A 50CUT Burger Has a 50% Lower GHG Footprint than Conventional Beef Burger 

NEW YORK, May 7, 2024 — According to a new life cycle assessment (LCA) from Boundless Impact Research & Analytics (Boundless), 50CUT, Mush Foods‘ innovative mushroom and mushroom root blend for chefs, produces nearly nil greenhouse gas emissions (GHG) (<.02kg CO2e per 113g patty). The food innovator’s 2024 Climate Impact Report demonstrates the significant impact the mushroom and mushroom root blend can have when used in meat dishes. Aptly named, chefs use 50CUT in place of approximately 50% of the meat by weight in a recipe, which translates to 1:1 reduction in CO2e emissions per burger.

These striking environmental benefits are the result of Mush Foods’ innovative production model. Mush Foods leverages advanced proprietary indoor farming techniques that upcycle local agricultural waste to rapidly cultivate premium nutrient-rich mushroom and mushroom roots (mycelium) which require very little light and water to grow. While beef accounts for 41% of the livestock industry’s emissions*, given the low GHG impact of 50CUT, foodservice operators can achieve significant overall reductions when including 50CUT in their meat dishes.

“We know that despite growing environmental concerns about meat, globally we are seeing notable increases in consumption. 50CUT is a remarkably efficient culinary response to this tension between aspiration and preference,” said Michele Demers, CEO of Boundless Impact Research & Analytics. “Mush Foods’ cultivation method efficiently produces a high-quality protein source that, when combined with beef, creates a burger virtually identical to a full-meat patty in taste, but significantly better environmentally.”

“While many consumers are willing to try vegetarian or vegan alternatives, very few strictly adhere to these lifestyles, despite the best of intentions. 50CUT can empower change without sacrifice,” said Shalom Daniel, co-founder and CEO of Mush Foods. “This LCA report makes clear that cutting meat consumption in half with 50CUT can have a true, meaningful impact.  Our goal is to create a food that can enable the broadest consumer base to have a positive environmental impact seamlessly. Our product name is a collective call to action.”

Cultivation and production of 50CUT aligns with key United Nations Sustainability Goals (SDGs) – the need for resilient and responsible production, resource use efficiency, decarbonization and land preservation. The Mush Foods Sustainable Meat Solutions Climate Impact Report, March 2024 was conducted by Boundless following ISO-guided methodology with assisted reference to EPA methodology and underwent third party review by John Holliday.  Boundless is an industry research and environmental impact analytics firm that provides objective and actionable information to move investment dollars more quickly toward clean technologies and companies driving positive environmental change.

About Boundless Impact Research & Analytics
Boundless is an industry research and environmental impact analytics firm that provides objective and actionable information to move investment dollars more quickly toward clean technologies and companies driving positive environmental change. We employ a science-based, data-driven approach, grounded in the proven methodology of Life Cycle Assessment (LCA). The scores and metrics derived are trustworthy and reliable because they are unbiased and validated by external industry and/or scientific experts.

About Mush Foods
Food industry veteran Shalom Daniel, Dr. Idan Pereman (Agriculture) and Dr. Dan Levanon (Biology) started Mush Foods, a culinary innovator and creator of 50CUT, a unique line of premium mushroom root and mushroom blends for use in ground meat dishes (beef, pork and poultry). When added to ground meat, 50CUT provides all the beneficial attributes of mushrooms, like umami flavor and positive nutrition, while significantly reducing the environmental impact of the dish.

Based in New York, Mush Foods works with local farmers to grow mushroom roots and mushrooms above ground through a proprietary and sustainable cultivation technique that maximizes access to this nutrient-rich and delicious culinary treasure that usually remains buried underground. Chefs and diners can count on 50CUT’s clean label – no seasonings, no binding agents, no additives, or preservatives.

Media Contact:

Barbara Marks

2035718103

[email protected] 

SOURCE Mush Foods

Prioritizes outstanding human talent for sustainable, long-term success

SAN FRANCISCO, May 7, 2024 — Today, GlassWing Equity, a financial firm pioneering a transformative shift in the venture capital industry, unveiled its innovative investment philosophy: ‘venture equity.’ This groundbreaking approach prioritizes long-term success and the intrinsic value of exceptional human talent, setting a new standard for startup investment.

