Increased Minority Ownership Stake Furthers Growing Commitment to the Risk and Compliance Market

NEW YORK, Nov. 8, 2024 — Dow Jones today announced it has expanded its ownership stake in Ripjar, a global leader in data intelligence software. This strategic investment reflects Dow Jones’s ongoing commitment to providing leading-edge AI to the risk and compliance community. The move is the latest in a series of investments and initiatives that have helped transform Dow Jones to become a leading information service provider.

Since its founding, Ripjar has pioneered new technologies to protect financial firms and enterprises from the rising threat of money laundering, fraud, cyber crime and terrorism. Dow Jones has partnered with Ripjar since 2018 to deliver advanced risk screening and monitoring solutions to thousands of compliance customers. It first announced an equity investment in Ripjar in 2023.

“It’s our mission to deliver the world’s most trusted journalism, data and analysis to help people make decisions. Our increased investment in Ripjar helps Dow Jones in serving the growing global Risk and Compliance community,” said Almar Latour, CEO of Dow Jones and Publisher of The Wall Street Journal. “We continue to find ways to expand our products and services to professionals who navigate an increasingly complex global economy and remain up-to-date on the evolving regulatory landscape.”

Dow Jones’s executive vice president and general manager of Risk & Research Joel Lange will work closely alongside Ripjar’s newly appointed CEO Tom Obermaier and majority investor Long Ridge Equity Partners to grow its operations internationally, as well as supporting new and existing customers to navigate a complex compliance landscape.

With this increased stake, Dow Jones reinforces the importance of this long-standing partnership while strengthening its own position at the forefront of innovation. This is also the latest investment the company has made in new and emerging technologies that further its portfolio of B2B products and services. Earlier this year, Dow Jones acquired A2i Systems, a world leader in AI-powered fuel pricing solutions, to support its growing energy business and infuse innovation across the portfolio.

This investment comes at a time of rapid growth for Dow Jones Risk & Compliance, which provides best-in-class data, integrated technology solutions and due diligence services for managing regulatory and reputational risk. In fiscal year 2024, the business grew 16% year-over-year, reaching nearly $300 million in revenues.

About Dow Jones
Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivaled quality content for more than 130 years and today has one of the world’s largest news-gathering operations globally. It is home to leading publications and products including the flagship Wall Street Journal, America’s largest newspaper by paid circulation; Barron’s, MarketWatch, Mansion Global, Financial News, Investor’s Business Daily, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, OPIS and Chemical Market Analytics. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).

About Ripjar
Ripjar is a data intelligence platform company whose mission is to help organisations and governments automate the detection, investigation, and monitoring of threats from criminal activity. Founded by former members of the UK’s Government Communications Headquarters (GCHQ), Ripjar develops software products that combine automation, artificial intelligence, and data visualisation to help companies solve the most complex risk and security management problems at scale. For more information, visit www.ripjar.com and follow @Ripjar on LinkedIn.

SOURCE Dow Jones & Company, Inc.

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

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

Boston Materials Builds on Established Manufacturing Footprint in USA and Expands Global Product Deployment of Advanced Materials for Semiconductors and Aerospace Markets

BILLERICA, Mass., Nov. 7, 2024 — BOSTON MATERIALS, INC., a manufacturer of advanced materials key to the next generation of semiconductors and aircraft platforms, today announced $13.5 million in new funding. The investment was led by AccelR8 and Diamond Edge Ventures, the US-based corporate venturing arm of Mitsubishi Chemical Group, a leading global carbon fiber manufacturer. With this funding, Boston Materials is accelerating its expansion into the semiconductor market, building from its existing footprint in the aerospace market.

“The world is experiencing an unprecedented increase in energy consumption from computing and transportation,” said Dwight Poler, CEO of AccelR8. “BOSTON MATERIALS is spearheading a new class of materials designed to maximize both the performance and efficiency of energy-intensive systems.”

