NEW YORK, April 22, 2023 — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Hesai Group (“Hesai” or the “Company”) (NASDAQ: HSAI) and reminds investors of the June 6, 2023 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you suffered losses exceeding $100,000 pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with Hesai Group’s initial public offering conducted on or about February 9, 2023 (the “IPO” or “Offering”) and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/HSAI.

There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.

According to the lawsuit, the Registration Statement contained false and/or misleading statements and/or failed to disclose that: (1) Hesai Group’s gross margin decrease was caused by a lower in-house utilization rate; (2) Hesai Group’s gross margin was 30% for the fourth quarter—which was completed over a month before the date of the amended registration statement; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times and negligently prepared. When the true details entered the market, the lawsuit claims that investors suffered damages.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Hesai’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE Faruqi & Faruqi, LLP

NEW YORK, April 22, 2023 — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Coinbase Global, Inc. (“Coinbase” or the “Company”) (NASDAQ: COIN).

If you suffered losses exceeding $50,000 investing in Coinbase stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/COIN.

There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.

On March 22, 2023, Coinbase said in a regulatory filing that it received a Wells notice from the Securities and Exchange Commission (“SEC”) stating that SEC staff had made a “preliminary determination” to recommend an enforcement action against the largest U.S. crypto exchange for violations of federal securities laws.

On this news, shares of Coinbase common stock dropped $6.85 per share, or over 8%, to close at $77.14 per share on March 22, 2023.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE Faruqi & Faruqi, LLP

NEW YORK, April 22, 2023 — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Ascendis Pharma (“Ascendis” or the “Company”) (NASDAQ: ASND).

If you suffered losses exceeding $50,000 investing in Ascendis stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/ASND.

There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.

On April 3, 2023, before market hours, Ascendis announced that the “U.S. Food & Drug Administration (“FDA”) has notified the Company that, as part of their ongoing review, the FDA has identified deficiencies in the Company’s New Drug Application (“NDA”) for TransCon PTH (palopegteriparatide) in hypoparathyroidism that at this time precludes them from holding further discussions about labeling and post-marketing requirements/commitments. The deficiencies were not disclosed in the letter.”

On this news, the price of Ascendis’ American Depository Shares (“ADSs”) fell as much as 34.71% in intraday trading to open at $67.12 on April 3, 2023.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE Faruqi & Faruqi, LLP

NEW YORK, April 22, 2023 — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Allbirds, Inc (“Allbirds” or the “Company”) (NASDAQ: BIRD) and reminds investors of the June 12, 2023  deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you suffered losses exceeding $100,000 investing in Allbirds stock or options between a) Allbirds, Inc. Class A common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s November 2021 initial public offering; and/or (b) Allbirds securities between November 4, 2021 and March 9, 2023, inclusive (the “Class Period”) and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/BIRD.

There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.

As detailed below, the lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that Allbirds was overemphasizing products that extended beyond the Company’s core offerings; (2) that the Company’s non-core products had a narrower appeal and were not resonating with customers as well as the Company’s core products; (3) that Allbirds was underinvesting in its core consumers’ favorite products to push the Company’s newer products with narrower appeal; (4) that underinvesting in Allbirds’ core products was negatively impacting the Company’s sales; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

In November 2021, Allbirds conducted its IPO, selling approximately 16,850,799 shares of Class A common stock at $15.00 per share.

On March 9, 2023, after the market closed, the Company issued a press release announcing a fourth quarter 2022 net loss of $24.9 million and a full year 2022 net loss of $101.4 million. The Company also announced a full year 2022 adjusted EBITDA loss of $60.4 million, which was higher than the guidance target that estimated an adjusted EBITDA loss of $42.5 million to $37.5 million. Allbirds also disclosed in the press release that, in response to these negative results, it created a “strategic transformation plan to reignite growth, improve costs and capital efficiency, and drive profitability.” The plan purportedly focused on four areas: reigniting product and brand, optimizing U.S. stores and slowing the pace of openings, evaluating transition of international go-to-market strategy, and improving cost savings and capital efficiency.

