Monthly Archives: March 2024

DocNow Raises Seed Round to Further Expand Next Generation Electronic Health Record (EHR) System for Post-Acute Care Providers

BELLEVUE, Wash., March 7, 2024 — DocNow, a provider of Electronic Health Record (EHR) and wound care management solutions for Post-Acute Care providers, today announced it has closed a Series Seed round led by Waterline Ventures.

DocNow was designed by a physician who was frustrated with the inefficiencies of legacy Post-Acute Care systems. DocNow integrates seamlessly with existing facility EMRs, such as PointClickCare and MatrixCare, and enables medical professionals to see more patients, generate additional revenue per visit, and significantly reduce the time it takes to chart and complete other administrative tasks. By automating provider workflows around note generation and charge capture, practices can improve billing accuracy and compliance.

Since launching in 2019, DocNow has established partnerships with approximately 2,000 long-term care facilities. DocNow services several specialties including Physical Medicine and Rehabilitation, Cardiology / Pulmonology, Behavioral Health (Psychiatry + Psychology), and Internal Medicine. For Wound Care providers, the company offers a mobile application for photos, measurements, and wound-specific assessments that seamlessly sync with the EHR.

DocNow’s platform is designed to fit the specific needs of each practice. DocNow offers assistive note generation, advanced templating, and multiple other tools to help providers efficiently complete their work. Robust bi-directional integrations with facility EMRs such as PointClickCare and MatrixCare allow for maximized automation.

“We are on a mission to fundamentally change the Post-Acute Care space by providing modern technology for providers. Based on growing market demand, we are very excited to partner with Waterline to scale our operations as we become the leader in the Post-Acute Care EHR space,” said Dr. Kashif Saeed, CEO and Founder of DocNow.

“We are thrilled to partner with the team at DocNow,” said Robbie Greenglass, Founder and Managing Director at Waterline Ventures. “The platform is built for clinicians, by clinicians. Kashif has experienced first-hand the frustrations that legacy software brings to daily life of providers in the field. At the end of the day, this means that patients will benefit from more time spent with their care teams, which is always the goal.”

The company plans on using the capital to accelerate the development of innovative features, expansion across the Post-Acute Care space, and continued customer focus.

About DocNow

DocNow is a Post-Acute Care Electronic Health Record (EHR) system made for providers, by providers. With facility integration, manual entry is eliminated and advanced templates and customized shortcuts reduce charting time. MIPS compliance, automated order generation, coding, biller integration, and a flexible, configurable platform that streamlines the entire charting process, makes it quick and easy to chart and focus on patient outcomes. Specific to wound care, the DocNow EHR includes a mobile application, capture of wound-specific documentation, measurement & photo features, assessment, automated order generation, automated coding, billing integration, and the ability to customize templates.

For more information, please visit DocNow and follow us on LinkedIn.

About Waterline Ventures

Waterline Ventures is a Boston-based investment firm that partners with early-stage healthcare technology and services companies improving the way care is delivered. With increasing costs, inconsistent quality, and inadequate access to healthcare, the opportunity for technological innovation in the space is massive. Waterline invests in entrepreneurs that are building next-gen technology and care models that optimize the healthcare experience for payors, providers, pharma, and ultimately, patients. Waterline’s entrepreneurs understand the nuances of the healthcare landscape and create efficient businesses that drive meaningful innovation within the system.

SOURCE DoctorNow, Inc


Fannie Mae Prices $751 Million Connecticut Avenue Securities (CAS) REMIC Deal

WASHINGTON, March 7, 2024 — Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2024-R02, an approximately $751 million note offering that represents Fannie Mae’s second CAS REMIC® transaction of the year. CAS is Fannie Mae’s benchmark issuance program designed to share credit risk on its single-family conventional guaranty book of business. Year to date, Fannie Mae has issued approximately $1.57 billion of notes under the CAS program.

The reference pool for CAS Series 2024-R02 consists of approximately 56,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $18.6 billion. The reference pool includes collateral with loan-to-value ratios of 60.01 percent to 80.00 percent, which were acquired between April 2023 and July 2023. The loans included in this transaction are fixed-rate, generally 30-year term, fully amortizing mortgages and were underwritten using rigorous credit standards and enhanced risk controls.

