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Cloud revenue accelerates 21% to $76 billion

Cloud revenue accelerates 21% to $76 billion
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
May 6, 2024

What We're Reading

  • Cloud revenue accelerates 21% to $76 billion for the latest earnings cycle [TechCrunch]
  • Google dubs Epic’s demands from its antitrust win ‘unnecessary’ and ‘far beyond the scope’ of the verdict [TechCrunch]
  • Rivian wins $827M incentive package to expand Illinois factory for R2 production [TechCrunch]
  • Apple earnings see 10% iPhone sales drop, massive buyback fuels stock jump [TechCrunch]

Trending Companies


Ansa, a company that develops a digital wallet infrastructure platform for merchants, raises $14MM Series A from Renegade Partners.

Fintech • San Francisco, CA • Post-Money Valuation


SafeBase, a developer of a software platform that enables security and sales teams to proactively share and automate access to security, compliance and privacy information, raises $33MM Series B from Touring Capital.

Software • San Francisco, CA • Post-Money Valuation


beehiiv, a developer of a publishing platform that allows content creators to create, publish and monetize newsletters, raises $33MM Series B from NEA.

Publishing • New York, NY • Post-Money Valuation


Inhabitr, a developer of an AI-powered furnishing platform that provides subscription, purchase, and pre-owned options in hospitality, multifamily, staging, student housing, STR, and the direct-to-consumer segments, raises $27MM Series B from Hamilton Ventures.

Artificial Intelligence • Milpitas, CA • Post-Money Valuation


LiNova Energy, a company developing ultra-high-energy batteries utilizing a polymer cathode for the EV, aerospace, and energy storage industries, raises $15.8MM Series A from Catalus Capital.

Batteries • Monrovia, CA • Post-Money Valuation


Liberate Medical, a medical device company that develops neuromuscular electrical stimulation technology to improve the health quality and reduce the cost of care for patients with pulmonary disorders, receives $6.5MM Grant from United States Department of Defense.

Medical Devices • Crestwood, KY • Post-Money Valuation


Enlaza, a healthcare technology company that enables the engineering and production of a new class of biologic drugs, raises $100MM Series A from J.P. Morgan Asset Management Life Sciences Group.

Drug Research • La Jolla, CA • Post-Money Valuation


Island, a cyber security platform that provides a secure web browser for the enterprise, raises $175MM Series D from Coatue Management.

Cyber Security • Dallas, TX • Post-Money Valuation


Arris Composites, a company that develops additive molding, a patented technology for manufacturing 3D-aligned continuous fiber thermoplastic composite parts at scale, raises $34MM Equity Funding from ST Engineering.

Additives • Berkeley, CA • Post-Money Valuation


Integrity Orthopaedics, a company providing solutions for soft tissue repair, raises $20.6MM Series B from Piper Sandler Merchant Banking.

Medical • Maple Plain, MN • Post-Money Valuation



Surf Bio, a company that focuses on developing enhanced therapeutic solutions for diabetes, oncology, infectious diseases, gene therapy, and other therapeutic areas, receives $1.6MM Grant from Bill & Melinda Gates Foundation.

Biopharmaceuticals • Palo Alto, CA • Post-Money Valuation

Whitman Controls, a company that manufactures custom-engineered industrial automation solutions, raises $4.5MM Equity Funding from Advantage Capital Partners.

Industrial Automation • Bristol, CT • Post-Money Valuation


Resonance, a company that develops a cyber security platform intended to offer cyber protection and resolution services, raises $1.5MM Pre-Seed Funding from Fabric Ventures.

Cyber Security • New York, NY • Post-Money Valuation


Baselayer, a company that develops a business intelligence platform, raises $6.5MM Equity Funding from Torch Capital.

Business Intelligence (BI) • Middletown, DE • Post-Money Valuation


Coreweave, a company that develops a cloud infrastructure platform, raises $1.1BN Series C from Coatue Management.

Blockchain • Roseland, NJ • Post-Money Valuation


Remepy, a biotechnology based healthcare and medicine improvement firm, raises $15MM from NFX.

Diagnostics • New York, NY • Post-Money Valuation


Carlin Consumer Health acquires Penetrex, a firm that develops and offers ointment intended to provide joint and muscle relief.

Personal Care • San Diego, CA • Deal


Harmony Biosciences acquires EpyGenix Therapeutics, a firm that develops a precision medicine designed to treat rare and catastrophic forms of genetic epilepsy.

Biotechnology • Paramus, NJ • Deal


Mainsail Partners invests in Apptega, a developer of cybersecurity and compliance management platform for businesses.

Compliance • Atlanta, GA • Deal


WindRose Health Investors acquires SubjectWell, a developer of a direct patient access marketplace that connects patients with relevant clinical trials and market-ready treatments.

Marketplace • Austin, TX • Deal


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