Corporate venture capital

Terra Drone Invests in Aloft Technologies to Enter U.S. Market, Boost Global UTM Development

Retrieved on: 
Wednesday, March 20, 2024
Automation, Aircraft, Certification, CVC, Terra, Partnership, Insurance, Boeing, UAS, UTM, The Travelers Companies, Investment, Altitude, Corporate venture capital, Ecosystem, Advanced Air Mobility, Federal Aviation Administration, AAM, Airline

TOKYO, March 20, 2024 /PRNewswire/ -- Terra Drone Corporation (Terra Drone), a leading drone and Advanced Air Mobility (AAM) technology provider headquartered in Japan, has announced an investment in Aloft Technologies (Aloft), a company focusing on developing UTM, and a market leader in drone fleet and airspace management in the United States.

Key Points: 
  • TOKYO, March 20, 2024 /PRNewswire/ -- Terra Drone Corporation (Terra Drone), a leading drone and Advanced Air Mobility (AAM) technology provider headquartered in Japan, has announced an investment in Aloft Technologies (Aloft), a company focusing on developing UTM, and a market leader in drone fleet and airspace management in the United States.
  • This investment makes Terra Drone the largest shareholder in Aloft, with Aloft becoming an affiliate company of Terra Drone.
  • Additionally, Yuki Ueno, Terra Drone's executive officer, has been appointed to the Aloft board.
  • Together with Aloft and Unifly, a Belgium-based UTM provider being a Terra Drone subsidiary, Terra Drone is positioned to contribute to the global development of the UTM ecosystem.

National Grid Partners Introduces New Leadership Structure and Sharpened Investment Focus to Accelerate Net Zero Progress

Retrieved on: 
Thursday, February 1, 2024
Sand Hill Road, LOS, NGP, Acceleration, Intel Capital, Carbon, Corporate venture capital, Investment, Leakage, Business development, Smith, National Grid, Pradeep, Public utility, Innovation, Renewable energy

LOS GATOS, Calif., Feb. 1, 2024 /PRNewswire/ -- National Grid Partners (NGP), the corporate venture capital and innovation arm of one of the world's largest utilities, today announced a streamlined leadership structure and refreshed investment focus to accelerate progress toward net zero and scale innovation across global energy networks.

Key Points: 
  • LOS GATOS, Calif., Feb. 1, 2024 /PRNewswire/ -- National Grid Partners (NGP), the corporate venture capital and innovation arm of one of the world's largest utilities, today announced a streamlined leadership structure and refreshed investment focus to accelerate progress toward net zero and scale innovation across global energy networks.
  • Led by Steve Smith, recently appointed president of NGP, these efforts bring National Grid's strategy, innovation and startup investing together under one umbrella.
  • The new structure is designed to maximize impact and further build on the parent company's transformational work to provide a clean, fair and affordable energy transition.
  • "National Grid Partners already offers critical financial resources and expert advice to some of the most exciting companies in climate tech and beyond.

National Grid Partners Introduces New Leadership Structure and Sharpened Investment Focus to Accelerate Net Zero Progress

Retrieved on: 
Thursday, February 1, 2024
Sand Hill Road, LOS, NGP, Acceleration, Intel Capital, Carbon, Corporate venture capital, Investment, Leakage, Business development, Smith, National Grid, Pradeep, Public utility, Innovation, Renewable energy

LOS GATOS, Calif., Feb. 1, 2024 /PRNewswire/ -- National Grid Partners (NGP), the corporate venture capital and innovation arm of one of the world's largest utilities, today announced a streamlined leadership structure and refreshed investment focus to accelerate progress toward net zero and scale innovation across global energy networks.

Key Points: 
  • LOS GATOS, Calif., Feb. 1, 2024 /PRNewswire/ -- National Grid Partners (NGP), the corporate venture capital and innovation arm of one of the world's largest utilities, today announced a streamlined leadership structure and refreshed investment focus to accelerate progress toward net zero and scale innovation across global energy networks.
  • Led by Steve Smith, recently appointed president of NGP, these efforts bring National Grid's strategy, innovation and startup investing together under one umbrella.
  • The new structure is designed to maximize impact and further build on the parent company's transformational work to provide a clean, fair and affordable energy transition.
  • "National Grid Partners already offers critical financial resources and expert advice to some of the most exciting companies in climate tech and beyond.

