IBM pledges to spend $150B in the US over the next few years

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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 29, 2025

What We're Reading

  • IBM pledges to spend $150B in the US over the next few years [TechCrunch]
  • Bluesky launches blue check verification [TechCrunch]
  • ChatGPT is referring to users by their names unprompted, and some find it ‘creepy’ [TechCrunch]
  • Instagram is using AI to find teens lying about their age and restricting their accounts [TechCrunch]

Trending Companies

Avidicure, a biotech firm that pioneers an entirely new multifunctional antibody modality with broad applicability in oncology, raises $50MM Seed from EQT Life Sciences.

Oncology • Oegstgeest, Netherlands

 

Granite Bio, a company that develops treatments for inflammation, autoimmunity and fibrosis, raises $70 Series B from Forbion Capital Partners.

Life Sciences • Basel, Switzerland

 

Irrigreen, a firm that develops robotic irrigation systems, raises $19MM Series A from Natural Ventures.

Irrigation • Edina, MN • Post-Money Valuation

 

Sentra, a cloud-native data security company for the AI era, raises $50MM Series B from Key1 Capital.

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

 

Lace, a company that operates an online video socialization platform intended to help companies onboard their team members, raises $14MM Seed from Bek Ventures.

Artificial Intelligence • Mountain View, CA • Post-Money Valuation

 

Kollegio, a company that develops an artificial intelligence and data-driven assistance platform designed for students, schools, and colleges, raises $2.8MM Seed from Reach Capital.

EdTech • Stanford, CA • Post-Money Valuation

 

Exowatt, a firm that produces modular full-stack energy solutions that can provide dispatchable power and heat, raises $35MM Series A from Felicis Ventures.

Artificial Intelligence • Miami, FL • Post-Money Valuation

 

VanishID, a company that offers cybersecurity solutions, raises $10MM Equity Funding from Dell Technologies Capital.

Big Data • Chevy Chase, MD • Post-Money Valuation

 

Listen Labs, a firm that develops AI-based interviewers designed to get insights from customers, raises $27MM Series A from Sequoia Capital.

SaaS • San Francisco, CA • Post-Money Valuation

 

Steadily, a provider of property insurance products to landlords, raises $30MM Series C from Matrix Partners.

Insurtech • Austin, TX • Post-Money Valuation

 

 

Omnidian, a solar asset management firm that provides end-to-end asset performance management for commercial systems and large residential lease providers, raises $87MM Equity Funding from B Capital Group.

CleanTech • Seattle, WA • Post-Money Valuation

 

Synthetic Design Lab, an Antibody-Drug Conjugate (ADC) company developing a novel SYNTHBODY therapeutic platform against a range of cancer types, raises $20MM Seed from Playground Global.

Oncology • Burlingame, CA • Post-Money Valuation

 

Northwood Space, a company building an advanced, scalable ground network powered by phased array technology to deliver enhanced connectivity and resilience for space operations, raises $30MM Series A from Andreessen Horowitz.

Space • El Segundo, CA • Post-Money Valuation

 

Ravenna, a firm that provides AI-powered, slack-first helpdesk for internal IT and Operations teams, raises $15MM Seed from Khosla Ventures.

Analysis • Seattle, WA • Post-Money Valuation

 

ALT Sports Data, a company that supplies official data from emerging and non-mainstream sports intended to provide proprietary sports trading and customer data focused on alternative sports disciplines, raises $5MM Equity Funding from Relay Ventures.

Data Collection • Carlsbad, CA • Post-Money Valuation

 

Filevine acquires Parrot, a company that develops a full-stack platform for transcribing, scheduling, and managing depositions.

Legal Tech • New York, NY • Deal

 

CardioOne acquires CardioDioagnostics, a medical tech firm that offers cloud-based solutions for the diagnosis and management of cardiovascular diseases.

SaaS • Campbell, CA • Deal

 

MPE Partners acquires Intermatic, a manufacturer of time-based energy control products.

Industrial Products • Libertyville, IL • Deal

 

Centauri Health acquires MedAllies, a provider of vital health information to impact care by operating multiple national networks supporting interoperability for all healthcare constituents.

Enterprise Software • Fishkill, NY • Deal

 

Burrell Communications acquires Fitzco, a full-service marketing agency which offers strategy, creative, and media planning.

Marketing • Atlanta, GA • Deal
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