Parallel Systems is building autonomous electric rail

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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.
April 14, 2025

What We're Reading

Trending Companies

 

Tailscale, a software company that provides zero-configuration virtual private networks (VPNs) for secure connectivity, raises $160MM Series C from Accel Partners.

Network Security • Toronto, Canada

 

Adaptis, a company that develops a decision-support software solution for optimal decarbonization planning of existing buildings, as part of renovations, retrofits, and adaptive reuse, and circularity planning in new construction, raises $4MM Seed from Building Ventures.

Environmental • Toronto, Canada


Anecdotes, a company that serves as an operating system for their clients compliance journey, raises $55MM Equity Funding from Glilot.

Compliance • Palo Alto, CA • Post-Money Valuation

 

Octane Security, a company that develops an offensive security platform that enables web3 dev teams to stress-test their code and deploy faster, raises $6.8MM Seed from Winklevoss Capital.

Cyber Security • San Francisco, CA • Post-Money Valuation

 

SecondWave, a company that develops novel, ultrasound-based wearable neuromodulation platform, raises $7MM Series A from Treo Ventures.

Wearables • Minneapolis, MN • Post-Money Valuation

 

Global Gaming, a gaming entertainment league where celebrity owned teams compete LIVE in-person playing both new and retro video games, raises $10MM Equity Funding from Solyco Capital.

Games • Las Vegas, NV • Post-Money Valuation

 

Plug Technologies, an online auction that facilitates wholesale buying and selling of used EVs, raises $6.7MM Seed from Autotech Ventures.

Electric Vehicle • Culver City, CA • Post-Money Valuation

 

Luzern, a company that provides end-to-end captive insurance services, raises $12MM Series A from Caffeinated Capital.

Insurance • New York, NY • Post-Money Valuation

 

Pax AI, a company that develops an AI-powered duty drawback, raises $4.5MM Seed from Initialized Capital.

Artificial Intelligence • San Francisco, CA • Post-Money Valuation

 

Solu, a precision-medicine company developing therapeutics to eliminate disease-driving cells in cancer, immunology and autoimmunity, raises $41MM Series A from Longwood Fund.

Drug Research • Boston, MA • Post-Money Valuation

 

 

Diamo, a company that develops an all-in-one revenue engine built for independent hotels, raises $4MM Seed from iNovia Capital.

Revenue Cycle Management • New York, NY • Post-Money Valuation

 

Springtail, a company that develops scaling software for a relational database management system (DBMS), raises $2.5MM Pre-Seed Funding from Gradient Ventures.

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

 

Vaxess, a life science company that develops novel vaccine formulations and delivery technologies based on its proprietary silk platform, raises $9MM Equity Funding from Engine Ventures.

Drug Research • Cambridge, MA • Post-Money Valuation

 

Remedy Scientific, an environmental remediation technology firm, raises $11MM Seed from Eclipse VC.

Remediation • Alameda, CA • Post-Money Valuation

 

Cargado, a developer of a software platform for the cross-border logistics sector, raises $12MM Series A from LGVP.

Logistics • Chicago, IL • Post-Money Valuation

 

solix, a provider of a physical infrastructure network designed for users to share and monetize their excess bandwidth, raises $29.5MM Seed from Eclip Foundation.

Network Infrastructure • New York, NY • Post-Money Valuation

 

Artisan, a company that develops a sales platform designed to automate outbound sales, design and marketing process, raises $25MM Series A from Glade Brook Capital.

Sales Enablement • San Francisco, CA • Post-Money Valuation

 

Olympus Partners acquires PAI Pharma, an oral generic liquids manufacturer of ready-to-dose cups and oral liquids bottles.

Pharmaceuticals • Greenville, SC • Deal

 

LongueVue Capital invests in Daedalus, an engineering company that focuses on custom panel manufacturing and building management system solutions.

Industrial Manufacturing • Easley, SC • Deal

 

New Mountain Capital invests in Thoughtful Automation, an artificial intelligence (AI)-powered revenue cycle automation company.

Revenue Cycle Management • Austin, TX • Deal

 

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