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
Sierra: The company raised $950 million through a combination of debt and Series E venture funding in a deal led by GV and Tiger Global Management on May 4, 2026, putting the company’s pre-money valuation at $15 billion. The company is a developer of a conversational AI platform for enterprise customer experience agents.
ElevenLabs: The company raised $500 million of Series D venture funding in a deal led by Sequoia Capital on May 5, 2026, putting the company’s pre-money valuation at $10.5 billion. The company is a developer of an artificial intelligence audio platform designed for creating realistic speech.
Astranis: The company raised $450 million of venture funding through a combination of debt and equity on May 6, 2026. $300 million of Series E was led by Snowpoint Ventures and Franklin Templeton Investments United Kingdom. The company is a manufacturer of small satellites designed for high-orbit deployment, serving customers across defense and commercial communications sectors.
Blitzy: The company raised $200 million of venture funding in a deal led by Northzone Ventures on May 5, 2026, putting the company’s pre-money valuation at $1.2 billion. The company is a developer of an AI-powered platform designed to autonomously build and enhance enterprise software.
Quantum Motion: The company raised $160 million of Series C venture funding in a deal led by Mundi Ventures and DCVC on May 7, 2026. The company is a developer of quantum computing hardware based on silicon spin qubits.
Deep Infra: The company raised $107 million through a combination of debt and Series B venture funding in a deal led by 500 Global and Georges Harik on May 4, 2026, putting the company’s pre-money valuation at $204.5 million. The company is a developer of an inference platform designed to simplify the deployment of artificial intelligence models for various applications.
eleQtron: The company raised EUR 57 million of Series A venture funding in a deal led by Schwarz Gruppe on May 5, 2026. The company is a developer of quantum computing hardware designed to advance computational capabilities for complex problem-solving.
Breakaway: The company raised $48.9 million of Series B venture funding from Asto Consumer Partners, Human Ventures and RSE Ventures on May 6, 2026. The company is a provider of event organization and promotions services intended to promote brands among millennials and generation Z markets.
Nova Intelligence: The company raised $31.5 million of Series A venture funding in a deal led by Chemistry Ventures on May 5, 2026, putting the company’s pre-money valuation at $200.5 million. The company is a developer of AI-driven modernization tools for understanding, simplifying, and rebuilding software systems and applications.
Darkhive: The company raised $30 million of Series B venture funding in a deal led by RTX Ventures on May 4, 2026. The company is a developer of autonomous drone systems designed to intuitively interact with robotics platforms to understand their common environment and make decisions together.
CopilotKit: The company raised $27 million in Series A venture funding in a deal led by SignalFire, Glilot Capital and NFX on May 5, 2026, putting the company’s pre-money valuation at $34 million. The company is a developer of an agentic application development platform designed to connect artificial intelligence agents with user-facing interfaces.
Transfr: The company raised an additional $26 million of Series C venture funding from Kalos Ventures, and other undisclosed investors on May 4, 2026, putting the company’s pre-money valuation at an estimated $380 million. The company is a developer of a virtual reality training and apprenticeship platform for workforce simulations.
Asapp: The company raised $24.1 million of venture funding in the form of convertible debt from undisclosed investors on May 6, 2026. The company is a developer of generative AI software for customer service automation and agent assistance.
Astrocade: The company raised an estimated $56 million of Series B venture funding in a deal led by Sequoia Capital on May 5, 2026, putting the company’s pre-money valuation at $190 million. The company is a developer of an AI-powered social gaming platform for creating, remixing, and sharing games.
Ethos: The company raised $22.8 million of Series A venture funding in a deal led by Andreessen Horowitz on May 6, 2026. The company is a developer of human intelligence research and relationship-building software designed to facilitate effective business interactions and decision-making.
Tekst: The company raised EUR 11.5 million of Series A venture funding in a deal led by Elephant Partners on May 7, 2026. The company is a developer of an artificial intelligence platform for automating enterprise back-office processes.
Tsavorite Scalable Intelligence: The company raised $5 million of venture funding in a deal led by Pavestone Ventures on May 4, 2026. The company is a manufacturer of semiconductors, intuitive software, composable silicon and related systems for AI computing.
Espa Labs: The company raised an undisclosed amount of venture funding from Zapier, Harlem Capital and Axiom Partners on May 7, 2026. The company is an operator of an AI-powered personal assistant platform for workplace productivity.
