• L’investimento di Binance Labs, su cui non sono state divulgate informazioni, fa seguito al round di finanziamento di serie A da 38 milioni di dollari USA di Movement

SAN FRANCISCO, 1 maggio 2024 — Movement Labs, un team di sviluppo nel campo della blockchain con sede a San Francisco, oggi ha annunciato un investimento da parte di Binance Labs. Questo finanziamento giunge sulla scia del riuscito round di finanziamento di serie A da 38 milioni di dollari di Movement Labs, mentre continua con successo la missione dell’azienda di portare “Move Everywhere” (Move dappertutto).

Fondata nel 2022, Movement sta costruendo un ecosistema di blockchain basate su Modular Move, a partire da M2, la prima Move Virtual Machine L2 per Ethereum. Movement utilizzerà il finanziamento per espandere la propria suite di strumenti, framework e protocolli open source per agevolare l’adozione del linguaggio di programmazione Move in ecosistemi blockchain più vasti. Con Movement, gli sviluppatori possono lanciare rollup di Move VM sicuri, performanti e a rendimento elevato con la stessa facilità che caratterizza i contratti intelligenti.

Nell’ambito della sua strategia di espansione globale, Movement Labs pone una forte enfasi sulla regione dell’Asia-Pacifico (APAC), riconoscendo l’enorme potenziale e talento all’interno della comunità di sviluppo di Move. L’azienda è impegnata a sostenere e supportare gli sviluppatori di Move in Asia, fornendo loro le risorse, la formazione e le opportunità necessarie per mettere in evidenza l’eccezionale lavoro svolto e contribuire alla crescita dell’ecosistema di Move.

“Siamo entusiasti di dare il benvenuto al nuovo investitore Binance Labs”, ha affermato Rushi Manche, co-fondatore di Movement Labs. “Il supporto e la competenza di Binance Labs saranno preziosi mentre proseguiamo nell’attuazione della strategia ‘Move dappertutto’, a partire dal focus sul dinamico e innovativo mercato dell’APAC. Coinvolgendo gli eccellenti sviluppatori di Move nella regione e collaborando con loro puntiamo a velocizzare l’adozione di Move e a sbloccare nuove possibilità per l’intero ecosistema”.

Per ulteriori informazioni su Movement Labs e una guida per partecipare alla sua devnet visita il sito: movementlabs.xyz e segui l’azienda su X @movementlabsxyz e su Discord. Connettiti con noi su movementlabs.xyz per discutere di opportunità commerciali globali.

Informazioni su Movement Labs:
I co-fondatori, Rushi Manche e Cooper Scanlon, i primi costruttori dell’ecosistema Move, hanno fondato Movement Labs nel 2022 come prima rete blockchain integrata, alimentando il Layer 2 più veloce e sicuro su Ethereum. Progettato per abbinare la sicurezza dei contratti intelligenti e la parallelizzazione con la liquidità EVM e le basi di utenti, Movement sta portando MoveVM su Ethereum attraverso il suo L2 principale e rollup collegati con Move Stack.

Informazioni su Binance Labs
Binance Labs è il braccio venture capital e acceleratore di Binance, cresciuto fino a valere ora oltre 10 miliardi di dollari. Il suo portafoglio comprende 250 progetti di oltre 25 paesi in sei continenti e vanta un tasso di ritorno sugli investimenti di oltre 14 volte. Cinquanta delle aziende nel portafoglio di Binance Labs hanno preso parte ai nostri programmi di incubazione. Per ulteriori informazioni segui Binance Labs su X.

Video – https://mma.prnewswire.com/media/2402328/Binance_animation.mp4
Logo – https://mma.prnewswire.com/media/2397018/movement_logo_full_color_rgb_2000px_72ppi_Logo.jpg

SEATTLE, May 1, 2024 — StepSecurity, a leader in protecting CI/CD pipelines and infrastructure, announced today the closing of its $3 million seed funding round led by Runtime Ventures, with participation from Inner Loop Capital, SaaS Ventures, DeVC, and several notable industry leaders as angel investors.

