Monthly Archives: September 2024

Mox Capital Announces Strategic Support for Rapid-Scaling Startups Across Vietnam and Southeast Asia

HANOI, Vietnam, Sept. 14, 2024 — Mox Capital, a trailblazer in alternative investments with AUM of US$1.4 billion, is announcing its strategic support for a vast array and variety of regional high-potential startups. According to COO Nguyen Dinh Giang, Mox Capital seeks to reinforce its commitment to nurturing rapid growth in Vietnam and Southeast Asia, especially those that fit the funds’ fast pace and alternative mandate. Accompanied by comprehensive backing from Mox Capital, fledgling enterprises should be empowered to thrive in an increasingly competitive regional landscape.

Among these promising startups are Steerman Brewery and 1Long, which exemplify the potential and innovation Mox Capital seeks to foster. Steerman Brewery has quickly made a name for themselves in the Vietnamese beverage industry since they were founded in late 2019. Their launch of their first Hard Soda (brewed & fermented from fruit juice) in mid-2021 and subsequent recognition with the October 2022 by receiving a silver medal underscore their rapid trajectory. By 2023, the company opened its taproom and expanded its market presence by entering the GS25 convenience store chain in January 2024. Steerman Brewery is now available in over 100 locations in addition to 200+ GS25 stores throughout Vietnam and boasts a year-over-year growth of over 35%. According to Steerman’s co-founder Ben, the company is one of the only two Vietnamese-owned companies in the top 10 craft beer companies in Vietnam. Their unique beverages, the Hard Soda line, reflect this as its sweet and juicy taste is catered towards local palate – and they seek to maintain their uniqueness to further the growth pace and product offering that Steerman has been proud of.

On the other hand, in the fintech sector, 1Long stands as a beacon of flexibility and transparency. The AI-backed financial management platform has forged strong partnerships with top-tier investors such as Iterative, Monk’s Hill Ventures, R2VP, and Orionis Capital, securing US$500,000 in seed investment. 1Long’s commitment to transparency and streamlined operations has earned it a reputation as Vietnam’s second-fastest-growing startup. With their goal of addressing the challenges faced by the country’s 1 million brokers who struggle with data management and client engagement, 1Long has secured over US$1,000,000 in AUM and 6,000+ users in mere months after launch. By combining simplified asset management with cutting-edge AI technology, 1Long aims to reshape financial services delivery in Vietnam’s rapidly evolving fintech landscape.

Mox Capital’s involvement with these companies extends to a broad spectrum of other emerging businesses. By providing access to extensive distribution channels across Southeast Asia, facilitating significant capital sourcing and supporting with industry-specific expertise, Mox Capital ensures the startups that the fund is accompanying are well equipped to scale effectively. The firm’s regional views and thesis also prove invaluable, offering startups the peace of mind necessary for navigating a complex globalising market. This strategic model aligns perfectly with Mox Capital’s thesis of rapid alternative investments and COO Nguyen Dinh Giang’s dedication to uplifting Vietnamese enterprises.

This announcement marks another important milestone in Mox Capital’s mission to drive blitzscaling growth and sustainable innovation in Southeast Asia’s and especially Vietnamese entrepreneurial sector. By steadfastly supporting a diverse range of promising startups, Mox Capital not only catalyzes the success of companies like Steerman Brewery and 1Long but also shapes the future of Vietnamese entrepreneurship. Through these efforts, Mox Capital is positioned to lead the charge in fostering regional growth and paving the way for the next generation of industry innovators.

For more information about Mox Capital’s unique investment strategies, visit https://mox.capital/ 

SOURCE Mox Capital

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Learning Tree International Celebrates 50 Years of Innovation, Impact, and Excellence

HERNDON, Va., Sept. 13, 2024 — Learning Tree International, a learning and development solutions company, proudly marks its 50th anniversary, celebrating half a century of transformative Innovation, profound Impact, and unwavering Excellence.