Fannie Mae will retain a portion of the 1M-1, 1M-2, 1B-1, and 1B-2 tranches, and initially will retain the full 1B-3H first-loss tranche.

Class

Offered Amount

($MM)

Pricing Level

Expected

Ratings

(S&P/DBRS)

1M-1

$256.326

30-day Average SOFR plus 110 bps

A (sf) / A (high) (sf)

1M-2

$229.809

30-day Average SOFR plus 180 bps

BBB+ (sf) / BBB (high) (sf)

1B-1

$176.776

30-day Average SOFR plus 250 bps

BB+ (sf) / BBB (low) (sf)

1B-2

$88.388

30-day Average SOFR plus 370 bps

B+ (sf) / BB (sf)

Wells Fargo Securities, LLC (“Wells Fargo”) is the lead structuring manager and joint bookrunner. StoneX Financial Inc. (“StoneX”) is the co-lead manager and joint bookrunner. Co-managers are BofA Securities, Inc. (“BofA”), Cantor Fitzgerald & Co. (“Cantor”), Citigroup Global Markets Inc. (“Citigroup”), and Morgan Stanley & Co, LLC (“Morgan Stanley”). Selling group members are Minority and Service-Disabled Veteran-owned Academy Securities, Inc. and African-American-owned CastleOak Securities, L.P.

With the completion of this transaction, Fannie Mae will have brought 63 CAS deals to market, issued over $66 billion in notes, and transferred a portion of the credit risk to private investors on over $2.1 trillion in single-family mortgage loans, measured at the time of the transaction.

To promote transparency and to help credit investors evaluate our securities and the CAS program, Fannie Mae provides ongoing, robust disclosure data, as well as access to news, resources, and analytics through its credit risk transfer webpages. This includes our innovative Data Dynamics® tool that enables market participants to interact with and analyze CAS deals that are currently outstanding in the market and Fannie Mae’s historical loan dataset. Our EU Resources and UK Resources webpages are designed to help European Union and UK institutional investors, as well as those managing funds subject to EU/UK regulations.

In addition to our flagship CAS program, Fannie Mae continues to transfer mortgage credit risk through its Credit Insurance Risk Transfer (CIRT) reinsurance program.

About Connecticut Avenue Securities
CAS REMIC notes are issued by a bankruptcy-remote trust. The amount of periodic principal and ultimate principal paid by Fannie Mae is determined by the performance of a large and diverse reference pool. For more information on individual CAS transactions, visit our credit risk transfer webpage.

About Fannie Mae
Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible. To learn more, visit:
fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog

Fannie Mae Newsroom
https://www.fanniemae.com/newsroom

Photo of Fannie Mae
https://www.fanniemae.com/resources/img/about-fm/fm-building.tif

Fannie Mae Resource Center
1-800-2FANNIE

Statements in this release regarding the company’s future CAS transactions are forward-looking. Actual results may be materially different as a result of market conditions or other factors listed in “Risk Factors” or “Forward-Looking Statements” in the company’s annual report on Form 10-K for the year ended December 31, 2023. This release does not constitute an offer or sale of any security. Before investing in any Fannie Mae issued security, potential investors should review the disclosure for such security and consult their own investment advisors.

SOURCE Fannie Mae


BIOBOT SUCCESSFULLY CLOSES S$24 MM SERIES B FUNDING ROUND

In the ever-evolving landscape of medical technology, BIOBOT stands at the forefront of innovation, leading the charge in transforming prostate disease management, and tackling the second biggest cause of cancer-related deaths among men. The impact of BIOBOT’s technology is already being felt worldwide. With more than 50 Mona Lisa robots deployed globally, and over 20,000 procedures successfully completed, the company is making a tangible difference in the lives of patients.

This achievement is a testament to the dedication and hard work of the BIOBOT team, as well as the unwavering support of investors and partners. This funding round is led by Mr. Tony Tan, an entrepreneur and investor in healthcare technologies and services. Together with their existing partner, ZIG Ventures, and the new strategic investors, BIOBOT will continue to push the boundaries of what is possible in prostate disease management. 

