Connect with us

Technology

Fictiv Announces Agreement to Join MISUMI

Published

on

The AI leader in Global Supply Chain & Manufacturing joins MISUMI to Build a Global
Manufacturing Platform for Engineering and Supply Chain Organizations

SAN FRANCISCO, April 17, 2025 /PRNewswire/ — Fictiv, a global supply chain technology company, today announced that it has entered into an agreement to be acquired by MISUMI Group Inc., a leading global supplier of mechanical components for the manufacturing industry headquartered in Japan. The all-cash transaction has a total consideration of $350 million, subject to closing adjustments. Once closed, Fictiv will join MISUMI.

This acquisition represents an investment by MISUMI to accelerate the emergence of manufacturing and supply chain solutions that deploy the power of AI through digitally native tools built on top of robust physical infrastructure to build real-world products in an efficient, scalable way.

The manufacturing and supply chain industries are rapidly evolving and increasingly volatile, fueled by shifts in global tariff and trade policy, geopolitical uncertainty, logistics disruptions, and technology developments. These events are exposing traditional manufacturing and supply chain methods that are expensive, inefficient, and opaque, creating inordinate risk in building and scaling products.

Fictiv’s Global Manufacturing Supply Chain brings together AI-driven technology workflows, a world-class global manufacturing network, and teams of local manufacturing experts to simplify sourcing for custom mechanical components. To date, Fictiv has produced over 35 million commercial and prototype components for some of the world’s most innovative products across early-stage and large enterprises in the aerospace, robotics, clean energy, consumer, and automotive sectors. Customer adoption of Fictiv’s solution has grown at a rapid pace, accelerated further by the recent launch of production manufacturing solutions.

Based in Japan, MISUMI supplies mechanical components, tools, consumables, and other products to more than 318,000 companies worldwide. Customers recognize the MISUMI brand for strict quality conformance, global logistics excellence, and scalability offered by digital tools and unique customization capabilities. Bringing all this to Fictiv will help make their solution even better and more scalable, benefitting customers by offering a single global platform capable of building an entire bill-of-materials with world-class speed, price, and quality.

You can read more about Fictiv’s solution and vision for unlocking the world’s creative potential together with MISUMI on the Fictiv blog.

J.P. Morgan served as exclusive financial advisor and Morrison & Foerster LLP served as legal counsel to Fictiv. The deal is subject to customary closing conditions including regulatory approvals.

Quotes:
Ryusei Ono, Representative Director and President, MISUMI Group Inc.: “From its earliest days, MISUMI’s culture of ingenuity and innovation has made us a leader and pioneer in making it easier for customers to procure manufacturing components that fit their needs. Fictiv brings exceptional talent, proven technology, and a shared commitment to innovation. Together, MISUMI and Fictiv will amplify our customers’ ‘Time Value’.”

Dave Evans, Co-Founder & CEO, Fictiv: “Fictiv and MISUMI share a joint vision to make world-class manufacturing & supply chain capabilities easier, more accessible, more intelligent, and democratized. Giving more teams the tools to take their ideas from concept to reality will unlock innovation to fuel the advancements we want to see in the world.”

Nate Evans, Co-Founder & CXO, Fictiv: “This is an exciting moment for our company, but an even more important one for our customers, as this acquisition will enable us to turbocharge our mission to simplify sourcing. Fictiv and MISUMI bring together digital and physical infrastructure to support a full bill-of-materials, and reduce the time, cost, and risk associated with building and scaling products.”

About Fictiv
Fictiv is a global manufacturing and supply chain company that enables organizations to scale globally without the typical barriers of cost, complexity, and risk. By leveraging Fictiv’s four global manufacturing centers in India, Mexico, China, and the U.S., companies can access high-quality production, optimize supply chain logistics, and mitigate supply chain risk—ensuring they can move from prototype to full-scale manufacturing with speed and confidence. To date, Fictiv has delivered more than 35 million commercial and prototype parts for early-stage companies and large enterprises alike, helping them innovate faster, free up precious resources, and drive profitable growth. For more information, visit www.fictiv.com.

About MISUMI
MISUMI supplies mechanical components for automation that are in demand in the manufacturing scenes, as well as tools, consumables, and other products to more than 318,000 companies worldwide. We wear two hats: a manufacturer with manufacturing capabilities and a distributor of branded products from other companies. With this unique business model, supported by a solid business foundation, MISUMI achieves “globally Reliable, Quick Delivery” for greater customer convenience.

