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By Nikki Cabus

Semantix Announces the Acquisition of Elemeno

Read Time 3 Minutes

Semantix, Inc., a leading Latin American end-to-end data platform provider recently announced it has entered into an agreement to acquire Elemeno Inc. (“Elemeno”), a US-based, cloud-managed, machine learning operations (MLOps) platform provider focused on helping businesses leverage the benefits of artificial intelligence.

Elemeno specifically aims to automate the development, deployment, and management of machine learning (ML) software with an easy-to-use interface and, in so doing, accelerate artificial intelligence adoption for businesses and organizations.

Founded in 2021 by Lucas Bonatto Miguel, Elemeno simplifies machine learning development by providing an end-to-end development framework, which includes not only automation but key no-code components for managing features and models, as well as an open software development kit (SDK) for custom use cases. With a fully managed, highly scalable infrastructure and a standard serverless architecture based on Kubernetes, Elemeno aims to allow customers to build ML models with ease and effortlessly resolve challenges that can be addressed through artificial intelligence.

“We announced an important step towards helping more companies to leverage Artificial Intelligence to run efficient businesses,” Miguel wrote in a recent social media post. “Elemeno is now part of the Semantix platform, and we’re just starting!

Just this past year, the Brazilian-based Semantix expanded to the United States. The company merged with Alpha Capital (ASPC), a special purpose acquisition company, or ‘SPAC’ focused on technology in Latin America.

It was the first technology SPAC from Brazil listed in the United States debuting on NASDAQ in August 2022 under STIX.

Semantix is a leading Latin American end-to-end data platform provider. The company now has more than 300 clients with operations in approximately 15 countries.

Semantix expects the acquisition of Elemeno to complement and enhance its flagship proprietary platform, the Semantix Data Platform (SDP), and specifically strengthen SDP’s MLOps suite. Semantix also anticipates that Elemeno’s highly skilled engineering team will increase its innovation and proprietary technology development capacities. The acquisition is as well expected to expand Semantix’s growing presence in the US, which continues to be a major strategic priority.

“Semantix remains committed to growing our proprietary SaaS business and expanding our presence in the US. The acquisition of Elemeno is fully aligned with these goals, with products and technology that are highly complementary to Semantix’s Data Platform,” said Leonardo Santos, CEO of Semantix.

“We look forward to welcoming Elemeno’s team and are excited about what we can achieve together.”

The transaction will be structured as a merger of a Semantix subsidiary with Elemeno, with the surviving company becoming a subsidiary of Semantix. The completion of this transaction is subject to the satisfaction of certain conditions precedent. Semantix and Elemeno will each maintain their business in the ordinary course in an independent manner until the closing date of the transaction.

For more information, visit ir.semantix.ai.

By Nikki Cabus

NextEra completes successful 4-week AI Bootcamp through Mark Cuban Foundation

Read Time 2 Minutes

Just this past weekend, NextEra Energy Resources completed the 4-week AI Bootcamp in collaboration with the Mark Cuban Foundation.

There were only 30 locations across the entire United States chosen for this program and two were approved here in South Florida: one in Miami and one in Palm Beach County. Although a fairly new initiative founded in 2019 by the Mark Cuban Foundation, the program attracted over 600 high school students in 9th – 12th grades.

There were over 20 high school students in attendance for the Palm Beach County program. Florida Power and Light sponsored and hosted the program at no cost to students. The classes were held in the beautiful FPL Manatee Lagoon in West Palm Beach which is an FPL Eco-Discovery Center.

Grace Kurian (pictured above on right) , Executive Director of Information Technology-Nuclear at NextEra Energy Inc, previously stated that “FPL is proud to serve as the host company for Mark Cuban’s AI Boot Camp for students who would otherwise not have exposure to programs in STEM. Our corporate culture is focused on giving back to the communities where we live and work. We are intentional about supporting and building thriving communities for the next generation.”

The program spanned 4 Saturdays from October 22nd to November 12th, but took months of planning, 22 volunteers and over 100+ volunteer hours to make this bootcamp come to life. Volunteers ranged from entry-level developers to the VP of IT and Business Unit CIO at FPL, Michael Fowler.

Normally taught at the collegiate level, students had the opportunity to interact in hands-on workshops about chatbots, AI, Machine learning and Natural Language processing – topics many had never encountered before.

Aimed to increase AI literacy and understanding in students from underserved communities, the high schools students didn’t need any prior experience with computer science, programming, or robotics to apply and attend.

Students completed a final project and made a presentation to the entire class. This not only helped them showcase their newly found technical skills, but the ability to present, communicate and practice public speaking skills.

At the close of the bootcamp, one students gave a thank you card with a kind message to his volunteer instructor: “Thank you for helping me with this bootcamp. I appreciate all your time and efforts into organizing this camp. I really learned a lot these past 4 weeks. Thank you!” 

Semantix Announces the Acquisition of Elemeno
NextEra completes successful 4-week AI Bootcamp through Mark Cuban Foundation