Keysight Technologies | December 01, 2022
Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that delivers advanced design and validation solutions to help accelerate innovation to connect and secure the world, announced that MediaTek has used Keysight’s 5G Network Emulation Solutions to establish connectivity to its 5G chips using the 3GPP 5G Release 17 (Rel-17) and the 5G reduced capability (RedCap) specifications.
Through its collaboration with Keysight, MediaTek successfully established a 5G Rel-17 data call on its Dimensity 5G chipsets. This will allow MediaTek to accelerate the deployment of new Rel-17 5G features including reduced power use, and enhanced MIMO capability.
Keysight’s network emulation platform also enabled MediaTek to validate RedCap connectivity on its 5G chips. The 5G RedCap specification introduces support for wireless devices with reduced 5G capabilities. These devices are less complex, lower cost, and consume less power, allowing them to address new use cases such as industrial sensors and wearables.
Keysight's 5G wireless network emulators and device test solutions enable the entire mobile device ecosystem to accelerate the market introduction of new wireless devices by streamlining the workflow from early prototyping, development, and design verification to conformance, carrier acceptance, and high-volume manufacturing. These tools continue to rapidly evolve to keep pace with 5G market leaders offering unmatched breadth and depth of coverage.
“We are pleased to continue working with MediaTek on advancing 3GPP Release 17 technologies and RedCap, which is the latest 5G NR standard to unleash new use cases to the wider IoT market and wearable devices beyond the traditional smartphone use cases. It’s exciting to collaborate with MediaTek to accelerate the deployment of the latest 5G technology at the pace of their go-to-market plans.”
-Peng Cao, Vice President and General Manager of Keysight’s Wireless Test group.
Dr. Ho-Chi Hwang, General Manager of Wireless Communication System and Partnerships at MediaTek, said: MediaTek has been working with the Keysight 5G test platform for the latest Rel-15/16/17 standard to extend the technological advantage of our wide-ranging 5G products. The Keysight platform supports MediaTek's ability to develop industry-leading 5G modem platforms, which in turn enable a growing ecosystem of 5G device innovators.
About Keysight Technologies:
Keysight delivers advanced design and validation solutions that help accelerate innovation to connect and secure the world. Keysight’s dedication to speed and precision extends to software-driven insights and analytics that bring tomorrow’s technology products to market faster across the development lifecycle, in design simulation, prototype validation, automated software testing, manufacturing analysis, and network performance optimization and visibility in enterprise, service provider and cloud environments. Our customers span the worldwide communications and industrial ecosystems, aerospace and defense, automotive, energy, semiconductor and general electronics markets. Keysight generated revenues of $5.4B in fiscal year 2022.
Braskem | December 05, 2022
Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), the market leader and pioneer in the production of biopolymers on an industrial scale, has been investing regularly in new technologies and digital innovation for more than five years. The move is crucial to further consolidating the company's leadership position in the chemical industry, leveraging its innovative and competitive edge to generate sustainable impact and results.
Braskem has been increasingly investing in digital technologies to boost competitiveness and productivity, drive growth across existing businesses, and accelerate gains in innovation and sustainability. Since 2018, when the company's digital transformation began, Braskem has been making direct investments in technology. This year, around US$7 million were invested in the digital transformation portfolio. "Braskem plans to grow investments to develop and streamline its strategic, operational areas. Our technology spending spans from preparing the entire infrastructure needed for the safe and reliable functioning of our assets to initiatives that transform the industry," explained Daniel Sales, Vice President of Investments and Digital Technologies at Braskem.
Investments made in recent years enabled the company to advance in applications that make the industry smarter, safer, more independent, and more connected. Currently, digital strategies are transforming Braskem's entire value chain, estimated to generate around US$90 million yearly, making up the recurring gains reported through the program Transform for Value. The company already has more than 25 transformational initiatives. It is developing more than 70 digital products for industry 4.0 and the supply chain, commercial, research, and development areas, among others.
An example is using data science to improve decisions, such as predictive maintenance, quality control, and process optimization. Moreover, the operations planning process was impacted by the deployment of data platforms designed to help decision-making, such as demand forecasts. Investments have also been made in products that improve the customer experience using tools based on design concepts and customer experience best practices.
