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Redbird Gives All Employees Data Superpowers, Raises $7.6 Million in Oversubscribed Seed Round Led by B Capital

Redbird

Redbird, an analytics operating system for the enterprise, today announced it has raised $7.6 million in an oversubscribed seed round led by multi-stage investment firm B Capital. The funding also included participation from Y Combinator, Thomson Reuters Ventures, Alumni Ventures and Soma Capital, along with several other funds and angel investors. Redbird empowers anyone within an organization to easily automate and unify their analytics work in minutes without writing code. The platform connects all of an organization’s data sources into a no-code environment where users can effortlessly do complex data prep, wrangling, analysis, reporting and data science. The capital will further strengthen Redbird’s offering as it continues to add advanced no-code capabilities, which will enable an even broader swath of nontechnical users to self-serve with advanced analytics. Founded by Erin Tavgac and Deren Tavgac, COO, data analytics experts with deep enterprise experience, Redbird currently partners with large enterprise customers across diverse verticals. The company, formerly known as Cube Analytics, has experienced rapid growth, with revenue growing 9X over the past year. “Every modern enterprise has a need for deeper automation and orchestration across the data lifecycle,” said Erin Tavgac, Co-Founder and CEO of Redbird. “We are moving quickly to empower organizations to develop the custom applications that solve the specific needs of their different stakeholders. We’re thrilled to have the support of all our investors to accelerate this mission.” Companies have rapidly growing data analytics needs, yet most employees lack the technical skills to self-serve against those needs. Data teams are on average outnumbered 100 to 1 by nontechnical stakeholders, and therefore often struggle to keep up with business demands. Redbird gives both technical and nontechnical users the tools to effortlessly collaborate and meet their increasingly complex analytical needs. “We believe that Redbird will become a mission-critical platform for enterprises to manage complex data workflows,” said Karen Page, General Partner at B Capital. “This investment underscores our strategy of working with innovative companies that enable rapid technological transformation across traditional industries. We’re excited to partner with Redbird as it grows its platform.” "Thomson Reuters customers need technology that helps them get more out of their data without adding point solutions,” said Tamara Steffens, Managing Director at Thomson Reuters Ventures. “TR Ventures is excited about our investment in Redbird because its end-to-end data automation is a game changer for enterprise data management and analysis." About Redbird Redbird is an analytics operating system for the enterprise - empowering anyone within an organization to easily automate and unify their analytics work in minutes, without writing code. Learn more at www.redbird.io. About B Capital B Capital is a multi-stage global investment firm that partners with extraordinary entrepreneurs to shape the future through technology. With $6.5 billion in assets under management across multiple funds, the firm focuses on seed to late-stage growth investments, primarily in the enterprise, financial technology and healthcare sectors. Founded in 2015, B Capital leverages an integrated team across eight locations in the US and Asia, as well as a strategic partnership Contact Details Redbird Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.redbird.io/

October 13, 2022 08:00 AM Eastern Daylight Time

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Volatus Aerospace Adds Over 500,000 km of Oil & Gas Pipeline Right of Way Surveillance with Acquisition of Synergy Aviation Ltd.

