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AlgoFace Awarded a $150K Grant by the Arizona Commerce Authority

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AlgoFace, a leader in ethical Face AI, is proud to announce that they have been selected for a $150,000 grant by the Arizona Commerce Authority (ACA) as an Awardee of the Arizona Innovation Challenge (AIC). The AIC grant is a prolongation of growth momentum and recognition for AlgoFace.

CAREFREE, Ariz., Feb. 27, 2024 /PRNewswire-PRWeb/ — AlgoFace, a leader in ethical Face AI, is proud to announce that they have been selected for a $150,000 grant by the Arizona Commerce Authority (ACA) as an Awardee of the Arizona Innovation Challenge (AIC). As one of the largest business plan competitions in the nation, the AIC has evaluated more than 2,800 applications and selected 140 Awardees since 2011. AIC’s startup portfolio has collectively raised over $1.8B in funding, seen 29 successful exits, and has a portfolio valuation greater than $2.8B. After three rounds of the 2023 competition, AlgoFace was selected as one of the 10 grant Awardees. The $150K in grant funding will be unlocked by completing milestones in Arizona’s premier, Venture Ready Accelerator program, offered only to AIC Awardees by the ACA.

“We are honored and humbled to have been chosen as one of the 10 recipients of the AIC 2023 awards and to become an ACA portfolio company. As a member of the ACA’s illustrious group of startups, we look forward to accelerating our path of success,” states Andrew Bart, CEO and Cofounder of AlgoFace.

“We are honored and humbled to have been chosen as one of the 10 recipients of the AIC 2023 awards and to become an ACA portfolio company. As a member of the ACA’s illustrious group of startups, we look forward to accelerating our path of success,” states Andrew Bart, CEO and Cofounder of AlgoFace.

ACA’s Venture Ready Accelerator program is designed to ensure companies based in Arizona have access to local resources. This program connects Arizona small business owners with experienced CEOs as a mentor for their 6-month-long panel series designed to assist early-stage ventures to scale.

The AIC grant is a prolongation of growth momentum and recognition for AlgoFace.

AlgoFace was named as one of the 10 Startups to Watch 2024 by the Phoenix Business JournalAlgoFace was selected as an Arizona FAST Grant Awardee by the Arizona Commerce AuthorityAlgoFace CEO Andrew Bart was presented as the “Innovation Award” winner at the Phoenix Business Journal’s 2023 Small Business AwardsAlgoFace participated as a cohort company in the Fuel AI/ML Accelerator sponsored by the Walton Family FoundationAlgoFace was twice picked by Invest Southwest as a presenting company and once as an Alumni presenter at the Venture Madness CompetitionTwo years in a row AlgoFace was chosen as a finalist for Startup of the Year for the AZ Governor’s Celebration of Innovation (2022, 2023)

About AlgoFace

AlgoFace makes it easier to build and deploy trusted responsible Face AI solutions. Our B2B & B2G Ethical Face AI Enablement Engine leverages computer vision, machine learning, and generative AI to power applied AI solutions that operate on the edge. Featuring privacy by default and ethical AI frameworks, our 2D facial landmark tracking, 3D face mesh, iris tracking, head pose estimation, and hair segmentation offer enterprise-grade accuracy and speed, with minimal power requirements. Our core Face AI Enablement Engine can be used to develop 2D and 3D Face AI solutions across mobile, desktop, embedded systems, AR/VR, and the Metaverse.

About the Arizona Commerce Authority

The Arizona Commerce Authority (ACA) is the state’s leading economic development organization with a streamlined mission to grow and strengthen Arizona’s economy. The ACA uses a three-pronged approach to advance the overall economy: recruit, grow, create – recruit out-of-state companies to expand their operations in Arizona; work with existing companies to grow their business in Arizona and beyond; and partner with entrepreneurs and companies large and small to create new jobs and businesses in targeted industries.

Media Contact

Jeffrey Freedman, AlgoFace, 1 4105753330, jeffrey@algoface.ai, https://www.algoface.ai/ 

View original content:https://www.prweb.com/releases/algoface-awarded-a-150k-grant-by-the-arizona-commerce-authority-302069670.html

SOURCE AlgoFace

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Quest Global & bp collaborate to further energy innovation

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BENGALURU, India, May 6, 2025 /PRNewswire/ — Quest Global, a leading global product engineering services company, has been chosen by bp, a global energy leader, to establish a dedicated center in Bengaluru in an initiative intended to support bp’s strategy of growing its upstream business and investing with discipline in the energy transition. 

Under the collaboration, Quest Global is identifying and onboarding talent to support bp’s projects across its production & operations and gas & low carbon energy businesses, aiming to advance innovation and deliver impactful solutions for bp’s global activities.  

The Bengaluru centre achieved the milestone of training its first 100 engineers in the last year and is now set to scale up. Work done at the centre will complement ongoing innovation work at bp’s existing hubs, including the Technical Solutions hub in Pune.  

Commenting on this collaboration, Ajit Prabhu, Co-founder & CEO, Quest Global, said, “We are honoured to be working with bp as it scales up its business and technology centres worldwide. With our unparalleled customer focus, proven partnership playbook, aligned culture and entrepreneurial mindset to deliver outcomes over output, I’m very confident towards a future with bp that positively impacts the energy industry.” 

