BURLINGAME, Calif., Nov. 15, 2024 — In 2022, AidQuest transformed the home care industry with a seemingly simple solution: a 12-line JavaScript code. This innovation has propelled nearly 1,000 agencies toward unprecedented growth, turning their websites from mere information displays into dynamic platforms that actively engage visitors and convert them into leads.
The home care sector spends millions on SEO and paid advertising to drive traffic to their websites. However, the industry faces a significant challenge: high bounce rates. On average, visitors spend less than 20 seconds on a site before leaving, often overwhelmed by the plethora of options provided by search engines like Google. This constant back-and-forth not only inflates advertising costs but also benefits search engines at the expense of agency owners.
AidQuest’s human live chat platform is changing the game. By introducing real-time, human-led conversations, the platform ensures that visitors are immediately engaged, reducing bounce rates and increasing conversion opportunities. Results speak volumes: one national brand garnered over 7,000 client leads and 14,000 caregiver applicants, boosting their revenue by $4 million in just 12 months. Similarly, a local agency reported 110 new client leads and a $300k revenue increase, alongside 120 caregiver applicants, significantly enhancing their staffing quality.
“In the year since we started working with AidQuest the number of leads we have received from our websites has more than doubled. AidQuest human chat has become an integral part of our digital strategy,” says Peter Ross, CEO & Co-Founder of Senior Helpers (www.seniorhelpers.com).
Kamran Nasser, Founder of AidQuest, emphasizes the urgency of engagement: “You have only about 20 seconds to capture your visitor’s attention. Without human interaction, 90% leave without taking any action.” Greg McCarthy, Chief Growth Officer, adds, “Our HIPAA-compliant, one-on-one conversations filter through the noise, identifying genuine inquiries and converting them into qualified leads tailored to agency-specific criteria.”
The home care industry is poised for significant growth, driven by the aging baby boomer generation — a demographic that is expected to represent 20% of the U.S. population by 2030. As this population ages, the demand for in-home care services is rapidly increasing, creating both challenges and opportunities in this sector. AidQuest’s innovative solutions are timely, helping agencies meet this surging demand by optimizing their digital platforms to engage effectively with families seeking reliable and compassionate care for their loved ones.
About AidQuest®: Founded by former home care agency owners, AidQuest® offers a unique, human-powered 24/7 Live-Chat platform (www.aidquest.com) by merging top-tier technology with personal human touch. AidQuest’s solutions empower home care agencies to provide more efficient, faster and better care to more people.
SEATTLE, Nov. 14, 2024 — TestSprite, pioneering AI-powered autonomous software testing, today announced the close of a $1.5 million pre-seed round, bringing the total funding amount raised to $1.7 million. Investors included Techstars, Jinqiu Capital, MiraclePlus, Hat-trick Capital, EdgeCase Capital Partners, and angel investor Rafael Barroso. Additional investment came from the founding team. Funds will accelerate product development, expand the team, and scale operations to meet growing demand.
Funding comes on the heels of TestSprite introducing an early access beta program for its forthcoming end-to-end QA tool, which fully automates testing across back-end and front-end systems. TestSprite’s autonomous testing tool aims to free individual developers and resource-constrained teams from traditional software QA and AI co-pilot testing tools that still require time-consuming steps or manual intervention.
The global automation testing market is expanding rapidly, with Polaris Research projecting the AI coding tools market to reach $27 billion by 2032. And, as AI-generated code becomes increasingly prevalent, developers face growing challenges in testing and validating complex code they didn’t write. Current AI co-pilot tools still produce bugs while leaving critical gaps in testing and debugging. TestSprite’s tool addresses this directly, delivering comprehensive validation without manual inspection, accelerating development cycles 10x faster.
“Automated testing is becoming more crucial as AI-assisted software development rapidly becomes the de-facto way of building software in a market that is pushing for faster, more efficient software delivery from software engineers. We believe the Testsprite team and product is poised to become the leader in this new market shift,” said Andres Barreto, Managing Director at Techstars.
Yunhao Jiao, co-founder and CEO of TestSprite stated, “With this funding, we’re excited to ready our autonomous testing tool. As AI-generated code becomes more complex, our vision is to let AI test AI, allowing developers to focus on innovation while maintaining software quality. We’re grateful for our investors’ support and look forward to scaling to meet market demands.”
