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Cleaning up the grid will require installing a lot of batteries to store renewable energy. Startup Element Energy has delivered a powerful proofpoint for a new way to do that more cheaply without sacrificing safety. Element has been operating what appears to be the largest grid storage plant in the world composed of previously used electric vehicle batteries, co-founder and CEO Tony Stratakos told Canary Media last week. The 53 megawatt-hour project, which is located in West Texas at a wind farm owned by mega-developer Nextera Energy Resources, came online in May, but the startup is going pub...
The latest funding will help Cresta double down on its existing product suite, scale its go-to-market efforts, and rapidly develop the next generation of virtual agents Cresta, the end-to-end generative AI platform for contact centers, today announced the closing of its $125 million Series D round of financing. The round was led by new investors WiL (World Innovation Lab) and QIA with participation from Accenture, EnvisionX, LG Technology Ventures, Qualcomm, and Workday Ventures. The round also includes returning investors Andreessen Horowitz, Greylock Partners, J.P. Morgan, Sequoia Capital, ...
Recognition as one of 200 world-changing innovations validates how LiGas can improve the performance, safety, and cost of lithium-ion batteries SAN DIEGO (October 30, 2024) —South 8 Technologies (South 8), the developer of LiGas®, a liquefied gas electrolyte for advanced lithium-ion batteries, announced today that LiGas has been named as one of TIME’s Best Inventions of 2024 in the Green Energy category. The annual list features 200 extraordinary innovations changing our lives. Traditional Li-ion batteries contain liquid electrolytes which have fire risks and a limited temperature range. Li...
These are independent reviews of the products mentioned, but TIME receives a commission when purchases are made through affiliate links at no additional cost to the purchaser. Brelyon’s Ultra Reality desktop monitor projects an immersive 122-inch image that provides a 110-degree field of view—similar to virtual reality, but without the goggles. The eye-popping system works by changing the optical depth of an image and rearranging the angle of light from each pixel, using strong computing power to blend everything seamlessly. Footage is presented in 4K resolution, which its makers call “IMAX-l...
General Motors is working with Forge Nano, a materials science startup, to find new ways to enhance the performance and lifetime of electric vehicle battery cells. The automaker’s investment arm, GM Ventures, on Wednesday injected $10 million into Forge Nano, which is developing a thin coating the startup says will help improve safety and increase the lifetime of cathode-active materials, reducing overall battery costs. As part of the strategic investment, GM and Forge Nano also signed an agreement that will potentially see the automaker using the startup’s coating, an “atomic layer deposit...
When we last reported on Hume, the AI startup co-founded and led by former Google DeepMinder/computational scientist Alan Cowen, it was the spring of 2024 and the firm had just raised $50 million in a Series B private equity funding round for its unique approach to developing a voice AI assistant. Hume, named for the 18th century Scottish philosopher David Hume, uses cross-cultural voice recordings of different speakers, matched with self-reported emotional survey results, to create its proprietary AI model that delivers lifelike vocal expressions and understanding across a range of languages...
WOBURN, Mass.--(BUSINESS WIRE)--SES AI Corporation (“SES AI”) (NYSE: SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, today announced a groundbreaking initiative to accelerate material discovery in electric transportation. By mapping the universe of small molecules using a cutting-edge supercomputer optimized for artificial intelligence (“AI”), this pioneering project aims to revolutionize the understanding of battery chemistry, enhance energy storage solutions, and advance energy efficient technology. The initiative will leverage Crusoe’s inno...
According to Josh Neuroth, the Vice President of Product at Quicknode, Layer-2 (L2) scaling solutions known as zero-knowledge (ZK) rollups can potentially solve the most pressing issues in blockchain technology. Hence, the buzz around them is “well-founded.” He added that unlike the speculation-driven non-fungible token (NFT) frenzy, interest in ZK rollups is grounded in their technical merits and capacity to improve blockchain infrastructure. ZK Rollups: A Foundational Technology In his written responses sent to Bitcoin.com News, Neuroth asserts that because ZK rollups provide tangible be...
17 January 2024 – Eatron Technologies, a pioneering developer of AI-powered battery management software for the automotive industry, has completed its A2 Series Funding, with lead investment from LG Technology Ventures and further investment from MMC Ventures, which led Eatron’s Series A. The funding, which joins additional investment from 100th Year Venture Capital and the Türkiye Development Fund (TDF), comes at a time when the industry is undergoing a rapid transition to increasingly software-defined vehicles and batteries. This investment will enable Eatron to accelerate the development ...
Image Credits: Sean Pavone / Shutterstock Despite crypto’s badly tarnished reputation following FTX’s collapse, some large corporations are warmly embracing its underlying distributed ledger technology. LG CNS, the IT solutions subsidiary of the South Korean conglomerate, has formed a strategic partnership with QuickNode, a blockchain deployment platform aiming to bring Web 2.0 services into web3. Besides announcing the partnership, LG also revealed that it has invested in QuickNode through LG Technology Ventures for an undisclosed amount. To date, QuickNode has raised around $115 million. U...
GamesBeat Next unites gaming industry leaders for exceptional content, networking, and deal-making opportunities. Join us on Oct 23-24 in San Francisco. Register Now Jadu has released a multiplayer mobile fighting game that uses augmented reality (AR) to blend the virtual and physical worlds.Dubbed Jadu, the game is available now for free download on the App Store for iPhone and iPad, as well as on Google Play for Android devices. With Jadu, the company said players can transform their surroundings into an arena where their avatars engage in real-time player-versus-player (PvP) battles with...