Also on March 9, 2023, after the market closed, Allbirds announced that its Chief Financial Officer was stepping down.

The same day, March 9, 2023, the Company held a conference call with analysts to discuss its fourth quarter 2022 results. On the call, Defendant Joseph Zwillinger, the Company’s Co-CEO, explained that Allbirds’ poor results were driven in part by the fact that Allbirds “overemphasized products that extended beyond our core DNA.” As a result, he explained, “some products and colors have had narrower appeal than expected” and “[b]ecause we were spending significant time and resources on these new products that did not resonate well, we underinvested in our core consumers’ favorite products.”

On this news, the Company’s stock price fell $1.11, or 47%, to close at $1.25 per share on March 10, 2023, thereby injuring investors.

By the commencement of this action, the Company’s stock price had closed as low as $1.06 per share, a 92.9% decline from the Company’s $15.00 per share IPO price.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. 

Faruqi & Faruqi, LLP also encourages anyone with information regarding Allbird’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE Faruqi & Faruqi, LLP

CANCUN, Mexico, 22 de abril de 2023 — Ventura Park, el único parque acuático en Cancún y miembro de la familia The Dolphin Company, operador de parques de presencia mundial, anunció que será sede de 10,000 Sonrisas, un conocido evento con causa que en esta 7a edición recaudará juguetes nuevos para donar a tres diferentes fundaciones, con motivo del Día del Niño y la Niña.

Hasta antes de la pandemia, The Dolphin Company había realizado 6 exitosas ediciones de 10,000 Sonrisas a través de su Fundación Dolphin Discovery I.A.P. en varios parques y hábitats de su familia, que en conjunto apoyaron a diversas fundaciones de niños y niñas en temas de salud y educación. Durante esta 7ª edición, todas las personas que quieran visitar el parque, podrán hacerlo el 1° de mayo con el Pase Fun que incluye los mundos Ventura Park, como Wet’n Wild, Aaah Ventura, Fun World y un box lunch, a un precio preferencial de $150.00 MXN al entregar un juguete con un valor desde $150.00 MXN. Las personas que deseen participar, podrán hacer su reservación al teléfono 998 849 4748, el cupo es limitado.

Los juguetes recaudados durante esta edición, serán donados a Huellas de Pan, una fundación que cuenta con un centro de alimentación para niños, niñas y adolescentes, a Torontos FC Club, un grupo deportivo que fomenta el ejercicio, y a la Fundación Casita Corazón I.A.P., que brinda servicios de rehabilitación integral a niñas y niños con discapacidad en la Zona Maya de Quintana Roo.

“Estamos muy contentos de retomar este importante y bonito evento que es 10,000 Sonrisas. Sin duda, el Día del Niño y la Niña es el pretexto perfecto para realizar esta actividad que traerá alegría en la infancia de quienes recibirán los juguetes que recolectaremos. A través de nuestras acciones, siempre procuramos contribuir positivamente a las comunidades en las que nos desarrollamos; estamos muy agradecidos con nuestros asociados y asociadas que nos ayudan a hacer esto posible y que realmente se involucran en el cumplimiento de los sueños de estos niños y niñas”, comentó la Mtra. Guadalupe Jiménez, Directora de Valor Humano de The Dolphin Company.

Además de Ventura Park, The Dolphin Company replicará esta acción en su parque Selva Mágica ubicado en Guadalajara, el cual donará los juguetes recolectados a la Casa Hogar Escalar A.C., al albergue Mi Último Deseo A.C. (MUDAC) y a la Casa Hogar Amigos del Niño Madre Felicitas A.C. Así mismo, Aquaventuras Park, en Nuevo Vallarta, también formará parte de esta edición y apoyará con lo recaudado a la Fundación Corazón de Niña, a la Casa Hogar Máximo Cornejo Quiroz A.C., y a Pasitos de Luz A.C.

