Texas Children’s Hospital Receives 4.8 Million Dollar Transformational Corporate Gift to Fund Behavioral Health Initiative

HOUSTON, Dec. 6, 2023Texas Children’s Hospital is thrilled to announce that Ovintiv Inc., a leading North American exploration and production company, has pledged 4.8 million to fund its new behavioral health Intensive Outpatient Program (IOP) at Texas Children’s Hospital The Woodlands.

“We are so incredibly grateful for Ovintiv Inc.’s generosity,” said Dr. Kirti Saxena, Chief of Psychiatry at Texas Children’s Hospital and Associate Professor of Psychiatry and Behavioral Sciences at Baylor College of Medicine. “This IOP is desperately needed in the Woodlands, and we are committed to creating it because we believe that the behavioral and developmental health of children, adolescents and teens is just as important as their physical well-being. Ovintiv’s transformational gift will make a life-changing difference for so many patients and their families.”     

“Our partnership with Texas Children’s Hospital is a natural fit,” said Brendan McCracken, President & CEO of Ovintiv. “Our strategic investment is part of a larger $10MM community initiative focused on supporting children’s hospitals where we live and work. We seek partners and programs that embody our purpose and are aligned with our values and priorities. As a leading energy producer, we have the privilege of supporting the daily lifesaving work of our local children’s hospitals. We’re proud of the role our energy products play in making modern life possible.”

Ovintiv’s generous pledge makes them the first company member of the Council for Hope, Texas Children’s new Corporate Giving Society, whose fundraising priorities include supporting Texas Children’s behavioral health initiatives.

In 2022, Texas Children’s formed a dedicated Behavioral Health Task Force to implement new and expanded services for patients in need of specialized care. The goal was to meet patients where they are and to help address behavioral health issues as early as possible at each stage of the diagnosis and treatment continuum — before they escalate to the point where inpatient hospitalization is required.

The IOP, a direct outgrowth of these efforts, will close the gap between inpatient and outpatient behavioral health services. When patients and families seek care at local hospitals for behavioral and developmental health concerns, they typically receive crisis intervention upon entry to the hospital. Significant demand, however, can result in delays for the services they need, especially after they are discharged. The IOP will solve this problem by providing intermediary care for patients who cannot perform successfully in their current settings but do not need inpatient psychiatric hospitalization. It will support these patients through skill-based intensive therapy sessions that teach strategies to reduce symptoms and improve functioning within a flexible structure that allows patients to live at home and continue school and family activities.

Designed to accommodate patients discharged from Texas Children’s Emergency Centers and from inpatient units — and to provide step-down care to outpatient services for patients who have other medical issues plus behavioral health issues — the IOP will provide an array of services customized to meet each patient’s and family’s specific needs. These include individual, group and family therapy, art and music therapy programs and yoga and recreational therapy. Officially slated to open in early 2024, the IOP will treat patients for up to four to five hours a day.  

About Texas Childrens Hospital

Texas Children’s, a nonprofit health care organization, is committed to creating a healthier future for children and women throughout the global community by leading in patient care, education and research. Consistently ranked as the best children’s hospital in Texas and among the top in the nation, Texas Children’s has garnered widespread recognition for its expertise and breakthroughs in pediatric and women’s health. The system includes the Texas Children’s Duncan NRI; the Feigin Tower for pediatric research; Texas Children’s Pavilion for Women, a comprehensive obstetrics/gynecology facility focusing on high-risk births; Texas Children’s Hospital West Campus, a community hospital in suburban West Houston; and Texas Children’s Hospital The Woodlands, the first hospital devoted to children’s care for communities north of Houston. The organization also created Texas Children’s Health Plan, the nation’s first HMO for children; Texas Children’s Pediatrics, the largest pediatric primary care network in the country; Texas Children’s Urgent Care clinics that specialize in after-hours care tailored specifically for children; and a global health program that s channeling care to children and women all over the world. Texas Children’s Hospital is affiliated with Baylor College of Medicine. For more information, visit www.texaschildrens.org