At the heart of the BIOBOT mission lies a commitment to excellence and innovation. With the recent FDA clearance of their groundbreaking surgical robotic system, Mona Lisa 2.0, BIOBOT is poised to set new standards in prostate cancer treatment. Collaborating closely with international urologists, centers of excellence, and hospitals, BIOBOT develops cutting-edge robotic systems that provide precise needle positioning for prostate biopsy and ablation, with significant clinical benefits. The funds raised in this round will fuel global expansion efforts, allowing BIOBOT to bring cutting-edge technology to more patients and healthcare professionals around the world.

The Series B funding will also enable BIOBOT to expand its presence worldwide and further develop its digital surgery infrastructure. Mona Lisa leads the way as the first and only commercially available robotics-assisted transperineal needle positioning device.

Together with investors, partners and the entire BIOBOT team, the company is pioneering a new era of prostate disease management, one that is defined by precision, innovation, and above all, a commitment to improving patient outcomes.

About Biobot: At BIOBOT, we’re dedicated to redefining the standard of care in urology through technological innovation. Our flagship product, the iSR’obot Mona Lisa system, arms urologists with cutting-edge robotic precision and enhanced visualization for percutaneous transperineal procedures.

Related Links
Biobotsurgical.com

SOURCE BIOBOT Surgical


NPS Completes $17.5M Series B Funding for Software-Defined Radar Led by Cota Capital with Key Strategic Investment from GM Ventures and RTX Ventures

PLEASANTON, Calif., March 7, 2024Neural Propulsion Systems (NPS), a pioneer in software-defined radar, today announced it secured a $17.5 million Series B funding round. The round is led by Cota Capital with contributions from GM Ventures, the venture capital arm of General Motors Co. (NYSE: GM), and RTX Ventures, the venture capital arm of RTX (NYSE: RTX). This collaboration marks a transformative step in enhancing roadway safety (benefiting pedestrians, drivers and all other traffic participants) and defense radar systems.

NPS will use the investment to further develop and apply its award-winning Atomic Sensing Platform to automotive radar technology. The platform provides significantly enhanced, reliable radar resolution and groundbreaking precision. The improved performance stems from a new mathematical framework known as the Atomic Norm (AN), revolutionizing how the raw sensor data is processed into relevant information.

“This investment confirms the value of our vision and technology,” said Dr. Behrooz Rezvani, Founder and CEO of NPS. “By harnessing the potential of our newly developed radar technology, we can potentially achieve performance enhancements that are over 10 times greater than current radar capabilities, putting us at the forefront of revolutionizing the $28 billion radar market. Our radar software works with all radar hardware and significantly improves the performance of existing sensing platforms with lower cost and more efficiency.”

The NPS software-defined radar, SDR, achieves near maximum likelihood performance in detection — meaning, the NPS proprietary software achieves close to what is theoretically possible with existing radar sensors. This advancement in radar technology enables clearer and earlier detection.

“Behrooz and his team are achieving new benchmarks for advanced radar sensing technology,” said Bobby Yazdani, Founder and Partner of Cota Capital. “We recognize the significant impact NPS can have in the fields of mobility and defense systems, and our investment reflects Cota Capital’s commitment to ground-breaking innovation.”

The National Highway Traffic Safety Administration’s (NHTSA) proposed rule changes in May 2023 aim to significantly reduce roadway fatalities by strengthening regulations around automatic emergency braking (AEB) and pedestrian AEB (PAEB). NPS’s technology is poised to further assist companies and suppliers in meeting these new standards, using less complex and more reliable sensors.

“NPS’s continued focus on enhancing defense radar systems exemplifies the commitment that is needed to transform the aerospace and defense landscape,” said Dan Ateya, President and Managing Director at RTX Ventures. “To protect against tomorrow’s threats, RTX Ventures looks to invest in companies working to solve the most complex challenges today and the NPS automotive radar technology does just that.”

About Atomic Sensing Platform and Atomic Norm Tensor Processing Software
The NPS Atomic Sensing Platform for automotive market is powered by the patented Atomic Norm Tensor Processing Software to achieve disruptively high resolution, precision and reliability. NPS ANTP radar SW performance is based on a new mathematical framework, the Atomic Norm, that transforms how sensor data is processed and understood. AN Radar SW technology achieves revolutionary, never-before-seen radar performance that solves industry-level challenges and opens the door for the future of ADAS, autonomous driving and next-generation aerospace and defense systems.

