MENLO PARK, Calif., Oct. 23, 2024 — Mindful Venture Capital (Mindful VC), a Silicon Valley-based early-stage venture capital firm powered by behavior design that backs mindful entrepreneurs building the future through technology, closed $5 million for its first fund in December 2022.
The power of behavior design goes beyond its application of insights from science and industry operators to company building and venture capital investment with its core thesis that behavior design can be used to invest better in venture capital markets.
Within two years, the firm made over fifteen investments into eleven companies, of which over 40% were follow-on investments priced by external lead investors.
Mindful VC’s trending success rate of companies progressing beyond proof of concept (POC) is over 70% with over 25% progressing to Series A since initial funding.
“We are innovators of behavior design investing using a systematic analysis that builds on top of traditional fundamental and quantitative analyses to move us into this next generation of mindful analysis,” said Ari Qayumi, Founder, General and Managing Partner of Mindful VC.
“We invest in people building tools that analyze and augment positive, diverse human abilities. We look for intentionality in the team, product, and business model. From persuasive to consensual to mindful computing, we back companies building mindful ventures and continue to back those that we believe are already in, or have the potential to achieve entry into, the mindful technologies category.”
Mindful VC invests in companies pioneering the next generation of innovation and intelligence that are advancing the health and performance of humans, machines, and environments. On a per fund deal basis, as in Mindful VC’s first fund, the firm targets 90% based in the United States and up to 10% elsewhere.
About Mindful VC Mindful VC is a Silicon Valley-based early-stage venture capital firm powered by Behavior Design that backs mindful entrepreneurs building the future through technology.
SOURCE Mindful Venture Capital
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ZUG, Svizzera, 23 ottobre 2024 — Validation Cloud, azienda leader nel settore dei dati Web3 e dell’IA, ha selezionato True Global Ventures come suo investitore principale, con un contributo di 10 milioni di dollari. L’azienda prevede di utilizzare i fondi per espandere il suo prodotto di intelligenza artificiale, offrendo un accesso fluido ai dati Web3 e consentendo esperienze utente senza pari agli ecosistemi e alle applicazioni di rete.
“Web3 ha bisogno di un accesso senza problemi ai dati per raggiungere un miliardo di utenti; Validation Cloud sta risolvendo questo ostacolo critico per l’adozione grazie a innovazioni tecnologiche nella sua piattaforma principale insieme all’intelligenza artificiale. Abbiamo visto servizi di staking e API di nodi, ma mai in combinazione con l’intelligenza artificiale. Questo è ciò che ci entusiasma di più dell’offerta di prodotti dati di Validation Cloud per le aziende di infrastrutture Web3″, ha affermato Beatrice Lion, CEO e General Partner di True Global Ventures.
La piattaforma di prodotti dell’azienda comprende tre componenti: staking, API dei nodi, dati e IA. Per quanto riguarda lo staking, Validation Cloud ha superato il valore di 1 miliardo di dollari di asset in staking, con una crescita del 400% su base annua. Inoltre, la sua Node API registra costantemente le migliori prestazioni globali, misurate da CompareNodes. Tra i clienti di Validation Cloud figurano Chainlink, Aptos, Consensys, Stellar e Hedera.
In particolare, la sua piattaforma di intelligenza artificiale semplifica e accelera l’esplorazione dei dati on-chain. Comprimendo i tempi di navigazione da ore a secondi, la piattaforma di Validation Cloud favorisce un maggiore coinvolgimento, con la conseguente creazione di una base di utenti più ampia e attiva. Questa innovazione rappresenta uno sviluppo decisivo nel rendere i dati blockchain più accessibili.
“Siamo entusiasti di collaborare con True Global Ventures vista la sua portata commerciale globale, l’attenzione all’intersezione tra Web3 e IA e il suo portafoglio sinergico. TGV presenta un profondo legame con la nostra missione e un valore aggiunto eccezionale che va oltre il suo capitale”, ha affermato Alex Nwaka, co-fondatore di Validation Cloud.
Validation Cloud è una delle aziende in più rapida crescita nel settore del Web3. Questo round di finanziamento segue la raccolta fondi della società avvenuta nel febbraio 2024, guidata da Cadenza Ventures con sede a San Francisco, con la partecipazione di Blockwall, Bloccelerate, Side Door Ventures, GS Futures, AP Capital, Blockchain Founders Fund e Metamatic.
