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Covariant Adds $75M in Series C Funds to Meet Customer Demand for Scaled AI Robotics Deployments

Covariant launches from stealth to bring universal AI to robots

New financing brings total raised to $222 million; existing investor participation highlights confidence in Covariant’s roadmap to fix today’s broken supply chain

Today Covariant, the world’s leading AI Robotics company, announced it has raised an additional $75 million in Series C funds, bringing its total funding to $222 million. Returning investors Radical Ventures and Index Ventures co-led the round, which also saw additional funding from returning investors Canada Pension Plan Investment Board and Amplify Partners. The round also welcomed new investors Gates Frontier Holdings, AIX Ventures, and Northgate Capital.

The funding will be used to ensure today’s leading retailers and their logistics providers are able to deploy robotic picking quickly and without disruption to their current operations – guaranteeing that they see value on Day One. This comes at a time when retail executives are eager to invest in AI-powered robotic automation: according to a Covariant-led research survey from February 2023, more than 80% of retail leaders see automation as a key solution for navigating operational uncertainty in an unpredictable marketplace – and 98% plan to further invest in AI Robotics in 2023 despite current economic conditions.

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“The leading companies have turned to AI Robotics to automate their most manual operations in order to decrease labor costs, increase throughput, and control profitability”

“The leading companies have turned to AI Robotics to automate their most manual operations in order to decrease labor costs, increase throughput, and control profitability,” said Peter Chen, Chief Executive Officer, Covariant. “The past year for Covariant has been incredible with 6x growth in 2022 – and we are just getting started. This infusion of new capital allows us to scale even faster, ensuring more retailers can automate more parts of their fulfillment networks to remove manual bottlenecks, handle fluctuating demand, and better prepare for ever-changing business needs.”

Since its initial Series C in 2021, Covariant has taken its industry-leading AI platform – the Covariant Brain – and successfully applied it to a broad set of piece-picking and case-picking applications that represent today’s manual warehouse operations. In less than two years, the company’s product portfolio has grown to include order sortation, item induction, good-to-person order picking, kitting, and depalletization solutions – all powered by a unified AI platform. By leveraging the first foundation model for robotics, retailers, 3PLs, and warehouse integration providers are able to leverage the same AI platform to power a variety of robotic systems regardless of use case, facility type, or location. Connected robots learn as a fleet – enabling operational improvements to automatically propagate across customers’ networks. Read more about Covariant’s growing number of customer deployments – including Radial, Inc.’s recently announced deployment of 12 AI-powered robotic putwalls – here.

“Covariant has proven it’s the world’s leading AI Robotics company, with AI enabling the successful deployment of robots at scale to secure global supply chains. That helps brands improve consumer trust, retailer confidence, and profitability, even in a time of economic uncertainty,” said Jordan Jacobs, Managing Partner of Radical Ventures.

Mike Volpi, Partner at Index Ventures, believes Covariant maintains a strong competitive advantage amidst an increasingly compelling market: “Many companies are trying to break into the AI Robotics space, but Covariant has been making significant progress for years now. I’m confident that their team, which represents the best minds in AI, and their approach of deploying a unified AI platform are shaping the future of automation, and look forward to the additional progress they’ll make in the years ahead.”

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Quantiphi Named NVIDIA Partner Network Service Delivery Partner of the Year

Quantiphi has been named the NVIDIA Partner Network Service Delivery Partner of the Year for the Americas for the second year in a row, due to its exemplary contribution in the fields of Applied AI and data science

Quantiphi, an AI-first digital engineering platforms and services company, has been named the 2023 NVIDIA Partner Network (NPN) Service Delivery Partner (SDP) of the Year for the Americas region.

This announcement distinguishes Quantiphi — which received the award for the second year in a row — within NPN for its proven capability to help customers build end-to-end AI workflows. Quantiphi earns this accolade for its deep technical understanding of the NVIDIA AI Enterprise software stack and NVIDIA DGX platform, coupled with subject-matter expertise in large language models, genomics, physics-informed machine learning, and hybrid computing.

