<div>
  <ul>
    <li>
      <p>
        Lemonade, a full-stack insurer that provides a range of insurance products such as renters, homeowners, life, car, and pet insurance, has selected Mitchell International&rsquo;s claims management platform to streamline and optimize its auto insurance business&ndash;Lemonade Car.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Through the integration of Mitchell&rsquo;s claims management platform, Lemonade aims to deliver an efficient claims experience to customers through the automation and online delivery of auto physical damage claims including loss reporting, loss profiling and triage, and damage appraisal.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Lemonade will also leverage Mitchell's auto casualty injury claims processing solutions to automate both first-party auto and third-party liability claims.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Mitchell International is a provider of smart technology solutions and services to the auto insurance, collision repair, disability and workers' compensation markets, and works with over 300 insurance providers, 20,000 collision repair facilities, and 70,000 pharmacies.
      </p>
    </li>
  </ul>
  <p>
    &lt;ul&gt;&lt;li&gt;
    <b>Analyst QuickTake:</b>
     Lemonade launched its auto insurance services in November 2021 and is currently available in Ohio, Illinois, and Tennessee. However, after acquiring 
    <a href="https://sp-edge.com/updates/11944?industryIds=36">
      auto insurer&ndash;Metromile in July 2022
    </a>
    , Lemonade now possesses licenses to expand its auto insurance services to 49 states.&lt;/ul&gt;
  </p>
</div>


<div>
  <p>
    <a href="https://www.prnewswire.com/news-releases/lemonade-selects-mitchells-solutions-to-support-entry-into-the-300-billion-us-auto-insurance-market-301603280.html">
      Company press release
    </a>
  </p>
  <p>
  </p>
</div>


Neo Insurance

Lemonade selects Mitchell International’s claims management platform to optimize its auto insurance business

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

Digital Privacy Tools

PROMINENT_CATEGORY

<div>
 <p>BigID, a data security and privacy firm utilizing AI, has introduced a novel hybrid scanning technology for cloud-native workloads. This is reportedly the first of its kind in the industry.</p>
 <p>This hybrid or "dual" scanning technology combines side-scanning and direct scanning techniques to effectively discover, manage, and protect data in the cloud. Clients can use side-scanning for quick data discovery and direct scanning for more comprehensive insights.</p>
</div>

BigID announces hybrid scanning for cloud-native workloads

Automation and robotics are finally creating solutions for the complexities of doorstep deliveries.

Last-mile Delivery Automation

ANALYST_QUICK_TAKE

<div>
 <p>UK company Wayve, which specializes in autonomous vehicle tech, has successfully raised USD 1.05 billion in a Series C funding round. Major participants of this round included SoftBank Group, NVIDIA, and their existing investor, Microsoft. With this latest round of investment, Wayve's total funds now stand at over USD 1.3 billion.</p>
 <p>The funds accrued will be utilized by the company to further advance its AI-assisted automotive technologies and autonomous driving technologies. Furthermore, Wayve also intends to use this capital to broaden its operations at a global level.</p>
 <p>This funding round has not only been recognized as the largest AI fundraiser in the UK but also ranks among the top 20 AI fund raises worldwide.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> Wayve is one of the few companies that offers autonomous vehicle technologies for passenger vehicles and last-mile delivery applications; hence, it is featured in our <a href="https:<br>
//sp-edge.com/industry/70"> Auto Tech </a> and <a href="https:<br>
//sp-edge.com/industry/1"> Last-mile Delivery Automation </a> hubs. With today’s fund raise, Wayve leapfrogs as the second-highest funded privately held company in the Auto Tech space, after US- and China-based autonomous vehicle tech company <a href="https:<br>
//sp-edge.com/companies/588243"> Pony.ai, </a> which has raised USD 1.33 million to date. The company has also become the second-highest funded startup in the Last-mile Delivery Automation space after peer autonomous delivery vehicle developer <a href="https:<br>
//sp-edge.com/companies/454812"> Nuro, </a> which has raised USD 2.1 billion to date.</p>

