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Monthly News Summary (October 2023)
Cloud Kitchens
Nov 1, 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
Cloud Kitchens

Cloud Kitchens

View industry hub
Nov 1, 2023

Monthly News Summary (October 2023)

Funding
Partnerships

Funding

  • LANCH, a German developer of virtual food brands, raised EUR 6.5 million (~USD 6.9 million) in a Series A round backed by Felix Capital and HV Capital to expand operations and business reach. (October 12, 2023; TechCrunch )

  • Salted, a developer of virtual restaurant brands, has raised USD 14 million in a Series B round led by Creadev to expand the company’s geographical presence, hire new staff, and expand the product portfolio with acquisitions. The company is currently in the process of acquiring a Mediterranean-inspired food brand. (October 17, 2023; TechCrunch )

Partnership

  • Creating Culinary Communities (C3), a virtual restaurant brand, partnered with TGI Fridays to offer C3’s delivery-only food brand Krispy Rice Sushi at over 140 TGI Fridays locations, with plans to expand the offering to all their US locations (~300) in 2024. (October 16, 2023; Press release )

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