Founded in 2016, Boston Materials produces a new class of materials that are conductive and durable like metal, yet light as plastic. The underlying patented technology, Z-axis Fiber™, uses vertically aligned carbon fibers to create materials with enhanced energy transfer properties. Highly differentiated advanced materials, commercialized under the ZRT^® tradename, solve critical challenges relating to thermal management and vehicle weight reduction across trillion-dollar industries– including Semiconductors, Aerospace, and Electrified Vehicles. Backed by scaled manufacturing technologies, facilities primed for high-volume production, and validation in performance-critical applications across high-growth sectors, industry leaders turn to Boston Materials to go beyond today’s known limitations.

“Carbon fiber is a strategic product pillar for Mitsubishi Chemical Group. The BOSTON MATERIALS Z-axis Fiber technology is a fundamentally new approach to expand the importance and applications of carbon fiber into industries that are building the future,” said Curtis Schickner, President of Diamond Edge Ventures.

“There is an urgent and quickly ramping need for advanced energy transfer materials. This new class of materials maximize performance and efficiency across data centers, airplanes, electrified vehicles, and beyond,” said Anvesh Gurijala, CEO of Boston Materials. “BOSTON MATERIALS is aggressively expanding its existing manufacturing capabilities and accelerating global product deployment to meet this demand.”

The $13.5 million equity investment round also saw participation from returning and new investors, including Valo Ventures, Gatemore Venture Partners, Collab Fund, and Woori Venture Partners.

ADDITIONAL INFORMATION: https://www.bomaterials.com/

SOURCE Boston Materials

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

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

SUNNYVALE, Calif., Nov. 7, 2024 — Plug and Play, the world’s leading global innovation platform, has announced a new partnership with JERA Ventures, a corporate venturing arm of JERA, the largest power generation company in Japan. By joining Plug and Play Energy, JERA Ventures aims to leverage emerging technologies and business models in Silicon Valley and beyond.

This collaboration enables JERA Ventures to partner with leading technology startups to develop solutions that ensure universal access to clean energy, eliminating barriers related to price, location, and availability.

“At JERA Ventures, we envision a world where clean energy is a given, allowing people to channel their energy into what truly excites them,” said Isao Okubo, Senior Partner of JERA Ventures. “By leveraging Plug and Play’s extensive startup network and JERA’s expansive value chain, we aim to bring unprecedented innovation to the energy sector.” “We strive to create energy that enables society to grow freely and sustainably, empowering individuals to pursue their dreams with sustainable, affordable, and stable energy.”

Plug and Play specializes in driving innovation across over 20 industries, including energy. The program encompasses a wide range of technologies representing almost every function within the energy value chain. The partnership with JERA Ventures will accelerate the development of technology solutions across various focus areas, including the hydrogen/ammonia supply chain, new-generation green power, and green transformation services.

“Our partnership with JERA Ventures represents a significant step toward driving impactful innovation in the energy sector,” said Reza Khaj, Director of Energy at Plug and Play. “By leveraging our global network of startups and JERA’s expertise, we aim to accelerate the development of solutions that will transform the energy landscape toward a more sustainable and equitable future.”

For more information on how to get involved, please visit https://www.plugandplaytechcenter.com/industries/energy.

About Plug and Play
Plug and Play is the leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we’re present in 60+ locations across 5 continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize startup acceleration programs and have built an in-house VC to drive innovation across multiple industries where we’ve invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For more information, visit https://www.plugandplaytechcenter.com/

About JERA VENTURES
JERA Ventures is a corporate venture capital arm that strategically invests a total of 300 million USD in startups with cutting-edge technologies and business concepts, as well as in venture capital funds that have close networks with these companies. With the key concept of being a “Sandbox for those who are serious about changing the world,” JERA Ventures aims to serve as a bridge among JERA, startups, and the society, striving to be a valuable partner for startups that take on the challenge to change the world in the energy sector. Visit us at JERA Ventures | JERA 

Media Contact
[email protected] 

SOURCE Plug and Play

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

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

Leading companies like Ramp, Qonto, Swile, and Gorgias rely on Siit to streamline employee support and automate workflows using advanced AI

PARIS, Nov. 7, 2024 — Siit today is officially launching its AI-powered Service Desk solution for IT and internal operations teams. Along with the product debut, Siit announced it has raised $5M in a Seed round led by StageOne Ventures and Seventure Partners. This funding will accelerate product development, expand market presence, and fuel Siit’s ambitious growth plans.

