N.W.T. coalition distributes $1 million for on-the-land programming

a group of people posing for the camera: Gwich'in and Inuvialuit youth at the Regional Youth Council organized by the Gwich'in Tribal Council, an NWT On the Land Collaborative grant recipient.

© Submitted by NWT On the Land Collaborative
Gwich’in and Inuvialuit youth at the Regional Youth Council organized by the Gwich’in Tribal Council, an NWT On the Land Collaborative grant recipient.

The NWT On The Land Collaborative says it has doled out $1 million in funding this year to support projects meant to revitalize and strengthen connections to the land.

The coalition is made up of several organizations — including government, charitable and corporate groups. It’s meant to bring various partners together to make it easier for communities to access resources for on-the-land programming.

The funding this year went to support 55 projects across the territory, according to a news release from NWT On The Land Collaborative. The grants afforded ranged from $2,500 to $60,000. 

Some of grants went to the Inuvialuit Regional Corporation, to help fund a regional on-the-land literacy camp, and to the Dehcho First Nations, to support

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Verbit raises $60 million to improve enterprise-focused transcription software

Verbit today announced the close of a $60 million series C round ($10 million of which is debt) that the company says will bolster its product R&D efforts. Verbit CEO Tom Livne, speaking to VentureBeat via email, said the infusion will also lay the groundwork for merger and acquisition opportunities as Verbit pursues new verticals, increases the number of languages its platform supports, and hires employees to expand its international reach.

The voice and speech recognition tech market is anticipated to be worth $31.82 billion by 2025, driven by new applications in the banking, health care, and automotive industries. In fact, it’s estimated that one in five people in the U.S. interact with a smart speaker on a daily basis and that the share of Google searches conducted by voice in the country recently surpassed 30%.

Livne, who cofounded Verbit.ai with Eric Shellef and Kobi Ben Tzvi in 2017, asserts

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Afresh has a $100 million valuation and a software service that keeps food fresh in grocery stores

Afresh, a company selling software to track demand and manage orders for fresh produce in grocery stores, is now worth $100 million.


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That hefty valuation comes on the back of a $13 million extension to the company’s latest round of funding, led by Food Retail Ventures and joined by existing investors Innovation Endeavors, Maersk Growth, and Baseline Ventures, the company said.

As part of the round, James McCann, the former chief executive of Ahold USA, a supermarket holding company whose subsidiaries include HEB, Supervalu, and Giant, has joined the company’s board of directors.

Companies like Afresh are tackling the problem of food waste with the same kind of enterprise resource planning technologies that manufacturers have adopted — and getting results. Stores using Afresh reduce food waste by a quarter compared to peers without the technology, the company said. These stores also see a 40% boost to their produce

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PITCH DECK: Software billing startup Paddle raises $68 million

  • Software billing startup Paddle has raised a $68 million Series C to continue its expansion plans worldwide.
  • Founded in 2012, the company’s latest funding round took place remotely and was led by Silicon Valley fund FTV Capital.
  • “We’ve gone from a land-grab mentality, grow at all costs, to a more sustainable and considered growth plan within the market so we don’t want to just raise for the sake of it,” Paddle CEO Christian Owens told Business Insider.

  • Visit Business Insider’s homepage for more stories.

Software billing startup Paddle has raised a £52 million ($68 million) Series C from investors including FTV Capital, Kindred Capital, Notion Capital, and 83North. 

Founded in 2012 by Christian Owens and Harrison Rose when they were just teenagers, Paddle has raised £72 million ($93 million) to-date. Owens dropped out of school to focus on the startup, and neither cofounder went to university.

The company essentially makes

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Paddle raises $68 million to help SaaS companies sell software globally

Paddle, a platform that helps software-as-a-service (SaaS) companies grow globally by taking care of payments, checkout, subscription management, and licensing, has raised $68 million in a series C round of funding led by FTV Capital.

The raise comes in what can only be described as a blockbuster year for SaaS companies, powered substantially by the push to cloud computing and the rapid embrace of remote working. Recent Gartner data indicates that the SaaS market is on track to hit $105 billion in 2020, a figure it projects to rise by 18% in 2021.

