CAMBRIDGE: clock.bio, a healthspan biotech, raised $5.3 million in seed funding led by LocalGlobe, with participation from BlueYard Capital, Onsight Ventures, and Dr. Jonathan Milner, the Founder of Abcam. The company has made significant progress in decoding the biology of human rejuvenation, identifying more than 100 genes that jointly constitute an “Atlas of Rejuvenation Factors.” While all…
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New Adobe app to help creators protect their work from AI use
Adobe announced on Tuesday that it will launch a free web-based app next year to help creators of images and videos receive credit for their work used in AI systems. Since 2019, Adobe and other tech companies have been developing “Content Credentials,” a digital stamp for photos and videos that indicates their origin and creation…
Fintech company Facet raises $35 million in a round led by Multiplier Capital
BALTIMORE: Facet, the fintech company that is building the future of financial planning, has raised an additional $35 million in new financing. The round was led by Multiplier Capital, a leading provider of flexible financing solutions. Recently named to the Inc. 5000 list of America’s fastest-growing private companies for a second time, Facet is redefining financial…
CrashPlan has acquired Parablu Inc.
MINNEAPOLIS: CrashPlan has acquired Parablu Inc. a leading provider of data security and resiliency solutions known for its market-leading offerings protecting Microsoft 365 data. The acquisition positions CrashPlan to deliver the industry’s most comprehensive backup and recovery capabilities for data stored on servers, on endpoint devices and in Exchange, OneDrive, SharePoint, and Teams to Azure, their cloud,…
Former Humane executives launch AI fact-checking startup, Infactory
Two former executives of Humane, the AI hardware startup, have launched a new artificial intelligence software venture called Infactory, which has successfully raised $4 million at a $25 million valuation. Brooke Hartley Moy, previously Humane’s strategic partnerships lead, and Ken Kocienda, former head of product engineering, are the co-founders of this new enterprise. Infactory aims…
QAD Inc. has acquired Phenix Software
SANTA BARBARA: QAD Inc., a prominent provider of cloud-based manufacturing and supply chain solutions, has acquired Phenix Software Inc. This acquisition aims to enhance manufacturers’ productivity and factory performance. The newly named QAD Advanced Scheduling solution optimizes production by determining the best sequence for product manufacturing on each line, minimizing changeovers, optimizing inventory, and aligning…
Butterfly Equity to acquire luxury wine company The Duckhorn Portfolio for $1.95 billion
LOS ANGELES: Butterfly Equity, a Los Angeles-based private equity firm specializing in the food and beverage sector, has entered into a definitive agreement to acquire The Duckhorn Portfolio (NYSE: NAPA), North America’s premier luxury wine company, an all-cash transaction that values the company at approximately $1.95 billion. Under the terms of the Agreement, Duckhorn stockholders will…
Mason Capital to acquire CB&I storage solutions business from McDermott International
NEW YORK: A consortium led by Mason Capital Management LLC in partnership with IES Holdings Inc. (Nasdaq: IESC), and other investors, has entered into a definitive agreement to acquire the CB&I storage solutions business, the world’s foremost designer and builder of storage facilities, tanks and terminals for energy and industrial markets, from McDermott International. CB&I…
Vestis to sell 39% equity stake in Aramark Uniform Services Japan to Mitsui & Co.
Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced an agreement to sell its 39% equity stake in Aramark Uniform Services Japan Corporation (AUSJ) to majority owner Mitsui & Co., Ltd. for approximately $37 million. The company will use the proceeds from the transaction toward debt repayment. AUSJ, a uniform rental…
Coleville Partners has acquired The Powderhorn Agency from Accretive Insurance Solutions
NEW YORK: Coleville Partners has acquired The Powderhorn Agency from Accretive Insurance Solutions and appointed Nick Alexander as President. Powderhorn, based in Brookfield, Connecticut, specializes in residential warranty and protection programs for oil tanks and septic systems, with over 25 years of experience. Nick Alexander, a seasoned executive in the home warranty industry, brings extensive…
Manfred Knof is leaving Commerzbank AG on September 30
LONDON: The acting CEO of Commerzbank AG, Manfred Knof, will leave the Bank on 30 September 2024. The 59‑year‑old and the Supervisory Board have agreed on this. On Tuesday, it had rearranged the responsibilities at the Group’s top management and appointed Bettina Orlopp (54) as the future CEO and thus as successor to Knof. At…
Nmbr, Canada’s payroll software provider, announces CAD $7.6 million in seed funding
TORONTO: Nmbr, Canada’s first dedicated embedded payroll software provider, announced CAD $7.6 million in seed funding to elevate the payroll ecosystem for businesses nationwide. Nmbr offers companies the ability to embed Canadian payroll within their product in days or weeks, as opposed to the years of development for payroll products of the past. In doing…