Innovation

cPacket: $67 Million Raised From Morgan Stanley Expansion Capital And Trinity Capital

By Amit Chowdhry ● Feb 15, 2024

cPacket Networks announced the successful completion of a $67 million transaction, including a primary and secondary equity investment by funds managed by Morgan Stanley Expansion Capital and a debt refinancing by Trinity Capital. The involvement of these investors in this difficult market reflects positively on the company’s performance, strategic positioning, and exciting market opportunity.

Why Perforce Is Buying Delphix

By Amit Chowdhry ● Feb 15, 2024

Perforce Software (a provider of solutions to enterprise teams requiring productivity, visibility, and scale along the development lifecycle backed by Francisco Partners and Clearlake Capital Group, L.P.) announced that it has signed a definitive agreement to acquire Delphix. The financial terms of the deal were undisclosed.

Värde Committed $1.3 Billion In Asset-Based Private Credit Transactions In 2023

By Amit Chowdhry ● Feb 15, 2024

Värde Partners (a leading global alternative investment firm specializing in credit and credit-related assets) announced that it committed $1.3 billion across its asset-based lending and diversified private credit platform in 2023. And these investments facilitated approximately $9 billion of commercial and consumer loans in North America and Europe.

Why Motorola Solutions Is Buying Silent Sentinel

By Amit Chowdhry ● Feb 15, 2024

Motorola Solutions announced it has acquired Silent Sentinel, a provider of specialized, long-range cameras based in Ware, United Kingdom.

Cotiviti: Recapitalization With KKR And Veritas

By Amit Chowdhry ● Feb 15, 2024

Cotiviti (a leading healthcare data and technology business) announced that the company has entered into a definitive agreement to recapitalize the business with affiliates of its long-standing partner Veritas Capital, a leading investor at the intersection of technology and government, and investment funds managed by KKR, a leading global investment firm.

Tulane University Partnering With Archer Education To Drive Online Growth Enablement

By Amit Chowdhry ● Feb 15, 2024

Tulane University has signed a strategic partnership with Archer Education to bolster online growth enablement. This collaboration will concentrate on advancing Tulane's internal marketing, enrollment, and retention capabilities, aiming to centralize and strengthen its online operations in-house.

Tuckahoe Acquiring Leading Industrial Equipment Company Gateway Dealer Network

By Amit Chowdhry ● Feb 15, 2024

Tuckahoe Holdings (a family-run diversified holding company) announced the acquisition of Gateway Dealer Network (GDN), a prominent provider of industrial equipment, from Brightstar Capital Partners (a middle-market private equity firm). And GDN CEO John Hopper and the senior management team are expected to continue to lead the company moving forward. The terms of the deal were undisclosed.

Sapience Analytics Raises Funding From Kayne Anderson Growth Capital

By Amit Chowdhry ● Feb 15, 2024

Sapience Analytics (a global leader helping enterprises optimize capacity management with automated workforce analytics) announced a large new growth investment from Kayne Anderson Growth Capital. The demand for workforce data that is automated, unbiased, and accurate is key for companies to operate efficiently and cost-effectively in a post-pandemic world.

Blue Alliance Raises Strategic Investment From Prairie Capital

By Amit Chowdhry ● Feb 15, 2024

Blue Alliance (a fast-growing, operator-led MSP collective) announced that it had completed a growth recapitalization transaction with Prairie Capital, a proven firm in scaling companies across various industries. And Prairie Capital's investment will enable Blue Alliance to accelerate its growth strategy and offer more MSP owners an alternative to the standard agreement and the opportunity to be part of a strong, supportive community focused on scaling and shared success. Blue Alliance will continue operating independently within the Prairie portfolio.

CVC Credit Prices Apidos XLVII CLO At $507 Million

By Amit Chowdhry ● Feb 15, 2024

CVC Credit - a $43 billion dedicated credit strategy of CVC - announced that it has successfully priced Apidos XLVII (47), a $507 million (c.€471 million) Collateralized Loan Obligation (CLO). And BNP Paribas acted as the lead arranger.

