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Revv Secures $20M to Transform Auto Repair with AI Technology

Leading the modern revolution in auto repair: Revv’s platform simplifies complex repair procedures, maximizing vehicle safety, while uncovering hidden profit centers for shops.

NEW YORK, Nov. 19, 2024 — As the complexity of modern vehicles escalates, the auto repair industry faces a critical challenge: adapting to the sophisticated needs of Advanced Driver Assistance Systems (ADAS), which are now standard in 92% of new vehicles. Addressing this head-on, Revv is thrilled to announce it has secured over $20 million in funding. The round, led by Left Lane Capital, with continued participation from Soma Capital, 1984, and Agalé Ventures, underscores the industry’s confidence in Revv’s potential to transform auto repair services.

Revv was born in an auto repair shop, where founder Adi Bathla, an early Product Leader at Misfits Market, observed the difficulties technicians faced with increasingly software-dependent vehicles. Together with Rashmi Sinha, an engineer with a shared passion for modernizing offline industries, they developed a platform that not only tackled the technical demands, but also captured the invaluable, intricate OEM data sitting in the brains of the most experienced technicians. This foundation enabled their initial product to rapidly gain traction, servicing over 30 auto repair shops prior to taking on any funding.

Adi Bathla, CEO and co-founder of Revv, recalls, “Every day, skilled technicians struggled with the myriad of repair procedures and the dense rulesets that vary by make, model, and trim. These challenges weren’t just technical; they directly undermined business efficiency and profitability. Recognizing the need for a change, we devised a system that exponentially cut down the research time for ADAS repairs.”

Revv’s platform leverages advanced large language models to condense hours of diagnostic research into seconds, aggregating data from over 60 sources to provide clear, actionable repair packages for complex ADAS systems like automatic braking, adaptive cruise control, and lane departure warnings. The hardware-agnostic system integrates seamlessly with all shop equipment and the full estimation software suite, ensuring immediate access to essential diagnostic information for all team members. Additionally, the embedded feedback loop from technicians enables continuous self-learning and improvement.

In just 16 months, Revv has expanded to 2,100+ repair locations and, in under 7 months, surpassed seven figures in ARR, with continued double to triple-digit quarter-over-quarter growth since. The platform’s ability to identify ADAS repair opportunities at the beginning of repair workflows has been pivotal to this growth, enabling shops to capitalize on these opportunities and significantly boost revenue for vehicles already on site. Shops of all specializations and sizes, including body, collision, paint, dent & repair (PD&R), and calibration & mechanical, report dramatic results. For example, one early adopter expanded from one location to 37 shops in four months, while another increased revenue by 75% in nine months by making ADAS repairs a core part of their business model with the platform’s support.

“RevvADAS has quickly become an indispensable tool for us,” said Mike Stuver, Chief Operating Officer of Complete Collision Solutions, a Texas-based repair services company. “The whole experience has been positive, from ease of setup to ease of use. It’s rare to see such quick adoption with new technology, but that has been the case for us.”

“After an extensive market analysis of AI applications that genuinely solve problems and add value to end customers, Revv is among the strongest we’ve seen,” said Dan Ahrens, Managing Partner at Left Lane Capital. “They’ve built a solution that demonstrates a deep understanding of industry needs, positioning them as an essential platform for modern vehicle repairs. Their team is exceptional, and we are excited to partner with them long term.”

Looking to the future, Revv is expanding its capabilities with the recent introduction of auto-quoting and advanced documentation tools. Additionally, following successful trials in the mechanical repair space, they’ve secured highly strategic distribution agreements to supercharge their presence in this new market segment. But Bathla has no plans of stopping there.

“Our vision extends beyond diagnostics,” said Bathla. “We are committed to building a comprehensive 360-degree repair solution that serves shops of all sizes globally. By maximizing value at each location, we aim to help the entire repair industry navigate the increasing complexity of modern vehicles, ensuring safer cars and supporting repair shops to thrive in this new era.”

About Revv
Revv is a B2B SaaS business that’s transforming the auto repair industry with revolutionary AI and machine learning solutions that streamline processes and enhance road safety. Our mission is to pave the way for a safer transportation landscape.

