Act One

Act One Ventures Raises $73 Million for its 3rd Fund Amid Market Slowdown

Retrieved on: 
Wednesday, January 17, 2024

LOS ANGELES, Jan. 17, 2024 /PRNewswire/ -- Act One Ventures, the early stage venture capital firm that created the Diversity Rider, has finished raising its third fund. With $73 million in committed capital, Act One more than tripled the $23 million raised for its second fund and brought its total assets under management (AUM) to $148 million. The new fund comes at a pivotal moment for the venture capital industry, which is seeing significant contraction with firms shutting down or unable to raise new funds after several years of skyrocketing valuations and mega-funding rounds across all stages.

Key Points: 
  • With $73 million in committed capital, Act One more than tripled the $23 million raised for its second fund and brought its total assets under management (AUM) to $148 million.
  • The pair began working together in 2013 at the UCLA Venture Fund, and both were software company founders prior to that.
  • The firm led four of the five deals made from the new fund so far, with initial checks ranging from $1 million to $2 million.
  • Act One's $148 million in AUM is spread across three funds and more than 10 special purpose vehicles (SPVs), but it plans to reserve significant capital in Fund III for follow-on financing of portfolio companies.

Introducing CI&T/FLOW: A Generative AI Platform to Unleash Hyper-Productivity for Enterprise

Retrieved on: 
Tuesday, July 18, 2023

CI&T has been at the forefront of driving digitalization for organizations and is committed to helping clients navigate AI’s transformative technology.

Key Points: 
  • CI&T has been at the forefront of driving digitalization for organizations and is committed to helping clients navigate AI’s transformative technology.
  • “Artificial Intelligence is the gateway to a new disruption in the corporate world, one we call Hyper Digital.
  • At CI&T, our goal is to expedite this transition by introducing CI&T/FLOW, our AI platform designed for the Hyper Digital era."
  • Over the course of the next 12 to 24 months, CI&T plans to scale this platform across all CI&T clients, aiming to have over a hundred AI agents available on the platform.

Introducing CI&T/FLOW: A Generative AI Platform to Unleash Hyper-Productivity for Enterprise

Retrieved on: 
Tuesday, July 18, 2023

CI&T has been at the forefront of driving digitalisation for organisations and is committed to helping clients navigate AI’s transformative technology.

Key Points: 
  • CI&T has been at the forefront of driving digitalisation for organisations and is committed to helping clients navigate AI’s transformative technology.
  • “Artificial Intelligence is the gateway to a new disruption in the corporate world, one we call Hyper Digital.
  • At CI&T, our goal is to expedite this transition by introducing CI&T/FLOW, our AI platform designed for the Hyper Digital era”.
  • Over the course of the next 12 to 24 months, CI&T plans to scale this platform across all CI&T clients, aiming to have over 100 AI agents available on the platform.

Sakuu to Become Publicly Traded Company via Business Combination with Plum Acquisition Corp. I

Retrieved on: 
Thursday, March 2, 2023

I (“Plum”) (NASDAQ: PLMI), a special purpose acquisition company (“SPAC”) formed by Ursula Burns, Kanishka Roy, and Mike Dinsdale, today announced that they have entered into a definitive business combination agreement, providing for a merger that will result in Sakuu becoming a publicly traded company.

Key Points: 
  • I (“Plum”) (NASDAQ: PLMI), a special purpose acquisition company (“SPAC”) formed by Ursula Burns, Kanishka Roy, and Mike Dinsdale, today announced that they have entered into a definitive business combination agreement, providing for a merger that will result in Sakuu becoming a publicly traded company.
  • (Graphic: Business Wire)
    Founded in 2016, Sakuu is commercializing next-generation lithium (Li) metal batteries and Li-metal all-solid-state batteries to be mass-produced via proprietary multi-material, multi-process additive manufacturing technologies.
  • In pioneering SwiftPrint™ solid-state batteries from its Kavian™ additive manufacturing platform, Sakuu solves fundamental challenges that are known to impede commercial-scale production of solid-state batteries.
  • The business combination values the combined Company at an approximate pro forma enterprise value of USD $705 million, including the impact of the anticipated financing sources.

IMAGINE DRAGONS CELEBRATE 10th ANNIVERSARY OF LANDMARK DEBUT ALBUM WITH 'NIGHT VISIONS (EXPANDED EDITION)' ON SEPTEMBER 9

Retrieved on: 
Thursday, July 28, 2022

LOS ANGELES, July 28, 2022 /PRNewswire/ -- Commemorating a major milestone, GRAMMY®-winning, multi-Platinum band Imagine Dragons will celebrate the 10th anniversary of their groundbreaking debut LP with Night Visions (Expanded Edition) (KIDinaKORNER/Interscope/UMe) on September 9, 2022. It notably boasts nine additional studio tracks and two previously unreleased songs recorded contemporaneously entitled "Love of Mine" and "Bubble." The Expanded Edition will be available at all DSPs and in physical formats— 2-LP (which boasts the original cover art plus a 10th-anniversary cover art lithograph), 2-CD, or 2-Cassette. An exclusive limited-edition, canary-yellow 2-LP vinyl of the Expanded Edition will also be available.

Key Points: 
  • "Thunder" achieved a diamond certification, enshrining the quartet as "The First Band/Group in Music History to Achieve FOUR Diamond Singles."
  • Rolling Stone attested, "Imagine Dragons still know how to efficiently stomp stadiums into rubble," and American Songwriter hailed it as "a celebration of life."
  • The 32-track epic album debuted on Friday, July 1st, and marks the boldest artistic statement of the band's career thus far.
  • Executive produced by Rick Rubin, the double album includes hit singles "Enemy," "Bones," and "Sharks" and expands on 2021's Mercury Act 1.