Acerca de Ventura Park
Ventura Park es el único parque acuático con vista al mar caribe y desde hace más de 26 años ofrece actividades divertidas para toda la familia. Sus visitantes podrán disfrutar de las diferentes entradas a Ventura Park Cancún con albercas y toboganes, tirolesas, Go-Karts, montaña rusa, realidad virtual y más de 15 atracciones diferentes en los 5 mundos temáticos que ofrece para refrescarse y divertirse. Orgullosamente, forma parte de la familia The Dolphin Company, operador de parques con presencia mundial. Para más información visite https://www.venturapark.com/ y www.thedolphinco.com

Acerca de The Dolphin Company
Por más de 28 años, The Dolphin Company, operador de parques de presencia mundial, ha brindado ‘La experiencia de su vida’ a más de 21 millones de visitantes en sus 32 parques, hábitats de delfines y marinas, alrededor del mundo. Con presencia en México, el Caribe, Estados Unidos, Argentina e Italia, The Dolphin Company ofrece actividades emocionantes que brindan experiencias únicas y memorables, al mismo tiempo que sensibilizan a sus visitantes acerca de la importancia del bienestar animal, la preservación y cuidado del medio ambiente. Para más información visite www.thedolphinco.com

Foto – https://mma.prnewswire.com/media/2060625/parque_acuatico_en_cancun.jpg

FUENTE The Dolphin Company

SOURCE The Dolphin Company

Statements by Dr. Elizabeth E. Hood, Founder and Director of Research and Development and Karen B. Wilson, Co-Founder and Director of Corporate Development, GreenLab, Inc.

JONESBORO, Ark., April 21, 2023 — GreenLab, Inc. “The theme for Earth Day 2023 is ‘Invest in the earth.’ As a scientist, mother, wife, and plant biotech startup founder, I believe this represents a real opportunity to dig deeper for solutions that truly green industry and get beyond the corporate cliches and rhetoric associated with this annual event. 

Throughout my life, I’ve always cared about the environment, even undertaking organic gardening to grow healthier foods for my family. It was around then that I learned about the crisis in farming where important plant traits were threatened in many of the crops producing our food. This undoubtedly influenced my choice to obtain my PhD from Washington University in St. Louis and become a plant biologist. 

Since then, I’ve collaborated with scientists in multiple nations to help solve this problem via biotechnology, growing more food safely on less farmland with fewer inputs and energy than ever before. The technology was genetic engineering – rejected by a few but embraced by farmers all over the world. 

Fast forward to today, and the team we’ve assembled at GreenLab now uses the next generation of plant biotech in corn to sustainably produce new proteins and enzymes at scale with applications which literally are ‘greening industry.’ The outcomes created by these innovative proteins do more than fuel hope; they quantifiably move us toward a better, cleaner future. 

I believe it’s imperative for the business sector and society at large to not just embrace the promise of apolitical, evidence-based ESG standards, but capitalize on it. The companies who partner with GreenLab will benefit by making meaningful progress achieving their own ESG objectives. Together, our collaboration can ultimately be a quantum leap for the eco revolution that inspired Earth Day over 50 years ago, seeking balance and meeting people where they are.”

– Dr. Elizabeth E. Hood, Founder, Director of Research and Development, GreenLab, Inc. 

“After decades in Silicon Valley, I came home to Arkansas and met my friend Dr. Elizabeth ‘Beth’ Hood, battling as a female scientist and startup founder to bring groundbreaking biotechnology to market. At the time, her ideas about ‘the greening of industry’ got the attention of some heavy hitters in the biotech industry, which made me even more excited to help make this happen. 

In the United States, in 2022, according to Springboard Enterprises, a leading platform supporting women entrepreneurs, only 2% of all venture capital goes to female founded companies. As one of the earlier female founders to successfully raise VC, it was one of the hardest things to do, but also the most important. There is a renaissance of female founded biotech companies right now and a market that demands novel proteins across every major vertical we know- energy, pharma, industrial use, nutraceutical, food, and environmental. The challenge could not be more clear. We should prioritize investment in biotech companies and meet these challenges, especially when they were founded by female entrepreneurs. 

Earth Day’s ‘Invest in the earth’ message could hardly be more well-timed, as biotechnology represents one of the largest impactful investment opportunities ever. GreenLab’s biotech platform will advance current challenges for partner companies looking to elevate ESG standards and solve sustainability issues by investing in the earth through biotechnology.”

