Vesey Ventures Launches $78M Debut Fund to Help Startups Break into Financial Industry & Accelerate Growth

Former AMEX Ventures Managing Directors launch debut fund to identify and access game-changing business development opportunities for early-stage fintech companies

Founding partners bring decades of investing and business development expertise, having made early investments in 50+ fintech companies including Melio, Plaid, Stripe and Trulioo

Vesey Ventures will leverage its extensive network and domain expertise to identify, fund and scale the next generation of great fintech companies

NEW YORK, April 20, 2023 — Vesey Ventures, an early stage venture firm that invests in companies transforming financial services, today announced the close of its debut fund totalling $78 million. Vesey Ventures was founded by three former Managing Directors at AMEX Ventures, Dana Eli-Lorch, Lindsay Fitzgerald and Julia Huang, and will invest in early-stage fintech and enabling technology companies where opportunities for early partnerships with financial incumbents exist. Based in the United States and Israel, the fund has already made several notable investments including Coast, Cyrus, Grain, Equi and Proper.

With nearly a decade of experience investing together and establishing partnerships for fintech companies, Eli-Lorch, Fitzgerald and Huang are uniquely positioned to identify and access game-changing business development opportunities for their portfolio. The founding team has a track record of investing in early fintech winners like Melio, Plaid, Stripe, and Trulioo and has established more than 100 partnerships between startups and financial services institutions. Vesey Ventures combines the best of their backgrounds – deep domain expertise in traditional financial services and a unique understanding of the startup ecosystem – to identify, fund and scale the next generation of great companies. 

“Financial incumbents still own the crucial pieces startups need to succeed – infrastructure, capital, licenses and customers – and we’ve seen firsthand how the most successful fintech companies were built in partnership with incumbents,” said Founding Partners Dana Eli-Lorch, Lindsay Fitzgerald and Julia Huang. “We created Vesey Ventures to give our portfolio companies a competitive edge early on by bridging the gap between the companies in need of new technologies and those building them. Partnerships can be a game-changing part of a fintech company’s growth story and we have an unparalleled track record of delivering these for our founders.”

In addition to every Term Sheet, Vesey Ventures issues a ‘Strategy Sheet’ to every portfolio company outlining how the firm will leverage its extensive network of strategic investors and advisors to act as a company’s first business development team. As industry insiders who have operated for years at the intersection of finance and technology, the firm specializes in identifying partnerships and providing strong access points within the financial services ecosystem to make them happen. 

“Partnering with Vesey Ventures has been jet fuel for Coast” said Coast Founder and CEO Daniel Simon. “The team immediately showed a deep understanding of my business and identified the tactics they could deploy to move the needle for us. They put it on paper right away, and they’ve delivered. They had innovative, actionable business development ideas that helped shape our go-to-market strategy. They found us the right hires and advisors when we needed them. They are indispensable to fintech founders.”

“Business development in the financial industry is not just a nice to have, it’s a need to have, and Vesey Ventures are the type of insightful, strategic partners you want at the table,” said Trulioo Co-Founder Stephen Ufford. “Founders working in banking, payments, data networking and compliance will find the team’s expertise to be unmatched. Vesey Ventures know the decision makers, they can make connections and they have experience. They are relentless when it comes to business development and never gave up on helping Trulioo acquire our first major banking customer.”

Israel serves as a critical market for a number of Vesey Venture’s focus areas including early-stage fintech, enterprise software, cybersecurity and data & AI. The team previously invested in a number of Israeli companies including BioCatch, Melio, and Next Insurance, and the fund has already invested in two Israeli-based portfolio companies. With offices in the US and Israel Vesey Ventures is well positioned to help local startups partner, expand and commercialize in the US.

The founders previously made early investments in some of the world’s most successful fintech companies including Stripe, Plaid, Toast, Melio, Trulioo, Signifyd, iZettle, FalconX, Menlo Security, BioCatch, and Codat.

About Vesey Ventures

Vesey Ventures is an early-stage venture firm based in the US and Israel investing in companies transforming financial services. Founded by a trio of longtime fintech investors and operators, Vesey Ventures invests in companies where opportunities for early partnerships with financial incumbents exist. Vesey Ventures combines deep domain expertise in traditional financial services with a unique understanding of the fintech startup ecosystem to bridge the gap between the companies in need of new technologies and those building them.

