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AI is going to ‘turbocharge winners’ faster than anyone is expecting

AI is going to ‘turbocharge winners’ faster than anyone is expecting
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
November 14, 2023

What We're Reading

  • AI is going to ‘turbocharge winners’ faster than anyone is expecting [Forbes]
  • Excited for the Tesla Cybertruck? You better be, because Elon Musk’s EV maker could demand $50K if you resell it sans permission in year one [Forbes]
  • Klarna’s and Affirm’s very good week [TechCrunch]
  • Threads now lets users opt out of having their posts appear on Facebook and Instagram [TechCrunch]

Trending Companies


May Mobility, a company engaged in the development and deployment of autonomous vehicle (AV) technology, raises $105MM Series D from NTT Group.

Software • Ann Arbor, MI • Post-Money Valuation


Kythera Labs, a company that provides a data management and analytics platform to process healthcare data of all types, raises $20MM Series A and Debt Funding from BIP Ventures.

Analytics • Franklin, TN • Post-Money Valuation


Aleph Alpha, an AI research and application company that researches, develops and operationalises large-scale AI models for language, image data and strategy, raises $500MM Series B from Bosch Ventures.

Automation • Heidelberg, Germany


Volante Technologies, a global Payments-as-a-Service (PaaS) company that focuses on addressing the challenges in financial message and data integration and those in the payments lifecycle, raises $66MM Equity Funding from Sixth Street Growth.

SaaS • Jersey City, NJ • Post-Money Valuation


OrsoBio, a firm that operates clinical-stage biopharmaceutical services intended to develop therapies for organ dysfunctional, raises $60MM Series A from Longitude Capital.

Biopharmaceuticals • Palo Alto, CA • Post-Money Valuation


Enable, a company that develops an enterprise collaboration platform, raises $120MM Series D from Lightspeed Venture Partners.

Collaboration • San Francisco, CA • Post-Money Valuation


Needed, a science-backed perinatal nutrition company, raises $14MM Growth Funding from The Craftory.

Nutrition • Los Angeles, CA • Post-Money Valuation


Sift, a company that offers transformative tools for machine creators to innovate at speed and scale, raises $7.5MM Seed  from Riot Ventures.

Machine Learning • El Segundo, CA • Post-Money Valuation


Cast AI, a developer of a cloud-native automation management platform, raises $35MM Series B from Vintage Investment Partners.

Cloud • Miami, FL • Post-Money Valuation


BioPhy, a company providing an AI operating system to advance promising drug candidates, raises $4.5MM Pre-Seed from Chelsea Clinton.

Artificial Intelligence • Philadelphia, PA • Post-Money Valuation



Sock, a company that developed a mobile finance app designed for centralized exchanges, raises $2.8MM Seed from Haven Ventures.

Apps • San Francisco, CA • Post-Money Valuation


Black Ore, a company that offers an AI and automation platform, raises $60MM Equity Funding from Andreessen Horowitz.

Artificial Intelligence • Austin, TX • Post-Money Valuation


L-Nutra, a nutri-tech company, developing innovations in nutrition, raises $47MM Series D from Mr. Stephane Bancel.

Nutrition • Los Angeles, CA • Post-Money Valuation


Protecto, a company that offers privacy engineering and data security services, raises $4MM Seed from Together Fund.

Cyber Security • Cupertino, CA • Post-Money Valuation


Lucent Bio, a firm that develops sustainable and climate-positive biofertilizers, seed treatment and controlled-release coating designed to increase crop yield, raises $3.6MM Grant from PacifiCan.

Chemicals • West Vancouver, Canada


Bain Capital intends to acquire Guidehouse, a company that provides consulting services to the public sector and commercial markets.

Consulting • Falls Church, VA • Deal


PERC Water Corporation acquires Ramey Environmental, a company that provides contract operations for water and wastewater services to municipal and industrial customers.

Water • Firestone, CO • Deal


Falfurrias Capital invests in Synergy ECP, a firm that provides software engineering, cybersecurity and systems engineering services.

Software Development • Columbia, MD • Deal


Snap-On acquires Mountz, a company that provides torque products and services.

Industrial Products • San Jose, CA • Deal


Grace Hebert Curtis Architects acquired Hahnfeld Hoffer Stanford, a full-service architecture firm that specializes in both interior and exterior design.

Architecture • Fort Worth, TX • Deal


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