Faction

Multi-Cloud Data Services Pioneer Faction Appoints Derek Pilling as CEO

Retrieved on: 
Tuesday, December 19, 2023

ORIX USA’s Growth Capital group extended new capital to Faction in support of the company’s growth and expansion plans.

Key Points: 
  • ORIX USA’s Growth Capital group extended new capital to Faction in support of the company’s growth and expansion plans.
  • Pilling, who joined Faction as Chief Financial Officer in 2020, has worked for over thirty years with venture capital and private equity-backed companies, supporting successive generations of market leaders in technology-enabled services.
  • The race to gain insights from data is pushing organizations to modernize their data architectures,” said Pilling.
  • “Faction's differentiated multi-cloud data services approach has the potential to drive significant growth for the company as they optimize their market opportunity in the larger data transformation ecosystem.”

Lightspeed Faction Launches $285 Million Venture Fund for Blockchain Startups

Retrieved on: 
Thursday, November 9, 2023

MENLO PARK, Calif., Nov. 9, 2023 /PRNewswire/ -- Lightspeed Faction, a leading blockchain-focused venture capital firm, today announced the launch of its inaugural $285 million venture fund. Faction will primarily invest in early stage blockchain projects and serve as a long-term capital partner as these projects scale. In addition to providing capital, the fund will serve as a seasoned resource to blockchain entrepreneurs on a range of topics from tokenomics to business scaling.

Key Points: 
  • MENLO PARK, Calif., Nov. 9, 2023 /PRNewswire/ -- Lightspeed Faction, a leading blockchain-focused venture capital firm, today announced the launch of its inaugural $285 million venture fund.
  • Faction will primarily invest in early stage blockchain projects and serve as a long-term capital partner as these projects scale.
  • Faction offers founders access to a team of experienced blockchain investors and operators, servicing the industry at a time when many have fled.
  • Lightspeed Faction is a joint venture with Lightspeed Venture Partners, and as a result, combines Faction's crypto-only approach with Lightspeed's deep Silicon Valley roots and platform business scaling resources.

EQS-News: tokentus investment AG has invested USD 1 million in the Lightspeed Faction Fund I

Retrieved on: 
Thursday, December 14, 2023

Frankfurt am Main, 14 November 2023 - tokentus investment AG ("tokentus", ISIN: DE000A3CN9R8; WKN: A3CN9R; Symbol: 14D), based in Frankfurt am Main, has invested USD 1 million as a limited partner in the newly launched Lightspeed Faction Fund I.

Key Points: 
  • Frankfurt am Main, 14 November 2023 - tokentus investment AG ("tokentus", ISIN: DE000A3CN9R8; WKN: A3CN9R; Symbol: 14D), based in Frankfurt am Main, has invested USD 1 million as a limited partner in the newly launched Lightspeed Faction Fund I.
  • "With this investment, tokentus is indirectly gaining access to a portfolio of very promising, early-stage investments in the blockchain space.
  • In our opinion, this closes an important and strategic gap in our market coverage," says Oliver Michel, CEO of tokentus investment AG.
  • "We at tokentus also assume that we will be able to invest in an interesting target through and with Faction on several occasions," adds Mona Tiesler, Investment Manager at tokentus.

TDK Ventures leads next round of financing in advanced vehicle technology developer Faction

Retrieved on: 
Thursday, October 26, 2023

TDK Ventures leads next funding, targeted at customer expansion

Key Points: 
  • TDK Ventures leads next funding, targeted at customer expansion
    Joining in the funding are: Ducera Partners, Trucks Venture Capital, and Fifty Years
    SAN JOSE, Calif., Oct. 26, 2023 /PRNewswire/ -- TDK Corporation (TSE: 6762) announced today that subsidiary TDK Ventures is leading the latest round of financing in driverless-technology developer Faction.
  • Faction has assembled an experienced team previously responsible for the launch of driverless vehicles ranging from light EVs to full-size semi-trucks.
  • "TDK Ventures sees its partnership with Faction as an ideal match in both vision and technology" commented Nicolas Sauvage, President of TDK Ventures.
  • To learn more about TDK Ventures, interested startups or investment partners should visit www.tdk-ventures.com or reach out at [email protected] .

ESG Survey Reveals Data Management Opportunities Essential to Transformative Business Outcomes

Retrieved on: 
Tuesday, August 8, 2023

According to ESG’s research survey, The State of DataOps, July 20231:

Key Points: 
  • According to ESG’s research survey, The State of DataOps, July 20231:
    To access additional insights from the ESG survey, download the FREE eBook .
  • Data practitioners already consumed with preparing out-of-sync data from multiple internal applications are now facing mounting pressure from external sources intended to enrich business insights.
  • “Data volume and complexity have skyrocketed, driving urgency around modernizing data management.
  • When data is in a replication or migration phase it is out-of-sync with new data, or data stored in other locations.