This significant milestone underscores our commitment to empowering individuals and organizations, shaping the future of professional development, and making a lasting difference in the communities we serve. Our core values drive us daily, through our Innovative products, and purchase solutions. Customers have been impacted by our endless pursuit of knowledge and skill, and our dedicated care ensures we are delivering customer-first training and support at the highest levels of Excellence.

“Celebrating 50 years of excellence and innovation is a testament to our enduring commitment to our customers and the communities we serve,” says David Brown, Learning Tree CEO. “This milestone represents not just our history, but our vision for the future, as we continue to lead in the industry.” 

Since founding in 1974, we have grown from a small startup to an industry leader, known for our cutting-edge solutions and customer-centric approach. Over the past five decades, we have been unyielding in our commitment to our customers, consistently delivering high-quality products and services and earning the trust and loyalty of both our customers and partners.

“We owe our success to the unwavering dedication of our team and the trust of our partners, and for that, we are truly grateful,” added Brown.  “As we embark on the next 50 years, we do so with renewed vigor and the same passion for quality and service that has been our hallmark from day one.” 

To mark this historic occasion, Learning Tree International is hosting a landmark event that is designed not just as a reflection of our past achievements, but as a catalyst for future success. The event features a compact yet powerful two-hour session, packed with cutting-edge insights and actionable skills. These are essential for thriving in today’s fast-paced work environment.  Attendees will benefit from specialized tracks, covering key areas of career and organizational development. It will offer a unique opportunity to engage directly with industry leaders and network with professionals from commercial and government sectors. Sessions are technical skills, risk + compliance, and leadership, featuring hands-on workshops on cybersecurity, ITIL, data visualization, and leadership for immediate skill application.

For more information on Learning Tree and its world class courses, please visit IT Training Courses & Certifications | Learning Tree or contact [email protected]

About Learning Tree International 

Learning Tree International is a trusted learning partner specializing in skill development, leadership training, and certification. Helping individuals and organizations achieve their goals, Learning Tree offers a comprehensive portfolio of courses encompassing technical skills training, leadership development, cybersecurity, project management, and more. Learning Tree’s vision of providing best-in-class training that meets the needs of today’s workforce is supported by a team of instructors and subject-matter experts with real-world experience, who effectively bring the company’s extensive library of proprietary and partner content to life. 

Media Contact:
Saveeta Pillai
Global Head of Marketing
[email protected]
703.925.6305 

SOURCE Learning Tree International

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Second Front Systems Raises $70 Million in Series C Funding Led by Salesforce Ventures

Company to expand capabilities and accelerate delivery of emerging technology and software tools in support of global security and commercial missions

WILMINGTON, Del., Sept. 13, 2024 — Second Front Systems (2F), a public-benefit software company focused on enabling the delivery of mission-critical software solutions, today announced the close of its $70 million Series C funding round. The round was led by Salesforce Ventures, with participation from new investors, Battery Ventures, and existing investors, NEA, Moore Strategic Ventures, and Artis Ventures. 

“Since Second Front’s beginning, our guiding vision has been to make it easier for commercial technologies to contribute to global security,” said Tyler Sweatt, CEO of Second Front Systems. “This mission still rings true to this day. Our team has proven that we can help remove barriers between commercial software companies and the U.S. government and its allies—to ensure that dollars go further and better capabilities get to mission owners faster. To ensure the best technologies support the most critical customers, we are excited to deepen our partnerships with U.S. and allied governments to power software for the free world.”

2F has an integral role in enhancing the U.S. government’s technological agility, particularly within the Pentagon and DoD, and has recently ramped up its international expansion, highlighted by its partnership with NATO. 2F’s Game Warden deploys commercial and government solutions to classified, air gapped, regulated, and government environments around the world. Game Warden is trusted by leading organizations including Microsoft, Amazon Web Services, Learn to Win, and DEFCON AI. This funding round follows 2F’s recent ranking of #28 on the Silicon Valley Defense Groups’ NATSEC100, where 2F accomplished the second highest jump by a company year over year.

