Innovation

Eli Lilly: Mounjaro And Zepbound Generate $14.87 Billion As Volume Growth Offsets 13% Price Decline

By Amit Chowdhry ● Aug 5, 2026

Eli Lilly generated approximately $14.87 billion in combined second-quarter revenue from Mounjaro and Zepbound as rapidly expanding patient demand more than offset lower realized prices.

NCR Voyix: Interview With Amit Acharya About Unified Commerce And Agentic Retail

By Amit Chowdhry ● Aug 5, 2026

NCR Voyix is a platform-powered leader in unified commerce for shopping and dining, bringing together software, payments, services, and edge-enabled execution on the Voyix Commerce Platform. Serving customers in more than 35 countries, the company empowers retailers and restaurants to accelerate new possibilities for their businesses. Pulse 2.0 interviewed NCR Voyix Head of Product for Retail Commerce Amit Acharya to learn more.

Kraft Heinz Raises Organic Sales Outlook 125 Basis Points As Incremental Investment Reaches $700 Million

By Amit Chowdhry ● Aug 5, 2026

Kraft Heinz raised its full-year 2026 organic-sales outlook after second-quarter results exceeded management’s expectations across U.S. retail, food service, and emerging markets. The company now expects organic net sales to decline between 0.5% and 2% compared with the prior year. Its previous guidance called for a decline of between 1.5% and 3.5%.

Mitsui: Core Operating Cash Flow Reaches $1.78 Billion

By Amit Chowdhry ● Aug 5, 2026

Mitsui & Co. reported approximately $1.78 billion of core operating cash flow during its fiscal first quarter, even though cash provided by operating activities was only about $268 million.

Westlake: PEM Operating Income Swings $503 Million As Average Prices Rise 14%

By Amit Chowdhry ● Aug 5, 2026

Westlake Corporation delivered a sharp recovery in its Performance and Essential Materials business during the second quarter of 2026 as higher polyethylene and PVC resin prices, lower energy costs, supply disruptions, and internal profitability initiatives transformed the segment’s earnings.

Lumora Raises Pre-Seed Funding To Target South Korea’s $145 Billion Industrial Solar Market

By Amit Chowdhry ● Aug 5, 2026

Lumora has closed a pre-seed financing round to expand its industrial solar platform across South Korea. The round was led by a fund anchored by consumer goods company Yuhan-Kimberly and managed by MYSC, with participation from HGI and other strategic investors.

Moove Raises $250 Million At $2.1 Billion Valuation To Scale Autonomous Mobility Infrastructure

By Amit Chowdhry ● Aug 5, 2026

Moove has raised $250 million in Series C funding at a $2.1 billion valuation to expand its autonomous vehicle fleet and infrastructure platform. The round was led by Mubadala Investment Company and co-led by Woven Capital, Toyota’s growth fund, and Ion Pacific. BlueCrest Capital Management, Sona Asset Management and The Raptor Group also participated.

Medallia Completes Recapitalization And Secures $150 Million In New Capital

By Amit Chowdhry ● Aug 5, 2026

Medallia has completed a recapitalization agreement with its lenders, significantly reducing its outstanding debt and securing $150 million in new capital.

Obsidian Therapeutics Completes Galera Merger And $350 Million Private Placement

By Amit Chowdhry ● Aug 5, 2026

Obsidian Therapeutics has completed its previously announced transaction with Galera Therapeutics and closed an oversubscribed $350 million private placement.

Patelco Credit Union Invests In Payfinia And Joins CUSO Board

By Amit Chowdhry ● Aug 5, 2026

Patelco Credit Union has made a strategic investment in Payfinia’s Credit Union Service Organization and joined its board to help shape the development of embedded and real-time payment services for credit unions. Financial terms were not disclosed.