The Disconnect Between Service Desks and Employee Needs

Traditional service desks have gained a reputation for being rigid, complex, and disconnected from other tools. This disconnect is evident in the common frustration employees experience when seeking help, only to be met with the dreaded response, “Did you create a ticket?”

According to Forrester, while 66% of employees contact the service desk at least twice a year, a third avoid it altogether due to various frustrations. Even more concerning, only 47% of employees feel that service desks adequately support their remote work experience.

Introducing Siit: AI for Modern Service Desks

Siit is a cutting-edge internal service management platform that leverages advanced AI technology to revolutionize employee support and streamline operations. At its core, Siit utilizes large language models to automate routine tasks and assist employees efficiently. The platform seamlessly integrates with popular communication tools like Slack and Microsoft Teams, featuring an intelligent “invisible” ticketing system that simplifies request submissions and management. Siit’s robust workflow automation capabilities extend to crucial processes such as onboarding, offboarding, and internal approvals.

Siit also incorporates a sophisticated knowledge management system, employing natural language processing to provide quick, accurate responses to employee queries. With its multi-source integration capabilities, comprehensive data analytics, and customizable dashboards, Siit offers organizations deep insights into employee behavior and support trends.

Siit leverages the power of AI to transform how businesses handle everything from requests and change management to incidents and asset tracking. Unlike legacy players that struggle to adapt by tacking on expensive add-ons, Siit is purpose-built to deliver a seamless, future-ready solution. Competing directly with industry giants like Jira Service Management and Freshservice, Siit empowers organizations to streamline operations without the burden of complexity or hidden costs, delivering innovation at a fraction of the price.

“Traditional service desks have long been a source of frustration for employees, with rigid processes and disconnected tools that lead to inefficiencies and lost productivity,” said Chalom Malka, co-founder & CEO of Siit. “At Siit, we’ve reimagined the service desk from the ground up, leveraging cutting-edge AI and seamless integrations to transform what has traditionally been a pain point into a powerful driver of productivity and employee satisfaction. Our platform represents a significant shift in internal operations, empowering organizations to create intuitive, efficient support experiences that meet the demands of the modern workplace. We’re not just solving tickets – we’re revolutionizing how businesses approach employee support and paving the way for a more productive, engaged workforce.”

Investor Support & Vision

With this funding, Siit plans to enhance its platform’s AI capabilities, expanding its presence in the ITSM (IT Service Management) space. Additionally, the company will focus on strengthening its team by hiring top talent in engineering and go-to-market roles, positioning itself for accelerated growth and innovation.

“Two key factors in our investment in Siit Firstly, the startup demonstrated exceptional founder-market fit, with the team’s experience as early employees in Aircall providing them with deep expertise and experience in the SME/SMB landscape,” Aviad Ben-Laish Principal at StageOne Ventures. “This alignment between the founders’ backgrounds and the market they’re targeting instills confidence in their ability to navigate challenges and capitalize on opportunities. Secondly, Siit’s focus aligns perfectly with the growth of digital native organizations which provide support to their employees via instant messaging tools like Slack and Microsoft Teams for day-to-day operations, Siit’s solutions are well-positioned to address the evolving needs of modern workplaces.”

“Siit has cracked employee support with their intelligence to adapt processes to an issue still untouched,” said Guillaume Echaudemaison, Senior Associate at Seventure Partners “We’ve been impressed by their remarkable quality of execution and are excited to support their growth as they disrupt the market.”

Customer Traction

Siit has established itself as a top choice for enterprises of all sizes seeking scalable, user-friendly service desk solutions, with a growing client base that includes leading companies like Ramp, Qonto, Swile, and Gorgias.

Co-founders Anthony Tobelaim (CPO) and Dimitri Cabete Jorge (CTO) have leveraged their experience at Aircall to reinvent the internal ticketing industry by developing a powerful platform that serves SMBs, startups, scaleups, and is now being adopted by enterprise companies.

