Maverick Capital

SiMa.ai Secures Funds and Readies New Generative Edge AI Platform

Retrieved on: 
Thursday, April 4, 2024
Security, IOT (Internet of Things), Technology, Software, Networks, Artificial Intelligence, Hardware, Speech, GM, Sound, Zebu, Partnership, Deep learning processor, The Next Chapter, Second generation, EDA, Embedded, SVP, Conceptual model, Blog, Business development, Lip-Bu Tan, AI, System, Human, Senior, Architecture, IP, Booth, Maverick Capital, Ecosystem, Machine learning, SNPS, TSMC, Silicon, Medical device

With the release of the second-generation MLSoC, SiMa.ai will unveil one software-centric platform for all edge AI .

Key Points: 
  • With the release of the second-generation MLSoC, SiMa.ai will unveil one software-centric platform for all edge AI .
  • SiMa.ai’s ‘one platform for all edge AI’ scales with customers as their AI/ML journey evolves, from computer vision, to transformers to multimodal generative AI.
  • “AI — particularly the rapid rise of generative AI — is fundamentally reshaping the way that humans and machines work together.
  • For more information on SiMa.ai’s one software-centric platform for all edge AI, please read The Next Chapter at SiMa.ai: One Platform for All Edge AI on the SiMa.ai blog.

PNC Appoints Michael P. Lyons President

Retrieved on: 
Tuesday, February 20, 2024
National Association, PNC Financial Services, RBC Bank, Bank, Strategic planning, Growth, Boy, UPMC, University, Treasury, Pittsburgh Parks Conservancy, BBVA, BBVA USA, Maverick Capital, PNC, Corporation, Bank of America

PITTSBURGH, Feb. 20, 2024 /PRNewswire/ -- The PNC Financial Services Group (NYSE: PNC) today announced that its Board of Directors has unanimously appointed Michael P. Lyons president of the corporation and its wholly owned banking subsidiary, PNC Bank, National Association, effective immediately.

Key Points: 
  • PITTSBURGH, Feb. 20, 2024 /PRNewswire/ -- The PNC Financial Services Group (NYSE: PNC) today announced that its Board of Directors has unanimously appointed Michael P. Lyons president of the corporation and its wholly owned banking subsidiary, PNC Bank, National Association, effective immediately.
  • PNC's primary operating lines of business and the Regional Presidents Office will report to Lyons.
  • Lyons, 53, has been an Executive Vice President and Head of Corporate & Institutional Banking (C&IB) since he joined PNC in October 2011.
  • Prior to PNC, Lyons served as global head of corporate development and strategic planning for Bank of America.

Areteia Therapeutics Announces Additional $75MM in Series A Financing for Oral Dexpramipexole in Eosinophilic Asthma

Retrieved on: 
Tuesday, February 13, 2024
Biotechnology, Pharmaceutical, Health, Maverick Capital, Sanofi, Asthma, Therapy, ARCH Venture Partners, GV, Viking Global Investors, Pharmaceutical industry

Areteia Therapeutics, Inc. (“Areteia”) today announced $75 million in additional Series A financing to support expansion of the current Phase III development program of dexpramipexole in eosinophilic asthma, bringing total Series A funding to $425 million.

Key Points: 
  • Areteia Therapeutics, Inc. (“Areteia”) today announced $75 million in additional Series A financing to support expansion of the current Phase III development program of dexpramipexole in eosinophilic asthma, bringing total Series A funding to $425 million.
  • “We are delighted that leading biotech investors like Viking Global Investors and Marshall Wace have joined the syndicate.
  • Their investment in Areteia further deepens our already strong capitalization position,” said Jorge Bartolome, President and Chief Executive Officer of Areteia.
  • “We are pleased with the strong demand in this investment expansion round as our phase III program in eosinophilic asthma continues to make excellent progress.”

