MINNEAPOLIS, Dec. 4, 2024 — Saltbox Mgmt, a leader in Salesforce-based B2B and D2C digital commerce and order management, today announced the successful closure of its latest funding round. Led by Salesforce Ventures with follow-on investment from Traction Capital, this investment marks a pivotal moment for Saltbox Mgmt, positioning the company to accelerate growth and deepen its impact across the Salesforce ecosystem.
“This funding represents a significant milestone for Saltbox Mgmt,” said David Blue, Founder & CEO of Saltbox Mgmt. “Having Salesforce Ventures in our corner underscores their confidence in our vision and mission. This will help us get to the future, faster,” Blue continued. “We’re going to use it to accelerate growth, expand our offerings both in services and AI, and extend our reach. Our customers, partners, and employees will all see the benefits as we continue to help our customers use Salesforce to deliver modernized, omni-channel buying experiences.”
Founded in August of 2021, Saltbox Mgmt has quickly established itself as an innovator in the Salesforce partner ecosystem, offering connected Salesforce commerce and Customer360 solutions that help businesses deliver exceptional, omni-channel buyer experiences to their customers. This capital will further fuel Saltbox’s commitment to providing these scalable and future-proof solutions that enable clients to adapt and thrive in the digital and AI age.
With the backing of this new funding, Saltbox Mgmt will focus on expanding its global team, scaling product innovation, growing its Agentforce capabilities, and strengthening its go-to-market efforts. This will help the company continue to deliver value to its growing client base and further establish itself as a premier Salesforce partner.
About Saltbox Mgmt Saltbox is a leading Salesforce consulting and implementation services partner with headquarters in Minneapolis, MN. Saltbox delivers unrivaled cross-platform Salesforce consulting services to customers intent on future-proofing their businesses through digital transformation. With a combined 150+ years of experience working intimately with Salesforce products, people, and ecosystems, Saltbox is uniquely positioned to help teams deploy beautiful, architecturally-sound solutions that are easy to manage, built for scale, and positioned to set up our customers for long-term success. Best known for its Commerce Cloud and Order Management expertise and success, Saltbox helps customers build solutions that solve challenges throughout the entire revenue lifecycle and across all Salesforce products, including Service Cloud, Sales Cloud, Experience Cloud, and Marketing Cloud.
SOURCE Saltbox Mgmt
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Torram gains Blockchain Founders Fund’s backing to drive fintech innovation and unlock Bitcoin‘s full potential for institutional DeFi.
TORONTO, Dec. 4, 2024 — Torram is excited to introduce one of its landmark early backers: Blockchain Founders Fund (BFF), a renowned supporter of groundbreaking blockchain ventures. This collaboration supercharges Torram’s mission to unlock Bitcoin‘s full potential as the foundation for institutional-grade decentralized finance (DeFi) natively on Bitcoin.
Torram is setting the stage for the next generation of fintech innovation and receives financial backing from Blockchain Founders Fund.
Recognized globally for catalyzing high-impact blockchain and Web3 ventures, BFF brings a vast strategic network and hands-on expertise to Torram. This collaboration is set to boost Torram’s development of secure, scalable Bitcoin-native infrastructure that bridges the gap between traditional finance (TradFi) and DeFi.
“Blockchain Founders Fund’s investment in Torram validates our thesis that the BitcoinDeFi ecosystem will be the largest DeFi ecosystem in the world if we build the right infrastructure,” said Vakeesan Mahalingam, CEO of Torram. “With their experience and network, we are ready not just to disrupt—but redefine—what’s possible for institutional finance on Bitcoin.”
Aly Madhavji, Managing Partner at BFF, added:
“Through secure on-chain data indexing and decentralized oracle networks, Torram is unlocking Bitcoin‘s untapped potential by creating the infrastructure institutions need to efficiently access decentralized finance. Their work is setting a new benchmark for how Bitcoin can power institutional-grade solutions, and we’re thrilled to support their journey in shaping the future of finance.”
BFF has a storied track record of empowering blockchain startups that break barriers and reshape industries. As a strategic partner, BFF will amplify Torram’s ability to make Bitcoin the go-to network for secure, institutional financial solutions, ensuring that Torram stays at the forefront of the BitcoinDeFi revolution.
