CULVER CITY, Calif., Aug. 29, 2024 — Miris, the company bringing spatial computing into the streaming era, launched from stealth today with $26 Million in Seed funding led by IAG Capital Partners.
Miris’ patented technology – which enables full, real-time streaming of dynamic, high fidelity spatial content without downloads – solves a massive problem for today’s spatial computing creators, distributors, and consumers.
“The biggest tech and entertainment companies in the world are spending billions to grow the spatial computing market,” said Marlin Prager, Miris CEO and cofounder. “Miris delivers the only complete solution to unblock spatial content’s delivery bottleneck and allow for consumer-facing spatial streaming, without sacrificing quality or experience.”
Miris has developed and patented key streaming technologies, leading to the first content delivery network (CDN) enabling spatial content. With Miris, consumers will enjoy dynamic streaming of spatial content anywhere, anytime – without downloads or storage – mirroring the ease we have consuming music, movies, and TV content today.
“The success of Netflix, TikTok, Spotify and YouTube have shown that streaming is the preferred way to consume content,” said Joel Whitley, Partner at IAG Capital Partners. “We believe that spatial computing will not see widespread adoption unless and until high fidelity, interactive spatial content can be delivered to consumers for easy consumption – via streaming. Miris and its team have solved this key problem with an elegant solution delivering spatial content at scale. This will enable the ‘pull-through’ for both spatial content and devices the market has been waiting for. Miris is the key to unlock spatial computing.”
Miris is led by a visionary management and technical team with decades of combined experience across entertainment and technology. The executive team has contributed to dozens of Hollywood films, video games, and large enterprise technology companies.
From entertainment to healthcare to myriad business applications, Miris is working with spatial computing developers to stream a new generation of high-fidelity spatial content globally.
For more information or to contact Miris, please visit www.Miris.com.
About Miris Miris brings spatial computing into the streaming era to meet the demand for dynamic content. Miris’ technology plugs into current content workflows and will make limitless spatial content accessible to the world by removing current data bottlenecks, delighting consumers, and accelerating hardware adoption globally. Miris is based in Culver City, California.
SAN FRANCISCO, Aug. 28, 2024 — Agency, the creators of the industry-leading AgentOps.ai platform, has raised $2.6 million in pre-seed funding led by prominent investors 645 Ventures and Afore Capital. This funding will enable the company to further develop and scale its AI agent observability and testing platform, ensuring reliability and safety for enterprises deploying large language model (LLM) enabled autonomous agents.
Launched earlier this year, AgentOps.ai has quickly become the go-to platform for AI agent observability and compliance. Led by industry veterans Alex Reibman, Adam Silverman, and Shawn Qiu, the platform is now used by thousands of teams monthly. AgentOps.ai integrates seamlessly with leading AI agent frameworks including AutoGen from Microsoft Research, CrewAI, LlamaIndex, Cohere, and MultiOn, providing unparalleled support and compliance for AI agent developers.
“In the next year, you will see enterprises employing thousands of agents in everything from sales to research. AgentOps is the central place where all the data is managed. Whether you are buying an agent off the shelf or having an engineering team build one, there will always be an audit trail within AgentOps. In large enterprises, it is important to know what your employees do. Agents represent new members of the workforce and require the same auditability and accountability that exists with employees,” said Adam Silverman, Founder of Agency.
Matt Hawes, Associate at 645 Ventures, added, “AgentOps provides AI builders with critical insights needed to iterate and improve rapidly. This level of transparency and support is essential for fostering innovation and trust in AI technologies.”
Gaurav Jain, Partner at Afore Capital, noted “We’re on the cusp of an ‘agent explosion,’ with hundreds, if not thousands, of AI assistants woven into our work and daily lives. But building these agents is incredibly complex given all the edge cases (which humans handle very well). AgentOps is cracking that code, drastically speeding up development time – think Stripe for payments, or Twilio for communications, but for the world of intelligent agents.”
