OpenAI calls DeepSeek ‘state-controlled,’ calls for bans

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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.
March 17, 2025

What We're Reading

  • OpenAI calls DeepSeek ‘state-controlled,’ calls for bans on ‘PRC-produced’ models [TechCrunch]
  • UK’s secret iCloud backdoor order triggers civil rights challenge [TechCrunch]
  • Android is adding Auracast support, which allows hearing aids to connect to public audio broadcasts [TechCrunch]
  • Waymo was slapped with nearly 600 parking tickets last year in SF alone [TechCrunch]

Trending Companies
 

Nirvana, a company that provides a transportation insurance platform intended to help fleets to improve safety and reduce costs, raises $80MM Series C from General Catalyst Partners.

Insurtech • San Francisco, CA • Post-Money Valuation

 

Uthana, a firm that develops AI-powered animation platform designed to create generative artificial intelligence models for motion, raises $4.3MM Equity Funding from IA Ventures.

Generative AI • Los Angeles, CA • Post-Money Valuation

 

Lila Sciences, a firm that develops advanced AI platforms designed to accelerate scientific discovery, raises $200MM Seed from Flagship Pioneering.

Big Data • Boston, MA • Post-Money Valuation

 

Cybereason, a company that develops cloud-based endpoint detection and cyber-security software solutions, raises $120MM Equity Funding from SoftBank.

Cyber Security • Boston, MA • Post-Money Valuation

 

Liquid Global, a fintech company developing secure payment solutions, raises $4MM Seed from Anthemis Female Innovators Lab Fund.

Fintech • Los Angeles, CA • Post-Money Valuation

 

DG Matrix, a developer of a power router platform, raises $20MM Equity Funding from Clean Energy Ventures.

Electrical • Raleigh, NC • Post-Money Valuation

 

Hawcx, a firm that develops passwordless authentication technology that leverages decentralized fingerprinting, multi-step authentication, and dynamic private key regeneration, raises $3MM Equity Funding from Engineering Capital.

Cyber Security • Los Altos, CA • Post-Money Valuation

 

Capture6, a company that develops a carbon dioxide removal technology, raises $27.5MM Series A from Tetrad.

CleanTech • Berkeley, CA • Post-Money Valuation

 

Celestial AI, a photonic fabric company that offers solutions to provide independent scalability of compute and memory resources, raises $250MM Series C-1 from Fidelity Management and Research.

Semiconductors • Santa Clara, CA • Post-Money Valuation

 

Liminal Experiences, a gaming firm dedicated to leveraging artificial intelligence to empower human-centered creativity, raises $5.8MM Equity Funding from Bitkraft Ventures.

Games • Santa Monica, CA • Post-Money Valuation

 

 

NeoGenomics acquires Pathline, a firm that offers anatomic pathology and hematopathology testing services.

Life Sciences • Ramsey, NJ • Deal

 

Kenect acquires Auto Labs, a firm that offers AI-powered service scheduling and automation services.

Big Data • Austin, TX • Deal

 

Applied Aerospace acquires Nexolve Holding, a firm that designs and manufactures aerospace products and high-performance polymer materials for electronics, display, and spaceborne applications.

Design • Huntsville, AL • Deal

 

TPG Capital invests in BVI Medical, a company which partners with ophthalmic surgeons to improve the vision of millions of patients across the globe.

Medical Devices • Waltham, MA • Deal

 

ServiceNow intends to acquire Moveworks, a firm that develops AI platform purpose-built to solve employees' support issues, from IT tickets to HR requests to policy questions.

SaaS • Mountain View, CA • Deal

 

QuEST Global acquires Alpha-Numero, a firm that offers analytics service offerings, industry analytics solutions, analytics delivery models, BI technologies, and other related services.

IT Consulting • Irvine, CA • Deal

 

Skyline Roofing Partners acquires Classic Roofing, a residential roofing firm that offers offers roof installation and repairs, integrated solar panels, siding, inspection and insurance claims.

Roofing • Clearwater, FL • Deal

 

Skyline Roofing Partners acquires John Hogan, a firm that offers residential and commercial roofing services, offering roof installation, repair, replacement, and maintenance, utilizing advanced roofing techniques, to ensure long-lasting protection against harsh weather conditions.

Roofing • Clearwater, FL • Deal

 

Americana Partners acquires Boulevard Family Wealth, a firm that provides wealth management services, tailors investment strategies, and implements financial plans.

Financial Planning • Beverly Hills, CA • Deal

 

Chartbeat acquires FatTail, a firm that develops advertising revenue management software platform.

AdTech • Calabasas, CA • Deal

 

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