Stripe funding round : US online payments company Stripe has raised $250 million in new funding round, creating a fintech company with an enterprise value of $35 billion, as per the latest fintech industry news. The US online payments company, which was founded in 2011, will use the proceeds to expand its global presence, increase […]
The Aga Khan University (AKU), an international institution, will deploy US-based Meditech’s Expanse enterprise health record system (Expanse EHR system) for better patient outcomes and medical research in the developing world. The Expanse EHR system will initially be launched at the university’s academic medical center and clinics in Nairobi and across Kenya in 2020 followed […]
Fortress Development, a US real estate developer, has broken ground on $1-plus billion worth Avenue Bellevue project in Bellevue, Washington involving the development of luxury residential, hotel, and retail spaces. Avenue Bellevue located on the corner of NE 8th Street and Bellevue Way will include two residential towers – the South Tower Estate Homes and the West […]
Energy company SEAS-NVE has entered into an agreement with Denmark-based Ørsted to acquire the latter’s domestic power distribution (Radius), residential customer and City Light businesses for a cash consideration of DKK21.3 billion (US$3.2bn). The proceeds from divestiture of businesses will help Ørsted to continue its global investments in green energy. Radius with around one million […]
The United Kingdom Atomic Energy Authority (UKAEA) will open a new fusion energy research facility in Rotherham, Yorkshire, to commercialize nuclear fusion as one of the important sources of low-carbon electricity in the future. The £22 million fusion energy research hub will be located at the UK’s advanced manufacturing region and will engage industrial partners […]
Energy Transfer acquisition of SemGroup : US midstream energy company Energy Transfer has agreed to acquire SemGroup for a total consideration of approximately $5.1 billion, including the assumption of debt and other liabilities. SemGroup, which is headquartered in Tulsa, Oklahoma, operates a network of pipelines, processing plants, refinery-connected storage facilities and deep-water marine terminals across […]
Vivint Smart Home, a Blackstone Group-backed US smart home services provider, has agreed to merge with a subsidiary of Mosaic Acquisition, to create a home automation company worth $5.6 billion. Mosaic Acquisition is a special purpose acquisition company of Japanese investment firm SoftBank Group. Founded in 1999, Vivint Smart Home offers a suite of smart […]
Communications equipment company Motorola Solutions has opened the company’s first college campus innovation center at Research Park, an affiliate of the University of Illinois Urbana-Champaign, US. The new Motorola Solutions innovation and design center will develop products, applications and services in a range of areas, including command center software and video. Kelly Mark – executive […]
Ethos therapy Varian : Varian, a cancer care technologies developer, has introduced Ethos therapy, an artificial intelligence (AI)-powered personalized cancer care delivery system in radiation oncology, as per the latest medical device news. Ethos therapy, designed to deliver adaptive treatment in a typical 15-minute timeslot, will target the tumor, reduce dose to healthy tissue and […]
Curragh coal mine : CIMIC Group through its unit Thiess has secured a six-year, A$1.3 billion contract extension from Coronado Global Resources to provide mining services at the Curragh Mine in Queensland, Australia. The mining services contract involves overburden removal and haulage, mining and run of mine rehandling services, equipment maintenance and pit dewatering. Since […]