In a world where AI is becoming the backbone of enterprise operations, the need for reliable, safe, and scalable AI agents has never been greater. “In the age of AI, Agents are the new Apps. Agentic programs are the next major paradigm shift in computing. But for the time being, agents are slow, expensive, and unreliable. Safe, accessible, and scalable AI agents will be the ambitious project of this generation. We could not be more excited to make this catalytic technology a reality,” added Alex Reibman
About Agency
Agency is dedicated to creating a reliable and safe environment for AI agent development. With its flagship product, AgentOps.ai, the company aims to transform how enterprises build, deploy, and manage AI agents, ensuring compliance, observability, and scalability.
For more information about Agency and AgentOps.ai, please visit Agen.cy or contact:
Blue Marlin Partners and Current Yield with Participation Fund Lead Round for Building a National Solar and BESS Development Platform, with Commitments Exceeding $100 Million Corporate Equity Raise Goal
MIAMI, Aug. 28, 2024 — Apricus Generation, a rapidly growing holding company focused on building a national distributed solar and battery development platform and Independent Power Producer (IPP), today announced the closing of its Series A funding round led by Blue Marlin Partners and Current Yield with Participation (CYwP) Fund. With this closing, Apricus has already raised the majority of Series A capital and is over-committed towards its $100 million corporate equity capital raise goal. The Apricus platform enables consumers and businesses to participate in the energy transition by providing solar and battery storage developers with management expertise and capital to advance their project pipeline to generation.
“We have been exploring entry into the solar and battery energy distributed generation market for some time now. With Apricus, led by industry veterans Gautam Chandra and Ravi Thuraisingham, we have found the right mix of an innovative business plan, founders with a proven execution track record with successful exits, and the perfect timing,” said Peter Kirsch, Founder and Managing Partner of Blue Marlin Partners.
“CYwP Fund IV benefited recently from a highly successful exit with one of the Apricus founder’s previous ventures, and we are extremely pleased that CYwP Fund VII and CYWP Solar Energy I have the opportunity to participate again with the founders in their new venture in the exciting and fast-growing solar and battery storage sector,” remarked Ethan Assal, Founder and Managing Partner of CYwP Fund.
“We are excited to have Blue Marlin and CYwP Fund as the lead investors in our Series A round. Having previously worked with CywP Fund, we greatly value their continued confidence and partnership, and we are equally excited to welcome Blue Marlin as they venture into this space,” said Gautam Chandra, Executive Chairman and Co-Founder of Apricus Generation. “In addition to our institutional partners, dozens of loyal past investors also participated in this financing round. We are humbled and grateful for the strong interest in Apricus and our business model, highlighted by this very successful capital raise and the trust that both new and returning investors have in our vision.”
The funds will be used to accelerate Apricus’ business plan and support the growth of its recent acquisition of a controlling interest in Nexus Renewables, Inc., a Toronto-based developer of US solar and energy storage projects. This capital raise will also fuel additional acquisitions and the buildout of solar and battery energy systems, advancing the company’s strategic goals.
About Apricus Generation
Apricus Generation, Inc. is a holding company designed to build a national distributed solar and battery development platform and Independent Power Producer (IPP). Apricus Generation’s platform enables consumers and businesses to participate in the energy transition by providing developers with management expertise and capital to advance their project pipeline to generation. The company brings together the founders’ decades-long proven track record in clean energy development and investment.
Blue Marlin Partners is a private investment firm based in Bethesda, Maryland with more than $675 million of invested capital along with strategic partners in 28 platform investments. Blue Marlin invests on behalf of a network of investors, who are all part owners of Blue Marlin, and are high net-worth operators, individuals, or single-family offices with distinct expertise in a particular industry or vertical. Blue Marlin’s investment team works in concert with our investor network, leveraging their expertise in our diligence and to create value within our portfolio companies post-close. For more information, visit https://www.bluemarpartners.com/
About CYwP Fund
Current Yield with Participation (CYwP) Fund was formed to provide flexible growth capital through debt and equity investments in operating companies and high-yield real estate opportunities based in the continental United States. The funds of CYwP Fund are managed by Ethan Assal and David Brink. For more information, visit https://cywpfund.com/
GEORGE TOWN, Cayman Islands, Aug. 28, 2024 — Lemniscap, a global thesis-driven investment firm backing early-stage Web3 founders, has raised a $70 million fund to provide financial backing and strategic guidance to help nascent Web3 startups scale at pace.
