PHOENIX, May 16, 2024 — Trinity Capital Inc. (NASDAQ: TRIN) (“Trinity”), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $60 million in growth capital to Metabolon, a global leader in providing metabolomics solutions advancing a wide variety of life science research, diagnostic, therapeutic development, and precision medicine applications.

Metabolon develops scientific, technological, and bioinformatics techniques to measure inputs from internal and external factors such as health, disease, nutrition, microbiome, medication, and environmental exposure, to help answer scientific questions about health and disease. Metabolon’s customizable metabolomics solutions support research in the biopharma, population health, consumer products, agriculture, wellness, academic, and government sectors, across the research continuum.

“We are excited to partner with Metabolon, a company that has demonstrated innovation and excellence in the life sciences sector,” said Rob Lake, Senior Managing Director, Life Sciences at Trinity. “By leveraging their cutting-edge technology and extensive experience, the team has the potential to accelerate research and we look forward to supporting the company’s ongoing growth and expansion in the industry.”

This new growth capital will allow Metabolon to expand its research and development efforts to further enhance its metabolomics platform. The investment will also support the company’s global expansion plans, including market penetration initiatives and strategic partnerships. 

“We are extremely pleased to announce this successful financing with Trinity, marking a significant milestone for Metabolon. This infusion of additional capital and robust process leading up to it underscore the strong investor confidence in Metabolon’s vision, capabilities, and market potential within the multiomics and metabolomics industry” said Rohan (Ro) Hastie Chief Executive Officer at Metabolon. “As the life sciences embrace a sophisticated multiomics paradigm, Metabolon is emerging as an industry benchmark and an essential catalyst toward achieving true precision medicine. This investment will enable us to accelerate growth, drive innovation, and further solidify our position as a leader in the metabolomics space.”

About Trinity Capital Inc.
Trinity (Nasdaq: TRIN), an internally managed business development company, is a leading provider of diversified financial solutions to growth stage companies with institutional equity investors. Trinity’s investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans, equipment financings and equity-related investments. Trinity believes it is one of only a select group of specialty lenders that has the depth of knowledge, experience, and track record in lending to growth stage companies. For more information, please visit the Company’s website at www.trinitycap.com.

About Metabolon
Metabolon, Inc. is the global leader in metabolomics, with a mission to deliver biochemical data and insights that expand and accelerate the impact of life sciences research and complement other ‘omics’ technologies. With more than 20 years, 10,000+ projects, 3,000+ publications, and ISO 9001:2015, CLIA, and CAP certifications, Metabolon has developed industry-leading scientific, technology, and bioinformatics techniques. Metabolon’s Global Discovery Panel is enabled by the world’s largest proprietary metabolomics reference library. Metabolon’s industry-leading data and translational science expertise help customers and partners address some of the most challenging and pressing questions in the life sciences, accelerating research and enhancing development success. The company offers scalable, customizable multiomics solutions, including metabolomics and lipidomics, supporting customer needs from discovery through clinical trials and product life-cycle management. For more information, please visit www.metabolon.com and follow us on LinkedIn and Twitter.

SOURCE Trinity Capital Inc.

Football (U.S. soccer) is the world’s most popular sport, and fandom has grown 60% in the U.S. over the past decade.

The iconic football shirt connects people to the sport’s unique culture, from fans to fashion enthusiasts and celebrity influencers globally.

With the largest collection of new and hard-to-find authentic football shirts available for sale in the world, and millions of items shipped across more than 100 countries, Classic Football Shirts is the category leader.

MANCHESTER, England and LOS ANGELES, May 16, 2024 — Classic Football Shirts, the global hub to buy authentic football shirts, and The Chernin Group (“TCG”), a multi-stage investment firm known for building and growing consumer businesses, today announced an investment from TCG that will fuel aggressive and immediate global expansion plans. Concentrating on North America, one of the brand’s fastest-growing markets that represents just 15 percent of the overall business today, TCG’s investment underscores the significant market opportunity tied to the rising global interest in football culture.

