Press Releases

The Myth of Artificial Intelligence– Features Author and Computer Scientist Erik Larson

FORT WORTH, Texas, May 13, 2021 /PRNewswire/ — If the dystopian alarm of the news is any indication, the robot apocalypse will soon be upon us.

Not so fast, says author and computer scientist Erik Larson, Ph.D. In his latest book, The Myth of Artificial Intelligence: Why Computers Can’t Think the Way We Do, he notes that perhaps the replacement of human beings with artificial intelligence and “thinking machines” is not as imminent as we fear.

Inflection, the opinion, editorial, and news analysis journal of features Larson’s first-hand insights from his latest book:

Growing Up with Artificial Intelligence

“I figured that readers should know about the difference between commercial and practical AI as well as the sort of general intelligence that futurists insist will soon emerge, from steady progress in practical and commercial applications all the way up to the development of ‘true,’ or general, AI,” says Larson.

“The key point is devastating: there isn’t a path from one to the other, or what’s called narrow (usable) AI to general intelligence. General AI may still be possible, of course, but we can’t get there riding a wave of machine learning, or for that matter any of the other traditional methods that we’ve retired.”

Larson is critical of fanciful tech companies and prominent futurists for hyping their own artificial intelligence initiatives and their ungrounded forecasts of an AI-dominated future. These projects often arrive with much acclaim and then quietly fade from view, notes Larson.

“There’s actually a question mark at the center of AI; the futurists’ claims are based on a kind of wishful thinking that this isn’t so. Futurism and hype about AI, in other words, is a misrepresentation of facts that demands response,” Larson states.

In addition to his article, Larson shared further insight into the state of machine learning and artificial intelligence in interviews with Dr. Jed Macosko, academic director of and professor of physics at Wake Forest University, and his daughter Karina,’s student correspondent:

What the Future Holds for Artificial Intelligence [VIDEO]

The Inspiration for Academic Influence [VIDEO]

“Dr. Larson helps us make sense of the promise of ‘thinking machines’ and what such devices can and cannot do. At a time when news media over-promote technology and inadvertently stoke fear of the future, it’s good to get a more balanced view of where AI technology is heading from an expert and a long-time industry insider,” says Dr. Macosko.

Erik Larson, Ph.D., a member of the Academic Advisory Board of, is a computer scientist, entrepreneur, and technologist with over a decade of experience in software development and R&D in the computational sciences. Larson’s projects focus on the design and development of software systems that provide effective solutions to real-world problems. As a scientist, his interests lie in hybrid systems that utilize knowledge representation and reasoning, together with modern data-centered and machine-learning approaches. His career has spanned both classic and empirical AI, with a particular focus on text analytics (information extraction and natural language processing). is the preeminent technology-driven rankings site dedicated to students, researchers, and inquirers from high school through college and beyond, offering resources that connect learners to leaders. For details on this technology and the people behind it, visit the About page. is a part of the EducationAccess group, a family of sites dedicated to lifelong learning and personal growth.


Jed Macosko, Ph.D.
Academic Director 
(682) 302-4945


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Ahura AI Joins Elite Roster of Alchemist Accelerator Graduates from the Class of XXVII

SAN FRANCISCO, May 13, 2021 /PRNewswire/ — Ahura AI, a leading artificial intelligence innovator demonstrated the company’s knowledge platform to equip, inspire, and help people learn 3-5 times faster, to achieve a competitive edge in the new economy. The company’s demo marks the completion of the prestigious 6- month acceleration program with Alchemist, the world’s leading B2B accelerator.

Innovation has created a time of unprecedented automation, industrial renaissance, and defining a new economy that is threatening an estimated 800M jobs (according to a 2019 study by McKinsey Global Institute). So how are we training the workforce of the future?

“We are helping companies foster an upskill learning culture and community with lasting impact and scale,” said Bryan Talebi, Founder & CEO of Ahura AI. “We developed Ahura AI precisely because personalized education is proven to be the most effective way to teach and learn.” 

