In a strategic move to bolster its presence in the North American transportation sector, RXO (NYSE: RXO) has announced its definitive agreement to acquire Coyote Logistics from UPS for $1.025 billion in cash. This acquisition is set to propel RXO to the forefront as the third-largest provider of brokered transportation in the region, significantly enhancing…
Trestle, the pioneering platform for subcontractor and supplier data centralization and performance management in the construction industry, has successfully secured $2.3 million in pre-seed funding. The round was led by Lerer Hippeau, with participation from MetaProp, Laconia Capital, Alumni Ventures, The LegalTech Fund, Redbud VC, and Meridian Ventures. Trestle, founded in 2022, is designed to…
InventWood, a leader in transforming undervalued wood into cutting-edge climate-resilient Superwood products, has announced the successful closure of an $8 million funding round. This investment, which includes participation from Grantham Foundation, Builders Vision, Echelon, and prominent clean technology entrepreneur John Rockwell, brings InventWood’s total funding to over $77 million. Concurrently, the company has appointed Dr….
Alosant, a trailblazer in customer experience technology for master-planned communities, proudly announces the completion of its Series A funding round, spearheaded by Greg Avis, co-founder and former Managing Director of Summit Partners. This pivotal development, combined with strategic leadership appointments, positions Alosant for significant growth and innovation in the proptech sector. Greg Avis, now Managing…
CTERA, a pioneer in hybrid cloud data management, has announced a significant milestone with the closing of an $80 million funding round led by PSG Equity, a prominent growth equity firm specializing in software and technology-enabled services. This investment, comprising both primary and secondary funding, underscores CTERA’s strategic focus on enhancing its hybrid cloud data…
AlphaSense, the renowned market intelligence platform leveraging AI, has finalized its acquisition of Tegus, a prominent provider of expert research and financial data solutions. The acquisition, valued at $930 million, marks a significant milestone for AlphaSense, further bolstered by a newly closed $650 million funding round co-led by Viking Global Investors and BDT & MSD…
In a move set to shape the next chapter of commercial spaceflight, Phantom Space Corporation has appointed veteran aerospace engineer and co-founder Chris Thompson as its new President, while he retains his role as Chief Technology Officer (CTO). The strategic leadership shift signals Phantom’s growing momentum in developing scalable, reliable, and cost-effective solutions in launch…
In a move that could reshape how tokens are launched and distributed across crypto ecosystems, Printr has officially launched with a fresh $4.5 million in total funding. The company, which describes itself as the first “chain-abstracted” launchpad, aims to enable memecoin and token creators to launch across multiple blockchains at once — solving one of…
In a significant advancement for the realm of contract management, Formality, a Paris-based platform specializing in intelligent contract management for clients and suppliers, has announced the successful raising of €8 million in its initial funding round. This round was spearheaded by prominent venture capital firms Partech and Serena, alongside an investment of €2.4 million from…
Cambridge-based Wave Photonics has achieved a significant milestone in its journey to revolutionize deeptech with a £4.5M (€5.32M) seed funding round. Spearheaded by UK Innovation & Science Seed Fund and Cambridge Enterprise Ventures, this funding will drive the development of cutting-edge on-chip photonics designs aimed at quantum technologies, sensors, and data centers. Dr. Christine Martin,…
