Archives

Insight Global Names Cillian Maher As President Of Professional Services Division

By Amit Chowdhry ● Feb 21, 2024

Insight Global recently announced the appointment of Cillian Maher as President of Evergreen, Insight Global's Professional Services Division. Maher's appointment aligns with the company's continued investment in Evergreen - which delivers world class technical and talent services to clients around the globe.

BiVACOR: $13 Million Grant Received From Australian Government

By Amit Chowdhry ● Feb 21, 2024

BiVACOR - a clinical-stage medical device company - announced $13 million (USD) awarded from the Australian Government’s Medical Research Future Fund (MRFF) grant through the Artificial Heart Frontiers Program (AHFP) to support BiVACOR’s Total Artificial Heart program and future product enhancements.

Round13 Digital Asset Fund Reports Over 40% Gains Since Launching

By Amit Chowdhry ● Feb 21, 2024

Round13 Digital Asset Fund (DAF) - which is Canada's only crypto native fund with a unique open-ended structure - announced gains in excess of 40% since its launch in April 2022 amid a challenging market environment. This Fund has quickly made its mark and is consistently outperforming leading cryptocurrencies BTC by 30% and ETH by 60%.

Vistra Names Abdel Hmitti As Managing Director And Global Head of Funds

By Amit Chowdhry ● Feb 21, 2024

Vistra (one of the world’s leading funds service providers) announced the appointment of Abdel Hmitti as Managing Director and Global Head of Funds. Reporting to William Douglas (Vistra's Chief Commercial Officer), Hmitti’s addition to the team marks a significant milestone in Vistra's growth journey.

Agilio Receives New Investment From Five Arrows And TA

By Amit Chowdhry ● Feb 21, 2024

Agilio - a leading UK frontline healthcare operations software provider - announced a strategic growth investment from Five Arrows (the alternative assets arm of Rothschild & Co) and TA Associates to support the next phase of the company’s ambitious expansion plans.

S&P Global Buying Visible Alpha: Details

By Amit Chowdhry ● Feb 21, 2024

S&P Global has announced an agreement to acquire Visible Alpha (the financial technology provider of industry and segment consensus data, sell-side analyst models, and analytics from exclusive sources). This acquisition will create a premium offering of fundamental investment research capabilities on S&P Global Market Intelligence's Capital IQ Pro platform.

Rockwell Automation Reveals Direct Air Capture Carbon Removal Credit Agreement With 1PointFive

By Amit Chowdhry ● Feb 21, 2024

Rockwell Automation (the world's largest company dedicated to industrial automation and digital transformation) has announced an agreement with 1PointFive to purchase carbon dioxide removal (CDR) credits from STRATOS, 1PointFive's Direct Air Capture (DAC) facility under construction in Texas.

Sigma Defense Buying Juno Technologies: Details

By Amit Chowdhry ● Feb 21, 2024

Sigma Defense (a portfolio company of Sagewind Capital and a leading provider to the U.S Department of Defense) recently announced the acquisition of Juno Technologies. Juno Technologies specializes in delivering IT engineering, systems integration, software development, and technical support to the Department of Defense (DoD).

Why Cadre Holdings Is Buying Alpha Safety For $106.5 Million

By Amit Chowdhry ● Feb 21, 2024

Cadre Holdings (a global leader in the manufacturing and distribution of safety and survivability equipment) announced it has entered into a definitive agreement to acquire Alpha Safety Intermediate, LLC (the operating parent of Alpha Safety, a leading nuclear safety solutions company) for $106.5 million excluding working capital and certain other adjustments upon closing.

Why Xalts Is Buying Contour Network

By Amit Chowdhry ● Feb 21, 2024

Xalts - a company that is used by financial institutions and businesses to build and manage digital finance applications - announced its acquisition of Contour Network (owned by a consortium of global banks to accelerate digitization in trade and supply chain finance).

RedBird IMI Buying Global Production Company All3Media

By Amit Chowdhry ● Feb 21, 2024

RedBird IMI recently announced that it has agreed to acquire All3Media, one of the world’s leading independent television production and distribution companies, from its joint owners Warner Bros. Discovery and Liberty Global for £1.15 billion. RedBird IMI is a joint venture between RedBird Capital Partners and International Media Investments focused on building high-growth companies in media, entertainment, and sports.

