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Investors are growing increasingly wary of AI

Investors are growing increasingly wary of AI
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
April 16, 2024

What We're Reading

  • Investors are growing increasingly wary of AI [TechCrunch]
  • Bluesky is now allowing heads of states to sign up [TechCrunch]
  • Meta to close Threads in Turkey to comply with injunction prohibiting data sharing with Instagram [TechCrunch]
  • Tesla execs Drew Baglino and Rohan Patel leave as company lays off 10% [TechCrunch]

Trending Companies


Cyera, a developer of a data security platform for businesses, raises $300MM Series C from Coatue Management.

Cloud • New York, NY • Post-Money Valuation


Libretto, a firm that offers new tools for LLM developers, raises $3.7MM Seed from XYZ VC.

Large Language Model • Brooklyn, NY • Post-Money Valuation


Rally, a firm that develops a user research CRM that gives teams access to their user base to run and manage the end-to-end research process, raises $8.8MM Seed from Stage 2 Capital.

Customer Relationship Management (CRM) • New York, NY • Post-Money Valuation


Wonderbelly, a company that provides digestive health products and solutions, raises $21MM Series A from Loft Growth Partners.

Medicine • Austin, TX • Post-Money Valuation


Pinch, a firm that offers in-home medical spa treatments, raises $3.5MM Seed from Starting Line.

Beauty • Evanston, IL • Post-Money Valuation


Adro, a company that provides financial services designed for international students and workers, raises $1.5MM Pre-Seed from Era.

Fintech • New York, NY • Post-Money Valuation


Leasecake, a company that offers a real estate application which offers commercial real estate services, raises $10MM Series A from PeakSpan Capital.

SaaS • Winter Park, FL • Post-Money Valuation


KIKI World, a company that manufactures beauty products, raises $7MM Equity Funding from a16z crypto.

Personal Care • Los Angeles, CA • Post-Money Valuation


Juicer, a company that offers a real-time revenue management solution for restaurants, raises $5.3MM Seed from York IE.

Revenue Cycle Management • San Francisco, CA • Post-Money Valuation


HarbourView Equity Partners invests in Mucho Mas Media, a firm that operates a multimedia firm intended to empower and support inclusive stories, and concept contents.

Entertainment • Los Angeles, CA • Deal



King Ranch acquires Cobalt Cattle, a firm that operates a cattle feeding services.

Consumer Services • Garden City, KS • Deal


Quantix acquires Space City Services, a firm that offers transportation and container rental services.

Logistics • Houston, TX • Deal


Multiverse acquires Searchlight, a firm that develops talent intelligence platform intends for Ethical AI to build high-performing teams and offers a bias-free AI that finds top applicants, assesses candidates, and validates quality of hire.

Human Resources • San Francisco, CA • Deal


Salas O'Brien Engineers acquires I. C. Thomasson Associates, a multidisciplinary engineering consulting firm.

Engineering • Nashville, TN • Deal


Vallen Distribution acquires Wesco Integrated Supply, a firm that provides integrated supply and indirect materials outsourcing services.

Business Process Outsourcing • Uniondale, NY • Deal


Restaurant365 acquires ExpandShare, a provider of a proprietary learning management system built for restaurants.

E-Learning • Akron, OH • Deal


Cobalt Service Partners acquires Automated Door Ways, a firm that offers industrial door repair and replacement services.

Repair & Maintenance • Columbus, GA • Deal


Cobalt Service Partners acquires Toepfer Security, a firm that provides video surveillance, access control, intrusion detection, intercom, emergency call stations, cameras, alarm monitoring, locksmithing, door and covert services.

Security Systems • Waukesha, WI • Deal


Cobalt Service Partners acquires Industrial Door Company, a firm that distributes commercial and industrial doors.

Windows & Doors • Sacramento, CA • Deal


CG Life acquires Toolhouse, a digital agency specializing in helping biopharma companies create more meaningful, measurable connections with patients and physicians.

Digital Media • Bellingham, WA • Deal


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