Helping Corporations Embrace Learning Culture

Constant learning culture has never been as critical to corporate existence. Companies are faced with choices to either conduct large scale layoffs and hire new workers with different skills or upskill existing workers to fill new roles. The more popular former option comes with great risk and six times higher costs than upskilling. According to a recent Randstad Risesmart survey, “reskilling an existing employee can cost just $20,000 or less, meaning the cost savings realized by skilling can be as much as $116,000 per person over the course of three years.” Till now, there has not been a compelling or efficient option for upskilling workforces. In other words, it can cost up to six times as much to hire externally versus hiring from within.          

Corporations worldwide do not have access to an integrated platform that trains and creates a culture of constant learning for their workers. Training has historically been an “as needed” benefit and accessed on a critical need basis. 

Ahura AI has pioneered a way to advance learning exponentially; recognizing that everyone learns at a different cadence and at their best with different formats of education.

Not unlike poker players, we all have ‘tells’ that give away when we are distracted, frustrated, or inspired. Ahura’s technology, embedded into phone and laptop cameras, microphones, and wearables, can collect with permission over 10,000 biometric data points per second, which in real-time are run through our AI learning models so that the platform can provide immediate feedback and guidance to the user that helps them achieve goals, gain knowledge, and increase confidence. The AI platform hyper personalizes and delivers content through text based, experiential, and video based formats to fit each individual’s needs. 

About Ahura AI

The company’s vision is to define a new sector for lasting knowledge, to better understand the way we learn, and to provide a powerful AI platform for human capital to thrive. Ahura AI seeks to equip, inspire and become the trusted platform for knowledge training, and to foster a corporate learning culture for competitive edge. The company’s technology platform seeks to understand how we learn and to create a personalized environment to catalyze new skills, knowledge, and development to succeed in the 4th industrial revolution. For more information about Ahura AI and how to sign up for the company’s beta list, please visit:

Media Contact:

Tricia Chan
Advisor for Creative & Entrepreneurial Ventures
vox: 917.239.0642

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Go Studio’s Innovation Jam Awards Winners: Solutions Connect Older Adults to Jobs, Wellness Management and Social Events

ATLANTA, May 13, 2021 /PRNewswire/ — Go Studio, InComm Payments‘ emerging technologies incubator, today announced the results of its first-ever Innovation Jam. Participants in the virtual hackathon competed to develop innovative technology solutions that empower older adults to more safely and easily age in place. The winning solutions connect older adults with jobs, wellness and social events. Cash prizes were awarded for the top three finishers, including a $5,000 grand prize. The three winning teams were:

  • First Place: “BINGO” by Invite Only – a job-matching platform that connects older adults and small businesses for short-term employment with a user-friendly experience that only requires users to fill out a single job application. The winning project was submitted by Stephen Aguila, a Product Designer from New Jersey, and Yuki Mochizuki, a UX designer from New York.
  • Second Place: “MotivAge” by SimpleBuild – an app that empowers seniors to proactively manage their health, aimed at preventing chronic diseases through lifestyle changes. This project was designed by Jessalyn Li, a UX/UI designer and Sukyeong Lee, a graphic designer, both from Calgary, Alberta, Canada, along with Ruby Alesi, a computer programmer from Oakland, California.
  • Third Place: “Aida Home Assistant” by Good Times – an IoT- and computer vision-based device that creates an augmented reality experience allowing users to play games with friends, take truly interactive classes with instructors or pay paper bills. This project was prepared by Vicky Wei, a designer from Toronto, Ontario, Canada, and Tim Mui, a computer engineer from San Francisco, California.

“We’re excited to see so much hope for the future through these creative solutions submitted by such talented participants,” said Michael Parlotto, vice president of emerging technologies and head of Go Studio. “The submissions were diverse in nature, purpose and emerging tech in question, and we look forward to seeing them become realities.”

“We’re grateful for this experience; we’re excited to continue working on BINGO and help seniors find a path to financial security while maintaining a healthy well-being,” said Stephen Aguila and Yuki Mochizuki, winners of the grand prize.

Go Studio Innovation Jam kicked off in March 2021; the event gathered 185 participants from across North America, with 26 teams participating. The virtual competition garnered interest from students, tech innovators, developers, creatives, young professionals and others with a passion for ideation. The participants were mentored by industry professionals and had the chance to join in numerous educational presentations led by event sponsors. After a rigorous judging period, the winning projects were selected through a two-tiered judging process. Participants also received additional prizes and swag as well as opportunities to participate in live virtual entertainment events.