Improvements in people and process management
Braskem developed SPEAR, its own iterative and collaborative approach to managing the inevitable changes in work processes caused by the new digital tools. The method brings greater flexibility and collaboration to market best practices in change management and has been used to drive the adoption of dozens of digital products at Braskem.
An integral part of this digital transformation process has been promoting agile working methods and acquiring skills associated with developing digital solutions. Over 3,000 team members gained data science, agility, and design thinking knowledge in five years. Braskem has developed most of these solutions in-house, with its teams working in quick feedback cycles, which enables them to learn and adapt to changes efficiently. The development cycle for digital products - from conception to deployment of the new solution - is shorter than a year, which often enables the company to capture the benefits quickly.
"Our team members have been an important part of this digital transformation movement. They are invited to get involved directly in developing digital products that will transform the way they work or to send suggestions for problems to be solved through new technologies and acquire new skills for future work. One example is that our specialists have already developed more than 100 machine learning models in recent years."
-Guilherme Baeta, Chief Digital Officer of Braskem.
Investments in innovative businesses
Apart from investments in digital innovation, Braskem is diversifying its investment portfolio by creating new business models and incubating internal startups, developed from ideas generated within the company. The mission of these digital businesses is to anticipate market changes that affect the company and the industry in general. More than half the startups under development are linked to the company's commitments to sustainable development.
An example of betting on innovative new businesses is the launch of Oxygea, a startup hub that will receive approximately US$150 million in investments. The initiative will foster disruptive innovations through different mechanisms for interacting with startups, always focusing on sustainability and digital transformation. The hub is based on two pillars: Venture Builder, a tool for structuring and incubating new businesses, including those conceived inside Braskem, and Corporate Venture Capital (CVC), for investments in more mature startups. Of the total amount, US$50 million will be allocated to the incubation arm and US$100 million to the investment arm.
One of Oxygea's main goals is to create and accelerate the development of new solutions and products that are inexistent in the market. For this, it plans to foster entrepreneurship and innovation while strengthening Braskem's relations with the ecosystem of startups focused on sustainable technologies. The hub will allocate funds to ideas with transformative potential considering their competitive advantages.
The company also has Braskem Labs, its startup acceleration program, which reached its eighth edition this year. Its goal is accelerating businesses that create positive social and environmental impact through chemicals and plastic across diverse industrial and economic sectors. Since its creation in 2015, over 110 startups have been accelerated, and around 30% have struck business deals with Braskem or co-sponsors. Last year, 45% of the solutions accelerated by Braskem Labs focused on the circular economy. Braskem Labs is a partner of Quintessa, an impact accelerator that is present in all phases of the program.
Another notable initiative is the partnership with AgTech Garage, a hub of agrotech located in Piracicaba, one of Brazil's most important agribusiness regions. The company will connect startups with other AgTech Garage partners to foster the development of sustainable and innovative plastic solutions for agribusiness through open innovation.
With a strategy centered on people and sustainability, Braskem is engaged in contributing to the value chain to strengthen the Circular Economy. Braskem's 8,000 team members dedicate themselves every day to improving people's lives through sustainable solutions in chemicals and plastics. With its corporate DNA rooted in innovation, Braskem offers a comprehensive portfolio of plastic resins and chemical products for diverse industries, such as food packaging, construction, manufacturing, automotive, agribusiness, health and hygiene, and more. With 40 industrial units in Brazil, United States, Mexico and Germany, Braskem exports its products to clients in over 71 countries.
Pelico | November 16, 2022
Pelico, the factory operations SaaS platform that empowers manufacturers to deal with rising levels of complexity and volatility in their operations, today announced that it has raised $18M led by 83North and Serena with participation from La Famiglia & ISAI as well as multiple business angels such as Adrien Nussenbaum (Mirakl), Carsten Thoma, Bastian Nominacher (Celonis)... This new fund will give the opportunity to Pelico to grow its team, significantly invest in its technology and expand its internal presence.
Supply chain and manufacturing have become more complex than ever, with volatile demand, fragmented supply chains and an increasing complexity in products. Because operational context changes faster than the teams’ ability to plan, those teams spend their time firefighting these unplanned disruptions. This puts at risk revenue as sales are delayed, and margins as last minute solutions are costly. Pelico acts as an operations management system for factory teams. It empowers factory teams to:
continuously anticipate bottlenecks such as part shortages,
act fast with AI-assisted recommendations and simulations,
quickly resolve issues with team collaboration over a common view of data.
