Connect with us

Technology

Flash News: OKX Ventures Backs AltLayer in a US$14.4 Million Round to Champion Innovation in Blockchain Technology

Published

on

SINGAPORE, Feb. 20, 2024 /PRNewswire/ — OKX Ventures, the investment arm of leading Web3 technology company OKX, has issued updates for February 21, 2024.

OKX Ventures Backs AltLayer in a US$ 14.4 Million Round to Champion Innovation in Blockchain Technology

OKX Ventures is proud to announce its participation in a funding round for AltLayer, a leading platform for rollups. The funding round, which raised $14.4 million, was co-led by Polychain Capital and Hack VC. This investment underscores OKX Ventures’ continued commitment to supporting innovative projects in the blockchain space.

AltLayer is a decentralized protocol that empowers developers to create rollups from various software stacks, offering a rollup-as-a-service model. This round of capital will be utilized to expand AltLayer’s team and further enhance its rollup infrastructure.

OKX Ventures Founder Dora Yue said: “We’re excited to support AltLayer in their quest for scalability and innovation in the blockchain technology sector. AltLayer’s dedication to developing rollup infrastructure signifies a considerable advancement for the industry. This aligns perfectly with OKX Ventures’ mission to support projects that drive innovation and push the boundaries of the blockchain space.”

OKX Ventures looks forward to seeing the growth and development of AltLayer, as well as supporting their vision to revolutionize the blockchain industry.

For further information, please contact:
Media@okx.com

About OKX Ventures

OKX Ventures is the investment arm of global leading crypto exchange and Web3 technology company OKX, with an initial capital commitment of USD100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.

Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.

Find out more about OKX Ventures here.

Disclaimer

View original content to download multimedia:https://www.prnewswire.com/news-releases/flash-news-okx-ventures-backs-altlayer-in-a-us14-4-million-round-to-champion-innovation-in-blockchain-technology-302066775.html

SOURCE OKX Ventures

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

MGI Tech Unveils Next-Generation Automation Portfolio at SLAS Europe 2025 in Germany

Published

on

By

HAMBURG, Germany, May 21, 2025 /PRNewswire/ — MGI Tech Co., Ltd. (MGI), a company dedicated to developing core tools and technologies that drive innovation in life sciences,  is proud to unveil its latest innovation, PrepALL, a flexible liquid handling system, along with the latest version of the Smart8 at SLAS Europe 2025, taking place from May 20–22 in Hamburg. Featuring advanced robotics, AI integration, and modular platforms, MGI’s automation portfolio addresses critical challenges in genomics, drug discovery, synthetic biology, and molecular diagnostics—empowering labs of all sizes to scale research efficiently.

PrepALL: Compact, Affordable Automation for Flexible Pipetting

The PrepALL Flexible Liquid Handling Platform simplifies complex laboratory tasks while maintaining enterprise-level performance—without the high costs typically associated with traditional systems. Compact yet powerful, PrepALL is ideal for laboratories adopting automation for the first time or scaling existing research capacity.

Key Features Include:

Space-saving design: Occupies just 0.7 m², with 16 SBS deck positions (expandable to 41).High-precision pipetting: 8 independent channels support 0.5–1200 µL volumes with CVs (coefficients of variation) of less than 3% (1–50 µL) and <1% (50–1200 µL). It supports pLLD/cLLD, liquid level tracking, and anti-dripping, so that it reduces dead volume and improves pipetting accuracy.Plug-and-play setup and easy to use: Integrated with a visual system, it can achieve automatic consumables identification and automatic position calibrationFull traceability: Built-in sensors and data logging ensure reproducibility and consistency.

Leveraging advanced vision-based AI, PrepALL delivers high-precision performance in critical applications such as nucleic acid extraction, plasmid construction, sample preparation, and NGS library prep. Designed for global accessibility, it addresses cost and complexity barriers with a scalable, modular design and open APIs. Ideal for both entry-level and high-throughput environments, PrepALL empowers smaller labs to scale without costly infrastructure overhauls.

“PrepALL represents a major leap in lab automation, giving labs of all sizes the ability to streamline complex workflows with unmatched affordability and reliability. It’s a bold step in our mission to democratize cutting-edge tools and accelerate scientific discovery worldwide.” said Dr. Christian Zimmerman, VP of Sales at MGI Europe and Africa.

Scalable Automation Ecosystem for Every Lab

MGI’s automation portfolio is among the most versatile in the industry, designed to meet diverse laboratory needs while ensuring scalability and ease of use. At SLAS Europe 2025, MGI also presents Smart 8, a globally recognized solution launched in 2022. Smart 8 features eight-channel pipetting, and smart gripper technology. The new enhancement introduces AI-optimized pipetting for up to 20% faster cycle times, including nucleic acid extraction, microbial screening, and library preparation. This update ensures higher reproducibility and efficiency, making the Smart 8 an ideal partner for labs seeking reliable automation while remaining cost-effective.

The enhanced capabilities of the Smart 8 will cater to academic institutions, biotech startups, and clinical labs, offering a competitive edge in high-throughput research. By reducing manual intervention, the system accelerates time-to-results, enabling researchers to focus on data analysis and discovery.

Affordable, Scalable, Smart: The MGI Automation Edge

MGI stands out in the lab automation market by prioritizing cost-effectiveness, scalability, and global accessibility. Designed to democratize advanced technology, MGI empowers researchers across diverse fields—from precision medicine to agriculture—regardless of budget constraints.

MGI provides a comprehensive portfolio that covers the entire workflow, from sample extraction and preparation to sequencing and data analysis. This all-in-one solution enhance chances to meet customers’ diversified demand under one system and brand and ensures compatibility among various systems, simplifying the overall experimental workflow.

