Corteva to invest $25 million to acquire equity stake in gene editing innovator, Pairwise

Strategic collaboration to also form a joint venture to accelerate gene editing solutions

INDIANAPOLIS and DURHAM, N.C., Sept. 17, 2024 — Corteva, Inc. (NYSE: CTVA), a global leader in agricultural technology and Pairwise, a technology company pioneering the application of gene editing in food and agriculture, announced a collaboration today to accelerate the delivery of advanced gene editing solutions to farmers, ultimately benefitting both the environment and everyday consumers. Gene editing uses a plant’s own DNA to make precise improvements, providing growers with another critical tool to keep pace with the challenges facing food production, including those presented by climate change.

Anchoring the collaboration is Corteva’s $25 million equity investment in Pairwise, made under the umbrella of Corteva Catalyst, the company’s new investment and partnership platform focused on accessing agricultural innovation to drive value creation. The investment aims to help expand the reach and benefits of gene editing to a wide variety of staple and specialty crops.

In addition, Corteva and Pairwise have formed a joint venture to accelerate and expand the delivery of advanced gene edited technologies aimed at increasing crop yield for food, fuel and fiber production, despite increasing climate change.

The joint venture, which spans five years, will leverage both companies’ advanced gene editing capabilities to accelerate the delivery of gene edited products by generating and evaluating unique gene edits across multiple traits in a range of crops. Building on Corteva’s longstanding leadership in plant breeding and genetics, the companies will collaborate on the development and deployment of gene edited products that are more resilient to extreme weather events and climate change.

“Gene editing is a transformational technology for agriculture that will advance climate resilience in farming and drive the increased farm productivity needed to feed and fuel the world’s growing population,” said Sam Eathington, Corteva’s chief technology and digital officer. “As a gene editing technology leader ourselves, we are proud to work with Pairwise to accelerate the benefits of gene editing not only to farmers, but ultimately to those who rely on the availability of sustainably grown and affordable food – and that’s all of us.”

“Gene editing is poised to revolutionize agriculture, enabling the cultivation of crops that are more adaptive to climate change, are more nutritious and convenient for consumers, and deliver greater economics for growers,” said Tom Adams, Pairwise CEO and co-founder. “Through our Fulcrum™ Platform, we’re proud to be at the helm of applying this transformative technology in agriculture and, alongside partners like Corteva, accelerate the realization of these benefits across global stakeholders.”

Pairwise is a leader in using gene editing to make differentiated crops. Last year, the company launched the first CRISPR food in North America, and has multiple products in development across significant crops, including corn, soy, wheat, canola, blackberries, and more. The Pairwise Fulcrum™ Platform includes proprietary gene editing tools that provide the ability to not only turn a characteristic on or off but also, with base editing and related technologies, “tune” it to find it’s sweet spot for highest performance. Pairwise’s novel editing tools allow scientists to precisely tailor a wide range of genetic variation to develop new, distinctive plant varieties much faster and more effectively than through conventional breeding alone.

This is the first joint venture and major equity investment in gene editing made by Corteva Catalyst, the company’s new investment and partnership platform. The investment reflects Corteva’s nearly century-long track record (through its Pioneer brand) of championing innovation through partnerships, including with the global scientific community.

About Corteva:
Corteva, Inc. (NYSE: CTVA) is a global pure-play agriculture company that combines industry- leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world’s most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at www.corteva.com 

About Pairwise:
Pairwise is pioneering the application of gene editing technology in food and agriculture. The company brings together leaders in agriculture and tech to harness transformative genomic technologies to create innovative new products that benefit society. Pairwise is working to develop new varieties of fruits, vegetables, and large-acre crops, and to partner with organizations that seek to deliver innovation across the plant-based economy. Backed by industry leading investors Deerfield, Aliment Capital, Leaps by Bayer, Temasek, and Corteva Catalyst, Pairwise raised $40 million in a successful funding round in September 2024, bringing total fundraising to $155 million. The company was co-founded by the company’s CEO Dr. Tom Adams and agriculture innovator Dr. Haven Baker, with scientific co-founders J. Keith Joung, Lead Translator at Arena BioWorks; David Liu, Director of the Merkin Institute of Transformative Technologies in Healthcare, and Vice-Chair of the Faculty at the Broad Institute of Harvard and MIT; and Feng Zhang, McGovern Investigator and a professor at MIT. For more information, visit Pairwise.com, and learn more about the differentiating Pairwise Fulcrum™ Platform here.

