Archives

Microsoft Launches Copilot Pro For $20 Per User Per Month

By Amit Chowdhry ● Jan 16, 2024

Microsoft announced that it recently achieved over 5 billion chats and over 5 billion images with its Copilot AI companion platform. Microsoft recently announced the introduction of Copilot Pro, which is a new premium subscription for individuals that offers a higher tier of service for AI capabilities, brings Copilot AI capabilities to Microsoft 365 Personal and Family subscribers, and new capabilities like the ability to create Copilot GPTs.

Carlyle: Over $600 Million Raised For First CLO Captive Equity Fund

By Amit Chowdhry ● Jan 16, 2024

Carlyle recently announced the final close of its inaugural collateralized loan obligation (CLO) captive equity fund CLO Partners. The fund raised over $600 million, exceeding its initial $500 million target.

SVP Buys Remaining 40% Stake Of IPC For Full Ownership

By Noah Long ● Jan 16, 2024

Strategic Value Partners, LLC and its affiliates (SVP), a global alternative investment firm with over $18 billion of assets under management, recently announced that SVP-managed funds have acquired the remaining 40% of IPC, resulting in full ownership. IPC provides mission-critical trading communication technology and network services to the financial markets industry.

Why Mercer Advisors Is Buying River Glen Wealth Counselors

By Annie Baker ● Jan 16, 2024

Mercer Global Advisors - a national Registered Investment Adviser (RIA) - recently announced the acquisition of Veerkloh, LLC d/b/a River Glen Wealth Counselors. And River Glen is a comprehensive wealth management firm located and operating in West Des Moines, Iowa.

Intuition Robotics: ElliQ 3 AI Companion Launches To Improve Lifestyles For Seniors

By Amit Chowdhry ● Jan 15, 2024

IBM Partnering With SAP On Developing New AI Tools For The CPG And Retail Industries

By Annie Baker ● Jan 14, 2024

IBM recently announced its collaboration with SAP to develop solutions to help clients in the consumer packaged goods and retail industries enhance their supply chain, finance operations, sales, and services using generative AI.

Doc.com Receives $300 Million And $1.3 Billion Valuation

By Amit Chowdhry ● Jan 14, 2024

Silver Rock Group recently announced that it plans to invest $300 million in equity financing in Doc.com, a decentralized telehealth platform providing free basic healthcare and health education to people worldwide. This funding round brought Doc.com’s total valuation to $1.3 billion.

Korr: Insurtech Company Secures $3.2 Million In Funding

By Annie Baker ● Jan 14, 2024

Korr - an insurtech startup based in New York City - recently announced the closing of a $3.2 million seed funding round. These are the details.

Why ABB Is Buying Sevensense

By Noah Long ● Jan 14, 2024

ABB recently announced that it has acquired Swiss start-up Sevensense, a leading AI-enabled 3D vision navigation technology provider for autonomous mobile robots (AMRs).

Safe Software: Strategic Growth Investment Received From JMI Equity

By Noah Long ● Jan 14, 2024

Safe Software - a leading enterprise integration company with unrivaled support for spatial data - recently announced that JMI Equity (JMI) has invested strategically in the high-growth enterprise solutions provider.

Requity Homes: $27 Million Secured To Make Homeownership Accessible

By Annie Baker ● Jan 14, 2024

Requity Homes - a property technology firm based in Toronto, Ontario with the goal of making homeownership more accessible - recently announced the closing of $26 million in equity and debt financing. Co-led by Highline Beta and experienced tech executive and angel investor Sam Sun, the equity funding round also included continued participation from major investor Boardwalk Investment Ltd (Kolias Family Office), Conconi Growth Partners and several angel investors, with new participants including Archangel Adrenaline Fund.

Downpayments: Property Fintech Company Raises $32.8 Million

By Dan Anderson ● Jan 14, 2024

Downpayments - a company that provides interest-free down payments for property investors - recently announced the general availability of its services in Florida, in addition to $32.8 million in initial debt funding from Partners for Growth, and equity from Second Century Ventures (backed by the National Association of Realtors).

Ansys Launches SimAI To Combine Simulation With Generative AI

By Amit Chowdhry ● Jan 14, 2024

Ansys recently launched its newest Artificial Intelligence (AI)-based technology Ansys SimAI, which is a physics-agnostic software as a service (SaaS) application that combines the predictive accuracy of Ansys simulation with the speed of generative AI.

Neocis: Robot-Assisted Dental Implant Surgery Company Raises $20 Million

By Noah Long ● Jan 14, 2024

Neocis - a global leader in robot-assisted dental implant surgery - recently announced that the company has raised $20 million in additional funding.

Fullcast: $34 Million Raised And New Leadership Team

By Amit Chowdhry ● Jan 14, 2024

Ryan Westwood and his co-founders are now pursuing their next venture to push the revenue operations (RevOps) industry forward by successfully completing a $34 million seed round and acquiring RevOps software platform Fullcast.

Patrick Industries Buying Sportech From Monomoy Capital Partners For $315 Million: Details

By Annie Baker ● Jan 14, 2024

Monomoy Capital Partners - a private investment firm focused on private equity and credit investing in the middle market - recently announced it has entered into a definitive agreement to sell Sportech, a leading designer, manufacturer and assembler of cab components and assemblies for a wide range of OEM customers, to Patrick Industries.

