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Ghost Robotics acquired by South Korean firm
Ghost Robotics officially announced its acquisition by aerospace manufacturer LIG Nex 1. The South Korean defense giant bought a 60% control stake in Ghost in a $240 million deal, making the startup’s total valuation $400 million.
The company plans to maintain its Philadelphia headquarters at Pennovation Works and the leadership team plans to stay in their roles, founder and CEO Gavin Kenneally told Technical.ly.
➡️ Read on for more about Ghost and why it’s been in the news so much lately
The CEO of Vimeo is a ‘big Pennsylvania guy’
Philip Moyer grew up in Reading, earned his bachelor’s degree in computer science from the University of Pittsburgh and currently lives in Berwyn.
Now the CEO of Vimeo, Moyer started his career as an engineer. He moved to sales, then VC and eventually into leadership roles, working for companies like AWS and Google. But he still credits his career to his lifelong ties to PA.
➡️ Read more about Moyer’s career journey
News Incubator: What else to know today
• The global IT outage caused by CrowdStrike’s latest update highlights tensions between cybersecurity and operations teams, wrote Tina Williams-Koroma. [Technical.ly]
• Seventeen Philadelphia-area companies made Forbes’s list for America’s Best Employers for Women, including Comcast. [Philly Biz Journal]
• Clinical data sharing org HealthShare Exchange announced a new data sharing platform as part of its Network for Enhancing Social Service Transitions for Seniors. [HealthShare Exchange]
🗓️ On the Calendar
• Philly Tech Entrepreneurs is hosting its Tech Talk Tuesdays happy hour on July 30 [More details]
• GeoPhilly is back with a summer happy hour on July 30. [More details]
