SAN FRANCISCO, July 16, 2024 — Botrista, the company behind data-driven, automated beverage platform, has successfully closed Series C funding round, bringing its total capital raised to $120 million since inception. This substantial investment underscores Botrista’s growing market presence and indicates a significant shift in the restaurant industry’s approach to cold beverage menus, reflecting the increasing global demand for quality and innovative flavor profiles.

Since its establishment in 2017, Botrista has rapidly developed into a recognized industry player, working with partners in 37 states. The company’s advanced platform enables restaurants to effortlessly serve an extensive range of high-margin, on-trend cold beverages – from boba drinks and refreshers to smoothies, shakes, cold brew coffees, lemonades, cocktails, and energy drinks – all from a single, efficient machine.

This innovative solution has attracted the attention of major players in the food service industry and secured significant investment from global leaders, including the Series C round’s lead investor. Jollibee Foods Corporation (JFC). JFC, a global restaurant company with 18 brands in 33 countries, the second fastest-growing restaurant brand in the world.

Sean Hsu, CEO of Botrista and ex-Tesla automation engineer, expressed his passion for the partnership with JFC: “JFC’s support validates the vision for a more exciting beverage menu,” Hsu said. “This new funding will fuel our hyper-expansion into new markets and help more of our partners elevate their drink menu without increasing labor or complexity.”

JFC, a key player in the food service industry with 18 recognizable brands such as Smashburger, Jollibee and The Coffee Bean & Tea Leaf, believes strongly in Botrista’s potential to transform the restaurant landscape. “Botrista is a game changer for the beverage industry”, Dr. Tony Tan Caktiong, JFC Chairman said. “We’re investing in a company that enables food service operators to deliver a world-class customer experience and provides substantial runway for sustained profitable growth.”

Botrista will invest the capital to meet surging demand. The company will invest further in AI technology to continue to create data-driven beverage menus for brand partners. In addition, it will allocate resources to R&D to broaden its beverage offerings and continue to seek out global suppliers of the best quality ingredients possible.

Jason Valentine, Chief Strategy Officer for Botrista, highlighted the company’s market reach: “We currently serve partners across 37 states, including national restaurant chains, independent restaurants, college campuses, movie theaters, theme parks, and other alternative venues,” Valentine said. “The timing of this fundraising perfectly aligns with the high demand from new partners and significant interest from growing restaurant brands on a global scale.”

For restaurant executives looking to stay ahead of beverage trends and boost profits, Botrista’s solution offers a compelling opportunity. With its innovative technology and strong financial backing, Botrista is well-positioned to continue shaping the cold beverage landscape in food service, offering a clear vision of the future of drink service.

As Botrista strengthens its confident market position, the company remains focused on driving innovation, enhancing operational efficiency, and delivering value to its partners across the food service industry.

About Botrista
At Botrista, our mission is to help restaurants be more profitable by enabling them to serve trending beverages without added complexity. Offer your partners an ever-changing selection of premium, made-to-order drinks from over 2,000 recipes across 15+ categories — ready in under 20 seconds at just the touch of a button. From boba teas and iced coffee creations, to smoothies, refreshing blended lemonades, seasonal specialties, and more, Botrista is a full craft beverage platform. By blending innovation with nature’s flavors, we provide our partners with a long-term solution to keeping up with consumer trends. Expand and upgrade your drink offerings, boost profits, enhance operational efficiency—and keep your guests coming back for more. For more information, please visit Botrista.com.

SOURCE Botrista Inc.

New Funding to Streamline Transfer Pathways in North Carolina from Two-year colleges to Four-year Private Colleges and Universities

RALEIGH, N.C., July 16, 2024 — A newly funded technology platform provides more assurance to North Carolina community college students that their credits will count toward a bachelor’s degree at any private four-year university in the state. North Carolina Independent Colleges and Universities (NCICU) and the North Carolina Community College System (NCCCS) announced a new grant-funded partnership to facilitate the successful transfer of course credits for students moving from two-year colleges to four-year private colleges and universities in the state.

The new initiative will leverage technology from Acadeum to streamline the transfer process and reduce credit loss, to replicate this technology in other states through the generous support of a $1.3 million collective grant from the Teagle Foundation, the Arthur Vining Davis Foundations, ECMC Foundation, the John M. Belk Endowment, and the Bill & Melinda Gates Foundation. In addition, Lumina Foundation has provided complementary funding to ensure the involvement of NCICU and NCCCS faculty and staff in the development and implementation of this project. 

