Software – Swanson Reed | Specialist R&D Tax Advisors

iSciences Secures Funding Award from NASA

iSciences LLC has secured funding from NASA for a 3-year project: Sustaining the Geospatial Data Abstraction Library.

NASA recently awarded $15.6 million in grant funding to 15 different projects in an effort to support the maintenance of open-source tools, frameworks, and libraries used by the NASA science community, for the benefit of all.

The grants are funded by NASA’s Office of the Chief Science Data Officer through the agency’s Research Opportunities for Space and Earth Science.

iSciences has made a name for itself, monitoring freshwater resources and forecasts with a proprietary Water Security Indicator Model. The company secured funding from NASA’s Sustainment Awards category. The funding will support the company as they strive to support and sustain a geospatial data abstraction library – a tool essential to evidence0based analysis.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

WarrCloud Secures $20M in Series B Funding

WarrCloud, a St. Louis – based tech firm, has raised $20 million in Series B funding. The round was led by Centana Growth Partners with participation from Argentum and Automotive Ventures.

WarrCloud has developed an automated warranty processing platform that fits seamlessly within their user’s systems. The new funding will expand their offering, using AI to further enhance warranty claims automation.

The company has had a big year, announcing partnerships with FordDirect, the Missouri Automobile Dealers Association (MADA), and American International Automobile Dealers Association (AIADA).

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

TensorWave Secures $43M SAFE Funding

Nevada-based TensorWave has secured $43 million in a SAFE funding round – or a “Simple Agreement for Future Equity”. Startups use SAFEs to receive funding without determining a valuation or issuing equity immediately.

The cutting-edge cloud platform and AI startup has been fighting to break NVIDIA’s control over the AI industry by building alternative solutions that rival both performance and price. The SAFE funding will enable TensorWave to increase its data center capacity by deploying thousands of AMD Instinct MI300X GPUs. The company will also expand its team and develop its new inference platform.

TensorWave aims to meet the increasing demands in the global AI market, projected to soar from $196.63 billion in 2023 to $1.81 trillion by 2030. With their cloud service, TensorWave provides essential infrastructure for future AI applications.

TensorWave CEO Darrick Horton noted the importance of this funding for scaling operations, stating, “This funding allows us to significantly scale our team and deploy thousands of AMD Instinct AI accelerators to empower the startups and enterprises shaping our technological future.”

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Alaska Airlines and UP.Labs Launch First Startup

Odysee, a software platform, is the flagship startup launched by UP.Labs in partnership with Alaska Airlines in 2023. The startup launched with $5 million in seed funding led by UP.Partners.

The startup is leveraging artificial intelligence (AI) to optimize flight schedules. The company is able to run hundreds of simulations in seconds, performing stress-tests for future schedules. The idea is that the system could enable airlines to make informed real-time tradeoff decisions to improve operational logistics. The platform will ensure the best use of each aircraft asset and the interconnections between them, empowering teams to more effectively optimize one of the most complex areas of an airline’s business.

This AI-powered flight schedule optimization solution marks a significant milestone in the journey that began at last year’s UP.Summit. Last year, the two companies announced their partnership and set a vision to solve core strategic challenges for the aviation industry with new companies that help unlock the future in transportation and mobility.

“What sets Odysee apart is its ability to help airline schedulers assess the various tradeoffs that come with certain schedule changes, allowing them to make more informed choices in building comprehensive flight schedules,” says Odysee Chief Executive Officer, Steve Casley. “Our team is excited about the power and efficiency this technology will provide to Alaska Airlines and all future customers and the opportunity to continue building out its functionality.”

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Strider Technologies Secures $55M in Series C Funding

Strider Technologies, Inc. has closed a successful Series C funding round, bringing in $55 million. The round was led by Pelion Venture Partners.

The company plans to use the funding to continue developing their AI-driven capabilities within its integrated global intelligence platform. They also plan to expand operations to new geographies in Europe and Asia.

Strider is a strategic intelligence company focused on building proprietary methodologies to transform publically available data into critical insights. This enables users to make decisions confidently.

Since launching in May 2019, Strider has secured $110 million in venture capital funding, grown to nearly 200 employees, and secured multiple patents, while establishing its position as a first mover and category creator.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Aembit Secures $25M in Series A Funding

Using Wi-FI? Here are three things you need to know about the KRACK in the system

Aembit, a leading non-human identity (NHI) IAM startup, has secured $25 million in Series A funding, bringing the total capital raised to nearly $45 million.

Aembit is a non-human Identity and Access Management (IAM) company focused on developing SaaS solutions to manage all the non-human access steps. That means the use of identity, policy-based, and MFA controls. Their goal is to bring improved cybersecurity to entities, limiting credential theft and loss.

