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SiMa.ai Secures Funds and Readies New Generative Edge AI Platform
SiMa.ai, the software-centric, embedded edge machine learning system-on-chip company, announced it has raised an additional $70M of funding led by Maverick Capital, with participation from Point72 and Jericho, as well as existing investors Amplify Partners, Dell Technologies Capital, Lip-Bu Tan and others. SiMa.ai will utilize the $270M raised to date to continue meeting customer demand for edge AI/ML with its first-generation Machine Learning System-on-Chip (MLSoC) while accelerating the delivery of its second-generation MLSoC for release in Q1 of 2025.
G2 Reverse Logistics Raises $9.6M in Seed Funding to Masterfully Manage Returns and Optimize Net Recovery
G2 Reverse Logistics, the definitive edge in net recovery, announced $9.6M in seed funding led by Dell Technologies Capital. The capital will be used to enable sales and marketing investments consistent with G2RL’s global growth strategies.
Powered by proprietary technology, the G2RL Prescriptive Analytics platform is purpose-built to optimize operations and minimize costs by constantly analyzing and improving returns in real-time. The platform enables true end-to-end product routing and disposition to maximize recoveries. The readily available open API architecture enables G2RL to easily integrate with existing client systems, making it a flexible, scalable solution. The platform boasts efficient returns processing, optimized net recovery and automated returns decisions for retailers, manufacturers, brands, and third-party logistics providers (3PLs).
EY collaborates with Dell Technologies to launch EY Edge Technologies Lab to help accelerate the value of data
The EY organization announces the launch of the EY Edge Technologies Lab (“Lab”), an initiative focused on bringing the power of edge ecosystem technologies to the forefront of the digital transformation journey. The Lab intends to revolutionize the way organizations experience and envision their business outcomes and data strategy by helping create real-time industry-specific use cases and prototypes for edge-centric solutions, seamlessly integrating the technology into business operations.
With an initial focus on manufacturing, life sciences, healthcare, consumer products, and utilities, the Lab can bridge the gap between data transformation and management by helping create edge-centric use cases, like deploying an IoT solution for a client’s manufacturing process.
floLIVE Closes on $47M as Demand for its Unique Hyperlocal Global Network Surges
floLIVE, creator of the world’s first and largest hyperlocal global cellular network and a leading provider of global connectivity, network and Connectivity Management Platforms for IoT, announced today that it has raised $47M in a Series C round of funding. The round was co-led by Greenfield Partners and existing investor 83North, with Qualcomm Ventures, Dell Technologies Capital, Saban Ventures, and Hazelnut Partners participating in the round.
floLIVE will use the funds to increase its global footprint by partnering with additional MNOs, expand its unique multi-IMSI over eSIM technology, launch an integrated satellite connectivity offering and introduce new and innovative solutions to the market such as advanced location-based applications, network-based cybersecurity services, secure data routing and more.
IOTech Expands North American Presence with Investment from Dell Technologies Capital
IOTech, the leader in open edge computing, today announced its expansion in the North American market, fueled by additional investment led by Dell Technologies Capital. The investment will support go-to-market in the region and accelerate strategic product development of its groundbreaking open edge data platform. To help further drive growth in the U.S., IOTech has also appointed industrial IoT (IIoT) veteran David C. King to its board of directors.
The new investment included existing investors Dell Technologies Capital, SPDG (Société Anonyme de Participation et De Gestion), the holding company of the Périer-D’Ieteren family, Northstar Ventures and the Scottish Investment Bank.
SiLC Technologies Raises $12M in Seed Funding to Deliver Long-Range, Single-Chip LiDAR for Autonomous Vehicles, Machine Vision, and Augmented Reality
SiLC Technologies, Inc., (SiLC), the leading developer of integrated single-chip FMCW LiDAR solutions, announced that it closed $12 million in seed funding led by Dell Technologies Capital. Decent Capital, ITIC Ventures, and several prominent angel investors also participated in the funding round. SiLC will use the funding to scale its R&D and operations to develop its frequency modulated continuous wave (FMCW) silicon photonic 4D+ Vision Chip platform.
SiLC was founded in 2018 by silicon photonics Industry veterans. Founder and CEO Mehdi Asghari was part of the executive team that led Bookham to its IPO in 2000 and later joined the leadership team at Kotura, which was acquired by Mellanox in 2013. SiLC has developed a significant body of intellectual property, as well as a proprietary process for manufacturing high-performance optical components at large scale.