About Ovintiv

As one of the largest producers of oil and natural gas in North America, Ovintiv stands united by a commitment to drive progress and improve lives with respect and responsibility, not just in the communities where we operate, but for everyone. Our products provide energy, which in turn supports better education, healthcare and equality opportunities. For more information on Ovintiv, please visit our website at www.ovintiv.com

Media Contact:
Natasha Barrett, Director, Media & Public Relations
832-991-5254 | [email protected]

SOURCE Texas Children’s Hospital

Canapi Ventures Announces $750M Fund II to Power the New Financial Services Economy

Fund II represents a 15% increase in funds and a near-doubling of the Canapi Alliance from firm’s Fund I

WASHINGTON and NEW YORK and WILMINGTON, N.C., Dec. 6, 2023 — Canapi Ventures (“Canapi”), the fintech venture capital fund backed by nearly 70 financial institutions and strategic investors across the United States, today announced the raise of a $750 million Fund II. Canapi is backed by the Canapi Alliance, the fund’s unique network of strategic banks and financial partners institutions across North America, as well as institutional investors. This latest raise brings Canapi’s total assets under management to over $1.4B and will allow the Fund to continue to support the most innovative entrepreneurs and companies looking to create a sounder, more inclusive and equitable financial ecosystem.

Core to Canapi’s value proposition is the delivery of best-in-class financial and strategic returns to its Alliance. In Fund I, Canapi made 20 investments across key verticals, including fraud and identity, financial infrastructure, lending and credit, payments, and real estate technology. As part of these investments, Canapi has helped to facilitate nearly 100 partnerships between its LPs and portfolio companies – including such names as Alloy, Built, Thoropass, and Greenlight. Canapi estimates that this has delivered some $40 million in annualized revenue and supported the creation of nearly 1,500 new jobs in the fintech and financial services industry.

In Fund II, Canapi will maintain this considered strategy and support these key industries, while broadening its investment aperture to include additional opportunities and challenges facing the financial industry and other industries. This includes the responsible use and governance of AI, cybersecurity, and the intersection of financial services and climate technology. To that end, Canapi has made a handful of investments out of Fund II in companies such as DynamoFL, Island, and Crux Climate.

“Our venture capital model connects high-quality fintech companies to our extensive network of banks and strategic partners, creating strong symbiotic value in this important ecosystem,” said Canapi Managing Partner, Gene Ludwig. “Our connectivity in Washington and to its regulators has allowed us to help our companies better understand and comply with complex requirements while building alongside founders to maximize impact.” Canapi Managing Partner Chip Mahan added, “We’re proud to work shoulder to shoulder with our teams, helping them to best serve their customers and their customers’ customers.”

Canapi will continue to invest in companies across stages, partnering with founders as early as ideation and continuing to provide value throughout a company’s lifecycle. The Fund has grown its platform team to include business development and talent professionals who collaborate with portfolio companies on key strategic imperatives. Canapi prides itself on doubling and tripling down on talented founders; to date, the fund has led eight companies through two or more funding rounds, and has participated in 100% of follow-on opportunities. Canapi also seeks to back diverse leaders who reflect the increasingly heterogenous financial landscape; to that end, 61% of C-suite members or founders in Canapi’s portfolio are either minorities, women, or veterans.

“Canapi has been an invaluable partner for Alloy. Canapi pitched us on their ability to bring banking and regulatory expertise to the boardroom and to increase the quantity and quality of our banking pipeline,” said Tommy Nicholas, co-founder and CEO of Alloy. “They have over-delivered on this promise, becoming one of our top lead generation sources and most trusted advisors. If you have a chance to get Canapi on your cap table, you have to take it!”

Canapi has also expanded its team and geographic footprint with the announcement of Fund II. The team – which has more than doubled in size since announcing Fund I – now has offices in New York City, led by General Partner Jeff Reitman, as well as San Francisco, led by General Partner Tom Davis.

“With decades worth of financial services experience, we provide our stakeholders with the knowledge and expertise they need to identify emerging innovations within the bank and fintech ecosystems. We’re proud to deliver not only financial returns to our LPs, but also strategic value that is transforming the fintech and financial services industry,” said Canapi President and General Partner Walker Forehand.

