NEW YORK, Dec. 5, 2024 — Scalestack, the go-to-market (GTM) orchestration and agentic platform that empowers enterprise teams to scale faster, announces it has raised $3 million in funding from investors including Criteria Venture Tech, Sentiero VC, Exor Ventures, Geek Ventures and more. The funding will accelerate Scalestack’s mission to help companies like Harness, Redis, and MongoDB revolutionize their GTM Ops at scale.

Driving GTM Excellence at Scale for the Enterprise

Scalestack has spent over two years crafting a compelling platform already trusted by high-profile customers. With enterprise-grade workflows and AI-powered insights, Scalestack is enabling scaled GTM operations. “Our platform isn’t about handling a few thousand leads or accounts,” said Elio Narciso, co-founder and CEO at Scalestack. “We’re talking about enriching 450,000 accounts in hours across dozens of data sources, or de-anonymizing 200,000 signups with unmatched precision, and delivering actionable insights at scale—all while enabling seamless integration with enterprise systems.”

Cofounders Elio Narciso and Alessandro Prioni describe Scalestack as the “Clay for the enterprise,” but its real strength lies in its dual-layered approach. First, an Enterprise-Grade Data Orchestration and Enrichment Hub connecting customer data sources while cleaning, normalizing, deduping, and categorizing insights into actionable data points. Second, an Agentic Infrastructure, with swarms of AI agents delivering customizable, multimodal data points by reasoning through sources across the public web.

Powering GTM Innovation with Industry Leaders

Scalestack works closely with cutting-edge companies like MongoDB, Remote, and Typeform, driving GTM efficiency through dynamic account profiling, lead prioritization, and enriched insights. “Our partnership with Scalestack exemplifies what they can do for modern GTM Ops teams,” said Meghan Gill, SVP of SalesOps at MongoDB. “From dynamically calculating TAMM per account, to detecting smoke signals in a territory, to providing enriched data on the developer community, their AI-powered workflows make the impossible possible at scale.”

Scalestack’s new funding round includes participation from Exor Ventures, Geek Ventures, FN Fund, Red Bridge, Launch Factory, BackfutureVC, SentieroVC, Team Ignite and Criteria Venture Tech, along with prior investors Ripple Ventures, FlyerOne Ventures and Forum Ventures.

3M New Reasons to Try Scalestack

To celebrate its latest fundraising, Scalestack is offering 3 million enrichment credits ($150K in value) FREE to the first 30 new customers that wish to try its platform. Ends 01/31/2025, terms apply. For more, visit www.scalestack.ai/free-enrichment, or contact [email protected].

SOURCE Scalestack

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Seed Round Funding Co-Led by Village Global and Cota Capital

SAN FRANCISCO, Dec. 5, 2024 — Across AI, a new startup pioneering Agentic AI for enterprise workflows, today announced it has raised an oversubscribed seed round to bring to market the industry’s first enterprise sales AI supported by next generation agentic memory. Across AI’s groundbreaking technology, based on years of academic research, reasons over internal and external enterprise data to provide accurate, verifiable insights and actionable recommendations for entire business workflows, starting with enterprise sales. The funding was co-led by Village Global, a venture firm backed by some of the world’s most successful entrepreneurs, including Mark Zuckerberg, Eric Schmidt, and chaired by Reid Hoffman, and also co-led by early Dropbox investor Bobby Yazdani at Cota Capital.

The Next Generation of Agentic Memory

Despite advances in AI, supporting complex enterprise workflows remains a challenge. Current approaches struggle to understand the nuanced context and relationships within enterprise data. Techniques like Retrieval-Augmented Generation (RAG) are useful for answering factual questions, but they treat all data equally and lack the ability to prioritize, reason over, or adapt to new and changing information. These limitations prevent existing solutions from reliably performing the high-level reasoning needed to transform enterprise workflows.

Across AI’s technology overcomes these challenges with a dynamic memory system purpose-built to support complex workflows. Unlike first-generation knowledge retrieval systems, Across AI’s memory continuously adapts, retaining only relevant information, discarding outdated data, and surfacing key insights based on contextual importance. This enables Across AI’s agentic AI apps to reason deeply over unstructured enterprise data within each step of a workflow by using a proprietary combination of large language models (LLMs) and workflow-specific algorithms. 