About Quest Global:

At Quest Global, it’s not just what we do but how and why we do it that makes us different. We are in the business of engineering, but what we are really creating is a brighter future. For over 25 years, we’ve been solving the world’s most complex engineering problems. Operating in 18 countries, with over 84 global delivery centers, our 21,000+ curious minds embrace the power of doing things differently to make the impossible possible. Using a multi-dimensional approach, combining technology, industry expertise, and diverse talents, we tackle critical challenges faster and more effectively. And we do it across the Aerospace & Defense, Automotive, Energy, Hi-Tech, MedTech & Healthcare, Rail and Semiconductor industries. For world-class end-to-end engineering solutions, we are your trusted partner. 

Photo: https://mma.prnewswire.com/media/2679256/Team_bp_Quest_Global.jpg
Logo: https://mma.prnewswire.com/media/1830310/Quest_Global_Logo.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/quest-global–bp-collaborate-to-further-energy-innovation-302445853.html

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Skanska builds data center project in Western USA for USD 164M, about SEK 1.7 billion

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STOCKHOLM, May 6, 2025 /PRNewswire/ — Skanska has signed a contract with an existing client for a data center project in Western USA. The contract is worth USD 164M, about SEK 1.7 billion, which will be included in the US order bookings for the second quarter of 2025.

The project is a 33,400 square meters (360,000 SF), 36-megawatt tenant improvement within an existing building shell, to be completed and turned over in four phases for the client.

Work will begin in June 2025 and is expected to be completed in June 2027.

For further information please contact:

Daniela Arellano, Communications Director, Skanska USA, tel +1 -213-317-4977

Andreas Joons, Press Officer, Skanska AB, tel +46 76 870 75 51

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/skanska-builds-data-center-project-in-western-usa-for-usd-164m–about-sek-1-7-billion,c4145428

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View original content:https://www.prnewswire.com/news-releases/skanska-builds-data-center-project-in-western-usa-for-usd-164m-about-sek-1-7-billion-302446772.html

SOURCE Skanska

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Broadridge Enhances OpsGPT®, introducing new Agentic Capabilities to Further Optimize Global Post-Trade Operations

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Key enhancements include inventory optimization, fails research, and email integration automation for better connectivity and outcomes

NEW YORK, May 6, 2025 /PRNewswire/ — Global Fintech leader Broadridge Financial Solutions Inc. (NYSE: BR), today announced significant enhancements to OpsGPT® across fails research, inventory optimization and email integration automation. With these enhancements OpsGPT delivers real-time operational intelligence and execution, enabling firms to better manage risk, capital, and drive greater operational efficiency.

“We are continuously innovating and evolving OpsGPT to optimize how clients can better operate and grow, particularly by unlocking Agentic capabilities to better manage risk, capital, and operational efficiency in today’s rapidly evolving trading environment,” said Quentin Limouzi, Global Head of Post Trade at Broadridge. “In response to shortened settlement cycles, escalating operational risks and increased cost of capital, firms need to invest in simplifying complex technology ecosystems and harmonize data to enable AI-powered automation.”

Key enhancements to OpsGPT:

Fails Research: Diagnoses root causes of settlement fails, providing instant, actionable insights and significantly reducing resolution timelines.Inventory Optimization: enables real-time global inventory management, proactively identifies mismatches and suggests asset transfers to maximize capital efficiency and save firms millions of dollars.Email Integration Automation: Interprets inbound operational emails, extracts context, retrieves relevant data from internal systems — drastically reducing response cycles.

OpsGPT has integrated agentic capabilities, where AI agents support Operations teams by converting data into actionable insights; improving decision-making, recommending optimal actions and executing workflows. By incorporating AI into its processes and harmonized data platform, Broadridge is establishing a foundation for comprehensive workflow orchestration throughout the post-trade lifecycle.

OpsGPT unlocks tangible benefits for clients, such as accelerated fail resolution, optimized capital deployment, and reduced operational expenses. By automating traditional manual processes, OpsGPT enhances productivity, strengthens risk management through real-time intelligence, and simplifies the user experience with intuitive interfaces and AI-powered communication tools. More information on the new enhancements can be found in our report launched today.  

The Power of Harmonized Data

A strong data foundation is central to implement successful AI powered automation throughout the trade lifecycle. Broadridge’s investments in BRx, a harmonized data ontology that standardizes and consolidates information globally across asset classes and systems, enables consistent interoperable data to flow seamlessly between front, middle and back-office functions – eliminating silos and laying the foundation for advanced analytics, automation and reporting across the global trade lifecycle.

OpsGPT leverages BRx harmonized data model to unlock the next level of Agentic capabilities to automate AI enabled operations, optimize capital, reduce risks and improve reporting

For more information on how OpsGPT® delivers real-time operational intelligence and execution that enables the future of post-trade processing now, please see here.

About Broadridge

Broadridge Financial Solutions (NYSE: BR) is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. 

Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $10 trillion of securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.

For more information about us, please visit www.broadridge.com.

Broadridge Contacts:

Investor Relations
broadridgeir@broadridge.com 

Media Relations
Gregg.rosenberg@broadridge.com 

 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/broadridge-enhances-opsgpt-introducing-new-agentic-capabilities-to-further-optimize-global-post-trade-operations-302446666.html

SOURCE Broadridge Financial Solutions, Inc.

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