Agency Donates $10,000 to Support Free Speech and Ethical Journalism

NASHVILLE, Tenn., Oct. 28, 2024 — Tiny Mighty Communications, a fast-growing corporate and marketing communications firm, is celebrating five years of year-over-year growth, marking a significant milestone in its journey of serving major industrial and manufacturing brands. Since its founding in 2019, the firm has grown from a small startup to a top agency operating in middle Tennessee, known for its expertise in automotive and transportation, building and construction, and advanced manufacturing and materials.

“We founded Tiny Mighty to help industrial businesses navigate the unique communications challenges of being engineered, specified, regulated and distributed. Five years in, we’re grateful to our clients for trusting us and to our team for building their careers here,” said Paul Oakley, founder and chief executive officer (CEO) of Tiny Mighty Communications. “Nashville’s entrepreneurial energy and dynamic agency scene has fueled our growth. As the city continues to gain global recognition, we’re poised to make an even greater impact with mid-sized and large companies.”

Industry Leadership, Recognition and Awards
Tiny Mighty Communications has made significant strides in critical industries, with strong Fortune 500 client partnerships. Its growth has landed the agency on the Nashville Business Journal’s list of top PR firms for three years consecutively, rising to number six in 2024 based on 2023 results of more than $2 million in top line revenue.

During that time, Tiny Mighty has expanded to 12 professionals and several strategic contract-based collaborators, allowing the firm to address evolving market segments and further embed itself in key client verticals.

The firm’s innovative work across industries and nonprofits has earned nearly 20 Parthenon Awards and recognitions from the Nashville chapter of the Public Relations Society of America (PRSA). Also recently, Tiny Mighty Communications was honored as a double finalist at the Nashville Entrepreneur Center’s NEXT Awards—nominated for Start-up of the Year in the Products and Services category, with Founder Paul Oakley receiving an additional nomination for the prestigious Entrepreneur of the Year award. These accolades recognize both Oakley’s leadership and the firm’s rapid growth.

Aggressive Growth and Future Vision
Tiny Mighty Communications has aggressive ambitions, with a clear vision to become the go-to agency for industrial clients. The firm is exploring plans to expand with brick-and-mortar offices not only in Nashville but also in key regions like the Gulf Coast and Great Lakes. As the agency continues to push boundaries in industrial communications, it remains focused on competing for global clients while also supporting mid-sized companies seeking to differentiate themselves in their markets.

“Continued success requires that we stay deeply curious about our clients’ businesses and the complex value chains they operate in,” said Oakley. “We aim to exceed their expectations while building a team of PR and marketing experts who want to redefine B2B integrated communications.”

To that end, the firm will focus on strengthening its team of seasoned subject matter experts through both organic growth and strategic acquisitions. This includes adding top digital talent and leading content creators, while expanding its capabilities in key growth areas such as corporate and sustainability communications.

Purpose-Driven Giving: Supporting Free Speech and Journalism
To commemorate its fifth anniversary, Tiny Mighty Communications is donating $10,000 to non-profit organizations that protect free speech, support the journalism profession and ensure that diverse and underrepresented voices continue to be heard. Locally, donations are being directed to Nashville Banner, Nashville Public Television, Nashville Scene, Nashville Public Radio, and Tennessee Tribune. Nationally, Tiny Mighty is investing in the Poynter Institute and Reporters Committee for Freedom of the Press.

To learn more about Tiny Mighty Communications, the agency’s work and team, click here.

About Tiny Mighty Communications
Tiny Mighty Communications is a corporate and marketing communications agency that helps industrial and manufacturing brands grow by engaging those who matter most. Specializing in sectors like automotive, building products, construction and advanced materials, the firm focuses on businesses that are engineered, regulated, specified and distributed. Headquartered in Nashville, Tiny Mighty Communications delivers data-driven strategies in corporate reputation, employee engagement, media relations, digital marketing, sustainability, crisis management and more. Trusted by brands big and small, the agency is committed to challenging the status quo, taking calculated risks and setting new standards for success. More information is online at www.tinymightyco.com.