Revv ADAS is an AI-powered platform that automates the complex research required to understand ADAS (Advanced Driving Assistance Systems) repairs for auto repair businesses. For more information, visit www.revvhq.com

About Left Lane Capital
Founded in 2019, Left Lane Capital is a New York and London-based global venture capital and growth equity firm investing in hyper-growth Consumer and SMB businesses with enduring customer relationships. Left Lane’s mission is to partner with extraordinary entrepreneurs who create category-defining companies across growth sectors of the economy. Select investments include Kings League, Bilt Rewards, Blank Street, M1 Finance, Wayflyer, Pearl, Polycam, LOVB, Talkiatry, Kittl, Ownwell, and more. For more information, please visit www.leftlane.com.

SOURCE Revv

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Kong Secures $175 Million New Financing at $2B Valuation to Power the API World

Round Led by Tiger Global, Co-Led by New Investor Balderton, with Additional New Investor Participation from Teachers’ Venture Growth

SAN FRANCISCO, Nov. 19, 2024Kong Inc., a leading developer of cloud API technologies, today announced it has closed a $175 million in up-round Series E financing, with a mix of primary and secondary transactions at a $2 billion valuation. The round was led by Tiger Global and co-led by new investor Balderton, with additional new participation from Teachers’ Venture Growth, the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, and 137 Ventures among others and continued support from Andreessen Horowitz, Index Ventures, CRV, Sapphire Ventures, and Notable Capital. This brings Kong’s total capital raised to $345 million.

“This funding will fuel our efforts to help any organization to leverage our unified API platform to manage, secure, and observe both internal and external APIs like never before,” said Augusto Marietti, CEO and co-founder of Kong Inc. “As we continue to see a worldwide surge in demand for API calls – propelled most recently by the rise of LLMs – Kong is uniquely positioned to help our customers consolidate disparate API systems to enable “the software assembly line” of the AI era.”

Kong will use the new funds to accelerate its global GTM expansion, enhance product innovation with AI-infused capabilities across AI Gateway, Konnect, Insomnia and all our leading API runtimes such as Kong Gateway and Kong Mesh, while investing in the growth of its customer experience teams.

Market Leadership

“Kong’s strategic expansion across Europe, Asia and emerging markets addresses the growing global demand for robust API solutions. Their commitment to delivering a secure, scalable and resilient API infrastructure platform is essential in today’s digital economy,” said Rana Yared, General Partner at Balderton. “The Kong team enables businesses worldwide to innovate and adopt AI at scale.”

In addition, Rana Yared will join Kong as a board observer.

“Kong has shown remarkable growth and vision, particularly with their focus on empowering developers and businesses to harness the power of AI through secure API adoption,” said Andrea Roda, Principal at Balderton. “Their commitment to innovation and customer success is unmatched, and we believe they are setting the standard for the future of critical digital infrastructure.”

Vision for API-First Companies in an AI-Driven World

Kong’s unified API platform enables organizations to build AI applications faster while ensuring centralized API security, governance and visibility across all services. As more companies pivot to becoming API-first, Kong provides the critical infrastructure needed to enable secure and scalable AI solutions.

“Kong helps companies build and innovate faster by providing a platform that governs, manages and discovers all APIs and AI models within an organization,” added Marco Palladino, CTO and co-founder, Kong Inc. “We’re helping customers across industries — from startups to Fortune 500® enterprises — accelerate their time to market, scale AI capabilities and reduce operational risks. This is achieved through the most secure and comprehensive API management, which effectively serves as an operating system to oversee all APIs and AI models in any enterprise. Given that API and AI connectivity are at the core of every digital product, Kong’s platform is a strategic core component in every modern architecture.”

With this funding, Kong is poised to continue revolutionizing API management and AI integration for organizations globally, empowering businesses to stay ahead in an increasingly digital and AI-driven world.

About Kong Inc.

Kong Inc., a leading developer of cloud API technologies, is on a mission to enable companies around the world to become “API-first” and securely accelerate AI adoption. Kong helps organizations globally — from startups to Fortune 500 enterprises — unleash developer productivity, build securely and accelerate time to market. For more information about Kong, please visit www.konghq.com or follow us on X @thekonginc.

SOURCE Kong Inc.

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Uniqus Consultech Onboards UST as an Investor, as Part of its Previously Announced Series B Round

Strategic collaboration to deliver greater value to clients by leveraging consulting capabilities alongside technology-led transformation

MUMBAI, India and ALISO VIEJO, Calif., Nov. 19, 2024 — USTa leading digital transformation solutions company, has invested in Uniqus Consultech, a tech-enabled global platform that offers consulting solutions in the accounting & reporting, finance operations, governance, risk, ESG, and technology domains. This investment, part of Uniqus’ previously announced Series B round, will lay the foundation for a strong collaboration between the two companies.

