Latest raise to support continued sales growth, product innovation, and acquisitions.

IRVINE, Calif., May 15, 2024 — Restaurant365, the leading all-in-one restaurant enterprise management platform, today announced a $175 million funding round led by long-term partner ICONIQ Growth with participation from current investors, including KKR and L Catterton. The funding comes on the heels of 12 consecutive quarters exceeding sales targets, which drives confidence in future growth potential. 

“Restaurant365’s growth is a testament to their ability to create powerful solutions that bolster operations, improve margins and empower the workforce at restaurant companies of all sizes,” said Will Griffith, Founding Partner of ICONIQ Growth. “We’re honored to participate in this incredible opportunity to help the restaurant industry succeed in a way that once seemed impossible.”

Proceeds from the round will be invested in expanding enterprise features and growing the workforce and payroll product suite to continue supporting the world’s largest, most notable hospitality brands. Funds will also strengthen the company’s balance sheet to facilitate future acquisitions and support continued organic growth.

“We’re grateful our investors continue to value the business and its upward trajectory as demonstrated by this most recent vote of confidence,” said Restaurant365 CEO and Co-founder Tony Smith. “We take that trust from them seriously as well as the trust placed in us by our customers and the industry at large. We will continue our relentless pursuit of developing products that add value in new ways to this great industry.”

This latest round follows Restaurant365’s recent acquisition of ExpandShare, an AI-powered learning management system built to deliver and track impactful restaurant training content.

In addition to adding employee training to its offerings, Restaurant365 expanded its all-in-one platform over the past year with tip automation, task management, restaurant intelligence dashboards, and Capture AI, which brings the power of machine learning to invoice management.

About Restaurant365®

Restaurant365 is the industry’s leading all-in-one, cloud-based accounting, inventory, scheduling, payroll, and HR solution developed specifically for restaurants. R365’s restaurant enterprise management software simplifies day-to-day management for operators, allowing them to control food costs and optimize labor. Integrations and open APIs enable Restaurant365 to connect with other systems, including POS providers, vendors, and banks. The result is accurate, timely reporting that provides a clear and complete view of their businesses. Restaurant365 is based in Irvine, California with an office in Austin, Texas. The company is backed by Bessemer Venture Partners, ICONIQ, KKR, L Catterton, and Serent Capital. Additional information is available at restaurant365.com.

About ICONIQ Growth

ICONIQ Growth partners with visionaries defining the future of their industries to transform the world. Our investment platform and unique ecosystem helps amplify our portfolio companies’ success from early growth stage to IPO and beyond. Our portfolio includes Adyen, AirBnB, Alibaba, Alteryx, Automattic, BambooHR, Braze, Chime, Collibra, Coupa, Datadog, Docusign, Gitlab, Marqeta, Miro, Procore, Red Ventures, Relativity, ServiceTitan, Snowflake, Sprinklr, Truckstop, Uber, Wolt, and Zoom, among others. For more information, please visit ICONIQGrowth.com.

Media contact:
[email protected] 

SOURCE Restaurant365

LONDON, May 14, 2024 — Sona, the next-generation, intelligent workforce management platform for frontline enterprises founded by Steffen Wulff Petersen, Oli Johnson and Ben Dixon, announced today its $27.5M Series A. Felicis led the financing with participation from Northzone, Google’s AI-fund Gradient, SpeedInvest, Antler, BAG Ventures, and numerous notable angels participated in the round. Sona has raised $40M+ to date and will use this fresh round of capital to expand its go-to-market function and build more advanced AI capabilities on its platform. In 2023 alone, Sona experienced an explosive 400%+ revenue growth. To date, over 4.6 million shifts have been created on Sona.

The frontline workforce represents nearly 2 billion people worldwide, 56% of the global workforce. In spite of this, frontline innovations have received <1% of VC funding, with 99% of venture investment deployed in technology for white-collar staff. Today, the tools and systems provided to frontline enterprises are ineffective, poorly-integrated, and not built for the complexity of frontline workflows. For decades, this lag in innovation has led to a poor experience for employees and incorrect deployment of labor, leading to unnecessary costs, suboptimal service, and revenue left on the table.