“Fintech is broader than ever, and financial services permeate the whole economy,” said General Partner Neil Underwood. “Every founder should have a fintech expert in their corner.” 

About Canapi Ventures
Canapi is a financial technology venture platform investing in early to growth-stage companies offering disruptive alternatives to outdated business models and technologies. Backed by the Canapi Alliance – a network of nearly 70 of the leading financial institutions across the United States – Canapi’s partners have decades of hands-on experience in financial services. Bringing unmatched sector experience and best-in-class sector knowledge, connections, and credibility, Canapi is positioned to help founders win.

Media contact
Inkhouse for Canapi
[email protected] 

SOURCE Canapi Ventures


Settlement Intelligence Secures Investment From Verify Venture Studio in Portland, Oregon

PORTLAND, Ore., Dec. 6, 2023 — Settlement Intelligence, a customer-focused legal technology startup, is pleased to announce a seed investment from Verify Venture Studio in Portland, Oregon. Founded by a team of legal and technology experts, Settlement Intelligence has developed a comprehensive SaaS service designed to streamline and enhance the settlement negotiation process for legal professionals. The platform leverages artificial intelligence and machine learning to ingest extensive information about traumatic injuries, bodily injury claim software, medical bill review software, and personal injury demand letters to create the industry-leading demand letter SaaS service.

The investment from Verify Venture Studio will enable Settlement Intelligence to accelerate its development efforts and expand its reach in the legal tech market. “Settlement Intelligence’s vision aligns perfectly with our mission of supporting disruptive innovators that drive positive change,” said Russell McLemore, Managing Partner at Verify Venture Studio. “We believe that their service has the potential to transform the legal industry, and we are excited to be a part of their journey.”

Settlement Intelligence CEO Charlette Sinclar expressed gratitude for the support and confidence shown by Verify Venture Studio: “This partnership is a significant milestone for Settlement Intelligence. It will allow us to grow our team, extend our product offerings, and reach a wider audience of legal professionals. We are thrilled to have Verify Venture Studio as a strategic partner on our path to supporting legal professionals in securing better outcomes for their clients.”

About Settlement Intelligence: Settlement Intelligence (settlementintelligence.com) is a legal technology startup in Portland, Oregon, that utilizes expert-trained artificial intelligence and machine learning to provide demand letters and data-driven insights for legal professionals. The Settlement Intelligence platform not only automates demand letter writing, but employs three different proprietary demand letter formats that have proven successful in triggering insurance claims evaluation software. This first-of-its-kind SaaS enhances settlement negotiations, enabling legal practitioners to make informed decisions and achieve maximum settlement value for their cases.

About Verify Venture Studio: Verify Venture Studio (verifyventurestudio.com) is a venture studio in Portland, Oregon, and Cincinnati, Ohio. The firm moves teams from ideas to launch through rigorous testing and validation to ensure that customers, entrepreneurs, and investors are delighted by the products and services refined by our practices. They are always excited to speak with leaders, no matter the stage of business.

Contact:
Lance Charlish
[email protected]

SOURCE Verify Venture Studio


Greenstar Technologies Announces a $1.5 Billion Investment in the National Energy Operation Centre Project

SOMERSET, N.J., Dec. 6, 2023 — Greenstar Technologies, a leader in digital energy solutions, has officially announced its ambitious National Energy Operation Centre (NEOC) Project, slated for launch in the fourth quarter of 2024. The company is set to invest a staggering $1.5 billion in this revolutionary initiative.

Greenstar Technologies is in advanced discussions with a banking syndicate and we are collaborating with a top business consulting firm for strategic direction. The first phase is set to launch in the fourth quarter of 2024. The project’s first phase will commence in New Jersey, utilizing a custom retrofitted infrastructure. The subsequent phases involve constructing new custom-built facilities at three national locations, with commissioning planned within 36 months.

