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CoreWeave Announces Nitin Agrawal as Chief Financial Officer and Additional Senior Leadership Changes

Retrieved on:

Tuesday, March 12, 2024

Cloud, Microsoft, Google Cloud, Organization, GPU, Agrawal, Growth, CFO, Intelligence, Accounting, JPMorgan Chase, Nitin, Amazon Web Services, Magnetar Capital, IMCO, Management

ROSELAND, N.J., March 12, 2024 /PRNewswire/ -- CoreWeave, the leading specialized GPU cloud provider, today announced that Nitin Agrawal will join the company as Chief Financial Officer, effective immediately. Agrawal joins CoreWeave from Google where he served as Vice President of Finance for Google Cloud. Also today, CoreWeave announced several changes to its senior leadership bench as the company prepares for its next stage of growth. Co-founder, Brannin McBee, will now serve as Chief Development Officer; co-founder, Brian Venturo has been appointed Chief Strategy Officer. Peter Salanki, current Vice President of Engineering will be elevated to Chief Technology Officer.

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Agrawal formerly served as Vice President, Finance at Google Cloud
ROSELAND, N.J., March 12, 2024 /PRNewswire/ -- CoreWeave , the leading specialized GPU cloud provider, today announced that Nitin Agrawal will join the company as Chief Financial Officer, effective immediately.
Also today, CoreWeave announced several changes to its senior leadership bench as the company prepares for its next stage of growth.
Co-founder, Brannin McBee, will now serve as Chief Development Officer; co-founder, Brian Venturo has been appointed Chief Strategy Officer.
"CoreWeave is filling a void in the high-performance computing space left unaddressed by the legacy cloud providers," said Nitin Agrawal as Chief Financial Officer, CoreWeave.

IMCO releases World View 2024

Retrieved on:

Wednesday, January 31, 2024

CHIPS, IRA, Artificial intelligence, Worldview, IMCO, Research, Cryptocurrency

IMCO releases World View 2024, charting a year of transformative developments, from shifting US-China relations to breakthroughs in AI technology and their implications for long-term investors

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IMCO releases World View 2024, charting a year of transformative developments, from shifting US-China relations to breakthroughs in AI technology and their implications for long-term investors
TORONTO, Jan. 31, 2024 /CNW/ - The Investment Management Corporation of Ontario ("IMCO") today released its World View 2024, a report that pinpoints four key developments in a rapidly evolving macroeconomic and geopolitical environment that are shaping the investment landscape in the years ahead.
The IMCO World View 2024 builds on the foundational research laid out in its inaugural 2023 report , which defined the global trends that will most impact clients' assets and the accompanying implications for investors.
The year of artificial intelligence ("AI"): The rapid adoption and integration of AI technology across markets and industries signals a transformative era, creating new investment opportunities.
To learn more about why these developments are consequential for investors, including the potential opportunities investors might consider seizing, and risks they should mitigate, read the full IMCO World View 2024 .

Sandbrook Capital Raises $2.1 Billion for Climate Infrastructure

Retrieved on:

Thursday, December 14, 2023

Carbon, Congestion, Climate, Investment, Wind, Farm, Siemens Gamesa, Sandbrook, Ageing, BESS, Partnership, Growth, IMCO, RWE, Renewable energy, Engie, Avangrid, Vattenfall

STAMFORD, Conn., Dec. 14, 2023 /PRNewswire/ -- Sandbrook Capital, a private investment firm dedicated to transforming the world's energy infrastructure, today announced the final closing of Sandbrook Climate Infrastructure Fund I at its hard cap of $1.5 billion. The fund, which significantly exceeded its $1.0 billion target, represents one of the largest emerging manager vehicles focused on energy transition infrastructure. The firm now manages $2.1 billion in limited partner capital, including associated co-investment vehicles.

