Fortune 100 companies turn to Distyl’s integrated software and services to power their most ambitious AI initiatives

SAN FRANCISCO, Nov. 19, 2024 — Distyl has raised $20 million in Series A funding to supercharge its growth and to meet the accelerating demand from its Fortune 100 customers. This round adds Lightspeed Venture Partners, who led the round, and Khosla Ventures, early investors in OpenAI. Existing investors Coatue, Dell Technologies Capital and Nat Friedman also joined, along with strategic and angel investors. This funding will accelerate Distyl’s efforts to build the best-in-class AI engineering and research team to meet increasing customer demand.

Solutions purpose-built for enterprise outcomes

Large enterprises have a mandate to adopt AI to accelerate their business, but many are struggling to make it past experimentation. Their systems are complex and require bespoke solutions with high reliability needs. These organizations typically engage large consulting firms who have only recently added AI to their capabilities, resulting in failed pilots and costly, slow rollouts.

Distyl unites AI-native software with a premier engineering and research team that customizes AI building blocks for rapid implementation and results at enterprise scale. The company is trusted to deliver transformative outcomes by Fortune 100 leaders across healthcare, telecommunications, CPG, retail and manufacturing industries. For example, one Fortune 500 company estimated a 47% increase in resolution time around daily tasks after partnering with Distyl to deploy AI in their supply chain.

Brad Lightcap, COO of OpenAI, said: “Distyl enables enterprises to seamlessly integrate OpenAI technologies so that they can maximize the impact of their AI investment. We’re excited to deepen our partnership as enterprises continue to lean into AI use cases”.

Software purpose-built for reliability

“We built Distyl to solve a critical business problem — helping enterprises adopt AI and gain a true competitive edge in speed and efficiency, without sacrificing reliability or quality,” said Arjun Prakash, co-founder and CEO of Distyl. “Our goal is to help our customers deeply change how their businesses operate, not settle for minor productivity enhancements or experiments. Our unique combination of research leadership, precision-engineering and our reusable AI software base is designed to drive business results that used to take years in as little as six weeks.”

Distyl’s success stems from a world-class engineering and research team from leading software and solutions innovators like Palantir and Apple, and leading research laboratories. Unlike traditional SaaS models, Distyl builds solutions tailored to the unique reliability, workflow and data considerations of the most complex organizations – all while using their proven software accelerants, Distillery, to drive rapid value against the most exigent needs. The team’s research and engineering efforts focus on developing technologies that enable AI systems and agents to transform organizational knowledge into AI-native processes, automating business tasks with high reliability. This shifts the human role from routine tasks to decision-making and providing feedback, leading to 10x faster decisions and increased capacity.

“While traditional consulting firms and integrators often struggle to move beyond proof of concepts, Distyl stands out by successfully scaling and productionizing generative AI in the world’s largest and most complex enterprises,” said Raviraj Jain, Partner at Lightspeed. “When you talk to Distyl’s customers, it’s clear their tech and approach are driving real innovation. They are becoming an essential partner for any large company aiming to stay competitive in this AI-driven market.”

About Lightspeed

Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally including Affirm, Carta, Cato Networks, Epic Games, Faire, Forty Seven, Guardant Health, Mulesoft, Navan, Netskope, Nutanix, Rubrik, Sharechat, Snap, Udaan, Ultima Genomics and more. Lightspeed and its global team currently manage $25B in AUM across the Lightspeed platform, with investment professionals and advisors in the U.S., Europe, India, Israel, and Southeast Asia. www.lsvp.com

About Distyl

Distyl partners with Fortune 500 companies to drive $100M+ mission-critical initiatives through AI-powered automation of their core operations. In collaboration with OpenAI on their top accounts, they deliver transformative outcomes, already impacting F50s in telecom, manufacturing, healthcare and retail. The team comprises deeply accomplished researchers and engineers in AI systems, and is backed by top investors like Lightspeed Venture Partners, Khosla and Coatue. Learn more at distyl.ai.

