Pulse 2.0

Nvidia Reportedly Acquiring Hugging Face For $12.9 Billion

Vanguard To Acquire Altruist For A Reported $4 Billion

Equal Parts: Interview With CEO And Co-Founder Mike Witte About Modernizing Independent Insurance With Technology

BitGo Acquires NYDIG Institutional Trading Business, Adding Derivatives And Financing Capabilities

Permanent Capital Ventures Launches $200 Million Fund II As Firm Tops $350 Million Raised Since 2024

Boliden To Acquire 64.68% Of Nexa Resources In $1.31 Billion Deal Valuing Company At $3.67 Billion

By Amit Chowdhry ● Today at 5:14 PM

Boliden has entered into a definitive agreement to acquire Votorantim's 64.68% controlling stake in Nexa Resources, expanding the Swedish mining company's zinc and silver operations into Brazil and Peru.

Cyclic Materials Raises $75 Million Led By T. Rowe Price As Total Equity Funding Reaches $237 Million

By Amit Chowdhry ● Today at 5:13 PM

Cyclic Materials has raised $75 million in strategic growth financing to accelerate U.S. rare earth recycling and production infrastructure. Accounts advised by T. Rowe Price Associates led the round, which brings Cyclic Materials' total equity funding to $237 million.

Ventures Platform Closes $84 Million Pan-African Fund II Above $75 Million Target

By Amit Chowdhry ● Today at 5:12 PM

Ventures Platform has closed its second institutional venture fund with $84 million, exceeding its original $75 million target despite a more challenging global fundraising environment for African venture capital.

Adaptyv Raises $40 Million Series A As Automated Biology Lab Throughput Grows More Than 5x

By Amit Chowdhry ● Today at 5:11 PM

Adaptyv has raised $40 million in Series A funding to expand its automated laboratory infrastructure for agentic biology. Highland Europe led the round, with existing investors ACE Ventures, byFounders and Y Combinator increasing their investments.

PayRewards Raises $28 Million Series E To Enter U.S. As Parent Processes $7 Billion+ Annually

By Amit Chowdhry ● Today at 5:10 PM

PayRewards has raised $28 million in Series E funding and launched in the U.S., bringing total capital raised across the business to approximately $70 million.

Levanta Raises $22 Million Series B As Revenue Grows 80% And Creator Network Tops 90,000

By Amit Chowdhry ● Today at 5:09 PM

Levanta has raised $22 million in Series B funding as the creator commerce platform expands beyond Amazon into a broader network spanning Walmart, Shopify and additional retail marketplaces.

Continuim Equity Partners Acquires Majority Stake In Resodyn

By Amit Chowdhry ● Today at 5:08 PM

Continuim Equity Partners has acquired a majority interest in Resodyn Corporation and the assets of Resodyn Acoustic Mixers while also providing additional growth capital to support the expansion of the industrial mixing technology company. The transaction represents the fifth platform investment from Continuim Equity Partners Fund II and the firm's 11th platform acquisition overall.

Apollo Funds Invest In Atlantic Aviation At Nearly $10 Billion Valuation As KKR Retains Significant Stake

By Amit Chowdhry ● Today at 5:06 PM

Apollo-managed funds have acquired a significant interest in Atlantic Aviation through a strategic partnership with KKR that values the private aviation infrastructure platform at nearly $10 billion. KKR-managed funds will remain a substantial shareholder.

GenNx360 Capital Partners Closes Record $865 Million Fund IV As Realizations Top $2 Billion In 2.5 Years

By Amit Chowdhry ● Today at 5:06 PM

GenNx360 Capital Partners has closed its fourth flagship fund with $865 million in commitments, exceeding its target and marking the largest fundraise in the private equity firm's history.

Grainger Acquires Adroit Worldwide Media Technology Assets For $210 Million

By Amit Chowdhry ● Today at 5:04 PM

W.W. Grainger has acquired technology, intellectual property and talent assets from Adroit Worldwide Media for $210 million in cash, expanding the industrial distributor's inventory management capabilities within its High-Touch Solutions North America segment.

