Q:Could you provide our readers with a brief introduction to your company?

A: Certainly! Thales Group is an international high-tech company, well known for its innovation in various technological fields in defense, aerospace, and digital identity & security. Its products and services are widely used by governments, militaries, commercial enterprises, and other organizations around the world. The company’s goal is to provide solutions that ensure safety, security, and efficiency in an increasingly complex and interconnected world.

Q:Any highlights on your recent announcement?

A: Thales Evidence and Investigation Suite is the final result of a multifaceted effort initiated months ago to provide security officers with a comprehensive solution that allows them to complete some of their most vital operations with confidence and speed. When it comes to solving crimes and researching people of interest, biometric identification has become an undeniable ability. For decades, customers in law enforcement and the military have been able to trust us because our solutions are reliable and effective, constantly ranking among the very best on the market.

However, the world is changing at a rapid speed. New applications emerge, bringing with them new challenges: we’re hyper-connected, and we expect to be able to do everything, everywhere, and with rapid results. We think that public security must lead the way in this new digital environment, and Thales Evidence and Investigation Suite is available to help agencies succeed.

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Q:Can you tell us more about your product?

A: We have placed a strong focus on mobility – or, as I prefer to call it, ultra-mobility. We aim to put advanced forensic features, right down to lab capabilities, in the hands of first responders, whether in the context of street-level policing or tactical operations. We strive to provide the field with a comprehensive toolkit that will enable them to respond boldly and quickly when every minute matters. And to maximize the benefits that smartphones, connected devices and cloud computing have to offer the profession.

Q:What can we expect from your company in next 12 months? What are your plans?

A: Well, there is an increasing need for flexibility and accessibility. Beyond our public security offering, numerous Thales technologies are positioned to provide enhanced capabilities in that area – all while ensuring an ever-increasing core performance and uncompromised security (our hallmark).

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Q:What is the best thing about your company that people might not know about?

A: Thales is well-known for being a player in defence and national security. We have been a long-term partner for many governments in that arena, assisting in the protection of citizens ‘behind the scene’. What is less well known is that Thales is a world leader in citizen identification solutions. Indeed, many people all around the globe are inadvertently able to travel, get welfare benefits, and complete different administrative duties because they can prove who they are in the real or digital world (due to Thales-produced passports or ID cards and corresponding digital versions).

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Investing in the Future of Fintech

The world of investing has been revolutionized by apps, making stock market trades accessible to everyone. Alpaca, a startup based in San Mateo, is at the forefront of this transformation. Specializing in stock and crypto brokerage trading services via API, Alpaca empowers fintech companies to integrate this functionality seamlessly into their applications.

Key Takeaways:

• Strategic Investment: Alpaca recently announced a significant milestone – securing a $15 million convertible note from the Japanese financial powerhouse, SBI Group. This strategic move has increased Alpaca’s total funding to an impressive $120 million since its 2015 inception.
• Asian Expansion: The investment will serve as a catalyst for Alpaca’s growth in Asia. As CEO Yoshi Yokokawa highlighted, the company’s B2B2C model already serves over 5 million users through more than 100 corporate partners across 30 countries. With nearly 20% of its clientele based in Asia, primarily Southeast Asia, this investment will further solidify its presence in the region.
• Japanese Market Penetration: SBI Group’s investment is expected to bolster Alpaca’s user base in Japan. Currently, Alpaca collaborates with two Japanese clients, SBI and Woodstock. With SBI’s expansive network and $2.6 billion assets under management, Alpaca anticipates welcoming more Japanese users.
• Product Expansion: Alpaca isn’t just stopping at geographical expansion. The company has ambitious plans to introduce new offerings for its U.S. clientele, including options, bonds, mutual bonds, and individual retirement account services.
• Impressive Growth: Since its $50 million Series B in 2021, Alpaca has witnessed a staggering 17-fold increase in revenue and a 15-fold growth in the number of investing apps on its platform. Despite this growth, the company has streamlined its operations, reducing its staff from 175 to 150.
• Crypto API’s Potential: Alpaca’s foray into the crypto world in October 2021 with its crypto API hasn’t yet yielded significant revenue. However, with the potential recovery of the crypto market, the company remains optimistic about its future contributions.
• Community Building: Alpaca’s commitment to innovation is evident in its robust developer community. Tens of thousands of active monthly developers experiment with Alpaca’s products, crafting sample codes to engage with its brokerage platform via API.

