Archives

Derq Wins U.S. Department Of Transportation Contract To Test AI-Powered Intersection Safety Technology

By Amit Chowdhry ● Oct 23, 2026

Derq, a Detroit-based artificial intelligence transportation technology company, has received a federal contract from the U.S. Department of Transportation under the first phase of its Intersection Safety Systems initiative.

Tidepool Receives Breakthrough T1D Research Grant To Develop Automated Insulin Delivery Technology Without Meal Announcements

By Amit Chowdhry ● Oct 23, 2026

Tidepool, a Palo Alto, California-based nonprofit developing diabetes management software, has received research funding from Breakthrough T1D to advance an automated insulin delivery algorithm designed to reduce the need for manual carbohydrate counting and mealtime insulin adjustments.

Formic Raises $50 Million To Expand Physical AI And General-Purpose Robotics Across U.S. Manufacturing

By Amit Chowdhry ● Oct 23, 2026

Formic has raised $50 million in growth capital to expand its physical AI platform and accelerate its move from task-specific industrial automation into general-purpose robotics. The financing includes a Series B led by Mercato Partners, with participation from Light Ray Ventures, Lightscape Partners, Citi, and other new and existing investors. Formic also secured debt financing from S2G Investments.

Corgi Invest Launches 14 Fixed Income ETFs With Fees As Low As 0.02%

By Amit Chowdhry ● Oct 23, 2026

Corgi Invest has launched 14 fixed income exchange-traded funds spanning U.S. Treasuries, Treasury Inflation-Protected Securities, aggregate bonds, investment-grade corporate bonds, high-yield credit, and fallen angels, with annual expense ratios ranging from 0.02% to 0.08%.

Latham & Watkins Promotes 36 Associates To Partner, Bringing 2026 Total To 58

By Amit Chowdhry ● Oct 22, 2026

Latham & Watkins has elected 36 associates to its partnership, with the promotions taking effect January 1, 2027. The annual promotion class brings the total number of new partners announced by the firm in 2026 to 58, following the election of 22 counsel to the partnership earlier in the year.

Reduck Raises $3 Million To Build Web Fast Lanes For AI Agents

By Amit Chowdhry ● Oct 22, 2026

Reduck has raised $3 million in pre-seed funding to build infrastructure that enables AI agents to interact with websites and software environments that do not offer APIs or agent-native integrations. The round was led by Daphni, with participation from Drysdale Ventures and Galion.exe.

EQT To Acquire QIAGEN In €10.8 Billion Take-Private With ADIA And CPP Investments

By Amit Chowdhry ● Oct 22, 2026

QIAGEN has entered into an agreement supporting an all-cash voluntary public takeover offer from EQT Private Equity that values the life sciences and molecular diagnostics company at approximately €10.8 billion in enterprise value, or about $12.1 billion at current exchange rates.

Pantheon Closes $6 Billion Private Equity Secondaries Program Above Target

By Amit Chowdhry ● Oct 22, 2026

Pantheon has closed its latest global private equity secondaries program with $6 billion in commitments, significantly exceeding the strategy's original $3.5 billion target.

Ares And Norges Bank Investment Management Form €1.5 Billion European Logistics Partnership

By Amit Chowdhry ● Oct 22, 2026

Ares Management has established a European logistics investment partnership with Norges Bank Investment Management, with NBIM committing €1.5 billion of equity to the strategy.

IFM Investors Fund To Acquire Majority Stake In Associated British Ports From CPP Investments And OMERS

By Amit Chowdhry ● Oct 22, 2026

CPP Investments and OMERS have agreed to sell their entire stakes in Associated British Ports to a fund managed by IFM Investors, transferring majority ownership of the U.K. ports operator to the infrastructure investor.

Renovus Capital Partners Backs Aspire Home Health Care To Support Midwest Expansion

By Amit Chowdhry ● Oct 22, 2026

Renovus Capital Partners has formed a strategic partnership with Aspire Home Health Care, a provider of orthopedic and traditional home health services serving patients across the Chicagoland area and Wisconsin.

