Partner (business rank)

AI LEARNING LEADER, AHURA AI EXTENDS SEED RAISE TO $5.6M TO SUPPORT PRODUCT AND SALES MOMENTUM

Retrieved on: 
Wednesday, January 11, 2023

SAN FRANCISCO, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Ahura AI, a leading AI learning experience platform startup announced the close of their seed+ investment round, bring total round to $5.6M.

Key Points: 
  • SAN FRANCISCO, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Ahura AI, a leading AI learning experience platform startup announced the close of their seed+ investment round, bring total round to $5.6M.
  • This announcement follows the recent news of Ahura AI being chosen as a semifinalist in the GSV Cup 2023, the world's largest pitch competition for Pre-K to Gray EdTech startups.
  • The company's recent capital raise will support and fuel the company's product development and sales activity.
  • AI innovation and technologies come on the heels of the new talent development process, "everboarding," where continuous learning and development of relevant skills are encouraged and invested in across teams company-wide.

Pittsburgh Financial Group Names Andrew J. Pravlik New CEO and Managing Partner

Retrieved on: 
Monday, January 9, 2023

PITTSBURGH, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Pittsburgh Financial Group announced that Andrew J. Pravlik is the new CEO and Managing Partner effective immediately.

Key Points: 
  • PITTSBURGH, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Pittsburgh Financial Group announced that Andrew J. Pravlik is the new CEO and Managing Partner effective immediately.
  • The Wealth Management and Financial Services Firm based in Foster Plaza specializes in working with retirement accounts, income planning and insurance and annuities for it's select group of clients.
  • Reached for comment Andrew had the following to say "It's an honor and privilege to be named leader of Pittsburgh Financial Group, I look forward to many years of successful returns for our clients and investors."
  • Pittsburgh Financial Group is located at 651 Holiday Drive, Foster Plaza 5, suite 400 Pittsburgh PA 15220.

ETC Announces Fiscal 2023 Third Quarter Results and Board of Director Appointment

Retrieved on: 
Monday, January 9, 2023

Net sales in the 2023 third fiscal quarter were $6.4 million, an increase of $2.0 million, or 45.7%, compared to 2022 third quarter net sales of $4.4 million.

Key Points: 
  • Net sales in the 2023 third fiscal quarter were $6.4 million, an increase of $2.0 million, or 45.7%, compared to 2022 third quarter net sales of $4.4 million.
  • Aerospace sales in 2023 third fiscal quarter accounted for 53% of overall sales, compared to 69% in third fiscal quarter 2022.
  • Further, domestic sales of 45% in 2023 third fiscal quarter were increased from 35% in third fiscal quarter of 2022.
  • Gross profit for the 2023 third fiscal quarter of $1.8 million increased from $0.7 million in the 2022 third fiscal quarter, an increase of $1.1 million, or 148.1%.

4D Molecular Therapeutics Announces Updates on Clinical Pipeline and Additional Preclinical Programs

Retrieved on: 
Monday, January 9, 2023

The doses to be evaluated in DME are expected to be similar to those used in the 4D-150 wet AMD clinical trial.

Key Points: 
  • The doses to be evaluated in DME are expected to be similar to those used in the 4D-150 wet AMD clinical trial.
  • It is estimated that there are over one million individuals with GA in the United States according to published data.
  • In addition, I’m excited by the potential of 4D-175, the new preclinical product candidate utilizing the same R100 vector.
  • Cardiac clinical endpoint data (MRI, echocardiography, cardiopulmonary exercise testing [CPET] and QOL assessment) from evaluations at baseline and 12 months after treatment were assessed.

CinCor Pharma to be Acquired by AstraZeneca

Retrieved on: 
Monday, January 9, 2023

WALTHAM, Mass., Jan. 09, 2023 (GLOBE NEWSWIRE) -- CinCor Pharma, Inc. (NASDAQ: CINC) today announced that it has entered into a definitive agreement with AstraZeneca under which AstraZeneca has agreed to acquire CinCor.

Key Points: 
  • WALTHAM, Mass., Jan. 09, 2023 (GLOBE NEWSWIRE) -- CinCor Pharma, Inc. (NASDAQ: CINC) today announced that it has entered into a definitive agreement with AstraZeneca under which AstraZeneca has agreed to acquire CinCor.
  • Marc de Garidel, Chief Executive Officer at CinCor, said: “We are excited about the proposed acquisition of CinCor Pharma by AstraZeneca as we believe it offers the prospect of accelerating the development timeline and expanding the breadth of benefits patients with cardiorenal diseases might obtain from baxdrostat, if approved.
  • CinCor is committed to ensuring a smooth transition of the development responsibilities to AstraZeneca once the acquisition is consummated.
  • CinCor stockholders holding approximately 44.8% of CinCor common stock have entered into a tender and support agreement with AstraZeneca, pursuant to which such stockholders have agreed, among other things, to tender 100% of their shares of CinCor common stock in the tender offer, subject to the terms and conditions of such agreement.

Carbon Health Secures Series D Investment to Drive Primary and Urgent Care Expansion

Retrieved on: 
Monday, January 9, 2023

Carbon Health , a hybrid healthcare company that combines expert care with proprietary technology for easy everyday health, announced today that it has received $100 million from CVS Health Ventures, CVS Health’s corporate venture capital platform, as part of an initial close of its Series D round.

