“The increasing adoption of advanced robotics, artificial intelligence (AI) and 5G connectivity is facilitating the use of autonomous solutions within the warehouse,” said Carlos Kokron, vice president, Qualcomm Technologies, Inc. and managing director, Qualcomm Ventures Americas. “Third Wave Automation’s shared autonomy approach with continuous learning capabilities delivers immediate value to the customers by easily integrating with existing workflows while enhancing labor productivity and safety. We are excited to invest in Third Wave Automation to bring next-generation autonomy to the forklifts.”

Also Read: Scientific Systems Announces Tom Frost as SVP of the Products Division

The strategic investment will enable TWA to accelerate new innovations as its first product expands its select pilot program. With the funding, TWA plans to expand its market offerings, accelerate new solutions for automating other classes of forklifts, including narrow aisle and counterbalance trucks and integrate with automation solutions, such as Fetch Robotics, which is now part of Zebra Technologies.

“As our supply chain customers continue to battle labor shortages, they are turning to  automation solutions to improve productivity. TWA’s autonomous, high-reach fork trucks streamline warehouse workflows, enabling operators to increase throughput and lower costs while also improving worker safety,” said Tony Palcheck, managing director of Zebra Ventures at Zebra Technologies. “TWA’s approach aligns with Zebra’s goals, and we look forward to working with Arshan and the Third Wave team to improve material handling operations.”

TWA Reach Offers Ultimate Flexibility with Four Deployment Modalities
TWA Reach is the only forklift automation solution on the market today that offers users the flexibility to deploy their fleet in four modalities – fully autonomous, remote operation, remote assist and traditional manual operation. The TWA Reach, which was named One of the Best Robots of CES 2023, is a fully automated reach truck solution that can operate in 10+ foot aisles up to 366 inches high in base configurations. Because it can easily integrate into existing workflows with no costly infrastructure changes commonly required by traditional automation solutions, users can see an immediate impact with the TWA Reach solution. In pilot deployments, TWA Reach has been instrumental in enabling users to meet their daily quota of throughput in inbound putaway, replenishment and outbound workflows.

“After successfully deploying our solution with key pilot customers, we are excited to expand the TWA Reach pilot program. This enables us to explore additional automation workflows and continue deploying flexible forklift automation technology,” said Arshan Poursohi, TWA’s co-founder and CEO. “With the strategic investment from Qualcomm Ventures and Zebra Technologies, we look forward to scaling production of our forktrucks, deploying them with new customers in a wide variety of sites, continuing to innovate with new applications and additional materials handling vehicles, and perfecting our fleet management.”

SOURCE: PR Newswire

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“Imagine if ChatGPT and your financial advisor had a baby – that’s what you can get with Magnifi Personal. Rather than doing the investing for you, our AI assistant enables you to craft self-directed, diversified portfolios through an ever-expanding knowledge base of past and present market insights,” said Tom Van Horn, Chief Product Officer at Magnifi¹. “Our survey found that 84 percent of Americans had positive or neutral feelings toward AI, which is encouraging news. That means we are transforming the reality of personalized AI assistance by redefining what’s possible for investing for your financial future.”

Also Read: Scientific Systems Announces Tom Frost as SVP of the Products Division

AI assistants like Magnifi Personal are increasingly relevant as investors gain more and more access to “do-it-yourself” investing. Additionally, AI’s ability to provide hyper-personalization and analyze large amounts of data makes it extremely valuable to a do-it-yourself investor. This technology is exciting for Americans, as the Magnifi survey found that six of ten respondents expressed an optimistic attitude toward AI, stating they are excited for it to make their lives easier and better (24 percent) and believe it has the potential to improve their lives (36 percent).

There are various ways Americans are looking to use AI guidance for investing:

• 32 percent are most looking forward to its ability to analyze historical data and trends
• 25 percent are looking for AI to help conduct faster investing research
• 17 percent want assistance to monitor investments to stay on track for financial goals
• 15 percent are looking for its ability to help them understand complex financial terms
• 11 percent are most excited for AI to give investing recommendations

“The good news is, Magnifi Personal’s AI already has the ability to help investors with each of these aspects of investing, so it’s up to the individual investor to decide how and to what extent they incorporate AI into their investing strategy,” said Van Horn.

“Ultimately, our goal is to simplify investing, so people can approach it without fear. With a personalized AI assistant, many more can now invest to grow their wealth and pursue financial freedom,” added Dr. Vinay Nair, Founder and CEO at TIFIN.

