New investment, led by BIP Ventures, will accelerate product innovation to address the unique needs of large complex organizations

CHICAGO, Aug. 29, 2023 — Mediafly, the revenue enablement company, today announced an $80 million investment led by BIP Ventures with support from Boathouse Capital and Mediafly insiders. The funding will advance Mediafly’s strategy to deliver the most comprehensive revenue enablement platform, intentionally designed for large enterprises. Mediafly is used daily by top B2B go-to-market teams to engage buyers, prepare sellers, quantify value, and continuously optimize sales force performance.

Over the past 18 months Mediafly grew its customer base 164% and added new capabilities through organic innovation and the acquisition and integration of five revenue technology vendors. Mediafly is now the only provider to effectively combine enablement (content management and coaching) and intelligence (conversation and revenue) in a unified platform. The company’s platform is trusted by a vast network of sales, marketing, customer success, enablement, and operations professionals at global organizations including Nestle, ADP, Honeywell, TransUnion, Heineken, Adobe, Sealed Air and Moen.

“In this environment companies have to clear a high bar to raise money. Our investment is a resounding statement about how critical revenue enablement is and how well-positioned Mediafly is to lead the sector,” said Mark Buffington, Managing Partner of BIP Ventures. “They are the only company that has combined revenue enablement and intelligence — a game-changer for complex enterprise companies.”

Over the last five years, enterprise B2B selling has experienced significant transformation: buyers digitally self-educate, buying groups have grown, and everyone is inundated by content. This shift requires a modern approach to enablement, with personalized, immersive experiences that stand out.

Mediafly makes it easy to create and share content and is designed to scale across tens of thousands of sellers and buyers. The platform features enterprise functionality including robust user management and permissioning, stringent brand governance, effortless personalization, seamless data integration, and reliable security.

“Our mission is to help revenue teams succeed with their buyers and to positively progress the pre- and post-meeting relationship through content experiences that build trust and confidence,” said Carson Conant, Mediafly Founder and co-CEO. “We’re seeing strong demand from the enterprise segment reaffirming the need for unique solutions that address the challenges global go-to-market teams face. With this funding, we’re poised to unveil new capabilities and enriched services, equipping our customers with what they need to strengthen business relationships and increase revenue growth.”

“The days of companies putting together a pastiche of best of breed tools are well behind us,” said Mary Shea, Mediafly co-CEO. “Mediafly’s platform allows business leaders to consolidate their enablement tools by uniting content management, digital sales rooms, revenue and conversation intelligence, and value selling tools. My research shows that 75% of go-to-market leaders strongly prioritize providers that offer multiple products. Companies are tired of balancing siloed data and disconnected technologies that are expensive, difficult to maintain and result in poor user adoption.”

To learn more about bringing enterprise revenue enablement to your organization, visit Mediafly.com.

Union Square Advisors LLC acted as exclusive financial advisor to Mediafly in its financing.

About Mediafly:
Mediafly is the revenue enablement company market-facing teams rely on to plan, predict, coach, and engage at the highest levels. Our platform empowers sellers to lead with value, managers to coach at scale, leaders to forecast with confidence — and buyers to interact with personalized and dynamic content. In today’s complex, unpredictable market, top revenue teams worldwide, including Nestle, ADP, Honeywell, TransUnion, Heineken, Adobe, Sealed Air and Moen, turn to Mediafly to accelerate pipeline growth and close more deals faster. To learn more, visit www.mediafly.com.

About BIP Ventures:
BIP Ventures, the North American-focused venture capital division of BIP Capital, is one of the Southeast’s largest and most active VC firms. BIP Ventures partners with extraordinary founders to drive exceptional outcomes. Since 2007, BIP Capital has invested in the success of B2B software and tech-enabled service businesses at all stages of maturity. In addition to capital, it supports entrepreneurs with access to infrastructure, acumen, and talent that results in category-leading companies. A distinct multi-stage investment platform drives consistent top-quartile returns. For more information, visit bipventures.vc or follow BIP Ventures on LinkedIn, Instagram, or Twitter @bipventures.

SOURCE Mediafly

NEW YORK, Aug. 29, 2023 — CobiCure Medical Technologies, a non-profit pediatric initiative, part of the Advancium Health Network, announced today its continued commitment to solving the unmet needs in pediatric medical technologies with a grant of strategic support, resources, and $2 million in funding to PolyVascular, a Houston,TX based medical device company, developing a transformative, first of its kind, non-surgical heart valve for young children suffering from congenital heart disease.

