Indico Data raises $19M with Guidewire to deliver cutting-edge AI technology

BOSTON: Indico Data, the industry's leading solution for the automating of critical intake workflows across the policy lifecycle, announced completion of a successful funding round raising $19M with a strategic…

NNR June 6, 2024

Wire

TransDigm completes $1.385 billion acquisition of Electron Device Business

CLEVELAND: TransDigm Group Incorporated (NYSE: TDG) has completed its acquisition of the Electron Device Business of Communications & Power Industries (CPI), a portfolio company of TJC, L.P., for approximately $1.385…

NNR June 6, 2024

Wire

Dolby Laboratories agrees to acquire GE Licensing for $429 million

SAN FRANCISCO: Dolby Laboratories Inc. (NYSE: DLB) has entered into a definitive agreement to acquire GE Licensing, which owns, maintains, and licenses an extensive portfolio of IP primarily targeting the…

NNR June 6, 2024

Wire

Elevate raises $5 million to offer US based $ accounts in Pakistan

KARACHI: Elevate, a fintech, based in London and Dubai, has secured financing of $5 million to expand further into South Asia. They've raised a total of $10 million in equity…

NNR June 6, 2024

Wire

Invinity Energy Systems expands UK manufacturing to 500 MWh per year

LONDON: Invinity Energy Systems plc (AIM: IES), a leading global manufacturer of utility-grade energy storage, has leased an additional manufacturing facility in order to meet the growing demand for long-duration…

NNR June 3, 2024

Wire

OPEC+ Extends Oil Output Cuts Amid Market Challenges

On Sunday, OPEC+ made the decision to extend most of its deep oil output cuts well into 2025, surpassing market expectations. The group aims to stabilize the market amidst sluggish…

NNR June 2, 2024

Wire

Adcendo ApS raises €98M in Series A extension financing

COPENHAGEN, DENMARK: Biotech company Adcendo ApS has successfully completed a second Series A extension financing, securing a total of 98 million EUR. The additional 16 million EUR funding was led…

NNR May 29, 2024

Wire

AXON Aviation Group transfers business aircraft division to Jetcraft

LONDON: AXON Aviation Group (AXON) has selected Jetcraft to take on its business jet activity as it seeks to streamline its service offering. The company will transfer all business aircraft…

NNR May 27, 2024

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Caitlyn Carr becomes President and CEO of Coca-Cola Bottlers’ Sales & Services

ATLANTA: Coca-Cola Bottlers’ Sales & Services Company (CCBSS) announced the election of Caitlyn Carr as its new President and CEO, effective June 3, 2024. The decision was made by the…

NNR May 25, 2024

Wire

Tinicum L.P. buys controlling stake in Tulsa-based KGM

TULSA: Tinicum L.P., along with funds managed by Tinicum Incorporated, has taken a controlling interest in KGM, a Tulsa-based distributor of natural gas products. The acquisition, which sees management shareholders…

NNR May 25, 2024

Wire

The9 Limited secures $3.5 million investment from Fine Vision Fund

The9 Limited (Nasdaq: NCTY), a prominent Internet company, has announced a substantial investment from Fine Vision Fund, a venture of the globally recognized Finewill Capital. This strategic partnership underscores Fine…

NNR May 24, 2024

Wire

HoneyNaps secures a $11.6 million Series B investment

BOSTON: HoneyNaps, an industry-leading South Korean company in artificial intelligence (AI) sleep data analysis, has closed its series B round of funding, securing $11.6 million. The series B funding is…

NNR May 24, 2024