MOUNTAIN VIEW, Calif., July 11, 2023 — Smartlens, Inc., a clinical-stage ophthalmic technology company, has closed an oversubscribed $6.1M Series A equity financing round to advance regulatory clearance for miLens, a novel, electronics-free, soft contact lens for monitoring diurnal intraocular pressure (IOP).

The funding round was led by Ambit Health Ventures, joined by Stanford University, Graphene Ventures, Sophia Innovation Capital, Plaisance Capital Management, 3E Bioventures, Boutique Venture Partners and Wilson Sonsini Investments alongside doctors, industry veterans and key opinion leaders.

At the 2023 American Glaucoma Society Annual Meeting, the Company revealed remarkable clinical results for miLens. This groundbreaking device, the first of its kind, is an electronics free soft contact lens that uses microfluidics technology. It enables monitoring of intraocular pressure (IOP) outside of clinical settings for individuals with glaucoma and ocular hypertension. This development has the potential to revolutionize clinical decision-making by providing previously unattainable data, allowing for personalized treatment and early detection of glaucoma patients. From early diagnosis to comprehensive disease management, the utilization of this data can help prevent progression, while also offering tailored treatments for individuals at various stages of glaucoma. miLens represents a decade-long, multi-disciplinary team effort to address a significant and unmet clinical need.

Savas Komban, CEO of Smartlens Inc., said, “We are thrilled with the outstanding participation in our Series A, which will bring miLens one step closer to transforming glaucoma care. We would like to thank our partners for their valuable support in our mission. Understanding the true nature of the disease in each patient throughout the day will allow proactive and well-informed clinical decisions. These decisions will play a vital role in preventing irreversible blindness for millions of glaucoma patients worldwide.”

Sam Goldberger MD, MBA Co-Founder and Managing Partner of Ambit Health Ventures said, “This technology is of the utmost importance in comprehending glaucoma and the daily fluctuations in intraocular pressure (IOP). Its implementation will enable physicians to enhance glaucoma treatment and mitigate the risk of permanent vision loss. Ambit Health Ventures takes great pride in being involved with this innovative technology.”

Glaucoma is a group of chronic eye diseases and is the leading cause of irreversible blindness. Elevated IOP is the primary and only treatable risk factor for this condition. According to the World Health Organization (WHO), it is estimated that more than 50% of people with glaucoma are undiagnosed, with over 76 million people suffering from the disease worldwide. This number is expected to increase to 111.8 million by the year 2040.

About miLens

miLens offers a novel, non-invasive way to monitor IOP in glaucoma and ocular hypertension patients. It has the potential to improve clinical decision-making from diagnosis to the severe stages of the disease by helping to enable personalized treatments, monitoring treatment efficacy, and tracking patient compliance over time to prevent progression and irreversible vision loss. Designed as an electronics-free, soft contact lens, miLens is the smallest wearable microfluidic device available.

About Smartlens, Inc.

Smartlens, Inc. is an ophthalmic technology company specializing in developing innovative solutions for diagnosing and treating chronic eye diseases. With a strong focus on addressing unmet needs in ophthalmology, the company’s pipeline includes cutting-edge technologies that will facilitate improved clinical decision-making while also paving the way for a new generation of therapies. For further information, please visit www.smartlens.health.

About Ambit Health Ventures

Ambit Health Ventures is a healthcare innovation venture capital firm specializing in early-stage digital health investments. Our leadership team brings a wealth of experience in these sectors, enabling us to drive positive change in the healthcare industry. We are dedicated to improving healthcare by supporting innovative solutions developed by our portfolio companies, all while delivering strong financial returns to our investors.

For inquiries, please contact [email protected]

SOURCE Smartlens, Inc.

The world of sustainable fuels, biomass and other waste-to-value asset classes is highly complex. As an early mover in the low-carbon infrastructure sector, Nexus PMG’s services business has supported more than 80 unique investors and has advised on over 500 unique infrastructure assets. With the new round of capital, Nexus PMG intends to expand its existing core service offerings including front-end engineering and design, development-as-a-service and operational turnaround. Nexus also leverages its deep knowledge in the space to develop greenfield and brownfield assets across North America, creating low-carbon (or even carbon-negative) products to reduce the emissions of tough-to-abate sectors like chemicals production and aviation.

