Funding led by new investor Thrive Capital

Company expects to cross $3B in revenue run rate and achieve positive free cash flow in fourth quarter

SAN FRANCISCO, Dec. 17, 2024 — Databricks, the Data and AI company, today announced its Series J funding. The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion to date. This funding values Databricks at $62 billion and is led by Thrive Capital. Along with Thrive, the round is co-led by Andreessen Horowitz, DST Global, GIC, Insight Partners and WCM Investment Management. Other significant participants include existing investor Ontario Teachers’ Pension Plan and new investors ICONIQ Growth, MGX, Sands Capital and Wellington Management.

The company has seen increased momentum and accelerated growth (over 60% year-over-year) in recent quarters largely due to the unprecedented interest in artificial intelligence. To satisfy customer demand, Databricks intends to invest this capital towards new AI products, acquisitions, and significant expansion of its international go-to-market operations. In addition to fueling its growth, this capital is expected to be used towards providing liquidity for current and former employees, as well as pay related taxes. Finally, this quarter marks the first time the company is expected to achieve positive free cash flow.

“We were substantially oversubscribed with this round and are super excited to bring on some of the world’s most well-known investors who have a deep conviction in our vision. These are still the early days of AI. We are positioning the Databricks Data Intelligence Platform to deliver long-term value for our customers and our team is committed to helping companies across every industry build data intelligence,” said Ali Ghodsi, Co-Founder and CEO of Databricks. “We’re building transformative data and AI infrastructure and excited to move aggressively in service of our customers and their success.”

The Databricks Data Intelligence Platform democratizes access to data and AI, making it easier for organizations to harness the power of their data for analytics, machine learning, and AI applications. Built on an open source foundation, the platform enables organizations to drive innovation to increase revenue, lower costs, and reduce risk. Customers use the Data Intelligence Platform to find and treat diseases and cancer earlier, identify new ways to combat climate change, detect financial fraud, develop pharmaceuticals faster, reduce time to mental health intervention, decrease local financial inequality and much more.

“Databricks, driven by its mission to democratize data and AI, has emerged as the platform of choice,” said Joshua Kushner, CEO of Thrive Capital. “We have witnessed the team’s unrelenting execution, and consider it an honor to be partners with the company for the long term.”

Today’s announcement comes on the heels of Databricks’ recent momentum which includes:

• Growing over 60% year-over-year in the third quarter ended October 31, 2024
• Expecting to cross $3 billion revenue run-rate and be free cash flow positive in the fourth quarter ending January 31, 2025
• Continuing to achieve non-GAAP subscription gross margins above 80%
• Having 500+ customers consuming at over $1 million annual revenue run-rate
• Achieving $600 million revenue run rate for Databricks SQL, the company’s intelligent data warehousing product, up more than 150% year-over-year

Databricks’ momentum builds upon a year of global business expansion. To continue to serve its customers around the world, Databricks announced its new European regional hub in London and Asia Pacific and Japan (APJ) regional hub in Singapore, as well as an expanded presence in Latin America and the Middle East.

About Databricks

Databricks is the Data and AI company. More than 10,000 organizations worldwide — including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500 — rely on the Databricks Data Intelligence Platform to take control of their data and put it to work with AI. Databricks is headquartered in San Francisco, with offices around the globe and was founded by the original creators of Lakehouse, Apache Spark™, Delta Lake and MLflow. To learn more, follow Databricks on X, LinkedIn and Facebook.

Contact: [email protected]

SOURCE Databricks

Acre is a new way to buy a home that streamlines the end-to-end homeownership experience and delivers compelling financial outcomes.

DURHAM, N.C., Dec. 17, 2024 — Acre Homes, a tech-enabled real estate company, announced the successful close of a seed round led by Anthemis, bringing its total venture capital raised to over $10MM. The fundraise included notable participation from Sovereign’s Capital, Home Technology Ventures, Studio VC, Front Porch Ventures, Unpopular Ventures, Duke Capital Partners, and former CEO of Invitation Homes Fred Tuomi. The funding will support the company’s efforts to accelerate growth in existing markets, including newly launched Atlanta.

“We believe Acre is well-positioned to deliver a sorely needed, consumer-centric solution in real estate,” said Sean Park, Founder, CIO and General Partner at Anthemis. “The team’s deep expertise and unique approach to solving a very real, very complex problem is impressive, and we look forward to supporting their growth.”

