Volvo Group Venture Capital AB invests in the Madrid based company Trucksters, a transport operator focused on providing long-distance transportation through an innovative truck relay system based on big data and artificial intelligence. “The company Trucksters is using advanced algorithms and AI to manage long-haul relay transportation through Europe providing faster, safer and more sustainable transports. We are impressed by…
Imaging Business Machines LLC (ibml), a global market leader in high-volume, mission-critical digitization and intelligent document processing (IDP) solutions, announced the acquisition of Exela Technologies’ IntelliScan Smart Scanning Solutions (Intelliscan). The acquisition provides ibml with an enhanced portfolio of products and expanded service coverage to meet high-volume digitization needs of customers, a statement said. ibml…
Ozone Overseas, a renowned brand in the home and office improvement solutions market, announced that it has successfully secured INR 250 crore growth funding from PAG-backed Nuvama Private Equity’s latest late-stage/pre-IPO series of funding. With this investment, Ozone Overseas aims to bolster its existing growth chart by expanding its manufacturing capacity, reinforcing brand presence, and…
Choice International Limited, a prominent business conglomerate listed on the NSE and BSE through its subsidiaries herein referred to as “Choice Group,” announced the expansion of its operations in Kerala. The company is dedicated to strengthening its presence in the region and providing exceptional financial services to its valued customers. With an already extensive reach,…
TradingLeagues, a fantasy gaming platform for the financial market, has raised $3.5 million from Leo Capital, Jeejeebhoy Family Office and the family office of KP Balaraj who is founder of Sequoia India and Westbridge Capital, in a pre-Series A funding round, according to moneycontrol report. Founder Raghu Kumar who had also co-founded Upstox, has been involved with financial markets through his entire…
Cohere, an AI foundation model company that competes with Microsoft-backed OpenAI, said it has raised $270 million in a funding round from investors including Nvidia, Oracle and Salesforce Ventures, according to Reuters report. The announcement confirmed the long-rumored funding for the Toronto-based AI startup, which focuses on building AI models for enterprise customers. Cohere didn’t disclose its…
WebMD Health Services, a leader in holistic well-being solutions, and a part of WebMD Health Corp., announced its intent to acquire Limeade, an immersive employee well-being company. The transaction brings together two organizations that share similar core values rooted in empowering individuals to make educated health and well-being decisions. Limeade creates healthy employee experiences helping…
Sheerdrive, a Mumbai-based pioneering Digital AI/ ML pre-owned vehicle platform, which deals with all the key elements required to run an effective used-vehicle program for New Car Dealerships (NCDs), has announced that Inflection Point Ventures (IPV), a well-known angel investment group, has made an undisclosed investment in the business. Inflection Point Ventures (IPV) joins the group of investors…
Aleph Farms, a cellular agriculture company designing new ways to grow quality animal products, announced that Chef Marcus Samuelsson is joining the company as an investor, culinary advisor and launch partner. Through much of his rise to fame as the celebrity chef behind 13 restaurants around the world, a New York Times best-selling author and a TV personality, Samuelsson…
Lentra, a cloud-based lending software provider, has raised $27 million in an extended series B round to make way for strategic investors on its cap table, founder and CEO D Venkatesh told ET. He added that MUFG Bank and Dharana Capital have invested at a $400 million dollar valuation, the same valuation at which the…
R Systems, a leading digital product engineering company, announced that it has signed definitive agreements to acquire Velotio, an India-based product engineering and digital solutions provider. With a team of over 300 engineers, Velotio combines complex engineering, data expertise, cloud-native, and design capabilities to build innovative products for global customers, including NASDAQ-listed enterprises, and high-growth…
Indoco Remedies Limited (Indoco), a fully integrated, research based pharma company with a strong global presence has acquired 85% of equity stake of the US based FPP Holding Company, LLC (FPP Holding) for USD 4 Million from Contract Pharmacal Corp. (“CPC”). FPP Holding is the holding company of Florida Pharmaceutical Products, LLC (“FPP”) which is…
IMMO, the proptech platform disrupting how people can sell, rent, and invest in housing, has announced the opening of a Technology Hub in Chennai, India. IMMO, headquartered in London, grants institutional investors access to granular residential real estate, and offers a fully integrated tech platform that spans market intelligence, real estate sourcing, lettings, and property…
IBM announced plans to open its first Europe-based quantum data center to facilitate access to cutting-edge quantum computing for companies, research institutions and government agencies. The data center is expected to be operational in 2024, with multiple IBM quantum computing systems, each with utility scale quantum processors, i.e., those of more than 100 qubits. The data…
CIRCOR International, Inc. (CIRCOR), one of the world’s leading providers of mission critical flow control products and services for the Industrial and Aerospace & Defense markets, announced that it has entered into a definitive agreement to be acquired by investment funds managed by KKR, a leading global investment firm, in an all cash transaction valued…