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") announced today that it has signed an arm's length definitive agreement dated Oct 12, 2022, to acquire Alberta-based Synergy Aviation Ltd. This acquisition will solidify Volatus’ position in Western Canada providing privileged access to much of the oil and gas industry. Synergy’s leadership in the sector combined with Volatus’ drone technology solutions will position the Company with a strong competitive advantage to introduce innovative, efficient, green, remotely operated drone solutions to fulfill regulatory and asset monitoring requirements. Founded in Alberta in 2014, Synergy Aviation is an industry leader in aerial surveillance, pipeline integrity monitoring, and specialized geomatics, patrolling and inspecting more than 500,000 KM of pipeline right of way stretching from the coast of British Columbia to the Manitoba/US border. The company provides Canada’s largest oil & gas producers and pipeline operators with uninterrupted, consistent and highly detailed right-of-way integrity data. “Pipeline inspection, much like other long linear inspection requirements, has traditionally been completed using crewed helicopters and small fixed wing aircraft,” said Glen Lynch, CEO of Volatus Aerospace. “Leveraging Synergy’s oil & gas presence combined with our existing pipeline operations in Ontario will allow us to introduce the power of innovative drone solutions to meet regulatory compliance and asset management requirements with improved efficiencies and a material reduction in greenhouse gas emissions.” “There are nearly 5 million kilometers of oil & gas pipeline in North America requiring annual inspections and, in many cases, weekly patrols to meet regulatory and asset management requirements,” said Todd Tkach, President of Synergy Aviation. “Becoming part of Volatus gives us the added geomatics capabilities, market reach, and the opportunity to disrupt traditional methods in this sector.” Synergy recorded unaudited revenues of $7 million with a 14% EBITDA (Earnings before Interest, tax, depreciation, and amortization) during the first nine months of 2022 and is targeting year end revenues of $9 million. Under the terms of the agreement, Volatus will make an equity investment of $2.29 million in Synergy Aviation over the course of 10 months from closing in exchange for newly issued shares that will represent 51% of all outstanding shares. The investment will be used by Synergy for ongoing expansion activities. The transaction is scheduled to close on October 31 st conditional on satisfactory completion of due diligence, approval of the respective Board of Directors, and regulatory approval by the TSX Venture Exchange. Subject to operational and financial metric as defined in the definitive agreement, the Synergy investors will have an option, expiring in December 2024, to sell the remaining 49% equity to Volatus at the same valuation at Closing in exchange of Volatus shares based on 30 days VWAP (volume weighted average price) on date of Closing. This announcement marks another step in a series of interrelated technology, regulatory, and commercial milestones intended to drive and scale the commercialization of drone technologies. Recent announcements include the launch of the Aerieport drone nesting station, regulatory authority to remotely operate a drone at an airport, the remote operation of drones in Las Vegas from our operations center 3,000 km away, and most recently, a collaboration agreement with Accipiter Radar to provide for larger scale deconfliction between drones and low flying aircraft. The combination of these events with other Volatus technologies provides large scale opportunities in oil and gas, power distribution, and rail throughout the markets served by Volatus. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 833-865-2887 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

October 13, 2022 07:45 AM Eastern Daylight Time

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REPORT: FinTech market set for cooling and consolidation, as macroeconomic factors bite

