Week Ending 06.30.19
UBER ACQUIRES MIGHTY AI & RESIDEO ACQUIRES LIFEWHERE
LIVONGO HEALTH FILES USD 100M IPO & CASTLE BIOSCIENCES FILES USD 58M LISTING
AERA RAISES USD 80M IN SERIES C & XANADU RAISES USD 32M IN SERIES A
AROYMX & BRAINSCOPE BRING IN NEW CEOS
AND MORE ↓
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MERGERS AND ACQUISITIONS
Uber, the San Francisco, California-based transportation firm, said it acquired Mighty AI, the computer vision company, according to a GeekWire report.
Apple, the Cupertino, California-based technology company, acquired troubled Drive.ai for its autonomous driving engineering talent, according to a report in The Verge.
Extreme Networks, the San Jose, California-based software company, said it acquired Aerohive Networks, the cloud computing company using AI.
Resideo Technologies, the Austin, Texas-based home security systems maker, said it acquired LifeWhere, which uses machine learning to predict failures in home appliances.
Trax, the Singapore-based retail marketing platform using machine learning, said it acquired Shopkick.
Biodesix, the Boulder, Colorado-based lung cancer testing company using machine learning, said it acquired the US lung cancer testing business of the UK’s Oncimmunes.
FILINGS
Livongo Health, the Mountain View, California-based healthcare platform using machine learning, said it is raising a USD 100m placeholder from an initial public offering on the Nasdaq.
Castle Biosciences, the Friendswood, Texas-based cancer research firm using AI, said it is raising a placeholder USD 57.5m from an initial public offering on the Nasdaq.
Medallia, the San Francisco, California-based marketing company using AI, refiled for a USD 100m placeholder initial public offering on the NYSE. Earlier this month it acquired Israel’s Cooladata for its AI technology and in May said it was acquiring Strikedeck, a marketing firm using AI and machine learning.
Inpixon, the Palo Alto, California-based cybersecurity company using AI, said it is raising USD 15m from the sale of shares with warrants. In September, the company hired Adam Benson as chief technology officer.
Morphic, the Waltham, Massachusetts-based pharmaceutical company developing treatments with AI for a number of medical conditions, saw its shares rise 20% on the first day of trading. The company raised USD 90m in an upsized initial public offering of 6m shares on the Nasdaq at USD 15 each.
Change Healthcare, the Nashville, Tennessee-based healthcare technology firm using AI, saw it shares rise 15% on the first day of trading after pricing 42.9m shares three dollars below the lowest end of the price range they were marketed at. The company raised USD 558m but had sought as much as USD 815m.
The RealReal, the San Francisco, California-based secondhand luxury goods retailer using AI, saw its shares jump 40% on the first day of trading. The company raised USD 300m from an initial public offering of 15m shares on the Nasdaq at a dollar above the marketed range of USD 17 to USD 19 each.
Other deals include OLB.com, Health Catalyst and Amesite
FUNDING
Aera Technology, the Mountain View, California-based autonomous driving services company, said it raised USD 80m in a Series C led by DFJ Growth.
Xanadu, the Toronto, Canada-based company developing quantum computers, said it raised USD 32m in a Series A led by OMERS Ventures.
MindBridge Analytics, the Ontario, Canada-based auditing services firm using AI, said it received USD 11m in new funding from the Government of Canada’s Strategic Innovation Fund, an investment vehicle focused on AI.
Ocrolus, the New York City-based financial documentation firm using AI, said it raised USD 24m in a Series B funding led by Oak HC/FT.
Cobalt Robotics, the San Mateo, California-based security robot maker, said it raised USD 35m in a Series B led by Coatue.
BrightWay Vision, the Haifa, Israel-based autonomous driving services company, said it raised USD 25m in a Series B led by Japanese headlight maker KOITO and Israel’s Magenta Venture Partners.
C2RO, the Montreal, Canada-based software platform using AI, said it raised CAD 2.25m (USD 1.7m) in a financing round led by the early stage investment firm Fonds Innovexport.
Metron, the Paris, France-based environmental services company using AI, said it raises EURO 10m (USD 11.3m) from investors including NTT DOCOMO Ventures, StatKraft Ventures and BNP Paribas.
SoundCommerce, the Seattle, Washington-based marketing platform using AI, said it raised a USD 6.5m seed round led by Silicon Valley's Defy Partners.
Delve Labs, the Montreal, Canada-based cybersecurity company using AI, said it secured an additional, but unspecified, amount of funding in a round led by 3dot6 Ventures, an early stage cybersecurity investment firm.
Bleckwen, the London, UK-based fraud detection company using AI, said it raised USD 10m in a funding round led by Ring Capital.
Latent AI, the Menlo Park, California-based AI company, said it closed a first round of venture funding without specifying the amount. The company was spun out of SRI International, which led the round.
Deutche Telekon Capital Partners, the Hamburg, Germany-based investment group, said it secured unspecified capital commitments for its second venture and growth fund, that will include AI investments, from South Korea’s SK Telecom and ZEISS.
Aromyx, the Mountain View, California-based company using machine learning to replicate aromas, said it raised USD 3m in a seed round led by Ulu Ventures. It also hired Dr. Josh Silverman as CEO.
KoinWorks, the Jakarta, Indonesia-based lending platform using machine learning, said it raised SGD 16.5m (USD 12.1m) in a Series B led by EV Growth and Quona Capital.
PEOPLE
Aromyx, the Mountain View, California-based company using machine learning to replicate aromas, said it hired Dr. Josh Silverman as CEO. The company also raised USD 3m in a seed round led by Ulu Ventures.
BrainScope, the Bethesda, Maryland-based medical scanning company using AI, said it hired Susan Hertzberg as CEO.
HackerRank, the Mountain View, California-based technical recruiting platform using machine learning, said it hired Ramesh Sethuraman as CFO.
Pegasystems, the Cambridge, Massachusetts-based software company using AI, said it hired Carlos Fuentes as chief information security officer.
AdQuick, the Los Angeles, California-based advertising company using machine learning, said it hired Max Polisar as chief revenue officer.
Gradient AI, the Cambridge, Massachusetts-based AI company focused on the insurance industry, said it hired Aaron Shapiro as chief revenue officer and head of field operations.
Catasys, the Los Angeles, California-based healthcare company using AI, said it hired Daniel Prewitt as senior vice president of sales. In April, the company hired Carol Murdock as chief commercial officer.
Yunji, the Hangzhou, China-based ecommerce company using machine language and AI, said Jun Zhang is replacing Jianjian Hu as COO. Hu will become the chief marketing officer. The company raised USD 121m in an initial public offering in New York in May. Existing shareholders bought 60% of the offeringm which had been downsized from the original USD 200m.
Alion Science & Technology, the Washington DC-based engineering services company using AI, said it hired Don Raines as chief growth officer. The company sold its naval systems business unit to Serco for USD 225m in May.
Rokk3r, the Miami, Florida-based corporate consultancy using machine learning, said it hired Andrea Arnau as chief marketing officer.
Partnerize, the Newcastle on Tyne, UK-based business services firm using AI, said it hired Scott Samios as chief revenue officer.
In November it hired Mike Lemberg as CFO and in July last year it hired Oracle’s Matt Simmonds as vice-president of product. The company raised USD 9m in a funding round led by GP Bullhound, the boutique investment bank focused on technology, in November.
Evisort, the San Mateo, California-based computer software company using AI, said it hired Alexander Su as director of business development.
iManage, the Chicago, Illinois-based computer software company using AI, said it hired Stephanie Vaughan as global legal AI practice director for its iManage RAVN unit.