Existing sales AI solutions may handle simpler tasks but often fall short due to their “AI-wrapped” nature—superficial layers over traditional systems that lack deep integration and contextual understanding. Enterprise sales teams have to execute complex and interconnected sales workflows. Across AI addresses this challenge with Agentic apps that support sales teams across each sales stage and are built for multi-step workflows. They synthesize data into higher-level reasonings, which are used to perform accurate actions such as generating a document.

“Having carried a quota for 18 years, I’ve lived the daily challenges salespeople face,” said Steven Mih, CEO and Co-founder of Across AI. “Throughout my career, deep product and account knowledge gave me an edge in prospect conversations but took an enormous amount of time. As a sales manager, I depended on each team member to build a pipeline and execute processes at the highest level. We started Across AI to build the solution I always wished I had—that understands the context of my deals and has the collective knowledge of my sales team to assist me with expert-level strategy and tactics.”

Meet the Founding Team

• Steven Mih, CEO and co-founder, is a repeat entrepreneur with decades of enterprise sales experience. He was previously the co-founder and CEO of Ahana Cloud, which was acquired by IBM in 2023. Steven has led successful startups as the former CEO of Aviatrix and has led sales teams at Couchbase, Transitive, and Cadence.
• Dr. Niloufar Salehi, CPO and co-founder, is an AI industry-known researcher in human-centered AI. She has led groundbreaking research on AI system design as a professor at UC Berkeley, shaping how AI can be integrated into complex workflows to boost reliability and augment human capabilities.
• Dr. Afshin Nikzad, CTO and co-founder, is a specialist in advanced algorithms and machine learning models. He is a dual PhD recipient from Stanford University, a competitive programming gold medalist, and is on leave from his professorship at the University of Southern California (USC). His expertise enables Across AI’s agents to process and understand nuanced contexts and provide actionable insights that adapt to new information in real-time.

Based on UC Berkeley research and NSF grants, the team is uniquely positioned to tackle the critical challenges in today’s sales technology landscape.

Investor Support

“At Village Global, we are dedicated to supporting innovative AI startups that address significant industry challenges to AI adoption,” said Anne Dwane, Partner and Co-founder of Village Global, which co-led the seed round. “Across AI’s “enterprise-grade AI” can meaningfully reduce the hours sales professionals and sales managers spend updating pipelines, customizing pitches, benchmarking competitors, and manually advancing deals to closure.”

“Having been an early investor in Google, Dropbox, and many leading-edge enterprise technology startups, I closely follow the evolution of the enterprise technology landscape,” commented Bobby Yazdani, Founder and Managing Partner of Cota Capital, which co-led the seed round. “Across AI’s innovative agentic AI technology understands and leverages business-critical enterprise data and has the potential to transform how businesses work across the entire sales cycle. Cota is excited to support Across AI’s visionary team on this groundbreaking journey.”

Actively Hiring Top Talent

As Across AI accelerates its mission, the company is actively recruiting passionate professionals at their San Francisco and Vancouver, Canada locations for roles in Full Stack, Platform, Backend, and ML engineering, and more.

About Across AI

Across AI is an Agentic AI startup developing technology to reason and leverage enterprise data to generate contextually accurate and verifiable output for enterprise workflows, starting with B2B sales. The company’s technology is rooted in research from UC Berkeley and supported by NSF grants and backed by Village Global & Cota Capital.

For more information and career opportunities, visit www.across.ai.

SOURCE Across AI, Inc.

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ATLANTA, Dec. 5, 2024 — Sola, a cutting-edge insurtech company, today announced the successful close of its seed round. Led by FINTOP Capital, with participation from Overline, 10vc, Karuna VC, and prominent insurance executives—bringing total funding to $3.7M. The investment bolsters Sola’s mission to provide homeowners and businesses with reliable and affordable natural disaster insurance.

Sola is bringing unprecedented reliability to a historically chaotic home insurance market. Facing constant premium increases and coverage denials, homeowners are fed up with the status quo. Equipped with a brand new approach to insurance, Sola guarantees consistent and affordable premiums every year.

“At Sola, we are building a lifeline for homeowners who have incredibly high premiums and deductibles,” said Wesley Pergament, Co-Founder and CEO of Sola. “With our new wind and hail product, we’re tackling these challenges head-on and delivering much needed relief to more homeowners.”

The funding will enable Sola to expand its wind and hail product, which addresses high deductibles and out-of-pocket costs for wind, hail, and tornado damage. The company will also enhance its agent platform, enabling agents to quote and bind policies in seconds and expand its state footprint to serve more high-risk states. Sola aims to extend its innovative approach to cover all types of natural disasters in the future.

