From significant business changes to noteworthy product launches, there’s always something new happening in the world of design. In this weekly roundup, AD PRO has everything you need to know.
Savant to Acquire GE Lighting
Smart home tech company Savant Systems, Inc. made waves this week by announcing that it had inked a deal to buy General Electric Lighting. Savant plans to capitalize on GE Lighting’s brand name while expanding its products’ capabilities thanks to their own technologies. The news also marks a notable divestiture for American mega-company GE.
Home Furnishings Startup Closes Major Funding During COVID-19 Crisis
Fernish, the Los Angeles startup that rents home furnishings, recently closed its Series A round of funding amid the COVID-19 crisis. The company raised $15 million via round participants including RET Ventures; Spencer Rascoff, a cofounder of Zillow; and Fred Tuomi, former CEO of home-rental company Invitation Homes. The startup,