Founded out of London in 2012, Paddle’s core raison d’être is to enable subscription-based software companies to focus entirely on building their product by spending less time on the billing and back-end side of things. Instead of piecing together various components from third-party providers, SaaS companies can use Paddle as a single platform through which they can

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Hover raises $60 million to streamline home inspections with computer vision

Hover, a startup developing AI-powered apps that create 3D models of homes from smartphone photos, today raised $60 million. The 200-employee company says the proceeds will be used to deepen existing relationships with insurance carriers as Hover expands its product offerings.

In 2017, 6.26% of insured homes experienced a claim, compared to just 4.87% in 2014. Usually, homeowners need to be present at the time of the interior home inspection, and inspections can take between 30 and 90 minutes depending a home and the size of the property.

Hover, which was founded in 2011 by Ross Hangebrauck and former Intel engineer and U.S. Marine Corps veteran A.J. Altman, leverages cloud-hosted computer vision algorithms to generate 3D models with as few as eight pictures taken from different angles. Hover’s tools allow homeowners and contractors to extract measurements in PDF or Excel format and to visualize different products, colors, and materials

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Computer Vision Company Chooch AI Closes $20 Million Series A Round with Vickers Venture …

SAN FRANCISCO, Nov. 16, 2020 (GLOBE NEWSWIRE) — chooch.ai, a computer vision AI platform, today announced their Series A round led by venture capital firm Vickers Venture Partners with additional institutional funding from 212, Streamlined Ventures, Alumni Ventures Group, Waterman Ventures and others. Chooch replicates human visual tasks and processes using a complete computer vision deployment process across a wide variety of industries. The proprietary technology has been deployed at scale for enterprise applications including geospatial, healthcare, security, media, industrial and retail. Clients include Fortune 500 companies and the US Government. This series A Growth round will serve to build out the strategic engineering team, top data scientists, and the creation of a global sales force.

Chooch AI is a member of the NVIDIA Inception and Metropolis programs and can be mass deployed on GPU-powered edge devices and PCs. Chooch AI allows remote management of AI models, devices and

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Cycle Computer Market utilization Size Soaring at 6.4% CAGR to Reach 332.3 million USD by 2025

The MarketWatch News Department was not involved in the creation of this content.

Nov 17, 2020 (Market Insight Reports) —
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The global Cycle Computer market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 6.4% in the forecast period of 2020 to 2025 and will expected to reach 332.3 million by 2025, from 259.2 million in 2019.

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The Cycle Computer market

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FMC raises $20 million to mass-produce ferroelectric computer memory

The Ferroelectric Memory Company (FMC), a startup developing ferroelectric memory technologies, raised $20 million to fund its international expansion to U.S. and Asian markets and accelerate commercialization of its products for AI, internet of things (IoT), edge, and datacenter applications. The company credits “strong interest” from companies for the capital infusion, including “major” semiconductor manufacturers as well as foundries in Europe.

Ferroelectric memory is random-access memory similar in design to existing memory but with a ferroelectric instead of dielectric layer. (Dielectrics are electrical insulators that can be polarized by an applied electric field, while ferroelectrics have a spontaneous polarization that can be reversed.) Ferroelectric memory has disadvantages in its lower storage densities, storage capacity limitations, and higher manufacturing costs, but it requires less power and boasts faster write performance as well as a much greater maximum read/write endurance.

For its memory chips, FMC uses a material called crystalline hafnium oxide

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Software vendor says data breach exposed nearly 28 million Texas driver’s license records

a close up of a flag: Software vendor says data breach exposed nearly 28 million Texas driver's license records

© Getty Images
Software vendor says data breach exposed nearly 28 million Texas driver’s license records

A software company that provides services for insurance groups disclosed this week that about 27.7 million Texas driver’s license records were exposed in a data breach earlier this year.

The company, Vertafore, said in a statement posted on a website set up to address the breach that the data was exposed between March and August and affected licenses issued before February 2019.

Exposed data included driver’s license numbers, addresses, dates of birth and vehicle registration history, according to the company. The group said that no Social Security numbers or financial account information were compromised.


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The breach happened after three files were accessed by an unauthorized user after the files were “inadvertently stored in an unsecured external storage service,” Vertafore said in its statement.

“Immediately upon becoming aware of the issue, Vertafore secured

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