Machine intelligence company, Graphcore, has secured USD30 million in a Series B funding round led by Atomico. The new funding comes as the company prepares to ship its first Intelligence Processing Unit (IPU) hardware to customers later this year, with scale-up production for enterprise datacentres and cloud environments in 2018.
Dah Chong Hong Holdings Limited (DCH) is to acquire 80 per cent of Zhejiang Ciji, 100 per cent of Yuyao Ciji, 100 per cent of Ciji Xinghang and 80 per cent of Cixi Chiao. These are acquisitions of luxury brand dealerships in the Zhejiang province and include two existing Mercedes-Benz
An affiliate of Sun Capital Partners has completed the sale of Creekstone Farms Premium Beef, a supplier of USDA-certified beef and pork products. Terms of the private transaction have not been disclosed. The choice of food lovers across the world, Creekstone Farms supplies many of the nation’s top grocers and
Mid-market private equity firm Graphite Capital has acquired Random42, one of the largest global medical animation producers, from Vespa Capital. Medical animation provides a graphic representation of disease mechanisms and the ways in which medical and pharmaceutical products interact with the human body. Random42 provides high-quality medical animation and
FinTech Studios, a cloud platform of AI-based financial information, FinTech apps and big-data analytic products operated in partnership with top FinTech startups, financial institutions, data providers and strategic partners, has raised USD1 million in Series Seed funding, led by KEC Ventures. Jeff Parkinson, Managing Partner of KEC Ventures, will
Littlejohn & Co is to acquire Cornerstone Chemical Company, a global manufacturer of key intermediate chemicals for high-value industrial and consumer applications, from an affiliate of HIG Capital. Terms of the transaction have not been disclosed. Headquartered in Waggaman, LA, with a 65-year heritage, Cornerstone is a producer of a wide-range
Middle-market private equity firm One Equity Partners is to sell East Balt Bakeries (East Balt), a global supplier of premium buns and artisanal rolls to major restaurant chains, to Grupo Bimbo for USD650 million. The transaction is expected to close in the second half of 2017, subject to customary closing
TickSmith, a specialist in big data applications for capital markets, has announced a strategic investment of CAD2 million from Illuminate Financial Management, a venture capital firm with a specific focus on capital markets financial technology, to further commercialise its flagship product, TickVault. TickSmith addresses a growing need of exchanges, banks
With Q2 closed out, new data shows public pension plans in the United States are increasingly favouring exposure to real assets and private equity strategies. Of new investment commitments announced by US public pension plans in Q2 2017 and tracked by eVestment’s Public Plan IQ solution, 85 were for real
Receipt Bank, a bookkeeping automation platform, has raised USD50 million in Series B funding from Insight Venture Partners. The investment will be used to accelerate the growth of the company and to further develop its products. The group passed USD10 million ARR (Annual Recurring Revenue) in 2016 and continues to
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