Top Global Law Firms Explore Wexler to Streamline Document Review in Litigation for Their Most Complex Cases

LONDON, Dec. 3, 2024 — Wexler AI, the AI-powered legal fact intelligence platform, today announced major enhancements driving adoption among leading law firms, including Burges Salmon and a top AmLaw100 firm. Clifford Chance is also exploring the platform for use in its world-leading litigation and dispute resolution practice. Wexler’s platform automates essential fact-checking and intelligence gathering in high-stakes legal disputes, allowing lawyers to focus on more complex and strategic value-driven activities. These advancements follow a $1.4M pre-seed funding round led by Myriad Venture Partners, with support from Entrepreneur First, prominent angel investors at ComplyAdvantage, Moonpig, Tractable, and CreditKudos, fueling Wexler’s growth and mission to redefine litigation worldwide.

Since its launch in April of this year, Wexler AI has processed over one million queries, achieved approximately 2X month-over-month growth, and more than tripled its annual recurring revenue (ARR). Wexler’s advanced platform enables law firms to help manage large caseloads with greater accuracy, reallocating resources from time-intensive manual review to high-value legal strategy. Built by security and privacy experts, the platform uses user-specific encryption keys, masks personal data, and meets ISO 27001, GDPR, and AWS Cloud Security standards.

“Wexler assists lawyers working on the world’s most complex cases. The platform delivers critical, verified facts that legal teams can act on with full confidence,” said Gregory Mostyn, co-founder and CEO of Wexler AI. “With support from Myriad Venture Partners, and Entrepreneur First, and working closely with Burges Salmon and also Clifford Chance, among others, we’re not just transforming how the legal industry tackles the time and efficiencies of fact-finding, but helping our customers generate greater business value for their clients.”

There is significant potential to improve efficiencies in the litigation document review process. Wexler’s AI approach reduces manual work, minimizes risk, and uncovers critical facts faster. Unlike traditional eDiscovery tools that merely organize documents, Wexler is purpose-built for high-stakes dispute resolution, delivering insights with an accuracy matching seasoned litigators.

Central to this is KiM, Wexler’s advanced agent for complex dispute tasks, which produces verified work output directly from case facts, automating steps like drafting, generating court applications, and extracting data from vast document sets. More than a passive tool, Wexler uncovers red flags, suggests follow-ups, and enhances case strategy as an active partner, enabling legal teams to drive efficiency and deliver results on the most challenging cases.

“Wexler is a powerful AI tool that is clearly designed for the types and volumes of work faced in dispute resolution,” said Tom Whittaker, director at Burges Salmon. “It allows us to identify relevant facts and produce useful work in a relatively short time, augmenting the work of our expert teams by providing them with additional methods to achieve their objectives. It has been a pleasure to work with the Wexler team over a number of years to continually improve its functionality to help meet our clients’ and colleagues’ high expectations.

With new funding from Myriad, Wexler is expanding its platform in 2025 including new features such as automated document drafting, advanced fact-checking tools, and streamlined discovery requests. These enhancements will extend Wexler’s impact beyond the legal sector, offering new applications in compliance and HR investigations.

“Wexler AI is redefining fact-finding for legal and investigative work, and we see enormous potential in its unique approach,” said Chris Fisher, founder and managing partner of Myriad Venture Partners. “Their rapid growth and ability to deliver verified, actionable information are transforming how legal teams and other professionals manage complex data. We’re excited to support Wexler’s journey and look forward to their continued momentum and innovation.”

Wexler’s founding team blends deep expertise in AI, law, and business. Gregory Mostyn and Kush Madlani met at Entrepreneur First, united by a vision of creating a category defining applied AI company. Gregory saw the inefficiencies of litigation firsthand when his barrister, then judge father, returned from work with binders piled high to the roof of his office. Kush, a former JP Morgan derivatives trader, began automating workflows with Python before completing a Machine Learning Master’s at UCL and joining Tractable, where he developed fraud-detection models and continuous improvement systems. Kush’s scientific background pairs perfectly with Gregory’s commercial experience as a marketing and sales director to transform dispute resolution. 

Wexler AI collaborates with partners across the legal sector, from AM 100 law firms to in-house teams at major enterprises. Interested clients can request a demo at https://www.wexler.ai/.

