Enterprise

Martin Schroeter Named As CEO Of IBM’s NewCo Spinoff

By Amit Chowdhry ● Jan 11, 2021

IBM recently announced it has named Martin Schroeter as the CEO of the company’s new infrastructure business unit. These are the details.

Why Cognizant (CTSH) Is Buying Servian

By Amit Chowdhry ● Jan 11, 2021

Cognizant (Nasdaq: CTSH) recently announced it has entered into an agreement to acquire Servian. These are the details.

One Way Ventures Closes Second Fund At $57.5 Million

By Amit Chowdhry ● Jan 8, 2021

One Way Ventures — a Boston-based venture capital firm that backs companies with at least one immigrant founder — announced it closed a second fund at $57.5 million.

AMP Robotics Closes $55 Million In Funding

By Dan Anderson ● Jan 8, 2021

AMP Robotics — a pioneer in artificial intelligence (AI) and robotics for the waste industry — announced it has raised $55 million in Series B funding.

CRED: $81 Million Funding And $806 Million Valuation

By Annie Baker ● Jan 8, 2021

CRED announced it has raised $81 million in funding at an $806 million valuation.

Divvy: $165 Million Series D Funding And $1.6 Billion Valuation

By Amit Chowdhry ● Jan 7, 2021

Divvy — a leader in spend management that modernizes finances for businesses by combining expense management software and smart corporate cards into a single platform — announced recently that it raised $165 million in Series D funding at a valuation of $1.6 billion

Lockheed Martin Awarded $1.28 Billion F-35 And $4.9 Billion Space Vehicle Contracts

By Amit Chowdhry ● Jan 7, 2021

Lockheed Martin Corporation (NYSE: LMT) announced this week that it has signed a couple of major contracts. These are the details.

FlashParking And Arrive Merging To Create A Touchless Digital Mobility Platform

By Dan Anderson ● Jan 6, 2021

FlashParking and Arrive Mobility are merging to create an end-to-end touchless digital mobility platform. These are the details.

Salesforce.com (CRM) Names Sarah Franklin As CMO

By Amit Chowdhry ● Jan 6, 2021

Salesforce.com, Inc. (NYSE: CRM) announced it is naming Sarah Franklin as the chief marketing officer of the company. These are the details.

Qualcomm President Cristiano Amon Succeeding Steve Mollenkopf As CEO

By Amit Chowdhry ● Jan 6, 2021

Qualcomm, Inc. (NASDAQ: QCOM) announced this week that its Board of Directors has unanimously selected Cristiano Amon to succeed Steve Mollenkopf as CEO, effective June 30, 2021. These are the details.

Why ATN International (ATNI) Is Buying Alaska Communications Systems (ALSK) For About $332 Million

By Noah Long ● Jan 4, 2021

Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) announced it entered into a definitive agreement pursuant to which it will be acquired by a newly formed entity owned by ATN International, Inc. (NASDAQ: ATNI). These are the details.

Teledyne (TDY) To Buy FLIR Systems (FLIR) For About $8 Billion

By Amit Chowdhry ● Jan 4, 2021

Teledyne Technologies Incorporated (NYSE: TDY) announced it is buying FLIR Systems, Inc. (NASDAQ: FLIR) for approximately $8 billion in a cash-and-stock deal. These are the details.

Graphcore: $222 Million In Series E Funding And $2.77 Billion Valuation

By Dan Anderson ● Jan 4, 2021

Graphcore - a maker of an Intelligence Processing Unit (a new type of microprocessor specifically designed to support artificial intelligence workloads) – announced that it has raised $222 million in a Series E funding.

Applied Materials (AMAT) Increases Bid For Kokusai Electric To $3.5 Billion

By Amit Chowdhry ● Jan 4, 2021

Applied Materials, Inc. (NASDAQ: AMAT) announced it is increasing its offer to buy Kokusai Electric from KKR & Co. These are the details.

