Edge Impulse, | May 19, 2021
Edge Impulse, the world's leading development platform for machine learning (ML) on edge devices, announced today the completion of a $15 million Series A investment round led by Canaan Partners, with participation from Acrew Capital, Fika Ventures, Momenta Ventures, and Knollwood Investment Advisory. This funding will help the company achieve its goal of democratizing machine learning for millions of developers and engineers working on billions of edge devices.
Due to power, bandwidth, and cost constraints, 99% of sensor data is currently unused. Edge Impulse allows this data to be analyzed effectively using edge-optimized machine learning, resulting in smarter products and enhanced privacy. Developers and engineers will use the Edge Impulse framework to build useful datasets, then quickly develop and deploy custom machine learning models to any edge system, from battery-powered sensors to Linux-based GPUs capable of operating actuating pneumatics and robotic arms.
With a growing list of silicon partners including Arm, Nordic Semiconductor, NVIDIA, Silicon Labs, STMicroelectronics, Microchip, Arduino, Raspberry Pi, Himax, and Eta Compute, the company's platform is trusted by thousands of developers and businesses looking to utilize sensor data to bring intelligence to the next generation of smart devices. To date, the platform has produced over 23,000 projects and 26 million branded data samples across a variety of verticals, including industrial, infrastructure, wearables, and wildlife conservation, with a global developer group on track to hit 100,000 by 2022.
Machine learning allows for a data-driven engineering approach to solving problems that can have an impact in all industries. Using machine learning for data-driven engineering in the Internet of Things will not only create better systems but will also give life to a whole new class of experiences. Surprisingly, thanks to platforms like Edge Impulse, it would become a lot easier to modify, upgrade, and handle. IoT will eventually live up to its original goals and turn consumer products, automotive, agriculture, and engineering from the ground up, thanks to smarter brains and learning capabilities on devices.
About Edge Impulse
Edge Impulse is the leading embedded machine learning software platform, with over 23,000 ML projects in use around the world. We're on a journey to have the best machine learning development experience on edge devices for sensors, audio, and computer vision at scale. We make highly optimized ML deployable to a wide range of hardware from MCUs to CPUs, from getting started in under five minutes to MLOps in production.
FARO, HoloBuilder | June 08, 2021
FARO Technologies, Inc., a global leader in 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering, and Construction), and Public Safety Analytics industries, announced the purchase of HoloBuilder, Inc. today.
HoloBuilder introduces to FARO its industry-leading photogrammetry-based 3D platform, which provides hardware-agnostic image capture, registration, and viewing to the rapidly increasing Digital Twin sector. HoloBuilder's technology platform, with an initial focus on ConstructionManagement, offers general contractors a solution to easily capture and virtually manage construction progress using off-the-shelf 360° cameras.
HoloBuilder's SaaS platform will complement FARO's highly accurate 3D point cloud-based laser scanning with fast and easy reality-capture photo documentation and remote access capabilities to build the industry's first end-to-end Digital Twin solution—all without leaving the FARO ecosystem. The combined solution will offer comprehensive scanning and image management capabilities for the Digital Twin market, such as robotic assembly 3D simulation, construction management, facility operations and management, and incident pre-planning.
The agreement provided for a cash payout of $34 million to HoloBuilder shareholders. HoloBuilder has $4.0 million in annual recurring revenue as of April 30, 2021, with a compounded yearly growth rate of over 75% since 2019. The transaction was closed on June 4 and was funded with cash reserves available. Alantra served as HoloBuilder's exclusive financial advisor.
FARO has been providing industry-leading technology solutions that enable customers to measure their world and then utilize that data to make smarter decisions faster for over 40 years. FARO remains a leader in bridging the digital and physical worlds with data-driven reliable accuracy, precision, and immediacy.
HoloBuilder is a San Francisco-based technology company that designs, develops, and sells enterprise software that uses 360° photographs, machine vision, and artificial intelligence. HoloBuilder has customers in over 35 countries, and users have documented over 28,000 projects to date.
HAVENLY | February 19, 2022
Havenly, the largest online interior design service, announced it has acquired The Inside, a direct-to-consumer home furnishings brand that has grown nearly 600% in the past two years. The Inside unlocks access to made-to-order, customization options, historically only available at luxury prices. By combining two of the industry's fastest growing and beloved brands, the acquisition paves the way to create an innovative design ecosystem which will serve new and existing customers in exciting new ways. The marriage is a natural one: one of The Inside's top customer requests is for design services and Havenly designers have been some of The Inside's largest customers for years. Both brands share a similar mission to make home design an accessible and personalized experience for everyone. Under the terms of the deal, Havenly has acquired the key assets of The Inside, inclusive of its intellectual property and inventory. Financial terms of the acquisition were not disclosed.
Havenly helps customers bring their dream home to life with one-on-one design help and hand-picked products tailored to their unique style, space, and budget. Havenly's expert designers create hundreds of thousands of individualized designs each year and invite customers to shop from the company's robust e-commerce platform featuring the most popular names in home retail as well as designer-exclusive brands. Acquiring The Inside comes as a natural extension of Havenly's mission to make home design an accessible and personalized experience for everyone; bringing affordable custom furniture and home decor to their customers.
This acquisition comes on the heels of Havenly's multi-year partnership with Reese's Book Club and the acquisition of a cross-platform room layout and 3D visualization technology from Occipital, a leader in spatial computing. Together, these acquisitions and partnerships fit with the company's larger strategy of leveraging technology and innovation to deliver a best-in-class product experience that makes bespoke, personalized interior design accessible to everyone.
"Our acquisition of The Inside and 3D technology from Occipital is a significant step in our growth strategy to revolutionize, digitize, and personalize the at-home design experience, We're already a go-to destination for those looking for design, inspiration, and home product recommendations, but now we can also service custom made products to suit our customers' wants and needs for a more hands-on design experience."
-Lee Mayer, Co-Founder and CEO of Havenly.
For The Inside, Havenly's nationwide scale and expertise open significant scale to The Inside's customized fabrics, furniture, and decor. The Inside Co-Founder Danielle Walish will join Havenly to manage the transition, integrate The Inside assets into Havenly, and capitalize on the shift in consumer design trends favoring prints offered by The Inside. She will be joined by all other current employees of The Inside.
To learn more about Havenly's design services and e-commerce platform, please visit: www.havenly.com.
Havenly is the largest online interior design service that makes expert design accessible to anyone, regardless of budget or location. Havenly, founded by Lee Mayer, is a network of professional, highly screened and trained interior designers who create custom visual designs based on the client's unique style choices. They create hundreds of thousands of designs per year, making them the go-to source for in-home design inspiration across the country. Havenly's e-commerce platform is connected to hundreds of retailers for clients to make direct purchases with the guaranteed best prices. Start designing your space at Havenly.com or on the Havenly App, available on Apple App Store.