“Our team is thrilled to have secured this investment, particularly given the challenges of the current fundraising environment,” said Mike Schneider, CEO and Co-founder of Acre Homes. “This success is a reflection of the quality of our team, encouraging market traction, and the widespread interest in supporting innovative housing solutions. We founded this company because buying a home no longer makes sense for a growing number of Americans. Compared to a mortgage, Acre delivers an exceptional homebuying experience and compelling financial outcomes. This round enables us to expand our reach and impact for even more prospective home buyers.”

Acre was founded in 2021 by Mike Schneider (First, RE/MAX), Kent Keirsey (US Army, First, Collective Health), Pete Crawford (US Army, McKinsey & Company), and Irene Tollinger (NASA, Collective Health), experienced entrepreneurs in real estate and technology. In just three years, Acre has successfully launched in the greater Raleigh and Atlanta metro areas, serving a broad range of customers looking for a strong alternative to both renting and a traditional mortgage.

Early Acre customers include growing families, mobile professionals, and both new and experienced homebuyers. Compared with a traditional mortgage, the average Acre customer has saved $9K in purchase costs, and is projected to benefit from an additional $50K through ongoing savings and home appreciation*.

About Acre Homes
Acre Homes is a Durham, NC-based company building a better way for customers to buy and live in homes they love. The company’s modern approach simplifies the home buying process and provides flexible, financially attractive options for residents. Acre’s unique shared home appreciation model gives customers a way to benefit from their home’s appreciation without debt. To learn more, visit www.acrehomes.com.

Media Contact
Genie Ko
(984) 266-2101
[email protected]

SOURCE Acre Homes

The Eclipse-led round positions Starboard to meet soaring demand for AI-powered logistics solutions, addressing increasingly complex global trade challenges

TORONTO, Dec. 17, 2024 — Starboard, an emerging leader in AI-powered logistics solutions, announced today it has raised $5.5 million in funding led by Eclipse, with participation from previous backers Garuda Ventures and Everywhere Ventures. This funding will fuel Starboard’s mission to create the default digital platform for global trade, expanding its engineering team in Toronto and accelerating its AI-driven product development to simplify supply chain complexities.

As global trade grows more complex, the logistics industry is under immense pressure to adapt. Recent events like the U.S. port strike highlight the vulnerability of the global supply chain and the critical need for innovative solutions to streamline operations and reduce costs for operators. Notably, U.S. business logistics costs reached $2.4 trillion in 2023, accounting for 8.7% of the nation’s GDP, reflecting the challenges companies face in adjusting to shifting consumer demand.

Starboard is building the virtual infrastructure for global trade, allowing freight companies to leverage AI and machine learning to optimize their operations. This includes processing shipments in real time, reconciling invoices, following up on payments, and more. With strong demand for AI-powered logistics, Starboard’s tools have demonstrated the ability to reduce operational expenses by up to 50%, allowing smaller freight businesses to focus on strategic tasks and improve competitiveness in a complex industry. Given that small and medium-sized enterprises (SMEs) represent about 90% of businesses worldwide and more than 50% of employment, Starboard’s solutions have the potential to make a substantial impact on the global supply chain.

“This investment is a pivotal step in our mission to unlock the power of AI for our customers,” said Sumeet Trehan, Co-Founder and CEO of Starboard. “Global trade has long been plagued by inefficiencies that drive up costs and reduce competitiveness. Our platform is designed to empower SMB freight forwarders—the backbone of more than $20 trillion in global trade and $1 trillion in logistics spend—with the tools they need to thrive in this complex ecosystem.”

Since launching its AI-powered platform, Starboard has grown shipment counts and is planning to reach $2M ARR in 2025. Recent product milestones include the launch of the Starboard Control Tower, which helps freight forwarders streamline shipment operations. Their AI reduces manual data entry, automates document generation, handles regulatory filings, and follows up with vendors, making global trade easier and more efficient. It also launched a real-time quoting tool that leverages AI and machine learning to enhance quoting accuracy and speed.

“As global trade becomes increasingly complex, there is a growing need for AI-driven transformation in logistics,” said Kaitlyn Glancy, Partner at Eclipse. “By addressing these complexities, the Starboard team is delivering solutions that make logistics more efficient and accessible, empowering companies of all sizes — and economies — to thrive.”

