Temasek

Brookfield Launches Emerging Markets Transition Fund with Anchor Commitment from ALTÉRRA Alongside Investment in the Brookfield Global Transition Fund; Both Funds to Help Deploy Over $20 Billion in Climate Initiatives

Retrieved on: 
Friday, December 1, 2023

BROOKFIELD, NEWS, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Today at COP28, Brookfield Asset Management (“Brookfield”) (NYSE: BAM, TSX: BAM) and ALTÉRRA, the world’s largest private markets climate vehicle launched at the World Climate Action Summit, announced the creation of a multi-billion dollar Catalytic Transition Fund (‘CTF’ or the ‘Fund’) with commitments from ALTÉRRA Transformation. ALTÉRRA also committed to investing US$2 billion from ALTÉRRA Acceleration into the second Brookfield Global Transition Fund (“BGTF II”), Brookfield’s flagship fund focused on the energy transition.

Key Points: 
  • ALTÉRRA also committed to investing US$2 billion from ALTÉRRA Acceleration into the second Brookfield Global Transition Fund (“BGTF II”), Brookfield’s flagship fund focused on the energy transition.
  • The Fund will be managed by Brookfield and will receive up to US$1 billion in catalytic capital from ALTÉRRA Transformation, to enhance the risk-adjusted returns available to commercially-oriented investors.
  • CTF will focus on decarbonization initiatives, with an innovative structure that leverages ALTÉRRA's financial commitment to attract private sector investment at scale.
  • ALTÉRRA Acceleration is also today announcing a US$2 billion commitment to the second Brookfield Global Transition Fund, making it the single-largest third-party investor in the fund to date.

TWIN HEALTH SECURES $50M TO EXPAND ITS GROUNDBREAKING WHOLE BODY DIGITAL TWIN™ TECHNOLOGY AND SERVICE TO REVERSE CHRONIC METABOLIC DISEASE

Retrieved on: 
Wednesday, December 13, 2023

MOUNTAIN VIEW, Calif., Dec. 13, 2023 /PRNewswire/ -- Twin Health, creators of the Whole Body Digital Twin™ service for reversing, improving, and preventing chronic metabolic diseases, announced securing $50 million in funding to continue expanding its groundbreaking technology and clinical service solutions for more members across the United States.

Key Points: 
  • Through an easy-to-use app, the Whole Body Digital Twin provides members and their Twin Health licensed clinical care team individualized, precise, timely guidance across nutrition, sleep, activity and stress.
  • Twin Health's chronic metabolic disease solution is available today through Twin Health's employer and health plan partners.
  • Twin Health has expanded its reach with strategic partners in the employer and health plan domains, covering over 4 million lives.
  • Notable achievements include completing the world's first randomized controlled trial (RCT) for reversing chronic metabolic disease using digital twin technology.

Foretellix Raises $85 Million in Series C Closing

Retrieved on: 
Tuesday, December 5, 2023

TEL-AVIV, Israel and SUNNYVALE, Calif., Dec. 5, 2023 /PRNewswire/ -- Foretellix, the leading provider of safety-driven verification and validation (V&V) solutions for Automated Driving Systems and Advanced Driver Assistance Systems (ADAS), has announced today that it closed a Series C funding round of $85 million, bringing its total raised capital to $135 million. The funding round was led by 83North. The new investors Temasek and Isuzu joined Woven Capital - the growth fund of Toyota - NVIDIA, and Artofin, which participated in the first closing earlier this year. All major existing shareholders participated, including MoreTech, Nationwide, Volvo Group VC, Jump Capital, Next Gear Ventures, and OurCrowd. Foretellix will use the funding to accelerate the development of its expanding product portfolio and address the growing worldwide demand for its solutions.

Key Points: 
  • The new investors Temasek and Isuzu joined Woven Capital - the growth fund of Toyota - NVIDIA, and Artofin, which participated in the first closing earlier this year.
  • Foretellix will use the funding to accelerate the development of its expanding product portfolio and address the growing worldwide demand for its solutions.
  • "We are thrilled to have Temasek and Isuzu join as investors," said Ziv Binyamini, Foretellix CEO and Co-Founder.
  • Foretellix led the ASAM OpenSCENARIO® 2.0 (OSC2.0) standard development, revolutionizing how safety is developed and tested in Automated Driving Systems.

