Angel Studios is Raising Funds to Expand its One-of-a-Kind Community of over 345,000 Angel Guild Members—Fundamentally Transforming Entertainment to an Audience-Driven Model Where Fans Greenlight Development and Distribution of Movies and TV Shows

PROVO, Utah, Aug. 30, 2024 — Angel Studios—the studio empowering everyday fans to greenlight development and distribution of movies and TV shows—is launching a new Regulation A+ offering (where Angel takes investments from fans) today in order to expand the growth of the Angel Guild. Guild members are the “secret sauce” behind the discovery of global hits like SOUND of FREEDOM, HIS ONLY SON, CABRINI, Tuttle Twins, Dry Bar Comedy, and other hit movies and TV shows. Angel Studios was one of the top 10 Studios in the US domestic box office in 2023, surging past Amazon’s MGM and A24.

“In the Hollywood gatekeeper system, a handful of elites in an LA boardroom make decisions on what everyone in the world watches. At Angel Studios, we don’t believe that there is a group of elites who are smarter than the viewers. That’s why as executives at Angel Studios, we can’t even consider a film unless the Guild first greenlights the movie or TV show, since that decision power is vested to the Angel Guild. The Guild is made up of over 345,000 people from over 150 countries and is in the driver’s seat. This offering will enable Angel Studios to grow the Guild to over one million members,” said Jeffrey Harmon, co-founder and Chief Content Officer at Angel Studios. “When we reach one million members, we believe our community will reach escape velocity as a movement, making the people’s studio a driving force in the entertainment landscape.”

You can invest at angel.com/invest with a minimum investment of $151.20.

Pitch video for the fundraiser: https://www.youtube.com/watch?v=zcflXNWaRXo

The launch of a new Regulation A+ (Reg A+) offering opens up the opportunity for crowd investors to join in the potential growth of Angel Studios and also support an impressive slate of upcoming movies and TV shows, offering a unique chance to be involved in the entertainment industry’s next big successes.

Angel Studios Guild-Driven Successes

• 45 million downloads worldwide of the Angel App across all platforms including AppleTV, ROKU, FireTV, XBOX, Samsung Smart TV, LG Smart TV, Google TV, and more.
• Angel Studios movies and TV shows are commonly available in English, Spanish, and Portuguese.
• Dry Bar Comedy has over 5 billion views and over 150 million viewers.
• Over 700 filmmakers submitted over 900 projects to the Angel Guild from April 2023 to April 2024.
• Angel Studios’ films have the highest average Popcornmeter score (95%) from Rotten Tomatoes of any major studio in the industry. Ahead of second place Paramount at 84%.
• Angel Studios is behind hits such as SOUND of FREEDOM, HIS ONLY SON, CABRINI, SOUND of HOPE: The Story of Possum Trot, THE SHIFT, AFTER DEATH, and TV series such as Tuttle Twins, Wingfeather Saga, Freelancers, and Young David.
• Angel Studios is releasing SWEETWATER, The 1916 PROJECT, BONHOEFFER: Pastor, Spy, Assassin, and HOMESTEAD this year, and is expected to release at least seven movies and seven TV series in 2025.

About Angel Studios: Angel Studios is a values-based distribution company for stories that amplify light to mainstream audiences. Through the Angel Guild, 345,000 members choose which film and television projects the studio will market and distribute. 104,000 Angel Guild members in 155 countries have invested nearly $80M in projects distributed by the studio to date. Angel Studios is behind the global box office hit, SOUND OF FREEDOM, which has earned $250 million in theatrical box office. Learn more at Angel.com. Click here for important information and disclosures related to the offering. Make sure you read all documentation related to the offering before making an investment decision.

Film Contact: [email protected]

SOURCE Angel Studios, Inc.

LOS ANGELES, Aug. 30, 2024 — Crafty Apes, a full-service visual effects powerhouse with eight global studios in New York, Atlanta, Los Angeles, Canada and London, among others, received a strategic investment from a consortium of institutional investors led by investment funds managed by Morgan Stanley Investment Management and Camberline Capital Management.

