OTTAWA, ON, Nov. 13, 2024 – Corfix, a leading provider of all-in-one construction management software, today announced the close of its Series A funding round, securing investment from US-based Reformation Partners. This strategic partnership will enable Corfix to accelerate product development, increase presence in the US, and advance its mission to modernize construction project management through worker-focused technology.

Built by former construction workers, Corfix is designed for ease of use and quick adoption in the field. Corfix’s digital documentation model helps companies manage complex safety and compliance requirements in an increasingly strict regulatory environment. In addition to this core focus on safety, the software offers multiple feature modules that allow a construction company to grow their workforce and processes without outgrowing the product. It is highly configurable making it the software of choice for construction companies regardless of size, trade, geography, or regulatory environment. The feature modules include key elements of project management such as, safety documentation, timekeeping and scheduling in one software that also seamlessly integrates with tools like Procore and Acumatica.

“This investment is a major step forward for Corfix as we look to expand our footprint in the US market,” said Shawn Watts, CEO of Corfix. “We’ve built a platform that puts the worker first, offering construction companies an easy-to-use, modular solution that addresses every aspect of the jobsite. This funding will help us continue to innovate, hire key roles, and deliver an even better experience for our customers.”

Reformation Partners, known for its focus on capital-efficient companies with strong product-market fit, identified a strong demand for Corfix’s comprehensive, worker-friendly solution in the US market.

“We spoke with a variety of leaders in the construction industry, ranging from developers to subcontractors to GC site safety managers, and the message was clear: there is a real need for a worker-first solution like Corfix in the US market,” said Andrew Oved, Managing Partner at Reformation. “We’re excited to partner with Corfix as they expand in the US and continue to revolutionize the adoption of construction technology.”

Corfix’s user-focused design has garnered positive feedback from its customers. “Corfix is a game changer for us,” said Zach Burick, owner of D.S. Duggins Welding Inc., a North Carolina based construction firm. “The platform was designed with the worker in mind, which makes it incredibly easy to implement on-site. Our team has embraced it enthusiastically because it simplifies everything from safety documentation to time tracking, while improving overall communication. It’s rare to find a tool that’s this powerful and this easy to use.”

Ottawa-based Corfix was founded in a region long recognized as a global tech hub, with a track record of producing global industry leading companies. In recent years, software companies like Shopify, Kinaxis, and Fullscript have emerged from the region that includes nearly 100,000 employees in the technology ecosystem. Corfix is set to join this legacy by contributing groundbreaking technology to the construction industry.

For more information about Corfix or to schedule a demo of the platform, please visit https://www.corfix.com.

About Corfix 
Corfix is an all-in-one construction management software provider designed by former construction workers, with a focus on ease of use and field adoption. Its modular and flexible platform allows companies to manage everything from safety documentation to worker management and timekeeping, offering a complete solution that grows with your business. Corfix is committed to helping construction companies streamline operations, increase safety, and improve jobsite efficiency.

About Reformation Partners 
Reformation Partners is an early-growth equity firm focused on accelerating capital-efficient businesses. They specialize in supporting companies with strong product-market fit, proven momentum, and exceptional leadership teams. With a hands-on approach, Reformation helps portfolio companies scale by providing access to a vast network of advisors, talent, and strategic partners. Their investment philosophy centers on driving growth post-investment through proven go-to-market strategies.

Media Contact:

Corfix
Stef Downes, VP of Marketing
613 620 0724
[email protected]

SOURCE Corfix

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NEW YORK, Nov. 13, 2024 — Biolux Technology, a leader in advanced light-accelerated orthodontics, today announced a USD 4.5 M investment in its seed fund stage from leading European VC redalpine and Revere Partners, the only venture capital fund focused on oral health. Biolux will use the funds to launch a smart digital platform for its flagship product, OrthoPulse®, offering real-time monitoring and treatment optimization for both orthodontists and patients. This will further OrthoPulse®’s mission to enhance orthodontic treatments through cutting-edge technology and research-driven innovations. In 2023, orthodontic market valued at USD 9 billion (12 million cases) and expected to grow at 15% CAGR to reach USD 21 billion by 2030 (30 million cases).

Alongside these developments, Biolux Technology also announced the appointment of Raphael Pascaud as Chairman of the Board. Mr. Pascaud brings a wealth of leadership experience from his roles on various boards and executive positions in the dental industry, including at companies like DentalMonitoring and Align Technology. With his deep industry expertise, Mr. Pascaud will help in steering Biolux through its next phase of growth and innovation.

