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How to avoid AI commoditization

How to avoid AI commoditization
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
May 17, 2023

What We're Reading

  • How to avoid AI commoditization [TechCrunch]
  • Twitter makes its first acquisition with a recruiting startup [Axios]
  • Tesla Changed a Deadline for Investor Proposals [NYT]
  • Apple brings concert discovery features to Apple Music and Apple Maps [TechCrunch]

Trending Companies


Smart, a company that provides pension auto enrollment services, raises $95MM Series E from Aquiline Capital Partners.

Fintech • London, United Kingdom


Tipalti, a developer of a global payables automation platform, raises $150MM Equity Funding from JPMorgan Chase Bank.

Payments • Foster City, CA • Post-Money Valuation


Cascade Health, a company that operates a platform offering personalized healthcare plans for employees, raises $1.7MM Pre-Seed from AlleyCorp.

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


Pulvinar Neuro, a company that supports the research community with non-invasive brain stimulation research tools, receives $3MM Grant from National Institutes of Health.

Neuroscience • Durham, NC • Post-Money Valuation


Ray Therapeutics, a company that develops novel optogenetics gene therapies for patients with blinding diseases, raises $100MM Series A from Novo Holdings.

Biotechnology • San Francisco, CA • Post-Money Valuation


Together, a company that provides a decentralized cloud for artificial intelligence, raises $20MM Seed from Lux Capital.

Generative AI • Menlo Park, CA • Post-Money Valuation


Berkeley Yeast, a company that bioengineers yeast for brewers and winemakers, raises $10.47MM Equity Funding from undisclosed investors.

Ingredients • Oakland, CA • Post-Money Valuation


1VALET, a developer of smart building platform that integrates IoT technologies to better connect residents to their community and easily convert multi-family buildings into connected smart communities, raises $7MM SAFE Financing Round from undisclosed investors.

Smart Building • Ontario, Canada


Mediview XR, a digital health company that leverages augmented reality, remote connectivity and spatial computing data to create revolutionary surgical navigation and teleprocedure platforms, raises $15MM Equity Funding from Mayo Clinic Ventures.

Health Care Technology • Cleveland, OH • Post-Money Valuation


Huntress Labs, a company that provides a managed security platform, raises $60MM Series C from Sapphire Ventures.

Cyber Security • Ellicott City, MD • Post-Money Valuation


Since last week, PrivCo has added:
119 Companies | 109 Funding Rounds | 140 M&A Deals


Diligent Pharma, a company that developed an online platform that simplifies and streamlines selection and qualification of GCP clinical trial service providers, raises $8.27MM Series A from FCA Venture Partners.

Clinical Services • Princeton, NJ • Post-Money Valuation


e-con Systems, an OEM camera solution provider that offers MIPI, USB and GMSL cameras to the industrial, retail and medical markets, raises $13MM Equity Funding from GR 2022 Holdings.

Technology Hardware • Riverside, CA • Post-Money Valuation

Great Hill Partners invests in Enumerate, a company that provides condominium & HOA management software services.

Management Services • Clearwater, FL • Deal


Juno Pharmaceuticals Canada acquires Omega Laboratories, a company that provides laboratory-based advanced testing specializing in the detection of drugs.

Diagnostics • Mogadore, OH • Deal


Lumin8 Transportation Technologies, backed by Crest Rock, acquires Bean Electrical, a company that provides electrical construction services.

Electrical • Everman, TX • Deal


Five Star Parks & Attractions, backed by Court Square Capital Partners, acquires Scene75 Entertainment Centers, an operator of indoor entertainment centers.

Amusement Parks • Dayton, OH • Deal


Imperial Dade acquires Columbus Paper Company, a distributor of paper products for home and personal use that include bathroom tissue, roll towels, napkins and cups.

Consumer Products • Columbus, GA • Deal


Rumble acquires Callin, a developer of a live streaming and podcasting platform.

Entertainment • San Francisco, CA • Deal


Risk Strategies acquires Combined Underwriters of Miami, a full-service independent insurance agency providing commercial and personal insurance products.

Brokerage • Miami, FL • Deal


Allied Healthcare Products, a company that manufactures  respiratory products used in the health care industry, files for Chapter 11 bankruptcy protection.

Health Care Equipment • St Louis, MO • Bankruptcy Activity

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