Riding the Wave of Institutional Adoption
This partnership is pivotal in Bitcoin‘s evolution, with growing institutional demand for decentralized solutions. Torram’s innovative toolkit aims to harness Bitcoin‘s untapped potential to create financial systems built for the future, unlocking trillions in value natively on Bitcoin.
As the Bitcoin ecosystem matures, Torram’s visionary approach is attracting the attention of leading investors eager to capitalize on the next era of the financial industry. Torram welcomes visionary Bitcoin ecosystem partners to join its mission of building the next generation of finance on Bitcoin.
Visit torram.XYZ for early investment opportunities or to learn more about how Torram is positioning itself to lead the DeFi revolution.
About Torram
Torram is building the foundational infrastructure that enables institutional-grade DeFi and real-world asset tokenization natively on Bitcoin. Torram empowers financial institutions to leverage Bitcoin‘s
unmatched security, transparency, and $880 billion of global liquidity through its decentralized oracle network, on-chain data indexing, and institutional-grade solutions.
About Blockchain Founders Fund
Blockchain Founders Fund (BFF) is a leading venture capital firm accelerating blockchain technology and Web3 adoption. Known for its hands-on approach, BFF provides startups with capital, mentorship, and strategic insight. Its portfolio features some of the blockchain sector’s most promising projects, reflecting its commitment to empowering the next wave of decentralized innovation.
This press release contains forward-looking statements. Actual results may differ materially due to various factors. This is not an offer to sell or a solicitation to buy any securities.
The information does not constitute legal, financial, or investment advice. Readers should conduct their own research and consult with professional advisors before making any investment decisions or entering into any agreements. Torram does not guarantee any specific outcomes or returns on investment.
Torram and Blockchain Founders Fund are not responsible for any actions taken based on this communication.
SOURCE Torram
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Investment Will be Leveraged to Revolutionize Bitcoin with Trust-Minimized and ZK Infrastructure Solutions
SINGAPORE, Dec. 4, 2024 — Fiamma, a Bitcoin and ZK infrastructure company transforming Bitcoin into a dynamic and programmable asset, today announced an oversubscribed $4M seed round investment led by Lightspeed Faction and L2IV. Additional participating investors include Astera Ventures, Contribution Capital, Sat Ventures, Chapter One, and FoundersHead. The investment also includes participation from key strategic investors in the Bitcoin infrastructure space, such as BOB (Build on Bitcoin), alongside various angel investors such as the founders of Satlayer and Daedalus.
The company plans to utilize this investment to scale Fiamma’s operations, accelerate product development, and drive adoption of its foundational technologies; Fiamma Bridge, the first trust-minimized Bitcoin bridge, and Fiamma Layer, the first ZK verification layer on Bitcoin powered by BitVM2.
Yovela Luo, co-founder and CEO of Fiamma, states: “Bitcoin is one of the world’s most valuable assets, yet over 98% of it remains idle. At Fiamma, we’re activating this dormant asset, utilizing it in the most trustless and secure manner. This ushers in a Bitcoin renaissance, seamlessly weaving it into everyday life.”
Fiamma’s innovations represent the first implementations of BitVM2, a breakthrough that enables Bitcoin to not only scale but also interact with other programmable blockchains in the most trustless way. The company pioneered the development and implementation of the most efficient and smallest verifiers in Bitcoin script (Fflonk and Groth16). This innovation lays the groundwork for highly optimized ZK verification, with a continued commitment to advancing and refining these verifiers.
Cyimon Chen, co-founder and CTO of Fiamma, remarks: “With seven years as a ZK enthusiast and inspired by the BitVM paper, we quickly harnessed our expertise to develop the first functional ZK verifiers for Bitcoin.”
Bitcoin‘s unmatched security and decentralized nature have long been underutilized for real-world applications. Fiamma’s groundbreaking technology unlocks Bitcoin‘s potential to power programmable financial systems, including but not limited to stablecoins, payments, lending platforms, decentralized applications, pragmatically trustless cross-chain interoperability, DeFi protocols, and other innovative use cases—all while maintaining a trust-minimized and secure architecture.
As part of a broader ecosystem effort, Fiamma is working closely with strategic partners including the ones in the ZK and Bitcoin space. These collaborations will accelerate innovation and adoption while positioning Bitcoin as the backbone of the decentralized internet and financial systems. To celebrate this milestone, Fiamma is launching The Mama Code testnet campaign, inviting users to engage with the Fiamma Bridge and explore its innovative capabilities. Early adopters can participate and earn rewards.
