Innovation

Certa And Castellum.AI Partnering To Offer Professionals With Financial Crime Risk Data For Improved Third-Party Risk Management

By Amit Chowdhry ● Dec 7, 2023

Certa (a leader in third-party management solutions) announced today a partnership with Castellum.AI (a global financial crime risk platform). This partnership integrates Castellum.AI risk screening into Certa’s TPRM platform, providing compliance and procurement professionals access to the most accurate, reliable, and fastest information on sanctions, export controls, adverse media, beneficial ownership, etc.

Ford Pro And Xcel Energy Partnering On Installation Of 30,000 EV Charging Ports For Business Fleets By 2030

By Amit Chowdhry ● Dec 6, 2023

Ford Pro (the commercial division within Ford Motor Company) and Xcel Energy (a national leader in clean energy) recently announced a unique collaboration to support the deployment of 30,000 electric vehicle (EV) charging ports in Xcel Energy service territories across the U.S. by 2030 with most upfront costs offset by Xcel for qualifying business fleet customers.

Carta Healthcare: Brent Dover Named As CEO

By Amit Chowdhry ● Dec 6, 2023

Carta Healthcare - a health tech company aiming to harness the value of clinical data - announced today the appointment of Brent Dover as chief executive officer. Dover succeeds former CEO Matt Hollingsworth - who co-founded Carta Healthcare in 2017 and remains a board member. And in his new role, he will continue to focus on product innovation, business development, and strategic partnerships for Carta Healthcare’s market-leading solutions.

IBM Consulting And Palo Alto Networks Expanding Strategic Cybersecurity Partnership

By Amit Chowdhry ● Dec 5, 2023

IBM Consulting and Palo Alto Networks recently announced that they will expand their strategic partnership to enable clients to strengthen their end-to-end security postures and navigate evolving security threats. Palo Alto Networks will be in a select group of strategic IBM Consulting partners, and IBM Consulting will be a premier security services partner for Palo Alto Networks.

Generation Food Rural Partners Launching Nexture Bio To Transform Cultivated Meats

By Amit Chowdhry ● Dec 5, 2023

Big Idea Ventures (BIV) - a global leader in early-stage alternative protein and food technology investing - recently announced its third portfolio company through the Generation Food Rural Partners Fund (GFRP). Nexture Bio develops novel technologies to support the advancement of alternative meat products.

TruaID: This Digital Identity Verification Product Helps People Keep Personal Information More Secured

By Amit Chowdhry ● Dec 2, 2023

Digital identity and screening company Trua recently announced it has launched a new product called TruaID, which will give consumers a greater sense of security with their private information while providing businesses with a more efficient means of screening customers and prospective employees. TruaID eliminates the need for users to repeatedly provide businesses, government agencies or potential employers with their private personal information such as Social Security number, driver’s license, birth certificate, or other documents.

QuantHealth Launches Katina To Help Pharma Researchers Run Significant Protocols At Scale

By Amit Chowdhry ● Dec 1, 2023

QuantHealth - an AI-powered clinical trial design startup - recently announced a major product upgrade to its platform to simulate trials at scale and expedite, de-risk and optimize drug development. Katina provides clinical researchers with an AI-guided workflow that simulates hundreds of thousands of potential trial protocol combinations of patient groups, treatment parameters, and different endpoints to maximize the trial success probability while considering additional operational and commercial considerations.

May Mobility: New CFO And $105 Million Series D Funding Round

By Amit Chowdhry ● Nov 30, 2023

May Mobility - a leader in developing and deploying autonomous vehicle (AV) technology - recently announced the company's $105 million Series D funding round. And the company also revealed that Anna Brunelle has joined as CFO.

Radiology Partners Unveils AI Integration Platform With AWS HealthImaging

By Amit Chowdhry ● Nov 30, 2023

Radiology Partners (RP) - a leading radiology practice in the U.S. through its owned and affiliated practices - recently announced the launch of its RPX AI orchestration platform on Amazon Web Services (AWS). And RPX AI is RP’s AI orchestration and integration platform, and it utilizes AWS HealthImaging, a HIPAA-eligible service for storing, analyzing, and sharing medical images at petabyte scale. RP selected AWS HealthImaging to advance its ability to seamlessly deploy a suite of AI tools across any reading platform, creating a highly accessible and adaptable solution for hospitals and health systems to deliver high-quality, technology-enabled care.

