NEW YORK, Feb. 20, 2025 — CredCore , a vertical-AI company that transforms debt capital markets for lenders and borrowers, today announced $16M in Series A. The round was led by Avataar Ventures, with participation from Inspired Capital, Fitch Group, BellTower Partners, and senior executives in asset management and financial services.

CredCore is addressing a critical need in the enterprise credit industry, which transacts $5 trillion annually but has seen limited technological innovation. By focusing on domain-specific AI, CredCore accelerates deal throughput and empowers customers to scale their teams and assets under management (AUM). The CredCore platform has experienced surging demand and supports some of the largest asset managers and corporations in the US, overseeing over $650 billion in AUM.

CredCore’s solution suite covers the entire debt deal lifecycle, including pre-deal evaluation, during-deal diligence, and post-deal management. Its Agentic platform enables customers to analyze, summarize, and extract insights from deal-related documents in hours instead of days, significantly speeding up capital deployment.

“Marrying credit and technology has historically been insurmountable. The industry is fragmented, complex, and specialized, with data that is often unavailable and inconsistent. At CredCore, we are solving this with proprietary AI models trained on $5 trillion worth of data,” said Saumil Annegiri, Co-Founder of CredCore. “However, technology is just a part of the solution. Expert oversight remains indispensable to ensure precision and trust. This is where we differentiate ourselves with domain-specialists-in-the-loop.”

Karthik Nandyal, Co-Founder of CredCore, added, “In terms of technology adoption, enterprise credit today parallels where equities were 30 years ago—but credit markets are significantly larger. With decades of industry experience, we built CredCore on a foundation of advanced AI research and innovative business processes to transform credit markets through technology.  AI advancements like self-deployed models and more efficient architectures are enabling greater automation and enhanced data privacy, which is why we are able to guarantee outcomes for our customers.”

Nishant Rao, Founding Partner of Avataar Ventures, commented, “We invested in CredCore because the leadership team’s vision and execution track record is uniquely positioned to capitalize on two supercycles: private credit and AI.”

Mark Batsiyan, Co-Founder and General Partner, Inspired Capital, noted, “We’ve been part of CredCore’s journey since its inception and are very excited for the work CredCore is doing to automate strategic parts of the credit value chain – methodically and thoughtfully.”

As AI reshapes financial services, CredCore is set to lead the transformation in debt capital markets. The new funding will be used to expand AI capabilities, grow the team, and enhance the platform to support a broader range of credit market participants and deal types.

About CredCore

CredCore is a vertical AI company focused on transforming credit investing and management. By leveraging advanced AI models supervised by credit experts, CredCore accelerates deal throughput, enhances diligence, and enables funds to scale AUM efficiently. Founded in 2022 by industry veterans—Karthik Nandyal and Saumil Annegiri— CredCore is reimagining how enterprise credit is managed from the ground up. To learn more, visit www.credcore.com .

Media Contact : [email protected]

SOURCE CredCore

 Investment to support Resynergi’s growth as the first modular pyrolysis technology to turn plastic waste into a reusable resource, addressing significant demand as global CPG brands close the loop on plastic waste and transition to plastic circularity

ROHNERT PARK, Calif., Feb. 20, 2025 — Resynergi, a leading innovator in modular advanced plastic recycling technology, announced today it has raised $18 million in Series B extension funding led by Taranis, the investment and asset management company of Perenco Group. This milestone funding round will allow Resynergi to commission its first commercial scale site, equipping the company to address the outsized demand for sustainable, circular plastic resin and advance its mission to accelerate the transition to a circular economy.

“Sustainability goals and extended producer responsibility laws are fueling a surge in demand for efficient and reliable plastic recycling solutions,” said Brian Bauer, CEO at Resynergi. “We’re fortunate to have mission-aligned partners like Taranis, Lummus Technology, Transitions First (T1ST) and a committed bench of existing investors that recognize the market opportunity in front of us. We’re committed to turn on the first of many commercial sites while enhancing the value chain we’ve created to divert plastic from our landfills and oceans and convert it back into its molecular building blocks for reuse. Together we’re reducing the strain on our environment and helping to mitigate the global plastic crisis.”