There are 3.5 billion global football fans in the world and fandom is up 60% in the U.S. over the last decade as major European domestic leagues are aired on U.S. TV networks, shows like Ted Lasso and Welcome to Wrexham have streamed into family rooms, fashion designers have given a nod to football style in collections, and celebrity superstars have been photographed wearing the football shirts. With the expansion of the MLS, success of NWSL and major global football events like the 2024 Copa America, 2025 FIFA Club World Cup, 2026 FIFA World Cup and the 2028 Olympics, fandom is only expected to grow even more over the next 10 years. As the game’s domestic fan base continues to rise, so has consumer demand for football commerce and apparel.

“Each football shirt tells a unique story and represents the history, culture, style – and the nostalgia of the game,” said Classic Football Shirts founder and CEO, Doug Bierton. “It’s a passion and obsession for the sport, from our team and our customers, that built the business to where it is today. It’s exciting to think about how we’ll connect with millions more around the world over a shared love of football.”

Founded in 2006 in Manchester, UK by Doug Bierton and Matthew Dale – and later joined by co-founder Gary Bierton, Classic Football Shirts has thrived as a self-funded, fast-growing enterprise that’s been profitable since its inception. The company boasts a staggering collection of rare vintage, match-worn, and current season styles that cater to a diverse community of football aficionados, collectors, and streetwear enthusiasts worldwide. It has a thriving community both on and offline, with stores in London and Manchester, UK, millions of social followers, and customers in over 100 countries. They have classic football shirts listed from thousands of clubs, countries and players, and over 6,700 unique or match-worn shirts housed in ‘The Vault‘, a climate-controlled storage area for special pieces that are not yet available to the public.

“The Classic Football Shirts team has built an incredible business,” said TCG partner, Greg Bettinelli, an early investor in popular consumer marketplaces, including GOAT and thredUP while at his previous firm, Upfront Ventures. “They have an incredible selection of football shirts for fans all over the world, unparalleled industry knowledge and a true passion for the sport. Everyone who comes to Classic Football Shirts knows they will find their favorite club, country or player and trusts that the shirt they buy will be 100% authentic, which is why so many come back again and again. We are looking forward to working with Doug, Matt, Gary and the rest of the team to build on their success through the expansion of its audience, assortment and new geographies.”

TCG invested $38.5M of growth equity capital into Classic Football Shirts and is the only major outside investor. With this investment, Classic Football Shirts will continue on its path to being the global destination for authentic football shirts and cultivate a community of fans and fashion enthusiasts through a shared love of the unique shirts.

In addition, Cormac Barry, a senior executive with over 25 years’ experience in online B2C, online B2B and retail across multiple sectors including sports and travel, has joined Classic Football Shirts as Executive Chairman.

Coinciding with this announcement today is the opening of Classic Football Shirts’ latest retail experience in New York City. The store at 323 Canal Street offers enthusiasts a glimpse into football’s rich heritage through a curated collection of both classic and current shirt styles. The event precedes the forthcoming launch of permanent stores in New York and Los Angeles later this year. For further details, visit www.classicfootballshirts.co.uk.

About Classic Football Shirts

Classic Football Shirts is the global hub to buy authentic football shirts. The company was founded in 2006 in Manchester, UK by Doug Bierton and Matthew Dale – and later joined by Gary Bierton, who share a love of the sport and its culture. Classic Football Shirts has the largest collection of authentic football shirts in the world, from timeless classics to elusive vintage finds and some of the game’s most iconic shirts. A dedication to curation and authentication, deep knowledge of the history, and a genuine passion for the sport has been the driving force behind Classic Football Shirts’ success and rapidly growing global customer base. Explore the extensive collection of football shirts and join the community of fans and enthusiasts at www.classicfootballshirts.co.uk.

About TCG

Founded by Peter Chernin, Jesse Jacobs, and Mike Kerns, The Chernin Group (TCG) is a multi-stage investment firm dedicated to building enduring consumer businesses. TCG partners with exceptional management teams to grow market-leading businesses in categories of consumer passion such as sports, commerce, gaming, and health and wellness. The firm leverages decades of operating experience and deep connectivity to the media and technology ecosystem in service of its portfolio companies. Investments have included Action Network, Barstool Sports, Cars & Bids, Collectors, Crunchyroll, Epic Gardening, Meateater, Oura, Premier Lacrosse League, Scopely and Unrivaled Sports. Learn more at https://tcg.co/.

Note for editors: 

Press kit with images can be found here.

Contact:

[email protected] 

SOURCE Classic Football Shirts

SINGAPORE, May 16, 2024 — OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, has issued updates for May 16, 2024.

