Driver’s platform generates customer-facing technical support documentation 50 percent faster, freeing up half of engineers’ workday

AUSTIN, Texas, Oct. 8, 2024 — Driver emerged from stealth mode today, unveiling its AI-powered platform that instantly decodes technology and automates the creation of interactive documentation. Driver’s platform dramatically reduces the time teams need to understand, document, and deliver technology, enabling significantly faster engineer onboarding and product time-to-market. Driver also announced $8 million in seed funding, led by GV (Google Ventures), with participation from Y Combinator and over a dozen early-stage and angel investors. This seed round will be used to fuel the significant momentum Driver has generated in just one year of operation. The company plans to expand the engineering team, aggressively build out the product roadmap, and accelerate commercialization.

Announced at Embedded World (Booth 2204), Driver’s platform generates customer-facing technical support documentation 50 percent faster, freeing up half of engineers’ workday. Automating source code documentation takes two hours with Driver, compared to the three months it typically takes engineers. Team onboarding to projects is twice as fast, and all team members can instantly understand complex technology.

“By providing a significantly faster, user-tailored understanding of complex technology, we’re empowering teams to quickly access mission-critical information, reduce errors, and accelerate product time-to-market,” said Adam Tilton, Co-founder and CEO at Driver. “Driver is the first solution to create clear, compelling explanations that make technology more accessible for customers and partners while ensuring documentation is drafted quickly and stays consistently up-to-date.”

“We invested in Driver early given our excitement about the founders and the novel use cases of generative AI they are addressing with a large untapped market opportunity,” said Luna Schmid, Partner at GV. “The founders have an incredible track record of building and bring extensive experience and hard-earned lessons from working with complex codebases. We believe Driver is a game changer for any team that needs to document complicated technology quickly and ensure it can be understood by all constituents.”

The semiconductor industry, in particular, benefits dramatically from Driver’s interactive platform. Semiconductor companies produce thousand-page manuals, guides, and source code for customers. These customers often invest millions of dollars and several months in engineer onboarding to implement their products and bring them to market. Driver streamlines this process by helping semiconductor companies quickly decode technology and automate complex documentation. This results in substantial time and cost savings, fewer support issues, and happier customers.

“UICO’s journey to creating full-touch solutions required us to overcome the challenges of navigating complex systems. As we grew, we realized we needed robust technical documentation,” said Basman Dahleh, CTO at UICO. “Driver has accelerated our understanding of these systems, allowing us to more quickly and successfully port our software to new platforms, speeding time to market and onboarding new engineers.”

Driver’s top platform features include:

• Decode Vendor Documentation: Transform lengthy, complex manuals into clear, concise explanations.
• Automated Updates: Syncs codebases to keep up-to-date documentation and to understand how a codebase is evolving in real time. Connect directly from GitHub or other source code management tools.
• Language Specialization: Works for any programming language, with specialized content for common languages and their nuances.
• Unified Search: Unified search across assets, content, and contextual information.
• Reusable templates: Create reusable templates with defined sections and instructions for how Driver should complete the document.
• Enterprise-grade security: As well as state-of-the-art encryption and advanced identity management.

About Driver
Driver is an AI-powered platform that decodes any technology instantly and automates the creation of interactive documentation. Driver’s platform dramatically reduces the time teams need to understand, document, and deliver technology, enabling significantly faster engineer onboarding and product time-to-market. Driver’s platform generates customer-facing technical support documentation 50 percent faster, freeing up half of engineers’ workdays. Automating source code documentation takes two hours with Driver, compared to the three months it typically takes engineers. Learn more at driver.ai.

Contact:
Nicole Conley
[email protected]
831-713-9076

SOURCE Driver

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This round furthers Moselle’s mission to enable small and medium-sized e-commerce brands to automate inventory operations, save costs, and accelerate growth.

TORONTO, Oct. 8, 2024 – Moselle, an AI-powered inventory planner and procurement manager for small- and mid-sized e-commerce brands, announced today that it closed a $2.1 million CAD seed round. This round was led by AQC Capital and MaRS Investment Accelerator Fund, with participation from True, Rebellion Ventures, Highline Beta, Top Knot Ventures, and Singh Capital.

Moselle will use this funding to further develop its AI-powered inventory forecasting, production planning, and purchasing suite — providing underserved SMBs with the tools needed to drive operational efficiency.

“Small- and mid-sized businesses — many of which are bootstrapped — account for the vast majority of the CPG market. Yet, almost all leading inventory management tools cater exclusively to enterprise companies,” says Lakhveer Jajj, Founder and CEO of Moselle.

