<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        SourceDay has launched SourceDay EDI, a platform that offers manufacturers and distributors a real-time view of their entire purchase order (PO) process. The platform is the result of a partnership between SourceDay and SPS Commerce, aiming to streamline supply chain operations and furnish real-time visibility to manufacturers and suppliers.
      </p>
    </li>
    <li>
      <p>
        The platform, through a proprietary API connection, enables suppliers and manufacturers to work in their respective business environments while still maintaining cross-collaboration. It allows for an exchange of PO information, PO acknowledgments, updates, and ASNs. Manufacturers can respond to all updates within their SourceDay workflow, enhancing their supply chain collaboration.
      </p>
    </li>
    <li>
      <p>
        According to the company, the use of SourceDay EDI enables more straightforward scheduling, more accurate production forecasting, improved on-time-in-full (OTIF) delivery, and increased revenue predictability. The company believes this innovation will boost supply chain resilience, responsiveness, and readiness to cope with modern-day business demands.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.prweb.com/releases/sourceday-unveils-partnership-with-sps-commerce-to-power-100-po-delivery-302050730.html">
      Press release
    </a>
  </p>
</div>


Supply Chain Tech

PROMINENT_CATEGORY

<div>
 
 <p>SourceDay has introduced SourceDay EDI, a platform aimed at providing manufacturers and distributors with a real-time overview of their entire purchase order (PO) process. This platform is the brainchild of a joint initiative by SourceDay and SPS Commerce, aimed at simplifying supply chain operations and offering real-time visibility to manufacturers and suppliers.</p>
 <p>The platform operates via a proprietary API connection, thus allowing suppliers and manufacturers to continue working in their respective business environments while facilitating cross-collaboration. The platform enables exchange of PO information, PO acknowledgments, updates and ASNs. Within their SourceDay workflow, manufacturers have the capacity to respond to all updates, thereby strengthening their supply chain collaboration.</p>
 <p>The company states that SourceDay EDI simplifies scheduling, enhances the accuracy of production forecasting, improves on-time-in-full (OTIF) delivery, and facilitates better predictability of revenue. The company asserts that this innovation will enhance supply chain resilience, responsiveness, and preparedness for contemporary business demands.</p>
 
</div>

SourceDay launches Sourceday EDI platform in partnership with SPS Commerce

The toolkit to build machine learning applications at scale

Machine Learning Infrastructure

ANALYST_QUICK_TAKE

<div>
 <p>Kneron, an AI chip manufacturer, aims to raise USD 300 million in its latest funding round, potentially bringing its evaluation to USD 1 billion. The company has received investments from Qualcomm Ventures, Sequoia Capital China (now HongShan), Hon Hai Precision Industry Co., and Horizons Ventures in the past.<p>
  
<p>With this new funding, Kneron plans to fuel product innovation and expansion plans that include establishing a regional office and an R&D lab in Saudi Arabia. The round is likely to be its last before the company's expected public listing in 2025.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> The surging demand for AI chips has helped Kneron to raise significantly more funding than its USD 49 million Series B funding raised in <a href="https:<br>
//sp-edge.com/updates/22177"> September 2023 </a> . Additionally, funding proceeds from last year helped the company launch its new KNEO 330 AI chip for on-premise AI applications in <a href="https:<br>
//sp-edge.com/updates/30098"> June 2024 </a> .</p>

AI chip maker Kneron seeks USD 300 million in funding from investors

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

<div>
 <p>AI chip manufacturer Kneron is reportedly seeking to raise approximately USD 300 million in a new funding round. This significant investment would place the value of the Taiwanese-American company at an estimated USD 1 billion. In the previous funding rounds, Kneron received support from renowned investors such as Qualcomm Ventures, Sequoia Capital China (now known as HongShan), Hon Hai Precision Industry Co., and Horizons Ventures.</p>
 <p>Kneron plans on allocating the funds towards the advancement of product innovation and company expansion. One of the company's more specific objectives include the creation of a regional office and a research &amp; development lab located in Saudi Arabia. This fundraising is projected to be the final private round for Kneron, as it plans to pursue a public listing in 2025.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> The surging demand for AI chips has helped Kneron to raise significantly more funding than its USD 49 million Series B funding raised in <a href="https:<br>
//sp-edge.com/updates/22177"> September 2023 </a> . Additionally, funding proceeds from last year helped the company launch its new KNEO 330 AI chip for on-premise AI applications in <a href="https:<br>
//sp-edge.com/updates/30098"> June 2024 </a> .</p>

