BOULDER: Auddia Inc. (NASDAQ: AUUD), a developer of AI-driven audio technologies, announced Tuesday that Jeff Thramann has succeeded Michael Lawless as chief executive officer, mar,king a leadership transition as the company explores a potential restructuring into an AI-native holding company. Lawless, who led Auddia and its predecessor Clip Interactive for 13 years, is retiring. Thramann,…
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AirMDR secures $15.5 million seed funding to advance AI-driven cybersecurity platform
SAN FRANCISCO: AirMDR, a cybersecurity startup specializing in AI-native Managed Detection and Response (MDR), announced Wednesday it has raised $15.5 million in seed funding to accelerate product development and expand go-to-market efforts. The round was led by Race Capital, with continued support from Foundation Capital and Storm Ventures. The latest $10.5 million infusion builds on…
The Blockchain Group nears completion of US OTCID Market listing process
PUTEAUX: The Blockchain Group (ISIN: FR0011053636, ticker: ALTBG), listed on Euronext Growth Paris, announced Wednesday that it is in the final stages of its listing application on the US OTCID market, a segment of OTC Markets Group. The listing, expected to be finalized within two to four weeks pending regulatory procedures and internal OTCID approvals,…
Rent-A-Container acquires Eagle Leasing; Expanding portable storage footprint across Eastern U.S.
ANN ARBOR: Rent-A-Container (RAC), a portfolio company of Kinderhook Industries, LLC, has acquired The Eagle Leasing Company, a leading provider of portable storage containers, ground level offices (GLOs), semi-trailers, and mobile office solutions in the Northeast United States. Founded in 1967, Eagle Leasing has built a strong reputation for high-quality equipment and customer-first service across…
Elton Manufacturing acquires Decatur Plastic Products
NORTH VERNON: Elton Manufacturing, a leading North American supplier of weatherstripping and windows for garage and entry doors, has acquired the assets of Decatur Plastic Products (DPP), a well-established injection molding company based in North Vernon, Indiana. The move marks a significant milestone in Elton’s 44-year history, signaling the company’s strategic expansion into the U.S….
Astronics acquires Envoy Aerospace to enhance aircraft certification capabilities
EAST AURORA: Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for the aerospace and defense industries, announced the acquisition of Envoy Aerospace, a Federal Aviation Administration (FAA) Organization Designation Authorization (ODA) services provider, in a deal valued at approximately $8 million. The acquisition strengthens Astronics’ ability to secure FAA certifications for aircraft connectivity, in-seat…
Nidec acquires Chinese scroll compressor manufacturer Xecom
TOKYO: Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) has acquired full ownership of Changzhou Xecom Energy Technologies Co., Ltd., a privately held Chinese manufacturer of scroll compressors, through its subsidiary Nidec Appliance Controls (Qingdao) Co., Ltd. As a result of the transaction, Xecom has been renamed Nidec Scroll Technology (Changzhou) Co., Ltd. and is now…
Venture Global signs 20-year LNG supply deal with Petronas
HOUSTON: Venture Global, Inc. (NYSE: VG) has signed a 20-year Sales and Purchase Agreement (SPA) with PETRONAS LNG Ltd. (PLL), a subsidiary of Malaysia’s state-owned energy giant PETRONAS, the company announced Friday. Under the agreement, PETRONAS will purchase 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global’s third export facility,…
SkyDrive raises ¥8.3 billion in pre-series D round; Welcomes JR East and JR Kyushu as strategic partner
Japan’s eVTOL pioneer accelerates certification and development with new capital and expanded railway alliances TOKYO: SkyDrive Inc., a leading Japanese manufacturer of electric vertical takeoff and landing (eVTOL) aircraft, announced Friday it has raised ¥8.3 billion in Pre-Series D funding through a third-party allotment. The round was led by MUFG Bank, Ltd., with participation from…
HKW acquires Electric Equipment & Engineering Co. to expand engineered power solutions portfolio
DENVER: Middle-market private equity firm HKW has acquired Electric Equipment & Engineering Co. (EEE), a longtime manufacturer of engineered electrical power products serving the power, telecommunications and broadband industries. Founded in 1922 and based in Denver, EEE designs and manufactures customized AC and DC power distribution products, including switchgear, generator connection boxes, transfer switches and…
Shift4 acquires Global Blue, expanding global commerce reach
ZURICH: Shift4 Payments, Inc. (NYSE: FOUR), a leader in integrated payments and commerce technology, has successfully completed its acquisition of Global Blue Group Holding AG (NYSE: GB), a leading provider of tax-free shopping and dynamic currency conversion solutions. The deal, valued at $7.50 per share, solidifies Shift4’s position as a global unified commerce provider. The tender offer, which expired…
Olo Inc. to be acquired by Thoma Bravo in $2 billion all-cash deal
NEW YORK: Olo Inc. (NYSE: OLO), a leading open SaaS platform for restaurants, announced Friday it has entered into a definitive agreement to be acquired by software investment firm Thoma Bravo in an all-cash transaction valued at approximately $2.0 billion. Under the terms of the agreement, Olo shareholders will receive $10.25 per share in cash,…