Taranis Investment, known for backing cutting-edge technologies, is making a significant commitment to Resynergi’s vision for a more circular and low-carbon future. Their investment will empower Resynergi to expand operations for its first commercial-scale site, positioning the company to play a key role in addressing the estimated 70% global growth in plastic waste by 2050.

“We are proud to be part of Resynergi’s mission to lead in plastic waste transformation,” said Emmanuel Colombel, CEO of Taranis Investment. “Their scalable solution not only reduces CO2 emissions but produces high-quality recyclable materials, making them a key player in the global effort toward a circular economy. This investment reflects our commitment to accelerating the transition to a circular economy.”

Following the successful investment, Katherine Corrigan, from Taranis Carbon Ventures, will join the Resynergi Board of Directors. Existing investors Lummus Technology and T1ST also participated in this Series B extension round, further reinforcing their commitment to plastic circularity and accelerating industrial transitions for a more sustainable future. Ilya Aranovich, VP of Corporate Strategy at Lummus Technology, and Marianne Abib-Pech, Managing Partner at T1ST and former Global CFO of Shell Aviation, remain on the company’s board of directors.

Technological Innovation and Decentralized Recycling
Resynergi’s proprietary Continuous Microwave Assisted Pyrolysis (CMAP) technology, branded Resynergi Modules supplied by partner Lummus Technology, offer a transformative approach to plastic recycling. The modular design allows for rapid scaling, enabling material recovery facilities and businesses to efficiently process up to 50 tons of plastic waste per day. With a smaller footprint and fast conversion times, Resynergi Modules offer a cost-effective and environmentally friendly alternative to traditional recycling methods.

About Resynergi
Resynergi, headquartered in Rohnert Park, CA, is an advanced recycling technology company accelerating plastic circularity to protect human health and the environment. Its innovative, modular and scalable Continuous Microwave Assisted Pyrolysis (CMAP) technology reduces fossil-based dependency by converting plastic waste into clean, reusable liquid hydrocarbons and creates a circular future for plastics. Resynergi works with recycling organizations to secure and transform hard-to-recycle plastics, effectively diverting millions of pounds of plastic from landfills and oceans. Resynergi is committed to a future where plastic never becomes waste and a circular economy is possible and profitable. For more information, visit www.resynergi.com.

About Taranis
Taranis is a leading investment and asset management company of the Perenco Group. The Resynergi investment was made through Taranis Carbon Ventures, its fund focused on investing in breakthrough technologies that accelerate the transition to a sustainable, low-carbon future. With a strong track record of backing innovative companies, Taranis seeks to partner with visionary entrepreneurs and support their efforts in scaling technologies to address the world’s most pressing environmental challenges. For more information, visit www.taranis.eu.

Resynergi Media Contact:
Jessica Kilcullen
[email protected]

Taranis Media Contact:
Eleonore Gourdain
[email protected]

SOURCE Resynergi Inc.

Led by Susa Ventures, funding will accelerate Henry AI’s mission to streamline CRE workflows and create high-quality marketing deliverables in minutes

NEW YORK, Feb. 20, 2025 — Henry AI, a first-of-its-kind AI analyst for the commercial real estate (CRE) sector, today announced it has raised $4.3 million in seed funding. Commercial real estate is a $20 trillion industry that, to date, has relied on a series of repetitive and manual tasks to complete transactions. Henry AI is on a mission to take commercial real estate out of the stone age, automating this work and empowering commercial real estate professionals to be more efficient and relationship-focused.

Susa Ventures and 1Sharpe Ventures co-led the funding round. Additional investors include: RXR, Arden Venture Arms, Singularity Capital, Unwritten Ventures, Coalition Operators, Pioneer Fund, Orange Collective and Storyhouse ventures. Bill.com’s head of product Rami Essaid, Truebill.com founder Yahya Mokhtarzada, ROOM founder Brian Chen and Slack’s chief strategy officer Joe Teplow also participated. Henry AI is a Y Combinator-backed company.