About the National Energy Operation Centre (NEOC)

The NEOC represents a significant leap in digital transformation within the energy sector. This innovative venture by Greenstar Technologies aims to redefine energy generation, distribution, and management in the United States. In an age where digital and AI advancements are reshaping industries, the energy sector is no exception.

Hosted on Greenstar’s digital enterprise platform featuring triple modular redundancy, the NEOC is engineered to address the complex challenges of today’s energy industry. Moving away from traditional centralized energy grids, this state-of-the-art center will facilitate a shift to decentralized, consumer-driven energy systems, integrating renewable energy sources, energy storage, and localized microgrids.

Equipped with a secure private 4G/5G network, satellite communication networks, a utility device hyper cloud, and robust cybersecurity services, the NEOC is well-prepared to handle the dynamic demands of modern energy management. Additionally, AI & Blockchain enabled business intelligence, along with collaborative data analytics, will optimize grid management, enhance service reliability, and offer greater flexibility.

Statements from the CEO

“The NEOC marks a pivotal moment in the digital transformation of the energy sector,” stated Beena Abraham, CEO of Greenstar Technologies. “Our goal is to empower utilities to meet the ever-evolving demands of the energy landscape and provide exceptional service to customers through Greenstar Technologies Digital Utilities Platform and its innovative AI Applications, integrating Sustainability as a Service as a core component “.

About Greenstar Technologies

Founded in 2016, Greenstar Technologies LLC has been at the forefront of the energy industry’s digital transformation. The company launched its digital utility platform in 2019, leveraging artificial intelligence and blockchain technologies. This platform serves as a foundation for transitioning utilities into a digital future, offering customers and stakeholders access to a range of digital and smart city services.

Greenstar Technologies brings over 25 years of experience in developing large-scale IoT solutions. Its comprehensive platform delivers digital transformation solutions, integrating diverse edge devices, database and analytics capabilities, and IoT applications compatible with leading cloud computing platforms. Through SurgeCloud, these applications can optimize operations, reduce service costs, manage assets remotely, and create new revenue streams.

“The NEOC will revolutionize energy management and foster collaboration across various sectors,” added Beena Abraham. “Our collective efforts will lead to a more efficient, sustainable, and resilient energy future.”

Join Us at the AI Summit

Greenstar Technologies invites interested parties to the AI Summit New York, on December 6th and 7th, 2023, at the Javits Center, New York.

SOURCE Greenstar Technologies


Bigeye Receives Strategic Investment from Alteryx Ventures

NEW YORK, Dec. 6, 2023 — Bigeye is excited to announce a strategic investment by Alteryx, Inc., the Analytics Cloud Platform company, to strengthen its data observability platform and global reach. Bigeye delivers lineage-powered data observability to help enterprise data teams monitor data pipelines and detect data quality issues before they impact their business. With this investment by Alteryx, Inc. through its Alteryx Ventures arm, Bigeye intends to further strengthen enterprise adoption, expand its technology, and deepen its partner ecosystem. Alteryx’s investment in Bigeye highlights the shared perspective that strong enterprise governance is important when deploying analytics at scale.

This investment brings Bigeye’s total fundraising to $68.5 million and adds Alteryx to a list of marquee investors including Sequoia Capital, Costanoa Ventures, Coatue, and In-Q-Tel. Alteryx’s expertise in enabling analytics adoption at large and complex enterprises aligns well with Bigeye’s mission to deliver an enterprise data observability platform that can enable visibility across legacy and modern data stack vendors. Both companies provide solutions that enable organizations to become truly data driven with confidence that their analytics dashboards are governed, accurate, and reliable.

Commenting on this investment, Kyle Kirwan, Bigeye CEO and Founder, said, “I’ve spoken with enterprise data leaders across many verticals and the need for reliable analytics is a constant theme. Alteryx continues to exhibit leadership in the enterprise analytics space, and we believe with Alteryx’s investment, our customers will be able to unlock new capabilities and benefits. Ultimately, both Bigeye and Alteryx allow enterprise leaders to make strategic investments in their data programs with full confidence that they will be able to deliver fast but also reliable insights to their organizations.”

