Startup Acquisition Frenzy and Major Funding Rounds

This week witnessed a flurry of startup acquisitions and significant funding rounds across various sectors.

Key Acquisitions

  • Cellebrite acquired mobile testing startup Corellium for $170 million. Learn more.
  • IBM acquired Seek AI, an AI platform for natural language data queries, to bolster its Watsonx AI Labs. Learn more.
  • Collibra acquired data access management startup Raito. Learn more.
  • AMD acquired stealth AI software optimization startup Brium to challenge Nvidia. Learn more.
  • Snowflake is set to acquire Postgres-focused startup Crunchy Data. Learn more.
  • Scale AI hired the team from Pesto AI, a remote developer recruiting platform. Learn more.

Notable Funding Rounds

  • Defense tech startup Anduril raised $2.5 billion in Series G funding, reaching a $30.5 billion valuation. Learn more.
  • AI coding assistant Cursor's parent company, Anysphere, raised $900 million at a $9.9 billion valuation. Learn more.
  • Elon Musk's Neuralink secured $650 million in Series E funding. Learn more.
  • Insurtech company Bolttech closed a $147 million Series C round, achieving a $2.1 billion valuation. Learn more.
  • Speedata, an Nvidia competitor, raised $44 million in Series B funding. Learn more.
  • Fintech startup Nomupay raised $40 million in Series C funding for international expansion. Learn more.
  • Obvio, focused on driver safety, secured $22 million in Series A funding. Learn more.

Other Key News