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GM is giving up on Cruise robotaxis

GM is giving up on Cruise robotaxis
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
December 13, 2024

What We're Reading

  • GM is giving up on Cruise robotaxis, pivots to personal autonomous vehicles [TechCrunch]
  • Harvard and Google to release 1 million public-domain books as AI training dataset [TechCrunch]
  • Microsoft quietly axes Skype credit and phone number sales to push subscriptions [TechCrunch]
  • ChatGPT and Sora experienced a major outage [TechCrunch]

Trending Companies

9fin, a company that developed an AI-powered analytics platform for debt capital markets, raises $50MM Series B from Highland Europe.

Analytics • London, United Kingdom

 

Zopa, a firm that offers a variety of financial solutions such as credit and loans, raises €80MM Equity Funding from A.P. Moller Holding.

Loans • London, United Kingdom

 

Nscale, a firm that offers AI, high-performance computing, and cloud systems, raises $155MM Series A from Sandton Capital Partners.

DevOps • Glomfjord, Norway

 

Alchemyca Biotech, a waste-to-value technology company accelerating the shift to a low-carbon, circular economy, raises $2.5MM Equity Funding from Ferment.

Renewable Energy • San Diego, CA • Post-Money Valuation

 

OneRail, a company that develops an online logistics management platform designed to provide a retail point-of-sale integration experience, raises $42MM Series C from Aliment Capital.

Point of Sale • Orlando, FL • Post-Money Valuation

 

TearSolutions, a biotech company developing therapies for the treatment of ocular surface related diseases, raises $3MM Series B from Undisclosed Investors.

Biotechnology • Charlottesville, VA • Post-Money Valuation

 

Lightning AI, a developer of operating systems for artificial intelligence, raises $50MM Equity Funding from Cisco Investments.

Operating Systems • New York, NY • Post-Money Valuation

 

Biosurfaces, a company that creates product solutions by engineering biology with synthetic cellular matrices for applications ranging from IVRT and delivery of bio-active therapeutics to medical devices and consumer health products, receives $2.1MM Grant from Bill & Melinda Gates Foundation.

Nanotechnology • Ashland, MA • Post-Money Valuation

 

Sola, an insurtech firm that provides data-driven policies, raises $3.7MM Seed from Fintop Capital.

Fintech • Atlanta, GA • Post-Money Valuation

 

Pixeltable, an open-source AI data infrastructure firm, raises $5.5MM Seed from The General Partnership.

Analytics • San Francisco, CA • Post-Money Valuation

 

Nectir, a developer of a personalized AI learning partner, raises $6.3MM Seed from Long Journey Ventures.

E-Learning • Goleta, CA • Post-Money Valuation

 

Lucra Sport, a company that operates as a social-first sports gaming platform, raises $10MM Equity Funding from 7GC & Co.

Esports • New York, NY • Post-Money Valuation
 

BRM Labs, a company that develops a vendor management and procurement platform, raises $15MM Series A from Caffeinated Capital.

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

 

EvenFlow AI, a company that develops AI-driven scheduling software to optimize auto dealership service appointments and increase profits, raises $1.5MM Seed from FM Capital.

Scheduling • Chicago, IL • Post-Money Valuation

 

MaxHome, a company that develops a real estate platform designed to automate tasks and transactions, raises $2MM Pre-Seed Funding from BBG Ventures.

Real Estate Technology • Fremont, CA • Post-Money Valuation

 

Service Express acquires Mid-Range Computer, a managed infrastructure solutions provider.

Managed Services • Markham, Canada

 

Green Rebates acquires Seinergy, a company delivering utility rebate expertise for the cannabis and horticulture lighting and custom applications.

Horticulture • Langley, WA • Deal

 

Axios HQ acquires Mixing Board, a community members platform developer that connects leaders who are marketing experts, seasoned brand strategists, social and content specialists, community builders, researchers, speechwriters and policy veterans.

Collaboration • Orinda, CA • Deal

 

AirX Climate Solutions acquires Powrmatic, a HVAC designer and manufacturer providing cooling and heating air turnover products and solutions.

HVAC • Finksburg, MD • Deal

 

The Valcourt Group acquires Restocon, a full-service commercial and industrial restoration and waterproofing contractor.

General Contractor • Tampa, FL • Deal

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