About Wexler AI
Wexler AI tackles the world’s most complex cases by streamlining fact analysis for legal, compliance, eDiscovery, tax, and forensics teams. Trusted by top global law firms, Wexler is redefining fact-finding through a combination of AI and human expertise. For more information, visit https://www.wexler.ai/.

About Myriad Venture Partners
Myriad Venture Partners is an early-stage venture firm defining the future of business solutions. Investing in visionary AI, clean technology, and B2B software leaders, Myriad brings decades of expertise and a robust corporate and financial partnership network. By connecting entrepreneurs, corporate partners, industry leaders, and co-investors, Myriad is changing the ways businesses operate, compete, and create value.

SOURCE Myriad Venture Partners

WANT YOUR COMPANY’S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

KNOXVILLE, Tenn., Dec. 2, 2024 — Inhabit, a global leader in property management software solutions, announced a preferred equity investment led by Blackstone Tactical Opportunities (Blackstone) with an additional investment from Greater Sum Ventures (GSV). Blackstone joins GSV as well as existing institutional investors Goldman Sachs, Insight Partners and PSG as shareholders in Inhabit. This increased backing from Blackstone and GSV highlights their support of Inhabit’s growth trajectory and reinforces the company’s potential to drive innovation and improvements in the property management technology industry.

“We are thrilled to welcome Blackstone as part of our investor base,” said Lisa Stinnett, CEO of Inhabit. “This investment represents a tremendous vote of confidence in Inhabit’s potential and positions us to expand our capabilities, elevate customer experience, and drive new levels of success across the residential and vacation property management industries.”

“Since Inhabit’s founding in 2016, GSV has been a proud partner in its journey, and we are excited to continue investing as the company moves to the next level,” said Ross Croley, CEO and Founder of GSV. “This next phase is an exciting opportunity to further support Inhabit’s growth and innovation in the property management industry.”

“We are excited to support Inhabit’s growth journey and innovative approach to property management technology,” said Shary Moalemzadeh, a Senior Managing Director at Blackstone, and Dawn Hu, a Managing Director at Blackstone. “We look forward to investing in Inhabit as they continue to enhance their platform and expand their presence across the industry. Our investment reflects our confidence in Inhabit’s ability to continue delivering excellent solutions in this dynamic space.”

With the backing of Blackstone, GSV’s additional investment, and the continued support of Inhabit’s equity partners, Inhabit is well-positioned to strengthen its product offerings and deliver exceptional technology solutions to property management companies.

Advisors
In connection with the transaction, Jefferies LLC and Goldman Sachs & Co. LLC provided financial advisory services to Inhabit. Guggenheim Securities acted as the exclusive financial advisor to Blackstone and GSV.

About Inhabit
Inhabit is a global PropTech software company serving the residential and vacation property management industries. Our 1,100+ employees drive strategic partnerships, deliver best-in-class software solutions and services, and foster innovation and collaboration with business leaders and industry experts. To learn more, visit Inhabit.com. Press Inquiries: [email protected]

About Blackstone Tactical Opportunities
Tactical Opportunities (Tac Opps) is Blackstone’s opportunistic investment platform. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. As part of the strategy, the team leverages the intellectual capital across Blackstone’s various businesses while continuously optimizing its approach in the face of ever-changing market conditions.

About GSV
Greater Sum Ventures (GSV) is an entrepreneurial family office that invests its own capital in middle market software and tech-enabled services companies. With entrepreneurial roots and strong operational and investing experience, GSV works with select independent co-investing partners to build platforms of technology companies that revolutionize the industries they serve. Headquartered in Knoxville, Tennessee, GSV provides access to capital and operational support to midmarket technology firms all over the world. To learn more, visit GreaterSumVentures.com.

Contact:
Joshua Phillips 
EVP Marketing, Inhabit

SOURCE Inhabit

WANT YOUR COMPANY’S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

MCLEAN, Va., Dec. 2, 2024 — Veteran Ventures Capital (VVC), a venture capital firm investing in dual-use national security technology businesses led by veteran entrepreneurs and leaders, today announced a strategic investment in Turion Space (Turion). Turion is at the forefront of solving two of space’s most pressing capability gaps: space domain awareness and non-earth imaging, both critical to maintaining space operations and expanding in-space mobility. Turion solves this through their first-of-its-kind Droid micro-satellites, equipped with advanced sensors to improve space situational awareness and mitigate debris at a fraction of the cost of its competitors. The Droid.001 is currently operational with flight heritage, capturing non-earth images for government and commercial clients. These satellites, in 2024 alone, will have accomplished over 100 imaging missions. The capital raised in this round will be used to expand Turion’s satellite fleet as they prepare to launch their Droid.002, a larger satellite with enhanced imaging capabilities, and the further development of autonomous docking and maneuvering systems that can deorbit defunct satellites and perform in-orbit repairs and inspections.