SOURCE Corteva, Inc.

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Investment will accelerate the company’s efforts to integrate real-world financial skills into K-12 classrooms nationwide.

LOS ANGELES, Sept. 17, 2024 — As states across the US continue to pass financial literacy mandates for K-12 schools, ClassBank (formerly ClassEquity) is excited to announce that it has closed $1M in Pre-Seed investment and grant funding. This funding will enable the company to expand its work with schools and districts nationwide, seamlessly integrating financial literacy education into existing curricula while fostering positive school culture and climate.

ClassBank was founded by Abby Coyle and Katie Gracey, former middle school math teachers, to create meaningful learning experiences that teach students real-life skills. Launched in the fall of 2021, ClassBank’s digital classroom economy platform has reached over 400,000 students nationwide.

“This financing provides critical fuel to help us achieve our revenue and growth targets by investing in marketing and sales resources, which will ultimately empower us to extend our impact in underserved communities,” said Abby Coyle, Co-Founder and CEO of ClassBank.

Ruthless for Good, a fund focused on investing in BIPOC and women-led companies in education and the future of work, contributed a significant portion of the raise. “We were excited to invest in ClassBank because of its focus on student economic empowerment and its teacher-driven design,” said Michael Ladipo, Senior Associate. “We strongly believe in their mission to take a community-driven, hands-on approach, helping students understand financial decisions before they face real-world challenges and ramifications.”

ClassBank, a participant in the Transcend Network’s global edtech fellowship program, also received investment from the Transcend Fund. Co-Founder Michael Narea noted, “Abby and Katie intimately understand teachers, students, and school leaders and have built a product equally addressing their often competing needs. Their ability to listen to their users and experiment quickly and responsibly in our fellowship is why we became proud supporters of their movement.”

Other backers include Brass Ring Ventures, led by exited edtech founder and CEO Miriam Altman-Reyes, Daniel Jhin Yoo, CEO of Goalbook, and The Yass Prize.

About ClassBank
ClassBank is an edtech company that equips K-12 students with essential financial literacy skills through a digital school currency platform. By integrating financial education into everyday learning, ClassBank empowers schools to foster positive behaviors and build stronger, more engaged communities. Learn more at https://www.classbank.com/. 

SOURCE ClassBank

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Global organisations need to translate sustainability ambitions into actions with granular accuracy.

SINGAPORE, Sept. 17, 2024 — Zevero, a global carbon accounting platform is proud to announce its inaugural seed funding round. The investment was led by Spiral Capital, with participation from East Ventures and several angel investors. This first raise marks a milestone of Zevero’s ability to grow global sustainability impact.

Having secured significant wins in the UK and European markets over the past three years by helping major consumer-goods brands such as DEYA, Delphis Eco and MOTH achieve their sustainability goals, the US$ 7 million investment will accelerate Zevero’s scaling efforts in global key markets such as Japan, U.S., Australia, and Asia-Pacific countries. This funding will enable the platform to meet the increasing global demand for comprehensive sustainability solutions, with a particular focus on enhancing its decarbonisation capabilities.

Zevero helps supply-chain-heavy organisations meet sustainability goals by using AI to match emission factors, integrating supply chain data, and offering global climate expertise along their decarbonisation journey. Amid rising regulatory and consumer demands, Zevero’s platform empowers businesses to assess their environmental impact across the full lifecycle of their products and operations.

The platform integrates advanced LCA methodologies with carbon accounting tools, offering businesses a detailed understanding of their environmental impacts and enabling them to make informed decisions to achieve their sustainability goals.

“Following a year of significant global commitments to net zero emissions, we have seen a surge in demand for robust, data-driven sustainability solutions. This funding allows us to expand our capabilities and continue delivering the innovative tools that businesses need to meet their regulatory and commercial obligations. The team is excited to lead the industry in providing accurate, scalable and actionable insights for carbon accounting,” said Shigeo Taniuchi, Co-Founder and Global CEO of Zevero.

“As demand for transparent, reliable sustainability data grows, Zevero is addressing business challenges with its carbon accounting tool and LCA solutions. Led by Mr. Taniuchi, with global management expertise, Mr. Kuratomi, a serial entrepreneur, and Mr. Richardson and Mr. Wade, both accomplished in European carbon accounting, Zevero’s leadership highlights its global reach. We’re excited to support their ongoing growth and market expansion,” said Tomokazu Okuno, General Partner, CEO of Spiral Capital.

