<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        PreciseDx has raised USD 20.7 million in a Series B funding round led by Eventide Asset Management, with participation from Labcorp, Quest Diagnostics, and GenHenn Capital Venture. This brings the company's total funding to USD 31.5 million.
      </p>
    </li>
    <li>
      <p>
        The funds will be used to advance in-depth clinical trials to validate PreciseBreast (PDxBr), an early-stage risk assessment tool for invasive breast cancer, independent of HER2 and hormone receptor status, in a targeted clinical setting and prepare for market entry.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake: </b>
        In May 2024, Precise DX and COTA 
        <a href="https://sp-edge.com/updates/29905">
          partnered with Baptist Health
        </a>
         South Florida to assess the performance of PDxBr test for assessing the risk of invasive breast cancer recurrence. The validation assessment was expected to compare PDxBr&rsquo;s results to traditional pathology reviews and 21-gene assay results. The latest funding is expected to support this clinical trial.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.prnewswire.com/news-releases/precisedx-secures-20-7-million-series-b-to-advance-ai-powered-cancer-risk-assessments-302226795.html">
      <b>Press release</b>
    </a>
  </p>
</div>


Precision Medicine

ANALYST_QUICK_TAKE

<div>
<p>PreciseDx, a medical diagnostics company, recently secured USD 20.7 million in a Series B financing round. This fundraising was led by Eventide Asset Management and it also involved Labcorp, Quest Diagnostics, and GenHenn Capital Venture. With this latest financing round added, the company's total funds raised now totals USD 31.5 million.</p> 

<p>The acquired funds are set to be invested in advancing detailed clinical trials which aim to verify the effectiveness of PreciseBreast (PDxBr). This is an early-stage risk assessment tool that is used for diagnosing invasive breast cancer. This diagnosis is irrespective of the HER2 and hormone receptor status of the patient. These clinical trials will be executed in a specific clinical environment to prepare the tool for market launch.</p> 
</div> <p><b>Analyst QuickTake:<br>
 </b> In May 2024, Precise DX and COTA <a href="https:<br>
//sp-edge.com/updates/29905"> partnered with Baptist Health </a> South Florida to assess the performance of PDxBr test for assessing the risk of invasive breast cancer recurrence. The validation assessment was expected to compare PDxBr’s results to traditional pathology reviews and 21-gene assay results. The latest funding is expected to support this clinical trial.</p>

PreciseDx raises USD 20.7 million in Series B funding to advance in-depth clinical trials to validate PreciseBreast assay

Additive manufacturing makes objects by systematically adding material via a CAD program

Additive Manufacturing

<div>
 
 <p>6K Additive, a supplier of additive manufacturing materials, has been chosen by America Makes, an institution that collaborates on 3D printing projects in the US, to participate in the "Powder Alloy Development for Additive Manufacturing (PADAM)" project.</p>
 <p>The project, endowed with six million dollars from the Air Force Research Laboratory, aims to enhance the cost-efficiency and effectiveness of the production of niobium C-103 powder for laser powder bed fusion and directed energy deposition (DED) 3D printing processes. Additionally, it aims to extend the source pool and utilize a wider range of particle sizes for C-103, a niobium alloy utilized in high-temperature applications. The project will also include collaboration with Castheon, NASA Glenn Research Center, NSL Analytical, Lockheed Martin, and Firefly Aerospace.</p>
 <p>&nbsp;6K Additive plans to use its proprietary UniMelt microwave plasma process to generate C-103 powders from revert sources, reportedly enhancing efficiency in high-temperature and space applications.</p>
 
</div> <p><b>Analyst Quicktake:<br>
 </b> This news marks the second time that American Makes has selected the company to participate in one of its projects. Last month, the company <a href="https:<br>
//sp-edge.com/updates/32452"> partnered with RTX Technology Research Center and the University of Arizona </a> as part of the EARTH project under America Makes and the National Center for Defense Manufacturing and Machining to make aerospace and defense product manufacturing more sustainable.</p>

6K Additive awarded project to develop C-103 powder for additive manufacturing

PROMINENT_CATEGORY

<div>

<p>Innovative Space Carrier (ISC), a company in Tokyo specializing in space transportation systems, has entered into a partnership with WAAM3D, Cranfield University, and Aichi Sangyo. All these organizations bring different specialties to the table - WAAM3D is a metal AM solutions provider, while Aichi Sangyo is known for their metal 3D printers. The collaboration aims to develop reusable space transportation vehicles.</p>
<p>The partnership will allow ISC to procure 3D printers from WAAM3D in Japan for the purpose of creating propellant tanks and other necessary components for space transport. This should contribute to the flexibility and efficiency of the development process.&nbsp;</p>

</div>

WAAM3D partners with Innovative Space Carrier, Cranfield University, and Aichi Sangyo for space transport development

