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Amazon doubles down on AI with a massive $100B spending plan

Amazon doubles down on AI with a massive $100B spending plan
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
February 10, 2025

What We're Reading

  • Amazon doubles down on AI with a massive $100B spending plan for 2025 [TechCrunch]
  • Meta launches new program to improve speech and translation AI [TechCrunch]
  • Tinder will try AI-powered matching as the dating app continues to lose users [TechCrunch]
  • OpenAI now reveals more of its o3-mini model’s thought process [TechCrunch]

Trending Companies

 

Solaris, a company that develops an API-based Banking-as-a-Platform, raises €140MM Equity Funding from SBI Group.

Fintech • Berlin, Germany

 

Cashfree Payments, a company providing payment processing, payouts, and API banking solutions for businesses, raises $53MM Equity Funding from KRAFTON.

Payment Processing • Bengaluru, India

 

Tandem Space, a company that develops a marketplace for office space, raises $6.1MM Seed from Collide Capital.

Leasing • Oakland, CA • Post-Money Valuation

 

Beamable, a company that develops a creator-centric platform designed to implement, monetize, socialize, and update live games, raises $13.5MM Series A from Bitkraft Ventures.

Developer Tools • Boston, MA • Post-Money Valuation

 

Warmly, a company that develops autonomous revenue orchestration platform, raises $6MM Series A from RTP Global.

SaaS • San Francisco, CA • Post-Money Valuation

 

Desteia, a company that develops an artificial intelligence supply chain platform, raises $8MM Seed from Autotech Ventures.

Supply Chain Management • New York, NY • Post-Money Valuation

 

Auron Therapeutics, a biotechnology company intended to research and develop products focusing on immunology and oncology medical fields, raises $27MM Series B from Undisclosed Investors.

Drug Research • Newton, MA • Post-Money Valuation

 

Nextworld, a company that provides an enterprise cloud development platform and applications built on that platform, raises $65MM Series F from McVaney Investment Partnership.

Enterprise Software • Greenwood Village, CO • Post-Money Valuation

 

iVeena, a company that develops ocular drug products that eliminate the need for eye drop application and painful injections, raises $3MM Series B-2 from Undisclosed Investors.

Eye Care • Salt Lake City, UT • Post-Money Valuation

 

GenLogs, a freight intelligence company that offers truck carrier mapping services via AI-driven roadside sensors, raises $14.6MM Series A from Venrock Associates.

Sensors • Arlington, VA • Post-Money Valuation

 

 

The Comma Collective, a company that manufactures biodegradable menstrual products, raises $2MM Seed from Undisclosed Investors.

Women Hygiene Products • Boston, MA • Post-Money Valuation

 

Little Otter, a pediatric mental health company that offers an application to virtual sessions, raises $9.5MM Equity Funding from Pivotal Ventures.

Counseling • San Francisco, CA • Post-Money Valuation

 

Get Whys, a company that operates an artificial intelligence-powered platform intended to leverage a dataset of peer insights to help organizations make better software decisions, raises $2.8MM Seed from Next Frontier Capital.

Artificial Intelligence • Boise, ID • Post-Money Valuation

 

Semgrep, a developer of a platform for scanning code for security, reliability & other issues, raises $100MM Series D from Menlo Ventures.

Cyber Security • San Francisco, CA • Post-Money Valuation

 

Fay, a company that provides dietitian consulting services intended for medical nutrition therapy, raises $50MM Series B from Goldman Sachs Private Equity.

Nutrition • Chicago, IL • Post-Money Valuation

 

Entos Pharmaceuticals, a clinical-stage biotech company developing genetic medicines with its Fusogenix PLV drug delivery platform, receives $4MM Grant from California Institute for Regenerative Medicine.

Biopharmaceuticals • San Diego, CA • Post-Money Valuation

 

TA Associates invests in Brycer, a company that provides cloud-based service for fire protection systems, backflows and elevators.

Fire Protection • Warrenville, IL • Deal

 

Inszone acquires Texas Classic Insurance, a company that provides insurance services and solutions.

Insurance • Granbury, TX • Deal

 

Platte River acquires Building Controls, a company that provides energy management, building controls, automation, and gas detection solutions.

Industrial Automation • Farmers Branch, TX • Deal

 

Veritext acquires UWWM, a company that offers online dispute resolution, family mediation, arbitration, magistrate and wealth administration services.

Legal • Ormond Beach, FL • Deal

 

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