Wayve raises USD 1.05 billion in Series C funding led by SoftBank

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

<div>
 <p>Wayve, a UK-based company specialising in autonomous vehicle technology, has successfully raised USD 1.05 billion in a Series C funding round. SoftBank Group led this round of funding, with participation coming from NVIDIA and existing investor Microsoft. The total amount of funds raised by the company now exceeds USD 1.3 billion.</p>
 <p>Wayve stated its intent to use these new funds to further develop autonomous and automated driving technologies. This includes their AI-assisted automotive technologies. Furthermore, there is also a plan to expand the company's operations on a global scale.</p>
 <p>This funding round has been noted as the UK’s largest AI fundraiser, and is also one of the top 20 AI fund raises worldwide.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Wayve is one of the few companies that offers autonomous vehicle technologies for passenger vehicles and last-mile delivery applications; hence, it is featured in our <a href="https:<br>
//sp-edge.com/industry/70"> Auto Tech </a> and <a href="https:<br>
//sp-edge.com/industry/1"> Last-mile Delivery Automation </a> hubs. With today’s fund raise, Wayve leapfrogs as the second-highest funded privately held company in the Auto Tech space, after US- and China-based autonomous vehicle tech company <a href="https:<br>
//sp-edge.com/companies/588243"> Pony.ai, </a> which has raised USD 1.33 million to date. The company has also become the second-highest funded startup in the Last-mile Delivery Automation space after peer autonomous delivery vehicle developer <a href="https:<br>
//sp-edge.com/companies/454812"> Nuro, </a> which has raised USD 2.1 billion to date.</p>

Clear the air on carbon capture, reuse, and storage

Carbon Capture, Utilization & Storage (CCUS)

<div>
 
 <p>Carbon Clean, a UK-based firm, has begun the installation of carbon capture units at Ørsted's project "FlagshipONE," currently Europe's largest e-methanol project.&nbsp;</p>
 <p>The start of this installation represents the first stage of assembly. The CaptureX technology offered by Carbon Clean is set to capture approximately 70,000 tons of biogenic CO2 annually once the project is functional at Ørsted’s facility located in Sweden.&nbsp;</p>
 <p>The operational goal for the project is set for 2025, with an anticipated production of up to 55,000 tons of methanol annually. This methanol will be utilized for vessels, resulting in a significant reduction in carbon emissions, projected to be approximately 94%.&nbsp;</p>
  
</div> <p><b>Analyst QuickTake:<br>
 </b> In <a href="https:<br>
//www.carbonclean.com/news/orsted-flagship-one"> February 2023 </a> , <b> </b> the company was awarded the carbon capture equipment contract for Ørsted’s FlagshipONE e-methanol project in Sweden, marking Carbon Clean’s 50th commercial project.&nbsp;</p>

Carbon Clean builds carbon capture units for Ørsted's 'FlagshipONE'

A decentralized version of the web powered by the blockchain

Web3 Ecosystem

<div>
 
 <p>Horizon Labs, a public blockchain company, has partnered with Gateway.fm, a Norwegian blockchain node provider, to develop a proof verification blockchain in 2024.</p>
 <p>The partnership aims to enhance performance and reduce costs for computational dApps using optimized Rust zk proof verification.</p>
 <p>The blockchain is currently available for testing.</p>
 
</div>

Horizon Labs and Gateway.fm to collaborate on proof verification blockchain

<div>
 
 <p>Web3 infrastructure platform Caldera has formed a partnership with ApeCoin and Horizon Labs to introduce ApeChain. This Layer-3 network is specifically designed for gaming and offers low transaction fees. It also includes Arbitrum Anytrust technology for data accessibility. Caldera will be providing important tools like a Bridge Interface, Block Explorer, and On/Off Ramps, facilitating a seamless experience for both developers and users. </p>
 
</div>

Caldera joins forces with ApeCoin and Horizen Labs to introduce ApeChain

<div>
 
 <p>Digital homeowners insurance provider, Kin Insurance, has spread its services to Georgia, marking its presence in nine states in total. The other states include Alabama, Arizona, Florida, Louisiana, Mississippi, South Carolina, Virginia, and Texas. The year 2023 saw the company report written premiums amounting to USD 341 million.</p>

