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Daily Archives: July 21, 2021
Apocalypse or Opportunity? Reimaging the Future of Drones & Robots – Analytics Insight
Posted: July 21, 2021 at 12:33 am
Whether we call them invasive or human aids, the fact thatdrones and robotsare helping mankind better our performance remains the same. While the current age of technology is already good enough to give goosebumps, it is a necessary step to look ahead of time and anticipate what 2030 or maybe 2050 holds for us. Besides the domination of artificial intelligence and other technologies, thefuture of drones & robotsis expected to unravel a new world of opportunities. But there is no assurance that whatever waits behind the door is not a dystopian future.
Todays technology has shiftedrobots from being lifeless machines that obey commands to human-friendly technology that is compensating human labor. They have become a key link in a dynamic continuum that encompasses humans, other machines, and the digital environment in which they operate. With the introduction of the fourth industrial revolution, the dominance ofdrones and robots has further intensified. Technology has reshaped the way artificial intelligence, machine learning, the Internet of Things (IoT), and robotics could work along with people. Boring tasks like data entry, answering customer queries, delivering products, etc are assigned to be carried out by automatic machines. Big data on the other hand is evolving to be the power behind every strong business decision. Altogether, the disruptive technologies along with the opportunities of industrial evolution have got our hopes high regarding the future of drones & robots.
Fundamentally, three major changes including increased collaboration increased autonomous mobility, and increased intelligence is changing the tailwind of howdrones and robots function. Initially, they emerged as a technology that could carry out human-ordered tasks. But later, as technology took center stage, smart dronesandautonomous mobile robots are becoming human aids. They minimize tough and labor-intensive tasks and helps people take overworks that involves intellect.
Lets imagine being on a time machine. Currently, we are in 2021 and our brief pause would be in 2030. During the short interval, we will take you through how thefuture of drones & robotsunfold in the unseen times.
Drones are not a new thing to the technology sphere. Ever since artificial intelligence took humankind by storm, drones coexisted with disruptive innovations. The footprint of drones is traced back to the early 2000s. The blueprint of drones is suspected to be used in World War I when both the US and France worked on developing automatic, unmanned airplanes. But things have drastically changed since. From being a maneuvering machine to luring drone fanatics, drone technology has reached a big milestone in 2021.
Still, the historical habit of using drones in the military has not died. Even today, the defense wing of countries is using military drones to combat missions, research, and development, supervision, etc. Moving out of the government concepts, the commercial world has so much to do with drones. Companies are starting to use drones as delivery objects. Besides, many are working on autonomous drones that could function on their own when assigned to carry out a delivery task.
Since drone technology is constantly evolving, the future drone tech is currently undergoing groundbreaking progressive improvement. The future is anticipated to welcome drones that are commercially suitable, fully compliant to safety and regulation standards, have payload interchangeability, etc. The drones of 2030 are already in the making. Smart dronesare powered with built-in safeguards and compliance tech, smart accurate sensors, and self-monitoring. They are expected to unravel new opportunities in transport, military, logistics, and commercial sectors.
Althoughrobotsand humans have a long history, we are still at the first phase of coexisting with each other. People are slowly paving way for robotics to come into their lives. The collaborative environment enabled by the automation continuum includes diverse players and reams of data, which together can present several significant challenges.
The future of robotics has a trailblazing concept in the bag.Autonomous Mobile Robots(AMRs) are emerging as a disruptive concept that could take the world by storm in the coming days.Autonomous mobile robotsare already invading the practical world and in diverse sectors like security, cleaning, retail, and hospitality. On the other hand,autonomous mobile robotsalong with drones are transforming the way the agriculture sector functions. They help implant intelligent solutions that could possibly help formers enhance their harvest.Autonomous mobile robotshelp pick fresh fruits and help in dairy farming. This is anticipated to intensify in the upcoming years.Autonomous mobile robotsare expected to forever change the fate of agriculture and logistics.
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Could the Phillies really turn CF over to Travis Jankowski? – Call to the Pen
Posted: at 12:33 am
It was one of those articles featuring a title that outran the actual claim presented, which showed up in paragraph five. In the digital Philadelphia Inquirer on July 18, the headline writer adorned writer Bob Brookovers piece with the title The Phillies center-field job is still up for grabs and Travis Jankowski is now the frontrunner.
