Archives

Why HTEC Is Buying SYRMIA

By Noah Long ● Feb 13, 2024

HTEC (an end-to-end digital product development and engineering services company) based in San Francisco announced the acquisition of SYRMIA (an embedded software engineering company based in Belgrade, Serbia). This deal is part of HTEC’s overall strategy to further enhance its capabilities in AI, machine learning, and embedded technologies, creating additional value for clients and providing growth opportunities for the talent of both companies.

LeoLabs: $29 Million Closed To Create Enhanced AI-Powered Insights For Space Operations

By Amit Chowdhry ● Feb 13, 2024

LeoLabs - a company with the largest and most comprehensive commercial catalog of objects in low Earth orbit - announced it raised an additional $29 million in financing. This latest funding round enables LeoLabs to scale up its insight delivery by further investing in advanced end-user applications and partner integrations.

Koloma: Geologic Hydrogen Company Raises $246 Million

By Amit Chowdhry ● Feb 13, 2024

Koloma - a geologic hydrogen company that utilizes its technology, proprietary data, and human capital advantages to identify and commercialize these resources globally - has raised $245.7 million in funding.

Why Diamondback Energy Is Buying Endeavor Energy For About $26 Billion

By Amit Chowdhry ● Feb 12, 2024

Diamondback Energy and Endeavor Energy Resources announced that they have entered into a definitive merger agreement under which Diamondback and Endeavor will merge in a transaction valued at about $26 billion, including Endeavor’s net debt. This combination will create a premier Permian independent operator.

KaJ Labs And AGII Announce $25 Million Commitment To Create AI-Powered Products For Lithosphere Ecosystem

By Annie Baker ● Feb 12, 2024

KaJ Labs (a decentralized research organization) and AGII (a Web3 AI platform) announced a joint commitment of $25 million to develop AI-powered products for the Lithosphere (LITHO) Ecosystem.

OPSWAT Launches $10 Million Cybersecurity Skills Scholarship Learning Program

By Amit Chowdhry ● Feb 12, 2024

OPSWAT - a global leader in perimeter defense cybersecurity solutions for critical environments - announced that it is launching a $10 million scholarship program to offer essential CIP training courses. This initiative addresses the increasing demand for certified cybersecurity professionals, mainly within critical infrastructure industries.

ContextLogic To Sell Operating Assets And Liabilities Associated With Wish To Qoo10 For $173 Million

By Dan Anderson ● Feb 12, 2024

ContextLogic (d/b/a Wish) announced that its Board of Directors unanimously approved an agreement to sell substantially all of its operating assets and liabilities, principally comprising its Wish e-commerce platform to Qoo10 ( an ecommerce platform operating localized online marketplaces in Asia) for approximately $173 million in cash, subject to certain purchase price adjustments. The purchase price represents about $6.50 per share and an approximately 44% premium to ContextLogic’s closing stock price on February 9, 2024, the last trading day prior to announcing the transaction.

Starship Technologies: $90 Million Raised To Build Delivery Robots

By Amit Chowdhry ● Feb 12, 2024

Starship Technologies - a company making science fiction a reality by putting delivery robots on streets in the US and Europe - announced it has raised $90 million, co-led by Plural and Iconical. The new funding round, which brings the total raised by Starship to $230 million since its creation in 2014, will be used to expand globally as Starship looks to take advantage of the unstoppable rise in demand for home deliveries.

Voyager Ventures Closes Select Fund I At $100 Million

By Amit Chowdhry ● Feb 12, 2024

Voyager Ventures - a VC firm investing in early-stage climate technology companies in North America and Europe - announced the closing of Voyager Partners Select I, LP at $100 million. This announcement follows Voyager's $100 million Fund I in April 2022, landing a total of $200 million to date to fund the future of a decarbonized global economy.

DASI Simulations: $5 Million Convertible Note Funding Round Closed

By Amit Chowdhry ● Feb 12, 2024

DASI Simulations - a medical technology start-up offering a novel AI-powered medical platforms to advance toward lifetime management and improved outcomes for structural heart interventions - announced it has closed it $5 million convertible note round. The company has now surpassed $7 million in funds raised.

