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ENVIRONMENTAL SERVICES & EQUIPMENT | Hazardous Waste Services
loraxsystems.com

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Founded Year

2010

Stage

Grant | Alive

Total Raised

$560K

Last Raised

$560K | 3 yrs ago

About Lorax Systems

LORAX Systems is a Nova Scotia-based environmental solutions company. LORAX develops and delivers systems and products that mitigate environmental and safety risks. LORAX has developed LineGuardian. LineGuardian is a precision valve and line system that detects fuel leaks.

Lorax Systems Headquarter Location

109 Ilsley Ave, Unit #2

Dartmouth, Nova Scotia, B3B 1S8,

Canada

1-877-335-6729

Latest Lorax Systems News

Real-time Analytics News for Week Ending April 17

Apr 18, 2021

Real-time Analytics News for Week Ending April 17 In this week’s real-time analytics news: Many announcements from NVIDIA GTC (GPU Technology Conference) where companies introduced new products or services that use NVIDIA compute platforms. Keeping pace with news and developments in the real-time analytics market can be a daunting task. We want to help by providing a summary of some of the items our staff came across each week. Here are some of the news items from this week: Cloudera announcedthat  Cloudera Data Platform (CDP)  will integrate the  RAPIDS Accelerator for Apache Spark 3.0 . Deployed on NVIDIA computing platforms, thesoftware enables enterprises to accelerate data pipelines and push theperformance boundaries of data and machine learning (ML) workflows to drivefaster AI adoption and deliver better business outcomes without changing anycode. With the release earlier this year of Applied ML Prototypes (AMPs) in CDPand the power of NVIDIA computing, users can not only jumpstart fully packagedML use cases but also accelerate data processing and model training at a lowercost across any on-premises, public cloud, or hybrid cloud deployment. Waylay announced Waylay IO, a low-code development platform that reduces the complexity of the application development process. Its automation technology uses small snippets of code, reusable across different use cases, and orchestrated by a powerful rules engine. The automation platform offers all the necessary tools in one place and helps developers to experiment with data and create new applications and business models quickly. Waylay IO is built on top of open-source alternatives, without dependencies on any specific cloud provider. It allows easy integration of API-enabled services and provides excellent debugging and observability capabilities. The platform has built-in state-of-the-art security models like Auth0. The Waylay IO platform is a premade automation stack where API gateways, multitenancy, lambdas, databases, and all other services are embedded and pre-installed. Lenovo Infrastructure Solutions Group (ISG) announced the expansion of its partner ecosystem and launched five new  ready-to-deploy artificial Intelligence (AI) solutions . This growing global ecosystem of industry-leading independent software vendors (ISVs) enables Lenovo to bring AI solutions to market for a wide range of applications and industries, including manufacturing, healthcare, retail, and financial services. Lenovo also deepened engagements with Intel and NVIDIA to help support its extensive portfolio of AI-ready servers and storage, enabling ISVs to optimize their AI applications across the entire hardware and software stack. Bentley Systems announced that it is developing applications using the NVIDIA Omniverse platform . Specifically, it will extend the Bentley iTwin platform to integrate with NVIDIA Omniverse to provide a graphics pipeline for AI-enhanced, real-time visualization, and simulation of infrastructure digital twins. Bentley iTwin is an open, scalable cloud platform that enables engineering firms and owner-operators to create, visualize, and analyze digital twins of infrastructure assets. The integration allows engineering-grade, millimeter-accurate digital content to be visualized with photorealistic lighting and environmental effects on multiple devices, including web browsers, workstations, tablets, and virtual reality and augmented reality headsets from anywhere in the world. StradVision , which offers AI-based vision processing technology for Autonomous Vehicles and ADAS systems, revealed the latest features of its camera perception software SVNet. The software relies on deep learning-based perception algorithms. SVNet is a lightweight software that allows vehicles to detect and identify objects accurately, such as other vehicles, lanes, pedestrians, animals, free space, traffic signs, and lights, even in harsh weather conditions or poor lighting. Additionally, SVNet enables the innovative Highway Driving Assist and Advanced Parking Assist feature with high-resolution and multiple cameras on the NVIDIA platform. Pegasystems announced Pega Process AI – a new set of Pega Platform capabilities that help organizations optimize their business and customer operations in real time. By infusing self-optimizing AI and decision management into its low-code process automation software, Pega offers a solution that can intelligently triage millions of incoming customer requests, transactions, and other events at enterprise scale. This enables fast and effective event resolutions while helping to lower operating costs and simplify employee and customer experiences. Process AI turbocharges the value of process automation by applying real-time AI, event stream processing, machine learning, decisioning, and natural language processing (NLP) to any business process. Using hundreds of self-learning models, Process AI