<div>
  <ul>
    <li>
      <p>
        Incode Technologies, a provider of facial recognition-based identity verification and authentication solutions, has entered into a strategic partnership with Hudini, a provider of smart hospitality solutions based in Singapore, to offer facial recognition-based identity verification solutions for Hudini customers.
      </p>
    </li>
    <li>
      <p>
        Through the partnership, Hudini&rsquo;s network of 300+ hotels across 25 countries, will be able to offer guests fast and convenient services during the check-in and check-out processes by using Incode&rsquo;s digital biometric solutions. Guests will also be able to perform other activities like accessing a digital key, ordering amenities, room service, and making payments verifying identity using their faces.
      </p>
    </li>
    <li>
      <p>
        To offer the service, Hudini will create a digital profile of each guest from existing information on IDs and payment sources.
      </p>
    </li>
  </ul>
  <p>
    &lt;ul&gt;&lt;li&gt;
    <b>Analyst QuickTake: </b>
    This is the third such partnership Incode entered into within a span of three months, expanding its global presence in the hospitality sector. The company entered into a similar partnership last month with 
    <a href="https://sp-edge.com/updates/11364">
      INTELITY 
    </a>
    and another one with 
    <a href="https://sp-edge.com/updates/10294">
      Jumeirah Group
    </a>
     in May to offer similar services.&lt;/ul&gt;
  </p>
</div>


<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20220705005129/en/Hudini-and-Incode-Technologies-Enter-Strategic-Partnership-to-Digitally-Transform-the-Hospitality-Experience">
      Press release
    </a>
  </p>
</div>


Facial Recognition

Incode Technologies enters into strategic partnership with Hudini to serve hospitality sector

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

<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

ANALYST_QUICK_TAKE

<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

INCUMBENTS_PRESENT

<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>

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

<div>
 
 <p>SensiML, a QuickLogic subsidiary focused on AI/ML software for IoT development, has launched an open-source AutoML solution for developing Edge AI/ML applications via its Analytics Studio application. The service adopts automated ML technology to allow developers with limited data science skills to create ML models for IoT microcontrollers and Edge system-on-a-chip (SoC).</p>
 <p>This strategy, according to the company, will foster the adoption of Edge AI/ML, improve end-user flexibility, and boost sales of SensiML's SaaS and its private-label tooling value. Founded in 2017, SensiML offers software for ultra-low-power IoT endpoints to transform raw sensor data into meaningful insights directly on the device. Its key product, the SensiML Analytics Toolkit, provides a complete platform for data collection, labeling, algorithm and firmware auto-generation, and testing.</p>

</div>

SensiML launches open-source AutoML solution to develop Edge AI/ML applications

Managing employee health-related benefits

Health Benefits Platforms

<div>
 
 <p>Truveris, a provider of a pharmacy benefit management platform, has secured USD 15 million in a Series E funding round. It was co-led by Canaan Partners and New Leaf Venture Partners, taking the total funds raised by the company to USD 69 million.</p>
 <p>The investment will finance the next development phase of the company and enable the expansion of operations across US employers.</p>
 <p>The company develops software solutions designed to promote transparency, accessibility, and affordability in the pharmacy benefits sector. It offers tools and services for employers, health plans, and unions to manage and optimize pharmacy benefit programs. By using data analytics and pricing algorithms, Truveris' platform analyzes drug prices and claim data to aim at cost reduction and improved outcomes for plan sponsors and members.</p>
 
</div>

Truveris raises USD 15 million in Series E funding

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

Telehealth

<div>
 
 <p>TytoCare, an online primary care provider, has grown its school health program with the integration of its services by five new healthcare systems. This advancement broadens primary and acute care services to more than 2,500 schools across 31 US states.</p>
 <p>The collaborations will enable TytoCare to introduce its AI-aided Pro Smart Clinics to school clinics, providing remote access to primary, urgent, and specialized healthcare. Health workers will have access to real-time patient data via the company's connected device, which measures various health parameters. The company's AI-assisted Home Smart Clinic provides a similar service for home consultations.</p>
 
</div>

TytoCare partners with five healthcare systems to expand telehealth services in US schools

Promising research and receding stigma are giving investors cannabis-boom flashbacks.

Psychedelic Medicine

<div>
 <p>Enveric Biosciences, a biotech company based in Florida, has entered into a non-binding agreement to out-license its novel psilocin prodrugs (NPP) to Vancouver-based firm MindBio Therapeutics. </p>
 <p>The collaboration will allow MindBio to utilise Enveric's NPP molecules, designed to release therapeutic levels of systemic psilocin, in the advancement of treatments for neuropsychiatric conditions such as depression. As part of the deal, MindBio will be responsible for all future preclinical, clinical, and commercial development, offering Enveric payments for development and sales milestones totalling USD 66.5 million upon fulfilment of specific conditions, as well as future sales royalties. Additionally, the agreement gives MindBio the right to sublicense the technology and cash buyout options.</p>
 <p>As a top biotech company, MindBio Therapeutics is committed to developing novel mental health treatments. They specialise in microdosing psychedelic medicines and carry out clinical trials aimed at major depressive disorder and existential distress in cancer patients.</p>
</div>

All Updates