The investment focuses on Crafty Apes’ strategic growth in the areas of global facility expansion, increasing headcount in key markets, and production infrastructure. The strategy and capital investment were developed in close partnership with the Crafty Apes board and executive leadership team, including the original founders and the company’s officers. The capital is designed to strengthen operations, ensure long-term growth, and enhance service offerings in response to the evolving needs of the entertainment industry.

CEO Alana Newell commented on the investment: “Our investors are global leaders in strategic investment, and we are thrilled that this partnership will enable Crafty Apes to be where our clients need us most while strengthening our existing teams and infrastructure across North America and Europe. As the industry begins to recover from recent challenges, content creation is beginning to crescendo again, and we will continue to serve the creative needs of our clients as the industry picks up globally. This investment is a testament to Crafty Apes’ resilient business model and our commitment to navigating industry challenges with strength and agility.”

Jonathan Spivak, Managing Director at Morgan Stanley Investment Management, said: “We believe Crafty Apes has a reputation for delivering top-tier digital work on many of the most well-known IP’s. As we have watched and worked with management for several years, our confidence in the team has only strengthened with their navigation of the business during the industry’s recent strikes.” Jens Ernberg, Managing Partner at Camberline Capital Management added: “We look forward to continuing to support the management team as they capitalize on the entertainment sector’s recovery and participating in Crafty Apes’ long-term success.”

About Crafty Apes
Crafty Apes is a full-service visual effects company with studios in Los Angeles, Atlanta, Vancouver, Montreal, London, Albuquerque, New York, and Louisiana. Founded by Chris LeDoux, Jason Sanford and Tim LeDoux, Crafty Apes has a talented roster of creative and production supervisors that offer a full suite of VFX services, including set supervision, VFX consultation, 2D and 3D compositing, digital cosmetics, machine learning solutions and CG imagery. Crafty Apes’ work can be seen on such titles as La La Land, Spider-Man: No Way Home; Hidden Figures, Justice League: Snyder Cut; The Holdovers and The Boys. For more information, visit www.craftyapes.com.

About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $1.5 trillion in assets under management or supervision as of June 30, 2024. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.

For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

About Camberline Capital Management
Camberline Capital Management is an independent asset management firm that partners with management teams and company owners to deliver private capital solutions that support the successful execution on their strategic ambitions. The Camberline team draws upon over 80 years of collective investing experience to structure capital solutions that are tailored to the specific needs of companies operating in underserved segments of the middle market.

For further information about Camberline Capital Management, please visit www.camberlinecapital.com.

Crafty Apes Media Contact:
Storyline Public Relations
Marilyn Lintel
[email protected]

Logo – https://mma.prnewswire.com/media/1948151/Crafty_Apes_logo_2022_Logo.jpg

SHANGHAI, Aug. 30, 2024 — The Lingang Center served as a vibrant hub of innovation and excitement on August 28, 2024, as it hosted the Grand Finals of the X-TIME 2024 International Entrepreneurship Competition. The event attracted over 300 attendees in person and captivated 2 million online viewers, all eager to witness the prestigious competition.

Hosted by the Lin-gang Special Area Administrative Committee, the event featured Shanghai Bank as the primary partner, with Plug and Play China and Lingang Group serving as co-organizers. Since its launch in March, the competition has attracted nearly 500 outstanding enterprises from around the world. Forty-eight projects advanced to the global semi-finals. The top honors went to Pulse Vision, Black Lake Technologies, Lingfang New Energy, and Uni-Sentry for their exceptional innovation, advanced technology, and significant market potential.

Witnessed by expert judges, local industry leaders, technology observers, and the Shanghai Pudong Notary Public Office, the event kicked off with the semi-finals. Forty-eight shortlisted teams gathered to showcase their technological innovations, flexible business models, sustainable team development, and profound social value. The Grand Final was even more exciting and inspiring. Each participant had only three minutes to present their projects. Judges posed sharp and probing questions, while participants remained poised, delivering clear and precise answers. The atmosphere was charged with tension as real-time updates on scores and rankings kept everyone on edge, amplifying the sense of anticipation and excitement throughout the event.

