Feedzai, the 1st startup launched under the CMU Portugal scope, became the 2nd Unicorn Company born under the partnership

Feedzai is the 4th Portuguese company to obtain the title of Unicorn after raising a $200 million growth investment by KKR, a leading global investment firm and joins Mambu becoming the 2nd Unicorn Company launched under the CMU Portugal Program. Feedzai, is now valued at well above $1 billion which confirms, according to the company, the support and confidence of Sapphire Ventures and Citi Ventures, who in 2017 invested $50 million in the biggest investment ever registered by a startup until the date.

This announcement is even more rewarding to the CMU Portugal Program considering the strong involvement of the company within the partnership:

  • First start-up to be created under the scope of the CMU Portugal Program, by Paulo Marques and Pedro Bizarro, faculty members of the Faculdade de Ciências e Tecnologia da Universidade de Coimbra (FCTUC) and Nuno Sebastião, Engineer at ESA at the time.
  • Large Scale Collaborative Project Promoter, leading the CMU Portugal project CAMELOT, launched in 2020 in a collaboration between groups at Carnegie Mellon University, Instituto Superior Técnico, Faculdade de Ciências da Universidade de Lisboa, Faculdade de Ciências e Tecnologia da Universidade de Coimbra. The project aims to improve the use of ML in terms of cloud resources, anonymized data, efficient data pipeline processing, and development of fair and explainable models.
  • Industrial Affiliated Partner, being committed to actively contribute to the Partnership’s advanced education and research programs, investing in R&D and building a highly skilled workforce dedicated to innovation activities.
  • Visiting Faculty at CMU, Paulo Marques and Pedro Bizarro were both CMU Portugal Visiting Faculty at CMU. Paulo was, in fact, the 1st visiting faculty involved with the CMU Portugal Program to spend one semester at CMU doing research. His experience led to the launch of the Visiting Faculty initiative that has been running since 2007. Paulo has been highly involved with the Program since day one, being the first faculty member from Coimbra to be certified as an adjunct professor at Carnegie Mellon. He was also the first Director of the Master’s in Software Engineering from the Portugal side. Paulo continued his affiliation with the Program throughout the years and is now one of CMU Portugal’s Scientific Directors.

Feedzai is the market leader in fighting financial crime, providing today’s most advanced cloud-based risk management platform using advanced machine learning techniques. This investment comes a week after the company’s recent announcement of the award-winning ethical AI innovation Feedzai Fairband, the world’s most advanced AI fairness framework that allows financial institutions worldwide to make better and fairer decisions while protecting them from financial crime.

Now, with this new round of investment Nuno Sebastião, Co-Founder, Chairman and Feedzai CEO, states on the company’s announcement “we’re ecstatic at the “future-proof” capabilities this new investment will bring our team, products, and cloud platform” adding that “this investment assures the cutting-edge technology we’re known for, along with our expertise in fraud prevention and anti-money laundering, will continue and expand and develop well into the future.”

The success of the company born within the CMU Portugal Program framework and supported by FCT, is a clear acknowledgment of the Program’s outcomes and a proof of the impact that the partnership has in supporting strong and innovative ICT initiatives.

In addition to Feedzai, the Program has three other Portuguese Unicorn companies on its list of Industrial Affiliated Partners, namely Outsystems, Farfetch and Talkdesk. Mambu, a startup also founded under the Program’s scope, was also recently recognized as one of Germany’s Unicorn Companies, where it is based.

The CMU Portugal Program is proud to be part of such an innovation ecosystem, partnering with some of the best companies in the data-driven economy which allow us to keep at the forefront of research and technological development in Information and Communication Technologies (ICT).

Feedzai announcement:
https://feedzai.com/blog/feedzai-raises-200-million-growth-investment-to-boost-cloud-platform/

FCT News article 

 

Joana Mendonça, CMU Portugal Scientific Director, is the new President of the Agência Nacional de Inovação (ANI)

Joana Mendonça, CMU Portugal scientific director and member of the Program’s faculty and research community, was appointed as the new President of the Agência Nacional de Inovação (ANI), the Portuguese Innovation Agency, for the next 3 years. This is the first time the Agency is leaded by a woman.

The CMU Portugal’s Scientific director has an extensive and successful career in Engineering and Public Policy, an expertise that will certainly be an asset for this new position as head of ANI’s Board of Directors. Joana Mendonça is an Associate professor at the Engineering and Management Department (DEG) at Instituto Superior Técnico (IST), co-coordinator of the Master program in Engineering and Management of Innovation and Entrepreneurship (MEGIE) and of the Doctoral program in Engineering and Public Policy.

Throughout the years, Joana Mendonça has participated in the CMU Portugal 2013 ERI E4Value, has been a Ph.D. Advisor of three dual-degree Ph.D. candidates, and published several papers in collaboration with Carnegie Mellon University researchers.