The strategic support, resources, and funding provided by CobiCure MedTech will be used to further advance the development of PolyVascular’s novel polymer heart valve towards becoming the first of its kind to demonstrate human clinical readiness. This strategic collaboration aims to accelerate this life-saving technology for children born with congenital heart defects, which affect nearly 40,000 births per year according to the Centers for Disease Control and Prevention (CDC).

“CobiCure’s mission, strategic ecosystem, and critical resources are a perfect match for helping PolyVascular realize their goal of eliminating invasive surgeries in children with congenital heart disease,” said Emma Moran, PhD, Director of Strategy & Development at CobiCure MedTech. “Our commitment to supporting life-changing medical devices like PolyVascular’s will fill gaps in pediatric MedTech and we look forward to the positive impact it could have on children’s lives.”

The resource and funding grant provided by CobiCure MedTech adds to the $3.5 million in grants previously secured from sources including the National Institutes of Health (NIH) Small Business Innovation Research (SBIR) Phase I and Phase II, as well as $750,000 from private funding.

“This investment from CobiCure MedTech is a testament to the progress our team has made and acknowledges the need for better solutions for children with congenital heart disease,” said founder and pediatric cardiologist, Henri Justino, MD. “We’re grateful for the trust placed in our team by CobiCure. With their support, we are one step closer to reaching this vulnerable population to improve their quality of life and offer parents greater peace of mind.”

CobiCure MedTech provides an expedited pathway to sustainable commercialization that is often out of reach for many pediatric innovators and their medical devices. The lack of investment in the field places operational, developmental, and commercial constraints on innovators, further deepening the gaps for pediatrics, thereby limiting the number of approved pediatric medical devices. The current landscape leaves the medical community with few options, ultimately placing the burden on families and hindering the child’s quality of life.

The CobiCure non-profit model is supported by strategic business and scientific advisors with world-leading commercial expertise, who are motivated to transform the industry by removing Return on Investment (ROI) as a motivator and instead prioritizing impact and immediacy. CobiCure MedTech applies deep industry knowledge and strategic expertise at any stage of the product lifecycle to support pediatric innovation from ideation, through development and regulatory affairs, to commercial execution. CobiCure MedTech is reimagining the pediatric medical device landscape to ensure that pediatric medicine has access to tools and technology that can transform the industry and positively impact children’s lives.

About PolyVascular

PolyVascular is developing a next-generation heart valve replacement for children suffering from congenital heart disease. The company’s pioneering non-surgical valve uses a novel polymer to replace faulty heart valves, reducing the need for multiple surgeries and significantly improving patients’ quality of life. For more information, visit https://polyvascular.com.

About CobiCure MedTech

CobiCure MedTech is a non-profit pediatric organization, part of the Advancium Health Network, focused on reimagining pediatric medical technology through its strategic ecosystem, critical resources, leadership and funding, ensuring that return on investment is not a determinant for bringing life-changing pediatric medical technologies to children.
For more information on how CobiCure is reimagining the pediatric technology landscape to transform lives, visit: https://advanciumhealth.org/cobicure.html

Media Contact

Kaitlyn Tuson
[email protected]

SOURCE Advancium Health Network

TORRANCE, Calif., Aug. 29, 2023 — GITAI USA Inc. and GITAI Japan Inc. (GITAI), the world’s leading space robotics startup company, has raised an additional US$15 million for the Series B Extension round. Combined with the US$30 million funding announced in May of this year, the total amount of the Series B Extension round is now US$45 million.

The additional funds raised in this round will be primarily used to achieve the following objectives:

• Business expansion in the U.S.
• Partial coverage of the lunar surface demonstration

In this round, GITAI raised funds through a third-party allotment from the following companies and funds:

Green Co-Invest Investment Limited Partnership

• Pacific Bays Fund 1 & 1A Investment Limited Partnerships (Pacific Bays Capital)
• MSIVC 2021V Venture Capital Investment Limited Partnership (MITSUI SUMITOMO INSURANCE Venture Capital Co., Ltd.)

Additionally, GITAI secured funds through a loan from the following company:

• MUFG Bank, Ltd.

