Blumberg Capital

Arturo Announces the Appointment of Juan Pujadas to Board of Directors

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星期二, 五月 21, 2024

Arturo , the property intelligence company that delivers portfolio-wide underwriting, risk, claims and catastrophe-driven event insights, today announced the appointment of Juan Pujadas to its Board of Directors.

Key Points:

Arturo , the property intelligence company that delivers portfolio-wide underwriting, risk, claims and catastrophe-driven event insights, today announced the appointment of Juan Pujadas to its Board of Directors.
Pujadas currently serves as an advisor at Blumberg Capital where he advises fintech portfolio companies, including EarnUp and Field Materials.
“We are thrilled to welcome Juan to our Board of Directors.
“It is an honor to have Juan on the board, and we look forward to leveraging his talent and experience to help shape the future of Arturo.”
“I am honored to serve on Arturo’s Board of Directors,” said Pujadas.

Entro Security Secures two Coveted Global InfoSec Awards at RSA Conference 2024

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星期一, 五月 6, 2024

CDM, NHI, News, Risk, CISSP, CEH, Blumberg Capital, SAN, Arms industry

SAN FRANCISCO, May 06, 2024 (GLOBE NEWSWIRE) -- Entro Security , the developer of an award-winning Non-Human Identity (NHI) and Secrets Management platform, is proud to announce it has won two awards from Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine.

Key Points:

SAN FRANCISCO, May 06, 2024 (GLOBE NEWSWIRE) -- Entro Security , the developer of an award-winning Non-Human Identity (NHI) and Secrets Management platform, is proud to announce it has won two awards from Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine.
“This achievement speaks to our team's mission of combatting secrets sprawl and protecting machine identities in the evolving cybersecurity landscape.”
Judges for the Global InfoSec Awards are CISSP, FMDHS, CEH, certified security professionals who award the most innovative and valuable cyber defense companies.
They ensure that only the most exemplary solutions receive recognition, setting a high standard for excellence within the cybersecurity industry.
Entro Security will be hosting an executive cyber breakfast on May 7th from 9:00 to 11:00 am.

FundGuard Closes $100M Series C Funding Round

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星期一, 三月 25, 2024

Professional Services, Consumer Electronics, Technology, Finance, Software, Venture Capital, Investment management, Growth, Entrepreneurship, Data science, Partner (business rank), Partnership, Blumberg Capital, Customer success, Acquisition, Capital, AI, Cryptocurrency

FundGuard , the industry’s first fully cloud-native, AI-powered, multi-asset class investment accounting platform for asset managers, asset owners, custodian banks and fund administrators today announced the successful closure of its Series C funding round, amounting to $100 million.

Key Points:

FundGuard , the industry’s first fully cloud-native, AI-powered, multi-asset class investment accounting platform for asset managers, asset owners, custodian banks and fund administrators today announced the successful closure of its Series C funding round, amounting to $100 million.
The round also saw strong participation from existing strategic investors, plus the company’s earliest financial investors: Blumberg Capital and Team8.
Founded in 2018, FundGuard is transforming investment operations by leveraging cloud-native technology and AI capabilities to modernize and streamline investment accounting operations and workflows.
“FundGuard is shaping the future of investment and fund accounting,” said Lior Yogev, CEO and Co-Founder, FundGuard.

2024 Entrepreneurship Summit Presented by the Harvard Undergraduate Venture Capital Group: Agenda and Speakers

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星期五, 三月 22, 2024

The Harvard Undergraduate Venture Capital Group (VCG) will hold its annual Entrepreneurship Summit on Sunday, March 24, 2024, from 8 AM to 5:30 PM at The Ritz-Carlton in Boston.

Key Points:

The Harvard Undergraduate Venture Capital Group (VCG) will hold its annual Entrepreneurship Summit on Sunday, March 24, 2024, from 8 AM to 5:30 PM at The Ritz-Carlton in Boston.
The Summit is the largest undergraduate entrepreneurship and venture capital conference in the nation and will bring together founders of unicorn startups, CEOs of public companies, and renowned venture capital and private equity investors.
The event will convene over 55 speakers and 15 panels on Leadership, Investing, and Entrepreneurship with Advanced Tracks discussing topics ranging from biotech to investing in AI.
“For this year’s Entrepreneurship Summit, we are excited to build off of the momentum of last year’s leadership and take it to new heights.

PRESCIENT AI RAISES $10M TO HELP OMNICHANNEL BRANDS OPTIMIZE AD SPEND AND MAXIMIZE REVENUE

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星期二, 三月 12, 2024

Consumer, CEAS, Amazon, Blumberg Capital, AI, MTA, GOOD, Marketing, Headline, MMM, Investment, Privacy, Advertising, Melange (fictional drug), Sales

MIAMI, March 12, 2024 /PRNewswire/ -- After more than 30x revenue growth in 2023, Prescient AI, a pioneer in AI-powered media measurement and optimization, has raised $10M in Series A funding led by Headline and CEAS Investments. Brands like GOOD AMERICAN, HexClad, Cozy Earth, and Nood, that use the Prescient AI platform to predict profitability and maximize revenue generated by advertising campaigns, have increased return on ad spend (ROAS) by an average of 20%. Previous investors Blumberg Capital and Focal VC also participated in the round.

Key Points:

Brands like GOOD AMERICAN, HexClad, Cozy Earth, and Nood, that use the Prescient AI platform to predict profitability and maximize revenue generated by advertising campaigns, have increased return on ad spend (ROAS) by an average of 20% .
These models are specifically tailored for each individual brand to attribute all of the omnichannel revenue across the entire media mix.
Prescient AI also forecasts the outcome of future spend with rigorous backtesting techniques to provide accuracy and confidence scores with each recommendation on the platform.
"Prescient AI has proven its advanced AI solutions will consistently deliver accurate results and recommendations that brands can trust.