Next DLP Partners With Torq And Signs Rivian As A Customer To Prevent Data Loss And IP Theft

By Annie Baker ● Nov 20, 2023

Next DLP - a leader in insider risk and data protection - recently announced a strategic partnership with security hyperautomation pioneer Torq in a deal designed to combat insider risk through heightened detection and automated response actions. And electric adventure vehicle company Rivian will utilize the deep visibility provided by the joint solution to shine a light on insider risk to prevent accidental data loss and stop malicious theft of valuable intellectual property. This will fully integrate Next DLP's Reveal Platform, a user-centric, flexible, cloud-native, AI/ML-powered cybersecurity solution, with the enterprise-grade Torq Hyperautomation platform, which automates and connects complex security infrastructures at a dramatic scale.

Emerging Travel Group Reports Turnover Of More Than $2 Billion

By Amit Chowdhry ● Nov 18, 2023

Emerging Travel Group - a global travel company operating the RateHawk, ZenHotels, and Roundtrip brands - recently announced its turnover of over $2 billion in the first three quarters of 2023, as the third quarter saw record revenue. And the Group's net booking value is up 40% in Q1-Q3 2023 compared to the same period in 2022. This record performance has supported a strong first nine months overall.

Cyber Innovation Center: $129 Million In Federal Funding Awarded

By Amit Chowdhry ● Nov 10, 2023

The Cyber Innovation Center (CIC) - a catalyst for the development and expansion of a knowledge-based workforce - recently announced a total of $129 million in federal funding to continue industry-leading innovation through CYBER.ORG and STRIKEWERX, its leading subsidiary organizations driving innovation in the region.

American Express Launches Business Checking For All Eligible U.S. Small Businesses

By Amit Chowdhry ● Nov 10, 2023

American Express recently announced that American Express Business Checking is now available to any eligible U.S. small business. This offers a digital banking experience with no monthly fees, 24/7 service, and the ability to earn and redeem Membership Rewards points for select travel and for deposits directly into their Business Checking account.

Ansys And Materialise Partner To Advance Additive Manufacturing Software

By Amit Chowdhry ● Nov 8, 2023

Ansys (a global leader in engineering simulation software) and Materialise (a global leader in 3D printing software and service solutions) are joining forces to deliver integrated digital solutions to help overcome workflow challenges in the AM industry. This partnership will seamlessly integrate Ansys Additive Suite into Materialise’s data and build preparation tool Magics.

How Emory Healthcare And DrFirst Will Assist Patients With Medication Adherence

By Amit Chowdhry ● Nov 7, 2023

Emory Healthcare - the most comprehensive academic health system in Georgia - recently announced that it is collaborating with healthcare technology pioneer DrFirst to help patients access and adhere to affordable, appropriate prescription medications for their health conditions and ailments. Research has shown that medication adherence is a primary determinant of success in patient outcomes. At the same time, non-adherence can lead to a worsening of diseases and disorders, increased healthcare costs, and even death.

How Certa Is Using AI For Faster Third Party Interactions

By Amit Chowdhry ● Nov 6, 2023

Certa - a leader in third-party management solutions - recently launched CertaAssist, an intuitive AI companion powered by the advanced Certa AI. This launch combines advanced generative AI technology with third-party management, marking a new era in operational agility by offering AI-powered workflow optimization, intuitive data visualization, and streamlined supplier onboarding.

Cribl: Over $100 Million In ARR Achieved

By Amit Chowdhry ● Nov 3, 2023

Cribl - a data engine for IT and Security - recently announced that it has surpassed $100 million in annual recurring revenue (ARR), growing from $1 million to $100 million in ARR in less than four years.

Why Accenture Is Buying Comtech Group And ConcentricLife

By Amit Chowdhry ● Oct 31, 2023

Accenture recently announced that it has acquired Comtech Group and ConcentricLife. These are the details of the deals.

Innerworld: $2 Million Grant Received From NIMH

By Amit Chowdhry ● Oct 30, 2023

With the global mental health crisis spreading, Innerworld emerged as a proven effective solution to reduce symptoms of depression and anxiety. The company offers peer-to-peer support groups with expert guides trained in Cognitive Behavioral Immersion, providing evidence-based tools during live groups in social virtual worlds. Innerworld recently received $2 million in funding from the National Institute of Mental Health (NIMH) to conduct a randomized control trial at the University of Southern California to continue testing the effects of CBI on depression.