According to a 2023 study by IHL Group, this ultimately costs brands $1.77 trillion in accumulative inventory distortion — a disproportionate amount impacts SMBs as these tools are ill-equipped to meet their needs.

“Smaller, fast-growing brands have been left overpaying for a complex, enterprise inventory management system (IMS) that requires expert resources or managing inventory in spreadsheets. Moselle is filling this market gap by providing SMBs with an affordable AI-powered inventory solution that they can customize to their business’s exact needs, using modular components.”

Moselle’s customizable solution, which uses proprietary machine learning, is proven to prevent overproduction and underproduction through automated inventory management. This saves SMB merchants thousands of dollars and up to 100 hours per month.

“This is a huge opportunity. We see every day the challenges fast-growing consumer brands face in managing their inventory, and getting it wrong can lead to significant cash flow issues and poor customer experience,” said Mike Martin, Director of Investment at True. “That’s why we’re excited to partner with Moselle on their mission to help all brands leverage the power of AI to solve this problem.”

Likewise, MaRS IAF’s Managing Director Emil Savov shares that his firm “strongly believes in the value proposition of Moselle’s products and the management team’s ability to execute on their vision.”

Merchants have already purchased $50M+ in inventory value using Moselle’s automation suite, which includes accurate demand forecasting, streamlined purchase order workflows, and real-time data reporting across their supply chain.

In the near future, Moselle customers can also expect:

• Advanced AI to further automate manual work for merchants
• New, automated collaboration and demand forecasting features
• Tools for optimizing cash flow and securing financing

“This fundraise is the first step toward democratizing AI-powered inventory planning and equipping brands of all sizes with the tools needed to automate and scale their operations,” Jajj concludes.

About Moselle

Moselle provides consumer brands of all sizes with a customizable platform that centralizes sales forecasting, production planning, and inventory replenishment — empowering them to automate operations, save costs, and accelerate growth. Born out of the Highline Beta Venture Studio and trusted by Fable, AeroPress, and Sahajan, Moselle saves fast-growing brands 15 hours per week on inventory management, improves forecasting accuracy by 80%, and reduces stockouts by 16% on average.

About AQC Capital

AQC Capital is one of Canada’s largest venture capital funds, founded to support businesses in the startup phase. The fund invests in all sectors that seek to bring innovation to global markets. AQC Capital usually teams up with Insightful Business Angels, and together, they bring smart capital to startups thanks to their experience and network.

About MaRS Investment Accelerator Fund

MaRS Investment Accelerator Fund (IAF) is one of Canada’s most active early-stage venture capital funds, having deployed more than $90 million in capital in over 180 companies, resulting in more than 50 exits. With a deep commitment to Ontario’s innovation ecosystem, MaRS IAF is a multi-sector fund that provides the capital, mentorship, and networks needed to build global transformative companies.

About True

True is a consumer & retail-focused investment and advisory firm that takes a holistic approach to building and connecting consumer brands and enabling technologies.

Investment strategies encompass both Venture Capital (<$5m investments) and Private Equity (up to $150m investments) with a global mandate, and it also operates a future-focused advisory platform for global corporates, including the likes of Abercrombie & Fitch, Warner Brothers, Walmart, and TJX, helping to navigate uncertainty and drive growth in a net zero world.

The early-stage VC fund invests Pre-Seed to Series A across the Consumer (b2c) and Retail (b2b) verticals, with portfolio companies including the likes of Awe Inspired, Inde Wild, Jitty, Shellworks and Unmind.

About Rebellion Ventures

Rebellion Ventures is a specialized pre-seed/seed venture capital firm in Silicon Valley partnering with entrepreneurs to build autonomous operations and AI agents. We seek to revolutionize business models with 10-100x productivity and create the era of artificial super capability (ASC). Rebellion brings an operating track record of building companies to multi-billion dollar IPO and M&A outcomes and an advisor network of over 70 unicorn founders, operators, and industry experts as limited partners.

SOURCE Moselle

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New funds will fuel growth of Maven’s end-to-end platform, with a focus on scaling its fertility & family building program, now the largest fertility benefits provider globally

NEW YORK, Oct. 8, 2024 — Maven Clinic, the world’s largest virtual clinic for women’s and family health, today announced that it has raised a $125 million Series F funding round led by StepStone Group, with participation from existing investors General Catalyst, Sequoia, Oak HC/FT, Icon Ventures, Dragoneer Investment Group, and Lux Capital. This brings Maven’s total funding to more than $425 million.

