6+ things to know in #MiamiTech: New venture fund, plus news from FAU, I Squared Capital, Arcadia Capital, Kaseya, eMerge Americas & more
Summary
Miami gaming startup Betr is a portfolio member.Founded by global music icon, Kyrre G\xf8rvell-Dahll, aka Kygo, and his manager Myles Shear, and led by CEO Michael Diaz, Palm Tree Crew is a diversified holding company that operates a global live events and hospitality business, a lifestyle consumer brand, and a multi-stage investment platform.Separately, Palm Tree Crew recently closed a $6 million funding round at a $150 million valuation, the company reports. Backers included Barry Sternlicht, Keith Rabois, Brad Garlinghouse, David Adelman, Jim Coulter, Jonathan Kraft and Michael Meldman, among others. The company will use proceeds to accelerate growth and expansion of its global live events and hospitality businesses, as well as its continued diversification into adjacent and synergistic verticals.The College of Engineering and Computer Science of Florida Atlantic University received a $2.6 million grant from the National Science Foundation to establish a scholarship program in the burgeoning and critical field of cybersecurity. This project further leverages the deep faculty expertise and course offerings to drive student training and skill development at the intersection of cybersecurity and thematic areas of AI, post-quantum cryptography, and hardware security. This week Kaseya, the Miami-based IT software giant with more than $1.5 billion in ARR, announced the expansion of its c-suite with the promotion of Joe Smolarski to President and Chief Customer Officer.