Using real-time data to create dynamic virtual representations of the real world

Digital Twin

<div>
 <p>Akselos, a provider of digital twin technology, has launched a new software called Structural Performance Management for FPSO 4.0. The software is designed for Floating Production Storage and Offloading (FPSO) vessels and aims to enhance their operations and longevity.</p>
 <p>The software offers several benefits including a reduction in operating costs, optimal planning for inspections and maintenance, minimal downtime, and faster resolution of structural issues. Utilizing RB-FEA technology, the software produces millimeter-level precision for monitoring structural integrity. It develops a digital twin of the FPSO and has the capability to integrate various data such as inspection, metocean, tank fills, and unloading.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Akselos has entered partnerships to offer digital twin solutions for FPSOs in the past. Last September, the company partnered with <a href="https:<br>
//sp-edge.com/updates/21998"> Yinson Production and Enauta </a> to deploy Akselos' digital twin technology on the floating vessel Atlanta FPSO in Brazil's Santos Basin.</p>

Akselos introduces software for FPSO monitoring

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

Business Expense Management

<div>
 <p>Accounts payable automation platform, Routable, has teamed up with global commercial payments leader, Convera. This partnership aims to improve international payment solutions for businesses.</p>
 <p>Routable will utilize Convera's vast global network, which includes over 140 currencies in 200 countries and territories, to provide its customers with more options for low-cost local currency clearing worldwide. Clients stand to benefit from competitive exchange rates, lower transaction fees, and can maintain their existing workflows.</p>
 <p>The partnership was established based on Convera's wide currency reach, strong security measures, and exceptional customer support. The goal of this collaboration is to cater to the intricate international payment needs of clients, improving the efficiency of global payments for businesses that use Routable's platform.</p>
 <p>Routable's platform offers solutions that enhance and streamline the Accounts Payable process. This includes invoice capture and processing automation, a variety of flexible payment methods, and efficient vendor management. The company asserts that its services reduce manual payment efforts by 80%, thus allowing finance teams to focus on other significant tasks.</p>
</div>

Routable partners with Convera to expand global payment capabilities for businesses

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

INCUMBENTS_PRESENT

<div>
<p>Lenovo has unveiled new AI services and solutions designed to enable easy exploitation of private AI by businesses. The new offering includes Lenovo TruScale GPU-as-a-service (GPUaaS), Lenovo XClarity One, and Lenovo Power and Cooling Services. These services aim to enhance the speed of creating, expanding, and evolving GenAI for businesses.</p>
<p>Lenovo TruScale GPUaaS delivers on-demand GPU resources in a pay-as-you-use model, supplying metered NVIDIA GPU resources and orchestration. Lenovo XClarity One merges AI with unified systems management into a single platform. It offers AI-powered predictive failure analytics and simplified management of linked devices. Lenovo Power and Cooling Services provide advanced liquid cooling options with real-time tracking of energy efficiency.</p>
<p>Lenovo asserts these services will allow businesses to expedite their AI transformation, simplify the process of applying AI strategies, and support sustainability objectives. The company further states these services will offer financial efficiency, flexibility, and scalability in integrating AI.</p>

</div> <p><b>Analyst QuickTake</b> :<br>
 The recent launch builds on Lenovo's efforts to boost AI adoption through key partnerships. In <a href="https:<br>
//sp-edge.com/updates/27844"> March 2024 </a> , Lenovo partnered with NVIDIA to deliver AI solutions globally, and in <a href="https:<br>
//sp-edge.com/updates/32464"> August 2024 </a> , it teamed up with Databricks to improve AI integration and streamline data management.</p>

Lenovo launches AI services to improve AI accessibility for any enterprise

Travel Tech

<div>
 <p>Guesty has launched two new AI-enabled tools: An AI Assistant for website creation and ReviewSmart AI for analyzing guest reviews. These tools aim to assist property managers by making website development more efficient and turning negative reviews into actionable insights.</p>
 <p>The AI Assistant, powered by GenAI, simplifies the process of website construction for property managers. On the other hand, ReviewSmart AI, an intelligent analytic tool, makes sense of negative guest feedback by sorting it into fundamental areas such as sound disturbance, cleanliness, check-in procedure, communication, and guest expectations.</p>
 <p>According to Guesty, since its beta release, the AI Assistant has been used by a quarter of users using Guesty's website builder. Concurrently, ReviewSmart AI has gained popularity among advanced users as one of the most widely used dashboards on the platform.</p>
 
</div> <p><b>Analyst QuickTake</b> :<br>
 Guesty has been focused on integrating GenAI functionality into its core product. In <a href="https:<br>
//sp-edge.com/updates/32164"> July 2024 </a> , the company launched "ReplyAI," a GenAI messaging tool that analyzes previous guest-host correspondence to generate accurate and timely responses.</p>