“We are excited to invest in Second Front, one of the defense technology leaders transforming how the United States and its allies gain access to cutting-edge technology,” said Rob Keith, Partner at Salesforce Ventures. “We want the U.S. government to have access to innovative software deployment strategies, and companies like Second Front help bridge the gap between the DoD and technology through their growing platform. We believe this latest funding round will support the company’s continued growth and success.”

Michael Brown, a Battery Ventures general partner, has joined the board as an observer. 2F recently expanded its leadership by appointing Josh Bosquez as CTO, Jason Weiss as CTO-Public Sector, and former U.S. Senator Martha McSally to its board of directors.

About Second Front Systems

Second Front Systems (2F) securely fast-tracks government access to software-as-a-service (SaaS) applications to help build a safer tomorrow. As a DOD-accredited solution for up to and including TOP SECRET and also FedRAMP® In Process, 2F’s Game Warden provides a secure cloud hosting environment to accelerate the delivery of innovative tools and programs. With roots in U.S. Government service, this public-benefit, venture-backed software company is trusted by Government agencies and leading software providers, to empower them to succeed in their contributions to global security. For more information, visit https://secondfront.com/

SOURCE Second Front Systems

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XP Health continues fast growth trajectory with $33.2 million infusion of capital

Series B funding demonstrates growing interest in vision programs and vision care among investors and employers

SAN CARLOS, Calif., Sept. 13, 2024 — XP Health, a company dedicated to modernizing vision care with a digital-first vision care platform, announced today a new $33.2 million Series B infusion of capital.

This round of funding was led by global fintech VC firm QED Investors with other prominent investors including Canvas Ventures, American Family Ventures, HC9 Ventures, Valor Capital Group, and Manchester Story, who were all also part of a $17.1 million Series A round announced in fall 2022.

XP Health has raised a total of more than $55 million. The company offers full replacement vision programs that help reduce employee out of pocket cost, while providing a fresh approach to the vision care experience. Its vision programs cover more than 250,000 people and have seen rapid growth in the last two years since launching its platform, expanding from 30 to over 3000 business customers, including DocuSign, Navistar, Chegg, Sequoia Consulting, and strategic partners like The Guardian Life Insurance Company of America.

“Vision care is an indispensable provision for employee wellbeing, and we are excited to partner with XP Health on building a category leader,” said Victoria Zuo, of QED Investors. “Employees are tired of overpaying for out of pocket costs for vision care. With XP Health, they can now dramatically decrease that expense while enjoying a far superior user experience and product.”

QED Investors’ portfolio has encompassed 225 investments across 19 countries, including 28 unicorns such as Credit Karma, Nubank, Remitly, Flywire, and SoFi, as well as health and benefits companies like Decent, Finch, and EasyHealth.

“We’re proud to raise a substantial round with great terms, despite the tough funding environment, which demonstrates our continued growth and a strong demand from employers and benefit partners for a modern vision care solution,” said Antonio Moraes, CEO and co-founder of XP Health. “With this new investment, we’ll strengthen our competitive advantage by focusing on a best-in-class customer experience that includes reducing traditional employee vision costs by as much as 69 percent, and expanding our production capacity to eventually serve 10 million members.”

According to Moraes, XP Health will invest in R&D to continue expanding its product offering, as well as increase its focus on Generative AI products that will improve the member experience and continue to reduce typical member friction points in vision care, such as reducing the time it takes for appointment scheduling and enhancing the digital shopping experience. In addition, XP Health will deploy the funding to continue expanding its sales and marketing efforts, further empowering employers and distribution partners nationwide.

About QED Investors
QED Investors is a global leading venture capital firm based in Alexandria, Va. Founded by Nigel Morris and Frank Rotman in 2007, QED Investors is focused on investing in disruptive financial services companies worldwide. QED Investors is dedicated to building great businesses and uses a unique, hands-on approach that leverages its partners’ decades of entrepreneurial and operational experience, helping companies achieve breakthrough growth. Notable investments include AvidXchange, Betterfly, Bitso, Caribou, ClearScore, Current, Creditas, Credit Karma, Flywire, Kavak, Klarna, Konfio, Loft, Mission Lane, Nubank, QuintoAndar, Remitly, SoFi, Wagestream and Wayflyer.