Alpaca’s recent partnership with SBI Group underscores its commitment to expanding its global footprint and enhancing its product offerings. As the fintech landscape continues to evolve, Alpaca’s strategic moves position it as a formidable player in the industry. With a focus on both geographical and product expansion, the future looks bright for this innovative startup.

Please email us your feedback and news tips at hello(at)techcompanynews.com

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The Future of Dairy is Here

Bon Vivant, is revolutionizing the dairy industry by using precision fermentation to produce animal-free milk proteins. This innovative approach not only offers a sustainable alternative to traditional dairy but also has a significantly lower environmental footprint.

Investor Confidence in Bon Vivant’s Vision

Despite the challenges many tech founders face in raising funds, Bon Vivant has managed to secure substantial investments. Following its 4 Million pre-seed in April 2022, the company recently announced an oversubscribed 15 Million seed round. This round saw participation from notable investors such as Sofinnova Partners, Sparkfood, Captech Santé, and others.

Distinctive B2B Strategy

CEO and co-founder, Stéphane MacMillan, highlighted the company’s unique B2B approach. Unlike many competitors who target consumers directly, Bon Vivant aims to supply the food industry. This clear strategy has been a significant factor in attracting investors and differentiating the startup from others in the market.

Versatility in Protein Production

Bon Vivant is developing microbial yeast strains capable of producing both whey and casein. This dual approach ensures a broad range of applications for the food industry, from texturizing to foaming. MacMillan believes this gives them an edge over competitors who might be focusing on just one type of milk protein.

The Market Potential for Animal-Free Dairy

While there are numerous plant-based milk alternatives available, few can match the nutritional quality, properties, or taste of cow’s milk. Bon Vivant’s precision fermented proteins, however, are indistinguishable from cow’s milk proteins. This opens up a vast market potential, from milkshakes and yogurts to cheeses and baked goods.

Regulatory Hurdles and Future Plans

Bon Vivant is optimistic about obtaining regulatory clearance in the US by 2025. However, the European Union might take longer due to its stringent food safety regulations. The recent seed funding will be used to scale production, open a new lab in Lyon, and work towards regulatory approvals.

Environmental Impact and Sustainability

An early Lifecycle Assessment Report indicates that Bon Vivant’s fermentation process could drastically reduce environmental impacts. The process might cut greenhouse gas emissions by 97%, water consumption by 99%, and energy usage by 50% compared to traditional dairy farming.

A Vision for a Sustainable Dairy Future

Bon Vivant’s mission aligns with the global push for sustainability. The company envisions a future where precision fermented proteins complement traditional dairy, helping the industry meet rising demand while reducing its carbon footprint. With passionate founders and a clear strategy, Bon Vivant is poised to lead the way in sustainable dairy innovations.

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Q: Could you provide our readers with a brief introduction to Avricore Health Inc.?

A: Avricore Health Inc. (TSXV: AVCR) is a pharmacy service innovator focused on acquiring and developing early-stage technologies aimed at moving pharmacy forward.

Through our flagship offering HealthTab, a wholly owned subsidiary, we generate revenues today from the network of Shoppers Drug Mart and Rexall pharmacies in Canada. And soon, we will launch in the UK with an exciting feasibility studies in collaboration with Barts Heart Centre and HEART UK.

HealthTab is a turnkey point-of-care testing solution that combines best-in-class point-of-care technologies (POCT), thanks to our partnership with Abbott Rapid Diagnostics, and our secure cloud-based platform for tackling pressing global health issues. With just a few drops of blood from a finger prick, the system generates lab-accurate results on the spot and data is reported in real-time. The test menu includes up to 23 key biomarkers for screening and managing chronic diseases, such as diabetes and heart disease (e.g., HbA1c, Lipid Profile, eGFR). HealthTab has also recently added capabilities for bacterial and viral tests, such as strep and COVID-19.

Most importantly, we’re addressing a large and ongoing need: That is supporting pharmacies drive more clinical services revenues as they work with patients on chronic and infectious disease concerns.

Q: What is your company mission?

