Innovation

SMART: New Research Group M3S Launched To Advance AI And Automation

By Amit Chowdhry ● Jul 15, 2023

Singapore MIT-Alliance for Research and Technology (SMART) - which is MIT’s research enterprise in Singapore - announced it launched a new interdisciplinary research group (IRG) aimed at tackling social and institutional challenges around the rise of AI and new technologies, furthering advances in these fields to create impactful value for Singapore and the world beyond.

atNorth: Iceland-Based HPC And AI Service Provider Announces Highest Revenue To Date

By Amit Chowdhry ● Jul 15, 2023

atNorth - a leading Nordic colocation high-performance computing (HPC) and artificial intelligence (AI) service provider, announced a group income of SEK 560 million (EUR 53 million) as it published its 2022 annual accounts. And this figure represents a 44% increase in revenue from 2021 with further growth expected in the coming years.

Crossbow Therapeutics: $80 Million Raised For Advancing Novel Class Of Antibody Therapies That Mimic T-Cell Receptors For Treating Cancer

By Annie Baker ● Jul 15, 2023

Crossbow Therapeutics - a biotechnology company developing a novel class of potent and precise antibody therapies to treat a broad range of cancers - recently announced an $80 million Series A funding round led by MPM BioImpact and Pfizer Ventures with participation from Polaris Partners, BVF Partners, Eli Lilly and Company, Mirae Asset Venture Investment, and Mirae Asset Capital.

Flatfile Launches Data Exchange Platform

By Amit Chowdhry ● Jul 15, 2023

Flatfile - a pioneer of AI-assisted data exchange - recently announced the release of its Flatfile Data Exchange Platform, the industry’s first extensible platform for file-based data import. And with this new release, Flatfile is reinventing the file-based data import category defined by one-size-fits-all, single-purpose CSV-import tools with an extensible, API-first, and event-driven data exchange platform for enterprise developers.

Conagen: Development Of A Debondable Textile Adhesive Announced

By Amit Chowdhry ● Jul 15, 2023

When you consider over 92 million tons of textile waste are landfilled every year, new solutions are needed to enable fabric reworking in manufacturing and recycling on a mass scale. Biotechnology innovator Conagen announced the development of a groundbreaking debondable textile adhesive from high-performance materials sourced from sustainable and natural biomolecules.

Sorcero: New Release Of AI Platform Announced

By Amit Chowdhry ● Jul 15, 2023

Sorcero - a leading provider of advanced AI solutions purpose-built for Life Sciences organizations - announced a new release of the Sorcero AI Platform. The solution enables Medical Affairs (MA) Teams to now to unify stakeholder data and accelerate data-driven decisions across the asset lifecycle. In particular, Sorcero now provides life sciences companies with an omnichannel view of the healthcare provider (HCP) journey across all touchpoints, which is critical to informing and planning Key Opinion Leader (KOL) engagement strategies. These new features are now available on the platform and via the Google Cloud Marketplace.

Roadie: General Availability Of Its Tech Insights feature Revealed

By Amit Chowdhry ● Jul 15, 2023

Roadie - a provider of Backstage as a service - recently announced the general availability of its Tech Insights feature, a software-quality tool added to its core offering of managed Spotify Backstage. Tech Insights enables software engineering teams to establish engineering standards and automatically track and report software performance against those standards.

Exabeam: User Behavior Monitoring Solution Designed For Federal Departments And Agencies Revealed

By Amit Chowdhry ● Jul 14, 2023

Exabeam - a global cybersecurity leader and creator of New-Scale SIEM for advancing security operations - recently announced a unique user behavior monitoring solution designed for federal departments and agencies on the practical steps to improve the prevention, detection, assessment, and remediation of cyber incidents targeting government organizations. This solution is available through Carahsoft’s GSA Schedule.

Ansys: Partnership With Altium And Intel 16 Process Node Signoff Verification

By Amit Chowdhry ● Jul 14, 2023

Earlier this week, Ansys made a couple of notable announcements, including Ansys and Altium boosting their designs with digital continuity and Intel Foundry Services certified Ansys multiphysics solutions for signoff verification of advanced integrated circuits (ICs) designed with the Intel 16 silicon manufacturing process.

Selector: New Capabilities Added To Platform

By Amit Chowdhry ● Jul 14, 2023

Selector AI - a leading provider of network-aware AIOps, observability, and multi-domain analytics - recently announced the addition of new capabilities to its platform, empowering organizations with unparalleled insights from the network up to the application. The enhancements move Selector forward as the first true full-stack observability and AIOPs platform.