The alliance between UST and Uniqus combines deep functional knowledge and strong technology capabilities to help clients better solve core business challenges and fully harness the power of technology, including AI/GenAI. As a part of the strategic collaboration, UST will leverage Uniqus’ extensive practical experience in the areas of finance, risk, and sustainability to identify and implement the best digital solutions for its clients.

UST will be able to offer an expanded solution portfolio to help clients navigate evolving and complex regulatory requirements, assess environmental impacts, enhance supply chain transparency, and improve social impact initiatives by integrating Uniqus’ ESG capabilities into its offerings. Uniqus’ AI-enabled – ESG UniVerse platform tracks, measures, and reports on ESG metrics, including carbon emissions, and facilitates engagement with supply chain partners. UST will leverage Uniqus’ finance and risk transformation capabilities to provide comprehensive finance and risk solutions and platforms to its clients.

Jamil Khatri, Co-Founder & Chief Executive Officer, Uniqus, said, “Organizations want technology to enable them in solving business problems effectively and get real benefits. UST’s transformative engineering and innovative ecosystem in combination with Uniqus’ deep domain experience on sustainability, finance, and risk will elevate our product and service offering to clients across the globe. We are truly excited to embark on this journey together with UST, introducing new capabilities to serve a large, combined client base in a holistic manner.”

“Corporate sustainability, responsible business practices, and ESG consulting have become integral to building a comprehensive modern corporate strategy, and integrating Uniqus’ ESG capabilities into our portfolio will enable UST to serve our clients better and differentiate ourselves in an increasingly competitive landscape. This relationship with a market leader is an excellent opportunity to enhance our service offerings and drive sustainable growth while laying the groundwork for a more sustainable and resilient economy,” said Vijay Padmanabhan, Chief Financial Officer, UST.

With this investment, UST continues to expand its ecosystem of strategic partnerships, driving cutting-edge solutions. UST or Uniqus Consultech, did not disclose the investment value.

About Uniqus Consultech:

Uniqus Consultech is a global tech-enabled consulting company that specializes in Accounting & Reporting, ESG and Tech Consulting. The Company is co-founded by consulting veterans Jamil Khatri and Sandip Khetan and backed by marquee investors such as Nexus Venture Partners, Sorin Investments, and other angel investors. Anu Chaudhary, a global ESG specialist with over 20 years of experience, serves as the Global Head of ESG. Abhijit Varma, a veteran technology specialist, leads Tech Consulting globally.

Uniqus has a global team of 500 professionals led by 50+ Partners & Directors across eleven offices in the USA, Middle East and India. The company serves more than 200 clients, including marquee names such as HDFC Bank, Reliance Industries, Al Rajhi Group, Arab National Bank, The National Shipping Company of Saudi Arabia (Bahri), Burjeel Holding, Tawal, Flipkart, GE and GAP.

Uniqus is committed to leveraging technology and an integrated global delivery model to provide best-in-class consulting services that drive measurable results and create long-term value for its clients.

For more information, please visit: www.uniqus.com

About UST

Since 1999, UST has worked side by side with the world’s best companies to make a powerful impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Our digital solutions, proprietary platforms, engineering expertise, and innovation ecosystem turn core challenges into impactful, disruptive solutions. With deep industry knowledge and a future-ready mindset, we infuse innovation and agility into our clients’ organizations—delivering measurable value and positive lasting change for them, their customers, and communities around the world. Together, with 30,000+ employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com.

Media Contacts, UST:
Tinu Cherian Abraham
+1 (949) 415-9857 (US)
+91-7899045194 (India)

 Merrick Laravea
+1 (949) 416-6212

Neha Misri
+44-7341787926

Roshini Das K
+91-7736795557

[email protected]

Media Contacts, India.:
Adfactors PR
[email protected] 

Media Contacts, U.S.:
S&C PR
+1-646.941.9139
[email protected]

Makovsky
[email protected] 

Media Contacts, U.K.:
FTI Consulting
[email protected] 

Logo: https://mma.prnewswire.com/media/1422658/UST_Logo.jpg

SOURCE UST

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KINTSUGI EXTENDS ITS SERIES A AND DOUBLES VALUATION IN FOUR MONTHS

SAN FRANCISCO, Nov. 19, 2024Kintsugi AI, a cutting-edge tax automation platform, announced today that it has extended its Series A with an additional investment from Airwallex, bringing the total funding to $10 million. Previous investors include GSRVentures, WestWave Capital, Link Ventures, Venture Highway, KyberKnight, Plug and Play and DeVC. This funding will focus on new hires for Kintsugi, particularly the engineering team. 

