Innovation

Why Cycode Is Acquiring Bearer

By Amit Chowdhry ● Mar 6, 2024

Cycode - a leader in Application Security Posture Management (ASPM) with the only complete approach to ASPM - announced the acquisition of Bearer (a modern AI-powered SAST, API discovery, and data leak protection that delivers all three solutions in one to help Cycode overachieve in its mission to deliver faster and safer code. This strategic deal aims to supercharge its complete ASPM with scanning speeds 31% faster than the competition. It utilizes AI for more contextual remediation and enhanced precision and offers an unparalleled developer experience for faster shipping.

Why Cadence Is Buying BETA CAE For About $1.24 Billion

By Amit Chowdhry ● Mar 6, 2024

Cadence Design Systems recently announced it has entered into a definitive agreement to acquire BETA CAE Systems International AG, which is a leading system analysis platform provider of multi-domain engineering simulation solutions. And the addition of BETA CAE’s proven technologies and talent will accelerate Cadence’s Intelligent System Design strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, unlocking a multi-billion-dollar incremental TAM opportunity.

Why Charlesbank Capital Partners Is Buying EverDriven Technologies

By Amit Chowdhry ● Mar 6, 2024

EverDriven Technologies (an alternative student transportation platform) announced that it has been acquired by Charlesbank Capital Partners, a middle-market private investment firm with offices based out of Boston and New York. And the company had been owned by affiliates of Palladium Equity Partners, LLC. The terms of the deal were undisclosed.

Barge Design Solutions And Vanderbilt University Collaborating On Generative AI Education

By Amit Chowdhry ● Mar 6, 2024

Barge Design Solutions (an engineering and architecture firm with diverse in-house multidisciplinary practice areas) is collaborating with Vanderbilt University's Future of Learning and Generative AI Initiative to educate executives on how to embrace and harness this groundbreaking technology in business leadership. And to launch this collaboration, Dr. Jules White, senior advisor to the chancellor for generative AI in education and enterprise solutions and professor of Computer Science at Vanderbilt University, and Bob Higgins, Barge's CEO and president, worked together to co-create a new course called 'Generative AI for Leaders,' which comprehensively addresses essential AI skills tailored for business leaders.

Why Cornerstone Advisors Is Buying Maple Street

By Amit Chowdhry ● Mar 6, 2024

Cornerstone Advisors - a leading management and technology consultancy for banks, credit unions, and fintech companies - announced it completed its acquisition of Maple Street, an established vendor management solutions service for banks and credit unions.

DTEX Systems: Insider Risk Management Company Raises $50 Million In Round Led By CapitalG

By Amit Chowdhry ● Mar 6, 2024

DTEX Systems - a global leader in insider risk management - announced that it closed $50 million in Series E funding. CapitalG, the independent growth fund of Google’s parent company, Alphabet - led the new investment round, bringing DTEX Systems’ total funding raised to $138 million. The funding round will be used to expand the company’s engineering team and grow its go-to-market (GTM) operations globally, accelerating its mission to protect global organizations from insider threats proactively.

Topsort Closes $20 Million To Scale Clean Ad Platform

By Amit Chowdhry ● Mar 6, 2024

Topsort announced that it raised $20 million in Series A funding. The funding round was led by Upload Ventures and returning seed round investors Quiet Capital and Pear Ventures. And the Series A round values the company at $150 million.

Entrada: Strategic Funding Raised From Databricks Ventures

By Amit Chowdhry ● Mar 6, 2024

Entrada - a leading Databricks consulting and implementation services firm - announced it received a strategic investment from Databricks Ventures to help scale the firm's next leg of growth. Entrada's focus in the Databricks ecosystem is accelerating time to value with industry-focused Data and AI solutions.

Ares Management Reveals Ansley Park Capital

By Amit Chowdhry ● Mar 6, 2024

Ares Management (a leading global alternative investment manager) announced that funds managed by its Alternative Credit strategy (Ares Alternative Credit) have launched Ansley Park Capital, a newly-formed lending and specialty finance company that delivers full spectrum, customized financing solutions for essential-use and large-ticket equipment.