Sify reports Consolidated Financial Results for Q3 FY 2023-24

Retrieved on: 
Thursday, January 18, 2024
Cloud, Private, Silicon, Cloud computing, Data, Corporate venture capital, Research, City, State, Insurance, Venture capital, NBFC, USD, Sify, SAARC, Data center, Multinational corporation, SDWAN, Recovery as a service, Infrastructure as a service

Sify provides services via 974 fiber nodes across the country, a 15% increase respectively over same quarter last year.

Key Points: 
  • Sify provides services via 974 fiber nodes across the country, a 15% increase respectively over same quarter last year.
  • This quarter, Sify invested USD 0.15 Million in start-ups in the Silicon Valley area as part of our Corporate Venture Capital initiative.
  • Among the most prominent new contracts during the quarter were the following:
    One of India’s largest private banks signed up for colocation services.
  • A global financial and technology company is migrating colocation services from a competitor to Sify’s Data Center.

Canada’s largest climate tech seed fund launches $120M third fund with over $70M in commitments

Retrieved on: 
Tuesday, November 21, 2023
Partner, Climate change, Investment, Corporate venture capital, University, Water, Impact, Food, Growth, Transport, Carbon, General partnership, Global warming potential, Corporation, Partner (business rank), Environment

Vancouver, British Columbia, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Active Impact Investments, Canada’s largest climate tech seed fund, today announced that it has raised more than $70M in commitments for its third fund — moving towards the ultimate fund goal of $120M.

Key Points: 
  • Vancouver, British Columbia, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Active Impact Investments, Canada’s largest climate tech seed fund, today announced that it has raised more than $70M in commitments for its third fund — moving towards the ultimate fund goal of $120M.
  • Fondaction labour-sponsored fund returns as a co-anchor and the University of Victoria re-ups for Fund III.
  • Climate change is accelerating faster than ever and continuing to fund solutions is both necessary, and a huge wealth creation opportunity.
  • If you are an accredited investor and want to join Active Impact Investment’s third fund, visit www.activeimpactinvestments.com/investor-signup .

Stuart Cook Joins the True Digital Network as CEO and Opens the Network to All Bankers

Retrieved on: 
Monday, November 27, 2023
Professional Services, Apps, Applications, Technology, Mobile, Wireless, Finance, Fintech, Banking, Computer, Android, Corporate venture capital, Directory, Collaboration, Google Play, Digital, App store, Valley Bank, App Store (iOS/iPadOS), CVC, Innovation, Network, IOS, Cryptocurrency

True Digital Network, a bankers only network for collaboration, is excited to announce Stuart Cook, formerly Chief Innovation Officer at Valley National Bank, as the new Chief Executive Officer (CEO).

Key Points: 
  • True Digital Network, a bankers only network for collaboration, is excited to announce Stuart Cook, formerly Chief Innovation Officer at Valley National Bank, as the new Chief Executive Officer (CEO).
  • Patrick Sells, CEO of True Digital Group, shared “We built this Network for bankers and there could be no better outcome than for a proven banking executive like Stuart to lead it going forward.
  • The True Digital Network, initially created to meet the specific requirements of bankers and their relationships with vendors, has now expanded its reach, expertise, and delivery capabilities.
  • Stuart shared, “It’s an honor to be able to serve the banking industry through leading the True Digital Network.

Nanotherm Welcomes Former GM CTO Kent Helfrich to Its Advisory Board

Retrieved on: 
Friday, December 15, 2023
Development, Growth, Corporate venture capital, GM, General Motors, Research, Heat

COLUMBUS, Ohio, Dec. 15, 2023 /PRNewswire/ -- Nanotherm is thrilled to announce the latest addition to its advisory board: Kent Helfrich, former CTO of General Motors, VP of GM Research and Development and President of GM Ventures, GM's Corporate Venture Capital team.