Ultimately, four startups received top awards for their leadership in innovative technology, unique business models, and social value. Eight startups earned second prizes for their innovative concepts, technological prowess, and market positioning. Sixteen startups were awarded third prizes for their exceptional business insights and execution. Additionally, twenty startups received the Excellence Award for their extraordinary creativity and persistence, reflecting the intense competition and innovative energy of the event.

Following the competition, Shanghai Bank announced exclusive financial service for X-TIME 2024 participants. The Lin–gang Science and Technology Innovation Investment Fund signed investment agreements with selected companies and financial partners, while X-TIME 2024 participants signed landing intention agreements with the Lin-gang New Area.

The successful conclusion of the X-TIME 2024 International Entrepreneurship Competition added a significant chapter to the fifth-anniversary celebration of the Lin-gang New Area, marking its advancement into the 2.0 era of technological innovation. By adopting a “competition instead of recruitment” model, the event has ignited the core of future technological industries, providing momentum for the development of cutting-edge sectors in the new area. The Lin-gang New Area is now poised to welcome global innovative ideas, offering development resources, industry ecosystems, and supportive policies to future entrepreneurs.

SOURCE Plug and Play China

Ground-breaking investigational product from Melodi Health is designed to reduce post-surgical infections and other complications for breast cancer patients

MINNEAPOLIS, Aug. 29, 2024 — Melodi Health, a medical device company, announced two milestones today: the close of a $10.75 million oversubscribed Series A financing; and the launch of the “ARIA” investigational device exemption (IDE) trial aimed at improving clinical outcomes for women undergoing breast reconstruction after mastectomy. The Minneapolis-based company is committed to developing medical products that transform breast reconstruction and impact women undergoing treatment for breast cancer.

The Series A proceeds will be used to fund clinical activities and additional product development activities. Melodi Health has raised $15 million since its founding in February 2021. Series A investors include HM Venture Partners, Engage Venture Partners, Southeast Minnesota Capital Fund, and Three Bridges Private Capital.

“We are thrilled to achieve these important financial and clinical milestones, namely the first implant of a device being evaluated for safety and efficacy that is designed to provide soft-tissue support and reduce post-surgical infections associated with breast cancer surgery,” said Sarah Worrell, co-founder and CEO of Melodi Health. “This device is unlike anything surgeons currently have in their toolbox to mitigate a situation that occurs in as many as 14% of women undergoing mastectomy followed by reconstruction.”

“Breast cancer patients come to me at a terrible time. My purpose is to help them, and I know I need the best available options for infection prevention and cosmetic results. As a reconstructive surgeon, I want to restore what cancer took from my patients. I can’t do that if infections and complications intercede. Reconstructive surgeons have been looking for the next generation of soft tissue support, and we now have that with the investigational Melodi Matrix, which is designed to give both soft tissue support and infection reduction,” said Hunter Moyer, MD, chief medical officer of Melodi Health.

Melodi Health’s “ARIA” Pivotal IDE Trial
Today, there are no FDA-approved soft tissue support products for use in breast surgery, and none that contain antibiotics.

The Absorbable Antibacterial Soft Tissue Support in Breast Reconstruction with Infection Outcomes Assessment (ARIA) clinical trial is a multicenter, nationwide, randomized, controlled study evaluating the safety and efficacy of the Melodi Matrix™ to support an FDA Approval for an indication in breast reconstruction. The Melodi Matrix, an absorbable mesh that is designed to support soft tissue while providing controlled release of antibiotic agents as it is absorbed into the body, is an implantable medical device comprised of proprietary technology licensed from Medtronic by Melodi Health.

Melodi’s first patient was enrolled at University of Utah Health. “A 10-14% national average infection rate in breast reconstruction is not acceptable,” said Alvin Kwok, MD, associate professor of surgery and principal investigator at University of Utah Health. “I look forward to offering the Melodi Matrix to patients in this trial and observing the impact of this device on patient outcomes, including infections.”

