Archives

Why Modern Wealth Management Is Buying The $1.2 Billion Beltz Ianni & Associates Firm

By Amit Chowdhry ● Mar 8, 2024

Modern Wealth Management - a registered investment advisory (RIA) firm founded to meet the evolving needs of today’s financial professionals and their clients, today announced the strategic acquisition of Rochester, New York-based Beltz Ianni & Associates, a corporate retirement planning and individual wealth management firm with over $1.2 billion in assets.

Sweet Security: Comprehensive Runtime Security Company Raises $33 Million

By Amit Chowdhry ● Mar 8, 2024

Sweet Security—a company that exited stealth six months ago—announced a $33 million Series A funding round. Evolution Equity Partners led the round, which was joined by Munich Re Ventures and Glilot Capital Partners.

Nalu Medical: $85 Million Raised To Develop Non-Pharmacologic Solutions For Chronic Neuropathic Pain

By Amit Chowdhry ● Mar 8, 2024

Nalu Medical - a private company focused on innovative, minimally invasive, and non-pharmacologic solutions for chronic neuropathic pain - announced the closing of an incremental $20 million in equity financing from new investor B Capital, bringing the total Series E round of equity investment to $85 million.

Stevenson Search Partners: Significant Investment Raised From SixSibs Capital

By Amit Chowdhry ● Mar 8, 2024

Stevenson Search Partners (a global life sciences executive search firm) announced that it received a significant long-term investment from SixSibs Capital (a Milwaukee-based family-owned private investment company) for advancing its expansion into a total talent solution company for the global life sciences market.

EnCharge AI Collaborating With Princeton University On AI Chips With Support From DARPA

By Amit Chowdhry ● Mar 8, 2024

EnCharge AI - a company commercializing next-generation AI accelerators - announced a partnership with Princeton University, supported by the U.S. Defense Advanced Research Projects Agency (DARPA), towards developing advanced processors capable of running AI models more efficiently than previously thought possible.

Mesirow: Brian Price Named As CEO

By Amit Chowdhry ● Mar 8, 2024

Mesirow - an independent, employee-owned financial services firm - announced the appointment of Brian D. Price as CEO of Mesirow Wealth Management. In this role, he is responsible for the strategy, growth and market positioning of the private wealth business - which has over $10 billion in assets under management.

PayShepherd: Contractor Management Company Raises C$7 Million

By Amit Chowdhry ● Mar 8, 2024

PayShepherd - a contractor management solution for industrial sites - announced it had closed C$7 million in an oversubscribed round of Seed+ funding to expand its target markets across North America and enhance its platform with new capabilities.

Drucker Wealth Launches Independent Registered Investment Advisor

By Amit Chowdhry ● Mar 8, 2024

Drucker Wealth - a hybrid advisory team with $750 million of assets under management (AUM) led by father-son duo Lance and Gideon Drucker - recently launched their own independent Registered Investment Advisor (RIA) based in New Jersey and serving clients nationally. They have launched a new RIA called Drucker Wealth LLC after the team separated from Hornor, Townsend, and Kent (HTK), which is an independent broker-dealer of 40+ years, where they had been the largest advisory team for a record-setting 18 consecutive years.

Deloitte Unveils InvestAcceleration, An Accelerator For Investment Management From Workday

By Amit Chowdhry ● Mar 8, 2024

Deloitte announced the launch of InvestAcceleration, a new suite of solutions designed for the investment management industry. It is an industry-specific approach to implementing Workday Financial Management.

BRKZ Raises $8 Million To Transform The Building Materials Industry

By Amit Chowdhry ● Mar 8, 2024

BRKZ—a company that helps connect construction businesses with building materials suppliers —announced it raised $8 million in funding. This funding round was co-led by 9900 and BECO Capital, with participation from Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment, and MISY Ventures.