Lemniscap launches brand new $70 million fund, geared towards early-stage Web3 projects.
The generalist $70 million fund will focus on a broad range of opportunities across the blockchain ecosystem, with some of the key areas of interest including Zero Knowledge Infrastructure, Consumer Applications, emerging Bitcoin Ecosystem, Security, Phygital and Decentralised Physical Infrastructure (DePin). The fund is anchored by Accolade Partners, one of the largest Fund of Funds in the US, specialising in early-stage VC, growth equity and blockchain fund investments.
Lemniscap was founded in 2017 by Roderik van der Graaf, whose strong financial background includes tenure at some of the world’s most renowned financial institutions such as Deutsche Bank, HSBC, Rabobank and Bear Stearns. Having provided strategic advisory to early-stage blockchain companies since 2014, Roderik was uniquely positioned to launch an institutional grade investment firm tailored to the then niche space. He set about assembling a cohesive team of crypto-native veterans with synergetic experience combining Finance, Economics, Computer Science, and Entrepreneurship. Since the firm’s inception, the core team has remained intact, firmly aligned on a long-term mission to power a decentralised and transparent future.
Roderik van der Graaf, Founder and Managing Partner of Lemniscap, said: “In the seven years since we launched, reputation has become one of our strongest brands among founders, who we genuinely treat as partners. They represent our strongest edge when it comes to sourcing rich intelligence, building lasting partnerships, and honing in on early-stage, high-potential opportunities. This new fund will give us significant financial firepower to support the next generation of ambitious industry pioneers.”
Having developed, launched and managed multiple funds to date, significantly outperforming industry benchmarks and market peers, Lemniscap has established impeccable credentials among Web3 founders across the industry spectrum. Its first fund was launched at the tail end of 2017, right before the sharp market decline of 2018. Throughout the downturn, Lemniscap continued sourcing quality projects, and the bets the firm placed in 2018 have yielded substantial gains. Lemniscap’s foundational market thesis and investment rationale have remained intact throughout periods of market volatility and regulatory uncertainty.
To date, Lemniscap has made over 130 investments, growing from a follow-on investor to one of the Web3 industry’s most prominent lead investors and high conviction allocators. The Lemniscap portfolio has expanded to include top protocols and some of the most critical infrastructural solutions powering the Web3 industry, with flagship investments including Avalanche, The Graph, Axelar, StepN, Paragraph, LN Markets as well as Aligned Layer, Axelar, Eigen Layer, Puffer, Monad, and Anoma.
Marcos Veremis, Partner of Accolade Partners said: “Having already launched multiple successful funds underpinned by methodical, battle-tested investment theses, the Lemniscap team has proven adept at sourcing exceptional founders and projects at the cutting edge of Web3 innovation. We are supremely confident in the fund’s strategy and management team, and look forward to a prosperous and collaborative working relationship.”
The Lemniscap team’s multidisciplinary experience and deep-level Web3 expertise have helped them develop a nuanced understanding of the needs of founders operating in today’s frenetic and regulatory-sensitive industry. Lemniscap’s holistic approach to portfolio management prioritises long-term success rather than short-term gains, ensuring that each investment is nurtured comprehensively. Through ongoing, extensive market analysis, the team has their fingers on the pulse of impending technological advancements and future investment opportunities therein, giving them a distinct edge in the competitive market.