“We’re proud and honored to have won the SDP of the Year award for the second time in a row. The pace of AI innovation at NVIDIA is second to none and this award is an indicator of how effective our AI Services Delivery methodology has become in translating this innovation into tangible value for Global 2000 organizations and startups alike,” said Siddharth Kotwal, Global Head of NVIDIA Practice at Quantiphi. “We’ve built ground-up expertise in NVIDIA technologies spanning DGX, the NeMo framework, RAPIDS, Clara Discovery, Riva, Omniverse Avatar Cloud Engine and Metropolis – making us an ideal AI services partner for NVIDIA customers and NPN partners that need thought leadership and engineering support.”

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“Enterprises adopting AI are seeking partners with the AI and industry expertise needed to solve complex business challenges through transformational strategies,” said Craig Weinstein, Vice President of the Americas Partner Organization at NVIDIA. “Quantiphi’s deep subject-matter expertise — spanning NVIDIA AI solutions for healthcare, financial services, telecommunications and more — paired with its workforce of more than 400 NVIDIA Deep Learning Institute-certified professionals enables customers to move efficiently from planning to production AI deployments.”

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“This award embodies our mastery in building and scaling enterprise-grade solutions with the NVIDIA AI, DGX and Jetson Orin platforms,” said Asif Hasan, Co-founder at Quantiphi. “In our 10 years of existence as an AI-first digital engineering company, Quantiphi has always been committed to finding newer ways to leverage AI and accelerated computing for solving novel problems at the heart of a customer’s business. Our collaboration with NVIDIA has made it easier for us to move in lockstep with the most meaningful academic and engineering advancements in AI – large language modeling, protein folding, generative chemistry and physics-informed neural networks. We look forward to continuing to drive the adoption of NVIDIA products in the enterprise across all cloud platforms and industries.”

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SutiSoft Launches Spend Management Platform, an All-in-One Solution for Streamlining the Procure-to-Pay (P2P) Suite

Since its inception, SutiSoft has been striving to digitally transform the enterprise spend management process. With so much effort, the company has now put forth an AI-powered solution – “Spend Management Platform” to help businesses manage their source-to-pay process from a single interface.

SutiSoft’s spend management platform offers a comprehensive suite of solutions designed to streamline key business processes, including Procurement, Supplier Relationship Management, Contract Lifecycle Management, eSign, Document Management System, Asset Management, Accounts Payable, Invoicing, and Travel Expense Reporting.

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“SutiSoft’s spend management platform is the most sought-after solution in the global market, with greater scalability, flexible workflows, & comprehensive reporting.Unlike traditional solutions, the platform can be integrated with various third-party apps – including Microsoft Dynamics GP, NetSuite, and Sage Intacct– allowing businesses to connect and sync data from diverse systems seamlessly.”

 

–  N.D. Reddy, CEO

One of the significant benefits of using SutiSoft’s platform is the ability to integrate these core processes seamlessly through its ecosystem. Here’s a closer look at how the platform facilitates integration:

Procurement: SutiProcure helps businesses create requisitions, RFQs/RFPs, and purchase orders (POs) while providing visibility into the procurement cycle.

Supplier Relationship Management (SRM): From strategic sourcing to onboarding,SRM automates all phases of the supplier management process in just a few clicks.

Contract Lifecycle Management (CLM): From contract creation to renewal, SutiCLM automates the entire contract lifecycle management process.

eSign: Vendors can quickly sign contracts online and store securely in the Document Management System.

Asset & Inventory Management: SutiAIM lets businesses spend smarter by offering real-time visibility into inventory and helps control overbuying.

Accounts Payable:Invoices can be created from purchase orders and validated against POs &receipts with 2-way, 3-way and N-way matching processes.

Accounts Receivable(AR): SutiAR enables businesses to process invoices for billing and receive payments from customers.

Travel & Expense Reporting: SutiExpense uses AI and ML to automate the corporate travel & expense reporting process and to generate a detailed audit trail of the report. The solution can help identify out-of-policy expenses and fraudulent transactions.