The ANI Board of Directors also includes Eduardo Bacelar, from the Computer Graphics Center of the University of Minho and João Borga, the executive director of Startup Portugal, a public-private think tank in charge of benchmarking government initiatives to support a thriving entrepreneurship community.

The new Board of Directors and governing bodies will begin their duties in May 2021.

Carnegie Mellon Portugal atribui 2,7 milhões a consórcio de Gestão de Resíduos

A Compta, NOVA Information Management School, Instituto Superior Técnico e 3drivers uniram-se para criar uma plataforma inovadora, recorrendo a tecnologia blockchain, que irá permitir às Entidades de Gestão de Resíduos otimizar a sua operação e implementar sistemas Pay As You Throw (PAYT).

O projeto foi um dos 10 selecionados pelo Programa Carnegie Mellon, uma parceria internacional que reúne empresas e universidades portugueses e equipas de investigação da universidade norte-americana, Carnegie Mellon University, com a missão de colocar Portugal na linha da frente da inovação em áreas-chave do campo das Tecnologias de Informação e Comunicação (ICT). O projeto conta com uma linha de financiamento de 2,7 milhões de euros do COMPETE 2020 e da FCT.

Sofia Nunes from Mambu and CMU Portugal Alumni, interviewed in Público Podcast

Sofia Nunes, one of Mambu co-founders and CMU Portugal alumni, was the first guest at “Ao Vivo”, a Podcast from Público Newspaper. The world-class company started as the result of the research project developed by three students of the CMU Portugal Master’s program in Human-Computer Interaction at the Interactive Technologies Institute in Madeira. Now, the company founded in 2009  is the most recent Unicorn Company in Germany with a valuation of over €1.7 billion.

 

More about the Company’s creation and involvement with the CMU Portugal Program  here.

 

Watch the interview (in Portuguese) starting at minute 24 👇

 

Inês Lynce interview in Exame Informática Podcast “Cromo da Semana”

Inês Lynce, who was recently appointed as CMU Portugal National co-director was interviewed by Exame Informática, one of the major Technology Magazines in Portugal, about her nomination to lead the Program, her work and the present and the future of AI.

During this interview she talks about the applications of Artificial Intelligence (AI) in the present and advances that are expected for the future of the area. She refers to the lack of women in Computer Engineering when she started her academic path 20 years ago and that unfortunately, this is still a reality in Portugal. She also points out topics such as the increasing importance of AI in recent years, the impact on society and the meaning of “AI for Social good”.

Watch the full interview below:

Exame Informática link

In the Media: Interview with Nuno Nunes – “90 Segundos de Ciência”

Nuno Nunes, one of the CMU Portugal National Co-directors, President of Interactive Technologies Institute – ITI and Professor at Instituto Superior Técnico was interviewed by 90 Segundos de Ciência about his work in the field of Ecocentric design. This project is developing sensors that make possible to capture the sound of whales in high seas and replicate it on mobile devices. This technology could one day be used to observe whales from land.

The CMU Portugal Co-director hopes to develop an immersive ecological experience that keeps whale watching boats at a distance, to not disturb the animals. “My research focuses on what I now refer to as Ecocentric design, based on the idea that computer technologies have evolved to allow people to have a greater ecological and global awareness of their actions”, he says.

In concrete terms, the team wants to use IoT technology in small devices that allow to capture and observe phenomena that are often not visible. Professor Nunes is currently developing a project with whales at the archipelago of Madeira. In this project, sensors are used to capture the animal sounds under water through hydrophones.

The idea is to develop an immersive interface that allows people on whale watching boats to increase their experience through their mobile devices, listening to the sound of animals and accompanied, in some cases, with images of what’s happening under water.

“This is an example of a technological intervention that allows people to be more aware of the environment when they are in leisure activities, as is the case with whales and cetacean watching”, he reinforces.

With this technology, it will be possible to observe animals from a longer distance, protecting them from the stress caused by the boats used in this activity.

Several field studies have already been carried out in Madeira with the sensors located on the vessel. Soon, Nuno Nunes hopes to be able to place sensors on the animals themselves to increase the impact and scope of this intervention.

That way, it would be possible to observe whales and cetaceans from land, thus increasing the safety distance between man and the marine environment that this technology aims to protect.

Ep. 778 Nuno Jardim Nunes – Investigação desenvolve sensores para criar experiência imersiva de observação de baleias

 

In the Media: Interview with João Paulo Costeira – “90 Segundos de Ciência”

The CMU Portugal faculty member and Professor at Instituto Superior Técnico, João Paulo Costeira, was interviewed by 90 Segundos de Ciência about the Program’s Exploratory project, Feedbot, that is being developed at ISR Lisboa. The project is developing a robotic arm to help people with motor disabilities  eat independently. It was created from a specific need of its Principal Investigator, Manuel Marques, who has cerebral palsy.

The project is building upon the collaboration with Manuela Veloso, from Carnegie Mellon University, with the ISR researchers previous to this project, who initiated a challenge to  build a machine that would make Manuel Marques autonomous in his feeding process so he could feed himself without the help of third parties.

