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Follow the Money
News on capital raises, mergers and acquisitions, private equity, and grant funding across Dallas-Fort Worth. From early-stage funding to public exits, here’s a look at deals making business news in the region.
![From left: Co-founder and CEO Mike Fey and co-founder and chief technology officer Dan Amiga. [Image: Islands]](https://s24806.pcdn.co/wp-content/uploads/2022/03/Islands-co-founders-Mike-Fey-Dan-Amiga-940x436.jpg)
From left: Island Co-Founder and CEO Mike Fey and Co-Founder and Chief Technology Officer Dan Amiga. [Photo: Island Technology]
Dallas-Based Island Valued at $4.5B Following Latest Funding Round
by David Seeley | Feb 12, 2025
New funding led by New York-based Coatue Management has turned Island—a pioneering category leader in cyber-secure enterprise browsers—into a quadruple unicorn. The move comes just three years after Island emerged from stealth with a game-changing browser, over 100 employees, and nearly $100 million in funding.
by Lance Murray |
Feb 12, 2025
“We have been working to build a platform at the intersection of technology and marketing services in this growing and highly fragmented industry for several years,” Trinity Hunt Partner George Morgan says.
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by Lance Murray |
Feb 11, 2025
The Hunt Energy Enterprises' spinout founded in 2019 says it has developed a cost-effective means to produce single-crystalline cathode active materials for lithium-ion batteries.
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by Lance Murray |
Feb 9, 2025
Dallas-based distribution company Building Controls & Solutions has been acquired by Platte River Equity, a Denver private equity firm. The seller was Fort Worth-based LKCM Headwaters Investments, which founded BCS in 2019.
Terms of the deal weren’t disclosed.
Platte River makes control investments in North American industrial companies.
BCS, which has 24 branches across the United States and Canada, is a value-added distributor of building controls, automation, gas detection, and energy management solutions for commercial buildings....
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Tim Pratte, CEO of Selerix (left) and Joe Fernandez, president and CEO of TBX [Photos: LinkedIn]
McKinney’s Selerix Acquires Plano-Based TBX, Creating an ‘All-in-One’ Benefits Administration Platform
by Lance Murray | Feb 6, 2025
Selerix said the addition of The Benefits eXpert will enable it to create a cutting-edge, all-in-one SaaS benefits platform to help employees learn more about their benefits and drive deeper engagement for employers.
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Fort Worth’s Rainwater Charitable Foundation Awards $600K to 2 Neurodegenerative Disease Researchers
by David Seeley |
Feb 6, 2025
The foundation's annual Rainwater Prizes honor researchers worldwide who are advancing discoveries for diseases caused by tau protein accumulations in the brain. This year's winners include a professor at the University of Gothenburg in Sweden and an Early-Career Scientist honoree at Brown University.
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by Lance Murray |
Feb 5, 2025
Along with the addition of CEO Peter Miele and CMO Greg Pope—both former Thomson Reuters executives—the funding round will accelerate Qount’s growth and its investments in AI to continue automating practice management and service delivery workflows, the company said.
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by Lance Murray |
Feb 5, 2025
The creator of the AI-led intelligent automation platform Krista had announced a $15 million equity round in 2022 tied to its Series A. The new funding is slated for R&D, advancing Krista’s AI capabilities, and strengthening its market position globally, the company said.
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SuperOps' founders: Arvind Parthiban, CEO, and Jayakumar Karumbasalam, CPO and CTO. [Photo: SuperOps]
India- and Dallas-Based SuperOps Raises $25M Series C, Enters IT Market
by David Seeley and Lance Murray | Feb 4, 2025
SuperOps—which opened its U.S. office in Dallas last May—said it intends to use the new funding to expand its AI research and development, scale its offerings for mid-market and enterprise MSPs, and further extend its global reach.
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by Lance Murray |
Jan 30, 2025
The companies have worked together in the logistics real estate sector since 2020, focusing on last-mile industrial properties and distribution centers. The newly acquired portfolio with strategic assets across Dallas, Las Vegas, Cincinnati, and Pennsylvania is 92% leased to 68 tenants, including prominent names such as Amazon, Red Bull, and Packaging Corporation of America.
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by Lance Murray |
Jan 30, 2025
DataBank—a data center company providing edge colocation, interconnection, and managed services—said the new funding resulted from "excess investor interest" in its recent $2 billion primary equity round. Total debt and equity raised by DataBank in the past 18 months: nearly $5 billion.
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by Lance Murray |
Jan 29, 2025
Backed by SYN Ventures, Picus Capital, and others, Conifers.ai says its CognitiveSOC platform enables customers to use agentic AI as a "force multiplier" to rapidly investigate security incidents at scale with the tools and portals they already have.
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Skyven Arcturus electrifies steam production, generating boiler-quality steam with zero on-site emissions. [Photo: Skyven Technologies]
North Texas’ Skyven Inks $70M Agreement with France’s Kyotherm to Advance Industrial ‘Decarbonization’
by Lance Murray | Jan 29, 2025
The co-development and project finance agreement will accelerate deployment of Skyven's cutting-edge, "decarbonizing" heat-pump technology at industrial manufacturing facilities, reducing emissions and improving air quality in local communities.
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by Lance Murray |
Jan 28, 2025
Qsic recently announced a partnership with Irving-based 7-Eleven to roll out "Gulp Radio" in 12,000 stores by the end of 2025. The Australian company has an office in Dallas, where its co-founder and CEO is leading Qsic's North America business growth.
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by Lance Murray |
Jan 28, 2025
TrailRunner, a Southlake-based strategy and communications advisory firm, will add more than 80 full-time professionals across eight global offices to PPHC's network, strengthening the Washington, D.C.-based firm's offerings in fields including sports and financial communications.
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by Lance Murray |
Jan 27, 2025
Aiming to safeguard national security using advanced AI, cybersecurity experts at the University of North Texas have received $3 million from the Department of Defense to help the department overhaul its hiring processes....
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