Day: April 4, 2023

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ROSEN, SKILLED INVESTOR COUNSEL, Encourages Texas Capital Bancshares, Inc. Investors to Inquire About Securities Class Action Investigation – TCBI

NEW YORK, April 04, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Texas Capital Bancshares, Inc. (NASDAQ: TCBI) resulting from allegations that Texas Capital may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Texas Capital securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=2747 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

WHAT IS THIS ABOUT: On March, 29, 2021, shares of Texas Capital stock dropped 13% on unusually heavy trading volume as prime brokers associated with now-defunct family office, Archegos Capital Management, unwound large U.S. stock positions linked to the fund.

A Bloomberg article published on November 16, 2021 detailed how Archegos built up a previously undisclosed position equal to 20% of Texas Capital prior to the margin calls that forced Archegos’ liquidation. According to the article, Texas Capital was aware of the large position held by Archegos while it raised additional capital from investors in February 2021.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 8801839

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Global ‘Rules of the Road’ Included in Landmark Update to Space Safety Best Practices

EXTON, PA / ACCESSWIRE / April 4, 2023 / An international coalition of industry and government satellite operators, launch vehicle and spacecraft manufacturers, SSA companies, and other space stakeholders today announced an important update to its landmark set of best practice guidelines and expected norms of behavior in space, establishing a new set of “rules of the road” for coordination of space operations. The Space Safety Coalition (SSC) published an enhanced version of its “Best Practices for the Sustainability of Space Operations” (SSC Best Practices) document to address emerging safety and sustainability concerns more proactively in the space environment. The practices provide a model framework of topics that are critical to address for space safety.“The SSC’s new guidelines are particularly important given today’s rapidly increasing risk of collisions,” said Dan Oltrogge, SSC founder and administrator. “Best practices spanning all phases of the spacecraft life cycle must keep pace as our use of and reliance upon space ever deepens.”

Founded in 2019, the SSC was established to evolve, maintain, and promote a set of best practices for safe space operations. The updated best practices incorporate recent updates to international guidelines and standards from several international governing bodies, including the UN, IADC, ISO, and CCSDS. The revised practices improve specific guidance for launch vehicle and spacecraft disposal upon mission completion and add recommendations for cybersecurity, spacecraft anomaly root cause assessment, and prevention of intentional collision or fragmentation events.

“These best practices clearly set aspirational targets to encourage all space actors to advance towards a safer, more responsible and sustainable use of space,” said Charles Law, Sr. Manager of Flight Dynamics at SES. “Importantly, these best practices seek to stop intentional collisions and fragmentations, and it is encouraging to see a framework to coordinate between maneuverable satellites and to exchange orbit information.”

To date, 27 industry representatives from the commercial space community have endorsed the updated guidelines, including manufacturers, launch providers, spacecraft operators, consultants, foundations, mission extension, active debris removal service providers, commercial SSA companies, and insurers.

“At Planet Labs, the operator of the largest fleet of Earth observation satellites in orbit, we care deeply about safe and sustainable space operations and are proud to endorse these community-led best practices around data sharing and responsible operations, which will help preserve low earth orbit as a global commons for all operators,” said James Mason, SVP of Space Systems at Planet Labs PBC.

“Negotiation to build consensus around norms like these are crucial to safeguard space systems,” said Luc Riesbeck, SSC assistant administrator and a policy research analyst at Astroscale U.S. “We welcome interested stakeholders to participate in this unique coalition to improve the state of the art for space operations safety. Responsible space behavior means you never stop setting new benchmarks – but at the same time, you ensure that the result is meaningful, actionable guidance that operators around the globe can begin putting in place right away.”

About the SSC

The Space Safety Coalition (SSC) is an international organization of satellite operators, government entities, industry representatives, and other key stakeholders that actively promote responsible space safety through the adoption and development of international standards, guidelines, and practices. Established in 2019, the SSC develops and publishes a set of orbit regime-agnostic best practices for the long-term sustainability of space operations. These best practices are applicable to all spacecraft regardless of constellation or physical size or orbital regime. SSC’s international guidelines directly address many aspects of the 21 consensus Long-Term Sustainability (LTS) guidelines approved by the United Nations Committee for the Peaceful Use of Outer Space (UN COPUOS) in June 2019.

