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Skims co-founder Jens Grede addresses those IPO rumors

Skims co-founder Jens Grede addresses those IPO rumors
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
December 17, 2024

What We're Reading

  • Skims co-founder Jens Grede addresses those IPO rumors [TechCrunch]
  • X gains a faster Grok model and a new ‘Grok button’ [TechCrunch]
  • Klarna’s CEO says it stopped hiring thanks to AI but still advertises many open positions [TechCrunch]
  • OpenAI whistleblower found dead at 26 in San Francisco apartment [TechCrunch]

Trending Companies

 

LambdaTest, a company that is engaged in software development, raises $38MM Equity Funding from Avataar Venture Partners.

Automation • San Francisco, CA • Post-Money Valuation

 

GovSignals, a firm that develops artificial intelligence-powered proposal automation platform, raises $5.5MM Seed from Unusual VC.

Artificial Intelligence • Washington, DC • Post-Money Valuation

 

Orphagen Pharmaceuticals, a biotech firm that develops small molecule drugs designed to treat certain orphan nuclear receptors, receives $1.7MM Grant from National Institute of Diabetes and Digestive and Kidney Diseases.

Biotechnology • San Diego, CA • Post-Money Valuation

 

Cala Health, a bioelectronic medicine company providing wearable neuromodulation therapies to deliver individualized peripheral nerve stimulation, raises $50MM Equity Funding from Vertex Growth Fund.

Neurology • San Mateo, CA • Post-Money Valuation

 

Evidently, a company that develops a cognitive AI platform that automates low-level cognitive tasks involving clinical data and knowledge, raises $15MM Series A from DN Capital (UK) LLP.

Automation • Palo Alto, CA • Post-Money Valuation

 

Ask Sage, a company that developed a generative AI platform, raises $17MM Series A from Sapphire Ventures.

Generative AI • Arlington, VA • Post-Money Valuation

 

Qnovia, a company that develops a drug delivery platform, raises $16MM Series B from Blue Ledge Capital.

Research & Development • Richmond, VA • Post-Money Valuation

 

Mainframe, a company that provides a generative artificial intelligence assistant that anticipates user needs and automates repetitive actions, raises $5.5MM Seed from Peter Boyce II.

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

 

Pragli, a company that develops an application that helps to systematize a large language model (LLM), raises $8MM Series A from Matrix Partners.

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

 

Raptor Maps, a firm that offers advanced analytics, insights and productivity software for the entire solar lifecycle, raises $35MM Series C from Maverix Private Equity.

Computer Vision • Somerville, MA • Post-Money Valuation

 

 

Industrial Inspection & Analysis acquires Kova Engineering, a firm that offers crane and lift equipment inspection and design services.

Investigation • Edmonton, Canada

 

Cookunity acquires Cookin, a developer of a food delivery marketplace designed to connect cooks directly to households.

E-Commerce • West Toronto, Canada

 

Relevate Power acquires Gravity Renewables, an owner, operator, and developer of small hydroelectric power plants across the US.

Renewable Energy • Boulder, CO • Deal

 

Apella Capital acquires Barker Financial Group, an investment advisor that offers financial planning and wealth management services.

Investment Management • Topsfield, MA • Deal

 

Carta acquires Realyze Intelligence, a firm that offers solutions that leverage AI to match patients to clinical trials to accelerate research and reduce costs.

Natural Language Processing (NLP) • Pittsburgh, PA • Deal

 

Brevan Electronics acquires Falcon Electronics, a distributor of semiconductors and electronic components used in the avionics, military and space industries.

Semiconductors • Commack, NY • Deal

 

Service Logic acquires HVAC Incorporated, a commercial heating and cooling company.

General Contractor • Portland, OR • Deal

 

Uniphore acquires ActionIQ, a company that provides brands with a real-time orchestration and intelligence hub.

Database Management • New York, NY • Deal

 

HubSpot intends to acquire Frame Technology, a company that develops a collaborative messaging platform designed to improve business conversations.

Analytics • Southlake, TX • Deal

 

TZP Group invests in Truvideo, a firm that develops video communication platform that enables technicians to record and narrate vehicle video overviews and discuss issues with the car while sending the customer a web link to the streaming video.

SaaS • Wellesley, MA • Deal

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