WasteXpert™’s Post

Submer just raised $55.5M to tackle one of AI’s biggest challenges: cooling data centers sustainably. Here’s why this could be a billion-dollar breakthrough 1. The Problem: As AI grows, data centers are consuming massive amounts of energy and water—traditional cooling methods can’t keep up. 2. The Solution: Submer’s immersion cooling tech, led by founders Pol Valls Soler and Daniel Pope, cuts energy and water usage, solving a huge bottleneck for scaling AI infrastructure sustainably. 3. The Opportunity: With backing from top investors, Submer is poised to scale globally and lead the way for greener, more efficient AI. Can Submer’s tech be the key to making AI growth sustainable? How much longer can data centers scale without it? Julie Escobar, Joe Panettieri, Yancen Lu, Kyla Scanlon, Everett Young Eli Wachs 👣, Frederic Charlier, Christian Ayuste, Laura Patricia Pérez Francis Alon Grinshpoon, Ken Rosen (he/him), Dani Dhanoa, Rupali Dogra, MBA Lauren Dunford, Riyad Muradov, Tom Lohner, Mariajose Satizabal Gallo #SustainableTech #AIRevolution #DataCenterCooling 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐟𝐫𝐨𝐦 𝐒𝐞𝐞𝐝 𝐭𝐨 𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 : 👉 https://lnkd.in/e8XyWxcQ

On this week’s Scale Newsletter Insight Round-up, we featured Battery Ventures piece on enterprise tech spending authored by Scott Goering, Danel Dayan, Evan Witte, Jason Mendel, Patrick Hsu!   The survey explores how tech spending trends are evolving: 💭 Tech spending is increasing signalling a renewed confidence in tech investments:  74% of companies expecting budget growth, up from 55% in Q1 2024. 💭 Despite excitement around AI, only 5.5% of identified AI use cases are in production, revealing a gap between optimism and reality 💭 Hiring trends show improvement, with just 27% of companies considering a hiring freeze, a decrease from 46% in Q1 2023. 💭 As expected, AI/ML is top of mind with 60% of enterprises planning to increase spending in this area Subscribe to SCALE here: https://lnkd.in/gbvQsAC7 ... and check out Battery's full survey report here: https://lnkd.in/ekbptGqr #Tech #Enterprise #Spending #Survey #Report #BatteryVentures

The awards recognize technological excellence in the south west region. The winners of the Tech Industry Alliance (TIA) 2024 Leaders Awards were announced last Friday (November 29). The awards recognize achievements across the technology sector in the south west of Ireland. The McCarthy family, the driving force behind fntech Fexco, received the Tech Person of the Year Award. Founded in 1981, payments and technology solutions company FX was the first to obtain a foreign exchange license as a non-bank in Ireland. It operates in more than 50 countries and employs more than 2,900 people worldwide. The Technology Startup of the Year Award went to Stingray Labs, which develops products to streamline and digitize legal and financial services. The Scale Up of the Year Award was presented to Green Rebel, an Irish company specializing in the delivery of data, analytics and consultancy to support offshore renewable energy projects. The company was founded in 2020 by Pearse Flynn. Speaking at the event, which was held at the Great Southern Hotel in Kilarne, Co Kerry, Gerry Murphy, chairman of TIA, said that the awards are only about recognizing success. “They are about to inspire the whole community to push boundaries, innovate and make a lasting impact. “Congratulations to all our winners and finalists – you are the driving force behind our region’s technological excellence.” Sean Ryan, a member of the TIA board, said the standard of entries this year was “a little bit exceptional”. “Each of our winners embodies the spirit of collaboration and ambition that defines the southwest tech ecosystem. “We are extremely proud to support their journey and look forward to seeing their continued success.” Other awards presented at the ceremony included: Environmental Sustainability Award: Astellas Pharma Ireland Multinational of the Year Award: Enercon Skillnet Technology Industry Alliance Best Learning Workplace Winner: Aspen Grove Smart Technology Innovation Award: BioAtlantis Diversity, Inclusion and Social Impact Award: NetApp Chair’s Award: Tír na nÓg Children’s Foundation Excellence in Education Award: Glenlee College Previous award winners include Andrew O’Shaughnessy, founder of Poppulo, for Technician of the Year, and Keelvar for Scaler of the Year. Don’t miss out on the information you need to succeed. Register for the Daily SummarySilicon Republic’s must-have sci-tech news summary. <a href="https://lnkd.in/gtFFtQkK">Source link </a>