“We are excited to partner with Bigeye to help drive accountability and data validity within complex, enterprise data environments. As companies expand their Alteryx deployments to the cloud, reliable data observability is critical to ensuring trust in analytics” said Jay Henderson, SVP of Product Management, Alteryx. “We believe the Bigeye Data Observability Platform will become a strong partner to companies looking to better integrate and observe Alteryx within their mission critical analytic processes.”

Alteryx Ventures invests in companies with innovative technology and services that complement Alteryx’s analytics and data science products and encourage innovation within the analytics ecosystem. Alteryx’s vision centers on enabling every person to achieve breakthrough outcomes from data through analytics automation, data science and unprecedented ease of use.

About Bigeye

Modern businesses rely on accurate, reliable data delivered without interruption. Bigeye was founded by two of Uber’s earliest data team managers and is backed by prominent venture capital investors, Sequoia Capital and Coatue. Bigeye is an industry-leading data observability platform that helps data engineering and data science teams ensure data reliability. Organizations use Bigeye’s automated data quality monitoring, ML-powered anomaly detection, and deep data lineage to detect and resolve issues before they impact the business.

SOURCE Bigeye


SGNL.ai Secures Strategic Investment from M12, Microsoft’s Venture Fund

PALO ALTO, Calif., Dec. 6, 2023 — SGNL.ai, the industry’s first Continuous Access Management company, announced that M12, Microsoft’s Venture Fund, has made a strategic investment in the company. The M12 investment is part of a $10 million strategic round that includes funding from Cisco Investments and other investors. This latest set of investments brings SGNL’s total funding to $22 million since its founding in 2021.

“With the increased frequency of session hijacking and compromised credentials, it is critical for organizations to achieve a zero standing privilege security posture. Complex identity environments require dynamic authorization that is more robust than what has traditionally been available,” said Scott Kriz, CEO of SGNL.ai. “We are inspired by the support of M12, and excited to have them as a strategic partner as we help organizations achieve their security goals through Continuous Access Management.”

The new investment will be used by SGNL to scale product development, expand continuous access management capabilities, and support its expanding number of enterprise customer deployments. It immediately follows SGNL’s participation in the Microsoft Security Copilot Partner Program Private Preview announced at Ignite last month as well as Cisco Investment’s strategic investment announced that same week.

Alignment with M12
M12 is on a mission to accelerate the future of technology through investments, insights, and meaningful partnerships with Microsoft. The fund makes investments in companies, like SGNL, that are innovative and disruptive to the enterprise.

“SGNL’s innovative technology solves a pressing need in the enterprise identity space,” said Todd Graham, Managing Partner, M12. “The time has come for a more targeted and dynamic approach to access management, and we think that SGNL has the right vision and team to be a leader in this industry.”

Business-Critical Innovation For The Enterprise
In the first nine months of 2023, the total number of data breaches and leaks had outpaced those of 2022, a 17% increase, according to data from the Identity Theft Resource Center. And those breaches are costly, with the global average, according to the 2023 Cost of a Data Breach Report by IBM Security, being $4.45 million, a 2.3% increase from 2022 and a 15.3% increase from 2020.

Identity providers like Okta, Microsoft Entra, and Duo establish user identity at login. Once authenticated, a user’s session is handed off to the application to manage,typically granting broad access and making them targets for session hijacking and misuse. Single sign-on (SSO) and multi-factor authentication (MFA) are not designed to address this issue.

To combat this challenge, organizations need to establish a Zero Standing Privilege security posture. SGNL’s Continuous Access Platform was built to do exactly that, enabling conditional and contextual access to systems and data to be managed at scale.

Context from key systems like Workday or ServiceNow, as well as existing identity roles and groups from Azure AD or Okta, are mapped in the SGNL Graph Directory to provide quick access decisions.

Leveraging this business context and Continuous Access Evaluation Protocol (CAEP) events, SGNL allows companies to reduce the risk of data breaches and security incidents caused by session hijacking or compromised accounts.

