<div>
  <ul>
    <li>
      <p>
        BigCommerce, a no-code platform for building e-commerce websites has launched &ldquo;Big Open Data Solution&rdquo; a customer analytics product that lets merchants aggregate, analyze, and utilize online store data to gain insights on customer behaviors at a relatively low development cost.&nbsp;&nbsp;
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        Big Open Data Solution includes pre-built integrations with Google BigQuery and Twilio Segment, to transfer their storefront data to data warehouses and/or customer data platforms (CDPs). It also includes integrations with a range of analytics, business intelligence, personalization, and web analytics tools.&nbsp;&nbsp;&nbsp;
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        BigCommerce is a platform for creating e-commerce websites. It allows users to handle shipping, marketing, and payments, among other functions. BigCommerce has a large customer base of around 60,000 online stores with customers based across 120 countries and generated USD 152 million in revenue for 2020. However, the company was yet to turn profitable (with an operating loss of USD 38.7 million in 2020).&nbsp;
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://investors.bigcommerce.com/news-releases/news-release-details/bigcommerce-gives-merchants-control-their-data-launch-big-open">
      Press release
    </a>
  </p>
</div>


No-code Software

BigCommerce launches Big Open Data Solutions

Leveraging personal data for custom-fit diagnosis and treatment

Precision Medicine

INCUMBENTS_PRESENT

<div>
 <p>Healthcare technologies firm QIAGEN has received FDA clearance for the clinical use of its QIAstat-Dx Respiratory Panel Plus test. This diagnostic tool was designed for diagnosing upper respiratory infections, such as the SARS-CoV-2 virus, and has previously been authorized under a US FDA Emergency Use Authorization (EUA).</p>
 <p>The QIAstat-Dx Respiratory Panel Plus is capable of detecting 21 viral and bacterial targets by utilizing real-time PCR technology. The test is reported to yield results within an hour and requires minimal hands-on time of about a minute. This makes it convenient for health professionals to use while also providing insightful clinical information through the viewing of cycle threshold (Ct) values and amplification curves. QIAGEN is currently working on further expanding its QIAstat-Dx portfolio in the US, with a gastrointestinal panel under FDA review and a meningitis/encephalitis panel in the works.</p> 
</div>

QIAGEN receives FDA clearance for QIAstat-Dx Respiratory Panel Plus test

<div>
 <p>Lycia Therapeutics, a biotechnology company, has garnered approximately USD 107 million through a Series C funding round. The funding round was steered by Venrock Healthcare Capital Partners and saw the participation of several new investors like Janus Henderson Investors, Marshall Wace, and Franklin Templeton, alongside existing contributors including Redmile Group, RTW Investments, and Eli Lilly and Company.</p>
 <p>The raised capital is expected to be deployed towards advancing Lycia Therapeutics' principal therapeutic candidates connected to autoimmune and inflammatory diseases, into the clinical stage. </p>
 <p>Lycia Therapeutics' main specialization lies in creating cutting-edge therapeutics through its unique platform called Lysosomal Targeting Chimera (LYTAC). This platform's main functionality is to degrade extracellular and membrane-bound proteins that are usually found in autoimmune disorders and cancers. By targeting these so-called 'undruggable' proteins, the company mainly focuses on autoimmune and inflammatory diseases.</p>
 
</div>

Lycia Therapeutics raises USD 107 million in Series C funding for clinical development of lead therapeutic candidates

PROMINENT_CATEGORY

<div>
 <p>Pharmaceutical companies Takeda and AC Immune have entered into a global licensing agreement specifically for AC Immune's Alzheimer's treatment, known as ACI-24.060. The treatment method involves targeting harmful forms of amyloid beta and stimulating an antibody response that prevents plaque formation in the brain, combating Alzheimer's disease.</p>
 <p>As part of the deal, AC Immune is set to receive an initial payment of USD 100 million, alongside a potential USD 2.1 billion if certain development, commercial, and sales-related milestone payments are met. In addition, there will be tiered double-digit royalties on the global net sales post the product's commercialization.</p>
 <p>AC Immune is a Swiss biopharmaceutical firm that focuses on the development of therapeutic and diagnostic products aimed at treating neurodegenerative diseases, often associated with protein misfolding. The company employs two unique technology platforms, SupraAntigen and Morphomer, to create biologics, small molecules, and vaccines. Key drug candidates developed by AC Immune include Crenezumab, which aims to slow Alzheimer's progression, and Semorinemab, which targets Tau proteins in patients with Alzheimer's.</p>
</div>

