YellowDog appoints ARM and computing veteran Noel Hurley as CEO.
YellowDog, which transforms how businesses access compute, welcomes Noel Hurley as its new CEO. The previous CEO, Simon Ponsford, becomes CTO (a position he previously held for five years) and will focus on technology roadmap, as YellowDog grows partnerships with hyperscalers and customers.
Noel joins YellowDog after many years as an executive at Arm, the microprocessor company. During his time there he held a number of VP and General Manager positions including the business segments team responsible for initiating Arm’s entry into the cloud market as well as running the CPU division and product teams. Noel also initiated and ran Arm’s internal incubation activity working closely with start-ups across a broad range of the deep tech markets. He was also a Co-founder of Bristol based fabless semiconductor company XMOS.
Noel commented: “I am very excited to join the YellowDog team. We want to make YellowDog the window into the world’s compute allowing businesses to better manage their compute investment. I see the YellowDog platform being the core tool for businesses to right size and manage their compute resources. It has the ability to provision and schedule workloads across on-prem clusters, public and private cloud at a scale and speed not seen before. This allows customers to be agile to the needs of the market whilst keeping costs under tight control.”
Simon was part of the YellowDog founding team and spent five years as CTO before taking the reins as CEO in 2020, driving both the commercial and technology roadmap of the business since then. He will now focus on the company’s technological innovation and building solutions to support compute management for customers. Noel’s arrival will enable the team to scale.
Simon commented: “We are excited to have Noel join YellowDog. The company has over the last year managed to prove its technology and demonstrate alongside our cloud partners the ability to create compute clusters at HPC scale. Noel will bring his commercial and strategic strengths to our business as we look to further scale the YellowDog business.”
YellowDog addresses the growing cloud and compute management market that is set to grow to $1.6bn (five-year CAGR 75%) by 2027. Using its cloud native compute workload management platform, the company can provision and schedule tasks on private or public cloud alongside existing on-premise infrastructure. To date, the Platform has been used by companies innovating in Life Sciences, Financial Services and Media and Entertainment.
YellowDog is unique in being able to provision over multiple geographies simultaneously and at speeds and scales that have not been achieved before. In July 2021 working alongside AWS YellowDog built a cluster of more than 3m vCPUs in less than an hour. This helped to make YellowDog one of only 16 companies that have achieved ‘HPC competency’ certification with AWS. This month at the ISC High Performance 2022 event in Hamburg YellowDog will be making further announcements in the field of confidential compute with our OEM and Cloud partners.
Pharrowtech raises €15 million Series A to develop world’s first viable wireless alternative.
Pharrowtech, a leader in the design and development of millimetre wave (mmWave) hardware and software for next-generation wireless applications, today announces its €15 million Series A funding round to continue developing next-generation 60 GHz wireless technology.
The round was led by Innovation Industries, with participation from Bloc Ventures, imec.xpand and KBC Focus Fund. This will enable Pharrowtech to accelerate deployment of its recently launched 60 GHz CMOS Radio-Frequency Integrated Circuit (RFIC) PTR1060, and phased array antenna Radio-Frequency Module (RFM) PTM1060 for 5G unlicensed fixed wireless access, wireless infrastructure, and consumer applications. The capital will be used to ensure best in class customer support, expanding Pharrowtech’s operations in the United States, and growing its engineering and business teams to drive the product roadmap and fuel further growth.
Pharrowtech delivers a unique solution, offering gigabit-per-second speeds to consumers and businesses wirelessly. The 60 GHz frequency range is becoming increasingly important for applications such as remote working and learning, augmented and virtual reality, and entertainment and gaming, thanks to its greater capacity and lower latency. Increasingly, network operators are looking at outdoor Fixed Wireless Access (FWA) solutions as the most effective and economical solution to deliver the required gigabit-per-second speeds link to consumers. In parallel, due to the increasing capabilities of 5G radio base stations, mobile operators are deploying millimetre wave solutions to meet the increasing demand of backhaul network architectures for macro and high-density small cell deployments.
