Innovation

DXC Technology And ServiceNow Expanding Strategic Partnership

By Amit Chowdhry ● Nov 30, 2023

DXC Technology (a leading Fortune 500 global technology services company) and ServiceNow (a leading digital workflow company making the world work better for everyone, have expanded their strategic partnership to transform service and workflow management for customers globally).

Cantai Therapeutics: Seed Funding Completed In Round Co-Led By Agent Capital And 82VS

By Dan Anderson ● Nov 29, 2023

Cantai Therapeutics recently announced the formation and completion of a seed financing co-led by Agent Capital and 82VS (the affiliated venture studio of Alloy Therapeutics) with additional participation from Tellus BioVentures. The proceeds from the funding will be used to develop drug candidates to treat autoimmune and inflammatory disorders by developing cytokine-targeting bispecific antibodies that meaningfully improve the status quo for the millions of patients suffering from immune-mediated and autoimmune diseases.

Firefly Aerospace: Series C Tranche Raised, Hitting About $300 Million To Date

By Amit Chowdhry ● Nov 26, 2023

Firefly Aerospace - an end-to-end space transportation company - recently announced the closing of another tranche of financing, valuing the company at $1.5 billion pre-money. The funding round is being led by existing investors, including AE Industrial Partners, LP, and new investors, including Mitsui & Co., Ltd. Firefly has raised approximately $300 million in funding since February 2023.

ZeitLife Receives Investment From National Kidney Foundation’s Innovation Fund

By Dan Anderson ● Nov 22, 2023

The National Kidney Foundation (NKF) recently announced its latest investment through the NKF Innovation Fund. ZeitLife Transplant Innovations is a global medical device company specializing in advancing technologies to modernize kidney preservation and logistics.

Next DLP Partners With Torq And Signs Rivian As A Customer To Prevent Data Loss And IP Theft

By Annie Baker ● Nov 20, 2023

Next DLP - a leader in insider risk and data protection - recently announced a strategic partnership with security hyperautomation pioneer Torq in a deal designed to combat insider risk through heightened detection and automated response actions. And electric adventure vehicle company Rivian will utilize the deep visibility provided by the joint solution to shine a light on insider risk to prevent accidental data loss and stop malicious theft of valuable intellectual property. This will fully integrate Next DLP's Reveal Platform, a user-centric, flexible, cloud-native, AI/ML-powered cybersecurity solution, with the enterprise-grade Torq Hyperautomation platform, which automates and connects complex security infrastructures at a dramatic scale.

Emerging Travel Group Reports Turnover Of More Than $2 Billion

By Amit Chowdhry ● Nov 18, 2023

Emerging Travel Group - a global travel company operating the RateHawk, ZenHotels, and Roundtrip brands - recently announced its turnover of over $2 billion in the first three quarters of 2023, as the third quarter saw record revenue. And the Group's net booking value is up 40% in Q1-Q3 2023 compared to the same period in 2022. This record performance has supported a strong first nine months overall.

Almond FinTech: $7 Million Raised To Bridge Fiat And Digital Currency

By Dan Anderson ● Nov 17, 2023

Almond FinTech - a B2B technology company bridging the worlds of fiat and digital currency - recently announced a new funding milestone of $7 million. This funding round will help broaden Almond's rapidly expanding network in Asia, the Americas, and Africa while reinforcing its commitment to making financial services affordable and accessible to people everywhere.

Cyber Innovation Center: $129 Million In Federal Funding Awarded

By Amit Chowdhry ● Nov 10, 2023

The Cyber Innovation Center (CIC) - a catalyst for the development and expansion of a knowledge-based workforce - recently announced a total of $129 million in federal funding to continue industry-leading innovation through CYBER.ORG and STRIKEWERX, its leading subsidiary organizations driving innovation in the region.

American Express Launches Business Checking For All Eligible U.S. Small Businesses

By Amit Chowdhry ● Nov 10, 2023

American Express recently announced that American Express Business Checking is now available to any eligible U.S. small business. This offers a digital banking experience with no monthly fees, 24/7 service, and the ability to earn and redeem Membership Rewards points for select travel and for deposits directly into their Business Checking account.

weav.ai : $5 Million Raised To Develop Plug-And-Play Generative AI Solutions For The Enterprise

By Dan Anderson ● Nov 9, 2023

Weav.ai - a developer of plug-and-play Generative AI solutions for the enterprise - recently announced that it has emerged from stealth with the launch of its Enterprise AI Copilots, a suite of tools that empower businesses to unlock the value of their unstructured and structured data using Generative AI (GenAI). And the company accelerated product development after closing a $5 million seed funding round in November 2022 led by Sierra Ventures.