“At Zevero, we’re dedicated to not only measuring carbon impact but also empowering our clients to make informed decisions to achieve their sustainability goals. This funding will help us enhance our platform, expand globally, and continue supporting our customers on their path to a net zero future,” said Ben Richardson, Chief Sustainability Officer of Zevero.

This funding round is two-fold, with Zevero continuing the raise and looking forward to talking to investors across the world. The secured investment further solidifies the company’s position to establish itself as an industry leader. Zevero will use the funds to continue expanding the business globally, enhancing its product and services.

ENDS

About Zevero

Zevero is a prominent carbon accounting platform dedicated to empowering organisations to achieve their sustainability goals. Its comprehensive software solution leverages AI, supply chain data integrations, and real-time, granular analytics to accurately measure, reduce and report business carbon emissions. With operations spanning 20 countries and managing over 100 million kgCO2e, Zevero is committed to driving global sustainability efforts.

To learn more: https://www.zevero.earth/ 

Media Contacts

Singapore, Japan, Asia Pacific

Name: Mizuho Taniguchi
Email: [email protected] 

UK, Europe, US

Name: Ellen Elkayam
Email: [email protected] 

Media Pack
Website: https://www.zevero.earth/
EN: LINK
JA: LINK 

SOURCE Zevero Pte. Ltd.

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Connectivity platform to use strategic financing for product innovation, continued growth

HOUSTON, Sept. 17, 2024 — Aerwave, a next-generation managed WiFi platform transforming connectivity in the multifamily industry, today announced $20 million of Series B investment from strategic partners. Moderne Ventures and a S&P 500 REIT, led this latest round, joined by Dominicus Wireless.

“With this round of funding, we are poised to broaden our footprint in the multifamily space, and fuel new product developments to enhance our current industry-leading offerings, enabling our customers to thrive in an increasingly competitive market by exceeding residents’ digital expectations,” said Jeff Kok, chief executive officer of Aerwave. “This funding will augment our dedication to excellence and innovation, and we look forward to continued leadership transforming the digital landscape of today’s apartment communities.”

Since forming in 2019, Aerwave has amassed a growing portfolio of more than 34,000 apartment homes spanning 28 markets across the nation. The company’s latest round of capital will provide the resources necessary to support the advancement of Aerwave’s platform, as well as continued client growth.

“We are thrilled to continue our partnership with Aerwave and accelerate the company’s next phase of growth,” said Constance Freedman, Founder and Managing Partner, Moderne Ventures. “Successful digitization and the future of AI requires a robust Wi-Fi infrastructure backed with dependable service to meet the evolving needs of today’s consumers and businesses. Aerwave’s impressive expansion and vast customer base is a testament to their differentiated approach and dedication to enhancing the modern telecom infrastructure around the globe.”

Having established partnerships with three of the top five multifamily REIT portfolios, as well as 18% of the NMHC top 50 owners, Aerwave expects to continue to double its size in 2025 by driving growth with MANAGED WI-FI: FOR OWNERS, BY OWNERS^™.

“As we continue to expand our industry presence, our commitment to providing a trusted product backed by superior service has never been stronger,” Kok said. “Earning the trust of our clients and the multifamily industry is paramount.”

Aerwave’s innovative product, a connectivity foundation for real estate, uses fiber-based mesh networking and proprietary software to provide multifamily communities with instant-on, gigabit-plus internet that ensures a pervasive and seamless WiFi connection throughout the entire property.

About Moderne Ventures
Moderne Ventures is a strategic venture capital and growth equity firm with more than $500M assets under management and a 16-year track record generating top-tier returns across multiple funds. Moderne is a generalist investor with a vertical approach focused on technology companies in and around the multi-trillion-dollar industries like real estate, finance, insurance, and sustainability – which make up ~20% of the US GDP and are ripe for innovation and disruption. The Fund focuses on companies that pertain both to these verticals and that can also expand beyond these industries to capture larger markets and top-tier venture returns.