Marcel Pordes, CEO of Biolux Technology, said: “We are thrilled to partner with both redalpine and Revere Partners, and welcome Raphael Pascaud as our Chairman. This investment, along with our new digital platform for OrthoPulse®, represents a critical milestone in our journey to revolutionize orthodontics. We are committed to providing patients with faster, more efficient treatment options, and ensuring orthodontists have the tools they need to deliver exceptional care.”

Daniel Dillinger, Principal at redalpine, said: “Biolux is already transforming orthodontics and delivering exceptional patient outcomes with its FDA-cleared, patented, and commercially successful flagship product, OrthoPulse®. We’re delighted to partner with the Biolux team as they enter the next phase of growth, further enhancing the state-of-the-art user experience to support their rapid scaling and expansion in the U.S. market.”

The next-generation OrthoPulse® features an exclusive, patented light-accelerated technology and an exceptionally low failure rate for more reliable treatment. Using safe near-infrared light therapy, OrthoPulse® accelerates tooth movement, cutting treatment times by up to 50%. This game-changing approach not only shortens the orthodontic process but also tackles a critical issue in patient care – longer treatments often lead to reduced compliance and more expensive, time-consuming refinements. With this new funding, Biolux Technology will accelerate the development of OrthoPulse®, advance clinical research, and develop innovative solutions that improve patient outcomes and revolutionize orthodontic treatment worldwide.

Media Contact:

Michael Hendricks, Chief Business Officer at Biolux Technology USA LLC 917-340-1651 / [email protected]

About Biolux Technology

Biolux Technology is a leading innovator in light-accelerated orthodontics, dedicated to developing advanced technologies that improve patient outcomes and treatment experiences. The company’s flagship product, OrthoPulse® uses near-infrared light therapy to safely and effectively accelerate tooth movement, reduce treatment time and treatment discomfort. Thus, OrthoPulse® improves the predictability of aligner treatments, enhancing the overall orthodontic experience.

About redalpine

redalpine is the pan-European venture capital firm that empowers GameChangers. Founded in Zurich in 2006, with offices in Berlin, London, and a presence in San Francisco, redalpine brings together financial investment, operational expertise, and a vast international network to help ambitious entrepreneurs transform their vision into a reality.

redalpine has over $1bn in assets under management and has backed some of Europe’s most disruptive software and science companies, including N26, Taxfix, Mistral, 9fin, Carvolution, Klarna, and Infinite Roots. With a multi-stage investment approach, redalpine invests Europe-wide and counts over 100 companies in its portfolio. Find out more at www.redalpine.com  

About Revere Partners

Revere Partners is the first and only venture capital fund focused on oral health. Their mission is to identify and support innovative companies in the dental and orthodontic sectors, with a focus on improving patient care and outcomes through cutting-edge technology. Their experienced team of industry professionals ensures the success of their portfolio companies in a competitive market.

The investment was facilitated by Mark Van Weelde, a larger- than-life figure whose vision and dedication were instrumental in bringing Revere Partners and Biolux together. This partnership stands as a tribute to his remarkable legacy.

For more information, please visit: 
www.orthopulse.com
www.redalpine.com 
www.reverepartnersvc.com 

SOURCE Biolux Technology – OrthoPulse

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Zeplyn saves financial advisors an average of 10-12 hours per week while meeting security and compliance standards for financial industry

NEW YORK, Nov. 13, 2024 — Zeplyn, the AI assistant for financial advisors, today announced a $3M seed funding round. Led by Leo Capital, with additional investing from Converge and angel investors, the funding will be used to support the company as it rebuilds wealth management from an AI-native perspective.

Founded by two former Google engineers, Zeplyn reduces the administrative burden placed on financial advisors, improving the advisor-client experience by automating time-consuming tasks and making client intelligence more accessible. The company’s AI Meeting Assistant, designed specifically for financial advisors and wealth management firms, takes unstructured conversational data and turns it into highly accurate notes. Streamlining meeting prep, note-taking and post-meeting workflows while fulfilling compliance requirements, Zeplyn saves financial advisors an average of 10-12 hours per week.

“60% of client data gathering happens over meetings, yet less than 25% of client meetings are properly documented, because manual note-taking is time-consuming, distracting and prone to errors,” said Era Jain, CEO and Co-Founder of Zeplyn. “Financial Advisors spend anywhere from an hour to an hour and a half per client meeting consolidating their notes and doing follow-up work. Many bring an associate advisor to these meetings just to take notes. Despite spending several manual hours, incomplete client data still remains a challenge as details fall through the cracks.”