“We are fortunate in North Carolina to have both a comprehensive articulation agreement for students to be able to transfer the first two years of college courses and we also have discipline-specific agreements for those students who know the major they wish pursue,” said Dr. Hope Williams, the president of NCICU. “We are grateful to the funders of this project for helping us use world-class technology to streamline the transfer process with our partners from the North Carolina community college system.”

Nationally, 80% of entering community college students indicate they want to earn a bachelor’s degree or higher, but only 31% of those students actually go on to do so. For many students navigating the education landscape, the transfer process may pose a challenge in finding the “right fit” in terms of course credits accepted and majors offered at four-year institutions.

“Continuing to enhance transfer opportunities for North Carolina’s community college students is critical to helping them continue their education and improve their social and economic mobility,” said Dr. Jeff Cox, president of the North Carolina Community College System. “We are proud to partner with NCICU to strengthen the transfer process to help our students achieve both associate and baccalaureate degrees.”

Any credit loss can set students back financially and academically, creating unnecessary roadblocks to students completing their intended credentials.

The new funding will help the state’s community college students within NCCCS and students at Louisburg College in NCICU leverage a statewide transfer portal to be powered by technology partner Acadeum. Working in collaboration with other statewide transfer efforts, the project will build on existing state policies and articulation agreements in North Carolina, and specifically address four transfer frameworks:

• Associate degree transfer – facilitating four-year universities’ acceptance of general education or core credits earned at community colleges in order for students to maximize credit completion.
• Transfer pathways – enabling students to plan major-specific credits earned at a community college towards their degree at a four-year university to have the highest application of their community college credits.
• Transfer guarantee – providing the option of admission guarantees for community college transfer students who meet certain criteria so that learners have a clear understanding of admission requirements and confidence in acceptance of credit.
• Reverse transfer – helping students enrolled at four-year universities complete their associate degree while pursuing their bachelor’s degree.

The project will leverage the Acadeum Course Share platform (ACS), which allows participating colleges to offer available seats in open courses and map course equivalencies to help credit count at the home institution. Acadeum already works with multiple institutions within North Carolina and has a longstanding partnership with NCICU.

“Every student has their own unique education journey and should be able to move between institutions and receive full credit for their work,” said Luis Rincon, co-founder and chief strategy officer at Acadeum. “We are proud to support the innovative collaboration of NCCCS and NCICU as we work towards greater credit mobility through transfer pathways.” 

To learn more about the transfer initiative, contact Dr. Hope Williams at [email protected].

ABOUT THE NORTH CAROLINA COMMUNITY COLLEGE SYSTEM
The North Carolina Community College System is a network of 58 community colleges created to improve the quality of life across North Carolina by opening the door to opportunities that minimize barriers to post-secondary education, maximize student success and develop a globally and multi-culturally competent workforce. The 58 institutions located throughout the state provide easy access to low-cost, high-quality educational opportunities and academic support that focuses on increasing employability.

ABOUT NCICU
North Carolina Independent Colleges & Universities (NCICU) supports, represents, and advocates for North Carolina independent higher education in the areas of state and federal public policy and on education issues with the other sectors of education in the state. It also raises funds through the Independent College Fund of North Carolina for student scholarships and enrichment experiences, provides research and information to and about private colleges and universities, conducts staff development opportunities and coordinates collaborative programs. The presidents of the 36 colleges and universities that we represent make up our Board of Directors.

ABOUT ACADEUM
Acadeum helps colleges and universities expand academic resources that support student progress and equitable access to workforce opportunities. Today, more than 500 higher education institutions are members of the Acadeum network to offer in-demand courses and credentials they need to keep learners on track, and bolster existing or offer new programs.Institutions can improve retention and completion, and offer workforce-aligned and stackable certifications, while also unlocking new revenue to increase financial sustainability. To learn more about Acadeum, please visit www.acadeum.com.

SOURCE North Carolina Independent Colleges and Universities (NCICU)

Funding to Accelerate Development of Innovative Carbon Capture and Utilization Technology for Sustainable Protein Production

SUNNYVALE, Calif., July 16, 2024 — NovoNutrients, a biotech trailblazer transforming CO₂ emissions into premium protein, today announced the US$18 million successful first closing of a Series A financing that includes US$10.3 million in new capital and the conversion of US$8 million in previously issued SAFEs. The round was led by Woodside Energy, a global energy company, and co-led by CM Venture Capital, an advanced/sustainable material investment company. Other participants include SOSV’s IndieBio and Decarbonization Consortium, Happiness Capital, The Jeremy and Hannelore Grantham Environmental Trust, and Audacy Ventures. The round targets additional closings for a total of US$23 million.

