Company Secures Financing to Accelerate Growth

EAST HARTFORD, Conn., July 17, 2023 — HyAxiom, Inc., a leading developer and manufacturer of fuel cell and electrolyzer solutions (“HyAxiom” or the “Company”), announced today the completion of a private placement of convertible preferred stock in an aggregate amount of approximately $150 million (the “Private Placement”), led by three Korean investment firms – Korea Investment Private Equity, KDB Investment–Hana Securities and KB Asset Management.

The Company intends to use the net proceeds of the Private Placement for capital expenditure, research and development, as well as for working capital and general corporate purposes, as HyAxiom focuses on expanding its U.S. and global business as well as developing and launching new products, including the expansion of production and continued research and development of its PEM electrolyzer (PEMEC) system, which was launched this year.

“This investment comes at a critical juncture, as we finalize the development of new clean energy solutions and move towards commercializing these offerings, including our first electrolyzer system. The funds will help expedite our growth and take full advantage of the impetus provided by the Inflation Reduction Act and the recently announced ‘U.S. National Clean Hydrogen Strategy and Roadmap’,” said CEO Jeff Hyungrak Chung.   

The securities sold and issued in the Private Placement have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws and may not be offered or sold in the United States absent registration with the U.S. Securities and Exchange Commission or an applicable exemption from such registration requirements.

This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security and does not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About HyAxiom, Inc.

HyAxiom develops, manufactures, installs and services reliable and innovative energy solutions, including stationary fuel cells and electrolyzers, for utility, industrial and commercial customers who seek cleaner and more sustainable sources of energy. The world’s first and largest stationary fuel cell power plant (50 MW) running on direct hydrogen, which entered commercial service in 2020 in Korea, is powered by a hydrogen-fueled variant of HyAxiom’s flagship product, the PureCell^Ⓡ M400.

In the U.S., HyAxiom has deployed around 50MW of total generation capacity between 2010 and 2022, amounting to more than 117 PureCell^Ⓡ M400 units. HyAxiom is continuing to expand its presence in the U.S. by working with a variety of customers and partners in the Microgrid, Utility, and C&I (Consumer and Industrial) sectors, including by participating in port authority projects and government sponsored regional clean energy generation initiatives such as Connecticut’s Shared Clean Energy Facility (SCEF) projects, one of which was recently awarded to HyAxiom.

Formerly known as Doosan Fuel Cell America, Inc. (DFCA), the Company was established in 2014 by uniting two industry powerhouses, UTC Power, a division of United Technologies Corporation, and Doosan Group. Known for technological innovation, UTC Power developed and supplied the fuel cells used aboard the Apollo spacecrafts in the late 1960s. With a history dating back to 1896, Doosan Group is the oldest and one of the most prominent conglomerates in Korea, with a focus on power generation, desalination, infrastructure development and compact construction equipment manufacturing (including Bobcat, the U.S.-based leader in the compact construction equipment space). In 2022, the Company rebranded as HyAxiom, a portmanteau signifying the axiomatic role that hydrogen-based energy systems are expected to play in meeting the ever-growing demand for cleaner energy.

The PureCell^Ⓡ M400, HyAxiom’s proprietary phosphoric acid fuel cell (PAFC), is credited with solidifying the company’s strong foothold in the fuel cell industry. With features that include an expected 10-year maximum stack life, 90 percent efficiency in combined heat and power applications, load-following capabilities, fuel flexibility (natural gas, liquefied petroleum gas and hydrogen), high versatility in installation (including indoors, outdoors, rooftops and in multiple stacks), and environmental, social and governance (ESG) benefits with CARB (California Air Resources Board) certification, HyAxiom fuel cells have become a favored choice for a wide range of users and applications, including municipalities, educational institutions, electric utilities, industrial facilities and microgrids, to name a few.

Leveraging the technical expertise and know-how acquired through decades of designing, developing, and manufacturing fuel cell systems, HyAxiom is developing a 300-kilowatt solid oxide fuel cell (SOFC) product, which will further increase the Company’s product portfolio for the stationary fuel cell market.

In the mobility sector, HyAxiom is developing a PEMFC powerpack that can provide clean energy to power buses, heavy to medium-duty trucks and other industrial vehicles. Simultaneously, HyAxiom is developing a SOFC product that will be engineered for use as a propulsion system in the maritime sector. Last year, HyAxiom entered into an agreement with Shell, Korea Shipbuilding & Offshore Engineering and DNV to develop and deploy a SOFC-propulsion system for use in Shell’s LNG tankers and other maritime applications.

