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OpenAI claps back at Elon Musk's 'incoherent' lawsuit

OpenAI claps back at Elon Musk's 'incoherent' lawsuit
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
March 13, 2024

What We're Reading

  • OpenAI claps back at Elon Musk's 'incoherent' lawsuit, says he's jealous of the company's success without him [Business Insider]
  • Code suggests that TikTok could be building an app for photos [TechCrunch]
  • Google won’t let you use its Gemini AI to answer questions about an upcoming election in your country [TechCrunch]
  • Apple to allow web distribution for iOS apps in latest DMA tweaks [TechCrunch]

Trending Companies

 

Ontraccr Technologies, a firm that develops a no-code platform to automate works for construction industry, raises $1.2MM Seed from LAB Ventures.

No Code • Vancouver, Canada

 

LactaLogics, a company focusing on human milk-based nutrition for premature and at-risk infants, raises $92MM Debt and Equity Funding from Undisclosed Investors.

Biotechnology • Port Saint Lucie, FL • Post-Money Valuation

 

Velou, a company that provides an AI-powered copilot for brands, retailers, and marketplaces, utilizing intelligent product enrichment technology to automate product catalog optimization, enhance product discoverability, and drive sales conversions, raises $4MM Seed from Animo Ventures.

Artificial Intelligence • San Francisco, CA • Post-Money Valuation

 

Sonarverse, a company that develops a crypto data infrastructure platform, raises $7MM Seed from BlockTower Capital.

Cryptocurrency • Irvine, CA • Post-Money Valuation

 

Vescent, a manufacturer and supplier of CW lasers, frequency combs, low-noise electronic control systems, and micro-optic assemblies, raises $5MM Seed from Corporate Fuel Advisors.

Electronics • Golden, CO • Post-Money Valuation

 

CARiD.com, an e-commerce platform specializing in car parts and accessories, raises $35MM Equity Funding from Fifth Star, Inc.

E-Commerce • Cranbury, NJ • Post-Money Valuation

 

Defense Unicorns, a software startup that provides open-source software and AI capabilities for National Security systems, raises $35MM Series A from Sapphire Ventures.

Artificial Intelligence • Colorado Springs, CO • Post-Money Valuation

 

Brain Jar Games, a company that develops online games, raises $6.7MM Seed from Transcend Fund.

Online Games • San Francisco, CA • Post-Money Valuation

 

Roar Beverages, a company that manufactures natural line of vegan, low-calorie, low-sugar, electrolyte-infused beverages, raises $10MM Equity Funding from Factory.

Beverages • Port Washington, NY • Post-Money Valuation

 

Hunting Land Rentals by Owner, a company that operates an online lease-hunting platform designed to connect hunters with landowners, raises $1MM Seed from Great North Ventures.

Platform • Port Washington, NY • Post-Money Valuation

 

 

FitLab, a fitness and sports lifestyle company that offers boutique fitness studio and at-home event platform, raises $65MM Debt Funding from Atlas Credit Partners.

Fitness • Newport Beach, CA • Post-Money Valuation

 

Io.net, a company that develops a blockchain-based GPU cloud platform, raises $30MM Series A from Hack VC.

Blockchain • New York, NY • Post-Money Valuation

 

Cherub, a company that operates a platform that links advisers, investors, and founders, raises $1MM Seed from Alli Webb.

Finance • Burbank, CA • Post-Money Valuation

 

Guardrails AI, a company that develops an open-source library designed to ensure interactions with Large Language Models, raises $7.5MM Seed from Zetta Venture Partners.

Large Language Model • Menlo Park, CA • Post-Money Valuation

 

Jonathan Govan acquires SureClean Solutions, a firm that provides carpet, tile, grout, and hard surface cleaning services.

Cleaning • The Villages, FL • Deal

 

Esm Group International acquires Metro Academic Prep, a firm that offers comprehensive educational tutoring services.

Education • New York, NY • Deal

 

Linus Health acquires Aural Analytics, a firm that develops a speech analytics platform intended to detect subtle, clinically relevant aspects of human health.

Analytics • Scottsdale, AZ • Deal

 

MiddleGround Capital acquires IT8, a company that provides line automation engineering services for the automotive and intralogistics sectors.

Industrial Automation • Troy, MI • Deal

 

Sugar Foods acquires Concord Foods, a supplier of retail food products and custom ingredients.

Ingredients • Brockton, MA • Deal

 

Core & Main acquires Dana Kepner, an independent distributor to the water and wastewater industries.

Distribution • Denver, CO • Deal

 

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