Innovation

PayRewards Raises $28 Million Series E To Enter U.S. As Parent Processes $7 Billion+ Annually

By Amit Chowdhry ● Aug 27, 2026

PayRewards has raised $28 million in Series E funding and launched in the U.S., bringing total capital raised across the business to approximately $70 million.

Levanta Raises $22 Million Series B As Revenue Grows 80% And Creator Network Tops 90,000

By Amit Chowdhry ● Aug 27, 2026

Levanta has raised $22 million in Series B funding as the creator commerce platform expands beyond Amazon into a broader network spanning Walmart, Shopify and additional retail marketplaces.

Continuim Equity Partners Acquires Majority Stake In Resodyn

By Amit Chowdhry ● Aug 27, 2026

Continuim Equity Partners has acquired a majority interest in Resodyn Corporation and the assets of Resodyn Acoustic Mixers while also providing additional growth capital to support the expansion of the industrial mixing technology company. The transaction represents the fifth platform investment from Continuim Equity Partners Fund II and the firm's 11th platform acquisition overall.

Apollo Funds Invest In Atlantic Aviation At Nearly $10 Billion Valuation As KKR Retains Significant Stake

By Amit Chowdhry ● Aug 27, 2026

Apollo-managed funds have acquired a significant interest in Atlantic Aviation through a strategic partnership with KKR that values the private aviation infrastructure platform at nearly $10 billion. KKR-managed funds will remain a substantial shareholder.

GenNx360 Capital Partners Closes Record $865 Million Fund IV As Realizations Top $2 Billion In 2.5 Years

By Amit Chowdhry ● Aug 27, 2026

GenNx360 Capital Partners has closed its fourth flagship fund with $865 million in commitments, exceeding its target and marking the largest fundraise in the private equity firm's history.

Grainger Acquires Adroit Worldwide Media Technology Assets For $210 Million

By Amit Chowdhry ● Aug 27, 2026

W.W. Grainger has acquired technology, intellectual property and talent assets from Adroit Worldwide Media for $210 million in cash, expanding the industrial distributor's inventory management capabilities within its High-Touch Solutions North America segment.

Arcline Completes AstroNova Acquisition For $29 Per Share In All-Cash Deal

By Amit Chowdhry ● Aug 27, 2026

Arcline Investment Management has completed its acquisition of AstroNova, taking the aerospace and product identification technology company private in a transaction that expands Arcline's portfolio of specialized industrial technology businesses. Under the terms of the transaction, Arcline affiliates acquired all outstanding shares of AstroNova for $29 per share in cash.

Volato To Merge With Alignment Engine In $500 Million AI Infrastructure Deal With Path To 480 MW

By Amit Chowdhry ● Aug 27, 2026

Volato Group has entered into a definitive agreement to merge with Alignment Engine in a transaction valuing the AI infrastructure company at approximately $500 million, positioning the publicly traded company for a significant shift toward high-performance computing, artificial intelligence infrastructure and data center development.

Trace3 To Acquire Calian’s U.S. Commercial IT Business To Expand Managed Services Platform

By Amit Chowdhry ● Aug 27, 2026

Trace3 has agreed to acquire Calian Group's U.S. Commercial IT operations through a carve-out transaction, expanding its managed services, infrastructure, and technology delivery capabilities across the U.S. The acquisition is expected to close next month, subject to customary closing requirements.

Faro AI Raises $37.3 Million Series B As Platform Reaches 6 Of World’s 10 Largest Pharma Companies

By Amit Chowdhry ● Aug 27, 2026

Faro AI has raised $37.3 million in Series B funding to expand its agentic AI platform for clinical development, as pharmaceutical companies increasingly turn to artificial intelligence to improve clinical trial design and execution. Merck Global Health Innovation Fund and S32 co-led the financing. Existing investors General Catalyst, Northpond Ventures, Polaris Partners, PTX Capital and Zetta also participated, alongside new investor Ankona Capital.

Instinct Raises $250 Million At $2.5 Billion Valuation As AI Assistant Goes Viral In Silicon Valley

By Amit Chowdhry ● Aug 27, 2026

Instinct, an AI assistant developed by Spear Street Technology, is raising $250 million in Series B funding at a $2.5 billion valuation as the product gains traction among Silicon Valley technologists, according to a Wall Street Journal report. The round is being co-led by Index Ventures and Benchmark.

Voya Energy Raises $35 Million Series A As Metal Fuel System Targets 100 MW And 10 GWh Per Acre

By Amit Chowdhry ● Aug 27, 2026

Voya Energy has raised $35 million in Series A funding and unveiled an aluminum-based metal fuel system designed to provide large-scale electricity without combustion or dependence on the utility grid.

Nuveen: CPACE Lending Fund IV Tops $1 Billion First Close As Series Commitments Reach $3 Billion

By Amit Chowdhry ● Aug 27, 2026

Nuveen and Nuveen Green Capital have completed a first close exceeding $1 billion for Nuveen CPACE Lending Fund IV, bringing total commitments across the four-vintage fund series to approximately $3 billion since the strategy launched in 2023.

NTT DATA To Acquire Netgain, Creating Sweden’s Largest Pure-Play ServiceNow Company

By Amit Chowdhry ● Aug 27, 2026

NTT DATA has agreed to acquire Netgain AB and combine it with The Cloud People, creating what the company describes as Sweden's largest pure-play ServiceNow business. The acquisition is expected to close within weeks, subject to customary regulatory approvals and other closing conditions.

Arintra Raises $25 Million Series B As AI Revenue Platform Processes $5 Billion In Annual Claims

By Amit Chowdhry ● Aug 27, 2026

Arintra has raised $25 million in Series B funding to expand its AI-powered healthcare revenue assurance platform, bringing the company's total funding since inception to $51 million.

