Funding rounds, launches, acquisitions and market moves — summarised by our AI from
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Carv, a Santa Clara-based company, recently secured a $10 million Series A funding round led by Tribe Capital and IOSG Ventures, with participation from industry giants like Consensys, OKX Ventures, and more. The company, spearheaded by…
Churnkey, a Charleston-based subscription retention automation software provider, secures $1.5 million in growth equity funding from CreativeCo. Led by CEO Nick Fogle, Churnkey plans to hire key executives, expand market share, and drive…
Edonia, a plant-based foodtech startup, has secured a €2 million investment from Asterion Ventures to revolutionize the protein industry with sustainable meat alternatives. Using microalgae like spirulina and chlorella, Edonia's innovative…
Nestle India's Q1FY24 results are in, and they are nothing short of impressive. With a standalone net profit of Rs 934 crore, a 27% increase from the previous year, Nestle India is on a winning streak. The Out-of-Home business and…
The Indian stock market has been on a rollercoaster ride lately, with some stocks soaring to new heights while business activity surges to a 14-year high. Rekha Jhunjhunwala-owned stocks have seen a remarkable 100% increase since November…
In a strategic move, Nestle India and Dr. Reddy's have decided to team up and create a joint venture focused on nutraceutical brands. This collaboration aims to tap into the growing demand for health and wellness products in the Indian…
Nestle India's net profit surged by 27% in the March quarter, reaching ₹934.17 crore, driven by strong growth in product sales. The company also announced a joint venture with Dr. Reddy's Laboratories in the nutraceuticals sector…
In the world of grocery shopping, the battle between corporate giants and everyday consumers rages on. Sulma Arias, executive director of People's Action, sheds light on the rising costs of groceries and the role big corporations play in…
London-based recycling tech company, Sorted, has raised £1.65 million in Seed funding to tackle the global recycling crisis. Governments are pushing for more sustainable practices, but the waste industry is struggling to keep up. Sorted's…
Movement Labs, a San Francisco-based blockchain development team, has secured a whopping $38 million in Series A funding to bring Facebook's Move Virtual Machine to Ethereum. Led by Polychain Capital, this funding round includes big names…
NBCC, a leading state-owned construction company, has achieved a remarkable feat by securing work orders worth Rs 23,500 crore in the fiscal year 2023-24. This accomplishment highlights the company's resilience, expertise, and pivotal role…
Owlstone Medical, a UK-based company specializing in Breath Biopsy® for early disease detection, secured $6.5 million in funding. The funding includes a $5 million equity investment and a $1.5 million grant from the Bill & Melinda Gates…
Aker Horizons (OSE: AKH) is gearing up to unveil its first-quarter financial results on April 30, 2024, at 07:00 CEST. Brace yourself for an online presentation at 08:30 CEST on the same day. This isn't your average financial report; it's…
Salesforce, the business software giant, has walked away from negotiations to acquire data-management firm Informatica. The two companies couldn't see eye to eye on the terms of the deal, a source revealed to Reuters. This potential…
IBM CEO Arvind Krishna sees HashiCorp as a key player in managing today's complex infrastructure and applications. The deal, still pending shareholder and regulatory approval, is expected to boost IBM's cloud capabilities and expand its…
IBM's 2024 X-Force Threat Intelligence Index reveals a global identity crisis as cybercriminals exploit user identities to breach enterprises. In the Middle East and Africa (MEA), valid local and cloud accounts are the primary targets…
The clock is ticking - there is less and less time left until January 2025, with each passing day counting down. By the beginning of next year, critical information infrastructure (CII) objects in Russia must fully transition to domestic…
IBM's acquisition of HashiCorp for $6.4 billion marks a strategic shift towards hybrid cloud management, steering away from direct competition with cloud giants like Amazon, Microsoft, and Google. This move aligns with IBM's focus on…
Linux Foundation, along with Cloudera and Intel, is diving into the realm of generative AI tools for enterprises. The Open Platform for Enterprise AI (OPEA) project aims to foster the development of open, multi-provider, and modular…
IBM is on the brink of acquiring cloud software provider HashiCorp, a move that could reshape the tech landscape. HashiCorp's stock soared by 24%, reaching a market value of $6.1 billion, following reports of the impending deal. This…
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