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Geely to continue moving forward with methanol powered vehicles
Chairman of China’s multinational automotive company Geely (Zhejiang Geely Holding Group Co. Ltd.), Li Shufu, reportedly said that the firm will continue to work on methanol-powered vehicles even though this endeavor may fail. The company is among a few automakers developing vehic... Read More
Whatfix secures USD 90 million in SoftBank-led Series D funding round
SaaS-based solutions provider Whatfix has reportedly secured USD 90 million during a Series D funding round which was led by SoftBank Vision Fund 2. The digital adoption platform has now managed to raise a total sum of USD 139.8 million since its establishment in 2010. According to reliable sourc... Read More
Philips, Elekta extend partnership to provide precision oncology care
Multinational health technology company Koninklijke Philips N.V. and Swedish medical device company Elekta have reportedly signed agreements to strengthen their existing partnership to enhance personalized and comprehensive cancer care using precision oncology solutions. The extension of the join... Read More
Covetrus adds prescription process to its practice management software
Covetrus, a global firm dedicated to helping veterinary healthcare teams, has reportedly upgraded its practice management software to empower veterinary clinics to compete online and provide improved treatment. Streamlined prescribing is now available in the latest AVImark® and eVetPractice&r... Read More
Etsy announces $1.6 Bn Depop acquisition to expand Gen Z customer base
Etsy, an online marketplace has recently announced its intention to acquire UK-based fashion resale platform Depop, for $1.625 billion. This move is aimed at expanding its customer base to include Gen Z, who are the primary users of the Depop app, in order to buy and sell clothes. Depop’s two-... Read More
Urban Company bags USD 255 Mn in Series F funding, now worth USD 2.1 Bn
Indian home services marketplace Urban Company has reportedly secured USD 255 million in a Series F funding round which was led by Prosus Ventures, Wellington Management, and Dragoneer. The round also saw participation from Vy Capital, Steadview, and Tiger Global, valuing the company around USD 2.1 ... Read More
Atos acquires AI-powered video analytics software provider Ipsotek
French multinational information technology service and consulting company Atos has reportedly completed the acquisition of Ipsotek, a leader in AI-powered video analytics solutions. This acquisition will empower Atos to strategically fortify its prominent position in Edge AI and Computer Vision ... Read More
LG Electronics, Magna International gets EU approval for joint venture
LG Electronics intends to target the electric vehicle power train market by teaming up with Magna International. The joint venture will be officially launched in July and will be headquartered in Incheon, South Korea. The European Commission has approved the joint venture between South Kor... Read More
Nexturn Bio acquires 50% stake in drug developer RosVivo Therapeutics
Nexturn Bio Inc. has revealed to have acquired a 50% stake in drug developer RosVivo Therapeutics Inc. for around USD 5.5 million. The move will allow Nexturn Bio to boost its capabilities by co-jointly developing new medication pipelines using miRNA technology to target diabetes, gastrointestina... Read More
Engine Biosciences secures $43M for digital drug discovery expansion
Prominent biotech leader, Engine Biosciences, has reportedly closed $43 million in a funding round led by Polaris Partners, which also saw participation from newcomers, Invus, and a lengthy list of existing investors. The company, a Singaporean outfit, made this move in order to keep growing in the ... Read More