Archives

American Electric Power Names Two New Directors

By Amit Chowdhry ● Feb 13, 2024

American Electric Power announced that it has agreed with Icahn Capital L.P. and certain of its affiliates, under which Hunter C. Gary, senior managing director at Icahn Enterprises L.P., and Henry (Hank) P. Linginfelter, retired executive vice president of Southern Company Gas, will join AEP's Board of Directors, effective now.

Stifel Hires Stofan Agazzi Investments Team

By Amit Chowdhry ● Feb 13, 2024

Stifel Financial announced that Stofan Agazzi Investments has joined the firm’s independent contractor broker-dealer subsidiary Stifel Independent Advisors, LLC. Based in Joliet, Illinois, Stofan Agazzi Investments is headed by 36-year investment industry veteran Mark Stofan, CFP, President.

Logz.io: Helping Cloud-Native Businesses Manage The Health And Performance Of Their Environments In A $70 Billion Market

By Amit Chowdhry ● Feb 13, 2024

Logz.io is a company that helps cloud-native businesses monitor and secure their environment with a SaaS observability platform based on leading open-source tools. Pulse 2.0 interviewed Logz.io co-founders Asaf Yigal and Tomer Levy to learn more about the company.

Cribl: How This Company Enables Open Observability And Enables Customers To Control Their Data

By Amit Chowdhry ● Feb 13, 2024

Cribl is a company that enables open observability and defies data gravity, giving customers radical levels of choice and control. Pulse 2.0 interviewed Cribl Senior Director of Market Strategy & Competitive Intelligence Nick Heudecker to learn more about the company.

Exponential Markets Raises Strategic Investment From Citi

By Amit Chowdhry ● Feb 13, 2024

Today fintech company Exponential Markets (formerly branded Exponential Exchange) announced a strategic investment from Citi to develop and launch innovative risk mitigation tools. Citi invested in Exponential’s most recent seed round, led by MaC Venture Capital, and included support from Autotech Ventures and Avanta Ventures. This funding round raised the total amount to over $10 million.

Tola Capital: With Over $680 Million In Total Funds, This VC Firm Invests In Disruptive AI Companies

By Amit Chowdhry ● Feb 13, 2024

Tola Capital is a venture capital firm that believes in the power of software, data, and AI to transform the way the world works. Launched in 2010 by experienced software operators at the forefront of cloud computing's rise, the firm backs startups that have enterprise technology experience and are building disruptive and industry-transforming solutions with diverse teams. Pulse 2.0 interviewed Tola Capital co-founder and managing director Sheila Gulati to learn more about the firm.

Wizz: A Social Media App That Gives 16M+ Teens A Safe Place for Self-Expression

By Amit Chowdhry ● Feb 13, 2024

Wizz is a social media discovery app that’s created a space for 13 to 21-year-olds to meet and connect with people that have similar interests as them around the globe. Pulse 2.0 interviewed Wizz CEO Aymeric Roffé to learn more about how the company

Apiture: Delivering Digital Banking Solutions To Financial Institutions

By Amit Chowdhry ● Feb 13, 2024

Semarchy: This Data Integration And Management Company Is Rapidly Growing In An $18 Billion Market

By Amit Chowdhry ● Feb 13, 2024

Semarchy is a leader in the data integration and master data management markets that enables organizations to rapidly generate business value from their data. And its unified platform enables organizations of any size to quickly discover, govern, manage, integrate, and report critical information scattered across applications. Pulse 2.0 interviewed Semarchy chief growth officer Brett Hansen to learn more about the company.

Beta Boom: $14.5 Million Fund II Closed To Invest In Solutions For Underserved Populations

By Amit Chowdhry ● Feb 13, 2024

DeNexus: How This Company Empowers The Industrial Enterprise Quantify Cyber Risk Exposure

By Amit Chowdhry ● Feb 13, 2024

DeNexus is a leading provider of cyber risk modeling for industrial organizations, global (re)insurers, and insurance-linked securities (ILS) investors. The company’s flagship platform, DeRISK, empowers industrial enterprises and risk underwriters to quantify and manage cyber risk exposure on a continuous basis. Pulse 2.0 interviewed DeNexus founder and CEO Jose Seara to learn more about the company.

Jona: Using AI To Analyze Microbiomes And Provide Actionable Insights

By Amit Chowdhry ● Feb 13, 2024

Jona is a company that has developed transformative AI technology to analyze an individual's microbiome, interpret the results, and summarize what is known today about that individual's microbiome profile based on the scientific literature. And with actionable insights and recommendations, individuals can get to the root source of understanding their health, alleviate symptoms, and prevent chronic disease. Pulse 2.0 interviewed Jona founder and CEO Leo Grady to learn more.

Keychain: This Company Plans To Help Brands Find The Right Manufacturing Partners

By Amit Chowdhry ● Feb 13, 2024

Keychain is a platform for CPG manufacturing that works with brands and retailers to bring clarity and convenience to the process of creating products. Starting with a network of over 10,000 manufacturers, Keychain's proprietary and AI-powered platform helps brands quickly find the perfect manufacturing partners. Pulse 2.0 interviewed Keychain co-founder and CEO Oisin Hanrahan to learn more about the company.

Fetcherr: Helping Airline Companies Uplift Revenue And Optimize Workflow

By Amit Chowdhry ● Feb 13, 2024

Fetcherr is an algo-based company that transforms the travel industry with its groundbreaking Generative Pricing Engine (GPE), the first of its kind to leverage AI for real-time, market-responsive pricing decisions. Pulse 2.0 interviewed Fetcherr CEO and co-founder Roy Cohen to learn more about the company.

Greenidge Generation: Vertically Integrated Cryptocurrency Datacenter Company Raises $6 Million

By Noah Long ● Feb 13, 2024

Greenidge Generation Holdings - a vertically integrated cryptocurrency datacenter and power generation company - announced that it has entered into a securities purchase agreement with Armistice Capital that includes an initial investment of $6 million. And the investment from Armistice Capital will provide Greenidge with long-term capital to support the company’s growth strategy and is expected to fund its expansion into low-cost power centers, bitcoin mining, its EPCM business, new AI infrastructure/data centers, and innovative efforts to support increased interest in bitcoin.

Epiris: Over £1 Billion Raised For Fund III

By Amit Chowdhry ● Feb 13, 2024

Epiris announced the final close of Epiris Fund III with total commitments of £1.044 billion. This fund had a target of £850 million and was oversubscribed at its hard cap.

Dood Digital: Helping Brands Fuel Growth Through Digital Marketing

By Amit Chowdhry ● Feb 13, 2024

Dood Digital is a Michigan-based company that recently launched and partners with companies to elevate digital marketing strategies. Pulse 2.0 interviewed Dood Digital founder Marcus Drenth.

Why Tandym Group Is Buying Kolter Solutions

By Noah Long ● Feb 13, 2024

Tandym Group (a national consulting, recruitment, and workforce solutions company) announced that it has acquired Kolter Solutions (a technology staffing company). The terms of the deal were not disclosed.

Alys Pharmaceuticals: $100 Million Financing Raised From Medicxi

By Amit Chowdhry ● Feb 13, 2024

Alys Pharmaceuticals - an immuno-dermatology focused company - recently launched with an R&D pipeline enabled by multiple platform technologies and a $100 million financing by Medicxi. Originating from the aggregation of six asset-centric Medicxi companies, Alys features a robust pipeline of innovative programs and platforms targeting multiple dermatological indications.

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.