Private Equity 24-Hour Briefing
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Last updated: May 16, 2026, 11:30 PM ET
Private Equity in Tech
Nectar Social techcrunch.com secured a $30 million Series A led by Menlo Ventures and its Anthology Fund, reflecting renewed investor appetite for AI‑driven marketing platforms after early‑stage burn concerns. Meanwhile, Cerebras Systems techcrunch.com survived a near‑bankruptcy phase that saw monthly losses of $8 million, positioning the company for its 2026 IPO that will likely value it at billions, underscoring the sector’s resilience when high‑capex AI ventures prove viable.