Overall, SutiSoft’s Spend Management Platform can help businesses automate their spend management process and derive significant cost savings.

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Evisort Recognized as a 2023 Gartner Peer Insights Customers’ Choice for Contract Life Cycle Management (CLM)

Evisort introduces industry's first smart OCR AI with multi-language  capabilities and expands clause library to accelerate end-to-end contracting

Evisort, the no-code contract intelligence platform loved by legal, procurement and sales operation teams worldwide, today announced it has been recognized with a Customers’ Choice distinction in the first-ever Gartner Peer Insights™ “Voice of the Customer” for Contract Life Cycle Management report. Evisort, which provides AI-powered CLM technology, has been placed in the upper right quadrant based on customer feedback for the company’s sales experience, deployment experience, product capabilities, and support experience.

“We are honored to be recognized by our customers in the Gartner ‘Voice of the Customer’ for Contract Life Cycle Management report,” said Jerry Ting, CEO and founder of Evisort. “Our customers have spoken, and we think Evisort’s CLM solution is exactly what they need to accelerate decision-making and transform their business with AI-powered contract analytics.”

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Evisort demonstrated its commitment to customers and continued innovation in contract intelligence with the recent announcement of artificial intelligence in pre-signature workflows and custom dashboards with drag-and-drop functionality. Evisort AI Labs also introduced generative AI capabilities to help users draft, redline, and negotiate contracts based on existing AI contract data.

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Additionally, In October 2022, Gartner analysts positioned Evisort as a Visionary in the 2022 Gartner Magic Quadrant™ for Contract Life Cycle Management.

The “Voice of the Customer” is a document that synthesizes Gartner Peer Insights’ reviews into insights for IT decision-makers. This aggregated peer perspective, along with the individual detailed reviews, is complementary to Gartner expert research and can play a key role in your buying process, as it focuses on direct peer experiences of implementing and operating a solution. “As expectations rise for legal and operations teams, we must empower our customers to take control of their contract data and drive greater business impact,” said Rachael McBrearty, Chief Customer Officer. “Evisort’s Gartner Peer Insights™ reviews highlight the benefits of AI for CLM and contract data analysis and we couldn’t agree more. With the launch of AI in pre-signature and our enhanced OCR, we will further our goal to democratize AI and change the way business leaders think about and easily access contract data.”

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Virtual AI Being Creation Platform MindOS Set to Launch Global Closed Beta

The Singapore-based generative AI firm Mindverse announced that its creator tool for virtual AI beings for business sales and service, MindOS, will enter its Closed Beta stage on April 18, 2023. Journalists, developers, creators, distributors, and enterprise users may join the Closed Beta launch webinars hosted on April 18th and April 20th at no cost and will be given licenses for MindOS.

The firm’s Closed Beta launch follows its signed partnership and planned rollout of customizable embodied chatbots for one of the world’s 3 largest e-commerce platforms, a global beauty and cosmetics brand, and several e-commerce SMEs.

Mindverse Co-Founder and CEO Fangbo Tao said, “We are thrilled to offer the Closed Beta version of MindOS to trusted developers, journalists, and partners. Our launch webinars will offer a deep dive on our core technology, an AMA with our founders, and a Closed Beta license for attendees to get comfortable with MindOS before our Open Beta. We welcome feedback from Closed Beta participants and look forward to learning how users creatively deploy MindOS to solve productivity bottlenecks, boost conversions, and reduce the drudgery of mundane tasks.”

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MindOS generates AI beings with customizable appearances, personalities, knowledge domains, and app integrations. The tool can be deployed as a chatbot or IVA for service or sales, or as a process automation tool for workplace productivity and internal processes. MindOS supports 30 languages, offers more than 1,000 pre-designed AI beings, and accurately infers intent 97% of the time. MindOS AI beings can be trained with an unsorted training data set such as an onboarding manual, product documents, or full websites, without the need to structure the data. With real-time searching and zero-shot training, those AI beings can be onboarded rapidly to consistently provide high quality responses that are faithful to each brand’s voice.