About Melodi
Melodi Health is committed to transforming breast reconstruction through surgical innovation with the aim to meaningfully improve outcomes in a patient population that is undergoing complicated treatment regimens. Melodi’s flagship offering, the Melodi Matrix, is based on proven technology from Medtronic. The Melodi Matrix is a bioabsorbable mesh that elutes antibiotic agents and is fully absorbed by the body. Melodi has licensed Medtronic technology for the breast surgery field of use. To learn more, visit www.MelodiHealth.com.

SOURCE Melodi Health

CULVER CITY, Calif., Aug. 29, 2024 — Miris, the company bringing spatial computing into the streaming era, launched from stealth today with $26 Million in Seed funding led by IAG Capital Partners.

Miris’ patented technology – which enables full, real-time streaming of dynamic, high fidelity spatial content without downloads – solves a massive problem for today’s spatial computing creators, distributors, and consumers.

“The biggest tech and entertainment companies in the world are spending billions to grow the spatial computing market,” said Marlin Prager, Miris CEO and cofounder. “Miris delivers the only complete solution to unblock spatial content’s delivery bottleneck and allow for consumer-facing spatial streaming, without sacrificing quality or experience.”

Miris has developed and patented key streaming technologies, leading to the first content delivery network (CDN) enabling spatial content. With Miris, consumers will enjoy dynamic streaming of spatial content anywhere, anytime – without downloads or storage – mirroring the ease we have consuming music, movies, and TV content today.

“The success of Netflix, TikTok, Spotify and YouTube have shown that streaming is the preferred way to consume content,” said Joel Whitley, Partner at IAG Capital Partners. “We believe that spatial computing will not see widespread adoption unless and until high fidelity, interactive spatial content can be delivered to consumers for easy consumption – via streaming. Miris and its team have solved this key problem with an elegant solution delivering spatial content at scale. This will enable the ‘pull-through’ for both spatial content and devices the market has been waiting for. Miris is the key to unlock spatial computing.”

Miris is led by a visionary management and technical team with decades of combined experience across entertainment and technology. The executive team has contributed to dozens of Hollywood films, video games, and large enterprise technology companies.

From entertainment to healthcare to myriad business applications, Miris is working with spatial computing developers to stream a new generation of high-fidelity spatial content globally.

For more information or to contact Miris, please visit www.Miris.com.

About Miris
Miris brings spatial computing into the streaming era to meet the demand for dynamic content. Miris’ technology plugs into current content workflows and will make limitless spatial content accessible to the world by removing current data bottlenecks, delighting consumers, and accelerating hardware adoption globally. Miris is based in Culver City, California.

SOURCE Miris

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SAN FRANCISCO, Aug. 28, 2024 — Agency, the creators of the industry-leading AgentOps.ai platform, has raised $2.6 million in pre-seed funding led by prominent investors 645 Ventures and Afore Capital. This funding will enable the company to further develop and scale its AI agent observability and testing platform, ensuring reliability and safety for enterprises deploying large language model (LLM) enabled autonomous agents.

Launched earlier this year, AgentOps.ai has quickly become the go-to platform for AI agent observability and compliance. Led by industry veterans Alex Reibman, Adam Silverman, and Shawn Qiu, the platform is now used by thousands of teams monthly. AgentOps.ai integrates seamlessly with leading AI agent frameworks including AutoGen from Microsoft Research, CrewAI, LlamaIndex, Cohere, and MultiOn, providing unparalleled support and compliance for AI agent developers.

“In the next year, you will see enterprises employing thousands of agents in everything from sales to research. AgentOps is the central place where all the data is managed. Whether you are buying an agent off the shelf or having an engineering team build one, there will always be an audit trail within AgentOps. In large enterprises, it is important to know what your employees do. Agents represent new members of the workforce and require the same auditability and accountability that exists with employees,” said Adam Silverman, Founder of Agency.

Matt Hawes, Associate at 645 Ventures, added, “AgentOps provides AI builders with critical insights needed to iterate and improve rapidly. This level of transparency and support is essential for fostering innovation and trust in AI technologies.”

