Archives

Norm Ai: Regulatory AI Agent Platform Company Closes $11.1 Million In Funding

By Amit Chowdhry ● Jan 24, 2024

Norm Ai announced it has built the first Regulatory AI Agent platform and is now serving Chief Compliance Officers at companies spanning from the Fortune 100 to small businesses. And Norm Ai raised an $11.1 million seed round, led by Coatue, with participation from Haystack Ventures, M13 Ventures, Basis Set Ventures, Expa Ventures, Atypical Ventures, and AI researchers like the founding CEO of the Allen Institute for AI.

Why Sanofi Is Buying Inhibrx For Up To $2.2 Billion

By Annie Baker ● Jan 24, 2024

Sanofi and Inhibrx - a publicly traded clinical-stage biopharmaceutical company focused on developing a broad pipeline of novel biologic therapeutic candidates – announced it has entered into a definitive agreement under which Sanofi has agreed to acquire Inhibrx following the spin-off of non-INBRX-101 assets into New Inhibrx.

Ascential Technologies: Developing And Automating Complex Processes Across Various Sectors

By Amit Chowdhry ● Jan 24, 2024

Ascential Technologies is a company that designs, develops, and automates complex diagnostics, inspection, and test processes across medical & life sciences, transportation, and specialty industrial end markets. Pulse 2.0 interviewed Ascential Technologies CEO Jeff Moss to learn more about the company.

Dan Doromal: How This Entrepreneur Built Up A Rapidly Growing Ice Vending Business

By Amit Chowdhry ● Jan 24, 2024

Dan Doromal is a self-made entrepreneur and the founder of Everest Ice and Water Systems. Pulse 2.0 interviewed Doromal to learn more about his company.

Farmers Edge To Go Private In Deal With Fairfax

By Noah Long ● Jan 24, 2024

Farmers Edge announced that it has entered into an arrangement agreement with 15635594 Canada, a newly-formed subsidiary of the company's majority shareholder, Fairfax Financial Holdings Limited (FFHL) and FFHL, as guarantor, in respect of a transaction whereby 15635594 Canada will acquire all of the common shares in the capital of Farmers Edge, other than those common shares owned by FFHL and its affiliates and the Farmers Edge Chief Executive Officer at a purchase price of C$0.35 per common share, payable in cash.

Fusemachines To Go Public Through Merger With CSLM Acquisition

By Amit Chowdhry ● Jan 24, 2024

Fusemachines - a leading provider of enterprise AI products and solutions, and CSLM Acquisition Corp. (a special purpose acquisition company), announced the signing of a definitive agreement for a business combination that is expected to result in Fusemachines becoming a public company. Upon closing the deal, subject to approvals by CSLM's stockholders and Fusemachines stockholders and other customary closing conditions, the combined company is expected to list on Nasdaq under the ticker symbol "FUSE."

Netflix Becoming Home For WWE ‘Raw’ In 2025 In A $5+ Billion Deal

By Amit Chowdhry ● Jan 23, 2024

SmithRx: Pharmacy Benefits Management Company Raises $60 MIllion

By Annie Baker ● Jan 23, 2024

SmithRx - a next-generation pharmacy benefits management (PBM) company - announced it closed a $60 million Series C financing round.

TravelPerk: Business Travel Management Platform Company Raises Over $100 Million

By Amit Chowdhry ● Jan 23, 2024

Business travel management platform TravelPerk announced today that it has closed an additional $104 million investment led by SoftBank Vision Fund 2 with significant participation from existing investors, including Kinnevik and Felix Capital.

Why Angeles Equity Partners Is Buying Acieta From Mitsui

By Amit Chowdhry ● Jan 23, 2024

An affiliate of Angeles Equity Partners, LLC - a private investment firm focused on value creation through operational transformation - announced the acquisition of Acieta LLC, a Midwest-based industrial robotics manufacturer and integrator, from Mitsui & Co. (U.S.A.). This deal marks the fourth strategic acquisition by Angeles in the robotics integration sector, complementing its current platform consisting of RōBEX, Mid-State Engineering, and +Vantage.

