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Ed Walsh left his job as head of IBM Storage last week to take on the CEO role at ChaosSearch, a log data analytics startup. Co-founder Les Yetton has stepped aside to make way for Walsh.

Hazel and Yetton set up the company in 2016 to devise a faster, more-efficient way of searching the incoming flood of log and similar unstructured data heading for data lakes. They saw that analysis was becoming IO-bound because the Moore’s Law progression of compute power scaling was slowing. Their answer was to build software to compress and accelerate the analytics IO pipeline.

Walsh said in a press statement today: “Unlike the myriad log analytic services or roll-your-own solutions based upon the Elastic/ELK stack, ChaosSearch has a ground-breaking, patent-pending data lake engine for scalable log analytics that provides breakthroughs in scale, cost and management overhead, which directly address the limits of traditional ELK stack deployments but fully supports the Elastic API.”

Additional information can be found in the Blocks and Files article.

ChaosSearch, Inc., creator of the first cloud data lake engine for scalable log analysis, today announced a record-breaking first half of 2020.

At a time when many companies are struggling due to COVID-19’s impact on the economy, ChaosSearch’s 1H 2020, and particularly its second quarter ending June 30, saw substantial growth in revenue from new customer adoption and existing customer expansion. The company attributes this to the urgent need for cost-effective, hassle-free log analysis solutions that can easily handle tens of terabytes of data per day as well as help protect infrastructure against cyberattacks.

Additional information can be found in the Press Release on the ChaosSearch website.  

Elementus was mentioned in the analyticsIndiamag article entitled “Top Blockchain Analytics Companies And What They Do“.

The article introduces as follows:

Elementus creates insights into blockchain data by providing an enterprise blockchain analytics platform for institutional asset managers, financial service companies, and government agencies. 

Elementus gained global prominence by presenting key data for coverage of the Cryptopia hack and QuadrigaCx insolvency in leading financial media publications including Wall Street Journal, Bloomberg and Fortune. Elementus’ blockchain index methodology intends to work similarly to how Google’s web crawler and index methodology disrupted the search engine marketplace in the late 1990s. Elementus has successfully raised a $3.5M seed round led by Morgan Creek Digital with participation from Avon Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments, Stage 1 Ventures, Robot Ventures, and other key angel investors. 

The entire article can be found here.

In this weeks Axios Navigate Newsletter, Joann Muller discusses recent Events at Fisker and the sea change impacting the automotive industry.

Car designer Henrik Fisker this week raised more than $1 billion for his namesake electric car company, but unlike other EV entrepreneurs attracting capital recently, making cars is not part of his plan.

Why it matters: In an industry ripe for reinvention, Fisker’s aim is to become the Apple of the automotive world — a fabless manufacturer that designs and markets cool cars but farms out the production to others, avoiding the huge capital outlays and manufacturing pitfalls that have dogged Tesla for a decade.

The big picture: We’re on the cusp of a historic shift to electric, self-driving cars. But the burden of technology investments is overwhelming for many, requiring even the world’s biggest auto giants to partner up on redundant development.

The entire article can be read here.

Fisker has agreed to merge with Spartan Energy Acquisition, a special-purpose acquisition company run by Apollo Global Management, confirming reports of the deal last week. The reverse merger will value the combined company at around $2.9 billion. Fisker, a manufacturer of electric vehicles, has received prior venture backing from Caterpillar VenturesMoore Strategic VenturesStage 1 Ventures and others.

AlleyWatch interviews Adam Weinstein of ThriveFantasy, asks about its pivot towards prop bets, covid 19 impact and the recent cash infusion.

You can read the entire article here.

ThriveFantasy, a New York-based e-sports prop betting platform, raised $1 million in seed funding. Stage1 Ventures led the round and was joined by investors including New York Angels, New York Venture Partners, Han Park (former President of ESL) and Neil Sahota (IBM Master Inventor).

Feyzi Celik, Chief Executive Officer of OnePIN, Inc., announced today that OnePIN will keep all headcount during this highly unexpected global pandemic. He also noted that he will not ask employees to accept pay cuts during these difficult times.

As other organizations are streamlining, furloughing, and scaling back, Celik noted that his focus has been on engaging the team, realigning work roles, and continuing to keep the company’s strong team affinity culture alive via informal conferences, fun Whatsapp discussions, one-on-one check-ins, and engaging projects.

Allowing flexibility has also been key. “We fully recognize that our team members are simultaneously home schooling children, shopping for older parents, checking in and helping family and neighbors who are immune compromised, and balancing household tasks where they may have previously had additional help. These are unique times, and allowing for flexibility has been key to maintaining an energized and motivated team,” notes Celik.

Additional information can be found on the OnePIN press release.

Stores and workplaces eager to avoid spreading the novel coronavirus are equipping existing security cameras with artificial intelligence software that can track compliance with health guidelines including social distancing and mask-wearing.

Several customers said the technology, which can cost $1,000 or more annually to analyze data from a handful of off-the-shelf video cameras, is cheaper than dedicating staff to standing guard. It also can be safer, as some guards enforcing distancing have clashed with people protesting safety measures, they said.

“It’s another set of eyes on the site,” one client remarked, adding that software is less prone to mistakes than people and the “accuracy we’re seeing is really high.”

The entire article can be viewed on the Reuters website.

With no coronavirus vaccine in sight, good behavior will be crucial to keeping people safe when companies start to reopen plants and offices

AI companies such as Inc. provide tools that might help companies in a range of industries, such as construction and automotive parts manufacturing, get ready for the reopening of plants and offices.

Earlier this month,, which has an AI-powered enterprise software product that assesses risk and safety at work sites for construction companies, released a new capability that detects if two people are closer than one-person length apart and if more than 10 individuals are gathered.

“We’re working hard to help our customers to stay open and in a safe manner,” said Josh Kanner, its founder and chief executive officer.

The entire article can be found on the Wall Street Journal article.

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