Investor Quotes
Clara Boh at Lightspeed Faction, said “trustless bridging infrastructure is needed to maximize the utility and functionality of Bitcoin. Fiamma’s implementation of BitVM2 via its Bitcoin-secured ZK proof verification network paves the way for trustless bridging, scalability and Bitcoin-native applications. We are excited to support the Fiamma team as they strive to refine new opportunities for the Bitcoin ecosystem.”
Kevin Lee and Weikeng Chen at L2IV, added “Fiamma represents a groundbreaking step forward in bringing additional functionality to Bitcoin. Its unique architectural design seamlessly integrates advanced off-chain computation and verification through BitVM2, unlocking programmability and scalability without compromising Bitcoin‘s core security and decentralization principles. By leveraging this innovative framework, Fiamma enables features such as trustless smart contracts and composable DeFi, previously thought unattainable on Bitcoin.
The introduction of BitVM2 is particularly transformative—it pushes the boundaries of Bitcoin‘s scripting capabilities, allowing for more expressive and flexible execution of decentralized applications. This not only enhances the utility of Bitcoin but also redefines its role within the broader blockchain ecosystem. At L2 Iterative Ventures, we are proud to lead this financing round, recognizing Fiamma as a catalyst for innovation and a pivotal force in reshaping Bitcoin‘s future. Their solution positions Bitcoin as a true hub for decentralized applications, making it a cornerstone for the next wave of blockchain adoption.”
About Fiamma Fiamma is unlocking real-world use cases for Bitcoin, transforming it into a dynamic asset and the foundation for a decentralized internet and financial system. Backed by Lightspeed Faction and L2IV, Fiamma leads innovation with the Fiamma Bridge and Fiamma Layer, the first products to implement BitVM2. These foundational technologies are just the beginning, as Fiamma continues to develop protocols that expand Bitcoin‘s potential across programmable blockchains and real-world applications.
SAN FRANCISCO, Dec. 4, 2024 — HappyRobot, a pioneer in AI-powered voice solutions for the logistics sector, today announced it has secured $15.6 million in Series A funding. The round was led by Andreessen Horowitz (a16z), with participation from Y Combinator and strategic industry investors, including RyderVentures. This latest funding follows an earlier, previously undisclosed, pre-seed round raised 1.5 years ago, backed by Array Ventures and other angel investors.
HappyRobot co-founders – Luis Paarup – CTO (L), Javier Palafox – COO (M), Pablo Palafox – CEO (R)
HappyRobot co-founders – Pablo Palafox – CEO (L), Javier Palafox – COO (R)
HappyRobot’s conversational AI platform uses agentic AI to simplify logistics operations, with an initial focus on the complex communication needs of freight brokerage. Agentic AI refers to AI systems that can autonomously make decisions and take actions to achieve specific goals, adapting their behavior based on their environment and experiences. It goes beyond simple task execution by exhibiting a degree of initiative and goal-directed behavior. By automating tasks like inbound and outbound calls, carrier negotiations, and data capture, HappyRobot enables brokers to significantly enhance efficiency and capacity, improve margins, and free up human agents to focus on higher-value activities.
HappyRobot’s platform is already delivering significant value to customers, with AI agents reducing call times by half and cutting operational costs by a third. “By August, we’d completed over 100,000 AI-driven calls using HappyRobot and expect to do ten times that amount next year,” said Andrew Smith, SVP at Circle Logistics. “Using HappyRobot’s agentic AI, 100% of calls were answered 24/7 with no hold time and our staff are using phones to do higher value work like build relationships rather than just to exchange data.”
The freight brokerage industry, a critical component of the $9.4 trillion[1] global logistics market, faces ongoing challenges including pricing volatility, capacity constraints, and rising operating costs. HappyRobot’s AI-powered voice agents address these pain points by enabling 24/7 operational support, reducing human error, and empowering brokers to scale their operations effectively. Additional customers include Flexport, Job&Talent, Spot Inc., Syfan Logistics, Best Bay Logistics, and others.
“Our mission is to redefine the economics of the freight industry by harnessing the power of agentic AI,” said Pablo Palafox, HappyRobot’s co-founder and CEO. “This funding will enable us to accelerate product development, expand and support our customer base, and ultimately transform how logistics businesses operate.”
