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For deal sourcers, staying current on private company activity is critical to spotting active buyers, tracking market trends, and uncovering emerging investment opportunities ahead of competitors.
In April alone, we added more than 2,000 new private company transactions, bringing the total to over 22,000 searchable deals across sectors, industries, and transaction types in Dakota Marketplace.
Inside Dakota Marketplace, you’ll find the transactions tab that provides structured, filterable data on deal types, values, and dates, while our editorial team curates daily updates through the dakota transactions newsletter, helping you cut through the noise and focus on what matters most.
To ensure the most comprehensive coverage of private market activity, Dakota monitors over 10,000 websites including company websites, newswires, and numerous third-party news providers to capture and verify transaction data as it happens.
Below are the top 10 information technology transactions.
Intel has agreed to repurchase the 49% equity interest in its Fab 34 Ireland joint venture from Apollo-managed funds for $14.2 billion, funded through cash on hand and approximately $6.5 billion in new debt, unwinding the 2024 transaction in which Apollo invested $11.2 billion to provide Intel with equity-like capital during a critical period of its manufacturing roadmap. The buyback reflects Intel's strengthened balance sheet and evolving strategic priorities, with Fab 34 remaining central to its global manufacturing footprint as a high-volume facility producing Intel 4 and Intel 3 process technologies for AI-era processors.
Jeff Bezos's physical AI lab Project Prometheus has closed a $10 billion funding round at a valuation of approximately $38 billion, with JP Morgan, BlackRock, DST Global, and Arch Venture Partners among the participants. The company, co-founded with former Google Life Sciences executive Vik Bajaj, builds AI to assist engineering and manufacturing across sectors including aerospace, computing, and automobiles, and is separately exploring raising tens of billions more through a holding company to acquire businesses likely to be disrupted by AI.
Hg has completed its acquisition of OneStream, the leading enterprise Finance management platform for the Office of the CFO, for approximately $6.4 billion in an all-cash transaction at $24.00 per share — a 31% premium to OneStream's closing price prior to announcement — taking the company private with General Atlantic and Tidemark as minority investors. The deal positions OneStream to accelerate its AI-first strategy and Finance AI capabilities at a critical inflection point for enterprise finance technology, with founder and CEO Tom Shea and the existing leadership team remaining in place.
Anthropic and Amazon have expanded their cloud and infrastructure partnership, with Anthropic committing more than $100 billion over ten years to AWS technologies to secure up to 5 gigawatts of compute capacity for training and deploying Claude across Trainium2 through Trainium4 chips. As part of the expanded collaboration, Amazon is investing an additional $5 billion in Anthropic today — with up to $20 billion more in the future — building on the $8 billion previously invested, as Anthropic's annualized revenue has surpassed $30 billion, up from approximately $9 billion at the end of 2025.
Adobe has completed its acquisition of Semrush, a leading brand visibility and SEO platform, in an all-cash transaction valued at approximately $1.9 billion, or $12.00 per share. The deal integrates Semrush's search engine optimization and generative engine optimization capabilities into Adobe's CX Enterprise platform, positioning the combined company to help marketers maintain brand discoverability across traditional search, LLMs, and AI agents as agentic AI reshapes how consumers discover and engage with brands.
Belden has agreed to acquire RUCKUS Networks from Vistance Networks for approximately $1.85 billion, adding industry-leading Wi-Fi, enterprise switching, and an AI-driven cloud networking platform serving more than 48,000 customers globally. The deal, priced at approximately 13x projected 2026 adjusted EBITDA, establishes Belden as a full-stack IT/OT networking solutions provider and is expected to be immediately accretive to adjusted EPS, with RUCKUS contributing gross margins above 60% and adjusted EBITDA margins above 20% in the first full year of ownership.
Hexagon AB has agreed to acquire Waygate Technologies, a global leader in non-destructive testing solutions, from Baker Hughes for approximately $1.45 billion in cash, expanding its Manufacturing Intelligence business into the NDT market. Waygate generates roughly $630 million in annual revenue across aerospace, automotive, energy, and industrial end markets, and Hexagon sees a clear path to margin improvement through manufacturing localization, China infrastructure leverage, and cross-selling synergies with its existing precision measurement and CT software portfolio.
Ineffable Intelligence, a London-based AI startup founded by former Google DeepMind reinforcement learning lead David Silver, has raised a record $1.1 billion seed round co-led by Sequoia and Lightspeed with participation from Nvidia, DST Global, Google, and the UK's Sovereign AI Fund, valuing the months-old company at $5.1 billion. The company is pursuing superintelligence through reinforcement learning — training AI models from their own experience rather than human-generated data — with the stated mission of building a "superlearner" capable of independently discovering knowledge from elementary skills through to scientific breakthroughs.
VAST Data, an AI infrastructure and data platform company, has closed a Series F financing round at a $30 billion valuation — more than triple its $9.1 billion Series E valuation from late 2023 — in a transaction totaling approximately $1 billion led by Drive Capital and Access Industries with participation from Fidelity, NEA, and NVIDIA. The company, which has surpassed $4 billion in cumulative bookings and exited its most recent fiscal year with over $500 million in committed ARR at a positive operating margin, is positioned as a central AI operating system for global datacenter buildouts spanning training, inference, and agentic AI workloads.
Adyen has agreed to acquire Talon.One, a leading loyalty and incentives platform serving 300+ global merchants, for €750 million in cash, adding a real-time promotions and decisioning engine expected to generate approximately €60 million in ARR by year-end with 30–40% annual growth. The deal advances Adyen's Unified Commerce strategy by enabling merchants to combine Adyen's global payments infrastructure and transaction data with Talon.One's real-time decisioning to recognize shoppers and dynamically apply personalized promotions and pricing across online and in-store channels before payment is completed.
At Dakota, we understand how important it is to stay current on deal activity as it happens. That’s why our editorial team continuously monitors the news for real-time updates on platform investments, add-ons, divestitures, and more to deliver daily highlights straight to your inbox through our transactions newsletter.
Inside Dakota Marketplace, the transactions tab provides structured, filterable data with deal dates, types, sectors, and financials, allowing you to build a customized feed that aligns with your focus areas.
Whether you're evaluating a new investment opportunity or tracking trends within a target sector, Dakota Marketplace helps you cut through the noise and focus on what matters most.
For more information on these transactions and a deeper dive into their industries and sub-industries, book a demo of Dakota Marketplace.
Written By: Cate Costin, Marketing Associate
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