Silicon Box Accelerates Industry Leadership With Production Commencement at its World Leading Advanced Packaging Facility and Series B Fundraising

Retrieved on: 
Monday, January 8, 2024
Dai, Architecture, QFN, Conference, Maverick Capital, LLM, ISSCC, AI, Lam Research, Marvell Technology, LAS, Chiplet, Hillhouse Capital Group, IP, Electronics, SOC, Silicon, STATS, Renewable energy

The company is already forecasting high demand on existing capacity and has successfully closed Series B funding to expand production rapidly.

Key Points: 
  • The company is already forecasting high demand on existing capacity and has successfully closed Series B funding to expand production rapidly.
  • Additionally, Silicon Box's large production format sets a new industry standard for large scale, high yield production especially for advanced chiplet-based designs.
  • Silicon Box announced a successful $200M Series B fundraising round, bringing the company to over a one-billion-dollar valuation.
  • Silicon Box and its technologies are extremely important for the semiconductor industry, and the digital world."

Silicon Box Accelerates Industry Leadership With Production Commencement at Its World Leading Advanced Packaging Facility and Series B Fundraising

Retrieved on: 
Monday, January 8, 2024
Dai, Architecture, QFN, Conference, Maverick Capital, LLM, ISSCC, AI, Lam Research, Marvell Technology, Chiplet, Hillhouse Capital Group, IP, Electronics, SOC, Silicon, STATS, Renewable energy

Company is leading the pack to bring affordable, high performance, power-optimized, scalable solutions that enable next-gen large language models (LLM), generative AI, automotive, data centers, and mobile computing

Key Points: 
  • The company is already forecasting high demand on existing capacity and has successfully closed Series B funding to expand production rapidly.
  • Additionally, Silicon Box's large production format sets a new industry standard for large scale, high yield production especially for advanced chiplet-based designs.
  • Silicon Box announced a successful $200M Series B fundraising round, bringing the company to over a one-billion-dollar valuation.
  • Silicon Box and its technologies are extremely important for the semiconductor industry, and the digital world."

Tenstorrent Raises a $100M Strategic Up-round Co-led by Hyundai Motor Group and the Samsung Catalyst Fund

Retrieved on: 
Thursday, August 3, 2023
Eclipse, Samsung Electronics, Electronics, EVP, Samsung, Hyundai Motor Group, History, Samsung Catalyst Fund, Acquisition, Maverick Capital, GSO, Keller, Silicon, Global strategy, Automotive industry, Medical device, Semiconductor, Boston Dynamics, AI

Tenstorrent sells AI processors and licenses AI and RISC-V IP to customers that want to own and customize their silicon.

Key Points: 
  • Tenstorrent sells AI processors and licenses AI and RISC-V IP to customers that want to own and customize their silicon.
  • Both Hyundai Motor Group and Samsung have a strong history of product leadership and enjoy massive success in their respective markets.
  • "The trust in Tenstorrent shown by Hyundai Motor Group and Samsung Catalyst Fund leading our round is truly humbling," said Jim Keller, CEO of Tenstorrent.
  • "Samsung Catalyst Fund invests in disruptive ideas that we believe can change the world," said Marco Chisari, EVP of Samsung Electronics, Head of Samsung Semiconductor Innovation Center.

Tenstorrent Raises a $100M Strategic Up-round Co-led by Hyundai Motor Group and the Samsung Catalyst Fund

Retrieved on: 
Thursday, August 3, 2023
Eclipse, Samsung Electronics, Electronics, EVP, Samsung, Hyundai Motor Group, History, Samsung Catalyst Fund, Acquisition, Maverick Capital, GSO, Keller, Silicon, Global strategy, Automotive industry, Medical device, Semiconductor, Boston Dynamics, AI

Tenstorrent sells AI processors and licenses AI and RISC-V IP to customers that want to own and customize their silicon.

Key Points: 
  • Tenstorrent sells AI processors and licenses AI and RISC-V IP to customers that want to own and customize their silicon.
  • Both Hyundai Motor Group and Samsung have a strong history of product leadership and enjoy massive success in their respective markets.
  • "The trust in Tenstorrent shown by Hyundai Motor Group and Samsung Catalyst Fund leading our round is truly humbling," said Jim Keller, CEO of Tenstorrent.
  • "Samsung Catalyst Fund invests in disruptive ideas that we believe can change the world," said Marco Chisari, EVP of Samsung Electronics, Head of Samsung Semiconductor Innovation Center.

