DENVER, Dec. 14, 2023 — Bayswater Exploration & Production (Bayswater) is pleased to announce the unanimous approval of its Opal Coalbank Oil and Gas Development Plan (OGDP) by the Colorado Energy & Carbon Management Commission (ECMC), formerly known as the Colorado Oil and Gas Conservation Commission (COGCC).

“We are delighted with the unanimous approval of the Opal Coalbank OGDP, and that Bayswater continues to demonstrate our ability to responsibly develop oil and natural gas under stringent Colorado rules,” said Steve Struna, Bayswater President and CEO.

The Commission was complimentary of Bayswater’s thorough OGDP application, highlighting the commitments to additional BMPs, and timing stipulations to ensure compliance with Colorado Parks & Wildlife’s (CPW) high priority habitat policies. “I appreciate that there was a [wildlife] consultation that occurred and that timing stipulations were agreed to as part of that consultation with CPW,” said Commissioner Messner.

Commissioner Cross also echoed praise, stating, “I appreciate the time that was spent on this plan and the steps that you’ve taken not just in coming back, but with the BMPs that were proposed from the beginning.”

The Commission unanimously approved the Opal Coalbank OGDP application with several additional commitments made by Bayswater during the hearing, including but not limited to electrifying all production equipment on the facility, agreeing to timing stipulations for CPW compliance, and utilizing Tier IV or equivalent engines for 95 percent of completion activities and 90 percent of production activities.  

“We appreciate the ECMC and their continued commitment to high standards for oversight, ensuring Colorado remains the national model for responsible oil and natural gas production,” said Struna. “The Opal Coalbank OGDP approval is the second application we have successfully completed through the permitting process in 2023, with the first approval occurring in June 2023. We remain hopeful the new permitting process can be further streamlined to allow shorter and more predictable permitting cycle times to encourage more responsible operators to invest in Colorado.”

The approved Opal Coalbank Development is planned for 24 new horizontal wells located in unincorporated Weld County, Colo. This is Bayswater’s fifth OGDP application approved by the Commission since Colorado’s new regulatory framework was implemented. These five approved Bayswater permits encompass a total of 115 planned horizontal wells in the Denver Julesberg (DJ) Basin, and the totality of Bayswater’s Fund IV operations. Bayswater expects to commence drilling operations on the Opal Coalbank location as early as September 2024.

Bayswater is a private oil and natural gas exploration and development company employing multiple Best Management Practices focused on emission reductions and committed to responsible energy development and the belief that the development of oil and natural gas resources and the stewardship of a pristine, sustainable environment are not mutually exclusive. To learn more, visit https://bayswater.us/.

Media contacts:
Steve Struna | President & CEO | 303.893.2503
Mark Truax | Communications | 720.724.0298 |  [email protected]

SOURCE Bayswater Exploration & Production, LLC

VANCOUVER, BC, Dec. 14, 2023 – Inverted AI, a world-class generative AI company for AV/ADAS development, is pleased to announce it has secured over $4 million USD in institutional early stage financing, led by Yaletown Partners, and including strategic investors such as Blue Titan Ventures, Dasein Capital, Inovia Capital, Defined, and WUTIF.

The funding enables Inverted AI to further accelerate and expand its product offerings, including those based on its leading ITRA (Imagining the Road Ahead) technology, as the leader in providing behavioral models accelerating safe commercial deployment of autonomous solutions including advanced ADAS, autonomous vehicles and robots, and a full range of realistic, simulation-based systems. ITRA enables longer and more complex simulation scenarios that can be used to test the ADAS/AV system against the full range of behaviors displayed by the human road users around it. Our technology helps ensure the safety of ADAS and AV systems while significantly reducing development costs and time by enabling a full range of diverse and realistic testing scenarios.

“Inverted AI’s predictive human behavioral models are designed to bring the most realistic behavior to simulation based on massive quantities of video data, that result in simulations with reactive, diverse, and realistic NPCs across vehicle classes and pedestrians.” said Frank Wood, CEO of Inverted AI. “We’re grateful for Yaletown Partners leadership and technology expertise – and ability to help us scale.” Yaletown has invested in 75+ technology-driven companies across North America, developing a strong roster of portfolio companies, and has a total enterprise value exposure that exceeds $10Bn. “The opportunity of generative AI to advance adaptive systems and accelerate the convergence of simulation and real-world applications, in our view, is one of the great thematic changes underway. Inverted AI is an extraordinary team that has created the world’s leading foundational models in generative AI for human behavior with the potential to unlock significant value in all areas of autonomy,” observed Eric Bukovinsky, Partner at Yaletown Partners.

