Speed of light

Telesat and Government of Canada Agree to Terms on C$2.14 Billion Loan in Support of Telesat Lightspeed

Retrieved on: 
Monday, April 1, 2024
LEO, Government, Letter, Documentation, Growth, Speed of light, Goldberg, History, TSAT, TSX, Interest, Communications satellite

The letter states that, following several months of negotiations between Telesat and federal officials, the Government of Canada (GoC) is prepared to invest C$2.14 billion in Telesat Lightspeed by way of a loan to Telesat LEO Inc., a wholly owned subsidiary of Telesat, that is developing and will own and operate the highly advanced Telesat Lightspeed Low Earth Orbit (LEO) global broadband satellite constellation.

Key Points: 
  • The letter states that, following several months of negotiations between Telesat and federal officials, the Government of Canada (GoC) is prepared to invest C$2.14 billion in Telesat Lightspeed by way of a loan to Telesat LEO Inc., a wholly owned subsidiary of Telesat, that is developing and will own and operate the highly advanced Telesat Lightspeed Low Earth Orbit (LEO) global broadband satellite constellation.
  • The loan will carry a floating interest rate that is 4.75% above the Canadian Overnight Repo Rate Average (CORRA) with a 15-year maturity.
  • Interest is payable in-kind during the Telesat Lightspeed construction period, followed by a 10-year sculpted amortization.
  • Furthermore, Telesat LEO Inc. will provide the GoC with warrants for 10% of the common shares of Telesat LEO based upon an equity valuation for Telesat LEO of US$3 billion.

Telesat Reports Results for the Quarter and Twelve Months Ended December 31, 2023

Retrieved on: 
Thursday, March 28, 2024
LEO, DTH, FCC, Annual report, Government, Falcon 9, Growth, System, Speed of light, International, International Financial Reporting Standards, Webcast, Sale, TSAT, Public expenditure, Insurance, TSX, Hertz, Ecosystem, SpaceX, DARPA, Communications satellite

We also expect meaningful increases in operating and capital expenditures as we accelerate the development of Telesat Lightspeed.

Key Points: 
  • We also expect meaningful increases in operating and capital expenditures as we accelerate the development of Telesat Lightspeed.
  • For the quarter ended December 31, 2023, Telesat reported consolidated revenue of $166 million, a decrease of 20% ($41 million) compared to the same period in 2022.
  • An amount of $344.9 million (US$259.6 million) was recognized during the three months ended June 30, 2023, and was recorded under other operating gains (losses), net and the payment was received in the three months ended September 30, 2023.
  • ET to discuss its financial results for the three months and one year periods ended December 31, 2023.

Springbig Launches New Integration with Lightspeed to Expand Reach Across Cannabis and Beyond

Retrieved on: 
Tuesday, March 19, 2024
Health, POS, Software as a service, Growth, Speed of light, Beauty, Integration, Cannabis, TSX, OTCQX, BOCA, Marketing, SBIG, Retail

The Integration with Lightspeed marks a significant milestone in Springbig’s journey, expanding its services beyond the cannabis industry and enabling retailers to enhance customer engagement and loyalty across various sectors.

Key Points: 
  • The Integration with Lightspeed marks a significant milestone in Springbig’s journey, expanding its services beyond the cannabis industry and enabling retailers to enhance customer engagement and loyalty across various sectors.
  • “Our integration with Lightspeed is yet another testament to Springbig's ongoing commitment to work seamlessly with other SaaS solutions that are empowering retailers and brands to move the needle,” said Jeffrey Harris, CEO of Springbig.
  • Springbig’s integration with Lightspeed includes a 2-way integration for loyalty and advanced text functions to better connect Lightspeed merchants with their customers in an automated fashion.
  • Springbig is paving the way for flexible marketing integrations across the cannabis industry and is now bringing its expertise into other competitive, regulated industries.

