Innovation

Francisco Partners Acquiring Jama Software For $1.2 Billion

By Amit Chowdhry ● Mar 19, 2024

Jama Software - a leading requirements management and traceability solution company - announced that private equity firm Francisco Partners agreed to acquire the company from shareholders, including Insight Partners and Madrona Ventures, for $1.2 billion.

Cohesity Raises Strategic Funding From NVIDIA

By Amit Chowdhry ● Mar 19, 2024

Cohesity - a leader in AI-powered data security and management - announced a collaboration with NVIDIA to help organizations unlock the power of GenAI and data with the recently announced NVIDIA NIM microservices and through the integration of NVIDIA AI Enterprise into the Cohesity Gaia platform. Cohesity’s latest funding round also led to NVIDIA becoming a new investor.

Superlinked: $9.5 Million Secured To Turn Complex Data Into Vector Embeddings

By Amit Chowdhry ● Mar 19, 2024

Superlinked, a solution for turning complex data into vector embeddings, announced it has received $9.5 million in seed funding. Index Ventures led the round, with Theory Ventures significantly participating. 20Sales, Firestreak, and several prominent tech executives also participated.

Poseidon: Aquaculture Solutions Company Raises $20.75 Million

By Amit Chowdhry ● Mar 19, 2024

Poseidon Ocean Systems announced the completion of a $20.75 million Series B financing led by Ecosystem Integrity Fund (EIF), and joined by InBC Investment, along with additional support from existing shareholder Export Development Canada.

Kyte Closes Up To $250 Million In Asset-Backed Credit Financing

By Amit Chowdhry ● Mar 19, 2024

Kyte - a company that has cars delivered to you on-demand - announced the closing of an asset-backed credit financing of up to $250 million from Barclays Bank and Waterfall Asset Management. This fund source will accelerate the company's fleet growth and profitability.

Hippocratic AI: LLM For Healthcare Company Raises $53 Million At $500 Million Valuation

By Amit Chowdhry ● Mar 19, 2024

Hippocratic AI - a company building the first safety-focused Large Language Model (LLM) for healthcare - announced the closing of a $53 million Series A funding round at a $500 million valuation. This funding round brought the company’s total funding to $120 million.

NSF Buying Advanced Plastic Pipe And Materials Testing Laboratory PSILab

By Amit Chowdhry ● Mar 18, 2024

NSF - a leading global public health and safety organization - announced the acquisition of PSILab, a US-based advanced product testing and consulting laboratory specializing in plastic pipe, pipe materials, and other polymeric and composite products.

BigID: AI-Driven Data Security And Compliance Company Raises $60 Million

By Amit Chowdhry ● Mar 18, 2024

BigID - a pioneer in AI-augmented data security, compliance and privacy for modern cloud-first enterprises - announced that it closed a $60 million growth round led by Riverwood Capital with participation by Silver Lake Waterman and Advent.

SPL Acquiring Environmental Laboratory Company DHL Analytical

By Amit Chowdhry ● Mar 18, 2024

SPL - a leading provider of compliance and testing services for environmental, energy, and other end markets - announced it has acquired DHL Analytical, an environmental laboratory based in Austin, TX.

Nextracker Names Chuck Boynton As New CFO

By Amit Chowdhry ● Mar 18, 2024

Nextracker—a leader of intelligent solar trackers and software solutions—announced the appointment of Charles “Chuck” Boynton as Chief Financial Officer (CFO), effective after he completes his tenure with his current employer, which is expected in May 2024.

Waud Capital Partners Collaborating With Mark Layden To Acquire Companies And Assets

By Amit Chowdhry ● Mar 18, 2024

Waud Capital Partners, a middle-market private equity firm, announced today it has partnered with Mark Layden to acquire companies and assets in the enterprise application software market.

Sensor Tower Buying Market Intelligence Company data.ai

By Amit Chowdhry ● Mar 18, 2024

Digital economy data provider Sensor Tower announced today that it has acquired market intelligence platform data.ai for an undisclosed amount. This deal will enable Sensor Tower to expand and create an industry-standard marketing intelligence solution.

Accenture Acquiring Arηs Group To Expand Public Service Digital Transformation Across Europe

By Amit Chowdhry ● Mar 18, 2024

Accenture has agreed to acquire Arηs (pronounced Aris) Group, a tech services provider that supports public sector transformation across Europe. This deal will enhance Accenture’s public service offering, utilizing various innovative solutions to help clients leverage tech expertise and accelerate digital transformations.

Fair Market Value Capital And TD Jointly Acquire 28% Interest In PSA Italy

By Amit Chowdhry ● Mar 18, 2024

The FMV Industrial Infrastructure Fund I SCSp - advised by Fair Market Value Capital Partners (FMV) - and the TD Greystone Infrastructure Fund (Global Master) SCSp (TDGIF), advised by TD Asset Management (TDAM), announced that they jointly acquired a 28% interest in PSA Italy from PSA International.

Genstar Capital: Matt McCabe And Dominic Martellaro Promoted To Director

By Amit Chowdhry ● Mar 18, 2024

Private equity firm Genstar Capital announced the promotions of Matt McCabe and Dominic Martellaro to Director.

GTCR Closes Acquisition Of Cloudbreak Health

By Amit Chowdhry ● Mar 18, 2024

Today, leading private equity firm GTCR announced that it had closed the acquisition of Cloudbreak Health, a leading provider of tech-enabled and healthcare-focused language interpretation services, in a corporate carve-out transaction from UpHealth.

