Silicon Valley

leAD Sports & Health Tech Partners Teams Up With Tavistock Group to Launch $30 Million Lake Nona Sports & Health Tech Fund

Retrieved on: 
Wednesday, September 8, 2021

ORLANDO, Fla., Sept. 08, 2021 (GLOBE NEWSWIRE) -- leAD Sports & Health Tech Partners, the leading global sports and health tech investment ecosystem, and Tavistock Group, an international private investment organization, announced today the launch of the Lake Nona Sports & Health Tech Fund.

Key Points: 
  • ORLANDO, Fla., Sept. 08, 2021 (GLOBE NEWSWIRE) -- leAD Sports & Health Tech Partners, the leading global sports and health tech investment ecosystem, and Tavistock Group, an international private investment organization, announced today the launch of the Lake Nona Sports & Health Tech Fund.
  • "The Lake Nona Fund is home to the sports and health innovators of tomorrow," said Thomas H. Rudy, Lake Nona Fund Principal.
  • And there's no better place to do so than Lake Nona the Silicon Valley of sports & health tech.
  • leAD Sports & Health Tech Partners sources, funds, and drives growth of early-stage sports & health tech startups globally.

SVB Financial Group Expands Financial Platform for the Innovation Economy with Addition of Technology Investment Banking

Retrieved on: 
Wednesday, September 8, 2021

SANTA CLARA, Calif., Sept. 8, 2021 /PRNewswire/ -- SVB Financial Group ("SVB") (NASDAQ: SIVB), the parent of Silicon Valley Bank, today announced it has assembled an industry-leading technology investment banking team led by Jason Auerbach, SVB Leerink's new Co-Head of Investment Banking. These additions to SVB's existing investment banking business, SVB Leerink, will expand and build on SVB's core capabilities. SVB serves the world's most innovative companies and their investors via commercial banking with Silicon Valley Bank, investment banking with SVB Leerink, private banking and wealth management with SVB Private Bank, and funds management and investment with SVB Capital. With this announcement, SVB Leerink's sector expertise will include healthcare, healthcare services and now technology investment banking.

Key Points: 
  • SANTA CLARA, Calif., Sept. 8, 2021 /PRNewswire/ -- SVB Financial Group ("SVB") (NASDAQ: SIVB), the parent of Silicon Valley Bank, today announced it has assembled an industry-leading technology investment banking team led by Jason Auerbach, SVB Leerink's new Co-Head of Investment Banking.
  • SVB serves the world's most innovative companies and their investors via commercial banking with Silicon Valley Bank, investment banking with SVB Leerink, private banking and wealth management with SVB Private Bank, and funds management and investment with SVB Capital.
  • With this announcement, SVB Leerink's sector expertise will include healthcare, healthcare services and now technology investment banking.
  • "I couldn't be more enthusiastic about SVB Leerink's expansion into technology investment banking," said Jeff Leerink, CEO of SVB Leerink.

Sojern and Roiback Partner to Help Hoteliers Increase Direct Bookings and Profitability

Retrieved on: 
Tuesday, September 7, 2021

The partnership empowers hoteliers to reach their customers across multichannel media solutions, increasing direct sales and profitability.

Key Points: 
  • The partnership empowers hoteliers to reach their customers across multichannel media solutions, increasing direct sales and profitability.
  • With Sojern, Roiback enhances its own digital marketing agency specialised in hospitality, providing its clients a smart advertising platform built specifically for travel marketers.
  • Sojern and Roiback will focus efforts on the Middle East and Asia Pacific, Iberia and Latin America regions.
  • Powered by artificial intelligence and traveller intent data, Sojern provides multichannel marketing solutions to drive direct demand.

CalypsoAI Announces Partnership with ECS to Develop Solutions for Trustworthy AI

Retrieved on: 
Tuesday, September 7, 2021

The partnership will see CalypsoAI, a Silicon Valley start-up and AI security industry leader, leverage it's AI safety and security software to expand ECS' testing capabilities for government customers.

Key Points: 
  • The partnership will see CalypsoAI, a Silicon Valley start-up and AI security industry leader, leverage it's AI safety and security software to expand ECS' testing capabilities for government customers.
  • CalypsoAI is providing ECS with proprietary capabilities for trustworthy model development, and cutting-edge novel testing and evaluation (T&E).
  • "We look forward to deploying our industry-leading AI security technology across ECS' AI platforms to ensure federal agency missions are supported responsibly, from technology development through deployment."
  • CalypsoAI's partnership with ECS supports this framework by further expanding access to AI T&E capabilities to federal customers, which will give them the tools they need to develop and field safe AI capabilities.

Southwest Airlines Donates $150,000 To Disaster Relief Organizations

Retrieved on: 
Wednesday, September 1, 2021

DALLAS, Sept. 1, 2021 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today announced a donation of $150,000 to its national disaster relief partners, American Red Cross, Feeding America, and Team Rubicon.