Ways SGNL can be leveraged within enterprises include:

  • Cloud infrastructure: Protect critical infrastructure like AWS or Azure by only granting privileged access based on organizational policy such as ticket assignment or device status.
  • DevOps: Secure CI/CD pipelines by only allowing GitHub actions based on organizational policy such as an on-call rotation or using a managed laptop.
  • SaaS applications: Eliminate standing access in SaaS applications by only allowing access to sensitive data based on real-time business context such as user citizenship or customer location.

About SGNL.ai, Inc
With an initial team of security experts and executives who formerly worked at Google, Microsoft, Okta and Salesforce, SGNL is working to modernize enterprise authorization. SGNL’s Continuous Access Management platform enables companies to achieve a zero standing privilege security posture, protecting access to sensitive data and guarding against potential security compromises. SGNL was founded in 2021 with venture backing from Costanoa Ventures, Fika Ventures, Moonshots Capital, and Resolute Ventures. For more information about SGNL visit https://sgnl.ai.

SOURCE SGNL.ai, Inc.


Solvento Secures $50M Debt Facility from Lendable & Equity led by Quona Capital To Launch AI Software for Trucking Industry

LatAm fintech raises capital and launches Automated Invoice Auditing to solve for supply chain and freight dynamics propelled by nearshoring

NEW YORK and MEXICO CITY, Dec. 6, 2023Solvento, the fintech company that develops payment and credit infrastructure for Latin America’s trucking sector, announced today that it has closed a $50M debt facility from Lendable and raised an oversubscribed equity round led by Quona Capital, with participation from Dynamo Ventures, Ironspring Ventures, Proeza Ventures, and Zenda VC.

The news comes with the launch of Solvento Audita, an AI-powered software automating the end-to-end accounts payable process for the on-the-road freight industry. Solvento is building the payment and credit infrastructure for the LatAm trucking sector, benefiting all parties along the supply chain. Solvento automates payments, finances invoices, and solves the liquidity needs of carriers, allowing them to focus on their operations and growth. The new lending facility enables shippers and brokers to offer quick pay, and injects working capital into the supply chain for the benefit of carriers and truckers alike. As a result, it will help carriers pay their drivers faster, addressing the concerning deficit in driver capacity.

“At Lendable, we believe in the power of technology and finance to create a more economically just and environmentally sustainable world,” says Iñaki Garcia, Head of LatAm Investments at Lendable. “Solvento’s take on the transportation industry is creating a line of capital and credit infrastructure that the region/industry doesn’t see often. We’re proud to help facilitate this move into a more inclusive and diverse financial state.”

“Our goal at Quona Capital has always been to help founders build a more financially inclusive world,” says Rafa de la Guia, Partner at Quona Capital. “The trucking industry in Mexico, and in  the Latin American region as a whole, is massively underserved when it comes to both traditional financial institutions and generalist fintechs – creating great opportunities for specialized companies like Solvento. We are seeing tremendous demand for credit, payment, and software products in the space, and Solvento has 20x growth over the past couple of years. We are excited to double down on the team and this new funding gives Solvento enough firepower to execute on its ambitious medium-term growth plans.”

“The trucking industry is at the heart of the Latin American economy, yet we have not treated it as such or given it the resources necessary for success,” says Jaime Tabachnik, Co-Founder & CEO of Solvento.”We are helping shippers, third-party logistics companies and carriers to save huge amounts of time and money by automating the most complex and time-consuming parts of their business, while contributing to higher levels of financial inclusion. 53% of customers report an increase in quality of life, while 29% report an increase in their money earned since using our solution. Our technology will continue to unlock the flow of money in the logistics industry as we continue building our vision to become the de facto payment platform for truckers in Mexico and Cross Border trucking.”

Solvento Audita uses APIs to integrate into any existing software, able to read and detect any type of document and validate – a process that is traditionally done manually even by the largest of shippers and brokers. Specifically, Solvento Audita enables companies that hire truckers to collect digitized PODs associated with each trip a trucker makes, extract information, and validate that it was concluded and invoiced correctly so it gets paid. Plus, it matches the POD against the invoice and rate to ensure that clients only pay what was agreed on, even validating the very complex and unstandardized accessorial charges (maneuvers, overnight stays, backhauls etc.).

