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IBM rolls out new generative AI features and models

IBM rolls out new generative AI features and models
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
September 8, 2023

What We're Reading

Trending Companies


Miri, a company that developed an AI platform that provides access to a curated group of health and wellness experts 24/7, raises $1.2MM from Pre-Seed from Sassafras Investments.

Artificial Intelligence • San Francisco, CA • Post-Money Valuation, a firm that develops self-serve infrastructure management platforms, raises $4MM Seed from 3one4 Capital.

Software • Lewes, DE • Post-Money Valuation


Butternut Box, a provider of pet food products, raises £280MM Equity Funding from L Catterton.

Pet Products • London, United Kingdom


Trellis, a firm that develops and operates a state trial court data platform, raises $15MM Series B from Top Tier Capital Partners.

Legal • Santa Monica, CA • Post-Money Valuation


Atomicwork, a provider of an AI powered employee support platform, raises $11MM Seed from Blume Ventures.

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


ThetaRay, company that developed SONAR, the AI-powered AML transaction monitoring solution, raises $57MM Equity Funding from Portage.

Software • Hod HaSharon, Israel


Star Therapeutics, a company with a mission to develop life-changing therapies for as many rare diseases as possible, raises $90MM Series C from Sofinnova Investments.

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


Kind Designs, a manufacturer of eco-friendly, 3D printed  artificial reefs and seawalls, raises $5MM Seed from GOVO Venture Partners.

3D Printing • Miami, FL • Post-Money Valuation


Integral, a company that protects sensitive health data and provides automated expert certification software, raises $6.9MM Seed from Haystack.

Software Development • San Francisco, CA • Post-Money Valuation


Speak, a company that developed an AI-powered language tutor for English, raises a $16MM Series B-2 from Lachy Groom.

Language Learning • San Francisco, CA • Post-Money Valuation



Elemental Cognition, a company that provides a generative AI that combines large language models (LLMs) with a variety of other AI techniques, raises $60MM Series B from Bridgewater Associates.

Generative AI • West New York, NY • Post-Money Valuation


Innovac Therapeutics, a company developing vaccines for patients with unmet medical needs, raises $18MM Pre-Series A from Elikon Venture.

Drug Research • Cambridge, MA • Post-Money Valuation


Timken acquires Des-Case, a manufacturer of specialty filtration products for industrial lubricants.

Filtration • Goodlettsville, TN • Deal


Applied Industrial Technologies acquires Bearing Distributors, a company that provides bearings, conveyors, power transmission components, motors, controls, and material handling equipment.

Material Handling Equipment • Columbia, SC • Deal


Applied Industrial Technologies acquires Cangro Industries, a full service supplier of Electro/Mechanical power transmission products, industrial components and motion control systems.

Industrial Products • Farmindale, NY • Deal


Volaris acquires RAF Technology, a company that develops advanced pattern and image recognition, intelligent information extraction and data verification solutions.

SaaS • Redmond, WA • Deal


GemSpring Capital acquires Midland Industries, a company that supplies brass fittings, valves and plumbing accessories.

Valves & Fittings • Kansas City, MO • Deal


Watts Water Technologies to acquire Bradley, a manufacturer of plumbing fixtures and washroom accessories.

Commercial Products • Menomonee Falls, WI • Deal


IFS to acquire Falkonry, a provider of pattern-based artificial intelligence software to improve overall equipment effectiveness.

SaaS • Santa Clara, CA • Deal


SageHome acquires Colorado Living, a firm that offers home improvement products and installation services.

General Contractor • Colorado Springs, CO • Deal

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