Enterprise

Lightyear: Enterprise Telecom Management Company Raises $31 Million (Series B)

By Amit Chowdhry ● Nov 20, 2024

Lightyear, a leading provider of enterprise telecom management software, announced the completion of a $31 million Series B funding round led by Altos Ventures, with participation from existing investors Ridge Ventures, Amplo, Zigg Capital, and Susa Ventures.

Amazon Investing Over $500 Million For Small Module Reactors

By Amit Chowdhry ● Oct 17, 2024

Amazon Web Services (AWS) is investing over $500 million in nuclear power technologies after revealing three projects from Virginia to Washington state. AWS has a significant need for clean energy as it expands services into generative AI (GenAI).

Fisent: Interview With Founder & CEO Adrian Murray About The Applied GenAI Process Automation Solutions Company

By Amit Chowdhry ● Oct 15, 2024

Fisent Technologies is a company that is transforming how business is performed by enabling the utilization of GenAI models for the automation of common business processes. Pulse 2.0 interviewed Fisent Technologies founder and CEO Adrian Murray to learn more about the company.

Zenlytic: Business Intelligence Platform Company Raises $9 Million (Series A)

By Amit Chowdhry ● Oct 1, 2024

Self-serve business intelligence (BI) platform Zenlytic announced the successful closing of a $9 million Series A funding round. M13 led this funding round with participation from new and existing investors, including Bain Capital Ventures, Primary Ventures, Company Ventures, Correlation Ventures, 14 Peaks, and several strategic angel investors.

Smartsheet To Be Acquired By Blackstone And Vista Equity For $8.4 Billion

By Amit Chowdhry ● Sep 24, 2024

Smartsheet - an enterprise platform for modern work management - announced that it has entered into a definitive agreement to be acquired by funds managed by Blackstone and Vista Equity Partners in an all-cash transaction valued at about $8.4 billion.

Switch: Enterprise Data Center Provider Raises $5 Billion In Debt Financing

By Amit Chowdhry ● Sep 12, 2024

Switch, a provider of AI, cloud and enterprise data centers, announced that it has closed on its $4.25 billion sustainability-linked Borrowing Base Facility (BBF) and upsized its Revolving Credit Facility (RCF) to $770 million.

AMD Buying Compute Infrastructure Company ZT Systems In $4.9 Billion Deal

By Amit Chowdhry ● Aug 19, 2024

Today, AMD announced the signing of a definitive agreement to acquire ZT Systems, a leading provider of AI infrastructure for the world’s largest hyperscale computing companies. This strategic transaction is a major step in AMD’s AI strategy to deliver leadership AI training and inferencing solutions based on innovation across silicon, software, and systems. AMD agreed to buy ZT Systems in a cash and stock transaction valued at $4.9 billion, including a contingent payment of up to $400 million based on certain post-closing milestones.

Persistent Systems: An Interview With SVP And GM Ganesh Nathella About This Digital Engineering Company

By Amit Chowdhry ● Jul 18, 2024

Persistent Systems is a digital engineering and enterprise modernization company that utilizes deep technical expertise to help clients stay ahead. Pulse 2.0 interviewed Ganesh Nathella, the Senior VP and GM - Healthcare and Life Sciences Business at Persistent Systems.

ProperXPM Deploying Up To $100 Million For Rolling Up Multifamily Property Management Companies

By Amit Chowdhry ● Jun 30, 2024

ProperXPM, a leader in tech-enabled experiential property management, announced a significant expansion backed by funding of up to $100 million. This strategic roll-up of multifamily property management companies aims to transform the property management landscape across the US.

S&P Global: Martina Cheung Named As President And CEO

By Amit Chowdhry ● Jun 27, 2024

S&P Global announced today that its Board of Directors has unanimously elected Martina Cheung, S&P Global's current President of S&P Global Ratings, to succeed Douglas Peterson as the company's President and Chief Executive Officer, effective November 1, 2024. Cheung has also been appointed a member of the Board, effective July 1, 2024. Peterson will remain on the Board until May 2025 and be a special advisor to the company until December 31, 2025. 

Nokia Buying Infinera In $2.3 Billion Deal

By Amit Chowdhry ● Jun 27, 2024

Nokia and Infinera, a global supplier of innovative open optical networking solutions and advanced optical semiconductors, today announced a definitive agreement under which Nokia will buy Infinera in a deal valuing the company at $6.65 per share or an enterprise value of $2.3 billion.

Chime Buys Enterprise Employee Rewards Company Salt Labs

By Amit Chowdhry ● Jun 27, 2024

Banking app company Chime announced that it acquired Salt Labs, an enterprise technology company focused on helping hourly workers on the long-term value of their work. The terms of the deal were undisclosed.

Amazon To Invest €10 Billion In Germany For Cloud, Logistics, And R&D

By Amit Chowdhry ● Jun 19, 2024

Amazon announced it has planned investments of €10 billion in Germany to drive innovation and support the expansion of its logistics network and cloud infrastructure across the country. And Amazon is also creating 4,000 new jobs this year, at three new fulfilment centers: one in Horn-Bad Meinberg (North Rhine-Westphalia), opening in late summer 2024, one in Erfurt (Thuringia), opened in May 2024, and one in Großenkneten, opened in August 2023.

Finout: FinOps-For-Enterprise Company Raises $26 Million

By Amit Chowdhry ● Jun 3, 2024

Finout, a FinOps-for-enterprise company, announced a $26.3 million Series B funding round led by Red Dot Capital with the participation of Maor Investments and existing investors Team8, Pitango, and Jibe Ventures.