Some companies already seeing the effects of Solvento Audita include one of the most important shippers in the world—Nestlé— as well as LatAm’s largest last-mile delivery provider, 99 minutos.

“Solvento’s auditing software has seen remarkable efficiency gains, reducing a 15-day manual process to just a few hours, thanks to AI-powered automation,” says Alexis Patjane, CEO at 99 minutos. “This solution has not only improved our financial operations but also further optimized our accounts payable processes, enhanced fraud detection and risk management, while freeing up our valuable resources for strategic tasks.”

The funding will go towards the further development of Solvento’s product and expansion in commercial efforts to meet the growing needs of the $200 billion LatAm trucking market.

About Solvento

Solvento is a Mexican fintech founded in 2021 that offers technological and financial solutions to companies in the trucking sector that allows them to automate and speed up their collections and payments. Solvento has more than 100 clients, including major players in the logistics and trucking sector, such as 99minutos, Packengers, Onest Logistics, CLG Transportes, Condumex, Transportes EASO, Liftit, Logtec and GAIA, among others. More at www.solvento.mx

U.S. Media Contact

Kathy Osborne
[email protected] 

Mexico Media Contact

Maleva Rangel
press@solvento.mx

SOURCE Solvento


NOLEJ, a Trailblazer in AI Solutions for Education, Has Secured 3 Million Euros in Funding, Accelerating Its Expansion

NEW YORK, Dec. 6, 2023 — In a rapidly evolving educational landscape, NOLEJ, an innovative Edtech start-up, introduces an advanced AI copilot for teachers, designed to streamline the creation of engaging educational content. The funding round, led by Educapital and Square Knowledge Ventures, is a pivotal milestone in NOLEJ’s growth trajectory.

Revolutionizing Interactive Education

Educators face challenges in engaging students amidst information overload. A study by eLearning Guild shows that 75% of conventional course materials don’t meet current student needs. NOLEJ AI helps educators generate interactive eLearning modules up to 50 times faster than traditional methods. It significantly reduces the cost of creating compelling educational content, which previously could exceed €10,000 per hour.

Jonathan Denais, Investment Director at Educapital, asserts, “NOLEJ stands out as a European frontrunner in applying generative AI in education. They effectively leverage AI to tackle everyday challenges faced by educators.”

In the workflow of educators

Based on market standards, NOLEJ seamlessly integrates into the prevalent digital ecosystems used by millions of teachers such as Moodle, Canvas, Google Classroom, and Microsoft Teams, supporting multiple languages, including English, French and Portuguese. Philippe Decottignies, Founder and CTO of NOLEJ, explains, “Our architecture is designed as the AI backend of edtech, bringing the benefits of AI to all educational institutions, by upgrading their existing learning infrastructure.”

Proven Approach

“The combined value of pedagogical automation and curriculum intelligence is unique to NOLEJ. It allows for a much more dynamic approach to fulfilling almost any learning need from K-12 to higher-education and lifelong learning.” – Ricardo Prado Schneider, Partner at Square Knowledge Ventures

Built by a team with a decade of AI expertise, cognitive science and pedagogy, NOLEJ ensures accuracy in AI-generated content, circumventing biases and misinformation through its unique “ground Truth” models. Beta testing with 25,000 teachers and over 384 independent studies validate an 85% increase in course completion and a 75% improvement in retention for interactive content, significantly improving learning outcomes.

Nejma Belkhdim, co-founder and CPO of NOLEJ, emphasizes, “Our goal is to empower teachers to use AI responsibly, especially considering concerns about AI-generated content’s authenticity and reliability.”

From Recognition to Global Ambitions

NOLEJ’s international acclaim includes accolades such as Winner of the GESAwards for France, the European Innovation Council‘s Seal of Excellence and finals at the TechCrunch Disrupt Battlefield and the ASU-GSV Cup in the USA.

Already adopted by 59,000 teachers across 10 countries, NOLEJ’s clientele includes key school districts in the USA and prestigious institutions like IMD and the Île de-France region in France, which provides their AI to 625 high schools. “Our vision is to empower educators with tools that not only meet their evolving demands but also inspire a new era of adaptive and accessible learning,” said Bodo Hoenen, CIO NOLEJ.