“Over the last 10 years, Maven has created and scaled a comprehensive virtual care model in one of the most underfunded sectors in healthcare,” said Kate Ryder, founder and CEO of Maven Clinic. “The next decade is about transformation. We now have the platform breadth, depth, and  data required to create the scaled change this industry so sorely needs. With each member supported, we continue to prove that to build better healthcare for everyone we must first build it for women and families.”

Maven Clinic offers the only global benefit to cover the entire reproductive life cycle on one platform, from preconception and family building to pregnancy, parenting, menopause and midlife. More than 2,000 clients in 175 countries trust Maven to support their employees, including Amazon, Microsoft, AT&T, Morgan Stanley and L’Oreal.

Maven will use the capital to further invest in Maven Managed Benefit, Maven’s fertility benefits administration platform, as well as reinforce and expand its end-to-end platform, which includes virtual care delivery across maternity, parenting and pediatrics, and menopause. Across its platform, Maven will invest in the technology powering its human-led care model, harnessing artificial intelligence to personalize and enhance care for its members. Additionally, Maven will use this capital to bolster its value-based offerings across both fully-insured and Medicaid populations.

Investing in Maven Managed Benefit, the only fertility and family building solution to integrate care and coverage in one place
Maven Managed Benefit (MMB) combines the best of a carve-out fertility benefit with virtual care and health coaching to deliver better outcomes for families and cost-savings for employers. MMB uniquely provides fertility education and Trying-to-Conceive (TTC) coaching, giving couples a pathway to conceive without IVF, while also ensuring those who need IVF receive the support and benefits they need to reach a healthy pregnancy. Maven’s performance network of 475+ fertility clinics are integrated with the virtual experience, allowing members to get real time updates on their benefits and costs on the same platform they receive fertility education and coaching. In the past year, Maven has become the largest fertility benefits provider globally by lives under management.

Increasing depth of support across Maven’s end-to-end platform

• Maternity & Newborn Care: Since 2014, Maven’s Maternity & Newborn Care program has set a new standard for prenatal and postpartum care. With more than 90% of Maven clients offering Maven’s maternity program, members are able to get support from the first trimester through returning to work. Clinical innovations include care matching based on cultural affinity, on-demand virtual doula care and doula reimbursement through Maven Wallet, and robust perinatal mental health and social determinants of health screening. Maven has achieved industry-leading platform engagement that ultimately drives better outcomes and cost savings, and has published 15 peer reviewed studies on its clinical and financial outcomes. In the past year, Maven’s Maternity & Newborn Care program has experienced more than 400% client growth. With this funding, Maven will leverage AI to further personalize care to support the diverse needs of its highest risk members across its commercial, fully-insured and Medicaid lines of business.
• Parenting & Pediatrics: Amid a parenting mental health crisis recently recognized as a public health issue by the U.S. Surgeon General, Maven is expanding its Parenting & Pediatrics product to meet the wide range of clinical and non-clinical needs parents face, from specialty pediatric care to support with complex learning and behavioral challenges. First launched in 2020 to support parents during the COVID-19 pandemic, membership in Maven’s Parenting & Pediatrics program has doubled over the last 12 months, and now has more than 3 million lives under management.
• Menopause & Midlife: With one in five people in the U.S. workforce in some phase of menopause transition, Maven’s Menopause & Midlife program provides a comprehensive approach to midlife health, encompassing not only symptom management but support for healthy aging for both women and men. Menopause & Midlife is Maven’s fastest-growing global program, with 300% year-over-year growth and more than 550 clients offering the program. With this funding, Maven will invest in deeper support for healthy aging, from chronic conditions to shifts in weight, sexual wellness, mental health and career satisfaction.

“Maven is a technology platform and a healthcare company in equal measure,” said Jason Lee, Chief Product and Operating Officer at Maven Clinic. “Over the past decade, we’ve built a human-centered care engine powered by years of data on effective ways to drive outcomes. Today, that allows us to harness artificial intelligence to deliver at greater scale. From automating administrative functions in our payments product to empowering providers and care coaches to more efficiently influence behavior change and outcomes, Maven shows up for our members wherever they are in the world or in their health journey.”

Deepening value-based maternity care
Maven will use its Series F funding to enhance its value-based partnerships in maternity care, realizing its vision to make quality, equitable healthcare more accessible to everyone.

Since 2022, Maven has tripled its Medicaid market presence, and demonstrated that it can engage Medicaid recipients early and often in their pregnancies: pregnant Medicaid members have 20+ touch points per month in the Maven platform.

Maven has consistently demonstrated the ability to deliver better pregnancy outcomes at lower cost across diverse populations. Through Maven, employers and health plans see a 2:1 clinical ROI, and the company has proven that it reduces C-section rates by 8-20% and NICU admissions by 20-28%.