Guesty launches AI-powered website builder and review analysis tool to enhance product offering

The toolkit to build machine learning applications at scale

Machine Learning Infrastructure

<div>
 <p>Cloudera, an analytics and AI hybrid platform, introduced several new Accelerators for Machine Learning Projects (AMPs). The AMPs simplify the implementation of enterprise AI applications, offering single-click deployment from Cloudera's platform. </p>
 <p>The AMP suite contains a fine-tuning studio for controlling and assessing LLMs, RAG paired with a knowledge graph for retrieval augmented generation applications, PromptBrew for AI-backed prompt creation, and a Chat with Your Documents tool for improving LLM responses using internal databases. The AMPs, which are fully open-source, come with deployment guidelines for all settings.</p>
 <p>Cloudera states that AMPs can expedite the transition of AI projects from idea to implementation. They offer ready-made solutions and practical examples, which ensure reliability, cost-effectiveness, and shorter development times. These benefits allow companies to rapidly reap the productivity and efficiency benefits of AI initiatives.</p>
 
</div>

Cloudera introduces new accelerators for ML project deployment

AI-based solutions for evolving digital threats

Next-gen Cybersecurity

<div>
 
 <p>Operant AI, a runtime protection startup, has successfully raised USD 10 million in a Series A funding round. The round was led by SineWave Ventures and had contributions from Felicis, Alumni Ventures, Massive, Calm Ventures, and Gaingels. The startup has raised a total of USD 13.5 million since launching publicly in April 2023.</p>
 <p>The new funds will be used to expand the company's staff and product offerings. Operant AI plans to provide a runtime application platform that can protect all layers of live applications from potential attacks.</p>
 <p>The solution from Operant AI purports to block over 80% of common runtime attacks, which include those in the OWASP Top 10. This level of protection is achievable without making substantial changes to the code or instrumentation. The company sees a substantial market for runtime application protection tools as replacements for traditional static security approaches.</p>
 
</div>

Operant AI raises USD 10 million in Series A funding to boost runtime protection

Ensuring the right people access the right resources at the right time

Identity & Access Management

<div>
 
 <p>Aembit, a company that specializes in nonhuman identity and access management (IAM), recently raised USD 25 million in a Series A funding round. The round was spearheaded by Acrew Capital and saw participation from Ballistic Ventures, Ten Eleven Ventures, Okta Ventures, and CrowdStrike Falcon Fund.</p>
 <p>The capital raised will be channeled into improving Aembit's nonhuman IAM solutions. These services perform the crucial role of securing access between workloads, such as clouds, SaaS, and data centres.</p>
 <p>Aembit conducted a survey that shed light on the state of nonhuman identity credentials in organizations. It found that 30% of the organizations store these credentials as code, while 23% communicate them through email and chat. Interestingly, over 60% of the respondents expressed a desire for a comprehensive solution for managing nonhuman identities throughout their organizations.</p>
 
</div>

Aembit raises USD 25 million in Series A funding to advance IAM solutions

<div>
 
 <p>Saviynt, a cloud-native identity and governance platform provider, has unveiled its Intelligence Suite, including Intelligent Recommendations. This advanced feature set is now open for general use, intending to transform identity security.</p>
 <p>The Intelligence Suite comprises several key elements: Access Recommendations, an advanced engine detecting various aspects; Copilot, an AI-assistant for end users task streamlining; and Trust Scoring, a feature merging risk signals into a single trust score for better decision-making.</p>
 <p>The company asserts that the Intelligence Suite can reduce access request and provisioning times by over 50%, cut role development and management efforts by over 80%, and lessen access certification workloads by up to 80%. Early adopters signal a 70% rise in access revocations for sensitive and critical access, efficiency gains over 60% in access recommendations, and a six-time increase in identifying and cleaning up outlier access.</p>
 
</div>

All Updates

PreciseDx raises USD 20.7 million in Series B funding to advance in-depth clinical trials to validate PreciseBreast assay

6K Additive awarded project to develop C-103 powder for additive manufacturing

WAAM3D partners with Innovative Space Carrier, Cranfield University, and Aichi Sangyo for space transport development

Akselos introduces software for FPSO monitoring

Routable partners with Convera to expand global payment capabilities for businesses

Lenovo launches AI services to improve AI accessibility for any enterprise

Guesty launches AI-powered website builder and review analysis tool to enhance product offering

Cloudera introduces new accelerators for ML project deployment

Operant AI raises USD 10 million in Series A funding to boost runtime protection

Aembit raises USD 25 million in Series A funding to advance IAM solutions

Saviynt launches Intelligence Suite for identity security

Precision Medicine

PreciseDx raises USD 20.7 million in Series B funding to advance in-depth clinical trials to validate PreciseBreast assay

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