Innovation

Equinox Gold And Orla Mining: $18.5 Billion Combination Creates New North American Senior Gold Producer

By Amit Chowdhry ● May 13, 2026

Equinox Gold and Orla Mining Ltd. announced a definitive arrangement agreement to combine in an at-market transaction that will create a new North American senior gold producer with approximately 1.1 million ounces of expected annual gold production and an implied market capitalization of approximately $18.5 billion. The combined company will continue operating under the name Equinox Gold Corp.

EnsoData Secures Growth Capital From CIBC Innovation Banking

By Amit Chowdhry ● May 13, 2026

CIBC Innovation Banking announced it has provided growth capital financing to EnsoData, a healthcare technology company focused on advancing sleep medicine through artificial intelligence solutions. The financing is expected to support EnsoData’s continued expansion and accelerate investment in AI-driven diagnostics technology.

MTU Maintenance Lease Services Invests In TRecs

By Amit Chowdhry ● May 13, 2026

MTU Maintenance Lease Services B.V. announced a strategic minority investment in TRecs, a technology platform focused on digitalizing Open Item List management across the engine lifecycle. Financial terms of the transaction were not disclosed.

Quad‑C Management Announces Investment In Thibaut

By Amit Chowdhry ● May 13, 2026

Quad‑C Management has made a strategic investment in Thibaut, the 140‑year‑old design house known for its wallcoverings, fabrics, rugs and furniture. Founded in 1886, Thibaut is the oldest wallcovering company in the United States and has evolved into a full‑service design brand spanning Thibaut, Anna French, Coraggio, and Rosemary Hallgarten. The company is recognized for its distinctive design heritage, in‑house artwork, and long‑standing relationships across the interior design trade.

Oishii Announces First Closing Of $150 Million Series C As It Scales Its Indoor Smart Farm Model

By Amit Chowdhry ● May 13, 2026

Oishii has closed the first $150 million tranche of its Series C financing, marking a major new phase of scale for the company behind the world’s largest indoor vertical strawberry farm. The round was led by SPARX Asset Management with participation from Nomura Real Estate Development, MISUMI Group, Mizuho Bank, and others.

A* Announces A* III, A $450 Million Early‑Stage Fund Focused On Backing Founders Before Consensus

By Amit Chowdhry ● May 13, 2026

A* has announced the launch of A* III, a new $450 million early‑stage fund built around the firm’s founding philosophy: to be a founder’s first believer.

Bristol Myers Squibb And Hengrui Pharma Enter $15.2 Billion Global Collaboration To Advance 13 Early‑Stage Programs

By Amit Chowdhry ● May 13, 2026

Bristol Myers Squibb and Hengrui Pharma have formed a broad global collaboration and license agreement that brings together 13 early‑stage programs across oncology, hematology, and immunology. The companies said the partnership is designed to accelerate early innovation, strengthen clinical proof‑of‑concept development, and advance a diverse portfolio of next‑generation medicines for patients worldwide.

Anduril Raises $5 Billion Series H At $61 Billion Valuation For Defense Industrial Expansion

By Amit Chowdhry ● May 13, 2026

Anduril has announced a $5 billion Series H funding round, bringing its valuation to $61 billion and marking one of the largest private raises in the defense technology sector. The round was led by Thrive Capital and Andreessen Horowitz, reflecting a dramatic shift in investor appetite toward companies building advanced defense capabilities.

UFOFLEET Acquires FleetMaster From Cox Automotive To Accelerate AI‑Driven Fleet Modernization

By Amit Chowdhry ● May 13, 2026

UFOFLEET, the intelligent operating system built by UFODRIVE, has acquired FleetMaster from Cox Automotive in a move designed to accelerate the modernization of the global fleet and mobility sector. The company said the deal will expand its reach across Europe, the Americas, and Asia‑Pacific while bringing its AI‑powered infrastructure to FleetMaster’s established rental, leasing, and dealer management platform.

Dubai Holding And ICD Complete Strategic Transaction In Emaar Properties

By Amit Chowdhry ● May 13, 2026

Dubai Holding and the Investment Corporation of Dubai have completed a strategic transaction in which Dubai Holding acquired a 22.27% equity stake in Emaar Properties from ICD. With this acquisition, Dubai Holding’s total ownership in Emaar Properties rises to 29.73%, making it the company’s largest shareholder. The move strengthens Dubai Holding’s long‑standing partnership with Emaar and reflects its confidence in both the developer’s market position and the long‑term fundamentals of Dubai’s real estate sector.

Function Acquires SuppCo To Bring Trust And Clarity To Supplements

By Amit Chowdhry ● May 13, 2026

Function has acquired SuppCo, the independent trust layer that helps people understand and organize what they put into their bodies, beginning with supplements. The acquisition brings together Function’s continuous biological testing platform with SuppCo’s evidence‑based supplement analysis, creating a unified model that connects what is happening inside the body with the inputs that influence long‑term health.