Moderne differentiates itself by bringing customers to its portfolio companies. Moderne has both a Fund and an Industry Immersion Program, the Moderne Passport, designed to foster innovation, partnership and growth between industry partners and emerging technology companies. Moderne has built an extraordinary network of over 1,500 executives and corporations within its core industries and programmatically connects its portfolio to the industry network to help generate growth for the portfolio. Moderne has invested in over 150 companies across three funds and built a stellar track record through investing in companies like DocuSign, Caribou, Homesnap, ICON, Measurabl, Proof, Porch, Qloo, and Xeal.

About Aerwave
Aerwave, Inc. is a next-generation managed WiFi platform leading the transformation of the connectivity foundation in multifamily residential buildings across the United States. Aerwave provides an unparalleled customer service experience from a team of multifamily industry professionals while delivering fiber backbones to apartment homes, property management teams and amenity spaces all while keeping data secure and encrypted. Aerwave is leading the evolution of network intelligence for a better-connected experience by enabling the smart home, simplifying self-guided tours, enhancing WiFi calling coverage, and supporting its partners’ initiatives to make buildings smarter. To learn more, visit aerwave.com.

SOURCE Aerwave

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Announces New Installation of PickoBot™, Poised to Disrupt Autonomous Warehousing Ecosystem with Increased Efficiency and Reduced Costs

PETAH TIKVA, Israel, Sept. 17, 2024 — Pickommerce, a warehouse automation innovator, announced today it has secured $3.4 million in funding to advance the development, production and marketing of its innovative PickoBot piece-picking robot. Pickommerce’s technology is poised to disrupt the warehouse automation market, which is projected to grow at a CAGR of 53.4% and reach nearly $9 billion by 2029, according to research firm Mordor Intelligence. The funding round was led by IL Ventures, a fund focused on disruptive technologies for legacy industries, and includes InNegev, Fusion VC, the Israel Innovation Authority and strategic investor ZIM Ventures, the corporate venture arm of maritime shipping company ZIM Integrated Shipping Services Ltd (NYSE: ZIM).

Today’s logistics warehouses are increasingly automated, with processes like crate collection and package unloading now predominantly handled by robots. However, the final “Pick and Pack” step largely relies on human pickers, even in the most advanced warehouses. This presents a significant challenge, as there is a global shortage of tens of millions of workers in these roles. To fill this void, piece-picking robots are quickly becoming a critical component of the modern automated warehouse. They increase efficiency by picking and placing inventory for a wide range of items, reducing labor needs for repetitive tasks while improving performance and decreasing errors.

With PickoBot, Pickommerce has delivered the missing link in achieving a fully autonomous warehouse workflow, providing a superior solution for various industries such as apparel, retail (consumer goods, food, DIY, electrical, etc.), e-commerce, pharmaceutical, agricultural and spare parts. PickoBot utilizes an advanced computer vision system powered by machine learning that enables the safe and intelligent packaging of objects of different sizes, weights and textures. It features multiple gripping methods in a single station, including vacuum, finger-based, and patented adhesive-based grippers. An AI-driven decision-making algorithm selects the optimal gripper and grasp configuration for each item. Pickommerce’s patent-protected technologies significantly increase the variety of products that can be handled by robots in logistics, as well as the level of autonomy those robots possess.

IL Ventures’ Managing Partner Yoni Heilbronn said, “Pickommerce is disrupting the logistics industry by delivering advanced solutions that streamline automation operations, significantly enhancing their overall efficiency. In an industry where manual picking still overwhelmingly dominates the process, this solution is poised to redefine standards and drive a new era that’s more agile, responsive, and cost-effective. Booming demand for Pickommerce’s technology shows that the company’s solutions cater to an urgent and essential market need.”

Pickommerce’s recent installation at Havivian Farm, one of the largest organic farms in Israel, showcases the adaptability and precision—or in this case, gentle touch—of Pickommerce’s intelligent gripping technology. This organic farming enterprise turned to Pickommerce to reduce operational costs by automating their high-volume fresh produce packing line. Unlike competitive solutions, PickoBot is proficient at adapting to and handling the complexities of picking and packing fresh produce at a rapid pace. This capability is valuable for any supermarket that accepts online orders.

“At Havivian Farms, quality is at the core of everything we do. From planting seeds in the soil to harvesting our crops, we are committed to ensuring our customers receive the freshest, highest-quality goods,” said Boaz Havivian, Owner of Havivian Farms. “Pickommerce has been integral to this process. Their PicoBot enables us to efficiently handle and pack our produce for shipment, ensuring it reaches customers in perfect condition.”

