Amit Chowdhry

Apollo announced that funds associated with its Impact and Clean Transition strategies had acquired a majority stake in The State Group (TSG) from Blue Wolf Capital. Blue Wolf, along with existing management shareholders, will retain a minority stake in the business.

NitroVolt, a Danish startup developing green ammonia for farmers, today announced it has raised €3.5 million in seed funding. The participants in the round include BackingMinds, a Swedish early-stage venture capital firm, EIFO, the sovereign wealth fund of Denmark, and EQT Foundation, Satgana, and DivisionM. The Breakthrough Energy Fellowship provided a grant in 2023 and is now following that with an equity investment in the current round. The funding round will be used to build the first on-site container-sized demonstration unit, producing green ammonia from air, water, and clean electricity.

LPL Financial announced that financial advisors Anthony “Tony” Campagni, CFP, Ronald Jurczynski, CPA/PFS, Mitchell Romeo, CPWA, CPFA, Kyle Hancharick, CFP, and Dominic Elmo of Ohio-based Strata Financial Group have joined LPL Financial's broker-dealer, RIA and custodial platforms. The advisors reported serving more than $350 million in advisory, brokerage, and retirement plan assets, and they joined LPL from Osaic.

Global investment firm L Catterton announced that it has invested strategically in WeVets, a leading independent veterinary hospital group in Brazil operating 24-hour centers and diagnostic labs, making high-quality veterinary care more accessible throughout Brazil.

AeroVironment and BlueHalo announced the execution of a definitive agreement under which AV will acquire BlueHalo in an all-stock deal with an enterprise value of approximately $4.1 billion, creating a more diversified global leader in all-domain defense technologies. This company will combine complementary capabilities to offer a comprehensive portfolio of high-growth franchises powered by sophisticated technology and focused on addressing the nation's and allies' most critical priorities and needs worldwide.

Rezonate is a company that empowers organizations to protect their identities by monitoring identity privileges and activity and enabling rapid remediation. Pulse 2.0 interviewed Rezonate CEO and co-founder Roy Akerman to learn more about the company.

Halcyon, a leading platform designed from day one to defeat ransomware, announced today that it had closed $100 million in Series C funding, led by Evolution Equity Partners and with participation from Bain Capital Ventures (BCV), SYN Ventures, Harmony Group, Corner Capital Management, Dropbox Ventures, ServiceNow Ventures, and existing investors.

Kong - a leading developer of cloud API technologies - announced it has closed a $175 million in up-round Series E financing (via mix of primary and secondary transactions) at a $2 billion valuation. This funding round was led by Tiger Global and co-led by new investor Balderton, with additional new participation from Teachers’ Venture Growth (the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan) and 137 Ventures, among others, and continued support from Andreessen Horowitz, Index Ventures, CRV, Sapphire Ventures, and Notable Capital. This brings Kong’s total raised to $345 million.

SurePath AI, a leader in governing generative AI for the enterprise, announced closing a $5.2 million seed funding round led by Uncork Capital with significant participation from Operator Collective, bringing the company's total funding to $6.3 million. And SurePath AI's mission is to enable secure GenAI adoption by detecting usage, mitigating risks, and controlling AI access to enterprise data so that organizations can bolster innovation and productivity.

PointFive, a leading cloud cost optimization platform, announced that it has secured an additional $20 million in Series A funding, bringing the total capital raised to $36 million only 18 months after the company was founded.