Contact Information:

Diane Smiroldo
[email protected]
703-819-1963

SOURCE: Space Safety Coalition

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Vytelle Closes $20MM in Series B Funding to Accelerate Genetic Progress in Cattle

LENEXA, Kansas, April 04, 2023 (GLOBE NEWSWIRE) — Vytelle, a precision livestock company, has raised $20MM in Series B funding to accelerate genetic progress in cattle. With this new investment, Vytelle will continue to expand its global operations, while delivering the most accessible, reliable, and predictable reproductive technology available to customers today.

The investment was led by Forage Capital Partners, a Calgary based growth equity fund that invests across the entire food and agriculture value chain. New investor, Mountain Group Partners, joins current investors, Grosvenor Food and Ag Tech, Open Prairie, Fulcrum Global Capital, Serra Ventures, and KC Rise to complete the round.

Forage Capital Partner, Jim Taylor said, “Vytelle has proven their ability to scale and deliver consistent results for the benefit of cattle producers aiming to accelerate genetic progress around the world. We are impressed with Vytelle’s track record of growth and delivery and are excited about what the future will bring.”

Vytelle’s integrated technology platform combines Vytelle ADVANCE, a breakthrough in vitro fertilization (IVF) technology, with Vytelle SENSE, an animal performance data capture system, and Vytelle INSIGHT, an artificial intelligence based genetic analytics engine.

As the fastest growing advanced reproduction company, Vytelle is easily accessible to more than 50% of the US cow herd. Combining this footprint, with Vytelle’s curation of the world’s largest multibreed efficiency database, provides the infrastructure to impact bovine genetic progress rapidly. Progressive cattle producers can use the technology to multiply the impact of elite livestock productivity and profitability, sustainably delivering more protein with fewer inputs.

“We are delighted to have secured this new investment; this is indicative of strong market interest in our products and services. Our mission is clear, and we are grateful for the support of our investors who join us on our journey to ensure meat and milk are viable food choices for future generations.” said Kerryann Kocher, CEO of Vytelle.

About Vytelle

Vytelle is a precision livestock company reshaping how cattle producers worldwide optimize their herds. Through Vytelle’s integrated technology platform, generations of genetic gains can be made in just a few years. This allows producers to sustainably deliver more protein with fewer inputs, helping to ensure meat and milk are viable, competitive food choices for future generations. For more information about Vytelle, please visit www.vytelle.com.

About Forage Capital Partners

Forage Capital Partners is Canada’s most experienced team of Ag & Food investors, having managed over $500 million in commitments to the industry over the last 18 years. Forage Capital Ag & Food Business Solutions Fund works to provide its portfolio companies with the stability and flexibility they need to expand and adapt their business models during these challenging times. The fund will invest with creative business owners that are looking to capitalize on new and innovative opportunities. For more information on Forage Capital Partners, visit www.foragecapitalpartners.com.

About Mountain Group Partners

Mountain Group Partners is a Nashville-based venture capital firm that invests in early-stage companies predominantly in the life sciences, animal health and disruptive technology sectors.  The firm has invested in companies across animal health primarily in companion animals and technologies centered on improving protein production.  Mountain Group takes a hands-on approach to investing based upon its deep operational experience and currently has over $300 million in assets under management. For more information on Mountain Group Partners, visit www.mtngp.com.

Attachment

Lisa Rumsfeld
Vytelle
[email protected]

GlobeNewswire Distribution ID 8801024

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U.S. Polo Assn. Launches Spring-Summer 2023 Collection

Sport-Inspired Brand Brings the Seasons to Life with Global Photo Shoot in Santa Barbara, Calif.

WEST PALM BEACH, FL / ACCESSWIRE / April 4, 2023 / U.S. Polo Assn., the official brand of the United States Polo Association (USPA), has launched its iconic, sport-inspired Spring-Summer Collection for 2023. The brand’s global photo shoot took place in historic Santa Barbara, Calif., known for its spectacular weather, beautiful vineyards, romantic Mediterranean-inspired backdrops and dramatic central California sunsets.

