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Convoy is truckin' along

Transportation Logistics Patent Forecast®

November 14, 2019

Convoy, an on-demand shipping network founded in 2015, recently raised $400 million in a Series D funding round, bringing their valuation to $2.75 billion. This round included T. Rowe Price, Baillie Gifford, Fidelity, and others. 

Convoy connects truckers and shippers to better match loads - in essence to more efficiently utilize space - and now has tens of thousands of loads per week. Matching of truckers and shippers is done via their platform, letting people book and schedule freight shipments from their phone, without ever calling anyone. 

Convoy has two issued patents and other applications. As they scale, they may need to either increase R&D and filings or look to acquire other companies for their IP, as competitors such as Uber (Uber Freight) and Cargometrics are much more established in this IP space.

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UK government funds 18 projects to develop anti-drone technologies

Unmanned Aerial Vehicles Patent Forecast®

November 14, 2019

The UK government has approved £2 million ($2.57 million) worth of funding for 18 projects that will develop anti-drone and drone detection technologies. Engineering firms and defense contractors were given six months to come up with new technologies that could do one of two things: (1) detect approaching drones, and (2) neutralize incoming threats before they reach a target. BAE Systems Applied Intelligence Ltd  was approved for two projects: 1) to develop electromagnetic defeat of UAVs and 2) to develop passive radar for detection of UAVs. You can use the Magic Number Radian diagram to follow their development of passive radar. 

Drone, Helicopter, Aircraft, Flying, Technology

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Equity Shift Blockchains Tokenized Securities to Meet Regs

Cryptocurrency Patent Forecast®

November 14, 2019

Equity Shift is creating a blockchain platform for offering and purchasing tokenized securities, where the platform meets current and future federal, state, and offering and holding entity rules and regulations.

Users perform transactions using cryptocurrencies tied to a uniquely identified account, cryptocurrency account, or digital wallet. In some instances, restrictions are set to prevent the tokenized securities offering entity functioning as a token marketplace during the offering period. This creates visibility for SEC compliance, as tokenized securities purchased during the tokenized securities offering are tradeable on secondary markets, usually after a rest period.

Equity Shift is a relatively small player in the space, with 2 patent applications in the Cryptocurrency sector, both categorized under the "Finance" sub-category.

Bitcoin, Cryptocurrency, Money, Finance, Blockchain

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EDJX announces public beta

Edge Computing Patent Forecast®

November 14, 2019

EDJX, a Raleigh, NC-based edge computing platform, has launched a public beta of the EDJX Serverless Edge. Coupled with its EDJX Nanoserver Infrastructure, the Serverless Edge will allow developers to write, test and deploy their own computing to the near-edge to meet increased demand and minimize latency for the IoT revolution. 

EDJX, who has one issued patent, emerged from stealth with $2 Million in funding in March, and has now raised over $5 million. Along with their IP, the company has nanoservers available in many form factors, indoors and outside, and utilizes the blockchain to create a peer-to-peer network for real-time data processing.

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Siemens to Unveil New Smart Grid Diagnostic Suite

Energy Financial Settlements Patent Forecast®

November 14, 2019

Siemens is set to unveil its Grid Diagnostic Suite during the European Utility Week. It enables smart grid and electricity grid operators to quickly access information from devices connected anywhere in the smart grid. By employing both cloud-based and Internet of Things (IoT) applications, vulnerabilities are easier to identify and remedy.

One such application is Siemen's cloud-based Sicam Localizer for distribution grids using overhead lines. The status of individual grid segments can be displayed in a clear format, indicating operating values including phase currents. This enables operators to quickly and efficiently respond to power outage events, or prevent them entirely.

Siemens is the holder of 25 patents and patent applications within the Energy Financial Settlement sector, with the majority falling within the "Energy Transaction" sub-category.

Electricity, Power Poles, Power Lines

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Whoop, there it (the money) is!

