Rainforest secures USD 20Mln in series A funding
Rainforest, a payment provider purpose-built for software platforms, yesterday announced it has raised an oversubscribed $20 million Series A funding round led by Matrix Partners. Additional participating investors include Accel, Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures, Ardent Venture Partners – all of whom participated in the company’s seed round announced in 2023. The fresh capital brings Rainforest’s total funding to $31.75 […]
Aramco and Sempra sign Heads of Agreement for Port Arthur LNG Phase 2
Aramco, one of the world’s leading integrated energy and chemicals companies, and Sempra one of North America’s leading energy infrastructure companies, yesterday announce that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year sale and purchase agreement (SPA) for liquefied natural gas (LNG) offtake of 5.0 million tonnes per annum (Mtpa) from the Port […]
Innoviz and major OEM partner on short-range LiDAR for L4 AVs
Innoviz Technologies Ltd., a leading Tier-1 direct supplier of high-performance automotive-grade LiDAR sensors and perception software, yesterday announced a collaboration with an automotive OEM to advance its L4 autonomous vehicle capabilities. This agreement adds Innoviz’s new short-range LiDARs into the OEM’s Level 4 autonomous driving platform. The Company expects the collaboration will result in a series production […]
Star Mountain Capital welcomes Charles Millard as Senior Advisor
Star Mountain Capital, LLC, a specialized investment manager with over $4.0 billion in assets under management (committed capital including debt facilities as of 5/31/2024) focused on generating defensive and premium yield and total returns from the less efficient and resources-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”), announced that Charles Millard has joined […]
Oaktree funds Arixa Capital to meet real estate financing demands
Arixa Capital (“Arixa”) announces the expansion of its joint venture with funds managed by Oaktree Capital Management, L.P. (“Oaktree”) to originate senior secured loans backed by residential real estate. Launched in August 2023 with an initial USD 100 million commitment, this strategic partnership addresses the growing demand for real estate financing amid a market pullback by banks and private […]
MUFG invests in LanzaJet for ethanol as sustainable aviation fuel
LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, recently announced an investment from MUFG (Mitsubishi UFJ Financial Group, Inc), one of the world’s leading financial groups with total assets of approximately USD 2.9 trillion. The investment enables LanzaJet to continue building its capability and capacity to deploy its proprietary ethanol to sustainable aviation […]
VeriPark and FICO partner for advanced digital transformation solutions
VeriPark and FICO have launched a partnership to revolutionise the financial services sector through AI-driven decision making and digital transformation. The collaboration between VeriPark, a global provider of innovative digital solutions, and FICO, a renowned analytics software company, could enhance decision-making and promote financial inclusion across Turkey, the Middle East, Africa, Asia and CIS regions. Combining FICO’s decision automation, optimization […]
HydroX AI secures new funding for LLM safety and security innovation
HydroX AI, an artificial intelligence (AI) startup with the industry’s first comprehensive all-in-one large language model (LLM) safety and security platform, recently announced closing a USD 4 million angel round from Vitalbridge Capital, Atom Capital and noted AI expert, Qi Lu, EVP of Microsoft, former COO of Baidu. The funding will provide the means for HydroX AI […]
NASA, SpaceX launch final weather satellite for NOAA
NASA successfully launched the fourth and final satellite in a series of advanced weather satellites for NOAA (National Oceanic and Atmospheric Administration) at 5:26 p.m. EDT Tuesday. The GOES-U (Geostationary Operational Environmental Satellite) will benefit the nation by providing continuous coverage of weather and hazardous environmental conditions across much of the Western Hemisphere. The satellite launched […]
Orthofix designates Michael Finegan as the Chair of the Board of Directors
Orthofix Medical Inc., a leading global spine and orthopedics company, yesterday announced the appointment of Michael Finegan as Chair of the Board of Directors. Finegan was appointed to the Orthofix Board in December 2023. He is CEO at Acera Surgical, a bioscience company developing and commercializing a portfolio of fully engineered synthetic materials for soft […]
