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Recently funded Cake addresses that concern with the launch of its open-source AI infrastructure platform enabling all businesses to deploy the latest technologies cost-effectively. A seasoned entrepreneur and software engineer, he founded McCoy Medical Technologies in 2016 which was acquired two years later.
This critical investment will enable Apptronik to ramp up the production of its groundbreaking humanoid robot, Apollo, and accelerate the development of next-generation robots tailored for a wide range of industries. Founded in 2016, Apptronik has rapidly gained recognition as a leader in humanoid robotics.
The funding was led by Prosperity7 Ventures, a growth fund associated with Aramco Ventures, and included additional investment from SoftBank Ventures Asia. Sunrate offers a smart global payment and treasury management platform, enabling businesses to streamline their B2B payments and financial operations.
STATE COLLEGE, PA – Fourteen companies located in central and northern PA recently received an investment from Ben Franklin Technology Partners that will allow them to further develop and commercialize new products, processes, or software applications. We Invest in Innovation. We Invest in Innovation. Visit [link].
Register Established in 2016 and headquartered in New York, SoGal Ventures is a venture capital firm dedicated to early-stage investments in diverse founding teams, operating in both the United States and Asia. Background Pocket Sun’s journey in the investment industry has shaped her into the leader she is today.
Some of its well-known investments include South African car subscription company, FlexClub; Kenyan on-demand logistics company, Sendy; and Nigerian fintech company, Lidya. However , in 2016, Savannah transitioned into venture capital investing, focusing on seed and Series A stages within $25,000 to $500,000 checks.
Notably, Speak is the third startup in which OpenAI, the AI lab closely aligned with Microsoft, has publicly invested through its fund — the others being Descript and Mem. Speak was founded in 2016 by Connor Zwick and Andrew Hsu, both of whom had an acute interest in AI from an early age. ” Zwick added.
Africa’s fintech space has gained proper attention over the past few years in investments but it is not news that startups still battle with offering high-quality products. Today, the company is announcing that it has closed $10 million in Series A investment. Appzone is a fintech software provider.
Wellth graduated from Dreamit’s Healthtech program in 2016. DaVita Venture Group’s investment in Wellth continues our commitment to caring for the whole health of our kidney disease patients, who must navigate complex care plans” said Steve Phillips, vice president of DaVita Venture Group.
And last but not least, InvestNext launched in 2016, a Detroit-based fintech startup whose mission is to transform the process in which investment firms raise and manage capital. Their software platform enablesinvestment firms to operate more effectively and provide greater transparency to their investors.
There’s an urgent need for a global air traffic management solution to enable safe and efficient drone and urban air mobility (UAM) operations, and Terra Drone aims to be the leading player building the digital infrastructure in the sky.” . million Series A in February 2021. . and Southeast Asia.
The funding was led by Real Tech Holdings, a prominent Japanese Venture Capital firm, with the participation of corporate investors, including Mitsubishi Electric, Seeds Capital, Wavemaker Partners, New Keynes Investments, and the State Government of Victoria in Australia. Hydroleap was founded in 2016 by Mohammad Sherafatmand, a Ph.D.
For Schwarz customers, with their continued investment in their digital product range, the ability to secure suppliers, consumers and businesses is a key enabler in delivering on the promise of digital transformation,” Erez said. XM Cyber was founded in 2016 and raised $49 million, according to Crunchbase data.
Register Committed to accelerate the digital transformation of the world’s fourth largest population, Privy has partnered with KKR , a leading global investment firm. Privy, a digital trust provider, said new investments will further strengthen its position as the leading digital signature and digital identity provider in Indonesia.
The investment round was led by SBI Ven Capital, with participation from Kyobo Securities, NTUitive, Trihill Capital, East Ventures and PT Tap Applied Agri Services. The investment will help to address the increasing need for cold chain infrastructure in Indonesia as e-commerce and online groceries become more widely adopted by consumers.
The number of low-income students attending college is increasing: According to a 2016 report from the Pew Research Center , the total share of undergraduate college students who come from low-income families increased from 12% in 1996 to 20% in 2016. This enables candidates to show up as their best selves.
Terra Drone said today it has raised $14 million in Series C funding from Wa’ed Ventures , the venture capital arm of Saudi Aramco , marking the VC firm’s first investment in Asia. It declined to comment on its post-money valuation.
With Boulevard Capital, we developed a unique offering based on our deep understanding of the industry, making funding more equitable and accessible to self-care business owners from diverse backgrounds so they can invest in their continued growth.”
Scale AI was founded in 2016 by Alexandr Wang and Lucy Guo who since left to launch Passes. The funding enables the company to move into the next phase of accelerating the abundance of frontier data. They were joined by Cisco Investments, DFJ Growth, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Amazon, Elad Gil, and Meta.
million seed investment. . During his time at Accra in 2016, he met Quao, a trained pharmacist in Ghana at a hackathon whereupon talking found out that their interests in medical testing overlapped. Redbird enables pharmacies in Ghana to add rapid diagnostic testing for 10 different health conditions to their pharmacy services.
Funding Will Allow UBERDOC to Scale Its Service, Enabling More Patients to Gain Rapid Access to Specialty Providers PLEASANTON, Calif. About Bioverge Bioverge is an investment platform specializing in innovative healthcare startups. To get breaking news, follow the company on LinkedIn , Facebook and @charmhealth. Learn more at [link].
Lara Lemann and Monica Saggioro of Sao Paulo–based MAYA Capital take a regional approach to investing, and their strategy is paying off. Two of those investments became unicorns — food tech company NotCo and e-commerce aggregator Merama. Most of our capital came from re-ups from our current investors,” Saggioro added.
