Intenseye, the AI-powered employee health and safety (EHS) company, has announced a $25 million Series A investment led by New York-based global venture capital and private equity firm Insight Partners. Existing Seed investors Point Nine and Air Street Capital invested significantly in the round and were joined by Alex Dalyac, CEO of insurance computer vision…
Amazon India has announced the expansion of its fulfilment network in Uttar Pradesh, with the launch of two new Fulfilment Centres (FC) in Lucknow. A company statement said, “With this expansion, Uttar Pradesh will now be home to three Amazon Fulfilment Centres (FC) with a storage capacity of more than 3 million cubic feet, 9…
Neural Propulsion Systems (NPS), an autonomous sensing platform, has announced the appointment of Dr. Arogyaswami Paulraj, Professor Emeritus in the Department of Electrical Engineering at Stanford University, to its new Scientific Advisory Board. Dr. Paulraj is joining to help the team at NPS realize the goal of Zero Autonomous Driving Accidents. “To help achieve our…
FloBiz, a neobank for SMBs, has announced that it has secured $31 million in the Sequoia Capital India and Think Investments led series B funding round. The round also saw participation from existing investors including Beenext and Elevation Capital. Angel investors like Vijay Shekhar Sharma, Kunal Shah, Jiten Gupta, Amrish Rau, Neeraj Arora, Nitin Gupta,…
Emerging Markets Global Advisory Limited (EMGA), the niche investment bank focused on emerging markets, has announced a Senior Debt capital raise transaction that will allow BTG Pactual to expand its small and medium-sized enterprise (SME) activities in Brazil. The US$300 million debt facility was provided by DFC and follows on from a US$140 million transaction…
Sorare, the fantasy football platform, has announced that it has raised $680 million in Series B financing led by Softbank, with participation from Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP and Liontree; and existing investors Benchmark, Accel and Headline. Football players Gerard Piqué, Antoine Griezmann, Rio Ferdinand and César Azpilicueta also participated in the round. In addition…
NextGen Healthcare, Inc., a provider of ambulatory-focused technology solutions, has announced that David Sides has been appointed President and Chief Executive Officer, effective September 22. Sides brings more than two decades of experience in healthcare information technology and product innovation. Most recently he served as Chief Operating Officer of Teladoc Health, where he led the…
TerraPay,a global payments infrastructure company has announced a strategic partnership with MOVii, a mobile wallet service that allow both banked and unbanked Colombians to do financial transactions from their mobile phone, with ease, convenience and security. Speaking on the launch of the partnership, Ricardo Madronero, Regional Manager– LATAM region, TerraPay stated, “Our partnership with MOVii…
Hyundai Motor North America has promoted company veteran Jason Erb to vice president, chief legal officer, effective Sept. 20. In this role, Erb is responsible for all legal matters across the region, including product liability, safety and warranty, intellectual property, risk management, cyber security, dealer franchise, and human resources, among other responsibilities. Erb reports to…
Fintech startup INAI has announced that it has secured approx. $4 million in Paua Ventures and 9Unicorns led seed round. The round also saw participation from Uncommon Capital, Anarko Ventures, Soma Capital, Gemba Capital and Better Capital, as well as angel investors. Federico Wengi, Partner, Paua Ventures, commented, “As the online payments tech-stack get more…
Tummoc, a Bengaluru based company, has announced that it has raised $540K in a seed funding round. The round saw participation from angel investors like founder of HMPL Consulting – Vineet Singh; Software Development Manager, Amazon – Krishna D; Strategy & Operations, Google – Deependra Bisht, and Alan Aim, Founder – Right Buy U. Speaking…
Cooper Standard has announced the appointment of Soma Venkat, Ph. D., to senior vice president and chief information technology officer, effective September 20, 2021. In his new role, Venkat will be responsible for leading Cooper Standard’s information technology (IT) function. “We are pleased to welcome Soma back to the Cooper Standard team,” said Jeffrey Edwards,…
The Goldman Sachs Group, Inc. and GreenSky, Inc. have announced that they have entered into a definitive agreement pursuant to which Goldman Sachs will acquire GreenSky, a fintech platform for home improvement consumer loan originations, in an all-stock transaction valued at approximately $2.24 billion. “We have been clear in our aspiration for Marcus to become…
Sri Adhikari Brothers Group has joined hands with DistroScale, a media technology company based in California, to expand its digital presence further around the globe. DistroTV is the U.S.’s independent free ad-supported streaming television (FAST) platform and internationally available. On this association, Mr. Kailashnath Adhikari, Business Head of the Group said, “We are very happy…
The World Youth Group has appointed Bahrain-based businessman Mohammed Mansoor as the Director of their Council. Mr. Mansoor, Founder & CEO of Saara group heads a series of ventures and organizations spread across the domains of information technology, energy, oil & gas, sports, seed capital investments. Speaking on the appointment, H.E. Ambassador Collen V. Kelapile,…