“With Sona, we’re building the ‘self-driving car’ of running a restaurant or a care home”, said Steffen Wulff Petersen, co-founder of Sona. “The last 20 years of workforce management was dominated by legacy point solutions that digitized simple paper processes. Sona is building the next generation of WFM with a truly intelligent platform that enables organizational leaders in complex, multi-location enterprises to put the right people, in the right place, at the right time; and to seamlessly manage their workforce end-to-end.”

Since 2020, frontline enterprises have faced multiple external headwinds: inflationary forces, demand volatility, and staff shortages. These businesses already operate with low single-digit margins and labor mismanagement remains the single biggest, and controllable, cost. Companies are now actively modernizing as they are entering the vendor replacement cycle or moving away from paper and spreadsheets. With Sona’s industry-specific and highly configurable software, their customers can pull multiple efficiency levers. AI acceleration, accurate forecasting, data-driven productivity models, and automated scheduling drive more intelligent deployment of labor which directly translates into significant profit increases.

“It’s great to see Sona provide an industry-leading solution for such a critical area for hospitality. Having been involved with ever-evolving workforce management platforms for nearly ten years, the results seen with Sona are impressive – from smart AI-enabled dynamic forecasting to auto-scheduling and, importantly, employee preferences and a slick ‘consumer grade’ app for ease of use,” said David Campbell, tenured executive (Chairman, CEO) of numerous hospitality businesses (including wagamama, PizzaExpress, The Ivy Collection, Bill’s Restaurants, Ole & Steen) and industry employee initiative Hospitality Rising. “Quite rightly, hospitality businesses are driving productivity and efficiency while building customer service – Sona has demonstrated the ability to help grow sales and optimise staffing.”

Sona’s exponential growth is driven by the speed of product delivery, high configurability, and sector expertise translating into product features specific to the social care and hospitality industries today. Unlike legacy platforms, Sona’s modern technology has been built from the ground up for real-time data processing and insights. Leveraging the Elixir programming language and large language models, Sona offers AI-powered real-time actionable feedback driving intelligent decision making leading to workforce productivity gains.

“We are proud to lead Sona’s Series A round and support its mission to empower frontline enterprises with cutting-edge workforce management solutions,” shared Niki Pezeshki, General Partner at Felicis. “We believe in Sona’s potential to redefine how businesses in sectors like social care, restaurants, and hospitality manage their workforce, and we’re excited to be part of their journey towards reshaping the future of work. Ben, Oli, Steffen and the Sona team have already helped over 100,000 frontline workers schedule shifts, and we know so many more will appreciate smarter software that enables their work.” 

About Sona

Sona is the next-generation, intelligent workforce management platform for frontline enterprises founded by Steffen Wulff Petersen, Oli Johnson and Ben Dixon. Today, care homes, restaurants, and hotels all use Sona to empower their staff, driving intelligent deployment of labor which directly translates into significant operating efficiencies. To learn more, visit www.getsona.com.

About Felicis

Founded in 2006, Felicis is a venture capital firm investing in companies reinventing core markets, as well as those creating frontier technologies. The firm was the first to offer a Founder Development pledge, providing needed resources to help founders scale themselves. Felicis focuses on early-stage investments and currently manages over $3B in capital across nine funds. The firm is an early backer of more than 49 companies valued at $1B+. More than 100 of its portfolio companies have been acquired or gone public, including Adyen, Credit Karma, Cruise, Fitbit, Guardant Health, Meraki, Ring, and Shopify. The firm is based in Menlo Park and San Francisco in California. Learn more at felicis.com.

Logo – https://mma.prnewswire.com/media/2217830/Sona_Logo.jpg

SOURCE Sona

MINNEAPOLIS, May 14, 2024 — SHAED, a pioneering platform that enables the future of mobility, is proudly unveiling its first marketplace product, CommercialEVs.com. This product is part of a first-of-its-kind solution aimed at transforming the transportation industry. SHAED’s innovative approach connects all stakeholders and stages within the lifecycle of commercial vehicles, seamlessly integrating the physical, technological, and operational aspects of mobility.

SHAED, which stands for Shared, Hydrogen, Autonomous, Electric, and Distribution, is redefining the way we think about sustainable transportation through education, the digitization of legacy processes, and AI-driven recommendation engines.

