FEED Validator

for Atom and RSS and KML

Congratulations!

This is a valid RSS feed.

Recommendations

This feed is valid, but interoperability with the widest range of feed readers could be improved by implementing the following recommendations.

line 33, column 0: Use of unknown namespace: com-wordpress:feed-additions:1 (11 occurrences) [help]
```
<site xmlns="com-wordpress:feed-additions:1">212763662</site>	<item>
```

Source: https://siliconvalleyjournals.com/feed/

<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
xmlns:content="http://purl.org/rss/1.0/modules/content/"
xmlns:wfw="http://wellformedweb.org/CommentAPI/"
xmlns:dc="http://purl.org/dc/elements/1.1/"
xmlns:atom="http://www.w3.org/2005/Atom"
xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
xmlns:georss="http://www.georss.org/georss"
xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#"
>
<channel>
<title>Silicon Valley Journals</title>
<atom:link href="https://siliconvalleyjournals.com/feed/" rel="self" type="application/rss+xml" />
<link>https://siliconvalleyjournals.com</link>
<description>Business News, Technology News, Startup News</description>
<lastBuildDate>Sat, 07 Sep 2024 08:55:02 +0000</lastBuildDate>
<language>en-US</language>
<sy:updatePeriod>
hourly </sy:updatePeriod>
<sy:updateFrequency>
1 </sy:updateFrequency>
<generator>https://wordpress.org/?v=6.6.1</generator>
<image>
<url>https://i0.wp.com/siliconvalleyjournals.com/wp-content/uploads/2024/05/svj-favicon.png?fit=32%2C32&ssl=1</url>
<title>Silicon Valley Journals</title>
<link>https://siliconvalleyjournals.com</link>
<width>32</width>
<height>32</height>
</image>
<site xmlns="com-wordpress:feed-additions:1">212763662</site> <item>
<title>Insurtech Korint Secures €5M in Series B Funding</title>
<link>https://siliconvalleyjournals.com/insurtech-korint-secures-e5m-in-series-b-funding/?utm_source=rss&utm_medium=rss&utm_campaign=insurtech-korint-secures-e5m-in-series-b-funding</link>
<comments>https://siliconvalleyjournals.com/insurtech-korint-secures-e5m-in-series-b-funding/#respond</comments>
<dc:creator><![CDATA[Editor]]></dc:creator>
<pubDate>Sat, 07 Sep 2024 08:54:58 +0000</pubDate>
<category><![CDATA[Funding]]></category>
<guid isPermaLink="false">https://siliconvalleyjournals.com/?p=30801</guid>
<description><![CDATA[Korint, a pioneering Insurtech startup, has successfully secured €5 million in its latest funding round, led by Ventech with continued backing from 360 Capital. This Series B round brings the […]]]></description>
<content:encoded><![CDATA[
Korint, a pioneering Insurtech startup, has successfully secured €5 million in its latest funding round, led by Ventech with continued backing from 360 Capital. This Series B round brings the company’s total funding to €7 million. The new investment comes just 18 months after Korint’s initial funding and the rollout of its groundbreaking “Core Insurance Platform.”
Korint’s Core Insurance Platform, launched in March 2023, offers a SaaS solution designed to revolutionize insurance product deployment. It utilizes an innovative “event-sourcing” logic engine to manage the entire lifecycle of insurance contracts in real time. This system efficiently handles complex scenarios, such as fleet insurance with numerous assets or multi-product customer cases. Its cloud-hosted, scalable infrastructure and API-based design provide clients with exceptional flexibility and control over their insurance product management.
The platform has already made significant inroads with prominent industry players. Wakam utilized Korint’s technology for their employee bicycle insurance product, while WTW integrated the platform for an automotive breakdown cover aimed at an OEM. Additionally, Korint became the digital backbone for Yeet Assurances’ telematics motor products tailored for gig-economy drivers. The company anticipates further partnership announcements in the near future.
The latest round of funding will bolster Korint’s tech and insurance development teams, accelerating the enhancement of its platform. The infusion of capital aims to address critical challenges within the insurance sector, which is in dire need of advanced digital management tools capable of handling intricate B2B insurance policies.
Jean Bourcereau, President and Managing Partner at Ventech, expressed enthusiasm for Korint’s technological capabilities: “Korint’s solutions are highly advanced, with the ability to manage cutting-edge insurance products. This technological edge is a significant competitive advantage. Supporting visionary entrepreneurs who leverage technology to transform industries aligns perfectly with Ventech’s investment philosophy. Hence, backing Jean-Baptiste, Martin, and their team was an obvious decision for us.”
Thomas Nivard, Partner at 360 Capital, added: “We are thrilled to witness Korint’s progress and the realization of the potential we saw in their initial funding round. The demand for digital transformation in the insurance market is evident, and this new funding will enable Korint to establish itself as a market leader.”
Korint’s continued growth and technological advancements position it as a formidable force in the insurance tech landscape.
<div dir="auto">
 
