Who's investing in technology and startups that promise better human and planetary health? Here's a definitive who's-who of top climate tech VCs, angels and more.
The Indian neobank has acquired Index, a startup backed by VC accelerator SOSV Investments.
Magisto is a mobile video editing software that is used for performing tasks like automated video editing and storytelling which pays attention to enterprises as well as consumers/users.It was not the first video editing software in this domain but surely with powerful AI-powered technology, Magisto did make a significant difference.Photo and video editing app like Magisto was first founded in the year 2009 as SightEra by Dr. Oren Boiman (CEO) and Dr Alex Rav-Acha (CTO).The app was launched with the intention to make the video editing process a simple task replacing the old-school form of time-consuming form of video editing.This video editing app received funding of $5.5 million in 2010 from Horizons Ventures and Magma Ventures Partners.Further, with the launch of the Magisto app on 20th September 2011, the app received an overwhelming response from the market.Within the two years of launch, this best photo and video editing app reached 5 million users worldwide.In 2014, the organization reported reaching 20 million customers gaining 2 million new customers each month.The company was acquired by Vimeo for an estimated 200 million USD in 2019.
Horizon Ventures has partnered with Alpha JWC to identify startups that could become the next largest company in the region.
Main Sequence, the venture firm founded by Australia’s national science agency, announced today a new $250 million AUD (about $194.3 million USD) fund to invest in deep tech startups. This is Main Sequence’s second fund and its oversubscribed raise included returning investors Horizons Ventures, Hostplus, Lockheed Martin, Temasek, private investors from Morgan Stanley Wealth Management […]
Ajaib claims that the total amount makes it the largest series A round in Southeast Asia.
Ajaib, the Indonesian investment app, has added $65 million to its Series A, bringing the round’s new total to $90 million. The extension was led by Ribbit Capital, the fintech investor that also led Robinhood’s $3.4 billion funding last month. Ajaib is Ribbit Capital’s first investment in Southeast Asia. The extension will be used to […]
The fresh capital will be used to expand Ajaib’s technology infrastructure, recruit engineering talent, and deepen its product offerings.
Venture capital deals are slowing because of the pandemic, but enterprise IT is expected to be more insulated from that trend than other industries. Using data from PitchBook, Business Insider compiled a list of 19 enterprise technology startups that have raised funding during the crisis. Fresh funding isn't always a sign that a startup is thriving, though: Some of the startups on the list kept a flat valuation between funding rounds, or even raised a "down round," which means they raised money at a lower valuation than they previously held.  Visit Business Insider's homepage for more stories. While venture capital deals have slowed during the economic downtown, the pandemic is actually making it easier for some startups to raise money. Enterprise technology firms, like cybersecurity software startup Auth0, are finding themselves beneficiaries of the shift to remote work. "There are some tailwinds for us because of the pandemic," said Eugenio Pace, CEO of Auth0, which raised $120 million at a nearly $2 billion valuation in July. "It's very unfortunate that it's happening, but it's happening, and one of the side effects is that all of these projects of improving the digital experience of customers have accelerated." Investors have predicted that funding will be harder to come by for startups over the next year, but the enterprise IT industry is expected to be more insulated from that trend — particularly those startups focused on making remote work possible. Bill Richter, CEO of hybrid cloud storage startup Qumulo, said his company's recent $125 million funding round, which doubled its valuation, is an example that there will always be capital available to startups that are solving real problems, regardless of the economic cycle. "These global crises create a lot of change," said Richter, who's also a venture partner at Seattle's Madrona Venture Group. "And any time there's change, there ends up being a set of winners and losers through that process." Business Insider compiled a list of 19 enterprise technology startups that have raised funding amid the pandemic using data from venture capital database PitchBook. We targeted startups that have disclosed valuations and closed a funding round since March, and defined "enterprise technology" fairly broadly as startups that sell technology to other companies. Collectively, they raised around $3.6 billion.  