vHive Secures $4M in an Investment led by Deutsche Telekom to Accelerate Expansion in the Enterprise Drone Hive Software Market
NEW YORK and LONDON, Oct. 14, 2020 /PRNewswire/ —
Funding will support vHive’s rapid growth trajectory as it helps enterprises gain business insights to their field assets while streamlining costs
- vHive’s platform digitizes enterprise’s field assets using autonomous drone hives, powering their digital business transformations.
- Deutsche Telekom, one of the world’s leading integrated telecommunications companies is making a strategic investment in vHive to propel further expansion in the telecom industry.
- Enterprises benefit from accurate data analytics and insights about their field operations creating a tremendous market opportunity for vHive’s technology.
vHive, the only software solution that enables enterprises to digitize their field assets and operations using autonomous drone hives, announced today a $4 million extension to its Series A, led by Telekom Innovation Pool (TIP), Deutsche Telekom’s strategic investment fund advised by DTCP. Existing investors Octopus Ventures and StageOne Ventures participated in the funding, which will accelerate the company’s growth and expansion in the enterprise drone software market. Joel Fisch, Deutsche Telekom Vice President and TIP Co-managing Director has joined the Company’s board of directors.
Deutsche Telekom, one of the world’s leading telecommunication companies, is investing in vHive to fuel the company’s continued expansion in markets that are going through digital transformation using autonomous drone hives. These markets include telecom, construction, cranes, insurance and others. The investment will support vHive’s leadership in data analytics, computer vision and AI, and further automate recognition of items of interest. Deutsche Telekom with its global portfolio, will assist in applying vHive’s solution in the Telecom space.
“We are thrilled to have the backing of a significant industry player such as Deutsche Telekom as a testimonial to vHive’s innovation,” said Yariv Geller, CEO and co-founder of vHive. “Deutsche Telekom’s investment demonstrates their commitment to digitizing their infrastructure using the vHive platform as
AI Adoption Accelerates during COVID-19 Pandemic; 68% of US Businesses Increased Investment in AI Technologies
Use of AI technologies reached 81%, up 33 percentage points since 2018
AI investment and adoption accelerated during COVID-19 pandemic
86% of survey respondents believe that ethical considerations are a strategic priority in the design and implementation of their AI systems
AI is more likely to be used to increase efficiencies and worker productivity than to replace labor
US competitiveness in AI on the world stage remains a concern
The adoption of new artificial intelligence (AI) technologies and further investment in existing AI technologies accelerated during the COVID-19 pandemic, according to a study released today by RELX, a global provider of information-based analytics and decision tools for professional and business customers. The study also reveals that overall implementation of AI technologies across the business landscape increased for the third consecutive year.
The 2020 RELX Emerging Tech Executive Report marks the third edition of the survey and provides a three-year overview of AI adoption. It features insights from business leaders across eight industries (government, healthcare, insurance, legal, science/medical, banking and agriculture) and covers AI’s impact on businesses’ success, the future of work, global competition, ethics, and the global COVID-19 response. More than 1,000 U.S. senior executives were surveyed.
COVID-19 Drove AI Technology Investment and Adoption
COVID-19 is the most pressing issue facing US executives today as it reshapes and disrupts industries across the US. The majority of respondents (68%) increased their investment in AI technologies during the COVID-19 pandemic with 48% investing in new AI technologies and 46% investing further in AI technologies already in use at their companies. Similarly, 63% of business leaders polled report that AI technologies had a positive impact on their business’s ability to stay resilient in the face of the pandemic.
For many respondents, the COVID-19 response effort underscored the importance of AI, with 77%
Otter Products, maker of the popular Otterbox mobile accessories, has announced a “strategic investment” in Brydge, in a move that is set to support future collaboration and product development.
The new agreement between the companies will allow Otter and Brydge to leverage each other’s supply and distribution networks. Most interestingly, the companies seem intent on developing new products and “innovations” collaboratively under the OtterBox brand.
“Our company has always been dedicated to innovating in ways that will enable our customers to get more from their mobile technology,” said Otter Products CEO Jim Parke. “Brydge has the same philosophy, and we recognize that we can tap into the strengths of each organization to be even more effective in achieving this goal, especially as all of our relationships between home, school and work are evolving.”
