Innovation

Wolfspeed: $1.25 Billion Secured Note Financing Led By Apollo Credit Funds Received

By Dan Anderson ● Jun 27, 2023

Wolfspeed - a global leader in silicon carbide technology - announced a $1.25 billion secured note financing from an investment group led by Apollo with an accordion feature for up to an additional $750 million. This financing supports the company’s previously announced U.S. expansion efforts and is a significant step toward achieving the company’s $6.5 billion global capacity expansion plan.

Advantus Health Partners: $2.9 Billion Strategic Collaboration With Medline Announced

By Amit Chowdhry ● Jun 27, 2023

During a grand opening of Medline’s new distribution center in West Jefferson, Ohio, Advantus Health Partners President Dan Hurry spoke this week about the significance of Medline’s unique strategic relationship with Advantus - which will support the improvement of quality patient care and operating performance of Advantus’s growing client base of more than 200 hospitals, 1,700 sites of care and over 600 clinics in 46 states.

Databricks Buying MosaicML In $1.3 Billion: Details

By Amit Chowdhry ● Jun 27, 2023

Databricks recently announced it has entered into a definitive agreement to acquire MosaicML, a leading generative AI platform. Combined, Databricks and MosaicML is looking to make generative AI accessible for every organization, enabling them to build, own and secure generative AI models with their own data. The deal is valued at approximately $1.3 billion, inclusive of retention packages.

IBM Buying Apptio In $4.6 Billion Deal: Details

By Amit Chowdhry ● Jun 26, 2023

IBM announced that it has entered into a definitive agreement with Vista Equity Partners to buy Apptio, a leader in financial and operational IT management and optimization (FinOps) software, for $4.6 billion. The acquisition of Apptio is going to accelerate the advancement of IBM's IT automation capabilities and enable enterprise leaders to deliver enhanced business value across technology investments.

Temple Health Integrates AI-Based Medication Management Solutions In Its Epic EHR

By Annie Baker ● Jun 26, 2023

One of the problems in health systems has been issues with inefficient medication reconciliation processes and the lack of price transparency, which often leads to patients abandoning prescriptions at the pharmacy counter after being surprised by the costs. Health technology company DrFirst recently announced that the 900-bed Temple University Health System (Temple Health) is answering these challenges by integrating AI-powered medication history and real-time prescription benefit checking solutions into its Epic electronic health record (EHR) system.

Purdue University And High Alpha Partnering To Base Programs In Downtown Indianapolis

By Amit Chowdhry ● Jun 23, 2023

Purdue University’s Executive Education programs from the Mitchell E. Daniels, Jr. School of Business and some Purdue Innovates programs in Indianapolis will be housed at High Alpha in the burgeoning Bottleworks District of Indianapolis. The recent announcement builds on Purdue’s commitment announced last week to expand the university’s academic and research excellence to the state capital while investing in and partnering with the city to create new knowledge, build startups, and connect talents with industry.

Aite-Novarica Group And RBR Rebrands To Datos Insights

By Amit Chowdhry ● Jun 23, 2023

Aite-Novarica Group and RBR announced its rebranding as Datos Insights. These companies - both global leaders in financial services technology research and data - merged in February 2022. This new brand represents an expanded vision for the combined company, which builds on its collective reach and resources. And together under the Datos Insights name, they will continue their journey with a new web presence and product enhancements to help clients achieve the most significant possible business impact.

Hun School Of Princeton Students On Working With New Jersey Beekeepers

By Amit Chowdhry ● Jun 22, 2023

The Hun School of Princeton - an all-gender private day and boarding school - announced that through NextTerm - which is a three-week mini-semester designed to offer Hun students an experiential and interdisciplinary academic experience with real-world implications. The Hun students are exploring how the honey bee is deeply connected to human culture and how humans can work to preserve its existence.

Peninsula Fiber Network: $61 Million Federal Grant Awarded

By Amit Chowdhry ● Jun 21, 2023

Peninsula Fiber Network (PFN) announced recently that it has been awarded a major federal grant to install broadband infrastructure in 3 areas across the state of Michigan. And the project includes routes that traverse Michigan’s lakes and unserved/underserved counties and towns, bringing much-needed “middle mile" broadband infrastructure to improve the state’s broadband connectivity.

iCapital Deploys Marketplace To Connect Wealth Managers To Alternative Investment Opportunities

By Amit Chowdhry ● Jun 19, 2023

iCapital - a global fintech platform driving access to alternative investments for the wealth management industry - announced the launch of iCapital Marketplace.

Pecan Street And Local Partnering To Expand Its Energy Equity Research Network

By Amit Chowdhry ● Jun 19, 2023

A three-year $2.5 million grant from the Alfred P. Sloan Foundation to Pecan Street and university and local community partners are going to expand Pecan Street’s household energy research network to four new regions focused on equitable energy: Oklahoma City, central Pennsylvania, Atlanta, and Portland, Oregon. And over 200 homes in traditionally underserved communities will be equipped with Pecan Street’s energy research equipment, addressing a critical data gap for low-income communities and households of color.

Astra And Alloy Are Partnering To Streamline Payment Integrations

By Amit Chowdhry ● Jun 19, 2023

Astra (a leading provider of infrastructure for faster payments) announced a partnership with Alloy (an identity risk management company) to streamline the onboarding process for existing Alloy customers to leverage Astra’s advanced transfer technology in their applications.