Inverted AI currently offers API access to DRIVE, with our leading human-like non-playable character (NPCs) driving behaviors that are diverse, realistic, and reactive and INITIALIZE, with realistic and diverse agent placements. The company has begun beta testing new products including BLAME, which can automatically determine which agent(s) caused a collision and why from logs to efficiently validate simulations, and SCENARIO, enabling whole-scene scenario generation with realistic, reactive, and diverse agents inc. pedestrians, bikes, cars, buses, and lights. The company recently launched a new site with an interactive demo of the API and the ability for researchers and developers to sign-up for a trial API key.

About Inverted AI

Inverted AI does generative AI for human behavior. Our mission is to build AI agents that behave like humans. Inverted AI provides world class predictive human behavioral models that are learned from massive quantities of video data. We use proprietary techniques to transfer these models into simulated environments where we use them to drive human-like NPCs that are statistically accurate in terms of reactivity, realism, and diversity. Inverted AI accelerates autonomous and ADAS development and brings the unique power and expertise of artificial intelligence and computer vision, taking off years from the development process. For further information, visit https://www.inverted.ai

About Yaletown Partners

Yaletown Partners is a leading Canadian venture capital fund manager that invests in the technologies digitally transforming traditional industries by prioritizing climate-resilient growth. Backed by leading institutional investors, including pension funds, and a network of successful technology entrepreneurs, Yaletown has offices in Vancouver, Calgary, Edmonton, Toronto, Montréal, and San Francisco. For more information, please visit https://www.yaletown.com/.

Press Contact: 
Inverted AI – Robert Chang, [email protected], +1 917-410-0375 
Yaletown Partners – Sophie Gupta, [email protected], +1 514-574-6964

SOURCE Inverted AI

NEW YORK, Dec. 14, 2023 — Dalmore Group, the leading crowdfunding platform for Reg A and CF offerings, has launched an API allowing issuers the potential to accelerate their Reg A or CF capital raising process at lower costs. The aptly named Dalmore Connect provides full-access to Dalmore’s workflows, proven processes and approved vendors to give issuers a compliant blueprint for a capital raise.

“Dalmore connect marks an important milestone in our mission to empower entrepreneurs and early stage companies to succeed,” said Dalmore Group Chairman Etan Butler. “Companies can now build on top of our award-winning tech stack and proven processes to accelerate their offering with unprecedented support.”

The Dalmore Connect API brings Dalmore’s two decades of insights, strategy and resources in raising capital in an all-access framework from Dalmore’s vetted vendors. This includes:

• Built-in Compliance and KYC/AML
• Seamless Payment Processing
• Compliance Trade Approval
• Pre-built Analytics Platform
• Easy-to-use Documentation

Dalmore Connect enables companies to design and build a customized capital raise for Reg A or CF with expert support and guidance from the Dalmore team, which has facilitated more than 50% of all Reg A raises in the U.S. market.

Learn more about Dalmore Connect at: https://dalmoregroup.com/api/

About Dalmore Group

Dalmore Group is the preeminent broker-dealer specializing in Reg A, CF and D financing. The Dalmore platform, which helps companies raise capital online at scale, has helped more than 1,000 companies raise a total of over $1B in capital. Learn more about how Dalmore Group is leading the way for primary issuance and secondary market trading of private securities at dalmorefg.com and keep up to date on the latest company news with Dalmore Group’s LinkedIn, Facebook, and Twitter accounts.

SOURCE Dalmore Group

MEXICO CITY, Dec. 14, 2023 — Kapital, a global bank and tech platform, announced today that it has closed an oversubscribed $40 million Series B equity financing round and $125 million debt raise. Tribe Capital led the Series B, with participation from Cervin Ventures, Tru Arrow, MS&AD Ventures, Alumni Ventures among others.