The Journey: From Concept to Ecosystem
The SHAED team draws on extensive experience from all aspects of the commercial transportation sector. Recognizing the disruptions and challenges inherent to this evolving industry, the SHAED platform creates a collaborative environment, leading with its marketplace solution. The SHAED marketplace is the first product launched from its robust roadmap, which offers a comprehensive solution addressing:

Product Lifecycle: Starting with the initial concept and continuing through manufacturing, upfitting, charging, and support services, SHAED’s product roadmap covers the entire vehicle journey from acquisition to disposition.

Software and Tools: SHAED recognizes that the shift to sustainable energy disrupts traditional processes and tools. The company’s solution facilitates the digitization of legacy processes, leveraging modern architecture to infuse AI into workflows, streamlining operations, and enabling automation.

Sustainable and Profitable: SHAED’s platform empowers businesses to transition responsibly to sustainable solutions, catering to users at every stage of the process. By optimizing the customer journey, SHAED enables users to reduce their carbon footprint today while enhancing profitability for tomorrow.

CommercialEVs.com Marketplace
SHAED is thrilled to announce the launch of CommercialEVs.com, an innovative marketplace crafted on modern platform architecture. Its product infrastructure fosters engagement among all stakeholders in a standardized, collaborative environment, simplifying the successful deployment of EVs at scale. With a dedicated focus on providing comprehensive resources, education, and performance transparency, SHAED is committed to empowering businesses to embrace sustainable mobility solutions.

The Power of AI and Future Growth
SHAED’s platform is built to accommodate the accelerating capabilities of AI, providing the framework for future recommendation engines and delivering a seamless end-to-end digital experience. Developed collaboratively by top-tier developers and industry experts, SHAED is finely tuned to address and adapt to specialized challenges inherent in the mobility sector.

From Industry to Ecosystem
Clean energy vehicles necessitate a departure from conventional problem-solving approaches within specific industries toward embracing an ecosystem mindset, characterized by interoperability across multiple domains. SHAED’s ecosystem harnesses a diverse array of expertise, resources, and perspectives to confront the intricate challenges within mobility, transcending traditional industry silos. The mobility platform fosters a dynamic and adaptive environment, facilitating rapid scaling and adaptation as new technology emerges.

People-Centered Progress
SHAED’s vision is not just about technology and infrastructure but about people. By fostering meaningful conversations and offering solutions that address real-world needs, SHAED empowers businesses and individuals with the essential tools to navigate the evolving landscape of sustainable mobility.

“SHAED’s mission aligns with the urgency of our times, catalyzing the shift towards a sustainable future. By fusing the most advanced technologies, we’re not just predicting the future; we’re actively creating it. Our platform doesn’t just adapt to changes; it drives them, ensuring that every participant in the mobility ecosystem can thrive amidst rapid evolution,” said Ryan Pritchard, CEO.

Series Seed Funding
SHAED has been funded by a $5.7 million Seed Preferred round, which closed in 2023 and was led by EnerTech Capital, along with Powerhouse Ventures, Joe Pritchard, CEO of Pritchard Companies, and two undisclosed corporate strategic partners.

For more information, please contact:
Eddie Schick, CFO
Email: [email protected]
shaed.ai
commercialevs.com

SOURCE SHAED, Inc.

NEW YORK, May 14, 2024 — Sharp Alpha Advisors announced the closing of Sharp Alpha Fund II, an oversubscribed $25 million venture capital fund investing in early-stage sports, gaming, and entertainment businesses.

Existing investments in Fund II include C15 Studio, which recently emerged from stealth mode as the operator and distributor of Formula 1’s new streaming channel. Previous investments include Almost Friday Media, Jackpot.com, and Betcha (acquired by Vivid Seats).

The fund targets seed investments ranging from $1 – 2 million. Sharp Alpha also operates a co-investment vehicle that provides limited partners the ability to invest additional capital in select deals alongside the fund.

Managing Partner Lloyd Danzig was recently named to Business Insider’s Top Venture Capitalists in Sports and ELG’s 40 Under 40. He is frequently featured by CNBC, The New York Times, and The Wall Street Journal.

The fund is backed by public companies, US financial institutions, pro sports team owners, family offices, top venture capitalists, and funds of funds, among others.

According to Danzig, there is a significant opportunity at the intersection of sports, gaming, media, and technology. “The competitive entertainment category is experiencing exponential growth but at the same time is desperate for innovation that early-stage companies are best positioned to supply.”

