Ericsson Ventures

AI-based solutions for evolving digital threats

Next-gen Cybersecurity

<div>
 
 Menlo Security offers cloud security products, such as Secure Web Gateways (SWGs) and Cloud Access Security Brokers (CASBs), for enterprises to protect access to their cloud environments. These products act as layers between the user and network traffic, utilizing sandboxing technology to render web pages independently as opposed to loading everything onto user devices, thereby blocking any malicious activity before it reaches enterprise resources. Menlo's offerings include features to assign access controls to enterprise SaaS applications, along with data loss prevention (DLP) capabilities, phishing protection, and download controls.
 
 
 
 
 As of November 2020, the company reported an increase in revenue by 155% year-over-year (YoY) with its average deal value doubling YoY. As of November 2020, the company employed 235 staff.
 
 
 
 
 In November 2020, the company raised USD 100 million in Series E funding at a valuation of USD 800 million. Vista Equity Partners led the round, and the company expects to use the funding to accelerate product development and increase its engineering and marketing capabilities. The company also plans to expand to countries such as Japan, Singapore, and the UK across industries in demand such as financial services, critical infrastructure, healthcare, and government sectors.
 
</div>

<div>
 
 SAM Seamless offers a device-agnostic solution for the security of IoT devices for consumers and small and medium businesses (SMBs). The company&rsquo;s approach employs behavioral techniques and machine learning to detect and prevent threats to smart devices. Its SMB offerings include features to protect network routers, manage IoT devices in the network, implement content controls and other service quality features. SAM Seamless also offers its solution to network operators and gateway manufacturers to enable the security of the network devices provided to customers. For network operators, the company also offers white-label mobile applications which the former can offer to their users to manage security features.
 
 
 
 
 The company counts technology companies such as Liberty Global, CabelLabs, and Bezeq as its clients. As of May 2021, SAM Seamless protected 2 million networks covering 70 million devices globally. The company expects to grow this number to 10 million networks and 500 million devices, by the end of 2021.
 
 
 
 
 In May 2021, SAM Seamless raised USD 20 million in a Series B funding round led by Blackberry and Verizon Ventures. The company expects to use the funding to accelerate the growth of its product. More specifically, it aims to advance its offering by taking full advantage of 5G edge computing architecture to make faster security decisions for IoT devices. 
 
</div>

Using data and automation to achieve 24/7 production.

Smart Factory

Everactive develops batteryless internet of Things (IoT) systems for industrial applications. The company leverages ultra-low-power semiconductor technology that enables IoT devices to operate continuously using only micro-renewable energy harvested from the environment, such as indoor light or small temperature differentials eliminating the need for batteries.Everactive's self-powered sensors, called Eversensors, are designed for harsh industrial settings and reportedly require up to 1,000x less power than competing circuits. The company's IoT platform includes proprietary energy-harvesting technology, wireless communication protocols, and cloud software to deliver out-of-the-box monitoring solutions. Everactive's initial product offerings focus on steam trap monitoring and machine health monitoring for industrial equipment like motors, pumps, and compressors. In October 2022, Everactive launched its first <a href="https://sp-edge.com/updates/13851?industryIds=6">development kit</a> to allow third-party developers to build their IoT products.Key customers and partnershipsEveractive caters to the food and beverage, consumer packaged goods, chemical processing, pharmaceuticals, and pulp and paper industries.As of September 2024, its notable customers included Anheuser-Busch InBev, Colgate-Palmolive, Kraft-Heinz, Merck, 3M, and the US Air Force.In June 2022, the company partnered with Ubidots, an IoT development platform, to integrate Everactive's batteryless monitoring solutions with Ubidots' visualization and data management tools.

Property owners and real estate companies are able to handle larger portfolios while offering faster and cheaper services.

Residential PropTech

<div>
 
 Matterport is a leading provider of all-in-one 3D data platforms that can make digital twin copies of a real-world place (room, building, or outdoor space) or object. The platform can be used to design, build, operate, and understand any space. The technology is currently available to many industries, including the real-estate sector. According to the company, thousands of businesses across more than 130 countries have used Matterport, including large enterprises as well as startups. In February 2024, Matterport launched 
 <a href="https://sp-edge.com/updates/26675">
 Property Intelligence
 </a>
 , an AI-powered tool that allows users to automate measurements, layouts, and editing, with reporting capabilities generated from a Matterport digital twin of their property.
 
 
 In the real-estate sector, Matterport enables companies to scan properties they list and provide a digital copy to their clients. By just clicking the links, clients can walk through the houses to see every little detail at any time. Its clients include Coldwell Banker, Sotheby&rsquo;s International Realty, and Redfin.
 
 
 Matterport offers a range of plans to suit different needs and budgets. The Free Plan costs USD 0 per month and allows one Active Space and two Users. For those requiring more capacity, the Starter Plan is priced at USD 12 per month, providing 5&ndash;20 Active Spaces and three Users. The Professional Plan at USD 65 per month increases the limit to 20&ndash;150 Active Spaces and 10 Users. For larger operations, the Business Plan is available at USD 321 per month, offering 100&ndash;300 Active Spaces and 50 Users.
 
 
 In May 2024, the company launched a tool for select enterprise customers to measure avoided carbon emissions by using its digital twin platform instead of traveling for on-site inspections. The tool calculates savings based on factors like digital spaces created and site visits, with reports tailored to different uses such as marketing or construction. Matterport claims this helps businesses track sustainability benefits and support environmental goals.
 