Myriad Venture Partners: $100 Million In Initial Capital Commitments Closed

By Amit Chowdhry ● Jan 23, 2024

Myriad Venture Partners - an early-stage venture firm focused on AI, clean technology, and B2B software - announced the launch of the firm with $100 million of initial capital commitments from investors, including Xerox as an anchor investor. Myriad utilizes its network of corporate partners and top-tier venture capitalists to build mutually beneficial partnerships with cutting-edge businesses and founders. The firm is targeting investor commitments of $200 million for Fund I.

Neatleaf: Cultivation Management Platform Company Raises $4 Million

By Noah Long ● Jan 23, 2024

Neatleaf - a first-of-its-kind cultivation management platform that uses data, AI, and robotics to help the cultivation industry manage their crops and improve their yields - recently announced that it has secured $4 million led by AgFunder, one of the world's most active food-tech and agriculture-tech investors.

Accent Therapeutics: $75 Million To Pioneer A New Class Of Small Molecule Precision Cancer Therapies

By Amit Chowdhry ● Jan 23, 2024

Accent Therapeutics - a biopharmaceutical company pioneering a new class of small molecule precision cancer therapies - recently announced the completion of a $75 million Series C financing. The funding was led by Mirae Asset Capital Life Science, with participation from other new investors, Mirae Asset Capital, Mirae Asset Venture Investment, Bristol Myers Squibb and Johnson & Johnson Innovation – JJDC and all existing investors, including The Column Group, Atlas Venture, Droia Ventures, GV, EcoR1 Capital, AbbVie Ventures, The Mark Foundation for Cancer Research, Timefolio Capital (formerly known as NS Investment) and others.

ForthStar Games: Golf Clash Maker Company Reveals $10 Million In Funding

By Dan Anderson ● Jan 23, 2024

Playdemic founders Paul Gouge and Alex Rigby recently announced ForthStar, their next mobile free-to-play game studio. Following the run-away, critical and commercial success of Golf Clash and the studio’s subsequent sale to Electronic Arts for a record-breaking $1.4 billion, both are now entirely focused on building ForthStar. Bringing together the best talent in the industry to build games with creativity, innovation, and great gameplay at heart.

Why Monomoy Is Buying EnviroTech Services

By Noah Long ● Jan 23, 2024

Monomoy Capital Partners - a private investment firm focused on private equity and credit investing in the middle market - announced the acquisition of EnviroTech Services, a leading value-added distributor of road surface products and provider of road maintenance services headquartered in Greeley, Colorado.

TPG To Invest In G&A Partners

By Annie Baker ● Jan 23, 2024

G&A Partners (a leading human resources and technology services platform) announced that TPG (a leading global alternative asset management firm) has partnered with the G&A management team and employees to invest in G&A Partners. TPG invests in the business through TPG Capital, its U.S. and European private equity platform.

CardioSignal: $10 Million Raised To Develop Solutions For Early Detection Of Heart Diseases

By Amit Chowdhry ● Jan 23, 2024

CardioSignal announced the closing of $10 million in Series A funding today, led by DigiTx Partners, with participation from Sandwater and existing investor Maki.vc. And David J. Kim, M.D., managing director of DigiTx, will be joining the board.

Albedo: $35 Million Closed To Offer Aerial Quality Imagery From Space

By Amit Chowdhry ● Jan 23, 2024

Albedo - a company to offer aerial quality imagery from space enabled by the new orbit frontier of VLEO (very low earth orbit) - announced a $35 million Series A-1 financing round led by Standard Investments, bringing the company’s total funding to $97 million.

PhageLab: $11 Million Secured For Developing Bacteriophage Solutions To Treat Livestock Bacterial Outbreaks

By Noah Long ● Jan 23, 2024

PhageLab - a biotechnology company developing bacteriophage-based applications to seek and destroy multidrug resistant bacteria in the livestock industry - announced today a $11 million funding round with investment from Nazca, Collaborative Fund, Water Lemon Ventures and individual investor Kevin Efrusy.

