Trump and 2020 Democrats are racing to the Hamptons for fundraisers in hunt for wealthy donors

CNBC | July 23, 2019

It is the summertime and that means President Donald Trump, along with Democrats running to take him on in 2020, are preparing to travel to the wealthy New York region of the Hamptons where they will be hosted by a slew of influential donors. The move by Trump and Democrats to court wealthy donors in this fashionable part of New York shows that the fundraising race is heating up as the presidential election cycle heads toward its second year.

Spotlight

Welcome to the inaugural "The Regalia Report" -- economic insights from Marty Regalia, the Chamber's chief economist and senior vice president for tax and economic policy.

Spotlight

Welcome to the inaugural "The Regalia Report" -- economic insights from Marty Regalia, the Chamber's chief economist and senior vice president for tax and economic policy.

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EMERGING TECHNOLOGY,GOVERNMENT BUSINESS,CYBERSECURITY

Electrosoft Awarded $11.7M GSA Contract to Improve Identity, Credential and Access Management (ICAM) Governance and Solutions

Electrosoft | September 19, 2022

Electrosoft Services, Inc., an award-winning federal IT and professional services firm specializing in cybersecurity, announced today it has been awarded an $11.7 million prime contract from the General Services Administration (GSA) Office of Government-wide Policy (OGP), Identity Assurance and Trusted Access Division (IATAD). The IATAD coordinates the government-wide civilian agency execution of ICAM policies and standards to align with the Federal ICAM (FICAM) Architecture. Electrosoft will support IATAD programs to assure the availability of a consistent and effective set of ICAM policies, standards and governance practices and compliant, interoperable and secure ICAM products and solutions in the marketplace. Under the newly awarded Federal Public Key Infrastructure (FPKI) Subject Matter Expert (SME) Support Services contract, Electrosoft will assist IATAD with development, management and execution of the division's responsibilities from an innovative and strategic perspective, including: FPKI policy and operational governance including support to the FPKI Policy Authority (FPKIPA) and associated working groups; Strategy development for test and evaluation of shared ICAM solutions under the FIPS 201 Evaluation Program, including operating the Physical Access Control Systems (PACS) test laboratory; and Guidance and playbook creation based on the FICAM Architecture and identity management policies, standards and initiatives. "GSA leads the field in delivering government-wide trust services and ICAM solutions that enable agencies to better achieve their mission goals, Under this contract, Electrosoft will leverage more than 16 years of FPKI and ICAM thought leadership to provide the GSA OGP IATAD with support and subject matter expertise to meet their mission objectives." -Dr. Sarbari Gupta, Electrosoft CEO. About Electrosoft: Electrosoft delivers comprehensive technology-based solutions and services that propel mission success for federal government customers. Specializing in cybersecurity, Electrosoft supports civilian and defense organizations in advancing cybersecurity postures, modernizing technology ecosystems and adopting agile approaches to improve operational efficiency and security. Recognized for deep domain knowledge and mature management practices, the company is rated at Maturity Level 3 for CMMI-DEV and CMMI-SVC and is certified under ISO 9001, ISO 20000-1 and ISO 27001. The rapidly growing 8(a), economically disadvantaged, women-owned small business (EDWOSB) and WOSB is headquartered in Reston, Virginia.

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EMERGING TECHNOLOGY

NTT DATA and Cardinality.ai Form Strategic Alliance to Accelerate Digital Modernization for Government