Informazioni su Validation Cloud
Validation Cloud è un’azienda di dati e intelligenza artificiale Web3 con prodotti leader del settore in termini di staking, nodi e Data-as-a-Service. Validation Cloud è la scelta di riferimento delle principali reti, applicazioni e aziende in ambito Web3 che richiedono massime prestazioni, scalabilità e conformità SOC 2 Tipo 2.
Per richieste di informazioni da parte degli investitori, contattare: [email protected]
Informazioni su True Global Ventures, TGV
Il fondo TGV 4 Plus investe in aziende basate sull’intelligenza artificiale e sulla blockchain a livello globale. TGV sostiene imprenditori lungimiranti in settori quali l’IA, l’intrattenimento, le infrastrutture tecnologiche e i servizi finanziari nelle fasi iniziali e oltre la Serie B.
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UNIGRID Inc., a California-based startup that develops advanced sodium-ion batteries, announces that it has received an investment from LG Technology Ventures.
This investment is part of LG Technology Ventures’ dedication to creating value in promising startup companies and helping them develop strategic partnerships with LG Companies.
SAN DIEGO, Oct. 22, 2024 — LG Technology Ventures, has made an investment in UNIGRID Inc., a California-based startup that develops advanced sodium-ion batteries, placing a stake in the emerging sodium ion battery development space.
LG Technology Ventures’ investment in UNIGRID reflects a thorough technical evaluation, serving as an endorsement of the startup’s innovative sodium-ion battery technology. This support from one of the market leaders not only accelerates UNIGRID’s growth but also signals to the market the robustness and potential of their solutions.
Sodium-ion batteries are produced using abundant sodium-based materials. UNIGRID’s batteries do not contain lithium, nickel, cobalt, nor copper, offering a promising pathway to mitigating the supply chain risks of lithium-based batteries. Sodium-ion batteries are applicable for a versatile array of energy storage applications as they are less expensive, safer, and can operate over a wide temperature range.
Since its inception, UNIGRID has positioned itself as a sodium-ion innovator and a technology frontrunner, developing cells with energy densities that exceed lithium iron phosphate (LFP) batteries. Additionally, the sodium ion battery technology offers safety properties that are superior to conventional batteries.
UNIGRID is currently in the midst of ramping up production to meet immediate customer demands. This new financing will help the company accelerate its product commercialization and build upon existing industry partnerships to deploy its technology for new energy storage and e-mobility applications.
About UNIGRID Battery
UNIGRID Battery, a University of California, San Diego spin-off company, was founded in 2021 from the groundbreaking Ph.D. research work by Dr. Darren H. S. Tan and Dr. Erik A. Wu, who were both advised by Prof. Zheng Chen and Prof. Shirley Meng, prominent figures in the battery field. The company develops advanced sodium-ion batteries to power both emerging energy storage and electric mobility applications.
ZUG, Zwitserland, 23 oktober 2024 — Validation Cloud, het toonaangevende Web3-data en AI-bedrijf, heeft True Global Ventures geselecteerd als hoofdinvesteerder, met een bijdrage van 10 miljoen dollar. Het bedrijf is van plan de fondsen te gebruiken om zijn AI-product uit te breiden, om naadloze toegang tot Web3-data en ongeëvenaarde gebruikerservaringen met netwerkecosystemen en -toepassingen te leveren.
“Web3 heeft naadloze toegang tot data nodig om een miljard gebruikers te bereiken. Validation Cloud lost deze kritieke hindernis voor adoptie op met technologische doorbraken in zijn kernplatform naast AI. We hebben staking en node API-diensten gezien, maar nooit in combinatie met AI. Het is juist deze combinatie die wij zo spannend vinden in de dataproducten die Validation Cloud voor bedrijven met Web3-infrastructuur aanbiedt,” zegt Beatrice Lion, CEO & General Partner van True Global Ventures.
Het productplatform van het bedrijf bestaat uit drie componenten: staking, node API en data & AI. Op het gebied van staking heeft Validation Cloud meer dan 1 miljard dollar aan assets gestaked, met een groei van 400% op jaarbasis. Bovendien laat de Node API consistent de beste globale prestaties zien, gemeten door CompareNodes. Validation Cloud heeft onder meer als klanten Chainlink, Aptos, Consensys, Stellar en Hedera.
