Technology

leAD Sports & Health Tech Partners Rebrands as LEAD; Expands Family of Funds and Introduces Strategic Advisory Arm

Published

1 month ago

August 22, 2024

Since its founding in 2017, LEAD has grown from a Berlin-based accelerator program into a premier global venture corporation with $155M in assets

BERLIN and LAKE NONA, Fla., Aug. 22, 2024 /PRNewswire/ — LEAD, formerly known as leAD Sports & Health Tech Partners, today announced its new name and its expanded company structure, consisting of an institutional asset manager building a global family of funds and an advisory division working with organizations on their strategic innovation and investment initiatives.

This new positioning reflects LEAD’s growth and foothold in the marketplace, and reinforces its mission to enhance lives through sports and health technology. What began as an accelerator program founded in 2017 has now scaled into a premier global venture corporation with 70+ portfolio companies and $155 million in assets under management.

LEAD focuses on two pillars: investment and advisory, which are amplified by its global collective of renowned innovators, investors, athletes, and industry partners, among others.

“When we launched LEAD seven years ago, we were the first to not only see the investment potential in sports, but also recognize the continued convergence of sports and health. We were able to capitalize on these new opportunities, building a deep portfolio of the most innovative technologies that are defining the future of sports and health, and bringing more and more experts and innovators into the fold to create an incredibly powerful global network,” said Christoph Sonnen, co-founder of LEAD. “Our rebrand to LEAD better represents our vision, mission and desire to support entrepreneurs and organizations making an impact while building a world-class venture capital and advisory business at the forefront of sports and health technology.”

The company has expanded its family of funds to best serve founders and organizations operating at all stages across sports and health. LEAD invests globally and stage-agnostically through four investment vehicles:

LEAD ONE: As an evolution from our original accelerator program investment vehicle, LEAD ONE is a direct investment vehicle backing global pre-seed companies in sports and health technology; with financial backing and access to strategic venture partner organizations, including professional sports teams, player associations, sports federations, lifestyle brands, performance facilities, and health systems, including FC Cincinnati, Spartan Race and Exos, among others.Lake Nona Fund: A fund for seed-stage companies that have displayed product market fit and a management team capable of delivering scale.ADvantage: Launched in partnership with OurCrowd in 2018, this $50M fund is built to invest in Series A stage companies that display verified business metrics and are helmed by industry-leading operators.Locker Room: An invite-only fund for top-tier professional athletes and business leaders to invest in highly selective opportunities.

With its deep knowledge of the sports and health tech landscape and trends, access to dealflow and network of vetted startups, LEAD’s newly formalized strategic advisory practice serves as a consulting arm to organizations looking to develop and nurture their own innovation programs. What began as a one-time service for companies like adidas and the Orlando Magic, has since developed into a key offering of the business. In addition, LEAD acquired a majority stake in WhiteRock, a boutique advisory firm, to expand its portfolio of services by including M&A and sports business consulting. In totality, LEAD’s strategic advisory services include:

Advisory (powered by White Rock, a LEAD company): Expert guidance for end-to-end M&A advisory services and sports business consultingInnovation Intelligence: Unparalleled market intelligence and trend reporting, as well as tailored sourcing of product and technology solutionsVC as a Service: Full VC process management, including inbound deal flow vetting and analysis, corporate venture arm services and support in building internal venture capabilities.Equity Endorsements: Advise on investment participation opportunities and engagement models, including negotiation and management of equity-based endorsements for brands, athletes, and agents.

“LEAD has been a great innovation partner for the Orlando Magic and our affiliates. LEAD provides access to impressive, high-potential startups and their team helps keep a pulse on the most innovative trends and cutting-edge technology in the sports, health, and wellness space,” said Jay Riola, Chief Strategy & Innovation Officer at Orlando Magic.

Key to LEAD’s strength is its vast strategic network of notable investors, partners, advisors and athletes – including Harry Kane, Justin Rose, the Orlando Magic, and many more – who are deeply committed to offering their time, insights and support to LEAD’s portfolio companies. These relationships empower its portfolio to unlock incredibly valuable testing opportunities with its target audiences, real-time market insights, and the ability to test, learn, iterate and scale products and services.

