Innovation

Longevity Partners: Strategic Investment Secured From Leon Capital And Nuveen Private Equity Impact

By Amit Chowdhry ● Nov 10, 2024

Longevity Partners - a leading global climate and sustainability consultancy for the real estate and infrastructure sectors - announced it has received a strategic investment from Nuveen’s Private Equity Impact team (part of the $1.2 trillion global asset manager) and Leon Capital (a London-based European private equity investment firm).

Symbiotic Security Raises $3 Million (Seed) To Offer Real-Time Feedback On Vulnerabilities

By Amit Chowdhry ● Nov 10, 2024

Symbiotic Security announced it has raised $3 million in seed funding from investors, including Lerer Hippeau, Axeleo Capital, Factorial Capital, and others. And the company has introduced its software-as-a-service that works with the developer’s Integrated Development Environment (IDE) and enables them to develop software more securely.

Cencora To Buy Retina Consultants Of America In $5.1 Billion Deal

By Amit Chowdhry ● Nov 10, 2024

Cencora announced it has entered into a definitive agreement to acquire Retina Consultants of America (RCA), a leading management services organization (MSO) of retina specialists, from Webster Equity Partners.

Physical Intelligence Raises $400 Million At $2.4 Billion Valuation To Develop AI For Robotics

By Amit Chowdhry ● Nov 10, 2024

Physical Intelligence—a company bringing general-purpose AI into the physical world—revealed that it has raised $400 million at a $2.4 billion post-money valuation. The company is comprised of engineers, scientists, roboticists, and company builders developing foundation models and learning algorithms for powering the robots of today and the physically actuated devices of the future.

Teledyne Signs $710 Million Deal To Buy Certain Businesses From Excelitas

By Amit Chowdhry ● Nov 10, 2024

Teledyne Technologies announced that it has agreed to buy select aerospace and defense electronics businesses from Excelitas Technologies for $710 million in cash. The deal includes the Optical Systems (OS) business known under the Qioptiq brand based in Northern Wales, UK, and the US-based Advanced Electronic Systems (AES) business.

Silverchair To Buy Journal Workflow Management Company ScholarOne

By Amit Chowdhry ● Nov 10, 2024

Silverchair - a portfolio company of Thompson Street Capital Partners (TSCP) - announced that it has entered into a definitive agreement with Clarivate Plc to buy ScholarOne, a leading provider of software and services to scholarly publishers and societies. The terms of the transaction were undisclosed.

Why Accenture Is Buying Allitix

By Amit Chowdhry ● Nov 10, 2024

Accenture announced it acquired Allitix, a consulting and technology company specializing in Anaplan solutions with capabilities across financial planning and analysis, sales performance management, and supply chain.

Emidat: €4 Million Raised From General Catalyst To Help Reduce Emissions

By Amit Chowdhry ● Nov 10, 2024

Emidat, a leading provider of environmental data solutions for the construction industry, announced a €4 million seed funding round led by General Catalyst. This funding round will enable Emidat to support the construction industry in reducing the world's environmental footprint, starting with a revolution in labeling every building material.

FREYR Battery Signs $340 Million Deal With Trina Solar

By Amit Chowdhry ● Nov 10, 2024

Trina Solar announced that it has entered into a transaction agreement with FREYR Battery. The deal includes a 5GW module manufacturing plant in Wilmer, Texas, and is expected to be completed by the end of the year.

Molson Coors Beverage Company Acquires Majority Stake In ZOA Energy

By Amit Chowdhry ● Nov 10, 2024

Molson Coors Beverage Company announced it is taking a majority ownership stake in ZOA, the better-for-you energy brand co-founded by Dwayne “The Rock” Johnson, Dany Garcia, Dave Rienzi, and John Shulman. Buying a majority stake enables Molson Coors to lead the entirety of ZOA’s marketing, retail, and direct-to-consumer sales and development. The company believes this positions ZOA for a step change in growth.

Ursa Space Systems: $10 Million Venture Loan Facility Closed With Horizon Technology

By Amit Chowdhry ● Nov 9, 2024

Horizon Technology Finance Corporation (an affiliate of Monroe Capital and a leading specialty finance company that offers capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries) announced it has provided a $10 million venture loan facility to Ursa Space Systems.

PuppyGraph: Query Engine Company Raises $5 Million (Seed)

By Amit Chowdhry ● Nov 9, 2024

Algorized: Advanced People-Sensing Platform Company Secures $4.3 Million (Seed)

By Amit Chowdhry ● Nov 9, 2024

Algorized, an AI-based platform pioneering advanced people-sensing and positioning software, announced it has raised $4.3 million in seed funding to drive innovation in people sensing and support safer and seamless human-machine interaction. This funding round was led by Amazon Industrial Innovation Fund, with participation from Acrobator Ventures, Berkeley SkyDeck Fund, CoreNest Capital, Shucker Ventures and other strategic investors.