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OpenAI may give board special voting rights to ward off takeover attempts

OpenAI may give board special voting rights to ward off takeover attempts
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
February 19, 2025

What We're Reading

  • OpenAI may give board special voting rights to ward off takeover attempts [TechCrunch]
  • Fiverr wants gig workers to offload some of their work to AI [TechCrunch]
  • X doubles its Premium+ plan prices after xAI releases Grok 3 [TechCrunch]
  • Meta announces LlamaCon, its first generative AI dev conference [TechCrunch]

Trending Companies

 

Klook, a company that develops a travel activities and services booking platform, raises $100MM Equity Funding from Vitruvian Partners.

Travel • Hong Kong, Hong Kong

 

Coral Health, a company that develops a women's digital health platform, raises $4.1MM Seed from Brightspark Ventures.

Women Health • Montreal, Canada

 

Alliance North, a company that provides air compressors and generators, raises $50MM Equity Funding from S2G Investments.

Generators • Henderson, NV • Post-Money Valuation

 

Gaia Dynamics, a company that develops a regulatory platform designed to transform global trade compliance into an accurate and profitable experience, raises $1.5MM Pre-Seed Funding from AI Fund.

Regulatory Compliance • Palo Alto, CA • Post-Money Valuation

 

Lingopal, a company that develops AI-powered video translation and localization solutions, raises $14MM Series A from DCM.

Translation • New York, NY • Post-Money Valuation

 

Abcuro, a company that develops immunomodulatory therapeutics designed for treating both autoimmunity and cancer, raises $200MM Series C from New Enterprise Associates.

Therapeutics • Newton, MA • Post-Money Valuation

 

Chestnut Carbon, a company that develops nature-based projects to generate carbon removal credits and support net-zero initiatives, raises $160MM Series B from Canada Pension Plan Investment Board.

CleanTech • New York, NY • Post-Money Valuation

 

Lucidity, a company that develops a storage platform designed to automate cloud infrastructure management, raises $21MM Series A from WestBridge Capital.

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

 

Terrain Biosciences, a company that accelerates RNA-based therapeutics and vaccine development using AI and proprietary platforms, raises $9MM Seed from Magnetic Ventures.

Life Sciences • Cambridge, MA • Post-Money Valuation

 

Mast Reforestation, a tech-led reforestation company that provides seedling, project management, and carbon removal credits for forests, raises $25MM Series B from Social Capital.

Forestry • Seattle, WA • Post-Money Valuation

 

Oso, a company that develops chipsets for next generation wireless communication and sensing applications, raises $5.2MM Seed from Engine Ventures.

Electronic Components • Mountain View, CA • Post-Money Valuation

 

QuEra, a company that provides neutral-atoms-based quantum computing, raises $230MM Equity Funding from GV.

Quantum Computing • Boston, MA • Post-Money Valuation

 

Suger, a firm that offers a sales platform for cloud marketplaces, raises $15MM Series A from Threshold Ventures.

Marketplace • Daly City, CA • Post-Money Valuation

 

Keragon, a company that operates a healthcare integration and automation platform intended to simplify and automate healthcare workflows, raises $7.5MM Seed from Upfront Ventures.

System Integration • Boston, MA • Post-Money Valuation

 

eBay acquires Caramel, a company that operates a car checkout platform designed for buying and selling of cars.

Marketplace • Encino, CA • Deal

 

Custom Veterinary acquires Green Mountain, a contract manufacturer of custom animal supplements & treats.

Pet Products • Milton, VT • Deal

 

Relevant Solutions acquires Controlled Fluids, an industrial fluid power and lubrication systems distributor with systems design, fabrication, and component repair capabilities.

Industrial Distribution • Beaumont, TX • Deal

 

Mint House acquires Locale, a company that operates a diverse, nationwide portfolio of short and long-term furnished apartments and apartment-hotels.

Rental Property • Austin, TX • Deal

 

TE Connectivity intends to acquire Richards Manufacturing, a manufacturer of precision machine components and equipment.

Machinery • Irvington, NJ • Deal

 

Federal Signal acquires Waterblasting Technologies, a manufacturer of marking removal and pavement maintenance equipment.

Equipment • Stuart, FL • Deal

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