Archives

DHL Supply Chain Expands Data Center Logistics Network To 150+ Locations With Four-Hour Critical Parts Delivery

By Amit Chowdhry ● Aug 21, 2026

DHL Supply Chain has expanded its service logistics network to more than 150 locations across the U.S. and Canada to accelerate delivery of mission-critical data center installation and replacement parts.

Stevens Capital Partners Surpasses $800 Million AUM After 65% Growth And Acquires Dallas Tax Firm

By Amit Chowdhry ● Aug 20, 2026

Stevens Capital Partners has surpassed $800 million in assets under management less than six years after its founding while acquiring a long-established Dallas-based CPA tax practice to expand its integrated wealth management capabilities.

LPL Brings In $190 Million Firm McCutchen Wesson Wealth Advisors

By Amit Chowdhry ● Aug 20, 2026

LPL Financial has added McCutchen Wesson Wealth Advisors, a Marion, Arkansas-based advisory team serving approximately $190 million in advisory, brokerage and retirement plan assets. The practice is led by financial advisors Paul McCutchen and Jarod Wesson, AAMS, and joins LPL Financial from Edward Jones.

BairesDev Names Darren Shimkus CEO As Co-Founder Nacho De Marco Becomes Chairman Amid AI-First Expansion

By Amit Chowdhry ● Aug 20, 2026

BairesDev has named Darren Shimkus Chief Executive Officer, effective immediately, as co-founder Nacho De Marco transitions to Chairman of the Board and the software development company accelerates its shift toward an AI-first services model.

Beldex Raises $8 Million To Build Privacy Layer For Web3 And AI

By Amit Chowdhry ● Aug 20, 2026

Beldex has raised $8 million in new funding to accelerate the development of privacy-focused blockchain infrastructure for Web3 applications and artificial intelligence, bringing the company's total capital raised to $36 million. The round was backed by Sigma Capital, NTC, Nxgen, Digital Consensus Fund and EAK Ventures. The financing follows earlier investments from DWF Labs and Block Alpha.

Astromech Raises $20 Million At $3.8 Billion Valuation To Advance Predictive AI Models Of Biological Evolutionary Change

By Amit Chowdhry ● Aug 20, 2026

Astromech, an evolutionary biology AI company developing predictive models of biological change using evolutionary and multispecies genomic data, has raised $20 million in new funding at a $3.8 billion valuation. Biotech investor Bob Nelsen led the round, with participation from Peak 6, NeoGenesis Capital, Builders VC, and CAZ Investments. The financing brings Astromech's total capital raised to $60 million.

Zayo Expands Corning Fiber Supply Deal To Support 15,000-Route-Mile AI Network Buildout

By Amit Chowdhry ● Aug 20, 2026

Zayo has expanded its strategic supply agreement with Corning to secure a significant portion of the fiber optic cable it expects to need through the remainder of the decade as artificial intelligence infrastructure accelerates demand for new network capacity. The agreement is designed to give Zayo greater supply certainty as it executes one of the largest network expansions in its history.

Osaic Adds $367 Million Firm IronGate Services Through Carlson Advisor Networks

By Amit Chowdhry ● Aug 20, 2026

Osaic has added IronGate Services, a Cedar Rapids, Iowa-based advisory firm overseeing approximately $367 million in client assets, through Carlson Advisor Networks.

ACMI Launches $3 Million Horizon Manufacturing Cup With $1 Million Grand Prize For Hardware Startups

By Amit Chowdhry ● Aug 20, 2026

The American Center for Manufacturing and Innovation has launched the Horizon Manufacturing Cup, a fast-pitch competition offering a total of $3 million in funding to five manufacturing and hardware startups, including a $1 million grand prize.

Walmart: Operating Income Jumps 28.8% As eCommerce Sales Rise 23% And Digital Businesses Outpace $187.9 Billion Retail Base

By Amit Chowdhry ● Aug 20, 2026

Walmart generated $187.9 billion of revenue in fiscal Q2 2027, up 5.9% year over year, while operating income increased much faster, rising $2.1 billion, or 28.8%, as tariff refunds contributed to profitability and the retailer's eCommerce, advertising and membership businesses continued growing substantially faster than its overall sales base.