Media Contact:
[email protected]

SOURCE Vesey Ventures


TOJOY CEO Ge Jun – “Clean Air Revolution” for Hotel Industry

BEIJING, April 20, 2023 — March 11, 2023, TOJOY, China’s largest business acceleration platform announced plans for its new Oxygen-negetiveBar Hotel business during the China Hotel Green Development Forum.

TOJOY CEO Ge Jun’s keynote on speech outlined TOJOY’s approach to unifying enterprises and talent on health issues to spur new business in China’s booming hospitality and health sectors.

The health and comfort of guests in hotels across China is an increasing priority for many hospitality businesses. According to Chinese Academy of Engineering medical and engineering expert Yu Mengsun, “Turning hotels into a healthy living environment that make use of air purification” can improve air quality in confined spaces and provide better sleep and recovery for guests.

TOJOY’s Oxygen-negetive Bar Hotel business will primarily integrate air purification technology known as Boss Health Hotel Oxygen-negetive Bar into existing hotels. Hotel clients can work with TOJOY partners to integrate and maintain negative ion generators to existing hotel rooms without additional investment to remodel rooms or air circulation systems. TOJOY says the resulting air conditions in rooms with the technology installed will be near forest-level. Hotels may find the service useful for aiding in room sterilization, disease prevention, better sleep for guests, and overall guest health.

Boss Health Hotel Oxygen-negetive Bar president Zhang He said that the service is operating in more than 63,000 rooms nationwide. This is the second phase of the technology service’s nationwide rollout, bringing a higher tech, lower investment model to entrepreneurs across the country.

According to Zhang, more than one thousand four- and five-star hotels have signed contracts with Boss Health Hotel Oxygen Bar, including well-known brands such as Jianguo Hotel, Narada, Marriott, Arcadia, and Wanda.

During the forum, Robam Health Technology Group also established a “China Hotel Association Oxygen Bar Hotel Special Working Group” under the guidance of China Hotel Association.

SOURCE TOJOY SHARED HOLDING GROUP


PartnerHero makes an investment in Jiffy, an early stage CX software product

The investment is being made through the first round of PartnerHero’s CX Innovators Fund

BOISE, Idaho, April 20, 2023 — Customer operations outsourcing leader PartnerHero (www.partnerhero.com), announced today that it is investing $50,000 in a customer experience-focused startup, Jiffy (https://www.learnwithjiffy.com/). The investment is part of the CX Innovators Fund, an investment vehicle launched by PartnerHero in 2022 to support founders coming from backgrounds in customer experience who are working on products designed to improve the CX landscape.

In addition to the $50,000 in funding, invested using a SAFE note, Jiffy will receive mentorship from a group of CX experts from PartnerHero and other companies.

“We created the PartnerHero CX Innovators Fund because we saw a gap in the startup funding landscape,” said Mercer Smith, VP of Insights & Community at PartnerHero. “Traditional equity investors tend to back engineers, designers, and business school grads, but we think a career in customer experience is just about the best preparation someone can get for being a founder. We were rewarded with applications from some extremely innovative companies, including our winner Jiffy.”

The company selected for the inaugural CX Innovators Fund will also be able to receive valuable feedback on their products from PartnerHero’s more than 2,000 customer experience associates.

“The CX Innovators Fund is truly one of the only funds that is specifically tailored to the world of CX and support,” said Ben Wright, cofounder of Jiffy. “I have admired the PartnerHero team for many reasons, and that made the decision to apply that much easier. We’re seeing decent early traction with Jiffy, and have validated the product with over 50 CS leaders. This money will help get the MVP into our early customers’ hands, as well as additional marketing support.”

PartnerHero intends to repeat the CX Innovators Fund in 2023. Details will be made available later this year.

About Jiffy
Jiffy is an automated knowledge base that helps CX teams save time and streamline operations by making knowledge management part of the team’s day-to-day workflow.

About PartnerHero
PartnerHero is a provider of premium customer operations outsourcing, including customer support, trust & safety, content moderation, QA, tooling implementation, and CX strategy. The company has offices in the United States, Honduras, Romania, and the Philippines, and remote employees in dozens of additional countries.

SOURCE PartnerHero


Tamnoon Unveils Revolutionary Managed Cloud Protection Service

Cloud Security Innovator Optimizes Security Posture with AI and Human Expertise

SAN FRANCISCO, April 20, 2023 — Tamnoon, an innovator in Managed Cloud Protection, announced they have emerged from stealth, secured funding, and will be showcasing their Assisted Remediation solution at the upcoming RSA Conference in San Francisco. The revolutionary solution leverages the power of AI coupled with human expertise, empowering security teams to deliver a superior level of cloud protection for organizations of all sizes.