About XP Health
XP Health democratizes access to high-quality, delightful experiences in vision care that double coverage and reduce costs. It is a digital-first vision platform focused on eye exams and eyewear that uses customer-centric design and technology to create a better member experience and improve access. XP Health was founded to combat the often confusing, expensive, and frustrating experiences common with vision care and vision insurance. XP Health was named to Fast Company’s 2021 list of “The World’s Most Innovative Companies,” and over the past year has expanded from 30 to 3000+ customers, including DocuSign, Navistar, Chegg, Sequoia Consulting, and strategic partner Guardian Life Insurance. To learn more visit xphealth.co.

Media Contact

Ivy Cohen
Ivy Cohen Corporate Communications
(212) 399-0026
[email protected] 

SOURCE XP Health

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Ledgebrook Announces $17M Series B Funding and Appoints CFO Anthony Segal-Knowles

BOSTON, Sept. 13, 2024 — Ledgebrook, the rapidly growing insurtech, is excited to announce the successful completion of a $17M Series B funding round. This opportunistic raise introduces two esteemed Family Offices to the Ledgebrook cap table: Duquesne (who led the round) and The Stephens Group and also included participation from long-term partners Brand Foundry Ventures & American Family Ventures. The capital infusion will allow Ledgebrook to accelerate expansion of current operations & embark on new, innovative projects.

Ledgebrook’s Series B comes quickly on the heels of its $24M Series A announced in March 2024, underscoring investor confidence in the mission to redefine the insurance experience through cutting-edge technology and exceptional customer service.

“We are thrilled to welcome Duquesne Family Office & The Stephens Group into the Ledgebrook family,” said Gage Caligaris, Founder & CEO. “Their commitment to long-term thinking aligns well with our vision for what Ledgebrook can be in the coming decades. It’s a rare opportunity to be able to bring on partners of this caliber and I couldn’t be more excited.”

Ryan Morrow, Managing Director at Stephens Group, commented, “We have been fortunate to get to know Gage over the last year, and it’s clear he has the chance to build the next great insurance platform. The Excess and Surplus market and its brokers are long overdue for better technology to place their most difficult risks, and Ledgebrook is building that exact platform. This investment not only supports Gage and the Ledgebrook team but also reinforces our commitment to fostering innovation in the insurance industry. We are excited to partner with Gage and the Ledgebrook team as they transform the way brokers place E&S policies.”

In conjunction with this funding round, Ledgebrook is also proud to announce the appointment of Anthony Segal-Knowles as its Chief Financial Officer. Most recently of Lazard, Anthony brings a wealth of experience in financial and strategic planning from decades in senior-level roles in the British Treasury & International Monetary Fund making him an invaluable addition to Ledgebrook’s executive team during this exciting period of expansion.

With the support of new investors and the addition of a seasoned CFO, Ledgebrook is well positioned to accelerate growth and achieve its ambitious goals.

For more information, please visit www.ledgebrook.com.

SOURCE Ledgebrook

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Unicorn Hunters Season 2: The Interactive Reality Series Returns to Hunt for the Next Billion-Dollar Companies

Innovators and entrepreneurs take the spotlight in the global investment series that has the potential to make viewers rich.

MIAMI, Sept. 13, 2024 — The hunt is officially on for the groundbreaking series that links entrepreneurs seeking capital with millions of potential investors worldwide, offering viewers a chance to invest, at the pre-IPO stage, in ideas that have the potential to become billion-dollar companies.

Unicorn Hunters is now accepting applications from entrepreneurs around the globe for its Second Season. This is a unique opportunity for emerging growth companies that want to access an exclusive global ecosystem that helps entrepreneurs in reaching their goals, collaborating with tech giants like Google and Microsoft, as well as regional innovation hubs.