In fact, what Brookover wrote was that, considering the current situation (including an injury to one center fielder), the Phillies are in no hurry to bring back [former All-Star, Odubel] Herrera. The writer named no source for that conclusion. No one was quoted to that effect.
However, thats not criticism. Its merely noting that frontrunner carries the connotation about a lead in a race thats a little more than a foot or two. At the moment, Travis Jankowski can be said to be leading the seemingly eternal battle for the Phillies number-eight position on your scorecard.
But that lead doesnt even put Jankowski in center every day at this point, or for the whole game when he starts. Luke Williams, one of the Phillies younger utilitymen, for example, has been in center field for at least parts of six games in July, four of which he shared with Jankowski. Williams started three of the games he appeared in.
It is undeniable that Jankowski has been very useful in the Phillies resurgence in July. For the month through play July 18, he has hit .385 with four RBI, eight runs scored, and a .907 OPS. Most recently, he contributed a pinch-hit single, run scored, and three innings in center in the series-winning defeat of Miami that pushed the Phillies to within two games of first-place New York.
However, he is, like Williams, a utilityman. Both are speedy and quite decent outfielders. Both can steal bases. However, Jankowski is several years older and has always been a utility player with the arguable exception of one or two years.
In 2016 and 18 he played enough to get nearly 400 at-bats for the Padres in both campaigns. However, Jankowski is, despite his current torrid streak, a lifetime .245 hitter. Its true that, at age 30, he seems to play younger than he actually is, and part of that may be an enthusiasm about playing for the Phillies, the team he followed as a youngster in Lancaster (PA) County.
It will make a very nice story if Philadelphia continues to give Jankowski a majority of the available time for the rest of this season in center field. It would be an even better story if he continues to be hot, and the team posts a winning record or wins their division.
The bottom line, though, is that Travis Jankowski is likely to remain a role player in the long-term, and the Phillies search for a high-level, everyday performer in center field will continue. However, it would be great to be wrong about that.
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What is the best simulation tool for robotics? – Robohub
Posted: at 12:33 am
What is the best simulation tool for robotics? This is a hard question to answer because many people (or their companies) specialize in one tool or another. Some simulators are better at one aspect of robotics than at others. When Im asked to recommend the best simulation tool for robotics I have to find an expert and hope that they are current and across a wide range of simulation tools in order to give me the best advice, which was why I took particular note of the recent review paper from Australias CSIRO, A Review of Physics Simulators for Robotics Applications by Jack Collins, Shelvin Chand, Anthony Vanderkop, and David Howard, published in IEEE Access (Volume: 9).
We have compiled a broad review of physics simulators for use within the major fields of robotics research. More specifically, we navigate through key sub-domains and discuss the features, benefits, applications and use-cases of the different simulators categorised by the respective research communities. Our review provides an extensive index of the leading physics simulators applicable to robotics researchers and aims to assist them in choosing the best simulator for their use case.
Simulation underpins robotics because its cheaper, faster and more robust than real robots. While there are some guides that benchmark simulators against real world tasks there isnt a comprehensive review. A more thorough review can address gaps and needs in research and research challenges for simulation. The authors focus on seven sub-domains: Mobile Ground Robotics; Manipulation; Medical Robotics; Marine Robotics; Aerial Robotics; Soft Robotics and Learning for Robotics.
Im going to cut to the chase and provide a copy of the final comparison tables of each sub-domain but for anyone interested in utilizing these recommendations, then I recommend reading the rationale behind the rankings in the full review article. The authors also consider whether or not a simulator is actively supported. Handy to know! And the paper is also an excellent source of information about various historic and current robotics competitions.
TABLE 1 Feature Comparison Between Popular Robotics Simulators
TABLE 2 Feature Comparison Between Popular Robotics Simulators Used for Mobile Ground Robotics
TABLE 3 Feature Comparison for Popular Robotics Simulators Used for Manipulation
TABLE 4 Feature Comparison of Popular Robotics Simulators Used for Medical Robotics
TABLE 5 Feature Comparison of Popular Simulators Used for Marine Robotics
TABLE 6 Feature Comparison of Popular Simulators Used for Aerial Robotics
TABLE 7 Feature Comparison of Popular Simulators Used for Soft Robotics
TABLE 8 Feature Comparison of Popular Simulators Used in Learning for Robotics
As robotics makes more use of deep learning, simulators that can deal with data on the fly become necessary, and also a potential solution for simulation problems regarding points of contact or collisions. Rather than utilize multiple simulation methods to make a clearer abstraction of the real world in these boundary situations, the answer may be to insert neural networks trained to replicate the properties of difficult phenomena into the simulator. There is further discussion on differentiable simulation, levels of abstraction and the expansion of libraries, plug-ins, toolsets, benchmarking and algorithmic integration, all increasing both the utility and complexity of simulation for robotics.