PaveMasters Secures Majority Investment From THL Partners

By Amit Chowdhry ● Aug 5, 2026

PaveMasters has received a majority investment from THL Partners to accelerate the expansion of its pavement maintenance platform across the Western United States. Existing investor Northern Lakes Capital sold its ownership stake as part of the transaction. Financial terms were not disclosed.

Scale Social AI Raises New Financing To Expand Enterprise Content Infrastructure Platform

By Amit Chowdhry ● Aug 5, 2026

Scale Social AI has raised new financing to expand its AI-native content infrastructure platform and managed programs for enterprise brands. The amount and investors were not disclosed.

Balance Theory Raises $19 Million Series A Led By SYN Ventures

By Amit Chowdhry ● Aug 5, 2026

Balance Theory has raised $19 million in Series A funding to expand its AI-native platform for managing cybersecurity investments. The round was led by SYN Ventures, with participation from existing investors DataTribe and TEDCO.

Ratio Therapeutics Raises $70 Million Series C To Advance Radiopharmaceutical Pipeline

By Amit Chowdhry ● Aug 5, 2026

Ratio Therapeutics has raised $70 million in Series C funding to advance its targeted radiopharmaceutical pipeline and expand its manufacturing infrastructure. The round increases the clinical-stage pharmaceutical company’s total capital raised to more than $240 million. Existing investors Duquesne Family Office and Bristol Myers Squibb participated alongside new investors Catalio Capital Management, Eli Lilly and Company, and Wasatch Group.

Terra Mobility Secures $40 Million Credit Financing From Vista Credit Partners

By Amit Chowdhry ● Aug 5, 2026

Terra Mobility has secured $40 million in credit financing from Vista Credit Partners, the credit investment arm of Vista Equity Partners.

SpaceX: AI Adjusted EBITDA Reaches $1.15 Billion As Starlink Subscribers Double To 12 Million

By Amit Chowdhry ● Aug 4, 2026

SpaceX delivered rapid growth across its AI and Connectivity businesses during the second quarter of 2026, although the underlying results showed significant differences between adjusted profitability, reported operating income, subscriber expansion, and revenue per customer.

SpaceX Partners With NVIDIA To Develop Starmind AI1 Satellite Compute Payload

By Amit Chowdhry ● Aug 4, 2026

SpaceX is partnering with NVIDIA to design the Starmind AI1 satellite compute payload, an orbital computing system intended to bring data center-class artificial intelligence processing capabilities into space. Each Starmind satellite will include NVIDIA Rubin graphics processing units and Vera central processing units.

VersaBank Appoints Lawrence Chamberlain As Global SVP Of Investor And Stakeholder Relations

By Amit Chowdhry ● Aug 4, 2026

VersaBank has appointed Lawrence Chamberlain as Global Senior Vice President of Investor and Stakeholder Relations, effective immediately. Chamberlain joins the North American business-to-business digital bank after advising the company on investor relations matters for the past six years as a consultant.

Asset Vantage Appoints Nicole Eberhardt As Global CEO

By Amit Chowdhry ● Aug 4, 2026

Asset Vantage has appointed Nicole Eberhardt as Global Chief Executive Officer, effective August 1, 2026. Eberhardt previously served as Managing Director of North America at Asset Vantage. In her new role, she will lead the company’s global growth, product innovation and market expansion efforts.

Aavalynx Raises £1.5 Million Pre-Seed Funding Led By Omega Ventures

By Amit Chowdhry ● Aug 4, 2026

Aavalynx has raised £1.5 million in pre-seed funding to expand its artificial intelligence-powered platform for helping enterprises understand and manage the financial risks associated with legal disputes. Omega Ventures led the round, with participation from Two Ravens and a group of angel investors that included senior law firm partners and a former European executive at Amazon.

Bending Spoons To Acquire Airtable For $1.285 Billion Enterprise Value

By Amit Chowdhry ● Aug 4, 2026

Bending Spoons has entered into a definitive agreement to acquire Airtable in an all-cash transaction valuing the enterprise software company at $1.285 billion. Including Airtable’s current net cash and cash equivalents, the transaction implies an equity value of approximately $2.25 billion.

