Technology Private Placement and M&A Transactions Review
This weekly digest of deals in the Technology sector is designed to provide a quick readout of Private Placement and M&A activity.
Strategy | Financing | Macro & Markets
Private Placement / Financing Transactions
CuspAI: The company is reportedly in the process of raising $400 million of venture funding from Kleiner Perkins, Jeffrey Bezos and Durk Kingma on June 17, 2026, putting the company’s pre-money valuation at $2.2 billion. The company is a developer of an artificial intelligence platform designed to accelerate the discovery and development of advanced materials for industrial and scientific applications.
Odyssey: The company raised $310 million of Series B venture funding led by Natural Capital on June 17, 2026, putting the company’s pre-money valuation at $1.1 billion. The company is a developer of world models that generate interactive video simulations for training AI systems and creating digital environments.
Behavox: The company raised $175 million of venture funding from HPS Investment Partners on June 18, 2026, putting the company’s pre-money valuation at $265 million. The company is a developer of AI-based enterprise surveillance software designed for compliance and operational risk management.
Hydra Host: The company raised $100 million of Series A venture funding in a deal led by Kindred Ventures on June 15, 2026, putting the company’s pre-money valuation at $700 million. The company is a developer of a distributed bare-metal infrastructure platform designed to provide scalable and available infrastructure using distributed storage systems.
HyperLight: The company raised $80 million of Series C venture funding in a deal led by MediaTek on June 18, 2026, putting the company’s pre-money valuation at $787 million. The company is a developer of integrated optical circuits designed to reduce low levels of signal loss.
Gradial: The company raised $65 million of Series C venture funding in a deal led by Insight Partners (New York) on June 17, 2026, putting the company’s pre-money valuation at $635 million. The company is a developer of AI agents that automate enterprise marketing and content operations across systems such as Adobe, Salesforce and Jira.
Conduct: The company raised $60 million of Series A venture funding in a deal led by Index Ventures and ICONIQ Capital on June 17, 2026. The company is a developer of enterprise system analysis technology designed to improve visibility and decision-making for software customizations.
Bland AI: The company raised $50 million of Series C venture funding in a deal led by Dell Technologies Capital on June 16, 2026, putting the company’s pre-money valuation at $415 million. The company is a developer of enterprise voice AI software for building, deploying and monitoring automated phone agents.
Convey: The company raised $38 million of Series A venture funding in a deal led by Andreessen Horowitz on June 17, 2026. The company is a developer of artificial intelligence agents designed to automate workflows and operational tasks across enterprise systems.
Comand: The company raised $32 million of venture funding in a deal led by Blossom Capital on June 17, 2026. Saab and Expeditions Fund also participated in the round. The company is a developer of tactical planning software designed for defence and security applications.
STELLA Automotive: The company raised $21.9 million of venture funding from undisclosed investors on June 16, 2026. The company is a developer of conversational AI software for automotive dealerships, including phone, SMS and chat tools for service scheduling and customer inquiries.
Thunder Compute: The company raised $15.7 million of venture funding from undisclosed investors on June 16, 2026. The company is an operator of a cloud computing platform intended to provide access to graphics processing units for AI and machine learning workloads.
MakuSafe: The company raised $12 million of venture funding from undisclosed investors on June 18, 2026. The company is a developer of wearable connected-worker technology and safety analytics software for monitoring workplace risks and environmental conditions.
Moody Pines: The company raised an undisclosed amount of venture funding from S20, SignalFire and Race Capital on June 15, 2026. The company is a developer of a voice talent and dataset licensing platform for generative voice artificial intelligence applications.
Slap: The company is in the process of raising venture funding on June 17, 2026. The company is a developer of a mobile gaming platform for organizing and playing real-world multiplayer games.
M&A Transactions
Cursor / SpaceX: The company reached a definitive agreement to be acquired by SpaceX for $60 billion on June 16, 2026. The company is a developer of an artificial intelligence-powered coding platform designed to enhance the productivity and capabilities of programmers and software engineers.