Media Contact: Kamryn Heath / [email protected] / (704) 804-0076

SOURCE Tiny Mighty Communications

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LONDON, Oct. 28, 2024 — Libraro, a community-driven platform connecting writers, readers, and publishers, is thrilled to announce the completion of the first stage in its seed funding round, led by Ayre Ventures. The investment will accelerate Libraro’s mission to empower authors and readers, creating a space where great stories find their way to engaged audiences. Libraro’s seed round remains open for select additional investors to participate.

Arsim Shillova, Co-Founder and CEO of Libraro, said: “This funding gives us the momentum to expand our platform and create a thriving environment where emerging authors are discovered, and readers engage with original, meaningful stories. We’re excited to offer a space that complements traditional publishing, unlocking new opportunities for the entire literary community.”

Libraro’s platform harnesses scalable blockchain technology to protect authorship, prevent copyright infringement, and enhance transparency in ownership and distribution rights. With its Web3 loyalty program, Libraro creates deeper engagement, building trust among readers, authors, and publishers alike.

Ayre Ventures founder Calvin Ayre said: “Mankind’s history is the history of the written word, without which progress would have been infinitely slower. Ayre Ventures is thrilled to support Libraro and its goal of connecting authors, readers and publishers via a secure and stable enterprise blockchain-enabled platform.”

About Libraro

At Libraro, every good story deserves a platform. We’re a community-driven platform where writers, readers, and publishers come together to discover, share, and celebrate great stories. Our mission is to give every voice the opportunity to be heard and ensure that meaningful stories reach the readers who’ll appreciate them.

www.libraro.io

About Ayre Ventures

Ayre Ventures, founded by renowned venture capitalist and philanthropist Calvin Ayre, provides funding to scalable, high-growth businesses that use frontier technologies like AI, IPv6 and Enterprise Blockchain—including BSV, the world’s only unboundedly scaling public proof-of-work enterprise blockchain. The Group targets investment in innovative ideas and ambitious projects that are “positively disruptive,” supporting their expansion with the Group’s extensive network and industry partners.

https://ayre.group/investments

SOURCE Ayre Ventures

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XP Health also adds former Oracle executive and Bessemer Venture Partners leader Jeff Epstein to its board of directors

SAN CARLOS, Calif., Oct. 28, 2024 — XP Health, a company dedicated to modernizing vision care with a digital-first vision, announced two key partnerships with leading platforms that access many employers and benefits plans: Employee Navigator, one of the nation’s leading benefits administration platforms, and Bennie, an employee benefits platform that provides an easy way to access and understand benefits.

These exciting new partnerships will expand XP Health’s reach to more potential members and make the vision care experience even more seamless for both employees and human resources managers.

The partnership with Employee Navigator will allow XP Health to offer six different vision programs with rates ready to go for customers – with no individual quoting required. XP Health’s pre-packaged vision programs will be available in Employee Navigator’s Marketplace, both at an employer-sponsored and employee voluntary level, eliminating the complexity and wait times for quoting and empowering brokers to provide top-tier vision care immediately and seamlessly without the usual back-and-forth. 

“We are super excited that XP Health is integrated on Employee Navigator!” exclaimed Matt Mink, managing principal, OneDigital a power user of Employee Navigator. “This will enable us to seamlessly bring XP Health to all of our clients who are looking for better vision care.”

Like Employee Navigator, Bennie’s platform brings XP Health access to additional members and additional seamlessness to the process. Bennie customers will be able to access XP Health via Bennie’s Employer Marketplace, where administrators can browse and select benefit options to add to their organization’s offerings.

Founded in 2019, Bennie’s all-in-one platform brings competitive plans to their members for an easy, convenient benefits experience. The Bennie Marketplace offers members discounted rates on a wide range of insurances, family planning tools, and health and wellness solutions. The Bennie App makes it easy for employees to fully benefit from their benefits and access plan information, find in-network doctors, and chat with a healthcare concierge about questions regarding claims, coverage, and more.

“Like XP Health, we are here because the benefits industry needs to change,” said Ronelle Lichman, director of partnerships, Bennie. “At Bennie, we understand that companies are eager to find simple, modern, and useful solutions for vision care that seamlessly integrate into one platform for all of their benefits and HR needs.”

