NEW YORK and LONDON, Aug. 15, 2024 — Qubit Capital has made a significant impact by revolutionizing how startups connect with investors. Through its pioneering AI-driven matchmaking platform, Qubit has secured over $9 million for different startups in recent funding rounds in quarter 2 of 2024, empowering them to thrive in a competitive market.

Breaking New Ground in the US, UK and Europe

Qubit Capital’s expansion into the U.S. and Europe marks a milestone in its mission to democratize access to venture capital for founders globally. The platform has already facilitated $215 million in funding for 64+ startups since inception in 2020. Recent deals facilitated through Qubit include

• Swiipr Technologies: This UK-based fintech and travel startup raised approximately $7.7 Million from Octopus Ventures, UK, and TX Ventures, Switzerland.
• Spottitt: A satellite-based geo-spatial analytics company, Spottitt secured $800,000 from Right Side Capital & 3 Angel Investors.
• iVent Pro: A virtual events platform, received an undisclosed amount from Purple Ventures.

Revolutionizing Fundraising with AI Precision

At the core of Qubit Capital’s success is its cutting edge AI and machine learning technology. By harnessing data-driven insights, Qubit automates the matchmaking process between startups and investors, ensuring precision and efficiency. This approach is particularly beneficial for Seed, Series A, and Series B stages, with a round size in the range of $150,000 – $30 Million.

“Startups face immense challenges in securing funding, especially in a virtual-first, remote work environment,” said Mayur Toshniwal, Co-Founder of Qubit Capital. “Our AI-powered platform provides startups with the tools they need to connect with the right investors and secure crucial funding. Our recent successes with Swiipr Technologies, Spottitt, and iVent Pro highlight our platform’s rapid growth and effectiveness.”

A Vision Born from Necessity

Qubit Capital was founded at the onset of the 2020 pandemic by experienced entrepreneurs who understood the hurdles startup founders face in raising capital. Identifying the right investors, building relationships, and dedicating time and resources to fundraising are formidable challenges.

“We believe AI can democratize access to investors worldwide, breaking down barriers regardless of background or location,” said Sagar Agrawal, Co-Founder of Qubit Capital. “Our global expansion into Europe, the UK, and the US excites us, and we are eager to support startups in these regions.”

About Qubit Capital

Qubit Capital is a trailblazing fundraising platform and network that transforms how startups connect with investors. Since its inception, Qubit has facilitated $215 million in funding for 64+ startups. By integrating AI, data-driven insights, and digital tools, the platform provides seamless matchmaking and comprehensive support throughout the fundraising journey. Qubit Capital is industry and stage agnostic, working with startups from early to late stages, all driven by a passion for growth.

For more information, visit Qubit Capital.

Media Contact:

Ludington Media LLC

Olivia Ludington

551 795 5950

[email protected]

www.ludingtonmedia.com

SOURCE Qubit Capital

LONDON, Aug. 15, 2024 — AISQ, a pioneering force in AI-driven business solutions (since 2010), today announced the launch of Next Level Marketing, the world’s first end-to-end fully automated marketing system. This groundbreaking platform requires only minimal input from business administrators, allowing AI to take over the entire marketing process—from research and planning to scheduling, publishing, and distribution—across all digital channels. Next Level Marketing is now available exclusively on the AISQ website.

Revolutionizing Digital Marketing Automation

In an era where time and resources are often stretched thin, AISQ’s Next Level Marketing emerges as a game-changer, offering a comprehensive solution to the challenges of modern digital marketing. Designed with small to medium-sized businesses in mind, this platform automates every aspect of a business’s marketing strategy, requiring only approvals from the business admin to initiate and oversee operations.

“Next Level Marketing represents a paradigm shift in how businesses approach digital marketing,” said Florin Muresan, CEO of AISQ Squirrly. “We’ve created a system that automates the entire process—research, planning, content creation, publishing, and distribution—across all digital channels, including search engines, social media, and email newsletters. It’s a true set-it-and-forget-it solution that empowers businesses to focus on growth while the AI takes care of the rest.”

The Future of Marketing is Here

Next Level Marketing addresses the persistent issue of time-consuming and resource-intensive marketing tasks that often hinder business growth. By leveraging advanced AI technology, AISQ has developed a platform that not only executes but also optimizes marketing strategies in real-time, ensuring businesses remain competitive in an ever-changing digital landscape.

