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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.
Stan Golubchik, CEO and co-founder of ContraForce [Photo: ContraForce]
North Texas Security Service Delivery Platform ContraForce Closes $3.25M Seed Round
by Lance Murray | Oct 31, 2024
The oversubscribed investment round, which included participation from angels and strategic partners, brings a total of $5.25 million in investment to ContraForce. It said it will use the funding to accelerate the release of new product features and invest in sales and marketing in preparation for a future Series A round.
Dallas-Based Improving Acquires Leniolabs, Boosting Its South American Software Development Services
by Lance Murray |
Oct 31, 2024
Improving said its acquisition of St. Petersburg, Florida-based Leniolabs is expected to increase its annualized revenue to exceed $265 million, while expanding its software development services into South America.
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by Lance Murray |
Oct 30, 2024
With the NCI funding—which follows Piece's $25 million growth financing round announced in September—Pieces will partner with Cleveland-based MetroHealth to deploy a new conversational AI agent for cancer patients called "PiecesChat."
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by Lance Murray |
Oct 30, 2024
With offices in Dallas, Tel Aviv, and London, Verax AI develops enterprise-grade software solutions that provide visibility and control of AI in production. Its newly launched Verax Control Center aims to enable "trustworthy and responsible AI," mitigating factual errors and hallucinations in real time.
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Image: everythingpossible/iStock
North Texas’ CorroHealth Snags Strategic Investment from Patient Square Capital
by Lance Murray | Oct 28, 2024
Plano-based CorroHealth said that current shareholders, including investment funds affiliated with global investment firm Carlyle, TT Capital Partners, Sanaka Group, and CorroHealth management, will remain investors.
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by David Seeley |
Oct 28, 2024
River Central—a planned 400-acre mixed-use development—is slated to spread along the meandering Trinity River through Fort Worth and Grand Prairie south of DFW Airport.
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by Lance Murray |
Oct 24, 2024
TxN 20 recognizes the best and most innovative work in conservation coming from businesses based or operating in Texas. Texan by Nature Founder and former First Lady Laura Bush called the honorees "pioneers, collaborators, and changemakers."
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by Lance Murray |
Oct 24, 2024
Founded in 2016, Chicago-based GHOST is a lifestyle sports nutrition business with a portfolio anchored by GHOST Energy, a leading ready-to-drink energy brand.
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Sonara Health CEO Michael Giles, M.D. [Images: LinkedIn/Sonara Health]
Sonara Health Gets $2.5M NIDA Grant to Advance Remote Methadone Treatment
by Lance Murray | Oct 22, 2024
The $2.5 million Small Business Innovation Research (SBIR) grant awarded by the National Institute on Drug Abuse will fund the second phase of Sonara's Remote Observed Methadone Evaluation study, the company said.
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by Lance Murray |
Oct 22, 2024
Mo' Bettahs is a fast casual concept that serves what it calls "an authentic Hawaiian plate lunch." Both Savory Fund and Mo' Bettahs' founders—Hawaii-born brothers Kimo and Kalani Mack—will retain significant minority stakes in the company, which operates 56 stores across seven states.
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by Lance Murray |
Oct 22, 2024
With 2,000 employees across more than 40 offices and eight video monitoring centers, Addison-based Stealth Monitoring says it monitors more than 100,000 cameras every night, resulting in "the deterrence of more than 50,000 criminal activities, more than 1,000 arrests, and the analysis of roughly 70,000 customer videos annually."
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by Lance Murray |
Oct 21, 2024
The companies said the assets will be integrated into California-based AXON's network-as-a-service portfolio, while DZS now will concentrate on its networking, connectivity, and cloud edge business.
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Embraer's regional E190 E-Jet. [Photo: Embraer]
Brazil’s Embraer To Invest up to $70M in New Regional Jet Facility at Fort Worth’s Perot Field
by Lance Murray | Oct 16, 2024
The company said it expects to begin operations in an existing hangar next year while building a second hangar that should be finished by 2027 to support its growing fleet of regional E-Jets.
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by Lance Murray |
Oct 15, 2024
Apex said the strategic acquisition will greatly enhance its digital investment solutions by incorporating FinTron’s customizable and embedded capabilities.
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by Lance Murray |
Oct 15, 2024
DataBank—which recently announced a planned 480MW data center campus south of Dallas—said the capital raise was oversubscribed and, in addition to the $1.5 billion from AustralianSuper, included another $483 million in commitments from "existing investors."
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by Lance Murray |
Oct 10, 2024
Having worked together for 20 years, Tampa-based Carnahan Group will add its automated platforms to VMG Health's comprehensive suite of solutions, the companies said.
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