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Federated Wireless Secures Additional $14M in Series D Funding for Private 5G

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ARLINGTON, Va., May 02, 2022 (GLOBE NEWSWIRE) — Federated Wireless, the leader in shared spectrum and CBRS technology, today announced that it has closed on an additional $14 million in Series D funding bringing the total raised in the round to $72 million. With the additional funding, the company added affiliates of Fortress Investment Group, Giantleap Capital, and LightShed Ventures to its list of investors. Existing investor GIC, Singapore’s sovereign wealth fund, also participated.

“Private wireless is one of the most transformative enterprise technologies to emerge since the cloud,” stated Federated Wireless CFO Loren Buck. “We continue to invest aggressively to support explosive demand, maintain our industry leadership, and deliver on the promise of 5G private wireless for our clients.”

The additional investments bring total raised to date to approximately $213 million and reflect the market momentum of 5G private wireless and related edge solutions. The company is concentrating its latest rounds of funding on programs to speed time to market for new product capabilities and ecosystem development.

The transformative power of shared spectrum in private wireless

Private wireless is a disruptive technology that is changing the way that businesses build enterprise networks. It harnesses a ubiquitous resource called shared spectrum, also known as CBRS – an innovative technology that delivers the best attributes of traditional wireless and Wi-Fi, with lower fixed cost, higher quality, and greater efficiency and scale.

As the first to market with a Spectrum Access System (“SAS”), Federated Wireless is the nationwide leader in enabling, commercializing, and driving adoption of shared spectrum. The company has played a pivotal role in building the ecosystem and infrastructure to support mainstream adoption of shared spectrum and private wireless solutions. It has made it possible for businesses to deliver innovations that defy imagination in the categories of IoT, virtual and augmented reality, digital twinning, telemedicine, drones, robotic agriculture, artificial intelligence and more.

Federated Wireless was advised on the transaction by Wilmer Cutler Pickering Hale and Dorr LLP. J.P. Morgan Securities LLC acted as placement agent on the transaction.

About Federated Wireless

Founded in 2012, Federated Wireless has long led the industry in development of shared spectrum CBRS capabilities. As the first to market with a Spectrum Access System (“SAS”), Federated Wireless is the nationwide leader in enabling, commercializing, and driving adoption of shared spectrum and private wireless technologies. With more than 350 customers and over 85,000 connected devices across the United States and territories, the company serves a customer base spanning defense, government, manufacturing, telecommunications, utilities, real estate, and education, with a wide range of use cases ranging from network densification and mobile offload to private wireless and industrial IoT. The company’s partner ecosystem includes more than 40 device manufacturers and edge partners, all of which are dedicated to collaboration to advance development and proliferation of CBRS services.

About Fortress Investment Group LLC

Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $53.3 billion of assets under management as of December 31, 2021. Founded in 1998, Fortress Investment Group manages assets on behalf of approximately 1,900 institutional clients and private investors worldwide across a range of credit and real estate, private equity, and permanent capital investment strategies.

About Giantleap

Giantleap Capital is a fundamental research-driven investment firm focused on investing in technologies that are transforming critical industries at the convergence of physical and digital infrastructure. The firm takes a long-term thematic approach to invest in idiosyncratic investment opportunities across private, public and special situations. Alongside its executive partners, Giantleap brings flexible capital and operating experience to help management teams transform and grow their companies. Giantleap, based in New York, is led by Himanshu Sekhar and Samir Parikh, who together have a long history partnering with successful management teams to drive long-term value.

About LightShed Ventures

LightShed Ventures is an early-stage fund focused on identifying and helping build category defining startups that can be enhanced through technology, media and telecom.

Media Contact
Holly Hagerman
Connect Marketing
(801) 373-7888
[email protected]

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Artificial Intelligence

Appian Signs a Strategic Collaboration Agreement with AWS to Deliver Private AI for End-to-End Process Automation

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Collaboration leverages Amazon Bedrock and Sagemaker to power Appian’s Data Fabric with generative AI capabilities
MCLEAN, Va., April 16, 2024 /PRNewswire/ — Appian (Nasdaq: APPN) announced today that it has signed a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to make generative artificial intelligence (AI) more accessible to enterprise business processes. Appian will invest significant resources to find novel ways to combine Appian’s native AI capabilities and the Appian data fabric with the large language models (LLMs) provided by Amazon Bedrock and machine learning (ML) capabilities from Amazon SageMaker. Amazon Bedrock is a fully managed service that offers a choice of high-performing foundation models (FMs) from leading AI companies via a single API, along with a broad set of capabilities organizations need to build generative AI applications with security, privacy, and responsible AI. Amazon SageMaker is a service to build, train, and deploy ML models for any use case with fully managed infrastructure, tools, and workflows.

