From restaurant robots to military tech, Steven Simoni and co-founder Luke Allen have pivoted Silicon Valley marketing skills into defense innovation. Their company, Allen Control Systems, is developing AI-powered anti-drone systems, including the Bullfrog, a turret capable of shooting drones out of the sky. With $40 million in funding, including backing from Craft Ventures, the...
London-based hedge fund Eisler Capital has announced it will shut down its multi-strategy fund by year-end, alongside other investment vehicles and its management operations. The decision follows disappointing performance and rising costs, including challenges in attracting and retaining experienced talent. The fund, which managed over $4 billion in 2024, posted a year-to-date loss of 1.7%...
Asia (excluding China) has drawn approximately $100 billion in capital inflows over the past nine months as global investors diversify away from the U.S., according to Kevin Sneader, Goldman Sachs President for Asia-Pacific ex-Japan, speaking at the Milken Institute Asia Summit 2025. While Japan has been a major beneficiary, China’s equity rally remains primarily domestically...
Activist investors have had their busiest quarter ever, launching 61 campaigns globally in Q3, according to new Barclays data. This marks a sharp increase from 36 campaigns a year ago and even surpasses the previous quarter’s 60 campaigns. The surge was driven by heightened market volatility earlier in the year, as investors responded to tariffs...
Vercel, the U.S.-based cloud platform that enables developers to build and deploy scalable websites, has raised $300 million in an oversubscribed Series F round, valuing the company at $9.3 billion. The round was co-led by Accel and Singapore’s sovereign wealth fund GIC, with participation from BlackRock, StepStone, and Khosla Ventures. Driven by growing reliance on...
Fermi, a data center REIT co-founded by former U.S. Energy Secretary Rick Perry, is aiming for a $13.16 billion valuation in its U.S. IPO. The Amarillo, Texas-based REIT plans to raise up to $550 million by offering 25 million shares priced between $18 and $22 each. Dubbed Project Matador, Fermi’s flagship initiative seeks to deliver...