$100M investment for Climavision
Louisville-headquartered Climavision has landed a $100 million strategic investment from The Rise Fund for its weather services and intelligence platform. Climavision’s platform uses high-resolution radars, GPS-RO data and proprietary software to improve weather forecasting accuracy. The long goal is to help reduce the economic risks of climate change on companies, governments and societies.
UK gets $5.6M grant from NIH
There are currently no medications for treating thoracic aortic aneurysms or keeping them from growing. Patients typically have to take a wait-and-see approach. However, now a team at the UK College of Medicine is set to study what causes the aneurysms thanks to a $5.6 million grant from the National Institutes of Health (NIH). The hope is that by studying the causes of the aneurysms, researchers can discover a treatment for the condition.
Bellarmine’s new health tech program
Bellarmine University is launching a program that will aid people looking for a career in pharmaceuticals, biotechnology, health education, healthcare administration and other fields. The Master of Health Science in Biomedical Sciences program will include MCAT prep and a combination of face-to-face clinical immersion sessions.
YUM! Brands buys another company
Yum! Brands continues its shopping spree for companies concentrating on artificial intelligence (AI) and other technology. It has entered into an agreement with Australian company Dragontail Systems Limited, which provides tech solutions for the food industry. The deal will help YUM! scale Dragontail’s AI kitchen order management and delivery technology globally.
COVID-19’s effect on the home office
When COVID-19 forced a lot of employees to set up office at home, it became clear that many of them did not have the infrastructure at home that was needed to work efficiently. Commercial IT company C3 Tech, located in southern Indiana, was busy helping with the tech needs of those employees.
Render Capital launches First Dollar Program
In order to provide early-stage capital to Louisville Black and Brown entrepreneurs, Render Capital has launched the First Dollar program. Through the program, Render Capital offers grants to entrepreneurs that lack access because of historic and systemic inequality.