Sign Up for Early Access The company is offering a free community version for developers to test drive its fully autonomous software testing tool. Due to demand, priority access will be given to developers willing to share feedback and help refine TestSprite’s testing tool.
About TestSprite Based in Seattle, Washington, privately-held TestSprite is pioneering the industry’s first AI-powered software testing agent, especially for those using GenAI coding. Its mission is to simplify software testing for resource-limited dev teams worldwide. TestSprite accelerates end-to-end software dev cycles by eliminating manual testing, delivering speed improvements of up to ten times. The company’s innovative tool leverages advanced AI and machine learning to deliver comprehensive test coverage with minimal developer input, significantly improving confidence in software releases.
Press Contact: Carmen Hughes Ignite X [email protected] 650.576.6444
SOURCE TestSprite
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Backed by True Ventures, Team-GPT enables teams to leverage AI in a collaborative workspace and propel internal use of AI in data-secure way.
SOFIA, Bulgaria, Nov. 14, 2024 — Bulgarian startup Team-GPT has amassed a user base of 45,000+ for its AI-driven collaborative workspace for the enterprise. Salesforce, MRO, and Johns Hopkins University are among the large-scale organizations using Team-GPT. The startup recently secured a $4.5 million seed round led by Silicon Valley venture capital firm True Ventures with participation from Pact and angel investors, including ex-OpenAI employees.
Team-GPT founders (from left to right): Yavor Belakov, Katya Vaptsarova, Iliya Valchanov, Maria Valchanova, Ilko Kacharov.
Many companies are unsure how to integrate generative artificial intelligence (GenAI) effectively in their workflows. The challenges are manifold, from identifying relevant AI use cases and collaborating on them, through managing AI models from major players like OpenAI, Anthropic, and Meta, to making sure the data remains safe through compliance standards like SOC-2 and ISO 27001.
Team-GPT allows users within enterprises to interact with any AI model, organize prompts, and discover actionable AI use cases. This facilitates an easy integration of AI into business processes, empowering companies to decrease hiring needs and dramatically enhance productivity.
“For decades, communicating with AI was a complicated task reserved for scientists. GPT changed the game and allowed anyone to take advantage of AI, by simply chatting,” said Iliya Valchanov, co-founder and CEO of Team-GPT. “While chat is simple to understand, it’s rather limiting. When working with files, editing text, or automating workflows, instead of chat, we need novel AI-first experiences, the likes of which we offer in Team-GPT. Moreover, to truly adopt AI, enterprises will require a great deal of education and change management – something we’ve dealt with as a team when cloud and data science platforms started to emerge.”
Valchanov is a renowned AI instructor, having educated 1,400,000+ working professionals globally. He founded the company alongside co-founders Ilko Kacharov, Yavor Belakov, Katya Vaptsarova, and Maria Valchanova. Together, they are on a mission to help enterprises uncover practical AI applications for their unique needs.
“Knowledge workers are using generative AI to improve their work,” said Mike Montano, investor at True Ventures. “Pair that with enterprise concerns about data protection and it makes for a real challenge in adopting tools across teams. Team-GPT brings all of that silo-ed work into a workspace that will become a new home for AI-driven collaboration. We’re excited to see this come to life, get to invest and support the team’s journey.”
In addition to large enterprise organizations like Salesforce, the impact of Team-GPT has been widely recognized by leaders across myriad industries.
“Team-GPT supports our entire value chain—from strategy development and conceptualization to content creation. We’ve seen 60% productivity increase anywhere that content generation is required” shared Michael Frank, CEO of Die Crew.
“We’ve accelerated our deal closure time by 35% using Team-GPT. It’s like having a team of expert analysts working 24/7 to accelerate our operations.” shared Jeko Kolev, CEO of Nextoria.
In an era where GenAI technologies like ChatGPT and Claude are set to revolutionize industries, the potential for superhuman productivity is unprecedented.
