Illustration: Sarah Grillo/Axios. Stock: Getty Images
Venture Capital
• Neura Robotics, a German humanoid robotics developer, raised $1.4b in Series C funding from Tether, Qualcomm, Amazon, Nvidia, imec.xpand, Bosch, Schaeffler, European Investment Bank, Lingotto Horizon, and InterAlpen Partners. Go deeper
• Cyera, an NYC-based data security company, raised $600m at a $12b valuation, a higher raise than previously reported. Evolution Equity Partners led, joined by Temasek, Cyberstarts, Accel, AT&T Ventures, Blackstone, Coatue and other existing investors. Go deeper
• Pi, an SF-based cybersecurity startup that analyzes code and communications, raised a $25m Series A led by Third Point Ventures. Go deeper
• Niteshift, an NYC-based cloud platform for AI coding agents, raised $7m in seed funding. Greylock led, joined by Amplify Partners, Lux Capital, BoxGroup and SV Angel. Go deeper
• Lium, a complex data set interpretation startup, raised $5.5m in seed funding from SJF Ventures, Wavemaker 360, Reach Capital, and GC&H Investments. Go deeper
• Flux, a Boston-based engineering platform, raised $5m. Calibrate Ventures led, joined by True Ventures and Glasswing Ventures. Go deeper
Private Equity
⚡ DCC (LSE: DCC), an Ireland-based energy distributor, said it would accept a sweetened £5.7b takeover offer from KKR and Energy Capital Partners. Go deeper
• DwyerOmega, a portfolio company of Arcline Investment Management, acquired Burns Engineering, an Eden Prairie, Minn.-based provider of temperature measurement. Go deeper
• Healthcare Holding Schweiz, managed by Winterberg Advisory and KKA Partners, acquired Compet Medical, a Swiss provider of harm reduction solutions for public health groups. Go deeper
• PartsSource, a Bain Capital portfolio company, acquired SkillNet, a workforce intelligence platform for hospitals and health systems. Go deeper
• Ridgeline Roofing & Restoration, a Bertram Capital portfolio company, acquired Nebraska-based Fremont Roofing Co. Go deeper
Public Offerings
• American Ventures Acquisition I, a SPAC led by Anthony Hayes (Dominari Holdings), filed for a $100m IPO. Go deeper
M&A
• Frasers Group (LSE: FRAS) offered to buy German fashion brand Hugo Boss (ETR: BOSS) for around €2.7b, or €38 per share (4% premium to Wednesday's close). Go deeper
• Warner Music Group (Nasdaq: WMG) agreed to acquire Sureel AI, a Santa Clara, Calif.-based AI attribution startup. Go deeper
Liquidity
⚡️ Voltus, an SF-based virtual power plant operator, agreed to acquire Brightfield AI, an energy storage software provider backed by Overture Ventures and Energy Impact Partners. Go deeper
It's Personnel
⚡️Fervo Energy (Nasdaq: FRVO), the Houston-based geothermal developer, promoted SVP Sarah Jewett to COO. Go deeper
• Muhammad Alhammad joined Saudi Arabia's Public Investment Fund as director of health care MENA investment. Go deeper
• Ken Wolff joined OceanSound Partners as a partner and chief legal officer. He previously co-led the PE group at Skadden, Arps, Slate, Meagher & Flom. Go deeper
