Innovation

Neuberger Berman: First Interval Fund Launched

By Amit Chowdhry ● Aug 24, 2025

Neuberger Berman has launched the NB Asset-Based Credit Fund, its first interval fund aimed at individual investors. The fund is managed by the Specialty Finance group and aims to provide a high level of current income. It does this by investing in short-term, asset-based credit across several sectors, including receivables lending, consumer finance, small businesses, real assets, revenue-based loans, and public asset-based securities.

Inflexion Selling European LifeCare Group

By Amit Chowdhry ● Aug 24, 2025

Inflexion, a major private equity firm in Europe, has agreed to sell its investment in European LifeCare Group (ELCG), the largest vaccination provider in Europe, to another European private equity group.

Blackstone To Buy Shermco For About $1.6 Billion

By Amit Chowdhry ● Aug 24, 2025

Blackstone has announced that its private equity funds will acquire Shermco for about $1.6 billion. Shermco is a leading company that provides comprehensive electrical equipment services throughout the entire life cycle. It is being sold by private investment firm Gryphon Investors.

Macquarie Asset Management: $405 Million Secured For Vertelo

By Amit Chowdhry ● Aug 24, 2025

Macquarie Asset Management (MAM) has raised $405 million for Vertelo, a platform focused on electrifying fleets in India. This funding includes $205 million from institutional investors and $200 million in concessional capital from the Green Climate Fund (GCF). Other supporters include the Macquarie Green Energy Transition Solutions Fund (MGETS), Allianz Global Investors, and Australian Ethical.

Basic Capital: $25 Million Series A Raised For 401(k) Platform

By Amit Chowdhry ● Aug 24, 2025

Basic Capital, a 401(k) platform, recently raised $25 million in a Series A funding round. This funding was led by Forerunner and Lux Capital, with contributions from SV Angel, Box Group, and notable investors like Henry Kravis. New investors include HOF Capital and Inspired Capital.

ScienceLogic: Interview With Co-Founder & CEO Dave Link About The Evolution Of AI, Automation, And Observability

By Amit Chowdhry ● Aug 24, 2025

ScienceLogic is a leading software and service vendor that delivers intelligent automation and observability solutions for AIOps (Artificial Intelligence for IT Operations) and IT Operations Management (ITOM). Pulse 2.0 interviewed ScienceLogic founder and CEO Dave Link to gain a deeper understanding of the company.

Thoma Bravo Taking Dayforce Private In $12.3 Billion Deal

By Amit Chowdhry ● Aug 23, 2025

Dayforce, a leader in human capital management (HCM) technology, has agreed to become a privately held company in an all-cash deal valued at $12.3 billion with Thoma Bravo, a renowned software investment firm.

Hildene Capital: $496.3 Million Non-QM Loan Securitization Closed

By Amit Chowdhry ● Aug 23, 2025

Hildene Capital Management, a prominent alternative asset manager specializing in credit strategies, has announced the successful closing of the CROSS 2025-H6 securitization, which amounts to an impressive $496.3 million. This latest securitization is backed by a diversified pool of 968 non-qualified residential mortgage (non-QM) loans, which are typically loans that do not meet the standard criteria set by government-sponsored entities.

University Of South Carolina And The Nuclear Company Partnering On New Innovations

By Amit Chowdhry ● Aug 23, 2025

The Nuclear Company has opened its main engineering and construction office in Columbia, S.C.. And it has formed a partnership with the University of South Carolina’s Molinaroli College of Engineering and Computing. This collaboration aims to establish South Carolina as a national hub for advanced nuclear energy innovation, workforce development, and economic growth.

Astro Mechanica: Investment Raised From United Airlines Ventures

By Amit Chowdhry ● Aug 23, 2025

United Airlines Ventures (UAV), the venture capital arm of United Airlines, announced an investment in aerospace startup Astro Mechanica. Astro Mechanica's adaptive propulsion concept and advanced airframe design have the potential to unlock supersonic aircraft with near-term applications for national defense, orbital launch, and long-range cargo delivery.

StackGen Buying OpsVerse To Advance Autonomous Infrastructure Vision

By Amit Chowdhry ● Aug 23, 2025

StackGen, a leader in autonomous infrastructure technology, has acquired OpsVerse, a provider of AI-powered DevOps automation solutions. This acquisition brings OpsVerse's main product, Aiden —an intelligent DevOps assistant that utilizes AI to automate tasks and provide insights —into StackGen's platform, thereby strengthening the company’s AI capabilities.

Sonny’s Enterprises Buying WashMetrix To Advance Quivio Vision

By Amit Chowdhry ● Aug 23, 2025

Sonny’s Enterprises is the largest maker of conveyorized car wash equipment, parts, and services. It has acquired WashMetrix, a top platform for business insights and performance management. This deal will help make Sonny’s Quivio system grow faster and strengthen its role as a reliable partner in managing car wash businesses.

Vertiv: Great Lakes Data Racks & Cabinets Acquisition Completed

By Amit Chowdhry ● Aug 23, 2025

Vertiv Holdings, a company that provides critical digital infrastructure, has successfully completed its acquisition of Great Lakes Data Racks & Cabinets. Great Lakes is a top manufacturer of data rack enclosures and infrastructure solutions. This acquisition, valued at about $200 million, strengthens Vertiv's offerings for racks, cabinets, and integration solutions.

Accenture Buying Superdigital To Enhance Influencer Marketing

By Amit Chowdhry ● Aug 23, 2025

Accenture has acquired Superdigital, a social and influencer agency based in the U.S. Superdigital will join Accenture Song to improve social marketing services for clients. This includes audience strategy, community engagement, content creation, commerce, and measurement.

