Samsung NEXT

Technologies bringing about a new reality

Extended Reality

Wevr is an interactive software studio that produces virtual reality environments for games, marketing activities, well-being initiatives, and educational simulations, powered by game engines and blockchain technology. The company also creates location-based experiences that can be utilized in establishments such as museums and retail stores. Wevr introduced Wevr Virtual Studio (WVS) (December 2021), a cloud-based platform for developers to create, collaborate, organize, and share interactive/3D projects. WVS is powered by the industry-standard GIT backend, customized for game engine workflows. As of February 2022, WVS is open for early access.Key customers and partnershipsAs of January 2024, the company had collaborated with creators and brands such as Run the Jewels, Paul Allen, Warner Brothers, JK Rowling, Samsung, Jon Favreau, Reggie Watts, and YouTube.In July 2021, Wevr worked with Warner Bros Studio, the Blair Partnership, and other collaborators to develop two location-based VR experiences for the Warner Bros and Harry Potter flagship store in NYC. Wevr was responsible for the virtual environment production and character animation system, as well as the hardware design and software implementation of the physical user experience of the project. The physical experience included an interactive broom flight simulation that triggers physical effects with events occurring in the story sequence using tracking and force feedback systems.The company also collaborated with AT&amp;T and Ericsson to create a multi-user location-based XR experience that is photorealistic. The experience was built on Dreamscape Immersive’s VR platform and used a private 5G network from Ericsson that offers the high frame rates and low latency required to secure photorealism in XR experiences.

8i’s technology combines and compresses volumetric data captured from up to 60 2K/4K cameras to create 3D assets/holograms in standard streamable formats. The platform also has an editing tool compatible with industry-leading tools like Maya and Blender, and integrates with Unity, Unreal, and 8th Wall to bring hologram assets into native and WebXR experiences. 8i’s streaming technology allows these holograms to be streamed live or on-demand to any device including smartphones, tablets, desktops, and VR headsets, for applications in areas such as training, commerce, communication, and entertainment.The company provides all the hardware and the software needed to capture holograms, including stages, premium computer vision cameras, lighting, sync boxes, computers, and recording software. 8i’s system uses proprietary machine learning techniques to automatically reconstruct 3D figures using multiple video sources. Its 1000x compression technology is also supported by proprietary machine learning and enables high-quality real-time encoding.The company first demonstrated its technology to render volumetric data in real time and stream live holograms in October 2021, during what the company claims, was “the world’s first livestreamed hologram interview”. Use cases for this technology include live presentations, concerts and performances, sports and entertainment events, training and education experiences, personal fitness, and shopping.Key customers and partnershipsAs of January 2024, the company had worked with notable customers such as LG, Walmart, L'Oréal, MTV, and Volkswagen.

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 Survios is a developer of VR-based video games that are supported on multiple VR systems such as Oculus, Vive, and PlayStation VR. The company&rsquo;s first game Raw Data (2015) was the first VR game to reach USD 1 million in sales within one month of early access release, and it included full-body position tracking, avatar embodiment, and multiplayer capability. Survios launched 2124 (October 2021), a publishing division focused on supporting indie PC, console, and VR game developers in the post pre-production stage. 2124&rsquo;s services include pre-launch services such as platform relations, industry expert advice, and marketing support.
 
 
 Key customers and partnerships
 
 
 In July 2022, it announced a partnership with 20th Century Games to develop &lsquo;Aliens&rsquo;, a single-player, action horror game, for VR, PC, and console. The company is known to focus on releasing titles tied to existing intellectual property in television and film, as evidenced by the launch of its titles such as &ldquo;Westworld: Awakening&rdquo; in partnership with HBO, Kilter Films, and Westworld showrunners, &ldquo;Creed: Rise to Glory&rdquo; with MGM Interactive, and &ldquo;Walking Dead: Onslaught&rdquo; in partnership with AMC. 
 
 
 Funding and financials
 
 
 In its last funding round (October 2020), Survios raised USD 16.7 million in funding led by South Korean SeAH Group's investment arm Irongrey, with participation from Woori Technology Investment, KNET Venture Fund, Seoul Investment Partners, and Shasta Ventures. The funds were raised to expand headcount and develop new video game titles for the latest VR hardware, including the Oculus Quest 2.
 
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Inworld AI is a developer platform for creating dialog and behavior patterns in AI-powered non-playable characters (NPCs) that mimic the social nature of human interactions and express nuanced emotions within virtual worlds and enterprise applications.The company’s offerings include “Inworld Studio,” a no-code platform that enables writers, creators, and designers to calibrate elements of cognition and behavior for previously developed NPCs, such as goals, motivations, speech patterns, memories, knowledge, and voices using generative AI in the form of text-to-character prompts. Dialog patterns can be tested in the Inworld Arcade and Studio. The platform also features integrations with game engine Unity and Unreal to deploy characters into game environments and a software development kit (SDK) integration with Node.js. In <a href="https://sp-edge.com/updates/29760">May 2024</a>, the company launched “Inworld Voice” which offers latency, rhythm, intonation, pitch variation, and pausing. Users can select from 58 AI-enhanced voices that mimic human speech patterns. Following this, the company added multilingual support for Mandarin, Japanese, and Korean for game localization (<a href="https://sp-edge.com/updates/32112">July 2024</a>).Games built using the platform include Origins, a neo-noir detective game, where players use microphones to question NPCs powered by Inworld AI and solve a case, among others. In January 2023, Inworld planned to launch Roblox as an Inworld integration to allow developers to add AI characters to their own experiences.Inworld AI generates revenue through pay-as-you-go pricing schemes, which charge customers based on API interaction usage.Key customers and partnershipsIn <a href="https://sp-edge.com/updates/17686">April 2023</a>, Inworld AI partnered with AR software provider Geenee AR to bring the company’s generative AI features in Inworld Studio to the Geenee AR platform.In September 2022, Inworld AI became a Unity Verified Solutions partner, which allowed developers to access Inworld AI through the Unity store. Furthermore, the company offered a grant of up to USD 1 million for creators to build experiences with AI characters.Funding and financialsIn <a href="https://sp-edge.com/updates/20615">August 2023</a>, the company raised USD 50 million in a funding round led by Lightspeed Venture Partners, bringing the company’s valuation to over USD 500 million. Funds were utilized to bolster R&amp;D efforts, senior headcount expansions, infrastructure investments, and to launch an open-source version of its character engine.Previously, in August 2022, the company raised USD 50 million in a Series A funding round led by Section 32 and Intel Capital. The company was also part of the 2022 Disney Accelerator, Disney’s startup incubator.

Mawari specializes in cloud streaming technology for AR applications, using machine learning, compression, and blockchain technologies to enable real-time rendering and streaming to AR glasses and smartphones through its Mawari Network and decoding algorithm. Mawari’s solutions solve the requirement of XR devices needing to have in-built high-end graphics processing capabilities. In December 2021, it announced that its 3DXR Content Streaming Platform would be available on the AWS Marketplace from 2022 onward, utilizing AWS Wavelength to minimize latency.Mawari graduated from the T-Mobile accelerator program in 2022 and integrated its streaming technology with Qualcomm's Snapdragon Spaces. For the 2023–2024 timeframe, Mawari had plans to launch the Mawari TestNet in collaboration with an initial group of distribution partners in three different geographic regions with various use cases, such as engineering education, medical education, sports, entertainment, and real-estate visualization.Mawari generates revenue from content providers' usage of the Mawari Network, with Mawari Network delivery partners receiving a share of that revenue.Key customers and partnershipsKey customers include Qualcomm, BMW, 8th Wall, Ericsson, Niantic, T-Mobile, and Sapporo Breweries.In February 2023, Mawari partnered with Japan’s second-largest telecommunications company KDDI, which saw KDDI joining the Mawari Network Testnet in Japan to explore use cases for the consumer and entertainment verticals using XR wearables. Mawari previously partnered with KDDI to provide Mawari’s 3D XR Content Streaming platform to KDDI’s Digital-Human Guide. The company also partnered with T-Mobile to utilize its XR Streaming SDK to remove the rendering burden from T-Mobile’s edge servers.

Afference, launched in 2022 and led by a team of neural engineers, focuses on the creation of a neural interface platform to be used with VR, AR, and MR devices, allowing greater user immersion.The company developed “The Phantom”, a haptic VR glove that fits around the user's wrist–leaving their fingers uncovered. Instead of relying on pressure or hand-tracking technology, Phantom uses electrical signals to convey sensations on the skin, which are then interpreted by the brain. The device can connect to any spatial computing platform, including virtual and mixed reality devices, via Bluetooth. The company anticipated releasing development kits for Phantom in early 2024.Funding and financialsIn <a href="https://sp-edge.com/updates/22215">September 2023</a>, Afference raised USD 1.5 million in a funding round led by Konvoy. Funds were to be used to advance its neural interface platform.

A decentralized version of the web powered by the blockchain

Web3 Ecosystem

Alchemy provides a platform for web3 developers to build and scale dApps without having to manage the blockchain infrastructure in-house. The platform provides a suite of SDKs, APIs, and other solutions designed for use on layer-1 and layer-2 blockchains such as Ethereum, Solana, and Polygon. Popular projects that use Alchemy include Augur, Cryptokitties, Radar Relay, OpenSea, and Trust Wallet.Alchemy’s infrastructure service Supernode offers node-as-a-service, allowing developers to connect to the Ethereum blockchain through an API to deploy dApps. Supernode incorporates a proprietary coordinator service to ensure that the data stored on the nodes are correct, in real time, and in sync.The company provides a dApp development tool called <a href="https://sp-edge.com/updates/16634">Create Web3 Dapp (CW3D) </a>, which allows developers to construct dApps in four minutes, according to the company. The tool is open-sourced and provides baseline templates for building dApps such as DeFi exchanges and NFT marketplaces. It is designed for people with some technical knowledge. It also offers a no-configuration, in-house suite of developer tools called Build, which allows developers to carry out prototyping and debugging of dApps. Build also includes an explorer tool that allows developers to search through historical requests to find specific bugs, performance optimizations, and patterns of errors. In addition, Alchemy provides a platform to monitor and receive alerts about a dApp’s health, performance, and user behavior, as well as a ChatGPT plugin–AlchemyAI–that allows developers to query and conduct analysis of blockchains in real-time.In September 2023, Alchemy acquired blockchain data indexing platform <a href="https://sp-edge.com/updates/22192">Satsuma</a> for an undisclosed amount. Satsuma’s subgraphs were to be integrated into Alchemy’s product suite to help developers build apps faster by extracting and transforming blockchain data.Alchemy also supports Web3 startups through its investment arm Alchemy Ventures and offers marketing services to create awareness for new dApps.Funding and financialsAlchemy raised USD 200 million in a Series C-1 funding round in February 2022 co-led by Lightspeed Venture Partners and Silver Lake at a valuation of USD 10.2 billion. The company aimed to use the fresh funds to expand its workforce and invest in the web3 ecosystem.

Based in Vietnam, Sky Mavis is a game studio developing blockchain-based games that incorporate player-owned economies and marketplaces for trustless trading of unique digital assets.Its flagship video game is Axie Infinity, a play-to-earn NFT-based game launched in March 2018. Axie Infinity gameplay involves players collecting and raising pets called Axies (represented by NFTs) to fight and hunt for treasures. Players can mint Axies as well as buy and trade them in a marketplace. The game had a peak of 2.8 million monthly users in January 2022 and, as of September 2023, averaged at ~348,000 monthly users. Axie Infinity is deployed on a dedicated side-chain named the Ronin Network and is connected to the Ethereum blockchain through the Ronin Bridge, which allows for the transfer of digital assets between the networks. Moreover, the company also developed a free-to-play card-based strategy game called Axie Infinity: Origins, which launched in December 2022.In June 2024, the company <a href="https://sp-edge.com/updates/30591">launched Ronin zkEVM</a>, allowing developers to launch their own layer-2 chains on top of the Ronin protocol. It utilizes zk proofs to increase transaction throughput and reduce costs while maintaining compatibility with the Ethereum ecosystem. This allows Ronin to process significantly more transactions. In addition, it launched a cross-game onboarding solution called <a href="https://sp-edge.com/updates/33585">Ronin Waypoint</a> in September 2024, allowing players to access games on Ronin using a single account credential—via email or social logins—without the need for seed phrases or browser extensions.In addition, Sky Mavis launched Mavis Hub: Greenlight as a part of Axie Infinity's builders' program. The platform offers game builds, tools, and potential funding to support game developers in creating new games within the Axie ecosystem.

Mysten Labs, formed by four former executives of Meta’s Novi Research team and lead architects of the defunct Diem blockchain, is a developer of infrastructure and tools to accelerate Web3 adoption. Its products include Move, a programming language for building smart contracts, and Sui, a layer-1 blockchain.Sui is a proof-of-stake layer-1 blockchain written in the Rust programming language. It supports smart contracts written in Sui Move, a derived version of the Move programming language. The network scales linearly attributable to its parallel transaction execution mechanisms, enabling it to handle a maximum throughput of 120,000 transactions per second. Additionally, simple transactions on the network can bypass the consensus mechanism. Users can sign in to Sui apps using Web2 social logins like Google and Facebook, facilitated by its authentication solution,&nbsp;<a href="https://sp-edge.com/updates/21886">zkLogin</a>. The blockchain’s native token is SUI, which can be used to pay for gas fees and staking. Moreover, upgrades to the network are subject to a number of peer reviews. The Sui mainnet was launched in May 2023.In October 2024, the company launched the public testnet for&nbsp;<a href="https://sp-edge.com/updates/35043">Walrus Protocol</a>, a decentralized storage network supported by 25 independent operators globally. The testnet introduces features like a delegated proof-of-stake model, WAL token, and a 2D encoding algorithm for efficient storage.Key customers and partnershipsThe company formed a&nbsp;<a href="https://sp-edge.com/updates/17512">partnership with Aether Games</a>, a Web3 game development and publishing studio, to develop Web3 games on the Sui blockchain. It also&nbsp;<a href="https://sp-edge.com/updates/23585">partnered with Space and Time (SxT)</a>, a decentralized data warehouse platform, to provide developers access to a full stack of zero-knowledge-proof-based (ZK) tools for Web3 game development. It also partnered with Stardust, a blockchain infrastructure platform for developing Web3 games to enhance Sui’s Web3 gaming ecosystem by creating a straightforward onboarding process for game developers and introducing new games and capabilities to the network.&nbsp; Additionally, It&nbsp;<a href="https://sp-edge.com/updates/28982">partnered with Google Cloud</a> to enhance dApp development by integrating Sui blockchain data into BigQuery. Sui also gained access to Google Cloud's Vertex AI for Web3 code debugging and improvement.

Saga is a layer-1 blockchain specially designed for Web3 gaming applications. It enables developers to create parallelized and interconnected dedicated chains for applications that can dynamically expand in response to the requirements of their Web3 applications. Saga simplifies the process of launching a dedicated chain, known as Chainlet, to be as straightforward as deploying a smart contract by implementing shared security, advanced validator coordination, and a standardized automated deployment process compatible with various blockchain virtual machines.&nbsp;The protocol launched its incentivized testnet named <a href="https://sp-edge.com/updates/23275">Pegasus</a> in October 2023, as part of preparation for the full-featured Saga Protocol V1 Mainnet. Pegasus is designed to support the development and deployment of Chainlets for game creators on the Saga protocol. In addition, the testnet features a security chain and a platform chain, where developers launch and maintain their Chainlet. In April 2024, it<a href="https://sp-edge.com/updates/28349"> launched its mainnet</a>, Saga Mainnet Phase One, with over 350 projects. The mainnet enables developers to scale their infrastructures, offering gas-free transactions, automation, interoperability, fast bridging, and a flexible stack across multiple chains while enhancing user experience.In addition, Saga launched <a href="https://sp-edge.com/updates/27773">Saga Origins</a>, a new division dedicated to Web3 game publishing. It will assist developers by offering support for launching games, user acquisition, community building, and marketing initiatives.Funding and financialsIn November 2023, the company raised USD 5 million in an <a href="https://sp-edge.com/updates/24190">extension of its seed funding</a> round led by venture capital firm Placeholder, with the fresh funds earmarked towards launching Saga's mainnet, which is planned to go live in January 2024.

Based in Canada, LayerZero Labs develops omnichain interoperability protocols (called LayerZero) to connect different blockchains that allow dApps to exist on multiple chains. The LayerZero protocol works by using on-chain nodes and non-upgradable smart contracts, with users only required to pay for transaction fees on the source chain. The protocol connects over 30 mainnet blockchains including EVM-compatible chains such as Ethereum, Avalanche, and Polygon. In December 2023, the company introduced its v2 iteration, launching over 40 testnets for the blockchain networks it supports. The upgraded release aims to streamline third-party development, enhance security, and improve throughput.The company also offers a cross-chain liquidity transfer protocol Stargate, which is built on top of the LayerZero protocol.&nbsp;Key customers and partnershipsNotable customers using its technology include PancakeSwap, Sushiswap, and Uniswap.In July 2022, LayerZero Labs collaborated with Singapore-based GameFi company Ethlas to enable the latter’s metaverse platform to be accessed by users in other blockchains such as Ethereum, while enabling users to move tokens (money) across the different networks. It also entered into a strategic&nbsp;<a href="https://sp-edge.com/updates/21768">partnership with Google Cloud</a> in September 2023, with the latter serving as an outside verifier to attest to the reliability of the information transmitted on its protocol.&nbsp;In October 2024, the company&nbsp;<a href="https://sp-edge.com/updates/34401">partnered with EigenLayer</a> to launch the open-source CryptoEconomic Decentralized Verifier Networks (DVNs) Framework, enabling users to create DVNs on EigenLayer using various tokens. The framework enhances blockchain interoperability by allowing verifiers to stake assets like ZRO, EIGEN, and ETH to secure cross-chain message verification.As of April 2023, LayerZero Labs had processed over USD 6 billion in transactional volume.

Berachain offers a Cosmos-based layer-1 blockchain protocol. It is an Ethereum Virtual Machine (EVM)-compatible layer-1 blockchain built on the Cosmos SDK, utilizing a unique consensus mechanism called “Proof of Liquidity.” Users can simultaneously stake assets on the Berachain blockchain and use the same assets for on-chain trading, borrowing, or lending.Berachain features three native tokens: BERA, BGT, and HONEY. BERA is used for transaction fees, while BGT is a non-transferable governance token acquired by providing liquidity to the native decentralized exchange (DEX) BEX. Notably, BGT can be burned at a 1:1 ratio to obtain BERA, but the reverse is not possible. HONEY, on the other hand, is a stablecoin pegged to USDC.In January 2024, Berachain launched its public testnet, Artio, which attracted over 300,000 users and processed over 1 million transactions within the first 48 hours. The mainnet was planned to be launched in Q2 2024, with plans for integration with custodians, cross-chain messaging, bridging protocols, and data availability solutions.

New technologies are opening up mental health services to previously overbooked and underserved populations.