Funding itself isn't always a sign that a startup is thriving, though. At least one startup on this list raised at a lower valuation, while others had a flat valuation between rounds. Some did not respond to whether they raised money at a higher valuation than previous rounds, as noted below.SEE ALSO: Meet the 54 most valuable enterprise tech startups, worth as much as $216 billion collectively Stripe: $600 million in April Headquarters: San Francisco, California Year founded: 2009 Valuation: $36 billion Total raised to date: $1.89 billion as of April 2020 Latest round: Series G Investors: Sequoia Capital, General Catalyst, Novator Partners, Andreessen Horowitz, and GV Employees: 2,500 as of May 2020 What it does: Stripe builds a digital payments platform used by companies including Airbnb, Amazon, and Target. Cofounder and president John Collison recently spoke to Business Insider about raising $600 million amid the pandemic, and signing new customers like Mattel and NBC. The $600 million Stripe raised in April was an extension of the Series G round that it began in September 2019 with $250 million, bringing the total raised to $850 million. Stripe confirmed the April extension was raised at the same valuation as the September funding. Source: PitchBook Samsara: $400 million in May (down-round) Headquarters: San Francisco, California Year founded: 2015 Valuation: $5.4 billion Total raised to date: $930 million Latest round: Series F Investors: Warburg Pincus, Sands Capital Management, General Atlantic, General Catalyst, Andreessen Horowitz, AllianceBernstein, Tiger Global Management, Dragoneer Investment Group, and Franklin Templeton Investments United Kingdom. Employees: 1,350 as of July 2020 What it does: Samsara builds sensors and cloud software for so-called "Internet of Things" connected devices and applications. While the startup is still one of the most valuable in the enterprise technology market, it's faced recent challenges. Samsara laid off 300 employees and raised $400 million at a lower valuation in May, citing the economic crisis caused by the pandemic (the company was previously valued at more than $6 billion). A spokesperson said the latest round would "ensure we can operate sustainably and reach full profitability, even under the worst case economic conditions or if a recession lasts for years." PitchBook lists Samara's Series F as $700 million, but that's because April's funding was an extension of the round in which it initially raised $300 million back in September. Source: PitchBook Cohesity: $250 million in April Headquarters: San Jose, California Year founded: 2013 Valuation: $2.5 billion Total raised: $661 million as of April 2020 Latest round: Series E Investors: Oryx Ventures, Hewlett Packard Pathfinder, Sozo Ventures, Private Access Network, Baillie Gifford, SoftBank Investment Advisers, Wing Venture Capital, Greenspring Associates, Foundation Capital, DFJ Growth, Sequoia Capital, Cisco Investments Employees: 1,300 as of May 2020 What it does: Cohesity builds a platform for storing and managing company data. The company did not respond to a request about whether its latest round was raised at a higher valuation than its previous round, or when it began raising the funding. Source: PitchBook Confluent: $250 million in April Headquarters: Mountain View, California Year founded: 2014 Valuation: $4.5 billion  Total raised: $456 million  Latest round: Series E Investors: Franklin Templeton Investments, Altimeter Capital Management, Coatue Management, Index Ventures, Sequoia Capital Employees: 1,000 What it does: Known for what industry insiders refers to as "event streaming" software, Confluent pulls in real-time data from various silos across an organization into a central location so it can be used to inform decision-making. For example, a customer could tap its technology to monitor the success of an advertising campaign by analyzing sources like social media posts and inventory numbers. It's based upon Apache Kafkaan, an open-source platform that CEO Jay Kreps helped create while at LinkedIn.   Source: PitchBook Carta: $210 million in June Headquarters: Palo Alto, California  Year founded: 2014 Valuation: $3.28 billion  Total raised: $629 million  Latest round: Series F Investors: Tribe Capital, Finsight Ventures, Premji Invest, Lightspeed Venture Partners Employees: 600 What it does: Carta helps startups and their employees manage equity, but is striving to create what CEO Henry Ward calls a "stock market for private companies." The platform is used by over 11,000 companies and 143 venture capital firms, according to Carta. It laid off 161 people in April.  The company has recently faced scrutiny after a lawsuit accused it of underpaying and retaliating against its sole female executive.  