The fund has exceeded its $25 million capital raise target and expanded the size of its deal team.

Commenting on current market conditions, Danzig explained, “we are entering the most favorable period in the last 15 years to bet on great founders.”

Sharp Alpha’s advisory board includes Keith Horn, founder of Loring Capital Advisors and former COO of Elliott Management and Global Head of Leveraged Finance at Merrill Lynch; Emanuel Pearlman, the former Chairman of Empire Resorts and board member at several public companies; Daniel Bernard, Founder and Chairman of Redwood International Sports; Roy Behren, the President and Chief Investment Officer of a $5.2 billion asset manager; and Don Kornstein, the Vice Chairman of Caesars Entertainment and former executive at numerous successful gaming companies.

In addition to investment capital, the firm provides portfolio companies with a suite of resources and opportunities spanning fundraising, revenue generation, brand awareness, commercial strategy, financial planning, and product development.

More information about Sharp Alpha Advisors is available at https://www.sharpalphaadvisors.com/.

About Sharp Alpha Advisors:
Headquartered in New York City, Sharp Alpha Advisors is a venture capital firm specializing in sports, gaming, and entertainment.

SOURCE Sharp Alpha Advisors

The Successful Closes Increase the Firm’s AUM to More Than $7.5 Billion

CHAPEL HILL, N.C., May 14, 2024 — TrueBridge Capital Partners, a venture capital investment firm, has raised $1.6 billion in commitments across five investment vehicles focusing on venture funds and technology companies: TrueBridge Capital Partners Fund VIII, TrueBridge Seed & Micro-VC II, TrueBridge Direct Fund III, TrueBridge Secondaries I, and TrueBridge Blockchain I. The funds received support from both existing limited partners and new investors, including foundations and endowments, pension funds, family offices, and high-net-worth individuals. With these closes, the Firm manages more than $7.5 billion in assets.

TrueBridge Capital Partners Fund VIII, L.P.

TrueBridge Capital Partners today announced the close of its eighth venture capital fund of funds, Fund VIII, with $884 million in commitments. The fund surpassed its fundraising target with support from new and existing investors. Over the history of the Firm, TrueBridge has maintained a disciplined strategy of investing in top-performing, access-constrained venture capital firms focused primarily on early-stage technology companies. Fund VIII will continue this strategy by concentrating commitments in high-performing venture firms while ensuring diversification by sector and vintage.

“We are proud to continue our partnerships with high-performing managers and companies that are driving innovation,” said Edwin Poston, General Partner at TrueBridge Capital. “Amid current market conditions, we have seen a flight to quality across venture, where only the best founders, ideas, companies, and funds have the ability to raise capital. We are grateful for the continued support from our limited partners, enabling us to empower venture capital investors and technology companies that are shaping the future.”

TrueBridge Seed & Micro-VC II, L.P.

Seed & Micro-VC II held a final close with $189 million in total commitments. TrueBridge expanded its strategy into the seed space in 2011 and launched its first dedicated seed & micro-VC fund of funds in 2019. Building on the success of its predecessor, Seed & Micro-VC II represents the Firm’s continued commitment to investing in seed and micro-VC managers focused on nurturing companies at the earliest stages of formation.

TrueBridge Direct Fund III, L.P.

Direct Fund III held a final close with $253 million in total commitments. Direct Fund III is the Firm’s third investment vehicle investing directly in select mid- to late-stage technology companies alongside respected venture managers. The Firm’s deep relationships with its fund managers provide early access to crucial information, deal flow, and introductions to top management. TrueBridge began investing directly in companies in 2008 and launched its first dedicated fund in 2015.

TrueBridge Secondaries I, L.P.

TrueBridge launched its first dedicated secondaries fund, Secondaries I, which held a final close at $230 million in total commitments. Secondaries I aims to build a blended portfolio of top-performing mid- to late-stage companies and venture fund stakes through the rapidly growing venture secondaries market. Leveraging the Firm’s relationships and knowledge of the venture ecosystem, Secondaries I is poised to capitalize on opportunities within this evolving market.

“The growth of the venture secondaries market is providing limited partners with new and expanded access to high-performing assets with enhanced visibility and potential shorter remaining hold periods in addition to possible discount pricing,” said Andrew Winslow, Partner at TrueBridge Capital. “The launch of our dedicated secondaries fund underscores our commitment to capitalizing on this growing market for limited partners.”