Mental Health Tech

Big Health helps individuals improve their mental health through tech-based cognitive behavioral therapy. The company's flagship products include Sleepio for insomnia, Daylight for anxiety, and Spark Direct for depression in individuals aged 13 and older. Big Health's digital therapeutics utilize cognitive behavioral therapy (CBT) techniques and are designed to be fully automated, delivering personalized care without the need for clinician intervention. In <a href="https://sp-edge.com/updates/10620">May 2022</a>, the company received a recommendation from the National Institute for Health and Care Excellence for Sleepio as an alternative to sleeping pills such as zolpidem and zopiclone within the UK. In <a href="https://sp-edge.com/updates/32754">August 2024</a>, the company received FDA approval for SleepioRx, a therapy tool intended to mitigate sleep disorders over a 90-day period. Furthermore, in September 2024, it obtained FDA approval for DaylightRx, a digital therapeutic intended to treat generalized anxiety disorder. In <a href="https://sp-edge.com/updates/20152">July 2023</a>, Big Health expanded its portfolio by acquiring <a href="https://sp-edge.com/companies/639908">Limbix</a>, a company that developed digital therapeutics for adolescent mental health. This acquisition added SparkRx, a digital therapeutic for teens and young adults with depression symptoms, to Big Health's offerings.&nbsp;Key customers and partnershipsThe company's products are primarily distributed through employers, health plans, and pharmacy benefit managers, with over 300,000 patients enrolled in treatment as of January 2023. As of January 2022, Big Health's products covered over 10 million lives globally.&nbsp;The company’s key customers include Comcast, Delta Air Lines, LinkedIn, Boston Medical Center, and Henry Ford Health System. In October 2021, Big Health announced that its products were added to CVS Caremark's pharmacy benefit management business, significantly expanding access to its digital therapeutics.In 2022, the UK's National Health Service (NHS) Scotland made Big Health's products available to all Scottish adults. Furthermore, in March 2024, Big Health partnered with Grow Therapy to launch a comprehensive mental health platform that integrates Big Health's digital therapeutics with Grow Therapy's provider network.

Brave Health is a virtual behavioral healthcare provider for Medicaid members. Its offering comprises video consultations and medication-assisted treatments for a wide range of conditions across the spectrum of mental health and substance use disorders. Members can connect with a network of specialists, including licensed physicians, nurse practitioners, therapists, and counselors through the platform. As of October 2021, the company had a team of 120 healthcare experts.The company takes a three-step approach to treatment: 1) conducting an assessment of each member to establish their goals and options, 2) creating a personalized treatment plan together with a therapist and medical team, and 3) continuing engagement with the member.&nbsp;Although these services are covered by most major insurance providers in the US, the company also provides a self-pay option for those without insurance, which is priced according to the service provided. For example, a 60-minute group therapy session is priced at USD 82.50 out-of-pocket while a counseling visit for 50 minutes costs USD 157.50. The treatment period would depend on each individual and typically lasts between 6 to 18 months.Key customers and partnershipsAs of October 2022, Brave Health served over 65 million covered lives across more than 200 health plan contracts in 18 states. In 2022, the company partnered with Molina Healthcare of Texas and Centene's Sunshine Health in value-based care arrangements, covering over 1 million potential Medicaid members.Brave Health has also formed strategic partnerships to expand its reach. In April 2022, the company teamed up with The Doula Network to provide virtual mental health support to expectant mothers on Medicaid. In August 2022, Brave Health announced a partnership with MedArrive, a home-based healthcare technology company, to integrate virtual mental health services into home care visits. In December 2022, Brave Health launched a partnership with Superior HealthPlan, a Centene subsidiary serving 1.7 million people in Texas, to help close care gaps among Medicaid members, particularly those with high emergency room utilization.

New York-based Ritual provides weekly 1-on-1 guidance from relationship experts and several in-app tools to help couples receive virtual therapy. These tools include educational video and audio clips, guided self-reflection, and a digital skill toolkit. Users begin by both individuals taking a self-assessment questionnaire after which a personalized plan is developed. After which the platform provides weekly counseling sessions and provides daily engagement via journaling and its digital skill tool kit. Ritual also plans to launch a community feature in the future where members are able to engage with other users via a confidential online community function.The platform offers new joiners 14 days of free counseling with no commitment. After which the company charges users a weekly subscription rate. As of October 2022, the company has three tiers of subscriptions costing USD 7.50 per week, USD 35 per week and USD 50 per week.

Affect Therapeutics is a digital therapeutic provider that offers digital treatments solutions for both alcohol and substance abuse. The company’s solution, Affect, operates via an app and provides users with daily challenges to encourage sobriety and a healthy lifestyle. The app also has in-built functions to offer users one-on-one sessions with counselors, access to therapy groups, psychiatric consultations, and periodic drug/alcohol screenings. The app utilizes gamified mechanics, including providing monetary rewards for completing tasks and additional rewards for maintaining and 'streaks' of sobriety, to improve user stickiness. The company provides a variety of treatment plans to encourage users to quit habit forming substances such as alcohol, marijuana, meth, cocaine, or prescription stimulants.Key customers and partnershipsThe company operates both on a D2C basis as well as a B2B2C basis, working with healthcare providers to offer its solution to users while accepting most health plans for access. As of July 2023, the company has outpatient treatment licenses in 20 states and aims to cover a majority of the US population by the end of 2023.As of September 2024, the company had secured several partnerships with major health plans such as UnitedHealthcare, Aetna, Humana, Molina, and Centene.

Eleos Health offers an AI-based voice analysis program that analyzes behavioral health sessions to provide real-time actionable insights to clinicians. The company's core technology leverages proprietary, behavioral health-specific large language models (LLMs) to interpret, analyze, and document behavioral health conversations. Eleos Health's platform embeds seamlessly into electronic health records (EHRs), telehealth tools, and existing provider workflows, operating in the background of clinician-patient conversations with full patient consent. The system captures and digitizes behavioral health sessions, autonomously identifying in-session themes and generating post-session clinical progress notes. This automation reduces provider documentation time by over 50%, allowing clinicians to focus more on therapeutic alliance and personalized care.As of November 2023, Eleos Health had analyzed more than 3 million minutes of therapy sessions, saving over 300 days of documentation time across all providers and organizations. The company has expanded its product offerings to support field-based providers in case management and community outreach, compliance management, and group therapy sessions.Key customers and partnershipsEleos Health’s notable customers include Gaudenzia Home, The Brookline Center for Mental Health, Coleman Health Services, and Mental Health Partners.&nbsp;In April 2024, Eleos Health was selected as a Gold partner of the National Council for Mental Wellbeing, a Washington, DC-based association of organizations across the country focused on mental health and addiction treatment and services. Additionally, in September 2023, Eleos Health partnered with Mend to integrate their technologies and make both platforms more accessible to organizations across the country. In November 2023, Eleos Health also announced a partnership with Kipu Health, an electronic medical record (EMR) platform provider, to enable Eleos' voice-based Natural Language Understanding technology within the Kipu EMR.

More important now than ever, telehealth will long outlast the pandemic that drove its growth.

Telehealth

Glooko is an app-based remote patient monitoring and diabetes management platform that collects patient data from a range of third-party glucose monitoring devices. Glooko’s US Food &amp; Drug Administration approved Mobile Insulin Dose Adjustment System (MIDS) allows healthcare providers to create customized care plans and provides patients with daily instructions on recommended insulin dosage levels based on the readings from the glucose monitoring devices.The platform also allows diabetic patients to track activity data and meals, access educational material, and follow care plans that are monitored through the app. As of March 2021, the app has partnered with more than 7,500 clinics and served 3 million users with diabetes across 27 countries.As of March 2022, the company had acquired two companies: 1) <a href="https://sp-edge.com/updates/8154">xbird </a>, a German AI-backed medical company, and 2) French diabetes care platform <a href="https://sp-edge.com/updates/9200?industryIds=22">DIABNEXT </a>as part of its planned global expansion drive. The integration of xbird’s Just In Time Adaptive Intervention technology will enhance Glooko’s advanced analytics capabilities and tools as well as expand its global reach across 7,500 clinics and more than one million users. DIABNEXT will be rebranded as Glooko XT and two platforms will be available for the French market which allow the company to scale its operations into more regions and expand its remote patient monitoring services.As of <a href="https://sp-edge.com/updates/34688">October 2024</a>, more than 4.4 million people worldwide with diabetes have used the Glooko platform.

Alpha Medical is a digital healthcare company that focuses on women's care, dermatology, hair, and mental health, as well as primary and urgent care.&nbsp;Alpha allows patients to fill out a questionnaire describing their symptoms and upload photos of affected areas. The uploads are reviewed by a practitioner within 24 hours (within 8 hours for urgent care) and patients are sent a treatment plan. It also serves as a coordinator for lab test centers and physical doctor appointments depending on the needs and affordability of patients. Prescriptions directed by physicians will either be delivered to the patient’s home or sent to the pharmacy for pick up.&nbsp;As of <a href="https://www.helloalpha.com/">August 2024</a>, the platform’s basic membership cost USD 29 per month for access to primary care consultations only, while its premium membership cost USD 64 per month with an increased number of virtual consultations, access to treatment for specialized treatments, and care for more than 100 medical conditions.

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 Canopy Care (formerly Expain) is an oncology-focused remote patient monitoring and chronic care management platform that offers both a patient-facing app and a full suite of solutions for cancer centers, including electronic health records integration, treatment management, workflow tools, remote patient monitoring, and automated reimbursement capture. The app allows users to report symptoms, enabling patient triage, based on the level of urgency. It has made patient enrollment, engagement, retention, and timely nurse intervention rates more efficient.
 
 
 
 
 The company operates on a subscription-based B2B2C basis and partnerships with oncology practices that operate across the US. The company&rsquo;s platform is designated as the preferred vendor for the Quality Cancer Care Alliance (QCCA) and for several oncology practices such as the Highlands Oncology Group, Northwest Medical Specialties, Los Angeles Cancer Network, Cancer and Hematology Centers of Western Michigan, and Tennessee Cancer Specialists (TCS). As of March 2022, the company had served more than 50,000 patients. 
 
 
 
 
 In March of 2022, the company launched out of stealth with a USD 13 million funding round led by GSR Ventures that is earmarked for scaling Canopy&rsquo;s operations and providing better insights to its clinical partners to improve patient care. Additionally, the funds were allocated to be invested in its technology, to enable providers to offer personalized treatment plans.
 
 
 
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Atropos Health provides its clients with insights and reports into clinical queries based on anonymized patient records. The company refers to this as their “prognostogram informatics consult”, which has a 24-hour turnaround time. The company is working on a similar consult service for oncology where treatment pathways will also be suggested based on previous patient data. Its main clients are physicians.&nbsp;In <a href="https://www.atroposhealth.com/blog/atropos-health-launches-new-geneva-os-and-chatrwd-application-for-rapid-real-world-evidence-with-generative-ai">October 2023</a>, Atropos Health launched the Geneva OS (Generative Evidence Acceleration Operating System) and ChatRWD (Real World Data) application, aimed at helping healthcare and life sciences leaders advance evidence generation. The new offering allows non-technical users to generate publication grade observational research studies using real world data from the Atropos Evidence Network. The company claimed that the new offering can expedite decision-making, generate evidence in minutes instead of weeks to months, and result in cost savings while not affecting clinical outcomes.Key customers and partnershipsIn <a href="https://www.prweb.com/releases/atropos-health-partners-with-norstella-to-expand-the-atropos-evidence-network-and-structured-clinical-trial-intelligence-302173899.html">June 2024</a>, the company partnered with Norstella, an intelligence solution provider, to expand the Atropos Evidence Network. Through this partnership, Norstella’s platform was used to expand the adoption of Atropos Health's GenAI platform GENEVA OS.In <a href="https://www.mobihealthnews.com/news/data-companies-atropos-health-arcadia-announce-partnership#:~:text=Through%20the%20partnership%2C%20Arcadia%20joins,conduct%20real%2Dworld%20evidence%20studies.">January 2024</a> the company partnered with healthcare data platform Arcadia to integrate Atropos' evidence generation capability into Arcadia's data platform, enabling value-based healthcare services and decision-making. The partnership allows Arcadia’s clients to apply Atropos’s suite of tools, which turn medical data into individual evidence supporting comprehensive patient care and performance in value-based care models. Furthermore, the collaboration will facilitate healthcare providers in creating relevant data-driven evidence to optimize care pathways and clinical guidelines and choose the best interventions for value-based care.Also in <a href="https://www.atroposhealth.com/blog/atropos-health-leverages-google-cloud">January 2024</a>, the company partnered with Google Cloud to accelerate real-world evidence generation for healthcare systems. Through the partnership, Atropos’ GENEVA OS platform was integrated with Google Cloud's Healthcare Data Engine (HDE) and BigQuery. This enabled company's using Atropos' services to simplify access to data, streamline analytics, and democratize insights.The company also partnered with SEQESTER in <a href="https://www.businesswire.com/news/home/20231214292956/en/Atropos-Health-and-SEQSTER-Partner-to-Accelerate-Patient-Registries-in-Clinical-Research-Saving-Health-Systems-Millions-and-Accelerating-Evidence-Generation">December 2023</a> to save time, money, and accelerate drug development. Through the partnership, SEQESTER incorporated Atropos' solution to its own, allowing SEQESTER to deliver real-time and real-world data layered in AI to accelerate drug discovery.In <a href="https://www.prnewswire.com/news-releases/atropos-health-and-datavant-partner-to-bring-connected-fit-for-purpose-real-world-evidence-to-the-point-of-care-301857602.html">June 2023</a>, the company partnered with healthcare data ecosystem provider Datavant to exchange patient-level data. Through the partnership, Atropos Health users gained access to Datavant’s services, while Datavant’s ecosystem gained access to the Atropos Evidence Platform. The partnership also enabled Atropos Health to grade data present in Datavant’s ecosystem to assign a “Real World Data Score,” based on the quality of data with regard to size, completeness, longitudinality, and level of standardization and a “Real World Fitness” score, based on the data’s real-world applications. Additionally, the partnership allowed for the conversion of Datavant’s ecosystem data into real-world evidence through Atropos Health’s “Green Button Informatics Consult Service,” which creates publication-grade analytics in 48 hours.

Asynchronous store and forward service provider Pocket Health is Canada’s first platform to allow patients to upload their own medical imaging records such as X-rays, ultrasounds, CT scans, and MRIs. Patients can access and share these high-resolution records with healthcare providers across any network for diagnosis and for reports using a similar concept to Dropbox for health scans. The images are encrypted for access via multiple devices. The platform also helps patients understand their results as it provides in-app functions to explain medical phrases in layman’s terms.In <a href="https://www.pockethealth.com/2023/07/27/pockethealth-launches-appointment-reminders/">July 2023</a>, the company launched Appointment Reminders, a new product integrated into its image-sharing platform for healthcare providers. Appointment Reminders enables healthcare providers to send automated, personalized prep instructions and scheduling reminders to patients via email or text messages.&nbsp;The company operates on a freemium basis; it offers a basic option for free. For its premium features, such as viewing images online, receiving follow-up recommendations, and sharing images via print and email, the company charges USD 29 per year. Pocket Health also has another subscription offering for USD 49 per year, enabling patients to ask doctors follow-up questions, access additional testing, and cover up to four family members.Key customers and partnershipsAs of <a href="https://www.pockethealth.com/">August 2024</a>, the company’s platform had been used by 1.5 million patients.&nbsp;The company operates on a B2B2C model, and, as of <a href="https://www.pockethealth.com/">August 2024</a>, had partnered with over 800 imaging providers and hospitals across the US, including <a href="https://www.pockethealth.com/">Washington Hospital Healthcare</a> System, <a href="https://www.sjhc.london.on.ca/news-and-media/our-stories/new-st-josephs-partnership-empowers-patients">St Joseph's Healthcare London</a>, and <a href="https://www.midlandhealth.org/main/blogs/midland-health-partners-with-pockethealth-132">Midland Health</a>.

AI-based solutions for evolving digital threats

Next-gen Cybersecurity

Cylera provides a patient-centric patented platform “MedCommand”, to protect IoT medical devices (infusion pumps, CT machines), enterprise IoT devices, and operational technology from data breaches, ransomware, and other threats in the healthcare industry. Cylera’s platform allows the quarantining of connected devices without having to completely shut them down, which proves beneficial in critical applications such as hospitals. The platform is connected to a central management console to provide real-time asset management, risk analysis, risk mitigation, and threat detection and response. In June 2020, Cylera partnered with The AbedGraham Group, a healthcare analytics platform, to integrate Cylera’s platform with the group’s clinical security analytics platform CCOM² to secure healthcare IoT devices. Cylera is affiliated with Cisco’s Security Technology Alliance (CSTA) program to collaboratively solve advanced security threats arising in the healthcare industry. In March 2021, Cylera raised USD 10 million in a Series A funding round led by Concord Health Partners and Maverick Ventures. The proceeds will be used to extend its technology, expand into new international markets and verticals, and double the headcount of its team by the third quarter of 2021.

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 Cynerio offers a platform to secure connected devices in the healthcare sector, including medical devices and enterprise IoT and operational technology (OT) devices such as closed-circuit TV cameras, HVAC systems, and more. The platform offers proactive security with features for automated risk reduction, attack prevention, and remediation. Cynerio also supports engineering teams with the ability to carry out real-time inventory management, utilization tracking, etc., as well as audit preparedness, compliance, and site due diligence. Cynerio also provides threat intelligence to its customers on new vulnerabilities using AI-based solutions. 
 
 
 In June 2023, Cynerio unveiled 
 <a href="https://sp-edge.com/updates/19738">
 a number of new generative AI-powered features
 </a>
 for its healthcare IoT platform, including enhanced search functions and automated rulesetting. Cynerio also plans to leverage the technology for data analytics, threat detection, and response.&nbsp;
 
 
 Key customers and partnerships
 
 
 Cynerio 
 <a href="https://sp-edge.com/updates/10042">
 partnered
 </a>
 with the next-gen security information and event management (SIEM) startup, Securonix in April 2022 to integrate their solutions for enhanced network and security visibility across the Internet of Medical Things (IoMT) network of healthcare organizations.
 
 
 In June 2023, Cynerio partnered with Microsoft to integrate the latter&rsquo;s SIEM and SOAR solution, Sentinel, with its medical IoT protection platform.
 
 
 Funding and financials
 
 
 Cynerio raised USD 30 million in Series B funding led by Alive Israel HealthTech Fund. The company expects to use the funding for product development, improving its channel program, increasing its US market share, and expanding internationally.
 
 
 During 2020, the company experienced 300% revenue growth driven by the Covid-19 pandemic and the need for robust health care security solutions.
 
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<div>
 
 Stellar Cyber (formerly known as Accaella Technology) offers an open detection and response (Open XDR) platform which uses a proactive approach to detect cyber security breaches, to reduce threat detection and response time of enterprises and managed service providers (network, SIEM, IT, Internet and cloud security). The company leverages supervised and unsupervised machine learning algorithms to detect advanced threats such as account takeovers. The company claims that its artificial intelligence solution improves mean time to detect (MTTD) by more than 8 times and mean time to recovery (MTTR) by more than 20 times.
 
 
 Stellar Cyber introduced 
 <a href="https://sp-edge.com/updates/20433">
 IoT and operational technology (OT)
 </a>
 protection capabilities to its Open XDR platform, allowing businesses to use the same license and platform to protect both their IT and OT environments, offering an advantage in neutralizing attackers moving between networks.
 
 
 Key customers and partnerships&nbsp;
 
 
 Stellar Cyber 
 <a href="https://sp-edge.com/updates/15413">
 partnered 
 </a>
 with Netskope, a cloud security startup in December 2022, to provide a joint solution that incorporates rich user-centric data to improve control and visibility of risks and threats across incident investigations conducted by Security Operation Center (SOC) analysts.
 
 
 Deeptree, a managed security services provider (MSSP), incorporated Stellar Cyber&rsquo;s security operations into its managed detection and response (MDR) offering, to scale its own cybersecurity operations in 2020.
 