As the field of simulation for robotics grows, so does the need for metrics that capture the accuracy of the real world representation. Finally, we predict that we will see further research into estimating and modeling uncertainty of simulators.
This may have been the first review article on simulation for robotics but hopefully not the last. Theres a clear need to study and measure the field. I found the sections on soft robotics and learning for robotics particularly interesting, as the paper discussed the difficulties of simulation in these fields. And please attribute any errors in this summary to my mistakes. Read the full review here: https://ieeexplore.ieee.org/document/9386154
Page(s):51416 51431
Date of Publication:25 March 2021
Electronic ISSN:2169-3536
Publisher:IEEE
Funding Agency:
Data61 Ph.D. Scholarships;10.13039/501100001793-Queensland University of Technology (QUT) through the Centre for Robotics;CSIROs CERC Postdoctoral Program;
guest author
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CF-18 flies over Island hospitals as part of Operation Inspiration Saanich News – Saanich News
Posted: at 12:33 am
A CF-18 demo jet flies over Nanaimo Regional General Hospital on Sunday, July 18. (Greg Sakaki/News Bulletin)
Snowbirds slated for flyover on Monday, July 19
A fighter jet flew over hospitals on Vancouver Island this afternoon to salute some of the people who fought the pandemic on the front lines.
Operation Inspiration arrived on the Island on Sunday, July 18, with a CF-18 demo jet flying over Nanaimo Regional General Hospital and circling over other areas of Vancouver Island before flying over Royal Jubilee and Victoria General hospitals.
Operation Inspiration will also include a flyover by the CF Snowbirds on Monday, July 19.
Our air demonstration teams are an important face of our Air Force and their role in connecting us to Canadians was clear last year through the success of Operation Inspiration. This year we couldnt think of a better way to continue that momentum than through formally recognizing Operation Inspiration as an enduring mission that will be carried forward by these two teams, said Maj.-Gen. Eric Kenny, commander of the 1 Canadian Air Division, in a press release.
For updates on the Snowbirds schedule, follow them on Facebook and Instagram.
RELATED: Snowbirds returning to the Island for Op Inspiration
RELATED: Aviation a family affair for CF-18 Operation Inspiration demo pilot
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5 robotics and automation stocks to supercharge your portfolio – Rask Media
Posted: at 12:33 am
For many decades now, businesses have been integrating robotics, automation and AI into their systems and processes. Robots, which are essentially programmable machines, offer businesses greater productivity. Machines, unlike humans, can work endlesslydays, nights, weekends and holidays. They are also better suited to repetitive and mundane tasks, which humans can find boring.
But robots also offer answers to demographic questions. Thanks to the global ageing population, labour shortfalls are on the horizon. Countries such as Japan where the robotics industry is among the most developed in the world are already leaning on robotics and automation to plug the gap.
The companies listed below are all found in the ETFS ROBO Global Robotics and Automation ETF (ASX: ROBO).
Materialise NV is a Belgian 3D printing and software company. They specialise in 3D printing of healthcare products but have recently expanded into metal manufacturing. To give examples, for medical printing they can create personalised implants like dental implants, prosthetic limbs or create 3D models of hearts for surgeons. Their 3D printing software is widely regarded as the best in the market and used by many other companies.
Zebra Technologies makes barcode scanners and printers, which help companies track their assets. Zebra has benefitted from e-commerce and the growing use of warehouses, which require vast electronic cataloguing systems in order to automate delivery. Many companies use Zebras barcoding system to make things more efficient. Zebra has also benefited from hospitals using barcode technology to keep track of specific samples and medicines.