FOR ALL ATTENDEES KEYNOTES & SESSIONS Cutting-edge case studies from Japan and abroad Top players from around the world and Japan in a variety of fields and industries will discuss cutting-edge case studies and other issues that will help japan's growth industry to achieve further growth. Starting with the outlook for investment in Japan, the issues that need to be resolved in order to increase the number of entrepreneurs, and how to deal with ethics and governance concerning technology that is bringing dramatic change to the entire world. This is a unique opportunity to hear messages to...
2023.11.16, Thursday GROWTH INDUSTRY CONFERENCE (GRIC) is Japan's largest hybrid global conference and community specializing in the growth industrry. With the goal of "Bringing Japan's Startup Ecosystem up to Global Levels," the conference is an opportunity for top-tier ecosystem builders from Japan and abroad to present their ideas, a place to gather, and a community for challengers who continue to grow and evolve. All for the growth industry. "To the center of evolution (together)." Click here for more speaker "Dong-Su Kim" - Originally published at https://growth.forstartups.com/ | Sept...
We're thrilled to announce the return of GamesBeat Summit Next, hosted in San Francisco this October, where we will explore the theme of "Playing the Edge." Apply to speak here and learn more about sponsorship opportunities here. Inworld AI has raised $50 million funding from Lightspeed Venture Partners, bringing the valuation of the maker of an AI-based character engine for games to over $500 million. That valuation makes Inworld into a frontrunner when it comes to AI and games. The round includes additional investments from Stanford University, Samsung Next, and new and existing strategic...
LG Summit on business strategy and investment trends, where business leaders from LG, venture capital investors, start-ups and industry experts gathered and share insights and explore the latest trends. Click to see all photo galleries here. - Originally published at https://lindatranphotography.pic-time.com/ | June 27 2023...
The Israeli startup’s lactic acid and PLA bioplastic is made from 100% food waste, which is fermented using microorganisms that produce the lactic acid product, then separated via several purification steps TripleW, which produces lactic acid and PLA bioplastic from food waste, has raised $16.5 million in Series B funding led by Firstime VC and with participation of Israel Oil and Gas Fund, LG Technology Ventures, Millennium Food-Tech VC, Consensus Business Group, Eddy Shalev, John Zyskind and Tal Shapira. Full list of Israeli high-tech funding rounds in 2023 TripleW was founded in 2016 by ...
- $100m Series C round led by Kindred Ventures, with significant participation by SK Networks, Microsoft, LG Technology Ventures, Volvo Cars Tech Fund, Top Tier Capital, Hudson Bay Capital, and Socium Ventures and existing investors Tiger Global, Qualcomm Ventures, Valia Ventures, Forerunner Ventures, Lachy Groom, and Sam Altman, Founder of OpenAI - Strategic technology partners and collaborators include Microsoft, OpenAI, SK Networks, LG, and Volvo Cars SAN FRANCISCO, March 8, 2023 /PRNewswire/ -- Humane Inc. today announced it has raised a $100 million Series C round and secured a roste...
San Jose, California - February 8, 2023 –– Light Field Lab®, developers of the SolidLight™ holographic display platform, today announced it has raised a $50 Million Series B led by global game developer NCSOFT. New investors Corning, Gates Frontier, LG Tech Ventures, NCSOFT, and OTOY are joined by additional participation from current shareholders Khosla Ventures, the venture capital arms of Samsung, Verizon, Bosch, HELLA, Liberty Global, and national technology fund Taiwania Capital. LightField Lab also unveiled Defy experiences, the first of which, Space and Time, allows you to speak and int...
Hume AI, a NYC-based startup that aims to endow technology with the emotional intelligence needed to understand and care for human well-being, raised $12.7m in Series A funding. The round was led by Union Square Ventures with participation from Northwell Holdings, Comcast Ventures, LG Technology Ventures, Wisdom Ventures, and Evan Sharp (Pinterest co-founder). Led by founder and CEO Dr. Alan Cowen, an established expert in the field of affective science, Hume AI offers accurate and comprehensive AI/ML tools for understanding vocal and nonverbal communication, including speech prosody (the tu...
OTI Lumionics, an eye-catching startup out of Canada that has been working on display materials for device makers to create uninterrupted, full-view displays on their devices without the need for “notches” or cut-outs to account for camera technology — and whose name has been connected with Apple as a key supplier for a future notch-free iPhone — has raised $55 million in funding. The money will be used both to take its technology into production with a number of partners and to develop a secondary line of operations that was borne out of the first: OTI credits the breakthrough that it had wi...
AmazeVR, a Los Angeles-based virtual concert platform, said Tuesday it has raised a $17 million funding round to create immersive music experiences through virtual reality (VR) concerts. Like other industries, the entertainment sector was affected by the coronavirus lockdown. Many music artists had to cancel or push back their live events during the pandemic. Some artists and music agencies have shifted to virtual or online concerts to compensate for those canceled events. AmazeVR is betting that virtual shows, which have become popular among artists and fans since the pandemic, are going to ...
Inworld AI has raised $50 million for its developer platform for creating AI-driven virtual characters in video games and the metaverse. The firm raised the money in March and is announcing it now. It also hired special effects and entertainment pioneer John Gaeta as its chief creative officer. The company’s idea is to populate games with smarter computer-controlled characters so that players can have longer conversations with them and feel like the world is much more immersive. The company was started a year ago by conversational AI pioneers Ilya Gelfenbeyn, Michael Ermolenko, and Kylan Gib...
DONG-SU KIM LIGHTS UP WHEN HE TALKS ABOUT STARTUP companies and entrepreneurs who he has helped with capital and strategic advice during his career spanning two and a half decades. Kim is the CEO and board member of LG Technology Ventures. As the founding CEO, he started the enterprise from the ground up. Under his guidance, LG Tech Ventures manages more than $400 million of fund assets and invests in early-stage information technology, automotive, manufacturing, life sciences, energy, and advanced materials companies. Limited partners include LG Electronics, LG Chemical, LG Display, LG Energy...