“As a former commercial real estate analyst, I spent countless hours creating marketing decks for property listings and it was the most mind numbing exercise on the planet. If I had a tool that could quickly generate professional-grade marketing materials and streamline all the backend research, I could have focused on closing more deals,” said Sammy Greenwall, co-founder and CEO of Henry AI. “Henry AI is doing just that — automating the time-intensive tasks that have traditionally slowed us down and delivering polished marketing materials in minutes, not weeks. This allows professionals to focus on what matters most: growing relationships and closing deals. We’re at the forefront of this opportunity and welcome this new funding in support of our mission.”

“Through our investment in Henry AI, we are excited to support their unique approach to leveraging AI technology in the commercial real estate industry,” said Misha Gordon-Rowe, Partner, Susa Ventures. “We believe that Sammy and Adam’s vision and expertise will change the way real estate professionals operate, creating new opportunities and efficiencies in this dynamic market.”

Several national brokerages, including from 5 of the top 10 in the U.S., are already leveraging Henry AI. Before using Henry AI, analysts at these brokerages were spending 50 percent of their time researching market data, analyzing property trends, and manually building marketing decks for property listings. Henry AI condenses this time-consuming work into clean, polished marketing materials and detailed financial analyses within minutes, drastically reducing the time required to prepare for deals and freeing up analysts to focus on high-value client interactions.

About Henry AI

Henry AI is an AI analyst for commercial real estate on a mission to equip brokers with ‘superpowers’, enabling them to close more deals and increase earnings. Founded in 2024, Henry is headquartered in New York City.

Contact: [email protected]

SOURCE Henry AI

REDWOOD CITY, Calif., Feb. 20, 2025 — Deloitte has named Welltory, the company behind a leading all-in-one wellness app, #31 in the San Francisco Bay Area and #202 in North America, on its Technology Fast 500 ranking.

Welltory, aiming to transform how people manage their wellness in the 21st century, achieved 70% year-over-year revenue growth in 2024. With 10 million users, a 54% YoY increase in session time, and a strong 56% three-year customer retention rate, the company earned a spot on Deloitte’s 30th annual list, which included 86 companies from the San Francisco Bay Area.

According to Deloitte, the 2024 Technology Fast 500 awards celebrate the most innovative, fastest-growing tech companies in North America. Companies on the list were selected based on their fiscal year revenue growth from 2020 to 2023 and ranked by their percentage growth rate. The list includes companies from the technology, media, telecommunications, life sciences, fintech, and energy tech industries.

“Health and wellness in the 21st century must be more data-driven, personalized, and actionable than ever. At Welltory, we’re building an ecosystem to drive this transformation, and Deloitte’s recognition validates our approach. The demand for meaningful, science-backed insights continues to rise, as demonstrated by Welltory’s user base and revenue growth as well as the app’s 54% YoY increase in session time. We remain committed not only to providing advanced biomarker analytics but also to making insights truly actionable—helping millions of our users easily build great habits and improve their health and wellbeing,” said Jane Smorodnikova, CEO of Welltory.

In 2024, Welltory introduced several features that contributed to its growth. The company launched Today Screen, an AI-powered dashboard that transforms Apple Watch data into actionable wellness insights, helping users gain a detailed data-based understanding of how their lifestyle affects their health. It also unveiled Sleep Flow, the first-ever AI-generated bedtime story feature driven by users’ heartbeats, utilizing adaptive voice narration, binaural beats, and ASMR. Additionally, Welltory launched a science-backed Sleep Analysis tool for Apple Watch users, offering deep insights into sleep patterns and personalized recommendations.

Welltory is now working to scale further in 2025. The company is preparing to launch AI-driven personalized health journeys coupled with contextual, compassionate journaling prompts to further engagement and innovation in the digital health and wellness sector.