Veteran Ventures Capital invested in Turion’s recently closed and oversubscribed Series A funding round.  Turion has raised nearly $20 million in venture capital to date. Its veteran-led team, growing to over 70 employees, including former engineers from SpaceX and other aerospace leaders, is leveraging decades of experience to tackle space’s most pressing challenges.

Turion’s technologies have gained significant traction across national security customers, including a recently awarded $15 million Strategic Financing Increase (STRATFI) program contract from the U.S. Space Force’s SpaceWERX, U.S. Space Force’s innovation arm, in addition to securing a $1.9 million Tactical Funding Increase (TACFI) program contract from SpaceWERX to develop systems capable of engaging uncooperative space objects. Their Droid.001 satellite, launched in June 2023, is a 32-kilogram spacecraft designed to improve space situational awareness, with its data now integrated into the U.S. Space Force’s Unified Data Library. Turion is developing a range of satellites that will perform critical satellite services, including the micro-Droid, set for a demonstration in 2026, which will be equipped with grapplers to capture space debris. Co-funded by NASA, this spacecraft is an essential step toward Turion’s vision of mitigating space debris and ensuring safe satellite operations for its customers.

“Turion Space is developing the google earth for space observation and situational awareness. The capabilities they are building for national security and commercial customers represent the kind of high-impact, dual-use technologies that aligns perfectly with VVC’s mission,” said Derren Burrell, Managing Partner of Veteran Ventures Capital. “Their work in advanced space domain awareness, through a specialization in non-earth imaging, addresses a growing concern for both national security and commercial operators. Their technologies have the potential to transform how we manage space safety, particularly with space becoming more of a contested warfighting domain, making this a critical addition to our portfolio.”

With plans to produce 45 satellites annually by 2027, including the upcoming launch of their Droid Alpha satellite in early 2025, Turion is poised for rapid growth. Their enhanced mobility satellites offer advanced in-orbit capabilities for non-earth imaging, satellite servicing, and debris removal. These developments place Turion at the forefront of the emerging satellite non-earth imaging and servicing markets, projected to grow substantially in the coming years as space becomes increasingly crowded.

“We are excited to partner with Veteran Ventures Capital, precisely because their team and advisors have significant expertise in new space technology and the national security opportunities surrounding it,” said Ryan Westerdahl, Co-founder and CEO of Turion Space. “With their investment, we will further enhance our capabilities and provide innovative solutions for non-earth imaging, space debris removal, and satellite servicing, addressing a critical need for both government and commercial operators.”

About Veteran Ventures Capital
Veteran Ventures Capital invests in dual-use national security technologies, focusing on companies led by veteran entrepreneurs and leaders. Committed to advancing U.S. technological superiority, Veteran Ventures Capital provides capital, mentorship, and strategic guidance to high-growth companies serving critical government and commercial markets. VVC’s portfolio includes leading companies in defense, aerospace, cybersecurity, and other sectors essential to national security.

About Turion Space
Turion Space is a leader in non-earth imaging, space debris removal, and satellite servicing solutions. The company develops autonomous spacecraft designed to provide high resolution space domain awareness capabilities, deorbit defunct satellites, perform in-orbit inspections, and repair essential assets. Based in Irvine, California, Turion Space is committed to making space safer and more sustainable through advanced technologies that support the future of space exploration and national security.

For media inquiries, please contact:
[email protected]

SOURCE Veteran Ventures Capital

WANT YOUR COMPANY’S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

New strategic advisory arm out of San Francisco bridges international corporations with cutting-edge startups and technology players from Silicon Valley and other global tech hubs

SAN FRANCISCO, Dec. 2, 2024 — Global venture capital firm Cathay Innovation today announced the launch of C.Lab, a new strategic advisory arm dedicated to bridging the world’s leading corporations to open innovation in Silicon Valley and other global tech ecosystems. The open innovation lab is led by Matthieu Soulé and Arnaud Auger, who joined Cathay Innovation from BNP Paribas, where they spent the last decade advising large corporate clients from around the globe on their innovation and business strategies from San Francisco.