 
 In January 2022, Matterport acquired Enview, an AI-based 3D spatial data analytics platform. Through this acquisition Matterport was to leverage Enview&rsquo;s technology to support the development of its spatial data analytics platform which would be capable of providing insights and business intel by optimizing operations and management on any physical space. The company also acquired real estate marketing platform 
 <a href="https://sp-edge.com/updates/11509?industryIds=37">
 VHT Studios
 </a>
 in June 2022. This was done in order to integrate VHT Studios&rsquo; digital marketing services into Matterport's 3D digital twin technology and expand its product offerings to enter other verticals such as commercial real estate, travel and hospitality, and the retail sector.
 
 
 In July 2021, Matterport merged with the special-purpose acquisition company (SPAC) Gores Holding VI at an equity valuation of USD 2.9 billion. As part of the transaction, the company received approximately USD 605 million in cash (net of fees) including around USD 310 million (net of redemptions) from the SPAC and USD 295 million in additional financing led by investors Tiger Global Management, Senator Investment Group, and Dragoneer Investment Group.&nbsp;
 
 
 In April 2024, Matterport 
 <a href="https://sp-edge.com/updates/28692">
 entered into a definitive agreement
 </a>
 to be acquired by CoStar Group in a cash and stock transaction valued at USD 5.50 per share, comprising an equity value of nearly USD 2.1 billion and an enterprise value of approximately USD 1.6 billion based on the closing price for CoStar Group common stock on April 19, 2024.
 
 
 Matterport reported total revenue of USD 157.7 million for FY2023 (up 16% YoY), compared to total revenue of USD 136.1 million recorded in FY2022. Despite this, the company incurred a non-GAAP net loss of USD 65.8 million for FY2023, compared to a non-GAAP net loss of USD 116.7 million in FY2022. For FY2024, Matterport expects to generate total revenue in the range of USD 173 million &ndash; 183 million (implying a YoY growth of 19%&ndash;22%).&nbsp;
 
 
 Key customers and partnership
 
 
 In June 2023, Matterport 
 <a href="https://sp-edge.com/updates/19236">
 partnered with CompuSoluciones,
 </a>
 a Mexico-based technological solutions distributor for companies, to utilize its sales teams to enter and distribute its digital twin platform, Pro3 and Pro2 cameras targeted at SMEs, and other enterprises within Mexico and Colombia.
 
 
 In June 2024, Matterport partnered with FBS, the owner of the Flexmls platform, to enhance MLS listing processes. This partnership allows Flexmls users to easily upload Matterport digital twins and automatically populate property details like room names and dimensions into their listings, saving time, reducing errors, and providing more accurate property data for real estate professionals and buyers.
 
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Using online platforms, autonomy, electric and fuel-cell tech solutions to shape the future of trucking.

Truck Industry Tech

Einride is a Swedish startup developing technology for both autonomous and electric trucks. Its product portfolio includes the freight-hauling autonomous Class 8 trucks “Pods,” electrified commercial mobility solutions “E-trucks,” electric semi-trailer <a href="https://sp-edge.com/updates/10558">“Einride Trailer,” </a>its operating system “Saga”—an IoT-based system that runs through Einride’s vehicles <a href="https://sp-edge.com/updates/14209">(also offered to third parties), </a>a developer application programming interface called <a href="https://sp-edge.com/updates/10558">“Einride Extend”; </a>and charging stations called <a href="https://sp-edge.com/updates/14209">“Einride Stations.” </a>The company offers electric trucks to customers across Europe, US, and <a href="https://sp-edge.com/updates/19012">the UAE. </a>It also has approval to launch its autonomous trucks in countries including Sweden, <a href="https://sp-edge.com/updates/11283">the US, </a>and <a href="https://sp-edge.com/updates/13069">Germany.&nbsp;</a>&nbsp;Einride offers its products on a subscription-based delivery-as-a-service business model. The subscription includes the use of Einride's electric and autonomous trucks, access to its routing software, and maintenance services.Key customers and partnershipsEinride’s customers using its electric trucking solutions include <a href="https://sp-edge.com/updates/9350">A.P. Moller-Maersk </a>(US), Bridgestone (US), <a href="https://sp-edge.com/updates/9350">Beyond Meat </a>(US), <a href="https://sp-edge.com/updates/35190">PepsiCo</a> (US), Lidl (Sweden), <a href="https://sp-edge.com/updates/11100">Oatly </a>(Sweden and US), <a href="https://sp-edge.com/updates/25917">Mars </a>(Europe), Heineken (Netherlands and Germany), <a href="https://sp-edge.com/updates/15017">AB InBev </a>(Benelux region), PepsiCo snack food subsidiary <a href="https://sp-edge.com/updates/17838">Walkers </a>(UK), <a href="https://sp-edge.com/updates/18586">REWE </a>(Germany), and <a href="https://sp-edge.com/updates/19409">PostNord </a>(Sweden and Norway). Its customers that use the autonomous version of its trucks include <a href="https://sp-edge.com/updates/24002">GE Appliances </a>(US).&nbsp;Einride has truck purchase agreements with automakers including Mercedes-Benz (120 trucks for deployments in Europe; <a href="https://sp-edge.com/sectors/commerce-and-hospitality/updates/7396">December 2021) </a>BYD (200 trucks for US deployments; <a href="https://sp-edge.com/updates/8645">February 2022) </a>, Scania (110 trucks for deployment in Europe; <a href="https://sp-edge.com/updates/11190">May 2022), </a>DAF Trucks (50 electric trucks; <a href="https://sp-edge.com/updates/18731">May 2023) </a>and Paccar (150 trucks, <a href="https://sp-edge.com/updates/29863">May 2024), </a>which would be retrofitted with Einride’s autonomous/operating software.&nbsp;Key competitors: None comparable (Einride is the only company in the Truck Industry Tech that offers battery-electric and autonomous trucking solutions.)