Why Gilead Sciences Is Buying CymaBay Therapeutics For $4.3 Billion

By Annie Baker ● Feb 12, 2024

Gilead Sciences and CymaBay Therapeutics announced a definitive agreement under which Gilead will acquire CymaBay for $32.50 per share in cash or a total equity value of $4.3 billion. Adding CymaBay’s investigational lead product candidate seladelpar for treating primary biliary cholangitis (PBC), including pruritus, complements Gilead’s existing liver portfolio and aligns with its long-standing commitment to bringing transformational medicines to patients.

Teramind: How This Rapidly Growing Company Mitigates Insider Threats And Data Loss

By Amit Chowdhry ● Feb 12, 2024

Teramind is a leading provider of insider threat management and data loss prevention. Since 2014, over 10,000 organizations across all major industries have trusted Teramind for their business process optimization needs. Pulse 2.0 interviewed Teramind Chief Product Officer and Founder Isaac Kohen to learn more.

Bugcrowd Raises $102 Million To Scale AI-Powered Crowdsourced Security Platform

By Amit Chowdhry ● Feb 12, 2024

Bugcrowd announced it has secured $102 million in strategic growth funding to scale its AI-powered crowdsourced security platform offerings globally. Led by General Catalyst - with participation from longtime existing investors Rally Ventures and Costanoa Ventures - this funding round underscores investor confidence in the company's leadership position in the crowdsourced security market.

Smileyscope: How This Company Uses VR To Help Reduce Patient Pain And Anxiety

By Amit Chowdhry ● Feb 12, 2024

Smileyscope is a digital therapeutics company with proprietary technology that reframes medical procedures using choreographed virtual reality (VR) experiences to help reduce patient pain and anxiety and improve the overall patient experience. Pulse 2.0 interviewed Smileyscope CEO Dr. Evelyn Chan to learn more about the company.

EqualSeat: How This Platform Helps Retail Investors Diversify With Alternatives

By Amit Chowdhry ● Feb 12, 2024

EqualSeat (a member of AVANA Companies) is a platform that combines innovative technology and decades of lending experience to bring a simple and effective alternative investment option to individual investors. Pulse 2.0 interviewed AVANA Companies senior product manager Anish Dhanjee to learn more about the platform.

Frontier Bio: Providing Animal Testing Alternatives And Supplying Tissues/Organs For People Needing Transplants In A $1+ Billion Market

By Amit Chowdhry ● Feb 12, 2024

Frontier Bio creates engineered tissues to replace animal testing and save lives. Pulse 2.0 interviewed Frontier Bio’s Head of Vascular Tissue Engineering Sam Pashneh-Tala to learn more.

Next DLP: How This Insider Risk And Data Protection Company Is Transforming A $10+ Billion Market

By Amit Chowdhry ● Feb 12, 2024

Next DLP (Next) is a leading provider of insider risk and data protection solutions. And the Reveal Platform by Next uncovers risk, stops data loss, educates employees, and fulfills security, compliance, and regulatory needs. Pulse 2.0 interviewed Next CEO Connie Stack to learn more about the company.

Valid8: How This Company Extracts And Reconciles Banking Transactions Quickly

By Amit Chowdhry ● Feb 12, 2024

Valid8 is a Verified Financial Intelligence platform that extracts accounting evidence from documents and systems to eliminate sample risk and improve the speed and quality of rendering a professional opinion in financial investigations. Pulse 2.0 interviewed Valid8 Financial co-founder and CEO Chris McCall to learn more about the company.

Doowon Climate Control To Invest Over $30 Million In Georgia-Based Manufacturing Facility

By Amit Chowdhry ● Feb 11, 2024

Governor Brian Kemp recently announced that Doowon Climate Control America (an auto parts manufacturer and supplier) will invest over $30 million in a new manufacturing facility in Metter, creating 200 new jobs in Candler County. This marks the second automotive supplier announced in Candler County in under six months.

Sensos: $20 Million Raised To Fruther Develop Proactive Supply Chain Management Solutions

By Amit Chowdhry ● Feb 11, 2024

Sensos (a Sony Semiconductor Israel spin-off) announced it has successfully closed its Series A funding round to develop a proactive supply chain management solution further. This funding round was led by Mitsui-backed Magenta Venture Partners, joined by JAL Ventures, with the participation of Israel Cargo Logistics and Sumitomo.

Belhaven University Has Launched A Master Of Science In Data Science Program

By Amit Chowdhry ● Feb 11, 2024

Belhaven University has announced a launch of the Master of Science in Data Science (MSDS) degree program with classes set to start on April 29, 2024. This online degree will help prepare students for a next-generation career in data science and analytics.

