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
Anthropic: The company raised $65 billion of Series H venture funding in a deal led by Dragoneer Investment Group, Greenoaks Capital Partners, Sequoia Capital and Altimeter Capital Management on May 28, 2026, putting the company’s pre-money valuation at $900 billion. The company is a developer of a large language model platform designed for business-critical use cases.
Cognition: The company raised $1 billion of Series D venture funding in a deal led by 8VC, Lux Capital and General Catalyst on May 27, 2026, putting the company’s pre-money valuation at $25 billion. The company is a developer of AI software designed to manage development projects from inception to completion.
Wonderful: The company raised $165 million of Series B venture funding in a deal led by Insight Partners on May 29, 2026, putting the company’s pre-money valuation at an estimated $1.85 billion. The company is a developer of artificial intelligence software designed to support automated customer communication and engagement workflows.
Reactor: The company raised $59 million of Series A venture funding in a deal led by Lightspeed Venture Partners on May 28, 2026. The company is a developer of a platform for real-time generative video and AI world models, with SDK and API tools for interactive applications.
Picogrid: The company raised $45 million of Series A venture funding in a deal led by Bessemer Venture Partners on May 29, 2026. The company is a developer of field intelligence systems that connect sensors, cameras, platforms, and operators across remote environments for monitoring and mission operations.
Rep AI: The company raised $14.4 million of Series A venture funding in a deal led by Osage Venture Partners and Silicon Road on May 28, 2026. The company is a developer of a sales conversion platform designed to turn existing website traffic into higher-converting customer interactions.
Slamcore: The company raised $14 million of venture funding from Rockwell Automation on May 27, 2026. The company is a developer of vision-based spatial intelligence systems designed for real-time positioning and safety monitoring in industrial facilities.
Olyzon: The company raised $10 million of Series A venture funding in a deal led by S4S Ventures on May 27, 2026. The company is a developer of an advertising technology platform for monetizing content on connected TVs.
Human Archive: The company raised $8.2 million of venture funding from Y Combinator, nvp capital, and Wing Venture Capital on May 26, 2026. N1 and other undisclosed investors also participated in the round. The company is a developer of multimodal AI training data and robotics infrastructure for physical AI and world models.
Elemental Machines: The company raised $5.7 million of venture funding from undisclosed investors on May 27, 2026. The company is a developer of an AI-powered lab operations platform that connects equipment, environments, and workflows for real-time monitoring, alerts, and quality data collection.
Arken Innovations: The company received an undisclosed amount of development capital from MaxWave Capital on May 27, 2026. The company is a developer of a decision intelligence platform for governed and traceable decision-making in regulated industries.
Backyard Cricket: The company raised an undisclosed amount of venture funding from Goalhanger Ventures on May 26, 2026. The company is a developer of digital media content focused on cricket.
Helio Intelligence: The company entered into a definitive agreement to receive an undisclosed amount of development capital from Bridgepoint Group and ECI Partners on May 26, 2026. The company is an operator of a political data and monitoring company intended to provide bespoke analysis and real-time political intelligence.
Nexeon: The company received an undisclosed amount of development capital from Honda Xcelerator Ventures on May 28, 2026. The company is a manufacturer of silicon anode materials to increase energy density in lithium-ion batteries.
Sanctuary AI: The company raised an undisclosed amount of venture funding from Zeon Ventures on May 26, 2026. The company is a developer of robotic systems and software for general-purpose humanoid robots.
TeroAI: The company is in the process of raising venture funding on May 28, 2026. The company is a developer of an AI-powered geospatial intelligence platform for making geographic data easier to access and use.
welevel: The company raised an undisclosed amount of Series A venture funding in a deal led by Transcend Fund on May 27, 2026. BITKRAFT Ventures Management and Burda Principal Investments also participated in the round. The company is a developer of survival and city-building video games with adaptive multiplayer gameplay.
M&A Transactions
MaintainX / Autodesk: The company reached a definitive agreement to be acquired by Autodesk for an estimated $3.6 billion on May 28, 2026. The company is a developer of maintenance and asset management software for digitizing work orders, procedures, and frontline operations.
Tao Digital / Cyient: The company reached a definitive agreement to be acquired by Cyient for $218 million on May 30, 2026. The company is a developer of a digital transformation and product engineering platform designed to accelerate technological capabilities and optimize cloud operational strategies for enterprise businesses.
Kaelus / Baylin Technologies: The company was acquired by Baylin Technologies for SEK 282 million on May 29, 2026. The company is a manufacturer of radio frequency products for radio coverage, capacity, and quality of mobile communication networks.
Akridata / Dimaag: The company was acquired by Dimaag for an undisclosed amount on May 28, 2026. The company is a developer of an AI-based data operations platform for organizing, preparing, and accessing enterprise data for machine learning workflows.
Anomaly Entertainment / Wheelhouse: The company was acquired by Wheelhouse for an undisclosed amount on May 27, 2026. The company is an operator of a media production company based in Hastings-on-Hudson, New York.
Cometh / Kaiko: The company was acquired by Kaiko, via its financial sponsors Uggla Family Office, through an LBO on May 29, 2026 for an undisclosed amount. The company is a developer of blockchain gaming software, including a decentralized finance-backed spaceship game.
ETR / The Futurum Group: The company reached a definitive agreement to be acquired by The Futurum Group for an undisclosed amount on May 27, 2026. The company is an operator of enterprise technology research services intended to support business and investment decision-making.
Mapless AI / FORT Robotics: The company was acquired by FORT Robotics for an undisclosed amount on May 27, 2026. The company is a developer of a remote vehicle operations platform designed to provide a safe and scalable system for autonomous driving applications.
Matternet / Los Altos Ventures: The company acquired Matternet through a reverse merger on May 28, 2026. The company is a manufacturer of commercial drones intended to offer fully automated, battery-powered package delivery.
Monocle / OuterSignal: The company was acquired by OuterSignal for an undisclosed amount on May 28, 2026. The company is a developer of customer engagement automation software designed to optimize retention and lifecycle marketing performance.
Qlip AI / Livestorm: The company was acquired by Livestorm for an undisclosed amount on May 29, 2026. The company is a developer of an AI-powered video highlights generator platform designed to share video and audio recordings.
Rentrak / Advaya Capital: The company was acquired by Advaya Capital through an LBO on May 27, 2026 for $70 million. The company is a provider of media measurement and distribution services intended for the entertainment, television, and advertising industries.
Stack AI / Asana: The company was acquired by Asana for approximately $75 million on May 29, 2026. The company is a developer of a no-code generative artificial intelligence platform intended to automate enterprise-grade business processes.
Tachyus / SLB: The company reached a definitive agreement to be acquired by SLB for an undisclosed amount on May 29, 2026. The company is a developer of artificial intelligence-driven operational optimization technologies designed to enhance efficiency and sustainability in the energy sector.
ViralMoment / Sprinklr: The company was acquired by Sprinklr for an undisclosed amount on May 28, 2026. The company is a developer of an artificial intelligence platform designed to analyze and interpret social video content.
Source: Pitchbook Data, Inc.
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