</div>

]]></content:encoded>
<wfw:commentRss>https://siliconvalleyjournals.com/insurtech-korint-secures-e5m-in-series-b-funding/feed/</wfw:commentRss>
<slash:comments>0</slash:comments>
<post-id xmlns="com-wordpress:feed-additions:1">30801</post-id> </item>
<item>
<title>Mangomint Secures $35 Million in Series B Funding and Expands into Marketing Automation for Enhanced Salon and Spa Profitability</title>
<link>https://siliconvalleyjournals.com/mangomint-secures-35-million-in-series-b-funding-and-expands-into-marketing-automation-for-enhanced-salon-and-spa-profitability/?utm_source=rss&utm_medium=rss&utm_campaign=mangomint-secures-35-million-in-series-b-funding-and-expands-into-marketing-automation-for-enhanced-salon-and-spa-profitability</link>
<comments>https://siliconvalleyjournals.com/mangomint-secures-35-million-in-series-b-funding-and-expands-into-marketing-automation-for-enhanced-salon-and-spa-profitability/#respond</comments>
<dc:creator><![CDATA[Editor]]></dc:creator>
<pubDate>Fri, 06 Sep 2024 17:12:00 +0000</pubDate>
<category><![CDATA[Funding]]></category>
<guid isPermaLink="false">https://siliconvalleyjournals.com/?p=30807</guid>
<description><![CDATA[Mangomint, a leading salon and spa software provider, has announced a $35 million Series B funding round alongside the launch of new marketing automation features tailored for beauty and wellness […]]]></description>
<content:encoded><![CDATA[
Mangomint, a leading salon and spa software provider, has announced a $35 million Series B funding round alongside the launch of new marketing automation features tailored for beauty and wellness businesses. Established in 2017, Mangomint has dedicated itself to boosting efficiency and leveraging automation to help independent salons and spas reduce costs, save time, and streamline operations. This latest development marks a significant step in Mangomint’s product strategy, now enabling small businesses to enhance their profitability through advanced marketing tools.
New Automated Flows Feature
Founders of Mangomint
Profitability Challenges for Small Businesses
In the U.S., half of small businesses fail within the first five years, and the salon and spa industry faces even greater challenges. With a net profit margin of approximately 8.4%, coupled with high operating costs, achieving profitability can be particularly daunting.
“From rent and facility expenses to product inventory, staff payroll, and marketing, salon and spa operating costs are exceptionally high,” said Daniel Lang, Co-Founder and CEO of Mangomint. “Our customers already benefit from cost savings using Mangomint, and with our new marketing automation features, we’re further helping them enhance profitability by attracting and retaining clients.”
Mangomint’s new Automated Flows feature builds on existing revenue-driving tools like Email Marketing, Memberships, and Packages. This feature uses event and activity-based logic to trigger a sequence of automated actions, including sending email or SMS marketing messages, client reminders, and internal notifications. Users can create customized communication and promotional flows to drive client retention and spending, ensuring a seamless client experience.
Examples of Automated Flows:
<ul class="wp-block-list">
<li>Send pre-care instructions for waxing or laser services</li>
<li>Request a service review one day after an appointment</li>
<li>Send rebooking reminders via SMS six weeks after an appointment</li>
<li>Cross-promote microneedling services to repeat clients who have spent a certain amount</li>
<li>Encourage membership signups following specific service appointments</li>
</ul>
Investing in Automation for Greater Impact
With over 10 million appointments booked annually on its platform and more than $1 billion in annual sales in the U.S. and Canada, Mangomint is experiencing significant growth in the beauty and wellness sector.
The new funding will enable Mangomint to hire additional engineering talent to expand its automation-driven features and bring on more onboarding and support managers to sustain its high-quality customer service.
The Series B funding round was led by Altos Ventures, a Silicon Valley firm with extensive experience in fast-growing vertical software companies, with participation from Jason Lemkin’s SaaStr Fund and existing investor OpenView Venture Partners. Additionally, Mangomint secured $12 million in venture debt from Avidbank.

