NEW YORK, Oct. 12, 2023 — Zolve, a cross border neobank helping immigrants across the world gain access to financial services, is proud to announce that it has secured a warehouse debt facility of up $100 million from Community Investment Management (CIM). This milestone marks another significant step forward in Zolve’s mission to ensure the seamless movement of people and money across countries.

The $100 million debt fund secured from CIM will be used to cater to offering credit products to migrants in the US. This infusion of funds will enable Zolve to further empower individuals from a multitude of geographical locations and demographic backgrounds on their financial journeys, ultimately elevating their banking experience within the United States.

Since its inception in August 2021, the platform has attracted around 500,000 users, facilitating transactions worth more than $600 million. The company’s customer retention at > 86% (12 month) and the increase in organic and referral rate (now at >62%) over the last two years conveys that Zolve effectively addresses a persisting challenge faced by a substantial portion of its customer base.

“Zolve is driven by a vision of growth and inclusivity, breaking down financial barriers,” says Raghunandan G, Founder of Zolve. “I believe that when individuals embark on journeys to new countries, be it for education or work, financial barriers should never impede their progress. With the recent capital we’ve raised, we move closer to realizing a world where access to essential financial resources transcends borders and backgrounds.”

Trends Pointing to Increased Immigration to the US

Reports indicate that more than 2.5 million people immigrate to the US annually, contributing over $75 billion to the economy. Additionally, with over 45 million foreign-born residents, there is a significant opportunity to support their financial needs, including international money transfers, affordable insurance plans and loans.  “We are excited to be early supporters of Zolve’s vision to provide a comprehensive financial solution to the global immigrant community in the United States,” said Jacob Haar, Managing Partner of CIM. “In only two years of operations, Zolve has achieved remarkable growth within this creditworthy but underserved segment of the market and we are pleased to partner with Raghunandan and his team.”

The Road Ahead for Zolve

“Zolve has achieved remarkable growth within only two years of operations while ensuring profitable unit economics amidst a challenging global macro environment” says Anand Daniel, Partner at Accel, one of Zolve’s early investors.

With this new infusion of funds, Zolve is poised for further expansion. Geographically, UK, Canada and Australia top the list, given its popularity among global immigrants. Raghunandan G, further adds, “In the quarters ahead, we’re set to broaden our horizons. Our journey has just begun, and we aspire to extend our reach, offering a bouquet of inclusive financial services that elevate the financial experience for all.”

Zolve is a financial technology company, not a bank. The Zolve Debit Card, and Zolve Credit Card, and Zolve Azpire Credit Card are issued by Community Federal Savings Bank, Member FDIC and the Zolve account is offered by Community Federal Savings Bank. In February 2021, Zolve raised $15 Million in seed funding, led by Accel and Lightspeed followed by $40 Million raise in October 2021

Community Investment Management (CIM) is an institutional impact investment manager that provides strategic debt capital to demonstrate and scale responsible innovation in lending. CIM is dedicated to supporting organizations that drive positive change and foster financial inclusion, economic growth, and social impact. Visit https://cim-llc.com/

Photo – https://mma.prnewswire.com/media/2245818/Zolve.jpg
Logo – https://mma.prnewswire.com/media/2245816/Zolve_Logo.jpg

SOURCE Zolve

• New academic research awards to be jointly selected and funded in the field of cancer cell–extrinsic tumor dependencies, potentially creating novel therapeutics.
• Pioneering pharma/non-profit alliance allows pooling of both organizations’ expertise and resources in this emerging research area and commercialization of the most promising discoveries, including the possible creation and funding of spin-out companies.

NEW YORK, Oct. 12, 2023 — The Mark Foundation for Cancer Research today announced an alliance with Takeda to accelerate the discovery and development of novel treatments for cancer. The unique approach leverages The Mark Foundation’s global network of leading academic scientists and robust project review and funding platform, as well as Takeda’s extensive track record of developing life-saving cancer treatments. The alliance will spearhead an emerging area of research: advancing the understanding and development of treatments targeting ancillary cell types that collude with cancer cells in tumor formation and progression.