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U.S. Polo Assn.’s Spring-Summer 2023 Collection represents all things fresh and vibrant in the upcoming seasons. In this beautiful Santa Barbara setting, sun-washed pastels are layered with textured linens and shot beside the golden glow of Pacific Coast sunshine. Lush rose gardens, winding pathways and scenic vistas showcase the soft silhouettes of U.S. Polo Assn.’s seasonal dresses topped with soft sweaters. Tonal polo shirts are perfectly paired with classic denim that will never go out of style, along with accessories that shine, such as stylish bags and reversible totes, fashionable footwear, and on-trend eyewear, to complete an entire look that’s warm-weather worthy.

“For the U.S. Polo Assn. Spring-Summer 2023 Collection, our Design Team was most excited about the texture of the fabrics of the season, especially linen, and linen-cotton blends, because these natural fabrics keep us cool, comfortable and looking great in these warm weather temperatures,” said Brian Kaminer, SVP of Brand and Product for U.S. Polo Assn. “Stunning colors, from pastels to brights, are always a key element of our brand’s classic, American style, fitting in perfectly with this season’s trends to give that cool, coastal California vibe.”

U.S. Polo Assn. is known for its sport-inspired, classic American style and each season the brand takes it to a new level with unique colors, styles, and fabrics. The Spring-Summer 2023 Collection is innovative in its colorful and modern assortments, including global apparel with sustainable aspects.

“The U.S. Polo Assn. Design Team was able to capture this iconic Spring-Summer 2023 Collection in Santa Barbara, inspired by everything that makes us think of coastal California; not to mention the location is home to some of the sport’s most historic and prestigious polo clubs,” said J. Michael Prince, President and CEO of USPA Global Licensing, which manages the global, multi-billion-dollar U.S. Polo Assn. brand. “Every season, we focus on evolving our core products as well as innovating new ones, while always staying true to our authentic connection to the sport of polo.”

About U.S. Polo Assn. and USPA Global Licensing Inc. (USPAGL)

U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the non-profit governing body for the sport of polo in the United States and one of the oldest sports governing bodies, having been founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through some 1,100 U.S. Polo Assn. retail stores and thousands of department stores as well as sporting goods channels, independent retailers and e-commerce, U.S. Polo Assn. offers apparel for men, women, and children, as well as accessories and footwear in more than 190 countries worldwide. U.S. Polo Assn. was named as one of the top five sports licensors in 2022, according to License Global. Visit uspoloassnglobal.com and follow @uspoloassn.

USPA Global Licensing Inc. (USPAGL) is the for-profit subsidiary of the USPA and its exclusive worldwide licensor. USPAGL manages the global, multi-billion-dollar U.S. Polo Assn. brand and is the steward of the USPA’s intellectual properties, providing the sport with a long-term source of revenue. Through its subsidiary, Global Polo Entertainment (GPE), USPAGL also manages Global Polo TV, which provides polo, sport and lifestyle content. In addition, USPAGL partners with ESPN and beIN Sports globally to share the sport of polo broadcasts on television and on-demand to millions of viewers around the world. A historic, multi-year, global arrangement has been signed by USPAGL and ESPN for the world’s leading sports content provider to air seven of the top final polo games in the U.S., allowing millions of sports fans and consumers to enjoy the sport across ESPN’s broadcast and streaming platforms. For more sport content, visit globalpolo.com.

Contact Information

Stacey Kovalsky
Senior Director, Global Communications
[email protected]
+001.561.790.8036

Shannon Stilson
VP, Sports Marketing & Media
[email protected]
+001.561.227.6994

SOURCE: USPA Global Licensing Inc.

 

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BioMed X and Merck Expand Collaboration Aiming to Leverage Cancer-Specific Vulnerabilities for Targeted Therapies

After successfully completing a project in RNA splicing in cancer this January, BioMed X and Merck continue their oncology collaboration to explore tumor immunogenicity enhancers.

HEIDLEBERG, GERMANY / ACCESSWIRE / April 4, 2023 / BioMed X, an independent biomedical research institute, announces the start of its new research project – “New Strategies to Enhance the Immunogenicity of Tumors” – in collaboration with Merck. The focus of this new research group will be to develop novel approaches for enhancing tumor immunogenicity to broaden the population of patients who could benefit from cancer immunotherapy.

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BioMed X Institute Logo

“What if we could overcome the immunosuppressive microenvironment of solid tumors with a novel targeted approach?” asks Dr. Christian Tidona, Founder and Managing Director of the BioMed X Institute. “This call for application is inviting original research proposals that explore new ways to enhance the immunogenicity of tumors and thus boost the efficacy of immune checkpoint inhibitors,” explains Dr. Tidona.

