?? State Farm Ventures? Invests in Entropica Labs to Drive Innovation in Quantum Computing ?? We are thrilled to announce that State Farm Ventures has invested in Entropica Labs, extending our Series A round to US$5.5 million! This investment marks a new chapter in our collaboration to accelerate the adoption of quantum computing. At Entropica Labs, we focus on unlocking the full potential of quantum computing through Fault-Tolerant Quantum Error Correction. With this additional support, we’re excited to push our research and product development even further, building the logical design software essential for the next generation of quantum computers. As Tommaso Demarie, our CEO, shared: "We are very pleased to welcome State Farm Ventures as an investor. Being supported by the venture arm of a Fortune 50 company like State Farm is a significant recognition of our capabilities. We look forward to collaborating with State Farm’s Innovation Team to apply our software tools to real-world insurance use cases, driving mutual growth and innovation." Mike Remmes, Vice President of State Farm Ventures, added: "We see immense potential in quantum computing to drive innovation across multiple sectors. Our investment in Entropica Labs represents our commitment to embracing technologies that can enhance various industries and deliver greater value." We are proud to be at the forefront of quantum computing innovation and look forward to the exciting developments ahead. Thank you, State Farm Ventures, for your confidence in our mission! For more information, visit https://lnkd.in/d2A75B9G #QuantumComputing #Innovation #QuantumErrorCorrection #StateFarmVentures #EntropicaLabs #TechNews
State Farm Ventures
保险业
Bloomington,Illinois 1,997 位关注者
Investing in Mobility/Transportation, Residential IoT, InsurTech/Fintech, Computer Vision/AI, Blockchain, Senior Living
关于我们
State Farm Ventures? was created to help State Farm accelerate its innovation efforts to Go Beyond Possible?. We empower innovative companies to create a future that benefits us all. Our goal is to find better ways to meet State Farm? customers’ needs. With over 83 million policies and accounts, we serve an incredibly diverse base. We know collaboration leads to innovation, so we invest in companies that disrupt conventional modes of operation to help each of us live smarter and safer lives. Investing in Mobility & Transportation | Residential IoT | InsurTech/Fintech | Computer Vision/AI | Blockchain | Senior Living
- 网站
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https://ventures.statefarm.com/
State Farm Ventures的外部链接
- 所属行业
- 保险业
- 规模
- 2-10 人
- 总部
- Bloomington,Illinois
- 创立
- 2018
- 领域
- Insurance and Financial Services
动态
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Over the next several months, we will be highlighting the work being done by some of our portfolio companies – specifically focusing on each company’s founder. We’ll kick things off today with a feature on Brad Weisberg, the founder & CEO of Snapsheet.? https://lnkd.in/gPRVFkH9
Ventures Office – State Farm?
ventures.statefarm.com
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Calling all early-stage startups:? ? There is less than a month to apply for the State Farm Startup Pitch Competition, happening at ITC Vegas October 15, 3-5pm. Apply by August 5th for your chance to showcase your innovative solutions.? State Farm representative, Marcus Rohlfs, shares his thoughts on the fan-favorite Startup Pitch Competition which takes place exclusively?at ITC Vegas, and why YOU need to be there.? Apply today to get noticed, gain funding, and attract your next partners.? Apply by August 5: https://ow.ly/kaLa50SyIAb #ITCVegas #insurtech #insurance #insuranceinnovation #becauseofITC?
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How might technology help enterprises navigate the exponential growth of data? As we continue to adapt in the digital age, we’re constantly looking for ways to improve our data security, governance, and enablement. Generative AI data fabric is one emerging technology we’re exploring. This technology enables enterprises to centralize, manage, and discover their data more simply and securely. This innovation could enable employees to access key insights and business intelligence more efficiently, increasing knowledge and productivity at scale. Whether it's finding new ways to securely manage data or ideating new ways to increase value for customers, State Farm is on a mission to explore, develop, and engage in innovative solutions now and for the future. Reach out to ventures.statefarm.com or visit State Farm Ventures to learn more about opportunities to collaborate and innovate.
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Attention Startups!