Since announcing a $23 million Series A funding round and $45 million debt facility in May 2023, Kapital has continued to grow rapidly, fueled by its acquisition of Banco Autofin Mexico S.A. in September 2023. With these developments, Kapital is building a vertically integrated tech platform stretching beyond its current reach of loans, credit cards, invoicing and expense management – into payroll and benefits services, as well as treasury accounts.

Kapital leverages data and artificial intelligence (AI) to provide SMEs with sophisticated enterprise technology that rivals what is typically only available for large corporations via ERPs. With a Kapital account, SMEs can see and manage their business cash flows in real-time dashboards.

Kapital will use the funds to invest further in its R&D and tech platform to strengthen its cross-border offering and grow its product suite to provide insights for its customers. For example, it is using predictive analytics to benchmark how these businesses can improve margins by selecting different vendors. Kapital already uses AI to underwrite loans to SMEs. SMEs represent 90% of businesses worldwide per the World Bank1, yet in Mexico they represent only 10.5% of the total bank credit available for businesses (OECD2).

“Our recent funding round will propel us forward as we embark on an exciting expansion across Latin America and beyond. Over 80,000 customers already entrust us with the financial health of their businesses, and we are introducing more AI-driven products while pushing into new markets,” said Rene Saul, Kapital’s CEO and Co-Founder. “We are grateful for the confidence our customers and our investors have shown in us, and we are excited for Kapital’s bright future ahead.”

“Kapital is punching way above its weight,” said Arjun Sethi, Chairman and CIO at Tribe Capital. “So many financial platforms raise billions before achieving this level of success: They’ve not only achieved venture-scale growth in a fraction of the time, but they’ve also done so profitably. And they’re just getting started: Kapital is in Latin America today, but the potential of the platform and the company’s growth aspirations are very much global. I can’t wait to see them grow from $100 million run rate revenue to $1 billion of revenue over the coming years.”

About Kapital
Kapital is a global bank and tech platform that is leveraging AI to disrupt the way that small and medium size enterprises operate. Today it serves 80,000 clients in Mexico, Colombia and Peru, bringing them best-in-class enterprise tech that is typically available only to large companies, at a fraction of the cost. Kapital’s vertically-integrated platform gives SMEs real-time visibility into their business operations and cash flows, while empowering seamless management of loans, payroll, benefits and invoicing. Learn more at https://www.kapital.mx/

¹ World Bank SME Finance
² 30. Mexico | Financing SMEs and Entrepreneurs 2022 : An OECD Scoreboard | OECD iLibrary (oecd-ilibrary.org)

SOURCE Kapital

CIUDAD DE MÉXICO, 14 de diciembre de 2023 — Kapital, un banco global y plataforma de tecnología, anunció hoy que cerró una ronda de financiamiento de capital Serie B de 40 millones de dólares, la cual fue sobre suscrita, y una recaudación de deuda de 125 millones de dólares. Tribe Capital lideró la Serie B que contaba con la participación de Cervin Ventures, Tru Arrow, MS&AD Ventures y Alumni Ventures, entre otros.

Desde que anunció una ronda de financiación Serie A de 23 millones de dólares y una línea de crédito de 45 millones de dólares en mayo de 2023, Kapital ha crecido rápidamente, impulsado por su adquisición de Banco Autofin México S.A., en septiembre de 2023. Con estos avances, Kapital está construyendo una plataforma tecnológica verticalmente integrada que se extiende más allá de su actual alcance de préstamos, tarjetas de crédito, facturación y gestión de gastos, hacia servicios de nómina y beneficios, así como cuentas de tesorería.

Kapital se apalanca de los datos y la inteligencia artificial (IA) para ofrecer a las pymes tecnología empresarial sofisticada, comparable a la que normalmente solo está disponible para grandes corporaciones a través de las plataformas de gastos e ingresos (ERP por sus signas en inglés). Con una cuenta de Kapital, las pymes pueden ver y gestionar sus flujos de caja en tiempo real mediante paneles de control.

Kapital utilizará los fondos para invertir más en investigación y desarrollo (I+D), y en su plataforma tecnológica, con el fin de fortalecer su oferta transfronteriza y ampliar su gama de productos para proporcionar un mejor análisis de datos a sus clientes. Por ejemplo, utiliza análisis predictivo para establecer comparaciones y mostrar cómo estos negocios pueden mejorar sus márgenes al elegir diferentes proveedores. Kapital ya emplea la IA para otorgar préstamos a las pymes. Las pymes representan el 90% de las empresas a nivel mundial, según el Banco Mundial1, sin embargo, en México solo representan el 10.5% del crédito bancario total disponible para negocios (OCDE)2.