“For the last four months, we have been moving at the speed of light. We have quadrupled our revenue and doubled the number of customers,” said Co-Founder Pujun Bhatnagar. “In the coming weeks we will announce recent integrations that will establish Kintsugi as the leader in the tax management solution space.”  

Co-founded by Pujun Bhatnagar, Barkin Doganay, and Jeff Gibson, Kintsugi AI aims to automate sales tax compliance with its comprehensive platform, covering real time nexus monitoring, AI-enabled product categorization, rooftop-level tax calculation and validation, sales tax registration, filing, exemption certificates handling, and back-tax compliance.

“We are excited to be partnering with Kintsugi, a leading innovator in the sales tax industry. Their application of AI towards tax will revolutionize how sales tax is managed and together, we aim to drive forward solutions that empower businesses to navigate the ever-evolving payments and tax landscape with ease and efficiency.” said Christopher Cheng on behalf of Airwallex.

“Paying taxes is a critical part of managing and growing your business, but doing it right is complicated. Our platform takes the worry out of sales tax and lets you put your sales tax compliance on autopilot, delivering high performance, reliability, and flexibility as you scale,” said Jeff Gibson. “At Kintsugi we are changing the way the world thinks about sales tax through innovation and AI.”

About Kintsugi 

Based in San Francisco and founded in 2022, Kintsugi knows that paying taxes is a critical part of managing and growing an ecommerce business, but doing it right is complicated. The Company’s platform takes the worry out of sales tax and lets businesses put sales tax compliance on autopilot, delivering high performance, reliability, and flexibility as you scale. Kintsugi is secure, encrypted, GDPR-compliant and SOC 2 Type II compliant. The Company complies with the Trust Services Criteria’s advanced protocols for Security, Availability, Processing Integrity, Confidentiality, and Privacy.

SOURCE Kintsugi AI

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Sen-Jam Pharmaceutical Advances First in Class FDA-Regulated Hangover Prevention Therapy Tackling Inflammation to Phase 2 Clinical Trials

Groundbreaking anti-inflammatory approach targets root cause of alcohol-induced morning-after symptoms, supporting greater vitality and productivity worldwide.

HUNTINGTON, N.Y., Nov. 19, 2024 — Sen-Jam Pharmaceutical announced recently the initiation of a Phase 2 clinical trial for SJP-001, positioning it to become the first FDA-approved therapeutic specifically targeting alcohol hangover prevention. The trial, conducted by a leading clinical research organization in Australia, marks a pivotal milestone in addressing a significant global health and productivity challenge.

SJP-001, supported by Sen-Jam’s robust portfolio of 23 patents, represents a paradigm shift in understanding and treating alcohol hangover symptoms. The novel combination therapy targets the inflammatory cascade triggered by alcohol consumption, rather than focusing solely on hydration or other approaches that have shown limited efficacy.

This clinical trial is made possible through Sen-Jam’s novel and inclusive funding model. By leveraging crowdfunding and the sale of Fractional Royalty Rights (FRR) on its patent portfolio, Sen-Jam has democratized investment in cutting-edge pharmaceutical innovation. The company has successfully engaged over 960 investors, 24% of whom have reinvested, demonstrating the strong community belief in the potential of SJP-001 and its mission to advance global health. 

Our FRR offering allows everyday people to directly support innovation while creating an opportunity for financial returns. It also enables us to return capital to our investors soon after licensing deals are in place,” said Jim Iversen, CEO of Sen-Jam Pharmaceutical.

This funding approach ensures that Sen-Jam remains agile and focused on delivering safe, effective, and accessible therapeutics while empowering a global network of supporters to share in its success.

Pre-clinical studies of SJP-001 have demonstrated remarkable promise in reducing both the severity and duration of morning-after symptoms,” said Jackie Iversen RPh MS, Co-Founder and Chief Clinical Officer at Sen-Jam Pharmaceutical. “Our approach is grounded in cutting-edge international research that has identified inflammation as the primary driver of these alcohol related symptoms.

The therapeutic’s development aligns with Sen-Jam’s commitment to cellular and tissue protection against acute and chronic inflammatory responses. “This innovative solution is about promoting human health and maximizing productivity by supporting individuals who choose to consume moderate levels of alcohol. Our focus is on enhancing well-being, fostering resilience, and empowering people to thrive in both personal and professional spheres.” explained Iversen.