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Mindverse Co-Founder and COO Kisson Lin elaborated: “The core technology of MindOS is fine-tuned, controllable LLM that allows our users to balance the conversational fluency of an LLM with the need to provide true information and align with a brand’s voice. MindOS AI beings are more easily trained in industry-specific knowledge and firm-specific policies. We see our role in acting as a bridge between unwieldy LLMs and the very specific needs of particular industries like e-commerce, hospitality, customer service, automotive, gaming, education, and MICE. We see the Closed Beta as an opportunity to learn how target industry insiders can deploy generative AI to solve problems for SMEs and enterprises.”

The firm intends to launch Open Beta in the coming months, with an estimated launch in late May in advance of AWE USA. The firm, founded in early 2022, articulates its offering as “Mind as a Service” (MaaS), a riff on AI as a Service, which is expected to grow into a $96 billion industry by 2030, according to Vision Research Reports.

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CallCabinet extends Compliant Call Recording Solutions to Webex Calling and Webex Go

CallCabinet Logo

Webex Calling customers to advance business success with CallCabinet’s revolutionary, cloud-native call recording solutions.

CallCabinet today announced its seventh complete integration within the Cisco and Webex ecosystem, making it one of the few solutions to provide comprehensive integration for Cisco cloud, premise and contact center platforms.

Following the highly successful integrations with Cisco UCM, UCCX, UCCE, HCS, UCM-C Dedicated Instance and Webex Contact Center, CallCabinet continues its integration expansion into additional Webex solutions. Webex Calling and Webex Go customers can now benefit from CallCabinet’s future-proof regulatory compliance, next-gen conversation analytics with custom business intelligence reporting and quality assurance automation.

“It’s another significant milestone that speaks to our unrelenting commitment to advancing business success across platforms – supporting all the ways people communicate in today’s quickly evolving environment,” said Ryan Kahan, CEO of CallCabinet. “Having CallCabinet directly available within the Webex App Hub for rapid deployment to Webex Calling and Webex Go, supports our longstanding integration track record across Cisco platforms.”

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CallCabinet’s solutions allow Webex Calling (Multi-Tenant and Dedicated Instance) customers to actively stay on top of what was said and how it was said during 100% of conversations, and enjoy single-pane-of-glass-views on all voice intelligence metrics specific to their organization.

“Compliant call recording is an essential component of any organization’s cloud collaboration strategy,” said Amey Parandekar, Senior Director of Product Management for Webex Calling. “We’re excited to expand our partnership with CallCabinet to give Webex Calling and Webex Go customers another option for compliant and comprehensive call recording and analytics.”

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Organizations looking to modernize their customer and employee experience, mitigate security risks and continuously meet global compliance and data sovereignty standards, will benefit from CallCabinet’s end-to-end call recording solutions.

Whether in the world’s most heavily regulated industries or those needing to focus on improved customer experience, productivity, dispute resolution and elevated business intelligence, CallCabinet seamlessly complements the Webex Calling experience.

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Snappy Announces Snappy for Salesforce on Salesforce AppExchange, the World’s Leading Enterprise Cloud Marketplace

Snappy customers can now seamlessly send meaningful and magical gifts to clients and prospects, directly through Salesforce, to celebrate key milestones in the client lifecycle – from the first meeting to annual contract renewals and beyond

Snappy, today announced it has launched Snappy on Salesforce AppExchange, empowering customers to deepen client relationships by sending meaningful, high-quality gifts of gratitude directly from the Salesforce dashboard.

Integrated directly with Salesforce Sales Cloud, Snappy is currently available on AppExchange.

With more than 3,000 enterprise customers, Snappy, which offers a “recipient-picks” gifting experience, is trusted and used by more than 43% of Fortune 100 companies. The new Snappy for Salesforce app, designed to help retain and engage clients, highlights the company’s commitment to strengthening relationships and creating deeper connections through personalized gifting.