“For a decade, Maven Clinic has defied preconceptions, repeatedly proving that women’s healthcare can be intuitive, technology-first, and high-quality for every customer, from patients to employers to payers and providers,” said Seyonne Kang, partner at StepStone Group. “We look forward to seeing Maven continue reimagining healthcare for families in the coming years.”

About Maven Clinic

Maven is the world’s largest virtual clinic for women and families on a mission to make healthcare work for all of us. Maven’s award-winning digital programs provide clinical, emotional, and financial support all in one platform, spanning fertility & family building, maternity & newborn care, parenting & pediatrics, and menopause & midlife. More than 2,000 employers and health plans trust Maven’s end-to-end platform to improve clinical outcomes, reduce healthcare costs, and provide equity in benefits programs. Recognized for innovation and industry leadership, Maven has been named to the Time 100 Most Influential Companies, CNBC Disruptor 50, Fast Company Most Innovative Companies, and FORTUNE Best Places to Work. Founded in 2014 by CEO Kate Ryder, Maven has raised more than $425 million in funding from top healthcare and technology investors including General Catalyst, Sequoia, Dragoneer Investment Group, Oak HC/FT, StepStone Group, Icon Ventures, and Lux Capital. To learn more about Maven, visit us at mavenclinic.com.

SOURCE Maven Clinic

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Led by Bain Capital Ventures, the new funding will help EvenUp accelerate its goal to use AI to help personal injury firms work smarter, settle cases faster, and get fairer settlements for their clients

SAN FRANCISCO, Oct. 8, 2024 — Today, EvenUp, the market leader in personal injury AI and document generation, announced it has raised a $135 million Series D round of funding and significantly expanded its AI workflow and product suite. The round was led by Bain Capital Ventures, with participation from Premji Invest, Lightspeed Venture Partners, Bessemer Venture Partners, SignalFire, and B Capital Group. This brings the company’s total funding to $235 million, with $220 million raised over the last 18 months. One of the largest funding rounds in legal AI history, it puts EvenUp’s valuation at over $1 billion.

“At EvenUp, our mission is to close the justice gap through the power of technology and AI,” said Rami Karabibar, CEO and co-founder of EvenUp. “We empower personal injury firms to deliver higher standards of representation, with the goal of ultimately helping the 20 million injury victims in the U.S. achieve fairer outcomes each year. With our latest products, funding, and proprietary data, we’re now better equipped to serve our customers. We’re also excited to continue investing in our talent, expanding our world-class leadership team with recent executive leaders from public companies.”

Over 1,000 law firms use EvenUp, which has helped them claim over $1.5 billion in damages. EvenUp has flagged $200 million in missing documents, leading to settlement increases of up to 30% – putting more money back in plaintiffs’ pockets faster. Based on internal data analysis, EvenUp’s flagship product, Demands, is 69% more likely than non-EvenUp demand letters to achieve a policy limit settlement.

EvenUp’s all-in-one Claims Intelligence Platform™ is powered by its AI model known as Piai™, which is trained on hundreds of thousands of injury cases, millions of medical records and visits, and internal legal expertise. The company’s new suite of products span across the personal injury case lifecycle and include:

Equip case managers and attorneys with the tools for successful representation 

• Case Preparation: Law firm staff manage large volumes of cases and engage in painstaking document review tasks. Despite this, an alarming rate of claims are submitted with missing supporting documents. Case Preparation is the first product of its kind to proactively help case managers make the best decisions across the lifecycle of their cases, including identifying missing documents early and simplifying the review of records, improving the quality of case preparation, and reducing time to settlement.
• Negotiation Preparation: Negotiation Preparation helps injury professionals ensure they’re never caught off guard in negotiations with insights on strengths, weaknesses, and key facts. Attorneys are then empowered with Case Companion, a state-of-the-art AI case assistant for real-time answers to complex questions, to quickly navigate their documents and return sourced-based answers.

Enable firms to reach new levels of performance

• Executive Analytics: Executive Analytics makes rich insights and powerful benchmarks from EvenUp’s proprietary dataset easily accessible. AI insights across key case metrics like treatment continuity, demand delays, and more ensure executives have the data they need at their fingertips to unlock new best-in-class performance.

Equip attorneys with new visibility into their historical settlements

• Settlement Repository: With over 95% of cases settled privately, firms have lacked clean internal data to evaluate potential offers or inform negotiations on behalf of their clients. Settlement Repository solves this challenge.