]]></content:encoded>
<wfw:commentRss>https://siliconvalleyjournals.com/mangomint-secures-35-million-in-series-b-funding-and-expands-into-marketing-automation-for-enhanced-salon-and-spa-profitability/feed/</wfw:commentRss>
<slash:comments>0</slash:comments>
<post-id xmlns="com-wordpress:feed-additions:1">30807</post-id> </item>
<item>
<title>Tilray Lays Off 10 Barrel Brewing’s Entire Innovation Team Amidst Strategic Restructuring</title>
<link>https://siliconvalleyjournals.com/tilray-lays-off/?utm_source=rss&utm_medium=rss&utm_campaign=tilray-lays-off</link>
<comments>https://siliconvalleyjournals.com/tilray-lays-off/#respond</comments>
<dc:creator><![CDATA[Editor]]></dc:creator>
<pubDate>Thu, 05 Sep 2024 15:56:25 +0000</pubDate>
<category><![CDATA[Layoffs]]></category>
<guid isPermaLink="false">https://siliconvalleyjournals.com/?p=30788</guid>
<description><![CDATA[Just over a year after the high-profile acquisition of 10 Barrel Brewing by Tilray, the company is facing a significant shake-up. Last week, Tilray, a leading cannabis and beverage conglomerate, […]]]></description>
<content:encoded><![CDATA[
Just over a year after the high-profile acquisition of 10 Barrel Brewing by Tilray, the company is facing a significant shake-up. Last week, Tilray, a leading cannabis and beverage conglomerate, announced the layoff of 10 Barrel Brewing’s entire innovation brewing team. This decision impacts multiple roles, including brewing, cellar, and sales positions.
The move comes in the wake of the resignation of 10 Barrel Brewing’s founders, Chris and Jeremy Cox, who stepped down from the company they originally established. The departure of the Cox brothers and the subsequent layoffs mark a notable shift for 10 Barrel, which had been rejuvenated under Tilray’s ownership.
The acquisition of 10 Barrel Brewing, along with other brands like Widmer Brothers, by Tilray in 2023, was seen as a strategic effort to reclaim a “craft beer” identity that had been overshadowed during their time under Anheuser-Busch/InBev’s ownership. This shift allowed these breweries to meet the Brewers Association’s definition of “small and independent craft breweries,” granting them certain benefits and reestablishing their presence in the craft beer community.
Despite these positive developments, recent actions indicate a strategic realignment. Tilray’s acquisition of additional breweries, including Hop Valley Brewing Company, Terrapin Beer Co., and Revolver Brewing, was initially viewed as a move to strengthen and expand their craft beer portfolio. However, the recent layoffs suggest a focus on streamlining operations and cutting costs.
Irwin D. Simon, Chairman and CEO of Tilray Brands, highlighted the company’s commitment to growth and cost efficiency in a recent press release. “Tilray Brands is crafting a new future for brands in the craft beer industry,” Simon stated. “We are confident in our ability to drive revenue, generate cost synergies, and expand distribution. This strategic acquisition creates additional growth opportunities for our global beverage business.”
The layoffs and structural changes at 10 Barrel Brewing come as part of a broader effort by Tilray to maximize the potential of its acquisitions while enhancing shareholder value. The future of the brewery’s innovation initiatives remains uncertain, as the company adjusts its strategy to align with its broader business goals.
<h2 class="wp-block-heading">Will 10 Barrel recover</h2>
The future of 10 Barrel Brewing and its potential for recovery will depend on several factors:
<ol class="wp-block-list">
<li>Strategic Realignment: Tilray’s recent restructuring, including layoffs and changes to the innovation team, suggests a shift towards cost efficiency and operational streamlining. If Tilray can effectively balance cost reductions with strategic investments, 10 Barrel Brewing might emerge more focused and aligned with Tilray’s broader goals.</li>
<li>Market Position and Brand Strength: Despite recent challenges, 10 Barrel Brewing remains a recognized brand with a loyal customer base. Its ability to leverage Tilray’s resources and distribution network could help bolster its market position. The brewery’s success in maintaining or growing its brand presence will be crucial.</li>
<li>Innovation and Product Development: The departure of the innovation team could impact the brewery’s ability to develop new products and stay competitive in the craft beer market. Recovery will likely depend on how well Tilray can integrate new talent or restructure innovation efforts to continue developing appealing products.</li>
<li>Consumer and Industry Response: The craft beer market is highly competitive, and consumer preferences can shift rapidly. 10 Barrel’s recovery will depend on its ability to adapt to changing trends and maintain strong relationships with distributors and consumers.</li>
<li>Operational Efficiency: Tilray’s focus on cost synergies and operational efficiency could lead to improved financial health for 10 Barrel Brewing if managed effectively. The brewery’s ability to optimize its operations while maintaining product quality and market presence will be key to its recovery.</li>
<li>Financial Support and Investment: Continued support from Tilray, including investment in marketing, distribution, and product development, will be vital. If Tilray remains committed to supporting 10 Barrel, the brewery may have the resources needed to navigate challenges and capitalize on opportunities.</li>
</ol>
In summary, while the recent changes present challenges, 10 Barrel Brewing has the potential for recovery if Tilray effectively manages its strategic realignment, continues to support the brand, and adapts to the evolving craft beer landscape.
<h2 class="wp-block-heading">Impact on craft beer</h2>
The changes at 10 Barrel Brewing, particularly under Tilray’s ownership, could have several impacts on the craft beer industry:
<h3 class="wp-block-heading">1. Market Dynamics and Competition</h3>
<ul class="wp-block-list">
<li>Consolidation Trends: The acquisition and subsequent layoffs reflect broader consolidation trends in the craft beer industry, where larger corporations buy up smaller, independent breweries. This can reduce the number of independent players and potentially shift market dynamics in favor of larger entities with more resources.</li>
<li>Market Share Redistribution: As larger players like Tilray focus on optimizing their acquisitions, there could be shifts in market share among craft breweries. The consolidation could either strengthen the market position of these larger entities or, conversely, create opportunities for other independent breweries to capture market share.</li>
</ul>
<h3 class="wp-block-heading">2. Innovation and Product Development</h3>
<ul class="wp-block-list">
<li>Potential for Stagnation: The departure of the innovation team at 10 Barrel Brewing could lead to a temporary slowdown in new product development. Craft beer consumers often seek new and unique flavors, so a lack of innovation could impact the brewery’s competitive edge.</li>
<li>Opportunity for New Entrants: As established craft breweries face challenges, there may be opportunities for new, independent craft breweries to introduce innovative products and capture the attention of consumers who are seeking fresh options.</li>
</ul>
<h3 class="wp-block-heading">3. Consumer Perception and Brand Loyalty</h3>
<ul class="wp-block-list">
<li>Impact on Brand Image: Consumers who value the “craft” aspect of beer might view the layoffs and consolidation negatively. The perception of craft beer as an authentic, independent product could be diluted if larger corporations dominate the market.</li>
<li>Shifts in Brand Loyalty: Craft beer enthusiasts may respond by supporting smaller, independent breweries that emphasize traditional brewing methods and local connections, potentially driving a shift in consumer loyalty away from larger, acquired brands.</li>
</ul>
<h3 class="wp-block-heading">4. Economic and Employment Implications</h3>
<ul class="wp-block-list">
<li>Job Losses: Layoffs and restructuring lead to job losses, which can have negative economic impacts on local communities where breweries are located. This might affect the local economy and contribute to broader economic challenges within the industry.</li>
<li>Economic Efficiency: On the other hand, consolidation can lead to increased economic efficiency and streamlined operations for larger entities, which might contribute to financial stability and growth in the long term.</li>
</ul>
<h3 class="wp-block-heading">5. Regulatory and Industry Responses</h3>
<ul class="wp-block-list">
<li>Increased Scrutiny: As larger entities consolidate power in the craft beer market, there may be increased scrutiny from regulators and industry organizations regarding market competition and fair practices.</li>
<li>Support for Independent Breweries: Industry groups and associations may ramp up efforts to support independent breweries, advocate for fair market conditions, and promote the diversity and innovation that characterize the craft beer sector.</li>
</ul>
