Managers
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.
The Series B round is dedicated to accelerating roadmap development and building a community of developers and partners around its PoplarÔ graph framework software, establishing Graphcore as the leader in the market for machine intelligence processors.
Nigel Toon, CEO at Graphcore, says: “Atomico has a genuinely deep understanding
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 dealerships (in Cixi and Ninghai), three authorisations for new Mercedes-Benz dealerships (in Yuyao, Fenghau and Cixi) and one existing Audi dealership (in Cixi) for a total of RMB920,800,000, and approximately HKD1,060,945,760. The deal will be funded by internally-generated cash and bank loans.
DCH, a majority-owned subsidiary of CITIC Limited,
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 restaurants with a variety of high-quality meats, including Black Angus beef and antibiotic-free Duroc Pork. The Company also exports its products across Europe, Latin America, and Asia.
“We’re proud of our success building Creekstone Farms into a leading international provider of top-grade meats,” says Marc Leder, Co-CEO of Sun
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 digital media services to the healthcare and pharmaceutical industry. It has expertise in 2D and 3D animation, Virtual and Augmented Reality production, interactive services and mobile application development.
As medical and pharmaceutical products become progressively more complicated, animations are needed more frequently to explain their function clearly and to
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 join the FinTech Studios board of directors.
FinTech Studios was founded in 2014 by Jim Tousignant, the Company’s CEO, who previously was co-founder and President of Multex, a leading online research and financial information platform that went public in 1999 and achieved a market cap of USD1.5 billion.
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 of chemicals, including acrylonitrile, melamine, sulphuric acid and other products to a diverse set of customers in high-growth end-markets. The Company operates a state of the art 800-acre chemical complex, optimally located in the U.S. Gulf Coast with full transportation and logistics capabilities, long-term onsite partners and significant infrastructure for
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 conditions and regulatory approvals.
Headquartered in Chicago, East Balt employs 2,200 workers who produce 13 million specialty bread products each day, including bagels, biscuits, buns, English muffins, tortillas and bread. Founded in 1955 as a single bakery with one delivery truck, East Balt now operates 21 bakeries in 11
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 and buy-side institutions in capital markets: exploring and unlocking value from constantly growing volumes and ever-increasing sources of financially relevant data. TickSmith powers the data distribution platform of CME Group, enabling the exchange to monetise its historical data. The National Bank of Canada is also amongst its global client base.
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 asset strategies and 68 were for private equity. These were far-and-away the most popular new commitments announced in Q2 2017.
By comparison, private debt strategies saw 29 new commitments from public pension plans in Q2, equity strategies saw 28 new commitments in the quarter and fixed-income, hedge-fund and multi-asset
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 grow at more than 100 per cent every year.
Receipt Bank has been revolutionising bookkeeping for small business since its launch in 2011. Working with the leading accountants and bookkeepers around the world, it was the first software company to automate the collection and data extraction of receipts and
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