“Unlike traditional VC models, which often place unrealistic pressures on startups, our venture equity model aligns incentives to partner businesses with investment to achieve a long-term vision,” said Matthew Laughlin, founder of GlassWing Equity.

The venture equity model offers a more cooperative management approach compared to traditional venture capital by deeply investing in the human elements of a business, such as leadership and team dynamics, alongside financial support. This methodology fosters sustainable growth and innovation by providing a business with not only capital but also strategic guidance, operational expertise, and a focus on long-term success rather than quick exits. Ultimately, venture equity aims to build stronger, more resilient companies poised for lasting impact within their respective industries.

Through its new website, www.GlassWingEquity.com, entrepreneurs can explore GlassWing Equity’s venture equity philosophy, investment criteria, and differentiated approach to partnership – one based on patient capital, sustainable growth strategies, and prioritizing exceptional talent.

GlassWing Equity nurtures portfolio companies to become self-sustaining growth engines over decades rather than rushing them toward exits.

About GlassWing Equity

GlassWing Equity stands at the forefront of venture equity, championing a holistic and sustainable alternative to traditional venture capital investing. By prioritizing long-term partnerships, sustainable growth, and the significant impact of human talent, GlassWing Equity is committed to not just funding businesses, but building enduring legacies. For more information, visit www.GlassWingEquity.com.

Media CONTACT:
Thomas Hensey, Rhino Marketing, [email protected], 713-681-6711

SOURCE GlassWing Equity

BREA, Calif., May 7, 2024 — Amidst the dynamic energy of this week’s RSA Conference, ThreatHunter.ai is thrilled to announce the launch of its groundbreaking Response:Ready solution, a game-changer in cybersecurity assistance for organizations, especially within the underserved SMB market.

Response:Ready is more than just a solution, it’s a movement towards a future where every organization, no matter its size, can stand strong against cyber threats. Crafted with precision and passion, Response:Ready offers immediate assistance, expert threat triage, and in-depth investigations, ensuring that businesses are never left unguarded in their time of need.

James McMurry, CEO and founder of ThreatHunter.ai, passionately stated at the RSA Conference, “Response:Ready is the embodiment of our vision to democratize cybersecurity. For nearly two decades, ThreatHunter.ai has been a pillar of strength for organizations navigating the turbulent waters of cyber threats. Today, we renew our commitment: to blend cutting-edge technology with the fine scale craftsmanship of human expertise, offering unparalleled support across the cybersecurity landscape.”

Evan Tremper, VP of Sales, shared his enthusiasm, “Imagine having an elite team of U.S.-based cyber experts on speed dial, ready to spring into action the moment a threat surfaces. That’s the power of Response:Ready. It’s fast, it’s reliable, and it’s economically accessible, designed to ensure that no organization, regardless of size or budget, is left at a disadvantage.”

Response:Ready marks a significant milestone for ThreatHunter.ai, reinforcing its position as a leader in cybersecurity innovation. The solution offers a robust lifeline to SMBs, equipping them with the tools and support to defend their digital domains effectively.

To experience the power of Response:Ready, organizations are not required to be existing customers. This service is about inclusion and immediate access to security excellence.

For more details on how to harness the strength of ThreatHunter.ai and its latest innovation, please contact (714) 451-8803.

About 1MCLabs at ThreatHunter.ai:
At 1MCLabs, we are your silent sentinels in the ever-evolving cyber battleground. Armed with advanced threat intelligence, we strategize, adapt, and strike, securing your digital peace. With us as your guardians, your digital domain remains inviolate.

About ThreatHunter.ai:
As a vanguard in cybersecurity solutions, ThreatHunter.ai is dedicated to fortifying organizations of all sizes against the spectrum of cyber threats. With a focus on threat detection, investigation, and rapid response, we are committed to leveling the playing field in this critical arena.

Media Contact:
LYDIA COULTER
7145154011
[email protected]

SOURCE ThreatHunter.ai

SAN JOSE, Calif., May 7, 2024 — RE Security, the world’s first company specializing in predictive AI cybersecurity, announced that it has filed a wave of patents, demonstrating its thought leadership and technical innovation while leading the next generation of AI cybersecurity. The company also shared today that it was recognized with a number of awards as it heads to RSA Conference 2024 https://rsaconference.com/usa this week in San Francisco.

