Silver Spring-based Aziyo Biologics Inc. closed its latest round of funding with $10 million of investments from seven investors. The health tech startup is a commercially-oriented biotech company with a focus on regenerative medicine for use in cardiology, orthopedics and wound care. Read more at the Washington Business Journal.
Coworking provider Industrious announced it will open a 24,000-square-foot location in Ballston in early 2019. With one D.C.-area location already, Industrious is also set to open offices in Bethesda and Tysons Corner this year. Read more at American Innovation.
Samsung Electronics announced plans to spend $22 billion to invest in autonomous driving, the Internet of Things (IoT) and robotics businesses. The funds will go towards hiring artificial intelligence researchers in 1,000 artificial intelligence centers worldwide as well as investing in the company’s biopharmaceutical arm. Read more at The New York Post.
Starwood Property Trust Inc. has entered into an agreement to acquire a General Electric Co. energy-finance business for $2.56 billion. The GE portfolio includes $2.1 billion of 51 loans and $400 million of unfunded commitments. Read more at Yahoo Finance.
The New York Times added 109,000 digital-only subscribers in the second quarter of the year for a total of 2.9 million out of 3.8 million subscribers total. The publication’s revenue increased 20 percent during the same time period to $99 million. Read more at The New York Times.