Fictiv Media Relations:
Jennifer Shambroom
Chief Marketing Officer
jennifer.shambroom@fictiv.com
+1.415.278.1727

5W Public Relations
Lexi Glicksman
fictiv@5wpr.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/fictiv-announces-agreement-to-join-misumi-302431249.html

SOURCE Fictiv

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

MeTime Healing Receives $125,000 Technology Innovation Grant to Advance AI-Powered Mental Health Platform

Published

on

By

Digital platform aims to reduce stigma, strengthen emotional resilience, and build community through culturally responsive mental health support

GAITHERSBURG, Md., May 2, 2025 /PRNewswire-PRWeb/ — MeTime Healing LLC, a behavioral health and wellness company based in Montgomery County, Maryland, has been awarded a $125,000 conditional grant from the Montgomery County Technology Innovation Fund to support the development of its AI-powered mental health support platform.

This grant will help us accelerate our mission of building inclusive, supportive communities through real-time digital tools designed for long-term well-being.

The platform, which emphasizes culturally sensitive care, aims to bridge critical service gaps for individuals experiencing behavioral health challenges by offering virtual peer support, emotional resilience training, and interactive self-help tools. Through its proprietary Triple-A approach—Accessibility, Affordability, and Adaptability—MeTime Healing seeks to create stigma-free spaces for healing and growth, particularly for underrepresented and underserved communities.

“Millions of people with behavioral health needs face persistent barriers to recovery, from social stigma to a lack of affordable, relevant support,” said Feri Naseh, MBA, Founder and CEO of MeTime Healing. “This grant will help us accelerate our mission of building inclusive, supportive communities through real-time digital tools designed for long-term well-being.”

The funding from Montgomery County will enable MeTime Healing to enhance its technology and expand its impact across the Washington, D.C. metropolitan region. The company’s innovative platform is designed to foster digital community connections and promote preventative behavioral health strategies tailored to diverse populations.

The Technology Innovation Fund reflects Montgomery County’s commitment to supporting scalable technology solutions with the potential to improve public well-being. The initiative provides early-stage funding to promising startups and businesses focused on addressing critical social needs through innovative platforms and products.

“On behalf of Montgomery County, Maryland, I wish to extend congratulations to MeTime Healing LLC for being awarded a $125,000 grant from the Technology Innovation Fund,” said Mark Elrich, county executive. “This grant program is a tangible demonstration of Montgomery County, Maryland’s commitment to its business community. I understand that this grant will facilitate the MeTime Healing & Wellness: AI-Powered Mental Health Support Platform project and enable MeTime Healing LLC’s further growth in Montgomery County, Maryland.”

For more information about MeTime Healing and its programs, visit www.metimehealing.com. To learn more about the Technology Innovation Fund and Founders Fund and to apply, visit www.fedtech.io/accelerators/mcg.

Media Contact

Feri Naseh, MeTime Healing, 1 301-200-2397, info@metimehealing.com, www.metimehealing.com

View original content to download multimedia:https://www.prweb.com/releases/metime-healing-receives-125-000-technology-innovation-grant-to-advance-ai-powered-mental-health-platform-302444779.html

SOURCE MeTime Healing

Continue Reading

Technology

CASEKOO Stuns at Hypebeast Flea with Creative DIY Experience and Funky Cultural Icons

Published

on

By

LOS ANGELES, May 2, 2025 /PRNewswire/ — CASEKOO, the tech accessories brand redefining the space where function meets fashion, made a bold impact at the Hypebeast Flea Market in Beijing this past month. Fusing art, style, and urban culture, CASEKOO transformed its booth into a creative playground where technology became a canvas for personal expression. At the center of the activation was an interactive DIY customization station, where visitors became designers, creating their own art phone cases. Using the brand’s signature Cushion series as a base, participants explored color palettes, textures, and visual elements to craft one-of-a-kind masterpieces. Each day, 10 standout designs were selected, and their creators received their customized phone cases as gifts—making the experience not only fun, but also meaningful.

When Street Art Meets Tech Canvas

Elevating the event’s artistic energy, renowned art collective ABS Crew hosted a live creation session, using CASEKOO’s clear Magic Stand cases as their canvas. With bold, expressive designs, they transformed everyday cases into funky iPhone masterpieces—blurring the line between street art and functionality, and turning tech accessories into captivating, wearable art.

The excitement continued when well-known rapper Bridge made a surprise appearance at the CASEKOO booth. A major figure in China’s music and streetwear scenes, Bridge mingled with fans and showed his support for the brand. His fearless fashion and authentic charisma perfectly matched CASEKOO’s bold identity and cultural edge.

The New Era of Wearable Expression

More than just a tech accessories brand, CASEKOO is a creative movement—redefining what a Magic Stand phone case can be. With a diverse range of cool phone cases and cool iPhone case designs, CASEKOO seamlessly blends functionality, protection, and style. The latest Pro version features full 360° rotation, offering unmatched flexibility to support your phone at any angle. Each product is a statement piece, empowering users to express their individuality with confidence.