Contact Information

Linda M. Colón
Marketing Communications Manager
M: 860.338.8781
E: [email protected]

SOURCE HyAxiom, Inc.

SINGAPORE and LONDON, July 17, 2023 — Thunes, the global B2B payment infrastructure platform, today announced the addition of three prominent investors – Visa, a world leader in digital payments, EDBI, a Singapore-based global investor and Endeavor Catalyst, a San-Francisco co-investment fund of Endeavor – to its Series C funding round, supporting its mission to address the inefficiencies of moving money internationally and create a next-generation payment system that is secure, instant and transparent.

This investment brings the total Series C funding to USD $72m, coming shortly after Thunes announced an investment of $60m led by London-based hedge fund Marshall Wace with support from Bessemer Venture Partners and Southeast Asian private equity firm 01Fintech.

Thunes already has an ongoing global partnership with Visa. In October 2022, Visa and Thunes announced a strategic collaboration to extend Visa Direct’s reach to 1.5 billion digital wallets. Through this partnership, Thunes B2B payments platform offers a send-to-wallet capability to 78 digital wallet providers globally. Using an API integration with Visa Direct, Visa’s customers – financial institutions, governments, neobanks and money transfer operators – can enable consumers and small businesses to send funds to eligible digital wallets in Africa, Asia, and Latin America, powered by the Thunes global network.

Peter De Caluwe, CEO, Thunes, says: “We’re proud to close Series C with such a strong roster of influential investors. Support from Visa, EDBI and Endeavor is a powerful endorsement of our strategy and capabilities, providing us with additional resources to develop innovative solutions to face industry challenges. By leveraging the insights and support of our investors, we will expand our network and offer businesses and consumers an unparalleled cross-border payments experience. I’m delighted to see an even deeper collaboration with Visa. Together, we will pave the way towards a global payment ecosystem that is inclusive, efficient and ubiquitous.“

“And as a Singapore-based company, EDBI’s backing is also incredibly important to us. Though our business has a global nature, Singapore continues to serve as our home-base and we are proud to be deeply embedded in this dynamic global Fintech hub. This supportive ecosystem provides us great benefits, with a market for top talent, an excellent infrastructure, and a progressive regulator at the forefront of financial innovation.”

Ruben Salazar Genovez, Global Head of Visa Direct, adds: “Digital wallets play a key role in providing underserved communities with greater economic empowerment and financial inclusion by penetrating previously unreached regions. Visa is proud to take part in Thunes’ Series C investment round and we look forward to continuing our collaboration aimed at providing more customers around the world with quick and simple access to the financial system through digital wallets.”

Paul Ng, CEO of EDBI, adds: “Thunes’ commitment to addressing the business challenges of international money movement aligns well with our mission to strengthen Singapore’s position as a global innovation and financial hub. As strategic investors, we deeply appreciate the significance of nurturing Singapore-based companies like Thunes throughout their growth journey, and we are excited to provide our support in expanding their local and regional presence. We anticipate a close collaboration with Peter and his team as we work together to achieve even greater milestones.”

About Thunes: Founded in 2016, Thunes is a global B2B payment infrastructure platform that powers payments for the world’s fastest-growing businesses – from gig economy giants such as Uber and Deliveroo and Southeast Asia’s super-app Grab to global fintech leaders such as PayPal, Remitly, Finastra and Revolut. Through a single, simple connection, consumers and businesses can send payments to – and get paid in – every corner of the world. Thunes currently supports 80 currencies, enables payments to 132 countries and helps to accept 300 payment methods. In April 2022, Thunes acquired a controlling stake in a leading anti-money laundering and compliance platform company Tookitaki, which now enables the company’s advanced compliance, anti-fraud and anti-money laundering capabilities, setting an international benchmark for sustainable compliance. The company is headquartered in Singapore, with regional offices in London, Paris, Shanghai, Beijing, Dubai, Hong Kong, Barcelona, Miami and Nairobi. Current investors include Visa, EDBI, Endeavor Catalyst, Marshall Wace, Bessemer Venture Partners, 01Fintech, Future Shape, Insight Partners, Checkout.com, Helios Investment Partners and GGV Capital. For more information, visit www.thunes.com

SOURCE Thunes

SUNNYVALE, Calif., July 17, 2023 — Figure, an AI Robotics company building general purpose humanoid robots, today announced a $9 million equity investment made by Intel Capital. This funding from Intel Capital helps strengthen Figure’s balance sheet and will accelerate the development of Figure 01 (the company’s autonomous humanoid robot), build out Figure’s AI data pipeline for autonomous operations, and drive the Company towards commercialization. This announcement follows the Company’s most recent achievement of the Figure 01 robot taking its first steps.