EvenUp’s engineering and product teams, which span 100+ people, have shipped 50+ releases this year alone. Twenty percent of its customers are already multi-product users, and EvenUp drafts 1,000+ documents per week for its customers, positioning EvenUp as the largest AI-document drafting platform in the U.S. Revenue has grown over 100% year-over-year, and EvenUp has also more than doubled its workforce in the U.S. and Canada in the past 12 months.

“Everyone is looking for ways that Gen AI can help people in the real world, and EvenUp’s multi-product approach is the perfect example of that,” said Aaref Hilaly, partner at Bain Capital Ventures. “The work Rami and his team are doing in the legal technology space is unmatched, especially given the quality of data they provide to customers and their new workflow products. We are excited to double down and invest again in EvenUp as they embark on this new chapter.”

“We are beyond excited to partner with EvenUp, which is streamlining the day-to-day tasks of attorneys and case managers. The product velocity here is like no other – EvenUp will soon serve as the singular technology platform addressing nearly every pain point personal injury attorneys face,” said Sandesh Patnam, Managing Partner at Premji Invest.

“EvenUp’s powerful insights have reshaped how we make decisions,” said Steve Mehr, founder & partner at Sweet James. “Access to this type of business intelligence solidifies our position as the market leader. Their platform enables us to stay ahead of the competition while scaling with precision and confidence.”

“With first-of-its-kind transparency into case settlement outcomes, EvenUp truly lives up to its name by empowering advocates with accurate data, ensuring injured victims receive fair and full compensation,” said Bob Simon, co-founder of The Simon Law Group.

Find out more about EvenUp’s new products here: https://www.evenuplaw.com/

About EvenUp

EvenUp is on a mission to level the playing field in personal injury cases. EvenUp applies machine learning and its AI model known as Piai™ to reduce manual effort and maximize case outcomes across the personal injury value chain. Combining in-house human legal expertise with proprietary AI and software to analyze records. The Claims Intelligence Platform™ provides rich business insights, AI workflow automation, and best-in-class document creation for injury law firms. EvenUp is the trusted partner of personal injury law firms. Backed by top VCs, including Bessemer Venture Partners, Bain Capital Ventures (BCV), SignalFire, NFX, DCM, and more, EvenUp’s customers range from top trial attorneys to America’s largest personal injury firms. EvenUp was founded in late 2019 and is headquartered in San Francisco. Learn more at www.evenuplaw.com.

About Bain Capital Ventures

Bain Capital Ventures (BCV) is a multi-stage VC firm with over $10B under management investing across seven core domains—AI applications, AI infrastructure, commerce, fintech, healthcare, industrials and security. Leveraging the unique resources of Bain Capital, BCV deploys targeted support at every stage of the company-building journey. For over 20 years, BCV has helped launch and commercialize more than 400 companies including Attentive, Apollo.io, Bloomreach, Clari, Docusign, Flywire, LinkedIn, Moveworks, Redis and ShipBob. For more information, visit www.baincapitalventures.com.

SOURCE EvenUp

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SAN MATEO, Calif., Oct. 8, 2024 — Pinpoint Predictive, Inc, the leading risk assessment platform for P&C Insurers, is delighted to announce the successful close of its highly anticipated Series A funding round led by prominent Insurtech VC Markd, along with esteemed investors Jazz Venture Partners, Guidewire Ventures, Verstra Ventures, Navigate Ventures and Seraph Group bringing the total capital raised by Pinpoint to over $23 million.

Pinpoint’s technology, which leverages machine learning and new, unconventional behavioral insights to deliver unparalleled precision to underwriting and actuarial decision-making, is reshaping the P&C insurance landscape. Pinpoint’s clients have seen improvement in loss ratios by an impressive 3 to 10 points with access to the earliest predictions available in the market.

Funding has been instrumental in accelerating the growth and development of Pinpoint’s platform, expanding its customer base, and further penetrating into home, auto and commercial markets.

“We are thrilled by the overwhelming response and confidence shown by investors who share our vision of revolutionizing the insurance industry through innovative AI solutions,” stated Scott Ham, CEO of Pinpoint Predictive. “This milestone is a testament to the amazing team we have here at Pinpoint as well as a recognition that Pinpoint is providing a game-changing platform to empower our clients to improve profitability and better serve their stakeholders. With this new funding, we are not just forecasting trends; we are setting them.”

“We believe the future of insurance lies in embracing advanced AI solutions, and Pinpoint Predictive is a player in this transformative movement,” said Parker Beauchamp, Managing Partner of Markd. “We are proud to partner with Pinpoint to advance our mission helping the P&C insurance industry in their endeavor to balance profitable growth while serving their policyholders more equitably.”