“Both Employee Navigator and Bennie offer leading platforms that will mesh with our offerings. The vision programs will be branded as XP Health, with Employee Navigator as the conduit to brokers and their clients,” added Ryan VanOverbeke, chief commercial officer, XP Health. “Our pre-packaged vision programs are available instantly in Bennie’s Employer Marketplace and live in the coming months in Employee Navigator’s Marketplace, eliminating the complexity and wait times for quoting, empowering brokers to provide top-tier care offerings immediately and seamlessly without the usual back-and-forth.

These impactful partnerships come on the heels of XP Health’s new $33.2 million Series B infusion round of funding led by global fintech VC firm QED Investors with other prominent investors including Canvas Ventures, Semper Virens, American Family Ventures, HC9 Ventures, Valor Capital Group, and Manchester Story. The company offers vision care programs that help reduce employee expenses, while providing refreshingly pleasant consumer experiences. Its vision programs cover more than 250,000 people and have seen rapid growth in the last two years since launching its platform, expanding from 30 to over 3000 business customers, including DocuSign, Navistar, Chegg, Sequoia Consulting, and strategic partners like The Guardian Life Insurance Company of America.

Continuing on its growth trajectory, XP Health has also welcomed to its board of directors noted Silicon Valley executive and investor Jeff Epstein, former executive vice president and CFO of Oracle, and operating partner at Bessemer Venture Partners. Jeff is a board member of several companies including Okta ($12 billion market cap), Twilio ($11 billion market cap) and the non-profit Kaiser Permanente ($100 billion revenue).

“Healthcare is a challenging and exciting sector, and XP Health’s vision care programs are changing the way vision care is offered with new depth of choice for patients and new opportunities for employers to look out for their employees,” said Jeff Epstein, operating partner at Bessemer Venture Partners and XP Health board member. “I look forward to bringing my experience with technology and healthcare to support XP Health’s continued rapid growth and success.”

About XP Health
XP Health democratizes access to high-quality, delightful experiences in vision care that doubles coverage and reduces costs. It is a digital-first vision platform focused on eye exams and eyewear that uses customer-centric design and technology to create a better member experience and improve access. XP Health was founded to combat the often confusing, expensive, and frustrating experiences common with vision care. XP Health was named to Fast Company’s 2021 list of “The World’s Most Innovative Companies,” and over the past couple of years has expanded from 30 to 3000+ customers, including DocuSign, Navistar, Chegg, Sequoia Consulting, and strategic partner Guardian Life Insurance. To learn more visit xphealth.co.

About Employee Navigator
Employee Navigator is a rapidly growing benefits and HR software company integrated with over 400+ of the nation’s leading insurance carriers, payroll companies, and TPA’s. Its platform delivers brokers and employers a connected digital experience, streamlining the management of everything from online enrollment and onboarding to ACA reporting, time off tracking, and more. The company currently works with more than 5,000 brokers, providing benefits administration and HR products to over 175,000 companies and 14+ million employees and dependents. For more information, visit www.employeenavigator.com

About Bennie
Bennie provides a modern, cost-effective approach to employee benefits with a user-friendly app and world-class brokerage services. The Bennie App is a go-to resource for employees to easily find and understand benefits information. From viewing ID cards to finding in-network providers to connecting with Ask Bennie (a dedicated healthcare concierge service within the app), employees have the benefits information and tools they need. To learn more, visit Bennie.com or contact us today.

Media Contacts
Ivy Cohen
Ivy Cohen Corporate Communications
(212) 399-0026
[email protected] 

Chris Flores
Bennie Media
(866) 319-7358
[email protected]

Employee Navigator
(301) 583-5180
[email protected]

SOURCE XP Health

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Investment will accelerate expansion of new features that are essential to the value-added
services and benefits that Wildfire’s clients extend to their customers

SAN DIEGO , Oct. 28, 2024 — Wildfire Systems Inc., an innovative financial technology platform that powers loyalty and reward programs, shopping companions, and content monetization, today announced that it has secured $16 million in Series B funding. The round is co-led by Intuit Ventures and  Mucker Capital. In addition, new investors Cohen Circle, Samsung Next, Evolution VC, and Gaingels, plus existing investors TTV Capital, QED Investors, B Capital, DLA Piper, Moonshots Capital, and Citi Ventures participated in the round.