Arcline Completes AstroNova Acquisition For $29 Per Share In All-Cash Deal

By Amit Chowdhry ● Today at 5:02 PM

Arcline Investment Management has completed its acquisition of AstroNova, taking the aerospace and product identification technology company private in a transaction that expands Arcline's portfolio of specialized industrial technology businesses. Under the terms of the transaction, Arcline affiliates acquired all outstanding shares of AstroNova for $29 per share in cash.

Osaic Names Sayee Bellamkonda Chief AI And Technology Officer To Lead Digital, Data And Cybersecurity Strategy

By Amit Chowdhry ● Today at 4:59 PM

Osaic has appointed Sayee Bellamkonda as Chief AI & Technology Officer, bringing in a veteran technology executive to lead the wealth management firm's advisor- and client-facing technology, artificial intelligence and cybersecurity strategies. Bellamkonda will join Osaic's executive committee and report directly to CEO Jamie Price.

Volato To Merge With Alignment Engine In $500 Million AI Infrastructure Deal With Path To 480 MW

By Amit Chowdhry ● Today at 4:59 PM

Volato Group has entered into a definitive agreement to merge with Alignment Engine in a transaction valuing the AI infrastructure company at approximately $500 million, positioning the publicly traded company for a significant shift toward high-performance computing, artificial intelligence infrastructure and data center development.

Trace3 To Acquire Calian’s U.S. Commercial IT Business To Expand Managed Services Platform

By Amit Chowdhry ● Today at 4:57 PM

Trace3 has agreed to acquire Calian Group's U.S. Commercial IT operations through a carve-out transaction, expanding its managed services, infrastructure, and technology delivery capabilities across the U.S. The acquisition is expected to close next month, subject to customary closing requirements.

Faro AI Raises $37.3 Million Series B As Platform Reaches 6 Of World’s 10 Largest Pharma Companies

By Amit Chowdhry ● Today at 4:56 PM

Faro AI has raised $37.3 million in Series B funding to expand its agentic AI platform for clinical development, as pharmaceutical companies increasingly turn to artificial intelligence to improve clinical trial design and execution. Merck Global Health Innovation Fund and S32 co-led the financing. Existing investors General Catalyst, Northpond Ventures, Polaris Partners, PTX Capital and Zetta also participated, alongside new investor Ankona Capital.

Instinct Raises $250 Million At $2.5 Billion Valuation As AI Assistant Goes Viral In Silicon Valley

By Amit Chowdhry ● Today at 4:53 PM

Instinct, an AI assistant developed by Spear Street Technology, is raising $250 million in Series B funding at a $2.5 billion valuation as the product gains traction among Silicon Valley technologists, according to a Wall Street Journal report. The round is being co-led by Index Ventures and Benchmark.

Voya Energy Raises $35 Million Series A As Metal Fuel System Targets 100 MW And 10 GWh Per Acre

By Amit Chowdhry ● Today at 4:49 PM

Voya Energy has raised $35 million in Series A funding and unveiled an aluminum-based metal fuel system designed to provide large-scale electricity without combustion or dependence on the utility grid.

Nuveen: CPACE Lending Fund IV Tops $1 Billion First Close As Series Commitments Reach $3 Billion

By Amit Chowdhry ● Today at 4:46 PM

Nuveen and Nuveen Green Capital have completed a first close exceeding $1 billion for Nuveen CPACE Lending Fund IV, bringing total commitments across the four-vintage fund series to approximately $3 billion since the strategy launched in 2023.

NTT DATA To Acquire Netgain, Creating Sweden’s Largest Pure-Play ServiceNow Company

By Amit Chowdhry ● Today at 4:45 PM

NTT DATA has agreed to acquire Netgain AB and combine it with The Cloud People, creating what the company describes as Sweden's largest pure-play ServiceNow business. The acquisition is expected to close within weeks, subject to customary regulatory approvals and other closing conditions.