About Siit

Siit is a leading AI-powered Service Desk solution for IT and internal operations teams. The platform harnesses advanced AI technology to revolutionize employee support and streamline operations. For more information, please visit https://www.siit.io/

About Seventure Partners

Seventure Partners is a long-term equity investor who actively supports innovative companies aiming at generating positive impacts on People, Society, Sustainability and the Planet.

With ~€1b net commitments under management as of the end of 2023, Seventure is a leading venture capital firm in Europe investing since 1997 in innovative businesses with high growth potential in two main fields: (i) Life Sciences (biotechnology, health & digital health, nutrition, foodtech, blue economy, aquaculture, animal & agriculture, sport & wellness) with a particular focus on the microbiome, across Europe, Israel, Asia and North America, and (ii) Digital Technologies (Fintech, Retailtech, Cybersecurity, etc.) in Europe, mainly France and Germany.

Seventure’s investments can range between €500k-€10m per round, or up to €20m per company, to support the development of companies from creation (seed and first round), to development capital financing rounds (venture, growth, pre-IPO and IPO).

SOURCE Siit

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

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

SAN FRANCISCO, Nov. 7, 2024 — The Nursing Beat, the leading daily digital newsletter designed for nurses by nurses, today announced the first close of an equity funding round. This milestone investment underscores the growing recognition of nurses as crucial influencers in healthcare and validates The Nursing Beat’s innovative approach to delivering targeted, relevant information to healthcare professionals.

Led by two former ER nurses, Tamara AL-Yassin and Hannah W. Berns, The Nursing Beat has rapidly become an essential resource and the daily pulse for healthcare professionals across its email newsletter, social media community, and bespoke events. This funding round, supported by investors including Nurse Capital and Cherrystone Angel Group, will fuel The Nursing Beat’s mission to keep nurses informed, engaged, and empowered in their careers.

“This investment is a testament to the critical role nurses play in shaping the future of healthcare,” said Tamara AL-Yassin, CEO of The Nursing Beat. “We’re growing more than a media platform. We’re nurturing a community that amplifies the collective voice of nurses and drives positive change in healthcare delivery. And we are thrilled to welcome Nurse Capital into our investor community.”

Beth A. Brooks, PhD, RN, Co-Founder and General Partner of Nurse Capital, expressed enthusiasm for the investment: “The Nursing Beat exemplifies the kind of nurse-led innovation we’re passionate about supporting. By providing crucial, timely information to nurses, they’re empowering individual professionals and driving systemic improvements in healthcare. This aligns perfectly with our mission to disrupt the nursing care ecosystem positively.”

The investment also marks a continued partnership with connectRN, a platform that empowers nurses and nursing professionals to take control of their careers. Ted Jeanloz, CEO of connectRN, commented on the significance of the funding: “Our continued backing of The Nursing Beat reflects our unwavering belief in the power of informed, connected nurses. This platform is reshaping how nurses perceive their role in the healthcare ecosystem. We’re proud to support a venture that is elevating the nursing profession.”

The new funding will enable The Nursing Beat to:

• Enhance its content offerings and expand into new media formats
• Invest in advanced technology to deliver more personalized news experiences
• Expand its team of healthcare experts and content contributors
• Develop new features to foster community engagement and networking among nurses
• Explore partnerships to provide additional value-added services to its audience

For more information about The Nursing Beat and its mission to empower nurses through information, please visit https://thenursingbeat.com/

About The Nursing Beat:
The Nursing Beat is the only daily digital newsletter designed for nurses, by nurses. Led by two former ER nurses, The Nursing Beat delivers concise, relevant news and essential information to help nurses stay informed and empowered in their careers. The Nursing Beat reaches nurses and allied healthcare professionals across its flagship email newsletter, social media community, and bespoke events. The Nursing Beat is revolutionizing how healthcare professionals stay connected and informed in an ever-changing industry.

About Nurse Capital
Nurse Capital is a women-founded and managed venture capital fund based in Chicago that makes early-stage investments in nurse entrepreneurs leading high-growth-potential businesses that are transforming the future of healthcare. Learn more at https://nursecapital.net/.

