We’re delighted to announce our first Israeli investment into Shield-IoT, 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.
Investment will support the continued growth of leading games developer and publisher to build game portfolio and boost headcount
Private equity firm LDC has completed a multi-million-pound investment in Marmalade Game Studio (Marmalade), a UK market leading games developer and publisher, to support the management team’s ambitious organic growth strategy and future game launches. The transaction marks the first successful exit for Bloc Ventures from its first portfolio company, having first invested in 2015.
Marmalade is the UK’s leading developer of mobile, console and PC board games. Its catalogue includes classics such as Monopoly, Cluedo and Game of Life, licensed by gaming giants such as Hasbro, with its most recent addition, Jumanji, inspired by the feature film.
LDC’s investment will support the existing management team, led by joint CEOs Michael Willis and Cristina Mereuta, as they invest in the development of new games and recruiting new talent. The pair has already led the business through a period of exceptional growth over recent years, with revenues growing by over 100 per cent in the last three years.
Now, Marmalade continues to develop and publish high-quality family games across a wide range of platforms and licensors, targeting a number of new releases in 2022 and beyond, whilst continuing to invest in its growing team across its offices in London, UK and Lisbon, Portugal.
The investment in Marmalade was led by Dale Alderson, Jacob Leone and Aziz Ul-Haq at LDC in Manchester. As part of the transaction, Dale and Jacob will also join the board, alongside inbound Non-Executive Chairman Andrew Graham, formerly of games developer Mediatonic, which is known for games including Fall Guys – Ultimate Knockout and Foul Play.
Cristina Mereuta, joint CEO of Marmalade Game Studio, said: “We have seen people’s love for gaming blossom as they have fun and maintain connections with friends and family through gameplay. This has given us the opportunity to not only expand our portfolio of games, bringing some of the most well-loved titles to life in the digital world, but to continue recruiting the most exciting talent in the industry.”
Michael Willis, joint CEO of Marmalade Game Studio, added: “In LDC, we have a partner that is committed to backing our ambition and working closely with us to make our business plan a reality. It was also important to us that our backer was supportive of the strong working culture we have created, and we know from LDC’s track record they will help us to maintain the creative spirit and supportive environment that Marmalade is known for. With more game launches on the horizon and our recruitment drive ongoing, we’re excited to continue driving our expansion.”
Jacob Leone, Investment Manager at LDC in Manchester, added: “Michael and Cristina are truly inspirational leaders who have helped to transform Marmalade into the leading games business that it is today, nurturing strong relationships with its licensors to help bring classic games to life in the digital arena. The gaming industry has experienced exceptional growth in recent years, and Marmalade has seized the opportunity to provide players with the best quality games to enjoy.”
Bruce Beckloff, CEO at Bloc Ventures, commented: “Marmalade’s growth has been impressive. Since Bloc’s investment in 2015, we’ve worked with the management team to combine efforts around their strong gaming backgrounds and key industry relationships with our company building experience. We’re fortunate to have been part of the journey and are excited to see what the future holds for Marmalade with LDC.”
LDC has extensive experience working with technology firms across the UK, with particular expertise in supporting gaming businesses on their growth strategies. During a two-year partnership with indie games developer Team17 – led by CEO and Founder Debbie Bestwick – the business continued its significant success, with international sales increasing 40% and both revenues and EBITDA growing by more than 100% ahead of an IPO.
Marmalade’s latest launch is featured in NME as the much anticipated ‘Jumanji: The Curse Returns’ is announced with a trailer video at Gamescom.
Pharrowtech featured in Computer Weekly as it launches 60GHZ high speed wireless evaluation board as the first viable fibre alternative.
YellowDog has been working with OMass Therapeutics to accelerate the drug discovery process from over a year to a matter of hours.
Read about the project here.
There’s no denying that the manufacturing industry plays a crucial role in the UK’s economy. It provides employment for around million people, makes up 44% of total UK exports, and contributes 11% towards Gross Value Added (GVA).
See full article here: https://www.manufacturingglobal.com/smart-manufacturing/breaking-down-barriers-keep-manufacturing-connected
The network is often seen as a bottleneck for digital transformation as poor network performance has direct impact to business productivity and competitiveness. The problem is that ever – increasing network complexity requires high levels of automation to deliver the required optimum performance. Zeetta offers three software products: Visualise, Optimise and Automate…
See full article here: https://flickread.com/edition/html/5fd39f218fd31#48
Mindtrace, a leading AI software solutions provider enabling enterprises to accelerate model building and deployment of ‘dynamic’ AI today announced a $3 million investment led by Skylake Capital, with participation from Bloc Ventures and existing investor Mercia Asset Management. This funding will support Mindtrace’s mission to accelerate its product roadmap and bolster go-to-market capabilities, including strategic partnerships. Marcos Battisti of Skylake Capital and Michael Dimelow of Bloc Ventures have joined the Company’s board of directors.
Founded in November 2017, Mindtrace’s mission is to deliver ‘brain-inspired’ AI solutions that enable customers to maximally exploit the functionality and performance of Brain-Sense™ technology to reduce costs and enhance end-product and service capabilities. Leveraging Mindtrace’s Brain-Sense™ technology, enterprises drastically improve their operation efficiencies and generate new revenue opportunities through product and service differentiation.
Sir Hossein Yassaie, chairman of the board, Mindtrace further commented: “Deployment of continuous learning AI technology, capable of learning on multiple platforms and sharing new use case knowledge across enterprise and partner networks, with minimal data labeling and AI model rebuilding requirement, is a major advantage for enterprises to embrace in order to remain competitive in the age of digital transformation.
Mike Dimelow, CCO at Bloc Ventures, commented: “Venture capital and the technology titans have poured billions into AI over the past decade or so, driven by innovators that are seeking out ways to help humans make better decisions or automate repetitive tasks. We are now entering an era of AI where teaching computers to learn and cognitively process like a human is the next logical step on the world’s technology roadmap. Mindtrace has been working on this challenge for over five years, so we’re thrilled to partner with the team and to see whether they can make unsupervised learning a reality.”
Hoon Chung, CEO of Mindtrace said: ” This novel technology enables a set of new possibilities that minimizes the need for large amounts of labeled data and allows for faster learning and more intelligent A.I. that adapts to changing real-life conditions. We are excited to work with Skylake Capital and Bloc Ventures as our global partners for growth.
AccelerComm, the channel coding specialist, are supercharging 5G NR with cutting edge Physical Layer IP which increases spectral efficiency and reduces latency. The company today announced a complete high-performance 5G NR PUSCH (Physical Uplink Shared Channel) Decoder and PDSCH (Physical Downlink Shared Channel) Encoder for customers who want to maximize the efficacy of their 5G radio network.
AccelerComm will be presenting the PUSCH Decoder and other channel coding solutions to attendees of MWC Shanghai (23rd – 25th February)
See full article here: https://www.accelercomm.com/news/accelercomm-unveils-fully-integrated-pusch-decoder