Multiple Groundbreaking Patents Filed
PRE Security has filed several foundational patents to date that deal with using generative AI systems to predict future alerts based on data analytics performed on historical logs, alerts, and other data signals, as well as around the use of LLMs to develop what PRE Security calls Natural Language Alert Signatures, which are designed to help achieve maximum correlation across all data sets available, not just those with custom integrations.

One of the biggest problems for both cybersecurity vendors and security workers is the difficulty in effective integration of data between disparate tools and sources. “By converting a company’s log and alert data to natural language, we bypass the need for hard-coded regex or syntax-mapping,” said John Peterson, CTO and Co-Founder of PRE Security. “This approach eliminates the need for constant development and maintenance of parsers and custom integrations and is a huge benefit for any company looking to onboard disparate data for better security analytics.”

“The use of LLMs and other generative AI tech in cybersecurity, and especially in the interpretation of data such as logs, alerts, and other signals, is injecting new energy into the capability of cybersecurity solutions. PRE Security is in the vanguard of this movement with creative takes on ingesting logs from any vendor, deriving complex correlations that go beyond today’s XDR solutions, and even delivering proactive guidance and predictions of bad actors and future attacks. These kinds of new approaches will help companies leverage these new technologies and improve their cyber defenses,” explained Richard Stiennon, Chief Analyst at IT-Harvest.

RSA Week Awards
In the days leading up to attending this year’s RSA Conference 2024, PRE Security was honored with several awards, including as winner in three separate categories:  Most Innovative Company, Best Startup Company, best AI Security Solution. “We congratulate PRE Security on being recognized as an award winner in multiple categories of the 2024 Cybersecurity Excellence Awards,” said Holger Schulze, CEO of Cybersecurity Insiders and founder of the 600,000-member Information Security Community on LinkedIn, which organizes the 9th annual Cybersecurity Excellence Awards. “With over 600 nominations, these awards are highly competitive and winning multiple awards is a strong endorsement of our innovative solution and unique value in this emerging market,” said Paul Jespersen, CEO of PRE Security.

PREdictive Vision 
For the past decade in cybersecurity vendors have been focused on improving various Detect & Respond (DR) solutions, such as EDR, CDR, NDR, MDR, and XDR. While most vendors and service providers are focused on trying to reduce the Mean Time To Detect or Respond (MTTD/R), the reality is that most organizations still have MTTD averages measured in weeks if not months. PRE Security asked instead “Why wait for the attack before alerting at all? Why not predict before it needs to be detected?”

Starting with this vision, PRE Security’s predictive analytics solution is designed to work with and enhance existing SOC solutions including major SIEM, XDR, SOAR, Vulnerability Management, Attack Surface Management, and Security Risk vendors. The ability to correlate across all available data and the inclusion of predictions gives organizations a greater understanding of their cyber risk and what they can proactively do to improve and protect their operations, lower costs, ensure their compliance, and reduce their risk.

About PRE Security 
PRE Security is a pioneering predictive AI cybersecurity company using the latest advances in predictive analysis and generative AI to deliver superior security analytics while eliminating the limitations and restrictions of traditional SIEM and XDR solutions. PRE Security Inc is based in Silicon Valley. Learn more at www.presecurity.ai.

Contact:

Paul Jespersen
[email protected]
408-218-9668

SOURCE PRE Security

Since its founding in 2013, LabCentral has supported 278 companies that have created 6,339 new jobs, secured $18.4 billion in funding, launched 132 clinical trials and been awarded 180 new patents

CAMBRIDGE, Mass., May 7, 2024 — LabCentral, the premier Massachusetts-based network of coworking labs designed to accelerate high-potential biotech startups, today unveiled its 2023 Impact Report which covers LabCentral’s first ten years of operation (2013-2023). The report quantifies LabCentral’s unprecedented role as a growth engine in the Massachusetts life sciences industry in its first decade, including resident companies’ aggregated funding, patents, clinical trials and job creation. It also includes LabCentral’s 2023 impact metrics, including science-based operations, expanded facilities and programming.