Technologies bringing about a new reality

Extended Reality

<div>
 
 Matterport is a spatial data company that focuses on digitizing and indexing real-world spaces and structures. Its product offering enables users to create any space into an interactive 3D version, which can then be used to design, build, operate, promote, and better understand the space. Matterport&rsquo;s offering has applications in a wide range of industries including real estate, 3D photography, retail, travel &amp; hospitality, homeowners, insurance, construction, and facilities management. Matterport&rsquo;s spatial data capturing solutions include an iOS and Android app that lets users capture spaces with their smartphones freehand or using its phone mount (&ldquo;Matterport Axis&rdquo;) and a selection of cameras with varying degrees of dimensional accuracy and image quality. The company also provides the option to directly hire technicians to capture spatial data. 
 
 
 The company also offers an AI platform (named Cortex) that transforms scanned data into interactive 3D models and blurs out any human faces. Users can then edit, add, modify, embed content, and annotate the spaces accordingly to create videos and guided tours and publish them to social media, email, websites, or Google Street View, VRBO, Realtor.com, and other platforms. The platform&rsquo;s measurement mode also allows users to take accurate measurements within the 3D model. Furthermore, Matterport&rsquo;s APIs and SDKs can be used to build custom apps and create new 3D experiences.
 
 
 As of December 2022, the company had 590 employees across its 6 global offices and had a customer base of ~700,000 subscribers spanning 150+ countries. Matterport operates a subscription-based model for its platform, with a free-to-use version, two paid plans priced at USD 10 and 70 per month, and a custom enterprise plan.
 
 
 The company&rsquo;s strategic acquisitions include Enview (January 2022), a 3D spatial analytics company, for USD 37 million. The acquisition is expected to accelerate the development of Matterport&rsquo;s spatial data analytics platform to optimize operations and management of physical spaces. Other acquisitions include Arraiy (July 2019), a startup that developed AI-based technologies to overlay digital content onto physically captured spaces in the film industry, and Virtual Walkthrough (July 2016), a UK-based startup that focused on virtual tours for commercial and residential properties.
 
 
 Funding and financials
 
 
 Matterport was listed on NASDAQ in July 2021 through a SPAC deal and raised USD 640 million in gross proceeds at a 2.9 billion valuation. In FY2023, revenue grew by 16% YoY to USD 157.7 million, although its net loss widened by 79% YoY to USD 199.1 million. The company forecasts revenue growth of 11% per annum from FY 2024-2026.
 
</div>

Electrifying passenger and commercial travel

EV Economy

Einride is a Swedish electric and autonomous (E&amp;A) commercial vehicle developer. The company’s flagship E&amp;A model “Pod” is the first to receive permission to operate on public roads in selected Swedish locations (in 2019). The company’s product portfolio also includes “E-trucks,” electric semi-trailer “Einride Trailer,” its operating system “Saga”—an IoT-based system that runs through Einride’s vehicles (also offered to third parties), and charging stations known as “Einride Stations.”In <a href="https://einride.tech/press/first-smartcharger-station-opens/">November 2023</a>, Einride opened its first charging station in Sweden, with plans to introduce charging stations to the US. The stations are capable of serving up to 200 vehicles and are available for both Einride customers and third-party fleets. Additionally, the company’s intelligent freight mobility platform Einride Saga can generate operational KPIs, track progress toward achieving emission targets and provide actionable operational insights using data gathered from customers’ transport ecosystem.In <a href="https://sp-edge.com/updates/11283">June 2022</a>, the company received approval from the National Highway Traffic Safety Association (NHTSA) to operate Pods without a safety driver on US roads, and also announced the launch of its trucks in Germany in <a href="https://sp-edge.com/updates/13069">September 2022</a>.Key customers and partnershipsEinride launched its operations in the US in October 2021 and has onboarded several high-profile customers like Bridgestone, GE Appliances, and <a href="https://sp-edge.com/updates/11101">Oatly</a> (a Swedish food company). In March 2022, the company partnered with <a href="https://sp-edge.com/updates/9350">Maersk</a> to supply 300 E-Trucks, following which it partnered with <a href="https://sp-edge.com/updates/12311">Beyond Meat</a> to supply five electric trucks in August 2022. In December 2022, Einride partnered with <a href="https://sp-edge.com/updates/15018">AB InBev</a> to deploy a fleet of its trucks in the Benelux region (Belgium, the Netherlands, and Luxembourg). In April 2023, the company established a three-year partnership with PepsiCo subsidiary <a href="https://sp-edge.com/updates/17898">Walkers</a> (UK) where the latter will use Einride-connected EVs between its manufacturing sites in Leicester and Coventry. Similarly, in <a href="https://sp-edge.com/updates/18586">May 2023</a> the company partnered with German supermarket chain REWE to supply trucks for deployments in Germany. In June 2023, Einride partnered with <a href="https://sp-edge.com/updates/19409">PostNord</a> to electrify the latter's fleet in Norway. In <a href="https://sp-edge.com/updates/24002">November 2023</a>, the company partnered with GE Appliances again to launch long-term autonomous truck operations.In <a href="https://sp-edge.com/updates/26431">February 2024</a>, Einride partnered with Heineken to deploy electric trucks to transport beer from Heineken's brewery in the Netherlands to a distribution center in Germany.In <a href="https://sp-edge.com/updates/19012">May 2023,</a> the company signed a Memorandum of Understanding with the United Arab Emirates (UAE) Ministry of Energy and Infrastructure to make Einride’s full-freight mobility offering (which includes 2,000 electric trucks, 200 autonomous trucks, and eight charging stations with over 500 charging points) available across the UAE’s “Falcon Rise” grid, a stretch of 550 km (341 miles) across Abu Dhabi, Dubai, and Sharjah. The freight ecosystem will be optimized and monitored using the “Einride Saga” platform.Einride also has truck purchase agreements with automakers including Mercedes-Benz (120 trucks for deployments in Europe; December 2021) BYD (200 trucks for US deployments; <a href="https://sp-edge.com/updates/8645">February 2022</a>), Scania (110 trucks for deployment in Europe; <a href="https://sp-edge.com/updates/11190">May 2022</a>), DAF Trucks (50 electric trucks; <a href="https://sp-edge.com/updates/19012">May 2023</a>), and Mars (300 trucks; <a href="https://sp-edge.com/updates/25917">January 2024</a>). The company also has a partnership with the tire-making company Bridgestone (August 2021) to integrate its smart-sensing tire technology into Einride’s vehicles.Funding and financialsIn <a href="https://sp-edge.com/updates/15176">December 2022 </a>, the company raised USD 500 million in equity and debt financing to fund geographical expansion into new and existing markets across Europe and North America. In May 2021 Einride raised USD 110 million in a Series B round. The proceeds were to be used to scale up deployments with major customers in Europe and the US.

