Providence Business News

NORTH KINGSTOWN – U.S leaders from Senesco Marine LLC and Havoc on May 6 announced a new partnership aimed at enhancing the manufacturing of autonomous uncrewed surface vehicles in Rhode Island. This initiative is being supported by federal investments, including grants from the U.S. Maritime Administration. Havoc CEO Paul Lwin and Senesco Marine President Ted […]

PROVIDENCE – Sen. Victoria Gu, D-South Kingstown, and Rep. Thomas E. Noret, D-Coventry, have introduced legislation intended to regulate the use of artificial intelligence in workplace decision-making and establish guidelines ensuring these technologies are used transparently in evaluating employee performance. Gu cited the need for disclosure and human oversight in algorithmic ...

PROVIDENCE – 365 Retail Markets, a company within the portfolio of Providence-based private investment firm Providence Equity Partners, has announced the acquisition of self-service commerce technology company Cantaloupe Inc., combining Cantaloupe’s payments, telemetry and global device network with 365’s self-checkout and software systems. This move aims to enhance 365’s ...

PROVIDENCE – A survey by digital privacy platform Cloaked reveals that Rhode Island residents rank fifth in the nation regarding concerns about their digital identity, making 11,893 searches per 100,000 residents related to privacy concerns and personal data removal over the past two years. According to the survey, Americans made more than 33 million searches […]

PROVIDENCE – Havoc, a defense technology manufacturer with an office in the city, has raised $100 million in Series A funding.  The company has now raised more than $200 million since 2024, including $11 million with 12 investors in December 2024.  The latest Series A funding round was led by a group of new investors and […]