Cruise to slash workforce by nearly 50%

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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.
February 5, 2025

What We're Reading

  • Cruise to slash workforce by nearly 50% after GM cuts funding to robotaxi operations [TechCrunch]
  • LinkedIn amps up vertical video tools as uploads jump 36% [TechCrunch]
  • Opera launches a mindfulness-focused browser with break reminders and soundscapes [TechCrunch]
  • Snap unveils AI text-to-image model for mobile devices [TechCrunch]

Trending Companies

 

Finout, a firm that offers cost observability platform that lets users understand their bills and unit economics real price, breaking their cost per tenant and letting finance, development operations and financial operations regain control, raises $40MM Series C from Insight Partners.

DevOps • Tel Aviv, Israel

 

Atalanta Therapeutics, a biotechnology company focusing on new treatment options for neurodegenerative diseases by utilizing our proprietary RNA interference platform, raises $97MM Series B from EQT Partners.

Drug Research • Boston, MA • Post-Money Valuation

 

Helper Bees, a technology-driven aging-in-place platform that partners with major insurers to provide older adults with comprehensive home care solutions, allowing them to live independently, raises $35MM Series C from Centana Growth Partners.

Home Health • Austin, TX • Post-Money Valuation

 

Occipital, a company that develops mobile phone applications, raises $10MM Series A from Foundry Group.

Commercial Products • Boulder, CO • Post-Money Valuation

 

Hypori, an enterprise mobile security company. Hypori offers security and management solutions that protect corporate apps and data on personal mobile devices, helping enterprises address the growing mobile BYOD "Bring Your Own Device" trend, raises $12MM Series B from Carahsoft Technology.

Cyber Security • Reston, VA • Post-Money Valuation

 

D3 Global, a technology company providing decentralized domain name solutions that integrate traditional internet domains with Web3 ecosystems, raises $25MM Series A from Paradigm.xyz.

Blockchain • Las Vegas, NV • Post-Money Valuation

 

Conifers, an artificial intelligence company focusing on advanced machine learning solutions to optimize enterprise decision-making and automation, raises $25MM Equity Funding from SYN Ventures.

Software Development • Dallas, TX • Post-Money Valuation

 

Applied Labs, an AI-focused company that develops innovative, scalable artificial intelligence solutions to enhance data-driven decision-making and operational efficiency across various industries, raises $4.2MM Seed from Abstraction Ventures.

Enterprise Software • New York, NY • Post-Money Valuation

 

Nue IO, a company that offers a revenue lifecycle platform built for modern SaaS businesses, raises $20MM Series A from iNovia Capital.

Analytics • San Francisco, CA • Post-Money Valuation

 

Motif System, a firm that develops software platform designed to revolutionize building design through seamless collaboration, intelligent processes, and dynamic modeling, raises $46MM Series A from CapitalG.

Real Time • Petaluma, CA • Post-Money Valuation

 

Final Round AI, a firm that develops human resources platform designed to help candidates prepare for and ace job interviews with its cutting-edge artificial intelligence technology, raises $6.9MM Seed from Uncork Capital.

 

EdTech • San Francisco, CA • Post-Money Valuation

 

Meteomatics, a company that develops a meteorological software intended to provide access to climate data across all timescales, raises $22MM Series C from Armira Growth.

Climatetech • Exton, PA • Post-Money Valuation

 

Qsic, a company that develops an audio management system designed to provide an automated music streaming, raises $25MM Series B from Hedosophia.

Streaming • Dallas, TX • Post-Money Valuation

 

Rad AI, a company that develops a generative artificial intelligence (AI) platform designed to focus on streamlining healthcare workflow, raises $60MM Series C from Transformation Capital.

Health Care Technology • San Francisco, CA • Post-Money Valuation

 

Rynse, a company that provides fleet management software with compliance tracking, expense management, and real-time data, raises $5MM Seed from Autotech Ventures.

Fleet Management • Magnolia, NJ • Post-Money Valuation

 

mesur.io, a company that develops a platform that calibrates and transmits relevant agricultural data for global supply chain and procurement, raises $8MM Series A from Silicon Road Ventures.

AgTech • Bozeman, MT • Post-Money Valuation

 

Frenos, a company that develops a security platform designed for enterprises to scale risk assessments, raises $3.9MM Seed from DataTribe.

Risk Management • Charlotte, NC • Post-Money Valuation

 

Thoma Bravo acquires OPEXUS, a provider of government process management software, focusing on case and workflow management solutions for public institutions.

Legal Tech • Washington, DC • Deal

 

BP Energy Partners invests in Smart Wires, a grid-enhancing technology and services provider.

Power Grid • San Francisco, CA • Deal

 

JumpCloud acquires Stack Identity, a cybersecurity company focused on identity governance and access management, helping organizations secure and manage digital identities across hybrid and multi-cloud environments.

Cyber Security • Menlo Park, CA • Deal

 
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