SOURCE Distyl

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Former Bain Capital Ventures and Forgepoint investors bring their expertise to Canapi, strengthening its focus on growth-stage companies

WASHINGTON, Nov. 19, 2024 — Canapi Ventures, the venture capital fund investing in early to growth-stage enterprise software and fintech companies, today announced that Kristie Han and Connie Qian have joined the firm as Principals. Han will be based in the firm’s Washington D.C. office, while Qian will join Canapi’s San Francisco office. Both will focus on growth-stage enterprise software investment opportunities.

Han brings more than a decade of diverse investment experience to Canapi. Her background spans growth equity and venture capital, with a focus on software and technology investments at leading firms like Bain Capital Ventures, PSG, and Riverside. At Bain Capital Ventures, she honed her expertise in Series B to pre-IPO growth-stage companies, including enterprise and AI applications. Han’s experience also includes providing growth capital and executing buy-and-build strategies at PSG and Riverside. She holds a BA in Economics and Psychology from Harvard College.

“Kristie’s experience across various sectors and stages of investing is an ideal match for the Canapi platform,” said Walker Forehand, president and general partner of Canapi Ventures. “As companies continue to invest in AI applications, we’re seeing a surge of interest across our LP base of leading financial institutions looking to tap into these technological advancements. Kristie’s background and strong network will help Canapi further its mission of backing the best entrepreneurs across software and fintech.”

Qian brings a decade of experience in fintech and enterprise software to Canapi, spanning both operational and investment roles. She joins from Forgepoint Capital, where she focused on early and growth-stage investments in cybersecurity and infrastructure software. Before Forgepoint, she cultivated her skills at Block (formerly Square) across strategic finance, business operations, and corporate development. Qian began her career in equity research at Goldman Sachs and Robert W. Baird, covering the IT and communications technology sectors. She holds a BS in Applied Economics & Management from Cornell University and an MBA from The University of Pennsylvania.

“Connie’s unique blend of operating and investing experience across various technology sub-sectors is a perfect fit for our team as we build out our San Francisco presence,” said Canapi General Partner, Tom Davis. “Her deep understanding of fintech and enterprise software, developed through operating and investor roles, will be invaluable as we partner with innovative companies across these sectors. She is ideally suited to identify and support the next generation of tech founders and companies.”

Late last year, Canapi announced its Fund II, totaling $750M, bringing its total assets under management to over $1.4B.

About Canapi Ventures
Canapi is a B2B software and financial technology venture and growth equity platform investing in early to growth-stage companies offering disruptive alternatives to outdated business models and technologies. Backed by the Canapi Alliance – a network of over 70 of the leading financial institutions across the United States – Canapi’s partners have decades of hands-on experience in financial services. Canapi brings unmatched sector experience and best-in-class knowledge, connections, and credibility to founders.

SOURCE Canapi Ventures

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Partnership announced with Chan Zuckerberg Initiative to drive rare disease drug development

With its leading consumer health AI platform, Citizen Health will help patients navigate their conditions and accelerate novel therapies

SAN MATEO, Calif., Nov. 19, 2024 — Citizen Health, an innovative AI-powered consumer health platform designed to support over 400 million individuals managing rare and complex conditions, has announced the successful closing of a $14.5 million seed round. The funding round was led by Transformation Capital, with participation from Wavemaker 360 and prominent angel investors. This fundraise is further strengthened by a strategic program investment and partnership with the Chan Zuckerberg Initiative (CZI).

Navigating healthcare, especially for rare diseases, presents significant challenges. With more than 10,000 rare diseases and 95% lacking approved therapies, patients often struggle to find effective care pathways. Citizen Health addresses this gap by building a comprehensive knowledge base that captures each patient’s complete health journey, including clinical data, genetic information, imaging, and patient-reported outcomes. This extensive repository enables patients to access answers based on others’ experiences and assists researchers in accelerating drug development by providing immediate access to critical information, potentially reducing the time to develop new therapies by years.

“With our collective experience and expertise, we’re working together to drive a future where any patient, at any stage, of any condition, has immediate access to exceptional guidance on the best action to take,” said Farid Vij, CEO and co-founder of Citizen Health. “Through our AI-powered platform, we are giving people agency over their health data to help themselves and each other, while shaving years off the drug development process for these critical diseases.

