Procore Files Registration Statement for Proposed Initial Public Offering

Procore | February 28, 2020

Procore Technologies, Inc., a provider of construction management software, today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Procore intends to list its common stock on The New York Stock Exchange under the ticker symbol “PCOR.” Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint lead book-running managers for the proposed offering. Barclays Capital Inc. and Jefferies LLC are also acting as book-running managers. Canaccord Genuity LLC, KeyBanc Capital Markets Inc., Oppenheimer & Co. Inc., Piper Sandler & Co., Stifel, Nicolaus & Company, Incorporated, and William Blair & Company, L.L.C. are acting as co-managers for the proposed offering.

Spotlight

NHS Digital writes on its website, “patient safety and care is enabled by strong data and cyber security.” This is something that Sophos has been working on in partnership with the NHS for over thirty years. Sophos welcomes NHS Digital’s subscription to the Windows 10 desktop operating system, which includes Windows Defender Advanced Threat Protection (ATP)1 , as we believe that this will provide another layer of security to complement our solutions and help remove legacy systems, which are easier to attack or compromise.


Other News
SOFTWARE

Lakeside Software Recognized as a Leader in End-User Experience Management by Independent Research Firm

Lakeside Software | August 02, 2022

Lakeside Software, an enterprise-class digital experience management software provider, has been named a Leader in The Forrester Wave™: End-User Experience Management, Q3 2022 report. Among the vendors analyzed, Lakeside was cited for enabling deep historical analysis of telemetry data for RCA. The Q3 2022 report evaluated the most significant end-user experience management (EUEM) providers and scored them using 30 criteria. Lakeside scored the highest possible marks in the strategy criteria of partner integration, market approach, and supporting products and services. Lakeside's telemetry monitoring was also scored highest, a benefit of SysTrack's Intelligent Edge which collects 10,000 metrics out of the box. The report notes that the exceptional UI of Lakeside's Prevent solution makes it easy for service desk administrators to quickly identify common high-severity events and remediate them at scale. The evaluation findings were supported by strong references from the customer community. Customers cited Lakeside's "exceptional support, granular data analysis, and improved usability." The report also highlighted differentiated support services in the form of DEX packs, which help customers quickly implement new services such as proactive management. "In an increasingly digital working environment for many of today's global enterprises, we are proud to serve our customers with IT solutions that will drive employee engagement and productivity, while reducing downtime caused by tech disruptions. "We believe earning a leader position in the end-user experience management category demonstrates our continued commitment to offer best in class solutions that meet the needs of today's modern enterprises." David Keil, CEO, Lakeside Software Lakeside has experienced tremendous market share and talent acquisition growth. The company recently announced the appointment of three new executives who will lead national and international markets. About Lakeside Software Lakeside Software is a leader in cloud-based digital experience management. Lakeside's Digital Experience Cloud, powered by SysTrack, gathers and analyzes data on everything that may impact end-user experience and business productivity and provides the unmatched visibility IT teams need to design and support rapidly changing digital workplaces. Customers use Lakeside's technology to perform end-user experience management, digital workplace planning, IT asset optimization, remote work management, and proactive service desk operations.

Read More

SOFTWARE,FUTURE TECH,COMPUTER VISION

ClearPoint Neuro Announces FDA Clearance for Software Version 2.1

ClearPoint Neuro | September 20, 2022

ClearPoint Neuro, Inc., a global therapy-enabling platform company providing navigation and delivery to the brain, today announced that it has obtained 510(k) clearance for version 2.1 of the ClearPoint Neuro Navigation software. Version 2.1 of the ClearPoint System is intended to provide stereotactic guidance for the placement and operation of instruments or devices during planning and operation of neurological procedures within the MRI environment and in conjunction with MR imaging. The ClearPoint System is intended as an integral part of procedures that have traditionally used stereotactic methodology. These procedures include biopsies, catheter and electrode insertion, including deep brain stimulation (DBS) lead placement. The System is intended for use only with 1.5 and 3.0 Tesla MRI scanners. The main customer benefits of the 2.1 software include optimizing ease of use for clinicians, enhancing visualization of medical image datasets, providing a new set of trajectory planning tools, introducing new workflow tools for gene therapy clinical trials, and numerous performance and technical improvements which will help to streamline and optimize the clinical workflow. The software is currently in limited market release and will be deployed initially to ClearPoint customers who participate in the ClearPoint “Pathfinder” Program. Pathfinder is designed to support and cultivate first-hand discovery of innovative developments that may facilitate optimal patient care by providing participating customer sites with access to ClearPoint Neuro’s cutting-edge technology. “The release of the ClearPoint 2.1 Software is a fantastic achievement for the company and provides our customer base with a significant set of software-related improvements which will enhance the usability of the product and optimize the clinical workflow. In addition to offering new image visualization capabilities and performance improvements, this version offers a rich set of functionalities which will strengthen an already comprehensive set of trajectory planning and guidance tools within the software. Over the years of developing an image-guided platform for neurosurgical procedures, we have paid very close attention to the differing workflows that clinicians have used with our system and have incorporated several important features in this version which we believe will better optimize their intraoperative clinical workflows. More importantly, this version has introduced numerous functional building blocks which we hope will lay the groundwork for significant future growth in the areas of preoperative planning, medical image visualization, and automatic image fusion. Our goal with this release is to continue to offer our customers a world-class image-guided planning and navigation software system that they feel confident using for preoperative planning and intraoperative guidance.” Tim Orr, Vice President of Software Engineering at ClearPoint Neuro The Principal Software Architect for ClearPoint Neuro, Phil Hotte commented: “This latest release builds on the tremendous success of the ClearPoint software, including many new features and improvements suggested by our users while also setting the stage for the next generations of ClearPoint products. This is a great achievement for us, but this is still just the beginning. Our path forward will take full advantage of the capabilities of the recently cleared ClearPoint Maestro™ Brain Model, giving us a new engine to drive further innovation in all our products.” About ClearPoint Neuro ClearPoint Neuro’s mission is to improve and restore quality of life to patients and their families by enabling therapies for the most complex neurological disorders with pinpoint accuracy. Applications of the Company’s current product portfolio include deep brain stimulation, laser ablation, biopsy, neuro-aspiration, and delivery of drugs, biologics, and gene therapy to the brain. The ClearPoint® Neuro Navigation System has FDA clearance, is CE-marked, and is installed in over 60 active sites in the United States, Canada, and Europe.