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STAMFORD, Conn., Dec. 14, 2023 /PRNewswire/ -- Sandbrook Capital, a private investment firm dedicated to transforming the world's energy infrastructure, today announced the final closing of Sandbrook Climate Infrastructure Fund I at its hard cap of $1.5 billion.
The fund, which significantly exceeded its $1.0 billion target, represents one of the largest emerging manager vehicles focused on energy transition infrastructure.
The firm now manages $2.1 billion in limited partner capital, including associated co-investment vehicles.
Sandbrook's founders have been investing together for nearly 15 years and bring decades of experience in the renewable energy sector.

CoreWeave Announces Secondary Sale of $642 Million

Retrieved on:

Monday, December 4, 2023

GPU, PIMCO, JPMorgan Chase, Magnetar Capital, Mistral, Alberta Investment Management Corporation, Drug discovery, Cloud computing, AI, IMCO, BlackRock, Inflection, Cryptocurrency, Medical device, NVIDIA

CoreWeave is delivering the next generation of cloud computing, with a modern approach to hardware engineering and proprietary software stack that is designed specifically for the most complex and intensive workloads like generative AI and drug discovery -- filling a void left unaddressed by the generalized offerings provided by hyperscalers. The Company's specialized approach to combining hardware and software expertise provides unprecedented performance, while also delivering complete end-to-end control of the compute environment for customers to optimize workload management, visibility and stability.

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"The AI industry is at an inflection point, and CoreWeave has played a central role in powering its evolution by delivering differentiated infrastructure to customers," said Michael Intrator.
"CoreWeave is solving critical issues by integrating the most performant and flexible GPU, networking and storage technologies into the most differentiated AI infrastructure available today.
In April, CoreWeave announced it had raised $221 million in Series B funding led by Magnetar Capital with contributions from NVIDIA, Nat Friedman and Daniel Gross.
One month later, CoreWeave secured $200 million in a Series B extension, also led by Magnetar Capital.

CarGurus Announces Third Quarter 2023 Results

Retrieved on:

Tuesday, November 7, 2023

Consolidated, Digital, International, IMCO, EBITDA, Share repurchase, Listing, GAAP, Growth, EPS, CarGurus, CODM, Total, Investment, Retail, Video game, Bookkeeping, Drug, Tutoring, Joe Caroff

GAAP consolidated net income was $19.0 million; Consolidated Adjusted EBITDA was $48.6 million, exceeding high-end of guidance range

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GAAP consolidated net income was $19.0 million; Consolidated Adjusted EBITDA was $48.6 million, exceeding high-end of guidance range
CarGurus acquires the remaining minority equity interests in CarOffer, LLC
CAMBRIDGE, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced financial results for the third quarter ended September 30, 2023.
"We are pleased to have exceeded our forecasted consolidated adjusted EBITDA guidance range for the quarter," said Jason Trevisan, Chief Executive Officer at CarGurus.
Website traffic and consumer engagement metrics for the third quarter of 2023 were as follows:
U.S. average monthly unique users were 31.7 million, an increase of 8% year-over-year.
CarGurus anticipates total revenue, product revenue, non-GAAP Consolidated Adjusted EBITDA, and non-GAAP earnings per share ("EPS") to be in the following ranges:

MMGY Global Announces New Investment by EagleTree Capital

Retrieved on:

Monday, October 30, 2023

KANSAS CITY, Mo., Oct. 30, 2023 /PRNewswire/ -- MMGY Global, a leading integrated marketing firm specializing in travel, tourism and hospitality, announced today that investment funds managed by private equity firm EagleTree Capital have acquired the company from previous partner Peninsula Capital Partners LLC and other shareholders, including current and former employees and the original founders of the business.

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"We are deeply impressed with MMGY Global's data-driven approach to travel marketing and PR," said EagleTree Senior Partner Michael Struble.
"MMGY Global sits at the cross section of EagleTree's investment focus on marketing services and travel," added EagleTree Co-Managing Partner Anup Bagaria.
MMGY Global was advised on the transaction by BrightTower, a New York City headquartered investment banking and M&A advisory services firm.
Foley served as an adviser to MMGY Global on legal matters, PwC on financial matters and RSM on tax matters.