Wim Van Thillo, CEO and co-founder, Pharrowtech, says: “This year has started on a great note for Pharrowtech, and this investment is another significant milestone in our journey. Despite the challenges brought by a global pandemic, Pharrowtech was able to move rapidly from imec R&D Prototypes in 2019 to scaling up production of an exceptionally advanced 60 GHz RF solution by 2022. Our agility and capabilities have kept us ahead of the curve, delivering solutions that will shape the future of ubiquitous connectivity. We would like to thank our team, our investors, partners, and especially our customers for their faith in us. With the next phase of our growth underway, we are committed to providing RF solutions to multi-GHz links to enable low-cost infrastructure and consumer applications.”
David Leftley, CTO at Bloc Ventures, added: “60 GHz licence free spectrum is rapidly becoming the spectrum of choice where low latency and multi gigabit speeds are a requirement for infrastructure and CE wireless connectivity applications. Until now, cost and power consumption has been prohibitive to wide adoption. Pharrowtech is at the forefront of enabling this market, launching highly advanced low cost and low power CMOS RF semiconductor products. Core to the team’s latest innovation is leveraging bulk CMOS rather than more expensive and exotic fabrication processes such a SiGe. To do this is an outstanding achievement. The funding round is a testament to their expertise, execution and commitment, and we are delighted to be involved in this growth journey alongside them.”
Building on imec’s R&D and prototypes, Pharrowtech recently announced the availability of the PTR1060, the world’s first IEEE 802.11ay-compliant CMOS RF chip for indoor and outdoor wireless use cases that supports the full 57 to 71 GHz bandwidth. The company also launched PTM1060 (RFM) phased array antenna modules to provide OEM/ODMs with a ready-to-use 60 GHz solution. The integration levels, performance, and capabilities of Pharrowtech’s latest RFIC open the full potential of low-cost, small form factor and low-power FWA deployments, 5G and WiFi infrastructure backhauling, next-generation consumer electronics products, and IoT devices requiring high-speed links. The programming interfaces and tuneable features of the chip and antenna allow for optimal integration by equipment makers.
Both products are currently available to select customers and are already being designed-in by a tier-one US equipment vendor. The company is also providing demonstrations and evaluation kits to the consumers and will ramp up the production in Q3 2022.
We’re so excited to welcome Dr Alisa Molotova to the Bloc Ventures investment team. She is based in Cambridge and will help us discover new deep tech entrepreneurs looking for a specialist investor with Arm and computing as a core part of its DNA.
Alisa has been working in deep science and technology since studying genetics at University of Glasgow (placement as an engineer at GSK) and then completing her PhD (sponsored by Wellcome Trust) in Stem Cell Neuroscience at University of Cambridge, researching at the intersection of biology and physics.
Whilst studying, Alisa became Head of Commercial Strategy at a deep tech startup named Labstep, where she led their business development strategy on their mission to simplify and accelerate scientific discovery. Following her time at Labstep, Alisa moved into the investment world, looking for early-stage technology companies to back on behalf of the investment arm of the University of Cambridge (Cambridge Enterprise).
She focused primarily on Pre-seed and Seed stage investment opportunities, working on all stages of the investment process (including technical due diligence, legal negotiation and board governance), whilst building a strong network in the Cambridge ecosystem. She also organised and judged startup competitions, represented the University in raising a new social innovation fund and mentored underrepresented venture capital candidates to create a fairer and more diverse industry, through Diversity VC.
Alisa then joined Marshall Aerospace and Defence and their newly established in-house accelerator called Marshall Futureworx as a Business Development Executive. As part of the senior management team, she worked on strategic innovation projects and took the lead in developing business cases for investment into emerging technologies across space, air, land and sea for both civilian and military applications. Primarily she focused on unmanned aerial vehicles (UAV), sustainable aviation and energy management.
With experience in business building, world-leading academia, early-stage investing and corporate development, Alisa possesses skills and experience that are core the Bloc DNA and fundamental to the way we operate. Her role at Bloc will be to work alongside our research team to find deep tech investment opportunities and help us grow the Bloc portfolio as we scale.
Alisa commented: “It’s an exciting time for deep tech investing and an equally exciting time to be joining Bloc Ventures on their growth journey. I have always enjoyed working with technologists who are not content with the status quo, and I have found this determination to create change in the Bloc team and the entrepreneurs we back. I’m very excited to get started and start meeting some deep tech companies!”