–Karen B. Wilson, Co-Founder and Director of Corporate Development, GreenLab, Inc. 

About Elizabeth E. Hood, PhD 

Over forty years of experience in biology. Emeritus Distinguished Professor of Agriculture at Arkansas State University. Runs an active research lab for GreenLab, Inc., in plant-based protein production and applications. Dr. Hood is internationally recognized for her research program and associated experience as evidenced by over 75 publications and patents, as well as invitations to speak around the world. 

About Karen B. Wilson 

Karen has founded multiple startups and served in senior executive roles at Fortune 500 companies generating over $300 million in strategic partnerships and alliances. As a startup founder in Silicon Valley, she successfully raised $50 million in private equity from seed financing through series C. Prior to that, Karen was a member of the inaugural class of female founders at world-renowned Springboard Enterprises. 

About GreenLab, Inc. 

GreenLab is a biotech startup on a mission to green industry with next-generation plant biotechnology. GreenLab’s biotech platform transforms a cornfield into the factory of the future, open today. We deliver on biotech’s promise of novel protein and enzyme production with end-to-end sustainability, and unlimited scalability. 

Contact: Cordell Jeffries (314) 669-5510 [email protected]

SOURCE GreenLab

Isabella Teng and Varsha Raghavan Will Use the $100,000 O’Shaughnessy Fellowship Grant to Build Rue, an AI-Powered Next-Generation Video-Production Platform. 

GREENWICH, Conn., April 21, 2023 — O’Shaughnessy Ventures LLC (“OSV”), an investment firm that empowers creators, has announced that it has awarded an O’Shaughnessy Fellowship to Isabella Teng and Varsha Raghavan. 

Teng and Raghavan will use their $100,000 fellowship grant to build Rue, an AI-powered next-generation video-production platform. Rue’s tools eliminate process redundancies and drive creative visions, helping video projects get off the ground faster. 

OSV’s founder and CEO, Jim O’Shaughnessy, commented as follows:

“By harnessing the opportunities unlocked by the AI revolution and aiming to democratize the video-creation process so more creators have access to the tools they need, Isabella and Varsha’s Rue platform could not be more aligned with OSV’s mission to help creators unleash their infinite potential. We’re excited to support them however we can over the coming months.” 

Teng said, “We both know how important it is to express ideas, thoughts, and concepts creatively through media. Building Rue will democratize the video-creation process so anyone can share their stories. The O’Shaughnessy Fellowship is helping us march toward our first product launch. We are so excited to work with a team that supports creators worldwide.”

About Teng and Raghavan

Teng grew up in the Bay Area before studying and completing a B.S. in computer science at Yale. At Yale, she attended hackathons, programmed various mobile and web apps, TA-‘ed CS courses and conducted bioinformatics research. 

Teng has previously spent a month in Tel Aviv completing a data science fellowship and four months in Berlin working at an AI fintech startup. Before co-founding Rue, Teng was a fintech product manager working on real-time fraud detection models. She is also a photographer and painter. 

More information about Teng is available on her website and LinkedIn page.

Raghavan has a keen interest in new technology and its sociological ramifications. As a high school student, she would spend days and nights fabricating hunks of metal into a 120-lb robot. She graduated with a B.S. in computer science from Yale, where she organized conferences on the ethics of AI and founded a licensed open-source web app called PPETrackr. 

Before co-founding Rue, Raghavan was a machine learning engineer at a drug-discovery startup. She used machine learning to identify novel gene therapies for oncology and published a paper on this work at the International Conference for Learning Representations. She is also a videographer and wildlife photographer. 

More information about Raghavan can be found on her LinkedIn page. 

About the Fellowship Program

OSV launched the Fellowship Program in 2023. It is a one-year program for ambitious people who want to build something great. Fellows receive a $100,000 grant and access to OSV’s network of founders, investors and experts to support them in bringing their projects to life. 

OSV has awarded six Fellowships to date and will award twelve in total. Applications for the Fellowships remain open through April 2023. Creators interested in applying can do so via OSV’s website.

