Day: 4 April 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 pkim@rosenlegal.com or cases@rosenlegal.com 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
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
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
diane@smiroldocommunications.com
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
lisa.rumsfeld@vytelle.com

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
skovalsky@uspagl.com
+001.561.790.8036

Shannon Stilson
VP, Sports Marketing & Media
sstilson@uspagl.com
+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
fbc@bio.mx
+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: press@temenos.com

أليستير كيلي
اس اي سي نيوجايت نيابة عن تيمينوس
الهاتف: ‎6550 7680 20 44+
البريد الإلكتروني: allnewgatetemenos@secnewgate.co.uk

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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.

Media Enquiries 
C: Stephanie Crisp, Associate Director and Media Strategist, Fight or Flight
E: Quantexa@fightflight.co.uk

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
– or –
RapidResponse@quantexa.com

GlobeNewswire Distribution ID 1000802066

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Israel places Jerusalemite youth under house arrest

Israeli authorities have Tuesday placed a Palestinian youth from the occupied city of Jerusalem under house arrest as a condition for his release.

WAFA correspondent said that the Israeli authorities placed Rouhi Kalghasi under house arrest and prevented him from entering al-Aqsa mosque or using social media platforms until next Sunday.

Source: Palestine news & Information Agency

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Israeli settlers set up new outpost near Jericho

Israeli settlers Sunday set up a new outpost near the area of Nab’ al-Aouja, north of the occupied West Bank city of Jericho.

Hasan Maleehat, from Al-Baidar Organization for Bedouin Rights, told WAFA that the fanatic settlers set up a mobile house and a water tank at the top of a nearby mountain in the area, opened a road leading to them, in preparation to seizing the lands in the area.

He added that the Nab’ al-Aouja Bedouin community is repeatedly targeted by Israeli forces and settlers, who aim to seize land and water resources in favor of settlements.

Source: Palestine news & Information Agency

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Palestinian injured in Israeli settlers’ assault near Hebron

A Palestinian shepherd was Tuesday injured after he was assaulted by Israeli settlers near the occupied West Bank city of Hebron.

Fouad al-Amour, an activist, said that settlers from the illegal Israeli settlement of Tzkhar Man, which was recently established between the settlements of Ma’on and Carmel, assaulted a number of Palestinian shepherds, injuring Yousef Elayyan in his foot.

Elayyan was taken to a hospital in Yatta.

Meanwhile, settlers prevented shepherds from graving their livestock and forced them out of their lands.

Source: Palestine news & Information Agency

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UNHRC adopts two resolutions on Palestinian people’s rights, Israeli colonial settlements

The United Nations Human Rights Council (UNHRC) today adopted two resolutions on the Palestinian people’s inalienable rights and Israeli colonial settlements.

In its 52nd session convened in Geneva and under agenda item 7, UNHRC adopted by an overwhelming majority draft resolution A/HRC/52/L.32 on the inalienable, permanent and unqualified right of the Palestinian people to self-determination, including their right to live in freedom, justice and dignity and the right to their independent.

Forty one UNHRC member states voted in favor of the resolution, three, namely Cameron, Lithuania and Romania abstained, and three others, namely Czechia, the United States of America (USA) and the United Kingdom (UK), voted against it.

UNHRC also adopted by an overwhelming majority draft resolution A/HRC/52/L.42 on the Israeli colonial settlements established since 1967 in the Occupied Palestinian Territory, including East Jerusalem, and in the occupied Syrian Golan.

Thirty eight UNHRC voted in favor of the resolution, five, namely Cameron, Georgia, Lithuania, Romania and Ukraine, abstained and four others, namely Czechia, Malawi, USA and UK, voted against it.

Meanwhile, the Foreign Affairs and Expatriates Ministry thanked all UNHRC member states that voted in favor of the draft resolutions and considered their vote as message to the Israeli fascist government that its crimes would not go unpunished and that the Palestinian people would exercise their inalienable rights, notably the right to self-determination, throughout the territories of the State of Palestine, free of colonial settlements.

It called on all member states to shoulder their responsibilities in terms of exposing Israeli crimes and human rights violations while expressing total rejection of the positions of member states that voted against the draft resolutions, slamming them for continuing to act in a selective manner, applying double-standard policies and being hypocrite in terms of exposing Israeli crimes and holding Israel, the occupying power accountable.

It considered the failure to take tangible steps against Israeli human rights violations and voting against the draft resolutions as a dark stain in the record of such states and as tantamount to aiding, abetting and participation in such crimes as well as an act of sabotage of the law-based international multilateral system.

It further called on the international community to take serious and practical steps to confront Israeli crimes and illegal practices, including confiscation of weapons, enforcement of criminal sanctions and ensuring full accountability for and prevention of all acts of settler terrorism.

It also called them to take other measures to guarantee safety and protection of Palestinian civilians and property and enable the victims of settler violence have access to justice and effective remedies.

It concluded by stressing that the tragic reality imposed by Israel should neither be recognized nor sustained and sanctions should be imposed on Israel’s regime of settler-colonialism and apartheid pending holding it accountable and dismantling it.

Source: Palestine news & Information Agency

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In order to secure entry of Jewish fanatics into Al-Aqsa Mosque, Israeli police restrict entry of Muslims

Israeli police this morning and since last night restricted entry of Muslim worshippers into Al-Aqsa Mosque in Jerusalem’s Old City, a site Muslims seek to hold all day and night prayer vigils during the holy fast month of Ramadan, in order to secure entry of Jewish fanatics into the Muslim holy compound.
Local sources said the police checked the ID cards of people trying to hold the dawn prayers inside the Al-Aqsa Mosque compound and turned back the young ones at its gates.
At the same time, the police forcefully removed all worshippers from the Mosque following the late-night prayers and prevented worshippers from keeping an all-night vigil.
Meanwhile, dozens of Jewish fanatics stormed the holy compound since today’s early hours, walking around its yards and some holding religious rituals in violation of the decades-old status quo that specifically ban non-Muslims from performing any kind of religious ritual inside the walled, 144-dunum holy compound that includes Al-Aqsa Mosque and the Dome of the Rock along with several other prayer buildings.
Muslim officials expressed concern that Jewish fanatics intend to bring in animals to sacrifice inside the compound tomorrow as an offering with the start of the Jewish Passover holiday, a step they warned could spark serious trouble.
The fanatic groups, encouraged by the presence of a far-right Israeli government that includes extremists ministers in key posts, have advertised rewards for anyone who can bring in animal offerings inside the compound to sacrifice for the religious holiday.

Source: Palestine news & Information Agency