Shaishav Todi, General Partner at Lemniscap, said: “At Lemniscap, we believe that fostering innovation at the grassroots level is essential for building a robust and resilient decentralised ecosystem. Lemniscap takes great pride in being able to identify and help define emerging verticals – underpinned by scalable solutions with well-defined product roadmaps. Today’s announcement is another step in that journey, and we’re excited to continue working with founders who share our vision of a decentralised, transparent, and equitable digital future.”
About Lemniscap
Lemniscap is an investment firm specialising in investments in emerging crypto assets and blockchain startups. Since its founding in 2017, Lemniscap has funded multiple investments in the crypto blockchain space, on the core belief that blockchain technology will upend traditional business models, resulting in profound changes in the world economy. The Lemniscap team consists of talented people with backgrounds in financial markets, Venture Capital, technology and entrepreneurship. For more information, visithttps://lemniscap.com/.
New funding accelerates AI-powered platform to help bridge the gap in government acquisition for emerging technologies
BOSTON, Aug. 28, 2024 — Pryzm officially launched today to make it easier and faster than ever for technology companies to accelerate government contract capture with the help of AI. At the same time, it announced its $2 million funding round co-led by top defense tech investor XYZ Venture Capital — an early backer of Anduril — and Amplify.LA, with participation from First In and strategic individuals enthusiastic about Pryzm’s mission to disrupt public sector procurement.
Today’s government contracting toolkit is often reactive. Contractors either burn all their time exploring opportunities that come to them (many of which aren’t relevant), or tackling a fragmented, opaque process to get in front of the right government buyers without all the information they need. Pryzm, by comparison, takes a more proactive approach by delivering targeted, holistic data to drive users’ efforts to capture government business.
“The Pryzm team could not be more perfect to solve this problem — all their experience gives them a massive lead over any potential competitor,” says Ross Fubini, Managing Partner at XYZ Venture Capital. “They understand the needs here at such a detailed level, it’s no wonder they’ve already attracted many of the biggest name contractors who want to stay on the cutting edge.”
The Pryzm team is uniquely positioned to tackle these challenges because of their experience in both the worlds of public sector procurement and acquisition, as well as big data and artificial intelligence. Their deep industry knowledge was built in prior roles at Lockheed Martin, Palantir, Veridion, and Tesla, and is complemented by technical expertise that has resulted in significant market traction. Already, Pryzm has partnerships with notable companies such as Forterra, AFRL’s Griffiss Institute, and Decisive Point, among others.
“Pryzm provides targeted intel at exactly the right time, along with the tools to operationalize it into real world actions.” says Pat Acox, Vice President of Defense Growth at Forterra, a Pryzm customer. “Data at the right time and place is what wins, and Pryzm excels at delivering that value to our team.”
This summer’s infusion of capital is accelerating Pryzm’s development and expansion, enabling the company to continue growing the product’s functionality while reaching more companies that can serve the federal government. Ultimately, such support bolsters Pryzm’s mission to make government contracting more accessible, transparent, and efficient, helping the best companies unlock their potential in the public sector.
“With Pryzm, we’re building the toolset we want ourselves as government contractors: proactive, rather than reactive, and designed for the nonlinear way that you actually win business.” says Nick LaRovere, co-founder and CEO of Pryzm. “We lean into simplifying what was once complex — connecting disparate information into one cohesive picture, specifically tailored towards your business.”
About Pryzm Dynamics Inc. Founded by alumni of Palantir and Lockheed Martin, Pryzm is a leader in enabling technology companies to ‘connect the dots’ of complex public sector business development. The company provides its customers unparalleled access to the tools, data, and context required to proactively navigate the intricacies of government contracting.
Growth capital will accelerate investments in defense capabilities to the tactical edge
ALEXANDRIA, Va., Aug. 28, 2024 — Parry Labs, LLC, a defense technology company that develops next generation open architecture mission solutions, announced today the completion of an $80 million raise, the Company’s first institutional investment round. This strategic growth equity capital was led by Capitol Meridian Partners, and included participation from True Ventures, as well as 3Wire Partners and Teamworthy Ventures.
