Led by Iron Pillar, the round saw participation from Uncorrelated Ventures, Nexus Venture Partners, Chiratae Ventures, Next47 and prominent angel investors.

SAN JOSE, Calif. and CHENNAI, India, May 3, 2023 — Supply chain software leader, Pando, today announced its Series B funding of $30 million, bringing total capital raised so far, to $45 million. The round was led by marquee Silicon Valley investors Iron Pillar and Uncorrelated Ventures, with participation from existing investors Nexus Venture Partners, Chiratae Ventures and Next47. Several prominent American CEOs and angel investors also participated in this round including David Dorman, Chairman of CVS Health and Director on the Boards of Dell and Paypal, Tom Noonan, Director on the Boards of New York Stock Exchange and SalesLoft, Scott Kirk of Bain Capital, Paul Brown of Dunkin’, Baskin-Robbins and Neiman Marcus, Nick Mehta of Gainsight, and Amar Goel of Pubmatic. The fresh funds will be used to drive Pando’s growth across geographies and industries.

In the last few years, supply chain disruptions have peaked, hindering business growth and consumers’ access to quality products. According to a recent Deloitte survey, over 70% of manufacturing executives reported that their companies have been impacted by supply chain disruptions in the past year, with 90% of those companies experiencing increased costs and declining productivity. With global enterprises investing in supply chain technology to improve agility, efficiency and resilience, the logistics tech market is estimated to grow to $25 billion by 2025. Pando is well-positioned to ride this growth wave, and drive supply chain agility for the 2030 economy.

Investors see Pando’s platform as critical in the modern supply chain toolkit to bring innovation and resilience to the industry. Mohanjit Jolly, Partner at Iron Pillar who led the Series B, believes that Pando is uniquely positioned to be a global leader in this growing category. “The Logistics Tech market is ripe for disruption – there is high demand caused by volatility, legacy competition that is trying to catch up and a trend towards bundling point solutions. Pando addresses the problem holistically and, with its world-class talent in India and the US, takes a global view to IP-led product development. Their growth with multiple Fortune 500 companies is testimony to the quality of the product and management team, but their focus on building a large long-term business is what got us excited to partner with Abhijeet and Nitin. Iron Pillar is eager to leverage its global network of customers, partners, strategic capital and more to help accelerate Pando’s journey.”

Pando’s recently launched Fulfillment Cloud is a ‘single pane of glass’ to streamline the end-to-end order-to-fulfillment process of manufacturers, distributors, retailers, and 3PLs. This AI-powered, no-code platform for collaborative fulfillment has proven itself globally, improving service levels, and reducing carbon footprint and costs for several Fortune 500 enterprises such as Johnson & Johnson, Procter & Gamble, Nestle, Nivea, Accuride, Danaher, Perfetti Van Melle, and BP Castrol.

“Pando’s Fulfillment Cloud has been proven across several industries in the last few years, with strong revenue growth, marquee customer logos, high CSATs, and a fully built-out enterprise-grade platform. Pando is now expanding into new industries and geographies, especially the US.” said Abhishek Sharma, Managing Director at Nexus Venture Partners who seeded the company in 2018.

Parvesh Ghai, CRO – Asia Pacific, agrees, “Since Pando’s Series A in 2020, our revenue has grown 8x, and our customer base, 5x. We’re scaling our North America and Global business with marquee customer wins and a network of strong partners.” John Zimmerman, CRO – North America & Europe, adds, “Many large companies in North America and Europe are consolidating their supply chain technology from siloed point solutions to unified platforms, and in-sourcing their logistics from 3PLs. Pando’s solution is timely – its end-to-end capabilities and quantifiable value-driven success stories with marquee global brands is driving significant traction in the US market, where supply chain leaders are clamouring for change.”

“Most of the brands we love and live with are weighed down by legacy logistics tools that make their products less affordable, accessible and eco-friendly. Pando’s platform allows these brands to automate manual processes, modernize legacy systems and plug the gaps between tools without multi-year transformations, delivering change here and now,” said Nitin Jayakrishnan, Pando’s CEO.

Pando’s CTO, Abhijeet Manohar, said, “Whether we take HRMS, CRM, ITSM or SCM – ultimately, enterprise processes are data problems. Enterprises are struggling to piece together a comprehensive view of their supply chain. Just like how the world evolved from legacy applications to new-age cloud technology in these categories, supply chain software is evolving towards Pando.”