“In 2013, LabCentral’s founding team had the bold idea to create a biotech innovation engine in the heart of Kendall Square to let scientists and startup entrepreneurs walk into the facility and start doing meaningful science on day one. Originally, we estimated that our resident companies might create up to 1,000 new jobs over ten years, so it is amazing to see that they have achieved more than six times that number – this is an astounding testament to the economic impact innovative startups can have,” said Johannes Fruehauf, co-founder and president of LabCentral. “We are enormously proud to support our residents’ work towards improving human health, and to have pioneered the Ignite initiative, which is a portfolio of programs to make the biotech industry more equitable and accessible at all levels. We thank our partners who have been part of this journey – residents, sponsors, mentors, the venture community, the Massachusetts Life Sciences Center and so many others – and we look forward to expanding our beneficial impact in the coming years.”

Data from its first decade illustrates LabCentral’s immense impact on accelerating scientific discoveries,  as well as growing the Boston-area biotech industry:

• $18.4 billion in funding – LabCentral companies have raised a total of $18.4 billion in early-stage venture capital, partnership, product revenue, technology licensing and other forms of funding (note: does not include M&A). In 2023 alone, LabCentral resident and alumni companies secured $1.7 billion in funding, including 28.3% of all early-stage (seed and Series A) bio-pharma financing for the state of Massachusetts and 16.3% of all early-stage financing nationwide.
• 6,339 jobs – The 278 companies LabCentral has supported have added 6,339 new life sciences and biotech jobs to the economy, including 447 new jobs in 2023.
• 180 patents – Showcasing the groundbreaking scientific discoveries coming out of its facilities and the potential to build valuable, high-growth businesses around them, LabCentral companies have been awarded 180 patents, including 30 new patents just in 2023.
• 132 clinical trials – LabCentral companies have started 132 clinical trials, including 16 in 2023. As part of those trials, 15,010 participants have been dosed or enrolled.
• Successful exits – As evidence of the value of their research, LabCentral companies have completed 19 IPOs and 29 M&A deals.

LabCentral started in 2013 with 28,000 square feet at 700 Main Street and has grown to now include a full network of coworking labs, including LabCentral 610 and LabCentral 238, as well as the labs it manages, Bayer Co.Lab Cambridge, Pagliuca Harvard Life Lab and Blavatnik Harvard Life Lab Longwood. In total, LabCentral owns or manages more than 243,000 square feet of coworking labs with capacity to support 125 start-ups with approximately 1,000 scientists and entrepreneurs. LabCentral resident companies range from start-ups researching and testing new ideas to growth-stage companies working on process development and scale-up biomanufacturing.

LabCentral’s network of industry sponsors supports its facilities and programs to engage residents and create new opportunities for entrepreneurs and scientists in underrepresented groups in the biotech industry:

• Industry sponsorships – Over the past decade, LabCentral has worked with industry leading sponsors, from major pharmaceutical companies and lab equipment companies to VC firms, law firms, commercial real estate and other professional services companies serving the biotech and life sciences industry.
• Golden Tickets – A unique opportunity for sponsors to directly partner with promising early-stage companies, Golden Tickets offer $50,000 credits towards space at LabCentral’s flagship site in Kendall Square, giving them access to a full range of services, equipment and amenities. LabCentral and its sponsors have awarded 150 Golden Tickets since 2013 with a total value of more than $7.5 million.
• LabCentral Ignite – LabCentral continues to blaze new opportunities and pathways into biotech and life sciences through its Ignite initiative to address racial, gender and other underrepresentation in these fields for entrepreneurs, scientists, lab workers, investors, boards and more. Through its multiple sponsored programs in STEM education, workforce training, community biotech workshops, VC platform and Golden Tickets, Ignite impacted more than 2,600 individuals last year.

Founders, entrepreneurs and scientists looking to accelerate their ideas into potential new therapies can read about the application process and apply for LabCentral residency online.

