Thrive Capital

Scale AI Raises $1 Billion Series F to Push The Frontier of AI Data

Retrieved on:

Mardi, mai 21, 2024

Technology, Artificial Intelligence, Data Management, Microsoft, Founders Fund, Thrive Capital, OpenAI, AMD, Allen & Company, Spark Capital, Intel Capital, Y Combinator, Engineering, White, WCM, Meta, Tiger Global Management, Wellington Management Company, Accel

Scale AI , the data foundry for AI, today announced it has closed a $1 billion financing transaction, bringing the company to a valuation of nearly $14 billion.

Key Points:

Scale AI , the data foundry for AI, today announced it has closed a $1 billion financing transaction, bringing the company to a valuation of nearly $14 billion.
As AI models evolve, the quality, quantity, and complexity of frontier data—the data needed to drive and ensure performance—increases exponentially.
As the data foundry for AI, Scale powers the data behind the end-to-end AI lifecycle, ensuring model builders and enterprises alike have the data they need to deploy AI confidently.
It requires bringing together the best minds in engineering, operations, and AI,” said Alexandr Wang, CEO and founder of Scale AI.

Crete Professionals Alliance Reimagines Accounting for the 21st Century

Retrieved on:

Jeudi, mai 2, 2024

Other Professional Services, Software, Internet, Finance, Accounting, Professional Services, Technology, Other Technology, Insurance, Partnership, Artificial intelligence, Entrepreneurship, Culture, Record, Partner, Thrive Capital

Crete Professionals Alliance (“Crete PA”), an alliance of accounting and professional services firms, announced today that it has raised strategic capital in a round led by Thrive Capital and Bessemer Venture Partners.

Key Points:

Crete Professionals Alliance (“Crete PA”), an alliance of accounting and professional services firms, announced today that it has raised strategic capital in a round led by Thrive Capital and Bessemer Venture Partners.
With this infusion of capital, Crete PA will be able to accelerate its plans to bring more firms into its alliance, while helping the firms enable and scale technology, including leveraging Artificial Intelligence, to bring accounting into the 21st century.
Crete PA’s partnership model preserves local autonomy and culture while tapping into national platform capabilities and cutting-edge technology solutions.
These value-added back-office services include dedicated recruiting, finance, accounting & business analytics, legal & compliance, insurance & benefits, enhanced technology, and growth operations, and this model has led to alliances with a growing number of accounting firms with multi-decade track records of excellent client service.

Alsym Energy Announces $78M Funding Round Led by Tata Limited and General Catalyst

Retrieved on:

Mercredi, avril 3, 2024

Alsym™ Energy , a developer of next-generation non-flammable rechargeable batteries for stationary storage, marine and mobility applications, announced a $78 million funding round jointly led by Tata Limited (a wholly-owned subsidiary of Tata Sons) and General Catalyst , a global venture capital firm.

Key Points:

Alsym™ Energy , a developer of next-generation non-flammable rechargeable batteries for stationary storage, marine and mobility applications, announced a $78 million funding round jointly led by Tata Limited (a wholly-owned subsidiary of Tata Sons) and General Catalyst , a global venture capital firm.
New York-based Thrive Capital and Toronto-based Thomvest also joined in the round, as well as existing investor Drads Capital .
Alsym will use the funds to grow its Boston-area team and expand its prototyping and pilot lines to address increasing demand for customer samples.
Alsym’s first product for this market, called Alsym Green, offers significantly higher system-level energy density than other non-flammable, non-lithium battery chemistries.

Nourish Raises $35M Series A to Expand Access to Registered Dietitians

Retrieved on:

Mercredi, mars 27, 2024

Nourish , a telenutrition platform that connects people to registered dietitians covered by insurance, announced today that it has raised $35 million in Series A funding.

Key Points:

Nourish , a telenutrition platform that connects people to registered dietitians covered by insurance, announced today that it has raised $35 million in Series A funding.
With $44M in total funding since its founding in 2021, Nourish plans to accelerate development of its digital platform for patients and providers, expand its network of registered dietitians (RDs), and deepen its strategic partnerships with insurance companies.
“Our goal is to create a win-win-win for patients, providers, and payers,” said Sam Perkins, co-founder, President and COO of Nourish.
“Nourish aims to help tens of millions of Americans by providing access to a dietitian and the incredible nutritional education, accountability, and care that they provide.

Trullion Supports Geographic Expansion Welcoming Four New Leaders

Retrieved on:

Mardi, février 13, 2024

The appointments support Trullion’s geographic expansion throughout the US and EMEA (Europe, the Middle East, and Africa), strengthening its executive team with new depths of experience.

Key Points:

The appointments support Trullion’s geographic expansion throughout the US and EMEA (Europe, the Middle East, and Africa), strengthening its executive team with new depths of experience.
Scott Singerman, VP of Alliances, based in Miami, joins Trullion after spending the last five years building and leading the Global Partner Organization at Mixpanel.
“In addition to actively extending our geographic footprint in the US and EMEA regions, we are pleased to hire our first leader in London.
With the help of our growing executive team, Trullion is well-positioned to support our clients, drive growth with our partners and extend our global reach.”

Essential AI Raises $56.5M Series A to Build the Enterprise Brain

Retrieved on:

Mardi, décembre 12, 2023

Essential AI today announced it has raised a $56.5 million Series A funding round led by March Capital including participation from AMD, Franklin Venture Partners, Google, KB Investment, NVIDIA, and Thrive Capital.