About Pando: 

Pando is a global leader in supply chain technology with its AI-powered, no-code Fulfillment Cloud platform. Pando’s Fulfillment Cloud provides manufacturers, retailers, and 3PLs with a single pane of glass to streamline the end-to-end order-to-fulfillment process to improve service levels and reduce carbon footprint and costs. As a partner of choice for Fortune 500 enterprises globally, with a presence across APAC and the US, Pando is recognized by Technology Pioneer by the World Economic Forum (WEF), and as one of the fastest-growing technology companies by Deloitte.

If you are embarking on digital transformation for your logistics operations, reach out to Pando at https://www.pando.ai.

SOURCE Pando

Fedi Building New “Federated Operating System” Category With Initial Rollout to Builder Community

AUSTIN, Texas, May 3, 2023 — Fedi, Inc., a U.S. based developer of community-empowering financial and data technology, announced today that it has raised $17 million in a Series A round of financing, and is set to pre-launch an Alpha version of Fedi for builders later this month.

CEO Obi Nwosu said: “We are excited that with so much interest in this round, we were able to select investors who are fully aligned on the future we are trying to create with Fedi, the world’s first federated operating system.”

Fedi aims to be the world’s first federated operating system. It will empower individuals to collaborate through “federations”—made up of friends, families, neighbours, nonprofit organisations, social clubs, businesses, conferences and other forms of community—to take control of their money, their data, and their digital lives while still protecting user privacy and autonomy. It provides a resilient, privacy-protecting, and simple way for people who don’t have access to or don’t trust centralised alternatives to secure and use their data and money.

Because Fedi is built on the open-source Fedimint protocol, it makes it easy for developers to build additional apps and modules to complement Fedi’s offerings and give more options to users.

“The Bitcoin community already knows the tremendous potential of the protocol,” Nwosu said. “But what’s most exciting about Fedi is that you don’t have to be an existing Bitcoiner, or even particularly tech-savvy, to quickly start using this to solve real problems within your community.”

The financing round was led by Ego Death Capital, with participation from TBD, part of Block, Kingsway, Trammell Venture Partners, and Timechain. The Series A brings the total amount raised by Fedi to $21.21 million. Earlier seed round investors included Ten 31, Hivemind, Steve Lee, and Recursive Capital. Fedi is led by CEO Nwosu, who co-founded the company with Eric Sirion and Justin Moon….[READ MORE]

About Fedi

Fedi aims to be the first federated operating system, and is also the name of the company building it. Fedi empowers people to collaborate within their communities to take control of their money, their data, and their digital lives while protecting user privacy and autonomy.

For more visit fedi.xyz/aboutus and fedi.xyz/series-a or contact [email protected]. 

SOURCE Fedi

LOS ANGELES, May 3, 2023 — Henry Rose, a genderless fine fragrance brand founded by Michelle Pfeiffer, announces a Series A investment led by Sandbridge Capital. The partnership marks the brand’s first external investment since its launch in 2019.

Henry Rose sets a new precedent for safety and transparency in fine fragrance by disclosing 100% of its ingredients. It was created based on the strictest and most comprehensive health, safety, and environmental standards set forth by two industry leading non-profit organizations, the Environmental Working Group (EWG) and Cradle to Cradle (C2C) Products Innovation Institute. It is the first and only fine fragrance to receive both distinctions of EWG Verified® and Cradle to Cradle Certified™.

Since launching with five fine fragrances via a direct-to-consumer model, Henry Rose has now grown to include 11 fine fragrances and multiple product categories, including home and body. The brand has experienced exceptional revenue growth, more than doubling its new customers year over year and building a loyal community that identifies with the brand’s mission. It has expanded into retail distribution with luxury beauty retailers including Credo, Neiman Marcus and Nordstrom.

This partnership will be leveraged to further grow Henry Rose’s retail distribution, expand its team, and fuel marketing efforts to increase brand awareness. Henry Rose recently tapped YARD NYC to develop the brand’s first major advertising campaign, set to be unveiled early this Summer. The campaign will debut with a billboard in Times Square, with additional rollouts planned across OOH and digital platforms.

