OpenAI could shake up its nonprofit structure next year

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PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
September 17, 2024

What We're Reading

  • OpenAI could shake up its nonprofit structure next year [TechCrunch]
  • IBM makes developing for quantum computers easier with the Qiskit Functions Catalog [TechCrunch]
  • Apple Watch sleep apnea detection gets FDA approval [TechCrunch]
  • AWS brings OpenSearch under the Linux Foundation umbrella [TechCrunch]

Trending Companies

 

 

Quantum Source, a company developing a photonic quantum architecture for fault-tolerant, practical quantum computers that can scale to millions of qubits at a fraction of the complexity, footprint, power consumption, and cost of other implementations, raises $50MM Series A from Eclipse VC.

Big Data • Ness Ziona, Israel

 

AttoTude, a firm that develops an innovative interconnect technology intended for data centers, raises $29MM Series A from Canaan Partners.

Artificial Intelligence • Menlo Park, CA • Post-Money Valuation

 

Viome Life Sciences, a company that offers a medical kit that helps determine the microbial composition of stool samples, raises $25MM Series D from Khosla Ventures.

Diagnostics • New York, NY • Post-Money Valuation

 

Protege AI, a platform developer that aims to solve the problem by providing a privacy-centric, easy-to-use platform to connect data holders with vetted data buyers, raises $10MM Seed from Charles River Ventures.

Artificial Intelligence • New York, NY • Post-Money Valuation

 

SmartCAT, a developer of the namesake translation automation platform, raises $43MM Series C from Left Lane Capital.

SaaS • Wilmington, DE • Post-Money Valuation

 

Pollyex, a developer of a cloud-native capital markets platform for the mortgage industry, raises $25MM Equity Funding from 8VC.

Capital Markets • San Francisco, CA • Post-Money Valuation

 

Cellino Biotech, a biotechnology company that develops an automated biomanufacturing system for potentially curative personalized cell therapies, receives a $25MM Grant from the Advanced Research Projects Agency for Health.

Biotechnology • Cambridge, MA • Post-Money Valuation

 

Illuma Labs, a provider of real-time voice authentication and fraud prevention solutions for credit unions and community banks, raises $9MM Series A from Live Oak Ventures.

Data Security • Plano, TX • Post-Money Valuation

 

Habitat Health, a company that operates a healthcare company intended to serve the health and social care to older adults, raises $50MM Equity Funding from Town Hall Ventures.

Assisted Living • New York, NY • Post-Money Valuation


NCD Agency acquires Tenure Health, a firm that provides elderly healthcare services.

Senior Care • New York, NY • Deal

 

 

BHH Marine acquires Vessel Vanguard, a firm that develops maintenance management platforms for the marine industry.

Technology Services • Bonita Springs, FL • Deal

 

Audax Group acquire Total Power, a distributor of power generation solutions.

Generators • Mississauga, Canada

 

Argentum Group invests in L2 Aviation, an avionics and aircraft modification support service including engineering, system design, repair, certification, fleet modernization, kitting and installation services.

Aviation • Dripping Springs, TX • Deal

 

Beacon Roofing Supply acquires Chicago Metal Supply & Fabrication, a firm that manufactures architectural metal supplies.

Building Products • Chicago, IL • Deal

 

ConnectWise acquires Axcient, a firm that offers data protection SaaS solutions.

Cloud • Denver, CO • Deal

 

Construction Partners acquires John G. Walton Construction, a firm that offers comprehensive construction services for infrastructure and commercial projects.

Civil Engineering • Mobile, AL • Deal

 

Mastercard acquires Recorded Future, a provider of real time threat intelligence solutions.

Analytics • Somerville, MA • Deal

 

Verdantas acquires Aegis Environmental, a firm that offers environmental management and consulting services such as regulatory compliance, reporting, permitting, planning, environmental management, air and water quality evaluations, soil and groundwater management and environmental training.

Compliance • Richmond, VA • Deal

 

Volvo Group invests in The Aifleet, a full-stack, tech-enabled trucking company.

Machine Learning • Austin, TX • Deal

 

Timken acquires CGI, a company that manufactures precision motion control solutions.

Automation • Carson City, NV • Deal

 
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