About Welltory:

Welltory is a tech company behind the most popular all-in-one wellness app, ranked in the top 50 Health & Fitness Top Grossing and featured 20 times by the App Store. By leveraging data from over 1200 wearables, devices, and apps, AI/ML-powered app keeps 10M+ members on track for lifelong health delivering personalized insights and recommendations developed on top of proprietary algorithms and data analysis techniques. Welltory’s approach to wellness is backed by solid science, including comprehensive research, publications in top-tier journals like MDPI and Nature Scientific Reports, and partnerships with prestigious universities. More than 65% of its members report experiencing better sleep, reduced stress, and increased physical activity. Founded in 2016, Welltory is based in Redwood City, CA. https://welltory.com/.

Contact:
KC Chabanenko
[email protected]
+16507729027

SOURCE Welltory

AI-powered digital health platform addresses cognitive wellness during the menopausal transition, backed by Bayless Ventures and AZ Venture Capital Inc.

PHOENIX, Feb. 20, 2025 — Prickly Pear Health, a digital health company focused on brain health during the menopausal transition, announced today that it has secured institutional pre-seed funding led by Bayless Ventures and AZ Venture Capital Inc. The company has surpassed its initial funding target of $250,000, with strong potential to double this figure by Q1 2025.

“Securing institutional backing this early in our journey validates both our mission and market opportunity,” said Imen Maaroufi Clark, Founder and CEO of Prickly Pear Health. “This investment accelerates our ability to address the critical gaps in menopausal health support, particularly around cognitive and neurological wellness.”

The funding round attracted notable investors and advisors, including AZ-VC (Arizona’s largest venture capital fund), Dr. Alyx Porter Umphrey, Neurooncologist at Mayo Clinic; Dr. Heidi Jannenga, Co-founder of WebPT; and Ginny Wright, CEO of Audemars Piguet, Americas. This early institutional support positions Prickly Pear Health as Arizona’s leading femtech startup.

“Prickly Pear Health represents exactly what we look for in early-stage investments,” said James Goulka, CEO and President of AZ Venture Capital Inc. “The combination of a compelling founder story, clear market need, and innovative technology solution presents an exceptional opportunity to transform women’s health.”

Clark’s journey to founding Prickly Pear Health began in North Africa, where she witnessed her mother’s struggles with surgical menopause following an emergency postpartum hysterectomy. This personal experience, combined with her background in technology, drove her to develop solutions for the often-overlooked cognitive and neurological aspects of menopausal transition.

“Issues like brain fog and memory deficits due to hormonal fluctuations are affecting the 28 million women currently in menopausal transition and will continue to grow by 2 million per year,” said Dr. Heidi Jannenga. “With their innovative technological platform, Prickly Pear is poised to help women not just tolerate, but thrive during and beyond their reproductive years with their evidence-based approach to navigating these transition periods. I proudly support Imen as a female founder transforming the brain health approach.”

The platform is leveraging the latest advancements in AI to address hormonal fluctuations’ impact on brain health, particularly during the menopausal transition, and provide personalized insights and recommendations. Prickly Pear Health is redefining how women navigate this inevitable life transition. Currently in closed beta, Prickly Pear is actively developing partnerships with healthcare providers and research institutions to expand its impact.

About Prickly Pear Health

Prickly Pear is a NextGen digital health solution designed to champion brain health during and beyond reproductive years. By integrating conversational AI, behavioral analytics, and wearable technology, the platform delivers personalized insights to support emotional well-being, mental clarity, and cognitive resilience, particularly for women in the menopausal transition. By fostering sustainable lifestyle modifications, the platform empowers them to fuel cognitive performance and optimize overall well-being. To learn more, visit https://pricklypear.io/.

About Bayless Ventures

Bayless Ventures is an early-stage venture capital firm focused on disruptive healthcare technology and technology-enabled services. The firm invests and advises companies from incorporation through Series A funding round. Bayless Ventures is dedicated to supporting the next generation of healthcare leaders that will create a positive shift in the healthcare industry. To learn more about Bayless Ventures, please visit https://baylesshealthventures.com/.

