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Tuesday, November 12, 2019

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

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  – (, 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.

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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,

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