Archives

McKesson Buying Controlling Stake In Core Ventures For $2.49 Billion

By Amit Chowdhry ● Aug 26, 2024

McKesson announced that it signed a definitive agreement to acquire a controlling interest in Community Oncology Revitalization Enterprise Ventures (Core Ventures). Core Ventures, which is a business and administrative services organization, was established by Florida Cancer Specialists & Research Institute, LLC (FCS), a leading physician-owned community oncology practice. FCS physicians will continue to retain a minority interest in Core Ventures.

Magnetar: Alternative Asset Manager Raises $235 Million For AI Fund

By Amit Chowdhry ● Aug 26, 2024

Leading alternative asset manager Magnetar announced the closing of Magnetar AI Ventures Fund LP - which is a $235 million venture fund that invests in early-to-growth stage companies advancing the generative AI revolution. This fund builds on Magnetar’s history of investing opportunistically across the private-public continuum and serving as a long-term partner to portfolio companies.

AT&T: Interview With Assistant Vice President of Hyper-Automation David C. Williams

By Amit Chowdhry ● Aug 26, 2024

David C. Williams is a talented technologist, leader, and senior executive at AT&T whose journey from one of the poorest corners of Dallas, TX, to a leading figure in technology has been a remarkable journey. Williams currently serves as the Assistant Vice President of Hyper-Automation at AT&T, where he has transformed the field of automation. Heading the largest Robotics Process Automation program globally, Williams’ efforts have automated over 100 million contacts, resulting in over $1 billion in operating income with an impressive 4,000% ROI. His technical know-how and unique approaches have also delivered significant financial benefits. Pulse 2.0 interviewed Williams to learn more.

LandingAI: Making Computer Vision Easier For Various Applications

By Amit Chowdhry ● Aug 26, 2024

LandingAI is a company that provides a cutting-edge software platform that makes computer vision easier for a wide range of applications across all industries. Pulse 2.0 interviewed LandingAI’s Senior Director of Partnerships Carl Lewis to learn more about the company.

Mermaid Chart: How This Company Creates Complex Diagrams From Markdown-Style Code

By Amit Chowdhry ● Aug 26, 2024

Mermaid Chart is a company that easily creates complex diagrams from markdown-style code and collaborates with team members in real time. Pulse 2.0 interviewed Mermaid Chart founder and CTO Knut Sveidqvist to learn about the company.

CenterOak Partners: $1.1 Billion Fund III Closed

By Amit Chowdhry ● Aug 26, 2024

Dallas-based private equity firm CenterOak Partners announced today the closing of CenterOak Equity Fund III, L.P.. This fund was oversubscribed and achieved its hard cap with total capital commitments of over $1.1 billion.

Diakonos Oncology: $11.4 Million (Seed) Raised To Advance Differentiated Dendritic Cell Vaccine

By Amit Chowdhry ● Aug 26, 2024

Houston-based Diakonos Oncology - a clinical-stage immuno-oncology company - announced the final closing of an oversubscribed seed financing of $11.4 million. This funding round was led by biotechnology investment firm Restem Group, with participation from existing investors.

V2X Signs $747 Million Contract For F-5 Aircraft Maintenance

By Amit Chowdhry ● Aug 26, 2024

V2X announced that it has been awarded a single-award indefinite-delivery/indefinite-quantity contract valued at $747 million. This F-5 aircraft plays a major role in training naval pilots by providing adversary combat tactics and simulation capabilities. And this advanced training environment ensures pilots are well-prepared for real-world scenarios, enhancing their combat readiness and proficiency.

Trace Machina: Simulation Infrastructure Company Raises $4.7 Million (Seed)

By Amit Chowdhry ● Aug 26, 2024

Trace Machina, a company building simulation infrastructure for safety-critical technologies in physical-world AI, launched out of stealth mode with $4.7 million in funding. Wellington Management led the seed funding round with participation from Samsung Next, Sequoia Capital Scout Fund, Green Bay Ventures, and Verissimo Ventures. And angel investors include Clem Delangue (CEO of Hugging Face); Mitch Wainer (Co-Founder of DigitalOcean); Gert Lackriet (Director of Applied Machine Learning at Amazon); and other industry leaders from OpenAI and MongoDB.

General Catalyst Partners Invests $120 Million In Re:Build

By Amit Chowdhry ● Aug 25, 2024

Re:Build Manufacturing is a company with a vision of re-energizing American manufacturing with high-tech design and engineering capabilities across critical industrial sectors like aerospace, healthcare, defense, and cleantech. Core to its mission is creating enduring jobs while strengthening vulnerable supply chains. General Catalyst announced it is investing $120 million to help support Re:Build’s vision.

VividQ: Computational Holography Company Closes $7.5 Million (Series A) In Funding

By Amit Chowdhry ● Aug 25, 2024

VividQ, an innovator in the computational holography space, announced the completion of an additional $7.5 million in Series A funding. This funding round was led by Foresight Group and included new investors such as GameTech Ventures, and Florida-based Ruttenberg Gordon Investments (RGI), as well as existing investors. And this round brings the company’s total funding to over $30 million.

Otto: Travel-Based AI Agent Company Raises $6 Million (Seed)

By Amit Chowdhry ● Aug 25, 2024

Otto, a company that is building an intelligent and autonomous AI travel agent for business travelers, announced that it has raised a $6 million seed round led by Madrona Ventures, with participation from Direct Travel and angel investors from across the business travel industry like Erik Blachford (former CEO of Expedia), IAC Travel and Couchsurfing; Barney Harford (former CEO of Orbitz and COO of Uber); and Hugh Crean (CEO of Operix and former CEO of Farecast-acquired by Microsoft).