Cloudera and Pinecone announce partnership to accelerate development of AI Applications

Partnerships 
Adyen partners with Plaid to offer Pay-by-Bank services in North America
It aims to provide businesses with an optimized and cost-efficient payment solution. The partnership will contribute to lower payment costs and increased conversion rates. Read More>>
Cloudera and Pinecone announce partnership to accelerate development of AI Applications
They will improve AI applications through the integration of the Pinecone vector database into the Cloudera Data Platform. This partnership enhances AI context for more accurate responses, reducing costs and improving customer experiences. Read More>>

Centre Setup and Expansion
Coupang opens second logistics center in Taiwan
The center features AI and machine learning technologies. The company aims to support over 12,000 domestic small and medium-sized businesses in Taiwan. Read More>>

Mergers and Acquisitions
Atlassian enhances Enterprise Asset Management Capabilities with AirTrack acquisition
It aims to provide organizations with improved asset monitoring and reduced operational risks. This acquisition extends asset management capabilities beyond IT applications. Read More>>
Testing Provider Element acquires Filton Systems Engineering
The company aims to enhance its aerospace, digital, and hydrogen testing capabilities. Filton Systems Engineering specializes in fluid systems and has recently developed liquid hydrogen testing capabilities. Read More>>

Executive Movement
DOMA Technologies appoints Damian Breland as Chief Technology Officer
With over 20 years of experience in the health and technology sectors, Damian will oversee technical operations, research and development, and provide innovative customer solutions. Read More>>

Product Launch
TeamViewer unveils major update for Tensor with enhanced security features
The update includes enhanced security features, new mobile device management capabilities, and a redesigned user interface with session links, among other improvements. Read More>>

Partnerships
Whipflip Inc. further strengthens partnership with JD Power
Whipflip Inc. aims to enhance its expansion, leverage data and insights for efficient car-selling operations, and improve the customer experience. Read More>>

Centre Setup and Expansion
Meta opens its new international headquarters in Ballsbridge, Dublin
The move brings over 2,000 full-time employees to the new campus with additional locations in Meath and Cork. Read More>>

Merger and Acquisition
Instructure to acquire Parchment for USD 835 Mn
This acquisition will expand Instructure’s customer base and enhance its offerings in the academic credentialing space. Read More>>

Product Launch
Canva revolutionizes classroom learning with a major education Product Launch
Canva launches a comprehensive suite of tools for education to provide a library of classroom resources, AI-driven features, and lesson planning capabilities to enhance digital and design literacy in classrooms. Read More>>

• Vertex introduces Vertex Cloud VAT Compliance, which simplifies compliance with complex VAT regulations, including evolving legislation like One Stop Shop (OSS) and real-time reporting. It offers integrated data quality, validation tools, and workflow automation, and supports multiple regions 
• The collaboration with Vertex’s product team aims to create a customer-centric solution for multinational companies, addressing evolving VAT compliance needs with features like workflow automation and data validation. 
• Vertex offers an all-encompassing global solution to mitigate risk and tackle compliance challenges amid changing VAT regulations and heightened transparency demands.

Key Funding Alert

Traba raised USD 22 Mn for Light Industrial Staffing Marketplace Platform
The funding round was led by Founders Fund, with participation from Khosla Ventures. Traba connects businesses with temporary staff, streamlining the process with machine learning, AI, and real-time staffing requests. This funding will support expansion into new regions and further product development. Read More>>

Startup Spotlight

Company – Site Technologies 
Total Funding – USD 10 Mn
About: Site Technologies integrates the physical and digital world to optimize real estate asset management decision-making. The company utilizes imagery to offer clients proactive, predictive, and actionable data designed to extend the lifespan of their properties and save time and money. Read More>>

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