Archives

Askable: On-Demand Research And Insight Delivery Company Raises A$22 Million

By Amit Chowdhry ● Dec 16, 2024

Askable - an on-demand research and insight delivery platform - announced it has closed an A$22 million Series A funding round led by Airtree Ventures. To exponentially improve products through user insight, Askable connects enterprises with the world's best researchers, rigorously vetted participants, and a research platform that combines human expertise and AI to deliver insights with notable depth.

Liquid AI: $250 Million (Series A) Raised For Scaling Capable General-Purpose AI

By Amit Chowdhry ● Dec 16, 2024

Generative AI (GenAI) company announced it closed a $250 million early-stage funding round led by Advanced Micro Devices. This funding round will help the company accelerate the development, scaling, and deployment of its Liquid Foundation Models (LFMs), its lightweight, general-purpose AI models that unlock private, efficient, and reliable enterprise-grade AI for all.

Upbound Group Buying Brigit For Up To $460 Million

By Amit Chowdhry ● Dec 16, 2024

Upbound Group, a technology and data-driven leader in accessible and inclusive financial products that address underserved consumers' evolving needs and aspirations, announced it has entered into a definitive agreement to acquire Brigit, a leading financial health technology company.

AVAIO Digital Building $3 Billion Data Center Campus In Virginia

By Amit Chowdhry ● Dec 16, 2024

AVAIO Digital Partners announced it had signed an agreement with the Appomattox County Economic Development Authority (EDA) to purchase a 452-acre business and industrial site in Appomattox County, VA. AVAIO Digital plans to develop the site into a $3 billion data center campus with substantial onsite green power.

Uplift360: €1 Million (Pre-Seed) Raised To Develop Sustainable Chemical Recycling Technologies

By Amit Chowdhry ● Dec 16, 2024

Uplift360, a company developing sustainable chemical recycling technologies for advanced materials, announced it has closed a €1 million pre-seed funding round led by Promus Ventures and with participation from Twin Track. This funding round will enable Uplift360 to scale its recycling technology and expand its team of scientists as it develops a first-of-its-kind concept demonstrator.

Bioniq: Interview With Founder & CEO Vadim Fedotov About The Nutrient Optimization Company

By Amit Chowdhry ● Dec 16, 2024

Bioniq is a company that spent years analyzing blood markers to develop its patented algorithm, enabling the company to create 100% personalized supplement formulas based on one of the largest biochemical databases of its kind that spans over five continents. These formulas support your health by optimizing your micronutrient status. Pulse 2.0 interviewed Bioniq founder and CEO Vadim Fedotov to learn more about the company.

VIAVI Buying Inertial Labs For Initial Consideration Of $150 Million

By Amit Chowdhry ● Dec 16, 2024

Viavi Solutions has signed a definitive agreement to acquire Inertial Labs for an initial consideration of $150 million at closing and up to $175 million contingent consideration over four years. VIAVI plans to fund the transaction through cash on hand.

Amulet Capital Partners Investing In Theoria Management

By Amit Chowdhry ● Dec 16, 2024

Amulet Capital Partners, a middle-market private equity investment firm focused exclusively on the healthcare sector, announced a new platform investment in Theoria Management. This tech-enabled management service organization delivers high-quality and value-based primary care services to senior living communities across the US. The financial terms of the transaction were not disclosed.

OpsMx: Interview With CTO Gopinath Rebala About The Application Security Posture Company

By Amit Chowdhry ● Dec 16, 2024

OpsMx is a leader in Application Security Posture Management (ASPM), helping enterprises accelerate DevSecOps and “Shift-Left” to Secure the SDLC. Pulse 2.0 interviewed OpsMx CTO Gopinath Rebala to learn more about the company.

Vanguard Establishing New Advice & Wealth Management Division

By Amit Chowdhry ● Dec 16, 2024

Vanguard announced it will establish a new Advice & Wealth Management division focused on enhancing capabilities to improve client outcomes. And industry veteran Joanna Rotenberg will join Vanguard in January 2025 to lead the new division as a managing director and a member of the firm’s senior leadership team.