Siemens: New Level Of Security To Discontinuous Motion Control Added In Mid-Range Segment

By Amit Chowdhry ● Jul 14, 2023

Earlier this year, Siemens introduced the new SINAMICS S210, a next-generation servo-drive system. This new system is now ready for digitalization and brings an enhanced level of safety and security to stand-alone or multi-axis machines for use in various manufacturing industries.

Crowley Appoints Eric Cunningham As VP Of Shared Services

By Amit Chowdhry ● Jul 14, 2023

Crowley has appointed Eric Cunningham as vice president of Shared Services, where he will focus on growing the company’s business relationships and capabilities for customers across the U.S., Central America, and strategic markets.

SmileDirectClub: 18 New Locations Of SmileShop Opened

By Amit Chowdhry ● Jul 14, 2023

SmileDirectClub - the med tech oral care company with the first telehealth platform for teeth straightening - recently announced the opening of 18 new locations of its patented SmileShop concept, bringing the company’s retail footprint to 128 locations across the globe. The expansion comes as SmileDirectClub celebrates its two-millionth aligner customer served through its orthodontic telehealth platform.

Vaxcyte: Second Stage Of Ongoing Phase 2 Study Evaluating VAX-24 Advanced

By Annie Baker ● Jul 14, 2023

Vaxcyte - a clinical-stage vaccine innovation company engineering high-fidelity vaccines to protect humankind from the consequences of bacterial diseases - recently announced that the ongoing Phase 2 study of VAX-24 in healthy infants is advancing to the second and final stage of the study. The independent Data Safety Monitoring Board approved moving to the second stage of the study following the review of the safety and tolerability results from the first stage. The Phase 2 study evaluates the safety, tolerability, and immunogenicity of VAX-24, the Company’s lead, broad-spectrum 24-valent pneumococcal conjugate vaccine (PCV) candidate designed to prevent invasive pneumococcal disease (IPD). Vaxcyte expects to share topline data from the primary three-dose immunization series of the study by 2025, followed by topline data from the booster dose approximately nine months later.

Elie Girard Becomes Executive Chairman Of Quantum Leader Alice & Bob

By Amit Chowdhry ● Jul 14, 2023

Alice & Bob - a global leader in the race for fault-tolerant quantum computing - recently announced the appointment of Elie Girard as its new Executive Chairman. Girard will utilize his decades of business strategy experience to advise Alice & Bob in its pioneering efforts to develop high-quality, logical qubits based on Cat Qubits technology.

DigitalOcean Buying Paperspace For $111 Million: Details

By Annie Baker ● Jul 8, 2023

DigitalOcean - the cloud for small and medium-sized businesses (SMBs) and startups - recently announced it has acquired Paperspace, a leading provider of cloud infrastructure as a service for highly scalable applications leveraging graphics processing units (GPUs).

TTEC Digital: Flagship Office In India Opened

By Amit Chowdhry ● Jul 4, 2023

TTEC Holdings - one of the largest global customer experience (CX) technology and services innovators for AI-enabled CX solutions - announced the opening of the TTEC Digital Innovation Studio – Hyderabad to strengthen the company's capabilities by integrating and orchestrating exceptional customer experiences around the world.

Inspirit: Innovative Learning Hub Launched To Offer Students With Affordable XR STEM

By Amit Chowdhry ● Jun 30, 2023

Inspirit - an Atlanta-based, research-backed EdTech startup, announced the official launch of its Innovative Learning Hub. The digital platform is offering educators affordable annual access to a premium library of virtual reality and augmented reality (XR) experiences designed for middle and high school students. Plus Inspirit's Innovative Learning Hub is the only one-stop-shop for immersive XR STEM content, enabling students to explore subjects like mathematics, physics, chemistry, biology, and trade-related careers training in a cross-platform environment.

DoorDash Launches New Features For Consumers And Dashers

By Amit Chowdhry ● Jun 28, 2023

DoorDash has announced new features for consumers, merchants, and Dashers at the inaugural Dash Forward 2023 product showcase.

Avala Launches Platform For Ethical AI Deployment

By Amit Chowdhry ● Jun 28, 2023

Avala AI - a San Francisco-based AI company pioneering a radically different approach to ethical AI deployment - announced its official launch. And the company is revolutionizing how people can contribute to, develop, and benefit from AI with a collaborative marketplace of datasets, labelers, and models in an ecosystem of products and services that directly address the challenges of AI alignment. Avala delivers market-relevant upskilling and reliable income that can be learned and earned anywhere, anytime.