About GITAI:
GITAI is the world’s leading space robotics startup, aiming to provide safe and affordable labor in space and reduce operational costs by 100 times. GITAI is developing highly capable, safe, and reliable robots to help build and maintain satellites, space stations, lunar bases, and cities on Mars.

Company: GITAI USA Inc. (Los Angeles), GITAI Japan, Inc. (Tokyo)
CEO: Sho Nakanose
URL: https://gitai.tech/
Contact Us: [email protected]
Phone: 424-587-1787

< Press Kit >

SOURCE GITAI USA Inc.

Led by thesis-driven healthcare investor NewSpring

ROCHESTER, N.Y., Aug. 29, 2023 — AeroSafe Global (AeroSafe), the industry-leading cold chain solution provider, announced today the closure of a $43M funding round led by NewSpring, via NewSpring Health Capital, the Firm’s dedicated healthcare fund. Existing blue chip healthcare investors, including Peloton Equity, Merck Global Health Innovation Fund, Hamilton Lane, Flexstone Capital, Wave Equity Partners, and Escalate Capital, also participated in the round.  This growth capital will be used to support continued customer growth with innovative product development and increased operational capacities. 

As AeroSafe continues its quest to ensure safe, sustainable deliveries of therapeutics, so does its positive impact on the healthcare industry. More than 45 biopharma companies trust AeroSafe to help them deliver millions of shipments to hundreds of thousands of patients, providers, pharmacies, and hospital systems in 85 countries.  AeroSafe is transforming the pharma supply chain for a more reliable, sustainable future.

“We are thrilled to welcome NewSpring to the AeroSafe team,” said Jay McHarg, CEO of AeroSafe.  “With their depth of knowledge, extensive experience, and outstanding team, NewSpring is the ideal partner for AeroSafe at this time of explosive growth in existing and expanding markets.”

As part of the transaction, Pete Buzy and Kapila Ratnam, Ph.D., are joining the AeroSafe Board of Directors. Buzy is the former Chairman of Gene Therapy at Catalent, Inc., and currently serves as an Advisory Partner for NewSpring’s dedicated healthcare funds. Ratnam is a Partner of NewSpring and the Firm’s dedicated healthcare funds with over 20 years of experience in the healthcare industry.

“As demand for biologics and the timely, safe delivery of temperature-sensitive therapeutics continues to skyrocket, AeroSafe is redefining cold chain solutions by increasing visibility and responsiveness to avoid costly failures that result in lost drug inventory,” said Dr. Ratnam. “Jay and his team have done a tremendous job developing a technology-enabled service to one of the pharmaceutical industry’s largest problems, and we’re thrilled to work alongside their entire team as we expand access to these critical services and take the business to new levels of growth.”

Baird acted as the exclusive placement agent and Foley Hoag acted as the legal advisor to AeroSafe.

About AeroSafe Global
AeroSafe Global is the leader in biopharmaceutical cold chain solutions, providing ‘Cold Chain as a Service’ (CCaaS) to ensure the safe, sustainable delivery and effective use of pharmaceuticals. Its comprehensive service offering includes high-tech reusable thermal packaging, outsourced supply chain services, and a temperature monitoring control tower, all part of a pay-per-turn hassle-free program.  AeroSafe Global delivers outstanding reliability with significant sustainability benefits through its industry-leading reuse program that reduces carbon usage and landfill by 65% and 90%, respectively, compared to traditional Styrofoam containers.  For additional information, please visit www.AerosafeGlobal.com. 

About NewSpring
NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages over $3.0 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Having invested in over 200 companies, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries. To learn more, visit www.newspringcapital.com.

SOURCE NewSpring

With 9x annual recurring revenue growth since 2021, Apollo.io becomes the first sales technology unicorn minted in 2023 and one of the fastest growing companies in SaaS

SAN FRANCISCO, Aug. 29, 2023 — Apollo.io, the leading go-to-market (GTM) solution for sales and marketing teams, announced today that it has raised $100M in Series D funding led by Bain Capital Ventures (BCV), with participation from existing investors Sequoia Capital, Tribe Capital, and Nexus Venture Partners. Following the company’s Series C in March 2022, this investment brings the company’s total funding to approximately $250 million while nearly doubling the valuation of the company at $1.6 billion.

The company has grown revenue 9x over the last two years and currently serves over three million GTM professionals at over 500,000 companies from startups to global enterprises including Qualtrics, Customer.io, and Census. This cash injection will allow it to more than double employee count to continue building the next generation of GTM.