Lambda: $275 Million Syndicated Senior Secured Credit Facility Closed

By Amit Chowdhry ● Aug 23, 2025

Lambda, the Superintelligence Cloud, has secured a $275 million loan to support its business growth. J.P. Morgan led this loan, with other banks, including Citi, MUFG, and Crédit Agricole, also participating. This funding will enable Lambda to expand its AI data centers and GPU servers to meet the increasing demand from businesses and superintelligence clients.

Simplicity Buying Northeast Brokerage To Enhance Market Position

By Amit Chowdhry ● Aug 23, 2025

Simplicity Group Holdings, a leading player in the financial products distribution sector, has announced its acquisition of Northeast Brokerage, a brokerage general agency (BGA) located in New England. Northeast Brokerage is known for its specialized focus on point-of-sale solutions tailored for financial institutions, property and casualty (P&C) agencies, and various professional firms.

Incode Buying AuthenticID To Enhance Identity Fraud Platform

By Amit Chowdhry ● Aug 23, 2025

Incode Technologies, a leader in AI identity and trust technologies, has acquired AuthenticID. This acquisition aims to enhance Incode’s mission of ensuring digital trust as GenAI fraud increases and AI agents become more prevalent.

Curewell Capital: Inaugural Fund Closed At $535 Million

By Amit Chowdhry ● Aug 23, 2025

Curewell Capital, a private equity firm specializing in the enhancement and development of industry-leading middle-market healthcare companies, has proudly announced the successful closing of its inaugural fund, Curewell Capital I. This fund, which reached a hard cap of $535 million, achieved an impressive milestone by completing its fundraising in a single closing event, less than five months after its official launch.

KnowledgeLake: $65 Million Raised For AI-Based Workflow Automation

By Amit Chowdhry ● Aug 23, 2025

KnowledgeLake, a prominent leader in AI-based workflow automation, has successfully secured a substantial growth investment of $65 million from Edison Partners. This investment was supported by contributions from the company’s management team and existing shareholders, demonstrating strong internal backing for the company’s vision and growth strategy.

Highway: Growth Equity Investment Raised For Carrier Identity Solutions In Logistics

By Amit Chowdhry ● Aug 23, 2025

Highway is a leading technology platform for Carrier Identity solutions in logistics. The company recently received a growth investment led by FTV Capital, with additional support from Lead Edge Capital.

EliseAI: $250 Million Series E Raised To Automate Healthcare And Housing Systems

By Amit Chowdhry ● Aug 23, 2025

EliseAI, a company that automates healthcare and housing systems, has raised $250 million in its Series E funding round. This round was led by Andreessen Horowitz (a16z) and included new investor Bessemer Venture Partners, as well as current investors Sapphire Ventures and Navitas Capital.

MedMe Health: Growth Capital Raised From CIBC Innovation Banking

By Amit Chowdhry ● Aug 23, 2025

CIBC Innovation Banking has announced the provision of a growth-focused credit facility to MedMe Health, a company poised for significant expansion in the pharmacy care sector. This financing will be instrumental for MedMe as it seeks to broaden its product offerings and scale its operations throughout North America, positioning itself to meet the increasing demands of the healthcare market.

Arcade Acquires Upduo and Unveils ‘AI Sales Leader’ For Retail Performance Management

By Amit Chowdhry ● Aug 23, 2025

Mission Wealth Merging With Hamilton Walker Advisers

By Amit Chowdhry ● Aug 23, 2025

Hamilton Walker Advisers, a financial planning firm in San Francisco, has merged with Mission Wealth Management, LP. This merger, announced on the firm's website, is Mission Wealth’s third expansion in 2025 and strengthens its presence in the Bay Area. The two firms will collaborate to offer personalized financial advice, with a focus on long-term impact and education.

E Source Buying Opinion Dynamics For Enhancing Utility Program Evaluation And Advisory Services

By Amit Chowdhry ● Aug 23, 2025

E Source is a company that provides solutions for customers and the utility sector, which acquired Opinion Dynamics, a leading firm that evaluates programs and offers advice focused on customer needs and grid management.

Datacor Buying Manufacturing Intelligence Software Leader Informetric Systems

By Amit Chowdhry ● Aug 23, 2025

Datacor, a prominent leader in the development of software tailored for process manufacturing, chemical distribution, and engineering, has made a significant move by acquiring Informetric Systems.

truckstop.com Buying Denim For Transportation-Focused Financial Technology

By Amit Chowdhry ● Aug 23, 2025

truckstop.com has acquired Denim, a transportation-focused financial technology company specializing in factoring services that automate invoicing and streamline back-office processes.

Aalo Atomics: $100 Million Raised For Modular Nuclear Plants For AI Data Centers

By Amit Chowdhry ● Aug 23, 2025

Aalo Atomics has raised $100 million in Series B funding to develop modular nuclear plants that will power AI data centers. The funding round, led by Valor Equity Partners, included contributions from various investors, bringing Aalo's total funding to over $136 million.

Saab Buying Deform To Strengthen Supply Chain For Submarine Production

By Amit Chowdhry ● Aug 23, 2025

Saab and Deform AB, based in Degerfors, Sweden, are expanding their partnership following Saab’s acquisition of Deform. This strategic move aims to enhance the security of supply for the Swedish defense industry and reinforces the ongoing collaboration between the two companies.

Iantrek: $42 Million Series C Raised For Interventional Glaucoma Therapy

By Amit Chowdhry ● Aug 23, 2025

Iantrek, a leader in bio-interventional ophthalmic surgery (BIOS), has closed a $42 million Series C financing round. These funds will support the U.S. launch of AlloFlo Uveo, a novel surgical solution targeting the uveoscleral pathway, and will help expand the company’s product pipeline. The Series C was led by U.S. Venture Partners (USVP), with participation from aMoon Fund and existing investors, including Visionary Ventures and Sectoral Asset Management.