Artificial Intelligence
Cambri raises another €8 million to scale its AI-powered insights platform used by major brands to predict product launch success
New investors include Octopus Ventures and Sir Martin Sorrell’s S4S Ventures
LONDON, Oct. 17, 2024 /PRNewswire/ — Cambri, the AI consumer insights and innovation platform used by household food and beverage brands such as Carlsberg, Coca-Cola, and Nestle has closed a new funding round. Octopus Ventures (one of the UK and Europe’s largest VCs) and S4S Ventures (co-founded by Sir Martin Sorrell) joined existing investors OpenOcean, Spintop Ventures and The 98 (co-led by former Nielsen US President Lynda Clarizio) in the new round. Cambri’s transformational AI technology addresses a major industry problem: the high failure rate of product launches. The new funds will be used to scale Cambri’s operations to meet the enormous opportunity and demand within the market research industry.
Traditional market research, consumer insights, and prediction models are outdated, static, and notoriously inaccurate, typically delivering just a 40% prediction accuracy. This means brands waste time and resources developing and launching products that consumers don’t need. By contrast, Cambri’s proprietary AI engine not only predicts the likelihood of a product’s success but also provides actionable insights to help improve products before launch. Cambri’s AI models are 2-3 times more accurate than traditional methods, enabling its customers to regularly achieve over 80% prediction accuracy for product launch success – contributing to Cambri’s 146% year-over-year ARR growth.
“Cambri really excels at providing timely and innovative research solutions across the innovation cycle. They’ve really helped us increase speed to deep and very actionable insights and I’m looking forward to continuing to grow our partnership. Everyone says you can only pick 2 from good, fast, and affordable…with Cambri, I get all 3.” Billy Fletcher, Global Director of Human Insights for Emerging Categories, The Coca-Cola Company
“Cambri is redefining how consumer insights drive innovation success. We’ve experienced rapid international growth and attracted many of the world’s leading consumer brands as customers. The new funding from these two experienced investors underscores the dramatic value our proprietary AI models drive for our customers, and will significantly support our expansion.” Ben Harknett, Cambri CEO
“We’re really excited about Cambri’s potential to drive significant efficiency gains and successful product launches for a wide range of businesses. The pace of their growth, and strength of their international partnerships, are testament to the value being generated by their proprietary AI models. We’re looking forward to seeing what they do next.” Constanza Diaz, Investor, Octopus Ventures
“Innovation is at the heart of corporate growth, but it is notoriously hard to achieve – 95% of the nearly 30,000 products introduced each year fail. When long-established consumer brands with impressive innovation track records such as Coca-Cola and Carlsberg are using Cambri’s AI-powered platform to drive their product innovation, this technology is capable of huge impact.” Sir Martin Sorrell, Executive Chairman at S4 Capital Group and Co-founder at S4S Ventures
“The legacy market research market is ripe for disruption. Cambri’s unique data sets and AI model have transformed an outdated and inaccurate process into a superpower for household consumer brands. Enterprise skepticism about the true value of AI to their their day-to-day operations may be valid across many current use cases – but Cambri stands out as an exception delivering clear and actionable value.” Sanja Partalo, Co-Founder and Managing Partner of S4S Ventures
About CambriCambri is a Nordic-based technology company founded in 2018. Its team consists of dedicated academics, technologists, product developers, data scientists, innovators, and insights professionals. Cambri’s mission is to help consumer brands avoid launching products that do not meet consumers’ true needs.
With the help of Cambri, all brand and product teams can innovate in an iterative test-and-learn manner and be confident in bringing only purposeful and long-lasting brands, products, and services to market.
About Octopus VenturesOctopus Ventures, part of Octopus Group, is one of the largest and most active venture capital investors in the UK and Europe. We’re on a mission to invest in the people, ideas and industries that will change the world.
We back entrepreneurs ─ from the first cheque their business receives, right through to IPO. We manage £1.8bn and are investing in more than 200 businesses, focusing on the companies solving three of the world’s biggest problems: those building a sustainable planet, empowering people, and revitalising healthcare.