Cemex Ventures Kicks Off Construction Startup Competition 2023 With July 2 Deadline

By Amit Chowdhry ● Jun 27, 2023

Cemex Ventures - Cemex’s corporate venture capital (CVC) and open innovation unit - announced it has kicked off its Construction Startup Competition 2023, which is the largest competition in the construction industry for startups. And Cemex Ventures is joined in its 7th Competition edition by prominent leaders like Black & Veatch, Dysruptek by Haskell, Ferrovial, Hilti, VINCI Group’s Leonard, NOVA by Saint-Gobain, Trimble and Trimble Ventures, and Zacua Ventures.

ALTR Launches Snowflake Native Format-Preserving Data Protection With Snowpark

By Amit Chowdhry ● Jun 27, 2023

ALTR - an innovator of automated data governance and data security solutions - announced at Snowflake’s annual user conference Snowflake Summit 2023 the expansion of its SaaS data access control and tokenization solution with Snowflake.

Meta Reveals Quest+ VR Subscription For $7.99 Per Month

By Annie Baker ● Jun 27, 2023

Meta has announced the new Quest+ VR subscription service, which will make it easier to explore the Meta Quest catalog. For $7.99 USD per month or $59.99 USD annually (a savings of more than 37%), users get access to two hand-picked VR titles every month. And when you sign up now through July 31, you will get your first month for $1 USD.

Wolfspeed: $1.25 Billion Secured Note Financing Led By Apollo Credit Funds Received

By Dan Anderson ● Jun 27, 2023

Wolfspeed - a global leader in silicon carbide technology - announced a $1.25 billion secured note financing from an investment group led by Apollo with an accordion feature for up to an additional $750 million. This financing supports the company’s previously announced U.S. expansion efforts and is a significant step toward achieving the company’s $6.5 billion global capacity expansion plan.

Advantus Health Partners: $2.9 Billion Strategic Collaboration With Medline Announced

By Amit Chowdhry ● Jun 27, 2023

During a grand opening of Medline’s new distribution center in West Jefferson, Ohio, Advantus Health Partners President Dan Hurry spoke this week about the significance of Medline’s unique strategic relationship with Advantus - which will support the improvement of quality patient care and operating performance of Advantus’s growing client base of more than 200 hospitals, 1,700 sites of care and over 600 clinics in 46 states.

Databricks Buying MosaicML In $1.3 Billion: Details

By Amit Chowdhry ● Jun 27, 2023

Databricks recently announced it has entered into a definitive agreement to acquire MosaicML, a leading generative AI platform. Combined, Databricks and MosaicML is looking to make generative AI accessible for every organization, enabling them to build, own and secure generative AI models with their own data. The deal is valued at approximately $1.3 billion, inclusive of retention packages.

IBM Buying Apptio In $4.6 Billion Deal: Details

By Amit Chowdhry ● Jun 26, 2023

IBM announced that it has entered into a definitive agreement with Vista Equity Partners to buy Apptio, a leader in financial and operational IT management and optimization (FinOps) software, for $4.6 billion. The acquisition of Apptio is going to accelerate the advancement of IBM's IT automation capabilities and enable enterprise leaders to deliver enhanced business value across technology investments.

Temple Health Integrates AI-Based Medication Management Solutions In Its Epic EHR

By Annie Baker ● Jun 26, 2023

One of the problems in health systems has been issues with inefficient medication reconciliation processes and the lack of price transparency, which often leads to patients abandoning prescriptions at the pharmacy counter after being surprised by the costs. Health technology company DrFirst recently announced that the 900-bed Temple University Health System (Temple Health) is answering these challenges by integrating AI-powered medication history and real-time prescription benefit checking solutions into its Epic electronic health record (EHR) system.

Purdue University And High Alpha Partnering To Base Programs In Downtown Indianapolis

By Amit Chowdhry ● Jun 23, 2023

Purdue University’s Executive Education programs from the Mitchell E. Daniels, Jr. School of Business and some Purdue Innovates programs in Indianapolis will be housed at High Alpha in the burgeoning Bottleworks District of Indianapolis. The recent announcement builds on Purdue’s commitment announced last week to expand the university’s academic and research excellence to the state capital while investing in and partnering with the city to create new knowledge, build startups, and connect talents with industry.

Aite-Novarica Group And RBR Rebrands To Datos Insights

By Amit Chowdhry ● Jun 23, 2023

Aite-Novarica Group and RBR announced its rebranding as Datos Insights. These companies - both global leaders in financial services technology research and data - merged in February 2022. This new brand represents an expanded vision for the combined company, which builds on its collective reach and resources. And together under the Datos Insights name, they will continue their journey with a new web presence and product enhancements to help clients achieve the most significant possible business impact.