Dell-EMC merger: Future prospects for Virtustream, VMware, Pivotal

TierPoint | October 21, 2016

One of those executives was Rodney Rogers, CEO of Virtustream, a Bethesda, Md., public cloud infrastructure provider founded in 2009 that focuses on mission-critical and highly regulated applications. "When we took a look at developing Virtustream, we said that we were going to solve an engineering problem that was most characteristic of large-scale enterprise applications," Rogers said of his company's origins. "And we developed the software that allowed us to optimize running the properties of these mission-critical types of apps that take up such a large portion of the application estate of large corporations."

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With less IT involvement, the OpenText™ Digital Process Automation platform, OpenText™ AppWorks™, maximizes the value of information by automating business processes, enabling better decision-making and improving employee, partner and customer experiences. The low-code application development environment in AppWorks enables both business and technical users to rapidly build, iterate and deploy process-centric and case management applications that improve efficiency, optimize employee skills and provide business insight while easily integrating with other lead applications and systems of record.


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SOFTWARE,FUTURE TECH

AdBeacon Releases New Ad Optimization Platform–The Facebook Solution to iOS14.5

AdBeacon | August 26, 2022

AdBeacon announced the launch of its first party data tracking and ad optimization platform today. The platform enables online advertisers, especially Facebook marketers to use their own data to accurately target advertisers in real time. Ever since the Apple iOS14.5 update of April 2021, marketers have not had an accurate way to optimize their ad campaigns. Utilizing third party data from Facebook, TikTok, Pinterest, Snapchat and even Google has become less reliable. AdBeacon solves this problem with a real time ad optimization and attribution SaaS platform that uses its own technology to track site visitors and help marketers make accurate informed ad media decisions. AdBeacon uses the power of first-party tracking data—information derived directly from customer interactions—to enable highly accurate ad optimization in real time, as opposed to the inaccurate delayed data marketers have been receiving. In fact, AdBeacon gives marketers an array of tools that can provide more accurate targeting than was achievable even before the release of iOS14. AdBeacon effectively addresses the issues that marketers have been forced to confront as a direct result of iOS14 and its impact on customer privacy. Due to these issues Facebook (Meta) has reduced the post-click attribution window from 28 days to 7 days. As AdBeacon stores first party data, this limitation has essentially been eliminated and AdBeacon customers can enjoy lookback windows as far back as they have stored data. AdBeacon is also an eCommerce reporting and attribution platform allowing CEO's, CMO's and other digital marketers to make big picture decisions as to how best to spend their advertising dollars. AdBeacon has been designed by marketers for marketers. It is the result of a lengthy research and development process overseen by experienced industry professionals who have carefully followed industry trends over the last few years and understand the need for accurate marketing attribution software. AdBeacon CEO Phoenix Ha explains the importance of a new approach to ad optimization: "When iOS14 hit the advertising world, I knew it was time to get to work. That's when I dove into develop a solution that is easy for marketers to use and scale but also includes full service support from a team of seasoned marketers." AdBeacon is not just an ad optimization platform, but has been developed as a community for media buyers. About AdBeacon Founded by experienced marketing professionals, AdBeacon is a SaaS platform that offers a subscription-based ad optimization platform designed to provide businesses with actionable advertising data. The company is based in Westlake Village, California.

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SOFTWARE,FUTURE TECH

Spice AI Raises $13.5 Million Seed Funding to Enable Web3 Developers to Build Data and AI-driven Applications