Outside of her career, Alisa is a registered beekeeper, a keen photographer, long distance runner and speaks four languages. You can meet Alisa and the rest of the Bloc team on 19th May in Cambridge where we’ll be hosting an event titled ‘From PoC to IPO: the journey of a deep tech company’. Sign up here.
Join us on Thursday 19th May at The Bradfield Centre, Cambridge, from 6-9pm.
This event is designed to provide deep tech founders with the opportunity to gain a better understanding of the journey ahead and meet investors or other entrepreneurs that might be able to support them on the way. Brought to you by Bloc Ventures, Silicon Valley Bank and The Bradfield Centre.
– 6pm: Arrival and refreshments
– 6.30pm: Welcome from Bruce Beckloff, CEO at Bloc Ventures
– 6.40pm: Getting to Series A stage (Chaired by Dr Alisa Molotova)
Panellists: Miles Kirby (Deeptech Labs); Dr Elaine Loukes (Cambridge Enterprise); Rick Hao (Speedinvest); Dr Lee Thornton (IP Group)
– 7.20pm: Getting to Growth stage and beyond (Chaired by Michael Dimelow)
Panellists: Dr Manjari Chandran-Ramesh (Amadeus Capital); Simon King (Octopus Ventures); David Delfassy (Ahren Innovation Capital); Sonya Iovieno (Silicon Valley Bank); Pete Hutton (Cambridge Angels)
– 8pm: Refreshments and networking
– 9pm: Ends
Bloc Ventures is a deep tech investor with a team made up of technologists with experience building globally successful companies like ARM and Vodafone. Typically we invest at Seed to Series A stage in companies across Europe and Israel, focused on cloud, connectivity, data science and security. Our portfolio includes companies in AI, quantum computing and IoT security. Companies can pitch directly to the Bloc investment team.
Silicon Valley Bank. The Bank of Innovation Economy. Our mission is to increase the probability of our clients’ success, by helping innovators, enterprises, and their investors move bold ideas forward fast. We provide a full range of financial services to companies of all sizes in innovation centres around the world. Learn more about Silicon Valley Bank.
Helix Geospace raises £3m Seed funding led by Bloc Ventures to take its world-leading GPS antennas into mass production.
David Leftley, CTO and Co-founder of Bloc Ventures commented: “Over 10 billion devices make use of satellite GNSS signals for geolocation, from simple consumer location services to critical aerospace applications. But the challenge of reliable, resilient location in demanding environments remains the same. Helix has gone to the root of the problem, the antenna, with a design made possible by the company’s world leading advances in AI, applied to advanced 3D manufacturing of ceramics. The result is the highest signal sensitivity from the smallest physical size, and the lowest implementation complexity and cost for a GNSS receiver. We’re really excited to support the team as they begin scaling the company and developing the product alongside their initial customers.”
- Helix develops antennas that enable precision global network synchronisation and safe roll-out of autonomous vehicles and drones
- £3million raised from Bloc Ventures, UKI2S and private investors
- Funding enables scale-up to mass production to support global customers in automotive, critical infrastructure, defence and aerospace sectors
- Helix plans to become the key enabler of safe, resilient and precise navigation and timing services for the global multi-billion unit market
Helix Geospace, the leading innovator in antenna and RF (radio frequency) technology, is pleased to announce that it has raised £3m Seed funding in a round led by Bloc Ventures, and supported by the UK Innovation and Science Seed Fund (UKI2S), managed by Midven, part of Future Planet Capital, and private investors including a group of sophisticated HNWI’s introduced by Tony Best, who’s background is in finance and high-end electronics manufacturing.
Helix builds precision antennas designed and manufactured to the highest specifications that enable GNSS (Global Navigation Satellite System) product designers to create the smallest, most accurate positioning, navigation and time synchronization products. PNT (Position, Navigation and Timing) services delivered by satellite systems have become the lynchpin of global economies, with critical infrastructure, transportation, cyber-security and defence being dependent on them. These dependencies are vulnerable to the operating environments – busy cities and crowded RF spectra – and are under threat from malicious attack. Helix Geospace has invented and developed antenna technology that defends against these vulnerabilities and threats.
