Innovation

Roper Technologies Buying Syntellis Performance For $1.25 Billion: Details

By Amit Chowdhry ● Aug 12, 2023

Roper Technologies recently announced that it completed the acquisition of Syntellis Performance Solutions for a net purchase price of $1.25 billion, including a $135 million tax benefit resulting from the transaction. And the net purchase price represents approximately 15 times Syntellis’ expected 2024 EBITDA.

Aspen Neuroscience: FDA Clears New Drug Application for ANPD001, Autologous Cell Therapy For The Treatment of Parkinson’s Disease

By Amit Chowdhry ● Aug 12, 2023

Aspen Neuroscience recently announced that the U.S. Food and Drug Administration (FDA) has cleared its Investigational New Drug (IND) application, enabling the company to proceed with a clinical trial for ANPD001, which is a personalized (autologous) cell therapy to treat Parkinson’s Disease by replacing lost dopamine neurons.

Samsung, MemVerge, H3 Platform, And XConn Reveals Memory Pooling And Sharing For ‘Endless Memory’

By Amit Chowdhry ● Aug 11, 2023

At Flash Memory Summit, Samsung, MemVerge, H3 Platform, and XConn recently unveiled a 2TB Pooled CXL Memory System. This system addresses performance challenges faced by highly distributed AI/ML applications. The challenges include issues like spilling memory to slow storage when the main memory is full, excessive memory copying, I/O to storage, serialization/deserialization, and Out-of-Memory errors that can crash an application.

Cocrystal Pharma Picks Novel Oral Protease Inhibitor CDI-988 As Norovirus Lead

By Amit Chowdhry ● Aug 11, 2023

Cocrystal Pharma - a clinical-stage biopharmaceutical company dedicated to developing novel small-molecule antiviral therapeutics - recently announced the selection of its novel, oral, broad-spectrum 3CL protease inhibitor CDI-988 as a potential oral therapy for norovirus. The randomized, double-blind, placebo-controlled Phase 1 study of CDI-988 is approved by Australia Human Research Ethics Committees (HREC). The study is designed to access the safety, tolerability, and pharmacokinetics of CDI-988.

Middleware: Cloud Observability Company Raises $6.5 Million

By Amit Chowdhry ● Aug 10, 2023

Middleware - a disruptive AI-based cloud observability platform provider - announced that it raised $6.5 million in seed funding to simplify and supercharge cloud observability. This funding round will enable the company to revolutionize how businesses utilize observability stacks in the age of AI.

ShapesXR: VR Design And Collaboration Platform Company Raises $8.6 Million

By Amit Chowdhry ● Aug 9, 2023

ShapesXR - a VR design and collaboration platform - recently announced it has secured a $8.6 million seed round led by Supernode Global. Triptyq VC, Boost VC, Hartmann Capital, and Geek Ventures also participated in the round. The other contributors to ShapesXR’s seed round include The WXR Fund, StratMinds VC, Ludus Ventures, The Venture Reality Fund, HTC Vive, Leta Capitaland Remote First Capital.

Sirion Partners With Mindcrest To Integrate AI Into Legal Services Offerings

By Amit Chowdhry ● Aug 9, 2023

Sirion - a global leader in AI-powered contract lifecycle management (CLM) - recently announced an agreement with Mindcrest, the legal operations division within DWF, a global provider of integrated legal and business services. This agreement will combine Mindcrest's vast industry expertise with Sirion’s best-in-class AI technology.

JMI Equity: Growth Investment Firm Reveals Promotions

By Amit Chowdhry ● Aug 9, 2023

JMI Equity (JMI) - a growth equity firm focused on investing in leading software companies - recently announced the promotions of Lindsay Mehta to Director, Investor Relations & Marketing, and Christian Kurth to Principal. And Mehta will continue to lead the Firm’s relationships with its limited partners and marketing initiatives. As a Principal, Kurth will provide strategic and operational support to JMI’s portfolio companies while continuing to source and evaluate investment opportunities. Plus, JMI announced the promotions of Dina Berdichevsky and Josh Wang to Vice President.

BMW Group, Airbus, And Quantinuum Collaborating To Fast-Track Sustainable Mobility Research With Quantum Computers

By Amit Chowdhry ● Aug 9, 2023

Airbus, BMW Group, and Quantinuum, world leaders in mobility and quantum technologies, announced that they developed a hybrid quantum-classical workflow to speed up future research using quantum computers to simulate quantum systems, focusing on the chemical reactions of catalysts in fuel cells.

