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Tag: Cullman

REHAU to spend $50,000,000.00 to expand into new space in Cullman Alabama.

REHAU to spend $50,000,000.00 to expand into new space in Cullman Alabama.

October 1, 2021 Craig Etkin

Cullman, Alabama — According to state and local economic development sources REHAU plans to invest $50,000,000.00 to build out new space in Cullman. The company plans to occupy the new space at 2424 Industrial Dr…

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Blaize, today announced it has raised $106 million from existing investors, including Bess Ventures, Franklin Templeton, DENSO, Mercedes Benz, and Temasek and new investors Rizvi Traverse, Ava Investors and BurTech. “This investment lends further credence to our thesis that edge AI is revolutionizing all industries, and we are supercharging our roadmap to deliver its promise,” said Dinakar Munagala, CEO of Blaize. “Blaize has always focused on solving real customer problems and empowering developers and innovators. Our current and next-generation offerings will deliver value across all AI applications, including computer vision, transformers, and multimodal Generative AI. Our unique, fully programmable approach makes us ready for the unknown. This is ideal in the fast-changing AI applications landscape, de-risking and reducing cost for our customers, scaling from the edge to the data center, with one uniform and complete hardware and software solution.”

Blaize provides full-stack AI-enabled computing solutions across diverse and expanding markets, encompassing automotive, mobility, retail, security, industrial automation, healthcare and others. Blaize’s programmable American-made processor architecture and low-code/no-code software platform solutions enable enterprises to rapidly harness the power of AI at the periphery of the network and in the data center. These solutions deliver real-time insights and decision-making capabilities with speed and efficiency.

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Exowatt, a next-generation renewable energy company, today unveiled a first-of-its-kind modular energy platform designed to power energy-intensive data centers along with a $20 million seed round from a16z, Atomic, and Sam Altman. As the boom in AI technology escalates both the demand and the energy costs for data centers, Exowatt’s solution arrives at a critical time. Exowatt’s flagship product, the Exowatt P3, represents a significant innovation in energy technology. It consists of a modular, 3-in-1 system, a heat collector, a heat battery, and a heat engine capable of providing dispatchable power and heat throughout the day. Unlike traditional solar panels that convert sunlight into electricity directly, Exowatt uses a unique approach by storing solar energy in a thermal battery, which can retain this energy for up to 24 hours per day. The Exowatt P3 modules are designed to fit the space of a standard 40-foot shipping container. They can be deployed on small and large commercial and industrial projects, linearly scaling with workload size and infrastructure requirements.

Exowatt is a next generation renewable energy company providing commercial and industrial customers with modular energy solutions tailored for energy-intensive applications like data centers. Founded in 2023 by Hannan Parvizian and Atomic CEO Jack Abraham, Exowatt’s mission is to make sustainable renewable energy always available and almost free. Exowatt is backed by a16z, Atomic, and Sam Altman. Exowatt is headquartered in Miami, Florida.

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BOK Financial plans to invest $1,450,260.00 on the interior renovation of 9,163 square feet of office space in San Antonio. The project designed by Inventure is located north of downtown San Antonio at 755 E Mulberry Suite 500. The office building known as McCombs Plaza will house offices of the Bank of Texas which operates under the umbrella of Tulsa, Oklahoma-based BOK Financial. While it previously only held mortgage offices in San Antonio and Austin, the bank is ramping up to a full banking suite including commercial, wealth and treasury management at an upcoming retail location, which will be announced in the coming months. Bank of Texas announced in June 2023 that local leadership would include Division President Parker Hensley and San Antonio Market Chairman Mark Johnson. “We think this is the perfect time to grow the Bank of Texas footprint,” Johnson said in a statement. "We are poised for growth and think we have the right team, in the right place, to bring a style of financial services we think the San Antonio community will appreciate.”

BOK Financial Corporation is a $47 billion regional financial services company headquartered in Tulsa, Oklahoma with $92 billion in assets under management and administration. The companys stock is publicly traded on NASDAQ under the Global Select market listings (BOKF). BOK Financial Corporations holdings include BOKF, NA; BOK Financial Securities, Inc., BOK Financial Private Wealth, Inc., and BOK Financial Insurance, Inc. BOKF, NA operates TransFund, Cavanal Hill Investment Management, and BOK Financial Asset Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas; and BOK Financial in Arizona, Arkansas, Colorado, Kansas, and Missouri; as well as having limited purpose offices in Nebraska, Milwaukee, and Connecticut. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage trading, investment, trust and insurance services, mortgage origination and servicing, and an electronic funds transfer network.

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