Additive manufacturing makes objects by systematically adding material via a CAD program

Additive Manufacturing

<div>
 
 Fabric8Labs develops 3D printer systems based on its proprietary electrochemical additive manufacturing (ECAM) technology, which uses water-based feedstock containing dissolved metal ions to build at the atomic level. These materials can be directly printed onto temperature-sensitive substrates like printed circuit boards (PCBs) and silicon. This enables micron-scale feature resolution, complex internal features, printing from high-purity materials like pure copper, and enabling scalability for mass manufacturing. This also makes Fabric8Labs&rsquo; solutions suitable for electronics, medical devices, communications systems, and semiconductor manufacturing.
 
 
 The company claims that its ECAM technology helps to reduce greenhouse gas emissions by over 90% compared with alternative additive technologies and traditional manufacturing.
 
 
 Funding and financials
 
 
 In February 2023, Fabric8Labs 
 <a href="https://sp-edge.com/updates/16205?industryIds=71">
 raised USD 50 million
 </a>
 in Series B funding to scale the ECAM technology and to establish a pilot production facility in San Diego, which was reported to potentially increase the company&rsquo;s headcount by 3x over the following 12 to 18 months.
 
</div>

Digitizing the commercial real estate value chain

Commercial PropTech

<div>
 
 Matterport, founded in 2011, is a spatial data company that specializes in creating 3D digital twins of physical spaces. The company's proprietary technology enables the capture of dimensionally accurate, photorealistic virtual tours of properties using various camera technologies, including smartphones and its flagship LiDAR-based Pro3 camera. At the core of Matterport's offering is Cortex, an AI-powered software engine that automatically generates 3D digital twins and virtual tours while providing detailed property insights.
 
 
 
 
 As of 2024, Matterport has digitized over 12 million spaces across 177 countries, representing more than 38 billion square feet of digital property. The company's technology finds applications in multiple sectors, including residential and commercial real estate, hospitality, retail, and industrial spaces. Matterport's product lineup includes 3D cameras, the Matterport Capture mobile app, and a web-based platform for managing and sharing 3D models. In 2023, Matterport reported revenue of USD 158 million, representing a 16% year-over-year growth.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 
 Matterport's technology has been adopted by various industries, with real estate being a primary focus. CoStar Group, a major player in online real estate marketplaces, features nearly 300,000 Matterport digital twins across its platforms, including Apartments.com, LoopNet, and Homes.com. In March 2024, Apartments.com recorded over 7.4 million views of Matterport 3D Tours, with users spending 20% more time on listings featuring these tours.
 
 
 
 
 Matterport has also established partnerships with companies in other sectors. In June 2024, the company announced a collaboration with FBS, a provider of Multiple Listing Service (MLS) technology, to integrate Matterport's 3D tours and property data into the Flexmls platform. This partnership aims to streamline the listing process for real estate professionals and enhance the home search experience for buyers.
 