UBS Private Wealth Management Brings In $2 Billion Advisor Team

By Amit Chowdhry ● Feb 10, 2024

UBS Private Wealth Management announced that Financial Advisors Matthew Foley, Lawrence DeLuise and Christopher Butler have joined the firm. And together with their team, Foley, DeLuise & Associates, they manage over $2 billion in client assets for ultra-high net worth individuals and families. Matt, Larry, and Chris are also joined by team members Jason Lipp, Deanna Wilson, Lori Macaluso, Greg Romano, Linsey Serafino, and Emily Buske.

Speedinvest: Fourth Flagship Fund Closed At €350 Million

By Amit Chowdhry ● Feb 10, 2024

Speedinvest announced that it had raised new capital to deepen its commitment to providing game-changing founder support and helping early-stage startups scale to global success. The final €350 million closing of Speedinvest 4 – which was €50 million above the initial target – brings the firm’s total assets raised for our fourth fund generation to more than €600 million, which includes follow-on vehicles to provide long-term funding to our existing portfolio.

Omega: $6 Million Raised To Enable Users In Leveraging Cross-Chain Digital Assets

By Annie Baker ● Feb 10, 2024

Omega announced it has closed a $6 million funding round, marking a major milestone in its quest to integrate native Bitcoin into the decentralized finance (DeFi) landscape. This funding was spread across three investment rounds, featuring contributions from an impressive roster of participants including Lightspeed Faction, Borderless Capital, Wormhole Cross-Chain Ecosystem Fund (operated by Borderless Capital), Bankless Ventures, Wave Digital, Blockchain.com, Blockchain Founders Fund, Kronos Ventures, XTBO Humla, Cadenza, Psalion Ventures, AlphaLab Capital, Side Door Ventures, and MH Ventures, and others.

Canada Nickel Looking To Build Largest Nickel Procesing Plant In North America

By Annie Baker ● Feb 10, 2024

Nickel mining company Canada Nickel is planning to develop a nickel processing plant in Ontario, which would cost about $1 billion. This plant would be the largest in North American once it is done.

Why Bounteous And Accolite Are Merging

By Amit Chowdhry ● Feb 10, 2024

Bounteous (a digital innovation partner of the world's most ambitious brands) and Accolite Digital (a leading digital engineering, cloud, data & AI services provider) announced a merger, creating a new end-to-end digital transformation services consultancy that partners with leading brands around the globe to co-innovate and drive exceptional client outcomes.

Rockwell Automation Reveals New Open Process Automation Offerings

By Amit Chowdhry ● Feb 10, 2024

Rockwell Automation (the world's largest company dedicated to industrial automation and digital transformation) has announced significant new offerings supporting Open Process Automation. And the innovations include PlantPAx’s control platform, Embedded Edge Compute Module, FactoryTalk Optix, and FactoryTalk DataMosaix.

AI.Fashion: AI-Based Fashion Industry Platform Company Raises $3.6 Million

By Amit Chowdhry ● Feb 10, 2024

AI.Fashion - a Y Combinator-backed leader in AI technology for the fashion industry - announced the early access launch of its latest innovation Persona by AI.Fashion, which comes shortly after raising a $3.6 million seed round led by Neo. And the addition of Persona to the AI.Fashion platform opens up new revenue streams for models by enabling them to book more work virtually and democratizing access to opportunities in the industry.

NewEdge Wealth Opens Atlanta Office With Hires From JPMorgan

By Amit Chowdhry ● Feb 9, 2024

NewEdge Wealth (a registered investment adviser specializing in servicing the needs of ultra high net worth families, family offices, and institutional clients) announced that it opened an Atlanta office with Roland Pritchett and Andrew Noble. Pritchett and Noble (formerly of The Pritchett Group at J.P. Morgan Wealth Management) join NewEdge Wealth along with an experienced client service associate. And Pritchett was named the Managing Director of the Atlanta office.

EssentialDx: How This Company Empowers Leaders Drive Performance And Attract Top Talent

By Amit Chowdhry ● Feb 9, 2024

EssentialDx is a company that exists to empower leaders during critical inflection points, helping them drive performance, foster resilient and adaptive cultures, and attract, engage, and retain top talent. Pulse 2.0 interviewed EssentialDx President Henry Nothhaft, Jr. to learn more about the company.