Artisight: $42 Million Closed To Advance AI-Driven Smart Hospital Platform

By Amit Chowdhry ● Jan 14, 2024

Artisight - a smart hospital platform powered by industry-defining AI to provide virtual care, quality improvement and care coordination solutions - announced that it raised $42 million in an oversubscribed Series B funding round. And multiple new strategic and client health system investors participated in the round, as well as full participation from Series A investors, including chipmaker NVIDIA.

BlackRock Buying Global Infrastructure Partners For $12.5 Billion: Details

By Amit Chowdhry ● Jan 14, 2024

BlackRock and Global Infrastructure Partners (GIP) - a leading independent infrastructure fund manager - jointly announced that they have entered into an agreement for BlackRock to buy GIP for total consideration of $3 billion of cash and approximately 12 million shares of BlackRock common stock.

Renesas Buying Transphorm In $339 Million Deal: Details

By Noah Long ● Jan 14, 2024

Renesas Electronics Corporation (a premier supplier of advanced semiconductor solutions) and Transphorm (a global leader in robust gallium nitride -or GaN- power semiconductors) recently announced that they have entered into a definitive agreement pursuant to which a subsidiary of Renesas will acquire all outstanding shares of Transphorm’s common stock for $5.10 per share in cash, representing a premium of approximately 35% to Transphorm’s closing price on January 10, 2024, a premium of approximately 56% to the volume weighted average price over the last year and a premium of approximately 78% to the volume weighted average price over the last six months.

CSI Brings In Strategic Investment From TA Associates

By Noah Long ● Jan 14, 2024

CSI - a leading provider of end-to-end financial software and technology - recently announced a strategic investment from TA Associates (TA), a leading global private equity firm. And Centerbridge Partners, L.P. (Centerbridge) and Bridgeport Partners (Bridgeport) will retain their positions as majority and minority investors, respectively.

Wolverine Worldwide Sells Sperry For About $130 Million: Details

By Annie Baker ● Jan 14, 2024

Wolverine World Wide recently announced that it has sold the Sperry brand to Authentic Brands Group and the ALDO Group. These are the details.

Atomic-6: Advanced Composite Manufacturing Company Secures Over $9 Million

By Noah Long ● Jan 14, 2024

Atomic-6 - a leading innovator in advanced composite manufacturing for Aerospace, Ballistic, and Hypersonic applications - recently announced the successful completion of its first two funding rounds.

Dispatch (Formerly OneAdvisory) Raises $8 Million To Improve Client Data For RIAs

By Annie Baker ● Jan 14, 2024

OneAdvisory - the first wealthtech solution enabling effortless client data management for registered investment advisors (RIAs) - recently announced that it has raised $8 million in seed funding. The funding round was led by global venture capital firm F-Prime Capital, with participation from existing investors Fika Ventures, Great Oaks, and Twelve Below.

KlariVis: $11 Million Closed To Develop Data Analytics Solutions For Community Banks And Credit Unions

By Dan Anderson ● Jan 14, 2024

KlariVis - a trailblazer in data analytics solutions for community banks and credit unions - recently announced that it closed its Series B capital round led by Blueprint Equity. The $11 million funding round will fuel further advancements in engineering, product development, customer success, and sales and marketing.

Harbor Health: $95.5 Million Raised To Expand Primary And Specialty Care In Central Texas

By Annie Baker ● Jan 14, 2024

Harbor Health - a primary and specialty clinic group whose goal is to put the consumer at the center of their own health - recently announced that it has secured an additional $95.5 million in funding. These are the details.

WaveBL: Digital Trade Document Company Closes $11 Million In Funding

By Annie Baker ● Jan 14, 2024

WaveBL - a market leader in the digital trade document sector - recently announced that it has raised an additional $11 million from new investors who specialize in the bulk-liquid and smart logistics sectors.

GolfForever: $10 Million Raised To Offer Golfers Of All Ages At-Home Training Systems

By Amit Chowdhry ● Jan 14, 2024

GolfForever - a company that offers golfers of all ages and abilities access to an at-home training system developed by world-class doctors and fitness experts - recently announced it has closed a $10 million Series A funding round led by Clerisy.

Axle: $1.5 Million In Pre-Seed Funding Raised To Modernize Corporate Wall Street Access

By Annie Baker ● Jan 14, 2024

Axle - a SaaS startup focused on modernizing corporate access on Wall Street - recently announced the successful closing of $1.5 million in pre-seed funding.

Rune Labs: Precision Neurology Software And Data Company Raises $12 Million

By Dan Anderson ● Jan 14, 2024

Rune Labs - a precision neurology software and data company - recently announced a strategic round of $12 million, increasing the total amount raised by the company to over $42 million. This funding round was led by a new brain disorder fund, Nexus NeuroTech Ventures, with participation from existing investors, including Eclipse, DigiTx Partners, Moment Ventures, and TruVenturo GmbH.

hyperexponential: Pricing Decision Intelligence Software Company Closes $73 Million In Funding

By Noah Long ● Jan 14, 2024

hyperexponential - a global leader in pricing decision intelligence (PDI) software - recently announced the completion of its $73 million Series B funding round led by global technology-focused investment firm Battery Ventures, with participation from a16z, and existing Series A investor Highland Europe, which increased its holding.