The Mark Foundation will receive financial support from Takeda to launch an exclusive workshop and co-fund external research projects. The scientific workshop will bring together hand-picked scientists from different disciplines to dream up novel approaches for suppressing the supportive environment that allows tumors to thrive. These scientists, and potentially others, will be invited to apply for academic research funding to initiate research on the exceptional approaches developed.

“The past two decades have demonstrated the power of using a precision medicine approach to target specific vulnerabilities within the cancer cell itself,” noted Ryan Schoenfeld, CEO of The Mark Foundation. “Through this collaboration, Takeda and The Mark Foundation have committed to pushing the boundaries by targeting the unique dependencies between the tumor biology and the multitude of stromal and immune cell types that support tumorigenesis, with the goal of turning transformative discoveries into life-changing therapies for patients. Takeda is the ideal partner for our first alliance with a pharmaceutical company, with their deep scientific expertise and commitment to external innovation. When exciting discoveries arise from these research projects, we will have a partner on board to help dramatically accelerate these innovations to reach patients.”

“Current therapies targeting the tumor, tumor microenvironment and the immune response are just the tip of the iceberg,” said Kathy Seidl, head of Takeda’s Oncology Drug Discovery Unit. “We are thrilled to work with The Mark Foundation and their network of top cancer researchers, some of whom are already on the road to validating novel targets in this emerging cross-section of cancer biology and the tumor microenvironment. The Mark Foundation’s expertise in attracting and reviewing cutting-edge proposals gives them a compass pointing toward the next big breakthroughs in cancer therapeutics. Our missions are shared: to advance innovative academic discoveries from the bench to patient impact.”

Takeda and The Mark Foundation have established joint governance of the alliance that will allow for a hands-on approach to supporting projects and their commercialization, including the possible creation and funding of spin-out companies. Sacha Mann, Senior Investment Director and Partner at Takeda Ventures, Inc., Adnan Abu-Yousif, Senior Director and Head of Cold-to-Hot Biology in Takeda’s Oncology Drug Discovery Unit, Becky Bish, Head of Discovery and Preclinical Research at The Mark Foundation, and Anna Turetsky, Principal, Venture Investments at The Mark Foundation serve on the alliance board.

About The Mark Foundation for Cancer Research

The Mark Foundation for Cancer Research, a charitable organization based in New York City, actively partners with scientists around the world to accelerate research that will transform the prevention, diagnosis, and treatment of cancer. Since 2017, The Mark Foundation has awarded more than $200 million in grants to over 100 academic institutions across 13 countries, with research programs focusing on early career support, team science collaboration, new technology innovation, and therapeutics discovery. Additionally, The Mark Foundation maintains a growing portfolio of investments in early-stage cancer diagnostics and therapeutics companies, including several that have transitioned from grantee projects into commercial development. To learn more please visit www.TheMarkFoundation.org.

Contact:
Linda Heaney
[email protected]

SOURCE The Mark Foundation for Cancer Research

Dedicated to Fostering the Next Generation of Emerging Breakout Beverage Brands 

LOS ANGELES, Oct. 12, 2023 — Alethia Venture Partners is pleased to announce the launch of their $50 million debut fund, Alethia Opportunity Fund I. The venture fund is actively deploying capital into the next wave of growth brands across the wider beverage category.

Alethia VP partners with exceptional founders building differentiated brands and products, with a clear path to scale and exit. Growth capital will be used to support sales, marketing, distribution, and logistics needed to scale. 

Mike Warren, Founder and Managing Partner of Alethia Venture Partners states, “We couldn’t be more excited at the possibilities ahead – now is the time to take a leading position across some of the most exciting opportunities within beverage. We’ve put together the best team to help propel these brands to the next level in 2023 and beyond.”

Alethia plans to make approximately 15-20 beverage investments ranging from $250,000 to $5 million, and the fund will seek to lead and co-lead series seed, A, and B financing rounds.

The fund is comprised of experienced operators, bankers, current and former C-level executives, and investors, including Brian Stolz, Logan Zinser, Bob Frady and Taylor Foxman. The team has achieved multiple exits over three decades and have operated and advised Fortune 50-1000 companies. Initial investments will be announced later this year.

To learn more visit https://alethiavp.com/  or email [email protected].