</div>

AI-based solutions to level the playing field against email threats

Next-gen Email Security

Menlo Security provides cloud-based security solutions centered around its patented Isolation Core technology. This technology creates an "air gap" between users and the internet, isolating the browsing process in the cloud to protect against web-based threats like phishing, drive-by exploits, and zero-day attacks. The company's Cloud Security Platform leverages this Isolation Core to enable secure internet access and browsing without compromising user experience.
Menlo Security's solutions aim to eliminate malware infections, including ransomware, by moving the fetch and execute functions of web browsing away from users' devices and networks. Only safe, non-executable content is rendered on users' devices, providing a seamless browsing experience while mitigating risks. The platform is designed to help organizations embrace cloud transformations securely without sacrificing data visibility, control, or user experience.
In March 2019, Menlo Security partnered with By Light to deliver a cloud-based internet isolation (CBII) solution for the Defense Information Systems Agency (DISA), protecting over 3.5 million users worldwide across the US Department of Defense and its branches. This solution leverages Menlo's Cloud Platform and Isolation Core to secure internet access for defense officials deployed globally.
In January 2023, Menlo Security's Cloud Security Platform powered by its Isolation Core received Authorization to Operate (ATO) at the moderate level under the Federal Risk and Authorization Management Program (FedRAMP). The company also announced the detection of "Highly Evasive Adaptive Threats" (HEAT) that bypass traditional security defenses, highlighting the need for its Zero Trust approach.
Additionally, Menlo Security acquired an undisclosed company in February 2023, expanding its capabilities to address the evolving threat landscape.

Using AI to mimic and understand human language

Natural Language Processing Tools

Avaamo is a deep learning software company that specializes in conversational artificial intelligence (AI) for enterprises. Founded in 2014 by Ram Menon and Sriram Chakravarthy, Avaamo is headquartered in Los Altos, California. The company's AI-powered platform enables businesses to build, deploy and manage intelligent virtual assistants and chatbots across multiple channels.
Avaamo's technology leverages neural networks, natural language processing, and speech synthesis to create human-like conversational experiences. The platform allows organizations to automate customer support, streamline internal processes, and enhance user engagement across industries such as healthcare, banking, telecommunications, and insurance. Avaamo's solutions can understand context, maintain multi-turn conversations, and execute complex tasks.
Key features of Avaamo's platform include natural language understanding, dialogue management, integration capabilities with enterprise systems, analytics, and support for over 100 languages. The company offers both cloud-based and on-premise deployment options. Avaamo's technology processes millions of interactions daily across 40 countries.
Key customers and partnerships
Avaamo works with several Fortune 500 companies across various industries. In 2023, Aditya Birla Capital partnered with Avaamo to implement their next-generation universal intelligent virtual assistant.

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

Digital Twin

Matterport provides all-in-one 3D data platforms that can make digital twin copies of a physical space (room, building, or outdoor space) or object. The platform can be used to design, build, operate, and understand any space, and can be used in many industries, including real estate, travel &amp; hospitality, and manufacturing. The company follows a subscription-based business model with monthly subscription prices ranging between USD 9.99 and USD 689, depending on the number of active models (i.e. spaces) that can be explored, edited, and shared.In September 2023, the company captured and restored a 2,000 year-old Aso Shrine in Japan, which collapsed in 2016 due to an earthquake, as a digital twin. Further in <a href="https://sp-edge.com/updates/31427">July 2024</a>, it achieved Amazon Web Services (AWS)&nbsp; IoT competency status.&nbsp;In January 2022, Matterport acquired Enview, enhancing its spatial data analytics platform for optimizing operations in physical spaces. In<a href="https://sp-edge.com/updates/11509?industryIds=37"> June 2022</a>, the company expanded its offerings by acquiring VHT Studios, integrating digital marketing services into its 3D digital twin technology to enter new industries.&nbsp;Matterport was listed on NASDAQ in July 2021 through a SPAC deal and raised USD 640 million in gross proceeds at a USD 2.9 billion valuation. However, in<a href="https://sp-edge.com/updates/28715"> April 2024</a>, the company was acquired by CoStart Group in a cash and stock transaction with an equity value of USD 2.1 billion. Matterport reported total revenue of USD 157.7 million for FY2023; however, the company incurred a non-GAAP net loss of USD 65.8 million for FY2023.Key customers and partnershipsAccording to the company, thousands of businesses across more than 150 countries have used Matterport, including large enterprises as well as startups. Its clients include Coldwell Banker, Sotheby’s International Realty, and Redfin.Matterport pursued strategic partnerships to drive its pipeline, expand its industry ecosystems, and explore new distribution channels to widen its global reach. The company entered into several key partnerships, including: 1)&nbsp;<a href="https://sp-edge.com/updates/30898">FBS</a> to streamline the property listing process with digital twin technology (June 2024); 2)&nbsp;<a href="https://sp-edge.com/updates/26226">Arcadus</a>, to offer a digital twin platform for the public sector (February 2024); 3) V<a href="https://sp-edge.com/updates/26449">isiting Media</a>, to enhance sales enablement for the hospitality sector (February 2024); 4)&nbsp;<a href="https://sp-edge.com/updates/23936">Belden</a>, to provide advanced connectivity solutions for facilities management (November 2023); 5)&nbsp;<a href="https://sp-edge.com/updates/21999">Procore Technologies</a>, to expand its platform’s ecosystem for design and construction management software services (September 2023); 6)&nbsp;<a href="https://sp-edge.com/updates/19980">Equinox Technologies</a>, to offer its digital twin platform in the Middle East, Africa, and Asia-Pacific regions (July 2023); 7)&nbsp;<a href="https://sp-edge.com/updates/19248">CompuSoluciones</a>, to expand its presence in Mexico and Colombia (June 2023); 8) AWS’s IoT,&nbsp;<a href="https://sp-edge.com/updates/17764">TwinMaker</a>, allowing Amazon’s customers to link real-time IoT data and create digital twins using Matterport's solution (April 2023); and 9)&nbsp;<a href="https://matterport.com/news/matterport-expands-platform-integrations-autodesk-construction-cloud-transform-complex-and">Autodesk</a>, to expand platform integrations with Autodesk Construction Cloud and subsequently became an Autodesk Premium Partner, (March and October 2023).