Finch Capital

In its latest ‘ State of European FinTech’ report, fintech venture capital firm Finch Capital forecasts a period of cooling and consolidation across the FinTech sector, as macroeconomic conditions grow more challenging. However, an abundance of undeployed Growth Capital is cause for optimism for Founders and Talent to make a soft landing. The European FinTech sector has seen significant growth in recent years with fintech funding volume having grown from around $6 billion in 2020, to around $19 billion in 2021. The total number of FinTech exits globally also peaked in 2021 at 966. Over the same period, FinTech investment globally topped US$210 billion, with crypto and blockchain businesses performing especially well. In their 7th State of European FinTech report, the team at Finch Capital assessed four key trends in FinTech as proxies for the health of the sector. The team assessed: the number of new FinTechs founded; volume of funding; number of hires across the industry and the number and value of successful exits. Investor Ecosystem is Retreating to 2018/2019 levels Finch Capital’s research reveals that, as economic conditions have become more uncertain over 2022, FinTech investment has slowed. The report shows that new business formation in the FinTech sector peaked in 2018 and, over the last year, has declined by 80%. Since Q2 2022, Public Tech markets have come down back to 2019 levels after a strong rally since 2020, the private markets are undergoing a similar but slower transition to 2019 valuation levels, wiping out the 200-300% growth in valuations during 2020-2021. This decline has coincided with a 70% drop in IPO and large venture M&As exit windows dry up as well as venture funding with ‘megarounds’ in particular having declined in equal measure. In 2021, the top 20 funding rounds in Europe accounted for 50% of the market. Across the investment ecosystem, there has been a 25% decline in funds raised by FinTechs, with like any previous cycle corporate investors retreating in the face of macroeconomic uncertainty. Caution in the FinTech market is also highlighted by a decline in recruitment, with new hire growth down 50%. Europe accounts for only 10% of total reported fintech layoffs globally, despite receiving 25% of global FinTech funding. Cause for Optimism: A Soft Landing for the strongest FinTechs Nevertheless, the sector is still hiring, with around 10% of FinTech firms currently advertising vacancies. Demonstrating a shift towards a less-well funded and more competitive landscape, existing vacancies are becoming more focused on revenue generation (such as sales roles), and less on technical skills such as engineering. Dry powder is at an all-time high with $28bn of undeployed capital among Fintech investors and it is a function of when and at what terms it gets deployed as opposed to if. First signs are that these levels of dry powder are not sustainable with a 40% decline in new funds raised in 2022 vs 2021. As a result, funding is not going to dry up short term for the better companies who show healthy unit economics, opportunity and potential for growth providing opportunity for a soft landing. Commenting on the findings Radboud Vlaar, Managing Partner at Finch Capital, said: “After many years of impressive growth, perhaps overheated, there is no doubt that a worsening macroeconomic situation and tightening money supply are weighing on the FinTech sector. This doesn’t mean that funding has dried up, simply that investors are becoming more discerning and price sensitive. In fact, our research indicates that dry powder is at an all-time high, with $28bn of undeployed capital among Fintech investors. “With investors becoming more cautious about where they put their money, and potentially overinvested start-ups struggling to exit, we are likely to see a period of consolidation in the FinTech space as many verticals are highly fragmented, creating a smaller but more sustainable ecosystem. “There was always an element of uncertainty around the long term sustainability of valuations for certain companies particularly at growth stages. This shake up, while painful, is also necessary. Consolidation and more competitive investment flows, combined with still significant levels of undeployed capital, will bring maturity to the FinTech sector. And, despite difficult near term prospects in the economy at large, a new normal level of activity will resume in FinTech over the next 12 to 18 months, with a focus on long term sustainability," About Finch Capital Finch Capital is a European Thematic Growth Investor. We currently focus on 3 themes: Financial, Real Estate and Health technology. We back companies generating €2m+ in ARR by investing €5 to €10m initially and help them scale to €30m-€50m revenues by building sustainable and capital efficient business models. We’ve invested in ±45 companies including Fourthline, Goodlord, Grab, Hiber, Twisto, AccountsIQ, ZOPA and Symmetrical. Finch Capital consists of a team of 12 investment professionals with wide entrepreneurial experience (e.g. Funding Circle, Adyen), prior investment experience (e.g. Accel, Egeria) and industry backgrounds (e.g., Facebook, McKinsey), located across offices in Amsterdam and London. For more information see www.finchcapital.com Contact Details Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.finchcapital.com/

October 13, 2022 07:00 AM Eastern Daylight Time

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HFM Launches Trading on Latest App Version

HF Markets

Global multi-asset broker HFM announced the release of its new mobile application, featuring in-app trading to better cater for the needs of its ever-growing client base. The improved app, available for both Android and iOS users, combines HFM’s industry-leading conditions with cutting-edge technology offering traders a fully customized mobile trading experience. Among the newly implemented features, the award-winning HFM app now allows traders to access their accounts and trade CFDs on more than 1200 assets straight on the app. The easy-to-use interface allows for simple and ultra-fast trade execution, whereas traders are given the opportunity to customize their trading with three trading options (Amount, Lots or Units), access a detailed history of each trade and analyze their performance, monitor their positions 24/7 and enjoy effortless trading anywhere, anytime. An HFM spokesperson said: “After months of development and rigorous testing, we are proud to release our new HFM mobile trading app. Our global audience, many of them are mobile-first, so we wanted to make mobile trading as intuitive and practicable as possible to empower them to access the global financial markets and enjoy seamless trading from within the application.” HFM’s mobile application provides traders with real-time prices, automatic market notifications, advanced charting functionality, powerful trading tools and market analysis, among other helpful features. With promises for many more updates and functionalities to enhance effective user experience, HFM continues to exceed expectations for over 3.5 million live accounts worldwide and growing. Visit the HFM App page to learn more about the app’s newest features. About HFM HFM, formerly known as HotForex and a brand name of HF Markets Group, is an internationally acclaimed multi-asset broker of choice to over 3.5 million live accounts worldwide that have earned over 60 coveted industry awards in its twelve-year history. The company offers a wide variety of account types, innovative products, cutting-edge platforms, tools and educational resources, besides outstanding customer service and unparalleled trading conditions to facilitate individuals and institutional customers to seize opportunities in the financial markets. Contact Details HF Markets Alexandra Tserkezidou +44 20 3097 8571 support@hfm.com Company Website https://www.hfeu.com/