About LabCentral
A private, non-profit institution, LabCentral is a launchpad for high potential life-sciences and biotech startups with 225,000 square feet of space across Kendall Square in Cambridge, Mass., and the Harvard University campus. Founded in 2013, LabCentral offers a full complement of programming and networking to life sciences entrepreneurs in addition to fully permitted laboratory and office space for early-stage and growing life sciences companies. More information is available at www.labcentral.org.

SOURCE LabCentral

Funding Round to Accelerate Growth for the Leading Provider of AI-powered Data Infrastructure for Financial Institutions

NEW YORK, May 7, 2024 — Daloopa, the world’s first AI-powered fundamental and historical data provider, today announced that it has closed on its $18 million Series B round led by Touring Capital with participation from Morgan Stanley and existing investor, Nexus Venture Partners.

Daloopa CEO Thomas Li said, “Daloopa is thrilled to have Touring Capital and Morgan Stanley as investment partners. We have spent many years leveraging AI to build a data infrastructure that delivers the most complete, accurate and rapid fundamental data to top-performing financial institutions across the buy-side and sell-side. Before Daloopa, data discovery was painful, driven by manual processes that led to errors and took time away from important and meaningful analysis-based work. Finding the right investment partners that understand this and align on our innovative approach to creating solutions was critical.”

The funds will be used to further innovate Daloopa’s proprietary algorithm and build product solutions that further improve the quality of fundamental data in the financial services industry, as well as accelerate Daloopa’s go-to-market strategy. In addition, the firm intends to expand to new markets, especially in Europe and Asia to meet greater demand.

“Daloopa is a pivotal addition to Touring’s investment strategy of partnering with AI-driven technology companies,” said Priya Saiprasad, Co-Founder and General Partner at Touring Capital. “Their unparalleled value proposition as a market leader providing a proprietary database of mission-critical financial data sets them apart for their accuracy, speed, and comprehensive coverage. Moreover, the founding team’s unique blend of deep domain expertise with technical and operational proficiency perfectly positions them to become the most accurate database for financial data. We are thrilled to be working with Daloopa on this next phase of category disruption and growth.”

Abhishek Sharma, Managing Director, Nexus Venture Partners, said, “Daloopa is using AI as a wedge to disrupt the multi-billion-dollar financial data space.  Daloopa’s innovative AI-powered approach is bridging the gap between the reporting of financial data at its source and its consumption in financial analyst workflows. We’re excited that Daloopa is rapidly becoming the table stakes ‘must-have’ tool for financial analysts. It’s a privilege for us to have been part of the Daloopa journey since day zero. We are proud to double down in this round and further continue our support.”

“Today, we count hundreds of the largest financial institutions as partners and customers, and we look forward to accelerating growth and deepening these partnerships in the years to come,” Li said.

About Daloopa

Headquartered in New York, Daloopa developed the world’s first AI-driven technology to source, organize and distribute the most complete and accurate historical dataset globally. The firm’s AI-first approach is helping many of the leading buy-side and sell-side financial institutions globally – including hedge funds, private equity firms, mutual funds, corporates and investment banks – meet time-critical data discovery requirements during earnings and model building workflows to accelerate an analyst’s time to insight. Daloopa bypasses many of the shortfalls of all-in-one solutions, providing the deepest, most accurate set of data on publicly traded companies globally in the fastest time possible with AI. With steady exponential user growth, Daloopa has been recognized as an innovator in the fundamental data industry. For more information, visit daloopa.com.

CONTACT:

Kari Litzmann
Head of Marketing
[email protected]

SOURCE Daloopa

For full View: https://orange.inc/special

The financing round was led by Shogakukan, Globis Capital Partners, ANRI, SBI Investment, JIC Venture Growth Investments, Miyako Capital, Chiba Dojo Fund, Mizuho Capital, Mitsubishi UFJ Capital, and GFR Fund.

The funds will be used to develop a localization product based on deep learning models and to launch their digital manga store in the summer of 2024.

About the Global Manga Industry

Orange is an entertainment technology startup from Japan dedicated to the manga industry. The company leverages deep-learning technology to address significant global market opportunities and historical development challenges within the traditional production of the Japanese art form.