“Nexus PMG’s strategy of consulting for, and directly developing in, the waste-to-value space is an attractive, high-growth proposition,” said Quinn Pasloske, a Principal at Greenbacker. “The transformation of our waste infrastructure and the production of low-carbon fuels is a critical component of the global energy transition, but the assets are challenging. Nexus PMG is well-equipped to assist clients in navigating those complexities while advancing its independent platforms and assets.”

Today, Nexus PMG serves upwards of 100 investors, developers and corporations that collectively have more than $300 billion of energy transition assets under management and more than $1 trillion of global assets under management. To date, Nexus PMG has supported various stages of development and execution on more than $35 billion worth of low-carbon infrastructure projects across 26 U.S. states, 13 countries and five continents. With a decade of deep knowledge and experience consulting on the design, bid and build side of low-carbon infrastructure, where Nexus PMG works closely with the owners and financiers of these projects, the company’s services business is primed for growth. In the next phase, Nexus PMG will hire additional talent and expand its offerings and client base, while continuing to tailor to industry needs.

“Green molecule infrastructure is rapidly advancing and is a critical component of the energy transition,” said Ryan Bisch, board member of Nexus. “Nexus is at the forefront of building and optimizing this type of infrastructure. The company can develop new assets and revitalize existing ones to produce cost-competitive molecules that can reduce or even eliminate harmful greenhouse gasses.”

Nexus PMG also develops assets through two separate subsidiaries: Nexus W2V, which focuses on converting organic waste streams into renewable natural gas, compost products and biochar; and Pathway Energy, which focuses on the production of ultra-low-carbon intensity sustainable aviation fuel by leveraging carbon sequestration. Both subsidiaries are developing greenfield infrastructure assets and expect to commercialize these assets over the next several years.

“Today, as corporations and investors strive to meet near- and long-term sustainability goals, we find that most have existing portfolio assets with a waste component that can be valorized,” said Ben Hubbard, CEO of Nexus PMG. “Helping corporates in those waste-to-value asset classes is essential to achieve our larger energy transition goals and now, as an institutionally backed firm, we’re looking forward to expanding our team to meet a growing demand for low-carbon infrastructure subject matter expertise.”

About Nexus PMG

Nexus PMG is the point where project finance, development and operations connect. The industry-leading firm focuses on providing world-class advisory services to infrastructure investors by delivering technical, operational and financial diligence on projects that reduce carbon intensity and enhance resource efficiency. Nexus PMG’s integrated business lines provide end-to-end services within each targeted sector including development; preliminary engineering; contract structuring; engineering, procurement and construction (EPC); commissioning and startup; operational readiness and process improvement. To learn more, visit http://nexuspmg.com.

About Greenbacker Capital Management

Greenbacker Capital Management LLC is an SEC-registered investment adviser that provides advisory and oversight services related to project development, acquisition, and operations in the renewable energy, energy efficiency, and sustainability industries. For more information, please visit https://greenbackercapital.com. 

Media Contacts
Mission Control for Nexus PMG
[email protected]

Greenbacker Capital Management
[email protected]com

SOURCE Nexus PMG

NEW YORK, July 11, 2023 — Prominent health and wellness founder and investor, Anne Mahlum, has strategically invested $150,000 in The Athletic Clubs (AC), a New York based fitness start-up that is a pioneer in ‘squad training’, a unique approach to group fitness. 

“You have to offer something unique and effective to be successful in the fitness space and the AC’s does this,” said Mahlum. “The fact that you sign up for a squad and work out with that specific group of people at the same time is something no one else is doing in the fitness space.”

This alliance is born out of Mahlum’s extensive knowledge of the fitness industry and her ability to spot innovative ventures and capable Founders that align with her mission of empowering individuals to achieve their health and wellness goals. Drawing upon her unmatched history of revolutionizing the fitness industry, Mahlum acknowledges the tremendous possibilities within The Athletic Clubs.

