Elemental Cognition, a company that provides a generative AI that combines large language models (LLMs) with a variety of other AI techniques, raises $60MM Series B from Bridgewater Associates.
Generative AI • West New York, NY • Post-Money Valuation
Innovac Therapeutics, a company developing vaccines for patients with unmet medical needs, raises $18MM Pre-Series A from Elikon Venture.
Drug Research • Cambridge, MA • Post-Money Valuation
Timken acquires Des-Case, a manufacturer of specialty filtration products for industrial lubricants.
Filtration • Goodlettsville, TN • Deal
Applied Industrial Technologies acquires Bearing Distributors, a company that provides bearings, conveyors, power transmission components, motors, controls, and material handling equipment.
Material Handling Equipment • Columbia, SC • Deal
Applied Industrial Technologies acquires Cangro Industries, a full service supplier of Electro/Mechanical power transmission products, industrial components and motion control systems.
Industrial Products • Farmindale, NY • Deal
Volaris acquires RAF Technology, a company that develops advanced pattern and image recognition, intelligent information extraction and data verification solutions.
SaaS • Redmond, WA • Deal
GemSpring Capital acquires Midland Industries, a company that supplies brass fittings, valves and plumbing accessories.
Valves & Fittings • Kansas City, MO • Deal
Watts Water Technologies to acquire Bradley, a manufacturer of plumbing fixtures and washroom accessories.
Commercial Products • Menomonee Falls, WI • Deal
IFS to acquire Falkonry, a provider of pattern-based artificial intelligence software to improve overall equipment effectiveness.
SaaS • Santa Clara, CA • Deal
SageHome acquires Colorado Living, a firm that offers home improvement products and installation services.
General Contractor • Colorado Springs, CO • Deal