AI-powered farm advisor Aquaconnect, based in Chennai, has secured $4 million in a pre-Series A round co-led by Flourish Ventures and Rebright Partners. AgFunder, 6G Capital as well as existing investors HATCH and Omnivore also participated in the latest funding round. Speaking on the announcement, Rajamanohar “Raj” Somasundaram, Founder and CEO of Aquaconnect, commented, “The…
Colt Data Centre Services (DCS), a provider of global hyperscale data centre solutions, has announced, that Fidelity has entered into a joint venture agreement with Mitsui & Co, and Mitsui & Co Asset Management Holdings, to provide state-of-the-art hyperscale data centres in Japan. The new joint venture will be owned 50:50 and will further strengthen…
Jefferies Financial Group, Inc., the parent company of Jefferies Group LLC, and Sumitomo Mitsui Financial Group, Inc., Sumitomo Mitsui Banking Corporation and SMBC Nikko Securities Inc. have announced that they have entered into a Strategic Alliance to collaborate on future corporate and investment banking business opportunities. “Through the Strategic Alliance, Jefferies and SMBC Group will…
Veo, a micromobility company, has announced the closing of a $16 million Series A funding round led by Autotech Ventures, with participation from UP.Partners, FJ Labs, and Interplay Ventures. Veo will use the funds to expand its footprint of custom-designed, shared-use scooters and bikes. “At Veo, we are laser-focused on the long term with high quality vehicles…
Milestone Technologies, a Silicon Valley based global IT managed services firm, has announced the acquisition of Software Management Consultants, Inc. (SMCI), a NextGen IT Consulting, Talent Management and Digital Solutions Provider based in Glendale, CA, USA. “I am thrilled to welcome the SMCI team, their customers, and partners to the Milestone family. We are very…
LetsDressUp (LDU) has received $300,000 in a pre-Series A funding round from Titan Capital and other investors. Sequoia Capital, Hauz Khas Ventures, Lykke Capital, investor Sweta Rau along with existing investors Kaushika Madhavan, Senior Partner at Mckinsey & Co – Abhishek Malhotra, COO of IIFL Wealth & Asset Management – Anshuman Maheshwary, Senior Partner at…
Titomic Limited has announced that its wholly owned subsidiary Titomic USA, Inc has completed the acquisition of the business of Tri-D Dynamics Inc on the terms set out previously on 22 April 2021. The Tri-D acquisition is another milestone in the Titomic strategy to be a global solutions leader in additive manufacturing, according to a…
Social commerce startup Trell has announced that it has secured $45 million in its series B funding round. The funding round saw participation from Mirae Asset, LB Investments, H&M Group, Samsung Ventures, KTB Network, and Fosun RZ Capital. Existing investors also participated in the latest round. “Trell has enabled millions of Indian language internet users to discover…
MPOWER Financing, a fintech platform and provider of education loans to students, has announced that it has raised an equity investment of $100 million. The funding is in addition to the $30 million MPOWER Financing raised earlier this year from Tilden Park Capital Management, which also participated in the current round, and ETS Strategic Capital…
Adapdix, an adaptive enterprise software provider, has announced that Chet Hullum has joined the company as Vice President of Product Strategy and Marketing. Anthony Hill, CEO at Adapdix, said, “Chet is an exceptional talent and a proven leader, and we’re delighted to bring his skills and experience to the Adapdix senior management team. He has…
Jaguar Land Rover has announced the appointment of Lennard Hoornik as new Chief Commercial Officer. Lennard will begin his new role with immediate effect, helping to drive innovation within Jaguar Land Rover, and realise the potential of the business’s Reimagine strategy, according to a statement. Lennard will be responsible for all global sales and marketing…
Tridius Technologies, a Microsoft Gold Partner and application development consulting firm, has received a majority investment from Terralogic Solutions Inc., a global technology consulting firm backed by Paxion Capital to expand Terralogic’s portfolio of services in the technology industry. CEO Matthew Ramsey, CTO David Clark and EVP Kevin Wheat will retain a significant equity ownership…
Halo Technology Group, an independent manufacturer of fiber optic transceivers and high-speed cabling, has announced that it has completed two acquisitions to broaden its product portfolio and strengthen its global presence. Halo acquired ARIA Technologies, a designer, manufacturer, and provider of fiber optical connectivity solutions headquartered in the San Francisco Bay Area. Halo also acquired…
Mark43, a cloud-native public safety software company, has announced $101 million in Series E funding led by Tiger Global Management and The Spruce House Partnership. The Radcliff Companies, Australia’s 29th Prime Minister Malcolm Turnbull, and former Lord Mayor of Sydney Lucy Turnbull also participated in this round. They joined Goldman Sachs, General Catalyst, Spark Capital,…
Bambu has announced the acquisition of Tradesocio, a WealthTech company with 65 employees, specialising in investment management and trading technologies with offices in Singapore, India, and Dubai. According to a statement, “this acquisition significantly strengthens the combined business’ competitiveness globally. Bambu will have a presence in all major financial hubs and expanded digital wealth capabilities…