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Tag: Cernostics

Pittsburgh Pennsylvania based Cernostics is raising $12,476,960.00 in New Equity Investment.

Pittsburgh, PA – According to filings with the U.S. Securities and Exchange Commission, Cernostics is raising $12,476,960.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Michael Hoerres played a key…

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Earlier this month JCB began work on a new $500 million factory in North America, the biggest-ever investment in the company’s history. The start of construction was signaled at an official ground breaking ceremony at the site in San Antonio, Texas. Work on the 720,000 square foot factory is now under way on the 400-acre site, and will create 1,500 new jobs over five years. It will be the company’s second largest plant, rivalled only by the manufacturer’s World HQ in the UK. The factory will make Loadall telescopic handlers and aerial access equipment, with production scheduled to start in 2026. The factory will also have the capacity to expand into the manufacture of other products in the future. In a statement, Chairman Lord Bamford said, "Construction equipment manufacturers sell more than 300,000 machines every year in North America, making it the single largest market in the world. JCB has been growing its share of this important market steadily over the past few years and the time is now right to invest in our manufacturing capacity in North America, where we already have one factory."

JCB sold its first machine in North America in 1964 and opened its first manufacturing plant there in 2001 in Savannah, Georgia, which employs 1,000 people. The new facility will manufacture machines for customers specifically in North America. JCB employs 19,000 people and has 22 factories around the world, including 11 in the UK, seven in India, and others in Brazil and China. The company will mark its 80th anniversary in 2025.

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Payabli, the payments infrastructure solution for software companies, has closed a $20M Series A. The round was led by QED Investors with participation from existing investors TTV Capital, Fika Ventures and Bling Capital after company surpasses 340% growth in revenue over the past 12 months. The new round of funding will be used to drive further product innovation, reinforce security and scalability, fuel new customer acquisition, and empower existing software partners to integrate and activate total processing volume easier and faster.

In a statement William Corbera, Payabli’s Co-Founder and Co-CEO said, “We’ve been resolute in our product vision of unifying Pay In, Pay Out and Pay Ops via a single unified API since founding the company. The strong traction and growth we’ve experienced over the last year is a testament to the fact that software companies have become the modern distribution for payment processing and rely on modern solutions like Payabli to run their payments business. Payabli’s API-first Payments Infrastructure and Monetization Platform allows software companies to make payments a core part of their business model. Payabli focuses on providing a single unified API to allow software developers to create any payment experience they need for payment acceptance and payment issuance, as well as robust payment operations tools to manage the tactical operations of a payments company. Payabli is helping over 60 vertical SaaS companies build, manage, and scale their Payments businesses.

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