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Lucidworks Raises $100 Million from Francisco Partners, TPG Sixth Street Partners, and Top Tier Capital Partners

Lucidworks Raises $100 Million from Francisco Partners, TPG Sixth Street Partners, and Top Tier Capital Partners

SAN FRANCISCO, Aug. 12 (Korea Bizwire) – Lucidworks, a leader in AI-powered search solutions, today announced a $100 million investment from investors including Francisco Partners, a global technology-focused private equity fund, and TPG Sixth Street Partners, a global finance and investment firm. With the investment, Francisco Partners and TPG Sixth Street Partners join Top Tier Capital Partners, Shasta [...]

Robo-Advisors’ One-Year Return Rate Surpasses Benchmark Stock

Robo-Advisors’ One-Year Return Rate Surpasses Benchmark Stock

SEOUL, Aug. 9 (Korea Bizwire) — Despite this year’s bear market, robo-advisors (RA) have achieved a return rate that surpassed benchmarks in comparison. Robo-advisors, a combination of the words ‘robot’ and ‘advisor,’ automate the distribution of investment assets through computer algorithms. According to Koscom Corp., South Korea’s technology developer for brokerage houses, the rate of [...]

FreshBooks Announces Strategic Investment from JPMorgan Chase

FreshBooks Announces Strategic Investment from JPMorgan Chase

Toronto, CANADA, Aug. 7 (Korea Bizwire) – FreshBooks, a leading small business accounting software in America, with paying customers in 160 countries, today announced JPMorgan Chase & Co. (NYSE: JPM) has made a strategic investment in the company. Since 2004, FreshBooks has helped more than 20 million people and established itself as one of the world’s [...]

S. Korea to Spend 7.8 tln Won for Stable Supply of 100 Key Strategic Items

S. Korea to Spend 7.8 tln Won for Stable Supply of 100 Key Strategic Items

SEOUL, Aug. 5 (Korea Bizwire) — South Korea said Monday it will spend 7.8 trillion won (US$6.47 billion) over the next five years to nurture its materials, parts and equipment sectors and trim its dependence on Japanese imports in the latest move to cope with the neighbor’s economic retaliation. The move to boost R&D for [...]

Civic Groups Raise Voices as Gangwon Province Struggles with Legoland Investment

Civic Groups Raise Voices as Gangwon Province Struggles with Legoland Investment

SEOUL, Jul. 30 (Korea Bizwire) — Gangwon Province is deeply concerned about paying 60 billion won (US$50.7 million) to invest in Chuncheon Legoland, as civic groups are adding pressure on the Provincial Council to reconsider the project. “The Legoland project, ensuing for the last eight years, is what civil society is strongly calling on to [...]

Quanta Raises $48 Million in Series C Funding Round

Quanta Raises $48 Million in Series C Funding Round

Alcester, Warwickshire, UK, Jul. 29 (Korea Bizwire) - Quanta Dialysis Technologies Ltd (“Quanta” or the “Company”), a British medical technology company developing a personal haemodialysis system (SC+) for patient use in the clinic and the home, today announces that it has successfully raised £38 million ($48 million) in a first closing of its Series C funding [...]

WorkForce Software Announces Strategic Growth Investment from Evergreen Coast Capital

WorkForce Software Announces Strategic Growth Investment from Evergreen Coast Capital

LIVONIA, Mich., Jun. 24 (Korea Bizwire) — WorkForce Software®, a leading global provider of cloud-based workforce management solutions, announced today a significant equity investment from affiliates of Evergreen Coast Capital Corp. (“Evergreen”), the technology-focused private equity arm of Elliott Management Corporation. With the investment, Evergreen will become equal partners with Insight Partners, which has been [...]