“The beauty of Next Level Marketing is in its simplicity and efficiency,” added Muresan. “Once the initial setup and approvals are complete, the system takes over—researching keywords, generating content, planning campaigns, scheduling posts, and even handling SEO tasks. It’s like having an entire marketing department in your pocket, available 24/7.”

Global Significance and Industry Impact

The launch of Next Level Marketing (currently in early Beta) is poised to have a significant impact on the global digital marketing industry. This innovation democratizes access to high-level marketing capabilities, making them available to businesses of all sizes, regardless of their budget or expertise. It’s a step towards a future where AI-driven marketing is not just an option but a standard practice.

According to industry research, 92% of businesses plan to invest in AI this year. Next Level Marketing is designed to meet and exceed the expectations of this growing market.

Next Level Marketing is the latest in a long line of AI innovations created by the Squirrly Company, now re-branded as AISQ.

About AISQ

AISQ stands at the forefront of AI innovation, with a proven track record that dates back to 2010 when we first predicted the transformative potential of artificial intelligence. Over the past decade, we’ve not only anticipated the AI revolution but actively shaped it, developing multiple custom-built AI solutions that have consistently pushed the boundaries of what technology can achieve for 23,000 businesses that buy software from us.

Contact Information:

Irina Pogor, Marketing Lead
AISQ Squirrly
Email: [email protected]
Phone: +44 7425 330730
www.aisq.com

SOURCE AISQ

Pantera Capital, Binance Labs, and Polychain Capital led funding to support the launch of Sahara AI’s blockchain platform, promoting AI sovereignty and provenance, and providing secure control and protection of AI assets for individuals and businesses

LOS ANGELES, Aug. 14, 2024 — Sahara AI, a decentralized blockchain platform built for open and equitable AI, announced today $43 million in total funding, led by Pantera Capital, Binance Labs, and Polychain Capital. The round included participation from Samsung NEXT, Matrix Partners, dao5, Geekcartel, Nomad Capital, SCB 10X, Canonical Capital, Mirana Ventures, Foresight Ventures, Dispersion Capital, Aegis Ventures, Alumni Ventures, and Tangent Ventures, among others.  

Sahara AI has also partnered with strategic angels and advisors from the AI industry and academia including Laksh Vaaman Sehgal (Vice Chairman, Motherson Group), Rohan Taori (Research Scientist, Anthropic), Teknium (Co-founder, Nous Research), Vipul Prakash (CEO, Together AI), and Elvis Zhang (Founding Member, Midjourney). 

This new capital will allow Sahara Labs to expand its global team of experts, enhance the performance of its AI blockchain, and grow its developer ecosystem.

Ethical concerns over copyright, privacy, resource access, and economic imbalances continue to grow as AI becomes more widely adopted and capable. Stakeholders, including users, data contributors, model creators, and application builders, are seeking solutions to secure ownership and receive fair compensation for their contributions. To empower everyone to shape and own the future of AI, Sahara Labs is launching a blockchain-based AI platform that offers users and developers secure control and “copyright” protection over their AI assets, including proprietary data, models, and agents. This platform fosters an open, transparent, and inclusive AI economy where all participants are fairly attributed and compensated for their input.

“At Pantera, we believe in the future of decentralized AI, offering opportunities for personalized products to be built without centralized oversight,” said Lauren Stephanian, General Partner of Pantera Capital. “Sahara AI’s platform is designed to meet these challenges, providing an ethically designed and universally accessible infrastructure that enables individuals and enterprises to leverage AI’s full potential without compromising on privacy or sovereignty. We are excited to support Sean, Tyler and the rest of the team as they build towards this new collaborative AI economy.”

“Binance Labs is dedicated to empowering founders in Web3 who have the potential to build innovative tech solutions and create sustainable, lasting impact. We look forward to backing Sahara AI as they pioneer a decentralized AI blockchain platform, reshaping the future of AI to be more transparent, secure, and accessible for everyone,” said Yi He, Co-Founder of Binance and Head of Binance Labs.