Ansel: $20 Million Raised To Bring Supplemental Insurance To Americans

By Annie Baker ● Jan 23, 2024

Ansel - an insurtech company to build a world where health hardships do not create financial burdens - announced recently that it had raised $20 million in funding led by Portage, with participation from Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI, Operator Partners, Morgan Creek Capital Management, and several others.

Bluewhite: Agricultural Robot-As-A-Service Company Raises $39 Million

By Annie Baker ● Jan 23, 2024

Bluewhite - an agricultural Robot-as-a-Service (RaaS) company enabling data-driven autonomous farming - recently announced that it secured $39 million in Series C financing led by Insight Partners, with participation from new investors Alumni Ventures and LIP Ventures, among others. And existing investors Entrée Capital, Jesselson, and Peregrine Ventures also participated in the financing round.

Silverfort: Identity Protection Company Secures $116 Million In Funding

By Amit Chowdhry ● Jan 23, 2024

Silverfort - a leading identity protection company - recently announced $116 million in series D funding, bringing the total amount raised to $222 million. Brighton Park Capital (BPC) led the funding round, with participation from existing investors, including Acrew Capital, Greenfield Partners, Citi Ventures, General Motors Ventures, Maor Investments, Vintage Investment Partners, and Singtel Innov8.

Elephas Biosciences: Oncology Imaging Diagnostics Platform Company Raises $55 Million

By Amit Chowdhry ● Jan 23, 2024

Elephas Biosciences announced today that it has raised $55 million in Series C funding. Venture Investors Health Fund and State of Wisconsin Investment Board (SWIB) led the round.

Visit Group: Hospitality Software Solutions Company Raises Over €100 Million

By Annie Baker ● Jan 23, 2024

Visit Group - a market-leading Nordic-based hospitality and travel software company - recently announced more than €100 million in strategic growth investment from PSG Equity (“PSG”), a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth. PSG is acquiring a majority stake in the company.

EMPEQ Raises Funding From Leonid Capital Partners

By Annie Baker ● Jan 23, 2024

Leonid Capital Partners - a leading provider of alternative financing solutions for US Defense contractors - recently announced a strategic investment in EMPEQ, a technology company tackling critical National Security challenges through advanced materials analysis.

Why Deloitte Is Buying The Assets Of Giant Machines

By Amit Chowdhry ● Jan 23, 2024

Deloitte announced that it had acquired substantially all of the assets of Giant Machines, a digital product company based in New York City. The Giant Machines business focuses on strategizing, designing, and engineering innovative digital products, and will help bolster Deloitte Digital and Deloitte Engineering capabilities to offer clients a robust suite of services to deliver strategic and scaled engineering solutions.

XGS Energy: Geothermal Energy Technology Company Raises $9.7 Million

By Annie Baker ● Jan 23, 2024

XGS Energy - an innovator in next-generation geothermal energy technology - announced that it has raised an additional $9.7 million.

TPG Investing $228 Million In Sayari

By Amit Chowdhry ● Jan 23, 2024

Sayari (a counterparty and supply chain risk intelligence provider trusted by government agencies, multinational corporations, and financial institutions) and TPG (a global alternative asset management firm) announced that they have signed a definitive agreement for TPG Growth, the firm’s middle market and growth equity platform, to make an up to $228 million strategic majority investment in Sayari. And Sayari’s founders, employees, and existing investors will retain a significant stake in the company.

Daytrip: Global Travel Platform Company Secures $10 Million

By Annie Baker ● Jan 23, 2024

Daytrip - a global travel platform providing private door-to-door car transfers in over 110 countries worldwide - recently announced the closing of a Series B investment led by Taiwania Capital, with participation from existing investors Euroventures, J&T Ventures, and N1.

S2 Genomics: Tissue Sample Preparation Company Raises Series A

By Noah Long ● Jan 23, 2024

S2 Genomics - a leading manufacturer of tissue sample preparation systems for single-cell genomics assays - announced today that it has raised $16 million in Series A funding from BroadOak Capital Partners and Research Corporation Technologies (RCT).