Learn more about Go Studio: 

Tech Community

Go Studio Innovation Jam was supported by several leading tech companies who served as event sponsors and partners:

  • Platinum sponsors: 
    • Applied Computer Solutions (ACS): ACS helps businesses plan and reinvent how they leverage the technologies of today and tomorrow to achieve and exceed their goals. ACS also designs and implements hardware and software solutions for organizations and provides expertise to help customers succeed.
    • Google Cloud: Google Cloud deliver enterprise-grade cloud solutions to help companies operate more efficiently, giving customers a foundation for the future. Google Cloud also provided the event with cloud support.
  • Gold sponsor:
    • EPAM Systems, Inc: Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has leveraged its software engineering expertise to become a leading global product development, digital platform engineering, and top digital and product design agency. Through its ‘Engineering DNA’ and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver next-gen solutions that turn complex business challenges into real business outcomes.
  • Silver sponsors:
    • FSS: FSS brings a comprehensive portfolio of end-to-end payment services that help banks embed themselves in the daily transactional lives of consumers, deepening engagement and revenues.
    • SHI: SHI International Corp. brings 5,000 ridiculously helpful and knowledgeable sales and technical experts across the globe to help deliver custom IT solutions and services to organizations of all sizes.
      PK: PK is the experience engineering firm that helps the world’s most customer-obsessed brands design, build and run the future.
  • Community Partners:
    • Pandera: Pandera helps clients re-imagine what’s possible through the cloud with their technology and data-centric services and solutions.
    • Microsoft: Microsoft’s trusted Microsoft Azure products and services help turn ideas into innovation. Microsoft supported the event with a number of tech giveaways.
    • NationsBenefits: NationsBenefits® is a leading supplemental benefits company that provides managed care organizations customized healthcare management solutions designed to drive growth, improve outcomes, reduce costs, and delight members.
    • SOLTECH: Atlanta’s premiere software development and IT staffing firm offering services from high-level IT strategy, to building mobile and web applications, to the recruitment and placement of top technology talent.
    • Hackworks: with experience planning and executing hackathons globally since 2010, Hackworks has organized events in gaming, open data, financial technology, wearables and other emerging technologies in a range of industries and sectors.

About Go Studio

Launched in 2020, Go Studio is InComm Payments‘ emerging technologies incubator. With a mission to drive disruptive tech in bold new directions through spirited collaboration, the studio is opening doors to academic partnerships and outreach within the community, seeking to develop mutually beneficial arrangements that help build bridges connecting young talent entering the tech industry to career-building experiences and exposure to emerging technology in practice. Channeling a legacy of innovation from its headquarters in Atlanta, Georgia, Go Studio leverages expertise sourced from a global network to explore applications of emerging technology such as blockchain, artificial intelligence, voice assistants and more. Stay in the know by following Go Studio on LinkedIn.

Media Contacts:

InComm Payments

Nilce Piccinini
Sr. Communications Manager
InComm Payments

Anthony Popiel
Dalton Agency

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Amelia Appoints Anne Meisner as Chief Financial Officer

NEW YORK, May 13, 2021 /PRNewswire/ — Today, Amelia, an IPsoft Company and the largest independent leader in enterprise Artificial Intelligence (AI), announced that Anne Meisner has joined the company as Chief Financial Officer (CFO).

“I am thrilled to welcome Anne to the Amelia team during such an exciting moment for the company,” said CEO Chetan Dube. “Anne is unparalleled in her expertise in technology, software, and SaaS sectors, and she will be a pivotal asset as we continue to drive forward our growth strategy.”

Meisner will lead Amelia’s global finance team and direct the company’s strategy around implementing, managing, and running all finance activities to drive continued strong topline growth with a significant focus on operational excellence.

“I am thrilled to join such an innovative company that is pioneering the critical intersection of Conversational AI and Intelligent Process Automation,” said Anne Meisner. “I believe Amelia’s mission of democratizing AI is groundbreaking, and I look forward to advancing the company’s mission as we execute on the overall growth strategy.”