Foretellix Raises $85 Million in Series C Closing

Retrieved on: 
Tuesday, December 5, 2023

TEL-AVIV, Israel and SUNNYVALE, Calif., Dec. 5, 2023 /PRNewswire/ -- Foretellix, the leading provider of safety-driven verification and validation (V&V) solutions for Automated Driving Systems and Advanced Driver Assistance Systems (ADAS), has announced today that it closed a Series C funding round of $85 million, bringing its total raised capital to $135 million. The funding round was led by 83North. The new investors Temasek and Isuzu joined Woven Capital - the growth fund of Toyota - NVIDIA, and Artofin, which participated in the first closing earlier this year. All major existing shareholders participated, including MoreTech, Nationwide, Volvo Group VC, Jump Capital, Next Gear Ventures, and OurCrowd. Foretellix will use the funding to accelerate the development of its expanding product portfolio and address the growing worldwide demand for its solutions.

Key Points: 
  • The new investors Temasek and Isuzu joined Woven Capital - the growth fund of Toyota - NVIDIA, and Artofin, which participated in the first closing earlier this year.
  • Foretellix will use the funding to accelerate the development of its expanding product portfolio and address the growing worldwide demand for its solutions.
  • "We are thrilled to have Temasek and Isuzu join as investors," said Ziv Binyamini, Foretellix CEO and Co-Founder.
  • Foretellix led the ASAM OpenSCENARIO® 2.0 (OSC2.0) standard development, revolutionizing how safety is developed and tested in Automated Driving Systems.

Allied Climate Partners Launches to Catalyze Bankable Climate-Related Projects in Emerging Economies

Retrieved on: 
Friday, December 1, 2023

Allied Climate Partners' mission is to increase the number of bankable, climate-related projects and businesses in emerging economies to create significant environmental, economic, and social impact.

Key Points: 
  • Allied Climate Partners' mission is to increase the number of bankable, climate-related projects and businesses in emerging economies to create significant environmental, economic, and social impact.
  • "Local leaders around the world have identified a clear problem: there simply aren't enough bankable climate-related projects to deploy capital at the scale we need to address the climate crisis," said Allied Climate Partners CEO Ahmed Saeed.
  • The lack of bankable projects has long stifled climate investment in developing nations, particularly in the precarious early stages of project development.
  • That's where Allied Climate Partners comes in," said Andrew Steer, President & CEO of the Bezos Earth Fund.

BlueVoyant Acquires Conquest Cyber to Meet Market Need for Comprehensive Managed Detection and Response and Cyber Risk Posture Solutions

Retrieved on: 
Wednesday, November 29, 2023

NEW YORK, Nov. 29, 2023 /PRNewswire/ -- BlueVoyant, a cybersecurity company that illuminates, validates, and mitigates internal and external risks, today announced the acquisition of Conquest Cyber, a cyber defense company renowned for its innovative SaaS technology that streamlines risk management across an organization's entire cyber program. Conquest Cyber has proven successful within high-security environments, including the U.S. Defense Industrial Base (DIB) and Government organizations.

Key Points: 
  • Conquest Cyber has proven successful within high-security environments, including the U.S. Defense Industrial Base (DIB) and Government organizations.
  • BlueVoyant raised more than $140 million in Series E funding to accompany the acquisition of Conquest Cyber.
  • Many cybersecurity vendors offer point solutions but often fail to provide comprehensive solutions that address assessing, operationalizing, verifying, and remediating risk.
  • Conquest Cyber's SaaS technology modernizes risk management with a platform that unifies an organization's entire cyber risk management program.

Technologies to Decarbonise the Agri-Food Sector in Asia Identified in 2023 Asia Food Challenge Report

Retrieved on: 
Monday, November 27, 2023

SINGAPORE, Nov. 27, 2023 /PRNewswire/ -- PwC, Rabobank, Temasek and Terrascope have launched the third edition of the biennial Asia Food Challenge Report , focused on the opportunity to decarbonise the agri-food value chain in Asia.

