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
Baseten: The company raised $1.5 billion of Series F venture funding in a deal led by Sands Capital, Spark Capital, Wellington Management, Altimeter Capital Management, 01 Advisors and Conviction Partners on June 22, 2026, putting the company’s pre-money valuation at $11.5 billion. The company is a developer of artificial intelligence inference infrastructure designed to deploy and optimise machine learning models at scale.
AppsFlyer: The company raised $1 billion of Series E venture funding from Eight Roads, Salesforce Ventures and Moloco on June 22, 2026, putting the company’s pre-money valuation at $1.7 billion. The company is a developer of a mobile attribution and marketing analytics platform for tracking and optimizing user acquisition.
Groq: The company raised $650 million of venture funding in a deal led by Disruptive and Infinitum Partners on June 22, 2026. The company is a developer of artificial intelligence inference hardware and cloud-based compute services designed for running large language models and other generative AI workloads.
Upscale AI: The company raised $390 million of Series A venture funding in a deal led by Premji Invest, Tiger Global Management and Xora Innovation on June 22, 2026, putting the company’s pre-money valuation at $1.6 billion. The company is a developer of an artificial intelligence networking company designed to optimize, secure, and automate enterprise network infrastructure.
Nearfield Instruments: The company raised $380 million of Series D venture funding in a deal led by Fidelity Management & Research Company on June 22, 2026, putting the company’s pre-money valuation at $1.2 billion. The company is a developer of high throughput scanning probe microscopy systems designed for semiconductor metrology.
xLight: The company closed on $350 million of an undisclosed targeted amount of venture funding in a deal led by Bain Capital and Boardman Bay Capital Management on June 24, 2026. The company is a developer of advanced light sources designed for semiconductor manufacturing.
General Intuition: The company raised $320 million of Series A venture funding in a deal led by Khosla Ventures on June 25, 2026, putting the company’s pre-money valuation at $2.0 billion. The company is an operator of an AI research lab focused on developing foundation models capable of generalized reasoning and autonomous learning.
Peregrine: The company raised $250 million of Series D venture funding in a deal led by Sequoia Capital, Goldcrest Capital, XYZ Venture Capital, Fifth Down Capital, O.G. Venture Partners, and Godfrey Capital on June 22, 2026, putting the company’s pre-money valuation at $6.6 billion. The company is a developer of decision-support software for public safety, law enforcement and government agencies.
Norm Ai: The company raised $120 million of venture funding from undisclosed investors on June 24, 2026, putting the company’s pre-money valuation at $1.3 billion. The company is a developer of AI software that automates regulatory compliance reviews and policy enforcement for enterprises.
Taktile: The company raised $110 million of Series C venture funding in a deal led by Goldman Sachs Asset Management on June 24, 2026. The company is a developer of an artificial intelligence platform designed to automate and govern decision-making across financial services.
Scaled Cognition: The company raised $100 million of Series A venture funding in a deal led by Khosla Ventures on June 25, 2026, putting the company’s pre-money valuation at $650 million. The company is a developer of a customer experience artificial intelligence model designed to automate enterprise service interactions.
Redo Tech: The company raised $81 million of Series B venture funding in a deal led by Smash Capital on June 24, 2026, putting the company’s pre-money valuation at $1.2 billion. The company is a developer of e-commerce operations software for managing customer acquisition, order fulfillment, inventory and customer retention.
Sail: The company raised $80 million of Series A venture funding in a deal led by Kleiner Perkins and Sequoia Capital (London) on June 25, 2026. The company is a developer of AI inference infrastructure for deploying autonomous AI agents at scale.
Patronus AI: The company raised $50 million of Series B venture funding in a deal led by Greenfield Partners on June 25, 2026, putting the company’s pre-money valuation at $400 million. The company is a developer of an automated evaluation platform for detecting issues in generative artificial intelligence outputs.
Prosper AI: The company raised $30 million of Series A venture funding in a deal led by Andreessen Horowitz on June 22, 2026, putting the company’s pre-money valuation at $174 million. The company is a developer of voice AI agents that automate healthcare revenue cycle management and patient communication.
Almetra: The company raised EUR 16.3 million of Series A venture funding in a deal led by blisce/ on June 25, 2026. The company is a developer of AI-powered manufacturing analytics software that helps manufacturers monitor and improve manual assembly operations.
Netris: The company raised $15 million of Series A venture funding in a deal led by Andreessen Horowitz on June 25, 2026. The company is a developer of a network automation and multi-tenancy platform to secure the operation of artificial intelligence cloud infrastructure.
