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Chloris Geospatial, the leading company in global forest carbon monitoring, welcomes the Cisco Foundation and NextSTEP as investors

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BOSTON, May 29, 2024 /PRNewswire/ — Chloris Geospatial, the leading technology company measuring forest carbon from space, welcomes the Cisco Foundation and NextSTEP as investors. The two new additions join existing investors AXA IM Alts, Orbia Ventures, At One Ventures, and Counteract in a new funding round that will support the continued advancement of Chloris’ mission.

Forest conservation and restoration are vital solutions to the climate change and biodiversity crisis and a necessary tool to steer the global economy toward attaining net-zero emissions by 2050. Chloris’ monitoring technologies enable the scaling of these solutions by allowing trustworthy assessment of their impact on the ground.
Developed under the guidance of its co-founder and Chief Science Officer, Dr. Alessandro Baccini, Chloris’ technology produces reliable annual estimates of biomass density and quantifies forest carbon stock and change for any area of interest by utilizing earth observation data, proprietary sensor fusion, and machine learning algorithms. Chloris’ technology empowers governments, companies, civil society organizations, indigenous peoples, and local communities to track all biomass dynamics – including those arising from deforestation, degradation, and growth of trees – from field to continental scale and understand the impact of their forest carbon projects and supply chains.
The new funding round will enable Chloris to meet the evolving needs of the market, while facilitating continued commercial growth and solidifying Chloris’ position as the most trusted name in remote sensing for forest carbon accounting.
“We are thrilled to have secured continued support from our existing investors and extend a warm welcome to the Cisco Foundation and NextSTEP,” said Chloris co-founder and CEO Marco Albani. “This investment reaffirms the confidence of our investors and their commitment to our mission of delivering high-integrity data on the impact of nature and climate action.”
Chloris also announced today that Adam Gibbon, Natural Capital Lead at AXA IM Alts, has joined its board of directors.
“We think that Chloris’ technology is a leap forward, allowing forest biomass measurement at unparalleled scale, speed and accuracy, and expect it to become the de facto standard for forest carbon projects and supply chain footprinting. This investment contributes to AXA IM Alts’ mission to invest into activity and solutions that ensure the protection, restoration, and sustainable management of natural capital,” said Adam Gibbon, Natural Capital Lead at AXA IM Alts.
“Through the Cisco Foundation’s climate investments, we strive to support early-stage climate ventures that can catalyze substantial climate impact,” said Elias Habbar-Baylac, Climate Investor with the Cisco Foundation. “Our support for Chloris Geospatial is rooted in their exceptional ability to monitor forest carbon dynamics with precision and scale. Chloris’ advanced sensor fusion technology and machine learning models provide essential data for robust, scalable natural carbon sinks management, aligning with Cisco Foundation’s strategy to protect and scale natural carbon sinks.” The Cisco Foundation was established in 1997 with a gift from Cisco. In 2021, the Cisco Foundation committed US$100 million over the next 10 years to fund innovative climate solutions.
“Our strategic investment in Chloris, a decision made in alignment with our mission and values, reflects the critical role of trusted monitoring technologies in tackling climate change effectively,” said Claudio Colombo, Managing Director at NextSTEP. NextSTEP (NextEnergy Sustainable Technology for the Planet) is an investment initiative promoted by NextEnergy Group dedicated to pre-seed and seed investments in CleanTech startups.
“Nature based solutions are critical components in humanity’s efforts to reduce carbon in the atmosphere. Orbia Ventures spent many months evaluating the remote sensing market before deciding to invest in Chloris. Having the best team in the industry, Chloris is the only company in the world that can cost effectively and at scale measure the carbon stocks and changes in every forest in the world since the year 2000,” said Shai Albaranes, VP Innovation and Ventures at Orbia.
About Chloris GeospatialChloris Geospatial is a leading provider of trustworthy forest carbon insights, leveraging artificial intelligence and machine learning to create innovative solutions that drive business value. The technology helps businesses make informed decisions and improve operations through scalable and cost-effective actionable insights maximizing funds for action on the ground.
For more information, visit www.chloris.earth.
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View original content:https://www.prnewswire.co.uk/news-releases/chloris-geospatial-the-leading-company-in-global-forest-carbon-monitoring-welcomes-the-cisco-foundation-and-nextstep-as-investors-302158131.html

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Eye Level holds its 2024 Eye Level Math Olympiad for students to test out their math skills.

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SEOUL, South Korea, Oct. 17, 2024 /PRNewswire/ — Eye Level is hosting the 2024 Math Olympiad (ELMO 2024), inviting students from grades 1 to 8 worldwide to showcase their math skills. The competition will run from November 9 to December 1, following each country’s schedule across 15 countries.object

This Olympiad, part of the annual Eye Level Math Olympiad series established in 2004, offers students a valuable opportunity to assess and enhance their mathematical abilities. The test lasts approximately one hour and is designed to challenge students across various areas of math skills, covering most arithmetic and critical thinking domains. Questions are tailored to each grade level, allowing students to evaluate their skills objectively.All participants will receive a certificate of participation and a comprehensive analysis of their test results. Official results and winners will be announced in January 2025 on myeyelevel.com, with award ceremonies planned to be held locally for outstanding participants.
Registration is currently open on myeyelevel.com.
About Eye Level
Eye Level is an international provider of supplemental education services in Math and English with more than 2 million students having experienced its programs. Eye Level guides the students to learn at their own pace, and achieve their goals. With a growth-minded learning process, Eye Level helps students build good learning habits that become the foundation of great talent – setting them up for success in school and beyond. 
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View original content:https://www.prnewswire.co.uk/news-releases/eye-level-holds-its-2024-eye-level-math-olympiad-for-students-to-test-out-their-math-skills-302278994.html