 
 Funding and financials&nbsp;
 
 
 In October 2019, the company raised USD 7.1 million in an additional Series A funding round from Susquehanna International Group. The proceeds were used to expand its research and development, sales and marketing teams and make new partnerships and to scale its global distribution capabilities.
 
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Paladin Cloud offers an open-source cloud security platform that uses a plugin-based architecture to connect to various data sources to identify and eliminate misconfigurations within cloud environments across AWS, Microsoft Azure, and Google Cloud in real-time.Funding and financialsIn July 2022, the company <a href="https://sp-edge.com/updates/11585">raised USD 3.3 million </a>in a seed funding round co-led by Okapi Venture Capital and Bowery Capital. The funding was expected to be utilized to expand its team across its development function. The announcement also marked the company’s emergence from stealth as it launched its platform to the public.

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 Mitiga offers a platform and human resources for enterprises to respond to cyberattacks. The company&rsquo;s platform automatically detects network breaches, carries out investigations, collates relevant data, and devises remediation steps for all relevant divisions within an organization. As of June 2021, the company employed 42 staff and serves companies across the sectors of financial services, e-commerce, law enforcement, and government agencies.
 
 
 
 
 In June 2021, Mitiga raised USD 25 million in a Series A funding round led by ClearSky Security, Atlantic Bridge, and DNX to significantly expand its workforce across its cybersecurity, engineering, sales, and marketing teams. After having 
 <a href="https://sp-edge.com/updates/17066">
 raised an additional USD 13 million
 </a>
 with participation from new investors including Samsung Next and Blackrock, the company closed out its Series A funding round in March 2023. With a total of USD 45 million raised to date, Mitiga was valued at over USD 100 million at the close of this funding round. The new funding were expected to be deployed towards growth efforts, product development, and increasing headcount.
 
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Bringing the benefits of blockchain to the enterprise

Enterprise Blockchain Solutions

Theta Labs offers a blockchain-based decentralized video delivery network designed to provide high-quality video streaming at lower costs. The platform comprises the Theta blockchain, which handles consensus, rewards, and smart contracts, and the Theta Edge Network, responsible for content delivery via a global network of over 100,000 Edge computing nodes. The Theta blockchain also supports smart contracts and is compatible with the Ethereum Virtual Machine (EVM), enabling the development of decentralized applications (dApps) for a range of use cases.The network’s key features include a decentralized video-on-demand platform, live streaming capabilities, NFT-based digital rights management (DRM), and a decentralized data storage system called “Theta EdgeStore.” Enterprises can leverage the network for decentralized encoding, storage, and peer-to-peer delivery while individual users earn token rewards for sharing their bandwidth and computing resources to cache and relay video streams. Moreover, the company also offers the Theta Video API, which allows developers to add decentralized video to any website or application without central servers.Theta operates using a dual-token model, THETA, a native governance token used for staking and protocol decisions, and TFUEL, a native operational token used for payments and on-chain operations like video stream relaying.In May 2024, the company launched EdgeCloud, a hybrid cloud computing platform that enables users to run a wide range of computing tasks, including video encoding, AI model training, scientific simulations, and financial modeling. Notably, users can power a range of GenAI models, such text-to-video, text-to-3D, and sketch-to-3D, and build AI applications on top of the network. Theta also provides a range of third-party foundation model templates such Meta Llama 2, Google Gemma LLMs, and the CodeLlama coding model to enable faster configuration and deployment.Key customers and partnershipsTheta Network has established partnerships with several prominent companies in the technology and entertainment industries, including 1) AWS (June 2024): to enable users to deploy edge nodes on AWS’ cloud platform using blueprints from the AWS Blockchain Node Runners repository, 2) Google (August 2023) to develop solutions for emerging AI use cases in video, media, and entertainment using cloud and Edge computing technology, 3) Sony to integrate its services with its PlayStation Network to offer gamers a decentralized video streaming option, 3) ABS-CBN (March 2023) to serve as the Web3 video infrastructure partner for ABS-CBN's business units and digital collectibles NFT business, and 4) FedML<a href="https://sp-edge.com/updates/20521"> (July 2023)</a> to enable collaborative machine learning for content recommendations and GenAI on the Theta Network.As of July 2024, served a number of enterprise clients including WPT, Sony, Lionsgate, American Idol, Fuse, NASA, and Samsung.

MachineFi Lab offers an infrastructure suite that includes an Ethereum Virtual Machine (EVM) blockchain, a multi-chain crypto wallet, a blockchain bridge, an onboarding platform, and software development kits (SDKs) for developers to create applications and machine networks​​.Key customers and partnershipsMachineFi has partnered with HealthBlocks for the application of the W3bstream framework for user interactions with intelligent wearable devices and machines. HealthBlocks is a Web3 health app that motivates users to lead healthier lifestyles by allowing them to earn rewards for healthy activities, such as sleep, exercise, and driving safely​.Funding and financialsThe company raised USD 10 million in seed funding in June 2022 at a USD 100 million valuation. The funding round was co-led by Samsung Next, Draper Dragon Fund, and Jump Crypto. The funds raised were utilized for enhancing the platform, scaling its workforce, and incubating new initiatives built on the platform.

Space and Time offers a decentralized data warehouse, pre-loaded with indexed blockchain data from major chains such as Ethereum, Polygon, BNB Chain, Sui, and Avalanche. This warehouse enables the joining of tamper-proof on-chain data with off-chain data sets in an SQL format. The result can be published in smart contracts, decentralized applications, dashboards, business intelligence tools, and machine-learning models. A key component of Space and Time's technology is the Proof of SQL, a novel zero-knowledge cryptography that ensures the queries that run in its system are verifiably tamperproof​.The company claims the protocol can “execute analytic queries across over 100,000-row tables in less than a second on a single GPU." Proof of SQL can also be integrated with ZK virtual machines (zkVMs) and any SQL database (such as Google BigQuery) to provide verifiable source data. In June 2024, Space and Time <a href="https://sp-edge.com/updates/30404">launched “Proof of SQL” on GitHub</a>.Key customers and partnershipsSpace and Time announced a partnership in March 2023 with Bitget, a crypto copy-trading platform, enabling Bitget to offer users higher levels of transparency of exchange operations with a verifiable audit trail of data and calculations. In April 2023, Space and Time announced a partnership with Microsoft to enable real-time blockchain data to be available to developers directly from Microsoft’s Azure Marketplace.The company went on to <a href="https://sp-edge.com/updates/22336">integrate Chainlink,</a> a blockchain middleware infrastructure provider, with its Proof of SQL cryptography technology in October 2023. Space and Time leveraged the Chainlink Network to run its zero-knowledge verifier natively on its nodes and provide consensus on the proof results. It expanded on its proof of SQL technology again in March 2024, via a <a href="https://sp-edge.com/updates/27636">partnership with Matter Labs</a>, developer of the zkSync scaling solution for Ethereum. The company leveraged the partnership to launch its network as a zero-knowledge proof (ZKP) verifiable compute layer (VCL) on a zkSync hyperchain. Moreover, the partnership reportedly makes zkSync the first SQL-compatible smart contract platform.In April 2024, the company <a href="https://sp-edge.com/updates/28295">expanded its partnership with Sui</a>, a layer-1 blockchain initially developed by <a href="https://sp-edge.com/companies/1730181">Mysten Labs</a> and the Sui Foundation, to enhance data accessibility in the Sui ecosystem. The company leveraged the partnership to integrate Sui’s RPC 2.0 service, which uses GraphQL, into its existing data management solution and enable developers to index data from the Sui blockchain in real-time.Funding and financialsThe company raised USD 20 million in venture funding in September 2022, led by Microsoft’s M12 venture fund and other venture capital funds. The proceeds were used for product development and customer acquisition.

<div>
 
 Story Protocol offers an open-source, decentralized platform that enables users to manage provenance tracking, revenue sharing, and licensing of their intellectual property. Users can connect their applications and ​​track how their IP is used and changed across different mediums (such as literature, images, games, and audio) while also controlling how associated parties share in revenues. The company also aims to provide crowdfunding, capital formation, IP discovery, licensing modules, authentication for AI content, and community growth.
 
 
 
 
 Story Protocol aims to create a global IP repository by enabling a large network of third-party developers and services to build their applications on its platform
 
 
 
 
 Funding and financials
 
 
 
 In September 2023, Story Protocol 
 <a href="https://sp-edge.com/updates/21604">
 raised over USD 54 million
 </a>
 in funding led by a16z crypto.
 
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Mawari Network offers a decentralized physical infrastructure network (DePIN) that enables the real-time rendering and streaming of 3D content to spatial computing devices, such as AR/VR headsets. This network leverages GPU nodes globally to deliver 3D content with low latency. The network features patent-pending 3D streaming CODEC and split rendering technology, which can reportedly significantly reduce bandwidth requirements by compressing 4 GB streams to 10–14 MB per second.&nbsp;Moreover, the company also provides a proprietary Spatial Streaming SDK, which integrates with 3D development environments such as Unity and Unreal Engine. The company also announced plans to conduct a node license sale in Q4 2024.As of September 2024, the company reported having three patents, with 12 more pending, related to 3D streaming technology. To further decentralize and scale its network, the company planned to conduct a node license sale in Q4 2024.Key customers and partnershipsAs of September 2024, the company reported having over 50 deployments for enterprise clients, such as T-Mobile, Netflix, BMW, Sapporo, and KDDI.&nbsp;In February 2023, Mawari added KDDI Corporation, a Japanese telecom company, to its network testnet in Japan to explore use cases for the consumer and entertainment verticals using XR wearables. The partnership saw KDDI providing Edge rendering, validating, storage nodes, and last-mile 5G network support. The company has also worked with Qualcomm, integrating its technology with the Snapdragon Spaces XR Developer Platform to remove the rendering burden from T-Mobile’s Edge servers.&nbsp;

A foundational component to the next generation of digital entertainment.

Esports

<div>
 
 THETA.tv (previously named Sliver.tv) offers a blockchain powered esports streaming platform through its subsidiary Theta Labs,  which aims to improve content delivery by utilizing untapped computer bandwidth. Idle computer users will earn cryptocurrency named ‘Theta tokens’ in exchange for bandwidth contributions, which can be used to purchase or gift virtual items. In addition, the company obtained a US patent for decentralized data streaming in September 2020.  The platform features content from games such as Fortnite, League of Legends, and Counter Strike to name a  few.
 
 
 THETA.tv provides a more interactive viewing experience, as its 360 degree camera angles, gives viewers a third-party view of the gameplay as opposed to the players point of view. The company raised USD 20 million in an initial coin offering in February 2018, until which it had raised venture capital amounting to USD 36 million. 
 
</div>

<div>
 
 StreamElements is a live streaming platform which offers tools for content creators to enhance their streams. The platform offers stream management services which includes an activity feed, tipping system and chat integrated to the streamers visual which can be customized using overlays. The platform reported that its streamers received USD 15 million in tips and around USD 1 million in brand sponsorships during 2018.
 
 
 In September 2021, StreamElements raised USD 100 million in a funding round led by SoftBank Vision Fund 2 with participation from PayPal Ventures and MoreTech. As part of the investment, Nahoko Hoshino (Director, SoftBank) joined StreamElements’ board of directors. 
 
 
 The fresh funds are expected to be primarily funneled into product development, talent acquisition, and expansion into new platforms. Investments in product development include the addition of more video-on-demand content outside of its live-streaming product offering. Some funds will also be diverted into attracting new creators onto the platform, which has 1.1 million users as of September 2021, driving platform usage up 233% between March 2020 and January 2021. 
 
 
 Alongside the funding, several executive changes were also announced, with Gil Hirsch (co-founder, StreamElements) taking over as Chief Executive Officer from Doron Nir (co-founder, StreamElements) who is expected to serve as President. Yuval Tal and Udi Hoffman were named Chief Operating Officer and Chief Financial Officer, respectively.
 
 
 StreamElements acquired YouTube network and digital media company Paragon in October 2021. Paragon, a multi-channel Youtube network that includes channels SypherPK, xNestorio, and Kiingtong, offers a range of services to creators, such as content strategy, channel management, rights management, support, and optimization. Through the acquisition, StreamElements hopes to expand its video on demand offerings. Further, the company will discontinue commissions on creators’ standard ad revenue, which is currently part of Paragon’s offering. Creators, part of the Paragon network, will be able to use StreamElements’ tools for broadcasting, monetization, and audience engagement, as well as participate in scaled sponsorship programs. 
 
</div>

<div>
 
 Players’ Lounge, a Y Combinator graduate, is an esports tournament platform that connects players to compete for cash prizes. The platform provides equal opportunities to all players regardless of their skill levels and targets gamers on Xbox, PlayStation and PC and supports games such as Call of Duty, NBA, Madden, MLB, FIFA and Fortnite. The platform enables players to bet on their own performance placing wagers ranging between USD 2.5–500 on their skillful play out of which the platform takes a 10% cut. 
 
 
 Funding and financials
 
 
 In 
 <a href="https://sp-edge.com/updates/11937">
 July 2022
 </a>
 , the company raised USD 10.5 million in a Series A funding round led by Griffin Gaming Partners with participation from Comcast Ventures, Samsung Next, and Vice Ventures, among others. The funds were allocated to expand out of the sports gaming genre to launch a mobile app in Q3 2022. 
 
</div>

Gankster allows players to form teams, compete, track match data across titles such as League of Legends, VALORANT, Rocket League, and Dota 2. The platform includes a reputation system that aims to address toxicity and inclusivity in gaming. The platform had more than 20,000 registered teams as of December 2022 and plans to monetize from Q1 2023.Gankster raised USD 4.3 million in a seed funding round co-led by Bessemer Venture Partners and Hetz Ventures. The funds will be used for hiring, expanding into additional games, funding competitions, supporting grassroots, and online gaming communities.

Membership-based, non-insurance healthcare companies helping maintain a steady state of well being.

Preventive Healthcare

Glooko is an app-based remote patient monitoring and diabetes management platform that collects patient data from a range of third-party glucose monitoring devices. The company’s technology integrates with over 200 diabetes and biometric devices worldwide, offering the largest compatibility among connected care platforms.Glooko’s FDA-approved Mobile Insulin Dose Adjustment System (MIDS) allows healthcare providers to create customized care plans and provides patients with daily instructions on recommended insulin dosage levels based on the readings from the glucose monitoring devices. The platform also allows diabetic patients to track activity data and meals, access educational material, and follow care plans that are monitored through the app.In <a href="https://sp-edge.com/updates/9200?industryIds=22">March 2022</a>, Glooko acquired Paris-based DIABNEXT, a diabetes care platform, and rebranded it as Glooko XT for the French market. Furthermore, in <a href="https://sp-edge.com/updates/8154">January 2022</a>, Glooko acquired Berlin-based xbird, a medical AI company developing solutions for predicting health risks and supporting diabetes management through personalized interventions.Key customers and partnershipsAs of October 2024, Glooko had partnered with more than 8,000 clinics and served 4.4 million users with diabetes across 30 countries.&nbsp;The company has established several key partners, including 1) <a href="https://www.hedia.com/hedia-and-glooko-reveal-new-global-partnership/">Hedia</a> to integrate Hedia's insulin dosing algorithm into Glooko's platforms (June 2023), 2) <a href="https://sp-edge.com/updates/25233">Better Therapeutics</a> to integrate Better Therapeutics' AspyreRx into Glooko's platform (January 2024), and 3) Sanofi to integrate Sanofi's SoloSmart device into the Glooko platform (February 2023).

Healthy.io is a provider of clinical-grade urinalysis diagnostic testing, offering the convenience of home-based testing. Its flagship product, Dip.io, is the world's first clinically approved home urinalysis kit, allowing individuals to perform urine testing using a smartphone scan for critical medical information.The ACR urinalysis test is another offering from Healthy.io, known for its 99% usability success rate. This test enables self-testing for kidney disease at home, particularly beneficial for individuals with diabetes or high blood pressure. ACR has been widely adopted for large-scale population screening in Europe. Moreover, Healthy.io has obtained FDA approval for Dip.io and Minuteful Kidney test.Services offered by Healthy.io include the following:• Minuteful Kidney: A home urinalysis test for assessing kidney function conveniently through a smartphone scan• Minuteful for Wound: Using advanced 3D wound care technology, this service enables healthcare professionals to track and analyze chronic wounds• Minuteful UTI: Offering a home test and treat option for urinary tract infections, allowing users to test for UTIs at home and receive treatment recommendations• Minuteful 10: Focused on women's health, this service provides 10 essential health tests for women, promoting proactive monitoring and management from homeKey customers and partnershipsAs of January 2024, the company has conducted over 1 million scans and serves health plans, patients, and healthcare providers.Funding and financials<a href="https://sp-edge.com/updates/18243">In May 2023</a>, the company raised USD 50 million, which includes an unannounced USD 45 million investment in February 2022. The round was led by Schusterman Family Investments. The proceeds were allocated towards expanding the company’s operations in the US, in relation to which Healthy.io laid off one-third of its workforce (roughly 70 employees who were predominantly based in Israel and the UK).

Calibrate is a virtual weight loss management platform focused on chronic conditions such as obesity. It is built on the concept of metabolic reset, offering a one-year virtual program for weight loss via a mobile application. The app allows users to consult with obesity specialists, receive metabolism medication, access educational tools and health coaching to treat conditions such as pre-diabetes. In addition, users can track food intake, energy levels, and weight daily using the Calibrate app.The platform charges an annual subscription charge of USD 199 per month for its 52-week program, which includes a metabolic health assessment and a free kit with a smart scale and blood pressure cuff. Members can also purchase a one-time assessment with a Calibrate physician for USD 249.Calibrate claims to be the first D2C telemedicine startup to prescribe Wegovy, a FDA-approved (June 2021) injection for chronic weight management, and to deliver a holistic metabolic reset program with lifestyle interventions. As a result, Calibrate members have reported an annual weight loss of 15%, exceeding the goal of 10%.Key customers and partnershipsThe company’s services were available in 28 US states (as of May 2024) and had experienced a 51% month-over-month membership growth since June 2020.In February 2024, the company partnered with OptumRx to provide weight loss programs to employers. Furthermore, in February 2022, Calibrate partnered with Withings Health Solutions to integrate connected devices with Calibrate’s program.Funding and financialsIn February 2024, it raised an undisclosed funding from Madryn Asset Management to fund its growth initiatives.

Signos has developed a wearable continuous glucose monitor (CGM) and AI-powered mobile app designed to track real-time blood glucose levels and support weight loss. The app offers data-driven personalized recommendations on exercises, food intake, and nutrition, as well as answers to questions of each member.The company offers its services via a monthly subscription with plans for one month, three months, and six months. The plan includes access to the app, three CGMs per month, and a digital telehealth assessment. Furthermore, its minimally invasive CGM is a patch-like wearable device that reads glucose levels from interstitial fluids continuously.In May 2023, the company expanded its platform to support patients with type 2 diabetes.Fundings and financialsIn October 2023, Signos raised USD 20 million in a <a href="https://sp-edge.com/updates/23031">Series B</a> funding round led by Cheyenne Ventures and Google Ventures. The funding was used to expand the company’s team and platform and conduct additional research on metabolic health.

