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Tag: GM Labs

Miami Florida based GM Labs is raising $5,999,956.00 in New Equity Investment.

Miami Florida based GM Labs is raising $5,999,956.00 in New Equity Investment.

March 16, 2022 Craig Etkin

Miami, FL – According to filings with the U.S. Securities and Exchange Commission, GM Labs is raising $5,999,956.00 in new funding. Sources indicate as part of senior management Co-Founder, Michael Mcguiness played a key role…

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White River Energetics (WRE), an ammunition primer and energetics manufacturer, is expanding its facility in Des Arc, creating 100 new jobs. The company is investing approximately $10 million to expand its existing facility. Additionally, WRE will also make a $60 million dollar investment to build a single base smokeless propellant factory. There is a worldwide shortage of smokeless propellant that is affecting munitions availability globally.

The expansion and new smokeless propellant facility will create 100 total new jobs at the White River Energetics campus in Des Arc and represents an investment of more than $70 million. The expansion will enable WRE to scale its energetics and primer manufacturing to meet customer demand as well as develop new products. WRE supports domestic and international clients through the manufacture and distribution of energetics for various ammunition types.

In a statement Dan Powers, President and CEO of D&M Holding Company said, “This smokeless propellant factory will enable us to supply propellant to the global shortage that is affecting munitions availability.” “We are proud to have chosen Des Arc for this investment and look forward to adding the additional jobs for the community.”

White River Energetics is a newly formed and wholly owned subsidiary of D&M Holding Company. WRE has built a new facility in Des Arc, AR with the objective of manufacturing energetics for the ammunition industry. WRE operates on a foundation of proven processes and is regularly evaluating and implementing new processes and automation to make higher quality and safer energetics.

Source: https://www.intelligence360.io/ and https://intelligence360.news/

Second Front Systems (2F), a public-benefit software company focused on enabling the delivery of mission-critical software solutions, has announced the close of its $70 million Series C funding round. The round was led by Salesforce Ventures, with participation from new investors, Battery Ventures, and existing investors, NEA, Moore Strategic Ventures, and Artis Ventures.

In a statement Tyler Sweatt, CEO of Second Front Systems said, “Since Second Front’s beginning, our guiding vision has been to make it easier for commercial technologies to contribute to global security.” “This mission still rings true to this day. Our team has proven that we can help remove barriers between commercial software companies and the U.S. government and its allies—to ensure that dollars go further and better capabilities get to mission owners faster. To ensure the best technologies support the most critical customers, we are excited to deepen our partnerships with U.S. and allied governments to power software for the free world.”

2F has an integral role in enhancing the U.S. government’s technological agility, particularly within the Pentagon and DoD, and has recently ramped up its international expansion, highlighted by its partnership with NATO. 2F’s Game Warden deploys commercial and government solutions to classified, air gapped, regulated, and government environments around the world. Game Warden is trusted by leading organizations including Microsoft, Amazon Web Services, Learn to Win, and DEFCON AI. This funding round follows 2F’s recent ranking of #28 on the Silicon Valley Defense Groups’ NATSEC100, where 2F accomplished the second highest jump by a company year over year.

Source: http://www.intelligence360.io/ and https://intelligence360.news/

PartnerHero, a leading business process outsourcing organization dedicated to fostering strategic partnerships and alliances, has announced plans to hire 200 and invest nearly $7 million to expand its operations in Greensboro, North Carolina. The company's decision comes on the heels of recent investment in the area, solidifying Greensboro's position as a thriving hub for businesses and economic development.

In a statement Steve Chrabaszewski Chief Operating Officer of PartnerHero said, “As we grow our company in a competitive industry, it’s important we have access to diverse talent." “As we looked at locations across the country, it was clear that Greensboro could offer a winning combination of a thriving tech cluster, respected educational institutions, and a welcoming community.”

PartnerHero is the BPO for companies that care about quality and people. We connect talented and capable people from all over the world with innovative companies who care about business metrics and values. We're big fans of integrity, finding the right fit, and bringing opportunity to places that have traditionally been left behind. We specialize in Customer Support, Trust & Safety, Quality Assurance and Software QA.

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