KIRKLAND, Wash., Aug. 8, 2023 — INRIX, Inc., a leading provider of transportation analytics and connected car services, today announced the successful completion of a $70 million financing round from investment funds managed by Morgan Stanley Expansion Capital and Morgan Stanley Tactical Value (together, “Morgan Stanley Investment Management”). The funding will be utilized to fuel the company’s strategic growth initiatives, refinance debt, and further strengthen its position as a key player in the intelligent mobility industry.

For nearly 20 years, INRIX has played a foundational role in shaping the future of transportation by helping cities and businesses take advantage of location-based insights. By leveraging cutting-edge artificial intelligence and machine learning technologies, INRIX has a comprehensive suite of solutions that provides accurate and actionable insights to help make the world move smarter, greener and safer.

“We are thrilled to partner with Morgan Stanley Investment Management as INRIX continues to transform the way people and goods move around the world,” said Bryan Mistele, CEO of INRIX. “This financing round shows their confidence in our vision and ability to drive significant growth in the industry.”

Nick Nocito, Executive Director of Morgan Stanley Expansion Capital, commented, “We recognize the transformative impact INRIX has on the transportation industry and are excited to partner with INRIX and support their mission of creating safer, more efficient transportation systems. INRIX’s dedication to innovation and commitment to excellence is well-known in the industry, and we look forward to the future growth and success of the company.”

Kevin Lin, Executive Director of Morgan Stanley Tactical Value, commented, “INRIX provides mission-critical insights to both private-sector and public-sector clients. Best-in-class organizations in the transportation sector are a focus area for Morgan Stanley Tactical Value, and we are excited to partner with INRIX as they aim to deliver on their mission of driving intelligence in transportation.”

With partners and solutions spanning across the entire mobility ecosystem, INRIX is uniquely positioned to help make mobility intelligent – whether it’s planning a future roadway, reducing emissions by improving traffic signal timing, developing a safety action plan, or optimizing last-mile delivery.

With this latest financing, INRIX is well-positioned to drive innovation, expand its customer base, and further solidify its position as a global leader in the connected car and traffic intelligence market.

About INRIX
Founded in 2004, INRIX pioneered intelligent mobility solutions by transforming big data from connected devices and vehicles into mobility insights. This revolutionary approach enabled INRIX to become one of the leading providers of data and analytics into how people move. By empowering cities, businesses, and people with valuable insights, INRIX is helping to make the world smarter, safer, and greener. With partners and solutions spanning across the entire mobility ecosystem, INRIX is uniquely positioned at the intersection of technology and transportation – whether its keeping road users safe, improving traffic signal timing to reduce delay and greenhouse gasses, optimizing last-mile delivery, or helping uncover market insights. Learn more at INRIX.com.

About Morgan Stanley Expansion Capital
Morgan Stanley Expansion Capital is the growth-focused private investment platform within Morgan Stanley Investment Management. Morgan Stanley Expansion Capital targets growth equity and credit investments within technology, healthcare, consumer, digital media and other high-growth sectors. For over three decades, Morgan Stanley Expansion Capital has successfully pursued growth investment opportunities and has completed investments in over 200 companies, leveraging the global brand and network of Morgan Stanley.

About Morgan Stanley Tactical Value
Morgan Stanley Tactical Value is the flexible, non-control private equity and credit investment platform within Morgan Stanley Investment Management. With a broad mandate to invest across asset classes, sectors and geographies, Morgan Stanley Tactical Value is able to tailor bespoke solutions for companies to meet their unique strategic and financial objectives. The team’s expertise, including deep structuring experience, is complemented by Morgan Stanley’s extensive network and global capabilities to drive differentiated capital solutions for companies, founders, sponsors, and stakeholders. For more information, please visit www.morganstanley.com/im/tacticalvalue.

SOURCE INRIX

Company continues commercialization of innovative electrolyzer technology, providing green hydrogen at industrial scale to drive decarbonization of heavy industry

MOSS LANDING, Calif., Aug. 8, 2023 — Verdagy, a pioneer in scaling electrolyzer technologies for industrial markets, today announced the closing of a $73-million Series B funding round. Temasek and Shell Ventures co-led the Series B round, with participation from new global investors Bidra Innovation Ventures, BlueScope, Galp, Samsung Venture Investment, Toppan Ventures, Tupras Ventures, Yara Growth Ventures and Zeon Ventures.