Meisner brings deep SaaS expertise to Amelia and over 20 years of experience in investment management and corporate finance. She joins Amelia from Automation Anywhere, where she served as Senior Vice President of Finance, and most recently, as interim CFO. At Automation Anywhere she played a key role in strategic planning, fundraising, and driving the company’s overall financial strategy amid significant growth. Prior to Automation Anywhere, Meisner spent many years on Wall Street in senior investment research and portfolio management roles at leading institutions, including Goldman Sachs and Caisse de dépôt et placement du Québec. She holds an MBA from Columbia University, an M.S. in Computer Science from Michigan State University, and a B.S. from the University of Wisconsin.

About Amelia, an IPsoft Company
Amelia, an IPsoft Company, is the world’s largest privately-held AI software company and a leader in automation and Conversational AI. Amelia creates fulfilling human experiences through groundbreaking AI solutions, enabling conversational experiences, streamlining IT operations, and automating processes. In 2014, Amelia launched as the Most Human AI™. In 2018, the company introduced true end-to-end, enterprise-wide automation with the Amelia HyperAutomation Platform, originally named 1Desk. In 2019,, the world´s first marketplace for cloud-sourced Digital Employees, was introduced. Headquartered in New York City with offices in 15 countries, Amelia’s roster of client success stories speaks for itself. Amelia’s technology impacts more than 500 of the world’s leading brands, including global leaders in banking, insurance, telecommunications, and other industries. See how Amelia, an IPsoft Company, is powering the future of work at



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TinyML Device Shipments to Grow to 2.5 Billion in 2030, Up From 15 Million in 2020

OYSTER BAY, N.Y., May 13, 2021 /PRNewswire/ — Between 2021 and 2026, the number of IoT connections will nearly triple to 23.6 billion. Each new connection represents an opportunity to leverage Artificial Intelligence (AI) and Machine Learning (ML), and TinyML technology will be pivotal in seizing that opportunity.

In its new whitepaper, TinyML: The Next Big Opportunity in Tech, global tech market advisory firm ABI Research identifies the six key benefits of TinyML, offers strategic recommendations to vendors and end users, and explains why the TinyML market will grow from 15.2 million shipments in 2020 to 2.5 billion in 2030.

“The proliferation and democratization of AI has fueled the growth of Internet of Things (IoT) analytics. Data collected from IoT devices are used to train Machine Learning (ML) models, generating valuable new insights into the IoT overall. These applications require powerful and expensive solutions that rely on complex chipsets,” explains Lian Jye Su, AI & ML Principal Analyst at ABI Research. At the same time, edge AI chipsets have introduced AI to myriad end points, including mobile devices, automobiles, smart home speakers, and wireless cameras. “However, these devices are often too underpowered to make use of all the data flowing across them and struggle to support high computing performance and high data throughput, causing latency issues, which is a death knell for AI,” Su says.

TinyML chipsets aim to solve the issues of both cost and power efficiency. TinyML enables the performance of data analytics on low-powered hardware with low processing power and small memory size, aided by software designed for small-sized inference workloads. It has the potential to revolutionize the future of the IoT.

The proliferation of TinyML will lead to the expansion of edge AI beyond traditional key markets. “By bringing AI analytics beyond machine vision, more end users can benefit from smart connected sensors and IoT devices based on soundwaves, temperature, pressure, vibration, and other data sources,” Su says. This growth offers tangible and important benefits such as data privacy, high interconnectivity and interaction of various components, high-energy efficiency, small chipset footprint, functional safety, and security concerns, and overcoming network bandwidth challenges.

“Given that very edge AI exists in a slightly more specialized environment as compared to the general edge AI, end users must prepare their equipment, connectivity infrastructure, and internal expertise to capture the real benefits of very edge AI. Knowing the user demand and requirements for TinyML, TinyML AI chipset vendors need to differentiate through key use cases and focus on software and services,” Su concludes.

To learn more about the potential of TinyML chipsets, the key TinyML benefits, and ABI Research’s strategic recommendations for vendors and end users, download TinyML: The Next Big Opportunity in Tech. You are welcome to share this link with your readers.

About ABI Research
ABI Research provides actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today. ABI Research’s global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.

