Archives

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.

FINN: Car Subscription Provider Company Closes €100 Million In Funding

By Annie Baker ● Jan 14, 2024

Car subscription provider company FINN has announced the closing of its Series C equity funding round of €100 million.

Vintage Investment Partners: $200 Million Closed For Fourth Growth-Stage Fund

By Amit Chowdhry ● Jan 14, 2024

Vintage Investment Partners announced the closing of its 4th Growth-Stage Venture Fund (Growth IV) at $200 million, above its target. Like Vintage's previous Growth funds, Growth IV will invest in 15-20 leading Israeli, European, and U.S. growth-stage technology startups, together with its trusted network of tier-one venture capital funds.

Scentian Bio: Developing Biosensors That Mimic Smell Receptors From Insects

By Amit Chowdhry ● Jan 12, 2024

Scentian Bio is a company developing biosensors that mimic the incredible smell receptors from insects to deliver a super-sensitive, real-time measurement of smell and taste. Pulse 2.0 interviewed Scentian Bio CEO Jonathan Good to learn more about the company.

120Water: Water Management And Testing System Company Raises $43 Million

By Annie Baker ● Jan 12, 2024

Edison Partners recently announced leading a $43 million growth investment in 120Water, a leading cloud-based water management and testing system based in Zionsville, Indiana, with continued participation from Allos Ventures. The new funding round will further expand the 120Water team, technology investments, and go-to-market efforts.

Myrobalan Therapeutics: $24 Million Closed To Develop Novel Oral Neurorestorative Therapies

By Annie Baker ● Jan 12, 2024

Myrobalan Therapeutics - a biotechnology company developing novel oral neurorestorative therapies to repair damage and restore neural function in high-unmet need degenerative CNS conditions - recently announced the completion of a $24 million Series A funding. The funding was led by Co-win Ventures, with participation from new and existing investors, including Guan Zi Equity Investment (Li Shui) Partnership (Limited Partnership), 3E Bioventures Capital, and AB Magnitude Ventures Group.

Cinven: €13.2 Billion ($14.5 Billion) Raised For Eighth Fund

By Amit Chowdhry ● Jan 12, 2024

International private equity firm Cinven has announced the final close of its latest flagship fund, the Eighth Cinven Fund (Fund 8), having raised $14.5 billion (€13.2 billion) and reached the hard cap. And Fund 8 is nearly 30% larger than its 2019 vintage predecessor fund, Fund 7, for which Cinven also reached the hard cap.

NineDot Energy: Battery Energy Storage Systems Company Secures $225 Million

By Amit Chowdhry ● Jan 12, 2024

NineDot Energy - a leading developer of community-scale battery energy storage systems (BESS) in the New York City metropolitan area - announced recently that it secured an additional $225 million equity capital commitment from Manulife Investment Management and Carlyle, NineDot’s existing institutional equity investor. Manulife Investment Management led the round with a $135 million commitment and acquired an equity interest concurrently.

Trice: Seed Funding Raised To Enable Direct Connectivity For Real-Time Bank Payments

By Annie Baker ● Jan 12, 2024

Trice - a cloud-native API-first platform enabling direct connectivity for real-time bank payments - recently announced the closing of its seed investment round. This funding round featured strategic investments from Diagram Ventures, Royal Bank of Canada (RBC), and JAM FINTOP.