NovoNutrients’ pioneering process captures industrial CO₂ emissions and combines them with hydrogen to produce Novotein™, a nutritious and environmentally responsible protein ingredient. NovoNutrients’ plans to utilize an asset-light strategy encompassing licensing and strategic partnerships.

The Series A funding will support NovoNutrients’ industrial pilot program, team growth, and commercial partnerships. NovoNutrients has already secured technology development agreements (TDAs) in the energy and nutrition sectors, including a TDA entered into with Woodside Energy in 2023.

“This investment brings us closer to realizing our vision of a world where industrial emissions are upcycled into essential nutrients for a growing population,” said David Tze, CEO of NovoNutrients.

Novotein™ has demonstrated its nutritional excellence and versatility in animal studies, comparing favorably to both traditional and emerging protein alternatives. This premium ingredient significantly reduces water and land use compared to conventional proteins.

The potential applications for Novotein™ span pet food, aquaculture, and plant-based alternatives for human consumption. This versatility helps to address the increasing global demand for cost-effective, sustainable protein sources across multiple markets.

“With this Series A financing, NovoNutrients is well-positioned to accelerate its growth and quickly become a leading supplier of CCU technology that enables sustainable protein ingredients,” said Min Zhou, Managing Partner of CM Venture Capital. “Their leading-edge approach aligns with our focus on renewable carbon, advanced materials science and hard-tech innovations. We have great confidence in the NovoNutrients team’s ability to execute their ambitious vision.”

This Series A round marks a significant milestone for NovoNutrients as it advances its technology. Supported by its investors and partners, the company is poised to make substantial contributions to global food security and industrial decarbonization. As NovoNutrients expands its technology and partnerships, it aims to become a leading provider of sustainable protein ingredients and a key player in the global transition towards a lower carbon economy.

About NovoNutrients
NovoNutrients transforms industrial CO₂ emissions into premium protein ingredients for food and feed. Their proprietary gas fermentation technology employs natural microbes to convert CO₂ and clean hydrogen into complete protein with nutritional value equivalent to beef. NovoNutrients’ efficient business model allows emitters to invest in profitable carbon capture and utilization projects, with NovoNutrients serving as the technology partner. Visit [www.novonutrients.com](http://www.novonutrients.com/) for more information.

About Woodside Energy
We are a global energy company founded in Australia, providing reliable and affordable energy to help people lead better lives. We aim to thrive through the global energy transition with a low cost, lower carbon, profitable, resilient and diversified portfolio¹. Today our portfolio includes a diverse range of oil and gas assets. We’re also developing a portfolio of new energy products and lower carbon services. Visit [www.woodside.com] for more information.

About CM Venture Capital
CM Venture Capital is a leading venture capital firm that invests in renewable carbon, advanced materials science and hard technologies. Backed by Fortune 500 companies – BASF, BAT, GE, Henkel, Heraeus, Petronas, Samsung, SABIC – CM Venture Capital has a global reach and a strong network in China. CM Venture Capital partners with ambitious entrepreneurs to build companies that address challenges in decarbonization, digital transformation, energy transformation and material transformation. Visit [cmventure.net] for more information.

NovoNutrients Media Contact:
David Tze, [email protected], 415-236-2455

SOURCE NovoNutrients

DreamBig’s open MARS Chiplet Platform with a leading Chiplet Hub^TM for scale-up and Networking IO Chiplets for scale-out enables customers to compose the most advanced AI solutions

• DreamBig empowers customers to forge the future of AI, datacenter, edge, storage, 5G and automotive solutions that are composable and scalable to meet their application specific needs
• DreamBig is leading 3D HBM stacking on the Chiplet Hub^TM, resulting in significant performance and efficiency gains for systems that are memory bandwidth dominated such as generative AI accelerators
• DreamBig revolutionizes chiplet ecosystem with its industry-leading platform, enabling customers to focus on development of differentiating chiplet-based technologies built around the Chiplet Hub^TM, and bring complete system-in-package or accelerator card products to market, regardless of scale

SAN JOSE, Calif., July 16, 2024 — DreamBig Semiconductor Inc., a pioneer in high-performance accelerator platforms utilizing its industry-leading Chiplet Hub™ with 3D HBM, today announced a $75M equity funding round. This round was co-led by the Samsung Catalyst Fund and the Sutardja Family. New investors include Samsung, Hanwha, Event Horizon, and Raptor, alongside continuing contributions from existing stakeholders including the Sutardja Family, UMC Capital, BRV, Ignite Innovation Fund, Grandfull Fund, amongst others.