About O’Shaughnessy Ventures

OSV is a creative investment firm that empowers and inspires creators to bring their ideas to life. Founded by Jim O’Shaughnessy, a pioneer in quantitative investing, founder of O’Shaughnessy Asset Management, and author of four books on investing, OSV aims to provide financial support and to partner in growing the next life-changing creative ideas. 

OSV combines Jim’s deeply rooted interest in all things art, science, investing, and tech with his long-held desire to establish scenarios designed to help promising creators and their inspiring ideas succeed, regardless of age, location, job history, or level of education. For more information, visit https://www.osv.llc/.

Media Contact:
Ena Gong
O’Shaughnessy Ventures LLC
(917) 355-7420
[email protected]

SOURCE O’Shaughnessy Ventures, LLC

Company’s open source vector database and new cloud service are essential to rapidly growing AI application development market

AMSTERDAM, April 21, 2023 — Weaviate.io, developer of the AI-native Weaviate vector database, today announced a $50M round of funding led by Index Ventures with participation from Battery Ventures. Weaviate’s existing investors, including NEA, Cortical Ventures, Zetta Venture Partners, and ING Ventures also joined this round. The capital will be used to expand the Weaviate team and accelerate the development of its popular open source database and new Weaviate Cloud Service to satisfy the rapidly growing AI application development market.

AI Innovation is Fueled by Algorithmic “Vector Data”
Global spending on artificial intelligence (AI) technology and services is expected to reach $154 billion in 2023 and surpass $300 billion in 2026 (source: IDC). This massive wave of application development will be powered by a new type of data, embedding vectors, which are AI-generated representations of documents, images, customers, products, and other objects. The Weaviate AI-native vector database is essential to the growth of AI applications, including generative AI. It is used by developers who need to generate, store, share, and search millions or even billions of vectors, very often in real-time.

“The Weaviate vector database is used as core infrastructure in the emerging AI-native ecosystem,” said Weaviate CEO and co-founder, Bob van Luijt “It allows users, from startups to enterprises, to create a new wave of applications ranging from custom-made search and recommendation systems to ChatGPT plugins.”

Simpler AI Development, millions of downloads, and new Cloud Services
The Weaviate database simplifies vector data management for AI developers. An essential AI-native infrastructure component, it solves the hard problem of generating, storing, and searching embedding vectors and their corresponding objects. AI-native vector database capabilities include:

Extensible, built-in machine learning (ML) modules –  Just load and search; Weaviate does the ML heavy lifting – any data type, any model, any use case.
Richer vector search – Supports a variety of ML searches with the added benefit of being able to search vectors AND the source objects from which the vectors were generated.
High performance – Sub-second search, scales to billions of objects, runs non-stop.

Since raising its series A funding in early 2022, Weaviate has seen open source downloads pass the 2 million mark. Weaviate has also launched a new Weaviate Cloud Service, which gives developers the full power of the Weaviate database without any of the operational overhead. The Weaviate Cloud Service is available immediately and can be used for free for 14 days.

“Weaviate’s vector database and search engine provides a critical piece of infrastructure that’s helping to drive a massive AI platform shift,” says Index Ventures partner Erin Price-Wright. “The pace of adoption across enterprises and AI-native startups alike developing multimodal search, recommendation, and generative applications with Weaviate is incredible. This is the best-in-class product for developers building with AI and we are thrilled to be partnering with them to help drive the next phase of growth.”

In February, the company introduced generative search support to make it easier for developers to meaningfully harness the power of large language models (LLM) like GPT-4 and their human-like ability to seemingly understand and respond to queries in natural language.

“With every major data-platform shift, we’ve seen the emergence of a new, underlying technology – and the explosion of generative AI is no different,” said Dharmesh Thakker, a general partner at Battery Ventures. “Just as Elastic and MongoDB helped companies leverage non-tabular data, we believe Weaviate is poised to lead the revolution of vector databases, giving organizations critical tools to store, index and retrieve unstructured data through vector embeddings. We could not be more excited to partner with the Weaviate team and help the company refine its go-to-market program, particularly in the U.S.”