“As precision medicine evolves, understanding patients at an individual level is crucial for developing tailored therapies and care options,” added Nasha Fitter, co-founder and chief business officer, who is inspired by her youngest daughter who suffers from an ultra-rare disease. “This shift in empowering patients and caregivers is the path to a true consumer-led health system for every patient across every condition, and in no area is this more amplified than in rare and complex conditions.”

Rare diseases play a significant role in this paradigm, highlighting the limitations of traditional healthcare approaches. A study by the EveryLife Foundation revealed that 379 rare diseases impose an economic burden of $1 trillion annually in the U.S., underscoring the urgent need for innovative solutions like Citizen Health.

Citizen Health’s launch is bolstered by a strategic investment and collaboration with CZI’s Rare As One Project, which supports patient-led organizations working to accelerate research and improve the lives of people affected by rare disease. Citizen Health founders’ personal experiences navigating the healthcare system as patients and caregivers inspired them to partner with CZI. CZI’s support aims to help rare disease groups and scientists better understand rare diseases, accelerate the launch of clinical trials and advance drug development.

“Rare diseases are not as rare as they seem, and empowering patients to direct their data to research opportunities can accelerate biomedical research for everyone,” said Tania Simoncelli, vice president of Science in Society at the Chan Zuckerberg Initiative. “Citizen Health’s expertise in AI, healthcare, and commitment to patient centricity is opening new avenues for rare disease patients to drive research forward and advance the development of new treatments.”

Citizen Health plans to announce additional key partnerships and new product features in the coming months, further benefiting patients and advancing their mission to transform the healthcare landscape for those with rare and complex conditions.

About Citizen Health
In 2023, Citizen Health was founded to fundamentally flip the healthcare system on its head: empowering patients to take charge of their own care through individual health data, as well as driving industry research to accelerate treatments for those who need it most. 

Inspired by personal experiences and an incredible bench of passionate leadership with expertise spanning tech, healthcare and business, Citizen Health’s mission is to use the power of shared experiences to provide relief to patients, caregivers, and families navigating rare and complex conditions.

Citizen Health sees a future where any patient, at any stage, of any condition, has immediate access to exceptional guidance on the best personalized actions to take at that point in time.

About the Chan Zuckerberg Initiative
The Chan Zuckerberg Initiative was founded in 2015 to help solve some of society’s toughest challenges — from eradicating disease and improving education, to addressing the needs of our communities. Through collaboration, providing resources and building technology, our mission is to help build a more inclusive, just and healthy future for everyone. For more information, please visit chanzuckerberg.com.

Media Contact:
Rachel Ford Hutman
Ford Hutman Media
[email protected] 

SOURCE Citizen Health

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Company Has Raised $22 Million in Series A Funding to Enable Growth and Company’s Culturally-Focused Centers, First to Soon Launch in California

LOS ANGELES, Nov. 18, 2024 — Seen Health, the health care organization enabling seniors to age at home through a culturally-focused care model built upon the proven Program of All-Inclusive Care for the Elderly (PACE), has publicly launched and announced $22 million in funding to expand access to care for more than 10 million eligible seniors nationwide. The first center is set to open soon in California.

For more than 50 years, PACE has been considered the gold standard of senior care, delivering comprehensive medical and social support for seniors with chronic conditions who are covered by Medicaid and Medicare — providing an alternative to nursing home care by enabling seniors to stay in their homes. Despite PACE’s strong outcomes, with 24 percent lower hospitalization rates and high satisfaction, fewer than five percent of eligible seniors are enrolled. Seen Health aims to change that with community-focused, technology-enabled care through its centers and in participants’ homes.

Twin brothers Xing and Yang Su founded Seen Health out of their own experiences in supporting aging family members. They bring over a decade of experience each from leading technology companies including Uber and Salesforce, partnering with clinical leaders to create a PACE model that expands culturally relevant, high-quality care to underserved communities.

