Technology

Antheia Announces New Funding to Support Domestic Production of Critical Pharmaceutical Ingredients

Published

2 months ago

July 19, 2024

Company awarded government project agreement to onshore key pharmaceutical supply chains, alongside strategic investment from In-Q-Tel and Echo

MENLO PARK, Calif., July 19, 2024 /PRNewswire/ — Antheia, the pharmaceutical ingredient manufacturer transforming essential medicine supply chains, today announced $17 million in new funding via a government project agreement through the Biopharmaceutical Manufacturing Preparedness Consortium (BioMaP-Consortium), alongside matching support from new strategic investors. The combined funding will support onshoring the production of critical pharmaceutical ingredients to the U.S. and accelerating the company’s commercialization strategy. The funding includes a non-dilutive two-year project agreement up to $11 million through the BioMaP Consortium and additional investment from In-Q-Tel, Inc. (IQT), Echo Investment Capital (Echo), and several existing investors, including Viking Global Investors.

“Biotechnology has a critical role to play in U.S. national and economic security,” said Dr. Christina Smolke, Antheia CEO and co-founder. “With the support of both the public and private sectors, we can leverage this technology to bolster essential medicine production in the U.S., with an agile, scalable biomanufacturing approach that leapfrogs existing pharmaceutical manufacturing practices.”

The BioMaP-Consortium is a multiple-purpose acquisition vehicle supporting the Biomedical Advanced Research and Development Authority (BARDA) and is composed of pharmaceutical, medical, academic, and scientific organizations. This project has been funded in whole or in part with federal funds from the U.S. Department of Health and Human Services; Administration for Strategic Preparedness and Response (ASPR); Office of Industrial Base Manufacturing and Supply Chain (IBMSC), under OT number #75A50123D00003.

The BioMaP-Consortium aims to meet the U.S. public health preparedness and response requirements by expanding the industrial and manufacturing base for medical countermeasures. As part of the BioMaP-Consortium award, Antheia will demonstrate the domestic production of three critical pharmaceutical ingredients at population scale using advanced biomanufacturing processes.

In addition to the BioMaP-Consortium project agreement, Antheia brought in matching support from new strategic investors – including IQT and Echo – that represent the intersection of innovation, national security, and domestic manufacturing. IQT connects cutting edge innovation from the private sector to the U.S. government and its allies to advance national security in the 21st century. Echo is a multi-strategy investment firm that connects overlooked domestic resources and infrastructure with world-class founders, ideas, and capital to generate exceptional financial and social returns.

“The U.S. is a leader in biomanufacturing, synthetic biology, and computational biology, but there is more we must do to scale these advanced technologies to solve global problems like essential medicine shortages,” said Eugene Chiu, Senior Partner, IQT. “We are excited to support Antheia in advancing the U.S. bioeconomy and building resilient pharmaceutical supply chains.”

“Antheia’s disruptive innovation is dramatically changing the outlook for security and resiliency of our biopharmaceutical supply chains,” said Christian Kanady, Founding Partner & CEO, Echo. “We are proud to partner in advancing Antheia’s groundbreaking technologies and importantly renewing the domestic bioeconomy in the process.”

Today’s financing news comes on the heels of significant 2024 momentum, including the company’s validated process for its first product , thebaine, and the opportunity to host U.S. Secretary of State, Antony J. Blinken at its labs for a discussion on the importance of a robust domestic bioeconomy. Antheia continues to deliver on its commercial strategy and plans to ship its first orders to customers later this year.

About Antheia
Antheia is the next-generation pharmaceutical ingredient producer transforming essential medicine supply chains to end drug shortages. Using its novel whole-cell engineering approach, Antheia’s biomanufacturing platform enables the reconstruction of biosynthetic pathways of unprecedented complexity in yeast cells and the scaling of fermentation processes to commercial levels. This highly flexible approach enables on-demand, agile, and resilient biomanufacturing of critical pharmaceutical ingredients, replacing legacy approaches that cannot support the needs of modern healthcare. For more information, visit www.antheia.bio.

