IBM releases a new mainframe built for the age of AI

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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.
April 9, 2025

What We're Reading

Trending Companies

 

Hello Soju, a company that produces alcoholic drinks intended to offer canned soju and spirits, raises $6.8MM Equity Funding from Ted Schlein.

Alcohol • Los Angeles, CA • Post-Money Valuation

 

Daymark, a company that provides supportive care services designed for cancer patients, raises $11.5MM Seed from Maverick Ventures.

Health Care • Philadelphia, PA • Post-Money Valuation

 

Redpanda, a provider of streaming data platform for developers, raises $100MM Series D from GV.

Platform-as-a-Service (PaaS) • San Francisco, CA • Post-Money Valuation

 

Plaid, a company that develops financial technology infrastructure that enables applications to connect with users' bank accounts and financial data, raises $575MM Equity Funding from Franklin Templeton.

Fintech • San Francisco, CA • Post-Money Valuation

 

Restor3D, a company that develops 3D-printed orthopedic implants, raises $38MM Growth Funding from Summers Value Partners.

Medical Devices • Durham, NC • Post-Money Valuation

 

Series, a company that operates a digital mentorship platform intended to support student entrepreneurs, raises $3.1MM Pre-Seed Funding from Parable.

Social Network • New York, NY • Post-Money Valuation

 

Ethic, a company that offers an asset management platform for wealth and institutional investors, raises $64MM Series D from State Street Global Advisors Limited.

Investment Management • New York, NY • Post-Money Valuation

 

RayThera, a company developing small molecule therapies for critical unmet needs in immunology, raises $110MM Series A from OrbiMed Advisors.

Life Sciences • Spokane, WA • Post-Money Valuation

 

BioLife Solutions acquires PanThera, a company that designs and manufactures cryopreservation solutions for cells, tissues, and organs.

Life Sciences • Edmonton, Canada

 

The AGL Group acquires Ada Logistics, a third-party logistics company.

Third Party Logistics • Ada Township, MI • Deal

 

 

DuraServ acquires Paul Reilly, a company that distributes industrial equipment intended to optimize loading dock operations and in-plant material handling.

Industrial Distribution • Glendale Heights, IL • Deal

 

Daisy acquires Millennium Systems, a company that provides premium audio, video, and systems integration solutions for homes and businesses.

Audio • Orlando, FL • Deal

 

Pinnacle Technology acquires Stratogent, a company that provides IT and Cybersecurity operations.

Cyber Security • San Mateo, CA • Deal

 

Altus Capital Partners acquires Alm Positioners, a manufacturer of headstock/tailstock positioner lifts.

Industrial Manufacturing • Rock Island, IL • Deal

 

IBM acquires Hakkoda, a firm that provides design, build, and manage data-driven solutions.

Analytics • Boulder, CO • Deal

 

OIA Global acquires J.F. Moran, a company that provides customs brokerage, freight forwarding, and supply chain management services.

Freight Brokerage & Forwarding • Smithfield, RI • Deal

 

Inovar Packaging Group acquires Modtek, a firm that offers printing with customized solutions, enabling companies to enhance their marketing efforts and effectively communicate with their target audience.

Printing • Pennsauken, NJ • Deal

 

Ballymore Company acquires Valley Craft Industries, a firm that manufactures a range of material handling equipment, including box dumpers, forklift attachments, carts, hand trucks, material handling lifts, stackers, drum lifts & transporters, cabinets, workstations, and facility storage equipment.

Equipment • Lake City, MN • Deal

 

Digicomm acquires EasyStreet Systems, a firm that builds small cell 5G infrastructure towers designed to serve the telecommunications industry.

Internet of Things • Spokane, WA • Deal

 

Taylor Farms acquires Farmwise Labs, a firm that develops and manufactures farming robots designed to facilitate autonomous cultivation and organic farming.

AgTech • Santa Clara, CA • Deal

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