C.Lab’s mission is to support corporations in driving new business activities and innovation — for long-term growth, resilience, and the sustainable transformation of their organizations. It aims to help corporate executives shape their innovation strategies, while understanding and navigating the latest technology trends and biggest opportunities across industries.

“In the AI era, the focus has shifted from disruption to transformation, making it mission critical for startups and large corporations to form deeper collaborations,” said Denis Barrier, Co-Founder of Cathay Innovation. “We’ve always taken an ecosystem approach in our venture capital practice, connecting startups to our strategic industry partners for mutual growth and opportunities. C.Lab represents a natural progression, expanding our services and value to corporations — recognizing that both sides of the ecosystem are absolutely essential for true transformation.”

The launch comes as AI continues to reshape industries and traditional business models, with Silicon Valley recognized as the epicenter of this transformation. As the home of large tech giants and the AI capital of the world, attracting $117B of venture capital funding for AI startups since 2014 (three times of all of Europe in the same period per pitchbook data), the San Francisco Bay Area drives innovation crucial for industry competitiveness. As AI advances rapidly, corporations outside this hub face an urgent need to adopt new technologies and best practices or risk falling behind.

C.Lab offers a range of advisory services, including:

• Tech Startup & Partner Scouting: identifying key relevant startups or technology players to partner with, invest in, or acquire pending business needs
• Strategic Studies : Deep dive on new business opportunities and go-to-market strategies for new products and services
• Business Development & Operational Support: immersive experiences testing new technologies, meeting relevant startups and industry players addressing top priorities of executive committees and board members to accelerate and transform their business. The team will also leverage Cathay Innovation’s existing VC platform to operationally catalyze strategic partnerships between corporates and startups
• Insight Webcast: executive insights breaking down analysis of key trends and business implications

“Corporations are increasingly looking to transform their organizations with the help of external partners and emerging startups— open innovation, or rather open transformation, is accelerating through partnerships, joint ventures, alliances with peers, minority investments, and M&A,” said Matthieu Soulé, Head of C.Lab at Cathay Innovation. “The challenge comes down to access to the best players and the lack of a holistic view of technology trends beyond the industry in which they operate. With the addition of C.Lab to Cathay’s existing global investment practice, we aim to bridge this gap and be the hub where international corporations meet startups and innovation from Silicon Valley and beyond.”

Based out of Cathay Innovation’s existing San Francisco office, the C.Lab team will work with corporations from Europe, North America, Asia and Latin America in the fields of financial services, healthcare, energy, mobility, real estate, retail, luxury and more. The advisory group complements Cathay Innovation’s multi-stage venture capital practice, which will continue to invest in startups transforming industries and society across the world.

About Cathay Innovation
Founded in Paris in 2015, Cathay Innovation is a multistage venture capital firm affiliated with Cathay Capital, investing in founders building transformative businesses across Europe, North America, Asia, Latin America and Africa. Its platform connects founders with investors and its ecosystem of leading Fortune500 corporations to help startups scale and transform industries with consumer to enterprise and AI solutions in commerce, fintech, digital health and mobility/energy. Cathay Innovation now manages over €2.5B AUM with offices in Paris, Berlin, Madrid, San Francisco, Mexico City, Shanghai and Singapore and has invested in over 100 startups including Chime, Pinduoduo, Glovo, Wallbox, Owkin, Ledger, ZenBusiness, Alma, Descartes Underwriting and more.

To learn more, visit us at www.cathayinnovation.com or follow us on LinkedIn.

CONTACT: Michael Celiceo,

SOURCE Cathay Innovation

WANT YOUR COMPANY’S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

Lumin Digital raises capital to further accelerate its business growth and continue the Company’s momentum 

SAN RAMON, Calif., Dec. 2, 2024 — Lumin Digital, a leading cloud-native digital banking provider, today announced it has raised over $160M in growth equity financing, led by Light Street Capital, NewView Capital, and Partners Group, acting on behalf of its clients.

