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IBM taps AI to translate COBOL code to Java

IBM taps AI to translate COBOL code to Java
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
August 24, 2023

What We're Reading

  • IBM taps AI to translate COBOL code to Java [TechCrunch] 
  • Meta plans to roll out default end-to-end encryption for Messenger by the end of the year [TechCrunch] 
  • WhatsApp now lets users create groups without names [TechCrunch] 
  • Twitch starts testing a TikTok-like clips feed to boost discovery [TechCrunch] 

Trending Companies


Caden, a company that developed an open data-sharing platform designed to control and monetize personal data, raises $15MM Series A from Nava Ventures.

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


P6 Technologies, a firm that develops and provides product life cycle assessment software, raises $3.25MM Seed from Goose Capital.

Software Development • Spicewood, TX • Post-Money Valuation


Pivotal Commware, a firm that offers software-defined antennas and radios that use holographic beamforming to increase network speed and capacity, raises $102MM Series D from Gates Frontier.

Wireless • Bothell, WA • Post-Money Valuation


SportsVisio, an AI-powered software firm bringing image-based and deep learning to the sports analytics space, raises $3MM Seed from Sapphire Sport.

Artificial Intelligence • Dunbarton, NH • Post-Money Valuation


Micronotes, a cloud-based big data, analytics, and digital engagement solutions to financial institutions, raises $2MM Series C from BankTech Ventures.

Fintech • Cambridge, MA • Post-Money Valuation


D’Amelio Brands, a firm that creates fashion and beauty products, raises $5MM Equity Funding from Fifth Growth Fund.

Fashion • San Mateo, CA • Post-Money Valuation


Dinari, a company that provides a blockchain-powered stock trading platform, raises $7.5MM Seed from Third Kind Venture Capital.

SaaS • Palo Alto, CA • Post-Money Valuation


Longevo, a company that provides a preventative health, fitness, and wellness platform for individuals and corporations, raises $5.5MM Equity Funding from Grupo Valora.

Health Care Technology • Miami, FL • Post-Money Valuation


Shuttle Labs, an AI-first block data search engine that leverages LLMs to make blockchains understandable, raises $2.3MM Seed from SALT.

SaaS • New York, NY • Post-Money Valuation


Jinx, a company that produces modern dog nutrition products designed to deliver essential nutrients through a balanced diet, raises $17.85MM Series B from The Merchant Club.

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


BitGo, a company that operates a digital asset management platform intended to make digital currencies usable for business in a regulated economy, raises $100MM Series C from undisclosed investors.

API • Palo Alto, CA • Post-Money Valuation


ProjectDiscovery, a company that builds a range of software for security engineers and developers, raises $25MM Series A from CRV.

Software • San Francisco, CA • Post-Money Valuation

Metabase Q, a company that protects organizations from financial and reputational losses with smarter cybersecurity, raises 3MM Series A from SYN Ventures.

Information Management • San Francisco, CA • Post-Money Valuation


The Contract Network, a company that developed a collaboration platform focused on radically accelerating contract negotiations, raises $8MM Seed from Tusk Venture Partners.

SaaS • Atlanta, GA • Post-Money Valuation


Arpio, a company that protects Amazon Web Services environments from catastrophic events, raises $8.2MM Equity Funding from S3 Ventures.

Cyber Security • Durham, NC • Post-Money Valuation


Orbita acquires Wellbe, a digital health and medical firm that provides patients the navigation for specialty care.

Specialty Care • Madison, WI • Deal


Thrust Capital Partners invests in Dishon, a manufacturer of complex machined components and assemblies.

Machinery • Ontario, Canada • Deal


Securitize acquires Onramp, an iPaaS technology company that provides access to crypto assets for RIAs.

Platform-as-a-Service (PaaS) • San Diego, CA • Deal


Sciens Building Solutions acquires Christian Cable Group, a company that provides installation and services of life safety systems.

Engineering • Haslet, TX • Deal


Spectrum Equity invests in VBA, a company that developed a customizable and comprehensive enterprise application used to administer benefits.

Claims Processing • Germantown, WI • Deal

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