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 February alone, we added more than 1,700 new private company transactions, bringing the total to over 19,000 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.
- Transaction Date: 2/12/2026
- Industry: Software
- Type: Growth Equity
- Transaction Value: $30B
- Participants: TPG, JP Morgan Asset Management, Inc., Founders Fund, GIC Private Limited, Coatue Management, D.E. Shaw, Dragoneer Investment Group, ICONIQ Capital, MGX Fund Management Limited, Accel Management, Addition, Alpha Wave Global, Altimeter Capital Management, Appaloosa Management, Baillie Gifford, Bessemer Venture Partners, BlackRock, Blackstone, D1 Capital Partners, Fidelity Management & Research Company, General Catalyst Partners, Greenoaks Capital, Goldman Sachs Alternatives, Insight Partners, Jane Street Group LLC, Lightspeed Venture Partners, Menlo Ventures, Morgan Stanley Investment Management (Eaton Vance), NX1 Capital LP, Qatar Investment Authority, Sands Capital Management, Sequoia Capital, Temasek, TowerBrook Capital Partners, Whale Rock Capital Management, XN
Anthropic raised $30 billion in Series G funding at a $380 billion post-money valuation, led by GIC and Coatue alongside a broad syndicate of institutional and strategic investors, to fuel frontier AI research, product development, and infrastructure expansion. The raise reflects Anthropic's rapid commercial growth, with run-rate revenue reaching $14 billion — growing over 10x annually for three consecutive years — driven by enterprise adoption of Claude, with Claude Code alone generating over $2.5 billion in run-rate revenue.
- Transaction Date: 2/11/2026
- Industry: Software
- Type: Acquisition/Merger
- Transaction Value: $25B
- Participants: Cyberark, Palo Alto Networks Inc, J.P. Morgan Securities LLC, Wachtell, Lipton, Rosen & Katz, Arnold & Porter Kaye Scholer LLP, Qatalyst Partners, Latham & Watkins LLP
Palo Alto Networks completed its acquisition of CyberArk, the global leader in Identity Security and Privileged Access Management, in a cash-and-stock transaction valued at approximately $25 billion, representing a 26% premium to CyberArk's unaffected share price. The deal establishes identity security as a core pillar of Palo Alto Networks' platformization strategy, extending privileged access controls across human, machine, and AI agent identities, with the combined company also announcing plans to pursue a secondary listing on the Tel Aviv Stock Exchange under the "CYBR" ticker.
- Transaction Date: 2/2/2026
- Industry: Software
- Type: Growth Equity
- Transaction Value: $16B
- Participants: Dragoneer Investment Group, DST Global, Sequoia Capital, Andreessen Horowitz (A16Z), Perry Creek Capital, Mubadala Capital, Bessemer Venture Partners, Silver Lake, Tiger Global Management, T. Rowe Price, BDT & MSD Partners, CapitalG, Fidelity Management & Research Company, GV (Google Ventures), Kleiner Perkins, Temasek
Waymo raised a $16 billion investment round at a $126 billion post-money valuation, led by Dragoneer, DST Global, and Sequoia Capital alongside significant participation from Andreessen Horowitz, Mubadala, Silver Lake, and others, with Alphabet continuing as majority investor. The capital will fund global expansion of Waymo's autonomous ride-hailing service — which tripled annual volume to 15 million rides in 2025 across six US cities — into 20+ additional markets in 2026 including Tokyo and London.
- Transaction Date: 2/4/2026
- Industry: IT Services
- Type: Acquisition/Merger
- Transaction Value: $5.1B
- Participants: KKR, Singapore Telecommunications Limited, ST Telemedia, Citi Group Investment Banking
A KKR-led consortium with Singtel agreed to acquire the remaining 82% stake in ST Telemedia Global Data Centres (STT GDC) from founding shareholder ST Telemedia for S$6.6 billion, implying a total enterprise value of ~S$13.8 billion (~US$10.9 billion), in one of the largest digital infrastructure transactions in Southeast Asia. Upon closing, KKR and Singtel will hold 75% and 25% respectively in STT GDC, a fast-growing data centre platform with 2.3 GW of design capacity across 12 markets in Asia Pacific, the UK, and Europe, with closing expected in early H2 2026.
