<div>
  <ul>
    <li>
      <p>
        Austria-based Revo Foods, a company specializing in 3D-printed alternative meats, has launched a crowd-investing campaign to raise EUR 1.5 million (~USD 1.6 million). The campaign will be live till April 18, 2024, and marks the company's first public investment opportunity in the form of digital company shares.
      </p>
    </li>
    <li>
      <p>
        The funds raised will be used to bolster the next level of production expansion, particularly by harnessing Revo Foods' recent 3D food printing technique, the Food Fabricator X2.&nbsp;
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake: </b>
        This is Revo Foods&rsquo; first funding round after its EUR 1.5 million (~USD 1.78 million) 
        <a href="https://sp-edge.com/updates/736">
          seed funding
        </a>
         in 2021. The company also 
        <a href="https://sp-edge.com/updates/15930">
          received
        </a>
         a EUR 1.5 million (~USD 1.6 million) grant from Vinnova in 2023, followed by the 
        <a href="https://sp-edge.com/updates/21775">
          launch
        </a>
         of its 3D-printed whole-cut salmon filet into retail.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://vegconomist.com/investments-finance/fundraising/revo-foods-crowdinvesting-campaign-scale-3d-printed-seafood-alternatives/">
      Vegconomist
    </a>
  </p>
</div>


Plant-based Meat

ANALYST_QUICK_TAKE

<div>
 <p>Austria's Revo Foods, known for 3D-printed meat alternatives, has initiated a crowd-investment campaign to secure EUR 1.5 million or about USD 1.6 million. This opportunity for public investment through digital company shares will be open until April 18, 2024.</p>
 <p>The capital generated will facilitate the next phase of production expansion, specifically utilizing their recent Food Fabricator X2, a novel 3D food printing technique.</p>
</div> <p><b>Analyst QuickTake: </b> This is Revo Foods’ first funding round after its EUR 1.5 million (~USD 1.78 million) <a href="https://sp-edge.com/updates/736"> seed funding </a> in 2021. The company also <a href="https://sp-edge.com/updates/15930"> received </a> a EUR 1.5 million (~USD 1.6 million) grant from Vinnova in 2023, followed by the <a href="https://sp-edge.com/updates/21775"> launch </a> of its 3D-printed whole-cut salmon filet into retail.</p>

Revo Foods launch crowd-investing campaign to raise EUR 1.5 million

AI, robotics, and IoT to streamline the flow of goods and information

Logistics Tech

PROMINENT_CATEGORY

<div>
 <p>Geek+, a company specializing in robotics for logistics and warehouses, has joined forces with automation firm BlueSkye Automation to deliver a fully automated smart warehouse solution. This solution is controlled by Geek+'s Goods-to-Person mobile robots and has been implemented for a Georgia-based third-party logistics (3PL) company.</p>
 <p>This solution utilizes a mix of robot technologies to handle a variety of order fulfillment types, with BlueSkye Automation offering maintenance and support services.</p>
 <p>With the initial phase of implementation, the 3PL company has been able to handle the increased volume of ecommerce sales and address labor shortages.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> Today Geek+ serves over 1,000 companies, including Decathlon, Dell, Nike, Walmart, ASKUL, and <a href="https:<br>
//sp-edge.com/updates/28489"> Toll Group. </a> The company also has partnerships with <a href="https:<br>
//sp-edge.com/updates/23406"> FORTNA, </a> <a href="https:<br>
//sp-edge.com/updates/23840"> Kerry TJ Logistics, </a> <a href="https:<br>
//sp-edge.com/updates/24715"> Logistex, </a> and <a href="https:<br>
//sp-edge.com/updates/28775"> System Teknik </a> to offer robotic warehouse solutions to the partners’ customers.</p>

Geek+ and BlueSkye Automation partner to deploy automated smart warehouse solutions in Georgia

