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PR Newswire

Via closes financing round at $3.5B valuation, raising $110M to expand TransitTech portfolio

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Strong demand for Via’s software drives rapid growth

NEW YORK, Feb. 13, 2023 /PRNewswire/ —  Via, the global leader in TransitTech, today announces it has closed a financing round led by 83North, with participation from new and existing investors including Exor N.V., Pitango, Janus Henderson, CF Private Equity, Planven Entrepreneur Ventures, Riverpark Ventures, and ION Crossover Partners. The round values Via at $3.5B, at the same price per share as the company’s previous financing in November of 2021. Via intends to use the funding to expand its product suite and further its vision of providing the end-to-end digital infrastructure for public mobility.

The funding comes on the heels of a year of strong performance for Via, as cities and transit agencies across the globe increasingly turned to digital solutions to improve the efficiency of their transportation systems. The company ended 2022 ahead of plan, with annualized revenue run-rate surpassing $200M, more than doubling since the previous financing round.

Via’s TransitTech products are used by more than 600 communities around the globe to expand access to efficient, equitable, and sustainable public transportation. The company’s technology enables customers to plan transit networks that are responsive and resilient to rapidly changing needs, to operate smart multi-modal transportation systems, and to use data to optimize performance — all in one software platform.

“We have known Daniel, Oren, and the Via team for many years now. Their ability to maintain rapid growth year over year, and to continue to innovate and deliver for their customers is unique,” said Arnon Dinur, Partner at 83North. “We believe in the company and the category, and are delighted to support Via in the future opportunities this funding will bring.”

“Via is a rare combination of a company that has a profound impact on the communities it serves while also generating attractive unit economics at scale,” said John Elkann, CEO of Exor N.V. “Daniel and his team are building a great company and as a major shareholder we are committed to supporting the company in this next stage of growth.”

“This financing is an exciting milestone for Via and a reflection of the power that technology has to transform transit in communities around the world,” said Via co-founder and CEO Daniel Ramot. “Access to transit improves health, education, and economic outcomes, and all of us at Via are inspired every day to see the positive impact our customers have achieved by adding technology to their transit networks. The growth of the TransitTech market in recent years has been truly remarkable, and we are proud of the contributions we have made to create and expand the category”

In support of its vision to be the operating system for every aspect of public mobility, Via plans to use the funding to accelerate expansion into new markets and verticals, and to continue to invest in product innovation.

 About Via:
Founded in 2012, Via pioneered the TransitTech category by using new technologies to develop public mobility systems — optimizing networks of buses, shuttles, wheelchair accessible vehicles, school buses, autonomous vehicles, and electric vehicles around the globe. Building the world’s most efficient, equitable, and sustainable transportation network for all riders — including those with limited mobility, those without smartphones, and unbanked populations — Via works with its partners to lower the costs of public transit while providing transportation options that rival the convenience of a personal car while reducing the environmental impact. At the intersection of transportation and technology, Via is a visionary market leader that combines software innovation with sophisticated service design and operational expertise to fundamentally improve the way the world moves, providing technology in 600 communities and more than 35 countries and counting.

PR Newswire

Flatfee Raises $900K

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PALO ALTO, Calif., Feb. 4, 2023 /PRNewswire/ — Flatfee (Flateecorp.com), a managed marketplace connecting global small to mid-sized global sellers with legal and administrative professionals closed a $900K round led by KungHo Fund (https://www.KungHo.com). The financing will provide important funds as Flatfee prepares for its upcoming seed round.

With this investment, Flatfee will solidify its first mover advantage providing a managed marketplace for comprehensive compliance services to small to mid-sized e-commerce sellers and app developers competing in the global market. “We look forward to building on the rapid growth Flatfee experienced in 2022 as it becomes the market leader in global intellectual property planning, remote entity formation and compliance for underserved global entrepreneurs.”

Samsun Yu, an expert on cross-border intellectual property practitioner, will be joining the company as a director to facilitate such efforts.

In a little over one year, Flatfee has expanded into 18 countries, with customer service provided in four languages, and completed close to 2,500 orders after its initial launch. Due to the strong demand in cross-border operation among e-commerce sellers and application developers, Flatfee’s sales grew an average of 20% each month of 2022. They discovered a lucrative market for integrated compliance solutions for small to mid-sized global entrepreneurs. 

KungHo Fund’s CEO and founder George Kung commented that his firm’s investment thesis for Flatfee is the rapid growth of global online sellers. Kung Ho Fund believes that Flatfee’s ability to integrate and manage professional and international service teams will make it an important player to meet the compliance needs of those global sellers.

Overseas Operation Services Inc., the operating entity of flatfeecorp.com, was formed in 2022 and focuses on prepackaged professional services to cross-border enterprises.

KungHo Fund is a venture fund formed in June 2022 as the U.S. arm of Zino Ventures, a New Zealand based venture capital firm. The fund focuses on early investments in artificial intelligence, e-commerce and bio-technology.

Media contact: Alfonso Gutierrez, alfonso@flatfeecorp.com

Source: Overseas Operation Services Inc.

PR Newswire

Airgram Raises $10 Million for AI Meeting Assistant in 2022

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SINGAPORE, Nov. 9, 2022 /PRNewswire/ — Airgram is one of the top-ranked meeting productivity software programs that provides its users with a whole suite of features, including voice transcription and real-time recording. After Airgram was founded in 2020, it quickly amassed a huge user base in under a year. Now the company has raised 10 million dollars in funding as it targets North America. Airgram’s latest round was led by GL Ventures, the venture capital arm of the Asia-focused investment giant Hillhouse, with participation from Linear Capital, CDH Capital, and PKSHA SPARX Algorithm Fund.

Airgram can auto-join, record and transcribe your meetings.
Airgram can auto-join, record and transcribe your meetings.