If you are an entrepreneur with a billion-dollar potential company, the producers of Unicorn Hunters want to hear from you! Visit UnicornHunters.com to register to be considered for Season 2.

These start-ups will have the opportunity to pitch their business ideas to our panel of experts. They assess each company’s potential and scrutinize its founders with rigorous questions, enabling millions of viewers to form their own conclusions and invest wisely. This has led many to consider it one of the few shows that offers a genuine portrayal of entrepreneurship and the role of investors.

The show has featured business titans like Steve Wozniak, co-founder of Apple; Silvina Moschini, the first Latin American woman to build a billion-dollar company; market experts such as Rosie Rios, former Treasurer of the United States; and celebrities like Lance Bass and Chris Diamantopoulos, among others.

With a potential global audience of over 300 million viewers across distribution, the show has featured 17 companies and entrepreneurs from countries such as Ukraine, Israel, Chile, Mexico, Denmark, UK and the United States. These companies span various sectors, including health-tech, bio-tech, sport-tech, climate-tech, fintech, web3 and other disruptive technologies.

Unicorn Hunters can be streamed on UnicornHunters.com, YouTube, LinkedIn, El Colombiano, Claro Video, and on in-flight entertainment systems aboard airlines such as Tap Air Portugal, WestJet, and Etihad Airways, serving millions of passengers across the Middle East, Europe, North America, Asia, Africa, and Australia.

About Unicorn Hunters
Unicorn Hunters is a pioneering business show that democratizes access to funding, giving founders the possibility to raise expansion capital from millions of viewers around the world, and giving people the chance to invest in pre-IPO opportunities alongside business luminaries.

Unicorn Hunters, recognized as the most iconic business series of recent times, according to Forbes magazine, is pioneering “enrichtainment” – a brand new genre of television that combines entertainment with investment opportunities that can boost individual wealth.
Trailer

IMDB
Unicorn Hunters Pictures
Unicorn Hunters Reel
Website: http://unicornhunters.com/
YouTube: https://youtube.com/unicornhunters
Instagram: https://www.instagram.com/theunicornhuntersshow 
Facebook: https://www.facebook.com/TheUnicornHuntersShow/ 
X: https://x.com/_unicornhunters 
Linkedin: https://www.linkedin.com/company/unicornhunters 

Media Contact:
Pilar Planells
[email protected]
+5491141711804

SOURCE Unicorn Hunters

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Cavela Raises $2 Million to Automate Product Sourcing for E-Commerce

AI-powered platform saves businesses 40% by optimizing matching and negotiation with suppliers

SAN FRANCISCO, Sept. 12, 2024 — Cavela officially launches today to revolutionize the way brands and businesses source products, using AI-driven automation to connect them with premium manufacturers worldwide at optimal cost. At the same time, Cavela announced its $2 million funding round led by XYZ Venture Capital, with additional support from Propel Ventures and Go Global Ventures.

E-commerce tools like Shopify have made selling products easier than ever, but creating those products is still time-, labor-, and capital-intensive, requiring months of work, thousands of messages, and costly factory visits. Cavela solves this with AI agents that automate the steps of finding, negotiating, and coordinating with a network of premium suppliers around the world, reducing the process from 1,000 touch points to just 10 and saving hundreds of hours of work. By allowing them to engage with hundreds of suppliers at once, Cavela enables brands to access better supplier matches, and receive quotes that are, on average, 40% lower than self-sourcing.

“Creating custom products is difficult, but with recent developments in AI, it doesn’t have to be,” says Anthony Sardain, CEO of Cavela. “Large enterprises have dedicated teams to manage the complex process of product sourcing, but small and midsized businesses don’t have that luxury. We’re leveling the playing field, making it easier and more affordable for anyone to create custom products.”