Team8: $500 Million In Funding Raised To Invest In Companies Focused On Digital Transformation

By Amit Chowdhry ● Mar 6, 2024

Team8 (a leading global fund that builds and invests in companies playing a crucial role in the digital transformation of major sectors) announced the closing of new funds totaling $500 million, bringing its total assets under management (AUM) to well over the $1 billion mark.

appCD: Generative Infrastructure From Code Company Secures $6 Million

By Amit Chowdhry ● Mar 6, 2024

appCD announced it has unveiled early access to its generative Infrastructure from Code (IfC) software and announced $6 million in seed funding. And appCD uses application code to generate Infrastructure from Code automatically, no code annotation or extensive configuration coding required.

RapidSOS: Intelligent Safety Company Raises $150 Million

By Amit Chowdhry ● Mar 6, 2024

RapidSOS - an intelligent safety company - announced an additional $75 million raise led by funds and accounts managed by BlackRock, which closes the company's latest round at $150 million. Also joining in the round included NightDragon, BAM Elevate, Insight Partners, the private investment division of Balyasny Asset Management, Manhattan Venture Partners, Acrew Capital, and Harmonic Growth Partners.

Argentem Creek Partners And Emerge9 Reveal Joint Venture

By Amit Chowdhry ● Mar 6, 2024

Argentem Creek Partners (ACP), an emerging markets specialist investment firm, has partnered with Emerge9, a Miami, FL-based alternative asset platform, to launch a strategic joint venture focused on connecting non-institutional investors to General Partner (GP)- led private equity (PE) investments. The joint venture will combine Emerge9's origination and custom fund solutions with ACP's global relationships and presence across the Middle East, Latin America, and Asia.

Trinity Capital And Electric Hydrogen Announce $50 Million in Equipment Financing

By Amit Chowdhry ● Mar 6, 2024

Trinity Capital (a leading provider of diversified financial solutions to growth-stage companies) announced the commitment of $50 million in equipment financing to Electric Hydrogen, a electrolyzer system manufacturer that produces green hydrogen for critical industries.

Argonaut Manufacturing Services Raises $45 Million

By Amit Chowdhry ● Mar 6, 2024

Argonaut Manufacturing Services - a leading contract development and manufacturing organization serving the biopharma and life sciences industries - announced the completion of a $45 million financing to support its new drug product fill / finish expansion. And this expansion in Carlsbad, CA, underway since early 2023, includes a new dedicated facility with a state-of-the-art isolator-based filling line that more than quadruples Argonaut’s existing drug product fill/finish capacity and augments existing vial filling capabilities with the ability to pre-fill syringes and cartridges for clinical and commercial supply. Argonaut also expects to validate the facility and all equipment in 2025 fully.

Why Haemonetics Is Buying Attune Medical

By Amit Chowdhry ● Mar 6, 2024

Haemonetics Corporation - a global medical technology company focused on delivering innovative medical products and solutions to drive better patient outcomes - announced that it has entered into a definitive agreement to acquire privately-held Chicago-based Attune Medical, the manufacturer of the ensoETM proactive esophageal cooling device - which is the only FDA-cleared temperature regulation device indicated for esophageal protection during radiofrequency (RF) cardiac ablation procedures.

Avista Capital Partners Announces Final Closing Of Healthcare Partners VI At $1.5 Billion

By Amit Chowdhry ● Mar 6, 2024

Avista Capital Partners - a leading New York-based private equity firm focused exclusively on healthcare - announced the final closing of Avista Healthcare Partners VI at $1.5 billion. The Fund - which significantly exceeded its $1.25 billion target - represents one of the largest pools of private capital focused on investments across high-growth middle-market product and technology healthcare companies in North America and Europe.

Why TruArc Partners Is Buying Meyer Laboratory

By Amit Chowdhry ● Mar 6, 2024

TruArc Partners (a private equity firm focused on the middle-market) announced that it has acquired Meyer Laboratory from its owners Russell Meyer and William “Rusty” Meyer. Launched in 1978, Meyer Lab is a manufacturer and distributor of industrial and institutional (I&I) cleaning chemicals and applications systems.

Joby Buying Facility In Ohio: Details

By Amit Chowdhry ● Mar 6, 2024

Joby Aviation - a company developing electric air taxis for commercial passenger service - announced it has acquired an existing facility at Dayton International Airport and started hiring in support of the company’s initial manufacturing operations in Dayton, Ohio.

