Archives

DeepRoute.ai: $100 Million (Series C1) Raised To Develop Smart Driving Solutions

By Amit Chowdhry ● Nov 7, 2024

DeepRoute.ai, a leading artificial intelligence company specializing in developing smart driving solutions, announced a strategic Series C1 funding round at $100 million from a Chinese automotive OEM. This funding will enhance research and development in frontier end-to-end model DeepRoute IO, help scale global automakers' collaboration, explore future Robotaxi business, and support recruiting more AI-native talents.

Why nCino Is Buying FullCircl For $135 Million

By Amit Chowdhry ● Nov 7, 2024

nCino - a leading provider of intelligent banking solutions - announced that it has entered into a definitive agreement to acquire FullCircl. FullCircl is a leading UK-based SaaS platform, which was built to help financial institutions and regulated companies grow revenue, automate and accelerate onboarding, and improve client lifecycle management by removing regulatory and verification roadblocks.

OncoveryCare: Interview With CEO & Co-Founder Hil Moss About The Virtual Cancer Survivorship Clinic

By Amit Chowdhry ● Nov 7, 2024

OncoveryCare is a company that delivers comprehensive and whole-person care to cancer survivors. Pulse 2.0 interviewed OncoveryCare CEO and co-founder Hil Moss to learn more about the company.

MoneyStack: Funding Raised For Helping Those With Sports Betting Addiction

By Amit Chowdhry ● Nov 7, 2024

MoneyStack, a financial counseling platform for behavioral health care, announced a $250,000 pre-seed investment from the Richard King Mellon Foundation. The company will use the funds to accelerate the growth of its proprietary service for gambling addiction, GamFin, throughout the U.S. and expand partnerships with state agencies, non-profits, and other organizations across Pennsylvania.

Schwab Asset Management Launching Mortgage-Backed Securities ETF

By Amit Chowdhry ● Nov 7, 2024

Schwab Asset Management, the asset management arm of The Charles Schwab Corporation, announced today the launching of the Schwab Mortgage-Backed Securities ETF (listed as SMBS on NYSE Arca). The first trading day is expected to be on or about November 19.

UScellular Selling Select Spectrum Assets To AT&T In $1.018 Billion Deal

By Amit Chowdhry ● Nov 7, 2024

Today, United States Cellular Corporation (USM) announced that it has entered into an agreement with AT&T (T) to sell a portion of the Company's retained spectrum licenses for a total consideration of $1.018 billion.

Spirent: Interview With VP Of Product Management Aniket Khosla About The Assurance Solutions Company

By Amit Chowdhry ● Nov 7, 2024

Spirent Communications is a leading provider of test and assurance solutions for next-generation devices and networks. Pulse 2.0 interviewed Spirent’s VP of Wireline Product Management Aniket Khosla to learn more about the company.

Research Grid: $6.5 Million (Seed) Raised To Automate Back-Office Admin For Clinical Trials

By Amit Chowdhry ● Nov 6, 2024

Research Grid, an AI company that helps medical research institutions automate back-office admin for clinical trials, announced it has raised a $6.5 million seed round. The company will use this new funding round to double down on its mission of making clinical trials faster and more successful.

BiggerPockets: Acquisition Of Left Field Investors

By Amit Chowdhry ● Nov 6, 2024

BiggerPockets, a leading educational platform democratizing access to real estate investing, announced the acquisition of passive investing specialists Left Field Investors. With this strategic acquisition, BiggerPockets is launching a new platform, PassivePockets, which enables and supports passive investors with education, community, investment opportunities, and sponsor ratings and reviews in one place.

DoorLoop: Property Management Software Company Raises $100 Million (Series B)

By Amit Chowdhry ● Nov 6, 2024

DoorLoop, a market-leading all-in-one property management software company, announced a $100 million Series B funding round led by JMI Equity. The funding will empower the company to build upon its product offerings and deepen its leadership bench as it continues to stand out as an industry-leading centralized platform for property management.

BondBloxx: Bond ETF Provider Raises $27 Million

By Amit Chowdhry ● Nov 6, 2024

BondBloxx, a specialized provider of bond ETFs, announced a latest capital raise of $27 million. The funding round was led by Macquarie Asset Management - which maintains its minority stake in the company - and also included participation from other new and existing financial investors.