Arintra Raises $25 Million Series B As AI Revenue Platform Processes $5 Billion In Annual Claims

By Amit Chowdhry ● Today at 4:43 PM

Arintra has raised $25 million in Series B funding to expand its AI-powered healthcare revenue assurance platform, bringing the company's total funding since inception to $51 million.

Swvl Raises $13 Million PIPE Led By Sawiris-Backed Coefficient As U.S. Expansion Begins

By Amit Chowdhry ● Today at 4:42 PM

Swvl Holdings has entered into a definitive agreement for a $13 million private placement led by Coefficient, an investment firm backed by the Sawiris family, providing the mobility technology company with additional capital to accelerate its U.S. expansion, introduce new financial products and strengthen its balance sheet.

H.I.G. Capital Invests In HBK As Accounting And Wealth Firm Gains First Institutional Partner

By Amit Chowdhry ● Today at 4:40 PM

H.I.G. Capital has made a strategic growth investment in HBK, becoming the accounting, tax, technology and wealth management firm's first institutional investor. The deal is expected to close during the fourth quarter of 2026, subject to customary closing conditions.

Perma-Pipe Secures Up To $139 Million Global Credit Facility From J.P. Morgan

By Amit Chowdhry ● Today at 4:39 PM

Perma-Pipe International Holdings has closed a new global credit facility with J.P. Morgan providing up to $139 million of total financing capacity, giving the engineered piping and infrastructure company additional flexibility to support working capital, international expansion, and strategic investments.

Mountain Ridge Capital Provides $15 Million Senior Secured Facility For 70+ Store Apparel Retail Acquisition

By Amit Chowdhry ● Today at 4:38 PM

Mountain Ridge Capital has closed a $15 million senior secured credit facility supporting the acquisition of an apparel retailer with more than 70 stores.

Perion Acquires PRN For Up To $12 Million, Adding In-Store Media Across Thousands Of Retail Locations

By Amit Chowdhry ● Today at 4:37 PM

Perion has acquired in-store retail media company PRN for up to $12 million in cash, expanding its digital out-of-home and retail media capabilities across major North American retailers.

PGIM Adds Lucas Radal From Mubadala To Lead Middle East Secondaries As Credit Strategy Targets $1 Billion

By Amit Chowdhry ● Today at 4:36 PM

PGIM has appointed Lucas Radal as Head of Middle East Secondary Investments for Montana Capital Partners, expanding the firm's private markets secondaries platform into the region and strengthening its ability to source transactions and build relationships with Middle Eastern investors.

REGENT Raises $240 Million Series B To Scale Seaglider Production

By Amit Chowdhry ● Today at 4:33 PM

REGENT Craft has raised $240 million in Series B financing to move its Seaglider platform into full-scale manufacturing.

LPL Financial Adds Jonathan Lewis From Wells Fargo As Chief Technology And Information Officer

By Amit Chowdhry ● Today at 4:31 PM

LPL Financial has appointed Jonathan Lewis as Managing Director and Chief Technology and Information Officer as the approximately $2.6 trillion wealth management platform continues expanding its investments in artificial intelligence, digital infrastructure and advisor technology.

Gallagher Adds Michael Robinson From Aegon As Head Of UK Defined Contribution Investment

By Amit Chowdhry ● Today at 4:30 PM

Gallagher has appointed Michael Robinson as Head of Defined Contribution Investment for its Benefit & HR Consulting division in the U.K., strengthening the firm's investment capabilities as pension schemes face increasing pressure around scale, value, diversification and retirement outcomes.

Blank Rome Adds Tarek Abdalla From Jones Day To Co-Lead Construction And Infrastructure Practice

By Amit Chowdhry ● Today at 4:29 PM

Blank Rome has added Tarek F. Abdalla as a partner and appointed him Co-Chair of its Construction & Infrastructure practice alongside Patrick D. Harder, strengthening the firm's capabilities across major construction, energy and infrastructure projects.