Maverick Capital

Thintronics Inc. Closes $23M Series A Financing Round Led by Maverick Capital and Translink Capital

Retrieved on: 
Monday, April 29, 2024
Mobile, Wireless, Supply Chain Management, Networks, Professional Services, Hardware, Consumer Electronics, Technology, Artificial Intelligence, Semiconductor, Retail, Engineering, Finance, Manufacturing, Consumer, Ecosystem, PCB, Acceleration, AI, Communication, MMW, Maverick Capital, Electronics, RF, Translink, Multimedia, Infrastructure, Inc., Printed circuit board

has raised a Series A funding round for $23M, led by Maverick Capital and Translink Capital .

Key Points: 
  • has raised a Series A funding round for $23M, led by Maverick Capital and Translink Capital .
  • The company was founded on the idea that conventional assumptions guiding insulator material development limited the capacity of the industry to innovate.
  • Maverick Capital is a global investment firm that has been investing in early-stage companies for over 30 years.
  • Headquartered in Palo Alto, California, Translink Capital is an early-stage venture capital firm investing in technology-based startups in the enterprise, infrastructure, sustainability, and robotics sectors.

Auradine Raises $80 Million in Oversubscribed Series B Financing and Achieves $80 Million in Bookings

Retrieved on: 
Wednesday, April 10, 2024
Bitcoin, Immersion, Investment, AI, Silicon, Blockchain, Growth, Application-specific integrated circuit, Maverick Capital, MVP, General partnership, Mayfield (company), StepStone Group, Miner, Atmosphere, Marathon Digital, Philosophy, Cryptocurrency

This Series B funding follows Auradine’s $81 million Series A, led by Celesta Capital and Mayfield in 2022.

Key Points: 
  • This Series B funding follows Auradine’s $81 million Series A, led by Celesta Capital and Mayfield in 2022.
  • Auradine started with a mission to disrupt the blockchain market with its revolutionary Teraflux™ family of Bitcoin ASIC Miners.
  • Auradine has delivered leading-edge ASICs and solutions with the world's fastest miners, setting new performance and energy efficiency benchmarks.
  • As a result, Auradine has achieved bookings of $80M along with a robust order pipeline of over $200 million and is continuing to grow its customer base globally.

SiMa.ai Secures Funds and Readies New Generative Edge AI Platform

Retrieved on: 
Thursday, April 4, 2024
Security, IOT (Internet of Things), Technology, Software, Networks, Artificial Intelligence, Hardware, Speech, GM, Sound, Zebu, Partnership, Deep learning processor, The Next Chapter, Second generation, EDA, Embedded, SVP, Conceptual model, Blog, Business development, Lip-Bu Tan, AI, System, Human, Senior, Architecture, IP, Booth, Maverick Capital, Ecosystem, Machine learning, SNPS, TSMC, Silicon, Medical device

With the release of the second-generation MLSoC, SiMa.ai will unveil one software-centric platform for all edge AI .

Key Points: 
  • With the release of the second-generation MLSoC, SiMa.ai will unveil one software-centric platform for all edge AI .
  • SiMa.ai’s ‘one platform for all edge AI’ scales with customers as their AI/ML journey evolves, from computer vision, to transformers to multimodal generative AI.
  • “AI — particularly the rapid rise of generative AI — is fundamentally reshaping the way that humans and machines work together.
  • For more information on SiMa.ai’s one software-centric platform for all edge AI, please read The Next Chapter at SiMa.ai: One Platform for All Edge AI on the SiMa.ai blog.

PNC Appoints Michael P. Lyons President

Retrieved on: 
Tuesday, February 20, 2024
National Association, PNC Financial Services, RBC Bank, Bank, Strategic planning, Growth, Boy, UPMC, University, Treasury, Pittsburgh Parks Conservancy, BBVA, BBVA USA, Maverick Capital, PNC, Corporation, Bank of America

PITTSBURGH, Feb. 20, 2024 /PRNewswire/ -- The PNC Financial Services Group (NYSE: PNC) today announced that its Board of Directors has unanimously appointed Michael P. Lyons president of the corporation and its wholly owned banking subsidiary, PNC Bank, National Association, effective immediately.