Kohyoung Technology is a Korean business that helps factories make better electrical equipment and remove defects. It does this by making computers that can detect soldering defects on circuit boards, a crucial component given that over 70% of defects can be traced back to bad soldering. Kohyoung has marquee customers such as Apple, Samsung and Tesla.
iRobot Corporation came from humble beginnings as an MIT start-up and builds robots that are used at home, as well as by the military and police. Its most famous robot is its vacuum cleaner Roomba, which is used in millions of households worldwide. iRobots military robots are used for bomb disposals and entering environments that are too dangerous for humans.
Hexagon AB is a Swedish business that makes sensors and measuring machines, like level meters and total stations. Its sensors are often used as component parts for robots that require sensors for their navigation systems. It has also been boosted by the logistics and ecommerce sector thanks to the coronavirus. Many robots in warehouses require accurate sensors. Its measuring equipment and software are often used in engineering and construction.
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Giants reportedly interested in one-time All-Star CF Starling Marte – Yardbarker
Posted: at 12:33 am
The Giants are a key team to watch as the Marlins market center fielder Starling Marte in the coming weeks, reports Craig Mish of the Miami Herald. Miami and Marte recently halted extension talks, and Mish now adds that the team balked at guaranteeing the 32-year-old Marte a fourth year on the contract.
Giants center fielders, buoyed by Steven Duggars recent hot streak, are hitting .262/.337/.420 on the season, but Duggars .398 average on balls in play and 31.8% strikeout rate point to some likely regression on the horizon. Left field has actually been a bigger issue, as the Giants have put together a collective .219/.295/.394 batting line from that position. Those struggles have come in large part due to Alex Dickerson, who could stand to lose some playing time in the event of an acquisition of Marte or another outfielder.
Marte, a free agent at seasons end, is earning $12.5M this season and is still owed about $5M of that sum through seasons end ($4.37M from the point of the deadline). Hes hitting .288/.389/.447 with a career-best 11.8% walk rate, seven homers and 19 stolen bases through 245 plate appearances so far in 2021. He missed about five weeks with a fractured rib earlier in the season but has looked healthy and productive since returning at the end of May.
From a payroll vantage point, the Giants neednt have any concerns acquiring Marte or nearly any other player. San Francisco has about $151M on the books for 2021 and only about $158M worth of luxury-tax obligations, leaving them miles from the $210M barrier. This is also an ownership group that has, in the past, given the green light to payrolls in excess of $200M, so theres ample room to take on salary in any deal.
The Giants have a solid farm system, though when were talking about one rental player, a deep stock of minor-league prospects isnt required anyhow. Mish suggests that top outfield prospect Heliot Ramos, in particular, is of interest to the Marlins but thatd be a rather steep price to pay for a Marte rental. The Marlins have some relievers who could pique the Giants interest, though; Giants president of baseball ops Farhan Zaidi is no doubt quite familiar with former Dodgers Yimi Garcia and Dylan Floro from his days in the Los Angeles front office, for instance.
Miami is also deep in young starting pitching. For a Giants club that could see nearly all of its rotation reach free agency this winter Kevin Gausman, Anthony DeSclafani, Alex Wood, Johnny Cueto and Aaron Sanchez are all free agents the Marlins and their impressive crop of young starting pitching seem like a strong trade partner.
Because of the lack of center fielders on the market, the Giants will have plenty of competition for Marte. Hes already been connected to the Yankees, the Phillies and the Astros, and there are several other contenders who could look for help in center field or just the outfield in general. Marte is certainly a capable defender in center, but hed fit nicely in a corner for a team looking to more generally upgrade its lineup. The Padres are reportedly looking into some upgrades in right field. The Mets have been linked to center field help throughout the season, and the White Sox have been hit hard with outfield injuries, too. The Giants are as strong a fit as anyone, but the competition will be significant.
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Top 10 Cloud Robotics Start-ups to Keep An Eye On – Analytics Insight
Posted: at 12:33 am
Cloud robotics is an area of robotics that attempts to entreat cloud technologies such as cloud computing, cloud storage, and other internet technologies. It is not an easy task to run a cloud robotics start-ups. But it is amazing to see the rising number of start-ups specializing in cloud robotics. These start-ups are seen to work on innovative technologies.
Here is the list of 10 cloud robotics start-ups that are working on the innovation of technologies and products.