The Broe Group Acquires 204-Unit 525 Olive Luxury Apartment Building In San Diego As Part Of Billion-Dollar Multifamily Initiative

By Amit Chowdhry ● Oct 22, 2026

Broe Real Estate Group (BREG), the real estate investment affiliate of The Broe Group, has acquired 525 Olive, a 204-unit luxury apartment building in San Diego's Bankers Hill neighborhood. The transaction marks the Colorado-based investment group's entry into the Southern California multifamily market as part of a broader billion-dollar residential real estate initiative.

FORT Robotics Secures About $20 Million In New Funding Commitments Led By Tiger Global And Mark Cuban Companies

By Amit Chowdhry ● Oct 22, 2026

FORT Robotics, a Philadelphia-based provider of safety technology for autonomous machines and robotics systems, has secured approximately $20 million in additional financing commitments from existing investors, including Tiger Global and Mark Cuban Companies. The investment consists of approximately $10 million in financing led by Tiger Global, with participation from Mark Cuban Companies, expected to close during the week of the announcement, and an additional $10 million commitment from Tiger Global to a previously announced private investment in public equity (PIPE) financing.

GEM Closes $685 Million Independent Sponsors Fund II To Expand Lower Middle Market Private Equity Investments

By Amit Chowdhry ● Oct 22, 2026

GEM, an independent investment management firm headquartered in Charlotte, North Carolina, has completed the final closing of GEM Independent Sponsors Fund II, securing $685 million in total program commitments.

Helion Signs LOI For Up To $175 Million In CHIPS Act Funding, Supporting $225 Million Semiconductor Investment

By Amit Chowdhry ● Oct 22, 2026

Helion, an Everett, Washington-based fusion energy company, has signed a letter of intent with the U.S. Department of Commerce for up to $175 million in proposed funding under the CHIPS and Science Act. Together with an additional $50 million in private investment, the initiative would support approximately $225 million in research and development focused on advanced semiconductor technologies needed for commercial fusion energy.

Vertical Semiconductor Signs Letter Of Intent For Up To $73 Million In CHIPS Act Funding To Advance AI Data Center Power Technology

By Amit Chowdhry ● Oct 22, 2026

Vertical Semiconductor, a Boston-based power semiconductor company spun out of the Massachusetts Institute of Technology, has signed a letter of intent with the U.S. Department of Commerce for up to $73 million in proposed funding under the CHIPS and Science Act.

Xona Raises $250 Million Series D Led By Future Ventures At $2.45 Billion Valuation To Expand Satellite Navigation Network

By Amit Chowdhry ● Oct 22, 2026

Xona, a Burlingame, California-based company developing commercial satellite navigation infrastructure, has raised $250 million in Series D equity funding led by Future Ventures, the investment firm co-founded by Steve Jurvetson. The financing values Xona at $2.45 billion and increases its total capital raised since 2019 to more than $570 million.

Coast Raises $35 Million In Growth Equity Led By Thomvest Ventures To Expand Financial Platform For Field Service Businesses

By Amit Chowdhry ● Oct 22, 2026

Coast, a financial technology company providing payment cards and expense management solutions for businesses operating in the physical economy, has raised $35 million in growth equity funding led by Thomvest Ventures. The round included new investors Intuit Ventures, Small World Capital, and Alpha Square Group, alongside existing investors ICONIQ Growth, Accel, Insight Partners, Better Tomorrow Ventures, Avid Ventures, Vintage Investment Partners, Colle Capital, Synchrony, RXR, and The Fintech Fund.

Slingshot Insurance Emerges From Stealth With $27 Million Seed Funding Co-Led By Rally Ventures And Skyward Group

By Amit Chowdhry ● Oct 22, 2026

Slingshot Insurance, an artificial intelligence-native insurance technology company focused on embedded insurance products, has emerged from stealth with $27 million in seed financing co-led by Rally Ventures and Skyward Group.

WILDE Raises $40 Million From S2G Investments To Expand Protein Snack Production And Product Innovation

By Amit Chowdhry ● Oct 22, 2026

WILDE, a Lexington, Kentucky-based snack company specializing in protein-rich chips and crackers, has secured a $40 million investment from S2G Investments. The financing will support manufacturing expansion, new product development, and marketing initiatives as the company builds on more than $100 million in sales and distribution across over 35,000 retail locations nationwide.