Ubotica: The company raised $11 million of venture funding in a deal led by Act Venture Capital and GreenCode Ventures on June 23, 2026. The company is a developer of AI software and onboard computing systems for Earth observation satellites.
Warwick Acoustics: The company raised GBP 6.4 million of venture funding from Mercia Ventures on June 25, 2026, putting the company’s pre-money valuation at GBP 24.43 million. The company is a manufacturer of audio systems for automotive, consumer and professional audio applications.
Worlds: The company raised $7.3 million of venture funding from undisclosed investors on June 26, 2026. The company is a developer of AI software that creates digital twins of industrial operations using computer vision and existing camera infrastructure.
TomBot: The company raised $7 million of Series A venture funding from Wavemaker Three-Sixty Health, Caduceus Capital Partners and Florida Community Health Network on June 25, 2026. The company is a developer of robotic companion animals that provide emotional support for older adults and people with dementia.
Alt Sports Data: The company raised $5 million of venture funding from undisclosed investors on June 22, 2026, putting the company’s pre-money valuation at $23.5 million. The company is a provider of sports betting data, odds modeling and pricing services for alternative and emerging sports.
Dawex: The company raised an undisclosed amount of venture funding from Nemetschek Group on June 22, 2026. The company is a developer of data exchange technology that enables secure data sourcing, sharing, and monetization across ecosystems.
XSELL Technologies: The company received an undisclosed amount of development capital from Chicago Pacific Founders on June 24, 2026. The company is a developer of AI software that automates customer interactions and sales conversations for contact centers.
M&A Transactions
Aechelon Technology / Shield AI: The company was acquired by Shield AI for an undisclosed amount on June 22, 2026. The company is a developer of of image generation software for defense, aerospace and geospatial training applications.
Synaptics / ON Semiconductor: The company reached a definitive agreement to be acquired by ON Semiconductor for $7 billion on June 25, 2026. The company is a producer of semiconductor solutions for human interface, wireless connectivity and edge AI applications.
Agility Robotics / Churchill Capital XI: The company reached a definitive agreement to be acquired by Churchill Capital XI through a reverse merger, resulting in the combined entity trading on the Nasdaq Exchange under the ticker symbol AGLT on June 24, 2026. The company is a manufacturer of humanoid robots for warehouse, logistics and industrial automation.
iMerit / ExlService Holdings: The company reached a definitive agreement to be acquired by ExlService Holdings for $310 million on June 24, 2026. The company is a developer of an AI data annotation and model evaluation platform that supports the development of artificial intelligence systems.
Nhanced Semiconductors / Quantum Computing: The company was acquired by Quantum Computing for approximately $145 million on June 22, 2026. The company is a provider of semiconductor packaging services for defense, aerospace and high-performance computing applications.
AI Insiders / SpaceX: The company was acquired by SpaceX for an undisclosed amount on June 24, 2026. The company is a provider of news, research and market intelligence covering the artificial intelligence industry.
Bestever / Samba TV: The company was acquired by Samba TV for an undisclosed amount on June 22, 2026. The company is a developer of an artificial intelligence platform that automates video advertisement production.
Continue / Cursor: The company was acquired by Cursor for an undisclosed amount on June 23, 2026. The company is a developer of an open-source AI coding assistant for code generation, editing and software development workflows.
Embrace.ai / Syndio: The company was acquired by Syndio for an undisclosed amount on June 23, 2026. The company is a developer of AI employee engagement software that automates workplace communication and feedback programs.
Modersys / TELEO Capital: The company, a subsidiary of Applied Materials, was acquired by TELEO Capital through an LBO on June 23, 2026 for an undisclosed amount. The company is a developer of a manufacturing intelligence platform designed to enable self-correcting production processes.
MVPindex / Game Theory: The company was acquired by Game Theory for an undisclosed amount on June 23, 2026. The company is an operator of a social media intelligence platform designed to assess the digital brand value of athletes, teams, and leagues.
Pocketpod / Factory: The company was acquired by Factory for an undisclosed amount on June 25, 2026. The company is a developer of AI software that generates personalized news and podcast-style audio content.
Signum Records / Pias: The company was acquired by Pias, a subsidiary of Universal Music Group, for an undisclosed amount on June 22, 2026. The company is a producer and distributor of classical music recordings and digital media.
Topaz Labs / Adobe: The company reached a definitive agreement to be acquired by Adobe for an undisclosed amount on June 25, 2026. The company is a developer of photo and video enhancement software for photographers and creative professionals.
Vibe.co / Walmart: The company reached a definitive agreement to be acquired by Walmart for $1.4 billion on June 23, 2026. The company is a developer of an advertising platform that detects and targets audiences based on keywords.
Source: Pitchbook Data, Inc.
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