“Today, the logistics industry underpinning our global economy is stretched. As a key part of the ecosystem, even small to midsize freight brokers can make and receive hundreds, if not thousands, of calls per day – and hiring for this job is increasingly difficult,” said Anish Acharya, general partner at a16z. “By providing customers with autonomous decision making, HappyRobot’s agentic AI platform helps these brokers operate more reliably and efficiently.”
About HappyRobot HappyRobot is a leading provider of agentic AI for logistics, empowering teams to manage communication at scale and redefining the economics of the industry. It enables freight brokers, third-party logistics providers (3PLs), warehouses, and other supply chain businesses to scale operations, automate data exchange, and enhance efficiency through customizable AI-powered workflows. HappyRobot streamlines inbound and outbound call management, automating load updates, scheduling, payment status inquiries, and carrier negotiations. Seamlessly integrating with existing systems, HappyRobot provides supply chain companies with real-time analytics, intent detection, and 24/7 operational support to optimize capacity, increase productivity, and improve service quality. For more information, please visitwww.happyrobot.ai.
Media Contacts:
Nick Morris Bambusa Communications [email protected] +44 (0)777 553 1593
NEW YORK, Dec. 4, 2024 — Rosy Soil, a sustainable soil company created to offset the negative environmental impact of producing traditional peat-based potting mixes announces the closing of a $3.6 million seed round. The funding will fuel the company’s mission to transform the horticulture industry by creating high-performance soils that capture CO2.
Courtesy of Rosy Soil
Founded in 2022, Rosy Soil has rapidly expanded its reach, scaling direct-to-consumer, and partnering with major retailers like Target, as well as hundreds of independent plant shops and nurseries across the United States. The company’s innovative approach to soil science has garnered significant attention, with a dedicated team of researchers, PhD advisors, and an in-house soil lab conducting hundreds of plant trials.
With the new funding, Rosy Soil will accelerate its product development efforts, expand its retail footprint, and grow its team of talented individuals. Rosy Soil’s investors include Draper Associates, Superorganism, Climate Capital, and Boost VC. Rosy Soil is also backed by Seth Goldman, co-founder of Honest Tea, Brandin Cohen, founder of LiquidIV and Ben Chesler, co-founder of Imperfect Foods.
Peat extraction is a destructive process contributing to climate change and habitat loss. Rosy Soil’s alternative to peat-based soil mixes is biochar,a carbon negative charcoal-like substance created through pyrolysis which enhances plant growth and performance.
Biochar-based soils offer numerous benefits like improved soil health, enhanced plant growth. By replacing peat with biochar, Rosy Soil is able to sequester CO2, mitigating climate change and making it carbon negative.
“We’re thrilled to announce this significant funding round, which will allow us to scale our operations and bring our sustainable soil solutions to a wider audience,” said Chad Massura, Founder of Rosy Soil. “By using the power of biochar, we can create healthier plants, healthier soil, and a healthier planet.”
ABOUT ROSY SOIL
Rosy Soil is a sustainable soil company dedicated to revolutionizing the gardening industry. Their high performing soils, powered by biochar, promote plant health, reduce environmental impact and are perfect for a variety of plants including houseplants, cacti, succulents, and seedlings. Available online, at Target, and at select retailers nationwide, Rosy Soil is committed to empowering gardeners to cultivate a greener future.
Lead Investor Dohmen Company Foundation and Existing Investors to Support ModifyHealth’s Growth and Tech Initiatives
ATLANTA, Dec. 4, 2024 — ModifyHealth™, a leading, nationwide food-as-medicine platform and provider of medically tailored meals and nutritional counseling, today announced the closing of a $13.5 million Series C funding round led by the Dohmen Company Foundation (DCF) through its Dohmen Impact Investment Fund. With a shared vision to eliminate diet-related disease, Dohmen and ModifyHealth are united in their commitment to scaling innovative food-as-medicine solutions that drive meaningful and sustainable health improvement. Joining DCF in this round are existing ModifyHealth investors, RC Capital (RCC) and Nashville Capital Network (NCN), underscoring strong ongoing support for the company’s mission and growth.
The new funding will enable ModifyHealth to accelerate key growth initiatives, implement technology advancements, and enhance operations – all aimed at increasing accessibility and delivering life-changing food-as-medicine solutions. This support will allow ModifyHealth to broaden its reach and expand its role in addressing chronic disease through innovative, nutrition-based management solutions.