Vooral het AI-platform maakt het verkennen van gegevens op de keten eenvoudiger en sneller. Door navigatie te comprimeren van uren naar seconden, zorgt het platform van Validation Cloud voor een grotere betrokkenheid, waardooer het gebruikersbestand groter en actiever wordt. Deze innovatie maakt het verschil in het toegankelijker maken van blockchaingegevens.
“We zijn enthousiast om samen te werken met True Global Ventures vanwege zijn wereldwijde commerciële bereik, focus op het snijvlak van Web3 en AI, en zijn synergetische portfolio. TGV sluit nauw aan bij onze missie en heeft een uitzonderlijke toegevoegde waarde die verder gaat dan zijn kapitaal,” zegt Alex Nwaka, medeoprichter van Validation Cloud.
Validation Cloud is een van de snelst groeiende bedrijven in Web3. Deze financieringsronde volgt op de verhoging van het bedrijf in februari 2024, geleid door het in San Francisco gevestigde Cadenza Ventures, met deelname van Blockwall, Bloccelerate, Side Door Ventures, GS Futures, AP Capital, Blockchain Founders Fund en Metamatic.
Over Validation Cloud
Validation Cloud is een Web 3-data- en AI-bedrijf met toonaangevende producten op het gebied van staking, node en data-as-a-service. Validation Cloud wordt vertrouwd door de topnetwerken, -toepassingen en -ondernemingen in Web3 die de hoogste eisen stellen aan prestaties, schaalbaarheid en SOC2 type 2-compliance.
Voor investeerdersvragen kunt u contact opnemen met: [email protected]
Over True Global Ventures, TGV
TGV 4 Plus Fund investeert wereldwijd in AI- en blockchainbedrijven. TGV steunt visionaire ondernemers in sectoren zoals AI, entertainment, technologische infrastructuur en financiële diensten in vroege stadia en na de Serie B.
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ZUG, Switzerland, Oct. 23, 2024 — Validation Cloud, the leading Web3 data and AI company, has selected True Global Ventures as its lead investor, with a contribution of $10M. The company plans to use the funds to expand its AI product, bringing seamless access to Web3 data and enabling unparalleled user experiences to network ecosystems and applications.
“Web3 needs seamless access to data to reach a billion users; Validation Cloud is solving this critical hurdle to adoption through technological breakthroughs in its core platform alongside AI. We have seen staking and node API services, but never in combination with AI. This is what we are most excited about with Validation Cloud’s data product offering for Web3 infrastructure companies,” said Beatrice Lion, CEO & General Partner of True Global Ventures.
The company’s product platform consists of three components: staking, node API, and data & AI. In staking, Validation Cloud has exceeded more than $1 billion of assets staked, growing 400% year-over-year. Further, its Node API consistently demonstrates the best global performance, measured by CompareNodes. Some of Validation Cloud’s clients include Chainlink, Aptos, Consensys, Stellar, and Hedera.
Most notably, its AI platform makes on-chain data exploration easier and faster. By compressing navigation from hours to seconds, Validation Cloud’s platform drives greater engagement, resulting in a larger, more active user base. This innovation represents a distinctive step in making blockchain data more accessible.
“We are thrilled to partner with True Global Ventures due to their global commercial reach, focus on the intersection of Web3 and AI, and synergistic portfolio. TGV has a deep alignment with our mission and exceptional value-add beyond their capital,” said Alex Nwaka, Co-Founder of Validation Cloud.
Validation Cloud is one of the fastest-growing companies in Web3. This funding round follows the company’s raise in February 2024, led by San Francisco-based Cadenza Ventures, with participation from Blockwall, Bloccelerate, Side Door Ventures, GS Futures, AP Capital, Blockchain Founders Fund, and Metamatic.
About Validation Cloud
Validation Cloud is a Web3 data and AI company with industry-leading products in staking, node, and data-as-a-service. Validation Cloud is trusted by the top networks, applications, and enterprises in Web3 demanding #1 performance, scalability, and SOC2 Type 2 compliance.
TGV 4 Plus Fund invests in AI and blockchain-driven companies globally. TGV backs visionary entrepreneurs in sectors including AI, entertainment, technology infrastructure and financial services in early stages and beyond Series B.
