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
Silverwood Partners Advisory Transaction
C-Power Subsea Assets / Ocean Power Technologies: Certain strategic assets and technologies relating to sub-surface wave power generation were purchased by Ocean Power Technologies from Columbia Power Technologies (C-Power) for an undisclosed amount on July 22, 2026. The company provides autonomous offshore power and data systems for the marine, defense, and science industries. Silverwood Partners acted as exclusive financial advisor to C-Power.
Private Placement / Financing Transactions
Atoms: The company raised $1.7 billion of venture funding in a deal led by Andreessen Horowitz on July 23, 2026. The company is a developer of AI and robotics systems for automating operations in industrial sectors such as logistics, construction, mining and food production.
CuspAI: The company raised $450 million of Series B venture funding in a deal led by New Enterprise Associates and Kleiner Perkins on July 20, 2026, putting the company’s valuation at $2.6 billion. The company is a developer of AI software for discovering and designing new materials with specified chemical and physical properties.
Meshy: The company raised $400 million of Series B venture funding led by Monolith Capital, MPC (Beijing), IDG Capital with participation from Source Code Capital, BAI Capital and HSG (Hong Kong) on July 20, 2026, putting the company’s pre-money valuation at $980 million. The company is a developer of a three-dimensional model generation platform designed to convert text or images into three-dimensional models for digital content creation.
Etched: The company raised $300 million of Series C venture funding in a deal led by Sequoia Capital on July 23, 2026, putting the company’s pre-money valuation at $10 billion. The company is a developer of rack-scale artificial intelligence inference hardware designed to deliver high-performance computing for production workloads.
Sereact: The company raised $116 million of Series B venture funding in a deal led by Headline on July 20, 2026. The company is a developer of an artificial intelligence-based foundational software layer designed to provide intelligent automation in warehouse operations.
Paper: The company raised $34 million of Series A venture funding from Accel, Base Case Capital and Designer Fund on July 22, 2026. The company is a developer of collaborative design software for creating digital product interfaces and visual prototypes.
Arrakis Technologies: The company raised $30.4 million of Series A venture funding in a deal led by Blossom Capital and Sequoia Capital on July 22, 2026, putting the company’s pre-money valuation at $110 million. The company is a developer of an artificial intelligence agent deployment platform designed to help enterprises transition from AI experimentation to production-scale implementation.
Gritt: The company raised $26 million of Series A venture funding in a deal led by Obvious Ventures on July 21, 2026, putting the company’s pre-money valuation at $77 million. The company is a developer of an AI and robotics platform designed to automate labor-intensive tasks in solar energy construction.
Great Sky: The company raised $25.9 million of venture funding from undisclosed investors on July 23, 2026. The company is a developer of computing hardware designed to improve data movement and reduce bottlenecks in high-performance computing systems.
Fly.io: The company raised $25 million of Series D venture funding in a deal led by Intel Capital and Dell Technologies Capital on July 22, 2026, putting the company’s pre-money valuation at $600 million. Geodesic Capital, Andreessen Horowitz, EQT Ventures, Y Combinator, and other undisclosed investors also participated in the round. The company is a provider of a cloud application deployment platform for running apps and databases close to end users.
Modo Energy: The company raised $17 million of venture funding in a deal led by Canadian Imperial Bank of Commerce on July 21, 2026. The company is a developer of energy market analytics software for battery storage, power trading and grid asset operators.
Passionfroot: The company raised $15 million of Series A venture funding in a deal led by Insight Partners on July 22, 2026. The company is a developer of a creator marketing platform designed for automated go-to-market execution.
Neon: The company raised $13 million of venture funding from Krafton as lead investor and Andreessen Horowitz and Renegade Partners on July 22, 2026. The company is a developer of a direct-to-consumer commerce platform for mobile game developers.
Tristar AI: The company raised Series A venture funding from undisclosed investors on July 20, 2026. The company is a developer of AI maintenance software for monitoring industrial equipment health and factory operations.
Yope: The company raised $12.3 million of Seed funding in a deal led by Northzone Ventures on July 22, 2026, putting the company’s pre-money valuation at $87.7 million. The company is a developer of a social media app focused on private photo sharing and group communication.
PlayVS: The company raised Series A venture funding from undisclosed investors on July 20, 2026, putting the company’s pre-money valuation at $39.9 million. The company is a developer of an esports and gaming platform for scholastic and collegiate competitive gaming programs.
Mach42: The company received GBP 7 million of development capital led by IP Group with participation from BGF and Foresight Group on July 21, 2026. The company is a developer of a full-fledged simulation management platform designed to accelerate compute-intensive tasks.
RealWear: The company raised $7.7 million of venture funding from undisclosed investors on July 26, 2026. The company is a developer of hands-free wearable computers and headsets for frontline industrial workers.
Mentium Technologies: The company raised $7.5 million of Series A venture funding from Terra.VC, Excellis and Alumni Ventures on July 20, 2026, putting the company’s pre-money valuation at $25.8 million. The company is a developer of artificial intelligence co-processing hardware designed for edge computing and real-time data processing.