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n2 Group Advances HPC/AI Portfolio by Acquiring Managed Services Company X-ISS

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OXFORD, England, Oct. 17, 2024 /PRNewswire/ — n2 Group, the transformative computing technology investment company, announces the acquisition of high-performance computing (HPC) and AI specialists, X-ISS. The addition of X-ISS expands the Group’s portfolio– joining NAG, VSNi, BioTeam and STAC—as it accelerates advancements in technology and computation, underpinned by innovation, technical excellence, and a focus on long-term growth.

n2 Group invests selectively in technical computing companies with deep business impact in a variety of sectors, providing operational support and a collaborative approach to innovation and business transformation. The addition of X-ISS will further strengthen the Group’s already strong HPC/AI credentials, with NAG, STAC and BioTeam already adding to this space. 
X-ISS is a pioneer in Managed Services specifically designed for HPC/AI. With their in-depth understanding of hardware and software complexities within HPC and AI, they deliver highly impactful end-to-end services to clients through the integration, optimization and management of HPC/AI systems. The integration of X-ISS into n2 Group aligns with the Group vision of improving the accessibility, quality and robustness of computing solutions to enable greater productivity in industry. 
X-ISS will operate as an autonomous business within the n2 Group, maintaining its brand, identity and ethos. n2 Group’s status as an independent, member-backed organisation with no external financial stakeholders allows X-ISS to continue providing impartial advice based on the technology needs and challenges of its clients. Inter-group synergies will enable greater innovation and collaboration, advancing the Group’s position and long-term HPC/AI market impact. 
“X-ISS strengthens the n2 community in the strategically important area of HPC/AI”, said Adrian Scales, Snr Director of Investments and Partnerships at n2 Group. “As a respected boutique HPC service provider, X-ISS is helping clients navigate an increasingly complex landscape in terms of technologies and software integrations with AI and analytics. The acquisition strongly complements the Group’s existing HPC professional services capability, and we are delighted to have them on board.”
“This is an important milestone for X-ISS.”, said Deepak Khosla, CEO X-ISS, “The partnership with n2 Group will enable us to enhance our flagship ManagedHPC solution by leveraging n2’s complementary services and product developments, allowing us to deliver even greater value to our customers. As businesses face increasing challenges with complex technologies like AI and cloud computing, we’re now better equipped to support them with the same quality, passion, and partnership that defines X-ISS. I am excited about the opportunities this can bring for current and future X-ISS customers.”
About n2 Group  
At n2 Group we are transforming computing and technology investment with a radical new approach. Our businesses are all established, purpose-driven market-leaders in computing products or services. We stimulate long-term sustainable growth through group-level support in strategy, business development, innovation, and operations. With no shareholders or external financial interests, we reinvest all profits back into the group or to the community, reinforcing our commitment to positive social impact through technological advancements.    
n2 Group companies are at the forefront of computing and IT infrastructure, helping clients in various sectors to be more productive, innovative or reduce risk through advanced software and services. Rapidly expanding in high-performance computing, artificial intelligence, and scientific computing, our businesses maintain their unique brands and identities, but benefit from the expanded network available through the group.   
n2 Group Companies  
•  BioTeam: Scientific computing consultancy integrating technologies, data, and cultures to accelerate science. 
•  NAG: Advanced products and services in algorithms, optimization, high-performance computing and AI. 
•  STAC: Independent financial services technology research and community events. 
•  VSNi: Proven statistical solutions and data expertise driving innovation and success.  
•  X-ISS: Industry leading management and analytics solutions for HPC/AI systems.
For more detailed information and the latest updates, visit n2 Group. 
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TIE 2024 Unveils a New Era of Innovation

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A New Era of AI-powered Innovation and Industrial Revolution: Driving Integration of Smart Tech into Daily Life.
TAIPEI, Oct. 17, 2024 /PRNewswire/ — The 2024 Taiwan Innotech Expo (TIE) kicked off today at Taipei World Trade Center with a focus on “Smart Tech Island –The New Era of AI.” This year’s event showcases over a thousand advanced technologies and research achievements across six key areas: digital information, data security, precision health, defense, green and renewable energy, and civil and military resilience, heralding a new chapter in the technological evolution of industries.

Online and On-Site Exhibitions Offers Comprehensive Access to the Latest Innovations
TIE 2024 offers a seamless blend of virtual and physical experiences. Visitors can explore technologies, register for events, and plan their visit online before the expo opens. During the expo period, the event website provides essential tools such as e-meeting requests, product maps, and program registration. For those who were unable to attend in person, online attendees can view exhibits and access business negotiation records even after the expo is closed, fostering ongoing collaboration and opportunities. As a leading platform for technological innovation exchanges in Taiwan, TIE 2024 showcases the nation’s advancements in AI and smart technologies. This event is anticipated to drive industry transformation and opens new chapters in technological innovation.
Official Website: https://tie.twtm.com.tw/en

View original content:https://www.prnewswire.co.uk/news-releases/tie-2024-unveils-a-new-era-of-innovation-302279310.html

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