SOURCE True Global Ventures
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Funding backs the development of an independent platform that sets new standards for data quality and transparency in first-party data exchange, tackling an urgent industry challenge
SALT LAKE CITY, Oct. 23, 2024 — Data Quality Co-op (DQC), the insights industry’s first independent clearinghouse for data quality measurement, today announced that it has received its first funding round of $1.25M USD. The funding was led by Kickstart Fund, joined by SaaS Venture Capital and Service Provider Capital, along with several influential individual investors from the consumer insights, technology, and finance sectors.
As the global first-party data market is projected to surpass $140 billion by 2025 (ESOMAR), the demand for transparency and trust has reached a critical point. Businesses are increasingly reliant on first-party data, yet face rising challenges of fraud, inconsistent quality, and a lack of transparency. DQC’s innovative platform directly addresses these issues, providing businesses with clear benchmarks and actionable insights so they can trust the data they rely on to make business decisions.
“Data Quality Co-Op is addressing a critical gap in the data-driven economy and setting a new standard for data integrity in this rapidly growing market,” said Tanner Potter, Partner at Kickstart Fund. “As businesses increasingly rely on first-party data for growth, transparency around data quality becomes essential. We believe DQC’s technology will enable companies to better trust the data powering their decisions.”
Inspired after trailblazing companies that improved large markets through increased transparency like Verisk Analytics for insurance and Integral Ad Science for digital ads, DQC’s platform aggregates data quality signals across multiple sources. By offering industry-wide norms and quality measurement, it allows businesses to compare their data quality with broader standards and take proactive measures against fraud.
As more data flows into the platform, the network effects enhance the accuracy, depth and comprehensiveness of its insights—delivering even greater value to all users. DQC’s early clients are already experiencing the benefits of these powerful features.
“We’re committed to addressing the industry transparency challenge head-on,” said Bob Fawson, CEO and Founder at Data Quality Co-Op. “This funding round enables us to accelerate platform development and pursue our goal of helping the sector fully realize the transformative potential of its data.”
The platform solves common challenges in the data ecosystem:
Many businesses struggle to fully understand the quality of their data. DQC creates powerful visualizations, shares industry norms, and offers unique insights to help users address quality issues up front.
The constant risk of fraud and inconsistent data undermines trust, impacting the reliability of data-driven recommendations. DQC provides real-time insights and alerts that empower users to make informed data purchasing decisions, manage fraud and assess quality risk.
Building trust is difficult without clear, verifiable data integrity. DQC audits and certifies quality management programs and outcomes, helping users differentiate themselves with trusted, high-quality data.
“Our platform strengthens the quality signals for everyone in the ecosystem of market research and adjacent industries. The way it works allows companies to not only measure their own data but also improve collaboration across the supply chain,” said Ian Haynes, Co-Founder of Data Quality Co-Op.
Established earlier this year, DQC has developed its platform in partnership with early clients who are committed to improving industry data quality. Its leadership and advisory team represent decades of experience working with the largest data suppliers and research companies in the world, with deep expertise in data quality, industry innovation and technology. Those interested in building the future of quality through an engagement with the new solution should email contact@dataqualityco-op.com.
About Data Quality Co-Op Data Quality Co-op (DQC) is an independent 1st-party data quality clearinghouse. We transform how buyers and suppliers of 1st-Party data measure, understand and manage the quality of their data. Our platform offers continuous quality measurement and real-time quality certification by aggregating, analyzing, and benchmarking data quality signals. Together with our clients, we are shaping the future of fast, reliable data-driven insights. Headquartered in Salt Lake City, Utah, our mission is to ensure each business decision, marketing campaign or AI model is driven by data that’s high-quality, high-value and perfectly suited for its purpose. For more information, visit www.dataqualityco-op.com.
About Kickstart Fund Kickstart Fund is a seed-stage venture capital firm. Kickstart’s mission is to fuel the best companies in the Mountain West by providing smart capital, a connected community, and expert guidance. Since raising its first fund in 2008, Kickstart has invested in more than 150 companies. For more information, visit www.kickstartfund.com.
SAN FRANCISCO, Oct. 23, 2024 — Sidero Labs, a leading software developer focused on providing innovative solutions to help lower the friction in managing Kubernetes and containerized applications, is thrilled to announce a $4.0 million investment round led by Hiro Capital with participation from Sony Innovation Fund. This funding round will help accelerate Sidero Labs’ vision of bringing out-of-the-box software solutions to manage bare metal and hybrid clusters – all while enabling the highest levels of security and integrity.