A high mutational burden, as well as aberrant mRNA splicing, are sources of neoantigens: unique antigens presented by tumor cells capable of eliciting an effective anti-tumor immune response. The most recently completed BioMed X project was also a Merck collaboration investigating RNA splicing patterns in cancer. “Using a new bioinformatic approach, we were able to query splicing variants that are unique to certain cancers,” said Dr. Alexandra Duarte, former group leader at the BioMed X Institute. “Such splicing abnormalities can shape the complex pathophysiology of cancer cells, including through the expression of immunogenic neoantigens,” added Dr. Duarte, now a Senior Scientist in the Department of mRNA Cancer Immunotherapies of Prof. Dr. Ugur Sahin at HI-TRON in Mainz, Germany.

The new project launched today, marking the tenth joint research group between the two partners, expands this line of research by targeting tumor-specific DNA Damage Repair (DDR) mechanisms or exploiting tumor-intrinsic DDR defects to increase the tumor mutational burden and immunogenicity. Researchers who are interested in becoming part of this new BioMed X research team in Heidelberg are invited to respond to this international call for application by submitting a project proposal via the BioMed X Career Space at https://career.bio.mx/call/2023-BMX-C01 before May 28, 2023.

About BioMed X

BioMed X is an independent research institute located on the campus of the University of Heidelberg in Germany, with a worldwide network of partner locations. Together with our partners, we identify big biomedical research challenges and provide creative solutions by combining global crowdsourcing with local incubation of the world’s brightest early-career research talents. Each of the highly diverse research teams at BioMed X has access to state-of-the-art research infrastructure and is continuously guided by experienced mentors from academia and industry. At BioMed X, we combine the best of two worlds – academia and industry – and enable breakthrough innovation by making biomedical research more efficient, more agile, and more fun.

Contact Information

Flavia-Bianca Cristian
Recruiting & Communications Manager
[email protected]
+49 6221 426 11 706

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SOURCE: BioMed X Institute

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بنك التصدير والاستيراد السعودي يبدأ العمل على منصة تيمينوس المصرفية الأساسية

تمكن الوظائف الرائدة لمنصة تيمينوس وتقنياتها الحديثة بنك التصدير والاستيراد السعودي من تعزيز الكفاءة التشغيلية والمالية في التمويل التجاري

جنيف، سويسرا – EQS Newswire – في4   أبريل2023 – أعلنت تيمينوس (SIX:TEMN) (www.Temenos.com)       اليوم أن بنك التصدير والاستيراد السعودي (Saudi EXIM Bank) (https://apo-opa.info/42NrEET) نفذ منصة تيمينوس المصرفية الأساسية (https://apo-opa.info/3G2pGXB)، والتي ستبدأ العمل في غضون ستة أشهر فقط. تُمكن تيمينوس بنك التصدير والاستيراد السعودي من تعزيز الكفاءة التشغيلية والمالية، مما يسرع على الشركات الوصول إلى التمويل التجاري ويسهل لها ذلك، كما يعزز خلق فرص العمل والنمو الاقتصادي في المملكة العربية السعودية.

تم النشر السريع لمنصة تيمينوس المصرفية الأساسية الحديثة والسحابية الأصلية. وقد عمل بنك التصدير والاستيراد السعودي بشكل وثيق مع تيمينوس وشركائها الاستشاريين والتنفيذيين، مما جلب خبرة عميقة بالسوق المحلية. وعلاوة على ذلك، قدم نهج نموذج المصرف السعودي من تيمينوس (Temenos KSA Model Bank) الأداء الوظيفي وأفضل الممارسات مسبقة الإعداد، مما ساعد البنك على تلبية متطلبات الأعمال والمتطلبات التنظيمية الخاصة به في الوقت المناسب وبطريقة فعالة. كما ساعدت خدمات تيمينوس الاستشارية للمشاريع بمعرفتها وأفضل ممارساتها في تسريع تسليم المشروع.

