Innovation

Barrick: Gold Production Beats Guidance As Free Cash Flow Surges 195% To $1.21 Billion

By Amit Chowdhry ● Aug 7, 2026

Barrick Mining Corporation reported stronger-than-planned gold production and sharply higher cash generation for the first quarter of 2026, with attributable free cash flow jumping 195% year-over-year to $1.21 billion.

OCBC: Wealth Management Income Reaches Record S$3.29 Billion And 41% Of Total Revenue

By Amit Chowdhry ● Aug 7, 2026

OCBC reported record earnings for the first half of 2026 as strong growth in wealth management, trading, fees and insurance more than offset pressure from lower interest rates. Group net profit increased 13% year-over-year to a record S$4.19 billion, while total income rose 11% to S$8 billion.

Yukon Partners Provides Mezzanine Financing For Second Nature Brands’ Acquisition Of Tillamook Country Smoker

By Amit Chowdhry ● Aug 6, 2026

Yukon Partners has made a mezzanine investment in CapVest-backed Second Nature Brands to support its acquisition of Tillamook Country Smoker. Financial terms of Yukon’s investment and the acquisition were not disclosed.

X-Caliber Rural Capital Provides $25 Million USDA Loan For Plantible Foods’ Texas Expansion

By Amit Chowdhry ● Aug 6, 2026

X-Caliber Rural Capital has closed a $25 million USDA OneRD Business & Industry Guaranteed Loan for Plantible Foods. The financing represents the maximum amount available through the program and will support the expansion of Plantible’s commercial production facility in Eldorado, Texas.

Eldridge Provides $278 Million Loan To Refinance Blackstone And Portman’s Ten Twenty Spring

By Amit Chowdhry ● Aug 6, 2026

Eldridge Capital Management has provided a $278 million loan to refinance Ten Twenty Spring, a Class A office building in Atlanta owned by Portman and funds affiliated with Blackstone Real Estate.

Lumilens Emerges From Stealth With Over $900 Million Raised At $5.51 Billion Valuation

By Amit Chowdhry ● Aug 6, 2026

Lumilens has emerged from stealth with more than $900 million in total funding as it develops optical connectivity systems for large-scale AI data centers. The company announced more than $700 million in new financing co-led by Atreides Management, Bain Capital Ventures, Meritech, Seligman Ventures and Spark Capital. The round values Lumilens at $5.51 billion.

SambaNova Appoints Mohsen Moazami As Vice Chair Of Global Strategy And Partnerships

By Amit Chowdhry ● Aug 6, 2026

SambaNova has appointed Mohsen Moazami as Vice Chair of Global Strategy and Partnerships following the AI infrastructure company’s Series F financing at an $11 billion valuation.

Talcott Financial And Goldman Sachs Launch West Grove Re With About $1 Billion In Capital

By Amit Chowdhry ● Aug 6, 2026

Talcott Financial Group has established West Grove Re, a Bermuda-based reinsurance sidecar formed in partnership with Goldman Sachs.

Gryphon Investors Raises More Than $770 Million For Gryphon VI Co-Investment Fund

By Amit Chowdhry ● Aug 6, 2026

Gryphon Investors has completed the final closing of Gryphon VI Top-Up Co-Investment Partners with more than $770 million in total commitments. The oversubscribed fund exceeded its original $650 million target.

JJ Watt Invests In Base Power Through $1 Billion Series D And Becomes A Customer

By Amit Chowdhry ● Aug 6, 2026

Former professional football player JJ Watt has invested in Base Power as part of the Texas energy company’s $1 billion Series D financing. Watt has also become a Base customer and said switching his Houston home to the company’s service reduced his power bill by more than 20%.

Sammons Financial Names Rob TeKolste CEO And Chairman As Esfand Dinshaw Retires

By Amit Chowdhry ● Aug 6, 2026

Sammons Financial Group has named President Rob TeKolste as its next Chief Executive Officer and Chairman of the Board. TeKolste will assume both roles on January 1, 2027. Current Chairman and CEO Esfand Dinshaw will retire at the end of 2026 following a 27-year career with Sammons, including 16 years as CEO.

Solar Landscape Secures Up To $150 Million From Copenhagen Infrastructure Partners For 250 MW Solar Portfolio

By Amit Chowdhry ● Aug 6, 2026

Solar Landscape has secured a development financing facility of up to $150 million from Copenhagen Infrastructure Partners through its Green Credit Fund II.

Charles River Associates Expands Credit Facility To $400 Million

By Amit Chowdhry ● Aug 6, 2026

Charles River Associates has increased and extended its credit facility through a six-bank lending syndicate. The five-year facility provides up to $400 million of financing, consisting of a $75 million term loan and a $325 million revolving credit facility.

ReCode Therapeutics Secures Cystic Fibrosis Foundation Funding And Names Heather Clark CEO

By Amit Chowdhry ● Aug 6, 2026

ReCode Therapeutics has secured new funding from the Cystic Fibrosis Foundation and entered a research collaboration with an undisclosed gene editing company to develop potential genetic medicines for cystic fibrosis.

Sandisk: Datacenter Revenue More Than Doubles Sequentially To $2.98 Billion As Consumer Sales Fall 32%

By Amit Chowdhry ● Aug 6, 2026

Sandisk reported sharply diverging performance across its end markets during the fiscal fourth quarter of 2026 as datacenter revenue more than doubled sequentially while consumer sales declined.

