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SeekOut lays off 30% of its workforce

SeekOut lays off 30% of its workforce
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
May 21, 2024

What We're Reading

  • SeekOut, a recruiting startup last valued at $1.2 billion, lays off 30% of its workforce [TechCrunch]
  • Meta’s Oversight Board takes its first Threads case [TechCrunch]
  • ChatGPT’s mobile app revenue saw its biggest spike yet following GPT-4o launch [TechCrunch]
  • Google is launching a new Android feature to drive users back into their installed apps [TechCrunch]

Trending Companies


cylib, a battery recycling company enabling the green energy transition by ensuring the supply of sustainable raw materials for the battery industry, raises €55MM Series A from World Fund.

Recycling • Aachen, Germany


Relocalize, a firm that develops autonomous micro-factory platforms for the food and beverage industry, raises $5.8MM Seed from Desjardins Capital.

Platform • Montreal, Canada


Laws of Motion, a company that engineers proprietary apparel sizing technologies backed by zero-waste manufacturing, raises $5MM Seed from Corazon Capital.

Apparel • New York, NY • Post-Money Valuation


Metabolon, a company that offers metabolomics solutions that enhance life sciences research, diagnostics, and precision medicine, raises $60MM Debt Funding from Trinity Capital.

Life Sciences • Morrisville, NC • Post-Money Valuation


Orange Charger, a provider of innovative electric vehicle (EV) charging solutions focusing on multifamily and commercial properties, raises $6.5MM Seed from Munich Re Ventures.

Charging-as-a-Service • Redwood City, CA • Post-Money Valuation


WekaIO, a firm that provides a data platform for achieving first-to-market results in artificial intelligence/machine learning, life sciences research and high-performance computing, raises $140MM Equity Funding from Hitachi Ventures.

Artificial Intelligence • Campbell, CA • Post-Money Valuation


Fay, a firm that offers a platform that helps clients choose a dietitian, arranges virtual and in-person meetings, and designs a custom plan, raises $20MM Equity Funding from Forerunner Ventures.

Enterprise Software • San Francisco, CA • Post-Money Valuation


c/side, a company that develops a fully autonomous detection tool for assessing 3rd party scripts, raises $1.7MM Seed from Scribble Ventures.

Automation • San Francisco, CA • Post-Money Valuation


Bedrock Materials, a company that manufactures sodium-ion battery materials, raises $9MM Seed from Version One Ventures.

Batteries • Chicago, IL • Post-Money Valuation


Voxel51, a company that develops an artificial intelligence-based software designed to transform raw video footage and images into actionable intelligence, raises $30MM Series B from Bessemer Venture Partners.

Analytics • Ann Arbor, MI • Post-Money Valuation



Angel AI, a company that develops an AI-smart digital companion tool designed to provide safe access to online experiences while supporting kids' healthy development, raises $4.8MM Seed from Cortical Ventures.

EdTech • New Castle, DE • Post-Money Valuation


Trinity Capital invests in Elevate K-12, a company offering a platform that leverages proprietary live instructional management technology, live instruction service, curriculum and classroom management to provide the necessary tools for collaborative teaching.

EdTech • Chicago, IL • Deal


Imperial Dade acquires 3G Packaging, a company that manufactures packaging supplies and equipment.

Consumer Products • Rochester, NY • Deal

1-800 Hansons acquires Paramount Builders, a company that provides home remodeling and restoration services.

Home Improvement • Virginia Beach, VA • Deal



Dessert Holdings acquires Kenny's Great Pies, a company that produces and retails a different variety of cakes and whole pies along with food packaging services.

Confectionery • Smyrna, GA • Deal


PBK Architects acquires McGranahan Architects, an architecture & planning firm that provides architecture, planning, and interior design.

Architecture • Tacoma, WA • Deal


Toggle AI acquires Atom Finance, a provider of frontend infrastructure for banks, brokerages, wealth managers and fintechs.

Fintech • New York, NY • Deal


Owens Corning acquires Masonite International, a provider of interior and exterior doors and door systems.

Windows & Doors • Tampa, FL • Deal


PANOS Brands acquires The Santa Barbara Smokehouse, a firm that produces smoked salmon for restaurants and hotels.

Seafood • Santa Barbara, CA • Deal


Crisp acquires SetSight, a software developer for edi, retailer pos, syndicated, digital, cross-retailer price movement, weather and internal data ingestion.

Analytics • Minneapolis, MN • Deal


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