Gaurav Jain, Partner at Afore Capital, noted “We’re on the cusp of an ‘agent explosion,’ with hundreds, if not thousands, of AI assistants woven into our work and daily lives. But building these agents is incredibly complex given all the edge cases (which humans handle very well). AgentOps is cracking that code, drastically speeding up development time – think Stripe for payments, or Twilio for communications, but for the world of intelligent agents.”

In a world where AI is becoming the backbone of enterprise operations, the need for reliable, safe, and scalable AI agents has never been greater. “In the age of AI, Agents are the new Apps. Agentic programs are the next major paradigm shift in computing. But for the time being, agents are slow, expensive, and unreliable. Safe, accessible, and scalable AI agents will be the ambitious project of this generation. We could not be more excited to make this catalytic technology a reality,” added Alex Reibman

About Agency

Agency is dedicated to creating a reliable and safe environment for AI agent development. With its flagship product, AgentOps.ai, the company aims to transform how enterprises build, deploy, and manage AI agents, ensuring compliance, observability, and scalability.

For more information about Agency and AgentOps.ai, please visit Agen.cy or contact:

Media Contact:
Ellie Tippett
(415) 328-8079
[email protected]

SOURCE Agency AI

Blue Marlin Partners and Current Yield with Participation Fund Lead Round for Building a National Solar and BESS Development Platform, with Commitments Exceeding $100 Million Corporate Equity Raise Goal

MIAMI, Aug. 28, 2024 — Apricus Generation, a rapidly growing holding company focused on building a national distributed solar and battery development platform and Independent Power Producer (IPP), today announced the closing of its Series A funding round led by Blue Marlin Partners and Current Yield with Participation (CYwP) Fund. With this closing, Apricus has already raised the majority of Series A capital and is over-committed towards its $100 million corporate equity capital raise goal. The Apricus platform enables consumers and businesses to participate in the energy transition by providing solar and battery storage developers with management expertise and capital to advance their project pipeline to generation. 

“We have been exploring entry into the solar and battery energy distributed generation market for some time now. With Apricus, led by industry veterans Gautam Chandra and Ravi Thuraisingham, we have found the right mix of an innovative business plan, founders with a proven execution track record with successful exits, and the perfect timing,” said Peter Kirsch, Founder and Managing Partner of Blue Marlin Partners.

“CYwP Fund IV benefited recently from a highly successful exit with one of the Apricus founder’s previous ventures, and we are extremely pleased that CYwP Fund VII and CYWP Solar Energy I have the opportunity to participate again with the founders in their new venture in the exciting and fast-growing solar and battery storage sector,” remarked Ethan Assal, Founder and Managing Partner of CYwP Fund.  

“We are excited to have Blue Marlin and CYwP Fund as the lead investors in our Series A round. Having previously worked with CywP Fund, we greatly value their continued confidence and partnership, and we are equally excited to welcome Blue Marlin as they venture into this space,” said Gautam Chandra, Executive Chairman and Co-Founder of Apricus Generation. “In addition to our institutional partners, dozens of loyal past investors also participated in this financing round. We are humbled and grateful for the strong interest in Apricus and our business model, highlighted by this very successful capital raise and the trust that both new and returning investors have in our vision.”

The funds will be used to accelerate Apricus’ business plan and support the growth of its recent acquisition of a controlling interest in Nexus Renewables, Inc., a Toronto-based developer of US solar and energy storage projects. This capital raise will also fuel additional acquisitions and the buildout of solar and battery energy systems, advancing the company’s strategic goals.

About Apricus Generation

Apricus Generation, Inc. is a holding company designed to build a national distributed solar and battery development platform and Independent Power Producer (IPP). Apricus Generation’s platform enables consumers and businesses to participate in the energy transition by providing developers with management expertise and capital to advance their project pipeline to generation. The company brings together the founders’ decades-long proven track record in clean energy development and investment.

