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OpenAI’s head of trust and safety steps down

OpenAI’s head of trust and safety steps down
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
July 24, 2023

What We're Reading

  • OpenAI’s head of trust and safety Dave Willner steps down [TechCrunch] 
  • Twitter is prepping a job listings feature for verified organizations [TechCrunch] 
  • SpaceX’s Swarm Technologies is halting new device sales [TechCrunch] 
  • Apple warning it could shut FaceTime, iMessage in UK over gov’t surveillance policy adds to growing tech industry discontent [TechCrunch] 

Trending Companies


Anduin, a company that developed a platform to streamline and transform the limited partner experience for their clients, raises $15.6MM Series B from 8VC.

Fintech • Los Altos, CA • Post-Money Valuation


Figure, a company that develops a general-purpose bipedal humanoid robot, raises $9MM Equity Funding from Intel Capital.

Robotics • Sunnyvale, CA • Post-Money Valuation


Spline, a software developer that designs 3D websites, raises $15MM Seed from Gradient Ventures.

Software Development • Middletown, DE • Post-Money Valuation


Tractable, a company that develops artificial intelligence systems for accident and disaster recovery, raises $65MM Series E from Softbank Vision Fund 2.

Artificial Intelligence • London, United Kingdom


Renibus Therapeutics, a company developing products for cardiorenal diseases, raises $47MM Series B from undisclosed investors.

Drug Research • Southlake, TX • Post-Money Valuation


Defender Pharmaceuticals, a life sciences firm that develops new drugs for first responders, military applications and civilians, raises $70MM Equity Funding from undisclosed investors.

Drug Research • Tampa, FL • Post-Money Valuation


Musinsa, a company that offers an online fashion platform, raises $190MM Series C from KKR.

E-Commerce • Seoul, South Korea


Sylvera, a company that provides a carbon intelligence platform, raises $57MM Series B from Balderton Capital.

SaaS • London, United Kingdom


Resemble AI, a software development company that provides a deep learning program for creating artificial human voices, raises $8MM Series A from Javelin Venture Partners.

Generative AI • Ontario, Canada


Bureau, a software developer that offers security against new age cyber fraud, raises $4.5MM Series A from GMO Venture Partners.

Fraud Protection • San Francisco, CA • Post-Money Valuation


Since last week, PrivCo has added or updated:
1706 Companies |107 Funding Rounds | 130 M&A Deals


Hammerspace, a firm that develops cloud-based data storage solutions, raises $56.7MM Equity Funding from Prosperity7 Ventures.

SaaS • San Mateo, CA • Post-Money Valuation


Prospective, a company that developed an interactive analytics and data visualization tool for large and streaming datasets, raises $6MM Seed from Point72 Ventures.

Data Processing • New York, NY • Post-Money Valuation


Netcraft, a company that provides cybercrime detection and disruption solutions that enable the company to take down cybercrime, raises $100MM Equity Funding from Spectrum Equity.

Cyber Security • Bath, United Kingdom


Metafold, a developer of design for additive manufacturing (DfAM) cloud-based software, raises $1.78MM Seed from Differential Ventures.

3D Printing • Ontario, Canada


Incline Equity Partners acquires GME Supply, a distributor and supplier of contractor equipment and industrial supplies.

Industrial Products • Columbia, MO • Deal


Medical Device acquires NextPhase Medical Devices, a firm that provides design, engineering, development and manufacturing of capital equipment and single-use disposable devices.

Contract Manufacturing • Rochester, NH • Deal


Graybar acquires Shepherd Electric Supply, a wholesale electrical distributor company.

Electronic Components • Baltimore, MD • Deal


Pavion acquires K&J Integrated Systems, a full-service fire, security and electrical integrator.

Fire Protection • Burlington, MA • Deal

Novartis acquires DTx Pharma, a biotechnology company leveraging fatty acids as targeting ligands to enable RNA medicines for novel therapeutic areas.
Drug Research • San Diego, CA • Deal

BioIVT acquires PrecisionMed, a company that operates as a human biobank wherein it collects, banks, and markets human genetic material, including proteins and metabolites.
Biotechnology • Carlsbad, CA • Deal

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