Appian is designed to automate mission-critical business processes in some of the most innovative, highly regulated, and security-sensitive industries. These customers want to leverage AI while maintaining the security of their data. They also face shortages of data scientists and increasing information technology (IT) backlogs. Appian’s private AI approach gives enterprises control over their own data and makes sure their data is not used to train public models that other organizations can use. Appian’s low-code AI process platform with its Appian AI Skills capability enables customers to easily incorporate AI into business processes, letting AI and humans work together seamlessly.
“Appian’s collaboration with AWS takes a major leap forward with this announcement,” said Michael Beckley, CTO at Appian. “The AI economy is here and it will quickly create a strong competitive advantage for organizations that know how to use it. Enterprises that upgrade their core business processes with AI and Appian’s data-driven insights will thrive while those that fail to do so will lose control of their data and their future. Amazon Bedrock is an important enabler for our private AI vision. Together, we give organizations the ability to effortlessly use AI for process automation with data privacy and security at the forefront.”
“The Appian AI Skill Designer helps us get real value from AI without needing a team of data scientists to figure it out. The no-code design made it quick and easy for our developers to incorporate AI into our existing applications,” said Matt Richard, CIO at LiUNA.
By harnessing the capabilities of Amazon Bedrock, Appian gains the ability to host LLMs within customer compliance boundaries and privately customize those models, ensuring that sensitive data remains secure and confidential. Amazon SageMaker allows Appian customers to create, train, and fine tune proprietary AI models using their own data. As AWS AI and ML services are designed with security and privacy best practices, Appian customers can leverage their data to receive more accurate and relevant results from their generative AI applications based on the unique needs of their businesses.
“Companies deeply care about security and privacy, especially when leveraging AI. This collaboration between AWS and Appian helps customers streamline mission-critical business processes confidently by leveraging AI and machine learning in a secure and compliant manner,” said Chris Grusz, Managing Director of Technology Partnerships at AWS.
Learn more about Appian’s relationship with AWS and its vision for generative AI-powered developer experiences.
About AppianAppian is a software company that automates business processes. The Appian AI Process Platform includes everything you need to design, automate, and optimize even the most complex processes, from start to finish. The world’s most innovative organizations trust Appian to improve their workflows, unify data, and optimize operations—resulting in better growth and superior customer experiences. For more information, visit appian.com. [Nasdaq: APPN]
Follow Appian: LinkedIn, Twitter.
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Artificial Intelligence

GAC TECH DAY 2024: Groundbreaking Innovations Redefine Automotive Excellence

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GUANGZHOU, China, April 16, 2024 /PRNewswire/ — On April 12, GAC TECH DAY 2024 took center stage at the GAC Research Institute in Guangzhou, China, under the theme “See the World with New Vision.” The conference was attended by approximately 260 foreign and domestic media outlets and distinguished guests, including relevant Guangdong Province and Guangzhou City leaders, Zeng Qinghong, Chairman of GAC Group, and Feng Xingya, President of GAC Group.

On the day, GAC, a trailblazer in automotive advancements, unveiled several groundbreaking technologies set to revolutionize the driving experience.
First, the Garcia Intelligent Driving System, a pioneering pure vision-based intelligent driving solution devoid of maps, promises a seamless and immersive driving experience. Unlike traditional systems reliant on high-precision maps and LiDAR, Garcia leverages visual sensors and AI algorithms to perceive the world with human-like precision. With three leading capabilities in visual recognition, Garcia offers unparalleled accuracy and reliability in complex traffic scenarios.
GAC also announced key breakthroughs in its all-solid-state power battery technology, setting a new standard for energy density, safety, and capacity. The innovative battery promises extended ranges exceeding 1000km and enhanced safety under extreme conditions. 
Both innovations are set for mass production and deployment by 2026.
In addition to technological breakthroughs, GAC showcased a range of advanced technologies and user-centric products, including electromagnetic suspension, skateboard chassis, and GOVE, the company’s first eVTOL mobility solution that has already completed its maiden flight this March.
GAC’s new iGLCA intelligent light commercial vehicle segment—MIRACO Motor—also made its official debut at GAC TECH DAY 2024 with the release of its flagship model “MiraLounge”. Primarily designed for passenger transport services, the vehicle allows for the separation of cabin and driving compartment to achieve a multi-model derivation through “MiraBoard 2.0” technology. The vehicle supports L2 to L4 level intelligent driving and is scheduled to hit the market in the fourth quarter of 2024. 
The event also marked the launch of the Welfare Edition of E9, GAC’s luxury PHEV MPV. The new version of the 7-seater caters to users with mobility challenges with its unique detachable electric seat.
GAC’s relentless pursuit of innovation underscores its vision to reshape the automotive landscape and drive sustainable growth. With a focus on technology-driven development, GAC aims to continue pushing the boundaries of automotive excellence, setting new benchmarks for the industry.
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Artificial Intelligence

