• Investment round in the women’s health space also includes investment from pharma and specialist investors
• Financing to support continued commercialization with health plans and insurers in the US, UK and India
• MamaLift Plus^TM is the first prescription digital therapeutic for the treatment of postpartum depression

LONDON, Aug. 28, 2024 — RYSE Asset Management, the healthcare investor supporting innovative early-stage companies transforming lives, announced it has participated in a double digit investment round for Curio Digital Therapeutics Inc., (Curio), an innovative US company treating postpartum depression (PPD) and other underserved women’s mental health conditions. Strategic investor ONCE, the nutraceuticals venture capital arm of Otsuka; Bridge Point Capital and Avestria also participated in the round.

New Jersey based Curio has received FDA approval for its lead product MamaLift Plus. MamaLift Plus is the women’s health first prescription digital therapeutic to receive SaMD Class2 approval. It treats postpartum depression, a complex mental health disorder affecting as many as one in seven women with a recent live birth experience.ⁱ  The FDA approved MamaLift Plus is a prescription–only digital therapeutic for patients aged 22 years and older in conjunction with clinician–managed outpatient care. It is intended to be administered over eight weeks for the treatment of mild to moderate PPD. MamaLift is underpinned by a Connected Care platform which assesses women’s risk of depression and integrates her treatment with her existing healthcare providers. This is particularly significant for providers who are required to report on levels of depression amongst their female populations.

Curio is currently working with health plans, insurers and corporate employee benefit plans in the US and India. They also work at a strategic level with pharma companies and others who seek to engage with Curio’s data and underlying connected care platform which spans post-natal depression, fertility and menopause.

The RYSE investment comes from its Special Opportunities Fund that focuses on the most promising early-stage investments globally between seed and series A. Dedicated to transforming lives through cutting edge digital solutions, the fund has an investment focus on digital diagnostics, digital therapeutics and medical devices that will help solve the challenges facing the NHS and other health and care delivery systems globally. The fund recently welcomed new investors including Future Care Capital, as a cornerstone investor, and established global endowments, family offices and sophisticated investors.

Vivien de Tusch-Lec, General Partner at RYSE said: “This financing is a significant milestone for RYSE Asset Management. As a clinically validated, fully scalable, revenue generating solution, Curio is taking a holistic approach to tackling women’s health by designing interventions that address behavioural management and physiological conditions across Women’s Life Cycle. We see a significant opportunity for Mama Lift Plus, and for the other products in the Company’s pipeline.”

Shailja Dixit, MD, MPH, MS, CEO & Founder of Curio Digital Therapeutics said: “Our goal has always been to provide innovative solutions for women’s health, specifically around the challenges they face with behavioral health. MamaLift Plus is the first and only digital solution that can help address the serious unmet need uniquely faced by women who have recently delivered, and help make a conscious shift in women’s health. We are grateful to have the backing of RYSE, and our committed new investors as we bring these products to new markets.”

ABOUT RYSE ASSET MANAGEMENT
RYSE Asset Management is a venture firm backing innovators in healthcare. RYSE was born out of  a unique relationship with the NHS to identify, support and invest in leading early-stage digital healthcare companies to help them scale globally. Based in London, the firm brings together a team of professionals from all over the world with strong scientific, medical and business expertise. RYSE has evolved to collaborate with health systems and partners globally – with private and public providers, pharmaceutical, insurance, medical device companies – to drive revenue and exit.

Through the team’s strategic partnerships with all sides of the healthcare ecosystem RYSE’s Special Opportunities Fund provides early-stage entrepreneurs with the resources and support needed to scale their ventures and make a meaningful impact in healthcare.
For more information, please visit https://www.ryseam.com/en/ and follow us on LinkedIn. 

ABOUT CURIO DIGITAL THERAPEUTICS, INC.
Curio Digital is a pioneer in developing digital therapeutics solutions and interventions across the behavioral health continuum for women throughout the cycle of life. Curio aims to create a world where every woman can access a behavioral health solution at her fingertips. Curio is reshaping maternal mental health care by leveraging proprietary algorithms, clinically validated screening tools, and personalized digital behavioral interventions to facilitate timely identification and care. Curio aspires to make women’s health products and solutions across their life cycle. MamaLift Plus is a prescription-only digital therapeutic intended to provide neurobehavioral interventions to patients 22 years of age and older, as an adjunct to clinician-managed outpatient care. Curio’s AI-driven predictive algorithm, Curio-I, identifies and risk stratifies women who would go on to develop common behavioral health conditions. For more information, visit Curio at www.curiodigitaltx.com.