</div>

Digital home insurer Kin expands to Georgia

AI-based solutions for evolving digital threats

Next-gen Cybersecurity

<div>
 <p>Cybersecurity company CrowdStrike introduced the Falcon application security posture management (ASPM), a new feature of its Cloud Security platform. Designed to consolidate security operations across cloud apps and infrastructure, it includes a comprehensive cloud-native application protection platform (CNAPP) that connects development and security teams.</p>
 <p>CrowdStrike also unveiled improvements to its cloud detection and response (CDR), including new functions that safeguard cloud control planes and prevent identity-based attacks and potential spread of attackers within the system.</p>
 </div>

CrowdStrike unifies ASPM and CNAPP; announces CDR updates

Empowering efficiency, visibility and collaboration throughout supply networks

Supply Chain Tech

<div>
 <p>SecurityScorecard has launched its Highly Evolved Intelligence Defense (HEID) AI solution. This tool is intended to improve the security of the digital ecosystem and assist the cybersecurity community with collaboration efforts.</p>
 <p>The HEID AI comes with various features such as an advanced breach prediction algorithm, an auto-filling function for security questionnaires, and the capacity to utilize information from the company's vast risk and threat intelligence dataset. It can track threat activities, monitor potential data leaks, provide vulnerability intelligence, create transparent security ratings, analyze malware DNS sinkhole requests, conduct global scanning, and classify risks.</p>
 <p>According to SecurityScorecard, the main benefits of HEID AI include an increase in breach prediction accuracy by 80% and a decrease in false positives to under 1%. Furthermore, it streamlines the process of vendor onboarding by minimizing the time spent on manual tasks.&nbsp;</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> In January 2024, the company also <a href="https:<br>
//sp-edge.com/updates/25973"> launched </a> SecurityScorecard MAX, a managed service for supply chain cyber risk, to enhance third-party cybersecurity through active, real-time risk monitoring and remediation. The latest solution complements the managed service offerings with enhanced cybersecurity predictions and efficiency.</p>

SecurityScorecard launches HEID AI for enhanced cybersecurity predictions and efficiency

<div>
 <p>ketteQ has launched a new product called "Barcelona", which aims to significantly enhance supply chain planning and management through added intelligence and adaptability. This is achieved through the use of GenAI, machine learning, novel supply chain solver and open architecture.</p>
 <p>Some key features of Barcelona include the implementation of ChatGPT for real-time supply chain data queries, seamless integration with Salesforce for improved sales and operations planning, availability to promise (ATP) processes, unlimited autonomous scenario planning and solver capabilities.</p>
 <p>ketteQ purports that Barcelona allows companies to better understand and manage their supply chains. It is expected to simplify decision-making processes, increase on-time deliveries and subsequently drive revenue growth. By blending human expertise with AI, companies can optimize their decision-making processes. </p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Logility has also expanded GenAI capabilities across its digital supply chain platform to navigate supply chain planning challenges in demand, supply, inventory, and order fulfillment. Its key features include natural language interaction for a user-friendly experience, specialized AI-driven analysis of supply chain networks and data, and the smooth integration of these features into Logility's platform, facilitating the efficient deployment of AI without significant investments in data science resources.</p>

All Updates

BigID announces hybrid scanning for cloud-native workloads

Wayve raises USD 1.05 billion in Series C funding led by SoftBank

Wayve raises USD 1.05 billion in Series C funding led by SoftBank

Carbon Clean builds carbon capture units for Ørsted's 'FlagshipONE'

Horizon Labs and Gateway.fm to collaborate on proof verification blockchain

Caldera joins forces with ApeCoin and Horizen Labs to introduce ApeChain

Digital home insurer Kin expands to Georgia

CrowdStrike unifies ASPM and CNAPP; announces CDR updates

SecurityScorecard launches HEID AI for enhanced cybersecurity predictions and efficiency

ketteQ launches Barcelona, a GenAI and ML-based supply chain planning solution