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GAUSSION RAISES $12M TO REVOLUTIONIZE BATTERY CHARGING

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Autotech Ventures Leads Round with BGF and UCL Technology Fund to Invest 
in First Principles Charging Technology

LONDON, Aug. 12, 2024 /PRNewswire/ — Charging speed remains a significant hurdle to overcome in the mass market adoption of passenger and commercial electric vehicles (EVs). Rapid charging under traditional electrochemistry is inherently unpredictable, often dangerously damaging cells and next-generation technologies such as solid-state electrolytes have repeatedly fallen short of deployment targets.

Gaussion, a University College London (UCL) spinoff, has developed a novel solution that radically enhances battery performance using an external magnetic field during charge and discharge cycles to enable rapid charging by steering ions within existing battery cells. The magnetic field also lowers cell degradation, extending battery life.

Investors see Gaussion technology as truly groundbreaking and are fueling the company’s efforts with a $12M capital raise. The Series A round was led by Autotech Ventures and supported by existing investors BGF and UCL Technology Fund, managed by AlbionVC in collaboration with UCL Business. The infusion of capital will enable Gaussion’s market entry which includes producing and selling its products and potentially licensing its technology for other applications.  

“Gaussion’s approach aims to expand the solution space by introducing a new variable, rather than displacing or replacing existing technologies,” said Alexei Andreev, co-founder and managing director of Autotech Ventures. “They leverage the advancements of current battery cell giants and apply an external magnetic field to enhance the performance of established battery technologies without changing their core components. We see tremendous opportunities in a variety of markets.”

With a global portfolio of patents and patent applications, Gaussion is poised to revolutionize the battery industry, offering a viable and scalable solution to meet the growing demand for more efficient and powerful energy storage systems. This innovation holds promise for a wide range of applications, including transportation electrification, construction equipment, mining operations, residential energy storage, and utility-scale energy storage for load and phase balancing.

“In many applications, we are observing that efforts to rapidly electrify are delayed or blocked due to the cost of raising the ceiling of battery performance,” said Tom Heenan, Gaussion CEO and co-founder.  “Whereas magnetic enhancement could provide step-change improvements across all chemistries, formats and applications, affordably unlocking electrification without compromising on cost or performance.”

Dennis Atkinson, investor at BGF, commented: “Gaussion is an innovative business that has developed a unique solution to one of the most pressing issues in the EV battery space. The strong progress so far, led by an exceptional team, highlights the potential of their technology and we are excited to have Autotech now join the journey.”

David Grimm, Partner UCL Technology Fund said, “Slow charging speed and battery degradation are currently limiting the wide-scale adoption of electric vehicles and the broader energy transition. Dr. Tom Heenan and Dr. Chun Tan, co-founders of Gaussion, have managed to solve this problem by building an innovative solution from their university labs into a scaling company. Gaussion’s commercial application taps into a huge market need and we look forward to continuing to support them on their journey.”

Gaussion’s most recent capital raise comes at a time when vehicle owner sentiment about EVs has reached a tipping point. EV buyers are demanding the same convenience of ICE vehicles, including fast “refueling,” and automakers are desperate for new solutions. The current raise follows a seed raise of £2.85 million led by BGF and UCL Technology Fund (UCLTF) in 2022.

For more information about Gaussion, please visit www.gaussion.com or contact info@gaussion.com.

About Gaussion
Gaussion is the magneto-electrochemistry company. The London-based start-up hosts a bespoke team and research facility devoted to commercializing magnetic enhancement technologies for batteries. See: www.gaussion.com.

About Autotech Ventures
Autotech Ventures is a San Francisco-based venture capital firm with more than $500M under management to date and a mission to solve the world’s ground transport challenges with technology. For more information visit www.autotechvc.com.

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SOURCE Autotech Ventures

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Bloomberg Law Survey Examines AI’s Return on Investment as Attorneys Weigh Risks

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New report explores the business case for legal AI, trust in complex tasks, and client expectations

ARLINGTON, Va., Nov. 10, 2026 /PRNewswire/ — As artificial intelligence becomes more widely used in legal practice, attention is turning to what it delivers. Bloomberg Law’s new 2026 AI in Practice report examines that question alongside attorneys’ concerns about the technology, its reliability, and its implications for their work.

Drawing on responses from more than 1,000 attorneys to Bloomberg Law’s biannual State of Practice survey, the report explores how attorneys use AI tools and whether they trust them for complex tasks.

The survey found that 76% of attorneys are concerned about AI going rogue, while 25% fear their job will be replaced by the technology.

The report also examines the business case for AI, the importance of checking its outputs, and client expectations about its use.

“As AI becomes part of everyday legal work, attorneys need to understand where it adds value and where it requires closer scrutiny,” said Cesca Antonelli, editor-in-chief, Bloomberg Industry Group. “These findings give legal employers a basis for assessing their investment in AI and the questions they need to address with their attorneys and clients.”

Together, the findings offer a look at how attorneys are navigating the practical demands of AI adoption, from evaluating its return on investment to maintaining confidence in the work they deliver.

Download Bloomberg Law’s 2026 AI in Practice report at https://aboutblaw.com/bnmQ.

About Bloomberg Law

Bloomberg Law provides the content and technology legal professionals need to act decisively in a rapidly changing world. Trusted by law firms, corporations, and government agencies, the Bloomberg Law platform combines authoritative news, expert guidance, market intelligence, and advanced research tools to equip legal professionals with the insights they need to deliver guidance with confidence.

Bloomberg Law is part of Bloomberg Industry Group, an affiliate of Bloomberg L.P., a global leader in business and financial information, data, news, and insights.

For more information, visit pro.bloomberglaw.com.