Communications Contact
Taylor Foxman
609-432-2237
[email protected]

Legal Disclaimer: This press release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services. Past performance is not indicative of future results.

SOURCE Alethia Ventures

$2.5M in additional funding brings Series A total to $7M and will further support product development and team scaling

INDIANAPOLIS, Oct. 12, 2023 — Prevounce Health, a leading provider of remote care management software, devices, and services, today announced the closing of $2.5 million in new Series A funding led by Cloud Hill Partners and Michael Hammond, former co-founder of Hammond Hanlon Camp LLC and H2C Securities, with participation from additional returning investors. The company has now raised $7 million in total Series A funding and will use the latest financing to advance its product and service offerings and scale its team to meet growing market demand.

Prevounce offers a comprehensive, cloud-based remote care management platform, proprietary cellularly connected patient devices, and expert managed services that empower efficient and effective remote patient monitoring (RPM), chronic care management (CCM), and wellness programs. Practice, health system, and payor clients benefit from Prevounce’s deep healthcare compliance and operational expertise, as well as its full-service device shipping and logistics support. Prevounce tailors RPM solutions, including any combination of software, custom devices, care services, and logistics, to meet specific client business and patient outcome goals.

“Remote preventive and chronic care services have a demonstrated ability to improve patient outcomes and increase practice revenue. Yet, the potential of these services often isn’t realized due to significant regulatory complexity and administrative burden,” says Daniel Tashnek, Founder and CEO of Prevounce Health. “We’re thrilled to see continued interest in advancing Prevounce’s mission to enable healthcare organizations of all sizes to implement comprehensive remote care programs that make connected health easy for patients and providers.”

Launched in 2019 by physicians, practice managers, and healthcare attorneys, Prevounce now has more than 450 healthcare organizations using its products to manage over 26,000 patients across the country with a variety of conditions, including hypertension, heart failure, diabetes, COPD, and preeclampsia. Both device agnostic and a data aggregator, Prevounce software connects to hundreds of third-party technology platforms and devices through integrations and APIs. 3.5 million vitals device readings have entered the Prevounce platform since launch.

“This is an exciting time as organizations across the healthcare continuum are recognizing a dire need to refocus how providers interact with their patients,” said Hammond, who also serves as Chairman of Prevounce Health. “We’ve seen fantastic growth at Prevounce. With this latest round of financing and exciting, new strategic partners and clients, we’re poised to remain the best partner for healthcare organizations building large scale remote care initiatives.”

About Prevounce Health

Prevounce Health helps simplify the provision of remote patient monitoring, chronic care management, preventive care, and annual wellness visits while ensuring compliance with regulatory and reimbursement guidelines. Prevounce provides resources and support that are custom-tailored to clients’ needs, allowing them to focus on providing good care to patients while reducing time spent on tedious paperwork. Prevounce’s goal is to allow provider organizations of all sizes to implement comprehensive patient wellness programs that increase their practice revenue, patient engagement, and clinical staff efficiency. Learn more at www.prevounce.com.

Media Contact:
Casey Johnson
(818) 253-8755
[email protected]

SOURCE Prevounce Health

Expand North Star 2023 accelerates global VC investment revival as deep tech game-changers choose Dubai as launch-pad for global growth

Record number of Indian start-ups to converge at four-day event’s new iconic Dubai Harbour venue

DUBAI, UAE, Oct. 12, 2023 — India’s burgeoning entrepreneurial spirit and proliferation of next-gen deep tech talent will take centre-stage next week in Dubai, as the world’s largest start-up event prepares to host the biggest showcase of Indian start-ups ever seen outside the south-central Asian nation. 

Hosted by Dubai Chamber of Digital Economy, one of the three chambers under the umbrella of Dubai Chambers, Expand North Star 2023 together will feature more than 1,800 exhibiting start-ups from 100-plus countries at its new Dubai Harbour venue from 15-18 October. This includes 200 breakthrough Indian companies choosing the emirate as their launchpad to scale up globally.

From international award-winning Google accelerated gaming innovators, to producers of de-carbonised protein for the US$500 billion animal feed industry, game-changers from the world’s third-largest start-up ecosystem are gathering in Dubai to woo investors and secure customers for global expansion.