About Cota Capital
Cota Capital backs the bold. Cota is a technology investment firm that partners with exceptional teams to build and grow timeless companies that enable the future. Cota delivers Knowledge Capital, a differentiated combination of deep operational expertise, know-how, impactful and data-driven market insights and intelligence, and a vast industry network. Together, these elements are put to work to empower Cota entrepreneurs to execute their vision, unlock scale, minimize risk and bring enduring ideas to life. For more information, please visit www.cotacapital.com.

About Neural Propulsion Systems (NPS)
Founded in 2018 by Silicon Valley luminaries, NPS develops digital imaging radar technology. Based on a radar algorithm system capable of running on a multitude of hardware platforms, the NPS Atomic Norm Radar SW achieves performance that reaches the information-theoretic limits of what is mathematically possible, enabling groundbreaking applications in the mobility and defense industries. Find NPS on the Web, X and LinkedIn.

All product and company names may be trademarks or registered trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Media Contact:
Gary Bird
FortyThree, Inc.
831.888.9011
[email protected]

SOURCE Neural Propulsion Systems


Cosmology Raises $5M to Simplify Web3 Application Development

The “Adobe for Web3” makes building dApps accessible to a wide range of developers, not just those who have expertise with the entire blockchain stack

SAN FRANCISCO, March 7, 2024Cosmology, the tech suite that enables developers to build Web3 apps in the Cosmos ecosystem, has closed its $5M seed round, co-led by Galileo and Lemniscap with participation from Dispersion, Hashkey, Tuesday Capital, the Osmosis Foundation, Chorus One, Informal Systems, and angels including Kevin Lin, Zaki Manian, Leland Lee, and Ethan Beard. As an official part of the Interchain Stack, Cosmology empowers over 2,000 developers to build applications like dYdX, Osmosis, and Celestia. This funding allows Cosmology to support the growth of the interchain, and provide tools that make app development accessible without requiring deep technical blockchain knowledge.

“Having spent nearly three decades at the intersection of design and technology, I see the potential of Web3 and the need to lower the barriers to development,” said Dan Lynch, Founder of Cosmology. “Our mission is to empower a broad range of developers, driving innovation and the shift from Web2 to Web3. We achieve this by enabling builders to swiftly turn their ideas into launched applications, focusing on big-picture concepts rather than the low-level technical details of blockchain.”

Cosmology’s tools make the development of Web3 applications dramatically simpler for developers throughout the interchain and have been downloaded over 5 million times. They’ve created tools like Telescope, which generates easy-to-use TypeScript libraries for developers to access the functionality of Cosmos blockchains, and Cosmos Kit, a universal wallet adapter for quickly making apps that easily interact with Cosmos blockchains and wallets.

“Dan’s work building developer tooling has led to huge growth in the number of applications being built in Cosmos,” said Sunny Aggarwal, Founder of Osmosis. “Cosmology is making app development on the 100+ blockchains in the ecosystem a streamlined, elegant process.”

Initially focused on front-end tools, Cosmology is now broadening its scope of services to offer a comprehensive full-stack environment for developers. The team now includes experts in key blockchain technologies like Tendermint, Cosmos SDK, and IBC Protocol, enhancing its suite’s capabilities across the board. This expansion gives Cosmology extra bandwidth to support developers from design to deployment, covering everything from user interface design all the way to backend blockchain and smart contract tooling.

“Cosmology is the bedrock underlying everything being built right now in the Cosmos and Celestia ecosystems,” said David Feiock, Managing Partner at Galileo. “As an integral part of building application-specific blockchains, Cosmology tools like Telescope materially reduce the complexities for developers allowing for much quicker innovation and iteration cycles, which will be an essential component of this next phase of growth in crypto.”

Commenting on the announcement, Roderik van der Graaf, Founder of Lemniscap, said: “To date, the perceived complexity of Web3 has kept many Web2 developers from exploring novel use cases that would enhance their product offerings. Cosmology is playing a pivotal role in enabling developers to incorporate Web3 elements in their applications, while circumventing the steep Web3 learning curve. We’re delighted to have co-led this funding round and look forward to supporting Dan and the team in executing a strong growth strategy in 2024 and beyond.”

