Innovation

Thoma Bravo Acquiring Darktrace For $5.315 Billion

By Amit Chowdhry ● Apr 27, 2024

Thoma Bravo announced it had reached an agreement with the Board of Directors at Darktrace, a global leader in cybersecurity artificial intelligence (AI), to acquire the entire issued and to be issued ordinary share capital of Darktrace in cash.

Fairfield University Dolan School Of Business Reveals StartUp Showcase Winning Teams

By Amit Chowdhry ● Apr 26, 2024

Five student teams were selected for this year’s annual Fairfield StartUp Showcase earlier this week at the Regina A. Quick Center for the Arts. Doors open at 6:30 p.m., and the Showcase starts at 7 p.m.

NVIDIA Buying Run:ai To Make AI Computing Resources More Efficient

By Amit Chowdhry ● Apr 26, 2024

NVIDIA announced it is buying Run:ai to help customers use AI computing resources more efficiently. Run:ai is a Kubernetes-based workload management and orchestration software provider.

IBM To Buy Hashicorp In $6.4 Billion Deal

By Amit Chowdhry ● Apr 26, 2024

IBM and HashiCorp (a leading multi-cloud infrastructure automation company) announced they have entered into a definitive agreement under which IBM will buy HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion.

Midi Health: Virtual Care Clinic For Women Raises $60 Million

By Amit Chowdhry ● Apr 26, 2024

Midi Health, a rapidly growing virtual care clinic for women navigating perimenopause and menopause, announced the closing of a $60 million Series B funding round led by Emerson Collective, bringing the company’s total funding raised to date to $100 million.

Infinite Reality Acquiring The Drone Racing League For $250 Million

By Amit Chowdhry ● Apr 26, 2024

Infinite Reality (iR), a leading global provider of virtual and AI-powered immersive experiences, announced it signed a definitive agreement to acquire the Drone Racing League (DRL). This $250 million acquisition supports Infinite Reality's capabilities and IP and boosts its valuation to $3.5 billion.

Nanostics: Funding Raised From The University Of Alberta Innovation Fund

By Amit Chowdhry ● Apr 26, 2024

Nanostics, a precision health company developing diagnostic tests with its ClarityDX platform technology, announced that it received an investment from the University of Alberta Innovation Fund (UAIF) to help drive the adoption of Nanostics' ClarityDX Prostate test in North America.

Xaira Therapeutics: Over $1 Billion Raised To Transform Drug Discovery And Development Processes

By Amit Chowdhry ● Apr 26, 2024

Xaira Therapeutics has launched with a mission to help re-engineer the way we discover and develop medicines through the end-to-end application of emerging AI technologies. A joint incubation by ARCH Venture Partners and Foresite Labs, Xaira launched with over $1 billion of committed capital from lead investors ARCH Venture Partners and Foresite Capital, joined by F-Prime, NEA, Sequoia Capital, Lux Capital, Lightspeed Venture Partners, Menlo Ventures, Two Sigma Ventures, the Parker Institute for Cancer Immunotherapy (PICI), Byers Capital, Rsquared, and SV Angel, and others.

IANS Research: Strategic Investment Raised From The Apax Digital Funds

By Amit Chowdhry ● Apr 26, 2024

IANS Research, a provider of independent research and advisory services for the information security industry, has announced a new strategic funding round from the Apax Digital Fund II (the Apax Digital Funds).

Prime Intellect: Open And Decentralized AI Platform Company Raises $5.5 Million

By Amit Chowdhry ● Apr 26, 2024

Prime Intellect, an open and decentralized AI platform and protocol democratizing access to computing and intelligence, announced a $5.5 million seed funding round co-led by Distributed Global and CoinFund with participation from Compound, Collab+Currency, and Filecoin Creator Juan Benet with Protocol Labs, and renowned angel investors including Hugging Face CEO Clem Delangue.

LiveMode: Strategic Minority Investment Raised From General Atlantic And XP

By Amit Chowdhry ● Apr 26, 2024

Prophet Security: $11 Million Closed To Transform Security Operations

By Amit Chowdhry ● Apr 26, 2024

Prophet Security announced it emerged from stealth with $11 million in seed financing led by Bain Capital Ventures (BCV) with participation from several security leaders and angel investors.

Rockefeller Asset Management Brings In 3 Veteran Portfolio Managers

By Amit Chowdhry ● Apr 25, 2024

Rockefeller Asset Management, the asset management arm of Rockefeller Capital Management, announced it has added three high-yield and investment-grade municipal bond professionals, including Scott Cottier, Managing Director and Portfolio Manager; Mark DeMitry, Senior Vice President and Portfolio Manager; and Michael Camarella, Senior Vice President and Portfolio Manager.

Betterment Buying Digital Investing Accounts From Goldman Sachs

By Amit Chowdhry ● Apr 25, 2024

Silver Creek Capital: Nathan Kelso Named As Chief Technology Officer

By Amit Chowdhry ● Apr 24, 2024

Silver Creek Capital Management, an alternative investment boutique focused on building investment solutions for institutional and sophisticated investors globally, announced that Nathan Kelso has joined the firm as Chief Technology Officer. For over a decade, Kelso was Chief Information Security Officer of Research Affiliates, a leader in smart beta and asset allocation, and earlier worked in a senior information technology role at BlackRock.

CoStar Group To Buy Matterport In $1.6 Billion Deal

By Amit Chowdhry ● Apr 24, 2024

Matterport, a spatial data company leading the digital transformation of the built world, announced that it has entered into a definitive agreement with CoStar Group, a leading provider of online real estate marketplaces, information, and analytics in the property markets, under which CoStar Group will buy all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share, representing an equity value of about $2.1 billion and an enterprise value of about $1.6 billion based on the closing price for CoStar Group common stock on April 19, 2024.