Intel Capital is a notable addition to Figure’s Series A funding round and is joining other top-tier investors such as Parkway Venture Capital, Brett Adcock, Aliya Capital, Bold Capital Partners, Tamarack Global, FJ labs, and former KUKA Robotics CEO Till Reuter.

In addition to this capital investment, Figure 01 entered the testing phase a few months ago and reached many technical milestones led by a best-in-class engineering team. Most notably, the robot took its first walking steps in May – less than one year from the Company’s inception. This is a momentous achievement for Figure and is one of the quickest turnarounds in humanoid history. 

“Intel Capital is at the forefront of making big, bold frontier bets and we are excited to share the same vision of a better future,” said Brett Adcock, Founder and CEO of Figure. “This investment along with the global resources and expertise of the Intel team will help accelerate the growth and success of Figure.”

“Intel Capital is constantly searching for companies that push the boundaries of innovation, and we believe that Figure has the potential to shift the way the world thinks about artificial intelligence,” said Mark Lydon, Managing Director at Intel Capital. “Figure’s focus on enhancing the labor economy is an essential part of our future, and we look forward to being at the forefront to support humanoid development.”

About Figure

Figure is an AI Robotics company developing autonomous general purpose humanoid robots. Our Humanoid is designed for initial deployment into the workforce to address labor shortages, jobs that are undesirable or unsafe, and to support supply chain on a global scale. Figure is a team of 50 employees based in Sunnyvale, California. 

For more information about Figure, visit www.figure.ai.

SOURCE Figure AI Inc.

Firm’s oversubscribed third fund brings total raised to $1.3 billion since founding in September 2018

David Allison, Ph.D., joins Beth Seidenberg, M.D., and Mira Chaurushiya, Ph.D., as managing directors

LOS ANGELES, July 17, 2023 — Westlake Village BioPartners (“Westlake”) today announced the launch of its third fund of $450 million to incubate and grow early stage next-generation biotechnology companies in the Los Angeles region and beyond. The new fund will be managed by founding managing director Beth Seidenberg, M.D., managing director Mira Chaurushiya, Ph.D., and David Allison, Ph.D., who was recently appointed managing director.

“This new fund will enable us to continue to do what we do best­ – build great companies from the ground up that make a difference for patients and generate outsized returns for investors regardless of market conditions,” said Dr. Seidenberg. “Our investors recognize our strategy is working and have demonstrated their commitment through this new investment.”

Westlake will use the funds to continue to incubate and build early stage companies, by matching promising next-generation technologies with world-class talent to create transformative therapies that will change patients’ lives.

Building a Venture Capital Firm to Last
Westlake announced the appointment of Dr. Chaurushiya as a senior partner in early 2022, and with the start of the new fund her promotion to managing director, and today announced Dr. Allison’s appointment as managing director. Along with Seidenberg, Chaurushiya and Allison will lead the new fund.

“Our goal is to build a venture capital firm for the long term,” said Dr. Seidenberg. “Adding Mira and David to our leadership team allows us to leverage their deep scientific, business, and investing expertise across our entire portfolio, while also building Westlake’s next generation of leaders.”

“Working with Beth and reuniting with Mira at Westlake is a once-in-a-lifetime opportunity,” said Dr. Allison. “The firm has a focused, disciplined, and consistent investing strategy, which aligns with my approach throughout my investing career. Having created more than 20 high-quality companies since Westlake’s founding in September 2018 is an impressive record by anyone’s standards and I am thrilled to continue this work as we launch the new fund.”

Dr. Allison has spent the past 15 years in biotechnology venture capital, including most recently as a partner at 5AM Ventures. While at 5AM, he was involved in investments including CinCor Pharma (acquired by AstraZeneca), Crinetics Pharmaceuticals, Impel Neuropharma, Inipharm, Neurogastrx, and Radionetics. Prior to 5AM, Dr. Allison was a principal at Versant Ventures and held previous roles at Split Rock Partners and PTV Healthcare Capital. He received a Ph.D. from Rice University and a B.S.E. from The University of Iowa. 

