Archives

Ansys Expanding AI Offerings With New Virtual Assistant

By Amit Chowdhry ● Aug 1, 2023

Ansys recently announced the limited beta release of AnsysGPT, a multilingual, conversational AI virtual assistant set to revolutionize the way Ansys customers receive support. Developed with state-of-the-art ChatGPT technology available via the Microsoft Azure OpenAI Service, AnsysGPT uses well-sourced Ansys public data to answer technical questions concerning Ansys products, relevant physics, and engineering topics within one comprehensive tool.

MSPbots: $5 Million Secured To Build Intelligence Solutions For Automating Tasks

By Amit Chowdhry ● Aug 1, 2023

Micah Solomon On Customer Service Excellence

By Amit Chowdhry ● Aug 1, 2023

Micah Solomon is a customer service consultant, bestselling author, trainer and eLearning producer, and keynote speaker. Many companies turned to Solomon for improving customer service, company culture, customer experience, innovation, entrepreneurship, and intrapreneurship. Pulse 2.0 interviewed Micah Solomon about his book Ignore Your Customers And They’ll Go Away to learn more.

Valhalla Ventures: $66 Million Fund I Debuts

By Amit Chowdhry ● Jul 31, 2023

Valhalla Ventures - an early-stage venture capital firm - recently announced its debut $66 million flagship fund to invest in audacious innovators challenging the status quo across deeptech and gaming. And the firm is committed to supporting entrepreneurs who are unafraid to question consensus views and push the boundaries of science and engineering.

Sheridan Capital Partners: Fund III Closed At Hard Cap Of $575 Million

By Amit Chowdhry ● Jul 31, 2023

Sheridan recently announced the successful closing of Sheridan Capital Partners Fund III, L.P. at the hard cap with $575 million of total capital commitments.

NTSCOM Broadens Global International Calling Plans To Over 50 Countries

By Amit Chowdhry ● Jul 31, 2023

NTSCOM announced that it has chosen to provide Universal Calling Plans from NTT Ltd., a leading IT infrastructure and services company, to over 50 countries globally. This will expand the ability of NTSCOM to meet the growing demand for UCaaS calling plans worldwide while also allowing access to these plans to the rapidly growing iPILOT Value Added Reseller and Agent markets.

Collaborative Robotics Closes $30 Million And Launches Flywheel Program

By Annie Baker ● Jul 31, 2023

Collaborative Robotics - a leader in practical collaborative robots (cobots) - recently announced it raised $30 million in Series A funding led by new anchor investor, Sequoia Capital, bringing the total amount raised to over $40 million. The funding will enable Collaborative Robotics to begin scaling early field deployments and manufacturing of its novel cobot.

InvGate: Enterprise Service And IT Management Company Raises $35 Million

By Noah Long ● Jul 31, 2023

InvGate - a SaaS platform with global operations at the intersection of Enterprise Service Management (ESM), IT Service Management (ITSM), and IT Asset Management (ITAM) - recently announced it had raised a $35 million growth round led by Riverwood Capital, a leading global investor in high-growth technology companies, with participation from Endeavor Catalyst.

Smartlens: Ophthalmic Technology Company Raises $6.1 Million

By Annie Baker ● Jul 31, 2023

Smartlens - a clinical-stage ophthalmic technology company - announced has closed an oversubscribed $6.1 million Series A equity financing round to advance regulatory clearance for miLens, a novel, electronics-free, soft contact lens for monitoring diurnal intraocular pressure (IOP).

Antares Capital: $6 Billion Senior Loan Fund II Closed

By Noah Long ● Jul 31, 2023

Antares Capital recently announced the closing of its second Senior Loan Fund with approximately $6 billion of asset purchasing power across all Fund-related vehicles, including a dedicated co-investment vehicle.

Cordillera: $443 Million Raised For Fund III

By Amit Chowdhry ● Jul 31, 2023

Cordillera Investment Partners, L.P. - an investment management firm exclusively investing in niche, non-correlated assets - recently announced it has completed fundraising for Cordillera Investment Fund III, L.P., with $443 million of commitments from institutional allocators.

Audax Private Equity: $7.8 Billion Closed For Flagship Fund And Origins Fund I

By Amit Chowdhry ● Jul 31, 2023

Audax Private Equity - a leading alternative investment manager and capital partner for North American middle market companies, successfully closed two new funds: Audax Private Equity Fund VII and Audax Private Equity Origins Fund I. Both funds had exceeded their respective fundraising targets. And Origins closed on $774 million in commitments, while Audax’s flagship vehicle, Audax Private Equity Fund VII, hit its hard cap of $5.25 billion in commitments.

May River Capital: $500 Million In Commitments Raised

By Annie Baker ● Jul 31, 2023

May River Capital LLC - a Chicago-based private equity investment firm - recently raised its third fund May River Capital Fund III, LP. Fund III closed on its hard cap of $500 million in limited partner commitments, exceeding the Fund's original target size.

Modi Ventures: Tech+Bio Fund I Launched With $32 Million

By Amit Chowdhry ● Jul 31, 2023

Modi Ventures - a newly launched venture partnership investing in fund managers and founders building companies shaping the future of humanity - recently announced the close of its inaugural $32 million fund, Tech+Bio Fund I. This new fund will target innovative companies transforming business in Tech Bio, life science, and healthcare AI.

Welsh, Carson, Anderson & Stowe: Over $5 Billion Raised For Largest Private Equity Fund To Date

By Amit Chowdhry ● Jul 31, 2023

Welsh, Carson, Anderson & Stowe (WCAS) - a leading private equity firm focused exclusively on the healthcare and technology industries - recently announced that it has completed fundraising for WCAS XIV, L.P. (WCAS XIV). The fund closed at over $5 billion of total capital, above its target and the Firm's prior fund, WCAS XIII, L.P., which closed at $4 billion.