“Zeplyn enables financial advisors to streamline meeting admin from prep to follow-up, automatically updating client records while protecting PII,” added Divam Jain, CTO and Co-Founder of Zeplyn. “It is built to meet the unique workflow requirements and security and compliance standards of the wealth management community.”

Zeplyn provides a time-saving toolkit for advisory firms to prep for client meetings, accurately capture financial data and key client insights, and seamlessly trigger follow-up tasks – which, in turn, improves the client experience.

“Zeplyn enhances our ability to deliver personalization at scale by providing a time dividend advisors can reinvest in client service and growth,” said Trevor Chuna, CTO at Sequoia Financial Group. “Multiple team members have reported time savings of 30-60 mins+ on meeting follow-up activities. We selected Zeplyn not just for their omni-channel note-taking capabilities, but also for their long-term vision in supporting the over-all client meeting process—the most frequent and expensive activity of an RIA.”

Zeplyn is a platform-agnostic solution that can be used across virtual and in-person meetings, as well as for dictations. It has multiple out-of-the-box integrations, including Salesforce, and wealth-specific CRMs such as Redtail, and Wealthbox, enabling it to plug into existing infrastructure and integrate with the advisor technology stack.

“We are delighted to be partnering with Era and Divam as they build Zeplyn. Zeplyn brings the Wealth Management industry into the age of AI, enabling better outcomes for advisors, RIAs, wealth management firms and ultimately, investors,” said Shwetank Verma, Co-Founder and Managing Partner, Leo Capital. “Zeplyn allows advisors to spend more time advising and elevating their client experience.”

“Zeplyn is bringing AI into a real-world context and having a real-world impact,” said Nilanjana Bhowmik, Converge Co-Founder and General Partner. “Unstructured data has long presented problems for the heavily regulated financial world, providing limited or time-consuming insights and posing potential compliance issues. But with Zeplyn, financial advisors can quickly extract accurate information while staying in compliance.”

About Zeplyn
Built by former Google engineers, Zeplyn is an AI platform purpose-built for wealth management firms to streamline advisor workflows, cutting down manual work by more than 90%. Zeplyn is rebuilding wealth management from an AI-native perspective, automating time-consuming admin tasks and creating space for foundational work and relationship-building.

Co-Founders Divam Jain and Era Jain met at Google, where they spent a decade building AI before leaving to start Zeplyn. Passionate about the potential of AI to transform workflows and empower professionals, Era and Divam realized that AI could benefit the relationship-driven and largely still manual Wealth Management industry.

Zeplyn’s flagship product, Zeplyn Meeting Assistant, streamlines the time-consuming admin tasks of meeting preparation, note-taking, client follow-ups, managing tasks/workflows, and updating CRMs. With Zeplyn, advisors save 10-12 hours per week and invest time where they earn the highest return: building client relationships.

SOURCE Deep Insights Ai Inc

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HONG KONG, Nov. 12, 2024 — Recently, Song Xiangqian, founder of Harvest Capital, emphasized in an interview with Caixin that understanding cyclical changes deeply is crucial for predicting the future.

1. “Consumer Goods Are Not Fast-Moving but Have Cyclical Resilience”

Before founding Harvest Capital, Song Xiangqian accumulated extensive experience in the securities industry, holding senior positions at various financial institutions such as Everbright Securities and Guosen Securities. This background has provided him with a broad macro perspective and keen insight into economic trends and policy adjustments. Throughout his career, he has consistently focused on profound economic cycle changes.

Over the past decade, China’s consumer market has undergone multiple transitions—from consumption upgrades to the wave of new consumption, and now to the current phase of consumption downgrades. Song Xiangqian explained that the emergence of consumption upgrades and new consumption was driven by human needs, aligning with Maslow’s hierarchy of needs. In recent years, however, due to insufficient effective demand and declining marginal consumption propensity, people have gradually shifted to affordable daily essentials, moving away from a preference for premium consumption among the middle class.

Song Xiangqian predicts that while consumption upgrades and new consumer categories will continue to emerge in China’s market, they will not be as frequent as in the past. Since its inception, Harvest Capital has adhered to an investment philosophy centered on “essential, high-frequency, and livelihood-related” products. This trend-aligned strategy has enabled Harvest to develop a portfolio with numerous consumer brands, positioning itself as a prominent investor in national brands.

In today’s macroeconomic climate, Song Xiangqian revealed that Harvest Capital will continue to optimize its investment strategy, with a sharper focus on cost-effective consumer categories to remain in sync with the current economic cycle.