The awards recognize technological excellence in the south west region. The winners of the Tech Industry Alliance (TIA) 2024 Leaders Awards were announced last Friday (November 29). The awards recognize achievements across the technology sector in the south west of Ireland. The McCarthy family, the driving force behind fntech Fexco, received the Tech Person of the Year Award. Founded in 1981, payments and technology solutions company FX was the first to obtain a foreign exchange license as a non-bank in Ireland. It operates in more than 50 countries and employs more than 2,900 people worldwide. The Technology Startup of the Year Award went to Stingray Labs, which develops products to streamline and digitize legal and financial services. The Scale Up of the Year Award was presented to Green Rebel, an Irish company specializing in the delivery of data, analytics and consultancy to support offshore renewable energy projects. The company was founded in 2020 by Pearse Flynn. Speaking at the event, which was held at the Great Southern Hotel in Kilarne, Co Kerry, Gerry Murphy, chairman of TIA, said that the awards are only about recognizing success. “They are about to inspire the whole community to push boundaries, innovate and make a lasting impact. “Congratulations to all our winners and finalists – you are the driving force behind our region’s technological excellence.” Sean Ryan, a member of the TIA board, said the standard of entries this year was “a little bit exceptional”. “Each of our winners embodies the spirit of collaboration and ambition that defines the southwest tech ecosystem. “We are extremely proud to support their journey and look forward to seeing their continued success.” Other awards presented at the ceremony included: Environmental Sustainability Award: Astellas Pharma Ireland Multinational of the Year Award: Enercon Skillnet Technology Industry Alliance Best Learning Workplace Winner: Aspen Grove Smart Technology Innovation Award: BioAtlantis Diversity, Inclusion and Social Impact Award: NetApp Chair’s Award: Tír na nÓg Children’s Foundation Excellence in Education Award: Glenlee College Previous award winners include Andrew O’Shaughnessy, founder of Poppulo, for Technician of the Year, and Keelvar for Scaler of the Year. Don’t miss out on the information you need to succeed. Register for the Daily SummarySilicon Republic’s must-have sci-tech news summary. <a href="https://lnkd.in/g7wJG3uX">Source link </a>

🌍 Transforming Critical Infrastructure with AI: Neara Raises $31M Series C Funding! 🚀 In a game-changing move for global infrastructure, Neara, a Sydney-based leader in AI-powered predictive modeling, has raised $31 million in Series C funding to revolutionize how critical infrastructure is managed worldwide. 🔑 Funding Details: 🔹Lead Investors: EQT Group 🔹Additional Investors: Partners Group, Square Peg Capital 🔹Support from Existing Backers: Skip Capital, Prosus Ventures What’s the Big Deal? Neara's AI platform empowers infrastructure owners to: 🔸Analyze complex networks in hours, not months. 🔸Simulate real-world scenarios to drive cost-effective, proactive decisions. 🔸Tackle routine operations, emergency responses, and major investments with precision and speed. The company is already making waves in the U.S. broadband sector, helping providers fast-track projects to connect underserved communities. 💡 Imagine cutting months of manual surveys into days of AI-driven analysis! 📊 The Bigger Picture: Neara’s breakthrough technology is paving the way for smarter, faster, and more resilient infrastructure globally. With this new funding, they’re set to accelerate operations and redefine industry standards. 📢 Your Turn! 💬 What are your thoughts on the future of AI in critical infrastructure? 🔄 Repost to amplify this game-changing news! 👥 Follow for more updates on tech funding and innovation! 📆 News Month: October, 2024 🔗 Source: FinSMEs