“Nuestra reciente ronda de financiamiento nos impulsará hacia adelante mientras nos embarcamos en una emocionante expansión por América Latina y más allá. Más de 80,000 clientes confían en nosotros para la salud financiera de sus negocios, y estamos introduciendo más productos impulsados por la inteligencia artificial mientras entramos en nuevos mercados,” dijo René Saul, Director General y Co-Fundador de Kapital. “Estamos agradecidos por la confianza que nuestros clientes e inversores han depositado en nosotros, y estamos emocionados por el brillante futuro que le espera a Kapital.”

“Kapital está superando ampliamente sus propias capacidades”, dijo Arjun Sethi, Presidente y Director de Inversiones en Tribe Capital. “Muchas plataformas financieras recaudan miles de millones antes de alcanzar este nivel de éxito, no solo han logrado un crecimiento a escala de empresa apoyada por el capital de riesgo en una fracción del tiempo, sino que también lo han hecho de manera rentable. Y esto es solo el comienzo, Kapital está operando en América Latina hoy, pero el potencial de la plataforma y las aspiraciones de crecimiento de la empresa son verdaderamente globales. Estoy emocionado por verlos crecer de un ingreso de $100 millones a $1,000 millones en los próximos años.”

Sobre Kapital Bank
Kapital es un banco global y una plataforma tecnológica que utiliza la inteligencia artificial para modificar la forma en que operan las pequeñas y medianas empresas. Hoy en día atiende a 80,000 clientes en México, Colombia y Perú, ofreciéndoles tecnología empresarial de primera clase que normalmente solo está disponible para grandes compañías, pero a una fracción del costo. La plataforma integrada verticalmente de Kapital proporciona a las pymes visibilidad en tiempo real sobre sus operaciones comerciales y flujos de efectivo, al mismo tiempo que facilita la gestión eficiente de préstamos, nóminas, beneficios y facturación.

FUENTE Kapital

Spatial engineering startup raised $6.8M to-date to position itself for wave of commercial deployments with major brands and venues

LOS ANGELES, Dec. 14, 2023 — Rypplzz, creators of Interlife®, a multi-patented geo-location platform, today announced that it has raised $3 million in seed funding, led by sports technology investment firm KB Partners, with participation from Triptyq Capital. The funding round brings the company’s total capital raised to $6.8 million.

To keep up with demand, Rypplzz will use the funding to further scale its product and grow its team, with a particular focus on hiring more technical staff. As the company moves into the commercialization phase, it is gearing up for a wave of new deployments. In the past year, Rypplzz has run several successful pilot programs, enhanced its technology, and has formed strategic alliances with some of the key players in its target industry. Rypplzz also collaborated with music artist Grimes, who leveraged the technology to host the first-ever Augmented Reality Art Rave at the Ultra Music Festival in Miami.

“The technology industry is fiercely competitive, so for Rypplzz to garner this level of interest from investors, partners, and customers at this stage is a testament to the value we’re creating and the void we’re filling in the market,” said Josh Pendrick, CEO of Rypplzz. “We have an ambitious vision for the future of spatial technology, and we look forward to expanding our team to continue meeting demands and further evolving our capabilities. Rypplzz is entering a critical phase in its journey, and we’re confident that we’ll rise to the occasion.”

To date, Rypplzz has cultivated impressive partnerships with notable brands and venues such as the 27-acre Tucson Convention Center, Cisco Sports Media Group, SkyPath Security, Inc.™ with its Mobile Defense Platform™ and a major US sports league. By turning airspace into monetizable engagement opportunities, Rypplzz’s technology is powering groundbreaking AR-based fan experiences, precise wayfinding and traffic analytics, geotargeting and a host of tech-enabled crowd management capabilities.