Song Xiangqian believes that to fully understand China’s economy and consumer market, one must venture into smaller cities and counties to grasp the needs of low- and middle-income consumers. As the consumption markets in first- and second-tier cities become saturated, the rise of county-level economies is becoming a new driver of consumer growth.

2. Finding Constants in a Changing Landscape

In 2017, Harvest Capital strategically invested in Eastroc Beverage. Four years later, Eastroc went public on the Shanghai Stock Exchange, hailed as the “first functional beverage stock.” This investment not only yielded significant returns but also demonstrated Harvest’s market insight in the consumer sector. Harvest supported Eastroc in expanding its market coverage and implementing digital transformation, enhancing the brand’s capabilities.

Harvest also invested RMB 200 million yuan in 2019 in Lao Xiang Ji, helping it grow into China’s largest Chinese fast-food chain by store count. Despite the vast size of China’s catering market, there have long been no chain giants comparable to McDonald’s or Starbucks globally. Song Xiangqian believes that China still has gaps in “industrialization, standardization, and modernization.” Achieving chain scalability requires aligning stakeholders’ interests and retaining strong management.

As China’s demographic structure ages, consumption patterns will shift accordingly. Song Xiangqian stated that Harvest Capital will increasingly focus on youth-driven consumer groups, even though the “silver economy” (targeting elderly consumers) holds great potential but lacks market maturity. Harvest’s investment strategy will continue to seek constancy amid changing fundamentals of human needs.

3. The Importance of Patient Capital

In recent years, Song Xiangqian has repeatedly stressed that consumer and tech investments are not mutually exclusive. Although tech investments are currently in high demand, he pointed out signs of overheating in the tech sector, while consumer investments have remained relatively calm. Technological advancement requires sustained, systematic investment, and Harvest Capital believes that the key to economic growth lies in the steady growth of companies’ cash flows.

In his August article on Caixin, “The Second Half of China’s Venture Capital Industry,” Song Xiangqian noted that China’s VC industry has entered a more meticulous, real-economy-driven era, moving away from a fundraising model based solely on storytelling. Going forward, Harvest Capital aims to further transition from “Harvest Capital” to “Harvest Industries,” as Song Xiangqian hopes to evolve from investor to industrialist, advancing post-investment services and corporate management within the firm.

About Harvest Capital

Founded in 2007, Harvest Capital is a professional fund committed to value investing with a focus on China’s consumer and service sectors. It is one of the few value-creating funds in China with the ability to make industrial investments, treating investment as an industry in its own right. The fund’s total assets under management exceed RMB 29 billion. Supporting Chinese consumption and empowering national brands is at the core of Harvest’s mission.

Representative investment cases include Jinmailang, Xiaocaiyuan, Eastroc  Beverage, Qiaqia Food, Jiajia Food, Laiyifen, Xiao Guan Tea, Aimer, ORG Technology, Babi Food, Home Original Chicken, Wenheyou, Taikang, Easyhome, Boloni,  Carpoly, Yenova Decoration, Newpearl Group, Meitu, Meituan, Didi, and more.

SOURCE Harvest Capital

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SAN FRANCISCO, Nov. 12, 2024 — Outbuild, a construction scheduling and planning software company, today announced it has raised $11 million in Series A Funding. The round was led by Sway Ventures with participation from Hilti Venture, Trimble Ventures, and venture capital firms BGV and Zacua Ventures. This investment will help drive a targeted 100% increase in Outbuild’s commercial growth by Fall 2025, support significant team expansion, and advance a product roadmap that includes artificial intelligence.

“We are honored to partner with such a strong group of investors who share our goal of advancing the construction industry through holistic, yet simplified, scheduling and cross-team collaboration,” said Franco Giaquinto, CEO, Outbuild. “This investment marks a significant step forward in delivering improved project outcomes for the dedicated construction professionals and end users we serve.”

The construction industry faces significant challenges in meeting project timelines, with KPMG reporting that 75% of construction projects experience delays. These setbacks are reported to lead to costly overruns and late project completions. According to Giaquinto, Outbuild was founded as the first startup in the space to address these critical issues by consolidating scheduling, lookaheads, weekly plans and analytics into one unified solution.

With the support of Hilti and Trimble, two prominent leaders in the construction technology industry, Outbuild aims to integrate advanced functionalities to improve real-time project planning and construction management. Additionally, Sway Ventures, BGV, and Zacua Ventures bring expertise in scaling enterprise technology startups. According to Giaquinto, their involvement will contribute to expanding market presence and driving ongoing and future innovation.

