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Amazon says it’ll spend $230 million on generative AI startups

Amazon says it’ll spend $230 million on generative AI startups
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
June 14, 2024

What We're Reading

Trending Companies

 

Greptile, a firm that develops programming tools intended to streamline codebase management for engineers, raises $4.1MM Seed from Initialized Capital.

Machine Learning • San Francisco, CA • Post-Money Valuation

 

Levee Medical, a company that develops urological devices designed to improve recovery outcomes post-prostatectomy, raises $10MM Series B from Undisclosed Investors.

Health Care • Durham, NC • Post-Money Valuation

 

Tomato.ai, a speech AI firm that develops accent softening software, raises $2.1MM Seed from Cardumen Capital.

Artificial Intelligence • Danville, CA • Post-Money Valuation

 

OnStation, a firm that provides digital stationing solutions for the heavy highway industry, raises $8.5MM Series A from JumpStart Ventures.

Apps • Chagrin Falls, OH • Post-Money Valuation

 

XONA, a company that develops a platform designed to provide secure access to critical infrastructure, raises $18MM Equity Funding from Energy Impact Partners.

Network Security • Hanover, MD • Post-Money Valuation

 

FirmPilot, a company that develops an artificial intelligence marketing platform designed to generate search-engine-optimized content and monitor marketing activities, raises $7MM Series A from DoubleVerify Holdings.

SEO • Miami, FL • Post-Money Valuation

 

PPC.io, a company that develops a digital advertising platform designed for firms to increase their sales, raises $5MM Seed from Undisclosed Investors.

SEO • Miami, FL • Post-Money Valuation

 

Nexus, a company that develops computing platform intended to redefine access to verifiable and cost-efficient data, raises $25MM Series A from Pantera Capital.

Data Management • Oakland, CA • Post-Money Valuation

 

Jump AI, a company that develops an AI assistant for financial advisors that automatically creates notes, manages tasks, and streamlines compliance, raises $4.6MM Equity Funding from Sorenson Capital.

Workflow Management • Salt Lake City, UT • Post-Money Valuation

 

Motion, a company that develops an AI-based gesture recognition software, raises $2MM Pre-Series A Financing from China Canada Angels Alliance.

Artificial Intelligence • Kitchener, Canada

 

Fibe, a fintech start-up that builds a mobile-first platform that allows a fast and easy way to get a loan or buy products and pay-later, raises $90MM Series E from TR Capital.

 

Fintech • Pune, India

 

Cognigy, a company that operates a conversational AI platform intended to automate customer and employee communications, raises $100MM Series C from Eurazeo.

Communications • Dusseldorf, Germany

 

FLO, a company that operates an electric vehicle charging network designed to provide smart charging services, raises $136MM Series E from Export Development Canada.

Electric Vehicle • Quebec, Canada

 

Michael Baker acquires MLU Services, a company that operates in the commercial & industrial engineering industry.

Disaster Recovery • Athens, GA • Deal

 

Netsurit acquires Avaunt Technologies, a firm that provides IT consulting services such as cloud computing, help desk, VOIP services, cyber security services and HIPAA services.

Cloud • Tacoma, WA • Deal

 

Freshworks acquires Device42, a firm that provides comprehensive, continuously up-to-date views of assets across an organization's entire IT infrastructure.

IT Consulting • West Haven, CT • Deal

 

Arthur J. Gallagher & Co. acquires Crawford Insurance, a firm that provides in general liability, commercial auto, workers' compensation, excess liability insurance, homeowners, renters, condo, landlord insurance, personal auto, umbrella, life insurance, motorcycle, boat and toys insurance.

Insurance • Pittsburgh, PA • Deal

 

New Era Cap intends to acquire 47 Brand, a firm that offers a premium sports lifestyle.

Fashion • Westwood, MA • Deal

 

Providence Equity Partners invests in Brandt Information Services, a company that provides outdoor recreational licensing and camping reservation software.

Analytics • Tallahassee, FL • Deal

 

White Cap acquires Rebar Solutions, a rebar fabricator and distributor of steel rebar and pre-assembled products serving industrial and commercial end markets.

Fabrication • Mount Crawford, VA • Deal

 

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