Sidero Labs was born out of real-life Kubernetes experience – and problems. The founders had been running production Kubernetes clusters for large enterprise companies, and found that many of the existing Linux distros required a lot of effort and frequent patching to ensure security.
Sidero was created to solve these operational challenges. The team’s first project was Talos Linux, a radically new immutable operating system built purely for Kubernetes. Talos Linux offers key benefits such as security, stability and efficiency, and improved performance capabilities, by minimizing functional surface area.
“Sidero Labs is at the forefront of transforming how Kubernetes is used and deployed, from home-labs to enterprise data centers to edge computing” said Luke Alvarez, Managing Partner at Hiro Capital. “Their fundamental suite of tools addresses important tech industry needs. They are a brilliant, fast moving, innovative team and we are excited to support their mission.”
“We are excited about the future of Kubernetes and are delighted to welcome Hiro Capital and Sony Innovation Fund as key partners,” said Steve Francis, CEO of Sidero Labs. “This investment marks a pivotal moment for us, allowing us to accelerate product development and scale awareness to meet the growing demands of companies looking for intuitive and powerful tools to deploy and manage Kubernetes.”
Sidero’s latest product, Omni, helps teams easily setup, deploy, and manage clusters anywhere. Omni allows users to start with bare metal, virtual machines or a cloud provider, and create clusters spanning all locations, or deploy single node clusters at remotely managed edge-sites, with a few clicks. Sidero Labs is trusted by leading companies across the world in a variety of industries such as video games (Ubisoft), healthcare (Roche), and telecommunications (Nokia).
Sidero’s products are known for their ease of use, as highlighted by customers like Ubisoft: “With just three developers, we built our API on top of Omni, and had the operational cluster up and running quickly. If we had not used Omni, it would have delayed our platform by a year,” Ubisoft shared.
Nokia also views Sidero Labs’ Talos Linux as an important part of their cloud strategy, stating that “Talos has become a foundation and building block for us. 98% of what we do today is Kubernetes-based, and Talos is an integral part of that stack. We’re building our cloud infrastructure using Talos.”
“We are thrilled to support Sidero Labs on their journey to improve how Kubernetes is deployed and managed across environments,” said Joseph Tou, Managing Director – U.S., Sony Ventures. “Their innovative approach to simplifying and supporting Kubernetes implementations addresses the complex challenges of modern infrastructure management. As industries like entertainment increasingly rely on cloud-based content distribution, Sidero’s solutions will enhance security, efficiency, and scalability for businesses.”
“The community and enterprise uptake of our declarative, API managed solutions that simplify Kubernetes has been great,” said Andrew Rynhard, Founder and CTO of Sidero Labs. “This investment from Hiro Capital and Sony Innovation Fund is a recognition of our advanced technology, and will allow us to execute faster to realize the vision of simple, secure distributed computing, anywhere, that can be run by anyone.”
About Sidero Labs Founded in 2019, Sidero Labs is an innovative software development company focused on building tools and infrastructure to improve the experience for companies seeking to adopt Kubernetes and containerized applications. Sidero Labs’ key products include Talos Linux (a minimal, immutable, and API-managed operating system designed specifically for running Kubernetes) and Omni (a SaaS platform for Kubernetes that simplifies deployment, management, and upgrades of Kubernetes clusters on bare metal, virtual machines, and cloud providers). Sidero’s products are trusted by hundreds of companies and help manage tens of thousands of clusters across the globe.
About Hiro Capital Hiro Capital is a London based Venture Capital firm which invests globally in Games, Digital Sports and Spatial Computing technologies. Hiro invests at Seed through Series A and B stages. We back experienced entrepreneurial teams, building innovative technologies and content with a strongly differentiated proposition and with the scaling opportunity to become very large. We are entrepreneurs who back entrepreneurs. We believe that Games, Sports and Spatial technologies will be at the heart of next generation human societies. We invest in the innovators who are building that future. https://hiro.capital/
About Sony Ventures Corporation Sony Ventures Corporation manages the Sony Innovation Fund (SIF), which invests in all stages of emerging technology companies, as well as in startups solving global environmental challenges. SIF engages with pioneering startups to help fuel the development of disruptive technologies, launch new businesses, and contribute to the environment while seeking return on investment. Sony Ventures Corporation is headquartered in Japan. Learn more at www.sonyinnovationfund.com.