Fueled by this funding round, Starboard will continue to build a robust engineering team based in Toronto and accelerate its product roadmap.

“Starboard’s successful funding round demonstrates Toronto’s growing strength as a global hub for AI and logistics innovation,” said Stephen Lund, CEO of Toronto Global. “As Toronto continues to enable and grow transformative companies like Starboard, we’re seeing the real impact of combining artificial intelligence with traditional industries to solve global challenges.”

“It will take a special combination of domain expertise and technological savvy to truly penetrate this market,” said Rishi Taparia, Co-Founder and General Partner at Garuda Ventures. “That’s why we were thrilled to partner with Sumeet and the Starboard team earlier this year as they got started, and excited to welcome Katilyn and Eclipse to the team as we reimagine logistics and global trade with AI.”

“Starboard has, within record time, gained investor and customer confidence. This successful seed fundraise is a testament of the potential we see in the big idea and initial solution portfolio,” said Kamal Aissa, Partner at Kearney, MEA.

For more information, visit www.starboard.biz.

About Starboard
Starboard is building virtual infrastructure for global trade. Their flagship product is an AI based TMS and rate management system that helps mid sized freight forwarders operate more efficiently and win more business. Based in Toronto, Starboard’s team combines legacy industry expertise with advanced technology from companies like Flexport, Maersk, Google and Linkedin. For more information, please visit www.starboard.biz.

SOURCE Starboard

PORTLAND, Ore., Dec. 17, 2024 — PayRange, a leading innovator of mobile payment solutions for unattended retail, and Card Concepts Inc. (CCI), a well-known provider of laundry payment technology, today announced that they have reached a settlement in the patent infringement lawsuit brought by PayRange against CCI. As part of the mutually agreed-upon resolution, CCI will license certain PayRange mobile payment technology.

The settlement addresses allegations by PayRange that some of CCI’s payment products had infringed PayRange patents related to mobile-based payment technology. By entering into a licensing agreement, both companies reaffirm their commitment to respecting intellectual property rights, while ensuring that customers benefit from leading-edge payment solutions and continued investments in research and development.

“We are pleased to have reached an equitable agreement that validates our intellectual property and fosters innovation,” said Paresh Patel, Founder and CEO of PayRange. “This resolution underscores our dedication to protecting our patents while providing fair and reasonable access to our technology. We believe that this outcome not only resolves our dispute with CCI but also sends a clear signal to the industry—while PayRange will continue to invest in R&D to modernize the industry, PayRange will also enforce its rights and uphold the integrity of its intellectual property, ensuring a level playing field for everyone.”

“Our priority at CCI has always been delivering the best possible experience to our customers, and entering into this licensing agreement ensures that we can continue to do just that,” said Steve Marcionetti, President of Card Concepts Inc. “By working constructively with PayRange, we have found a path forward that allows both companies to focus on delivering solutions to customers and serve our respective markets with confidence and respect.”

This settlement and licensing agreement reflect both companies’ willingness to work toward a balanced solution that encourages creativity, compliance, and continued advancement in payment technologies. As leaders in their respective fields, PayRange and CCI are committed to fostering an industry where businesses can thrive through innovation, cooperation, and adherence to intellectual property laws.

About PayRange:

PayRange was founded by Paresh Patel, an unattended retail veteran, to provide operators and consumers with a simple and secure mobile payment and loyalty solution for laundry, vending, amusement, and other small ticket merchants. PayRange is the North American leader in mobile payments for unattended retail, with over 9 million users and a network of machines throughout 350 cities and towns in the US and Canada. Find out more at: https://www.payrange.com

About Card Concepts Inc:

Card Concepts was founded in 2000 and was born from over 40 years of experience in the vended laundry industry. They specialize in providing innovative and reliable laundry payment solutions, including card and digital payment systems that can add additional payment options for customers and eliminate the reliance on coins. Their products, such as LaundryCard and FasCard, offer laundromat owners comprehensive tools for managing and growing their businesses, including remote management, advanced marketing, and loyalty programs. Find out more at: https://laundrycard.com/

Media Contact:
Stephanie Cordisco
(503) 974-8228
[email protected] 

SOURCE PayRange

Revolutionizing Financial Services Through AI Innovation and Financial Inclusion

SILICON VALLEY, Calif., Dec. 17, 2024 — PayToMe.co, an award-winning AI-powered fintech marketplace and one of the top 1% global startups, proudly announces its ranking as the #2 startup in the prestigious Hatcher+ Global Top 100 Startups for November 2024. This recognition highlights PayToMe.co’s ability to harness cutting-edge technology to deliver transformative solutions for the global financial ecosystem.

