Zoomin Software, a New York and Tel Aviv-based company that provides knowledge orchestration solutions, announced that it has raised $21 million led by investors Bessemer Venture Partners, Salesforce Ventures and Viola Growth. The funding will be utilised to scale operations throughout the US and EMEA to meet the rising market demand for its solutions, with…
Headquartered in Japan, Idemitsu, manufacturer and supplier of lubricants in India has announced its partnership with Indian Kawasaki Motors to manufacture it’s Kawasaki Genuine Oil for all Kawasaki motorcycles in India. Mr. Naoki Matsumoto Managing Director from India Kawasaki Motors Pvt. Ltd, says, “It is a great opportunity for two renowned Japanese brands to join…
Eli Lilly and Prevail Therapeutics Inc. have announced a definitive agreement for Lilly to acquire Prevail for $1.040 billion. Prevail is a biotechnology company developing potentially disease-modifying AAV9-based gene therapies for patients with neurodegenerative diseases. The acquisition will establish a new modality for drug discovery and development at Lilly, extending Lilly’s research efforts through the…
Cyient, a global engineering, manufacturing, and digital transformation and technology solutions company, announced that it had signed an MoU with Decipher, a SaaS company that provides a cloud monitoring and governance platform for tailing storage facilities. As per the MoU, Cyient will support Decipher with the global rollout of their cloud mining platform for tailings…
Skylo, the satellite-based IoT solution that turns machines into always-connected smart objects, has announced an exclusive partnership with BSNL, India’s government-owned telecommunications provider. “For centuries, industries including agriculture, railways, and fisheries, have been operating in the physical world and haven’t had the opportunity to take full advantage of modern digital technologies like AI, machine learning, IoT,…
Global pharmaceutical company, Viatris, has announced additional details of its previously disclosed multi-year global restructuring initiative. The restructuring initiative is part of the company’s previously announced roadmap to maximize long-term value creation and is intended to ensure the new company is optimally structured to sustainably achieve its bold mission while also delivering on its financial…
Hyundai Motor Group announced it will acquire a controlling interest in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion. The deal came as Hyundai Motor Group envisions the transformation of human life by combining world-leading robotics technologies with its mobility expertise. Financial terms were not disclosed. Under the agreement,…
Starbucks Corporation has announced that Mellody Hobson will serve as the company’s next non-executive chair of its board of directors starting in March 2021. Hobson, who first joined the board as an independent director in 2005 and was appointed as the board’s independent vice chair in 2018, will succeed Myron E. Ullman. Ullman, who has…
Sony Pictures Entertainment has announced that AT&T has agreed to sell its Crunchyroll anime business to Funimation Global Group, LLC. Funimation is a joint venture between Sony Pictures Entertainment Inc. and Sony Music Entertainment (Japan) Inc.’s subsidiary, Aniplex Inc. Meanwhile Crunchyroll is a premier anime direct-to-consumer service within AT&T’s WarnerMedia segment with more than 3…
Solactive, a technology-enabled provider of indices and index solutions to the global financial services industry, has landed $60.4 million minority investment from global growth equity firm Summit Partners. The investment will help support the company’s growth, as it expands its product offering and presence worldwide and further builds upon its proprietary technology platform, infrastructure and…
DataRobot, enterprise AI platform has announced investment from and expanded partnership with Snowflake. Salesforce Ventures and Hewlett Packard Enterprise (HPE) also made strategic investments in the company. These investments come as DataRobot expands the Series F round of financing led by Altimeter to $320 million at a $2.8 billion valuation. In addition to the Snowflake Ventures investment,…
Ola has appointed Julien Geffard as the Director of Go-To-Market Strategy for its electric business in Europe, as the company gears up to bring range of electric scooters to Europe in the coming months. He will be based out of the company’s Amsterdam office. To cater to the global demand from customers around the world,…
Digital Transformation consulting firm for the financial services industry, Synechron has acquired Attra, a technology services and solutions provider, headquartered in Melbourne, and focused on the banking, finance, and payments industries. Attra is one of the pure play payments solutions providers with a global delivery footprint in Australia, New Zealand, North America, Europe, the Middle East,…
Nutanix, a private cloud, hybrid, and multicloud computing company, has announced that its Board of Directors has appointed Rajiv Ramaswami as President and Chief Executive Officer, effective Wednesday, December 9, 2020, and as a member of the Board of Directors, effective Monday, December 14, 2020. Ramaswami will succeed co-founder Dheeraj Pandey, who previously announced his…
EPOS, a high-end audio solutions and technology company, has made its debut in India with the launch of the Adapt 560 and Adapt 360 headphones. Part of the Demant Group, Denmark, EPOS operates in more than 30 countries worldwide. The India launch is in line with the brand’s commitment to develop and offer premium audio…