“Dohmen Company Foundation is pleased to welcome ModifyHealth as our newest partner in the fight against diet-related disease,” said Rachel Roller, President and CEO of the Dohmen Company Foundation. “ModifyHealth’s commitment to making food-as-medicine simple, accessible, and sustainable aligns seamlessly with our mission. Together, we’re not only expanding access to nutrition solutions but also empowering individuals to take control of their health. This partnership bridges the gap between knowing and doing, making healthy eating a sustainable reality for more people nationwide.”
“When Dohmen Company Foundation first showed interest in partnering with ModifyHealth, I was immediately struck by how closely our missions align. This partnership represents a significant milestone in our goal to make telenutrition and medically tailored meal support a standard of care – perfectly complementing their mission to eliminate diet-related diseases,” said GB Pratt, Founder & CEO of ModifyHealth. “This investment, along with additional support from our existing partners, enables us to expand our reach, enhance our technology, and provide more people with the tools they need to manage and improve their health. Together, we’re demonstrating that nutrition can be a powerful tool in managing – and even reversing – chronic conditions.”
ModifyHealth’s turnkey food-as-medicine program, which serves patients through payor, employer, and healthcare system contracts, offers a comprehensive solution for chronic conditions such as type 2 diabetes, hypertension, kidney disease, obesity, and irritable bowel syndrome. Beyond the provision of medically tailored meals, ModifyHealth offers live nutrition coaching and digitally enabled education, providing individuals with the knowledge and convenient support needed to make lasting health changes. ModifyHealth’s customizable meal plans, including Low-FODMAP, Mediterranean, and gluten-free options among others, are carefully crafted to support the management of various health conditions, and aimed at making dietary changes practical and effective.
About ModifyHealth ModifyHealth changes lives by making food as medicine simple, effective, and enjoyable for providers and patients. Along with home-delivered Low FODMAP, gluten-free, Mediterranean, plant based, and low sodium meals, ModifyHealth provides dietitian support, remote patient monitoring, and education to ensure sustained benefits. ModifyHealth’s turnkey programs improve outcomes and cost for chronic conditions such as diabetes, heart disease, kidney disease, irritable bowel syndrome (IBS) and related issues where dietary management is a recommended treatment. ModifyHealth partners with providers, payors, employers, and patients to make adopting healthier diets and lifestyles a reality. For more information, please visit modifyhealth.com.
About the Dohmen Company Foundation With more than 165 years of healthcare experience, Dohmen has found a way to combine the rigor of business with the heart of philanthropy. After exiting the life science industry in 2018, Dohmen shareholders transformed the multi-generational family-owned business to a private foundation. Today, the Dohmen Company Foundation advances its vision of life without diet-related disease in three powerful ways: via its investment fund focused on accelerating the growth of for-profit social businesses with proven food solutions that improve human health, via traditional grant making dedicated to increasing the impact of charitable organizations aligned with our vision, and through public awareness of the surging rates of diet-related disease that threaten our national wellbeing. For more information, please visit dohmencompanyfoundation.org.
About RC Capital RC Capital (RCC) is a growth equity firm building high-potential healthcare companies by leveraging the unique interplay of our segments of focus: medical device, healthcare services and healthcare IT. We are dedicated to investing on the right side of healthcare, partnering with companies to empower sustainable change. We seek to be a business partner first and a capital provider second, investing significant human capital to leverage our domain expertise, a network of healthcare thought leaders and deep relationships with health systems assembled over our 30-year history. For more information on RCC, please visit rccapital.com.
About Nashville Capital Network Nashville Capital Network (NCN) is a venture capital firm that provides acceleration capital to seed and early-stage technology and healthcare companies. NCN leverages its partnership of successful founders and executives to identify, evaluate, and accelerate the success of high growth companies. NCN has supported 62 companies over 20+ years and currently has $200 million under management. For more information on NCN, please visit nashvillecapital.com.