Technologies bringing about a new reality

Extended Reality

INCUMBENTS_PRESENT

<div>
 <p>In the 2024 I/O conference, Google declared the addition of geospatial AR content to Google Maps for mobile applications. This feature will first be a part of a pilot program in Singapore and Paris.</p>
 <p>Google Maps will provide this AR content when users search for specific sites. If users are close to these places and the places contain AR content, they can initiate the “AR Experience” and raise their phones. Furthermore, this will give users the benefit of exploring a location distantly via Street View, and they'll also have the ability to share the AR experience through a deep link URL or QR code on different social media platforms.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> The features will offer a greater level of immersion on Google Maps, an improvement over the 360° view Google Street View offers. Additionally, Google <a href="https:<br>
//sp-edge.com/updates/29405"> announced </a> a potential AR glass prototype at the conference, where users can ask questions about their environment and receive answers through an LLM.</p>

Google announces AR geospatial content on Google Maps at I/O 2024 conference

Disrupting the traditional financial system using blockchain

Decentralized Finance (DeFi)

<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

Artificial intelligence is identifying and testing new therapies faster than ever.

AI Drug Discovery

<div>
<p>Massachusetts-based antibody drug developer Nabla Bio has secured USD 26 million in a Series A funding round led by Radical Ventures, with further participation from all existing investors. The company also revealed partnerships with AstraZeneca, Bristol Myers Squibb Company, and Takeda, promising potential earnings more than USD 550 million in upfront and milestone payments as well as royalties.</p>

<p>The funds raised will be utilized by Nabla Bio to expedite its drug development projects, mainly concentrating on antibodies that target multipass membrane proteins. The investment will be used in advancing the company’s research for formulating solutions to tackle difficult-to-drug targets and intricate cellular processes.</p>

<p>Nabla Bio is a biotechnology firm that uses AI to develop antibodies for treating tough diseases. The company's AI platform merges AI with massively parallel experimentation to design antibody therapeutics, mainly committing to complex multipass membrane proteins like G protein-coupled receptors (GPCRs) and ion channels.</p>
</div>

Nabla Bio raises USD 26 million in Series A funding; signs three Big Pharma deals

Helping employers provide personalized, high-touch, and holistic financial wellness tools to their entire workforce.

Financial Wellness Tools

<div>
 
 <p>Financial wellbeing support platforms, Kashable and BrightDime, have formed a partnership to offer free personalised financial coaching and money management tools. The collaboration aims to expand their product reach across the US.</p>
 <p>Their plan is to offer these services to more than 50 companies, including IKEA, Chobani, and Nasdaq, benefiting over 170,000 employees. Kashable users will be able to access free financial coaching sessions and other educational resources provided by BrightDime. </p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Early this year, Kashable secured USD 25.6 million in <a href="https:<br>
//sp-edge.com/updates/25686"> Series B funding </a> to support its expansion plans, develop new financial wellness services, and enhance its capabilities to extend affordable credit to employees across the credit spectrum.</p>

Kashable and BrightDime partner to grow product reach across US

Leveraging personal data for custom-fit diagnosis and treatment

Precision Medicine

<div>
 <p>Dandelion Health has introduced the GLP-1 Data Library, an extensive dataset developed to uncover new insights and opportunities related to the GLP-1 receptor agonist drug class. This library reportedly hosts health records of millions of patients from multiple health systems, featuring data from 200,000 patients on a variety of GLP-1 agonists.</p>
 <p>Data in the collection is comprised of both structured EHR data and raw clinical data generated during care procedures, integrating information from every stage of the patient's experience. The raw clinical data includes radiology images, ECG waveforms, and clinical notes.</p>
 <p>Dandelion Health uses its AI platform to harness real-world data for precision medicine. It looks into a range of longitudinal health records to provide important data to healthcare researchers, helping them in early diagnosis, personalized screening, prevention strategies, and the development of more effective therapies. ​</p>
 
