Axus Technology is a global original equipment manufacturer located in Chandler, Arizona, with next-generation chemical mechanical planarization (CMP) processing and cleaning tools. It plans to expand now that it has secured $12.5 million in funding from IntrinSiC Investment LLC. With solutions that range from entry-level tools to high-volume manufacturing systems, the new … [More]
How Leaders Can Alleviate Employees’ Stress over AI in the Workplace
AI is becoming increasingly woven into the fabric of the modern workplace, but it brings a mix of anticipation and anxiety. A recent Gallup poll shows that 22% of U.S. employees fear losing their jobs to generative AI — an increase of 7% since 2021. As these stats highlight, the need for leaders and managers to step up and guide their teams through such changes is urgent. … [More]
E-Commerce Model Empowers SMBs
RedCloud Technology recently launched Open Commerce to enable brands, distributors and local merchants to break free from third-party constraints, shifting power from e-commerce giants to smaller, more agile retailers. “The first generation of e-commerce has failed small businesses, especially those that rely on quality inventory to serve their local and global communities,” … [More]
Avnet Names New President of Electronics Components Distributor, Farnell
Avnet has announced Rebeca Obregon as the new president of Farnell, an Avnet company, effective July 1, 2024. Farnell is a high-service electronics components distributor with a comprehensive portfolio of products and supported by an international supply chain. “Since joining Avnet’s leadership team last year, Rebeca has shown her deep commitment to delivering results for … [More]
Arizona Cybersecurity Company Awarded for its Innovative Technology
Lumifi recognized as the most innovative company globally in managed detection and response
Lumifi Cyber, Inc., a next-generation leader in the cybersecurity space, was named a winner of the Global InfoSec Awards 2024 as the Most Innovative Company in Managed Detection and Response (MDR). Organized by Cyber Defense Magazine, this awards program recognizes cybersecurity companies that manage, create, and provide the most respected information security products and … [More]
Software Development Co. Restructures with New Executives and Enhanced Services
With a strategic shift to become an innovation app builder and AI studio, Founders Workshop has announced a significant restructuring, appointing Wayne Neale as Chief Product Officer (CPO), Ana Tomboulian as Chief Technology Officer (CTO), Michael Vanderslice as Chief Operations Officer, and other key personnel to enhance its service offerings. Founders Workshop now offers … [More]
Phoenix-Based Tech Co. Launches New AI Marketing Solution for Small to Midsize Companies
Brainiest announced the launch of its new AI marketing solution. Balancing the power of generative AI and human input, it brings transformative innovation to business owners, marketers and technologists. The platform accelerates marketing content generation by blending marketing principles with AI technology, giving users a controlled approach to AI that delivers valuable … [More]
Arizona Bioscience Leaders to Join WearTech Center Advisory Board
The Partnership for Economic Innovation (PEI), a passionate collective of business and community leaders dedicated to accelerating Arizona’s economic opportunities, announced the addition of three bioscience and workforce development industry leaders to its WearTech Center advisory board. Mary O’Reilly, Vice President of Bioscience Research Programs at the Flinn Foundation, … [More]
Data Management Co. Appoints New Chief Executive Officer
Semarchy, a master data management (MDM) and data integration leader, announced the appointment of Ben Werth as Chief Executive Officer. Werth brings over a decade of software industry and private equity leadership experience to Semarchy. "I'm honored and excited to join Semarchy at this pivotal time," said Ben Werth, CEO of Semarchy. "With an industry-leading platform, a … [More]
World’s First Direct Air Capture Manufacturing Facility Coming to Mesa, Will Support Up to 400 New Jobs by 2029
CarbonCapture Inc. a leading U.S. direct air capture (DAC) system company that builds modular systems that can be mass produced, signed a lease for an 83,000-square-foot high-volume manufacturing facility in Mesa, Arizona, for its first manufacturing plant. At full capacity, the facility is projected to manufacture 4,000 modules per year-equal to 2 megatons of removal … [More]
Trinity Capital Exits Its Equity Position in Core Scientific
Trinity Capital Inc., a leading provider of diversified financial solutions to growth-stage companies, announced that as of June 4, 2024, it has completed the liquidation of the shares of common stock of Core Scientific that it received in satisfaction of its claim in Core's Chapter 11 bankruptcy. Trinity provided $30 million in equipment financing to Core in 2021. Core … [More]
Arizona Lithium Officially Opens World-Class Lithium Research Center in Tempe
Arizona Lithium Limited, a company focused on the sustainable development of two large lithium development projects in North America, the Big Sandy Lithium Project (“Big Sandy”) and the Prairie Lithium Project (“Prairie”), held an official grand opening with a ribbon cutting ceremony of the Lithium Research Center in Tempe, Arizona. Arizona Lithium was joined at the ribbon … [More]
AI Gains and Gaps in the Workplace
Study finds AI saves workers an average of six hours per week
Since the advent of ChatGPT, millions of Americans have experimented with, used, and implemented generative artificial intelligence (AI) into their workstreams. Generative and large-language model (LLM) AI is revolutionizing many work sectors, but how do workers feel about it? Workers are embracing AI in record numbers: Ninety-two percent of survey respondents say they trust … [More]
IDTechEx Explores Augmented and Virtual Reality
Augmented and virtual reality are being developed in new ways to enhance reality, from streamlined smart glasses to headsets with farfetched fantasy experiences. Extended reality (XR) headsets are proving useful not only for leisure purposes but also for industry use, training, and even rehabilitation. People with vision conditions or who may be hard of hearing could see … [More]
Local Med Tech Startup Receives Patent
ReSuture, Inc., an Arizona-based startup developing anatomical models to expedite adoption of life-saving therapies, has recently received a patent for its synthetic vascular tissue. ReSuture’s innovative technology delivers the most accurate procedural experience outside the operating room — allowing surgeons to perfect necessary skills currently learned on-the-job. This newly … [More]
Unlocking the Potential: Arizona’s Journey to Semiconductor Innovation Hub
Pioneering the Silicon Desert
In the heart of the scorching Sonoran Desert, a new frontier of innovation is emerging — one that promises to redefine Arizona's economic landscape and propel it into the global spotlight as a semiconductor powerhouse. SEMI, an organization that advances the global semiconductor supply chain, held a SEMI Breakfast Forum in May with the theme "Is Silicon Desert the New … [More]
Balancing Chips and Cacti
As Phoenix embraces its role as a surging hub for semiconductor manufacturing, the city faces the dual challenge of supporting this high-tech industrial boom while preserving its unique desert landscape. This dynamic poses a significant question: How can Phoenix accommodate rapid industrial expansion without sacrificing its environmental heritage? In the heart of the Sonoran … [More]
Integrating Futures
Strategic mergers and acquisitions often serve as milestones that reshape corporate market trajectories and define future capabilities. A recent example of such strategic foresight is the acquisition of Phoenix-based CollabraTech Solutions by Exyte, a leading company in the design, engineering and delivery of high-tech facilities. Founded in 2013, CollabraTech Solutions … [More]