These funds will bolster the development and commercialization of products built on DreamBig’s Chiplet Hub™ and Platform Chiplets. “This investment underscores the market’s recognition of DreamBig as a transformative force in AI and data center infrastructure,” stated Sohail Syed, Co-founder and CEO of DreamBig. “Our open MARS Chiplet Platform enables unparalleled scale-up and scale-out solutions so customers can achieve the highest levels of performance and energy efficiency at lowest cost and fastest time-to-market.”

“We are delighted to co-lead DreamBig’s Series B round and partner with an exceptional team leading the path to streamline chiplet-based AI solutions,” said Marco Chisari, Head of Samsung Semiconductor Innovation Center and Executive Vice President, Samsung Electronics. “The ever-growing demands for intensive workloads and memory-bound applications – from generative AI to automotive – are fueling the need for more advanced chiplet-based designs with 3D HBM stacking.”

The Chiplet Hub™ and Networking Chiplets deliver highly differentiated capabilities:

• Universal architecture support for CPU, AI, Accelerators, IO, Networking, and Memory Chiplets within a unified platform
• Memory-First Architecture for direct access from all chiplets to 3D stacked HBM, DDR, CXL, and SSD memory tiers
• FLC Technology Group fully associative hardware acceleration for Cache/Memory management
• DMA hardware for efficient memory data transfer from any source to any destination managed by the Chiplet Hub
• Virtual PCIe/CXL switch for optimized resource allocation
• Ethernet/UEC RDMA hardware for enhanced scalability
• Multi-Gigabit, low power Content Addressable Memory  for precision Match/Action processing at 800Gbps

“We are extremely proud of DreamBig’s accomplishments and its open MARS Chiplet platform with world leading Chiplet Hub^TM for scale-up and Networking IO Chiplets for scale-out enables customers to compose the most advanced AI solutions with UCIe/BoW compliant Chiplets leveraging Silicon Box Panel Level Packaging for the masses”,  stated Sehat Sutardja and Weili Dai, Co-founders and Chairman/Chairwoman of DreamBig. “It is our passion and determination to drive innovation by offering the most advanced technology for the new era of semiconductor Chiplet solutions globally. In the last several years, we have cofounded and invested in numerous companies to develop disruptive technologies which DreamBig has leveraged to lead the pack for the new Chiplet era.”

About DreamBig

Founded in 2019, DreamBig is developing a cutting-edge chiplet platform that drives the next wave of affordable, scalable, and modular semiconductor solutions for the AI era and beyond. DreamBig is renowned for providing the most advanced Chiplet Hub, facilitating the scaling of processor, accelerator, and networking chiplets. The company’s specialties include applications in Large Language Models (LLMs), Generative AI, Data Centers, Edge computing, and Automotive sectors.

SOURCE DreamBig Semiconductor, Inc.

The decentralized AI infrastructure platform will leverage funds to universalize access to cutting-edge AI

SINGAPORE, July 16, 2024 — Mira, a decentralized infrastructure platform to expand access to advanced AI, today announced the closing of a $9M seed round led by BITKRAFT Ventures and Framework Ventures, a major crypto-native venture capital firm best known for its early entrance in the DeFi space. The round also saw participation from Accel, Crucible, Folius Ventures, Mechanism Capital, SALT Fund, and notable angel investors.

Founded and operated by a team with experience at some of the largest tech companies including, Accel, Amazon AI, BCG, Uber, Stader, and more, Mira offers a user-friendly suite of SDKs that provides a solution for navigating the complexity of AI infrastructure today. The seed round is the latest step in the company’s continued growth and helps lay the foundation for future initiatives from the company. Mira plans to utilize the funds to expand its headcount globally and support the development of the Mira network and its first set of ecosystem applications including Klok, an AI copilot for crypto.

“Mira is set to offer hundreds of actionable AI workflows that save developers time and effort in creating and maintaining complex AI products. Mira also allows AI contributors to maintain sovereign ownership of their models, data, and their use while being able to monetize these resources via our marketplace,” said Karan Sirdesai, Co-Founder of Mira. “Crypto incentives play a key role in aligning our community to consistently maintain, evaluate, and advance our ecosystem, fueling its growth and capabilities. As Mira expands, it will unlock access to a whole new area of AI development and use cases which are primed to advance the technology sector.”