Dr. Chaurushiya was most recently at 5AM where she was a partner and involved in investments including Precision Nanosystems (acquired by Danaher), Enliven Therapeutics, Purigen Biosystems (acquired by BioNano), Escient Pharmaceuticals, Novome Biotechnologies, and TMRW. Dr. Chaurushiya is a fellow of the Society of Kauffman Fellows. She received a Ph.D. from the University of California, San Diego in conjunction with the Salk Institute for Biological Studies, where she was awarded the Martin Kamen Thesis Prize in Biochemistry, and was a postdoctoral fellow at Genentech. She received a B.A. from Carleton College.

Catalyzing the Los Angeles Biotech Hub
Westlake pioneered the creation of the Los Angeles Biotech Hub and has so far established eight companies in the region. “Los Angeles has a culture of innovation that is underappreciated in the biotech world,” said Dr. Chaurushiya. “We have outstanding entrepreneurial and industry-experienced talent, world-class academic institutions, and sufficient venture capital with expertise in building biotech companies. Along with the wonderful Southern California lifestyle, this is a recipe for success.”

About Westlake Village BioPartners
Westlake Village BioPartners is a Los Angeles area-based venture capital firm focused on incubating and building life sciences companies with entrepreneurs who have the potential to bring transformative therapies to patients. Westlake manages more early-stage venture capital solely from the greater Los Angeles area than any other firm. The Westlake model is built on the founding team’s unique experience in successfully identifying and developing breakthrough therapies and building organizations, based on their extensive R&D, investing and company-building experience. For more information, please visit www.westlakebio.com.

SOURCE Westlake Village BioPartners

CALGARY, Alberta, July 14, 2023 — After an extensive four-month search, AVAC Group’s Board of Directors is pleased to announce the appointment of Martin Vetter as Chief Executive Officer. This appointment is an important milestone in AVAC’s continued growth as a venture capital company.

Martin joined AVAC in 2008 after 20 years of new product commercialization experience at high-growth tech companies. During his 14 years with AVAC, Martin led many successful investments across AVAC’s technology and AgTech portfolio, gaining an extensive understanding of all aspects of venture capital. He currently serves as a director or observer on the boards of seven companies.

Since 2019, Martin has led AVAC’s Carrot Ventures initiative. Carrot is a venture studio dedicated to forming new Canadian AgTech companies. In 2021, AVAC and Farm Credit Canada invested as limited partners in Carrot Ventures Fund I, L.P., a $15M AgTech fund managed by AVAC.

Susterre Technologies Inc. and Cellar Insights Inc. are the first two companies formed by Carrot.

Martin earned a B.Eng from Memorial University of Newfoundland and an MBA from the University of Calgary. He recently completed the Private Capital Governance Program offered by the CVCA in partnership with the ICD.

About AVAC Group

AVAC is a Canadian venture capital company which applies its knowledge, network, and capital to advance the commercialization of technology to achieve a sustainable world.

Carrot Ventures is AVAC’s primary mechanism for achieving this goal. Carrot forms and funds new companies across the entire AgTech value chain. AVAC is also an active limited partner in select Canadian and U.S. venture capital funds.

For information visit: https://avacgrp.com/

Media Contact:
Alfred Sailer, Board Chair of AVAC
[email protected]
(587)226-6812

SOURCE AVAC Group

LOS ANGELES, July 14, 2023 — Today, Readout AI is announcing it has raised its pre-seed funding. The round, led by Meridian Street Capital, with participation from Mucker Capital, Necessary Ventures, and angel investor Ryan Fukushima (COO of Tempus and CEO of Pathos), will enable the company to accelerate its product development, deepen its AI sophistication, and expand its team.

Founded by experts in both AI and pharmaceutical services, the team believes that AI will turbocharge the biostatistical and medical writing tasks associated with clinical trials.

“We are beyond excited to have secured this funding from such impactful and supportive investors,” said Matthew Michelson, PhD, CEO of Readout AI. “This investment validates our vision and the potential impact our technology can have in clinical trials.”

Readout AI’s platform automatically analyzes data with the appropriate statistics and then describes the results in formats ranging from table descriptions to abstracts to posters. The goal is to alleviate the bottlenecks associated with clinical data analysis and reporting by turning trial data into accessible, human-readable insights, in seconds.

“One application that’s often overlooked is technology to improve trial progression and performance – most people just focus on the start, patient recruiting, and at the end, final results. But Readout’s AI can also help analyze and report on progression, which is a novel improvement,” says Michael Shleifer, PhD, co-founder of Readout AI.

“Readout AI continues our thesis that AI can shift the healthcare landscape in fundamental ways,” said Scott Law, General Partner of lead investor Meridian Street Capital. “Using AI to enhance the productivity of biostatistics and medical writing will change the speed at which crucial insights come from trial data.”