Parry Labs CEO, John Parkes, demonstrating edge computing and ground control station solutions in the company’s Huntsville office lab.
The growth capital will primarily be used to accelerate investments in the company’s core technologies and to bring new, advanced edge capabilities to the warfighter – including command and control, mission critical software, interoperability, and advanced AI computing. Parry Labs’ digital systems integration solutions improve combat readiness and defense capability – by enabling faster, more advanced, and cost-effective systems.
“The Parry team is leading the way defense customers can leverage digital engineering and open systems to provide new capabilities to the warfighter at the speed of need,” said Parry Labs Founder and CEO John Parkes. “We are excited to partner with Capitol Meridian Partners and this group of investors who have deep expertise in defense and technology, as well as proven track records of supporting high growth companies that will benefit the company in our continued growth as we lead the way in redefining the edge for combat effectiveness.”
“Parry Labs has rightly earned its reputation for innovation and quality. The company is a trusted partner to its defense customers and has quickly become a disruptive provider of next generation open mission systems, all under a forward-thinking open mission framework,” said Brooke Coburn, Founding Partner at Capitol Meridian Partners. “We are excited to partner with John and the rest of the management team as we invest in new technologies, accelerate the adoption of technology for the warfighter and drive innovation throughout the defense ecosystem. We believe our experience and founder-friendly investment approach well position Capitol Meridian Partners to support Parry Labs’ accelerating growth plans,” he added.
“Legacy and next generation defense systems need a technology partner to bring them into the era of tactical edge computing,” said True Ventures Partner Gus Coldebella. “Parry Labs’ growth to date is a testament to John’s leadership in the sector and, given our experience helping software and cloud infrastructure companies scale, we jumped at the opportunity to support Parry’s continued expansion. Parry’s solutions make defense platforms nimbler and more adaptable – and ensure the longevity and modernization of existing systems.”
Parry Labs is a digital systems integrator for modernizing legacy platforms and accelerating new platform development. The Company offers an open architecture software stack, known as Stratia, which serves as the digital backbone of its edge compute solutions, as well as electronic warfare products that enable defense customers to accelerate key national priorities.
About Parry Labs, LLC Parry Labs redefines the edge for the modern battlespace with digital systems integration that delivers rapid capability deployment and a decisive combat advantage. The company combines open software architecture and mission-proven hardware to create a common framework that’s integrated, agile, and designed to deliver the most mission-critical technology at mission relevant speed. For more information visit Parry Labs and follow us on LinkedIn.
About Capitol Meridian Partners Capitol Meridian Partners was formed in 2021 to invest at the nexus of government and commercial markets, targeting opportunities where the firm can invest and drive value creation through active engagement with management. The firm draws upon the deep network of industry veterans curated over 27+ years of its principals’ experience in the sector to bring thoughtful strategic resources to each investment opportunity. www.capitolmeridian.com.
About True Ventures Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. With more than $3.8 billion under management, True provides seed and Series A financing to entrepreneurs in some of today’s fastest-growing markets. To date, True has helped more than 350 companies launch and scale their businesses, creating over 85,000 jobs worldwide. To learn more, visit www.trueventures.com.
TAMPA, Fla. , Aug. 28, 2024 — Integrated Ventures, Inc. (OTCQB: INTV), a diversified portfolio holdings company, is excited to announce its strategic entry into the rapidly expanding health and wellness sector.
The initial phase of this transition will be led by the newly established subsidiary, MedWell USA, LLC, which will serve as a B2B Procurement Agent for a variety of pharmaceutical products, with a particular focus on the booming medical weight loss and GLP-1 markets.
MedWell USA will be focused on the development of innovative weight loss and wellness management solutions, targeting B2B clients such as medical offices, fitness facilities and wellness clinics. This approach is designed to meet emerging consumer demands and capitalize on the significant growth within the global health and wellness industry.