Material engineering firm Meta Materials' shares rallied 19% on Monday as investors digested news about its acquisition of Optodot Corporation. Meta Materials signed a definitive agreement last week to acquire Optodot for a total consideration of $48.5 million. Management expects the acquisition to close in June. Meta Makes materials engineered to have a property that is not found in naturally occurring materials. They are made from assemblies of multiple elements fashioned from composite materials such as metals and plastics. Optodot is a leading developer and licensor of nano-composite ba...
We share this news with a deep sense of gratitude to the Jadu community. Without your consistent support and trust, our team’s rapid growth would not be possible. We have now raised a combined $45M+ to accelerate our work towards building Web3's definitive AR gaming platform. These new funds along with the success of our NFT collections give us a form of confidence and momentum that not many AR startups have ever really had. The Investors This financing was led by Bain Capital Crypto. Ever since our very first calls with Alex, Stefan and Lydia we knew we had found a partner that had the s...
The top 50: Dong-Su Kim, CEO, LG Technology Ventures Dong-Su Kim helped set up corporate venture capital (CVC) fund LG Technology Ventures for South Korea-based electronics, chemical and telecoms conglomerate LG Group in 2018. The unit oversees investments for LG Group affiliates – LG Electronics, LG Chem, LG Display and LG Uplus – which raised investment funds totalling ₩430bn ($400m) when it was formed. These LG firms help make investment decisions when the unit identifies strategically relevant startups, especially those with technologies in artificial intelligence (AI), robotics and auto...
Financing from LG Technology Ventures, Shell Ventures, TNSC, Anzu Partners, and Foothill Ventures will help increase market adoption of the company’s proven Liquefied Gas Electrolyte technology SAN DIEGO--(BUSINESS WIRE)--South 8 Technologies, a pioneer in electrolyte formulations for next-generation lithium batteries, today announced it has raised $12M in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC). South 8 will leverage the funding to accelerate the commercialization of ...
Merger transaction follows a fully funded $160 million investment in Lygos to accelerate integration and scale production to meet increasing demand for agricultural, industrial, and consumer applications BERKELEY, Calif. & VICTORIA, British Columbia--(BUSINESS WIRE)--Lygos, Inc. (“Lygos”), a vertically integrated biotechnology provider of sustainable specialty ingredients, and Flexible Solutions International, Inc. (“FSI”) (NYSE American: FSI), a developer and manufacturer of biodegradable products, today announced they have entered into a definitive merger agreement providing for an all-...
Real estate is almost always a hot investment—even, it seems, in the metaverse of the Sandbox, a blockchain-based virtual world that has sold at least $2 billion of digital “land.” Of the Sandbox’s 2.1 million users, 19,000—a number that’s up 375% year-over-year—“own a piece of that new world and are contributing to building it,” says co-founder Sebastien Borget. Big brands and celebs are getting in on the action too: in February, Gucci bought Sandbox land for an undisclosed sum to build an interactive shopping experience, while Snoop Dogg sold thousands of playable avatars for about $475 a po...
SANTA CLARA, Calif., March 9, 2022 /PRNewswire/ -- Global innovator LG Electronics and telehealth leader Amwell® have joined forces to expand the boundaries of virtual care. By combining LG's broad innovation portfolio with Amwell's deep digital health care experience, the two companies plan to jointly develop new device-based service solutions designed to make it easier for patients to access care, whether in a hospital or at home. This new alliance represents a key part of LG's strategic vision for creating new products and services for the next generation that contribute to a positive soci...
Top 50 Emerging Leaders 2022 (in alphabetical order by CVC unit): Anshul Agarwal, managing director, LG Technology Ventures Anshul Agarwal is a founding member of LG Technology Ventures (LGTV), a corporate venturing subsidiary of South Korea-listed electronics manufacturer LG that manages funds totalling over $450m and invests globally in early to growth-stage tech startups. Regarding his role, Agarwal said: “As managing director, I lead the full lifecycle of investments across various verticals and contribute to the firm’s strategy, decision-making and operations.” On what attracted him to...
Top 50 Rising Stars 2022 (in alphabetical order by CVC unit): Sungkwon Kang, director, LG Technology Ventures Sungkwon Kang is a director at LG Technology Ventures (LGTV), a corporate venture capital (CVC) arm of South Korea-headquartered diversified conglomerate LG Corporation. LGTV has seven limited partners: LG Electronics, LG Chem, LG Energy Solution, LG Display, LG CNS, LG U+ and LG Innotek. Regarding Kang, LG Technology Ventures CEO Dong-Su Kim said: “Although Sungkwon joined the CVC unit for less than a year, he already made a strong impact on the team. “He diligently sources deals, ...
Nearly a year after unveiling a megaround Series C, Arcellx is headed toward Nasdaq. The Gaithersburg, MD-based biotech penciled in a $100 million IPO raise last Friday, aiming to take its classic CAR-T therapy and experimental, controllable CAR-T to the public market. The lead program, a classical CAR-T which garnered the excitement for last April’s hefty $115 million raise, will likely head to a Phase II study with the IPO funds, Arcellx noted in its S-1. Biotech IPOs proved a hot market for the first year or so of the Covid-19 pandemic, smashing industry records in total fundraise and num...