SOURCE Sidero Labs
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Series C led by Lightspeed Venture Partners and Ascenta Capital with participation from top-tier new investor syndicate and existing investors
Funding will advance distinctive pipeline of targeted radiopharmaceuticals through clinical studies across multiple tumors with high unmet patient need
Growing portfolio will be supported by continued investment in discovery capabilities and expansion of manufacturing and isotope supply partnerships
BOSTON and VANCOUVER, BC, Oct. 23, 2024 — Alpha-9 Oncology Inc. (Alpha-9 or the Company), a clinical stage company developing radiopharmaceuticals to meaningfully improve the treatment of people living with cancer, today announced an oversubscribed $175 million Series C financing to support the progression of its pipeline. The financing was led by Lightspeed Venture Partners and Ascenta Capital. A selected syndicate of new investors – General Catalyst, a16z Bio + Health, RA Capital Management, Janus Henderson Investors, Delos Capital, Digitalis Ventures, Lumira Ventures and a healthcare fund managed by abrdn Inc. – joined the round, in addition to existing investors Frazier Life Sciences, Longitude Capital, Nextech Invest, BVF Partners LP, and Samsara BioCapital. Shelley Chu, head of Lightspeed Venture Partners’ healthcare team and Evan Rachlin, cofounder and managing partner of Ascenta Capital will join the Company’s Board of Directors.
Alpha-9 has built a diversified portfolio of clinical and discovery assets across both validated and novel targets. The Series C will fund human studies for the clinical stage assets and advancement of discovery stage assets to clinic-ready development candidates. Furthermore, the Series C will fund expanded R&D capabilities and continued investment in CMC and supply chain.
“Over the last few years, Alpha-9 has built a leading radiopharmaceutical company with a deep pipeline and robust infrastructure,” said Alpha-9 CEO, David Hirsch, MD, PhD. “The Series C is an exciting, significant milestone for us and will greatly accelerate our growth. We are thrilled to have the backing of a top-tier investor syndicate who share our belief in the potential of radiopharmaceuticals.”
“Alpha-9 is developing a differentiated portfolio that includes multiple radiopharmaceuticals with first-in-class and best-in-class potential,” said Shelley Chu, head of Lightspeed Venture Partners’ healthcare team. “We are impressed with the team’s progress to date and are proud to support the advancement of these programs.”
Alpha-9’s approach to designing bespoke molecules is systematic and data-driven. The Company has a differentiated toolbox of binders, linkers, chelators and radioisotopes – elements that each play an integral role in radiopharmaceutical development. Alpha-9 designs each component of the radiopharmaceutical for optimal selectivity, stability and payload delivery. The Alpha-9 approach is rigorous, fast and capital efficient, generating best-in-class compounds for rapid clinical development.
“We have been following this space for a long time. What differentiated Alpha-9 was its effective approach to molecule design as well as its thoughtful strategy on infrastructure expansion,” said Evan Rachlin, MD, managing partner of Ascenta Capital. “We are pleased to support the Company’s continued progress as it strives to deliver on the promise of radiopharmaceuticals.”
To support its endeavors, Alpha-9 has purpose-built research facilities in Vancouver, which were completed last year and have been operating at scale. These facilities help to accelerate drug development by streamlining discovery processes. Alpha-9 has also partnered with isotope suppliers and CDMOs to support its ongoing clinical trials. Alpha-9’s commitment to continue building robust infrastructure and world class capabilities underscores the company’s mission to provide effective treatments for patients worldwide.
About Alpha-9 Oncology
Alpha-9 Oncology Inc. is a clinical stage radiopharmaceutical company developing differentiated and highly targeted radiopharmaceuticals with the potential to meaningfully improve the treatment of people living with cancer. Applying proprietary technologies and deep foundational expertise, Alpha-9 is on the forefront of engineering bespoke radiopharmaceuticals that are optimized to selectively deliver radiation to tumor sites while minimizing off-target effects. Alpha-9 is advancing a robust pipeline of novel radiopharmaceuticals with a systematic approach to molecule design that offers broad potential for expansion into several validated oncology targets. For more information, please visit www.a9oncology.com.
About Lightspeed Venture Partners
Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Healthcare, Consumer and Fintech sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally including biotechnology companies such as Abata, Ancora, Diagonal, Enlaza, Forty Seven, Personalis, Pheon, Teneobio, Triana, Scorpion, Seismic, Ultima Genomics, Xaira, ZagBio, and more. Lightspeed and its global team currently manage $25B in AUM across the Lightspeed platform, with investment professionals and advisors in the U.S., Europe, India, Israel, and Southeast Asia. For more information, please visit www.lsvp.com.