“We’re thrilled to have Anne’s partnership to help us expand not only in NYC, but in additional markets starting in 2024,” said Dane McCarthy, Founder and Owner of the AC’s. “We’re very effective at building community, which makes our model very sticky. In fact, our month to month-month-month retention of members has never dropped below 95%. That is something we are really proud of.”

The AC has three locations in NYC, each named after the neighborhoods they serve; West Village Athletic, Greenwich Village Athletic and Williamsburg Athletic. Squad sessions include a mix of strength and conditioning and members also have access to morning and evening run clubs, and classes focused on teaching resistance training. 

“Working out consistently with the same people is an organic way of getting to know people,” said Johnson, the Head of Operations of The Athletic Clubs. We have found that when members really know and like the people they train with it has a profound impact on their ability to stick with it and actually enjoy the process of staying fit and healthy“.

Research has found that the communal benefits of coming together with friends, and doing something difficult, while encouraging one another, pays dividends beyond exercising alone. A recent study observed that people who workout with friends had a 12.6% improvement in mental health, a 24.8% improvement in physical well-being, and a 26% improvement in emotional well-being, as well as 26.2% lower stress levels compared to people who train alone or with a group of strangers.

Media contact: Jenn Jimenez, [email protected]com

SOURCE The Athletic Clubs

Company committed to providing employment, growth opportunities to residents and small businesses as the company invests over $500M in a new office tower

MILWAUKEE, July 11, 2023 — Northwestern Mutual today announced the project team for its $500M investment in the modernization of its North Office Building located at 818 East Mason Street in downtown Milwaukee.

“We’ve assembled a team that strikes a wonderful balance of world-renowned talent and local expertise for the modernization of our North Office Building,” said Rebecca Villegas, vice president, compliance, at Northwestern Mutual. “Most of this team had the opportunity to work together to transform Milwaukee’s skyline through our Tower and Commons project, and we are excited to once again draw on their experience and expertise to double down on our commitment to Northwestern Mutual employees and to Milwaukee.”

Pickard Chilton and Kendall/Heaton will serve as the architectural team for the building. The team collaborated on the architectural design of Northwestern Mutual’s Tower and Commons.

“Collaborating with Northwestern Mutual again was an opportunity we couldn’t resist,” affirmed Jon Pickard, principal at Pickard Chilton. “We value the joint efforts with their leadership and project team, embarking on initiatives that drive economic benefits for the city, revitalize the neighborhood, and cultivate prospects for the people of Milwaukee.”

“There are so many bright minds around the table for this project,” said Pat Ankney, principal at Kendall/Heaton Architects. “By harnessing the collective insight and talent of this team, the design, architecture, construction, and build-out phases of this redevelopment are poised to deliver an exceptional companion to the Tower and Commons, reinforcing the concept of a truly remarkable urban campus for Northwestern Mutual.”

Gilbane Building Company, in partnership with CG Schmidt, will serve as the general contractor and construction manager; this is the same team who provided these services for the Tower and Commons.

“This project represents what the Gilbane and CG Schmidt team love most about the work we do,” said Alicia Dupies, Vice President of Gilbane Building Company’s Milwaukee office. “It is truly invigorating to collaborate with a remarkable organization on a project that goes well beyond bricks and mortar by promising enduring influence on a city we call home. We look forward to continuing this partnership and continuing to build capacity in workforce and business in our metro community.”

“It’s a privilege to collaborate with Northwestern Mutual once more in re-envisioning their downtown campus and fostering a thriving employee environment,” remarked Rick Schmidt, CEO and chairman of Milwaukee-based CG Schmidt. “We cherish the opportunity to leave an indelible mark on our city’s skyline and contribute to its continued evolution.”

Local architect firm EUA will provide interior design services.

“The landscape of offices and workspaces is constantly transforming,” expressed Rich Tennessen, CEO of EUA. “Through this redevelopment, Northwestern Mutual is poised to lead the charge in this dynamic evolution.”

Hines will serve as the project’s development manager and advise on all facets of the project from design and budget through construction and move-in.