“We appreciate the commitment from our investors, customers and partners, and we are seeing significant market demand for PickoBot,” remarked Kfir Nissim, Co-Founder and CEO of Pickommerce. “We are pushing the boundaries of the industry by offering unmatched flexibility with the PickoBot’s diverse gripping abilities. This is achieved through the seamless integration of advanced computer vision, a highly optimized packing algorithm, and AI-powered decision-making.”

About Pickommerce

Pickommerce AI Robotics is transforming logistics with its fully autonomous pick-and-pack station, addressing the industry-wide shortage of human pickers in warehouses and logistics operations. Leveraging advanced computer vision, AI, and patented robotic grippers, the company excels in both traditional and automated warehouse settings, enhancing operational efficiency and accuracy. Built on extensive academic research in robotic grasping, the technology seamlessly integrates with existing automation, setting new benchmarks in warehouse operations, lowering costs, and reducing reliance on manual labor. Visit www.pickommerce.com for more information.    

About IL Ventures

IL Ventures invests in disruptive yet tangible technologies that offer deep, actionable insights which drive better business decisions. The fund combines capital with incredibly deep operational experience and an unparalleled global network that helps founders rapidly scale and go global. Backed by top-tier global investors and partners, its team of company builders and industry executives is poised to unlock the full potential Israel’s most promising startups. For further information visit www.il-ventures.com.

About ZIM Ventures

ZIM Ventures is the technology-focused investment arm of ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), aimed at creating growth engines by investing in companies that bring disruptive technologies to the shipping industry and broader supply chain and logistics related sectors, as well sustainability related technologies. ZIM Ventures portfolio companies benefit from ZIM’s established market position and thereby gain the opportunity to accelerate the development and deployment of their products and solutions.

Founded in Israel in 1945, ZIM is a leading global container shipping company, operating in over 90 countries and across more than 300 ports worldwide. ZIM is recognized for advancing innovation and digitalization in the shipping industry and for leveraging technology to enhance operational and commercial excellence. Additional information about ZIM ventures is available at ZIM Ventures. 

About InNegev

InNegev is a technology incubator focused on fostering Israeli innovation in deep tech and climate tech, and contributing to the development of the Negev region. It is a collaborative initiative between leading industrial, academic, and financial institutions. InNegev supports early-stage startups by providing resources, mentorship, and connections to facilitate the development of cutting-edge technologies. Pickommerce, a company incubated by InNegev, has leveraged this support to achieve significant growth and secured a successful funding round. For further information visit www.innegev.com.

Contact:

Shira Harari, Marketing Manager, Pickommerce
Email: [email protected]
Phone: +9725236148090

SOURCE Pickommerce

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Aktywa Sceye wyceniono na 525 milionów dolarów. Firma jest gotowa do komercyjnego uruchomienia w 2025 r.

PARYŻ, 17 września 2024 r. — Podczas trwającego tygodnia światowej branży kosmicznej – World Space Business Week (WSBW) – Sceye, wiodąca amerykańska firma lotnicza specjalizująca się w systemach platform wysokościowych (HAPS), ogłosiła dziś pomyślne ukończenie rundy finansowania serii C, którą nadzorowała Mawarid Holding Company („Mawarid”), renomowana saudyjska korporacja o ugruntowanej pozycji w dziedzinie technologii informacyjno-komunikacyjnych, rozwiązań satelitarnych i cyfrowych.

Sceye poprawia swój bilans, zamykając rundę finansowania serii C, w ramach której aktywa spółki wyceniono na 525 milionów dolarów. Zapewnia to wystarczającą płynność finansową do pokrycia kosztów działań badawczo-rozwojowych, programów lotów i rozpoczęcia pierwszych operacji komercyjnych w 2025 r.

Wdrażanie strategii Sceye jest kontynuowane z powodzeniem w ramach strategicznego partnerstwa, po zaangażowaniu América Móvil jako największego inwestora w ramach rundy finansowania serii B, koncentrując się na obszarze Ameryki Łacińskiej.