Taking commercial activities to new heights

Commercial Drone Tech

Iris Automation is a pioneer in developing collision avoidance technology for drones and aircraft. The company's flagship product, Casia, is a detect-and-avoid (DAA) system that enables uncrewed aerial vehicles (UAVs) to detect and avoid other aircraft, both cooperative (transmitting their location) and non-cooperative. Casia uses AI-based computer vision technology to provide real-time airspace awareness, allowing drones to safely navigate increasingly congested airspaces.
Iris Automation offers Casia in two configurations - an onboard system that runs on the aircraft and a ground-based system called Casia G. The onboard Casia provides a 360-degree radial field of view, while Casia G establishes a zone of monitored airspace ideal for operations from fixed or temporary locations. Both versions integrate with autopilot systems to enable automated avoidance maneuvers.
In March 2022, Iris Automation received an FAA waiver allowing autonomous beyond visual line of sight (BVLOS) drone flights using only Casia for air risk mitigation, without requiring visual observers. This marked a significant milestone in advancing BVLOS drone operations.
In October 2023, Iris Automation was acquired by uAvionix, a leading provider of communications, navigation, and surveillance solutions for crewed and uncrewed aircraft. The acquisition combined Iris's optical DAA capabilities with uAvionix's expertise in cooperative aircraft tracking, creating a multi-layered safety architecture for UAS integration into the National Airspace System.

The toolkit to build machine learning applications at scale

Machine Learning Infrastructure

d-Matrix specializes in the development of computing platforms tailored for managing GenAI inferencing workloads within data centers. It aims to overcome memory limitations prevalent in AI computing by advancing high-efficiency digital-in memory compute (DIMC) chips.Its flagship product Corsair, scheduled for commercial release in 2024, serves as an in-memory compute engine engineered to accommodate the entire AI model within the memory, giving developers the flexibility to deploy AI models. Corsair will have 2048 DIMC cores with around 2,400–9,600 TeraFLOPS of AI compute.Funding and financialsIn September 2023, the company raised USD 110 million in a <a href="https://sp-edge.com/updates/21619">Series B</a> funding round led by Temasek. It aimed to use the fresh funds to commercialize its inference compute platform, Corsair. As of the same month, the company expected revenue of USD 10 million in 2023.

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

<div>
 
 d-Matrix is a chip design company specializing in the creation of chips optimized for GenAI applications. The company's core innovation lies in its ability to develop chips that significantly reduce energy consumption while managing the substantial computational demands of AI processing.
 
 
 d-Matrix&rsquo;s first generation of AI hardware products includes the Nighthawk, Jayhawk-I, and Jayhawk II chiplets. These were succeeded by the Corsair C8 compute card, introduced in September 2023. d-Matrix claims the Corsair C8 compute card outperforms NVIDIA&rsquo;s H100 GPU by a factor of nine in GenAI tasks. This AI accelerator utilizes d-Matrix's proprietary digital-in-memory computer (DIMC) technology, providing ample memory capacity for AI models. d-Matrix claims that a cluster of Corsair C8 cards can deliver 20x better power efficiency, 20x lower latency, and up to 30x lower costs compared to similar NVIDIA solutions.
 
 
 In November 2022, d-Matrix partnered with Microsoft to utilize Microsoft's Project Bonsai, a low-code reinforcement learning (RL) platform, to develop an AI-trained compiler for d-Matrix's DIMC products.
 
 
 Funding and financials
 
 
 In 
 <a href="https://sp-edge.com/updates/21619">
 September 2023
 </a>
 , d-Matrix raised USD 110 million in Series B funding. The company planned to utilize the funds to bring its DIMC chiplet-based inference compute platform, named &quot;Corsair,&quot; to the commercial market, with plans for its release in 2024.
 
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UJET is a cloud contact center platform for smartphone-era CX. In addition to modernizing digital and in-app experiences, UJET eliminates customer channel switching between voice, digital, and self-service channels. The platform infuses AI across its services, which helps to automate processes and improve efficiency in customer interactions.  UJET is designed to unify various customer service channels, making it easier for businesses to manage customer relationships.

Nubis Communications is a cloud startup company providing services to the electrical and electronic manufacturing industries. The company was founded in 2020 and is based in New York City Metropolitan Area.

D-Matrix is a computing platform that targets artificial intelligence inferencing workloads in the datacenter. Its mission is to build and deploy the world’s first brain-inspired AI compute engine for a broad class of inferencing workloads in the multi-billion dollar cloud and infrastructure edge markets.

Hydrolix is a data lake platform that revolutionizes the cost efficiency of log data management. The company specializes in assisting organizations to manage large volumes of data effectively. Their platform is built to tackle the challenges of data storage, real-time analytics, and scalability. Hydrolix provides high-performance, cost-efficient data storage solutions optimized for both structured and unstructured data. Their solutions are engineered to scale alongside an organization’s growing data needs, maintaining consistent performance as data volumes expand.

HeadSpin is a developer of a digital experience intelligence platform used to provide flawless digital experiences. Its platform utilizes automation, AI, and analytics to unify end-to-end testing, performance optimization, and experience monitoring with thousands of devices deployed in 100+ locations on the real carrier and WiFi networks around the globe that enable development, QA, operations, and product teams to remotely test and monitor mobile applications and increase revenue.