“Outbuild is helping to solve one of the most persistent challenges in construction—keeping projects on time and on budget, while minimizing risk,” said Brian Nugent, Founding General Partner Sway Ventures. “Their solution to scheduling and team collaboration will fundamentally transform how the industry approaches project planning and execution.”

Outbuild is currently being implemented on over 4,000 projects throughout 10 countries. Select general contractors across the country leveraging Outbuild include Greystar, Andres, McAlvain, Skender and Warfel.

“The reason we really like Outbuild is that it brings everything together,” said Ben Stocker, Senior Construction Technologist, Skender. “The schedule and the look-ahead plan communicate with each other, and there’s mobile access, making it easy to share with people.”

About Outbuild:
Founded in 2021, Outbuild is a cutting-edge scheduling and planning software solution designed to enhance project management in the construction industry. As the only platform that allows users to build their schedules, lookaheads, and weekly work plans within one integrated ecosystem, Outbuild offers a holistic approach to project planning. With a focus on Last Planner® principles, Outbuild streamlines workflows and improves collaboration among teams. The platform provides real-time insights and project analytics through customizable dashboards, empowering construction professionals to optimize scheduling, increase efficiency, and reduce delays. Outbuild’s user-friendly interface and robust features make it an essential tool for achieving better project outcomes.

About Sway Ventures:
Sway Ventures is a US-based venture capital firm investing in early to mid stage technology companies. They invest in high performing teams creating the next enterprise or consumer category. Sway Ventures is the venture capital arm of Sway Capital, a global platform for alternative investments. Sway transforms capital into catalysts, investing in tomorrow’s breakthroughs by harnessing entrepreneurial innovation and institutional expertise to build a new paradigm in asset management. Their multi-strategy approach spans private equity, private credit, impact, media and advisory. From their venture studio to growth equity investments, they are not just funders – they are partners in industry transformation and category creation.

CONTACT: 
Ashley Greybar
Outbuild
[email protected]

SOURCE Outbuild

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Vatn Systems’ cost-effective, modular autonomous underwater vehicles enable customers to deploy effects at scale against undersea and surface targets

Founded in 2023, the company is already actively testing in military exercises with key defense organizations including the U.S. Navy and Marine Corps

PORTSMOUTH, R.I., Nov. 12, 2024 — Vatn Systems, a leading defense technology company building autonomous underwater vehicles for the US military and allies, today announced it has raised an oversubscribed $13 million seed round, bringing total funding to $16.5M. The round was led by DYNE Ventures with participation from Lockheed Martin Ventures, RTX Ventures, In-Q-Tel (IQT), Propeller Ventures, SAIC Ventures, Cubit Capital, Fortitude Ventures and existing investors that include Centre Street Partners, The Veteran Fund, Blue Collective, and Decisive Point.

“Vatn Systems is on a journey to redefine naval warfare by building low-cost, high-speed, autonomous underwater vehicles that can be deployed at scale as force multipliers,” said Nelson Mills, co-founder and CEO of Vatn Systems. “This funding enables us to advance our strategy to expand our team and set up a state-of-the-art manufacturing facility to bring our autonomous underwater vehicles to market next year.”

“Vatn’s rapid progression from concept to high-tech working prototype in just six months is an impressive feat that speaks to the strength of the winning team they’ve built,” said Matthew Kibble, co-founder and Managing Partner of DYNE Ventures. “We’re also confident they can replicate their early success with the Department of Defense to address commercial needs in sectors such as law enforcement, aquaculture, and search & recovery across the U.S. and our AUKUS partners.”

Vatn Systems’ cost-effective, modular autonomous underwater vehicles enable customers to deploy effects at scale against undersea and surface targets. Bridging the gap between AUVs and torpedoes, Vatn’s flexible design and in-house Inertial Navigation System enable precision delivery of a wide range of effects at ranges of almost 1,000 miles. A core differentiator is the company’s advanced navigation software that is effective in GPS, vision, and communication-compromised environments. Vatn vehicles use applied AI to make decisions in real-time, and the systems also leverage Machine Learning to enhance navigation algorithms.

“Lockheed Martin Ventures’ investment in Vatn Systems aligns with our strategy to invest in cutting-edge technologies that have the potential to provide innovative deterrence solutions to the U.S. and its allies,” said Chris Moran, vice president and general manager of Lockheed Martin Ventures. “The development of autonomous underwater vehicles that collaborate in cooperative swarms, especially in challenging environments with limited communication, could be a game changer in completing sea domain missions.”

