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Cruise pauses all driverless robotaxi operations

Cruise pauses all driverless robotaxi operations
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
October 30, 2023

What We're Reading

  • Cruise pauses all driverless robotaxi operations to ‘rebuild public trust’ [TechCrunch] 
  • X to take on newswire services with new product, XWire [TechCrunch]
  • OpenAI, Google and a ‘digital anthropologist’: the UN forms a high-level board to explore AI governance [TechCrunch] 
  • Apple fixes bug that undermined iOS privacy feature for years [TechCrunch] 

Trending Companies


Island, a cyber security platform that provides a secure web browser for the enterprise, raises $100MM Series C from Prsym Capital.

Network Security • Dallas, TX • Post-Money Valuation


Interius BioTherapeutics, a gene therapy company developing a paradigm-shifting platform for in vivo cell-specific gene delivery, raises $21.5MM Equity Funding from undisclosed investors.

Biotechnology • Philadelphia, PA • Post-Money Valuation


Revv, a developer of a software-as-a-service automotive repair diagnostics platform, raises $2.1MM Seed from 1984 Ventures.

Automotive • New York, NY • Post-Money Valuation


Signos, a software developer focused to monitor weight loss, raises $20MM Series B from Cheyenne Ventures.

Monitoring • Burlingame, CA • Post-Money Valuation


Aleph, a developer of an FP&A platform designed to automate financial models and streamline budgeting and forecasting, raises $16.7MM Equity Funding from Bain Capital Ventures.

Fintech • New York, NY • Post-Money Valuation


Eden, an operator of a renewable energy company intended to develop new technologies to transform low-grade heat from depleted oil and gas reservoirs, raises $12MM Seed from TechEnergy Ventures.

CleanTech • Somerville, MA • Post-Money Valuation


Adlumin, a developer of a security operations platform and managed detection and response, raises $70MM Series B from SYN Ventures.

Technology Hardware • Washington, DC • Post-Money Valuation


Prism Data, a developer of a transaction intelligence platform, leveraging financial transaction data, raises $5MM Seed from Obvious Ventures.

Fintech • New York, NY • Post-Money Valuation


Yourco, a company that focuses on establishing internal communication infrastructure, raises $2MM Seed from Ground Game Ventures.

SaaS • Indianapolis, IN • Post-Money Valuation


Rampart Bioscience, a company focused on developing gene medicines with the aim of providing safe and long-lasting treatments, raises $85MM Series A from Forbion.

Drug Research • Delhi, CA • Post-Money Valuation


Aiolos Bio, a company focused on the development of a novel Phase 2-ready TSLP (Thymic Stromal Lymphopoietin) antibody, raises $245MM Series A from Atlas Ventures.

Drug Research • Boston, MA • Post-Money Valuation


Klu, a generative AI platform that simplifies the design, deployment, and optimization of AI-enabled applications, raises $1.7MM Pre-Seed from Firstminute Capital.

SaaS • San Francisco, CA • Post-Money Valuation   


SVB Foods acquires Vita Specialty Foods, a company that offers finest salmon, herring products, selection of sauces, marinades, rubs, salad dressings, dessert toppings, syrup, honey and drink mixes.

Food • Chicago, IL • Deal


TREND Health Partners acquires PrecisionGx, a company that serves as automating payment and premium integrity for health insurance companies.

Automation • Philadelphia, PA • Deal


Arthur J. Gallagher & Co. acquires Rosenzweig Insurance Agency, a firm that offers full-service insurance brokerage services for health care.

Insurance • Mineola, NY • Deal


PSG invests in Airworks, a developer of an AI-powered mapping solution providing geospatial data processing and analytics.

3D • Boston, MA • Deal  


Arthur Gallagher acquires Clements Worldwide, an insurance provider for expatriates and international organizations.

Insurance • Washington, DC • Deal


Ryder System to acquire Impact Fulfillment Services, a company that provides outsourced contract packaging and distribution services.

Contract Packaging • Burlington, NC • Deal


Vista Equity Partners to acquire EngageSmart, a software developer that helps manage customer engagement and payment solutions.

Payment Processing • Braintree, MA • Deal


Sixth Street Growth invests in Keyfactor, a software and solutions company that specializes in Internet of Things (IoT) and enterprise digital identity security for data.

SaaS • Independence, OH • Deal


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