CALGARY, AB, Sept. 14, 2023 — Ontopical, the most trusted data and intelligence platform to help businesses discover and win government work, announced today a $3.3 million Seed Extension round co-led by Rhino Ventures and Graphite Ventures and supported by Accelerate Fund III. The round also incorporates a grant from Alberta Innovates. To date, Ontopical has raised over $6 million in funding. 

At a time of increasing public demand for government organisations to provide higher transparency in how contracts are awarded, Ontopical provides equitable access to government opportunities for qualified businesses. Ontopical’s AI-driven data and intelligence platform makes it possible for the private sector to detect early signals from public sector data about upcoming contract opportunities and policy updates to help them efficiently win more business.

Ontopical will use the funds to further develop its AI-driven intelligence platform and expand its business further across North America. The company also plans to triple their team over the next two years, hiring data engineers, data scientists, AI/ML specialists and new members to its sales and marketing teams. The majority of roles will be based in Calgary.

“This funding represents a major milestone for Ontopical and expedites our ability to improve the efficiency of how public sector markets work for private sector clients,” said Clayton Feick, CEO of Ontopical. “We are effectively applying an AI-layer on top of an ever-growing pool of credible public data to attract the most qualified private sector teams to public works contracts.”

With Ontopical’s AI-driven platform, businesses of all sizes are equipped to discover and compete for government work. The platform mines millions of unstructured and multi-format public sector data sources including agendas, minutes, budgets and videos within cities, counties and school districts to identify and consolidate intelligence to help businesses efficiently apply for new contracts. Ontopical’s customers include some of North America’s largest telecom players, major architectural, engineering and construction firms, energy and utilities providers, health services, software, IoT and technology companies. More than half of its customers are in the U.S.

“The procurement process for municipal governments remains incredibly antiquated, heavily favouring long standing incumbent relationships,” said Dave Hogarth, Partner at Rhino Ventures. “Ontopical provides not only a platform for more scalable growth to their customers, but improves outcomes for the constituents of local governments by allowing the best government service providers access to bid on a far wider range of projects.”

“We’re really pleased to join Clayton, Derrick and the Ontopical team as we’ve tracked them for the last year and are impressed with their data-focused approach to solving procurement problems in the public and private sectors,” said Craig Leonard, General Partner with Graphite Ventures. “They’re a great example of a company that uses AI in a meaningful way and of the strong companies emerging out of the Alberta ecosystem.”

About Ontopical
Ontopical is the most trusted data and intelligence platform to help businesses discover and win government work. Its AI-driven data platform enables business development leaders in engineering and construction, telecommunications, technology, health services and other industries to efficiently identify and win new opportunities. Users gain access to credible, organised insights on government plans, policies and activities mined from publicly available data, updated daily across millions of council and committee agendas, minutes, budgets, and plans, including over 125,000 video hours of government meetings. Ontopical is headquartered in Calgary with remote employees across North America. Find out more at Ontopical.com.

About Graphite Ventures
Graphite Ventures is an early-stage seeding-for-scale venture capital firm that invests in early-stage B2B SaaS, fintech, proptech, digital health and capital-efficient hardware companies. Graphite is one of Canada’s most active and consistent VC firms, and the team has invested in more than 200 companies over the past decade. Graphite launched the $110M Graphite Fund IV in 2021 with a focus on Seed and Series A opportunities across Canada. For more information, visit www.graphitevc.com.

About Rhino Ventures
Rhino Ventures leads financing for early-stage businesses in Canada. With over $200M under management, they’ve invested in several iconic Canadian companies including Article, Aspect Biosystems, FISPAN, and Klue. Rhino Ventures is led by partners Fraser Hall, Jay Rhind and David Hogarth and is based in Vancouver, BC. For more information, visit www.rhinovc.com.

About Accelerate Fund
Accelerate Fund III is an early-stage angel co-investment fund in Alberta. Managed by Yaletown Partners with the support of The A100, Accelerate Fund III invests in private Alberta companies in knowledge-based industries including: information and communications technology, energy technology, life sciences, agtech and biotech. Alberta Enterprise Corporation is Accelerate Fund III’s lead limited partner with support from other investors including Opportunity Calgary Investment Fund.  Find out more at AccelerateFund.ca.

