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Elon Musk’s xAI lands $6B in new cash

Elon Musk’s xAI lands $6B in new cash
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
December 9, 2024

What We're Reading

Trending Companies

 

Turion Space, a firm that develops spacecrafts designed to monitor and track space objects, remove orbital debris, and provide services to existing satellites, raises $20MM Series A from Veteran Ventures.

Satellites • Irvine, CA • Post-Money Valuation

 

Squire Technologies, a company that provides a full-scale barbershop management and POS system providing support for shop owners to both scale their business and increase clientele, while also reducing the amount of time spent in back-office operations via tools such as Point of Sale, Scheduling, Payroll, CRM, and a host of other features, raises $35MM Debt Funding from Silicon Valley Bank.

Point of Sale • New York, NY • Post-Money Valuation

 

AdvantageClub.ai, a developer of an employee engagement and rewards platform, raises $4MM Equity Funding from Axilor Ventures.

SaaS • San Francisco, CA • Post-Money Valuation

 

Trio Pharmaceuticals, a cancer therapeutics company that develops dual-action drugs for immunogenic tumors, raises $3.1MM Pre-Series A Funding from Friedman Bioventure Fund.

Therapeutics • San Carlos, CA • Post-Money Valuation

 

DPL Financial Partners, a company that provides insurance consultancy services, raises $23MM Series C from Eos Ventures Partners Limited.

Insurance • Louisville, KY • Post-Money Valuation

 

Yurts, a company that develops an enterprise platform designed to allow organizations to deploy secure AI-based languages, raises $40MM Series B from XYZ Venture Capital.

Large Language Model • San Rafael, CA • Post-Money Valuation

 

Fello, a company that operates a community based platform for mental health, raises $10.4MM Seed from 62Ventures.

Mental Health • Chicago, IL • Post-Money Valuation

 

CoachHub, a company that develops employee coaching software designed to provide personalized mentoring for employees of all career levels, raises $40MM Growth Financing from HSBC Innovation Banking UK.

Coaching • New York, NY • Post-Money Valuation

 

Acceleron, a company that provides clean energy solutions by using fusion technology, raises $24MM Series A from Lowercarbon Capital.

CleanTech • Cambridge, MA • Post-Money Valuation

 

MakersHub, a company that develops an accounts payable platform designed for businesses to handle bill data, raises $7MM Seed from QED Investors.

Billing • Austin, TX • Post-Money Valuation

 

Nurture Boss, a company that provides AI solution for the multifamily housing sector, raises $4MM Series A from AZ-VC.

PropTech • Scottsdale, AZ • Post-Money Valuation

 

Rediem, a company that develops a customer engagement platform, raises $1.2MM Pre-Seed Funding from Ivy Ventures.

Customer Relationship Management (CRM) • New York, NY • Post-Money Valuation

 

Serhant, a real estate company, raises $45MM Equity Funding from Camber Creek.

Real Estate Development • New York, NY • Post-Money Valuation

 

Eagle Electronics, a company that manufactures cellular modules intended to transform electronics manufacturing, raises $14MM Equity Funding from The O.H.I.O. Fund.

Electronics • Solon, OH • Post-Money Valuation

 

HgCapital invests in Empyrean Solutions, a company providing a software platform that allows banks and credit unions of all sizes to take control of their balance sheet management, scenario planning, and risk analysis in a single software platform.

Compliance • Woburn, MA • Deal

 

Haveli Investments acquires AppViewX, a company that develops software applications for identity Management, automation and orchestration.

Cyber Security • New York, NY • Deal

 

Astorg Partners acquires Hamilton Thorne, a firm that manufactures and markets precision laser systems, CASA systems (Computer Assisted Sperm Analysis), imaging systems, consumables, and services.

Medical Devices • Beverly, MA • Deal

 

Astorg Partners acquires Cook Medical, a company that manufactures medical devices and develops technologies that eliminate the need for open surgery.

Health Care Equipment • Bloomington, IN • Deal

 

Greater Sum Ventures invests in InhabitIQ, a company that provides software solutions for the vacation and property management industries.

PropTech • Knoxville, TN • Deal

 

Limbach Holdings acquires Consolidated Mechanical, a full-service mechanical contractor.

General Contractor • Owensboro, KY • Deal

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