LOS ANGELES: SpyGlass Pharma has closed a $75 million Series D financing round to advance its ophthalmic Drug Delivery Platform, the company announced Monday. The round was led by Sands Capital, with participation from Gilde Healthcare and existing investors, including New Enterprise Associates, RA Capital, Vensana Capital, Samsara BioCapital and Vertex Ventures HC. The funding…
Category: Wire
News wire, ,nyse exchange, market newspaper, equities market news, financial news,
BioNTech and Bristol Myers Squibb partner to develop cancer treatment
FRANKFURT: BioNTech SE (NASDAQ: BNTX) and Bristol Myers Squibb (NYSE: BMY) announced Monday a global collaboration to co-develop and co-commercialize BioNTech’s experimental bispecific antibody, BNT327, for treating solid tumors. The partnership aims to accelerate the development of BNT327, which targets PD-L1 and VEGF-A, two key pathways in cancer progression. The antibody is currently being tested in multiple global Phase…
Corporación América Airports acquires full ownership of Corporación América Italia
BUENOS AIRES: Corporación América Airports S.A. (NYSE: CAAP), one of the world’s largest private airport operators, announced Thursday it has acquired the remaining 25% stake in its Italian subsidiary, Corporación América Italia S.p.A. (CAI), from the Investment Corporation of Dubai (ICD). The transaction, completed through a share swap agreement, gives CAAP full ownership of CAI, which holds a 62.28%…
Sagtec to acquire Smart Bridge in $17.6 million deal, expanding AI capabilities
HONG KONG: Sagtec Global Limited (NASDAQ: SAGT), a leading provider of customizable software solutions, announced Thursday it has signed a term sheet to acquire Smart Bridge Technology Limited, a fast-growing agentic AI software company, for approximately $17.6 million. The proposed deal, priced at roughly 10 times Smart Bridge’s price-to-earnings ratio, is pending a definitive agreement…
JDC Power Systems appoints John Raio as CEO
CONCORD: JDC Power Systems, a leading electrical systems integrator for the data center market, announced Thursday the appointment of John Raio as CEO, effective immediately. Raio brings over 25 years of leadership experience in critical infrastructure, most recently serving as CEO and founding member of Quality Uptime Services, where he expanded the company into a national…
Audi, Indra, Qualcomm launch toll payment project to ease congestion
SUNTRX TEST FACILITY: Indra, Audi of America and Qualcomm Technologies, Inc. are collaborating on a joint project to develop next-generation toll payments using cellular vehicle-to-everything (C-V2X) technology. According to a statement, The initiative aims to reduce congestion, standardize payments nationwide and improve the driver experience. The system, based on the global SAE J3217 C-V2X standard, allows…
Xiaomi unveils Tesla Model Y competitor YU7 in Beijing showrooms
Xiaomi introduced its latest electric SUV in Beijing on Thursday, marking another step in the smartphone maker’s ambitious push into China’s competitive auto market. The YU7, positioned as a rival to Tesla’s popular Model Y, is now on display at 13 Xiaomi retail locations across the capital, with pre-orders set to begin in July. The launch follows the…
MariaDB acquires Codership Oy the developer of Galera Cluster
HELSINKI: MariaDB plc announced Tuesday the acquisition of Finland-based Codership Oy, the developer of Galera Cluster, a high availability database solution known for ensuring uptime, preventing data loss and scaling with database growth. As part of the deal, Codership’s core team, including its founders, will join MariaDB, expanding the company’s European engineering and technical support operations. Galera…
Personal finance startup Monarch raises $75 million
SAN FRANCISCO: Monarch, a personal finance startup, has secured $75 million in funding to fuel its rapid subscriber growth following the shutdown of budgeting tool Mint last year. According to reports, The Series B round, led by Forerunner Ventures and FPV Ventures, values Monarch at $850 million, co-founder Val Agostino said. The company, founded in 2018,…
Salesforce to acquire Informatica in $8 billion deal to boost AI efforts
SAN FRANCISCO: Salesforce announced Tuesday it is buying cloud data management firm Informatica in an $8 billion deal as the enterprise software giant expands its push into artificial intelligence. The acquisition will integrate Informatica’s data catalog, integration and governance services with Salesforce’s AI platform, Agentforce, the company said. “Truly autonomous, trustworthy AI agents need the most comprehensive…
Mayville Engineering Company to acquire Accu-Fab for $140.5 million
Mayville Engineering Company (NYSE: MEC), a leading provider of design and manufacturing solutions, announced Monday it has reached a definitive agreement to acquire Accu-Fab, LLC, a contract metal fabricator, from Tide Rock Holdings for $140.5 million. The deal, expected to close in the third quarter of 2025, is subject to customary closing conditions. Accu-Fab specializes…
Circus SE acquires AI firm FullyAI to build unified nutrition intelligence layer
FRANKFURT: Circus SE (XETRA: CA1), a global leader in AI robotics for the food service industry, announced Wednesday the successful acquisition of agentic AI company FullyAI, a major step in its mission to create a unified intelligence layer across its robotics and software systems. FullyAI will serve as the cognitive engine for Circus’ ecosystem, beginning…