Pinpoint is excited about the implications of the combined efforts of its notable investors and partners. Pinpoint is confident that this partnership and vision will be an impactful influence on growth and profitability while enabling P&C insurers to steward a more inclusive and equitable future for the industry.

For more information on partnership opportunities, contact [email protected].

Pinpoint Predictive, Inc.

Pinpoint Predictive provides P&C insurers the earliest and most accurate loss predictions and risk scores to fast-track profitable growth. Unlike traditional methods, Pinpoint’s platform leverages deep learning, proprietary behavioral economics data, and trillions of individual behavioral predictors to help insurers identify the risk costs associated with customers and prospects.

Insurtech 100 Awards 2022 | Insurtech Vanguard | AI Breakthrough Awards 2023 | Global Tech Awards 2023 – Category Winner for AI, AnalyticsTech and Insurtech | Insurance Awards 2023 – Category winner for Insurtech in World Finance Magazine | Most Innovative Company in the Insurtech Industry 2024

www.pinpoint.ai | LinkedIn | [email protected]

SOURCE Pinpoint Predictive

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Early Hopin team announces new AI company that is using generative personalization and LLM workflows to rebuild email marketing for B2B companies

BALTIMORE, Oct. 8, 2024 — Singulate, a generative AI marketing platform, today announced it has raised a $2.3 million pre-seed round of funding from angel investors and venture capital firms. The early-stage startup sees the next era of email marketing using generative AI and LLMs to unlock far easier segmentation and better personalization in large-scale communication, beginning with email marketing.

The round was led by Bowery Capital in New York with significant participation from Seedcamp in London, along with angel investments from Hopin founder, Johnny Boufarhat, Paul Forster, founder of Indeed, Alex Theuma founder of SaaStock, via Backfuture, Draper Startup House, Allen Gannett, Alen Cvisic, Liz Willits, Dillon Scanlan, Johnathan Kol Bar, and more.

“We are thrilled to invest in Singulate and their vision for the future of large-scale communication,” said Mike Brown, partner at Bowery Capital. “The team’s experience and ambition has the potential to bring a giant industry into its next phase of innovation.”

“We are delighted to back a strong founding team that we know so well from previous years, now bringing their track record to a market they know well,” said Tom Wilson, partner at Seedcamp. “This team is very familiar with solving difficult customer problems at hyperspeed.”

The three co-founders Dave Schools (CEO), Nicolas Klein (COO), and John O’Gara (CTO) worked together for 4.5 years as the early team of their previous company, Hopin.

“We’re solving the biggest problem we saw in events and marketing at Hopin,” said Schools. “We had data on our attendees and customers from our events, product, and CRM — but we didn’t know how to easily segment and meaningfully personalize our marketing messages to speak to the individual at scale, so we sent email blasts — leaving millions on the table.”

Singulate’s product lets marketers use LLMs to easily create limitless audience segments to branch every component of a campaign on the fly. Singulate introduces powerful new ways for writers to use generative AI to make content deeply relevant for individuals at scale.

“Personalization is an exhausted word,” said Schools. “And AI is making it worse. What we’re building is more long term and focused on quality and versatility. We want to give marketers tools that fundamentally change how they write at scale for their customer personas.”

The company has launched in private beta and is looking for design partners. If you’re a B2B marketer, agency, or growth PM, drop your email on Singulate’s landing page to get started.

SOURCE Singulate, Inc.

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SINGAPORE, Oct. 7, 2024 — Meridian Innovation Pte Ltd, the pioneer developer of low cost, mass producible thermal imaging sensors, is pleased to announce it has raised US$12.5 million in a funding round led by new investors, strategic partners, as well as participation from existing investors. This funding will enable Meridian Innovation to scale operations, accelerate product development and expand its reach into broader consumer and commercial markets. With this round, Meridian Innovation’s total investment to date is more than US$30 million.

Meridian Innovation is revolutionizing thermal imaging with its patented Complementary Metal-Oxide-Semiconductor (“CMOS”)-based technology. Unlike traditional thermal sensors, which rely on more expensive materials and production methods, Meridian’s CMOS platform guarantees a significantly lower cost of manufacturing while maintaining the highest levels of performance for the consumer and commercial markets. Over the past few years, Meridian has shipped to many customers in numerous market segments, including IoT devices; smart appliances; in-cabin automotive monitoring; AI-assisted baby monitoring and elderly care; security and safety products, as well as portable thermography instruments. Meridian is uniquely positioned to capitalize and contribute to the needs of these growing market segments which are all rapidly adopting low-cost thermal imaging sensors. Both investors and customers are embracing Meridian’s compelling, patented CMOS thermal imaging sensors, due to the salient benefits of low-power consumption, together with the lower cost of a mass manufacturable CMOS process.