Inspera Buying AI Authorship Detection Company Crossplag

By Amit Chowdhry ● Aug 9, 2023

Inspera - a leading provider of digital assessment solutions - recently announced the strategic acquisition of Crossplag, a powerful tool for originality checking and AI authorship detection. And Inspera's cloud-based assessment ecosystem offers a comprehensive suite of capabilities for seamless assessments, from planning and design to delivery and grading across various formats. The assessment types include formative, summative, and diagnostic exams, coursework, tests, quizzes, term papers, etc.

Department of Energy Office Awards $529 Million To Michigan State University’s Facility For Rare Isotope Beams

By Amit Chowdhry ● Aug 9, 2023

The U.S. Department of Energy Office of Science (DOE-SC) has awarded $529 million to continue world-leading nuclear science research at the Facility for Rare Isotope Beams (FRIB) at Michigan State University. And the new cooperative agreement provides $529,068,000 over five years to operate FRIB as a DOE-SC user facility to enable unprecedented discovery opportunities envisioned by a user community of 1,800 scientists, supporting the DOE-SC Office of Nuclear Physics mission.

ClearSale: Brand Protection Launched To Stop Phishing, Fake Accounts, And Counterfeit Products

By Amit Chowdhry ● Aug 9, 2023

Global ecommerce risk prevention provider ClearSale recently announced the launch of its new Brand Protection platform. And Brand Protection by ClearSale uses AI and digital intelligence to continuously scan for and report brand impersonation attacks such as fake social profiles, ads, and websites; counterfeit products; and phishing attacks.

Criteria: Talent Success Platform Company Launches Live Interviewing Solution

By Amit Chowdhry ● Aug 8, 2023

Criteria - a market-leading SaaS talent success platform - recently announced the release of its Live Interviewing solution. This tool can be used for interviewing in any format, whether in-person, over the phone, or via video.

RealPage Reveals AI-Powered Multifamily Demand Optimization Solution Demandx

By Amit Chowdhry ● Aug 8, 2023

RealPage - a leading global software and data analytics provider to the real estate industry - recently announced a new property demand intelligence solution called Demandx during the company’s annual customer conference RealWorld.

Nokia: First Telecom Company To Manufacture Fiber-Optic Broadband Network Electronics And Optical modules In The U.S. Via BEAD Program

By Amit Chowdhry ● Aug 8, 2023

Nokia recently announced it is the first telecom company to announce the manufacturing of fiber-optic broadband network electronics products and optical modules in the U.S. for use in the Broadband Equity, Access and Deployment (BEAD) program.

Sonio: FDA 510(k) Clearance Received For Use Of AI In Prenatal Ultrasounds

By Amit Chowdhry ● Aug 5, 2023

Sonio - an AI company revolutionizing fetal ultrasounds - recently announced that their proprietary approach to ultrasound exams on pregnant people has been recognized in the United States as a product that meets health performance and safety standards. And Sonio has received Regulatory Class II FDA clearance for Sonio Detect. This product uses AI to ensure high-quality exams, automatically detecting views and quality criteria of ultrasound images.

Lightbend: Enhanced Developer Experience for Kalix Launches

By Amit Chowdhry ● Aug 5, 2023

Lightbend - the company providing cloud-native microservices frameworks for some of the world’s largest brands - recently announced a completely new Developer Experience (DX) for Kalix, a unique Platform-as-a-Service (PaaS) offering that delivers an innovative programming model explicitly designed to quickly build scalable, mission-critical, stateful applications in a serverless architecture while focusing solely on the application's business logic.

Allarity Therapeutics And FivepHusion Collaborating On The Support Of Clinical Development Of Deflexifol

By Amit Chowdhry ● Aug 4, 2023

Allarity Therapeutics - a clinical-stage pharmaceutical company developing novel oncology therapeutics together with drug-specific DRP companion diagnostics for personalized cancer care - and Detsamma Investments Pty. Ltd. trading as “FivepHusion,” which is an advanced clinical-stage biotechnology company developing Deflexifol, an optimized all-in-one formulation of the chemotherapeutic agent 5-fluorouracil (5FU) and its biomodulator leucovorin (LV), announced recently that the two companies have entered into a Clinical Collaboration Agreement.

Feinstein Institutes Researchers Use Double Neural Bypass To Restore Feeling And Movement In Man Living With Quadriplegia

By Amit Chowdhry ● Aug 3, 2023

In a first-of-its-kind clinical trial, bioelectronic medicine researchers, engineers, and surgeons at Northwell Health’s Feinstein Institutes for Medical Research have successfully implanted microchips into the brain of a man living with paralysis and have developed artificial intelligence (AI) algorithms to re-link his brain to his body and spinal cord. And this double neural bypass forms an electronic bridge that allows information to flow again between the man’s paralyzed body and brain to restore movement and sensations in his hand and lasting gains in his arm and wrist outside of the laboratory.

