Snap is cutting 1,000 jobs, 16% of its workforce; Variance raises $21.5MM Series A from Ten Eleven Ventures

Daily list of private company financial insights
April 16, 2025

What We're Reading
PrivCo's Daily Stack ® is a daily financial newsletter,
where you'll find the latest fundings and deals in the private market.

Trending Companies

Midas Software, a provider of a platform for composable onchain investment products, raises $50MM Series A from RRE and Creandum.

Blockchain (1,311) • Berlin, Germany

 

Stairmed, a company that develops minimally invasive, chronically stable brain-machine interfaces for clinical use, raises ¥500MM Equity Funding from Alibaba Group Holding Ltd.

Health Care Equipment (4,905) • Shanghai, China

 

Centivax, a biotechnology company that develops vaccines and therapeutic antibodies targeting infectious diseases and venomous threats, raises $37MM Equity Funding from Structure Fund.

Drug Research (1,000) • South San Francisco, CA • Post-Money Valuation

 

Pipe Technologies, a company that provides embedded financial solutions and non-dilutive funding tools integrated directly into the software platforms that businesses use for daily operations, raises $16MM Equity Funding from Fin Capital.

SaaS (7,205) • Miami, FL • Post-Money Valuation

 

Luminai, a developer of an AI platform for health systems operations, raises $38MM Series B from Peak XV Partners.

Enterprise Software (5,992) • San Francisco, CA • Post-Money Valuation

 

CertifID, a cybersecurity and identity verification company that specializes in secure transaction verification and protection against wire fraud in real estate transactions, raises $47.5MM Series C from Centana Growth Partners.

Cyber Security (3,180) • Austin, TX • Post-Money Valuation

 

TippingPoint Biosciences, a provider of a drug discovery platform to identify treatments for diseases caused by defects in DNA packaging, which include several hard-to-treat cancers, raises $4.5MM Seed from SOSV.

Digital Health (487) • San Francisco, CA • Post Money Valuation

 

Latitude Global, a firm that develops global payment platform designed to facilitate real-time money transfers across international markets, raises $8MM Seed from New Enterprise Associates.

Fintech (3,448) • Spring, TX • Post Money Valuation

 

Whirl AI, a firm that develops an artificial intelligence platform designed to help enterprise information technology teams understand and modernize their business processes and core systems, raises $8.9MM Seed from ICONIQ Capital.

Artificial Intelligence (6,687) • San Francisco, CA • Post Money Valuation

 

Earlyasset, a developer of a critical infrastructure for the venture secondary market, raises $2MM from New Stack Ventures.

Infrastructure as a Service (IaaS) (108) • Park City, UT • Post Money Valuation

NomadicML, a firm that develops a semantic video understanding platform designed to transform raw video data into actionable insights, raises $8.4MM Equity Funding from TQ Ventures.

Software (28,031) • San Francisco, CA • Post Money Valuation

 

memQ, a quantum memory company offering semiconductor materials with novel qubit storage capabilities, raises $10MM Series A from Quantonation.

Semiconductors (1,403) • Chicago, IL • Post Money Valuation

 

Oyster Technologies, an insurance technology company that provides personal insurance through seamless point-of-sale and post-purchase experiences, raises $8MM Seed from Kearny Jackson.

Insurtech (488) • New York, NY • Post Money Valuation

 

Neurolief, a neuromodulation company dedicated to bringing relief to patients suffering from mental health and neurological disorders, raises $6MM Equity Funding from Brainsway Ltd.

Medical Devices (1,311) • Coral Springs, FL • Post Money Valuation

 

Gander Robotics, a defense and dual-use robotics company, raises $1.1MM Equity Funding from Impellent Ventures.

Robotics (1,385) • Cambridge, MA • Post Money Valuation

 

AfterQuery, a company that developed an applied research lab curating data solutions to accelerate foundation model development, raises $30MM Series A from Altos Ventures.

Software (28,031) • San Francisco, CA • Post Money Valuation

 

Membrane Technology and Research, a company that develops and produce membrane-based separation systems for the petrochemical, natural gas and refining industries, raises $27MM Equity Funding from Climate Investment.

Oil & Gas (7,263) • Newark, CA • Post Money Valuation

 

Slate Auto, an electric vehicle startup focused on manufacturing affordable, highly customizable electric pickup trucks, raises $650MM Series C from TWG Global.

Electric Vehicle (263) • Troy, MI • Post Money Valuation

 

nEye Systems, a firm that develops micro-electromechanical system-based silicon photonics optical circuit switches, raises $80MM Series C from Sutter Hill Ventures.

Application Specific Integrated Circuit (ASIC) (46) • Emeryville, CA • Post Money Valuation

 

ZRG Partners acquires Howard Fischer Associates, an executive and board search firm known for advising organizations on critical leadership decisions.

Recruitment (8,067) • Wayne, PA • Deal
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