ChatMegatron vs. OptimusPrime4.0
What aren't we naming Generative Pre-trained Transformers after actual Transformers?
Since last post we’ve seen 7 acquisitions, 11 fundraising rounds, 20 people moves & promotions, 1 new fund, 1 article, 9 roles, 4 newly added upcoming events, some Formula 1, and 3 memes.
M&A
Acuity Knowledge Partners acquired PPA Group (financial and ESG data service provider).
Bain Capital acquired Envestnet (wealth technology) in a $4.5B take-private deal.
Databricks acquired Prodvana (cloud-native infrastructure management).
OpenBrand acquired TraQline (consumer durables market data).
Squirro acquired Synaptica (taxonomy and ontology management software).
*Deals are announced but may not be closed.
Fundraising
Canoe Intelligence (alternative investments intelligence) raised $36M in a Series C led by Goldman Sachs Growth Equity.
Hebbia (AI platform for knowledge work) raised $130M in a Series B led by Andreessen Horowitz.
Continued beyond paywall
Thank you to all of my paid subscribers. This week’s newsletter is probably the most robust yet - featuring fundraising, people moves, articles, newly added events, open roles, memes, and a H1 2024 recap. Paid subscribers also get access to the Activity Tracker - spreadsheets of all M&A, fundraising, and jobs with links and active/closed status. Here’s a preview of the H1 summary…
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