Google Utilizes AI To Show How Clothes Look Virtually On People

By Amit Chowdhry ● Jun 15, 2023

Going to a clothing store and trying out various sets of outfits can be a tedious process. This is a problem that Google is solving by bringing the fitting room experience to you.

Google Adding New Features To Lens, Including Skin Condition Search

By Amit Chowdhry ● Jun 15, 2023

Google Lens is an image recognition technology that makes it easier to search what you see and a few new features are being added to it.

Building Your Kids’ Credit Score

By Amit Chowdhry ● Jun 7, 2023

This is how you build your kids' credit score

Carnegie Mellon University Leading NSF AI Institute For Societal Decision Making With $20 Million Commitment

By Amit Chowdhry ● May 9, 2023

The advancement of artificial intelligence and its integration into crisis response can impact society and help save lives. But to actually be effective, artificial intelligence researchers, social scientists, decision-makers, and the public must understand and trust these tools. Led by Carnegie Mellon University, the AI Institute for Societal Decision Making (AI-SDM) is going to improve the response to societal challenges such as disaster management and public health by developing human-centric AI tools to assist with critical decisions. The institute is also going to develop interdisciplinary training to bolster effective and rapid responses in uncertain and dynamic situations. The AI-SDM is 1 of 7 AI institutes awarded today by the National Science Foundation. And a 5-year $20 million commitment from the NSF will support the institute.

Fusion Risk Management Receives Strategic Growth Investment from Great Hill Partners

By Annie Baker ● May 1, 2023

Fusion Risk Management - a leading provider of cloud-based operational resilience, business continuity, and risk management software and services - announced a strategic growth investment from Great Hill Partners.

Super.com: $85 Million Secured To Help Everyday Americans Save Money And Access Credit

By Dan Anderson ● May 1, 2023

Savings super app company Super.com announced a Series C funding round, which closed at $85 million led by Inovia Capital, significantly increasing the valuation of the company since its March 2021 Series B raise.

Stack Identity: Identity And Access Management Company Secures $4 Million

By Noah Long ● May 1, 2023

Stack Identity - a startup that is automating identity and access management (IAM) governance to identify and eliminate cloud data threat vectors - announced its emergence from stealth mode. And the company also revealed the closing of a $4 million seed funding round co-led by WestWave Capital and Benhamou Global Ventures.

Rogers Signs Deal With SpaceX For Satellite-To-Phone Coverage In Canada

By Noah Long ● Apr 27, 2023

Rogers Communications and SpaceX announced the companies have agreed to bring satellite-to-phone coverage nationwide to ensure Canadians stay connected in areas beyond the limits of traditional wireless networks.

Why Bosch Is Buying TSI Semiconductors For $1.5 Billion

By Amit Chowdhry ● Apr 27, 2023

Bosch - which has plans to expand its semiconductor business with silicon carbide chips - announced plans to acquire assets of the U.S. chipmaker TSI Semiconductors, based in Roseville, California. With a workforce of 250, the company is a foundry for application-specific integrated circuits (ASICs).

University Of Miami Launches Miami Engineering Autonomous Mobility Initiative

By Amit Chowdhry ● Apr 19, 2023

The University of Miami College of Engineering announced it has launched the Miami Engineering Autonomous Mobility Initiative (MEAMI), which is a consortium of academic, industry, and government partners aimed at transforming the way we commute and live.

Aspect Biosystems And Novo Nordisk Sign $2.6 Billion Bioprinted Tissue Deal

By Amit Chowdhry ● Apr 14, 2023

Aspect Biosystems recently announced a $2.6 billion collaboration with pharma giant Novo Nordisk to partner on the development of bioprinted tissue therapeutics for diabetes and obesity.

Micron Announces Formation Of Northeast University Semiconductor Network

By Amit Chowdhry ● Apr 11, 2023

Micron Technology has announced the formation of the Northeast University Semiconductor Network. These are the details.

Sony Reveals WF-C700N Wireless Earbuds And WH-1000XM5 Headphones In Midnight Blue Color

By Dan Anderson ● Apr 5, 2023

Sony has announced the addition of the WF-C700N truly wireless earbuds called WF-C700N - which are known as small and lightweight for all-day comfort and feature a great design for those looking for their first pair of truly wireless noise-canceling earbuds. And Sony also announced the WH-1000XM5 in Midnight Blue.

NIO Announces March And First Quarter 2023 Delivery Update

By Amit Chowdhry ● Apr 3, 2023

NIO - a leading company in the premium smart electric vehicle market-based in China - announced its March and first quarter 2023 delivery results.

Apple Pay Enables Consumers To Make Purchases Over Time

By Amit Chowdhry ● Mar 29, 2023

Apple has introduced Apple Pay Later in the U.S.

How Mitiga Helps Companies Avoid An Incident Crisis

By Amit Chowdhry ● Mar 16, 2023

Mitiga is a rapidly growing cloud and SaaS incident response company. This is the story behind Mitiga.

Energous (WATT) Partnering With ams OSRAM For Agricultural Wireless Solutions

By Annie Baker ● Jan 3, 2023

Energous (WATT), a leading developer of RF-based charging for wireless power networks, and ams OSRAM, a global leader in optical solutions, announced a collaboration on a wirelessly powered multi-spectral light sensor for Controlled-Environment Agriculture (CEA) and vertical farming.

Caesars Entertainment Deploys Sports Betting in Ohio (CZR)

By Amit Chowdhry ● Jan 2, 2023

Caesars Entertainment (CZR) announced that its sports betting wagering platform Caesars Sportsbook is officially live on desktops and available for download on iOS and Android for Ohio residents.