Spice AI | September 08, 2022

Spice AI today announced a seed round of $13.5 million for its platform that enables developers to build data driven applications for Web3. Madrona led the round with Australia based Blackbird Ventures, Basis Set Ventures, Alumni Ventures Blockchain Fund, Joe McCann’s new Asymmetric fund, Protocol Labs, IEX Fund, and other strategic angel investors participating, including Thomas Dohmke, CEO of GitHub, who is also joining the board. “Spice AI is building a developer first platform to create AI/ML-driven applications that harness time series data – a valuable yet difficult to harness data set for any organization. There is no ecosystem out there that is more data rich than Web3 and blockchains, but that area is currently hampered by lack of data access and infrastructure. Solving the data problem in Web3 requires deep domain knowledge and Spice AI is building the infrastructure, so developers do not have to deal with the complexity of building it themselves. Now is the time to build for Web3 and we are excited to be well capitalized to grow the team and address this gap in the market,” said Luke Kim, CEO of Spice AI. Web3 and Spice AI While most blockchains are public and open, extracting data from them to power apps and ML is painfully difficult. To get meaningful quantities of useful data, developers are forced to build and operate a massively complex infrastructure which includes blockchain nodes, big data systems, ETL and ML pipelines, data lakes, data warehouses, and query systems. Going one step further, developers must deeply understand the various data sources including virtual-machine logs, and the inner workings and state of smart contracts, across a broad array of blockchains, scaling layers, and dApps. Spice.xyz, brings this together in a platform that enables developers to access web3 data across chains via SQL over high-performance Apache Arrow APIs. The platform is available in Preview today with Bitcoin, Ethereum, and Ethereum Name Service (ENS) datasets with work in progress to launch Solana and Polygon. “Madrona has invested in machine learning infrastructure and intelligent applications for almost a decade. We see a massive opportunity for Spice AI to provide a developer-first framework and intelligent data sets that unlock insights in blockchain data and enable developers to create intelligent distributed Web3 applications. As part of the financing, Porter will join the Spice AI board along with Thomas Dohmke. Tim Porter, Managing Director at Madrona Deeply Developer Focused Founders Over the last 15 years, co-founder Luke Kim has brought together the best builders and engineers across the globe to create developer focused experiences through tools and technologies used by millions worldwide. Before founding Spice AI, Luke was the founding manager and co-creator of Azure Incubations at Microsoft where he led cross-functional engineering teams to create and develop technologies like Dapr. Co-founder Phillip LeBlanc has spent a decade building some of the largest distributed systems and big data platforms used by millions worldwide. Before co-founding Spice AI, Phillip was both an engineering manager and IC working on distributed systems at GitHub and Microsoft. Phillip has contributed to services developers use every day including GitHub Actions, Azure Active Directory and Visual Studio App Center. “Spice AI is building the foundational platform for Web3, so developers do not have to invest in standing up their own infrastructure and in data engineering that is complex and costly, and frankly, hard to get right. Delivering real time insights from time-series data across chains powers intelligent applications being built for a wide range of industries – from addressing buying patterns in e-tail/retail all the way to fraud detection and securities trading. Since our pre-seed investment, the team continues to impress us with the focus and pace of innovation as they build this infrastructure for Web3,” added Aseem Datar, Partner at Madrona. Spice AI is building an office in greater Seattle with a footprint in Asia and Australia. Check out the positions here - spice.ai/careers About Spice AI Founded in June 2021 by Luke Kim and Phillip LeBlanc, Spice AI creates technology to help developers build intelligent apps that learn and adapt. The company has raised 14.5 million in funding since 2021 and is backed by leading venture and angel investors.

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GENERAL AI

Deep Dive Into Advanced AI and Machine Learning at The Behavox Artificial Intelligence in Compliance and Security Conference

Behavox Ltd. | June 29, 2022

On July 19th, Behavox will host a conference to share the next generation of artificial intelligence in Compliance and Security with clients, regulators, and industry leaders. The Behavox AI in Compliance and Security Conference will be held at the company HQ in Montreal. With this exclusive in-person conference, Behavox is relaunching its pre-COVID tradition of inviting customers, regulators, AI industry leaders, and partners to its Montreal HQ to deep dive into workshops and keynote speeches on compliance, security, and artificial intelligence. “We’re extremely excited to relaunch our tradition of inviting clients to our offices in order to learn directly from the engineers and data scientists behind our groundbreaking innovations. “Attendees at the conference will get to enjoy keynote presentations as well as Innovation Paddocks where you can test drive our latest innovations and also spend time networking with other industry leaders and regulators”. Chief Customer Intelligence Officer Fahreen Kurji Keynote presentations will cover: Testing and Quality assurance framework for compliance models. Increasing employee and data coverage with a new data processing engine built for AI. Improving accuracy of voice transcription using continuous learning. The conference will also feature Innovation Paddocks where guests will be able to learn more from the engineers and data scientists behind Behavox innovations. At this conference, Behavox will demonstrate its revolutionary new product - Behavox Quantum™. There will be test drives and numerous workshops covering everything from infrastructure for cloud orchestration to the AI engine at the core of Behavox Quantum™. What’s in it for participants? Knowledge on the state of AI in Compliance and Security; Learn how the industry is approaching implementation of AI in Compliance and Security; Network with industry experts from all around the world; Get professional training credits. Behavox Quantum™ has been rigorously tested and benchmarked against existing solutions in the market and it outperformed competition by at least 3,000x using new AI risk policies, providing a holistic security program to catch malicious, immoral, and illegal actors, eliminating fraud and protecting your digital headquarters. Attendees at the July 19th conference will include C-suite executives from top global banks, financial institutions, and corporations with many prospects and clients sending entire delegations to the conference. Justin Trudeau, Canadian Prime Minister, will give the commencement speech at the conference in recognition/ celebration of the world leading AI innovations coming out of Canada. This is a unique opportunity to test drive the product and meet the team behind the innovations as well as network with top industry professionals. Register here for the Behavox AI in Compliance and Security Conference. About Behavox Ltd. Behavox provides a suite of security products that help compliance, HR, and security teams protect their company and colleagues from business risks. Through AI-powered analysis of all corporate communications, including email, instant messaging, voice, and video conferencing platforms, Behavox helps organizations identify illegal, immoral, and malicious behavior in the workplace.

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AI TECH,GENERAL AI,AI APPLICATIONS

Deeplite Wins 2022 International Business Award® for Artificial Intelligence/Machine Learning Solution

Deeplite | August 25, 2022

Deeplite, a provider of AI optimization software designed to make AI model inference faster, more compact and energy-efficient, today announced it was named the winner of a Silver Stevie® Award in the 19th Annual International Business Awards® in the category of Artificial Intelligence (AI)/Machine Learning (ML) for its computer vision solutions. Deeplite's core products, Deeplite Neutrino and Deeplite Runtime (DeepliteRT) make it possible to run large, process-heavy and power-intensive AI models on the limited compute power of chipsets (e.g., CPUs, MCUs). This affects many industries, as the deep neural networks (DNNs) that enable tasks at the edge in security, surveillance, automotive and more are built on large AI models, which require vast amounts of data. This often makes utilizing the power of AI too costly and complex for many organizations, especially startups and small businesses. Deeplite's computer vision makes it possible for these organizations to run AI models on tiny edge devices, like security cameras or drones. "The work we are doing at Deeplite is paramount to the continued innovations of AI, and I'm so proud of the team for making Neutrino and DeepliteRT such huge successes. "We are currently working to provide our computer vision AI in a number of industries with customers in different parts of the world, and are looking forward to continuing to expand our reach to make AI accessible to even more organizations that want to use it." Nick Romano, co-founder and CEO of Deeplite The International Business Awards are the world's premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small – are eligible to submit nominations. More than 3,700 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories. The 2022 IBAs received entries from organizations in 67 nations and territories. More than 300 judges participated in this year's International Business Awards. For Deeplite's submission, some of the judges' comments are as follows: A super interesting product that enables AI/Machine Learning at the edge devices instead of storing the big data in the cloud or data centers. I find achieving two-bit quantization while persisting the model accuracy real intriguing. I believe that products like these would revolutionize the AI/ML at edge locations. DeepliteRT is a powerful and efficient AI software platform that will help companies save time, money and energy. You develop a product to deploy AI models on low-power computer resources to alleviate the current constraints imposed by machine learning algorithms. This is important because many devices that could use AI/ML run on batteries or are intended to have a small form factor. The market has received your product successfully across various industries. "This year's class of honorees are as innovative, adventuresome, persistent, and successful as we've ever had," said Stevie Awards president Maggie Miller. "We look forward to celebrating their achievements with them during our 15 October awards banquet in London." About Deeplite Based in Montreal and Toronto, Canada, Deeplite is an AI software company dedicated to enabling AI for everyday life. Deeplite uses AI to automatically make other AI models faster, smaller and more energy-efficient creating highly compact, high-performance deep neural networks for deployment on edge devices such as security cameras, sensors, drones, mobile phones and vehicles. Deeplite was named to CRN's 10 Hottest AI Startups of 2021, as well as the 2021 Big50 Startup Report, and has been featured by Gartner, Forbes, Inside AI and ARM AI as a premier Edge AI innovator.

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Spotlight

With less IT involvement, the OpenText™ Digital Process Automation platform, OpenText™ AppWorks™, maximizes the value of information by automating business processes, enabling better decision-making and improving employee, partner and customer experiences. The low-code application development environment in AppWorks enables both business and technical users to rapidly build, iterate and deploy process-centric and case management applications that improve efficiency, optimize employee skills and provide business insight while easily integrating with other lead applications and systems of record.

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