“We experienced firsthand the challenges of caring for our grandparents. Despite having a resourceful and supportive family, ensuring our family members had sustainable, quality care was daunting,” said the Su brothers. “With Seen Health, we are building a care model that reflects the same level of care and attention we wished for our own grandparents, making high-quality care accessible to many more of the millions of seniors and their families who deserve exceptional care.”

Seen Health’s Series A funding, led by 8VC with participation from Basis Set, Primetime Partners, Virtue, and Astrana Health, will fuel development of the company’s technology and the launch of its first center in California.

By engineering operational excellence through technology, Seen Health is overcoming barriers that have historically limited organizations’ ability to scale their impact. Their integrated platform—combining innovative devices, a PACE-centric EHR, and advanced AI infrastructure—serves as a force multiplier for their interdisciplinary team, enabling more personalized care delivery while managing full-risk health plans for highly frail seniors. This comprehensive approach improves both outcomes and economics, making PACE’s gold-standard care more accessible to underserved communities.

“Seen Health modernizes the PACE model, combining clinical and operational excellence with breakthrough technologies that automate back office tasks and empower care teams,” said lead investor Sebastian Caliri, partner at 8VC. “Xing and Yang have staked out an inspiring vision of what senior care can be, and cleared every hurdle in their path to reach this point. We couldn’t be prouder to support their mission.”

The first Seen Health center, opening in Los Angeles County’s San Gabriel Valley, will serve the local Asian and Pacific Islander (API) community, the U.S.’s fastest-growing ethnic group. With ties to the origins of PACE in API communities in San Francisco in the 1970s, Seen Health’s care model and centers are designed with a cultural focus — including providers and staff who speak participants’ native language, family involvement in care, the incorporation of Eastern medicine, and cultural activities.

“Providing culturally competent care to underserved communities in a way that a patient and their family best receive it has always been core to our mission at Astrana Health,” said Brandon K. Sim, President & CEO, Astrana Health. “This driving principle has not changed from our founding more than 30 years ago. For this reason, we are proud to be supporting and working with Seen Health as they leverage their proprietary technology and care model to drive our shared mission: addressing the highly complex healthcare and social needs of our community in a way that makes each patient feel truly at home.”

Seen Health has brought together experienced leaders in PACE and health care, including Dr. Victor Lee as Medical Director, bringing decades of experience in geriatric medicine and PACE, Meena Ramachandran as Chief Product Officer and Head of People, formerly Chief Product Officer at Brightline, Victor Madero as VP Network, formerly VP Medicaid Strategy at Optum California, and Patricia Sandoval, MPA as center director, who has led operations at four California PACE programs and served on the CalPACE board.

About Seen Health
Seen Health is providing exceptional aging experiences by offering seniors culturally-focused, technology-enabled care built on the proven 50-year legacy of PACE (Program of All-Inclusive Care for the Elderly). The company’s mission is to empower older adults to age at home with dignity, comfort, and the care they deserve. Committed to improving access to high-quality, long-term care, Seen Health proudly supports underserved senior communities so they can be truly Seen. Learn more at seenhealth.org.

SOURCE Seen Health

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Empowering Global and Local Educational Initiatives Through Employee-Led Philanthropy

WALNUT CREEK, Calif., Nov. 18, 2024 — One Planet Group is thrilled to kick off the annual Holidays with a Purpose campaign, an employee-driven initiative that channels the festive spirit into philanthropic action. This special program, conceived and championed by our dedicated team members, aims to raise $200,000+ in support of two exceptional organizations: Starfish International and Parent University. The One Planet Group employees are not only the heart behind this effort but also contribute significantly through their donations, demonstrating their deep commitment to impactful giving during the holiday season.

“As we gather this holiday season, we are profoundly grateful for the chance to enhance our celebrations by supporting the outstanding work of Starfish International and Parent University,” stated Payam Zamani, Founder of One Planet Group. “It is a genuine honor to collaborate with Mam-Yassin Sarr and Michael O’Neal, founders of these inspiring organizations and cherished friends of my wife, Gouya, and myself.”

The campaign, running through December 31, 2024, includes a commitment by One Planet Group to match each donation up to $100,000 in the hopes of doubling the impact of this campaign.