MEDIA CONTACT:
Mission North for Antheia
antheia@missionnorth.com

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SOURCE Antheia

Technology

RockItCoin Launches Operations in Australia, Expanding Global Footprint

Published

52 mins ago

September 27, 2024

SYDNEY, Sept. 27, 2024 /PRNewswire/ — Leading Bitcoin ATM operator and fintech company RockItCoin is expanding its global footprint with its launch in Australia. This strategic rollout will place RockItCoin Bitcoin ATMs in high-traffic areas across the country, offering both locals and visitors convenient access to cryptocurrency transactions.

With a strong track record in the U.S. and worldwide, RockItCoin is meeting the rising demand for fast, secure, and convenient cryptocurrency access. This latest expansion reinforces the company’s commitment to making crypto more accessible to all, no matter where they are in the world.

“We’re incredibly excited to bring RockItCoin to Australia, a market that’s primed for growth in the digital currency space,” said Michael Dalesandro, CEO of RockItCoin. “Our mission is to provide simple, secure solutions for anyone looking to buy or sell cryptocurrency, and Australia is a key part of our ongoing international expansion.”

By placing these new ATMs, RockItCoin will provide everyday Australians with a reliable and efficient way to engage with the growing cryptocurrency ecosystem. As one of the fastest-growing digital financial service providers, RockItCoin continues to deliver on its promise of making cryptocurrency easy to access worldwide.

About RockItCoin

Founded in 2015 by Michael Dalesandro, RockItCoin is a crypto blockchain company and Inc. 5000 honoree based in the United States and headquartered in Chicago, IL. RockItCoin has a nationwide network of crypto ATMs with over 2,000 locations in 48 States and 16,000 retail deposit locations, providing consumers with the safest and fastest way to buy or sell cryptocurrencies. For more information, please visit https://www.rockitcoin.com and join the conversation on Facebook, X (formerly Twitter), Instagram, and LinkedIn.

CONTACT:
Jarryd Baynes
jarryd@rockitcoin.com

Logo – https://mma.prnewswire.com/media/2059643/RockItCoin_Logo.jpg

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SOURCE RockItCoin

Technology

Relativity Spotlights Legal Industry Leaders at the 2024 Innovation Awards

Published

2 hours ago

September 26, 2024

Relativity’s annual Innovation Awards recognize the change agents of its user community

CHICAGO, Sept. 26, 2024 /CNW/ — Relativity, a global legal technology company, today announced the winners of this year’s Innovation Awards at Relativity Fest. The Innovation Awards celebrate the trailblazing individuals and teams building custom solutions, empowering their peers and forging new paths to improve the legal industry and its communities.

“Another year of the Innovation Awards signals another opportunity to celebrate our community’s dedication to making a positive impact– whether that be through developing new solutions, providing excellent customer service, or elevating and advocating for their peers in the legal industry,” said Laurie Usewicz, Chief Partner Officer at Relativity. “This year’s winners exemplify the impassioned and innovative spirit that makes the future of our industry a bright one.”

The winners hail from, or work directly with law firms, financial institutions and consultant management companies large and small, private and public. Through a combined process of a judging committee and a community vote, Best Innovation winners are selected based on how they’ve leveraged the Relativity application programming interfaces in creative ways to solve Relativity’s customers’ most unique challenges.

In addition to the standard six individual and two Best Innovation awards, a new Best Innovation category was added for this year, Developer Partner. This award recognizes solutions created by Relativity’s independent software vendor (ISV) community that are offered directly to customers. Eligibility is restricted to solutions that are not owned by an Enterprise or Solution, Advisor, or Provider Partner.

