Sorted, Empowered by AI, Raises £1.65M to Address Global Recycling Challenges
Sorted employs cutting-edge technology, including computer vision, spectroscopy, and colored lasers, all driven by artificial intelligence (AI), to transform the identification, differentiation, and pinpointing of valuable items on recycling lines. Through the integration of computer vision algorithms, the system can visually analyze materials in real-time, accurately distinguishing between various types of recyclables and contaminants. Spectroscopy […].
ComplyAdvantage, Backed by a16z, Acquires US Firm Golden: A Strategic Move
ComplyAdvantage leverages cutting-edge AI and machine learning technologies to meticulously sift through an ever-evolving database. This dynamic approach enables clients to gain a holistic perspective on financial crime risk, offering insights from multiple dimensions to ensure a thorough assessment. By continuously updating its database, ComplyAdvantage ensures that clients receive real-time, actionable intelligence, empowering them to […].
Bosch Unlimited 7 Aqua: A Comprehensive Review of the Ultimate 2-in-1 Cordless Vacuum and Mop
Bosch has introduced its newest advancement in floor care – the Unlimited 7 Aqua. This revolutionary product marks the brand’s inaugural cordless vacuum cleaner with integrated mopping capabilities, enabling users to streamline their cleaning routines effectively. Designed to merge two crucial cleaning functions into a single appliance, the Unlimited 7 Aqua promises to deliver time […].
Infinix Note 40 Pro Plus 5G: A Detailed Analysis of Performance, Features, and Value
The Infinix Note 40 Pro Plus 5G sets a new standard for mid-range smartphones with its impressive features and specifications at an affordable price point. Boasting a spacious 6.78-inch 120Hz AMOLED display, users can expect vibrant colors and smooth visuals for an immersive viewing experience. The device is equipped with a powerful 108MP main camera, […].
Hobot Legee D8 Robot Vacuum and Mop: A Comprehensive Review of Cleaning Performance and Features
It’s fascinating to witness the evolution of robot vacuum technology over the years. From the early days of random cleaning patterns to the sophisticated mapping capabilities of today’s models, the advancements have been remarkable. Starting with a Eufy robot vacuum that navigated the kitchen with a random approach to cleaning, you’ve now transitioned to models […].
Aqara Motion and Light Sensor P2 Review: A Cost-Effective Alternative to the Eve Motion Sensor with Thread Compatibility
The Aqara Motion and Light Sensor P2 represents the evolution towards unified smart home connectivity with its native Matter support. By ensuring compatibility across diverse ecosystems and platforms, this feature streamlines the setup process for users. Now, users only require a Matter app, a Matter-compatible Thread Border Router, and a Matter Controller to seamlessly integrate […].
Lolocar Expands Car Rental Reach with Acquisition of OlaCar, Launches Services in Uruguay
Lolocar, a prominent car-sharing platform based in Chile, has recently announced its integration with OlaCar, a similar service operating in Uruguay. This strategic move is aimed at fostering rapid growth and market expansion in the burgeoning peer-to-peer car-sharing sector across Latin America. By combining their resources, expertise, and user bases, Lolocar and OlaCar aim to […].
Gridless, Supported by Jack Dorsey, Harnesses Volcanic Energy for Bitcoin Mining in Kenya
Gridless, a forward-thinking company, is leveraging geothermal energy extracted from an extinct volcano to power sustainable Bitcoin mining operations. This innovative approach not only promotes environmentally friendly cryptocurrency mining but also provides crucial electricity to support local communities. By harnessing renewable energy sources in this manner, Gridless demonstrates a commitment to sustainability while contributing positively […].
HeadSpin Founder Manish Lachwani Sentenced to 18 Months for Fraudulent Investor Practices
After pleading guilty to charges related to inflating his startup’s revenue and falsifying customer data to secure $117 million, Lachwani has been fined $1 million and sentenced. The case revolves around allegations that Lachwani, the founder of a startup, misrepresented the company’s financial health and customer base to attract investors. The fraudulent activity perpetrated by […].
Banco de la República de Colombia Teams Up with Montran to Introduce New Central Securities Depository
Montran’s newly launched Central Securities Depository (CSD) platform at Banco de la República de Colombia is poised to revolutionize Colombia’s capital markets by enhancing efficiency, risk management, and transparency. José Escobar, General Manager of Montran LATAM, expressed excitement about the collaboration, emphasizing the platform’s potential to drive transformation in the country’s financial landscape through streamlined […].