OKX Ventures Ranked as #1 Crypto Venture Capital Investor in Q1 2024 with 31 Deals

OKX Ventures today announced that it has secured its position as the number one crypto venture capital investor in Q1 2024, closing a remarkable 31 deals*. Its top investment areas for Q1 focus on infrastructure, AI and DeFi. Notable projects include the Bitcoin EVM-Compatible Rollup, B² Network, and FLock.io, a decentralized and permissionless platform for AI models and dApps.

This milestone further cements OKX Ventures’ commitment to investing in the future of blockchain and Web3 innovation, reinforcing its dedication to the sector. OKX Ventures’ consistent and substantial capital investment shows its strong confidence in the growth and potential of the crypto and Web3 space. In 2023, the firm invested USD 50 million in crypto and Web3 projects.

OKX Ventures Founder Dora Yue said: “Our diverse investment portfolio, with a focus on the rapidly evolving Web3 infrastructure, AI and DeFi sectors, positions us at the forefront of supporting these groundbreaking technologies. As the crypto space continues to mature and gain mainstream adoption, we remain dedicated to driving innovation, fostering growth, and empowering projects that will shape the future of the digital economy.”

*Source: CryptoRank

For further information, please contact:
[email protected]

About OKX Ventures

OKX Ventures is the investment arm of the second-largest crypto exchange by trading volume and Web3 technology company OKX, focusing on exploring the best blockchain projects on a global scale and supporting cutting-edge blockchain technology innovation.

Find out more about OKX Ventures here.

Disclaimer

SOURCE OKX Ventures

Al Capone’s Life-Saving and Favorite Colt .45 Pistol With Valentine’s Day Date Engraving, that he Nicknamed “The Sweetheart” Headed to Auction This Weekend, Saturday May 18th, at 3:00pm EST

LOS ANGELES and NEW YORK, May 15, 2024 — The world famous “Sweetheart,” Al Capone’s favorite Colt 1911 gun that saved his life many times, nicknamed “Sweetheart”, is heading to auction this weekend, online, in person, and via telephone, on Saturday May 18th at 3:00 p.m EST, at RichmondAuctions.com. Highly sought-after firearms from famous historical figures have consistently sold for millions in recent auctions, such as Ulysses S. Grant’s twin revolvers which sold for over $5 million, and Pat Garrett’s Colt revolver that sold for over $6 million. With a similar estimate to Pat Garret’s Colt revolver, Capone’s “Sweetheart” Colt pistol, bearing the patent engraving date of Valentine’s Day, that includes a package of pristine provenance, authenticity, and historical manufacturer’s documentation, carries a pre-auction estimated value of $2-3 million, and is expected to command a premium price. Prospective buyers may register online at RichmondAuctions.com.

Capone is often credited for saying that you can do more with a smile and a gun than you can with just a smile alone. As reported in The Wall Street Journal, stories were even told that he had a gun in his hand right out of the womb. Capone’s oldest granddaughter, Diane Capone, shares in interviews that The Sweetheart was a constant companion to one of the wealthiest men in the country, oftentimes described as the most shot at man in America, and that Capone called his Colt 1911 his favorite gun and “Sweetheart” for saving his life on many occasions. With multiple bounties on Capone’s head by various rivals, the list of failed attempts on Capone’s life was long and a source of public fascination. Notable among these are the September 1925 North Side Gang ambush and the November 1927 machine gun assassination attempt by Joe Aielllo’s men.

According to Harvard Business School researchers, Capone’s intelligence made him a force to be reckoned with. Often referred to by friends and reporters as “The Big Shot”, “The Big Guy”, and “Big Al”, Capone’s personal style and tastes also contributed to his enduring legacy as the archetypal gangster and the most recognizable outlaw in popular culture. Considered an underdog from small beginnings, Capone started working at a candy store, then at the Harvard Inn for his mentor Frankie Yale, and later as a bodyguard and driver for Johnny Torrio. Capone’s first business card read “Furniture Dealer”. With operational efficiencies and brutal tactics, Capone built a vast enterprise with annual revenues topping $100 million. Capone famously stated, “this American system of ours, call it Americanism, call it capitalism, call it what you like, gives each and every one of us a great opportunity if we only seize it with both hands and make the most of it.”