This new funding comes after an increase in cybersecurity attacks including non-human identity attacks on Cloudflare, The New York Times, and Microsoft. NHI refers to the applications, scripts, and bots that businesses routinely use to automate their operations. These NHIs use credentials to communicate with sensitive databases, applications, and infrastructure. When compromised, hackers can access secrets like API keys, access tokens, and more.

Aembit’s solution is aimed at improving management of these NHIs. Leveraging native identities and sophisticated automation, organizations use Aembit to eliminate storage of sensitive secrets within applications or vaults by moving to short-lived access tokens with a no-code auth approach. With Aembit, businesses proactively secure non-human access while eliminating the manual and fragmented work required today by security, engineering, and DevSecOps teams.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

The Rounds Secured $24M in Series B Funding

Kentucky Patent of the Month - December 2021

The Rounds, an inventory management platform focused on recurring grocery deliveries, has secured $24 million in Series B funding in a round led by Moderne Ventures with support from FJ Labs.

The Rounds plans to use the funding to scale their AI-powered service. The company’s business model revolves around sourcing products directly from producers in bulk, refilling them in reusable packaging, and delivering them weekly through its bespoke two-way last-mile logistics network.

The company’s AI models predict the everyday items you may need refilled in your home. Recently, the company introduced AI-enabled features that allow members to customise their ‘Refill Day’ and manage product refills either on a one-time or recurring basis with the ‘Psychic Home Manager’ feature.

The Rounds has also broadened its product range with over a hundred new stock-keeping units, including fresh produce and local goods

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Farmblox Expands from Maple Syrup to Vineyards

Shortly after raising $2.5 million, Farmblox Inc. has announced plans to expand their operations from maple syrup to vineyards and orchards. The agricultural monitoring startup develops AI-based solutions to monitor crops.

The company was founded in January of 2023, with rapid growth bringing them to 55 live farm customers. Farmblox says its platform has grown tenfold in the last year as customers adopt the technology at the forefront of addressing critical challenges posing significant threats to the global food supply.

Farmblox’s technology enables remote monitoring in all weather conditions, gathering data into a simple dashboard. With data at your fingertips, farmers can identify operational issues in moments.

The seed funding will enable expansion of both their operations and their technology. The company plans to offer data on soil moisture, soil CO2, soil temperature, leak detection, tank and silo levels, ambient temperatures, freeze risk, water usage, irrigation pressure, pump conditions, and weather conditions.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Slingshot AI Secures $30M in Seed Funding

Slingshot AI has reportedly raised $30 million in a seed funding round led by Andreessen Horowitz. The round also saw participation from Felicis Ventures, BoxGroup, Gokul Rajaram, Jerry Murdock, Bryan Baum, Sumeet Gajri, Arjun Sethi, Mike Stoppelman, Liu Jiang, Cory Levy, and David Cahn.

The AI mental health startup, based in both New York and London, plans to use the seed funding to expand operations and increase development efforts.

Slingshot AI was founded to build solutions for mental healthcare using AI. To achieve this, they are building AI models to delve into human psychology and learn more about human nature. Their goal is to help people change their minds and take on any challenge that arises.

At present, the startup partners with organizations around the globe to bring their technology to real use. These applications have included AI-assisted crisis text response and AI counseling. In parallel, these applications build real datasets to further power the startup’s models.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Holonym Foundation Secures $5.5M in Seed Funding for Human Keys

Delaware’s Holonym Foundation has announced a successful $5.5 million seed funding round. The round was led by Finality Capital and Paper Ventures, with participation from Arrington Capital, Draper Dragon, Lightshift and more.

The startup is building the next generation of digital identity security for a decentralized web. The idea? To build the core principles needed to enable citizens with a digital identity to prove their personhood. How? Using cryptography.

Cryptographic keys secure every digital interaction on the internet. Holonym plans to use this premise in a more sophisticated way. Their “Human Keys” approach turns humans into keys rather than creating private keys from random phrases. This new framing shifts ownership of digital assets from the holder of a random seed, to the human that can uniquely prove their biometrics. Human Keys make the ownership layers of the internet built on top more consumer-friendly, decentralized, and secure. This new framing shifts ownership of digital assets from the holder of a random seed, to the human that can uniquely prove their biometrics. Human Keys make the ownership layers of the internet built on top more consumer-friendly, decentralized, and secure.

Shady El Damaty, co-founder of Holonym, says this is just the start for the Holonym Foundation. “Human Keys will redefine how citizens interact with the internet by limiting the overreach of power and hardening individual rights with resilient decentralized protocols built on Zeronym and Mishti Network.”

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.