3 in Finance

4/26: Darktrace (LON: DARK) (England, UK), global leader in cybersecurity artificial intelligence, was acquired by Thoma Bravo for $5.3B in a public-to-private LBO. (Link)

4/24: Xaira Therapeutics (San Francisco, CA), a biotechnology AI drug discovery platform, raised $1B of Series A venture funding in a deal led by ARCH Venture Partners and Foresite Labs, placing the company’s pre-money valuation at $1.7B. (Link)

4/18: Cognition (New York, NY), developer of an autonomous AI chatbot designed to manage development projects, raised $175M of Series A-4 venture funding. The deal was led by Founders Fund, putting the company’s pre-money valuation at $1.8B. (Link)

3 for Fun

Meta introduced Llama 3, the next generation of open-source large language models. (Link)

Microsoft announced $1.7B investment to advance Indonesia’s AI ambitions. (Link)

New federal bill could require disclosure by AI companies for which copyrighted works were used in training models, in potential win for artists. (Link)