The maker of Jif peanut butter, J.M. Smucker, announced on Monday that it will acquire Hostess Brands, the company behind Twinkies and other popular snacks, for $5.6 billion. The deal comes as major U.S. food companies are looking to diversify their brands amid declining sales during the pandemic. According to Reuters, J.M. Smucker was close…
Glasgow University launches centre for data science and AI research
The University of Glasgow has announced the opening of a new centre that will support its research in data science and artificial intelligence (AI). The Centre for Data Science will bring together hundreds of academics from different disciplines to tackle challenges such as climate change and inequality. The centre will have six research programmes, covering…
Product Review: Dell XPS 13 – A Portable Powerhouse
The Dell XPS 13 has long been a go-to choice for Windows users seeking an alternative to the MacBook Air. Having reviewed the 2020 model, I can attest that it was among the most impressive gadgets I’ve had the pleasure of testing. From its top-notch screen to its robust build quality, stellar performance, and exceptional…
UK Government backs BMW’s electric future, secures jobs at Oxford and Swindon plants
In a significant development today, the UK government has extended its support to BMW, ensuring job security at the company’s Oxford manufacturing plant and Swindon body-pressing facility. BMW Group has already invested over £3 billion in its Swindon, Hams Hall, and Oxford plants since the year 2000. The Oxford plant has been in production of…
Sensata Technologies to join the S&P MidCap 400 Index
Sensata Technologies (NYSE: ST), a leading provider of sensors and sensor-rich solutions for various industries, announced today that it will be added to the S&P MidCap 400 Index, a widely followed index of mid-sized companies. The inclusion will take effect from Monday, September 18, 2023. The company’s CEO and President, Jeff Cote, said that the…
Klaviyo announces $518.4 million IPO on New York Stock Exchange
Klaviyo, the software-as-a-service (SaaS) company that enables businesses to use their own data to create personalized and engaging digital experiences, has announced its initial public offering (IPO) of 19.2 million shares of its Series A common stock. The company, which was founded in 2012 and has more than 130,000 paying users, is offering 11.5 million…
Instacart files updated IPO filing, aims to raise $616 million
Instacart, one of the largest online grocery delivery firms in the United States, made a significant move on Monday by submitting an updated filing for its forthcoming initial public offering (IPO). The company, known for its grocery delivery services, disclosed its intention to secure up to $616 million in fresh capital, in addition to shares…
Correcto raises €6.5 million in seed funding
Correcto, a Madrid-based startup that offers a SaaS platform for real-time language and spelling solutions and corrections for written Spanish through AI, announced today that it has secured €6.5 million in its second seed funding round. The round was led by Octopus Ventures, Carya Venture Partners, and River Park Ventures, three venture capital firms that…
MindTrip raises $7 million in seed funding to build AI-powered travel platform
MindTrip, a San Francisco-based startup that is developing an artificial intelligence-powered travel planning platform, announced today that it has raised $7 million in seed funding. The round was led by Costanoa Ventures, a venture capital firm that focuses on seed and early-stage investments in SaaS, security, fintech, and other sectors. MindTrip was founded in 2023…
Bangalore’s Perfios raises $229 million in Series D funding from Kedaara Capital
Bangalore-based SaaS B2B software provider Perfios has successfully secured $229 million in a Series D funding round. Private equity firm Kedaara Capital led the investment, combining primary fundraising with a secondary share sale. Kedaara Capital, known for its operational focus, invests in various sectors, including logistics, packaging, specialty chemicals, pharmaceuticals, and finance. Perfios plans to…
Shop Circle raises $120 million in Series A to revolutionize e-commerce industry
Shop Circle, a London-based e-commerce software company, has secured $120 million in a Series A round of funding. The round was led by 645 Ventures and 3VC, two venture capital firms that specialize in backing early-stage technology startups. QED Investors and NfX, existing investors in Shop Circle, also joined the round. Shop Circle plans to…
Atturra Holdings to acquire 100% of the ordinary share capital of Cirrus Networks Holdings
SYDNEY, AUSTRALIA: Atturra Limited, a leading advisory and technology services business in designing, implementing, and maintaining IT solutions, has entered into a binding Scheme Implementation Deed for its subsidiary Atturra Holdings to acquire 100% of the ordinary share capital of Cirrus Networks Holdings (ASX: CNW). The total scheme consideration of $0.053 per Cirrus share represents…