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 September alone, Dakota Marketplace added more than 2,000 new private company transactions, bringing the total to over 5,000 searchable deals across sectors, industries, and transaction types.
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. Anthropic - Series F
- Transaction Date: 9/2/2025
- Industry: Software
- Type: Growth Equity
- Transaction Value: $13B
- Participants: D1 Capital Partners, ICONIQ Capital, Fidelity Management & Research Company, Lightspeed Venture Partners, Altimeter Capital Management, Baillie Gifford, BlackRock, Blackstone, Coatue Management, General Atlantic, General Catalyst, GIC, Goldman Sachs Alternatives, Insight Partners, Jane Street, Ontario Teachers' Pension Plan (OTPP), Qatar Investment Authority, TPG, T. Rowe Price, WCM Investment Management
Anthropic has closed a $13 billion Series F round led by ICONIQ, valuing the company at $183 billion post-money, as demand for its Claude AI platform surges across enterprises, developers, and power users. With rapid revenue growth, from $1 billion to $5 billion in just eight months, this funding will support global expansion, deepen safety research, and scale deployment of its trusted, high-performing AI systems.
2. Altera Corporation - Carve-Out / Divestiture
- Transaction Date: 9/12/2025
- Industry: Semiconductor & Semiconductor Equipment
- Type: Buyout/Private Equity
- Transaction Value: $8.75B
- Participants: Intel Corporation, Silver Lake, Morgan Stanley
Intel has announced it will sell a 51% stake in its Altera business to Silver Lake in a deal valuing Altera at $8.75 billion, positioning it as the largest pure-play FPGA company. This strategic move will grant Altera operational independence under new CEO Raghib Hussain while enabling Intel to refocus on its core business and maintain a 49% stake in Altera’s AI-driven growth.
3. Intel - Minority
- Transaction Date: 9/18/2025
- Industry: Semiconductor & Semiconductor Equipment
- Type: Growth Equity
- Transaction Value: $5B
- Participants: NVIDIA Corporation, Intel
NVIDIA and Intel have announced a strategic partnership to co-develop AI infrastructure and personal computing products, with NVIDIA committing a $5 billion investment in Intel’s common stock at $23.28 per share. The collaboration underscores deepening ties between the tech giants as they align on next-generation computing platforms amid the global AI boom.
4. Mistral AI - Series C
- Transaction Date: 9/9/2025
- Industry: Software
- Type: Venture
- Transaction Value: $2B
- Participants: DST Global, ASML Holding N.V., Andreessen Horowitz (A16Z), Bpifrance, General Catalyst Partners, Index Ventures, Lightspeed Venture Partners, Nvidia
Mistral AI has raised €1.7 billion in a Series C round led by ASML, bringing its valuation to €11.7 billion as it accelerates AI innovation for strategic industries. The funding strengthens Mistral's independence and deepens its partnership with ASML to tackle complex engineering challenges across the semiconductor and AI value chains.
5. Pros Holdings Inc - Take-Private / Public-to-Private
- Transaction Date: 9/22/2025
- Industry: Software
- Type: Buyout/Private Equity
- Transaction Value: $1.4B
- Participants: DLA Piper, Thoma Bravo, Kirkland & Ellis LLP, Qatalyst Partners, Pros Holdings Inc, Evercore Investment Bank
Thoma Bravo will acquire PROS Holdings in an all-cash deal valued at approximately $1.4 billion, with shareholders receiving $23.25 per share—a 42% premium to its prior close. Once private, PROS aims to accelerate AI innovation in pricing and selling solutions with the backing of Thoma Bravo’s capital and operational expertise.
6. Vimeo Inc - Take-Private / Public-to-Private
- Transaction Date: 9/10/2025
- Industry: IT Services
- Type: Buyout/Private Equity
- Transaction Value: $1.38B
- Participants: Vimeo Inc, Allen & Company LLC, Bending Spoons, Durable Capital, Baillie Gifford, Cox Enterprises, Inc., NUO, Tamburi Investment Partners, Neuberger Berman Group, Skadden, Arps, Slate, Meagher & Flom LLP, Latham & Watkins LLP, J.P. Morgan Securities LLC, Wells Fargo Advisors, BNP Paribas Asset Management
Vimeo has entered into a definitive agreement to be acquired by Bending Spoons in an all-cash deal valued at $1.38 billion, with shareholders receiving $7.85 per share—a 91% premium to its recent trading average. Once private, Vimeo will benefit from long-term investment and product expansion across creator and enterprise segments, as Bending Spoons deepens its commitment to innovation in video technology.
7. Cerebras Systems - Series G
- Transaction Date: 9/30/2025
- Industry: Semiconductor & Semiconductor Equipment
- Type: Growth Equity
- Transaction Value: $1.1B
- Participants: Fidelity Management & Research Company, Atreides Management, Tiger Global Management, Valor Equity Partners, 1789 Capital Management, Altimeter Capital Management, Alpha Wave Global, Benchmark Capital Partners
Cerebras Systems has raised $1.1 billion in an oversubscribed Series G round at an $8.1 billion valuation, led by Fidelity and Atreides, to expand its AI processor and supercomputing technologies. As the fastest AI inference provider on the market, Cerebras will use the funding to boost U.S. manufacturing and data center capacity amid surging demand from top-tier partners like AWS, Meta, and the U.S. government.
8. Sana - Strategic Acquisition
- Transaction Date: 9/16/2025
- Industry: Software
- Type: Merge & Acquisition
- Transaction Value: $1.1M
- Participants: Workday Inc, Allen & Company LLC, Orrick, Herrington & Sutcliffe LLP, DLA Piper, Sana
Workday has signed a definitive agreement to acquire AI company Sana for approximately $1.1 billion, aiming to create a new, intelligent front door for work by unifying knowledge, learning, and action. By integrating Sana’s AI-powered tools like Sana Learn and Sana Agents, Workday will deliver personalized, proactive employee experiences and accelerate its enterprise AI platform across its 75 million-user ecosystem.
9. Statsig - Add-On / Bolt-On Acquisition
- Transaction Date: 9/2/2025
- Industry: Software
- Type: Buyout/Private Equity
- Transaction Value: $1.1B
- Participants: Khosla Ventures, Madrona Venture Group, OpenAI, Sequoia Capital, ICONIQ Capital, Blackstone Inc, TPG, SoftBank, Dragoneer Investment Group, T. Rowe Price, Microsoft Corporation
OpenAI has agreed to acquire product testing startup Statsig in a $1.1 billion all-stock deal, marking one of its largest acquisitions as it expands its Applications division. The deal brings Statsig CEO Vijaye Raji on board as OpenAI’s new CTO of Applications, alongside broader leadership changes aimed at accelerating development of products like ChatGPT and Codex.
10. Oxford Ionics - Strategic Acquisition
- Transaction Date: 9/17/2025
- Industry: Software
- Type: Merger & Acquisition
- Transaction Value: $1.08B
- Participants: IonQ, Paul Weiss Rifkind Wharton & Garrison LLP, Hogan Lovells International, Llp, Morgan Stanley & Co. International Plc, Oxford Ionics
IonQ has completed its acquisition of UK-based quantum computing firm Oxford Ionics, bolstering its roadmap toward fault-tolerant quantum systems and accelerating global expansion. By integrating Oxford Ionics' advanced ion trap technology, IonQ aims to enhance the scalability and performance of its quantum computing and networking platforms across international markets.
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.