ABOUT POSTPARTUM DEPRESSION
Postpartum depression is estimated to affect approximately one in seven women who have given birth in the U.S. or approximately 500,000 women annually.^{i ii} Postpartum depression (PPD) is one of the most common medical complications during and after pregnancy.ⁱⁱⁱ Clinical guidelines for treatment of postpartum depression recommend medication and cognitive behavioral therapy. However, many women may not be able to access these medications and treatments due to national shortages in mental health providers, insurance coverage, childcare challenges, transportation issues, or breastfeeding status. Hence, there is an unmet need for novel treatment modalities.

ⁱ March of Dimes. https://www.marchofdimes.org/find-support/topics/postpartum/postpartum-depression#:~:text=PPD%20is%20the%20most%20common,women%20(about%2015%20percent).
ⁱⁱ Bauman BL, et al. Morbidity and Mortality Weekly Report, 2020;69(19):575-581.X
ⁱⁱⁱ “ACOG Committee Opinion No. 757: Screening for Perinatal Depression.” Obstetrics and gynecology vol. 132, 5 (2018): e208-e212. Doi:10.1907/AOG.0000000000002927.

SOURCE RYSE Asset Management

Sierra Ventures leads round with participation from leading construction investors Brick and
Mortar Ventures and Prudence VC

SAN JOSE, Calif., Aug. 27, 2024 — Planera, a construction CPM scheduling and planning solution, today announced that it has raised $13.5 million in a Series A funding round led by Sierra Ventures, with participation from Sorenson Capital, Brick and Mortar Ventures, Prudence VC and Firebolt Ventures. The funding will enable Planera to accelerate the development and deployment of its innovative, collaborative, and visual planning tools, addressing the growing needs of general contractors (GCs), specialty subcontractors, and the wider construction sector.

Traditionally, GCs have relied on a couple of legacy software systems for managing commercial construction projects. These platforms have become outdated and miss the critical shifts to the Cloud, Lean construction methodologies, and AI advancements. They also fall short of offering collaborative features and the visual elements essential for visual thinkers in the construction industry. This has created a significant gap in the market, one that Planera is uniquely positioned to fill.

The construction project management industry is undergoing a paradigm shift similar to the IT sector’s move from Waterfall to Lean methodologies. This shift from on-premises to Cloud-based intelligent applications, multiplayer collaboration, and visual planning has set the stage for Planera’s success.

“This funding milestone brings us closer to our vision of empowering teams with the technology they need to plan, schedule, and collaborate more effectively to deliver optimal outcomes for complex construction projects,” said Nitin Bhandari, CEO and co-founder of Planera. “We’re seeing strong demand for long term as well as weekly planning tools, and we are heavily investing in more advanced features like quality checks, performance analytics and construction-specific AI to better anticipate and manage unexpected project challenges. This oversubscribed Series A funding will allow us to accelerate product development, expand sales and marketing efforts, and expand our reach within the construction industry.”

Bhandari is a serial entrepreneur with two successful exits. This is his third startup, and he is joined by CTO Erik Swenson, his co-founder from their previous venture, bringing over 15 years of collaboration experience. They are joined by Saif Lodhi who has 30+ years of construction experience.

“Planera’s innovative approach to leveraging SaaS in the construction industry is a testament to the transformative power of intelligent applications,” said Shashank Saxena, managing partner at Sierra Ventures. “The industry is ripe for disruption with the shift towards collaborative, cloud-based, and visually-driven solutions. Planera’s team has the proven expertise and vision to lead this change and deliver immense value to general contractors.”

“The construction industry can drive better project outcomes only if the entire project team participates in creating, maintaining, and optimizing project schedules and plans on an ongoing basis,” said Troy Thompson, COO at Big-D Construction, one of the construction industry’s top 50 GCs. “Planera is the only platform that has allowed us to move our teams in that direction.”

