Business

 

 

North Texas’ Caris Life Sciences Gets FDA Approval for its ‘MI Cancer Seek’ Companion Diagnostic Test

by | Nov 6, 2024
Caris said MI Cancer Seek will be used as a companion diagnostic to identify cancer patients who may benefit from treatment with targeted therapies.
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Dallas’ Spectral AI To Spin Off Spectral IP as Independent Public Company
by | Nov 6, 2024
Spectral AI, which focuses on medical diagnostics for faster and more accurate treatment decisions in wound care, said the spinoff aligns with its strategy to maximize shareholder value by fostering growth in its Spectral IP subsidiary. The spinoff will be renamed SIM IP and will be headquartered in Miami.
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North Texas ‘Fabless’ Semiconductor Company ENGIN‑IC Acquired by MACOM
by | Nov 6, 2024
Focused on the defense industry, Plano-based ENGIN-IC is a fabless semiconductor company that designs advanced Gallium Nitride monolithic microwave integrated circuits and integrated microwave assemblies.
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The Last Word: $3B Island’s CEO on Recruiting Tech Workers to North Texas
Mike Fey—co-founder and CEO of Dallas-based enterprise browser unicorn Island—launched his company in 2020 during the pandemic and has since seen its valuation rocket to $3 billion. Speaking at the Venture Dallas conference last week, he talked about why he decided to found his company in Dallas instead of in Silicon Valley. 
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This week, newly granted patents also include:

  • 7-Eleven's detection of object removal and replacement from a shelf
  • Allegro Microsystems' magnetically-activated solid state switches
  • ATT Intellectual Property and Emory University's method for mitigating international revenue share fraud
  • Bank of America's ATM networks with a real time digital twin ecosystem for predicting failures/faults
  • Cornami's method for compressing application data for operations on multi-core systems
  • JPMorgan Chase Bank's systems for generation and use of a device wallet identifier
  • Kyndryl's coordination and execution of actions on a plurality of heterogeneous AI systems during a conference call
  • Sevis Systems' method for enabling trusted caller identity and spoofed call prevention
  • SmartDrive Systems' systems for verifying whether vehicle operators are paying attention
  • Texas Instruments' fault detection in a real-time image pipeline


Patented: Apple’s eSIM Technology for Dynamic Mobile Connectivity and More North Texas Inventive Activity

Dallas-Fort Worth ranked No. 12 for patent activity out of 250 metros for the week of Oct. 22, with a total of 125 patents granted.
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Ohio’s FST Logistics Expands to Fort Worth with New Warehouse Facility
by | Nov 5, 2024
FST Logistics said its nearly 400K-SF new warehouse in Fort Worth will significantly increase its total storage capacity and enable the company to provide faster, more efficient supply chain solutions to its growing customer base in the southern U.S. region.
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Dallas-Based MODE Global Acquires Jillamy’s Freight Brokerage Division
by | Nov 5, 2024
Under the deal, MODE Global said it will gain more than 200 employees and add facilities in Pennsylvania, Arizona, Florida, Texas, Illinois, South Carolina, Maryland, and Ontario to its existing national footprint.
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Siemens Acquires Industrial Simulation Software Co. Altair Engineering in $10 Billion Deal
by | Nov 5, 2024
Germany-based Siemens' industrial software business, Siemens Digital Industries Software, is based in Plano. Its EVP and CFO Timo Nentwich called the acquisition "a major milestone" for the North Texas-based business and its Xcelerator digital twin platform.
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Colorado-Based Riot Nears Phase 1 Completion of Corsicana Bitcoin Mining Facility

by | Nov 5, 2024
After announcing a planned $333 million investment in the project in 2022, Nasdaq-listed Riot Platforms is wrapping up development of Phase 1 of the Bitcoin mining facility. When fully developed, the project is slated to have a total of one gigawatt of capacity. Development of Phase 2 has already begun at the 265-acre site, the company said Monday.
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Dallas’ Thryv Holdings Closes $80M Acquisition of Arizona-Based SaaS Solutions Provider Keap
by | Nov 4, 2024
Thryv—which offers a "do-it-all" small business software platform that empowers small businesses to modernize how they work—said the strategic move signals its commitment to expanding its suite of software offerings and building on its position as a leader in the SMB SaaS space.
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North Texas’ Harbor and Eden Green Named to TIME’s 2024 Best Inventions List
by | Nov 4, 2024
Babies and herbs are sprouting up daily in North Texas—and two local companies have come up with innovative ways to monitor, nurture, and care for both. Now Dallas "smarter" baby monitor startup Harbor and Cleburne-based vertical farming company Eden Green Technology have had their tech honored in TIME Magazine's Best Inventions of 2024.
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FROM OUR PARTNERS

The Truth About M&A in Big D
Grant Thornton weighs in on perception versus reality of dealmaking in Dallas-Fort Worth. 
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Fort Worth’s HTeaO Announces 2 Additions to its Leadership Team

by | Nov 1, 2024
The iced tea franchising company has appointed Shane Clark as chief development officer and Michael Stoddard as vice president of IT. Both men bring extensive experience in their fields, positioning HTeaO for "continued growth and operational excellence" as the brand expands nationwide.
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North Texas’ AMN Healthcare Names Veteran HR Exec as Chief People Officer
by | Nov 1, 2024
Watt brings more than two decades of strategic and operational experience to the Coppell-based healthcare staffing company, where she will lead the human resources function following the recent retirement of Carolyn Kenny.
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Dallas’ MEF Expands Enterprise Leadership Council from 4 to 14 Members
by | Nov 1, 2024
The global consortium working to accelerate digital transformation said its leadership council, formed a year ago, now includes executives from sectors ranging from entertainment and financial services to technology, healthcare, and consulting.
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The Last Word: On Vivek Ramaswamy’s Strive Enterprises Relocating Its HQ to Dallas
by | Nov 1, 2024
Strive Enterprises—a financial services firm co-founded in 2022 by former GOP presidential candidate Vivek Ramaswamy—has announced its headquarters relocation from Columbus, Ohio, to Dallas. Paired with its HQ move, Strive announced Friday that it’s launching its wealth management business in Dallas as well, in the wake of its recent close of a $30 million Series B financing round led by New York-based Cantor Fitzgerald.
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