</div>

Dandelion Health launches GLP-1 data library for cardiometabolic disease management

<div>
 <p>PlaqueTec and the Babraham Institute's Welch lab have teamed up to assess the drugability of a pro-inflammatory protein as part of the BIOPATTERN trial. This trial focuses on endotyping coronary artery disease (CAD). They have previously argued for the potential of this protein to be targeted by small-molecule drugs in a human cell-culture model.</p>
 <p>PlaqueTec, a UK-based company, is specialised in the development and application of endotype-specific biomarkers for developing new treatments for CAD. The company uses its unique Liquid Biopsy System to capture biomarkers directly from coronary arteries. This method helps them achieve a deeper understanding of the disease and develop precise treatments.</p>
</div>

PlaqueTec collaborates with Babraham Institute to evaluate druggability of pro-inflammatory protein

Exploring the limitless possibilities of AI

Generative AI Applications

<div>
 
 <p>At the I/O 2024 developer conference, Google unveiled a new upgrade for Gmail, called Gemini AI technology. The intent of this upgrade is to enhance the efficiency of Gmail users in searching, summarizing, and drafting their emails. Additionally, it aims to help users execute complex tasks related to emails.</p>
 <p>The Gemini AI technology's primary features in Gmail involve analyzing the content of an email, summarizing important information, and spotting crucial action points. Moreover, it can process attachments such as PDFs during its analysis. It also possesses the capacity to help users organize receipts and extract data for inclusion in spreadsheets or for automating workflow.</p>
 
</div>

Google updates Gmail with Gemini AI for enhanced email management at I/O 2024 conference

<div>

 <p>Google made an announcement regarding the availability of the latest model, Gemini 1.5 Pro, for its AI chatbot subscribers, Gemini Advanced. In addition, a new feature termed "Gemini Live" was introduced.</p>

 <p>Gemini Advanced highlights its capacity to process and scrutinize considerable amounts of data. This includes documentation of up to 1,500 pages, 100 emails, 1 hour's worth of video material, and codebases exceeding 30,000 lines.</p>

 <p>Gemini Live's primary features involve real-time voice chats and the ability to adapt to the speech patterns of users, amongst other functionalities. It has the capability to react to users' surroundings via images or videos captured through a smartphone's camera. Gemini Live also offers analysis of images, interpretation of computer code, location of items, and provision of coaching advice across a variety of subjects like job interviews and public speaking.</p>

 <p>Additional enhancements include capabilities like planning, which encompasses trip itineraries, creation of customized versions of Gemini named as "Gems", and extended integration with Google Apps.&nbsp;</p>

</div> <p><b>Analyst QuickTake:<br>
 </b> Google's Live Feature shares similarities with Meta's Ray-Ban glasses and OpenAI's recently revamped ChatGPT in terms of its capabilities. Google emphasizes that Gemini constitutes a significant step toward building a universal AI agent capable of understanding and promptly responding to everyday human contexts.</p>

Google enhances AI chatbot Gemini with new model; unveils new feature Gemini Live at I/O 2024 conference

<div>

 <p>Google's AI aid, Gemini, will receive a new update on Android, enabling it to seamlessly integrate with Android's mobile OS and Google's applications. The update facilitates ease of use, allowing users to conveniently access the AI overlay during app usage and enhance their digital experience.</p>
 <p>Among the primary enhancements, the update will enable users to drag and drop AI-generated images directly into Gmail and Google Messages. A unique YouTube feature will allow users to extract specific information from videos. An "Ask this PDF" feature, exclusive to Gemini Advanced subscribers, is also included in the key updates.</p>
 <p>The impending changes will be rolled out on numerous devices in the upcoming months. Gemini on Android will gradually evolve, suggesting content based on users' screen content. Additionally, Gemini Nano, a major foundational update, will broaden its focus to include text input processing in addition to other operational methods like visuals, sounds, and spoken language.</p>
 
</div>

All Updates