Nvidia is flying high thanks to AI

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

August 28, 2023

What We're Reading

Nvidia is flying high thanks to AI [TechCrunch]
ChatGPT: Everything you need to know about the AI-powered chatbot [TechCrunch]
Reddit launches moderator rewards program amid sitewide discontent [TechCrunch]
Starbucks is experimenting with ‘scanless checkout’ for drive-through users [TechCrunch]

Trending Companies

Astrocyte Pharmaceuticals, a clinical-stage drug discovery and development company dedicated to accelerating the recovery and well-being of brain injury patients, raises $6MM Pre-Series B from Dreavent Capital.

Drug Research • Groton, CT • Post-Money Valuation

Blended Sense, a media technology company that develops a media content platform for media professionals, raises $2.5MM Seed from Terrence Murphy Sr.

Software Development • Austin, TX • Post-Money Valuation

Verdigris, a company that offers a smart building management platform, raises $10MM Equity Funding from Solea Energy.

Smart Building • Mountain View, CA • Post-Money Valuation

Braintrust Tutors, a developer of a tutoring platform that connects children with learning disabilities or ADHD with certified teachers and specialists, raises $2.5MM Seed from Scott Sandell.

Tutoring • New York, NY • Post-Money Valuation

Ghost, a platform that helps brands to optimize their inventory distribution, raises $30MM Series B from Cathay Innovation.

Platform • Los Angeles, CA • Post-Money Valuation

Genesis Therapeutics, a biotechnology platform that utilizes AI technology to discover novel and breakthrough treatments for patients with severe and devastating conditions, raises $200MM Series B from Andreessen Horowitz.

Biotechnology • South San Francisco, CA • Post-Money Valuation

Writerly AI, a developer of an artificial intelligence-based copywriting tool for creators and businesses, raises $2MM Seed from undisclosed investors.

Artificial Intelligence • Nashville, TN • Post-Money Valuation

Axiom Space, a human spaceflight services company, providing countries, companies and individuals access to the International Space Station (ISS), raises $350MM Equity Funding from Aljazira Capital.

Aerospace & Defense • Houston, TX • Post-Money Valuation

Cerby,a software company that specializes in cybersecurity, raises $17MM Series A from Two Sigma Ventures.

Enterprise Software • Alameda, CA • Post-Money Valuation

Koverly, a developer of business-to-business global payments platform, raises $7.6MM Seed from Accomplice VC.

Business-to-Business • Waltham, MA • Post-Money Valuation

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Novig, a firm that operates a commission-free sports betting marketplace, raises $6.4MM Seed from Lux Capital.

Marketplace • New York, NY • Post-Money Valuation

Synthpop, a company that deploys fine-tuned AI agents who streamline clinical processes, without compromising accuracy and security, raises $2.6MM Seed from Zelda Ventures.

Artificial Intelligence • Wellesley, MA • Post-Money Valuation

Advanced NanoTherapies, a company that creates nanoparticle technologies that enable and improve drug uptake and retention into the cell for medical devices, raises $4MM Series A extension from undisclosed investors.

Health Care Technology • Los Gatos, CA • Post-Money Valuation

Best Lawyers acquires Good2bSocial, a digital marketing agency that serves law firms, legal marketers, lawyers and organizations in the legal industry.

Marketing • New York, NY • Deal

Roland Foods acquires ifiGOURMET, an importer and distributor of high-quality, unique pastry and confectionery products for culinary professionals.

Confectionery • Gurnee, IL • Deal

Imperial Dade acquires The Ohio & Michigan Paper, a firm that distributes industrial and janitorial products.

Industrial Distribution • Toledo, OH • Deal

Canto acquires MerlinOne, a company that provides digital asset management solutions.

SaaS • Braintree, MA • Deal

Medical Technology Associates acquires Air Filtration Management, a company that provides air filtration services.

Filtration • Bethlehem, PA • Deal

IDIS plans to acquire Costar Technologies, a firm that develops and manufactures security systems such as surveillance cameras, recorders, monitors, lenses, cables and other electronic accessories.

Security Systems • Coppell TX • Deal

The Norlee Group acquires Colwill Engineering, a company that provides mechanical, electrical, plumbing and design build services.

Engineering • Tampa, FL • Deal

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