Startup Rise America

🚀 Starting a Startup is a big step, because there are thousand of question going on in our mind, to get answers for such questions - 🤔 " Would you Like to join Startup Brain Storming Camp before starting your own startup" ? To share your startup story write us on - contact@startuprise.io #Startup #Startuppaln #Startupidea #Business

Mory Gharib, a Caltech aeronautics and bioinspired engineering professor, and Alireza Ramezani , a #Northeastern University electrical and computer engineering assistant professor, designed the M4. Morphobot M4 is a remote-controlled or #autonomous scaling functional eVTOL, walkable, and roadable subscale prototype vehicle. M4 Capabilities: Self-driving cars in unexpected environments can seek for and rescue humans. Mobile inverted pendulum balances vertically while stationary or moving with wheels and propellers Use wheels as legs and arms to crawl, lower the fuselage, and fly. To share your startup story write us on - contact@startuprise.io #MorphobotM4 #Caltech #ArtificialIntelligence #AI #MachineLearning #Drone #Tech #Innovation #ML #Robotics

Hardinge Inc. and certain of its U.S. affiliated companies (collectively, “Hardinge” or the “Company”), a global leader and provider of advanced machine tool, manufacturing, and workholding solutions, announced that it has entered into an agreement in principle on an asset purchase agreement (the “APA”) with an affiliate of Centre Lane Partners, LLC to sell substantially all of the Company’s business lines’ operations and assets. The Company has voluntarily initiated chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware (the “Court”) to complete a value-maximizing sale process that is expected to strengthen the financial foundation of Hardinge’s business lines. Only Hardinge Inc.’s U.S. companies have filed for chapter 11 protection. The Company’s international entities are not part of the filing. Foreign and domestic operations are expected to continue as normal. Greg Knight, Chief Executive Officer of Hardinge said, “Today’s news marks an important step forward that will bolster our businesses’ financial foundation, Following the potential transaction, we expect our businesses to maintain their global leadership in providing the advanced solutions our customers rely on. Throughout this process, we are focused on operating in a business-as-usual manner and remain dedicated to delivering with excellence for our customers worldwide.” Quinn M. To share your startup story write us on - contact@startuprise.io #Hardinge #Centrelanepartner #business #financial #substantially #globally #news #agreement #startup

American Startup Funding Roundup | July 22 – July 26 We compile a Weekly Startups Funding News Report summarizing all the startups that secured funding during the week. #weeklyroundup #fundraising #vcfunding #Americanstartup #weeklyfunding #weeklynews #startupfunding #fundingalert #americanbusiness #investment #startup

AR Homes® by Arthur Rutenberg Appoints @Donald L Whetro CEO for AR Franchising, Inc. Company Redefines Strategic Growth to Continue to Lead the Industry AR Franchising, Inc., the prominent 40-year franchisor brand, AR Homes®, named Don Whetro its Chief Executive Officer. This strategic move signals an exciting new chapter for the company as it expands into more markets and enhances its service offerings for existing franchises. Whetro’s ability to identify market trends, adapt to changing customer preferences, and implement innovative strategies earned him a stellar reputation. He leverages over two decades of proven experience in franchising and homebuilding. Previously serving as Chief Operating Officer and Interim Chief Executive Officer for AR Franchising, Inc., Whetro provides an unparalleled understanding of the AR Homes® brand, its core values, and adapting for industry leadership. “Don’s extensive experience and visionary leadership will be instrumental in driving our growth and innovation,” said Steve Rutenberg, Director. “We are confident that under his guidance, the AR Homes® brand will continue to set new standards of excellence in the homebuilding industry.” Future Plans and Vision Under New Leadership Under Whetro’s leadership as CEO, AR Franchising, Inc. aims to redefine its strategic direction, foster innovation, leverage advanced technologies, enhance customer experience, and maintain the highest quality standards in custom homebuilding. Upon his appointment, Whetro commented “It is quite humbling to have the opportunity to lead an iconic brand such as AR Homes®. Homebuyer behavior and preference is rapidly evolving, and I feel we are uniquely positioned to serve the luxury home buyer in new ways and in new markets while still honoring our legacy of innovation, craftsmanship, and local expertise.” About AR Homes® Founded in 1978 by award-winning homebuilder Arthur Rutenberg, AR Homes® is a legendary name in homebuilding, recognized for exceptional home designs, unrivaled elegance, quality craftsmanship, and enduring value. AR Homes® are independently owned and operated franchises in Alabama, Florida, Georgia, Indiana, North Carolina, South Carolina, Tennessee, Texas, and Virginia, with additional homebuilding companies and new home models anticipated to open nationwide. According to Avid Ratings, AR Homes® has consistently ranked in the top 10 percent in terms of customer satisfaction among all builders. #ARHomes #appoints To share your startup story write us on - contact@startuprise.io