„Runda finansowania serii C jest dla Sceye kamieniem milowym. Fundusze te przyspieszą rozwój naszej platformy i komercyjnej mapy drogowej, kładąc fundament pod komercjalizację naszej technologii HAPS w 2025 r. Partnerstwo z Mawarid zapewnia nam dostęp do nowych terytoriów i otwiera nowe możliwości rynkowe dla naszych innowacyjnych rozwiązań” – powiedział Mikkel Vestergaard Frandsen, dyrektor generalny i założyciel Sceye.

Ghassan Itani, zastępca prezesa Mawarid, dodał: „To partnerstwo wzmacnia zaangażowanie Mawarid w pionierskie postępy technologiczne i dostarczanie rozwiązań cyfrowych, które zaspokajają potrzeby kluczowych sektorów przemysłu. Włączając do naszej oferty technologię HAPS, wzmacniamy swoją pozycję kompleksowego dostawcy strategicznych rozwiązań branżowych”.

Ogłoszenie inwestycji w ramach serii C jest następstwem sukcesu, jaki odnotowano przy wdrażaniu programu lotów Sceye w 2024 r. Firma osiągnęła znaczący kamień milowy, demonstrując możliwości podtrzymania lotu nad obszarem działania. Lot testowy udowodnił, że HAPS firmy Sceye może działać w sposób ciągły z wykorzystaniem energii słonecznej zasilającej system w ciągu dnia i z magazynowaniem baterii dla zapewnienia nocnego lotu.

Osiągnięcie to oznacza pojawienie się nowej warstwy infrastruktury pomiędzy systemami naziemnymi i kosmicznymi. Odzwierciedla ono transformacyjny potencjał technologii HAPS w rozszerzaniu dostępu do łączności, zarządzaniu procesem reagowania na klęski żywiołowe, monitorowaniu zmian środowiskowych i wykrywaniu katastrof związanych z klimatem w czasie rzeczywistym.

Sceye
Sceye jest spółką z sektora kosmicznego, która powstała w 2014 r. Jej działalność skupia się na rozwoju technologii stratosferycznej, która ma łączyć ludzi i chronić planetę. Spółka jest liderem w branży platform wysokościowych (HAPS), a jej cele obejmują: zapewnianie uniwersalnej, ogólnodostępnej łączności, ulepszanie jakości monitorowania zmian klimatycznych, zarządzanie zasobami naturalnymi oraz zapobieganie klęskom żywiołowym.

Mawarid
Założona w 1968 r. Mawarid Holding Company (MHC) jest wiodącą saudyjską korporacją o zróżnicowanej ofercie obejmującej m.in. rozwiązania z zakresu technologii informacyjno-komunikacyjnych, rozwiązania satelitarne i cyfrowe. MHC jest ważnym podmiotem na globalnym rynku komunikacyjnym. Jest założycielem i udziałowcem Iridium Communications Inc. (Nasdaq: IRDM) od wczesnych lat 90., prowadząc działalność w różnych sektorach technologii informacyjno-komunikacyjnych i mediów na Bliskim Wschodzie (m.in. Salam, TLS, ATSS, „Noorsat: Geo-operator”).

KONTAKT: 
Jasmine Wallsmith
e-mail: [email protected]

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Sceye está valorada en 525 millones de dólares y lista para su lanzamiento comercial en 2025

PARÍS, 17 de septiembre de 2024 — En la World Space Business Week (WSBW) hoy, una empresa aeroespacial estadounidense líder especializada en sistemas de plataformas de gran altitud (HAPS), anunció el cierre exitoso de su ronda de financiación de serie C. La ronda fue liderada por Mawarid Holding Company (“Mawarid”), una importante corporación saudí con una presencia establecida en tecnología de la información y la comunicación, satélites y soluciones digitales. 

Sceye fortaleció su balance con el cierre de la ronda de financiación Serie C, que valora a la Compañía en una valoración previa al pago de 525 millones de dólares. Esto proporciona suficiente liquidez para financiar actividades de I+D, programas de vuelo y lanzar las operaciones comerciales iniciales en 2025.

Esta alianza estratégica continúa la exitosa estrategia de asociación de Sceye, tras la participación de América Móvil como el mayor inversor en su ronda de Serie B con enfoque en América Latina.

“La ronda de Serie C es un hito crítico para Sceye. Estos fondos acelerarán el desarrollo de nuestra plataforma y la hoja de ruta comercial, allanando el camino para la comercialización de nuestra tecnología HAPS en 2025. Nuestra asociación con Mawarid abre nuevos territorios y oportunidades de mercado para nuestras soluciones innovadoras”, dijo Mikkel Vestergaard Frandsen, consejero delegado y fundador de Sceye.