About Team-GPT
Team-GPT is an enterprise AI software where teams of nontechnical users can collaborate. The platform includes: a shared chat interface, an agent workflow builder, file management systems, and a word processor with embedded AI. Learn how Team-GPT’s AI toolbox can help your team work better together and discover the use cases that can be solved by AI at team-gpt.com.
With Series A funding, Vaulted, already delivering CDR at the fastest rate across the industry, will develop additional injection well sites to deliver more CDR at an increasing pace.
HOUSTON, Nov. 14, 2024 — Vaulted Deep (“Vaulted”), a biomass carbon removal and storage (BiCRS) company specializing in durable carbon dioxide removal (CDR), announced today that it has raised $32.3 million in Series A funding. The round was led by new investor Prelude Ventures and returning investors with super pro rata participation including from Lowercarbon Capital, Earthshot Ventures, and WovenEarth Ventures. Additional new investors include Fall Line Capital and Rethink Impact.
Vaulted Deep
“This funding comes on the heels of Vaulted’s first full year of successful operations and will allow the company to expand carbon dioxide removal capacity, including adding new deep injection well sites in the coming years. Vaulted Deep’s rapid progress from seed funding to Series A, from concept to high-volume delivery, demonstrates the immense potential of its approach,” said Matt Eggers, Managing Partner at Prelude Ventures. “We believe Vaulted’s technology can lead the way to durable carbon removal at a meaningful scale, and we are excited to support their mission to deliver real, lasting climate solutions.”
As a spinoff from an established waste disposal company, Vaulted launched in late 2023 with existing, permitted well infrastructure and an experienced team. This has allowed the company to deliver CDR quickly and safely using mature, proven injection technology.
Vaulted has already issued more than 7,000 tonnes of CDR, achieving the industry’s fastest and highest rate of deliveries in the first year of operations for durable CDR (source: CDR.fyi). In May 2024, Frontier announced that it had facilitated a $58.3 million offtake agreement with Vaulted Deep to permanently remove 152,480 tonnes of CO₂ between 2024 and 2027. Currently, Vaulted is now generating CDR at a rate of over 1,500 per month. With this additional funding, Vaulted will begin to move forward on its next U.S. facility, Monarch Fields.
“Rapid scalable deliveries are essential to helping the CDR industry grow in a sustainable and impactful way,” said Julia Reichelstein, Co-Founder and CEO of Vaulted Deep. “By leveraging our legacy assets and expertise, our vision has always been to lead the charge on speed and scale. With this next round of funding, Vaulted will supercharge on both fronts by developing new wells for more CDR removal —and delivering more tonnes, faster, to meet rising industry demand.”
“The magnitude and pace of Vaulted’s durable carbon removal deliveries stem from decades of experience perfecting our technology in industrial waste management,” said Vaulted Co-founder and Executive Chairman Omar Abou Sayed. “Our successful Series A accelerates our ability to open new sites across multiple geographies, including our new facility Monarch Fields, leveraging our proven technology to fill customer demand while delivering benefits beyond carbon removal to our customers and the communities we serve.”
Vaulted’s approach starts with vegetation naturally drawing down CO₂ from the atmosphere via photosynthesis. Much of that ends up as carbon-rich waste in the form of biosolids, manure, food or agricultural waste that is incinerated, landfilled, or spread on land. As that waste burns or decomposes, the once-captured CO₂ is released back into the atmosphere. Vaulted prevents that from happening by turning that waste into a carbon-rich slurry and then injecting it into deep disposal wells for permanent geologic storage. By processing a range of often pathogenic and contaminated organic wastes, Vaulted’s CDR provides substantial co-benefits that include eliminating methane emissions (which Vaulted does not include in its credit accounting), reducing water-borne illnesses, and preventing serious water and agricultural soil pollution. By using natural processes to capture CO₂ via biomass, Vaulted’s technology bypasses costly carbon capture infrastructure, delivering rapid, permanent CDR without compromising scalability.
About Vaulted Deep
Vaulted Deep is a biomass carbon removal and storage (BiCRS) carbon removal company, geologically sequestering organic wastes deep into the subsurface. Vaulted Deep’s mission is to urgently combat climate change by permanently removing carbon from the atmosphere, while avoiding methane and protecting local land, air, and water. Vaulted Deep spun off of Advantek Waste Management Services, and is backed by Prelude Ventures, Lowercarbon Capital, Earthshot Ventures, WovenEarth Ventures, Fall Line Capital, Rethink Impact and others. To learn more, go to www.vaulteddeep.com.