“Dan’s experience building and exiting low-code platforms like Brandcast is invaluable in the Web3 space, where building applications can prove daunting,” said Pat Gallagher, Managing Partner at Tuesday Capital. “Cosmology is democratizing the digital landscape for businesses and developers alike with an Adobe-style suite of products that lower the barrier to entry, so decentralized application development doesn’t require the full-stack expertise that very few software engineers possess.”

“In the early days of the internet, the concept of every business having its own website once seemed like a pipe dream. Today, we’re at a similar point in time before the brink of a revolution with the Internet of Blockchains. Much like low and no-code platforms transformed Web2, making digital participation accessible to all businesses, I see a future where Web3 is equally open and user-friendly,” said Dan Lynch.

As Cosmos becomes an increasingly interwoven mesh of blockchains, Cosmology is at the forefront of enabling developers to build interchain-native applications. This raise helps the team further build out the essential tooling that’s making Cosmos one of the most attractive places to build in Web3 today.

About Cosmology

Cosmology is creating the Adobe of Web3 – a suite of products that work interdependently to catalyze creativity for builders.

Cosmology is building a unified developer experience for cross chain dApps, streamlining everything from low-level encoding and signing to user interfaces and wallet adapters. Our tools are becoming the standard in the interchain, where our community has now grown to 100+ chains and countless smart contract projects across the Cosmos ecosystem.

Hundreds of developers leverage Cosmology’s software to build DEXes, wallets, governance tooling, NFT platforms, lending, leverage, and liquid staking protocols. These include Osmosis, dYdX, Celestia, Cosmostation, Stride, Juno, DaoDao, Stargaze, Mars Protocol, Leap Wallet, AstroTech, Persistence, Quicksilver and more.

Press Contact

Frank Spence
[email protected]
415-294-1157

Photo – https://mma.prnewswire.com/media/2357105/Cosmology.jpg

SOURCE Cosmology


Cullen Capital Management LLC Selects SEI’s Advisors’ Inner Circle Fund Trust to Launch First Active ETF

Active ETF Trend Provides Growth Opportunity for Asset Managers

OAKS, Pa., March 7, 2024SEI® (NASDAQ: SEIC) today announced that Cullen Capital Management LLC (Cullen Capital) selected the Advisors’ Inner Circle Fund® as its operational platform for the Cullen Enhanced Equity Income ETF (NYSE: DIVP), its first active ETF. Cullen Capital’s first active ETF aims to offer a higher income potential compared to traditional equity-income investments.

Assets in active ETFs have grown significantly from $350.4 billion in 2022 to $532.9 billion in 2023, representing a 34% increase1 and driving the entry of asset managers like Cullen Capital into the active ETF market. DIVP integrates dividends from equity holdings with premiums from covered call options on a portion of the portfolio, enabling the potential for upside market participation in addition to income generation.

Jeff Cullen, Managing Director of Cullen Capital Management, said: 

“We’ve selected SEI’s Advisors’ Inner Circle Fund to launch our first active ETF because it offers an established, proven operational platform that efficiently addresses the complexities associated with ETF product strategy, distribution, and compliance. SEI’s series trust and client service model provides us with the infrastructure and expertise needed to quickly and successfully bring our first ETF to market.”  

Mike Beattie, Managing Director of SEI’s Investment Managers business and President of the Advisors’ Inner Circle Fund, added:  

“We are pleased to provide Cullen Capital Management with the operational infrastructure and advice they need to launch their active ETF product. With our turnkey operational platform and dedicated, skilled relationship management team, SEI will provide ongoing oversight of their ETF fund.” 

With the significant increase in new active ETFs hitting the market in 2023, investors piled another $131 billion into their net flows, setting another annual record. That growth accounted for 22.1% of net flows into all ETF products in 2023.1 

John Alshefski, Senior Vice President and Managing Director of SEI’s Traditional Investment Managers business, said:

“Asset managers like Cullen Capital Management are expanding their investment lineup with active ETFs, and we’re excited to support them with the Advisors’ Inner Circle Fund Trust—alleviating the need for them to build their own in-house operational infrastructure. With the rising popularity of active ETFs as an investment vehicle, we believe we are well-positioned to seize growth opportunities by providing an operational platform that can efficiently and cost-effectively launch and support ETF products.” 