Ghassan Itani, presidente adjunto de Mawarid, añadió: “Esta asociación refuerza el compromiso de Mawarid con los avances tecnológicos pioneros y la entrega de soluciones digitales que sirvan a sectores industriales críticos. Al incorporar la tecnología HAPS, mejoramos nuestra posición como proveedor integral de soluciones estratégicas para la industria”.

Este anuncio de inversión de la Serie C se produce tras el éxito del programa de vuelo 2024 de Sceye, en el que la empresa alcanzó un hito importante al demostrar capacidades de vuelo perpetuo mientras permanecía sobre un área de operaciones. El vuelo de prueba demostró que HAPS de Sceye puede funcionar de forma continua, con energía solar que alimenta el sistema durante las horas del día y el almacenamiento en baterías que garantiza el vuelo nocturno.

Este logro significa el advenimiento de una nueva capa de infraestructura entre los sistemas terrestres y espaciales. Destaca el potencial transformador de la tecnología HAPS para ampliar el acceso a la conectividad, gestionar la respuesta a los desastres, controlar los cambios ambientales y detectar desastres relacionados con el clima en tiempo real.

Acerca de Sceye
Fundada en 2014, Sceye es una empresa aeroespacial dedicada a promover la tecnología estratosférica para conectar a las personas y proteger el planeta. Sceye lidera la industria de los sistemas de plataformas de gran altitud (HAPS), centrándose en la conectividad universal, el control del clima, la gestión de los recursos naturales y la prevención de desastres.

Acerca de Mawarid:
Fundada en 1968, Mawarid Holding Company (MHC) es una corporación saudí líder con una cartera diversificada que abarca, entre otras cosas, soluciones de TIC, satélite y digitales. MHC ha sido un actor en el panorama de las comunicaciones globales, incluido su papel como fundador y accionista de Iridium Communications Inc. (Nasdaq: IRDM) desde principios de la década de 1990 y sus operaciones en varios sectores de TIC y medios en Oriente Medio (como Salam, TLS, ATSS, “Noorsat: Geo-operator”).

Contacto para medios:
Jasmine Wallsmith
[email protected]

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Latest investment to combat the memory safety crisis, fueling cybersecurity leaders’ mission to protect critical infrastructure and safety critical systems.

MCLEAN, Va., Sept. 17, 2024 — RunSafe Security, the pioneer of a patented process to immunize software from cyberattacks without developer friction, announced the successful completion of a $12 million Series B financing round. This investment round, which includes participation from new and existing investors, will accelerate new product development and market expansion to EMEA and APAC.

The investment round led by Critical Ventures and SineWave Venture Partners also includes BMW i Ventures, Working Lab Capital, Lockheed Martin Ventures, HyperLink Ventures, Iron Gate Ventures, Alsop Louie Partners, and NextGen Venture Partners.

“This investment round will enable us to accelerate the rollout of our innovative solution to prevent attacks targeting both known and unknown vulnerabilities across critical infrastructure even when a patch is not available and without the need to rewrite a single line of code,” said RunSafe CEO, Joe Saunders.

This raise comes at a crucial time, as the US Government promotes guidance to reduce attack surface in critical infrastructure and the European Union Cyber Resilience Act mandates stringent cybersecurity measures, such as generating a software bill of materials (SBOM) when delivering software products. The partnerships forged will accelerate its expansion around the world, enhancing safety and security while bringing cyber resilience to critical infrastructure.

“RunSafe Security is leading the charge to protect our critical systems from global threats that are infiltrating our infrastructure through devastating memory-based vulnerabilities in software,” said Critical Ventures’ Managing Partner, Heitor Benfeito. “The company’s unique approach to immunizing software fast-tracks protection now, so focus can be on developers building new features. We are thrilled to be part of this journey and supporting the mission to make critical infrastructure resilient.”

Kasper Sage, Managing Partner at BMW i Ventures, stated, “Memory attacks pose an increasing threat to embedded systems within connected devices. RunSafe Security’s cybersecurity technology immunizes memory-based systems from unknown vulnerabilities and future attacks. BMW i Ventures is committed to advancing safety and security measures across the automotive supply chain and beyond and is excited to partner with Joe and the RunSafe team to support their mission.”