“Vatn’s dynamic platform and advanced software are enhancing naval technology and redefining navigation capabilities,” said Daniel Ateya, president and managing director of RTX Ventures. “Our investment will help Vatn to progress autonomous underwater vehicles, delivering transformative capabilities that are essential for military and law enforcement operations.”

Founded in April 2023, Vatn Systems has quickly proven its technology, growing from founding to launching its first drones in the water within six months. The company is actively testing in military exercises with key defense organizations including the U.S. Navy and Marine Corps.

About Vatn Systems
Vatn Systems is a leading defense technology company building autonomous underwater vehicles that can be deployed at scale for the US military and allies. Founded in 2023 by a team of maritime experts and military leaders, Vatn Systems is on a mission to be the next underwater defense prime in a world where autonomous systems dominate naval battlefields. For more information, visit www.vatnsystems.com.

Media Contact
[email protected]

SOURCE Vatn Systems

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LONDRES, 12 novembre 2024 — H.I.G. Bayside Capital Europe (« Bayside »), la filiale européenne de situations spéciales et de solutions de capital de H.I.G. Capital (« H.I.G. »), une société d’investissement alternatif mondiale de premier plan avec 65 milliards de dollars de capital sous gestion, a le plaisir d’annoncer son financement d’Oliver James (« Oliver James » ou la « société »), le spécialiste du recrutement international et des solutions de talents en pleine croissance. Bayside a fourni une facilité de 31 millions GBP pour refinancer la dette existante et financer la croissance future de la société.

Oliver James a été fondé en 2002 à Manchester, en Angleterre, par Oliver Castle et James Rogers. Il s’agit aujourd’hui d’un spécialiste du recrutement et des solutions pour les talents qui a reçu de nombreuses récompenses et qui possède 14 bureaux dans le monde, en se concentrant sur des secteurs verticaux spécialisés. Depuis sa création, Oliver James a connu une croissance organique significative grâce à son modèle opérationnel sophistiqué et technologique, à sa connaissance des marchés spécialisés et à l’importance qu’il accorde au développement et à la fidélisation de son personnel.

Bayside a fourni à Oliver James une solution de financement sur mesure et flexible qui permet à la société de continuer à investir dans ses activités et de poursuivre son développement. La solution de financement comprend également des facilités non utilisées pour soutenir la croissance future.

Graeme Edwards, directeur financier d’Oliver James, déclare : « Nous sommes ravis de nous associer à Bayside pour la prochaine phase de notre croissance et de nos investissements. L’équipe de Bayside a excellé par ses connaissances et sa flexibilité et a été en mesure d’adapter le financement à nos besoins. »

Florian Kawohl, directeur général de Bayside, déclare : « L’approche, la stratégie et l’exécution impressionnantes d’Oliver Castle et de James Rogers ont abouti à une reconnaissance exceptionnelle de leur entreprise sur le marché. Notre prêt Capital Solutions nous permet de refinancer la dette existante et de fournir des fonds flexibles pour soutenir l’entreprise dans sa prochaine phase. Nous nous réjouissons de travailler avec l’équipe d’Oliver James et de soutenir la croissance continue de l’entreprise. »

À propos d’Oliver James

Oliver James est spécialisé dans les services de recrutement et de solutions pour les talents. La société dispose de 14 bureaux au Royaume-Uni, en Europe, en Asie-Pacifique et aux États-Unis, pour un chiffre d’affaires de 351 millions GBP en 2023. Pour en savoir plus, visitez le site oliverjames.com.

À propos de Bayside Capital

Bayside Capital est la filiale de H.I.G. Capital spécialisée dans les situations spéciales. Axé sur les entreprises du marché intermédiaire, Bayside investit dans plusieurs segments des marchés primaires et secondaires des capitaux d’emprunt en mettant l’accent sur les rendements à long terme. Avec huit bureaux aux États-Unis et en Europe et plus de 500 professionnels de l’investissement, Bayside dispose de l’expérience, des ressources et de la flexibilité nécessaires pour générer des rendements supérieurs ajustés au risque. Pour plus d’informations, veuillez consulter le site web de Bayside bayside.com.