We know what it takes to build a successful business. We support founders through our strong teams, sector expertise and deep networks, using our people and talent to help them build a better tomorrow.
About S4S VenturesS4S Ventures is a venture capital firm that invests in early-stage companies focused on transforming the Marketing and Advertising sector through digital innovation. The firm focuses on four principal areas: Martech, Adtech, Data Technology, and Creative Technology/AI. Its investment portfolio includes companies providing solutions for programmatic advertising, data warehousing, content development, and artificial intelligence. The team at S4S provides strategic guidance and operational support to their portfolio companies to ensure they have the resources they need to succeed. S4S Ventures believes in the power of technology to transform the marketing and advertising sector and is passionate about supporting startups that are driving innovation and change. www.s4sventures.com
For more information contact:Inkhouse for S4S [email protected]
Dani Kamras, Co-Founder of [email protected]+46 709 131 646
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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
Artificial Intelligence
GIGABYTE AORUS AI Power Redefines the Ultimate Gaming Experience at Paris Games Week 2024
TAIPEI, Oct. 17, 2024 /PRNewswire/ — GIGABYTE AORUS is set to deliver cutting-edge AI experiences at Paris Games Week 2024 with the “AORUS Infinity” theme, bringing immersive experiences fueled by powerful and innovative AI technology for gamers with the latest gaming hardware, including GIGABYTE AI PCs, OLED monitors, and the newly launched Intel Z890 series motherboards. Meanwhile, attendees can join in top-tier gaming experiences, competing for exclusive prizes in various game challenges at the booth.
The AORUS 17X, 16X, and GIGABYTE G6X, powered by Intel® 14th Gen HX processors and NVIDIA® GeForce RTX™ 40 GPUs, deliver up to 8x higher FPS in modern games and 13x faster image generation. The AORUS AI PCs exclusively feature GIGABYTE AI Nexus technology, which includes AI Boost, leveraging AI for dynamically overclocking during intense gaming sessions. AI Power Gear can intelligently extend battery life by switching off the discrete GPU when the laptop is unplugged, and AI Generator offers on-device generative AI utilities for quick startups.
Moreover, the visual-stunning lineups of OLED monitors range from 32″ to 49″, including two Red Dot award-winning models, the MO34WQC2 and the FO32U2P, the world’s first DP2.1 UHBR20 gaming monitor.
AORUS will showcase an all-white PC setup featuring the newly launched Z890 AORUS PRO ICE motherboard, AORUS RTX 4080 SUPER XTREME ICE graphics card, and the sleek GIGABYTE C500 Stealth ICE panoramic case, complemented by the M27QA ICE gaming monitor. Additionally, the new Intel Z890 series motherboards, including the MASTER, ELITE, and PRO ICE models, will make their debut at Paris Games Week 2024.
AORUS will deliver major gaming highlights, including Capcom “Kunitsu-Gami: Path of the Goddess”, and Game Science “Black Myth: Wukong”, offering a high-end PC gaming experience. Also, the gamers get the chance to win exclusive AORUS prizes from the Game modules “Counter-Strike 2”, “Forza Motorsport”, and “Street Fighter 6”.
For those unable to attend in person, AORUS is launching an online campaign, “Fly with AORUS,” offering the participants a chance to win a GIGABYTE M27QA ICE Gaming Monitor. Stay updated by following AORUS on Instagram for more event information and updates.
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View original content:https://www.prnewswire.co.uk/news-releases/gigabyte-aorus-ai-power-redefines-the-ultimate-gaming-experience-at-paris-games-week-2024-302273652.html
Artificial Intelligence
Press Announcement: AIMed24 Announces Strategic Partnership with Frost & Sullivan
SAN ANTONIO, Oct. 17, 2024 /PRNewswire/ — AIMed24, the premier event for artificial intelligence and healthcare innovation, is excited to announce its strategic partnership with Frost & Sullivan. This collaboration will further enhance AIMed24’s mission to advance healthcare with cutting-edge AI technologies. The conference will take place from November 17-19, 2024, at the Caribe Royale Orlando.