Foundry Raises $80 Million in Seed and Series A Funding to Build a New Breed of Public Cloud

Retrieved on: 
Thursday, March 21, 2024
Internet, Data Management, Technology, Artificial Intelligence, Software, Deep learning, Computational biology, GPU, LG, Speed of light, MIT, Databricks, Pear VC, AI, Stanford University, Conviction, Civilization, M12 (venture capital), Lightspeed Venture Partners, Ecosystem, NEA, KKR, Economics, Sequoia Capital

Today, Foundry , a new breed of public cloud for AI/ML workloads, announced $80M in seed and Series A funding to orchestrate the world’s compute capacity, rendering it universally accessible and useful.

Key Points: 
  • Today, Foundry , a new breed of public cloud for AI/ML workloads, announced $80M in seed and Series A funding to orchestrate the world’s compute capacity, rendering it universally accessible and useful.
  • Foundry is building to ensure humanity maximizes the utility of the computing power we already have, and will produce.
  • Foundry’s innovative methods are solving these issues by providing scalable GPU instances with unmatched price-performance ratios.
  • If you are interested in becoming a customer or partner, or joining the team, please visit the company’s website .

Pocket FM Raises $103 Million in Series D Funding

Retrieved on: 
Wednesday, March 20, 2024
Media, Entertainment, Professional Services, Podcast, Apps, Applications, Technology, General Entertainment, Audio, Video, Communications, Content Marketing, Finance, Consulting, StepStone Group, Automation, Pocket, LATAM, IOS, IP, Speed of light, Quarter, Entrepreneurship, Android, Pocket FM

Pocket FM , a leading audio entertainment platform pioneering the audio series category, today announced that it has raised $103 million in Series D funding.

Key Points: 
  • Pocket FM , a leading audio entertainment platform pioneering the audio series category, today announced that it has raised $103 million in Series D funding.
  • This latest round brings Pocket FM’s total funding to date to $196.5 million.
  • Since launching in 2018, Pocket FM has been driving serialized audio storytelling, and has established itself as the leader in personalized audio entertainment.
  • Establishing itself as a leader in the entertainment space, Pocket FM has built the largest repository of exclusive audio series.

Big Sur AI raises $6.9M and launches an AI Sales Agent for E-commerce Merchants

Retrieved on: 
Wednesday, March 13, 2024
Online Retail, Retail, Technology, Software, Electronic Commerce, Artificial Intelligence, Speed of light, Entrepreneurship, Noise, Environment, CFO, Shopify, Meta, Google Shopping, AI, Android, Advertising, Lightspeed Venture Partners, CMO, Marketing, Online shopping

Today, Big Sur AI , an AI platform for e-commerce, announced a $6.9M seed round to democratize and simplify access to AI for retailers and brands.

Key Points: 
  • Today, Big Sur AI , an AI platform for e-commerce, announced a $6.9M seed round to democratize and simplify access to AI for retailers and brands.
  • Retail will be one of the biggest beneficiaries of AI transformation1 and Big Sur AI is dedicated to ensuring every merchant can easily tap into these benefits.
  • Big Sur AI is making that kind of customer relationship automatic.”
    The company’s AI Sales Agent, which is tailored for each merchant, is aimed at boosting merchants' sales through higher conversion rates and larger order sizes, while enabling shoppers to make well-informed purchase decisions effortlessly.
  • They saw firsthand the enormous opportunity to redefine the merchant and shopper experience for the AI era and started Big Sur AI to ensure that these advancements benefit all merchants.

LIGHTSPEED STUDIOS Showcases Innovations in Game Development at GDC 2024

Retrieved on: 
Monday, March 18, 2024
Sentinel, The Game Awards, GDC, Conference, Growth, AAA, Speed of light, Video game

SAN FRANCISCO, March 18, 2024  /PRNewswire/ -- Today, LIGHTSPEED STUDIOS, a leading global game developer, announced plans to host multiple sessions demonstrating the studio's leadership in game development at the 2024 Game Developers Conference (GDC). Among these sessions, Steve C. Martin, Vice President, LIGHTSPEED STUDIOS will share insights into the creation of the new AAA development studio, Lightspeed LA, and the development of its debut title, Last Sentinel.