It was founded in 2016. The company is situated in the United Kingdom. The companys IPU accelerators and popular software together make the fastest and most ductile platform for current and future machine intelligence applications, which lowers the cost of AI in the cloud and datacentre, improves performance and efficiency by between 10x to 100x. Graphcore systems shine at both training and reasoning. The highly collateral computational resources along with graph software tools and libraries enable researchers to explore machine intelligence across a much wider front than current solutions. This technology lets recent success in deep learning evolve rapidly towards useful, general artificial intelligence.
The company was founded in 2016 and is situated in the United Kingdom. Arctoris serves academic research groups and biotech companies, enabling scientists to directly configure a broad range of cancer research experiments online, and collects their results and detailed methods report instantly. It is not only effective for screening but is created for fundamental research, surrounding a wide range of techniques to cover cellular and molecular biology. Arctoris enables researchers and entrepreneurs to create and implement cutting-edge cellular and molecular biology research experiments and offers a complete system to recognize, analyze and visualize research data.
The company was founded in 2017, Switzerland. INVOLI serves in building infrastructure that enables drone revolution, ensuring their safe consolidation into todays aviation world and avoiding collisions with aircraft. It offers an online platform, which collects data from a network of scaled-down control towers gathering maximum information on the position of every flying object in the sky, manually or automatically. Its technology enables everybody to see the air traffic encompassing them and take the most appropriate measures. Thus, what INVOLI brings to the aviation world is intelligent air traffic instruments and automatic collision avoidance tools, allowing low-risk flight plans and avoidance strategies and thus creating a safer, smarter sky for all.
It was founded in March 2017 in, USA. The company offers next-generation security automation technology to assist organizations around the globe to protect their cyber adversaries. Today, the company provides three security & risk automation tools to the public. It continues to find ways to provide free versions of its tools for educational institutions, state & local governments, and non-profits. One such offering is Dorkbot, the web vulnerability scanning service.
It was founded in 2018 in, USA. The company aims at making manufacturing smarter and more efficient. It merges intelligent software with flexible factory robots and machine learning to help the customers deliver the next-generation products
The company offers independent operations at scale for urban and industrial applications with seamless connectivity and cloud intelligence. It uses hyper-realistic visual and physical simulation environments to safely test hardware by recreating real-life scenarios in virtual worlds. It helps in executing custom applications for proprietary use cases.
It was founded in 2018, headquartered in San Francisco. Freedom Robotics integrates development and management tools in its cloud-based robotics management software (RMS) to help in prototype, creating, operating, and scaling robot fleets.
It was founded in 2017, headquartered in Berkeley, Calif.
Covariant is creating AI called the Covariant Brain to make robots smarter. Covariant is competing directly with other cloud robotics start-ups such as Kindred and RightHand Robotics. Its technique is to use a variety of AI methods to train its robots, including reinforcement learning. It merges that with an off-the-shelf robot arm, a suction gripper, and a simple 2D camera system.
This company leverages robots (physically and virtually) for automating specific tasks. It utilizes the power of cloud computing and process automation to create and modify cloud robotic solutions. The company develops software robotics solutions, lean strategies, artificial intelligence (AI), and low-code applications, as well as cloud services. It allows the automation of long workflows and processes that run across multiple systems and organizational extremities.
It is a US-based start-up. It develops connectivity solutions for robot fleets. The company is also involved in prototyping, testing, and applying robotic solutions in unstructured public spaces. It allows the link of an open-source ROS (robotics operating system) that is combined efficiently with the support of existing tools and APIs.
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NYCFC vs. CF Montreal Prediction, Preview, and Odds – 7/21/21 – Winners and Whiners
Posted: at 12:33 am
New York City FC will be trying to snap their two-game losing streak when they face CF Montreal on Wednesday night. New York City is coming off a 2-1 loss to Columbus. CF Montreal is coming off a 5-4 win over FC Cincinnati.
New York City FC is 5-4-1 in its last 10 games against CF Montreal.
New York City Going For Third Consecutive Home Win
New York City didnt fare well on their road trip, losing both games. Despite the losses, they are still in seventh in the Eastern Conference standings and will try to move into sixth place with a win over Montreal, which will give them their third straight home win.
New York is one of the better offensive teams in the league with 20 goals in 12 games. They scored one goal in their last game with seven of their 21 shots on target.
Jess Medina scored the lone goal for New York, giving him a team-leading six goals for the year.