“As an early investor, SEEDS has been part of Meridian’s remarkable journey in developing its groundbreaking CMOS-based thermal imaging technology and is proud to support the commercialisation of its products. We look forward to supporting Meridian’s growth as it further optimises its production capabilities and expand its global market presence.” stated Kaixin Tan, General Manager of Seeds Capital.

“We are excited to deepen our partnership with Meridian and support its mission to bring cutting-edge thermal imaging technology to mass markets. Their unique CMOS-based approach is a game-changer, not only in terms of cost but also in manufacturing scalability. We believe this investment will help Meridian Innovation to solidify its leadership in the industry and unlock new applications in our own product portfolio.” said Teck Lee Chee, CEO of Moveon Technologies Pte Ltd.

“We are thrilled to have Moveon, TCVC and Hong Kong Science and Technology Parks Corporation as new investors. This funding marks a significant milestone in our journey to become the leading provider of CMOS-based thermal imaging technology. With the support of our strategic partners and investors, we are poised to scale production, bring innovative solutions to market and unlock new possibilities in consumer and commercial applications. Our CMOS-based approach gives us a clear advantage in delivering cost-effective thermal imaging sensors at scale, making thermal imaging more accessible than ever.” said Hock Leow, CEO and Co-Founder of Meridian Innovation. “We are committed to constant innovation and, with this new investment, we are accelerating our product development. We will be shipping our 2^nd generation higher resolution, 160×120, sensor in Q4 2024.”

About Meridian Innovation

Meridian Innovation, headquartered in Singapore, is a pioneering developer of advanced Complementary Metal-Oxide-Semiconductor (“CMOS”) Thermal Imaging solutions with operations also in Hong Kong, USA and UK. Meridian Innovation is committed to the development of cost effective and high-performance Thermal Imaging Sensor-based solutions for commercial and consumer applications that will enable safer and better living. Meridian’s technology utilizes a unique patented approach in fabricating LWIR sensors based only on CMOS. Combining a proprietary wafer-level vacuum packaging allows Meridian to produce their sensors at lower cost and mass producible volume.

For more information on Meridian, please visit https://www.meridianinno.com/

About Moveon Technologies Pte Ltd

Moveon Technologies Pte Ltd, founded in 2006, specializes in the design, engineering and production of precision micro-optics components & modules. Moveon’s capabilities in optics is complimented by their proprietary know-how in micro & nano-fabrication, including nanoimprint, lithography and 2- Photon Polymerization processes that are deployed to serve a wide variety of fields, including functional optics for light detection and ranging technology (LIDAR), depth sensing cameras, waveguide displays, spectrometers, eye trackers for augmented & mixed reality (AR or MR) applications and medical optics.

For more information on Moveon, please visit https://moveon.bz/  

About Seeds Capital

As the investment arm of Enterprise Singapore, SEEDS Capital catalyses smart investments into innovative Singapore-based early-stage startups with strong intellectual content and global market potential. We adopt a co-investment model, working hand in hand with institutional investors from around the world. Leveraging our collective expertise and networks, we help startups commercialise, realise their business development plans and expand globally. We focus our investments into emerging and strategic sectors aligned with national priorities, including Manufacturing, Trade & Connectivity, Human Health & Potential, Urban Solutions & Sustainability, and Smart Nation & Digital Economy.

For more information on Seeds Capital, please visit https://www.seedscapital.sg/

SOURCE Meridian Innovation Pte Ltd

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Financing to Fund 10X Acceleration in Development Speed

PALO ALTO, Calif., Oct. 7, 2024 — Josys, the SaaS Management platform that simplifies how IT works, has successfully secured $100 million in venture debt. This latest financing, combined with the $125 million Josys has previously raised, gives the company the strongest financial backing of any SaaS Management company in the world. Today, Josys is announcing plans to make large-scale investments in product development in both its Silicon Valley and Bangalore office locations and expects to increase the speed of development tenfold over the next two years. 

Since Josys’ Series B round in September 2023, the company has multiplied revenue by 3X, doubled its customer count in Japan, and successfully expanded globally by gaining customers in the United States, Australia, and Southeast Asia. This new financing positions Josys for its next stage of growth as the leader in SaaS Management, where it aims to serve the needs of enterprises that are struggling with the security and cost challenges that sit at the core of SaaS operations.