Hiya is a developer of a caller identification application designed to offer a better phone experience to mobile users worldwide. The company's services identify unknown numbers and automatically blocks scam and spam threats across the globe, enabling users to stay protected and block unwanted calls. Hiya brings trust and identity into the mobile call by making the calling experience secure and engaging on every smartphone globally. With a mission to provide a better phone experience, Hiya’s products and services provide users with the context needed to help them decide whether or not to pick up their phone. Through analysis of more than 13 billion calls per month, Hiya protects over 100 million users from unwanted scam and nuisance calls globally. Hiya is available as a consumer app on Google Android and iPhone and is integrated into the phone experience for AT&T Call Protect, T-Mobile Name ID, and Samsung Galaxy, A-Series, and J-Series users worldwide.

Hadean are a venture backed startup, reimagining distributed, spatial and scalable computing for web 3.0 and the metaverse. The distributed cloud platform provides the foundations of web 3.0 applications for the metaverse and enterprise organisations alike. Bridging physical and virtual worlds, their technology enables unprecedented scale and fidelity in the digital realm to enhance and improve the physical one. Customers include CAE, Microsoft, Minecraft, the Francis Crick Institute, PixelMax and GamesCoin and BAE Systems. Visit: www.hadean.com

Fabric8Labs developed a unique process that is an intuitive combination of two mature technologies: Stereo-Lithography and Electro-Deposition.

Juvo was founded with an overarching vision: to establish financial identities for the billions of people worldwide who are creditworthy, yet financially excluded. In partnership with mobile network operators, Juvo’s proprietary Identity Scoring technology uses data science, machine learning and game mechanics to create an identity-based relationship with anonymous prepaid users, opening up access to otherwise unattainable mobile financial services.   Juvo is a privately held company backed by global business leaders and luminaries in the world of tech, mobile and finance. Its executive team comprises accomplished industry leaders across the data science, consumer internet, financial services and mobile telecom fields.

Founded in 2016, and based in Austin, TX, RapidDeploy is the leading cloud-native platform for public safety. We provide Next Generation 911 solutions that deliver intelligent information throughout the emergency response journey, empowering agencies and first responders to drive better outcomes in mission-critical situations. With a curated partner network, our platform combines mobile signals, critical datasets, and call information into a single operating system, improving emergency response with location accuracy, situational awareness, modern communications, and actionable insights. Our products improve outcomes and ultimately save lives.

SAM protects the connected home by securing threats right at the source. With a software-only solution, SAM uses the network gateway to protect all connected devices in the home. Securing communication between smart devices and the network, means ISPs can ensure their customers are using their connected home in the safest way.

Pluribus Networks is delivering an open, next generation software defined network fabric for modern data centers, multi-site data centers and distributed cloud environments. The Linux-based Netvisor® ONE operating system and the Adaptive Cloud Fabric™ have been purpose built to deliver radically simplified networking along with white box economics by leveraging open networking hardware from our partners Dell EMC, D-Link Systems and Edgecore as well as Pluribus’ own Freedom Series of switches. The Adaptive Cloud Fabric controllerless SDN architecture distributes state and intelligence throughout the network fabric and is optimized to deliver rich and highly secure per-tenant services across data center sites with simple operations and no single point of failure. Pluribus Networks is also embedded in industry leading Network Function Virtualization Infrastructure (NFVi) and distributed cloud solutions which are being deployed in the networks of the world’s largest 5G service providers. Pluribus Networks is a founding member of the Linux Foundation’s LF Edge organization and a member of State of the Edge. Visit pluribusnetworks.com to learn more.

TrueFort powers zero trust application environments with Fortress, the only real-time, behavior based, cloud-to-ground security platform. Fortress leverages advanced behavioral analysis, machine intelligence and automation to reduce excessive trust and related risks, addressing multiple security challenges in a single unified platform with agents you have already deployed.

Pensando Systems is advancing distributed computing designed for the New Edge, powering software-defined cloud, compute, networking, storage, and security services to transform existing architectures into secure, ultra-fast environments demanded by next-generation applications. The platform was developed in collaboration with the largest cloud, enterprise, storage, and telecommunications leaders and is supported by partnerships and investments with HPE, NetApp, Equinix, and multiple Fortune 500 customers.

Everactive's custom ultra-low-power chips enable completely battery-less wireless sensors that form the foundation of end-to-end IoT data services. The company technology allows for low-cost, long-lived, and intelligent instrumentation of industrial operations. Its end-to-end solutions are built upon innovative advances in ultra-low-power circuit design and wireless communication that enable the company to power its Eversensors exclusively from harvested energy.

Sitetracker is a SaaS platform for deploying, operating, and servicing critical infrastructure and technology. The Sitetracker Platform enables growth-focused innovators to optimize the entire asset lifecycle through native platform inclusions like AI, automation, and actionable analytics. From the field to the C-suite, Sitetracker enables stakeholders to optimize how they plan, deploy, maintain, and grow their capital asset portfolios. Market leaders in the telecommunications, alternative energy, and utility industries — such as Ericsson, Fortis, Google, British Telecom, and Vodafone — rely on Sitetracker to manage millions of sites and projects representing over $25 billion of portfolio holdings globally.