Roku Reportedly In Talks To Buy Shows From Quibi: Report

By Amit Chowdhry ● Jan 4, 2021

Roku Inc (NASDAQ: ROKU) is reportedly in talks to buy the content library from Quibi. These are the details.

Madrona Venture Group Closes Over $500 Million For Two New Funds

By Dan Anderson ● Jan 3, 2021

Madrona Venture Group — a Seattle-based leading venture capital firm — announced it has closed over $500 million in new funds. These are the details.

Bitcoin Surges To New High At Over $33,000

By Amit Chowdhry ● Jan 2, 2021

Bitcoin has hit a new high at over $33,000 today. These are the details.

Why McCormick (MKC) Is Buying FONA International For $710 Million

By Annie Baker ● Jan 2, 2021

McCormick & Company Inc. (NYSE: MKC) recently announced that it is buying 100% of the shares of FONA International for $710 million in cash. These are the details.

Gogo Makes Changes To Its Board Leadership

By Dan Anderson ● Jan 2, 2021

Gogo Inc. (NASDAQ: GOGO) recently announced changes to its board leadership. These are the details.

Very Good Security Closes $60 Million In Series C Funding

By Noah Long ● Jan 2, 2021

Very Good Security — a modern standard for data security, compliance, and custodianship — announced that it raised $60 million in Series C funding led by Vertex Ventures US. These are the details.

Open Source Product Analytics Company PostHog Raises $12 Million

By Annie Baker ● Jan 2, 2021

Open source product analytics company PostHog announced it has raised $12 million in funding. These are the details.

Workplace Occupancy Data Company VergeSense Closes $12 Million In Series B

By Annie Baker ● Jan 1, 2021

VergeSense — a leading workplace occupancy data company — announced it has raised $12 million in Series B funding led by Tola Capital.

Amazon (AMZN) Buying Wondery In A Deal Reportedly Valued At $300 Million

By Amit Chowdhry ● Jan 1, 2021

Amazon.com, Inc. (NASDAQ: AMZN) announced it has confirmed Wondery. These are the details.

Qualia: $65 Million Series D, Over $1 Billion Valuation, Adeptive Software Acquisition

By Amit Chowdhry ● Dec 31, 2020

Leading digital real estate closing technology company Qualia recently announced several milestones. These are the details.

Blockchain Ecosystem Company Topl Raises $3 Million

By Dan Anderson ● Dec 31, 2020

Topl - a blockchain ecosystem built to prove a company’s ethical and sustainable practices - announced the closing of $3 million in seed funding led by Mercury Fund.

Zipari: Strategic Growth Investment And Valuation Of Over $500 Million

By Dan Anderson ● Dec 30, 2020

Zipari announced a strategic growth investment from Thoma Bravo. And now the company is valued at over $500 million.

Amazon (AMZN) Reports Record-Breaking Holiday Season

By Amit Chowdhry ● Dec 29, 2020

Amazon.com, Inc. (NASDAQ: AMZN) reported a record-breaking holiday season with the biggest-ever customer savings, small business growth, and community giving.

OneTrust: $300 Million Funding And $5.1 Billion Valuation

By Annie Baker ● Dec 29, 2020

OneTrust - one of the most widely used privacy, security, and data governance technology platform - announced a $300 million Series C funding round at a $5.1 billion valuation.

Why JPMorgan Chase (JPM) Is Buying The Global Loyalty Division From cxLoyalty

By Amit Chowdhry ● Dec 29, 2020

JPMorgan Chase & Co. (NYSE: JPM) recently announced that it entered into a definitive agreement to buy the Global Loyalty division from cxLoyalty Group. These are the details.

Why Cognizant (CTSH) Is Buying Inawisdom

By Amit Chowdhry ● Dec 28, 2020

Cognizant (Nasdaq: CTSH) recently announced it has acquired Inawisdom, which is a UK-based privately-held consultancy specializing in AI.