Jabali: $5 Million Closed To Build AI-Powered Game Engine

By Amit Chowdhry ● Mar 8, 2024

Jabali—an AI company advancing game engines and empowering visionary game designers and developers—announced it had raised a $5 million seed round led by BITKRAFT Ventures. Sapphire Sport, Sony Innovation Fund, Canonical Ventures, and angels from Amazon, Google AI, Open AI, and Pinterest also participated. The funding will be used to expand the Jabali team, sharpen proprietary models, and accelerate its product launch.

Theia Insights: $6.5 Million Raised To Build Foundational AI For Investment Community

By Amit Chowdhry ● Mar 8, 2024

Theia Insights—a deep tech startup founded by former Amazon Alexa scientist and solo entrepreneur Dr. Ye Tian—has raised $6.5 million. Unusual Ventures led the funding round, which included participation from Fidelity International Strategic Ventures and Clocktower Ventures, along with several strategic angels.

Enzzo: $3 Million Secured To Transform How Hardware Products Are Created

By Amit Chowdhry ● Mar 8, 2024

Enzzo—a company reimagining how hardware products are created by utilizing generative AI—announced that it raised a $3 million seed investment led by Unlock Venture Partners, with participation from PSL Ventures and the newly created Mayfield/Pioneer Square Labs AIStudio Fund. With this funding round, the company will expand its team and refining and building its platform.

True Wind Capital: Emily Brakebill Named As Partner And Head Of Investor Relations

By Amit Chowdhry ● Mar 8, 2024

Private investment firm True Wind Capital has announced the hiring of Emily M. Brakebill as Partner, Head of Investor Relations. Brakebill joined True Wind effective on March 4, 2024, and will serve on the firm's Investment Committee.

Renovus Capital Partners: $325 Million Continuation Fund Closed

By Amit Chowdhry ● Mar 8, 2024

Renovus Capital Partners - a Philadelphia-area buyout firm focused on founder-owned businesses in the Knowledge & Talent industries - announced that it has closed its first multi-asset continuation fund of about $325 million. With the closing of the CV, Renovus has now raised over $1.5 billion of capital across multiple investment vehicles, marking a new milestone for the firm.

Global Millennial Capital: $20 Million Raised For Funding Early-Stage Ventures

By Amit Chowdhry ● Mar 8, 2024

Global Millennial Capital (GMCL) - a venture capital fund that utilizes a data-driven research approach for identifying investment white spaces in the global technology sector and reducing investment bias - announced the close of its first fund as part of an oversubscribed $20 million private placement round. Anchored by family offices within the Gulf region with participation from international investors, the fund will invest in technology businesses that are exponentially scalable, IP-focused, and led by extraordinary entrepreneurial talent.

Black Tech Nation Ventures Closes $50 Million Inaugural Fund For Lowering Barriers To Capital

By Amit Chowdhry ● Mar 8, 2024

Black Tech Nation Ventures (BTN.vc) - a Pittsburgh-based venture firm announced the closing of a $50 million inaugural fund. And BTN.vc invests in software startups led by founders from diverse backgrounds that have historically been overlooked by venture funding. The fund believes Black, Latinx, female, indigenous, and LGBTQ+ entrepreneurs have the potential to generate outsized returns within the venture industry.

Chamber: Cardiology Solution Company Raises $8 Million

By Amit Chowdhry ● Mar 7, 2024

Chamber Cardio - a technology-enabled cardiology solution - announced an $8 million seed round led by General Catalyst with support from existing investor AlleyCorp and participation from Company Ventures, American Family Ventures, and City Light. In an industry where the transition to value-based care is limited among cardiologists, Chamber has emerged as a dedicated partner that is uniquely positioned to support and collaborate with cardiology practices.

Betr: $15 Million Raised At $375 Million Valuation

By Amit Chowdhry ● Mar 7, 2024

Betr announced it had closed $15 million in strategic equity financing from a premier group of investors at a $375 million valuation. This brought the total funding to date to $100 million.

Yuno: Global Payments Orchestration Platform Raises $25 Million

By Amit Chowdhry ● Mar 7, 2024

Yuno (a leading global payments orchestration platform) announced it had secured $25 million from a consortium of prominent investors, including DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures, and Monashees.