University Of Maryland Selects HPE Aruba Networking For Wireless Access Points And Wired Switches

By Amit Chowdhry ● Feb 15, 2024

The University of Maryland (UMD) has selected the HPE Aruba Networking ESP (Edge Services Platform) networking solution by Hewlett Packard Enterprise. And the campus-wide deployment includes Wi-Fi 6E wireless access points (APs) and CX wired switches (powered end-to-end by AI insights).

Why Salesloft Is Buying Drift

By Amit Chowdhry ● Feb 15, 2024

Salesloft (a provider of one of the first AI-powered Revenue Orchestration Platforms) announced the acquisition of Drift, the buyer experience and Conversational AI company. And the combination of Salesloft and Drift enables companies to orchestrate a personalized, omnichannel buyer journey powered by AI, providing an optimal buying experience that drives higher quality pipeline and revenue outcomes.

Slack Launches AI Bot To Help Users Stay On Top Of Threads

By Amit Chowdhry ● Feb 15, 2024

Slack announced it has started to roll out Slack AI, which is a secure and intuitive AI experience that will put you a step ahead during your workday. And the company is starting with a set of initial generative capabilities.

Artie: $3.3 Million Raised For Solving Database Replication

By Amit Chowdhry ● Feb 15, 2024

Artie announced it had closed a seed round of $3.3 million to make database replication real-time, reliable, and cost-effective. Exponent Founders Capital led the funding round with participation from General Catalyst, Y Combinator, and angel investors, including Benn Stancil, Lenny Rachitsky, and Arash Ferdowsi.

How Google Plans To Share Oil And Gas Methane Leaks Detected From Space

By Amit Chowdhry ● Feb 15, 2024

Google and the Environmental Defense Fund (EDF) have announced a partnership that would expose sources of climate-warming emissions from oil and gas operations that would be detected from space by a new satellite. The project – which is called MethaneSAT - will launch next month. It is one of several satellites that will be deployed to monitor methane emissions worldwide for pinpointing major sources of potent greenhouse gases.

Samsung Partnering With Princeton University To Lead 6G R&D

By Amit Chowdhry ● Feb 15, 2024

Last year, Princeton University’s School of Engineering and Applied Science established the NextG Initiative to accelerate the adoption of new technologies and increase the flow of innovation across various topics, including cloud and edge networks, intelligent sensing, and network resilience. Recently, the NextG Initiative launched a corporate affiliates program to champion for these technological advancements and encourage cooperation between academia, industry leaders and policymakers. And now Samsung Research America will work closely with Princeton University to bridge the gap between academic research and real-world applications along with fellow corporate affiliates including Ericsson, Intel, MediaTek, Nokia Bell Labs, Qualcomm Technologies and Vodafone.

WIT: Digital Activation Platform Raises Series A Funding

By Amit Chowdhry ● Feb 15, 2024

WIT – a digital activation platform across sports and entertainment - announced that it had closed a round of funding led by McCarthy Capital out of their Emerging Growth strategy. Vaidhy Murti launched WIT in 2021 as a platform for sports teams to create immersive fan experiences to engage with fans digitally.

Parlay: Small Business Loan Readiness Platfor Company Raises $1.3 Million

By Amit Chowdhry ● Feb 15, 2024

Parlay – a first-of-its-kind small business loan readiness platform - announced the closing of $1.3 million in pre-seed financing led by Fenway Summer. And other firms investing in the round include Hivers and Strivers Capital, Service Provider Capital, Capacity Capital, and Alumni Ventures, together with a follow-on investment from Techstars.

Refine Intelligence: Helping Banks Reduce Operational Costs of Financial Crime

By Amit Chowdhry ● Feb 15, 2024

Refine Intelligence is a company that has developed a novel, AI-based approach for banks to fight money laundering and reduce the growing operational costs of financial crime. Pulse 2.0 interviewed Refine Intelligence CEO and co-founder Uri Rivner to learn more about the company.

Voiijer: How This Social Media App Encourages Experiences In The Natural World

By Amit Chowdhry ● Feb 15, 2024

Voiijer (pronounced ‘voyager’) is a new social media platform for people to experience, be inspired, and participate in the natural world. Pulse 2.0 interviewed Voiijer chief product officer Michelle Excell to learn more about the company.