“The Tower and Commons initiative showcased the remarkable potential that unfolds when a company is genuinely committed to local impact,” expressed Tom D’Arcy, senior managing director at Hines. “I am confident that this project will create a similarly powerful and positive impact in the community.”

Cross Management Services, a local business management company will proactively recruit small business enterprises (SBEs) and residents to be involved in the project. Northwestern Mutual has committed to use SBEs for at least 25 percent of construction and supply costs and at least 18 percent of professional services costs on the construction of the project. The company is also committed to utilizing unemployed and underemployed residents, pursuant to the City’s Residents Preference Program (RPP), for no less than 40 percent of total onsite construction “worker hours” expended on construction of the project.

“As we advance through the design phase, we eagerly anticipate the future and are confident in our exceptional team’s ability to transform and reinvent our North Office Building, enhancing our top-tier workplace and employee experience and underscoring our ongoing commitment to our hometown,” expressed Villegas.

Additional sub-contractors will be determined in the coming months. Project construction could begin as early as fall 2023, with potential occupancy in 2027.

To view current images of the North Office Building modernization, watch a fly-through video here.

About Northwestern Mutual 
Northwestern Mutual has been helping people and businesses achieve financial security for more than 165 years. Through a comprehensive planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what’s most important. With more than $558 billion of total assets being managed across the company’s institutional portfolio as well as retail investment client portfolios, nearly $35 billion in revenues, and $2.2 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than five million people with life, disability income and long-term care insurance, annuities, and brokerage and advisory services. Northwestern Mutual ranked 111 on the 2023 FORTUNE 500.

Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (investment brokerage services), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company^® (NMWMC) (investment advisory and services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance). Not all Northwestern Mutual representatives are advisors. Only those representatives with “Advisor” in their title or who otherwise disclose their status as an advisor of NMWMC are credentialed as NMWMC representatives to provide investment advisory services.

SOURCE Northwestern Mutual

DoD to evaluate Muon Space satellite data for operational use

MOUNTAIN VIEW, Calif., July 11, 2023 — Muon Space has been awarded an option to their contract with Air Force Life Cycle Management Center (AFLMC)’s Weather Systems Branch and the Defense Innovation Unit (DIU) to collect ionospheric data on their MuSat-2 satellite mission.  The performance period for this contract is two years extending through September 2024.  This is an optional expansion in scope to the original contract awarded to Muon Space in September 2022 to develop a space-based prototype for global weather sensing. 

“Muon Space is honored by the Air Force, Space Force and DIU’s belief in our capabilities to bring new insights to DoD weather and ionospheric models with new data to include soil moisture, ocean winds, and total electron content.  We’re excited to showcase the operational relevance of this commercial space dataset to the DoD,” said Muon Space CEO Jonny Dyer.

The Department of Defense (DoD) will evaluate the commercial data from Muon Space’s MuSat-2 satellite for operational use in weather forecasting, ionospheric modeling, impact applications and climate change assessments.  Data collected during this pilot will be made accessible for use in government-run Observing System Simulation Experiments (OSSEs) and to evaluate improvements to the USAF’s current and emerging suite of numerical weather prediction and AI/ML modeling.  The resultant data and interfaces from this effort will be compatible with the USAF’s Weather Virtual Private Cloud. 

About Muon Space: Founded in 2021, Muon Space is launching a new generation of smallsats and sensors to monitor Earth’s climate and ecosystems with unprecedented fidelity.  Muon Space’s state-of-the-art facility in the heart of Silicon Valley is optimized for manufacturing spacecraft and integrating payloads at scale. Regular launches began in June 2023, providing ever-increasing data sets addressing important geophysical and environmental applications and a platform to deliver new technologies to space. Muon Space’s experienced science and engineering teams are uniquely suited to deliver the most exquisite and reliable remote sensing solutions at the speed and scale required to address our most urgent climate challenges.

Effort sponsored by the U.S. Government under Other Transaction number FA8730-22-9-0007 between the COMPANY and the Government. The U.S. Government is authorized to reproduce and distribute reprints for Governmental purposes notwithstanding any copyright notation thereon.

