Silicon Valley Journals NewMark Merrill, a retail center owner and developer based in Calabasas, CA, has purchased the Corbin & Parthenia shopping center in Northridge, CA. The shopping center is the eighth that NewMark Merrill owns or administers in the San Fernando and Conejo Valleys. The transaction’s terms were not disclosed. The company intends to improve the facility … Read more
Capitola a commercial insurance digital platform that connects brokers and carriers and employs AI-based risk appetite matching to expedite the placement process, said today that it has raised $15.6 million in its Series A funding round. This investment, led by Munich Re Ventures, will be used to expand Capitola’s platform, with a focus on its … Read more
SoundHound AI has received $100 million in strategic funding. SoundHound AI Inc. SoundHound AI, a global pioneer in voice artificial intelligence, today announced the conclusion of a new $125 million credit facility from Atlas Credit Partners, with $100 million fully-funded at closing. This strategic transaction completes the Company’s objectives outlined at the start of the … Read more
In the first quarter of 2023, Mercom Capital Group, a worldwide clean energy communications and consulting organization, released its report on funding and merger and acquisition activities in the global solar sector.Total corporate investing into the solar business (including venture capital, public market, and debt financing) totaled $8.4 billion in 42 deals in Q1 2023, … Read more
Toku Inc., a pioneer in the use of artificial intelligence-powered diagnostic and screening tools in retinal imaging, announced today the completion of its $8 million Series A Preferred fundraising round. National Vision, Inc. one of the top optical retailers in the United States, and Topcon Healthcare, a leading provider of medical devices and software solutions … Read more
Hundreds of Best Buy employees are laid off. The Wall Street Journal reported on Friday that Best Buy Co Inc is reducing store positions across the United States as the electronics retailer aims to cut expenses and shift its operations more toward e-commerce. According to the article, the layoff would effect hundreds of employment throughout … Read more
Merck announced the purchase of California-based biotech business Prometheus Biosciences for about $11 billion on Sunday. Merck and Prometheus “have entered into a definitive agreement under which Merck, through a subsidiary, has agreed to acquire Prometheus for $200.00 per share in cash for a total equity value of approximately $10.8 billion,” according to a statement … Read more
Zeus Scooters, a mobility firm based in Carlow, Ireland, has purchased Zipp Mobility, a shared e-scooter and e-bike service provider based in Dublin, Ireland, for an unknown sum. The acquisition will allow Zeus to further expand its presence in the Irish and UK markets, and it follows the acquisition of UK-based scooter-sharing provider Zwings last … Read more
Mews, a leader in hospitality technology and cloud-based property management systems (PMS) based in Prague, Czech Republic, has acquired Hotello, a cloud property management system (PMS) for hotel properties situated in Montreal, Canada. The value of the transaction was not disclosed. The acquisition, led by Mews Ventures*, the company’s venture and investment arm, boosts Mews’ … Read more
ComEd’s report profiles several diverse-owned business partners, including Intren LLC. The Illinois-based contractor supports many ComEd initiatives, including the interconnection of community solar projects, which are expected to double in northern Illinois to more than 150 by the end of this year. Once the largest woman-owned utility specialty contractor in the nation, Intren was acquired … Read more