About Prelude Ventures
Prelude Ventures is a climate-focused venture capital firm that invests in and supports early-stage startups with the greatest potential to mitigate climate change. For over a decade, Prelude Ventures has sought out purpose-driven founders and provided the capital and expertise needed to build the next generation of category-defining businesses that will reshape our global economy for the greater good of people and the planet. Located in San Francisco, Prelude Ventures has approximately $2 billion under management.
SOURCE Vaulted Deep
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Essential guide for entrepreneurs and investors to navigate the unique world of robotics startups will be available online
BOSTON, Nov. 14, 2024 — Cybernetix Ventures, a venture capital firm leading the way for investments into early-stage robotics, automation, and industrial AI, today announced the release of The Robotics Startup Playbook, an online guide for navigating the unique challenges of building and scaling robotics ventures. The Playbook leverages the Cybernetix team’s combined 50 years of past and ongoing experience and a forward-looking vision to create a guide for founders, investors and ecosystem leaders in robotics. With insights into critical topics—like choosing vertical markets and use cases, product scoping and development to balance hardware with scalable software, and models to maximize revenue—it allows founders, investors and leaders to make informed decisions in a rapidly accelerating industry that is poised for explosive growth.
(L to R): Fady Saad, Founder and Managing Partner and Mark Martin, Co-founder and General Partner, Cybernetix Ventures.
The Robotics Startup Playbook currently contains six chapters that will be released throughout the coming months. It is for entrepreneurs, investors and ecosystem leaders who see the powerful mega-trends of robotics, industrial AI, and automation, and who want to learn the key success factors and common challenges of building, scaling and investing in these areas.
“Whether you’re an investor looking to understand the unique dynamics of robotics as a unique investment class, or an entrepreneur aiming to build and scale a disruptive robotics company, this playbook is for you,” said Fady Saad, Founder & Managing Partner, Cybernetix Ventures. “It’s designed to provide actionable insights, highlight common pitfalls, and guide industry leaders in shaping the future of robotics.”
Founded in 2021, Cybernetix Ventures supports the most promising robotics founders and startups by partnering with robotics clusters worldwide to elevate these companies to a global stage, connecting them with a diverse ecosystem of potential customers, later-stage investors, financial institutions, and acquirers.
“There are a lot of misconceptions about robotics. It’s no longer such a capital-intensive endeavor and the paths to revenues and scaling can be much faster than in the past. But, the funding profile can be different as compared to SaaS investing. It’s quite typical to see an additional seed round or additional Series A round to get to revenue acceleration and P&L that a growth stage investor wants to see,” commented Mark Martin, Co-founder & General Partner, Cybernetix Ventures. “The reward with good robotics startups is very sticky businesses with high value deployed hardware that can be combined with additional revenue streams from data, value-added software, services, and consumables. So, while robotics requires a shift in mindset for investors, those who understand the long-term value stand to benefit significantly.”
About Cybernetix Ventures
Cybernetix Ventures is a unique venture capital firm leading the way for investments into early-stage robotics, automation, and industrial AI startups. Headquartered in Boston, Cybernetix connects its portfolio to national and global robotics ecosystems, bringing unparalleled expertise to companies poised to make major impacts in large, essential sectors – manufacturing, logistics, construction, healthcare, climate and agriculture. The firm’s portfolio includes companies across North America and Europe. Cybernetix is committed to delivering on three pillars of value: exceptional support for founders, phenomenal returns to LPs, and impactful ecosystem leadership for robotics communities. Cybernetix is led by Fady Saad and Mark Martin, who have decades of robotics technologies, operations and investing experience. The firm pioneered Robotics Invest, an annual summit where top founders, investors, and business leaders in robotics come together to build the next wave of robotics unicorns.