As a gun of choice for the Delta Force and elite fighting units around the world, the Colt 1911’s history in battle has earned it the reputation as a trusted friend in dangerous places. Often credited with winning two World Wars, the 1911 serves as a symbol and personification of courage and protection; in the words of Capone, “experience has taught me that there are two things that people will always pay for: protection and pleasure.” The defensive firearm is also regarded as an asset on the competitive shooting circuit. The Sweetheart 1911 heirloom pistol was later modified by Capone’s only son, Sonny, whom he referred to as “son of my heart,” for competition shooting as a master-level marksman. The legendary 1911 Colt is regarded as a modern mechanical marvel and highly favored for its timeless design, accuracy, versatility, and reliability.

“Pre-auction interest continues to mount with motivated buyers placing starting bids, currently at $825,000, long before the excitement of the auction begins. This is one of the most historically significant and valuable guns of the 20th century. The gravity of the gun in your hands gives you the goosebumps. If there is a gun with the demand and potential to set new world records, this is the one. The incomparable collectability of The Sweetheart paired with the rare opportunity to own it, is simply electrifying and has attracted interest from a wide range of buyers including, private equity managers, museums, and parties from all over the world, including Japan, Australia, Italy, Qatar, Saudi Arabia, Abu Dhabi, Dubai, India, Mexico, Israel, England, China, and Germany. This Colt 1911 gun is more than a celebrity historical firearm; its romantic nickname, absolutely stunning presentation, profound storytelling value, and unique connection to Capone, make this gun a must-have and centerpiece for the world-class collector.” remarked Kim Williams, firearms specialist at Richmond Auctions, which recently set a world record for its sale of the most valuable antique advertising sign for $1.5 million, far exceeding the previous record of $400,000, and also recently sold several of the famed John Wayne’s family-owned firearms.

Contact:
[email protected]

SOURCE Richmond Auctions

Investment to support Alkira’s exponential growth as the first end-to-end secure network infrastructure platform as-a-service, addressing significant demand as enterprises transition networks to meet rising cloud and A.I. needs

SAN JOSE, Calif., May 15, 2024 — Alkira®, the leader in on-demand network infrastructure as-a-service, today announced the closing of a $100 million Series C funding round, bringing the company’s total funding raised to date to $176 million. The round was led by Tiger Global Management, a leading global investment firm, with additional investment from Dallas Venture Capital, Geodesic Capital and NextEquity Partners; and participation from existing investors, including, Kleiner Perkins, Koch Disruptive Technologies and Sequoia Capital.

“The explosive growth of cloud applications and A.I. workloads are fueling a surge in demand for agile, secure, scalable cost-efficient networking solutions,” said Amir Khan, CEO at Alkira. “We’re fortunate to have strong partners to help us meet that demand while we accelerate growth, explore exciting new opportunities, and continue delivering exceptional value to our customers. Our talented team is the engine behind Alkira’s success, and we’re deeply grateful for their hard work and dedication in getting us to this point.”

Delivering Agility, Security and Scalability in the Cloud-First Era

According to Gartner, in 2024, worldwide end-user spending on public cloud services is forecast to total $679 billion and projected to exceed $1 trillion in 2027. This digital transformation is compelling enterprises to rethink their complete network infrastructure. Long-term trends like Artificial Intelligence (A.I.) are further reshaping how organizations use data, making efficient and secure networking even more critical. With its innovative network infrastructure as-a-service platform, Alkira empowers businesses to seamlessly deploy, manage and optimize their entire network infrastructure to prioritize efficiency, agility, security and scalability.

Alkira’s Differentiators

Alkira provides a unique value proposition by offering:

• On-demand network infrastructure as-a-service with integrated security and networking services available globally
• The ability to securely connect any cloud, any on-prem location, any remote user or app to any other point of presence
• Agility, elasticity, intelligence, security, and scale for traditional networking use cases
• A platform to build global, secure networks in minutes, eliminating the need to acquire hardware, manage physical circuits, and run software appliances or agents on-site

“Increasing cloud and A.I. use is also increasing the complexity, velocity, and scale requirements of network infrastructure,” said Rohit Iragavarapu, investor at Tiger Global.  “We believe Alkira is well positioned to unlock the growing potential of this rapidly evolving space with its visionary approach, market traction, and cutting-edge technology.”