Key Points: 
  • COLUMBUS, Ohio, Dec. 15, 2023 /PRNewswire/ -- Nanotherm is thrilled to announce the latest addition to its advisory board: Kent Helfrich, former CTO of General Motors, VP of GM Research and Development and President of GM Ventures, GM's Corporate Venture Capital team.
  • Mr. Helfrich is a seasoned senior executive known for his innovative leadership and global technology value creation, from start-ups to multi-national product development teams.
  • His joining comes at a pivotal time for Nanotherm as the company continues to revolutionize thermal solutions through cutting-edge nanotechnology.
  • Kent Helfrich commented, "I am excited to join Nanotherm's advisory board and to collaborate with a team that's as passionate about innovation as I am.

UMGC Ventures Appoints David Cumberbatch as New CEO

Retrieved on: 
Monday, December 4, 2023
ACT, Corporate venture capital, Organization, Workforce, Microsoft Office, Student, Stride, Inc., Perdoceo, Senior advisor, University, Massage chair, UMGC, Management, Microsoft, Economics, Master of Philosophy, Procter & Gamble, Education, Cumberbatch, DMV

BETHESDA, Md., Dec. 4, 2023 /PRNewswire/ -- UMGC Ventures, a nonprofit supporting organization of University of Maryland Global Campus (UMGC), today announced the appointment of David Cumberbatch as its new CEO. With two decades of executive leadership experience, Cumberbatch is a trailblazer in emerging edtech, alternative workforce preparation, AI-enabled operating models, next generation learning solutions, and emerging education business models.

Key Points: 
  • BETHESDA, Md., Dec. 4, 2023 /PRNewswire/ -- UMGC Ventures , a nonprofit supporting organization of University of Maryland Global Campus (UMGC) , today announced the appointment of David Cumberbatch as its new CEO.
  • With two decades of executive leadership experience, Cumberbatch is a trailblazer in emerging edtech, alternative workforce preparation, AI-enabled operating models, next generation learning solutions, and emerging education business models.
  • Prior to Stride, Cumberbatch launched the Corporate Ventures function at ACT, a leading college and career assessment non-profit, and pioneered Adaptive Learning at Perdoceo (formerly Career Education Corporation), an online post-secondary company.
  • "Coming to UMGC Ventures feels like the perfect culmination of my career," said Cumberbatch.

Lunit Secures $150 Million in Capital Increase

Retrieved on: 
Wednesday, November 15, 2023
CVC, Corporate venture capital, Therapy, Security (finance), NH Investment & Securities, Cancer

Fund fully paid-in as of November 9, achieving over 100% shareholder participation

Key Points: 
  • Fund fully paid-in as of November 9, achieving over 100% shareholder participation
    SEOUL, South Korea, Nov. 15, 2023 /PRNewswire/ -- Lunit (KRX:328130.KQ), a leading provider of AI-powered solutions for cancer diagnostics and therapeutics, today announced the successful completion of a significant paid-in capital increase of $150 million.
  • The decision to initiate this capital raise was made during a Board of Directors meeting on August 23rd.
  • This $150 million capital increase reflects their faith in our mission and technology," said Brandon Suh, CEO of Lunit.
  • Our commitment remains steadfast, and we believe that every dollar invested in Lunit can make a significant impact in the fight against cancer."

Sify reports Consolidated Financial Results for Q2 FY 2023-24. Revenues of INR 8791 Million. EBITDA of INR 1519 Million.

Retrieved on: 
Friday, October 20, 2023
Insurance, Policy, DC, Silicon, Corporate venture capital, SIP, Venture capital, State, Network operations center, Data center, NBFC, VNO, SD, Public sector, Spirit, Sify, USD, SDWAN, State government, Refrigeration, Arms industry, Music, Financial services, Educational technology, Union

As on September 30, 2023, Sify has deployed 6535 SDWAN service points across the country.

Key Points: 
  • As on September 30, 2023, Sify has deployed 6535 SDWAN service points across the country.
  • Sify now provides services via 952 fiber nodes across the country, a 14% increase over the same quarter last year.
  • During the quarter, Sify invested USD 1.5 Million in start-ups in the Silicon Valley area as part of our Corporate Venture Capital initiative.
  • A NBFC, a health solutions player, an insurance broker and a steel major contracted for Sify greenfield cloud implementation.