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Tag: Novo

Miami Florida based Novo is raising $90,361,574.00 in New Equity Investment.

Miami Florida based Novo is raising $90,361,574.00 in New Equity Investment.

October 28, 2022 Craig Etkin

Miami, FL – According to filings with the U.S. Securities and Exchange Commission, Novo is raising $90,361,574.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Michael Rangel played a key…

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SuperOps, the groundbreaking AI-driven IT platform transforming operations for IT service providers and internal IT teams, today announced it has raised $25 million in Series C funding, led by March Capital with participation from existing investors Addition and Z47. This brings SuperOps’ total funding to $54.4 million, a testament to the company’s exceptional growth and market disruption. Over the past year, SuperOps has tripled its customers and expanded its footprint to 104 countries, cementing its status as a global leader. SuperOps is now taking its proven expertise in Managed Service Provider technology into the broader IT market with the launch of its revolutionary Endpoint Management tool. Designed to supercharge IT team productivity, the tool enables IT teams to achieve more with fewer resources.

In a statement Arvind Parthiban, Co-Founder and CEO of SuperOps said, “IT teams worldwide are navigating complex challenges, including remote work and rising cybersecurity threats.” “At SuperOps, we are empowering these IT heroes with tools that transform their operations, reduce costs, and fuel growth. After revolutionizing the MSP space, we are thrilled to bring our AI expertise to internal IT teams with the launch of our Endpoint Management tool. The high demand and early successes validate that this is the future of IT operations.” The foundation of SuperOps’ success lies in its relentless focus on AI innovation. In 2024, the company unveiled Monica, a hyper-contextual AI guide that analyzes the MSP’s dataset to deliver personalized insights, automate routine workflows, and accelerate decision-making. With Monica, MSPs and IT teams have seen up to a 30% improvement in operational efficiency. The Series C round, entirely backed by existing investors, highlights the continued confidence in SuperOps’ vision and execution.

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Global aerospace and defense company Stark Aerospace is expanding in Columbus Mississippi to support a new contract with the U.S. Navy. The project will create at least 96 new jobs. Stark Aerospace recently was awarded a $61.4 million contract by the U.S. Navy for missile canister production in support of the Mark 41 Vertical Launching System, an on-board missile canister launching system. The contract includes additional options that, if exercised, can increase the cumulative value of the contract to $312.8 million.

Stark Aerospace President and CEO David Alabed said in a statement that his company is honored and excited to have been selected for this important project. “This contract not only reflects our team’s hard work and dedication but also underscores our capability to deliver high-quality products that meet the rigorous standards of our U.S. Military and the Warfighters,” Alabed said. “We look forward to working closely with the U.S. Navy and contributing to the success of this vital initiative.” To fulfill the contract, Stark Aerospace is investing over $21 million to expand their operations in Mississippi while creating at least 96 new jobs. Construction is slated to be complete within the next year with new jobs being filled immediately.

According to the company website, Stark Aerospace is a Columbus Mississippi based aerospace and defense firm. They are a world leader in the design and manufacture of technologically sophisticated defense systems. From its 136,000 square foot facility near the Columbus-GTR airport, Stark Aerospace current work includes missile systems, loitering munitions, and electronics & avionics assembly and repair. Stark Aerospace has become synonymous with technological advancement and operational superiority. The company's dedication to quality permeates every aspect of their operations, ensuring that each product bearing the Stark Aerospace name upholds the highest standards of performance and durability.

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