About AZ Venture Capital Inc.

AZ Venture Capital Inc. is an Arizona venture capital fund that invests in pre-seed through Series B rounds of funding of early-stage Arizona startups and early growth companies that solve important customer problems. They invest in software; IT hardware; health tech, including medical devices, diagnostics, and therapeutics; and green tech. AVC has a particular focus on bringing its own and other equity capital sources to founders from traditionally underserved communities. For more information, visit: https://azventurecap.com/.

SOURCE Prickly Pear Health

PHOENIX, Feb. 20, 2025 — Trinity Capital Inc. (NASDAQ: TRIN) (“Trinity Capital”), a leading alternative asset manager, today announced the commitment of $15 million in growth capital to Cagent Vascular Inc., a leading developer of serration technology for vessel dilation in endovascular interventions. This capital augments $45 million of equity financing led by US Venture Partners in 2024.

Cagent Vascular is a medical device company pioneering innovative vascular treatment technologies. The company’s flagship product, Serranator^®, helps improve angioplasty procedures by providing more predictable and controlled lumen gain with minimal dissection, while mitigating vessel recoil. Cagent Vascular aims to enhance patient outcomes and advance minimally invasive interventions by developing advanced endovascular solutions.

“We are excited to partner with Cagent Vascular as they continue to innovate and expand their platform of valuable solutions for physicians treating patients with peripheral artery disease,” said Ryan Kaeding, Managing Director, Life Sciences at Trinity Capital.

“Cagent Vascular’s Serration technology has been used in over 20,000 procedures and offers a growing library of compelling clinical evidence. We’re confident this additional capital will help scale our commercial infrastructure and further accelerate clinical adoption,” said Brian Walsh, Chairman and CEO of Cagent Vascular. “Trinity Capital’s support is appreciated as we build a leading vascular company and make a difference in the lives of patients around the globe.”

About Trinity Capital Inc.

Trinity Capital Inc. (Nasdaq: TRIN) is an international alternative asset manager, aiming to provide investors with stable and consistent returns through access to the private credit market. We source, vet, and invest in dynamic privately funded growth-oriented companies, giving our investors access to a strong and diversified portfolio. With distinct business verticals, Trinity Capital stands as a trusted partner for innovative companies seeking tailored growth capital solutions. Headquartered in Phoenix, Arizona, the firm has an international footprint, supported by a dedicated team of strategically located investment professionals. For more information, visit the company’s website at trinitycapital.com and stay connected by following us on LinkedIn and X (formerly Twitter).

About Cagent Vascular Inc.

Cagent Vascular Inc., founded and led by serial medical technology entrepreneurs, is the leader in Serration Technology to treat peripheral artery disease. The company has developed a transformative improvement to conventional angioplasty, which is the most commonly performed procedure to restore blood flow. Although angioplasty has been used clinically for over 50 years, there remain significant opportunities to optimize the therapy and to improve the treatment outcomes of cardiovascular disease. To learn more about Cagent Vascular’s mission to fight PAD, visit www.cagentvascular.com.

SOURCE Trinity Capital Inc.

CAMBRIDGE, Mass., Feb. 19, 2025 — OpenEvidence, the fastest-growing platform for doctors in history, has closed a Series A with Sequoia Capital at a $1 billion valuation. This milestone marks OpenEvidence’s first institutional investment and brings the company’s total capital raised to over $100 million.

OpenEvidence is on a mission to organize and expand the world’s collective medical knowledge, offering a groundbreaking AI copilot for doctors that assists them in making critical decisions at the point of care. This innovative platform is now a trusted resource for hundreds of thousands of verified doctors at over 10,000 care centers across the United States. Built from the ground up specifically for medical professionals, OpenEvidence is trained on specialized content, including the New England Journal of Medicine, through strategic partnerships. As a professional tool available exclusively to healthcare providers, OpenEvidence is free for verified doctors in the United States.