Since its founding in April 2023 by USC Professor and Viterbi Early Career Chair Sean Ren and former Binance Labs investment director Tyler Zhou, Sahara AI has grown exponentially, and is now trusted by over 35 leading tech innovators and research institutions, including Microsoft, Amazon, MIT, Motherson Group, and Snap.

“Since our inception, our goal has been to create a future where AI is ethical, transparent, and accessible to all through AI sovereignty and open technology,” said Sean Ren, co-founder of Sahara Labs—the driving force contributing to Sahara AI. “With the help of our notable investors and partners, this latest funding is a testament to why it is necessary to establish a robust, decentralized provenance infrastructure within today’s rapidly evolving AI-first world.”

For more information, please visit Saharalabs.ai, subscribe to the Sahara AI Blog, or follow @SaharaLabsAI on X.

About Sahara AI

Sahara AI is a decentralized blockchain platform that prioritizes sovereignty and provenance of AI, ensuring security, equity, and accessibility for all users. Backed by top investors in AI and Crypto, including Pantera Capital, Binance Labs, Polychain Capital, Samsung NEXT, Matrix Partners, and many more, Sahara AI continues to push the boundaries of decentralized AI. Today, Sahara AI is trusted by 35+ leading tech innovators and research institutions, such as Microsoft, Amazon, MIT, Motherson Group, and Snap. 

About Sahara Labs

Sahara Labs, the driving force behind Sahara AI, is an AI and blockchain infrastructure company led by USC Professor and AI veteran Sean Ren and former Binance Labs investment director Tyler Zhou. Sahara Labs envisions a future where AI is equitable, transparent, ethical, and accessible to all through AI sovereignty, provenance, and open technology. 

Media Inquiries
[email protected]

SOURCE Sahara AI

Enterprise data engineering teams can now observe, fix, and optimize their Spark data applications, in-motion

CHICAGO, Aug. 14, 2024 — definity today announced the general availability of its pioneering Data Application Observability & Remediation platform for Spark data analytics environments, marking a significant advancement in data operations. The company is also announcing it has raised $4.5 million in a Seed funding round led by StageOne Ventures, with participation from Hyde Park Venture Partners and additional strategic angel investors.

Faulty data operation and poor data quality cost an enterprise $12.9 million each year according to Gartner, highlighting the critical challenge for data engineering teams to maintain the reliability of data applications (data pipelines), optimize their performance, and prevent data downtime.

This is particularly urgent for enterprises deploying new AI initiatives, relying on accurate feature engineering and model fine-tuning. The problem is amplified tenfold in the Spark ecosystem, which typically involves heavy and mission-critical workloads and a more obscure infrastructure, but lacks modern observability tooling.

definity bridges this gap with the industry’s first data application native solution, providing in-motion and contextualized insights into data pipeline execution, data quality, and data infrastructure performance. Using a unique agent-based architecture, definity runs inline with every data transformation on the platform, establishing ubiquitous observability with zero code-changes—in on-prem, hybrid, or cloud environments.

Designed specifically for Spark-heavy environments, definity helps data engineers to proactively prevent data incidents, find their root-cause, and fix them—faster than ever before. definity also enables engineers to automatically monitor data applications’ performance, identify concrete optimization and saving opportunities across the platform, and easily optimize performance. This empowers enterprises to minimize downtime, increase engineering velocity, and reduce infrastructure cost.

The company was founded by CEO Roy Daniel, former product executive at FIS; CTO Ohad Raviv, former big-data tech lead at Paypal and Apache Spark contributor; and VP R&D Tom Bar-Yacov, former data engineering manager at Paypal. After experiencing the challenges of managing mission-critical data applications at high-scale firsthand, they built the solution they sought for the enterprise segment.

“Enterprise data engineers demand a new standard of observability that doesn’t exist today” said Roy Daniel, co-founder & CEO, definity. “Traditional data monitoring focuses on the symptoms, assessing data quality at-rest in the data warehouse, which is too out-of-context, reactive, and simply not applicable for Spark. definity fills this void by taking a completely new approach focused on the data application itself, observing in-motion how data is processed and how the infrastructure operates, making Spark applications human-readable.”