Cardinality.ai | August 25, 2022

NTT DATA, a global digital business and IT services leader, and Cardinality.ai, a data technology company, today announced a strategic alliance to accelerate modernization of government services using secured cloud based platforms to bolster agency and program effectiveness. Through this alliance, the companies will pursue joint opportunities that leverage the expertise of both NTT DATA and Cardinality.ai. MD THINK (Maryland Total Human-services Integrated Network) is a secure, AWS cloud-based technology system that allows multiple state agencies to share data and common services as one platform. The companies successfully contributed to the ground-breaking platform that enables Maryland to implement specific solutions across multiple agencies - MD Department of Human Services, MD Department of Health, MD Department of Juvenile Services, and the MD Health Benefit Exchange, for various programs quickly, having addressed the common, foundational cloud infrastructure, security and technology challenges as part of the platform. This partnership will offer Cardinality PICS (Personalized Integrated Citizen Services) platform, modeled based on MD THINK, enabling government agencies to accelerate modernization, while reducing the risk and cost overrides of these complicated multi-year modernization initiatives, leveraging the experience and expertise from two industry-leading companies. “Citizens need access to critical services, Together NTT DATA and Cardinality can make the interaction between citizens and government seamless. This partnership delivers the key to the digital front door.” -Christopher Merdon, Group President, Public Sector, NTT DATA Services. We’ve partnered with NTT DATA to help governments realize positive outcomes faster, said Thiag Loganathan, CEO, Cardinality.ai. State Health and Human Services leaders are interested in accelerating government innovation and modernization with a secured cloud-based platform that helps reduce risks, improve efficiencies, and drive initiatives to meet agency goals and deliver high quality citizen services. About Cardinality.ai: Cardinality.ai is a data technology company delivering solutions that equip government agencies to achieve better citizen outcomes by eliminating friction and improving the experience of citizens and government workers using Artificial Intelligence (AI) SaaS Solutions. More than 5000 caseworkers across 8 government agencies in 5 states and 10+ nonprofits and healthcare providers are already utilizing Cardinality.ai ready-built AI solutions to modernize their digital engagement with citizens. About NTT DATA: NTT DATA – a part of NTT Group – is a trusted global innovator of IT and business services. We help clients transform through consulting, industry solutions, business process services, IT modernization and managed services. NTT DATA enables clients, as well as society, to move confidently into the digital future. We are committed to our clients' long-term success and combine global reach with local client attention to serve them in over fifty countries. About NTT DATA Services: NTT DATA Services is a recognized leader in IT and business services including cloud, data, and applications. A division of NTT DATA headquartered in Texas, the company leverages consulting and deep industry expertise to help clients accelerate and sustain value throughout their digital journeys.

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GOVERNMENT FINANCE

Canvass AI Accelerates Expansion with Completion of US $14.23 Million Series A Funding

FedDev Ontario | August 10, 2022

Canvass Analytics Inc. ("Canvass AI"), a leader in industrial AI software, today announced the completion of its previously reported Series A financing with an extension of US $7.73 million, led by Yamaha Motors Ventures and a CDN $5.7 million (US $4.43 million) repayable loan from the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). The Series A extension will fuel the company's mission to empower industrial workforces to drive impact across their operations with the power of Industrial AI. "The completion of our Series A endorses our go-to-market strategy and the acceptance of our solution in market. Today, leading industrials and manufacturers are using our patented Canvass AI platform to solve challenges that have plagued their operations for decades. This, in turn, is providing a positive impact to their productivity, profitability, and sustainability goals, This additional financing places us in a solid position to achieve our growth plans and accelerate AI adoption in large and mid-cap industrial companies." -Humera Malik, CEO of Canvass AI. As previously announced, the FedDev loan will enable the company to expand its diverse and inclusive workforce in Ontario as the company accelerates its growth with industrial companies who are rapidly adopting and scaling AI across their operations. "Our government believes that protecting our environment and fighting climate change is not only the right thing to do for the planet but also for our economy. The Government of Canada is proud to support tech companies like Canvass AI in the important work they are doing to reduce the environmental impact of major industries as we move toward net-zero emissions." -Honourable Helena Jaczek, Minister responsible for the Federal Economic Development Agency for Southern Ontario. Canvass AI's laser focus on enabling industrial companies to achieve their performance goals faster with the power of AI is filling a gap in the market that industrial companies have been searching for. We are excited by Canvass AI's strategy to empower industrial engineers as the change makers of Industry 4.0 so that the industrials can extend their competitive advantage, reduce costs, and advance their sustainability initiatives, commented Anish Patel, COO and Managing Director of Yamaha Motor Ventures. Canvass AI's customers span the oil and gas, chemical and petrochemical, metals and mining, and energy sectors, all of which contribute significantly to the global economy and will play key roles in combating climate change. The Canvass AI platform provides industrial engineers with easy-to-use AI solutions to apply and scale across their operations that address their operational challenges, without requiring coding or data science expertise. Today, leading companies use Canvass AI to reduce carbon emissions and waste, improve yields, optimize facility operations, improve asset reliability and integrity, and optimize energy consumption. About Canvass AI: Canvass AI is a leading industrial AI software provider that puts the power of AI in the hands of industrial workforces to solve day-to-day operational problems. Some of the world's largest companies use Canvass AI's patented Industrial AI Platform to reduce carbon emissions and waste, improve yields, and optimize facility operations. Backed by Alphabet and Yamaha Motor Ventures, the Company is recognized by CB Insights as one of the world's top 50 technology companies that is advancing manufacturing. About FedDev Ontario: For 13 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada's most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region.

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