Revenue RoundUp Newsletter

?? Status in the M&A Involving U.S.-Based, VC-Backed Startups #mergers #acquisition

The M&A transaction volume has shown variability throughout the year, remaining within the range of an average of 150 transactions per month.? January witnessed the highest number of transactions, but that wasn't reflected in the total value of transactions (not all transactions were fully disclosed with transaction value). Of course, July only includes MTD data, which is expected to increase.

Notable large deals on the software M&A front this past quarter include security company CyberArk’s bid for identity management company Venafi for $1.5 billion. Intelligence platform AlphaSense plans to acquire competitor Tegus for $930 million. Run: AI, a company that improves GPU performance, will be acquired by Nvidia for $700 million.

??? The biggest acquirers YTD:?

Infinite Reality

• Action Face Specializes in creating personalized 3D-printed action figures using advanced facial scanning technology.
• Stakes Engages sports fans through interactive and gamified experiences, enhancing fan participation and involvement.
• The Drone Racing League Organizes and promotes professional drone racing competitions, combining sports, entertainment, and technology.
• Infinite Reality Enterprise (Formerly Landvault) Provides tools and services for creating and monetizing virtual land in the metaverse.

EQT Group ?

• WSO2 Provides open-source integration, API management, and identity management solutions.
• Avetta Connects the world's leading organizations with qualified suppliers, contractors, and vendors through a cloud-based supply chain risk management platform.
• CluePoints Offers risk-based study execution and data quality oversight software for clinical trials, enhancing the reliability of clinical research data.
• Constellation Cold Logistics Provides temperature-controlled storage and logistics services, ensuring the safe transportation of perishable goods.

Cloudflare

• PartyKit (acquired by Cloudflare) Enhances collaborative online experiences by providing tools for real-time interactions and events.
• Baselime (acquired by Cloudflare) Specializes in serverless observability, helping developers monitor and troubleshoot serverless applications.
• BastionZero (acquired by Cloudflare) Focuses on zero-trust access solutions for cloud infrastructure, ensuring secure remote access without VPNs.
• Nefeli Networks Develops network automation solutions to streamline and optimize enterprise network management.

英伟达 's Recent Acquisitions

• Shoreline.io : Provides automated incident response and management tools to enhance operational efficiency and reduce downtime.
• Deci AI (Acquired by NVIDIA) Develops AI optimization software to improve the efficiency and performance of AI models.
• Run:ai Specializes in AI infrastructure management, offering solutions to streamline and optimize AI workloads.?

??? Industry in focus #cybersecurity

The cybersecurity sector has seen substantial investment activity, with significant funding rounds in Q2'24 highlighting the industry's critical role in modern technology infrastructure. Unlike many other sectors limited to seed or Series A funding rounds, the industry is immune to the limited funding rounds. We see more late venture investments across the board. Here are the largest investments made in Q2 24 include:

• Wiz Raised $1 billion in Series E funding. Wiz is a cloud security company that identifies security issues in public cloud infrastructure.
• I-TRACING Secured €500 million (approximately $537 million) in a Venture Round. I-TRACING is a leading European Managed Security Service Provider (MSSP).
• Cyera Raised $300 million in Series C funding. Cyera offers an AI-powered data security platform to ensure cyber resilience and compliance.
• Island Secured $175 million in Series D funding. Island develops an enterprise browser to enhance security and productivity.
• Huntress Raised $150 million in Series D funding. Huntress provides cybersecurity solutions for small and mid-sized businesses and managed service providers.