SOURCE: PR Newswire

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The buyback will include over 270 employees globally. Eligible employees will participate in the repurchase and liquidate 40% of their vested ESOP units. At 5x the book price of each unit, this program provides liquidity options and will be a wealth-creation opportunity for the organization’s leading employees.

Also Read: Regie.ai Closes A-Round Funding With Additional $6 Million Investment from Khosla Ventures, Totaling $20.8 Million

“Tredence embraces a transformative leadership framework we call ACE: Advisor to the Customer, Coach-Captain to the Team and Entrepreneur to the Business. The framework aims to institutionalize a ‘Founder’s Mindset’ among employees that provides an exploratory environment for bold innovation. The buyback program will recognize and reward employees who strive every day to make Tredence the most indispensable analytics company on the planet,” said Shub Bhowmick, Chief Executive Officer & Co-founder, Tredence.

“We are excited about Tredence’s next stage of growth. Our employees are the force behind our success, and we are delighted to recognize their outstanding efforts. This investment is a testament to our commitment to creating value for our employees and providing them with meaningful wealth-creation opportunities. As we continue to grow & evolve, we remain dedicated to creating a culture of innovation and collaboration. This employee stock buyback program is just one way we demonstrate our commitment to our employees and our shared vision for the future,” said Pratap Daruka, Chief Financial Officer, Tredence.

Tredence currently employs 2,000 people, with 80% of the workforce in India. By the end of 2023, the company plans to expand its workforce to 3,000. Nearly 700 of new employees will be hired in India. Additionally, the expansion will create jobs in North America, Canada and the UK. The company also plans to open a near-shore delivery center in Latin America.

In 2022, Tredence doubled its revenue while raising $175 million in Series B funding from Advent International to strengthen vertical capabilities and reach a broader customer base.

SOURCE: PR Newswire

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Faced with ongoing economic turbulence and talent shortages, many businesses are turning to AI to jumpstart and streamline their current workflows. Regie.ai solves these pain points for enterprises – including AT&T, Spectrum Wireless, Crunchbase, Upwork, Asana, and more – by providing a first-of-its-kind generative AI platform for enterprise go-to-market (GTM) teams.

“Regie.ai is the only platform that can learn the voice of its customers,” said Srinath Sridhar, CEO and co-founder of Regie.ai. “Nobody wants the same email sequence that general-purpose AI models will produce for everyone. Instead, Regie.ai learns the customer’s customers through their CRM data, historic email outreach and results that it has shown, and the successful personas that have been targeted, and weaves that all into a unified campaign.”

“We are excited to see developments in the generative AI space,” said Kanu Gulati, partner at Khosla Ventures. “We invest early in companies that are making bold bets, and in Regie.ai we have a team that continues to push the boundaries of what is possible with AI today for the enterprise.”

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Regie.ai is building the world’s first platform that leverages both the public datasets via GPT-3 and the private datasets that an organization has within this cloud to provide a custom campaign that is unique to their storytelling. Regie.ai builds on OpenAI’s GPT-3 technology and is used by enterprise sales team to

• Create custom Sales Sequences – Regie.ai writes original sequences in minutes using generative AI and best practices, making sequence writing time efficient and effective. It also integrates with leading sales engagement platforms like Outreach.io, SalesLoft, and Hubspot, reducing the time it takes to get your messaging in market and start seeing results.
• Write hyper-personalized emails – Regie.ai’s Browser Extension makes it possible for sellers anywhere to quickly personalize their one-to-one emails, access the desired sales collateral and analyze their messages for inclusivity and effectiveness.
• Store relevant sales content – Regie.ai’s Content Management System not only stores all of the content you generate, but can also create and analyze that content when it is shared with target personas, eliminating the need for additional expensive software solutions and supporting the trend toward consolidation.

Regie.ai by the numbers
Since its founding in 2020, Regie.ai’s annual revenue growth has consistently increased, topping 365% year-over-year growth from 2021 to 2022 and coming off its strongest quarter in company history. Regie.ai currently has nearly 40 employees across 4 countries and in the past 12 months, the company strengthened its leadership bench with key hires including LeeRon Yahalomi, (Head of Customer Success, formerly of HR Tech Textio and EdTech DreamBox Learning), Nina Butler, (Head of Marketing, formerly of B2B SaaS gifting platform Alyce) and Thomas Tobin (Head of Product, formerly of B2B SaaS revenue acceleration platform Drift and cloud communications platform Twilio).