Automation to improve business efficiency

Workflow Automation Platforms

INCUMBENTS_PRESENT

<div>
 <p>ServiceNow, an AI-powered business transformation platform, announced partnerships with NVIDIA, Rimini Street, Databricks, and Snowflake, aimed at enhancing AI and data automation features. The strategic partnership with NVIDIA will utilize NVIDIA's AI infrastructure to develop advanced AI agents within the ServiceNow platform. These agents will understand context and break down complex outcomes into prioritized tasks, additionally incorporating governance levels through NVIDIA NeMo Guardrails software.</p>
 <p>Another partnership involves Rimini Street, an enterprise software support solutions provider, for overhauling ERP systems utilizing ServiceNow's AI platform, Rimini Support for software maintenance, and Rimini Manage for application management, eliminating the need for expensive migrations.</p>
 <p>A partnership with Databricks and Snowflake will implement zero copy integration for improved machine learning and AI capabilities. The collaboration allows for bi-directional data exchange between ServiceNow's RaptorDB database and Databricks and Snowflake's platforms, enabling data and insight access for workflow triggers.</p>
 
</div>

ServiceNow partners with NVIDIA to develop enterprise AI agents using NIM blueprints

<div>
  <p>ServiceNow, a platform utilising artificial intelligence for business transformation, has introduced Workflow Data Fabric, a novel platform for the integrated data layer designed to connect enterprise data across different systems. This undertaking was done in partnership with systems integrator Cognizant.</p>
  <p>Workflow Data Fabric is capable of connecting and processing a range of data, including structured, unstructured, semi-structured, and streaming data from various enterprise sources. The platform operates on the basis of the Automation Engine provided by ServiceNow, which encompasses pre-built integrations, data streaming in real-time, tools for robotic process automation (RPA), and process mining capabilities. The platform also houses the ServiceNow Knowledge Graph, a tool that facilitates the conversion of raw data into contextual insights, as well as program AI agents to function autonomously across the enterprise.</p>
  <p>ServiceNow is a company providing cloud-based software solutions that promote digital workflow assistance to organisations, assisting them in managing and automating their business processes across several departments such as IT, customer service, human resources, and others. Their primary product, the Now Platform, acts as the basis for its varying product offerings, utilising a unified data model and architecture to streamline integration and automate workflows. The core products of ServiceNow encompass IT Service Management (ITSM), IT Operations Management (ITOM), Customer Service Management (CSM), and Human Resources Service Delivery. </p>
</div>

ServiceNow launches Workflow Data Fabric data integration platform

A concentration of wealth and a willingness to adopt age-in-place technologies present new opportunities.

Age Tech

<div>
 
 <p>Audientes A/S, a hearing health company, has raised DKK 1.7 million (USD 250,000) via a directed issue. The income includes a DKK 1.28 million (USD 190,000) cash capital increase from 13 independent investors, while the remaining amount was raised from debt conversion by trade creditors. The share price was fixed at DKK 0.014 (USD 0.002) each.</p>
 <p>These funds will be used to finance operational costs for market entry in China and Japan, expanding operations in Europe and India, maintaining products, supporting customers, and developing new products.</p>
 <p>Post the capital increase, the share count of Audientes will grow by 121,638,386 to 322,031,063 shares, resulting in a dilution impact of about 37.77%. In order to achieve its break-even goals by 2025, the company is planning to pursue a long-term bond of up to EUR 1 million (USD 1.08 million).</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Earlier in <a href="https:<br>
//sp-edge.com/updates/32645"> August </a> this year, Aufientes partnered with Shenzhen Hengtong, a Chinese medical product distributor, to form a joint venture that would develop and commercialize hearing solutions for the Chinese market. With this funding, the company appears to be supporting this initiative, while additionally supporting its other initiatives targeting global expansion.</p>

Audientes A/S raises DKK 1.7 million in directed issue to support global operations

Sustainably solving the food shortages of the future

Smart Farming

<div>
 
 <p>Nasdaq-listed AI drone solutions company, ZenaTech, is set to acquire ZooOffice Inc., which encompasses software companies Jadian and DeskFlex. The acquisition price remains undisclosed. Jadian creates software solutions that tackle compliance, audits, inspections, licenses, permits, and risk management for municipal and county governments. DeskFlex, on the other hand, develops AI room booking software that aids organizations in optimizing office space allocation.</p>
 <p>The acquisition intends to elevate ZenaTech's ZenaDrone AI drone solutions by merging it with compliance and inspection software from Jadian. This merge is primarily targeted towards the agricultural sector. Furthermore, the scheduling and mapping software from DeskFlex will be incorporated within property management sector solutions.</p>
 
