CAMBRIDGE: CamGraPhIC Srl, a leader in energy-efficient, high-bandwidth optical interconnect technology and a subsidiary of 2D Photonics SpA, announced Monday the successful completion of a €25 million Series A equity funding round. The investment, raised through 2D Photonics, will accelerate innovation in graphene photonics transceivers, revolutionizing artificial intelligence (AI) and cellular data transmission by enhancing energy efficiency,…
Plus500 to acquire Mehta Equities for $20 million
LONDON: Plus500, a global multi-asset fintech group, announced Monday that it has conditionally agreed to acquire 100% of Mehta Equities Limited, an Indian financial services company specializing in broking services, including futures, options, and cash equities trading. The acquisition, valued at approximately $20 million, is part of Plus500’s strategy to expand its geographic footprint into India’s…
Augustine Therapeutics raises €77.7 million in Series A funding
LEUVEN: Augustine Therapeutics NV announced the successful completion of its €77.7 million ($84.8 million) Series A funding round. Co-led by Novo Holdings and Jeito Capital, the financing also included investments from Asabys Partners, Eli Lilly, AdBio Partners, V-Bio Ventures, and others. Augustine focuses on developing therapies for neuromuscular, neurodegenerative, and cardio-metabolic diseases by selectively inhibiting the…
SEALSQ Corp to acquire a 30% equity stake in WeCanGroup SA
GENEVA: SEALSQ Corp (NASDAQ: LAES), a subsidiary of WISeKey, has entered into a strategic agreement to acquire a 30% equity stake in WeCanGroup SA. The collaboration aims to bolster cybersecurity resilience in the Web 3.0 ecosystem, focusing on post-quantum cryptography, Internet of Things (IoT) security, and safeguarding financial sectors against quantum-enabled cyber threats. The partnership will…
Teledyne FLIR Defense secures $7.8 million Saudi contract
RIYADH: Teledyne FLIR Defense has secured a $7.8 million contract with Middle East Task Company (METCO) to supply its next-generation Lightweight Vehicle Surveillance System (LVSS) to a military entity in Saudi Arabia. The deal includes mission support equipment, training, and aligns with an approved localization plan involving the General Authority for Military Industries (GAMI). The…
Steadfast Group announces executive leadership changes
SYDNEY: Steadfast Group has announced key changes to its executive leadership team. Chief Operating Officer (COO) Nigel Fitzgerald will step down on 1 July 2025 to pursue a personal business venture. He will remain in a senior advisory role until 30 September 2025 and maintain close ties with the company, including board positions in several Steadfast subsidiaries….
Horizon Oil acquires stake in Thailand’s gas field in $30 million deal
SYDNEY: Horizon Oil Limited announced Tuesday it has agreed to acquire a 75% stake in Exxon Mobil Exploration and Production Khorat Inc. (EMEPKI), giving it a 7.5% working interest in Thailand’s Sinphuhorm gas field and a 60% interest in the Nam Phong gas field. The deal, valued at $30 million, is part of a consortium…
Ashley Reade named CEO of Rip Curl
TORQUAY: Ashley Reade has been appointed Chief Executive Officer of Rip Curl, KMD Brands Limited announced Monday. Reade, who brings two decades of global experience, will take up his role with the Australian surf brand in the coming months. Reade, formerly Vice President and General Manager of Nike Pacific, grew the region into a AU$1 billion…
Onsite Rental Group to acquire SRH’s road safety rental business for $10.8 million
SYDNEY: Saferoads Holdings (SRH) has entered into a conditional $10.8 million asset sale agreement and a $3 million product supply arrangement with Onsite Rental Group, a national equipment hire business owned by Malaysia-based Sime Darby. The agreements are subject to several conditions, including SRH shareholder approval, the transfer of key personnel, securing long-term rental contracts, and transferring…
GreenTech Metals sign sale and joint venture agreement for non-core tenements
PERTH: GreenTech Metals Ltd. (ASX: GRE) has entered into a binding sale and joint venture agreement with Errawarra Resources Ltd. (ASX: ERW) for two granted tenements and one prospecting license application in Western Australia, the company announced Monday. The agreement, which covers a combined area of 930 hectares adjacent to the Elizabeth Hill mining lease,…
SoundHound stock faces challenges after stellar 2024 growth
SoundHound AI (NASDAQ: SOUN) was one of the standout performers in the stock market in 2024, with shares skyrocketing by 836%. At its peak, the stock climbed a remarkable 1,040%, capturing widespread investor attention. However, this surge has come to a halt. Since its December peak, SoundHound AI’s stock has experienced a steep decline, now…
Top AI Stocks to Watch
The AI stock market is buzzing with excitement, and it’s easy to see why. Artificial intelligence is shaping the future in ways we’re only beginning to understand, and there are plenty of opportunities to get in on the action. Whether you’re a cautious investor or someone who loves chasing high-growth potential, there’s something for everyone….