
Illustration: Aïda Amer/Axios. Stock: Getty Images
Venture Capital
- Baseten, an SF-based AI inference startup, is in talks to raise Series G funding at a $26b valuation, per Axios Pro. Go deeper
- Cyera, an NYC-based data security company, raised $400m in Series G extension funding from Goldman Sachs Alternatives at nearly a $2b post-money valuation. Go deeper
- Numeral, a sales tax compliance platform, today announced a $100m Series C funding. Insight Partners led, joined by Salesforce Ventures, Geodesic, Benchmark, Mayfield, FCVC, YC, and Uncork. Go deeper
- Ema, a Mountain View, Calif.-based developer of enterprise agents, raised $77m in Series B funding. Creaegis led, joined by insiders Accel, S32, and Prosus. Go deeper
- Firecrawl, a library of official data for AI agents, raised $75m in Series B funding. Smash Capital led, joined by Altos Ventures, Nexus Venture Partners, YC, Freestyle, and Offline. Go deeper
- Chamelio, an AI platform for in-house legal teams, raised $26m in Series A funding. Entrée Capital led, joined by Work-Bench, Emerge Ventures, and Bright Pixel Capital. Go deeper
- Ando, an SF-based agentic team messaging platform, raised a $20m seed. Accel, Index Ventures, and Emergence Capital led, joined by Contrary Capital. Go deeper
- Feldera, an SF-based data infrastructure startup, raised $15.4m in Series A funding, per Axios Pro. Inovia Capital led, joined by Costanoa Ventures and Battery Ventures. Go deeper
- Kheops, a French retail supply data platform, raised €15m from Odyssée Venture, ISAI, and Elaia. Go deeper
Private Equity
- Adlib Software, a Diversis Capital-backed company that makes AI-ready data for regulated industries, is buying Paperbox, an agentic AI insurance platform. Go deeper
- CloudFirst, backed by Renovus Capital Partners, acquired Forvis Mazars' IT and cyber managed services practice. Go deeper
- Hg agreed to acquire a 70% stake in Greek enterprise software company Entersoftone at a valuation north of €1b, with Olympia Group and Imker Group retaining the other 30%. Go deeper
- Main Capital Partners agreed to acquire Swedish business software provider Confirma Software from Abry Partners. Go deeper
- Main Capital Partners acquired Qbees, a German managed IT services and software provider. Go deeper
Liquidity
- BlackLine (Nasdaq: BL), a financial software automation platform, acquired Toronto-based NetNow, a B2B customer onboarding and credit risk management company. NetNow's backers include Rhino Ventures, Intuit Canada, Antler, Day One Ventures, and Plug and Play. Go deeper
- Hellman & Friedman hired JPMorgan and Goldman Sachs to sell Applied Systems, a Chicago-based insurance software provider that could fetch up to $10b, per Reuters. Go deeper
- IBM (NYSE: IBM) agreed to acquire Logiq, a U.K. cybersecurity consultancy whose backers include Phoenix Equity Partners. Go deeper
M&A
- Groundcover, a Tel Aviv-based cloud monitoring company backed by One Peak, said it has acquired Wand, a Tel Aviv-based cloud application company. Go deeper