Founded two years ago by cybersecurity leaders Varun Sharma and Ashish Kurmi, StepSecurity has rapidly gained traction within both the open-source community and enterprise sectors.

Over 3,000 open-source projects, including those from the Cybersecurity and Infrastructure Security Agency (CISA), Google, Microsoft, Datadog, Kubernetes, Node, and Ruby, use StepSecurity to harden their CI/CD pipelines. StepSecurity also recently detected a CI/CD supply chain attack in a Google open-source project.

StepSecurity’s enterprise tier continues to gain traction, serving customers in high-tech, crypto, and healthcare industries. “Enterprises typically have robust application and cloud security solutions. However, CI/CD, the crucial link between these two environments, remains unprotected,” said Varun Sharma, CEO of StepSecurity. “We analyzed past CI/CD security breaches and built our platform using a first-principles approach.”

Michael Sutton, General Partner & Co-Founder at Runtime Ventures, commented, “Attackers have learned not only that the CI/CD pipeline represents the weak link in application security, but also that a successful supply chain attack can deliver an exponential impact. Supply chain attacks such as SolarWinds and Codecov impacted thousands of entities given the broad usage of the vulnerable applications. Security leaders have learned the hard way that CI/CD security can no longer be ignored, and StepSecurity is at the forefront of this paradigm shift.”

The urgency of securing CI/CD environments has never been clearer due to recent high-profile security breaches. Several incidents, such as XZ Utils and SolarWinds, originated in CI/CD. As a result, the Center for Internet Security (CIS), Cybersecurity and Infrastructure Security Agency (CISA), National Security Agency (NSA), and National Institute of Standards and Technology (NIST) have released guidance and benchmarks urging enterprises to harden their CI/CD environments.

StepSecurity plans to use these funds to invest in its open-source community and expand its enterprise offerings. StepSecurity already supports GitHub Actions and plans to expand its product to cover other CI/CD environments, such as GitLab CI, Harness, and Azure DevOps. The company is also actively hiring across engineering, sales, and marketing to support its growth.

For more information or to get started with StepSecurity, please visit https://stepsecurity.io

CONTACT: Jaya Ramsinghani
Email: [email protected]

SOURCE StepSecurity

ROSELAND, N.J., May 1, 2024 — CoreWeave, the leading specialized cloud provider for AI, today announced it has secured $1.1 billion in new funding, led by Coatue, with participation from Magnetar who led the last primary round, as well as Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management. New funding will be used to support the rapid growth across all areas of the business, and CoreWeave’s expansion into new geographic regions to meet the explosive demand for GPU accelerated cloud infrastructure worldwide.

“CoreWeave continues to push forward as a provider of critical infrastructure in the development of AI, and the high caliber of investors who continue putting their trust in us validates the enormous opportunity we have to define the next generation of cloud computing,” said Mike Intrator, co-founder and CEO of CoreWeave. “CoreWeave is designed specifically to tackle the most complex and pressing challenges in high performance compute. With this new round, we will continue investing in and working with the largest AI enterprises in the world.”

Companies increasingly recognize the potential for AI to enhance efficiencies, productivity, expand revenue and reduce costs, as well as strategic benefits like growth and innovation. Organizations of every size and industry are racing to deploy larger-scale AI solutions and capabilities – driving explosive demand for powerful and scalable infrastructure. However, generalized infrastructure from legacy cloud providers is not designed to handle the massive parallel processing power and memory that AI workloads require.

CoreWeave designed its cloud infrastructure with engineers and innovators in mind. Trusted by leading AI labs and enterprises, CoreWeave Cloud manages complexity through automation to deliver the most performant and efficient cloud infrastructure for AI workloads.

“We believe CoreWeave has emerged as a key leader in building the mission-critical infrastructure foundation required to satisfy society’s current and future demand for high performance compute at scale to power the generative AI revolution,” said Philippe Laffont, Founder & Portfolio Manager of Coatue. “Since partnering in 2023, we have been impressed by the team’s commitment to operational and technical excellence, and we look forward to continuing our partnership as they drive the next phase of growth for the company and industry.”

