Innovation

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.

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.