A: Our mission is to make actionable health information more accessible to everyone by creating the world’s largest network of rapid testing devices in community pharmacies. As we accomplish this, we are bringing actionable health data to more pharmacies around the world, empowering patients and healthcare teams to make better decisions about their health, faster.

Q: Any highlights on your latest announcement?

A: We’ve been growing substantially, while maintain strong fiscal controls, ensuring HealthTab is cashflow positive and we are able to grow organically and compound our growth.

Additionally, we launched with Rexall, one of Canada’s largest pharmacy retailers and subsidiary of McKesson, a global leader in healthcare.

All of this speaks to our growth potential and ability to deliver quality point-of-care testing solutions and data management in a sustainable and profitable way – something that other just haven’ been able to do.

Q: What can we expect from Avricore in next 6 months? What are your plans?

A: We expect to grow aggressively in Canada and hope to earn the support of the UK NHS to scale up in that country. We also expect to see more international markets open up to us, as every nation is struggling with delivering care and containing the costs related to chronic disease, which is often more than 70% of healthcare spending.

We are also excited about more connectivity with global health tech leaders, such as Ascensia, where we recently announced the connection of their Contour NextGen glucose meters to HealthTab. This will be the first time we will have “near-to-patient” data collected by our platform, offering better insights into patient health outcomes, but also demonstrating how HealthTab can evolved and serve wearables and other emerging technologies.

Q: What is the best thing about Avricore that people might not know about?

A: I think people need to know that HealthTab network model is unlike anything in pharmacy today. It gives knowledgeable and trusted pharmacists a greater role in primary care delivery while empowering patients to take more control of their health.

It also reduces costs and waiting times and provides many potential revenue streams including equipment leasing & consumables, direct access testing, disease prevention & management programs, sponsored health programs, decentralized clinical trials, real-world data (RWD) sets, and third-party app integration through API.

So, with pharmacy being a $1.6 trillion business around the world and it needing to pivot to offering more clinical services, there is huge opportunity for companies like us to service that need. We are first to market and are leading the way, it’s very exciting!

The post An Interview With Hector Bremner, CEO At Avricore Health Inc. appeared first on Tech Company News.

A New Wave of Funding for Harbour

Contract management startup, Harbour, has recently secured $15 million in a Series A funding round. Notable participants in this round include Jonathan Klein, Co-Founder of Getty Images, Scribble Ventures, and The Palmer Company. With this new injection of funds, Harbour’s total capital raised now stands at $20 million.

Investing in Growth and Product Development

The fresh capital will be channeled towards expanding Harbour’s team, which currently consists of 12 members. Additionally, the funds will bolster the startup’s sales, go-to-market strategies, and further its engineering and product development endeavors.

Balancing Automation with Augmentation

Josh Elkes, Co-Founder and CEO of Harbour, emphasized the challenges the digital contracting industry faces. He stated, “The biggest challenge… is continuing to strike the right balance between automation and augmentation as AI becomes a stronger force across all markets.” Harbour’s mission is to enhance business processes rather than replace them. The platform is designed to integrate effortlessly with other systems, ensuring contracts move smoothly from drafting to execution.

The Genesis of Harbour

Elkes, along with Co-Founder Eric Doversberger, established Harbour in 2019. Elkes’ background in content licensing at Downtown Music and Getty Images, combined with Doversberger’s decade-long experience with Google’s people analytics team, provided the duo with unique insights. Their mutual interest in refining legal back-office workflows led to the creation of Harbour.

Addressing the Creator Economy’s Needs

Elkes highlighted the growing demand for efficient contracting software as the creator economy expands. He compared the outdated contracting process to “sending a wire transfer every time you should be using Venmo.”

Features of the Harbour Platform

Harbour serves as a comprehensive contract lifecycle management (CLM) platform. It offers:

• Modules to simplify contract writing, modification, and signing.
• Real-time editing tools and e-signature integration.
• AI-powered extraction of actionable company information.
• Autonomous contract language writing and updating, subject to human approval.

Harbour’s Expanding Clientele and Revenue

While Elkes did not disclose exact figures, he mentioned that Harbour’s business has tripled annually, surpassing $1 million in recurring revenue. Their client base, which exceeds 2,000 companies, now includes prominent names like Paramount, Lincoln Center, and Smartshift.