The views and conclusions contained herein are those of the authors and should not be interpreted as necessarily representing the official policies or endorsements, either expressed or implied, of the U.S. Government.

SOURCE Muon Space

The deal, led by Hambro Perks who provided $3.8 million in the round, will continue to fuel Administrate’s rapid growth and further develop its platform to solve the unique challenges of mature enterprise training teams.

BOZEMAN, Mont., July 11, 2023 — Administrate, the leading enterprise training operations platform, announced today that it had raised $6.4 million from existing investors Archangels, Mercia, and the Scottish Investment Bank, and that it had welcomed Hambro Perks as a new capital partner. Funds will be deployed to support the company’s rapid growth and continue to meet the needs of its diverse and growing North American enterprise customer base.

The company, which was recently recognized as one of the fastest-growing tech companies in the UK by global tech and advisory firm GP Bullhound, provides a scheduling and logistics platform used by some of the biggest brands in the world to manage their complex global training operations. Customers typically experience an 80% reduction in manual activities after implementing the platform, and its new AI-powered scheduler has experienced accelerated customer demand in the last six months. Administrate is headquartered in Edinburgh, Scotland, with a USA office in Bozeman, Montana. 

The deal was led by Hambro Perks who specialize in supporting high-growth scale-up companies that focus on B2B SaaS.

“Backing Administrate was an easy decision,” said Usman Ali, Partner at Hambro Perks Growth Debt Fund. “Administrate is an innovative and rapidly expanding business that has continued to deliver double-digit growth within its enterprise customers segment in the last couple of years. Their platform is well suited to the needs of large corporations that operate in multiple geographies. We strongly believe that the business has tremendous growth potential and we look forward to seeing the business expand in the coming years.”

Niki McKenzie, Joint Managing Director at Archangels said, “With an impressive roster of customers on their books, this new funding package will allow the team to accelerate growth, particularly stateside, where they have seen significant growth among large multinational corporations. We’re looking forward to working closely with the team on this next exciting chapter of their story.”

“Our team has done an incredible job delivering for our customers,” said John Peebles, CEO of Administrate. “Our capital partners understand the unique opportunity ahead of us, and we’re excited to continue building on our success in a sustainable way. I’m proud of some of the key innovations we’re launching within our platform this year which include our AI-powered scheduler and significant improvements to our headless architecture strategy. These tools within our platform can transform training operations and drive significant ROI for our customers in unprecedented ways.”

About Administrate

Administrate is the premier learning technology platform designed to scale and manage the complexities of enterprise training. Organizations such as Royal Caribbean Group, Siemens Healthineers, and Maersk use the platform to automate manual processes, manage complex training schedules and logistics, and access business intelligence from previously untapped and siloed data. The company was founded in 2012 in Edinburgh, Scotland, and has offices in Bozeman, Montana. Administrate was recognized as a 2022 “Great Place to Work” in both the U.S. and U.K.

About Archangels:

Founded in 1992, Archangels is a leading business angel syndicate investing in early-stage Scottish life sciences and technology companies. Archangels comprise around 120 members and an eleven-strong board and executive team. There are currently 21 companies within the portfolio.

For further information on Archangels visit www.archangelsonline.com

About Hambro Perks:

Hambro Perks is a London-headquartered international investment firm focused on private investing. It partners with founders and entrepreneurs to support growth businesses at all stages of the investment cycle.

Hambro Perks has specialized and dedicated investment teams, working across a number of funds. In addition to their flagship Venture, EIS, co-investment and Growth Debt funds, Hambro Perks offers a number of specialist differentiated investment strategies, including Hambro Perks Environmental Technology, Special Situations, and Access, which invests in venture secondaries.

MEDIA CONTACT:
Candice Stokes
[email protected]
7067181143

SOURCE Administrate

NEW YORK, July 11, 2023 — Flagship, a revolutionary retail inventory planning platform, announced today that it has raised $5 million in seed funding led by global software investor Insight Partners. Dream Ventures, Essential Capital, Klemhurst, Future Archives, AUFI Ventures, and the Kleiner Perkins Scout Fund participated in the round along with several strategic angel investors. This investment underscores Flagship’s commitment to deliver pioneering, customer-focused, data-driven solutions to the retail sector. Flagship will use the funds to further accelerate their first product – an inventory cloud solution – and grow its customer base.