Wildfire will leverage the new capital for continued innovation and deployment of its platform that enables financial services organizations and technology companies including RBC, Visa, Citi, Acorns, and Microsoft, to provide rewarding online shopping experiences to consumers worldwide. Many of Wildfire’s clients are looking for solutions to a similar set of challenges, including building new revenue streams, retaining customers, and staying top-of-mind and top-of-wallet; Wildfire helps clients achieve these goals with loyalty as a profit center. The Series B brings Wildfire’s total funding raised to date to $36 million.

“Wildfire has achieved significant growth in recent years, continually expanding both our product offerings and geographic reach. Our mission is to provide consumers with personalized, meaningful benefits throughout their entire online shopping journey, while empowering our partners to deliver distinctive, value-added services to their users,” said Jordan Glazier, Wildfire’s founder and CEO. “We’re thrilled to welcome Intuit Ventures and other new investors on board, and I’m deeply appreciative of the enthusiastic support from our existing investors.”

As part of providing white label loyalty solutions for clients, Wildfire’s platform also creates an efficient channel for advertisers to achieve high return on ad spend. Wildfire works with leading performance marketing platforms such as CJ, Impact.com, and Rakuten Advertising to drive incremental sales for more than 50,000 merchant programs in 50 countries. This enables advertisers to reach engaged audiences who are actively shopping, with the added impact of benefits offered through their trusted brands and financial institutions.

“Consumers are facing high prices and inflation while businesses struggle to capture consumer attention in an increasingly crowded online landscape,” said Selina Troesch, Principal, Intuit Ventures. “Wildfire is an ideal fit for Intuit’s goal of helping consumers and businesses overcome their most important financial challenges, including saving money and driving loyalty. Wildfire and its partners offer benefits that are relevant to our approximately 100 million consumer and business customers.”

“Wildfire has done an outstanding job executing and evolving its business since we first invested in 2017. Their white label platform has extended to an impressive product mix and has become an essential part of the consumer value proposition of several of the world’s leading companies,” said William Hsu, Co-founder & Partner, Mucker Capital.

For more information on Wildfire Systems and the company’s rewards platform please visit: https://www.wildfire-corp.com. 

About Wildfire Systems, Inc.

Founded in 2017, San Diego-based Wildfire’s enterprise platform powers white-label shopping rewards and loyalty programs for financial services organizations and technology companies, allowing them to deploy revenue-generating, value-added services for their customers. The platform provides a shopping companion designed to reward consumers with cashback, coupons, and other benefits at every stage of their shopping journey. Wildfire drives incremental sales for over 50,000 merchant programs in more than 50 countries. Wildfire’s AI platform, RevenueEngine, helps content creators monetize product and brand mentions within generated content. Wildfire has been recognized in 2023 & 2024 within the top 100 fastest growing companies in the Inc. 5000, most recently celebrating 3,783% three-year growth. For more information, visit wildfire-corp.com.

SOURCE Wildfire Systems

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PayToMe.co Simplifies Global Payments, Cross-Border Transactions, and Drives Financial Inclusion

PALO ALTO, Calif., Oct. 28, 2024 — PayToMe.co, an AI-driven fintech platform simplifying global payments and cross-border transactions for SMBs, proudly announces the successful completion of its Seed Round, with investments from Startupbootcamp and ACH Australia Investments Pty Ltd. This milestone accelerates PayToMe’s mission to build the first-ever fintech marketplace, empowering SMBs to access a comprehensive suite of financial services in one platform—similar to Amazon’s transformation of e-commerce. PayToMe is also deeply committed to promoting financial inclusion, ensuring that even underserved businesses can access critical financial tools.

Completion of Seed Round

Since 2010, Startupbootcamp has operated over 150 accelerators in more than 20 countries, helping over 1,600 startups reach their full potential. On average, startups in the program experience a 2.5x increase in valuation and raise approximately €1.5 million within six to twelve months of completing the accelerator.

