Innovation Archives

Autobahn Therapeutics Raises $76 Million To Develop Therapies For CNS Disorders

By Dan Anderson ● Jun 11, 2020

Autobahn Therapeutics announced it has completed a $76 million Series B fundraising co-led by ARCH Venture Partners and Cowen Healthcare Investments.

C2i Genomics Closes $12 Million In Funding

By Noah Long ● Jun 10, 2020

C2i Genomics, a company that is focused on improving cancer patient lives and outcomes with a breakthrough tumor pattern recognition approach for liquid biopsy, announced it has raised $12 million.

Michael Seibel Replaces Alexis Ohanian On Reddit Board

By Amit Chowdhry ● Jun 10, 2020

Michael Seibel is replacing Alexis Ohanian on the board of directors. Ohanian had resigned and urged the company to find a black candidate to replace him.

Caterpillar Inc. (CAT) Board Votes To Maintain Quarterly Cash Dividend

By Annie Baker ● Jun 10, 2020

Today Caterpillar Inc. (NYSE: CAT) announced that its board of directors voted to maintain the quarterly cash dividend of $1.03 per share of common stock.

Just Eat Takeaway Is Buying GrubHub Inc (GRUB) For $7.3 Billion

By Amit Chowdhry ● Jun 10, 2020

Amsterdam-based Just Eat Takeaway announced it is buying U.S. based GrubHub Inc (NYSE: GRUB) for $7.3 billion. These are the details.

Garrett Motion (GTX) Names Sean Deason As CFO

By Annie Baker ● Jun 10, 2020

Automotive technology provider Garrett Motion Inc (NYSE: GTX) announced Sean Deason has been named Chief Financial Officer (CFO)

Career Risk Management Company Pando Closes $8 Million In Funding

By Dan Anderson ● Jun 10, 2020

Pando (303 Holdings) — a technology company delivering a new way for managing career risk — announced it has raised over $8 million in Series A funding.

Digital Turbine Partners With On-Demand Hiring Company Moonlighting

By Dan Anderson ● Jun 10, 2020

Digital Turbine Inc (NASDAQ: APPS) and mobile on-demand hiring platform Moonlighting announced they have partnered in order to accelerate the marketing of Moonlighting's app.

Brighthouse Financial (BHF) Launches New Term Life Insurance Product

By Noah Long ● Jun 10, 2020

Brighthouse Financial Inc (NASDAQ: BHF) and leading online insurance marketplace Policygenius have announced they launched Brighthouse SimplySelect.

Yugabyte Secures $30 Million In Funding

By Annie Baker ● Jun 10, 2020

Yugabyte — a leader in open-source distributed SQL databases — announced that it raised $30 million in an oversubscribed Series B round.

Wing Venture Capital Closes $450 Million Third Fund

By Amit Chowdhry ● Jun 10, 2020

Wing Venture Capital has announced that it closed Wing Three, which is a $450 million pool of capital dedicated to early-stage investing and long-term company-building.

Global Life Science Company DNAnexus Raises $100 Million

By Dan Anderson ● Jun 10, 2020

DNAnexus, a cloud-based SaaS company that is serving the global life science community, announced it closed a $100 million funding round.

Taiwan Semiconductor (TSM) Receiving Government Subsidies For $12 Billion Arizona Plant

By Amit Chowdhry ● Jun 10, 2020

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) is going to be receiving government subsidies for its $12 billion chip plant in Arizona.

Freight Tech Companies Sennder And Everoad Merging

By Annie Baker ● Jun 9, 2020

Launched in 2015, German freight technology Sennder will be merging with France-based Everoad in a stock-based deal.

McDonald’s Corp (MCD) Announces Leadership Changes Within Global Marketing

By Amit Chowdhry ● Jun 9, 2020

Today Mcdonald's Corp (NYSE: MCD) President and CEO Chris Kempczinski announced leadership changes within the global marketing organization. These are the details.