NorthRock And Sammons Financial Group Partnering To Transform the Wealth Management Industry

By Amit Chowdhry ● Oct 26, 2023

NorthRock Partners, a full-service financial and lifestyle advisory firm, and Sammons Financial Group, a leading financial services company, recently announced an industry-setting partnership to enhance and expand the innovative client-centric approach that has made NorthRock a leader in the wealth management industry.

AMN Healthcare Buying MSDR For $300 Million: Details

By Annie Baker ● Oct 26, 2023

AMN Healthcare - the leader and innovator in total talent solutions for healthcare organizations across the United States - recently announced a definitive agreement to acquire MSDR for a purchase price of $300 million. MSDR comprises two healthcare staffing companies specializing in locum tenens and advanced practices: Medical Search International (MSI) and DRW Healthcare Staffing (DRW).

Donorbox Surpasses $2 Billion In Charitable Transactions

By Amit Chowdhry ● Oct 26, 2023

Donorbox - a technology-powered platform for fundraising - has celebrated the processing of over $2 billion in donations. And Donorbox enables nonprofits across the globe to quickly and efficiently raise funds online with one of the lowest transaction fees in the industry. The surpassing of the $2 billion signifies the massive impact the company has had in helping nonprofit organizations make a lasting impact on their respective communities.

Sinch Advances Mailgun Product Suite

By Amit Chowdhry ● Oct 25, 2023

Sinch - a company that powers meaningful conversations between businesses and their customers through its Customer Communications Cloud - announced that Mailgun Optimize, the first deliverability solution built on an email-sending platform, and Mailgun Validate, the fastest and most accurate address verification solution, are now part of the Sinch Mailgun product suite.

How Sirion Is Working With IBM To Advance Enterprise Contract Management

By Amit Chowdhry ● Oct 25, 2023

Sirion - a leader in AI-powered contract lifecycle management (CLM) - recently announced a collaboration to embed IBM watsonx to redefine CLM for enterprises. As the first adopter of this combined offering, IBM is also deploying Sirion CLM to help streamline its own order-to-cash (O2C) and source-to-pay (S2P) processes.

Lendbuzz: $235 Million Asset-Backed Securitization Completed

By Dan Anderson ● Oct 25, 2023

Lendbuzz - a fintech company utilizing AI to provide auto loans to a broad spectrum of borrowers - recently announced that it has closed a $235 million securitization collateralized by a pool of retail automobile contracts made to obligors and secured by new and used automobiles, light duty trucks, and vans.

University Of Alberta: New Fund Launched To Invest In Startups

By Amit Chowdhry ● Oct 25, 2023

The University of Alberta recently launched a new fund to invest in startup ventures to solve the world's complex challenges and diversify Alberta’s economy, providing much-needed funding and more support for innovators and entrepreneurs. And the University of Alberta Innovation Fund - which private donors and public partners support - will work with startups to mobilize the university’s research expertise, innovation, and creativity.

Butler University, gener8tor, And TechPoint Unveil Education And Workforce Innovation Accelerator

By Annie Baker ● Oct 25, 2023

Five startup companies will receive $100,000 each thanks to a new accelerator program focused on transforming education and workforce learning, especially with advanced technology. And this funding will be provided through a new partnership between Butler University, gener8tor (a global venture firm that operates accelerator programs), and TechPoint.

Feinstein Institutes Granted $6.1 Million For Funding Bipolar Disorder Patient And Research Hub

By Noah Long ● Oct 24, 2023

The researchers at The Feinstein Institutes for Medical Research received a $6.1 million grant from Breakthrough Discoveries for Thriving with Bipolar Disorders Foundation (BD2) to serve as a hub of six other sites across the country. And each site will evaluate patients and collectively offer the best treatment and clinical trial options using cutting-edge biotechnology, big data analytics and an unprecedented data ecosystem to address bipolar disorder in an innovative, equitable, and rigorous way.

Honda, GM, And Cruise Planning To Launch Driverless Ride Service In Japan

By Dan Anderson ● Oct 19, 2023

Honda Motor announced it is planning to set up a joint venture with General Motors and Cruise to start a driverless ride service in Japan in early 2026. The three companies are planning to launch the joint venture in the first half of 2024, assuming regulatory approval.

Netflix Increases Prices As Subscriber Count Rises

By Noah Long ● Oct 19, 2023

Netflix announced it is increasing the prices for some customers while also reporting an increase in its subscriber base.