SOURCE The Nursing Beat

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

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

BOSTON, Nov. 7, 2024 — Parallel Fluidics, the fastest microfluidic device manufacturer in the world, announced the close of its $7M seed round, led by J2 Ventures with participation from 8VC and Praxis. The funding will help drive the growth of the company’s on-demand design and manufacturing platform, expand its hardware and software solutions, and commercialize its new product, MV-2.

Diagnostics, drug discovery, precision medicine, sequencing, and cell therapy verticals are quickly shifting towards microfluidics, a technology where scientific tests can run at microscopic scales, allowing life science companies to achieve the next level of precision, speed, and throughput. Today, the global microfluidics market is a $32B industry currently and is expected to reach $117.13B by 2031 but is held back by design and supply chain challenges.

“Scientists and engineers developing the next breakthrough life science technology shouldn’t be forced to reinvent the wheel when it comes to microfluidic systems, especially in applications like point-of-care diagnostics,” said Jon Bronson, PhD, Managing Partner and co-founder of J2 Ventures. “With clients including academic labs, venture-backed startups and large biotech companies, Parallel Fluidics is making a huge impact with its on-demand microfluidic manufacturing services. Their products eliminate the common development risks, and accelerate the timeline from concept to launch by delivering production-ready devices in as little as three days – a true game changer for time-sensitive, cost-effective R&D.”

“While more life science products are built with microfluidics, scientific teams have historically struggled with engineering and manufacturing challenges unrelated to their novel technology, such as flow control, automation, and the chip-to-world interface, said Josh Gomes, CEO and co-founder of Parallel Fluidics. “At Parallel Fluidics, we are on a mission to help scientific teams build scalable and reliable products to identify diseases faster and develop more effective medicines. With the new funding, we’ll be able to scale up our on-demand manufacturing service, expand our hardware library, and develop new design and analytics software to power the next generation of life science tools.”

Parallel Fluidics’ hardware library offers an array of off-the-shelf hardware solutions to solve engineering challenges in microfluidics, reducing the cost and time for customers to develop new products. The MV-2 is Parallel’s latest addition, an innovative microvalve that enables products to work at the point-of-care, like a doctor’s office, clinic, or hospital, instead of only in laboratory environments. Overture Life, an exciting life science startup simplifying in-vitro fertilization procedures, is using the MV-2 to control flow in their next-generation system.

“In order to provide advanced care in fertility treatments such as IVF, precise fluid control and the ability to manage sensitive biological samples without being wasteful are critical. Solutions like Parallel Fluidics’ microfluidic systems are filling that gap with their microvalves and enabling faster, more reliable processes that can help us enhance patient outcomes and drive innovation in reproductive medicine,” said Lionel Matthys, Chief Product Officer, Overture Life.

About Parallel Fluidics
Parallel Fluidics accelerates the pace of discovery for scientific teams with the world’s first on-demand microfluidic manufacturing service. By offering production-grade devices from day one, Parallel eliminates the risks that slow down development and provides the shortest path from a concept to a successful microfluidic product. Parallel Fluidics is already making a transformative impact across life sciences verticals such as diagnostics, drug discovery, precision medicine, sequencing, and cell therapy – empowering innovators to accelerate breakthroughs and improve patient outcomes. For more information about Parallel Fluidics, visit www.parallelfluidics.com.

About J2 Ventures
J2 Ventures is a $250M+ AUM deep-tech venture capital firm based in Boston, investing in sectors critical to national security and private sector advancements, including advanced computing, cybersecurity, telecom and infrastructure, and biomedical engineering. For more information about J2 Ventures and its initiatives, please visit https://www.j2vp.com/.

Media Contact:
Liang Zhao
Vansary for Parallel Fluidics
[email protected]
505-720-6933

SOURCE Parallel Fluidics

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

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

 Adds Dr. Erez Agmoni, Former Maersk Head of Innovation, as General Partner

NEW YORK, Nov. 7, 2024 — Interwoven Ventures (Interwoven), an early-stage venture capital firm investing in groundbreaking technologies across robotics and artificial intelligence (AI) to transform industries including manufacturing, logistics, transportation, and healthcare, proudly announces the appointment of Dr. Erez Agmoni as co-founder and General Partner. A globally recognized leader in technological innovation, Agmoni brings a wealth of expertise in AI, robotics, and digital transformation, and will help propel Interwoven’s mission of empowering early-stage companies to innovate and excel.