In a marketplace saturated with unproven remedies, SJP-001 stands apart through its rigorous clinical validation process. The global market potential reflects the billions of adults worldwide who occasionally consume alcohol, with the Center for Disease Control and Prevention (CDC) estimating that alcohol consumption costs the US $180 billion annually in lost productivity.

About Sen-Jam Pharmaceutical

Sen-Jam Pharmaceutical is a drug innovation company dedicated to improving societal wellbeing by developing novel solutions for pain and inflammation. The company’s mission is to forge a new path to better health by creating safe and efficacious therapies for some of the world’s most widespread health challenges. Sen-Jam’s innovative approach of repurposing small molecules and dedication to responsible drug development position it at the forefront of life-enhancing pharmaceutical breakthroughs. Using patented proprietary technology and the accelerated 505(b)2 pathway, Sen-Jam is on a mission to revolutionize inflammatory pain treatment and its unwanted side effects. Investor information available at Wefunder. Learn more at www.sen-jam.com

CONTACT INFORMATION:
Sen-Jam Pharmaceutical
Christine Leonard
[email protected]
781-913-1902

SOURCE Sen-Jam Pharmaceutical

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Osyte Raises $4 Million to Drive AI-Powered Investment Automation and Optimization for Multi-Asset Portfolios

Funding led by Moneta Ventures, and includes participation from Fintech investors SixThirty Ventures, Altari Ventures, Tacoma Venture Fund, and Sigmas Group Family Office.

SEATTLE, Nov. 19, 2024 — Osyte (pronounced O-Sight), developers of an AI-powered multi-asset portfolio management technology, today announced the closing of its $4 million seed round. This additional capital will enable Osyte to expand its go-to-market capabilities, accelerate its AI product roadmap, and scale its client management team to meet growing demand. 

Osyte’s mission is to create more structure, transparency, and operational efficiency for the roughly 50,000 Single Family Office, Multi-Family Office, and Institutional fund managers who are increasingly struggling to manage the trillions of dollars moving from traditional to alternative investments.

Osyte significantly reduces the complexity, risk, and cost tied to managing multi-asset portfolios with public and private assets. With Osyte, Asset Managers can leverage AI to automate many portfolio management decisions and re-focus their time on the most high-value investment functions,” said Charles Anselm, CEO and co-founder of Osyte.

Private assets under management are projected to reach over $15 trillion, experiencing nearly 20% annual growth over the next 5 years.  Osyte’s technology enables liquidity management of hedge funds and private market commitments, AI/ML powered portfolio optimization, risk and exposure analytics, rebalancing, and streamlines trading of multi-asset portfolios with both liquid and illiquid securities. Osyte’s customers can expect an 80% reduction in operational overhead tied to managing multi-asset portfolios when using the Osyte platform.

“When investment managers today look to deliver true multi-asset portfolios, they have to support greater complexity at both the level of the client portfolio and their own operations. Osyte’s founders have created a platform that embraces portfolio and operational complexities natively, so that institutions can manage these portfolios, scalably,”  said Atul Kamra, Managing Partner at SixThirty Ventures.

The Osyte team has significant portfolio management expertise at one of the industry’s largest outsourced CIOs, previously managing billions of dollars for endowments, foundations, pension funds, and other institutional investors.

“We’re thrilled to partner with Osyte; their end-to-end platform, backed by a team with deep industry experience, empowers asset managers with a scalable, robust solution for managing both public and private assets in a total portfolio approach,” said Ashu Bhalla, Partner at Moneta Ventures. “We believe Osyte’s approach will transform portfolio optimization across the investment industry.” Ashu, will be joining Osyte’s Board of Directors.

For more information about Osyte and its multi-asset investment technology platform, visit www.osyte.com

MEDIA CONTACT:
Dan Kuppersmith
(703) 585-8379
[email protected]

SOURCE Osyte Inc.

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MetOx Secures Additional Strategic Funding, Expanding Domestic HTS Manufacturing Capacity

HOUSTON, Nov. 19, 2024 — MetOx International, Inc. (MetOx), a U.S. leader in High Temperature Superconducting (HTS) technology, has announced the closing of its Series B funding round, securing an additional $15 million from a strategic syndicate of investors, including Duquesne Family Office, LLC, Piedmont Capital, Crosscut Ventures, New System Ventures, John Doerr’s Family Office together with Ryan Panchadsaram, among others. This investment completes the Series B extension, bringing a total of $40M in expansion capital to the company, and bolstering MetOx’s growth momentum as it scales to meet surging market demand and expand out its domestic production of this vital technology.

