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HEALTHCARE | Medical Facilities & Services
archimedesmodel.com

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Founded Year

2006

Stage

Acquired Unit | Acquired

About Archimedes

Archimedes is a San Francisco-based healthcare modeling company and wholly owned subsidiary of Kaiser Permanente. Archimedes brings a very sophisticated and well validated model to bear on a multitude of health economic questions, public health and policy issues, and on the challenges in the design of clinical trials. The IndiGO division of Archimedes enables the combination of real-world healthcare data and simulation to create compelling and actionable evidence used in individual healthcare decision making.

Archimedes Headquarter Location

123 Mission Street

San Francisco, California, 94105,

United States

415-490-0400

Latest Archimedes News

Qatar First Bank participates as a private investor in a company...

Nov 28, 2021

... Qatar First Bank LLC (Public) (the “Bank”) announces the signing of an investment agreement in SoundHound Inc., an American technology company specializing in the field of artificial intelligence-based voice aids, headquartered in Silicon Valley, California, in the United States United States of America. [ومن المتوقع إغلاق طرح الاستثمار في [الربع الأول من عام 2022]. The SoundHound platform is based on proprietary natural language technology and allows companies to use artificial intelligence in the customer service sector through a chatbot to facilitate interaction with customers in 22 languages. It is expected that the global market will witness more investment opportunities in the field of artificial intelligence voice assistants, bringing the volume of investment in this sector to 160 billion US dollars. SoundHound is at the forefront of AI voice technologies that help companies improve customer experience and build loyalty through AI speaking and voice interaction to add value to customer interactions. The company has grown significantly since its inception, and SoundHound has a solid client base that includes leading car manufacturers, home appliance manufacturers, telecom companies, and more. This investment is the first of its kind for the bank in the technology sector in the United States, and comes as an important addition to the diversified investment plan pursued by the bank in the American market. The entry of a Qatari banking institution into the investment sector in Silicon Valley represents a unique opportunity for local investors and opens new horizons for bilateral cooperation and investment between the two markets. Commenting on this investment, Sheikh Faisal bin Thani Al Thani, Chairman of Qatar First Bank, said: “This investment is a bold step taken by Qatar First Bank in the context of diversifying its investment portfolio by entering the investment sector in the field of artificial intelligence technologies. We are confident that SoundHound has great potential for growth, especially after announcing its expected listing in the US stock market early next year.With the company’s revolutionary innovations in AI as well as its in-depth expertise in the AI ​​voice aid sector, we are confident that SoundHound has great potential for growth. “This move will provide a unique and valuable investment opportunity for our local investors. We are pleased to have been able to acquire the status of a Private Investor in SoundHound to take advantage of the tremendous investment opportunities offered by the company and the positive momentum that will be generated by the company’s growth path as it moves to the next stage of its development.” . For his part, Mr. Abdul Rahman Totonji, CEO of Qatar First Bank, said: “This is a distinctive historical addition to the unique investment portfolio that Qatar First Bank offers to its elite clients to enable them to invest in promising market sectors in the United States. It also represents a continuation of our plan The ambitious goal is to meet the growing demand from local investors for investment opportunities that are compliant with the provisions of Islamic Sharia. In our efforts to strengthen our investment portfolio and increase investment opportunities in the US market, this opportunity has emerged as an ideal investment option that fulfills all the key criteria we look for in technology companies. With the guarantee of obtaining this investment, we began to focus on attracting new projects with great enthusiasm and proficiency, taking advantage of the great prospects that this investment will provide for our companies and clients alike.” This investment opportunity, which has been approved by the Sharia Supervisory Board of Qatar First Bank, is being offered on a private placement basis to qualified investors who meet the eligibility requirements to invest in accordance with the rules and regulatory requirements of the Qatar Financial Center Regulatory Authority. It is worth noting that Qatar First Bank is the first independent Shariah-compliant investment bank licensed by the Qatar Financial Center Regulatory Authority and listed on the Qatar Stock Exchange under the symbol QSE-QFBQ). Important information and where to find it This press release refers to a proposed transaction between Archimedes Tech SPAC Partners Co. and SoundHound Corporation. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange any securities, and no sale of securities may be made in any jurisdiction where such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws for this jurisdiction. In connection with the transaction described herein, Archimedes intends to submit relevant documents and materials to the SEC, including a registration statement on Form S-4, which will include a proxy statement/prospectus. Securities holders are encouraged to carefully review this information, including the risk factors and other disclosures contained therein. A proxy statement/prospectus will be sent to all Archimedes stock holders. Archimedes will also submit other documents relating to the proposed transaction using the SEC. Before making any decision on voting or investing, we urge Archimedes investors and holders of securities to read the registration statement, proxy statement/prospectus and all other relevant documents submitted or to be submitted to the SEC in connection with the proposed transaction as soon as they become available because they It will contain important information about the proposed transaction. Investors and securities holders will be able to obtain free copies of the proxy statement/prospectus and all other relevant documents submitted or to be submitted to the SEC by Archimedes via the SEC website at www.sec.gov or the website for Archimedes at www.archimedesspac.com or by sending an email to [email protected] Entities involved in the petition documents Archimedes, SoundHound, and their directors and executives may be deemed to be engaged in soliciting representations from Archimedes’ shareholders in connection with the proposed transaction. Information regarding Archimedes’ board members, executive officers, and ownership of Archimedes securities is contained in Archimedes’ filings with the Securities and Exchange Commission. Additional information regarding the interests of these and other persons who may be considered to be participants in the proposed transaction may be obtained by reading the proxy statement/prospectus in relation to the proposed transaction as it becomes available. Free copies of these documents can be obtained as described in the previous paragraph. These were the details of the news Qatar First Bank participates as a private investor in a company... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new. It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

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Archimedes Patents

Archimedes has filed 31 patents.

The 3 most popular patent topics include:

  • Atmospheric thermodynamics
  • Home automation
  • Sensors
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/16/2016

3/16/2021

Wireless sensor network, Wireless networking, Sensors, Microcontrollers, Computer memory

Grant

Application Date

12/16/2016

Grant Date

3/16/2021

Title

Related Topics

Wireless sensor network, Wireless networking, Sensors, Microcontrollers, Computer memory

Status

Grant

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