Tamnoon, founded by industry veterans previously at Deloitte and Dome9 Security (acquired by Check Point), has raised a round of seed funding from investors including Merlin Ventures, toDay Ventures, Secret Chord Ventures. The funds will be used to expand services delivery capacity across all major Cloud Native Application Protection Platform (CNAPP) and Cloud Security Posture Management (CSPM) providers.

“We are thrilled to be showcasing Tamnoon’s managed cloud protection solution which supports all major CNAPP players such as Wiz, Orca, Check Point’s CloudGuard and Palo Alto Networks’ Prisma Cloud,” said Marina Segal, co-founder and CEO of Tamnoon. “Cloud security remains challenging despite the advanced technologies available today. We see a growing number of opportunities to help customers maximize the value of their existing cloud security tools and boost the productivity of security teams.”

The company’s solution augments existing security tools by providing focused priorities, smart insights and ready-to-apply remedies to enable security teams to perform better and maintain a stronger, more resilient cloud security posture. In addition, its innovative Assisted Remediation allows security teams to minimize the strain on development, IT and DevOps teams within their organizations.

Tamnoon already is serving dozens of customers across various industries including insurance, entertainment, software and services. The open-insurance provider, Zinnia, is an early customer that relies on Tamnoon to provide assisted cloud protection services for their cloud environment. “Providing effective auto-remediation and prevention solutions that augment our existing cloud security technology, Tamnoon’s Managed Protection Services allows us to quickly and seamlessly resolve misconfigurations, without impacting our core operations” said Saul Schwartz, Cloud Technology Leader at Zinnia.

As part of its commitment to providing the most comprehensive and effective cloud protection solutions, Tamnoon has also announced several strategic partnerships and integrations with major CNAPP space players such as Check Point, Palo Alto Networks and Sysdig to be part of their Managed Services delivery arm. “We’re thrilled to be partnering with Tamnoon, who will enable our customer’s CloudGuard solution implementations and ensure their cloud protection is maximized at all times through this joint offering,” said Itai Greenberg, Chief Strategy Officer of Check Point.

Tamnoon has also attracted top talent to its advisory board, including Ryan Davis, Chief Information Security Officer at NS1 who shared, “As a CISO, I am constantly looking for ways to improve our organization’s cybersecurity posture. Security teams face a constant stream of alerts and notifications from a variety of sources that yield manual effort to remediate and create alert fatigue. Tamnoon’s approach of using an innovative service delivery platform to provide highly accurate triage process and remediation playbooks coupled with a team of cloud configuration experts, yields a scalable solution that reduces operational burden and prioritization for overtaxed security teams.”

Tamnoon will be showcasing their innovative managed cloud protection platform at the RSA Conference RSAC2023 at Booth #0231 in Moscone South Expo Hall.

About Tamnoon
Tamnoon, the leading Managed Cloud Protection innovator, empowers organizations to strengthen their cloud security posture through an AI driven solution coupled with human expertise. Tamnoon prioritizes critical security tasks, streamlines processes, and offers assisted remediation, prevention, and automation solutions. Tamnoon enhances existing security resources and tailors its solutions to organization’s unique security policies and business context. Tamnoon maximizes security team productivity and strengthens cloud environment protection. Tamnoon’s founders bring decades of industry experience from top-tier companies such as Deloitte, Checkpoint, Dome9, Sysdig, Intel, Fortscale, and others. For more information, visit www.tamnoon.io.

Media Contact:
Marina Segal 
[email protected]

SOURCE Tamnoon

AUTOTECH VENTURES ANNOUNCES NEW $230M FUND

Marks the VC’s Third Fund to Support Leading Ground Transportation Startups 

MENLO PARK, Calif., April 20, 2023 — Autotech Ventures (Autotech), an early-stage venture capital firm with a mission to solve the world’s ground transportation challenges with technology, announced the closing of its third fund. The $230 million fund will be used to invest in Seed through Series C mobility-related startups.

Autotech has over $500M under management and has invested in more than 40 companies. Of its portfolio companies, five have gone public (including indie Semiconductor, Volta Charging, LYFT), four have reached $1B valuations (Outdoorsy, Volta Charging, indie Semiconductor, SWVL) and five have been acquired (DeepScale, XNOR.AI, Digital Motors, Drover, Frontier Car Group).