Read More

AI TECH,AI APPLICATIONS,SOFTWARE

Inworld AI Closes $50M Series A to Populate Video Games and the Metaverse with Interactive AI-Driven Characters

Inworld AI | August 24, 2022

Inworld AI, a developer platform for creating AI-driven virtual characters, founded by conversational AI pioneers Ilya Gelfenbeyn, Michael Ermolenko, and Kylan Gibbs, today announced the close of its Series A funding round. The company has raised an additional $50 million to bring richer social interactions to immersive worlds in gaming, metaverses, entertainment, and brand experiences. Section 32 and Intel Capital led the round, which also included investments from Founders Fund, Accelerator Investments LLC, First Spark Ventures, Kleiner Perkins, BITKRAFT Ventures, CRV, Microsoft’s M12 fund, Micron Ventures, LG Technology Ventures, SK Telecom Venture Capital, NTT Docomo Ventures, and The Venture Reality Fund. Inworld brings characters to life for gaming, metaverse, and business applications. While virtual worlds have become more immersive, realistic, and open, interactions with characters have remained relatively static, relying on scripted dialogue and behavior. Ilya Gelfenbeyn, Inworld CEO, said, “In the last year, we’ve seen research that shows that online relationships can be as meaningful as those formed in real life. With Inworld, you can create gaming NPCs (non-playable characters), native populations for virtual worlds, virtual influencers, brand representatives, in-world guides, and digital humans that can forge relationships with users and unlock deeper engagement. This is the future of entertainment–stories that are told through characters with a rich inner life, that audiences are invited to participate in, and take immersion to the next level.” Inworld uses advanced AI to build generative characters whose personalities, thoughts, memories, and behaviors are designed to mimic the deeply social nature of human interaction. The Inworld platform features a no-code studio that makes the creation of AI characters accessible to writers, designers, and creators. Integrations with the most popular game engines, like Unreal and Unity, make it easy for developers to deploy characters into game environments. “Inworld’s AI platform removes the complexities of developing intelligent virtual characters with the potential to unlock a variety of new online experiences. “Applications for Inworld’s platform transcend what’s possible in gaming and the metaverse alone, and enable enterprises to deliver rich, on-brand experiences with AI-powered virtual characters capable of delivering memorable user experiences.” Andy Harrison, Managing Partner at Section 32 “The demand for immersive content and experiences is rising, ushering in a thriving creator economy and unlocking opportunities for individual developers,” said Srini Ananth, Managing Director at Intel Capital. “Inworld has quickly become a trusted resource for developers, who are flocking to the platform to create AI-powered virtual characters with human-like speech, facial gestures and body language for immersive realities including the metaverse, VR/AR, games, and virtual worlds.” Since Inworld’s founding in July 2021, the company has raised a total of approximately $70 million, which includes the $50 million Series A, following pre-seed and seed rounds totaling nearly $20 million. Since closing its seed round in March 2022, Inworld released its beta product, hired Academy Award winner John Gaeta as Chief Creative Officer, and was selected as one of six companies to join the 2022 Disney Accelerator. This year’s Disney Accelerator class is focused on building the future of immersive experiences and specializes in technologies such as augmented reality (AR), non-fungible tokens (NFTs), and artificial intelligence (AI) characters. Inworld has broad applications outside of gaming and metaverse, and can also be used for entertainment, sales & marketing, and training & education. About Inworld AI Inworld AI is a developer platform for creating AI-driven virtual characters for gaming, the metaverse, VR/AR, and immersive experiences. Inworld’s founders pioneered conversational AI platforms and generative models at API.AI (acquired by Google and now known as Dialogflow), Google, and DeepMind. The company continues to build its talented team, with experts in generative language models, emotions, speech synthesis, multimodal interaction, design, and 3D animation. Inworld is funded by investors including Section 32, Intel Capital, Founders Fund, Accelerator Investments LLC, BITKRAFT Ventures, First Spark Ventures, The Venture Reality Fund, Kleiner Perkins, CRV, Meta, Microsoft’s M12 fund, Micron Ventures, LG Technology Ventures, NTT Docomo Ventures, and SK Telecom Venture Capital. Inworld was one of six companies selected for the 2022 Disney Accelerator. About Intel Capital Over three decades, Intel Capital has invested more than US $20 billion in the future of compute, backing standout, early-stage startups across four key areas of the tech ecosystem; Silicon, Frontier, Devices and Cloud. Intel Capital-backed companies have produced more than 700 IPOs and exits, and created more than US $100 billion in market value in the past 10 years. About Section 32 Section 32 is a venture capital fund investing at the frontiers of technology. Founded by Bill Maris, the team has vast experience building iconic companies. The firm’s goal is to accelerate the discovery, development, and distribution of revolutionary technologies that improve the human condition. Section 32 invests across the entirety of technology. This includes cybersecurity, enterprise software, fintech, web3, quantum computing, space, machine learning, artificial intelligence, computational biology and biotechnology.