In summary, the recent developments at 10 Barrel Brewing could influence the craft beer industry in various ways, from altering market dynamics and consumer preferences to affecting innovation and employment. The overall impact will depend on how the broader industry and consumers respond to these changes.
]]></content:encoded>
<wfw:commentRss>https://siliconvalleyjournals.com/tilray-lays-off/feed/</wfw:commentRss>
<slash:comments>0</slash:comments>
<post-id xmlns="com-wordpress:feed-additions:1">30788</post-id> </item>
<item>
<title>Fremantle Lays Off All Staff at Euston Films and Undeniable, Future of Labels Uncertain</title>
<link>https://siliconvalleyjournals.com/fremantle-lays-off-all-staff-at-euston-films-and-undeniable-future-of-labels-uncertain/?utm_source=rss&utm_medium=rss&utm_campaign=fremantle-lays-off-all-staff-at-euston-films-and-undeniable-future-of-labels-uncertain</link>
<comments>https://siliconvalleyjournals.com/fremantle-lays-off-all-staff-at-euston-films-and-undeniable-future-of-labels-uncertain/#respond</comments>
<dc:creator><![CDATA[Editor]]></dc:creator>
<pubDate>Thu, 05 Sep 2024 15:52:16 +0000</pubDate>
<category><![CDATA[Layoffs]]></category>
<guid isPermaLink="false">https://siliconvalleyjournals.com/?p=30785</guid>
<description><![CDATA[Fremantle, the global production company, has laid off all staff at Euston Films, the producer behind shows like “Wreck” and the upcoming “Nightsleeper,” as well as the recently launched documentary […]]]></description>
<content:encoded><![CDATA[
Fremantle, the global production company, has laid off all staff at Euston Films, the producer behind shows like “Wreck” and the upcoming “Nightsleeper,” as well as the recently launched documentary label, Undeniable. The future of both labels remains unclear, with neither yet officially shuttered despite having no staff, according to insider sources.
Euston Films, originally founded in 1971 as a subsidiary of Thames Television, gained recognition for producing popular ’70s shows like “The Sweeney.” It was revived by Fremantle in 2014 under the leadership of Managing Director Kate Harwood. During its second era, Euston Films produced several notable series, but the recent staff cuts suggest a significant restructuring.
Undeniable, on the other hand, was launched in March 2023 under Fremantle’s global head of documentaries, Mandy Chang. The label was created to produce high-end documentaries and has projects slated for release, including Chris Smith’s documentary on the new wave band Devo and Penny Lane’s film “Mrs. America,” which explores the iconic beauty pageant.
Kate Harwood and her co-Managing Director, Noemi Spanos, both of whom are also departing, expressed gratitude for their decade-long tenure at Euston Films. “We are very proud of the seven bold authored shows we have made in this time and are looking forward to future projects and challenges,” they said in a joint statement.
Mandy Chang also announced her departure, stating, “It has been a privilege working with Fremantle’s global documentary labels, and I wish them all success in the future.” She plans to focus on her own independent documentary work moving forward.
The layoffs indicate a significant shake-up for Fremantle’s scripted and documentary divisions, with no clear indication yet of what will happen to either Euston Films or Undeniable.
<h2 class="wp-block-heading">Future of Euston Films</h2>
The future of Euston Films, following Fremantle’s decision to lay off all staff, remains uncertain. Despite the layoffs, it is “too soon” to confirm whether Euston Films will be officially shuttered. The company currently has no staff, but it has not been formally closed down. Euston Films has a strong legacy, having been originally founded in 1971, producing iconic shows like “The Sweeney,” before its revival in 2014 under Kate Harwood’s leadership.
With the departure of key figures like Harwood and Noemi Spanos, the future direction of the label is unclear. Fremantle may decide to continue the label in some form or shut it down entirely. However, there has been no official announcement about Euston Films’ long-term plans or whether its recent productions, like the upcoming “Nightsleeper,” will be its last.
Given Euston Films’ track record of producing notable series and its standing in the industry, there could be opportunities for revival, restructuring, or a potential rebranding under new leadership, depending on Fremantle’s strategic goals moving forward.
]]></content:encoded>
<wfw:commentRss>https://siliconvalleyjournals.com/fremantle-lays-off-all-staff-at-euston-films-and-undeniable-future-of-labels-uncertain/feed/</wfw:commentRss>
<slash:comments>0</slash:comments>
<post-id xmlns="com-wordpress:feed-additions:1">30785</post-id> </item>
<item>
<title>Ingo Payments Acquires Deposits Inc. to Revolutionize Money Mobility for Banks and Corporates</title>
<link>https://siliconvalleyjournals.com/ingo-payments-acquires-deposits-inc-to-revolutionize-money-mobility-for-banks-and-corporates/?utm_source=rss&utm_medium=rss&utm_campaign=ingo-payments-acquires-deposits-inc-to-revolutionize-money-mobility-for-banks-and-corporates</link>
<comments>https://siliconvalleyjournals.com/ingo-payments-acquires-deposits-inc-to-revolutionize-money-mobility-for-banks-and-corporates/#respond</comments>
<dc:creator><![CDATA[Editor]]></dc:creator>
<pubDate>Thu, 05 Sep 2024 15:48:05 +0000</pubDate>
<category><![CDATA[M&A]]></category>
<guid isPermaLink="false">https://siliconvalleyjournals.com/?p=30782</guid>
<description><![CDATA[Ingo Payments, a leader in money mobility solutions, has announced the acquisition of Deposits Inc., a cloud-based banking platform, in a move that aims to redefine how banks and corporates […]]]></description>
<content:encoded><![CDATA[
<a href="https://payments.ingomoney.com/" rel="nofollow noopener" target="_blank">Ingo Payments</a>, a leader in money mobility solutions, has announced the acquisition of <a href="https://deposits.inc/" rel="nofollow noopener" target="_blank">Deposits Inc.</a>, a cloud-based banking platform, in a move that aims to redefine how banks and corporates manage financial transactions. This acquisition enhances Ingo Payments’ platform by integrating Deposits’ innovative “money stack” technology, enabling seamless and secure management of both inbound and outbound financial flows.
The merger brings together Ingo Payments’ established capabilities in money movement and Deposits’ expertise in creating digital accounts with low-code and no-code solutions. The result is a comprehensive money mobility platform that allows businesses to fund, create, and manage new feature-rich accounts with ease. This integration enables banks and corporate clients to turn traditional payments into dynamic account relationships, simplifying processes and unlocking new revenue opportunities.
Drew Edwards, CEO of Ingo Payments, emphasized the significance of the acquisition: “This acquisition fills a gap in our platform, connecting the full lifecycle of money in, money out, and account management. Deposits has built a modern money stack that fits perfectly into Ingo Payments’ platform, enabling banks and businesses to manage risk while creating a seamless digital financial experience.”
Joseph Akintolayo, CEO of Deposits Inc., also highlighted the importance of the partnership: “Our low-code platform simplifies the creation of digital accounts, ledgering, and risk management. By joining forces with Ingo Payments, we can provide a more efficient, compliant, and customizable solution to meet the evolving needs of banks and corporates.”
The acquisition is expected to boost Ingo Payments’ presence across a variety of industries, including banking, FinTech, hospitality, and insurance, offering advanced capabilities for managing complex financial flows. Ingo Payments’ new platform will empower businesses to offer instant, branded digital accounts, enhancing customer engagement and simplifying compliance.
This acquisition is part of Ingo Payments’ broader strategy to modernize money movement and offer future-proof solutions to its customers. By reducing reliance on third-party integrations, the platform will streamline compliance, risk management, and regulatory oversight, making it easier for banks and corporates to operate efficiently in today’s digital financial landscape.
<h2 class="wp-block-heading">What’s the growth strategy</h2>
Ingo Payments’ growth strategy following the acquisition of Deposits Inc. centers around expanding its capabilities to offer a comprehensive money mobility platform that integrates digital account creation with advanced payment solutions. Here are the key aspects of their growth strategy:
<ol class="wp-block-list">
<li>Enhancing the Money Mobility Platform: The acquisition of Deposits Inc. allows Ingo Payments to integrate Deposits’ “money stack,” which simplifies account creation, ledgering, and transaction management. By offering low-code and no-code solutions, Ingo Payments aims to empower banks and corporates to create and manage digital accounts seamlessly, broadening its platform’s appeal.</li>
<li>Expanding into New Industries: Ingo Payments will leverage the expanded capabilities to penetrate additional industries, including hospitality, gaming, insurance, and trucking, offering tailored solutions for complex financial ecosystems. This will help the company diversify its customer base and capture a larger market share.</li>
