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EcoSmart Solution LLC is pleased to announce the appointment of Richard D’Amore and Paul Deninger to the EcoSmart Board of Directors, increasing the size of its non-executive Board to five, effective October Sᵗʰ 2021.

Their appointment follows a successful recapitalization and growth round raise of $33,000,000 in 2021. The firm is now targeting accelerated growth as it participates in the rapid scale up of interest in decarbonized, electrified and resilient real estate.

Paul and Rich are recognized business leaders with a combined 60+ years of extensive management experience, knowledge of the technology market, capital markets and investment banking. They join existing board members, Peter Merrigan (Chairman), Erik Rijnbout and Eric Bradley and will add their unique business and dynamic leadership experience sets which will be vital to guiding EcoSmart’s growth.

Richard D’Amore
With three decades of experience in venture capital, Rich is currently a General Partner of North Bridge Venture Partners, an early-stage venture capital and growth equity firm he co-founded in 1994. He also serves on several Boards for both public and private companies. Prior to starting North Bridge, Rich was a partner at Hambro International Equity Partners, where he invested in both early- stage projects and special situations. Before Hambro, Rich worked as a consultant at Bain and Company, and as a certified public accountant with Arthur Young and Company.

A dedicated supporter of higher education, Rich is on the Board of Trustees at Northeastern University, where he promotes innovation and research that can drive economic growth. Rich holds a BS from Northeastern, summa cum laude and also has an MBA from Harvard University Graduate School of Business Administration where he was a Baker Scholar.

Paul Deninger
An experienced Board Director, former CEO, and CEO Advisor, Paul has particular expertise in strategies for resource and capital allocation to achieve growth and value creation. Over the past 30 years, he has advised hundreds of CEOs and boards on shareholder value creation, including how to leverage technology to achieve transformation and growth. He has deep capital markets experience, having completed over 150 IPO, M&A, and financing transactions with the world’s leading technology companies and top-tier investment firms. In that same time, he has also built deep knowledge of, and insight into, the most important technology markets and use cases, including software and SaaS, networking, cybersecurity, marketing services, other internet and technology-based services, IoT, AI and machine learning.

Paul holds an MBA from Harvard Business School and a BS from Boston College.

Through the newly appointed members’ demonstrated expertise and proven track record, the Board will focus on accelerating product development, refinement and commercialization of technologies, and preparing the organization to scale up. Peter Merrigan noted that “The Board looks forward to working closely with both Rich and Paul to tap into their extensive experience in transforming early- stage growth companies into significant platforms for growth and positioning those firms for possible entry into public markets.”

Trace Genomics announces the appointment of Dr. Robert (Robb) Fraley to its board of directors. Dr. Fraley, who served for nearly 40 years as chief technology officer at Monsanto and helped develop the first genetically modified seed, will provide guidance to the company as it advances its ground-breaking science and products in the field of soil DNA testing.

His role in advancing biotech innovation in global agriculture the past four decades is truly unparalleled. We are honored to have Robb, a true pioneer in ag biotechnology who will bring his vast expertise and unique vision to a talented board

Dan Vradenburg, chief executive officer, Trace Genomics

Often recognized as the father of agriculture biotechnology, Dr. Fraley led a team of agriculture scientists at Monsanto dedicated to developing seeds and solutions that help farmers produce a more abundant, affordable and sustainable food supply. He oversaw a team of researchers focused on plant breeding and biotechnology, ag biologicals, ag microbials, precision agriculture and crop protection innovations.

Additional information can be found in the agfundernews article.

The ChaosSearch Data Platform takes the top honor in two Security Analytics Product Categories

ChaosSearch today announced that its ChaosSearch Data Platform won Gold in two 2021 Cybersecurity Excellence Award product categories: Best Security Analytics Solution and Best Security Log Analysis solution. The awards recognize ChaosSearch’s leadership and innovation in this fast-growing segment of the overall cybersecurity market.

“Enterprise security operations teams require a robust and scalable log analytics platform as the foundation of their cyber protection strategy,” commented Ed Walsh, CEO of ChaosSearch. “Today’s awards demonstrate that ChaosSearch stands out in this crowded field, based on our unique ability to deliver security insights at scale while delivering significant cost savings. We’re thrilled to have Cybersecurity Excellence judges validate our platform’s unique value for our customers.”