“Planera is the only company that has successfully challenged the incumbents and gained impressive early traction in the project planning software space,” said Kaustubh Pandya, Partner, Brick and Mortar. “The company’s innovative solution, customer-centric approach, and world-class team make them poised for explosive growth.”

About Planera
At Planera, we believe that when all project stakeholders collaborate to create a high-quality schedule and plan, that results in better team alignment leading to higher margins and better workplace safety. Planera is a full CPM-based scheduling and planning platform for the construction industry. With an innovative multi-level whiteboard, Planera enables all stakeholders to create, review, and optimize schedules. Planera addresses scheduling needs in all three phases: pursuit, pre-construction, and project execution. Advanced features like built-in schedule quality audit, real-time progress tracking and Monte Carlo risk simulation set Planera apart from other legacy CPM scheduling software.

Media Contacts
Christian Morley/Michael Gallo
Lumina Communications
[email protected] 

SOURCE Planera

Rally Ventures Leads Investment Round; Former Google CIO Ben Fried Joins pgEdge Board of Directors

ALEXANDRIA, Va., Aug. 27, 2024 — pgEdge, Inc., the leading company dedicated to distributed PostgreSQL, today announced a $10 million investment to accelerate its growth and further its distributed Postgres technology. The investment round is led by Rally Ventures, with additional contributions from existing investors Sands Capital Ventures and Grotech Ventures.

pgEdge remains the only fully distributed PostgreSQL database that is both open-source and entirely based on standard PostgreSQL. According to a 2024 Stack Overflow survey, PostgreSQL continues to be the number one database choice among developers. pgEdge’s unique multi-master (active-active) replication technology, which can operate across geographic regions, significantly reduces latency and ensures ultra-high availability for mission-critical applications.

In addition to the investment round, pgEdge is announcing the joining of Ben Fried, former Chief Information Office (CIO) of Google, to pgEdge’s Board of Directors. Fried brings a wealth of experience from his 14-year tenure at Google, where he oversaw the creation and deployment of technologies that power Google’s global enterprise operations. Prior to his role at Google, Fried spent over a decade at Morgan Stanley, where he was the architect of the firm’s web technology platform and led teams responsible for software development infrastructure and business intelligence.

“pgEdge is at the forefront of innovation in distributed PostgreSQL, a technology that is increasingly critical for enterprises needing ultra-high availability and reduced latency across geographic regions,” said Ben Fried, Partner at Rally Ventures. “The company’s highly experienced leadership team, with a proven track record in scaling early-stage companies, coupled with the company’s industry leading and open distributed Postgres technology, made this a compelling addition to our portfolio.”

Phillip Merrick, co-founder and CEO of pgEdge, expressed his enthusiasm for the partnership with Rally Ventures and the addition of Fried to the board: “We are pleased to welcome Rally Ventures and Ben Fried to pgEdge. Their investment and expertise will be invaluable as we continue to scale our operations. pgEdge’s strong revenue growth and the onboarding of cutting-edge SaaS and enterprise customers such as the European Parliament, Jobot, Enquire.ai, Qube RT and Kobold Metals underscore our momentum in the market.”

About Rally Ventures

Rally Ventures invests exclusively in early-stage business technology companies, focusing on entrepreneurs creating major new markets or bringing transformative approaches to existing ones. Since 1997, Rally Ventures’ partners and venture capital industry veterans have invested in or run early-stage enterprise business-to-business technology companies with a proven ability to deliver superior returns regardless of the overall market environment. For more information visit rallyventures.com.

About pgEdge

pgEdge, the leading company dedicated to distributed Postgres, has made its mission to make it easy for developers to build and deploy highly distributed database applications across the global network. Founded by industry veterans who have championed enterprise usage of the PostgreSQL database for several decades and helped run the world’s largest managed database cloud services, pgEdge is headquartered in Northern Virginia. The founders have previously founded and/or led successful companies such as webMethods (NASDAQ: WEBM), EnterpriseDB (acquired by Bain Capital), SparkPost (acquired by MessageBird), OpenSCG (acquired by AWS) and Fugue (acquired by Snyk). pgEdge investors include Rally Ventures, Sands Capital Ventures, Grotech Ventures and Sand Hill East. For more information visit www.pgedge.com.

