Business

 

 

Patented: Amazon’s Automated Item Handling Systems and More North Texas Inventive Activity

Dallas-Fort Worth ranked No. 9 for patents out of 250 metros for the week of March 26, 2024. 144 patents granted include: Aeris Communications' auto-immobilization of machines capable of moving, Smart Tracking Technologies' canine collar clip, Hunt Energy Enterprises' decentralized system and method for mitigation of climate change, 3M Innovative Properties Company's high transmission light control film, and Biora Therapeutics' ingestible device for delivery of therapeutic agent to the gastrointestinal tract.
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Dallas-Based Milton Sleep Co. Launches New Mattress Line Built in Southern Dallas
by | Apr 16, 2024
After making mattresses for Serta for 70 years, Milton Sleep Co. has launched its own private label, with each mattress named for a small Texas town—a tip of the hat to Milton's roots as a manufacturer that launched in Lockhart.
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Canada’s Freshslice Pizza Is Expanding to U.S. with Two DFW Locations and a ‘Royalty-Free’ Franchise Model
by | Apr 16, 2024
Freshslice CEO Ray Russell has a vision of making his company the "Starbucks of Pizza" by offering a “3 in 1” system of pizza by the slice and unlimited toppings at one price.
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The Last Word: Dallas Council Member Jaynie Schultz on Proposed Improvements for Dallas’ Central Library
by | Apr 16, 2024
The Dallas Public Library's J. Erik Jonsson Central Library in downtown Dallas—one of America's largest—was built in 1982 across from Dallas City Hall, and many agree it could use an overhaul. That especially includes library officials and consultants they brought in for a report on the building's future, among other needed investments in the city's library system.
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Abu Dhabi’s G42, Which Is Building an ‘AI Supercomputer’ in Dallas, Gets $1.5B from Microsoft

by | Apr 16, 2024
As UAE-based G42 nears the launch of a game-changing AI supercomputer in Dallas, it's been doubling down on its long-standing collaboration with Microsoft. Now Microsoft is going in big with a 10-figure strategic investment in the Abu Dhabi technology holding group.
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‘Where Artificial Intelligence Meets Business’: Dallas Leads the Way With Convergence AI Conference
Trailblazing companies reshaping industries with innovative AI strategies will be in the spotlight at Convergence AI on May 2. The conference offers a unique opportunity for businesses to learn from these leaders and position themselves for success in the AI-driven future.
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Dallas’ Imaginuity Launches an AI-Created ‘Virtual Shopping Bestie’ Named Cindy
by | Apr 16, 2024
Now appearing on the websites of 13 JLL-managed shopping centers across the U.S., "Cindy" may seem like just another influencer peddling perfume and athleisure. But she's really a "complex mix of generative AI tools driven by a proprietary recipe of procedures, prompts, and modeling."
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Fort Worth Solar Developer Bridgelink, California’s Bitech Technologies Execute Business Combination Agreement
by | Apr 15, 2024
Under the agreement, Bitech will acquire battery energy storage systems and solar projects with estimated capacity of up to 5.8 GW. The move underscores a "unified commitment" to advancing the development of projects in the U.S. including in Texas, Arizona, and Louisiana, the companies said.
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New York’s Edged Energy To Build ‘Ultra-Efficient, AI-Ready’ Data Center in Irving

by | Apr 15, 2024
Edged Dallas will be built for high-density AI workloads and equipped with advanced waterless cooling and ultra-efficient energy systems. It's expected to open in the fall.
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Cariloop Raises $20M Series C To Boost Growth and Expand Caregiver Support Solutions
by | Apr 15, 2024
The Series C round for Cariloop's comprehensive caregiver support platform was led by ABS Capital with participation from existing investors Noro-Moseley Partners, KCRise Fund, Revolution’s Rise of the Rest Seed Fund, and Patterson Thoma Family Office.
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McKinney’s Encore Wire Acquired by Italy’s Prysmian in $4B-Plus Deal
by | Apr 15, 2024
The expansive North Texas manufacturer of copper and aluminum for residential, commercial, and industrial wire needs is listed on Nasdaq under the ticker WIRE. After the deal closes, Prysmian said it expects to maintain a significant presence at Encore Wire’s vertically-integrated, single-site campus in McKinney.
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Dallas To Host 2024 U.S.‑Africa Business Summit May 6‑9
by | Apr 15, 2024
Returning to the U.S. for the first time in seven years, the Corporate Council on Africa’s annual U.S.-Africa Business Summit will be held at the Kay Bailey Hutchinson Convention Center in Dallas. With consumer spending in Africa slated to hit $2 trillion in 2025—and with some of the largest African diasporas living right here in North Texas—the summit could offer "immense business opportunities," the city said.
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BKV Taps Design Pro to Drive Corporate, Hospitality Projects In North Texas and Sun Belt

by | Apr 12, 2024

BKV Group has added Melanie N. Hanna as director of interior design and senior associate working on its Dallas practice site.

Washington, D.C.-based BKV Group is a holistic, multidisciplinary design firm.

In a news release, Jack Boarman, CEO of BKV Group said Hanna’s expertise in “nearly every aspect of design” makes her the “ideal candidate” to help scale the firm’s interior design work in Texas and throughout BKV’s southern region....

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Plano’s Upbound Group Adds Retail Industry Stalwart to Its Board
by | Apr 12, 2024

Molly Langenstein has been appointed as an independent director to the board of directors of Plano-based Upbound Group Inc., a provider of technology-driven, flexible leasing solutions for consumers through its operating brands that include Rent-A-Center and Acima....

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Dallas’ Arctos Adds Industry Veteran as Operating Partner
by | Apr 12, 2024

Dallas-based private investment firm Arctos has added Brian Lafemina as operating partner of the firm that provides custom-made growth and liquidity solutions, innovative thought partnership, and value creation services to sports franchises (Arctos Sports) and alternative asset managers (Arctos Keystone)....

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PE Firm Lone Star Names CEO/Global President
by | Apr 12, 2024

Donald Quintin has been appointed chief executive officer and global president of Dallas-based Lone Star, a global private equity firm.

Quintin joined Lone Star in 2010 and has served in multiple leadership positions, most recently as president of opportunity funds overseeing the origination and operations of the Opportunity Fund and the Residential Mortgage Fund strategies....

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