“Autotech Ventures’ third fund is among the world’s largest mobility-focused funds raised to date and further validates the investment thesis we pursued across our first two funds,” said Quin Garcia, Autotech Ventures managing director. “Since inception, we have recognized the macro-trends of connectivity, autonomy, shared use, electrification, and digitization of enterprise as tidal waves that are fundamentally transforming our industry. We continue to gravitate toward software, services, and capital-light hardware startups that will significantly impact the larger mobility industry.”

In an environment where VC funding is softening, having fresh capital available to invest in the best startups at lower valuations provides additional opportunity for outsized returns.

“This is our largest fund and will allow us to hunt for unique ideas and continue to lead early stage rounds in companies with strong teams and reinvest in follow-on rounds of the teams that are winning,” said Alexei Andreev, Autotech Ventures managing director. “Like the fantastic wines of Napa Valley, venture capital has vintages, and the best vintages often come from a time of down or less than favorable markets.”

As Autotech Ventures expands its portfolio, it is also expanding its leadership team with Tony Rimas who has joined the firm as a venture partner. Rimas, who is the CEO of Repair OnDemand, brings a wide range of experience from the automotive industry, including retail, financial services, aftermarket, and fleet services. 

“We’re double-clicking on automotive retail and repair, supply chain efficiencies, and the picks and shovels that enable electrification, off-road autonomy, and financial and digital enterprise,” said Dan Hoffer, Autotech Ventures managing director. “Tony is a seasoned auto commerce investor and will further expand our capabilities to pursue these markets.”

For more information about Autotech Ventures, visit www.autotechvc.com.

SOURCE Autotech Ventures


J.P. Morgan Growth Equity Partners Closes Inaugural Growth Fund with over $1 Billion in Commitments

Fund investing in growth stage companies across software, fintech, real estate and consumer technology

NEW YORK, April 20, 2023 — J.P. Morgan Growth Equity Partners (GEP) today announced the final close of its inaugural Growth Equity Fund (“Fund”), with over $1 billion in aggregate capital commitments raised from a broad set of institutions, family offices and individual investors across the Americas, Europe and Asia as well as J.P. Morgan.

Growth Equity Partners leverages J.P. Morgan’s global franchise to invest in companies ranging from Series B to pre-IPO stage across software, fintech, real estate and consumer technology sectors. The Fund has more than 80% of its capital commitments available to deploy in new investment opportunities and to help existing portfolio companies scale.

“We are pleased to have raised in excess of $1 billion for our inaugural fund, particularly in a challenging market environment where only two venture funds over $1 billion were raised last quarter1,” said Christopher Dawe, Managing Partner of the Fund. “J.P. Morgan Growth Equity Partners is well positioned to take advantage of the attractive investment opportunities in the current environment.”

“The team remains committed to identifying the next generation of category defining companies. Our goal is simple. We seek to partner with exceptional founders and bring the firm’s resources behind us to help build enduring companies,” added Dawe.

Since launching the Fund, GEP has invested in Plaid, Airtable, Codat and Thoropass (previously Laika), where the team has taken a hands-on approach and utilized JPMorgan Chase’s insights, data capabilities and global network.

About J.P. Morgan Growth Equity Partners and J.P. Morgan Global Alternatives
J.P. Morgan Growth Equity Partners is the technology focused late-stage venture and growth equity investment arm within J.P Morgan Private Capital. J.P. Morgan Private Capital provides customized financing solutions for private companies across the capital structure and is comprised of a growth equity arm and a private debt business. J.P. Morgan Private Capital is part of J.P. Morgan Global Alternatives, the alternative investment arm of J.P. Morgan Asset Management. With more than 60 years as an alternatives investment manager, $211 billion in assets under management and more than 800 professionals (as of December 31, 2022), J.P. Morgan Global Alternatives offers strategies across the alternative investment spectrum including real estate, private equity and credit, hedge funds, infrastructure, transportation and liquid alternatives. For more information: jpmorgan.com/am. J.P. Morgan Asset Management is the brand for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide.

An investment in the Fund will involve significant risks due to, among other things, the nature of the Fund’s investments and actual and potential conflicts of interest. There can be no assurance that the Fund’s objective will be realized. No guarantees, either expressed or implied, are made that the investment strategies described herein will perform as they are intended. Each investor should have the financial ability and willingness to accept the risks including, among other things, the risk of loss of a substantial portion, or all, of its investment, lack of liquidity, lack of diversification of the Fund’s portfolio, use of significant leverage by the Fund, and potentially higher fees and expenses than other investment alternatives, which may offset profits.

Securities products are offered by J.P. Morgan Institutional Investments, Inc., member of FINRA.