SOURCE pgEdge

Fund V will invest in power and energy infrastructure across renewables, conventional generation, and distributed energy resources

NEW YORK, Aug. 27, 2024 — LS Power Group (“LS Power”), a leading development, investment, and operating company focused on the North American power and energy infrastructure sector, today announced the successful close of its latest fund, LS Power Equity Partners V, L.P. (“Fund V”). Fund V closed in July with total commitments of approximately $2.7 billion, exceeding its $2.5 billion target. Fund V will invest in power and energy infrastructure assets, platforms, and companies.

Paul Segal, CEO of LS Power, said, “Demand for electricity in the United States is growing at the fastest rate in decades, driven by electrification, data center proliferation, and an American manufacturing renaissance. Our portfolio of assets and businesses—which spans generation, transmission, and decarbonization solutions—is designed to ensure the reliability and affordability of electricity while accelerating the energy transition. We look forward to investing this capital to help meet the historic challenges facing the U.S. energy sector.”

Since its inception, LS Power has raised $60 billion in debt and equity capital and developed and acquired more than 47 GW and 160 power generation projects to support North American energy infrastructure. In addition, LS Power Grid has developed 16 transmission projects, including 6 utilities in operation across 5 ISO/RTOs that serve 185 million people. These projects include 780+ miles of high voltage transmission, beyond which LS Power Grid has another 350+ miles in development. 

LS Power will leverage its substantial market knowledge, extensive industry network, and significant in-house expertise to invest Fund V’s capital. To date, Fund V has invested or committed approximately $1.6 billion across renewable and gas-fired generation, renewable fuels, and green hydrogen, with an extensive pipeline of additional opportunities. Recent investments include the announced acquisition of Algonquin Power & Utilities Corp.’s North American renewable energy business, comprised of 3 GW of operating projects and an 8 GW development pipeline spanning 12 states, 4 provinces, and 5 U.S. power markets.

“Over the past thirty years, LS Power has built a platform to meet this moment in the energy transition,” said Darpan Kapadia, Chief Operating Officer of LS Power. “The success of this fundraise is a testament to our team’s deep expertise and strong track record through multiple market cycles. We are grateful to our investors, both new and long-standing, for their partnership.”

David Nanus, President of LS Power Equity Advisors, added, “The need for capital in the U.S. energy sector is immense. With Fund V, LS Power is well-positioned to continue driving growth and innovation amid this historic investment opportunity.”

Investors in Fund V include some of the world’s leading pension funds, insurance companies, sovereign wealth funds, asset managers, foundations, endowments, and family offices, among others. Many previous LS Power fund investors returned as investors for Fund V, and the firm also added new global investors. LS Power’s previous fund, Fund IV, closed with $2.25 billion of commitments.

Evercore Private Funds Group, Leader Capital Markets, and Magenta Capital Services acted as the global placement agents and Willkie Farr & Gallagher LLP served as fund counsel.

Media Contact:
Prosek Partners for LS Power | Meredith Bishop
[email protected]

About LS Power Equity Advisors

LS Power Equity Advisors, LLC is an established investment manager that has raised $13.3 billion in equity commitments across its investment partnerships.  Its focus is to make investments primarily in the power and energy infrastructure industries and related assets, platforms, and companies, utilizing LS Power’s investment, development, and management capabilities to drive value. Since LS Power Equity Advisors, LLC’s inception in 2005, its private equity investment funds have acquired over 34,000 MW of power generation capacity.

About LS Power

Founded in 1990, LS Power is a premier development, investment, and operating company focused on the North American power and energy infrastructure sector, with leading platforms across generation, transmission and energy transition solutions. Since inception, LS Power has developed or acquired 47,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Additionally, LS Power Grid has built 780+ miles of high-voltage transmission, with 350+ miles and multiple grid infrastructure projects currently under construction or development. LS Power actively invests in and scales businesses that are accelerating the energy transition, including electric vehicle charging, demand response, distributed energy resources, renewable fuels and other essential energy infrastructure. Over the years, LS Power has raised $60 billion in debt and equity capital to support North American infrastructure. For information, please visit www.LSPower.com.

SOURCE LS Power

PASADENA, Calif., Aug. 27, 2024 — Linker Finance, a platform that empowers community banks to take back control of their digital banking experience through a secure and holistic mobile and online digital banking platform, has successfully raised $3.7m in seed financing. The round is led by Ten One Ten Ventures and Chingona Ventures.