The strategic capital injection will contribute to the buildout of additional high-capacity HTS manufacturing facilities in the U.S., establishing a new benchmark for production efficiency, scale, and security. As HTS technologies becoming increasingly critical to advancing renewable energy generation, grid expansion and modernization, and powering energy-intensive industries such as hyperscale data centers, AI and fusion energy – MetOx’s expansion is poised to play a key role in strengthening the nation’s infrastructure.

“We are thrilled by the confidence our strategic investors have placed in MetOx, particularly as we accelerate our efforts to scale HTS manufacturing capacity here in the U.S.,” said Arthur (Bud) Vos, President and CEO of MetOx. “This critical new funding allows us to continue building a robust supply chain for HTS technology, ensuring the U.S. becomes a global leader in advanced superconducting solutions.”

Robert Long of Piedmont Capital commented, “MetOx’s vision to revolutionize the HTS market aligns well with our commitment to transformative technologies and infrastructure. We believe MetOx is uniquely positioned to meet the growing demands of the U.S. market, and we’re proud to support them in this next phase of their journey.”

Ian Samuels of New System Ventures, a prominent investor in energy transition technologies, added, “MetOx is addressing a crucial gap in domestic clean energy supply chains, and we are excited to continue to support the team as they drive forward with cutting-edge HTS technology and domestic manufacturing. This partnership strengthens our commitment to sustainable, scalable innovation in the United States including in clean energy generation and high-power transmission and distribution, enabling load growth and the deployment of power-dense data centers.”

This latest funding comes on the heels of an announced $80 million Department of Energy (DOE) grant awarded to MetOx, aimed at advancing clean technology manufacturing. This dual infusion of capital positions MetOx to significantly expand its domestic HTS production capabilities, fostering innovation, high quality skilled job creation, and a more resilient HTS supply chain.

About MetOx International

MetOx International is a Houston-based leader in High Temperature Superconducting technology, dedicated to advancing clean energy solutions and establishing a resilient HTS manufacturing base in the United States. Through partnerships with the U.S. Department of Energy and strategic investors, MetOx is driving innovation and strengthening supply chains for critical superconducting applications across multiple industries.

Learn more about MetOx at www.metoxtech.com and connect with us on LinkedIn.

About High Temperature Superconductors: 
HTS is advanced power delivery technology, capable of transmitting extremely high power at low voltage with zero heat generation or energy loss. This breakthrough technology is revolutionizing critical energy sectors, including power transmission, distribution, and grid expansion, while uniquely meeting the high-power demands of AI-driven applications and hyperscale data centers. HTS is also pivotal in enabling high-field magnet applications such as next-generation wind turbines, motors, and generators for clean aviation and aerospace, advanced defense systems, and magnetic containment for fusion energy. HTS technology presents solutions to enhance global energy infrastructure and unlocks new opportunities in sectors where its lightweight, high-power properties provide unparalleled advantages.

Media Contact:

Naomi Le Bihan, Director of Communications
MetOx International, Inc.  Email: [email protected]

SOURCE MetOx International, Inc.

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AGENTIO RAISES $12M SERIES A LED BY BENCHMARK TO FURTHER TRANSFORM CREATOR-LED ADVERTISING WITH AI TECHNOLOGY

Agentio Clients Such as DoorDash, Mint Mobile, Bombas, Notion, MasterClass & Mejuri Have Unlocked A Newly Scalable Performance Marketing Channel Through the Platform’s Automated Brand-Creator Partnerships, Making Creator-Led Ad Buys as Simple as Buying Google or Meta Ads

NEW YORK, Nov. 19, 2024 — Agentio, the first ad platform that scales, measures, and streamlines creator content advertising, has raised a $12M Series A led by Benchmark (investments include Cerebras, HeyGen, 11x, Fireworks AI, eBay, Instagram, Uber and Twitter), in addition to investments from existing investors Craft Ventures and AlleyCorp, as well as industry-leading marketing executives and creators. Agentio’s ad platform uses proprietary AI technology to seamlessly connect brands with leading creators, enabling scalable, efficient ad buys on YouTube. This empowers innovative brands like DoorDash, Bombas, Mint Mobile, MasterClass, Mejuri, Notion, HelloFresh, and others to buy creator ad read integrations from YouTube’s leading creators, like Nick DiGiovanni, Matty Matheson, Rhett & Link, and Chad Chad. With this funding, which brings the total capital raised to $16M, Agentio––already profitable––will expand its brand and creator network, scale its platform capabilities, and introduce integrations with additional social channels, beginning in 2025.

