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…
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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…
Irish tech companies secure record €963 million in capital investment in H1 2023
Irish technology firms have achieved a historic milestone, amassing a staggering €963 million in capital investments during the first half of this year, as revealed by a recent report. This impressive influx of funding, however, is primarily attributed to a quartet of companies that secured substantial deals, each exceeding €30 million during the June quarter….
Ripple expands its crypto empire with Fortress Trust acquisition
Cryptocurrency giant Ripple made headlines on Friday with the announcement of its acquisition of Fortress Trust, a crypto infrastructure startup based in Nevada. While the financial details of the deal were not disclosed, this strategic move provides Ripple with an entry into the Nevada market and diversifies its offerings beyond its primary focus on blockchain-enabled…
Big Table Group in talks to buy The Restaurant Group’s leisure business
LONDON, UK: Big Table Group, the owner of Cafe Rouge, is in talks to buy the Chiquito’s and Frankie and Benny’s chains from The Restaurant Group (TRG), according to a Sky News report. The report said that TRG, which also owns Wagamama and Brunning & Price, would pay a multimillion pound dowry to Big Table…
Electriq Power Expands Energy Storage in Puerto Rico and Washington D.C.
Electriq Power (NYSE: ELIQ), a provider of intelligent energy storage solutions, has announced an expansion of its collaborations with Barrio Eléctrico and SEDC Solar to bring energy storage to households in Puerto Rico and Washington D.C., respectively. Both Barrio Eléctrico and SEDC Solar focus on installing solar and energy storage systems with zero upfront costs…