<div>
  <ul>
    <li>
      <p>
        Simpli.fi, a demand-side ad platform (DSP), has rebranded as an &ldquo;Advertising Success Platform,&rdquo; aiming to assist brands and agencies with improved advertising procurement workflows, along with unveiling a new visual identity, emphasizing its commitment to innovation.
      </p>
    </li>
    <li>
      <p>
        According to the company, it has transformed its services to meet the changing needs of the advertising industry by offering a comprehensive solution that includes programmatic solutions, managed services, and workflow software, coupled with recent acquisitions to optimize campaigns for clients.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake: </b>
        Simpli.fi's recent acquisitions of Advantage Software, 
        <a href="https://sp-edge.com/updates/8037">
          CoreMedia Systems,
        </a>
         and 
        <a href="https://sp-edge.com/updates/16791">
          Bidtellect
        </a>
         signify the company's expansion beyond its traditional DSP offering to become a more comprehensive AdTech solution. These acquisitions allow Simpli.fi to offer streamlined workflows and enhance its solutions for contextual and native campaign performance.&nbsp;
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.prnewswire.com/news-releases/simplifi-expands-beyond-a-dsp-solution-provider-and-unveils-new-brand-identity-301799667.html">
      Press release
    </a>
  </p>
  <p>
  </p>
</div>


Marketing Automation

Simpli.fi unveils new brand identity as it expands its services beyond DSP solutions

Managing employee health-related benefits

Health Benefits Platforms

<div>
 
 <p>Paytient, a company specializing in a care navigation platform for employee health benefits, has welcomed Joe Gabler into the role of chief growth officer (CGO). This role is considered crucial to the expansion of the company's strategic partnerships with major employers, payers, and pharmacy benefit managers (PBMs). Overall, Gabler's appointment is expected to drive substantial company growth.</p>
 <p>The company highlights Gabler’s extensive career, noting his 20 years of experience in building successful companies and innovating healthcare payment solutions. Gabler's previous roles include a 13-year tenure at SPS Commerce, and a leading role at Solutran, where he was instrumental in the creation of a significant payment network that served a large portion of the Medicare Advantage market. </p>
 
</div>

Paytient appoints Joe Gabler as chief growth officer

Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

Flywire beats Q1 FY2024 revenue estimates; reports highest quarterly client signing and revises down full-year FY2024 guidance

<div>

 <p>Marqeta's Q1 2024 loss per share decreased to USD 0.07 from USD 0.13 in Q1 2023, exceeding analyst expectations. However, its total revenue saw a 46% YoY decrease to USD 118.0 million in Q1 2024, missing analyst estimates slightly. </p> 

 <p>The firm reported a 33% YoY increase in total processing volume (TPV) to USD 67 billion for Q1 2024. The GAAP net loss for the quarter was USD 36 million, whilst adjusted EBITDA was positive USD 9 million, resulting in an adjusted EBITDA margin of 8%.</p>

 <p>Business updates include the global expansion of Marqeta's UberEats partnership into eight additional markets. The firm also partnered with <a href="https://sp-edge.com/companies/35375">Klarna</a> to launch a new flexible payment card and with <a href="https://sp-edge.com/companies/999264">Rain</a> to launch a debit card that allows employers to access earned wages.</p>
 
 <p>The board authorized a new share repurchase program for up to USD 200 million of Class A common stock, demonstrating confidence in the company's prospects. Following this announcement, Marqeta’s share price rose 1.57% in after-hours trading.</p>

</div>

Marqeta narrowly misses Q1 FY2024 revenue estimates despite growth in transaction volume and expanded reach

New insurance models are disrupting a centuries-old industry with a focus on personalization and convenience.

Neo Insurance

<div>
 
 <p>Digital life insurer Eleos, based in the UK, has secured USD 4 million in a seed funding round. The round was led by Indico Capital and Fuel Ventures, and saw participation from APX. This puts the total of funds raised by the company at USD 4.8 million.</p>
 <p>Eleos plans to use the new funding to launch additional life and disability insurance products. Moreover, it aims to form distribution partnerships in the UK, as well as to expand into the US market.</p>
 <p>Established in 2022, Eleos provides digital life and income protection directly to customers and collaborates with financial brands to offer embedded white-labeled insurance. The company anticipates that by the end of 2024, it will surpass GBP 1 million, or approximately USD 1.3 million, in revenue.</p>
 