Lumin Digital plans to leverage the funding to accelerate its strategic growth initiatives, focusing on innovation and driving greater value for financial institutions, their members, and shareholders. This investment underscores the transformative power of digital banking platforms to modernize the industry and deliver always-on, customer-centric experiences.

“This is a powerful endorsement of Lumin Digital’s impact on the industry and enables us to expand our product offerings while preserving our culture of delivering exceptional value to our clients and their members,” said Jeff Chambers, CEO of Lumin Digital. “We are grateful for the support of our investors who share our vision and commitment to transforming the digital banking experience.”

“Lumin Digital’s innovative platform, exceptional leadership, and commitment to delivering outstanding value to clients and their members are redefining the digital banking experience and have set the company apart as a true industry leader,” said Kevin Sullivan, Partner at Light Street Capital. “We are excited to support Lumin Digital’s growth.”

“Lumin Digital’s impressive traction and impactful approach to digital banking have positioned it as a true leader in the financial services industry,” said Ankit Sud, Partner at NewView Capital. “We look forward to partnering with Lumin Digital as the company continues to scale and deliver exceptional value to financial institutions and their members.”

“Lumin Digital’s cutting-edge, cloud-native platform is transforming how financial institutions engage with their members, setting a new standard for personalized, seamless digital experiences,” said Sanjay Ravi, Managing Director at Partners Group.

“We are proud to partner with Lumin as the company continues to drive innovation and revolutionize the industry,” added Will Chen, Managing Director at Partners Group.

Velera, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, remains Lumin Digital’s primary investor.

“From the very beginning, Velera’s board and management have embraced and invested in Lumin Digital’s vision for revolutionizing the digital banking industry,” said Chuck Fagan, CEO of Velera and chairman of Lumin Digital’s Board of Directors. “That investment has exceeded expectations, and we are proud to welcome new growth partners.”

Founded in 2016, Lumin has continued to experience exceptional and intentional growth — repeatedly exceeding its annual financial goals while consistently improving gross margin, operating efficiencies, and net retention. Over the past year, Lumin achieved a revenue growth rate of over 60%. Lumin’s 10-year product and client expansion strategy stays true to its foundational building blocks — great employees, innovative products, exceptional service, and disciplined and predictable growth. With customer centricity at the center of Lumin’s core values, the company is dedicated to driving innovation forward for the success of its clients and their members. 

FT Partners served as the exclusive strategic and financial advisor to Lumin Digital on this transaction.

About Lumin Digital
Lumin Digital is the leading, future-ready digital banking solution powering remarkable growth for financial institutions across the United States. Combining innovation, data, and speed, Lumin’s disruption-proof platform was born in the cloud to stay ahead of the evolving expectations of retail and business banking users. With Lumin Digital’s unique approach, our clients innovate and scale at their own pace, optimize digital banking ROI, and create a strong digital relationship with their customers. For more information, visit lumindigital.com.

About Light Street Capital
Light Street Capital is a global investment firm focused on identifying and investing in disruptive technology businesses across both public and private markets. Headquartered in Palo Alto, Light Street sits at the epicenter of innovation, utilizing its deep network of technology executives and venture capitalists to study emerging trends, identify leading growth companies, and partner with exceptional management teams who are building the next generation of enduring technology businesses. Light Street manages capital across several public fund strategies in addition to its concentrated dedicated private growth investing business. Light Street’s private investments include companies such as Chime, Gitlab, Pinterest, Scale AI, Slack, SmartHR, Toast, Uber and Unity, among others.

About NewView Capital
NewView Capital (NVC) is a venture firm dedicated to driving long-term value in the growth stage. With $3 billion in assets under management, NVC tailors capital to the needs of high-potential technology companies and partner investors, investing on a primary, secondary, or hybrid basis. The firm complements flexible funding with the operational impact and trusted connections needed to realize scale. NVC’s portfolio features category-defining companies in fintech, enterprise software, and consumer technology, including Plaid, Modern Treasury, Human Interest, Forter, Apollo.io, and Scopely.

About Partners Group
Partners Group is one of the largest firms in the global private markets industry, with around 1,800 professionals and approximately USD 150 billion in overall assets under management. The firm has investment programs and custom mandates spanning private equity, private credit, infrastructure, real estate, and royalties. With its heritage in Switzerland and primary presence in the Americas in Colorado, Partners Group is built differently from the rest of the industry. The firm leverages its differentiated culture and its operationally oriented approach to identify attractive investment themes and to transform businesses and assets into market leaders. For more information, please visit www.partnersgroup.com or follow us on LinkedIn.