Additional participants included investments from Audaz Capital, Techstars, Commerce Ventures, Bank of Brodhead, and Angeles Investors, with support from angel investors including Edrizio de la Cruz, Ahmed Mirza, Michael Olson, and Roberto Medrano.

Jorge Garcia founded Linker Finance after experiencing firsthand the challenges of using community banks’ digital banking services while expanding one of his ventures. Despite the critical role community banks play in the U.S. economy — funding 80% of agriculture and 60% of small businesses — they struggle to compete with larger financial institutions and fintech companies in the technology aspect.

“Community banks are fundamental to the U.S. economy. Linker Finance brings neobank technology and customer experience to community banks by helping them build a reimagined digital banking platform for their end customers. We have high conviction in Jorge Garcia as the Company’s CEO given his background as an experienced founder and his passion for financial innovation,” said Samara Hernandez, Founding Partner of Chingona Ventures.

With the new funding, Linker Finance is strategically planning to invest in product development, strategic team growth, and business development initiatives. This investment will drive its expansion and introduce new product features specifically designed for Business and Commercial Banking by Q3 2025.

“I back passionate founders, like Linker Finance’s, who are addressing critical issues in our communities, our country, and our planet.  When we invest our capital and resources, we join them not only for three (3) months but for their company’s entire journey,” said Matt Kozlov, Managing Director of Techstars LA, Techstars Healthcare, and Techstars Space.

“My personal experience has shown me how essential community banks are to the U.S. economy. Our mission at Linker Finance is to transform their strong, real-world relationships into exceptional digital customer experiences. By empowering Community Banks to thrive on digital platforms, we can help their small businesses flourish and, in turn, boost the American economy.”

“The successful funding round sets the stage for Linker Finance to continue its growth trajectory, build the Business Banking Features and no-code tools, and solidify its position while shaping the future of digital banking solutions for community banks. With a strong focus on innovation and customer-centric solutions, Linker Finance is well-positioned to have a lasting impact on the financial industry,” said Jorge Garcia.

Media Contact;
Jorge Garcia, [email protected], linkerfinance.com

SOURCE Linker Finance

MCLEAN, Va., Aug. 26, 2024 — V2X, Inc. (NYSE: VVX) announces that it has been awarded a single award indefinite-delivery/indefinite-quantity contract valued at $747 million. The F-5 aircraft play a crucial role in training naval pilots by providing adversary combat tactics and simulation capabilities. This advanced training environment ensures that pilots are well-prepared for real-world scenarios, enhancing their combat readiness and proficiency. The use of F-5s in an aggressor-training role contributes significantly to the overall readiness of our armed forces, ensuring they are equipped with the skills and experience needed to protect the nation effectively.

This contract underscores V2X’s commitment to supporting our nation’s military readiness and ensuring the sustainability of these essential assets.

“We are honored to have been selected for this critical endeavor, further solidifying our dedication to providing industry leading support for our nation’s defense,” said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. “We look forward to leveraging our expertise and capabilities to ensure the operational excellence of the F-5 aircraft and, by extension, the readiness of the U.S. Navy and Marine Corps.”

V2X will be responsible for delivering critical support and operational readiness of the F-5 Adversary aircraft. The work will encompass multiple locations across the United States.

Under this firm-fixed price contract, the comprehensive scope of services is projected to continue through November 2028 on the base contract, with three one-year options that could extend through November 2031, bringing the overall contract value to more than $747 million.

About V2X

V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.

Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
[email protected]
571-338-5195

Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
[email protected]
719-637-5773

SOURCE V2X, Inc.

CHICAGO, Ill., Aug. 23, 2024 — One of the leading holdings of the MarTech industry – Mitgo Group – decided to deepen its focus on development and implementation of AI solutions in its MarTech and affiliate businesses. The first tranche of investments has been already received by Spanish startup studio AILABIKA.