As an API marketplace, Mira allows developers and creators to consume open-source AI resources through easy-to-use AI SDKs. Through the combination of models, data, and compute, developers and creators can publish Mira Flows, a new AI primitive, for users to utilize for a usage-based fee. This fee is permissionlessly attributed and re-distributed to Flow creators and resource contributors through the Mira blockchain. Mira’s community zeros in to find and implement high-signal AI improvements, handling updates, and maintenance for global customers across domains such as software, gaming, media, etc., enabling them to experiment with building AI products at scale. A dozen teams are leveraging Flows to integrate open-source AI capabilities into applications, with many set to launch in the coming months.

“With the AI sector’s continued growth, the industry faces a considerable risk of monopolization by major tech corporations, who have a significant advantage over open-source communities because of their abundant resources,” said Framework Ventures Partner Roy Learner. “We think Mira can tackle this challenge by helping open-source developers monetize their work, ensuring compensation for their contributions, and reducing the loss of talent from the open-source community.”

“As a leading gaming fund, we’ve had a unique view of our portfolio companies leveraging AI models in building world class consumer products,” said Justin Swart, Principal at BITKRAFT Ventures. “Whether it’s hacking together open-source models or crafting bespoke tools, many developers want standardized workflows without surrendering their data to entrenched AI model providers. Mira is creating this infrastructure – enabling all developers to effortlessly build and sustain sophisticated AI products while incentivizing the open-source contributors who maintain them. This is why we’re excited to back this exceptional team..”

Join Mira’s community to create AI products, monetize and refine AI skills, and be among the first to join the beta for Mira’s first ecosystem app and crypto co-pilot, Klok.

About Mira
Mira is poised to transform how AI is developed, utilized, and maintained through its vision to democratize and simplify AI access, setting a new standard for AI as a service. Mira makes it easy for anyone in Web2 or Web3 to integrate AI technology into compatible platforms by minimizing complexities and incentivizing active developer participation through rewards. As an API marketplace, Mira allows developers and creators to consume open-source AI resources through easy-to-use AI SDKs. Mira leverages blockchain technology to secure the underlying data for the AI models, to ensure that all resources are properly allocated, and to enable developers to create Web2 and Web3-compatible resources. Mira was founded and brought to life by a team of AI and MLops developers with experience at some of the largest tech companies including Accel, Amazon, BCG, Google, Stader, and more. Mira is also backed by notable VC firms, such as BITKRAFT Ventures, Framework Ventures, and Accel.

Follow Mira on Twitter and join the Discord community to stay connected and help shape the future of AI.

About BITKRAFT Ventures
BITKRAFT Ventures is a leading global investment platform focused on Gaming and interactive media according to research from InvestGame and Drake Star Partners. Founded by industry pioneer Jens Hilgers, BITKRAFT serves a worldwide network that spans many of the industry’s forward-thinking startups and founders—including former executives from the likes of Activision Blizzard, Riot Games, Epic Games, Google, and Apple who are working to build and operate the virtual worlds and economies of the future. BITKRAFT operates six venture funds with a total of over $900M in assets under management and has over 100 companies in its global portfolio as of June 2024.

BITKRAFT’s experienced international team works closely with entrepreneurs to help create significant value through early candid partnerships, unique domain experience, entrepreneurial history, and a global ecosystem of strategic partners. Find out more about how BITKRAFT and its portfolio companies are seeking to push the boundaries of Synthetic Reality® by visiting https://www.bitkraft.vc/vision.

About Framework

Framework Ventures is a major VC firm in the crypto industry, known for its early investments in several multi-billion dollar protocols across the DeFi and web3 gaming industries. In 2022, the firm raised $400M for its third fund, and has since significantly expanded into additional maturing verticals like web3 gaming, real world assets, and social crypto. To learn more visit: https://framework.ventures/

Media Contact: 
[email protected]

SOURCE Mira

With backing from Failup Ventures and Uber Technologies, itselectric is expanding to seven U.S. cities; transforming urban EV charging infrastructure and powering electric ride-sharing fleets for 2030

NEW YORK, July 16, 2024 —itselectric, a Brooklyn-based electric vehicle curbside charging company, today announced its $6.5M seed round, bringing its total funding to date to $11.8M. The raise, led by Failup Ventures and Uber Technologies, and with participation from Halogen Ventures, The Partnership Fund for NYC, Pulse Fund, Newlab, Gratitude Railroad, Tale VP, Equity Alliance Fund, LACI Impact Fund, and The Helm, will support deployments across seven cities in the United States in 2024, including Boston, Los Angeles, Detroit, Jersey City, and San Francisco. With fresh funding, itselectric’s curbside charging infrastructure will also help support Uber’s goal of helping rideshare drivers go electric.

