Wednesday, July 6, 2022

Valio and Atria are first in Finland to pilot feed additive Bovaer® by DSM

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Valio and Atria were the first in Finland to test Bovaer®, a feed additive made by the Dutch company DSM. The additive has proved to reduce methane emissions produced by cows by 30%. The additive has generated promising results in trials in Europe and North America. During the 12-week test period, 400 cows at three different Valio dairy farms received feed containing the Bovaer® additive. Bovaer® received permission to be marketed in the EU.  

Profectus Capital goes live with Scienaptic’s AI credit platform

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Scienaptic AI, a global AI-powered credit decision platform provider, announced that Profectus Capital is now live on its platform. As a part of Phase-I implementation, Scienaptic has deployed its credit decisioning engine and industry-tested scorecards for Bureau data and Financial Statements to enhance small and medium business loan decisions. Moving forward, Scienaptic will also use its AI technology to determine risk patterns in Profectus’ customer behavior and provide sharper predictive risk signals.

Trellix gauges cyber fitness of Indian, Aussie and Japanese Gov’t agencies

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Trellix, a cybersecurity firm delivering the future of extended detection, released a global Cyber Readiness Report gauging tech adoption and perceptions of gov't cybersecurity leadership related to standards and the cooperation between the public and private sectors. 89% of respondents from India, Australia and Japan believe gov't-led initiatives can play a vital role in improving their nations’ protection against cyber threats. Respondents from these countries see opportunities for improvement in their partnerships with gov't in areas such as cyber defense coordination, threat information sharing and software supply chain integrity.

Innovative edtech HEX launches first international program in two years

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Following a two-year hiatus of international travel and study programs, edtech company HEX has launched its first global immersive program for startup founders and students since the pandemic, designed to guide new and early-stage ideas to make them a reality. The two-week hands-on program called Endeavour Singapore – from 2-16 July – will take place in the emerging Asian startup hub of Singapore, which has overtaken Silicon Valley as the number one place for startup talent and is home to over 3800 tech-enabled startups.

Smiths Detection to supply security screening equipment to ICN Airport

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Smiths Detection, a company in security screening tech, announces that it has been awarded a contract through their local partner, Donggok Precision Co., Ltd, to supply leading-edge passenger baggage screening equipment at Incheon International Airport’s (ICN) Terminal 1. Following a successful trial period, Smiths Detection will be providing ten HI-SCAN 6040 CTiX scanners, which use Computed Tomography (CT) technology to generate 3D images that deliver a very high level of detection and low false alarm rates.

APAC’s IT, business services market up in Q1 but growth remains uneven

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Asia Pacific’s IT and business services market grew by 28 percent in the first quarter, but demand slowed dramatically from a record fourth quarter as the region continues to produce uneven results, according to the latest state-of-the-industry report from Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

Improbable gets $150m to create M², a metaverse network and ecosystem

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Improbable, the UK-based metaverse technology company, announced that it has raised US$150 million in funding to establish and develop M² (MSquared), a network of interoperable Web3 metaverses powered by its Morpheus technology. The global metaverse revenue opportunity is expected to be worth $800bn by 2024, according to Bloomberg Intelligence, and has seen heavy investment in recent months.

New educational carbon accounting glossary launched by Normative

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Normative, the first carbon accounting engine, has unveiled a Carbon Glossary, which collects carbon accounting’s most common terms, abbreviations, and frameworks in one place. Carbon accounting is a relatively new field, and one that is rife with jargon. The Carbon Glossary helps people decode its most frequently-used concepts, whether they are new to the area or they are veterans looking to brush up on their knowledge.

Medline International to acquire medical products supplier ASID BONZ

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Medline International B.V., a manufacturer of healthcare supplies in Europe, and Medi-Globe Group, headquartered in Germany, announced that Medline has entered into a definitive agreement to acquire 100% of shares of ASID BONZ GmbH from Medi-Globe Group. ASID BONZ is a leading supplier to hospitals in Germany, offering high-quality surgery, anesthesia, ward-supply and urology products. ASID BONZ was founded in 1811 and is known worldwide for the development of the first anesthetic ether. In 2021, ASID BONZ recorded over 30million Euros in revenues and served over 1100 hospitals in Germany.

Fidel API raises $65m to enable the future of programmable money

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Fidel API, a global financial infrastructure platform, announced it has raised $65m in Series B funding. The round was led by Bain Capital Ventures, with participation from investors NYCA Partners, QED Investors and more. It brings Fidel API’s total funding to $88m since inception. Fidel API enables developers to create programmable experiences that enhance the value of using and accepting payment cards.