Key Points: 
  • SINGAPORE, Nov. 27, 2023 /PRNewswire/ -- PwC, Rabobank, Temasek and Terrascope have launched the third edition of the biennial Asia Food Challenge Report , focused on the opportunity to decarbonise the agri-food value chain in Asia.
  • Agri-food is an even more significant source of emissions in some regions of Asia; it is up to 50% of all emissions in South and South East Asia.
  • In total, Asia is responsible for 42% of all global emissions from agri-food, in a region with only 35% of the world's arable land.
  • Significant investment is required to implement these technologies – up to US$125bn for on-farm technologies on rice and cattle farms, in addition to infrastructure investments.

Engine Biosciences Secures $27 Million Series A Extension to Advance Development of Precision Oncology Medicines and Novel Biomarkers for Patient Selection

Retrieved on: 
Tuesday, October 31, 2023

Engine Biosciences , a company leveraging machine learning and high-throughput biology to discover and develop precision oncology medicines, today announced the completion of a $27 million Series A extension.

Key Points: 
  • Engine Biosciences , a company leveraging machine learning and high-throughput biology to discover and develop precision oncology medicines, today announced the completion of a $27 million Series A extension.
  • Engine’s precision medicine R&D platform deciphers biological networks and pinpoints key genetic interactions driving diseases, overcoming challenges presented by biological complexity.
  • These insights reveal targets and therapeutics to be used in biomarker-defined patient populations, allowing for more rapid identification of effective precision medicines.
  • In addition to high-value targets and drug candidates, Engine identified new patient selection biomarkers for several distinct classes of targeted therapies.

Talus Renewables Announces $22 Million Raised in Series A Financing

Retrieved on: 
Thursday, November 2, 2023

NEW YORK, Nov. 2, 2023 /PRNewswire/ -- Talus Renewables ("Talus"), a renewable energy infrastructure company and creator of the first modular green ammonia system deployed commercially, announced its $22 million Series A financing co-led by Material Impact and Xora Innovation, a deep tech early-stage investment platform of Temasek; joined by Cavallo Ventures, the VC arm of Wilbur-Ellis, and Rice Investment Group.

Key Points: 
  • Talus will deliver multiple talusOne (up to 1.4 tonnes of green ammonia daily) and talusTen (up to 20 tonnes) systems beginning later this year in US and European markets.
  • "We are gratified by our investors' confidence in our ability to provide a more sustainable, cost-effective, and secure path forward for critical industries," said Hiro Iwanaga, Co-Founder and CEO of Talus Renewables.
  • "The promise of rapidly deployable, modular, autonomous green ammonia systems will extend far beyond agriculture to industrial and renewable energy applications."
  • "We're excited that Talus is helping transform our industry into a cleaner, more sustainable enterprise," said Brett Morris, Managing Director at Cavallo Ventures.

Talus Renewables Announces $22 Million Raised in Series A Financing

Retrieved on: 
Thursday, November 2, 2023

NEW YORK, Nov. 2, 2023 /PRNewswire/ -- Talus Renewables ("Talus"), a renewable energy infrastructure company and creator of the first modular green ammonia system deployed commercially, announced its $22 million Series A financing co-led by Material Impact and Xora Innovation, a deep tech early-stage investment platform of Temasek; joined by Cavallo Ventures, the VC arm of Wilbur-Ellis, and Rice Investment Group.

Key Points: 
  • Talus will deliver multiple talusOne (up to 1.4 tonnes of green ammonia daily) and talusTen (up to 20 tonnes) systems beginning later this year in US and European markets.
  • "We are gratified by our investors' confidence in our ability to provide a more sustainable, cost-effective, and secure path forward for critical industries," said Hiro Iwanaga, Co-Founder and CEO of Talus Renewables.
  • "The promise of rapidly deployable, modular, autonomous green ammonia systems will extend far beyond agriculture to industrial and renewable energy applications."
  • "We're excited that Talus is helping transform our industry into a cleaner, more sustainable enterprise," said Brett Morris, Managing Director at Cavallo Ventures.