Dakota Lithium: The Story Behind This Practical Sustainable Energy Product Company

By Amit Chowdhry ● Feb 15, 2024

Dakota Lithium is a company that creates practical sustainable energy products to help people across the planet with affordable transportation and long-lasting energy storage. And Dakota Lithium batteries use a lithium iron phosphate chemistry which is extremely stable and not prone to thermal runaway. Pulse 2.0 interviewed Dr. Yong Hou, vice president of research and development at Dakota Lithium to learn more about the company.

Renesas Buying Altium For $5.9 Billion: Details

By Amit Chowdhry ● Feb 15, 2024

Renesas Electronics (a supplier of advanced semiconductor solutions) and Altium Limited (a global leader in electronics design systems) announced they have entered into a Scheme Implementation Agreement (SIA) for Renesas to acquire Altium by way of a Scheme of Arrangement under Australian law.

H1: Making Healthcare Information And Research Easier To Access In A $10 Billion Market

By Amit Chowdhry ● Feb 15, 2024

H1 is a company focused on creating a healthier future worldwide by unlocking and democratizing global access to critical expertise, HCP information, claims data, research and discoveries, and connected insights for all: pharma and life sciences companies, academic medical centers, insurance companies, researchers, doctors, and patients – bringing everyone closer together to advance medicine and clinical outcomes. Pulse 2.0 interviewed H1 CEO and co-founder Ariel Katz to learn more about the company.

Innsena Signs Impact Partnership With CancerX

By Amit Chowdhry ● Feb 14, 2024

Innsena - a health tech consultancy focused on improving care outcomes for underserved communities - announced a partnership with CancerX, a public-private partnership by The White House as a national accelerator to boost digital innovation in the fight against cancer as part of the reignited Cancer Moonshot. Innsena joins the initiative as its first Impact Supporter.

US Ignite Secures $6.97 Million Contract From ERDC To Continue SICD Program

By Annie Baker ● Feb 13, 2024

US Ignite announced a new contract for $6.97 million from the U.S. Army Engineer Research and Development Center (ERDC) to continue the successful Smart Installation and Community Dashboard (SICD) program at Fort Moore, Georgia. And the contract follows the development and deployment of three key software applications in the SICD program, all of which were designed to help provide a common operating picture to leaders at the installation.

Google To Invest €25 Million In AI Opportunity Initiative For Europe

By Amit Chowdhry ● Feb 13, 2024

Google Europe, Middle East, and Africa President Matt Brittin announced that the company is working with EU governments, civil society, academics, and businesses to find the right path to land AI technology safely and for everyone. And the company is launching the AI Opportunity Initiative for Europe, which would help provide training and skills to support people and countries to succeed in seizing the AI opportunity.

How Mount Sinai Medical Center Plans To Utilize AI For Treating Complex Aortic Conditions

By Annie Baker ● Feb 13, 2024

Mount Sinai Medical Center announced it is now implementing unique AI software to support treating patients with complex aortic diseases.

OPSWAT Launches $10 Million Cybersecurity Skills Scholarship Learning Program

By Amit Chowdhry ● Feb 12, 2024

OPSWAT - a global leader in perimeter defense cybersecurity solutions for critical environments - announced that it is launching a $10 million scholarship program to offer essential CIP training courses. This initiative addresses the increasing demand for certified cybersecurity professionals, mainly within critical infrastructure industries.

Doowon Climate Control To Invest Over $30 Million In Georgia-Based Manufacturing Facility

By Amit Chowdhry ● Feb 11, 2024

Governor Brian Kemp recently announced that Doowon Climate Control America (an auto parts manufacturer and supplier) will invest over $30 million in a new manufacturing facility in Metter, creating 200 new jobs in Candler County. This marks the second automotive supplier announced in Candler County in under six months.

Canada Nickel Looking To Build Largest Nickel Procesing Plant In North America

By Annie Baker ● Feb 10, 2024

Nickel mining company Canada Nickel is planning to develop a nickel processing plant in Ontario, which would cost about $1 billion. This plant would be the largest in North American once it is done.