Using AI to mimic and understand human language

Natural Language Processing Tools

Unbabel, founded in 2013, is a language operations platform that combines artificial intelligence with human expertise to provide fast, efficient, and high-quality translation services. The company's proprietary technology, the Unbabel Language Engine, blends advanced machine learning algorithms with a network of human editors to translate content across various formats, including websites, newsletters, apps, and marketing materials. Unbabel's solution allows businesses to communicate with customers in multiple languages, enabling global expansion and multilingual customer support at scale. The platform seamlessly integrates with existing workflows and popular applications, minimizing disruption to clients' operations. Unbabel's approach addresses the growing demand for efficient and reliable translation services in an increasingly globalized business environment, particularly for content types previously considered challenging to translate, such as emails and chat conversations. In October 2023, Unbabel reported having clients in 190 countries across 22 industries.

Dashbot is a conversational AI and data platform that helps businesses build, analyze, and optimize chatbots and interactive voice response systems. Founded in 2016, the company provides tools to turn unstructured conversational data into actionable insights. Dashbot's key offering is its proprietary Conversational Data Cloud, which centralizes and processes data from various communication channels including chatbot transcripts, support tickets, emails, and voice calls. The platform uses machine learning algorithms to decipher thousands of daily conversations, group similar messages and topics, and identify areas for improvement in chatbot performance.
Dashbot's solution addresses common challenges in chatbot development, such as high failure rates and the need for continuous optimization. The platform's features include a Transcript Transformer for searching and categorizing transcripts, DashbotML for topic modeling and phrase clustering, and Automated Training Data export to optimize natural language processing models. By leveraging these tools, businesses can reduce chatbot failure rates by up to 35% and escalation rates by up to 57%.
Key customers and partnerships
Dashbot works with leading enterprises across various industries. Some of its notable customers include Intuit, Expedia, Geico, Google, and Travelers. The company has also integrated its analytics capabilities with Amazon Lex, enhancing the tools available to developers working with Lex-powered conversational interfaces. This partnership aims to improve the analytical capabilities for those building chatbots on Amazon's platform.

Verbit is a leading provider of AI-powered transcription and captioning solutions. The company utilizes a combination of artificial intelligence and human transcribers to deliver highly accurate speech-to-text services. Verbit's proprietary automatic speech recognition technology, Captivate, is trained on domain-specific content and continuously updated to meet the personalized needs of each customer. The company also offers Gen.V, a generative AI technology that provides insights on transcripts, including summaries, quizzes, and suggested headlines. Verbit serves over 2,500 customers across various industries including media, education, legal, corporate, and government sectors. As of November 2021, Verbit reported annual recurring revenue of over USD 100 million and 6x year-over-year revenue growth. The company has made several strategic acquisitions to expand its capabilities, including VITAC in May 2021, US Captioning in May 2022, and Take one in July 2022. These acquisitions have strengthened Verbit's position in the media and entertainment sector and expanded its global presence.
Key customers and partnerships
Verbit's client base includes major media organizations, educational institutions, and corporations. Some of its notable customers are CNN, Fox, Disney, Coursera, Stanford, Harvard University, Amazon, Microsoft, AT&T, ITV America, NPR, and Warner Bros. Discovery. The company has also established partnerships with streaming platforms to provide multi-language audio descriptions. In the education sector, Verbit serves numerous universities including Virginia Western, the University of Pittsburgh, the University of California, Utah State University, and Johns Hopkins University. Verbit's acquisition of Take one in July 2022 further expanded its customer base in the OTT market in both the US and UK, with nearly half of Take 1's customers providing content to streaming platforms in all languages.

AI21 Labs, founded in 2017 by Amnon Shashua, Yoav Shoham, and Ori Goshen in Tel Aviv, Israel, is a leader in generative AI and large language models (LLMs). The company specializes in developing AI systems capable of understanding and generating human-like text. AI21 Labs' flagship product is AI21 Studio, a developer platform that enables businesses to create custom text-based applications using the company's proprietary language models, including the advanced Jurassic-2 model. The Jurassic-2 family of models is offered in three sizes: Large, Grande, and Jumbo, each with a separate instruction-tuned version. These models support multiple languages including English, Spanish, French, German, Portuguese, Italian, and Dutch.
AI21 Labs also offers Wordtune, an AI-based writing assistant that understands context and meaning, allowing users to refine and generate text or summarize content quickly. In August 2023, the company introduced an upgraded version of Wordtune, transforming it into an all-in-one platform with multiple features for generative AI reading, writing, and knowledge control assistance. This enhanced version includes tools for longform editing, work-related templates, proactive AI suggestions, live outlines, and AI question answering.
The company's approach goes beyond standalone models, focusing on building AI systems that are easy to integrate and generate reliable, trustworthy, and accurate results with more refined control. AI21 Labs has also developed five task-specific APIs for common tasks such as paraphrasing, summarizing, text recommendations, grammatical error correction, and text segmentation. These specialized models are designed to be smaller, more accurate, and less prone to hallucinations compared to larger, general-purpose models.

Foundation Models

<div>
 
 MosaicML's solution is primarily centered around offering a comprehensive platform for foundation models in the field of GenAI. Its focus is on providing open-source, commercially usable large language models (LLMs) that are optimized for training and inference. These foundation models, collectively known as the MPT (MosaicML Pretrained) Foundation Series (launched in June/July 2023) include:
 
 
 
 
 1) MPT-7B (seven billion parameters and 2,000-token context), designed to handle large, complex datasets using deep learning and neural networks. MPT-7B was reportedly trained on a one trillion token dataset, surpassing the training data size of other open-source models like LLaMA, Pythia, OpenLLaMA, and StableLM. It can be used in multiple industries, such as finance, healthcare, and manufacturing, for tasks like financial forecasting and predictive maintenance. In particular, MPT-7B excels at processing both structured and unstructured data.&nbsp;
 
 
 
 
 2) MPT-7B-8K offers seven billion parameters and an 8,000-token context. Trained on NVIDIA H100s with 500 billion tokens, it excels in document summarization and question answering.
 
 
 
 
 3) MPT-30B (30 billion parameters), claims to outperform GPT-3, and is particularly strong in coding tasks. Variants such as MPT-30B-Instruct and MPT-30B-Chat are designed for instruction following and multi-turn conversations.
 
 
 
 
 MosaicML's platform enables users to train and deploy custom LLMs based on these foundation models, offering flexibility and control over their AI applications. Additionally, MosaicML provides tools like Inference for APIs, fine tuning for further customization, and pre-training to create domain-specific LLMs from scratch.&nbsp;
 
 
 
 
 In July 2023, Databricks, a unified, open analytics platform, announced that it had acquired MosaicML, aiming to reduce the cost of hosting models and democratize AI by combining data infrastructure with MosaicML's model training platform.
 
 
 
 
 Key customers and partnerships
 
 
 As of September 2023, its customers include Personal AI, Replit, Dream3D, Twelve Labs, and Natural Synthetics. It has also partnered with cloud providers such as Amazon, Microsoft Azure, Google Cloud, and Oracle.&nbsp;
 
 
 
 
 Funding and financials&nbsp;
 
 
 The company emerged from stealth mode in October 2021 and raised USD 37 million in funding from Lux Capital, DCVC, Future Ventures, and Playground Global to support MosaicML's efforts to develop a cloud-based neural network training system to address challenges in AI model training. In addition, the funds are expected to support the company's ongoing research and development efforts.
 
 
 
</div>

<div>
 
 AI21 is an Israel-based AI research lab developing large language models (LLMs). The firm also builds GenAI applications based on its LLMs, marketing them to businesses and consumers.&nbsp;
 
 
 AI21 launched its first AI model, &ldquo;Jurassic-1,&rdquo; in August 2021, offering two versions. The larger variant, Jurassic-1 Jumbo, contained 178 billion parameters&mdash;three billion more than OpenAI&rsquo;s 175-billion parameter GPT-3 model. Similar to GPT-3, Jurassic is able to write emails and articles, summarize text, compose poetry and recipes, create website layouts, and generate code.&nbsp;
 
 
 The firm concurrently launched AI21 Studio, a platform allowing users to train custom versions of Jurassic-1 and embed them into products via an API.&nbsp;
 
 
 In May 2022, AI21 confirmed it was working on a new AI system, called the &ldquo;modular reasoning knowledge and language&rdquo; or &ldquo;MRKL&rdquo; framework (pronounced &ldquo;miracle&rdquo;). MRKL augments LLMs, connecting to external sources and symbolic reasoning models to enable the generation of accurate historical information, news on current events, and dynamic information, such as weather, exchange rates, and Wikipedia information. This allows models to accurately answer math queries by calling a calculator and navigate more complex questions by breaking down queries into parts. An initial implementation of MRKL, Jurassic-X, is available on AI21 Studio, which allows users to connect LLMs to their own databases and navigate their data using natural language.
 
 
 In March 2023, the firm launched &ldquo;Jurassic-2,&rdquo; a successor to its initial language model. The new LLM differs from Jurassic-1 and most popular LLMs, in that it incorporates semantic reasoning into its text generation processes alongside statistical inference, enabling the model to more reliably and accurately respond to queries.
 
 
 AI21 says this was achieved by training Jurassic-2 in two phases: A traditional self-supervised phase using an extensive corpus of unstructured and unlabeled data and a second phase, involving a large volume of labeled data to teach the model to follow instructions. Jurassic-2 did not initially implement the MRKL framework, although AI21 confirmed it as an upcoming feature.
 
 
 The company claims that its foundation models are 30% more efficient than those of other providers and it also does not charge additional fees for the use of fine-tuned models.
 
 
 
 
 In March 2024,
 <a href="https://sp-edge.com/updates/27995">
 AI21 launched Jamba,
 </a>
 a model that integrates the Mamba Structured State Space model (SSM) technology and transformer components. The company further introduced 
 <a href="https://sp-edge.com/updates/32879">
 Jamba 1.5 Mini and Jamba 1.5 Large
 </a>
 to offer high performance and efficiency for long-context language processing in August 2024. The models have a hybrid architecture combining Transformer and Mamba approaches, allowing for quality responses with large context windows.
 
 
 Key customers and partnerships
 
 
 As of June 2023, AI21&rsquo;s customers include Latitude, Easyway, Verb, Tweet Hunter, and Harambee.
 
</div>

Twelve Labs offers video understanding through multimodal AI models that comprehend the visual, audio, and textual components of videos. The company's flagship offering is a cloud-native suite of APIs that allows users to upload videos, which are then transformed into vector representations capturing the context and relationships within the video content. Its proprietary Pegasus-1 model is trained on 300 million videos and 1 billion images with text descriptions and can map visual, audio, and speech components within videos to human language. Key customers and partnerships Twelve Labs’ notable customers include The National Football League (NFL) and Sketchy Medical. In March 2024, Twelve Labs partnered with Blackbird, a cloud-native video editing platform, to introduce AI-powered video analysis and auto-sequencing tools directly within Blackbird's editor. This integration enabled video editors to query footage using natural language and construct rough cuts. Funding and financials In June 2024, Twelve Labs <a href="https://sp-edge.com/updates/30137">raised USD 50 million </a>in Series A funding co-led by New Enterprise Associates (NEA) and NVentures, NVIDIA's venture capital arm for research and development, and expand the headcount by adding more than 50 employees by the end of the year.

<div>
 
 Liquid AI is an AI research and development firm that focuses on exploring the potential applications of Artificial General Intelligence (AGI) to enhance human experiences, particularly in bolstering creative processes across diverse domains.&nbsp;
 
 
 Liquid AI utilizes liquid neural networks, an AI model that facilitates the construction of versatile AI systems. In contrast to conventional GenAI models, liquid neural networks possess smaller sizes, demand less computational power, and display dynamic adaptability to changes. The company has conducted trials demonstrating the efficacy of this technology in autonomous navigation and predictive capabilities across diverse datasets, and Liquid AI is now focusing on commercializing this technology.
 
 
 Recently emerging from a period of stealth mode, Liquid AI has articulated its ambition to construct AI systems empowered by Liquid foundation models. Established by experts in AI and machine learning from MIT's CSAIL, the company aims to surpass existing generative pre-trained Transformers (GPTs). These models prioritize causality, interpretability, and efficiency while demonstrating a commitment to environmental responsibility by diminishing the carbon footprints of foundational models.
 
 
 
 
 Funding and financials
 
 
 In December 2023, Liquid AI 
 <a href="https://sp-edge.com/updates/24729">
 raised USD 37.6 million
 </a>
 in a two-stage seed funding round. This funding round involved multiple investors, including OSS Capital, PagsGroup, Automattic (WordPress' parent company), Samsung Next, Bold Capital Partners, ISAI Cap Venture, and several angel investors. The funds were earmarked to develop &quot;liquid foundation models&quot; and have a 20-strong workforce by early 2024.
 
 
 
 
 
</div>

Building future-ready applications in the cloud

Cloud-native Tech

Tetrate is a technology company that specializes in providing enterprise-grade service mesh solutions.Tetrate offers its Tetrate Service Bridge platform and consulting services to simplify the adoption and management of service mesh technologies. It focuses on security, observability, and interoperability while actively contributing to the open-source community.The unique selling proposition of Tetrate Service Bridge lies in its ability to simplify and streamline the adoption, management, and operation of service mesh technology across diverse environments while offering advanced traffic management, observability, and security features.Additionally, the company offers Tetrate Istio Subscription (TIS), a curated instance of the open-source Istio service mesh. The subscription includes support and patches for six months beyond Istio's eight-month support period. Tetrate utilizes a direct sales model for its cloud-native networking and service mesh solutions.Key customers and partnershipsTetrate's technology partners include major cloud service providers, Amazon Web Services (AWS), Google Cloud Platform (GCP), Microsoft Azure, and Red Hat. Tetrate also has several integration partnerships with Mirantis, Cequence, Keyfactor, and Jetstack.Its key customers include Visa, Morgan Stanley, Freddie Mac, Box, US Air Force, Gap, Sony, Square, and GitHub.In <a href="https://sp-edge.com/updates">April 2024</a>, Tetrate partnered with the United States Air Force (USAF) Platform One team to launch AuthService, an open-source project, to simplify the deployment and management of the existing authorization service for the Istio service mesh.

Nirmata is a provider of software solutions that manages, deploys, and optimizes cloud-native applications. The company offers a variety of services through managed Kubernetes and container technology solutions, such as Kyverno OSS, which assists DevSecOps and platform engineering teams in writing and operating Kubernetes policies. Nirmata Enterprise for Kyverno is an enterprise-grade distributor and one-stop solution for Kubernetes policy enforcement and management. Nirmata’s follows a direct sales model, mainly targeting enterprises. Key customers and partnerships Nirmata’s solutions are used by companies such as Novartis, Accenture, Coinbase, IQVIA, Duke Energy, Blinkit, TriNet, Zain, and Belden. Nirmata’s cloud partners include Amazon Web Services (AWS), Google Cloud Platform (GCP), Microsoft Azure, and Oracle Cloud. It also partners with tech companies such as Cisco, CoreStack, Aqua Security, Akuity, Kasten, HashiCorp, Red Hat, NetApp, Upbound, and Venafi. Funding and financials In 2021, Nirmata raised USD 4 million from a seed round led by Z5 Capital.

CAST AI is an all-in-one platform for Kubernetes automation, cloud cost optimization, security, and cost management. CAST AI leverages automation for quick autoscaling, instance selection, bin packing, rightsizing, and more to provide savings on cloud spend and compute resources optimization. Further, it provides continuous visibility into Kubernetes clusters for real-time, in-depth analyses and management, allowing users to compare cluster costs for better resource planning and to derive cost savings. CAST AI targets teams that want to save on cloud costs without increasing their workload. It is also for teams that want to automate tasks related to cost optimization, such as instance selection, rightsizing, and autoscaling. Key customers and partnerships Cast AI serves the entertainment, energy, SaaS, pharmaceutical, cybersecurity, social media, ecommerce and FinTech industries, among many others. Some of its clients include Project44, Ampeers Energy, Phlexglobal, Delio, and La Fourche. Funding and financials In <a href="https://sp-edge.com/updates/23575">November 2023 </a>, CAST AI announced a USD 35 million Series B funding round led by Vintage Investment Partners. Other investors who participated in the round included Creandum and Uncorrelated Ventures. The raised funds are earmarked for product development and expanding the startup’s team, which is a little over 100 employees.

Zesty is an Israeli cloud cost optimization platform.Zesty’s product portfolio contains Commitment Manager, an automated reserved instance management that supports AWS and allows customers to save on-demand costs with minimum commitment and effort, and Zesty Disk, a Block Storage auto-scaler that expands and shrinks storage in runtime to lower costs and improve performance.Zesty offers its products and services on a pay-as-you-go basis and a subscription basis.Key customers and partnershipsHeap, Yotpo, Kaltura, MiQ, Nylas, Walkme, Armis, Voyager Labs, Zerto, XM Cyber, and Package.AI are among Zesty’s customers.Its partners include Varisource, AllCloud, Sastrify, GlobalDots, Superluminar, Ibexlabs, Cresting Wave, Renova Cloud Company, WefactorIT, and Midlink.

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

<div>
 
 DynamoFL is an enterprise AI platform that provides state-of-the-art and regulatory-compliant AI for a fraction of the cost. It simplifies model training across privacy-critical datasets using Federated Learning and Differential Privacy.
 
</div>

Bria is a technology company specializing in providing tools to develop visual GenAI. Based in Tel Aviv, Bria provides an open platform to develop AI models that can convert text prompts to images or transform existing images, with an emphasis on model transparency, fair attribution, and copyright protections. Bria's models are built using licensed content from stock photography agencies to ensure commercial viability and proper compensation for artists.Bria offers flexible options for enterprises adopting visual GenAI, including access to pre-trained models through APIs or direct licensing of source code and model weights for further fine-tuning.In September 2023, Bria launched the BRIA 2.3 text-to-image foundation model, which the company described as ensuring "100% safe and ethically responsible AI for commercial use." Built on a latent diffusion architecture similar to Stable Diffusion XL, the model incorporates dual text encoders, a VAE, and a UNet backbone. Bria stated this architecture allows for easy retraining and fine-tuning with proprietary data. Key customers and partnershipsBria’s customers including leading firm in advertising, marketing and media including Publicis, McCann, Fox, and WPP.Bria has partnered with several stock photography agencies to develop its AI models, including Getty Images, Alamy, and Envato. These partnerships allow Bria to train its models exclusively on licensed content. The company also collaborates with boutique and smaller stock photo agencies through its Fair Diffusion program.Bria is part of the AWS Partner network and uses Amazon SageMaker to develop and train its models. The company's models are also available on NVIDIA Picasso for developers.&nbsp;

Deep Lake is a Database for AI powered by a unique storage format optimized for deep-learning and Large Language Model (LLM) based applications (http://github.com/activeloopai/deeplake; 6.5K+ stars). It simplifies the deployment of enterprise-grade LLM-based products by offering storage for all data types (embeddings, audio, text, videos, images, pdfs, annotations, etc.), querying and vector search, data streaming while training models at scale, data versioning and lineage for all workloads, and integrations with popular tools such as LangChain, LlamaIndex, Weights &amp; Biases, and many more. Deep Lake works with data of any size, it is serverless, and it enables you to store all of your data in once place. Deep Lake is used by Intel, Airbus, Matterport, ZERO Systems, Red Cross, Yale, &amp; Oxford. Try out Deep Lake today via app.activeloop.ai. Activeloop's founding team is from Princeton, Stanford, Google, and Tesla, and is backed by Y Combinator.