also streamlines inefficient processes on the fly to better optimize business outcomes. Tredence launched its machine learning operations platform, ML Works. The community launch targeted at data scientists, engineers, and analysts will allow them to register and explore ML Works for free. Enterprise launch will follow in September. ML Works is designed to help companies solve complex challenges in ML operations with automated workflows, pre-built solutions to track model degradation, and code workflow management. With ML Works, data scientists can shift their focus from managing machine learning and mitigating risks to augmenting AI innovations. Additionally, ML Works includes data drift analysis for continuous monitoring of production model accuracy, custom metrics, and explainable AI to help non-technical users with model predictions. Fujitsu announced an agreement to collaborate with Siemens Digital Industries Software to accelerate Digital Transformation (DX) in the manufacturing industry beginning with the Japanese market. Through this collaboration, Fujitsu will initially resell industry-specific solutions from Siemens’ Xcelerator portfolio in the Japanese market, including Siemens’ Product Lifecycle Management System “Teamcenter” and Manufacturing Operation Management System “Opcenter,” while providing solutions that draw on these capabilities in combination with Fujitsu’s brand of manufacturing solutions and services, COLMINA. With the technical support of Siemens, Fujitsu is additionally developing 3D-BOP functions that seamlessly link design and assembly processes to shorten time to market and improve productivity and quality. Quantum Computing Inc. (QCI) announced that QCI’s Qatalyst constrained optimization is now available as a Software as a Service (SaaS) on Amazon Web Services for both classical and quantum computers. The SaaS service eliminates the need for complex quantum programming. It empowers subject matter experts (SMEs) to submit their complex optimization problems to Qatalyst, which leverages the power of quantum-ready computational software on classical processors to provide solutions. Users can also submit smaller problems to a variety of quantum processing units (QPUs) via Amazon Braket, using the exact same API with no quantum expertise required. As QPUs scale to support production usage, SMEs can submit the exact same problem to Qatalyst for hybrid classical/quantum or pure quantum processing. Grid.ai announced the general availability of Grid, a new platform that enables researchers and data scientists to train AI models on the cloud at scale, from a laptop with zero code changes. Grid lets AI researchers, machine learning engineers, and data scientists do development and training at scale without requiring advanced skills in machine learning engineering or MLOps engineering. These developers can focus on delivering value with AI as opposed to dealing with the infrastructure challenges needed to leverage deep learning at scale. Grid.ai solves this challenge by creating an easy-to-use interface for training models on the cloud. Real-time analytics news in brief: IBM announced that Kyndryl will be the name of the new, independent company that will be created following the separation of its Managed Infrastructure Services business, which is expected to occur by the end of 2021. Kyndryl will design, run, and manage modern, efficient, and reliable infrastructure for businesses and organizations. As an independent company, Kyndryl will open alliances with a diverse ecosystem of leading technology partners. Phrasee announced PhraseeX, technology that allows marketers to optimize language in real-timeautomatically. Phrasee X uses advanced machine learning techniques to optimizebrand language in real-time, at the click of a single button. It builds onPhrasee’s natural language generation and deep learning capabilities to enhanceits AI-powered SaaS platform. It allows brands to generate, optimize, automate,and analyze language in their own brand voice. Alluxio announced the availability of version 2.5 of its Data Orchestration Platform featuring access via POSIX and S3 interfaces enabling data platform teams to accelerate data pipelines for both business intelligence and model training using frameworks such as Tensorflow and PyTorch. Alluxio 2.5 also improves compatibility with the S3 API. Also, administrators now have the flexibility to manage the Alluxio file system namespace through a standard object storage console. Logz.io announced its support for the OpenSearch project, the new fork of the Elasticsearch and Kibana codebases recently unveiled by AWS . Logz.io has been working closely with AWS and several other partners to help define the future path and roadmap for the project. Logz.io is confident that the community-based nature of the project will ensure users continue to have a secure, high-quality, fully open source-based search and analytics suite with a rich roadmap of new and innovative functionality. ADLINK Technology Inc. introduced two new modules in the 6-CH EU Series digital I/O – the ECAT-4XMO motion control and trigger module and the ECAT-TRG4 trigger modules. The new modules are a dynamic extension to ADLINK’s EtherCAT System and are designed to complement the EU Series, enabling higher performance in automatic assembly, test, and inspection equipment across a multitude of applications. Senet, Inc. announced a new partnership with  Lorax Systems to improve the ability of utility companies to monitor and prevent potentially hazardous natural gas incidents. Through this technical collaboration, the companies have certified Lorax’s meter and service shut-off valves on Senet’s LoRaWAN