Mechanical Orchard Secures $50M Series B Led by GV to Revamp Legacy Applications

Venture Capital

• Mechanical Orchard Secures $50M Series B Led by GV to Revamp Legacy Applications.

• Neon, a database startup, raised $25M from M12.

• Anjuna, a platform for universal confidential computing, completed a $25M Series B-2 round led by M Ventures, SineWave Ventures, and AI Capital Partners.

• Datch, an AI-driven company enhancing the manufacturing and energy sectors, secured a $15M Series A extension led by Third Prime.

• LightSolver, an energy-efficient supercomputing startup, raised $12.5M from EIC.

• Napkin, a visual AI platform, closed a $10M round with Accel and CRV.

• Bandana, a platform helping wage workers find better jobs, raised $8.5M in a round led by General Catalyst.

• BBTruck, a logistics and supply chain tech startup, secured $6.5M in a pre-Series A round led by Oasis Venture and others.

Private Equity

• Management and KKR are set to take Japanese software developer Fuji Soft private for approximately $4.1B.

• EQT will acquire a majority stake in Swiss cybersecurity firm Acronis at a valuation of around $4B.

• Pershing Square, led by Bill Ackman, is considering a $3.4B buyout of real estate developer Howard Hughes.

• Billionaire Paul Foster is exploring the sale of private oil producer Franklin Mountain Energy for around $3B.

• Swiss pharmaceutical giant Roche is considering selling Flatiron Health, a cancer data specialist acquired in 2018 for $1.9B.

• Bansk, a private equity firm, will take pet wellness company PetIQ private in a $1.5B deal.

• Savannah Energy has terminated its planned $1.25B acquisition of PETRONAS' South Sudan business.

• Equity Residential, an apartment REIT, will acquire a portfolio of apartments from Blackstone for $964M.

• Aramco plans to increase its stake in petrochemical JV Petro Rabigh by 22.5% for $702M.

• Air Incheon, a South Korean cargo carrier, will acquire Asiana Airlines' cargo unit for $342M.

• BHP is looking to sell the Brazilian copper and gold assets it acquired from its takeover of Oz Minerals.

• Walgreens is exploring the sale of primary-care provider VillageMD.

IPO

• Adani Enterprises of India is expected to launch a $1B share sale in September.

• Callaway is contemplating spinning off its Topgolf driving-range chain.

New Funds

• Blackstone has launched an infrastructure fund targeting Very High Net Worth Individuals (VHNWIs).