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OpenAI is losing money on its ChatGPT Pro plan

OpenAI is losing money on its ChatGPT Pro plan
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
January 7, 2024

What We're Reading

Trending Companies

 

Moleculight, a company that provides fluorescence imaging for real-time detection of wounds, raises $27.5MM Equity Funding from Hayfin Capital Management LLP.

Imaging • Toronto, Canada

 

Orbis Medicines, a firm that develops oral macrocycle drug for therapeutics to improve the lives of patients, raises €90MM Series A from NEA.

Life Sciences • Frederiksberg, Denmark

 

General Proximity, a custom web development and hosting service provider that supports health care and wellness customers, raises $16MM Equity Funding from Aydin Senkut.

Web Design & Development • San Francisco, CA • Post-Money Valuation

 

Treeline Biosciences, a company that develops medicines for patients with cancer and other serious conditions, raises $421MM Equity Funding from Undisclosed Investors.

Biotechnology • Watertown, MA • Post-Money Valuation

 

PBS Biotech, a company that provides single-use bioreactors systems, raises $17MM Equity Funding from BroadOak Capital Partners.

Biotechnology • Camarillo, CA • Post-Money Valuation

 

Kailera Therapeutics, a firm that develops clinical-stage injectable and oral therapies for the treatment of obesity and related conditions.

Life Sciences • Waltham, MA • Post-Money Valuation


SPS Commerce acquires Carbon6 Technologies, a developer of an all-in-one Amazon growth platform designed to help increase profitability, drive revenue, and operate efficiently.

SaaS • Toronto, Canada

 

ACI Mechanical acquires Sno Valley Process Solutions, a mechanical contractor that supports HVAC and refrigeration service community.

HVAC • Everett, WA • Deal

 

Mattr acquires AmerCable, a company that manufactures electrical power, control, and instrumentation cables.

Wire & Cable • El Dorado, AR • Deal

 

Strategic Value Partners completes the acquisition of Revelyst, a company that designs and manufactures performance gear and precision technologies.

Sports • Anoka, MN • Deal

 

 

Elliott Investment intends to acquire AGC, a company that manufactures or sells greeting cards, gift packaging, party goods, stationery and giftware.

Cards & Stationery • Cleveland, OH • Deal

 

Construction Partners acquires Overland, an asphalt manufacturing and paving firm.

Asphalt • Ardmore, OK • Deal

 

Knife River intends to acquire Strata, a firm that provides a wide variety of construction materials like rock products and ready-mixed concrete and their transportation through roadways.

Aggregates • Grand Forks, ND • Deal

 

Oceans Healthcare acquires Haven Behavioral, a company that provides inpatient psychiatric stabilization and treatment to adults experiencing acute symptoms of depression, anxiety, psychosis or other severe behavioral problems.

Behavioral Health • Nashville, TN • Deal

 

Later acquires Mavely, a developer of software platform that connects influencers to brands.

SaaS • Chicago, IL • Deal

 

Vacatia acquires Daily Management, a company that provides resort management services.

Property Management • Fort Lauderdale, FL • Deal

 

Olympus Partners acquires Accelevation, a company that provides fully integrated, data center white space infrastructure product manufacturing and self-performing, fit-up solution design, and project delivery.

Data Centers • Miamisburg, OH • Deal

 

Cerberus Capital Management acquires Landmark Structures, a specialty engineering and contracting company.

General Contractor • Fort Worth, TX • Deal

 

Orion Advisor acquires Summit Wealth Systems, a software company that provides cloud and mobile software platform for wealth managers to manage and improve their relationship with clients.

Cloud • San Francisco, CA • Deal

 

Invst acquires NS Capital, a firm that offers investment advisory services.

Asset Management • Stamford, CT • Deal

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