Key Points: 
  • Carbon Health , a hybrid healthcare company that combines expert care with proprietary technology for easy everyday health, announced today that it has received $100 million from CVS Health Ventures, CVS Health’s corporate venture capital platform, as part of an initial close of its Series D round.
  • The funding enables the primary care provider to scale its Connective Care model into new geographies, sign new value-based care arrangements, and invest in technology as it aims to be a national leader in primary and urgent care.
  • With more than 125 physical locations in 13 states, widespread virtual care coverage, and an average NPS of 85, Carbon Health is raising the standard of care for more than a million patients across the U.S. Where typical primary care is anchored in a visit, Carbon Health Connective Care blends easy-to-use software and expert care so every patient can establish a relationship with their own integrated team, monitor and manage their health on the go, and access in-person care when and where they need it.
  • In addition to the investment, CVS Health will also pilot the Carbon Health operating model inside select existing CVS Health locations, leveraging the Carbon Health model and software to help power the patient experience for CVS consumers.

Biologicals Industry Leader Richard Jones Joins DunhamTrimmer Bio Intelligence as Vice President of Content and Client Engagement

Retrieved on: 
Monday, January 9, 2023

DunhamTrimmer, the global leader in business intelligence for the biocontrol, biostimulant, biofertilizer, and specialty nutrition industries, announced today it has named Richard Jones the company’s new Vice President of Content and Client Engagement.

Key Points: 
  • DunhamTrimmer, the global leader in business intelligence for the biocontrol, biostimulant, biofertilizer, and specialty nutrition industries, announced today it has named Richard Jones the company’s new Vice President of Content and Client Engagement.
  • For more than ten years, Jones led the company’s biologicals content strategy, focusing on developments in biopesticides, macroorganisms, and biostimulants.
  • “I have known and engaged with DunhamTrimmer, and have benefitted from its unparalleled market intelligence for years,” Jones said.
  • I am excited to help build on that foundation as we work together toward an exciting future for the biologicals industry.”

Worlds Announces $21 Million Series A1 Funding Round to Scale Industrial Metaverse Platform

Retrieved on: 
Monday, January 9, 2023

Today, Worlds Enterprises, Inc., creators of a new 4D infrastructure for building the Industrial Metaverse, announces the successful completion of its $21.2 million Series A1 funding round.

Key Points: 
  • Today, Worlds Enterprises, Inc., creators of a new 4D infrastructure for building the Industrial Metaverse, announces the successful completion of its $21.2 million Series A1 funding round.
  • The funding will be used to continue investing in the Company’s AI platform, expand key go-to-market partnerships, and further expand the adoption of Worlds’ technology by industrial companies.
  • The Worlds Industrial Metaverse platform brings AI-based automation directly into the ground floor operations of large industrial companies.
  • This is why Align Capital is a proud partner and continues to invest in Worlds,” says Lisa Harris, Founder and Managing Partner, Align Capital.

Array Behavioral Care Secures $25 Million from CVS Health to Help Address National Mental Health Crisis through Virtual Care

Retrieved on: 
Monday, January 9, 2023

Array Behavioral Care , the nation’s leading virtual psychiatry and therapy practice, announced today the closing of its latest equity round to further scale modern behavioral health care across the continuum, with CVS Health leading the round.

Key Points: 
  • Array Behavioral Care , the nation’s leading virtual psychiatry and therapy practice, announced today the closing of its latest equity round to further scale modern behavioral health care across the continuum, with CVS Health leading the round.
  • The financing builds upon a long history between Array and CVS Health and opens doors to new levels of collaboration to expand access to high-quality behavioral care.
  • "Array has consistently been a strong mental health care provider within Aetna’s network,” said Cara McNulty, President of Behavioral Health and Mental Well-being for CVS Health.
  • “Working with Dr. Varrell, Geoffrey Boyce, and the entire Array organization, we believe that we can help increase access to excellent, convenient behavioral health care services.”
    To learn more about Array Behavioral Care, please visit www.arraybc.com .

M/C Partners Announces Investment Team Promotions

Retrieved on: 
Monday, January 9, 2023

Today, M/C Partners , a private equity firm focused on small and mid-size businesses in the digital infrastructure and technology services sector, announced the promotions of Travis Keller to Managing Partner and Arvind Viswanathan to Vice President.

Key Points: 
  • Today, M/C Partners , a private equity firm focused on small and mid-size businesses in the digital infrastructure and technology services sector, announced the promotions of Travis Keller to Managing Partner and Arvind Viswanathan to Vice President.
  • View the full release here: https://www.businesswire.com/news/home/20230109005094/en/
    “Travis and Arvind have both made a meaningful impact on the firm and our portfolio companies,” said Gillis Cashman, Managing Partner, M/C Partners.
  • Arvind Viswanathan joined the firm in 2018 and focuses on investment opportunities in the communications and technology services sectors.
  • He currently serves as a Board Observer for Ascend Technologies, C3 Integrated Solutions, Connectivity Wireless and Edafio Technology Partners.