ENGINEERING TECH

Edge Impulse Raises $15 Million in Series A to Enable a Data-Driven Engineering Revolution with Machine Learning

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.

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MARKET

Kier Invests in Procore to Support Its Digital-first Ambitions

Kier | April 08, 2022

Procore Technologies, Inc., a leading global provider of construction management software, announced that Kier Group Plc, the major UK construction and infrastructure services company, has selected its enterprise-ready platform solution to enhance and standardise operations across its construction business and projects. This agreement will support Kier’s ambitions to be a digital-first business. As a leading regional builder in the UK, Kier Construction delivers some 200 projects each year for public sector and blue-chip clients. Kier has chosen Procore as its field and quality management solution to take its success to the next-level and operate in the most effective and collaborative way possible with all its stakeholders - from clients to subcontractors. Procore’s ease of use and range of integrations, alongside its ability to consolidate point solutions and create efficiencies for everyone on a single platform, will provide Kier with greater visibility across its projects - ensuring consistency, enhancing quality and supporting sustainable working practices. The high-level of transparency Kier will gain also allows the company’s data to be redelivered as intelligent insight which can drive improvements in everything from project progress, to supply chain developments as well as safety and performance. We have bold ambitions to revolutionise digital practices within the construction industry and our partnership with Procore is integral to supporting our aims as part of our project delivery. The platform is easy to use and provides consistency which is vital as we deliver on our purpose and provide high-quality projects for our customers,” states Louisa Finlay, director of clients & markets for Kier Construction. “Working smarter isn't just about using technology, it’s about amplifying a company’s mission and values. It’s a privilege to partner with Kier and support their social and environmental impact goals. By connecting the field to the office and all stakeholders, Procore’s enterprise-ready solution, built by and for the construction industry, is very proud to welcome Kier into our portfolio of customers in EMEA. The company is now one of our largest customers in-region.” -Brandon Oliveri-O’Connor, VP of EMEA at Procore About Procore Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe. Learn more at https://www.procore.com/en-gb. About Kier Kier’s purpose is to sustainably deliver infrastructure which is vital to the UK. We are a leading provider of construction and infrastructure services and committed to delivering for communities and leaving lasting legacies through our work.At the core of our project delivery is technical excellence, utilising the latest building methods, innovations and technology to ensure we offer the best value for our clients.

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MARKET

Verdantas Launches as an Opportunity for Engineers, Scientists & Technical Experts to Build a Better Tomorrow

Verdantas | January 05, 2022

Five leading professional service groups have come together to form a national company, which is launching under a new brand: Verdantas. Round Table Capital Partners (“RTC Partners”) launched this new venture with the acquisition of Hull & Associates, LLC (“Hull”) in July of 2020, and has since expanded the organization with the acquisitions of Duffield Associates, LLC (“Duffield”), HSW Consulting, LLC (“HSW”), GeoInsight, Inc. (“GeoInsight”) and Alden Research Laboratory, Inc.(“Alden”). Verdantas was started with a vision to build a consulting company focused on improving the world by addressing the toughest challenges facing our natural and built environments today. Over the past 18 months, Verdantas has brought together an outstanding group of consulting companies that share this common focus. The combined organization now offers a comprehensive suite of environmental, energy, water, civil infrastructure, and green and sustainable engineering services. RTC Partners brought together an experienced and accomplished executive team to support the Verdantas mission. “Nearly everything we offer as a company makes the world a better place – that’s what engineers, scientists and technical experts do – that’s how we are wired. We recognize we are contributing to a better, greener future, by collaborating with our clients and the communities where we work. We strive to do this in an atmosphere where our people can thrive and accomplish great things together, supported by a strong team culture.” -Industry veteran Gerry Salontai as Chief Executive Officer (CEO). Mr. Salontai Andra Kidd, COO of Verdantas, added, “To accomplish these ambitious goals, we must look inward, and build a people-first culture that gives our employees opportunities to work on impactful projects that will make a difference for the generations-to-come. Verdantas believes in a brighter tomorrow, and we believe getting there will require a foundation of integrity, compassion, collaboration and advanced science and expertise.” Tony Brindisi, Co-Founder and Managing Partner at RTC Partners, commented on the formation of Verdantas: We have been selective and strategic in the formation of Verdantas. Each entity that joins integrates its engineering, planning, science, and technical expertise to solve complex problems as One Great Company. These companies bring legacies of excellence and are market-leading experts in the environment and its supporting infrastructure. RTC is excited about the enormous potential for positive impact Verdantas is pursuing. Verdantas currently employs over 450 people across 26 offices, and is home to many of the top scientists, engineers and technical experts in the industry. Verdantas operates a people-first culture, concentrating on the well-being of its employees, clients, and the communities where they live and work. The platform is actively hiring across all disciplines and seeking additional companies with a strategic and cultural fit. For more information, please visit the Verdantas website at verdantas.com, and address any inquiries to Terry Reynolds, VP/Corporate Marketing and Communication (treynolds@verdantas.com, 916-889-6681) About RTC Partners RTC Partners is a private equity firm that focuses on investing in and building strong businesses with committed management teams in the professional, business, and healthcare services industries. The firm’s dedicated emphasis on human capital, combined with its thoughtful approach to both organic and inorganic opportunities, allows organizations to unlock the next stage of growth while enabling sustainable and long-term value creation for all stakeholders. RTC is actively seeking additional platform and add-on acquisitions in its targeted markets. For more information, visit rtcpartners.com.