Since its creation in 2019, multiple manufacturing leaders across France, Germany & Switzerland and in various industries (Aerospace & Defense, Luxury…) chose Pelico to tackle their operational challenges. For example, Pelico helped Collins Aerospace reduce logistical cycle times by 50% and Safran reduce parts shortages by 72% in 6 weeks.
The Pelico team is a mix of former operational leaders (Tesla, United Technologies, Mercedes…), experienced software engineers (Palantir, Criteo, Dassault…) and applied math researchers.
“The complexity of operations in discrete manufacturing is constantly increasing as we are switching from a model of mass production to a model based on personalized products, reduced volumes and shorter cycle times. This complexity is also reinforced by recurring supply chain shocks (brexit, covid, ukrainian war…). Our job is to absorb all this complexity in order to help operational teams continuously monitor risks in the production chain and facilitate the decision-making process across the factory” explains
-Tarik Benabdallah, CEO and Co-founder of Pelico.
To continue its growth and become the Operations Management System of the modern factory, Pelico will open 50 new positions in France and in the US within the next 18 months. The company which opened an office in the US in 2022 aims to strengthen its international presence to support its customers with a global footprint. This fundraising will also give the opportunity to Pelico to invest in its technology and product, enabling its intelligent assistant to tackle more use cases for factory teams.
“The Covid crisis has created new challenges and an explosion of last-minute unplanned issues in factory operations and production planning. Pelico has enabled us, thanks to digitalization tools, to optimize and make our industrial risk management processes more robust.”
-Pauline Casta, SIOP and Material Manager at Collins Aerospace.
In a ramp-up context with high volatility and complexity in operations, strengthening our operational excellence by leveraging the latest digital technologies is a key strategic priority.
Pelico empowers our teams with a data-rich system that continuously monitors operational bottlenecks, checks the robustness of our plannings and empowers to act fast.
Thanks to Pelico, we reduced by 72% our number of part shortages and improved our data quality while allowing our teams to focus on their real added value. Matthieu Gaulon, EVP Support & Services at Safran
The complexity of industrial operations has greatly increased in the pandemic and economic context of the last two years. To enable operational teams to manage their production in an optimal way, Pelico has developed a suite of analysis, collaboration and simulation tools that is unique on the market and can be deployed in only a few weeks. Two years after meeting founders Tarik, Mamoun, and Jonathan at the inception of Pelico, we are very excited to partner with them in this important expansion phase. Xavier Lorphelin, Managing Partner at Serena
Pelico is a startup based in Paris created late 2019 by engineers coming from both the manufacturing and tech worlds. Pelico’s operations management system connects factory teams to manage daily volatility and deliver products on time, at cost. It empowers factory teams to continuously anticipate bottlenecks, act fast with AI-assisted recommendations, and collaborate across teams on the implementation of corrective actions.
83North is a global venture capital firm with over $2.2B under management. The fund invests across all stages, in exceptional entrepreneurs, whose focus is to build global category leading companies.
83North has backed more than 85 companies including AeroScout (acquired by Stanley Black & Decker), Celonis, Hybris (acquired by SAP), iZettle (acquired by PayPal), Just Eat (LSE:JE), Marqeta (NASDAQ: MQ), Mirakl, Payoneer (NASDAQ: PAYO), ScaleIO (acquired by EMC), Vast, Vdoo (acquired by JFROG), Via, Wandera (acquired by Jamf) and Wolt (acquired by DoorDash).
About Serena Capital:
Serena invests in bold ventures and provides them with an unrivaled level of expertise and operational resources in Paris and New York.
Serena’s portfolio can leverage an experienced team of Operating Partners and a very active C-Level community, the Serena Squad, open exclusively to present and past companies, each contributing to the other's success.
Founded in 2008 by entrepreneurs for entrepreneurs, Serena’s core belief is that VCs should work for their organizations, not the other way around.
About La Famiglia:
La Famiglia is a European seed and growth stage venture capital fund investing in technology companies that enable or disrupt large industries. We are backed by a selection of world-leading entrepreneurs from various industries that provide precious early market access, impactful partnerships and deep expertise for our portfolio companies. More than a regular venture fund, La Famiglia serves as a trusted access platform creating unique relationships between the old and the new world, enabling real differentiated leverage on capital.