Why JPMorgan’s Neovest Is Buying LayerOne Financial

By Amit Chowdhry ● Mar 6, 2024

Neovest announced that it has completed the acquisition of LayerOne Financial, a leading investment management platform. And LayerOne Financial is the creator of PortfolioOne, a comprehensive, cross-asset platform designed to address the current, real-world operational challenges facing hedge funds of many sizes and styles.

KKR Names Ruchir Swarup As Chief Information Officer

By Amit Chowdhry ● Mar 6, 2024

KKR announced the appointment of Ruchir Swarup as a Partner and Chief Information Officer, effective immediately. In this role, Swarup will drive KKR’s technology strategy and vision. Based in New York, Swarup will lead the firm’s efforts to embrace new technologies and scale existing technology to create efficiencies and reduce risk.

TollBit Raises Nearly $7 Million To Address Shifting Economics Of Web Content

By Amit Chowdhry ● Mar 6, 2024

TollBit founders Olivia Joslin and Toshit Panigrahi announced the company has raised $7 million for its new platform, TollBit, which aims to address the shifting economics of web content in the age of AI. TollBit enables AI bots and data scrapers to pay websites directly to license their content.

AmaWaterways Raises Significant Investment From L Catterton

By Amit Chowdhry ● Mar 5, 2024

L Catterton (a leading global investment firm) announced that it has entered into a definitive agreement to acquire a significant stake in AmaWaterways (an international, award-winning luxury river cruise line) from a consortium of investors led by Certares. L Catterton joins founders Rudi Schreiner, Kristin Karst, and the Murphy family—all of whom remain committed to supporting the company's long-term growth and innovation in the river cruising industry and will continue to have meaningful ownership in the company.

Why United Rentals Is Buying Yak Access for $1.1 Billion

By Amit Chowdhry ● Mar 5, 2024

United Rentals announced that it has entered into a definitive agreement to acquire Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC (collectively Yak) from Platinum Equity for about $1.1 billion in cash. The deal is expected to close in the first quarter of 2024, subject to limited contractual conditions.

UChicago Medicine and the University of Chicago Partner With MDClone For Improving Healthcare Data Access

By Amit Chowdhry ● Mar 5, 2024

MDClone (a leading analytics and synthetic data company) has partnered with the University of Chicago and UChicago Medicine to establish an ADAMS Center, a unified data-driven epicenter for innovation, research, and quality improvement projects for the health system. ADAMS represents the innovation process of Ask, Discover, Act, Measure, and then Share - focused on generating quicker insights at scale by fostering synergy among teams.

Hamilton Lane: $700 Million In Commitments Closed For Strategic Opportunities Fund VIII

By Amit Chowdhry ● Mar 5, 2024

Hamilton Lane announced the final closing of Hamilton Lane Strategic Opportunities Fund VIII. The Fund represents about $700 million in commitments from a wide range of institutions, including over 50 investors across North America, Asia, EMEA and Latin America.

Why WindRose Health Investors Is Buying CardioOne

By Amit Chowdhry ● Mar 5, 2024

WindRose Health Investors - a New York-based healthcare private equity firm - announced it has completed the acquisition of CardioOne, a physician enablement company built specifically to serve independent cardiologists. And CardioOne enables cardiologists to thrive today while preparing them for the future of value-based care.

Ontario Teachers’ Pension Plan Board Reveals New Leadership Team

By Amit Chowdhry ● Mar 5, 2024

Ontario Teachers' Pension Plan Board announced the appointment of new leaders to oversee the Capital Markets, Total Fund Management, and Global Investment Strategy investment departments, effective immediately.

Nocion Therapeutics: $62 Million Closed To Evaluate Lead Program Taplucanium Dry Powder For Inhalation

By Amit Chowdhry ● Mar 5, 2024

Nocion Therapeutics - a clinical-stage biopharmaceutical company - announced that it has raised $62 million in Series B funding.

HData: $10 Million Raised To Accelerate Energy Sector Data Intelligence

By Amit Chowdhry ● Mar 5, 2024

HData—a company using AI and automation to help the U.S. energy industry file, explore, analyze, and leverage regulatory data—announced the closing of a $10 million Series A funding round led by Buoyant Ventures. The participating investors include Victorum Capital, Hyde Park Venture Partners, Firebrand Ventures, and others.