Investment Round, led by Israel Growth Partners, Validates D-Fend’s Disruptive Position at the Convergence of Defense Technology, Drones, Cyber, and AI
RA’ANANA, Israel and MCLEAN, Va., Dec. 4, 2024 — D-Fend Solutions, the leader in field-proven radio frequency (RF) cyber-based, non-kinetic, non-jamming, counter-drone – takeover technology, announced today that it has secured $31M in the initial closing of a new investment round. The round was led by Israel Growth Partners (IGP), with participation from existing investor Vertex Ventures and new investor Vertex Growth. This funding underscores the critical role of D-Fend’s proven innovations in enabling full control, safety, and continuity for security agencies in multiple sectors, while acting against continually rising rogue drone incidents across complex and sensitive environments. With this investment round, IGP General Partner Uri Erde join’s D-Fend’s Board of Directors, joining existing investor board members Yoram Oron of Vertex Ventures and Rami Hadar of Claridge Israel.
The funding will enable D-Fend to solidify its technological leadership and capabilities, expand its market reach into new territories and sectors, and advance its ability to tackle new and evolving drone risks. The funding round comes on the heels of strong continuous year-over-year revenue growth of over 60% and diverse and balanced expansion across geographies, sectors, and use cases. D-Fend’s global installed base has now reached nearly 30 countries, including Five Eyes (FVEY) alliance, G7 and major NATO member states. This investment will further support efforts to address constantly changing threats, penetrate additional market segments, integrate with more partners and technologies, and establish a stronger global presence for the company.
“This funding is a testament to the trust our investors have in our vision, technology, growth, brand, and customer base,” said Zohar Halachmi, CEO and Chairman of D-Fend Solutions. “The growing size, scope, and complexity of rogue drone threats demands advanced, precise, and reliable solutions. This investment will enable us to continue innovating and expanding our capabilities, ensuring we remain at the forefront of counter-drone technology, while delivering unparalleled control, safety and, uniquely, operational continuity to our global defense, homeland security, law enforcement, airport, and critical infrastructure customers.”
The investment follows an in-depth evaluation by IGP, who had previously been the sole institutional investor in Cellebrite (NASDAQ: CLBT), the global leader in digital investigation solutions for public safety and security agencies, prior to its IPO. IGP views D-Fend as a pioneering disruptor operating alongside some of the world’s largest aerospace and defense companies. By providing its solution to the most demanding security agencies, D-Fend stands out for its groundbreaking RF cyber-takeover technology, and its ability to deliver unparalleled safety and operational continuity.
“D-Fend Solutions fits the profile and model which we find very attractive—a category creating company that develops and deploys deep and defensible technology to address threats posed by the mass proliferation of beneficial but also potentially dangerous devices and products, in this case drones,” said Uri Erde, General Partner of Israel Growth Partners. “Their innovative approach to counter-drone security, drawing upon a multi-disciplinary approach crossing air defense, electronic warfare and cybersecurity domains, combined with their reputation and proven ability to deliver and meet the needs of militaries, homeland security, and law enforcement agencies, positions them as a market leader in safeguarding sensitive environments against rapidly rising drone threats.”
D-Fend’s flagship technology, EnforceAir, employs RF cyber-takeover techniques to safely neutralize rogue drones without collateral damage or operational disruption in a highly controlled and surgical manner. Recognized by Booz Allen Hamilton as an innovator for its cyber takeover effector within the top emerging defense and security technology of non-kinetic counter-UAS, D-Fend Solutions has led cyber-takeover as a distinct and essential technology category within this space. Deployed on a massive scale and hailed by defense establishments as a success, EnforceAir protects sensitive environments—including military zones, airports, critical infrastructure, prisons, and public events—ensuring operational continuity and safety in even the most challenging scenarios.
About D-Fend Solutions
D-Fend Solutions is the leading counter-drone, cyber-takeover technology provider, enabling full control, safety, and continuity during rogue drone incidents across complex and sensitive environments to overcome both current and emerging drone threats. With thousands of successful deployments performed worldwide, in the most challenging real-life scenarios and for the most demanding end users, EnforceAir, the company’s core offering, focuses on the most dangerous drone threats in military, public safety, airport, prison, major event, critical infrastructure, and other environments. D-Fend Solutions’ technology has been chosen as best-in-class and is deployed by top-tier U.S. government agencies – including with U.S. military, federal law enforcement, and homeland security – as well as major international airports globally. EnforceAir autonomously executes RF cyber-takeovers of rogue drones for safe landings and controlled outcomes, ensuring the smooth flow of communications, commerce, transportation, and everyday life.