🌍 Welcome to the Future with Exogrey! 🌟 Today, we proudly introduce Exogrey, a visionary enterprise committed to redefining the boundaries of innovation, sustainability, and global excellence. Our mission is simple yet profound: To harness the power of advanced technologies—including robotics, AI, quantum computing, and micro atomic power plants—to transform industries and empower communities. Exogrey is spearheading initiatives that will make it a world-leading manufacturing hub. From Smart.Factories that deliver unparalleled efficiency to sustainable solutions that honor the environment, we are building a future where possibilities are limitless. 🚀 Our Core Pillars: • Innovation: Pioneering cutting-edge solutions for a smarter, more connected world. • Sustainability: Driving green technologies for a healthier planet. • Empowerment: Uplifting communities through education, job creation, and accessible technology. 🌟 Our Vision: To set the gold standard for industrial innovation and global manufacturing excellence. This is just the beginning. Together, we can redefine what’s possible and build a legacy that future generations will be proud of. Follow our journey, and let’s shape the future together. #Exogrey #Innovation #Sustainability #SmartFactories #GlobalExcellence

Milan-Based Avaneidi Secures €8 Million Series A to Advance Storage Tech and Data Security 🚀🔐 Avaneidi, an innovative Italian startup specializing in security enterprise storage systems, has announced an €8 million Series A funding round led by United Ventures. This investment underscores a shared commitment to advancing solid-state storage technologies, enhancing data security, and promoting a sustainable digital transition. Key Highlights: Funding: €8 million Series A round led by United Ventures. Focus Areas: Solid-state storage technologies, data security, sustainable digital transition. Avaneidi’s Innovations: Enterprise Solid State Drives (ESSDs): Utilize tailor-made chips and advanced algorithms for optimized performance and cyber security. Security by Design: A 360° multi-level approach ensuring high levels of cyber security, data protection, and reliability. Sustainability: Boosts performance while reducing energy consumption, aiding in clean energy and sustainable industry innovation. CEO Statement: “Our mission at Avaneidi is to pave the way for more secure, efficient, and sustainable data storage solutions,” said Dr. Rino Micheloni, CEO of Avaneidi. “This funding will keep us at the forefront of the market, enabling us to accelerate the development of our enterprise ESSDs and all-inclusive storage appliances.” Target Industries: Sensitive to Data Governance and Security: Finance, defense, automotive, healthcare, and AI applications. Industry Impact: Enhanced AI Technology: Avaneidi’s storage solutions empower industries to leverage AI safely and effectively. Sustainability Goals: Significant energy savings and increased operating efficiency in data centers. Investor Perspective: “United Ventures invests in technologies that have a tangible positive impact,” stated Massimiliano Magrini, managing partner at United Ventures. “Avaneidi’s vision and mission to enable organizations to make better and more sustainable storage decisions, focusing on governance and data security, align with our investment philosophy.” Company Background: Founder: Dr. Rino Micheloni, with over three decades of experience in the semiconductor industry. Team: Combines storage industry veterans with young engineers. Technology: Integration of innovative hardware, firmware, and a proprietary Operating System. Future Outlook: Avaneidi is poised to transform the enterprise storage landscape with its secure, efficient, and sustainable storage solutions, addressing key industry needs and driving the future of AI applications and data governance. #TechNews #StartupFunding #DataSecurity #SustainableTech #EnterpriseStorage #AI #SolidStateDrives #CleanEnergy #Innovation #UnitedVentures

Managing information in knowledge intensive organisations can become a daunting task. Partnering with a global #energy company we implemented a #GenerativeAI solution which integrates with their existing platforms, improves efficiency, and is easily scalable.

Managing information in knowledge intensive organisations can become a daunting task. Partnering with a global #energy company we implemented a #GenerativeAI solution which integrates with their existing platforms, improves efficiency, and is easily scalable.

Managing information in knowledge intensive organisations can become a daunting task. Partnering with a global #energy company we implemented a #GenerativeAI solution which integrates with their existing platforms, improves efficiency, and is easily scalable.