network. The resulting integration provides utilities 24/7 monitoring with automatic and remote gas shut-off capabilities when hazardous conditions have been detected at any location using Senet’s Low Power Wide Area Network (LPWAN) connectivity. Kasada announced the general availability of its new V2 platform. The V2 release includes improvements that provide customers with an immediate and long-term approach to bot mitigation without the need for burdensome maintenance. These include a 15x increase in client interrogation sensors, new proprietary and dynamic obfuscation method to make it extremely difficult – and expensive – for attackers to retool their efforts, and additional controls for proof-of-work challenges to encourage attackers to move on to their next target. IBM announced a definitive agreement to acquire myInvenio, a process mining software company based in Reggio Emilia, Italy. The acquisition will provide organizations with data-driven software that should help them identify the most impactful business processes to automate using real-time analytics and AI – including sales, procurement, production, and accounting. Evonik expanded its strategic partnership ahead of schedule with I B M in the field of digitization. Taking this decision early creates more opportunities for longer-term projects. Furthermore, Evonik will be involved in the research and development of artificial intelligence at the Massachusetts Institute of Technology (MIT). Evonik is the world’s first chemical company to participate at the MIT-IBM Watson AI Lab. Carleton University and IBM Canada announce a five-year multimillion-dollar collaboration agreement to enhance Carleton’s Institute for Data Science and equip students for essential jobs in emerging digital careers such as artificial intelligence (AI), machine learning, and data science. The agreement establishes a framework for joint research and educational initiatives to boost the University’s cross-disciplinary AI and Data Science programs. University of Florida researchers in its academic health center, UF Health ,  announced that they have collaborated with  NVIDIA researchers to create GatorTron, an artificial intelligence transformer natural language processing model intended to accelerate research and medical decision-making by extracting insights from massive volumes of clinical data with unprecedented speed and clarity. The new model will speed up researchers’ ability to use real-time analytics and other technologies to identify relevant patients for clinical trials and other studies. Celonis announced an agreement with Microsoft to bring together Celonis’ Execution Management Systems (EMS) with Microsoft’s portfolio of cloud data services, analytics, and intelligent automation platforms. The Celonis integrations across Microsoft technology will help customers fix hidden bottlenecks in their business and execute their core processes at maximum capacity. Amazon Web Services  (AWS) launched  Machine Learning Essentials for Business and Technical Decision Makers —a series of three free, on-demand, digital-training courses from AWS Training and Certification. These courses are intended to empower business leaders and technical decision-makers with the foundational knowledge needed to begin shaping a machine learning (ML) strategy for their organization, even if they have no prior ML experience. C3 AI and Yokogawa Electric Corporation announced that Yokogawa has selected the C3AI Suite as a platform to enhance enterprise AI applications and complement its digital transformation solutions and services for industrial customers. Yokogawa and its wholly-owned subsidiary, KBC, will deploy the C3 AI Suite with its advanced AI capabilities to their software portfolio. Informatica unveiled its Intelligent Data Management Cloud (IDMC), designed to help businesses innovate with their data on any platform, any cloud, multi-cloud, and multi-hybrid and for all users across the enterprise, beyond just IT. IDMC is available in a consumption-based pricing model, which gives customers and partners the flexibility to scale up their cloud journey at a pace that suits their business. IBM , Red Hat , and Cobuilder announced a global collaboration to co-develop OpenBuilt, a new platform designed to help securely connect fragmented construction industry supply chains. Built on Red Hat OpenShift and running on IBM Cloud, OpenBuilt will offer new digital solutions to help innovate and drive more efficient, sustainable, and safer construction projects. Bulk Infrastructure ,the Nordic provider of ultra-scalable, highly connected, sustainable datacenters, announced they are joining the  NVIDIA  DGX-Ready Data Center Colocation Program  as a Europeanpartner. Bulk’s collaboration with NVIDIA brings the powerful AI system to 100%clean energy, state-of-the-art data center facilities in the Nordics. If yourcompany has real-time analytics news, send your announcements to [email protected] . In case you missed it, here are our most recent previous weekly real-time analytics news roundups:

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Lorax Systems Patents

Lorax Systems has filed 4 patents.

The 3 most popular patent topics include:

  • Fluid dynamics
  • Tires
  • Valves
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/24/2017

1/7/2020

Valves, Tires, Plumbing valves, Plumbing, Fluid dynamics

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1/7/2020

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Related Topics

Valves, Tires, Plumbing valves, Plumbing, Fluid dynamics

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Status

Grant

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