development Archives

Faraday Future And MIG Partners for A RAK Based HeadQuarters

Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or “the Company”), a California-based leader in the shared intelligent electric mobility ecosystem, has recently announced a co-investment agreement with Master Investment Group (MIG), owned by Sheikh Abdulla Al Qassimi, a member of the royal family and Deputy Chairman of Customs in Ras Al Khaimah. […]

EIB backs Protembis technology with EUR 20 million to protect the brain during cardiac surgery

The European Investment Bank (EIB) is providing €20 million in venture debt financing to German medical technology start-up Protembis. The company plans to use the money to advance the development of a novel system that protects the brain during certain cardiac procedures. Specifically, the funds are intended to enable clinical trials, research, development and the […]

SGH secures USD 200Mln strategic investment from SK Telecom

SMART Global Holdings, Inc. (“SGH”), a leading designer and developer of high-performance, high-availability enterprise solutions, recently announced that SK Telecom (“SKT”) , an affiliate of SK Group, is making a $200 million preferred equity investment in SGH. SGH plans to use the capital from SKT’s investment to enhance SGH’s capabilities and add to the Company’s […]

WindBorne secures USD 15Mln for AI-powered weather balloons & climate action

WindBorne Systems, an atmospheric sensing system and most accurate AI weather model, announced yesterday $15 million in Series A funding led by Khosla Ventures, which earlier led WindBorne’s pre-seed round in 2019 and will take a board seat. Existing investors Footwork VC, Pear VC, and Convective Capital also participated in the round. The funding round […]

Pattern Energy announces major appointments

Pattern Energy Group LP (Pattern Energy), one of the world’s largest privately-owned developers and operators of renewable energy and transmission projects, recently announced the appointments of Barry E. Davis as Chairman of its Board of Directors and Carla Tully as an Independent Director. “It is my honor to announce the appointments of Barry and Carla […]

Infleqtion appoints Matthew Kinsella as CEO

Infleqtion, a leading quantum information company, yesterday announced the appointment of Matthew Kinsella as its new Chief Executive Officer. Kinsella replaces Scott Faris, who has stepped down to focus on quantum industry policy and investments in national security and defense. Kinsella joins from Maverick Ventures, where he served as a senior managing director, and led […]

Reshaping Skylines: The evolving real estate landscape in APAC

The real estate industry in Asia Pacific (APAC) is seeing a substantial shift due to the US Federal Reserve’s sequence of swift interest rate hikes that have been in place since mid-2022, in a region where finance is readily available. While most Asia Pacific markets, with the exception of China, started to recover from the […]

ProMed Pharma announces acquisition of SpineThera

SpineThera, Inc., a privately held, clinical-stage pharmaceutical company focused on the development of SX600 (1a novel formulation of extended-release dexamethasone microspheres for epidural injection for the management of lumbar radicular pain) and ProMed Pharma LLC, a leading contract manufacturer of polymer-based drug releasing dosage forms and combination device components, announced yesterday that ProMed Pharma has acquired […]

Sempra infrastructure unveils Cimarron Wind Project

Sempra Infrastructure, a subsidiary of Sempra announced that it reached a positive final investment decision for the development, construction and operation of the Cimarron wind project, the third phase of the Energía Sierra Juarez (ESJ) wind complex. The Cimarron wind project will total approximately 320 megawatts (MW) of wind capacity, and the project is fully contracted under a 20-year […]

Tenstorrent inks agreement with MosChip

Tenstorrent and MosChip Technologies announced recently that they are partnering on design for Tenstorrent’s cutting-edge RISC-V solutions. In selecting MosChip Technologies, Tenstorrent stands to strongly advance both its own and its customers’ development of RISC-V solutions as they work together on Physical Design, DFT, Verification, and RTL Design services. “MosChip Technologies is special in that […]

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