Key Points:

Essential AI today announced it has raised a $56.5 million Series A funding round led by March Capital including participation from AMD, Franklin Venture Partners, Google, KB Investment, NVIDIA, and Thrive Capital.
To reinvent how enterprises work, Essential AI is developing full-stack AI products that quickly learn to increase productivity by automating time-consuming and monotonous workflows.
“We are thrilled to invest in Essential AI as it drives innovation at the intersection of enterprise adoption of AI and the emergence of enterprise-grade LLMs,” said Jamie Montgomery, Co-Founder and Managing Partner of March Capital and a board member of Essential AI.
“We look forward to partnering with the Essential AI team and leveraging March Capital’s industry expertise and global network to support Essential AI’s continued growth.”
For more information and open roles, contact [email protected] and [email protected] .

Cedar Announces the Appointment of Krista Anderson-Copperman to the Company's Board of Directors

Retrieved on:

Jeudi, décembre 7, 2023

NEW YORK, Dec. 7, 2023 /PRNewswire/ -- Cedar, an end-to-end healthcare financial engagement platform, today announced that Krista Anderson-Copperman joined its Board of Directors. As a seasoned customer success executive and board director, Anderson-Copperman will provide oversight and counsel to Cedar, supporting their mission to create a more affordable, accessible and patient-centric financial experience in healthcare.

Key Points:

"Krista's leadership in customer success will be a key asset for Cedar" - Florian Otto, CEO and Co-founder, Cedar
Ms. Anderson-Copperman was previously the Chief Customer Officer at Okta.
Prior to joining Okta, she spent 14 years in leadership roles at Salesforce, including Senior Vice President, Customers for Life.
I'm so pleased to welcome Krista to our Board of Directors, and look forward to working with her—and learning from her—as we continue to grow and scale."
Ms. Anderson-Copperman joins Otto and Seth Cohen, President of Cedar, on Cedar's Board of Directors.

YIELDSTREET TO ACQUIRE ONLINE INVESTMENT PLATFORM CADRE, USHERING IN A NEW ERA OF PRIVATE MARKET ALTERNATIVES INVESTING

Retrieved on:

Jeudi, novembre 30, 2023

Thrive Capital, Investment, Real estate, Trust, Growth, Botswana–Harvard AIDS Institute Partnership, Khosla Ventures, Friction, Management, Cadre

NEW YORK, Nov. 30, 2023 /PRNewswire/ -- Yieldstreet, a leading private market investment platform, today announced a definitive agreement to acquire Cadre, an online, real-estate-focused investment platform that serves institutional and high net worth investors.

Key Points:

EXTENDS CATEGORY LEADERSHIP WITH NEARLY $3 BILLION AUM, INSTITUTIONAL DISTRIBUTION CHANNELS AND PLATFORM CAPABILITIES
NEW YORK, Nov. 30, 2023 /PRNewswire/ -- Yieldstreet, a leading private market investment platform, today announced a definitive agreement to acquire Cadre, an online, real-estate-focused investment platform that serves institutional and high net worth investors.
Yieldstreet extends its category leadership and welcomes Cadre's flagship institutional clients, unique investment platform and thousands of high net worth investors.
Yieldstreet and Cadre's constant pursuit of a better, more complete private market investing experience made the firms a natural fit.
Its sophisticated technology and platform streamlines the process of investing in offerings that meet rigorous due diligence standards, enabling private market investment distribution at scale.

Introducing Mojo Fantasy: Sportsbook Meets Fantasy In New App Featuring Daily Contests With Real Cash Prizes

Retrieved on:

Jeudi, septembre 7, 2023

NFL, Cash, UI, 2018 Chinese Super League, Tiger Global Management, Thrive Capital, App Store (iOS/iPadOS), The Chainsmokers, MLB, Ultimate, National Football League Players Association, Sport

NEW YORK, Sept. 7, 2023 /PRNewswire/ -- Mojo, a technology company focusing on best-in-class live sports gaming products, announced today the release of its first daily fantasy offering, Mojo Fantasy. On Mojo Fantasy, contestants compete using the same selection, odds, and liquidity available in Mojo's licensed New Jersey sportsbook, capturing the excitement of its live market in fantasy contests of skill. Today's release brings Mojo to 20 new states and territories for the first time.

Key Points:

On Mojo Fantasy, contestants compete using the same selection, odds, and liquidity available in Mojo's licensed New Jersey sportsbook, capturing the excitement of its live market in fantasy contests of skill.
"Since launching Mojo Sportsbook in New Jersey last fall, the biggest request we've received is to bring our completely differentiated product to new states."
On Mojo Fantasy, customers enter a contest by building a portfolio of at least four player picks from thousands across the NFL and MLB.
Cash Prizes: Beat the crowd by turning the biggest profit to win cash prizes.

Ramp Announces $300 Million in New Funding to Accelerate Expansion in New Categories

Retrieved on:

Mardi, août 22, 2023

Virgin Voyages, Poshmark, Founders Fund, Anduril, American Express, Thrive Capital, Microsoft, Former, CFOS, Radar, Capital, CFO, Software, Security (finance), Management, Video game, Inclined plane

Capital will accelerate product roadmap and hiring as Ramp moves into new categories such as procurement on the back of recent acquisitions and customer wins.

Key Points:

Capital will accelerate product roadmap and hiring as Ramp moves into new categories such as procurement on the back of recent acquisitions and customer wins.
The company will use this capital to further fuel its industry-leading pace of product development and accelerate its expansion into adjacent categories.
Large multinational and public companies such as Anduril, Poshmark, and Virgin Voyages have recently selected Ramp to modernize their spend management.
In the past three months, Ramp has:
Entered the procurement software category with Ramp Plus , a new paid edition of its platform.