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xAI releases Grok-2, adds image generation on X

xAI releases Grok-2, adds image generation on X
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
August 15, 2024

What We're Reading

  • xAI releases Grok-2, adds image generation on X [TechCrunch]
  • Apple finally allows Spotify to show pricing info to EU users on iOS [TechCrunch]
  • MIT researchers release a repository of AI risks [TechCrunch]
  • Check out this $800 rotating VR chair for Meta Quest [TechCrunch]

Trending Companies

 

Inscora, a company that provides automated cyber risk assessment and sales enablement tools for cyber insurance brokers, raises $2MM Pre-Seed Funding from Luge Capital.

Cyber Security • Montreal, Canada

 

Perceptive Space, a company that develops AI-powered space weather platform intended to predict harsh space environments, raises $2.8MM Pre-Seed Funding from Panache Ventures.

Weather • Toronto, Canada

 

Abnormal Security, a company that operates a cloud email security platform intended to prevent cyber-crimes, raises $250MM Series D from Wellington Management.

Cyber Security • San Francisco, CA • Post-Money Valuation

 

NeuroTherapia, a clinical-stage pharmaceutical company that develops treatments for neurodegenerative diseases, raises $12.3MM Series B from Cleveland Clinic Innovations.

Pharmaceuticals • Gates Mills, OH • Post-Money Valuation

 

Seeq, a data analytics software company that provides advanced solutions for industrial process optimization and operational intelligence, raises $50MM Series D from Sixth Street Partners.

Analytics • Seattle, WA • Post-Money Valuation

 

Curio Research, a developer of crypto web3 games, raises $5.7MM Equity Funding from Bain Capital Ventures.

Web3 • San Francisco, CA • Post-Money Valuation

 

Contextual, a company that is developing the next generation of foundation models that provide fully customizable, trustworthy, privacy-aware AI, raises $80MM Series A from Greycroft Partners.

Generative AI • Palo Alto, CA • Post-Money Valuation

 

Groq, a machine learning systems company building easy to use, high TOPS/Watt accelerators with sub-millisecond latency, raises $640MM Series D from BlackRock Private Equity Partners.

Artificial Intelligence • Menlo Park, CA • Post-Money Valuation

 

HubiFi, a company that provides financial automation and analysis for high transaction businesses, raises $2.5MM Seed from Motivate Ventures.

Automation • Columbus, OH • Post-Money Valuation

 

Boostly, a company that operates an online training platform designed to empower hosts and property managers in the hospitality industry, raises $5.6MM Seed from Trestle Partners.

Digital Marketing • Orem, UT • Post-Money Valuation

 

Latham Group acquires Coverstar Central, a firm that distributes an automatic pool cover.
Automation • Indianapolis, IN • Deal

 

 

Avista Healthcare Partners acquires Trillium Health Care Products, a product formulator & contract manufacturer of prescription (RX) and over-the-counter (OTC) life science based products.

Pharmaceuticals • Brockville, Canada

 

IXL Learning acquires Carson Dellosa Education, a firm that offers products including K-8 supplemental education content, digital and print workbooks, test-prep, hands-on learning materials, classroom decoration and resources for educators.

Publishing • Greensboro, NC • Deal

 

ECi Software Solutions acquires Profitkey International, a firm that develops an enterprise resource planning software designed to leverage technology for solving complex business challenges.

Enterprise Software • Salem, NH • Deal

 

Climatec acquires Engineered Control Solutions, a building automation systems integrator installing and servicing open control systems.

Equipment • Fuquay Varina, NC • Deal

 

GRM acquires Metropolitan Archives, a firm that provides full service, professional, records-storage center dedicated to the secure storage, accurate retrieval and prompt delivery of customer business records.

Records Management • Hyattsville, MD • Deal

 

RW Garage Doors acquires Aaron Overhead Doors, a manufacturer of garage doors that provides repair and installation services.

Windows & Doors • Buford, GA • Deal

 

WiZiX Technology acquires California Business Machines, a firm that distributes office equipment and supplies such as printers, shredders and cartridges.

Office Supplies • Fresno, CA • Deal

 

Blackstone acquires Westwood Professional Services, a comprehensive engineering, surveying, and environmental firm with expertise in wind energy, solar energy, energy storage, power delivery, EV infrastructure, commercial, institutional, residential, and public infrastructure.

Land Surveying • Plano, TX • Deal

 

Highstreet Insurance Partners acquires Columbia Insurance & Wealth Management, a provider of business and personal lines insurance coverage.

Auto Insurance • Vancouver, WA • Deal

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