Databricks to buy open-source database startup Neon for $1B

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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.
May 15, 2025

What We're Reading

  • Databricks to buy open-source database startup Neon for $1B [TechCrunch] 
  • Google tests replacing ‘I’m Feeling Lucky’ with ‘AI Mode’ [TechCrunch] 
  • Airbnb expands into services and experiences, plans more social and AI features [TechCrunch] 
  • AWS enters into ‘strategic partnership’ with Saudi Arabia-backed Humain [TechCrunch] 

Trending Companies

 

Classiq, a company that develops a quantum software platform designed for creating algorithm designs, raises $110MM Series C from Entree Capital.

Quantum Computing • Tel Aviv, Israel

 

Una Software, a developer of an applied revenue intelligence software that ensures teams across sales, marketing, customer service, product management, and finance collaborate to grow revenue - profitability, raises $4.4MM Seed from Staircase Ventures.

SaaS • Etobicoke, Canada

 

Haya Therapeutics, a therapeutics company that discovers and develops innovative tissue- and cell-selective genomic medicines for fibrotic diseases and other serious health conditions associated with aging, including cancer, raises $65MM Series A from Sofinnova Partners.

Drug Research • Lausanne, Switzerland

 

ImmuneWalk, a clinical-stage biotechnology company dedicated to developing new therapies for immune-inflammatory diseases, raises $7MM Seed from Institutional Investors.

Biotechnology • Pearl River, NY • Post-Money Valuation

 

Clarium, a company that develops the next-gen supply chain platform for healthcare, raises $27MM Series A from Northzone Ventures.

Supply Chain Management • New York, NY • Post-Money Valuation

 

Operand, a company that develops an AI-enabled consulting firm for consumer retail, raises $3.1MM Seed from Felicis Ventures.

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

 

Glide, a company that develops an embedded fintech platform, raises $15MM Series A from Acrew Capital.

Fintech • New York, NY • Post-Money Valuation

 

Kouper, a healthcare company that uses EHR integration, machine learning, and automation to improve transitions of care, raises $10MM Equity Funding from General Catalyst Partners.

Electronic Records Management (ERM) • New York, NY • Post-Money Valuation

 

CodeAnt, a company that develops a devtool platform intended to enforce clean code practices in software development, raises $2MM Seed from Y Combinator.

Developer Tools • San Francisco, CA • Post-Money Valuation

 

mPower, a company that develops semiconductor active miniature solar cells designed to provide reliable, cost-effective space transportation, raises $21MM Series B from Razor's Edge Management.

Aerospace & Defense • Albuquerque, NM • Post-Money Valuation

 

Savaria acquires Western Elevator, a firm that distributes residential and commercial elevator and lift equipment.

Equipment • Coquitlam, Canada

 

Madison Industries acquires RPI, a firm that manufactures indoor air quality products catering to the needs of the residential, commercial, and agricultural sectors.

Wellness • Madison, WI • Deal

 

Xsolla acquires Ludo, a software developer designed to drive community engagement through code-free social quests.

Fintech • New York, NY • Deal

 

Doktorconnect acquires VitalFlo, a firm that develops a proactive respiratory care technology platform.

Health Care Technology • Raleigh, NC • Deal

 

Mercer Advisors acquires Lewis Wealth Management, a firm that manages client assets and focuses on comprehensive financial planning.

Financial Planning • Englewood, CO • Deal

 

Province acquires O'keefe and Associates Consulting, a strategic and financial advisory firm specializing in Corporate Finance, Litigation Support, Strategic Advisory Services, and Turnaround & Restructuring.

Advisory • Bloomfield Hills, MI • Deal

 

Runway Growth Capital invests in Autobooks, a company that develops a business payment and accounting services platform which enables small businesses to send digital invoices and accept online payments directly from their financial institution's existing online and mobile banking channels.

Payment Processing • Detroit, MI • Deal

 

Mercer Advisors acquires Tufton Capital, a wealth management and investment advisory firm serving high net worth individuals, families and institutions.

Consulting • Cockeysville, MD • Deal

 

Tyto Athene acquires stackArmor, a provider of compliance solutions for public sector, retail, financial services, healthcare, non-profit and education entities.

Big Data • Reston, VA • Deal

 

Advanced Drainage acquires River Valley Pipe, a manufacturer of water management products.

Water Treatment • Lacon, IL • Deal

 

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