RunSafe has experienced remarkable growth recently, with back-to-back years of tripling annualized revenue. This success can be attributed to RunSafe’s innovative solutions that address the growing demand for the Cybersecurity & Infrastructure Security Agency (CISA’s) Secure-by-design strategies across various sectors.

“RunSafe’s products have been adopted by industry leaders such as Vertiv, Lockheed Martin, and the U.S. military, including the Army, Navy, and Air Force,” added Saunders. “With the expansion of the RunSafe Security Platform, we solidified our position as cybersecurity crusaders, offering automated solutions for identifying risk, protecting code, and monitoring software for embedded software deployed throughout critical infrastructure.”

For more information about RunSafe’s innovative solutions and strategic partnerships, please visit https://runsafesecurity.com.

About RunSafe Security
RunSafe Security immunizes software from cyberattacks without developer friction, disrupting hacker economics. Our security techniques inoculate customer systems from an entire class of cyberattacks. Our customers integrate our product across build tools chains without developer friction, protecting open-source software and proprietary native code without  changing system behavior nor affecting system overhead. Headquartered in McLean, Virginia, with offices in Huntsville, Alabama and Munich, Germany, RunSafe Security’s customers span the aerospace & defense, energy & industrial automation, transportation & autonomy, medical devices, and high tech verticals. Learn more at: https://runsafesecurity.com/.

Media Contact:
RunSafe Security
Staci Cretu, SVP & CMO
Staci@RunSafeSecurity.com
https://runsafesecurity.com

SOURCE RunSafe Security

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Sceye Valued at $525 Million and Poised for 2025 Commercial Launch 

PARIS, Sept. 17, 2024 — At World Space Business Week (WSBW) today, Sceye, a leading U.S. aerospace company specializing in High-Altitude Platform Systems (HAPS), announced the successful closing of its Series C funding round. The round was led by Mawarid Holding Company (“Mawarid”), a prominent Saudi corporation with an established presence in information and communication technology, satellite, and digital solutions. 

Sceye strengthened its balance sheet by closing the Series C funding round, which values the Company at a pre-money valuation of $525 million. This provides sufficient liquidity to fund R&D activities, flight programs and launch the initial commercial operations in 2025.

This strategic alliance continues Sceye’s successful partnership strategy, following América Móvil’s involvement as the largest investor in their Series B round with a focus on Latin America.

“The Series C round is a critical milestone for Sceye. These funds will accelerate our platform development and commercial roadmap, paving the way for the commercialization of our HAPS technology in 2025. Our partnership with Mawarid opens new territories and market opportunities for our innovative solutions,” said Mikkel Vestergaard Frandsen, CEO and Founder of Sceye. 

Ghassan Itani, Assistant Chairman of Mawarid, added, “This partnership reinforces Mawarid’s commitment to pioneering technology advancements and delivering digital solutions that serve critical industry sectors. By incorporating HAPS technology, we enhance our position as a comprehensive provider of strategic industry solutions.”

This Series C investment announcement follows the success of Sceye’s 2024 flight program, where the company achieved a significant milestone by demonstrating perpetual flight capabilities while staying over an area of operation. The test flight proved that Sceye’s HAPS can operate continuously, with solar energy powering the system during daylight hours and battery storage ensuring overnight flight.

This achievement signifies the advent of a new infrastructure layer between terrestrial and space systems. It highlights the transformative potential of HAPS technology in expanding connectivity access, managing disaster response, monitoring environmental changes, and detecting climate-related disasters in real time. 

About Sceye
Founded in 2014, Sceye is an aerospace company dedicated to advancing stratospheric technology to connect people and protect the planet. Sceye leads the High-Altitude Platform Systems (HAPS) industry, focusing on universal connectivity, climate monitoring, natural resource management, and disaster prevention. 

About Mawarid:
Established in 1968, Mawarid Holding Company (MHC) is a leading Saudi corporation with a diverse portfolio spanning, but not limited to,  ICT, satellite, and digital solutions. MHC has been a player in the global communications landscape, including its role as a founder and shareholder in Iridium Communications Inc. (Nasdaq: IRDM) since the early 1990s and its operations in various ICT and media sectors across the Middle East (e.g., Salam, TLS, ATSS, “Noorsat: Geo-operator”).

Media Contact:
Jasmine Wallsmith
[email protected]

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