AmazeVR, a virtual reality concert platform that enables users to experience their favorite artists’ VR concerts through content generation tools, announced today it has secured $15 million, which was oversubscribed within three weeks. Partners Investment and Murex Partners co-led the new funding, with participation from Smilegate Investment, Quantum Ventures Korea, ABC Partners, Everrich Group, GS Group’s corporate venture capital firm GS Futures, We Ventures, Base Investment and Dunamu & Partners. Previous backers Mirae Asset Venture Investment, Mirae Asset Capital, Partners Investment...
H2O.ai — a startup that has developed an open-source framework as well as proprietary apps that make it easier for any kind of enterprise to build and operate artificial intelligence-based services — has seen a surge of interest as AI applications have become more ubiquitous, and enterprises beyond tech companies want to get in on the action. Now, it has raised $100 million to fuel its growth, a round of funding that values H2O.ai at $1.7 billion post-money ($1.6 billion pre-money). This is a Series E round, and it’s being led by a strategic backer, the Commonwealth Bank of Australia (CBA), w...
Duality, a startup founded by groundbreaking cryptographers and data scientists that is building tools to make it easier for companies to share data and collaborate with each other without compromising sensitive information, has raised some funding on the back of some significant early deals, including a contract with the U.S. Department of Defense. The startup, which uses homomorphic encryption — a relatively new technique that lets companies analyze and use encrypted data without needing to decrypt it — to build more privacy-centric, secure collaboration tools, has raised $30 million in a S...
Series D financial round, co-led by Bessemer Venture Partners and Standard Industries’ investment platform 40 North, breaks record for largest investment in industrial cybersecurity to date[1] NEW YORK – June 17, 2021 – Claroty, the industrial cybersecurity company, today announced it has secured $140 million in a Series D financial round. The round marks the largest investment ever made within the industrial cybersecurity sector, establishing Claroty’s market leadership as the world grapples with an uptick in cyber attacks on critical infrastructure in recent months. The new funding will be ...
NEW YORK (April 22, 2021) – Deep Instinct, the first company to apply end-to-end deep learning, based on the only purpose-built deep learning framework for cybersecurity, announced today that it has successfully raised $100 million in Series D funding. The Deep Instinct platform can predict, prevent, and analyze cyberattacks at any touchpoint of the organization from the endpoint through to the network. This round was led by funds and accounts managed from BlackRock, with participation from Untitled Investments, The Tudor Group, an investment by Anne Wojcicki, and existing investors, including...
Virtual concert platform AmazeVR is continuing its mission of building the next evolution of music and creating a new class of artist experiences with the news announced today that the company has raised $9.5 million in funding from a number of global investment firms including Murex Partners, We Ventures, Bass Investment, and Dunamu & Partners. Existing investors including Mirae Asset Venture Investment, Mirae Asset Capital, Partners Investment and Timewise Investment also participated in the funding round. Thursday’s announcement notes that the funding will be used to hire additional s...
Snap, Supernatural, Valve, Qualcomm, Nreal, and five more companies creating the future of computing today. Consumer virtual reality (VR) headsets took a stride toward the mainstream with the release of Oculus Quest 2 this year, while augmented reality (AR) experiences have been mainly phone-bound—consisting of Snapchat overlays and Apple ARKit apps. Still, some compelling AR and VR content was produced, such as the Solastalgia short film that took honors at the Sundance Film Festival, and Valve’s new game, Half-Life: Alyx. Because of the pandemic, some businesses have begun thinking about br...
PRINCETON, NJ / ACCESSWIRE / March 4, 2021 / CerebrumX, with its industry-first, AI-driven automotive data services, and management platform, announced today the closing of Series A funding led by LG Technology Ventures, the global corporate venture capital arm of LG Group that invests in tech startups, with participation by strategic investor Cerence Inc. (NASDAQ: CRNC), the leader in AI-powered mobility experiences. The investment signifies industry endorsement of CerebrumX's technology and vision and will be utilized to drive the company's aggressive plan to tap into the automotive data ana...
High precision geo-tagging of real-time video feeds enables defense, public safety, and critical infrastructure teams to accomplish lifesaving missions GAITHERSBURG, Md., Feb. 17, 2021 /PRNewswire/ -- Edgybees, the leading provider of real-time high precision geo-registration and visual augmentation of aerial video, today announced $9.5 million in Series A Funding, led by Seraphim Capital, with participation from Refinery Ventures, LG Technology Ventures, Kodem Growth Partners, OurCrowd and Verizon Ventures. Existing investors include 8VC, Motorola Solutions Venture Capital and NFX. The inves...
Extends Data Protection Capabilities Provides Enterprises with Maximum Flexibility and Control Over Data – Wherever Data Lives Expands Safe Haven Market Opportunity SAN FRANCISCO--(BUSINESS WIRE)--LiveRamp® (NYSE: RAMP), the leading data connectivity platform, today announced that it has entered into a definitive agreement to acquire DataFleets, a cloud data platform that enables data silos to be unified without moving data or compromising privacy. This acquisition expands LiveRamp’s data protection capabilities to unlock greater data access and control for its customers. In addition, the d...
SAN MATEO, Calif., Feb. 1, 2021 /PRNewswire/ -- Phoenix Venture Partners LLC (PVP) announced today that it officially closed its latest flagship venture capital fund, PVP III LP at EOY 2020. The Fund was oversubscribed and its limited partners (both returning and new) are composed of sophisticated financial institutions, family offices, and leading multinational corporations (strategic investors). PVP III LP's strategic investors include a who's who of market leaders around the world in their respective industries, including Pfizer Inc. (NYSE: PFE), Corning Incorporated (NYSE:GLW), W. L. Gore ...
