Innovation

SES Buying Intelsat In A $3.1 Billion Deal

By Amit Chowdhry ● May 7, 2024

SES S.A. and Intelsat S.A. announced an agreement for SES to buy Intelsat through the purchase of 100% of the equity of Intelsat Holdings S.a.r.l. for a cash consideration of $3.1 billion (€2.8 billion) and certain contingent value rights.

Shutterstock Buying Envato In $245 Million Deal

By Amit Chowdhry ● May 7, 2024

Shutterstock, a leading global creative platform that offers creative content for transformative brands, digital media and marketing companies, announced that it entered into a definitive agreement to acquire Envato Pty Ltd., a leader in digital creative assets and templates. Envato's flagship product Elements is an innovative subscription offering unlimited downloads of various assets, templates, etc.

Kelly Buying Specialty Talent Company Motion Recruitment Partners In $425 Million Deal

By Amit Chowdhry ● May 7, 2024

Global specialty talent solutions provider Kelly announced it has entered into a definitive agreement to buy Motion Recruitment Partners (MRP) from Littlejohn & Co., a private investment firm based out of Greenwich, Connecticut.

EQT Buying Perficient In A Deal Valued At About $3 Billion

By Amit Chowdhry ● May 6, 2024

Global digital consultancy company Perficient announced that it has entered into a definitive agreement to be acquired by a BPEA Private Equity Fund VIII (EQT Asia) affiliate in an all-cash deal that will value Perficient at about $3 billion.

Netskrt Systems: Content Delivery Network Provider Raises C$10 Million

By Amit Chowdhry ● May 6, 2024

Netskrt Systems, a Content Delivery Network (CDN) provider uniquely focused on improving over-the-top (OTT) streaming video quality at the network edge, announced that it has secured C$10 million equity financing from Yaletown Partners, InBC Investment Corp, and Credit Mutual Equity.

Synopsys To Sell Software Integrity Business To Clearlake And Francisco Partners In $2.1 Billion Deal

By Amit Chowdhry ● May 6, 2024

Synopsys announced it has entered into a definitive agreement with Clearlake Capital Group, L.P. and Francisco Partners to sell its Software Integrity Group business in a transaction valued at up to $2.1 billion. Up to $475 million in cash will be payable upon Francisco Partners and Clearlake hitting a specified rate of return in connection with one or more liquidity transactions. Upon the deal’s completion, the business will emerge as a newly independent application security testing software provider.

CoreWeave: AI Cloud Provider Company Raises $1.1 Billion

By Amit Chowdhry ● May 6, 2024

CoreWeave, a leading specialized cloud provider for AI, announced it raised $1.1 billion in new funding led by Coatue, with participation from Magnetar, who led the last primary round, and Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management. The new funding round will support the rapid growth across all business areas and CoreWeave's expansion into new geographic regions to meet the explosive demand for GPU-accelerated cloud infrastructure worldwide.

Baselayer: $6.5 Million Raised To Use AI For Fighting Fraud In The Banking System

By Amit Chowdhry ● May 6, 2024

Baselayer, a B2B platform company that leverages proprietary Graph AI technology to combat fraud and optimize business onboarding, announced it emerged from stealth mode with a $6.5 million seed round. The seed funding round was 5x oversubscribed and included investments from Torch Capital, Afore Capital, Founder Collective, Picus Capital, Gilgamesh Ventures, and notable financial industry executives, including Eric Woodward, former President of Early Warning Services, Jason Mikula, executives from Stripe, Brex, Valley Bank, Airbase, and 15 other fintech founders.

Colbeck Capital: Jared Talisman Joins As Managing Director And Head Of Originations

By Amit Chowdhry ● May 6, 2024

Colbeck Capital Management, a middle-market private credit manager focused on strategic lending, announced today that Jared Talisman has joined the firm as a Managing Director and Head of Originations. Talisman most recently served as a Managing Director at Principal Alternative Credit, where he led and managed the sourcing, structuring, and due diligence of non-sponsored private credit investments.

Securitize: Real World Asset Tokenization Company Raises $47 Million

By Amit Chowdhry ● May 6, 2024

Securitize, a leader in tokenizing real-world assets, announced the successful completion of a $47 million funding round led by BlackRock. This strategic investment also includes funding from Hamilton Lane, ParaFi Capital, and Tradeweb Markets. In connection with the financing, Joseph Chalom, BlackRock's Global Head of Strategic Ecosystem Partnerships, has been appointed to Securitize's Board of Directors.

Cartherics: An Innovative Company Developing Cellular Immunotherapy Cancer Treatments

By Amit Chowdhry ● May 6, 2024

Cartherics is a biotechnology company focused on developing innovative cancer therapies. Pulse 2.0 interviewed Cartherics CEO Prof. Alan Trounson to learn more about the company.

BAXUS: Collectible Spirit Marketplace Company Raises $5 Million

By Amit Chowdhry ● May 6, 2024

BAXUS, a global marketplace for collectible spirits, announced a $5 million seed round led by Multicoin Capital. Significant contributions came from Solana Ventures, Narwhal Ventures, FJ Labs, and some high-profile angel investors.

Lendbuzz: $100 Million Warehouse Facility With Mizuho Americas Secured

By Amit Chowdhry ● May 6, 2024

Lendbuzz, an AI-based fintech company that helps consumers attain better access to credit when buying a vehicle, announced today that it has closed a $100 million warehouse facility with Mizuho Americas.