Latest news with #RoryBlundell
Scoop
24-06-2025
- Business
- Scoop
NZ Windfarms Shareholders Approve Meridian Acquisition
The proposed scheme of arrangement (the Scheme), under which Meridian Energy Limited (Meridian) will, subject to the satisfaction of certain conditions, acquire 100% of NZ Windfarms Limited (NZX: NWF) ('NZ Windfarms'), has today been approved by NZ Windfarms shareholders at a Scheme Meeting. The resolution to approve the Scheme was passed by the requisite majorities of shareholders – namely 75% or more of the votes cast in each interest class and more than 50% of the total number of NZ Windfarms shares on issue were voted in favour of the Scheme. Details of the total number of votes cast are set out in the market announcement released today by NZ Windfarms. The final steps in the Scheme process are now underway, including an application to the High Court for final orders. The Scheme remains subject to final orders being granted by the High Court and satisfaction (or waiver) of other customary implementation conditions. The final hearing at the High Court in Auckland is currently scheduled for 16 July 2025. 'We're delighted to have the support of NZ Windfarms' shareholders and now look forward to the outcome of the High Court process. If approved, this transaction will reward NZ Windfarms' shareholders for the value created to date, while also enabling more efficient financing of the Te Rere Hau repowering project,' says Meridian's General Manager Strategy and Portfolio Rory Blundell. The Te Rere Hau repowering project involves the design, construction and operation of up to 39 new turbines with generation capacity of up to 170MW. It will be New Zealand's first wind farm repowering project and has the potential to generate seven times the annual renewable energy production of the current turbines.
TechCrunch
20-05-2025
- Business
- TechCrunch
Gravitee, a platform that helps companies manage APIs, raises $60M
Gravitee, a platform designed to help companies manage their APIs and other digital traffic pipelines, has raised $60 million in a Series C funding round led by Sixth Street Growth with participation from Riverside Acceleration Capital and Albion VC. The new capital, which brings Gravitee's total raised to just over $125 million, will be used to fund the development of new product features and Gravitee's expansion into new markets, said CEO Rory Blundell. Modern data systems are complex. APIs, for example — the set of rules that allow different apps to communicate and exchange data — often come with their own tools and protocols. Blundell makes the case that companies risk creating blind spots and slowing down innovation without a control plane to tie disparate systems together. '[C]ompanies are integrating AI agents, streaming data, APIs, and hybrid systems faster than ever,' Blundell said in a statement. 'As a result, many companies face major risks around security, observability, and control of their API and event infrastructure.' Blundell founded Gravitee in 2015 alongside developers Azize Elamrani, David Brassely, Nicolas Géraud, and Titouan Compiegne. What started as an open source project quickly evolved into a business. Today, Gravitee offers paid services to fund development of its freely available software. The Gravitee platform can be deployed on-premises, self-hosted, or used as a part of Gravitee's software-as-a-service plan. Features across all releases include a tool for designing APIs and deploying them ahead of mock testing as well as a dashboard from which users can visualize the components of their API deployments. Gravitee competes with Blobr, which offers software for exposing and monetizing enterprise APIs. Another top rival is StepZen, a company developing graph tech to help connect and visualize various APIs. Techcrunch event Join us at TechCrunch Sessions: AI Secure your spot for our leading AI industry event with speakers from OpenAI, Anthropic, and Cohere. For a limited time, tickets are just $292 for an entire day of expert talks, workshops, and potent networking. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW Blundell claims that Gravitee is differentiated by its support for both asynchronous APIs (i.e. APIs that return data at a later time) and synchronous APIs (APIs that return data immediately). Some vendors don't offer this. Gravitee has hundreds of customers today, according to Blundell, including Blue Yonder, Michelin, Roche, and Tide. Annual recurring revenue reached $22 million in fiscal year 2024. Gravitee employs around 130 customers and plans to end the year with roughly 200.