Sola’s platform uses advanced weather data and automated claims processing to deliver fast payouts within days. With a growing network of partnerships, including collaborations with mortgage companies and hundreds of independent agencies, Sola is paving the way for more Americans to access affordable and reliable homeownership.

About Sola
Sola Insurance offers innovative, data-driven policies that keep premiums affordable and consistent, even after a claim or a bad storm. Backed by decades of weather insights and advanced technology, Sola reduces financial uncertainty. Learn more atsolainsurance.com.

About FINTOP Capital
FINTOP Capital is a venture firm focused on early-stage, B2B fintech companies. With $700+ MM in committed capital across five funds, the team has decades of industry experience as entrepreneurs, operators, & investors. FINTOP partners invest in experienced founders and products changing the way financial institutions, businesses, and their customers interact with money. Learn more atfintopcapital.com.

Media Contact: [email protected]

SOURCE Sola

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Round led by Supply Change Capital, With Participation by Mondelēz International’s SnackFutures Ventures

TEL AVIV, Israel and NEW YORK, Dec. 5, 2024 — Celleste Bio, an early-stage cocoa-tech company, announced today the closing of a $4.5M seed financing round led by Supply Change Capital, with participation from Mondelēz International’s SnackFutures Ventures, Consensus Business Group, The Trendlines Group, Barrel Ventures and Regba Agriculture. Celleste will use the funding to accelerate R&D, infrastructure, and technological capabilities needed to pilot and scale production of its cell-cultured cocoa ingredients.

Celleste was founded in 2022 to meet the world’s rising demand for chocolate in the face of supply chain challenges created by climate change and outdated, conventional farming practices. Celleste uses a combination of AgTech, BioTech and AI computational models to grow 100% natural cocoa from one or two beans in optimal, controlled conditions, year-round.

“Climate change and conventional farming practices are depleting our rainforests – resulting in unprecedented environmental and financial challenges to grow enough cocoa to meet the needs of a $100B – and growing – chocolate industry,” said Michal Beressi Golomb, CEO of Celleste Bio. “This round provides us with the financial and strategic support we need to accelerate product development, scalability and commercial readiness.”

Supply Change Capital, an early-stage firm investing in technology to transform the food system, led the round.

“Climate change is significantly impacting cocoa supplies, with prices reaching four times their historic highs this year, underscoring the urgent need for sustainable solutions,” said Shayna Harris, Co-Founder and Managing Partner at Supply Change Capital. “As the chocolate industry grows over 10% annually, the supply-demand gap is widening. We see this as a pivotal moment for advancements in cellular agriculture and are proud to support Celleste as it leads the way in pioneering innovative, sustainable cocoa solutions.”

Mondelēz International’s SnackFutures Ventures, the corporate venture capital arm of global snack leader Mondelēz International, also invested in the round.

“As one of the world’s largest chocolate producers, we are acutely aware of cocoa supply chain challenges,” says Richie Gray, VP, Global Head of Mondelēz International’s SnackFutures Ventures.  “While still in its early stages, Celleste has great promise as a complementary technology to traditional farming practices. Combining Celleste’s technology with our unmatched capability and expertise will push the boundaries of what’s possible in building the cocoa supply chain of the future.”

In addition to being a pivotal innovation for the cocoa industry, Dr. Nitza Kardish, CEO of The Trendlines Agrifood fund, sees Celleste as an example of how to re-build the world’s agricultural system.

“We have yet to feel the full scope and impact of climate change on how we grow and produce the world’s food supply,” says Dr. Kardish. “That is why Trendlines is focused on finding and growing companies like Celleste that are pioneering technologies that can be applied and scaled to many critical crops in the future.”

To learn more about Celleste’s technology, ingredients and impact visit www.celleste-bio.com

About Celleste Bio

Celleste Bio is a cocoa tech company established in 2022 by Co-founder and Chief Technical Officer Hanne Volpin, PhD, Orna Harel, Avishay Levy and Daphna Michaeli, PhD with support from The Trendlines Group. Its mission is to create an economically and environmentally sustainable cocoa supply. Celleste uses a proprietary combination of BioTech, AgTech, and computational AI to produce 100 percent natural cocoa ingredients. For more information visit www.celleste-bio.com.