Forge Nano uses Atomic Layer Deposition to optimize automotive batteries at the atomic level. DENVER, Jan. 13, 2021 /PRNewswire/ -- Automotive batteries can now be optimized at the atomic level, improving battery performance, longevity, and safety. Emerging research shows precision coatings, applied at the atomic scale improve battery lifetime, longevity, charge time, and heat management. Using Forge Nano's platform technology, battery materials can be optimized from the atoms up, making longer lasting, faster charging, and safer batteries for nearly any application. Forge Nano's proprietar...
Asana Integrated Medical Group, which supports APC, Earns Accreditation from The Joint Commission BOSTON--(BUSINESS WIRE)--Amwell®, (NYSE: AMWL) a national telehealth leader, today announced the launch of Amwell Psychiatric Care, a solution that provides hospitals and health systems with on-demand and scheduled telepsychiatry services. The solution addresses the growing need for behavioral healthcare across the U.S. APC offers behavioral health support and clinical expertise from Asana Integrated Medical Group, which became part of Amwell in 2019 as part of its acquisition of Aligned Teleheal...
LG Group's Strategic Investment Arm Joins Series A Round, Backs Proprietary SFQ Quantum Computing Platform ELMSFORD, N.Y.--(BUSINESS WIRE)--Seeqc, the Digital Quantum Computing company, today announced that LG Technology Ventures, an investment arm of the South Korean conglomerate LG Group, is participating in its $22.4 million Series A round. The Series A round was initially announced in September 2020 and was led by the EQT Ventures fund, one of the largest venture capital funds in Europe. The round also includes an investment from M Ventures, the strategic, corporate venture capital arm o...
Round Led by Fort Ross Ventures to Support Company's Hyper Growth into Commercial Fleet Product Lines and New Geographies SAN FRANCISCO, Dec. 2, 2020 /PRNewswire/ -- Ridecell Inc., the high-yield fleet platform for digital transformation chosen by the world's leading fleets, today announced it has secured $45 million for its Series C financing round. The round was led by new investor, Fort Ross Ventures, and includes new investor Solasta Ventures. Existing investors Activate Capital, DENSO, LG Technology Ventures, and Initialized Capital also participated in the round. The Ridecell platform ...
As you may already know, there’s a lot of data out there, and some of it could actually be pretty useful. But privacy and security considerations often put strict limitations on how it can be used or analyzed. DataFleets promises a new approach by which databases can be safely accessed and analyzed without the possibility of privacy breaches or abuse — and has raised a $4.5 million seed round to scale it up. To work with data, you need to have access to it. If you’re a bank, that means transactions and accounts; if you’re a retailer, that means inventories and supply chains, and so on. There ...
Virtual specialty and scheduled visits outrun virtual urgent care, indicating rapid shift towards a hybrid virtual care model BOSTON, Oct. 6, 2020 /PRNewswire/ -- Amwell® (NYSE: AMWL), a national telehealth leader, today released the results of its annual Physician and Consumer Survey. The results show physicians and consumers expect to use telehealth more often following COVID-19 than they did before the pandemic. Telehealth usage is up considerably in 2020, with 22% of consumers and 80% of physicians having a virtual visit this year, up from 8% and 22%, respectively, in 2019. This adoption ...
Company Reinvents Remote Software Management, Remote Diagnostics and Over-the-Air Updates for the Automotive and IoT Industries TEL AVIV, Israel--(BUSINESS WIRE)--Aurora Labs, founded in 2016 by Zohar Fox (CEO) and Ori Lederman (COO), announced today that it has secured $23 million in Series B funding from top automotive manufacturers, electronics and technology corporations and venture capitalists. The round was jointly led by LG Technology Ventures, the investment arm of the LG Group, and Marius Nacht, co-founder of Check Point Software Technologies. Porsche SE, majority owner of the VW gro...
BOSTON, Sept. 16, 2020 /PRNewswire/ -- Amwell®, a national telehealth leader, today announced the pricing of its upsized initial public offering of 41,222,222 shares of its Class A common stock at an initial public offering price of $18.00 per share for total gross proceeds of approximately $742 million, before deducting underwriting discounts and commissions and offering expenses payable by Amwell. In addition, the underwriters have been granted a 30-day option to purchase up to 6,183,333 additional shares of Class A common stock at the initial public offering price, less underwriting discoun...
BOSTON, Sept. 8, 2020 /PRNewswire/ -- Amwell®, a national telehealth leader, today announced that it has commenced the roadshow for its proposed initial public offering. Amwell has filed a registration statement with the Securities and Exchange Commission ("SEC") to offer 35,000,000 shares of its Class A common stock to the public. Amwell and certain selling stockholders (the "Selling Stockholders") intend to grant the underwriters a 30-day option to purchase up to 5,250,000 additional shares of Class A common stock at the initial public offering price, less underwriting discounts and commissi...
4DReplay, a Korean media technology company that creates 360-degree video highlights, enjoys a heyday due to demand to feed broadcasting of sports competitions amidst pandemic, adding $8 million capital from latest fund-raising scheme. The company founded by former Samsung SDS engineer Jung Hong-soo, has drawn attention for its time-slicing video technology applied to professional sports in the U.S., such as NBA, PGA and UFC events. According to investment banking sources on Sunday, 4DReplay recently attracted $5 million from IMM Investment and $3 million from Murex Partners. Investors estim...
LG Group’s capital investment arm invested to aid in accelerating the adoption of OTI’s materials in next generation consumer devices TORONTO, Aug. 26, 2020 (GLOBE NEWSWIRE) -- OTI Lumionics, a leader in the development of advanced materials for consumer electronics, today announces it has received a strategic investment from LG Technology Ventures – the venture capital investment arm of LG Group. This investment will be used to help accelerate the adoption of OTI’s materials in mass production, including its ConducTorr™ CPM solution for under display cameras. Earlier this month, OTI announ...