S|W: THE SAAS WEEKLY – CAN SALESFORCE REINVIGORATE THE M&A SCENE?
There’s been a flurry of activity in the tech sector recently, signaling a potential turnaround in the deal market. Salesforce, which disbanded its mergers and acquisitions committee a year ago amid pressure to cut spending, is now reportedly in talks to acquire data management software firm Informatica for $10 billion. Anton Levy, managing director at […].
AutoAlign Emerges from Armilla AI, Unveils Firewall Solution for LLMS
AutoAlign, a Toronto-based company spun off from its parent company Armilla AI, has unveiled a groundbreaking firewall solution aimed at enhancing the safety of large language models (LLMs). Led by interim CEO and co-founder Dan Adamson, along with CTO and co-founder Rahm Hafiz, AutoAlign is set to revolutionize the AI security landscape. Adamson, who will […].
BetaKit Introduces New Program Catering to Innovation Leaders
The BetaKit Innovation Leaders program represents a pioneering effort to empower Canada’s leading innovation organizations with exclusive access to tailored programming and insights. By offering this unique opportunity, BetaKit aims to foster collaboration, drive innovation, and facilitate the exchange of knowledge within the Canadian tech ecosystem. Through this initiative, BetaKit demonstrates its commitment to supporting […].
Inference Labs, AI and Web3 Startup, Raises $2.3 Million in Pre-Seed Funding
Inference Labs, based in Hamilton, Ont., has secured $2.3 million in pre-seed funding to advance its mission of democratizing AI inference. The funding round, co-led by Digital Asset Capital Management, Mechanism Capital, and Delphi Ventures, attracted additional support from a diverse group of investors, including Big Brain Holdings, BitScale Capital, Edessa Capital, ID Theory, Metropolis […].
Forcen Secures $8.35 Million in Funding to Advance Touch Technology for Robots
Forcen, a Toronto-based robotics sensing company, has successfully closed an $8.35 million CAD funding round aimed at scaling up its prototype production facilities. The funding was co-led by Brightspark Ventures The $8.35 million CAD funding round for Forcen, co-led by Brightspark Ventures and BDC Capital’s Deep Tech Venture Fund, marks a significant milestone for the […].
Tech Hub Update: Genesis Sees CEO Departure, Edmonton Unlimited Welcomes New Leadership
Edmonton Unlimited has announced the appointment of Tom Viinikka as its new CEO, effective May 15, succeeding Launa Aspeslet. Aspeslet had assumed the interim CEO role following Catherine Warren’s departure in January, amid a broader restructuring of Edmonton Unlimited’s board of directors. Warren’s exit, framed as an ousting, underscores the organizational shift at Edmonton Unlimited. […].
Washington Man Incarcerated Following Global Genesis Market Shutdown
In a case highlighting the perils of cybercrime, a man from Western Australia found himself facing a two-year prison sentence for his involvement in a fraudulent scheme. Exploiting stolen credentials sourced from the dark web marketplace Genesis Market, the perpetrator targeted a couple’s superannuation account, ultimately embezzling a sum totaling $17,500. This incident underscores the […].
NAB Broadens CodeWhisperer Access to 450 Engineers
In response to a lag in code suggestion delivery experienced with Amazon’s CodeWhisperer service, NAB, under the leadership of Chief engineer Andrew Brydon, implemented strategic changes within its development environment. This adjustment proved pivotal as NAB witnessed a substantial uptick in CodeWhisperer usage, with its adoption expanding from an initial pilot involving 20 to 30 […].
Macquarie’s Banking Division Nears Public Cloud Target
Macquarie’s progress towards migrating its workloads to the public cloud highlights the bank’s commitment to embracing cloud technology for enhanced efficiency and scalability. Despite encountering challenges typical of large-scale cloud migration projects, such as complexities in transitioning certain workloads, Macquarie has made significant strides, achieving a remarkable 96.4 percent migration rate as of April 11. […].
US Charges and Sanctions Iranians Connected to Revolutionary Guard Cyber Command
The US government has responded decisively to allegations of a multi-year cyber campaign attributed to four Iranian individuals, as outlined in announcements from both the Treasury Department and the State Department. To combat the threat posed by these nefarious activities, decisive action has been taken to impose criminal charges and sanctions. These measures target not […].