Cleveland Avenue

Impact Capital Managers Celebrates the Five Year Anniversary of the Mosaic Fellowship Program with Largest Cohort to Date

Retrieved on: 
Tuesday, May 7, 2024
Ford, HCAP, System, Ford Foundation, Russian National Wealth Fund, Woman, Climate, Cleveland Avenue, Mentorship, Growth, Fellow, Black, ICM, Partner (business rank), Inode, Caregiver, Orientation, Student, Associate, BIPOC, Ecosystem, Knowledge

NEW YORK, May 7, 2024 /PRNewswire/ -- Impact Capital Managers, the leading network of private capital fund managers investing for superior returns and meaningful impact, is proud to announce the fifth Mosaic Fellowship cohort of 25 graduate students.

Key Points: 
  • NEW YORK, May 7, 2024 /PRNewswire/ -- Impact Capital Managers, the leading network of private capital fund managers investing for superior returns and meaningful impact, is proud to announce the fifth Mosaic Fellowship cohort of 25 graduate students.
  • The Fellowship is a highly competitive summer program placing top-performing graduate students at ICM member funds, with the objective of advancing traditionally underrepresented talent.
  • The 25 winners , selected from an applicant pool of over 350 applicants, represents the largest cohort to date.
  • "My participation in the Mosaic Fellowship has truly come full circle," said Jessica Singh, former Mosaic Fellow and current Associate at Ecosystem Integrity Fund (EIF).

ALL KIDS BIKE® RECEIVES 2024 GRANT AWARD FROM YAMAHA’S OUTDOOR ACCESS INITIATIVE

Retrieved on: 
Thursday, April 25, 2024
Cleveland Avenue, White oak, Marketing, Partnership, Curriculum, Oil

“There are few things more gratifying than to be a part of kids experiencing something new, fun, and engaging, and we are excited to expand access to adventure for more kids through the All Kids Bike program.”

Key Points: 
  • “There are few things more gratifying than to be a part of kids experiencing something new, fun, and engaging, and we are excited to expand access to adventure for more kids through the All Kids Bike program.”
    Each All Kids Bike Learn-to-Ride Kindergarten PE Program is comprised of a fleet of 24 Strider bikes, pedal conversion kits, helmets, a teacher instruction bike and helmet, 2 rolling metal bike storage racks, SHAPE-standard curriculum, teacher training, and organizational support from All Kids Bike for as long as a school operates the program.
  • It includes everything needed to teach every incoming kindergarten student how to ride a bike for a decade or longer.
  • Yamaha and Strider Bikes share a long connection; Strider founder Ryan McFarland is a lifelong fan of the brand, and he designed his first-ever prototype Strider balance bike in the likeness of a Yamaha-blue dirt bike, complete with Yamaha stickers and a #1 racing plate.
  • With the success of Strider, McFarland expanded his vision to teach kids to ride a bike with the creation of the Strider Education Foundation and, in 2018, the introduction of All Kids Bike.

Accelerating Mass Business AI Adoption: NeuReality Launches Developer Portal for NR1 Inference Platform, Expanding Affordable AI Access

Retrieved on: 
Tuesday, April 16, 2024
Data Management, Security, Technology, Software, Networks, Artificial Intelligence, Hardware, TSMC, AIAI, IP, Investment, Acceleration, Cleveland Avenue, SDK, Workflow, Restaurant, Nvidia, SOC, Avital (moshav), NR1, Central processing unit, Graphics processing unit, API, Organization, Architecture, Deep learning, Medical device

This marks a significant milestone for NeuReality since delivery and activation of its 7nm AI inference server-on-a-chip, the NR1 NAPU™ , and successful bring up of its entire NR1 AI hardware and software system in the first quarter.

Key Points: 
  • This marks a significant milestone for NeuReality since delivery and activation of its 7nm AI inference server-on-a-chip, the NR1 NAPU™ , and successful bring up of its entire NR1 AI hardware and software system in the first quarter.
  • The NR1™ AI Inference Solution enables businesses and governments to run new AI training models and existing AI applications without over-investing millions in scarce GPUs.
  • It empowers developers with toolchain for complete AI pipeline acceleration, orchestration, provisioning and inference runtime APIs to streamline AI deployment workflow.
  • Access the new Software Developer Portal and learn more at: developer.neureality.ai .

