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
Hark: The company raised an estimated $700 million of Series A venture funding in a deal led by Parkway Venture Capital on May 21, 2026, putting the company’s pre-money valuation at $5.3 billion. The company is a developer of a personal intelligence platform designed to offload users’ mental workload through advanced artificial intelligence.
Zyphra: The company is reportedly in the process of raising $500 million of Series B venture funding from AMD Ventures on May 19, 2026, putting the company’s pre-money valuation at an estimated $4.5 billion. The company is a developer of an open artificial intelligence platform designed to build frontier foundation models, AI infrastructure, and enterprise agent systems on AMD and alternative AI hardware.
Modal Labs: The company raised $355 million of Series C venture funding in a deal led by Redpoint Ventures and General Catalyst on May 21, 2026, putting the company’s pre-money valuation at $4.3 billion. The company is a developer of a serverless cloud computing platform designed to facilitate the deployment and scaling of compute-intensive workloads for machine learning and data processing.
Decart: The company raised $300 million of venture funding in a deal led by Radical Ventures on May 18, 2026, putting the company’s pre-money valuation at $3.6 billion. The company is a developer of an AI infrastructure platform designed to enhance efficiency and focus on foundational generative models for interactive experiences.
Exa: The company raised $250 million of Series C venture funding in a deal led by Andreessen Horowitz on May 20, 2026, putting the company’s pre-money valuation at $2.0 billion. The company is a developer of an artificial intelligence-powered search engine designed to perform web searches at a large scale.
Sigma Computing: The company raised $80 million of Series E venture funding in a deal led by Princeville Capital on May 18, 2026, putting the company’s pre-money valuation at $2.9 billion. The company is a developer of a cloud data warehouse analytics software designed to analyze complex databases.
Jace: The company raised $75 million of Series A venture funding in a deal led by Accel on May 19, 2026, putting the company’s pre-money valuation at $388 million. The company is a developer of an AI-powered email workflow automation platform designed to manage and streamline inbox activities.
Dust: The company raised $40 million of Series B venture funding in a deal led by Sequoia Capital and Abstract Ventures on May 18, 2026. The company is a developer of a custom artificial intelligence assistant designed to connect proprietary enterprise knowledge and data.
Polsia: The company raised $30 million of Series A venture funding from True Ventures, Drysdale Ventures and other undisclosed investors on May 24, 2026, putting the company’s pre-money valuation at $220 million. The company is a developer of an artificial intelligence-based operations software designed for workflow automation and digital task execution.
Scope: The company raised $20 million of venture funding in a deal led by Index Ventures on May 22, 2026. The company is a developer of an AI-based inspection automation platform designed to write error-free test, audit, and inspection reports.
Searchable: The company raised $14 million of venture funding in a deal led by Headline on May 18, 2026, putting the company’s pre-money valuation at $71 million. The company is a developer of an artificial intelligence based marketing analytics tool intended to optimize brand visibility across conversational engines.
Harmoney: The company received EUR 10 million of development capital from Smile Sail on May 21, 2026. The company is a developer of a cross-board digital platform designed to automate and streamline complex onboarding and end-to-end continuous compliance.
Coachbetter: The company raised $8.2 million of venture funding from Zen11 Holding, Swiss Founders Fund and Brighteye Ventures on May 20, 2026. The company is a developer of a sports technology platform for managing coaching, training, communication, and team operations.
GEEIQ: The company raised GBP 5 million of venture funding in a deal led by YFM Equity Partners on May 19, 2026, putting the company’s pre-money valuation at GBP 18.6 million. The company is a developer of a data analysis platform designed to identify and optimize esports and gaming partnership strategies.
Aera Technology: The company raised an undisclosed amount of venture funding from Accenture Ventures on May 19, 2026. The company is a developer of a decision intelligence platform designed to make, recommend, and execute enterprise decisions.
M&A Transactions
Empower Semiconductor / Analog Devices: The company reached a definitive agreement to be acquired by Analog Devices for $1.5 billion on May 19, 2026. The company is a manufacturer of integrated voltage regulators and power management semiconductors for processors, memory, and AI or HPC systems.
Stainless Software / Anthropic: The company was acquired by Anthropic for an estimated $300 million on May 18, 2026. The company is a developer of a software platform designed to aid in creating, integrating, and maintaining the application programming interface.
Vox Media Podcast Network / Lupa Systems: The company entered into a definitive agreement to be acquired by Versant Media Group and Lupa Systems through an estimated $300 million LBO on May 20, 2026. The company is an operator of a podcast network intended to provide audio journalism, conversations, and narrative content across multiple subject areas.
PlayStack / Integrated Media Company: The company entered into a definitive agreement to be acquired by Integrated Media Company through a GBP 125 million LBO on May 21, 2026. The company is an operator of video game publishing services.
Scala / Vertiseit: Vertiseit reached a definitive agreement to acquire the Company, a subsidiary of Stratacache, for approximately SEK 265 million on May 20, 2026. The company is a developer of digital signage software and systems catering to retail, hotels, banking, entertainment, and government sectors.
32 Flavors / Sony Pictures Entertainment: The company was acquired by Sony Pictures Entertainment, a subsidiary of Sony, for an undisclosed amount on May 18, 2026. The company is a producer of entertainment and reality television shows catering to a global audience.
AIceberg / Cranium AI: The company was acquired by Cranium AI for an undisclosed amount on May 21, 2026. The company is a developer of an artificial intelligence-backed collaboration platform for project management.
Cometh / Kaiko: The company was acquired by Kaiko, via its financial sponsors Uggla Family Office, through an LBO on May 20, 2026 for an undisclosed amount. The company is a developer of blockchain gaming software, including a decentralized finance-backed spaceship game.
Emmi AI / Mistral AI: The company was acquired by Mistral AI for approximately EUR 300 million on May 19, 2026. The company is a developer of physics-driven industrial simulation software for real-time engineering and manufacturing applications.
Gitar / SonarSource: The company was acquired by SonarSource, via its financial sponsors Advent International, Insight Partners, Permira and General Catalyst, through an LBO on May 21, 2026 for an undisclosed amount. The company is a developer of a software platform designed to offer tools with advanced code analysis and AI.
MARSS / Electro Optic Systems Holdings: The company was acquired by Electro Optic Systems Holdings for an undisclosed amount on May 18, 2026. The company is a developer of an AI-powered defense and security platform for protecting people, infrastructure, and assets.
Moov / Axion: The company was acquired by Axion Semiconductor for an undisclosed amount on May 22, 2026. The company is a developer of an interactive equipment marketplace designed to sell used semiconductor equipment.
Nexera Robotics / Locus Robotics: The company was acquired by Locus Robotics for an undisclosed amount on May 19, 2026. The company is a manufacturer of a robotic arm grasper designed for a wide range of applications.
Reliant / Cohere: The company was acquired by Cohere for an undisclosed amount on May 19, 2026. The company is a developer of an intelligent data analytics and research platform built for the life sciences and biopharma industries.
Soundmouse / Broadcast Music: The company, a subsidiary of Orfium, entered into a definitive agreement to be acquired by Broadcast Music, via its financial sponsors CapitalG, New Mountain Capital and Creator Partners, through an LBO on May 19, 2026 for an undisclosed amount. The company is a provider of music cue sheet reporting and audio recognition services intended to serve broadcasters, producers, collecting societies, distributors, program makers and music creators.
Xgen AI / Zoovu: The company was acquired by Zoovu for an undisclosed amount on May 19, 2026. The company is a developer of a customer experience optimization platform designed to analyze consumer behavior and buying habits.
Source: Pitchbook Data, Inc.
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