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xAI’s next-gen AI model didn’t arrive on time

xAI’s next-gen AI model didn’t arrive on time
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
January 6, 2024

What We're Reading

  • xAI’s next-gen AI model didn’t arrive on time, adding to a trend [TechCrunch]
  • Cloudflare’s VPN app among half-dozen pulled from Indian app stores [TechCrunch]
  • New details emerge in Cybertruck explosion outside Trump hotel in Vegas that left 1 dead, 7 injured [TechCrunch]
  • Spotify’s partner program for podcast hosts is now available [TechCrunch]

Trending Companies

Proton Intelligence, a firm that develops a real-time and continuous potassium monitoring wearable, raises $7MM Seed from SOSV.

Wearables • Vancouver, Canada

 

Vitalic, a company that operates in the health care providers industry, raises $4MM Equity Funding from Redesign Health.

Behavioral Health • Boston, MA • Post-Money Valuation

 

Sunairio, a software company developing a climate simulation platform for energy investment, portfolio strategy, and business insights, raises $6.4MM Equity Funding from Buoyant Ventures.

Analytics • Baltimore, MD • Post-Money Valuation

 

Qolab, a superconducting quantum computing company, raises $16MM Series A from Octave Ventures.

Data Analytics • Los Angeles, CA • Post-Money Valuation

 

Infinant, a financial technology company that provides digital platforms to non-financial brands that enable them to offer financial services, raises $15MM Series A from Fintop Capital.

Fintech • Charlotte, NC • Post-Money Valuation

 

Rembrand, a developer of a programmatic product placement platform to embed photo-realistic products into digital videos, raises $23MM Series A from Superset.

Artificial Intelligence • Los Altos, CA • Post-Money Valuation

 

StruxHub, a construction logistics platform that helps general contractors coordinate deliveries, schedules, permits, and site communication with their field teams, raises $4MM Seed from Brick and Mortar Ventures.

SaaS • San Francisco, CA • Post-Money Valuation

 

World Wide Technology acquires Softchoice, a software-focused IT solutions provider that equips organizations to be agile and innovative, and for their people to be engaged, connected and creative at work.

Cloud • Toronto, Canada

 

Visa acquires Featurespace, a company that provides enterprise-financial crime prevention for fraud and anti-money laundering.

Analytics • Atlanta, GA • Deal

 

Wabtec acquires Bloom Engineering, a supplier of high temperature industrial burners and associated combustion equipment.

Equipment • Pittsburgh, PA • Deal

 

One Equity Partners acquires EthosEnergy Group, a company that provides rotating equipment services and systems to the power, oil and gas industries.

Energy • Houston, TX • Deal

 

AmWINS acquires Superior Underwriters, managing general agency focusing on commercial lines, personal lines and transportation business.

Insurance • Bellevue, WA • Deal

 

PAR Technology acquires Delaget, a firm that develops a restaurant management software for accounting, payroll, data warehousing, integrations, loss prevention, operational efficiency, reporting and business intelligence services.

SaaS • Eden Prairie, MN • Deal

 

Orion completes the acquisition of 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

 

Vacatia acquires The Berkley Group, a company that operates in the hotels, resorts, casinos & cruise lines industry.

Leisure • Fort Lauderdale, FL • Deal

 

Thomson Reuters acquires SafeSend, a company that automates the tax and accounting profession with innovative, emerging technologies that help practitioners work more efficiently and serve their clients better.

Automation • Newport Beach, CA • Deal

 

H.I.G. Capital acquires Best Version Media, a company that operates in the publishing industry.

Digital Media • Brookfield, WI • Deal

 

Truelink Capital acquires Global Experience Specialists, a full-service provider for the exhibitions industry.

Trade Shows • Las Vegas, NV • Deal

 

Hamershlag Private Capital invests in Patho Care, a company that manufactures rapid testing devices for viral and respiratory infections.

Medical Devices • Palos Verdes Peninsula, CA • Deal

 

StoragePRO acquires Storage Investment, a self-storage management company operating in the Northeast and MidAtlantic regions.

Property Management • East Amherst, NY • Deal

 

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