Source: PitchBook   QuantumScape: $200 million in June Headquarters: San Jose, California Year founded: 2010 Valuation: $2.3 billion Total raised to date: $196.27 million as of June 2020 Latest round: Series F Investors: Breakthrough Energy Ventures, Volkswagen, Capricorn Investment Group  Employees: 34 as of October 2019 What it does: QuantumScape develops non-lithium battery technology that increases longevity and shortens charging times for electric cars. The German carmaker Volkswagen recently increased its stake in the company by $200 million. The company did not respond to a request about when it started the round or whether it was raised at a higher valuation than its previous round. Source: PitchBook Asapp: $185 million in May Headquarters: New York, New York Year founded: 2014 Valuation: $835 million Total raised: $260 million  Latest round: Series B Investors: Joe Tucci, Telstra Ventures, Vast Ventures, March Capital Partners, HOF Capital, John Chambers, Euclidean Capital, Emergence Capital Partners, John Doerr Employees: 337 What it does: ASAPP helps corporations manage their call centers by providing agents with automated responses, a full history of every customer interaction with the company, regardless of medium, and other tools.   Source: PitchBook     Postman: $150 million in June Headquarters: San Francisco, California Year founded: 2014 Valuation: $2 billion Total raised: $208 million as of June 2020 Latest round: Series E Investors: Franklin Templeton Investments, Altimeter Capital Management, Coatue Management, Index Ventures, and Sequoia Capital. Employees: 250 as of June 2020 What it does: Postman builds a collaboration platform offering application programming interfaces (APIs). Microsoft, Twitter, and Cisco all use the platform.  The round began in the second quarter of this year, when Postman CEO and cofounder Abhinav Asthana was approached by investors, according to the company, and the round stepped up its valuation. Source: PitchBook Procore: $150 million in April Headquarters: Carpinteria, California Year founded: 2003 Valuation: $4.85 billion Total raised: $640 million as of April 2020 Latest round: Series I Investors: D1 Capital Partners and Bessemer Venture Partners Employees: 1,911 as of December 2019 What it does: Procore builds construction management software intended to simplify everyday tasks for construction workers, like creating job site schedules. Procore had plans to go public, according to Bloomberg, but has postponed those plans and instead completed a $150 million funding round in April. A spokesperson said Procore raised the funding at the same valuation as its last funding round in late 2019. Source: PitchBook Brex: $150 million in May Headquarters: San Francisco, California  Year founded: 2017 Valuation: $2.75 billion Total raised: $465 million  Latest round: Series C Investors: Lone Pine Capital, Next Play Ventures, DST Global Employees: Around 400 What it does: Brex offers a credit card tailored for startups that may face difficulty getting credit from traditional banks. And unlike most legacy financial institutions that lend based on credit history, the company bases its decision on factors like who is investing in the firm and prior spending habits.  Source: PitchBook Tanium: $150 million in June Headquarters: Emeryville, California Year founded: 2007 Valuation: $9 billion Total raised: $837.08 million as of June 2020 Latest round: Series H Investors: Salesforce Ventures Employees: 1,500 as of April 2020 What it does: Tanium is a cybersecurity firm that works to make companies more secure by protecting so-called "endpoints," like desktops, laptops, and mobile devices. Salesforce signed a deal with Tanium in February to keep company information secure during the shift to remote work, which raised Tanium's valuation to $9 billion. A spokesperson said there was no start date to the funding round because the partnership with Salesforce evolved over time. Source: PitchBook Qumulo: $125 million in July Headquarters: Seattle, Washington Year founded: 2012 Valuation: $1.2 billion Total raised: $363.01 million as of July 2020 Latest round: Series E Investors: Kleiner Perkins, BlackRock Private Equity Partners, Madrona Venture Group, Amity Ventures, and Highland Capital Partners. Employees: 315 as of July 2020 What it does: Qumulo is a hybrid cloud storage startup that helps customers manage data inside their own data centers and the cloud. Qumulo more than doubled its valuation in a recent funding round and told Business Insider it shows how investors are betting big on digital transformation amid the pandemic. The round started in April and closed in July. Source: PitchBook Podium: $125 million in April Headquarters: Lehi, Utah Year founded: 2014 Valuation: $1.45 billion Total raised: $221.89 million as of April 2020 Latest round: Series C Investors: Album VC, Summit Partners, Recruit Strategic Partners, Sapphire Ventures, Y Combinator, Alkeon Capital Management, Accel, GV, and IVP. Employees: 750 employees as of June 2020 What it does: Podium builds a platform to makes it easier for a local business to communicate with customers, via email or text, as Business Insider's Ben Pimentel writes. It can help companies ask customers to post a review on most of the popular review sites, such as Google. Source: PitchBook and CB Insights States Title: $123 