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AI Squared Acquires Multiwoven to Accelerate Delivery of Data and AI Insights into Business Applications

Retrieved on:

Giovedì, Maggio 9, 2024

Blog, AI, Security agency, NEA, SVP, Acquisition, Movement, Marketing, Advertising, Databricks, Organization, Growth, Sales

WASHINGTON, May 9, 2024 /PRNewswire/ -- AI Squared, a leading technology provider for integrating information into web-based business applications, announces its acquisition of the world's number one open-source Reverse ETL (rETL) company, Multiwoven. With this acquisition, AI Squared furthers its commitment to helping organizations simplify the movement of data and AI insights into business applications.

Key Points:

With this acquisition, AI Squared furthers its commitment to helping organizations simplify the movement of data and AI insights into business applications.
AI Squared will be incorporating Multiwoven's rETL capabilities into its existing enterprise offering to help organizations more efficiently integrate robust data and AI insights into business applications.
The Multiwoven team brings exciting innovations around data activation and data integration to the forefront at AI Squared.
To learn more about the advancements that the Multiwoven acquisition is enabling at AI Squared, read the announcement blog or visit AI Squared's website .

Zenas BioPharma Announces Upsized $200 Million Series C Financing to Advance Mid- and Late-Stage Immunology-Focused Clinical Development Programs

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Martedì, Maggio 7, 2024

Inflammation, NEA, Science, CD19, Patient, Pivotal, Coombs test, B cell, Wellington Management Company, Health, Norwest Venture Partners, I&I, Sclerosis, Multiple sclerosis, Pharmaceutical industry

WALTHAM, Mass., May 07, 2024 (GLOBE NEWSWIRE) -- Zenas BioPharma, a global biopharmaceutical company committed to becoming a leader in the development and commercialization of inflammation and immunology-directed therapies, today announced the closing of an upsized $200 million Series C preferred stock financing. The financing round was led by SR One along with NEA, Norwest Venture Partners, and Delos Capital with significant participation from Enavate Sciences and Longitude Capital. Additional new investors, the Federated Hermes Kaufmann Funds, and Arrowmark Partners, along with existing investors, Fairmount, Wellington Management, Rock Springs Capital, Pivotal bioVenture Partners, Vivo Capital, Quan Venture Fund, and Superstring Capital participated in the financing. In conjunction with the financing, Jake Nunn, venture partner at SR One, and Tim Xiao, Partner at Delos Capital, joined Zenas’ Board of Directors.

Key Points:

The financing round was led by SR One along with NEA, Norwest Venture Partners, and Delos Capital with significant participation from Enavate Sciences and Longitude Capital.
In conjunction with the financing, Jake Nunn, venture partner at SR One, and Tim Xiao, Partner at Delos Capital, joined Zenas’ Board of Directors.
“Their commitment to Zenas is a testament to our vision to be a global leader in bringing innovative immunology-based therapies to patients around the world.
“At SR One, we invest in companies like Zenas whose science has the potential to rewrite the medical textbooks and meaningfully transform patient care.

In-House Health Raises $4 Million Seed Round, Unveils AI-Powered Scheduling Platform to Combat Nurse Shortage Crisis

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Mercoledì, Maggio 8, 2024

Today, In-House Health is announcing the formal launch of its AI-driven scheduling and management platform for modern nursing teams.

Key Points:

Today, In-House Health is announcing the formal launch of its AI-driven scheduling and management platform for modern nursing teams.
View the full release here: https://www.businesswire.com/news/home/20240508413979/en/
In-House’s nursing team platform uses AI to predict staffing requirements for future shifts.
In-House Health was co-founded in 2023 by two healthcare professionals and a technical leader: Ari Brenner, Sergey Vasilenko and Shachar Har Zvi.
In-House Health is distinctive in that they are a win for the nurse experience as well as the hospital bottom line.”

Energy Vault Announces Successful Testing and Commissioning of First EVx 100 MWh Gravity Energy Storage System by China Tianying, Extension of Atlas Renewable Licensing Agreement to 15 Years

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Martedì, Maggio 7, 2024

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the successful testing and commissioning of the Rudong EVx™ gravity energy storage system (GESS) by China Tianying Co., Ltd (CNTY).

Key Points:

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the successful testing and commissioning of the Rudong EVx™ gravity energy storage system (GESS) by China Tianying Co., Ltd (CNTY).
Testing included the successful charging and discharging of units of the 25 MW/100 MWh GESS invested in and built by CNTY in partnership with Energy Vault and Atlas Renewable.
View the full release here: https://www.businesswire.com/news/home/20240507725790/en/
The first set of charging and discharging units of the Rudong 100MWh gravity energy storage project was successfully tested.
“This testing demonstrates that gravity energy storage technology promises to play a key role in supporting the energy transition and decarbonization goals of China, the world’s largest energy storage market.

Security Benefit Appoints Jim Kiley as Head of Education Market to Lead Its Strategy in the 403(b) Marketplace

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Martedì, Maggio 7, 2024

Professional Services, Other Professional Services, Insurance, Human Resources, Finance, Personal Finance, NEA, Retirement, Partnership, Financial adviser

Security Benefit, a leading provider of 403(b) retirement plans, has appointed Jim Kiley to Head of the Education Market and Affinity Relations to lead its strategy for K-12 school district retirement plans.

