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Ramp announced that it has reached a valuation of $32 billion after completing a $300 million primary financing round alongside an employee tender offer, marking one of the most significant private funding events of 2025 in the financial operations sector. Lightspeed Venture Partners led the round, joined by a substantial roster of existing backers including Founders Fund, D1 Capital Partners, Coatue, GIC, Avenir Growth, Thrive Capital, Sutter Hill Ventures, T. Rowe Price, Khosla Ventures, ICONIQ, Glade Brook Capital Partners, Soma Capital, Emerson Collective, 8VC, Lux Capital, Definition Capital, 137 Ventures, General Catalyst, Box Group, Kultura Capital, Pinegrove Venture Partners, Anti Fund, and Stripes. New investors included Alpha Wave Global, Bessemer Venture Partners, Robinhood Ventures, 1789 Capital, Epicenter Capital, and Coral Capital.

Mate, a cybersecurity startup based in Tel Aviv, announced its launch from stealth with a $15.5 million seed round led by Team8 and Insight Partners. The funding will support rapid hiring across engineering, expand collaborations with design partners, and prepare the company for broader enterprise deployment as demand grows for more efficient and adaptive Security Operations Centers.

SubImage announced it has raised $4.2 million in seed funding to accelerate development of its open-core cloud security graph platform, expand customer pilots, and grow its engineering team. FundersClub, Y Combinator, Phosphor Capital, and Transpose Platform participated in the round.

Perkins Coie and Ashurst have announced plans to merge and create Ashurst Perkins Coie, a top-20 global law firm with $2.7 billion in combined revenue and a team of 3,000 lawyers. The proposed combination, described by both firms as a union of equals, is expected to establish one of the largest global legal platforms with deep strength across technology, energy and infrastructure, financial services, corporate transactions, and complex litigation.

High school students across the United States now have the opportunity to compete for a share of $10,000 by proposing new ways to demonstrate how Real Estate Investment Trusts (REITs) can strengthen local communities. The Real Estate, Real Impact Challenge, launched by NAF on its free KnoPro digital learning platform and sponsored by Nareit, is open through December 7.

Energetic Capital has enabled permanent financing for one of the most significant solar developments in the ERCOT market, supporting a nearly 400MW utility-scale project in Texas through its flagship EneRate Credit Cover insurance product. The project, backed by a significant renewable energy developer, is expected to generate enough clean power to supply more than 75,000 homes each year.

Solve Therapeutics has secured $120 million in new financing to accelerate the development of its clinical-stage antibody drug conjugates for solid tumors, marking one of the biotechnology sector’s notable funding rounds of the year. The San Diego-based company is advancing a portfolio built on its proprietary CloakLink linker system, designed to improve stability, reduce hydrophobicity, and enhance the therapeutic index of ADCs targeting difficult solid tumor indications.

Safe Pro Group announced a major operational update following the securing of more than $20 million in new strategic investments, which are fueling rapid development across its AI, autonomous drone services, and advanced ballistic protection divisions. The Aventura-based company, which trades on Nasdaq under the ticker SPAI, said the funding is enabling the faster commercialization of its technology platforms and strengthening its market position in defense, public safety, and humanitarian operations.

Latham & Watkins has strengthened its Antitrust and Competition capabilities with the addition of Kyra Bromley as a partner in the firm’s New York office. Bromley, a leading Hart-Scott-Rodino practitioner, brings deep expertise in U.S. regulatory requirements for complex and cross-border transactions and will play a significant role in supporting the firm’s expanding transactional practices.

Willkie Farr & Gallagher LLP has strengthened its Mergers & Acquisitions Practice Group with the addition of Heather Weigel as a partner in New York. The appointment marks a significant strategic expansion for the firm as deal activity accelerates and transactions grow more complex across U.S. and international markets.

Markus Rauschecker, Executive Director of the University of Maryland Center for Cyber, Health, and Hazard Strategies, has been elected Chair of the Maryland Cybersecurity Council. He succeeds Maryland Attorney General Anthony Brown and will serve a two-year term guiding the state’s cybersecurity advisory body as Maryland navigates increasing digital threats and emerging technologies.

Morgan Stanley Investment Management has introduced the Morgan Stanley Private Markets ELTIF, a new vehicle designed to expand investor access to diversified private market opportunities across Europe, the United States, and Asia. The launch marks a significant expansion of the firm’s private markets offering, leveraging the capabilities of its Portfolio Solutions Group.

Keychain has raised $10 million to accelerate the rollout of Keychain360, an AI-powered operating system designed to streamline private label product development and supply chain management for retailers. The investment includes funding from W23 Global, the venture capital fund supported by Tesco, Ahold Delhaize, Woolworths Group, Empire Company Limited/Sobeys, and Shoprite Group.

Artios Pharma Limited has closed an oversubscribed $115 million Series D financing to accelerate clinical development across its portfolio of DNA damage response therapeutics. The round was co-led by SV Health Investors and RA Capital Management, with participation from Janus Henderson Investors and strong support from existing backers.

Sealed Air has agreed to be acquired by funds affiliated with Clayton, Dubilier & Rice in an all-cash transaction valuing the company at $10.3 billion, marking one of the largest private equity takeovers in the industrial packaging sector this year. Under the terms of the agreement, Sealed Air stockholders will receive $42.15 per share in cash, representing a forty-one percent premium to the company’s unaffected share price as of August 14, 2025, and a 24% percent premium to its ninety-day volume-weighted average trading price as of November 12, 2025.

