Dr. Patrick Soon-Shiong announced that NantWorks is the name of the company that he has been building through a series of acquisitions over the past few years. Following the sales of two companies Soon-Shiong founded — American Pharmaceutical Partners (sold 2008) and Abraxis BioScience (sold 2010) — he has invested more than $400 million dollars in acquisitions, according to a NantWorks press release.
In February Soon-Shiong acquired GlowCaps maker Vitality for an undisclosed sum thought to be in the low tens of millions. Unclear whether GlowCaps will be a part of NantWorks.
It’s very likely, however, that a number of other Soon-Shiong investments were in companies that are now a part of NantWorks.
According to the NantWorks press release, “the range of technologies in the NantWorks portfolio affects the entire continuum of advanced communications… state of the art semiconductor chips, switches and encryption technologies, augmented reality, novel object and voice recognition technologies, broadband telecommunications services and ultra-low power remote monitoring devices.”
Let’s take those one at a time.
Dr. Patrick Soon-Shiong is a director and owner of Tensorcom, a fabless semiconductor company that is a big proponent of WiGig. Orang Dialameh, an executive at Tensorcom, joined Soon-Shiong on-stage during his keynote presentation at the CTIA event this past March where Dialameh demo’d technology from a different company, Ipplex, where he is CEO and Co-Founder. Ipplex offers a novel object recognition technology and augmented reality offering called LookTel, which in its first iteration uses a phone’s camera to help visually impaired users identify currencies and other objects. Soon-Shiong is also the largest shareholder in KeyOn Communications, which has a subsidiary called CommX that offers broadband telecommunications services. The Ultra-low power remote monitoring devices might include those Soon-Shiong plans to create along with UK-based Toumaz. In July Soon-Shiong announced plans to bring Toumaz’s wireless health sensor to the US in a joint venture with the UK-based company that could see Soon-Shiong investing upwards of $25 million. He had previously invested $2 million in the company.
Tensorcom, Ipplex, KeyOn, Toumaz US and maybe Vitality GlowCaps. Some of the likely constituents of Dr. Patrick Soon-Shiong’s recently named rollup, NantWorks.
More details in the press release below: Keep reading>>