HyperGTM: The company raised an undisclosed amount of venture funding from Schouten Investments, MaasInvest in approximately May 2026. The company is a developer of an AI-driven go-to-market platform designed to accelerate engagement with enterprise executives and streamline account-based marketing.
M&A Transactions
American Megatrends International / Lattice Semiconductor: The company reached a definitive agreement to be acquired by Lattice Semiconductor for $1.7 billion on May 4, 2026. The company is a developer of infrastructure management firmware designed to power and secure enterprise computing and data center platforms.
Alkira / Lumen Technologies: The company reached a definitive agreement to be acquired by Lumen Technologies for $475 million on May 5, 2026. The company is an operator of a network cloud platform intended to provide on-demand hybrid and multi-cloud network connectivity.
Neurovia AI / Robo.ai: The company reached a definitive agreement to be acquired by Robo.ai for $100 million on May 8, 2026. The company is a developer of a processing and compression platform designed to reduce transmission delays and computational constraints in physical artificial intelligence systems.
TVision / Viant Technology: The company was acquired by Viant Technology for $40 million on May 5, 2026. The company is a provider of television audience measurement and performance metrics services for advertisers.
FirstBank Amphitheater / Live Nation Entertainment: The company was acquired by Live Nation Entertainment for $23.5 million on May 8, 2026. The company is an operator of a live entertainment and outdoor music venue designed for hosting concerts, festivals, and large-scale entertainment events.
Accent Technologies / Volaris Group: The company was acquired by Volaris Group, a subsidiary of Constellation Software, for an undisclosed amount on May 7, 2026. The company is a developer of a sales enablement software designed to increase business productivity.
Dremio / SAP: The company reached a definitive agreement to be acquired by SAP for an undisclosed amount on May 4, 2026. The company is a developer of a self-service analytics platform designed for data warehouse functionality and data lake flexibility.
Enrich / Hone: The company was acquired by Hone for an undisclosed amount on May 6, 2026. The company is an operator of a networking platform intended to share and learn ideas from people in a similar domain.
Keypoint Intelligence / Total Specific Solutions: The company was acquired by Total Specific Solutions, a subsidiary of Topicus, for an undisclosed amount on May 6, 2026. The company is an operator of a data analytics, laboratory testing, and advisory platform intended to serve the global digital imaging sectors.
Midship / Optro AI: The company was acquired by Optro AI, via its financial sponsors HgCapital Trust, Hg and TrueBridge Capital Partners, through an LBO on May 6, 2026 for an undisclosed amount. The company is a developer of artificial intelligence based audit automation software designed for internal control testing and compliance review.
Mirantis / IREN: The company reached a definitive agreement to be acquired by IREN for $625 million on May 5, 2026. The company is a developer of a cloud and infrastructure management platform designed to help businesses manage and scale containerized applications efficiently.
MobileAction / InMobi: The company was acquired by InMobi for an undisclosed amount on May 7, 2026. The company is a developer of mobile marketing intelligence software for app store optimization and user acquisition.
Moonvalley AI / Reka: The company was acquired by Reka for an undisclosed amount on May 10, 2026. The company is a developer of an artificially intelligent video generation model designed for professional filmmaking.
Native Instruments / inMusic Brands: The company reached a definitive agreement to be acquired by inMusic Brands on May 8, 2026. The company is a developer of digital music creation technology designed for audio production, sound design, and live performance workflows.
Qharbor / Quantum Machines: The company was acquired by Quantum Machines for an undisclosed amount on May 4, 2026. The company is a developer of data storage and visualization software for research data management and analysis.
Sastrify / Deel: The company was acquired by Deel for an undisclosed amount on May 5, 2026. The company is a developer of virtual SaaS procurement software designed to facilitate purchasing and management of optimal technical setup.
Vogent / Aircall: The company was acquired by Aircall for an undisclosed amount on May 6, 2026. The company is a developer of an AI-powered parallel dialer technology designed to enhance call efficiency for sales teams.
VXG / Octave Intelligence: The company was acquired by Octave Intelligence, a subsidiary of Hexagon, for an undisclosed amount on May 5, 2026. The company is a developer of a cloud video surveillance platform intended to provide mobile and web video streaming services working with internet protocol cameras.
Woodward Sports Network / Individual Investor: The company was acquired by Mr. Joey Namou for an undisclosed amount on May 4, 2026. The company is an operator of a digital sports network intended to serve fans of the Lions, Pistons, Red Wings, and Tigers.
Source: Pitchbook Data, Inc.
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