Ori Biotech Raises $30 Million in Series A Financing to Advance Innovation in Cell and Gene Therapy Manufacturing

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

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Hyperfine Receives Frost & Sullivan Best Practices Product Innovation Award For World’s First Truly Portable MR Imaging Technology

Swoop™ Portable MRI system creates new product category for accessible, cost-effective MR imaging

Hyperfine's Swoop™ Portable MRI has been recognized with a Best Practices Product Innovation Award for its category-defining point-of-care MR imaging technology.
Hyperfine’s Swoop™ Portable MRI has been recognized with a Best Practices Product Innovation Award for its category-defining point-of-care MR imaging technology.
Hyperfine’s Swoop™ Portable MRI has been recognized with a Best Practices Product Innovation Award for its category-defining point-of-care MR imaging technology.

Guilford, CT, Oct. 14, 2020 (GLOBE NEWSWIRE) — Hyperfine has received a Best Practices Product Innovation award from Frost & Sullivan for the company’s category-defining portable MR imaging technology.  Analysts from Frost & Sullivan, a leading growth strategy and research firm, describe the disruptive innovation as a “massive leap forward to democratizing MRI.” Hyperfine’s Swoop™ Portable MRI System is a point-of-care MR imaging device that wheels directly to the patient’s bedside, plugs into a standard electrical wall outlet, and is controlled through a wireless tablet, making MR imaging accessible and immediate.

Magnetic Resonance Imaging (MRI)

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RIC20 Startup Innovation Labs Showcase 20 Tech Innovators

With a focus on emerging technologies and innovative
startups, the 2020 Retail Innovation Conference is featuring three Startup
Innovation Lab sessions that will introduce attendees to a total of 20 tech
innovators.

Startup Innovation Lab #1: 10-11 am ET, Oct. 13

Moderated by Orlando Ribas Fernandes of XnFinity-XNFY Lab, the first group of startups presenting include:

Omnichannel Fulfillment: onfleet – a last-mile delivery platform;  

Touchless Retail: SuperSmart – a validation and loss-prevention system for Scan & Go; 

Digital Commerce: Pointr – A deep location company combining indoor location intelligence with machine learning; 

Business Agility: Uncrowd – SaaS platform generates live-tracking Friction/Reward Indexes; 

Experiential Initiatives: Gravity AI  —  a MLaaS (Machine Learning as a Service) platform; and 

E-Commerce Optimization: Taste — making artificial intelligence fun and consumer-friendly, and offering a personalized shopping experience.  

Startup Innovation Lab #2, 10-11 am ET, Oct. 14

Ken Fenyo of Coresight Research will moderate tomorrow morning’s

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DriveWealth Welcomes Minerva Tantoco to Lead Technology Innovation Strategy

DriveWealth, LLC, a leader in global digital trading technology, today welcomes Minerva Tantoco to her new position as Chief Technology Officer at DriveWealth. In her new role, Tantoco will be responsible for developing and executing DriveWealth’s technology strategy and innovating on the company’s already industry-leading infrastructure to support the next generation of embedded finance solutions.

Tantoco brings over two decades of executive leadership and management expertise working with start-ups, large enterprises, and government organizations. Her leadership will help advance DriveWealth’s growth strategy and expansion into new products and partnerships. The company is currently scaling its technology team, looking to bring on at least 15 new engineers by end of year, and Tantoco will be an integral part of that growth.

“Our mission to democratize access to U.S. equities across the globe demands consistent investment in technology infrastructure and strategy,” says Bob Cortright, Founder and CEO of DriveWealth. “Minerva’s expertise at

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New Hyundai Motor Group Innovation Center in Singapore to Transform Customer Experience through Future Mobility R&D

  • Construction begins with virtual groundbreaking ceremony attended by Singapore Prime Minister Lee Hsien Loong, South Korea’s Industry Minister Sung Yun-mo, and Hyundai Motor Group Executive Vice Chairman Euisun Chung
  • HMGICS to serve as an innovation center for future mobility studies
  • Construction due to be completed by the end of 2022
  • Center to lead paradigm shift in mobility value chain, spanning the entire lifecycle of vehicles
  • Small-scale manufacturing capabilities focused on EVs to test a customer-centered manufacturing platform
  • HMGICS to explore new business concepts, including battery-as-a-service

SEOUL, South Korea and SINGAPORE, Oct. 13, 2020 /PRNewswire/ — Hyundai Motor Group (the Group) celebrated the groundbreaking announcement of the Hyundai Motor Group Innovation Center in Singapore (HMGICS) with a virtual ceremony today. The center will act as an open innovation lab for the Group’s future mobility research and development, with the aim of revolutionizing the future mobility value chain.