About Velera
Velera, formerly PSCU/Co-op Solutions, is the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider. With over four decades of industry experience and a commitment to service excellence and innovation, the company serves more than 4,000 financial institutions throughout North America, operating with velocity to help its clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Velera leverages its expertise and resources on behalf of credit unions and their members, offering an end-to-end product portfolio that includes payment processing, fraud and risk management, data and analytics, digital banking, instant payments, strategic consulting, collections, ATM and POS networks, shared branching and 24/7/365 member support via its contact centers.

About FT Partners
Financial Technology Partners’ U.S. Investment Banking business is conducted through FTP Securities LLC, a member of FINRA and SIPC. FTP Securities LLC is a FINRA registered broker dealer (www.finra.org) and member of SIPC (www.sipc.org). FTP Securities LLC does not offer or sell securities to, or carry accounts for, retail customers. FTP Securities LLC does not make a market in any security. These registrations and memberships in no way imply that FINRA or SIPC have endorsed any of the entities, products, or services discussed herein.

SOURCE Lumin Digital

WANT YOUR COMPANY’S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

SANTA CLARA, Calif., Dec. 2, 2024 — Tenstorrent is announcing that it has closed over $693M in its Series D funding round at a pre-money valuation of $2B.   Samsung Securities and AFW Partners led the round, which was oversubscribed due to strong demand from investors. Samsung and AFW both have deep relationships with Tenstorrent, and a strong history of investing in pioneering technology companies.

In addition to the leads, many notable investors joined the round including XTX Markets, Corner Capital, MESH, Export Development Canada, Healthcare of Ontario Pension Plan, LG Electronics, Hyundai Motor Group, Fidelity Management & Research Company, Baillie Gifford, Bezos Expeditions, and more.

“We are excited by the breadth of investors that believe in our vision,” said Keith Witek, Chief Operating Officer of Tenstorrent.   “If you look at this group, you see a balance of financial investors and strategic investors, as well as some notable individuals that have conviction in our plans for AI.  They respect our team, our technology, and our vision.  They see the ~$150M in deals closed as a strong signal of commercial traction and opportunity in the market.”

Tenstorrent builds and sells computers for artificial intelligence that are built using its Tensix cores.   In addition to selling hardware, the open-source software stacks really set Tenstorrent apart from other players in the market. Tenstorrent licenses AI and RISC-V intellectual property to customers that want to own and customize their silicon. 

Tenstorrent will use the Series D funding to build out open-source AI software stacks, hire developers, expand its global development and design centers, and build systems and clouds for AI developers. 

“Our investors are great,” said Jim Keller, CEO of Tenstorrent.  “During the fundraising process I was impressed by how interested our investors were in our open-source approach to software.  They realize that the way to win is to get developers on board by giving them all the tools they need to own their own technology. “

“AFW Partners is dedicated to investing in innovative and disruptive technologies that we believe will change the world, with a specific focus on mobility innovation,” said Bonil Koo, Managing Director at AFW Partners, who leads the Series D round with Samsung Securities. “Tenstorrent’s momentum in the market, its innovative roadmaps filled with cutting edge technology, and open-source software are an unbeatable combination. We are thrilled to participate in their journey and success.”

“We find Tenstorrent’s open-source driven approach refreshing, especially in the proprietary and often secretive world of AI accelerators,” said Joshua Leahy, Chief Technology Officer, XTX Markets.  “We’re excited to support them as they bring their ambitious roadmap to market.”

About Tenstorrent
Tenstorrent is a next-generation computing company that builds computers for AI. Tenstorrent is headquartered in North America and has locations in      Toronto, Austin, and Silicon Valley, and global offices in Belgrade, Tokyo, Bangalore, Singapore, and Seoul. Tenstorrent brings together experts in the fields of AI software, computer architecture, silicon design, and advanced systems. Tenstorrent is backed by Eclipse Ventures and Real Ventures, among others. Learn more @ tenstorrent.com.

About Samsung Securities
Samsung Securities is Korea’s leading securities firm offering customer-focused, solutions-oriented retail brokerage and wealth management services for individual investors. We also offer institutional brokerage, investment advisory, investment banking and capital markets services for public and private enterprises.