Pontera Raises $60 Million to Help US Workers Retire Better

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星期四, 十二月 7, 2023

Social Security, Lightspeed Venture Partners, Investment, ISO, Growth, Savant syndrome, Retirement, General partnership, Ironwood, ICONIQ, Dynasty, Collaborative Fund, Blumberg Capital, SOC, Knowledge, Government, Financial adviser

NEW YORK, Dec. 7, 2023 /PRNewswire/ -- Pontera, the fintech company enabling 401(k) participants to receive comprehensive wealth management services by personal financial advisors, has secured $60 million in a funding round led by ICONIQ Growth. This investment raises Pontera's total funding to $160 million, reinforcing its commitment to address the widespread neglect of workplace retirement accounts held by 85 million Americans—a critical element of the U.S. retirement crisis.

Key Points:

This investment raises Pontera's total funding to $160 million, reinforcing its commitment to address the widespread neglect of workplace retirement accounts held by 85 million Americans —a critical element of the U.S. retirement crisis.
Pontera welcomed ICONIQ Growth as a new investor in an up round with additional participation from prior investors.
"We are proud to support the Pontera team as they empower advisors to help their clients feel more financially secure and retire with greater wealth," said Yoonkee Sull , General Partner at ICONIQ Growth.
However, as over one third of workers seek professional help, financial advisors have historically struggled to manage the entirety of clients' retirement assets.

Myrror Security Emerges from Stealth with $6M Seed Round to Prevent Attacks on the Software Development Process with AI-Backed Binary-to-Source Analysis Technology

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星期二, 十一月 7, 2023

Function, SCA, Software development process, Open-source software, TEL, Organization, SolarWinds, Engineering, Software, Blumberg Capital, Risk, Noise, Pain, SDLC, Risk management, Medical device

TEL AVIV, Israel, Nov. 7, 2023 /PRNewswire/ -- Myrror Security, a pioneer in application security for organizations using open-source packages, launched today with $6M in seed funding from Blumberg Capital and Entrée Capital to secure enterprises' SDLC (Software Development Life Cycle) process amid a growing wave of software supply chain attacks exploiting open-source dependencies and CI/CD pipelines. The funds will enable the company to expand its product capabilities and scale its go-to-market distribution channels.

Key Points:

Four years after the first high-magnitude SolarWinds attack, the rate of software supply chain attacks is rapidly growing, with a 740% increase in OSS (Open Source Software) supply chain attacks in 2022 alone.
Myrror Security also provides comprehensive mitigation plans to ensure companies can quickly and effectively remediate the risk.
Myrror Security has the team and technology to lead the industry toward end-to-end software integrity by enabling risk prioritization, attack detection, and mitigation plans in a single platform.
"Myrror Security addresses this pain by looking to the root of the SDLC security challenge with a pioneering binary-to-source analysis solution that is way ahead of the market."

PerfectScale Secures $7.1M Investment Round to Revolutionize Kubernetes Optimization

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星期二, 十月 3, 2023

The key to success lies in mastering Day 2 Kubernetes operations, where optimizing costs and performance emerges as a pivotal focus.

Key Points:

The key to success lies in mastering Day 2 Kubernetes operations, where optimizing costs and performance emerges as a pivotal focus.
PerfectScale's Autonomous Kubernetes Optimization and Governance Platform streamlines Day 2 operations by empowering teams to take control of their Kubernetes environments.
This will start by revolutionizing and simplifying Day-2 Kubernetes operations to directly target the performance, resource optimization and cost control challenges impacting organizations.
The new funding round will help augment Kubernetes optimization on a global scale.

Payment Transaction Fraud Among Key Risks to Business Operations – and Reputation

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星期三, 九月 27, 2023

Key findings included that 88% said their organizations had at least one payment transaction fraud in the past two years, while 76% of respondents say it took more than a month to more than a year to discover and remediate these incidents.

Key Points:

Key findings included that 88% said their organizations had at least one payment transaction fraud in the past two years, while 76% of respondents say it took more than a month to more than a year to discover and remediate these incidents.
Beyond losing capital, the number one negative consequence following a fraud incident is reputational damage with business partners and consumers, with 60% of survey respondents reporting a hit to their reputation and brand.
Transaction fraud not only affects the financial well-being of businesses, but also damages their reputation, erodes public confidence, and can result in costly regulatory scrutiny.
Additionally, recovering from fraud requires significant time and resources that could otherwise be allocated toward growing the business.

SQream, the provider of GPU Accelerated Data and Analytics Software Solutions, Raises $45M in Series C Investment

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星期二, 九月 12, 2023

TEL AVIV, Israel, Sept. 12, 2023 /PRNewswire/ -- SQream, the data & analytics accelerator company built for big data and AI/ML workloads, announced today the successful completion of a $45 million Series C financing round. The round was led by World Trade Ventures, with participation from new and current investors, including Schusterman Investments, George Kaiser Foundation (Atento), Icon Continuity Fund, Blumberg Capital, and Freddy & Helen Holdings. The latest round will be utilized to further expand the company's presence in North America, extend its strategic partnerships and propel advancements in AI/ML enterprise capabilities and big data analytics.

Key Points:

The latest round will be utilized to further expand the company's presence in North America, extend its strategic partnerships and propel advancements in AI/ML enterprise capabilities and big data analytics.
The industry is witnessing firsthand that legacy data infrastructure cannot keep up with the demand of current analytics projects.
Until now, the only option was to make disproportional investments in hardware and compute resources to get necessary insights.
SQream's patented GPU technology complements almost any data architecture to augment compute power and analytics velocity, breaking through barriers that have hindered analytics success to date while minimizing cost.