Chiplet Interconnect Pioneer Eliyan Closes $60 Million Series B Funding Round, Co-led by Samsung Catalyst Fund and Tiger Global Management to Address Most Pressing Challenge in Development of Generative AI Chips

Retrieved on: 
Monday, March 25, 2024
Wide Open West, Cleveland Avenue, HBM, Samsung Catalyst Fund, Growth, Intel Capital, AI, Tiger Global Management, Telescopic sight

Santa Clara, California--(Newsfile Corp. - March 25, 2024) - Eliyan ("Eliyan") Corporation, credited for the invention of the semiconductor industry's highest-performance and most efficient chiplet interconnect, today announced the closing of its latest funding round, totaling $60 million.

Key Points: 
  • Santa Clara, California--(Newsfile Corp. - March 25, 2024) - Eliyan ("Eliyan") Corporation, credited for the invention of the semiconductor industry's highest-performance and most efficient chiplet interconnect, today announced the closing of its latest funding round, totaling $60 million.
  • The funding was co-led by Samsung Catalyst Fund and Tiger Global Management and includes participation from existing investors, including Intel Capital, as well as SK hynix, Cleveland Avenue and Mesh Ventures, amongst others.
  • Eliyan's chiplet interconnect technology achieves up to 4x the performance and half the power of other solutions.
  • The company's NuLink PHY, proven on advanced process nodes, addresses both Die-to-Die and Die-to-Memory interconnect with its highly efficient performance metrics.

Europe Leaps Ahead in Global AI Arms Race, Joining $20 Million Investment in NeuReality to Advance Affordable, Carbon-Neutral AI Data Centers

Retrieved on: 
Tuesday, March 19, 2024
Environment, Mobile, Wireless, Technology, Security, Other Technology, Software, Green Technology, Internet, Data Management, Artificial Intelligence, Conservative Party (United States), European Innovation Council, GPU, Growth, Natural language processing, XT, OurCrowd, Databricks, NR1, Qualcomm, Cleveland Avenue, Supermicro, PCI Express, Campaign, IBM, Compatibility, Generative, Graphics processing unit, NIC, Investment, EIC, European, Innovation system, AMD, Multimedia, Hebrew Bible, Central processing unit, Government, CPU, TSMC, Medical device

View the full release here: https://www.businesswire.com/news/home/20240319442956/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240319442956/en/
    NeuReality co-founders (left to right) Yossi Kasus, Moshe Tanach, Tzvika Shmueli (Photo: Business Wire)
    This $20 million raise brings NeuReality’s total funding to $70 million.
  • NeuReality’s efficient AI-centric system architecture enables companies to run generative AI applications and large language models (LLMs) without overinvesting in scarce and underutilized GPUs.
  • By connecting directly to Ethernet, NR1 efficiently manages AI queries from vast data pipelines originating from millions of users and billions of devices.
  • The additional $20 million propels NeuReality for broader AI Inference deployment as both conventional and generative AI applications surge in demand.

Presto Raises Capital from Remus Investor Group, Announces Addition of Two Board Members, and Significant Cost Reductions

Retrieved on: 
Friday, November 17, 2023
Cleveland Avenue, SAN, Optimism, Traction, Uber, Goldman Sachs, Aircraft, Growth, McKinsey & Company, Don Thompson, Security (finance), Presto

As part of the transaction, Remus Capital has appointed two additional directors to Presto's Board of Directors.

Key Points: 
  • As part of the transaction, Remus Capital has appointed two additional directors to Presto's Board of Directors.
  • Northland Capital Markets, Chardan, and The Benchmark Company are acting as the placement agents for the offering.
  • “This equity commitment by a group of sophisticated investors demonstrates the strength of our strategic plans and market position,” said Xavier Casanova, CEO of Presto.
  • I am confident that, as shareholders themselves, they will augment the board’s focus on maximizing shareholder value.

Inspiro Tequila and Wheyward Spirit Take Top Honors at Sprout Beverage's Fall 2023 Pitch Day

Retrieved on: 
Monday, November 20, 2023
Island, Woman, Cleveland Avenue, Distillation, Siemens Inspiro, Navy, Wine, Learning, Mentorship, Sprout, Marketing, Friends, CPG, Growth, Agave, Female, Jenever, Liquor, Management, Fashion design, Oceanus

CHICAGO, Nov. 20, 2023 /PRNewswire/ -- Sprout Beverage, Growth Beverage's invite-only accelerator for emerging adult beverage brands, has named Inspiro Tequila the winner of its Fall 2023 Pitch Day and Wheyward Spirit its runner-up. Inspiro will receive a $100,000 investment* in capital and services, while Wheyward Spirit will receive $50,000 in resources and services from the Growth Beverage suite of brands.