GTCR Selling AssuredPartners For $13.45 Billion To Arthur J. Gallagher

By Amit Chowdhry ● Dec 16, 2024

Leading private equity firm GTCR announced that it had signed a definitive agreement to sell AssuredPartners, a leading independent insurance broker, to Arthur J. Gallagher & Co., a global insurance brokerage, risk management, and consulting services firm, for $13.45 billion in an all-cash transaction. This deal is the largest sale of a U.S. insurance broker to a strategic acquiror in the history of the industry.

Ameriprise: Brian Mora Named As SVP Of Experienced Advisor Recruiting

By Amit Chowdhry ● Dec 16, 2024

Ameriprise Financial announced that Brian Mora was named Senior Vice President of Experienced Advisor Recruiting. And Mora has over 20 years with Ameriprise, most recently as regional vice president in the central region of the firm’s branch channel.

MAI Capital Management Onboards $350 Million Carmichael Hill & Associates Team

By Amit Chowdhry ● Dec 16, 2024

MAI Capital Management - a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families - announced the acquisition of Carmichael Hill & Associates. The terms of the transaction were not disclosed.

Patient Square Capital Buying Patterson Companies In $4.1 Billion Deal

By Amit Chowdhry ● Dec 16, 2024

Patterson Companies - a leading dental and animal health distributor - announced that it has entered into a definitive agreement to be acquired by Patient Square Capital.

Modern Wealth Management Adding $500 Million AUM With Several Acquisitions

By Amit Chowdhry ● Dec 16, 2024

Modern Wealth Management, a registered investment advisory (RIA) firm created to meet the evolving needs of today’s financial professionals and their clients, announced the acquisition of the Lenexa, Kansas-based Fiser Group. Additionally, Modern Wealth revealed plans to finalize the acquisitions of Saginaw, Michigan-based Gardey Financial Advisors and Chapel Hill, North Carolina-based LFM Wealth Management by year-end.

LPL Brings In $540 Million Prestige Wealth Group Team

By Amit Chowdhry ● Dec 16, 2024

LPL Financial announced that Prestige Wealth Group (PWG) advisors, led by managing partners Rich Galgano, CFP, and Matt Geraci, CFP, have joined LPL Financial’s broker-dealer, RIA, and custodial platforms. They reported serving about $540 million in advisory, brokerage, and retirement plan assets and joined LPL from Osaic.

Hightower Invests In $800 Million Wealth Management Firm Dechtman

By Amit Chowdhry ● Dec 16, 2024

Hightower announced that the firm has made a strategic investment in Dechtman Wealth Management, a financial planning and wealth management practice with $800 million in assets in the Denver area.

Sidley Reveals 38 Newly-Elected Partners And 27 Newly-Promoted Counsel

By Amit Chowdhry ● Dec 16, 2024

Sidley - a global law firm with 2,300 lawyers, annual revenue of $3.2 billion, and experience that spans 158 years - announced the names of its 38 newly-elected partners and 27 newly-promoted counsel listed below by office and area of practice. These attorneys will become partners and counsel at Sidley effective January 1, 2025.

Computershare Buying ingage IR Limited

By Amit Chowdhry ● Dec 16, 2024

Computershare announced that it has agreed to acquire ingage IR Limited. ingage offers investor relations and engagement software to help listed companies worldwide build and manage their investor relations function.

Blackstone Signs $2.6 Billion Tokyo Real Estate Deal

By Amit Chowdhry ● Dec 16, 2024

Blackstone announced that its Real Estate funds entered into definitive agreements to buy Tokyo Garden Terrace Kioicho, an acclaimed 2.4 million-square-foot mixed-use asset, from affiliates of Seibu Holdings. At $2.6 billion (around JPY 400 billion), this marks the largest real estate investment by a foreign investor in Japan and the firm’s largest investment to date across businesses in the market.

Mariner Acquires Atlas Financial And Newport Advisory, Adding $878 Million More In AUM

By Amit Chowdhry ● Dec 16, 2024

Leading national financial services firm Mariner announced it has acquired Sarasota, Florida-based Atlas Financial and Newport Beach, California-based Newport Advisory in a pair of deals that will bring the firm a combined total of about $878 million in assets under management.

