Commvault, a publicly traded data protection and data management software company, is acquiring Clumio, a data backup and recovery provider, for an undisclosed amount. The deal is expected to close in early October and will be funded with cash on hand. Commvault CEO Sanjay Mirchandani stated that the acquisition will advance its recovery offerings and strengthen its platform.
AcquisitionCommvault | Rating: 51 | 2024-09-24 09:00:50 PM |
Munich-based EGYM, a connected fitness startup, has closed a Series G round of $200 million from L Catterton and Meritech, valuing the company at over $1.2 billion. The funding will be used to drive business growth. EGYM offers connected fitness equipment and personalized training tech, as well as a fitness marketplace between gyms and corporate wellness programs.
FitnessEGYM | Rating: 40 | 2024-09-24 07:20:46 PM |
AILux Capital | Rating: 48 | 2024-09-24 06:30:42 PM |
Rode, a microphone-maker, has launched the Rodecaster Video, a user-friendly video production device aimed at novice users who want to upgrade their video production game. The device has a high price tag of $1,119, nearly double the original Rodecaster Pro's $600 asking price. The Rodecaster Video is designed to compete with other similar devices in the market, which have also been launched in the post-pandemic age of video-first.
HardwareRode | Rating: 51 | 2024-09-24 06:30:42 PM |
Northvolt, a European battery startup, laid off 1,600 employees, about 20% of its workforce, due to lower than expected demand growth. The company halted work on a factory expansion in northern Sweden, which was planned to scale production to 30 gigawatt-hours annually. The expansion would have supplied cathode active material (CAM) to make completed cells.
BusinessNorthvolt | Rating: 53 | 2024-09-24 06:20:42 PM |
Nothing, a London-based firm, has launched a new pair of open-ear headphones called Ear Open, priced at $149. The device is designed to maintain situational awareness, unlike active noise cancelation. The Ear Open provides voice-based access to ChatGPT queries through the Nothing X app, similar to the company's previous Ear 2 model.
HardwareNothing | Rating: 48 | 2024-09-24 05:30:37 PM |
Rivian has revealed the first $10 million worth of grants from the Rivian Foundation, which was launched three years ago with a promise to contribute 1% of its equity to the foundation. The grants will be given to 41 recipients, mostly in the United States, with a few outside the country. The foundation's website details the recipients and the funding they will receive.
BusinessRivian | Duplicated with: 1 | Rating: 44 | 2024-09-24 05:20:34 PM |
Isabella Vincenza, an early employee of CloudKitchens, was hired as a full-time salesperson in 2018 and became a regular at President's Club dinners hosted by CEO Travis Kalanick at his Bel Air home. The company provides delivery-only commercial kitchens, known as 'ghost kitchens'. Vincenza attended these exclusive events, which started with cocktails by the pool and featured a chef-prepared dinner, from 2020 to 2021.
BusinessCloudKitchens | Rating: 37 | 2024-09-24 05:20:34 PM |
Jim Adler, founder and general partner at Toyota Ventures, expressed concerns that climate technology gains could fall into the 'valley of death' due to a lack of demand. Climate tech investments in the first half of 2024 dipped for the second consecutive year, with a decrease in overall funds invested and deal count. Adler suggested that forward offtake agreements could help secure demand for climate tech products.
ClimateToyota | Rating: 48 | 2024-09-24 05:20:34 PM |
Moxie, a startup that helps nurses open medspas, has raised a $10 million Series B funding led by existing investor Lachy Groom, with participation from SignalFire. The company's founder and CEO, Dan Friedman, stated that their business grew more than 4x over the last year. The funding will help Moxie double down on its agenda and vision.
HealthMoxie | Rating: 44 | 2024-09-24 05:00:50 PM |