For more information, visit: https://www.apricus.energy/

About Blue Marlin Partners

Blue Marlin Partners is a private investment firm based in Bethesda, Maryland with more than $675 million of invested capital along with strategic partners in 28 platform investments. Blue Marlin invests on behalf of a network of investors, who are all part owners of Blue Marlin, and are high net-worth operators, individuals, or single-family offices with distinct expertise in a particular industry or vertical. Blue Marlin’s investment team works in concert with our investor network, leveraging their expertise in our diligence and to create value within our portfolio companies post-close. For more information, visit https://www.bluemarpartners.com/

About CYwP Fund

Current Yield with Participation (CYwP) Fund was formed to provide flexible growth capital through debt and equity investments in operating companies and high-yield real estate opportunities based in the continental United States. The funds of CYwP Fund are managed by Ethan Assal and David Brink. For more information, visit https://cywpfund.com/

SOURCE Apricus Generation

GEORGE TOWN, Cayman Islands, Aug. 28, 2024 — Lemniscap, a global thesis-driven investment firm backing early-stage Web3 founders, has raised a $70 million fund to provide financial backing and strategic guidance to help nascent Web3 startups scale at pace.

The generalist $70 million fund will focus on a broad range of opportunities across the blockchain ecosystem, with some of the key areas of interest including Zero Knowledge Infrastructure, Consumer Applications, emerging Bitcoin Ecosystem, Security, Phygital and Decentralised Physical Infrastructure (DePin). The fund is anchored by Accolade Partners, one of the largest Fund of Funds in the US, specialising in early-stage VC, growth equity and blockchain fund investments.

Lemniscap was founded in 2017 by Roderik van der Graaf, whose strong financial background includes tenure at some of the world’s most renowned financial institutions such as Deutsche Bank, HSBC, Rabobank and Bear Stearns. Having provided strategic advisory to early-stage blockchain companies since 2014, Roderik was uniquely positioned to launch an institutional grade investment firm tailored to the then niche space. He set about assembling a cohesive team of crypto-native veterans with synergetic experience combining Finance, Economics, Computer Science, and Entrepreneurship. Since the firm’s inception, the core team has remained intact, firmly aligned on a long-term mission to power a decentralised and transparent future.

Roderik van der Graaf, Founder and Managing Partner of Lemniscap, said: “In the seven years since we launched, reputation has become one of our strongest brands among founders, who we genuinely treat as partners. They represent our strongest edge when it comes to sourcing rich intelligence, building lasting partnerships, and honing in on early-stage, high-potential opportunities. This new fund will give us significant financial firepower to support the next generation of ambitious industry pioneers.”

Having developed, launched and managed multiple funds to date, significantly outperforming industry benchmarks and market peers, Lemniscap has established impeccable credentials among Web3 founders across the industry spectrum. Its first fund was launched at the tail end of 2017, right before the sharp market decline of 2018. Throughout the downturn, Lemniscap continued sourcing quality projects, and the bets the firm placed in 2018 have yielded substantial gains. Lemniscap’s foundational market thesis and investment rationale have remained intact throughout periods of market volatility and regulatory uncertainty.

To date, Lemniscap has made over 130 investments, growing from a follow-on investor to one of the Web3 industry’s most prominent lead investors and high conviction allocators. The Lemniscap portfolio has expanded to include top protocols and some of the most critical infrastructural solutions powering the Web3 industry, with flagship investments including Avalanche, The Graph, Axelar, StepN, Paragraph, LN Markets as well as Aligned Layer, Axelar, Eigen Layer, Puffer, Monad, and Anoma.

Marcos Veremis, Partner of Accolade Partners said: “Having already launched multiple successful funds underpinned by methodical, battle-tested investment theses, the Lemniscap team has proven adept at sourcing exceptional founders and projects at the cutting edge of Web3 innovation. We are supremely confident in the fund’s strategy and management team, and look forward to a prosperous and collaborative working relationship.”

The Lemniscap team’s multidisciplinary experience and deep-level Web3 expertise have helped them develop a nuanced understanding of the needs of founders operating in today’s frenetic and regulatory-sensitive industry. Lemniscap’s holistic approach to portfolio management prioritises long-term success rather than short-term gains, ensuring that each investment is nurtured comprehensively. Through ongoing, extensive market analysis, the team has their fingers on the pulse of impending technological advancements and future investment opportunities therein, giving them a distinct edge in the competitive market.