New York has also played well defensively, giving up 15 goals in 12 games. They gave up two goals in their last game and will need to play better if they want to win this game.
Montreal Going For Fourth Consecutive Win
CF Montreal is playing well at the moment and the team comes into this game on a three-game winning streak. They will try to keep the momentum going with a win over New York, which will give them their fourth win in a row and a sweep of the season series.
Montreal has played well offensively, scoring 19 goals in 13 games. They scored five goals in their last game with 10 of their 17 shots on target.
Mason Toye and Ahmed Nabeel tallied a brace for Montreal, while Joaqun Torres added another goal for the team.
Montreal has also done well on the defensive end, giving up 15 goals in 13 games. They gave up four goal in their last game and will need to play much better if they want to get the win.
Side: CF Montreal +650
New York has lost three of their last five games and they havent found the back of the net as easily as they did earlier in the season, scoring seven goals in their last five games. They are facing a very good defensive team that gave up three goals in their previous five games before giving up four goals in their last game, so expect Montreal to bounce back with a better defensive effort and pick up the win.
Total: Under 3
New York is averaging 1.66 goals per game and their average goes up to two goals per game at home. They averaged two goals per game in their last three games against Montreal. With Montreal giving up one goal per game on the road, New York will be held under their average in this game. Montreal is averaging 1.46 goals per game and one goal per game on the road. They averaged one goal per game in their last three games against New York. With New York giving up 1.33 goals per game at home, Montreal wont score enough goals to push the score over the total.
Author Profile Bosun Akinpelu
Bosun is very passionate about sports and he feels bad to get paid for doing this, but we here at Winners and Whiners are glad to have him as a part of the team. As someone who minored in Mathematics, Bosun has a lot of faith in numbers and will make his picks based on stats and not emotions. He has been successfully picking winners for quite some time, so if you want to get paid, then stick with Bosun.
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Stand-Up Paddleboarders Cross the Atlantic for Cystic Fibrosis More than $630000 was raised at the – ourcommunitynow.com
Posted: at 12:33 am
Courtesy of Crossing for Cystic Fibrosis (Facebook)
Accompanied by 50 boats and cheered on by even more well-wishers, 150 stand-up paddleboarders (including a wakeboarder) set out on a long-distance endurance challenge paddle event from Bimini, Bahamas to Florida. The was the charitys fifth crossing and biggest ever as participants stepped onto the ocean aboard stand-up paddleboards (SUP).
Group teams and single paddleboarders traveled to Bimini where they spent a couple of days exploring and participating in beach cleanups, water quality workshops, and other environmental and charitable activities.
The paddlers then left Bimini at midnight and traveled to Lake Worth Beach, Florida (about 80 miles). Depending on each persons agility level, and water and weather conditions, the event can take between 13 and 18 hours.
This years event included Scott Johnson, the first-ever CF warrior and double-lung transplant paddler. Casey Keirnan of Palm Beach Gardens was declared the overall champion.
The 2021 Crossing for Cystic Fibrosis took place on Sunday, June 27. More than $630,000 was raised for Pipers Angels, a nonprofit designed to raise money and awareness for this lung disease. The namesake is Piper Suit, a 13-year-old who was diagnosed with cystic fibrosis at age four.
A chronic disease, CF affects the lungs and digestive system of about 70,000 people worldwide. It can also affect the pancreas. There are nearly 30,000people in the U.S. with CF. Saltwater can sometimes act as a natural healing method, giving some relief to CF patients, which was likely an inspiration point for this type of event.
The Pipers Angels Foundation was created to support and improve the lives of CF families in the community while raising awareness through education, activities, financial support, and funding. They partner with other organizations to provide additional support, financial assistance, and coastal and waterways cleanups as well as offer ocean-based activities for people with CF.
Organization founder, and Pipers dad, Travis Suit told WPTV, "I realized the only way to makes sense of all this was to see it as a gift. I was going to have to work really hard to do that because that was going to have to be what got us through.
Paddle teams and event sponsors included 4Ocean, Celsius Energy Drink, Yacht Sales International, Dune Jewelry, Margaritaville, Blueline Surf, and Paddle Co., Garmin, the Guy Harvey Ocean Foundation, and many more.
