Business

 

 

The Last Word: Alex Shootman on Alkami’s New ‘TechFin’ Concept

by | Apr 13, 2023
Plano-based Alkami—a leading cloud-based digital banking solutions provider for banks and credit unions—presented a new concept at its annual Co:lab 2023 conference in Grapevine last week. Drawing a distinction from the FinTech industry, Alkami unveiled its "TechFin" concept: "a technology company that builds financial solutions."
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Ensconced in Dallas, Verily’s New CEO Talks About His ‘Innovation Engine’ and the Hunt for More Recurring Revenue
by | Apr 13, 2023
Digital maestro Stephen Gillett is driving the health-tech subsidiary of Alphabet Inc. to become more self-sufficient as it staffs up its new office at Cypress Waters.
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Amid Struggles, Carvana Debuts 12-Story Used Car ‘Vending Machine’ in Fort Worth
by | Apr 13, 2023
After a rocky year marked by layoffs and a steep drop in market cap, Carvana tells Dallas Innovates it's "here for the long haul." One way it aims to prove that is with its new 12-story Car Vending Machine in Fort Worth—which ties three others in the U.S. as the company's tallest.
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Biometric Crime-Fighting: NEC and WIN Network Renew Advanced Tech Partnership
by | Apr 12, 2023
Irving-based NEC and the Western Identification Network have struck a 10-year deal to keep crime at bay with cutting-edge tech. NEC says its biometric technology is so advanced, it can recognize a face and fingerprints with lightning-fast speed and pinpoint accuracy—even with poor image quality and low angles.
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Dallas’ Ylang 23 Partners with Immerss for Livestreamed Jewelry Shopping, Digital ‘Clienteling’

Ylang 23—a designer jewelry store in Preston Center that's served Dallas for 35 years—has partnered with the Dallas-based live-commerce company Immerss to bridge the gap between in-person and online shopping. By using the latest tech from Immerss, Ylang 23 aims to provide customers with a more personalized and intimate shopping experience—from live-streamed trunk shows to personal presentations and more.
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Dallas-Based Spectral MD to List on Nasdaq Via SPAC Merger, Operate as Spectral AI
by | Apr 12, 2023
Spectral MD Holdings, founded over a decade ago, is a predictive analytics company focused on wound care treatment. It plans to delist from the AIM market and list on Nasdaq via a SPAC merger, operating as Spectral AI. The company’s AI-enabled FDA Breakthrough Designated DeepView platform uses AI algorithms and "difficult-to-duplicate" imaging technology to provide healing assessments.
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Dallas HVAC Company Gets Majority Investment from New York-Based Firm
by | Apr 11, 2023
Investcorp, a global alternative investment firm, partners with growing founder-led businesses. The investor aims to join forces with Shearer Supply to capitalize on "strong secular tailwinds" in the HVAC industry and leverage the distributor's one-stop-shop value proposition for contractors and OEMs.
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Irving Mobile Healthcare Firm MedArrive Gets $8M in Funding To Help Reduce ER Visits, Hospitalizations
by | Apr 11, 2023
The investment from Cobalt Ventures follows MedArrive's $25 million series A round in November 2021 and brings its total funding to $40.5 million to date. "Everyone in America has a right to inclusive, high-quality care, yet too many are left out and have no one on their side who can connect them to the system," MedArrive Co-Founder and CEO Dan Trigub said. "That's what the MedArrive platform and our field providers offer."
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Recuro Health Secures $47M in Series B Funding for its Digital Medical Home

by | Apr 11, 2023
The Coppell-based startup said it will use the proceeds to advance and scale its Digital Medical Home, which includes diagnostic-enabled Virtual Primary Care and Virtual Behavioral Health Solutions tailored to fit the healthcare needs of any population. Recuro integrates advanced science, data, at-home diagnostics, and targeted genomics for cancer screening and pharmacogenomics "to better inform integrated care," the company says.
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The Last Word: Bush Center’s Ken Hersh on Listening to ‘Early Warning Signs’
Earlier his month, it was announced that Ken Hersh will receive the Bush center's prestigious 2023 H. Neil Mallon Award, presented annually to individuals who have “excelled in promoting the international aspects and strengths of North Texas.” But he's become even more known lately for a memoir he just published: "The Fastest Tortoise: Winning in Industries I Knew Nothing About—A Life Spent Figuring It Out."
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GM’s Arlington Assembly Plant Sets 70-Year Record with Production of 34,000 SUVs in March
by | Apr 10, 2023
The record of 34,000 vehicles was achieved with three shifts working 27 days, the company said. The final number broke the previous monthly record set in March 2022. "Our celebration of this milestone is not just about the number, it's about the people who build consistent quality into every SUV that we produce," said the plant's executive director, John Urbanic.
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Fort Worth City Council Will Vote on $21.4 Million Tourism Contract to Boost Sporting Events and Film Production
by | Apr 10, 2023
The city said the five-year contract renews support for Visit Fort Worth’s mission to raise awareness via marketing and media exposure, and deliver economic impact by securing sports events and conventions. The Fort Worth City Council is scheduled to vote on the contract at its April 25 meeting.
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DMN: Lockheed Martin’s Grand Prairie-Based Missiles Division Boosts Production Due to War in Ukraine

Many have credited Lockheed Martin's HIMARS rocket launch system with helping Ukraine turn the tide in its war with Russia. Now, as Ukraine prepares for what could be an historic spring counter-offensive, the company's Grand Prairie-based Missiles and Fire Control division is ramping up production from 48 units a year toward an expected 96, according to the Dallas Morning News.
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Box Office Boom: Plano-Based Cinemark Has Highest Single-Day Attendance Since Christmas 2019, With Help From Mario
by | Apr 10, 2023
Just weeks after the founder of Plano-based Cinemark Holdings was succeeded on its board by his son after 40 years at the company, Cinemark had an historic weekend that may put its pandemic woes in the rearview mirror. And a guy named Mario had a big, white-gloved hand in the achievement. 
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New European-Inspired Market Fig & Favor Becomes 12th Concept for Harwood Hospitality Group in Dallas’ ‘Walk to Life’ Neighborhood
by | Apr 10, 2023
With a 94 "Walk Score" from a division of Redfin, the Harwood District northwest of downtown Dallas already has over 100 dining, art, shopping, and entertainment venues within a 10-minute walk. Now its new Fig & Favor market will solve "a missing component"—and give urban strollers one more reason to hoof it.
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Plano Telecom Tech Giant Secures $53.4 Million in Private Placement Financing to Reduce Debt and Drive Growth
Ribbon Communications CFO Mick Lopez cites favorable interest rate outlook for the timing of the private placement financing and fixed-rate swap to reduce debt.
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