The great advantage of Feedbot is its ability to adapt to user behavior. Through perception algorithms, this arm can identify users’ movement patterns and adapt to those patterns.

In this way, the arm is able to detect an involuntary movement and wait for it to finish before bringing the food to the user’s mouth. This robotic arm can also be used by people with reduced mobility or undergoing treatment who need help to feed themselves.

Manuel Marques and his Master student Alexandre Candeias at Ciência 2019

Manuel Marques and his Master student Alexandre Candeias at Ciência 2019

Ep. 770 João Paulo Costeira – Feedbot, o braço robótico que ajuda a alimentar pessoas com deficiência motora

 

In the Media: Interview with Joana Mendonça – “90 Segundos de Ciência”

The CMU Portugal Scientific Director and Professor at Instituto Superior Técnico Joana Mendonça, was interviewed by 90 Segundos de Ciência about her project on the impact of Additive Manufactiring, also known as 3D  printing, in traditional manufacturing. The project, that is being developed under the CMU Portugal Program, concluded that the development of components used in the aeronautical industry, using additive manufacturing, is still not economically viable.

As part of the CMU Portugal Program, Joana Mendonça was invited to study the impact of Embraer‘s entry into Portugal. Within the scope of this study, one of the aspects under analysis was the adoption of additive manufacturing that allows you to print a three-dimensional object from a digital design that is created on a computer.

This study led to the publication of an article focused on the potential of this technology to change the configuration of parts of supply chains for the aeronautical industry. In the current model, parts are produced in large quantities in the countries of origin and then stored for shipment.

In this paper the research team evaluated the difference between producing the parts on site using 3D printing technology and of ordering the same parts from other locations, keeping it in stock for when it is needed. Both strategies imply different production, transportation and inventory costs.

“What we concluded is that as technology is today, it still doesn’t allow a decentralization of production effective to print the piece every time it is needed,”  says Joana Mendonça.

However, the expectation is that technology may someday evolve to a point where the cost-effectiveness of producing on-site parts is feasible, but this is not yet possible.

Ep. 764 Joana Mendonça – Estudo avalia viabilidade da impressão 3D na produção de peças para a indústria aeronáutica

CMU Portugal Scientific Directors visited Carnegie Mellon to foster research collaborations

A Portuguese delegation visited Carnegie Mellon University on December 12 and 13 for 2 days of networking with peers at CMU to strengthen cooperation initiatives for the third phase of the program. The delegation was composed of five CMU Portugal Scientific Directors from Portuguese Universities including Susana Sargento from the University of Aveiro, João Paulo Cunha from the University of Porto, Luís Caires from the NOVA University of Lisbon, and Rui Maranhão and Joana Mendonça both from Instituto Superior Técnico; and CMU Portugal Executive Director in Portugal, Sílvia Castro and the Head of Education João Fumega.

During the visit, organized by the CMU Portugal coordination office at CMU headed by Megan Flohr, the Portuguese committee had an opportunity to connect with CMU faculty leaders of strategic research areas of the CMU Portugal Program, heads of department and doctoral programs directors and managers of the CMU Portugal dual degree programs.

The visiting delegation had the opportunity to connect with 28 CMU faculty and researchers over the two-day visit. The CMU faculty and researchers represented 8 different departments including BioMedical Engineering, Civil and Environmental Engineering, Computer Science, Electrical and Computer Engineering, Engineering and Public Policy, the Institute for Software Research, Materials Science and Engineering, and the Robotics Institute.

The visit also aimed to provide awareness within the CMU community of the CMU Portugal initiatives that will be in place in early 2020 such as admission to the Dual PhD programs, visiting faculty and master students and future research initiatives.

During the visit a correspondent from LUSA, the Portuguese News Agency, interviewed two of CMU Portugal Scientific Directors for an overview of this visit to CMU. “I was pleased to see that CMU colleagues also consider the program as beneficial to them, and to learn that the students that we have drawn into the program are among the best candidates that they receive,” said Rui Maranhão.

He also added that in the United States, there is a really close connection between the business sector and academic research, which is beginning to happen more often in Portugal “but in a timid way” said Rui Maranhão. “In Portugal there is a long way to go, but it is possible, and the CMU Portugal Program is a good example of this effort that is confirmed by the several companies born from the previous phases of CMU Portugal.”

Susana Sargento, who was also interviewed by LUSA, considers that, “another important goal of this visit was to understand which scientific areas the program should be taken to and in which the upcoming Call for projects should be opened.”

News Article: Notícias ao Minuto

The CMU Portugal Program’s mission for Phase III is to foster industry-science relationships as agents of change with the focus on ICT research for social and economic impact. Initiatives like this last visit to CMU are an important way to promote a close bond between the two sides of the partnership and establish common ICT foundations for the future of the Program.

In the Media: Notícias ao Minuto, DNotícias, Bom dia Europa, Bom Dia Luxemburgo, Bom dia Suiça.