Crypto crisis barely impacting Crypto Valley
Zug - The Crypto Valley will survive the crash in cryptocurrencies unscathed, according to the latest Crypto Valley Top 50 Report 2021 by CV VC. In fact, since the end of 2020, the valuation of the top blockchain companies has increased by 464 percent. The number of unicorns has also almost doubled.
AT&T paves the way for qiio to gain a foothold in the USA
Zurich - The North American telecommunications giant AT&T has awarded the IoT specialists qiio the world’s first Network Optimized certification. This covers qiio devices that have been developed on the basis of the Azure Sphere from Microsoft, which control IoT deployments via cellular technology.
Ideogen improving accessibility of blood cancer therapy
Hurden - The Ideogen Group from the Greater Zurich Area is taking over the Special Access Program for Beleodaq in Europe, North Africa, the Middle East and Russia in addition to the Commonwealth of Independent States. This globally unique drug is used to treat reoccurrences of a rare form of blood cancer.
Accenture implementing Zurich expansion plans
Zurich - Accenture is expanding its presence in Zurich. The consulting firm is leaving its current premises on Fraumünsterstrasse to move into two buildings on Pelikanstrasse and Sihlstrasse. Here, the company will offer modern, adaptable workspaces for up to 1,000 employees.
World Economic Forum heading to Davos in May
Cologny - The Annual Meeting of the World Economic Forum (WEF) is set to take place in Davos from May 22-26, 2022. As such, the WEF will be convening in person for the first time since January 2020. Participants will hold discussions under the motto of “Working Together, Restoring Trust”.
Researchers teach ANYmal how to climb mountains
Zurich - The four-legged robot ANYmal has successfully scaled the 1,098-meter summit of the Etzel mountain. To achieve this feat, it was equipped with a new control system by researchers working at the Swiss Federal Institute of Technology in Zurich. ANYmal is now able to combine external and tactile perception capabilities.
Fotokite secures fresh capital from the USA
Zurich/Cranberry Township - Fotokite has raised fresh capital of 13.7 million Swiss francs as part of a financing round. The lead investor was the US firm MSA Safety Incorporated, which will now also become a partner of Fotokite. The start-up based in the Greater Zurich Area is developing a drone for aerial imaging.
Inacta strengthens and expands its venture business
Zug - Inacta is restructuring and expanding its venture business. Former Julius Bär Chairman Daniel J. Sauter, SDX’s General Counsel Nathan Kaiser and UBP banker Kathrin Genovese-Delwing are all new members of its board. The company also helps developing a crypto ecosystem in Dubai inspired by the Crypto Valley model from Zug.
Nanalysis Scientific acquiring QUAD Systems
Calgary/Dietlikon - Canada’s Nanalysis Scientific Corp. has entered into a letter of intent to acquire QUAD Systems AG. The company from the Greater Zurich Area specializes in Nuclear Magnetic Resonance - an analysis method that is used in the pharma industry, for example.
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