<div>
  <ul>
    <li>
      <p>
        Miso Robotics, a kitchen automation company, has partnered with Amazon Web Services (AWS) to test its software powering &ldquo;Flippy 2&rdquo; and &ldquo;Flippy Lite&rdquo; at scale, using AWS RoboMaker, a cloud-based simulation service.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        The partnership will allow Miso Robotics to run up to 50 simulations simultaneously. The company believes that this would help them to turn future prototypes into functional products quickly.
      </p>
    </li>
  </ul>
  <p>
    &lt;ul&gt;&lt;li&gt;
    <b>Analyst QuickTake:</b>
     Miso Robotics&rsquo; 
    <a href="https://sp-edge.com/updates/6360">
      Flippy 2, introduced last November
    </a>
    , can load, fry, and place the items in a hot holding area without assistance and can handle up to 60 baskets per hour. 
    <a href="https://misorobotics.com/newsroom/miso-announces-flippy-lite-frying-and-seasoning-robot-for-restaurants/">
      Flippy Lite was added to the Flippy product lineup earlier in March
    </a>
     and is designed to focus on a single food item that needs seasoning and finishing.&lt;/ul&gt;
  </p>
</div>


<div>
  <p>
    <a href="https://www.prnewswire.com/news-releases/miso-robotics-announces-collaboration-with-aws-to-test-robots-at-scale-301562542.html">
      Press Release
    </a>
  </p>
  <p>
    <a href="https://www.newsbreak.com/news/2628918967928/miso-robotics-partners-with-aws-to-test-its-burger-flipping-kitchen-robots">
      News Break
    </a>
  </p>
</div>


Restaurant Industry Robotics

Miso Robotics partners with AWS to test robotic software at scale

Disrupting the traditional financial system using blockchain

Decentralized Finance (DeFi)

PROMINENT_CATEGORY

<div>

 <p>Sonne Finance, a DeFi lending protocol, recently suffered a loss of USD 20 million in USDC and Wrapped Ethereum tokens due to an exploit in its Optimism chain. Following the attack, Sonne Finance decided to suspend its Optimism Market, while its markets operating on Base, a supported layer-2 network, weren't affected. Both the vulnerability that led to the exploit and the identity of the attackers are currently being investigated.</p>
 <p>This DeFi lending protocol provided by Sonne Finance is an open-source decentralized system constructed on the Optimism chain. It offers users the ability to lend and borrow a variety of cryptocurrencies. Users are allowed to deposit their cryptocurrency assets, use these deposits as collateral, get loans against these assets, or earn yield from lending them out.&nbsp;</p>
 
</div>

Sonne Finance loses USD 20 million in hack

Data Infrastructure & Analytics

<div>
<p>Hevo Data, a SaaS company providing a data pipeline platform, became a member of Snowflake Partner Connect, a part of Snowflake's Data Cloud. With this integration, Snowflake users can directly utilize Hevo Data’s ELT platform. This simplifies data management and transfer, enhancing efficiency of data integration and analytics.</p>
</div>

Hevo Data partners with Snowflake for streamlining data engineering and analytics

A decentralized version of the web powered by the blockchain

Web3 Ecosystem

<div>
 
 <p>Lens Lab, a developer specializing in decentralized social media protocol for Aave, plans to introduce the Lens Network. This launch aims to support Web3 social media applications. Additionally, a new version of its decentralized social network, known as the Lens Protocol, will be hosted on this network. </p>
 <p>The Lens Network is a layer-2 protocol, built using the modular ZK stack infrastructure from Matter Labs. This development provides the backbone for high-throughput as well as account abstraction for transactions that are both gasless and signless.</p>
 <p>Additionally, the network will make it possible for integrations with the Ethereum Virtual Machine (EVM) and blockchains that are not compatible with EVM. This will pave the way for the creation of Lens-based social applications on a range of different networks.</p>
 
</div>

Lens Lab to launch layer-2 network for Web3 social media apps

Sustainably solving the food shortages of the future

Smart Farming

<div>
 
 <p>Lumo, a startup that develops smart irrigation technology, has successfully raised USD 7 million in a recent funding round. This funding round was led by Active Impact Investments and Fall Line Capital.</p>
 <p>The company plans to use the funding to further its research and product development activities. It will also be used to accelerate the expansion of Lumo's market reach.&nbsp;</p>
 <p>Established in 2021, Lumo is an AgriTech company based in California, specializing in innovative irrigation solutions. As of May 2024, the "Lumo One Smart Valve" and "OPS Centre", major products of Lumo, have gained significant adoption among leading growers in Napa, Sonoma, and the Central Coast.</p>
 
</div>

Lumo secures USD 7 million in venture funding to support product development and expansion

Giving creators the power of content monetization and audience engagement.