Sales today is more challenging than ever before. The traditional go-to-market tech stack includes disparate tools that are complex to set up, difficult to integrate, cost-prohibitive to most businesses, and most importantly, offer no intelligent end-to-end GTM guidance. According to Salesforce’s 2022 State of Sales Report, sales teams use an average of 10 tools to close deals and reps say they’re only spending 28 percent of their week actually selling, with the majority of their time consumed by other tasks like deal management and data entry.

By building sales intelligence, engagement, and execution workflows on top of Apollo’s proprietary B2B buyer database, Apollo enables sales and marketing teams to operationalize their go-to-market strategy, generate pipeline, win deals, and improve team performance with AI-driven GTM guidance — all in one streamlined platform.

“In line with our mission to make world-class go-to-market solutions simple and accessible to all, we have experienced unprecedented product-led growth during a time of economic uncertainty,” said Tim Zheng, Co-Founder and CEO at Apollo. “Our investors, led by Bain Capital Ventures, bring a new level of sophistication to the table that will accelerate Apollo.io’s journey from startup to scaleup. We look forward to expanding our offering for sales professionals to effectively target, engage, and convert buyers into long-lasting customers.”

Some of the world’s largest and most influential enterprise organizations trust Apollo.io to connect and convert quickly and efficiently with key decision-makers to unlock more revenue. Apollo.io is now the No. 1 ranked Sales Intelligence and Sales Engagement solution on G2, empowering sellers to find and prioritize prospects who are actively looking to buy.

“Tim and the Apollo team have built a remarkable B2B platform that we believe will redefine the next generation of go-to-market sales,” said Merritt Hummer, Partner at Bain Capital Ventures. “Once companies experience Apollo’s buyer database coupled with powerful automation tools for lead generation and beyond, they’re hooked. We see the company providing the foundation for GTM teams everywhere in the future, driving direct sales at an unprecedented scale.”

Apollo.io’s success and position in the market has led to an influx of world-class tech talent, recently adding Leandra Fishman as Chief Revenue Officer from Intercom and SendGrid/Twilio, Dzmitry Markovich as SVP of Engineering from Dapper Labs and Dropbox, and Shek Viswanathan as a Chief Product Officer from Qualtrics. Having more than doubled headcount in 2023, Apollo.io plans to grow to 1,000 team members by 2025 across engineering, marketing and sales, design, product, legal, and people operations — an increase of 122 percent. The company is remote-first, employing 450 team members who are fully distributed across 30 countries globally. Apply to join the Apollo.io team today.

• “Apollo.io has built the ideal unified GTM platform — from data to engagement to deal execution to forecasting — and is in a fabulous position to combine Generative AI with their B2B buyer database to optimize and ultimately re-invent sales software.” Sonya Huang, Partner at Sequoia Capital
• “It has been a privilege for us to be part of Apollo.io’s journey since inception and see them disrupt the sales-tech space. Apollo.io is democratizing access to intelligent go-to-market software globally. It’s becoming one of the most ubiquitously used platforms across categories. Apollo.io’s intuitive self-serve product along with user-friendly pricing has helped expand its reach beyond sales professionals and tech businesses. We love the Apollo.io team’s obsession with delighting users and maximizing consumer surplus. The new round will help the company further invest in R&D and make its product even more powerful.” – Abhishek Sharma, Managing Director at Nexus Venture Partners

Sign up for free at www.apollo.io.

About Apollo.io
Apollo.io is the leading go-to-market solution for revenue teams, trusted by over 500,000 companies and millions of users globally, from rapidly growing startups to some of the world’s largest enterprises. Apollo.io provides sales and marketing teams with easy access to verified contact data for over 270 million B2B contacts, along with tools to engage and convert these contacts in one unified platform. By helping revenue professionals find the most accurate contact information and automating the outreach process, Apollo.io turns prospects into customers.

About Bain Capital Ventures
Bain Capital Ventures (BCV) is a multi-stage VC firm investing across four core domains—fintech, application software, infrastructure, and commerce-tech. Leveraging the unique resources of Bain Capital, we deploy targeted support at every stage of the company-building journey. For over 20 years, BCV has helped launch and commercialize more than 400 companies including Attentive, Bloomreach, Docker, DocuSign, Flywire, LinkedIn, Mirakl, and Redis. You can follow us on Twitter @BainCapVC.