- Edward P. Evans Foundation funding initiative to support efforts toward clinical development of Arcellx candidate cell therapy in the treatment of myelodysplastic syndromes - GAITHERSBURG, Md., Aug. 24, 2020 (GLOBE NEWSWIRE) -- Arcellx today announced the award of an EvansMDS Discovery Research Grant to Johns Hopkins University to support development of an Arcellx ARC-sparX therapy in the treatment of high-risk myelodysplastic syndromes (MDS). The collaborative effort, led by Amy E. DeZern, M.D., at the Johns Hopkins University School of Medicine, aims to advance development of ACLX-002, an...
BOSTON, Aug. 24, 2020 /PRNewswire/ -- Amwell®, a national telehealth leader, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Amwell has applied to list its common stock on the New York Stock Exchange under the ticker symbol "AMWL." Morgan Stanley, Goldman Sachs & Co. LLC and Piper Sandler are acting as lead joint book-runnin...
SAN FRANCISCO, Aug. 11, 2020 /PRNewswire/ -- Ridecell Inc., the leading platform provider for mobility operators, today announced that KINTO Share, a shared mobility program for Toyota Sweden, has selected the Ridecell High-yield Mobility Platform to run their mobility operations. The Ridecell platform runs all aspects of the service, including customer verification, vehicle lock and unlock, service management, and yield monetization analytics. In addition, the Ridecell platform automates business and operations, including fleet servicing and maintenance to ensure a top condition fleet and del...
“LG CVC has invested in Spatial, who have collaborated with Nreal, the ‘AR glasses company’, for the release of the glasses coming August 21st”. A year and a half after their CES debut, Nreal’s Light AR glasses are finally only days away from consumer availability — if you’re lucky enough to be in South Korea. Thanks to deals with Korean technology giants LG and Samsung, Light will hit stores on August 21 in bundles with two high-profile smartphones, while adding a new hardware feature and broader app compatibility beyond what was previously known. The three-ounce wearable looks almost like ...
Forge Nano launches new tools to enable nano-tech research, using Atomic Layer Deposition DENVER and THORNTON, Colo., Aug. 6, 2020 /PRNewswire/ -- Putting recent investments to work, Forge Nano Inc. launches new tool to enable Particle Atomic Layer Deposition (PALD) development. Billed as a "PhD Thesis in a box," the PANDORA tool is an easy to use, configurable DESKTOP research tool unlike anything else. PANDORA unlocks the potential of ATOMIC LEVEL surface engineering, in an impossibly compact form factor at an affordable price. PANDORA is built to exceed global and industrial standards, an...
TORONTO, Aug. 03, 2020 (GLOBE NEWSWIRE) -- OTI Lumionics, a leader in the development of advanced materials for OLED displays, today announces the latest version of ConducTorr™ Cathode Patterning Material (CPM) is ready for mass production and will start shipping to display customers in Q4 2020 for use in next generation mobile devices with under display camera and face unlock. With the increasing consumer demand for mobile devices with larger screens and smaller bezels, device manufacturers are looking for innovative solutions to make the display partially transparent so they can move the fr...
Artificial intelligence solution startup MakinaRocks said Wednesday the company has completed the Series A round, winning a total of 12 billion won ($10 million) worth of funding from large South Korean businesses including LG and Hyundai Motor. MakinaRocks develops and provides solutions that can detect and prevent errors and defects during manufacturing processes based on deep learning and enhanced learning algorithms for companies that operate complex and large-scale manufacturing facilities for automobiles, semiconductors, batteries and pharmaceutical products. The company was establishe...
The United States’ Largest Free-Floating Car Share Company Uses the Ridecell Mobility Platform to Easily Track Inventory, Rent Vehicles and Automate Operations SAN FRANCISCO, July 8, 2020 – Ridecell Inc., the leading platform provider for shared mobility operators, today announced that GIG Car Share, powered by AAA Northern California, will use the Ridecell High-yield Mobility Platform for its expansion to Seattle. Gig already uses Ridecell for its other operating cities, including Sacramento and the San Francisco Bay Area. The Ridecell platform enables Gig to operate its fleet efficiently wh...
COVID-19’s deadly potential and unpredictable transmission vectors have scuttled an untold number of live events, ranging from conferences to sports and concerts. Today, AmazeVR is promising to help musicians share concerts — but in a modified form that keeps fans safe. Rather than herding hundreds or thousands of spectators into an enclosed or semi-enclosed area, AmazeVR offers an in-person experience for small groups, as well as one that can be enjoyed individually through VR. Starting with Roc Nation-signed R&B/hip-hop duo Ceraadi, AmazeVR will offer installations that let small grou...
The Two Companies Come Together to Offer Discounted Access to Mobility Cloud Products to ZITY for Assisting Healthcare Workers During Pandemic SAN FRANCISCO, June 24, 2020 /PRNewswire/ -- Ridecell Inc., the leading platform provider for shared mobility operators, and technology company and automotive supplier Continental which also provides keyless entry solutions that enable sustainable and connected mobility, today announced that they are collaborating to support ZITY who is offering free services to medical workers. Ridecell is the platform that powers shared mobility customers, and Contin...
Telehealth Leader Investing to Serve Patients, Doctors, Hospitals and Payers During COVID-19 Crisis Amwell®, a national telehealth leader, announced it has closed its Series C financing round, adding $194 million in funding across two tranches. Many early investors and strategic partners participated in this round, including Allianz X and Takeda. Amwell will use significant parts of the funds to expand its investment in technology and services that make it easy, convenient and effective for doctors and patients to connect securely at scale. Amwell will continue to ensure that clinical encount...