“The lines between spectators and participants are blurring in sports, demanding a paradigm shift in how sports properties and brands connect with fans,” said Keith Bank, Founder and CEO, KB Partners. “Rypplzz clearly sees this transformation taking shape, and it’s pioneering a future where fan engagement is seamlessly interwoven into the fabric of the sporting experience, both physical and digital. Its cutting-edge geolocation platform serves as the backbone of this revolution, enabling a level of personalization and immersivity that was once unimaginable. With an unwavering commitment to innovation and a proven track record, we are confident that Rypplzz will redefine the boundaries of fan engagement and set a new standard that all will follow.”

GPS’ precision has traditionally been limited to about 10-20 feet of accuracy. Rypplzz has created an algorithm to use radio frequency to track devices down to six-inch accuracy in three dimensions. The platform enables the ability to program digital files to the precise three-dimensional coordinates of airspace and those digital files can interact with phones and other types of internet-connected devices.

“Triptyq Capital is thrilled to support the audacious visionaries behind Rypplzz. Their groundbreaking positioning technology has the potential to catalyze the next generation of mobile and 3D revolution on the internet,” said Bertrand Nepveu, Co-Founding Partner at Triptyq Capital. “At the dynamic intersection of the physical and digital realms, a robust infrastructure is paramount. Rypplzz’s innovation not only tackles the challenges of latency and performance optimization in high-density environments, but also pioneers transformative experiences in media, entertainment, and sports. By unlocking the potential of spatial computing and the internet of things, Rypplzz is not just addressing hurdles; it’s shaping the future of immersive connectivity.”

For more information about Rypplzz, please visit: https://rypplzz.com/

About Rypplzz

Rypplzz revolutionizes the connection between the digital and physical world with its patented spatial OS. By pinpointing device locations with an accuracy of 6 inches (including altitude), Rypplzz surpasses GPS’s 10 to 20 feet precision. Moreover, it allows for the programming of digital files to precise coordinates in the real world, making the surrounding air “intelligent.” This versatile platform provides substantial benefits across all verticals, and it already has traction in sports, entertainment, security, AR/VR, and retail. As precise geolocation continues to gain importance, Rypplzz’s patent portfolio continues to appreciate, positioning it as a frontrunner.

Media Contact: 
Lee Regal
[email protected] 

SOURCE Rypplzz

Preclinical biotechnology company initially focusing on therapeutic drug development to promote remyelination in Multiple Sclerosis 

OKLAHOMA CITY, Dec. 14, 2023 — Cadenza Bio, Inc. (Cadenza), a privately-held biotechnology company focused on developing novel small molecule compounds for demyelinating and inflammatory diseases, has announced the initial closing of an oversubscribed $2.44M Series Seed financing. Plains Ventures led the financing, with participation from the Oklahoma Life Science Fund, Cortado Ventures, Boyd Street Ventures, and Illinois Ventures. The financing supports non-clinical safety and toxicology studies to advance Cadenza’s lead development candidate, CAD-1, for treatment of Multiple Sclerosis (MS), and additionally provides funds to develop secondary indication(s).

Launched in 2022 through a partnership between SmartHealth Catalyzer in Chicago and Ascend BioVentures in Oklahoma City, Cadenza Bio holds an exclusive license to technology developed through an academic research collaboration between Dr. John Katzenellenbogen of the University of Illinois Urbana-Champaign (UIUC) and Dr. Seema Tiwari-Woodruff of the University of California, Riverside (UCR) and funded, in part, by the National Multiple Sclerosis Society’s Fast Forward commercial research program.

MS is a potentially debilitating disease where the immune system attacks and removes the protective myelin layer covering on nerve fibers in the brain and spinal cord, thereby inhibiting communication between the brain and the body and also causing nerve loss. This leads to a range of symptoms including fatigue, visual disturbances, muscle rigidity and spasms, mobility challenges, and pain. Current approved drugs for MS focus on dampening the immune attack to reduce disease recurrences, however, these treatments do not prevent deterioration of the nerves, nor do they repair ongoing damage. 

Drs. Katzenellenbogen and Tiwari-Woodruff discovered and, through UIUC and UCR, patented a novel series of potent and selective Estrogen Receptor β targeted compounds that uniquely impart beneficial neuroprotective and immunomodulatory effects. Therapeutic administration of these compounds results in the reversal of symptoms and functional motor improvement in animal models of MS, offering great potential to halt progression, promote repair, and restore function.