SOURCE Apollo.io

The funding will support Intuition Robotics’ growth as demand surges for loneliness interventions, and fuel its continued development of ElliQ’s relationship and conversational capabilities, powered by generative AI and deep utilization of Large Language Models (LLMs)

RAMAT GAN, Israel, Aug. 29, 2023 — Intuition Robotics announced today that it has secured a first closing of a new funding round amounting to $25 million, $20M in venture capital and $5M in venture debt, and led by Woven Capital, the growth fund of Toyota, with participation from Toyota Ventures, OurCrowd, Western Technology Investment, and additional investors. The funding will help the company meet surging demand for its AI care companion ElliQ across government aging agencies and healthcare organizations. It will also allow the company to deepen integrations into the healthcare system and help aging populations better connect with others, and better access much-needed products and services while reducing costs.

Loneliness is an epidemic that can cause serious harm to health, with the U.S. Surgeon General recently advising that experiencing loneliness can increase the risk of death equivalent to smoking 15 cigarettes a day. The U.S. healthcare system is increasingly seeking solutions, with legislation recently introduced to create a national policy to promote social connection and address soaring rates of loneliness.

Intuition Robotics has pioneered ElliQ, an AI companion designed to enhance the lives of older adults by combating loneliness and promoting healthy and independent living. In an era dominated by groundbreaking technologies, ElliQ has consistently demonstrated its ability to engage users over time and positively impact the lives of older individuals with its proactive suggestions and conversational capabilities. ElliQ provides companionship and support for older adults through daily health check-ins, cognitive and physical activities, connection to family and friends, and more using a simple and intuitive interface.

“Intuition Robotics is advancing the future of mobility for aging populations by offering human connection and access to goods and services that they couldn’t obtain otherwise,” said Nicole LeBlanc, a partner at Woven Capital who is also joining the company’s board of directors. “The company is leading the way by providing a field-proven solution that delivers strong results, improving social infrastructure and serving overlooked markets in unique, thoughtful, and powerful ways. These are precisely the values behind the future of mobility that Toyota is bringing to life, making Intuition Robotics a natural fit for Woven Capital.”

The funding round comes on the heels of a successful commercial launch with government agencies across the United States. Intuition Robotics has initiated programs to distribute ElliQ at no cost to end users with the New York State Office for the Aging, the Area Agency on Aging of Broward County, the Olympic Area Agency on Aging, and California’s Agency on Aging in Area 4. In addition, the company signed its first agreement with a Managed Care Organization focusing on Medicare beneficiaries. In the state of New York, the product has shown unprecedented engagement levels with users averaging over 30 interactions with ElliQ per day. It has been proven to reduce loneliness for 95% of users.

The latest advancements in Generative AI and the prevalence of transformers and Large Language Models (LLMs) have allowed Intuition Robotics to integrate rich and continuous conversational experiences into ElliQ. By leveraging these advancements, ElliQ has deepened its conversational abilities, allowing for an even deeper relationship to evolve between ElliQ and the user. The company has developed technology that chooses the areas where to integrate multiple LLMs seamlessly into the experiences such as sparking the creativity of the users by painting with ElliQ through the use of DALLE2, augmenting scripted conversations, and achieving deeper contextual understanding. This is done with guardrails and algorithmic control on the integrity of the experience.

“We’ve seen the direct impact that loneliness has had on our aging community, but we’ve also seen the positive results our AI and technology have on the older adult population. Beyond the groundbreaking results in reducing loneliness – ElliQ is also seeing an impact on health, wellness, and behavior change,” said Dor Skuler, CEO and Co-founder of Intuition Robotics. “The latest advancements in AI have advanced ElliQ’s conversational capabilities to become even more contextual, personalized, and goal driven. We’re proud to be at the forefront of harnessing this technology for the benefit of our users. We are excited to utilize this new funding to deploy more ElliQ devices out into the world, further increase its accessibility, expand partnerships, and gain a deeper understanding of the role ElliQ can play in the healthcare ecosystem. We are grateful for the support of Woven Capital and our additional investors as we continue our mission to empower older adults to live happier, healthier, and more independent lives at home,”

“Since we first invested in Intuition Robotics in 2017, we’ve been inspired by the team’s mission to empower older adults using AI. It’s exciting to see the progress they’ve made over the years – from ElliQ’s initial development and testing, to the commercial deployment and now a growing number of partnerships,” said Jim Adler, founder and general partner of Toyota Ventures. “We share the company’s vision of using technology to amplify the human experience and look forward to seeing how ElliQ will continue to enrich the lives of older adults.”

