Streetbeat News

Partnerships

IPWR

Ideal Power has announced a global distribution agreement with RYOSHO U.S.A., which is expected to expand its market reach and potentially boost sales.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:05 pm

SOUN

SoundHound AI has acquired Amelia, enhancing its position as a leading provider of voice and conversational AI across various industries such as retail, financial services, healthcare, and automotive. The acquisition also brings new customer service contracts from multinational clients.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:01 pm

MRCC

SOUN

SoundHound AI (NASDAQ:SOUN) has acquired Amelia, an enterprise AI software company, for $80 million. This acquisition expands SoundHound's reach into new verticals such as healthcare, financial services, and retail, and brings new partnerships and cross-selling opportunities. Amelia, backed by BuildGroup and Monroe Capital (NASDAQ:MRCC), will now enter the publicly accessible market. The combined company is expected to generate $150 million in revenue by 2025.

Portfolio Pulse from Stjepan Kalinic

August 08, 2024 | 1:00 pm

HYLN

Hyliion Holdings Corp. (NYSE:HYLN) has been awarded a Small Business Innovation Research (SBIR) government contract by the U.S. Navy to create a megawatt-scale concept of its KARNO generator technology. This Phase 1 contract will allow Hyliion to design a modular generator system that meets the Navy's specifications for Unmanned Surface Vessels (USVs).

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:58 pm

BIGC

BLIN

Bridgeline Digital, Inc. (NASDAQ:BLIN) announced that a large retailer of pins and accessories has chosen its AI-powered HawkSearch for their BigCommerce site to increase sales and improve conversion strategies.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:53 pm

NVGS

Navigator Holdings Ltd. (NYSE: NVGS) has invested $2.5 million alongside Attis Clean Energy in Ten08 Energy to develop a clean ammonia production facility on the US Gulf Coast. The project aims to produce ultra-low carbon ammonia by late 2029/early 2030. Navigator has an option to invest up to $100 million at the Final Investment Decision stage.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:49 pm

BKNG

SABR

Sabre Corporation and Priceline have announced an expanded multi-year agreement aimed at driving innovation and growth in travel retailing. This partnership is expected to enhance content for travelers.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:44 pm

GOOGL

S

SentinelOne has announced a new security alliance with Google Cloud, aiming to enhance cloud security solutions.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:39 pm

AMZN

BABA

JD

PDD

Amazon is ramping up its recruitment efforts in China to compete with Chinese e-commerce giants like Temu, Alibaba, and JD.com. The company is hosting events and opening new offices to support Chinese sellers, aiming to offer more affordable products in the U.S. market.

Portfolio Pulse from Anusuya Lahiri

August 08, 2024 | 12:37 pm

NVEI

Nuvei Corporation (NASDAQ:NVEI) has partnered with Scanco Software to enhance Scanco's new Invoice2Payment (i2PAY) solution, improving payment capabilities for warehouse and manufacturing operations.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:36 pm