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Company news and community posts, in chronological order
Equitas Small Finance Bank is navigating a leadership transition while working to drive loan growth, restore net interest margins, and strengthen asset quality.
Maersk is laying off 1,000 corporate staff as freight rates fall with the gradual reopening of Red Sea shipping routes.
Munich-based startup Microagi GmbH has raised a $55 million seed round led by Hummingbird to bring AI models into industrial robotics. Northzone also joined the round.
Point72, Steve Cohen's hedge fund valued at $30.6 billion, runs a boot camp every year to assess senior analysts who want to manage part of the fund. The program is part of the firm's work to develop portfolio managers.
Fox has completed its acquisition of Roku, with the $22 billion deal closing ahead of the 2027 target. Roku, Tubi and Fox One now form a new division co-led by Anthony Wood.
UPMC is laying off 200 employees and cutting 300 open positions, mostly in non-clinical roles. It follows a round of 1,000 layoffs two years ago, driven by post-pandemic pressures.
Cribl, a San Francisco-based data infrastructure startup, has raised $319 million in a Series E round led by GV, with GIC also participating, valuing the company at $3.5 billion.
AMS, a Korn Ferry company, has released a new global survey showing that 81% of employers plan to hire more early-career professionals as AI reshapes these roles. The study highlights how important entry-level hiring is for companies' future growth.
Docebo is shifting its focus toward larger enterprise customers as it looks to improve retention and annual recurring revenue per client, and it's moving into skills intelligence with the acquisition of 365Talents. Management has raised its guidance for fiscal 2026.
Sublime Security has raised $60 million in a Series B round to set a new standard for email security. Since its Series A earlier this year, the company has quadrupled its customer base, adding names like Elastic, Benteler and Cribl.
Reformation posted 19.1% sales growth in the third quarter, reaching $173.6 million and beating forecasts. CEO Hali Borenstein highlighted the company's momentum and raised its revenue outlook for 2026.
Ashby, a recruiting platform that helps companies scale hiring from startups to large enterprises, raised $30 million in equity funding, announced on June 3, 2024. The round is part of a Series C.
Millicom International Cellular posted a strong second quarter, with adjusted EBITDA above US$1 billion and record free cash flow, and raised its full-year outlook. Recent acquisitions, Coltel in particular, have helped drive the results.
QuantumDiamonds is working to speed up chip manufacturing, with backing from the European Union. The company operates in semiconductors as Europe pushes to boost chip production.
Paris-based startup Filigran, which focuses on cyber threat management, has raised a $35 million Series B, just months after securing $16 million. The funding is expected to drive the company's expansion.
Innatera has raised a total of $21 million in an oversubscribed Series A round, driven by strong market interest. The funding will speed up mass production of the company's neuromorphic processor, with a target of reaching 1 billion devices by 2030.
Halter, an agtech company based in Boulder, Colorado, has raised $220 million in a Series E round, bringing its valuation to $2 billion. The funding will go toward speeding up the global rollout of its virtual fencing technology for livestock.
London-based insurtech Laka has raised $10.4 million in a Series B round, aiming to reach profitability by the end of next year. The company offers "collective" insurance for bicycles and e-scooters, pooling claims together.
Medtronic has added two new members to its board as activist investor Elliott pushes for more shareholder value. The Ireland-based company supplies health technology.
MSD, along with Eli Lilly and AstraZeneca, has paused or scrapped nearly £2 billion of planned UK investment in 2025, raising concerns about jobs. The move comes amid uncertainty over the British government's plans.