The Cavela team is uniquely positioned to tackle these challenges, drawing on their extensive experience in both procurement and AI technology. The core team has backgrounds at Stripe, Google, Amazon, and Disney. They also have manufacturing and procurement expertise from Primark and DS Smith, have run e-commerce brands, and are broadly international with strong connections to supplier hubs in Asia and Latin America.

Amid the continued boom in e-commerce and increasing pressure to build rapidly adaptable supply chains, modern sourcing solutions are in high demand. Cavela has already demonstrated that its AI can not only outperform conventional sourcing for brands across a wide range of product categories, but also make product sourcing more accessible, enabling even startups to easily source custom merchandise.

“The bottom line is that with Cavela we’re cutting production costs on our core products by 35%,” says Jordan Beaman, Founder of Western Welder Outfitting, a leading workwear brand. “Not only that, Cavela has also made it possible for us to quickly and easily expand our product line beyond our core offering.”

With its recent capital infusion, Cavela is set to enhance the platform’s capabilities and broaden its reach to more businesses. The company is focused on making product sourcing even easier, more transparent, and highly efficient — empowering businesses of all sizes to succeed in a competitive landscape.

“It’s very rare that you come across a team like this one, with a cross section of AI and specific industry experience, capable of remaking that industry — in this case, e-commerce,” says Ross Fubini, Managing Partner of XYZ Venture Capital, which led the round. “Cavela is going to have a huge impact on everyday operations of brands, startups, small companies, and more. But also have a broad, global impact on how products get made and distributed around the world. It’s a magnitude of change on par with the advent of Shopify.”

For more information, visit www.cavela.com.

Media contact: Camille Ricketts, [email protected] 

SOURCE Cavela

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NVIDIA Serial Inventor Raises $4.4M with Blitzy to Build Autonomous Enterprise Software Development Platform

CAMBRIDGE, Mass., Sept. 12, 2024 — Blitzy, a GenAI company born out of the Harvard Innovation Lab and founded by NVIDIA Serial Inventor Sid Pardeshi and Serial Entrepreneur Brian Elliott, is on a mission to automate end-to-end custom software development. Blitzy’s platform takes the requirements for a new product, runs it through its proprietary orchestration platform, and automates large portions of the software development process, with a goal to achieve full autonomy in the coming years. Blitzy is announcing it is coming out of stealth with $4.4M in initial capital from Link Ventures, Bessemer, Flybridge, NFX, Picus, and Asymmetric.

Brian, the Co-Founder & CEO shared, “In company-building, the team is everything. We have a strong investor base as part of our broader team. We are now focused on hiring ambitious first-principle software engineers to advance our platform.”

Blitzy is now providing access to its platform to a limited number of enterprises, and interested enterprises should book a meeting through the website for a demo. The company demos have proven entertaining for enterprises, as they take descriptions for product ideas live on the call, and build a comprehensive product for the viewer — from creating design specification documents all the way to deploying the code on GitHub. While this is a fun way to experience the platform capabilities, enterprises have found the deepest value from onboarding existing code bases and enterprise-specific APIs onto a secure instance of the Blitzy platform, which has proven to be a game-changer in accelerating existing development projects.

The code generation space has seen a prolific rise of co-pilots and AI pair programmers; however, Blitzy believes AI code generation in isolation is not a sufficient path. Their autonomous development platform leverages an agentic orchestration framework, highly-curated data sets, and a series of patent-pending inventions to drive its robust, reliable, enterprise-grade software creation process.

Co-Founder & CTO Sid Pardeshi is a former NVIDIA software architect who was awarded the NVIDIA Inventor’s Jacket for his exceptional rate of new AI inventions–he’s filed 27 patents and counting. Brian is a Serial Entrepreneur and West Point graduate, where he studied Systems Engineering with a focus in Simulation Design. The duo met at Harvard Business School, where they built an app together overnight for a local bakery as their first project. This inspired them to radically rethink the software development lifecycle with the use of a new multi-agent orchestration framework.

Boaz Fachler, Principal at Link Ventures who led the deal, shared, “At Link, we’re incredibly active in the Harvard and MIT AI ecosystem, and even amongst this group, we were blown away by the level of innovation and speed of execution from the team at Blitzy.”