Allonnia: Bio-Ingenuity Company Brings In $30 Million In Funding

By Noah Long ● Jul 31, 2023

Allonnia - the bio-ingenuity company dedicated to extracting value where others see waste - announced that it had raised $30 million in new capital led by Bison Ventures, with participation from IRONGREY, BHP Ventures, Vale Ventures, Wholestack LP and PPNG along with existing investors Battelle, General Atlantic, and Viking Global Investors. This brings Allonnia’s total funding to date to $90 million.

Trunk Tools: Construction Fintech Startup Raises $9.9 Million In Seed Funding

By Dan Anderson ● Jul 31, 2023

Trunk Tools - a construction-focused fintech startup that addresses the skilled labor shortage by helping workers get paid faster - recently announced its launch out of stealth with $9.9 million in seed funding. And the oversubscribed round was led by Innovation Endeavors, with participation from Fifth Wall, Foundation Capital and several others.

Eureka Health: $7 Million Closed For Patient-Led Platform

By Annie Baker ● Jul 31, 2023

Eureka Health announced that it had raised $7 million in funding. And the seed round was led by Khosla Ventures.

Casper Labs: Making It Easier For Companies And Government Agencies To Adopt The Blockchain In A $10 Billion Market

By Amit Chowdhry ● Jul 31, 2023

Velotix: This Data Protection Company Is Rapidly Growing In A $15 Billion Market

By Amit Chowdhry ● Jul 31, 2023

Rimini Street Reveals Expansion And General Availability Of Manage Services For SAP Cloud Products

By Amit Chowdhry ● Jul 31, 2023

Rimini Street - a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner - recently announced its expansion of its Rimini Manage for SAP products to include SAP cloud applications.

Spellbook: This Legal Software Company Uses AI To Help Lawyers Work More Efficiently

By Amit Chowdhry ● Jul 31, 2023

Spellbook is a legal software company that launched the first generative AI contract drafting tool in September 2022. The company’s technology is powered by large language models like OpenAI’s GPT-4 and is optimized using legal datasets for superior contracting performance. Over 600 customers across the legal industry use Spellbook to support their lawyers with the resources to make more accurate and efficient legal decisions when drafting contracts and supporting documents. Pulse 2.0 interviewed Spellbook co-founder and CEO Scott Stevenson to learn more.

Ampcontrol: $10 Million Raised To Advance AI-Powered Software Solution For Fleet Operators

By Noah Long ● Jul 30, 2023

Ampcontrol - a leading AI-powered software solution for fleet operators - recently announced $10 million in Series A financing to enable its next growth stage. The Westly Group led the funding round with participation from existing investors AngelPad and Lorimer Ventures.

Kincell Bio: Contract Development And Manufacturing Organization Secures $36 Million

By Annie Baker ● Jul 30, 2023

Kincell Bio - a technology-forward contract development and manufacturing organization (CDMO) focused on cell therapies - recently emerged from stealth with $36 million in new funding. Kineticos Ventures led Kincell’s launch funding.

MAC Hospitals: $160 Million Growth Investment Raised From General Atlantic

By Annie Baker ● Jul 30, 2023

MAC Hospitals - one of Mexico’s largest hospital providers - announced an up to $160 million strategic growth investment from General Atlantic, a leading global growth equity firm. MAC Hospitals plans to utilize its partnership with General Atlantic to further its mission to expand access to affordable healthcare across Mexico, in particular by pursuing strategic expansion initiatives, developing greenfield hospitals in new locations, investing in the company’s technology stack and infrastructure, and deepening its offering of high-quality medical services.

Goodwater: Over $1 Billion Raised To Support Consumer Tech Companies

By Amit Chowdhry ● Jul 30, 2023

Goodwater - the largest venture capital fund exclusively focused on consumer tech investments - recently announced that it had raised over $1 billion across its family of early and growth-stage funds.

Alpine Investors: $4.5 Billion Ninth Fund Finalized At Hard Cap

By Amit Chowdhry ● Jul 30, 2023

House Numbers: Home Wealth Management Platform Bags $3.75 Million In Funding

By Annie Baker ● Jul 30, 2023

House Numbers - an AI-enabled home wealth management platform helping homeowners gain financial independence through AI-tailored home equity-based product recommendations - recently announced that it has raised $3.75 million in pre-seed funding.

Lucem Health: How This Company Is Using Clinical AI To Improve Point-Of-Care Solutions In A $20+ Billion Market

By Amit Chowdhry ● Jul 28, 2023

Lucem Health is a company that transforms the science of clinical AI into trusted point-of-care solutions that scale. And with the company’s comprehensive, AI-agnostic platform for building, operationalizing, and improving clinical AI solutions, Lucem Health brings the full power and potential of clinical AI from the lab to the front lines of healthcare where it can help clinicians deliver better care, improve patient outcomes, and lower costs. Pulse 2.0 interviewed Lucem Health CEO Sean Cassidy to learn more.

Rithm Capital To Buy Sculptor Capital Management For $639 Million

By Noah Long ● Jul 28, 2023

Rithm Capital (RITM), an asset manager focused on the real estate and financial services industries and Sculptor Capital Management Inc. (SCU), a global alternative asset manager with $34 billion in assets under management (AUM), recently announced entry into a definitive agreement under which Rithm will acquire Sculptor in a transaction valued at approximately $639 million, which includes $11.15 per Class A share of Sculptor.