Lightspeed Venture Partners (“Lightspeed”) today announced the closing of more than $9 billion in committed capital across six distinct, highly selective vehicles, including Lightspeed Venture Partners Fund XV-A ($980 million), Lightspeed Venture Partners Fund XV-B ($1.2 billion), Lightspeed Select VI ($1.8 billion), and Lightspeed Opportunity Fund III ($3.3 billion), together with Lightspeed Co-Investment Fund I ($600 million), formed to co-invest alongside Lightspeed-managed vehicles. The fir...
INNIO Group, a leading energy solution and service provider, is collaborating with the U.S. power utility Greenville Electric Utility System (GEUS) on a landmark 104-megawatt (MW) power plant. The new plant is designed to help reinforce grid stability, cover peak loads, and enable greater integration of renewable energy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251211712708/en/Jenbacher J920 FleXtra “This project is a milestone...
In a major step toward advancing pharmaceutical local content and national drug security, BOSTON ONCOLOGY ARABIA and the Local Content & Government Procurement Authority (LCGPA) have signed an agreement to localize the manufacture of two biosimilar medicines within the Kingdom. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251104239476/en/Representatives from the Local Content & Government Procurement Authority (LCGPA) and B...
Scientist.com, the life sciences industry’s leading AI-enabled R&D orchestration platform, and GHO Capital Partners LLP (“GHO”), the specialist private equity investor in global healthcare, today announced the successful closing of GHO’s acquisition of Scientist.com. The transaction marks the beginning of an accelerated expansion phase, strengthening Scientist.com’s mission to transform pharmaceutical R&D by streamlining the entire outsourced research lifecycle. “This is a pivotal mom...
Room to Read, a global education nonprofit nurturing foundational learning skills in children, announced the launch of its inaugural Africa Regional Advisory Board during a joint board session in South Africa last week. The announcement is alongside Room to Read's strategic investment in Africa, with the organization unveiling plans to double its investment in the region through a $75 million fundraising initiative that will expand its programming to at least eight countries and ensure at least...
Pace, the agentic workforce for insurance, was chosen by Prudential’s Individual Life Insurance (ILI) business to help simplify and improve its service delivery. Pace’s AI-powered agents are now streamlining policy servicing and supporting quality assurance efforts within Prudential’s ILI business. The first set of automated systems is now live taking on thousands of hours of work. “Our work with Prudential is an example of how AI can be used as a strategic advantage,” said Pace CEO Jamie Cuf...