Utilizing advanced machine learning and AI models, Flagship provides predictive intelligence that retailers can use to optimize their inventory decisions. Flagship’s solution blends customer-level product feature-level data, allowing for more accurate demand prediction and smarter inventory management. Early customers include Athletic Propulsion Labs (APL), State & Liberty, Cariuma, Ministry of Supply, Public Rec, and more.

Adam & Ryan Goldston, Co-Founders of APL, the second largest independently owned athletic footwear brand in the world, remarked: “What sets Flagship apart is its dynamic and adaptable nature. The platform is an entire ecosystem that sheds light on the predictive reasoning behind inventory decisions, and then it allows us to manipulate inputs to change outputs. It doesn’t just tell us what inventory to stock; it shows us where we should be placing our bets.”

Flagship’s unique platform solves one of the most pressing issues in the retail industry — poor and unsophisticated inventory planning that costs brands and retailers millions each year. The company’s AI and machine learning-based platform has already shown promise in backtesting, with findings suggesting that improved inventory decisions could save brands in their target market between $40,000 to $150,000 per item from premature sell-outs alone.

“Understanding customer needs to inform inventory decision making is a universal desire for all brands. AI can help achieve this by bringing forward remarkable insights that support inventory optimization,” said Jeff Horing, Co-Founder and Managing Director at Insight Partners. “With its innovative inventory product, Flagship is uniquely positioned to empower retail brands to harness these capabilities at an unprecedented scale. Insight is thrilled to support Justin and the Flagship team, and we look forward to future applications that support business-wide decision making.”

Justin Abrams, Co-Founder and CEO of Flagship, said, “We are thrilled to partner with Insight Partners as we transform Flagship’s vision from blueprint to breakthrough. This funding enables us to bring on board the brightest minds in data science and engineering, in order to deliver an exceptional product experience with outsized ROI for our customers.” Haftan Eckholdt, Flagship’s Chief Technology Officer added: “Having built data science capabilities at Amazon, AIG, and Albertson’s, I’ve seen firsthand the transformative power of AI and machine learning on a company’s top-line and bottom-line revenue. I am excited to be leading the technology team at Flagship, where data science isn’t a function, it’s the business model.”

About Flagship
Flagship is a cutting-edge retail inventory planning platform that leverages advanced AI and machine learning models to provide predictive analytics for inventory decisions. By integrating multiple data streams and applying proprietary algorithms, Flagship helps brands and retailers optimize their inventory assortment, minimizing overstock and reducing lost sales due to understock. For more information on Flagship, visit flagshiprtl.com.

About Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2022, the firm has over $75B in regulatory assets under management. Insight Partners has invested in more than 750 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and Palo Alto. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with right-sized, right-time practical, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.

SOURCE Flagship

SAN FRANCISCO, July 11, 2023 — Puloli, an IoT Solutions-as-a-Service provider, is pleased to announce an investment by Artemis Energy Partners.  Bobby Tudor, the CEO and founder of Artemis Energy Partners has joined Puloli’s Board of Directors, offering invaluable insights, support, and thoughtful guidance.

With the launch of Paradigm M-Series™ IoT Solutions-as-a-Service (SaaS), a 24×7 continuous methane monitoring service for energy producers, Puloli is making a strong entry into energy verticals.  Artemis Energy Partners’ investment will enable the company to expand research and development capabilities, strengthen operational capacities, and provide strategic industry insights and market knowledge.

“Bobby brings a tremendous amount of credibility and energy industry insight to Puloli and complements what Jodi Jahic and Aligned Partners bring to Puloli.  From his tenure at his namesake investment banking firm, Tudor Pickering Holt & Co. (TPH), to his advocacy work at Greater Houston Partnership, Bobby has built a stellar reputation as a leader in the energy industry.  We welcome Bobby to Puloli and look forward to tapping into his vast knowledge and experience to rapidly expand Paradigm M-Series™ across all major energy-producing regions in the US,” said Kethees Ketheesan, CEO of Puloli.  “Bobby’s endorsement of Puloli solution will be a big boost in accelerating our growth.”