ABI Research提供开创性的研究和战略指导,帮助客户了解日新月异的技术。 自1990年以来,我们已与全球数百个领先的技术品牌,尖端公司,具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit

Deborah Petrara 
Tel: +1.516.624.2558       

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Valo Health to Present at the UBS Global Healthcare Virtual Conference

BOSTON, May 13, 2021 /PRNewswire/ — Valo Health LLC (Valo), the technology company that is using human-centric data and artificial intelligence computation to transform and accelerate the drug discovery and development process, announced today that its CEO and founder, David Berry, will present at the UBS Global Healthcare Virtual Conference on May 25th at 4:00 pm Eastern Time.

The presentation will be webcast live and available for replay for 30 days on the investor relations page of the Valo website.

About Valo
Valo Health, LLC (Valo) is a technology company that is using human-centric data and artificial intelligence computation to transform the drug discovery and development process. As a digitally native company, Valo is the first to fully integrate human-centric data across the entire drug development lifecycle into a single unified architecture, thereby accelerating the discovery and development of life-changing drugs while simultaneously reducing the cost, time, and failure rate. The company’s Opal Computational Platform, a fully integrated, computational, end-to-end drug development platform, offers a unique approach to therapeutic development that enables Valo to advance a robust pipeline of candidates across cardiovascular disease, oncology, and neurodegeneration. Founded by Flagship Pioneering and headquartered in Boston, MA, Valo has offices in Lexington, MA, San Francisco, CA, Princeton, NJ, and in Branford, CT. To learn more, visit

Investors: Graeme Bell, Chief Financial Officer

Media: Jennifer Hanley, VP Corporate Communications  


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[24] Engagement Cloud Extends Omnichannel CX Leadership with Expanded AI Capabilities and Healthcare focus

SAN JOSE, Calif., May 13, 2021 /PRNewswire/ — [24], Inc., a recognized leader in conversational AI for both voice and digital customer engagement, announced several major enhancements to [24] Engagement Cloud, the industry’s first integrated suite of conversational AI services designed to power both voice and digital interactions. With the April 2021 release, [24] has extending its leadership in Omnichannel customer experience solutions with powerful new applications, features, tools, and integrations designed to make it even easier to build and deploy world-class customer experience solutions.

New Features and Benefits of [24] Engagement Cloud
With [24] Engagement Cloud, both experts and non-technical users can rapidly diagnose customer intents to build, automate, monitor, and optimize customer service and sales journeys through intuitive, self-serve interfaces. These are some of the key features and benefits that have been added to [24] Engagement Cloud since the previous release:

  • Three new apps added [24]7 Active Share, [24]7 Voices, and [24]7 Journey Analytics are now accessible through [24] Engagement Cloud. These tools all now share the familiar navigation and power.
  • Neural Text to Speech and Speaker Verification – Companies can now integrate a chatbot into their IVR systems, change IVR prompts on the fly, and increase their customers’ security by enabling authentication using voice biometrics.
  • [24]7 Assist for Salesforce – Now available in the Salesforce App Exchange, [24]7 Assist can interact with customers and update Salesforce CRM records from a single user interface.
  • Agent Assist AI – [24]7 Assist includes three options: [24]7 Digital Assist, [24]7 Assist Widget for CRM and [24]7 Active Share. A feature of [24]7 Digital Assist, Agent Assist, provides ready-to-use automated smart responses and natural language-based responses right at the agent’s fingertips. This groundbreaking technology assists customer service agents, enabling them to drive more productive, context-aware, and personalized conversations than ever before.
  • Google CCAI Integration – The Agent Assist feature of [24]7 Assist now integrates with Google Contact Center AI (CCAI) Agent Assist to enable CX agents to surface relevant documents, analyze archived data to diagnose customer concerns, serve up “next-best response” recommendations and more—all in real time. Integrating the world’s leading platforms for conversational AI and the enterprise cloud empowers CX agents to create better customer experiences.
  • Increased Scalability – [24] has increased the scalability of its [24]7 Digital Assist agent console to handle an even larger number of concurrent agents.
  • HIPAA compliance – We’re excited to announce that our products and services are HIPAA-compliant for our healthcare clients. This gives healthcare providers a simple way to dramatically improve both automated and agent-assisted interactions with patients while maintaining privacy at all times.

“Since the initial release of [24] Engagement Cloud, companies have accelerated their digital transformation initiatives,” said Lisa Matherly, Vice President of Marketing for [24] “We’ve added even more capabilities and enhanced performance, empowering companies to offer the best possible experiences for both their customers and their agents.”