The global manga market has shown substantial growth, with a compound annual growth rate (CAGR) of 10%, and is expected to reach USD 42.2 billion market in 2030 (Manga Market 2023 report by Grand View Research, Inc.). This traditional entertainment in Japan has evolved into a global IP industry, reflecting an expanding audience for manga and its adjacent industries, such as anime.

However, only a fraction of works—according to Orange’s research, approximately 2% of manga released annually in Japan—has been formally translated and made available in English, partly due to the difficult and lengthy translation process and the limited number of translators. Adding to this, the global piracy market for manga was $ 5.5 billion in 2022 (Content Overseas Distribution Association), which significantly harms the industry and the rights of wonderful creators and artists.

Orange’s Challenges

Orange is breaking through these issues by developing innovative technologies that enhance the capacity of localization and enable the worldwide simultaneous distribution of manga, working closely with several publishers.

Orange has been developing a manga-dedicated localization system since it was founded. It enables significant efficiencies in the localization process of manga by integrating cutting-edge computer vision and natural language processing technologies developed by a top-class deep learning engineering team.

Their proprietary system uses their localization operation process, enabling a capacity for Japanese-to-English localization of up to 500 manga volumes per month. This is 5x more than the current production capacity of the whole localization market, according to Orange’s estimates. Orange will also work on localizing manga into other languages, ensuring that manga fans across the world can enjoy manga in their native languages.

In the summer of 2024, the company will also launch a digital manga store named “emaqi” in the US. “emaqi” will include titles localized by Orange. It will feature recommendations suggested by AI technology and manga influencers to offer new and fun experiences to all manga fans in the US.

Goals and Vision

“Since we were founded in 2021, our vision has been to share ‘all manga’—the manga that has moved us and that we dearly love—in all languages across the globe,” said Shoko Ugaki, Founder and Chief Executive Officer. “Manga covers a wide and diverse variety of themes. Our goal is to foster a global society where manga is an everyday joy for everyone, from children to adults.”

For additional information, please visit our website or contact our press team. 
Website: https://orange.inc

About Orange Inc.

Founded in 2021, Orange, Inc. has been focusing on its mission of “creating a world where everyone enjoys manga” by developing manga localization technology for mass localized publishing. We wish to empower the life of each manga fan, regardless of nationality, age, or gender, through delivering diverse and unique manga. We strive to pass down the joy of manga to future generations.

Contact:
Orange Inc.
[email protected] 

SOURCE Orange Inc.

LOS ANGELES, May 6, 2024 — Flossy, a company bringing high quality, affordable dental care to everyone, today announced that it has closed a new equity round with Forecast Labs, a consumer venture group within Comcast NBCUniversal. Forecast Labs has worked with leading fintech and health companies such as Public.com, Nurx, and Acorns. Current investors TTV Capital and The Family Fund also participated in the round, along with new investor, B Capital.

Flossy is the first pay-as-you-go discount dental solution that connects patients with and without dental insurance to a highly rated dentist in their area, with discounts on all services, including orthodontics and cosmetics. According to the American Dental Association, one-third of adults aged 19 to 64 don’t have any dental benefits, and this number is even higher for seniors, 70% of whom don’t have insurance. When dental issues arise, these groups historically had to choose between paying 100% of expensive procedure fees out of pocket or forgo treatment altogether, which can lead to even more health problems like heart attacks and strokes. A recent study showed that patients who go to the emergency room to treat preventable dental conditions cost taxpayers, hospitals, and the government about $2 billion a year. Flossy is giving people a way to receive care from a high-quality dentist, for an affordable price.

“With dental insurance plans being confusing and costly, and tens of millions going without any coverage at all, far too many Americans are having to choose between their health and their financial wellbeing,” said Miles Beckett, co-founder and CEO of Flossy. “Our country’s dental problem is only going to increase as the population ages. In just a few years, for the first time ever, there will be more senior citizens in the country than children under 18. To meet this rising demand, the nation’s dental spending is forecasted to hit $230 billion by 2030, up from $165 billion in 2022. With this funding and partnership from Forecast Labs, Flossy will be able to help even more people receive and afford the quality dental care they deserve.”