About AFW Venture Partners
AFW Venture Partners is a venture capital firm aiming to make the future a better place for children. To achieve this goal, they channel their investment in technologies that benefit humankind. Their primary area of focus is Mobility Innovation which, in their definition, covers various facets of technology advancement such as electric and hydrogen engines, robotics, aerospace and their enablers such as semiconductors, hardware components and system software.

Contact: Bob Grim, [email protected] 

SOURCE Tenstorrent

WANT YOUR COMPANY’S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

DUBAI, UAE, Dec. 2, 2024 — AdvantageClub.ai, a leader in employee engagement solutions, has raised $4 million in its latest funding round, bringing its total funding to $11 million. The round was led by Axilor Ventures, with participation from AFG Ventures, Prasanna Sarkar (ex-CTO of Rippling), Bytez Ventures, and existing investors.

They plan to use the funds to strengthen its presence in the US and Asia, where company has already seen success. The company will also focus on expanding its product suite in employee recognition, rewards, and engagement, with plans to introduce new tools and features to enhance employee experience.

Sourabh Deorah, CEO & Co-founder of AdvantageClub.ai, expressed excitement about the investment from investors, saying, “This funding will help us double down on the US and Asia, expand our product suite, and continue building AI-driven solutions like Adva to engage employees in new ways.” COO & Co-founder Smiti Bhatt Deorah added, “Our employee-first approach has made us the top choice for organizations, we win 65-70% of new recognition deals in Asia and have expanded successfully into the US.”

Ganapathy Venugopal, founder and CEO of Axilor Ventures, the lead investor in this round, has been a long-time supporter of AdvantageClub.ai said,“Companies are in search of good options to improve employee engagement and strengthen their employer brand. AdvantageClub.ai’s personalised, scalable and global platform offers a best-in-class solution to employers who put their employees first. We are excited to continue our partnership with Sourabh and Smiti as they look at their next phase of exciting growth.”

About AdvantageClub.ai

AdvantageClub.ai is a global AI powered employee engagement and rewards platform with offerings like rewards & recognition, flexible benefits, surveys, moments that matter, and communities on a single platform. AdvantageClub.ai has over 5 million users, a presence in over 100+ countries, 1000+ clients, and 10,000+ redemption options. Founded in 2016 by UCLA postgraduates Sourabh and Smiti Deorah, AdvantageClub.ai leverages AI, data mining, and analytics to revolutionize employee engagement. Headquartered in San Francisco, AdvantageClub.ai has an impressive client portfolio featuring BCG, Rakbank, Havelock One, Tabreed, SGM, and many more.

Photo: https://mma.prnewswire.com/media/2570728/Sourabh_Deorah_and_Smiti_Bhatt.jpg

SOURCE AdvantageClub.ai

WANT YOUR COMPANY’S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

TORONTO, Nov. 29, 2024 — Soundpays Corp. (Soundpays), a pioneer in ultrasonic sound cue technology, is proud to announce its activation with the Houston Texans, marking a significant milestone in the company’s mission to transform fan engagement across the sports and entertainment industry. During the Texans’ game against the Detroit Lions on Sunday, November 10, 2024, Soundpays successfully delivered one of the team’s most dynamic and interactive fan experiences, showcasing the full power of its patented technology.

Soundpays’ innovative platform uses inaudible sound cues broadcast through existing stadium speakers to enable real-time engagement through fans’ mobile devices. This technology allows fans to participate in immersive light shows, access exclusive offers, purchase team merchandise, and participate in interactive moments during live events.

“Partnering with the Houston Texans is a proud moment for Soundpays,” commented Peter Awad, President of Soundpays. “This game was a testament to what our technology can achieve, and we’re excited to build on this success as we engage with more NFL teams and expand into other sports leagues, including MLB, the NBA, and beyond.”

Continued Growth and Funding Success

Following the successful completion of its required funding round, Soundpays is accelerating its operations to meet growing demand from the sports and entertainment markets. With this funding, the company is positioned to expand its partnerships, refine its technology, and deliver even greater fan experiences across the globe.

“We’re grateful to our partners, investors, and supporters who have helped us bring Soundpays to this pivotal moment,” added Awad. “This is just the beginning of a journey to redefine how fans interact with their favorite teams, whether they’re in the stadium or at home.”

