Week Ending 08.04.19
EXACT SCIENCES ACQUIRES GENOMIC HEALTH & FORD ACQUIRES QUANTUM SIGNAL AI
GLUCOSE BIOSENSOR FILES IPO & DYNATRACE JUMPS IN TRADING START
REDOORZ RAISES USD 45M & MINDTICKLE RAISES USD 40M
KUBIENT HIRES CEO & ONE NETWORK HIRES COO
AND MORE ↓
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MERGERS AND ACQUISITIONS
Exact Sciences, the Madison, Wisconsin-based cancer diagnostics company using AI, said it is acquiring Genomic Health for USD 2.8bn in cash and stock.
Waystar, the Louisville, Kentucky-based business services firm focused on healthcare using AI, was acquired by EQT VIII Fund and Canada Pension Plan Investment Board.
In July Waystar acquired Digitize.AI, which uses AI to automate interactions with insurance firms.
Ford Motor, the Dearborn, Michigan-based auto maker, said it acquired two technology companies Quantum Signal AI and Journey Holding.
Turvo, the Sunnyvale, California-based logistics platform, said it acquired AI company Odyn.
Cint, the Stockholm, Sweden-based marketing company, said it acquired P2Sample, the marketing company using AI.
CompTIA, the Downers Grove, Illinois-based technology trade association, said it acquired Metacog, the evaluation and training company.
Elsevier, the New York City-based science and health analytics company, said it acquired AI company Parity Computing.
FILINGS
Glucose Biosensor Systems (Greater China), the New York City-based medical testing company using AI, said it is raising a placeholder USD 23m in an initial public offering on the NYSE American.
Inpixon, the Palo Alto, California-based cybersecurity company using AI, said it cut a previously upsized sale of convertible preferred stock warrants back to its original size of USD 15m.
The company said earlier this month it acquired Jibestream, a location technology firm. In September, the company hired Adam Benson as chief technology officer.
SeqLL, the Woburn, Massachusetts-based medical research firm using machine learning, refiled for an up to USD 8.64m from an initial public offering of 1.35m shares at USD 5.40 to USD 6.40 each. The company originally filed in May.
Dynatrace, the Waltham, Massachusetts-based AI company, saw its shares jump 49% on their first day of NYSE trading.
The company and shareholders raised USD 569.76m from an initial public offering of 35.61m shares at USD 16 each, almost twice the amount the deal was originally set for.
The Thomas Bravo-backed company had filed for a USD 300m IPO.
Thunder Bridge Acquisition II, the Great Falls, Virginia-based special purpose acquisition vehicle, refiled for an up to USD 300m initial public offering of 30m shares at USD 10 each. The company plans to invest in companies that include AI firms.
Other deal include Parallax Health Services, Internet Sciences, Sundial Growers and Ideanomics
FUNDING
StashAway, the Singapore-based financial advisory firm using AI, said it raised USD 12m in a Series B funding round led by the venture arm of Fidelity Investments.
Sense, the Cambridge, Massachusetts-based home energy monitoring company using machine learning, said it raised an additional USD 10m in a Series B round from MacKinnon, Bennett & Company and IDO Investments.
Minut, the Malmo, Sweden-based home security company using machine learning, raised USD 8m in a Series A funding led by KPN Ventures, according to TechCrunch report.
OptioSurgical, the Denver, Colorado-based automated surgical device tracking company, said it raised USD 3.3m in a funding round led by Next Frontier Capital.
RedDoorz, the Singapore-based budget hotel booking site using machine learning, raised USD 45m in Series B funding led by Qiming Venture Partners, according to a Deal Street Asia report.
Baby Sparks, the Miami, Florida-based early childhood development platform using AI, raised USD 2m in seed funding led by Ocean Azul Partners, according to Finsmes report.
Compass, the New York City-based real estate technology company using AI, raised USD 370m in a Series G funding at a valuation of $6.4 billion led by Dragoneer Investment Group, according to a TechCrunch report.
MindTickle, the San Francisco, California-based provider of sales technology company using AI, said it raised USD 40m in a Series C funding led by Norwest Venture Partners.
Connected2Fiber, the Boston, Massachusetts-based marketing company using AI, said it raised USD 5.3m in funding from four investors including Ascent Venture Partners.
PredictImmune, Cambridge, UK-based medical company using AI, said it raised £10 million (USD 12.1m) in a Series B.
Monday.com, the Tel Aviv, Israel-based workplace collaboration software maker using AI, said it raised USD 125m in Series D funding led by Sapphire Ventures.
PEOPLE
One Network Enterprises, the Dallas, Texas-based supply chain network company using AI, said it hired Joe Bellini as COO.
Kubient, the New York City-based advertising company using AI, said it hired Peter Bordes as CEO and Chris Andrews as chief digital officer.
RenalytixAI, the New York City-based medical diagnostics company using AI, said it hired Thomas McLain as president and CCO.