GM is giving up on Cruise robotaxis

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

December 13, 2024

What We're Reading

GM is giving up on Cruise robotaxis, pivots to personal autonomous vehicles [TechCrunch]
Harvard and Google to release 1 million public-domain books as AI training dataset [TechCrunch]
Microsoft quietly axes Skype credit and phone number sales to push subscriptions [TechCrunch]
ChatGPT and Sora experienced a major outage [TechCrunch]

Trending Companies

9fin, a company that developed an AI-powered analytics platform for debt capital markets, raises $50MM Series B from Highland Europe.

Analytics • London, United Kingdom

Zopa, a firm that offers a variety of financial solutions such as credit and loans, raises €80MM Equity Funding from A.P. Moller Holding.

Loans • London, United Kingdom

Nscale, a firm that offers AI, high-performance computing, and cloud systems, raises $155MM Series A from Sandton Capital Partners.

DevOps • Glomfjord, Norway

Alchemyca Biotech, a waste-to-value technology company accelerating the shift to a low-carbon, circular economy, raises $2.5MM Equity Funding from Ferment.

Renewable Energy • San Diego, CA • Post-Money Valuation

OneRail, a company that develops an online logistics management platform designed to provide a retail point-of-sale integration experience, raises $42MM Series C from Aliment Capital.

Point of Sale • Orlando, FL • Post-Money Valuation

TearSolutions, a biotech company developing therapies for the treatment of ocular surface related diseases, raises $3MM Series B from Undisclosed Investors.

Biotechnology • Charlottesville, VA • Post-Money Valuation

Lightning AI, a developer of operating systems for artificial intelligence, raises $50MM Equity Funding from Cisco Investments.

Operating Systems • New York, NY • Post-Money Valuation

Biosurfaces, a company that creates product solutions by engineering biology with synthetic cellular matrices for applications ranging from IVRT and delivery of bio-active therapeutics to medical devices and consumer health products, receives $2.1MM Grant from Bill & Melinda Gates Foundation.

Nanotechnology • Ashland, MA • Post-Money Valuation

Sola, an insurtech firm that provides data-driven policies, raises $3.7MM Seed from Fintop Capital.

Fintech • Atlanta, GA • Post-Money Valuation

Pixeltable, an open-source AI data infrastructure firm, raises $5.5MM Seed from The General Partnership.

Analytics • San Francisco, CA • Post-Money Valuation

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Nectir, a developer of a personalized AI learning partner, raises $6.3MM Seed from Long Journey Ventures.

E-Learning • Goleta, CA • Post-Money Valuation

Lucra Sport, a company that operates as a social-first sports gaming platform, raises $10MM Equity Funding from 7GC & Co.

Esports • New York, NY • Post-Money Valuation

BRM Labs, a company that develops a vendor management and procurement platform, raises $15MM Series A from Caffeinated Capital.

Vendor Management • San Francisco, CA • Post-Money Valuation

EvenFlow AI, a company that develops AI-driven scheduling software to optimize auto dealership service appointments and increase profits, raises $1.5MM Seed from FM Capital.

Scheduling • Chicago, IL • Post-Money Valuation

MaxHome, a company that develops a real estate platform designed to automate tasks and transactions, raises $2MM Pre-Seed Funding from BBG Ventures.

Real Estate Technology • Fremont, CA • Post-Money Valuation

Service Express acquires Mid-Range Computer, a managed infrastructure solutions provider.

Managed Services • Markham, Canada

Green Rebates acquires Seinergy, a company delivering utility rebate expertise for the cannabis and horticulture lighting and custom applications.

Horticulture • Langley, WA • Deal

Axios HQ acquires Mixing Board, a community members platform developer that connects leaders who are marketing experts, seasoned brand strategists, social and content specialists, community builders, researchers, speechwriters and policy veterans.

Collaboration • Orinda, CA • Deal

AirX Climate Solutions acquires Powrmatic, a HVAC designer and manufacturer providing cooling and heating air turnover products and solutions.

HVAC • Finksburg, MD • Deal

The Valcourt Group acquires Restocon, a full-service commercial and industrial restoration and waterproofing contractor.

General Contractor • Tampa, FL • Deal

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