April 06, 2022
Accenture Invests in Titan House Applied sciences to Assist Free up the Subsequent Frontier of Innovation via House Experimentation
NEW YORK; Apr. 6, 2022 – Accenture (NYSE: ACN) has made a strategic funding, via Accenture Ventures, in Titan House Applied sciences, an orbital compute platform that gives real-time tracking and neural engine features to boost up the following era of medical generation inventions for enterprises, reminiscent of adaptive immune reaction, carbon seize and biomedical packages.
As a part of Axiom House’s Ax-1 challenge, Titan effectively deployed and ran its first suite of gadget studying fashions on HPE’s Spaceborne Laptop-2 aboard the World House Station (ISS).
“The burgeoning non-public and industrial house sector has created a once-in-a-generation alternative for firms to leverage the original R&D setting of house at the side of ever-increasingly subtle AI and different applied sciences to probably clear up our maximum urgent problems right here on earth reminiscent of local weather trade, illness interventions, and fabrics shortages,” stated Tom Lounibos, managing director, Accenture Ventures. “The release of Titan’s first AI fashions to the ISS marks an ideal new milestone in AI-driven analysis and experimentation.”
”Running intently with Axiom and HPE, Titan was once tasked with making use of its house experimentation platform to a use case in accordance with the brand new calls for of a contemporary house station,” stated Ashley Pilipiszyn, Titan co-founder and CEO, who has temporarily transitioned from her earlier function as OpenAI’s Technical Director – recognized for the a hit release of GPT-3 — to house entrepreneur. “Titan’s good fortune demonstrates the carried out AI features crucial for engaging in house experimentation on orbital locations and spacecraft now and one day. We imagine that businesses throughout a large number of industries can take pleasure in house experimentation, and that our involvement in Accenture Ventures’ Challenge Focus will lend a hand introduce Accenture shoppers to the compelling worth proposition we provide.”
Because the ISS U.S. Nationwide Laboratory issues out in its website online, “R&D onboard the ISS Nationwide Lab would possibly supply perception into analysis questions that experience eluded conventional laboratory experimentation within the fields of human well being, biosciences and biotechnology, power and biofuels, bodily and fabrics science, engineering analysis and generation, and Earth and house imaging and observations.”
Titan is the most recent corporate to enroll in Accenture Ventures’ Challenge Highlight, an engagement and funding program concerned about making an investment in firms that create or follow disruptive undertaking applied sciences. Along with investment, Challenge Highlight connects rising generation tool startups with the World 2000 to fill strategic innovation gaps, and gives in depth get entry to to Accenture’s area experience and undertaking shoppers, serving to startups harness human creativity and ship at the promise in their generation.
Along with the funding, Marc Carrel-Billiard, international lead for Generation Innovation at Accenture, has joined Titan’s Clinical Advisory Board. Phrases of the funding weren’t disclosed.
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Titan House Applied sciences was once based in 2021 in Palo Alto, CA with the challenge of creating house experimentation obtainable by the use of its orbital compute platform to undertaking consumers. The corporate was once based through Ashley Pilipiszyn, Russell Foltz-Smith, and Rob Maigret – previously of OpenAI, Wolfram Alpha, and The Walt Disney Corporate, respectively. For more info, seek advice from https://titanspace.co/.
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