SOURCE: PR Newswire

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Magic is developing an “AI colleague” for software engineering. Like a human engineer, it aims to communicate in natural language and collaborate with users on complex code changes. Powered by large language models, the product operates like an AI pair programmer able to understand and continually learn more about the context of the work and the user.

Also Read: Thoughtworks Acquires Leading Australian AWS Consultancy, Itoc

Magic co-founder and CEO Eric Steinberger said, “Our mission is to deploy AI to accelerate science and make the world more productive. For decades, technology was just a tool; soon it will be a colleague. The adoption of ‘AI assistants’ in the workplace will be as impactful as the industrial revolution, and it’s important to get this transition right.” He added, “I’m excited to be applying our technology to the field of software engineering; it’s highly complex, collaborative, and a bottleneck for many organizations. Due to what remains a tight technical talent market, many organizations are unable to hire the engineers they need. Magic will enable people and organizations to build game-changing technology faster and more easily than has ever been possible before.”

Before founding Magic in 2022, Steinberger founded ClimateScience.org in order to make climate change education accessible to children worldwide, worked as an ML researcher at FAIR, and studied computer science at the University of Cambridge.

“I’ve been evaluating enterprise applications for AI for the past three years,” said CapitalG partner Jill Chase who led the investment and will be joining Magic’s board. “Code generation is an obvious application for AI, given the magnitude of the software development market and the clear ROI associated with productivity gains. It’s a space where the best technology will win because the open ecosystem allows for easy distribution of the best product. Magic is highly differentiated from other code generation start-ups because it’s on a path to go far beyond simple code completion; it’s building a true AI colleague. This has the potential to fundamentally change software development.”

Elad Gil, serial entrepreneur and investor, said, “Eric and his team have a strong vision for AI’s potential in the field of code generation. I’m excited to back Magic in this exciting space.”

SOURCE: PR Newswire

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“We’ve assembled a robust, diverse portfolio of mission-critical digital infrastructure assets that we believe will generate significant buyer interest in the marketplace.”

StratCap has indicated that it is working with MCA to identify possible buyers, including cell tower and telecommunications companies, real estate firms, sovereign wealth funds, private equity investors, and pension funds, for the Fund I portfolio of assets.

Jim Condon, Managing Partner at StratCap, stated, “We believe that this is an opportune time to explore alternatives to enhance value for Fund I’s investors.” Todd Rowley, who manages Fund I and leads StratCap’s Wireless Infrastructure Group (StratCap Wireless), added, “We’ve assembled a robust, diverse portfolio of mission-critical digital infrastructure assets that we believe will generate significant buyer interest in the marketplace.”

Also Read: SPS North America Taps Advanced Analytics and AI for Improved Client Success and Efficiency

Notwithstanding the potential sale of the Fund I portfolio, the Company remains bullish on the sector and continues to acquire and manage these mission-critical assets across various platforms and verticals throughout its organization. StratCap expects to continue to expand its footprint in the digital infrastructure sector.

As of December 31, 2022, Fund I owned and managed a diverse portfolio that included over 100 individual assets located throughout the U.S. with approximately 218 tenant leases and approximately 50% remaining available tower capacity.

StratCap is a privately held, global alternative asset management platform committed to providing access to dynamic asset classes and highly experienced asset management professionals. The Company is focused on a wide range of digital economy assets with an emphasis on digital infrastructure, sustainability, and technology-centric sectors.​

SOURCE: Businesswire

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“Successful cyber-attacks start with external reconnaissance, and adversaries know how to find exposed information and vulnerabilities that can be used to target an organization,” explains Nick Ascoli, CEO of Foretrace. “Foretrace leverages the same techniques and tools used by attackers and red teams to proactively alert our clients to vulnerabilities, information exposure, and external gaps. These findings are then used to inform businesses where they’re vulnerable, allowing them to act and keep their information secure.”

Also Read: SPS North America Taps Advanced Analytics and AI for Improved Client Success and Efficiency

Foretrace Inc., based in Columbia, Md., is an External Attack Surface Management platform offering cost-effective foot printing and information gathering to keep organizations’ businesses safe from cyber-attacks. By integrating known attacker techniques, Foretrace provides clients with a clear image of what information adversaries could find.

“Cost-effective solutions like those that Foretrace offers may be instrumental in preventing the leak of important business information,” explains TEDCO’s chief investment officer, Jack Miner. “It’s exciting to be a part of Foretrace’s journey, helping them get their innovative business more exposure while, helping them to help others.”