Nearly 300 successful entrepreneurs, who have invested in ISAI funds, and more than 50 ISAI-backed start-up co-founders share the collective ambition of co-writing great entrepreneurial stories. ISAI invests in differentiated projects run by ambitious teams that it selects rigorously and actively supports. ISAI Gestion, an investment management company approved by the AMF, with over €500 million under management, aims to finance and support high potential Tech companies, at the seed/post-seed stage (venture capital, ticket from € 150k ticket to € 3m with participations in successive rounds) or when they have already reached the break-even stage (Tech Growth/LBO, tickets from €5m to €50m).
Lotus | December 20, 2022
One of the UK's leading manufacturers of high-performance electric vehicle battery packs has sealed a £multi-million-pound contract to supply batteries to Lotus for its new all-electric Evija, the world's most powerful production car.
Hyperbat was formed to bring together Williams Advanced Engineering's (WAE) EV battery expertise with Unipart's capability in manufacturing safety-critical products for premium OEMs. This combination of engineering excellence and Tier 1 manufacturing capability was established to support the scale-up of EV production in the UK and will manufacture the 90kWh lithium-ion battery packs destined for use in the first British-made all-electric hypercar.
Full production will take place at the firm's brand-new production line at Unipart Manufacturing Group's site in Coventry.
The mid-mounted battery pack will support a target output of 2000 PS and performance targets of 0-62mph in under three seconds and a top speed of over 200mph.
"To win a contract with Lotus to supply battery packs for the world's most powerful production car demonstrates the exceptional technology and manufacturing expertise we have at Hyperbat. This comes from decades of experience as a first-tier automotive industry manufacturer and is an example of how Hyperbat can continue Britain's heritage at the frontier of technological innovation in the automotive industry, coupled with Unipart's expertise in execution.Required performance levels will be facilitated by our proprietary welding and joining technologies, which, alongside the deployment of the latest digital technologies, are critical to achieving the highest levels of performance and product quality. We are one of the few companies to have invested in this advanced manufacturing technology which is enhanced by the research and development work carried out by the Institute of Advanced Manufacturing and Engineering (AME), who offer on-site support to our R&D team and are a perfect example of Industry and Academia working in partnership.This gives Hyperbat a digital advantage when it comes to highly complex battery manufacture for the world's most demanding customers."
-Andy Davis, Director at Hyperbat.
The manufacturing process involves assembling 12,000 components split across 500 unique parts and 100,000 welds in each pack. This is a complex process for which Hyperbat employs a unique system using cameras, sensors and vision systems to monitor data for each of the battery components.
"We have been working with Unipart and Hyperbat for a number of years and are confident in their ability to deliver the quality of product and the level of Tier 1 manufacturing support Lotus needs for such a prestigious project. With this in mind, we are therefore delighted to appoint Hyperbat for battery production for Lotus' first fully electric hypercar."
-Mark Edwards, Executive Director, Engineering, Lotus Cars.
Hyperbat has experience across a wide variety of high-performance road car and global electric motorsport programmes and is able to access this expertise and learning to support new customers.
The company is committed to selecting the best and most competitive supply solutions and is actively engaged with the Advanced Propulsion Centre to grow the UK's EV supply chain capability through its "H1perChain" project.
Andy Davis added: We are immensely proud to have been chosen as the battery manufacturer for this prestigious programme and are delighted to be delivering a premium battery for a premium application. Our success in battery manufacturing focuses on three things – getting the core processes right, ensuring repeatability and reliability of the complete manufacturing process, and accelerating speed to market.
Hyperbat is now working with its shareholders and partners across government, industry and academia to ensure it continues to develop the skills needed for the UK to lead the way in battery manufacturing.
James Hoxey, Commercial Director at Hyperbat, concluded: We have spent the last few years developing and proving our capability, and this nomination is an important milestone for our business, enabling us to demonstrate what Hyperbat can provide to the market.
The level of interest in the business and our capability is growing rapidly and further new business will undoubtedly follow.
Hyperbat is part of a consortium of businesses using the latest 5G-enabled technology to speed-up its manufacturing processes. Partnered with BT, Ericsson and NVIDIA to benefit from the world's first 5G virtual reality (VR) 'digital twin' solution, the company can leverage remote teams in different parts of the country to connect, collaborate and interact using a virtual 3D engineering model.