Key Points: 
  • DALLAS, Sept. 1, 2021 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today announced a donation of $150,000 to its national disaster relief partners, American Red Cross, Feeding America, and Team Rubicon.
  • This financial commitment is fulfilled through the Southwest Airlines Foundation, a corporate-advised fund within the Silicon Valley Community Foundation.
  • Visit Southwest.com to donate to one or more of the organizations working on the frontlines providing much-needed relief to impacted communities.
  • "Southwest champions communities by supporting the work of nonprofit organizations, and encouraging our Customers to do the same," said Laurie Barnett , Southwest Airlines' Managing Director of Communications and Outreach.

Benefits of the Decentralized Economy from the Right Balance of CBDC and Private Cryptocurrency: Raj Chowdhury

Retrieved on: 
Tuesday, August 31, 2021

They allow transferability of value akin to sending a text and comprehensive programmability," wrote Chowdhury over email.

Key Points: 
  • They allow transferability of value akin to sending a text and comprehensive programmability," wrote Chowdhury over email.
  • However, true benefits of decentralization may only be achieved when both the CBDC and private cryptocurrency are allowed to flourish.
  • This implies the right balance of both the public and private cryptocurrencies will result in the desired outcome befitting a decentralized global economy."
  • Private cryptocurrencies like Bitcoin, Ethereum, LiteCoin have, on the other hand, demonstrated proof-of-work in settling cross-border payments," added Chowdhury.

Life And Business Strategist Tony Robbins Enters The Metaverse With Virtual Innovator NFT Oasis

Retrieved on: 
Thursday, August 26, 2021

NFT Oasis fuels the decentralized creator economy combining non-fungible tokens (NFTs), virtual reality (VR), and decentralized finance (DeFi) in an ecosystem to give participants more creative freedom, business control, and financial success.

Key Points: 
  • NFT Oasis fuels the decentralized creator economy combining non-fungible tokens (NFTs), virtual reality (VR), and decentralized finance (DeFi) in an ecosystem to give participants more creative freedom, business control, and financial success.
  • The immersive power of the Metaverse experiences being developed by NFT Oasis will be unveiled to select attendees during Tony Robbins' August Business Mastery virtual event.
  • "We are absolutely thrilled to work with Tony Robbins and his amazing team to introduce their global audience to the Metaverse," said Will O'Brien, CEO and co-founder of NFT Oasis.
  • Tony Robbins is an entrepreneur, #1 New York Times best-selling author, philanthropist and #1 Life and Business Strategist.

Proptech startup funding on track to break real estate industry records in 2021

Retrieved on: 
Wednesday, August 25, 2021

That's why we expect funding within this sector to break records this year."

Key Points: 
  • That's why we expect funding within this sector to break records this year."
  • "The trends we're seeing suggest there may be no better time to invest in real estate technology.
  • With that said, there has been a migration in funding and mergers and acquisitions (M&A) to more established industry leaders.
  • While the pandemic accelerated engagement with new technologies, it simultaneously impacted funding for early-stage companies in the real estate sector.

700Credit Announces Product Alliance with Tekion to Provide Integrated Credit and Compliance Solutions

Retrieved on: 
Wednesday, August 25, 2021

FARMINGTON HILLS, Mich., Aug. 25, 2021 /PRNewswire-PRWeb/ --700Credit, LLC, the automotive industry's leading provider of credit reports, compliance solutions and soft pull products, has announced a product alliance with Tekion and its Automotive Retail Cloud (ARC).

Key Points: 
  • FARMINGTON HILLS, Mich., Aug. 25, 2021 /PRNewswire-PRWeb/ --700Credit, LLC, the automotive industry's leading provider of credit reports, compliance solutions and soft pull products, has announced a product alliance with Tekion and its Automotive Retail Cloud (ARC).
  • The new alliance will provide Tekion dealers with seamless access to 700Credit's credit report & compliance platform, optimizing the sales process and providing a smooth workflow.
  • "We are extremely excited to have Tekion as a partner and welcome their customer base to our 700Credit family.
  • Their integration of our cloud based credit and compliance modules fits well into the Tekion workflow."

Seacoast Announces the Acquisitions of Sabal Palm Bancorp, Inc. and Business Bank of Florida, Corp.

Retrieved on: 
Monday, August 23, 2021

STUART, Fla., Aug. 23, 2021 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (“Seacoast”) (NASDAQ: SBCF), the holding company for Seacoast National Bank (“Seacoast Bank”), announced today that it has entered into two separate definitive agreements to acquire Sabal Palm Bancorp, Inc. (“Sabal Palm”), parent company of Sabal Palm Bank based in Sarasota, FL and Business Bank of Florida, Corp. (“BBFC”), parent company of Florida Business Bank based in Melbourne, FL. The proposed transactions will deepen Seacoast’s presence in Brevard County and provide an entry into the desirable Sarasota market. Upon the completion of each acquisition, the banks will merge with and into Seacoast Bank.

Key Points: 
  • Sabal Palm Bank operates three branches across the Sarasota market with deposits of approximately $377 million and loans of $272 million as of June 30, 2021.
  • Sabal Palm Bank and Florida Business Bank are two highly successful, local community banking franchises.
  • We look forward to welcoming the employees and customers of Sabal Palm Bank and Florida Business Bank to the Seacoast franchise.
  • Under the terms of the Sabal Palm merger agreement, Sabal Palm shareholders are expected to receive 0.2203 shares of Seacoast common stock for each share of Sabal Palm common stock.