Anyone looking to apply for their first investment from TEDCO Seed Funds must have started operations within seven years from the date of the application and investment.

SOURCE: PR Newswire

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KoreLock serves a vast market of lock manufacturers, specialty lock brands, and software companies looking to convert their existing offline locks into cloud-connected Smart Locks.

“KoreLock addresses the market need for OEM Smart Lock technology with wireless integration to access control software services,” said Grant Walter, KoreLock President and CEO. “Traditional lock companies have tried to develop their own Smart Locks but abandoned these efforts lacking the capabilities to do it themselves.”

Also Read: Atlas AI Announces Inclusive Growth Platform Availability on Google Cloud Marketplace

KoreLock specializes in embedded printed circuit board solutions that help lock manufacturers overcome the complexities of developing connected Smart Locks, reduce costs, and shorten their overall time-to-market.

“KoreLock offers a unique access control solution for the lock manufacturing industry that fits well with our focus on early-growth stage B2B technology companies,” said AJ Dye, Partner, Iron Gate Capital.

KoreLock’s patent-protected technology is embedded in over 50,000 locking devices in 65+ countries and has been tested and proven for over a decade.

“KoreLock is well-positioned for accelerated growth, anchored by partnerships with industry-leading lock brands worldwide,” added Walter. “We are investing meaningfully to expand our team, solutions, and customers.”

SOURCE: PR Newswire

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XMANNA is a leading multi-patented blockchain software provider building the future of engagement with gaming service protocols, representing the next stage in the evolution of sports loyalty applications. Leveraging cutting-edge technology and seeking to capitalize on the full technological potential of the metaverse, XMANNA is a leading project in the Web3 space.

Blu Canary is now partnering with XMANNA to facilitate the next stage of the project’s evolution. With the assistance of Blu Canary’s team of industry experts, the XMANNA token will be distributed to investors via a Security Token Offering (STO).

XMANNA’s CEO, Steve Stein, commented, “We considered several options for our next raise but signed on with Blu Canary because their deep expertise and focus on compliance gives us confidence that we raise money globally without running afoul of any country’s regulations.”

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Blu Canary is building on the foundation laid by security token pioneers and applying a third dimension to the emerging world of Web3 and decentralized finance. This approach will open up access to early-stage investments in a wide range of innovative companies.

Rory Rawlings, Blu Canary CEO, explains, “We are excited to partner with XMANNA because their business model is perfectly designed to take advantage of the third dimension for security tokens–what we call Insumer ownership. Multi-player gaming has powerful network effects that are turbocharged by security tokens. Proof of ownership via a synced wallet offers new ways to reward your community and improve retention.”

Blu Canary helps companies with large audiences and “tribal power” raise money through SEC-registered digital securities. The firm assists in funding the offerings and works with regulated partners to manage registration, when appropriate, with the SEC. This ensures the STO is fully compliant with the latest security regulations and KYC/AML requirements.

SOURCE: PR Newswire

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Flatirons Fuse, a leader in data onboarding tools, currently utilizes AI to empower organizations to streamline the data import process, allowing them to accept CSV or spreadsheet files from any data source and quickly clean the data and import it into their own system.

“We believe that there exists a gigantic need for organizations to modernize the process of getting external data into their systems. We see a large opportunity for AI to provide intelligence that will assist in the process of converting data from external sources into a clean format that is ready to be imported into a system,” said Michael Frederick, CEO. “Organizations waste a tremendous amount of time and energy importing external data into their systems inefficiently. Flatirons Fuse is designed to eliminate the pain points associated with transforming, cleaning, and importing this type of data,” he added.

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“In 2023, Michael says that Flatirons Fuse will start by adding new AI capabilities to its embeddable CSV import tool, which allows
businesses to install a branded CSV import experience in their websites to enable internal teams or customers to upload external data, transform it to a format that matches the target system, perform complex data validations, and ultimately import the newly cleaned data into the organizations’ systems.”

Importing external data and handling customer data onboarding needs can be a complex task. For smaller companies and startups, it is often critical to let customers bring their existing data to a new platform. This means taking the time and effort to make sense of external data, and convert it to a format that works for these companies. For larger enterprises, the process of importing external data via CSV file or any other means can be a very large and ongoing task, sometimes taking many months to successfully clean and import data into their systems. Flatirons Fuse strives to alleviate the headaches associated with dealing with external data, cleaning that data, and importing it into a new system.

SOURCE: PR Newswire

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