SEI helped pioneer the series trust concept more than 30 years ago by introducing the Advisors’ Inner Circle Fund Trust (AIC) with an institutional-quality turnkey mutual fund operating platform. The AIC enables investment organizations to rapidly launch and grow mutual funds, exchange traded funds, and interval and tender offer funds without having to build their own fund operating infrastructure. The platform is designed for asset managers seeking a more cost-effective way to operate their existing funds.

1 Source: FUSE, Morningstar

About SEI®
SEI (NASDAQ:SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investment processing, operations, and asset management, SEI works with corporations, financial institutions and professionals, and ultra-high-net-worth families to help drive growth, make confident decisions, and protect futures. As of Dec. 31, 2023, SEI manages, advises, or administers approximately $1.4 trillion in assets. For more information, visit seic.com.

About SEI’s Investment Managers business
SEI’s Investment Managers business supplies investment organizations of all types with the advanced operating infrastructure they must have to evolve and compete in a landscape of escalating business challenges. SEI’s global operating platform provides investment managers and asset owners with customized and integrated capabilities across a wide range of investment vehicles, strategies, and jurisdictions. SEI’s services enable users to gain scale and efficiency, keep pace with marketplace demands, and run their businesses more strategically. SEI partners with more than 550 traditional and alternative asset managers, as well as sovereign wealth funds and family offices, including 48 of the top 100 asset managers worldwide.* For more information, visit seic.com/ims.

*Based on Pensions & Investments’ “Largest Money Managers” 2022 ranking.

SOURCE SEI Investments Company


Efficient Computer Emerges from Stealth to Introduce World’s Most Energy-Efficient General-Purpose Computer Chip

Company secures $16 million seed round to unveil a transformative processor architecture and usher in a new era of energy-efficient computing

PITTSBURGH, March 7, 2024Efficient Computer emerged from stealth today, introducing a new computer processor that is up to 100x more energy efficient than leading general-purpose CPUs on the market today. With a $16 million seed funding round led by Eclipse, Efficient has created a transformative computer architecture and software stack that delivers unprecedented levels of energy efficiency. The introduction of Efficient’s processor marks the beginning of a new era of general-purpose edge computing that frees a wide range of applications from restrictive energy limitations. The technology enables a quantum leap in device capabilities and battery lifetime, unleashing a wave of innovations in devices and applications across the Internet of Things, wearable and implantable health devices, space systems, and security and defense. 

Devices in these domains are increasingly doing more processing locally, creating a demand for more efficient on-device computing solutions. Shifting computation on-device can save large amounts of energy by avoiding expensive off-device communication to the cloud. Existing general-purpose processors are over-designed for generality, spending an overwhelming majority of their energy (>99%) on inessential internal data movement and instruction control overheads. Scaling performance requires complex, power-hungry optimizations that increase energy consumption further. The inefficiency of these designs rapidly kills the battery, limiting a device’s capability and requiring frequent battery recharges or replacements.

Efficient’s novel Fabric architecture is a unique approach to general-purpose computation that eliminates the extreme energy overheads of existing general-purpose computer architectures. Efficient’s new architecture enables dramatically more energy-efficient chips, bringing computing capabilities to use cases that were previously impossible due to the limited energy availability. For example, a smartwatch or health wearable could go weeks between charges and support more sophisticated sensor data analytics, or a remote-sensing satellite could provide high-fidelity data insights using the limited energy of a nanosatellite’s small battery.

“Energy consumption impacts nearly everything in modern computing, from where devices are located to the capabilities they offer and the scale of their deployment,” said Brandon Lucia, co-founder and CEO of Efficient Computer. “We are removing the energy barrier from computing at the edge, while giving developers the freedom and flexibility to quickly build devices and applications at scale. Efficient hardware and software will significantly reduce energy consumption for computing, creating entirely new categories of use cases.”