“We are thrilled to partner with Michelle and her inspired Henry Rose team. There is a tangible groundswell among consumers for ingredient transparency paired with timeless storytelling across the clean beauty landscape,” said Ken Suslow, Founder and Managing Partner of Sandbridge Capital. “Michelle has thoughtfully captured this balance, artfully blending her pure mission-driven approach with a compellingly modern offering of best-in-class fine fragrances. We very much look forward to engaging our global brand building expertise in support of Henry Rose’s already impressive growth trajectory.”

“I founded Henry Rose based on my belief that we shouldn’t have to sacrifice quality for safety,” said Michelle Pfeiffer, Founder and Creative Director of Henry Rose. “We partnered with Ken and the Sandbridge Capital team not only for the expertise they provide as beauty industry investors, but also for their commitment to our brand’s mission. This partnership underscores our shared belief that greater transparency is the future and everyone has the right to know what’s in the products they use.”

“Over the past four years, Henry Rose has established itself as a disruptor in the beauty industry by challenging the status quo,” said Debi Theis, President of Henry Rose. “The brand’s evolution to date has been extremely intentional, so it was important to find a partner that would champion, rather than shy away from, our bold stance on ingredient transparency, safety, and sustainability. Ken immediately embraced our values as non-negotiables, and we are thrilled to usher in this next phase of brand growth together.”

The Sage Group served as financial advisor to Henry Rose.

For more information, please visit www.henryrose.com.

Press Contact:
Factory PR
[email protected]

About Henry Rose
Henry Rose operates on the belief that ingredient transparency is essential, and was founded to set a new precedent in fine fragrance by disclosing 100% of its ingredients. Henry Rose creates complex and evocative genderless scent experiences based on the strictest and most comprehensive health, safety and environmental standards set forth by two industry leading non-profit organizations, the Environmental Working Group (EWG) and Cradle to Cradle (C2C) Products Innovation Institute. It is the first and only fine fragrance to receive both distinctions of EWG Verified® and Cradle to Cradle Certified™.

About Sandbridge Capital
Sandbridge Capital is a private investment firm with offices in Los Angeles and New York that invests exclusively in high growth global consumer brands, including ILIA, Youth to the People, Thom Browne, Peach & Lily, U Beauty, Farfetch and Rossignol. Since its founding with the backing of an iconic group of consumer industry operators and advisors, Sandbridge has been strategically partnering with brands in the beauty, luxury, health and wellness, and disruptive consumer-based technology segments. For more information on Sandbridge, please visit http://www.sandbridgecap.com.

SOURCE Henry Rose

The investment is set to accelerate U.S. adoption of its smartphone-powered kidney test following a landmark FDA clearance, enabling 75 million Americans at risk of chronic kidney disease to test at-home

BOSTON , May 3, 2023 — Healthy.io, the global leader in transforming the smartphone camera into a clinical-grade device, today announced that it completed a $50 million investment. This Series D funding round is led by Schusterman Family Investments and is joined by Aleph and other existing shareholders. This investment, together with a previously unannounced $45 million February 2022 investment, comprise the company’s Series D. The company has seen increased commercial traction in the United States since July 2022, when it became the first and only company to offer an FDA-cleared smartphone-powered, at-home kidney test.

The recent investment will support Healthy.io‘s expansion across the U.S. market, where Minuteful Kidney™, the company’s clinical-grade kidney test and patient engagement service, has met increased demand from leading health plans, health systems, and kidney care management groups.

As rates of diabetes and hypertension continue to rise across the U.S., more Americans are at risk for chronic kidney disease (CKD) but are otherwise untested and unmanaged. CKD is a leading cause of death in the country. Known as a “silent killer,” 90% of the 37 million Americans who have the disease – which disproportionately impacts underserved communities – don’t know they have it and often progress to having late-stage CKD or needing dialysis treatments. 

Barriers such as a lack of awareness and transportation challenges prevent at-risk Americans from completing recommended testing, a urine albumin-creatinine ratio (uACR) test, that can detect kidney damage. 75 million Americans are recommended to complete uACR testing, yet 80% do not.

This has made Healthy.io‘s clinical grade, at-home test solution a desired component in health plans’ kidney management programs. In tests of over 250,000 patients in the U.S. and the U.K., the solution has demonstrated unprecedentedly high adherence rates of up to 50% among previously untested populations. Promoting early diagnosis of CKD can also drastically reduce the skyrocketing costs associated with CKD, which currently costs Medicare $124 billion a year.