TrueBridge Blockchain I, L.P.

Blockchain I, TrueBridge’s first dedicated blockchain fund, held a final close at $62 million in total commitments. With Blockchain I, TrueBridge aims to curate a blended portfolio of top-performing blockchain-focused venture funds and high-potential companies within the sector. The dedicated fund enables the Firm to capitalize on underlying market momentum while meeting limited partner demand in a complex and evolving sector.

“We recognized the potential of blockchain technology early on, and this dedicated fund underscores our ongoing commitment to this transformative sector,” said Mel Williams, General Partner at TrueBridge Capital.

Since its founding in 2007, TrueBridge has maintained a focus on investing solely in venture capital opportunities. This includes commitments to access-constrained venture capital managers and direct investments in some of the highest-performing tech startups alongside select managers. Over the past decade, TrueBridge has deepened its platform of venture capital opportunities, establishing funds to support both of these strategies.

About TrueBridge Capital Partners

TrueBridge Capital Partners is a venture capital investment firm managing more than $7.5 billion in assets. TrueBridge focuses solely on venture capital, investing in top-performing, access-constrained venture funds focused primarily on early-stage IT, as well as directly in select venture and growth-stage technology companies. The Firm builds portfolios to help partners access opportunities in venture capital through its established commingled funds as well as customized solutions. TrueBridge is the data partner behind Forbes’ Midas List, Midas Seed List, Midas List Europe, and Next Billion-Dollar Startups, and is a regular venture-focused contributor on Forbes’ platform. The firm was founded in 2007 and is headquartered in Chapel Hill, North Carolina. For more information, please visit www.truebridgecapital.com.

TrueBridge Capital Partners · 1011 S. Hamilton Road Suite 400 · Chapel Hill, NC 27517 · 919.442.5201 · truebridgecapital.com

SOURCE TrueBridge Capital Partners

New AI Tool Empowers Litigators Unprecedented Transcript Analysis Across Entire Library

LOS ANGELES, May 14, 2024 — Steno, the tech-enabled provider of legal support and court reporting services, launched a first-of-its-kind generative AI tool for transcript analysis called Transcript Genius, which revolutionizes how attorneys interact with transcripts.

With the unveiling of Transcript Genius, Steno also announced the completion of $46 million in additional capital.

Transcript Genius transforms the traditional, labor-intensive process of transcript analysis, offering a much-needed solution that saves time while enhancing case strategy. The tool enables dynamic interaction with a library of transcripts in a case, empowering litigators to efficiently parse testimony to identify key facts, inaccuracies, and conflicting information within seconds.

This new potential to dynamically engage with transcripts enables litigators and legal teams to quickly access customized insights, streamlining their workflow and uncovering details in testimony that might otherwise be overlooked. With the ability to ask their own questions about testimony, attorneys will be better equipped to make informed decisions faster than ever before.

“At Steno, we recognize the exhaustive effort litigators put into reviewing transcripts. Transcript Genius is our response to their call for smarter, more efficient tools. It’s about empowering them to maximize their time and talents in pursuit of justice,” said Dylan Ruga, Steno’s co-founder and president.

This sentiment is echoed in the legal community, with early adopters praising the platform’s capacity to provide instant, relevant insights.

“Adopting Transcript Genius into our firm’s practice has been a game-changer. What used to take hours now takes minutes, and we’re more confident than ever in our case strategies,” said Cindy Hickox, an early beta user and seasoned litigator.

Notable features of Transcript Genius include:

• Gives litigators the capability to ask any question, providing customizable responses tailored to specific case needs
• The ability to highlight inconsistencies and discrepancies within and between transcripts with just a click
• Deeper analysis of testimony to strengthen arguments, including page and line references for manual follow-up
• An all-in-one platform feature for seamless integration into attorney workflows

The platform’s power to adjust the focus, detail, and length of its answers enables litigators to drill into the aspects that matter most. Whether preparing for trial or strategizing for a settlement negotiation, Transcript Genius turns hours of transcript review into minutes of targeted analysis.