Key Points:

Security Benefit, a leading provider of 403(b) retirement plans, has appointed Jim Kiley to Head of the Education Market and Affinity Relations to lead its strategy for K-12 school district retirement plans.
Kiley, a 35-year industry veteran, was previously the Head of Eastern Sales at Security Benefit and will now manage the organization’s education efforts, including its partnership with the NEA.
The company’s roots in the retirement market began in the early 1970s, offering its first set of 403(b) retirement accounts to educators.
He joined Security Benefit in 2011 and has built a reputation for providing exceptional client counsel and strategic retirement planning insights, especially those impacting clients within the education market.

CodePR Brings on Industry Veteran and Former Head of VC Practice at Sparkpr

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Venerdì, Maggio 3, 2024

NVC, The, IVP, DCM, Verizon Communications, NEA, Partner, Virgin Green Fund, Marketing, SAN

SAN FRANCISCO, May 3, 2024 /PRNewswire/ -- CodePR, a boutique communications agency amplifying the brands of VC firms and innovative startups, today announced that Tim Turpin, former Sparkpr Executive Vice President and head of its Venture Capital and Emerging Technologies Practice, has joined as a Partner.

Key Points:

He rejoins his former colleagues Mary Magnani and Michael Celiceo, who founded the firm three years ago and have built an impressive roster of VC clients.
"We started CodePR to provide senior support to venture capital firms of all sizes looking to raise their profile with specific audiences," said co-founder Mary Magnani.
Turpin was recruited into Sparkpr in 2007 and successfully built the firm's venture capital practice.
"I'm excited for this next phase in my career of partnering with investors and entrepreneurs while helping CodePR continue to work with only the best firms."

Korro Announces $70 Million Private Placement

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Giovedì, Aprile 18, 2024

Sale, Atlas, Atlas Venture, BMO Capital Markets, RBC Capital Markets, ZZ, Machine learning, RNA, PIPE, NEA, CNS, Patient, Liver, AATD

The PIPE is expected to close on April 22, 2024, subject to the satisfaction of customary closing conditions.

Key Points:

The PIPE is expected to close on April 22, 2024, subject to the satisfaction of customary closing conditions.
The PIPE was led by funds affiliated with Deep Track Capital, with participation from Atlas Venture, Blue Owl Healthcare Opportunities, NEA, Rock Springs Capital, Tri Locum Partners, and other leading healthcare investors.
Piper Sandler is acting as lead placement agent and RBC Capital Markets and BMO Capital Markets are acting as co-placement agents for the PIPE.
Pursuant to a registration rights agreement, Korro agreed to file a registration statement with the SEC covering the resale of the shares issued in the PIPE.

SafeBase Raises $33M in Series B to Accelerate Vision for Friction-Free Security Reviews

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Martedì, Aprile 30, 2024

SafeBase , the leading Trust Center Platform for friction-free security reviews, today announced it has raised $33 million in a Series B funding round.

Key Points:

SafeBase , the leading Trust Center Platform for friction-free security reviews, today announced it has raised $33 million in a Series B funding round.
Historically, these security reviews have been plagued by friction-filled processes that delay sales cycles and damage the trust between buyers and vendors.
Built with transparency at its core, the SafeBase Trust Center Platform delivers a centralized and automated approach to trust management.
To learn more about SafeBase and their Series B investment, visit safebase.io .

beehiiv raises $33M Series B for newsletter and email platform

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Martedì, Aprile 30, 2024

beehiiv Inc., a next-generation email newsletter platform, today is announcing its $33M Series B led by NEA and participating investors including Sapphire Sport.

Key Points:

beehiiv Inc., a next-generation email newsletter platform, today is announcing its $33M Series B led by NEA and participating investors including Sapphire Sport.
Since launching in 2021, beehiiv has seen rapid adoption, with current monthly revenue exceeding $1M, and over 1 billion emails dispatched monthly.
The funding will be allocated towards bolstering the engineering and support teams to improve the overall capabilities and user experience of the platform.
We’re thrilled to partner with them to establish beehiiv as the leading email platform for creators and advertisers alike.”

ARRIS® SECURES ADDITIONAL $34M IN FUNDING TO FUEL GROWTH WITH NEW STRATEGICS IN AEROSPACE & CONSUMER MARKETS

Retrieved on:

Martedì, Aprile 30, 2024

Shoe, RFID, AVG, Brooks Sports, Business intelligence, Standard Industries, Transport, NEA, XN, MVP, Zebra Technologies, Hyperion, ST Engineering, Growth, Engineering, 3D printing

BERKELEY, Calif., April 30, 2024 /PRNewswire/ -- ARRIS®, an advanced manufacturer with a breakthrough technology enabling the highest-performing fiber-reinforced composites at scale, today announced that it has raised $34 million in its latest fundraising round.

Key Points:

People benefit from the capabilities of ST Engineering nearly every day—one of the largest independent providers of commercial airframe maintenance services in the world.
People experience the continuous innovation of Youngone nearly every day—the pioneering company works with major consumer brands focusing on outdoor/athletic apparel, materials, gear, and footwear.
Funding will be used to build on the ARRIS' success in scaling its global operations.
"The use of composite structures in aerospace applications offers a compelling combination of weight savings, strength, durability, and environmental sustainability.