- Transaction Date: 2/9/2026
- Industry: Software
- Type: Growth Equity
- Transaction Value: $5B
- Participants: JP Morgan Asset Management, Inc., Glade Brook Capital Partners, Goldman Sachs Alternatives, Microsoft Corporation, Morgan Stanley Investment Management (Eaton Vance), Neuberger Berman Group, Qatar Investment Authority, UBS Asset Management
Databricks completed over $7 billion in new financing — including ~$5 billion in equity at a $134 billion valuation and ~$2 billion in new debt capacity — led by JPMorganChase alongside a broad group of institutional investors including Goldman Sachs, Microsoft, Morgan Stanley, and QIA. The capital will accelerate development of Lakebase, its serverless Postgres database for AI agents, and Genie, its conversational AI assistant, as the company surpassed $5.4 billion in revenue run-rate growing over 65% year-over-year.
- Transaction Date: 2/18/2026
- Industry: Software
- Type: Growth Equity
- Transaction Value: $3B
- Participants: HUMAIN
HUMAIN, a PIF-backed AI company, invested $3 billion in xAI's Series E round just prior to xAI's acquisition by SpaceX, with its xAI holdings subsequently converted into SpaceX shares, making HUMAIN a significant minority shareholder in the combined entity. The investment builds on HUMAIN and xAI's existing 500 MW AI infrastructure partnership in Saudi Arabia and reflects HUMAIN's broader strategy of deploying large-scale capital into category-defining frontier AI platforms.
- Transaction Date: 1/2/2026
- Industry: Software
- Type: Acquisition/Merger
- Transaction Value: $2.15B
- Participants: Real Asset Acquisition Corp., IQM Finland Oy, J.P. Morgan Investment Bank, Rothschild & Co., TD COWEN, Cohen & Company Capital Markets, Cooley LLP, Borenius Attorneys Ltd, Perkins Coie LLP, Krogerus Attorneys Ltd, Conyers Dill & Pearman LLP
IQM Quantum Computers agreed to merge with SPAC Real Asset Acquisition Corp. in a business combination valuing IQM at ~$1.8 billion pre-money, making it the first European quantum company to go public, with expected cash at closing exceeding $450 million (including ~$175 million from RAAQ's trust, ~$134 million in PIPE proceeds, and $172 million of existing cash). The listing will accelerate IQM's commercialization of full-stack superconducting quantum computers, having already delivered 15 systems to 13 customers including four of the world's top 10 supercomputing centers.
- Transaction Date: 2/9/2026
- Industry: Software
- Type: Credit
- Equity Investment: $2B
- Participants: Jpmorgan Chase Bank, N.A., Barclays, Citi, Goldman Sachs Group Inc, Morgan Stanley
Databricks secured ~$2 billion in new debt capacity through credit facilities led by JPMorgan Chase alongside Barclays, Citi, Goldman Sachs, and Morgan Stanley, with participation from other financial institutions and alternative asset managers, to fund AI research, strategic acquisitions, and continued platform development. The facilities were arranged alongside Databricks' concurrent ~$5 billion Series L equity round as the company surpassed $5.4 billion in revenue run-rate growing over 65% year-over-year.
- Transaction Date: 2/2/2026
- Industry: Electronic Equipment & Instruments & Components
- Type: Acquisition/Merger
- Transaction Value: $1.45B
- Participants: ESAB Corporation, Previan, Novacap, McCarthy Tétrault LLP, Goldman Sachs Group Inc, EC M&A
ESAB Corporation agreed to acquire Eddyfi Technologies, a global leader in advanced non-destructive inspection and monitoring technologies, for $1.45 billion, funded through a combination of cash, debt, and $318 million in committed equity. The deal, expected to close mid-2026, expands ESAB's addressable market by ~$5 billion by adding Eddyfi's ~$270 million revenue, 65%+ gross margin inspection platform to create an end-to-end fabrication, inspection, and monitoring workflow solution for aerospace, defense, nuclear, and energy markets.
- Transaction Date: 2/25/2026
- Industry: Software
- Type: Growth Equity
- Transaction Value: $1.2B
- Participants: Eclipse Ventures, Balderton Capital, SoftBank, Ontario Teachers' Pension Plan (OTPP), Baillie Gifford, British Business Investments, Icehouse Ventures, Schroders Capital, Microsoft Azure, NVIDIA Corporation, Uber Technologies Inc., Mercedes-Benz AG, Nissan Motor Corporation, Stellantis Ventures
Wayve raised $1.5 billion in total capital — including a $1.2 billion Series D led by Eclipse, Balderton, and SoftBank Vision Fund 2 at an $8.6 billion post-money valuation, with strategic participation from Microsoft, NVIDIA, Uber, Mercedes-Benz, Nissan, and Stellantis, plus additional milestone-based capital from Uber tied to robotaxi deployments. The funding accelerates Wayve's shift to commercial deployment of its end-to-end embodied AI autonomous driving platform, with robotaxi trials planned for 2026 and consumer vehicle deployments from 2027 across 10+ global markets.
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.