</div>

Eleos raises USD 4 million in seed funding for product and partnership expansion

ANALYST_QUICK_TAKE

<div>
 
 <p>Digital landlord and homeowners insurance provider, Honeycomb, has secured USD 36 million in Series B investment round. This funding round included contributions from leaders such as Zeev Ventures and also involved active participation from Arkin Holdings, Launchbay Capital, Ibex Investors, Phoenix Insurance, and IT-Farm. With this round, the total capital amassed by Honeycomb now amounts to USD 54.7 million.</p>
 <p>The company has plans to allocate the newly acquired funds towards a spectrum of growth initiatives. This includes doubling its team strength to 180 members in the coming 18 months. Furthermore, Honeycomb is also focused on enhancing the experience of end-users, diversifying the portfolio of policies it offers in terms of type and size, as well as launching an array of new insurance services.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Honeycomb raised USD 15.4 million in a Series A funding round from Ibex Ventures in January 2022. These funds were used to develop its platform and expand in the US.</p>

Honeycomb raises USD 36 million in Series B funding to improve customer offerings

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

Telehealth

<div>
 
 <p>Suki, a healthcare digital assistant provider, has secured a national group purchasing agreement with the health improvement organization, Premier. Premier will have access to Suki's AI-powered scribe, Suki Assistant, starting May 1, 2024.</p>
 <p>Suki Assistant is an AI tool that assists clinicians with administrative tasks. It creates clinical records by listening to conversations between the patient and clinician, simplifies code processes, responds to questions, and aids with dictation. It can also be integrated with major Electronic Health Records (EHR) systems, leading to increased efficiency by reducing the time clinicians spend note-taking.</p>
 
</div>

Suki partners with Premier to streamline clinical documentation

<div>
<p>BrightInsight, a firm offering technology for biopharma and MedTech companies, enhances its collaboration with Google Cloud by integrating AI technology into its Disease Management Solution. This move aims to promote more efficient healthcare provision and enhance patient care.</p>
<p>With the integration of GenAI models from Google Cloud into solutions provided by BrightInsight, an AI-enabled chatbot will facilitate patient access to information. This will also assist healthcare providers in promptly identifying problems with treatments or medications. Furthermore, BrightInsight plans to improve its internal operations using AI technology for identifying issues and producing detailed data analytics. The implementation of AI will comply with strict security measures and compliance standards to protect patient data.</p>
</div>

BrightInsight expands partnership with Google Cloud to optimize disease management

Building future-ready applications in the cloud

Cloud-native Tech

<div>
 
 <p>Red Hat, in partnership with NVIDIA, has introduced NVIDIA's NIM microservices into its platform, Red Hat OpenShift AI. This move aims to improve AI inferencing for a variety of models over an open-source hybrid cloud platform.</p>
 <p>The collaboration further builds on the pre-existing optimization between NVIDIA AI Enterprise and Red Hat technologies such as Red Hat Enterprise Linux and OpenShift. The integration is reported to hasten the implementation of GenAI applications in numerous business functions. These functions include customer service virtual assistance and IT ticket summarization.</p>
 <p>The potential advantages of this partnership extend beyond the aforementioned. They include a streamlined integration process, scalable and monitorable hybrid cloud environments, and robust security and support suitable for enterprise-grade needs.</p>
 
</div>

Red Hat partners with NVIDIA to support NIM microservices on OpenShift AI

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

Psychedelic Medicine

<div>
 <p>Clearmind Medicine, a Vancouver-based psychedelic drugs company, has announced a patent licensing agreement with Yissum Research Development Company at the Hebrew University of Jerusalem. The main objective of this partnership is to develop and make use of psychedelic substances to treat post-traumatic stress disorder (PTSD) and other mental health conditions.</p>
 <p>The agreement allows Clearmind exclusive worldwide rights to develop, produce, and sell novel compounds discovered by Professors Rami Yaka, Ahmed Masaewa, and Avi Priel from the Hebrew University. As part of the agreement, Clearmind will also handle additional development and possible commercialization while complying with established regulations. Additionally, the terms of the agreement include future milestone payments, royalties from sales, and commitments to protect patents.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> This partnership follows a prior collaboration with Yissum in <a href="https:<br>
//sp-edge.com/updates/28601"> April 2024 </a> aimed at developing psychedelic compounds for addiction and mental health disorders.</p>

Clearmind Medicine enters licensing agreement with Yissum for psychedelic compounds development for PTSD treatment

Platforms, apps, and cards to keep the corporate wallet in check

Business Expense Management

<div>

<p>Accounts payable and receivable automation platform, Paymerang, has entered a partnership with enterprise resource planning system provider, Harris ERP. The collaboration is intended to advance invoice and payment automation for local governments.</p>
<p>The aim of the partnership is to integrate Paymerang's accounts payable automation (APA) tools with Harris ERP's CitySuite system. This integration is forecasted to reduce manual AP tasks by approximately 84%, improving the efficiency of governmental finance departments significantly.</p>
<p>Claims suggest that the solution will boost protection against fraudulent activities, thereby securing taxpayer money. Additionally, the automated accounts payable process is predicted to enhance vendor satisfaction and allow for a high volume of transactions to be processed promptly and accurately.</p>

</div>

All Updates