<li>Monetizing Payment Relationships: With the integration of Deposits’ platform, Ingo Payments aims to turn payments into long-term account relationships, opening up new revenue streams for banks and corporates. By enabling businesses to offer branded digital accounts, Ingo Payments can deepen customer engagement and generate ongoing revenue through these accounts.</li>
<li>Focus on Compliance and Risk Management: By reducing reliance on third-party integrations and offering a core, in-house solution, Ingo Payments plans to enhance its ability to manage compliance and risk for its customers. This approach will make the platform more attractive to banks and corporates that prioritize regulatory compliance.</li>
<li>Accelerating Digital Transformation for Banks: Ingo Payments aims to help financial institutions modernize legacy infrastructure with its comprehensive, customizable platform. The goal is to provide banks with a flexible solution that can be quickly deployed without extensive technical requirements, thus driving faster digital transformation.</li>
<li>Leveraging a Scalable Platform: Ingo Payments’ platform is designed to be processor-agnostic and open-banking-agnostic, which means it can scale easily across different markets and regions. This flexibility will help the company grow internationally, especially in markets with complex regulatory environments.</li>
</ol>
Through these strategies, Ingo Payments is positioning itself as a leader in the growing field of money mobility, with plans to expand its influence across various sectors while continuing to innovate in financial technology.
]]></content:encoded>
<wfw:commentRss>https://siliconvalleyjournals.com/ingo-payments-acquires-deposits-inc-to-revolutionize-money-mobility-for-banks-and-corporates/feed/</wfw:commentRss>
<slash:comments>0</slash:comments>
<post-id xmlns="com-wordpress:feed-additions:1">30782</post-id> </item>
<item>
<title>Kiteworks Expands Data Collection Capabilities with Acquisition of 123FormBuilder</title>
<link>https://siliconvalleyjournals.com/kiteworks-expands-data-collection-capabilities-with-acquisition-of-123formbuilder/?utm_source=rss&utm_medium=rss&utm_campaign=kiteworks-expands-data-collection-capabilities-with-acquisition-of-123formbuilder</link>
<comments>https://siliconvalleyjournals.com/kiteworks-expands-data-collection-capabilities-with-acquisition-of-123formbuilder/#respond</comments>
<dc:creator><![CDATA[Editor]]></dc:creator>
<pubDate>Thu, 05 Sep 2024 15:41:48 +0000</pubDate>
<category><![CDATA[M&A]]></category>
<guid isPermaLink="false">https://siliconvalleyjournals.com/?p=30779</guid>
<description><![CDATA[Kiteworks, a company specializing in data privacy and compliance for sensitive content communications through its Private Content Network (PCN), has acquired 123FormBuilder, a leading provider of secure web forms and […]]]></description>
<content:encoded><![CDATA[
<a href="https://www.kiteworks.com/" rel="nofollow noopener" target="_blank">Kiteworks</a>, a company specializing in data privacy and compliance for sensitive content communications through its Private Content Network (PCN), has acquired <a href="https://www.123formbuilder.com/" rel="nofollow noopener" target="_blank">123FormBuilder</a>, a leading provider of secure web forms and form-driven private content workflows. The acquisition strengthens Kiteworks’ data collection capabilities, enhancing its mission to unify, track, control, and secure sensitive content moving within, into, and out of organizations. This move follows Kiteworks’ recent growth equity investment of $456 million, reflecting its aggressive expansion strategy.
The Private Content Network (PCN) offered by Kiteworks enables organizations to reduce compliance risk by centralizing the management of sensitive content, from file transfers to emails and web forms, ensuring data privacy and regulatory compliance across a wide range of industries. With 123FormBuilder’s secure and easy-to-use form-building platform, Kiteworks is set to offer a more comprehensive solution for businesses that rely on secure data collection and form-driven workflows.
123FormBuilder provides no-code, drag-and-drop form creation capabilities, empowering users to create a variety of forms such as registration forms, order forms, surveys, and more. The platform features conditional logic, multipage forms, file uploads, e-signature functionality, and integrations with over 45 popular third-party tools like Salesforce, Stripe, HubSpot, and Shopify. These capabilities will now be integrated into Kiteworks’ Private Content Network, offering enhanced form-driven workflows and data collection to Kiteworks’ customers.
Amit Toren, Senior Vice President of Corporate and Business Development at Kiteworks, welcomed 123FormBuilder to the Kiteworks family. “123FormBuilder’s emphasis on security and compliance aligns perfectly with our Private Content Network vision. Our customers will now benefit from dynamic form creation with bidirectional integration of web forms into a range of solutions. This acquisition marks another milestone in Kiteworks’ growth strategy, allowing us to further expand our market presence and technological capabilities through strategic mergers and acquisitions.”
The integration of 123FormBuilder’s secure data collection technology will provide Kiteworks’ customers with additional capabilities, including the consolidation of audit logs for compliance tracking and streamlined reporting, a critical feature for businesses facing regulatory scrutiny. With these enhancements, businesses will be able to manage their data privacy needs more efficiently, ensuring that their form-driven data collection processes remain secure and compliant with industry regulations.
Florin Cornianu, CEO of 123FormBuilder, expressed enthusiasm for the acquisition, stating, “We are thrilled to join the Kiteworks family and contribute to its Private Content Network vision. Our platform, designed to provide secure, user-friendly data collection solutions, will benefit greatly from Kiteworks’ guidance and resources. This acquisition underscores our long-term commitment to innovation in security and compliance, and we look forward to further developing our technology under the banner of a well-funded and forward-thinking organization.”
With the acquisition of 123FormBuilder, Kiteworks is poised to enhance its service offerings, particularly in the areas of secure data collection and form-driven workflows, positioning itself as a leading player in the privacy and compliance sector for sensitive content communications. The move aligns with Kiteworks’ ongoing efforts to expand through strategic M&A activities and solidify its market leadership in data security and compliance.
<h2 class="wp-block-heading">What’s next for Kiteworks</h2>
Following its acquisition of 123FormBuilder and the recent $456 million growth equity investment, Kiteworks is well-positioned for continued expansion and innovation. Here’s what could be next for Kiteworks:
<ol class="wp-block-list">
<li>Enhanced Product Integration: Kiteworks will likely focus on integrating 123FormBuilder’s secure web form and data collection capabilities into its existing Private Content Network (PCN). This could result in a unified platform for managing, tracking, and securing sensitive content communications, with an emphasis on simplifying compliance and improving data workflows.</li>
<li>Expansion of Compliance Capabilities: With increasing global regulations around data privacy and security, Kiteworks may introduce more advanced compliance tools to help organizations meet industry-specific regulatory requirements. Expect features like enhanced audit logs, improved risk management, and real-time compliance tracking to become more central in its offerings.</li>
<li>Growth in Strategic Markets: Kiteworks might target expansion into new industries and regions that prioritize secure communication and data privacy, such as healthcare, financial services, and government sectors. International growth, especially in regions with stringent data protection laws like Europe, could be a key focus area.</li>
<li>Continued M&A Activity: Given its recent capital injection, Kiteworks may pursue additional strategic acquisitions to strengthen its technology stack and market presence. Acquiring complementary companies in areas like AI-driven data security, threat detection, or cloud storage could help broaden its portfolio.</li>
<li>Innovation in Data Privacy & Security: With the integration of form-driven workflows from 123FormBuilder, Kiteworks is likely to innovate in privacy solutions for managing sensitive data. This could include developing new encryption technologies, AI-driven threat detection, or zero-trust architecture solutions.</li>
<li>Focus on Customer-Centric Solutions: Kiteworks will likely enhance its user experience, possibly introducing more no-code solutions or integrations with popular enterprise software like Salesforce, HubSpot, or SharePoint, making it easier for organizations to manage their sensitive content while maintaining high levels of security.</li>
</ol>
These efforts will allow Kiteworks to capitalize on the growing demand for privacy and compliance solutions, positioning it as a leader in secure content communications.