Bruker Signs About A $393 Million Asset Purchase Agreement With NanoString

By Amit Chowdhry ● Apr 24, 2024

Bruker announced that it has entered into a definitive acquisition agreement with NanoString Technologies (based in Seattle, Washington), a leading provider of solutions for spatial transcriptomics and gene expression analysis.

Quanex Building Products To Buy Tyman In $975 Million Deal

By Amit Chowdhry ● Apr 24, 2024

Quanex Building Products announced it had agreed with Tyman on the terms of a recommended cash and share offer. Under this offer, Quanex will buy Tyman's entire issued and to-be-issued share capital for about $1.1 billion in enterprise value.

Givebutter: Nonprofit Fundraising And CRM Platform Company Raises $50 Million

By Amit Chowdhry ● Apr 24, 2024

Givebutter, an all-in-one nonprofit fundraising and CRM platform, announced that it has closed a $50 million strategic growth investment led by BVP Forge (Bessemer Venture Partners' dedicated investment fund for self-sustaining growing companies) and Ardent Venture Partners.

Pelvital: Women’s Health Company Closes $2.32 Million

By Amit Chowdhry ● Apr 24, 2024

Pelvital, a leading women's health company, announced the successful closing of an additional $2.32 million in its seed-plus funding round, closing the round out $500,000 oversubscribed at $5 million. The seed plus funding will be used to expedite the commercialization of Flyte, which Pelvital's novel FDA-cleared revolutionary, accessible, and clinically proven treatment for stress urinary incontinence (SUI) and weakened pelvic floor muscles.

iVEAcare: Medical Device Company Secures $27.5 Million

By Amit Chowdhry ● Apr 24, 2024

iVEAcare, a privately-held development stage Roseville, Minnesota-based medical device company, announced the closing of a $27.5 million Series A financing. The financing was led by Vensana Capital, which Treo Ventures, Hatteras Venture Partners, and an undisclosed strategic partner joined.

AccessHope: $33 Million Secured To Transform How Cancer Expertise Is Delivered

By Amit Chowdhry ● Apr 24, 2024

AccessHope, a company transforming the delivery of leading-edge cancer expertise, announced that it had raised $33 million in a Series B round of funding from the City of Hope, one of the US' largest cancer research and treatment organizations.

Auxa Health: AI-Powered Benefit Navigation Technology Company Raises $5.2 Million

By Amit Chowdhry ● Apr 24, 2024

Auxa Health, an AI-powered benefit navigation technology solution that works with payers and providers to enable consumers to access care more efficiently and effectively, announced a $5.2 million seed round led by Zeal Capital Partners. Participation came from existing investor AlleyCorp and new investors K50 Ventures, Laconia Capital Group, and Chaac Ventures.

Planoly To Buy Creator Monetization Company Snipfeed

By Amit Chowdhry ● Apr 24, 2024

Planoly, a leading social media management platform for creators and small businesses, announced the acquisition of Snipfeed, a popular creator monetization tool. This strategic move enhances Planoly's commitment to empowering creators to turn their passions into profitable businesses.

Rippling: Workforce Management Company Raises $200 Million At $13.5 Billion Valuation

By Amit Chowdhry ● Apr 23, 2024

Workforce management platform Rippling announced it has raised $200 million in a Series F funding round. This funding round values the company at $13.5 billion.

Curio: Nuclear Technology Company Raises $14 Million

By Amit Chowdhry ● Apr 23, 2024

Curio Legacy Ventures, a Washington, DC-based company dedicated to advancing a closed fuel cycle through innovative technologies like NuCycle, a transformative nuclear waste recycling technology, announced the successful closing of its seed round, which raised $14 million. This achievement is a significant step forward in the company's goal to establish clean nuclear power as a catalyst for global prosperity and sustainability.

Cognitus: Strategic Growth Investment Raised From Siguler Guff And Haven Capital Partners

By Amit Chowdhry ● Apr 23, 2024

Cognitus, an SAP software solutions provider and digital transformation business, announced that it has secured a growth investment from Siguler Guff & Company, a multi-strategy private markets investment firm with over $16 billion in assets under management (AUM), and Haven Capital Partners (HCP), a private investment firm focused on the technology services, healthcare, and education industries.

Main Street Invests $36.6 Million In 5 Portfolio Companies

By Amit Chowdhry ● Apr 23, 2024

Main Street Capital Corporation announced that since year-end, it has invested $36.6 million in five existing lower middle market portfolio companies: Centre Technologies Holdings, Pearl Meyer Topco, SI East, Slick Innovations, and Bolder Panther Group.

Bristol Myers Squibb Signs $380 Million Deal With Cellares

By Amit Chowdhry ● Apr 23, 2024

Bristol Myers Squibb and Cellares, which is the first Integrated Development and Manufacturing Organization (IDMO) dedicated to clinical and industrial-scale cell therapy manufacturing, announced a worldwide capacity reservation and supply agreement for the manufacture of CAR T cell therapies valued at up to $380 million in upfront and milestone payments.

The Founders Arena Reveals Startups In The Second Annual WealthTech Accelerator

By Amit Chowdhry ● Apr 23, 2024

The Founders Arena WealthTech Accelerator, in partnership with First Rate SEI, Republic Capital Group, the City of Arlington, and the Arlington Economic Development Corporation, announced the selection of the next cohort of companies that will join its second global accelerator program beginning today.