Archives

Cambridge GaN Devices: $32 Million (Series C) Raised For Energy-Efficient Semiconductors

By Amit Chowdhry ● Feb 23, 2025

Cambridge GaN Devices (CGD), an innovator in gallium nitride (GaN) power devices, announced it closed a $32 million Series C funding round. The funding round was led by a strategic investor with participation from British Patient Capital and supported by existing investors Parkwalk, BGF, Cambridge Innovation Capital (CIC), Foresight Group, and IQ Capital.

75F: $45 Million (Series B) Raised AI-Based HVAC Automation

By Amit Chowdhry ● Feb 23, 2025

75F, a leader in IoT and AI-driven commercial HVAC automation, announced a $45M Series B funding round, one of the largest in Minnesota history. This funding, led by Accurant International's Net Zero Alliance, with participation from Carrier Global Corporation, Climate Investment, Breakthrough Energy Ventures, Next47, and WIND Ventures, underscores the market’s growing confidence in light commercial building automation and 75F's easy and cost-competitive approach to building energy efficiency.

ElectronX: $10 Million Raised For Electricity Derivatives Exchange

By Amit Chowdhry ● Feb 23, 2025

ElectronX, a new energy exchange created to help accelerate the U.S. grid transition to renewable sources, announced it raised a $10 million strategic investment round led by Systemiq Capital. Equinor Ventures, Shell Ventures, and Innovation Endeavors participated in the round. Former U.S. Commodity Futures and Trading Commission (CFTC) Chairman J. Christopher Giancarlo also joined ElectronX as a strategic adviser.

Verkada: $200 Million (Series E) Raised At $4.5 Billion For Physical Security Technology

By Amit Chowdhry ● Feb 23, 2025

Verkada, a pioneer in cloud-based physical security technology, announced a $200 million Series E funding round. The round was led by General Catalyst, with significant investment from Eclipse and additional participation from new and existing investors. Since its founding in 2016, Verkada has raised over $700 million in total funding and the latest round values the company at $4.5 billion.

Mavvrik: $6.2 Million (Seed) Funding Raised For IT Financial Control Platform

By Amit Chowdhry ● Feb 23, 2025

Mavvrik, a unified platform for IT financial control, announced a $6.2 million seed funding round led by S3 Ventures and Flyover Capital, with participation from Tuesday Capital, ClutchVC, Amplify.LA, and Knoll Ventures. This funding round fuels Mavvrik's go-to-market expansion and product innovation.

AheadComputing: $21.5 Million (Seed) Funding Raised To Develop Microprocessor Cores

By Amit Chowdhry ● Feb 23, 2025

AheadComputing announced it secured $21.5 million in seed funding to rapidly develop and commercialize its microprocessor architecture designed to meet the new and unique computing demands across AI, cloud, and edge devices.

Gomboc AI: $13 Million (Seed) Raised To Transform Cloud Security Remediations

By Amit Chowdhry ● Feb 22, 2025

Gomboc AI, which is the industry's first deterministic AI solution for cloud security remediations, announced it has raised $13 million in seed stage funding. A new $8 million seed investment was led by Ballistic Ventures, with continued support from Glilot Capital Partners and Hetz Ventures, which co-led Gomboc AI's initial $5 million seed investment.

White & Case: Jiang Liu Named As Partner In New York

By Amit Chowdhry ● Feb 22, 2025

Global law firm White & Case announced it has expanded its Global Debt Finance Practice, Financial Services Regulatory Practice and Global Financial Institutions Industry Group with the addition of Jiang Liu as a partner in New York.

Olympus Partners Buying Liquid Generic Leader PAI Pharma

By Amit Chowdhry ● Feb 22, 2025

Olympus Partners announced it has acquired PAI Pharma, a leading developer, manufacturer, and distributor of generic oral liquids in both ready-to-dose cups and bottles in the US.

Seagate To Buy Intevac For $119 Million

By Amit Chowdhry ● Feb 22, 2025

Seagate Technology (a leading innovator of mass-capacity data storage) and Intevac (a supplier of thin-film processing systems) announced that Seagate has entered into a definitive agreement to acquire Intevac in an all-cash transaction for $4 per share.

DLA Piper: Jonathan Haray Added To White Collar, Investigations, And Government Enforcement Practice

By Amit Chowdhry ● Feb 22, 2025

DLA Piper announced it has welcomed back Jonathan Haray as a partner in the White Collar, Investigations, and Government Enforcement Subgroup within the Litigation Practice. He will be based in the Washington, DC, office.

How University Of Florida Researchers Are Advancing Salmonella Vaccines

By Amit Chowdhry ● Feb 22, 2025

Salmonella is often troublesome to some and can be dangerous or deadly for sensitive groups. Over 25,000 people are hospitalized for bacterial infection in the U.S., and over 400 people die every year.

Weil: Seth Kerschner Named As Environmental Partner

By Amit Chowdhry ● Feb 22, 2025

International law firm Weil, Gotshal & Manges announced that environmental lawyer Seth Kerschner has joined the firm as a partner in the Regulatory Transactions Group, based in the New York office.

CyberArk Buying Zilla Security In $165 Million Deal

By Amit Chowdhry ● Feb 22, 2025

CyberArk, a leader in identity security, announced it acquired Zilla Security, a leader in modern Identity Governance and Administration (IGA) solutions. And Zilla’s AI-based IGA capabilities will expand CyberArk’s industry-leading Identity Security Platform with scalable automation that enables accelerated identity compliance and provisioning across digital environments while maximizing security and operational efficiency.