Coherent Appoints Scott Musson to Drive Significant Growth Through Global Partners & Channels

Retrieved on: 
Thursday, June 8, 2023
VMware, Amazon Web Services, EY, Elastic, PwC, Microsoft, Blue Owl Capital, Cloudera, Maverick Capital, Red Hat, Logic, Azure, OEM, AWS, Coherence, Accenture, Airline, ICarly 2: iJoin the Click!, Capco

Coherent is doubling down on key business partnerships and has significantly grown its partner-led pipeline, all fuelled by the need to transform spreadsheets into a business superpower.

Key Points: 
  • Coherent is doubling down on key business partnerships and has significantly grown its partner-led pipeline, all fuelled by the need to transform spreadsheets into a business superpower.
  • Scott Musson is charged with growing the global partner ecosystem and channel motions at Coherent.
  • “Scott brings world-class expertise, energy, and connectivity that, together with our partners, will help solve critical business challenges for our clients world-wide.”
    “The market potential for Coherent Spark and for our partner ecosystem is almost incalculable,” said Scott Musson.
  • I have been fortunate to be part of some incredible software growth stories and Coherent has the right team at the right time to create a true tech legend.”

Meraki Global Advisors Announces the Appointment of Scott Kurtis as Chief Operating Officer

Retrieved on: 
Wednesday, May 17, 2023
Treasury, BS, SVKM's NMIMS, ACQ, Harris Associates, Risk management, MBA, Kellogg School, Goldman Sachs, Maverick Capital, Investment, PARK, Airline, Journalism, Meraki, Economics, Northwestern University

PARK CITY, N.Y. and HONG KONG, May 17, 2023 /PRNewswire/ -- Meraki Global Advisors (Meraki), a leading global multi-asset outsourced trading firm, today announced that hedge fund veteran Scott Kurtis has joined the firm as Chief Operating Officer.

Key Points: 
  • PARK CITY, N.Y. and HONG KONG, May 17, 2023 /PRNewswire/ -- Meraki Global Advisors (Meraki), a leading global multi-asset outsourced trading firm, today announced that hedge fund veteran Scott Kurtis has joined the firm as Chief Operating Officer.
  • Among his responsibilities, he will be implementing processes and technology that leverage data to drive efficient operations.
  • "In his position as COO, Scott Kurtis will focus on innovation, process improvement and efficiency across our global offices.
  • To date, Kurtis' hedge fund industry career has focused on trading, technology, treasury functions, middle and back-office operations.

BioCatch, the Leading Online Fraud Detection Platform, welcomes Permira Growth Opportunities as a significant shareholder

Retrieved on: 
Wednesday, May 3, 2023
PGO, Growth, TEL, Senior advisor, Intelligence, Fraud, Maverick Capital, Behavior, Bain Capital, Cryptocurrency, Permira

NEW YORK and TEL AVIV, Israel, May 3, 2023 /PRNewswire/ -- BioCatch, the pioneer of behavioral biometrics intelligence and a global leader in digital fraud detection, today announced that Permira Growth Opportunities has acquired a significant minority stake in the company from existing investors, making it the third largest shareholder in the company, following Bain Capital and Maverick Capital. With the support of its shareholders, BioCatch will focus on accelerating opportunities for geographical expansion, product innovation, and potential M&A.

Key Points: 
  • With the support of its shareholders, BioCatch will focus on accelerating opportunities for geographical expansion, product innovation, and potential M&A.
  • "Through our focus on the online fraud detection, customer identity and access management markets, we have long admired BioCatch and have been impressed by the company's performance and offering.
  • We found all of that in BioCatch and believe it is the clear leader in the most critical layer in online fraud detection – behavioral biometrics.
  • We look forward to supporting BioCatch in its next phase of growth," added Ran Maidan, Senior Adviser and Head of Permira in Israel.