These advantages have positioned MGI as a trusted partner in more than 100 countries, accelerating breakthroughs in genomics, synthetic biology, and beyond. During global health crises, systems like the Platforms like the MGISP-960 and MGISTP-7000 have processed millions of samples, demonstrating MGI’s ability to deliver robust solutions under pressure.

MGI invites researchers, lab managers, and industry professionals to explore its latest automation solutions at SLAS Europe 2025. Visit MGI’s booth#516 to see the enhanced innovations in action.

View original content to download multimedia:https://www.prnewswire.com/news-releases/mgi-tech-unveils-next-generation-automation-portfolio-at-slas-europe-2025-in-germany-302462717.html

SOURCE MGI TECH

Continue Reading

Technology

Cutting-Edge Pyrolysis Technology | Niutech’s Continuous Intelligent Equipment Achieves the “Ultimate Disposal” of Scrap Tires!

Published

on

By

JINAN, China, May 22, 2025 /PRNewswire/ — Approximately 1.5 billion waste tires are generated worldwide each year, with over 50 million annually in the UK alone. More than half of these are transferred to developing countries through “gray” trade. This transnational movement of “black pollution” exposes the global lack of effective solutions for the comprehensive utilization of tires. In the face of the global challenge of safe and environmentally friendly disposal of scrap tires, Niutech, an international leader in continuous pyrolysis, with over 30 years of focus on cutting-edge pyrolysis technology, has independently developed a “large-scale industrial continuous intelligent scrap tire pyrolysis production line” with complete proprietary intellectual property rights. Leveraging a powerful AI-controlled system, it can continuously convert scrap tires into high-value-added renewable energy products at capacities ranging from ten thousand to one million tons. These can then be further processed into chemical raw materials for the production of new products, creating a perfect circular loop from waste to new products. Currently, this technology has been implemented in dozens of countries and regions, including Germany, South Korea, Brazil, and China, successfully completing 10000-ton-scale industrial projects.

Niutech’s production line was specifically developed for the global high-end circular economy market. It consists of “intelligent feeding system, continuous pyrolysis system, non-condensable gas scrubbing system, oil separating and cooling system, circulating water cooling system, flue gas purification system, intelligent discharge system, and fully automated control system.” Integrating nearly 10,000 proprietary technical parameters, the pyrolysis process under AI control achieves optimal operation. The system can operate stably for several months at full capacity, from ten thousand to one million tons, with a pyrolysis rate exceeding 99.5%, and a 30% increase in efficiency. Additionally, with proprietary heat recovery technology and multi-stage tail gas purification, the entire system reduces energy consumption by 40%. All emissions meet the environmental standards of the EU EEA and US EPA. Currently, the equipment has obtained EU CE Certification, German TUV Certification, and ATEX Certification. Related projects have passed ISCC EU/PLUS international sustainability and carbon certification, and products meet the requirements of the EU Renewable Energy Directive (RED II). They are regarded as the “ultimate solution” to global tire pollution.

More Information:
Niutech Website: www.niutechpyrolysis.com
Niutech Business Email: sales@niutech.com
Niutech Youtube: www.youtube.com/@niutechpyrolysis

Photo – https://mma.prnewswire.com/media/2693844/On_site_Some_Global_Scrap_Tire_Pyrolysis_Disposal_Projects.jpg

View original content:https://www.prnewswire.co.uk/news-releases/cutting-edge-pyrolysis-technology–niutechs-continuous-intelligent-equipment-achieves-the-ultimate-disposal-of-scrap-tires-302462746.html

Continue Reading

Technology

Unleashing Next Generation Storage Power | HIKSEMI Showcases Latest Storage Solutions at COMPUTEX 2025

Published

on

By

TAIPEI, May 22, 2025 /PRNewswire/ — HIKSEMI, a global provider of professional data storage solutions, showcased its latest innovations under the theme “Unleashing Next Generation Storage Power” at COMPUTEX 2025. The company highlighted breakthroughs in PCIe 5.0 and DDR5 technologies, demonstrating advancements in high-performance storage and illustrating how these innovations enhance everyday life across a wide range of applications.

Focusing on green technology and immersive experiences, COMPUTEX 2025 set trends in the global ICT industry. HIKSEMI aligned with these themes by presenting solutions across four core areas: gaming, photography, personal and family backups, and industrial storage, emphasizing “storage beyond boundaries.”

The highlight was the enhanced FUTURE gaming series, featuring the FUTURE PCIe 5.0 SSD, FUTURE RGB DDR5, and FUTURE RGB PSSD. Building on the success of the 2023 PCIe 4.0 series, which gained acclaim in markets like Thailand and Japan, the new lineup offers superior performance and versatility, targeting next-generation gamers and content creators.

For photographers, the CAPTURE series offered high-speed memory cards and magnetically secured portable storage devices for efficient data import and secure backups. Personal and family users benefited from intelligent cloud-based backup solutions and NAS-specific products, ensuring reliable management of digital assets.

In industrial sectors, HIKSEMI showcased robust storage solutions for data centers, smart manufacturing, and rail transit, featuring high reliability, low power consumption, and wide temperature adaptability to aid digital transformation.

At COMPUTEX 2025, HIKSEMI showcased its innovation in storage technology and commitment to customer needs. Industry partners and tech enthusiasts experienced the future of data storage, exploring how next-generation solutions are driving digital transformation forward.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/unleashing-next-generation-storage-power–hiksemi-showcases-latest-storage-solutions-at-computex-2025-302461533.html

SOURCE Hiksemi

Continue Reading

Trending