IPO pipeline still frosty

Plus, AI coding sector fires up

September 3, 2024 Hi, Agen. It seems that none of the hot venture-backed tech companies seen as likely IPO prospects filed to go public in August with little indication September will be any busier. Plus, the AI coding sector is heating up with a pair of megadeals hitting the radar last week. And while the biotech sector has seen some big Series A fundings lately, it was the leading sector reporting tech layoffs last week. 🎶 IPO market looks to be ending 2024 on a low note September is often a busy time for pre-IPO roadshows. But not this year. With the pipeline of tech startups waiting to go public unusually dry, 2024 looks poised to end on a low note for new debuts. Insiders say it’s not likely to pick up greatly for a few quarters. 🔥 AI coding is ultra hot, with two more big rounds The intersection of AI and coding is one of the hottest areas for venture funding of late. But even in a heated investment environment, last week was an exceptional one, with big rounds for two companies in the space, Magic and Codeium. Related Crunchbase Pro list: Recipients Of Large Recent Rounds Tied To AI And Coding Automation 🏆 The week’s 10 biggest funding rounds The week saw a handful of nine-figure rounds, and some at pretty big valuations. That included one large round minting a new unicorn that has developed an AI-powered coding co-pilot. However, after some of the really large rounds, the round sizes dropped fast and furious. See also: The Crunchbase Megadeals Board ✂️ Layoffs hit fintech, biotech and Big Tech workers in a busy week The final week of August delivered bad news to over 400 tech workers with an East Coast-based fintech startup making the tough decision to shut down operations and tech giant Apple paring its digital services group. 🤔 5 interesting startup deals you may have missed in August This month was full of interesting rounds — ranging from a laundry startup to a company that has developed a sensor-laden tool for finding toxins and contaminants to help those that have allergies. ⚡ NEW: Automate your workflow with the Zapier integration Power your workflow with proprietary private company data on or off Crunchbase. With the new Zapier integration, you can automatically sync live Crunchbase data with over 7,000 tools of your choice. The integration is available for Enterprise and Pro customers, click here to learn more. Recent Investments Agrim Wholesale $17M / Series B Agrim Wholesale is an Agri-Input B2B marketplace that provides bulk agricultural products and supplies, catering to farms and distributors. Categories: B2B • E-Commerce • Marketplace • Retail • Wholesale Founders: Avi Jain, Mukul Garg Investors: Asia Impact (Lead), Accion Venture Lab, India Quotient + 2 more Melodi $11M / Series A Melodi is bringing to women undergoing breast reconstruction a clinically proven technology aimed at reducing surgical complications. Categories: Health Care • Medical • Medical Device Founders: Kai Worrell, Sarah Worrell Investors: Engage Venture Partners, Huimei Capital, Southeast Minnesota Capital Fund + 1 more Quai Network $5.0M / Venture Round Quai Network develops a decentralized cryptocurrency blockchain with stablecoin capabilities. Categories: Blockchain • Cryptocurrency • Developer Platform • FinTech • Software Founders: Alan Orwick, Karl Kreder, Sriram Vishwanath Investors: Cogitent Ventures, DexCheck Ventures, Giga Chad Ventures + 2 more More Fundings Company Amount / Round Lead Investor Evoq Therapeutics $2.0M / Grant National Institutes of Health University of California Irvine $1.0M / Grant National Science Foundation Wayve Unknown / Corporate Round Uber All Recent Funding Activity Recent Acquisitions Anju Software Pending acquisition by Valsoft for Unknown More Acquisitions Company Acquired By Amount Shenzhen Bytter Technology Linklogis Unknown All Recent Acquisition Activity Discover innovative companies and the people behind them. 564 Market St, San Francisco, CA 94104 © 2024 Crunchbase Inc. All rights reserved. Privacy Policy | Terms of Service Unsubscribe from Crunchbase Daily.