Cognitive Space uses AI for satellite operations, Vestex to join Big Data space and more!

Startup Cognitive Space using artificial intelligence to control satellite operations

Cognitive Space has secured $4 million in early investment for its artificial intelligence-based software meant to control imaging satellite constellations. 

Grit Ventures led the investment round for the Houston-based business, which also included Argon Ventures, Techstars, SpaceFund and other investors.

The company's software tools, according to CEO Scott Herman, are being utilized by U.S. national security agencies to test concepts such as how data may be obtained via hybrid architectures of government and commercial imagery satellites.

Artificial Intelligence Helps Colorectal Polyp Classification Trial

Dartmouth-Hitchcock Medical Center and Cheshire Medical Center are conducting a clinical study after developing an artificial intelligence tool utilizing retrospective data.

The researchers created the program, which employs artificial intelligence, to categorize the four common kinds of colorectal polyps removed during a colonoscopy screening. Their results were comparable to the same work done by pathologists.

According to the researchers, this demonstrates that their artificial intelligence model is reliable and could be used on a wide range of external datasets.

Fleet Space to develop IoT Nanosatellite Connectivity with raised $26 million investment

Fleet Space Technologies has raised $26 million in Series B investment to expand its fleet of nanosatellite IoT connection satellites.

In-Q-Tel, Artesian Venture Partners, Blackbird Ventures, Grok, Horizons Ventures, Alumni Ventures, Hostplus, and SAVC contributed to the company's valuation of $126 million.

Vistex enters the Big Data space with the acquisition of Webdata Solutions GmbH

Vistex Inc., a global leader in pricing, trade, royalties, and incentives management systems, announces the acquisition of the assets and team of Webdata Solutions GmbH, a leading technology supplier of online market data that enables better pricing and product decisions for global enterprises.

In order to properly plan, implement, and assess the efficacy of pricing and commercial models in the ever-changing world of B2B, B2C, and increasingly D2C (Direct-To-Consumer), firms must include both internal and external data. 

According to Carina Röllig, Founder and Managing Partner, just collecting product and pricing data is insufficient. However, it should be integrated with the organization's business processes.

Databricks Acquires 8080 Labs for No-code Data Science Tool

Databricks acquired the German low-code/no-code firm 8080 Labs to expand its lakehouse platform to citizen data scientists.

According to Databricks, 8080 Labs is the creator of bamboolib, a UI-based data science platform that enables data exploration and transformation in a matter of clicks, not code.

The new user-interface-driven features will be integrated across Databricks' Lakehouse Platform, signaling the company's entry into the low-code/no-code area.