Ansys And Materialise Partner To Advance Additive Manufacturing Software

By Amit Chowdhry ● Nov 8, 2023

Ansys (a global leader in engineering simulation software) and Materialise (a global leader in 3D printing software and service solutions) are joining forces to deliver integrated digital solutions to help overcome workflow challenges in the AM industry. This partnership will seamlessly integrate Ansys Additive Suite into Materialise’s data and build preparation tool Magics.

How Emory Healthcare And DrFirst Will Assist Patients With Medication Adherence

By Amit Chowdhry ● Nov 7, 2023

Emory Healthcare - the most comprehensive academic health system in Georgia - recently announced that it is collaborating with healthcare technology pioneer DrFirst to help patients access and adhere to affordable, appropriate prescription medications for their health conditions and ailments. Research has shown that medication adherence is a primary determinant of success in patient outcomes. At the same time, non-adherence can lead to a worsening of diseases and disorders, increased healthcare costs, and even death.

How Certa Is Using AI For Faster Third Party Interactions

By Amit Chowdhry ● Nov 6, 2023

Certa - a leader in third-party management solutions - recently launched CertaAssist, an intuitive AI companion powered by the advanced Certa AI. This launch combines advanced generative AI technology with third-party management, marking a new era in operational agility by offering AI-powered workflow optimization, intuitive data visualization, and streamlined supplier onboarding.

Bee Partners: $50 Million Fund IV Closed To Make DeepTech Investments

By Amit Chowdhry ● Nov 4, 2023

Bee Partners - a leading venture capital firm specializing in DeepTech preSeed investments - recently announced the successful final closing of its fourth fund, exceeding its targeted raise of $50 million. This significant milestone demonstrates the confidence and support received from a diverse group of institutional and individual investors during a challenging time in capital raising.

Cribl: Over $100 Million In ARR Achieved

By Amit Chowdhry ● Nov 3, 2023

Cribl - a data engine for IT and Security - recently announced that it has surpassed $100 million in annual recurring revenue (ARR), growing from $1 million to $100 million in ARR in less than four years.

Algenesis: Plant-Based Material Science Company Raises New Funding Round

By Noah Long ● Nov 2, 2023

Algenesis Corporation - a leading plant-based material science company - recently announced it has raised $5 million in a funding round led by First Bight Ventures, with Circulate Capital and others. And a pioneer in developing bio-based plastics that are competitive with petroleum-based in both cost and functionality, Algenesis' patented Soleic technology is the world's first renewable, high-performance, fully biodegradable and backyard compostable bioPolyurethane (bioPU) made from plants and algae.

Web3 Pro: Marketing Tech Company Raises New Funding Round

By Annie Baker ● Nov 2, 2023

With privacy concerns and weakening marketing performance eroding traditional online advertising, Web3 Pro - a leading MarTech SaaS company built around targeted opt-in marketing - recently announced that it closed a substantial round of fresh funding from P101, one of the largest European venture investors. This brings the total raised to almost $10 million with a post-money valuation of $57 million.

AgentSync: Modern Insurance Infrastructure Company Raises $50 Million

By Amit Chowdhry ● Nov 1, 2023

AgentSync - a leader in modern insurance infrastructure - recently announced an additional $50 million fundraising, bringing the company's total funding to $161 million. This funding round was co-led by existing investors Craft Ventures and Valor Ventures.

Why Accenture Is Buying Comtech Group And ConcentricLife

By Amit Chowdhry ● Oct 31, 2023

Accenture recently announced that it has acquired Comtech Group and ConcentricLife. These are the details of the deals.

Innerworld: $2 Million Grant Received From NIMH

By Amit Chowdhry ● Oct 30, 2023

With the global mental health crisis spreading, Innerworld emerged as a proven effective solution to reduce symptoms of depression and anxiety. The company offers peer-to-peer support groups with expert guides trained in Cognitive Behavioral Immersion, providing evidence-based tools during live groups in social virtual worlds. Innerworld recently received $2 million in funding from the National Institute of Mental Health (NIMH) to conduct a randomized control trial at the University of Southern California to continue testing the effects of CBI on depression.