EV sales in the U.S. have quadrupled over the past four years, with more than four million EVs on the road. Additionally, charging ports are up 70%, with an estimated 170,000 publicly available chargers across the country. However, as of March 2024, the Office of Energy Efficiency and Renewable Energy predicts the U.S. will need 28 million EV charging ports to support over 30 million EV drivers by 2030. Moreover, new legislation in states like California and New York mandates that rideshare drivers transition to electric vehicles by 2030, underscoring the need for convenient and affordable curbside charging solutions.

“2023 was the hottest year on record with transportation as one of the largest contributors of U.S. greenhouse gas emissions. The decision to drive electric will make an impactful difference; however the lack of public charging is one of the leading barriers deterring drivers from making the transition from their current gas vehicles,” said Tiya Gordon, co-founder and COO of itselectric. “At itselectric, our mission is to make charging easy, convenient, and affordable not only for drivers, but for cities, providing the pathway for everyone to go electric.”

itselectric’s Level-2 charging posts eliminate the need for utility permitting, connection and coordination by connecting behind-the-meter to draw spare electrical supply from adjacent buildings. This allows them to be installed at zero cost to property owners or cities. itselectric then shares revenue earned at each charger with the property owners, bringing both clean transportation infrastructure and economic benefits to all communities. Additionally, itselectric offers the only UL-certified detachable cable EV charger, reflecting the company’s commitment to customer experience and innovation, with a focus on safety and product quality.

“itselectric has designed an innovative public charging solution that addresses the infrastructural barriers that cities face in the deployment of electric vehicle curbside charging,” said Topias Soininen, general partner at Failup Ventures. “Their thoughtfully designed chargers are a highly scalable solution that will rapidly bring curbside charging to the millions of city drivers who park on the street and contribute to the nationwide adoption of electric vehicles.”

“We are thrilled to invest in itselectric as part of our push for an all-electric future,” said Camiel Irving, GM of Uber US & Canada. “Electric rideshare drivers cut emissions up to four times more than regular motorists, but many lack off-street parking and home charging options. itselectric is innovating to address this and expand overnight curbside charging, helping more drivers confidently go electric, ease range anxiety, and boost earnings potential.”  

“itselectric is revolutionizing urban infrastructure,” said Jesse Draper, founding partner, Halogen Ventures. “Their mission to bring highly accessible curbside charging combined with economic benefits to urban communities, offers an innovative solution for a problem we need to urgently solve. We’re incredibly excited about itselectric as they expand across cities to make sustainable transportation a reality across the nation.”

“As a climate technology investor, Pulse Fund is dedicated to funding breakthrough solutions in the decarbonization of infrastructure and mobility,” said Tenzin Seldon, Founder & Managing Partner at Pulse Fund. “Our investment in itselectric underscores the company’s commitment to solve one of the most pressing challenges in the transition to electric vehicles in cities, serving 40 million US drivers who cannot charge due to a lack of dedicated off-street parking.”

“Access to reliable EV charging infrastructure is critical for the sustainable growth of urban areas like New York City. The Partnership Fund for New York City is proud to back itselectric, a Brooklyn-born company that is at the forefront of this transformation,” said Maria Gotsch, President and CEO of the Partnership Fund for New York City. “Their innovative solutions operate at the intersection of technology and the public interest. By making EV charging more convenient and accessible, itselectric is supporting carbon emissions reduction and clean transportation goals for New York City and state.”

For more information about itselectric and to join its waitlist as a property owner or EV driver, please visit itselectric.us.

About itselectric
Millions of drivers lack home or private garages and cannot transition to electric vehicles due to the lack of on-street charging. itselectric accelerates the adoption of EVs with its scalable and simple curbside charging solution ensuring that every community has access to clean, sustainable transportation options.

By making EV charging accessible to all, itselectric is actively reducing carbon emissions and promoting a greener future. Its “behind the meter” approach simplifies the installation process by eliminating the need for municipal coordination. Through partnerships with cities nationwide, itselectric manages the installation, operation, and maintenance of chargers at no cost to municipalities or building owners. This provides drivers with easy and affordable charging options while offering property owners monthly passive income and helping cities to meet their decarbonization targets.

To sign up for the waitlist, please visit itselectric.us/join.

SOURCE itselectric

SCOTTSDALE, Ariz., July 16, 2024 — Monetary Metals^®, an industry-leading gold company, is pleased to announce the successful completion of a $5.6 million equity capital raise via a private placement offering.

This is the largest raise to date, and brings the total equity raised since its founding to over $14 million.

Like all previous rounds, this round was oversubscribed. The Company raised $5,577,556, which will be used to continue to scale its Gold Yield Marketplace^® platform and acquire new customers.