SOURCE Cybernetix Ventures
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Miami-based and Latina-founded Influur sees record growth in 2024 with 83% spike in active influencers on its platform and 200% growth in brand spend on influencer-powered campaigns
MIAMI, Nov. 14, 2024 — Today, Influur, the leading professional networking platform for influencers founded by visionary Latinas – Alessandra Angelini, Valeria Angelini, Paula Coleman, and Fefi Oliveira – announced the successful closing of its $10 million Series A, led by Point72 Ventures and HTwenty Capital. The funding highlights Influur’s hypergrowth, including an 83% increase in its verified influencer base and a 200% rise in brand spend across the US and Latin America. The company now has over 30K active influencers and 5,000 brands on its platform across 11 countries.
Influur’s founding team (L to R): Paula Coleman, Valeria Angelini, Alessandra Angelini, and Fefi Oliveira (PRNewsfoto/Influur)
Influur has built the most comprehensive platform for the creator economy that goes beyond traditional influencer marketing. It is a vibrant global community that empowers influencers to monetize their talent, expand their reach, and grow their businesses. It streamlines connections between brands and influencers, allowing them to build meaningful relationships and impactful campaigns together. And unlike platforms that rely on scraping data, Influur ensures all its influencers are verified and registered, making it a trusted platform for both the creator community and brands.
“Influur is a connected community where influencers ‘find home’—gaining access to brand opportunities and resources to thrive,” said Alessandra Angelini, co-founder and CEO of Influur. “This funding will help us enhance our platform, enabling influencers to grow their businesses and connect with brands more effectively.”
As part of today’s announcement, Influur is introducing an industry-first AI feature to help brands plan the right influencer campaigns and predict its impact; a new Premium Subscription for influencers with advanced analytics, AI-powered media kit creation, and access to exclusive campaigns and events; as well as a suite of fintech tools designed to manage earnings, payouts, and financial insights – positioning the platform to be the future bank for influencers.
Miami-based Influur has quickly become a leader in the influencer space, driven by its adoption by top influencers like Lele Pons and Twan Kuyper; global brand customers including Meta, Warner Music Group, Paramount, Netflix, UberEats, Hard Rock Cafe, MasterCard, and TikTok; and investment from key figures from the music and entertainment industries, including Colombian actress Sofia Vergara, singer and actress Thalía, entertainment executive Luis Balaguer, and Latin World Entertainment. Additional investors include Magma Partners, Daedalus, IGNIA, Redwood, Vamos Ventures, Amplifica Capital, and Daniel Gutenberg.
“We are drawn to bold ideas and commitment to innovation, and Influur embodies both,” said Ishan Sinha, Partner at Point72 Ventures. “These four entrepreneurs have impressed us with their vision to empower creators by placing their values and resources at the forefront. We are confident in the team’s ability to execute and drive meaningful change in this rapidly evolving industry, and we look forward to being part of their journey.”
Leveraging AI for Unprecedented Foresight and Efficiency Influur is developing an AI-powered recommendation system that will be integrated directly into Pulse, its desktop application. It will be engineered to recommend the strategy of a campaign as well as predict the investment and impact of influencer marketing campaigns within moments, offering unprecedented foresight and budget efficiency. It will be the only recommendation system of its kind available in the market, positioning Influur at the forefront of innovation in influencer marketing and brand campaigns.
“Our AI recommendation engine is a game-changer,” added Valeria Angelini, CPO of Influur. “By harnessing AI, we’re enabling brands and influencers to make smarter, data-driven decisions faster than ever before.”
Influur Premium Supercharges Influencer Careers Influur Premium is a new subscription that provides unique professional tools designed to supercharge their careers. Included in this subscription is access to:
Automated Media Kit Creation: Generate a professional media kit in seconds, complete with live social media analytics and a portfolio of past collaborations. This time-saving tool helps influencers put their best work forward every time a brand asks for a portfolio and eliminates the manual creation process.
Access to Exclusive Premium Campaigns: Premium members unlock campaigns available only to them, catered by top-tiered brands. It’s a win:win – brands have access to top-tiered professional creators while influencers get access to experiences and networking opportunities developed specifically for them.
Exclusive Experiences: Exclusive experiences provide influencers with invaluable exposure to other industry professionals, in a fun environment with esteemed partners based in Miami, including top yoga studios, premier padel clubs, and renowned restaurants.