Steve Rubakh, CEO of Integrated Ventures, comments: “This strategic entry represents a significant evolution for our company. The health and wellness sector offers immense growth potential, and we are eager to bring unique and impactful solutions (B2B and B2C) to market that will meet the critical needs of consumers seeking to improve their health and well-being. According to UB Securities (*) forecast, the combined GLP-1 market for obesity and diabetes will reach $129 billion by 2029, with 40 million users (with 44% based in USA) and a robust compound annual growth rate (CAGR) of 30%.”
In addition to launching MedWell USA, the Company is in the process of establishing two more subsidiaries, aimed at broadening its weight loss related operations. Furthermore, the Company is finalizing strategic joint ventures that will enable INTV to quickly and effectively penetrate the lucrative health and wellness market.
Integrated Ventures is committed to driving shareholder value by seizing high-growth opportunities within the health and wellness sector. The Company will provide regular updates as it advances its strategic plans and achieves key milestones.
Integrated Ventures, Inc. is a diversified holdings company that develops, acquires, operates, and invests in unique businesses. The Company’s current operations include digital currency mining and hosting.
About MedWell USA, LLC:
MedWell USA, LLC, based in Tampa, FL, is a B2B Procurement Agency specializing in the health and wellness sector, with a focus on medical weight loss and GLP-1 products. The company targets medical offices, wellness clinics, gyms, and online telemedicine companies.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the company’s control.
Founded by Bay Area Veteran Investor, Matt Krna, Two Meter Capital is a Trusted and Experienced Partner for Growth and Venture Funds, Family Offices, Corporate Venture Groups, and Secondary Funds
MENLO PARK, Calif., Aug. 28, 2024 — Two Meter Capital announced today its launch of the first independent fund management services firm, designed to optimize returns and enable strategic decision making for growth and venture funds, family offices, corporate venture groups (CVCs), and secondary funds.
These investor types are facing multiple challenges in today’s market: consolidation of capital in the hands of fewer, larger firms and a more demanding fundraising environment overall; longer time to liquidity bumping up against limited partner pressure for distributions; and a growing and increasingly complex secondary market for VC and growth investments. Two Meter Capital’s tech- and AI-enabled services model, combined with the firm’s ethos of accountability, competence, intelligence, and specialization, enables the firm’s investor clients to address these market-driven challenges.
Founded by veteran investor Matt Krna, Two Meter Capital combines deep industry knowledge, experience, and connections with a tech-forward approach to portfolio management to deliver substantial operational leverage to its investor clients in several core areas:
Portfolio Tracking, Management, and Reporting: Two Meter acts as an engaged steward of portfolios, from monitoring passive positions to filling board seats.
Follow-On Financing Support: The firm assesses follow-on financing rounds, combining investment experience and analytics to provide fresh, unbiased recommendations.
Catalyzing and Evaluating Exits: Two Meter uncovers opportunities for liquidity and provides advice on exit timing and pricing.
Service Provider Management: Two Meter oversees third-party fund administrators, auditors, and valuation firms to free its clients from time-consuming administration.
Two Meter Capital launches with an aggregate portfolio of over 180 early-to-pre-IPO stage companies already under active management.
“We’re excited to provide an industry-first level of support, sophistication, and optionality to fund and portfolio decision-makers whose returns are being impacted by an increasingly complex and evolving market,” said Krna. “Whether an established fund seeking help with its older vintages, a sunsetting firm needing an ongoing active day-to-day manager, a corporate VC or family office looking to outsource a specific set of their investments, or a secondary fund seeking an all-in-one solution for a complex acquired portfolio, we believe that Two Meter provides a compelling long-term solution.”
Two Meter Capital’s team brings a decades-long track record of success in growth and venture investing. The firm’s set of offerings can be thought of as a “General Partner (GP) on Demand”, which shoulders the responsibilities of portfolio management and enables investment managers to focus on their next endeavors. For those managers desiring near-term liquidity, the Two Meter partners with secondary funds in the acquisition and management of large and complex growth and VC portfolios.