Starfish International and Parent University believe that education is foundational to improving our world. Starfish International is committed to the empowerment of young women and girls in The Gambia, unlocking their potential and enabling them to contribute meaningfully to society. Similarly, Parent University based in Savannah, GA, plays a critical role by fostering robust partnerships between parents and educational institutions, thereby strengthening the fabric of the community. This concerted effort by both organizations not only highlights the global and local importance of education but also reflects the deep commitment of their founders and teams who have dedicated their lives to this cause. To view humanity as a “mine rich in gems” underscores that through education, we can reveal and utilize these treasures for the betterment of society.

Over the years, Holidays with a Purpose has raised over $2.2 million, benefiting organizations like Lidé Haiti, Tahirih Justice Center, FEED, and MONA foundation. One Planet Group is thankful for the generosity of its employees, customers, partners, and friends who have always generously given to this effort and looks forward to once again partnering this holiday season to promote the important work of these two organizations.

One Planet Group believes that integrating business ventures with efforts focused on the betterment of the world can propel our work to greater heights. This is a fusion of spiritual values with business strategies which attempts to bring about a meaningful contribution to society while also elevating our professional lives to something much more fulfilling.

One Planet Group invites all to a live event featuring the founders of Starfish International and Parent University on December 12th at 9 AM PST via online streaming, where representatives from both organizations will share more details about their efforts. To learn more about Holidays with a Purpose and to join this campaign please visit holidayswithapurpose.org.

About One Planet Group
‍One Planet Group is a closely held private equity firm that owns a suite of technology and media businesses while also investing in early-stage companies. Owned and operated businesses span a variety of industries including ad tech, prop tech, publishing, and media. One Planet Group’s mission is to support strong business ideas while building an ethos that helps improve society and give back to communities. The company’s investment portfolio includes a diverse group of innovative tech-enabled products and solutions. Investing primarily in high-growth early-stage entities, emphasizing companies that aspire to ‘Innovation + Intention.’ One Planet Group was founded by entrepreneur Payam Zamani in 2015. With offices and employees in over ten countries, its global headquarters is in Walnut Creek, California. For more information, visit oneplanetgroup.com. 

About Parent University
Parent University is a community-based, non-profit organization dedicated to strengthening the bond between schools and the wider community. Their mission focuses on enhancing student learning by fostering strong community-school connections and enabling parents to collaboratively support and nurture their children’s educational journeys. This initiative provides support and guidance aimed at ensuring family success, offering various programs that cater to the educational needs of parents and children alike. For more information, visit parentuniversitysav.org.

About Starfish International
Starfish International is a non-profit organization dedicated to providing a well-rounded and quality education for Gambian girls and boys. Working annually with 100 girls and 35 boys, Starfish International has been in service for 12 years, uplifting, educating, accompanying, and providing a safe haven for their students’ growth, well-being, and development. Starfish’s mission is to uplift Gambian girls by providing them with a world-class education that is focused on service to humanity while at the same time providing international service-learning opportunities for volunteers. The values and the five qualities highlighted at Starfish International are nobility, independence, courtesy, knowledge, and service. As an organization, its major achievement is to have graduated and impacted over 900 students who are now doctors, teachers, lawyers, nurses, and many other professionals in their respective fields. Their three significant areas of impact are education, health, and agriculture, with a focus on mentorship, entrepreneurship, character development, scholarship opportunities, leadership training, career counseling, public speaking, and community service. For more information, visit starfishinternational.org.

MEDIA CONTACT
Bita Milanian, Head of Communications & PR, One Planet Group
pr (at) oneplanetgroup.com
(925) 237-9036

SOURCE One Planet Group Inc.

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Media Capital Partnership Fuels Growth in Outdoor Activities Market

REDWOOD CITY, Calif., Nov. 18, 2024 — Mercurius Media Capital (MMC), the first institutional U.S. media-for-capital fund, has announced a $1.5 million media capital investment in Captain Experiences, a rapidly growing outdoor sports marketplace company. The media capital partnership is designed to bolster Captain Experiences’ brand visibility and expand its reach in key U.S. markets.