About LEAD:
LEAD is a global venture corporation dedicated to enhancing lives through sports and health tech. Our family of funds delivers for entrepreneurs at every stage with capital, expertise, and strategic connections. Our advisory division helps corporations, consulting firms, sports properties, healthcare organizations and others bring their most innovative initiatives to life. While we work across different venture stages, industries, and areas of the world, on ideas for sports fans, athletes, and health-conscious consumers, everything we do has one thing in common: we aim to enhance lives, one idea at a time. Visit www.lead.vc for more.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lead-sports–health-tech-partners-rebrands-as-lead-expands-family-of-funds-and-introduces-strategic-advisory-arm-302228602.html

SOURCE LEAD

Technology

SK hynix Applies CXL Optimization Solution to Linux

Published

56 mins ago

September 23, 2024

HMSDK, a proprietary memory control solution lauded for its performance, is now available on Linux, the world’s largest open source operating systemHMSDK optimizes performance between heterogeneous memories, increasing bandwidth by 30% and performance by over 12%The company will foster the ecosystem by increasing software competitiveness as well as AI memory such as HBM

SEOUL, South Korea, Sept. 22, 2024 /PRNewswire/ — SK hynix Inc. (or “the company”, www.skhynix.com) announced today that the key features of its Heterogeneous Memory Software Development Kit (HMSDK)1 are now available on Linux2, the world’s largest open source operating system.

1Heterogeneous Memory Software Development Kit (HMSDK): SK hynix’s proprietary software development kit. It enables effective memory control, improving the performance of heterogeneous memory systems such as CXL memory.

2Linux: An operating system developed in 1991 by Linus Torvalds that has since expanded to become the world’s largest open source operating system. Most operating systems for cloud systems and supercomputers, as well as smartphones, cars, and appliances, are built on Linux.

HMSDK is SK hynix’s proprietary software for optimizing the operation of Compute Express Link (CXL)3, which is gaining attention as a next-generation AI memory technology along with High Bandwidth Memory (HBM). Having received global recognition for HMSDK’s performance, SK hynix is now integrating it with Linux. This accomplishment marks a significant milestone for the company as it highlights the company’s competitiveness in software, adding to the recognition for its high-performance memory hardware such as HBM.

3Compute Express Link (CXL): A next-generation interface that efficiently connects CPU, GPU, memory, and other components in high-performance computing systems to support massive, ultra-fast computation. By applying CXL to existing memory modules, the capacity can be expanded by more than 10 times.

In the future, developers around the world working on Linux will be able to use SK hynix’s technology as the industry standard for CXL memory, putting the company in an advantageous position for global collaboration on next-generation memory.

SK hynix’s HMSDK enhances memory package’s bandwidth by over 30% without modifying existing applications. It achieves this by selectively allocating memory based on the bandwidth between existing memory and expanded CXL memory. Additionally, the software improves performance by more than 12% over conventional systems through optimization based on access frequency, a feature which relocates frequently accessed data to faster memory.

The semiconductor industry anticipates full commercialization of CXL in the second half of 2024, coinciding with the release of the first server CPUs featuring the “CXL 2.0” specification. In preparation for this, SK hynix is currently validating CXL 2.0 memory in 96 GB and 128 GB capacities with customers. The company plans to begin mass production by the end of the year.

“For the development and spread of AI systems such as large language models (LLMs), it is now necessary to significantly improve not only semiconductors but also the level of system applications to support them,” said Youngpyo Joo, Head of Software Solution at SK hynix. “With this Linux integration and collaboration, we will strive to improve our status as a total AI memory solutions provider by innovating technologies and expanding the ecosystem in this field.”

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top-tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”), flash memory chips (“NAND flash”), and CMOS Image Sensors (“CIS”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

View original content:https://www.prnewswire.com/news-releases/sk-hynix-applies-cxl-optimization-solution-to-linux-302254053.html

SOURCE SK hynix Inc.

Technology

TeraBox Is Set to Provide Premier Cloud Storage Solutions to Top Indonesian University Faculty and Students

Published

56 mins ago

September 23, 2024

Transforming Classrooms: TeraBox’s 1TB Free Cloud Storage Becomes Essential for Educators and Students

TOKYO, Sept. 23, 2024 /PRNewswire/ — TeraBox (“TeraBox” or “the Company”), a globally trusted cloud storage service headquartered in Tokyo, also a favored cloud storage solution among Indonesian users, held its first large-scale campus event at prominent Indonesian universities such as University Diponegoro, Universitas Indonesia, and Institut Teknologi Sepuluh Nopember. The company hosted numerous offline events, attracting interactions from more than 30,500 students and teachers, and handed out 85,000 flyers. Event videos posted on the universities’ official Instagram and YouTube accounts received tens of thousands of views. TeraBox looks forward to deepening its collaboration with academic institutions to offer innovative cloud storage solutions for students.

In an era where digital resources are integral to academic success, TeraBox is committed to becoming an essential tool for students, providing a secure and efficient way to save and share curriculum files and materials, simplifying file management. By offering a massive 1TB (1024GB) of free cloud storage space per account, TeraBox alleviates the challenges of managing extensive educational materials, such as e-books, digital textbooks, learning notes, and experimental data in the new semester to come. Furthermore, TeraBox enhances productivity by enabling students to engage in online assignments and collaborative projects, fostering sharing, collaboration, and communication among students and between students and teachers. TeraBox not only addresses issues related to insufficient memory on devices like smartphones and laptops, but also significantly boosts efficiency in data management in an environmentally friendly manner.