With over 60 years of supporting client growth, Frost & Sullivan has established itself as a leader in growth strategy and innovation through its unique Ecosystem of Content, Community, and Coaching. Frost’s Growth Pipeline as a Service (GPaaS) empowers companies, governments, and investors to maximize their economic potential while navigating emerging trends and pursuing sustainable growth. This partnership aligns perfectly with AIMed24’s focus on future-proofing healthcare through innovation.
Dr. Anthony Chang, founder of AIMed and Chief Intelligence and Innovations Officer at Children’s Hospital of Orange County, said, “Partnering with Frost & Sullivan brings immense value to AIMed24. Their expertise in fostering growth and innovation across industries, including healthcare, complements our mission to lead the conversation on AI’s transformative impact on patient care. Together, we’re shaping the future of medicine with pioneering ideas and real-world solutions.”
Greg Caressi, Senior Vice President of Global Client Services at Frost & Sullivan, shared his enthusiasm, stating, “We are thrilled to partner with AIMed24, a conference that has consistently brought together the brightest minds in AI and healthcare. This partnership aligns with our commitment to creating opportunities for sustainable growth and innovation, and our focus on AI in healthcare and life sciences applications. We look forward to contributing to the exchange of knowledge that will inspire the next wave of healthcare advancements.”
AI Med, a leading event that brings together experts at the intersection of artificial intelligence and healthcare, will serve as a platform for Greg Caressi to share his deep expertise in digital health transformation and AI-driven healthcare innovations. As a recognized thought leader in healthcare technology and innovation, Greg has spent decades analyzing emerging trends and fostering strategic initiatives that enhance data transformation and utilization of data to drive health outcomes.
AIMed24 is the must-attend conference for healthcare professionals, AI innovators, and technology leaders. With strategic partnerships like Frost & Sullivan, this year’s event promises to deliver an immersive experience, featuring groundbreaking keynote speakers, hands-on workshops, and unparalleled networking opportunities. The collaboration highlights AIMed’s global impact, with representation from all five continents and over 50 countries throughout its history. Attendees will have the opportunity to learn from industry experts and gain insights into AI’s role in shaping the future of healthcare.
Why This Partnership Matters: AIMed24 is committed to building long-term partnerships with key organizations that share its vision of improving healthcare through AI. Frost & Sullivan’s expertise in identifying growth opportunities and their forward-looking approach to industry trends makes them an ideal partner. Together, AIMed24 and Frost & Sullivan will deliver a unique, high-value experience for attendees, ensuring they leave equipped with actionable strategies and insights to drive AI innovation in healthcare.
Scholarships and Global Representation: AIMed24 is proud to continue its tradition of supporting clinicians and students from around the world through special scholarships. This initiative ensures that financial barriers do not prevent the brightest minds from participating in this world-class event.
Register Today: Don’t miss out on AIMed24! To learn more about the event and secure your tickets, visit www.aimed.events.
About Frost & SullivanFor over six decades, Frost & Sullivan has guided the world’s top companies toward transformational growth journeys that result in a stream of innovative growth opportunities. Frost’s Growth Pipeline as a Service (GPaaS) value proposition allows customers to maximize their economic potential, navigate emerging megatrends, and shape a future based on sustainable growth. Learn more.
About AIMed24AIMed24 is where AI and medicine’s brightest minds converge to shape the future of healthcare. Join us at the Caribe Royale Orlando from November 17-19 for groundbreaking keynotes, hands-on workshops, and exceptional networking opportunities with industry leaders.
Founded by Dr. Anthony Chang, AIMed is a clinician-led community advancing AI in health. AIMed24 will showcase impactful smart healthcare solutions, facilitate connections with AI trailblazers, and engage with top institutions and innovators.
Be at the forefront of healthcare innovation. Learn more.
View original content:https://www.prnewswire.co.uk/news-releases/press-announcement-aimed24-announces-strategic-partnership-with-frost–sullivan-302279447.html
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