Flossy currently operates in seven states including Arizona, New Jersey, Pennsylvania, and Washington DC. With this investment, Forecast Labs will promote Flossy in its current and future regions via TV and streaming advertising to raise awareness of Flossy’s affordable and accessible solution for dental care. This past year, Flossy expanded into five states and launched “Flossy for All,” a version of its platform for people with dental insurance, to help them pay for the high-cost care that their dental plans don’t cover, including cosmetic procedures.

“Dental insurance is broken and in spite of paying hefty insurance premiums, far too many people are left with unexpectedly high out-of-pocket costs for dental procedures. We are really excited about how Flossy has built a scalable and patient friendly business that can help reduce the cost of dental care, for millions of Americans, regardless of their insurance status.” Said Arjun Kapur, Managing Partner at Forecast Labs.

For more information about Flossy, visit http://www.flossy.com

SOURCE Flossy

Company’s AI Models Revolutionize the Way Private and Public Debt Markets Extract Unstructured Data for Timely Decision Making

NEW YORK, May 6, 2024 — Alphastream, a pioneer in private credit analysis, today announced a seed round from Motive Ventures, along with the expansion of the company’s leadership team. This dual advancement marks a critical step in Alphastream’s goal to reshape the private credit market landscape.

Since its founding in 2019, Alphastream has been at the forefront of applying AI to enhance the understanding and efficiency of credit market transactions. The company’s cutting-edge technology transforms complex financial documents into actionable, precise information in under five minutes, offering an accuracy rate exceeding 95%. With the capability to identify over 800 deal terms from over 3,000 distinct data points, Alphastream’s platform is not just fast and efficient; it’s revolutionary.

With new funding and an enhanced leadership team, Alphastream is poised to deepen its impact on the market, offering clients tools that not only streamline analysis but also empower analysts with instant access to critical data and trends. Among its current client base is a top 5 alternative asset manager and 2 of the top 10 credit rating providers.

Vijay Gudipalli, CEO at Alphastream, commented, “We are excited to announce a strategic investment from Motive Ventures. As a leading financial services investor, with significant capital, extensive industry expertise, value-added capabilities, and deep industry relationships, we believe Motive Ventures is the ideal partner to support Alphastream in its goal to create long-term value.”

Vijay continued, “I am also excited to announce Chis Ucko as Alphastream’s new CRO and Bala Subramanian as COO. Chris is a seasoned executive with a rich background in financial technology and strategic business development. Bala brings an immense amount of experience as an operator in the credit space. Together they will drive Alphastream’s strategic and commercial direction to take the company through our next phase of growth.”

Most recently, Chris played a variety of roles at CreditSights (part of Fitch Group) including President, Chief Operating Officer and Global Head of Research. His extensive experience and leadership in the Credit Markets makes him a perfect match for making the Alphastream vision a reality.

Prior to joining Alphastream, Bala was Chief Product and Technology Officer at CreditSights and a member of their Executive Committee. Bala was at S&P Global for more than a decade where he held a number of leadership roles, including Head of Technology for M&A and Partnerships, Chief Development Officer of S&P Capital IQ, CTO of S&P Dow Jones Indices and a member of S&P Global’s Venture Investment Committee.

Charles Teschner, Industry Partner at Motive Partners, commented, “We are thrilled to support Alphastream in transforming the private credit markets. The company and its management team have created a differentiated approach to serving private credit analysis leveraging the power of AI. Alphastream unlocks the insights hidden in the growing mountain of unstructured data, driving value for asset managers and other credit decision makers.”

About Alphastream

Founded in 2019, Alphastream specializes in AI purpose built for the credit markets. Initially partnering with global rating agencies, Alphastream has expanded its client base to include investment firms, financial institutions, and other fixed income players. Alphastream today has over 150 experts across bases in New York, Singapore, and Bangalore.

About Motive Ventures

Motive Ventures is the early-stage investment arm of Motive Partners, focused on pre-seed through to Series A financial technology investments in North America and Europe. Motive Ventures is based in Berlin, Amsterdam, London and New York. Motive Partners is a specialist investment firm focusing on venture, growth equity and buyout investments in technology-enabled financial and business services companies. Motive Partners brings differentiated expertise, connectivity, and capabilities to create long-term value in financial technology companies. More information on Motive Partners can be found at www.motivepartners.com.

SOURCE Alphastream.ai