“No reports or expert advice can replace personal experience. AI today is a buzzword, in which some see the coming revolution of the Internet, and others – the foreshadow of another inflating bubble. But for us, it is first and foremost a practical set of tools that can boost progress in our niches – MarTech, AdTech, Affiliate marketing. This is the reason for our investment and close cooperation with AILABIKA. We have already seen the first results: the indicators of our understanding of AI and its application have almost doubled,” says Max Volokhov, CEO of Mitgo Ventures.

Mitgo has known the AILABIKA team for 8 years. Mitgo’s venture fund invested in one of the first startups of AILABIKA’s CEO Kyrylo Kravchenko. The project developed quickly and successfully reached the exit stage. Subsequently, Kyrylo launched a number of other projects and continued to maintain close ties with Mitgo. He has over 20 years of experience in the IT industry and over 14 years of entrepreneurial experience, as well as a Ph.D. in theoretical physics. Kyrylo has successfully launched over 300 web projects and acted as a founder and co-founder in dozens of startups.

In the fall of 2023, he founded AILABIKA, which focuses on business idea validation, AI consulting and the creation of startups using artificial intelligence technologies. The company embodies a symbiosis of an R&D center and a startup studio. Its team is currently working on a number of projects in the MarTech and AdTech industries. For Mitgo, it will become a bank of expertise in AI and an additional R&D center.

“We have an ambitious goal for the coming year – to launch at least 2 AI-based projects with ARR of at least $10 million in the first year. I am confident in the development and growth of the AI market, and the emergence of artificial general intelligence (AGI) in the near future. The development of AI will radically change the entire sphere of consumption and penetrate almost all spheres of human life, even the most fundamental ones – like family and social relations”,  shares Kyrylo Kravchenko.

Logo – https://mma.prnewswire.com/media/2435899/4874734/Mitgo_Logo.jpg

SOURCE Mitgo

Jumpex Crypto Exchange announces a 100 million dollar investment from Jumpex Capital and will debut as a sponsor at TOKEN2049 in Singapore on September 18-19

SINGAPORE, Aug. 23, 2024 — Jumpex—a leading emerging Crypto Exchange, is proud to announce a significant milestone in its journey. The platform has secured a multi-million-dollar investment from Jumpex Capital, a renowned investment firm known for backing innovative and forward-thinking projects in the financial and technological sectors. This partnership is a positive milestone for Jumpex.com, and we are excited to make our debut as a sponsor at the highly anticipated TOKEN2049 event in Singapore on September 18-19, 2024. 

As the digital finance landscape continues to evolve rapidly, the need for secure, transparent, and user-friendly platforms becomes paramount. The collaboration between Jumpex Crypto Exchange and Jumpex Capital is more than just an investment; it is a strategic partnership aimed at shaping the future of the financial ecosystem. This partnership aims to empower users to explore the future of finance and transition smoothly into the Web3 era, which has the potential to transform how we interact with digital assets.

The cryptocurrency market has seen a significant rise in the popularity of derivatives trading platforms, which offer traders diverse financial instruments to hedge risks, speculate on price movements, and leverage their positions. Jumpex Crypto Exchange will  lead this trend by offering up to 1077x leverage and a zero-fee policy on all spot trading. Our platform caters to both novice and experienced traders, providing them with the tools they need to maximise their trading potential and navigate the complexities of the crypto market effectively.

Jumpex Crypto Exchange Offline Debut—Jumpex.com’s Strategic Move

Jumpex Crypto Exchange is proud to make its debut in Singapore as a sponsor. The event, held in Singapore, attracts visionaries, thought leaders, and enthusiasts from around the world. It presents a unique opportunity for Jumpex.com to showcase its cutting-edge platform and engage directly with the community it serves, fostering deeper user engagement and expanding the platform’s influence within the crypto community.

As a sponsor, Jumpex Crypto Exchange will have a prominent presence at the event, with a booth located on the 4th floor at P143. We will also be offering refreshments and a custom engraving service. Attendees will have the chance to interact with the Jumpex Crypto Exchange team, learn about our latest features and products, and explore potential partnerships.

Innovations and Offerings by Jumpex Crypto Exchange

Through its collaboration with Jumpex Capital, Jumpex Crypto Exchange will drive further innovation in the derivatives market by introducing new products that meet the evolving needs of its users. Jumpex commitment to advancement is demonstrated by our offerings, which include up to 1077x leverage, zero-fee spot trading, over 300 spot trading pairs, and the innovative Copy Trade feature. This feature allows users to replicate the trading strategies of experienced traders, making sophisticated trading strategies accessible to everyone. These features equip traders with the essential tools to effectively navigate the complexities of the cryptocurrency market and optimize their potential returns.