About Israel Growth Partners:
Israel Growth Partners (IGP) is a technology growth fund, empowering exceptional tech companies at growth stage and supporting strong management teams as they strive to build large global companies and become category leaders. We provide our companies with growth capital, strategic guidance, and firsthand experience – all aimed towards accelerated growth and successful partnership.
Hardware-Anchored Security for Accelerated Computing in the New Era of AI Data Centers
SAN JOSE, Calif., Dec. 4, 2024 — Axiado Corporation, a pioneer in hardware anchored platform security today announced it successfully raised $60 million in an oversubscribed Series C funding round, led by Maverick Silicon with participation from Samsung Catalyst Fund, Atreides Management, and Crosslink Capital. This investment will fuel the company’s rapid growth and continued innovation in AI-driven cybersecurity technologies that are redefining platform security and energy efficiency for accelerated computing in AI data centers.
Axiado’s Trusted Control/Compute Unit (TCU) addresses some of the most pressing challenges in platform security for accelerated computing and AI data center power efficiency. According to the FBI’s Internet Crime Complaint Center (IC3) 2023 annual report the cost of reported cybercrime in the U.S. jumped 22% last year to more than $12.5 billion. Forrester’s recently published 2025 Predictions report for Cybersecurity, Risk, and Privacy projects cybercrime costs to reach multiple trillions globally by 2025. With the escalating frequency of ransomware attacks – more than 2,500 incidents were reported in the first half of 2024 alone, averaging more than 14 publicly claimed attacks daily. The need for robust platform cybersecurity has never been more critical.
Axiado’s AI-driven, hardware-anchored TCU solution provides pre-emptive threat detection and real-time mitigation to combat these escalating digital threats. Additionally, AMD projects the AI data center accelerator market to grow more than 60% annually, reaching $500 billion by 2028. Axiado’s approach to platform security is essential for safeguarding the expanding data center infrastructure as AI technologies permeate cloud computing, data centers, networking, and storage.
Beyond platform security, Axiado’s Dynamic Thermal Management (DTM) solution, embedded within the TCU, is designed to meet the power efficiency demands of AI data centers. Leveraging on-chip AI cores, Axiado’s DTM solution optimizes thermal management by predicting and adjusting cooling requirements—whether air-cooled or liquid-cooled—based on real-time data. This approach radically improves energy efficiency of AI servers and accelerates the move toward carbon-neutral data centers through secure, sustainable thermal management.
“The oversubscription of our Series C funding strongly endorses the industry’s recognition of the need for an innovative, hardware-anchored, and AI-driven platform security solution for accelerated computing,” said Gopi Sirineni, CEO of Axiado. “This investment reflects the confidence our investors have in Axiado’s approach to platform security, management, and data center net-zero goals and reinforces our commitment to delivering solutions that address some of the most urgent challenges in today’s digital infrastructure.”
Axiado’s comprehensive platform security portfolio empowers IT professionals and chief information security officers (CISOs) to deliver proactive, real-time protection for accelerated computing platforms. The flagship TCU solution integrates key infrastructure security and management functions into a system-on-chip (SoC), providing essential compute, networking, and accelerator integration. These solutions are designed to detect, quarantine, and protect systems against breaches, vulnerabilities, and attacks as they occur directly in hardware.
Axiado will use the Series C funding to drive continued innovation, strengthen strategic partnerships with leading platform vendors like NVIDIA, AMD, Intel, and Arm, and accelerate go-to-market initiatives with OEM and ODM partners to drive Axiado solutions into the data centers. Recent company milestones include doubling Axiado’s headcount in Taiwan and India, expanding the San Jose team by 30%, and opening a new office in India to support continued growth.
“We see a significant need in the market for innovative, hardware-anchored cybersecurity solutions, especially as the demand for secure and energy-efficient AI infrastructure continues to grow,” said Andrew Homan, Managing Partner at Maverick Silicon. “We are excited to support Axiado’s mission to address these critical challenges and drive the future of AI data center platform management and security”.
“As AI and accelerated computing transform data center demands, it’s crucial to integrate hardware-anchored security that adapts to high-performance infrastructures,” said Marco Chisari, Executive Vice President, Head of Samsung Semiconductor Innovation Center at Samsung Electronics. “We are excited to support Axiado and their AI-driven TCU technology, which has the potential to set new standards in platform security in the age of accelerated computing with AI.”
