Archives

Cano Health Names Mark Kent As Permanent CEO

By Annie Baker ● Aug 21, 2023

Cano Health - a leading value-based primary care provider and population health company - recently announced that its Board of Directors has appointed Mark Kent as Chief Executive Officer, effective immediately. The Board also elected Kent - who has served as interim Chief Executive Officer since June 16, 2023 - to Cano Health's Board of Directors. The Board also announced that Dr. Marlow Hernandez stepped down from the Board effective immediately.

Venn Software: This Company Is Helping Secure Remote Work On Any BYOD Computer

By Amit Chowdhry ● Aug 21, 2023

Venn is a company providing purpose-built technology for secure Bring-Your-Own PC (BYO-PC). Securing remote work on any unmanaged or Bring-Your-Own-Device (BYOD) computer, Venn is a solution that is radically more simple and less costly than using virtual desktops or locking down every PC. Pulse 2.0 interviewed Venn Software co-founder and CEO David Matalon to learn more.

AMIT Wireless And Actility Partnering To Deploy Citizens Broadband Radio Service

By Amit Chowdhry ● Aug 20, 2023

AMIT Wireless (the industry pioneer in Industrial IoT or IIoT gateway solutions) and Actility (a world leader in IoT connectivity solutions) announced a strategic partnership to facilitate deployment of CBRS (Citizens Broadband Radio Service) IoT use cases for backhauling LoRaWAN gateway traffic.

DynamoFL: $15.1 Million Closed For Scaling Enterprise Privacy-Focused Generative AI

By Noah Long ● Aug 20, 2023

DynamoFL recently announced that it had closed a $15.1 million Series A funding round to meet demand for its privacy- and compliance-focused generative AI solutions. Fresh off a recent $4.2 million seed round, the company has raised $19.3 million to date. And DynamoFL's flagship technology, which enables customers to safely train Large Language Models (LLM) on sensitive internal data, is already in use by Fortune 500 companies in finance, electronics, insurance, and automotive sectors.

ElectroTempo: Planning And Intelligence Platform For Electric Charging Networks Raises $4 Million

By Dan Anderson ● Aug 20, 2023

ElectroTempo - a pioneer in planning and intelligence software for electric charging networks - recently announced that it raised $4 million in seed funding. The funding round was led by Buoyant Ventures (a women-owned Chicago-based venture capital firm focusing on technology start-ups looking to combat climate change). The company's lead pre-seed investor, Schematic Ventures, returned to participate in the round, and a venture fund associated with a key customer Zebox Ventures, also joined the coalition.

Marqo: Multimodal Vector Search Company Secures $5.2 Million

By Noah Long ● Aug 20, 2023

Marqo - a startup enabling AI-powered search and discovery - announced it had closed US $ 5.2 million in seed investment. And the funding round - led by Blackbird Ventures - also includes the support of Creator Fund, January Capital, and Cohere's co-founders, Ivan Zhang and Aidan Gomez. This funding round will be used to develop a new form of vector search technology that continuously improves based on user engagement, differentiating it from existing vector databases.

ShipCalm: E-Commerce Fulfillment And Third-Party Logistics Provider Company Closes $2 Million

By Noah Long ● Aug 20, 2023

ShipCalm - an e-Commerce fulfillment and third-party logistics provider, has announced it will use a recent $2 million financing round to help small-to-medium-sized businesses (SMBs) further solve these operational challenges.

Mitra Chem: Lithium-Ion Battery Materials Company Secures $60 Million

By Annie Baker ● Aug 20, 2023

Mitra Future Technologies - a leading innovator in North American production of lithium-ion battery materials - recently announced the completion of a $40 million first close of $60 million Series B funding round led by GM. This funding round will fuel Mitra Chem's mission to develop, deploy and commercialize U.S.-made iron-based cathode materials to enable mass-market electrification for electric vehicles, energy storage solutions, and beyond.

Bruker Buying PhenomeX In A $108 Million Deal

By Noah Long ● Aug 20, 2023

Bruker Corporation and PhenomeX Inc. recently announced that they have signed a definitive agreement for Bruker to acquire PhenomeX for $1 per share in an all-cash transaction. The proposed deal values PhenomeX at a total equity value of approximately $108 million. PhenomeX is a functional cell biology company that provides single-cell biology research tools to deliver deep insights into cellular function and new perspectives on phenomes and genotype-to-phenotype linkages.