The new funding will enable Verdagy to accelerate the launch and commercialization of its eDynamic^® 20 megawatt (MW) electrolyzer module, which will serve as a fundamental unit to future systems at the 200MW scale and beyond. Following initial commercial unit deployments with existing partners, Verdagy will expand deployment of its novel eDynamic electrolyzer technology to additional customers in heavy industries such as oil and gas, ammonia, steel and e-fuels to support global industrial decarbonization.

“Verdagy is rising to the challenge to accelerate the green hydrogen economy and decarbonize hard-to-abate sectors such as steel and ammonia production,” said Vikas Gupta, Partner at Shell Ventures. “The management team has a successful track record in scaling climate technologies from megawatts to gigawatts and they are committed to achieving the same at Verdagy.”

Green hydrogen is defined as splitting water using renewable energy, like solar and wind. Verdagy’s technology enables deep decarbonization of heavy industries by incorporating green hydrogen at a very large scale. Their technology drives down the investment with the low operating cost of their eDynamic 20MW electrolyzers coupled with flexible operating capabilities and single-element architecture SmartCells, allowing the large (3m²) cells to operate at higher current densities. This translates directly into more hydrogen production per cell with real-time performance monitoring and predictive maintenance built in.

The team behind this next generation of green hydrogen production is led by industry veterans in the hydrogen, solar and battery sectors. Verdagy CEO Marty Neese brings decades of executive experience across companies like SunPower and Ballard; COO Peter Cousins draws on his past work scaling Tesla’s gigafactories; and Founder, Board Member Dr. Ryan Gilliam is a serial entrepreneur, and founder of industrial decarbonization

companies Fortera, and Chemetry. With this strong team, Verdagy has assembled a wealth of knowledge on producing hydrogen at-scale and delivering winning solutions to customers with urgent decarbonization needs.

“By leveraging our patented large electrochemical cells, using membranes and enabling high current density operations and a wide dynamic range, Verdagy has dramatically lowered the CAPEX of an electrolyzer,” said Neese. “We have shown that our core technology works and Verdagy is ready to scale globally.”  

“Yara is taking the lead on driving the use of electrolyzers in the ammonia and fertilizer industry. We see a strong need for cost competitive, clean hydrogen to be able to decarbonize and drive the movement towards a more environmentally friendly industry” says Stian Nygaard, Investment Director in Yara Growth Ventures. “Electrolyzers are a technology requiring a lot of innovation and product development. We are really impressed by how Verdagy is taking on this challenge and want to take part in this adventure. The world needs them.”

“Verdagy’s potential to demonstrate high-current density over a wide dynamic range across large-area cells led us to incubate and write the first check into the company in early 2020,” said Rajesh Swaminathan, Partner Khosla Ventures. “Since then, the team has made significant progress in validating key performance and cost targets, getting them closer to building out a green hydrogen economy.”

“Verdagy is at an inflection point – going from proven technology to commercialization stage,” said Amar Singh, Head of Group, Bidra Innovation Ventures. “We believe Verdagy can further compound Morocco’s unique advantages, such as low cost solar and wind energy, captive demand and proximity to customers in Europe.”

“We are more than doubling down in this round on Verdagy, we are witnessing how they have gone from a valuable technology to a defensible business,” said Anil Achyuta, Managing Director at TDK Ventures.

About Verdagy

Verdagy is innovating water electrolysis technology for the large-scale production of green hydrogen. Its industry-leading solution reduces both upfront capital costs and ongoing operating expenses, to achieve the industry’s lowest levelized cost of hydrogen. Verdagy operates its laboratory and highly automated commercial pilot plants in Moss Landing, California where it continues to advance its cutting-edge technology.  For more information, visit: www.verdagy.com.