“Our mission has always been clear: to improve the lives of patients by delivering clinical grade testing at the speed of life. By reducing barriers to essential diagnostic tests, Minuteful Kidney can reduce healthcare costs, create clinical value for providers and help prevent patients of all socioeconomic backgrounds avoid costly and disruptive kidney disease treatments. In the process, we can make health care more accessible and equitable, while providing a game changing solution to one the biggest cost-drivers in healthcare. During these turbulent times, we are grateful to our investors for believing in our company, trusting our capabilities, and getting us one step closer to that goal,” said Yonatan Adiri, CEO and founder of Healthy.io.

The medical-grade innovation is a rare example of technology receiving regulatory approval across all current iOS and Android devices. Now patients can conduct the test at home at clinical grade with immediate results provided to the patient and their primary care provider.

Alongside its urinalysis services, Healthy.io also developed novel computer vision and smartphone-enabled wound image technology to digitize the management of chronic wounds. It partners with leading health groups in the U.S. and U.K. to allow clinicians to monitor their patients remotely. Providing clinicians with timely and valuable information and a visual record of the wound over time significantly lowers the risk of deterioration and amputations. 

ABOUT HEALTHY.IO

Healthy.io is a global leader in transforming the smartphone camera into a medical device. The company’s at-home urinalysis services enable providers and healthcare systems to reach high-risk, previously untested members and help close care gaps. Healthy.io partners with leading health insurers and providers to integrate Minuteful Kidney™ in their kidney management programs. Minuteful Kidney™ is marketed commercially across the United States and the United Kingdom and is the first and only FDA-cleared, smartphone-powered, at-home kidney test that allows patients to take the test in the privacy of their homes and receive immediate clinical-grade results. The service removes the barriers associated with traditional lab testing and averts the road to dialysis. Healthy.io has offices in Boston, London, and Tel Aviv.

Media contact:

Damien LaVera

[email protected]

Logo: https://mma.prnewswire.com/media/1856865/Healthy_io_logo.jpg

SOURCE Healthy.io

BOSTON and LONDON, May 3, 2023 — Novidea, creator of the born-in-the-cloud, data-driven platform optimizing the entire insurance policy and distribution lifecycle, today announced that it has raised $50 Million in Series C funding. The funding round was led by Battery Ventures with participation from Cross Creek, both new investors, and the company’s existing investors, Israel Growth Partners (IGP), KT Squared, and JAL Ventures. To date, Novidea has raised $90 Million.

In recent years, the company has experienced hyper-growth, selling to insurance leaders across the globe. Novidea will leverage the investment to continue its journey to becoming an industry leader and increase international market share. Specifically, funds will go to the further development of its cloud-based, data-driven insurance platform, fortification of its customer success infrastructure, and expansion of teams and offices across all target markets in the US, UK, EMEA, and APAC.

Digital transformation is one of the most urgent pain points faced by insurance agents, brokers, MGAs, and carriers in every major market. Historically, the insurance market has been slow to evolve due to legacy systems that are expensive to scale, siloed data, and limited access to real-time management information. Novidea’s insurance platform enables insurance agents, brokers, and MGAs to automate repetitive processes, drive operational efficiencies, and increase business resilience to stay competitive and provide a better customer experience.

“While businesses globally adjust to dealing with a pronounced increase in risk—driven by geopolitical, economic, and other events—the insurance industry has generally been underserved by technology relative to other sectors,” said Shiran Shalev, Partner at Battery Ventures. “Novidea has built a modern, comprehensive software suite which currently powers some of the world’s largest and most complex insurance groups, and we are excited to partner with them for their next phase of growth.”

Shalev will join the Board of Directors at Novidea.

“Novidea has experienced unprecedented growth, driven by the demand in global markets to modernize the insurance distribution lifecycle and provide a better digital experience,” said Roi Agababa, CEO of Novidea. “We are thrilled to welcome Battery Ventures and Cross Creek as our newest partners in this round of funding, along with our existing investors. Through this transaction, Novidea will have the ability to expand our product suite, add further innovation to our platform, and deliver superior customer experience.”

