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Elon Musk’s AI company, xAI, launches an API for Grok 3

Elon Musk’s AI company, xAI, launches an API for Grok 3
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
April 11, 2025

What We're Reading

  • Elon Musk’s AI company, xAI, launches an API for Grok 3 [TechCrunch]
  • Canoo CEO can buy bankrupt EV startup’s assets, judge rules [TechCrunch]
  • Threads is testing a feature that lets you follow the same creators you follow on X [TechCrunch]
  • A Waymo robotaxi got trapped in Chick-fil-A drive-through [TechCrunch]

Trending Companies

 

Contxtful, a company that develops an analytics platform designed to measure human interactions without invading privacy, raises $1.9MM Equity Funding from NJP Ventures.

AdTech • Montreal, Canada

 

Corinex, a company that develops a broadband-power-line technology designed to transform electric grids into smart energy networks, raises $30MM Equity Funding from Suma Capital.

CleanTech • Vancouver, Canada

 

Haball, a company that provides an automated platform for order processing, invoicing, and payments, raises $52MM Series A from Zayn VC.

Payment Processing • Karachi, Pakistan

 

Sipay, a company that provides payment, e-money and embedded finance solutions, raises $78MM Series B from Elephant Venture Capital.

Fintech • Istanbul, Turkey


Stramsen Biotech, a firm that develops plant-based medicines intended to treat a wide range of infectious and noninfectious diseases, raises $10MM Equity Funding from GEM.

Biotechnology • Houston, TX • Post-Money Valuation

 

Rescale, a company that develops cloud-based infrastructure platform designed to facilitate scientific and engineering simulations, raises $115MM Series D from Applied Ventures.

Simulation • San Francisco, CA • Post-Money Valuation

 

Silicon Ranch, a solar energy company that develops and operates utility scale solar facilities, raises $500MM Equity Funding from AIP Management.

Solar • Nashville, TN • Post-Money Valuation

 

SigIQ.ai, a company that operates an information technology intended to accelerate human intelligence services, raises $9.5MM Equity Funding from The House Fund.

Information Technology • Berkeley, CA • Post-Money Valuation

 

Spektion, a company that develops runtime-based vulnerability management tools designed to proactively manage and mitigate software risks, raises $5MM Seed from Live Oak Ventures.

Risk Management • Dripping Springs, TX • Post-Money Valuation

 

Corsha, a developer of cloud-based streaming authentication software, raises $18MM Series A-1 from SineWave Ventures.

Cyber Security • Vienna, VA • Post-Money Valuation

 

Optilogic, a firm that provides supply chain design software solutions, raises $40MM Series B from NewRoad Capital Partners.

Supply Chain Management • Ann Arbor, MI • Post-Money Valuation


Merida, a biotechnology firm that develops a new class of precision therapeutics, raises $121MM Series A from BVF Partners.

Life Sciences • Cambridge, MA • Post-Money Valuation

 

RESA Power acquires Commercial Switchgear, a manufacturer of protection, control units, and electrical power distribution equipment.

Industrial Manufacturing • Vaughan, Canada

 

HIG Capital acquires GetixHealth, a company that operates in the health care services industry.

Practice Management • Sugar Land, TX • Deal

 

Earth Finance acquires Climate Engine, a company that provides combining earth systems, finance, and computing services.

Environmental Engineering • Reno, NV • Deal

 

Nielsen intends to acquire Gastrograph, a company that develops sensory analytics software designed to help food producers understand consumer needs.

Artificial Intelligence • New York, NY • Deal

 

Clarion Security acquires Federal Alarm, a company that provides home security, business security, fire alarm system, and video surveillance services.

Security Systems • Memphis, TN • Deal

 

Urbint acquires StormImpact, a company that develops cloud computing software.

Data Analytics • Dublin, OH • Deal

 

Prospera acquires Cutter & Company, an independent financial advisory firm.

Financial Services • Ballwin, MO • Deal

 

McKesson completes the acquisition of Prism Vision, a company that provides ophthalmology and vitreoretinal services.

Eye Care • New Providence, NJ • Deal

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