#fundingalert 💼Company: RetiSpec 💰Funding: $10 Million USD  ⚡Round: Series A 👥Investors: iGan Partners, Eli Lilly and Company, Topcon Healthcare, Gentex Corporation, Alzheimer's Drug Discovery Foundation, Verge HealthTech Fund, University of Minnesota, Ontario Brain Institute, Centre for Aging + Brain Health Innovation, and private investors Roy Kirshon Alon Hazan Catherine Bornbaum, PhD, MBA Eliav Shaked 🇮🇱 Marcela Jimenez Maïlis Bietenhader, PhD Jennifer Giordano Jared Westreich Nir Oren Yi Ping Lin Justin DiGregorio, MASc Tommaso Alterini Rozana N. Joshua Weeks Tannis Kemp Anastasia Codirenzi, MESc Ze Yuan Li, FSA, CERA Bar Mayo Sydney Hitchon Sophie Grapentine, Ph.D. Matthew Funcke RetiSpec is an AI-based company focused on early detection of neurodegenerative diseases through a simple eye exam. Read more - https://lnkd.in/gCVn8YgB To share your startup story write us on - contact@startuprise.co.uk #RetiSpec #fundraising #healthcare

WesBanco Announces Transformative Merger with Premier Financial Corp.. WesBanco and Premier Financial Corp jointly announced that they have executed a definitive Agreement and Plan of Merger ("Agreement") providing for the merger of Premier with and into WesBanco. Jeff Jackson, President and Chief Executive Officer of WesBanco, and Gary Small, President and Chief Executive Officer of Premier, made the joint announcement. Under the terms of the Agreement, which has been unanimously approved by the board of directors of both companies, WesBanco will exchange shares of its common stock for all of the outstanding shares of Premier common stock, in an all-stock transaction. Premier shareholders will be entitled to receive 0.80 of a share of WesBanco common stock for each share of Premier common stock they own upon the effective time of the merger, for aggregate merger consideration valued at approximately $959 million, or $26.66 per share, based on WesBanco's closing stock price of $33.32 as of July 24, 2024. The transaction values Premier at a price to June 30, 2024 tangible book value per share of 142% and a price to mean analyst estimated 2024 earnings per share of 12.9 times. The merger is expected to qualify as a tax-free reorganization. WesBanco also announced today that it has entered into subscription agreements with investors to raise capital to support the merger, led by a $125 million investment from Wellington Management. Additional investors include Glendon Capital Management LP and Klaros Capital. In aggregate, $200 million of WesBanco common stock will be issued. The capital raise is expected to close on August 1, 2024. The proceeds of the capital raise are expected to support the pro forma bank's balance sheet and regulatory capital ratios. Upon completion of the merger, the shares issued to Premier shareholders are expected to comprise 30% of the outstanding shares of the combined company, the shares issued in the capital raise are expected to represent 8% of the combined company, and 62% of the outstanding shares of the combined company are expected to be held by legacy WesBanco shareholders. With highly compatible cultures and business models, the proposed merger will create a regional financial services institution with approximately $27 billion in assets, significant economies of scale, and strong pro forma profitability metrics. With complementary and contiguous geographic footprints, the combined company would be the 8th largest bank in Ohio, based on deposit market share, have increased presence in Indiana, and serve customers in nine states. Jeff Jackson To share your startup story write us on - contact@startuprise.co.uk #WesBanco

