May 1, 2024

Bundle faves

Hi there, 

Alright…we nailed it.

Again 🙂

In February, we highlighted that cybersecurity leaders would get busy on the M&A front.

And 2 early-stage cybersecurity companies we identified in February as targets have already been scooped up. 

• Gem Security by Wiz for $350M 
• Silk Security by Armis for $150M

This past week, Thoma Bravo announced it would take AI-powered threat detection company Darktrace private for $5.3B — another indication of the excitement around cybersecurity in the age of AI.

CB Insights customers can use this search to check out 51 promising early-stage cyber AI companies. 

Alongside cyber consolidation, see the rest of the 2024 tech trends we identified here. 

Contagious

AI is central to Google’s activity in healthcare.

The tech giant is:

• Investing in AI-enabled care models
• Launching new genAI-fueled products, like its medical chatbot
• And more

Discover how AI has shaped Google’s healthcare priorities in this strategy map.

Target practice

Following Ramp’s recent Series D round, we identified a list of potential M&A targets for the co.

To recap, here is the criteria we used:

• Early-stage
• In the expense management/procurement/etc. space
• Commercial Maturity level of 1 (Emerging), 2 (Validating), or 3 (Deploying)
• Hasn’t raised funding since 12/31/2022
• Based in the US

Payments Dive reported on our list, drawing a response from Ramp that confirmed its strategic focus on M&A/small teams.

CB Insights customers can directly access the full list of potential Ramp M&A targets here with a breakdown of each company’s commercial maturity.

Hot bots

Advanced manufacturing funding jumped 47% QoQ in Q1’24.

Humanoid robots were a major force behind the upswing.

Just 4 months into the year, funding to these bots has reached a record annual level.

Dive deeper into advanced manufacturing momentum in this report.

Industry Standard

Wall Street Journal. Berber Jin (@berber_jin1) covers funding to AI startups and cites CB Insights data.

Financial Times. Patrick Temple-West (@Temple_West) discusses the crossover between renewable energy and AI and mentions CB Insights research.

Bloomberg. Eddy Duan (@Eddy_jjj), Min Jeong Lee (@leeminjeong83), and Yasutaka Tamura (@yasutaka_tamura) report on the startup ecosystem in Japan using CB Insights data.

I love you. 

Anand 

@asanwal 

P.S. Our analysts recently dove into the data behind our State of Digital Health Q1’24 Report. Download the briefing recording to listen in.

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