Mave Raises $34 Million Including $28 Million Series A To Expand AI-Powered Security Operations

By Amit Chowdhry ● Oct 22, 2026

Mave, a developer of agentic artificial intelligence technology for enterprise cybersecurity, has raised $34 million in total funding, including a $28 million Series A led by Red Dot Capital Partners with participation from Lumir Growth Partners. Existing investors Dell Technologies Capital and Emerge Ventures also participated in the Series A after previously backing Mave's $6 million seed round.

Sequoia Financial Group Acquires $175 Million Firm Quish, Expanding Colorado Wealth Management Presence

By Amit Chowdhry ● Oct 22, 2026

Sequoia Financial Group, an SEC-registered wealth management firm overseeing more than $36 billion in assets under management, has acquired Quish, an independent family office and wealth management firm based in Boulder, Colorado.

Warp Sciences Emerges From Stealth With $215 Million In Funding To Build AI-Powered Drug Discovery Chemistry Labs

By Amit Chowdhry ● Oct 22, 2026

Warp Sciences, a San Francisco-based biotechnology infrastructure company, has emerged from stealth with $215 million in funding to develop a U.S.-based chemistry contract research organization (CRO) that integrates artificial intelligence, robotics, and medicinal chemistry expertise. The financing was led by Lightspeed, with participation from Premji Invest, Mayfield, IVP, Lux, Conviction, Menlo Ventures, and several other venture capital firms. Additional investors include 01 Advisors, Standard, Lowercarbon Capital, Gigascale Capital, Angular Ventures, Scribble Ventures, Uncork Capital, Innovation Endeavors, Matter VP, Zero Shot Fund, SignalFire, and Moxxie Ventures.

Podium Surpasses $150 Million In AI Agent Annual Recurring Revenue And Deploys More Than 20,000 AI Agents

By Amit Chowdhry ● Oct 22, 2026

Podium, a software company providing artificial intelligence tools for local businesses, has surpassed $150 million in AI-specific annual recurring revenue (ARR), reaching the milestone approximately two and a half years after expanding into AI agents. The company said its original software business required eight years to reach the same revenue level, illustrating the faster growth of its newer AI-focused offerings.

Maxinsights Raises $30 Million In Seed Funding Led By Peak XV To Build Physical AI Data Platform For Robotics

By Amit Chowdhry ● Oct 22, 2026

Maxinsights, a Santa Clara, California-based company developing training data infrastructure for physical artificial intelligence, has raised $30 million in seed funding led by Peak XV. The financing included participation from Tola Capital, South Park Commons, INCE Capital, and Alumni Ventures.

Cognitive Credit: $40 Million Growth Investment To Expand AI-Powered Credit Analytics

By Amit Chowdhry ● Oct 22, 2026

Cognitive Credit, a provider of corporate credit data, analytics, and artificial intelligence technology, has secured a $40 million strategic growth investment led by Summit Partners, with continued participation from existing investor ETFS Capital.

QumulusAI Expands Equipment Lease Financing With Tech Finance Co. To $123.6 Million For NVIDIA Blackwell GPUs

By Amit Chowdhry ● Oct 22, 2026

QumulusAI, an Atlanta-based provider of AI cloud infrastructure, has expanded its equipment lease financing arrangement with Tech Finance Co. (TFC) to approximately $123.6 million, up from the previously announced $26 million in May 2026.

Tucows Announces Ting Fiber Exit From Colorado Springs With Network Lease Transfer Expected In March 2027

By Amit Chowdhry ● Oct 22, 2026

Tucows has announced that its indirect wholly owned subsidiary, Ting Fiber, has entered into agreements to transfer its dark fiber network lease in Colorado Springs, Colorado.

Fort Point Capital Sells AMS Fulfillment To Stord Following Seven-Year Investment And National Expansion

By Amit Chowdhry ● Oct 22, 2026

Fort Point Capital, a Boston-based private equity firm focused on lower-middle-market services companies, has completed the sale of AMS Fulfillment to Stord, an Atlanta-based provider of e-commerce fulfillment services and technology.

Pilot Fiber Raises Over $330 Million Led By Fengate And Agrees To Acquire Boldyn Networks’ New York And New Jersey Fiber Business

By Amit Chowdhry ● Oct 22, 2026

Pilot Fiber, an enterprise connectivity provider serving the New York metropolitan area, has entered into a definitive agreement to acquire the New York and New Jersey metro fiber business of Boldyn Networks.