Archives

Delivery Hero: Uber Reveals €10 Billion Takeover Bid For Food Delivery Rival

By Amit Chowdhry ● May 23, 2026

Delivery Hero disclosed that it received a takeover approach from Uber Technologies, valuing the food delivery company at approximately €10 billion, according to a report from the Financial Times. The proposed deal would mark one of the largest consolidation moves in the global food delivery sector as competition intensifies and profitability pressures continue across the industry.

Bangladesh Bank: $4.9 Billion Stimulus Package Unveiled As Economic Growth Slows

By Amit Chowdhry ● May 23, 2026

Bangladesh Bank announced a 600 billion taka ($4.9 billion) stimulus package aimed at reviving shuttered factories, supporting struggling businesses, and boosting employment as the country’s economic growth continues to slow, according to Reuters.

JPMorgan: Millions Of Comics Caught In Bankruptcy Fight Over Diamond Comic Distributors

By Amit Chowdhry ● May 23, 2026

A growing bankruptcy battle involving JPMorgan Chase and former comic distribution giant Diamond Comic Distributors is putting millions of comic books, graphic novels, collectibles, and tabletop games at the center of a legal fight over ownership rights and creditor claims, according to Bloomberg.

SpaceX: Starship Flight 12 Marks First Successful V3 Test Flight And Major Advancement For Mars Program

By Amit Chowdhry ● May 23, 2026

SpaceX successfully completed the 12th integrated flight test of Starship, marking the debut of the upgraded Starship V3 architecture and the company’s first Starship launch in nearly seven months. The launch took place from Starbase, Texas, and represented one of the most ambitious demonstrations yet for the company’s next generation reusable launch system. The mission showcased a wide range of new technologies designed to support future lunar missions, satellite deployment operations, and eventual human missions to Mars.

OKX: ICE Brent And WTI Perpetual Futures To Launch On Crypto Trading Platform

By Amit Chowdhry ● May 23, 2026

OKX and Intercontinental Exchange announced plans to launch perpetual futures contracts based on ICE’s Brent Crude and WTI Crude oil benchmarks on OKX’s trading platform. The new products are expected to be available in jurisdictions where OKX is licensed to offer perpetual futures trading.

SpaceX: $185 Million Memphis xAI Data Center Acquired From Phoenix Investors Affiliate

By Amit Chowdhry ● May 23, 2026

An affiliate of Phoenix Investors announced the sale of a 217-acre, 785,000-square-foot data center property in Memphis, Tennessee to a subsidiary of SpaceX for $185 million. The facility, located at 3231 Paul R Lowry Road, is commonly referred to as Colossus I, the first data center of xAI, which is a subsidiary of SpaceX.

Dell: Enterprise AI Infrastructure And Agentic AI Take Center Stage At Dell Technologies World 2026

By Amit Chowdhry ● May 23, 2026

Dell Technologies unveiled a broad wave of enterprise AI infrastructure, storage, cybersecurity, and partner ecosystem announcements this week at Dell Technologies World 2026 in Las Vegas, positioning itself as a major player in the shift toward on-premises and hybrid AI deployments.

Sorted Wallet: $4.4 Million Raised To Expand Stablecoin Access Across Emerging Markets

By Amit Chowdhry ● May 23, 2026

Sorted Wallet, a lightweight stablecoin wallet designed for feature phones and low-end smartphones, announced a $4.4 million seed funding round led by Tether and Gnosis, with participation from Movement, Angel Invest, and angels including the founders of RWA.io.

Overwatch AI: $1.5 Million Raised To Reduce Flight Disruptions

By Amit Chowdhry ● May 23, 2026

Overwatch AI, a platform designed to help pilots, cabin crew, and aviation operations managers quickly access critical information and make faster operational decisions, announced it has raised $1.5 million in pre-seed funding.

Farther: $150 Million Series D Raised For Intelligent Wealth Management Platform

By Amit Chowdhry ● May 23, 2026

Farther, an intelligent wealth management platform, announced it has raised $150 million in Series D funding led by General Atlantic, with participation from existing investors.