American Securities Completes Sale Of CPM To Rosebank Industries

By Amit Chowdhry ● May 13, 2026

American Securities has completed the sale of CPM Holdings to Rosebank Industries in a transaction valued at approximately $2.1 billion, marking a major exit for the private equity firm after an eight‑year partnership. CPM, headquartered in Blaine, Minnesota, is a global leader in highly engineered process equipment and automation solutions serving the oilseed, animal feed, renewable energy, plant‑based food and industrial materials sectors.

Accord Asset Partners Completes Sale Of Majority Stake In DME Express To Palladium Equity Partners

By Amit Chowdhry ● May 13, 2026

Accord Asset Partners has completed the previously announced sale of its majority equity interest in DME Express to Palladium Equity Partners. The transaction, which closed on March 25, 2026, marks Palladium’s second investment in the hospice sector and its second platform investment through Palladium Equity Partners VI. CEO Mark Borneleit and his leadership team will continue running the business as Palladium partners with them to support the company’s next phase of growth.

Trucordia Acquires Assets Of Richardson Insurance, Expanding Personal And Commercial Lines Presence In Idaho

By Amit Chowdhry ● May 13, 2026

Trucordia has acquired the assets of Richardson Insurance, a long‑standing Idaho‑based personal and commercial lines agency founded in 1988 by Randy Richardson. Over nearly four decades, Richardson Insurance built a loyal client base by emphasizing education, accessibility and strong relationships—an approach that aligns closely with Trucordia’s client‑first philosophy. The acquisition strengthens Trucordia’s presence in Idaho while adding a business known for high retention and deep community roots.

ID Signsystems Acquired To Accelerate Growth And Build An Integrated Signage Platform

By Amit Chowdhry ● May 13, 2026

ID Signsystems has been acquired by entrepreneur James Van Thof, marking a new phase of investment and expansion for the Rochester‑based architectural signage and branded environments firm. The company will continue operating under its established brand and team while focusing on scaling capacity, enhancing technology and pursuing both organic growth and strategic acquisitions.

Veritiv Acquires Quick Pak And Stickel Packaging Supply To Expand Regional Packaging Capabilities

By Amit Chowdhry ● May 13, 2026

Veritiv has acquired Quick Pak, Inc. and Stickel Packaging Supply, strengthening its packaging platform and expanding its presence in both Central Florida and the Northeast. The acquisitions add complementary product lines, deepen regional customer coverage and bring experienced teams into Veritiv’s growing packaging business.

Coupa Acquires Rossum To Accelerate End‑To‑End Autonomous Spend Management

By Amit Chowdhry ● May 13, 2026

Coupa has acquired Rossum, the AI‑first leader in intelligent document processing, expanding its capabilities across the full source‑to‑pay lifecycle. The acquisition builds on a long‑standing partnership focused on automating complex invoicing for Accounts Payable teams. By integrating Rossum’s transactional large language model and purpose‑built IDP architecture, Coupa aims to deliver faster processing, deeper cost savings and greater data control across both direct and indirect spend.

Thomson Reuters And Anthropic Expand Partnership To Connect Claude With CoCounsel Legal

By Amit Chowdhry ● May 13, 2026

Thomson Reuters has expanded its partnership with Anthropic through a new Model Context Protocol integration that connects Claude directly to CoCounsel Legal. The integration allows legal professionals to move seamlessly between general‑purpose AI and citation‑grounded legal workflows, bringing fiduciary‑grade standards into environments where accuracy and verifiability are essential. The company positioned the move as a response to the widening gap between fast, convenient AI tools and the rigor required for professional legal work.

Cloopen Enters Merger Agreement For Going‑Private Transaction

By Amit Chowdhry ● May 13, 2026

Cloopen Group Holding Limited has entered into a definitive merger agreement that will take the company private in a transaction valuing the business at approximately $162.89 million. The deal will result in Cloopen becoming a wholly owned subsidiary of HoldCo, an entity controlled by a consortium led by founder and CEO Changxun Sun alongside several investment partners. The merger will be executed under Cayman Islands law, with Cloopen surviving as the post‑merger entity.

Vision Marine Announces Proposed Sale Of Fort Lauderdale Property For Up To $10 Million As It Centralizes Retail Operations

By Amit Chowdhry ● May 13, 2026

Vision Marine Technologies has announced a proposed transaction involving the sale of the property located at 1400 South Federal Highway in Fort Lauderdale, Florida, for total consideration of up to $10 million. The sale is being executed by NVFL Holdings, LLC, an affiliate of the sellers in Vision Marine’s acquisition of Nautical Ventures Group. The company expects the transaction to generate approximately $5 million in non‑dilutive liquidity under its existing contractual rights, while also reducing annualized operating costs by roughly $1.2 million.