Announcing the Recipients of the 2022 Phoenix Titan 100

Retrieved on: 
Tuesday, May 31, 2022

PHOENIX, May 31, 2022 /PRNewswire-PRWeb/ -- Titan CEO and headline sponsors, Class VI Partners and Wipfli LLP, are pleased to announce Geri Wright, Arizona Theatre Company Managing Director, as a 2022 Phoenix Titan 100. The Titan 100 program recognizes Phoenix's Top 100 CEO's & C-level executives. They are the area's most accomplished business leaders in their industry using criteria that includes demonstrating exceptional leadership, vision, and passion. Collectively the 2022 Phoenix Titan 100 and their companies employ upwards of 90,000 individuals and generate over $32 billion dollars in annual revenues. This year's honorees will be published in a limited-edition Titan 100 book and profiled exclusively online. They will be honored at an awards ceremony on September 29th, 2022 and will be given the opportunity to interact and connect multiple times throughout the year with their fellow Titans.

Key Points: 
  • PHOENIX, May 31, 2022 /PRNewswire-PRWeb/ -- Titan CEO and headline sponsors, Class VI Partners and Wipfli LLP, are pleased to announce Geri Wright, Arizona Theatre Company Managing Director, as a 2022 Phoenix Titan 100.
  • Collectively the 2022 Phoenix Titan 100 and their companies employ upwards of 90,000 individuals and generate over $32 billion dollars in annual revenues.
  • "The Titan 100 are shaping the future of the Phoenix business community by building a distinguished reputation that is unrivaled and preeminent in their field.
  • Geri Wright will be honored at the Titan 100 awards on September 29th, 2022, at the Chateau Luxe.

Cartwheel Raises $3 Million to Bring Hybrid Delivery Technology to New Verticals

Retrieved on: 
Thursday, April 28, 2022

LOS ANGELES, April 28, 2022 /PRNewswire/ -- Cartwheel, an on-demand delivery management platform for restaurants, retailers, couriers, and beyond, announced today that it has raised $3 million in seed funding led by Moonshots Capital, with participation from Chingona Ventures and existing investors including TenOneTen Ventures, Act One, and Pitbull Capital. Funds will be used to further product development, partner integrations, and company expansion.

Key Points: 
  • Cartwheel's technology empowers businesses to balance costs and resources to make every delivery profitable.
  • The company's technology supports in-house, outsourced, and hybrid delivery models, empowering operators to maintain control over the customer experience while balancing costs and resources to make every delivery profitable.
  • "To keep up with consumer demands, delivery has become a crucial required ingredient for brands and businesses, and Cartwheel's technology powers a customizable solution that improves any delivery program."
  • "This round of funding will help us further the adoption of our delivery management technology, improving the delivery experience for operators and customers alike."

FLIGHT by Yuengling and Imagine Dragons Announce Official Summer 2022 Concert Tour Partnership

Retrieved on: 
Monday, March 28, 2022

POTTSVILLE, Pa., March 28, 2022 /PRNewswire/ -- D.G. Yuengling & Son, Inc., America's Oldest Brewery®, announced today that FLIGHT by Yuengling, the Next Generation of Light Beer, is partnering with Imagine Dragons, the multi-platinum, Grammy Award-winning American pop rock band, for its summer 2022 Mercury Tour. The partnership brings music and beer lovers together for a once in a lifetime opportunity to win an epic VIP experience with Imagine Dragons and amazing, instant-win prizes all summer long in association with FLIGHT promotional activity.

Key Points: 
  • Yuengling & Son, Inc., America's Oldest Brewery, announced today that FLIGHT by Yuengling, the Next Generation of Light Beer, ispartnering with Imagine Dragons , the multi-platinum, Grammy Award-winning American pop rock band, for its summer 2022 Mercury Tour.
  • FLIGHT by Yuengling's partnership with Imagine Dragons includes an on-pack VIP Experience sweepstakes and concert ticket opportunities for winners across Yuengling's 23-state footprint.
  • Retail displays will feature Imagine Dragons signage, co-branded speakers and special limited-edition Imagine Dragons 12 pack cans of FLIGHT by Yuengling.
  • This unique collaboration between FLIGHT by Yuengling and Imagine Dragons is the first of its kind for America's Oldest Brewery.

Chipper Raises $5.6M to Eliminate Student Loan Debt and Combat the Latinx Funding Gap

Retrieved on: 
Thursday, March 10, 2022

With this new round of funding and payments resuming in May, we know 2022 will be a big year for Chipper.

Key Points: 
  • With this new round of funding and payments resuming in May, we know 2022 will be a big year for Chipper.
  • This funding will allow us to grow our user base and help borrowers with their student loan journeys from start to finish.
  • Launched in 2020, Chipper empowers student loan borrowers to improve their financial health by providing transparent, seamless student loan repayment solutions and is the only student loan app to support borrowers in every step of their journey.
  • Chipper is a simple app that helps users optimize and chip away at their student loan debt faster than traditional repayment methods.

KANYE WEST DOCUMENTARY "jeen-yuhs: A Kanye Trilogy" TO DEBUT IN THEATERS NATIONWIDE FOR ONE NIGHT ONLY ON FEBRUARY 10

Retrieved on: 
Friday, February 4, 2022

This preview of the acclaimed documentary series will debut in movie theaters before the three-week event begins on Netflix on February 16th.

Key Points: 
  • This preview of the acclaimed documentary series will debut in movie theaters before the three-week event begins on Netflix on February 16th.
  • The film powerfully weaves together decades of never-before-seen footage of the legendary artist to delve into the challenges and triumphs of West's career in music and fashion.
  • A new trailer for the documentary event was released today and can be seen here .
  • "We are grateful to the teams at Iconic Events, Time Studios and Netflix for working with us to share jeen-yuhs in theaters."