The Growing Market for CLM

The contract lifecycle management space, though smaller than customer relationship management, is witnessing rapid growth. Gartner predicts a threefold increase in legal tech spending by 2025. Harbour faces competition from other CLM vendors, but Elkes remains optimistic about Harbour’s position and future in the market.

Harbour’s recent funding and its innovative approach to contract management underscore the potential of automation and AI in the legal tech space. As businesses seek more efficient ways to manage contracts, platforms like Harbour are poised to lead the way.

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A Timely Exploration

Abbey Research, renowned for its insightful research and educational content, has unveiled its latest project. Dr. Kristen Donnelly and Dr. Erin Hinson, the dynamic duo behind the organization, have announced the launch of their upcoming book titled The Culture of Burnout.

Delving Deep into Burnout

The book promises to delve deep into the intricacies of modern burnout, exploring its roots and offering insights into combating this pervasive issue. With the increasing demands of the digital age, burnout has become a topic of concern for many, making this book a timely and essential read.

The Expertise Behind the Book

Dr. Kristen Donnelly, with her extensive background in research and social work, alongside Dr. Erin Hinson’s vast experience in educating and empowering inclusive communities, brings a unique perspective to the table. Their combined expertise promises a comprehensive look into the multifaceted nature of burnout, from its historical context to its present-day implications.

Abbey Research’s Commitment

Abbey Research, founded in 2015, has always been at the forefront of addressing contemporary issues. With a mission to educate and empower, the organization has consistently provided valuable resources and training to its audience. This new book is a testament to their commitment to fostering understanding and promoting well-being.

Redefining the Burnout Narrative

The Culture of Burnout is not just another self-help book. It aims to redefine the narrative around burnout, offering readers a fresh perspective on achieving balance and well-being in their lives. Early reviews hint at the book’s engaging, informative, and transformative content, making it a must-read for anyone seeking to understand and navigate the challenges of modern life.

Already a Best Seller

In its first week of release, The Culture of Burnout commanded a spot on the Amazon Best Seller list. It’s available now on Amazon in both paperback and Kindle formats.

The post Abbey Research’s Dynamic Duo Announces New Book On Burnout Culture appeared first on Tech Company News.

Zest Equity is making waves in the private market sector. With a fresh injection of seed funding, the startup is poised to further digitize and streamline the world of private market dealings.

A Glimpse into the Funding Round

Zest Equity, has successfully secured $3.8 million in seed funding. This funding aims to develop advanced tools that facilitate swift, transparent transactions for ecosystem players. Moreover, it seeks to enhance liquidity through secondary deals.

The seed funding round witnessed leadership from Middle East Venture Partners (MEVP). Notable participants included the Dubai Future District Fund (DFDF) and DASH Ventures. With this latest financial boost, Zest Equity’s total funding now stands at an impressive $5.7 million.

The Genesis of Zest Equity

Founded in 2021 by Rawan Baddour and Zuhair Shamma, Zest Equity initially emerged as a marketplace for secondary trading. However, its rapid evolution saw it transform into a platform that empowers ecosystem players, such as founders and venture capitalists, to conduct transactions swiftly and transparently online. This is a significant shift from the traditional offline, often cumbersome and expensive, transaction methods.

The motivation behind this transformation? A glaring absence of infrastructure that promotes efficient communication, connectivity, and information sharing in a digital, cost-effective manner.

A Tech-First Approach to Private Market Dealings

Rawan Baddour, a former banking executive and Co-Founder of Zest Equity, emphasized the company’s commitment to digitization. “We’re digitizing a lot of what is actually very manual,” Baddour shared with TechCrunch. The goal? To automate as much as possible, crafting a platform that’s both unique and scalable.

Zest Equity offers a suite of tools for founders, allowing them to invite investors to fundraising rounds, disseminate vital information like pitch decks and cap tables, and monitor deal progress. On the flip side, investors can express their interest, view other participating VCs, and finalize documents with ease.

Legal Infrastructure and New Tools on the Horizon

Zest Equity doesn’t stop at digital tools. They also provide the necessary legal infrastructure, enabling investors to form investment groups or special purpose vehicles. This approach not only saves time and administrative costs but also simplifies the investment process, especially for angel investors.
With the recent funding, Zest Equity plans to develop even more tools to further streamline the process. One such initiative includes tools that standardize the process for secondary share trade, ensuring transparency, expediting sale approvals, and simplifying liquidity access for investors.