Virtual-reality workspace startup Spatial is offering a free version for users. All you need is a web browser. I SHOOK HANDS with a stranger the other day. Even made a fist bump. Before you get your pitchforks out, this all happened virtually. I was in my Brooklyn living room, wearing sweatpants and a hoodie, and I tapped knuckles with Spatial's vice president of business development and strategy, who was standing in his own apartment 6 miles away. No hand sanitizer required. Spatial is a startup that enables people to meet through augmented or virtual reality. It's a little similar to the n...
LOUISVILLE, Colo., April 28, 2020 /PRNewswire/ -- Cutting edge surface technology company Forge Nano Inc. launches first-of-its-kind, free, digital summit on Particle Atomic Layer Deposition. With global trade shows and conferences cancelled, Forge Nano introduces the [PALD] SUMMIT, a LIVE digital event held on May 21st. This unique event will remain available through the end of May, for the global audience to enjoy. The event is designed to bring the scientific community and the industrial sectors together to explore the use of Atomic Layer Deposition for particles, in order to introduce the ...
Led by Millennium New Horizons and joined by new investor Unbound, Series C includes strategic participation from LG Technology Ventures and NVIDIA, joining previous investors HP Inc. and Samsung. Deep Instinct, the first and only cybersecurity company to successfully apply end-to-end deep learning to predict, identify, and prevent cyberattacks, announced its $43 million Series C funding. The round was led by Millennium New Horizons, with participation from Unbound, the London-based investment firm founded by Shravin Mittal, along with LG, and existing investor NVIDIA. Deep Instinct now count...
The worlds of virtual and augmented reality have yet to land on the applications and hardware to truly spark mass-market, consumer interest in the space, but in the meantime, a startup building mixed reality services for business users has raised a round of funding, underscoring the opportunity in enterprise. Spatial, which has developed a “holographic” collaboration platform that people use to speak and work together in virtual rooms through the use of strikingly effective avatars — think of a supercharged, virtual reality version of Zoom or a Google Hangout — is today announcing that it has...
The rest of the 50 (in alphabetical order): Robert McIntyre, investment director, LG Technology Ventures Robert McIntyre has been an investment director at LG Technology Ventures (LGTV) since 2018, the same year five affiliates of South Korea-based consumer electronics company LG founded the $425m fund as limited investors. Dong-Su Kim, senior vice-president and chief executive of LGTV, said McIntyre “brings a wealth of experience as both a venture capitalist and a serial entrepreneur” and demonstrates leadership mentoring team members and sharing investment expertise with LG business uni...
AmazeVR, a premium, cloud-based platform for high-quality VR content production and distribution, today announced that it has secured $2.5 million in additional Series A funding, bringing its A round total to $9.5 million. The additional funds were added by two strategic investors. Partners Investment, which has significant experience investing in entertainment companies, and YG Investment, a subsidiary of YG Entertainment which manages top K-pop artists and operates a record label, talent agency, music production company, event management and concert production company, as AmazeVR continues t...
ANN ARBOR, Mich., Dec. 4, 2019 /PRNewswire/ -- May Mobility, the leading autonomous Transportation-as-a-Service(TaaS) provider, announced today that it has closed a $50 million Series B round led by Toyota Motor Corporation with participation from SPARX Group alongside return investors Millennium Technology Value Partners, Cyrus Capital Partners, BMW iVentures, and Toyota AI Ventures. The round will help fund strategic hires across the engineering and operations functions, and expansion of the vehicle fleet to meet growing demand. In addition to leading the round, Toyota has selected May Mobi...
SAN FRANCISCO and MUNICH, Nov. 20, 2019 /PRNewswire/ -- eyecandylab and adidas are proud to announce their pilot project has launched at the adidas flagship store at Champs Elysees in Paris. eyecandylab, which specializes in creating interactive video-triggered augmented reality experiences, has developed a concept with adidas that brings storytelling and immersive experience within a physical store to a new level. The project integrates the existing digital video screens in the store into the storytelling, and raises awareness of adidas' sustainably manufactured products made from recycled ...
Tesloop, a Tesla fleet car sharing company, and Ridecell Inc., the leading platform provider for shared and autonomous mobility operators, today announced Tesloop's new one-way Tesla car sharing service between Los Angeles and Las Vegas, adding to its existing route between Los Angeles and San Diego. The Ridecell Fleet Ops platform will ensure the Tesla fleet operates efficiently and will provide predictive analytics on car maintenance, location, charging needs and worker dispatch. Together, the two companies provide on-time, high-quality service for travelers. "You don't have to own a Tesla ...
Ridecell Inc., the leading platform provider for shared mobility operators, today announced it has been selected by Penske Dash as the technology partner for Penske Dash carsharing. The Ridecell platform used by Penske Dash provides a complete solution for their carsharing service of Volkswagen Jetta cars, launching this week in Washington, D.C. and Arlington, Virginia. The Ridecell technology solution includes the consumer-facing mobile application, payment processing, real-time parking information and predictive analytics for fleet operations and maintenance. "Penske Dash chose Ridecell to ...
The world's first augmented reality home shopping broadcast is live since fall 2019 in South Korea: U+ AR Shopping (U+ AR쇼핑) . Together with our strategic partner LG Uplus, the leading 5G service provider in Korea, we bring the shopping mall to the homes and drive higher conversion rates and lower return rates through the use of AR. Starting with two of the largest home shopping channels, GS Home Shopping and Home & Shopping, you have access to an augmented reality shopping interface to get better product visualization such as detailed 3D scans with the possibility of virtual placement of...