For more information visit weaviate.io or join the Weaviate community forum on Slack. Weaviate is hiring–openings can be found on the Weaviate careers page. 

About Weaviate
Weaviate is the developer of the popular Weaviate open source vector database. AI innovation is fueled by machine learning-generated embedding vectors data, which makes the Weaviate vector database an essential part of the AI-native infrastructure. The company was founded in 2019 and is funded by Index Ventures, Battery Ventures, NEA, Cortical Ventures, Zetta Venture Partners, and ING Ventures. Weaviate is headquartered in Amsterdam with offices in the U.S. and Australia.

Photo – https://mma.prnewswire.com/media/2059447/Weaviate_Co_Founders.jpg

SOURCE Weaviate

BOSTON and NASHVILLE, Tenn. and RALEIGH, N.C. and DURHAM, N.C., April 20, 2023 — After several months of foundational activities, Dental Innovation Alliance (DIA) has made inaugural investments in UptimeHealth and Relu, both early-stage dental technology companies.

UptimeHealth simplifies dental equipment maintenance, repair, and purchase events through automation and predictive analytics. The easy-to-use software will keep track of equipment, create and assign maintenance tasks to staff, and dispatch service technicians with a click of a button. The data gathered within the system sends reports to leadership, including dashboards for compliance adherence and lists identifying problematic equipment that are ripe for replacement.

“DIA is attracted to UptimeHealth’s compliance management tracking and equipment solutions. We see potential for the company to grow beyond dental into other healthcare sectors,” says Doug Brown, DIA Managing Partner.

“We value everything that DIA and their member base will bring to the table for UptimeHealth. Their deep industry knowledge, connections, and expertise will help us continue to build products that support the future of dental equipment management,” says Jinesh Patel, CEO and Co-Founder of UptimeHealth.

Relu provides a platform-agnostic approach to automatically segment 3D medical images in the dental and maxillofacial market. Its technology helps address the requirements of technology and medical device companies to provide enhanced surgical navigation and treatment planning solutions.

“We’re excited about Relu’s vision and its application of AI to surgery. Their advances in artificial intelligence applied to 3D images have broad applications within the dental industry and provide numerous angles to develop new products and customers,” says Thomas Sharpe, DIA Managing Partner.

“Teaming up with DIA is a dream come true. From day one, their deep industry knowledge and outstanding network have provided added value to Relu. They are closely following new technologies in dentistry, and we are grateful to receive their funding and support. It strengthens Relu in our vision to build a future with better, faster, and safer dental treatments thanks to the help of AI,” shares Holger Willems, Co-Founder & CEO of Relu.

DIA is the first firm of its kind that funds, advises, and propels the success of early-stage dental technology companies through its leadership team, which has a combined 200 years of dental industry experience. Many of the country’s most successful dental leaders are DIA investors, with connections to over 5,300 dental offices. DIA seeks to become the preeminent resource for fostering innovation and collaboration in the dental and health sectors.

About Dental Innovation Alliance
https://www.dialliance.com
Dental Innovation Alliance (DIA) is a collection of dental industry executives that funds, advises and propels the success of early-stage companies building the future of dentistry through technology. Its investor base includes executives and experts from some of the largest and most innovative dental support organizations and other dental businesses. DIA has offices in Boston, Nashville, and Raleigh-Durham.

About UptimeHealth
www.uptimehealth.com
UptimeHealth, headquartered in Boston, provides healthcare administrators and operators with simple-to-use software to manage compliance tasks, increase operational efficiencies, and tap into a large network of qualified biomed technicians to support their medical devices. UptimeHealth products were developed to support the movement of healthcare to in-home and outpatient settings.

About Relu
https://relu.eu/
Founded in 2019, Relu has grown to a 15-person team with the vision to make all dental treatments better, safer, and faster by empowering existing dental treatment workflows with AI. Relu collaborates with major dental software companies in the EU, US, and Asia to make these technologies accessible to dentists. Relu is located in Leuven, Belgium, near the EU’s capital, Brussels.

SOURCE Dental Innovation Alliance (DIA)