October 13, 2022 04:09 AM Eastern Daylight Time

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VOLATUS AEROSPACE CORP. ANNOUNCES LISTING OF WARRANTS

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) (“ Volatus ” or the “ Company ”) is pleased to announce that, in connection with the closing of its previously announced marketed public offering (the “ Offering ”) of 11,171,812 units of the Company (the “ Units ”) and concurrent brokered private placement of 569,222 Units on the same terms as the Offering (the “ Concurrent Private Placement ”), the TSX Venture Exchange (the “ TSXV ”) has approved the listing of an aggregate of 11,741,034 common share purchase warrants (the “ Warrants ”) partially comprising of the Units issued under the Offering and Concurrent Private Placement. The Warrants will begin trading on the TSXV as of market open on Thursday October 13, 2022 under the symbol VOL.WT.A. For further details regarding the Warrants, please see the news release of the Company dated October 6, 2022 and the Company’s (final) short form prospectus dated September 16, 2022 in connection with the Offering, each of which is available on the Company’s SEDAR profile at www.sedar.com About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 833-865-2887 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

October 12, 2022 09:30 PM Eastern Daylight Time

With New Study, Assembly Asks Marketers: “Do you really know Gen Z?”

Assembly

Gen Z Decoded, an all-new study packed with first-hand insights about Generation Z, curated over the course of the past year, is out from global media agency Assembly. Unlike previous studies that seek to understand this evolving and influential group as one whole audience, Assembly prompts brands and marketers to consider this: Gen Z is a series of journeys, each individual and nuanced, dependent on the experiences of Zs in their particular stage of life. Available for download here. The study taps into learnings from Assembly client campaigns [Supercuts, Diesel, and Converse], first-party research powered by Appinio across six markets (UK, US, France, Germany, China, Korea), and additional expert insights curated from Assembly’s Europe Strategy & Insights team. It additionally includes 8 essential principles for brands to build meaningful relationships with Gen Z, as well as a foundational growth plan following the agency’s “Find, Change, Grow” methodology. “As they look to discover themselves, Gen Z is going on an internal journey, often staying fluid and flexible with their own identity,” said Jennifer Brown, Strategy Manager, Europe at Assembly. “They’re in an ever-changing state of discovery across different life stages, so a one-size-fits-all approach from brands isn’t going to work.” The study identifies one of Gen Z’s 6 primary characteristics as “ shapeshifters ”, with 78% of Gen Z believing that people should be able to define their own identity instead of being labelled by society. The fluidity in their identities also extends to their relationships with brands, with 55% of Gen Z stating that they aren’t loyal to any brands. Other key characteristics that distinguish Gen Z: Globally Connected: Gen Z have experienced connectivity unlike any other generation before them. 77% of Gen Z say they have never met an online friend in person, further emphasizing the emergence of digital-only relationships Passionate Disruptors: While they aren’t the first generation with grand ambitions to change the world, Gen Z is the generation that has been armed with the Internet to help them do so. 70% of Gen Z believe they can take part in a social movement through social media Entrepreneurs: By 2025, Gen Z will make up 27% of the workforce, though they’re not necessarily only interested in conventional career paths. 42% of Gen Z say they have a “side hustle” and express wanting to disrupt the way jobs work in the future, many envisioning themselves to be their own bosses Purposeful: While living much of their lives on the internet, Gen Z are also intentional about how and where they are spending their time online, and with who. 27% of Gen Z spend less time on platforms with ads, and 55% of Gen Z in the 18-25 age group are experiencing social media fatigue Vulnerable: Despite their confidence and tenacity, Gen Z put enormous pressure on themselves to carry through on their values; and also despite being so digitally connected, 79% of Gen Z express feeling lonely. “Our advice to brands is: go on the journey with Gen Z and don’t stop learning. It’s all about continuous testing, learning, and adapting, because Gen Z will continue to evolve, so brands should do the same,” said Kristie Naha-Biswas, Head of Strategy & Planning, Europe at Assembly. Access Assembly's Gen Z Decoded here. ABOUT ASSEMBLY: Assembly is the modern global omnichannel media agency, bringing data, talent, and technology together to find the change that fuels growth for the best brands on the planet. Our approach connects big, bold brand stories with integrated, global media capabilities that deliver performance and drive large-scale business growth. Our work is powered by our proprietary, in-house technology solution, STAGE, and led by our global talent base of over 1,600 people around the world. We’re purpose-driven at our core and pioneers in social and environmental impact in the agency world. Assembly is a proud member of Stagwell, the challenger network built to transform marketing. www.assemblyglobal.com ABOUT THE REPORT: Gen Z Decoded for Brand Growth is the culmination of research and real-life experience, looking at the evolution of Gen Z behavior over the past year. This large-scale report is part of a series of thought leadership, roundtables, and research insights about Gen Z, coming exclusively from global media agency, Assembly. Assembly Custom Research Powered by Appinio: Appinio is a global market research platform that enables companies worldwide to get thousands of opinions from specific target groups in just a few minutes. Assembly surveyed a Gen Z audience size of 1,500 across the UK, US, France, Germany, China, and Korea. https://www.appinio.com Contact Details Sara Pollack, VP of Marketing +1 917-438-4922 sara.pollack@assemblyglobal.com Company Website https://www.assemblyglobal.com/

