Cybersecurity company Cyble announced the successful completion of its Series B funding round, securing an additional $6.2 million. In July, Cyble had secured $24 million in the initial tranche of its Series B funding. With this latest investment, the company has officially closed the entire funding round at $30.2 million. Summit Peak Ventures (US) and King River Capital (US) spearheaded this funding…
Fnality, a blockchain-based wholesale payments firm, said it has raised 77.7 million pounds ($95.09 million) in a second round of funding backed by Goldman Sachs and other blue chip financial firms as it awaits Bank of England approval to start operations, according to Reuters report. UK-based Fnality seeks to bridge the gap between mainstream and…
IQAX Ltd., an innovative developer of technology solutions for shipping and logistics based in Hong Kong, announced an investment into BoxPlus Information Technology Company Ltd., a provider of Internet of Things (IoT) solutions, as part of an effort to support the fast-growing reefer market with IBOX Reefer. IQAX invested in BoxPlus, becoming a shareholder in the Shanghai-based developer…
ELEMENT EIGHT, a premium brand bringing the cutting-edge advances of biomedicine to skincare through its proprietary OATH: Oxygen Amplified Therapy, announced that it has closed $6M in funding in a SAFE round. The brand reported $2.5M of investment from its existing investors, and was able to attract an additional $3.5M from new investors. “With forty five percent of the round coming…
IMCD N.V. (IMCD), a global leading distribution partner, and formulator of speciality chemicals and ingredients, announced that IMCD India has signed an agreement to acquire two business lines from CJ Shah & Company for Cellulose Acetate Butyrate, Coalescing Agent, Polyolefin Polymers, and other chemicals primarily for Paints, Coatings, Adhesives and Lifesciences applications. With 20 employees,…
Boldyn Networks (Boldyn), one of the largest shared network infrastructure providers in the world, has agreed to acquire Cellnex’s private networks business unit. This largely includes EDZCOM, a Finnish pioneer and European market leader that designs, builds, and operates private 4G and 5G networks, predominantly for industrial clients in manufacturing, ports, oil and gas, energy generation,…
Sahajan, a leading Ayurvedic and clean beauty brand, announced its first round of equity funding that will drive the brand’s North American growth, bringing its clinically-proven products to the forefront. Investors in this round of funding include Ridgeline Ventures; Wonderment Ventures; actor Yvonne Strahovski (“The Handmaid’s Tale” and “Chuck”); celebrated poet and artist, Rupi Kaur…
Miro, the visual workspace for innovation, announced the acquisition of the visual collaboration platform, Freehand, from Invision. The deal includes the technology and brand assets, customer relationships and talent associated with Freehand. As part of the acquisition, Jeff Chow, former Freehand Chief Product Officer and recently promoted InVision CEO, joins Miro as the company’s new Chief…
UnionPay International, or UPI, a global leader in the payment industry, is continuing to bolster its presence in the European market by delivering high-quality, efficient and secure cross-border payment services to international cardholders. With a focus on localized business development, UnionPay is expanding its comprehensive payment solutions in key European markets while offering broad acceptance…
U.S. International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT) – a consortium of India’s largest port operator Adani Ports and SEZ Ltd., Sri Lanka’s leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority – to the tune of USD 553 million.…
Sequretek, a global cybersecurity solutions provider, has raised $8 million in a Series A round led by Omidyar Network India, an investment firm focused on impact. The latest funding round also saw participation from Narottam Sekhsaria Family Office and Alteria Capital. The funds will be utilised to scale its global operations and go-to-market strategies. The funds will also be…
Vietnam’s leading corporation FPT announces its acquisition of the US-based company Cardinal Peak, a strategic move to strengthen its product engineering delivery capabilities in North America. As part of FPT’s global growth strategy, this investment leverages Cardinal Peak’s expertise and 20-year experience of delivering end-to-end product engineering services, including hardware, embedded software, IoT, cloud, and…
Meritech, a leading manufacturer of Mobile Network T&M, Network Optimization, and LPWA (Low Power Wide Area) IoT solutions announced that it has acquired AZENQOS (AZQ), a Thailand-based 5G network testing solution provider. This acquisition will be executed through its group company, Meritech Software Private Limited, India (Meritech) and encompasses AZENQOS’s flagship offering, AZENQOS ANDROID DRIVETEST for wireless networks.…
Arvind Fashions Limited (AFL), India’s leading casual and denim player, has signed definitive agreements with Reliance Beauty & Personal Care Limited (RBPCL) to sell its wholly owned subsidiary Arvind Beauty Brand Retail Limited (ABBRL) which runs its Sephora India business, in an all cash transaction. RBPCL is a wholly owned subsidiary of Reliance Retail Ventures…
Accenture has acquired Innotec Security, a privately held company specializing in cybersecurity-as-a-service, cyber resilience and cyber risk management, expanding its capabilities and footprint in Spain. Innotec Security was previously owned by parent company Entelgy Group. Financial terms were not disclosed. Founded in 2002 and headquartered in Madrid, Spain, Innotec Security is one of the most prominent cybersecurity service…