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Jacobi Strategies has launched the Jacobi Investment Management Harness, a platform designed to help institutional investment teams move proprietary AI prototypes into governed production workflows.

A. O. Smith has entered into agreements with CPE under which the alternative asset manager will acquire an 81% interest in A. O. Smith’s China business at an approximately $400 million valuation.

Archera has raised $15 million in Series C funding to expand its insurance-backed cloud commitment platform as the company surpasses approximately $5.6 billion in annual cloud and AI spending under management. The round was led by Pivot Investment Partners, with participation from existing investors including HighSage Ventures. The financing brings Archera’s total funding to $38.3 million.

AML Analytics has secured a growth investment from Covalent Equity Partners to expand its financial crime testing platform, accelerate AI-powered product development, and grow its international presence.

Radius Global Infrastructure has brought APWireless under the Radius Global Infrastructure name as the company unifies its global digital infrastructure investment operations under a single brand.

Oddball has acquired the Salesforce Technology and Services Business of Synaptic Era, expanding the federal digital services provider’s capabilities in Salesforce, Agentforce, cloud applications, and AI-driven government modernization.

TempusDirect has secured a strategic investment from Aldrich Capital Partners to accelerate the growth of its technology-enabled claims cost containment platform for the U.S. property and casualty insurance industry.

Kalshi has raised $1 billion in Series G funding at a $40 billion post-money valuation as the prediction market company expands into a broader range of financial products and international markets. The round was co-led by Wellington and Sequoia. Additional investors included Baillie Gifford, Stripes, Andreessen Horowitz, Coatue, Layer Global, Morgan Stanley Investment Management, Sequoia Global Equities, CapitalG, Hudson River Trading, and Balyasny Asset Management.

Patrick Industries has reaffirmed its agreement to merge with LCI Industries after LCI received an unsolicited, nonbinding acquisition proposal from Monomoy Capital Partners.

Firehawk Defense has raised more than $150 million in an upsized and oversubscribed Series D financing at a valuation exceeding $1.4 billion as the defense technology company expands U.S. propulsion and energetics manufacturing.

KKR has made a $475 million joint venture investment in Alexandria Real Estate Equities’ majority ownership interest in Campus Point by Alexandria Megacampus, a nearly 2 million-square-foot life science campus in San Diego.

DoorDash has agreed to acquire Instacart in a transaction valued at approximately $17 billion, combining two of the largest platforms serving local commerce, grocery delivery, and on-demand fulfillment.

PROG Holdings plans to enter into a $100 million accelerated share repurchase agreement as the fintech holding company increases the amount available under its broader stock repurchase authorization.

RCG Ventures has closed RCG Ventures Fund VIII with $515 million in capital commitments, exceeding the real estate investment firm’s fundraising target.

RedBird Capital Partners and Sound Ventures have formed a strategic partnership that will deploy $1 billion in investment capital into emerging companies at the intersection of technology, media, and culture.

Ares Capital Corporation has agreed to acquire MidCap Financial Investment Corporation in a stock-and-cash transaction valued at approximately $2.6 billion in enterprise value.

Apple has introduced an all-new MacBook Pro featuring its PROLED XDR Display, bringing tandem OLED technology and Touch capabilities to the Mac for the first time.

Blue Arbor Technologies has raised $10.5 million in Series A funding to advance its RESTORE Neuromuscular Interface System, a platform designed to improve prosthetic control for people with limb loss. The round was led by strategic partner Ottobock, a global provider of prosthetics, neuro-orthotics, and wearable human bionics.

Northstar Security has emerged from stealth with $7 million in seed funding to develop its agentic AI platform for identifying and resolving interconnected cybersecurity risks. The round was led by Wing Venture Capital, with participation from MVP, Outliers, and cybersecurity industry veterans Gerhard Eschelbeck, Renaud Deraison, and Justin Somaini.

Foundation Source is a financial technology and philanthropic services company that helps individuals, families, financial advisors, and institutions establish and manage charitable giving programs. The company provides technology, administration, and specialized expertise across private foundations, donor-advised funds, planned giving, and other charitable vehicles. Under the leadership of CEO Joseph (Joe) Mrak III, Foundation Source has expanded into a broader PhilTech platform through strategic acquisitions and enterprise partnerships. As of year-end 2025, the company supported more than 5,600 private foundations, 20,000 donor-advised fund accounts, and 1,700 nonprofits, while administering more than $55 billion in charitable assets. Pulse 2.0 interviewed Foundation Source CEO Joe Mrak to learn more about his background in financial technology, the emergence of PhilTech, the company's growth strategy, AI-powered philanthropy solutions, and the expanding role of charitable giving within wealth management.

Burns Engineering has acquired PRVN Consultants, expanding its Power & Utilities capabilities and strengthening its presence across the Midwest.

The U.S. Department of Energy’s Office of Energy Dominance Financing has closed a $5.1 billion loan package for Alliant Energy to expand power generation and strengthen grid reliability across Iowa and Wisconsin.

Hummingbird has acquired Quantimon, a machine learning platform focused on anti-money laundering risk detection, as it expands its AI-powered financial crime compliance platform.

Amazon has unveiled a major expansion of its Alexa hardware and smart-home ecosystem with five new devices, including the Echo Show 16, Echo Time, Alexa Photo Frame, Echo Dot, and Echo Studio with Home Camera, along with a new interactive 3D Alexa Home Map.

Samsung Electronics America has announced U.S. availability for Galaxy Buds On, a new pair of open-ear wireless earbuds designed to provide clear audio while allowing users to remain aware of their surroundings. Galaxy Buds On will be available in black for $229 in the U.S. beginning in early November 2026.

Ground Up Investing has reached a $6 million first close for its second impact investment fund, which is targeting $20 million to support agricultural businesses across Africa and Latin America.

Coherence Neuro has raised a $45 million Series A co-led by Founders Fund and The OpenAI Startup Fund to advance technology designed to continuously monitor cancer and eventually enable treatment systems that adapt based on real-time biological data.

Cognitive Credit has secured a $40 million strategic growth investment led by Summit Partners, with continued participation from ETFS Capital, to accelerate global expansion and product development.

Kevel has raised $52 million in new capital to accelerate development of its artificial intelligence-powered commerce media infrastructure and expand globally.

Deetken Impact has completed a $100 million first close of its Inclusive Climate Action Fund, advancing the impact investment manager toward a $300 million fundraising target.