M2X Energy Inc. has achieved a significant milestone with the successful closure of a $40 million Series B financing round, led by Conifer Infrastructure Partners (“Conifer”). This round also saw enthusiastic participation from existing Series A investors including Breakthrough Energy Ventures (“BEV”), Eni Next, Add Ventures by SCG, and Autodesk Foundation, underscoring strong confidence in…
Zapp Electric Vehicles Group Limited (Nasdaq: ZAPP), the pioneering force behind the British electric vehicle brand Zapp, has announced a substantial enhancement in its financial backing to propel the global deployment of its innovative i300 electric urban motorcycle. Under a new standby equity purchase agreement (New SEPA) with an affiliate of Yorkville Advisors Global, LP,…
West Monroe Partners, a prominent global business and technology consulting firm, has named Chuck Kirchner as the new leader of its Chicago office, effective July 1st. Kirchner, currently a Senior Partner in the firm’s Technology & Experience practice, brings over three decades of strategic technology consulting experience to this pivotal role. In his new capacity,…
Gendo, a pioneering generative AI platform tailored for architects, has secured $1.1 million in funding and unveiled its innovative technology to the world. Founded by architectural designer George Proud and software engineer Will Jones, Gendo emerges from stealth mode with a mission to transform architectural design processes through AI-driven visualizations. Traditional methods of creating architectural…
PhoreMost, the cutting-edge UK biopharmaceutical enterprise specializing in innovative drug development, has successfully closed an impressive £33 million Series B funding round. This latest round, which saw significant oversubscription, underscores the growing confidence in PhoreMost’s pioneering approach to addressing previously untargetable disease mechanisms. Central to PhoreMost’s strategy is their revolutionary SITESEEKER platform. This technology excels…
Axcelis Technologies, Inc. (Nasdaq: ACLS) has announced the appointment of David Ryzhik as its new Senior Vice President of Investor Relations and Corporate Strategy, effective July 2024. Mr. Ryzhik brings over two decades of extensive experience in investor relations and financial management across various sectors. Most recently serving as Vice President of Investor Relations at…
In a significant development poised to reshape the landscape of warehouse automation, VersaTile Automation has secured £8 million in seed investment from Tharsus Group. Led by a team renowned for pioneering automation solutions across industries, including Rolls Royce and Ocado, VersaTile is set to revolutionize UK warehouses with its innovative modular automation system. VersaTile’s groundbreaking…
Create Wellness, Inc., a trailblazer in the health and wellness sector, has successfully raised $5 million in Series A funding, spearheaded by Unilever Ventures. This latest investment boosts Create Wellness’ total funding to $7.3 million. The funds will be instrumental in advancing the company’s mission to broaden access to its pioneering creatine-based products. Founded by…
Formic, a trailblazer in Robotics-as-a-Service (RaaS) for American manufacturers, has announced a substantial boost with a $27.4 million infusion in Series A funding, led by Blackhorn Ventures. This latest round, which brings Formic’s total Series A funding to over $52 million since January 2022, marks a pivotal moment in the company’s mission to revolutionize automation…
Brussels-based Soda has announced a significant milestone with the securing of €12.9 million in fresh funding, aimed at accelerating its expansion into the North American market and advancing its AI-powered data quality solutions. Led by key investors including Singular and Point Nine, this latest investment round underscores Soda’s pivotal role in revolutionizing data quality through…