SOURCE Celleste Bio

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NEW YORK, Dec. 5, 2024 — Sage, the leading operations management platform for senior living, has raised $35 million in Series B funding led by IVP, with participation from Friends & Family Capital and PLUS Capital. Existing investors Maveron, Goldcrest Capital, Distributed Ventures, and ANIMO Ventures also participated.

With hundreds of communities across 26 states already benefiting from Sage’s platform, this funding enables Sage to expand its reach across senior living. As the first cloud-based operations system in the senior living space, Sage allows communities to instantly access actionable data, helping them drive better resident care, optimize staffing, and deliver meaningful insights to improve efficiency and quality of life.

Purpose-built by people who have had experiences with senior living, Sage is uniquely aware of industry-wide challenges such as an 85% turnover rate for senior living caregiving positions. The Sage operating team’s deep ties to the industry ensures that the platform meets the unique needs of caregivers, operators, and families alike, yielding improved outcomes for residents and reducing staff turnover by an average of 20% in communities using Sage.

“At Sage, our goal is to be the operational backbone for all long-term care communities,” says Raj Mehra, Co-Founder and CEO at Sage. “Our platform helps caregivers respond faster—decreasing response times from an average of 20 minutes to under 8 minutes. Those minutes save lives: we helped operators triage 1.3 million care events this year alone. We also provide real-time insights into caregiver activity, which previously wasn’t possible. This operational visibility allows communities to improve staffing and reward exceptional caregivers. Ultimately, Sage helps senior living operators do good and do well, creating thriving environments where both residents and caregivers feel valued.”

This year alone, Sage has launched numerous features that elevate senior living operations, from intuitive caregiver tools enabling accurate, efficient care documentation to real-time insights that power smarter, more proactive operations. Sage is committed to being a trusted innovation partner that empowers senior living providers to meet evolving needs with confidence, equipping operators with the tools and insights needed to achieve success today and prepare for the future.

“Sage is tackling a big challenge as our population ages: easing the growing demands in the understaffed senior living industry. Caregivers and senior living operators rave about Sage because they’re bringing caregiving into the 21^st century, with technology to speed up life-saving care, data to facilitate better operations, and a modern platform that caregivers enjoy using,” says Eric Liaw, General Partner at IVP. “We’re partnering with Sage because this team is making a meaningful difference in the lives of caregivers and residents – and they’re just getting started.”

The $35 million Series B brings Sage’s total capital raised to $59 million, building on the $15 million Series A secured last year. This latest round will support Sage’s team growth, allowing the company to extend its reach to more communities and develop advanced product features. Enhanced by recent breakthroughs in AI, Sage’s data insights will drive life-saving, efficient, and financially impactful improvements across senior living.

Most communities still rely on paper records, post-it notes, and walkie-talkies, which places an added burden on caregivers, especially at the end of long shifts. By automating the data entry process, Sage not only eases caregivers’ workload but also delivers valuable data to senior living community operators that they can use to deliver lifesaving and preventative care while making their communities run more efficiently. “When a community uses Sage, staff retention rises, profits increase, and the quality of care improves,” says Mehra.

Michelle, a caregiver at Waterford at Plymouth, captures Sage’s impact: “With Sage, I can help a resident, click a button, add a quick note, and be done. It’s quick and easy. Before, I’d have to write everything out, often staying late just to finish. Now, if a family member questions their loved one’s care, we can show every instance, like shower times. We can’t forget. This is a game changer, and I wish more communities could experience it.”

About Sage

Sage is reinventing care for older adults and the caregivers who serve them. The industry’s first operations management platform for senior living, Sage replaces outdated infrastructure with modern technology and AI-driven insights that save lives, improve caregiver experiences, and help operators run more efficiently. For more information, visit www.hellosage.com.

SOURCE Sage

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Led by Sapphire Ventures, the round will enable Tractian to drive innovation in Manufacturing AI and expand its reach as the trusted Industrial Copilot.

ATLANTA, Dec. 5, 2024 — Tractian, a leader in Manufacturing AI, secured $120M in Series C funding led by Sapphire Ventures, with participation from General Catalyst, Next47, and NGP Capital. This latest investment solidifies the Atlanta-based company as a key player in the industrial maintenance space.

This funding will accelerate Tractian’s mission to optimize machine performance and ensure unprecedented uptime. As the Industrial Copilot, Tractian stands out by providing integrated hardware and software solutions for industrial asset monitoring, physical operations, and maintenance management, helping companies ensure zero downtime and improve technicians’ productivity.

