M&A Activity From IBM

?SOURCING IDEAS

Companies that raised ~1 year ago, or recently announced stealth moves.

???Farther, a New York, NY-based?wealth management startup, raised?$31 million late last September?at a $131 million valuation in a?Series B?funding round led by?Lightspeed, with participation from?Bessemer Venture Partners,?Cota Capital,?Khosla Ventures,?MassMutual Ventures?and?Moneta VC.

???Emma Yu?recently announced a new position as the?Co-Founder & CEO?of a?Stealth Startup?building?AI agents?in the?marketing?space. Prior to this, Emma served as the?CPO?of?MileIQ?and at various leadership position around?product/marketing?at?LinkedIn?and?Microsoft. Emma holds multiple degrees, including an?MS?in?Commerce?from the?University of Virginia.

????Nexusflow, a Palo Alto, CA-based?startup using generative AI to help companies make sense of cybersecurity data, raised?$10.6 million late last September?in a?Seed?round led by?Point72 Ventures, with participation from?Fusion Fund?and several individual investors.

M&A

????Typeface,?a generative AI startup, acquired?Treat?and?Narrato, expanding its enterprise offerings. The amount was undisclosed.

???PharmaLegacy,?a Shanghai, China-based?preclinical CRO, acquired?BTS Research?to become a “highly competitive global CRO.” The amount was undisclosed.

???Workday, a?Pleasanton, CA-based?HR and financial management SaaS solution acquired?Evisort,?a Boston, MA-based?AI-powered contract management platform. The amount was undisclosed.

???IBM, a?Armonk, NY-based?IT technology and consulting firm acquired?Kubecost,?a San Francisco, CA-based?Kubernetes cost optimization startup. The amount was undisclosed.

???Kiwibot,?a Berkeley, CA-based?delivery robot company, acquired?Nickelytics?for?$25 million?to turn its robots into mobile billboards.

VC DEALS

????Supermaven,?a?San Francisco, CA-based?AI coding assistant, raised?$12 million?in a funding round led by?Bessemer Venture Partners, with participation from the?OpenAI?and?Perplexity?co-founders.

???11xAI,?a Berlin, Germany-based?AI digital employee platform, raised?$24 million?in a?Series A?funding round led by?Benchmark.

???TeamBridge,?a San Francisco, CA-based?Workforce OS for hourly workforces, raised?$28 million?in a?Series B?funding round led by?Mayfield, with participation from?General Catalyst?and?Abstract Venture.

???Flink,?a Berlin, Germany-based?quick commerce startup, raised?$150 million?in a funding round led by?BOND, with participation from?Mubadala,?Northzone, and others.

???Loop,?a Miami, FL-based?small business money movement platform, raised?$4.7 million?in a funding round led by?Mistral Venture Partners.

???Dirt,?a Palo Alto, CA-based?sensor-based neuroscience startup, raised?$2 million?in funding from?Mark Cuban?and others to measure player attention.

????Intezer,?a New York, NY-based?AI-powered security operations company, raised?$33 million?in a?Series C?funding round led by?Norwest Venture Partners, with participation from?OpenView, Intel Capital,?Magma, and others.

???Orb,?a San Francisco, CA-based?modern billing platform, raised?$25 million?in a?Series B?funding round led by?Mayfield, with participation from?Menlo Ventures,?Greylock Partners,?and others.

???6K,?a North Andover, MA-based?sustainable materials production company, raised?$82 million?in a?Series E?funding round led by?Anzu Partners,?with participation from?Energy Impact Partners,?Volta Energy Technologies, and others.

???DeltaStream,?a Menlo Park, CA-based?serverless stream processing platform, raised?$15 million?in a?Series A?funding round led by?New Enterprise Associates (NEA), with participation from?Galaxy Interactive?and?Sanabil Investments.

???Arzeda,?a Seattle, WA-based?protein design company, raised?$38 million?in an oversubscribed funding round led by?Sofinnova Partners, with participation from?Fall Line Capital,?Sucden Ventures, and others.

???Cybord,?a Wilmington, DE-based?visual AI solution for electronic component quality and authenticity, raised?$8.7 million?in a?Series A?funding round led by?Capri Ventures, with participation from?Ocean Azul Partners,?IL Ventures,?and others.

????GreenLite,?a New York, NY-based?construction technology company, raised?$28.5 million?in a?Series A?funding round led by?Craft Ventures?with participation from?53 Stations,?Trust Ventures, and others.