MMGY Global Announces New Investment by EagleTree Capital

Retrieved on:

Monday, October 30, 2023

KANSAS CITY, Mo., Oct. 30, 2023 /PRNewswire/ -- MMGY Global, a leading integrated marketing firm specializing in travel, tourism and hospitality, announced today that investment funds managed by private equity firm EagleTree Capital have acquired the company from previous partner Peninsula Capital Partners LLC and other shareholders, including current and former employees and the original founders of the business.

Key Points:

"We are deeply impressed with MMGY Global's data-driven approach to travel marketing and PR," said EagleTree Senior Partner Michael Struble.
"MMGY Global sits at the cross section of EagleTree's investment focus on marketing services and travel," added EagleTree Co-Managing Partner Anup Bagaria.
MMGY Global was advised on the transaction by BrightTower, a New York City headquartered investment banking and M&A advisory services firm.
Foley served as an adviser to MMGY Global on legal matters, PwC on financial matters and RSM on tax matters.

Highlights - Votes during the committee meeting of 25 October 2023 - Committee on the Internal Market and Consumer Protection

Retrieved on:

Thursday, October 26, 2023

IMCO, ECR, Policy, Common, S&D, Annual report, Whaling, EU, Directive

Votes during the committee meeting of 25 October 2023

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Votes during the committee meeting of 25 October 2023
25-10-2023 - 16:20
During the committee meeting of 25 October 2023, IMCO Members voted on four reports and one opinion in letter-form.
- Draft Report on Amending Regulation (EU) 2019/1009 as regards the digital labelling of EU fertilising products - Rapporteur, Ms Maria Grapini (S&D);
- Draft Report on Common rules promoting the repair of goods and amending Regulation (EU)2017/2394, Directives (EU) 2019/771 and (EU) 2020/1828, Rapporteur, Mr René Repasi (S&D);
- Draft Own-Initiative Report on Addictive design of online services and consumer protection in the EU single market, Rapporteur, Ms Kim Van Sparrentak (Greens/EFA);
- Draft Own-Initiative Report on Implementation of the 2018 Geo-blocking Regulation in the digital single market, Rapporteur, Ms Beata Mazurek (ECR);
- Draft Opinion in letter-form on the 2023 Annual report on competition policy.

Highlights - Vote on the proposal prohibiting products made with forced labour on the Union market - Committee on the Internal Market and Consumer Protection

Retrieved on:

Tuesday, October 17, 2023

S&D, IMCO, INTA, Union

Vote on the proposal prohibiting products made with forced labour on the Union market

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Vote on the proposal prohibiting products made with forced labour on the Union market
13-10-2023 - 09:45
On 16 October 2023, INTA and IMCO Members will vote on the draft report by co-Rapporteurs Ms Maria-Manuel LEITÃO-MARQUES (S&D, IMCO) and Ms Samira RAFAELA (Renew, INTA) on the proposal for a Regulation on Prohibiting products made with forced labour on the Union market.
The meeting will be webstreamed.

DigitalBridge Completes DataBank Recapitalization

Retrieved on:

Thursday, September 14, 2023

Technology, Telecommunications, Professional Services, Networks, Internet, Hardware, Asset Management, Data Management, Artificial Intelligence, Growth, Data, IMCO, Ecosystem, DigitalBridge, NYSE, Bank statement, Cryptocurrency

DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge” or the “Company”) today announced it has completed the previously announced recapitalization of its portfolio company DataBank, a leading nationwide edge data center platform.

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DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge” or the “Company”) today announced it has completed the previously announced recapitalization of its portfolio company DataBank, a leading nationwide edge data center platform.
DigitalBridge received $219 million in additional commitments in the final closing, bringing total recapitalization commitments to $2.2 billion.
Marc Ganzi, CEO of DigitalBridge, said, “The successful recapitalization and deconsolidation of DataBank – one of our key 2023 priorities – will further simplify our business profile and result in administrative savings.
DigitalBridge plans to continue to hold its 9.87% stake in DataBank, with a remaining fair market value of $434 million.