Iris Automation is a safety avionics technology company pioneering on- and off-board perception systems and aviation policy services that enable customers to build scalable flight operations for commercial crewed and uncrewed aircraft; unlocking the potential of countless industries.  Iris’ Casia system runs either onboard the aircraft or in a ground-based configuration, allowing them to fly safely with minimal human intervention. The company works closely with civil aviation authorities globally as they implement regulatory frameworks ensuring uncrewed aircraft flight beyond visual line of sight (BVLOS) is conducted safely, partnering on multiple FAA UAS Integration Pilot Programs, NASA's Unmanned Traffic Management program, and Transport Canada's BVLOS Technology Demonstration Program. Iris is recognized by AUVSI as the number one Technology and Innovation Leader for 2020.

Weaveworks simplifies operating Kubernetes workloads and provides a developer-centric operating model for cloud-native applications.  Founded in 2014, Weaveworks makes it fast and simple for developers and DevOps teams to build and operate powerful containerized applications. They minimize the complexity of operating workloads in Kubernetes by providing automated continuous delivery pipelines, observability, and monitoring.  It is one of the first members of the Cloud Native Computing Forum. Weaveworks also contributes to several open-source projects, including Weave Scope, Weave Cortex, and Weave Flux.

Einride is a freight technology company providing digital, electric, and autonomous shipping. It was founded in 2016 and became the world’s first company to operate an autonomous, electric freight vehicle on a public road in 2019. Einride´s award-winning technology and products enable users to execute on electrification and automation, order and track shipments, oversee routes and assignments, visualize data and gain insights.

Giga is a global initiative to connect every school to the Internet and every young person to information, opportunity, and choice.

Amexci is a manufacturing company that specializes in producing additive products such as metals, polymers, and layer parts.

Avaamo is a deep-learning software company that specializes in conversational interfaces to solve specific, high impact problems in the enterprise. Avaamo is building fundamental AI technology across a broad area of neural networks, speech synthesis and deep learning to make conversational computing for the enterprise a reality.

Matterport is a spatial data firm dedicated to digitizing and indexing the built environment. Its all-in-one 3D data platform allows anyone to transform a location into an exact and immersive digital twin that can be used to design, develop, operate, promote, and comprehend any environment.

Menlo Security provides a cloud-based isolation platform that protects organizations from cyberattacks by eliminating the threat of malware from websites, documents, and emails. Menlo Security is trusted by major global businesses, including Fortune 500 companies and financial services institutions, and backed by Vista Equity Partners, Neuberger Berman, General Catalyst, Sutter Hill Ventures, Engineering Capital, Osage University Partners, American Express Ventures, Ericsson Ventures, HSBC, and JP Morgan Chase.  Menlo Security was founded in 2012 and headquartered in Mountain View, California.

Realm (formerly tight.db) is a mobile database that enables its users to develop applications faster, develop applications that are fast, and craft amazing user experiences. Realm is a replacement for SQLite & Core Data. It can save users thousands of lines of code & weeks of work, and lets them craft amazing new user experiences. It is a Y Combinator company, headquartered in San Francisco.

Drawbridge is on a mission to leverage artificial intelligence and machine learning to build and democratize scaled identity technologies. Today, Drawbridge is the go-to destination for cross-device, people-based identity management solutions, with clients from every industry leveraging our technology to provide great experiences for their customers. The company is headquartered in Silicon Valley, is backed by Sequoia Capital, Kleiner Perkins, and Northgate Capital. Drawbridge has been listed on CNBC’s annual Disruptor 50 list of groundbreaking companies twice, named one of Fortune’s 50 Companies Leading the AI Revolution, and has been included on the Inc. 500 list of fastest growing companies in America for two consecutive years.

NanoSemi develops intellectual property based upon machine learning to improve communication and other systems.

NodePrime is infrastructure without limits. NodePrime helps service providers, SaaS players and online gaming companies reliably operate massive IT infrastructures.

Nicira Networks is accelerating the transformation to cloud infrastructure by delivering software that virtualizes the network and enables elastic, scale-out data centers.  The company was founded by networking research leaders from Stanford University and University of California at Berkeley, and is led by proven entrepreneurs in networking, security and virtualization.

ReefEdge, Inc. is a provider of wireless local area network systems for multi-site enterprises to deploy, manage, and secure wireless networks.  ReefEdge Inc. develops technologies for in-building wireless networks. Founded in Spring 2000, ReefEdge products allow the emerging generation of mobile devices to become full participants in the corporate networking environment. ReefEdge provides secure, reliable, managed connectivity for mobile devices equipped with short-range wireless capabilities such as Bluetooth and makes possible the deployment of new kinds of ''smart'' mobile applications that deliver personalized, location-aware and collaborative services. The company boasts a seasoned executive team with years of experience delivering products and solutions to enterprise customers, with former executives from IBM, AT&T, Telcordia and Prodigy.

AirClic, Inc. provides mobile business solutions in the United States. It captures and accesses information about workers, assets, inventory, activities, GPS location, and time, as well as supports various hardware devices to capture data in the fields. The company also provides business process mobilization solutions, as well as proof of delivery/services, logistics and transportation management, inventory management, security, operations and supply chain management, field services, customer communications, and time and expense management services.   AirClic, Inc. was founded in 1999 and is headquartered in Trevose, Pennsylvania.

Ericsson Ventures is a venture capital and private equity firm that invests in innovative companies. It specializes in the fields of finance, financial services, and venture capital It was founded in 1876 and headquartered in Santa Clara, California.

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