<h2 class="wp-block-heading">Next acquisition plan</h2>
While Kiteworks has not publicly announced its next acquisition, there are a few potential areas where the company could focus its future M&A strategy based on its recent moves and industry trends:
<ol class="wp-block-list">
<li>AI and Machine Learning for Security: Acquiring a company that specializes in AI-driven security or threat detection could help Kiteworks enhance its platform’s ability to detect and respond to threats in real-time, improving the security of sensitive content communications.</li>
<li>Cloud Security and Encryption: With the increasing shift toward cloud-based services, Kiteworks might look to acquire a cloud security or encryption company to strengthen its ability to protect data stored and shared in the cloud. This would be especially relevant as more businesses rely on cloud infrastructure for their operations.</li>
<li>Compliance and Risk Management Tools: Given Kiteworks’ emphasis on regulatory compliance, the company could target firms that specialize in compliance management, particularly those that focus on automating audits and monitoring for industry-specific regulations like GDPR, HIPAA, or CCPA.</li>
<li>Data Integration and Workflow Automation: To further enhance its form-driven workflows, Kiteworks may pursue acquisitions in the field of workflow automation or companies offering robust integrations with enterprise software. This could allow the company to better support end-to-end data flows across various platforms like Salesforce, Microsoft Dynamics, and others.</li>
<li>Zero-Trust Security Solutions: Zero-trust architecture is a growing trend in cybersecurity. Kiteworks might look to acquire a company specializing in zero-trust solutions, which would add an extra layer of security by ensuring that every access request to its platform is thoroughly verified.</li>
</ol>
These acquisitions would align with Kiteworks’ strategy to grow its Private Content Network and solidify its leadership in secure content communications and compliance solutions.
<h2 class="wp-block-heading">New Kiteworks partnerships</h2>
Kiteworks may explore several potential partnerships to enhance its platform and expand its market reach. While specific new partnerships have not been officially announced, here are a few strategic areas where Kiteworks could form alliances:
<h3 class="wp-block-heading">1. Cloud Service Providers</h3>
Partnering with leading cloud platforms like Amazon Web Services (AWS), Microsoft Azure, or Google Cloud would allow Kiteworks to offer more seamless integrations with cloud storage and computing services. This could help customers securely manage sensitive content and ensure compliance in cloud environments.
<h3 class="wp-block-heading">2. Cybersecurity Firms</h3>
To strengthen its security offerings, Kiteworks could collaborate with prominent cybersecurity firms, such as Palo Alto Networks or CrowdStrike. These partnerships would enhance Kiteworks’ ability to detect, mitigate, and respond to threats, ensuring even tighter protection of sensitive content communications.
<h3 class="wp-block-heading">3. Compliance and Legal Tech Providers</h3>
Kiteworks might team up with compliance and legal tech companies to help businesses meet regulatory standards more effectively. Collaborations with companies that focus on GDPR, HIPAA, and other regulations could offer customers tools for real-time compliance tracking and reporting, further simplifying the audit process.
<h3 class="wp-block-heading">4. Enterprise Software Solutions</h3>
To bolster its integration capabilities, Kiteworks could form partnerships with major enterprise software platforms such as Salesforce, HubSpot, or SAP. These alliances would allow Kiteworks to provide customers with secure content management and data sharing directly within the tools they already use, improving workflow efficiency and security.
<h3 class="wp-block-heading">5. Digital Identity & Authentication Services</h3>
With security at the forefront, Kiteworks could benefit from partnerships with digital identity verification and authentication companies like Okta or Auth0. This would provide customers with enhanced security layers, particularly in managing access to sensitive content across distributed teams and remote environments.
<h3 class="wp-block-heading">6. Data Privacy and Governance Platforms</h3>
Partnerships with firms like OneTrust or TrustArc, which specialize in privacy and governance solutions, could allow Kiteworks to enhance its compliance capabilities and offer advanced data governance features. This would be particularly valuable for customers in heavily regulated industries such as healthcare, finance, and government.
<h3 class="wp-block-heading">7. Telecom and 5G Providers</h3>
With the growth of secure content sharing needs over mobile networks, Kiteworks could partner with telecom companiesKiteworks Expands Data Collection Capabilities with Acquisition of 123FormBuilder or 5G network providers to offer secure and compliant communication channels, especially for industries like healthcare or defense that require sensitive data management on mobile devices.
These partnerships would enable Kiteworks to expand its ecosystem, providing more comprehensive solutions for its customers and strengthening its position in the market.
]]></content:encoded>
<wfw:commentRss>https://siliconvalleyjournals.com/kiteworks-expands-data-collection-capabilities-with-acquisition-of-123formbuilder/feed/</wfw:commentRss>
<slash:comments>0</slash:comments>
<post-id xmlns="com-wordpress:feed-additions:1">30779</post-id> </item>
<item>
<title>The Demex Group Secures $10.25 Million to Meet Growing Demand for Climate-related Reinsurance Solution</title>
<link>https://siliconvalleyjournals.com/the-demex-group-secures-10-25-million-to-meet-growing-demand-for-climate-related-reinsurance-solution/?utm_source=rss&utm_medium=rss&utm_campaign=the-demex-group-secures-10-25-million-to-meet-growing-demand-for-climate-related-reinsurance-solution</link>
<comments>https://siliconvalleyjournals.com/the-demex-group-secures-10-25-million-to-meet-growing-demand-for-climate-related-reinsurance-solution/#respond</comments>
<dc:creator><![CDATA[Editor]]></dc:creator>
<pubDate>Thu, 05 Sep 2024 15:33:36 +0000</pubDate>
<category><![CDATA[Funding]]></category>
<guid isPermaLink="false">https://siliconvalleyjournals.com/?p=30759</guid>
<description><![CDATA[The Demex Group, a risk analytics and intelligence firm specializing in weather and climate-related reinsurance solutions, has raised $10.25 million in funding. The raise combines a Series A and a […]]]></description>
<content:encoded><![CDATA[
<a href="https://thedemexgroup.com/" rel="nofollow noopener" target="_blank">The Demex Group</a>, a risk analytics and intelligence firm specializing in weather and climate-related reinsurance solutions, has raised $10.25 million in funding. The raise combines a Series A and a previously closed SAFE funding round, led by Congruent Ventures with participation from Moxxie Ventures, MetaProp, and existing investor Blue Bear Capital.
Demex offers a groundbreaking parametric reinsurance solution designed to protect insurers from losses caused by severe convective storms—such as tornadoes, thunderstorms, hail, and wind—which are becoming more frequent due to climate change. By working with reinsurance brokers and companies, Demex provides coverage for losses exceeding a pre-determined threshold, helping insurers safeguard their financial stability. In its first selling season, Demex has already secured $65 million in reinsurance.
“Rising losses from these storms are a significant challenge for the insurance industry, impacting annual earnings and balance sheets. We are fortunate to have investors who bring expertise in climate, technology, and insurance to support Demex,” said Bill Clark, President and CEO of Demex.
Abe Yokell, Co-Founder and Managing Partner at Congruent Ventures, which led the funding round, noted that insurance carriers have faced years of financial strain due to frequent high-impact events like thunderstorms. “Reinsurers have also seen higher-than-expected losses from secondary perils. The Demex model, developed by an experienced team, quantifies risk and reduces deviations, creating a more resilient insurance industry.”
Hank Hattemer, COO of Blue Bear Capital, highlighted that traditional reinsurance typically addresses catastrophic events, while frequent extreme weather events like severe convective storms now cause more damage. “Demex delivers a custom-calibrated reinsurance product, tailored to each insurer’s data and exposure. This unique approach has received an overwhelmingly positive market response.”
The investment round drew support from a diverse group of investors. Congruent Ventures focuses on early-stage climate solutions, Blue Bear Capital backs high-growth companies in energy and climate sectors, Moxxie Ventures is a seed-stage firm investing across industries, and MetaProp specializes in real estate and property technology.
This funding will help Demex expand its innovative weather-related risk solutions and continue to support insurers in mitigating climate-related financial risks.