Concurrent Brings In 6 New Advisors, Reaching $9.7 Billion In AUM

By Amit Chowdhry ● Dec 16, 2024

Concurrent Investment Advisors, a leading multi-custodial hybrid registered investment adviser (RIA), announced it reached $9.7 billion in assets under management with the addition of six new advisors and additional support staff.

UVM Research Reveals Breakthrough Mechanism In Brain Blood Flow Regulation

By Amit Chowdhry ● Dec 16, 2024

A team of UVM scientists headed by Mark Nelson, Ph.D., from the Larner College of Medicine at the University of Vermont, has uncovered a novel mechanism that reshapes understanding how blood flow is regulated in the brain. This study, published in The Proceedings of the National Academy of Sciences (PNAS) - a high-impact, peer-reviewed journal of the National Academy of Sciences (NAS) - introduces Electro-Calcium (E-Ca) Coupling. This process integrates electrical and calcium signaling in brain capillaries to deliver precise blood flow to active neurons.

Cofactr: Supply Chain Management Platform Raises $17 Million (Series A)

By Amit Chowdhry ● Dec 15, 2024

Cofactr - a supply chain and logistics management platform that streamlines production processes and policies for critical hardware manufacturers - announced the closing of its $17.2 million Series A funding round. Bain Capital led the funding, and they were joined by existing seed investors Y Combinator, Floating Point Ventures, Broom, and DNX. The new investment brings Cofactr’s total funding to $28.8 million.

Turn Therapeutics: $75 Million Investment Commitment Secured From GEM Global

By Amit Chowdhry ● Dec 15, 2024

Turn Therapeutics - an innovator in advanced wound and dermatology solutions - announced a significant investment commitment from GEM Global Yield, a $3.4 billion private equity and alternative investment group.

ANYbotics: AI-Based Robotic Inspection Solutions Company Raises $60 Million

By Amit Chowdhry ● Dec 15, 2024

ANYbotics, a leader in AI-based robotic inspection solutions, has raised an additional $60 million, bringing its total funding to over $130 million. This new funding is led by Qualcomm Ventures and Supernova Invest, with participation from TDK Ventures and other new investors. Backed by existing investors from Silicon Valley and Europe, including Walden Catalyst, NGP Capital, Bessemer Venture Partners, Swisscanto, and Swisscom Ventures, this funding will accelerate the company's global scaling and recent expansion in the U.S. to meet the growing demand for its industrial inspection robots and enhance the company’s ability to deliver exceptional services and seamless integrations worldwide.

Legion Technologies: Workforce Management Company Raises $50 Million

By Amit Chowdhry ● Dec 15, 2024

Legion Technologies, an innovator in workforce management (WFM), announced it has raised $50 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank. The funding, which brings Legion’s total funding to $195 million, follows a $50 million growth round led by Riverwood Capital earlier this year.

Vapi: $20 Million (Series A) Raised To Advance Developer Platform For Deploying Voice AI Agents

By Amit Chowdhry ● Dec 15, 2024

Vapi, a leading developer platform for deploying Voice AI agents, announced that it raised $20 million in Series A funding. The round was led by Bessemer Venture Partners and included participation from Abstract Ventures, AI Grant, Y Combinator, Saga Ventures, and Michael Ovitz. The funding will enable the company to expand its engineering team, scale its infrastructure, and reach new enterprise customers.

On Me: Digital Gift Platform Raises $1.7 Million (Seed) And Partners With Mastercard

By Amit Chowdhry ● Dec 15, 2024

Personalized digital gifting platform On Me announced a 5-year industry partnership with Mastercard and $1.7 million in pre-seed funding from Lerer Hippeau and Focal.VC as it emerges from stealth.

Summit Financial Onboards $550 Million Midway Wealth Partners Team

By Amit Chowdhry ● Dec 15, 2024

Summit Financial, an investment advisory firm with over 40 years of experience providing market-leading, multi-family office services that empower financial advisors to accelerate growth, announced that Midway Wealth Partners has joined its network. Summit’s partnership model, Summit Growth Partners (SGP), has strategically invested in Midway, bringing its total strategic investments to 17 for the year.