About Ascenta Capital
Ascenta Capital is a biotech venture fund, co-founded in 2023 by Dr. Evan Rachlin and Dr. Lorence Kim. The fund is focused on a concentrated portfolio of investments in multi-product companies. For more information about Ascenta Capital, visit www.ascentacap.com.
Notice Regarding Forward-Looking Statements:
This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). The words “may”, “will”, “potential”, “believes” and “if” are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause actual results, future circumstances, or events to differ materially from those projected in the forward-looking statements. These risks include but are not limited to: those associated with the success of research and development programs, the ability to raise additional funding, and the need to obtain regulatory approval. Forward-looking statements are made as of the date hereof and Alpha-9 disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
SOURCE Alpha-9 Oncology, Inc.
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Investment to scale-up infrastructure and fuel R&D to democratize access to scalable AI solutions
MUMBAI, India, Oct. 23, 2024 — Neysa, a pioneering AI Acceleration Cloud System provider, today announced it has raised $30 million in Series A funding. The round was co-led by existing investors NTTVC, Z47 (fka Matrix Partners India) and Nexus Venture Partners. This investment builds on Neysa’s successful $20 million seed round earlier this year, underscoring strong investor confidence in the company’s mission to accelerate Gen AI innovation, for Indian enterprises and public sector.
Sharad Sanghi, CEO and Co-founder, Neysa (PRNewsfoto/Neysa)
Since the seed funding round, Neysa has made significant strides in advancing its technology and market presence. The company’s flagship platform, Neysa Velocis, launched in July 2024, which enables on-demand access to high-performance computing infrastructure, is now generally available. Neysa has secured orders from paying customers across various sectors, including AI-first digital natives, media and entertainment companies, service providers, software vendors, and the public sector.
“This investment brings us closer to our vision of democratizing access to Gen AI and AI solutions for organizations across the world,” said Sharad Sanghi, Co-Founder and CEO of Neysa. “We’re thrilled with the progress we’ve made since our seed round. The general availability of Neysa Velocis and the onboarding of customers across key sectors validate our approach. By offering purpose-built, cost-effective AI-native solutions, we empower organizations to innovate confidently in a world that is being reshaped by AI.”
“We are excited to co-lead the Series A round and deepen our partnership with Neysa,” said Vab Goel, Founding Partner at NTTVC and Board Member of NTT DATA, Inc. “The team’s innovation and commitment to accelerating Gen AI solutions are creating a significant impact in the region’s tech ecosystem. We have seen firsthand how Sharad built India’s largest datacenter company from inception. His experience and track record are a critical differentiator in building and scaling the next-generation Gen AI cloud provider.”
Avnish Bajaj,Founder and Managing Director,Z47 added, “Sharad, Andy and Neysa team’s remarkable progress in a short period of time has been inspiring. Neysa finds itself in the enviable position of having more demand than any other company, I have seen at a similar stage and is a catalyst for digital transformation not just an AI provider. We’re privileged to support the company’s journey in empowering organizations to harness the full potential of AI with their world class AI technology platform and capabilities.”
Jishnu Bhattacharjee, Managing Director, Nexus Venture Partners noted, “By building out AI-native compute infrastructure and making that easily and securely accessible, Neysa is accelerating the adoption of Generative AI by the enterprises. We are thrilled to double-down on our partnership with Sharad, Andy and team, in their journey of building one of the most advanced AI clouds out of India for the world.”
Neysa is strengthening collaborations with global system integrators, cloud service providers, and AI-focused software providers. These alliances will help advance its mission to democratize AI and bridge the digital divide. Through participation in government initiatives and industry collaborations, Neysa is shaping public discourse on AI adoption and innovation.
About Neysa
Neysa, an AI Acceleration Cloud System provider, democratizes AI adoption with purpose-built platforms and services for AI-native applications and workloads. Co-founded by industry leaders, Neysa empowers businesses to discover, deploy, and scale Gen AI and AI use cases securely and cost-effectively.
Their flagship platforms, Neysa Velocis, Neysa Overwatch, and Neysa Aegis, accelerate AI deployment, optimize network performance, and safeguard AI/ML landscapes. Neysa is committed to enabling AI-led innovation across industries and geographies.
