Innovation

Kirloskar Ferrous Names Ajay Shriram Patil As Joint Managing Director

By Amit Chowdhry ● Sep 21, 2026

Kirloskar Ferrous Industries has appointed Ajay Shriram Patil as Joint Managing Director, adding an industrial executive with 36 years of global leadership experience as the company continues expanding and transforming its operations.

Paragon Capital Management Names Former Azura CEO Trevor Lau As Inaugural Chief Commercial Officer

By Amit Chowdhry ● Sep 21, 2026

Paragon Capital Management has appointed Trevor Lau as its first Chief Commercial Officer, creating a new senior leadership role as the multi-asset investment manager expands its client franchise, fundraising activities and strategic partnerships across Asia.

Mombak Reaches First Close Of $150 Million Amazon Reforestation Fund II And Secures $40 Million BNDES Credit Line

By Amit Chowdhry ● Sep 21, 2026

Mombak has reached the first close of Amazon Reforestation Fund II, its second investment vehicle targeting up to $150 million for large-scale forest restoration in Brazil.

Paymob Raises $35 Million Pre-Series C To Expand Payments Across MENA

By Amit Chowdhry ● Sep 21, 2026

Paymob has raised $35 million in pre-Series C funding to accelerate the expansion of its digital payments platform across the Middle East and North Africa, giving the company additional capital to broaden its merchant network, develop new financial technology products and prepare for the next generation of digital commerce.

PEDEVCO Names Reagan Dukes As Interim CEO As J. Douglas Schick Steps Down

By Amit Chowdhry ● Sep 21, 2026

PEDEVCO has appointed Chief Operating Officer Reagan Tuck Dukes interim President and CEO following the departure of J. Douglas Schick from the company's chief executive role and board. The leadership change became effective September 21, 2026.

PAR Excellence Acquires Terso Solutions To Build Unified Healthcare Inventory Management Platform

By Amit Chowdhry ● Sep 21, 2026

PAR Excellence Systems has acquired Terso Solutions from Promega Corporation, combining two healthcare inventory technology platforms to provide hospitals with a more integrated system for tracking medical supplies, tissue, implants and other high-value products. Financial terms were not disclosed.

National CineMedia Completes $275 Million Captivate Acquisition, Creating 48,000-Screen Advertising Network

By Amit Chowdhry ● Sep 21, 2026

National CineMedia has completed its $275 million acquisition of Captivate Holdings, combining its U.S. cinema advertising platform with Captivate's office and residential digital video network.

L&L Products Launches Toughened T-Link Thermoplastic Adhesive For Carbon-Fiber Composites

By Amit Chowdhry ● Sep 21, 2026

L&L Products has launched Toughened T-Link, a fully amorphous thermoplastic adhesive designed to improve the ductility, flexural performance, energy absorption and impact resistance of layered epoxy carbon-fiber composites.

Makenita Resources Signs Option To Acquire 45,967-Acre Nova Scotia Hydrogen Project

By Amit Chowdhry ● Sep 21, 2026

Makenita Resources has entered into an option agreement to acquire the 45,967-acre Cobequid-Chedabucto Hydrogen Project in Nova Scotia, significantly expanding the Canadian exploration company's portfolio with a district-scale property prospective for natural hydrogen.

Pitney Bowes Accepts $46.5 Million Of Notes Through Cash Tender Offers

By Amit Chowdhry ● Sep 21, 2026

Pitney Bowes has accepted approximately $46.47 million in aggregate principal amount of notes through cash tender offers covering two outstanding debt series. The tender offers expired at 5 p.m. New York City time on September 18, 2026.

Magnachip Secures $5 Million Strategic Investment From Navitas To Expand Silicon Carbide Partnership

By Amit Chowdhry ● Sep 21, 2026

Magnachip Semiconductor has secured a $5 million strategic equity investment from Navitas Semiconductor, deepening a technology partnership focused on high-voltage and ultra-high-voltage silicon carbide power semiconductor products.

Mérieux NutriSciences Adds Peugeot Invest And Conti As Strategic Investors To Support Certified Group Acquisition

By Amit Chowdhry ● Sep 21, 2026

Mérieux NutriSciences is adding Peugeot Invest and Continental Grain Company, or Conti, as strategic minority shareholders to help finance its planned acquisition of Certified Group and support the food testing company's next phase of international growth.

Clearwater Paper Refinances Debt With $475 Million In New Credit Facilities

By Amit Chowdhry ● Sep 21, 2026

Clearwater Paper has completed a refinancing that replaces its senior notes due 2028 and existing revolving credit facilities with $475 million in new committed credit facilities, significantly extending the company's debt maturity profile. The new financing consists of a $200 million revolving credit facility and a $275 million term loan.

Pearson Acquires Assessment Technology Provider ITS To Expand Professional Testing And AI Capabilities

By Amit Chowdhry ● Sep 21, 2026

Pearson has acquired Baltimore-based assessment technology company Internet Testing Systems, expanding its professional assessment business with technology spanning remote testing, proctoring, performance-based assessments, certification maintenance and AI-powered assessment. Financial terms of the acquisition were not disclosed.

Telix To Acquire Radioisotope Supplier ITM For Up To $2.35 Billion To Build Radiopharmaceutical Powerhouse

By Amit Chowdhry ● Sep 21, 2026

Telix Pharmaceuticals has signed an agreement to acquire 100% of ITM Isotope Technologies Munich in a transaction carrying $1.65 billion of upfront consideration and as much as $700 million of additional milestone payments, potentially bringing the total consideration to $2.35 billion.

