Archives

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 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 - 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 - 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.

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 - 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.

Phase Genomics - a leading innovator at the forefront of genomics technology development - announced $1.5 million in new funding from the Bill & Melinda Gates Foundation to fuel a new antimicrobial discovery platform. Utilizing the power of lysins, phage-derived proteins that selectively kill specific bacteria and archaea, the program addresses two immediate threats that will shape the next century: a growing global antibiotic resistance crisis and the challenge of reducing global greenhouse gas emissions.

StormFisher Hydrogen (a low carbon fuel facility development company) announced it has secured a $30 million investment from ARC Financial. The funding round will be used to develop an existing pipeline of projects in the United States and Canada.

T. Rowe Price announced the launch of Social Security Optimizer, which is a tool designed to help individual investors and plan participants maximize Social Security benefits given their expected lifespan.

Argyle - a leading provider of direct-source income and employment data - announced the successful closing of a $30 million funding round led by Rockefeller Asset Management’s Fintech Innovation Fund. Rockefeller was joined by return investors Bain Capital Ventures, SignalFire, and Checkr.

General Atlantic announced a strategic growth investment in Plusgrade, a leader powering ancillary revenue solutions for the travel industry. With this deal, Novacap will fully exit its stake in Plusgrade, and existing investor CDPQ will remain a significant shareholder.

Simplilearn (a global digital skills training provider) extended its collaboration with Purdue University Online to introduce the Applied Generative AI Specialization program. This program was carefully designed to equip professionals with the essential skills and knowledge needed to navigate the rapidly evolving field of Generative Artificial Intelligence (Generative AI).

Phagenesis - a pioneering UK company that has developed a revolutionary neurostimulation system to treat swallowing dysfunction - announced it has closed a $42 million Series D financing all equity investment round. And investment syndicate was led by EQT Life Sciences, and co-led by Sectoral, with new investors British Patient Capital, Northern Gritstone and Aphelion/Cardeation Capital also joining the round. This funding reflects their recognition of the transformative potential of Phagenesis' cutting-edge therapy, Phagenyx.

Accenture announced it has agreed to acquire Udacity, a digital education pioneer with deep expertise in developing and delivering proprietary technology courses that blend the flexibility of online learning with the benefits of human instruction. The terms of the deal were not undisclosed.

Global Infrastructure Partners (GIP) announced that GIP Emerging Markets Fund I (GIP EM) completed fundraising for more than $2.1 billion in aggregate committed capital.

Healthcare tech company Healthee announced the successful completion of its Series A funding round, co-led by Fin Capital, Glilot Capital Partners, and Group11, with strategic partner TriNet also participating.

JLL Partners (a New York-based middle market private equity firm focused on investing in businesses in the healthcare, aerospace and defense, and business services sectors) announced the appointments of Vikas Mouli and James Shillito to the position of Managing Director.

Limbic - a leading clinical mental health AI technology company - announced that it has raised a funding round of $14 million led by Khosla Ventures and joined by new investors, including Gaingels (an LGBTQIA+/Allies investment syndicate), and Illusian (the family office of Ilkka Paananen, co-founder of Supercell).

Andor Health - a company focused on how patients are managed and monitored - announced it is bringing AI power to remote patient monitoring at Morehouse School of Medicine (MSM).

Openprise - a leader in revenue operations (RevOps) data automation - announced that it closed a $25 million Series B equity raise led by investment funds managed by Morgan Stanley Expansion Capital. Through a strong balance sheet and solid growth, Openprise is able to continue helping high-performance RevOps teams in transforming their data into action, achieving operational agility at scale, and simplifying technology to drive efficient growth.

OQC - a leader in quantum computing-as-a-service (QCaaS) - announced that Chevron Technology Ventures, part of Chevron Corporation, has joined its $100m Series B funding round. Chevron's investment is a significant move by a supermajor into the evolving field of quantum computing.

Commerce Ventures - a leading venture firm focused on innovations across retail and financial services - announced it has closed an oversubscribed fifth fund exceeding $150 million in committed capital. Launched in 2013, Commerce Ventures was the first venture firm built to invest in the platforms and infrastructure that enable both the digitization of industry incumbents and the creation of new challenger brands across the Commerce Continuum. And since being founded inception, the firm has invested in over 100 companies, including category leaders like Bill.com, Canary, Candex, Forter, FleetOps, Kevel, Kin, Marqeta (MQ), Mudflap, MX, Narvar, Socure, Trove and Vestwell. 

Cycode - a leader in Application Security Posture Management (ASPM) with the only complete approach to ASPM - announced the acquisition of Bearer (a modern AI-powered SAST, API discovery, and data leak protection that delivers all three solutions in one to help Cycode overachieve in its mission to deliver faster and safer code. This strategic deal aims to supercharge its complete ASPM with scanning speeds 31% faster than the competition. It utilizes AI for more contextual remediation and enhanced precision and offers an unparalleled developer experience for faster shipping.

Cadence Design Systems recently announced it has entered into a definitive agreement to acquire BETA CAE Systems International AG, which is a leading system analysis platform provider of multi-domain engineering simulation solutions. And the addition of BETA CAE’s proven technologies and talent will accelerate Cadence’s Intelligent System Design strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, unlocking a multi-billion-dollar incremental TAM opportunity.

EverDriven Technologies (an alternative student transportation platform) announced that it has been acquired by Charlesbank Capital Partners, a middle-market private investment firm with offices based out of Boston and New York. And the company had been owned by affiliates of Palladium Equity Partners, LLC. The terms of the deal were undisclosed. 

Barge Design Solutions (an engineering and architecture firm with diverse in-house multidisciplinary practice areas) is collaborating with Vanderbilt University's Future of Learning and Generative AI Initiative to educate executives on how to embrace and harness this groundbreaking technology in business leadership. And to launch this collaboration, Dr. Jules White, senior advisor to the chancellor for generative AI in education and enterprise solutions and professor of Computer Science at Vanderbilt University, and Bob Higgins, Barge's CEO and president, worked together to co-create a new course called 'Generative AI for Leaders,' which comprehensively addresses essential AI skills tailored for business leaders.

Cornerstone Advisors - a leading management and technology consultancy for banks, credit unions, and fintech companies - announced it completed its acquisition of Maple Street, an established vendor management solutions service for banks and credit unions.

DTEX Systems - a global leader in insider risk management - announced that it closed $50 million in Series E funding. CapitalG, the independent growth fund of Google’s parent company, Alphabet - led the new investment round, bringing DTEX Systems’ total funding raised to $138 million. The funding round will be used to expand the company’s engineering team and grow its go-to-market (GTM) operations globally, accelerating its mission to protect global organizations from insider threats proactively.

Topsort announced that it raised $20 million in Series A funding. The funding round was led by Upload Ventures and returning seed round investors Quiet Capital and Pear Ventures. And the Series A round values the company at $150 million.

Entrada - a leading Databricks consulting and implementation services firm - announced it received a strategic investment from Databricks Ventures to help scale the firm's next leg of growth. Entrada's focus in the Databricks ecosystem is accelerating time to value with industry-focused Data and AI solutions.