“Being recognized by Hatcher+ is a testament to our mission to transform financial services for businesses worldwide,” said Mike Ulker, CEO of PayToMe.co. “This milestone reflects our dedication to innovation, driving global opportunities, and fostering financial inclusion. We are deeply grateful to Startupbootcamp and our global partners and shareholders for their invaluable support in propelling our vision forward”.

The Power of the Hatcher+ Score
Hatcher+ is celebrated as one of the Top 20 Data-Driven Venture Firms, alongside globally renowned firms like EQT, Sequoia, and Andreessen Horowitz, reinforcing its credibility in identifying high-growth opportunities.

The Hatcher+ Score, a globally respected AI-driven evaluation tool, identifies startups poised for success. Derived from 600,000 analyzed deals and 20 billion simulated funds, it evaluates metrics such as return potential, funding potential, and market impact.

Accelerating Innovation in the Fintech Market
PayToMe.co is strategically positioned in the rapidly growing financial services market, projected to surpass $600 billion by 2029. The platform delivers:

• Patented Text-to-Pay Technology: Enabling secure, real-time SMS-based transactions.
• Customizable Digital Invoicing: Supporting compliance across 100+ countries with multi-currency capabilities.
• AI-Driven Compliance: Automating KYC/KYB processes to reduce fraud and streamline regulatory adherence.
• Global Merchant Services: Seamlessly processing payments in 34 countries and 14 languages.
• Connects to 12,000 financial institutions and 7,000 applications globally.

Strategic Collaboration for Financial Inclusion and Global Growth
Aligned with the United Nations’ financial inclusion goals, PayToMe.co collaborates with strategic partners and equity holders, including Stripe, Plaid, US Bank, Startupbootcamp, and AppTech Payments Corp. (Nasdaq: APCX), to bridge gaps in financial services and address inefficiencies in cross-border payments.

PayToMe.co welcomes strategic alliances and partnerships with global leaders, financial institutions, and investors looking to support cutting-edge innovation in fintech. These collaborations will drive the next phase of PayToMe.co’s growth, expand its reach in key markets, and accelerate the adoption of its scalable solutions worldwide.

About PayToMe.co
Headquartered in Silicon Valley, PayToMe.co is an award-winning fintech marketplace specializing in cross-border payments, AI-driven compliance tools, and customizable digital invoicing. The platform connects to 12,000 financial institutions and integrates with 7,000 applications, offering seamless and scalable financial solutions. Recognized with nine international awards for technology excellence and social impact, PayToMe.co continues to redefine financial services for a more inclusive global economy. For more information, visit www.paytome.co

About Startupbootcamp

Startupbootcamp is a leading global accelerator, empowering entrepreneurs and fostering innovation. With a vast network of 5,000+ mentors, corporate partners, and ventures, Startupbootcamp supports startups at every stage of their entrepreneurial journey through investments, strategic connections, and essential resources. By amplifying impact and driving sustainable growth, Startupbootcamp continues to revolutionize industries worldwide.

Media Contact:

Mike Ulker

[email protected]

650-963-4969

SOURCE PayToMe.co

AUSTIN, Texas, Dec. 17, 2024 — Established seed-stage fund, Tuesday Capital, has announced the addition of Ethan Imboden, a long time collaborator, as a Partner. Imboden joins the team following 10 years at global design & strategy consulting firm, frog, where he founded and led the venture practice and investment arm. Tuesday Capital, known for its early-stage investments in over 350 groundbreaking startups, including  Airtable, Gitlab, Cruise, Zipline, Human Interest, Solugen, Oklo, Kueski, and Digital Ocean, has been backing founders at the inception of their companies since 2011. A San Francisco Bay Area native now based in France, Ethan will invest globally while also anchoring the firm’s new presence in Europe.