For media inquiries, please contact:                                      
Claudia Moore
Material Insight
Phone: 403.703.0029
Email: [email protected]

SOURCE Ontopical

Founding partners, Nagraj Kashyap, Priya Saiprasad, and Samir Kumar bring a combined 60+ years of experience from SoftBank and M12, Microsoft’s Venture Fund.

SAN FRANCISCO, Sept. 14, 2023 — Today, Nagraj Kashyap, Priya Saiprasad, and Samir Kumar announced the launch of Touring Capital, a venture capital firm focused on investing in the next generation of early-growth stage, AI-powered SaaS startups around the world. Touring Capital’s founding partners previously led M12, Microsoft’s Venture Fund, and Qualcomm Ventures and have been in leadership roles at SoftBank Vision Fund II.

Touring Capital is partnering with Oakley Capital, a leading investment firm with $10 billion under management, to build a new venture capital platform. The platform will offer decades of experience spanning market cycles, the power of a tried-and-tested network across the global technology ecosystem, and a deliberate hands-on approach to value creation for portfolio companies. The team has already made its first investment by leading the latest financing round in Pixis, a cutting edge AI-powered software for digital marketers.

Touring Capital is backed by institutional firms and family offices, as well as more than 20 former founders who previously worked with Touring Capital’s leadership, highlighting the team’s commitment to strong, long-lasting relationships with entrepreneurs.

Touring Capital’s founding team has worked together across three platforms since 2012, successfully building cultures that drive platform longevity and market-leading returns. Kashyap, Kumar, and Saiprasad have collectively invested in 16 unicorns and led 26 successfully exited investments, underscoring their deep connectivity and proven track record of venture capital investing across the global technology startup ecosystem. 

With a differentiated approach, Touring Capital aims to source deals in and outside of Silicon Valley and will be searching from coast to coast to identify exceptional founders. In addition to sourcing deals from across North America, the firm will focus heavily on emerging software ecosystems including India, Australia, Israel and Europe. The firm’s debut fund will predominantly focus on investing in Series B and Series C rounds of category-defining SaaS companies powered by AI. 

“While we’re a first-time fund, we’re not a first-time team. Our partners bring more than sixty years of experience investing in best-in-class software unicorns including Zoom, Kahoot, Livongo, Outreach, Applied Intuition, Innovaccer, and Go1,” said Nagraj Kashyap, founding partner at Touring Capital. “Our deep, cross-generational industry expertise uniquely positions us to support entrepreneurs from a variety of backgrounds and equip them with a network of global relationships that extend beyond Silicon Valley and the U.S. We are committed to partnering with exceptional founders that are reshaping the software landscape through AI and supercharging their growth for long-term success.” 

“The Touring Capital team’s history of choosing emerging category winners is a testament to the impact they will have on every portfolio company they engage with,” said Peter Dubens, founding partner at Oakley Capital. “I am confident Touring Capital’s deep industry expertise and network will equip founders with the support they need to sustain rapid growth, and I am honored to be part of their journey as they build upon a global network of entrepreneurs who are transforming AI-fueled software to improve human productivity at-large.” 

Touring Capital believes we are on the cusp of significant, AI-driven transformations within software that will fuel major productivity gains for workers across all lines of business and sectors. To learn more about Touring Capital, visit https://touringcapital.com.

About Touring Capital:
Founded in 2023, Touring Capital is a venture capital firm focused on investing in the next generation of early growth stage, AI-driven SaaS companies around the world. Its founders, Nagraj Kashyap, Priya Saiprasad, and Samir Kumar, have more than a decade of experience working together at leading investment firms and a proven track record of venture capital investing across the global technology startup ecosystem. The Touring Capital team is committed to investing in companies that are leveraging AI to fuel major productivity gains for workers across all lines of business and sectors. Visit https://touringcapital.com to learn more.

SOURCE Touring Capital

COLUMBIA, Mo., Sept. 13, 2023 — EquipmentShare, an equipment and digital solutions provider serving the construction industry, today announced that it has completed an extension of its Series E equity raise, led by funds affiliated with BDT & MSD Partners. Through the extension, EquipmentShare raised an incremental $150 million from existing and new investors, for a total of $440 million in Series E funding in 2022 and 2023.