Palantir Wins $480 Million Army Contract For Maven AI Technology

By Amit Chowdhry ● Jun 1, 2024

Palantir Technologies announced that the Department of Defense Chief Digital and Artificial Intelligence Office (CDAO) awarded its subsidiary (Palantir USG) a production contract to make licenses of their AI-enabled operating system available across the Department of Defense (DoD). Starting with an initial order of $153 million for supporting certain Combatant Commands and the Joint Staff, more awards could be made up to $480 million over a 5-year period.

SugarCRM Buys Sales Automation Platform Company sales-i

By Amit Chowdhry ● May 27, 2024

SugarCRM, a provider of the intelligence-driven sales automation platform, announced it has acquired sales-i, a leading provider of a revenue intelligence solution that helps businesses maximize their revenue and profitability. The terms of the deal were undisclosed.

Blackstone Buying Majority Stake In Priority Software

By Amit Chowdhry ● May 21, 2024

Blackstone announced that Blackstone Growth and affiliated funds have entered into a definitive agreement to buy a majority stake in Priority Software, a leading provider of mission-critical business software. And Blackstone’s investment will help build on the company’s position in the ERP software market and support its further growth across industries and markets.

Bristol Myers Squibb Signs $380 Million Deal With Cellares

By Amit Chowdhry ● Apr 23, 2024

Bristol Myers Squibb and Cellares, which is the first Integrated Development and Manufacturing Organization (IDMO) dedicated to clinical and industrial-scale cell therapy manufacturing, announced a worldwide capacity reservation and supply agreement for the manufacture of CAR T cell therapies valued at up to $380 million in upfront and milestone payments.

Chase Launches New Digital Media Business

By Amit Chowdhry ● Apr 4, 2024

Chase announced it has launched a digital media business called Chase Media Solutions. This service will allow brands to connect with the financial institution’s 80 million customers.

UBS Selling $8 Billion Of Credit Suite Assets To Apollo

By Amit Chowdhry ● Mar 29, 2024

UBS and Apollo announced that they have entered into an agreement under which ATLAS SP has concluded its Transition Services Agreement with UBS, and UBS will close out its Investment Management Agreement with Atlas. As part of this deal, Apollo will purchase $8 billion of senior secured financing facilities from UBS.

ValidaTek: $43 Million DISA Contract For Softswitch Backbone Modernization Secured

By Amit Chowdhry ● Mar 28, 2024

Microsoft AI: A New Organization Being Headed By Inflection AI’s Co-Founders

By Amit Chowdhry ● Mar 20, 2024

Microsoft CEO Satya Nadella announced the company has hired some of the team members behind Inflection AI—including co-founders Mustafa Suleyman and Karén Simonyan—to form a new organization called Microsoft AI. Suleyman is also known as a co-founder of DeepMind, a company that Google acquired in 2014 to ramp up the search giant’s AI team.

OVHcloud: Global Cloud Provider Investing C$145 Million And Opening Data Center In Toronto Area

By Amit Chowdhry ● Mar 13, 2024

Leading global cloud provider OVHcloud US announced its parent company is expanding further internationally with the opening of a second Canadian site - which is the group's 42nd data center. This supported a long-term investment of C$145 million.

Exotec: Warehouse Robotics Provider Sells Over $1 Billion In Systems

By Amit Chowdhry ● Mar 12, 2024

Global warehouse robotics provider Exotec announced that it has sold over $1 billion in systems worldwide, making it one of the fastest materials handling companies to reach this milestone.

3M Names Bill Brown As New CEO

By Amit Chowdhry ● Mar 12, 2024

3M announced that William M. "Bill" Brown is appointed chief executive officer, effective May 1, 2024. Brown succeeds Michael Roman, who is being appointed to the role of Executive Chairman of the 3M Board of Directors, also effective May 1, 2024.

Google Cloud Launches Gen AI Advancements For Healthcare And Life Science Companies

By Amit Chowdhry ● Mar 12, 2024

At the HIMSS24 event, Google Cloud announced several new solutions to help healthcare and life sciences organizations enable interoperability, build better data foundations for businesses, and deploy generative AI (gen AI) tools for improving patient outcomes.

Primergy Solar Signs $588 Million Project Financing And Power Purchase Agreement With Microsoft

By Amit Chowdhry ● Mar 11, 2024

Primergy Solar - a leading developer, owner, and operator of utility-scale solar and storage projects - announced today it closed commitments for $588 million in debt financing for a 408 MWac Ash Creek Solar project in Hill County, Texas. And Primergy also signed a long-term power purchase agreement with Microsoft for the full capacity of the plant.

Altro Announces Expansion To 47 US States

By Amit Chowdhry ● Mar 9, 2024

Altro - a credit-building app transforming finance by enabling members to build credit history from their recurring monthly expenses - announced the expansion to 47 US states. Issued by Hatch Bank and running on Discover’s Global Network, Altro is also launching the Altro Credit Builder Card.

Deloitte Unveils InvestAcceleration, An Accelerator For Investment Management From Workday

By Amit Chowdhry ● Mar 8, 2024

Deloitte announced the launch of InvestAcceleration, a new suite of solutions designed for the investment management industry. It is an industry-specific approach to implementing Workday Financial Management.

Argentem Creek Partners And Emerge9 Reveal Joint Venture

By Amit Chowdhry ● Mar 6, 2024

Argentem Creek Partners (ACP), an emerging markets specialist investment firm, has partnered with Emerge9, a Miami, FL-based alternative asset platform, to launch a strategic joint venture focused on connecting non-institutional investors to General Partner (GP)- led private equity (PE) investments. The joint venture will combine Emerge9's origination and custom fund solutions with ACP's global relationships and presence across the Middle East, Latin America, and Asia.