“Congratulations to Axiado on their successful Series C funding, one validation to the market’s demand for robust, hardware-anchored security in today’s AI-driven and hyperscale environments,” said Patrick Moorhead, Founder, CEO, and Chief Analyst at Moor Insights & Strategy. “Axiado’s TCU technology is differentiated, embedding AI-driven, zero-trust security directly into the silicon to confront ransomware and advanced threats in real time. As digital infrastructure scales and accelerated computing evolves, Axiado is leading standards for security, resilience, and innovation in the industry.”
About Axiado
Axiado is a leading hardware-anchored platform security solutions company deploying a novel, AI-driven approach to platform security against ransomware, supply chain, side-channel and other cyberattacks in the growing ecosystem of cloud data centers, 5G networks and other disaggregated compute networks. The company offers a new processor called the trusted control/compute unit (TCU) that redefines security from the ground-up: it’s hardware-anchored and AI-driven security technologies include Secure Vault root-of-trust/cryptography core and per-platform Secure AI pre-emptive threat detection engine. For more information, go to axiado.com or follow us on LinkedIn.
About Maverick Silicon
Maverick Silicon is a newly launched division of Maverick Capital focused exclusively on the semiconductor and computing infrastructure sector. Maverick Capital is an investment adviser founded by Lee S. Ainslie III with over thirty years of operating history.
SOURCE Axiado
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DENVER, Dec. 4, 2024 — TodayCleerly, a leader in advanced cardiovascular imaging, announced the successful closure of its Series C extension funding round, raising a total of $106 million. This funding round was led by global software investorInsight Partners and joined by Battery Ventures with participation from pre-existing investors. With this new funding, Cleerly will continue to scale its commercial growth and clinical evidence generation, helping health care professionals improve outcomes for patients across the coronary care pathway.
Cleerly is dedicated to creating a new standard of care for heart disease by utilizing FDA-cleared solutions powered by artificial intelligence. The company’s advanced non-invasive computed tomography (CT) imaging technology enables comprehensive phenotyping of coronary artery disease, grounded in scientific research based on millions of medical images.
James K. Min, MD, Founder and CEO of Cleerly, expressed his enthusiasm about the financing, stating, “We are thrilled to receive this investment from Insight Partners, marking a significant milestone for Cleerly. This funding will allow us to expand our commercial reach, which is especially germane following our recent achievements in attaining Medicare coverage and a CPT Category I code for advanced plaque analysis. We are very excited to see our purpose-driven mission come to life, making advanced cardiac care accessible to more patients and working towards our goal of eliminating heart attacks.”
“We are excited to support Cleerly in its mission to revolutionize cardiac care,” said Scott Barclay, Managing Director at Insight Partners. “Cleerly’s pioneering approach to advanced cardiovascular imaging, powered by AI-driven analysis, is elevating the field of diagnostic tools for coronary artery disease. With this investment, we look forward to helping Cleerly expand its reach and impact, bringing this potentially life-saving innovation to more patients and health systems nationally. We’re proud to be a part of Cleerly’s journey. As we’ve seen with their recent Medicare and CPT I code approvals, this technology is both valuable and ready today in the fight against heart disease.”
Barclay continued, “Cardiovascular disease is the #1 cause of death globally and costs our country $422B annually. Until Cleerly, healthcare providers have had no way to easily and completely assess plaque burden in a non-invasive manner. Cleerly’s software is able to precisely identify heart disease by analyzing non-invasive images – just like the revolutionary new technologies, mammograms and colonoscopies, that provide early detection for breast and colon cancer, respectively. This is what good software can do in the world!”
For more information about Cleerly and its groundbreaking solutions, please visit www.cleerlyhealth.com.
About Cleerly®
Cleerly is the company on a mission to eliminate heart attacks by creating a new standard of care for heart disease. Through its FDA-cleared solutions driven by artificial intelligence, Cleerly supports comprehensive phenotyping of coronary artery disease, as determined from advanced non-invasive CT imaging. Cleerly’s approach is grounded in science, based on millions of medical images. Led by a world-class clinical and technical team, Cleerly enhances health literacy for each and every stakeholder in the coronary care pathway. For more information, please visit:www.cleerlyhealth.com.
About Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2024, the firm has over $80B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.
SOURCE Cleerly
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