Author: OurCrowd

[Groq in PR Newswire] Saudi Arabia announces $1.5 Billion expansion to fuel AI-powered economy with AI tech leader Groq

Feb 10, 2025 |

MOUNTAIN VIEW, Calif. and RIYADH, Saudi Arabia, Feb. 10, 2025 /PRNewswire/ — Silicon Valley AI pioneer Groq has secured a $1.5 billion commitment from the Kingdom of Saudi Arabia (KSA) for expanded delivery of its advanced LPU-based AI inference infrastructure. Announced at LEAP 2025, this major agreement advances the Kingdom’s position as a global leader in AI computing infrastructure while meeting rapidly growing regional demand. Read...

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[Arcadia in PR Newswire] Arcadia acquires RPD Energy, empowering businesses to purchase cleaner, more resilient energy

Feb 10, 2025 |

WASHINGTON, Feb. 10, 2025 /PRNewswire/ — Arcadia, the global utility data and energy solutions platform, today announced the acquisition of RPD Energy, the nation’s leading provider of innovative renewable energy solutions. This acquisition enhances Arcadia’s new suite of Enterprise Solutions, expanding its Energy Procurement Advisory offering for businesses across the US. Read more...

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[Ravin AI in Coverager] RAVIN AI and Five Sigma partner to transform auto claims with AI-powered vehicle assessments

Feb 9, 2025 |

Sydney, Australia, February 6, 2025 – RAVIN AI, a leader in AI-powered vehicle inspections, has partnered with Five Sigma, an innovator in AI claims management technology, to reshape auto claims handling. Through this partnership, RAVIN’s DeepDetect™, an AI vehicle assessment, has been integrated with Five Sigma’s end-to-end Claims Management Platform (CMS) and Clive™, the insurance industry’s first AI Claims Adjuster, delivering next-level automation and efficiency to auto insurers. Read More...

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[BioCatch in The Times of Israel] Israeli tech donates stock options amid war to aid national recovery

Feb 9, 2025 |

When UK private equity firm Permira in May last year bought a majority stake in Israeli fraud protection firm BioCatch at a $1.3 billion valuation — as the country was still at war with the Hamas terror group — investors cashed in handsome returns. The deal also benefited Israeli youth, soldiers and victims of the October 7, 2023 onslaught, thanks to the sale of options worth $1.3 million, originally donated in 2015 by BioCatch to the the nonprofit organization Tmura. Read more...

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