Tractian addresses an estimated 5% of global industrial GDP. For every $1,000 produced by the world’s factories, $50 is generated in environments that rely on Tractian solutions.

“We see Tractian as a transformative force in the industrial sector, addressing one of the most expensive challenges facing manufacturers today—unplanned downtime—with an AI solution that not only predicts issues, but drives operational ROI,” says Anders Ranum, Partner at Sapphire Ventures. “We’re thrilled to back Igor and the Tractian team, whose commitment to solving this problem stems from Igor’s firsthand experience growing up with a father who worked on a factory floor. We believe this passion makes them well suited to redefine industrial efficiency as we know it.”

Tractian has also earned it a spot as the only manufacturing-focused company on the Forbes AI 50 list, which highlights the most promising artificial intelligence companies globally.

Eliminating Industrial Downtime and Closing a Massive Skills Gap

Industrial maintenance is facing a growing crisis, with unplanned downtime now costing the world’s 500 largest companies 11% of their annual revenues—equivalent to $1.4 trillion (1). Recovery times have worsened dramatically, rising from an average of 49 minutes five years ago to 81 minutes today. This surge is fueled by systemic challenges: COVID has left critical skills gaps, while shifting global supply chains, compounding delays. Adding to the strain, modern equipment breakdowns have become harder to detect and repair.

“With an aging workforce and fewer younger workers entering the field, the gap between human expertise and machine understanding widens. This loss of analog, hands-on knowledge has left industrial operations struggling to maintain efficiency.” says Igor Marinelli, Tractian CEO and co-founder. “There is growing momentum for the reshoring of manufacturing in the U.S., as companies seek to reduce dependencies and build more resilient supply chains.”

Tractian streamlines maintenance and reliability into a cost-efficient, strategic advantage. Addressing downtime’s root causes, Tractian closes the human-to-machine knowledge gap and delivers tailored insights, by combining proprietary models and LLM to cross-examine machine utilization, OEM specifications, and user-specific operational demands.

Tractian continues to drive innovation with a team of 200+ engineers dedicated to R&D across data, software, and hardware. In 2024, the company filed 12 patents, highlighting its commitment to proprietary technologies. Tractian plans to expand its portfolio of patented solutions in 2025 while attracting top-tier talent in engineering, data science, and go-to-market teams.

1. Siemens Research. “The Impact of Downtime on Industrial Productivity.”

About Tractian

Tractian is the Industrial Copilot for manufacturing leaders, with a platform that empowers businesses to prevent unplanned downtime, boost operational efficiency, and enhance maintenance capacity. The company is headquartered in Atlanta, GA, and extends its presence globally with offices in Mexico City and Sao Paulo. Learn more at tractian.com.

About Sapphire

Sapphire is a global software venture capital firm with more than $10 billion in AUM and team members across Austin, London, Menlo Park and San Francisco. For over a decade, Sapphire has partnered with visionary management teams and venture funds to back companies of consequence. Since its founding, Sapphire has invested in more than 170 companies globally resulting in more than 30 Public Listings and 45 acquisitions. The firm’s investment strategies — Sapphire Ventures, Sapphire Partners and Sapphire Sport — are focused on scaling companies and venture funds, elevating them to become category leaders. Sapphire’s Portfolio Growth team of experienced operators delivers a strategic blend of value-add services, tools and resources designed to support portfolio company leaders as they scale.

SOURCE Tractian Technologies Inc

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JFFVentures invests in Besolo to help freelancers and “solopreneurs” manage benefits, reduce taxes, and streamline business operations

BOSTON, Dec. 5, 2024 — JFFVentures, today announced its investment in Besolo from Fund II, a fast-growing startup that simplifies the often time-consuming back-office tasks for the growing population of self-employed workers and “solopreneurs”. Besolo’s platform, which integrates benefits (including healthcare, retirement, life, etc.), tax filings, accounting management, and compliance, generates more than $10,000 in annual tax savings for most of its members.

“The independent workforce is one of the most diverse–and fastest growing–segments of the U.S. economy. And it tends to skew towards younger workers, immigrants, lower-wage workers who have been chronically underserved by traditional back-office technology platforms,” said Yigal Kerzenbaum, managing partner at JFFVentures. “This is about enabling more Americans to achieve economic mobility by growing businesses and achieving success on their own terms. It’s about enabling self-employed workers to focus on their business rather than the back office.”

