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Sceptical Investors Worrying About Gen AI's Returns

Sceptical Investors Worrying About Gen AI's Returns
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
March 10, 2023

What We're Reading

Sceptical Investors Worrying About Gen AI's Returns (FT)
Thiel’s Founders Fund advises companies to pull money from SVB (Bloomberg) Profile
Startup By Ex-Apple Execs Raises $100M & Partners with OpenAI (WSJ) Profile
Zuckerberg Quietly Buries The Metaverse (The Street) Profile
Uber Considering Spinning Off Division (Bloomberg) Sector List

Trending Companies

Paragonix Technologies, a company that provides Advanced Organ Preservation ("AOP") devices, raises $24MM Series B from Signet Healthcare Partners.

Medical Devices • Cambridge, MA • Post-Money Valuation, a developer of a Skill Intelligence Platform designed for hiring solutions, screening, assessments, coding/video interviews and upskilling software, raises $10MM Series A from Primera Capital.

SaaS • Cupertino, CA • Post-Money Valuation


Ampersand Biometrics, a firm that develops medicines and body therapeutics intended to act at the site of disease, raises $50MM Equity Funding from Flagship Pioneering.

Biotechnology • Boston, MA • Post-Money Valuation


UniUni, a firm that provides delivery services of parcels, raises C$20MM Series B from Celtic House Venture Partners.

Logistics • British Columbia, Canada


The Believer, a software company that develops and builds online games, raises $55MM Series A from Lightspeed Venture Partners.

Online Games • West Hollywood, CA • Post-Money Valuation


Fynn, a firm that offers education loans and financial assistance to students, raises $11MM Seed from Y Combinator.

Finance • Wilmington, DE • Post-Money Valuation


Zeda, a firm that manufactures medical devices, raises $52MM Series B from Taiyo Nippon Sanso.

Health Care Products • Fremont, CA • Post-Money Valuation


Revelstoke, a company that simplifies security orchestration, automation and response for their clients, raises $20MM Series B from SYN Ventures.

Security • San Jose, CA • Post-Money Valuation


Candidly, a developer of an AI-driven student debt and savings optimization platform that addresses the full lifecycle of education expenses, raises $20.5MM Series B from Altos Ventures.

SaaS • New York, NY • Post-Money Valuation

Since last week, PrivCo has added:
995 Companies | 162 Funding Rounds | 152 M&A Deals

Roami, a company that offers vacation rental, property management and travel accommodations, raises $14MM Series A from Vigo Capital.

Hospitality • Miami, FL • Post-Money Valuation


Barley, a software developer intended to ease management of workers' compensation, raises $4MM Seed from Golden Ventures.

SaaS • Toronto, Canada

WHP Global, a company that acquires consumer brands and invests in high-growth distribution channels including digital commerce platforms and global expansion, raises $375MM Equity Funding from Ares Management Corp.

Consumer Products • New York, NY • Post-Money Valuation


Aiberry, a company that provides an AI-powered mental health screening platform and technology, raises $8MM Seed from Confluence Capital Group, Inc.

Health Care Technology • Bellevue, WA • Post-Money Valuation


Rentyl Resorts, a provider of vacation home rentals with the amenities and service of a traditional resort, raises $25MM Equity Funding from undisclosed investors.

Vacation Rental • Kissimmee, FL • Post-Money Valuation


Threecolts, a software company that offers e-commerce merchants enterprise solutions across multi-channels and marketplaces, raises $90MM Series A from General Global Capital.

Enterprise Software • London, United Kingdom


Humane, a company that creates software platform and consumer device for artificial intelligence (AI), raises $100MM Series C from Kindred Ventures.

Artificial Intelligence • San Francisco, CA • Post-Money Valuation


Silfab Solar, a company that develops and manufactures photovoltaic modules, raises $125MM Equity Funding from ARC Financial Corp.

Renewable Energy • Mississauga, Canada


VNTG, a provider of a developer tool that allows teams to manage cloud costs, raises $21MM Series A from Scale Venture Partners.

Software • New York, NY • Post-Money Valuation

Atairos Group plans to acquire LifeLabs Learning, a firm that offers training and coaching services intended to train managers, leaders and teams.

Education • Brooklyn, NY • Deal


Apexanalytix acquires ESG Enterprise, an ESG software developer intended to help businesses, NGOs and governments reduce ESG risks, manage disruptions, and capture opportunities.

Software • Houston, TX • Deal

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