Key Points: 
  • PITTSBURGH, Feb. 20, 2024 /PRNewswire/ -- The PNC Financial Services Group (NYSE: PNC) today announced that its Board of Directors has unanimously appointed Michael P. Lyons president of the corporation and its wholly owned banking subsidiary, PNC Bank, National Association, effective immediately.
  • PNC's primary operating lines of business and the Regional Presidents Office will report to Lyons.
  • Lyons, 53, has been an Executive Vice President and Head of Corporate & Institutional Banking (C&IB) since he joined PNC in October 2011.
  • Prior to PNC, Lyons served as global head of corporate development and strategic planning for Bank of America.

Areteia Therapeutics Announces Additional $75MM in Series A Financing for Oral Dexpramipexole in Eosinophilic Asthma

Retrieved on: 
Tuesday, February 13, 2024
Biotechnology, Pharmaceutical, Health, Maverick Capital, Sanofi, Asthma, Therapy, ARCH Venture Partners, GV, Viking Global Investors, Pharmaceutical industry

Areteia Therapeutics, Inc. (“Areteia”) today announced $75 million in additional Series A financing to support expansion of the current Phase III development program of dexpramipexole in eosinophilic asthma, bringing total Series A funding to $425 million.

Key Points: 
  • Areteia Therapeutics, Inc. (“Areteia”) today announced $75 million in additional Series A financing to support expansion of the current Phase III development program of dexpramipexole in eosinophilic asthma, bringing total Series A funding to $425 million.
  • “We are delighted that leading biotech investors like Viking Global Investors and Marshall Wace have joined the syndicate.
  • Their investment in Areteia further deepens our already strong capitalization position,” said Jorge Bartolome, President and Chief Executive Officer of Areteia.
  • “We are pleased with the strong demand in this investment expansion round as our phase III program in eosinophilic asthma continues to make excellent progress.”

Silicon Box Accelerates Industry Leadership With Production Commencement at its World Leading Advanced Packaging Facility and Series B Fundraising

Retrieved on: 
Monday, January 8, 2024
Dai, Architecture, QFN, Conference, Maverick Capital, LLM, ISSCC, AI, Lam Research, Marvell Technology, LAS, Chiplet, Hillhouse Capital Group, IP, Electronics, SOC, Silicon, STATS, Renewable energy

The company is already forecasting high demand on existing capacity and has successfully closed Series B funding to expand production rapidly.

Key Points: 
  • The company is already forecasting high demand on existing capacity and has successfully closed Series B funding to expand production rapidly.
  • Additionally, Silicon Box's large production format sets a new industry standard for large scale, high yield production especially for advanced chiplet-based designs.
  • Silicon Box announced a successful $200M Series B fundraising round, bringing the company to over a one-billion-dollar valuation.
  • Silicon Box and its technologies are extremely important for the semiconductor industry, and the digital world."

Silicon Box Accelerates Industry Leadership With Production Commencement at Its World Leading Advanced Packaging Facility and Series B Fundraising

Retrieved on: 
Monday, January 8, 2024
Dai, Architecture, QFN, Conference, Maverick Capital, LLM, ISSCC, AI, Lam Research, Marvell Technology, Chiplet, Hillhouse Capital Group, IP, Electronics, SOC, Silicon, STATS, Renewable energy

Company is leading the pack to bring affordable, high performance, power-optimized, scalable solutions that enable next-gen large language models (LLM), generative AI, automotive, data centers, and mobile computing

Key Points: 
  • The company is already forecasting high demand on existing capacity and has successfully closed Series B funding to expand production rapidly.
  • Additionally, Silicon Box's large production format sets a new industry standard for large scale, high yield production especially for advanced chiplet-based designs.
  • Silicon Box announced a successful $200M Series B fundraising round, bringing the company to over a one-billion-dollar valuation.
  • Silicon Box and its technologies are extremely important for the semiconductor industry, and the digital world."