Scaling Operations for a Transformative Future

This financing round brings together prominent investors including Educapital, and SQUARE Knowledge Ventures, marking a pivotal moment in NOLEJ’s journey to reshape educational landscapes as it transitions from start-up to scale-up. Vincent Favrat, CEO of NOLEJ, notes, “NOLEJ is at the forefront of a paradigm shift in education, answering the need of 82% of educational institutions planning to integrate AI tools imminently.”

About NOLEJ

Co-founded between France and the United States by a group of serial entrepreneurs, NOLEJ specialized in natural language processing before the emergence of generative AI such as ChatGPT. Today, NOLEJ markets a mature product, co-developed with thousands of teachers in a collective intelligence approach. NOLEJ offers institutions and training centers an upgrade of their learning infrastructure, reinforced by ethical AI, directed to meet their specific needs.

About the Investors

Founded in 2017 by Marie-Christine Levet and Litzie Maarek, Educapital is the largest European impact investment fund dedicated to Edtech and the Future of Work. Backed by investment fund Gama Capital, SQUARE Knowledge Ventures, established in Rio de Janeiro in 2020, specializes in educational technologies. Neer Venture Partners, a new US based Seed fund specialized in B2B SaaS start-ups in Fintech and Edtech, also contributed to this funding round.

Contact:

Philippine Bacquart – [email protected] – +336.77.08.48.63

Eve Jouandin – [email protected] – +337.88.39.61.16

SOURCE NOLEJ


Micro Medical Solutions Announces Completion of Enrollment in the STAND Pivotal Clinical Trial

Clinical investigators complete enrollment in the 177 patient, randomized, controlled study, STAND (A Clinical Evaluation of the MicroSTent PeripherAl Vascular SteNt in subjects with Arterial Disease Below the Knee, NCT03477604).

WILMINGTON, Mass., Dec. 6, 2023 — Micro Medical Solutions (MMS), an innovator in the field of microvascular intervention to improve clinical outcomes and quality of life in patients with CLI/CLTI, announced today that it has completed its U.S. pivotal clinical study enrollment evaluating the safety and effectiveness of the MicroStent System compared to the current standard of care, PTA (percutaneous transluminal angioplasty). The MicroStent System has already obtained CE Mark approval for use in the EEA.

STAND (A Clinical Evaluation of the MicroSTent PeripherAl Vascular SteNt in subjects with Arterial Disease Below the Knee) enrolled its final patient earlier this month marking the completion of the study. MicroStent is a vascular stent specifically designed to achieve and maintain tibioperoneal arterial patency improving blood flow and wound healing for below-the-knee amputation reduction in patients with critical limb ischemia (CLI) resulting from progressive peripheral artery disease (PAD). 

“I would like to thank the investigators and the research teams for their dedication, participation, collaboration and tremendous effort to help this complex and difficult patient population. I’m excited to continue to provide research expertise to the company and discuss the study results when available,” said lead investigator, Dr. Robert E. Beasley of Palm Vascular Centers in Miami Beach, Florida.

“CLI/CTI is the most severe clinical manifestation of PAD. We are excited to see the data unfold to further understand the impact of angiosome directed endovascular intervention and its impact on wound healing, limb salvage and patient living independence. We are warmly appreciative to our patient population that participated in the study. The study’s goal has always been to demonstrate a lower amputation rate thereby, lowering the devastating mortality rate associated with limb loss,” commented Rita Jacob, Vice President of Clinical Affairs.

“This is an encouraging step forward for MMS, millions of patients battling CLI every day and Clinicians treating and caring for these patients,” said CEO, Gregory Sullivan. “MMS developed the MicroStent platform in response to patients’ needs, and we are excited to move closer to putting MicroStent in the hands of U.S. interventionalists treating CLI.”

For more about Micro Medical Solutions, visit www.micromedicalsolutions.net.

SOURCE Micro Medical Solutions