ويقدم بنك التصدير والاستيراد السعودي خدمات مالية شاملة، تلبي على وجه التحديد احتياجات الشركات في المملكة العربية السعودية العاملة في التجارة الدولية. ومن خلال تفعيل منصة تيمينوس المصرفية الأساسية، يمكن للبنك تبسيط أنشطة التشغيل وأتمتة العمليات مما يزيد من الكفاءة التشغيلية للبنك. كما أن منصة تيمينوس المفتوحة للخدمات المصرفية القابلة للتركيب توفر تغطية مرنة وشاملة لمجموعة متنوعة من أنواع التسهيلات.

تأسس بنك التصدير والاستيراد السعودي في عام 2020 لتعزيز تصدير المنتجات السعودية غير النفطية وتعزيز كفاءتها عبر القطاعات الاقتصادية في الأسواق العالمية. يقدم البنك خدمات تمويلية وضمانات وتأمين ائتماني بمزايا تنافسية لتعزيز الثقة في المنتجات السعودية.

علق سعادة المهندس سعد بن عبد العزيز الخلب، الرئيس التنفيذي لبنك التصدير والاستيراد السعودي، قائلاً: “إن تنفيذ نظامنا المصرفي الأساسي مع تيمينوس هو خطوة إلى الأمام بالنسبة لبنك التصدير والاستيراد السعودي لإعداده بشكل أفضل لتحقيق الأهداف الإنمائية بما يتماشى مع رؤية المملكة 2030. سيتيح ذلك إجراء معالجة المعاملات بوتيرة أسرع، وتحسين تجربة العملاء، واستخدام الموارد على نحو أكثر كفاءة. كما سيساعدنا على إدارة المخاطر بطريقة أفضل، مع تحسين تحليلات البيانات وقدرات المراقبة في الوقت الفعلي. ويسرنا أننا تمكَّنا من بدء العمل في مثل هذا الوقت القصير بفضل فهم تيمينوس للخدمات المصرفية في المملكة العربية السعودية وعملياتها المصرفية المُعدَّة مسبقًا”.

صرح وليام موروني، المدير الإداري لشركة تيمينوس في الشرق الأوسط وأفريقيا، قائلاً: “أود أن أتقدم بالتهنئة إلى فريق بنك التصدير والاستيراد السعودي على بدء العمل بمنصة تيمينوس المصرفية الأساسية والسحابية الأصلية. إن تنفيذ نظام مصرفي أساسي جديد في أقل من ستة أشهر يعد إنجازًا رائعًا. تتمتع تيمينوس بحضور قوي في منطقة الشرق الأوسط مع خبرة في نقل العديد من البنوك الرائدة في المنطقة مباشرة على منصتنا. تحتاج بنوك المستقبل إلى مركز حديث وحيوي ومكونات قابلة للانتشار تغطي جميع مجالات الخدمات المصرفية. ونحن نتطلع إلى رؤية بنك التصدير والاستيراد السعودي والتمويل التجاري يزدهران في المملكة العربية السعودية على منصة تيمينوس الجديدة لديهم”.

كما صرح بريما فارادهان، رئيس المنتجات والرئيس التنفيذي للعمليات في تيمينوس، قائلاً: “مع عملاء مثل بنك الايد ايريش (AIB) (https://apo-opa.info/3TOH3km) في أيرلندا، وبنك التجارة (https://apo-opa.info/3lLtWE5) في الولايات المتحدة الأمريكية، ومصرف الراجحي (https://apo-opa.info/40p0cMn) في المملكة العربية السعودية، فإن الخدمات المصرفية للشركات هي محور التركيز الرئيسي لشركة تيمينوس. ولدينا خارطة طريق قوية للمنتجات ونواصل الاستثمار بكثافة لتقديم وظائف مصرفية فعالة للشركات لمساعدة البنوك على تقليل عدد الأنظمة القديمة على منصة سحابية أصلية وتحسين الأتمتة والكفاءة.”

في عام 2022، تم ترشيح تيمينوس كقائد في The Forrester Wave™: منصات معالجة الخدمات المصرفية الرقمية للخدمات المصرفية للشركات، للربع الثالث من العام المالي 2022 (https://apo-opa.info/40l1kAs)، مع تصريح فوريستر بأن “تيمينوس تحدد وتيرة القدرات المصرفية التي تعمل بالذكاء الاصطناعي وبنية التطبيقات.”

توزيع ابو جروب (APO Group)  نيابة عن تيمينوس.

