The
#AIEye: Avnet (Nasdaq: $AVT) Launching MaaXBoard Single Board Computer to
Leverage #AI at the Edge and Datametrex (TSXV: $DM.V) Scores $40K Contract with
US Air Force
AI
& SaaS Firm Coveo Raises $227 Million in Investment Round
Point Roberts WA, Vancouver BC – November 12, 2019 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The AI Eye- watching stock news, deal
tracker and advancements in artificial intelligence.
Listen
to the podcast :
Read
this in full at https://www.investorideas.com/news/2019/artificial-intelligence/11121AIEye-AVT-DM.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:AVT) (TSXV:DM)
Avnet, Inc. (NasdaqGS:AVT) has unveiled a low-cost, production-ready
qualified single board computer called MaaXBoard, described in the press
release as being “ideal for embedded computing and applications that leverage
AI at the edge”. Jim Beneke, vice president of products and emerging
technologies, Avnet, explained:
“Developers
are looking for the right combination of feature sets, efficiency and
cost-effectiveness. This new single-board computer gives our customers an ideal
balance of these qualities to accelerate their applications for embedded
computing and AI at the edge. It’s the latest addition to our complete
end-to-end product ecosystem for our customers to develop their devices for
scale.”
Datametrex AI Limited (TSXV:DM) has been awarded a $40,000 contract for the United
States Air Force, which will see the firm collaborate with researchers at the
Air Force Research Laboratory Airman Systems directorate. Marshall Gunter, CEO
of Datametrex, commented:
“This
is a huge milestone for Datametrex and Nexalogy. We were granted approved
vendor status to the US Government back in January of this year. Since then,
our team has been working diligently with various organizations in the US and
we are thrilled to announce this first contract. Datametrex will continue to
establish itself as a trusted solution provider and look to expand within the
US military departments.”
AI
& SaaS Firm Coveo Raises $227 Million in Investment Round
Canadian AI and SaaS firm Coveo has raised $227 million in an investment fund led by
OMERS Growth Equity, according to a company news release. Louis Tetu, CEO and
Chairman of Coveo, commented:
“Companies
from Formica to Tableau see us as a key platform to meet the challenges of
doing business in today’s data-driven AI-takes-all economy. We believe that to
serve a million people you need to deliver a million unique experiences. We
help businesses globally become digital experience leaders and compete against
digital giants, using data and AI to deliver the personalized, predictive and
profitable experiences expected in today’s market.
Mark Shulgan, Managing Director and Head of Growth
Equity at OMERS, said:
“We
believe that Coveo is the market leader in leveraging data and AI to
personalize at scale. Coveo fits our investment thesis precisely: an A-plus
leadership team with deep expertise in enterprise SaaS, a Fortune 1000 customer
base who deeply love the product, and a track record of high growth in a market
worth over $100 billion. This makes Coveo a highly-coveted asset. We are glad
to be partnering to scale this business.”
Sam
Mowers, Investorideas.com
For a list of
artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member
About Investorideas.com - News
that Inspires Big Investing Ideas Investorideas.com
is a recognized news source publishing third party news, research and original
financial content. Learn about investing in stocks and sector trends with our
news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech,
water, renewable energy and more. Investor Idea’s original branded content
includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis
News and Stocks on the Move podcast and column, Cleantech and Climate Change , Exploring Mining the AI Eye .
The
Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com,
iHeartRadio and Google Play Music.
Visit the Podcast
page at Investorideas.com:
Disclaimer/Disclosure: Investorideas.com
is a digital publisher of third party sourced news, articles and equity
research as well as creates original content, including video, interviews and
articles. Original content created by investorideas is protected by copyright
laws other than syndication rights. Our site does not make recommendations for
purchases or sale of stocks, services or products. Nothing on our sites should
be construed as an offer or solicitation to buy or sell products or securities.
All investing involves risk and possible losses. This site is currently
compensated for news publication and distribution, social media and marketing,
content creation and more. Disclosure is posted for each compensated news
release, content published /created if required but otherwise the news was not
compensated for and was published for the sole interest of our readers and
followers. Contact management and IR of each company directly regarding
specific questions.
More
disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more
about publishing your news release and our other news services on the
Investorideas.com newswire https://www.investorideas.com/News-Upload/ and
tickertagstocknews.com
Global
investors must adhere to regulations of each country. Please read
Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
The AI Eye- Watching stock
news, deal tracker and advancements in artificial intelligence is an
original content brand of Investorideas.com
Contact
Investorideas.com
800
665 0411
No comments:
Post a Comment