“The future of technology is predicated on innovative solutions that are not only powerful but also accessible and easy to use,” said Avie Tevanian, co-founder and managing director of NextEquity Partners. “Alkira’s on-demand networking infrastructure is exactly that – it delivers tremendous value and simplifies the most difficult network challenges for enterprises. We’re excited to be a part of their journey as they continue to push the boundaries of network infrastructure.”

“Co-founders Amir Khan and Atif Khan, who successfully built and exited a networking company, have now put together an incredible team with deep technical knowledge and expertise in the networking space,” said Arvind Ayyala, partner, investments at Geodesic Capital. “We’re proud to support their innovative approach to creating on-demand network infrastructure and a comprehensive solution addressing both NaaS and cloud networking while integrating security — all crucial and perfectly aligned with today’s cloud and AI-first era.” 

“The entertainment industry never sleeps, and Warner Music Group has been working with Alkira for years to revolutionize how we manage and protect our network infrastructure,” said John Remo, SVP, global infrastructure and security at Warner Music Group. “Alkira’s innovative platform has not only simplified network management but has also empowered us to prioritize business growth initiatives with confidence. With Alkira, we’ve gained the agility and flexibility needed to navigate the dynamic entertainment landscape, and we look forward to the future, together.”

Accelerating Innovation

The substantial Series C investment will fuel Alkira’s efforts to accelerate innovation and revolutionize how networks are consumed by enterprises, including by:

• Expanding its best-in-class multi-cloud networking solution portfolio;
• Delivering new connectivity models for the global Wide Area Network (WAN) network;
• Further simplifying how customers connect to their business partners;
• Increasingly allow customers to stop looking at networking and security in isolation and instead providing them an end-to-end secure network;
• Readying the network for increased A.I. workloads and leveraging A.I. for efficient networking (Networking for A.I. and A.I. for networking).

To learn more about Alkira, please visit https://www.alkira.com.

About Alkira
Alkira is the leader in on-demand network infrastructure as-a-service. We unify multiple clouds, sites, and users via an enterprise network built entirely in the cloud. The network is managed using the same controls, policies, and security systems network administrators know, is available as a service, and can instantly scale as needed. There is no new hardware to deploy, no software to download, and no cloud architecture to learn. Alkira’s solution is trusted by Fortune 100 enterprises, leading system integrators, and global managed service providers. Learn more at alkira.com and follow us @alkiranet.

About Tiger Global Management
Founded in 2001, Tiger Global Management, LLC (“Tiger Global”) is a New York-based investment firm pursuing a long-term approach to investing in leading, global public and private companies that leverage technological innovation. Tiger Global’s public equity business includes fundamentally oriented long/short, long-focused and crossover strategies, targeting investments in high-quality, public growth companies. The private equity business invests in early through late stage companies that pursue innovative approaches to new and existing industries, building on over 20 years of experience investing in hundreds of businesses in more than 30 countries with more than 90 portfolio company IPOs. With a strong track record investing across sectors and stages, Tiger Global aims to be a thought partner to companies and their management teams across their lifecycle in public and private markets.  The Firm’s mission is to generate world-class returns for its investors and to do so in a way that makes its employees, partners and portfolio companies proud.

Media Contacts                                                                                                                            

Lumina Communications for Alkira
[email protected]

SOURCE Alkira

Founded in 2023, Haven has quickly gained significant traction in the market, serving 120 customers, including notable startups such as Mesh, Martian, Coframe, and many others. The company’s success is attributed to its unique approach to accounting, which prioritizes exceptional customer service and the use of technology to automate repetitive tasks.

“We’re thrilled to have the support of such an incredible group of investors as we continue to grow and redefine the accounting experience for startups and SMBs,” said Cyrus Shirazi, CEO and founder of Haven. “Our focus on providing a world-class customer experience and leveraging technology to streamline processes has resonated with our clients, and we’re excited to use this funding to further enhance our services.”

Haven’s founding team, led by Shirazi, works together in the Hudson Valley, NY, fostering a unique culture of collaboration and customer-centricity. Shirazi brings extensive experience to his role, having served as the first business hire at fintech bank Meow and as an early employee at tax credit firm MainStreet.