The Trade Desk: Partnerships Expand Across Netflix, Databricks And Adobe As Revenue Grows 3%

By Amit Chowdhry ● Aug 6, 2026

The Trade Desk continued expanding its advertising, data, commerce, connected-TV, and artificial-intelligence partnerships during the second quarter of 2026, even as revenue growth slowed to 3% and profitability declined.

Ford Announces Fathom, A New Midsize Electric Truck Starting At $28,350 With Preorders Opening In Early 2027

By Amit Chowdhry ● Aug 6, 2026

Ford has named its upcoming midsize electric truck the Ford Fathom, introducing the first vehicle built on the company’s Universal EV Platform. The standard-range version of the Fathom will carry a starting manufacturer’s suggested retail price of $28,350. Ford plans to begin accepting preorders in early 2027.

Qu Appoints Restaurant Technology Pioneer Paul Rubin As Chief Product And Technology Officer

By Amit Chowdhry ● Aug 6, 2026

Qu has appointed Paul Rubin as Chief Product and Technology Officer to lead the company’s product and engineering roadmap as artificial intelligence, cloud computing and edge technologies reshape restaurant operations.

PwC And Zyter Collaborate To Help Healthcare Organizations Reduce Total Cost Of Care With AI

By Amit Chowdhry ● Aug 6, 2026

PwC and Zyter have formed a collaboration to help healthcare payers and providers improve health outcomes, reduce avoidable medical expenses and modernize the delivery of clinical and administrative services.

Nuwellis Appoints Dale Brady As Principal R&D Engineer To Advance Medical Device Development

By Amit Chowdhry ● Aug 6, 2026

Nuwellis has appointed Dale Brady as Principal R&D Engineer, strengthening the medical technology company’s research and development organization as it advances existing and new product programs.

Framewerx Acquires AD Micro Technology To Expand AI-Powered Managed IT Services

By Amit Chowdhry ● Aug 6, 2026

Framewerx has acquired AD Micro Technology, expanding its managed IT services capabilities, geographic reach and client support operations. The transaction combines Framewerx’s IT consulting, managed services and AI-powered support capabilities with AD Micro Technology’s experience in networking, cybersecurity, backup, cloud infrastructure and printer management. Financial terms of the acquisition were not disclosed.

Zayo Teams With NVIDIA To Build 8,000 Miles Of Fiber For AI Infrastructure

By Amit Chowdhry ● Aug 6, 2026

Zayo is working with NVIDIA to expand the high-capacity network infrastructure needed to connect AI factories, GPU clusters, neoclouds and enterprise artificial intelligence deployments across North America.

Unframe Appoints Three Senior Executives After Reaching $100 Million In Contract Value And 400% Net Revenue Retention

By Amit Chowdhry ● Aug 6, 2026

Unframe has expanded its executive team with three senior appointments as the enterprise AI company prepares for its next phase of growth. The company appointed Jonathan Pogact as Vice President of Marketing, Lior Hakimi as Vice President of Finance and Chris Slovak as Global Field Chief Technology Officer.

Broad Sky Partners Completes Sale Of Smith + Howard To TPG Following Nearly 4x Revenue Growth

By Amit Chowdhry ● Aug 6, 2026

Broad Sky Partners has completed the sale of Smith + Howard to TPG, concluding a three-and-a-half-year partnership that expanded the accounting and advisory firm into a national professional services platform.

LuminArx Capital Management And Bridge Launch $500 Million Financing Program For Retail Suppliers

By Amit Chowdhry ● Aug 6, 2026

LuminArx Capital Management and Bridge have formed a partnership to provide up to $500 million in financing to consumer packaged goods brands and suppliers fulfilling orders for major U.S. retailers.

Celestica Announces $3 Billion Equity Offering To Accelerate AI Infrastructure Growth

By Amit Chowdhry ● Aug 6, 2026

Celestica has announced a proposed $3 billion common stock offering to finance investments supporting increased customer demand across its global AI and data center infrastructure business.

Energy Capital Partners Raises $8.1 Billion For ECP VI

By Amit Chowdhry ● Aug 6, 2026

Energy Capital Partners has completed an $8.1 billion fundraising for ECP VI, the investment firm’s sixth flagship equity strategy focused on energy transition infrastructure. The fund reached its hard cap, which was increased during the fundraising process to accommodate investor demand. ECP VI significantly exceeded its original $5 billion target.

SoftBank Invests $2 Billion In Intel To Support U.S. Semiconductor Manufacturing And AI Infrastructure

By Amit Chowdhry ● Aug 6, 2026

SoftBank Group entered into a definitive agreement to invest $2 billion in Intel common stock as the companies expanded their commitments to U.S. semiconductor innovation and advanced technology.

NavVis Raises $85 Million Series D To Build Spatial Data Foundation For Physical AI

By Amit Chowdhry ● Aug 6, 2026

NavVis has raised $85 million in Series D funding to expand its spatial data platform and accelerate the development of AI products for industrial facilities, construction sites and other physical environments. The round was led by U.S. private equity firm The Jordan Company, with participation from existing investors Yttrium and its consortium of industrial family offices, KOZO KEIKAKU ENGINEERING and Cipio Partners.

Omilia Raises $67 Million Series B To Expand Agentic Customer Experience Platform

By Amit Chowdhry ● Aug 6, 2026

Omilia has raised $67 million in Series B funding to accelerate the international expansion of its self-learning agentic customer experience platform. The round was led by Expedition Growth Capital, a transatlantic investment firm specializing in software and artificial intelligence companies.