Shaishav Todi, General Partner at Lemniscap, said: “At Lemniscap, we believe that fostering innovation at the grassroots level is essential for building a robust and resilient decentralised ecosystem. Lemniscap takes great pride in being able to identify and help define emerging verticals – underpinned by scalable solutions with well-defined product roadmaps. Today’s announcement is another step in that journey, and we’re excited to continue working with founders who share our vision of a decentralised, transparent, and equitable digital future.”

About Lemniscap

Lemniscap is an investment firm specialising in investments in emerging crypto assets and blockchain startups. Since its founding in 2017, Lemniscap has funded multiple investments in the crypto blockchain space, on the core belief that blockchain technology will upend traditional business models, resulting in profound changes in the world economy. The Lemniscap team consists of talented people with backgrounds in financial markets, Venture Capital, technology and entrepreneurship. For more information, visit https://lemniscap.com/.

Photo – https://mma.prnewswire.com/media/2490526/Lemniscap_70m.jpg

SOURCE Lemniscap

New funding accelerates AI-powered platform to help bridge the gap in government acquisition for emerging technologies

BOSTON, Aug. 28, 2024 — Pryzm officially launched today to make it easier and faster than ever for technology companies to accelerate government contract capture with the help of AI. At the same time, it announced its $2 million funding round co-led by top defense tech investor XYZ Venture Capital — an early backer of Anduril — and Amplify.LA, with participation from First In and strategic individuals enthusiastic about Pryzm’s mission to disrupt public sector procurement.

Today’s government contracting toolkit is often reactive. Contractors either burn all their time exploring opportunities that come to them (many of which aren’t relevant), or tackling a fragmented, opaque process to get in front of the right government buyers without all the information they need. Pryzm, by comparison, takes a more proactive approach by delivering targeted, holistic data to drive users’ efforts to capture government business.

“The Pryzm team could not be more perfect to solve this problem — all their experience gives them a massive lead over any potential competitor,” says Ross Fubini, Managing Partner at XYZ Venture Capital. “They understand the needs here at such a detailed level, it’s no wonder they’ve already attracted many of the biggest name contractors who want to stay on the cutting edge.”

The Pryzm team is uniquely positioned to tackle these challenges because of their experience in both the worlds of public sector procurement and acquisition, as well as big data and artificial intelligence. Their deep industry knowledge was built in prior roles at Lockheed Martin, Palantir, Veridion, and Tesla, and is complemented by technical expertise that has resulted in significant market traction. Already, Pryzm has partnerships with notable companies such as Forterra, AFRL’s Griffiss Institute, and Decisive Point, among others. 

“Pryzm provides targeted intel at exactly the right time, along with the tools to operationalize it into real world actions.” says Pat Acox, Vice President of Defense Growth at Forterra, a Pryzm customer. “Data at the right time and place is what wins, and Pryzm excels at delivering that value to our team.”

This summer’s infusion of capital is accelerating Pryzm’s development and expansion, enabling the company to continue growing the product’s functionality while reaching more companies that can serve the federal government. Ultimately, such support bolsters Pryzm’s mission to make government contracting more accessible, transparent, and efficient, helping the best companies unlock their potential in the public sector.

“With Pryzm, we’re building the toolset we want ourselves as government contractors: proactive, rather than reactive, and designed for the nonlinear way that you actually win business.” says Nick LaRovere, co-founder and CEO of Pryzm. “We lean into simplifying what was once complex — connecting disparate information into one cohesive picture, specifically tailored towards your business.”

About Pryzm Dynamics Inc.
Founded by alumni of Palantir and Lockheed Martin, Pryzm is a leader in enabling technology companies to ‘connect the dots’ of complex public sector business development. The company provides its customers unparalleled access to the tools, data, and context required to proactively navigate the intricacies of government contracting.

More information is available at www.pryzm.io

SOURCE Pryzm Dynamics Inc.