In 2022, Novidea reported:

• 90% Year Over Year (YoY) growth rate.
• Net Revenue Retention (NRR) rate of 139%.
• Expansion of employee headcount in all key regions where it does business, including US, UK and EMEA.
• Bolstering of its overseas research and development (R&D) teams.
• Investment in global customer-success infrastructure to streamline service delivery in all regions.
• Expansion of its senior leadership team with multiple strategic hires in marketing, HR, finance, customer success, and technology.

Advising on legal matters around the transaction were law firms Pearl Cohen for Novidea and Meitar for Battery Ventures.

About Novidea

Novidea is the leading Insurtech provider of a cloud-native, data-driven insurance management system. Using an open API architecture, Novidea’s software platform enables brokers, agents, MGAs, and carriers to modernize and manage the customer insurance journey, end-to-end, and drive growth across the entire insurance distribution lifecycle.The Novidea platform, built to leverage the power of Salesforce’s Big Technology, provides a complete ecosystem spanning every aspect of an insurance business, including a 360-degree view of the customer and all stakeholders, an integrated customer-facing policy transactions, and the middle and back office. Brokers, agencies, and MGAs extract more value from their customer and policy data with actionable intelligence from any device, anywhere. Novidea supports more than 100 customers across 22 countries.

For more information, please go to: www.novidea.com

Logo – https://mma.prnewswire.com/media/1844420/4013780/logo_novidea_new.jpg

SOURCE Novidea

NEW HAVEN, Conn., May 3, 2023 — Invown, an SEC-registered Funding Portal initially focused on real estate, is expanding its cost effective Regulation Crowdfunding (Reg CF), Regulation D, and Regulation A fundraising platform, previously only available to real estate sponsors, to businesses and startups across all industries. Invown is also innovating on the crowdfunding business model and will offer affordable monthly subscriptions to its crowdfunding platform and legal documents while reducing commission-based fees to as low as 1.5% – a significant drop from the industry standard 5-8%.

This move stems from the belief that businesses with a supportive community willing to invest should have access to an affordable capital raising solution. By offering comprehensive regulatory, legal, financial, and technological support throughout the fundraising process, Invown aims to simplify the experience and lower fundraising costs for entrepreneurs.

Invown’s founder and CEO, Levi Brackman, said, “We observed that the current model was flawed when we tried to raise funds ourselves on other portals. In addition to marketing costs, companies must pay up to 8% of the funds raised to funding portals and broker-dealers – a bad deal for both entrepreneurs and investors. We decided to extend our affordable and innovative pricing to any company looking to raise funds from the crowd. We’re excited and proud to be part of the solution for entrepreneurs.”

Invown’s new platform will serve as a one-stop-shop solution for businesses, holistically addressing fundraising campaigns’ legal, financial, and technological aspects. The company’s two-sided marketplace empowers issuers to raise funds on their own terms while offering wealth-building opportunities for accredited and non-accredited investors alike.

About Invown

Invown is an SEC-registered Funding Portal that simplifies fundraising under Regulation Crowdfunding, Regulation D, and Regulation A offerings. By providing a one-stop-shop solution for legal, financial, and technological support, Invown enables businesses to focus on growth while ensuring compliance with industry regulations. For more information, visit www.invown.com or contact:

SOURCE Invown

New venture investment group will focus on supply chain logistics technology innovation.

KENT, Wash., May 3, 2023 — Today, Holman Logistics (holmanusa.com) announced the formation of Holman Logistics Ventures LLC, an entity established to identify and make venture-level investments into early-stage companies in the logistics technology space.

“We want Holman Logistics to continue to be a place where people can learn and improve themselves, and we also recognize that bringing the best in technology can help us maintain our best-in-class safety and productivity metrics,” stated Holman President Brien Downie.

Among the initial investments by Holman Logistics Ventures LLC is the venture capital-backed technology company Fulfilld (fulfilld.io). Fulfilld intelligent warehousing software applies Artificial Intelligence (AI) and Machine Learning (ML) to optimize core warehousing operations, driving tangible efficiency gain. The technology represents the first WMS to be built from the ground up with AI and ML integral to the architecture, location-awareness, and connected systems orchestration.

WMS is the critical software for operating a distribution center, directing where the product is stored in the facility, deciding where to pull product from for outbound orders, and directing all of that to the right machine at the right time, whether that machine is operated by computer Automated Guided Vehicles (AGV) or Autonomous Mobile Vehicles (AMR) or by a person using Material Handling Equipment (MHE).