Aptera Motors Partners With Launch Design On Up To $44 Million Production Program As First 40 Vehicles Target Q4

By Amit Chowdhry ● Aug 20, 2026

Aptera Motors has entered into a strategic partnership with Launch Design covering a production program valued at up to approximately $44 million as the solar electric vehicle company moves toward initial production and higher-volume manufacturing.

CoreWeave And Hudson River Trading Sign Multi-Billion-Dollar AI Cloud Deal For NVIDIA Vera Rubin Research Platform

By Amit Chowdhry ● Aug 20, 2026

CoreWeave has signed a multi-year, multi-billion-dollar agreement with Hudson River Trading to provide the quantitative trading firm with large-scale AI cloud infrastructure for its next generation of research and model development.

Guideless Raises €1 Million Pre-Seed As AI Training Platform Reaches 3,000+ Users Across 15 Markets

By Amit Chowdhry ● Aug 20, 2026

Guideless has raised €1 million in pre-seed funding to expand its AI-powered software training and operational knowledge platform, which is already used by more than 3,000 users across 15 markets. The round was led by Superhero Capital, with participation from FIRSTPICK VC and angel investors Thomas Plantenga, Group CEO of Vinted; Vytautas Atkočaitis, CEO of Vinted Go; and Vinted co-founder Mantas Mikuckas.

Franklin Templeton Closes $1.5 Billion Inaugural CFO To Expand Private Markets Access Across Lexington And Benefit Street

By Amit Chowdhry ● Aug 20, 2026

Franklin Templeton has closed its first Collateralized Fund Obligation, raising $1.5 billion from global investors and establishing a new capital formation channel for the firm's private markets platform.

Carson Group Onboards $405 Million Firm Yari Capital

By Amit Chowdhry ● Aug 20, 2026

Carson Group has added Yari Capital to its independent advisor channel, bringing approximately $405 million in assets under management to the wealth management platform.

Authsnap: Interview With CEO And Founder Gretchen Heinen About AI-Powered Insurance Denial Management

By Amit Chowdhry ● Aug 20, 2026

Authsnap is an AI-powered healthcare technology company focused on insurance denial management. The company combines AI-generated appeals with human clinical review to help healthcare organizations recover denied claims while reducing the time and clinical workload associated with the appeals process. Authsnap was co-founded by registered nurse Gretchen Heinen and Dr. Wael Khouli, MD, MBA. Pulse 2.0 interviewed Authsnap CEO and Founder Gretchen Heinen to learn more.

NewEdge Expands Anthropic Claude Across 550+ Advisors As AI Tools Move Into Client Workflows

By Amit Chowdhry ● Aug 20, 2026

NewEdge Capital Group is expanding its firmwide use of Anthropic's Claude as financial advisors across NewEdge Advisors and NewEdge Wealth build AI-powered tools for client meetings, financial planning, communications, and practice management.

Ecolab: Interview With Global High-Tech Division Senior Vice President And General Manager Mukul Girotra About AI Data Center Cooling

By Amit Chowdhry ● Aug 20, 2026

Ecolab serves data center, semiconductor, and broader industrial technology customers with cooling fluids, monitoring technologies, analytical services, and programs designed to improve thermal efficiency. Its Global High-Tech portfolio includes 3D TRASAR Technology for Direct-to-Chip Liquid Cooling and Cooling-as-a-Service, while the addition of CoolIT Systems combines direct-to-chip cooling hardware with Ecolab's fluid chemistry, digital monitoring, and global service capabilities. Pulse 2.0 interviewed Ecolab Senior Vice President & General Manager, Global High-Tech Division Mukul Girotra to learn more.

Bulqit Launches Austin Home Services Buying Platform To Aggregate Neighborhood Demand And Share Revenue With HOAs

By Amit Chowdhry ● Aug 20, 2026

Bulqit has launched its homeowner buying group platform in Austin, beginning with the city's northern suburbs and giving residents a way to aggregate neighborhood demand for recurring home services.

Riot Platforms Signs 241MW Of AI Data Center Leases Representing Approximately $9.8 Billion Of Contracted Revenue

By Amit Chowdhry ● Aug 20, 2026

Riot Platforms has signed AI data center leases covering 241MW of critical IT capacity with two major technology customers, representing approximately $9.8 billion of long-term contracted revenue, accelerating the company's transition from a predominantly Bitcoin-mining business into a large-scale data center developer.