An estimated 41 million Americans now identify as one-person company owners, including a disproportionate share of immigrant workers. A recent survey found that 81% of these self-employed individuals feel the tax system does not adequately support them, and only 22% know how to maximize deductions and write-offs.

Besolo simplifies tasks like tax management, accounting, government compliance, payroll, and S-Corp formation, but most importantly it acts as a professional employer organization (PEO) — a company that provides full-service human resource outsourcing—for solopreneurs. The PEO structure empowers Besolo to offer its members a full suite of benefits options, including healthcare, retirement, life, supplementary, and pet insurance. In addition to reducing administrative burdens, Besolo helps entrepreneurs optimize financial management and gives the same level of benefit support that most receive from a normal employer. This will make independent work more viable and attractive for a wider range of individuals.

“Our vision is to make self-employment synonymous with independence and opportunity,” said Mark Jackson, CEO and co-founder of Besolo. “Self-employed individuals often face higher taxes, tax strategy complexity, limited access to benefits, and constant administrative hurdles. JFFVentures’ support will allow us to expand our impact and provide more solo entrepreneurs with the tools they need to simplify their work and thrive. We see Besolo as the complete operational foundation for the future of independent work.”

By drawing on the expertise and extensive networks of JFF, a 40 year-old nonprofit focused on driving transformation of the U.S. education and workforce systems, JFFVentures has access to unparalleled market and policy insights to support its portfolio companies. The firm independently operates and is strategically aligned to Jobs For Future, Inc., aims to provide competitive financial returns while doubling down on impact targets. Its investment in Besolo, the latest in its Fund II, comes on the heels of an investment in PACE.AI, an AI tool designed to help immigrants improve their English to speak more confidently at work.

Everywhere Ventures, New Stack Ventures and Service Provider Capital also participated in the round.

To learn more about Besolo.io visit here

About Besolo
Besolo is a future-of-work company fixing self-employment for businesses-of-one. Besolo is both the framework and the platform for access to benefits, maximizing tax savings, and drastically simplifying admin for self-employed solo professionals, who make up 84% of all small businesses in the USA. For more information, visit https://www.besolo.io/

About JFFVentures
JFFVentures is the nation’s leading early stage impact venture fund focused exclusively on next-generation HR, education, workforce and wraparound solutions with the potential to improve economic mobility for low-income workers.Learn more at https://www.jff.org/work/jff-ventures

SOURCE JFFVentures

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Funding will be used to fuel nationwide expansion, product innovation and member experience, beginning with new clinic locations in Silicon Valley, Miami, and Texas

NEW YORK, Dec. 5, 2024 — Sollis Health, the first concierge medicine provider to offer its members 24/7 access to ER-level diagnostics and capabilities, today announced the completion of a $33 million Series B funding round, led by Foresite Capital with participation from Torch Capital, Montage Ventures, Friedom Partners, Read Capital, and One Eight Capital, among others. This new investment will accelerate Sollis Health’s mission to provide unparalleled personalized care through product and service innovations, while expanding access to new markets to meet increasing demand across the U.S.

As the first and only urgent and emergency concierge care provider, Sollis Health offers an innovative membership model that eliminates wait times and the complexities often associated with conventional healthcare. The company currently has state-of-the-art centers in New York, the Hamptons, Los Angeles, San Francisco, and South Florida.

Since Sollis raised its Series A round in 2021, the company has grown its membership by over 3x and is now in a unique position to expand its portfolio of services to meet the needs of new and existing customer segments in even more markets. This funding will be used to scale operations nationwide to meet this growing demand for 24/7 concierge partnership towards the resolution of any urgent or emergency issue. 

“Sollis has demonstrated an unwavering commitment to delivering high-quality, empathic care for their members at a time when so much of our industry lacks that personalized approach,” said Stephen Peterson, Partner at Foresite Capital. “This investment reflects our confidence in their vision and our belief in the potential for Sollis to drive meaningful change in how people of all ages experience care.”

“We are thrilled to welcome Foresite Capital to our board,” said Brad Olson, CEO of Sollis Health. “This investment will allow us to accelerate expansion and to offer new, innovative services to our members, providing the immediate, seamless, and personalized care they deserve – 24 hours a day, 365 days a year – for any issue that feels urgent to them.”