Blitzy shared its platform technology is akin to auto-pilot within an airplane. The system requires deliberate, specialized input directions, along with take-off and landing led by a human being. Most of the heavy lifting, however, is completed by the Blitzy platform itself. The team believes it can drive down the timeline and headcount requirements for large, well-defined enterprise software projects by ten-fold. Beyond that,the platform works for both new and existing products. Enterprises have been most excited about the ability to take an existing codebase, back-propagate up-to-date documentation for the product, then add new features through natural language descriptions.

“We are committed to backing visionary leaders and disruptive technologies that have the potential to transform entire industries,” said Matty Mejia-Johnston, Principal at Asymmetric. “Blitzy’s innovative approach to automating the software engineering process represents a paradigm shift in software development. By leveraging AI orchestration and highly curated data sets, Sid Pardeshi and Brian Elliott are not only accelerating the software creation process but also setting new standards for efficiency and quality. We believe in Blitzy’s mission and are excited to support their journey towards autonomy in software engineering.”

The company will use this round of funding to hire additional engineers and grow the company’s presence in Boston and Pune.

To get in touch with the Blitzy team, please book a meeting through the website https://blitzy.com 

About Blitzy
Blitzy is on a mission to automate custom software creation. Their Blitzy platform aims to drive down the personnel and time requirements to deliver well defined enterprise grade software by ten-fold. The team has over 27 patents and counting and is actively hiring in Boston, MA.

Media Contact : Please reach out to [email protected] for media inquiries.

SOURCE Blitzy

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The Vitreus Foundation Secures $15,000,000 Investment Commitment from GEM Digital Limited to Accelerate Decentralized AI Infrastructure Adoption

GRAND CAYMAN, Cayman Islands, Sept. 12, 2024 — Vitreus, the visionary leader in decentralized artificial intelligence (AI) blockchain technology, is thrilled to announce a groundbreaking strategic partnership with GEM Digital Limited (GEM), a digital asset investment firm based in The Bahamas that actively sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally. The signing of this agreement marks a significant milestone in Vitreus’ journey as GEM commits to a $15,000,000 USD investment commitment into Vitreus, propelling the company into a new era of growth and innovation.

“We are excited to welcome GEM as our first institutional-grade investor,” said Chad, Founder. “GEM’s commitment to our vision and their substantial investment underscores the potential of Vitreus to shape the future of blockchain technology. With GEM’s expertise and resources, we are poised to expand our reach, accelerate our development, and realize our mission of creating a decentralized, globally connected ecosystem.”

Over the next two years, GEM will engage in ongoing OTC purchases of wVTRS, supporting Vitreus’ growth while ensuring stability within the market. This partnership aligns with the long-term goals of both Vitreus and GEM, ensuring a collaborative approach to driving innovation and expansion within the blockchain industry.

“As we embark on this transformative journey with GEM, we’ll unlock new possibilities, drive innovation, and shape the future of blockchain,” added Chad. “This partnership is not just about investment; it’s about aligning our visions for a decentralized future and working together to make that future a reality.”

The partnership with GEM is a testament to Vitreus’ potential to disrupt the AI revolution. Together, Vitreus and GEM are set to redefine what is possible in the world of decentralized technology.

About Vitreus

Vitreus is a Layer 0 blockchain platform designed to efficiently empower innovation through its unique multi-token economics and Decentralized Physical Infrastructure Network (DePIN). With VTRS and VNRG at its core, Vitreus is building a globally connected, decentralized ecosystem that stands at the forefront of the Web3 industry.

About GEM Digital Limited

GEM Digital Limited, a digital asset investment firm based in The Bahamas, actively sources, structures, globally, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally.

Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 580 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments.

For more information, please visit https://vitreus.io

We. Are. Vitreus.

Media Contact:
Jaren Holmes
936-443-1393
[email protected]

SOURCE VITREUS

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