Creator Economy

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

<div>
 <p>Rumble, a video-sharing platform, is suing Google for purportedly carrying out anticompetitive practices within its digital advertising business. The lawsuit is claiming over USD 1 billion in damages.</p>
 <p>The platform accuses Google of establishing a monopoly in the ad tech stack via the acquisition of companies. These companies represent both buyers and sellers in the digital advertising ecosystem. Rumble suggests this supposed monopoly enables Google to impose anticompetitive transaction fees and bind users to its platform.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> Rumble's lawsuit against Google for alleged anti-competitive digital advertising practices represents an ongoing battle between tech giants and smaller players in the industry. This lawsuit, along with <a href="https:<br>
//www.androidcentral.com/youtube-rival-rumble-accuses-google-unfair-practices-over-video-search-results"> Rumble's ongoing 2021 lawsuit against Google, </a> highlights concerns about monopolistic practices and unfair competition in the digital advertising market. To overcome these challenges, there needs to be increased scrutiny and regulation of Big Tech companies to ensure a level playing field for all participants.</p>

Rumble files USD 1 billion lawsuit against Google for anti-competitive digital advertising practices

<div>
 
 <p>Zeta Markets, a Solana-powered decentralized exchange (DEX), has garnered USD 5 million in recent funding led by Electric Capital, with contributions from Digital Asset Capital Management, Selini Capital, and Airtree Ventures, among others. This financing round increases the firm's total funding to USD 13.5 million.</p>
 <p>Zeta Markets intends to employ this capital in revamping its DEX, expanding its team, refining its market approach, and accelerating its proposed layer-2 (L2) network's development. The company plans to unveil the testnet of its rollup in the fourth quarter of 2024, followed by the mainnet in the first quarter of 2025.</p>
 <p>The Singapore-based enterprise provides a DEX platform founded on the Solana blockchain, facilitating the trading of various crypto-derivative products. The company is also working on what it asserts to be the first DeFi L2 built on Solana. The solution aims to enhance the platform's order latency and throughput to match that of a centralized exchange, while preserving its self-custodial nature. The L2 network plans to operate through central limit order books (CLOB) and permit users to directly bridge from the Solana blockchain and start trading.</p>
 
</div>

Zeta Markets raises USD 5 million in strategic funding

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

<div>
 <p>Glydways, a company specializing in the development of autonomous on-demand personal rapid transit (PRT) systems, has recently garnered an extra USD 20 million in funding. This financial support originates from several Japanese corporations, such as Suzuki Motors, ENEOS Holdings, and Mitsui Chemicals. Consequently, the total funding raised by Glydways to date exceeds USD 100 million.</p>
 <p>In addition to this monetary achievement, Glydways also announced a potential partnership with Suzuki, which would establish the automobile manufacturer as the company's automotive manufacturing partner. Furthermore, Glydways plans to strengthen ties with all its investors—both new and existing—to facilitate knowledge exchange and prepare for future advancements.</p>
 <p>The signature product of Glydways is autonomous electric vehicles, dubbed “Glydcars.” This PRT system showcases an impressive transportation capacity, being able to transport as many as 10,000 individuals per hour per lane/direction on its unique lanes. At present, Glydways is engaged in two project ventures in Northern California: the first is a 4.4-mile airport connector stationed in San José, and the second is a 28-mile system aiming to connect four inadequately served communities located in the eastern part of Contra Costa County.</p>  
</div>

Glydways raises USD 20 million from Japanese investors; seeks partnership with Suzuki to manufacture vehicles

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

Edge Computing

<div>

<p>DataBank, an Edge data center colocation provider, has announced projects to build two new data centers in Orangeburg, New York, as a response to the increasing demand for IT infrastructure and services. The first one, LGA3, will offer 200,000 sq ft of data center capacity and is expected to be fully operational by early 2025. This center will provide the capability to deliver 30 MW of critical power, with the potential to expand it to 45 MW through an on-site substation. The company has also begun planning for a second facility, LGA4.</p>

</div> <p><b>Analyst QuickTake:<br>
</b> In April 2024, DataBank secured <a href="https:<br>
//sp-edge.com/updates/28498"> USD 725 million in debt financing </a> to accelerate construction projects throughout several US cities and bolster its data center infrastructure. Presently, the company oversees a network of 69 data centers, collectively supporting a critical IT load of 473 MW.</p>

DataBank to develop data centers at Orangeburg Data Center campus

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

<div>
 
 <p>During the annual Google I/O developer conference, Google presented its next generation of Tensor Processing Units (TPU), Trillium. The new TPUs are set to be released later this year.</p>
 <p>With a number of improvements over the previous generation, Google's Trillium offers a 4.7x increase in compute performance per chip. It also provides wider matrix multiply units (MXUs), higher clock speed, and a doubled memory bandwidth. In terms of energy-efficiency, the new chips surpass their predecessors by 67%.</p>
 <p>What sets these chips apart is the third generation of SparseCore, an accelerator specially devised for the processing of large-scale embeddings, which are frequently encountered in complex recommendation or ranking tasks. This feature allows Trillium TPUs to train models with increased speed and lower latency.</p>
 
</div>

Google unveils sixth generation of TPU chips at I/O 2024 conference

The toolkit to build machine learning applications at scale

Machine Learning Infrastructure

<div>
 
 <p>Google introduced its newest Tensor Processing Units (TPU), Trillium, at the annual Google I/O developer conference, which is set to be launched later in the year. Several improvements have been made to Trillium compared to its predecessors. These include an increase in compute performance per chip by 4.7 times, expanded matrix multiply units, heightened clock speed, and two times the memory bandwidth. The chips are also 67% more energy-efficient than the last generation.</p>
 <p>Unique to these chips is the inclusion of the third generation of SparseCore, an accelerator designed specifically for managing large-scale embeddings often seen in complex recommendation or ranking tasks. This allows Trillium TPUs to train models at a faster rate and serve them with reduced latency.</p>
 
</div>

All Updates