Consumer Sleep Technology Patent Forecast®

November 12, 2019

Whoop, a wearables company, has closed a $55 million Series D round. This brings the company's total funding to more than $100 million. Whoop's raise follows Google's recent $2.1 billion acquisition of Fitbit.  

The company released the Whoop Strap 3.0 earlier this year, and switched from a pay-for-device model ($500) to a membership bundle, including a free device with a monthly fee. The Whoop Strap 3.0 is unique compared to most wearables currently on the market in that it does not have a screen. 

Whoop currently has 11 documents in the Consumer Sleep Technology sector, all in the Data Processing and Analytics category. Apple has 28 documents in the sector, but has yet to implement sleep tracking in the Apple Watch. Amazon has started making a play for the health care industry, and recently purchased Health Navigator. Amazon notably does not currently have any wearable technology. Additionally, Microsoft recently exited the wearable market with the discontinuation of the Band, but remains active in the patent space. Given the recent uptick in market activity in this technology sector, Magic Number is continuing to monitor whether Whoop will fall under the build or buy column in an increasingly competitive landscape.

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Mad Max joins USAF

Unmanned Aerial Vehicles Patent Forecast®

November 7, 2019

The US Air Force just received its first anti-drone laser and it's right out of Road Warrior. The ‘Mad Max’-like laser dune buggy by Raytheon combines a high-energy laser with an advanced variant of its Multi-spectral Targeting System, a sophisticated package of electro-optical and infrared sensors, and mounts it on a Polaris MRZR all-terrain vehicle.  The system will be deployed overseas as part of a year-long Air Force experiment to train operators and test the system’s effectiveness in real-world conditions, according to a company news release.  Raytheon delivered this machine in less than 24 months. Some of their recent patents demonstrate Raytheon's develoment of a comprehensive counter-UAV solution.

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Thailand's Smart Grid Initiative

Energy Financial Settlements Patent Forecast®

November 7, 2019

At the upcoming Future Energy Show Thailand 2019, Thailand's Smart Grid Initiative will be center stage. Currently, Thailand is the leader in renewable energy installed capacity for Southeast Asia.

Their Smart Grid Initiative has three key focal points: energy supply security, grid resiliency, and energy efficiency. The goal: a country-wide target of 30% renewable energy by 2036. This initiative, over the course of the next 17 years, is estimated to cost Thailand's state-owned utilities over $6 billion.

Solar Panel, Energy, Power, Alternative, Electricity

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Will Vektor Come out of Stealth Soon?

AI Biotech / Diagnostics Patent Forecast®

November 7, 2019

Vecktor Medical went on a patent filing spree. The Carlsbad, California company is currently in stealth mode, but from July 2018 to January 2019 they filed at least thirteen patent applications, all of which recently published. 

The company is considered a healthcare company, and likely has currently completed one round of seed funding. These patent applications will be extremely beneficial in increasing their funding potential moving forward. The published documents all related to cardiograms for research purposes. Don't be surprised to see their name when they formally exit stealth.

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Eight Sleep raises $40 million in funding

Consumer Sleep Technology Patent Forecast®

November 7, 2019

Forbes has reported that Eight Sleep raised $40 million in a growth funding round, bringing their total funding to $65 million. The round was led by Founders Fund and included funding by Khosla Ventures, Y Combinator, Craft Ventures, 8VC, Ryan Petersen, and Kevin Hartz. The company plans to invest in research and development, along with expanding their workforce from 50 employees to 100 employees. 

The company's flagship product is "the Pod", which features a heating and cooling system. Eight Sleep has plans to launch a scientific trial with Stanford University to determine the effects of temperature regulation on sleep using Eight Sleep products. The company is currently conducting studies with Mount Sinai and UCSF.

Eight Sleep has 24 documents in the Consumer Sleep Technology sector, with 11 of those documents focused on temperature. Eight Sleep faces competition in the sector from traditional mattress companies, such as Sleep Number, as well as companies with temperature regulation devices, including Chili (makers of the ChiliPAD and OOLER) and BedJet.

Image result for the pod eight sleep

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