Irving-based engineering and construction giant Fluor made a "significant investment" in the startup about a decade ago.
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Business
NuScale made history last year as the first modular reactor to get U.S. Nuclear Regulatory Commission design approval.[Courtesy image: artist’s rendering of NuScale Power’s small modular nuclear reactor plant.]
Fluor-Backed NuScale Power to Go Public Via Dallas SPAC
by Quincy Preston | Dec 14, 2021
NuScale Power, a nuclear small modular reactor tech company in Oregon, plans to go public via a merger with Dallas-based Spring Valley Acquisition Corp. The combined company, NuScale Power Corporation, will have an estimated value of about $1.9 billion.
Irving-based engineering and construction giant Fluor made a "significant investment" in the startup about a decade ago.
Irving-based engineering and construction giant Fluor made a "significant investment" in the startup about a decade ago.
by Alex Edwards |
Dec 14, 2021
iDonate wants to innovate generosity. The company's all-in-one digital fundraising platform is built to boost the impact of nonprofits. Its new funding to scale operations globally follows last year's raise of $8.7 million to expand its tech.
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by Alex Edwards |
Dec 14, 2021
Here are people from American Airlines, Comerica, and Service King who are making moves.
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by Quincy Preston and David Seeley |
Dec 13, 2021
With an initial target raise of $20 million, Ty Lee's Common Dwelling online platform offers everyday Americans a chance to invest in—and profit from—single-family home rentals.
"I wanted to create a platform where people can invest with however much money they have available to them," Lee said. Even if that's as little as $100 or $1,000.
"I wanted to create a platform where people can invest with however much money they have available to them," Lee said. Even if that's as little as $100 or $1,000.
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The sale of Trammell Crow Center was the top DFW CRE deal for 2022. [Photo: Michael Samples]
Global Dermatology Innovator Galderma Moving U.S. Headquarters to Downtown Dallas
by Quincy Preston | Dec 10, 2021
One of the world's largest independent dermatology companies, Galderma's portfolio includes well-known brands such as Cetaphil, Proactiv, Differin, and Restylane. The Swiss company, whose ties to Texas date back to 1961, will call Trammell Crow Center in the Arts District home.
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![MP’s new magnetics facility in Fort Worth's AllianceTexas development will source materials from Mountain Pass, California and aims to help restore a fully integrated U.S. supply chain. [Rendering: MP Materials]](https://s24806.pcdn.co/wp-content/uploads/2021/12/MP-Materials-Fort-Worth-Magnet-Manufacturing-Facility-360x203.jpg)
by Quincy Preston |
Dec 9, 2021
The new magnet manufacturing facility will be the headquarters for MP Magnetics, the company's growing magnetics division.
Production at the new facility could ultimately power 500,000 EV motors each year. MP, which entered a long-term supply agreement with General Motors for rare earth materials and parts, says manufacturing could begin in 2023.
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by Alex Edwards |
Dec 9, 2021
Toyota Insurance Management Solutions, which parked its new headquarters in Plano earlier this year, now offers customers customizable coverage via Toyota Auto Insurance. Flexible options are available for rideshare drivers or pet passengers.
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by Alex Edwards |
Dec 9, 2021
With a minority stake investment from Silver Lake, Integrity plans to accelerate the development and implementation of its omnichannel insurtech platform—the only one of its kind, according to the company. The deal bookends a big year for Integrity: 40 acquisitions in 2020, a downtown Dallas HQ move, and new sales placement set to exceed $7 billion.
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[Photos: ExxonMobil and Materia Inc.]
Irving-Based ExxonMobil Acquires Materia Inc., Plans to Bring Its Nobel Prize-Winning Tech to Scale
by Alex Edwards | Dec 8, 2021
The deal combines Materia’s Nobel Prize-winning hydrocarbon-based materials technology with ExxonMobil’s manufacturing capabilities to commercialize a new class of structural materials. Applications could include everything from wind power turbine blades to EV parts to sustainable construction products.
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by AllianceTexas Mobility Innovation Zone |
Dec 8, 2021
New technologies and fervent consumer demand are creating a burst of growth opportunities; they call for collaboration, investments, and resources for startups.
sponsored by AllianceTexas Mobility Innovation Zone
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by Quincy Preston |
Dec 8, 2021
Dallas-Fort Worth ranked No. 9 for patents out of 250 metros. Patents granted include: Astrapi's communication devices, systems, software and methods employing symbol waveform hopping; BILT's enhanced information delivery during a customer support session; Digital Seat Media's location-based individualized content and mobile wallet offers; IBM's repetitive stress and compulsive anxiety prevention system; Luraco's massage chair with wireless charger, armrest sliding, hammering devices, and oxygen generation; Nanoscope Technologies' optogenetic modulation by multi-characteristic opsins for vision restoration and other applications; T-Mobile USA's streaming conversion; Tankbots' methods for performing tasks in a tank containing hazardous substances; Sherwin-Williams' method for determining coating requirements; and more.
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by Alex Edwards |
Dec 7, 2021
Zirtue's Alternative Payment Solution—operating in stealth mode to Fortune 500 corporate partners since early 2021—is now open to all businesses for consumers to pay their bills. It's a "new level of convenience," CEO and Co-Founder Dennis Cail says: The product gives those who are struggling a way to lean on friends, family, and loved ones to make payments, while providing accountability and trust to the lender.
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From top left: Justin Jones, Angela Marano, Jonathan Clarkson, Jim Dayton, and John Herlihy [Photos: Southwest Airlines]
Southwest Airlines Makes Leadership Changes Across the Company
by Alex Edwards | Dec 6, 2021
The recent appointments span Southwest's operational, marketing, and technology teams.
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by David Seeley |
Dec 6, 2021
Juliana Oliveira and her sister Sara de Oliveira co-founded Athlete-Centric Design to transform pro athletes’ lifestyles—not just with luxury design, but by improving their performance on the field through health and wellness elements. Now they hope to score by having their approach adopted as a best practice in the sports industry nationwide.
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by Alex Edwards |
Dec 6, 2021
Berkshire Partners, which calls Tango a "disruptive innovator," invested in the company whose platform is a “single source of truth for all location information” for sites, stores, offices, production facilities, and leases.
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by Dave Moore |
Dec 6, 2021
Mississauga, Ontario-based Evolve Biologics is a producer of plasma-derived therapeutics. The firm's CEO says the new, state-of-the-art, 200,000-SF Sachse facility "will be the foundation of our future growth and global strategy," with the capacity to process 1 million liters of plasma annually and a planned expansion to 2 million liters.
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