“We proudly support Cadenza’s efforts to dramatically improve the lives of patients suffering from demyelinating disease. Our conviction in Cadenza is multifaceted; CAD-1 is an elegant solution to a primary market need, there are strong opportunities for secondary indications in the future, and the company has assembled an extraordinary team of women to lead the way,” said Plains Ventures President and Managing Director, Justin Wilson.

“My co-founder Dr. Elaine Hamm and I are thrilled to have this strong syndicate of early investors supporting Cadenza’s drug development program,” said Dr. Carol Curtis, Chief Executive Officer of Cadenza Bio. “Our goal goes beyond incremental improvements. We are dedicated to breaking the cycle of disease and, in doing so, transforming lives. We aim not only to alleviate symptoms but to halt progression, promote repair and restore quality of life to enable full activity, empowering patients to regain control over their health.”

About Cadenza Bio, Inc.
Cadenza Bio, Inc. was founded in 2022 to accelerate and support the development of a series of novel, and highly selective Estrogen Receptor β (ERβ) targeting small-molecule compounds. We are dedicated to advancing therapeutic drugs that will make a meaningful impact in the lives of patients suffering from debilitating diseases. For more information please visit www.cadenza.bio

SOURCE Cadenza Bio, Inc.

Accelerating growth in serving global clients including the West and China amidst geopolitical tensions

SINGAPORE, Dec. 14, 2023 — ProfilePrint Pte. Ltd., a Singapore-based technology company effecting significant changes in the agrifood industry, has announced the successful conclusion of its Series B funding round. The round was led by Tai Partners and participated by four of its existing shareholders, showcasing a strong vote of confidence in ProfilePrint’s AI-driven ingredient quality platform, underpinned by its patented digital food Identity-as-a-Service (IDaaS) technology.

This infusion of capital marks a significant milestone for ProfilePrint, catapulting the company into a position of enhanced capability and influence. The funds raised will propel the continued expansion of ProfilePrint’s mission to revolutionise the onerous processes within the agrifood sector through the transformative power of artificial intelligence. Presently deployed in nearly 50 locations, across 6 continents globally, ProfilePrint’s platform is already making waves.

One example in the space of coffee is ProfilePrint’s rapid growth in East Africa. Cotacof, a leading Tanzanian coffee exporter, has benefited from ProfilePrint’s solutions since early 2022. They experience significant efficiency gains with ProfilePrint – by acquiring digital fingerprints of green coffee bean samples in less than two minutes, and generating AI-powered assessment reports within seconds. This streamlined process empowers the team to swiftly identify specialty-grade coffee for export, especially during the Tanzania Coffee Board’s weekly auctions. “Much appreciation to our management for introducing this technology and supporting us to achieve ProfilePrint’s Al-driven profiling. Its patented food fingerprinting technology provides users an accessible, affordable, and portable methodology to predict outcomes at the point of use, within seconds. I am happy to be part of the project, it has been an amazing experience for me.” shares Kudrath Majid, the Quality Assurance Supervisor of Cotacof.

LOOKING AHEAD: INNOVATION UNVEILED

Beyond coffee, ProfilePrint has rapidly moved into other verticals such as cocoa, tea, juices and edible oils, and will be launching its latest flagship feature, Verify, a groundbreaking addition to its platform designed to serve different verticals. This innovative tool enables clients to seamlessly send digitalised sample reports through the ProfilePrint Platform. This feature facilitates instant viewing and approval of sample quality, eliminating the cumbersome process of sending physical pre-shipment samples for evaluation. This enhances efficiency, and results in significant time and cost savings for all parties involved.

“We are deeply impressed by what the ProfilePrint team has accomplished in such a short period of time,” expressed Zhang Haitao, the founding partner of Tai Partners. “As the world’s leading AI-driven ingredient quality platform, ProfilePrint is playing a crucial role in transforming the entire agrifood industry through the use of AI technology. We are proud to be partnering with ProfilePrint to support its continued growth both in the West and China.”

GLOBAL EXPANSION AND NETWORKING

This latest investment solidifies ProfilePrint’s market leadership, positioning the company for further market penetration in existing regions. Evolving from a local standalone ingredient profiler, ProfilePrint is set to metamorphose into a globally networked ingredient quality platform. The upcoming Partners module will enable companies to connect seamlessly on the ProfilePrint Platform, forming online partnerships that transcend geographical boundaries. ProfilePrint believes that this network-enabled collaboration will elevate the sourcing and transacting processes to unprecedented levels.