Sending a client gift is a great way to emphasize how much their time, business, and loyalty are valued and appreciated. This, in turn, creates more opportunities to build trusted relationships throughout the entire customer lifecycle.

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With the new Snappy for Salesforce app, integrated directly with Salesforce, users can:

  • Choose and send Snappy gifts directly through Salesforce
  • Create preset gifting campaigns with a variety of budgets and collections
  • Write personalized messages for more memorable interactions
  • Drive and measure ROI without ever leaving Salesforce
  • Track the status of gifts and see when they are redeemed

“At Snappy, we believe that showing gratitude through meaningful gifting sends a powerful message about how much you value your customers and clients – their time, efforts, and loyalty,” says Hani Goldstein, Snappy’s CEO, and Co-Founder. “Integrating with Salesforce by joining their AppExchange creates more opportunities to extend appreciation and spread joy for Snappy and Salesforce customers.”

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“Snappy is a welcome addition to AppExchange, as they accelerate business transformation for customers by empowering organizations to send, track, and measure gifting campaigns at scale,” said David Lee, Vice President of Product Management, AppExchange, “AppExchange is constantly evolving to connect customers with the right apps and experts for their business needs.”

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Databricks Announces Lakehouse for Manufacturing, Empowering the World’s Leading Manufacturers to Realize the Full Value of Their Data

Lakehouse for Manufacturing offers pre-built solutions, partner-designed Brickbuilder offerings and integrated AI capabilities tailored to customers across the manufacturing, logistics, transportation, energy and utilities industries

Databricks, the lakehouse company, announced the Databricks Lakehouse for Manufacturing, the first open, enterprise-scale lakehouse platform tailored to manufacturers that unifies data and AI and delivers record-breaking performance for any analytics use case. The sheer volume of tools, systems and architectures required to run a modern manufacturing environment makes secure data sharing and collaboration a challenge at scale, with over 70 percent of data projects stalling at the proof of concept (PoC) stage.Databricks’ Lakehouse for Manufacturing breaks down these silos and is uniquely designed for manufacturers to access all of their data and make decisions in real-time. Databricks’ Lakehouse for Manufacturing has been adopted by industry-leading organizations like DuPontHoneywellRolls-RoyceShell and Tata Steel.

Databricks’ newest industry-specific lakehouse goes beyond the limitations of traditional data warehouses by offering integrated AI capabilities and pre-built solutions that accelerate time to value for manufacturers and their partners. These include powerful solutions for predictive maintenance, digital twins, supply chain optimization, demand forecasting, real-time IoT analytics and more. A robust partner ecosystem and custom, partner-built Brickbuilder Solutions offer customers even greater choice in delivering real-time insights and impact across the entire value chain, and at a lower total cost of ownership (TCO) than complex legacy technologies

“We employed Databricks to optimize inventory planning using data and analytics, positioning parts where they need to be based on the insight we gain from our connected engines in real time and usage patterns we see in our service network,” said Stuart Hughes, Chief Information and Digital Officer at Rolls-Royce Civil Aerospace. “This has helped us minimize risks to engine availability, reduce lead times for spare parts and drive more efficiency in stock turns – all of this enables us to deliver TotalCare, the aviation industry’s leading Power-by-the-Hour (PHB) maintenance program.”

With Databricks, organizations can unlock the value of their existing investments and achieve AI at scale by unifying all of their data – regardless of type, source, frequency or workload – on a single platform. The Lakehouse for Manufacturing has robust data governance and sharing built-in, and enables organizations to deliver real-time insights for agile manufacturing and logistics, across their entire ecosystem.

