Entreprenuernewsnetwork

Nayara Energy to invest INR 600 Cr to set up Ethanol manufacturing plants in India

Nayara Energy, a leading downstream Energy company of international scale, has announced a strategic investment of INR 600 crores setting up Ethanol plants taking a significant step towards integration within the energy sector. These plants would play a pivotal role in bolstering the company’s reliability in ethanol supplies and would be crucial for Nayara to … Read more

Aerospike Closes $109M in Growth Capital from Sumeru Equity Partners

Aerospike, Inc. (“Aerospike”) today announced the close of a $109M growth capital investment from Sumeru Equity Partners (“Sumeru”) with additional investment from existing investor Alsop Louie Partners. This latest investment signals a validation of the company’s product strength and business performance. The investment accelerates innovation and go-to-market capabilities for Aerospike’s core transaction, analytics, and AI … Read more

Expedia Group Announces Jochen Koedijk as Chief Marketing Officer and Brad Bentley as Chief Operations Officer

Expedia Group today announced that Jon Gieselman, president of Expedia Brands, will be leaving Expedia Group effective June 1 after three years leading Expedia’s consumer business and marketing division. Going forward, Brad Bentley will oversee the consumer business as Chief Operations Officer and Jochen Koedijk will lead marketing as Chief Marketing Officer, both reporting directly to incoming CEO Ariane Gorin. “In our journey of … Read more

Mohammed bin Rashid Al Maktoum Global Initiatives and Sobha Realty Join Forces for AED 400 Million Endowment University in Dubai

In a momentous occasion graced by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Vice Chairman of the Board of Trustees of Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), MBRGI and Sobha Realty have entered a charitable grant agreement for the establishment of an endowment university in … Read more

Waaree Energies, India’s Largest Solar Manufacturer to Build 3GW Solar Facility in Texas, Inks Multi-Year Offtake Deal

Waaree Energies, India’s largest solar PV module manufacturer and major supplier to the U.S., announced today it will establish its first U.S. manufacturing facility in the Houston areas. The facility, located in the town of Brookshire, will have the initial capacity to manufacture 3 gigawatts (GW) of solar modules annually by the end of 2024. … Read more

Konect.ai Secures $5.5M Seed Investment from Silverton Partners

Konect.ai, a pioneering SaaS company at the forefront of conversational AI technology for the automotive retail industry, is thrilled to announce a $5.5 million seed investment from Silverton Partners, a prominent venture capital firm based in Austin, Texas. This investment will fuel Konect.ai’s mission to transform the way auto dealerships and auto tech companies engage with their customers … Read more

Stoke Space Announces $100 Million in New Investment

Stoke Space, the rocket company building the world’s most efficient fully and rapidly reusable rocket, announced today $100 million in new Series B investment to drive continued growth and innovation. This investment more than doubles the company’s total funding, which now sits at $175 million. The company also announced the official name of its first rocket: Nova. The funding round was … Read more

Brillio Announces Investment by The Orogen Group

Brillio, a leading digital transformation services and solutions provider, today announced a significant milestone in its growth journey with the addition of The Orogen Group (“Orogen”) as a strategic investor. Financial terms of the private transaction were not disclosed. The investment brings with it Orogen’s extensive strategic and operational experience, as Brillio continues to expand its capabilities … Read more

Anthropic Secures $100M from SK Telecom to Build LLM for Telcos

Anthropic PBC, a pioneering artificial intelligence startup and public-benefit corporation headquartered in the United States, has secured a significant investment of $100 million from SK Telecom, South Korea’s largest telecommunications company. This noteworthy collaboration comes as a result of Anthropic’s previous engagement with SK Telecom Venture Capital (SKTVC), the venture capital arm of SK Telecom … Read more

Treehouse Secures $10M to Bring EV Chargers Into Homes

Treehouse, an electrification company that delivers turnkey installations for home EV charging, today announced $10M in funding. The round is led by Montage Ventures and Trucks Venture Capital, with participation from CarMax, Assurant Ventures, Acrew Capital, Gutter Capital, Detroit Venture Partners, Holman, and Automotive Ventures. The funds will be used to expand Treehouse’s Installation-as-a-Service offering to more … Read more

LightForce Orthodontics Secures $80 Million Series D Funding

LightForce Orthodontics, makers of the world’s first fully personalized 3D printed braces system, today announced it raised an $80 million Series D round led by Ally Bridge Group. Transformation Capital, and CareCapital. Omega Venture Partners, Matter Venture Partners, and the American Association of Orthodontics also participated in the round, as did existing LightForce investors, including Kleiner Perkins, Tyche Partners, and Matrix Partners. With the funding, LightForce will … Read more

Inworld AI Raises $500 Million in Funding to Accelerate Development of AI-Powered Virtual Characters

Inworld AI, the renowned Character Engine for games and interactive experiences, has successfully secured new funding from Lightspeed Venture Partners, propelling the company’s valuation to over $500 million. The funding round also saw participation from prestigious investors such as Stanford University, Samsung Next, Microsoft’s M12 fund, First Spark Ventures co-founded by Eric Schmidt, and LG … Read more

Glendower Capital Raises US$5.8 Billion

Glendower Capital, CVC’s secondaries platform, is pleased to announce the final close of its fifth global secondary private equity fund, Glendower Capital Secondary Opportunities Fund V (“SOF V”). Glendower has raised aggregate capital commitments of US$5.8 billion for the SOF V program to deploy in the secondary market. SOF V is the first fund closed … Read more

Partful’s £2.4M Funding Round to Fuel Development of AI-Powered Aftermarket Platform

Partful, a leading aftermarket technology specialist, has successfully raised £2.4M in funding to accelerate the development of its revolutionary 3D parts Software-as-a-Service (SaaS) platform. This platform is revolutionizing the approach to the global aftermarket, which is valued at $400BN. The funding round was led by Par Equity, with active participation from US-based Blumberg Capital. This … Read more

Protect AI Raises $35M in Series A Funding to Safeguard AI and ML Systems

Protect AI, a leading artificial intelligence (AI) and machine learning (ML) security company, has successfully closed a $35M Series A funding round. The funding was led by Evolution Equity Partners, with active participation from Salesforce Ventures and existing investors, including Acrew Capital, boldstart ventures, Knollwood Capital, and Pelion Ventures. To date, Protect AI has raised … Read more

Industry Veterans Launch InsurTech Modives, Close $3M Seed Round

Combining decades of accumulated experience in the insurance space, five industry vets today announced the formation of Modives—a new venture delivering automation to alleviate a painful and time-consuming process for property managers and auto dealers: insurance verification. “One of the pain points for both selling cars and renting properties is that verifying insurance takes too … Read more