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SOURCE Bloomberg Law

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DQS certifies Samsung Display’s automotive cybersecurity management

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Samsung Display achieves ISO/SAE 21434 certification and an ENX VCS label following independent assessments by DQS.

– Picture is available at AP –

FRANKFURT AM MAIN, Germany and YONGIN, South Korea, Nov. 10, 2026 /PRNewswire/ — DQS has completed independent assessments of Samsung Display’s automotive cybersecurity management, resulting in ISO/SAE 21434 certification and an ENX Vehicle Cyber Security (VCS) label. The achievement provides automotive customers with independent evidence of the company’s processes for managing cybersecurity risks within the assessed scope.

The achievement was recognized at a ceremony at Samsung Display’s headquarters in Yongin, Republic of Korea. Ingo M. Rübenach, CEO of DQS Group, and Alex Chi, Global Transportation Division Head and Managing Director of DQS Korea LLC, attended alongside Yoo Kyung-Jin, Corporate Executive Vice President at Samsung Display.

“The transition to software-defined vehicles changes what automotive manufacturers expect from their suppliers. Cybersecurity has to be part of how an organization develops products, takes decisions and responds to new risks. Through these assessments, Samsung Display has demonstrated a structured approach to these responsibilities. I expect Samsung Display’s technological competitiveness, combined with its proven cybersecurity reliability, to meet the demands of global automakers and further strengthen its competitiveness in the next-generation mobility market,” says Ingo M. Rübenach.

Cybersecurity for automotive applications

Samsung Display is expanding its automotive OLED business. According to the company, it has established a cybersecurity management system for automotive products, with dedicated personnel and processes to monitor and address potential risks.

Yoo Kyung-Jin, Corporate Executive Vice President at Samsung Display, says: “In the era of software-defined vehicles (SDVs), cybersecurity is an important factor underpinning product competitiveness. We will solidify our leadership in the mobility display market by providing OLED products that meet the stringent security standards required by automotive manufacturers and consumers.”

Independent evidence for automotive customers

ISO/SAE 21434 defines engineering requirements for managing cybersecurity risks in the electrical and electronic systems of road vehicles. It addresses the product lifecycle, from development and production through operation, maintenance and decommissioning.

ENX VCS, an assessment scheme developed by the ENX Association, is based on ISO/SAE 21434 and evaluates suppliers’ vehicle cybersecurity management systems. Successful audit results form the basis for an ENX VCS label. Assessment results can be shared with authorized business partners through the ENX Portal, providing a common basis for evaluating suppliers’ cybersecurity management capabilities.

About Samsung Display

Samsung Display Co., Ltd. develops and manufactures OLED and QD-OLED display panels for smartphones, tablets, laptops, monitors, TVs, wearables and vehicles. The company was established in 2012 through the integration of Samsung’s display businesses and is headquartered in Yongin, Korea. It has around 54,000 employees and operates campuses in Korea, Vietnam, India and China.

DQS – Leveraging Quality, Driving Success.

DQS empowers organizations worldwide to build trust, drive innovation, and achieve sustainable growth by certifying the future of business. Founded in 1985, DQS has grown into a global leader in the assessment and certification of management systems, with a team of 3,000 highly qualified auditors delivering over 130,000 audit days per year. Through internationally recognized certifications across 200+ standards, DQS helps businesses manage risks, ensure compliance, and unlock new opportunities in an evolving regulatory and business landscape.

Thinking beyond compliance, DQS is a trusted partner for digitalization, automation, and sustainability leadership. The company’s expertise covers a wide range of areas, spanning from cybersecurity and AI governance to ESG compliance, supply chain management, medical device safety, and future mobility, delivering real value to industries in their pursuit of resilient, sustainable, and intelligent systems. By leveraging advanced auditing methodologies, predictive analytics, and real-time insights, DQS supports organizations to future-proof their operations while demonstrating their commitment to excellence and responsible business practices.

For more information, visit www.dqsglobal.com

Press contact:
Amsal Alihodzic
Director Marketing, Brand & Communications
DQS Holding GmbH
August-Schanz-Straße 21
60433 Frankfurt am Main
Tel.: +49 69 95427-270
E-Mail: amsal.alihodzic@dqs.de

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FirstDigital Expands Redundant Fiber Network to More Utah and Arizona Businesses

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DRAPER, Utah, Nov. 10, 2026 /PRNewswire/ — FirstDigital is connecting more businesses across Utah and Arizona to its fiber network, helping to build greater redundancy into their networks while supporting Wide Area Network (WAN) modernization for increasingly connected operations.

“Connectivity isn’t just an IT concern anymore,” says Alex Jackson, Chief Operating Officer at FirstDigital. “When the network goes down, phones stop ringing, payments stop processing, and employees stop working.”

A redundant fiber network is designed to reduce reliance on a single connection by providing an alternate route if that connection is disrupted. Depending on an organization’s needs and available infrastructure, FirstDigital builds this redundancy into its network with multiple routes to geographically diverse points of presence, so the failure of a single path or device doesn’t take its customers, or its customers’ customers, offline.

Organizations from auto care to banking now rely on FirstDigital to keep their systems running without interruption, with one VP of IT saying the partnership has given him the confidence to vacation beyond cell coverage without worrying if his company’s network is online.

“Our customers are treating resiliency as an operational decision, and we’re building our network to support that,” says Jackson.

Learn more here, or contact our media department to schedule an interview.

About FirstDigital
FirstDigital provides fiber internet, connectivity solutions, and telecommunication services for businesses and multifamily communities, combining enterprise technology with localized customer support and technical expertise. Learn more at FirstDigital.com.

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SOURCE FirstDigital

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