“We are pleased to announce the extension of our equity raise, which furthers our ability to build the future of construction through cutting-edge technology,” said Jabbok Schlacks, CEO and Co-Founder of EquipmentShare. “Once again, our growth is driven by our bar-raising rental experience and an influx of customers embracing our technology-driven construction solutions. This round of funding not only attracts fresh capital from both new and existing investors, but it also showcases our ability to stand tall in a challenging macroeconomic landscape, positioning us for even greater success in the future.”

“The extension of our equity raise speaks to the strength of our business and our proven track record of performance and growth,” said Trevor Schauenberg, CFO of EquipmentShare. “This new capital enhances our liquidity and will enable us to continue to invest in the expansion and distribution of our US rental footprint and our T3 technology platform.” 

“We are excited to deepen our partnership with Jabbok, Willy, and the EquipmentShare team in their efforts to transform the construction industry,” said Henry Yeagley, Partner at BDT & MSD Partners. “Through a combination of deep, hands-on industry knowledge and cutting-edge technology systems, EquipmentShare is helping to make the rental equipment market and broader construction space more productive, efficient and safe. As an aligned, long-term capital partner to family- and founder-led companies, we look forward to supporting EquipmentShare in its next chapter of growth.”

Since its founding in 2015, EquipmentShare has experienced rapid growth, spurred by the demand for its fleet management technology and equipment solutions. In 2022, EquipmentShare opened 32 new branch locations, and today its geographic footprint has more than 185 locations across the U.S.

About EquipmentShare
Founded in 2015 and headquartered in Columbia, Mo., EquipmentShare is a nationwide construction technology and equipment solutions provider dedicated to transforming the construction industry through innovative tools, platforms and data-driven insights. By empowering contractors, builders and equipment owners with its proprietary technology, T3, EquipmentShare aims to drive productivity, efficiency and collaboration across the construction sector. With a comprehensive suite of solutions that includes a fleet management platform, telematics devices and a best-in-class equipment rental marketplace, EquipmentShare continues to lead the industry in building the future of construction. For more information, visit www.equipmentshare.com.

About BDT & MSD Partners
BDT & MSD Partners is a merchant bank with an advisory and investment platform built to serve the distinct needs of business owners and strategic, long-term investors. The firm is distinguished by its decades of experience advising at the intersection of founders, families, and businesses, as well as by its differentiated capital base and culture of aligned investing. Its funds are managed by its affiliated investment advisers, BDT Capital Partners and MSD Partners. For more information, visit www.bdtmsd.com.

For additional information or media
inquiries, please contact:
Amy Susan
Phone: (573) 890-0609
[email protected]

BDT & MSD Partners
Sara Evans / Matthew Glasser
Email: [email protected]
Phone: (312) 529-6548 / (312) 385-2883

SOURCE EquipmentShare

Fundraise supports market expansion with Summus emerging as the premier clinical platform to share and access high quality specialty expertise across the continuum of care — serving employers, payers, health systems and physician groups.

NEW YORK, Sept. 13, 2023 — Summus, the leading virtual health company focused in specialty care, announced today that it raised $19.5 million to support the company’s continued growth and work to solve the access problem to high quality physicians. Following a previous investment round in 2022, Summus has now raised $70 million to expand its innovative approach to care.

The company’s proprietary marketplace model empowers patients, families, caregivers and physicians to share and access high quality specialty expertise — across all health questions, at any point in the journey. By accelerating access to high quality physicians, Summus delivers best-in-class clinical guidance, advocacy and navigation. Summus works with leading employers, health plans, physician groups and leading medical institutions to provide a broad portfolio of solutions that improves access to quality care and improves outcomes.

“Durable, category defining companies naturally evolve and expand their aperture to serve more people over time. We are investing to meet the explosive demand for Summus solutions across the healthcare ecosystem,” said Mitchell Rales, Co-founder and Executive Chairman, Danaher Corporation.

In supporting more than 2 million lives, 98% of Summus members report that they better understand what to do in the next stage of their healthcare journey. Since 2020, consistent feedback from Summus members and physicians reflect universal recognition of the access and insights through Summus that would not otherwise have been available.