Sustainable Agri-tech the formidable foundation of future commerce

Among the pioneering start-ups at Expand North Star’s new India Central feature is Noval Sustainability, which is launching DE-Carbon, an animal feed protein recycled from waste that, according to Founder Siva Sankar, is formulated to substantially reduce the environmental footprint of the carbon-heavy feed and meat industries.

“We will showcase the tech behind recovering protein from waste,” said Sankar, who will demonstrate at Expand North Star how Noval Sustainability’s manufacturing process decarbonises one of the world’s largest and most-polluting industries.

“The world wastes more than 30 percent of the food that is produced, and the same ratio holds for the amount of proteins wasted from meat consumption.  We are bridging the gap with a solution, and there’s a humongous untapped economic value in this waste. With an inclusion of just one percent of alternative proteins in animal feed, we’re looking at a US$500 billion industry.”

Scaling-up through deep tech immersive gaming 

Elsewhere, investors in the US$300 billion gaming industry will see a fresh injection of deep tech gaming platforms, spearheaded by Tuttifrutti Interactive’s Sophia’s Adventures fantasy themed game that uses cinematic quality Unreal 5 Nanite technology.

Ajish Habib, CEO of Tuttifrutti Interactive, a Google-accelerated, Epic Games Mega Grant recipient, and winner of 15 international awards, said Sophia’s Adventures alpha version will redefine the female gaming market, propelling the company, and potential seed angel investors, to exponential growth. 

“With its official launch for Sony PlayStation and VR2 market, Tuttifrutti will grow a minimum four times by 2025, and with an upcoming half a dozen IP games, we’ll scale-up over 165 times by 2028, targeting revenues of US$80 million,” said Habib.

“Immersive game tech coupled with AI and deep tech will revolutionise the gaming market, and we’re leveraging AI in all aspects in our product development, from designing game emotions, and fine-tuning design, to marketing, and customer acquisition.” 

Unveiling growth roadmaps

Manifested through its power-packed conference programme, Expand North Star will present key Indian unicorn founders will unveil the critical global growth path to unstoppable success.

Headliners include Bhavish Aggarwal, CEO & Co-Founder of Ola Cabs & Ola Electric, India’s largest ridesharing company with over 1.5 million drivers; and Abiraj Singh Bhal, CEO & Founder of Urban Company, a Series F $2.8 billion company offering the largest home services platform in India and UAE.

Expand North Star’s 10X Stage will also feature Rajan Anandan, Managing Director of Peak XV and Surge, a rapid scale-up programme for start-ups in India and Southeast Asia. Anandan is focusing on developing Surge into the world’s top scale-up programme for start-ups by acting as an investment advisor and mentor to the programme’s founders. He will share his visions for India’s booming start-up ecosystem for 2023 and beyond.

Forging deep cross-border economic ties to accelerate growth

Ballooning to nearly double that of the previous year, Indian participation at Expand North Star 2023 comes as the UAE and India continue to amplify bi-lateral trade and investment opportunities.

Under the Comprehensive Economic Partnership Agreement, the UAE and India plan to double the value of non-oil trade from 2023 to 2030, reaching US$100 billion. According to Dubai Chambers, 30 percent of the emirate’s start-ups are Indian-owned, while 83,000 Indian companies are registered in Dubai. Indian firms and non-resident Indian owned entities have also created more than one million UAE jobs.

Expand North Star 2023 will intensify these achievements, convening more than 1,000 tech investors and Venture Capitalists from 70 countries with US$1 trillion of capital to inspire, and scale-up the world’s most sought-after start-ups. 

Expand North Star is the powerhouse start-up event inspired by GITEX GLOBAL, the world’s largest tech show, which takes place from 16-20 October at the Dubai World Trade Centre (DWTC). The blockbuster duo, organised by DWTC, are spearheading the world’s biggest tech takeover in Dubai, spanning 2.7 million sq. ft. of exhibition space – a 40 percent increase over the previous year.

