MVF

Maine Venture Fund Board Chair Dr. Brien Walton Invited to Speak at White House on Technology Commercialization

Retrieved on: 
Thursday, May 2, 2024
Husson University, Climate change, DOE, Small business, Climate, Research, Business, CDE, Primary energy, University, White, Government, College, MVF, Communication, Student, National Science Foundation, Management

PORTLAND, Maine, May 2, 2024 /PRNewswire/ --Maine Venture Fund (MVF), a state-sponsored venture capital fund whose board of directors is appointed by the state's governor, announced today that Dr. Brien Walton, MVF's Board chair and an award-winning investment strategist, was recently invited to speak at the White House during a roundtable discussion focusing on tackling the climate crisis through actionable methods of spurring the development of clean energy and climate technologies.

Key Points: 
  • PORTLAND, Maine, May 2, 2024 /PRNewswire/ --Maine Venture Fund (MVF), a state-sponsored venture capital fund whose board of directors is appointed by the state's governor, announced today that Dr. Brien Walton, MVF's Board chair and an award-winning investment strategist, was recently invited to speak at the White House during a roundtable discussion focusing on tackling the climate crisis through actionable methods of spurring the development of clean energy and climate technologies.
  • "I am so honored to have been invited to the White House for this important event to stimulate innovation in the clean energy space.
  • My expertise is in business development, so I bring fresh eyes to the problem of climate change technology and an emphasis on sustainable business planning," Walton said.
  • At the White House event, directors from the National Science Foundation, the Department of Energy, and senior White House staff focused on exploring the challenges of technology commercialization.

Maine Venture Fund announces investment in TimberHP

Retrieved on: 
Wednesday, June 7, 2023
State, Partnership, Q3, Carbon footprint, Finance, FAME, MVF, Forestry, European, UPM, American Rescue Plan Act of 2021, Cryptocurrency, Renewable energy, Q2, Greenway (Madison Mills, Virginia)

MADISON, Maine, June 7, 2023 /PRNewswire/ -- Maine Venture Fund ("MVF") announced today that it has completed an investment in TimberHP, which began commercial operations in April 2023. The company is using this capital, along with investment from several other strategic corporate partners, to accelerate the rate of production of its wood fiber insulation manufacturing facility at the former UPM paper mill in Madison, Maine, an economically distressed community and federally-designated Opportunity Zone.

Key Points: 
  • An innovative new Maine forestry product line is being pioneered in Somerset County, Maine, at the renovated Madison Mill site.
  • MADISON, Maine, June 7, 2023 /PRNewswire/ -- Maine Venture Fund ("MVF") announced today that it has completed an investment in TimberHP, which began commercial operations in April 2023.
  • "We're excited to partner with Maine Venture Fund in expanding economic opportunity in the state as we bring a new Maine heritage product to national and global markets".
  • Dr. Brien Walton, Board Chair of Maine Venture Fund, said, "TimberHP is an ambitious and much-anticipated manufacturing project in Maine that exemplifies the next chapter of innovation in forestry that we are seeing in the state.

MediaGo Honored as Gold Stevie® Award Winner in 2023 American Business Awards®

Retrieved on: 
Friday, May 5, 2023
Partnership, Stevie Awards, MSN, Stevie, MVF, Marriott Marquis, Sale, Organization, American business history, Gold, SAN, Advertising, CPA, Native advertising, ROI, Video game, U.S.A

SAN FRANCISCO, May 5, 2023 /PRNewswire/ -- MediaGo, a leading global AI-integrated marketing platform from Baidu's Global Business Unit, was named the winner of a Gold Stevie® Award in the Advertising or Campaign Management Platform category in the 21st Annual American Business Awards®. 

Key Points: 
  • SAN FRANCISCO, May 5, 2023 /PRNewswire/ -- MediaGo, a leading global AI-integrated marketing platform from Baidu's Global Business Unit, was named the winner of a Gold Stevie® Award in the Advertising or Campaign Management Platform category in the 21st Annual American Business Awards®.
  • "We're thrilled to offer a meaningful answer to these problems and to have the American Business Awards recognize our deep learning technology as a solution to help advertisers achieve better results."
  • When commenting on MediaGo's entry, an American Business Awards judge said that MediaGo was "a very functional platform that enhances advertiser capability to target the right audience across media."
  • The American Business Awards are the U.S.A.'s premier business awards program.