Tenstorrent Raises a $100M Strategic Up-round Co-led by Hyundai Motor Group and the Samsung Catalyst Fund

Retrieved on: 
Thursday, August 3, 2023
Eclipse, Samsung Electronics, Electronics, EVP, Samsung, Hyundai Motor Group, History, Samsung Catalyst Fund, Acquisition, Maverick Capital, GSO, Keller, Silicon, Global strategy, Automotive industry, Medical device, Semiconductor, Boston Dynamics, AI

Tenstorrent sells AI processors and licenses AI and RISC-V IP to customers that want to own and customize their silicon.

Key Points: 
  • Tenstorrent sells AI processors and licenses AI and RISC-V IP to customers that want to own and customize their silicon.
  • Both Hyundai Motor Group and Samsung have a strong history of product leadership and enjoy massive success in their respective markets.
  • "The trust in Tenstorrent shown by Hyundai Motor Group and Samsung Catalyst Fund leading our round is truly humbling," said Jim Keller, CEO of Tenstorrent.
  • "Samsung Catalyst Fund invests in disruptive ideas that we believe can change the world," said Marco Chisari, EVP of Samsung Electronics, Head of Samsung Semiconductor Innovation Center.

Tenstorrent Raises a $100M Strategic Up-round Co-led by Hyundai Motor Group and the Samsung Catalyst Fund

Retrieved on: 
Thursday, August 3, 2023
Eclipse, Samsung Electronics, Electronics, EVP, Samsung, Hyundai Motor Group, History, Samsung Catalyst Fund, Acquisition, Maverick Capital, GSO, Keller, Silicon, Global strategy, Automotive industry, Medical device, Semiconductor, Boston Dynamics, AI

Tenstorrent sells AI processors and licenses AI and RISC-V IP to customers that want to own and customize their silicon.

Key Points: 
  • Tenstorrent sells AI processors and licenses AI and RISC-V IP to customers that want to own and customize their silicon.
  • Both Hyundai Motor Group and Samsung have a strong history of product leadership and enjoy massive success in their respective markets.
  • "The trust in Tenstorrent shown by Hyundai Motor Group and Samsung Catalyst Fund leading our round is truly humbling," said Jim Keller, CEO of Tenstorrent.
  • "Samsung Catalyst Fund invests in disruptive ideas that we believe can change the world," said Marco Chisari, EVP of Samsung Electronics, Head of Samsung Semiconductor Innovation Center.

Coherent Appoints Scott Musson to Drive Significant Growth Through Global Partners & Channels

Retrieved on: 
Thursday, June 8, 2023
VMware, Amazon Web Services, EY, Elastic, PwC, Microsoft, Blue Owl Capital, Cloudera, Maverick Capital, Red Hat, Logic, Azure, OEM, AWS, Coherence, Accenture, Airline, ICarly 2: iJoin the Click!, Capco

Coherent is doubling down on key business partnerships and has significantly grown its partner-led pipeline, all fuelled by the need to transform spreadsheets into a business superpower.

Key Points: 
  • Coherent is doubling down on key business partnerships and has significantly grown its partner-led pipeline, all fuelled by the need to transform spreadsheets into a business superpower.
  • Scott Musson is charged with growing the global partner ecosystem and channel motions at Coherent.
  • “Scott brings world-class expertise, energy, and connectivity that, together with our partners, will help solve critical business challenges for our clients world-wide.”
    “The market potential for Coherent Spark and for our partner ecosystem is almost incalculable,” said Scott Musson.
  • I have been fortunate to be part of some incredible software growth stories and Coherent has the right team at the right time to create a true tech legend.”