million in May Headquarters: San Francisco, California Year founded: 2016 Valuation: $623 million Total raised to date: $158.22 million as of May 2020 Latest round: Series C Investors: Horizons Ventures, Bloomberg Beta, Hudson Structured Capital Management, Fifth Wall, Greenspring Associates, Assurant Growth Investing, Scor, Foundation Capital, Lennar, Eminence Capital  Employees: 1,000 as of May 2020 What it does: States Title is an insur-tech platform to make the process of buying and selling homes more efficient through machine learning. In a press release, CEO Max Simkoff said, "We are witnessing an unprecedented shift in the structural foundation of the real estate industry, and this new funding will allow States Title to provide enhanced support for lenders, real estate agents, and homeowners." The company did not respond to a request about when it started the round or whether it was raised at a higher valuation than its previous round. Source: PitchBook NS8: $123 million in June Headquarters: San Francisco, California Year founded: 2016 Valuation: $436.38 million Total raised to date: $158.22 million as of May 2020 Latest round: Series A Investors: Lightspeed Venture Partners, AXA Venture Partners  Employees: 225 as of July 2020 What it does: NS8 is a fraud prevention platform that works with ecommerce businesses. In a press release about the new round of funding, NS8 said its year-over-year growth was 200%. NS8 declined to disclose information about its valuation prior to this Series A round. Source: PitchBook Auth0: $120 million in July Headquarters: Bellevue, Washington Year founded: 2013 Valuation: $1.92 billion Total raised: $333.47 million as of July 2020 Latest round: Series F Investors: Telstra Ventures, Trinity Ventures, Sapphire Ventures, Salesforce Ventures, Bessemer Venture Partners, Meritech Capital Partners, K9 Ventures, DTCP, and World Innovation Lab Employees: 700 as of July 2020 What it does: Auth0 is a cybersecurity software startup that manages user authentication and secures the login pages for large consumer and enterprise businesses. The company funding round started and closed within the month of June, a spokesperson said. Source: PitchBook VAST Data: $100 million in April Headquarters: New York, New York Year founded: 2016 Valuation: $1.2 billion Total raised: $180 million as of April 2020 Latest round: Series C Investors: Greenfield Partners (Israel), Next47, Goldman Sachs Private Ventures, 83North, Dell Technologies Capital, Commonfund, Mellanox Capital, and Norwest Venture Partners. Employees: 145 as of April 2020 What it does: VAST Data builds a storage solution intended to make it easier for companies to quickly and continuously analyze large sets of information. A company spokesperson said the funding round essentially began in February after it received "unsolicited interest" from investors. The funding round nearly tripled VAST Data's valuation, the spokesperson said. Source: PitchBook Fivetran: $100 million in June Headquarters: Oakland, California Year founded: 2012 Valuation: $1.2 billion Total raised: $163.12 million as of June 2020 Latest round: Series C Investors: Matrix Partners, CEAS Investments, General Catalyst, Andreessen Horowitz Employees: 350 as of June 2020 What it does: FiveTran builds a platform that brings together all of a company's data into a single dashboard. A company spokesperson said Fivetran started raising on May 26 and closed the round in about a week, and confirmed it was at a higher valuation than the company's previous round. Source: PitchBook DNAnexus: $100 million in June Headquarters: Mountain View, California Year founded: 2009 Valuation: $194.7 million Total raised to date: $295.73 million as of June 2020 Latest round: Series G Investors: Northpond Ventures, TPG Growth, Perceptive Advisors, Foresite Capital Management, Regeneron Pharmaceuticals, First Round Capital, GV Employees: 150 as of June 2020  What it does: DNAnexus is a cloud data analytics platform that works closely with pharmaceutical companies and colleges to access DNA data. The Series G marks the most money DNAnexus has received at once. The company did not respond to a request about when it started the round or whether it was raised at a higher valuation than its previous round. Source: PitchBook
The Los Angeles-based gaming company, Scopely is expanding its geographical footprint in Spain and Ireland.The company is building out its Barcelona offices tripling its office space and planning to significantly expand its 100-person-strong team in the city.Meanwhile, Scopely is also planning to invest heavily in expanding its strategy-focused game studio, DIGIT, in Dublin.Scopely didn’t say how many jobs it would be adding in either location.The company has now hit lifetime revenue of over $1 billion across its franchises and recently launched “Star Trek Fleet Command” and “Looney Tunes World of Mayhem”.Scopely also has licenses to develop games for World Wrestling Entertainment and The Walking Dead franchise.