“As we come upon our platform’s two-year anniversary later this spring, OpenEvidence is trusted and used daily by hundreds of thousands of doctors. But we’re just getting started,” said Daniel Nadler, Founder of OpenEvidence. “Our Series A with Sequoia will enable OpenEvidence to continue building the most trusted AI platform for doctors and other medical professionals in the world.”

OpenEvidence, whose team is largely made-up of AI scientists from PhD programs at Harvard and MIT, will use the funding to train its next generation of medical domain-specialized Large Language Models (LLMs) and continue to assemble and grow the best team of scientists working at the intersection of LLMs and medicine. 

“As growing caseloads and patient demands make it near impossible for doctors to stay current and deliver the best care, OpenEvidence is the solution physicians have been yearning for,” said Pat Grady, partner at Sequoia Capital. “The scale of OpenEvidence’s life-saving impact is massive, positioning it to become one of the most important companies of the next decade. We’re proud to partner with Daniel and the OpenEvidence team as they transform healthcare delivery for both physicians and patients.”

OpenEvidence will also use the funding to forge strategic content partnerships, as well as to build and grow its own library of advanced medical knowledge through direct collaboration with world-leading medical researchers in oncology, neuroscience, cardiology, and other specialties.

Accordingly, OpenEvidence is today also announcing that it has signed a multi-year content agreement with NEJM Group, publisher of the New England Journal of Medicine (NEJM). Under this agreement, all published content and multimedia from 1990 forward from NEJM, NEJM Evidence, NEJM AI, NEJM Catalyst, and NEJM Journal Watch will be provided to OpenEvidence to inform answers delivered on the OpenEvidence platform.

“In serving clinicians, it is crucial that the trusted evidence we publish informs clinical decisions,” said David Sampson, Vice President and Chief Publishing Officer of NEJM Group, publisher of the New England Journal of Medicine. “OpenEvidence is emerging as a preferred resource for many clinicians. We are delighted to support OpenEvidence as a content partner, and we look forward to further collaborating with OpenEvidence to improve the delivery of clinical knowledge.”

About OpenEvidence

OpenEvidence’s mission is to organize and expand the world’s collective medical knowledge. OpenEvidence’s first product, its eponymous copilot for doctors that helps them make high stakes decisions at the point of care, is now used by hundreds of thousands of logged-in, verified doctors at 10,000+ care centers across the United States. Launched in 2023, OpenEvidence became the fastest platform in the history of the medical industry to surpass 100,000 verified doctor users in the United States. As of this writing, 40,000 verified U.S. doctors and other active healthcare providers are registering for OpenEvidence each month (there are only about one million active physicians in the United States). Aside from the iPhone, there has never been a piece of technology adopted by doctors as quickly as OpenEvidence. Doctors leverage OpenEvidence multiple times a day on average and more than 75% of doctors use OpenEvidence during office hours for clinical decision support at the point of care, using it to inform patient care plans by querying how treatments affect patients with specific comorbidities or assessing drug efficacy. It also assists in addressing common issues by providing information on drug safety profiles, disease causes, the risks of discontinuing medications and more. With medical knowledge doubling every 73 days, OpenEvidence empowers doctors to stay current with this rapid pace of change, ensuring they deliver informed patient care. OpenEvidence is built from the ground up specifically for doctors, and is trained on specialized medical content, such as the New England Journal of Medicine (through strategic partnerships). OpenEvidence is free for verified doctors in the United States but is a professional tool available only to professional healthcare providers.

CONTACT: [email protected]

SOURCE OpenEvidence

Inevitable Games Fund returns underscore the resilience, growth and surging user demand in web3 gaming

NEW YORK, Feb. 19, 2025 — Immutable, in collaboration with King River Capital and Polygon Labs, today announced the inaugural returns on liquid investments of the Inevitable Games Fund (IGF).