</div>

ZenaTech acquires ZooOffice Inc. with subsidiaries Jadian and DeskFlex for undisclosed sum

<div>
 
 <p>Agricultural technology firm, Meristem, has received growth funding from private asset growth investor, Bridgepoint. The net worth of the deal, closed in October 2024, however, remains undisclosed. Meristem operates in the US biologicals market for row crops, claiming it to be the fastest-growing agricultural inputs market.</p>
 <p>The funding is projected to back its plans for international expansion, especially in Europe and Latin America. The company also plans to utilise the funds for introducing new product combinations, expanding its consumer base and boosting IP development capabilities.</p>
 <p>Meristem, since its establishment in 2018, currently has a workforce of about 60 employees, catering to over 10 million acres of various crops including corn and soybean.</p>
 
</div>

Meristem raises undisclosed amount in growth funding from Bridgepoint

Reinforcing recycling, rerouting refuse, and reducing wasteflows

Waste Recovery & Management Tech

<div>
 
 <p>WRAP, a sustainability organization in the UK, has collaborated with retailer Primark for a three-year project to improve textile donation strategies and boost circular economy practices.</p>
 <p>This collaboration involves the Behaviour Change subsidiary of WRAP contributing its knowledge in behavioural sciences, with Yellow Octopus acting as an advisory partner. The collaboration has a goal of closing the consumer awareness gap in textile donation strategies.</p>
 <p>Primark, as part of this partnership, has committed to ensuring its clothes are recyclable by design by 2027. This builds on their involvement in WRAP's Sustainable Clothing Action Plan since 2016. The aim of this project is to decrease the carbon footprint of the textile industry by half by 2030.</p>
 
</div>

WRAP partners with Primark to improve textile recycling and circular initiatives

<div>

<p>Heidelberg Materials, a UK company specialising in building materials, has opened a new concrete recycling facility near Katowice, Poland. The innovative site makes use of FCB Rhodax technology from Fives to recycle concrete that has been demolished.</p>

<p>The company has stated that the facility has capability of recycling all demolition concrete into aggregates, sand and cement paste that are of a high quality. Moreover, the FCB Rhodax technology reportedly allows control of the force used on the material bed. This results in excellent concrete component separation while maintaining their quality. It also complies with the European Standards for both recycled and virgin materials.</p>

</div>

Heidelberg Materials launches concrete recycling facility in Poland

Generating, collecting, and analyzing enterprise data will never be the same.

Edge Computing

<div>
 
 <p>Nokia and Lenovo have established a strategic alliance to create data center solutions specifically tailored for AI and ML workloads. This collaboration will combine Lenovo's ThinkSystem AI-ready servers and storage with Nokia's data center networking facilities. It encompasses data center fabric, IP routing, Event-Driven Automation platform, and DDoS security portfolios as part of their integrated approach.&nbsp;</p>

</div> <p><b>Analyst QuickTake:<br>
</b> The combined solution aims to provide high-speed interconnectivity for AI clusters within and between data centers, improving data center capabilities by addressing the demanding compute, storage, and transit needs of AI and ML applications.</p>

All Updates

SourceDay launches Sourceday EDI platform in partnership with SPS Commerce

AI chip maker Kneron seeks USD 300 million in funding from investors

AI chip maker Kneron seeks USD 300 million in funding from investors

ServiceNow partners with NVIDIA to develop enterprise AI agents using NIM blueprints

ServiceNow launches Workflow Data Fabric data integration platform

Audientes A/S raises DKK 1.7 million in directed issue to support global operations

ZenaTech acquires ZooOffice Inc. with subsidiaries Jadian and DeskFlex for undisclosed sum

Meristem raises undisclosed amount in growth funding from Bridgepoint

WRAP partners with Primark to improve textile recycling and circular initiatives

Heidelberg Materials launches concrete recycling facility in Poland

Nokia partners with Lenovo to develop edge-ready AI data centers

Supply Chain Tech

SourceDay launches Sourceday EDI platform in partnership with SPS Commerce

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