Swvl Raises $13 Million PIPE Led By Sawiris-Backed Coefficient As U.S. Expansion Begins

By Amit Chowdhry ● Aug 27, 2026

Swvl Holdings has entered into a definitive agreement for a $13 million private placement led by Coefficient, an investment firm backed by the Sawiris family, providing the mobility technology company with additional capital to accelerate its U.S. expansion, introduce new financial products and strengthen its balance sheet.

Perma-Pipe Secures Up To $139 Million Global Credit Facility From J.P. Morgan

By Amit Chowdhry ● Aug 27, 2026

Perma-Pipe International Holdings has closed a new global credit facility with J.P. Morgan providing up to $139 million of total financing capacity, giving the engineered piping and infrastructure company additional flexibility to support working capital, international expansion, and strategic investments.

Mountain Ridge Capital Provides $15 Million Senior Secured Facility For 70+ Store Apparel Retail Acquisition

By Amit Chowdhry ● Aug 27, 2026

Mountain Ridge Capital has closed a $15 million senior secured credit facility supporting the acquisition of an apparel retailer with more than 70 stores.

Perion Acquires PRN For Up To $12 Million, Adding In-Store Media Across Thousands Of Retail Locations

By Amit Chowdhry ● Aug 27, 2026

Perion has acquired in-store retail media company PRN for up to $12 million in cash, expanding its digital out-of-home and retail media capabilities across major North American retailers.

Quaise Energy Raises $180 Million Series B To Build First Superhot Geothermal Plant

By Amit Chowdhry ● Aug 27, 2026

Quaise Energy has closed a $180 million Series B financing round, including a $35 million strategic investment from Nabors Industries, bringing the geothermal technology company's total funding to $280 million. The financing will support Project Obsidian, which Quaise describes as the world's first commercial superhot geothermal power plant.

Core Scientific Secures $600 Million Credit Facilities From Morgan Stanley, JPMorgan, Goldman Sachs And TD

By Amit Chowdhry ● Aug 27, 2026

Core Scientific has secured $600 million of committed senior secured credit facilities designed to increase financial flexibility as the digital infrastructure company expands its high-density colocation business. The financing consists of a $100 million revolving credit facility and a $500 million letter of credit facility.

Avaloq Names Nidhi Singh Chief Product And Development Officer As Wealth Technology Roadmap Advances

By Amit Chowdhry ● Aug 27, 2026

Avaloq has appointed Nidhi Singh as Chief Product and Development Officer and a member of its Group Executive Board, effective September 7, strengthening the company's senior leadership across product strategy, engineering and technology development.

Balentine Acquires Valuation Growth Advisory In All-Stock Deal

By Amit Chowdhry ● Aug 27, 2026

Balentine has acquired Valuation Growth Advisory in an all-stock transaction, expanding the independent wealth manager's business advisory capabilities for entrepreneurs and multigenerational families. Balentine advises on more than $9 billion in assets.

Greycourt Names Mike Meehan CIO And Promotes Mark Thomas To Chief Investment Strategist

By Amit Chowdhry ● Aug 27, 2026

Greycourt has appointed Michael J. Meehan as Managing Director and Chief Investment Officer while promoting Mark Thomas to Chief Investment Strategist as the investment advisory firm expands its senior investment leadership.

Hilco Global Names Andrew Hede Vice Chairman Of Professional Services

By Amit Chowdhry ● Aug 27, 2026

Hilco Global has appointed Andrew Hede as Vice Chairman of Hilco Global Professional Services, adding a restructuring and transformation executive with more than 30 years of experience.

One iota: Interview With CEO Joe Till About Omnichannel Retail Technology

By Amit Chowdhry ● Aug 27, 2026

One iota develops retail technology that connects digital and physical shopping experiences through endless aisle solutions, in-store applications, and tools that give store teams access to inventory across multiple locations. Pulse 2.0 interviewed One iota CEO Joe Till to learn more.

Starship: Interview With VP Of Hardware Engineering Chris Smith About Autonomous Delivery Robots

By Amit Chowdhry ● Aug 27, 2026

Starship designs and operates fleets of six-wheeled autonomous robots that deliver food, groceries, and other supplies across suburban neighborhoods, cities, and industrial sites. Its delivery system combines fleet orchestration, Level 4 autonomous robots, and logistics operations to automate last-mile delivery. Pulse 2.0 interviewed Starship VP of Hardware Engineering Chris Smith to learn more.

Velocity Financial To Acquire Toorak Platform And Manage $3 Billion Loan Portfolio In $3.2 Billion Transactions

By Amit Chowdhry ● Aug 27, 2026

Velocity Financial has entered into a definitive agreement to acquire Toorak Capital's operating platform, while a third-party investment firm will separately acquire Toorak's approximately $3 billion portfolio of business-purpose loans.

Percent Names Bina Shetty CCO And Cecil Smart CCO As Private Credit Volume Tops $2 Billion And AUM Reaches $346.9 Million

By Amit Chowdhry ● Aug 27, 2026

Percent has appointed Bina Shetty as Chief Commercial Officer and Cecil Smart as Chief Credit Officer as the private credit platform expands its asset management business and surpasses $2 billion in total transaction volume.

Nvidia Reportedly Acquiring Hugging Face For $12.9 Billion

By Amit Chowdhry ● Aug 27, 2026

Nvidia has agreed to acquire Hugging Face for $12.9 billion, according to a report from The Information citing a person with knowledge of the agreement. The transaction would give Nvidia control of one of the most important platforms in the open-source artificial intelligence ecosystem.