The Efficient processor architecture features three key benefits that set it apart from other computer chips, including:

  • Longer lifetime and expanded capabilities: Efficient’s Fabric makes computing orders-of-magnitude more efficient, which prolongs battery life and increases the computing capabilities of a device. This drives down operational expenses, enables larger fleet sizes, and reduces environmental impact (e.g., for battery disposal).
  • Developer friendly and future-proof: As a fully general-purpose programmable processor that supports mainstream, high-level programming languages, Efficient offers versatility across application domains and a seamless developer experience – enabling developers to concentrate on innovation, freeing them from the burden of learning cumbersome new languages and tools often associated with specialized hardware.
  • Computing at the edge: The Efficient processor avoids expensive off-device communication to the cloud, allowing for more efficient on-device computing solutions and enabling more computing capabilities at the edge. Low energy consumption technology in edge devices also avoids the need for costly and often unavailable communication to the cloud, further improving efficiency and data privacy.

“The technology community’s long-held secret of highly inefficient general-purpose processors has slowed innovation and limited applications, particularly at the edge,” said Greg Reichow, partner at Eclipse. “More than just closing this gap, the Efficient team is introducing an entirely new category of processor that is enabling organizations to reconsider what is possible. With its unmatched energy efficiency, the software-agnostic processor is capable of powering a variety of smart devices with additional capabilities designed to improve the user experience, data consumption, and overall serves as a catalyst for innovation moving forward.”

The Efficient processor saves energy across many domains, including machine learning-enabled extreme-edge machine vision, continuous audio intelligence, and versatile sensory and signals intelligence. It also enables developers to bring their own code, with support for mainstream embedded languages, to build rich intelligence applications that integrate AI/ML, signal processing, data analytics, and other general-purpose data processing computations. To learn more about Efficient’s transformative architecture, please visit https://efficient.computer/technology 

For those interested in joining Efficient’s early adopter program, please reach out to [email protected] for more information.

About Efficient Computer
Efficient has created a transformative computer architecture and software stack that delivers unprecedented levels of energy efficiency. Combining software with hardware, this novel processor technology is up to 100X more energy-efficient than leading general-purpose embedded processors. The Efficient processor is ideal for edge computing devices and applications across industries, including the Internet of Things, wearable and implantable health devices, space systems, and security and defense, where power restrictions have often limited both capabilities and value. Efficient is founded by a renowned team who have a wide range of expertise areas – from professors and PhDs at Carnegie Mellon University, to startup veterans. For more information about the company, please visit https://efficient.computer/.

About Eclipse
With over $4 billion in assets under management and a team of investors with deep operating expertise in technology, manufacturing, supply chain, logistics, healthcare, and consumer products, Eclipse is a leading U.S. venture capital firm. Its leadership team has the experience necessary to create and scale complex operations. Eclipse partners with exceptional companies that make physical industries more efficient, resilient, and profitable. For more information, visit www.eclipse.vc

SOURCE Efficient Computer


Video: TGH Ventures, the TGH Cancer Institute and Synapse Florida Announce the Winner of the TGH Innovation Challenge

The global competition called for new and innovative solutions to provide lifesaving care and reduce cancer mortality in rural areas.

TAMPA, Fla., March 7, 2024 — TGH Ventures, the corporate venture capital arm and innovation team at Tampa General Hospital (TGH) announced the winner of the first TGH Innovation Challenge on Wednesday, February 28 at Synapse Summit in Tampa, Florida.

After narrowing the field down to four finalists, Aayu + Box was named the winner. This monthly subscription service provides an array of diagnostic tools, multilingual information pamphlets and QR code referrals for early cancer screening detection and education. As the winner, Aayu + Box received a prize valued at $50,000 from Tampa General to support a potential partnership or pilot project in collaboration with TGH Ventures and the TGH Cancer Institute.

You can learn more about the TGH Innovation Challenge and Aayu + Box in this video.

The TGH Innovation Challenge received 75 applications from around the world submitted by established and start-up companies, academia, the medical community as well as individuals who have had their lives impacted by cancer.