Agentio’s pioneering ad platform makes purchasing advertising integrations within creator content as simple as buying ads on Meta or Google, with end-to-end automation powered by its proprietary AI-powered matching, auto-bidding, and brand safety technology. Agentio’s customers are seeing 4-15x better performance and return on ad spend (ROAS) through YouTube creator integrations compared to other social video channels. With Agentio’s capabilities, brands automate tedious workflows, transforming processes that once took weeks or months into minutes and effectively scaling paid media budgets. This innovation eliminates the manual processes and negotiations traditionally required to bring brand and creator partnerships to life, making it possible for marketers to focus on strategy and optimization.

“We believe that the future of advertising is creator-led – creators authentically telling a brand’s story to their highly engaged audiences,” said Arthur Leopold, co-founder and CEO of Agentio. “On Agentio, brands can buy the most performant and efficient content – creator integrations – as easily as they buy Meta or Google ads. That’s the future of marketing. It’s not more banner, display, or skippable video ads. Until Agentio, this future hasn’t been possible. We’re excited to shift paid media budgets to creators for the first time – unlocking exponentially larger budgets than creators have historically tapped into.”

For brands, Agentio offers a direct line to a network of top creators, empowering marketers to purchase ads that blend organically within creator content. The platform’s next-generation analytics allow advertisers to measure performance in real-time, optimizing campaign strategies to maximize results. For creators, Agentio opens a new era of monetization, providing them with an intuitive platform to manage ad slots and consolidate brand demand. Agentio creators and brands are closing mutually beneficial six-figure deals with a single click.

“We’ve only seen the tip of the iceberg in terms of the potential that Agentio can and will have on the advertising industry,” said Jonathan Meyers, co-founder and CTO of Agentio. “Brands are working 10x as fast and seeing as much as 15x better return on ad spend by using Agentio. Offering more ad units on other social platforms will exponentially increase not just the creators we’re able to work with but the brands, and agencies, that can drive value using our platform.”

“Agentio’s ad platform has unlocked a massive market thanks to its use of AI, creating a huge opportunity by increasing efficiency in a category overlooked by incumbents,” added Sarah Tavel, General Partner at Benchmark and Agentio Board Member. “Marketplace businesses can be tough to get right, but Arthur’s deep knowledge of the creator economy, and Jonathan’s experience building predictive advertising technology, have enabled them to solve the biggest pain points, and we’re already seeing the flywheel effect take off.”  

Agentio is poised to become the go-to platform for brands investing in creator content, driving the future of marketing. The Series A funding will enhance the platform’s capabilities and expand offerings beyond YouTube to other major channels. Backed by an impressive roster of investors—including Benchmark, Craft, and AlleyCorp, along with several advertising and marketing technology veterans—Agentio is transforming how brands connect with audiences through creator content. Its brand users can see over 1 Billion YouTube ad views per month at any given time.

To learn more about Agentio, visit www.agentio.com.

To access the media kit, click here.

About Agentio
Agentio is the first-of-its-kind ad platform for sponsored creator content, making the purchase of creator content as easy for brands as buying Meta and Google ads. Through its programmatic ad platform, Agentio is enabling a new level of scale, measurement, and efficiency while giving brands the ability to share their message through the most authentic and trusted voices. For more information, visit https://www.agentio.com/.

SOURCE Agentio

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Levanta Secures $20 Million in Series A Funding Led by Volition Capital to Accelerate Creator-Driven Commerce

With this new funding, Levanta will scale its business development team to support the growing demand from Amazon sellers, brands, and creators. The company will also invest heavily in product development to enhance user experience and drive even more dynamic, revenue-generating partnerships between sellers and creators. Levanta’s goal is to create a seamless, high-impact marketplace ecosystem that powers growth for brands while meeting the needs of creators and publishers.

The Growing Opportunity in Creator-Driven Commerce
The affiliate marketing space is poised for substantial growth, projected to reach $12 billion globally by 2025, as more e-commerce brands turn to performance-based partnerships to drive incremental revenue.(1) Levanta’s platform uniquely positions marketplace sellers to capture this growth by enabling direct partnerships with creators, one of the most trusted and high-impact channels for consumers today. This shift towards creator-driven commerce reflects changing consumer behaviors, with nearly half of all consumers making purchases based on influencer posts.(2)

As more brands seek to tap into the power of influencer marketing, Levanta is at the forefront of this transformation, offering sellers a scalable, performance-based solution to drive sales, expand into new markets, and build long-term partnerships with creators.

