X now offers an MCP server; Assort Health raises $120MM Series C from Menlo Ventures

Daily list of private company financial insights

July 1, 2026

What We're Reading

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

Trending Companies

Airwallex, a provider of a fintech platform for the e-commerce industry, raises $320MM Series H from Addition.

Fintech (3,779) • San Francisco, CA • Post Money Valuation

 

Trase AI, a company that developed an agentic platform that delivers and operationalizes end-to-end autonomous Agents and Agent applications at scale, raises $107MM Seed from ARCH Venture Partners.

Automation (3,823) • Mc Lean, VA • Post Money Valuation

 

Arca Wealth, an AI-native wealth management company, raises $48.5MM Series A from General Catalyst Partners.

Artificial Intelligence (7,889) • New York, NY • Post Money Valuation

 

Netris, a company that provides network automation and multi-tenancy for AI infrastructure, raises $15MM Series A from Andreessen Horowitz LLC.

Infrastructure (1,579) • Santa Clara, CA • Post Money Valuation

 

Neurometric AI, a company that develops an AI inference optimization platform that automatically routes AI workloads to the most cost-effective models and generates task-specific small language models to improve performance while reducing token costs, raises $4MM Equity Funding from Betaworks.

Artificial Intelligence (7,889) • New York, NY • Post Money Valuation

Scaled Cognition, an artificial intelligence platform provider focuses on developing deterministic intelligence for enterprise operations, prioritizing policy adherence over creative improvisation to eliminate hallucinations in high-stakes tasks, raises $100MM Series A from Khosla Ventures.

Software Development (12,757) • Mountain View, CA • Post Money Valuation

 

Sail Research Co., an artificial intelligence infrastructure company that develops an AI inference platform optimized for high throughput and resource utilization rather than low latency, purpose-built to sustain long-horizon, asynchronous AI agents executing extended, multi-task workflows, raises $80MM Series A from Kleiner Perkins.

Artificial Intelligence (7,889) • San Francisco, CA • Post Money Valuation

 

Oblenio Bio, a clinical-stage biotechnology company developing LBL-051, an innovative tri-specific T-cell engager (TCE) designed to completely reset the immune system in severe autoimmune diseases, raises $62MM Series B from Pfizer Venture Investments.

Biotechnology (5,929) • Cambridge, MA • Post Money Valuation

 

Redo Tech, a commerce technology company that operates an all-in-one e-commerce infrastructure platform designed to consolidate technology stacks for direct-to-consumer brands, raises $81MM Series B from Smash Capital.

Software (29,273) • Draper, UT • Post Money Valuation

 

Arxis, Inc. intends to acquire Omnetics Connector Corporation, a designer and manufacturer of proprietary high-reliability Micro-D-Sub and Nano-D-Sub connectors and interconnect assemblies used in critical defense and space, commercial aerospace, and medical applications.

Wire & Cable (576) • Minneapolis, MN • Deal

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