????BlackCloak,?an Orlando, FL-based?cybersecurity firm, raised?$17 million?in a?Series B?funding round led by?Baird Capital?with participation from?TechOperators?and?TDF Ventures, and others.

???Nura Bio,?a South San Francisco, CA-based?biotech company, raised over?$140 million?in a?Series A?funding round led by?The Column Group, with participation from?Samsara BioCapital,?Euclidean Capital, and?Sanofi Ventures.

???Roots Automation,?a New York, NY-based?digital coworker platform, raised?$22.2 million?in a?Series B?funding round led by?Harbert Growth Partners,?with participation from?MissionOG,?Liberty Mutual Strategic Ventures,?and?Vestigo Ventures.

???Engine,?a Denver, CO-based?business travel startup, raised?$140 million?in a?Series C?funding round led by?Permira.

????RunSafe Security,?a McLean, VA-based?cybersecurity company, raised?$12 million?in a?Series B?funding round led by?Critical Ventures?and?SineWave Venture Partners, with participation from?BMW i Ventures,?Working Lab Capital, and others.

????Rep.ai,?a San Francisco, CA-based?AI startup developing digital twin sales representatives, raised?$7.5 million?in a funding round led by?Browder Capital, with participation from?Gradient, and?M[X]V.

???Brisk Teaching,?a San Francisco, CA-based?AI-powered Chrome extension for educators, raised?$5 million?in a?Seed?funding round led by?Owl Ventures, with participation from?South Park Commons,?Springbank Collective, and others.

???AIR COMPANY,?a New York, NY-based?carbon conversion technology company, raised?$69 million?in a?Series B?funding round led by?Avfuel?with participation from?Lowercarbon Capital, IQT,?and others.

???Prof Jim,?a Cincinnati, OH-based?AI-driven education startup, raised?$1.5 million?in a?Seed?funding round led by?Don Douglas.

???Fal.ai,?a San Francisco, CA-based?platform for AI-generated media, raised?$23 million?in funding from?Andreessen Horowitz (a16z),?with participation from?Black Forest Labs co-founder Robin Rombach?and?Perplexity CEO Aravind Srinivas.

???Gamebeast,?a San Francisco, CA-based?startup supporting Roblox game development, raised?$3.7 million?in pre-seed funding led by?J2 Ventures?with participation from?a16z SPEEDRUN,?The Mini Fund, and?Spaceport CEO Le Zhang.

???Point.me,?a New York, NY-based?points and travel reward search platform, raised?$15 million?in a?Series B?funding round led by?Nyca Partners?and?Citi Ventures, with participation from?Brian Kelly,?Samsung Next, and others.

???PictorLabs,?a Los Angeles, CA-based?histopathology software company, raised?$30 million?in a?Series B?funding round led by?Insight Partners, with participation from?M Ventures.

????Picus Security,?an Ankara, Turkey-based?cybersecurity company founded by three mathematicians, raised?$45 million?in a?Series C?funding round led by?Riverwood Capital, with participation from?Earlybird Digital East Fund.

???Fathom,?a San Francisco, CA-based?AI notetaker startup, raised?$17 million?in a funding round led by?Telescope Partners.

???AtoB,?a San Francisco, CA-based?transportation payments provider, raised?$130 million?in a?Series C?funding round led by?General Catalyst?and?Bloomberg Beta?with participation from?Mastercard?and others.

???LiquidStack,?a Carrollton, TX-based?liquid cooling solutions provider for data centers, raised?$20 million?in a?Series B extension?funding round led by?Tiger Global.

???Ferrum Health,?a San Francisco, CA-based?AI healthcare software platform, raised?$16 million?in a?Series A?funding round led by?Foundry, with participation from?Catalyst by Wellstar,?Headwaters Ventures, and others.

????Virtuous,?a Phoenix, AZ-based?fundraising CRM for nonprofits, raised?$100 million?from?Susquehanna Growth Equity.

???Yonder,?a London, UK-based?credit card company, raised?$31 million?to expand internationally in a funding round led by?RTP Global.

???Mercor,?a San Francisco, CA-based?marketplace for AI development tools, raised?$30 million?in a?Series A?funding round led by?Benchmark, with participation from?General Catalyst,?Peter Thiel, and others.

???Physics Wallah,?an India-based?edtech startup, raised?$210 million?in a?Series B?funding round led by?Hornbill Capital, with participation from?Lightspeed Ventures Partners,?WestBridge,?and?GSV.

Will you be at the Webinar to learn a bit more about deals and syndicates next week?

Hope to see you there.

John Gannon and the team @ Venture5 Media

?