Silicon Valley Journals Adludio, the global AI-powered platform that delivers attention-led and data-driven mobile advertising, has received a £2 million investment from Mercia, following a £4 million investment in 2021. This new round of funding will allow Adludio to capitalize on its rapid growth in the United States by launching a new fully automated version of its platform. … Read more
Arizona Sonoran Copper Company Inc., an emerging US-based copper developer and near-term producer, is pleased to announce that it has closed a non-brokered private placement financing in respect of Nuton LLC Nuton exercising its pre-emptive rights under its Investor Rights Agreement as defined herein the Private Placement. According to the terms of the investor rights … Read more
EVgo Inc., one of the nation’s largest public fast charging networks for electric vehicles, announced today that it has been chosen for $6.6 million in proposed awards from the California Energy Commission’s California Electric Vehicle Infrastructure Project 2.0 program. The funding is intended to aid in the deployment of fast charging infrastructure in California’s central … Read more
Hyland, based in Westlake, California, confirmed to 3News that it is laying off approximately 1,000 employees, or 20% of its workforce. Hyland President and CEO Bill Priemer called the move the hardest change we’ve ever had to make in a letter to employees that was also posted on the company’s website. We are reorganizing our … Read more
Following mid-year performance reviews last week, Kirkland & Ellis laid off some of its associates across its US offices. According to four sources familiar with the situation, the Chicago-based law firm, which earned $6 billion in gross revenue in 2022, laid off an unknown number of associates. According to the sources, the layoffs occurred at … Read more
McDonald’s is closing its corporate offices in the United States from Monday to Wednesday as the company lay off hundreds of employees, according to a person familiar with the situation. The Wall Street Journal was the first to report the company’s office closings. In January, CEO Chris Kempczinski announced that the company would be cutting … Read more
President Biden will visit Cummins Inc. (NYSE: CMI) in Fridley, Minnesota on Monday, April 3 as part of his Administration’s Investing in America tour. President Biden will discuss how his Investing in America agenda is supporting manufacturing, innovation, and a clean energy economy, as well as creating good-paying jobs in communities like Fridley and across … Read more
Matador Resources Company announced today that, subject to market conditions, it plans to offer $400 million in senior unsecured notes due 2028 in a private placement to qualified buyers. The net proceeds of the offering will be used for general corporate purposes by Matador. The notes have not been registered under the Securities Act of … Read more
Kapitus, a leading provider of SME financing, announced today the completion of a $100 million asset-backed securitization and a $30 million investment-grade corporate note financing. Kapitus’ total debt facilities now stand at $540 million. Kroll Bond Rating Agency was the ABS facility’s rating firm, and Egan-Jones was the corporate note transaction’s rating firm. The financing … Read more
Push Security, a SaaS security company that simplifies security for modern IT and cybersecurity teams, has raised $15 million in Series A funding. GV The funding was led by Google Ventures, with participation from Decibel and notable angels such as Dug Song, co-founder and former CEO of Duo Security, and Tray.io co-founder and CEO Rich … Read more