“There are significant opportunities to combine human creativity with the innovation we are developing within Fulfilld,” commented Yosh Eisbart, Fulfilld CEO and Co-Founder. “We believe that the Holman Logistics Ventures investment is meaningful given the Holman position as a leading third-party logistics (3PL) organization. Their investment provides further confidence and a proof-point that what we are building is significant.”

Downie concluded, “In the years ahead, we are excited to explore the Fulfilld applications in our logistics operations and have already begun exploring where to deploy Fulfilld for greater warehousing optimization. Making Holman a more attractive place for our customers ultimately helps us live out our Core Values internally and deliver on our Brand Promise to deliver Extraordinary Service.“

About Holman Logistics

Holman has a long history of continuous operation since its founding in 1864. Today, Holman provides logistics support, including warehousing, manufacturing logistics, omnichannel fulfillment, and transportation services for customers in the business-to-business and business-to-consumer marketplace. In addition, Holman provides services for multi-client and dedicated accounts at Holman-owned and customer locations across the United States. More information is available at holmanusa.com.

About Fulfilld

Fulfilld is a new generation of warehouse management software driving real-world warehousing efficiency gain. Fulfilld optimizes warehousing operations by reducing wasted warehouse worker activity by 40%, improving inventory accuracy by 24%, optimizing product placement (slotting) by 18%, and improving warehouse worker productivity by 80%. Via patent-pending location-awareness digital-twin innovation, AI/ML-powered system-driven Ops optimization, integrated Fulfilld handheld scanners, and holistic orchestration capabilities of system-directed tasking between human and connected systems (robots, ASRS, vehicles, etc.), Fulfilld makes your warehousing run better.

Media Contact
BDYPR
913-814-8638
[email protected]

SOURCE Holman Logistics

Carrot Ventures Launches Cellar Insights Inc. Remote Monitoring and Intelligence Platform for Potato Storage Management

CALGARY, AB, May 3, 2023 — Carrot Ventures is pleased to announce the launch of Cellar Insights. It is the second company emerging from Carrot’s AgTech company formation model.  

“We’re extremely pleased to be launching Cellar Insights,” says Martin Vetter, a venture partner with Carrot. “Reducing food loss and optimizing the quality of crops post-harvest is an issue of worldwide importance. Potatoes are the world’s third most important food crop, produced in over 100 countries. It is an essential and nutritious food staple, which has led to soaring cultivation rates in India and China. In North America, production value exceeds $4 billion annually, with retail sales approaching $14 billion. Unfortunately, potatoes and other root crops – such as carrots and onions – experience significant losses during storage. Effective storage management practices are vital, and we believe Cellar Insights offers a compelling solution.”

Cellar Insights is a Canadian AgTech startup built around a sophisticated suite of sensors and cloud-based algorithms that remotely monitor potato health in long-term storage. The solution includes predictive models and offers management insights to optimize returns.   

Millions of potatoes get stored for up to 11 months in massive climate-controlled facilities. During such long storage periods, farmers face an escalating risk of loss due to shrinkage, reductions in quality, disease, sprouting or spoilage.

Potato storage practices vary widely in levels of sophistication globally, and losses can be as high as 10 to 25 percent. Cellar Insights aims to offer farmers a reliable tool for remotely monitoring and managing the health and value of their stored root crops.

Recruiting the right person to lead the venture is core to the Carrot Ventures model. For Cellar Insights, that person is Terry Sydoryk, who has assumed the role of Founder and CEO.

Terry shared that, “Leading Cellar Insights is an exciting opportunity for me.  Starting out with a vetted technology, a global market opportunity and a committed lead investor is very compelling. The Carrot investment model and their involvement will accelerate our path to market considerably.”

Terry has over 30 years of leadership experience in the technology industry, with 20 years focused on company creation and early-stage company growth. As a founding member of the A100, Terry frequently serves as an advisor, board member or angel investor. Most recently, he held the CEO role for Chaordix until it was acquired by Benevity.

Cellar Insights will commence its path to commercialization immediately, including recruiting farmers and potato processors to participate in field trials this year. Interested parties in the US and Canada should contact Terry Sydoryk for details.