Takeda and AC Immune partner to develop immunotherapy for Alzheimer's disease

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

Remote Work Tools

ANALYST_QUICK_TAKE

<div>
 
 <p>Google is collaborating with HP to inaugurate Project Starline, a business telecommunication system. The project is projected to be commercially ready by 2025, as announced before the Google I/O 2024 conference. The platform is designed to imitate face-to-face interactions in a virtual environment for a more authentic remote conversation experience.</p>
 <p>Project Starline leverages 3D imaging, camera technology, and custom-built displays to create a lifelike virtual meeting. It's integrated with video conferencing tools like Google Meet and Zoom and can generate the perception of a real-time, in-person discussion regardless of spatial distance.</p>
 
</div>
 <p><b>Analyst Quicktake:<br>
 </b> This announcement comes after years of testing and private technical previews, during which the project faced numerous setbacks in the project's early days (which began in 2021), including technical challenges, and a reorganization of its in-house R&amp;D division in 2022.</p>

Google and HP partner for commercial launch of Project Starline in 2025

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

<div>
 
 <p>AI governance software firm, Monitaur, has successfully raised USD 6 million in a Series A funding round. This round was led by Cultivation Capital and saw participation from Rockmont Partners, Defy VC, Techstars, and Studio VC.</p>
 <p>With these raised funds, the company plans to accelerate its growth and expand its team across various roles.</p>
 <p>Monitaur also reported a six-fold increase in its revenue, customer base, and product use for the year 2023.</p>
 
</div>

Monitaur raises USD 6 million for accelerated growth and staff expansion

Travel Tech

<div>
 
 <p>Booking.com, under the European Union's Digital Markets Act (DMA), is recognized as a gatekeeper bringing new regulations and penalties for non-compliance. The company has a six-month window to meet the majority of the DMA requirements.</p>
 <p>With 45 million monthly active users and over 10,000 yearly active business users, Booking.com's role as a bridge between businesses and customers is significant. It must follow obligations such as non-preferential rules, business user terms, and inform the EU of intended acquisitions. Failure to comply can result in hefty fines, up to 10% (or 20% for repeat offenders) of the yearly revenue.</p>
 <p>The classification of Booking.com as a gatekeeper puts it in the company of seven other tech giants: Alphabet, Amazon, Apple, ByteDance, Meta, and Microsoft.</p>
 
</div>

Booking.com designated as 'gatekeeper' under EU's Digital Markets Act

Using AI to automate, enhance and optimize marketing activities

Marketing Automation

<div>
 <p>Zitcha, an Australian AdTech startup, and Venvee, a US-based company, have collaborated to enhance the precision and measurability of advertising campaigns. They aim to help businesses understand the effect of their advertisements through a combination of Zitcha's retail media platform and Venvee's spatial AI.</p>
 
 <p>The integration of Venvee's technology into Zitcha's platform will offer advertising analytics rooted in in-store behavior. Venvee's advanced AI constructs a 3D "digital twin" of the retail space, tracking shoppers' journeys and their engagement with products and advertisements. This will be an essential tool in refining marketing campaigns.</p>
</div>

Zitcha partners with Venvee to enhance retail advertising using spatial AI

Clear the air on carbon capture, reuse, and storage

Carbon Capture, Utilization & Storage (CCUS)

<div>
 
 <p>Infinium, a developer of low-carbon electrofuels (e-fuels), and SMA Mineral, a Swedish lime and limestone producer, have partnered to develop the former's e-fuels project at the Mo Industripark in Mo i Rana, in Norway.</p>
 <p>Under the partnership, Infinium will capture CO2 from SMA’s Zero Emission Quick Lime production facility as a feedstock for the production of e-fuels.</p>
 <p>In addition, the collaboration is expected to stimulate local economic growth, create more job opportunities, and position Mo i Rana as a key hub for sustainable industries.&nbsp;</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> This collaboration was announced on the heels of a <a href="https:<br>
//sp-edge.com/updates/28553"> similar partnership </a> with a subsidiary of midstream energy company Kinetik Holdings to purchase CO2 captured from Kinetik's amine gas processing facilities in West Texas for use at Infinium’s second e-fuels project, Project Roadrunner.</p>

Infinium partners with SMA Mineral to produce e-fuels using waste CO2

Disrupting the traditional financial system using blockchain

Decentralized Finance (DeFi)

<div>

 <p>Obligate, a blockchain debt issuing platform, has teamed up with Lisk, a layer-2 network provider. The objective is to launch the protocol on the Lisk network. </p>
 <p>This collaboration aims to utilize Lisk's superior efficiency and scalability, potentially leading to new solutions for real-world and off-chain assets. Worth mentioning, Obligate intends to allow businesses to use their physical assets to secure funding.</p>

</div>

Obligate partners with Lisk to deploy on layer-2 network

<div>
 
 <p>Antonio Juliano, dYdX founder, has decided to step down as CEO of the decentralized exchange platform. He will be taking on the roles of chairman and president of dYdX Trading instead.</p>
 <p>His business partner, Ivo Crnkovic-Rubsamen will take over as CEO, continuing to lead the company's operations, while Antonio will focus on its strategic direction.</p>
 
</div>

All Updates