SAN FRANCISCO: Certa, the all-in-one third-party management platform based in San Francisco, has successfully secured $35 million in Series B funding, marking a significant milestone in the company’s growth. This oversubscribed funding round has propelled Certa’s total institutional investment to an impressive $50 million. Leading the Series B round were prominent investors, including Fin Capital,…
CLARA Analytics raises $24 million in Series C funding
A Series C funding round of $24 million has been raised by CLARA Analytics, an AIaaS company that helps insurance claims professionals optimize outcomes. The round was led by Spring Lake Equity Partners, a new investor that focuses on technology-oriented companies. The existing investors also joined the round, bringing CLARA’s total funding to $60 million….
UK rejects immigration changes for India trade deal, says PM’s office
LONDON: British Prime Minister Rishi Sunak’s office has ruled out any changes to the UK’s immigration policy as a condition for a free trade agreement with India, according to Reuters. The spokesperson of Sunak said that the prime minister thinks that the current migration levels are too high and that there are no plans to…
Concord Cadence agrees to takeover Round Hill Music Royalty for $468.8 million
LONDON, UK: Concord Cadence Limited has agreed to takeover Round Hill Music Royalty Fund (RHM) at the rate of $1.15/share translating into $468.8 million. Round Hill Music shareholders will receive the dividend of $0.01125 per RHM Share in respect of the quarter ended 30 June 2023 (as announced by RHM on 31 August 2023). In…
MHP SE and Tanmiah Food Company sign deal to boost poultry production in Saudi Arabia
LONDON, UK: MHP SE, a big food and agrotech company from Ukraine, has signed a deal with Desert Hills Veterinary Services Company Limited (DHV), a part of Tanmiah Food Company, a leading poultry and meat producer in the Middle East. The deal will help MHP grow its business internationally and help Saudi Arabia produce more…
Boeing’s CFO warns of reduced MAX deliveries, loss in Q3 due to manufacturing defect
Boeing’s Chief Financial Officer, Brian West, has disclosed that a manufacturing defect discovered last month in the Boeing 737 MAX is expected to have a significant impact on the company’s operations. This defect is likely to reduce the delivery rate of the MAX by approximately one-third, resulting in negative cash flow and a financial loss…
Aldi announces ambitious expansion with 500 new UK stores
Aldi, the discount supermarket chain, revealed its bold strategy to introduce 500 additional stores across the United Kingdom on Thursday. This announcement coincided with the grand opening of the company’s 1,000th store in the town of Woking, Surrey. The decision to expand Aldi’s footprint comes in response to surging demand for the store’s budget-friendly offerings….
Inceptive raises $100 million to revolutionize drug and vaccine design with AI
PALO ALTO: Inceptive, a pioneering startup dedicated to harnessing the power of artificial intelligence for the development of innovative drugs and vaccines, has successfully secured a substantial $100 million in funding. Co-founded by former Google AI researcher Jakob Uszkoreit, a trailblazer in Google’s generative AI efforts, Inceptive is headquartered in Palo Alto. The company’s mission…
British American Tobacco seals deal to divest its operations in Russia and Belarus
LONDON, UK: British American Tobacco (BAT) has sealed an agreement to divest its operations in Russia and Belarus, the company confirmed on Thursday. This move comes more than 18 months after the large-scale invasion of Ukraine prompted numerous Western firms to withdraw from Russia. BAT disclosed in a statement that it had formalized a sales…
UK to Rejoin EU’s Horizon Research Scheme and Copernicus Project
LONDON: In a significant development, the UK government has officially announced its reentry into the renowned EU science research initiative, Horizon. Effective immediately, scientists and research institutions based in the UK will once again be eligible to apply for funding from this flagship European scheme. Additionally, the UK will regain access to the Copernicus project,…
Smurfit Kappa and WestRock in talks over $20bn merger
The world’s largest and second-largest paper and packaging companies, Smurfit Kappa and WestRock, have confirmed they are in discussions over a merger worth $20bn. The deal would create a new holding company, Smurfit WestRock, listed on the New York Stock Exchange but based in Ireland, with global headquarters in Dublin and regional headquarters in Atlanta,…
SaaSGrid secures $3.3 million in seed funding led by Craft Ventures
San FRANCISCO: SaaSGrid, the cutting-edge data and analysis platform tailored for SaaS metrics, has triumphantly closed a significant seed funding round, raising an impressive $3.3 million to fuel its growth and innovation. The investment, which demonstrates the growing interest in SaaS-focused solutions, was spearheaded by Craft Ventures, a prominent venture capital firm headquartered in San…