For more information on Readout AI and it’s technology, please visit http://readout.ai.

SOURCE Readout AI, Inc.

The AI-powered code cartography solution brings a new approach to code visualization and organization

RALEIGH, N.C., July 14, 2023 — Devnaut, a Software as a Service (SaaS) platform that creates, visualizes and organizes codebase maps through AI, today announced its public launch out of High Alpha Innovation‘s venture-building program with pre-seed investment from Capital One Ventures.

As codebases continue to grow in size and complexity, developers, engineers, and technology leaders are increasingly facing the difficult and time-consuming challenges of navigating unfamiliar, frequently-changing code. Sixty-two percent of those surveyed  identify unclear ownership boundaries as their primary challenge at work, and nearly three out of four wish they spent less time tracking down colleagues to resolve application issues, according to a study published by Sentry in partnership with SlashData.

Devnaut is addressing this challenge and revolutionizing the way developers interact with complex codebases through its proprietary, intuitive, AI-powered code cartographer. The code exploration and collaboration tool fosters increased productivity, team collaboration and significant reductions in forensic work by helping developers, managers, and executives obtain real-time visibility. Using the C4 model, Devnaut’s novel approach is enabling organizations to visualize and automatically organize code. 

“The industry has been building low-level code tools geared toward serving single pain points for developers for decades, but no one has solved for the macro-level perspective. By visualizing complex codebases, Devnaut is eliminating the burden of time-consuming manual forensic work and empowering developers to focus on what matters most: building great software,” said Devnaut Co-Founder and CEO, Jeff White. “Devnaut’s mission is to make code accessible and collaborative, and our code cartographer is the first step towards achieving that vision.”

White, a serial entrepreneur and experienced senior executive, leads Devnaut alongside veteran tech and engineering leader Bob Donald, Co-founder and CTO. Together, they bring over 55 years of experience building, leading, and growing SaaS technology startups. White, a five-time founder, previously founded Driven CRM, Pensmore Software and Agility Payments, and has held executive positions at Rocket Matter and ClearSpend. Donald, a current Boston University Graduate Lecturer focused on artificial intelligence, brings a wealth of experience leading technology and engineering functions at SaaS organizations such as Zebra Technologies, SAS, and Monster.

“There’s a unique opportunity for innovation at the documentation layer, making granular, fragmented information systematically accessible. This facilitates developer onboarding and allows tenured engineers to use their time more productively,” said Phil Kim, partner at Capital One Ventures. “To build, innovate and meet evolving requirements, engineers need context on how their technical systems are set up and Devnaut is addressing that intricate challenge.”

“At High Alpha Innovation, we are proud to co-create world-changing startups with top global corporations,” said Elliott Parker, CEO of High Alpha Innovation. “Devnaut is addressing an industry-wide challenge that has the extraordinary potential to dramatically reshape the way technology teams and organizations operate.”

About Devnaut
Devnaut is the world’s first AI code cartographer redefining how technology teams interact with complex codebases. Through AI-powered visualization and organization, Devnaut minimizes the time spent on code forensics, enabling a seamless software development, navigation and collaboration experience for developers, engineers and technology leaders. Learn more about Devnaut at www.devnaut.io.

About High Alpha Innovation
High Alpha Innovation is an Indianapolis-based venture studio that partners with corporations and universities to build advantaged startups. Its dedicated team of company builders, strategists, and designers apply a proven venture studio playbook — pioneered by High Alpha — to help the world’s leading organizations innovate through systematic startup creation. Learn about High Alpha Innovation at highalphainno.com.

Media Contact
Kai-Ming Cha
High Alpha Innovation
[email protected]

SOURCE High Alpha Innovation

The application leverages open-source communication protocols to give users more digital agency

NASHVILLE, July 14, 2023 — Today, Primal, a technology company leveraging open-source communication protocols to give users back agency online, announced the launch of its flagship application following a $1M seed round led by Ten31 with participation from Hivemind, and others. Built on the Nostr protocol, Primal is a social media application designed for complete freedom of expression without the risk of de-platforming.

The launch of Primal comes at a pivotal moment when new players are entering the space to challenge legacy social media platforms, and more venture capital funds are being directed toward the development of open-source ecosystems like Nostr.