To learn more about Transcript Genius and to join the Steno Beta Program, visit https://steno.com/genius

About Steno:
Founded on the simple idea that deposition services shouldn’t be an obstacle when trying to win a case, Steno is at the forefront of the court reporting and legal technology industries. Steno focuses on providing attorneys with innovative tools and options that overcome the technological and financial hurdles that arise when proving a case. As a partner in the pursuit of justice, Steno understands the unique challenges faced by legal professionals and is committed to delivering practical, impactful solutions.

To learn more about Steno or to request information about its services, visit www.steno.com

SOURCE Steno

Interactive Platform Offers Mentorship and Investment Opportunities to Aspiring Young Business Leaders

LOS ANGELES, May 14, 2024 — Newpreneurs announced its upcoming groundbreaking debut as a virtual reality show created by serial entrepreneur, business mogul, and dedicated futurist Victor Green. Designed to democratize the entrepreneurial journey for much younger thinkers, the show provides a dynamic platform for young Gen Z innovators who can pitch their ideas via compelling 90-second videos – all in the hopes of securing significant funding of up to $250,000 from a panel of Angel Investors.

“Newpreneurs is more than just another reality show – it’s a movement,” said Victor Green. “We are dedicated to uncovering the brightest young minds across the nation, offering them starting capital, but also guidance and exposure. The show leverages the latest tech to connect participants with both Angel Investors and mentors, simulating a high-stakes boardroom environment in an accessible digital format to help uncover the great ideas of tomorrow.”

Newpreneurs: The Show

Created specifically for middle, high school and college students who are often overlooked by traditional investment channels, Newpreneurs nurtures a younger demographic for their business acumen, while also empowering them to step confidently onto the entrepreneurial stage. There is no fee to sign up, and key features of the show include:

• Virtual Reality Experience: Participants use avatars to pitch in a digital boardroom, making entrepreneurship accessible, safe, and personable.
• Significant Funding Opportunities: Aspiring entrepreneurs can secure up to $250,000 in seed capital to bring their innovative ideas to life.
• Expert Mentorship: The show offers extensive mentoring from industry leaders, ensuring participants are well-prepared for their upcoming entrepreneurial journey.
• Weekly Episodes: Each week features two new young entrepreneurs, with daily episodes leading up to the final pitch and investment decision.
• Mentoring: Not ready to sign up and pitch or want to just learn from experts on how to make a successful business, Newpreneurs.com offers free mentoring simply for signing up.

“Newpreneurs fosters a supportive community for young creators. And we provide a safe yet exciting platform where their ideas are heard, refined, and celebrated,” Green explained.

Newpreneurs: The Leaders

• Victor Green: Victor is the author of the book “How to Succeed in Business – by Really Trying.” With over 50 years in various industries, Victor brings unmatched business acumen to guide young entrepreneurs.
• Brehnen Knight: CMO and serial entrepreneur, Brehnen has multiple degrees and interests in Cultural Anthropology, Psych-Bio, International Marketing, and Operational Management. Specializing in Gen Z and Gen A marketing, Brehnen’s expertise in advertising and problem-solving directly supports participant success.
• Dara Trujillo: A veteran in the industry with a wide-reaching career including significant tenure at Walt Disney Company, Dara leverages her entertainment and business development skills to enhance participant pitches and viewer engagement.

Newpreneurs: How to Participate

1.   Visit Newpreneurs Website (newpreneurs.com): Interested participants should go online for details on how to directly submit a 90-second video pitch of their product or idea.
2.   Digital Selection Process: Selected candidates will be invited to join the boardroom for a chance to pitch to real investors.
3.   Viewership Access: Episodes are available daily, allowing the public to gain insights into the entrepreneurial process and learn from real-time feedback and investor decisions.

Learn more about the video pitch process – and meet the Angel Investors who are making young entrepreneurial dreams come true.

About Newpreneurs

Founded by Victor Green, Newpreneurs bridges the gap between young potential and real-world opportunity. Using a virtual reality platform, the show makes entrepreneurial education and investment accessible to young entrepreneurs , fostering the next generation of business leaders – one great idea at a time. Explore the show at: www.Newpreneurs.com. And follow them via social media: Meta, Instagram, TikTok, LinkedIn, YouTube, X.

Media Contact:

Victor Green
[email protected] 
(310)435-2899

SOURCE Newpreneurs

NEW YORK, May 14, 2024 — Tiburon Subsea has launched its patent pending autonomous underwater thruster control technology, JETTE.