CASEKOO’s participation in the Hypebeast Flea was more than a product showcase—it was a celebration of community, creativity, and collaboration. Through partnerships with artists, musicians, and tastemakers, the brand continues to push boundaries and shape the future of fashion-tech culture.

To explore CASEKOO’s latest collections and discover upcoming creative experiences, visit www.casekoo.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/casekoo-stuns-at-hypebeast-flea-with-creative-diy-experience-and-funky-cultural-icons-302439459.html

SOURCE CASEKOO

Continue Reading

Technology

Greenberg Traurig Dominates at Middle East Legal Awards

Published

on

By

Recognized as Middle East Law Firm of the Year – Saudi Arabia; Khalid A. Al-Thebity Honored as Law Firm Leader of the Year

RIYADH, Kingdom of Saudi Arabia, May 2, 2025 /PRNewswire-PRWeb/ — Global law firm Greenberg Traurig dominated the legal categories at ALM International’s Middle East Legal Awards 2025, held April 30 at The Conrad, Dubai.

Greenberg Traurig Khalid Al-Thebity Law Firm was recognized as Middle East Law Firm of the Year – Saudi Arabia and Greenberg Traurig’s Middle East Regional Chair and Managing Shareholder of the Kingdom of Saudi Arabia office, Khalid A. Al-Thebity, was honored as Law Firm Leader of the Year. These results are the direct outcome of Greenberg Traurig’s strategic development in key practices and locations, regionally and globally, and its efforts to further enhance its presence and connectivity as a firm.

The firm was also shortlisted for Middle East Law Firm of the Year – UAE, as well as in 11 other categories.

The Middle East Legal Awards have become the region’s premier event for the recognition of legal excellence. The awards celebrate outstanding achievements within the legal profession, honoring exceptional performance and best practices.

The breadth and depth of Greenberg Traurig’s U.S. and global locations, practice areas and industry groups have enabled the firm’s rapid growth, establishing stellar sector-specific teams, playing an influential role in landmark transactions and setting industry benchmarks through innovative strategies and outstanding client service.

“The shortlisting of key leaders, virtually all of our relevant practice groups and both of our regional offices was already impressive,” said Richard A. Rosenbaum, Executive Chairman of Greenberg Traurig. “But winning the award for Law Firm of the Year – Saudi Arabia and Khalid winning the top award as Law Firm Leader of the Year set a standard of which we are extremely proud. In today’s world of increasingly rigid business models, these results evidence what is possible in our business model and culture of respect, trust, collaboration and empowerment of our people to compete and win on the ground.”

Al-Thebity, Middle East Regional Chair and Managing Shareholder of Greenberg Traurig’s Kingdom of Saudi Arabia (KSA) office, said, “These awards are of utmost importance to the firm and witnessing our rising recognition in the region makes me extremely proud and excited for our journey. I am extremely honored by ALM International and the judging panel for recognizing the efforts of our regional team. We remain committed to our further strategic expansion in the region to support our clients and are here for the long-term.”

Steven Bainbridge and Sarah Mahood, co-managing shareholders of Greenberg Traurig’s United Arab Emirates (UAE) office, added, “Our regional teams are truly committed to our client base across Saudi Arabia, UAE, and the broader region. This recognition reflects the specialist, bespoke teams we have established to collaborate with our clients in the most impactful way. Thank you to all who were involved in making these awards possible.”

Marwa Al-Siyabi, a key shareholder based in Riyadh, also commented, “We have been advising on the most strategic regional mandates, including the structuring and implementation of government initiatives and the legal implications of strategy reforms, which will shape the legal landscape for years to come. Under Khalid’s exceptional leadership, our journey of growth has been unparallelled as we continue to support our clients and attract best-in-class legal talent.”

These results follow Greenberg Traurig’s recent awards as UAE Technology, Media & Telecoms Law Firm of the Year at Chambers Middle East 2025 Awards and Law Firm of the Year — UAE at The Oath Middle East Legal Awards.

Greenberg Traurig launched in KSA and UAE in 2023. Since then, the firm has experienced steady growth in the region, planting key roots in the industries and business sectors most active in the Middle East, including Real Estate, Infrastructure & Transportation, Energy & Natural Resources, Hospitality, Finance & Restructuring, M&A, Private Equity, Private Credit, Sports & Entertainment, Capital Markets, and Arbitrations & Disputes.

Greenberg Traurig’s KSA office is operated by Greenberg Traurig through Greenberg Traurig Khalid Al-Thebity Law Firm.

Media Contact

Amira Alyamani, Greenberg Traurig, LLP, +971 (0) 4595 3637, amira.alyamani@gtlaw.com, https://www.gtlaw.com/en

View original content:https://www.prweb.com/releases/greenberg-traurig-dominates-at-middle-east-legal-awards-302445351.html

SOURCE Greenberg Traurig, LLP

Continue Reading

Trending