 نبذة عن تيمينوس:

تيمينوس (SIX: TEMN) هي المنصة المفتوحة الرائدة في العالم للخدمات المصرفية القابلة للتركيب، والتي تُنشئ فرصًا لأكثر من 1,2 مليار شخص حول العالم كل يوم. نخدم 3,000 بنك من أكبر البنوك والمنافسين والبنوك المجتمعية في أكثر من 150 دولة من خلال مساعدتهم على بناء خدمات مصرفية جديدة فضلاً عن أحدث تجارب العملاء. وتساعد منصة تيمينوس المفتوحة العملاء الأفضل أداءً لدينا على تحقيق عائد على حقوق الملكية ثلاثة أضعاف متوسط الصناعة، وتحقيق نسب تكلفة إلى الدخل تبلغ نصف متوسط الصناعة. لمزيد من المعلومات، يرجى زيارة www.Temenos.com.

 للتواصل الإعلامي:
جيسيكا وولف & سكوت رو

العلاقات العامة العالمية بشركة تيمينوس
الهاتف: 2793 232 610 1+ و3857 7423 20 44+
البريد الإلكتروني: [email protected]

أليستير كيلي
اس اي سي نيوجايت نيابة عن تيمينوس
الهاتف: ‎6550 7680 20 44+
البريد الإلكتروني: [email protected]

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Decision Intelligence Leader & AI Innovator Quantexa Raises Valuation to $1.8 Billion With Completion of Series E Funding Round

GIC leads funding round of $129 million with Warburg Pincus, Dawn Capital and other existing investors participating

Quantexa joins elite group of UK tech companies reaching breakout Unicorn status

LONDON and NEW YORK, April 04, 2023 (GLOBE NEWSWIRE) — Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced today that it has completed a $129 million Series E funding round. The latest investment round secures the British tech company’s unicorn status with a valuation of $1.8 billion and will accelerate the execution of its growth strategy within the *$230bn Decision Intelligence category.

The round was led by GIC, a global institutional investor, and existing investors also participated, including Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO Ventures, and AlbionVC. This investment comes less than 18 months after Quantexa closed its $157 million Series D funding round in July 2021 and just weeks after its acquisition of Aylien, a Dublin-based leader in natural language processing (NLP) and advanced AI.

In what has been a difficult period for many tech companies, Quantexa continues to post impressive growth, having grown their ARR over 100% since closing their Series D round. In the same time period, Quantexa has seen robust growth in all regions, including a breakout performance in North America, with an increase in ARR of over 180%.

The success comes on the heels of Quantexa’s continued geographic expansion efforts which has seen the company grow from 500 to 650 employees over the past year and open new offices in New York City, the UAE, Amsterdam, and a new Technology and Analytics Hub in Malaga Tech Park, Spain, in November 2022. This new capital will ensure that Quantexa continues to grow its global presence and invest in its world-class engineering talent.

Quantexa also plans to use the funding to boost technology innovation efforts and strengthen its Decision Intelligence Platform capabilities in low-code data fusion, graph analytics, machine learning (ML), natural language processing (NLP) and artificial intelligence (AI). Additionally, Quantexa will increase focus on accelerating joint go-to-market efforts with its flagship partners which include Google, Moody’s, Accenture, KPMG, Deloitte, and EY.

Deployed in more than 70 countries, thousands of users across banking, insurance, telecoms industries, and within public sector, rely on Quantexa’s outcome-driven solutions to protect, optimize, and grow their organizations. Quantexa’s growing customer-base includes BNY Mellon, HSBC, Standard Chartered, Danske Bank, Vodafone, and The Public Sector Fraud Authority in the UK Cabinet Office.

Vishal Marria, CEO of Quantexa said, “After closing our Series D investment round, Quantexa has been on a transformational journey, accelerating the growth of our global software business and firmly establishing our leadership position in the emerging Decision Intelligence category. In a challenging market we have doubled our ARR, our user base, and continue to penetrate new markets and industries. This infusion of capital will fuel further innovation, diversification, and expansion, and opens exciting options for our future.

“It’s a real testament to our vision and trajectory to have such a significant contribution from our new investor, GIC and the majority of our Series D investors – in our latest round. We warmly welcome GIC and thank our existing investors for their continued confidence in our ability to generate growth and accelerate the path to profitability.”

