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Stability AI introduced Stable Zero123, an AI 3D model and image creator

Key Signals in Enterprise Software

Partnerships 
UAE Telco du, Versa Networks forge strategic partnership to supercharge digital transformation
This partnership aims to enhance network security, ensuring secure and streamlined access for businesses. Together, du and Versa Networks want to tackle enterprise and public sector network challenges, driving digital transformation. Read More>>
DeepTek.ai and AiOne Partner to enhance Medical Imaging Analysis in the UK
Their partnership focuses on integrating AI-powered medical imaging solutions for improved diagnostics, streamlined workflows, and enhanced patient care. Read More>>
ONDC, Meta kick-off partnership to support small businesses in India
The partnership aims to empower small businesses in India by enabling seamless conversational experiences on WhatsApp, facilitating digital upskilling, and integrating businesses into the ONDC Network. Read More>>


Executive Movement
Electra Battery Materials Corporation appoints David Allen as its CFO
With over 30 years of experience, including roles at TAAL, Canada Goose, and Anaergia Inc., Allen brings strategic decision-making skills to guide Electra battery supply chain onshoring strategy and finalize financing plans for North America’s facility. Read More>>


New Product Development and Product Launch
Pipedream launches world’s first underground robotic delivery system in partnership with Peachtree Corners
This innovative logistics network aims to provide faster, more efficient, and sustainable delivery options, utilizing autonomous robots and underground infrastructure for improved logistics. Read More>>
Mergers and Acquisitions
Okta set to acquire Spera Security in enhancement of identity threat detection
It aims to bolster identity threat detection and security posture management, addressing prevalent risks like phishing and credential abuse. The move aligns with Okta’s mission to enhance secure identity offerings and strengthen its position in the evolving digital security landscape. Read More>>
Accessibility AI tech developer UserWay acquired by Level Access in a US$ 99 Mn deal
UserWay, known for its advanced digital accessibility solutions, will go private, strengthening its mission to enhance inclusivity in the digital realm. The transaction is set to conclude in early 2024. Read More>>

Key Signals in Consumer Software

Partnerships
Medius partners with UK VARs specializing in ERP software to enhance Accounts Payable automation
The aim is to provide customers with easy integration, accurate financial information, and streamlined financial processes. Read More>>
Executive Movement
Fluent appoints Sean Carroll as New Chief Executive Officer
Carroll, former Arcadia Solutions CEO. brings extensive experience in healthcare data and analytics, aiming to lead Fluent’s growth with technological expertise. Read More>>


Mergers and Acquisitions
Microsoft boosts Mobile Presence with Activision Blizzard acquisition and OpenAI investment
Microsoft’s acquisition of Activision Blizzard aims to bolster its presence in the consumer software market, particularly mobile gaming. This strategic move positions Microsoft to compete with Apple and Google in the mobile space. Read More>>
New Product Development and Product Launch
Stability AI introduced Stable Zero123, an AI 3D model and image creator
This innovative tool utilizes Score Distillation Sampling to convert 2D images into immersive 3D content and is set to revolutionize consumer experiences in video, gaming, and design. Read More>>

Latest Industry Insights from Draup Braindesk

Genesys Account Intelligence Report

Key Funding Alert

Livein secures US$ 8.3 Mn in Pre-Series B funding to accelerate regional expansion
The company aims to enhance its proptech services, focusing on consumer-oriented software solutions. Led by Wavemaker Partners and InterVest, the investment aims to drive innovation, expand offerings, and establish a strong presence in Southeast Asia’s housing market. Read More>>

Latest Reports Published in Draup

Microsoft India – Account Intelligence Report
Microsoft India’s recent initiatives focus on enhancing AI, Analytics, and Cloud Solutions to develop digital transformation experiences for customers. Read More>>

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