“Today’s enterprise data leaders face a serious pressure to ensure the reliability of the data powering the business, while increasing scale, cutting costs, and adopting AI technologies”, said Nate Meir, General Partner, StageOne Ventures. “But without x-ray vision into every data application, data teams are left blind and reactionary. definity is addressing this need head-on with a paradigm shifting solution that is both powerful and seamless for data engineering and data platform teams.”

The announcement comes on the heels of remarkable momentum for definity, which onboarded several global technology enterprises to its new platform this year.

About Definity
definity is a Data Application Observability & Remediation platform, helping Spark-heavy data engineering teams to seamlessly monitor data applications health + data quality + performance in-motion, detect anomalies in run-time, resolve incidents in minutes, optimize applications’ performance, and cut infrastructure cost – with zero code changes.

SOURCE definity

Six Trailblazing Entrepreneurs to Compete for Seed Money and Services at Women’s Venture Summit 2024

SAN DIEGO, Aug. 14, 2024 — Stella Foundation proudly marks a decade of empowering female entrepreneurs through its 10th Annual Women’s Fast Pitch, a premier national competition spotlighting innovative women-led ventures. This year, six exceptional finalists have emerged from a competitive pool of 25 remarkable founders, earning their place at the prestigious Women’s Venture Summit 2024 (WVS). The finalists, selected from five regions and one wildcard, will compete at WVS in San Diego from September 25 – 27, 2024, for over $50K in grants, investments and in-kind services.

The Women’s Fast Pitch 2024 winner will receive:

• $25K in-kind legal services from Holland & Knight
• A minimum $5K grant
• A minimum $10K investment from She Invests
• And additional valuable resources!

“At Stella Foundation, we are committed to championing the innovative and transformative ventures led by women,” says Flossie Hall, CEO of Stella. “The Women’s Fast Pitch competition showcases the incredible talent and entrepreneurial spirit of female founders from across the nation. We are thrilled to celebrate these six remarkable finalists and look forward to witnessing their impact at the Women’s Venture Summit 2024. Their success is a testament to the power of diversity and the importance of investing in women-led businesses.”

The 2024 Women’s Fast Pitch finalists include:

• Northeast: Heather Lawver – Ceemo.Ai – Washington, DC
  Ceemo.Ai automates the creation of marketing and pitch assets a company needs to launch, sell and fundraise. It enhances the storytelling journey for startups and fosters a more equitable venture capital landscape.
• Southeast: Kimberly Evans – Just Her Rideshare – Charlotte, NC
  Just Her Rideshare, Inc. is a rideshare and community mobility company prioritizing women’s safety, comfort, and empowerment, offering women a choice in their rideshare experience.
• Midwest: Haley Marie Keith – MITO Material Solutions – Indianapolis, IN
  MITO® Material Solutions develops advanced additives for resin systems, enhancing composite components used in manufacturing across various industries such as planes, cars, trains, wind turbines – even sporting goods.
• Northwest: Janice Williams Oliver – MisTee PRO – San Jose, CA
  MisTee PRO has revolutionized hair care for curly/coily hair, using advanced steam technology to serve the needs of billions worldwide.
• Southwest: Lauren Fang – MedAssent DDS – Los Angeles, CA
  MedAssent DDS is the exclusive, dental-specific resource dedicated to streamlining medication management, enhancing patient safety, and improving practice efficiency. Through the integration of AI tools, MedAssent DDS provides a seamless, patient-centric experience by empowering dentists with instant, reliable medication insights.
• Wildcard: Joanna Shu – FreezeNit – Marblehead, MA
  FreezeNit offers an innovative solution to treatment-resistant head lice using cold carbon dioxide gas, ensuring effective and quick elimination of lice and their eggs in a single, short treatment.

The Women’s Venture Summit, now in its 11th year, is a landmark event that bridges the gap between female founders and investors. This three-day conference includes transformative workshops, panels and the pitch competition, all designed to increase female founders’ access to capital and grow the number of investors in female-led startups. Since its inception, the summit has been instrumental in facilitating over $200 million in fundraising for women-led companies. It serves to inspire, empower and equip attendees to drive significant change for women in the entrepreneurial ecosystem.

