L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global player in engineering and technology services, has announced a definitive agreement to acquire Intelliswift, a Silicon Valley-based digital technology solutions firm, to broaden its capabilities across software product development, platform engineering, digital integration, data, and artificial intelligence (AI). The acquisition is poised to reinforce […]
Yoshi Mobility, a leader in tech-enabled mobility services, has announced a strategic divestment of its fuel division, reinforcing its commitment to sustainability and electric mobility. The company will sell its fleet fueling operations to EZFill Holdings, with a letter of intent already signed. This move enables Yoshi Mobility to focus on three core growth areas: […]
Hewlett-Packard (HP) is pushing forward with its $4 billion damages lawsuit against the estate of the late tech entrepreneur Mike Lynch, despite his recent death in a sailing accident. The legal battle dates back to HP’s acquisition of Lynch’s company, Autonomy, for $11.7 billion in 2011, which later resulted in an $8.8 billion write-down due […]
Silicon Valley’s lidar leader Cepton, Inc. (Nasdaq: CPTN) has announced a definitive agreement for its acquisition by Koito Manufacturing Co., Ltd. (TSE: 7276), a major player in the automotive sector. The deal, valued at $3.17 per share in an all-cash transaction, marks a significant milestone for both companies. This acquisition will see Cepton, known for […]
Abbott has wrapped up the previously announced acquisition of Bigfoot Biomedical. The latter which is a Silicon Valley-based front-runner is celebrated for its revolutionary smart insulin management systems, notably enhancing diabetes care for patients worldwide. This acquisition propels Abbott’s standing in the diabetes domain, complementing its dominant FreeStyle Libre suite – a state-of-the-art continuous glucose […]
Electric vehicle (EV) fast-charging innovator, Electric Era Technologies, announced the successful completion of its Series A financing, raising $11.5 million. Spearheaded by HSBC Asset Management and joined by SQM Lithium Ventures, Blackhorn Ventures, and Proeza Ventures, the funding will be pivotal in ramping up the production and deployment of Electric Era’s groundbreaking PowerNode EV high-speed […]
MEDiC Life Sciences, a biotech startup based in Silicon Valley, has announced a research collaboration with pharmaceutical giant Bristol Myers Squibb to advance the discovery of tumor targets. The collaboration aims to leverage MEDiC Life Sciences’ expertise in tumor target discovery using its scalable 3D tumor models and CRISPR functional genomics screens. In this partnership, […]
Sakuu Corporation, a sustainable battery technology provider, will become a publicly traded company, following a business combination agreement with Plum Acquisition Corp. I, a special purpose acquisition company (SPAC). Post-closing, the combined entity will be renamed Sakuu Holdings Inc. and is anticipated to be traded on a US national exchange. Sakuu’s existing equity holders are […]
QUODD, a market data-on demand service for the financial services sector, has acquired Xignite, which is a supplier of APIs for financial market data, at an undisclosed price. Xignite offers its APIs for market data to wealth managers, brokers as well as the tech companies who provide them with services. In 2003, the Silicon Valley-based […]
Reliance Industries said that its majority-owned subsidiary Jio Platforms has acquired a stake of 25% in Two Platforms Inc., a deep tech startup based in the Silicon Valley, for a sum of $15 million. Founded by Pranav Mistry in July 2021, Two Platforms is an artificial reality company, which is engaged in developing interactive and […]
