New Details On Tactus’ Funding

Tactus chief executive Craig Ciesla said that the company raised $13.5 million in its Series B round, with ThomVest as the lead investor, with Ryoyo, Wistron and other undisclosed strategic and financial investors participating. Ciesla says that the company is using the money to scale up its production in the wake of the Wistron partnership.

Related Videos


  • Investors Send Twitter Up 11.4% Following Gnip News, Adding $2.7B To Its Market Cap

    Twitter had a massive day in the markets, soaring more than11 percent following news this morning that it has acquired Gnip . Gnip is a company that supports firms with access to social media information streams. The data provider became well known by being a Twitter partner that could underpin the latter’s “firehose” of tweets to companies willing to pay for access. Twitter closed yesterday at $40.87 and today at $45.52.

  • B/E Aerospace Says It Will Break-Up Into Two Companies

    B/E Aerospace says it will split into two separate publicly traded companies with one business focusing on manufacturing of aircraft cabin interior equipment and one focused on distribution, logistics, and technical services for the aerospace and energy services markets.

  • Snapchat Raises $50 Million In Series C Round

    According to an SEC filing, Ephemeral messaging startup Snapchat has raised fifty million dollars in a Series C round of venture capital. CEO Evan Spiegel told TechCrunch that the money was contributed by a single investor. With today’s investment and the sixty million dollars from the Series B round just a few months ago, Snapchat has raised upwards of $120 million in total.

  • IBM Tries to Convince Investors its Business Will Stabilize

    IBM's CEO Virginia Rometty has been getting out quite a bit this week ahead of the company's Wednesday analyst meeting. She's trying to convince investors that business will stabilize and that there's a clear vision for growth.

  • NASDAQ Finally Launches Its Market For Privately-Held Companies

    Just as the JOBS Act kickstarts bigger markets for shares of privately-held companies, NASDAQ is launching its own entrant in the field. The U.S. stock exchange, which hosts tech companies like Apple, Google and Facebook, is finally opening its private company marketplace to let growth-stage companies tap institutional investors for capital and employee liquidity.

  • Twitter Shares Test New All-Time Lows After Its Q1 Earnings Fail To Excite Investors

    Twitter’s stock is plumbing the depths today, hitting a new low of $38.27, below its previously recorded lowest-point of $38.80. Twitter went public for $26 per share and shot to more than $74 per share at its peak. It opened around $45 on its first day public.

  • How to Tell if a Company Will Default on its Debt in 2016

    Maglan Capital's David Tawil, Co-founder and Portfolio Manager, suggests a few signs that investors should look out for leading up to 2016. Companies have taken advantage of the current low interest rate environment to refinance their debt, but as interest rates rise and the next maturity wall approaches, they will have to face the music.

  • Barnes & Noble Is Dumping Its Nook Business

    Once a pioneer in the space, the B&N Nook has long lagged behind the Kindle, dragging down the bookseller with it. But no more. Barnes & Noble just announced that it will separate its retail and NOOK Media businesses into two separate public companies. This separation is expected to be complete by the first quarter of the next calendar year.This news comes alongside B&N fourth quarter 2014 financial results where the Nook side of the company continued to drag down the rest of the company.

  • Low Volatility Earns Its Keep in Tough Times

    Low-vol strategies may limit investors’ upside in a bull market, but their truncated downside risk may be worth the trade-off in the long run, says S&P Dow Jones Indices’ Craig Lazzara.

  • As Investors Tune Out CBS, Company Could Eye Cable Deals

    Nevermind the viewers, it seems as if investors are increasingly tuning out CBS Corp. The network titan, with a market cap approaching $30 billion, is seeing more of its revenue derived from cable assets, and that has some analysts saying that company could participate in the big media consolidation game playing out on Wall St. this year.

  • Exclusive: Cars.Com Investor Gannett Mulls Bid For Entire Company: Sources

    Gannett Co Inc , one of the newspaper owners of Cars.com, is exploring a bid for all of the auto sales website and has discussed teaming up with private equity firms in a deal that could reach $3 billion, people familiar with the matter said. Gannett, the parent company of USA Today, is one of the five newspaper publishers that back Classified Ventures, the entity that owns Cars.com. Cars.com helps people buy and sell cars on the Internet.

  • Which B-School is the Ideal Place to Start a Company?

    Every elite business school claims it is the ideal place to start a business. But how can students really know which is best? Melissa Korn reports on the News Hub.

Other Advice Videos