About Intuition Robotics
Intuition Robotics is on a mission to empower older adults to live happier, healthier, and more independent lives at home. The company’s award-winning product, ElliQ^®, is a proactive care companion for older adults. ElliQ helps keep users healthy, engaged, and informed, while alleviating the effects of loneliness and social isolation. Intuition Robotics has won several awards for its work with ElliQ including Fast Company’s Most Innovative Companies and the CES Best of Innovation award. The company was founded in 2016 and investors include: Woven Capital, Toyota Ventures, Samsung NEXT, iRobot, OurCrowd, Terra Ventures and Venture Capital firms from California, Israel, Japan, and Asia. To learn more, please visit intuitionrobotics.com.

Media Contact
Jennifer Laski
Si14 Global Communications
irpr@si14global.com

SOURCE Intuition Robotics

HYDERABAD, India, Aug. 29, 2023 — Aryastha Life Sciences, a leading Contract Research and Development Organization in healthcare, has achieved a major milestone by successfully concluding its Series A funding with significant backing from Vessella Group, a prominent investor in India.

A strategic funding boost from Vessella positions Aryastha to reshape drug discovery and development in the pharmaceutical and biotech sectors. With a vision to provide exceptional solutions for unmet clinical needs, Aryastha leverages cutting-edge R&D infrastructure in India and plans expansion in the USA. Aryastha aims to differentiate as a pioneer, utilizing AI, advanced preclinical models derived from patient samples and  pluripotent stem cells  ‘Aryastha’s Bio Solutions™^‘ for efficient drug screening. This innovative approach accelerates the clinical translatability of candidates, streamlining services across the value chain and addressing pharmaceutical industry challenges.

Aryastha’s commitment to transforming drug discovery attracts top talent aiming to influence healthcare. With cutting-edge facilities and a skilled team, Aryastha cultivates an environment of innovation. Partnering with Vessella Group offers a unique chance for impactful change in healthcare. Vessella’s investment acknowledges outsourcing’s significance in drug discovery and development, aligning with Aryastha’s expertise. Guided by visionary leadership, Aryastha is poised to advance scientific solutions and provide quality healthcare services.

Quote from Co-Founder & CEO, Dr. Raghava Reddy Kethiri, Ph.D.:

“Empowered by our excellent team and infrastructure, we have united our expertise to establish a leading drug discovery and development service company globally. With our vast collective knowledge and experience, we are dedicated to revolutionizing the drug discovery and development process by de-risking throughout the entire value chain.”

Quote from Co-Founder, Former Faculty of Harvard Medical School, Boston & Chief Scientific Advisor, Dr. Pradip K. Majumder, Ph.D.:

“Aryastha will differentiate by unique preclinical models from patients’ samples and pluripotent stem cells. By mimicking the intracellular milieu and patho-physiological ecosystem to enhance the predictability of the clinical success of drug-like molecules. These cutting-edge technologies will enable faster and more economical routes for clinical translatability of drug candidates.”

Quote from Vessella Group Managing Director & CEO, Sivananda Reddy Mandra:

“Pharmaceutical outsourcing is vital in drug discovery and development. Our investment in Aryastha offers a distinctive yet attractive opportunity to collaborate and contribute to healthcare. Tempus Law Associates and Cyril Amarchand Mangaldas structured the business legally. While specific Series A terms remain undisclosed, Aryastha’s partnership with Vessella promises innovation and quality healthcare services worldwide.”

ABOUT VESSELLA GROUP

Vessella Group, a renowned and distinguished investor in many sectors including infrastructure, healthcare and expands into pharma and life sciences, affirming a dedication to global healthcare progress. Visit www.vessella.com for details.

ABOUT ARYASTHA LIFE SCIENCES

Aryastha, an innovation-driven Life Science service provider, offers CRDMO solutions for novel drug development from Hyderabad, India. With advanced R&D and a visionary approach, Aryastha excels in Pharmaceuticals and Biotechs. Discover more on LinkedIn or at www.aryastha.com

Logo: https://mma.prnewswire.com/media/2195351/Aryastha_Logo.jpg

SOURCE Aryastha Life Sciences

SAN FRANCISCO, Aug. 29, 2023 — Allseated has announced $20 million funding – including capital from Level Structured Capital (an affiliate of Level Equity), and existing investors, Magma Ventures, Vestech Partners, NYFF, and WGG, to further scale its space visualization and collaboration platform.