BWXT Buying L3Harris’ A.O.T. Business For About $100 Million

By Amit Chowdhry ● Nov 6, 2024

BWX Technologies and L3Harris Technologies announced the signing of a purchase agreement for BWXT to acquire L3Harris’ Aerojet Ordnance Tennessee, Inc. (A.O.T.) business for approximately $100 million.

HealthFitness: Acquisition Of Corporate Fitness Works

By Amit Chowdhry ● Nov 6, 2024

HealthFitness (a Trustmark company and comprehensive provider of fitness, wellness, and injury prevention programs) announced it has acquired Corporate Fitness Works from co-owners Beth and Michael Vivio, a leader in delivering custom onsite and virtual fitness management solutions.

EP Wealth Advisors: Acquisition Of Gather Financial Planning And Riley Private Client

By Amit Chowdhry ● Nov 6, 2024

EP Wealth Advisors, a leading fee-only RIA with an expanding national footprint and client base, announced the acquisition of Gather Financial Planning in Maine and Riley Private Client in Texas. These new firms—which join existing EP regions—will gain access to EP Wealth’s expansive offerings and growth strategies while adding over $240 million to its assets under management (AUM).

Motorola Solutions Buying Control Room Software Company 3tc Software

By Amit Chowdhry ● Nov 6, 2024

Motorola Solutions announced it has acquired 3tc Software, a provider of control room software solutions for Fire and Rescue Services and Police, based in Leicestershire, United Kingdom (U.K.). 3tc’s computer-aided dispatch (CAD) software was built to maximize 999 call-taker speed and efficiency in high-stress environments.

Stonepeak Buying Air Transport Services Group (ATSG) For $3.1 Billion

By Amit Chowdhry ● Nov 6, 2024

Air Transport Services Group, a global leader in medium-widebody freighter aircraft leasing, air transport operations, and support services, announced that it has entered into a definitive agreement to be acquired by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. The transaction will be an all-cash transaction with an enterprise valuation of about $3.1 billion.

Aspen Standard Wealth Buying $2.8 Billion AUM RIA Summitry

By Amit Chowdhry ● Nov 6, 2024

Aspen Standard Wealth, a firm that serves as a permanent home and long-term partner for successful RIAs, announced that it has acquired Summitry, a leading registered investment adviser with $2.8 billion in assets under management (AUM).

Teledyne Buying Micropac In $57.3 Million Deal

By Amit Chowdhry ● Nov 6, 2024

Teledyne Technologies and Micropac Industries jointly announced that they have entered into a definitive merger agreement that provides for the merger of Micropac with a wholly-owned subsidiary of Teledyne.

CoStar: Deal Closed To Buy Visual Lease

By Amit Chowdhry ● Nov 6, 2024

CoStar Group - a leading provider of online real estate marketplaces, information, and analytics in the property markets - announced that it has completed its acquisition of lease administration and accounting platform Visual Lease. The strategic deal will enhance CoStar Group’s Real Estate Manager business line and provide additional lease management and lease accounting value to corporations of all sizes.

EQT Partners Acquires HR Software Company PageUp

By Amit Chowdhry ● Nov 6, 2024

PageUp Group, a human-resources and talent software company that had been majority-owned by Battery Ventures, has been acquired by global investment firm EQT Group.

Wesco To Buy Data Center Facility Management Services Provider Ascent For $185 Million

By Amit Chowdhry ● Nov 6, 2024

Wesco International announced it has entered a definitive agreement to acquire Ascent, a privately held company based in St. Louis, Missouri and a premier provider of data center facility management services for a cash-free and debt-free purchase price of $185 million.

Houlihan Lokey: Acquisition Of Prytania Solutions (PSL)

By Amit Chowdhry ● Nov 6, 2024

Global investment bank Houlihan Lokey has acquired Prytania Solutions (PSL), a leading provider of technology-driven valuation and analytic services. The bank is continuing to strengthen its market-leading Financial and Valuation Advisory business and offer clients a differentiated experience with data-driven deliverables.