Ansys Expanding AI Offerings With New Virtual Assistant

By Amit Chowdhry ● Aug 1, 2023

Ansys recently announced the limited beta release of AnsysGPT, a multilingual, conversational AI virtual assistant set to revolutionize the way Ansys customers receive support. Developed with state-of-the-art ChatGPT technology available via the Microsoft Azure OpenAI Service, AnsysGPT uses well-sourced Ansys public data to answer technical questions concerning Ansys products, relevant physics, and engineering topics within one comprehensive tool.

NTSCOM Broadens Global International Calling Plans To Over 50 Countries

By Amit Chowdhry ● Jul 31, 2023

NTSCOM announced that it has chosen to provide Universal Calling Plans from NTT Ltd., a leading IT infrastructure and services company, to over 50 countries globally. This will expand the ability of NTSCOM to meet the growing demand for UCaaS calling plans worldwide while also allowing access to these plans to the rapidly growing iPILOT Value Added Reseller and Agent markets.

Rimini Street Reveals Expansion And General Availability Of Manage Services For SAP Cloud Products

By Amit Chowdhry ● Jul 31, 2023

Rimini Street - a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner - recently announced its expansion of its Rimini Manage for SAP products to include SAP cloud applications.

SoftBank Group And Symbotic Launching New $100 Million Joint Venture

By Noah Long ● Jul 28, 2023

SoftBank Group and Symbotic (a leader in A.I.-powered automation technology for the supply chain) recently announced the establishment of GreenBox Systems LLC, a new joint venture to address the more than $500 billion annual warehouse-as-a-service market opportunity.

Hitachi Vantara Collaborates With Microsoft For Unified Compute Platform

By Amit Chowdhry ● Jul 28, 2023

Hitachi Vantara - a modern infrastructure, data management, and digital solutions subsidiary of Hitachi, Ltd. (TSE: 6501) - recently announced the next evolution of its collaboration with Microsoft to launch Hitachi Unified Compute Platform (UCP) for Azure Stack HCI.

Orennia: Energy Transition Analytics Platform Company Lands $25 Million In Funding

By Annie Baker ● Jul 25, 2023

Orennia - recently announced the completion of its Series B financing - raising US$25 million to accelerate the growth of its best-in-class data and analytics platform. And the investment highlights Orennia’s differentiated solution for the energy transition with insights across the renewables, storage, clean fuels and decarbonization sectors. Orennia increases returns for the most sophisticated developers, investors, bankers, and corporations by providing up-to-date and reliable energy transition analytics.

Kearney Buying Silicon Foundry For Expanding Strategic Transformation And Innovation

By Amit Chowdhry ● Jul 24, 2023

Kearney - a leading global management consulting firm - recently announced the acquisition of Silicon Foundry. And this acquisition represents the firm's commitment to helping C-suite executives truly transform their organizations by providing corporate executive leaders worldwide with access to the most cutting-edge new technologies, start-ups, and venture investors at the core of the innovation ecosystem.

AnyRoad Launches AI-Powered Feedback Assistant Pinpoint

By Amit Chowdhry ● Jul 18, 2023

AnyRoad - a leading platform for data-driven experiential marketing - recently announced Pinpoint, a new AI-powered feedback assistant that helps you understand precisely what drives positive and negative brand experiences and the actions you can take to improve impact and ROI. Powered by Natural Language Processing (NLP) and Generative AI, AnyRoad's new Pinpoint feature helps brands analyze consumer feedback, uncover trends, and rapidly adapt their brand experiences.

Trellix: CISO Council Launched With Top Cybersecurity Experts

By Amit Chowdhry ● Jul 18, 2023

Trellix - a cybersecurity company delivering the future of extended detection and response (XDR) - announced its new Mind of the CISO initiative, bringing global attention to the needs of the CISO community. And the collaborative efforts span an inaugural CISO Council, research, and webinars.

Schneider Electric: Catalyze Partnership With Intel And Applied Materials For Decarbonizing Semiconductor Value Chain

By Amit Chowdhry ● Jul 18, 2023

Schneider Electric - a leader in the digital transformation of energy management and automation - recently launched Catalyze, a new partnership program to accelerate access to renewable energy across the global semiconductor value chain.

ARMA International: Nathan Hughes Joins As CEO

By Amit Chowdhry ● Jul 15, 2023

ARMA International - the world’s leading membership organization serving professionals who manage and govern information assets - announced the promotion of Nathan Hughes, CAE, IGP, to Chief Executive Officer. Hughes has been pivotal in the transformative growth of the organization and the continued expansion of support provided to ARMA International’s members globally.