More information is available at www.expandnorthstar.com

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About Dubai World Trade Centre (DWTC):

A global business facilitator since 1979, Dubai World Trade Centre (DWTC) is home to region’s leading purpose-built convention and exhibition centre. DWTC provides a platform for connecting people, products, innovation and ideas from around the world through a dynamic calendar of international trade exhibitions and its own roster of sector leading mega events.  As a designated free zone, complemented by award-winning commercial real estate, DWTC plays an integral role in Dubai and the region’s growth story with an estimated total economic output of AED 200 Billion, attracting over 30 Million business visitors to Dubai over the past four decades.

Photo: https://mma.prnewswire.com/media/2245471/Expand_North_Star_Event_Dubai.jpg

SOURCE Expand North Star

THNDR’s game-changing wagering platform and API is reimagining competitive gaming on bitcoin.

NEW YORK, Oct. 12, 2023 — Today, THNDR announced its newest product, Clinch, an API that enables instantaneous, borderless, low-fee, peer-to-peer wagering using the Bitcoin Lightning Network. Created in response to the pain points of traditional competitive gaming platforms – including high buy-ins, cashout thresholds, slow payouts, and regional restrictions – Clinch makes global, limitless wagering a reality.

Targeting the $95B online gambling market, the Clinch API allows partners, such as online casinos, sports books, and competitive gaming platforms, to integrate global, high-frequency wagering without the restrictions, high fees, and slow processing of traditional gaming providers. Clinch is a revolutionary monetization tool for game developers and other businesses navigating ever-changing app store and developer platform policies.

Current competitive gaming typically enforces high buy-ins, often requiring users to deposit $20 or more to begin gameplay. These thresholds are untenable for the majority of global users, especially in emerging markets and developing regions, unable or unwilling to deposit such high amounts of funds. Clinch’s wagering rails make it possible for users to enter wagers for as little as one satoshi (1/100,000,000th of a bitcoin). Clinch not only opens the door for users globally, it also allows businesses using the API to reach and monetize this global audience.

As of the announcement, users can test out Clinch in THNDR’s portfolio of games, beginning with the cult-classic, Club Bitcoin: Solitaire, which reached #21 in the App Store and is the highest ranked bitcoin game of all time. Users can place a wager (in bitcoin) on a game of Solitaire against friends, and funds will be paid out instantaneously, peer-to-peer.

Select partners are currently testing out early API access and users should expect limitless Clinch wagering in an endless supply of games. Expanding the Clinch suite of offerings outside of skills-based wagering, THNDR is working with sports-betting and gambling companies to make high-frequency wagering globally accessible and more efficient while elevating the integrity and overall quality of the gameplay.

How it works: Clinch allows users to place wagers directly with peers, for exactly the desired amount – no upfront deposit required. Wagers can be placed for as little as one satoshi, or 1/100,000,000 of a bitcoin, and there is no upper limit on the wager size (although early Clinch versions will be capped as the tech is tested in production).

While similar wagering and betting innovations have been tested on other blockchain protocols, these are fraught with security vulnerabilities, negligent token issuance, centralization, and have garnered regulatory scrutiny. In light of the recent $41.3M hack of the online crypto casino and sports betting platform, Stake.com, Clinch offers a welcome alternative by giving users complete control of their funds. THNDR is the first company to launch a consumer wagering product and API on Bitcoin‘s Lightning Network.

Users can now test out early access, wagering bitcoin in near real-time, PvP Solitaire matches. Initial rollout is invite-only but users can sign up for rolling waitlist access. Developers interested in integrating the Clinch API are encouraged to visit api.clinch.gg for API documentation and access.

THNDR is a gaming infrastructure company focused on building products that enable competitive, connected play, frictionless rewards, and borderless wagering. THNDR’s newest product, Clinch, leverages the Bitcoin Lightning Network to enable instantaneous, depositless, peer-to-peer wagering.

Related Link:
https://www.thndr.games

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

SOURCE THNDR Games

Startup creates security and compliance automation platform for gene and oligo synthesis providers

NEW YORK, Oct. 12, 2023 — Aclid, the security and compliance automation platform for the biotechnology industry, today announced it closed an oversubscribed seed financing of $3.3 million. The funding will enable Aclid to meet customer demand for its real-time screening and verification platform.

The financing was led by 2048 Ventures and IA Ventures.