Funding from this round of investment will help Sollis Health continue to innovate on its core offering after earlier this year rolling out a Family membership tier nationwide and a Family+ membership in Los Angeles (which includes concierge pediatrics alongside the core urgent and emergency care offering). This investment will also allow Sollis to build proprietary technology that enhances its high touch member experience, as well as expand its footprint – with a new flagship in Texas, as well as new centers in Miami and Silicon Valley – and to further cement its position as the premier destination for on-demand medical care.

To learn more about Sollis Health and its membership tiers, visit www.sollishealth.com.

About Sollis Health:
Sollis Health is the only medical membership on-demand 24/7, 365. Having a Sollis membership is like having a doctor in the family: we strive to be your first call and greatest partner through any medical concern.

We work to expedite your path to treatment with unlimited access to our world-class ER-trained physicians and leading specialists, plus onsite advanced imaging and diagnostic capability (on par with a hospital ER). We have centers in New York, the Hamptons, Los Angeles, San Francisco, and South Florida, and are on-demand 24/7, 365 days a year for in-person and telehealth appointments: that’s anytime, anywhere – because when you’re not feeling well, it’s an emergency for us.

Sollis’ clinical practice is guided by the expertise of our National Medical Director, Dr. Scott Braunstein, who has over 20 years of experience leading Internal and Emergency Medicine at Cedars Sinai and UCLA, respectively. Dr. Braunstein was formerly the Airway Management Physician for the LA Rams, and has contributed to countless publications on the practice of Emergency Medicine. Each Sollis region also has a supporting regional medical director, including Dr. Erick Eiting, MD, MPH, MMM, in New York, who just recently joined Sollis Health from his post as a Professor of Emergency Medicine and Vice Chair of Operations for Emergency Medicine at Mount Sinai Downtown, which includes the Emergency Department at Mount Sinai Beth Israel and the Urgent Care Center at Mount Sinai Union Square in New York City.

About Foresite Capital:
Foresite Capital is a multi-stage healthcare and life sciences investment firm with more than $3.5 billion in assets under management. The firm aims to address areas of unmet medical need by funding promising healthcare and life sciences businesses at all stages of their life cycles. Founded in 2011, Foresite Capital is based in the San Francisco Bay Area, Los Angeles, and New York City. For more information, please visit www.foresitecapital.com.

Press Contact:

Kathryn White, [email protected]

SOURCE Sollis Health

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PHOENIX, Dec. 5, 2024 — Trinity Capital Inc. (NASDAQ: TRIN) (“Trinity”), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $20 million in growth capital to Steno, a tech-enabled provider of legal support and court reporting services.

Steno provides tech-based tools and solutions meant to streamline the litigation process, including court-reporting services, remote deposition software, deferred payment options, and custom legal technology. Founded by a trial attorney, a computer engineer, and an entrepreneur, Steno aims to help attorneys overcome the technological and financial hurdles of existing legal processes.

“Steno’s comprehensive product suite and bespoke solutions are aimed at modernizing the legal industry, striving to making the litigation process simpler and more efficient for attorneys,” said Bob D’Acquisto, Managing Director, Tech Lending at Trinity. “We are proud to partner with Steno as the company expands its reach and enhances its product offerings.”

This new growth capital formed part of Steno’s $46 million fundraise in May of 2024, and will enable Steno to continue scaling its business.

“We’re thrilled to partner with Trinity Capital to fuel our next phase of growth,” said Steno CEO Greg Hong. “With their investment, we’ll continue to push the boundaries of innovation and deliver cutting-edge solutions like Transcript Genius. Building on our 119% year-over-year growth, we’re excited about the future.”

About Trinity Capital Inc.

Trinity Capital Inc. (Nasdaq: TRIN), an internally managed business development company, is a leading provider of diversified financial solutions to growth-stage companies with institutional equity investors. Trinity Capital’s investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans and equipment financings and equity-related investments. Trinity Capital believes it is one of only a select group of specialty lenders that has the depth of knowledge, experience and track record in lending to growth stage companies. For more information, please visit the Company’s website at www.trinitycap.com.

About Steno

Founded on the simple idea that deposition services shouldn’t be an obstacle when trying to win a case, Steno is at the forefront of the court reporting and legal technology industries. Steno focuses on providing attorneys with innovative tools and options that overcome the technological and financial hurdles that arise when proving a case. As a partner in the pursuit of justice, Steno understands the unique challenges faced by legal professionals and is committed to delivering practical, impactful solutions.

To learn more about Steno or to request information about its services, visit www.steno.com‍.   

SOURCE Trinity Capital Inc.

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