Rainforest secures USD 20Mln in series A funding

From left to right Jeremy Jonker (Infinity Ventures), Joshua Silver (Rainforest), Matt Brown (Matrix Partners), Dana Stalder (Matrix Partners)

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 […]

Evolent to acquire AI-powered platform, Machinify Auth App, from Machinify

Evolent signs agreement to acquire artificial intelligence utilization management products and team from Machinify

Evolent Health, Inc. (“Evolent” or “the Company”), a company focused on achieving better health outcomes for people with complex conditions, today announced it has entered into an agreement to acquire certain assets of Machinify and the exclusive, perpetual and royalty-free license of Machinify Auth, a proven software platform that leverages the latest advances in artificial intelligence […]

Schneider Electric collaborates with Intel and Red Hat

Schneider Electric delivers next-generation, open automation infrastructure in collaboration with Intel and Red Hat

Schneider Electric, the leader in the digital transformation of energy management and automation, in collaboration with the technology companies Intel and Red Hat, today announced the release of a Distributed Control Node (DCN) software framework. An extension of Schneider Electric’s EcoStruxure™ Automation Expert, this new framework enables industrial companies to move to a software-defined, plug-and-produce solution, […]

Jabil announces collaboration with Fintech Leader Revolut

Jabil Teams with Fintech Leader Revolut to Scale Development and Production of Innovative Mobile Payment mPOS Solution

Jabil Inc. yesterday announced ongoing innovation between its payment solutions business unit and Revolut, a digital banking pioneer and global financial super app provider, to support the neobank’s rapid growth trajectory and global expansion in merchant acquiring. Jabil’s custom, pre-certified Point-of-Sale (POS) hardware platform, as well as other retail automation technologies transforming digital commerce, will be […]

Intel and DigitalBridge announces the launch of Articul8

Intel and DigitalBridge Launch Articul8, an Enterprise Generative AI Company

Intel Corp. and DigitalBridge Group, Inc., a global investment firm, yesterday announced the formation of Articul8 AI, Inc. (Articul8), an independent company offering enterprise customers a full-stack, vertically-optimized and secure generative artificial intelligence (GenAI) software platform. The platform delivers AI capabilities that keep customer data, training and inference within the enterprise security perimeter. The platform […]

Superfiliate raises USD 3M funds to transform affiliate shopping experiences

Superfiliate, a software platform supercharging brands word of mouth marketing channels through co-branded landing pages across their best customers, influencers, ambassadors, and affiliates, yesterday announced the closing of a $3 million seed funding round led by Hawke Ventures and Vanterra Ventures, with participation from R2 Ventures, Revolution’s Rise of the Rest Seed Fund, Sandbox Studio Investments, Nik Sharma of Sharma Brands, Ben […]