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CONSTRUCTION

Nubeva Announces Expanded Focus On Architectural, Engineering, and Construction (AEC) Industry

Nubeva Technologies | May 17, 2022

Nubeva Technologies a pioneer of next-generation solutions for ransomware, announces expanded efforts to help Architectural, Engineering, and Construction (AEC) firms better protect themselves from ransomware attacks. Based on industry-specific feedback and strong early adoption, the company is increasing its focus on the AEC as there is a clear need and fit for Nubeva's new breakthrough solution across the entire industry. With input from 100's of AEC firms, Nubeva's industry brief, Understanding Ransomware in the AEC, discusses the specific circumstances and challenges facing thousands of these companies in the United States alone. These organizations play a vital role in building and maintaining critical infrastructure, making them prime targets for ransomware. Due to industry-specific dynamics and computing models, findings are conclusive that the AEC industry experiences as much as 2x the ransomware attack rates as other industries. "When I first heard about Nubeva's ability to decrypt ransomware from a colleague, I was skeptical. But when we studied and tested it, we quickly realized this was the missing link in our security strategy and a silver bullet for attacks that get past our firewalls, EDR, backups, and other systems," said Andy Knauf, CIO of Mead & Hunt. "Ransomware Reversal essentially provides instant protection as my team was able to fully deploy Nubeva across all of our systems in hours, not weeks or months. It was really easy." Nubeva's Ransomware Reversal solution fills a vital gap for when ransomware gets past security systems, and organizations must recover quickly. The software solution enables organizations to decrypt files and systems locked during a ransomware attack to restore operations faster than other solutions. The software is simple to install across distributed environments, has next to zero ongoing maintenance, and is priced for widespread adoption across companies of all sizes. "It is clear that there is a vital need in this industry. We have booked and billed over $500,000 of contracts in its first 100 days of product availability, with a majority of orders coming from the AEC industry, Once a company engages with us, we see nearly a 50% close rate. In my experience, those are very exciting results. Normally enterprise software and infrastructure sales have nine-month average cycles. This is an excellent sign not only for product-market-fit but also pointing to a low cost of sales. As we establish a strong foothold in AEC, we will expand to other vertical industries, as clearly, this is a problem affecting everyone." Steve Perkins, CMO at Nubeva.

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CONSTRUCTION

MetroNet Launches Virginia Construction in Norfolk, VA

MetroNet | January 11, 2022

MetroNet announced that construction has begun on its fiber optic infrastructure in Norfolk, Virginia. MetroNet will fully fund the $90 million construction project that will provide Norfolk residents and businesses with access to 100 percent fiber optic internet. The City of Norfolk marks the first city in Virginia that will have access to MetroNet’s services. Upon completion, the City of Norfolk will be named a Gigabit City with MetroNet’s future-proof fiber optic network.Construction has begun near the Five Points Neighborhood Spot and will expand rapidly over the next two years with the first customers online in the fall of 2022. Residents and businesses may visit construction.metronetinc.com to receive updates on construction in their area. “As we welcome MetroNet as a member of our community, Norfolk is proud to be the first Virginia community that will have access to this modern technology, We understand the tremendous impact that MetroNet’s services have on the communities they serve, and we look forward to providing our residents with those same services that will improve the quality of life and work here in Norfolk.” -Mayor Kenny Alexander MetroNet brings 100 percent fiber optic internet and local and long-distance phone service directly to homes and businesses in underserved communities in America with affordable, symmetrical speeds up to 10 Gigabits with no long-term contracts. The company expects its network to be available to more than one million residential households and business locations in the near term, providing more service options to hundreds of communities. “We’ve experienced a warm welcome from Mayor Alexander and the City of Norfolk since we began discussing this project, It’s clear that this city is rich in diversity and opportunity, and we’re excited to be a part of that as we move forward together. We can’t thank the Mayor and the Council enough for the invitation and we look forward to servicing Norfolk.” -John Cinelli, MetroNet CEO. Residents in construction areas will receive communication by mail about construction activity in their neighborhood 30 days prior to beginning and the company provides additional messaging, such as yard signs, to let residents know when the temporary construction process is beginning in their neighborhood. MetroNet crews are marked by ID tags and branded vehicles. MetroNet is one of the fastest-growing providers of fiber optic high-speed services in the nation and is known for its outstanding customer service provided by a strong local presence. MetroNet will establish a retail storefront located in the Norfolk area for customers to have direct access to customer care associates, sign-up for services and schedule installation. About MetroNet: MetroNet is the nation’s largest independently owned, 100 percent fiber optic company headquartered in Evansville, Indiana. The customer-focused company provides cutting-edge fiber optic communication services, including high-speed Fiber Internet and full-featured Fiber Phone. MetroNet started in 2005 with one fiber optic network in Greencastle, Indiana, and has since grown to serving and constructing networks in more than 120 communities across Indiana, Illinois, Iowa, Kentucky, Michigan, Minnesota, Ohio, Florida, North Carolina, Virginia, Texas, Wisconsin, and Missouri. MetroNet is committed to bringing state-of-the-art telecommunication services to communities — services that are comparable or superior to those offered in large metropolitan areas. MetroNet has been recognized by PC Mag as one of the Top 10 Fastest ISPs in North Central United States in 2020 and Top 10 ISPs with Best Gaming Quality Index in 2021. Broadband Now has recognized MetroNet as the Top 3 Fastest Internet Providers and Fastest Fiber Providers in the Nation in 2020, and #1 Fastest Mid-Sized Internet Provider in two states in 2020. In 2020, MetroNet was awarded the Vectren Energy Safe Digging Partner Award from Vectren. For more information, visit www.MetroNetinc.com.

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