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 May alone, we added more than 1,400 new private company transactions, bringing the total to over 24,000 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: 5/18/2026
- Industry: Software
- Type: Acquisition/Merger
- Transaction Value: $6.75B
Qualtrics has completed its $6.75 billion acquisition of Press Ganey Forsta, the trusted standard for healthcare experience measurement relied upon by more than 41,000 healthcare facilities including the majority of U.S. hospitals, marking the largest tech acquisition in Utah history. The deal combines Press Ganey Forsta's decades of proprietary patient voice data and regulatory systems with Qualtrics' Experience Management AI platform to create the world's largest dataset for human experiential context, enabling healthcare providers to shift from reactive measurement to AI-driven predictive experience management.
- Transaction Date: 5/6/2026
- Industry: Electronic Equipment & Instruments & Components
- Type: Acquisition/Merger
- Transaction Value: $5B
AMETEK has agreed to acquire a portfolio of instrumentation businesses from Indicor in an all-cash transaction valued at approximately $5.0 billion, adding a group of mission-critical industrial and scientific measurement solutions that generate approximately $1.1 billion in annual sales. The deal, which will be integrated into AMETEK's existing Electronic Instruments and Electromechanical Groups, expands AMETEK's differentiated instrumentation portfolio with businesses generating substantial recurring revenue from consumables, services, and aftermarket support.
- Transaction Date: 5/11/2026
- Industry: IT Services
- Type: Venture
- Transaction Value: $4B
OpenAI has launched the OpenAI Deployment Company, a new majority-owned business unit backed by more than $4 billion in initial investment from 19 global partners led by TPG, Advent, Bain Capital, and Brookfield, designed to embed specialized Forward Deployed Engineers into enterprises to build and deploy AI systems across critical workflows. In connection with the launch, OpenAI has agreed to acquire Tomoro, an applied AI consulting firm, bringing approximately 150 experienced engineers to the Deployment Company from day one to accelerate enterprise AI deployment for clients including Tesco, Virgin Atlantic, and Supercell.
- Transaction Date: 5/7/2026
- Industry: Software
- Type: Growth Equity
- Transaction Value: $2B
Moonshot AI, the Beijing-based developer of the Kimi chatbot, is closing a $2 billion funding round at a post-money valuation above $20 billion — a roughly seven-fold increase from its $3 billion December 2024 valuation — led by Meituan's Dragon Ball investment arm with participation from China Mobile and CITIC Private Equity Funds. The rapid re-rating is underpinned by Kimi's explosive commercial growth, with annualized recurring revenue doubling from $100 million to over $200 million between March and April 2026, making Moonshot the most heavily funded Chinese LLM startup of the current cycle with over $3.9 billion raised in the past six months.
- Transaction Date: 5/4/2026
- Industry: Software
- Type: Buyout/Private Equity
- Transaction Value: $1.65B
Lattice Semiconductor has agreed to acquire AMI, the leader in platform firmware and infrastructure manageability for cloud and AI, from THL Partners for $1.65 billion in a cash and stock transaction, combining Lattice's low-power FPGAs with AMI's firmware and manageability solutions to create the industry's most complete secure management and control platform. The deal, which is expected to be immediately accretive to gross margin, free cash flow, and non-GAAP EPS, adds over $200 million in expected 2026 revenue and supports Lattice's trajectory toward a $1 billion+ annual revenue run rate by year-end 2026.
- Transaction Date: 5/19/2026
- Industry: Semiconductors & Semiconductor Equipment
- Type: Acquisition/Merger
- Transaction Value: $1.5B
Analog Devices has agreed to acquire Empower Semiconductor, a Silicon Valley-based integrated voltage regulator company, for $1.5 billion in an all-cash transaction, adding Empower's FinFast power delivery technology that enables high-density, high-efficiency power conversion closer to the processor for AI and compute-intensive applications. The deal strengthens ADI's power management platform as power density — not just total watts — has emerged as the critical constraint in scaling next-generation AI systems, with Empower's integrated voltage regulator programs already advancing in collaboration with leading hyperscalers and AI silicon providers.
- Transaction Date: 5/4/2026
- Industry: Software
- Type: Growth Equity
- Transaction Value: $950M
Sierra, an enterprise AI agent platform serving over 40% of the Fortune 50, has raised $950 million from new and existing investors led by Tiger Global and GV at a valuation of over $15 billion, giving the company more than $1 billion to invest in becoming the global standard for AI-powered customer experiences. The capital will support Sierra's rapid expansion beyond customer support into the full customer lifecycle — spanning insurance claims, mortgage origination, banking, healthcare revenue cycle management, and retail — as its platform powers billions of customer interactions with deployment timelines as short as five to ten weeks.
- Transaction Date: 5/21/2026
- Industry: Software
- Type: Venture
- Transaction Value: $700M
Hark, a new AI lab building advanced personalized intelligence, has raised over $700 million in a Series A round led by Parkway Venture Capital at a $6 billion post-money valuation, with strategic participation from NVIDIA, AMD Ventures, Intel Capital, Qualcomm Ventures, Salesforce Ventures, and ARK Invest, among others. The capital will fund development of Hark's vertically integrated platform spanning foundation models, software systems, and AI-native hardware devices designed to deliver persistent, personalized intelligence that knows and anticipates individual users — with AI models expected to roll out later in 2026 followed by purpose-built hardware.
- Transaction Date: 5/13/2026
- Industry: Software
- Type: Venture
- Transaction Value: $650M
Recursive, a stealth AI lab founded by former research leaders from OpenAI, Google DeepMind, Meta AI, Salesforce AI, and Uber AI, has raised $650 million at a $4.65 billion valuation in a heavily oversubscribed round led by GV and Greycroft with major participation from AMD Ventures and NVIDIA. The company is building AI that conducts experiments to safely improve itself through open-ended automated scientific discovery — arguing that recursively self-improving AI represents the fastest path to superintelligence — with an initial focus on AI that improves AI before expanding the approach to other scientific disciplines.
- Transaction Date: 5/1/2026
- Industry: Software
- Type: Acquisition/Merger
- Transaction Value: $643M
Nebius has agreed to acquire Eigen AI, a leading inference and model optimization company founded by MIT HAN Lab researchers, for approximately $643 million in cash and Nebius shares, strengthening its Token Factory managed inference platform with a battle-tested full-stack optimization approach spanning post-training, fine-tuning, and production inference. The deal adds elite inference research talent — including creators of industry-standard techniques such as Activation-Aware Weight Quantization (AWQ) and Sparse Attention — while establishing Nebius's first Bay Area engineering and research presence as inference becomes the fastest-growing segment of AI compute demand.
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.