“Before Aclid, DNA synthesis providers struggled with error-prone, time-consuming, and expensive manual approaches to biosecurity and compliance. We knew we could make an automated product that is simple to deploy, keeps security teams focused on the most important risks, and always up-to-date with the latest regulations,” said Kevin Flyangolts, Aclid Founder and Chief Executive Officer. “Gene synthesis providers using our solution already spend less time reviewing orders and managing compliance. We’re excited to have the support of 2048 Ventures, IA Ventures, and our advisors to help secure DNA synthesis, the foundation of the bioeconomy. “

Julie Wolf, Ph.D., principal at 2048 Ventures, commented, “DNA synthesis is rapidly growing and decentralizing – a great step toward building a better future with biology. As the industry grows, we must ensure that this critical technology is used for the benefit of humanity. Aclid’s biosecurity platform ensures the safe and rapid growth of the bioeconomy.”

Securing Gene Synthesis to Reduce Risks
In July 2023, Senator Ed Markey (D-MA) and Representative Anna Eshoo (CA-16) introduced the Securing Gene Synthesis Act that mandates DNA synthesis providers to comply with screening regulations.

Separately, the Department of Health and Human Services (HHS) is strengthening its 2010 Screening Framework Guidance for Providers of Synthetic Double-Stranded DNA to cover oligonucleotides and gene synthesis equipment, including bench-top DNA synthesizers.

“In the 13 years since the release of the first DNA screening guidelines, security, and compliance have never been more important or more challenging for the gene synthesis industry,” said Harris Wang, Ph.D., Aclid Scientific Founder. “By automating the most time-consuming parts of the process – customer verifications and follow-up – Aclid makes it easy for gene synthesis providers to stay compliant.”

Aclid was founded by Columbia University Professor of Systems Biology Harris Wang, Ph.D., and Kevin Flyangolts. Bringing together their synthetic biology and engineering backgrounds, they formed Aclid to make genetic engineering safer.

About Aclid
Aclid is the security and compliance automation platform for biotechnology. Gene synthesis providers use Aclid to verify customers, screen DNA and RNA orders for pathogenic and toxic elements, and automate compliance checks. As the bioeconomy becomes more accessible and grows from the adoption of digital tools, lab automation, and AI, it also creates new security concerns. Aclid is growing the bioeconomy by making genetic engineering more accessible and safer. For more information, visit aclid.bio or follow on Twitter and LinkedIn.

About 2048 Ventures
2048 Ventures is a thesis-driven, earliest-stage venture capital firm that leads pre-seed and seed rounds in startups that are building businesses differentiated through technology and data. 2048 Ventures is a distributed team that invests across the US, Canada, and the UK. For more information, visit 2048.vc.

About IA Ventures
IA Ventures is a seed-stage venture capital firm investing in software businesses ahead of product-market fit. Since its founding in 2010, IA has backed more than 100 companies including Datadog, The Trade Desk, TransferWise, Flatiron Health, Komodo Health, DataRobot, DigitalOcean, and Recorded Future. For more information, visit iaventures.com.

SOURCE Aclid

SAN FRANCISCO, Oct. 11, 2023 — Intento, a leading machine translation and multilingual generative AI platform for global enterprises, announced an $8 million Series A funding round today. Led by Somersault Ventures, with additional participation from I2BF Global Ventures, Flint Capital, Scorpio Capital, Courtyard Ventures, Davidovs Venture Capital, and existing investors, the funding will be used to scale company operations amid significant growth, expand sales and marketing efforts, and introduce a new version of the Intento platform.

Meeting Marketing Demand Through Innovation

Intento is experiencing a two-fold growth in deal velocity in 2023, reflecting an expanding market appetite for its Enterprise Language Hub, which offers a seamless, customized language experience in over 650 languages.

“For the past five years, we’ve built our Enterprise Language Hub into a top choice for over 40 major enterprises. They rely on Intento for real-time translation of critical content, a feat made possible by our integration with over 40 Machine Translation platforms and early adoption of large language models like BERT and GPT. Our performance has surged with advancements in large language models in early 2023,” said Konstantin Savenkov, Intento’s co-founder and CEO. “Besides translation, we’ve found that our platform significantly improves Generative AI for non-English content, a key asset for our globally diverse clients. This investment will let us expand our tech and scale operations to meet rising demand.”