About Jumpex Capital

Jumpex Capital is a prominent venture fund led by experienced industry veterans. Investment philosophy emphasizes creating sustainable value through diverse strategies and robust support. Jumpex Capital invests in projects at various stages, including seed and growth, and has backed over 10 cryptocurrency projects, including the Jumpex Cryptocurrency Exchange.

About Jumpex.com

Jumpex Crypto Exchange is an emerging cryptocurrency exchange that is committed to providing users with a secure, efficient, and innovative trading experience. Renowned for its relentless innovation and long-term value proposition, offering traders leverage up to 1077x and zero-fee spot trading. Dedicated to delivering the highest value, ensuring a seamless and secure experience that empowers users to achieve their financial goals. 

Social media: X (Twitter): @jumpextrading  @JumpexCapital
Learn More: Jumpex.com

SOURCE Jumpex

The raise comes on the heels of the company’s explosive growth growing to 1M builds per month, 3k users, and 1.8k organizations.

PORTLAND, Ore., Aug. 22, 2024 — Depot, the fast-growing build acceleration platform, announced today $4.1M in Seed funding led by Felicis. Y Combinator, Aviso Ventures, Tokyo Black, and several angels also participated in the round. The company has seen explosive growth since over the past 12 months growing to over 1,000,000 builds per month helping over 3,000 users across 1,800+ organizations. The company is now accelerating software development for hundreds of companies including PostHog, Wistia, and Semgrep.

Customers accelerate their build processes leveraging the Depot build platform that supports native CPUs, instant cache sharing, and performance-tuned build runners. Saving customers on average 13,750 build hours per week. The investment will support the company’s expansion of its offering into other build inputs that the Depot platform can further accelerate.

“Builds are the linchpin of software development. All software must be built to run and test code locally,” said Kyle Galbraith, CEO and co-founder of Depot. “Likewise, developers need to build again in a continuous integration environment before testing and deploying to production. Depot accelerates builds in both environments to make the iteration cycle faster for developers everywhere.”

Building software is still wildly inefficient and painfully slow today. Continuous integration providers and traditional build tools have long struggled to address a common pain point for developers: slow build performance. Legacy companies’ focusing on the wrong abstractions has led to inefficient software development processes and increased developer frustration. This inefficiency not only slows down product development but also hampers the speed at which businesses can innovate.

Depot, however, has positioned itself as the solution, fundamentally changing how software is built by providing secure, fast, and intelligent build tools and services that save developers around 13,500 hours of build time per week.

“All software development relies on being able to efficiently build as quickly as possible across both locally and continuous integration environments,” said Jake Storm, Partner at Felicis. “Depot is scaling the build acceleration platform that will revolutionize developer productivity in all environments.”

This news comes on the heels of the company breaking 1,000,000 builds a month and launching its third product, Depot GitHub Actions Runners—a major step forward in Depot’s mission to exponentially accelerate software builds for developers everywhere.

Learn more about Depot at depot.dev

About Depot
Depot helps organizations make their software development cycles up to 40x faster. Engineers use Depot to accelerate their container image and continuous integration builds to save days of build time per week. Fast-growing companies like PostHog, Wistia, and Semgrep use Depot to innovate faster. For more, visit depot.dev.

About Felicis
Founded in 2006, Felicis is a venture capital firm investing in companies reinventing core markets, as well as those creating frontier technologies. The firm was the first to offer a Founder Development pledge, providing needed resources to help founders scale themselves. Felicis focuses on early-stage investments and currently manages over $3B in capital across nine funds. The firm is an early backer of more than 49 companies valued at $1B+. More than 100 of its portfolio companies have been acquired or gone public, including Adyen, Credit Karma, Cruise, Fitbit, Guardant Health, Meraki, Ring, and Shopify. The firm is based in Menlo Park and San Francisco in California. Learn more at felicis.com.

Media Contact 
Name: Kelsey Cullen
Email: [email protected]
Phone: +1 650 438 1063

SOURCE Depot Technologies Inc.