Who's Raising & What's Closing
Digestible dealflow. We'll help you keep tabs on the industry's most important deals.
Long Lake Acquires Amex GBT For $6.3 Billion Expanding Global Portfolio
Long Lake completed its $6.3 billion all-cash acquisition of Amex GBT, marking its 40th acquisition and expanding its portfolio to nearly 30,000 employees. Founder Alexander Taubman said Long Lake plans to apply its AI-driven strategy to Amex GBT, which serves 17,500 businesses across 140 countries and booked 35 million trips for 10 million travelers last year. SALE PRICE: $6,300,000,000 HQ: New York, New York #VentureCapital #LongLake #AmexGBT #TradedVC
ReadRig Security Raises $12 Million From Ten Eleven Ventures Brightmind Partners And CrowdStrike
Rig Security has raised $12 million to build identity protection for the AI era, emerging from stealth with backing from Ten Eleven Ventures, Brightmind Partners, CrowdStrike Falcon Fund and angel investors. Founded and led by Guy Kozliner, Rig uses its patent-pending RICE correlation engine and endpoint agent to connect human, non-human and AI identities, map permissions and enforce identity-first security policies at runtime. FOUNDER: Guy Kozliner INVESTORS: Ten Eleven Ventures, Brightmind Partners & CrowdStrike Falcon Fund AMOUNT: $12,000,000 HQ: New York, New York #VentureCapital #RigSecurity #GuyKozliner #TradedVC
ReadEliseAI Raises $350 Million At $4 Billion Valuation Led By Andreessen Horowitz
EliseAI raised $350 million at a $4 billion valuation in a round led by Andreessen Horowitz and Bessemer Venture Partners, with participation from Ontario Teachers’ Pension Plan, Sapphire Ventures and Navitas Capital. CEO Minna Song said the company’s AI products now serve 1 in 5 U.S. multifamily apartments, with those units seeing 2 percentage points higher occupancy and operators reporting up to 20% higher NOI. FOUNDERS: Minna Song & Tony Stoyanov INVESTORS: Andreessen Horowitz (a16z), Bessemer Venture Partners, Ontario Teachers’ Pension Plan, Sapphire Ventures & Navitas Capital AMOUNT: $350,000,000 VALUATION: $4,000,000,000 HQ: New York City, New York City #VentureCapital #EliseAI #MinnaSong #TonyStoyanov #TradedVC
ReadDandy Secures Funding For Dental Prosthetics Innovation Using Robotics And AI
Dandy is rebuilding dental prosthetics with robotics, AI and materials science, targeting a faster, more reliable process for dentists and patients. The company says its new dentures can be delivered in two appointments instead of the traditional five or six, as it works to modernize the high-mix, low-volume manufacturing process behind dental restorations. FOUNDERS: Daniel Hanover & Toni Oloko HQ: New York City, New York #VentureCapital #Dandy #DanielHanover #ToniOloko #TradedVC
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