Brydge is known for its MacBook-like iPad keyboard accessories, docks, and hubs, while Otter is known for its portfolio of protective cases and screen protectors.
“Brydge has always admired OtterBox. From modest roots to what is now a global brand and leader, we have always felt there is a natural synergy with our values, vision and products,” said Nick Smith, Co-CEO & Founder of Brydge. “This partnership represents a huge opportunity for both brands to continue to drive growth and success in the market.”
While the companies are yet to announce any specific new products, this early announcement represents a notable event in the technology accessories industry and loyal customers of both brands will likely follow new developments with interest.
TA Associates, a leading global growth private equity firm, today announced that it has completed a significant growth investment in Priority Software Ltd., a leading global provider of Enterprise Resource Planning (ERP) software. TA joins existing investor Fortissimo Capital, a leading private equity firm based in Israel and focused on special situations and growth opportunities, as an institutional investor in Priority Software. Financial terms of the transaction were not disclosed.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201004005040/en/
Founded in 1986, Priority Software provides end-to-end cloud-based (SaaS) and on-premise business management solutions for organizations of all sizes to improve business efficiency and the customer experience. The company’s Priority PRO product provides comprehensive ERP software for medium to large organizations encompassing demand planning, manufacturing operations, financial management, human capital management, procurement and supply chain management. Priority Software also provides business management software for smaller companies that focuses on financial management, reporting and accounting. The company has more than 10,000 customers and over 300,000 end users across multiple end markets, including manufacturing, construction, healthcare and pharma, services, and retail and wholesale. Priority Software has more than 200 employees located across five offices in Israel, the U.S., the UK and Belgium.
“TA’s extensive experience investing in the enterprise software space and in partnering with growing companies like Priority Software made the firm an attractive investment partner,” said Andres Richter, CEO of Priority Software. “We’ve identified opportunities to accelerate our growth and further expand Priority Software’s market penetration both nationally and internationally, and we believe that TA will be a valuable partner for us alongside Fortissimo to help us realize our ambitions.”
“Priority Software is considered by many to be a market leader in the Israeli ERP space, and we believe that the company has significant untapped potential,” said
ClickStream’s Game Host, Celebrity Chef Jordan Andino to Appear Today on the Digital Stock & Investment News Network Rich TV Live
LOS ANGELES, CA / ACCESSWIRE / September 28, 2020 / Clickstream Corp (OTC PINK:CLIS) announced today that its’ original programing game host Jordan Andino will appear on Rich TV Live, a financial focused digital network. The interview will air this afternoon at 1PM ET on https://www.youtube.com/c/RICHTVLIVE and will be available on ClickStream’s social media platforms shortly thereafter.
Andino will discuss his role in the development of ClickStream’s WinQuik™ App, as well as the multiple shows he’s set to host when the app launches this week. The mobile and digital gaming platform is designed for users seeking the thrill of live competition. WinQuik™ will debut with seven initial game hosts featuring 26 different trivia genres. Winners of each live daily show will be eligible to win real cash and prizes by competing against other users in rapid-format trivia.
WinQuik™’s lineup will feature celebrity hosts such as Actor Pooch Hall, NFL quarterback and former NASA intern Joshua Dobbs, New York City restauranteur and celebrity chef Jordan Andino, NFL Network’s Brian Baldinger, US Army Green Beret and survival expert Mykel Hawke, former ESPN host Howie “The Sultan of Sports Trivia” Schwab and Emmy-Award winning journalist, documentary film producer and ClickStream’s Vice President of Original Programming Amber Theoharis.
ClickStream is actively identifying TV and entertainment personalities to expand programming as the company scales to deliver the world’s first synchronized mobile and digital network.
ABOUT RICH TV LIVE
Rich TV Live has been sharing company news and updates on YouTube, Facebook, LinkedIn, Twitter, Instagram, Blogger and many other social media sites since 2017 with a community of 80,000 members. Rich TV’s daily show on YouTube helps investors access in-depth information about companies through CEO interviews, company overviews and Video press releases. Rich TV’s videos, shared on eight different social media platforms, bring more visibility