Carlsmed: AI-Enabled Personalized Surgery Company Raises $52.5 Million

By Amit Chowdhry ● Mar 18, 2024

Carlsmed - an AI-driven personalized surgery medical technology company - announced a $52.5 million Series C funding round co-led by B Capital and U.S. Venture Partners.

monday.com: Petra Jenner Appointed To Board of Directors

By Amit Chowdhry ● Mar 18, 2024

monday.com - a work operating system (Work OS) used by organizations to create the tools and processes they need for managing all aspects of work - announced the appointment of Petra Jenner to its Board of Directors, effective April 1, 2024.

Cisco’s $28 Billion Acquisition Of Splunk Completed

By Amit Chowdhry ● Mar 18, 2024

Today, Cisco announced it completed the acquisition of Splunk. This acquisition will strengthen Cisco's foundation in delivering unparalleled visibility and insights across companies of all sizes' digital footprints.

Bridger Consulting Buying Primary Insights Platform Company DeepBench

By Amit Chowdhry ● Mar 18, 2024

Today, Bridger Consulting Group announced the acquisition of DeepBench, a primary insights platform launched in 2016 by four MIT students. DeepBench differentiates itself by building proprietary software tools, such as distinct AI and ML capabilities, to improve the efficiency and effectiveness of the expert matching process—a significant bottleneck in the expert insights space. This deal will substantially improve Bridger's service offerings and market share, especially within the expert search market segments.

nCino Buying Commercial Account Opening Platform Company DocFox

By Amit Chowdhry ● Mar 18, 2024

nCino - a cloud banking pioneer for the global financial services industry - announced that it has signed a definitive agreement to acquire DocFox. DocFox is a leading solution provider automating onboarding experiences for commercial/business banking.

ConKay Medical Systems Raises $1.8 Million For Developing Device To Treat Patients Suffering From Valvular Regurgitation

By Amit Chowdhry ● Mar 18, 2024

ConKay Medical Systems - a medical technology startup company that is developing a device for treating patients suffering from valvular regurgitation - announced it has closed an oversubscribed $1.8 million seed round. Multiple investment funds participated in the round including Unorthodox Ventures, SCP Ventures, WS Investment Company, and individual angel investors.

FlexPoint: Payments Automation Platform Company Raises $35 Million

By Amit Chowdhry ● Mar 18, 2024

FlexPoint - a payments automation platform designed for managed service providers (MSPs) and the businesses they work with - announced that it has raised $35 million of capital in the form of debt and equity to fund the growth of the company and a vision to provide MSPs with a financial platform to grow and run their businesses.

TheyDo: Customer Journey Management Company Raises $34 Million

By Amit Chowdhry ● Mar 18, 2024

Leading Journey Management platform company TheyDo announced it raised an additional $34 million in funding. Blossom Capital led the round, which included existing investors Arches Capital and InnovationQuarter, global customer experience evangelist Steven Van Belleghem, HighSage Ventures, and 20SALES.

Goldman Sachs Completes Sale Of GreenSky

By Amit Chowdhry ● Mar 17, 2024

GreenSky has completed a previously announced acquisition of the company by a consortium of institutional investors led by Sixth Street from Goldman Sachs. The consortium also included KKR, Bayview Asset Management, and CardWorks. As part of the deal, GreenSky is also deepening its strategic partnership with Synovus Bank - an essential part of the GreenSky Program since 2015.

Shake Smart Raises Funding From NewSpring Franchise

By Amit Chowdhry ● Mar 17, 2024

NewSpring announced that NewSpring Franchise (the firm's strategy dedicated to investing in innovative franchise and multi-unit concepts in large and growing markets) has invested in Shake Smart Holdings, a leading healthy, fast-casual concept. Shake Smart will use the funding to continue its rapid unit expansion. The terms of the deal were undisclosed.

New Mountain Capital Acquires Majority Stake In Grant Thornton

By Amit Chowdhry ● Mar 17, 2024

Grant Thornton (one of the leading providers of audit and assurance, tax, and advisory services) and New Mountain Capital (a growth-oriented investment firm with about $50 billion in assets under management) announced a significant growth investment to accelerate Grant Thornton’s business strategy.

Brady Corporation To Buy Gravotech In $133 Million Deal

By Amit Chowdhry ● Mar 17, 2024

Brady Corporation announced that it has entered into exclusive negotiations to buy Gravotech Holding for about €123 million (about $133 million). Brady expects to fund the deal with cash on hand and with borrowings on its existing credit agreement and expects to close the transaction by the end of its fiscal year ending July 31, 2024, subject to closing conditions.

Westbound Equity Partners: Oversubscribed $100 Million Fund II Closed

By Amit Chowdhry ● Mar 17, 2024

Westbound Equity Partners (previously called Concrete Rose) announced that it closed $100 million in Fund II, which was oversubscribed. Since the firm’s founding, they set out on an ambitious journey to create a virtuous cycle of wealth and opportunity by investing financial and social capital into exceptional founders and ventures led by or built with underrepresented people of color.

Sealed Reveals Sealed Pro And $30 Million Funding Round

By Amit Chowdhry ● Mar 17, 2024

Sealed - a New York-based residential energy efficiency company - announced the launching of Sealed Pro and a $30 million funding round. The $30 million funding round was led by Keyframe Capital and Cyrus Capital, CityRock, Fifth Wall, and others joined them.