The new investment will help the startup to accelerate its overseas expansion across the world with a focus on the United States, the country with the highest percentage of educators using one-to-one computing (1:1) computing. This latest round sees Vivi reach $24.3 in total capital over five years, after it raised $4.3
These two instincts collided for me on 20 April, 2016, when my wife delivered a clever knock-knock joke to inform me that I would soon be a dad. Facing a cash crunch, we proceeded with raising another round of investment. and can get my most important work done first, enabling me to be free by late afternoon.
Launched in 2016, the startup works with a network of agents, who recruit farmers and retailers to its platform. That could be new crops that enable customers to earn more money,” said Pollak, who co-founded Apollo with Benjamin Njenga and Earl St Sauver. The agritech is scouting for growth opportunities in East and West Africa. “We
To solve the problems of traditional electronic media, a startup in Boston, Catalog , was founded in 2016 by MIT scientists including co-founder and CEO Hyunjun Park, developing an energy efficient, cost competitive, and more secure data storage and computation platform by using synthetic DNA.
Investment allows company to develop new medical devices critical to cutting-edge surgeries and medical diagnostics. million Series A Preferred investment in Access Optics, a Broken Arrow-based global manufacturing leader of micro-scale surgical imaging products. OCTOBER 26, 2021. T: (918) 625-3160. william@olsfventures.com.
Yet, since late 2016, he has also worn the hat of chairman of the Maharashtra State Khadi and Village Industries Board (MSKIB) , a position that lets him serve as an agent and driver of social and economic change for rural communities throughout his home state in India. Maximize your impact by investing your time wisely.
As part of the investment, Jay Crone, investment director at Telus, joined Full Harvest’s board of directors. We profiled the company at the beginning of its journey in 2016 and then again in 2017 when it raised $2 million. million for its marketplace enabling customers to buy food right before it goes to waste.
Since its $30 million Series B in 2016 , Clarifai has been rolling out new capabilities and products targeting a company’s unstructured image, video, text and audio data files. The Series C funding enables Clarifai to scale its global team of 100 employees with plans to double that by next year.
with co-investment from OSF Ventures, Sony Innovation Fund, and Dreampact Ventures. The company was also a member of the 2016 Dreamit Ventures accelerator program and recently took first place at the 7th Annual Insight Product Development 2019 HealthTECH Startup Competition. . – September 3, 2020 – PhotoniCare, Inc.,
Female-founded venture firms have shown strong support for female-founded startups accounting for 28% of their deal counts from 2016 to October 2021 in startups with at least one female founder. Investments are made in high-growth companies with women leaders, following their successful completion of the firm’s Expert Sift process.
Jessica Kim , chief executive officer of ianacare , understands these statistics deeply as she made the difficult choice to leave her job in 2016 to care for her mom full time, as do nearly a third of working caregivers. Kim co-founded ianacare in 2018 after spending more than seven years caring for her mom during a cancer battle. .
According to Crunchbase, firms have invested more than $1 billion in legal tech companies, an uptick from the $512 million invested last year. VCs continue to bet big on legal tech. “I founded LexCheck to increase revenue by simplifying and accelerating commercial contracting processes across an entire organization.”
By 2016, Shanbhag says that hundreds of schools were using Namecoach’s software and services. But Shanbhag tells me that early on, he sought to differentiate Namecoach by investing heavily in AI and integrations. Shanbhag started dabbling in programming while working on his Ph.D. in philosophy at Stanford.
Launched in 2017 by Shashank Bijapur, Madhav Bhagat and Rohith Salim, the company today closed a $26 million Series A funding round led by Premji Invest, which also had participation from Prosus Ventures, 021 Capital, Arkam Ventures, Riverwalk Fund and 100x Entrepreneur Fund. SpotDraft’s management dashboard.
At Versatile VC, we particularly like investing in “dual-PhD” problems, at the intersection of multiple domains. Next36 focuses on supporting students and recent grads launching their startups, while Next AI supports AI-enabled ventures looking to disrupt industries. . Creator Fund is a European firm “investing in Ph.D.,
Taing founded Bokksu in 2015 and launched a Japanese snack subscription service in 2016. The fresh capital will also enable Bokksu to accelerate its primary business lines: subscription, market and grocery. The online grocery space has been growing and drawing major investments for the past few years. Canada, the U.K,
Flip is Insight Partners’ first investment in Indonesia. . Flip, which intends to be the most customer-centric financial technology company in the world, enables users to do fair financial transactions from anywhere to anyone. Indonesian savings and investment app Pluang gets $20M in pre-Series B funding.
According to a 2016 survey commissioned by CyberArk, 40% of organizations store admin passwords in a Word document. “Third-party apps [are] able to work on encrypted ‘Vaultree’d’ data as if it’s decrypted, enabling unlimited, easy collaboration,” Lasmaili said. ” Vaultree raises $12.8M
Sesie Bonsi is the founder and CEO of Bleu , a financial technology platform focused on enabling touchless payment experiences. As a Black fintech founder, I believe that venture investors are making safe bets and investing in late-stage founders instead of early or even pre-seed stages. Sesie Bonsi. Contributor. Share on Twitter.
But with an edge computing setup, the data can be processed on-site, eliminating cloud computing costs and enabling processing at greater speeds and volumes (in theory). ” Ouissal co-founded Zededa in 2016 alongside Erik Nordmark, Roman Shaposhnik and Vijay Tapaskar.
This essay is part of a series on alternative VC: I: Revenue-Based Investing: a new option for founders who care about control. II: Who are the major Revenue-Based Investing VCs? III: Why are Revenue-Based VCs investing in so many women and underrepresented founders? IV: Should your new VC fund use Revenue-Based Investing?
In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay , a platform that attempts to automate the software purchasing process for companies. billion was invested into corporate spend management companies in 2021. billion valuation. This year, $1.6
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