Performance Systems Integration (PSI), an Oregon-based fire and life safety services provider, has acquired Statcomm for an undisclosed price. Statcomm, which is based in Mountain View, California, offers repeating fire and life safety inspection, repair, and maintenance services, and installation services for new construction as well as retrofits. The company caters to customers in the […]
Picsart, a San Francisco-based digital creation platform, has agreed to acquire DeepCraft, an Armenian computer vision and artificial intelligence (AI) company, for an undisclosed price. According to Picsart, the advancement of the Creator Economy has raised the demand for accessible video editing tools on its platform, with over 100 million videos edited in 2021, which […]
Location-sharing app Life360 has wrapped up the previously announced acquisition of wearable location devices provider Jiobit in a deal worth up to $54 million. The stock and debt deal was announced by the San Francisco-based Life360 in April 2021. As per the terms, the consideration is $37 million with an additional 17.5 million to be […]
Bank of Marin Bancorp, the parent company of Bank of Marin, has wrapped up its previously announced $125 million acquisition of American River Bankshares, the owner of American River Bank. Both the bank holding companies are based in California. Bank of Marin is a business and community bank in the San Francisco Bay Area with […]
Microsoft has agreed to acquire RiskIQ, a San Francisco-based cyber security company that provides global threat intelligence and attack surface management solutions. The financial terms of the deal were not disclosed. However, Bloomberg has reported the consideration to be over $500 million in cash. Established in 2009, RiskIQ is engaged in helping customers in discovering […]
United Services Automobile Association (USAA), a Texas-based financial services company, revealed plans to acquire Noblr, an insurtech company, to provide the latter’s usage-based insurance (UBI) to its members. The financial terms of the deal were not disclosed. Based in San Francisco, Noblr is said to provide smart car insurance with drivers getting rewarded for good […]
Monarch Tractor, a California-based smart tractor manufacturer, has raised $20 million in a Series A funding round. The company is developing what it claims to be the first ever fully electric, driver-optional smart tractor. Monarch Tractor investors : The company’s Series A funding round was led by Japanese auto parts company Musashi Seimitsu Industry, agricultural […]
Taulia, a US fintech company that provides working capital technology solutions, has raised $60 million in a funding round led by the Ping An Global Voyager Fund. Other entities that took part in the funding round include J.P. Morgan, Prosperity7 Ventures, and existing investors such as Zouk Capital, and others. Taulia said that the new […]
Oppenheimer & Co. has reached an agreement to acquire San Francisco-based investment bank Brandis Tallman for an undisclosed price in a move to fast track growth of its public finance investment banking business. Brandis Tallman is engaged in providing bond underwriting and placement of municipal debt to public agencies in California. Since its induction in […]
Macy’s job cuts : US upscale department store chain Macy’s intends to close around 125 stores in lower-tier malls during the next three years owing to their low profitability, resulting in nearly 2,000 job losses. Macy’s store closure update The stores to be closed include nearly 30 that are already in the process of being […]