For further information, please contact:
Paul Eastwood
Director, Business Development
[email protected]
416-505-2775

About Soundpays Corp.
Soundpays is a cutting-edge technology company that uses patented ultrasonic sound cues to create real-time, interactive experiences for fans.  From stadiums to broadcasts and beyond, Soundpays empowers teams, brands, and venues to connect with consumers in innovative and meaningful ways.  By enhancing audience interaction, Soundpays unlocks new revenue opportunities and delivers unforgettable experiences.

For more information, visit: www.soundpays.com

SOURCE Soundpays

WANT YOUR COMPANY’S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

The series A investment round secures resources for advancing global Phase I/II clinical programs and orchestrating the company’s global footprint expansion.

BEIJING, Nov. 28, 2024 — Allink Biotherapeutics, a clinical-stage biotechnology company pioneering next-generation bispecific antibody and antibody-drug conjugate (ADC) therapeutics, today announced successful completion of an $42 million Series A financing. The financing round was led by Lanchi Ventures, a preeminent global early-stage technology investor known for backing breakthrough innovations, with participation from an elite syndicate of new investors including Yuanbio Venture Capital, Legend Capital and C&D Emerging Industry Equity Investment, alongside strong support from existing shareholders Gaorong Ventures and Med-Fine Capital.

“Since company inception a little over a year ago, AllinkBio has rapidly advanced from lead asset PCC to clinical development stage,” said Hui Feng, Ph.D., Founder and Chief Executive Officer of AllinkBio, “We are grateful for the continued support from existing shareholders and delighted to welcome new investors who recognize both our scientific excellence and capability of translating scientific findings into clinical applications. Their support enables us to accelerate the development of our diverse pipeline spanning multiple modalities including next-generation ADCs and bispecific antibodies targeting oncology and immunology diseases. Looking ahead, we are poised to achieve multiple pipeline milestones in the coming months as we pursue our long-term mission of bringing innovative therapeutics to patients with significant unmet medical needs.”

“AllinkBio’s exceptional execution speed and quality in advancing its lead program from preclinical to clinical stage, led by Dr. Feng, one of the leading figures in China’s biopharmaceutical industry, demonstrates the company’s high competitiveness in the field,” commented Lanchi Ventures. “AllinkBio’s innovative approach to ADC development presents a compelling opportunity in the targeted oncology therapeutics space.”

The Series A financing proceeds will be deployed to advance:

• Global clinical development of lead candidates ALK201 and ALK202 through Phase 1 studies in Australia, the United States and China
• Enrichment of current portfolio by developing multiple highly competitive new assets in oncology and immunology
• Further development of the company’s proprietary bispecific antibody and ADC technology platform
• Global footprint expansion to achieve world prominence

The successful completion of this round of financing marks a pivotal moment in AllinkBio’s growth trajectory. With the new financial resources in place, combined with the company’s efficient R&D capabilities, AllinkBio is well-positioned for expedited growth toward new heights on both its product and corporate development fronts.

About AllinkBio

Founded in 2023, AllinkBio is a clinical stage biotechnology company leveraging its innovative proprietary platforms in bispecific antibodies and ADCs to develop a diverse pipeline of First-in-Class (FIC) and Best-in-Class (BIC) therapeutics. AllinkBio aims to develop treatment paradigm shifting new drugs for patients in the oncology and immunology disease areas and address critical unmet medical needs globally.

About Lanchi Ventures

Lanchi Ventures (LCV), a leading early-stage venture capital firm with offices in Singapore, Hong Kong, and Beijing, focuses on investing in entrepreneurs who leverage technological innovations to create a sustainable impact. With its heritage in Silicon Valley since 1998, Lanchi Ventures (LCV) manages over $2 billion in capital through multiple funds and has invested in over 200 portfolio companies, including Gaussian Robotics, TCab, UniUni, Agibot, Galbot, Moonshot, Li Auto (NASDAQ: LI), QingCloud (688316.SH), WaterDrop (NYSE: WDH), Ganji/58.com, Guazi, etc. The firm has been recognized by Forbes, Fortune, Preqin, and others. For further information, please visit https://www.lanchiventures.com.

SOURCE Lanchi Ventures

WANT YOUR COMPANY’S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In