Claroty: Cyber-Physical Systems Protection Company Raises $100 Million

By Amit Chowdhry ● Mar 7, 2024

Cyber-physical systems protection company Claroty has secured $100 million in strategic growth financing. The participants include lead equity investor Delta-v Capital and AB Private Credit Investors at AllianceBernstein, Standard Investments, Toshiba Digital Solutions, SE Ventures, Rockwell Automation, and Silicon Valley Bank, a division of First Citizens Bank. With Claroty's existing $635 million in funding to date, this new funding further establishes the company's leadership position in the critical infrastructure cybersecurity market.

Why Cloudflare Is Buying Nefeli Networks’ Team And Technology

By Amit Chowdhry ● Mar 7, 2024

Cloudflare - the leading connectivity cloud company - announced the launch of Magic Cloud Networking. Magic Cloud Networking is a simple, secure, scalable product for businesses to connect and secure public cloud environments.

Capstack Technologies Raises Funding From Citi Ventures

By Amit Chowdhry ● Mar 7, 2024

Capstack Technologies - the first bank-to-bank marketplace designed to mitigate asset risk - announced it had raised a strategic investment from Citi Ventures, driving a significant milestone in its goal to transform banking technology.

VIAVI Solutions Buying Spirent Communications In $1.28 Billion Deal: Details

By Amit Chowdhry ● Mar 7, 2024

VIAVI Solutions (a leading provider of communications test, measurement, and optical technologies) and Spirent Communications plc (a global provider of automated test and assurance solutions for networks, cybersecurity, and positioning) announced an agreement on the terms of a cash offer for Spirent, which the Spirent Board intends to recommend unanimously. The deal price values Spirent at about £1.005 billion (or $1.28 billion based on the British pound sterling to U.S. dollar exchange rate on March 4, 2024).

Fujitsu And Carnegie Mellon University Partnering On Digital Twin Tech To Visualize Traffic Situations

By Amit Chowdhry ● Mar 7, 2024

Fujitsu Limited and Carnegie Mellon University announced the development of a new technology to visualize traffic situations, including people and vehicles as part of joint research on Social Digital Twin that started in 2022. The technology transforms a 2D scene image captured by a monocular RGB camera into a digitalized 3D format using AI, which estimates the 3D shape and position of people and objects, enabling high-precision visualization of dynamic 3D scenes.

CrowdStrike Buying Flow Security: Details

By Amit Chowdhry ● Mar 7, 2024

CrowdStrike announced it is acquiring Flow Security, the industry’s first and only cloud data runtime security solution. And through this acquisition, CrowdStrike will enhance its modern cloud security with comprehensive real-time data protection spanning endpoint and cloud environments.

Taalas: AI And Silicon Innovator Company Raises $50 Million

By Amit Chowdhry ● Mar 7, 2024

Taalas - an innovator in AI and silicon - announced that it had exited stealth mode and raised $50 million over two rounds of funding led by Pierre Lamond and Quiet Capital.

Shape Memory Medical: Endovascular Embolization Company Raises $38 Million

By Amit Chowdhry ● Mar 7, 2024

Shape Memory Medical - a developer of custom shape memory polymers for endovascular markets - announced that it has completed $38 million in Series C financing led by Earlybird Venture Capital and with the participation of new and existing investors, including HBM Healthcare Investments (Cayman) Ltd., WexMed II LLC, HBM-Medfocus, and Emergent Medical Partners II, L.P.

Keeney Financial Group Merging With Beacon Pointe Advisors

By Amit Chowdhry ● Mar 7, 2024

Beacon Pointe Advisors has announced its latest partnership with Keeney Financial Group. This is Beacon Pointe's first M&A deal in the mid-Atlantic region and in Maryland.

Synctera: Embedded Banking And Finance Company Raises $18.6 Million

By Amit Chowdhry ● Mar 7, 2024

Synctera - a leader in embedded banking and finance - announced that it has raised an $18.6 million extension to its 2021 Series A round, with Lightspeed and Fin Capital co-leading alongside participation from other previous investors NAventures and Diagram. And new investors include Banco Popular and Mana Ventures.