Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.
Impact Analytics, Inc., a provider of AI-driven SaaS solutions for planning & merchandising within the retail industry, has closed an $11 million growth financing led by Argentum Capital Partners IV, L.P. In connection with the financing, Walter H. Barandiarán, Managing Partner at Argentum, has joined Impact’s Board of Directors. The Company’s SmartSuite and Forecasting products…
Codecademy, the online learning platform, has announced its Series D fundraise of $40M led by Owl Ventures and with participation from Prosus and Union Square Ventures. Codecademy will use the capital to accelerate its DTC and B2B growth, including new products and learning solutions, expanded curriculum, and a greater footprint in growing global markets like…
UST, a digital transformation solutions company, has completed the acquisition of abhra, Inc’s business of providing consulting, implementation, extension, and integration services and ongoing support to users of ServiceNow software. abhra, Inc. is an IT automation solutions company focused on developing and implementing Software as a Service (SaaS) platforms that help customers realize total value…
LinkedIn, a professional network, has announced the findings of the latest LinkedIn Workforce Confidence Index, a fortnightly pulse on the confidence of the Indian workforce. Based on the survey responses of 1,752 professionals, findings from January 1-29 reveal that professionals in India are confident about career progress despite growing uncertainties about the job market and…
Databricks, the Data and AI company, has announced the appointment of veteran technologist Vinod Marur as Senior Vice President of Engineering. Marur will lead the global engineering team at Databricks, helping the company accelerate innovation and continue to scale the Databricks Lakehouse platform for exponential growth. Marur brings decades of enterprise technology experience to the…
Accountancy Software Platform Ageras Group has raised $73M to expand its ecosystem further Into B2B fintech. Ageras will be utilizing this recent investment round from Lugard Road Capital—a global investment fund focused on public and private companies in the Internet, software, consumer and technology sectors—to grow the business in the US and abroad, and acquire more…
Startek, a global provider of customer experience management solutions, has announced that CSP Alpha Holdings Pte. Ltd., a wholly-owned subsidiary of the Company, has completed a debt refinancing with a newly secured $185 million senior debt facility, comprising a $165 million term loan and a $20 million revolving credit facility. Borrowings under the new senior…
Shield AI, a defense-technology company using self-driving software to enable unmanned systems to operate without GPS and communications, has raised $90M in a Series C round through equity and debt financing. The lead investor was Point72 Ventures. Shield AI will use the funding to help scale and further integrate its self-driving software, Hivemind, into additional…
Tawazun Economic Council and the UAE’s flagship satellite services operator, Yahsat, have signed a Memorandum of Understanding (MoU) to establish a new company to develop critical in-country capabilities in relation to the development and manufacture of advanced satcom solutions within the UAE, with a focus on building intellectual property locally for increased national security and…
Proxtera, a network of business-to-business (B2B) marketplaces that facilitates cross-border trade for small-medium enterprises (SME), and Tazapay, a digital escrow service for cross-border trade, have announced their partnership to launch Proxtera Protect, Powered by Tazapay to provide international buyers and sellers with a secure and protected payment service to streamline global trade. In partnership with…
IBM has announced that Safexpress, a supply chain & logistics company, has deployed ‘PROPEL-i’, a bespoke, end-to-end cloud native logistics platform, which was developed in collaboration with IBM Global Business Services. The digital platform enables the company to attain agility in demand management, obtain advanced and flexible dynamic pricing modelling capabilities and provides enhanced visibility and…
Arzooo, a business-to-business retail-tech startup, has raised $6 million in its latest financing round. The investment was received from Trifecta Capital. Speaking on the investment, CEO and Co-founder of Arzooo – Khushnud Khan said, “Our growth trajectory has been phenomenal and this capital will be used to fuel the same with the network expansion and scaling…
Plex Systems, a provider of cloud-delivered smart manufacturing solutions, has acquired Kors Engineering, a provider of plant floor connectivity and manufacturing process automation software. The acquisition is effective immediately and all Kors employees have joined Plex. Plex is focused on delivering production and plant-level insights. By acquiring Kors and its product, Mach2, Plex extends its…
Biofacturing company Zymergen has promoted Enakshi Singh to Chief Financial Officer. Singh has helped Zymergen close more than $1B in equity financing and $100M in debt since joining Zymergen as vice president of finance in 2014. “In seven years, Zymergen has grown from an idea to a thriving platform company, with one product in market…
Autodesk, Inc. has signed a definitive agreement to acquire Portland, Oregon-based Innovyze, Inc., a provider of water infrastructure software, for $1 billion net of cash subject to working capital and tax closing adjustments. The acquisition positions Autodesk as a technology leader in end-to-end water infrastructure solutions from design to operations, accelerates Autodesk’s digital twin strategy,…