ABOUT TAMPA GENERAL HOSPITAL
Tampa General Hospital, a 981-bed, not-for-profit, academic health system, is one of the largest hospitals in America and delivers world-class care as the region’s only center for Level l trauma and comprehensive burn care. Tampa General Hospital is the highest-ranked hospital in the market in U.S. News and World Report’s 2023-24 Best Hospitals, with six specialties ranking among the top 50 best hospital programs in the United States. Tampa General Hospital has been designated as a model of excellence by the 2022 Fortune/Merative 100 Top Hospitals list. The academic health system’s commitment to growing and developing its team members is recognized by two prestigious Forbes magazine rankings – in the top 100 nationally in the 2023 America’s Best Employers for Women and top 25 in Florida in the 2023 America’s Best Employers by State. Tampa General is the safety net hospital for the region, caring for everyone regardless of their ability to pay, and in fiscal year 2022, provided a net community benefit worth approximately $240.3 million in the form of health care for underinsured patients, community education, and financial support to community health organizations in Tampa Bay. It is one of the nation’s busiest adult solid organ transplant centers and is the primary teaching hospital for the USF Health Morsani College of Medicine. With six medical helicopters, Tampa General Hospital transports critically injured or ill patients from 23 surrounding counties to receive the advanced care they need. Tampa General houses a nationally accredited comprehensive stroke center, and its 32-bed Neuroscience, Intensive Care Unit is the largest on the West Coast of FloridaIt also is home to the Jennifer Leigh Muma 82-bed neonatal intensive care unit, and a nationally accredited rehabilitation center. Tampa General Hospital’s footprint includes TGH North which is comprised of three hospitals and several outpatient locations in Citrus and Hernando counties, 17 Tampa General Medical Group Primary Care offices, TGH Family Care Center Kennedy, TGH Outpatient Center, TGH Virtual Health, and 21 TGH Imaging outpatient radiology centers throughout Hillsborough, Pasco, Pinellas and Palm Beach counties. Tampa Bay area residents also receive world-class care from the TGH Urgent Care powered by Fast Track network of clinics. To see a medical care professional live anytime, anywhere on a smartphone, tablet or computer, visit Virtual Health | Tampa General Hospital (tgh.org).  As one of the largest hospitals in the country, Tampa General Hospital is the first in Florida to partner with GE Healthcare and open a clinical command center that provides real-time situational awareness to improve and better coordinate patient care at a lower cost. For more information, go to www.tgh.org.

Media Contact: Karen Barrera
Assistant Director of Communications and Partnerships
(813) 928-1603 (cell)
[email protected] 

SOURCE Tampa General Hospital


Good Trouble raises $1.8M to build next-gen Real-Time Strategy Game

Round led by Skycatcher, and includes renowned game investors Mitch Lasky and 1Up Ventures

SACRAMENTO, Calif. , March 7, 2024 — The new and fully-remote studio Good Trouble has emerged from stealth announcing a $1.8M funding round completed last year to build a groundbreaking next-gen Real-Time Strategy game. The investment round, led by Skycatcher, included renowned games investors Mitch Lasky and 1Up Ventures, founded by Ed Fries and Kelly Wallick.

Good Trouble founder Arman Nobari, a cancer survivor and experienced game developer, is joined by a world-class team of industry veterans from Disney, Panic, EA, and more. Nobari said that his team was building a strategy game that would feel “really fresh and exciting, without heavy micromanagement.” Good Trouble intends to develop its initial game with community feedback taken to heart, with consistent updates, cross-platform play, and more.

Arman explained, “It’s a game that really emphasizes clever strategy, unique base-building, and more ways to win, with extremely thoughtful UX that makes it easy to jump into. For years, a large portion of RTS players have been asking for a fresh take on the genre, and we’re thrilled to try and craft exactly what they’re looking for with a focus on genuinely captivating gameplay.”

“The Real-time strategy genre hasn’t seen disruption in years, but we think the talented team at Good Trouble can build a game here which can expand the genre and reach new players through the team’s groundbreaking accessible design and totally reimagined AI in gameplay. They’re building dynamic worlds where players can have exciting and engaging sessions without the heavy burden of millions of clicks, or overwhelming micromanagement,” said Sia Kamalie, founder of Skycatcher.

Kamalie continues: “The Shooter genre saw massive new player growth on the back of Battle Royale which enabled more win conditions for a wider audience of players; the real-time strategy genre hasn’t seen its Battle Royale moment yet. We believe Good Trouble has validated the foundation of an exciting high-potential vision early-on, so we’re excited to see the game come to life.”

Development continues on Good Trouble’s next-gen RTS project, with plans to reveal the game later this year. Follow the studio on social media and join the community to be the first to know about new updates.

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SOURCE Good Trouble Games Inc.