“The value of accessing high quality physicians in an expedient manner is vital — for peace of mind, optimizing treatment paths, and driving better outcomes. We continue our commitment to put high quality physicians, the most trusted party in healthcare, at the center of decisions big and small,” said Julian Flannery, Summus CEO and Co-founder.

The investment will focus on further scaling growth for the organization, including meeting demand for Summus’ innovative solution to support primary care physicians in a peer-to-peer environment, and enhancing condition-specific, personalized journeys for patients to access the best care with the most trusted physicians.

“We remain inspired by the Summus team and the value proposition they bring to the healthcare ecosystem. In providing access to thousands of the world’s most talented physicians to patients, families and physicians who need their expertise, we see Summus changing lives on a daily basis. We’re grateful to have the opportunity to continue to support Summus as they expand their capabilities to solve the critical issues of access to quality healthcare today,” said Rick Buhrman, Co-Founder and Co-CEO, Sator Grove Holdings. “I am impressed by the continued innovation, commitment and expertise of the Summus team, and am thrilled to see their growth and recognition in the market for bringing new solutions to physicians and patients around the world.”

About Summus
Summus is the leading virtual health company, founded with a mission to restore human connection in healthcare. Our proprietary marketplace model empowers patients, families, caregivers and physicians to share and access high quality specialty expertise — across all health questions, at any point in the journey. With a curated network of more than 5,100 renowned specialists from top academic medical centers, and more than 2.1 million members around the world, Summus serves as the clinical front door to access trusted, high quality, healthcare expertise, and to support people in the moments that matter most.

Summus. Better access. Better decisions. Better outcomes. Across the continuum of care.
Learn more: www.summusglobal.com

SOURCE Summus

MIAMI and AUCKLAND, New Zealand, Sept. 13, 2023 — Avasa, a medical device pioneer advancing surgical techniques for improved patient outcomes, announces the successful completion of its recent funding, raising an impressive $1.55 million in capital investment. The influx of new investment comes from New Zealand Growth Capital Partners, Pacific Channel, Booster Innovation Fund, Brisbane Angels, and Cure Kids Ventures, whose support augments existing investors Bridgewest Group, and Uniservices, the investment arm of the University of Auckland.

“We are thrilled to receive overwhelming support from both new and existing investors. With these additional resources we can accelerate our go-to-market efforts. We have hired a top-tier quality assurance manager, launched the second phase of our market validation survey to support our Series A raise, are finalizing product development, scaling up manufacturing, and collecting data from our animal trials ahead of our US FDA 510K submission in early 2025. In the next year, we aim to set up relationships with preferred distributors for the US market,” says Dr. Nandoun Abeysekera, CEO and Founder of Avasa.

The high interest in capital support affirms the investment community’s confidence in Avasa’s scientific approach to transforming procedures in reconnecting veins and arteries in reconstructive microsurgery. “Currently, surgeons face the challenge of tediously hand-sewing micro arteries to re-establish blood flow to transplanted tissues. This manual method is not only intricate and risk-laden, but also consumes 40-60 minutes for just one arterial connection. Our innovative implant makes microvascular surgery quicker and safer. We are empowering surgeons to securely and efficiently link microvascular arteries in under 10 minutes, positioning us as the next standard of care,” says Dr. Abeysekera.

Jacques Richter, Associate Investment Director, New Zealand Growth Capital Partner adds, “we are excited to join Nandoun and the Avasa team on their journey to change reconstructive microsurgery. Throughout our due diligence process, we were impressed by Nandoun’s deep understanding and personal connection to the problem being solved. This is evidenced in the elegant coupler design that the Avasa team has developed which provides clear value to surgeons.”

In the future, Dr. Abeysekera expects the scope of Avasa’s device to expand to other surgical fields such as organ transplants, cardiothoracic surgery and vascular surgery. “We want to keep innovating at the intersection of medicine, design, and engineering to improve health outcomes for people,” says Dr. Abeysekera.

About Avasa
Avasa is a medical device company dedicated to revolutionizing surgical procedures through innovative implantable devices. Avasa’s mission is to transform reconstructive microsurgery and help patients who’ve suffered debilitating disease and deformity.