*Total addressable market (TAM) estimate is based on Quantexa proprietary research with data from sources including IDC, Chartis, GreySpark (GS), Allied Market Research, and Inkwood Research.

About Quantexa

Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 600 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Toronto, Malaga, Brussels, Amsterdam, Luxemburg, Singapore, Melbourne, Sydney, and the UAE. For more information, please visit www.quantexa.com or follow us on LinkedIn.

About GIC

GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. As the manager of Singapore’s foreign reserves, GIC takes a long-term, disciplined approach to investing and is uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital and infrastructure. Its long-term approach, multi-asset capabilities and global connectivity enable it to be an investor of choice. GIC seeks to add meaningful value to its investments. Headquartered in Singapore, GIC has a global talent force of over 1,900 people in 11 key financial cities and has investments in over 40 countries. For more information, please visit www.gic.com.sg or follow on LinkedIn.

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Nigerian Navy redeploys, appoints senior officers

The Chief of Naval Staff, Vice Adm. Awwal Gambo, has approved appointments of senior officers comprising Rear Admirals and Commodores as part of the routine reorganisation in the service.

The Director of Information, Nigerian Navy, Commodore Adedotun Ayo-Vaughan, made this known in a statement on Monday in Abuja.

Ayo-Vaughan said the new appointments resulted from the promotion of 128 senior officers in December 2022, mainly 52 rear admirals and 76 commodores.

He said the new appointments saw Rear Adm. Garba Abubakar being reappointed as the Nigerian Navy Delegate to the Islamic Military Counter Terrorism Coalition, Kingdom of Saudi Arabia.

Meanwhile, Rear Adm. Akano Adesope, was moved from the National Institute of Policy and Strategic Studies (NIPSS), Kuru and appointed as the Admiral Superintendent Naval Ordinance Depot.

Similarly, former Director of Administration, Naval Headquarters, Rear Adm. Kennedy Egbuchulam, was appointed as the pioneer Chief of Communications and Information Technology.

Former Chief of Defence Space Administration, Rear Adm. Nnamdi Muogilim, moves to Defence Headquarters as the Executive Director Operations, Navy Holdings Limited.

Ayo-Vaughan said the erstwhile Commander, Nigerian Navy Ship, WEY, Rear Adm. Adewale Olanrewaju, would to take over as the Director of Standards, Naval Headquarters.

The former Deputy Director Communication Intelligence at Defence Intelligence Agency, Rear Adm. Fatah Sanusi takes over as Executive Director, Administration, Human Resource and Personnel Management at the Navy Holdings Ltd.

“Rear Adm. Nuhu Bala, the former Director of Transformation, Defence Headquarters has been reappointed as the Deputy Chief of Defence Space Administration.

Rear Adm. Danjuma Moses, former Director of Training, DHQ takes over as the Deputy Commandant, Armed Forces Command and Staff College, Jaji.

“The routine reshuffling of the senior naval officers also affected Rear Adm. Vincent Okeke, former Director of Logistics, DHQ who has been reappointed as Director of Plans, DHQ and Rear Adm. Yakubu Wambai, the erstwhile Flag Officer Commanding, Western Naval Command moves to DHQ as the Director of Transformation.

“The former Director Veterans Affairs, Naval Headquarters, Rear Adm. Ismaila Zelani has been appointed as Director of Administration at Naval Headquarters.

“Rear Adm. Emmanuel Beckley, the erstwhile Admiral Superintendent Naval Ordnance Depot moves to Headquarters Defence Intelligence Agency as the Director of Logistics,” he said.

The naval spokesman further said Rear Adm. Domnan Dangwel, had been redeployed from DHQ to Naval Headquarters as the Director Special Projects, while Rear Adm. Tanko Pani, would remain in DHQ and appointed as Director of Training.

He said while the former Deputy Director Earth Observation at DSA, Rear Adm. Hamisu Sadiq, moved to NHQ as Director of Safety, Rear Adm. Olusanya Bankole would take over as the Director of Communications at NHQ.

According to him, the immediate past Flag Officer Commanding, Eastern Naval Command, Rear Adm. Ibrahim Dewu takes over as the Director of Project Implementation, Monitoring and Evaluation Directorate.

“Rear Adm. Kennedy Ezete, moves to DHQ as Director, Project Monitoring while Rear Adm. Noel Madugu, formerly Deputy Director Special Operation Forces, DHQ has been appointed Director of Logistics.

