News Feed
Posts

Lumentum Holdings Inc. (“Lumentum”) (Nasdaq: LITE) and TriLumina Corporation (“TriLumina”) today announced that Lumentum has acquired certain technology assets of TriLumina, including its patents and other intellectual property. TriLumina technology includes innovative flip-chip, back-emitting VCSEL arrays for use in a wide range of applications, including 3D sensing, automotive safety and driver assistance systems and LiDAR, and other emerging applications. Terms of the transaction were not disclosed.

Additional information can be found on the PR Newswire release.

Genesis will be the first automaker in the industry to commercialize EV wireless charging on a production vehicle.

Developed by WiTricity, WiTricity’s high efficiency 3.6-11 kW EV charging system provides carmakers, Tier 1 suppliers, and charging infrastructure suppliers the most flexible and interoperable wireless charging system design. The system, which has undergone rigorous testing by the US Department of Energy, and been shown to be the most efficient and most interoperable system available. WiTricity’s efficient design and architecture have been included in global standardization efforts led by the SAE International and IEC/ISO (International); DKE and Project STILLE (Germany); and CATARC (China).

Additional information can be found in the Carbuzz article.

LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (“Fisker”), a developer of the world’s most emotionally desirable, eco-friendly electric vehicles, announced today that it has completed its business combination (“Business Combination”) with Spartan Energy Acquisition Corp. (“Spartan”) (NYSE:SPAQ), a special purpose acquisition company sponsored by an affiliate of Apollo Global Management, Inc. (NYSE:APO). Spartan stockholders approved the business combination in a special meeting held on Oct. 28, 2020. On Oct. 30, 2020, the combined company’s Class A common stock and public warrants are expected to commence trading on the New York Stock Exchange (“NYSE”) under the ticker symbols “FSR” and “FSR WS,” respectively.


“All the external pieces are now in place to execute our unique, asset-light business strategy, with today’s funding and the strategic cooperation announced with Magna on Oct. 15.

We can now fully turn our attention to developing and launching the revolutionary, all-electric Fisker Ocean into the heart of the midsize SUV market, expected to commence in Q4 2022. We appreciate the confidence from all our shareholders and intend to deliver on our stated goals.”

Henrik Fisker – Fisker Chairman and Chief Executive Officer


Additional information can be found in the Fisker website.

WiTricity, the industry pioneer in efficient wireless power transfer over distance, today announced it has closed a $34 million investment round. Stage 1 Ventures led the round with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its U.S. subsidiary, Mitsubishi Corporation (Americas). The infusion of capital will enable WiTricity to continue its leading-edge wireless power platform development, expand its intellectual property portfolio, and capitalize on the commercial momentum for wireless charging for electric vehicles (EVs) and in the broader mobility market.


“The mobility industry is at a remarkable inflection point. As automakers increasingly prioritize electrification, the industry seeks to improve the EV ownership experience. Our wireless charging shifts the act of charging to the background—just park and it charges. We have been working with the automotive industry for over a decade to make this a reality.

The new financing round validates our market position and vision for a future of wirelessly charged mobility. The expanding EV market is now ready, industry standards are set, and we’re excited to bring the wireless charging experience to customers.”


Alex Gruzen, CEO, WiTricity


Additional information can be found in the WinTricity Press release.

LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (Fisker) – designer and manufacturer of the world’s most emotion-stirring, eco-friendly electric vehicles and advanced mobility solutions – today announced that it is set to reveal the production version of the Fisker Ocean, its all-electric SUV, at the 2021 Los Angeles Auto Show.

“It’s with great excitement that we’re making the global debut of the Fisker Ocean here in our home city of Los Angeles. As befits the world’s first digital car company, we are also planning to showcase several Fisker-unique technologies that will support our differentiated ownership experience and vehicle functionality.”

Henrik Fisker – Fisker Chairman and Chief Executive Officer

Additional information can be found in the businesswire press release.

BOSTON, MA – October 21, 2020 – ChaosSearch, creator of the first cloud data lake platform for scalable log analysis, today announced it has named Melinda Smith as Chief Financial Officer. Smith was most recently CFO for PayPal’s Venmo business unit, which she shepherded through a period of explosive growth in revenue and customer acquisition. Smith, who has held CFO positions at several high-growth and acquired startups, joins an accomplished ChaosSearch executive team, including recently appointed CEO Ed Walsh, a serial entrepreneur and former General Manager of IBM Storage division, and founder and visionary CTO Thomas Hazel.

