SAN FRANCISCO: Ripple, the leading provider of digital asset infrastructure, announced the launch of new features and functionality to Ripple Custody, bringing the benefits of its market-leading bank-grade custody technology to fintechs and crypto businesses. The latest update includes a…
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,…
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…
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….
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…
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…
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…
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…
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…
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…
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…
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…