Media Contacts

Jen Capasso, Verdagy
jcapasso@verdagy.com

Sarah Hubbard, Publitek
verdagy@publitek.com

Photo: https://mma.prnewswire.com/media/2171181/Verdagy.jpg

SOURCE Verdagy

Company allows hybrid, multi-cloud workload portability to simplify disaster recovery and cloud migration with 10-minute SLA guarantee

PUNE, India, Aug. 8, 2023 — Datamotive, a company that provides cloud workload portability for worldwide organizations, announced today that it has raised $3.8 million in a Pre-Series A funding round led by the Dubai-based VC firm Morphosis with participation from 3one4 Capital, YourNest Venture Capital and Patni Group. The new funding round will accelerate the delivery of Datamotive’s products that enable organizations to seamlessly and securely scale, migrate and recover data and workloads across public and private clouds with a guaranteed 10-minute recovery service level agreement (SLA) regardless of cloud and workload size.

Datamotive allows organizations to build a hybrid cloud blueprint that supports freedom of choice for any cloud service provider and offers them the ability to run workloads anywhere on any cloud. Its patented replication and recovery engine enables online, agentless replication of entire workloads (OS, platform, application, and its data), while the recovery engine provides a flat-line recovery time (RTO/CTO) of 10 minutes with zero impact on workload performance. The RTO/CTO applies irrespective of the application, its size, or the cloud platform. The company’s strengths lie in enabling cross-hypervisor replication and recovering the workloads using the target native infrastructure.

“We are proud of what we’ve accomplished so far. This funding will enable us to continue the innovation cycle with our DR and cloud migration products, and, of course, accelerate our geographic expansion,” said Yogesh Anyapanawar, co-founder of Datamotive.

“By enabling workload portability, Datamotive accelerates the adoption of hybrid, multi-cloud computing for organizations. This allows businesses to innovate and operate without the fear of vendor lock-in,” added Sameer Zaveri, co-founder of Datamotive.

“We are pleased to collaborate with Datamotive and support the team’s visionary approach in the workload portability market,” said Amit Zutshi, managing partner and founder of Morphosis. “With its innovative, unparalleled cost-to-value ratio, best-in-class SLAs, and exceptional performance, Datamotive.io is poised to lead the way in hybrid cloud workload portability and transform multi-cloud management in the business continuity market.”

About Datamotive 

Datamotive is an enterprise workload mobility company that enables the seamless movement of workloads in a hybrid multi-cloud environment with a guaranteed SLA of 10 minutes. Its patented solution protects organizations from data losses caused by cloud security misconfigurations, data breaches, or the corruption of corporate networks. For more information, go to https://www.datamotive.io/.

About YourNest

YourNest, established in 2011 as a technology-focused Pre-Series A fund house has pioneered deep tech investing and IP-led product innovation in enterprise-driven (B2B) startups (IoT, AI/ML, Robotics, Cloud, Automation, etc). YourNest Innovative Products VC Fund III recorded its first close in Sept ’21 and has NIIF as its anchor investor. In its first Fund, YourNest has provided a DPI of 1.47 with four exits. Its second Fund, fully invested with a maiden exit, features amongst the best performing AIFs in the latest CRISIL AIF Benchmark Report of Sept ’22 with 34.62% net IRR as of March 31 2023, where the peer benchmark stands at 23.68% net IRR.

Media Contact:

Yogesh Anyapanawar
Founder, Datamotive
[email protected]

Logo: https://mma.prnewswire.com/media/2170614/Datamotive_Logo.jpg

SOURCE Datamotive

SAN FRANCISCO, Aug. 8, 2023 — Scrum Studio Inc. announced the selection of 12 companies that will join the second year of its Well-BeingX open innovation program. Held in partnership with leading Japanese corporations, including Sumitomo Life Insurance Company, Tokyo Tatemono Co., Japan Tobacco Inc., Hakuhodo Inc., and Lion Corp., the program helps create and grow new business opportunities with startups developing products and solutions that enhance well-being.

This year’s program focuses on products and solutions that address key areas of health and wellness with a particular focus on Women’s Health, Nutrition and FoodTech, and Senior Care and Inclusive Tech.

Among the 12 companies chosen for the program are Canada-based Tuktu, an AI platform that provides family-like support to seniors and individuals needing assistance and Japan’s Croix Co., which has also been selected for its healing sound treatments that promote sleep, meditation, and relaxation through music, nature sounds and video content.

“Scrum Studio is thrilled to welcome this innovative and diverse set of startups for this second year of Well-BeingX” said Michael Proman with Scrum Studio. “Individual well-being has become one of the most important issues of our time and through this program, we’ve already worked with more than 37 startups that are addressing the most pressing issues impacting well-being worldwide. We are particularly excited about launching this second-year program with new startups that are reimagining how to support well-being.”