For the complete list of features, benefits, and updates in our latest release, visit the April 2021 release page.

Follow us on Twitter: @24_7_inc and LinkedIn:
Visit us on Facebook:

About [24]
[24] uses artificial intelligence, human insight, and deep vertical expertise to produce personalized, consistent, and satisfying customer experiences. The company’s advanced conversational AI platform, combined with more than 20 years of contact center operational expertise, empowers the world’s largest and most recognizable brands to deliver natural, frictionless conversations across all digital and voice channels. For more information, visit

[24]7 and [24] are trademarks of [24], Inc. All other brands, products, or service names are or may be trademarks or service marks of their respective owners.

Ian Bain
VP Communications

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True Influence® Now Available in AWS Data Exchange

PRINCETON, N.J., May 13, 2021 /PRNewswire/ — True Influence®, the technology leader of data-driven sales and marketing solutions, today announced it is now available in AWS Data Exchange, a service that makes it easy to find, subscribe to, and use third-party data in the cloud from Amazon Web Services (AWS).

“We have a responsibility to provide our customers access to the highest quality anonymized B2B data to empower them to monitor industry trends, fuel their business intelligence platforms, and micro-target audiences for sales and marketing initiatives,” said Brian Giese, CEO of True Influence. “Working with AWS simplifies the process of sharing data with our customers as well as providing us access to the vast network of data subscribers within AWS Data Exchange.”

Under the collaboration, True Influence will provide intent data to AWS Data Exchange. True Influence curates and lists unique anonymized data sets revealing technology purchase intent emanating from specific industry segments.  Subscribers will receive weekly intent signal updates and can customize their feeds.  The initial market segments include HealthTech, FinTech, and MarTech while additional segments are underway. Using highly advanced signal analysis, True Influence produces daily intent signal updates across its taxonomy of more than 7,200 topics.

True Influence supplies high-quality data that provides total market and reach analysis, engagement reporting, and campaign performance forecasting. The company uses a three-pronged process of proprietary algorithms to screen out inaccurate records, so only real, active B2B contact records are delivered. It starts with an Identity Graph Triangulation® where records are matched to build a cohesive, omnichannel view of individual customers. These customer records are then analyzed by the True Influence Relevance Engine®, where advanced intent monitoring analytics using natural language processing, machine learning, and artificial intelligence examine behaviors that identify billions of intent signals to get a clear picture of the total active market (TAM) for specific products and solutions. Each contact record is built with unprecedented speed and accuracy and is TripleCheck® validated to ensure all information is 100 percent correct and guaranteed.

About True Influence
Founded in 2008, True Influence is the pioneer in the identification, processing, and delivery of relevant buyer intent signals in the B2B marketplace. Our proprietary approach to identity resolution and intent signal analysis is unique in that we collect and catalog decision-makers’ content consumption behaviors across the entire internet. We expertly leverage data, technology, and content to drive high-impact marketing campaigns to help our customers win new business. True Influence generates revenue across multiple industries, promoting brands and products from successful global companies that include well-established blue-chip brands like IBM, Microsoft, and Cisco. Our innovation earned us numerous industry awards including the 2019 and 2020 MarTech Breakthrough Award for Best Influencer Marketing Management Platform, 2020 Business Intelligence Group’s BIG Award for Business for Company of the Year, 2020 CIO Applications Award for Top MarTech Solution Providers, 2019 B2B Innovator Awards for C-Suite Strategy and People’s Choice, and 2019 Rele Award for Sales Enablement. For more information visit True Influence at or follow us on Facebook, LinkedIn or Twitter.

Media contact:
True Influence
Marissa Jabczenski

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Optimal Dynamics raises $18.4M Series A Round to Build the Decision Layer of Logistics and Supply Chain Management

NEW YORK, May 13, 2021 /PRNewswire/ — Optimal Dynamics, a startup aiming to build the decision layer of logistics and supply chain management, announced today, less than a year from its $4M Seed round, that it has raised a $18.4 million Series A round led by Bessemer Venture Partners, alongside returning investors Fusion Fund, The Westly Group, TenOneTen Ventures, Embark Ventures, FitzGate Ventures, and industry veterans John Larkin and John Hess.