“At Tuesday, we operate as a startup that backs other startups. Ethan spent a decade as a VC-backed founder followed by a decade of supporting and investing behind founders, so his experience matches the Tuesday ethos perfectly. He and I have already been working together for over 7 years and he has helped many of our portfolio companies over that time,” said Patrick Gallagher, Cofounder and Managing Partner of Tuesday Capital. “Our success as a firm hinges on providing timely, tangible value to founders, helping them build their businesses from the outset. Ethan’s background in design, engineering and entrepreneurship augments what Tuesday can deliver to our portfolio companies.”

“Tuesday Capital has pressure-tested and honed its strategy across five funds and nearly fifteen years, while consistently delivering for both founders and investors,” said Ethan Imboden, Partner at Tuesday Capital. “With their continuous focus on outcomes rather than optics, Pat and his team have built a firm that’s efficient, independently-minded, and complementary to the entire early-stage technology ecosystem. This approach has always resonated with me, and I’m excited to officially join the team.”

Tuesday Capital joins founders at the start of their journey, collaborating with them through the earliest steps of getting their startups off the ground. The firm is known for bringing its extensive network and company-building support alongside its capital, earning a reputation in the venture ecosystem for rolling up its sleeves with portfolio companies while being complementary and additive to co-investors. The approach is paying off in fund performance and founder engagement – the team is now investing from their fifth fund where returning founders make up more than a third of the new companies being backed.

About Tuesday Capital
Tuesday Capital is an early-stage venture capital firm that has backed over 350 startups since launching in 2011. With five funds totaling approximately $150M under management, we have a proven track record of identifying and supporting exceptional founders at the earliest stages of building their companies. The value we bring to the venture ecosystem yields a differentiated deal flow, stemming from our network of 700+ founders and our longstanding and complementary relationships with fellow VCs.

We’re a small, close-knit, independently-minded team, focused on building long-term value. We operate as a startup-that-funds-other-startups, running an efficient, right-sized organization and continually evolving our market approach for both founder fit & LP performance. Our firm thrives on curiosity, integrity, diversity, taking the long view and having the courage and foresight to be the first in.  To learn more visit www.tuesday.vc.

Media Contact:
Gabby Champion
208-391-2997
[email protected]

SOURCE Tuesday Capital

• BYOC is a new deployment model where software companies can create a SaaS-like experience in a customer’s cloud account
• AI, data sovereignty regulations and enterprise security requirements are driving B2B software providers to offer the BYOC deployment model
• Previously only for the most technical teams, now anyone can offer BYOC with Nuon in minutes to unlock new customers, revenue and integrate more deeply with customer LLMs and data.

SAN FRANCISCO, Dec. 17, 2024 — Nuon Inc. today announced $16.5 million in funding and the early access release of its Bring Your Own Cloud (BYOC) platform. Nuon enables software companies to deliver SaaS-like experiences directly in customers’ cloud accounts—combining the compliance and security of self-hosted solutions with the ease of vendor-hosted software. By meeting demands for data sovereignty, security and compliance, Nuon allows SaaS providers to expand into new customer segments, enhance product capabilities while generating additional revenue streams.

“In today’s enterprise software landscape, every company must answer the inevitable customer question: ‘Can this run in our cloud account?,” said Nuon Founder and CEO Jon Morehouse. “Nuon enables any company to offer the BYOC deployment model in minutes, unlocking new customers, meeting data sovereignty requirements, and more deeply integrating with customer data and LLMs.”

The BYOC Opportunity and Nuon’s Vision

Much of what we know about cloud software today stems from the early consumer cloud pioneers like Facebook, Google and Netflix. However, modern business-to-business (B2B) software faces different challenges. Traditional SaaS deployments often require lengthy integrations and force customers to send their data to developer-controlled cloud accounts, resulting in higher costs, reduced security and inefficiency. Nuon overcomes these issues by enabling software to move to the customer’s cloud environment instead of requiring data to move to the developer’s infrastructure. This approach blends the ease of SaaS with the control, compliance, and security enterprises demand.

Jon Morehouse is a serial entrepreneur and infrastructure expert with over a decade of experience building and scaling cloud technologies, including at companies like Amazon and BuzzFeed. He founded Nuon, his fourth startup, in late 2021 when he was working on a developer-centric cloud platform and saw a larger opportunity: running software in the customer’s cloud. Companies like Databricks, Redpanda and Retool were already experimenting with different approaches to deploying their applications, and Jon realized the BYOC model wasn’t just the best approach for deploying critical applications—it would eventually become essential for almost every company. Conversations with founders confirmed this insight: many recognized the need for BYOC but were held back by its technical complexity.