Vectara is a trusted generative AI platform that enables organizations to rapidly build conversational AI applications and semantic search capabilities using retrieval augmented generation (RAG). The company's core offering is RAG-as-a-Service, a serverless platform that combines advanced neural retrieval and large language models to deliver accurate and contextual information to users through natural language interactions.Vectara's RAG-as-a-Service platform addresses critical challenges in enterprise adoption of generative AI, such as reducing hallucinations, providing explainability and provenance, enforcing access control, enabling real-time updatability of knowledge, and mitigating intellectual property and bias concerns associated with large language models. The platform uses a hybrid search approach, combining keyword search with semantic retrieval and reranking to deliver highly relevant results. In July 2024, introduced its new Mockingbird LLM designed specifically for RAG applications, engineered to reduce hallucinations and improve structured output. Further, in June 2024, Vectara announced the release of its Multilingual Reranker v1, a state-of-the-art reranker model that supports over 100 languages, enabling impressive zero-shot performance on unseen data and domains across multilingual and cross-lingual settings. This model significantly enhances retrieval performance, outperforming industry leaders and open-source models in benchmarks while offering blazing-fast inference at minimal cost.Vectara's platform offers various features, including indexing APIs for data ingestion, metadata search filtering, summarizer models, factual consistency scoring for detecting hallucinations, and tools for building UI chat widget frameworks. The company prioritizes user privacy, ensuring that customer data is never used for training models and providing full control over answer history recording.Key customers and partnershipsIn April 2024, Vectara partnered with Datavolo to streamline data gathering and ingestion processes, enabling customers to rapidly develop data pipelines for AI applications using Vectara's platform.&nbsp;

Generating, collecting, and analyzing enterprise data will never be the same.

Edge Computing

Edgeworx offers the Eclipse ioFog Engine, an application platform that turns hardware into an intelligent edge node. The company allows users to extend their cloud to the edge and run and monitor microservices from any infrastructure. It caters to both developers and operations users to uniformly manage hardware and software.In November 2023, Edgeworx, <a href="https://sp-edge.com/companies/728459">launched Edgeworx Cloud</a>, an enterprise-grade edge computing platform, on the Google Cloud Marketplace. The platform enables enterprises to deploy and manage containerized edge applications from any network without needing to operate their own Kubernetes clusters. It provides secure data management across edge devices, micro-services, hosts, and clients, as well as a hardware-agnostic agent for synchronizing deployments of heterogeneous fleets.Key customers and partnershipsEdgeworx's technology benefits from a range of partners including Docker, Kubernetes, Microsoft, and Red Hat, among others.

Zededa was founded in 2016 and came out of stealth in 2018 to offer an open edge ecosystem to provide visibility, control, and security when deploying apps remotely on the edge, regardless of the hardware used. The company commercially launched its remote management software in January 2021. The platform allows developers to avoid vendor lock-in and additionally offers support for industries facing more complex edge applications. Moreover, Zededa allows enterprises to mix old and new technology seamlessly, making it for industries like surveillance. The red company has an office in Pune, India, in addition to its headquarters in San Jose, California.In July 2023, the company released a suite of edge application tools including “Edge Access,” which provides access controls and audit tracing for edge deployments. Users can remotely access edge devices from any location at any time without requiring backend configuration or specialized skills.<a href="https://sp-edge.com/updates/24108">In November 2023,</a> the company announced a new service named ZEDEDA Edge Kubernetes Service, offering a fully managed Kubernetes service for distributed edge.Key customers and partnershipsThe company has a substantial customer base, with numerous Fortune 500 enterprises spanning various industries like manufacturing, renewable energy, telecommunications, and healthcare. Prominent clients include Rockwell Automation, Emerson, Agora, and VMware.Zededa collaborates with leading technology firms through its global ZEDEDA marketplace, granting partners direct entry to edge operations teams. This marketplace facilitates swift scalability for customers across thousands of edge devices with one-click deployments, eliminating the need for extensive professional services. Notable partners encompass Microsoft, Suse, Juniper Networks, AWS, Rafay Systems, Aviatrix, Fortinet, and more.Through Zededa's technology partnerships, customers can procure hardware devices and have them shipped directly to their intended destinations. This adaptable approach reduces solution expenses and empowers technology providers to offer optimal value to their clientele. Noteworthy partners in this initiative comprise Dell, Supermicro, HP Enterprise, Equinix, and others.During 2023, Zededa collaborated with Applied Digital in August, a company specializing in advanced digital infrastructure for High-Performance Computing, to use ZEDEDA's management and orchestration software. In May, it also partnered with Avassa, a container management platform tailored for edge environments, to facilitate comprehensive orchestration across the entire stack, ensuring security and visibility from hardware to edge applications.Zededa is also a part of multiple industry consortiums to use edge computing to address emerging issues faced by the energy industry. These collaborations include the OSDU Forum as well as LF Energy and Project Alvarium, which are part of the Linux Foundation (a non-profit group to standardize and support the adoption of Linux). In December 2022, the company extended its partnership with Emerson to integrate its edge application management and orchestration solution into Emerson’s DeltaV automation system. This would in turn enable Emerson’s customers to extend this automation system into the distributed edge.Funding and financialsIn <a href="https://sp-edge.com/updates/26448">February 2024</a>,it raised USD 72 million in a Series C funding round led by Smith Point Capital, with participation from Hillman Company, LDV Partners, Endeavor Catalyst Fund, Juniper Networks, and others. The funds were directed toward expanding sales and marketing endeavors and speeding up R&amp;D.In January 2023, the company announced that it had grown its annual revenue growth by 300%, and nodes under management by 250% over the previous year.

Synadia Communications is a leader in developing innovative connectivity solutions for distributed systems.The company's flagship product, NATS.io, is an open-source messaging system designed to support modern, distributed computing environments globally. This technology allows applications and data to seamlessly connect, regardless of the programming language or the operational environment, including cloud, on-premises, web, mobile, and Internet of Things (IoT) platforms. Synadia's differentiation lies in its robust and scalable solution that simplifies communication across various platforms, evidenced by its adoption in over 200 million downloads and its support by over 1,000 contributors​.Key customers and partnershipsSynadia’s NATS.io technology has garnered adoption across various industries, especially those that require reliable and scalable message-oriented middleware. Its customer base includes IBM, SUSE, Rivian, Lattice, and Aurora.Funding and financialsIn <a href="https://sp-edge.com/updates/26904">February 2024</a>, Synadia Communications raised USD 25 million in a Series B funding round. The round saw contributions from several investors including Forgepoint Capital, True Ventures, Bold Capital Partners, and strategic investments from major industry players like Samsung NEXT and Accenture Ventures​ (Synadia)​​ (Newsroom | Accenture)​. This funding not only supports the continued development of Synadia's core technologies but also assists in scaling its operations to meet the growing demand for reliable distributed systems and edge computing solutions.

A concentration of wealth and a willingness to adopt age-in-place technologies present new opportunities.

Age Tech

Israel-based Intuition Robotics provides digital companionship to elderly people through its in-home digital robot, ElliQ. ElliQ is a voice assistant which utilizes the company’s cognitive artificial intelligence (AI) platform “Q” to function. The company also provides this patented technology to third-party devices. ElliQ engages with the elderly through health reminders, conversations, cognitive games, and other features. The device provides personalized suggestions, adapting to user preferences over time. ElliQ is built to be more proactive than standard voice assistants.In January 2024 Intuition Robotics launched ElliQ 3, a new version of its established companion robot. Announced at CES Las Vegas, ElliQ 3 is designed to assist in eldercare facilities by fostering social wellness, reducing feelings of loneliness, and reinforcing a sense of recognition. The latest model, ElliQ 3, features a range of enhancements, including improved design, more robust hardware, and GenAI integration. The design is now more compact, featuring an upgraded onboard MediaTek octa-core processor and an expanded memory. A key component of its updated package is the integration of LLMs (large language models), which elevate the robot's conversational competence in both structured and open-ended conversations.Key customers and partnershipsThe company commercially launched its companion robot ElliQ in August 2023 following and partnered with government agencies nationwide. The company started programs to provide ElliQ at no cost to end users through partnerships with bodies helping seniors in New York, Florida, Washington, and California. Intuition Robotics also signed its first agreement with a Medicare-focused Managed Care Organization.

US and Israel-based Assured Allies offers a patent-pending proprietary algorithm that predicts the aging journey of the policyholder and supports the aging process by enabling seniors to lead a more active and independent life at home.&nbsp;The company partners with insurance companies to offer its Age Assured program free of charge on existing policies.&nbsp;Assured Allies also provides senior care professionals (Ally Support) to design a plan for aging that includes product and service recommendations such as care coordination, caregiver support, and support services at home to address the needs of the policyholder. Key customers and partnershipsIn May 2021, Assured Allies partnered with LTCG, a third-party administrator for long-term care insurance companies. Other partners include Bankers Life (an insurance provider), Senior Helpers and AssuriCare (home care providers), and Genex (a managed care provider).&nbsp;

Bold is a digital health and wellness provider for seniors. The health tech startup is aimed at preventing chronic health conditions in seniors by offering customized exercise programs.The web-based platform will collect the user’s data, including their goals and the existing baseline, which will then be used to create a customized program. The program will include a brief and a seated Tai Chi session once a week, while cardio and strength classes will be offered numerous times a week. As of March 2021, the programs are provided through freemium and paid plans.

Giving creators the power of content monetization and audience engagement.

Creator Economy

SuperRare is an NFT platform for trading and collecting digital artwork. After obtaining a tokenized certificate of authenticity via blockchain, sellers can display their artwork in their profiles and set prices and starting bids. Buyers can purchase the artwork by paying the advertised price or by making a bid. Collectors can also re-sell purchased work in a secondary market to other collectors. Buyers are charged a 3% marketplace fee and a 15% gallery fee for primary sales, with Ethereum serving as the main mode of payment on the platform. The creator earns a 10% commission on secondary sales for perpetuity. SuperRare has reported more than USD 90 million in NFT art sales since 2018 (as of August 2021).In March 2021, the company announced a partnership with the blockchain company Verisart to conduct a series of auctions with the participation of several artists. In the same month, SuperRare reported that creators earn more than USD 25 million in sales per month, and creators have earned over USD 30 million on SuperRare to date (as of March 2021) from primary sales and secondary market royalties. SuperRare partnered with Adobe (October 2021) to let users create an image as an NFT in Photoshop, which will display content credentials (attribution for the NFT creator and who minted it).SuperRare launched its own governance token, “RARE” in August 2021, in efforts to decentralize the NFT marketplace following a wave of activity within the NFT space. 15% of the RARE token’s total supply was airdropped to previous users of the platform at launch. Over the next four years, a portion of the RARE token will be directed to investors. SuperRare’s newly formed DAO (decentralized autonomous organization) will vote on additional “Spaces” or NFT galleries. Commissions on NFT sales will be directed to the treasury, where they will be used for projects decided on by RARE token holders, with the aim of creating a decentralized and sustainable marketplace.The company’s most recent funding round was Series A funding worth 9 million in March 2021, led by Velvet Sea Ventures and 1confirmation. The funds are to be utilized to accelerate its platform’s growth and serve more creators and buyers by expanding its core features, further developing the platform functionalities, and extending supported artwork formats into virtual reality and programmable media.

<div>
 
 Liv offers tools for creators to record and livestream themselves in XR games and applications as their real selves or using an avatar (Vtubing). Liv also provides a drag-and-drop software development kit (SDK) that supports Unreal Engine and Unity SDKs. Since 2018, Liv creators have driven over 3.5 billion views (as of March 2022) to their content using the platform. As of March 2022, Liv has ~2,200 developers and ~13,000 monthly active creators on its platform, who generate over 30,000 hours of content per month.
 
 
 In its latest funding round (
 <a href="https://sp-edge.com/updates/9523">
 March 2022
 </a>
 ), Liv raised USD 8.5 million in funding led by Bitkraft Ventures. The fresh funds will be used to expand Liv’s headcount across the engineering, design, operations, marketing, and community management teams and to invest in a creator and developer fund. The company also plans to launch its proprietary software-based volumetric streaming technology and destination platform in 2022, which will enable creators to engage with fans in methods unique to spatial technology. 
 
</div>

Dank Bank is an NFT platform on Ethereum that enables creators to monetize their iconic memes, viral videos, and other culturally significant online content by minting and selling them as fractionalized NFTs. The company cross-checks creators against their real-world identities and their “copyright documentation” to ensure they have rights to the content before listing. As of March 2022, the Popular memes listed on the platform included the “Doge” meme, which is valued at ~USD 88.5 million, “Fiesty Doge” (~USD 11.6 million), and “10 Guy” meme (~USD 1.3 million).In <a href="https://sp-edge.com/updates/9567">April 2022 </a>, Dank Bank raised USD 4.2 million in pre-seed funding from a group of investors including Mechanism Capital, Samsung NEXT, Morningstar Ventures, Starry Night Capital, and Balaji Srinivasan (former CTO, Coinbase). The fresh funds will be used to acquire the IP of various culturally iconic viral memes for its platform, to encourage other creators to list their work on Dank Bank. The platform operates on Ethereum and has plans to add Polygon support as well.

Platforms to make the most of cloud infrastructure

Cloud Optimization Tools

Anodot is a cloud-based platform that provides AI-driven business monitoring and cloud cost management.Anodot’s autonomous monitoring solution identifies and provides recommendations on revenue-critical business metrics of a multi-cloud environment in real-time to better control cloud spend. The platform combines information from SaaS customers, features, engineering teams, and other areas into a single platform to provide holistic visibility for strategic and optimized business decisions.Anodot’s platform continuously learns service usage patterns to identify granular-level irregularities and notifies the engineering team for remediation. Further, it combines Kubernetes costs with non-containerized costs to provide an accurate view of cloud spend and to identify and eliminate idle costs at the node level.Anodot operates a direct sales modelKey customers and partnershipsAnodot’s customers span across multiple industries including gaming, AdTech, telecommunication, ecommerce, and FinTech. Its notable customers include T-Mobile, JP Morgan, UPS, NTT, Rivian, Payoneer, and Puma.Anodot collaborates with many technology partners to ensure compatibility and integration with platforms. Some of its key technology partners are AWS, Microsoft Azure, Google Cloud Platform, Datadog, Snowflake, and Databricks.In June 2024, Anodot <a href="https://sp-edge.com/updates/30567">partnered with Yārken</a> to integrate its AI-based cost management with Yārken's FinOps platform, offering a single interface to manage costs across on-premises, private cloud, and multi-cloud environments.

CAST AI is a cloud-based, all-in-one platform for the optimization, automation, security, and cost management of Kubernetes.CAST AI leverages automation for quick autoscaling, instance selection, bin packing, rightsizing, and more to provide savings on cloud spend and compute resources optimization. Further, it provides continuous visibility into Kubernetes clusters for real-time in-depth analysis and management, allowing users to compare cluster costs for better resource planning and to derive cost savings.The platform also provides cloud-agnostic Kubernetes security posture management capabilities, including vulnerability assessments, configuration checks, and prioritization. It provides users with insights to ensure cluster configurations align with industry best practices and security system benchmarks, along with a list of potential fixes for any highlighted issues.CAST AI operates a consumption-based sales model, with pricing based on the number of CPUs and clusters.Key customers and partnershipCAST AI clients span multiple industries, including energy, entertainment, pharmaceuticals, government, cybersecurity, FinTech, social media, and more. Some notable customers are ShareChat, Zest, Iterable, Switchboard, Surfshark, and Phlexglobal.

Zesty is an Israeli cloud-native technology company providing automated solutions for cloud cost optimization and resource allocation.Zesty has three solutions, Commitment Manager, Zesty Disk, and Insights, which offer varying approaches for managing and reducing cloud spend.&nbsp;- Commitment Manager is a cost optimization tool for AWS EC2 reserved instances (RI). Its non-intrusive automated process gathers usage performance metrics in real-time and adjusts RI’s according to application requirements delivering cost savings.- Zesty Disk provides an auto-scaling solution for managing block storage. It utilizes a shrink-and-expand technology to adjust storage capacity according to real-time application demand, enabling optimal resource utilization and eliminating excess capacity requirements.&nbsp;- Zesty Insights provides real-time visibility into cloud resource usage and trends to help organizations manage and reduce cloud costs. It offers dynamic, automated scaling and optimization features that continuously adjust cloud resources based on real-time needs.Zesty offers multiple pricing models, including success-based, consumption-based, and flat fees, depending on the product offering.Key customers and partnershipsZesty’s clientele consists primarily of digital technology and cloud-based service providers. Some notable customers are Crypto.com. Siemens, Motorola Solutions, and Armis.

Metaverse Platforms

Spatial enables brands and creators to build their metaverses and 3D spaces, accessible via web, mobile, or VR, without any coding requirements. The company pivoted its strategy to social gaming experiences in <a href="https://sp-edge.com/updates/23802">November 2023</a>, as it announced the launch of its first season of in-house-created web-based games on web, mobile, and VR platforms. The new games on Spatial's platform cater to a variety of genres, including action, racing, and adventure. Other use cases included events, art exhibitions, lectures, watch parties and fashion shows. Additionally, the company allows users to publish their own games on the platform, with a 50% revenue-share model for developers. In <a href="https://sp-edge.com/updates/27265">March 2024</a>, the company also announced the Wolves Den Game Jam contest, aimed at attracting game developers on the platform. Spatial specifically supports games developed on the Unity game engine and seeks to leverage advancements in WebGL, WebAssembly, and GPUs to deliver high-quality gaming experiences directly in the browser. As of January 2024, the company offered an early prototype of a GenAI chatbot for developers to understand more on building experiences with its Creator Toolkit Unity SDK.The company initially focused on enterprise collaboration although it pivoted to social spaces, NFTs, and galleries in December 2021, prior to its move to social gaming experiences.Spatial is free to use, and also offers a subscription-based package priced at USD 25 per month to host more curated and controlled experiences. Additionally, the company offers the sale of digital coins (used to purchase items and avatar upgrades in-game) with prices ranging from USD 5-50.Key customers and partnershipsIn <a href="https://sp-edge.com/updates/27723">March 2024</a>, Spatial developed the “LG Air Solution Village” metaverse platform for LG Electronics, aimed at heating, ventilation, and air conditioning (HVAC) professionals.In January 2023, the company partnered with McDonald’s to develop VR experiences for the company in celebration of the Lunar New Year.Other collaborations with notable enterprises to launch branded virtual worlds included those with BMW, Vogue, Walmart, Jack Daniels, Hugo Boss, Tommy Hilfiger and GameStop.Funding and financialsIn December 2021, Spatial raised USD 25 million in funding from investors including Pine Venture Partners, Maven Growth Partners, and Korea Investment Partners. The funds were raised to accelerate Spatial’s vision to become a 3D hub that connects NFT creators with their communities and collectors.