SQream’s No-Code Platform Panoply Earns 21 G2 Badges in Key Customer Satisfaction Categories for Spring 2024 Report

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These badges demonstrate Panoply’s Continuously Unparalleled Excellence in data warehousing and data extraction based on compiled user reviews
NEW YORK, April 16, 2024 /PRNewswire/ — SQream, the GPU accelerated data processing and analytics company, announced today the remarkable achievement that its no-code ELT and analytics platform Panoply, has received 21 prestigious G2 badges for Spring 2024. These accolades highlight Panoply’s continued commitment to excellence and innovation in the data warehouse and ELT (Extract, Load, Transform) space, and underscores Panoply’s dedication to their customers, particularly in the realm of ease of use, and marks the highest number of badges awarded to the company in one report to date.

G2, a prominent authority in business software and service evaluations, leverages the collective knowledge of its user community to aid individuals in making well-informed choices regarding software and services for their enterprises. The G2 Spring 2024 Report rankings underscore Panoply’s significance to small- and medium-sized businesses grappling with data extraction challenges and highlight the exceptional simplicity of Panoply’s no-code approach.
“We are truly honored to receive 21 G2 badges, which reflect Panoply’s year-on-year growth in customer satisfaction. Simplifying data management in the no-code ELT space is at the core of our commitment to our customer base, and we are thrilled to see that Panoply’s exceptional solutions driving data transformation consistently receive this trusted stamp of approval,” said Ami Gal, CEO and Co-Founder of SQream. “We look forward to advancing our strategy of delivering robust data management solutions across all business types—from SMBs leveraging Panoply for streamlined cloud-based warehousing to enterprises implementing GPU-accelerated analytics with SQream, both in the cloud and on-prem. Our commitment remains to empower every organization to maximize their data potential and drive business success.”
Panoply has consistently set the industry standard for delivering user-friendly solutions that empower organizations to harness the full potential of their data. In the Spring 2024 G2 reports, Panoply earned badges in a wide array of categories, both for their data warehouse capabilities and ETL tools, showcasing its exceptional performance and dedication to simplifying complex data processes, including:
Data Warehouse Category: 
Best Estimated ROIBest Estimated ROI – Mid-MarketBest Support – Small BusinessEasiest AdminEasiest Admin – Mid-MarketEasiest Admin – Small BusinessEasiest Setup – Mid-MarketEasiest to Do Business With – Small BusinessEasiest to UseEasiest to Use – Small BusinessFastest Implementation – Small BusinessHigh PerformerHigh Performer – Asia PacificHigh Performer – EMEAHigh Performer – Mid-MarketHigh Performer – Small BusinessETL Tools Category: 
Easiest AdminEasiest SetupHigh PerformerHigh Performer – Mid-MarketHigh Performer – Small BusinessPanoply’s no-code approach to data management provides greater visibility into business performance by aggregating data from multiple data sources to deliver deeper insights. With Panoply, organizations can automatically store raw data in analysis-ready tables, create core business logic to keep metrics consistent, and explore and visualize their data within the platform’s workbench. Deploying a consolidated storage solution like Panoply also centralizes access to data assets to provide a single source of truth.
If you want to learn more about how Panoply can help you gain fast data insights, visit https://panoply.io and schedule a demo.
About Panoply by SQream
Panoply’s managed data warehouse plus ELT and dashboards make it easy for users to sync, store, access, and visualize their data without complex code. Panoply is a product line of SQream, specializing in data processing and analytics acceleration, revolutionizing the way organizations approach big data analytics and AI/ML workloads with its unique GPU-patented SQL engine. SQream’s solutions are designed to meet the needs of enterprises grappling with massive or complex datasets, offering unparalleled performance, scalability, and cost-efficiency. Tailored for industries ranging from finance to telecommunications, SQream empowers businesses to unlock actionable insights from their data with unprecedented speed and efficiency.
SQream is trusted by leading enterprises including LG Electronics, Samsung Display, Sinch, Orange, AIS, and more. To learn more, visit sqream.com or follow us on Twitter @sqreamtech.
Media Contact:Raz KaplanSenior Marketing Manager at SQream+972 [email protected]
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