JETTE is a pioneering in-line dual vectored subsea robotic controlled propulsion system designed to meet the evolving demands within the underwater robotics market.

This revolutionary design employs dual fore and aft thrusters working independently and in tandem giving Unmanned Underwater Vehicles (UUV) enhanced capabilities.  The JETTE system offers increased speed, variable controls, maneuverability, durability, and redundancy over traditional UUV’s. This design eliminates the long-standing control plane weak points that have plagued UUV’s. JETTE provides extended hover/dwell/scan abilities and simplifies maintenance while providing redundancy and self-rescue. It is a unique system and an evolution in hydrodynamic efficiency.  

Breaking down barriers to emerging technology and facilitating its availability is a mission for Ocean Explorer, Founder and Tiburon Subsea CEO Tim Taylor. 

“Autonomous vehicles are opening new frontiers just as satellites have in space. Timely ocean data is a missing link. Renewable energy, climate change remediation, coastal engineering and security will all benefit from this technology.  Tiburon’s aim is to democratize access to autonomous robotic tech for stakeholders and caretakers. In facilitating access to data, we will increase awareness, care, and management of our ocean resources and environment in real-time,” states Taylor.

Tiburon Subsea is pioneering a new wave for the future of underwater robotics by developing a platform consisting of proprietary technology, engineering support, training, and logistical services. For more information contact Christine Dennison, [email protected] or 212-744-6763.

SOURCE Tiburon Subsea, Inc

WILMINGTON, Del., May 14, 2024 — Highperformr, a GenAI startup, today announced that it has secured $3.5 million in seed funding and launched its product, Highperformr for Teams, a modern social media management platform designed to help B2B businesses maximize their return on investment (ROI) from social media efforts by amplifying their social presence and driving meaningful engagement.

The funding round was led by Venture Highway, with participation from Neon, DeVC, and notable angel investors. The investment will be used for R&D to further develop Highperformr’s native AI capabilities and to build a strong distribution network.

“We’re delighted to introduce Highperformr to the market,” said Srivatsan Venkatesan, Co-Founder & CEO, Highperformr. “Our platform is designed to empower B2B businesses to unlock the full potential of social media, driving real ROI and growth. We’re confident that Highperformr’s social selling capabilities can empower teams to leverage social media for lead generation and nurturing, while our GenAI capabilities automate workflows to drive adoption and consistency among users.”

“Growing a pipeline with limited budgets is a challenge many CMOs face,” said Ramesh Ravishankar, Co-Founder & Chief Growth Officer, Highperformr. “The 95% of users who are not actively searching for products online are often overlooked in demand generation strategies. We’re flipping the script by focusing on the 95% of users who are not actively searching for products online, and building a community and target audience that can drive meaningful engagement and conversions.”

Highperformr’s social presence platform, Highperformr for Teams, is designed to help B2B companies streamline their social media workflows; support social publishing, scheduling, and crossposting; team collaboration with approval workflows; brand building through employee advocacy; social selling; and Social AI-driven analytics and insights.

The founders, Sri and Ramesh, come with experience in building successful CRM products and growing businesses at Freshworks and Google. They’re driven by the need to innovate and help businesses engage with their customers effectively and scale efficiently.

“With the seed round of funding, and the positive response to our product, Highperformr is set to shake up the social CRM market and build a product that will leverage LLM and GenAI technology to redefine how B2B companies engage with their audience and drive growth,” said Sri.

About Highperformr

Highperformr is a startup leading the way in GenAI-driven social presence for B2B businesses. Highperformr’s Social AI platform helps businesses boost their ROI on social media by amplifying their social presence and driving meaningful engagement through social platforms.

Highperformr is on a mission to redefine social CRM, particularly leveraging LLM. The founders Sri and Ramesh come with experience in building successful CRM products and growing businesses at Freshworks and Google, and are passionate about reshaping how businesses engage with their customers. Highperformr was founded in July 2023 with its headquarters in Delaware, US and offices in India.

Visit: https://www.highperformr.ai/

For further information, please write to [email protected].

Media Contact:

Sushma Udipi Nagendran
Mob: +91 9884749149
Email: [email protected]  

Photo: https://mma.prnewswire.com/media/2412264/Highperformr.jpg