With well over 50% of its growth driven by organic referrals, warm introductions, and inbound leads, Haven has demonstrated the effectiveness of its customer-first approach. The company plans to use the funds raised to invest in delivering the best customer experience in the accounting industry, building technology and hiring top-tier talent.

For more information about Haven and its services, please visit www.usehaven.com.

About Haven:

Haven is a modern accounting team that combines exceptional customer service with advanced technology to provide startups and SMBs with a seamless, stress-free accounting experience. Founded in 2023, Haven has quickly established itself as an emerging leader in the industry, serving over 120 clients and achieving profitability within its first year of operation.

SOURCE Haven

MONTREAL, May 15, 2024 – Relocalize, a Quebec-based cleantech startup, today announced the 2nd closing of its $5.8 million seed funding round to scale up its autonomous microfactory platform, raising $1 million more capital than originally anticipated.

Relocalize cuts greenhouse gas emissions and costs by deploying microfactories at grocery distribution centers to produce food and beverages hyper-locally. By decentralizing production, Relocalize is able to eliminate 100% of middle-mile transportation and de-risk supply chains.

This seed extension was spearheaded by Desjardins Capital with ongoing support from initial seed investors, including i4 Capital, Waterpoint Lane, and RGS Ice. The investment will be used to accelerate the development and deployment of Relocalize’s technology platform and deploy full-scale microfactories in Canada and the United States. The company plans to double its engineering team in the coming months to meet strong demand from retailers in the packaged ice market segment.

D. Wayne McIntyre, CEO of Relocalize, emphasized the impact of the new funding: “Bringing on a capital partner like Desjardins Capital at the seed stage gives our vision for a truck-free future for manufactured foods a huge boost. We’ll be moving quickly to scale up deployments of our first-to-world micro-factories with grocery retailers.”

Nathalie Bernard, Chief Operating Officer at Desjardins Capital, said: “Relocalize’s vision is to provide solutions to reduce the environmental impact of food and beverage production and transportation. This investment is consistent with Desjardins Group’s objective of achieving, by 2040, a net zero emissions balance sheet on its extended operations and on its equity financing and investment activities in three key carbon-intensive sectors: energy, transportation and real estate.” 

This seed round extension follows the first seed round closing of $3.5M in September, led by i4 Capital, a Quebec-based deeptech fund, Waterpoint Lane, a Toronto-based impact fund and RGS Ice based in California.

About Relocalize

Relocalize is pioneering the transformation of the food system sustainability through decentralized production. Their autonomous production platforms, strategically positioned in retailer distribution centers, aim to disrupt traditional food and beverage industries by eliminating unnecessary transportation and associated emissions. For more information, visit https://www.relocalize.com/. 

About Desjardins Capital

Backed by 50 years’ expertise, Desjardins Capital‘s mission is to contribute to the prosperity of individuals and communities by investing in the growth of Quebec businesses. With assets under management of $3 billion as of December 31, 2023, Desjardins Capital contributes to the longevity of nearly 760 companies, cooperatives and funds in various sectors of activity from all regions of the province. In addition to contributing to socio-economic development, productivity and the adoption of sustainable practices, this subsidiary of Desjardins Group offers entrepreneurs access to a broad business network, enabling them to be accompanied and supported in their projects. 

SOURCE Relocalize

BOSTON, May 15, 2024 — Metaplane, the leading data observability platform, today announced an investment from Snowflake Ventures, on the heels of a sharp increase in joint customers with Snowflake, strategic product development, and Metaplane’s Series A fundraising announcement just a few months ago led by Felicis Ventures. This brings Metaplane’s total investment to just over $23M raised within the past 2 years, with additional investor participation from Khosla Ventures, Flybridge, Y Combinator, Stage 2 Capital, B37, and SNR.

Metaplane was founded to help save time and preserve trust for data teams. Their data observability platform proactively detects data quality issues before downstream users are impacted. This is accomplished with proprietary ML-based anomaly detection, end-to-end column-level lineage to ease incident management, and tools to help proactively prevent incidents before they occur.

Several of Metaplane’s high-impact product investments were built specifically for joint customers with Snowflake, including:

The growing list of joint customers includes the fastest-growing startups like Ramp, Klaviyo, and ClickUp as well as leading enterprises like Bose and Sotheby’s. As more users choose the Snowflake Data Cloud for their analytics, ML / AI, and application development, the need to ensure trusted, accurate, high-quality data is higher than ever.