“HMGICS is a major

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Innovation Inc: Walmart’s AI vendors, Securus Tech’s digital overhaul

We often highlight stories of digital overhauls that enable faster business growth, deeper operational cost cuts, and more seamless interactions with customers. 

But there’s another component to transformations, too: reputation. 

Walmart, for example, is investing heavily in technology, both as part of its epic battle with Amazon for retail dominance and from a desire to be viewed as a software behemoth. The company works with a slew of outside vendors, but is developing many of applications in-house, as well — like its recent express delivery option. The overhaul is so robust that some Wall Street analysts believe Walmart’s stock should be treated more like that of a tech company.

In the case of Aventiv Technologies — the parent-firm of prison communications company Securus Technologies that’s backed by billionaire Tom Gores — new CEO Dave Abel is relying on a digital overhaul to rebuild a tattered public image. 

Securus has faced

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BERNAMA – D-Virtual Park, a way to expose population to technology, digital innovation –

KUALA LUMPUR, Oct 12 — D-Virtual Park, Borneo’s first virtual reality (VR) theme park by Serba Dinamik Holdings Bhd (SDHB), which was officially launched in Kota Samarahan, Sarawak, today is a good initiative by the company to create awareness and exposure among the rural population to embrace the latest technology and use of digital devices and applications.

Sarawak Chief Minister Datuk Patinggi Abang Johari Tun Openg said the VR theme park is in line with the Sarawak government’s agenda to push the digital economy as this is one of the ways to revolutionise the digital economy among the 2.8 million local population.

“In order to be aggressive in the market, we need to be linked to the market.

“Therefore, we must use the linkages to the market, namely by promoting the use of blockchain, the link that is chained to the world,” he said in speech at the launching ceremony

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Technology, Innovation and Modern War — Class 4

We just held our fourth sessions of our new national security class Technology, Innovation and Modern War. Joe Felter, Raj Shah and I designed a class to examine the new military systems, operational concepts and doctrines that will emerge from 21st century technologies – Space, Cyber, AI & Machine Learning and Autonomy. Today’s topic was Defense Strategies and Military Plans in an Era of Great Power Competition.

Catch up with the class by reading our summaries of Class 1 here, Class 2 here and Class 3 here.


Our guest speaker was Bridge Colby, former Deputy Assistant Secretary of Defense for Strategy and then Secretary of Defense Jim Mattis’ point person for articulating his vision for the National Defense Strategy.

Some of the readings for this fourth class session included: National Security Strategy, 2018 National Defense Strategy, National Military Strategy Summary, The Age of Great-Power Competition, The China Reckoning: How Beijing

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Platform Calgary Innovation Centre Will Open With Familiar Faces in the Tech Startup Community

Platform Calgary Innovation Centre Will Open With Familiar Faces in the Tech Startup Community

Today, Platform Calgary is announcing the latest organizations to join as community members in the Platform Innovation Centre. Opening spring 2021, the Centre will offer entrepreneurs and startup companies support from a host of dynamic partners, many already active with Platform Calgary. This 50,000 sq. foot space will be a one-stop-shop for Calgary’s innovation ecosystem.

“The success of tech startups requires collaboration with peers from all corners of the innovation ecosystem,” says Dr. Terry Rock, President and CEO of Platform Calgary. “Platform Calgary is based on this principle and the Platform Innovation Centre will have it on day one with now 17 Program Partners and Members available to any startup that walks in the door. That is the key step toward seriously growing our tech sector to be an engine for new economic growth, job creation

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Strengthening Science, Technology and Innovation Systems for Sustainable Development in Africa

On 7 October 2020, UNESCO, represented by Mr. Jean-Yves Le Saux, Director of the Bureau of Strategic Planning, and Sweden, represented by Mr Mikael Schultz, Deputy Permanent Delegate of Sweden to UNESCO, signed a pathbreaking agreement to support science, technology and innovation in Africa. Shamila Nair-Bedouelle, Assistant Director General for the Natural Science Sector and Magnus Magnusson, representing Gabriela Ramos, Assistant Director General for the Social and Human Science Sector, Pia Engstrand, Sida’s focal point for UNESCO (through virtual connection) were also present at the ceremony and will jointly oversee the implementation of this initiative.

The Swedish International Development Agency (Sida) will provide funding in the amount of 25 million Swedish kronor over two years (2020-2022) to support the first phase of a major initiative within UNESCO’s global framework for monitoring, policy support and advocacy for the Recommendation on Science and Scientific Researchers, adopted by the General Conference in 2017.

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