“Successful businesses run on data and, increasingly, on AI and machine learning apps that leverage that data. But because analyzing the tsunamis of data companies generate is so difficult and expensive, most companies limit what they retain and analyze.

ChaosSearch has a breakthrough, customer-proven solution that makes it extremely easy to retain, search, and analyze unlimited amounts of data at a cost that is often 80% less than competitive approaches. I believe they have the potential to be a unicorn, and the team to make it happen. I’m really excited about joining such a dynamic, world-class group.”


Melinda Smith, CFO of ChaosSearch

“Melinda clearly has a phenomenal track record of identifying the next big disruptive companies and readying them for hyper growth. Her strategic and financial acumen is exactly what we need to quickly scale ChaosSearch to the next level. We’re beyond thrilled to have her on board.”


Thomas Hazel, CTO and founder of ChaosSearch


Additional information can be found on the ChaosSearch Website.

LOS ANGELES, Sept. 29, 2020 /PRNewswire/ — Fisker Inc. (“Fisker”) – developer of the world’s most emotionally desirable, eco-friendly electric vehicles – today announced an important new addition to its board of directors. Bill McDermott, president and CEO of ServiceNow (NYSE:NOW) – the leading digital workflow company making work, work better for people – becomes the seventh member of the Fisker Inc. Board, which has been shaped in anticipation of the completion of its merger with Spartan Energy Acquisition Corporation (NYSE: SPAQ) (“Spartan”), a special purpose acquisition company sponsored by an affiliate of Apollo Global Management, Inc. (NYSE: APO) (“Apollo”). The board is comprised of seven members: two executives from Fisker, four external directors and a Spartan appointee.

“Based on my years of experience in electrification, I wanted to assemble a board that can help deliver our disruptive business model and grow the company into a global segment leader. Our board members bring their extensive experience in ESG, combined with the insights needed to help guide the growth of our company. Bill has unparalleled international experience and an incredible track record as a leader in software systems and software-as-a-service (SaaS). He will be extremely valuable as we develop Fisker Inc. to be the world’s first digital car company, especially as we build our digital app and e-mobility as a service (EMAAS) capabilities.”

Henrik Fisker – Fisker Chairman and Chief Executive Officer

The Merger between Fisker and Spartan is anticipated to be completed later this year.

Additional information can be found in the PR Newswire press release.

BOSTON, Sept. 16, 2020 /PRNewswire-PRWeb/ — ChaosSearch, creator of the first cloud data lake platform for scalable log analysis, today announced it has won two IT World Gold awards: Best SaaS Startup and Best Data Science Platform. The company was also named Bronze winner for Best Business Intelligence and Analytics Solution. These awards recognize ChaosSearch’s unique ability to enable fast insights on massive-scale data sets, often reaching 100s of terabytes, at a cost that’s up to 80% less than other approaches.


“Logs hold the key to keeping applications and businesses up and running and protected from cyber threats. However, the cost and time-intensive tasks required to analyze and act upon tsunamis of log data are prohibitive — and now, thanks to ChaosSearch, unnecessary.

We’re thrilled that IT World recognizes both the need to revolutionize log analysis and ChaosSearch’s breakthrough approach for extracting real value from log and security event data.”


Thomas Hazel, CTO and founder of ChaosSearch


Additional information can be found in the benzinga / prweb article.

MELBOURNE, Australia–(BUSINESS WIRE)–Lumen Freedom, a world leading manufacturer of Wireless Electric Vehicle Charging (WEVC) systems, today announce the supply of their first Wireless Electric Vehicle Charging system, to McLaren Automotive for the Speedtail Hyper-GT, as featured by the McLaren Tech Club.

Additional detais can be found in the businesswire article.

Disruptive Cloud-Based Analytics Company Poised for Hypergrowth

ChaosSearch, creator of the first cloud data lake platform for scalable log analysis, announced it has named Ed Walsh Chief Executive Officer and a member of the Board of Directors. Walsh most recently served as General Manager of IBM Storage division and has successfully led and sold four high-growth starts-ups as CEO. This appointment further fuels the company’s strong growth, as evidenced in its just-announced record Q2 2020.

“The decision to leave IBM was extremely difficult for me, but the decision to join ChaosSearch was very easy,” said Walsh. “Once I saw the unique and innovative approach they take to enable ‘insights at scale’ within the client’s own Cloud Data Lake and slash costs, I knew I wanted to be part of this company. I’ve been extremely impressed with how easily ChaosSearch instantly turns a customer’s cloud object storage into a fully indexed, searchable and queryable database. The implications for this are tremendous.”

Additional information can be found in the AIT newsdesk article.

Older Posts »