Media Contacts:

U.S. Jenny Bourbiel, [email protected]
New Zealand Dr. Nandoun Abeysekera, [email protected]

SOURCE Avasa

Exostellar’s Vision for AI-Driven Supercomputing Optimization Receives Boost with Additional Investments and New Leadership

SANTA CLARA, Calif., Sept. 13, 2023 — Exostellar, the innovative cloud resource optimization and management platform, is excited to announce the closing of its oversubscribed $15 million Series A financing, led by Celesta and Cambium Capital, with participation from Candou Ventures and AI Capital Partners (Alpha Intelligence Capital‘s U.S.-based fund). Backed by this investment, Exostellar is poised to propel its pioneering technology into the AI-GPU domain. The strategy involves amplifying its X-Compute platform and extending its CPU live migration IP to encompass GPU compatibility. This innovative Cloud Native GPU live migration initiative will propel Exostellar to the forefront, well-equipped to cater to the escalating requirement for GPU-centric AI workloads.

With the close of this oversubscribed round, Exostellar is also announcing that Tony Shakib is assuming the role of President and CEO. This strategic transition comes at a pivotal moment as Exostellar positions itself for exponential growth and impact. Hakim Weatherspoon, in turn, will assume the role of Chief Scientist, focusing on driving innovation and technological advancement within the company.

“Exostellar is committed to redefining how cloud resources are optimized and managed, and this additional investment fuels our efforts to provide enterprises with game-changing solutions that drive efficiency, scalability, and cost savings,” said Tony Shakib.

“It’s truly gratifying to witness Exostellar’s journey from its early days,” said Lip-Bu Tan, the lead investor in Exostellar’s seed round. “The oversubscription of the Series A funding is a testament to the team’s dedication and the disruptive potential of their platform. Exostellar has the power to transform how cloud resources are optimized, and I’m excited to see its impact on the industry.”

Nhi Lê, Principal at AI Capital Partners, expressed excitement about the investment, stating, “We’re excited to invest in Exostellar and its development of AI-enabled cloud GPU resource optimization solutions. Exostellar’s momentum in stateful CPU live migration and cloud cost reduction has ushered in industry-changing breakthrough for cloud-based high memory compute. With the upcoming GPU capabilities, Exostellar is uniquely positioned to address the global compute bottleneck for high performance computing and AI applications.”

Media Contact:
Nayan Lad, [email protected]

SOURCE Exostellar

Raise amplifies nature-based services’ ability to deliver climate and social impact by measuring and selling the carbon captured by the world’s 2 billion smallholder farmers

PITTSBURGH, Sept. 13, 2023 — Today, AI-powered regenerative nature based services provider ReSeed announced a Seed raise of $4.6 million led by One Small Planet. Additional investors include Thorn Partners, and a mix of angel investors including Baratunde Thurston and Elizabeth Stewart, among others. This capital raise enables ReSeed to further expand into the commercial market.

With venture capital investment dipping across industries, this raise indicates the viability and opportunity that ReSeed’s work represents: ReSeed merges a globally-scalable climate solution that has enormous measurable social impact, rallying the business community by cultivating a new market approach to climate financing. ReSeed partners with the globe’s 600 million smallholder farmers to monetize their immense, largely-unpaid global impact, bringing carbon credits directly from farmers to the market. Founded in 2022, ReSeed has created the first carbon credits with traceability from beginning to end of lifecycle.

The raise will additionally enable the growth of ReSeed’s partnerships with farmers around the globe, allowing their vital work to continue while overcoming issues in legacy carbon markets via auditable data, enhanced technology, and a scalable approach.

“Smallholder farmers play a leading role in storing carbon and strengthening global food security,” says Vasco van Roosmalen, co-founder and CEO of ReSeed. “Engaging with people as part of the solution in the fight against the climate crisis – while significantly reducing legacy carbon in the atmosphere – provides fundamental co-benefits that will define the next generation of climate tech.”

“While there are many schemes in place to capture and sequester carbon, not all are equal: ReSeed is a novel player in the carbon markets. Their model of ‘farm fresh carbon credits’ ensures that those who receive compensation are from communities who have done the least to exacerbate climate change, but who are suffering the most from it,” says Baratunde Thurston, Emmy-nominated host, producer, New York Times Best Selling writer, and public speaker.