Read More

SOFTWARE

Safe-T Group Launches its Consumer Privacy Solution for Microsoft Windows

Safe-T Group Ltd. | July 11, 2022

Safe-T Group Ltd., a global provider of cyber-security and privacy solutions for consumers and enterprises, today announced its entrance into the home computer market with the release of its first consumer privacy solution designed for Windows personal computers (“PCs”). Building upon the success and best-of-breed technology of its iOS privacy solution currently helping protect thousands of mobile devices, Safe-T is expanding its offerings into the global Windows PC market. Today, with approximately 50% of worldwide data traffic originating from desktop/laptop devices1 and with over 40% of global consumers having already become victims of online identity theft2, the need for ensuring privacy when browsing from home is more critical than ever. “Today, our privacy and personal data is increasingly at risk which is why it is important for us to provide our users with comprehensive protection for their desktop computers as well as their mobile iOS devices. We are proud to announce the release of our consumer privacy solution for Windows desktops, a strategic development that enables us to address a large global opportunity by expanding our offerings into the consumer home market,” said Shachar Daniel, Chief Executive Officer of Safe-T. “We intend to leverage the strong traction we are generating with our iOS mobile products as we further expand our portfolio into untapped market segments including other mobile and desktop platforms over the next few months.” Utilizing advanced encryption technologies, the desktop privacy solution prevents a user’s personal data from being accessed or monitored by Internet Service Providers (“ISPs”), advertisers and third parties. By blocking the ability to track or monitor a user’s online activity and history, their personal information is protected when browsing from home or when using public Wi-Fi or other unsecured internet access points. With the consumer privacy for PCs, users can protect themselves from online attacks including identity and credit card theft. About Safe-T Group Ltd. Safe-T Group Ltd. (Nasdaq, TASE: SFET) is a global provider of cyber-security and privacy solutions to consumers and enterprises. The Company operates in three distinct segments, tailoring solutions according to specific needs. The segments include, enterprise cyber-security solutions, enterprise privacy solutions, and consumer cyber-security and privacy solutions. Our cyber-security and privacy solutions for consumers provide a wide security blanket against ransomware, viruses, phishing, and other online threats, as well as a powerful, secured and encrypted connection, masking their online activity and keeping them safe from hackers. The solutions are designed for both advanced and basic users, ensuring full protection for all personal and digital information. Our cyber-security solutions for enterprises, designed for cloud, on-premises and hybrid networks, mitigates attacks on enterprises’ business-critical services and sensitive data, while ensuring uninterrupted business continuity. Organizational data access, storage and exchange use cases, from outside the organization or within, are secured according to the “validate first, access later” philosophy of Safe-T’s zero trust. Our ZoneZero® solutions are available by our reseller, TerraZone Ltd., a global information security provider, as a solution or cloud service. Our privacy solutions for enterprises are based on our advanced and secured proxy network, the world’s fastest, enabling our customers to collect data anonymously at any scale from any public sources over the web using a unique hybrid network. Our network is the only one of its kind that is comprised of millions of residential exit points based on our proprietary reflection technology and hundreds of servers located at our ISP partners around the world. The infrastructure is optimally designed to guarantee the privacy, quality, stability, and the speed of the service.

Read More

Spotlight

NHS Digital writes on its website, “patient safety and care is enabled by strong data and cyber security.” This is something that Sophos has been working on in partnership with the NHS for over thirty years. Sophos welcomes NHS Digital’s subscription to the Windows 10 desktop operating system, which includes Windows Defender Advanced Threat Protection (ATP)1 , as we believe that this will provide another layer of security to complement our solutions and help remove legacy systems, which are easier to attack or compromise.

Resources