“PayToMe.co is honored to receive seed investment and join the Startupbootcamp Cohort, an honor reserved for the top 1% startups globally,” said Mike Ulker, CEO and Founder of PayToMe.co. “With the support of Startupbootcamp, the world’s top accelerator, we are significantly accelerating our growth.”

Value Proposition

Globally, over 400 million SMBs lose $48 billion annually due to fraud, invoicing errors, payment delays, representing a $150 billion opportunity in the fintech market.

PayToMe.co solves these inefficiencies with an AI-powered platform for global payments, customizable invoicing, and cross-border transactions. Through leading partners like Plaid, Stripe, and US Bank, we connect 12,000 financial institutions and 7,000 applications globally, creating an inclusive, scalable, and efficient financial ecosystem. Backed by strategic partners and shareholders including Startupbootcamp, ACH Australia Investments Pty Ltd., and AppTech Payments Corp. (Nasdaq: APCX), PayToMe.co is well positioned to revolutionize fintech on a global scale, offering a compelling opportunity for investors committed to global financial inclusion.

Preparing for Series A Funding

Following the successful seed round, PayToMe.co is now preparing for its Series A funding. The proceeds from the funding will be used to scale its platform, expand its go-to-market strategy, and drive cross-border user acquisition. With a proven track record, global partnerships, and cutting-edge technology, PayToMe.co is ready to accelerate its growth and make a lasting impact on the financial services sector.

About PayToMe.co:

Based in Silicon Valley, PayToMe.co is a fintech marketplace specializing in AI-driven payment solutions, cross-border financial transactions, and customizable digital invoicing for over 100 countries. With connections to 12,000 financial institutions and 7,000 applications through technology and strategic partnerships, including Stripe, Plaid, US Bank, Startupbootcamp, and AppTech Payments Corp. (Nasdaq: APCX), PayToMe.co is at the forefront of innovation in the financial services industry. Its suite of services, including Payment-as-a-Service (PaaS), Banking-as-a-Service (BaaS), and Software-as-a-Service (SaaS), empowers businesses to optimize financial processes, enhance cash flow, reduce fraud while contributing to a sustainable and socially responsible financial ecosystem. PayToMe has been honored with eight American and International business awards for Technology Excellence and Social Impact. For more information, visit www.paytome.co.

Media Contact:
Mike Ulker
(650) 963 4969

Email: [email protected]

SOURCE PayToMe.co

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Backed by IBF, Merz, and Laborie, Vensica to Advance Needle-Free Delivery of Botulinum Toxin A (Xeomin^®) for Minimally Invasive Treatment

BROOKLYN, N.Y., Oct. 28, 2024 — Vensica Medical (“Vensica”), a pioneering urology therapeutics company, today announced the successful closing of an $11 million funding round. The investment will fund the company’s upcoming Phase 2 clinical trials across the United States and Europe for its revolutionary treatment of overactive bladder (OAB) using botulinum toxin A (Xeomin^®) delivered through a proprietary, needle-free device.

The investment round was led by Israel Biotech Fund (IBF), alongside key strategic partners, Merz, a global player in neurotoxins, and Laborie, a prominent urology medical device company. This funding will enable Vensica to continue its mission of providing a minimally invasive, simple, and effective solution for people with overactive bladder (“OAB”).

Vensica’s unique technology leverages a needle-free drug delivery system, that administers Xeomin^® directly to the bladder wall. This approach is expected to offer patients a less invasive, more comfortable treatment option compared to traditional injections, potentially transforming the standard of care for OAB. Vensica’s needle-free drug delivery system aims to be a urology treatment platform for the treatment of additional bladder indications.

“We are thrilled to have the support of leading investors and partners who share our vision of transforming overactive bladder treatment,” remarked Avner Geva, CEO of Vensica. “This funding will allow us to push forward with Phase 2 trials and move one step closer to bringing this innovative therapy to the patients who need it.”

As part of its strategic partnership with Merz, Vensica has secured exclusive rights to Xeomin^® in needle-less therapeutic application in several urologic indications and will benefit from Merz’s clinical development support. This collaboration marks a significant step forward in the company’s goal of delivering next-generation urology treatments.

For more information on Vensica and its upcoming clinical trials, visit https://vensica.com/.