À propos de H.I.G. Capital

Basée à Miami et disposant de bureaux à Atlanta, Boston, Chicago, Los Angeles, New York et San Francisco aux États-Unis, ainsi que de filiales internationales à Hambourg, Londres, Luxembourg, Madrid, Milan, Paris, Bogota, Rio de Janeiro, São Paulo, Dubaï et Hong Kong, H.I.G. est spécialisé dans la fourniture de capitaux d’emprunt et de capitaux propres aux entreprises du marché intermédiaire, en utilisant une approche flexible et axée sur les opérations et la valeur ajoutée :

• Les fonds d’actions de H.I.G. investissent dans des rachats par la direction, des recapitalisations et des scissions d’entreprises rentables ou sous-performantes dans les secteurs de la fabrication et des services.
• Les fonds de créances de H.I.G. investissent dans le financement de la dette senior, unitranche et junior d’entreprises de toutes tailles, à la fois sur une base primaire (émission directe) et sur les marchés secondaires. H.I.G. gère également une société de développement des affaires cotée en bourse, WhiteHorse Finance.
• Les fonds immobiliers de H.I.G. investissent dans des biens à valeur ajoutée, qui peuvent bénéficier d’une amélioration des pratiques de gestion des actifs.
• H.I.G. Infrastructure se concentre sur les investissements à valeur ajoutée et les investissements « core plus » dans le secteur de l’infrastructure.

Depuis sa création en 1993, H.I.G. a investi dans, et géré, plus de 400 entreprises dans le monde entier. Le portefeuille actuel du cabinet comprend plus de 100 entreprises dont le chiffre d’affaires cumulé dépasse les 53 milliards de dollars. Pour plus d’informations, veuillez consulter le site web de H.I.G. hig.com.

*Basé sur le capital total levé par H.I.G. Capital et ses affiliés.

Contact presse :

Duncan Priston
Co-directeur de Bayside Europe
[email protected]

Andrew Scotland
Co-responsable de Bayside Europe
[email protected]

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Investment Propels Shiru’s Mission to Transform Ingredient Innovation Across Food, Personal Care, Agriculture and Advanced Materials

• Series B funding quickly follows the launch of ProteinDiscover.ai, Shiru’s groundbreaking AI-powered ingredient discovery platform.
• Global companies now contract with Shiru to discover and develop high-value, sustainable proteins.
• The new investment will support Shiru’s expansion as more partners realize the benefits of AI-driven ingredient innovation.

BERKELEY, Calif., Nov. 12, 2024 — Shiru, the pioneer in AI-powered ingredient discovery, has secured a $16 million investment round as it leads a revolution in how ingredients are discovered and developed across multiple industries.

Shiru’s flagship platform, ProteinDiscovery.ai, hosts the world’s largest database of natural proteins from plants and microbes. The AI-driven platform enables corporate partners in food, personal care, agriculture and advanced materials to swiftly identify and test highly functional, natural ingredients. The results include dramatically reduced R&D and product development costs, accelerated time to market and high functional capabilities from nature-identical products.

“AI-powered discovery isn’t only the future of ingredient innovation – it’s here today, and we’re eager to expand our capabilities across flavor, skincare and agriculture,” said Dr. Jasmin Hume, Founder and CEO of Shiru. “Our technology dramatically reduces development timelines and costs, empowering R&D teams to revolutionize products, categories and industries through our platform, enabling valuable innovation and competitive advantage.”

The round, bringing Shiru’s total funding to $36 million, was led by longtime investor S2G Ventures, with participation from CPT Capital, Lux Capital, Nourish Ventures, and Meach Cove Capital. This investment will fuel Shiru’s ambitious growth plans, expanding its ingredient portfolio and enhancing ProteinDiscovery.ai through new commercial partnerships and expanded offerings.

Shiru’s recent advancements underscore its leadership position in ingredient innovation:

1. A joint partnership with Ajinomoto Health & Nutrition to develop and scale sweet proteins, a long-sought goal in the food industry.
2. The introduction of OleoPro™, a high-performance, structured fat alternative that recently received a USPTO patent; and uPro™, the active protein ingredient in OleoPro.
3. Confirmed partnerships with global leaders including Griffith Foods to discover, pilot and scale sustainable food ingredients.

“While we’re starting with proteins, our vision extends far beyond,” Hume added. “ProteinDiscovery.ai is just the beginning. We’re building a comprehensive platform that will revolutionize ingredient discovery across multiple molecular classes, driving innovation that benefits both industry and consumers.”

About Shiru, Inc.
Shiru, The Ingredient Discovery Company, is accelerating the limitless potential of nature-inspired ingredients through AI-powered discovery and high-performance, sustainable products. Shiru’s groundbreaking approach, powered by its patented Flourish™ technology, is transforming the landscape of ingredient innovation. Its flagship platform, ProteinDiscovery.ai, offers an interactive marketplace and discovery suite featuring 33 million molecules, setting a new standard for applications across food, personal care, agriculture, and advanced materials. Led by a team of seasoned technologists and industry veterans, Shiru is based in Berkeley, California, and is backed by leading venture capital firms, including S2G Ventures, Nourish Ventures, and CPT Capital. For more information, visit http://www.shiru.com and ProteinDiscovery.ai.