Key Points: 
  • LIGHTSPEED STUDIOS outlines its commitment to pushing the boundaries of game development, sharing insights into development of new AAA title, Last Sentinel
    SAN FRANCISCO, March 18, 2024 /PRNewswire/ -- Today, LIGHTSPEED STUDIOS, a leading global game developer, announced plans to host multiple sessions demonstrating the studio's leadership in game development at the 2024 Game Developers Conference (GDC).
  • Among these sessions, Steve C. Martin, Vice President, LIGHTSPEED STUDIOS will share insights into the creation of the new AAA development studio, Lightspeed LA, and the development of its debut title, Last Sentinel.
  • LIGHTSPEED STUDIOS will host sessions highlighting the studio's commitment to innovating at the forefront of AAA game development and fostering global collaboration, including:
    "At LIGHTSPEED STUDIOS, we're committed to building the future of gaming and crafting next-generation experiences by developing boundary pushing technologies and fostering a collaborative global team," said Jerry Chen, president of LIGHTSPEED STUDIOS.
  • In December 2023, LIGHTSPEED STUDIOS announced Last Sentinel at The Game Awards, developed by Lightspeed LA, a flagship studio under LIGHTSPEED STUDIOS.

SphereX Celebrates Its Grand Launch with Dual-Track Event: Warp Drive and Lightspeed Tracks Offer Exclusive Atlas Collections NFT Airdrops

Retrieved on: 
Monday, March 4, 2024
SXT, SPHEREx, NFT, Speed of light, Warp Drive, Atlas, BMX, TVL, Cryptocurrency

The event, consisting of Warp Drive and Lightspeed tracks, aims to reward active Blast and BMX users while fostering community engagement and further boosting Blast's Total Value Locked (TVL).

Key Points: 
  • The event, consisting of Warp Drive and Lightspeed tracks, aims to reward active Blast and BMX users while fostering community engagement and further boosting Blast's Total Value Locked (TVL).
  • Until March 18, 2024, the campaign offers participants equitable opportunities to receive SphereX’s “Atlas Collections” NFT Airdrops through Warp Drive and Lightspeed track.
  • "We are thrilled to introduce the Atlas Collections NFT as a symbol of our appreciation for our early users," said Kaimin Hu, CEO of SphereX.
  • Of these, 8,000 will be distributed through the Warp Drive track, while 2,000 will be airdropped via the Lightspeed track.

Lightspeed Named One of Montréal’s Top Employers for 2024

Retrieved on: 
Thursday, February 29, 2024
Policy, TSX, Speed of light, Culture, Growth, Health, Organization, POS, Greater

Montreal, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Lightspeed Commerce Inc. (NYSE | TSX: LSPD) is proud to announce, for the second year in a row, the company has been named one of the best places to work in its hometown of Montréal.

Key Points: 
  • Montreal, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Lightspeed Commerce Inc. (NYSE | TSX: LSPD) is proud to announce, for the second year in a row, the company has been named one of the best places to work in its hometown of Montréal.
  • Mediacorp Canada Inc., organizers of the annual Montréal’s Top Employers project, announced results Tuesday, February 27th.
  • We’re a great place to work and we empower people to do great work.”
    Thinking of making a career change?
  • Lightspeed is hiring for roles across Canada and around the world.

Lightspeed Named One of Montréal’s Top Employers for 2024

Retrieved on: 
Thursday, February 29, 2024
POS, TSX, Culture, Growth, Greater, Health, Organization, Policy, Speed of light

MONTREAL, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Lightspeed Commerce Inc. (NYSE | TSX: LSPD) is proud to announce, for the second year in a row, the company has been named one of the best places to work in its hometown of Montréal.

Key Points: 
  • MONTREAL, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Lightspeed Commerce Inc. (NYSE | TSX: LSPD) is proud to announce, for the second year in a row, the company has been named one of the best places to work in its hometown of Montréal.
  • Mediacorp Canada Inc., organizers of the annual Montréal’s Top Employers project, announced results Tuesday, February 27th.
  • We’re a great place to work and we empower people to do great work.”
    Thinking of making a career change?
  • Lightspeed is hiring for roles across Canada and around the world.