Starting today, selected companies will begin working with Japanese partner companies, supporter companies, and observer municipalities on business co-creation initiatives – culminating in a “Demo Day” held in December of 2023.

About Scrum Studio, Inc.
Scrum Studio, Inc. is an open innovation platform formed to bridge the gap between iconic Japanese corporations and startups from around the world. The platform focuses on three pillars to create new business opportunities: acceleration, incubation, and connection. Its vertical studio programs include SmartCityX, and Food Tech Studio – Bites! Learn more at https://scrum.vc/studio/.

About Scrum Ventures
Scrum Ventures is an early-stage venture firm based in San Francisco with a growing Tokyo office. With entrepreneurial expertise and a strong network in Japan, we actively support portfolio global growth and success. Learn more at Scrum Ventures.

Media Contact:
Mary Magnani
CodePR
[email protected]

SOURCE Scrum Ventures

DUBAI, UAE, Aug. 8, 2023 — Beond, the world’s first premium leisure airline, is pleased to announce the successful completion of over US$17M Seed Round from a group of esteemed investors. The round was oversubscribed, reflecting the strong confidence and belief in Beond’s vision and potential.

Participants included family offices, angel investors, and strategic partners, signalling a vote of confidence in the company’s ground-breaking approach to leisure travel and promising market potential.

Beond’s Chairman and CEO, Tero Taskila, expressed gratitude towards the investors and partners who believe in the company’s vision for a new and exciting approach to premium leisure air travel. “This funding round marks a significant milestone for Beond,” Taskila said.

“We are humbled and excited to have the support of such remarkable investors who share our passion for innovation and believe in our mission. The investment will empower Beond to realise its full potential and deliver on the promise of both this ground-breaking business model in the airline industry and pioneering experience for passengers. Beond will operate a premium leisure experience for customers while bringing to bear the benefits of a lightweight, low-cost operation based on the collective decades of experience of our team.”

The investment will fuel Beond’s ambitious growth plans, including:

1. Expanding the team: Strengthening the core team with top-tier talent to accelerate product development and innovation, hiring pilots and cabin crew to build the network.
2. Scaling marketing and sales efforts: Increasing brand visibility and market reach to capture a broader customer base.
3. Securing more capacity: Investing in aircraft and latest technologies in full lie-flat premium seats to deliver a unforgettable customer experience.

Beond will begin operations in the fall of 2023, with Maldives as its first hub, pending regulatory approval. The airline intends to fly a fleet of state-of-the-art Airbus A320-family aircraft in a unique luxury, lay-flat configuration, bringing passengers to Maldives from Europe, the Middle East, and Asia-Pacific.

About Beond
Beond is the world’s first premium leisure airline offering unique and tailored experiences for today’s modern travellers. Beond will initiate flights from a variety of destinations with the latest aviation and luxury travel innovations.

Visit www.flybeond.com

SOURCE Beond

DELFT, Netherlands, Aug. 8, 2023 — Meatable, the industry-leading food tech company, announced today it has raised $35 million in new funding to bring the company’s total funding so far to $95 million. Led by Agronomics, the successful close saw Invest-NL, a Dutch impact fund, coming on board as a new investor. The round also drew significant renewed support from existing investors, including BlueYard, Bridford, MilkyWay, DSM Venturing and Taavet Hinrikus.

The funding will be used to further scale its processes and accelerate commercial launch of its cultivated meat products. The scale up and process optimization reduce the production costs to become cost competitive with traditional meat and reach production to commercial volumes. Starting in Singapore, Meatable is launching in selected restaurants and retailers from 2024. The company is also making solid progress on expanding to the United States and beyond, boosted by recent regulatory developments.

Krijn de Nood, co-founder and CEO of Meatable, said: “We’re thrilled to welcome Invest-NL on board and to have renewed support from our existing investors. Both the regulatory landscape and the continued investments are aligning to show demonstrated momentum. This is a huge sign of confidence in the incredible quality, taste, and proven scalability of our product, especially in the current investment climate. We look forward to working closely with our investors as we enter our next growth phase and cement our position as global leaders in the cultivated meat industry.”

