Tag: million

Augury Raises $55 Million Series D Funding to Sustain Rapid Growth, Announces New Global Partnerships and Capabilities

New Funding Round Led by Israeli-based Qumra Capital Marks Significant Increase in Valuation for IIoT Leader

Augury, a leading AI-based Machine Health solution provider, today announced it has secured $55 million in funding. The additional capital will be used to sustain and accelerate Augury’s rapid growth and to capitalize on the opportunity to help leading industrial companies improve the reliability, resilience and efficiency of their manufacturing operations. This Series D round was led by Qumra Capital, a leading late-stage venture capital firm based out of Israel. It includes participation from existing key investors, including Insight Venture Partners, Eclipse Ventures, Munich Re Venture Capital, Qualcomm Ventures and Lerer Hippeau Ventures. With this round Augury has raised $106 million since its initial funding six years ago.

The company also announced new partnerships and capabilities to help its global customers gain the benefit of prescriptive diagnostics and machine insights, no matter where in

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Border Patrol Spent $2 Million On Google Maps For A Massive Surveillance Tool

For every person who enters America, a profile is drawn up and a determination made on their risk to national security. It’s the same for any cargo or packages. And it’s all done using a tool known as the Automated Targeting System (ATS). This decades-old technology helps border staff decide whether or not you or a shipment needs to be pulled aside for further inspection before being allowed into the country.

Run by Customs and Border Protection, it’s been controversial since the mid-2000s, when the U.S. Department of Homeland Security (DHS) pivoted its use from just targeting cargo to tracking people. Though it’s primarily engineered by lesser-known tech contractors, one of the technologies the ATS uses is Google Maps. Through a review of government contract records and a FOIA request response, Forbes has learned that the CBP has spent at least $2 million in the last three years on the

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Vivos Therapeutics Seeks $20 Million IPO

Vivos Therapeutics (VVOS) intends to raise $20 million in an IPO of its common stock, according to an S-1 registration statement.

Highlands Ranch, Colorado-based Vivos was founded to develop customized oral devices designed to help people who suffer from mild to moderate obstructive sleep apnea [OSA].

Management is headed by co-founder, Chairman and CEO R. Kirk Huntsman, who was previously founder of Dental One Partners, a large dental service organization.

Below is a brief overview video of Vivos Therapeutics:

The company’s primary offering is the Vivos System, composed of a nighttime appliance and a daytime/nighttime appliance.

Vivos has received at least $21 million from investors.

The firm sells its systems to dental practitioners via a direct sales force that targets prospects in the U.S. and Canada.

In the future, and with some of the proceeds from the IPO, the firm intends to develop strategic partnerships, connect with key opinion leaders,

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Kummers Give $300 Million to Expand Missouri U. of Science and Technology Programs (Gifts Roundup)

A roundup of notable gifts compiled by the Chronicle:

Knight Foundation

Nike co-founder Phil Knight gave $900.7 million to his and wife Penelope’s foundation. The couple primarily support scientific and medical research at the University of Oregon, Oregon Health and Science University, and other large institutions. They have also given extensively to Stanford University, where Phil Knight earned an MBA in 1962.

University of Oregon

Phil Knight gave $300 million for ongoing support for many of the university’s programs to which he has donated in recent years. With this latest gift, he and his wife, Penelope, have donated at least $1.1 billion to the university since 2007, with much of it directed to scientific research and related programs.

Phil Knight earned a journalism degree from the university in 1959 and went on to co-found Nike, the sports-apparel company.

Kummer Institute Foundation

Fred and June Kummer gave $300 million to establish

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McAfee Sets Terms of IPO, Hoping to Raise Up to $682 Million

McAfee, the cybersecurity company founded by tech eccentric John McAfee, has set the terms for its initial public offering, hoping to raise as much as $682 million in a deal that could value the company at $3.64 billion.

McAfee, based in San Jose, plans to sell 37 million shares at a price of $19 to $22 each. The stock will trade on Nasdaq, with the ticker symbol MCFE, the company said in an SEC filing.

Of the 37 million shares, 30,982,558 will come from the company and 6,017,442 from existing stockholders. McAfee expects to have 165.44 million Class A shares outstanding after the IPO.

In the six months through June 27, McAfee posted profit of $31 million, swinging from a loss of $146 million in the year-earlier period. Revenue rose 9% to $1.4 billion from $1.29 billion.

John McAfee founded McAfee Associates in 1987 and ran it until 1994, when

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Alion Awarded $73 Million Task Order to Provide Joint Training Synthetic Environment Research and Development

WASHINGTON, Oct. 13, 2020 /PRNewswire/ — The U.S. Navy has awarded Alion Science and Technology a $73 million task order with a 60-month period of performance to provide Joint Training Synthetic Environment (JTSE) Research and Development (R&D) for Joint Staff J7, Deputy Director Joint Training (JS J7 DDJT) Environment Architecture Division (EAD). Alion was awarded this contract under the Department of Defense Information Analysis Center’s (DoD IAC) multiple-award contract (MAC) vehicle. These DoD IAC MAC task orders (TOs) are awarded by the U.S. Air Force’s 774th Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the DTIC repository and the R&D and S&T community.

