Archives

University Of Michigan: ‘Looking To Michigan’ Campaign Aims For $7 Billion Raise

By Amit Chowdhry ● Nov 3, 2024

The University of Michigan announced its most innovative fundraising campaign to date, intending to raise $7 billion. This is the largest effort in its history and the largest known campaign goal of any public university.

Raymond James Onboards $1.3+ Billion FA Melinda Johnston

By Amit Chowdhry ● Nov 3, 2024

Raymond James recently onboard financial advisor Melinda Johnston to the firm’s employee advisor channel Raymond James & Associates (RJA) in Fort Worth, Texas. Edward Sudzina, Western Gulf regional director for RJA, revealed this announcement.

Waverly Advisors Buys $1 Billion Advisory Firm 9258 Wealth Management

By Amit Chowdhry ● Nov 3, 2024

Waverly Advisors, a federally registered investment adviser (RIA) that specializes in investment management, financial planning and wealth management solutions for a diverse group of high-net-worth individuals, corporate retirement plans and institutional clients, acquired 9258 Wealth Management, an investment advisory firm and tax preparation and planning business headquartered in Cincinnati, Ohio. This partnership adds three Ohio-based office locations to Waverly’s growing footprint and $1 billion in assets under management (AUM).

Oxla: Distributed Analytical Database Company Closes $11 Million (Seed)

By Amit Chowdhry ● Nov 3, 2024

Oxla - a high-performance distributed analytical database designed from the ground up for large-scale data processing - announced it raised $11 million in seed funding. And Oxla reinforced its status as a global company by completing its transition from a Polish domicile to US legal incorporation in Delaware, a strategic move aimed at strengthening its international presence and facilitating further growth.

Aignostics: $34 Million (Series B) Raised To Turn Complex Pathology Data Into Transformative Insights

By Amit Chowdhry ● Nov 3, 2024

Aignostics - a global AI company that turns complex multi-modal pathology data into transformative insights - announced that it has raised $34 million in Series B financing. This additional funding will be used for building new product offerings for biopharmaceutical clients, driving growth within the US and developing leading foundation models for pathology in collaboration with the Mayo Clinic. This oversubscribed funding round was led by ATHOS, with investments from Mayo Clinic and growth financing from HTGF, along with support from existing investors Wellington Partners, Boehringer Ingelheim Venture Fund, CARMA Fund, and VC Fonds Technologie managed by IBB Ventures.

Sierra: Conversational AI Company Raises $175 Million At $4.5 Billion Valuation

By Amit Chowdhry ● Nov 3, 2024

Sierra, a conversational AI company founded by former Salesforce co-CEO Bret Taylor, announced it raised $175 million in funding led by Greenoaks Capital. ICONIQ and Thrive Capital contributed to this new funding round. This funding round valued Sierra at $4.5 billion, more than quadrupling its $1 billion valuation in January.

NEPC: Hightower Acquires Majority Investment

By Amit Chowdhry ● Nov 3, 2024

Hightower announced it will acquire a majority interest in NEPC, a leading investment consultant and outsourced chief investment officer (OCIO). Combining under a common parent company will enable each organization - NEPC and Hightower Advisors (one of the country’s leading RIAs) - to expand their commitments to clients to deliver institutional-quality investment solutions and research-driven advice.

Modern Wealth Buys $1.4 Billion RIA Petso Financial And Surpasses $6 Billion AUM

By Amit Chowdhry ● Nov 3, 2024

Modern Wealth Management—a registered investment advisory (RIA) firm founded to meet the evolving needs of today’s financial professionals and their clients—announced the acquisition of Boise, Idaho-based Petso Financial Consultants, a fee-only financial advisory firm with about $1.4 billion in assets under management (AUM). This deal is Modern Wealth’s eleventh acquisition to date and its sixth of the year, bringing its total AUM to over $6 billion.

Detectify: Majority Stake Acquired By Insight Partners

By Amit Chowdhry ● Nov 3, 2024

Detectify - an Attack Surface Management platform for AppSec teams powered by elite ethical hackers - announced that global software investor Insight Partners has acquired a majority stake in the company. The deal involved securing funding to accelerate product innovation and drive profitable growth.