To make its cultivated pork, Meatable takes one sample of cells from an animal without harming it and replicates the natural growth process of the cells using patented opti-ox™ technology combined with pluripotent stem cells. This technology makes it possible for Meatable to produce real muscle and fat cells in only eight days. This efficiency will enable the company to scale cultivated meat production quickly and affordably.

Contact:

Antonella Scimemi: [email protected] / +44 (0)7530815018 
Jennifer Reid: [email protected] / +1 778-772-0754 

About Meatable:
Meatable is an innovative, Dutch food company, aiming to deliver, at scale, cultivated meat that looks like, tastes like, and has the nutritional profile of traditional meat. The proprietary opti-ox™ technology enables Meatable to produce meat rapidly, sustainably, and without harming animals.

Photo – https://mma.prnewswire.com/media/2169103/Meatable_1.jpg
Logo – https://mma.prnewswire.com/media/2074076/Meatable_Logo.jpg

SOURCE Meatable

•  Funding provides Bactolife with sufficient capital to commercialise its proprietary Binding Proteins™ and further strengthen its technology platform
•  Financing was led by ATHOS, with participation from the Bill & Melinda Gates Foundation, and existing investors, incl. Novo Holdings, making it one of the   largest bioindustrial Series A funding rounds in Europe

COPENHAGEN, Denmark, Aug. 8, 2023 — Bactolife A/S (“Bactolife”), a bioindustrial company developing proprietary Binding Proteins^TM, which strengthen the gut microbiome of humans and animals with the aim of reducing the burden of gastrointestinal infections and anti-microbial resistance, today announced that it has successfully raised EUR >30 million since its April 2021 seed round.

The financing round is led by ATHOS with participation from the Bill & Melinda Gates Foundation and existing investors, incl. Novo Holdings. Proceeds from the financing will enable Bactolife to advance its most mature projects towards commercial launch and strengthen the technology platform and upscaling capabilities.  By doing so, the company aims at retaining its first mover advantage to transform human and animal health with target specific Binding Proteins™.

Sebastian Søderberg, CEO of Bactolife said: “We are very pleased and humbled by the continued confidence that investors have shown us, especially in times of geopolitical uncertainty and market turmoil. The funding allows us to increase our investments in our project pipeline, technology platform, organisation and upscaling capabilities. Further, it will enable Bactolife to accelerate our partnering efforts with world-leading companies and commercialise our first product concepts for humans and animals.”  

Julian Zachmann, Investment Manager at ATHOS, stated: “Infectious diseases and increasing antimicrobial resistance are amongst the biggest threats to global health and development. We are committed to addressing this challenge and believe in Bactolife’s targeted solutions.”

Globally, there are more than 1.6 billion cases of diarrheal diseases annually which at best means stomach upsets. At worst, they can lead to life-threatening illnesses. Annual healthcare costs are increasing, and there are limited options to avoid disease manifestation in the first place. It is estimated that 760,000 children die annually from gut infections, and in those who survive, both infections later in life and growth stunts are observed. Today, most infections are treated with antibiotics that are either highly expensive or contribute to the spread of antibiotic resistant bacteria. Bactolife takes a unique approach to gut health for the greater good of humans and animals by developing Binding Proteins™ that can reduce the risk of developing gut health infections, thereby reducing the need for antibiotics, at an affordable price point.

Aleks Engel, Partner, Novo Holdings, said: Aleks Engel, Partner, Novo Holdings, said: “The successful Series A is another validation of Bactolife’s impressive achievements and opportunity for the future. Bactolife is a great example of the strong Danish biotech ecosystem, as its technology platform originates from a Danish University, and was then further enabled by pioneering Danish biotech companies and talents. This bodes well for the future of not only Bactolife, but the Danish biotech sector as a whole. Further, I am very pleased that the international investors share our enthusiasm for finding solutions to the global AMR crisis. Combatting antimicrobial resistance requires all hands on deck.” 

