To address the growing health crisis related to dietary habits, San Francisco-based startup Fay has announced a substantial $25 million funding round. This significant financial boost comes on the heels of a previously undisclosed seed round led by General Catalyst and a $20 million Series A round spearheaded by Forerunner Ventures, with continued support from…
Cybersecurity titans LogRhythm and Exabeam announce merger
LogRhythm and Exabeam, two vanguards in AI-driven security operations, have declared a definitive merger agreement. This strategic fusion is set to redefine the landscape of security operations with advanced AI capabilities. Chris O’Malley, CEO of LogRhythm, expressed enthusiasm about the merger, stating, “This union marks the dawn of a new era for AI-driven cybersecurity solutions…
Gulf Land announces luxury residences in Dubai in partnership with Tonino Lamborghini Group
Dubai, UAE: Gulf Land Property Developers recently announced its collaboration with Tonino Lamborghini Group to develop an upscale residential community in the heart of Dubai. This distinctive development will bear the prestigious Tonino Lamborghini brand, synonymous with Italian quality and sophistication worldwide. The new residential community introduces a fresh perspective to lifestyle living in Dubai…
Perpetual Resources signs term sheet to acquire option on the Raptor project
SYDNEY, AUSTRALIA: Perpetual Resources has signed a binding Term Sheet to secure a low-cost option on the Raptor project, which holds mineral rights for Rare Earth Elements (REE), Niobium, and Scandium. This project is part of a strategic tenement package situated in the renowned Tier 1 Caldeira Rare Earth complex in Minas Gerais, Brazil. The…
Cognite launches data fusion on Google Cloud in Saudi Arabia
RIYADH, SAUDI ARABIA: Cognite, a leading provider of industrial software, has announced the availability of its premier Industrial DataOps product, Cognite Data Fusion®, on Google Cloud within Saudi Arabia. This pivotal partnership marries Cognite’s expertise in data management and artificial intelligence (AI) with the robust infrastructure and analytics prowess of Google Cloud. The integration is…
Japan’s Shin-Etsu Chemical Co. to establish silicone products plant in China
TOKYO: Shin-Etsu Chemical Co. has decided to establish a new company, Shin-Etsu Silicone (Pinghu) Co., Ltd., in Zhejiang Province, China, and construct a new silicone products plant to expand its silicone business. Shin-Etsu Chemical established Zhejiang Shin-Etsu High-Tech Chemical Co., Ltd. in Zhejiang Province, China, in 2002 to meet the demand for silicone products in…
Ivanti launches new Tech Alliance Marketplace
SALT LAKE CITY: Ivanti, the renowned technology firm at the forefront of bridging the gap between IT and security, has announced the launch of its innovative Tech Alliance Marketplace in Salt Lake City. This cutting-edge platform is engineered to meet the ever-changing demands of customers, revolutionizing the way partners and customers interact with Ivanti’s comprehensive…
Bregal Milestone’s Allshares has acquired Aktieinvest Incentives
LONDON: Bregal Milestone, a leading European technology and software private equity firm, announced the acquisition of Aktieinvest Incentives by its portfolio company, Allshares, a pioneering compensation and long-term incentive software and services provider. Following Allshares’ recent acquisition of Novare Pay, the strategic addition of Aktieinvest Incentives further establishes the company at the forefront of providing…
Universal Robots and MiR open new robotics hub in Denmark
ODENSE, DENMARK: Universal Robots and Mobile Industrial Robots (MiR) have inaugurated their expansive new headquarters in Odense, Denmark. The 215,000 square-foot facility is poised to become a central hub for robotics innovation. The grand opening event was attended by partners from the global ecosystems of both companies, including tech giants NVIDIA and Siemens. These partnerships…
SMTC Corporation appoints Mike Buseman as its new President and CEO
MELBOURNE, Fla.: SMTC Corporation, a North American leader in electronics manufacturing services, has appointed Mike Buseman as its new President and CEO, effective May 13, 2024. Buseman, with over three decades of industry experience, succeeds Ed Smith, who will take on the role of Executive Chairman of the Board. Buseman’s extensive background includes leadership roles…
ABL Group to acquire Ross Offshore in a NOK 100 million deal
OSLO, NORWAY: ABL Group has entered into an agreement to acquire 100 percent of the shares of specialist energy consultancy Ross Offshore from Moreld Group. The transaction values Ross Offshore at NOK 100 million (equivalent to USD 9.2 million at current FX rates) on a cash and debt free basis, based on locked box accounts…
Abingdon Health launches Saliva Pregnancy self-test in Boots
YORK, U.K.: Abingdon Health plc (AIM: ABDX), a leading international lateral flow Contract Development and Manufacturing Organisation (CDMO), announced the launch of Boots own-brand, saliva pregnancy self-test across the UK and online, in partnership with Salignostics and Crest Medical. On 20th March 2024, Abingdon Health announced the launch of the first two Boots branded self-tests…