About Carrot Ventures Fund I, LP
Carrot Ventures is a Canadian venture capital fund that creates new companies to commercialize early-stage agricultural technologies. Carrot offers a path forward for strong technologies which otherwise have no clear path to market, with a goal of significant value creation for all stakeholders.

The fund is a partnership between AVAC Group and Farm Credit Canada. Learn more. 

About Cellar Insights Inc.
Cellar Insights offers a sophisticated suite of sensors for remote health monitoring and management of stored root crops. The initial focus is on potatoes, but there is broad applicability to other high-value root crops. Learn more.

Media Contacts

Martin Vetter                                                                                                Terry Sydoryk 
Venture Partner                                                                                  Founder and CEO 
Carrot Ventures                                                                                   Cellar Insights
www.carrotventures.com                                                                  Website
1.403.274.2774 ext 225                                                                        1.403.681.0934
[email protected]                                                                      [email protected]

SOURCE Carrot Ventures

Aiden Enables Companies to Overcome Obstacles for Adopting Microsoft Modern Workplace; Dramatically Improves Cybersecurity Posture of Windows-Based Organizations

MCKINNEY, Texas, May 3, 2023 — Aiden Technologies, the provider of modern, intelligent software packaging and deployment for Microsoft Windows, has secured $4.5 million in its second round of seed funding. The co-lead investors in this round of funding are Right Side Capital Management and Blu Venture Investors. Right Side was also the largest investor in Aiden’s initial round of funding in 2021, when it raised its initial $2.9 million seed funding.

“We are excited at the incredible growth potential for Aiden and have seen first-hand what a game-changer the company is for organizations running on Windows and struggling with the complex process of fully adopting tools for endpoint management,” said Dave Lambert, Managing Director of Right Side Capital Management. “Customers of Aiden are able to deploy and maintain Microsoft computers far more successfully, overcoming frustrating challenges and needless complexity that bogs-down so many attempts at full-scale implementation of Microsoft Modern Workplace.”

“Aiden has a dramatic impact on the cybersecurity posture of organizations that rely on Windows. It provides true automation for proactively identifying and patching vulnerabilities—doing so much more quickly, effectively, and efficiently than the processes companies use today,” said Bikram Bakshi, Partner at Blu Venture Investors. “This should be a foundational part of the security strategy for organizations in industries that extensively use Windows, including financial services, healthcare, life sciences, manufacturing, and legal, as well as state and federal government.”

“Aiden is revolutionizing the way software is packaged and deployed in the Windows ecosystem—solving a long list of pain points for IT teams, reducing risk, and greatly improving end-user experience with technology. We have taken major steps over the past three years, and our solution is already delivering significant ROI for customers across multiple industries,” said Josh Aaron, CEO of Aiden. “We will soon take an even bigger leap by delivering major advancements in our solution that make it nearly effortless for Windows-based organizations to be successful and secure with Microsoft Modern Management, Intune & SCCM, and eliminate the need for third-party software deployment tools.” 

Aiden’s customers include some of the largest asset managers in the private equity industry, hedge funds, law firms, and leaders in other vertical industries that rely on Windows. These companies have saved millions of dollars, significantly reduced downtime, strengthened their cybersecurity posture, and freed up skilled IT engineers to focus on their priorities rather than tedious maintenance. For customer case studies illustrating the remarkable impact of Aiden, please visit: https://www.meetaiden.com/resources/case-studies/

Meet Aiden
Aiden is a leading provider of IT automation solutions, offering intelligent packaging and software deployment for Windows environments. Aiden couples deep expertise in Microsoft Modern Management with a powerful AI bot, ensuring that computers get exactly the software they’re supposed to have and nothing else…or, as we like to call it, “Desired State Configuration” (DSC). Building machines, deploying software, and applying patches are tedious tasks on every IT to-do list. Now, these activities don’t need to be a drain on skilled resources or morale. Through hyperautomation and artificial intelligence (AI), Aiden makes scaling IT operations painless. Aiden keeps computers up to date, reduces security risks, and improves the digital end-user experience. For more information, visit meetaiden.com and follow us on Twitter at @meetaidentech.

Media Contact 
Rich Miller 
Miller Strategic Communications for Aiden
(303) 877-3966
[email protected] 

SOURCE Aiden Technologies, Inc.