Revelation Partners: $608 Million Fund Closed, Substantially Surpassing $500 Million Target

By Amit Chowdhry ● Oct 30, 2023

Revelation Partners recently announced the closing of its $608 million Fund IV, substantially surpassing the healthcare investment firm's initial target of $500 million. Now Revelation Partners manages $1.5 billion of committed capital as the firm provides liquidity and flexible capital solutions to investors, companies, limited partners and general partners across all healthcare sub-sectors.

Cogito: AI Coaching Company Raises New Funding Round

By Noah Long ● Oct 27, 2023

Cogito - a leader in real-time AI coaching and guidance for the enterprise - recently announced it has secured new funding to help advance features aimed at better supporting agents in the contact center and improving customer experiences. This funding round - including repeat commitments from two significant investors - validates the importance of delivering strong employee and customer experiences in this turbulent economic climate. This investment demonstrates the impact potential of human-aware AI systems and the belief that Cogito is best suited to deliver on its promise.

Agrology: Phase IIB Funding Received From The NSF

By Noah Long ● Oct 27, 2023

Agrology recently announced that the company received $500,000 in Phase IIB Funding from the National Science Foundation (NSF) to develop further Agrology’s real-time soil carbon and nitrous oxide emission monitoring technology. America’s Seed Fund is powered by the National Science Foundation (NSF) and awards $200 million annually to startups and small businesses, transforming scientific discovery into products and services with commercial and societal impact.

GOZEN: Biomaterials Company Secures $3.3 Million In Seed Funding

By Noah Long ● Oct 27, 2023

GOZEN - a transformative biomaterials startup that is set to disrupt the fashion, automotive and home furnishings industries - recently announced $3.3 million in a seed funding round. This funding round comes from forward-thinking investors like Happiness Capital (lead investor), Accelr8, Astor Management, and SOSV - who recognized GOZEN's unique potential to transform the world of materials through biology. This funding round will enable GOZEN to accelerate research, development, and scaling efforts for its breakthrough biomaterial LUNAFORM, and fuel the creation of new materials.

Palladium Energy: $10 Million Closed In Corporate Equity From Ultra Capital

By Annie Baker ● Oct 26, 2023

Palladium Energy - a leading utility-scale solar and storage developer within the U.S. - recently announced the closing of a $10 million corporate equity investment from Ultra Capital. This private investment firm provides growth equity and asset capital to companies focused on the energy transition and de-carbonization. And the funding will be utilized to accelerate the growth of the Palladium team and development pipeline with a continued focus on originating, acquiring and developing high-quality solar and storage projects.

NorthRock And Sammons Financial Group Partnering To Transform the Wealth Management Industry

By Amit Chowdhry ● Oct 26, 2023

NorthRock Partners, a full-service financial and lifestyle advisory firm, and Sammons Financial Group, a leading financial services company, recently announced an industry-setting partnership to enhance and expand the innovative client-centric approach that has made NorthRock a leader in the wealth management industry.

AMN Healthcare Buying MSDR For $300 Million: Details

By Annie Baker ● Oct 26, 2023

AMN Healthcare - the leader and innovator in total talent solutions for healthcare organizations across the United States - recently announced a definitive agreement to acquire MSDR for a purchase price of $300 million. MSDR comprises two healthcare staffing companies specializing in locum tenens and advanced practices: Medical Search International (MSI) and DRW Healthcare Staffing (DRW).

Donorbox Surpasses $2 Billion In Charitable Transactions

By Amit Chowdhry ● Oct 26, 2023

Donorbox - a technology-powered platform for fundraising - has celebrated the processing of over $2 billion in donations. And Donorbox enables nonprofits across the globe to quickly and efficiently raise funds online with one of the lowest transaction fees in the industry. The surpassing of the $2 billion signifies the massive impact the company has had in helping nonprofit organizations make a lasting impact on their respective communities.

Sinch Advances Mailgun Product Suite

By Amit Chowdhry ● Oct 25, 2023

Sinch - a company that powers meaningful conversations between businesses and their customers through its Customer Communications Cloud - announced that Mailgun Optimize, the first deliverability solution built on an email-sending platform, and Mailgun Validate, the fastest and most accurate address verification solution, are now part of the Sinch Mailgun product suite.

How Sirion Is Working With IBM To Advance Enterprise Contract Management

By Amit Chowdhry ● Oct 25, 2023

Sirion - a leader in AI-powered contract lifecycle management (CLM) - recently announced a collaboration to embed IBM watsonx to redefine CLM for enterprises. As the first adopter of this combined offering, IBM is also deploying Sirion CLM to help streamline its own order-to-cash (O2C) and source-to-pay (S2P) processes.