Vertical Aerospace Receives £8 Million Grant Funding From UK Government

By Amit Chowdhry ● Feb 21, 2024

Vertical Aerospace (a global aerospace and technology company that is pioneering zero-emissions aviation) announces it has been awarded £8 million ($10 million) in grant funding by the UK Government through the Aerospace Technology Institute (ATI) Programme, to develop its next-generation propellers for use on its VX4 aircraft.

Why Allurity Is Buying SRLabs

By Amit Chowdhry ● Feb 21, 2024

Allurity (a European group of leading tech-enabled cybersecurity companies) has completed the strategic acquisition of Security Research Labs (SRLabs), a globally recognized cyber consultancy based in Berlin and Hong Kong. This acquisition marks an important milestone as SRLabs brings unique expertise that enhances Allurity's market position and strengthens its capabilities to deliver a holistic cybersecurity offering.

Zum: A Student Transportation Company Reshaping A $50 Billion Industry

By Amit Chowdhry ● Feb 20, 2024

Zūm is a company that is reimagining student transportation, the nation’s largest mass transit system. The company’s integrated end-to-end cloud-based platform provides a modern service for school districts purpose-built around kids' needs and their families' expectations. Pulse 2.0 interviewed Zum founder and CEO Ritu Narayan to learn more about the company.

Certa: Automating Compliance And Procurement In An $8 Billion Market

By Amit Chowdhry ● Feb 20, 2024

Certa is a company that automates compliance and procurement, allowing companies to onboard third parties 3x faster. Pulse 2.0 interviewed Certa founder and CEO Jag Lamba to learn more about the company.

MyXR: The Software that Powers Engage, A Platform Using Gamification

By Amit Chowdhry ● Feb 20, 2024

MyXR is the software company behind Engage, a behavior modification platform that empowers organizations to reinvigorate and expand their relationship with their audiences through gamification. The MyXR Engage platform can be used by marketers, HR leaders, students, and sports fans. In a recent interview with Pulse 2.0, MyXR's CEO Hans Koch shared more information about the company.

Capital One To Acquire Discover In $35.3 Billion Deal

By Amit Chowdhry ● Feb 20, 2024

Capital One Financial Corporation and Discover Financial Services announced that they have entered into a definitive agreement under which Capital One will buy Discover in an all-stock transaction valued at $35.3 billion. These are the details.

Walmart To Acquire VIZIO For $2.3 Billion: Details

By Amit Chowdhry ● Feb 20, 2024

Walmart and VIZIO announced today that they have entered into an agreement for Walmart to acquire VIZIO for $11.50 per share in cash, equating to a fully diluted equity value of approximately $2.3 billion. The acquisition of VIZIO and its SmartCast Operating System (OS) would enable Walmart to connect with and serve customers in new ways, including innovative television and in-home entertainment and media experiences.

Monumental: Robotics Company Raises $25 Million

By Amit Chowdhry ● Feb 20, 2024

Monumental – a robotics startup on a mission to solve the labor, cost, and sustainability challenges crippling the global construction industry – announced it has raised $25 million in funding led by Plural and Hummingbird. Northzone, Foundamental, NP-Hard Ventures and Material Ventures, and other high-profile angel investors also joined the round.

Recogni: AI-Based Computing Leader Company Secures $102 Million

By Amit Chowdhry ● Feb 20, 2024

Recogni - a leader in AI-based computing - announced the closing of $102 million in Series C funding, co-led by Celesta Capital and GreatPoint Ventures. And existing investors Mayfield, DNS Capital, BMW i Ventures, and SW Mobility Fund also participated.

