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Lucid Motors slashes 400 jobs ahead of crucial SUV launch

Lucid Motors slashes 400 jobs ahead of crucial SUV launch
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
May 27, 2024

What We're Reading

Trending Companies


SamaCare, a company that provides a cloud-based workflow automation platform for medical practices to streamline specialty drug prior authorization, enrollment, and benefit verification, raises $17MM Series B from Questa Capital.

Cloud • San Francisco, CA • Post-Money Valuation


Simr, a company that develops a cloud-based software intended to bring the power of cloud computing to engineering applications, raises $20MM Series A from Uncorrelated Ventures.

Cloud • Los Altos, CA • Post-Money Valuation


RootNote, a developer of a collaborative analytics platform for creative businesses and entertainment brands, raises $1.5MM Pre-Seed from Elevate Ventures.

Analytics • Nashville, TN • Post-Money Valuation


Videra Health, a company that develops a platform for remote patient monitoring, raises $5.6MM Seed from Peterson Ventures.

Health Care Services • Orem, UT • Post-Money Valuation


Aqua (Pennsylvania), a holding firm to regulate utilities providing water or wastewater services, receives a $6.7MM Grant from Pennsylvania Infrastructure Investment Authority.

Water • Bryn Mawr, PA • Post-Money Valuation


Coactive, a provider of visual content analytics and search platform, raises $30MM Series B from Cherryrock Capital.

Analytics • San Jose, CA • Post-Money Valuation


Suno, a firm that develops music creation platform, raises $125MM Equity Funding from Lightspeed Venture Partners.

Music • Cambridge, MA • Post-Money Valuation


Nanopath, a molecular diagnostics firm enabling high-quality molecular testing methodologies, receives $3MM Grant from National Institutes of Health.

Biotechnology • Cambridge, MA • Post-Money Valuation


Amino Health, a data-driven healthcare guidance platform that saves money and improves care outcomes for plan sponsors and members, raises $10MM Equity Funding from Transformation Capital.

Platform • San Francisco, CA • Post-Money Valuation


Majority, a company that offers mobile banking solutions for migrants in the US, raises $12.5MM Equity Funding from Victor Jacobsson.

Fintech • Houston, TX • Post-Money Valuation



Superlegal, a firm that provides an AI platform for legal contract review for small and medium-sized businesses, raises $5MM Seed from Aleph.

Artificial Intelligence • New York, NY • Post-Money Valuation


Max Retail, a developer of a secure online marketplace that enables brands and independent retailers to sell their excess inventory, raises $15MM Series A from Nosara Capital.

Marketplace • West Palm Beach, FL • Post-Money Valuation


Verse, a company that provides software platform that leverages generative AI to help organizations to buy and manage clean power, raises $20.5MM Series A from GV.

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


Bolster, a firm that provides multi-channel phishing protection, raises $14MM Series B from M12.

Cyber Security • Indianapolis, IN • Post-Money Valuation


Boulder Care, a telehealth provider focused on substance addiction, raises $35MM Series C from Advance Venture Partners.

Platform-as-a-Service (PaaS) • Portland, OR • Post-Money Valuation


Sinn Studio, a developer of virtual reality combat games, raises $2.5MM Equity Funding from Hartmann Capital.

Games • Toronto, Canada


H, a global foundation model and agentic AI firm, raises $220MM Seed from Accel.

Artificial Intelligence • Paris, France


Inszone Insurance Services acquires ISU Coverall Insurance Group, a firm that offers insurance services for personal and commercial.

Insurance • Lockport, IL • Deal


Ferguson acquires Southwest Geo-Solutions, a full-service distributor of erosion control, containment, geotextile and geogrid products.

Pre-Construction • Austin, TX • Deal


Monarch Landscape Companies acquires DynaServ Florida, a full-service landscape and exterior services company.

Landscape Architecture • Davie, FL • Deal


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