“ReSeed is leading the future of climate tech with AI-powered solutions driving the nature-based services markets towards more equitable outcomes for the world’s smallholder farmers. The sector must provide world-changing solutions that also drive equity to people around the globe. ReSeed is meeting the moment with globally scalable solutions that benefit both people and planet, making it an ideal investment for us,” says Jack Wielebinski, One Small Planet Fund Operating Officer.

“We are committed to pursuing technologies that enhance communities and the planet: ReSeed is emblematic of that goal. The company sets a high standard for this next generation of carbon markets. We expect ReSeed’s carbon credits to become a staple amongst forward-thinking companies around the planet,” says Conor Platt of Thorn Partners.

About ReSeed PBC
ReSeed is a nature-based services provider, bringing carbon credits directly from smallholder farmers to the market. We fight climate change at scale by financing and incentivizing these farmers to steward carbon through regenerative farming practices. ReSeed is the first company to combine environmental and social impact metrics with traceable carbon credits from farms, bringing to market a data set that increases accountability and fosters clean supply chains.

Learn more at https://reseed.farm/

About One Small Planet
One Small Planet (“OSP”) is a Vital Capital Group, on a mission to harmonize the wealth of people and planet by regenerating our natural systems and evolving our economic systems. One Small Planet’s Fire Fund invests in companies focused on improving environmental outcomes while operating sustainable business models. OSP invests growth capital in Series Seed and Series A rounds to support innovative, environmentally focused companies grow and scale. OSP was founded by Will Peterffy.

Learn more at www.onesmallplanet.org

Media Contact:
Daria Richman
646-527-2263
[email protected]

SOURCE ReSeed

Tel Aviv-based electric grid technology firm poised to focus growth on US market with hires and Austin-based offices.

TEL AVIV, Israel, Sept. 13, 2023 —  Prisma Photonics, the dynamic, AI-driven startup that monitors large-scale infrastructure, such as power grids, announced today that it raised approximately $20M in a Series C round led by New York-based global private equity and venture capital firm Insight Partners, with participation from Elements, a Climatech fund, SE Ventures (Schneider Electric’s venture capital arm), Future Energy Ventures (the venture capital investment and collaboration platform of E.ON), Chione Switzerland, and INcapital.

The investment will accelerate the company’s break into the global power and renewable energy market while supporting its continued growth. This round brings the total funding raised by Prisma Photonics to over $50 million. The company’s earlier investors include Israel Electric Corporation, Israel Natural Gas Lines, and i3 Equity Partners.

Prisma Photonics optical fiber sensing technology offers power transmission operators better ways to manage their grids. It allows them to maximize the electrical capacity of the current grid to increase the integration of renewable energy sources. Doing that, operators respond to new emerging regulations such as FERC order 881 in the U.S. and similar. Real-time alerts on electrical faults and extreme weather conditions such as wildfires and icing offer better ways to retain grid resiliency in changing environments.

Prisma Photonics’ solutions monitor infrastructure using the existing optical fibers covering great distances, of up to thousands of kilometers, without the need to install any sensors on the infrastructure itself. Events and alerts are reported in real time and within meters of accuracy.

“Grid congestion and the integration of renewable sources have become pressing challenges for power market operators such as our Tier-1 customers,” states Dr. Eran Inbar, CEO of Prisma Photonics. “Our AI-driven technology not only adds a layer of resilience to the grid but also enables dynamic line rating capabilities, unlocking the full potential of existing infrastructure. This investment led by Insight Partners highlights the urgent need for innovative, scalable solutions in critical infrastructure management.”

“In a rapidly accelerating power and energy sector, we see both the market necessity and vast potential for Prisma Photonics’ solutions. Their unique blend of AI and engineering expertise addresses some of the most urgent challenges facing power operators today and their AI application can help solve consequential problems in infrastructure,” said Ganesh Bell, Managing Director at Insight Partners. “It’s a high-growth space, and doubling down on our investment in Prisma Photonics is not just strategic but imperative. We’re thrilled to back Eran and his team as they redefine the future of energy infrastructure management.”

“In a world grappling with climate imperatives, Elements fund aims to back those at the cutting edge of the energy and climate technologies.”, says Nitsan Alon, Managing Partner at Elements Venture Capital. “Our investment in Prisma Photonics is more than financial. It’s a testament to our belief in their capability to impact the industry significantly, and we are proud to have them as our first major investment.”

