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Beware AI’s hidden costs before they bankrupt innovation

Beware AI’s hidden costs before they bankrupt innovation
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
December 28, 2023

What We're Reading

Trending Companies


Certainly Health, a company that operates as a healthcare marketplace specializing in enabling insured patients to compare guaranteed out-of-pocket costs across doctors, facilitating informed decision-making for medical services, raises $2.3MM Equity Funding from Pacific 8 Ventures.

Marketplace • New York, NY • Post-Money Valuation


Barnyard Games, a firm that develops an educational game development platform intended to spark a love of learning through interactive mobile apps, PC or Mac games and online experiences, raises $3.4MM Equity Funding from Menlo Ventures.

Online Games • Encinitas, CA • Post-Money Valuation


Qogita, a firm that develops and operates a platform for wholesale procurement, raises €80MM Series B from Dawn Capital.

Business-to-Business • Amsterdam, Netherlands


Prevu, a real estate technology company designed to assist homebuyers in reducing their expenditures, raises $6MM Series A from RiverPark Ventures.

Real Estate • New York, NY • Post-Money Valuation


Distributional, a company that developed a modern platform for enterprise AI testing and evaluation, raises $11MM Seed from Andreessen Horowitz. 

Artificial Intelligence • Berkeley, CA • Post-Money Valuation


Tetra, a company that offers clean energy products, raises $10.5MM Seed from Greycroft Partners.

Energy • Newton Center, MA • Post-Money Valuation


Neurophos, a company that delivers computational power of the human brain to artificial intelligence, raises $7.2MM Seed from Gates Frontier.

Artificial Intelligence • Austin, TX • Post-Money Valuation


PennSpring acquires Zirtual, a firm that offers virtual assistant services.

Virtual Assistant • Powell, OH • Deal


TMX Group intends to acquire VettaFi, a firm that provides investment advice, indexing, and distribution for veterans and entrepreneurs.

Advisory • New York, NY • Deal


Hop Lun acquires RW Designs, a company that manufactures swimwear apparel.

Lingerie • Sherman Oaks, CA • Deal



Hubbell Incorporated completes the acquisition of Systems Control, a company that designs and manufactures turnkey control systems that are involved in the protection and control of transmission and distribution assets used in the transport of energy from the source to the grid and consumers.

Energy • Iron Mountain, MI • Deal


ArchKey Solutions acquires Total Electric, an electrical contracting firm that offers a broad spectrum of electrical services repairs and maintenance, as well as new construction electrical work.

General Contractor • Upper Marlboro, MD • Deal


Nintex intends to acquire Skuid, a digital product engineering services company offering full-lifecycle product development across various industries such as communications, financial services, automotive, healthcare, media, and more.

Cloud • Chattanooga, TN • Deal


Aegion acquires Culy, a diversified company in the water & sewer construction industry.

Construction • Winchester, IN • Deal


Mammoth Holdings acquires Today's Car Wash, a company that operates as a car wash service provider offering various wash services and membership plans across its locations.

Car Wash • Killeen, TX • Deal


Legence acquires OCI Associates, a provider of mechanical, electrical, plumbing and fire protection engineering services.

Engineering • Maitland, FL • Deal


Bain Capital acquires Guidehouse, a company that provides consulting services to the public sector and commercial markets.

Consulting • Falls Church, VA • Deal


Pritzker Private Capital acquires HeartLand, a company that builds relationships and delivering exceptional service through leading commercial landscape firms.

Landscaping • Kansas City, MO • Deal


Uplight intends to acquire AutoGrid, a company that builds software applications that enable a smarter distributed energy world.

Electricity • Redwood City, CA • Deal


Linktree acquires Koji, a company that operates a content creation platform designed to help create interactive social media posts, games and web applications in minutes.

Content Creators • West Hollywood, CA • Deal

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