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OpenAI’s o3 model might be costlier to run than originally estimated

OpenAI’s o3 model might be costlier to run than originally estimated
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
April 4, 2025

What We're Reading

Trending Companies

 

Marvel Fusion, a company that aims to provide clean, safe & reliable energy by developing a laser-driven fusion power plant, raises €50MM Equity Funding from EQT Ventures.

Renewable Energy • Munich, Germany

 

SturdyAI, a company that develops the AI-led customer intelligence and automation platform, sturdy which enables companies to leverage the power of AI and automation to build more durable and profitable customer relationships which improves dollar retention, raises $6MM Seed from Voyager Capital.

SaaS • Boise, ID • Post-Money Valuation

 

Atomic FI, a developer of a digital financial platform designed to manage online payroll transactions, raises $10MM Equity Funding from Capital One Ventures.

Fintech • Salt Lake City, UT • Post-Money Valuation

 

LTV.ai, a provider of an AI personalized & conversational email / SMS marketing platform, raises $5.2MM Series A from Bling Capital.

SMS • Houston, TX • Post-Money Valuation

 

Notable Systems, a firm that offers a revenue cycle automation platform for medical equipment providers, raises $12MM Series B from Grotech Ventures.

Social Network • Denver, CO • Post-Money Valuation

 

OpenTug, a company that develops a marine logistics platform dedicated to optimizing freight efficiency on inland and coastal waterways by streamlining booking, quoting and tracking, raises $2.2MM Equity Funding from Trail Mix Ventures.

Logistics • Seattle, WA • Post-Money Valuation

 

ReliaQuest, a developer of a security operations platform that automates detection, investigation and response across cloud, endpoint and on-premise tolls and applications, raises $500MM Equity Funding from EQT Partners.

Cyber Security • Tampa, FL • Post-Money Valuation

 

AIRNA, a biotech firm which specializes in RNA editing therapeutics, raises $155MM Series B from Venrock Healthcare Capital Partners.

Therapeutics • Cambridge, MA • Post-Money Valuation

 

EVident Battery, a company that develops a comprehensive and non-destructive inspection and scanning solution for EV battery packs, raises $3.2MM Seed from Ibex Investors.

Batteries • Westford, MA • Post-Money Valuation

 

airVet, a company that develops a virtual veterinary care by video or chat, raises $11MM Series B-2 from HighlandX.

Digital Health • Beverly Hills, CA • Post-Money Valuation

 

 

OpenAI, a company that develops an AI-based research and deployment platform designed to ensure that general-purpose artificial intelligence benefits all of humanity, raises $40BN Series F from SoftBank Capital.

Generative AI • San Francisco, CA • Post-Money Valuation


Marit Health, a developer of an anonymous salary sharing platform for physicians, raises $3.2MM Seed from Define Ventures.Enterprise Software • San Francisco, CA • Post-Money Valuation
 

Retym, a semiconductor company, raises $75MM Series D from Spark Capital.

Semiconductors • Cupertino, CA • Post-Money Valuation

 

Orthobrain, a developer of an orthodontics software platform for dentists, raises $7.5MM Equity Funding from Care Capital.

SaaS • Richfield, OH • Post-Money Valuation

 

AttoTude, a firm that develops an innovative interconnect technology intended for data centers, raises $50MM Series B from Mayfield Fund.

Data Centers • Menlo Park, CA • Post-Money Valuation

 

Lightsource Labs, an AI-native sourcing platform designed to automate the entire sourcing process from RFQ to award, raises $33MM Equity Funding from Bain Capital Ventures.

Procurement • San Francisco, CA • Post-Money Valuation

 

Paystone acquires Ackroo, a company that provides marketing, payment, and point-of-sale solutions.

Point of Sale • Hamilton, Canada

 

Science Exchange acquires Happilabs, a company that provides virtual lab manager services intended to help scientists in shopping for scientific supplies and equipment.

Procurement • Chicago, IL • Deal

 

Eaton completes acquisition of Fibrebond, a company that provides electrical and mechanical solutions.

Electrical • Minden, LA • Deal

 

TE Connectivity completes acquisition of Richards Manufacturing, a manufacturer of electrical and gas distribution equipment for blue-chip utilities.

Equipment • Irvington, NJ • Deal

 

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