With 165 million Americans participating in outdoor activities annually and $15 billion spent on guide fees, the outdoor sports market is thriving and positioned for significant growth.

“Outdoor sports are one of the last untapped frontiers for marketplaces, and Captain Experiences is proving there’s significant potential for business innovation in this sector,” said Piyush Puri, Founding Partner of MMC. “With their impressive growth, solid unit economics and commitment to customer satisfaction, we believe Captain Experiences is perfectly positioned to tap into the rising demand.”

Media capital is a proven venture model where growth-stage startups trade capital with media companies in exchange for mass market reach and expertise. Bringing together premium media publishers under one roof, Mercurius Media Capital provides startup companies and media partners with the ability to fight for market share in the digital media landscape. The infusion of media resources will allow Captain Experiences to scale its reach, leveraging MMC’s network of media assets.

“This is a pivotal phase of growth for Captain Experiences. This multimedia strategy investment allows our team to focus on continuing to advance our mission to Unlock the Outdoors,” said Jonathan Newar, Co-Founder & CEO of Captain Experiences. “We’re pleased to join forces with the fantastic team at MMC and look forward to sharing unforgettable outdoor experiences with people across the U.S.!”

The media-for-equity model is a fast-growing sector that has already fueled the success of more than 1000+ startups globally, including successful brands like Uber, Coursera and Airbnb.

About Mercurius Media Capital
Mercurius Media Capital (MMC) is an independent U.S.-based media fund backed by top-tier media companies, including Sinclair Broadcast Group and TelevisaUnivision. With its recently launched $50M+ fund, MMC strategically leverages media inventory from its partners to amplify the U.S. presence of emerging brands, accelerating their growth in the competitive startup landscape. Since its inception in December 2023, MMC has deployed media capital across several high-growth companies, including Deskera (a B2B SaaS ERP platform), Edly (a fintech platform for students), and RVnGo (a peer-to-peer RV rental platform). For more information, please visit www.mmc.us.

About Captain Experiences
Captain Experiences is a leading outdoor sports marketplace company based in Austin, Texas. The company’s mission is to make booking outdoor adventures seamless and accessible to all by connecting consumers with verified, experienced guides for fishing, hunting, and other outdoor sports. With over 170,000 users and 3,000 verified guides and service providers, Captain Experiences offers a streamlined, trustworthy platform for outdoor enthusiasts to book memorable experiences.

Media Contact
Interdependence PR
Angelic Venegas, Account Director
[email protected]

SOURCE Mercurius Media Capital

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SANTA CLARA, Calif., Nov. 18, 2024 — ANELLO Photonics, the creator of the Silicon Photonic Optical Gyroscope (SiPhOG™), today announced the successful closure of its Series B funding round reflecting robust investor confidence in the company’s groundbreaking approach to inertial navigation in GPS-denied environments. The investment was co-led by Lockheed Martin, Catapult Ventures and One Madison Group. Additional investors included New Legacy, Build Collective, Trousdale Ventures, In-Q-Tel (IQT), K2 Access Fund, Purdue Strategic Ventures, Santuri Ventures, Handshake Ventures, Irongate Capital and Mana Ventures. This funding round will accelerate ANELLO’s mission to revolutionize navigation and positioning in GPS-denied environments across both Industrial and Defense applications.

The participation of new investors highlights the significant interest in ANELLO’s groundbreaking SiPhOG technology which brings high precision optical fiber gyro performance onto an integrated silicon photonics platform. ANELLO’s solutions are perfectly designed to meet the rigorous demands of navigation, positioning, and motion tracking for autonomous applications in challenging GPS-jammed and spoofed environments.

“Every week there’s an article about a commercial flight or defense-related mission getting GPS jammed like thousands of flights to and from Europe affected by suspected Russian jamming. GPS has become a single-point of failure because it’s too easily compromised with various jamming & spoofing techniques. ANELLO’s proven and commercially available optical gyroscope is the only navigational tool that can take over: precision over long periods of time, the size of a golf ball, low power, low cost, that’s immune to shock and vibration. ANELLO will save lives in the air, on the road, and over water,” said Tony Fadell Build Collective Principal and Nest Founder.