October 12, 2022 05:27 PM Eastern Daylight Time

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Syntekabio and MDBioLab Collaborate on Groundbreaking Anticancer Research (226330:KOSDAQ)

Syntekabio, Inc.

Syntekabio (226330:KOSDAQ)(226330:KS), an AI drug discovery and development company, announced a joint research partnership with MDBioLab, an innovative new anticancer drug development company based in South Korea. Syntekabio’s AI platform DeepMatcher® is used to predict compound-target protein binding to identify the mechanism of action for MD102, an oral delivery drug candidate for the indications for renal cell carcinoma and triple-negative breast cancer developed by MDBioLab. DeepMatcher® is also expected to support the expansion of MD102 for alternative diseases. MD102 is the first-in-class small molecule drug candidate for an inhibitor of Transglutaminase 2 (TG2) that is a cancer-specific target to participate in both facilitating and inhibiting apoptosis, playing both anti- and pro-apoptotic roles. Its anticancer efficacy through TG2 inhibition was successfully confirmed via in vivo xenograft tumor-model test. It is currently under development as a small molecule therapeutics for kidney cancer. TG2—the target protein of MD102—changes drastically its protein structure depending on the environment in and outside of the cell. Hence, its protein function and related diseases also vary accordingly. Both companies are confident that using DeepMatcher® to predict the interaction mechanism of MD102 and TG2 will provide a critical insight to understand the mechanism of action in details; therefore, it effectively supports future drug development strategies. DeepMatcher® is ideal for mechanism of action (MOA) research, as it examines indication expansion of existing candidates that have already been derived, and accurately screens and optimizes new candidates as well. Hyun-chul Jung, head of R&D at MDBioLab, said, “We welcome this joint research opportunity with Syntekabio. As a global leader in AI-based drug discovery and development platforms, Syntekabio is a powerful partner to strengthen our R&D competitiveness. DeepMatcher® technology will play a crucial role in the acceleration of innovative new anti-cancer drug development projects.” “MDBioLab is a formidable industry innovator in development of first-in-class therapeutics for anti-cancer target proteins,” said Syntekabio CEO Jong-sun Jung. “Our commitment to developing innovative new drugs is deeply rooted in the synergy based on Syntekabio’s advanced AI technology and MDBioLab’s R&D capabilities. Starting with MD102, we look forward to broadening and deepening our collaborations in the future.” For business development meetings and information about Syntekabio’s products and services, contact the New York office at +1 (212) 371-2544 or admin@syntekabiousa.com. SyntekaBio is a global artificial intelligence (AI) and big data-based drug discovery and development company, headquartered in South Korea since 2009, with its U.S. operations bringing innovative technologies and science to create transformative medicines worldwide that are compliant with international standards to cure diseases and improve people's lives. Find out more about DeepMatcher®, NEO-ARS™, NGS-ARS™ and PGM-ARS™ at www.syntekabiousa.com. Contact Details Syntekabio USA | WMSG Sabina Lee +1 201-408-5342 wgroup@wmedical.org

