LONDON and WOODCLIFF LAKE, N.J., Oct. 14, 2020 /PRNewswire/ — Ori Biotech Ltd (Ori), a leading innovator in cell and gene therapy (CGT) manufacturing, today announced the successful close of a $30 million Series A financing round, bringing the company’s total funding to date to $41 million. The new funding will be used to help bring Ori’s innovative manufacturing platform to the market. The Ori platform delivers scalable solutions to flexibly address the critical clinical and commercial manufacturing needs of CGT developers.
The Series A investor syndicate was led by the experienced life sciences investment team at Northpond Ventures, a leading global science, medical, and technology-driven venture fund, alongside Octopus Ventures, a leading European venture fund. Northpond and Octopus invested alongside significant support from Ori’s existing institutional investors, Amadeus Capital Partners, Delin Ventures, and Kindred Capital.
“Closing a significant Series A round, during these uncertain
Morgan State University Obtains $1.2 Million in Federal Science, Technology Grants
NSF and NIH Funding Boosts Morgan’s School of Computer, Mathematical and Natural Sciences
BALTIMORE — Morgan State University’s (MSU’s) School of Computer, Mathematical and Natural Sciences (SCMNS) has announced the receipt of four federal grants totaling more than $1.2 million, awarded in the spring and summer of 2020. The funds are supporting important research in science, technology, engineering and mathematics (STEM) fields ranging from pharmatechnology to advanced computing to meteorology to computer science instruction. Collectively, the grants indicate steady progress toward Morgan’s goal of attaining an R1 (“very high research”) designation from the Carnegie Classification of Institutions of Higher Education. MSU was elevated to an R2 (“high research”) Carnegie classification in December 2018.
“Receiving four grants by four different faculty members testifies to the quality of the faculty and their devotion to the
WASHINGTON, Oct. 13, 2020 /PRNewswire/ — The U.S. Navy has awarded Alion Science and Technology a $73 million task order with a 60-month period of performance to provide Joint Training Synthetic Environment (JTSE) Research and Development (R&D) for Joint Staff J7, Deputy Director Joint Training (JS J7 DDJT) Environment Architecture Division (EAD). Alion was awarded this contract under the Department of Defense Information Analysis Center’s (DoD IAC) multiple-award contract (MAC) vehicle. These DoD IAC MAC task orders (TOs) are awarded by the U.S. Air Force’s 774th Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the DTIC repository and the R&D and S&T community.
“We are dedicated to our continued customer partnership to develop joint virtual environments to prepare for Joint All Domain Command and Control (JADC2),” said Katie Selbe, Senior Vice President and General Manager of Alion’s Cyber Network Solutions Group. “Alion has
A roundup of notable gifts compiled by the Chronicle:
Nike co-founder Phil Knight gave $900.7 million to his and wife Penelope’s foundation. The couple primarily support scientific and medical research at the University of Oregon, Oregon Health and Science University, and other large institutions. They have also given extensively to Stanford University, where Phil Knight earned an MBA in 1962.
University of Oregon
Phil Knight gave $300 million for ongoing support for many of the university’s programs to which he has donated in recent years. With this latest gift, he and his wife, Penelope, have donated at least $1.1 billion to the university since 2007, with much of it directed to scientific research and related programs.
Phil Knight earned a journalism degree from the university in 1959 and went on to co-found Nike, the sports-apparel company.
Kummer Institute Foundation
Fred and June Kummer gave $300 million to establish
FALLS CHURCH, Va., Oct. 13, 2020 /PRNewswire/ — General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today it has been awarded a contract by the General Services Administration (GSA) Federal Systems Integration and Management Center (FEDSIM) to continue providing digital enterprise services for Special Operations Forces (SOF).
GDIT will design and implement technology capabilities to enable rapid data analysis and dissemination of critical operational intelligence in response to emerging threats. The SOF Information Technology Enterprise Contract J (SITEC J) is a single award with a total estimated value of $364 million. It includes a one-year base period with four one-year options.