The new funding will enable the fast-scaling business to propel its global expansion and continue to pioneer the international hospitality and event industries with innovative resources and product development. 

Alongside the funding, Allseated is spinning out its Meetaverse division. This includes a brand-new entity with a dedicated mission: to pioneer immersive experiences, such as virtual events and corporate environments, within an emerging market landscape.

Space, time, and flow

The global event industries have been completely transformed by the pandemic and the rise of remote communication and working with prospects, clients and partners. This includes the strategies employed by venues for selling and promoting their spaces. While “static” digital twins are a de facto standard in real estate, their use in hospitality and events require significantly more value to support the needs of venues and event planners. Allseated’s virtual space and event planning technology is built upon real-time data analysis, predictive insights, and advanced simulations. Users can eliminate guesswork and usher in a new era of precision, innovation, accessibility, design, analysis, and collaboration with multiple stakeholders, all in one platform.

Allseated pioneered the transformation of digital spaces into collaborative working environments, providing real-time capabilities to bring a first-of-its-kind solution to the hospitality industry. Allseated provides an immersive virtual space that extends beyond the boundaries of its three-dimensional coordinates, creating an experience that encapsulates space, time, and dynamic flows to immerse users and customers in a rich 3D experience.

“Allseated has always been about bringing cutting-edge innovation to the hospitality market, enabling our customers to be more effective and close a lot more business, faster. The new funding will help us to continue expanding our product line from floor planning to a full collaborative space visualization platform. It will enable us to continue to grow rapidly and partner with some of the best brands in hospitality, supercharging and differentiating their business.” Yaron Lipshitz, Allseated CEO, said.

San Francisco based Nfluence Partners served as financial advisor and Fenwick and West as Legal counsel.

About Allseated

Allseated is an innovative, award-winning company, leading space visualization and collaboration through immersive experiences. With 3D visualization, floor plan design tools, and virtual tours through digital twins, Allseated transforms the hospitality industry, leveraging innovation and outstanding customer service to help clients grow their businesses. Allseated offers various collaborative tools for showcasing and selling venues, designing detailed floor plans to scale, and providing comprehensive analytics. The Allseated experience simultaneously increases sales and marketing opportunities and improves operational efficiency.

Comprising an existing local team of five people, the company is strategically positioned to embark on a journey of substantial expansion by nurturing and harnessing the rich local talent pool. With an ambitious outlook, the company envisions growing its workforce by welcoming over 30 new members into the team in the next 12 months. New hires will span across diverse business segments, invigorating every facet of the organisation with diverse perspectives and expertise.

Located within the vibrant community of professionals, within the dynamic co-working space Coloft. The space boasts an array of amenities designed to nurture both professional growth and personal well-being such as yoga, food and drink, and socialising spaces including a beautiful rooftop terrace.

SOURCE Allseated

SAN FRANCISCO, 29. August 2023 — Allseated hat Finanzierung in Höhe von 20 Millionen Dollar bekanntgegeben, darunter Kapital von Level Structured Capital (einer Tochtergesellschaft von Level Equity) und den bestehenden Investoren Magma Ventures, Vestech Partners, NYFF und WGG, um seine Plattform für Raumvisualisierung und Zusammenarbeit weiter auszubauen.

Die neue Finanzierung wird es dem schnell wachsenden Unternehmen ermöglichen, seine globale Expansion voranzutreiben und weiterhin mit innovativen Ressourcen und Produktentwicklungen Pionierarbeit in der internationalen Gastgewerbe- und Veranstaltungsbranche zu leisten. 

Zusätzlich zur neuen Finanzierung gliedert Allseated seinen Geschäftsbereich Meetaverse aus. Dazu gehört eine brandneue Abteilung mit einer speziellen Mission: Pionierarbeit für immersive Erlebnisse wie virtuelle Veranstaltungen und Unternehmensumgebungen in einer aufstrebenden Marktlandschaft.