]]></content:encoded>
<wfw:commentRss>https://siliconvalleyjournals.com/the-demex-group-secures-10-25-million-to-meet-growing-demand-for-climate-related-reinsurance-solution/feed/</wfw:commentRss>
<slash:comments>0</slash:comments>
<post-id xmlns="com-wordpress:feed-additions:1">30759</post-id> </item>
<item>
<title>Skarper Raises £4.5M to Transform Regular Bicycles into E-Bikes</title>
<link>https://siliconvalleyjournals.com/skarper-raises-4-5m-to-transform-regular-bicycles-into-e-bikes/?utm_source=rss&utm_medium=rss&utm_campaign=skarper-raises-4-5m-to-transform-regular-bicycles-into-e-bikes</link>
<comments>https://siliconvalleyjournals.com/skarper-raises-4-5m-to-transform-regular-bicycles-into-e-bikes/#respond</comments>
<dc:creator><![CDATA[Editor]]></dc:creator>
<pubDate>Thu, 05 Sep 2024 15:30:41 +0000</pubDate>
<category><![CDATA[Funding]]></category>
<guid isPermaLink="false">https://siliconvalleyjournals.com/?p=30747</guid>
<description><![CDATA[British start-up Skarper, supported by six-time Olympic cycling champion Sir Chris Hoy, has secured £4.5 million in fresh investment, increasing its total funding to £12.8 million. The latest funding round […]]]></description>
<content:encoded><![CDATA[
British start-up Skarper, supported by six-time Olympic cycling champion Sir Chris Hoy, has secured £4.5 million in fresh investment, increasing its total funding to £12.8 million.
The latest funding round was led by investment portfolio firm Adjuvo, which drew on its extensive member network and angel investors. Existing investors, including Resilion Chairman Yaron Kottler, global consumer product manufacturer Starry Group, and mobility technology investor Mobilitech Capital, also contributed additional funding.
Skarper has developed a cutting-edge, portable drive system that connects to a standard bicycle through the disc brake rotor, converting it into a high-performance e-bike in seconds. The device can just as easily detach, offering users the flexibility to switch between a regular bike and an e-bike effortlessly.
This first-of-its-kind, patent-protected disc-brake drive system was invented by Skarper co-founder Dr. Alastair Darwood and developed with the expertise of engineers and Oracle Red Bull Racing’s Advanced Technologies division. The compact drive unit, measuring 34cm by 16cm, contains a 250-watt motor and a 240Wh battery that provides a range of up to 50km. It connects seamlessly to the proprietary rear disc brake, offering the same performance as traditional integrated e-bikes.
With this new funding, Skarper is poised to execute its go-to-market strategy, delivering its first products in the UK by Q4 2024. The company plans to expand into Europe in 2025.
Adjuvo CEO Mark Foster-Brown expressed confidence in Skarper’s potential, stating, “Skarper is set to become a major player in the rapidly growing e-bike market. Their innovative device has the potential to revolutionize the sector. As cycling continues to grow as a global industry, we anticipate Skarper will attract significant customer demand worldwide.”
Ean Brown, Skarper’s Co-founder and CEO, added: “This is a significant milestone for Skarper. Raising almost £13 million to date reflects the strength of our product and brand. This capital will enable us to meet customer demand, achieve our growth targets, and make a meaningful impact in the cycling industry.”
<h2 class="wp-block-heading">How does Skarper work?</h2>
Skarper’s system transforms a regular bicycle into an e-bike using an innovative, patent-protected disc-brake drive system. Here’s how it works:
<ol class="wp-block-list">
<li>Disc-Brake Rotor Connection: Skarper’s drive unit attaches directly to the rear disc brake rotor of the bicycle. Instead of requiring complex modifications or new components, it utilizes the existing disc brake system. This makes installation quick and easy, taking only a few seconds.</li>
<li>Drive Unit: The compact drive unit houses a 250-watt motor and a 240Wh battery pack, which provides power to the bike, effectively turning it into an e-bike. The unit measures just 34cm by 16cm, making it highly portable and easy to carry when not in use.</li>
<li>Electric Assistance: Once connected, the motor provides electric assistance to the rider, propelling the bike forward with minimal effort. The system has a range of up to 50km on a full charge, making it suitable for commuting or longer rides.</li>
<li>Detachable Design: One of the key features of Skarper is its detachability. The drive unit can be easily removed from the bike, allowing users to switch back to a regular, non-electric bicycle in seconds. This gives riders the flexibility to choose between electric assistance and manual pedaling depending on their needs.</li>
<li>No Performance Loss: Despite being an add-on system, Skarper’s design ensures no loss of performance compared to traditional integrated e-bikes. The connection to the disc brake rotor allows for smooth, efficient power transfer without compromising ride quality.</li>
</ol>
Overall, Skarper offers a simple, lightweight, and versatile solution for converting any bike with a disc brake into a high-performance e-bike.
]]></content:encoded>
<wfw:commentRss>https://siliconvalleyjournals.com/skarper-raises-4-5m-to-transform-regular-bicycles-into-e-bikes/feed/</wfw:commentRss>
<slash:comments>0</slash:comments>
<post-id xmlns="com-wordpress:feed-additions:1">30747</post-id> </item>
<item>
<title>Root Signals raises $2.8M for GenAI auditing</title>
<link>https://siliconvalleyjournals.com/root-signals-raises-2-8m-for-genai-auditing/?utm_source=rss&utm_medium=rss&utm_campaign=root-signals-raises-2-8m-for-genai-auditing</link>
<comments>https://siliconvalleyjournals.com/root-signals-raises-2-8m-for-genai-auditing/#respond</comments>
<dc:creator><![CDATA[Editor]]></dc:creator>
<pubDate>Thu, 05 Sep 2024 15:15:23 +0000</pubDate>
<category><![CDATA[Funding]]></category>
<guid isPermaLink="false">https://siliconvalleyjournals.com/?p=30737</guid>
<description><![CDATA[Root Signals, a startup with dual headquarters in Helsinki and Palo Alto, has raised $2.8 million in seed funding to further its development of enterprise tools for generative AI (GenAI) […]]]></description>
<content:encoded><![CDATA[
<a href="https://www.rootsignals.ai/" rel="nofollow noopener" target="_blank">Root Signals</a>, a startup with dual headquarters in Helsinki and Palo Alto, has raised $2.8 million in seed funding to further its development of enterprise tools for generative AI (GenAI) auditing. The round was led by Angular Ventures, with additional support from Business Finland. The funding will help accelerate the development of Root Signals’ platform, expand its AI models, and scale its sales and marketing efforts.
Founded by Dr. Ari Heljakka, who holds a PhD in GenAI, Root Signals provides businesses with enterprise-grade tools to measure, monitor, and control the output of large language models (LLMs). The company’s unique “LLM-as-a-judge” technique allows businesses to implement comprehensive evaluations, ensuring GenAI applications deliver consistent and reliable results. Root Signals’ solution is designed to help companies mitigate risks while maximizing the value of their GenAI deployments.