“We are excited to announce our new series B funding round as well as our new investors in ANELLO” said Dr. Mario Paniccia, CEO and co-founder of ANELLO Photonics. “This investment not only validates our SiPhOG technology and products in the marketplace but will allow us to accelerate our manufacturing and product development as we continue to push the boundaries  and leadership for navigation capabilities and performance to our customers who want solutions for GPS-denied environments.”

“We’re committed to fostering the art of the possible with investments in cutting edge technologies, including advancements in inertial navigation that have the potential to enhance autonomous operations in GPS-denied environments,” said Chris Moran, Vice President and General Manager of Lockheed Martin Ventures. “Our continued investment in ANELLO reflects our mission to accelerate technologies that can ultimately benefit national security.”

ANELLO Photonics is actively collaborating with leading customers across diverse industries, including Construction, Agriculture, Trucking, Robotics, Unmanned Aerial Vehicles, Unmanned Underwater Vehicles, Autonomous Vehicles, Defense and National Security.

About ANELLO Photonics
ANELLO Photonics is a leading-edge technology company based in Santa Clara, CA. The company has developed the ANELLO SiPhOG™ – Silicon Photonics Optical Gyroscope – based on integrated photonic system-on-chip technology. ANELLO’s technology portfolio spans over 28 issued patents, over 44 pending patents, and also includes an AI-based sensor fusion engine.
ANELLO^® and SIPHOG^TM are registered trademarks of ANELLO Photonics.

About Build Collective 
Build Collective, led by Tony Fadell, is a global investment and advisory firm coaching engineers, scientists, and entrepreneurs working on foundational deep technology. With 200+ startups in its portfolio, Build Collective invests its money and time to help engineers and scientists bring technology out of the lab and into our lives. Supporting companies beyond Silicon Valley, Build Collective’s portfolio is based mainly in the EU and US with some companies in Asia and the Middle East. From tackling food security, sustainability, transportation, energy efficiency, weather, robotics, and disease to empowering small business owners, entrepreneurs, and consumers, the startups in Build Collective’s portfolio are improving our lives and prospects for the future. With no LP’s to report to, the Build Collective team is hands-on and advises for the long-term.

About Lockheed Martin Ventures
Lockheed Martin Ventures makes strategic investments in companies that are developing cutting edge technologies in core businesses and new markets important to Lockheed Martin.
More than a source of capital, Lockheed Martin Ventures provides portfolio companies with access to our world-class engineering talent, state-of-the-art technologies, and research and access to the company’s international business relationships and supply chain.

Media Contact:
Gerhard Boiciuc
312-505-5356
[email protected] 

SOURCE ANELLO

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COLUMBUS, Ohio, Nov. 18, 2024 — OneCompass Holdings is pleased to announce its strategic investment in Evolve Global Logistics (EGL), a minority-owned logistics company headquartered in Columbus, Ohio. Partnering with leading corporations across various industries, this investment strengthens Evolve’s position in the logistics sector.

Evolve Global Logistics has established a strong reputation for delivering innovative and reliable transportation solutions tailored to the needs of large corporations. With OneCompass’s investment, EGL will gain access to a wide range of advanced resources that will support its growth, operational excellence, and scaling capabilities—enabling it to serve an even broader customer base with increased efficiency. OneCompass is dedicated to empowering Evolve to expand its impact and continue strengthening its position in the logistics space.

Carlton Dean, CEO & Co-Founder of Evolve Global Logistics, commented on this recent investment.

“We are truly honored to be a part of the OneCompass family and believe they are an excellent fit for our goals in the logistics industry, especially in how we serve our community. Finding an organization that operates across multiple industries and has expertise in asset-based trucking and warehouse operations was essential. We are extremely pleased with this partnership and look forward to enhancing our brand identity while maintaining consistency in our work.”