Raum, Zeit und dynamische Abläufe 

Die globale Veranstaltungsbranche hat sich durch die Pandemie und die Zunahme der Fernkommunikation bei der Arbeit mit Interessenten, Kunden und Partnern völlig verändert. Dies umfasst auch die von Veranstaltungsorten angewandten Strategien für den Verkauf und die Bewerbung ihrer Räume. Während „statische” digitale Zwillinge in der Immobilienbranche zum De-facto-Standard gehören, erfordert ihr Einsatz im Gastgewerbe und bei Veranstaltungen einen deutlich höheren Wert, um die Anforderungen von Veranstaltungsorten und -planern zu erfüllen. Die Technologie für virtuelle Raum- und Veranstaltungsplanung von Allseated basiert auf Echtzeit-Datenanalysen, vorausschauenden Erkenntnissen und fortschrittlichen Simulationen. Nutzer können dem Rätselraten ein Ende bereiten und eine neue Ära der Präzision, Innovation, Zugänglichkeit, Gestaltung, Analyse und Zusammenarbeit mit verschiedenen Interessengruppen einläuten – alles auf einer Plattform.

Allseated leistete Pionierarbeit bei der Umwandlung digitaler Räume in kollaborative Arbeitsumgebungen, indem es Echtzeitfunktionen bereitstellte und damit die erste Lösung dieser Art für das Gastgewerbe bot. Die virtuelle Umgebung von Allseated geht über die Grenzen der dreidimensionalen Koordinaten hinaus und schafft ein Erlebnis, das Raum, Zeit und dynamische Abläufe einbezieht, um Nutzer und Kundschaft in ein umfassendes 3D-Erlebnis eintauchen zu lassen.

„Bei Allseated ging es schon immer darum, dem Gastgewerbe bahnbrechende Innovationen zu bieten, die es unserer Kundschaft ermöglichen, effektiver zu arbeiten und schneller viel mehr Geschäfte abzuschließen. Die neue Finanzierung wird uns dabei helfen, unsere Produktlinie von der Raumplanung bis hin zu einer vollständigen kollaborativen Raumvisualisierungsplattform weiter auszubauen. Dadurch können wir weiter schnell wachsen und mit einigen der besten Marken im Gastgewerbe zusammenarbeiten, um ihr Geschäft anzukurbeln und auszudifferenzieren”, erklärte Yaron Lipshitz, CEO von Allseated.

Nfluence Partners mit Sitz in San Francisco fungierte als Finanzberater und Fenwick and West als Rechtsberater.

Informationen zu Allseated 

Allseated ist ein innovatives, preisgekröntes Unternehmen, das bei der Visualisierung von Räumen und der Zusammenarbeit durch immersive Erlebnisse führend ist. Mit 3D-Visualisierung, Werkzeugen für die Raumplanung und virtuellen Rundgängen durch digitale Zwillinge verändert Allseated das Gastgewerbe und unterstützt seine Kundschaft durch Innovation und herausragenden Kundenservice beim Ausbau ihres Geschäfts. Allseated bietet verschiedene kollaborative Werkzeuge für die Präsentation und den Verkauf von Veranstaltungsorten, die Erstellung detaillierter, maßstabsgetreuer Raumpläne und die Bereitstellung umfassender Analysen. Allseateds Angebot erhöht gleichzeitig die Verkaufs- und Marketingmöglichkeiten und verbessert auch die betriebliche Effizienz.

Das Unternehmen hat ein fünfköpfiges lokales Team und ist strategisch so positioniert, dass es durch die Förderung und Nutzung des reichhaltigen lokalen Talentpools eine erhebliche Expansion anstrebt. Mit ehrgeizigen Aussichten plant das Unternehmen, seine Belegschaft in den nächsten 12 Monaten um mehr als 30 neue Mitglieder zu vergrößern. Die Neueinstellungen werden sich über verschiedene Geschäftsbereiche erstrecken und jede Facette der Organisation mit unterschiedlichen Perspektiven und Fachkenntnissen beleben.

Die Büroräume befinden sich inmitten einer lebendigen Gemeinschaft von Fachleuten, im dynamischen Gemeinschaftsgebäude von Coloft. Die Räumlichkeiten bieten eine Reihe von Annehmlichkeiten, die sowohl das berufliche Wachstum als auch das persönliche Wohlbefinden fördern, wie z. B. Yoga, Speisen und Getränke sowie Räume für geselliges Beisammensein, darunter eine wunderschöne Dachterrasse.

SOURCE Allseated