Helix’s patented DielectriX ™ antennas are targeted initially to receive PNT signals from GNSS (GPS, Galileo, GLONASS, Beidou) constellations, and the Satelles STL (Satellite Time and Location) signals delivered over the Iridium constellation as well as Iridium’s voice and data network. Future antenna variants will support LEO (low earth orbit) PNT services being planned and built by private companies as well as government agencies. Key capabilities of DielectriX antennas are their ability to discriminate true satellite signals from multi-path signals, interference and jamming, delivering high performance in a compact and rugged form factor. Helix’s customers include defence, automotive, aerospace and critical infrastructure sector companies.
To date, Helix has raised £5.5m investment from UKI2S and angel investors, and has participated in Wayra UK’s Intelligent Mobility Accelerator programme and Seraphim Capital’s Space Camp Mission 6. Helix has also received additional grant funding for advanced antenna development from the European Space Agency, and for anti-jamming/spoofing technology from UKI2S.
As a result of this funding round Helix CTO and DielectriX inventor, world-reknown GNSS antenna and receiver specialist Oliver Leistenwill be growing his talented team of RF engineers, and COO Nick Filler, who had led operations groups at Nokia and Jaguar Land Rover, will build Helix’s operations team to drive the manufacturing ramp-up.
James Lewis, CEO of Helix, who has founded and led a series of technology start-ups said: “We started manufacturing DielectriX antennas using state of the art laser/robotics equipment developed in-house, and we are now set to scale up rapidly through partnerships with electronics manufacturing service providers in the UK. Future manufacturing growth plans will roll out our ‘factory-in-a-box’ to deliver global capability required to meet the expected demands for autonomous vehicles and systems where absolute resilience and precision of location data is essential for safety.”
Andy Muir, Investment Director at UKI2S, added: “We are pleased to continue of our support of the UK space initiative at Harwell Campus through our investment in Helix. Their growth opportunity in the roll-out of highly resilient PNT is global, and they are well positioned to provide the ground-based capability for next generation UK or international satellite-based PNT constellations.”
We’re delighted to welcome Max Neuberger to the team, who joins Bloc as General Counsel, as we scale our operations to support fundraising and investment capacity.
Max joins Bloc as the fourth key hire of 2021, adding to a Head of Research, Head of Marketing and Finance Manager joining earlier in the year. Max’s role will be to manage legal, regulatory and company secretarial affairs as the company scales, help raise new capital to support deep tech entrepreneurs across Europe and Israel and drive the IPO readiness in anticipation of a 2023 entry to the public markets.
Max joins us from Virgin Group, where he spent eight years working across the group’s portfolio of assets, from large value corporate transactions involving well-known Virgin businesses, to incubating new Virgin businesses, to participating in venture and growth capital investments. Max studied Economics & Management at Oxford University, following which he side-stepped into law and qualified as a solicitor in the Corporate Division of Herbert Smith Freehills, a leading international law firm. He spent five years there advising clients on public and private M&A and company law matters, before moving to Virgin.
As General Counsel, Max will work across all legal elements of Bloc’s operations, including preparing the company as it considers a potential IPO, implementing financial regulatory processes as the company explores raising new forms of capital and overseeing the contractual arrangements with its portfolio companies through their lifecycles. This adds further strength to the firm’s leadership and management, following Andy Green CBE and Sue Prevezer QC’s appointments as Non-Executive Directors earlier in the year.
Max commented “I’m thrilled to join Bloc at this exciting stage, as it looks to raise and deploy significant amounts of venture capital and become a multi-stage investor across the European deep tech ecosystem. A small, ambitious, and hugely talented team is trying to achieve so much in a short space of time. Joining at this pivotal stage, supporting Bloc’s growth and that of its early-stage investment portfolio, is a challenge I’m relishing.”
In addition to Max, we’ve made three more key permanent hires in 2021. David Pollington joined as Head of Research, to support and supplement Bloc’s investment capabilities and understanding of key areas of innovation globally. Ryan Procter joined as Head of Marketing at the beginning of the year to support Bloc’s pipeline growth, investor relations and support portfolio companies as they scale outbound activity. Finally, Richard Yates joined as Finance Manager, taking over responsibility of accounts, future investment modelling and supporting portfolio companies on financial management.