About Stella Foundation:
Founded in 2012, Stella connects women founders and investors to the right resources – at the right time – in their journeys. From ideation to funding to exit, women founders and investors look to Stella for its powerful constellation of support made up of an inclusive community, curriculum, access to capital events including the annual Women’s Venture Summit, advisory services and funding opportunities. For more information, please visit https://stella.co/.

Media Contact:
Laura Henson
917-539-7812
[email protected] 

SOURCE Stella Foundation

NEW YORK, Aug. 14, 2024 — Actuate, a leading innovator in computer vision technology for remote video guarding, proudly announces the successful closing of an $11.5 million funding round. This investment was led by Gray Line Partners, with significant contributions from existing investors Tribeca Venture Partners, Bling Capital, Tensility Venture Partners, and Upside Partnership.

The remote video guarding industry is the fastest growing segment in the physical security industry, catalyzed by increasing waves of organized property crime and the challenges in security guard hiring. Actuate’s AI solutions are instrumental in enabling remote video guarding operations, allowing a handful of operators to effectively monitor thousands of cameras.

Nathan Varn, Vice President of Sales of Envera Systems, said, “We’ve very metrics-driven in terms of the operational efficiency of our monitoring center. Ever since we moved our cameras to Actuate, we achieved the lowest false alarm rate in company history.”

The new funding will enable Actuate to accelerate its growth, enhance its cutting-edge technology, and expand its market presence. As a trailblazer in AI-driven security solutions, Actuate leverages advanced computer vision to provide unparalleled remote monitoring and protection, ensuring safety and operational efficiency for a wide range of industries.

Eddie Kang, Managing Partner at Gray Line Partners, commented, “Actuate is making businesses and people safer. Their AI is more accurate than the competition and they have incredible trust across the ecosystem. We’re very excited to support Actuate as they continue to push the industry forward.”

Sonny Tai, CEO of Actuate, stated, “This funding is a significant milestone for Actuate. It will allow us to deepen our technical moat and scale our market share within the industry. We are excited to partner with Gray Line and our other esteemed investors to drive the next phase of our growth. With this support, we will continue to push the boundaries of what’s possible in video surveillance and security.”

Actuate’s platform harnesses the power of AI and computer vision to offer highly accurate, real-time monitoring and threat detection, significantly reducing the need for manual oversight. The company’s solutions are designed to enhance security protocols, minimize response times, and provide actionable insights for proactive threat management.

The investment marks a pivotal moment for Actuate as it aims to further its mission of redefining remote video guarding and establishing new benchmarks in security technology.

For more information about Actuate and its innovative solutions, please visit https://actuate.ai or contact:

About Actuate:

Actuate is a New York-based AI company specializing in computer vision software for remote video guarding. Through advanced AI and machine learning algorithms, Actuate delivers superior security solutions that enhance monitoring, threat detection, and operational efficiency across various industries.

About Gray Line Partners:

Gray Line Partners is a growth equity firm that focuses exclusively on enterprise software businesses at the early growth stage. They partner with founders that are looking to build transformative businesses that will shape industries in the decades to come.

Media Contact: Sonny Tai, [email protected] 

SOURCE Actuate

Tau Capital recently led a strategic investment in Sepio

ROCKVILLE, Md., Aug. 13, 2024 — Sepio, the innovator of the physical layer-based asset risk management solution, ensuring customers can see, assess, and mitigate the risk of all known and shadow IT assets at any scale, today announced a new investment, extending its series B funding. The investment, led by Tau Capital, will support the growing company’s customer facing organizations needed to address an exceeding demand from tier-1 enterprises for Sepio’s solutions. It will also go toward allocating resources for Sepio’s recently introduced Hardware Detection and Response (HWDR) managed service.

Supporters of Sepio’s past significant investment rounds include U.S. Venture Partners (USVP), Hanaco Ventures, Munich RE Ventures, Merlin Ventures, Citi Ventures, Pico Partners, Standford University additional private investors. The current funding brings the current funds raised to $48 million.

“We are thrilled to have Tau Capital lead this extension round,” said Yossi Appleboum, CEO of Sepio. “Their expertise and strategic insights will be invaluable as we continue to innovate and scale our growing customer base operations and maintain our leadership in the asset risk management space.”