Nuon’s mission is to make the Bring Your Own Cloud model accessible to software companies everywhere. This shift has the potential to transform software delivery, reshaping development, operations, data handling, and infrastructure. The rise of AI further accelerates the need for this model, making it a pivotal moment for the software industry.

“When we set out to build Nuon, we knew that making a generalizable platform to offer BYOC was an enormous investment, and we had to approach BYOC from first principles while making it seamless for existing companies to offer it alongside their current SaaS offering,” said Morehouse. “Our platform includes a control plane for managing customer installs, as well as APIs, SDKs and a CI/CD system for adding custom monitoring and debugging for day-2 operations.

Funding and Future Plans

Nuon has raised $16.5 million in funding from venture capital firms, M12 (James Wu),  Uncork Capital (Andy McLoughlin),  Redpoint Ventures (Pat Chase), Alumni Ventures (Meera Oak), Essence VC (Timothy Chen), Mantis VC (Alex Pall), Red Swan Ventures (Sandy Cass) and angel investors Quinn Slack (CEO of SourceGraph), Richie Artoul (co-founder of WarpStream, acquired by Confluent) and Michael Grinich (CEO of WorkOS). This capital will fuel product development,  prepare for general availability in early 2025, and drive customer acquisition.

“Uncork Capital led Nuon’s seed funding round and participated in its Series A because we believe Jon’s vision that BYOC will fundamentally disrupt software deployment and become an industry standard,” said Andy McLoughlin, managing partner at Uncork Capital and a Nuon board member. “Nuon is poised to lead this shift and build a generational infrastructure company that rivals today’s hyper-scalers.”

Nuon is currently powering a few dozen AI and data infrastructure companies already using the platform to deliver BYOC solutions. The company plans to launch general availability by late Q1 2025.

About Nuon

Nuon Inc. is a venture-backed software company revolutionizing how AI, data, and business-critical infrastructure software are deployed with Bring Your Own Cloud (BYOC). Nuon enables SaaS providers to offer BYOC in minutes, dramatically simplifying software management in customer cloud environments, accelerating acquisition, expanding product offerings, and unlocking new revenue streams. For more information, visit nuon.co and follow LinkedIn and X.

Media Contact:
Michael Celiceo at Code PR, [email protected]

SOURCE Nuon

Pioneering Approach Brings Insights from Neuronal Response to Identifying Personalized Drug Efficacy for Depression 

KEARNY, N.J., Dec. 17, 2024 — NeuroKaire, a pioneering biotechnology company specializing in precision medicine in psychiatry and neurology, has successfully secured $10 million in funding to advance development of its clinical test which helps identify drug efficacy for depression patients. The funding will help the company scale operations and further expand pharmaceutical partnerships. GreyBird Ventures led the round and the company’s other investors include Meron Capital and Jumpspeed Ventures, among others.

Based on a simple blood draw, NeuroKaire can provide a new view into brain function, including drug response insights that are based on the combined neurobiology and clinical context of individual patients. This innovative test can help clinicians identify the optimal antidepressant based on the unique response of the patient’s brain cells. The test includes the first-ever readout of antidepressant effects from each patient’s derived neurons, clinical data, as well as a pharmacogenetic screening covering 132 drugs.

“NeuroKaire has the potential to improve outcomes for depression patients,” noted Maurizio Fava, MD, Head of the Department of Psychiatry at Brigham and Womens Hospital Harvard Medical School, Psychiatrist in Chief Psychiatry, Massachusetts General Hospital, and an internationally recognized clinician, researcher, and teacher in psychiatry. “The company’s neuronal readout may represent the next generation of screening to help clinicians efficiently identify potential drug efficacy for their patients.”

“This funding will help us scale operations, expand our team, and deepen research and development efforts,” said founder and CEO Talia Cohen Solal. “Our test represents a major leap forward in the available tools that enable doctors to practice precision medicine in mental health. The investment will also support NeuroKaire in expanding its network of pharmaceutical partnerships currently focused on multiple psychiatric and neurological diseases. These collaborations are driving continued innovation in drug discovery and development and help ensure that new medications reach the right patients as quickly as possible.”

