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Business
A "blurry before" and "sharp after" example of Topaz Labs' Gigapixel AI software. [Image: Topaz Labs]
Topaz Labs Is Expanding Its Addison HQ, Plans 130 New Tech Jobs
by David Seeley | Jan 16, 2025
Founded in the CTO's guest bedroom in 2006, Addison-based Topaz Labs has enhanced over 1 billion photos worldwide with its "one-click," deep learning-based image and video editing software. With a $200K grant from the town of Addison, it's nearly tripling the size of its HQ as it sharpens its focus toward growth.
by Lance Murray |
Jan 15, 2025
Heather Bennett, president, Stacey Shively, chief merchandising officer, and CFO Perry Pericleous have been appointed to lead the interim Office of the CEO at the Irving-based Michaels Companies.
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by Lance Murray |
Jan 15, 2025
The company said the raise encompassed new primary equity from funds managed by Macquarie Asset Management, alongside multiple large global investors with significant experience in digital infrastructure.
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by Lance Murray |
Jan 15, 2025
Partners Capital, with over $60 billion in assets under management, said its new Dallas office reinforces its long-standing commitment to local endowments, foundations, family offices, and private clients.
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Ben Lamm at the Colossal Lab in Dallas. [Photo: Colossal Biosciences]
Dallas’ Colossal Biosciences Becomes Texas’ First Decacorn, Securing $10.2B Valuation With Series C Funding
by Quincy Preston | Jan 15, 2025
Best known for its moonshot mission to revive the woolly mammoth, Colossal Biosciences has secured $200 million in Series C funding led by TWG Global. The world's first de-extinction company, founded in 2021 by entrepreneur Ben Lamm and renowned Harvard geneticist George Church, Colossal Biosciences is working to restore Earth's lost biodiversity, "making science fiction into science fact."
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by Dallas Innovates | Staff Report |
Jan 15, 2025
Dallas-Fort Worth ranked No. 11 for patent activity out of 250 metros for the week of Dec. 10 with a total of 127 patents granted.
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by Lance Murray |
Jan 14, 2025
Based in Philadelphia and founded in 1939, Thalheimer is a non-ferrous scrap metal processor of copper, brass, stainless steel, and other metals, selling to foundries, refiners, and mills globally. It acquired Phoenix-based Mega Metals in 2018.
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by Lance Murray |
Jan 14, 2025
CRAFT's first U.S. location—featuring more than 100 beers on tap "including local Texas brews"—is coming to Dallas' Preston Center. In 2019, its founder, PJ L’Heureux, partnered with Tom Gaglardi, owner of the Dallas Stars and the Moxies Restaurants, setting the stage for expansion into the U.S. market.
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A coworking space at Industrious Seattle. [Photo: Industrious]
CBRE Group To Acquire NYC-Based Coworking Company Industrious, Valuing It at $800M
by Lance Murray | Jan 14, 2025
Dallas-based CBRE had previously invested in Industrious—a flexible workspace provider with more than 200 units across over 65 cities—through a roughly 40% equity interest and a $100 million convertible note. CBRE said it will acquire the remaining equity stake in Industrious for around $400 million.
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by Quincy Preston and David Seeley |
Jan 14, 2025
PR&A's portfolio surged to $9 billion in property condition assessments last year, including a landmark KKR-Blackstone student housing deal, building on $17 billion in development advisory work in 2023. Newly appointed co-presidents Michael Raybon and Justin Lia tell Dallas Innovates about their firm's expansion into Asset Management Support—a vertical designed to address a market gap in the property ownership lifecycle.
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by Quincy Preston |
Jan 14, 2025
Digital marketing veteran James Loomstein shares why startups need to focus on core business problems, not quick-fix marketing tactics. Here are key insights from 10 years teaching at SMU Cox.
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by Lance Murray |
Jan 13, 2025
Motorola Solutions has agreed to buy Richardson-based Theatro Labs Inc., a maker of AI and voice-controlled communication and digital workflow software for frontline workers.
“For more than a decade, we have been passionate about innovating for frontline workers,” Theatro President and CEO Chris Todd said in a statement....
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Mike Rawls (left) and Chris Marshall [Photos: Mr. Cooper Group]
Mr. Cooper Group Announces CEO Transition at Lewisville-Based Xome
by Lance Murray | Jan 11, 2025
The largest home loan servicer in the country, Mr. Cooper focuses on delivering a variety of servicing and lending products, services, and technologies.
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by Lance Murray |
Jan 11, 2025
Kim Tzoumakas has been named the new CEO of Plano-based pharmacy services company Maxor National Pharmacy Services, which simultaneously announced a “strategic combination” with pharmacy management firm ProxsysRx....
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by Lance Murray |
Jan 10, 2025
A pair of longtime leaders at Dallas-based Southwest Airlines Co. announced they plan to retire, effective April 1. The departing managers—Executive Vice President and Chief Financial Officer Tammy Romo and Chief Administration Officer Linda Rutherford—both are much-lauded executives who’ve been with the company co-founded by Herb Kelleher for more than three decades....
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by Dallas Innovates | Staff Report |
Jan 10, 2025
Governor Greg Abbott has named six individuals to the Trinity River Authority Board of Directors, including two North Texans, Megan Deen of Fort Worth and Cathy Altman of Midlothian, according to a news release from the governor’s office....
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