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Perplexity plans to share ad revenue with outlets cited by its AI

Perplexity plans to share ad revenue with outlets cited by its AI
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
July 31, 2024

What We're Reading

  • Perplexity details plan to share ad revenue with outlets cited by its AI chatbot [TechCrunch]
  • Lime is piloting two new e-bikes to attract more women and older riders [TechCrunch]
  • Meta is rolling out its AI Studio in the U.S. for creators to build AI chatbots [TechCrunch]
  • The fall of EV startup Fisker: A comprehensive timeline [TechCrunch]

Trending Companies

 

Splight, a firm that develops innovative energy systems that utilize artificial intelligence and energy advancements to build a collaborative ecosystem, raises $12MM Seed from Ascent Energy Ventures.

Sustainability • San Mateo, CA • Post-Money Valuation

 

Autobahn Therapeutics, a company that focuses on restoring hope for people affected by CNS disorders by developing regenerative medicines and a brain-targeting chemistry platform, raises $100MM Series C from Newpath Partners.

Biopharmaceuticals • San Diego, CA • Post-Money Valuation

 

Vanta, a firm that provides a platform for companies to automate their security monitoring and prepare for SOC 2, ISO 27001, or HIPAA compliance certifications, raises $150MM Series C from Sequoia Capital.

Automation • San Francisco, CA • Post-Money Valuation

 

Language IO, a company that develops customer chat support software that enables organizations to provide customer support on over 100 languages, raises $5MM Equity Funding from Gutbrain Ventures.

Enterprise Software • Cheyenne, WY • Post-Money Valuation

 

TMRW Life Sciences, a life sciences technology firm that provides management platform for frozen eggs and embryos used for in vitro fertilization, raises $28MM Series D from 5AM Ventures.

Biotechnology • New York, NY • Post-Money Valuation

 

Kestra Medical, a manufacturer of external and internal cardiac medical devices that are wearable, raises $196MM Equity Funding from Ally Bridge Group.

Health Care • Kirkland, WA • Post-Money Valuation

 

Harvey AI, a platform developer of an AI application that helps law practitioners, raises $100MM Series C from GV.

Legal Tech • San Francisco, CA • Post-Money Valuation

 

Didero, a firm that develops an AI-based supply chain platform, raises $7MM Seed from First Round Capital.

Procurement • New York, NY • Post-Money Valuation

 

Linx Security, a firm that offers identity security platform intended for modern enterprises, raises $33MM Equity Funding from Index Ventures.

Network Security • Dover, DE • Post-Money Valuation

 

Cell BioEngines, a clinical-stage biotech firm that develops an allogeneic 'off-the-shelf' stem cell-derived therapies as 'drugs' for human disease treatment, raises $2MM Equity Funding from SOSV.

Biotechnology • New York, NY • Post-Money Valuation

 

 

Modicus Prime, a firm that develops a computer vision software that automates biologics image analysis and is designed to solve for the cost, legal, and waste liabilities from product quality failures, raises $3.5MM Silverton Partners.

Automation • La Porte, IN • Post-Money Valuation

 

The Exigent Group acquires EASI, a firm that offers specializes in integrating diverse systems into a common, coordinated system with a single user interface, thereby providing turnkey and supervised installation services for heating, ventilation, and air conditioning (HVAC) and direct digital control (DDC) based projects.

Equipment • Pasadena, MD • Deal

 

The Exigent Group acquires Smith-Boughan, a firm that provides mechanical services catering to commercial, institutional, and industrial clients.

Mechanical Engineering • Lima, OH • Deal

 

Sofive acquires XL Soccer World, a firm that offers indoor soccer facility.

Leisure Facilities • Orlando, FL • Deal

 

KKR intends to acquire Janney Montgomery Scott, a firm that offers wealth management and financial advisory services.

Investment Management • Philadelphia, PA • Deal

 

A1 Garage Door Service acquires American Veteran Garage Doors, a firm that provides garage door repair services for commercial and residential clients.

Windows & Doors • Las Vegas, NV • Deal

 

Sciens Building Solutions acquires Standard Electronics, a firm that distributes, installs and provides service maintenance for fire alarm, security, low voltage electrical, data systems and communications equipment.

Security Systems • El Cajon, CA • Deal

 

Applied Systems acquires Planck, a firm that develops an artificial intelligence-based data platform that caters insurance industry.

Analytics • New York, NY • Deal

 

Teaching Strategies acquires Cognitive ToyBox, a firm that develops a research-driven assessment platform that offers game-based education and translates the results into the form of scores, enabling teachers to avail real-time data to keep track of children and improve their knowledge.

E-Learning • New York, NY • Deal

 

American Exchange Group acquires Indie Lee, a firm that offers skincare and cosmetic products intended for skin wellness.

Beauty • South Salem, NY • Deal

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