Zest Equity’s Growing Impact and Future Plans

Walid Mansour of MEVP highlighted Zest Equity’s rapid ascent as a reliable solution for digitizing private market transactions in the Middle East. As startups and investors continue to mature, the demand for such solutions is only set to grow.

With an eye on expansion, Zest Equity is targeting emerging markets, including North Africa, South Asia, and Turkey, identifying similar market gaps and challenges.

In conclusion, Zest Equity’s innovative approach to private market transactions is setting new standards in the industry. With its recent seed funding and a clear vision for the future, the startup is well on its way to reshaping the landscape of private market dealings.

Please email us your feedback and news tips at hello(at)techcompanynews.com

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Q: Could you provide our readers with a brief introduction to Mirador, Inc.?

A: Mirador, Inc. was founded in 2015 in Darien, CT with one employee, one client, and one idea–to serve those who serve significant wealth. Mirador’s leadership and employee roster is comprised of wealth management and technology experts drawn from family offices and wealth management firms and is focused on delivering an array of services specifically developed for advisors to UHNW investors. Services include consolidated financial reporting, private investment support, alternative investment data management, K-1 document management, and compensation management for wealth management firms. The company also has a technology consulting team offering bespoke wealth technology solutions in an ever-evolving landscape.

With a core firm tenet of delivering exceptional client service, Mirador’s subject matter experts serve three primary constituent groups: UHNW families and single-family offices; wealth managers, multi-family offices and RIAs; endowments and foundations. As a managed services partner to its clients, Mirador remains technology agnostic and free from conflict in guiding clients to the right solutions and best outcomes. Through partnerships with leading third-party technology platforms, Mirador consults on everything from technology selection to implementation and even ongoing system operation. As an extension of its clients’ teams, Mirador frees clients from technical and time-consuming operational tasks and allows them to focus on what really matters–creating value for their clients and their firm.

Mirador’s flagship award-winning consolidated reporting service provides clients with insightful, real-time views of all portfolio assets and liabilities across all managers, regardless of asset class, custody, or currency. Providing reports that are strategically constructed to identify opportunities and expose financial risks, Mirador’s goal is to create true, ongoing client partnerships and ensure data integrity, cull new insights, answer questions, and resolve inconsistencies.

In addition to its headquarters in Stamford, CT, Mirador, Inc. has offices in Chicago, Jacksonville, Salt Lake City, and internationally in London, Edinburgh, and Dublin and currently employs more than 160 people. The firm supports the requirements of clients throughout the Americas, EMEA, and Asia Pacific.

Q: Who is your ideal client and why?

A: Mirador’s ideal client is a wealth manager or institutional investment manager overseeing a portfolio typically larger than $50 million, and often larger than $1 billion. As such, chief investment officers of single-family offices, multi-family offices or RIAs serving ultra-high net worth clients and endowments and foundations fall into our target segments. Why is this? Portfolios of these sizes are typically managed by more than one advisor, are comprised of a diverse set of investment classes with varying data feeds, and are often valued in multiple currencies – making it very difficult to review the overall portfolio holistically. That’s where consolidating performance reporting technology comes in. In addition to performance reporting, advisors and wealth managers serving UHNW investors require several other specialized services that we provide.

Q: Can you tell us more about your services?

A: A core tenet of the services Mirador offers is centered around the notion that technology can deliver great efficiencies to many tasks within the wealth management industry, but it doesn’t run itself. Many of Mirador’s services are enabled by technology, but only viable due to our subject matter expertise. In addition to our award-winning consolidated financial reporting service (operating best-in-class 3rd party technology), we also provide private investment support, alternative investment data management, K-1 document management, and compensation management for wealth management firms. The company also has a technology consulting team offering bespoke wealth technology solutions.

Q: What can we expect from Mirador in next 6 months? What are your plans?

A: As was recently announced in September, Mirador will be doubling down on its efforts to grow its business in supporting institutional managers – endowments, foundations, and pensions. With non-for-profit boards often comprised of volunteers who outsource their investment management duties, our performance reporting services are a perfect fit to support data-driven decision making not currently available to many institutions. Additionally, with new offices in Edinburgh and London, Mirador is making a concerted effort to expand its support for family wealth across Europe.