About Vensica Medical

Vensica Medical is a biotechnology company focused on developing novel therapies for urological conditions. The company’s leading product is a needle-free delivery system for Xeomin^® (botulinum toxin A) aimed at treating overactive bladder in a minimally invasive manner. Vensica was established in the incubator program of The Trendlines Group (SGX: 42T) (OTCQX: TRNLY), and The Israel Innovation Authority.

Contact: 
Avner Geva, Chief Executive Officer
[email protected]

Photo: https://mma.prnewswire.com/media/2541677/CTO_Co_Founder_Vensica_Medical.jpg

SOURCE Vensica Medical

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New Funding Highlights Abstract’s Leadership in Building the Security Operations Platform of the Future

PALO ALTO, Calif., Oct. 28, 2024 — Abstract Security, a pioneer in security data fabric and analytics, announced today that it has closed an oversubscribed Series A funding round, raising $15 million. The round was led by Munich Re Ventures with super pro rata participation from existing investors Crosslink Capital and Rally Ventures.

Abstract Security is redefining enterprise security operations by enhancing cloud visibility, optimizing data streams, reducing costs, and future-proofing SIEM strategies. By eliminating complexity, improving data routing, and delivering advanced data management, Abstract enables organizations to achieve faster, more effective threat detection and response through its comprehensive data fabric, analytics, and data lake offerings. This latest round of funding will accelerate Abstract’s mission to revolutionize the security analytics and data fabric markets, empowering customers to take control of their security data and gain unparalleled visibility across their environments.

Abstract customers can seamlessly integrate their own security data with threat intel and other data sources through the Abstract Intelligence Gallery market place, which features over 100 integrations with industry-leading vendors such as CrowdStrike, Cybersixgill, Cyware, Flashpoint, Google Mandiant, SecLytics, and Silent Push. This comprehensive ecosystem enables customers to blend their unique security data with valuable threat intelligence and insights, significantly enhancing their overall security posture and enabling more informed decision-making.

“Munich Re Ventures is proud to lead this Series A and support Abstract Security’s journey to reshape security operations,” said Blake Pennington, Principal at Munich Re Ventures. “Abstract’s innovative platform is not just keeping pace with the evolving security landscape; it is setting a high standard in security data fabric and analytics, driving SIEM capabilities far beyond what traditional solutions offer. Colby and his team have built an exceptional organization, equipped with the industry expertise necessary to serve customers with a solution that’s unmatched in the market.”

Today, the majority of security data collected is not actionable or relevant for security teams, and with cyber adversaries averaging just 62 minutes to breach an organization, speed and accuracy in threat detection and response are critical. Abstract’s platform delivers analytics that quickly correlates data and delivers actionable insights at the business level, ensuring security teams can focus on what matters most.

“We are doubling down on our investment with Abstract Security with our Series A commitment,” said Matt Bigge, partner at Crosslink Capital. “As an investor since inception, we saw the focus on execution over the past two years, and the team has proven that execution is a strength so we’re excited to continue supporting the team moving forward.”

“Since Abstract’s inception, we have been laser-focused on linking security analytics to real business value,” said Colby DeRodeff, CEO and co-founder of Abstract Security. “Our rapid customer growth is a testament to our ability to help organizations reimagine their security operations, integrating complex legacy tools and modern solutions to drive real outcomes. This new round of funding will help us continue to execute on that vision.”

The Series A funding follows closely on the heels of Abstract Security’s successful seed round of $8.5 million, announced in March of this year. With this new infusion of capital, Abstract is poised to continue its growth trajectory and expand its impact on the cybersecurity industry.

About Abstract Security

Abstract Security, founded in 2023, has built a revolutionary platform equipped with an AI-powered assistant to better centralize the management of security analytics. Crafted by category creators and industry veterans known for redefining the cybersecurity landscape, Abstract transcends next-gen SIEM solutions by correlating data in real time between data streams. As a result, compliance and security data can be leveraged separately to increase detection effectiveness and lower costs – an approach that does not currently exist in the market.

