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Algoma Capital: $100 Million Credit Fund Launched To Fuel Growth Of Whiskey Brands

By Amit Chowdhry ● Aug 24, 2023

CEO and founder Brian Rosen recently announced the launch of Algoma Capital with a $100 million credit fund, which would provide working capital to fuel business growth for whiskey brands and distilleries. With more than 40 years of industry expertise, Rosen has established a specialty lending platform to provide credit to premium distillers, brand owners, and suppliers looking to finance barrel inventory on an asset basis. The firm will deploy up to $10 million or more in each investment.

Boise Cascade Reaches Agreement To Buy Brockway-Smith For $172 Million

By Noah Long ● Aug 24, 2023

Boise Cascade Company recently announced that it has agreed to purchase Brockway-Smith Company (BROSCO), a leading wholesale distributor specializing in doors and millwork. The purchase price for BROSCO, including acquiring its two full-scale distribution centers, is $172 million, subject to certain closing adjustments. Boise Cascade plans to fund the transaction and closing-related expenses from its existing cash balances.

H.I.G. Capital: Deal Signed To Buy Ascent Global Logistics

By Amit Chowdhry ● Aug 24, 2023

H.I.G. Capital - a leading global alternative investment firm with $58 billion of capital under management - recently announced that one of its affiliates has signed a definitive agreement to acquire Ascent Global Logistics, which is a leading provider of technology-enabled, expedited logistics and supply chain solution services from affiliates controlled by Elliott Investment Management L.P. Ascent’s management team will remain shareholders in the Company. Elliott has also agreed to retain a minority stake in the company.

University Of Tulsa Investing $75 Million On New Cyber Institute

By Amit Chowdhry ● Aug 24, 2023

The University of Tulsa recently announced the formation of the new Oklahoma Cyber Innovation Institute to undertake groundbreaking cyber research and identify, test, and commercially deploy new cyber solutions. This institute will build on the university’s educational foundation in cybersecurity to address cyber workforce development issues.

Why AeroVironment Is Buying Tomahawk Robotics For $120 Million

By Amit Chowdhry ● Aug 24, 2023

AeroVironment recently announced its anticipated acquisition of Tomahawk Robotics, a leader in AI-enabled robotic control systems. This acquisition will enable deeper integration of both companies’ technology, leading to enhanced interoperability and interconnectivity of unmanned systems through a singular platform with similar control features.

Cyble: Threat Intelligence Provider Closes $24 Million In Funding

By Annie Baker ● Aug 24, 2023

Cyble - a rapidly growing threat intelligence provider that blends cybersecurity and artificial intelligence to develop state-of-the-art threat intelligence solutions - recently announced a $24 million Series B funding round.

Genomes.io: Biotech Company Secures $20 Million For Monetization Of Genomic Data

By Noah Long ● Aug 24, 2023

Genomes.io - a biotech company focused on the safe, private, and auditable monetization of genomic data - recently announced that it has revealed its partnership with the Bahamas-based digital asset investment firm GEM Digital Limited.

ReflexAI: AI-Powered Training And Quality Assurance Company Raises $3.3 Million

By Annie Baker ● Aug 24, 2023

ReflexAI - a provider of AI-powered training and quality assurance tools for high-stakes call centers - recently announced its first round of venture funding. Led by Footwork, the $3.3 million oversubscribed round included Emerson Collective, Alt Capital, Gaingels, and angel investors with expertise across healthcare and technology innovation.

Cinchy: This Company Liberates Data From Apps, Making Data Integration Obsolete

By Amit Chowdhry ● Aug 23, 2023

Cinchy provides a Data Collaboration Platform that makes data integration obsolete. And organizations 'change how they deliver change' using Cinchy to make things simpler by liberating and productizing their data with secure real-time integration-free collaboration. Pulse 2.0 interviewed Cinchy co-founder and CEO Dan DeMers to learn more.

Entro Security: Revolutionizing End-to-End Secrets Security In A $16+ Billion Market

By Amit Chowdhry ● Aug 23, 2023

Entro Security is a revolutionary cyber holistic security platform that offers end-to-end protection for secrets and programmatic access to cloud services and data. Pulse 2.0 interviewed Entro co-founder and CEO Itzik Alvas.

Pear VC: This Firm Runs An Early-Stage Bootcamp And Invests Over $800 Million Across 4 Funds

By Amit Chowdhry ● Aug 23, 2023

Pear VC is a venture firm that specializes in pre-seed and seed rounds. And the firm partners with founders at the earliest stages to turn great ideas into category-defining companies. Pulse 2.0 interviewed Pear partner Ajay Kamat to learn more.