Keith Weiner, Founder and CEO of Monetary Metals, expressed his enthusiasm for the outcome: “The overwhelming response from investors reaffirms our mission to build a global marketplace where everyone can save, earn, and finance production in gold. We are creating a new paradigm for gold yield and this funding will help us get to the next level.”

Sound Money Capital, AG, the privately held company of notable gold industry professionals Ronald-Peter Stöferle and Mark Valek, invested in the round.

“Monetary Metals’ approach to gold investment is revolutionary. By enabling investors to earn interest on their gold holdings, they are not only preserving wealth, but growing it in a sustainable manner. I am impressed by their track record, professionalism, and the relentless drive of their founder Keith,” commented Ronald Stöferle, author of the annual “In Gold we Trust” report and managing partner and fund manager at Incrementum AG.

Through their precious metals leases and bonds, Monetary Metals has been delivering a yield on gold and silver to their clients since 2016. The company has a track record of over 57 funded transactions.

For more information about Monetary Metals and its offerings, please visit www.monetary-metals.com.

About Monetary Metals: Monetary Metals^® is Unlocking the Productivity of Gold^™ by offering a Yield on Gold, Paid in Gold^® to investors, and Gold Financing, Simplified^™ to gold-using businesses (mints, miners, refiners, jewelers, etc.). The company brings both sides together in its Gold Yield Marketplace^® a platform where everyone can save, earn, and finance production in gold. In addition, the company’s market analysis and proprietary charts, including the gold forward rate, are utilized by gold investors and gold-using businesses globally.

Contact:

Dickson Buchanan Jr.

Vice President Marketing

[email protected]

646-653-9729

For additional information or press inquiries, please contact [email protected]

SOURCE Monetary Metals & Co.

AI-Powered Solution Revolutionizes Civil Engineering Decision-Making

NEW YORK, July 16, 2024 — Celebrating a significant milestone, Dynamic Infrastructure announces that 14 more counties across the USA have embraced its Personal Virtual Assistant Engineer solution, underscoring its pivotal role in modernizing civil engineering practices. This AI-driven solution is meticulously crafted to empower civil engineers in their daily decision-making processes, enhancing efficiency and infrastructure sustainability.

Designed from the ground up, Dynamic Infrastructure’s Personal Virtual Assistant Engineer leverages advanced AI algorithms to deliver real-time insights and predictive analytics. By seamlessly integrating into existing infrastructure systems, this innovative tool optimizes maintenance schedules, reduces operational costs, and enhances overall asset management.

“Our AI solution is not just a tool but a real game changer for County Engineers and Public Work Directors,” said Saar Dickman, Dynamic Infrastructure CEO. “It equips them with fast/quick/ongoing actionable data to make informed decisions, ensuring optimal infrastructure performance and public safety.”

The widespread adoption of Dynamic Infrastructure’s Personal Virtual Assistant Engineer underscores its effectiveness in revolutionizing civil engineering practices across diverse geographical landscapes. As more counties across the USA integrate this cutting-edge technology, Dynamic Infrastructure remains committed to advancing infrastructure resilience and enhancing public safety

About Dynamic Infrastructure: Dynamic Infrastructure is a leader in I-driven solutions for civil infrastructure maintenance. Dedicated to enhancing infrastructure resilience and sustainability, Dynamic Infrastructure empowers Counties with state-of-the-art tools for optimizing asset management and improving public infrastructure outcomes.

Media inquiries can be made to Orly Ben-Eliyahu, +1 (240) 731-8864, [email protected].

www.diglobal.tech 

SOURCE Dynamic Infrastructure

• New financing paves the path to profitability as Thyme Care mainstreams value-based cancer care; capital injection will support the anticipated broad rollout of national health plan coverage, power provider growth in new regions, and expand its reach to more patients in need
• Thyme Care challenges inefficiencies and waste in today’s fee-for-service environment through 24/7 virtual care navigation, deep technology and data insights, and groundbreaking oncologist-led therapeutic interventions
• By harnessing relationships with oncology practices, primary care groups, and health plans, Thyme Care uniquely assumes two-sided financial risk to align payment incentives with care quality, while delivering an unparalleled patient experience 

NASHVILLE, Tenn., July 16, 2024 — Thyme Care, the leading value-based cancer care enabler, today announced the close of a $95M capital raise. With $55M in equity funding, Thyme Care welcomes new investor Concord Health Partners with participation from all existing investors, including CVS Health^® Ventures, Town Hall Ventures, a16z Bio + Health, AlleyCorp, Echo Health Ventures, Frist Cressey Ventures, and Foresite Capital. Banc of California will provide an additional $40M in debt financing, bringing Thyme Care’s total amount raised to date to $178M.