Advanced Analytics Tools: Influencers can now leverage daily insights into social media performance with their sophisticated analytics suite, enabling them to stay ahead of trends and optimize their strategies.
“I’ve worked with brands around the world and no one has paid me as fast as Influur. This app stands out from any other influencer platform I’ve used,” shared Lele Pons. “The community is exceptional, and the app’s features, especially the Wallet payment system, make getting paid quick and easy. It’s inspiring to work with a company founded by four incredible Latinas. With Influur Premium, I’ve enjoyed exclusive opportunities like Formula 1 and Copa America.”
“At Rum Flor de Caña, we’re thrilled to partner with Influur to craft innovative influencer marketing campaigns that resonate with cultural moments, making a meaningful impact and connecting with our communities in fresh, exciting ways.”
For more information about Influur, or to sign up as an influencer or brand, visit www.influur.com.
About Influur Influur is the leading platform and community empowering the creator industry by helping influencers monetize their talents and build successful careers. The company was founded by four visionary Latinas, each from an entrepreneurial background with experience across media, marketing, fashion, content creation, and technology. Since 2021, 30K influencers have joined the Influur community, using the platform and its tools to connect with 5,000+ brands, build new partnerships, seamlessly manage their business and payouts, and expand their reach and influence.
Ismat Duckson Aziz, Chief Administrative Officer at Kemper Corporation, Joins the Board
CHICAGO, Nov. 14, 2024 — Homethrive, the leading provider of technology-enabled caregiving solutions, today announced the successful close of its latest funding round, raising over $20 million and appointing Ismat Duckson Aziz to its Board of Directors. TELUS Global Ventures and 7Wire Ventures led the funding round, with participation from Pitango HealthTech, Human Capital, Outcomes Collective Growth Capital, Allianz, The K Fund, and other family offices. Homethrive has grown by 4x since its last funding round in 2022, fueled by the increasing demand for comprehensive caregiving solutions among employers and health plans.
Homethrive will use the capital to expand its end-to-end caregiving platform, focusing on personalized caregiving support and scaling its AI-driven care navigation and recommendations. This funding will also allow Homethrive to bolster its offerings for various payer populations and enhance its digital tools to further increase engagement.
“Over the past six years, we’ve built a platform that addresses one of the fastest-growing challenges in healthcare,” said Dave Jacobs, co-founder and Co-CEO of Homethrive. “We’re seeing tremendous momentum in the caregiving space, as more HR leaders and insurance plans prioritize caregiving support for their employees and members. Our platform delivers scalable solutions to the wide range of problems caregivers face today.”
A major factor in Homethrive’s growth is its ability to serve organizations with an industry-leading 8.4% utilization rate—a testament to the platform’s effectiveness. David Greenberg, co-founder and Co-CEO, noted, “We know caregiving doesn’t just happen from 9 to 5. That’s why we’ve invested heavily in enhancing our digital platform, which now provides AI-powered care navigation and guidance, while offering a seamless end-to-end offering, giving caregivers the support they need anytime, anywhere.”
By supporting working caregivers around the clock, Homethrive helps employers reduce turnover by 80%, saves working caregivers an average of 16.4+ hours per month, and has shown a 17% increase in plan retention on the payor side. This not only enhances caregiver productivity and well-being but also creates significant savings for employers by reducing burnout and improving employee retention.
“We’ve been impressed by the significant traction Homethrive has achieved,” said Terry Doyle, Managing Partner at TELUS Global Ventures. “Their unique platform is empowering caregivers, providing them much-needed support, and allowing their loved ones to age in place while adding value to employers and payers alike. We’re excited to invest in Homethrive to accelerate their growth and establish their presence in Canada.”
Ismat Duckson Aziz named to board of directors
Homethrive also announced the addition of Ismat Duckson Aziz to its board of directors. Aziz, the Chief Administrative Officer, and former Chief Human Resources Officer, at Kemper Corporation, brings over 25 years of human capital strategy experience, having also held senior roles at US Bank and Sprint. Her leadership and expertise will be key in driving Homethrive’s mission forward. “Ismat’s deep experience will be invaluable as we continue to scale our solutions,” said Greenberg.
