Klarna’s revenue per employee soars to nearly $1M thanks to AI efficiency push; Sam Altman’s goal for ChatGPT to remember ‘your whole life’

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May 21, 2025

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

Trending Companies

 

Voltra, a company that develops software systems for energy infrastructure, raises $1.8MM Seed from Contrary Capital.

Energy Management • Waterloo, Canada

 

Cohere Health, a clinical intelligence company that provides intelligent prior authorization as a springboard to better quality outcomes by aligning physicians and health plans, raises $90MM Series C from Temasek Holdings.

Digital Health • Boston, MA • Post-Money Valuation

 

Layer AI, a content creation platform for game studios across 2D, 3D, and video, raises $6.5MM Seed from Arcadia Gaming Partners.

Video Games • San Francisco, CA • Post-Money Valuation

 

Avicena, a company developing microLED-based ultra-low power high bandwidth interconnects for chip-to-chip communications, raises $65MM Series B from Tiger Global Management.

Semiconductors • Sunnyvale, CA • Post-Money Valuation

 

Persona AI, an embodied artificial intelligence company, raises $27MM Seed from Unity Growth. 

Artificial Intelligence • Houston, TX • Post-Money Valuation

 

Samaya, a provider of an AI platform for financial services companies, raises $43.5MM Equity Funding from New Enterprise Associates.

Fintech • Mountain View, CA • Post-Money Valuation

 

Nekuda, a company that operates a digital payment infrastructure designed to facilitate secure and autonomous transactions for AI agents, raises $5MM Equity Funding from Madrona Venture Group.

Fintech • New York, NY • Post-Money Valuation

 

Flock Freight, a company that develops a freight technology platform designed for freight and shipping services, raises $60MM Series E from O'Neil Strategic Capital.

Freight • Encinitas, CA • Post-Money Valuation

 

Openlayer, a company that operates workspace for testing & debugging machine learning models, raises $14.5MM Series A from Race Capital.

Artificial Intelligence • San Francisco, CA • Post-Money Valuation

 

Arkestro, a company developer of a cloud-based automated negotiation software designed to leverage artificial intelligence to optimize procurement savings, raises $36MM Equity Funding from Altira Group.

Procurement • San Francisco, CA • Post-Money Valuation

 

 

Echo360 acquires GoReact, a developer of a video-based skill assessment platform offering personalized feedback and AI-enabled tools.

Artificial Intelligence • Orem, UT • Deal

 

Mercury Systems acquires Star Lab Corporation, a company that focuses on the development and productization of embedded security technologies for mission-critical systems.

Cyber Security • Washington, DC • Deal

 

Winsupply acquires Industrial Sales, a wholesale distributor of drainage pipe and fittings for residential and commercial contractors.

Valves & Fittings • Olathe, KS • Deal

 

SavvyMoney acquires CreditSnap, a company that develops a lending platform aimed at democratizing soft inquiry-based lending and account opening technology for small and large credit unions and banks.

Loans • San Antonio, TX • Deal

 

VT Group acquires Tunuva, a provider of cyber and information security services intended for defense and intelligence operations.

Defense • Leesburg, VA • Deal

 

4M acquires Brokate, a company that provides janitorial and disinfecting services.

Janitorial Services • Springfield, MO • Deal

 

Packaging Compliance acquires Quest Engineering, an engineering test services company.

Engineering • Billerica, MA • Deal

 

Veea acquires Crowdkeep, a company that develops an IoT technology platform designed for timekeeping and asset management.

Productivity • Washington, DC • Deal

 

Lower acquires Movoto, a company that provides agents and brokers with technology, lead generation, and marketing support services.

PropTech • San Mateo, CA • Deal

 

Webster Equity invests in Ring Concierge, a manufacturer and seller of luxury goods and jewelry.

Luxury • Pittsford, NY • Deal

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