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Powerful industry solutions tailored for the lakehouse

The Lakehouse for Manufacturing includes access to packaged use case accelerators that are designed to jumpstart the analytics process and offer a blueprint to help organizations tackle critical, high-value industry challenges. Popular data solutions for Databricks’ Lakehouse for Manufacturing customers include:

  • Digital Twins: Created from data derived from sensors, digital twins enable engineers to monitor and model systems in real-time. With digital twins, manufacturers can process real-world data in real-time and deliver insights to multiple downstream applications, including process optimization modeling, risk assessments, condition monitoring, and optimized design.
  • Predictive Maintenance: By leveraging predictive maintenance, manufacturers can ingest real-time industrial Internet of Things (IIoT) data from field devices and perform complex time-series processing to maximize uptime and minimize maintenance costs.
  • Part-Level Forecasting: To avoid inventory stockouts, shorten lead times and maximize sales, manufacturers can perform demand forecasting at the part level rather than the aggregate level.
  • Overall Equipment Effectiveness: By incrementally ingesting and processing data from sensor/IoT devices in a variety of formats, organizations can provide a consistent approach to KPI reporting across a global manufacturing network.
  • Computer Vision: The development and implementation of computer vision applications enabled manufacturers to automate critical manufacturing processes, improving quality, reducing waste and rework costs, and optimizing flow.

“Shell has been undergoing a digital transformation as part of our ambition to deliver more and cleaner energy solutions. Databricks’ Lakehouse is central to the Shell.ai Platform and the ability to execute rapid queries on massive datasets,” said Dan Jeavons, VP Computational Science and Digital Innovation at Shell. “With the help of Databricks, Shell is better able to use its full historic data set to run 10,000+ inventory simulations across all its parts and facilities. Shell’s inventory prediction models now run in a few hours rather than days, significantly improving stocking practices and driving significant savings annually.”

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Databricks Partners deliver an ecosystem of powerful, purpose-built solutions for manufacturers

Customers across the manufacturing industry also benefit from vetted data solutions from leading partners like Avanade, Celebal Technologies, DataSentics, Deloitte and Tredence, which are tailor-made to combine the power of Databricks’ Lakehouse Platform with proven industry expertise. Partner Brickbuilder Solutions and popular use cases for the Lakehouse for Manufacturing include:

  • Avanade Intelligent Manufacturing: Avanade enables manufacturers to harness all types of data, drive interoperability and realize more value throughout the manufacturing lifecycle with a comprehensive look at connected production facilities and assets.
  • Celebal Technologies Migrate to Databricks: A suite of proven tools from Celebal Technologies empowers organizations to easily migrate legacy on-premises/cloud environments to the Lakehouse Platform and addresses the key scalability, performance and cost challenges of legacy systems.
  • DataSentics Quality Inspector: With DataSentics, manufacturers can leverage computer vision to automate quality control and easily detect defects, foreign objects and anomalies throughout the manufacturing process, from classification and detection to product segmentation and tracking.
  • Deloitte Smart Factory: Deloitte offers automated Monthly Management Reporting to deliver dynamic insights and enable a digital organization supported by an enterprise data lake and advanced analytics.
  • Tredence Predictive Supply Risk Management: Tredence unifies siloed data and drives end-to-end visibility into order flows and supplier performance with a holistic view of the entire supply chain, coupled with real-time data to assess risk factors and prescriptive, AI-powered recommendations across all supply chain functions.

“Avanade is delighted to partner with industry innovators like Databricks. As the leading Microsoft Partner for Manufacturing, we see manufacturers getting smarter about how they use digital technologies – because they have to. Times are tough and innovations today must deliver more value more quickly across more of the organization than ever before. The potential of lakehouse is truly exciting and will play a significant part in our Industry X and Smart Digital Manufacturing services,” said Thomas Nall, Avanade Manufacturing Lead.

“Using the Lakehouse for Manufacturing, a business can utilize all data sources in their value chain so that the power of predictive AI and ML insights can be realized to identify inefficiencies in production processes, improve productivity, enhance quality control, and reduce supply chain costs. This data-driven manufacturing is where we see the industry going as companies seek to accelerate their Smart Factory transformations,” said Anthony Abbattista, Principal and Smart Factory Analytics Offering Leader at Deloitte Consulting LLP.