Bain Capital Private Equity Buying Fogo de Chão From Rhône Capital

By Annie Baker ● Aug 20, 2023

Fogo de Chão - the internationally renowned restaurant brand from Brazil - recently announced that it has entered into a definitive agreement to be acquired by Bain Capital Private Equity to accelerate its growth and expansion. And Fogo will continue to operate under its current management team led by Chief Executive Officer Barry McGowan. And the funds affiliated with Rhône Capital (along with affiliates) have owned Fogo since taking the company private in 2018. The financial terms of the private purchase were not disclosed.

D’Amelio Brands: $5 Million Raised To Expand Into Food And Beverage Sector

By Amit Chowdhry ● Aug 20, 2023

D'Amelio Brands - a new venture and cross-platform company created by entrepreneurs Marc and Heidi and social media stars Dixie and Charli - recently announced a $5 million strategic investment from the consumer-focused media and tech firm Fifth Growth Fund (FGF). This funding round will drive the company's expansion into the Food & Beverage sector, with the imminent launch of D'Amelio Foods.

Assembly Ventures: $76 Million Inaugural Mobility Fund Announced

By Amit Chowdhry ● Aug 20, 2023

Assembly Ventures - the first early-stage transatlantic venture capital platform investing in technologies across the mobility sector - recently announced the successful closing of their inaugural $76 million Assembly Ventures Fund I (Assembly I). Focused on series seed, A, and B investments, Assembly strategically supports outstanding entrepreneurs driving transformative innovations across land, air, sea, and space.

Why Tapestry Is Buying Capri For $8.5 Billion

By Annie Baker ● Aug 20, 2023

Tapestry (a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman) and Capri Holdings Limited (a global fashion luxury group consisting of Versace, Jimmy Choo, and Michael Kors) recently announced that they have entered into a definitive agreement under which Tapestry will acquire Capri Holdings. Under the terms of the transaction Capri Holdings shareholders will receive $57.00 per share in cash for a total enterprise value of approximately $8.5 billion.

Northleaf Invests $200 Million In Tillman FiberCo

By Noah Long ● Aug 20, 2023

Tillman FiberCo, LLC (a leading developer and owner of symmetrical gigabit broadband) and Northleaf Capital Partners (a leading global private markets investment firm) recently announced a strategic partnership. The funds managed by Northleaf have made an initial investment of $200 million, with the potential to invest up to $300 million more as Tillman FiberCo scales its operations.

Why Emerson Is Buying Afag

By Annie Baker ● Aug 19, 2023

Emerson recently announced a definitive agreement to acquire Afag Holding AG, an innovative leader in electric linear motion, feeding, and handling automation solutions. Based in Zell, Switzerland, Afag will bring state-of-the-art technology and innovation to Emerson.

Clari Buying Sales Engagement Leader Groove: Details

By Amit Chowdhry ● Aug 19, 2023

Clari recently announced it is acquiring Groove, a market leader in sales engagement. And integrating Groove's sales engagement capabilities with Clari's AI-powered Revenue Platform will give companies unprecedented visibility, predictability, and control across the end-to-end revenue process. Customers will immediately reduce tech spend and complexity while increasing pipeline, conversions, and win rates.

Why Energy Transfer Is Buying Crestwood For $7.1 Billion

By Amit Chowdhry ● Aug 19, 2023

Energy Transfer LP and Crestwood Equity Partners LP recently announced that the parties have entered into a definitive merger agreement under which Energy Transfer will acquire Crestwood in an all-equity transaction valued at approximately $7.1 billion, including the assumption of $3.3 billion of debt, based on the closing price on August 15, 2023.

Mixlab: Pet Prescription And Wellness Solutions Company Raises $10 Million

By Amit Chowdhry ● Aug 18, 2023

Mixlab - a veterinarian-partnered pharmacy and leader in pet prescription and wellness solutions company - recently announced a $10 million funding round led by Vanterra Ventures, with participation from Lakehouse Ventures and others. And The investment will fuel Mixlab’s ambitious growth plans, enabling the company to expand its operations and product offering further, enhance its technology platform, and reach profitability.

Metal: Helping Developers Build Production-Grade LLM Apps Intended For Real-World Use

By Amit Chowdhry ● Aug 18, 2023

Metal is a fully managed service that enables developers to build LLM applications. Metal removes the complexity of building with the LLM stack, providing data transformation, infrastructure, querying, memory, APIs, etc. Pulse 2.0 interviewed Metal co-founder Taylor Lowe to learn more.