DexKo Global Acquires Carsten Stäbler To Expand European Customer Center Network

By Amit Chowdhry ● May 13, 2026

DexKo Global has strengthened its European service footprint with the acquisition of Carsten Stäbler GmbH, a well‑established specialist in suspension optimization, vehicle upratings, hydraulic leveling systems, trailer hitches, and motorhome retrofitting. The company, based in Waghäusel, Germany, is known for its deep technical expertise and long‑standing reputation in the motorhome and trailer market.

Sensor Tower Acquires AppMagic To Add SMB Intelligence Offering To Its Digital Insights Platform

By Amit Chowdhry ● May 13, 2026

Sensor Tower has expanded its digital intelligence platform with the acquisition of AppMagic, a mobile app market intelligence provider known for its competitive insights and deep expertise in the mobile gaming ecosystem. The company says the acquisition will serve as the foundation for a new small and medium‑sized business (SMB) offering, broadening Sensor Tower’s reach across the global app economy.

Salem Media To Be Acquired By WaterStone In Transformational Going‑Private Deal

By Amit Chowdhry ● May 13, 2026

Salem Media has entered into a definitive agreement to be acquired by WaterStone, a move that will take the company private and strengthen its long‑term mission across radio, digital media, streaming, podcasting, television and publishing. Under the terms of the agreement, WaterStone will acquire all outstanding shares of Salem Media common stock for $1.00 per share, representing a premium of approximately 250 percent over the company’s recent trading price.

Clear Capital Acquires Restb.ai To Expand AI‑Driven Property Intelligence Across Real Estate

By Amit Chowdhry ● May 13, 2026

Clear Capital has strengthened its real estate analytics and valuation technology platform with the acquisition of Restb.ai, the Barcelona‑based leader in AI‑powered computer vision for property analysis. The company says the acquisition will bring deeper, more actionable property intelligence to customers across the global real estate and mortgage ecosystem.

Owkin To Build AI Agents As Part Of Multi-Year K Pro License Agreement With AstraZeneca

By Amit Chowdhry ● May 13, 2026

Owkin, the agentic AI company focused on drug discovery and development, has announced an agreement with AstraZeneca to develop biopharma agents as part of a three-year licensing deal for K Pro, Owkin's AI Scientist platform for biopharma decision-making.

Forter Appoints Jennifer Howard As First Chief Merchant

By Amit Chowdhry ● May 12, 2026

Forter announced the appointment of Jennifer Howard as the company’s first Chief Merchant as the AI-powered commerce platform expands its focus on merchant engagement and retail-driven product development.

S.i. Systems Appoints Jeff Cesario As Vice President Of Corporate Development To Lead North American M&A Strategy

By Amit Chowdhry ● May 12, 2026

S.i. Systems ULC, a leading Canadian technology services company, has announced the appointment of Jeff Cesario as Vice President of Corporate Development. In this role, Cesario will lead the company's acquisition strategy, focusing on ongoing expansion across Canada and into the U.S. market. The hire signals a step-up in S.i. Systems' acquisition-led growth ambitions as it looks to scale its footprint and enhance its service offerings across North America.

Zetaris Appoints Ashish Bhagat As CFO And Phil Vadon As CRO To Accelerate Global Expansion

By Amit Chowdhry ● May 12, 2026

Zetaris, the Open Agentic Lakehouse company, has announced the appointment of Ashish Bhagat as Chief Financial Officer and Phil Vadon as Chief Revenue Officer. Both appointments are global in scope as Zetaris accelerates its expansion across North America and international markets. The hires arrive at what the company describes as a defining moment for enterprise data, with hyperscalers committing $725 billion to AI infrastructure in 2026 alone and the agentic lakehouse category — which enables AI agents to access, query, and activate enterprise data in place without duplication or complex data movement — emerging as a critical infrastructure layer for enterprise AI execution.

Lafayette Instrument Acquires Sutter Instrument To Expand Life Sciences Instrumentation Portfolio

By Amit Chowdhry ● May 12, 2026

Lafayette Instrument, a leading global manufacturer of scientific instrumentation equipment for the life sciences, polygraph, and human evaluation markets, has announced the acquisition of Sutter Instrument Corp., a leading provider of precision scientific instruments used by universities and research institutions globally for electrophysiology, neuroscience, and related life sciences research. Financial terms of the transaction were not disclosed.

L&T Technology Services And Emerson Announce Global Strategic Partnership To Accelerate Engineering Innovation

By Amit Chowdhry ● May 12, 2026

L&T Technology Services has announced a strategic global partnership with Emerson, a global automation leader and provider of advanced test and measurement solutions. Under the engagement, LTTS will serve as a global system integrator and technology development partner, supporting the design, deployment, and lifecycle enablement of advanced systems engineering platforms across industries. The collaboration will focus on product engineering and solution development for industrial, transportation, semiconductor, aerospace, and defense sectors where system performance, resilience, and sustainability are critical.