Wix Partnering With Global-e For Empowering Online Merchants To Expand Global Reach And Seamlessly Sell Internationally

By Amit Chowdhry ● Feb 20, 2024

Wix.com - a leading SaaS website builder platform to create, manage, and grow a global digital presence - announced a strategic partnership with Global-e Online, the global leader of Direct-To-Consumer cross border e-commerce enablement, to offer Wix merchants an advanced international cross-border selling solution. This partnership is building on Wix's robust eCommerce capabilities, empowering merchants to expand its businesses by tapping into Global-e’s industry-leading cross-border functionalities, providing an opportunity to enter and sell in new global markets effortlessly.

Microsoft Expanding AI Infrastructure In Spain Via $2.1 Billion Investment

By Amit Chowdhry ● Feb 20, 2024

Microsoft has announced it is expanding artificial intelligence AI and cloud infrastructure with an investment of $2.1 billion over the next couple of years.

TMT Insights: How This Bootstrapped Media And Entertainment Solutions Company Is Growing About 100% Every Year

By Amit Chowdhry ● Feb 20, 2024

TMT Insights is a professional services and software company working within the media and entertainment (M&E) industry to offer market strategies, technology workflow solutions, third-party vendor management, and operations management software development. With expertise in all aspects of production, post-production, and distribution workflows, TMT’s overarching goal is to accelerate the use of technology across various groups within an organization, helping clients in the M&E world streamline their existing business processes, grow their operations effectively, and thrive in the long term. Pulse 2.0 interviewed TMT Insights CEO and co-founder Andy Shenkler to learn more about the company.

Keyfactor Surpasses $100 Million In ARR

By Amit Chowdhry ● Feb 19, 2024

Keyfactor - an identity-first security solution for modern enterprises - announced it has passed $100 million in annual recurring revenue, demonstrating its clear position as the cybersecurity industry’s leading digital trust innovator. To drive the next chapter of hyper-growth, Keyfactor is expanding its leadership team by promoting Brandon Tubandt to Chief Customer Officer and Jamie Walker to Chief Marketing Officer.

insightsoftware Hits 5-Year Growth Rate Of 425%

By Amit Chowdhry ● Feb 19, 2024

insightsoftware - one of the most comprehensive provider of solutions for the Office of the CFO - announced it achieved a 5-year growth rate of 425 percent. In the last year, it brought several new critical solutions to market to eliminate manual tasks, address skilled labor shortages, and boost productivity for organizations.

Fever: €10 Million Raised To Expand Platform For Virtual Power Plants

By Amit Chowdhry ● Feb 19, 2024

Fever - a Swedish powertech company building an API-centric platform for virtual power plants - announced it raised €10 million in a seed funding round led by General Catalyst, with participation from previous investors, including La Famiglia and Norrsken VC. This funding round will accelerate Fever’s expansion plans, deepen product development, and expand collaborations across Europe.

Kong Open Sourcing New AI Gateway For Developers To Build Multi-LLM Apps

By Amit Chowdhry ● Feb 19, 2024

Kong - a leading developer of cloud API technologies - announced a suite of open-source AI plugins for Kong Gateway 3.6 that can turn any Kong Gateway deployment into an AI Gateway, offering support for multi-Language Learning Models (LLMs) integration.

Report: Capital One Looking To Acquire Discover Financial Services

By Amit Chowdhry ● Feb 19, 2024

Capital One Financial is looking into the acquisition of Discover Financial Services, according to The Wall Street Journal. A deal could be announced as early as tomorrow, and it would likely be an all-stock transaction.

Why Clarience Technologies Is Buying Safe Fleet

By Amit Chowdhry ● Feb 19, 2024

Clarience Technologies (a global provider of visibility and safety technology solutions for transportation) announced that it has acquired Safe Fleet, a leader in safety solutions for fleet vehicles, reinforcing the company’s goal to bring total visibility to transportation by providing technologies that enhance safety, security, and productivity for customers across the industry.

Magic AI: $117 Million Raised To Develop Advanced AI System For Automating Software Development

By Amit Chowdhry ● Feb 19, 2024

Magic AI - a San Francisco-based startup - announced it raised $117 million in Series B funding for further developing its advanced AI system aimed at automating software development. The funding round was led by Nat Friedman and Daniel Gross’s NFDG Ventures, with additional participation from CapitalG and Elad Gil. This funding round brought Magic’s total funding to date to over $145 million.