PayPal and KKR have expanded their partnership through a new agreement that will enable KKR’s credit funds and accounts to purchase up to €65 billion of PayPal’s current and future European buy-now-pay-later receivables through March 2028. The renewed arrangement includes a loan commitment of up to €6 billion and covers BNPL loans originated in France, Germany, Italy, Spain, and the United Kingdom.

Tokyo-based research company Sakana AI has secured ¥20 billion (approximately $135 million) in Series B funding to accelerate its work on sustainable, efficiency-focused AI technology and expand deployment across major Japanese industries. The round included participation from Mitsubishi UFJ Financial Group, Khosla Ventures, Factorial, Macquarie Capital, Fundomo, Mouro Capital, New Enterprise Associates, Geodesic Capital, Lux Capital, Ora Global, MPower Partners, Shikoku Electric Power, and In-Q-Tel.

Ancient has taken a strategic stake in Burgess, the longstanding global leader in the superyacht industry, marking a significant partnership aimed at strengthening Burgess’s position as the foremost full-service platform in the sector. The deal aligns with Ancient’s approach of investing in category-defining businesses in specialty finance and specialized services.

AKA Foods has closed a $17.2 million seed funding round led by noted AI entrepreneurs Alex and Michael Bronstein, marking the official debut of AKA Studio, a secure AI system designed to accelerate and modernize product development for global food companies. The financing represents a notable early investment in a platform that aims to redefine how food is researched, formulated, and commercialized by integrating organisational knowledge, sensory evaluation, and advanced AI assistants into a unified environment.

Walker & Dunlop has arranged $192,068,000 in refinancing for a four-property, 1,137-unit multifamily portfolio owned by Cortland Partners and located across Miami, Dallas, and Denver. The financing was secured through Freddie Mac and executed by Walker & Dunlop Capital Markets, led by Senior Managing Director Stephen Farnsworth and his team.

Intellect has announced its acquisition of the UK-based Connected Frontline Worker platform, Zaptic, in a move that significantly expands its global operations and strengthens its AI-powered Quality Management System capabilities. The deal brings together two complementary technologies aimed at unifying quality, safety, and frontline execution for manufacturers in Food and Beverage, consumer goods, and other regulated sectors.

Lone Star Funds has finalized the purchase of a substantial multi-asset real estate portfolio from St. James’s Place and its Property Unit Trust and Life and Pensions Trust, marking one of the firm’s notable property acquisitions this year. St. James’s Place was advised by Invesco Real Estate, which managed the disposition process on its behalf.

No Barrier, a fast-growing healthcare AI company focused on eliminating language barriers in clinical settings, has raised an oversubscribed Seed Round of $2.7 million led by A-Squared Ventures, Esplanade Ventures, Rock Health Capital, and Fusion. The new funding will support broader deployment of the company’s real-time, compliant medical interpretation technology across hospitals, clinics, and specialty care environments.

Lili, a New York-based SMB banking platform, has significantly expanded its financial protections and savings options for business customers by increasing its FDIC insurance coverage to $3 million through its partner bank, Sunrise Bank, while also introducing a new tiered high-yield structure that boosts the APY on higher balances to 4.00%. The upgraded insurance level represents a significant jump from its previous $250,000 offering and provides business owners with twelve times the national standard coverage.

Parseur is a document-processing platform that automatically extracts structured data from emails, PDFs, and other documents. Pulse 2.0 interviewed Parseur co-founder and CTO Sylvain Josserand to gain a deeper understanding of the company.

TotalEnergies has signed an all-stock transaction with Energetický a průmyslový holding (EPH) valued at €10.6 billion, marking one of the company’s most significant strategic moves in the European power market. The deal involves acquiring 50% of EPH’s flexible power generation platform, which includes gas-fired and biomass plants, as well as battery assets, across Italy, the United Kingdom, Ireland, the Netherlands, and France. The agreement forms a fifty-fifty joint venture that will expand TotalEnergies’ presence in flexible electricity generation and accelerate the company’s Integrated Power strategy.

Talkdesk is a global cloud contact center and customer experience platform that utilizes AI to help businesses enhance customer interactions and improve service efficiency. Talkdesk is leading a new era in customer experience with Customer Experience Automation (CXA), a new category and platform designed to automate the full complexity of modern customer journeys. Pulse 2.0 interviewed Talkdesk's Vice President of Healthcare and Life Sciences, Patty Hayward, to gain a deeper understanding of the company.

The LegalTech Fund has closed its second fund at $110 million, marking a significant milestone for the only venture firm exclusively focused on legal technology. The new vehicle is nearly four times the size of its inaugural $28.5 million fund. It comes at a time when the $1 trillion global legal services market is undergoing rapid transformation driven by artificial intelligence, workflow automation, and regulatory evolution.

BluePill has raised $6 million in seed financing to accelerate the rollout of its AI consumer-insights platform, which uses digital twins of real audiences to help brands test new products, campaigns, and creative concepts in minutes. The round was led by Ubiquity Ventures with participation from Pioneer Square Labs and Flying Fish Ventures.

KKR has provided a $750 million bespoke financing package to Chandra Asri Group to support the company’s expansion strategy and its acquisition of ExxonMobil’s Esso-branded retail fuel station network in Singapore. The investment was arranged by KKR Capital Markets and funded through KKR’s private credit and insurance platforms, marking a major boost for one of Southeast Asia’s most prominent integrated energy, chemicals, and infrastructure companies.