With significant momentum in the caregiving space, strong investor backing, and the addition of Ismat Duckson Aziz to its board, Homethrive is well-positioned to continue leading the transformation of caregiving, providing much-needed support to families, employees, and employers alike.
About Homethrive
Homethrive is transforming the way we care by offering working caregivers the support they need and deserve to balance work, life, and caregiving responsibilities. Through their high-touch/high-tech platform, caregivers can access 24/7 on-demand resources and live, one-on-one support from their team of expert Care Guides, social work professionals with years of caregiving experience. This highly personalized approach improves outcomes, lowers costs, and saves valuable time. Homethrive is available nationally and offered primarily as an employee benefit through employers and through select health plans.
SOURCE Homethrive
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UNION, N.J. and RIYADH, Kingdom of Saudi Arabia, Nov. 14, 2024 — Black Buffalo 3D and AM Unique–by Namthaja–have partnered to develop concrete projects in the middle east and execute them using 3D printing technology. Black Buffalo 3D (BB3D) will add its concrete 3D printers (NEXCON) to AM Unique’s fleet, while AM Unique will leverage its expertise in design and 3D printing residential, commercial, and industrial structures as an efficient alternative to traditional building methods.
Mr. Jourdan Younis, Senior Advisor Presidio Invest-Black Buffalo 3D MENA Region Partner-and Mr. Yousef Alsughayir-CEO of AM Unique and Co-Founder of Namthaja-signing MOU documents for collaboration for using Black Buffalo 3D construction technology-printers, materials, and processes-for projects in the Kingdom of Saudi Arabia.
Black Buffalo 3D’s NEXCON gantry 3D construction printer and a print showing the ability to build unique structural shapes on demand.
“Black Buffalo 3D works diligently to partner with companies that have the capabilities needed to bring new technology to the forefront of construction,” said Mike Miceli, CEO of Black Buffalo 3D. “After partnering with Saudi Readymix to localize our construction materials for Saudi Arabia, we began searching for a company that could use our 3D printing technology to the fullest extent possible. AM Unique quickly became our first choice, with its vast experience in additive manufacturing and its ability to complete projects that showcase both form and function. We look forward to training its construction team and beginning our collaboration on projects in Saudi Arabia.”
Black Buffalo 3D became the first company in the world to meet ICC-ES AC509 criteria for 3D printing of structural concrete walls after years of investment and testing its machines, materials, and wall assemblies. This internationally-recognized building criteria is accepted in more than 55 countries, and additional regions model their local building codes after it. BB3D’s NEXCON printer and its proprietary materials were also the first in the world to print owner-occupied homes that relied on the printed shell as the load-bearing element supporting the roof, without needing additional vertical reinforcement or grout fill. The company plans to immediately regionalize its proprietary materials and work with AM Unique and its existing partner Saudi Readymix on regionalizing their technology and methods of construction.
“Black Buffalo 3D was introduced through a trusted partner. We have dedicated significant efforts to evaluate and identify key players in 3D construction to support the scaling of this technology within our country. Black Buffalo 3D’s approach to testing and promoting repeatable processes for building made them one of our top choices,” said Yousef Alsughayir, CEO of AM Unique. “Our team looks forward to using our design expertise to print unique structures and elements, and working closely alongside Black Buffalo 3D to change the landscape of construction in Saudi Arabia.”
The partnership between AM Unique and Black Buffalo 3D is focused on execution of large-scale building and construction projects. Structural 3D printing offers a safer, more sustainable, and efficient building method over traditional. This partnership will emphasize the potential of 3D construction printing, focusing on residences, buildings, and industrial projects that elevate form and function from the ground up.
Follow along @AMUniqueSA and @Black_Buffalo_3D on Linkedin and Instagram for live updates and livestreams.
About Black Buffalo 3D Corporation
Black Buffalo 3D Corporation (https://www.bb3d.io) is poised to revolutionize construction and lead standardization and global innovation of 3D construction printers (3DCP), proprietary construction “ink” and 3D print construction consulting services. BB3D became the first 3D construction provider to meet ICC-ES AC509, giving its clients the ability to 3D-print structural walls on demand. NEXCON Printers 3D-print code-compliant homes, buildings and infrastructure on demand for both onsite and offsite construction. Black Buffalo 3D received the Global Innovation Award from NAHB for its leadership in testing and standardization in 3D construction and its Planitop 3D NA ink received Experts pick for Innovative Product from World of Concrete. For more information and for contacts, visit www.bb3d.io.