Yuga Labs is the Web3 firm behind the popular NFT projects, Bored Apes Yacht Club (BAYC) and CryptoPunks. The company launched its “Otherside” metaverse platform in July 2022, developed in collaboration with Improbable and Animoca Brands. The platform, which consists of a series of experiences, uses its native currency, ApeCoin, for its economy and ecosystem. The company’s Otherside Development Kit (ODK) are a suite of creator tools built in collaboration with Improbable to allow users to create avatars and items.Experiences launched as part of the Otherside metaverse include a free version of its endless-runner game, Dookey Dash (January 2024) and Second Trip, a two-hour social experience where players can interact with other BAYC NFT holders (March 2023). Notably, Second Trip hosted over 7,000 concurrent players, the largest crowd of players in a virtual world at the time.To streamline focus on its Otherside metaverse, Yuga Labs sold off two gaming experiences (HV-MTL and Legends of Mara) and their associated NFT collections to Web3 gaming studio Faraway in <a href="https://sp-edge.com/updates/28561">April 2024</a>. Additionally, the company announced a round of layoffs in <a href="https://sp-edge.com/updates/28905">April 2024</a>, as part of its restructuring efforts.The company generates revenue via sales of digital land plots, and grossed USD 317 million in digital land sales for the initial launch of its Otherside metaverse in May 2022. According to OpenSea, Otherdeed NFTs have done 524,130 ETH (~USD 806 million) in total sales as of March 2023.Acquisitions made to bolster development of its Otherside metaverse include that of NFT marketplace Proof (<a href="https://sp-edge.com/updates/26694">February 2024</a>) and music metaverse platform Roar Studios (<a href="https://sp-edge.com/updates/20557">July 2023</a>). Previously, in <a href="https://sp-edge.com/updates/22531">October 2023</a>, the company laid off ~20% of its workforce, primarily affecting its customer service and marketing departments to concentrate on the development of the BAYC metaverse.Key customers and partnerships&nbsp;In <a href="https://sp-edge.com/updates/35038">October 2024,</a> the company partnered with the Wire Network to launch a new creator platform called "ApeChain" to facilitate and enhance the interaction between creators and their audiences.

Hypersonic Laboratories is the creator of gaming and social metaverse platform HELIX (Hyper Expansive Lifelike Interoperable eXperience). In HELIX, players create a single character in Parallel City, an open-world virtual city inspired by NYC. Users can engage in different game modes to earn cryptocurrency and use it to purchase items, vehicles, weapons, and apartments to customize and expand their character's life. HELIX is centered around the concept of NFT-based digital items that players can purchase, sell, or trade in an open exchange called “HeX.” These items are organized into different categories, including wearables, vehicles, and properties. Users can also stake tokens to earn rewards within the HELIX ecosystem.The platform will have approximately 25,000 land NFTs available for minting and players can own these properties in Parallel City, which serves as their own personalized home base within the metaverse. Prices of digital land range from ~ETH 0.225-95 (~USD 1,830–175,000 as of April 2023). Users can customize their space, display NFT items, buy furniture and collectibles, and socialize with other players in it. HELIX also offers players the ability to create and host servers, similar to the popular RP mod FiveM for GTA V. This allows players to develop custom scripts and have different gameplay variations within Parallel City. Further, HELIX Creator is a separate software that enables players to create and list their own creations and items for sale.HELIX also features a user-friendly, built-in "Build Mode" that is similar to creative modes in Fortnite or Minecraft, in which players can customize their space without needing advanced knowledge of 3D software. HELIX is built on the Ethereum blockchain, utilizing the Polygon network for in-game transactions, with assets being modeled on the Unreal Engine 5. As of April 2023, the company launched its Developer Preview Build of HELIX to Founders Pass NFT holders.The company planned to launch the full version of its product as a free-to-play game in 2024.Funding and financialsThe company’s latest funding round was in <a href="https://sp-edge.com/updates/29880">May 2024</a>, where it raised USD 7 million in a round led by Play Ventures. Funds were earmarked to expand the Hypersonic Laboratories team and prepare for the closed alpha launch of its metaverse platform, Helix, later this year.

A new generation for mobile connectivity with 5G and beyond

Next-gen Mobile Networks

AST SpaceMobile is building the first and only global broadband cellular network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio. The company's team of engineers and space scientists are on a mission to eliminate the connectivity gaps faced by today's five billion mobile subscribers and finally bring broadband to the billions who remain unconnected. The company was founded on May 31, 2017 and is headquartered in Midland, TX.

Arrcus is a hyperscale networking software company founded in 2016 to enhance business efficiency through superior network connectivity. The company's flagship product is the Arrcus Connected Edge (ACE) platform, which offers core, edge, and multi-cloud routing and switching infrastructure. ACE provides best-in-class networking with a flexible consumption model and low total cost of ownership.
A key component of ACE is FlexMCN, a multi-cloud networking solution that creates a unified overlay fabric from edge to multi-cloud. In January 2024, Arrcus added Egress Cost Control (ECC) to FlexMCN, which can potentially reduce cloud connectivity costs by up to 40%. FlexMCN with ECC provides visibility into egress costs and dynamically routes traffic to destinations with the lowest costs across hybrid, colocation, and public cloud environments.
Arrcus' technology is designed to work with white-box hardware from multiple manufacturers, freeing customers from vendor lock-in. The company's solutions support leading enterprise, cloud, and communications providers with software-defined routing and switching. Arrcus claims to own more than 215 patents on its networking technology.
Key customers and partnerships
Arrcus serves enterprises in various industry verticals, including telecommunications, cloud providers, retail, finance, and software-as-a-service companies. The company has forged partnerships with industry-leading customers and partners such as SoftBank, Liberty Global, CoreSite, VMware, and Red Hat.
In February 2024, Arrcus announced a strategic collaboration with Red Hat to deliver innovative 5G, edge, and multi-cloud networking solutions for service providers. This partnership aims to enable service providers to monetize infrastructure with new revenue streams and drive operational efficiency while reducing costs and power consumption.
Arrcus has also partnered with Intel to deliver unified cloud connectivity for enterprises and communication service providers. This collaboration combines Arrcus' multi-cloud networking solution with Intel's expertise in high-performance computing to create seamless cloud computing environments for customers.

Monogoto is a cloud-based connectivity-as-a-service provider that offers global cellular connectivity solutions for the internet of Things (IoT) and private 4G/5G networks. Their platform enables seamless and cost-effective device connectivity across multiple verticals, including agriculture, manufacturing, healthcare, fleet management, micromobility, and retail.
Monogoto's IoT cellular cloud network, available in over 180 countries and connected to 550 public and private networks, empowers innovation and flexibility for services driving a more connected world. Their cloud-native architecture, coupled with powerful APIs, allows enterprises and developers to design, build, manage, control, and scale their IoT applications quickly and securely.
The company's self-service console provides comprehensive visibility and control over globally connected devices, enabling efficient debugging and problem resolution without relying on live customer support. Monogoto's platform offers enhanced functionality, manageability, and security capabilities, enabling enterprises and device manufacturers to develop and deploy new products, use cases, and business models rapidly.
Monogoto's infrastructure-as-a-service model and cloud-based mobile core provide full visibility and control over network events, traffic inspection, and advanced security controls, akin to an enterprise IT environment. Additionally, the company is well-positioned for the 5G revolution, enabling modern architectures such as Zero Trust and SASE (Secure Access Service Edge) for cellular IoT and connectivity.
In August 2023, Monogoto deployed BroadForward's Signaling Transfer Point (STP) and Diameter Routing Agent (DRA) solutions, achieving a full-blown cloud-based routing solution and solidifying its position as a comprehensive global connectivity provider. The company plans to add 5G capabilities, including network slicing and connectivity using BroadForward's SEPP (Secure Edge Protection Proxy), enabling routing and roaming capabilities for its Amazon Web Services (AWS)-based mobile network core.

The toolkit to build machine learning applications at scale

Machine Learning Infrastructure

Aporia offers an ML observability platform that assists developers to monitor and improve their models in production. The company is based in Israel and also has an office in California, US.Aporia’s platform enables users to monitor for data drift, model degradation, bias, and data integrity issues, with live alerts for early issue detection. Moreover, developers can use the platform to visualize their models in production and track key metrics and areas of improvement. It also includes an explainable AI feature to discover which features impact the model predictions the most and why and to understand model predictions.Moreover, the platform incorporates observability features tailored for GenAI products. This encompasses the capability to monitor hallucinations and moderate chats, in addition to comprehensive cost tracking.The company operates through a B2B model, offering two subscription plans. It provides a free plan for starters and a tailored pricing structure for ML teams, determined by the project and the number of models in production.In July 2024, a new benchmark report revealed that Aporia Guardrails outperformed NeMo, GPT-4o, and GPT-3.5 in AI hallucination detection and latency.Key customers and partnershipsIn <a href="https://sp-edge.com/updates/32328">July 2024</a>, Aporia partnered with Portkey, an AI gateway provider, to integrate Aporia's LLM Guardrails into Portkey's Gateway to enhance the security and reliability of GenAI applications for Portkey's users.In April 2023, Aporia partnered with AWS to provide ML observability features to AWS customers and with Databricks in May 2023 to offer ML Observability to customers using Databricks' Lakehouse Platform, AI capabilities, and MLflow offerings.Its notable customers include TechCrunch, Armis, MunichRE, BSH, Sixt, and Lemonade.Funding and financialsAporia’s latest funding round was in February 2022, when it raised USD 25 million from a Series A round led by Tiger Global, along with Samsung Next, TLV Partners, and Vertex Ventures. With the new capital, the company was to triple the team’s headcount over 2023 and expand its presence in the US and its range of use cases.

Datagen provides a self-service synthetic data platform that generates visual synthetic data of humans for computer vision applications. The platform allows users to write their own code to generate labeled synthetic data for faces, full body, and humans in motion in the form of images and videos to test and train AI models while retaining complete control over the data. The data covers a range of computer vision tasks including face landmark detection, face and hair segmentation, facial recognition and identification, full body pose estimation, full body segmentation, and behavior detection.Key customers and partnershipsThe company serves three of the top five global technology companies and Fortune 500 companies across the automotive, smart fitness, AR/VR/metaverse, smart office, and home security industries. Its notable customers include Google, Toyota, NVIDIA, IBM, and Intel.Funding and financialsIn March 2022, the company raised USD 50 million in a Series B funding round led by Scale Venture Partners. The funds were utilized to bolster its position in the market.Datagen reported to have recorded 8x growth in revenue in 2022.

Superb AI offers an end-to-end MLOps platform. It allows ML developers to curate and label data with AI assistance and automatically train custom AI models using no-code deep learning model training. The platform also facilitates one-click live deployment and monitoring of ML models to the cloud and access via API endpoints, without the need for extensive coding.In addition, Superb AI offers fully managed services with AI/ML models built on open-source datasets and provides training data including images and videos to developers. The company also provides access to productivity apps that allow developers to automate workflows, migrate data, and convert data formats, which was in beta as of April 2024.Superb AI provides its platform and services through flexible packages based on customer requirements.Key customers and partnershipsIts notable customers include Hyundai, Toyota, Samsung, Rowbot, and LG.Funding and financialsIn September 2022, the company raised USD 16 million in a Series B funding round led by Korea Development Bank. It had planned to use the funds to expand its team and improve its technology.

Exploring the limitless possibilities of AI

Generative AI Applications

Inworld is a no-code developer platform that enables the creation of AI characters for games, virtual worlds, metaverse, and brand experiences. The company’s characters are intended to mimic the personalities, memories, and behaviors of real humans, enabling more immersive interactions with non-player characters (NPCs) and computer-controlled inhabitants of virtual worlds. Inworld focuses on the personalities or “brains” of these AI characters as it aims to be compatible with any character models or visuals, integrating with various game engines to generate avatars. Inworld’s AI characters are suitable for several use cases, including:1) Gaming: For more immersive non-player characters, capable of unscripted interaction, contextual awareness, and human emotion2) Brands: To power virtual brand ambassadors, mascots, chatbots, and customer service assistants, allowing more engaging interactions with customers3) Training: Versatile AI teachers with customizable knowledge bases and a variety of teaching stylesUsers can input the character’s desired personality, knowledge, and behavior as text fields. Inworld also allows the fine-tuning of all its AI characters to ensure they remain on-brand and within the context of a game or virtual world, providing safety measures such as profanity, hate speech, and sexual content filters. The AI characters are powered by 20 distinct machine-learning models, including OpenAI’s GPT-3 large language model (LLM) for speech content, alongside multimodal models, including an AI character engine and “contextual mesh” for character behavior, personality, expressions, gestures, and voice synthesis. In May 2024, it launched Inworld Voice, a new service that offers AI-generated, expressive voices designed primarily for use in video games, audiobooks, and voice assistants. It offers several features, including latency, rhythm, intonation, pitch variation, and pausing. In July 2024, the company introduced <a href="https://sp-edge.com/updates/32111">multilingual</a> support for Mandarin (simplified Chinese), Japanese, and Korean, allowing game creators to localize their games.The company was a part of the 2022 Disney Accelerator, Disney’s startup incubator.Key customers and partnershipsIn November 2023, Mictrosoft’s Xbox <a href="https://sp-edge.com/updates/23541">partnered</a> with Inworld AI to develop AI dialogue and narrative tools for video games. In September 2022, the company partnered with Unity Verified, an integrated software solution, to make its solutions available in the Unity asset store after being verified as a game developer tool.In June 2024, Inworld partnered with <a href="https://sp-edge.com/updates/30009">NVIDIA</a> to develop Covert Protocol, an application aimed at facilitating advanced social simulation capabilities within gaming environments.

Irreverent Labs offers a video generation platform. The company was initially known for a blockchain-based robot fighting game using non-fungible tokens (NFTs), although the company has now evolved from this focus. According to the company, the game, named “MechaFightClub,” served as a showcase for its large-scale machine-learning model. Now, users have the option to visit the website and upload a short video prompt resembling a live photo, which will generate a brief video using those frames. In the upcoming phases, the company intends to enable the utilization of various inputs, like text for directing the action, incorporating characters, audio, and the initial/ending frames, which users can upload.

AI21 is an Israel-based AI research lab developing large language models (LLMs). The firm also builds generative AI applications based on its LLMs, marketing them to businesses and consumers. Its consumer tool is “Wordtune,” a writing companion that offers paraphrasing, quality improvement, summarization, grammar reviews, and text segmentation. In August 2023, the company launched an <a href="https://sp-edge.com/updates/21417">upgraded version</a> of Wordtune, transforming the tool from a consumer-oriented tool into a comprehensive platform offering various features for GenAI assistance in reading, writing, and knowledge control and catering to professional users. Its features include1) Rewrite: A tool to paraphrase emails, articles, messages, and other written content2) Read and Summarize: A tool to summarize text and videos, including academic papers, YouTube videos, and magazine articles3) AI Writing: A tool that allows users to create and edit content for HR, marketing, other business tasks, as well as for personal use4) Grammar Checker: A tool to check grammar and correct spellings.Key customers and partnershipsAs of April 2024, AI21’s Wordtune customers included millions of professionals from companies like Nike, Walmart, ebay, Fujifilm, Zoom, Google, Doordash, Airbnb, Medtronic, Primis, Adidas, NICE, Samsung, and Wix; over 350 companies have implemented Wordtune for their employees.Funding and financialsIn August 2023, AI21 Labs raised <a href="https://sp-edge.com/updates/21424">USD 155 million</a> in a Series C funding round. Investors included Walden Catalyst, Pitango, SCB10X, b2venture, Samsung Next, and Amnon Shashua, the founder of Intel-owned Mobileye and a co-founder of AI21 Labs. Notable participants also included Google and NVIDIA. The funds were expected to be used to accelerate the growth of its text-based generative AI services for enterprises. In November 2023, the company announced an <a href="https://sp-edge.com/updates/24240">extension</a> of USD 53 million to this round, led by Intel Capital and Comcast Ventures. With the new funds, AI21 planned to promote its proprietary outlook of making AI purposes more specific, challenging the conventional "one size fits all" approach.

Quantum information processing is slowly becoming a reality, ushering in a new technological era.

Quantum Computing

Israel-based Quantum Machines develops quantum hardware and software systems for controlling and operating quantum processors. This is offered via an orchestration platform between classical processors and quantum processors, which allows researchers to code complex algorithms very easily and then orchestrates the algorithms on the quantum processor.&nbsp;The company’s Quantum Orchestration Platform (QOP) enables researchers to carry out complex quantum experiments and perform real-time qubit state stabilization and error correction. It also allows multiple experiments to be carried out at the same time by multiple users. The platform works with qubit engineering technologies including superconducting qubits, trapped ions, trapped atoms, and nitrogen-vacancy (NV) centers. The company also introduced a new language called “QUA” in 2020 for quantum orchestration, reported to be the first standard universal language for quantum computers.&nbsp;Founded in 2018, the company acquired Danish quantum hardware startup <a href="https://sp-edge.com/updates/9491">QDevi </a>l in March 2022 to gain access to QDevil’s expertise and capabilities in the development of auxiliary electronics and quantum hardware. In <a href="https://sp-edge.com/updates/26381">February 2024 </a>, the company launched two new products—QDAC-II Compact and QSwitch—to its quantum electronics product range.&nbsp;Key customers and partnershipsThe company’s partnerships include: <a href="https://sp-edge.com/updates/28990">Hamamatsu </a>(April 2024) to enhance quantum computation, communication, and sensing capabilities; <a href="https://sp-edge.com/updates/24512">ParTec AG </a>(initiated in May 2023; extended in November 2023) to integrate Quantum Machines' Quantum Orchestration Platform with ParTec's proprietary IP; Toyota Tsusho Corporation, a part of the <a href="https://sp-edge.com/updates/11468">Toyota Group </a>(July 2022) to offer quantum solutions to Japanese customers.&nbsp;&nbsp;

Israel-based quantum software company Classiq offers a comprehensive software platform, which includes an Integrated Development Environment (IDE), compiler, and operating system (OS), providing a single point of entry into quantum computing. It enables programmers to develop quantum algorithms incorporating automation and synthesis technology, which enables the automatic translation of human ideas into quantum circuits. This will allow programmers to focus on high-level creative coding instead of spending long hours on low-end gate-level coding.In <a href="https://sp-edge.com/updates/31935">July 2024</a>, Classiq announced the general availability of Qmod (Quantum Modeling Language), the first high-level language for quantum coding enabling access to developers, researchers, and enterprises worldwide.Classiq is known for its unique approach that combines high-level algorithmic design with hardware-aware quantum circuit compilation. This method facilitates the development of sophisticated quantum applications without requiring deep expertise in quantum physics.Key customers and partnershipsClassiq’s partnerships include <a href="https://sp-edge.com/updates/31934">QuEra Computing</a> (July 2024) to integrate QuEra's neutral-atom quantum computers into Classiq's platform; <a href="https://sp-edge.com/updates/30103">Mphasis</a> (June 2024) to explore quantum computing across banking, financial services and insurance (BFSI), life sciences, healthcare, supply chain, logistics, and chemistry; <a href="https://sp-edge.com/updates/28207">Quantum Intelligence Corp</a> (QIC; April 2024) to speed up drug development using quantum computing in pharmacology; <a href="https://sp-edge.com/updates/27391">Alice &amp; Bob </a>(March 2024) to integrate Alice &amp; Bob's cat-qubit technology into Classiq's platform; <a href="https://sp-edge.com/updates/24795">Oxford Quantum Circuits</a> (OQC) UK (December 2023) to simplify the adoption and execution of advanced quantum computing across industries and research fields; <a href="https://sp-edge.com/updates/23860">Tel Aviv Sourasky Medical Center and NVIDIA</a> (November 2023) to launch a new initiative, Quantum Computing for Life Sciences and Healthcare Center; <a href="https://sp-edge.com/updates/16255">Microsoft</a> (February 2023) to launch a global quantum academic program for researchers and educational institutions; <a href="https://sp-edge.com/updates/14870">Q-CTRL </a>(November 2022) to develop an end-to-end platform to accelerate quantum algorithm designing and analysis; and <a href="https://sp-edge.com/updates/13866">Rolls-Royce</a> (October 2022) to leverage quantum and classical computing techniques to design and develop novel computational fluid dynamics.

New data privacy regulations have opened up space for a new wave of compliance-focused startups.