The investment will allow Optimal Dynamics to more than triple its current 25 person operation, with a strong focus on R&D and expanding current sales and marketing efforts. In addition, it will give Optimal Dynamics the resources to drive development efforts for new products in the logistics and supply chain industry. 

This industry is no stranger to significant complexities and uncertainty in daily operations and planning – the transportation buyer and logistics operator bear most of these extra costs and inefficiencies, while the end consumer has been largely unaffected. However, over the last year, COVID-19 and the rampant growth and demand from e-commerce caused disruptions in the supply chain that even the consumer noticed, forcing logistics operators to take a much more forward-thinking view on how they make operational and strategic decisions.

As a byproduct of nearly 40 years of research and development at Princeton University led by Optimal Dynamics co-founder and industry thought leader, Warren Powell, Optimal Dynamics is pioneering a new class of decision intelligence tools, deployed through their SaaS product, This solution moves beyond the familiar uses of artificial intelligence (image and voice recognition, pattern identification, etc.) to the world of using computers to make high-dimensional decisions in complex environments, especially amid uncertainty. In addition to driving automation of daily decisions, these tools have shown time and again their ability to provide millions of dollars of savings to customers.

During the extensive research and development period, the underlying technology was deployed, tested, and iterated on countless times during engagements with some of the largest trucking companies, railroads, and energy companies in the world, along with projects in health, e-commerce, finance and materials science. This unique relationship with industry, where university software was tested in production, allowed the Optimal Dynamics team to witness first-hand the problems faced by industry and the limitations of existing theory.  

“Bessemer is excited to partner with Optimal Dynamics to help drive their continued expansion. Logistics operators need to consider a staggering number of variables, making this an ideal application for a SaaS product that can help operators make more informed decisions by leveraging Optimal Dynamics industry leading technology,” said Mike Droesch, Partner at BVP. “We were really impressed with the combination of their deep technology and the commercial impact that Optimal Dynamics is already delivering to their customers. We look forward to helping them continue to build the future layer of supply chain intelligence.”  

“Sold primarily to truckload operations today, leverages High Dimensional Artificial Intelligence to allow companies to capture significantly more detail, plan into the future, and most importantly, manage uncertainty,” said Daniel Powell, Co-Founder and CEO of Optimal Dynamics. “This is the breakthrough that allows our platform to go beyond just providing statistics on a screen, but driving decision automation and intelligence.”’s High-Dimensional Artificial Intelligence is made possible by a novel use of approximate dynamic programming developed specifically for freight transportation, transitioning the logistics industry from real-time human decision-making to advanced automated decision-making at every level. It enables logistics companies to automate everything from high-level strategic questions around how many drivers they need or what equipment they should buy, to daily dispatching and load acceptance.’s ability to learn from and plan for uncertainty  also allows companies to plan significantly further into the future, a departure from previous systems that had to assume a perfect future. This makes it possible to perform strategic (what-if simulation), tactical (1-15 days into the future), and real-time planning, all with the same technology, breaking down the barriers between planning and execution.

About Optimal Dynamics:
Optimal Dynamics was founded to bring breakthrough technology called High Dimensional AI to automate and optimize the logistics and supply chain industry. Optimal Dynamics product,, helps companies perform strategic, tactical and real-time planning in one place, and enables dynamic planning and highly automated operations. For more information visit

About Bessemer Venture Partners
Bessemer Venture Partners is the world’s most experienced early-stage venture capital firm. With a portfolio of more than 200 companies, Bessemer helps visionary entrepreneurs lay strong foundations to create companies that matter, and supports them through every stage of their growth. The firm has 130 IPOs, including Pinterest, Shopify, Twilio, Yelp, LinkedIn, Skype, LifeLock, PagerDuty, DocuSign, Wix, MindBody, and Fiverr. Bessemer’s team of investors and partners are positioned all over the world in Silicon Valley, San Francisco, Seattle, New York, Boston, Tel Aviv, Bangalore, and Beijing. Follow @BessemerVP and learn more at

Daniel Powell

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Oracle Fusion Cloud ERP Named a Leader for Fifth Straight Year in 2021 Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises

AUSTIN, Texas, May 13, 2021 /PRNewswire/ — Oracle Fusion Cloud Enterprise Resource Planning (ERP) has been named a Leader in 2021 Gartner “Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises” for the fifth consecutive year. Of the 10 products evaluated, Oracle is placed highest for its ability to execute and is placed furthest to the right for completeness of vision. A complimentary copy of the report is available here.