Oculi: The company raised $6 million of Series 3 venture funding from undisclosed investors on July 24, 2026. The company is a developer of 3D image sensors for machine vision applications.
Blustream: The company raised Series A venture funding from undisclosed investors on July 22, 2026, putting the company’s pre-money valuation at $6.8 million. The company is a developer of a product experience platform designed to help brands engage customers throughout the ownership journey.
Demand AI: The company raised venture funding from Visor Ventures and other undisclosed investors on July 22, 2026. The company is a developer of AI-powered data management and marketing automation systems intended for demand generation and customer engagement.
Alocity: The company raised an undisclosed amount of Series A venture funding in a deal led by JLL Spark on July 22, 2026. The company is a developer of an AI-powered visitor management platform designed to provide unified security and facility management systems.
NewFrame: The company raised an undisclosed amount of venture funding from FutureBright Ventures on July 24, 2026. The company is a developer of generative AI video software for creating advertising and marketing content.
Skyfall AI: The company raised an undisclosed amount of venture funding from Fidelity, Inovia Capital and Touring Capital on July 20, 2026. The company is a developer of AI world model technology for enterprise planning and simulation applications.
M&A Transactions
Domo / Progress Software: The company reached a definitive agreement to be acquired by Progress Software for $400 million on July 22, 2026. The company is a provider of cloud-based business intelligence software for connecting enterprise data, dashboards and analytics workflows.
Drayton International / Bragg Gaming Group: The company was acquired by Bragg Gaming Group for $9 million on July 22, 2026. The company is a developer of iGaming content and online casino software for gaming operators.
Big Network / Contrivian: The company was acquired by Contrivian, a subsidiary of Affluence, for an undisclosed amount on July 22, 2026. The company is a developer of a SaaS-based cloud-managed software for deploying and managing composable network infrastructure.
BikeRadar / Kelsey Media: The BikeRadar business of Our Media was acquired by Kelsey Media for an undisclosed amount on July 20, 2026. The company is a cycling media platform providing product reviews, buying guides, news and advice for cycling enthusiasts.
Bon Intelligence / H2 Ventures 1: The company reached a definitive agreement to be acquired by H2 Ventures 1 through a reverse merger, resulting in the combined entity trading on the TSX Venture Exchange on July 22, 2026. The company is a developer of AI analytics software for real-time and predictive business intelligence.
Co-Star / Midjourney: The company was acquired by Midjourney for an undisclosed amount on July 24, 2026. The company is a developer of a personalized astrology platform designed to provide algorithmically generated astrological insights.
DataPelago / NetApp: The company was acquired by NetApp for an undisclosed amount on July 20, 2026. The company is a developer of accelerated data processing software for analytics and AI workloads.
DecaSIM / SmartProperty: The company was acquired by SmartProperty for an undisclosed amount on July 20, 2026. The company is a developer of a customer analytics platform designed to build state-of-the-art ML tools with revenue-generation capabilities for retail and e-commerce.
Defacto Technologies / Siemens: The company reached a definitive agreement to be acquired by Siemens for an undisclosed amount on July 21, 2026. The company is a developer of an electronic design automation platform designed to accelerate the creation of synthesis-ready RTL for complex system-on-chip designs.
Embrace / Palo Alto Networks: The company reached a definitive agreement to be acquired by Palo Alto Networks for an undisclosed amount on July 21, 2026. The company is a developer of a unified observability and error monitoring platform designed to observe, proactively analyze, and access unique datasets.
Moonnox / Certinia: The company was acquired by Certinia, via its financial sponosors Broadfield Capital, General Atlantic, Haveli Investments, TA Associates Management and Roper Technologies, through an LBO on July 21, 2026 for an undisclosed amount. The company is a developer of an artificial intelligence operating system designed for professional services and systems integration firms.
Nina Protocol / SoundCloud: The company was acquired by SoundCloud, via its financial sponsor Realization Capital Partners, through an LBO on July 22, 2026 for an undisclosed amount. The company is an operator of a protocol platform intended to buy, sell, and stream music.
Poke / Cognition: The company was acquired by Cognition for an undisclosed amount on July 24, 2026. The company is a developer of an AI assistant platform designed to automate everyday digital tasks through messaging applications.
Precision Innovations / Siemens: The company reached a definitive agreement to be acquired by Siemens for an undisclosed amount on July 20, 2026. The company is a developer of electronic design automation software intended for chip design.
RAISE Summit / Hyve Group: The company was acquired by Hyve Group, via its financial sponsors Searchlight and Providence Equity Partners, through an LBO on July 20, 2026 for an undisclosed amount. The company is an operator of an artificial intelligence conference focused on enterprise AI adoption, business collaboration and technology networking.
Salsify / Cinven: The company entered into a definitive agreement to be acquired by Cinven through an LBO on July 22, 2026 for an undisclosed amount. The company is a developer of product experience management software for managing product content, syndication and digital shelf analytics.
SceniX / World Labs: The company was acquired by World Labs for an undisclosed amount on July 21, 2026. The company is a developer of robotics infrastructure designed to support general-purpose robotic applications.
Source: Pitchbook Data, Inc.
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