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Why Medium is opting out of AI

Why Medium is opting out of AI
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
October 12, 2023

What We're Reading

Trending Companies

Headway, a company that provides software to connect patients to therapists and therapists to insurance companies so therapists can offer more affordable care while also having an easy way to submit insurance claims online, raises $125MM Series C from Spark Capital.

Insurtech • New York, NY • Post-Money Valuation


Centro, a developer of supply chain and inventory software solutions, raises $2MM Pre-Seed from Ripple Ventures.

Software • Ontario, Canada


Rabbit, an AI company developing a personalized operating system that feels more intuitive, friendly, and powerful, raises $20MM Khosla Ventures.

Artificial Intelligence • Los Angeles, CA • Post-Money Valuation


Lemurian Labs, a firm that provides computing solutions with a platform for AI applications, raises $9MM Seed from Oval Park Capital.

Artificial Intelligence • Menlo Park, CA • Post-Money Valuation


Aampe, a developer of an AI-powered messaging platform that focuses on transforming customer communication into a retention growth engine through personalized messaging and communication automation, raises $7.5MM Pre-Series A from Matrix Partners India.

Artificial Intelligence • Cary, NC • Post-Money Valuation


Diana Health, a company that provides women's health practices working in partnership with hospitals to reimagine the way maternity and women's healthcare is delivered, raises $34MM Series B from Norwest Venture Partners.

Health Care Services • Smyrna, TN • Post-Money Valuation


Concentric Educational Solutions, a firm that provides and operates education support systems intended to offer resources to address barriers impacting students, families and staff, raises $5MM Series A from New Markets Venture Partners.

Enterprise Software • Baltimore, MD • Post-Money Valuation


Saleo, a company that offers SaaS products designed to help software companies create demos, raises $13MM Equity Funding from Emergence Capital.

SaaS • Atlanta, GA • Post-Money Valuation


Observe, a software company that provides data management software, raises $50MM Series A3 from Sutter Hill Ventures.

Data Management • San Mateo, CA • Post-Money Valuation


Velostics, a software & internet services company specializing in automating inbound logistics and order entry processes for terminals, warehouses and plants, raises $1.95MM Seed from Starboard Star.

Software • Houston, TX • Post-Money Valuation


Ounce, a company that provides care coordination, benefit enrollment and wraparound services to residents of affordable housing, raises $5.2MM Seed from Meridian Street Capital.

Community • Washington, DC • Post-Money Valuation


Rethink Compliance, a company that offers advisory services, raises $2MM Equity Funding from Cypress Growth Capital.

Advisory • Westminster, CO • Post-Money Valuation

Lumifi acquires Castra, a firm that provides threat detection and cyber security services.

Cyber Security • Chapel Hill, NC • Deal


Hexatronic Group acquires USNet, a company that provides standardized, expertly designed, stable infrastructure solutions to support clients.

Data Centers • Arlington, TX • Deal


Milton Street Capital acquires Purge Rite, a firm that offers mechanical flushing services.

Plumbing • Willis, TX • Deal


DSS acquires ADS System Safety Consulting, a consulting firm that offers risk-based system safety, system security, and fire and life services.

Consulting • Baltimore, MD • Deal


Lovell Minnick Partners invests in S&S Health, a healthcare administration company.

Administrative Services • Mason, OH • Deal


Berkshire Partners invests in TowerNorth, a company that develops, owns and operates mission critical wireless infrastructure.

Infrastructure • West Bridgewater, MA • Deal


SK Capital acquires Milestone Environmental Services, a provider of waste management services, specializing in the responsible disposal and management of oilfield waste, helping energy companies reduce their carbon footprint through efficient waste solutions.

Waste Management • Houston, TX • Deal


Bonadio Group to merge with Howard, a CPA firm that provides audit, assurance, tax planning and compliance services.

Accounting • Dallas, TX • Deal

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