Valar Atomics Raises $1 Billion Series B Led By Sequoia And Secures $200 Million Credit Facility

By Amit Chowdhry ● Aug 4, 2026

Valar Atomics has raised $1 billion in Series B funding to accelerate the manufacturing and deployment of standardized nuclear power plants serving artificial intelligence infrastructure, industrial operations and national security applications.

State Street: U.S.-Listed ETFs Attract $189 Billion In July As Year-To-Date Inflows Reach $1.2 Trillion

By Amit Chowdhry ● Aug 4, 2026

U.S.-listed exchange-traded funds attracted $189 billion in July 2026, lifting year-to-date inflows to approximately $1.2 trillion and trailing 12-month inflows to $2 trillion, according to a report from State Street Investment Management.

Streamside RV Resorts Acquires Four Townsend Businesses In Partnership With Clayton Family

By Amit Chowdhry ● Aug 4, 2026

Streamside RV Resorts & Campgrounds has entered into a strategic, long-term investment partnership with Chelly and Kevin Clayton involving four outdoor hospitality and tourism businesses in Townsend, Tennessee. The transaction includes Little Arrow Outdoor Resort, Little Arrow Base Camp RV Park, River Rat Tubing & Rafting and Burger Master. Financial terms were not disclosed.

Blue Sea Capital Closes Oversubscribed Continuation Vehicle For One Physics

By Amit Chowdhry ● Aug 4, 2026

Blue Sea Capital has closed its first continuation vehicle, extending its investment in outsourced medical physics services provider One Physics while providing liquidity to certain existing investors. The oversubscribed single-asset transaction was led by Apogem Capital, Churchill Asset Management, Dextra Partners and Future Standard. Abbott Capital and Twin Bridge Capital Partners also participated.

QuantHealth Raises $45 Million Series B Led By Qumra Capital

By Amit Chowdhry ● Aug 4, 2026

QuantHealth has raised $45 million in Series B funding to expand its artificial intelligence-powered clinical trial simulation platform. The round was led by Qumra Capital, with participation from Pitango HealthTech, Sanofi Ventures, Artofin Venture Capital Fund, Bertelsmann Healthcare Investments, GC Ventures, NewHealth Ventures, Shoni Top Ventures and Esplanade Ventures.

Tricentis Acquires Tabnine To Expand Agentic Quality Engineering Platform

By Amit Chowdhry ● Aug 4, 2026

Tricentis has acquired Tabnine, an enterprise AI coding platform focused on secure and context-aware software development. Financial terms of the transaction were not disclosed.

RWX Raises $12 Million Series A Led By Hyde Park Venture Partners

By Amit Chowdhry ● Aug 4, 2026

RWX has raised $12 million in Series A funding to expand its cloud infrastructure platform for AI-driven software engineering. The round was led by Hyde Park Venture Partners, with participation from existing investor Quiet Capital, The O.H.I.O. Fund, R1 Capital and DV.

Claryx Raises $3.5 Million Pre-Seed Led By Outlander VC

By Amit Chowdhry ● Aug 4, 2026

Claryx has emerged from stealth with $3.5 million in pre-seed funding to expand its genomic surveillance platform for detecting hospital-acquired infection outbreaks. The round was led by Outlander VC, with participation from Company Ventures, Boost VC, Neon, Mana Ventures, 640 Oxford and Precursor.

LoopX Raises $4.05 Million Seed Round Led By BDC And Orion Industrial Ventures

By Amit Chowdhry ● Aug 4, 2026

LoopX Innovation has raised $4.05 million in seed funding to expand its physical AI platform for mining equipment and underground operations. The round was led by BDC Seed Venture Fund and Orion Industrial Ventures, with participation from engineering and professional services firm Hatch.