Quantum Computing Inc: Revenue Jumps More Than 90-Fold To $5.6 Million As Backlog Reaches $42.5 Million

By Amit Chowdhry ● Aug 20, 2026

Quantum Computing Inc. generated $5.6 million in Q2 2026 revenue compared with just $61,000 a year earlier, increasing quarterly revenue by more than 90 times as the company's photonics, semiconductor-manufacturing, and quantum-computing businesses begin producing a larger commercial contribution.

Jenoptik: Order Intake Jumps 53% To €723.4 Million While Revenue Grows Just 1%

By Amit Chowdhry ● Aug 20, 2026

Jenoptik's first-half 2026 order intake surged 53% to €723.4 million from €472.7 million, even as recognized revenue increased only 1% to €503.2 million, creating a significant gap between current reported growth and the volume of new business entering the photonics company's pipeline.

HireQuest: Net Income Jumps 154% Even As System-Wide Sales Fall 6.4%

By Amit Chowdhry ● Aug 20, 2026

HireQuest's Q2 2026 net income increased 154% to $2.69 million from $1.06 million, even as underlying system-wide sales declined 6.4% to $117.8 million from $125.9 million, as lower corporate expenses and growth at several continuing franchise brands more than offset the effect of a divested business.

Hallador Locks In $2.4 Billion Of Segment Revenue Through 2040 As 460MW Turtle Creek Budget Falls Below $800 Million

By Amit Chowdhry ● Aug 20, 2026

Hallador Energy has approximately $2.4 billion in contracted segment-level revenue extending through 2040, while reducing the expected cost of its proposed 460MW Turtle Creek Gas project to below $800 million, strengthening both forward revenue visibility and the projected capital economics of its generation platform.

McGuireWoods Adds Jeff Golimowski And Jeremy Baker In Tysons To Expand Commercial Litigation Practice

By Amit Chowdhry ● Aug 20, 2026

McGuireWoods has added partners Jeff Golimowski and Jeremy Baker to its Tysons, Virginia, office, strengthening the firm's commercial litigation capabilities across post-acquisition disputes, construction matters and government contracts.

Serif Health: SEVA Takes Significant Minority Stake As Pricing Platform Serves 250+ Organizations

By Amit Chowdhry ● Aug 20, 2026

Serif Health has received a significant minority growth investment from SEVA Growth, giving the healthcare price transparency data company its first outside institutional capital as it expands its sales organization, product capabilities and data APIs.

Balfour Beatty: U.S. Construction Swings To £22 Million Profit From £11 Million Loss

By Amit Chowdhry ● Aug 20, 2026

Balfour Beatty's U.S. Construction business generated £22 million of underlying profit from operations in the first half of 2026, compared with an £11 million loss a year earlier, producing a £33 million earnings swing as stronger Buildings activity and reduced Civils losses changed the economics of the segment.

Bakkt Turns $9.4 Million Transchem Payment Into $107.9 Million Fair Value Position, Driving $80.8 Million Q2 Net Income

By Amit Chowdhry ● Aug 20, 2026

Bakkt reported $80.8 million of Q2 2026 net income attributable to the company, but the profit was driven primarily by a dramatic increase in the carrying value of its investment in Transchem Limited. Bakkt had paid approximately $9.4 million toward the Transchem warrant subscription, while the 47.5 million warrants were valued at $107.9 million at June 30.

ZTO: Adjusted Net Income Jumps 50% To $465 Million As Parcel Volume Reaches 10.5 Billion

By Amit Chowdhry ● Aug 20, 2026

ZTO Express reported approximately $465 million of adjusted net income in Q2 2026, an increase of 50.3% year over year, while parcel volume reached 10.5 billion shipments and the company's market share expanded to 19.9%.

Plug Power Raises 2026 Revenue Growth Guidance To 15%-16% As Electrolyzer Conversion Improves

By Amit Chowdhry ● Aug 20, 2026

Plug Power raised its full-year 2026 revenue growth guidance to 15% to 16%, citing an expanding electrolyzer pipeline, an improving conversion rate and a commercial backlog that management expects to translate into a more heavily weighted second half of the year.