“Translation services and technologies is a crowded space for investors, and at Somersault Ventures, we love how the Intento team is building a truly unique product with a forward-looking approach to address what large enterprises need, giving them full control and easy deployment of machine translation and unparalleled ROI. We are also excited to see great synergies of the Intento platform with LLMs both in translation workflows and providing similar orchestration solutions for many other emerging applications,” said Alex Turbanov, Partner at Somersault Ventures.

Revolutionizing Language Solutions for Global Enterprises

Intento’s mission is to empower enterprise leaders to excel in providing best-in-class language experience for both customers and teammates. The company already serves over 40 global organizations, such as Agilent, Subway, Procore, Playrix, and the Government of Canada.

Intento’s Enterprise Language Hub allows these global teams to:

• Spend 20x less on translation by customizing Machine Translation models and automating source content improvement and post-editing.
• Make their best support articles, agents, and chatbots available 24/7 in over 650 languages
• Boost global productivity through language-inclusive digital workplaces
• Re-use and share the best prompts using the new GenAI portal and multiple software integrations.

A Leap Forward in Generative AI and Translation

The upcoming new version of the Intento platform will integrate generative AI natively into existing automatic translation workflows. This enhancement is expected to deliver up to a 90% improvement in translation quality, making it a game-changer in multilingual content accuracy.

For generative AI tasks, Intento multilingual orchestration yields an up to 40% increase in quality while reducing cost and processing time by up to 20-fold for non-English content. The new version of Intento Language Hub with a newly developed GenAI Portal will facilitate the integration of multiple generative AI models with machine translation in multilingual workflows across various software systems used by clients.

About Intento

Founded in 2016, Intento empowers enterprise leaders to excel in providing the best language experience to their customers and teammates using its advanced machine translation and multilingual generative AI technologies, in over 650 languages.

Intento Language Hub is ISO-27001 certified and integrates with existing software platforms, such as Salesforce, ServiceNow, and Translation Management Systems, to share MT/AI models across the enterprise and improve them based on feedback.

For more information, visit https://inten.to.

Media Contact:
[email protected]

SOURCE Intento

BELLEVUE, Wash., Oct. 11, 2023 — Media Partners Corporation, an eLearning provider committed to helping organizations build safe and respectful work environments, proudly unveils its rebrand to Atana Inc. With the successful completion of the final $6 million phase of the $16 million Series A financing, led by national family offices and members of the Seattle-based Alliance of Angels, Atana is poised to expand its market presence by offering groundbreaking AI-driven insights through a blend of high-quality training content and targeted behavioral assessments within each eLearning course.

Atana is the creator of the first comprehensive workplace learning experience backed by science and proven by data to deliver organizations measurable, meaningful behavior change at scale. This rebranding initiative aligns with Atana’s accelerated product innovation and evolution into a Software-as-a-Service (SaaS) provider. The company’s name transition to Atana mirrors that of its cutting-edge AI-driven analytics engine, Atana Insights, emphasizing its commitment to helping organizations attain their desired workplace culture.

“At Atana, we seamlessly integrate behavioral theory, organizational psychology, and advanced data science to empower organizations to foster positive, lasting behavior change at scale,” says John Hansen, CEO of Atana. “This substantial funding amplifies our ability to help organizations quantify behavior change and validate the impact of their respectful workplace learning initiatives.”

The Atana experience blends engaging courses with Atana Insights—a proprietary AI-based analytics engine. This equips HR and Learning & Development professionals with insights and actionable feedback, enabling organizations to measure and validate behavior change. Atana aims to become the preferred supplier for organizations seeking to create better workplaces, improve their ability to attract and retain employees, and boost productivity and performance.

About Atana
Atana provides a comprehensive workplace learning experience backed by science and proven by data to deliver organizations measurable, meaningful behavior change at scale. By bringing together decades of experience, award-winning courses, and a powerful, proprietary analytics engine, Atana Insights, organizations have — for the first time — the ability to quantify and validate the impact of their respectful workplace training initiatives. For more information about Atana and its innovative approach to workplace training, please visit www.atana.com or connect with us on social media.

SOURCE Media Partners Corporation