The fund recorded a 2.8 Multiple on Invested Capital (MOIC) for investments that have launched token generation events (TGEs), outpacing the 1.36 Multiple seen from Bitcoin during the same time period.

Anchored by Alpha Wave Ventures, backed by Alpha Wave Global and the Abu Dhabi Royal Group’s Chimera Capital, IGF has made investments in 16 gaming projects over the last nine months.

“The success of the performance of the Inevitable Games Fund to date underscores the strength and resilience of the web3 gaming sector,” said Robbie Ferguson, President and Co-Founder of Immutable. “Web3 gaming is driving a revolution in technology and content development, redefining how players are rewarded for their time and empowering them to invest in and shape their gaming communities for the long term. This is a groundbreaking category that has incredible opportunity for the most discerning and strategic firms and investors that are paying close attention”

Other early investors include Merit Circle, Mike Arrington, Co-Founder of CrunchFund and Arrington Capital, Steve Kokinos, of Sonic Boom Ventures and former CEO of Algorand, and Sandeep Nailwal, Co-Founder of Polygon Labs.

“The outstanding performance of  IGF in such a short timeframe is a testament to the momentum and resilience of the web3 gaming landscape,” said Zeb Rice, Co-Founder and Managing Partner at King River Capital. “With the fund’s strong performance, we continue to solidify our commitment to revolutionizing the gaming industry through digital ownership and blockchain technology.”

Immutable and Polygon represent key driving forces in the web3 gaming industry, together representing approximately 70% of the total market share in the sector. Since launching the IGF, Immutable has established itself as the fastest-growing web3 gaming ecosystem, with 500 games total and one of the largest number of monthly active users (MAUs). In 2024 alone, Immutable onboarded over 250 games and recorded 4.6 million signups for its Immutable Passport onboarding platform, further solidifying its position as one of the most successful blockchain gaming companies in operation today.

Any information stated in this document is intended to be general in nature and is not personal financial product advice, and furthermore this document has been prepared without taking account of any person’s objectives, financial situation or needs. Before considering an investment, you should consider the appropriateness of the investment having regard to your personal objectives, financial situation and needs. This document and the information conveyed is also not intended to be in any way a general solicitation of interests in any financial product or for the provision of any financial service. Any reference to the names, service marks or trademarks of parties are for and held by each of those parties and is not an acknowledgement of a permission or right, license or sub-license the use, exclusive or otherwise, of those names, service marks or trademarks.

About King River Capital

King River Capital invests in early to mid-stage high-growth technology businesses solving critical problems. Since its founding in 2019, King River has raised three software and two blockchain funds and has invested in 50+ companies, primarily across North America and Australia.

King River’s gaming and blockchain equity investments include Immutable; Discord (the defacto locus for blockchain and gaming communities ); Splash (one of the world’s most popular music games on Roblox), Paystand (B2B payments platform leveraging the blockchain), Consensys (Developer of MetaMask and other Ethereum tools), LayerZero (Cross-chain communication platform), Layer3 (Token distribution and quest platform) and several others King River also actively invests in liquid tokens.

King River Capital has a global team of 25 professionals operating from offices in Sydney, New York, Denver, and London.

About Immutable
Immutable is a global leader in gaming on a mission to bring digital ownership to every player by making it safe and easy to build great web3 games. Immutables gaming platform and has onboarded over 500 well-funded games onto the platform and has raised $300M+ USD from leading global investors including Temasek, Tencent, Bitkraft, King River Capital, and Galaxy.

The Immutable gaming platform makes it easy for game studios and independent developers to safely and confidently build and launch successful games on Ethereum. The product suite includes pre-built solutions, optimized for usability, that help developers get to market faster without sacrificing security or player experience. Builders get personalized web3 guidance, live support for their communities, and access to the largest ecosystem in gaming.

Immutable was the first gaming platform to deliver a zero-knowledge (zk) scaling solution to the Ethereum community and provides developers with zk-based scaling solutions like Immutable zkEVM, powered by Polygon.