Digital Privacy Tools

Virtru provides a range of data protection products that offer email encryption, secure sharing, access controls, etc. for customers who need to meet privacy and compliance requirements. Virtru offers the Trusted Data Format (TDF) to secure data, a wrapper that encrypts and holds the underlying data for secure sharing. The company was co-founded by Will Ackerly, a former staffer of the National Security Agency (NSA) who invented the TDF during his tenure at the NSA.&nbsp;The products offered by Virtru can also be leveraged to transfer data across the organization in line with privacy regulations such as GDPR, CCPA, and others, by encrypting and preventing unauthorized access to sensitive information (for instance, sharing data to fulfill a data subject rights request).&nbsp;Key customers and partnershipsAs of September 2024, the company’s platform was used by 6,700+ organizations, including Verizon, Netflix, Salesforce, and Brown University.

Dynamo operates a platform that allows developers to train AI models on personally identifiable information (PII) without compromising privacy, at scale. The company aims to make AI development more accessible in industries where data privacy is critical, such as healthcare and financial services. Dynamo is a graduate of Y Combinator’s 2022 winter cohort and was originally founded in 2021 by two PhD graduates from the Massachusetts Institute of Technology (MIT).&nbsp;The Dynamo solution is composed of three modules: i) DynamoEval for automated stress testing of AI systems; ii) DynamoEnhance, which remediates identified risks and enhances models to improve security and privacy; and iii) DynamoGuard to enable enterprises to deploy customizable AI guardrails.At its core, Dynamo AI’s platform uses federated learning, a method that aggregates several smaller AI models trained by hundreds or thousands of different users in their own environments to create the final full-fledged model, removing the need to share sensitive data. Federated learning is, however, considered difficult to deploy, with several drawbacks, including costs associated with transferring AI models back and forth, inaccuracy of the final model due to statistical variation across the component models’ data, and lack of personalization.Dynamo has developed a proprietary system, “FedLTN,” which avoids these drawbacks by using various techniques to prune AI models to a smaller size while maintaining accuracy. The platform also allows users to fine-tune models to specific cohorts.

Disrupting the traditional financial system using blockchain

Decentralized Finance (DeFi)

Cypher offers a non-custodial digital wallet platform that enables users to hold, buy, sell, and stake cryptocurrencies. Offered as a mobile application, Cypher supports tokens from over 12 different Ethereum virtual machine (EVM) and Cosmos blockchains (as of January 2023). It also enables users to bridge assets across the chains without using a third-party platform. Additionally, it also provides proprietary support to on-ramp fiat into crypto.Funding and financialsIn January 2023, Cypher announced the <a href="https://sp-edge.com/updates/15799">raising of USD 4.3 million </a>in seed funding led by Y Combinator. The company earmarked the funding to invest in R&amp;D, product development, and forming partnerships with banking institutions. It also planned to launch a debit card for users to make payments with their crypto assets.

Berachain offers a Cosmos-based layer 1 blockchain protocol that enables staked assets to be used in other DeFi protocols via a “proof of liquidity" consensus mechanism. Users can simultaneously stake assets on the Berachain blockchain and use the same assets for on-chain trading, borrowing, or lending. Moreover, the protocol is compatible with Ethereum virtual machine (EVM)-based solutions.&nbsp;Berachain offers several native tokens including a gas token (bera), a USD-pegged stablecoin (honey), and a non-transferable governance token (BGT). Users can stake bera to earn BGT and receive rewards in honey for governance participation.As of April 2023, the protocol had over USD 250 million in committed capital to deploy and planned a public testnet in the following weeks. The company planned to launch its mainnet in the second quarter of 2024.&nbsp;Funding and financialsIn March 2024, Berachain <a href="https://sp-edge.com/updates/27597">raised over USD 69 million</a>&nbsp; in new funding led by Brevan Howard Digital and Framework Ventures at a USD 1.5 billion valuation. This funding amount was increased to USD 100 million according to a new report in April 2024. The funds were earmarked to support the protocol’s expansion efforts in regions such as Hong Kong, Singapore, Southeast Asia, Latin America, and Africa.

Cryptocurrencies

Krypton is a decentralized cryptocurrency exchange that aims to solve the issue of front-running in trading by executing trades as continuous streams over time. The company's protocol facilitates taking complex computations off-chain, lowering costs for traders. It sets the supply/demand equilibrium based on price and speed instead of price and quantity, optimizing execution for traders without special information. Krypton's protocol is resistant to miner extractable value, protecting traders and market makers from slippage and impermanent loss by limiting the negative impact from market participants with an informational advantage.
The company has developed a viable proof of concept and expects to generate revenue based on trading volume. Krypton harnesses scaling solutions from Chainlink, enabling it to continuously update an order book for the price/time equilibrium on-chain cost-effectively. While its long-term success is not dependent on Chainlink, Krypton has the potential to become a critical decentralized exchange (DeX) in Chainlink's Cross-Chain Interoperability Protocol (CCIP) ecosystem.

Front Finance is a fintech company that provides a mobile application to serve as a companion for investment platforms like Robinhood and Coinbase. Launched in 2020, Front's app aims to guide novice investors in making better investment decisions across different asset classes including stocks, cryptocurrencies, and other securities.
The company's core product is a smartphone app available on iOS and Android that integrates with popular retail investment platforms. Front's app analyzes a user's current holdings and trading activity, and provides data-driven guidance and education to improve their investment strategy and portfolio management. This includes portfolio analysis, risk management tools, asset allocation recommendations, and tutorials on investing fundamentals.
As a registered investment advisor (RIA) regulated by the US Securities and Exchange Commission (SEC), Front employs a freemium model where its app's core functionality is available for free to all users. The company may offer premium tiers with advanced features and more personalized advice for a subscription fee. By targeting self-directed retail investors on established investment platforms, Front aims to democratize access to professional-grade portfolio management tools and financial guidance typically available only to institutional or high net-worth investors working with human advisors.
Front's key differentiator appears to be its ability to integrate investment data across multiple broker accounts into one unified interface and provide customized recommendations powered by quantitative models and algorithms. This allows users to seamlessly manage all their investment activities within the Front app ecosystem.

Tools that streamline software development

DevOps Toolchain

Tabnine is an AI-powered code completion tool designed to enhance developer productivity and streamline the software development lifecycle. Founded in 2012 by Dror Weiss and Eran Yahav, Tabnine offers intelligent code suggestions, automates repetitive tasks, and provides context-aware recommendations. The platform utilizes advanced machine learning algorithms and large language models (LLMs) to generate code snippets, documentation, and tests. Tabnine supports multiple programming languages and integrates seamlessly with popular integrated development environments (IDEs).
Tabnine's AI assistant can complete lines of code, suggest full functions, and even convert natural language comments into executable code. As of February 2024, the company introduced new capabilities that allow for greater personalization of its AI coding assistant. These features include local code awareness, connection to software repositories for global code awareness, and customization of AI models. Tabnine claims to automate 30-50% of code creation for each developer, significantly boosting efficiency.
A key differentiator for Tabnine is its focus on privacy and security. The platform offers flexible deployment options, including SaaS, on-premises, and virtual private cloud solutions. Tabnine emphasizes that it does not store or share customers' code and uses only AI models trained on open-source code with permissive licenses, addressing potential legal and intellectual property concerns.
In November 2023, Tabnine secured USD 25 million in Series B funding, bringing its total funding to USD 55 million. The company reported having over a million users and 10,000 customers as of that time. Tabnine has continued to evolve its offerings, introducing features such as Tabnine Chat for natural language interactions with AI models and support for various LLMs including OpenAI's GPT-4o, Anthropic's Claude 3, and Cohere's Command R model.

Mutable.ai is an AI-accelerated software development platform designed to enhance developer productivity and code quality. Founded in 2021 by Omar Shams, a former Staff ML Engineer at Apple with a PhD in Theoretical Particle Physics, Mutable.ai leverages artificial intelligence to streamline various aspects of the software development lifecycle. The platform offers features such as AI autocomplete, which reduces time spent on boilerplate coding, and prompt-driven development, allowing developers to modify code using AI-driven instructions. Mutable.ai supports multiple programming languages including JavaScript/TypeScript, Go, Rust, Python, Vue, and Java.
Key features of Mutable.ai include codebase chat with semantic search, multi-file editing capabilities, automated test generation for both unit and integration tests, and repository intelligence. The platform's AI can transform codebases into Wikipedia-style articles, identify high-severity bugs, and generate automatic stand-up reports to track team progress. Mutable.ai also provides code refactoring tools, documentation writing assistance, and the ability to give AI direct instructions for code modifications.

Imbuing emotion into human-digital interactions

Digital Humans

Inworld AI is a developer platform for creating AI-driven virtual characters for gaming, metaverse, and interactive experiences. Founded in July 2021 by Ilya Gelfenbeyn, Michael Ermolenko, and Kylan Gibbs, the company offers a Character Engine that uses advanced AI to build generative characters with personalities, thoughts, memories, and behaviors designed to mimic human interaction. Inworld's no-code studio allows writers, designers, and creators to easily develop AI characters that can be integrated into popular game engines like Unreal and Unity.
The company's technology goes beyond existing large language models and chatbots, orchestrating multiple machine learning models to enable multimodal character expression. Inworld's AI characters can learn, adapt, navigate relationships with emotional intelligence, have memory and recall, and autonomously initiate goals and actions. This allows for more dynamic and immersive experiences compared to traditional scripted non-player characters (NPCs) in games and virtual worlds. As of August 2023, Inworld AI had raised approximately USD 120 million in funding and was valued at over USD 500 million. The company plans to launch an open-source version of its Character Engine to further innovation in the gaming industry.
Key customers and partnerships
Inworld AI has worked with several notable companies and projects to implement its AI character technology. The company has created AI-driven NPC experiences for Team Miaozi (NetEase Games), Niantic 8th Wall, LG UPlus, and Alpine Electronics. Inworld's technology has also been used in community-created mods for popular games like Skyrim, Stardew Valley, and Grand Theft Auto V. In 2022, as part of the Disney Accelerator program, Inworld demonstrated a 'Droid Maker' prototype created in collaboration with ILM Immersive. The company's Character Engine is featured in Unity's AI Marketplace as a Unity Verified Solution, and Inworld has received an Epic MegaGrant from Epic Games. Additionally, Inworld AI has integrated its technology with Unreal Engine's MetaHumans to enhance character creation capabilities.

Mawari is a pioneer in cloud rendering and XR streaming technologies, focusing on solving the challenges of delivering high-quality, interactive 3D content to mobile devices and XR wearables at scale. The company has developed a proprietary technology stack called the Mawari Engine, which includes patent-pending split rendering frameworks and 3D streaming CODECs. This technology allows for efficient rendering and streaming of interactive 3D content in real-time to mobile XR devices.
At the core of Mawari's offering is its XR-focused streaming software development kit (SDK) that leverages cloud computing to render complex 3D content and deliver it to various devices. The company's unique compression technology significantly reduces the size and weight of 3D content, enabling real-time rendering and streaming to smartphones and AR glasses without compromising quality or speed.
Mawari's solution addresses a critical bottleneck in the XR industry by enabling scalable delivery of consumer-grade XR content to large numbers of devices simultaneously. The company has introduced the Mawari Network, a decentralized 3D & XR content delivery platform that orchestrates a network of GPU-powered nodes to break infrastructure bottlenecks for real-time rendering and overcome the lack of local compute power on XR devices.
In February 2023, Mawari launched a Testnet in Japan as part of a GSMA Foundry Project, showcasing the world's first Web3, decentralized XR content delivery platform that scales real-time 3D rendering and streaming to XR wearable devices via 5G. The company has also explored use cases in various industries, including retail, entertainment, and education.
Key customers and partnerships
Mawari has established partnerships with several major companies in the telecommunications and technology sectors. Japanese telecommunications giant KDDI Corporation joined the Mawari Network Testnet in Japan, providing edge rendering, validating, and storage nodes, as well as last-mile 5G network connectivity. The company has also collaborated with Telefónica, demonstrating the potential of XR technologies in creating a sense of co-presence for online shopping experiences.
Mawari's technology has been validated through over 40 deployments worldwide, working with clients and partners such as 8th Wall, BMW, Ericsson, KDDI, Immersal, Niantic, Qualcomm, Sapporo Breweries, and T-Mobile. The company has also partnered with Qualcomm Technologies to utilize the Snapdragon Spaces XR Developer Platform for exploring use cases in consumer and entertainment verticals.
In the entertainment sector, Mawari has supported projects like the annual Mutek Japan event, where it facilitated the real-time transmission of high-fidelity content for an immersive XR dance performance. The company has also worked on solutions for VTubers (Virtual Avatars), aiming to enhance immersive and interactive connections between digital personalities and their audiences.

New products and new technologies are bringing high-end gym workouts to the home.

Connected Fitness

<div>
 
 Aviron Interactive is a Canadian company that offers a rowing machine with gamification features. The company, founded in 2015, launched its interactive rower in 2017 after two years of design and development. The product has two models: “Tough Series Rower” for commercial use and “Impact Series Rower,” a foldable model for home use that was commercially rolled out in July 2020. Its rowers have a smart resistance system, a 21.5-inch HD touchscreen display, and a quiet nylon belt. The key differentiating factor for Aviron from most other interactive fitness companies is its software, designed for a connected gaming experience via its built-in display. The software includes six different workout categories, including introductory workouts for amateurs, personalized workouts, and real-time competitions with other users.
 
 
 Aviron predominantly targets the business-to-business (B2B) market, such as hotels and apartment buildings, and has customers such as YMCAs and Gold's Gyms. The machine was launched in the business-to-consumer (B2C) market in July 2020 and has reportedly sold around 1,000 units as of January 2021. The home fitness machine, “Impact Series Rower,” is available for USD 2,199, Aviron membership costs USD 29 a month or USD 299 a year, which gives access to its user network, challenges, and other content for home users. The “Tough Series Rower” is priced at USD 2,499 plus a membership fee of USD 299 a year or a lifetime membership for USD 3,499. 
 
 
 In 2021, Aviron revealed that it achieved growth of 2,700% YoY in its paying subscriber base and a 700% YoY growth in revenue.
 
 
 <a href="https://sp-edge.com/updates/8717?industryIds=2">
 In February 2022,
 </a>
 Aviron raised CAD 23.6 million (USD 18.5 million) in a Series A funding round led by Stripes, for further product development, to expand its team, and to invest in inventory. 
 Previously, i
 <a href="https://sp-edge.com/updates/4835">
 n August 2021, 
 </a>
 Aviron raised USD 4.5 million in funding for continued business growth, to meet the rising demand, and to further develop its gamified workout content.
 
</div>

Using data and automation to achieve 24/7 production.

Smart Factory

Standard Bots offers a six-axis robotic arm (named RO1) that uses AI and computer vision to automate manufacturing processes. These include tasks such as machine tending, pick-and-place, case packing, welding, sanding, polishing, and material handling. Users can program the robot and develop their own robotic applications via the platform’s no-code interface or through flexible APIs and React components. Furthermore, RO1 can be integrated with grippers, conveyors, 7th-axis slides, linear actuators, and more without additional configuration. Its products are available for outright sale.As of July 2024, the company was developing a transformer-based foundation model that enables users to program robots using demonstrations. The model also allows robots to self-learn and adapt to variations in the environment using its in-built 3D vision cameras.Key customers and partnerships&nbsp;As of August 2024, the company’s robotic solutions were used by a number of enterprise and public sector clients, including NASA, MAC, Lyndex Nikken, Timken, Amazon, TMMI, and Reason Robotics.

The tools that power remote work are define the next generation of enterprise software.

Remote Work Tools

Verbit is an AI-based transcription software that can be used to caption videos and transcribe audio in real time, making it appropriate for business or classroom settings. Verbit’s use cases extend to the legal, education, and media industries, and the software can be tailored to cater to industry-specific regulations and standards. Its technology detects domain-specific terms, offers noise-cancellation, and is accent neutral in its transcription. Furthermore, it also provides audio descriptions of visual images to make the content attainable for blind or low-vision viewers.In May 2021, Verbit announced the acquisition of transcription software provider, VITAC. VITAC is considered to be the largest provider of transcription solutions in North America. Hence, Verbit claimed the acquisition positions it as the market leader in the professional transcription software sector. Furthermore, it allowed Verbit to expand its customer portfolio to the media and production verticals. In December 2021, the company acquired Automatic Sync Technologies, a transcription solution provider for the education and government sectors. And in May 2022, Verbit acquired U.S. Captioning to further its media vertical expansion efforts.&nbsp; Continuing with its geographic expansion efforts, in <a href="https://sp-edge.com/updates/8916">March 2022</a>, Verbit acquired Take Note, a transcription service with a team of ~600 transcribers based in the UK, for an undisclosed amount. Take Note provides audio and video transcription, captioning, and note-taking solutions primarily targeting the market research sector. In July 2022, Verbit acquired Take 1, a leader in transcription, access and localization services for the media and entertainment sector, headquartered in the UK. The acquisition strengthens Verbit's growing presence in Europe following its acquisition of UK market research specialist Take Note.Key customers and partnershipsVerbit’s customer base includes notable firms such as Stanford University, Google, Udacity, and Fox.&nbsp;In October 2022, Verbit partnered with Allyable, a digital accessibility SaaS technology company, to accelerate AI-based digital accessibility compliance for businesses worldwide.&nbsp;Funding and financialsIn <a href="https://sp-edge.com/updates/6893">November 2021</a>, Verbit raised USD 250 million in a Series E funding round led by Third Point Ventures with participation from existing investors including Sapphire Ventures, More Capital, and Disruptive AI. The funds were allocated to product development and to support Verbit’s vertical and geographic expansion in Europe. Verbit plans to further invest in M&amp;A and to add scale and new capabilities to support its clients. The round doubles the company’s valuation to USD 2 billion since its USD 157 million Series D funding round in <a href="https://sp-edge.com/updates/975">June 2021.</a>

Now anyone can become a software developer.

No-code Software

<div>
 
 Amaze (formerly known as Famous) offers a no-code content creation platform that enables merchants, designers, and business owners to create advertising pages, promotional pages, and slides to be used in their marketing campaigns, Instagram bio links, and social media posts. The platform offers Studio, its design suite, tools to manage&nbsp; performance, as well as a content management solution. Additionally, Amaze offers a free library of assets such as transitions, templates, and animations.&nbsp;
 
 
 In January 2022, the company launched a new product named &ldquo;Amaze Free,&rdquo; which allows users to use Amaze&rsquo;s tools directly in Shopify without the use of code. Amaze will be offered for free in the Shopify App Store, and will offer immersive designs, animations, and transitions, to enable merchants to build customized landing pages.&nbsp;
 
 
 In October 2022, Amaze 
 <a href="https://sp-edge.com/updates/14540">
 acquired Spring
 </a>
 , a social commerce platform, for an undisclosed amount. Amaze expects to leverage Spring&rsquo;s 5.5 million new creator stores and its leadership team&rsquo;s experience in social commerce, merchandising, and marketing. Moreover, the company integrated its product design, monetization features, and fulfillment solutions into its product offering. In July 2023, the company went on to expand its in-country fulfillment network&nbsp; to Australia to reduce delivery time and shipping costs.&nbsp;
 
 
 In June 2023, the company went on to acquire Outfts, a creator analytics platform, for an undisclosed amount. The acquisition enabled Amaze to provide users access to additional tools and services such as media kits, Link In Bio tools, and a number of brands' product catalogs.&nbsp;
 
 
 Key customers and partnerships
 
 
 Amaze partners with a range of companies to extend its tools and features to a broader audience and expand its product offerings. These include partnerships with 1) Shutterstock (September 2022) to provide users access to the Shutterstock&rsquo;s library of licensed images and videos, 2) TikTok (June 2023), to release an integration that enables users to curate, showcase, and sell their own products on the platform, 3) Kornit Digital (June 2023), an on-demand textile production company, to provide its production and fulfillment solutions to Amaze customers, and 4) Cameo (October 2023), a celebrity video sharing website, to offer its managed creator services to users of the platform.
 