By allowing customers to centralize more data, from a wider range of sources, and retain data online for 12 months or longer, ChaosSearch enables significant improvements in several security use cases that require log analysis including monitoring and alerting, forensic investigations, threat hunting, and several others.

“With our daily log and event volume exceeding tens of terabytes a day and growing, it became clear that we needed to find a new log analysis solution which could scale with Armor’s growing business,” said Josh Bosquez, Chief Technology Officer at Armor, a cybersecurity software provider with over 1,500 customers worldwide. “We explored several options, and found that ChaosSearch could deliver the reliability, scale and expanded retention we needed.”

Additional information can be found in the businesswire press release.

Fisker – designer and manufacturer of the world’s most emotion-stirring, eco-friendly electric vehicles, and advanced mobility solutions – today announced it has entered into a MOU with Hon Hai Technology Group (TWSE:2317) (Foxconn) supporting a project to develop a breakthrough electric vehicle. Fisker and Foxconn to jointly develop a breakthrough new segment vehicle. Foxconn to manufacture the vehicle at projected annual volumes of more than 250,000. Global market scope – including North America, Europe, China, and India. Projected start of production is Q4 2023; this will be the second vehicle introduced by the Fisker brand, following the launch of the Ocean SUV in Q4 2022.

We created our company to disrupt every convention in the auto industry. The creation of Project PEAR with Foxconn brings together two likeminded and complementary companies, each focused on creating new value in a traditional industry. We will create a vehicle that crosses social borders, while offering a combination of advanced technology, desirable design, innovation and value for money, whilst delivering on our commitment to create the world’s most sustainable vehicles.

Henrik Fisker, Fisker Chairman and Chief Executive Officer

The Fisker and Foxconn partnership brings together two global leaders in innovation that will join forces to unlock the potential of the electric vehicle industry. Foxconn’s participation in the electric vehicle industry delivers a refreshing thrust into the Information and Communication Technology (ICT) industry that is already focused on this exciting sector. The key success elements of electric vehicle development include the electric motor, electric control module and battery. We have two major advantages in this regard, with an exceptional vertically integrated global supply chain and the best supply chain management team in our industry. Coupled with our accumulated engineering capabilities, Foxconn has been critical to the success of many ICT companies over the past 40 years and we look forward to extending this success with Fisker.

Young-way Liu, Foxconn Technology Group Chairman

Additional details can be found on the Business Wire Press Release.

New Board of Advisors to help guide mass-market adoption of wireless EV charging

WiTricity announced an additional $18 million to its previously announced October fund raise of $34 million. The extension included investments from Tony Fadell’s Future Shape and other private investors. Fadell also joins WiTricity’s newly formed Board of Advisors.

Stage 1 Ventures led the first tranche of $34 million with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its U.S. subsidiary, Mitsubishi Corporation (Americas).

As global automakers race to support both consumer and government-generated demand for zero-emissions vehicles, they are also developing wireless charging capabilities that will improve the owner experience. Many of the world’s top automakers and their Tier 1 suppliers have licensed WiTricity’s technology, including Toyota, Mahle, TDK, IHI, Shindengen, Daihen, Aptiv, Anjie Wireless, Yura, VIE, Green Power, and Lumen Freedom. The technology can already be seen in action with McLaren’s Speedtail Hyper-GT and the BMW 530e iPerformance.

With EVs we traded pumping gas with a dirty, heavy hose for pumping electrons with a dirty, heavy charging cable? That’s not revolutionary! Why can’t you just park anywhere—at home, at work, out shopping—and charge without plugging in?! WiTricity has created the global standard for high-efficiency wireless charging. WiTricity’s patented tech is being deployed worldwide in cars, buses, bikes, and robots.

Tony Fadell, Principal at Future Shape

New Board of Advisors

As the company readies for the transition from technology and standards development to broad market adoption, WiTricity has secured advisory support from several of the world’s leading authorities on designing consumer experiences, building leading edge technology, and monetizing intellectual property. The new Advisory Board includes:

  • Dr. Grant Covic, Professor of Engineering at the University of Auckland, New Zealand, where there are more than 40 Ph.D. and postdoctoral researchers on campus working on wireless charging. Covic leads industrial and EV wireless power research efforts, is a pioneer in inductive power transfer, and actively collaborates in WiTricity research.
  • Tony Fadell, Principal at Future Shape, a global investment and advisory firm. Fadell is the founder and former CEO of Nest (acquired by Google), and former SVP of Apple’s iPod Division, where he led the development of the first 18 generations of the iPod and first three generations of the iPhone.
  • Bill Merritt, President and CEO of InterDigital, the mobile and video technology research and development company. Merritt is an expert in intellectual property and leads one of the most successful technology licensing businesses of all time.
  • Dr. Marin Soljačić, Professor of Physics at Massachusetts Institute of Technology (MIT), MacArthur Fellow and WiTricity founder. Soljačić and his team developed the foundational technology for wireless power transfer over distance via strongly-coupled magnetic resonators and founded WiTricity in 2007.
  • Jack Watanabe, President of Climeon Japan, a clean energy company. Watanabe is a 36-year veteran of Mitsubishi Corporation, having last served as the chief strategist and SVP of Mitsubishi Energy Group.

Additional details surrounding this announcement can be found in the Business Wire press release.

Marxent, the leader in 3D Commerce for the home vertical, announced it has secured Series C financing. The cash infusion will fund strategic value creation opportunities such as international expansion and new product development.

Marxent’s mission is to create a 3D ecosystem for enterprise furniture, building products, and home improvement retailers and manufacturers that makes it easy to sell high-value, configurable products online.

“Marxent’s 3D commerce platform will transform both the customer experience and underlying ecosystem like Netflix and Tesla did for their categories. With a blue-chip client base, proven ROI, millions of buyable SKUs, and hundreds of millions in 3D-enabled sales, Marxent’s 3D Cloud is the virtual selling platform of choice for high-value, configurable products for the home,” said Arnie Bellini of Bellini Capital, the lead investor in the round. “3D-enabled selling was already an emerging growth category. COVID has further accelerated the demand for virtual selling of home goods and Marxent is the recognized technology leader in the space enabling the experience.”

Additional details surrounding this offering can be found in this venturebeat article.

Here is the “Complete Vehicle Expertise New Entrant Enabler” presentation released during CES2010. During the presentation, Henrik Fisker, CEO of Fisker Inc. is interviewed about their partnership and upcoming offerings in the automobile space.

Smartvid.io, the construction safety artificial intelligence platform, has announced a new $5 million round of funding, bringing the total the software company has raised to $21 million. 

Smartvid.io uses AI to address risks and improve jobsite safety, cutting incident rates by as much as 50% for major contractor clients, including Suffolk, Skanska and Barton Malow, the firm says.

In recent months, Smartvid.ip has used data to help understand regional COVID-19 responses and provide baselines upon which contractors can compare their processes / protocols and determine where they can improve jobsite health and safety.

A complete press release can be found here.

ChaosSearch, whose next-generation data platform for analytics delivers insights at scale for enterprise customers worldwide, announced that David Collins has joined the company as VP of Sales. Collins is a data technology veteran with deep experience helping F500 businesses optimize data storage and analytics, and unbridled success at growing sales organizations and revenue. His appointment comes on the heels of ChaosSearch’s record-breaking 2020 and the close of a $40M B round.

“David has had his finger on the pulse of this industry for years. He intimately understands how to help businesses get substantial value from massive data lakes. His expertise in big data and in expanding sales organizations will help ChaosSearch scale quickly to meet demand and capitalize on new opportunities.”

Ed Walsh – CEO ChaosSearch

Collins brings three decades of industry experience and entrepreneurial leadership to ChaosSearch. He was recently Actian Corporation’s VP of Worldwide Sales for Cloud Data Warehouse. Before that, Collins was VP of Sales for Attunity. There he was integral in moving the company from a virtual unknown to the market leader in real-time streaming data integration, resulting in a 400% increase in market capitalization prior to Qlik’s acquisition of the company. Earlier, he served as Intel Corporation’s Worldwide Director of Big Data. He is a graduate of Brandeis University in Massachusetts.

Additional information can be found in the AIthority article.

A start-up is offering to deliver vertically-farmed vegetables to Londoners homes within 24 hours of harvesting in a first for the capital.

Crate to Plate, founded by former banker and scion of the supermarket dynasty, Sebastien Sainsbury, currently grows all its leafy greens inside three giant shipping containers on the Isle of Dogs.

The company, launched in London earlier this year, grows salad and herbs using hydroponics – which means seeds are grown year-round on vertical and horizontal racks without any soil or pesticides. The amount of water, light and “specially mixed” nutrients each kale or basil plant receives is carefully controlled.

Additional information can be found in the Evening Standard business article.

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