“We are proud to support NeuroKaire in their mission to advance precision medicine in psychiatry and neurology through groundbreaking technologies,” added Scott Gazelle, Managing Partner of GreyBird Ventures. “NeuroKaire has the potential to transform treatment paradigms in depression. We are excited to help bring the company’s innovative test to the clinic for treatment optimization and to see it used to improve the efficiency of new drug development.”

For more information about NeuroKaire visit www.neurokaire.com

About NeuroKaire: 

NeuroKaire is developing personalized medicine solutions to optimize treatment for psychiatric and neurological diseases. The company’s proprietary and innovative technology helps physicians find the best treatment for their patients. NeuroKaire uses its unique neuronal readout technology to rapidly test approved antidepressants and drug combinations against an individual patient’s unique neurological biomarkers. Combined with patients’ genetic and medical history, NeuroKaire can improve selection of the optimal drug therapy for each patient. This opens the door to faster treatment, fewer side effects, and lower dosing, and the elimination of arduous trial-and-error treatment protocols and needless loss of life. NeuroKaire also enables pharmaceutical and biotechnology companies to bring precision medicine into drug development throughout the developmental pipeline across psychiatry and neurology. To learn more, follow us on LinkedIn or on X @NeuroKaire.

Media Contact:
Catherine Afarian 
[email protected]
408.656.8872

Logo – https://mma.prnewswire.com/media/2581575/NeuroKaire_Logo.jpg

SOURCE NeuroKaire

AI-Powered Bridge Lending Platform Paves the Way For Scalable Bridge Financing

NEW YORK, Dec. 17, 2024 —  Atlas Invest, the premier bridge loan company,  announced today the successful closing of an $11M funding round. Combining decades of real estate legacy and financial expertise with advanced AI, Atlas serves real estate developers seeking efficient financing solutions as well as private and institutional investors looking to invest in US real estate debt. This round, led by The Garage with participation from State of Mind Ventures, Anfield, Guy Gamzu, and other previous investors, will fuel Atlas’s expansion, further strengthening its position leading the real estate-backed debt market.

The $10 trillion bridge loan market is ripe for innovation. As banks and large institutions further tighten lending criteria, demand for bridge financing continues to grow. Real estate developers need straightforward, efficient financing solutions. However, traditional methods often lead to slow processes and limited flexibility, causing costly delays and missed opportunities. At the same time, investors are seeking dependable alternative investments that align with their risk-return goals. Atlas provides investors exclusive access to high-quality real estate debt in what is widely regarded as the “holy grail” asset class, offering strong returns, low risk, and tangible security.  

By combining proprietary technology with institutional-grade underwriting and end-to-end portfolio management, Atlas has set a new standard in real estate debt investment, enhancing returns and reducing risk for investors. Their proprietary AI-powered technology supports precise underwriting and seamless loan processing, adding layers of risk management to an already stable asset class. Atlas’ ability to instantly analyze thousands of critical data points empowers their underwriting experts to make precise, efficient decisions. This same data-driven approach supports continuous monitoring of active loans, ensuring they are closely managed at all times. Atlas’s unique approach minimizes borrower input and simplifies each step, creating a streamlined, risk-mitigated process that empowers Atlas to originate billions of dollars in loans each year.

As lead investor, The Garage recognizes Atlas Invest’s potential to redefine the bridge lending landscape. Shay Dan, Managing Partner of The Garage, stated “We’re excited to partner with Atlas Invest as they transform bridge lending with their unique blend of AI and industry expertise. Their scalable model addresses the growing need for reliable, efficient financing solutions. We are committed to supporting Atlas in their journey to expand access and reach unprecedented levels.”

“Partnering with strategic investors with institutional roots will support us in scaling operations and establishing Atlas as the central hub for real estate-backed debt,” said Tal Shahar, CEO of Atlas Invest. “This funding allows us to grow an ecosystem that puts investors and developers at the center, delivering an exceptional experience in real estate financing.”

About Atlas Invest

Atlas Invest is a technology-driven financial platform dedicated to revolutionizing bridge financing in real estate investment. Combining human expertise with advanced AI and proprietary technology, Atlas Invest streamlines the entire loan process for borrowers, brokers, and investors, unlocking billions in unrealized asset-backed debt potential.

Contact:

Hannah Carimi, Director of Marketing

Follow Atlas Invest

SOURCE Atlas Invest