GridStor Secures $220 Million From ING, KeyBank And Zions For 100 MW Arizona Battery Storage Project

By Amit Chowdhry ● Sep 21, 2026

GridStor has closed a $220 million financing package with ING Capital, KeyBank and Zions Capital Markets to complete development of its White Tank battery energy storage project in Arizona.

T2 Capital Management Launches Base Living To Manage Multifamily, Industrial And Student Housing Properties

By Amit Chowdhry ● Sep 21, 2026

T2 Capital Management has launched Base Living, a wholly owned technology-enabled property management company that will initially oversee more than 850 multifamily units and a one-million-square-foot industrial property.

Generation Mining Raises $240 Million To Advance Marathon Copper-Palladium Project

By Amit Chowdhry ● Sep 21, 2026

Generation Mining has closed a bought-deal public offering and concurrent private placement generating combined gross proceeds of $240 million to advance its 100%-owned Marathon Copper-Palladium Project in northwestern Ontario.

Sombra: Interview With Co-Founder And Chief Technology Officer Yurii Nakonechnyi About AI-First Software Engineering

By Amit Chowdhry ● Sep 21, 2026

Sombra is a software engineering services company that works as a long-term technology partner to help clients extend and scale their engineering capabilities. Its services span custom software development, AI transformation through its AI Lab, and Salesforce services. Pulse 2.0 interviewed Sombra Co-Founder and Chief Technology Officer Yurii Nakonechnyi to learn more.

University Of Michigan Approves $26 Million Renovation Of Lay Auto Lab To Expand EV And Battery Research

By Amit Chowdhry ● Sep 21, 2026

The University of Michigan Board of Regents has approved a $26 million renovation of the Walter E. Lay Automotive Engineering Laboratory, modernizing one of the university's longest-running automotive research facilities and expanding its role in electric vehicle and battery research.

Common Vector Robotics Wins PitchMI Award For Rugged Defense And Aerospace Robots

By Amit Chowdhry ● Sep 21, 2026

Detroit-based Common Vector Robotics has won $425,000 after taking first place in the Defense & Aerospace semifinal of Michigan's PitchMI Startup Competition, providing the company with additional capital as it develops rugged autonomous ground systems for military and other critical field applications.

Walbridge Launches L5 Mission Critical To Expand Data Center Operations Platform As U.S. Capacity Demand Surges

By Amit Chowdhry ● Sep 21, 2026

Walbridge has launched L5 Mission Critical, a new company focused on data center operations and mission-critical services, expanding the Detroit-based construction company's capabilities from project development and construction into long-term operations and facilities management.

Meta Muse Reaches No. 1 On U.S. App Store As Personal AI Agent Gains Early Traction

By Amit Chowdhry ● Sep 21, 2026

Meta's new personal AI agent Muse has climbed to No. 1 among free apps on Apple's U.S. App Store, surpassing ChatGPT roughly a week after launch, according to Business Insider. The early adoption provides a notable boost for Meta's effort to move AI beyond traditional chatbots and toward assistants capable of taking actions on behalf of users.

Artisight Acquires TMG Global To Accelerate AI-Powered Smart Hospital Deployments

By Amit Chowdhry ● Sep 21, 2026

Artisight has acquired TMG Global, bringing the healthcare technology services company's deployment expertise in-house as Artisight scales its AI-powered Smart Hospital platform across U.S. health systems.

TMC Acquires WBQ Engineering To Expand Florida Transportation Engineering Platform

By Amit Chowdhry ● Sep 21, 2026

TMC has acquired WBQ Design & Engineering, expanding the Grovecourt Capital Partners-backed transportation engineering company's capabilities and relationships across Florida's public infrastructure market.

S2S China Selects 10 Biotech Finalists To Pitch Global Investors At Westlake University

By Amit Chowdhry ● Sep 21, 2026

RA Capital Management and Qiming Venture Partners have selected 10 biotech startup teams as finalists for the inaugural S2S China Symposium, an initiative designed to connect academic therapeutics research in China with global biotechnology investors.

Corridor Raises $25 Million Led By Bain Capital Ventures For AI-Native Small Business Benefits Brokerage

By Amit Chowdhry ● Sep 21, 2026

Corridor has launched with $25 million in funding led by Bain Capital Ventures to expand an AI-native employee benefits brokerage designed specifically for small businesses. BoxGroup and Definition Capital also participated alongside angel investors that include founders and executives associated with OpenAI, Modal, Ramp, Scale AI, Oscar, Rogo, Decagon, Medallion, Reducto and Tennr.

Legend Holdings Reportedly Launches Sale Of 90% Stake In Banque Internationale À Luxembourg At €2.5 Billion Valuation

By Amit Chowdhry ● Sep 21, 2026

Legend Holdings has launched a sale process for its nearly 90% stake in Banque Internationale à Luxembourg, with the transaction potentially valuing Luxembourg's oldest private bank at approximately €2.5 billion or more, according to the Financial Times.

Transient Secures Nasdaq Ventures Investment To Expand Bank-Grade AI Governance For Financial Institutions

By Amit Chowdhry ● Sep 21, 2026

Transient.AI has secured a strategic investment from Nasdaq Ventures as part of its Series A financing, adding Nasdaq to a round led by NEXT Investors as the company expands its secure AI operating system for regulated financial markets.

01F Group Invests In DANA To Expand Indonesian Digital Financial Services Platform

By Amit Chowdhry ● Sep 21, 2026

01F Group has made an investment in DANA through its growth-stage fintech private equity arm 01Fintech, backing the Indonesian digital financial services company as digital payments and financial inclusion continue expanding across Southeast Asia. Financial terms of the investment were not disclosed.