intelligence360

The Intelligent News Source

Tag: Herrington & Sutcliffe

Orrick, Herrington & Sutcliffe to spend $2,224,150.00 to occupy 9,646 square feet of space in Austin Texas.

Austin, Texas — According to state and local development sources, Orrick, Herrington & Sutcliffe plans to invest $2,224,150.00 to build out 9,646 square feet of new space in Austin. The company plans to occupy the…

intelligence360

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

Pepper, the most trusted technology partner for the food distribution sector, is thrilled to announce the successful closure of a $30 million Series B funding round. This significant investment was led by ICONIQ Growth, with continued participation from existing partners at Index Ventures, Greylock, Imaginary, and Harmony Partners. In conjunction with the funding, Richa Mehta, Principal at ICONIQ Growth, will be joining Pepper’s board of directors. This round of funding marks a pivotal moment for Pepper as it solidifies its position as the most trusted and transparent technology partner to independent foodservice distributors.

“The tremendous support from ICONIQ Growth and our existing investors not only validates our vision but also reinforces our position as the most trusted and transparent technology partner in the foodservice distribution industry,” said Bowie Cheung, CEO and cofounder of Pepper. “This funding will enable us to accelerate our roadmap, focusing on innovative solutions that meet the evolving needs of our customers and strengthen their operations.” The newly secured funds will be directed towards advancing product innovation in several key areas, such as the core eCommerce experience, CRM tools, generative AI, rich product content, and analytics to support Pepper’s growing ads network. Pepper is an eCommerce platform designed to be the growth engine for independent distributors. The platform delivers a best-in-class shopping experience for food service, convenience stores, and other marketplaces. Pepper offers a suite of AI powered tools for the distributor sales rep and customers to grow market share.

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

L3Harris Technologies has entered into an agreement with Orange County, Virginia, to fund the expansion and modernization of the company’s site in the county. The effort is intended to increase solid rocket motor production while growing the company’s presence in the Commonwealth. L3Harris plans to construct new facilities, purchase new equipment and hire 80 new employees over the next three years. The majority of the $41.2 million investment will come from the cooperative agreement Aerojet Rocketdyne, an L3Harris company, signed with the Department of Defense last year. The company is also contributing internal capital. Additionally, the Commonwealth and Orange County are providing L3Harris a combined total of about $2.18 million in incentives to support site improvement and construction efforts.

“This agreement builds upon company and U.S. government investments in our solid rocket motor production capabilities for critical defense systems,” said Ross Niebergall, President, Aerojet Rocketdyne, L3Harris. “We have been a part of the Virginia community for decades and look forward to growing our talented workforce here as we produce the vital propulsion that helps protect our nation and its allies.” The company’s Orange County site is home to some of the most advanced defense and space propulsion research, development and manufacturing operations in the world. The site includes the Orange Altitude Test Facility, a fully-equipped propellant lab and a state-of-the-art air-breathing test facility. L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers’ mission-critical needs always in mind, our more than 50,000 employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security.

Load More... Subscribe