Sherwin-Williams To Buy BASF’s Brazilian Architectural Paints Operations For $1.15 Billion

By Amit Chowdhry ● Feb 22, 2025

The Sherwin-Williams Company announced it has entered into a definitive agreement with BASF Group to buy BASF's Brazilian architectural paints business for $1.15 billion in an all-cash deal.

Tanger Buying Retail and Mixed-Use District In Cleveland For $167 Million

By Amit Chowdhry ● Feb 22, 2025

Tanger, a leading owner and operator of outlet and open-air retail shopping destinations, announced it has acquired Pinecrest, a 640,000-square-foot open-air, grocery-anchored, mixed-use center in one of the most desirable submarkets of Cleveland, Ohio.

Star Mountain Capital: Jeff Feinberg Joins Firm As Managing Director And Strategic Portfolio Partner

By Amit Chowdhry ● Feb 22, 2025

Star Mountain Capital, a growing and employee-owned investment firm with over $4 billion in assets under management (AUM), announced that Jeff Feinberg has joined the firm as a Managing Director and Strategic Portfolio Partner. Feinberg will focus on enhancing Star Mountain’s differentiated approach to value creation within its portfolio companies as investors seek differentiated sources of yield and tax-advantaged total returns.

RF Investment Partners Buying S&K Building Services

By Amit Chowdhry ● Feb 22, 2025

RF Investment Partners (a leading growth capital investor) announced the acquisition of S&K Building Services, a provider of window washing, pressure washing, and metal/glass restoration services to multi-story commercial properties. This partnership deepens RF’s portfolio in the essential services sector.

Olipop: $50 Million (Series C) Raised At $1.85 Billion Valuation For Prebiotic Soda Brand

By Amit Chowdhry ● Feb 22, 2025

Olipop, a popular prebiotic soda brand, announced that it raised $50 million in Series C funding at a $1.85 billion valuation according to CNBC. The Series C funding round was led by J.P. Morgan Private Capital’s Growth Equity Partners.

Dream: $100 Million (Series B) Raised At $1.1 Billion Valuation For Cyber Resilience

By Amit Chowdhry ● Feb 22, 2025

Dream, an AI-based company providing cyber resilience for nations and critical infrastructure, announced a $100 million Series B led by Bain Capital Ventures at a $1.1 billion valuation. And additional investors include Group 11, Tru Arrow, Tau Capital and Aleph. Dream will further enhance its product capabilities and global market reach with this funding round.

Harvey: $300 Million (Series D) Raised At $3 Billion Valuation For Legal AI Platform

By Amit Chowdhry ● Feb 22, 2025

Harvey recently announced the Series D funding round led by Sequoia and including Coatue, Kleiner Perkins, OpenAI Startup Fund, GV, Conviction, Elad Gil, and REV, the venture capital arm of RELX Group which owns LexisNexis Legal & Professional. This round of funding was raised at a $3 billion valuation.

Drata: $100 Million ARR Milestone Achieved

By Amit Chowdhry ● Feb 22, 2025

Drata, a trust management platform, announced several milestones, including its fourth year since launch. Over the past fiscal year, the company has achieved rapid growth with $100 million annual recurring revenue (ARR), a major benchmark in its commitment to modernizing governance, risk, and compliance (GRC).

Candid Health: $52.5 Million (Series C) Raised To Simplify Medical Billing

By Amit Chowdhry ● Feb 22, 2025

Candid Health, an autonomous revenue cycle automation platform for healthcare providers, announced it has raised $52.5 million in Series C funding led by Oak HC/FT with participation from existing investors. This funding round brings the company's total raised to $99.5 million.

Sidley: Sarah Carlson Joins As Partner In Litigation Partner

By Amit Chowdhry ● Feb 22, 2025

Sidley announced that Sarah Carlson has joined as a partner in the firm’s Litigation practice in San Diego.

Stanford University And Starkey Partnering On Study Validating Balance Assessment For Fall Risk Detection

By Amit Chowdhry ● Feb 22, 2025

Starkey is continuing to be committed to collaborating with global researchers and innovators. According to a recent peer-reviewed article (published in Otology & Neurotology) highlights the collaborative research between Starkey and Stanford to validate Starkey's Balance Assessment feature available with Edge AI.

Carlyle Acquires Controlling Stake In Roop And Highway

By Amit Chowdhry ● Feb 22, 2025

Global investment firm Carlyle announced it has completed the acquisition of a controlling stake in Highway Industries and Roop Automotives through a proprietary and exclusive transaction. The equity for the investment will come from investment funds affiliated with Carlyle Asia Partners (CAP).

Huda Beauty: Kayali Spinning Off Into Standalone Fragrance Company

By Amit Chowdhry ● Feb 22, 2025

Huda Beauty announced that it will sell its ownership in KAYALI, the fragrance business founded by Huda and Mona Kattan in 2018. Since then, KAYALI has become a leading brand in the fragrance category.

Polymath: $1 Million Raised To Turn Kid-Focused App Into A Productive Experience

By Amit Chowdhry ● Feb 21, 2025

Karman+: $20 Million (Seed) Secured For Mining Asteroids

By Amit Chowdhry ● Feb 21, 2025

Asteroid mining company Karman+ announced it raised $20 million in seed funding led by Plural and Hummingbird. The funding round included participation from HCVC, Kevin Mahaffey (Lookout), co-founder Teun van den Dries, and angel investors, which will be used to develop its first technology demonstration mission and customer missions, and it is expected in 2027.

Donorbox: $3 Billion In Charitable Giving Announced

By Amit Chowdhry ● Feb 21, 2025

Top-rated fundraising platform Donorbox announced that it has powered $3+ billion in charitable donations for 100,000 nonprofits worldwide. Organizations have utilized its technology to run over 250,000 fundraising campaigns, creating positive change worldwide.