Facility Archives

Fresha gets $31m funding facility from JP Morgan

August 27, 2024 mpsingh No Comments Business 31M, Facility, Fresha, funding, Morgan

Beauty and wellness marketplace platform Fresha has secured a $31 million venture debt facility from JP Morgan. This funding will accelerate the London headquartered firm’s “expansion into new markets and drive the growth of its machine learning capabilities and AI-powered robotics, further advancing its innovative all-in-one platform”. Fresha The company’s platform aims to “empower beauty [...]read moreFresha gets $31m funding facility from JP Morgan

Rivian receives $827 million in incentives to expand Illinois facility, shares jump

May 5, 2024 mpsingh No Comments Auto expand, Facility, Illinois, incentives, jump, million, Receives, Rivian, Shares

Rivian Automotive said on Thursday it has received $827 million in an incentive package from the State of Illinois to expand operations at its Normal facility. The Irvine, California-based company’s shares rose nearly 10% in afternoon trade after having lost more than 60% of their value this year, as of Wednesday’s close. The Illinois plant, [...]read moreRivian receives $827 million in incentives to expand Illinois facility, shares jump

NASA is expanding its Wallops Island facility to support three times as many launches

May 3, 2024 mpsingh No Comments Technology expanding, Facility, island, launches, NASA, support, Times, Wallops

NASA is kicking off a formal environmental assessment of its facilities on Wallops Island, Virginia, to increase the number of authorized rocket launches at the site by almost 200%, according to slides and recordings of an April 29 internal meeting viewed by TechCrunch. The proposed changes could help ease congestion at the country’s other spaceports, [...]read moreNASA is expanding its Wallops Island facility to support three times as many launches

$30M Heist at L.A. Storage Facility Preceded by Multiple False Alarms

April 16, 2024 mpsingh No Comments Entertainment 30M, Alarms, Facility, false, heist, L.A, Multiple, Preceded, Storage

The $30 million heist from an L.A. storage facility — which sounds like an “Ocean’s 11” outtake — remains a mystery for investigators, but they’re zeroing in on several false alarms triggered in the building leading up to the burglary. TMZ pulled the calls for police service to the GardaWorld money storage facility in [...]read more$30M Heist at L.A. Storage Facility Preceded by Multiple False Alarms