ChatGPT’s market share slips below 50% for first time; Beren Therapeutics raises $135MM Equity Funding from Wellington Partners

Daily list of private company financial insights
June 17, 2026

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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

Sarvam, a platform developer that offers multilingual models, speech-to-text and text-to-speech capabilities, translation services, and conversational AI agents across Indian languages, along with flexible deployment options including private cloud and on-premise environments, raises $234MM Series B from Bessemer Venture Partners.

SaaS (8,022) • Bengaluru, India

 

NewCore, an enterprise cybersecurity firm that focuses on identity and access management, raises $66MM Equity Funding from Cyberstarts.

Cyber Security (3,658) • Tel Aviv, Israel

 

Manerva, a platform developer that offers multilingual models, speech-to-text and text-to-speech capabilities, translation services, and conversational AI agents across Indian languages, along with flexible deployment options including private cloud and on-premise environments, raises $27MM Series A from U.S. Venture Partners.

Video (4,252) • Palo Alto, CA • Post-Money Valuation

 

Standard Bots, a firm that manufactures robotic arms intended to automate tasks on the industrial customers, raises $200MM Series C from RoboStrategy.

Robotics (1,499) • Glen Cove, NY • Post-Money Valuation

 

MainFunc, a developer of an AI search engine that generates custom pages, called Sparkpages, in real-time based on user queries, providing comprehensive, high-quality results without the influence of business biases or SEO-driven content, raises $100MM Series B from Sozo Ventures.

Generative AI (510) • Palo Alto, CA • Post-Money Valuation

Cellares, a life sciences technology company that automates cell therapy manufacturing, raises $50MM Series D from Prime Radiant Partners.

Life Sciences (1,528) • South San Francisco, CA • Post-Money Valuation

 

Podium Automation, a company that designs and manufactures custom industrial control panels using software-enabled design and automated fabrication to reduce lead times and accelerate industrial automation projects, raises $18MM Series A from Construct Capital.

Automation (3,810) • Brooklyn, NY • Post-Money Valuation

 

Radical Numerics, a firm that develops AI-based systems designed to enable recursive self-improvement in machine learning, raises $10MM Seed from Emergence Capital Partners.

Big Data (2,642) • Menlo Park, CA • Post-Money Valuation

 

Otsuka America completes acquisition of Transcend Therapeutics, a biotechnology company that develops psychoactive therapeutics for neuropsychiatric diseases.

Life Sciences (1,528) • New York, NY • Deal

 

Medtronic acquires Scientia Vascular, a company that develops endovascular medical devices intended for neuro, peripheral and coronary vascular access applications.

Neuroscience (221) • West Valley City, UT • Deal
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