About Bactolife A/S

Bactolife is a Danish industrial biotech company with approx. 40 employees. Bactolife uses its proprietary Binding Protein technology to develop novel biological solutions, strengthening the gut microbiome and helping solve the daunting challenge of antimicrobial resistance (AMR) development, as well as the general burden of infectious diseases. Its proprietary platform consists of a technology for selecting and producing Binding Proteins that acts on toxins without targeting growth or killing the bacteria directly. The company is developing and will market ingredients for Mothers & Children, Elderly, Immunodeficient, Travelers & Deployed and Animal Health. The company has proof of concept (PoC) of its technology among others from testing its most advanced animal health product, Ablacto+ that stabilizes the gut of piglets and reduce the severity of post weaning diarrhea (PWD), in more than 6,000 piglets. Bactolife is among others backed by Novo Holdings, Bill & Melinda Gates Foundation and now also a leading Central European life science investor.

Binding Proteins™ are milk-homologous proteins designed to bind to the toxins from gastrointestinal pathogens. Binding Proteins™ are produced in large scale using state-of-the-art biomanufacturing, making them broadly applicable as part of a normal diet. Binding Proteins™ represent a new paradigm within precision gut microbiome by bringing together state of the art protein science with an affordable, broadly applicable, food and feed product registration.  

www.bactolife.com

About ATHOS

ATHOS is a Munich based single family office. ATHOS with its heritage in healthcare and life sciences invests in teams with exceptional science expertise, and technology-driven companies with an entrepreneurial and value-based approach.

About the Bill & Melinda Gates Foundation

Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life. Based in Seattle, Washington, the foundation is led by CEO Mark Suzman, under the direction of Co-chairs Bill Gates and Melinda French Gates and the board of trustees.

About Novo Holdings A/S

Novo Holdings is a holding and investment company that is responsible for managing the assets and the wealth of the Novo Nordisk Foundation. The purpose of Novo Holdings is to improve people’s health and the sustainability of society and the planet by generating attractive long-term returns on the assets of the Novo Nordisk Foundation.

Wholly owned by the Novo Nordisk Foundation, Novo Holdings is the controlling shareholder of Novo Nordisk A/S and Novozymes A/S and manages an investment portfolio with a long-term return perspective. In addition to managing a broad portfolio of equities, bonds, real estate, infrastructure and private equity assets, Novo Holdings is a world-leading life sciences investor. Through its Seeds, Venture, Growth, and Principal Investments teams, Novo Holdings invests in life science companies at all stages of development. As of year-end 2022, Novo Holdings had total assets of EUR 108 billion.

www.novoholdings.dk

About the Novo Nordisk Foundation

Established in Denmark in 1924, the Novo Nordisk Foundation is an enterprise foundation with philanthropic objectives. The vision of the Foundation is to improve people’s health and the sustainability of society and the planet. The Foundation’s mission is to progress research and innovation in the prevention and treatment of cardiometabolic and infectious diseases as well as to advance knowledge and solutions to support a green transformation of society.

www.novonordiskfonden.dk/en

SOURCE Novo Holdings

First-of-its-kind developer tool visualizes and generates system architectures, facilitates design reviews and enables real-time collaboration

NEW YORK, Aug. 7, 2023 — Multiplayer, a collaborative tool for teams that work on distributed software, emerges from stealth with $3M in funding. The round was led by Bowery Capital with participation from Okapi Venture Capital, Mitch Wainer, co-founder of DigitalOcean, and Edith Harbaugh, founder of LaunchDarkly.

Conceptualized and built by developers to fill a gap in the market, Multiplayer provides a visual collaborative tool for the multi-layered system architecture that underpins a company’s operations. Until now, development teams have relied upon makeshift solutions to collaborate on backend software design, such as whiteboards or poor diagramming tools. Multiplayer visualizes system architecture holistically and in its component parts with software built for this purpose.

Key features of Multiplayer:

• AI Assist generates everything teams need for distributed software, including: system architectures, APIs, service implementations, Infrastructure as Code (IaC), documentation and more.
• Visualizes system architecture at the highest level and enables detailed views of specific features and changes in real time.
• Communicates design intent by pulling together multiple document types (i.e. platform diagrams, APIs, sketches, rich-text docs, source code) Enables formal design reviews including  feedback from all parties (team leads, developers, QA, CTO’s DevOps, etc.) before moving to implementation.
• Facilitates real time collaboration among distributed teams (akin to Figma but for the back end).
• Enables version control + branching.
• Ensures that system architecture will be recorded in a company-owned space where the evolution of the platform is retained.
• Tames the SaaS sprawl by integrating with source control providers, SaaS and cloud providers with a centralized system dashboard for teams.