According to the report, “Leaders demonstrate a market-defining vision of how core financial management systems and processes can be supported and improved by moving them to the cloud. They couple this with a clear Ability to Execute this vision through products, services and go-to-market strategies. They have a strong presence in the market and are growing their revenue and market share. In this market, Leaders show a consistent ability to secure deals with enterprises of different sizes and have a good depth of functionality across all areas of core financial management. They have multiple proofs of successful deployments by customers, both in their home region and elsewhere. Their offerings are often used by system integrator partners to support financial transformation initiatives. Leaders typically address a wide market audience by supporting broad market requirements. However, they may fail to meet the specific needs of vertical markets or other, more specialized segments, which might be better addressed by Niche Players in particular.”

In addition, the report states “Gartner’s client inquiry data shows that interest in CCFM suites is increasing significantly. Many application leaders and senior finance users believe that moving to the cloud will enable them to easily avoid the challenges they face with on-premises core financial applications — such as cumbersome UIs, too much customization and expensive, hard-to-manage upgrades.”

“Our world has been radically altered this past year and our customers have successfully pivoted against all challenges to accelerate their finance transformations and modernize their business processes in the cloud,” said Rondy Ng, senior vice president of applications development, Oracle. “We are privileged to be acknowledged by Gartner for a sustained half decade of Cloud ERP leadership. We believe that this validates our product strategy and customer centricity, our focus on continuous innovation, and recognizes the confidence our customers place in Oracle Cloud ERP.”

Oracle Cloud ERP is directed towards a vision of touchless operations, continuous forecasting, and an enhanced conversational experience. Our machine learning and artificial intelligence investments in each update are designed to enable CFO’s and their Finance teams to shift from an operational to a more strategic mindset. Recent innovations include Intelligent Account Combination Defaulting, Intelligent Performance Management, and additional digital assistants including an expanded collaboration platform with Microsoft Teams.

More than 7,700 organizations across a wide range of industries and regions have adopted Oracle Cloud ERP to drive their finance transformation. With Oracle’s software-as-a-service (SaaS) delivery model, customers can quickly and easily take advantage of on-going quarterly innovation updates in artificial intelligence, machine learning, digital assistants, and analytics, helping businesses get faster and smarter every 90 days without any downtime or business disruption.

Oracle Cloud ERP offers a comprehensive set of enterprise finance and operations capabilities, including financialsaccounting hub, procurementproject management, enterprise performance management,  risk management, and subscription management. With native integration to the broader Oracle Fusion Cloud Applications Suite, including Oracle Fusion Cloud Supply Chain & Manufacturing (SCM), Oracle Fusion Cloud Human Capital Management (HCM) and Oracle Advertising & Customer Experience (CX) applications, Oracle Cloud ERP provides a complete solution to help customers increase productivity, reduce costs and improve controls. Oracle Fusion Applications are driven by five tenets focused on a customer-first mindset, with the industry’s most complete cloud, built on the best technology platform, delivering the fastest innovation, and a modern user experience for our customers.

Oracle has garnered consistent industry recognition for its finance and performance management applications. Oracle was recently named a Customers’ Choice Vendor in the 2021 Gartner Peer Insights ‘Voice of the Customer’: Cloud Financial Planning and Analysis Solutions1. Additionally, Oracle was named a Leader in October 2020 Gartner  “Magic Quadrant for Cloud Financial Planning and Analysis Solutions2” and was named the sole Leader in June 2020 Gartner  “Magic Quadrant for Cloud ERP for Product-Centric Enterprises3” for the second consecutive year.

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Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Oracle
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1 Gartner, Gartner Peer Insights ‘Voice of the Customer’: Cloud Financial Planning and Analysis Solutions, 11 March 2021
2 Gartner, Magic Quadrant for Cloud Financial Planning and Analysis Solutions, Robert Anderson, Greg Leiter, John Van Decker, 6 October 2020
3 Gartner, Magic Quadrant for Cloud ERP for Product-Centric Enterprises, Tim Faith, Duy Nguyen, Denis Torii, Paul Schenck, Christian Hestermann, 22 June 2020

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