Apple Reportedly Announcing ARM-Based Mac Chips At WWDC This Month

By Amit Chowdhry ● Jun 9, 2020

Apple Inc. (NASDAQ: AAPL) is expected to announce its switch from Intel to ARM chips for the Mac product line at the Worldwide Developers Conference (WWDC) this month.

Non-Invasive Robotic Platform Company HistoSonics Raises $40 Million

By Amit Chowdhry ● Jun 9, 2020

HistoSonics — the developer of a non-invasive robotic platform and sonic beam therapy — announced that it raised $40 million.

MIT-Born Quaise Raises $6 Million In Round Led By The Engine To Access Geothermal Energy

By Noah Long ● Jun 9, 2020

Quaise, a company that is pioneering millimeter-wave drilling technology for accessing deep geothermal energy, announced it raised $6 million.

CommVault Systems (CVLT) Enters Agreement With Starboard Value And Announces 3 New Directors

By Annie Baker ● Jun 9, 2020

Enterprise software company CommVault Systems, Inc. (NASDAQ: CVLT) announced that it entered into an agreement with Starboard Value with 3 new directors.

Black Knight (BKI): Joseph Otting To Serve On Board Of Directors

By Noah Long ● Jun 9, 2020

Black Knight Inc (NYSE: BKI), a provider of integrated software, data, and analytics to the mortgage and real estate industries, announced it has named Joseph M. Otting for its board of directors.

Greg Tarr Named Chief Strategy Officer At Karma Automotive

By Annie Baker ● Jun 8, 2020

Greg Tarr has been named chief strategy officer at Karma Automotive. These are the details.

Comcast Corporation (CMCSA): $100 Million Committed To Combating Inequality

By Dan Anderson ● Jun 8, 2020

Comcast Corporation (NASDAQ: CMCSA) CEO Brian Roberts announced that the company is committed to spending $100 million over the next 3 years to combat inequality.

Sirius XM Holdings (SIRI): $1.5 Billion Of 4.125% Senior Notes Due 2030 Priced

By Amit Chowdhry ● Jun 8, 2020

Sirius XM Holdings Inc (NASDAQ: SIRI) announced its subsidiary priced an offering of $1.5 billion of 4.125% Senior Notes due 2030.

Jio Platforms Raises $750 Million From Abu Dhabi Investment Authority

By Amit Chowdhry ● Jun 8, 2020

India-based digital services company and Reliance subsidiary Jio Platforms has raised $750 million from Abu Dhabi's sovereign wealth fund.

Basis Vectors Announces $50 Million Private Equity And Technology Fund

By Annie Baker ● Jun 8, 2020

Basis Vectors, a Berkshire Hathaway-style alternative investment and technology firm, announced its launch and plans to acquire B2B software companies.

Nashville-Based Petra Capital Partners Closes $208 Million For Growth Fund IV

By Dan Anderson ● Jun 8, 2020

Nashville, Tennessee-based Petra Capital Partners announced it completed fundraising on Petra Growth Fund IV (“PGF IV”) with $208 million of capital.

Travelport Raising Up To $1 Billion In Financing

By Dan Anderson ● Jun 8, 2020

Leading travel technology company Travelport Worldwide Limited announced that it received commitments for up to $1 billion from affiliates of existing owners.

Business Financial Data Company Powerlytics Raises $4 Million

By Noah Long ● Jun 8, 2020

Powerlytics, a data provider that has granular data for the 200 million adults and 30 million businesses that make up the U.S. economy, announced that it has raised $4 million in funding.

Vancouver-Based Quini Raises Funding For Its Real-Time Wine Sensory Data Platform

By Annie Baker ● Jun 8, 2020

Quini, a leader in sensory real-time data, analytics, and technology solutions for the wine industry, announced it completed a minority funding round led by OKR Financial.

Asana Reportedly Raised $200 Million By Issuing Convertible Debt Before IPO

By Amit Chowdhry ● Jun 8, 2020

Asana, a work management company founded by Dustin Moskovitz and Justin Rosenstein, has reportedly raised about $200 million by issuing convertible debt ahead of the direct listing later this year.