Join the Immutable community on Discord, Reddit, Twitter, Instagram, Telegram and Youtube

SOURCE Immutable

AI-powered platform improves observability data quality and prevents system outages while enabling vendor flexibility

SAN FRANCISCO, Feb. 19, 2025 — Sawmills, the first smart telemetry data management platform, emerged from stealth today with $10M in seed funding. The highly oversubscribed round was led by Team8, with participation from Mayfield and Alumni Ventures. Founded by enterprise software veterans who were previously executives at New Relic, CloudBees, and Tricentis. Sawmills’ AI-powered platform allows enterprises to manage the data flowing from engineering teams to their observability tools, identifying opportunities for cost reduction while enhancing critical monitoring capabilities.

As modern software architectures grow more complex, observability has become critical for maintaining reliable systems – but organizations face dual challenges of unsustainable costs and data quality issues. The median company now spends nearly $2M annually on observability, and the majority of companies report experiencing unexpected cost spikes on a monthly basis. The scale of the problem was highlighted when a financial services firm was famously hit with a staggering $65M observability bill from Datadog.

“Engineering teams are grappling with both cost and quality challenges in their observability data,” said Ronit Belson, CEO of Sawmills, who founded the company alongside Amir Jakoby and Erez Rusovsky. “Missing data points, inconsistent formats, and duplicate data drive up costs and make root cause analysis unreliable and time-consuming. Observability has become the second-largest expense after cloud costs for most companies. In our conversations with VPs of Engineering at leading companies, they consistently tell us that up to 90% of their observability data is useless – yet they’re still paying to collect, process, and store all of it. Unpredicted spikes are another major challenge. We recently spoke with one company where a single developer’s mistake led to $250,000 in additional fees in just one day. Engineering teams need intelligent telemetry data management that not only improves data quality but also prevents costly mistakes before they happen. Sawmills automatically identifies optimization opportunities and implements guardrails to protect against unexpected cost spikes while ensuring you capture the data that matters.”

Sawmills enables companies to optimize their observability practices through intelligent data management. The platform uses AI models to analyze telemetry data as it streams through the system, automatically identifying opportunities to reduce spending, improve data quality, and prevent observability system outages. Companies can implement Sawmills’ recommendations with a single click and set automated policies to prevent unexpected cost spikes and availability issues. The platform’s intelligent routing capabilities not only direct data to cost-effective storage solutions but also provide organizations with the freedom to switch between observability vendors without disrupting their monitoring infrastructure.

The impact of Sawmills’ approach is already evident among early adopters. Edi Buslovich, a VP of Engineering at Via, said: “Partnering with Sawmills has set us on a path toward optimizing our telemetry data—paving the way for streamlined costs, improved observability resource allocation aligned with our business needs, and enhanced data governance.”

“Telemetry data management is emerging as a critical new category in enterprise cloud infrastructure,” said Liran Grinberg, Managing Partner at Team8. “The Sawmills team has a deep understanding of the problem and a comprehensive vision that perfectly positions them to own this new category. This isn’t just about cost reduction; we believe Sawmills’ approach to intelligent telemetry data management will massively improve observability and become essential infrastructure for modern enterprises.”

Built on the OpenTelemetry Collector, Sawmills enhances this widely adopted open-source standard with advanced AI-powered capabilities to deliver:

• Real-time Processing: The platform’s AI-powered engine processes logs, metrics, and traces as they stream in, automatically detecting and fixing issues like missing data points and inconsistent formats while optimizing costs through smart sampling, routing, dropping, aggregation and more.
• Comprehensive Control: Organizations gain complete control over their observability strategy through smart policies that automatically enrich telemetry data, improve data quality, and protect against unplanned data spikes and system outages.
• Vendor Flexibility: Sawmills’ architecture ensures enterprises can maintain robust observability while having the freedom to adapt and switch between observability vendors as their needs evolve.

To learn more about how Sawmills can help your organization optimize observability costs and improve data quality, visit www.sawmills.ai 

SOURCE Sawmills