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Anthropic hires Instagram co-founder as head of product

Anthropic hires Instagram co-founder as head of product
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
May 16, 2024

What We're Reading

  • Anthropic hires Instagram co-founder as head of product [TechCrunch]
  • Threads finally starts its own fact-checking program [TechCrunch]
  • Google TV to launch AI-generated movie descriptions [TechCrunch]
  • AWS confirms it will launch European ‘sovereign cloud’ in Germany by 2025, plans €7.8B investment over 15 year [TechCrunch]

Trending Companies


HIF Global, a firm that develops e-fuel plants focused on accelerating decarbonization by producing carbon-neutral fuels, raises $164MM Equity Funding from Idemitsu Kosan.

Energy • Las Condes, Chile


Aplazo, a firm that develops omni-channel payment platform that offers flexible payment solutions and commerce enablement tools to help merchants accelerate sales and grow their brands, raises $70MM Series B from QED Investors.

Payment Processing • Mexico City, Mexico


Kino, a company that develops an app to experience film from script to screen, raises $2.35MM Pre-Seed from Cathie Wood’s ARK Venture Fund.

Digital Entertainments • Burbank, CA • Post-Money Valuation


Archive Intel, a developer of AI archiving and surveillance Software as a Service (SaaS) solutions designed to enhance efficiency in email, social media, text messages, and website compliance reviews, raises $1MM Seed from Social Leverage.

SaaS • Alpharetta, GA • Post-Money Valuation


In-House Health, an AI-powered tech platform for modern nursing teams, raises $4MM Seed from New Enterprise Associates.

Artificial Intelligence • Denver, CO • Post-Money Valuation


Little Sparrows Technologies, a medical devices company that focuses on neonatal health care solutions, raises $3MM Seed from Undisclosed Investors.

Medical Devices • Boston, MA • Post-Money Valuation


Canopy, a cloud-based practice management platform for accounting professionals, raises $35MM Equity Funding from Ten Coves Capital.

Fintech • Draper, UT • Post-Money Valuation


Ajax Therapeutics, a biotechnology company applying computational chemistry and structure-based technologies to develop novel small molecules for hematologic malignancies, raises $95MM Series C from Goldman Sachs Alternatives.

Biotechnology • New York, NY • Post-Money Valuation


CereVasc, a company focused on the development of novel, minimally invasive treatments for patients with neurological disease, raises $70MM Series B from Bain Capital Life Sciences.

Neuroscience • Auburndale, MA • Post-Money Valuation


Roam Home, a developer of a mortgage platform focusing on assumable mortgages, allowing homebuyers to assume existing mortgage terms from sellers, potentially reducing monthly mortgage payments, raises $3MM Seed from Keith Rabois.

Real Estate Technology • Cohoes, NY • Post-Money Valuation



Princeton NuEnergy, a clean-tech firm that engages in the regeneration of lithium-ion battery, raises $10.3MM Series A from Tech Council Ventures.

CleanTech • Bordentown, NJ • Post-Money Valuation


Active Surfaces, a company commercializing an ultra thin-film solar technology, raises $5.6MM Seed from Safar Partners.

Solar • Salem, MA • Post-Money Valuation


Summit Wash Holdings, a membership-focused car wash group, raises $200MM Debt Financing from Unknown Lender.

Car Wash • Palm Gardens, FL • Post-Money Valuation


Pepper, a developer of an eCommerce solution enables food distributors to find new customers, deepen relationships, grow revenue, and run more efficiently, raises $30MM Series B from ICONIQ Growth.

Apps • New York, NY • Post-Money Valuation


Switchboard Health, a health care technology company that helps providers, health plans, and employers coordinate high-value specialty care services through an integrated platform featuring virtual care solutions and data-driven support, raises $6.5MM Seed from First Trust Capital Partners.

Health Care Technology • Boise, ID • Post-Money Valuation


Appearance Technology acquires Baf Industries, a company that manufactures and distributes automotive detailing products for automotive dealerships, detail shops, car washes, auto auctions and body shops through a close-knit network of independent distributors.

Automotive • Tustin, CA • Deal


Bain Capital invests in Sikich, a company specializing in technology enabled business consulting and accounting services.

Accounting • Chicago, IL • Deal


AppDirect acquires Builtfirst Technologies, a firm that offers self-service marketplace platform technology.

Business-to-Business • San Francisco, CA • Deal


Avaya Holdings acquires Edify Labs, a global communications platform with the tools to connect every person, system, and channel inside and outside an organization.

Communications • Fishers, IN • Deal


STV Group acquires Mehta and Associates, a firm that offers civil engineering services intended for roads, highways, bridges, airports and rail projects.

Civil Engineering • Winter Park, FL • Deal

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