Dispersion Capital Launches $40M Fund For Decentralized Infrastructure

Retrieved on: 
Tuesday, May 23, 2023

Early-stage venture firm Dispersion Capital announced its $40 million fund to back foundational web3 infrastructure.

Key Points: 
  • Early-stage venture firm Dispersion Capital announced its $40 million fund to back foundational web3 infrastructure.
  • Dispersion Capital has already invested in 20 companies, with a majority receiving follow-on financing since Dispersion's investment.
  • Patrick Chang , Dispersion Capital’s founder and managing partner, is a seasoned VC with established web3 credentials.
  • Dispersion Capital aims to support the creation of robust and developed infrastructure beyond protocols and networks," said Patrick Chang, Dispersion Capital's founder.

Arcimoto Inc. Strengthens Focus Through Commercial Partnership and Joint Investment Agreement with Faction Technology Inc. to Co-Develop Driverless Vehicle Platforms

Retrieved on: 
Tuesday, May 9, 2023

The agreement builds upon a long partnership between the two companies and will further enhance Arcimoto’s position in the passenger, commercial and industrial mobility market by adding strong innovation capabilities in driverless vehicle technology from Faction.

Key Points: 
  • The agreement builds upon a long partnership between the two companies and will further enhance Arcimoto’s position in the passenger, commercial and industrial mobility market by adding strong innovation capabilities in driverless vehicle technology from Faction.
  • The combination of Faction's DriveLink® and TeleAssist® technologies allows Arcimoto platform vehicles to integrate vehicle-side AI driving capabilities blended with best-in-class remote human teleoperation.
  • “The Arcimoto platform has been thoughtfully designed with scalability and driverless technology in mind, making it an ideal platform for the integration of self-driving technology.
  • In addition to the expanded commercial development relationship, Arcimoto and Faction have announced an investment agreement that provides a minority investment in each other.

Faction and Arcimoto Announce Commercial Teaming and Joint Investment Agreement for Co-Development of Driverless Vehicle Platforms

Retrieved on: 
Tuesday, May 9, 2023

Today, Faction Technology, Inc. , a self-driving technology provider for low-cost driverless fleets, and Arcimoto, Inc. (NASDAQ: FUV), the leading North American manufacturer of ultra-efficient and affordable electric vehicles, announced a strategic and joint investment agreement to scale driverless vehicle fleets.

Key Points: 
  • Today, Faction Technology, Inc. , a self-driving technology provider for low-cost driverless fleets, and Arcimoto, Inc. (NASDAQ: FUV), the leading North American manufacturer of ultra-efficient and affordable electric vehicles, announced a strategic and joint investment agreement to scale driverless vehicle fleets.
  • This driverless vehicle system is designed to maintain the core strengths of the Arcimoto platform, including a top speed of 75 mph and a range of just over 100 miles.
  • Partnering with Arcimoto allows us to accelerate the deployment of driverless fleets, far surpassing the capabilities of legacy vehicle designs,” stated Ain McKendrick, CEO of Faction.
  • Under the agreement, Arcimoto will make a strategic investment in Faction and Faction will receive an equity stake in Arcimoto.

GoCar Tours Announces Grand Opening of Las Vegas Location and First Demos of Driverless All-Electric Tourism Vehicles

Retrieved on: 
Thursday, March 2, 2023

GoCar Tours , the inventors of GPS-guided driving tours, announced today the grand opening of its new Las Vegas location, GoCar Las Vegas .

Key Points: 
  • GoCar Tours , the inventors of GPS-guided driving tours, announced today the grand opening of its new Las Vegas location, GoCar Las Vegas .
  • Additionally, GoCar Las Vegas will serve as the proving ground for cutting-edge driverless technologies , powered by Faction .
  • To reserve your GoCar Tour, contact GoCar Tours Las Vegas at 702-323-4066 or [email protected] .
  • GoCar Las Vegas is the seventh GoCar location after San Francisco, San Diego, and Monterey, California; Barcelona, Spain; and Lisbon and Porto, Portugal.

Faction Announces Commercial Expansion of DriveLink® and TeleAssist® Technologies to Simplify Self-Driving Systems for OEMs and other Customers

Retrieved on: 
Monday, February 27, 2023

Its DriveLink® technology creates a digital vehicle platform for vehicle manufacturers to enable driverless technology.

Key Points: 
  • Its DriveLink® technology creates a digital vehicle platform for vehicle manufacturers to enable driverless technology.
  • TeleAssist® leverages remote human assistance, similar to an air traffic controller, allowing the vehicle to run with limited human intervention.
  • Faction’s technology suite provides an opportunity for OEMs to design driverless solutions into their vehicles at a fraction of the cost.
  • Potential partners interested in enabling driverless solutions into their businesses should contact Faction with the information below.