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AI can’t replace human writers

AI can’t replace human writers
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
May 5, 2023

What We're Reading

  • AI can’t replace human writers [TechCrunch]
  • The FTC wants to ban Meta from monetizing youth data [Axios]
  • Everyone in the banking space is 'a little too happy' right now [Yahoo]
  • TikTok partners with top publishers on its new premium and brand-safe ad slot, ‘Pulse Premiere’ [TechCrunch]

Trending Companies


Mavenir, a provider of end-to-end, cloud-native mobile network software for communication service providers and enterprises, raises $100MM Equity Funding from Siris Capital Group.

Enterprise Software • Richardson, TX • Post-Money Valuation


Pluto Biosciences, a company that developed a cloud-based platform designed to visualize and analyze complex biological data sets, raises $3.7MM Seed from Silverton Partners.

Bioinformatics • Golden, CO • Post-Money Valuation


Inbanx, a company that provides a budget and spending control solution, raises $3.6MM Seed from The Caste Creek Launchpad Fund.

Fintech • Austin, TX • Post-Money Valuation


Frontline Wildfire Defense, a company that developed a defense system for wildfires, raises $6.4MM Seed from Echelon.

Fire Protection • San Rafael, CA • Post-Money Valuation


Aiden Technologies, a company focused on software deployment and patch management solutions for Microsoft Windows, raises $4.5MM Seed from Right Side Capital Management.

Software • Plano, TX • Post-Money Valuation


Sniffer Robotics, a company that offers aerial (drone-based) services, raises $2MM Seed from Michigan Angel Fund.

Monitoring • Ann Arbor, MI • Post-Money Valuation


Duetti, a company that operates a music licensing platform, raises $32MM Series A from Viola Ventures.

Licensing • New York, NY • Post-Money Valuation


Convergent Therapeutics, a clinical-stage biotechnology company exploring the full potential of dual-targeted combination strategies to treat cancer, raises $90MM Series A from Orbimed.

Drug Research • Cambridge, MA • Post-Money Valuation


Autonomize AI, a company that developed a human-centric AI platform intended to democratize access to insights from clinical and biomedical data, raises $4MM Seed from Asset Management Ventures.

Health Care Technology • Austin, TX • Post-Money Valuation


Uwill, a company that developed a technology platform that helps facilitate video and message-based counseling for students, raises $30MM Series A from Education Growth Partners.

Consumer Software • Natick, MA • Post-Money Valuation

Since last week, PrivCo has added:
142 Companies | 124 Funding Rounds | 128 M&A Deals


Thesis, a company that provides personalized brain supplements, raises $8.4MM Series A from Unilever Ventures.

Mental Health • New York, NY • Post-Money Valuation


Patheous Health, a provider of dysphagia diagnostics and therapeutics, raises $15.5MM Equity Funding from NewSpring Capital.

Health Care • Overland Park, KS • Post-Money Valuation


Simpplr, a social intranet drives employee engagement, raises $70MM Series D from Sapphire Ventures.

Collaboration • Redwood City, CA • Post-Money Valuation


MayMaan Research, a clean energy and power generation technology company intended to reduce emissions and costs for a sustainable future, raises $30MM Series A from Wave Equity Partners.

Generators • Hollywood, FL • Post-Money Valuation


Essenvia, a developer of an online regulatory submission platform for the medical devices industry, raises $4MM Pre-Series A from Benhamou Global Ventures.

Health Care Technology • Los Angeles, CA • Post-Money Valuation


Range Finance, a developer of an AI-powered wealthtech platform, raises $12MM Series A from Gradient Ventures.

Fintech • McLean, VA • Post-Money Valuation


Greenwood acquires Kinly, a financial services company helping Black America build generational wealth.

Consumer Software • Atlanta, GA • Deal


ICR acquires Lumina Communications, a tech-focused communications and public relations firm.

Content Management • San Jose, CA • Deal


Hildred Capital Management completes its investment in AleraCare, a company that provides infusion treatments and specialty pharmacy services.

Health Care Services • Phoenix, AZ • Deal


Everlane Equity Partners invests in South Watch, a company that provides fund administration, tax preparation, outsourced CFO and hedge fund consulting.

Investment Management • Canton, MA • Deal

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