Under the SITEC J contract, GDIT will support local and remote
McAfee Corp., the cybersecurity company founded by tech eccentric John McAfee, has set the terms for its initial public offering, hoping to raise as much as $682 million in a deal that could value the company at $3.64 billion.
McAfee, based in San Jose, plans to sell 37 million shares at a price of $19 to $22 each. The stock will trade on Nasdaq, with the ticker symbol MCFE, the company said in an SEC filing.
Of the 37 million shares, 30,982,558 will come from the company and 6,017,442 from existing stockholders. McAfee expects to have 165.44 million Class A shares outstanding after the IPO.
In the six months through June 27, McAfee posted profit of $31 million, swinging from a loss of $146 million in the year-earlier period. Revenue rose 9% to $1.4 billion from $1.29 billion.
John McAfee founded McAfee Associates in 1987 and ran it until 1994,
Groundbreaking AI Software Highlighted by Gartner As “Bringing AI Closer to Human Learning and Intelligence”
Company’s Stealth Mode Successes Include Tens of Millions in Revenue, Long-Term Contracts & Partnerships with the World’s Largest Consultancies & Fortune 500 Clients
BlackSwan Technologies launches as the world’s first enterprise AI operating system, enabling any company to leverage the most advanced artificial intelligence for an unprecedented level of operational efficiency and data-driven decision making. Since it began offering its technology to a limited customer base earlier this year, BlackSwan Technologies has generated tens of millions of dollars in revenue through multi-year contracts with many leading businesses. The company has also established a groundbreaking partnership with Deloitte to provide leading global banks an AI-powered platform that is already proven to increase revenue and drive efficiencies.
BlackSwan Technologies was recently recognized in Gartner’s 2020 Hype Cycle for Emerging Technologies report as a pioneer in “bringing AI
Puma 3 All Environment (AE) unmanned aircraft system delivers immediate tactical intelligence, surveillance and reconnaissance (ISR) in maritime and land operations
Customer is among the 50 allied government forces relying on AeroVironment’s innovative family of tactical unmanned aircraft systems (UAS); Foreign Military Sales (FMS) program promotes interoperability among U.S. and allied forces for joint operations
Long-Range Tracking Antenna (LRTA) enables 60 kilometer range, and is now available in both M1/2/5 and M3/4/6 Digital Data Link (DDL) military operating bands
AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced it secured a $8,371,332 firm-fixed-price U.S. Department of Defense FMS contract award on September 25, 2020 for Puma™ 3 AE tactical UAS, training and support to an allied nation. Delivery is anticipated by March 2021.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005680/en/
Puma 3 AE (All Environment) is ideal for use in day,
Facebook has made a £1 million ($1.3 million) donation to the museum at Bletchley Park, where British code-breakers decrypted messages sent using Nazi Germany’s Enigma cipher and contributed to an Allied victory in World War II, after the site was forced to cut dozens of jobs as a result of the pandemic.
During the war, the mansion in Buckinghamshire, southeastern England, was home to the British government’s Code and Cypher School, where the world’s first programmable digital computer was built to decipher the Nazis’ communications.
Facebook said Monday that “the era of the computer was born” at the venue, as it announced its $1.3 million contribution.
Supernovas are amazingly bright explosions of massive stars at the end of their lives. During the gravitational collapse, the outer layers of the star are pushed away, and chemical elements formed inside the star are released into space. This cosmic dust rains down onto the Earth continuously, including exotic elements formed inside the dying star.
Research published in the journal Physical Review Lettersused the concentration of two such exotic elements preserved in ocean sediments to hypothesize that a supernova exploded near Earth just 2.5 million years ago.
The authors, led by Dr. Gunther Korschinek from the Technical University of Munich, focused their study on ferromanganese crusts collected in the Pacific Ocean.