Silicon Valley Journals

Virgin Voyages Raises $550 Million Led by Ares Management for Expansion

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Image: Virgin Voyages

Virgin Voyages, the award-winning cruise brand from Richard Branson’s Virgin Group, has successfully concluded a $550 million funding round to accelerate its growth initiatives. The round was led by funds managed by the Private Equity Group of Ares Management, a renowned global alternative investment manager. It also featured additional investment from existing backers, including Virgin … Read more

Tradeteq Secures $12.5 Million in A Plus Funding Round Led by MS&AD Ventures

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Tradeteq Secures .5 Million in A Plus Funding Round Led by MS&AD Ventures

Tradeteq, a pioneering technology provider for securitization-as-a-service and bank asset distribution, has successfully raised $12.5 million in its A Plus funding round. The round was led by US-based MS&AD Ventures and saw significant investment from venture capital firm Interlock Partners, with industry veteran Victor Ganzi also contributing. This funding will play a crucial role as … Read more

Tenable to Acquire Cloud Security Startup Ermetic for $240 Million

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Tenable, a network security management company, has announced its plans to acquire Ermetic Ltd., an Israeli cloud security startup, for approximately $240 million in cash and $25 million in restricted stock, subject to price adjustments. This strategic acquisition will strengthen Tenable’s capabilities in cloud security and entitlement management. Ermetic, founded in 2019, has emerged as … Read more

Tribe Tech Completes £4.6 Million IPO on London Stock Exchange’s AIM

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Tribe Tech, an autonomous mining equipment manufacturer, has successfully completed an Initial Public Offering (IPO) on the Alternative Investment Market (AIM) of the London Stock Exchange. The company, trading under the ticker “TRYB,” raised £4.59 million in gross proceeds during the IPO and achieved a market capitalization of £22.2 million. Founded in 2019, Tribe Tech … Read more

CSL Vifor lays off 85 in US commercial group in wake of $11.7B buyout

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CSL Vifor, a subsidiary of Australian biotech giant CSL, is undergoing significant workforce changes in the wake of its $11.7 billion acquisition of Vifor Pharma last year. The company is set to lay off 85 employees based in California, according to a California Worker Adjustment and Retraining Notification. CSL Vifor, previously known as Vifor Pharma, … Read more

Logility Acquires AI Forecasting Pioneer Garvis: Revolutionizing Supply Chain Planning

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Logility, a prominent player in prescriptive supply chain planning solutions, has inked a definitive agreement to acquire Garvis, a forward-looking SaaS startup renowned for its innovative combination of large language models like ChatGPT with AI-native demand forecasting. This strategic move will usher in a new era of supply chain planning with DemandAI+. This cutting-edge approach … Read more