Outrider: Autonomous Yard Operations Company Raises $62 Million (Series D)

By Amit Chowdhry ● Nov 6, 2024

Outrider, a leader in autonomous yard operations for logistics hubs, announced it raised $62 million in an oversubscribed Series D financing round. The round was led by Koch Disruptive Technologies (KDT) and New Enterprise Associates (NEA), with additional investments from 8VC, ARK Invest, B37 Ventures, FM Capital, Interwoven Ventures, NVentures (NVIDIA’s venture capital arm), and Prologis Ventures. This funding round will drive the commercial scaling of Outrider’s autonomous yard operations as a service with many large customers in 2025 and strengthen its position at the forefront of logistics automation.

Fixify: AI-Based IT Help Desk Solution Provider Secures $25 Million (Series A)

By Amit Chowdhry ● Nov 6, 2024

Fixify, an AI-based IT help desk solution provider, announced that it has closed a $25 million Series A funding round co-led by Costanoa Ventures, Decibel Partners and Paladin Capital Group with participation from Scale Venture Partners. And Fixify combines AI with human experts to empower IT teams to quickly diagnose and resolve issues to enhance the overall help desk experience. The funds will be used to scale its workforce and accelerate product development.

Diffblue: AI-For-Code Software Company Raises $6.3 Million

By Amit Chowdhry ● Nov 6, 2024

Diffblue, a creator of the world’s first fully autonomous generative AI-for-code software, announced it raised $6.3 million in new capital as it reached a record six-month period with 326% net new ARR growth from the previous six months. Toffer Winslow (formerly StackState, Dynatrace, RSA Security) was appointed Diffblue’s new CEO to drive the firm’s next growth stage.

SonoSuite: Interview With CEO Sebastián Mañana Lenzi About Helping Independent Music Artists

By Amit Chowdhry ● Nov 6, 2024

SonoSuite is a company committed to empowering independent entities and ensuring they receive their fair share of recognition and royalties despite the industry's evolution. Pulse 2.0 interviewed SonoSuite CEO Sebastián Mañana Lenzi to learn more about the company.

University Of Texas At San Antonio: $4 Million Grant Received For Setting Up Large Scale Neuromorphic Computing Project

By Amit Chowdhry ● Nov 6, 2024

The MATRIX AI Consortium at the University of Texas at San Antonio (UTSA) received a $4 million grant from the National Science Foundation to fund The Neuromorphic Commons (THOR) project. As part of this multi-university initiative, the THOR project offers researchers access to a first-of-its-kind large-scale neuromorphic computing system.

EvoluteIQ: AI-Based Automation Company Raises $20 Million

By Amit Chowdhry ● Nov 6, 2024

EvoluteIQ announced an investment of $20 million in equity and debt led by Round2 Capital, with participation from Nordea Growth Fund, DCAP Select and PH ventures. And this funding will support EvoluteIQ’s plan to enhance its AI automation platform and expand operations globally.

PDS Biotech: Interview With President And CEO Frank Bedu-Addo About The Immunotherapy Company

By Amit Chowdhry ● Nov 6, 2024

PDS Biotech is a late-stage immunotherapy company preparing to initiate a Phase 3 clinical trial evaluating Versamune HPV + pembrolizumab as a potential first-line treatment for recurrent or metastatic HPV16-positive head and neck squamous cell carcinoma (HNSCC). Pulse 2.0 interviewed PDS Biotech President and CEO Frank Bedu-Addo, Ph.D., to learn more about the company.

Highnote: Audio Collaboration Company Raises Funding From Dropbox Ventures

By Amit Chowdhry ● Nov 6, 2024

Highnote, a leading audio collaboration platform, announced that it secured $2.5 million in additional funding, with participation from Dropbox Ventures (an investment initiative of Dropbox investing in the next generation of AI-based apps and tools along with previous investors Afore Capital, Character Capital, Brooklyn Bridge Ventures, and Precursor Ventures. This latest funding round also welcomed new notable executives as angel investors from Figma, Atlassian, Abstract, and Dropbox, and several who previously invested from SoundCloud, Auth0, and Splice.