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1 Q1 2023 PitchBook – NVCA Venture Monitor First Look, April 5, 2023 

SOURCE J.P. Morgan Asset Management


Nayms raises at $80m valuation in a private funding round led by UDHC

LONDON, April 20, 2023 — Nayms, the world’s first fully-regulated marketplace for on-chain insurance, announced that it has closed it’s private token sale in a round led by UDHC, a leading DeFi investor headed up by the previous senior team at the Maker Foundation, which developed and deployed the MakerDAO protocol. UDHC is aiming to bring DeFi to the mainstream by funding and guiding projects that are building on established DeFi protocols.

Nayms has now raised a total amount of $12m and long-standing supporters such as UDHC, New Form, Tokentus and Keyrock participated in the latest funding round assisting the insurtech startup in their busiest year to come.

“As a fully-regulated marketplace for on-chain insurance, Nayms represents the next major step in risk transfer. Using blockchain technology, Nayms extends traditional risk markets using decentralized tools and features that take risk pricing and management to a new level,” said UDHC CEO Steven Becker. “Bringing on-chain capability to traditional markets creating a new, efficient, and transparent financial future is the primary focus of UDHC, and we believe the team at Nayms has the potential to shape that future.”

The Funding
Nayms will use new funds to expand its global team and accelerate the development of their marketplace for crypto-native insurance. Nayms plans to grow to further support its product development, marketing, and speed up global business expansion. The additional capital will allow Nayms to continue building an end-to-end marketplace to connect brokers, insureds, sponsors, and capital providers.

Pioneering a Future Insurance Market
The startup is reaching final stages of development before launching a number of insurance programs with the likes of Aon, Breach and Evertas. Thanks to the new capital it’s possible to accelerate the engineering efforts for continuous upgrades post-launch as onboarding continues for the first users of the marketplace.

Nayms was the first in the space to hold both the full Digital Asset Business Act license and Innovative Insurer General Business license out of Bermuda, allowing their insurance partners to conduct regulated insurance business on-chain for the first time.

Dan Roberts, CEO of Nayms stated, “It is very exciting for us to work more deeply with one of our very first investors and board members. The real experience that the UDHC team has continues to drive us forward as we navigate building and launching our proposition to the market. This round of funding has set us up for an extremely strong 2023, with all the right players behind us.”

Founded in 2019, the company aims to bring the insurance marketplace into the twenty-first century by building the world’s leading digital insurance marketplace for transparent, traceable, and tradable digital assets risk.

About UDHC
The UDHC is bringing DeFi to the mainstream by funding and guiding early-stage projects that build on established protocols. It focuses on supporting projects it believes will become the integrated ecosystem that provides the critical infrastructure of DeFi.

About Nayms
Nayms is building the world’s leading, fully-regulated marketplace for on-chain insurance. Through our work so far with the industry we are paving the way in providing a new digital asset risk market that allows regulated brokers and underwriters to find digital asset capital providers to share in the premium and liability entailed in covering digital asset risk.

SOURCE Nayms


Piva Capital Strengthens Team with the Addition of Adam Lasics and the Promotion of Roxanne Tully

Strategy and Operations Veteran Lasics Brings Expertise in Investing, Market Insight, and Portfolio Support

Emerging Investment Talent Tully Brings Product Development and Supply Chain Expertise to Lead High Potential Investments Across Industry

SAN FRANCISCO, April 20, 2023 — Piva Capital, a VC firm on a mission to back visionary founders and emerging technology companies transforming industry, today announced the expansion of its team with the appointment of Adam Lasics as Partner of Strategy and Operations and the promotion of Roxanne Tully to Principal.

“What sets Piva Capital apart is our incredible team and our commitment to transforming the industry’s trajectory,” said Ricardo Angel, the CEO and Managing Partner at Piva Capital. “With the exceptional team we have built to date, and the addition of Adam and the promotion of Roxanne, we are well positioned to fundamentally redefine trillion-dollar industrial markets and have a major impact on people and planet.”

Lasics joins as Partner of Strategy and Operations to amplify expertise across investing, market insights, and portfolio support

In this new role, Lasics will focus on investment strategy, deal analysis, and fund operations. He brings over 20 years of experience to Piva Capital, having worked at the intersection of strategy, finance, and energy in complementary investing and commercial roles. Lasics leverages his extensive experience at GE Ventures and GE Energy Financial Services, with $4 billion of transactions in venture capital and private equity, where responsibilities spanned deal execution, portfolio management, board director, and strategic planning roles.

