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
Morgan State University Obtains $1.2 Million in Federal Science, Technology Grants
NSF and NIH Funding Boosts Morgan’s School of Computer, Mathematical and Natural Sciences
BALTIMORE — Morgan State University’s (MSU’s) School of Computer, Mathematical and Natural Sciences (SCMNS) has announced the receipt of four federal grants totaling more than $1.2 million, awarded in the spring and summer of 2020. The funds are supporting important research in science, technology, engineering and mathematics (STEM) fields ranging from pharmatechnology to advanced computing to meteorology to computer science instruction. Collectively, the grants indicate steady progress toward Morgan’s goal of attaining an R1 (“very high research”) designation from the Carnegie Classification of Institutions of Higher Education. MSU was elevated to an R2 (“high research”) Carnegie classification in December 2018.
“Receiving four grants by four different faculty members testifies to the quality of the faculty and their devotion to the
One of the speeders’ attorneys, Josh Engel, said they are considering an Ohio Supreme Court appeal.
“We are disappointed, especially since the court (and particularly Judge Piper) seemed to recognize the unfairness of a system designed primarily for profit, not safety,” Engel told the Journal-News.
Retired Butler County Judge Michael Sage deemed the program unlawful in March 2014 and Judge Michael Oster affirmed that ruling and ordered the village repay the tickets and around $400,000 in interest.
ExploreNew Miami: Village only owes speeders $10K, not $3.4M
New Miami’s outside counsel James Englert said he could not comment until he read the decision.
The speed cameras won’t begin rolling again any time soon however because the village is also locked in litigation with the state over punitive new laws that have curtailed their program. New Miami asked Common Pleas Judge Greg Howard to issue a temporary restraining order and injunction
A roundup of notable gifts compiled by the Chronicle:
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
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
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
Supernovas are amazingly bright explosions of massive stars at the end of their lives. During the gravitational collapse, the outer layers of the star are pushed away, and chemical elements formed inside the dying star are released into space. This cosmic dust rains down onto the Earth continuously, eventually becoming part of sediments deposited in the sea.
Research published in the journal Physical Review Lettersused the concentrations of elements formed in an exploding star and preserved in oceanic sediments to hypothesize that a supernova exploded near Earth just 2.5 million years ago.
The authors, led by Dr. Gunther Korschinek from the Technical University of Munich, focused their study on ferromanganese crusts
Count this as another sign that the scrappy market for decentralized finance is growing up.
Boardroom, a company developing a platform for DeFi governance, has completed a $2.2 million raise. The round was led by Standard Crypto, which was joined by a slew of digital asset investors including Slow Ventures, CoinFund, and Framework. The firm says it will use the fresh cash to build a suite of tools for DeFi power-users and protocols delegates to more seamlessly participate in governance decisions across projects.
Despite the breakneck growth of the DeFi market in recent months, governance has been fragmented and clunky. Stakeholders are forced to navigate disparate channels to access information about governance decisions and then vote, says Boardroom founder Kevin Nielson.
For instance, users who want to delegate their voting power to a third-party have to jump through a number of hoops to do so. In some cases token holders
Puma 3 All Environment (AE) unmanned aircraft system delivers immediate tactical intelligence, surveillance and reconnaissance (ISR) in maritime and land operations
Customer is among the 50 allied government forces relying on AeroVironment’s innovative family of tactical unmanned aircraft systems (UAS); Foreign Military Sales (FMS) program promotes interoperability among U.S. and allied forces for joint operations
Long-Range Tracking Antenna (LRTA) enables 60 kilometer range, and is now available in both M1/2/5 and M3/4/6 Digital Data Link (DDL) military operating bands
AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced it secured a $8,371,332 firm-fixed-price U.S. Department of Defense FMS contract award on September 25, 2020 for Puma™ 3 AE tactical UAS, training and support to an allied nation. Delivery is anticipated by March 2021.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005680/en/
Puma 3 AE (All Environment) is ideal for use in day,