“With rising costs, plateauing industrial productivity, and talent gaps, manufacturing companies are facing unprecedented operational challenges. At the same time, autonomy, connectivity and electrification are shaping an entirely new approach of software-defined products that require a transformation of the business and operating model to be competitive and innovative. In the next 5 years, the companies that outperform in this industry will be the ones that not only manage data but effectively operationalize the value from data, analytics and AI at scale,” said Shiv Trisal, Global Industry Leader for Manufacturing at Databricks. “We are very excited to launch tailored accelerators that target the industry’s biggest pain points, and collaborate with leading partners to introduce Lakehouse for Manufacturing, enabling data teams to boost industrial productivity, gain nth-tier supply chain visibility and deliver smarter products and services at an accelerated pace.”

The introduction of the Lakehouse for Manufacturing comes on the heels of the recent release of Databricks Model Serving, for fully managed production ML and a new, native integration with VS Code. For more information, visit Databricks’ Lakehouse for Manufacturing homepage.

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CobbleStone Recognized as High Performer for Contract Management Software in G2 Spring 2023 Report

CobbleStone Contract Insight has achieved high scores on the Contract Management Software Grid Report for Spring 2023 by G2, the world’s largest and most trusted software marketplace.

CobbleStone Software, a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrix™ 2022 report  continues to be recognized for raising industry standards this time for its immersive contract management software.

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Being recognized as a High Performer signifies the quality of our immersive contract management system. We strive to provide efficient features for contracting professionals that help streamline the contract lifecycle,” – Bradford Jones, VP of Sales & Marketing at CobbleStone Software

G2’s Contract Management Report showcases companies that score high in different categories including:

> Number of Reviews
> Satisfaction Rate
> Market Presence

CobbleStone’s recognition by G2 is based on the question responses of real business professionals for each of the above-mentioned factors featured in the G2 review forum.

CobbleStone achieved High Performer on the Grid Report by receiving dozens of positive reviews from verified users compared to similar products in the Contract Management Software category.

“Being recognized as a High Performer for Spring 2023 signifies the quality of our immersive contract management system,” says Bradford Jones, Vice President of Sales and Marketing at CobbleStone Software.

“We strive to provide efficient features for contracting professionals that help streamline the contract lifecycle.”

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Workrise Hires Ed Neumann as Chief Financial Officer and Promotes Joshua Trott to Chief Revenue Officer to Advance Strategic Growth

Workrise, the leading workforce and vendor management platform serving the energy sector, has named Ed Neumann as the company’s first Chief Financial Officer (CFO) and announced the promotion of Joshua Trott to Chief Revenue Officer (CRO). Both Neumann and Trott will be members of Workrise’s executive leadership team and report to Chief Executive Officer Mike Witte.

Neumann will be responsible for Workrise’s corporate finance function, including accounting, tax, treasury, and strategic financial planning and reporting. He is a three-time CFO in the technology space, most recently at ShopKeep, where he directed the company’s sale to Lightspeed Commerce in November 2020. Neumann brings more than 30 years of financial and operations experience, including 15 years in the fintech, e-commerce, and cloud-based SaaS industries. He has consistently delivered scale and financial results while overseeing initial public offerings and a number of acquisitions, divestitures, and integrations.

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“Ed and Josh’s leadership will be critical as we consolidate Workrise’s wins of 2022 and look to accelerate our growth in 2023 and beyond”

Trott served as Workrise’s Head of Oil & Gas for nearly two years, overseeing over 50% revenue growth, and shepherding the company’s rise to No. 1 upstream labor provider in the United States.

“Ed and Josh’s leadership will be critical as we consolidate Workrise’s wins of 2022 and look to accelerate our growth in 2023 and beyond,” said Workrise CEO Mike Witte. “With his proven track record at several high-growth tech companies, Ed is uniquely capable of helping Workrise build on our momentum. Josh’s success on our leadership team over the last two years, paired with his extensive connections and industry knowledge, give us full confidence he’s the right person to oversee all revenue operations across Oil & Gas and renewables.”

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