Calling all early-stage startups! Applications are now OPEN for the 2024 State Farm Startup Pitch Competition at #ITCVegas ? ? The fan-favorite pitch competition?highlights groundbreaking innovation in #insurtech, where ten top startup finalists will deliver their perfect pitch LIVE at ITC Vegas to a standing room only audience. ? ? The winner will be selected via audience vote to present on the celebrated ITC Vegas?Main Stage (home to legendary keynotes like Gary Vee) in 2024 AND receive a complimentary kiosk at ITC Vegas 2025.? ? Apply by Monday, August 5 for your chance to spotlight your startup to potential investors, partners, and #insurance industry leaders?at the top global companies who attend ITC Vegas.? ?? ?? Learn more about the competition and eligibility and apply here: https://ow.ly/pje750RSGFI ??Register for ITC Vegas to watch the top startups in action LIVE at ITC Vegas: https://ow.ly/4iFG50RSGIQ ? And, don’t just take our word for it – Cody Eddings, CEO + Co-Founder of SnapRefund, talks about his experience winning in 2023 at the video below! ??? ? #ITCVegas #insurtech #insurance #insuranceinnovation #becauseofITC State Farm, Marcus Rohlfs, Cody Eddings, Anis Taylor, SnapRefund, Bianca Dux, Nicole Peck, Rocio Sarriegui Zulueta, Bill Harris, Josh Grossman?
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How do you use technology in innovative ways to help combat wildfires? As we continue to help customers proactively mitigate residential risks, we're also looking to the future of wildfire detection with advanced sensors. Digital smell for early wildfire detection is one emerging technology that the State Farm Ventures team is exploring. With this technology, sensor networks process and distinguish wildfire odor signatures in microscopic amounts. This could enable first responders to recognize wildfires before visible smoke or fire and minimize the risk to people, property, and the environment. As National Wildfire Awareness Month comes to a close, we continue to find new ways to help prevent loss, ideate new ways to increase value for customers, and explore, develop, and engage in innovative solutions now and for the future. #NationalWildfireAwarenessMonth Visit https://lnkd.in/ghStKBBS to learn more about opportunities to innovate and collaborate.
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What does skill advancement look like in the age of AI? As we continue to empower associate knowledge building through a variety of programs, we’re also looking to the future of learning with AI. AI-Powered Learning Experience Platforms (AI-LXP) is one emerging technology we’re exploring. With this technology, algorithms ingest training data from chosen sources to enhance learning and development experiences. This could enable talent to efficiently onboard and learn or update skills, capabilities, methods, and roles on-demand and at their own pace. Whether it's adopting new ways to learn with AI or ideating new ways to increase value for customers, we are on a mission to explore, develop, and engage in innovative solutions now and for the future. Reach out to us at ventures.statefarm.com or visit us at State Farm Ventures to learn more about opportunities to collaborate and innovate with us.
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State Farm? Innovation Group has established a strong presence in Silicon Valley with the State Farm Silicon Valley Office (SVO) since 2014. Celebrating its 10 year anniversary, the SVO has elevated the reputation of State Farm in insurance innovation, partnerships, investments, and employment. Initially starting small, the SVO now houses teams focused on scouting IT solutions and identifying forward-looking opportunities. Located in the heart of Silicon Valley, the office has easy access to cutting-edge technologies and potential investments. By identifying market signals, such as funded solution types and emerging companies, the SVO gives State Farm a competitive edge through early access to technology and key relationships with innovative companies. The SVO teams are currently exploring trends in various fields, including aerial data, AI, blockchain, connected home and IoT, insurance technology, mobility and safety, quantum computing, telematics, and virtual and augmented reality. Congratulations to the @StateFarm SVO for ten years of technology and innovation at the forefront! Learn more about innovation at State Farm.? https://lnkd.in/gpAvY-Zb
Innovation
statefarm.com
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As part of our longstanding commitment to fostering safer homes and communities, Ting is offering eligible customers more than two million smart sensors for free as part of an expansion of the Ting fire safety program. https://lnkd.in/gX2Hvbcu
State Farm? expands Ting fire safety program to 2 million homes
newsroom.statefarm.com
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We are recognizing Women’s History Month throughout the month of March. One way we highlight the importance of women in technology is through the Tech Astra? program! Tech Astra? is propelling girls to academic excellence and creating new possibilities with a mastery in science, technology, engineering and math. Tech Astra? has ongoing events and programs throughout the year, both in person and virtual. Discover what’s possible. Check out our activities page for more information: https://lnkd.in/g4FCPh9M Interested in a career at State Farm? Check out our hiring page today.
Activities – State Farm Tech Astra?