Q: What is the best thing about Mirador that people might not know about?

A: Since we become an expert extension of our clients’ staff, hiring Mirador adds expertise, eliminates key-person risk, and reduces time, energy and cost associated with recruiting, training and maintaining an internal team – perfect for firms looking to scale their business.

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Introducing Lottie A Solution to the Care Home Dilemma

Lottie, is an online marketplace, founded in 2021 by brothers Will and Chris Donnelly, Lottie assists individuals in finding the best care homes and services tailored to their needs. The platform also extends its services to home-care. With a user base of approximately 500,000 monthly users, Lottie has witnessed a staggering 300% growth in the past year.

Lottie’s Recent Funding Milestone

Building on its previous $7 million funding round, Lottie recently announced a $21 million Series A funding round. This investment was spearheaded by the renowned U.S. venture capital firm, Accel, and saw participation from another existing investor, General Catalyst.

Digital Transformation in the Social Care Sector

Historically, the social care sector has remained relatively untouched by the digital wave. Families often had to directly engage with local care services or rely on directories and websites that might not provide comprehensive information. Lottie’s acquisition of the care home software company, Found, has been a game-changer. Many care homes utilized Found for managing occupancy and CRM. With this integration, Lottie now showcases real-time service availability, ensuring listings only display care homes with actual vacancies. This feature is particularly beneficial for families needing to secure a care home swiftly.

Lottie’s Business Model and Future Aspirations

Lottie’s monetization strategy is multifaceted. Through its primary marketplace, care providers are charged for lead generations on a pay-per-query basis. However, with the integration of Found, Lottie will soon transition to a marketplace model, taking a percentage fee from each residency booked via its platform. Additionally, as a SaaS entity, Lottie will charge care providers for using its software, starting at £150 per month.

While Lottie’s current focus remains on the UK care home market, its association with major U.S. VC firms hints at broader global ambitions. The company’s international expansion is on the horizon, with the U.S. market being a potential first step due to its similar market characteristics.

Lottie’s innovative approach to addressing the challenges in the UK care home sector, combined with its recent funding success, positions it as a significant player in the industry. With plans to expand its team and further develop its tech, Lottie is poised to redefine the care home experience for many families.

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The Vision Behind Electric Seagliders

The world of electric aviation has faced challenges due to the limited range of batteries and the lengthy certification process. Billy Thalheimer, the Co-Founder and CEO of Regent, believes the solution lies in electric seagliders. These vehicles combine the principles of hydro-foiling watercraft and electric aviation, operating like boats in docks and harbors but taking off like aircrafts over open waters.

A New Class of Vehicle: Wing-in-Ground Effect

Electric seagliders fall under a unique category known as wing-in-ground effect vehicles (WIG). These vehicles are governed by maritime jurisdiction both internationally and domestically. The certification process, though lengthy, doesn’t compromise on safety. Instead, it offers a more direct regulatory route. Seagliders always operate within one wingspan of the water’s surface, leveraging the ground effect for aerodynamic efficiency and improved range.

Performance and Potential

Regent’s seagliders are designed to reach cruise speeds of up to 180 mph and can travel up to 180 miles on a single charge. With advancements in technology, Thalheimer envisions battery ranges extending from 350 to 500 miles by the end of the decade.

Funding and Future Plans

Regent has successfully secured $60 million in a Series A funding round, with contributions from 8090 Industries, Founders Fund, and other notable investors. The funds are earmarked for building a proof-of-concept prototype and expanding the team. Regent has two products in the pipeline: Viceroy, a 12-passenger vehicle, and Monarch, a 100-passenger seaglider. Trials are set to commence next summer, with the first human flight anticipated by the end of 2024.

Expanding Horizons: International Collaborations

Regent has entered into a memorandum of understanding with Japan Airlines, aiming to establish seaglider operations in Japan. However, the vision doesn’t stop there. Potential markets include Miami, the Bahamas, the Pacific Northwest, Hawaii, the Mediterranean Sea, the English Channel, and the North Sea.

In conclusion, electric seagliders represent a promising avenue in the realm of sustainable transportation. With the backing of significant investments and a clear roadmap, the future looks bright for Regent and its innovative approach to travel.

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