis platform that combines more comprehensive data to deliver proactive solutions and identify problems.

Analytics • San Francisco, CA • Deal

Sciens Building Solutions acquires Bass United Fire & Security Systems, a provider of sales, installation, maintenance, and monitoring of commercial fire alarms, burglar alarms, fire sprinklers, access control, CCTV systems, medical alert, intercoms, public address and communication systems.

Security • Pompano Beach, FL • Deal

SMX acquires Outside Analytics, a firm that offers software engineering and data analytics solutions.

Software • Broomfield, CO • Deal

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