Beyond its flagship application, Primal builds scaling infrastructure and discovery services for Nostr. Primal is the first Nostr company to open source its entire product stack including its caching and discovery service, Primal Server, as well as, its web, iOS, and Android apps. Its powerful discovery features including search, trending content, and analytics, make primal.net the go-to destination for people who wish to explore Nostr. With this seed round, Primal will focus on accelerating the development of an immersive user experience in a burgeoning Nostr ecosystem.

“We are building Primal to offer an alternative to closed social media platforms”, said Miljan Braticevic, CEO of Primal. “With Nostr, we now have an open publishing protocol with a monetary network attached to it in the form of zaps – bitcoin lightning micropayments. This combination will change everything. We are proud to partner with investors like Ten31 and Hivemind, who are already able to see this future and are willing to fund startups like Primal to build it.”

“Nostr is a robust, decentralized, and open communication protocol that will revolutionize the way we communicate online”, said Matt Odell, managing partner at Ten31. “Now more than ever, users value privacy and freedom of expression, and we are proud to support Primal’s mission of making this protocol accessible to billions of people around the world.”

With Primal, users can pay each other bitcoin “zaps” through the app by clicking the lightning bolt button on posts they appreciate. Primal also uses this information for its discovery feature. Posts that receive more bitcoin are featured in their trending lists.

Primal is currently fully available on the Web. Primal for iOS is currently available in beta via TestFlight, with a release for Android planned in the future. To learn more about Primal, visit www.primal.net. To learn more about Nostr, visit https://nostr.com/.

About Primal
Primal is a Canadian social media company focusing on building on open protocols like Nostr and Bitcoin.

About Ten31
Ten31 is the leading platform investing in companies building infrastructure and technology in the Bitcoin ecosystem. With a footprint in Nashville and Austin, Ten31 seeks to support the ecosystem’s most promising founders and companies, leveraging its deep understanding of Bitcoin, extensive experience, and broad reach to create value for its partners. Since the fund’s inception, Ten31 has directed more than $100 million in equity to companies building on Bitcoin and the Lightning Network. For more information, visit www.ten31.vc

Contact
Inkhouse for Ten31
[email protected]

SOURCE Ten31

LOS ANGELES, July 14, 2023 — LunarCrush, the trailblazing crypto and media analytics platform, announced a successful $5 million Series A fundraising round, boosting the company’s valuation to an impressive $30 million.

The round was jointly led by Draper Round Table / INCE Capital, with significant contributions from a consortium of investors. Among these contributors, Blockchain Founders Fund, Draper Associates, WWVentures, TRGC, Bitcoin Frontier Fund, Draper Goren Holm, Side Door Ventures, MoonPay, EMURGO, LBANK Labs, FUNFAIR Ventures, and Techstars stand out. Renowned angel investors David Bleznak and Francisco Oliva-Velez Cancel also joined the round. LunarCrush is a proud Techstars LA 2019 alumni.

LunarCrush’s additional capital will supercharge its mission to transform the way individuals consume social media. Built upon invaluable experience derived from the crypto and financial sectors, their pioneering tool allows users to curate their social media feeds. This innovative solution offers users the means to navigate the vast sea of social media content and identify trends resonating with their unique interests in real time.

“Our work in the crypto and financial sectors, where noise levels are notoriously high, underscored the need for custom algorithms that allow users to delve deeper into their preferred content and discover trending topics in real time,” shared LunarCrush CEO Joe Vezzani.

Rather than merely following individuals, LunarCrush is catalyzing a seismic shift towards a topic-centric social media landscape. This transformative approach enables users to curate a more enriched, personalized experience, following their interests as they unfold in real time across various social media platforms.

Aly Madhavji, Managing Partner at Blockchain Founders Fund, an early investor in LunarCrush, expressed his enthusiasm about the company’s evolution: “We believe in the LunarCrush team, vision, expertise and foresight. The company has seen tremendous growth a clear indicator of their strong capability to deliver a premier product and fill the need for social sentiment analysis and data analytics in the crypto and finance space. We’re excited about the future and how LunarCrush will play a role to further user empowerment.”

In a realm where people want to leave their echo chambers and understand trending topics holistically, LunarCrush’s solution is game-changing. LunarCrush invites all to experience this ground-breaking tool and heralding a new era of social media, where personalized, real-time content is not just a possibility, but a reality.

About LunarCrush

LunarCrush’s mission is to foster mindful media and create transparency for the world’s social media discourse. Our platform, first proven in the cryptocurrency and financial industries, now provides a novel solution for the information-saturated social media landscape, offering a tailored approach to media consumption beyond the control of traditional algorithms.

SOURCE LunarCrush