MediaGo Announces Full Deep Learning Capability For The Entire Marketing Chain

Retrieved on: 
Wednesday, March 22, 2023
Advertising, Partnership, MSN, Marketing, Deep learning, MVF, Xandr, SAN, CPA, Artificial intelligence, Native advertising, Verizon Communications, AI, ROI, Complex, Sales

SAN FRANCISCO, March 22, 2023 /PRNewswire/ -- MediaGo, a leading global AI-integrated marketing platform from Baidu's Global Business Unit, announced today its latest technology update – becoming one of the few advertising platforms in the open web market to fully apply deep learning technology to the entire marketing chain, including traffic anti-fraud, traffic quality prediction, ad click rate prediction, Smart Bid ad conversion rate prediction, user intent prediction and dynamic creative generation – to ensure campaigns yield better results and a higher return on investment (ROI).

Key Points: 
  • Leveraging Baidu's leading artificial intelligence (AI) technology and its deep learning framework, MediaGo has effectively applied its discriminative and generative AI in ad placement scenarios to easily process large volumes of data.
  • MediaGo's enhanced capability automatically adjusts the delivery mode, ad delivery strategy and algorithm optimization, based on different scenarios and changes in data – ensuring that campaigns yield a higher ROI.
  • Likewise, it also can accurately predict user behavior by analyzing both historical and real-time data, enabling highly precise, efficient advertising.
  • "MediaGo's AI deep learning technology automatically optimizes the ad delivery strategies – enabling highly precise and efficient advertising effectiveness."

MediaGo Announces Full Deep Learning Capability For The Entire Marketing Chain

Retrieved on: 
Wednesday, March 22, 2023
Advertising, Partnership, MSN, Marketing, Deep learning, MVF, Xandr, SAN, CPA, Artificial intelligence, Native advertising, Verizon Communications, AI, ROI, Complex, Sales

SAN FRANCISCO, March 22, 2023 /PRNewswire/ -- MediaGo, a leading global AI-integrated marketing platform from Baidu's Global Business Unit, announced today its latest technology update – becoming one of the few advertising platforms in the open web market to fully apply deep learning technology to the entire marketing chain, including traffic anti-fraud, traffic quality prediction, ad click rate prediction, Smart Bid ad conversion rate prediction, user intent prediction and dynamic creative generation – to ensure campaigns yield better results and a higher return on investment (ROI).

Key Points: 
  • Leveraging Baidu's leading artificial intelligence (AI) technology and its deep learning framework, MediaGo has effectively applied its discriminative and generative AI in ad placement scenarios to easily process large volumes of data.
  • MediaGo's enhanced capability automatically adjusts the delivery mode, ad delivery strategy and algorithm optimization, based on different scenarios and changes in data – ensuring that campaigns yield a higher ROI.
  • Likewise, it also can accurately predict user behavior by analyzing both historical and real-time data, enabling highly precise, efficient advertising.
  • "MediaGo's AI deep learning technology automatically optimizes the ad delivery strategies – enabling highly precise and efficient advertising effectiveness."

VETRO Closes on New $7M Capital Raise to Accelerate Growth and Innovation

Retrieved on: 
Wednesday, March 22, 2023
Finance, Data Management, Professional Services, Technology, Software, Telecommunications, Electricity, MVF, YORK, Water, Knowledge, Growth, Entrepreneurship, Data, Cryptocurrency

VETRO , provider of the market-leading, easy-to-use, cloud-native fiber management system, today announced that it has successfully secured a growth capital investment of $7 million.

Key Points: 
  • VETRO , provider of the market-leading, easy-to-use, cloud-native fiber management system, today announced that it has successfully secured a growth capital investment of $7 million.
  • This latest funding round was exclusively led by existing investors Resolve Growth Partners and Maine Venture Fund (MVF) and will be used to fuel global expansion and accelerate product innovation for VETRO’s open platform.
  • And enabling efficiency through all phases of fiber lifecycle management is VETRO’s sweet spot,” said Will Mitchell, VETRO CEO.
  • “We continue to raise capital to invest in our products because our customers deserve sustained advancement and innovation.