“It’s a true pleasure to welcome Bobby Tudor to the Puloli Board,” said Jodi Jahic, Managing Partner at Aligned Partners.  “Bobby’s expertise, experience, and reach in the energy world will significantly add to our growth.  Puloli is set to change the game in methane measurement and detection with its targeted, cost-effective, and scalable solutions.  I look forward to working with Bobby and Kethees on the continued success of Puloli.”

“I’m very pleased and excited to be a part of the Puloli team,” said Bobby Tudor.  “The Energy industry is hungry for solutions I’m confident Puloli can provide.  Kethees and his team are poised to become a leader in the methane detection and measurement space, and I look forward to supporting that growth opportunity.”

The investment will further accelerate Paradigm M-Series™ launch announced by the company last week.  The first commercial system was launched in the state of Texas earlier this year.  It will soon be rolled out across all major energy-producing regions of North America.

About Puloli, Inc.

Puloli is an IoT Solution-as-a-Service (SaaS) provider to Critical Infrastructure Industries (CII).   Under Paradigm by Puloli™ brand, the company offers IoT solutions using its own private 5G-IoT network to energy producers, utilities, and smart cities.  The flagship Paradigm M-Series™ provides a cost-effective, basin-scale, mission-critical turnkey service for real-time monitoring of methane emissions without disrupting ongoing operations.  Puloli’s dedication to delivering transparent, auditable, actionable data for customers is underwritten by an industry-leading Service Level Agreement (SLA).  This enables customers to focus on their core business while Paradigm by Puloli™ takes care of their IoT applications.  For more information, visit puloli.com or email [email protected].

SOURCE Puloli, Inc.

AUSTIN, Texas, July 11, 2023 — Equabli, Inc., a leading financial technology company, is pleased to announce the successful completion of its recent round of financing. The funding round secured $3.35M of additional capital and was led by Social Leverage. Additional commitments were received by BankTech Ventures and Cross River Digital Ventures.

The funding will be instrumental in propelling Equabli toward its strategic objectives, including talent acquisition, market expansion, and enhancing Equabli’s innovative debt recovery products and services, enabling it to continue to deliver exceptional value to its clients and stakeholders.

“We’re thrilled to partner with Equabli as they innovate in important areas of the credit lifecycle. The team’s knowledge about collections and recovery is world-class, and they’re applying it to a new technology and services stack that our banks can utilize and significantly upgrade their capabilities. This is exactly the kind of strategic company we look for at BankTech Ventures,” said Carey Ransom, Managing Director.

“The Equabli team is transforming the way we think about the credit cycle, specifically debt management, an area ripe for innovation,” said Hillel Olivestone, Head of Corporate Development and Strategy at Cross River. “Cross River Digital Ventures is excited to support industry pioneers and be a part of Equabli’s next stage of growth.”

“We are excited to have successfully concluded this round of funding,” said Cody Owens, Equabli’s CEO. “This investment represents a significant milestone for our company and reaffirms the confidence that our clients and investors have in our team and the solutions we are bringing to the Financial Services industry. We are grateful for the continued support of Social Leverage, and the opportunity to unlock strategic value with BankTech Ventures and Cross River Digital Ventures.”

About Equabli:

Equabli is dedicated to modernizing and optimizing debt recovery for lenders and their borrowers. Equabli’s comprehensive and intelligent Recovery as a Service platform provides clients with an expertly curated value chain of technology, analytics, and integrated recovery providers, all overseen by Equabli’s team with >150 years of domain-rich experience. No more piecemealed solutions and suboptimal results, Equabli is the one-stop solution for optimized, comprehensive, and compliant lifecycle recoveries. Learn more today at www.equabli.com.

For media inquiries, please contact:
Cody Owens
Chief Executive Officer
Equabli, Inc.
512.436.1770
[email protected]com

SOURCE Equabli, Inc.