Root Signals focuses on a scalable, long-term approach to GenAI auditing, known as EvalOps. This methodology enables organizations to automate the process of measuring complex AI behaviors, such as hallucinations, relevance, and regulatory compliance. EvalOps simplifies the task of scrutinizing AI outputs, making it easier for AI engineers to evaluate and monitor LLM applications in real time.
“Generative AI lacks built-in quality control, and it’s not like traditional software that you can trust to work consistently. Think of it as an unreliable freelancer that requires constant oversight,” said Dr. Heljakka. “With our platform, companies can automate these checks using understandable, scalable metrics, making AI applications more auditable and reliable.”
Root Signals’ platform is particularly appealing to independent software vendors building GenAI-powered bots for specialized verticals, as well as AI teams within large, established companies seeking to gain a competitive edge through GenAI. The platform provides detailed model-to-model comparisons, helping companies make informed decisions about replacing large models like GPT with smaller, more efficient on-premise models—crucial for businesses operating in regulated industries where compliance and data privacy are paramount.
Oguzhan Gencoglu, Root Signals’ Head of AI, highlighted the importance of trust in AI systems, stating, “Our users constantly ask how they or their customers can trust the AI itself. We’ve integrated self-measurability into the core of our evaluation engine to ensure transparency and trust in AI behavior.”
The growing need for reliable GenAI auditing tools is becoming increasingly evident as enterprises struggle to implement LLM-based projects at scale. Gil Dibner, Partner at Angular Ventures, emphasized the significance of Root Signals’ approach, noting, “90% of enterprise GenAI projects are stalling because companies lack the necessary evaluation tools. Root Signals’ solution, which uses AI to manage AI, fills this gap, allowing enterprises to succeed in GenAI implementation.”
With its latest funding round, Root Signals plans to expand its presence globally, catering to the rising demand for robust AI evaluation tools. The company’s unique EvalOps framework has positioned it as a key player in the evolving GenAI landscape, offering a solution that not only ensures compliance and control but also maximizes the potential of AI applications in industries ranging from finance to healthcare.
Root Signals operates offices in Palo Alto, California, and Helsinki, Finland, and continues to collaborate with leading experts to refine its platform for the enterprise market. The $2.8 million raised brings the company closer to its mission of making GenAI applications more measurable, auditable, and scalable for businesses worldwide.
]]></content:encoded>
<wfw:commentRss>https://siliconvalleyjournals.com/root-signals-raises-2-8m-for-genai-auditing/feed/</wfw:commentRss>
<slash:comments>0</slash:comments>
<post-id xmlns="com-wordpress:feed-additions:1">30737</post-id> </item>
<item>
<title>ATLAS Space Operations Raised $15M to Expand Satellite Communication Services</title>
<link>https://siliconvalleyjournals.com/atlas-space-operations-raised-15m-to-expand-satellite-communication-services/?utm_source=rss&utm_medium=rss&utm_campaign=atlas-space-operations-raised-15m-to-expand-satellite-communication-services</link>
<comments>https://siliconvalleyjournals.com/atlas-space-operations-raised-15m-to-expand-satellite-communication-services/#respond</comments>
<dc:creator><![CDATA[Editor]]></dc:creator>
<pubDate>Thu, 05 Sep 2024 15:08:36 +0000</pubDate>
<category><![CDATA[Funding]]></category>
<guid isPermaLink="false">https://siliconvalleyjournals.com/?p=30752</guid>
<description><![CDATA[ATLAS Space Operations, a leader in ground station services for satellite communications, has raised $15 million in a funding round led by NewSpace Capital. The new investment will support ATLAS […]]]></description>
<content:encoded><![CDATA[
<a href="https://atlasspace.com/" rel="nofollow noopener" target="_blank">ATLAS Space Operations</a>, a leader in ground station services for satellite communications, has raised $15 million in a funding round led by NewSpace Capital. The new investment will support ATLAS in scaling operations to meet growing industry demands and accelerating its international expansion.
ATLAS operates one of the largest global federated ground networks, offering Ground Station as a Service (GaaS) and Ground Software as a Service (GSaaS) to facilitate data transmission for spacecraft operators. The company’s network includes over 50 antennas across 34 ground stations, serving missions in LEO, MEO, and GEO orbits. ATLAS’s proprietary Freedom® Software streamlines complex antenna systems, offering clients a unified solution for managing satellite communications across commercial, civil, and defense sectors.
Freedom® Software allows customers to manage satellite constellations with ease, providing secure access to ATLAS’s network for automated communications and real-time data management. The software simplifies operations, enabling rapid onboarding and efficient communication for spacecraft operators.
Since its founding in 2015, ATLAS has become a critical player in the global space industry, with a 100% contract renewal rate. The company’s ground station services have earned trust from clients who rely on its solutions to ensure the success of their space missions.
John Williams, CEO of ATLAS, expressed excitement about the partnership with NewSpace Capital. “We are thrilled to have NewSpace Capital’s support as we expand in the U.S. and internationally,” Williams said, highlighting the company’s growth strategy in the European, Middle Eastern, and African (EMEA) markets.
Martin Halliwell, Partner at NewSpace Capital, who will join ATLAS’s board, emphasized the company’s potential to revolutionize space communications. “ATLAS solves the problem of fragmented ground communication in the space industry, offering a faster and more cost-effective solution,” Halliwell said, expressing confidence in the company’s future growth.

]]></content:encoded>
<wfw:commentRss>https://siliconvalleyjournals.com/atlas-space-operations-raised-15m-to-expand-satellite-communication-services/feed/</wfw:commentRss>
<slash:comments>0</slash:comments>
<post-id xmlns="com-wordpress:feed-additions:1">30752</post-id> </item>
</channel>
</rss>

If you would like to create a banner that links to this page (i.e. this validation result), do the following:

Download the "valid RSS" banner.
Upload the image to your own server. (This step is important. Please do not link directly to the image on this server.)
Add this HTML to your page (change the image src attribute if necessary):

<a href="http://www.feedvalidator.org/check.cgi?url=https%3A//siliconvalleyjournals.com/feed/"><img src="valid-rss-rogers.png" alt="[Valid RSS]" title="Validate my RSS feed" /></a>

If you would like to create a text link instead, here is the URL you can use:

http://www.feedvalidator.org/check.cgi?url=https%3A//siliconvalleyjournals.com/feed/

Home · About · News · Docs · Terms