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Here is what’s illegal under California’s 18 (and counting) new AI laws

Here is what’s illegal under California’s 18 (and counting) new AI laws
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
October 1, 2024

What We're Reading

  • Here is what’s illegal under California’s 18 (and counting) new AI laws [TechCrunch]
  • After delivering astronauts to ISS, SpaceX’s Falcon 9 grounded after 3rd anomaly in 3 months [TechCrunch]
  • The WordPress vs. WP Engine drama, explained [TechCrunch]
  • HungryPanda, a food-ordering app for the Asian diaspora, picks up $55M at a valuation of around $500M [TechCrunch]

Trending Companies

 

Mews, a provider of property management system designed to simplify and automate all operations for modern hoteliers and their guests, raises $100MM Equity Funding from Vista Credit Partners.

Automation • Vinohrady, Czech Republic

 

Qure AI, a healthcare technology company that provides automated interpretation of radiology exams and ultrasound scans, raises $65MM Series D from Lightspeed Venture Partners.

Diagnostics • Mumbai, India

 

Utility Global, a company that provides industrial decarbonization through innovative gas conversion technologies, raises $33MM Series C from OPG Pension Plan.

CleanTech • Houston, TX • Post-Money Valuation

 

Bot Auto, a company that develops and operates autonomous trucks for middle-mile freight, raises $20MM Equity Funding from UpHonest Capital.

Trucking • Houston, TX • Post-Money Valuation

 

The Looma Project, a company that operates a digital storytelling platform intended to inspire, educate, and humanize the shopping experience, raises $10MM Equity Funding from Yeti Capital.

Marketplace • Durham, NC • Post-Money Valuation

 

Ensemble AI, a company that develops an artificial intelligence tool intended to optimize and train machine learning models, raises $3.3MM Seed from Salesforce Ventures.

Machine Learning • San Francisco, CA • Post-Money Valuation

 

DefectDojo, a provider of DevSecOps and vulnerability management tools, raises $7MM Equity Funding from Iolar Ventures.

Network Security • Austin, TX • Post-Money Valuation

 

Clarity Cosmetics, a firm that manufactures and distributes hair care products, raises $9MM Series A from George Mrkonic.

Personal Care • Bethesda, MD • Post-Money Valuation

 

Piersica, a firm that develops solid-state lithium batteries, receives a $1MM Grant from National Science Foundation.

Batteries • Sunrise, FL • Post-Money Valuation

 

Eradivir, a firm that develops a novel bispecific immunotherapy platform, raises $10.3MM Series A from Philip Low.

Biotechnology • West Lafayette, IN • Post-Money Valuation

 

Mendaera, a developer of a platform that combines real-time imaging, robotics and artificial intelligence to make intervention more accessible, raises $73MM Series B from Threshold Ventures.

Robotics • San Mateo, CA • Post-Money Valuation

 

Tetrix, a developer of a SaaS platform for alternative investment management, raises $5MM Seed from Innovation Endeavors.

Big Data • New York, NY • Post-Money Valuation

 

ampUp, a developer of a software platform that allows businesses and property owners the ability to efficiently manage multiple charge stations in one place, raises $15MM Series A Touchdown Ventures.

Charging-as-a-Service • Cupertino, CA • Post-Money Valuation

 

iStorage Group acquires Kanguru Solutions, a manufacturer of hardware-encrypted USB flash drives, remote management and cloud-based Endpoint Security services, and duplication equipment.

Flash Storage • Millis, MA • Deal

 

Rainmaker Labs acquires Shipsi, a provider of same-day and scheduled delivery services for online and retail stores.

Courier Service • Austin, TX • Deal

 

Pomelo Care acquires The Doula Network, a firm that offers maternity care services such as non-clinical, emotional, physical and informational support before, during and after labor and birth.

Women Care • Orlando, FL • Deal

 

Commvault Systems acquires Clumio, a secure air-gapped SaaS solution developer that enables organizations to achieve stringent compliance requirements, backup and restore data in minutes, and gain better visibility to optimize cloud storage costs.

Cloud • Santa Clara, CA • Deal

 

Godspeed Capital invests in BNP Associates, a company that provides specialized consulting services to the air transportation industry.

Engineering • Denver, CO • Deal

 

HP acquires Vyopta, a software firm which develops a performance management platform that offers a collaboration management alternative to offer multivendor analytics with both real-time and historical monitoring.

IT Consulting • Austin, TX • Deal

 

Buchanan Technologies acquires Heartland IT, an Oracle Resource Delivery Firm that specializes in providing top tier consulting talent within Oracle products.

IT Consulting • Dallas, TX • Deal

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