Novartis will acquire Mariana Oncology, a fully integrated biotechnology company and pioneer in a new era of radiopharmaceutical innovation for treating people with cancer, for $1 billion upfront and up to $750 million in potential milestone payments, a statement noted. With this acquisition, Mariana Oncology’s innovative radiopharmaceutical platform is combined with Novartis’s proven expertise in…
Höegh LNG signs agreement to deploy FSRU Hoegh Galleon to Egypt
BERMUDA: Höegh LNG Holdings Ltd. (Höegh LNG) has announced an agreement between Höegh LNG, Australian Industrial Energy Pty Ltd (AIE) and Egyptian Natural Gas Holding Company (EGAS) for the deployment of the Floating Storage and Regasification Unit (FSRU) Hoegh Galleon. The aim of the deployment is to support energy security in Egypt. Hoegh Galleon will…
Bricklayer AI raises pre-seed investment of $2.5 million
Bricklayer AI Inc. announced a pre-seed investment of $2.5M to advance product development of its autonomous AI security analyst solution. The pre-seed round was oversubscribed with participation from Sovereign’s Capital, Dreamit Ventures, VIPC’s Virginia Venture Partners, BlueWing Ventures, and Blu Ventures, as well as cybersecurity industry leaders. Bricklayer AI has built the first autonomous security…
Karius Inc. secures $100 million in Series C Funding
Karius, Inc., a pioneering company in the field of infectious disease detection, has announced a substantial $100 million Series C funding round. The investment was co-led by Khosla Ventures, 5AM Ventures, and Gilde Healthcare, with participation from new investor Seventure Partners and existing backers including Softbank Vision Fund 2 and General Catalyst. This infusion of…
BioPharma Credit signs $400 million financing deal with Novocure
LONDON: BioPharma Credit PLC, a leading debt investment trust listed on the London Stock Exchange (LSE: BPCR), has declared a substantial financial agreement through its wholly owned subsidiary and in conjunction with BioPharma Credit Investments V (Master) LP. The partnership has secured a senior loan agreement with Novocure Luxembourg S.a.r.l., a subsidiary of the NASDAQ-listed…
Unveiling the Porsche Design Magic 6 RSR: A Fusion of Elegance and Technology
In the realm of technology collaborations, the partnership between Honor and Porsche is one that stands out. The two powerhouses have joined forces once again, following the success of their special edition Magic V2, to introduce a new marvel in the world of folding smartphones—the Porsche Design Magic 6 RSR. The Birth of a New…
Nvidia’s next-gen Blackwell RTX 5080 GPU
In the ever-evolving world of graphics technology, Nvidia’s anticipated RTX 5080 GPU may not make its debut this year, contrary to the swirling rumors propelled by a notable tech leaker. However, enthusiasts have reasons to remain optimistic about the next-generation Blackwell graphics cards. A recent video by Moore’s Law is Dead (MLID) on YouTube has…
Microsoft signs record-breaking deal to power AI with renewables
Microsoft has partnered with Brookfield Asset Management in a monumental agreement to support approximately $10 billion worth of new renewable energy initiatives. This deal represents the most significant corporate investment in renewable energy to date, with the goal of meeting the increasing energy requirements of artificial intelligence (AI) technologies and data centers. A New Era…
Accenture acquires Parsionate, a renowned data consultancy firm
Accenture (NYSE: ACN) has announced the acquisition of Parsionate, a renowned data consultancy firm. This acquisition is set to fortify Accenture’s capabilities in the retail, industrial, consumer goods, and life sciences sectors across Europe. The integration of Parsionate’s expertise in data strategy and technology implementation aligns with the increasing investment in data and AI by…
Huawei Pura 70 Ultra: An In-Depth Look at the Future of Smartphones
Huawei’s introduction of the Pura 70 Ultra in April marked a significant milestone in the evolution of smartphone technology. As the flagship model of the Pura series, the Pura 70 Ultra is a device that encapsulates the pinnacle of Huawei’s engineering prowess and design philosophy. Revolutionary Camera System The Pura 70 Ultra’s camera system is…
Imec.xpand launches €300 million fund to propel semiconductor and nanotech startups
Imec.xpand, an independent venture capital fund, has unveiled a new €300 million fund in collaboration with imec, a leading nanoelectronics R&D center. The fund aims to invest in startups with disruptive potential in semiconductors and nanotechnology, propelling innovations that are a decade ahead. The fund’s global investments span various stages, targeting sectors like AI, ML,…
Permira to acquire majority position in BioCatch at $1.3bn valuation
BioCatch, a leader in behavioral biometric intelligence, has announced a new majority stakeholder. Permira Growth Opportunities II, advised by the global private equity firm Permira, is set to acquire a majority position in BioCatch. This strategic acquisition, valued at $1.3 billion, is poised to fuel the company’s global expansion and enhance its product innovations. Founded…