Before GE, Lasics spent six years with McKinsey & Company as a consultant working in multi-disciplinary teams across various industries. He holds a M.B.A. from The Kellogg School of Management at Northwestern University and a B.A. from Rice University.

“Adam is a proven leader with deep strategic, investment, and operating experience, having helped drive the strategic direction of energy and technology companies worldwide,” said Mark Gudiksen, Managing Partner of Piva Capital. “His impressive track record leading key investments at GE Ventures and GE Energy Financial Services, GE’s $16 bn energy private equity and debt business, and his unique background in strategy consulting at McKinsey brings tremendous depth to our growing team – giving our portfolio/fund a foundation of unparalleled financial operations expertise.”

Tully Promoted to Principal to Lead Investments Across Industry

Tully, who joined Piva Capital first as a Summer Associate in 2020 and then as an Investor in 2021, is focused on identifying and supporting visionary entrepreneurs leading the world’s major industries to a more sustainable and resilient future. At Piva, she has been actively involved in multiple investments, including OneRail and Xage.

Before joining Piva, Tully spent four years with BioLite, developing innovative consumer energy products for off-grid communities around the world. There she managed the manufacturing, sourcing, and quality of various consumer electronics, including renewable energy generation and storage systems. Prior to BioLite, Tully worked as an R&D engineer for The Clorox Company, where she developed sustainable packaging solutions for a variety of brands. She holds an M.B.A. from Harvard Business School and a B.S. in Mechanical Engineering from Tufts University.

“One of Piva’s core tenants is to foster and recognize exceptional talent within our firm,” said Adzmel Adznan, Co-Founding Partner at Piva Capital. “Roxanne has exceeded our expectations when it comes to finding and supporting the talented entrepreneurs transforming industry. Her background in supply chain and product development has been an incredible asset to Piva. She has rapidly emerged as a ‘go to’ investor for companies in sectors including energy & storage, transportation, cybersecurity, and nuclear. We are so pleased to officially recognize her contributions with this much-deserved promotion.”

About Piva Capital
Piva Capital is a San Francisco-based venture capital firm investing in visionary entrepreneurs who are solving the world’s critical industrial challenges with breakthrough technologies and innovative business models. For more information, visit Piva.vc, or the company’s LinkedIn and Medium profiles.

Media Contact:
Mary Magnani
CodePR
[email protected]

SOURCE Piva Capital


Volumez Secures $20 Million in Series A Funding to Revolutionize Cloud Infrastructure

Koch Disruptive Technologies leads investment round, accelerating Volumez’s expansion into the U.S. market

SANTA CLARA, Calif., April 19, 2023 — Volumez, a modern cloud infrastructure company, today announced that it has completed a $20 million Series A financing round led by Koch Disruptive Technologies, with participation from existing investors, Viola Ventures and Pitango. The company’s innovative controller orchestration software harnesses the power of Linux to quickly execute modern data infrastructure workloads using a declarative interface that makes it easy to deploy a wide variety of applications in hybrid and multi-cloud environments.

Volumez will use the funds to continue to expand its customer base and grow its business operations in the U.S. while maintaining R&D execution in Israel.

“Volumez technology is set to revolutionize the data infrastructure market, allowing, for the first time, hybrid and multi-cloud deployments at scale with significantly improved performance and latency compared to state of the art on-premises solutions with cloud extensions,” said Chase Koch, Founder and CEO, Koch Disruptive Technologies. “This investment supports our vision to transform Koch Industries by partnering with exceptional entrepreneur CTO Jonathan Amit and CEO Amir Faintuch to bring Volumez’s groundbreaking technology to market.”

“The funding support from Koch Disruptive Technologies validates our investment in Volumez,” said Eyal Niv, Partner, Pitango First. “Volumez’s innovative technology breaks the bottlenecks inherent in traditional cloud architecture and radically transforms data services in the modern cloud. We welcome the partnership with Koch Disruptive Technologies, and are excited to be working with Amir Faintuch and his team in delivering the solution to customers.”

About Volumez

Volumez is revolutionizing modern data infrastructure. The pervasive adoption of large-scale data analytics, artificial intelligence, and machine learning systems across industries has created an unprecedented challenge. Businesses need a way to convert knowledge into intelligence quickly, easily and at scale. Volumez has the solution. The company’s innovative controller-less architecture composes direct Linux data paths between media and applications, solving latency and scalability issues and unlocking consistently high performance and high resiliency.

Learn more at volumez.com

Contact: [email protected]

SOURCE Volumez