The leadership team of Colby DeRodeff, Ryan Clough, Aaron Shelmire, Chris Camacho, and Stefan Zier bring a unique set of experiences and backgrounds in product development and company-building expertise, at companies such as ArcSight (acq. by HP), Mandiant (acq. by Google), Palo Alto Networks and Sumo Logic. For more information about the company, please visit https://www.abstract.security/ and follow the journey on LinkedIn and @Get_Abstracted.

Contact
Rich Mullikin
925-354-7444
[email protected]

SOURCE Abstract Security Inc

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PARIS, Oct. 28, 2024 — European cybertech Filigran today announces the completion of its $35M Series B fundraise, led by global software investor Insight Partners, with continued support from existing investors Accel and Moonfire. This new round of funding comes just months after the company’s $16M Series A, underscoring Filigran’s impressive growth and commitment to expanding its global footprint and accelerating product innovation. This funding will fuel the company’s global expansion, particularly in the United States and the Pacific region, while supporting continued product innovation, focusing on AI and data engineering use cases.

Founded by Samuel Hassine and Julien Richard in 2022, Filigran is revolutionizing proactive cyber threat anticipation with its open-source platforms OpenCTI and OpenBAS, tied into a unified eXtended Threat Management (XTM) suite. The XTM suite helps organizations understand threat environments, anticipate and detect incidents, decrease incident response time, stress-test critical infrastructure, and design viable long-term cybersecurity strategies.

Filigran’s threat intelligence solutions serve a growing portfolio of international companies, including Airbus, Marriott, Thales, Hermès, Rivian, and Bouygues Telecom. The company also counts public sector bodies such as the European Commission, the FBI, the New York City Cyber Command, multiple US and Australian federal agencies, the Netherlands National Police Corps, and a number of European ministries as users.

Global expansion and product innovation

The Series B round marks another major milestone in Filigran’s growth. “Securing this Series B investment is a testament to the tremendous progress Filigran has made in a short time,” said Filigran CEO Samuel Hassine. “Our mission is to make threat intelligence accessible and actionable for all organizations. With this new funding, we’re poised to continue that mission on an even larger scale, driving innovation and expanding our reach across key global markets.”

“In a short amount of time, Filigran has managed to change the way security teams think about threat intelligence. Their open-source XTM suite, powered by OpenCTI and OpenBAS, enables users to proactively defend themselves against potential attackers,” said Crissy Costa Behrens, Principal at Insight Partners. “The company’s impressive growth and commitment to accessibility are driving the industry forward. This investment will fuel their global expansion and product innovation, and we are thrilled to be a part of their journey.”

With a thriving community of more than 4,300 cybersecurity professionals and active contributors, Filigran’s open-source approach is redefining standards of cyber threat management.

The XTM suite integrates powerful platforms such as OpenCTI, which helps to structure and operationalize holistic threat intelligence, and OpenBAS, an adversary emulation and security validation solution that leverages real-time threat data to identify security gaps. Together, these solutions provide a unified view of potential risks, enabling organizations to strengthen their cybersecurity posture.

The Series B funding will also be directed towards the development of Filigran’s additional XTM solutions, completing threat management with streamlined threat-driven risk assessment and deception capabilities. Those developments will further enhance the XTM suite, offering a comprehensive, end-to-end approach to threat management that empowers organizations to proactively address emerging cyber threats with greater efficiency and precision.

Filigran was co-founded by Samuel Hassine (CEO) and Julien Richard (CTO). Samuel Hassine has more than 15 years’ experience in cyber threat intelligence and crisis management, and was previously Director of Security Strategy at Tanium, and head of Threat and Risk Analysis at ANSSI. Julien Richard has more than 20 years’ experience managing product and engineering teams while designing complex software in data and AI fields. He was Vice-President of Engineering at YOOI and Director of Engineering at Axway.

About Filigran

Filigran, founded in October 2022, stands out in the cybertech ecosystem for its commitment to revolutionizing end-to-end cyber threat management. Its mission is to develop proactive open source solutions, designed to empower cybersecurity teams to anticipate the next attacks and better manage their cyber threat environment and associated risks. Filigran solutions are used by over 6,000 public and private organizations worldwide.

About Insight Partners

Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2024, the firm has over $80B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.

