Innovation

Blackstone Buying Hill Top Energy Center For Nearly $1 Billion

By Amit Chowdhry ● Sep 18, 2025

Blackstone has announced that private equity funds affiliated with Blackstone Energy Transition Partners have reached a definitive agreement to acquire Hill Top Energy Center, a 620-megawatt natural gas power plant in Western Pennsylvania, from Ardian for nearly $1 billion. The acquisition underscores Blackstone’s strategy to expand energy infrastructure critical to powering the AI economy.

PGIM And Partners Sign Strategic Partnership For Delivering Multi-Asset Investment Solutions

By Amit Chowdhry ● Sep 18, 2025

PGIM, the $1.44 trillion global investment management business of Prudential Financial, and Partners Group, one of the largest private markets investment firms in the world, have entered into a strategic partnership to create and deliver a range of multi-asset portfolio solutions for both individual and institutional investors.

Altera: 51% Stake Acquired By Silver Lake From Intel

By Amit Chowdhry ● Sep 18, 2025

Altera has announced the completion of a significant investment deal with Silver Lake, a global technology-focused investment firm. Silver Lake has acquired a 51% stake in Altera from Intel Corporation, which will retain the remaining 49%. This deal marks a significant milestone for Altera, officially establishing it as the world’s largest independent company focused solely on field-programmable gate array (FPGA) solutions.

HALA: $157 Million Raised To Expand Fintech Services For Small Businesses Across the Middle East

By Amit Chowdhry ● Sep 18, 2025

HALA Holding, a leading fintech company based in Saudi Arabia, has announced the completion of a $157 million Series B funding round. This marks one of the most significant Series B investments in the region’s fintech sector. The round was led by The Rise Fund, part of TPG’s global impact investing strategy, and Sanabil Investments, which the Public Investment Fund of Saudi Arabia owns. A wide range of other investors also participated, including QED, Raed Ventures, Impact 46, MEVP, Isometry Capital, Arzan VC, BNVT Capital, Kaltaire Investments, Endeavor Catalyst, Nour Nouf Ventures, Khwarizmi Ventures, and Wamda Capital.

Kin: $50 Million Series E Raised At $2 Billion Valuation For Home Insurance Platform

By Amit Chowdhry ● Sep 18, 2025

Kin, a digital-first home insurance company known for its direct-to-consumer model, announced the closing of a $50 million Series E funding round. This round was oversubscribed and completed at a pre-money valuation of $2 billion, signaling strong investor confidence in Kin’s approach to modernizing home insurance. Along with the equity raise, Kin secured a $200 million debt facility, using $145 million to refinance existing obligations.

Kriya: $320 Million Series D Closed For Advancing Gene Therapy Pipeline

By Amit Chowdhry ● Sep 18, 2025

Kriya Therapeutics, a biopharmaceutical company focused on developing gene therapies for chronic illnesses, has announced the completion of a $320 million Series D funding round. This substantial investment was co-led by Patient Square Capital and Premji Invest, with additional support from well-known investors in the life sciences and technology sectors, including Peter Thiel, Narya Capital, The T1D Fund, and other long-term backers.

Adaptive Security: Additional OpenAI Investment Brings Series A To $55 Million

By Amit Chowdhry ● Sep 18, 2025

Adaptive Security, a company focused on preventing social engineering attacks powered by artificial intelligence, has announced an additional investment from the OpenAI Startup Fund. This new funding brings the total raised in its Series A round to $55 million.

Dig Energy: $5 Million Raised To Transform Geothermal Heating And Cooling

By Amit Chowdhry ● Sep 18, 2025

Dig Energy has raised $5 million in venture capital to move its innovative geothermal drilling technology from testing into real-world pilot installations. Azolla Ventures and Avila VC led this funding round. Several other investors also joined the round, including Conifer Infrastructure Partners, Suffolk Technologies, Mercator Partners, Koa Labs, and early backers Baukunst and Drew Scott. In addition to financial support, Dig has received recognition and assistance from programs like Suffolk Technologies' BOOST accelerator and the U.S. Department of Energy's EPIC Prize.