Appleboum continued, “This funding will allocate additional resources as we see the continued growing traction for global players across multiple verticals and territories. These organizations are instrumental in our recently formed Customer Advisory Board (CAB), providing invaluable insight and feedback, to influence and validate our exciting product roadmap.”

Tau Capital, known for its focus on transformative technology companies, sees Sepio as a key player in the cybersecurity landscape. “Sepio’s unique approach to asset risk management is critical in today’s increasingly complex and interconnected digital world,” said Andrea Mollica, Managing Director at Tau Capital. “We are excited to support Sepio’s vision and look forward to their continued success.”

Andrea continued, “I strongly believe that Sepio will continue to experience growing traction from Tier-1 customers, as prioritizing and managing asset risks is crucial for every cybersecurity plan.”

The industry analyst firm Frost & Sullivan stated, “Sepio stands out from competitors based on its commitment to innovation, creativity and ability to launch new solutions with far-reaching impact and application. Sepio’s solutions are vital for government agencies, financial institutions, critical infrastructure, managed security service providers, healthcare, manufacturing and retail. The company pairs its technology focus with customer-centric values, thus earning a solid reputation in the network access control market.”

Gartner also shared its praise of the company in its annual Cool Vendor Awards, writing “By providing enterprises with the ultimate visibility of what assets are on their network or are connected to their endpoints, Sepio empowers organizations to effectively secure networks and endpoints, significantly reducing attacks using rogue hardware to launch supply chain attacks or succumb to inside threats.”

About Sepio

Sepio provides the first hardware asset risk management platform based on device existence. The company’s solution offers customers actionable visibility, policy enforcement and mitigation capabilities, allowing them to manage their assets’ risk. The solution does not require any traffic or activity monitoring – and as such is use case and device agnostic, whether it is IT/OT/IoT or IoMT. If an asset connects to your infrastructure, Sepio will report it. At any scale, within less than 24 hours, you can see, assess and mitigate your assets’ risks, streamline your operations and strengthen your cybersecurity posture.

About Tau Capital

Tau Capital, headquartered in Abu Dhabi, UAE, is a premier investment firm dedicated to fostering the growth of innovative technology companies. With a keen focus on identifying and supporting high-potential ventures, Tau Capital partners with visionary entrepreneurs to drive transformative impact and create long-term value. Tau’s strategic investments span across various sectors, including cybersecurity, spacetech, biotech, robotics, and more, reflecting a commitment to advancing cutting-edge solutions that shape the future. Leveraging deep industry expertise and a collaborative approach, Tau Capital empowers portfolio companies to scale rapidly and achieve their full potential.

Media Contact
Katie Shugars
Sepio
[email protected]
+1 (240) 660 – 8690

SOURCE Sepio

Marking the third investment in Fund III

BOSTON, Aug. 13, 2024 — Fort Point Capital, a Boston-based private equity firm, announced that it has acquired NewBold Corporation (“NewBold” or the “Company”), a leading provider of managed technology services to the quick service restaurant, retail, warehousing, and healthcare industries. Headquartered in Greenville, SC, NewBold supports point-of-sale (“POS”), automatic identification and data capture (“AIDC”), and payment device product lines, with services including on-site service response, depot repair services, technology procurement and deployment, configuration and integration, help-desk support, and payment device encryption and injection services.

“Over the past five years, Keith Howerin and the talented team at NewBold have made investments in new capabilities and executed on strategic acquisitions to build a leading technology services platform, and we are very excited to support the Company’s next phase of growth,” said Paul Lipson, Partner at Fort Point Capital. “NewBold’s reputation as the partner-of-choice for technology OEMs and multi-site enterprises with complex, mission-critical technology needs is a testament to the Company’s outstanding service record and unique expertise.”

“We are thrilled to partner with the Fort Point Capital team,” stated Keith Howerin, CEO of NewBold. “This investment comes at an exciting time for NewBold – as field technology proliferates, customers are looking for a partner that can deploy, manage, and support their critical hardware assets across complex real estate footprints. Through continued investments in talent and technical capabilities, we see tremendous opportunity to expand our service suite with existing customers and support new accounts across end markets.”

“We have been extremely impressed by NewBold’s track record of growth and ability to serve customers at all stages of the technology cycle,” added Michael Duffy, Vice President at Fort Point Capital. “The Company also has a track record of expanding its commercial and technical reach through successful acquisitions, and we will seek to build on and accelerate that strategy during our partnership.”