Prisma Photonics optical fiber sensing technology covers several infrastructure sectors, including power, oil and gas pipelines, subsea infrastructure, railways, highways, and other long-range utilities. It allows operators to increase infrastructure operations’ safety, efficiency, and cost-effectiveness while actively supporting utility operators in achieving their net-zero goals.

About Prisma Photonics

Prisma Photonics revolutionizes infrastructure monitoring by using optical fibers to monitor critical large-scale infrastructure like power grids and oil & gas pipelines for thousands of kilometers, eliminating the need for sensors.

Combining Hyper-Scan Fiber-Sensing™ technology with machine learning allows utility operators to reach environmental and renewable energy goals while keeping operational excellence in their journey to net-zero emissions.

Founded in 2017 by an expert team with a proven track record of building and scaling companies in the deep-tech domain

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 X @insightpartners.

About Elements Fund

Elements is a leading Venture Capital fund, with a primary focus on startups that are driving ground-breaking solutions to combat climate change. Our mission is to support and nurture companies at the forefront of climate technology, particularly in the energy sector. Through our own network we hope to assist portfolio companies in scaling globally.

Logo – https://mma.prnewswire.com/media/1742669/Prisma_Photonics_Logo.jpg

SOURCE Prisma Photonics

NEW YORK, Sept. 13, 2023 — The venture capital investment market is estimated to grow by USD 737.56 billion from 2022 to 2027, decelerate at a CAGR of 20.88%. The venture capital investment market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer venture capital investment market are Accel, Agoranov, AH Capital Management LLC, Balderton Capital UK LLP, Battery Ventures, Caixa Capital Risc SGEIC S.A., Cherry Ventures Management GmbH, Eurazeo, First Round Capital, GGV Capital, Greylock Partners, Hoxton Ventures LLP, Index Ventures UK LLP, Lakestar Advisors GmbH, Seedcamp Investment Management LLP, Sequoia Capital Operations LLC, Target Global, Union Square Ventures, Bessemer Venture Partners, and Founders Fund. The report provides a full list of key companies, their strategies, and the latest developments. Download a FREE Sample before buying

Company Offering:

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in exi — sting and potential markets and assess their competitive positions within changing market scenarios.

• Accel – The company invests in the internet technology and software development industries.
• For details on companies and their offerings – Buy the report!

By Geography, the market is classified as North America, APAC, Europe, South America, and Middle East and Africa. North America will have the largest share of the market.

• North America will contribute 43% to the growth of the global market during the forecast period. 

Download a FREE sample report to get more insights on the market share of various regions and the contribution of the segments.

• Impactful driver- Increasing VC investment in biotech and remote working software companies
• Key Trend – Rising number of high-net-worth individuals (HNWIs) globally
• Major Challenges – Foreign exchange volatility

 Market Segmentation

• By Type, the market is classified into first-time venture funding and follow-on venture funding. First-time venture funding and follow-on venture funding contribute the largest share of the market. This segment comprises the development, distribution, and maintenance of software products and services. Venture capital firms have particularly increased investment in software that is transforming industries. The industries include Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), CloudTech, and DevOps. Furthermore, total investments by venture capitalists in this software exceeded several billion dollars, with a few of them being valued at more than a billion dollars and being classified as Unicorns. Also, there was a greater number of software startups in 2020 with estimates of about 75,000 startup firms in the US. Hence, such factors boost the segment growth of the venture capital investment market during the forecast period.

Technavio Research experts have provided more insights on the market share of segments – View FREE Sample Report

Related Reports:

The human capital management (HCM) solutions market is estimated to grow at a CAGR of 8.45% between 2022 and 2027. The size of the market is forecast to increase by USD 11,195.8 million. This report extensively covers market segmentation by application (core HR, talent, and workforce), component (solution and service), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The increasing demand for unified solutions for all HR functions is notably driving market growth.

The semiconductor capital equipment market size is expected to increase by USD 17.05 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.18%. Furthermore, this report extensively covers semiconductor capital equipment market segmentation by type (wafer-level manufacturing equipment, packaging and assembly equipment, and automated test equipment) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The rising number of fabs is notably driving the semiconductor capital equipment market growth.

TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Sector

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About US

Contact US:

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio