HOUSTON – CoLab, a provider of artificial intelligence software for engineering teams, said on Tuesday it raised $72 million in a Series C funding round led by Intrepid Growth Partners, as demand surges for AI that can capture expert knowledge and accelerate complex design decisions. The funding round affirms CoLab’s position in the competitive field of…
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GovHost acquires True North Software to expand cloud-based public safety platform
COLUMBIA — GovHost, a U.S.-based provider of public safety software, said on Tuesday it has acquired True North Software LLC, an Illinois firm specializing in cloud-native Computer-Aided Dispatch (CAD) and Records Management System (RMS) solutions for small and mid-sized law enforcement agencies. The deal marks a strategic expansion for GovHost, which aims to unify CAD,…
BigBear.ai to acquire Ask Sage, posts q3 profit despite revenue decline
NEW YORK – BigBear.ai Holdings, Inc. (NYSE: BBAI), a provider of AI-powered decision intelligence solutions, said on Tuesday it has signed a definitive agreement to acquire Ask Sage, a generative AI platform tailored for defense and national security applications. The acquisition, expected to close in late Q4 2025 or early Q1 2026, marks a strategic…
Australia’s Megaport to acquire compute firm Latitude.sh
BRISBANE – Australian cloud networking firm Megaport Limited (MP1.AX) said on Monday it has agreed to acquire compute provider Latitude.sh, a move aimed at creating a combined platform to tap into growing demand for artificial intelligence (AI) and hybrid cloud services. The acquisition, which is expected to close by Dec. 31, 2025, will merge Megaport’s…
Raytheon, Avio partner to build new US solid rocket motor facility
ARLINGTON – Raytheon, an RTX business, and Avio USA have signed an agreement to establish a new, state-of-the-art solid rocket motor production facility in the United States, the companies announced Tuesday. The memorandum of understanding aims to make Avio a vertically integrated merchant supplier, serving Raytheon and other customers. Under the agreement, Raytheon will have…
Legislative breakthrough in Senate amid travel chaos and legal battles over food aid
WASHINGTON – The nation’s longest-ever government shutdown entered a critical new phase Monday as House Speaker Mike Johnson (R-La.) summoned representatives back to the Capitol to vote on a Senate-forged deal to reopen the government. The move signals a potential end to the 41-day crisis, even as its cascading effects—from snarled air travel to legal fights…
AI startup Majestic Labs raises $100 million to challenge data center inefficiency
LOS ALTOS — Majestic Labs, an AI startup founded by veteran chip designers from Meta and Google, emerged from stealth mode Tuesday after raising $100 million to develop technology it claims will drastically reduce the cost and scale of data centers needed for advanced artificial intelligence. The company, with dual headquarters in Los Altos, California,…
Paystand acquires Bitwage to embed stablecoins into $100-trillion B2B economy
SANTA CRUZ – Paystand, a blockchain-based B2B payments network, said on Tuesday it has acquired Bitwage, a platform for cross-border payroll and payouts using stablecoins, aiming to bring faster, cheaper digital currency settlement to corporate finance. The deal, terms of which were not disclosed, comes as stablecoins—digital tokens pegged to assets like the U.S. dollar—gain traction…
Stewart to acquire Mortgage Contracting Services’ business for $330 million
HOUSTON – Stewart Information Services Corp (STC.N) said on Tuesday its subsidiary, SISCO Holdings, LLC, has agreed to acquire the mortgage services division of Mortgage Contracting Services (MCS) for $330 million in cash. The deal will allow Stewart, a title insurance and real estate services company, to expand its offerings to mortgage lenders and servicers by…
Archer Aviation acquires Hawthorne Airport for LA air taxi network
LOS ANGELES — Archer Aviation Inc. (NYSE: ACHR) on Thursday reported third-quarter results and unveiled a series of strategic moves aimed at accelerating its advanced air mobility ambitions, including the acquisition of Hawthorne Airport for LA air taxi network and a $650 million equity raise. CEO Adam Goldstein said the company is “not waiting for…
Universal Display Corporation to acquire OLED patent portfolio from Merck KGaA
EWING — Universal Display Corporation (Nasdaq: OLED) announced Thursday that it has entered into a definitive agreement to acquire a portfolio of OLED patent assets from Merck KGaA, Darmstadt, Germany, in a move aimed at expanding its intellectual property footprint in high-efficiency emissive device structures. The portfolio includes more than 300 issued and pending patents…
Metro Communications agrees to acquire Southern Illinois assets of Clearwave Fiber
SULLIVAN – MCC Network Services LLC (Metro Communications), a leading regional provider of fiber optic network, announced a definitive agreement to acquire the Southern Illinois assets of Clearwave Fiber, LLC. The deal includes Clearwave’s Southern Illinois fiber network and related backhaul agreements from CableOne, Inc. Constructed over 15 years, Clearwave’s network supports backhaul, public safety,…