Key Points: 
  • CHICAGO, Nov. 20, 2023 /PRNewswire/ -- Sprout Beverage , Growth Beverage's invite-only accelerator for emerging adult beverage brands, has named Inspiro Tequila the winner of its Fall 2023 Pitch Day and Wheyward Spirit its runner-up.
  • Inspiro will receive a $100,000 investment* in capital and services, while Wheyward Spirit will receive $50,000 in resources and services from the Growth Beverage suite of brands.
  • Pitch Day winner, Mara Smith, founder and CEO of Inspiro Tequila, is a former attorney turned stay-at-home mom who was compelled to create a clean, additive-free tequila that she and her friends would want to drink.
  • Emily Darchuk, founder and CEO of Wheyward Spirit, forged her career as a food scientist in the natural food and dairy industry.

Aigen's $12M Series A Unleashes True-Solar Agriculture Robots

Retrieved on: 
Thursday, November 9, 2023
Agriculture, Climate change, Rose Marcario, Food, Investment, NEA, Farm, Farmer, Health, New Enterprise Associates, AI, Regen, Robotics, Cleveland Avenue, LTE, Financial services, Dairy, Incite

KIRKLAND, Wash., Nov. 9, 2023 /PRNewswire/ -- Aigen, an AI-driven robotics company, closed $12 million in Series A financing from leading investor ReGen Ventures along with NEA, Cleveland Avenue, Incite, and Susquehanna Private Equity Investments LLLP. The funding expands Aigen's manufacturing capacity to meet high pre-order demand and create a new agricultural era that is both sustainable and scalable.

Key Points: 
  • "ReGen Ventures believes that innovation is the cornerstone of a regenerative future, and that's why we invest in visionary companies like Aigen," said Marcario.
  • "The Aigen team's exceptional progress in hardware and software development has us eagerly supporting their next phase – scaling."
  • Founded in 2020, Aigen is the only agricultural technology company developing truly solar-powered autonomous robots for crop management without chemicals or fossil fuels.
  • "Aigen is defining a new era for agriculture, where farmers prosper and people are healthier.

Presto Announces FY2023 Financial Results, Increased Ownership Commitment from a Major Existing Shareholder, Extended Shareholder Lock-ups, and a new Interim CFO

Retrieved on: 
Tuesday, October 10, 2023
Russell, Senior management, Senior, MBA, Automation, Traction, Restaurant, Russell Indexes, Common stock, University, Growth, Nathan, EY-Parthenon, Bachelor of Business Administration, SAN, Cleveland Avenue, Business administration, QSR, CFO, GAAP, FTSE Russell, AlixPartners, Beauty salon, Fine chemical, Cryptocurrency, Management, Reinsurance, Security (finance), Metropolitan, Somatosensory system

We are pleased that one of our major existing shareholders and existing lender have offered their continued support to us on this journey,” Mr. Casanova added.

Key Points: 
  • We are pleased that one of our major existing shareholders and existing lender have offered their continued support to us on this journey,” Mr. Casanova added.
  • Presto today announced the financial results for its Full Year ended June 30, 2023, which were in line with guidance, and financial results for its Fiscal Fourth Quarter 2023.
  • The financing for its increased ownership is expected to close on or around October 16, 2023, subject to customary closing conditions.
  • After leading the Company as interim Chief Financial Officer, Stanley Mbugua will return to his role as Chief Accounting Officer.

Start-up Fighting Cow-Burped Methane Raises US$29MM in Series B Funding, Bringing Total Investment to US$47MM

Retrieved on: 
Tuesday, August 29, 2023
Methane, Pressure, Paris, Climate, Aquaculture, Farmer, Livestock, GHG, Partner (business rank), Doctor of Philosophy, Cleveland Avenue, Climate change, IPCC, Animal, UN, Cattle, Growth, CH4, CO2, Fertilizer, Agriculture, EU

HENDERSON, Nev., Aug. 29, 2023 /PRNewswire/ -- CH4 Global, Inc., a climate tech company on the path to radically reducing GHG emissions in animal agriculture, today announced it has raised US$29 million in Series B funding. The company will use the funds to build and validate the CH4 Global EcoPark™, an aquaculture and production facility that will make CH4 Global's signature product, Methane Tamer™, at scale. 

Key Points: 
  • It also underscores market demand for safe, viable solutions to vastly reduce enteric methane from ruminant livestock.
  • When added to cattle feed, Methane Tamer—which uses a red seaweed (Asparagopsis)—reduces the animals' methane emissions by up to 90% while also reducing the feed energy lost to methane emissions.
  • The 1.5 billion cows on the planet produce more than 150 million tons of methane annually -- the largest single source of methane globally.
  • Over 150 countries have signed the Global Methane Pledge , which aims to reduce methane emissions by 30%.