New Portfolio Company: Qualiti
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New Portfolio Company: Fathom
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MOBI - LAUNCH PITCH AT THE PHOCUSWRIGHT CONFERENCE 2023
/Founded 13 years ago, Mobi is a B2B technology company with an agent-facing, collaborative artificial intelligence platform. The company’s solutions work horizontally through the industry, addressing the needs of agents in travel agencies, airlines, hotels, cruise and travel management companies.
The company’s “agent for agents” technology is designed to help agents reduce the time taken to put a trip together, leaving time for the agent to focus on building a relationship with the customer.
Prolacta Starts Drug Development
/Since its founding in 1999, Duarte-based Prolacta Bioscience Inc. has been chiefly focused on supplying human breast milk-based nutritional products for premature and critically ill infants to hospitals and other health care providers.
The business has had its share of ups and downs over the years, including weathering a contamination scare that rocked the industry a decade ago. But now, Prolacta has unveiled a new business line: drug development. The company has spent the past several years researching and developing what it claims is the first drug made from human milk. The drug aims to boost immunity in patients who have undergone stem cell transplants to combat blood cancers.
Last month, Prolacta announced that researchers at nearby City of Hope – also based in Duarte – had dosed the first patient with the drug to initiate a Phase 2a clinical trial. It’s a major step in what will likely be a years-long process costing well over $100 million to bring the drug to the U.S. Food and Drug Administration for approval and eventually to market.
Portable Drone Detection: WhiteFox Defense Technologies Unveils Scorpion 3
/WhiteFox Defense Technologies, a global technology company based in California, has announced the release of Scorpion 3, a lightweight, portable drone detection solution. This announcement comes at a time when regional conflicts, such as those in Ukraine and Israel, have increased the demand for advanced solutions to counter drone threats.
Scorpion 3 is designed to provide efficient and reliable situational awareness in any dynamic environment. It can be coupled with other WhiteFox mitigation solutions to protect personnel, critical infrastructure, and preserve airspace sovereignty. The system is portable and user-friendly, making it a preferred choice for security forces.