Josys is also launching two new services this month to help customers dramatically improve the efficiency and effectiveness of their SaaS Management efforts. In a recent Josys survey, 79% of respondents admitted that their current processes for managing and governing SaaS licenses are too painful. Another 63% mentioned that they are still using spreadsheets as their primary approach for managing all of their SaaS applications. With time-consuming manual processes being the default solution for most organizations, it’s no surprise that 91% of survey respondents confirmed their interest in purchasing a SaaS management solution within the next 18 months.

To ensure the successful implementation and deployment of SaaS Management best practices, Josys is opening the world’s first SaaS Operations Excellence Center to help customers fully realize the value of critical SaaS Management tasks such as shadow IT detection, security optimization, license rationalization, and employee lifecycle management. Josys’ new 10,000 square foot Center is located in Kaihin-Makuhari, Chiba City, just outside of Tokyo and currently staffed by 30 SaaS operations analysts and technicians. With the aim of further developing and scaling its expertise to help customers strengthen their SaaS security posture and reduce IT overhead, Josys plans to expand the team to 100 by the end of 2025.

Josys is also announcing the general availability of its Multi-Tenant Portal, a SaaS Management module that allows centralized IT teams to manage the SaaS ecosystem and security posture of an entire group of companies. This solution is particularly useful for visualizing potentially weak security configurations of M&A targets and overseas subsidiaries, enabling real-time monitoring of shadow IT, privileged account status, and the detection of inactive employee accounts. With the Josys Multi-Tenant Portal, companies can respond swiftly to cross-company SaaS security risks and build a defense system that proactively identifies issues before they become problems.

To learn more about Josys, please visit josys.com or contact us here for more information.

About Josys
Josys is the SaaS Management Platform that simplifies how IT works. Our holistic approach equips IT teams with 360-degree control over their SaaS applications by making it easier to visualize user access, analyze utilization trends, and automate provisioning processes that will make IT operations run more efficiently.

Contact: [email protected]

SOURCE Josys

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Financing to Fund 10X Acceleration in Development Speed

PALO ALTO, Calif., Oct. 7, 2024 — Josys, the SaaS Management platform that simplifies how IT works, has successfully secured $100 million in venture debt. This latest financing, combined with the $125 million Josys has previously raised, gives the company the strongest financial backing of any SaaS Management company in the world. Today, Josys is announcing plans to make large-scale investments in product development in both its Silicon Valley and Bangalore office locations and expects to increase the speed of development tenfold over the next two years. 

Since Josys’ Series B round in September 2023, the company has multiplied revenue by 3X, doubled its customer count in Japan, and successfully expanded globally by gaining customers in the United States, Australia, and Southeast Asia. This new financing positions Josys for its next stage of growth as the leader in SaaS Management, where it aims to serve the needs of enterprises that are struggling with the security and cost challenges that sit at the core of SaaS operations.

Josys is also launching two new services this month to help customers dramatically improve the efficiency and effectiveness of their SaaS Management efforts. In a recent Josys survey, 79% of respondents admitted that their current processes for managing and governing SaaS licenses are too painful. Another 63% mentioned that they are still using spreadsheets as their primary approach for managing all of their SaaS applications. With time-consuming manual processes being the default solution for most organizations, it’s no surprise that 91% of survey respondents confirmed their interest in purchasing a SaaS management solution within the next 18 months.

To ensure the successful implementation and deployment of SaaS Management best practices, Josys is opening the world’s first SaaS Operations Excellence Center to help customers fully realize the value of critical SaaS Management tasks such as shadow IT detection, security optimization, license rationalization, and employee lifecycle management. Josys’ new 10,000 square foot Center is located in Kaihin-Makuhari, Chiba City, just outside of Tokyo and currently staffed by 30 SaaS operations analysts and technicians. With the aim of further developing and scaling its expertise to help customers strengthen their SaaS security posture and reduce IT overhead, Josys plans to expand the team to 100 by the end of 2025.

Josys is also announcing the general availability of its Multi-Tenant Portal, a SaaS Management module that allows centralized IT teams to manage the SaaS ecosystem and security posture of an entire group of companies. This solution is particularly useful for visualizing potentially weak security configurations of M&A targets and overseas subsidiaries, enabling real-time monitoring of shadow IT, privileged account status, and the detection of inactive employee accounts. With the Josys Multi-Tenant Portal, companies can respond swiftly to cross-company SaaS security risks and build a defense system that proactively identifies issues before they become problems.

To learn more about Josys, please visit josys.com or contact us here for more information.

About Josys
Josys is the SaaS Management Platform that simplifies how IT works. Our holistic approach equips IT teams with 360-degree control over their SaaS applications by making it easier to visualize user access, analyze utilization trends, and automate provisioning processes that will make IT operations run more efficiently.

Contact: [email protected]

SOURCE Josys

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