The chief executive officer of Demetrix studied yeast genetics and biochemistry in school and was an early employee at Amyris Biotechnologies, a technology company that was using fermentation to make biofuels back in the early days of the first clean technology boom back in 2008.Now, the same technology that Ubersax and Jay Keasling, the celebrated professor from the University of California at Berkeley who co-founded Amyris and Demetrix, used to make biofuels is being applied to the production of cannabis.The company launched with an $11 million seed round led by Horizons Ventures, a Hong Kong-based investment fund backed by the multi-billionaire real estate mogul Li Ka-shing, to begin commercializing the technology that Keasling had been researching in his lab.The goal was to refine a process that would enable yeasts to make a range of cannabinoids that are found in the marijuana plant which could be used to develop new pharmaceuticals, additives and supplements for use in clinical and consumer applications.The technology works much the same way as brewing beer.Except instead of fermenting to produce alcohol, the fermentation process produces cannabinoids from genetically modified yeast cells.
With skyrocketing demand for consumer products and renewed research into its medicinal value, cannabis is having a moment.The quasi-legalization of marijuana created a gold rush for into the industry and startups like Demetrix are reaping the benefits.The company, founded by the famed U.C.Berkeley researcher Jay Keasling and helmed by former Amyris executive Jeff Ubersax, just raised $50 million in a new round of financing to continue its pursuit of isolating and brewing cannabinoids, the active chemical ingredients in the marijuana plant.The money came from previous investor Horizons Ventures, the Hong Kong-based firm backed by real estate billionaire Li Kashing, and Tuatara Capital, a fund which invests in the legal cannabis industry.The idea of using yeast to brew cannabinoids isn’t a new one and there are several companies active in the space.
Indian digital banking startup Niyo Solutions has raised US$35 million in a series B fundraise, from Hong Kong’s Horizons Ventures and China’s Tencent Holdings as well as existing backer JS Capital, an investment platform based in Israel, Livemint reported.Niyo plans to use the proceeds to accelerate the development and roll-out of products, to expand distribution and marketing, and to start exploring opportunities to enter overseas markets.The startup has raised a total of US$49 million with the latest round.
NiYo Solutions, a Bangalore-based ‘neo-bank’ that helps salaried employees access company benefits and other financial services, has raised $35 million in a new round to expand its business in the nation and explore international markets for some of its products.The four-year-old startup, which serves small and medium businesses and other salaried employees across India, raised its Series B from Horizons Ventures, Tencent and existing investor JS Capital.It has raised $49.2 million to date, with its $13.2 million Series A closing in January last year.NiYO Solutions serves as a ‘neo-bank’ that relies on traditional financial institutions (Yes Bank and DCB banks, in its case) and offers additional features such as lending and insurance to customers.Blue collared salaried employees in India continue to struggle to avail many crucial financial services that have been typically reserved for privileged segment by the banks.With Bharat Payroll Solution and other products, NiYO is trying to drive financial inclusion in the country, it said.
A Californian probiotics developer backed by tycoons Li Ka-shing and Bill Gates will launch a dietary product it claims can strengthen infants’ immune system in Hong Kong and Singapore on Tuesday.Evivo, an activated form of the intestinal bacteria Bifidobacterium infantis, has been mixed with breast milk and fed to “tens of thousands” of babies in the US it was launched two years ago, according to Evolve CEO Timothy Brown.The company has chosen the two cities – among the richest in Asia – as the regional launchpads for its first foray outside its home market.It aims to address the autoimmune health challenges that have arisen in the region in the past few decades, such as eczema and allergies, which have coincided with the rise of formula feeding, C-section deliveries and excessive use of antibiotics.“By restructuring the microbiome, we can reestablish a proper immune system.”Evolve raised US$40 million of private equity funding last summer led by the Bill & Melinda Gates Foundation and Horizons Ventures, the investment arm of the Li Ka Shing Foundation.