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[email protected]

SOURCE Shiru, Inc.

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The real-time resource management platform fully automates cloud resources in production environments, resulting in up to 80% cloud cost savings, increased application reliability, and improved performance through AI-powered algorithms.

NEW YORK and TEL AVIV, Israel, Nov. 12, 2024 — ScaleOps, the leader in real-time automated cloud resource management, today announced $58 million in Series B funding led by Lightspeed Venture Partners, with participation from returning investors NFX and Glilot Capital Partners, and new investor Picture Capital. The round comes just one year after its series A, following tremendous business growth for the company, bringing its total funding to $80M. Alongside the funding, ScaleOps is launching two new capabilities: AI-powered real-time predictive scaling and intelligent pod placement, which together can deliver up to 50% in additional cloud cost savings and improve application performance.

Cloud-native application adoption is growing exponentially, and it’s predicted that by 2029, over 95% of companies will be using containers in production.^[1]

In cloud-native production environments, there are hundreds, sometimes thousands, of different applications. Every application has specific business requirements and dynamic resource consumption patterns, requiring continuous manual adjustments to meet changing demands. Companies fail to efficiently align cloud resources with application demands, leading to millions of dollars in wasted resources and performance and reliability issues.

This causes painful friction between the different application owners, who are in charge of manually tuning resources, and DevOps teams, who must constantly intervene to maintain proper resource allocation.  

ScaleOps solves these challenges with its fully automated, real-time cloud resource management platform powered by AI. By providing its customers with a context-aware platform that leverages the holistic view of the cluster and considers every application’s needs, ScaleOps removes the organizational friction between application owners and DevOps teams by fully automating resource allocation to meet real-time demand.

“We realized that no one in the market was solving the problem; they were just providing visibility and bringing awareness to it. The process of resource allocation was still completely broken. The only way to solve the problem was to provide a solution that would seamlessly automate cloud resource management in real-time.” said Yodar Shafrir, ScaleOps co-founder and CEO. 

The ScaleOps platform is self-hosted and runs on any cloud provider, on-premise, or air-gapped environment. Installation takes just two minutes. It audits your cloud infrastructure, in read-only mode to instantly reveal potential cost savings before activating automation with a single click of a button.

Today, ScaleOps introduces two new capabilities: predictive horizontal pod auto-scaling, which uses AI to forecast application loads for real-time scaling, ensuring peak performance and efficient scaling down during low demand. Additionally, intelligent pod placement that optimizes resource allocation by considering application constraints and cluster status, reducing the number of active nodes required. Together, these innovations deliver an estimated 50% additional cost savings and improved application performance.

“Using our real-time automation, we are empowering companies to free their R&D teams to focus on innovation while reducing their cloud costs dramatically and improving their application’s performance and reliability, a win-win situation,” said Shafrir. “We’re rapidly evolving to additional fields, and this funding will enable us to accelerate our mission, scaling our platform and team to meet the growing needs of organizations managing cloud-native resources worldwide.”

In less than a year since the product was first launched, ScaleOps has experienced rapid growth worldwide. Today, ScaleOps automatically manages the production environments of Fortune 100 companies and industry leaders like Wiz, Outreach, SentinelOne, Maxar, Playtika, Orca Security, Cato Networks, and dozens more.

“ScaleOps is positioned as the clear category leader in cloud resource management, tackling head-on what we see as the most critical challenge in the cloud-native landscape,” said David Gussarsky, Partner at Lightspeed Venture Partners. “As the only real-time, fully automated solution trusted by large enterprises in their production environments, ScaleOps addresses one of the most pressing challenges in cloud-native infrastructure today. With organizations facing pressure to control cloud costs while also improving performance, ScaleOps’ automation is a breakthrough, and their rapid growth this past year underscores the critical need they are fulfilling in the market.”

Media Contact

Lazer Cohen
[email protected]
347-753-8256

^[1] https://www.gartner.com/document/5361263?ref=soirAll&refval-407955430&

Photo – https://mma.prnewswire.com/media/2554634/ScaleOps_Team.jpg
Photo – https://mma.prnewswire.com/media/2554633/ScaleOps_Founders.jpg

SOURCE Scaleops Labs Ltd.

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