Apple needs to focus on making AI useful, not flashy

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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.
June 10, 2024

What We're Reading

  • Apple needs to focus on making AI useful, not flashy [TechCrunch]
  • After hits like Reddit and Scopley, Collaborative Fund easily raised a $125M fund to tackle climate, health and food [TechCrunch]
  • Rippling bans former employees who work at competitors like Deel and Workday from its tender offer stock sale [TechCrunch]
  • Mandiant says hackers stole a ‘significant volume of data’ from Snowflake customers [TechCrunch]

Trending Companies

 

Cohere, a company that develops a natural language processing software, raises $450MM Equity Funding from NVIDIA Corporation.

Natural Language Processing (NLP) • Toronto, Canada

 

Inventive, a company that develops a tailored data product platform designed to give diverse customers the tools and customized data services, raises $6.5MM Seed from Wing Venture Partners.

Data Management • San Francisco, CA • Post-Money Valuation

 

Spare Labs, a firm that develops a platform that empowers transit agencies, raises $10MM Equity Funding from CIBC Innovation Banking.

Analytics • Vancouver, Canada

 

Raydiant Oximetry, a company that develops a low-cost, non-invasive biomedical device to monitor the oxygen levels in fetal blood, raises $7.5MM Series A-3 from Cross border Impact Venture.

Medical Devices • San Ramon, CA • Post-Money Valuation

 

Saguaro Biosciences, a firm that offers next-generation cell culture products, raises $3MM Seed from AQC Capital.

Drug Research • Quebec, Canada

 

Trivest Partners invests in Dubin Research & Consulting, a legal consulting firm that focuses on jury selection, demonstrative aids, focus groups and trial strategy.

Legal • New York, NY • Deal

 

Imagine Learning acquires CueThink, a company that operates in the software & internet services industry.

Software Development • North Reading, MA • Deal

 

Joby Aviation acquires Xwing, a company developing autonomous technology for regional air cargo.

Artificial Intelligence • San Francisco, CA • Deal

 

Ness Technologies acquires Intricity, firm that provides information technology consulting and business intelligence services.

IT Consulting • New York, NY • Deal

 

Southeast Mechanical acquires Climate Design Home Services, a firm that offers AC repair and installation, plumbing, electrical, heating and cooling services.

HVAC • Clearwater, FL • Deal

 

 

YA Group acquires Bloomberg Consulting, a forensics firm that offers vehicular accident reconstruction and analysis.

Investigation • Gulf Breeze, FL • Deal

 

CSG acquires iCheckGateway.com, a firm that provides solutions that include ACH processing, credit card processing, hosted payment portals, IVR payments, mobile payments, virtual terminals, email invoicing and fraud prevention.

Fintech • Fort Myers, FL • Deal

 

Construction Partners acquires Hudson Paving, a firm that provides asphalt repair and management services.

Engineering • Rockingham, NC • Deal

 

L Squared Capital Partners invests in TeachTown, an ed-tech company that provides software and solutions for students diagnosed with Autism Spectrum Disorder and Intellectual and Developmental Disabilities.

EdTech • Woburn, MA • Deal

 

Allegion acquires Krieger Specialty Products, a firm that manufactures special purpose doors and windows for acoustical, bullet, forced entry, blast, and radio frequency applications.

Windows & Doors • Pico Rivera, CA • Deal

 

Infinite Reality acquires Action Face, a firm that develops AI-powered avatar creation platform.

3D • Berkeley, CA • Deal

 

Buchanan Technologies acquires Technology Spa, a firm that offers cloud orchestration and enterprise productivity solutions.

Cloud • Dallas, TX • Deal

 

Trilantic North America invests in Sofie BioSciences, firm that develops and delivers molecular diagnostics and therapeutics such as radiopharmaceuticals.

Research & Development • Culver City, CA • Deal

 

Thermal Concepts acquires 5 Seasons Mechanical, a firm that offers HVAC maintenance and installation services to commercial and industrial customers.

HVAC • Peachtree Corners, GA • Deal

 

Sibelco acquires Strategic Materials, a firm that offers plastic and glass recycling solutions.

Recycling • Houston, TX • Deal
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