Understanding the need for seamless collaboration, TeraBox features user-friendly sharing options that allow students and faculties to create links with just one click. This facilitates easy sharing of multiple files simultaneously, which can greatly improve collaborative efforts among peers. Whether accessing files from mobile devices or desktops, students can manage their documents effortlessly anytime and anywhere. Feedback from offline surveys reveals that many users in Indonesia are impressed with TeraBox’s offering of 1TB (1024GB) of free storage space. This generous storage not only meets the needs of university students for sharing various social and lifestyle content but also eliminates the necessity of creating multiple accounts with other storage services to fulfill their storage requirements.

As of July 2024, TeraBox boasts over 320 million registered users worldwide, with more than 20 million active daily users across over 231 countries and regions. The platform ensures top-tier security by employing advanced measures such as TLS/SSL protocols, encryption algorithms, and access controls. TeraBox is accredited with ISO standards (ISO 27001/27701/27018) certifications to protect the safety of data storage and transmission. These technologies also guarantee the stored and transmitted information is safe through client-side endpoint encryption within a large-scale distributed system architecture.

About TeraBox

TeraBox, developed by Flextech Inc., is a globally trusted cloud storage app headquartered in Tokyo, Japan. With a focus on intelligent, efficient, and secure cloud storage, TeraBox is dedicated to providing users with innovative and user-friendly solutions for their data storage needs. Download the TeraBox App on Android, iOS, Linux, Mac, and Windows devices, or visit www.terabox.com for online access. To learn more about the fantastic Referral Program, please visit the provided site.

View original content:https://www.prnewswire.com/apac/news-releases/terabox-is-set-to-provide-premier-cloud-storage-solutions-to-top-indonesian-university-faculty-and-students-302254286.html

SOURCE Flextech Inc.

Technology

Elmo Motion Control Exhibiting at Industrial Automation Show in Shanghai, China

Published

56 mins ago

September 23, 2024

Elmo brings live demonstrations to present the power of motion to Hall 5.1 in Booth E181.

PETAH TIKVA, Israel, Sept. 23, 2024 /PRNewswire/ — Elmo Motion Control, a global technology leader in motion control solutions, announces its participation at the annual IAS (Industrial Automation Show) exhibition at NECC in Shanghai, China, from September 24 to September 28. At the show, Elmo will display the Platinum line of servo drives, which include fully certified Functional Safety capabilities in small yet powerful packages, and conduct live demonstrations.

Elmo’s featured demonstrations will include an operating customer XYZT stage dynamic demo with four-axis movement controlled by a single multi-axis servo drive – the Platinum Quartet. Also on the floor will be a multi-axis gantry machine from our customer PBA Systems PTE Ltd and more. In addition, visitors can be the first in China to see the future of motion control – the next-generation motion controller with artificial intelligence readiness and a new line of multi-axis servo drives.

“We look forward to greeting visitors at this year’s show and presenting the latest Elmo products. On display throughout our booth is the future of motion control and the experience of seeing our multi-axis products in action. This year, we created an environment for machine developers to learn about advanced motion performance for any application in real-time,” stated Dr. Wayne Chen, Elmo China GM.

About Elmo Motion Control

Elmo has been a motion control technology leader for over 35 years, with millions of servo drives working 24/7 worldwide. Elmo offers complete motion control solutions from design to delivery of cutting-edge servo drives, network-based multi-axis motion controllers, and integrated servo motors. All solutions can be customized and configured using Elmo’s proprietary advanced and easy-to-use software tools for any machine in any industry, such as semiconductors, lasers, robots, life sciences, industrial automation, AGV, and more. The company employs more than 350 personnel with headquarters in Israel and offices in the United States, China, Germany, Italy, Korea, Singapore, and an additional manufacturing facility in Poland. Elmo has a worldwide distribution network. By advancing motion control with state-of-the-art technology, Elmo makes smart machines even smarter. As of 2022, Elmo is a Bosch Rexroth company.

For more information, visit www.elmomc.com or email marketing@elmomc.com.

Elmo Motion Control:
Robert Dugan, Marketing Manager at Elmo Motion Control
T: +972-(3)-929-2300 (ext. 368)
E: robertd@elmom.com

View original content:https://www.prnewswire.com/apac/news-releases/elmo-motion-control-exhibiting-at-industrial-automation-show-in-shanghai-china-302254926.html

SOURCE Elmo Motion Control, Ltd.