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Kony initially raised a tranche of $13.4 million from Insight, which it says will enable it to expand its research and development related to its mobile application platform, which serves millions of users worldwide.
The company said Thursday it would expand its research and development and capital investment budgets this year.
Caterpillar, for example, is opening a new factory in Texas to make excavators, but has also just announced that it will expand its research and development activities in China.According to a survey conducted by Harvard Business School last year, many firms are still deciding against basing activities in America.
Innoviz said it also plans to expand its research and development efforts by investing in the buildout of next-generation products and software that will feature more cost reductions and improved performance.
Acreage Holdings, a main player in the increasingly white-collar marijuana trade, will expand its research initiatives among universities as it seeks to "demystify" cannabis, chief executive Kevin Murphy told The Post.
Initially dubbed the 'Stripe of Turkey', in reference to the widely popular San Francisco-based payments company that it counts as a potential competitor, Iyzico says it will use the new capital to expand its research and development team, and "scale its payment technology globally".
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The acquisition is the latest in a string of overseas deals by the Indian company as it expands its research and development capabilities.
Google today announced that it is expanding its research around quantum computing and that it has hired UC Santa Barbara's (UCSB) John Martinis and his team — one of the most prolific research groups in this area — to work on new quantum processors based on superconducting electronics.
It has greatly expanded its research and development abilities, leading to new products, processes, customers and market opportunities.
Reno, Nev.-based Altair Nanotechnologies is up nearly eight-fold on the year, and announced last week that it would be expanding its research and development thanks to the exercise of $6.1 million in warrants by existing shareholders.
Through critically scrutiny of the productivity of the way the program has been organized, it has been able to improve itself by diversifying and expanding its research strategies.
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