The Junction Alum Nanofabrica Acquired by Nano Dimension
Junction alum NanoFabrica, a world leader in technology and turn-key systems for precise 3D-micro-printing, has been acquired by Nano Dimensions, a provider of intelligent machines for the fabrication of Additively Manufactured Electronics (AME) for $60 million. NanoFabrica’s technology and machines are designed to enable digital mass manufacturing of precise and complex parts.
With advanced hardware, software, materials and a team of experts and industry veterans, they are positioned to transform businesses through micro-part manufacturing innovation.
Dataloop Closes Record Quarter with Data-Labelling Automation Platform
Dataloop, the startup specializing in data annotation, closed a record quarter. Discussing their explosive growth and data management in general, CEO and co-founder Eran Shlomo gave some unique insights on the balance between machine autonomy and human intervention
“in essence, every AI system should be connected to our public consensus and continuously reflect that consensus in its decisions.”
4M Analytics Gains Commercial Traction for Underground Utility Mapping Solution
4M Analytics continues to gain commercial traction and major recognition. In a spotlight article by Globes, the 4M founders go into their journey from military mine detection technology to the creation of a subsurface mapping engine.
“We started with a pickup truck, three workers and a dog, but we knew we were sitting on the pool of the highest quality people in the field,” comments Yoav Cohen, CTO and co-founder of 4M.
Five Sigma Selected by MGM as its Next Generation Insurance Claims Management Platform
MGM has selected Five Sigma, our portfolio company automating the claims management process, as their new partners. With Five Sigma, MGM will move their claims management from legacy systems to a cloud-native, data-driven claims ecosystem.
Liz Rychling, VP of risk Management at MGM commented,
“am looking forward to a simplified data-driven Claims technology landscape for GL and WC claims that will also offer our insurance carrier partners a better understanding of our Risk Management practices while achieving a significant increase in overall productivity.”
Oriient Rolls Out Indoor Location Services with Largest Grocery Delivery Service in the US
Oriient, our Portfolio Company bringing the GPS revolution indoors with a scalable and accessible solution for buildings, has launched their services on the largest grocery delivery service in the US.
With Oriient, this delivery service will be able to greatly accelerate fulfillment time and drive profitability.
Valens in Talks to List on NYSE at $1.2 Billion Valuation
GP previously backed car connectivity chipmaker, Valens, is reportedly in SPAC talks at a $1.2 billion valuation. Valens, which was founded in 2006, has developed chips for the audio-video market including vehicle connectivity solutions and has raised $164 million to date.
They are projected to deliver revenue of more than $60 million in fiscal 2021.