Supporting companies in the logistics industry is nothing new for OneCompass Holdings; their original holding company, FST Logistics, is already a recognized leader in the field. With expertise in fostering growth within the logistics sector, OneCompass is well-equipped to guide companies like Evolve toward even greater success. As a strong contender in managed transportation, Evolve has tremendous potential to rise as a top industry player.

Matt Hartman, Chairman and CEO of OneCompass Holdings, commented on this recent investment.

“The team at OneCompass Holdings is very excited about our investment in Evolve Global Logistics (EGL). We are honored to have the opportunity to work closely with Carlton Dean, CEO and Co-founder of EGL, and John Bush, Director of Operations, to continue to invest in the growth of the business. The team at EGL has a proven track record of delivering excellence to their customers, employees, partners, and our community, collectively, the pillars that OneCompass Holding embraces in all our holdings. We are also very excited to see what synergies there will be with our bedrock holdings under FST Logistics as our teams begin to work more closely together.”

The partnership between OneCompass Holdings and Evolve Global Logistics represents a pivotal milestone for both organizations. Rooted in the local community of Columbus, Ohio, this collaboration highlights OneCompass’s dedication to cultivating diversity within its portfolio of holdings and supporting the growth of minority-owned businesses.

About OneCompass Holdings
OneCompass Holdings is an employee-owned holding company dedicated to empowering companies on their journey toward excellence. Through comprehensive shared services in finance, technology, human resources, and learning and development, they specialize in guiding companies through the complexities of strategic growth.

About Evolve Global Logistics
Evolve Global Logistics (EGL) is a minority-owned business focused on the transportation industry. Providing tailored logistics solutions, such as managed transportation services. EGL is committed to driving value for its partners while promoting diversity and inclusion in the transportation industry by delivering efficient, reliable, and innovative services.

SOURCE OneCompass Holdings

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LOS ANGELES, Nov. 18, 2024 — Moonvalley, a leading imagination research company building state-of-the-art generative AI creative models and tools, announced today it has raised $70 million in funding to date. This capital infusion will propel the development of groundbreaking AI tools and models designed to enhance trust, transparency, and efficiency within the media industry.

The company plans to use this funding to continue advancing AI research, developing creative tools and deep learning models. Working with a world class team of researchers, engineers and artists from companies like Deepmind, Google, Meta, TikTok, Microsoft and more, their goal is to build an artist-first creative suite for the film industry and creatives, cementing Moonvalley as a pioneer in the video model space.

“We’re energized by this incredible support, which accelerates our mission to build frontier foundational video models,” said Naeem Talukdar, Moonvalley Co-founder and CEO. “Our team consists of the best researchers in the world who are dedicated to this vision and this new capital enables us to push the boundaries of creative technology and design a new model that empowers and supports artists. Together, we’re driving transformative solutions that will shape the future of media in unprecedented ways.”

As the relationship between media and AI continues to evolve rapidly and not without skepticism, Moonvalley aims to establish itself as the most trusted partner for media organizations, building a trusted creative suite for the film industry and creatives. The new funding will also be directed towards expanding the company’s research and development efforts, hiring top talent, and accelerating the deployment of its cutting-edge AI solutions.

The funding round was led by General Catalyst & Khosla Ventures, with participation from Bessemer Ventures. Partners are Hemant Taneja, Samir Kaul & Byron Deeter, as well as Alexa Liataud (GC), Janelle Teng at Bessemer and Vinod Khosla.

“Moonvalley is advancing the entertainment industry by bringing together world-class talent to custom build generative AI video tools for filmmakers, artists, and brands” said Hemant Taneja, CEO and Managing Director of General Catalyst.

As Moonvalley leads the industry into the future, the company remains dedicated to collaborating with partners to tailor solutions that meet their unique needs, ultimately setting new standards for excellence and reliability in the media industry.

ABOUT MOONVALLEY 
Moonvalley is a deep learning research company building the next-generation of tools for creatives. Led by a founding team of Naeem Talukdar, John Thomas, Mateusz Malinowski, Bryn Mooser and Mikolaj Binkowski, Moonvalley has assembled an impressive team of researchers from DeepMind, Google, Meta, Microsoft, TikTok, and more.

SOURCE Moonvalley

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