The cancer care ecosystem is nearing a financial breaking point, with drug costs accounting for up to 70% of the total cost of care and many life-saving cancer therapies costing upwards of $200,000 per year. Meanwhile, the experience of cancer care varies widely based on an individual’s location, access to care, and ability to navigate the healthcare system. Many patients, particularly those already facing socio-economic barriers, experience gaps in support, financial toxicity, and a lack of coordination between visits.

Thyme Care’s suite of services, including its 24/7 specialized cancer care navigation services, robust technology and data insights, and provider-led therapeutic interventions enable a more seamless patient experience and drive sustainability across the ecosystem. Its core navigation services, including interventions to minimize acute care utilization and increase access to social services, show a $594 reduction in total costs per month for navigated patients compared to a control group. Through Thyme Care’s Medicare Advantage and commercial payer agreements, as well as its collaborations in CMS’s Enhancing Oncology Model (EOM), Thyme Care assumes financial responsibility for oncology populations at scale to reduce the total cost of care and improve outcomes and experience.

“Thyme Care’s ability to enhance patient outcomes and reduce the total cost of care is directly aligned with our mission at Concord to support best-in-class companies with solutions that improve quality, increase access, and reduce cost of care,” said James Olsen, founder and managing partner at Concord. “Their provider-led interventions targeting ballooning oncologic drug spend and acute care utilization highlight their unique approach to system-wide affordability, and their deep partnerships in cancer care mark their proven success. We look forward to partnering with Robin, Bobby, Brad, and the rest of the Thyme Care team to help the company scale in a market where its differentiated solution can so greatly impact cost and quality.”

To reduce oncologic drug spend across the cancer care system, Thyme Care has operationalized provider-led pharmacy intervention techniques, including drug waste minimization protocols, clinically equivalent drug substitutions, and more. Over the past year, Thyme Care has rapidly expanded its Thyme Care Oncology Partner (TCOP) partnerships to spearhead value-based cancer care. By operating as an extension of the practice, Thyme Care deploys virtual care delivery services and analytic capabilities to reduce administrative burden, unlock practice efficiency, and enable success in new payment arrangements.

“Our latest funding is a testament to the dedication and expertise of our incredible team, whose relentless efforts drive our mission to transform the cancer care experience forward,” said Robin Shah, Thyme Care co-founder and chief executive officer. “We are profoundly grateful for the unwavering support and collaboration of investors, providers, and payer partners, whose commitment makes Thyme Care’s unique, provider-centered approach possible. Together, we are reshaping the landscape of oncology, ensuring better care and affordability for all.”

Thyme Care will use the new funds to grow and scale the business by expanding into new markets, investing in its existing oncology, primary care, and health plan partnerships, and deepening its clinical value-based care model. Thyme Care is actively managing more than half-billion dollars in medical spend across its risk-based contracts and is on pace to more than triple that number within the next year. In addition, the company has more than doubled its oncology partnerships over the past six months, with active plans to expand across the United States through additional contracts with health plans, employers, and risk-bearing primary care groups.

“Cancer is a complex and costly disease, but we’re committed to supporting both patients and providers to improve the care experience,” said Vijay Patel, managing partner, CVS Health^® Ventures. “Thyme Care’s provider-focused approach is transforming care delivery and supporting alternative payment models, and we’re excited about all the ways we can leverage our strategic expertise to continue their growth. We look forward to helping them scale these critical services to make cancer care more affordable and accessible.”

About Thyme Care
Thyme Care is the leading value-based care enabler, collaborating with payers and providers to transform the experience and outcomes for individuals living with cancer. The company partners with health plans, employers and risk-bearing providers to assume accountability for enhanced care quality, improved health outcomes, and reduced total cost of care. Thyme Care’s approach combines a technology-enabled Care Team and seamless integration with more than 800 oncologists in Thyme Care Oncology Partners, creating a hybrid collaborative care model that guides and supports the entire patient journey. Thyme Care empowers oncologists nationwide through purpose-built tech, advanced data analytics, and virtual patient engagement, driving better care and outcomes in value-based arrangements. Thyme Care is a founding member of CancerX, and is backed by leading investors. To learn more about how Thyme Care is enabling the shift to value-based care in oncology, visit www.thymecare.com.

Contact
Kimberly Dreisinger
Thyme Care Communications
[email protected]

SOURCE Thyme Care