“We are dedicated to our continued customer partnership to develop joint virtual environments to prepare for Joint All Domain Command and Control (JADC2),” said Katie Selbe, Senior Vice President and General Manager of Alion’s Cyber Network Solutions Group. “Alion has

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General Dynamics Information Technology Awarded $364 Million Enterprise IT Contract by GSA

FALLS CHURCH, Va., Oct. 13, 2020 /PRNewswire/ — General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today it has been awarded a contract by the General Services Administration (GSA) Federal Systems Integration and Management Center (FEDSIM) to continue providing digital enterprise services for Special Operations Forces (SOF).

GDIT will design and implement technology capabilities to enable rapid data analysis and dissemination of critical operational intelligence in response to emerging threats. The SOF Information Technology Enterprise Contract J (SITEC J) is a single award with a total estimated value of $364 million. It includes a one-year base period with four one-year options.

Under the SITEC J contract, GDIT will support local and remote connections to a global Department of Defense network. The work will leverage both existing and new data centers as well as new instances of cloud computing. Through a hybrid data storage

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Matroid Completes $20 Million Series B Financing to Expand into Manufacturing and Industrial IOT

Matroid, the leading U.S. computer vision (CV) provider and a world leader in machine learning, today announced it has raised $20 million in Series B funding led by Energize Ventures with participation from existing investors New Enterprise Associates (NEA), Intel Capital, and others. The new financing brings total funding to $33.5 million. Building on the enterprise success of its product, Matroid plans to leverage the new funding to accelerate product development and go-to-market expansion in manufacturing, industrial IOT (IIOT), and video security markets. Within manufacturing and IIOT, Energize’s corporate investors include General Electric, Schneider Electric, Caterpillar, Invenergy, and others.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005076/en/

Figure: The Matroid product being used to build a detector for wind turbine damage caused by lightning, bird strikes, and rust. (Graphic: Business Wire)

Software-defined sensors that operate on imagery captured by regular cameras are quickly becoming the pinnacle sensor.

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Facebook donates $1.3 million to boost WWII code-breaking site

Facebook has made a £1 million ($1.3 million) donation to the museum at Bletchley Park, where British code-breakers decrypted messages sent using Nazi Germany’s Enigma cipher and contributed to an Allied victory in World War II, after the site was forced to cut dozens of jobs as a result of the pandemic.



a person standing in front of a store: UNITED KINGDOM - OCTOBER 23: Colossus was the world's first electronic programmable computer at Bletchley Park in Buckinghamshire. Bletchley Park was the British forces' intelligence centre during WWII, and is where cryptographers deciphered top-secret military communiques between Hitler and his armed forces. The communiques were encrypted in the Lorenz code which the Germans considered unbreakable, but the codebreakers at Bletchley cracked the code with the help of Colossus, and so aided the Allies' victory. The women seen here belonged to the Women's Royal Naval Service, (WRNS) and were nicknamed �Wrens�. (Photo by SSPL/Getty Images)


© Bletchley Park Trust/SSPL/Getty Images
UNITED KINGDOM – OCTOBER 23: Colossus was the world’s first electronic programmable computer at Bletchley Park in Buckinghamshire. Bletchley Park was the British forces’ intelligence centre during WWII, and is where cryptographers deciphered top-secret military communiques between Hitler and his armed forces. The communiques were encrypted in the Lorenz code which the Germans considered unbreakable, but the codebreakers at Bletchley cracked the code with the help of Colossus, and so aided the Allies’ victory. The women seen here belonged to the Women’s Royal Naval Service, (WRNS) and were nicknamed �Wrens�. (Photo by SSPL/Getty

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Comtech Telecommunications Corp. Receives $5.9 Million in Funding from U.S. Army

October 13, 2020– Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Mission-Critical Technologies group, which is part of Comtech’s Government Solutions segment, received additional funding of $5.9 million on its previously announced contract to provide the U.S. Army with global field support services for military satellite communication (“SATCOM”) terminals around the world. The contract has been funded $41.1 million to date.

“Comtech is honored to support our warfighters with high quality and responsive field support services around the world,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.

The Army’s mission-critical ground SATCOM terminals provide inter and intra-theater network communications with worldwide reach back capability. The field support contract covers diverse engineering and technical skills to support these SATCOM terminals, including logisticians, help desk, network engineering, security engineering, RF and satellite system engineering and support.

The Mission-Critical Technologies group is focused on ensuring

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