We’re delighted to announce our first Israeli investment into Shield-IoT, co-leading the round alongside NextLeap Ventures and Akamai Technologies.
Tel Aviv, Israel November 22nd, 2021— Shield-IoT, a leader in mass-scale IoT and IIoT network cyber security and operational monitoring, announced today the closing of a $7.4 million Series A round of funding. The Series A round was led by NextLeap Ventures and Bloc Ventures, with participation of Atlas Ventures, Akamai Technologies, Springtide Ventures, DIVEdigital and Janvest Capital Partners.
Founded in 2017, Shield-IoT addresses the escalating proliferation of IoT cyber threats to devices, data, critical services and infrastructure. With Shield-IoT, service providers and IoT brands can monitor and secure their mass-scale B2B IoT and IIoT networks, reduce operational costs, and generate new revenue streams with value-added services.
“Shield-IoT’s innovative approach to anomaly detection enables Akamai to provide accurate analytics at mass-scale,” says Ramanath Mallikarjuna, Chief Strategist at Akamai Technologies. “Akamai is collaborating with Shield-IoT on innovative solutions to enhance cybersecurity and operational monitoring for customers of Akamai’s IoT solutions.”
Currently in use across multiple verticals including telcos, utilities, transportation, manufacturing, smart cities, and government, Shield-IoT offers a simple-to-deploy and easy- to-operate cloud-based software solution to protect any IoT device or application with no changes to end customer networks.
Based on over 15 years of academic research and 50 academic papers, Shield-IoT coreset-AI patented technology revolutionizes IoT mass-volume data analysis through a unique transformation of “big data” into small datasets. “Coresets compress the data from n to log(n), or from 1 million to 20 data points, enabling context-free highly accurate anomaly detection in minutes instead of hours or days” says Professor Dan Feldman, Chief Scientist at Shield-IoT.
“Shield-IoT removes the big data barriers and opens the door to a $50 billion IoT connectivity services market (2025)”, says Udi Solomon, CEO and Co-Founder of Shield-IoT. “Our innovative technology is helping global IoT players to move forward and accelerate IoT growth”.
Digimarc and EVRYTHNG unite to build the world’s most powerful product identification engine with the industry’s most advanced product intelligence cloud platform
BEAVERTON, Ore., Nov. 15, 2021 /PRNewswire/ — Digimarc Corporation (NASDAQ: DMRC), creator of Digimarc watermarks that are driving the next generation of digital identification and detection-based solutions, announced today it entered into a definitive agreement to acquire the Product Cloud company EVRYTHNG Limited in a stock transaction.
“This acquisition allows us to provide a complete solution set to our customers,” explains Digimarc CEO Riley McCormack. “The best determinant of a technology product’s value is how much of the customer’s problem it can solve. By combining Digimarc’s unique and advanced means of identification with the pioneer and most advanced supplier of product item business intelligence using any means of identification, we are now uniquely positioned to unlock additional solutions for our customers and enhance their Digimarc journey.”
EVRYTHNG is the market leader and pioneered the Product Cloud category, linking every product item to its Active Digital Identity™ on the web and joining-up product data across the value chain for visibility, validation, real time intelligence, and connection with people.
From enabling more sustainable, more transparent, and more secure supply chains to empowering consumers to verify the authenticity of products and recyclability of their packaging, combining Digimarc’s unique means of identification with the EVRYTHNG Product Cloud® makes it possible to gather and apply traceability data from across the product lifecycle, unlocking end-to-end visibility and authenticity through item-level, real-time intelligence and analytics.
“Not only are our product solutions and technology competencies directly complementary and naturally connected,” explains EVRYTHNG CEO & Co-founder Niall Murphy, “but our company values and cultures are deeply aligned, with a focus on executing as a team, committing to audacious goals, and genuine innovation with exceptional talent. We’re excited to join the Digimarc team to meet important customer needs with product data driven solutions.”
The acquisition expands the geographic footprint for both companies. EVRYTHNG, based in London with offices in New York, Beijing, Minsk, and Lausanne is finding much success in North America. Conversely, Digimarc, based in the Portland, Oregon area, has a growing customer base across Europe.