“The erstwhile Director of Logistics, Nigerian Armed Forces Resettlement Centre, Oshodi, Rear Adm. Daupreye Matthew, is to resume as the Director, Innovation and Concept Development, NHQ.

“While Rear Adm. Emmanuel Nmoyem, was appointed as the Director, Human Rights Desk, DHQ while Rear Adm. Ibrahim Shettima, formerly Chief of Logistics, NHQ takes over as the Flag Officer Commanding, Central Naval Command.

“The former Flag Officer Commanding, Naval Training Command, Rear Adm. Monday Unurhiere is now the Director of Plans, NHQ while Rear Adm. Hamza Kaoje has been moved from Headquarters Western Naval Command to DHQ as Director of Equipment Standardisation and Harmonisation.

“Rear Adm. Idi Abbas, formerly Flag Officer Commanding, Central Naval Command resumes as the Director of Operations, NHQ,” he added.

Ayo-Vaughan also said Rear Adm. Clement Atebi, had been moved from the Central Naval Command to NHQ as Director of Audit, while Rear Adm. Samson Bura, formerly Fleet Commander, Western Fleet, had been moved to DHQ as Director Search and Rescue.

He said Rear Adm. Oluwole Fadeyi, had been moved from Eastern Naval Command and appointed as Director Record, Returns and Analysis at NHQ while Rear Adm. Olusola Oluwagbire, takes over as the Flag Officer Commanding, Eastern Naval Command.

According to him, the erstwhile Deputy Commandant, AFCSC, Jaji Rear Adm. Mustapha Hassan, is now the Director of Policy, NHQ while Rear Adm. Bashir Mohammed, becomes the Chief of Logistics (Navy) and Rear Adm. Julius Nwagu become the Director Campaign Planning at NHQ.

He added that Rear Adm. Patrick Nwatu, takes over as the Flag Officer Commanding, Naval Training Command, while Rear Adm. Mike Oamen is now the Director Veterans Affairs, NHQ, while Rear Adm. James Okosun, takes over as the Commandant Nigerian Naval Engineering College, Sapele.

Rear Admiral Suleiman Abdullahi has been reappointed as the Managing Director Admiralty Exchange Ltd., Navy Holdings Ltd., while Rear Admiral Kasimu Bushi has been reappointed as the Chief of Accounts and Budget, Naval Headquarters.

“Furthermore, Rear Adm. Joseph Akpan, takes over as the Flag Officer Commanding, Western Naval Command; Rear Adm. Ibrahim Shehu, appointed Director of Marine Engineering, NHQ and Rear Adm. Abdullahi Ahmed, moves to NHQ as Director, Recruitment, Reserve and Resettlement.

“Rear Adm. Fredrick Damtong has been reappointed Director Weapon Electrical; Rear Adm. Abdul-rasheed Haruna, the immediate past Commander, NNS BEECROFT is now the Chief Staff Officer, Eastern Naval Command while Rear Adm. John Mamman, has been appointed Chief Staff Officer, Headquarters Western Naval Command.

“The immediate past Commander, Naval Base Lake Chad, Rear Adm. John Okeke is to take over as the Chief Staff Officer, Headquarters Central Naval Command while Rear Adm. Olatunde Olodude moves from the National Defence College, Abuja to take over as the Fleet Commander, Western Fleet.

“Rear Adm. Chijioke Onyemaobi has been reappointed as the Director Ships Spares, NHQ.

“Other senior officers affected by the new appointments are Rear Adm. Sunday Atakpa, former Commander, NNS SOROH, who has been appointed the Chief Staff Officer, Naval Training Command and Rear Adm. Abdul-hamid Baba-Inna, former Commander NNS DELTA who was appointed Director, Legal Services, NHQ.

“Rear Adm. Patrick Effah has been reappointed, Director, Maritime Domain Awareness, NHQ.

“Rear Adm. Chidozie Okehie has been reappointed Director Personnel Release and Rear Adm. Olusegun Soyemi, appointed as Director, Monitoring and Evaluation Analysis.

“Rear Adm. Ebiobowei Zipele has been reappointed as the Commandant, Defence Intelligence College, Karu,” he added

Source: News Agency of Nigeria