Says CEO and co-founder Steph Johnson, “Having been immersed in the developer world for years at DigitalOcean and MongoDB, I’ve observed the communication gaps within development teams. There needs to be a better way to visualize and communicate architectural design decisions when working on distributed software. Surprisingly, in a world with so many dev tools, nothing facilitates seamless collaboration on backend software like Multiplayer, which we built specifically for this purpose.”

Adds CTO and co-founder Thomas Johnson, who brings 20 plus years as a developer at companies like Citrix, “This is an idea whose time has come. With distributed software being the norm today and teams being more spread out than ever, the gap in the market for a tool like Multiplayer has become very clear. Developers no longer need to bypass design reviews because they are ‘too much trouble.’ Multiplayer gives them an easy, organized way to share ideas and information before final implementation.”

“Companies all over the world are developing distributed software. These systems are becoming more complex and harder to change without breaking things,” says Mitch Wainer, co-founder of DigitalOcean. “There’s a dire need for a dev tool that helps teams visualize and collaborate when making changes to their backend software. Multiplayer makes design reviews and feature development easier and more collaborative, targeting a massively underserved market in the dev tool space.”

Multiplayer will be available as a public beta this fall. To sign up, please visit www.multiplayer.app.

About Multiplayer:
Multiplayer is a collaborative tool for teams that work on distributed software. Started in 2023 by Steph and Thomas Johnson, Multiplayer brings together all the elements of backend software development in one platform to allow teams to both visualize their system and work on it collaboratively. To learn more, visit www.multiplayer.app.

Press Contact: 

Ruth Sarfaty
201 960 4664
362740@email4pr.com

SOURCE Multiplayer

MIAMI, Aug. 7, 2023 — Taptok, a Miami-based technology startup and innovator in Enterprise and Business software, unveils the latest addition to their platform: the groundbreaking “Environmental Impact” dashboard. This innovative tool empowers businesses and professionals to quantify their contribution towards a more sustainable planet through the adoption of Taptok’s revolutionary digital solutions, including the electronic business cards.

The Environmental Impact dashboard provides quantifiable metrics on Total Paper Saved and CO2 Saved, illuminating the environmental benefits of transitioning away from traditional business practices. Taptok’s scientifically backed calculations put the power in users’ hands to track their progress towards creating a more sustainable future.

“By replacing traditional paper business cards with Taptok’s electronic counterparts, businesses not only modernize their operations but also reduce their environmental footprint. Our new dashboard brings this often-overlooked impact to the forefront, providing transparent, evidence-based metrics for our users,” said Taptok CEO, Jaime Manteiga.

With this launch, Taptok reaffirms its commitment to maintaining a 100% carbon-neutral platform, in partnership with tech giant Microsoft. The Miami-based startup is not only transforming the way businesses connect and engage with their audiences but also reshaping the role of technology in quantifying positive environmental impact.

With this launch, Taptok reaffirms its commitment to not only transforming the way businesses connect and engage with their audiences but also pioneering the role of technology in binding innovation and sustainability, an integral part of Taptok’s mission. “We believe that innovation and sustainability must go hand in hand,” added Jaime Manteiga.

The Environmental Impact dashboard is a unique value proposition for businesses and professionals seeking to demonstrate their environmental responsibility, offering a tangible and quantifiable means of measuring their positive impact. This tool also offers the transparency and trust required by forward-thinking investors committed to supporting sustainable businesses.

The launch of the Environmental Impact dashboard solidifies Taptok as a pioneering technology startup, providing solutions that drive both business performance and environmental sustainability. This exciting development positions the company as an attractive opportunity for investors looking to support innovative solutions that align with their sustainability commitments.

Taptok invites environmental enthusiasts, reporters, investors and the press to explore the new Environmental Impact dashboard, signaling a new era in how technology and businesses can collaboratively tackle environmental challenges.

About Taptok:

Taptok is a Miami-based technology startup focused on Enterprise and Business software. The company is revolutionizing how businesses connect and engage with their audiences by offering a set of physical and digital solutions in a 100% carbon-neutral environment.

Press Contact:
Rocco Aruzzi
Miami, FL
[email protected]
https://tt.social
+1 (888) 337-0949

SOURCE TAPTOK