The 2024 Innovation Awards winners are:

Artificial Intelligence: Ben Sexton, Vice President, JND eDiscoveryCustomer Experience: Jenna Rooney, Director, Client Services, Arete Incident ResponseEducation & Mentorship: Deedra Smith, Managing Director, FTI ConsultingInclusion: Vazantha Meyers, Vice President, Discovery Services, Haystack IDSecurity: Jenna Rooney, Director, Client Services, Arete Incident Response Stellar Women: Stephanie L. Goutos, Lead Practice Innovation Attorney, Gunderson DettmerBest Innovation: Developer Partner: Redaction Suggestions in Blackout by MilyliBest Innovation: Enterprise: Flywheel by Troutman Pepper eMergeBest Innovation: Partner: GenAI Toolbox by EY Switzerland

Each of the award winners above exemplify what it means to be a changemaker at the individual, organizational and industry levels. All award winners are determined by a combination of Relativity judging committees unique to each category and a community vote.

Relativity congratulates all submissions for the innovative work delivered this past year.

About Relativity
Relativity makes software to help users organize data, discover the truth and act on it. Its SaaS product, RelativityOne, manages large volumes of data and quickly identifies key issues during litigation and internal investigations. Relativity has more than 300,000 users in approximately 40 countries serving thousands of organizations globally primarily in legal, financial services and government sectors, including the U.S. Department of Justice and 198 of the Am Law 200. Please contact Relativity at sales@relativity.com or visit www.relativity.com for more information.

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SOURCE Relativity

Technology

UniFab Launches Anime AI Model: Empowering Anime Content Creation

Published

2 hours ago

September 26, 2024

HONG KONG, Sept. 27, 2024 /PRNewswire/ — UniFab, a global leader in intelligent video editing, officially launches its latest anime AI model, designed to enhance anime video quality and redefine the anime content creation process.

The UniFab anime AI model leverages advanced deep learning and computer vision to automatically recognize and optimize uploaded materials, producing smooth, high-quality animations. It enables users to easily enhance old, low-resolution anime videos, offering a revolutionary solution for content creators and fans.

Key Features:

Quality Enhancement: Supports upgrades video resolution to 1080P and 4K, significantly enhancing clarity and detail.

Colorization and Detail Restoration: Enhances line definition, texture clarity, and color accuracy, restoring artistic styles and character details with precision.

Effortless Operation: The user interface is intuitive, and the operation process is straightforward. Users can simply upload videos and follow a few steps.

Multi-Function Video Editing: Offers editing features such as trimming, merging, and audio processing, enabling users to easily create personalized video content.

The UniFab anime AI simplifies the traditionally complex enhancement process, enabling both beginners and experienced professionals to quickly create stunning works with this innovative tool. This AI model is now officially available, further strengthening UniFab’s leadership in content creation technology.

About UniFab

This AI video enhancer software features a comprehensive suite of AI-powered tools for video and audio editing, delivering versatile capabilities and outstanding results in quality enhancement.

Video Upscaler AI: Boosts video resolution to 4K, restoring details for a clearer viewing experience.

HDR Upconverter AI: Converts videos from SDR to HDR10/Dolby Vision, delivering richer and more realistic colors.

Denoise AI: Eliminates noise and grain caused by various factors, resulting in cleaner videos.

Deinterlace AI: Converts interlaced video signals to progressive, effectively reducing flicker and visual artifacts.

Smoother AI: Utilizes frame interpolation to increase video frame rates by AI, delivering smoother and more fluid motion.

Video background Remover AI: Supports replacing or removing unwanted background and objects in videos to highlight the subject.

Audio Upmix AI: Upscales audio tracks from videos to EAC3 5.1/DTS 7.1 surround sound for a cinematic listening experience.

The era of AI-powered video editing has arrived, and we invite all industry partners and users to join us in experiencing the ultimate audiovisual experience.

Contact Information:

Company Name: UniFab

Official Website: https://unifab.ai

JP: https://ja.unifab.ai/

FR: https://fr.unifab.ai/

DE: https://de.unifab.ai/

ZH: https://zh.unifab.ai/

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SOURCE UniFab Technology