Innovation

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.

Crescendo Biologics: $32 Million Raised To Develop Targeted T Cell Enhancing Therapeutics

By Dan Anderson ● Aug 3, 2023

Crescendo Biologics Ltd - a clinical stage immuno-oncology company developing novel targeted T cell enhancing therapeutics - recently announced that it plans to augment the ongoing Phase 1b clinical trial of CB307 through the addition of a new pembrolizumab (anti-PD-1) combination expansion cohort. An additional financing of $32 million has been secured with the support of all major existing shareholders, including Sofinnova Partners, Andera Partners, IP Group BioNTech, Takeda, and Quan Capital, and new investor Kreos Capital to fund the additional combination expansion arm of the adaptive clinical protocol.

Portrait Analytics: $7 Million Closed To Ramp Up Generative AI Platform For Investment Research

By Dan Anderson ● Aug 3, 2023

Portrait Analytics, a developer of a generative AI platform for investment research and thesis creation, announced it had added $7 million in new funding. The funding round was led by Unusual Ventures, with participation from existing investor .406 Ventures and select hedge fund professionals. The investment brings Portrait's total capital raised to $10 million.

Mayfield: $250 Million AI Start Seed Fund Launches

By Amit Chowdhry ● Aug 3, 2023

Mayfield - a top-tier early-stage venture capital firm - recently announced the $250 million AI Start (the first seed fund in its history) to partner with AI-first founders starting at Day Zero. And the firm also added Vijay Reddy, an AI-focused investor with a decade of successful seed-stage experience, as a dedicated AI Start Seed Fund partner.

Vibrant: Non-Destructive Testing Technology Company Secures $3.35 Million

By Noah Long ● Aug 3, 2023

Advantage Capital - a leading impact investing firm - recently announced a $3.35 million investment in Vibrant Corporation, a non-destructive testing (NDT) technology company. And Advantage Capital led the round with several pre-existing Vibrant shareholders also participating. The company will leverage this funding to expand its workforce and increase production.

Terabase Energy: Solar Power Plant Automation Solutions Company Secures $25 Million

By Annie Baker ● Aug 3, 2023

Terabase Energy - the leader in digital and automation solutions for solar power plants - recently announced $25 million in new funding led by Fifth Wall, the largest asset manager focused on improving, future-proofing, and decarbonizing the built world, with participation from EDP Ventures and existing investors. This funding round will support the commercial scale-up of the company’s recently launched Terafab construction automation system, the world’s first automated digital field factory for solar power plant construction.

SURGE Therapeutics Completes $32 Million Series B Round For Advancing Intraoperative Immunotherapy To Improve Cancer Patient Survival

By Noah Long ● Aug 3, 2023

SURGE Therapeutics - a biotech company pioneering the delivery of immunotherapy during cancer surgery - recently announced the completion of a $32 million Series B financing led by Bioluminescence Ventures, with participation from KdT Ventures, Piedmont Capital, and existing investors 8VC, Alumni Ventures, Camford Capital, Cancer Research Institute, Intuitive Ventures, Khosla Ventures, and Pitango HealthTech.

HyAxiom: Fuel Cell And Electrolyzer Solutions Company Completes $150 Million Private Placement

By Noah Long ● Aug 3, 2023

HyAxiom - a leading developer and manufacturer of fuel cell and electrolyzer solutions - announced the completion of a private placement of convertible preferred stock in an aggregate amount of approximately $150 million led by three Korean investment firms - Korea Investment Private Equity, KDB Investment–Hana Securities and KB Asset Management.

Isometric: $25 Million Raised For Building Transparent Registry For Durable Carbon Dioxide Removal

By Amit Chowdhry ● Aug 3, 2023

Isometric is a company that has transparently surfaced previously unseen carbon removal activity data from companies across different pathways, including bio-oil sequestration company Charm Industrial, enhanced rock weathering company Eion, ocean alkalinity enhancement company Planetary, and microalgae burial company Brilliant Planet.

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.

Azolla Ventures And Prime Coalition Launches $239 Million Blended Fund

By Noah Long ● Aug 2, 2023

Prime Coalition, a nonprofit that steers and influences capital to support scalable solutions to climate change, and Azolla Ventures - an impact-first investing firm launched by Prime - have announced a $239 million blended fund.

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.

Velotix: This Data Protection Company Is Rapidly Growing In A $15 Billion Market

By Amit Chowdhry ● Jul 31, 2023

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.

CoJourney: Contract Manufacturing And Development Company Pulls In $30 Million In Funding

By Dan Anderson ● Jul 25, 2023

CoJourney - a global innovator in the manufacturing and development of cell and gene therapies - recently announced the completion of a $30 million Series A financing and expansion of its US organization and commercial manufacturing capabilities. This funding round was led by Legend Capital and supported by GL Ventures, Legend Star Investment Management, and Lake Bleu Capital.

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.

GeoCue And Argosdyne Partnering To Expand Drone Mapping Solutions In East Asia

By Amit Chowdhry ● Jul 25, 2023

GeoCue - a leader in LiDAR mapping hardware and software solutions - announced its expansion into East Asia through a strategic partnership with Argosdyne, a prominent drone manufacturer and supplier. And this collaboration will strengthen GeoCue's global distribution network and enable Argosdyne to offer TrueView 3D Imaging Sensors and LP360 LiDAR Processing Software to customers in South Korea and East Asia.

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.

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.