 
 As of February 2024, the company served over 11 million users. 
 
 
 
</div>

From fast food to fine dining, everything but the kitchen sink is suddenly just a tap away.

Online Food Delivery

Yummy is a California-based food delivery app that operates in Latin America. The company was founded in 2020 as a food delivery app but has expanded into delivery services for medicine, clothing, and grocery delivery as well as ridesharing.The food delivery app solution allows users to place orders through the company’s mobile app or website platform and pay using cash, credit cards (including foreign credit cards), etc. Yummy has promotional partnerships with fast-food chains such as KFC, Arturo’s, and Burger Shack. As of June 2022, the company’s average prepared food category cart size was USD 14. The company operates in six Latin American countries including Venezuela, Bolivia, Peru, and Panama.In October 2021, the company expanded its global operations through the acquisition of Yaigo, a Bolivian delivery startup that focuses on underserved markets in Latin America. Yaigo operates in Bolivia and Paraguay.In June 2022, Yummy raised USD 47 million in a funding round led by Anthos Capital with participation from JAM Fund, Soma Capital, WIND Ventures, Ethos Capital, and YC Continuity. The investment brought the company’s total funding to USD 69 million. It planned to use the funds on product development, increasing density within current categories, and expanding coverage in markets like Venezuela and Bolivia.

The innovative cost dynamics of serverless computing allow more customers onto the cloud without breaking the bank.

Serverless Computing

Koyeb is a French startup that offers a serverless platform for developers to run applications, application programming interfaces, and databases. The platform supports a number of serverless deployment options, including git-based deployments, Docker file deployments, and container registry deployments, and provides a suite of infrastructure-as-code tools for automation. Users can connect their code repositories, build native continuous deployment pipelines, and perform load balancing across three continents via its edge network.Key customers and partnershipsFurthermore, Koyeb integrates with a number of third-party applications like MongoDB, Neon, Turso, and Upstask and supports coding languages including Node.js, Python, Go, Ruby, Java, PHP, Scala, and Clojure. As of November 2023, the platform was used by over 50,000 developers and teams from a number of companies including HuggingFace, Equinix, Tesla, and Intel.

Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

Prime Trust offers a diversified infrastructure platform offering solutions across payments, settlement, open banking, card management, and fraud prevention (through know-your-customer). The platform is capable of handling crypto and fiat currencies, and its API and plug-and-play widgets cater to a range of enterprises, including crypto exchanges, digital wallets, broker dealers, and banks, among others. Prime Trust’s payment infrastructure enables automated clearing house (ACH), single Euro payment area (SEPA), and SWIFT wire transfers, and can handle six different global fiat currencies. It can also handle card processing in 165 currencies natively, and also lets end users convert the funds to USD upon deposit. The platform can also support transactions through a range of digital assets, including Bitcoin, Ethereum, and Stellar, among others. The company also offers a white-label debit card program for institutional clients, which are compatible with most digital wallets (including Apple Pay and Google Pay). Funding and financials The company’s annual revenue run rate (ARR) reportedly exceeded USD 100 million in July 2021 and that its platform handled around 250 million API calls per month from over 500 customers. It also noted that revenue doubled annually over 2017-20.Prime Trust appointed former Visa and Green Dot executive, Mike Smith, as its Chief Operating Officer (COO) in June 2021. The company <a href="https://sp-edge.com/updates/11254?industryIds=53">raised USD 100 million in Series B funding </a>in June 2022, almost a year after raising USD 64 million in Series A funding. The newly raised funds were primarily earmarked for new product launches, such as the Crypto Individual Retirement Accounts (IRA), wealth, and staking products. It will also be used to support tokenized products and migrate to a cloud architecture.

Making banking work, without the paperwork

Neobanks

Copper provides digital banking services for kids and teens via a mobile app. The company offers its banking products in partnership with Evolve Bank &amp; Trust.The company primarily targets teens, although its products are offered to kids over the age of six. Products offered by the company include personalized debit cards and automated savings options with no minimum balance requirements. In addition, the app also facilitates P2P payments and direct deposits. The platform also offers financial education tools aimed at helping teens improve their financial management knowledge.The app requires parents to sign their kids/teens up for accounts after which parents can link their bank accounts to Copper accounts to provide automatic allowances at predetermined dates. The app also provides parents with alerts and smart controls over spending behavior and offers co-parent options for separated parents living in different households.Key customers and partnershipsAs of April 2022, Copper served more than 800,000 customers.Funding and financialsThe neobank raised USD 29 million in a Series A funding round in April 2022, led by Fiat Ventures. It had planned to utilize fresh funds towards growth initiatives.

Using AI to automate, enhance and optimize marketing activities

Marketing Automation

Israel-founded Anzu.io specializes in video game advertising, providing an in-game programmatic advertising platform. The firm’s platform allows brands to place real-world display and video ads in-game, with the ability to update ads in real time in response to data signals and first-party data.&nbsp;The firm’s competitive edge is its claim to be the only in-game advertising platform covering all video game mediums (20+) including consoles, PC, mobile, esports tournaments, and live game streaming. The firm also claimed to provide the first 3D digital advertising solution for games, which results in a 23% increase in ad viewability compared with traditional 2D advertising.&nbsp;&nbsp;Anzu.io was also featured in our <a href="https://sp-edge.com/insights/9587">EDGE 100 list</a> of rising startups.&nbsp;Key customers and partnershipsAs of July 2024, the platform served 150 million monthly active users, including Vodafone, Pepsi, Samsung, Fanta, and American Eagle.The firm has also partnered with leading game developers such as Ubisoft, Xbox, Vivid Games, and Lion Castle Entertainment, giving advertisers and brands access to 16,000+ game titles. The firm has also partnered with ad marketplaces including OpenX, AdColony, Smart, and Azerion to make its in-game programmatic advertising available to advertisers. In February 2022, <a href="https://sp-edge.com/updates/8799">NBCUniversal became the global sales partner</a> and exclusive third-party seller in the US and UK for Anzu.io’s game ads inventory. In February 2023, the firm <a href="https://sp-edge.com/updates/16502">extended its partnership with Livewire,</a> a gaming and GameTech provider, to expand Anzu.io's services in Germany and France.

Information to create a more efficient, cleaner and safer way to travel in the city of the future

Smart Mobility Information

Swiftly is a public transit data platform with solutions for city municipalities and transport authorities for transit planning, operations management, and customer service. The platform has a number of solutions, including 1) Transitime, an information platform providing predictions on commuter movements for operators and real-time alerts for commuters via digital signage, mobile, Twitter, and SMS; 2) Metronome, which provides real-time information to transit operators on vehicle locations, early and late vehicles as well as an onboard app to update drivers in real-time; 3) tools for analyzing historical transit data for planning and scheduling; and 4) Headsign Connector, an automated solution <a href="https://sp-edge.com/updates/15594">launched in January 2023</a> to provide commuters with accurate, up-to-date route information.Swiftly distinguishes itself by being “hardware agnostic,” where its transit platform can be integrated with popular mobility data-gathering infrastructures such as GTFS, Transxchange, CAD/AVL as well as onboard hardware like tablets and displays that run on standard Android and iOS interfaces. The firm claims that its platform is 30% more accurate than existing systems with respect to predicting passenger and vehicle arrival times.In December 2021, Swiftly integrated its service adjustments feature (allows operators to make real-time adjustments including trip cancellations and additions, stop closures and detours, along with changes to departure times) with its rider alerts product (notifies customers in real-time of any updates).Key customers and partnershipsAs of March 2022, Swiftly’s platform was being used by 5,500+ transit professionals in 100+ cities, including Maryland, Baltimore, Vermont, and San Joaquin.In July 2024, Swiftly <a href="https://sp-edge.com/updates/31361">partnered with County Connection,</a> a provider of transportation services of Contra Costa County, to offer Swiftly’s performance insights for enhancing on-time performance and providing data for decision-making. In August 2024, the company <a href="https://sp-edge.com/updates/32399">partnered with Cambridge Systematics (CS),</a> a provider of technology for transportation, to integrate services and enhance transit customer experience solutions.

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

Vinli provides a machine learning vehicle data platform for connected cars and electric vehicles globally. Its product portfolio includes fleet services that provide vehicle tracking, fleet performance results, maintenance monitoring, driver and trip insights, etc. for fleet managers; insurance services capable of predictive risk assessment, providing accident data, crash reporting, incident management etc.; and intelligence services to optimize profitability. These services are powered by its “ERA Platform” that can generate insights from vehicle data. The company pitches its products toward fleet services, OEMs, and aftermarkets. Key customers and partnerships In September 2016, the company partnered with telecommunications service provider T-Mobile to bring connected car capabilities Meineke Car Care and Cox Automotive. As of September 2021, Vinli also had partnerships with technology and automotive companies such as Samsung and ALD Automotive.

Incorporating technology to improve efficiency and success rate of clinical trials

Clinical Trial Technology

Huma is a UK- and US-based clinical trial tech startup that provides a digital platform to manage clinical trials, including decentralized clinical trials. The platform can be used throughout the clinical trial process, including patient recruitment, screening, electronic consent, clinical outcome assessments, patient-reported outcomes, and telemedicine. The platform is built up to industry standards in data privacy and security, including ISO 27001, 21 C.F.R. Part 11, and TxP.In June 2023, the company <a href="https://sp-edge.com/updates/19352">received FDA 510(k) Class II FDA clearance </a>for its configurable disease-agnostic platform, including its cardiovascular risk score algorithm. The company received this FDA clearance in partnership with Health Canada and it allows Huma's platform to be used to monitor patients of all ages with any condition, including pediatrics and pregnancy. The Class II clearance also enables the platform to host algorithms that provide automated AI-driven data analytics for diagnosis, screening, clinical decision-making, predictions on health outcomes, and recommendations on dosage.In July 2024, the company was <a href="https://sp-edge.com/updates/31552">estimated to be valued at nearly USD 1 billion</a> when it secured a Series D investment of USD 80 million. Key customers and partnershipsSome of the key partners working with Huma include AstraZeneca, Johnson &amp; Johnson, Bayer, Stanford University, and the University of Cambridge. As of July 2024, the platform supported 3,000+ hospitals and clinics, screened over 35 million individuals, and had 1.8 million active users across 70 countries. Huma was awarded the 2021 Prix Galien Award, which is widely considered the “Nobel Prize” for pharmaceuticals and life sciences.The company announced a partnership with Xyla Elective Care in June 2022, to provide support to the UK’s National Health Service in delivering and managing virtual wards.

AI, robotics, and IoT to streamline the flow of goods and information

Logistics Tech

Covariant is an AI robotics company that develops advanced AI software for industrial and warehouse robots. The company's flagship offering is the “Covariant Brain,” an AI platform that enables robots to perform complex warehouse tasks, such as bin picking and order sorting, with high levels of autonomy and adaptability. Covariant's technology utilizes machine learning and computer vision to allow robots to handle a variety of items with different shapes, sizes, and packaging, and is pitched toward ecommerce and logistics operations. In March 2024, Covariant announced the launch of “RFM-1” (Robotics Foundation Model 1), described as a "large language model for robot language" that can power robots.&nbsp;Key customers and partnershipsCovariant's customers include Otto Group, Radial, McKesson, Wurth, GXO, Capacity, Active Ants, GNC, Bpost, Brodrene Dahl, Rohlik Group, and Bestseller. In August 2024,&nbsp;<a href="https://sp-edge.com/updates/33103">Amazon</a> announced a partnership with Covariant, acquiring a non-exclusive license to Covariant's robotic foundation models to enhance its warehouse automation capabilities.<h3>Its product partnerships include ones with 1) Knapp, an automation provider, to work on order-pick automation (since March 2020) and 2) ABB to co-develop intelligent robotics technologies (February 2020).</h3>

Automation in clinical diagnostics to improve speed and accuracy in patient diagnosis and treatment.

Clinical Decision Support Systems

Nest Genomics develops a software platform that integrates genetic testing information into electronic medical records (EMRs), enabling healthcare providers to inform treatment decisions with data-driven insights. The platform, launched in the last quarter of 2022, automatically generates personalized care plans for patients based on their genetic test results. For instance, a patient at risk for breast cancer would receive a plan including imaging, referrals to specialists, and recommendations for preventive medication.
The company's initial focus is on cardiology and oncology, where genetic testing is already utilized to assess and treat patients at risk for heart disease or cancer. Nest Genomics' platform seamlessly integrates with existing EMR systems, facilitating provider care decisions and helping patients schedule follow-up appointments.
In 2020, the American Heart Association recommended genetic testing to diagnose patients with a family history of heart disease, while the National Cancer Institute advocates genetic counseling and testing for at-risk patients and those with a hereditary cancer risk.
Nest Genomics was co-founded in 2022 by Moran Snir and Guy Snir, a married couple who previously co-founded Clear Genetics, a developer of software for providing genetic services to patients, which was acquired by Invitae Corp in 2019.

Simplifying healthcare administration with intuitive tech tools

Hospital Management

Nym is a company that provides autonomous medical coding solutions for healthcare providers across the US. Their flagship product is an autonomous medical coding engine that leverages clinical language understanding (CLU) technology to translate provider notes within patient charts into accurate billing codes in seconds without any human intervention. Nym's engine combines clinical expertise, computational linguistics, and explainable AI to decipher physician notes and assign compliant ICD-10 and CPT codes for medical billing.
As of October 2023, Nym's engine supports medical coding for emergency medicine, urgent care, outpatient surgery, outpatient visits, and radiology departments. It maintains over 96% coding accuracy and provides audit-ready, traceable documentation for every code generated, ensuring compliance with the latest guidelines. Nym's solution seamlessly integrates into existing coding workflows, running in the background and sending successfully coded charts directly to billing.
By automating medical coding, Nym helps healthcare providers reduce coding costs by up to 35%, decrease accounts receivable time by five days, and lower denial rates to less than 0.15%. As of April 2022, Nym's engine was powering revenue cycle management for Ochsner Health's emergency departments, processing over 5.5 million charts annually across more than 275 healthcare facilities in the US

From counting steps to saving lives and beyond

Wearable Tech

Elvie is a pioneering femtech company that develops innovative technology products designed to address women's health and wellness needs across various life stages. Founded in 2013 by Tania Boler, Elvie is at the forefront of revolutionizing the femtech industry through its groundbreaking solutions.
Elvie's flagship products include the Elvie Trainer, an award-winning pelvic floor exerciser, and the Elvie Pump, the world's first silent, wearable, and hands-free breast pump. These products leverage cutting-edge technology, such as bio-feedback and connected mobile apps, to provide superior solutions for issues like pelvic floor weakness and breastfeeding challenges.
In addition to the Trainer and Pump, Elvie has expanded its product portfolio to include the Elvie Stride, a hospital-grade electric breast pump, the Elvie Curve, a manual silicone in-bra breast pump, and the Elvie Catch, secure milk collection cups. These products cater to various breastfeeding needs, offering convenience and freedom for nursing mothers.
Elvie's products have received numerous accolades, including TIME Magazine's 100 Best Inventions for the Elvie Pump and Elvie Stride, as well as multiple Red Dot design awards. The company's commitment to innovation and user-centric design has disrupted the femtech market and empowered women to take control of their health and wellness.
In April 2024, Elvie released its first-ever report, "The Motherload: The weight of limited postpartum support," highlighting the challenges faced by mothers during pregnancy and the postpartum period. This report aimed to raise awareness and drive change in maternal health support systems.

Using real-time data to create dynamic virtual representations of the real world

Digital Twin

Nexar is a developer of smart dash cams that gathers real-time street footage to create a digital twin of the physical world and provide data to users for decision-making. As of June 2024, the company had covered over 1.5 billion miles of imagery and holds 4T images in a neural library.&nbsp;Using AI and computer vision, captured images and videos from cars are localized on a map to detect any changes in roads to provide actionable changed data across the platform CityStream and Nexar network. The platform provides features such as detecting changes on the road (such as road blockages, potholes, and construction), driver behavioral maps, autonomous vehicles systems, and compute and connectivity optimization.&nbsp;In August 2022, the company acquired Portugal-based Veniam to combine its data with Veniam’s communications technology and provide real-time mapping for mobility applications.&nbsp;Key customers and partnershipsThe company operates a B2B business model providing its services to enterprises and institutions in the logistics, road construction, and insurance industries. Its key customers include the Regional Transportation Commission of Southern Nevada, which partnered with Nexar in May 2021 to improve road management in Las Vegas. Also, in August 2021, the company partnered with Black Car Fund to provide cameras for Black car operators (rideshare drivers) in New York to protect Black Car Fund members in the case of accident or assault.&nbsp;It also partnered with AWS to deploy images, videos, and AI detections using AWS.&nbsp;Funding and financialsThe company raised USD 53 million in November 2021 in a Series D funding round led by Qumra Capital. The funds were used to scale its digital twin service using dash cam footage for automotive OEMs and cities.

Reinventing how computers think based on biological neural networks

Neuromorphic Computing

Intrinsic is a robotics software and AI company that specializes in industrial robotics. The company focuses on making manufacturing robots more intelligent and accessible to businesses, entrepreneurs, and the general public. Intrinsic's approach is software-first, aiming to enhance the capabilities of industrial robots to perform complex tasks. In April 2022, Intrinsic acquired Vicarious, a company known for its turnkey robotics solutions that use AI to automate tasks too complex for traditional automation. This acquisition was intended to accelerate Intrinsic's mission of reimagining the potential of industrial robotics. Vicarious's technology was designed to integrate AI and robotics into traditional mainstream production, offering solutions for tasks such as palletizing, picking, and packing in warehouse and logistics environments.
Key customers and partnerships
Intrinsic has been collaborating with teams throughout Alphabet, its parent company. The company has also been working on building technology pilots with real-world manufacturing firms. Prior to its acquisition, Vicarious had been working with companies like Pitney Bowes to deliver mission-critical products to their customers.

Ensuring the right people access the right resources at the right time

Identity & Access Management

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 HYPR, an identity assurance company, offers passwordless authentication solutions for the enterprise. The company's approach focuses on security across the identity lifecycle through its identity assurance platform, which features passkey-based authentication, continuous risk monitoring, and enhanced identity verification to secure the entire identity lifecycle of users. HYPR's solutions are designed to be user-friendly, offering a seamless authentication experience that eliminates the traditional security risks associated with passwords​​.
 
 
 HYPR&rsquo;s products include: 1) HYPR Authenticate, its passwordless multi-factor authentication solution; 2) HYPR Adapt, an identity risk engine and policy orchestration platform; 3) and HYPR Affirm, an identity verification platform.
 
 
 Key customers and partnerships
 
 
 HYPR&rsquo;s customers as of May 2024 included Rakuten, Fiserv, CVS Health, Unifiedpost, Fido Alliance, and Norwegian Airlines.
 
 
 HYPR has also formed significant partnerships to enhance its reach and capabilities, including Ernst and Young, Okta, ForgeRock, Guidepoint Security, and Optiv.
 
 
 Funding and financials
 
 
 HYPR raised USD 25 million in a Series C1 funding round led by Advent International, with the fresh cash being set aside to bolster the firm&rsquo;s go-to-market strategy and drive R&amp;D. 
 
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Redefining hospital care with the comfort of home

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