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 November alone, we added more than 4,000 new private company transactions, bringing the total to over 13,000 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.
1. Ampere Computing Holdings - Strategic Acquisition
- Transaction Date: 11/26/2025
- Industry: Semiconductors & Semiconductor Equipment
- Type: Merger & Acquisition
- Transaction Value: $6.5B
- Participants: Softbank Group Corp, The Carlyle Group Inc, Oracle Corporation
SoftBank Group has completed its $6.5 billion all-cash acquisition of Ampere Computing, making the U.S.-based semiconductor company a wholly owned subsidiary. The deal strengthens SoftBank’s AI infrastructure strategy by integrating Ampere’s expertise in high-performance, Arm-based processors for cloud and AI workloads. Ampere will continue to operate under its name from its Santa Clara headquarters.
2. Chronosphere - Strategic Acquisition
- Transaction Date: 11/19/2025
- Industry: Software
- Type: Merger & Acquisition
- Transaction Value: $3.35B
- Participants: Palo Alto Networks Inc, Chronosphere, Morrison & Foerster LLP, Sierra Ventures Corp, Greylock Partners, Lux Capital, General Atlantic, GV (Google Ventures)
Palo Alto Networks has announced a definitive agreement to acquire Chronosphere for $3.35 billion in a move to bolster its observability and AI-driven remediation capabilities. Chronosphere’s scalable platform, tailored for high-volume cloud and AI workloads, will integrate with Palo Alto’s AgentiX™ to enable autonomous performance monitoring and issue resolution. The deal, expected to close in the second half of fiscal 2026, marks Palo Alto Networks’ entry into the observability space with a focus on unifying data and security for modern digital environments.
3. Cursor - Series D
- Transaction Date: 11/13/2025
- Industry: Software
- Type: Growth Equity
- Transaction Value: $2.3B
- Participants: Thrive Capital, Andreessen Horowitz (A16Z), Accel Management, DST Global, Coatue Management, NVIDIA Corporation, GV (Google Ventures)
Cursor has raised $2.3 billion in a Series D funding round, bringing its post-money valuation to $29.3 billion, with backing from existing investors and new participation from Coatue, NVIDIA, and Google. The funding will accelerate research, product development, and growth of its AI-powered coding platform, which recently launched the Composer agentic coding model. Cursor now serves millions of developers, surpasses $1 billion in annualized revenue, and positions itself as a foundational tool for enterprise software creation in the AI era.
4. Semrush Holdings - Strategic Acquisition
- Transaction Date: 11/19/2025
- Industry: Software
- Type: Merger & Acquisition
- Transaction Value: $1.9B
- Participants: Adobe Inc, Semrush Holdings Inc, Wachtell, Lipton, Rosen & Katz, Centerview Partners, Davis Polk & Wardwell LLP
Adobe has announced it will acquire Semrush for $1.9 billion in an all-cash deal, aiming to enhance its capabilities in brand visibility and search performance in the era of generative AI. By integrating Semrush’s expertise in GEO and SEO with Adobe’s digital experience tools like AEM and Adobe Analytics, the combined offering will help marketers manage how brands appear across owned media, traditional search, and AI platforms. The acquisition is expected to close in the first half of 2026, pending regulatory and shareholder approvals.
5. Lambda - Series E
- Transaction Date: 11/18/2025
- Industry: Software
- Type: Venture
- Transaction Value: $1.5B
- Participants: TWG Global, LLC
Lambda has raised over $1.5 billion in Series E funding, led by TWG Global and US Innovative Technology Fund, to accelerate the development of gigawatt-scale AI infrastructure. The investment will support Lambda’s expansion of AI factories and cloud supercomputers to meet soaring demand from hyperscalers, enterprises, and AI labs pursuing superintelligence. With a mission to make compute as ubiquitous as electricity, Lambda aims to lead the next era of large-scale AI infrastructure in the U.S.
6. HyperVault - Minority
- Transaction Date: 11/20/2025
- Industry: Software
- Type: Growth Equity
- Transaction Value: $1B
- Participants: Cyril Amarchand Mangaldas, AZB & Partners, Latham & Watkins LLP, TPG
Tata Consultancy Services (TCS) has secured a ₹8,820 crore (approximately $1 billion) investment from TPG to accelerate the growth of its AI data center business, HyperVault. The strategic partnership will fund the development of gigawatt-scale, liquid-cooled AI-ready infrastructure to serve hyperscalers and enterprise clients. With plans to invest up to ₹18,000 crore jointly, the move positions TCS to become a global leader in AI-powered technology services.
7. vLex - Strategic Acquisition
- Transaction Date: 11/10/2025
- Industry: Software
- Type: Merger & Acquisition
- Transaction Value: $1B
- Participants: Osler, Hoskin & Harcourt, Oakley Capital, Clio, Goldman Sachs Investment Banking, Wilson Sonsini Goodrich & Rosati, Gowling WLG, Perez Llorca, J.P. Morgan Securities LLC, A&O Shearman
Clio has completed its landmark $1 billion acquisition of legal intelligence platform vLex, marking one of the largest deals in legal tech history. Simultaneously, Clio closed a $500 million Series G funding round led by NEA, valuing the company at $5 billion, with additional backing from major investors and a $350 million debt facility led by Blackstone and Blue Owl Capital. The acquisition and funding solidify Clio’s position as a global leader in legal AI, poised to drive the next era of innovation for legal professionals worldwide.
8. DX - Strategic Acquisition
- Transaction Date: 11/10/2025
- Industry: Software
- Type: Merger & Acquisition
- Transaction Value: $1B
- Participants: Atlassian Corporation Plc, DX
Atlassian has completed its $1 billion acquisition of DX, a leading engineering intelligence platform, to enhance its AI-driven developer productivity offerings. By integrating DX into its System of Work, Atlassian aims to give enterprise engineering leaders real-time insights into AI adoption, developer experience, and productivity. The acquisition strengthens Atlassian’s position in helping teams measure and optimize the impact of AI investments across its tools like Jira, Bitbucket, and Compass.
9. Trexon - Carve-Out / Divestiture
- Transaction Date: 11/6/2025
- Industry: Electronic Equipment & Instruments & Components
- Type: Buyout/Private Equity
- Transaction Value: $1B
- Participants: Amphenol Corporation, Audax Private Equity, William Blair & Company, Guggenheim Securities Investment Banking, Kirkland & Ellis LLP, Fredrikson & Byron P.A.
Amphenol Corporation has completed its $1 billion cash acquisition of Trexon from Audax Private Equity, strengthening its portfolio in high-reliability cable assemblies. Trexon’s products will be integrated into Amphenol’s Harsh Environment Solutions segment and are expected to be accretive to earnings within the first year post-closing. The deal enhances Amphenol’s technology offerings for next-generation defense and industrial applications.
10. Douzone Bizon - Strategic Acquisition
- Transaction Date: 11/7/2025
- Industry: Software
- Type: Merger & Acquisition
- Transaction Value: $930M
- Participants: EQT Group, Shinhan Financial Group
EQT has signed a deal to acquire a 37.6% stake in South Korean enterprise software provider Douzone Bizon for approximately $930 million. The investment includes shares held by Chairman Young-woo Kim and affiliates of Shinhan Financial Group, and reflects EQT’s strategy to support long-term digital transformation in Korea’s SME sector. Completion is subject to regulatory approvals, including clearance from the Korea Fair Trade Commission.
Transactions in Dakota Marketplace
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.