Old Second National Bank and Brookside Mezzanine provided debt financing for the transaction. Akerman LLP and Forvis Mazars, LLP advised Fort Point Capital, while Artisan Investment Banking and Metz Lewis Brodman Must O’Keefe advised the Company.

About NewBold:

Founded in 1994, NewBold is a leading technology managed services provider, providing OEMs and multi-site enterprises with specialized deployment, integration, repair, and maintenance services for point of sale and automated identification and data capture equipment. NewBold also operates a PCI-compliant key injection facility, serving as a one-stop payment device solutions provider to end users and channel partners throughout the payments ecosystem. To learn more, please visit https://www.newboldcorp.com.

About Fort Point Capital:

Fort Point Capital, a Boston-based private equity firm, employs a management-led, growth-oriented approach to private equity investing. Since its inception in 2011, Fort Point has partnered with founders and management teams to accelerate growth, expand service offerings, access new markets, and support follow-on acquisitions. With a portfolio that reflects over 50 acquisitions, Fort Point Capital continues to deliver enduring value to its partners, employees, and shareholders. Currently, the firm is investing from FPC Small Cap Fund III. To learn more, please visit https://fortpointcapital.com/.

SOURCE Fort Point Capital

Shinkong’s contribution to the leading material science company’s facility will help expand global production capacity for its premium material made from end-of-life textiles. It builds on three years of collaboration that harnessed Ambercycle’s molecular regeneration technology and Shinkong’s extensive experience in the premium polyester market to jointly manufacture regenerated yarns and meet the growing demand for cycora® material.

“This investment signifies a crucial milestone in our endeavor to make circular materials widely available,” said Shay Sethi, Co-founder and CEO of Ambercycle. “We are excited to deepen our partnership with Shinkong. This investment enables us to scale up to meet the growing demand of our customers and push the boundaries of sustainable textile production.”

Demand for decarbonized polyester is expected to reach approximately 7 million metric tons annually in 2026, up from 5 million metric tons in 2015, as more brands seek out circular materials to reach their sustainability goals.

“Recognizing Ambercycle’s leadership in circular solutions, we are eager to support their expansion,” stated Eric Wu, Chairman at Shinkong Synthetics. “Investing in their new facility is not just a strategic move—it’s a commitment to pioneering a future with decarbonized polyester, which we see as critical to our business. This collaboration will further amplify our capacity to deliver high-performance, sustainable products to the global market.”

Ambercycle expects to commence operations at the new facility in 2026, further strengthening the partnership between both companies. This strategic expansion will significantly enhance their ability to support circularity and scale next-gen materials within the textile industry, aligning with global efforts to transition towards more decarbonized production practices. 

About Shinkong Synthetics

Shinkong Synthetic Fibers Co., Ltd. is a leader in Taiwan’s polyester industry and one of the important polyester manufacturers in the world. Founded in 1967, having more than half a century of rich experience and occupies an important position in the fields of polyester fiber, polyester granules, polyester film and engineering plastics etc.

As one of the core enterprises of Shinkong Group, Shinkong Synthetic Fibers Co. is committed to innovation and sustainable development. The company continues to invest in research and development to develop high-quality and high-value-added products, including functional fibers and environmentally friendly fibers. In recent years, having actively responded to the global sustainable development trend and vigorously promoted green manufacturing and circular economy.

In terms of environmental protection, Shinkong Synthetic Fibers Co. has invested a lot of resources to develop recycled fibers and biological polyesters, and are committed to reducing oil dependence and carbon emissions. The company also implements a strict environmental management system and strives to reduce energy consumption and waste emissions in the production process.

About Ambercycle 

Ambercycle is powering circularity in fashion. Established in 2015, this Los Angeles-based company is revolutionizing the fashion industry with its award-winning molecular regeneration technology. cycora® regenerated polyester is the company’s first premium material solution made from end-of-life textiles. Driven by the vision to improve humanity’s relationship with materials, Ambercycle is minimizing the impact of raw material extraction on our environment and paving the way to decarbonize fashion.

Contact: [email protected]

SOURCE Ambercycle