Georgiamune: Clinical-Stage Biotechnology Company Closes $75 Million In Funding

By Amit Chowdhry ● Aug 18, 2023

Georgiamune - a privately held clinical-stage biotechnology company - recently announced the clearance of its Investigational New Drug (IND) application by the U.S. Food and Drug Administration (FDA) for GIM-122, a dual-functioning monoclonal antibody. And the company completed a $75 million Series A financing, positioning Georgiamune as a promising new biotechnology company in the fields of oncology and autoimmune diseases.

VBA: $156 Million Secured To Advance Benefits Software Platform For Healthcare Payers

By Amit Chowdhry ● Aug 18, 2023

VBA - a leader in cloud-based benefits software for healthcare payers - recently announced that the company has closed a $156 million majority growth equity transaction led by Spectrum Equity, the leading growth equity firm behind healthcare information technology companies Definitive Healthcare and GoodRx. Existing investor Arthur Ventures also participated in the round. The company improves the healthcare experience by eliminating data fragmentation and enabling interoperability through its tightly integrated suite of solutions.

BitGo: Regulated Custodian Company Raises $100 Million At $1.75 Billion Valuation

By Amit Chowdhry ● Aug 18, 2023

BitGo recently announced $100 million in Series C financing from new, outside strategic investors with a valuation of $1.75 billion. This funding round will be used to make strategic acquisitions and expand its secure and regulated custody, wallet, and infrastructure solutions globally.

Abcuro: $155 Million Raised For Advancing Autoimmune Pipeline

By Annie Baker ● Aug 18, 2023

Abcuro - a clinical-stage biotechnology company developing therapies for the treatment of autoimmune diseases and cancer through precise modulation of cytotoxic T and NK cells - recently announced the successful close of an oversubscribed $155 million Series B financing co-led by Redmile Group and Bain Capital Life Sciences.

Honeywell And Recipharm Partner To Accelerate Development Of Inhalers With Near-Zero Global Warming Potential Propellant

By Amit Chowdhry ● Aug 18, 2023

Honeywell and global contract development and manufacturing organization (CDMO) Recipharm recently announced a commercial partnership that will speed the development of pressurized metered dose inhalers (pMDIs) that use Honeywell's near-zero global warming potential (GWP) propellant.

Anthropic: AI Safety And Research Company Raises $100 Million From SKT

By Amit Chowdhry ● Aug 18, 2023

SKT recently announced investing an additional USD 100 million in Anthropic, an AI safety and research company based in San Francisco. This funding follows a previous investment from SK Telecom Venture Capital (SKTVC) - SKT's Silicon Valley-based venture capital arm. And SKT has partnered with Anthropic to build a large language model (LLM) customized for telcos.

IBM Consulting Partners With Microsoft To Help Companies Accelerate Generative AI Adoption

By Amit Chowdhry ● Aug 18, 2023

IBM recently announced it is expanding its collaboration with Microsoft to help joint clients accelerate the deployment of generative AI and deliver a new offering that will provide clients with the expertise and technology they need to innovate their business processes and scale generative AI effectively.

BrokerTech Ventures Names Emily Schultz as Managing Director

By Annie Baker ● Aug 18, 2023

BrokerTech Ventures (BTV) - which is the industry's first broker-led convening platform and accelerator program - announced the hiring of Emily Schultz as its new Managing Director. Within this role, Schultz will be responsible for setting and executing on the strategic direction of BTV to help advance innovation within the broker technology industry.

Drizly Launches New Tool For Helping Hosts Throw Better Parties

By Dan Anderson ● Aug 18, 2023

Drizly, an Uber company, has launched its new Party Theme Generator 3000. To use the generator, hosts have to click a button to randomly "generate" a party theme and get drink recommendations for matching that theme along with several other tips.

TIFIN AMP: Sal Gagliano Appointed As CEO

By Amit Chowdhry ● Aug 18, 2023

TIFIN AMP - a leading artificial intelligence (AI) platform for the intelligent distribution of funds - announced it has appointed Sal Gagliano as the Chief Executive Officer. And the firm also announced the addition of Charlie Shaffer as the President and Chief Revenue Officer. Dr. Vinay Nair will continue as the Founder and Executive Chairman.

Data Axle: How This Business Intelligence Company Is Disrupting A $40 Billion Market

By Amit Chowdhry ● Aug 18, 2023

Data Axle is a rapidly growing business intelligence company that helps clients create a foundation of clean data, find new leads, develop winning strategies, design beautiful campaigns, and handle all day-to-day execution needs. Pulse 2.0 interviewed Data Axle CEO and chairman Mike Iaccarino to learn more.