AM Best Affirms Credit Ratings of United States Liability Insurance Company and Its Subsidiaries

Retrieved on: 
Wednesday, August 24, 2022
Insurance, Professional Services, National Indemnity Company, NYSE, Insurance, USU, Overalls, Credit, Berkshire Hathaway, ALL, AM, Issuer, Risk management, News, AM Best, Berkshire, Industry, MVF, Superior

AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of aa+ (Superior) of United States Liability Insurance Company (USLI) and its subsidiaries: Mount Vernon Fire Insurance Company (MVF), U.S. Underwriters Insurance Company (USU) (Bismarck, ND), Mount Vernon Specialty Insurance Company and Radnor Specialty Insurance Company.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of aa+ (Superior) of United States Liability Insurance Company (USLI) and its subsidiaries: Mount Vernon Fire Insurance Company (MVF), U.S. Underwriters Insurance Company (USU) (Bismarck, ND), Mount Vernon Specialty Insurance Company and Radnor Specialty Insurance Company.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Defendify Raises $3.35 Million to Expand its Comprehensive Cybersecurity Solution and Accelerate Growth

Retrieved on: 
Thursday, August 18, 2022
Opus, Momentum, Headache, Glass, Risk, Technology, Growth, Leadership, Software as a service, Compliance, Marketing, CMO, Fortification, Twitter, Oracle, High performance organization, Solution, LinkedIn, Time, MVF, MTI, Organization, Risk management

PORTLAND, Maine, Aug. 18, 2022 /PRNewswire-PRWeb/ -- Defendify, the all-in-one cybersecurity platform for organizations of all sizes, announced today that it has closed a $3.35 million funding round. Existing investor Maine Venture Fund (MVF) led the round with participation from current investors 3dot6 Ventures, York IE, Maine Technology Institute (MTI), FreshTracks Capital, and Wasabi Ventures, with new investment from Coastal Ventures and Opus Ventures.

Key Points: 
  • Despite the pandemic, Defendify has continued strong growth, adding thousands of customers, reaching over 60 countries, and doubling its team size.
  • As Defendify continues its rapid growth, this $3.35 million in additional funding will be used to accelerate go-to-market strategies, product development, and team expansion.
  • "Defendify provides peace of mind, ensuring that even organizations with small IT teams have access to robust, holistic cybersecurity.
  • Defendify streamlines cybersecurity assessments, testing, policies, training, detection, and response in one consolidated and cost-effective cybersecurity solution.

Maine Venture Fund announces Finetune Learning acquired by Prometric

Retrieved on: 
Wednesday, August 10, 2022
Prometric, Growth, Investment, Learning, Classification, LLC, Artificial intelligence, Acquisition, Solution, MVF, Organization, Cryptocurrency, Financial services

PORTLAND, Maine, Aug. 10, 2022 /PRNewswire/ -- Prometric announced today that it has completed the acquisition of Finetune, a Maine Venture Fund portfolio company and leading innovator in Artificial Intelligence-assisted education and workforce software tools.

Key Points: 
  • PORTLAND, Maine, Aug. 10, 2022 /PRNewswire/ -- Prometric announced today that it has completed the acquisition of Finetune, a Maine Venture Fund portfolio company and leading innovator in Artificial Intelligence-assisted education and workforce software tools.
  • Steve Shapiro of Finetune, said, "We are grateful for the early foundational support from the Maine startup ecosystem, including Maine Venture Fund and several Maine-based individual investors.
  • Dr. Brien Walton, Board Chair of Maine Venture Fund, said, "Finetune is a great example of the type of success we work towards with each one of our portfolio companies.
  • Maine Venture Fund invests in dynamic businesses that have the potential for significant growth and impact in Maine.

Taboola’s Creative Shop Reaches Second Year Milestone, Supporting More Than 500 Top Advertisers Including Lowe’s, eToro, AIG, KIA, Sciplay, MVF and ERGO

Retrieved on: 
Wednesday, April 13, 2022
MVF, Wayfair, CEO, CNBC, Skechers, Adoption, Advertising, AIG, EBay, EToro, KIA, TBLA, NBC News, Twitter, Native, Data, News, GLOBE, Business Insider, Program, Goal, Artificial intelligence, KPI, The Independent, Form, Company, Native advertising, Communication, Walmart, SEC, Connected relation, Acquisition, Attention, CTR, BBC, Sales, Creative industries, Taboola

New customers added to the Taboola Creative Shop in 2021 include Lowes, eToro, AIG, KIA, Sciplay, MVF and ERGO.

Key Points: 
  • New customers added to the Taboola Creative Shop in 2021 include Lowes, eToro, AIG, KIA, Sciplay, MVF and ERGO.
  • Through its offerings, the Taboola Creative Shop works with clients to improve their creative performance, helping select advertisers achieve their goals.
  • Lowes utilizes the Taboola Creative Shop for both video and content campaigns, leveraging insights and best practices to produce motions ads, images and copy.
  • The Taboola Creative Shop is a key element in the success we see with running video campaigns on the Taboola network.