Cycles: $6.4 Million Raised To Build Open Clearing Network For On-Chain Finance

By Amit Chowdhry ● May 23, 2026

Cycles, a startup building an open, privacy-preserving clearing network for crypto markets and stablecoin payments, announced it has raised $6.4 million in funding led by Blockchange Ventures, with participation from Coinbase Ventures, Compound VC, Primitive Ventures, and angel investors. The company said the latest round brings its total funding to $8.7 million following a $2.3 million pre-seed round in 2025.

Shatterdome Energy: $3.5 Million Raised To Build AI-Powered Energy Trading Platform

By Amit Chowdhry ● May 23, 2026

Shatterdome Energy, an AI-driven energy trading and intelligence startup, emerged from stealth with $3.5 million in pre-seed funding to develop a platform designed to help renewable energy operators, utilities, and large power consumers navigate increasingly volatile electricity markets. The round was led by Crucible Capital, with participation from Transpose Platform and Entrepreneurs First.

Vêtir: $5.5 Million Series A Raised At $150 Million Valuation For AI Luxury Fashion Platform

By Amit Chowdhry ● May 23, 2026

Vêtir, an AI-powered luxury wardrobe operating system focused on transforming how consumers get dressed, shop, and manage their wardrobes, announced the successful first close of its Series A financing, raising $5.5 million at a $150 million valuation.

CTC Global Solutions: Pre-Seed Funding Raised To Expand GovCon Platform BIDBridgeVen

By Amit Chowdhry ● May 23, 2026

CTC Global Solutions announced the completion of its first pre-seed funding round with Elevate Ventures to support the expansion of BIDBridgeVen, an operating system designed for government contract bidders.

Stellus Capital: $1.5 Billion Stellus Credit Fund IV Closes At Fundraising Target

By Amit Chowdhry ● May 23, 2026

Stellus Capital Management announced the final close of Stellus Credit Fund IV (SCF IV), with the firm reaching its fundraising target and securing approximately $1.5 billion of investable capital. SCF IV is the successor to Stellus Credit Fund III and officially closed on April 1, 2026. The fund has already invested in 44 portfolio companies.

Marco Sealing Solutions: Pride Seals Acquisition Expands Engineered Sealing Solutions Platform

By Amit Chowdhry ● May 23, 2026

Marco Sealing Solutions, an Align Capital Partners portfolio company, announced the acquisition of Pride Seals, Inc., strengthening its position as a provider of engineered sealing solutions across industrial end markets.

Expedia: Acquisition Of CarTrawler Expands B2B Travel Platform Strategy

By Amit Chowdhry ● May 23, 2026

Expedia Group announced it has entered into an agreement to acquire CarTrawler, advancing its strategy to build a more comprehensive B2B travel platform spanning lodging, activities, car rentals, ground transportation, and Insurtech services.

Tallvine Partners: Marine Infrastructure Platform Expands With Lind Marine Acquisition

By Amit Chowdhry ● May 23, 2026

Tallvine Partners announced the acquisition of Lind Marine, LLC, expanding its North American marine infrastructure platform to the West Coast. The deal marks Tallvine’s second acquisition in the sector following its September 2025 acquisition of Donjon Marine, LLC. Terms of the transaction were not disclosed.

PGIM: $260 Million Deployed As Real Estate Fund Completes 10th Property Acquisition

By Amit Chowdhry ● May 23, 2026

PGIM announced that the PGIM Real Estate Fund completed its 10th property acquisition with the purchase of The Arbor, a 127-unit residential community located in the Riverdale neighborhood of the Bronx, New York, at a gross capitalization of $73.5 million.

Datavault AI And Wellgistics Health Create $4 Billion DelivMeds AI Venture

By Amit Chowdhry ● May 23, 2026

Datavault AI announced a binding term sheet with Wellgistics Health to form DelivMeds AI, Inc., a new healthcare-focused company expected to integrate blockchain-enabled healthcare infrastructure, AI-powered pharmacy services, biometric verification technologies, drone logistics intellectual property, and consumer health platforms. The combined transaction package carries an expected approximate asset value of $4 billion, subject to an independent fairness opinion.

