Innovation

Maybell Quantum: Quantum Infrastructure Company Raises $25 Million

By Amit Chowdhry ● Mar 10, 2024

Quantum infrastructure company Maybell Quantum, has closed a $25 million funding round led by an affiliate of Cerberus Capital Management, L.P. Investing along Cerberus in the round are Maybell’s existing investors, Lavrock Ventures, Caruso Ventures, Mark IV Capital, Decisive Point, In-Q-Tel, and Olive Capital.

Why Aon Is Buying Humn.ai’s Assets

By Amit Chowdhry ● Mar 10, 2024

Aon (a leading global professional services firm) announced the acquisition of Humn.ai's technology assets and intellectual property to strengthen the firm's commercial fleet proposition.

Zapier Hires Vowel Team And Launches Zapier Central: Details

By Amit Chowdhry ● Mar 10, 2024

Zapier - a workflow automation platform for small and midsized businesses - announced that it had acquired the team behind Vowel (an AI-powered video conferencing tool) for an undisclosed amount. And Vowel's CEO, Andrew Berman, will become the new Director of AI at Zapier.

Alumis: $259 Million Raised To Develop Therapies For Immune-Mediated Diseases

By Amit Chowdhry ● Mar 10, 2024

Alumis - a clinical-stage biopharmaceutical company developing oral therapies using a precision approach to transform the lives of patients with immune-mediated diseases - announced an upsized $259 million Series C funding round. Alumis plans to use the funding to initiate pivotal Phase 3 clinical trials for its lead candidate ESK-001, a highly selective and potentially best-in-class allosteric tyrosine kinase 2 (TYK2) inhibitor, in moderate to severe plaque psoriasis in the second half of this year, and support the two ongoing Phase 2 clinical trials for ESK-001 in systemic lupus erythematosus (SLE), and non-infectious uveitis.

Why BlackRock Is Buying SpiderRock Advisors

By Amit Chowdhry ● Mar 10, 2024

BlackRock announced it has agreed to acquire the remaining equity interest in SpiderRock Advisors (SRA), a leading provider of customized option overlay strategies in the U.S. wealth market. This deal expands on BlackRock’s minority investment in SRA made in 2021 and reinforces BlackRock’s commitment to personalized separately managed accounts (SMAs).

Leeds Equity Partners Hires Emily Bernstein As VP Of Investment Team

By Amit Chowdhry ● Mar 9, 2024

Leeds Equity Partners - a New York-based private equity firm focused exclusively on investing in the Knowledge Industries - announced that Emily Hyman Bernstein has joined the firm as a Vice President on its investment team.

Altro Announces Expansion To 47 US States

By Amit Chowdhry ● Mar 9, 2024

Altro - a credit-building app transforming finance by enabling members to build credit history from their recurring monthly expenses - announced the expansion to 47 US states. Issued by Hatch Bank and running on Discover’s Global Network, Altro is also launching the Altro Credit Builder Card.

Carousel Capital Reveals Investment In O.R. Colan Associates

By Amit Chowdhry ● Mar 9, 2024

Carousel Capital announced that it has partnered with management and existing shareholders to recapitalize O.R. Colan Associates (ORC), a leading provider of right-of-way (ROW) services and land management solutions to utility, infrastructure, and public sector clients across the United States.

Limerston Capital: Fund II Closed With £245 Million In Commitments

By Amit Chowdhry ● Mar 9, 2024

Limerston Capital - a UK-based mid-market private equity firm - announced the final closing of its second fund, Limerston Capital Partners II, with total commitments of £245 million.