October 12, 2022 12:11 PM Eastern Daylight Time

Diagrid Emerges from Stealth with $24.2 Million in Funding, Launches Fully Managed Dapr for Kubernetes

Diagrid

Diagrid, a startup that helps developers simplify and de-risk distributed systems, today announced it raised $20 million in Series A funding led by Norwest Venture Partners, with participation from Amplify Partners and Quiet Capital. This funding follows the company’s $4.2 million seed round led by Amplify Partners. The company’s first product - Diagrid Conductor - is also now available at www.diagrid.io. Diagrid will use the funding to invest in serving the open source community and to build a suite of commercial tools and services that unlock the productivity of engineering teams. “There are five million Kubernetes developers in the world, and Dapr combined with Diagrid Conductor enables millions more to harness the potential of distributed systems and build on Kubernetes,” said Dave Zilberman, General Partner at Norwest Venture Partners. “Diagrid founders Mark Fussell and Yaron Schneider are distributed system visionaries with proven dedication to the open source software ecosystem, having previously co-created Azure Service Fabric and KEDA, respectively. We are honored to lead Diagrid’s Series A to help it democratize software development and further support its thriving developer community.” Diagrid Conductor is a fully managed Dapr platform for Kubernetes which reduces the operational burden of managing Dapr, giving developers deep insights into their applications and informing them of production best practices, while increasing service reliability and security. Diagrid was founded by the creators of Distributed Application Runtime ( Dapr ) and Kubernetes Event-Driven Autoscaling ( KEDA ), which are both Cloud Native Computing Foundation open source projects. “We are in the midst of a generational shift to distributed applications, but software developers are having difficulty keeping up,” said Mark Fussell, Diagrid co-founder and CEO. “Distributed apps are made possible by microservice architectures, but they require so much plumbing code that developers are overloaded. That’s why, while at Microsoft, we created Dapr which reduces developer time building solutions by up to 50 percent. But we continued to hear that it’s hard to manage Dapr on Kubernetes—the basis of software development today—so today we're launching Diagrid Conductor to solve this and make it easy to manage Dapr on Kubernetes.” Dapr increases the productivity of developers, enabling them to build portable and reliable distributed applications and microservices on Kubernetes. It’s widely adopted with more than 2200 contributors, 4700 Discord members, and 19,450 Github stars. Dapr deploys a control plane to manage the data plane sidecars. This requires Kubernetes operators to upgrade and monitor the Dapr control plane and understand the nuances of managing it effectively, including improving its reliability. “The IBM Accelerated Discovery team has integrated Dapr and Diagrid Conductor into the heart of a new platform for accelerated science, bringing together serverless, cross-cloud computing with novel computing resources, including quantum-inspired simulation and generative and surrogate model AI techniques,“ said Karl Wehden, IBM Research product director. ”Dapr and Diagrid move IBM's Discovery Platform past the deployment and operations concerns inherent in Kubernetes, to simple and elegant repeatability, portability, and speed required to drive the demanding workloads that define acceleration in modern computational scientific discovery.” Industry Support for Commercializing Developer-Friendly Tools While in stealth, Diagrid received support and investment from a roster of notable enterprise leaders who are all too familiar with the challenges of bringing business applications to market. Early backers include Joe Beda (Kubernetes Co-Founder, Founder/CTO at Heptio), Matt Klein (creator of Envoy, Lyft), William Morgan (CEO of Buoyant, creator of Linkerd), Mark Russinovich (CTO of Microsoft Azure), Adam Gross (Former CEO of Heroku), Sri Viswanath (former CTO of Atlassian), Seth Vargo (staff engineer at Google), Kris Nova, Adam Frankl (developer marketing advisor for Neo4J, JFrog, and Sourcegraph), and Roopak Venkatakrishnan (director of engineering at Bolt). “Cloud-based, microservices architectures have imposed real costs on engineering teams where developers have to become infrastructure wranglers and distributed systems theorists just to deploy a simple app,” said Lenny Pruss, General Partner at Amplify Partners and Diagrid Board Member. “Dapr open source and the commercial solutions built by Diagrid strike at the heart of this problem, providing a set of developer-friendly tools and APIs that abstract away much of the distributed system complexity, thereby allowing engineering teams to focus on what matters: their business applications.” About Diagrid: Diagrid’s mission is to boost developer productivity building applications based on open source technologies such as Dapr and KEDA, particularly those focused on cloud native and microservice architectures. Diagrid provides developers with productive tools and APIs so developers can concentrate on what matters: their business. For more information, go to https://www.diagrid.io, follow on Twitter @diagridio, or check out the Dapr community on Discord (https://discord.com/invite/ptHhX6jc34). Contact Details Forrest Carman +1 206-859-3118 forrestc@owenmedia.com Company Website https://www.diagrid.io/