Before Two Meter Capital, Krna logged a successful career as a growth-stage investor at Alpha Partners, Princeville Capital (which he co-founded), SoftBank Princeville, Investor AB, and Canaan Partners. During this time Krna has raised over $1 billion and helped guide successful outcomes for companies including BigCommerce (BIGC), Criteo (CRTO), Fitbit (FIT; acquired by Google), Remitly (RELY), and Kabbage (acquired by Amex), while also backing successful digital health businesses including Akili (AKLI), Komodo Health, and Sword Health.
About Two Meter Capital Two Meter Capital is a provider of strategic portfolio management services to venture/growth funds, family offices, and corporate venture groups, and collaborates with secondary funds to manage large and/or complex ventures and growth portfolios. Two Meter Capital’s core suite of services includes portfolio tracking, management, and reporting; follow-on financing support; exit origination; and service provider oversight. Two Meter Capital’s team leverages a deep network of connections, decades of portfolio management, and investment experience, and a sophisticated underlying technology platform to help its clients achieve their return and liquidity objectives. Two Meter Capital is based in Silicon Valley, California. For more information, please visit www.twometercapital.com.
NEWPORT BEACH, Calif., Aug. 28, 2024 — Wethos AI, the pioneering force in AI-driven team optimization, announced it has raised $7.5 million in a seed funding round led by Jeff Herbst at GFT Ventures. The investment underscores the growing recognition of Wethos AI’s innovative approach to reshaping workplace dynamics in an AI-centric world. Seasoned investors in the round also include Miramar Digital Ventures, UCI Cove Fund and Capellas Partners.
The future of work with AI is more than a possibility, it will need to be an operating system for collaboration and productivity. “Wethos AI stands at the forefront of a workplace revolution,” said Stuart McClure, CEO and Founder of Wethos AI, who started his prior company Cylance in 2012 and it was acquired six years later by Blackberry for $1.5 billion. “This funding isn’t just about capital; it’s rocket fuel for our mission to redefine how people and teams operate in the age of artificial intelligence.”
The fresh capital will be strategically deployed to:
Supercharge AI Advancements: Wethos AI will double down on cutting-edge AI technologies, pushing the boundaries of what’s possible in team analytics, optimization and, in the future, automation.
Pioneer the Future of Work: As AI reshapes industries, Wethos AI will lead the charge developing advancements that harmonize human potential with AI capabilities.
Accelerating Market Penetration: With a laser focus on selectively partnering with leading organizations that embrace AI as a catalyst for growth, Wethos AI brings ingenuity and innovation as a powerful force multiplier. This new funding will fuel go-to-market efforts to rapidly expand Wethos’ growing customer base.
Jeff Herbst of GFT Ventures commented, “Wethos AI isn’t just predicting the future of work – they’re actively creating it. Stuart and his team have a demonstrated track record of turning visionary ideas into market-defining realities, and we’re thrilled to fuel their next chapter of growth. At GFT Ventures, we relish opportunities to work with repeat, successful entrepreneurs deploying AI to solve the hardest problems for the world’s largest markets.”
As organizations grapple with the complexities of AI integration and evolving team dynamics, Wethos AI’s platform offers a beacon of clarity and actionable insights. By quantifying team ethos and leveraging AI-driven analysis, Wethos AI empowers businesses to unlock unprecedented levels of team performance and individual potential.
“We’re building a new AI operating system from the ground up for the workplace,” said Stuart McClure. “In a world where AI is becoming ubiquitous, understanding and optimizing human potential is the ultimate competitive advantage.”
About Wethos AI: Wethos AI is at the vanguard of the AI-driven workplace revolution. By harnessing the power of artificial intelligence and deep organizational psychology, Wethos AI provides businesses with unparalleled insights into team dynamics, enabling them to build high-performing teams that thrive in the AI era.