Interwoven Ventures, spun-out from ROBO Global, continues the legacy established by partners Lisa Chai, Clay Shepherd, Dr. Henrik Christensen and Richard Lightbound. With the addition of Agmoni, Interwoven further strengthens its ability to leverage investment acumen and technical expertise to identify and support companies developing advanced technologies to drive innovation and transform traditional industries. Technology startups mentored by Interwoven are harnessing the power of AI and robotics to achieve new levels of sustainable growth and efficiency across sectors like food and agriculture, healthcare, construction and industrial manufacturing.

Dr. Agmoni’s career spans more than 25 years of operational leadership, distinguished by roles that have championed data-driven solutions, advanced AI applications, and the strategic integration of robotics to optimize complex networks. At Maersk, he was instrumental in spearheading digital and automation innovations, enhancing transparency, and improving efficiency across the global supply chain ecosystem. His work established benchmarks in leveraging technology to drive operational agility and sustainability.

“Erez is a visionary leader with the rare combination of deep technological knowledge, practical operational expertise, and a collaborative spirit,” said Lisa Chai, co-founder and General Partner of Interwoven Ventures. “At ROBO Global, we saw firsthand the transformative potential of AI and robotics. With Erez joining us, Interwoven is uniquely positioned to guide disruptive startups in navigating challenges and scaling solutions that can reshape industries.”

“I am thrilled to join Interwoven Ventures and contribute to its pioneering work in fostering innovation at the intersection of AI and robotics,” said Agmoni. “Throughout my career, I’ve been driven by a passion for developing smarter, more sustainable solutions to industry challenges. I am eager to collaborate with founders and entrepreneurs who are redefining the future of business with groundbreaking technologies.”

About Interwoven Ventures

Interwoven Ventures is an early-stage venture capital firm specializing in robotics and AI, with a focus on transformative opportunities in industries like manufacturing, logistics, transportation, and healthcare. Since its inception in 2022 as an incubated venture of ROBO Global, the firm has been committed to leveraging decades of industry and operational expertise to empower visionary entrepreneurs and build a foundation for long-term success and innovation. For more information, please visit interwoven.vc.

SOURCE Interwoven Ventures

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

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

NATIONAL HARBOR, Md., Nov. 7, 2024 — Knexus, a leading provider of artificial intelligence (AI) solutions, announced today that it has closed an equity investment from Scare the Bear Capital, an investment firm focused on driving growth within the small business community. 

Over the past year, Knexus has made strides in leveraging its past performance and expertise in AI solutions to help government entities incorporate AI methods and capabilities into their workflow.  Knexus’ partnership with Google has enabled the company to rapidly develop AI solutions, demonstrating to government customers how the combination of Knexus’ expertise with Google’s commercial grade technology shows how government entities can extract value from AI.

“In 2023, we rolled out our Knexus 2.0 strategy, building on the foundation of the company’s 17 year history, and wrapping our AI expertise around the Google AI Tech Stack,” said Knexus CEO Adam Lurie.  “Our approach has not just yielded results, but drove demand at a pace where we knew we needed a partner.  Scare the Bear Capital is perfect.  Our collective vision for the company aligns and we are excited to move forward with them by our side.”

Scare The Bear Capital targets GovCon companies with the potential to grow, improve their operations, and ultimately compete and win larger, more significant contract opportunities. Knexus’ recent contract win at the DLA is a demonstration of the company’s ability to deliver on its strategy.

“Knexus has demonstrated exceptional execution and a deep understanding of the market, “said Matthew Dean, Scare the Bear Managing Partner.  “We are proud to be part of their journey and look forward to helping them scale the company.”

This strategic investment positions Knexus to further capitalize on the growing demand for AI solutions within the government sector. By combining Scare the Bear Capital’s resources and expertise with Knexus’ technical capabilities and track record of innovation, the company is poised for significant expansion in delivering cutting-edge AI solutions to solve the government’s toughest challenges.