In December, the company announced it closed a secondary investment of $642 million, following a $420 million primary led by Magnetar in April 2023. In August, CoreWeave secured a $2.3 billion debt financing facility led by Magnetar and Blackstone. Also in the last year, CoreWeave increased its data center presence from three to 14, and quadrupled its employee headcount.

About CoreWeave
CoreWeave is a specialized GPU cloud provider, designed to power the most complex workloads with customized solutions at scale. The company’s portfolio of cutting-edge technology delivers a broad range of capabilities for machine learning and AI, graphics and rendering, life sciences, real-time streaming, and more. Its world-class teams, talent, and engineering prowess bring unmatched speed-to-market for advanced compute. CoreWeave operates a growing footprint of data centers covering every region of the US. It was founded in 2017 and is based in New Jersey. Learn more at www.coreweave.com.

CONTACT: 
Brittany Stone 
[email protected]  
917-935-1456

SOURCE CoreWeave

• Undisclosed Investment From Binance Labs Follows Movement’s $38M Series A Funding Round

SAN FRANCISCO, May 1, 2024 — Movement Labs, a San Francisco-based blockchain development team, today announced an investment from Binance Labs. These investments closely follow Movement Labs’ successful $38m Series A funding round as the company continues to gain momentum in its mission to bring ‘Move Everywhere.’

Founded in 2022, Movement is building an ecosystem of Modular Move-based blockchains, starting with M2, the first Move Virtual Machine L2 for Ethereum. Movement will use the funds to expand its suite of open-source tooling, frameworks, and protocols to facilitate the adoption of the Move programming language across broader blockchain ecosystems. With Movement, developers can launch secure, performant, and high-throughput Move VM rollups as easily as they do smart contracts.

As part of its global expansion strategy, Movement Labs is placing a strong emphasis on the Asia-Pacific (APAC) region, recognizing the immense potential and talent within the Move development community. The company is committed to championing and supporting Asian Move developers, providing them with the resources, education, and opportunities needed to showcase their exceptional work and contribute to the growth of the Move ecosystem.

“We are thrilled to welcome Binance Labs as an investor,” said Rushi Manche, Co-Founder of Movement Labs. “Their support and expertise will be invaluable as we continue to execute our ‘Move Everywhere’ strategy, starting with a focus on the vibrant and innovative APAC market. By empowering and collaborating with the talented Move developers in the region, we aim to accelerate the adoption of Move and unlock new possibilities for the entire ecosystem.”

For more information about Movement Labs and a guide to participate in its devnet, please visit: movementlabs.xyz and follow on X @movementlabsxyz and on Discord. Connect with us at movementlabs.xyz  to discuss global business opportunities.

About Movement Labs:
Co-founders, Rushi Manche and Cooper Scanlon, early builders in the Move ecosystem, founded Movement Labs in 2022 as the first integrated blockchain network, powering the fastest and most secure Layer 2 on Ethereum. Designed to pair smart contract security and parallelization with EVM liquidity and user bases, Movement is bringing the MoveVM to Ethereum through its flagship L2 and connected rollups with the Move Stack.

About Binance Labs
As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.

SOURCE Movement Labs

AUSTIN, Texas, May 1, 2024 — Scout Ventures, a leading venture capital firm focused on frontier and dual-use technologies built by hard-to-access founders, announced the successful closing of Fund IV at $94 million.

“We are humbled by the overwhelming support we’ve received for Fund IV,” said Brad Harrison, Managing Partner at Scout Ventures. “The continued trust from our existing investors, like the New Mexico State Investment Council, is invaluable. We’re also excited to welcome a distinguished group of new partners to the Scout family, including J.P. Morgan Asset Management, Vanderbilt University Endowment, USAA, and many others.”

