SmartKem, Inc. has announced the closing of a $24.6 million private placement financing. Prior to the financing, SmartKem Limited completed a reverse acquisition transaction with Parasol Investments Corporation (Parasol), a public Delaware corporation, whereby SmartKem became a wholly owned subsidiary of Parasol. Following the acquisition, Parasol changed its name to SmartKem, Inc. and will continue…
Hyva, a provider of loading and unloading hydraulic solutions serving the commercial vehicle and environmental services industries, hasappointed Alex Tan as its new CEO starting March 1st. He succeeds Marco Mazzù, who is appointed as Chairman of the Board. Alex was appointed the Managing Director of Hyva China in 2004 and has since led the…
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…
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…
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,…
Peloton has entered into an agreement to acquire Cevian Technologies, a cloud-based software company that specializes in real-time data acquisition, visualization, and reporting tools for the completions industry. Cevian’s flagship product, FracNet, is a real-time fracturing data visualization and cloud storage platform. “As the energy industry embraces digitalization and cloud technology, the opportunity to align…
Titan Cloud Software has acquired Australian firm Environmental Monitoring Solutions (EMS). The move will enable the company to expand its portfolio of wetstock management solutions and accelerate the company’s expansion in non-U.S. markets. “We are excited to welcome EMS and its employees to Titan Cloud,” says David Freese, CEO and Chief Product Officer for Titan…
Saltmine, an end-to-end digital workplace platform, has raised $20 million in new funding. The Series A round included a new investment from JLL Spark, the strategic investment arm of commercial real estate services firm JLL, as well as participation from existing investors Jungle Ventures and Xplorer Capital. In addition to its capital investment, JLL has…
GoStork, a fertility marketplace where Intended Parents find, compare and connect with fertility providers with free online database of egg donors and surrogacy agencies in the world, has announced its first round of seed funding in the amount of $760,000 for the expansion of services, providers and key staff. This round of funding, provided by…
Walmart has reported record annual revenue of nearly $560 billionwhich has resulted in $35 billion of growth and $40 billion of growth in constant currency. Walmart also continues to build the next generation business model, investing in automation to fuel future sales and earnings growth. The FY22 capital investments of the company are expected to…
Tata Consultancy Services, a global IT services, consulting and business solutions organization, has been recognized as a Leader in the Everest Group PEAK Matrix® for Artificial Intelligence (AI) Services1. According to the report, TCS has made credible investments in building a comprehensive portfolio of Al services, underpinned by strategic investments in developing domain-specific platforms and…
LogiNext, a technology company has announced a partnership with AmRest Holdings, an European multi-brand franchise restaurant operator headquartered in Spain. This partnership involved rolling out the technology to hundreds of restaurants where AmRest has reported considerable efficiency gains in terms of digitizing delivery operations and meeting customer promise of fast delivery. Through this partnership, AmRest…