Innovation

Why Grocery Outlet Is Buying United Grocery Outlet

By Amit Chowdhry ● Feb 19, 2024

Grocery Outlet has agreed to acquire United Grocery Outlet (UGO) - an extreme value and discount grocery retailer operating throughout the Southeastern United States - from affiliates of Gen Cap America and current and former UGO management. With 40 stores and a distribution center, the acquisition of UGO will expand Grocery Outlet's presence into Tennessee, North Carolina, Georgia, Alabama, Kentucky, and Virginia.

LeoLabs: $29 MIllion Raised For Delivering AI-Based Insights For Space Operations

By Amit Chowdhry ● Feb 19, 2024

LeoLabs - the company with the largest and most comprehensive commercial catalog of objects in low Earth orbit - announced it raised an additional $29 million in financing. This latest funding round enables LeoLabs to scale up its insight delivery by further investing in advanced end-user applications and partner integrations.

Google Launches AI Cyber Defense Initiative To Transform Cybersecurity

By Amit Chowdhry ● Feb 19, 2024

Google has announced a new service offering AI tools for providing online security. Google’s new open-source resources - which is called the AI Cyber Defense Initiative - the company is continuing an investment in an AI-ready infrastructure.

Yuga Labs Acquiring PROOF: Details

By Amit Chowdhry ● Feb 19, 2024

Yuga Labs (a leading web3 lifestyle and media company and creators of the Bored Ape Yacht Club, Otherside, TwelveFold, and owners of Meebits, CryptoPunks, and 10KTF) announced it has acquired PROOF, which includes the PROOF Collective, Moonbirds, Oddities, Mythics, and Grails exhibition series.

Why ABB Is Buying SEAM Group

By Amit Chowdhry ● Feb 19, 2024

ABB has agreed to acquire SEAM Group, a major provider of energized asset management and advisory services to clients across industrial and commercial building markets.

HireRight To Be Acquired By General Atlantic And Stone Point Capital: Details

By Amit Chowdhry ● Feb 19, 2024

HireRight Holdings Corporation (a leading provider of global background screening services and workforce solutions) announced that it has entered into a definitive agreement to be acquired by investment funds affiliated with General Atlantic and Stone Point Capital.

David Eisenhauer And Team Launching Greykasell Wealth Strategies

By Amit Chowdhry ● Feb 19, 2024

David Eisenhauer, CFP, CPA, CLU, and his team announced the launch of Greykasell Wealth Strategies, an independent registered investment advisor (RIA) with the SEC serving the intricate financial needs of high-net-worth individuals, families, and business owners.

Global Millennial Capital: $20 Million Raised To Fund Early Stage Ventures

By Amit Chowdhry ● Feb 19, 2024

Global Millennial Capital (GMCL) - an award-winning venture capital fund that uses a data-driven research approach to identify investment white spaces in the global technology sector and reduce investment bias - announced the closing of its first $20 million fund as part of an oversubscribed private subscription round.

Prospera Financial Brings In Painter, Smith & Amberg To Its Network

By Amit Chowdhry ● Feb 19, 2024

Prospera Financial Services (a boutique wealth management firm supporting a nationwide network of independent advisors) announced that advisors Charles Painter, David Smith, Jeffrey Amberg, and Kallie Rawson of Painter, Smith & Amberg have joined its network. Based in Redlands, California, the firm holds $650 million in assets under management (AUM).