It’s often said that the dramatic fall of crypto prices last year ushered in a new era for technology-focused startups in the blockchain space, and the same argument can be made for the venture capitalists who fund them.The fund is led by trio Phil Chen, who created HTC’s Vive VR headset and is currently developing its Exodus blockchain phone (he spent time as a VC with Horizons Ventures in between), Edith Yeung, who previously headed up mobile for 500 Startups, and Chris McCann, a Thiel Fellow whose last role was head of community for U.S. VC firm Greylock Partners.The firm — and you have to give them credit for the name — has an LP base that is anchored by HTC — no big surprise there given the connections — alongside YouTube co-founder Steve Chen, Taiwan-based Formosa Plastics, Ripple’s former chief risk officer Greg Kidd (who is also a prolific crypto investor) and a number of undisclosed family offices.“For HTC, it’s obvious, they already have a product to go with it,” Yeung told TechCrunch in an interview, referencing the fact that HTC is keen to invest in blockchain services and startups to build an ecosystem for its play.The fund also includes a partnership with HTC which, slightly hazy on paper, will essentially open the possibility for Proof of Capital portfolio companies to work with HTC directly to develop services or products for Exodus and potentially other HTC blockchain ventures.But other LPs are also keen to dip their toes in the water in different ways.
Today, Proof of Capital announced a $50 million VC fund to invest in blockchain technologies using the decentralized, transparent, and secure technology behind cryptocurrencies and other innovations.The fund’s mission is to build an internet ecosystem that belongs to everyone and ushers in worldwide adoption of blockchain technology.Proof of Capital was cofounded by Phil Chen (one of the creators of the HTC Vive virtual reality headset and a former partner at Horizons Ventures, currently at HTC Exodus).Cofounders include Chris McCann, formerly of Greylock Partners, and Edith Yeung, advisor to 500 Startups.“The architecture and security of Web 3.0 needs close collaboration between both hardware and software builders, with HTC’s Exodus taking a leading role — starting with a Secure Enclave within the phone,” Chen said in a statement.“Proof of Capital will work closely with HTC to define the standards and interactions for this new internet and bring mobile and hardware know-how for our portfolio companies.
Vimeo, the IAC -owned platform for hosting, sharing and monetizing streamed video, has made an acquisition to expand into providing more creation and editing tools.The company has acquired Magisto, a startup founded in Israel that currently has over 100 million users that focuses on providing tools to create and edit short-form videos, providing not just editing but sourcing of music, stock photos and other elements as part of the mix.Vimeo — which itself has 90 million members in over 150 countries — says that the two will work together “to develop entirely new short-form video creation capabilities for the Vimeo platform, with the goal of helping any individual or business tell their stories with professionalism and ease.”Terms of the deal were not disclosed — but we are trying to find out.Magisto had raised around $23 million since 2010 from a mix of financial and strategic investors.The list includes Magma Venture Parnters, Horizons Ventures, Kreos Capital, Qualcomm, SanDisk and the Mail.Ru Group.
Trint, the London-based translation startup co-founded by Emmy-winning journalist Jeff Kofman, has raised $4.5 million in Series A funding.The round includes follow-on investment from Horizons Lab, the Hong Kong-based seed fund operated by the managers of Horizons Ventures, with participation from TechNexus, and The Associated Press.It brings total funding for Trint to $7.8 million since the company’s founding in December 2014.Original backers include Google Digital News Innovation Fund and the Knight Enterprise Fund.Counting some of the world’s largest media organizations as customers — including The Associated Press, Vice News, The Washington Post, and Der Spiegel — Trint uses machine learning and speech-to-text technology to automate transcribing, which is a significant pain-point for journalists and other content producers, such as video makers.The web-based software also combines an audio/video player and text editor, with the outputted transcription synced to the audio player’s playhead.
Automotive AI startup Teraki today announced it has raised $2.3 million in additional funding for its mission to provide breakthrough AI and edge data processing software to meet the exploding data demands of the $395 billion automotive electronics industry.The latest backing for the technology platform, which brings a more than tenfold increase in efficiency to the components used in automotive electronics, comes from Hong Kong-based Horizons Ventures and American Family Ventures.“Data driven insights will be key to innovation in the automotive and automotive insurance sectors, as a result, capturing highly accurate information from cars is the basis needed to drive to these insights.We are excited to support the growth of the company and its path towards enabling better insurance applications,” says Katelyn Johnson, principal at American Family Ventures.When embedded in automotive electronic systems, the software enables hardware to process more than 10 times more data without loss of information to train and run machine learning methods of customers.Teraki’s deterministic technology is compatible with AI and conforms to standards for safety related applications.