“Like the iPhone, Snowflake is an enabling technology,” says Kevin Hu, CEO of Metaplane. “While companies have been running SQL scripts to check data quality for decades, Snowflake has made it possible to achieve continuous visibility into the state of your data. They have not only enabled the category of data observability but also have been the central partner in its ongoing development.”

“However, this is only the beginning. As Snowflake continues to push our industry forward across data, apps, and AI, the need for reliable data will only grow. Their investment supports our commitment to developing the best-in-class integration for both the existing Metaplane service and our Snowflake Native App. If Snowflake is the iPhone of data platforms, Metaplane is the AirPods – seamlessly integrated and best when paired together.”

Metaplane’s near-term product roadmap for the Snowflake Data Cloud integration includes support for Snowflake features such as Tasks, Streams, Secure Data Share, Snowpipe, Snowpark, Snowflake Native Apps, Streamlit in Snowflake, and Snowpark Container Services. Together, these integrations empower customers with some of the most critical workloads such as data engineering, collaboration, application development, and AI/ML.

“Snowflake customers continue to expand the possibilities of data by leveraging innovative features in the Data Cloud, such as Snowpark, Dynamic Tables, and the Snowflake Native App Framework,” said Ashwin Kamath, Senior Product Manager, Observability at Snowflake. “We chose to invest in Metaplane because it helps ensure the high-quality data necessary across these initiatives. Outside of the perfect technical fit and strength of their team, joint customer feedback on how Metaplane and Snowflake work together has been resoundingly positive.”

About Metaplane
Metaplane ensures that companies can trust the data that powers their business. Metaplane’s best-in-class data observability platform monitors your data warehouse to catch data quality issues when they happen and help prevent incidents before they occur. In doing so, Metaplane helps avoid costly mistakes, saves data teams hours spent debugging, and fixes issues before downstream users and customers are affected. To learn more or get started for free, visit https://www.metaplane.dev.

Media Contact 
[email protected]

SOURCE Metaplane

PHOENIX, May 15, 2024 — Trinity Capital Inc. (NASDAQ: TRIN) (“Trinity”), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $25 million in growth capital to Elevate K-12 (“Elevate”), a Chicago-based company that provides high-quality synchronous LIVE teaching for K-12 classrooms in the United States.

Elevate delivers high-quality LIVE teaching to K-12 classrooms from state-certified and qualified teachers to solve the challenges caused by teacher vacancies across the country. The company was featured in Time and Statista’s list of the top 250 EdTech companies and was recently recognized as one of Forbes’ America’s Best Startup Employers for 2024.

“We are excited to be part of the Elevate K-12 journey,” said Kevin Zeidan, Managing Director, Tech Lending at Trinity. “Their commitment to providing high-quality, live instruction to underserved schools across the country is essential, and we look forward to the company’s continued expansion and growth.”

This new growth capital will enable Elevate to increase working capital, scale operations, and fund growth initiatives.

“Elevate is boldly creating the new category of LIVE teaching to ensure all children receive a remarkable education, because that is what they deserve,” said Shaily Baranwal, CEO and Founder of Elevate. “This capital enables us to accelerate our ability to serve the needs of schools, districts, students, and teachers.”

About Trinity Capital Inc.

Trinity Capital Inc. (Nasdaq: TRIN), an internally managed business development company, is a leading provider of diversified financial solutions to growth-stage companies with institutional equity investors. Trinity Capital’s investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans and equipment financings and equity-related investments. Trinity Capital believes it is one of only a select group of specialty lenders that has the depth of knowledge, experience and track record in lending to growth stage companies. For more information, please visit the Company’s website at www.trinitycap.com.

About Elevate K-12

Elevate K-12 is a Chicago-based instructional services company that brings remarkable LIVE teaching to K-12 classrooms across the U.S. Schools and districts partner with Elevate K-12 to provide effective and engaging teaching to their students in any classroom, especially in hard-to-staff subjects. Its tech-enabled service was built for K-12 education and is powered by certified, qualified teachers using state-aligned curriculums. Elevate K-12 is rapidly expanding throughout the U.S., providing equity in education nationwide. For more information, visit elevatek12.com and follow us on LinkedIn.

SOURCE Trinity Capital Inc.