InSphero: PhenoVista Biosciences Acquisition Expands 3D Cell-Based Assay And Imaging Capabilities

By Amit Chowdhry ● May 23, 2026

InSphero AG announced the acquisition of PhenoVista Biosciences, Inc. in a move designed to expand advanced 3D cell-based assay, high-content imaging, and predictive in vitro modeling capabilities for drug discovery and toxicology research.

InMode: Leadership Changes Include New Board Chairman And CFO

By Amit Chowdhry ● May 23, 2026

InMode announced the appointment of Dr. Shlomo Nass as Chairman of the Board and Moshik Itzkovich as Chief Financial Officer, with both appointments effective immediately.

Halsa Global: Voice iQ Conversational Intelligence Platform Launches For Salesforce Users

By Amit Chowdhry ● May 23, 2026

Halsa Global announced the launch of Voice iQ, an AI-powered conversational intelligence and agent quality assurance platform built natively on Salesforce. The platform is designed to help organizations analyze customer conversations, automate quality reviews, and improve coaching workflows directly within Salesforce environments.

Harbor IT: Acquisition Of ComTech Computer Services Expands Southeast Presence And National Platform

By Amit Chowdhry ● May 23, 2026

Harbor IT, a national provider of managed IT services, cybersecurity, AI, and cloud solutions, announced the acquisition of ComTech Computer Services, a managed service provider based in Graham, North Carolina.

Raymond James: $112 Million Advisor Larry Rolland Joins First Farmers Investment Group

By Amit Chowdhry ● May 23, 2026

Raymond James Financial Institutions Division (FID) recently welcomed financial advisor Larry Rolland, CFP, to First Farmers Investment Group (FFIG) at First Farmers Bank & Trust. With the move, Rolland will provide clients with investment and wealth management services through Raymond James Financial Services.

Cetera: $176 Million AUA Team Allegiant Wealth Strategies Joins

By Amit Chowdhry ● May 23, 2026

Cetera announced that financial advisor Mark Yatros and his Michigan-based practice, Allegiant Wealth Strategies, have joined Cetera’s Summit Financial Networks community with approximately $176 million in assets under administration (AUA). Yatros previously spent nearly a decade affiliated with Commonwealth Financial Network before making the transition to Cetera Financial Group following an extensive year-long review of the independent broker-dealer landscape.

American Express And Main Street America Awards $10+ Million To Over 500 Small Businesses Through Shop Small Grants Program

By Amit Chowdhry ● May 23, 2026

American Express and Main Street America announced the recipients of the Amex Shop Small Grants Program, awarding more than $10 million in funding to over 500 small businesses across the United States. Each selected business received a $20,000 grant to support growth initiatives, innovation efforts, and community impact programs.

Oorja Bio: $30 Million Series A Raised To Advance IPF And Fibrotic Disease Therapies

By Amit Chowdhry ● May 23, 2026

Oorja Bio announced its launch as a clinical-stage biotechnology company focused on developing therapies for idiopathic pulmonary fibrosis (IPF) and other fibrotic and cardiopulmonary diseases. The company also announced a $30 million Series A financing led by founding investor Westlake BioPartners.

LPL: $1 Billion Firm Cebert Wealth Advisors Team Joins Platform

By Amit Chowdhry ● May 23, 2026

LPL Financial announced that the advisors of LPL Financial have joined the firm’s broker-dealer and Registered Investment Advisor platform from Ameriprise. The team from Cebert Wealth Advisors reported serving approximately $1 billion in advisory, brokerage and retirement plan assets.

Tribal: $10 Million Seed Raised For Context-Aware AI Agents For Enterprise Systems

By Amit Chowdhry ● May 23, 2026

Tribal announced a $10 million seed round to expand its enterprise-native AI platform designed to help organizations deploy context-aware AI agents across complex enterprise systems. The funding round was led by Team8, with participation from DYDX Capital and a group of angel investors, including enterprise software founders with exits tied to the Salesforce ecosystem and other enterprise technology markets.