Plans will soon be underway for the 2022 event. If youre interested in signing up, stay tuned to CrossingForCysticFibrosis.com for event details. Visit the Crossing for Cystic Fibrosis Instagram page for photos of the event and to donate to Pipers Angels.
Have you everparticipated in a long-distance endurance challenge? Any plans to join the 2022 Crossing for Cystic Fibrosis event? Let us know in the comments.
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Reg CF: The Number of FINRA Regulated Funding Portals Plateaus – Crowdfund Insider
Posted: at 12:33 am
The number of FINRA regulated funding portals has plateaued in the past few months. Periodically Crowdfund Insider reviews the roster of funding portals, a new type of financial entity created by the JOBS Act of 2012. Under the Act, approved platforms may raise capital under Reg CF (Regulation Crowdfunding). In practice, many platforms also raise capital under Reg D as well as Reg A+. Reg D is a securities exemption that only accepts accredited investors. Reg A+ is a highly regulated securities offering where an issuer must submit an offering circular that must be qualified by the Securities and Exchange Commission (SEC) a time-consuming and somewhat expensive process. Under Reg D, an issuer may raise an unlimited amount of money. Under Reg A+, an issuer may raise up to $75 million.
As was previously reported this past March Reg CFs funding cap was raised from $1.07 million to $5 million. Most industry insiders considered the old funding work challenging as seed rounds can frequently be for many millions of dollars. The increased cap makes the exemption far more practical.
Since the Reg CF funding cap increase, Crowdfund Capital Advisors (CCA) reports that the second quarter showed impressive gains over the prior year. CCA states that more issuers, more capital, more jobs, more revenue-generating companies [are] seeking capital, steady valuations, greater investment in certain industries (due to COVID), and average raises increasing as the new $5M cap implemented by the SEC in March went into effect.
CCA reports that the number of million-dollar offerings during Q2 increased by 33% over Q1. Additionally, 14.3% of offerings that exceeded $1 million raised the maximum of $5 million.
So while one quarter does not make a year, issuers are raising more money under the new and improved Reg CF securities exemption.
Last March, around the time the funding cap increase became actionable, CI reported there were 65 FINRA regulated funding portals. Today, that number remains the same with a few new platforms and a few exits for various reasons.
First, SeedInvests name was removed from FINRAs list of funding portals as it is a broker-dealer and does not need to operate as a funding portal. This is similar to what NextSeed and MicroVentures previously decided. A regulated broker-dealer may offer securities under Reg CF so maintaining the status as a funding portal is not really necessary.
Three new funding portals have joined since our report in March.
First, there is Chonky. The domain resolves to FatKat Club. The website describes itself as A place where fans invest in cool projects and get a share of the potential profits. Chonky appears to be a revenue share platform explaining:
Faster returns than equity investment Before you can cash out of an equity investment you need to wait for a liquidity event to occur (acquisition etc.). When you invest in projects, you start making cash if the project starts making sales.
Currently, there are no listed securities offerings.
Next is SV Portal LLC or Spaced Ventures. Based in Florida, yes, this site allows you to own shares of actual space startups. It seems the race to space has a retail element now as Spaced Ventures wants to allow smaller investors the ability to back space-focused firms. Still in Beta, the site is expected to launch soon.
Finally, there is Tycooninvest Portal LLC. This platform is a more traditional platform looking to provide access to capital for early-stage ventures. Currently, there are multiple issuers that are testing the waters on Tycooninvest.
Other changes to the list include Stampede Securities, Inc., or Bumper Collective. It is no longer on the FINRA regulated list but the domain resolves to a Katipult (white label crowdfunding provider) holding page.
SeriesOne LLC joins the suspended list which means they have not paid their FINRA dues nor have they filed the document to withdraw its funding portal designation. Gridshares and Fundpaas have long been former platforms that join this type of regulatory limbo.
Today, there are 16 former funding portals that have either decided to exit the space, operate as broker-dealer, or were strongly encouraged to exit crowdfunding by regulators.
While the Reg CF sector has been dominated by a handful of platforms since 2016, there is still room for new platforms to operate and provide access to capital for early-stage ventures. The key to success for all of these platforms is the ability to not only raise capital issuers need but also show solid returns for investors in these companies. Also, they must turn a profit at some point in the future.
More to follow.
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Reg CF: The Number of FINRA Regulated Funding Portals Plateaus - Crowdfund Insider
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