SOURCE Filigran

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SHANGHAI, Oct. 25, 2024 — On October 25^th, 2024, Beijing Time, WeRide, a world-leading autonomous driving company and Qiming Venture Partners’ portfolio company, began trading on Nasdaq. This marks a historic milestone as both the world’s first pure-play autonomous driving company to go public and the first publicly listed Robotaxi company. WeRide (NASDAQ:WRD) offered at $15.5/ADS, representing a market cap of $4.3 billion.

Qiming Venture Partners, a leading venture firm committed to frontier technology investments, has long recognized the transformative potential of autonomous driving technology for society. As the earliest and largest financial investor in WeRide, Qiming has played a pivotal role in the company’s growth, participating in its Series Seed, A, and B funding rounds since 2017.

Established in 2017, WeRide aims to develop safe and reliable autonomous driving solutions. The company is the only tech company in the world that simultaneously holds autonomous driving permits in China, the UAE, Singapore, the US, conducting autonomous driving R&D, tests and operations in over 30 cities of 7 countries around the world. WeRide has operated a self-driving fleet for more than 1,700 days.

As the pioneer in autonomous driving technologies with applications in the passenger transportation, intra-city delivery and urban sanitation industries, WeRide offers an all-rounded product mix of Robotaxi, Robobus, Robovan, Robosweeper, and Advanced Driving solution.

With rich experience in autonomous driving R&D, commercialization and operation, WeRide has forged strong alliances with world-class vehicle manufacturers, Tier 1 suppliers, logistics and urban service providers and others, including Renault-Nissan-Mitsubishi Alliance, Yutong Group, BOSCH, GAC Group, etc. Currently, WeRide has demonstrated its leadership in the commercialization of autonomous driving technology. According to China Insights Consultancy, WeRide is the first autonomous driving company in the world to accumulate 10,000 purpose-built L4 autonomous driving vehicle intent orders, and the only autonomous driving company to achieve mass production of an ADAS solution within 18 months into development, the quickest among its peers.

WeRide has developed the highly compatible autonomous driving solution platform, WeRide One, which constitutes a full stack of industry-leading application software, a flexible set of hardware and a comprehensive infrastructure software platform. This approach seamlessly connects the entire lifecycle of autonomous driving products, from R&D through deployment to application. The platform is designed to enable scalable implementation of WeRide’s technology across a diverse range of products and scenarios.

Tony Han, Founder and CEO of WeRide, stated, “Since its inception, WeRide has been dedicated to transforming urban living with autonomous driving. We are grateful to Qiming Venture Partners for choosing to stand by us during the early stages of WeRide’s development, offering long-term support up to the milestone we celebrate today. The IPO marks a new beginning for the company’s growth. Moving forward, WeRide will continue to adhere to its path of productizing technology and commercializing products, bringing safe, comfortable, and convenient autonomous driving technologies, products, and services to users in more countries and regions.”

Duane Kuang, Founding Managing Partner of Qiming Venture Partners, stated, “As the earliest investor in WeRide, we’re proud to have witnessed the company’s transformation from a concept into an industry leader. Over the years, the WeRide team has demonstrated remarkable resilience and commitment to using their world-class autonomous driving technology to improve the world. This IPO represents a significant milestone and the beginning of a new chapter for WeRide. We are confident in WeRide’s continued innovation and its role in accelerating the development of autonomous driving applications for the benefit of humanity. Qiming remains dedicated to supporting visionary companies like WeRide in the smart mobility sector and its ecosystem.”

About Qiming Venture Partners

Qiming Venture Partners was founded in 2006. Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages.

Since our debut, we have backed over 530 fast-growing and innovative companies. Over 200 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 70 portfolio companies that have achieved unicorn or super unicorn status.

Many of our portfolio companies are today’s most influential firms in their respective sectors, including Xiaomi, Meituan, Bilibili, Zhihu, Roborock, UBTech, WeRide, Gan & Lee Pharmaceuticals, Tigermed, Zai Lab, CanSino Biologics, Schrödinger, APT Medical, New Horizon Health, Sanyou Medical, AmoyDx, Berry Genomics, SinocellTech, Yuanxin Technology, Caidya, Belief BioMed, among many others.

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