About Knexus

For nearly two decades, Knexus has worked with dozens of agencies across the US Government as a trusted partner to deliver tailored AI solutions to mission-critical problems. With four patents and 100+ peer reviewed scientific papers, the scientists and engineers of Knexus are routinely smashing through the barriers between human and machine intelligence.  As a Google Cloud partner, Knexus offers its customers expertise in working with Google Cloud’s AI products, such as the Vertex AI platform and Gemini models to deliver AI solutions to the public sector.  

About Scare the Bear Capital

Scare the Bear Capital (STB) is a private investment firm focusing on small to mid-tier businesses. Scare the Bear provides capital combined with focused advisory support to partner with small businesses, helping them show the strength and maturity of mid to large size companies. Value is created through focusing on 12 value drivers.  Businesses can then command the level of valuation typically reserved for their larger counterparts.

SOURCE Knexus

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

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

VIGO, Spain and LONDON, Nov. 7, 2024 — Marosa 2024 S.L. (“Marosa”), a leading provider of VAT compliance and e-invoicing technology solutions, today announced it has secured a €12 million investment from Aquiline, a private investment firm specializing in financial services and technology. This funding represents Marosa’s first external capital raise and will help accelerate its growth strategy, expand compliance software and e-invoicing offerings, and support its global expansion.

Founded in 2016 by Pedro Pestana da Silva, Marosa is a tech-enabled provider of mission-critical VAT compliance technology and services, catering to large multinational business customers with VAT filing obligations across Europe. With over 1,200 enterprise and eCommerce customers, Marosa’s flagship software, VATify, offers a cloud-based, end-to-end solution that centralizes e-invoicing, VAT registration, and reporting. The company also provides real-time reporting of e-invoices in response to regulatory requirements in various EU countries.

The investment from Aquiline will enable Marosa to further accelerate product development, go-to-market approach, and international expansion, while capitalizing on significant regulatory and market momentum across Europe. Recent regulatory shifts, such as the adoption of mandatory e-invoicing and real-time reporting across Europe, have underscored the importance of digital VAT compliance solutions. Marosa is at the heart of these requirements, as it helps large multinational enterprises seeking to get ahead of regulatory changes by digitizing e-invoicing and VAT processes.

Pedro Pestana da Silva, Founder and CEO of Marosa, commented:

“I am delighted to welcome Aquiline as our first external investor. Over time, we have built a trusted relationship with their team, and they truly understand our vision, technology, and the needs of our clients. With this investment, we are well prepared to accelerate our R&D, enhance our product offerings, and expand our reach in a complex and evolving market.”

Giovanni Nani, Principal at Aquiline, added:

“Since our first meeting in 2020 we have admired the software and services that Pedro and the Marosa team have been developing for their growing customer base in an increasingly complex regulatory environment. Aquiline has a strong track record of backing bootstrapped financial services and technology entrepreneurs. We are excited to partner with Marosa on its next phase of growth and support the team on its journey of becoming a pan-European VAT compliance and e-invoicing leader.”

Notes to Editors

About Marosa

Marosa is a leading provider of fully integrated VAT compliance and e-invoicing technology solutions, serving enterprise and eCommerce clients across Europe. Headquartered in Vigo, Spain, Marosa’s flagship software, VATify, centralizes e-invoicing, VAT registration, and reporting, and automates communication with tax authorities, helping businesses stay ahead of regulatory changes and streamline their VAT compliance processes.

For more information, visit www.marosavat.com.

About Aquiline

Aquiline Capital Partners LP (“Aquiline”) is a private investment firm based in New York, London, and Philadelphia, that is dedicated to financial services and technology. As of September 30, 2024, Aquiline has approximately $11.3 billion of assets under management and has deployed approximately $7.0 billion of capital across the firm’s three strategies in private equity, venture, and credit.

For more information about Aquiline, its investment professionals, and its portfolio companies, visit www.aquiline.com.

Logo – https://mma.prnewswire.com/media/2550642/Aquiline_logo.jpg

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

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In