Roku / Fox: The company reached a definitive agreement to be acquired by Fox for $22 billion on June 15, 2026. The company is a provider of a TV streaming platform, streaming devices, smart TVs, The Roku Channel and connected-TV advertising services.
Fin / Salesforce: The company reached a definitive agreement to be acquired by Salesforce for an estimated $3.6 billion on June 15, 2026. The company is a developer of AI customer service agents designed to resolve support inquiries and automate customer support workflows.
Eigen AI / Nebius Group: The company was acquired by Nebius Group for approximately $643 million on June 16, 2026. The company is a developer of an artificial intelligence optimization system intended to provide full-stack AI performance model compression.
Harmonic / MediaKind: The Video Business of Harmonic, was acquired by MediaKind, via its financial sponsor One Equity Partners, through a $145 million LBO on June 17, 2026. The company is a provider of video streaming and broadcast delivery software, appliances and cloud video infrastructure.
Cyberhawk Innovations / Ondas: The company reached a definitive agreement to be acquired by Ondas for an estimated $125 million on June 18, 2026. The company is a developer of drone inspections and asset visualization software catering to the oil and gas, utility, renewables, and construction industries.
Deductive AI / Elastic: The company reached a definitive agreement to be acquired by Elastic for an estimated $85 million on June 18, 2026. The company is a developer of AI site reliability engineering software that helps on-call teams investigate and resolve infrastructure and observability issues.
AudiosourceRE / Syntiant: The company was acquired by Syntiant for an undisclosed amount on June 15, 2026. The company is a developer of artificial intelligence technology designed for detecting, separating, and extracting audio and sounds.
BlueShift / BlueConic: The company was acquired by BlueConic, via its financial sponsors Charles & Potomac Capital, Vista Equity Partners and Partners Group, through an LBO on June 17, 2026 for an undisclosed amount. The company is a developer of customer engagement software that unifies customer data, applies AI decisioning and orchestrates cross-channel marketing campaigns.
Gaming Laboratories International / CVC Capital Partners: The company was acquired by CVC Capital Partners through an LBO on June 19, 2026 for an undisclosed amount. The company is a provider of game testing and management services for the global gaming, wagering and lottery industries.
Mixhalo / DeepL: The company was acquired by DeepL for an undisclosed amount on June 17, 2026. The company is a developer of a live event audio platform designed to support real-time sound streaming and audience listening experiences.
Orosound Labs / Syntiant: The company was acquired by Syntiant for an undisclosed amount on June 15, 2026. The company is a developer of professional audio headsets and AI-enabled noise cancellation with hearing enhancement technology.
Pictorus / Renesas Electronics: The company was acquired by Renesas Electronics for an undisclosed amount on June 18, 2026. The company is a developer of cloud-based behavioral modeling software for designing and generating embedded application software.
Revyse / Get Covered: The company was acquired by Get Covered for an undisclosed amount on June 15, 2026. The company is a developer of vendor intelligence software for multifamily operators to manage contracts, compliance, procurement and portfolio spend.
Scope AR / Flatirons Solutions: The company was acquired by Flatirons Solutions, via its financial sponsor TELEO Capital, through an LBO on June 16, 2026 for an undisclosed amount. The company is a developer of an enterprise-class augmented reality platform designed to facilitate knowledge-sharing and remote assistance.
The 8x10 / Rising Sun Presents: The company reached a definitive agreement to be acquired by Rising Sun Presents, Mr. Dave Rather and Mr. Cris Jacobs for an undisclosed amount on June 15, 2026. The company is an operator of a live music venue and event space, catering to musicians, touring artists, event organizers, and music audiences.
Tset Software / A2Mac1: The company entered into a definitive agreement to be acquired by A2Mac1, via its financial sponsors Auster Capital, Five Arrows Managers, Torreal, and Providence Equity Partners, through an LBO on June 18, 2026 for an undisclosed amount. The company is a developer of a software-as-a-service offering designed to streamline cost calculation and carbon dioxide transparency in the automotive industry.
Source: Pitchbook Data, Inc.
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