All Updates

All Updates

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Management news
Regulation/policy
Partnerships
Monthly News Summary (July 2023)
Retail Trading Infrastructure
Jul 31, 2023
This week:
M&A
N-able acquires Adlumin for USD 266 million to strengthen cybersecurity offerings
Next-gen Cybersecurity
Today
M&A
Bitsight acquires Cybersixgill for USD 115 million to enhance threat intelligence capabilities
Cyber Insurance
Today
M&A
Snowflake acquires Datavolo to enhance data integration capabilities for undisclosed sum
Generative AI Infrastructure
Today
M&A
Snowflake acquires Datavolo to enhance data integration capabilities for undisclosed sum
Data Infrastructure & Analytics
Today
Product updates
Microsoft launches Copilot Actions for workplace automation
Foundation Models
Yesterday
M&A
Almanac acquires Gro Intelligence's IP assets for undisclosed sum
Smart Farming
Yesterday
Partnerships
Aduro Clean Technologies partners with Zeton to build hydrochemolytic pilot plant
Waste Recovery & Management Tech
Yesterday
Funding
Oishii raises USD 16 million in Series B funding from Resilience Reserve
Vertical Farming
Yesterday
Management news
GrowUp Farms appoints Mike Hedges as CEO
Vertical Farming
Yesterday
M&A
Rise Up acquires Yunoo and expands LMS monetization capabilities
EdTech: Corporate Learning
Yesterday
Retail Trading Infrastructure

Retail Trading Infrastructure

Jul 31, 2023

Monthly News Summary (July 2023)

Management news
Regulation/policy
Partnerships

Partnership

  • Wahed Invest , a UK-based robo-advisory platform offering Shariah-compliant investments, has partnered with UK-registered charitable organization iWaqf to offer a dedicated Islamic endowment offering (i.e., Waqf Fund). Through this partnership, Wahed Invest planned to support the development of innovative product offerings to support charitable causes and grow community donations aligned with Islamic principles (July 24, 2023; company press release ).

Management news

  • Online trading platform Robinhood announced Jordan Dane Sinclair as its new CEO in charge of operations in the UK. Jordan Sinclair has previously served as managing director of Freetrade and held senior management roles at Barclays and Wells Fargo (July 25, 2023; Bloomberg , Yahoo finance ).

Regulation/policy

  • The Securities and Exchange Commission (SEC) proposed limiting investment firms and online brokerages such as Robinhood using AI to generate business, as an initiative to protect consumer interests. The proposed rules will require firms to have written policies, procedures, and record-keeping on the use of AI to prevent violations and breaches of consumer protection laws (July 26, 2023; The Washington Post ).

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