Los Angeles-based virtual reality startup AmazeVR has struck a deal with Atlas V and Felix & Paul Studios to distribute the studios’ immersive content on its platform. As part of its partnership with Atlas V, AmazeVR will be the first VR video platform to carry “Gloomy Eyes,” the animated zombie tale narrated by Collin Farrell that premiered at Sundance Film Festival earlier this year. Through its distribution agreement with Atlas V, AmazeVR will also get access to “Ayahuasca,” which debuted at Tribeca this year, “Battlescar,” which is being narrated by Rosario Dawson, and “Vestige,” a ro...
Arcellx, a privately-held biopharmaceutical company, today announced that it has raised $85 million in an oversubscribed Series B financing. Proceeds will be used to advance the Company’s ARC-T + sparX programs, including clinical development of a bivalent BCMA-targeted cell therapy in multiple myeloma, and a CD123-targeted therapy in acute myeloid leukemia. The Series B will also fund earlier stage ARC-T + sparX programs for patients with solid tumors and diseases outside oncology. Participants in the Series B include both existing and new investors to Arcellx. New investors Aju IB and Quan ...
Mitsui Kinzoku-SBI Material Innovation Fund and LG Technology Ventures join in Forge Nano's Series A, bringing the total investment to date to $18M, up from Volkswagen's initial $10M investment announced in January 2019. The investment will help to accelerate advanced materials for new battery technologies while also broadening applications for atomic-level nano-coatings into a diverse set of new markets. Forge Nano's technology paves the way for entirely new applications for nanoscale surface engineering. Atomic layer deposition (ALD) is an ultra-thin film deposition process that allows pr...
augmen.tv can turn any flat screen content into an interactive portal. You can expand the linear video into your room and interact with beautifully engaging AR content by simply pointing a smartphone or tablet to the screen. The revolutionary technology is able to understand what you are watching, be it Live TV or online video, and delivers engaging and interactive content to the palm of your hand. With augmen.tv, you can now break the barrier between the virtual and real world by incorporating our SDK into your apps. Beautifully crafted AR or value-adding information – take your audience to ...
Zero Emission Vehicle Fleet will Help India Achieve Ambitious Carbon Reduction Goals Ridecell Inc., the leading platform provider for shared and autonomous mobility operators, and Blu Smart, the pioneers in all-electric shared smart mobility, today announced Ridecell as the platform provider for the recently launched Blu Smart Mobility ride share service in India. The first all-electric rideshare service on the Indian sub-continent, Blu Smart Mobility is taking the fast lane towards offering a convenient service that addresses India’s ambitious carbon reduction targets. Ridecell’s complete sh...
Lygos driving to provide sustainable Bio-DEM product at 5-20 kta scale needed for projected new product growth Lygos, Inc., a full-stack producer of specialty chemicals that deliver high-value performance without the environmental toxicity, announced today that its Bio-DEM™ product has now been qualified at the metric ton scale for use in Sirrus’ proprietary synthesis technologies for its Chemilian™ and Forza™ product lines. Lygos delivered one ton of product that Sirrus qualified as compatible for use in its recently expanded continuous operating benchtop facility that enables customers to c...
Partnership with U.S. Department of Energy and Agile BioFoundry to accelerate microbial engineering for cost-competitive production of new biochemicals June 03, 2019 08:00 AM Eastern Daylight Time BERKELEY, Calif.--(BUSINESS WIRE)--Lygos, Inc., a full-stack producer of specialty chemicals that deliver high-value performance without the environmental toxicity, today announced that it was awarded a $2 million grant by the United States Department of Energy (DOE). The grant will support the development of new artificial intelligence (AI) and machine learning approaches that combine multi-omics ...
Bootstrapped by tech veterans with IPO experience, company adds $7 million to accelerate VR content creation, distribution, and monetization SUNNYVALE, Calif.--(BUSINESS WIRE)--AmazeVR, a premium, cloud-based platform for high-quality VR content creation and mass distribution, today announced that it has raised an additional $7 million in funding to accelerate the development of proprietary VR content, created and distributed through the Amaze platform and its partners. The round was led by Mirae Asset Group (Mirae Asset Naver New Growth Fund & Mirae Asset Venture Investment), the leading...
South Korean conglomerate LG Group said Thursday it has been looking for investment opportunities in various fields to keep pace with fast-changing technology trends and find new growth drivers. LG Technology Ventures, LG's venture capital investment arm, has invested over $19 million in start-ups in emerging technology fields, including IT, automotive, manufacturing, bio, energy and advanced materials. The amount is about 4.5 percent of $425 million fund assets raised by five LG affiliates in electronics, display, chemical, telecom and IT service provision for its establishment in 2018, the...
As Much of AV Pumps Brakes, May Mobility Attracts Capital and Expertise to Deploy More Last-Mile Transportation Solutions ANN ARBOR, Mich.--(BUSINESS WIRE)--May Mobility, the only enterprise autonomous transportation company providing daily transit to the American public, today announced that Millennium New Horizons and Cyrus Capital Partners have joined its investor-base, co-leading a $22M Series A round, with LG Technology Ventures and Thayer Ventures participating alongside return investors BMW i Ventures, Maven Ventures, Toyota AI Ventures, and Y Combinator. The round will help them expan...
Investment establishes company’s global presence and potential to impact consumer electronics BERKELEY, Calif.--(BUSINESS WIRE)--Lygos, Inc., a biotechnology-based producer of specialty chemicals that deliver high-value performance without environmental toxicity, today announced that LG Technology Ventures, an investment arm of the South Korean conglomerate LG Group, has made a $5 million investment in its oversubscribed Series B financing round. Lygos has raised more than $41 million in equity financing, and over $10 million in non-equity government funding (US Departments of Energy and Agri...
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