A Proven Leader in Marketplace Affiliate Marketing
Founded in 2023, Levanta has quickly gained traction as a trusted partner for Amazon sellers. With thousands of vetted creators and publishers, Levanta’s platform is projected to generate $286 million in annualized gross merchandise value (GMV) for its sellers, based on its recent 30-day performance. Trusted by top-tier Amazon brands such as HexClad, Kitsch, MaryRuth, Caraway and MANSCAPED, Levanta has proven to deliver significant returns, especially during peak sales events like Amazon Prime Day. Levanta is expanding rapidly, already supporting five major Amazon markets—U.S., U.K., Canada, France, and Germany—and with plans to launch in Spain and Italy in early 2025.

“Levanta is perfectly positioned to capitalize on the massive growth opportunity in the affiliate marketing and creator-driven commerce space,” said Larry Cheng, Managing Partner at Volition Capital. “The platform’s strong traction with Amazon sellers, its innovative approach, and its ability to deliver results for brands make it a game-changer in the e-commerce ecosystem. We’re excited to partner with Levanta’s talented team as they accelerate their growth and further expand their platform capabilities.”

A Proven Leadership Team with a Track Record of Success
Levanta’s founding team brings extensive experience in the affiliate marketing and technology sectors. Co-founders Ian Brodie (CEO), Rob Schab (Chief Marketplace Officer), and Spencer McKenney (Chief Technology Officer) previously launched and scaled Grovia, an affiliate recruitment software and service provider. In May 2022, Grovia was acquired by Acceleration Partners, a global leader in affiliate marketing. Building on this success, they launched Levanta in March 2023, disrupting the retail media space by enabling Amazon sellers to increase sales through high-impact, direct affiliate partnerships and unlocking the full potential of this powerful marketing channel.

“This funding is a pivotal moment for Levanta. With the support of Volition Capital, we’re primed to take our platform to the next level and offer even more value to marketplace sellers and creators,” said Ian Brodie, Co-Founder and CEO of Levanta. “The affiliate marketing landscape is evolving rapidly, and we are committed to driving innovation and providing an ecosystem where brands, creators and influencers can collaborate in meaningful ways to grow their businesses and reach new audiences.”

What the Investment Means for Levanta

Levanta will use the funding to:

  • Accelerate Team Growth and Market Reach: Expanding Levanta’s business development team to support brands and creators, enabling deeper engagement across diverse verticals and strengthening the platform’s market presence.
  • Advance Platform Capabilities and User Experience: Investing in product development to elevate the seller and creator experience, enhance platform functionality, and create an even more dynamic, revenue-generating marketplace.
  • Strengthen Market Leadership in Creator-Driven Commerce: Solidifying Levanta’s role as the top platform for Amazon sellers, meeting the growing demand from retail brands expanding onto Amazon.

Levanta invites interested Amazon sellers, agencies, and creators to contact us or create a free account.

About Levanta
Levanta is a leading affiliate marketing platform designed to help Amazon sellers unlock growth through creator-driven commerce. By connecting sellers with a network of vetted creators, Levanta enables performance-based partnerships that drive revenue, increase customer acquisition, and build brand loyalty. Launched in 2023, Levanta has quickly become a go-to platform for sellers seeking to capitalize on the growing power of creators and influencers in digital commerce. Levanta’s co-founders previously founded and sold Grovia Partners, a leading affiliate marketing technology-enabled services company, to Acceleration Partners in 2022.

For more information about Levanta, visit www.levanta.io.

About Volition Capital
Volition Capital is a Boston-based growth equity firm that principally invests in high-growth, founder-owned companies across the software, Internet, and consumer sectors. Founded in 2010, Volition has over $1.7 billion in assets under management and has invested in and/or provided sub-advisory advice to more than 50 companies in the United States and Canada. The firm selectively partners with founders to help them achieve their fullest aspirations for their businesses.

For more information about Volition Capital, visit www.volitioncapital.com.

(1) eMarketer, Affiliate Marketing, September 2024
(2) Sprout Social, The Influencer Marketing Report, April 2024

Media Contact
Richie Carreon
VP, Marketing
[email protected] 

SOURCE Levanta