October 12, 2022 09:00 AM Pacific Daylight Time

MedAcuity Appoints New VP of People Operations and Director of Quality Assurance

MedAcuity

MedAcuity, the go-to Boston-based software development partner for leading MedTech companies, today announced the appointments of Jeanne Raney as vice president of people operations and Andy Sageman as director of quality assurance. MedAcuity, which marks its 15 th anniversary this year, prioritizes team development and a quality-first mindset as integral to the success of the strategic consulting and software development work done in partnership with its MedTech and robotics clients. As MedAcuity’s vice president of people operations, Jeanne will prioritize humanizing business processes and continuously improving employee training, development, engagement and retention. Jeanne comes to MedAcuity with over 25 years of human resource management / people operations experience in industries including professional and managed services/consulting, clinical research, and managed IT services. She brings expertise in talent management, policy development, coaching, management training, benefits, and employee communications. Jeanne has her BBA in general business and finance from UMASS Amherst, her MBA from Suffolk University, and has both her SHRM-SCP and SPHR certifications. “Putting people first has always been a cornerstone of our company values and continuing to do so is critical to the success of our business,” said Karl Pessinis, COO, MedAcuity. “Jeanne will be instrumental in evolving the MedAcuity culture to create an even more positive and inspiring environment where team members know they are valued and have access to needed resources for professional development. We want everyone who works at MedAcuity to feel supported and to be proud of the work we are doing here, and Jeanne has the ideal expertise to lead our people-centric initiatives.” As director of quality assurance, Andy will ensure that MedAcuity’s engineering teams bring a quality mindset to each client project to ensure the highest standards are achieved in the delivery of its services and capabilities. Andy comes to MedAcuity with over 25 years of quality leadership and quality engineering experience in the medical device industry. During his career, Andy has provided quality engineering, quality leadership and project management support for the development and commercialization of continuous glucose monitors and insulin infusions pumps for Diabetes patients (Becton, Dickinson and Company), Laser Vision Correction systems for Lasik surgery (Abbott Medical Optics), and cardiac output monitoring systems, mechanical/porcine heart valves and pressure monitoring devices for cardiac patients (Medtronic-Heart Valve Division). Andy holds a BS in electrical engineering from Michigan State University. “With our sights set on the next 15 years of successfully partnering with clients to accelerate the development of complex software solutions for all classes of medical devices and robotics solutions, Andy will be a great asset to our team,” said Dennis Fuccione, president & co-founder of MedAcuity. “He is motivated by bringing innovative products to the market that improve people’s health and well-being, and will focus on developing common sense QA practices and expanding our QA service offerings for our MedTech software development projects.” About MedAcuity MedAcuity is a specialized engineering firm that focuses on medical technology software development. The trusted and experienced firm was founded in 2007 by a team of seasoned software engineers who identified opportunities to fill gaps in the engineering expertise and efficiency facing the medical technology industry. MedAcuity offers extensive experience across the MedTech industry with full life-cycle software development and subspecialties in other areas including tool validation, algorithm development, and cybersecurity. www.medacuitysoftware.com Contact Details SVM PR Jordan Bouclin +1 401-490-9700 jordan.bouclin@svmpr.com Company Website https://www.medacuitysoftware.com/

October 12, 2022 10:15 AM Eastern Daylight Time

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