Alan Lai, Founder and CEO of ProfilePrint, remarked, “Against the backdrop of escalating geopolitical tensions, ProfilePrint stays true to its fundamental mission of enhancing the buying and selling processes for agribusinesses, transcending geographical constraints. Situated in Singapore, a nation renowned for its political stability and neutrality in international affairs, ProfilePrint remains committed to preserving a stance of impartiality, cultivating trust among our international partners. Our dedication to the utmost security and privacy of our customers’ sensitive information, encapsulated in the digital fingerprints of their ingredients, is reinforced by Singapore’s rigorous data protection and privacy laws. Our recent attainment of the ISO 27001 certification stands as a tangible testament to the unwavering commitment we hold in this regard.”

The successful completion of this Series B round cements ProfilePrint’s position as an industry trailblazer and reaffirms its commitment to transforming the agrifood landscape globally with artificial intelligence. With ongoing innovation and strategic partnerships, ProfilePrint is poised to shape the future of the industry, one AI-driven solution at a time.

Media Assets can be downloaded here.

Website:              https://profileprint.ai/

LinkedIn:             https://www.linkedin.com/company/profileprint/

About ProfilePrint

ProfilePrint is an AI-driven ingredient quality platform powered by a patented digital food identity-as-a-service (IDaaS) technology. ProfilePrint synthesises complex molecular data of ingredient samples into digital fingerprints, rapidly predicting its identity and quality, helping agribusinesses to buy and sell better. Backed by the world’s largest food ingredient conglomerates and international venture funds, ProfilePrint is a Singapore-based company with a global footprint.

About Tai Partners

Tai Partners is a venture capital firm dedicated to investing in disruptive technology companies globally. The fund has a global team that spans across Silicon Valley and Shanghai which supports entrepreneurs who aim to transform global industries with their technology solutions, helping them break into the Chinese market and thrive on a global scale.

SOURCE ProfilePrint

MONTREAL, Dec. 14, 2023 — Power Sustainable (the “Firm”), a climate-focused alternative asset manager, today released its inaugural Private Markets Sustainability Report (the “Report”). This Report reflects the sustainability efforts of Power Sustainable’s private markets activities, where its investment groups invest in businesses and projects which help promote decarbonization, build sustainable communities, and drive energy and resource efficiency.

“I am proud to present Power Sustainable’s first Private Markets Sustainability Report,” said Olivier Desmarais, Chairman and CEO of Power Sustainable. “This report reflects the deliberate and concerted effort our team has put into developing a sustainable investing approach that draws from best-in-class practices. Across all strategies, our Firm’s investment groups are united in a shared determination to have a positive impact on climate and society while targeting superior risk-adjusted returns.”

The Report also discusses the climate risks and opportunities for Power Sustainable’s private market activities, which is informed by the recommendations of the Task Force on Climate-related Financial Disclosures; it showcases the Firm’s community initiatives in the sustainability ecosystem, as it partners with liked-minded actors to catalyze capital at scale; it is published alongside the Firm’s answers to the Sustainability Accounting Standards Board (SASB) questionnaire; and it presents the results of the Firm’s first diversity, equity, and inclusion survey, which will guide its work going forward.

Power Sustainable will continue to target competitive returns and positive sustainability outcomes for the environment and society, and welcomes an active conversation among the sustainable finance community regarding the constant evolution and improvement of financial disclosures in this space.

About Power Sustainable

Power Sustainable is a climate-focused investment manager which finances companies and projects aiming for both competitive returns and positive sustainability outcomes. The Firm offers institutional investors exposure to alternative assets which aim to accelerate and scale sustainable solutions across multiple industries.

Power Sustainable is a wholly owned subsidiary of Power Corporation of Canada (TSX: POW), an international management and holding company that focuses on financial services in North America, Europe and Asia. Power Corporation’s core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.

With just over CAD$4 billion in assets under management, Power Sustainable’s mission is to catalyze capital towards clean global solutions.

Contact

Ian Cameron
Director of Communications, Power Sustainable
438-308-7697
[email protected]

SOURCE Power Sustainable