Curbee, a mobile service #technology platform for auto dealers, announced the full nationwide launch of its software-as-a-service platform, making it available to all vehicle manufacturers and dealers in the UnitedStates. The nationwide launch follows a successful limited launch to auto dealers in January. The company also announced that it has closed on additional funding, bringing the total Curbee has raised externally to $12 million. The additional #funding will fuel Curbee’s expansion in the U.S. Curbee was founded and backed by DVx Ventures in 2020, a company creation platform deploying a unique method for launching and scaling startups. Curbee is the first mobile service technology platform that offers an end-to-end mobile service solution to dealers. Curbee, designed and launched by the former Tesla executives who pioneered Tesla’s mobile service program, is also the only mobile service technology platform designed to integrate into existing dealer management software. After successfully demonstrating breakthrough results in customer satisfaction and revenue growth with a direct-to-consumer offering, the Curbee team developed a one-of-a-kind software suite that enables any established dealership to implement a mobile service business within its existing operation. “Our vision at Curbee is to change car care for good,” Curbee CEO Denise Leleux said. “The dealers who have been with us since the beginning of the year are reporting immediate success, to the extent that our investors have injected more funds, allowing us to scale to serve any dealer nationwide.” "I've been looking for a mobile service software solution to properly support our local customers for 15 years, and have reviewed many options," said Brendan Harrington, President of Autobahn Fort Worth. “Curbee is the first solution that checks every proverbial box. We are really excited about what Curbee is doing." Curbee's B2B SaaS platform is the only mobile service platform designed to integrate directly into a dealer's existing dealer management software (DMS). This enables dealerships to conveniently and seamlessly offer a white-labeled mobile service experience that allows easy access for both dealership employees and customers, increasing operational efficiency and customer satisfaction while generating new revenue streams. Curbee's B2B SaaS platform leverages advanced technology such as AI-powered scheduling, predictive maintenance analytics, and personalized customer communication tools. It is the only fully integrated, B2B mobile car-care service platform with a built-in custom portal that allows technicians direct access to training and education programs. Ryan Kelly Denise Laguens Leleux Michael Shand Chris Buller Paul Fulwyler Henry Vogel To share your startup story write us on - contact@startuprise.io #Curbee #B2BSaaSmobile

Casey's General Stores, Inc. , one of the leading convenience store chains in the United States, announced an agreement to acquire Fikes Wholesale, Inc. (“Fikes”), owner of CEFCO Convenience Stores (“CEFCO”), in an all-cash transaction for $1.145 billion. The purchase price includes tax benefits valued at approximately $165 million for a net after-tax purchase price of $980 million. Fikes Wholesale, Inc. and CEFCO Convenience Stores began as a single “filling station” in Cameron, Texas in 1952 and has grown to be a respected operator with stores in multiple states. Casey’s #acquisition of Fikes will include 198 retail stores and a dealer network. The proposed transaction will increase Casey’s footprint to nearly 2,900 stores. The acquisition will bring 148 additional stores to Texas, which is a highly strategic market for Casey’s, as well as 50 stores in the southern states #Alabama, #Florida, and #Mississippi. In addition to the retail stores and dealer locations, the transaction includes a fuel terminal and a commissary to support the Texas stores. Darren Rebelez, Board Chair, President and CEO of Casey’s said, “During our Investor Day presentation in June of 2023, we outlined our business strategy to achieve top-quintile EBITDA growth. One of the core pillars of the plan is to grow the number of units,” “This acquisition will allow Casey’s to accelerate our unit growth plan with high-quality assets that, along with our recent 22 store acquisition in northern Texas, will provide an expanded presence in Texas and allow us to continue to expand in the state and region.” Raymond Smith To share your startup story write us on - contact@startuprise.io #Casey #CEFCO #acquisition #news #startup

#fundingalert 💼Company: Cowbell 💰Funding: $60 Million ⚡Round: Series C 👥Investors: Zurich Insurance Group Cowbell is a pioneer of Adaptive Cyber Insurance, leading the way in providing small and medium-sized enterprises (SMEs) with coverage adaptable to today’s and tomorrow’s threats and the advanced warning of cyber risk exposures. Jack Kudale, Sierra Signorelli, Andrea Collins, Anupam Kumar   Read more - https://lnkd.in/gaan_nZ8 To share your startup story write us on - contact@startuprise.io #Cowbell #CyberInsurance #SME #cyberrisk #fundraising #funding #news #startup