About AM Unique
AM Unique (https://am-unique.com) is a Saudi visionary large-scale 3D printing enterprise born under the wings of Namthaja Company. Since 2015, we specialize in creating custom solutions that push the boundaries of innovation using advanced 3D printing technology. Our focus is on digitizing the manufacturing process and mass customization and crafting unique, creative, and complex designs by leveraging the power of 3D printing technology.
Media Contact: Peter Cooperman, Black Buffalo 3D (646)491-9860 [email protected]
SOURCE Black Buffalo 3D Corporation
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Deal backed by Achieve Acceleration Loans brings total securitization volume of Achieve assets to over $6.4 billion
SAN MATEO, Calif., Nov. 14, 2024 — Achieve, the leader in digital personal finance, announces the Nov. 7 close of a AAA-rated securitization comprised of approximately $186.4 million in rated notes backed by Achieve Acceleration Loans.
The securitization, ACHV ABS Trust 2024-3AL, includes five classes of rated notes and is backed by 13,299 unsecured consumer personal loans. The deal is jointly sponsored by Achieve and Nelnet. ACHV ABS Trust 2024-3AL is the 11th securitization of Achieve personal loans to receive a AAA rating from DBRS and the 13th to receive a AAA rating from Kroll Bond Rating Agency (KBRA).
Achieve Acceleration Loans are an invitation-only product offered exclusively to members of Achieve’s debt relief program and those of certain other legal services providers who have been enrolled for at least six months and have made timely payments into their dedicated accounts during that time.
“Achieve Acceleration Loans help consumers get a fresh start by speeding up the process of consolidating and resolving existing debt,” said Achieve Co-Founder and Co-CEO Andrew Housser. “Borrowers appreciate the opportunity to use these loans to complete their debt relief program early and investors continue to show strong demand for our differentiated assets.”
Achieve Acceleration Loans are fully amortizing, unsecured consumer loans with original balances ranging from $2,500–$75,000, original terms of one to six years, and a fixed interest rate between 23.90% and 26.90%. Underwriting for the Achieve Acceleration Loan program is based on proprietary algorithms that evaluate behavioral, transactional, employment and income data, as well as a manual review of borrowers’ creditworthiness. The loans are originated by a bank partner on the Achieve Personal Loans platform.
The Class A, Class B, Class C, Class D and Class E fixed-rate notes were rated AAA (sf), AA- (sf), A- (sf), BBB- (sf) and BB- (sf), respectively, by KBRA. The Class A, Class B and Class C fixed-rate notes were rated AAA (sf), AA (low) (sf) and A (low) (sf), respectively, by DBRS. The Class D and Class E notes were not rated by DBRS. The transaction structure features overcollateralization, subordination, a reserve fund and excess spread.
ATLAS SP Partners served as Structuring Agent, Initial Purchaser and Joint Bookrunner. Jefferies served as Initial Purchaser and Joint Bookrunner. Barclays and CRB Securities each served as Rated Notes Initial Purchaser and Joint Bookrunner. Since 2018, Achieve assets have served as collateral in 21 personal loan securitizations and five home equity line of credit securitizations. Cumulative issuances across all Achieve-related securitizations total over $6.4 billion and total loan originations through the Achieve Personal Loans platform and by Achieve Home Loans is over $12.5 billion.
This press release is for informational purposes only and is neither an offer to sell nor the solicitation of an offer to buy the notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“Securities Act”), or the securities laws of any jurisdiction. The notes were offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act or outside the United States in compliance with Regulation S under the Securities Act.
Achieve refers to the global organization and may denote one or more affiliates of Achieve Company, including Achieve.com (NMLS ID #138464); Achieve Home Loans, Equal Housing Lender (NMLS ID #1810501); Achieve Personal Loans (NMLS ID #227977); Achieve Resolution (NMLS ID # 1248929) and Freedom Financial Asset Management (CRD #170229).