This strong closing signifies the growing confidence in Scout Ventures’ unique investment approach. The firm focuses on identifying and backing innovative companies developing frontier and dual-use critical technologies – technologies with both commercial and national security applications.

“Scout Ventures’ commitment to entrepreneurs, often veterans, building early-stage, high-impact companies aligns with our investment strategy,” said Jamie Kramer, Chair of Spark Investment Committee at J.P. Morgan Asset Management. “We are confident that Fund IV will continue to meet our objectives and foster groundbreaking advancements in frontier technologies while supporting the veteran community.”

Fund IV has already demonstrated strong momentum, with nine portfolio investments with early positive performance and valuation markups. Additionally, Scout recently sold Fund III portfolio company Tomahawk Robotics to AeroVironment, resulting in a cash distribution to our Fund III Limited Partners.

“Scout Ventures’ investment in our company has been instrumental in accelerating our development of our high-altitude solar powered aircraft ,” said James Thomas, Founder/CEO of Radical Aero. “Their deep understanding of dual-use, frontier technology and their commitment to building long-standing partnerships with their portfolio companies make them a truly valuable capital partner.”

“We are excited to leverage this new capital to continue fueling the growth of exceptional entrepreneurs who are tackling the world’s most pressing challenges,” concluded Harrison.

About Scout Ventures

Scout’s team consists of venture professionals with deep domain expertise in a variety of sectors. Scout consistently assists entrepreneurs with business development, hiring, sales strategies, and more. Scout focuses on the sectors where the team’s experience helps companies grow: Frontier Technologies (AI & Data Science, Robotics, Drones, Autonomous Mobility, AR/VR, Advanced Materials, Physical and Cybersecurity, Quantum Computing, Space) and Enterprise SaaS.

Contact:

Cody Huggins
Head of Capital Formation

[email protected]

SOURCE Scout Ventures

Darrow Taps Former Dealpath CRO To Lead Next Phase Of Revenue Growth

TEL AVIV, Israel and NEW YORK, May 1, 2024 — Darrow, the leading AI-powered justice intelligence platform, today announced the appointment of Mathew Keshav Lewis as its first Chief Revenue Officer and US General Manager. Lewis brings over 20 years of experience driving revenue and growth for high-profile legal and technology companies – including SaaS platform Dealpath, alternative investment platform Yieldstreet, and legal services pioneer Axiom Law – and will be responsible for helping Darrow scale as it continues an accelerated growth trajectory.

“Mathew’s arrival at Darrow opens enterprise-level deals to all plaintiff law firms, previously accessible only to a select few,” said Evyatar Ben Artzi, CEO and Co-Founder of Darrow. “His expertise from YieldStreet and Axiom empowers our partners to leverage AI, driving unprecedented growth and innovation.”

Lewis, who will be based in Darrow’s New York headquarters, joins Darrow after serving as the first Chief Revenue Officer of Dealpath, a real estate deal management platform. He also previously held the role of Chief Revenue Officer and GM, Investments at Yieldstreet, where he drove record revenue and growth for the investment platform.

“I’m delighted to join a team of tremendously talented individuals at Darrow, who have already disrupted the legal technology space and forged the path ahead,” said Mathew Keshav Lewis, Chief Revenue Officer & US General Manager of Darrow. “I am inspired by Darrow’s progress to date, and I look forward to working alongside Darrow’s growing team to expand the company’s footprint.”

This announcement comes at a period of rapid growth for the company, which completed its $35 million Series B funding round last year. Darrow currently works on active litigation valued over $10 billion across legal domains such as privacy, consumer protection, and antitrust.

About Darrow: Founded in 2020, Darrow is a LegalTech company on a mission to fuel law firm growth and deliver justice for victims of class and mass action lawsuits. Darrow’s AI-powered justice intelligence platform leverages generative AI and world-class legal experts and technologists to uncover egregious violations across legal domains spanning privacy and data breach, consumer protection, securities and financial fraud, environment, and employment. Darrow is based out of New York City and Tel Aviv. For more information, visit: darrow.ai. 

SOURCE Darrow