“As the popularity and use of remote work increases, there is a dire need for online conference and meeting software designed for business use,” said Airgram’s founder and CEO Ryan Zhang. “Bosses need to realize how important and cost-efficient it is to properly manage and record their meetings if they want to increase productivity. Airgram serves as a one-stop solution that benefits the entire lifecycle of virtual meetings. Companies thus minimize extra time spent on online meetings.”

How Airgram Improves Meeting Experience:

Meeting Recording: Airgram allows you to record audio as well as video of your online meetings. Users can even set Airgram’s AI assistant to auto-join a pre-scheduled Zoom, Google Meet, or Microsoft Teams meeting and record it when they are not present. Once the meeting is recorded, you get the option to download it, play it at adjustable speed or even clip and share a snippet of the recording with others to align on crucial information. With Airgram, any team meeting or call can be recorded for future viewing.

Meeting Transcribing: Airgram provides real-time transcription for all your live meetings, converting the audio of your meetings into text with high accuracy. The transcripts are editable and you can add timestamped notes. Airgram also comes with speaker detection, identifying speakers with its AI-powered voice technology. Automated transcription for meetings helps ensure attendees and no-shows get the most out of each meeting.

Meeting Note: Airgram also offers many collaborative features like meeting agenda templates, integrated text-rich notepads, and multiple action items. Users can also associate notes of recurring meetings and extract key information from transcripts with AI Topic extraction. Meeting notes are taken to provide a record of the discussion for your future reference.

Sharing: Users can quickly share notes and snippets of their recordings with integrated apps like Notion, Google Docs, Word, and Slack or with anyone by creating a shareable link. Following up after a meeting is a good way to ensure that every teammate has clarity on the decisions made. Anyone who misses the meeting can catch up asynchronously by reading the meeting notes you share.

Airgram, as a one-stop virtual meeting management tool, is well-used in meeting planning, engaging, and reviewing, helping teams collaborate and improve the productivity of their meetings. In the next version, Airgram will integrate with Zapier to empower users to automate their workflows.

About Airgram

Airgram is a top-notch meeting transcription and recording tool that started its journey in 2020 and has been rapidly used worldwide. Airgram is headquartered in Singapore and now has various offices in Singapore, Tokyo, Hong Kong, and Austin, TX. In July 2022, Airgram won the Product of the Day on Product Hunt. So far, they have supported thousands of teams and individuals in arranging efficient and engaging meetings every single day, aiming to ensure users have efficient, thoughtful, and fruitful meetings.

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PR Newswire

EQT strengthens and diversifies its management team with key leadership appointments

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EQT AB (EQT) today announced three key additions to its Executive Committee (ExCom).

STOCKHOLM, Nov. 8, 2022 /PRNewswire/ — Suzanne Donohoe joins as Chief Commercial Officer (“CXO”) and will lead a newly-formed platform to drive EQT’s external commercial activities. She joins EQT most recently from KKR where she was a Partner & Global Head of Strategic Growth. Donohoe also built and led the Client & Partner Group for over a decade and served as Co-head of the Inclusion & Diversity Council. Her prior experience includes an extensive global career at Goldman Sachs. Altogether, Donohoe brings thirty years of experience to her new role, where she will be responsible for the firm’s external commercial activities (outside of its investment strategies). In addition to Capital Raising & Client Relations, the new Platform “EQT-Ext” includes the firm’s Sustainability, Business Development, and Communications efforts. Donohoe will start in January 2023.

Ricardo Reyes will oversee Global Communications & External Affairs after recently joining EQT full-time. He brings significant experience from his roles positioning Tesla, YouTube and most recently Dyson, where he was the Chief Communications Officer. In addition to his work in Silicon Valley, Reyes started his career in Washington DC, working at the White House and on policy initiatives. Born in Managua, Nicaragua, his diverse experience will be instrumental to ensure that the EQT brand supports the business and addresses an ever-expanding global audience. 

EQT also announces the elevation to ExCom of Gustav Segerberg, an accomplished leader at EQT with responsibility for the firm’s Business Development efforts. Segerberg joined EQT in 2016 as part of the Capital Raising & Client Relations team after a decade as an investment banker. He became Head of Business Development in 2018. Segerberg has played a crucial role in the strategic development of EQT in recent years, including executing EQT’s IPO in 2019, and driving the combinations with BPEA, Exeter and LSP, as well as new product development.

“The newest members of EQT’s Executive Committee will equip EQT with an unmatched set of competencies, backgrounds, and perspectives to continue serving our global clients and partners,” said Christian Sinding, CEO & Managing Partner at EQT. “Suzanne joins us at a unique point in time with EQT having become a truly global firm, and she brings a broad range of leadership experiences to our team. I am very pleased that Ricardo has taken on the role of globalizing EQT’s brand and communications; and with the internal promotion of Gustav to the ExCom we are securing our continued development through M&A and new initiatives.” 

The changes follow a decision on the part of Morten Hummelmose, who joined EQT in 2006, to step down. He served in a variety of roles over his tenure and most recently led the firm’s capital raising efforts. Hummelmose will remain a member of the EQT Foundation and be part of its Investment Committee. 

“I extend my warmest gratitude to Morten for his significant contributions to EQT over many years, most recently as Head of CR,”  said Sinding. 

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

The following files are available for download:

PR Newswire

VUZ the Leading Immersive Social App Raises $20M in Series B Round

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DUBAI, UAE, Oct. 15, 2022 /PRNewswire/ — VUZ, the leading immersive social app, that allows users to stream and experience a new level of immersive realism in XR and other digital experiences, raises $20 million in series B funding led by international investors including Caruso Ventures, Vision Ventures VC Fund, and strategic investors such as e& capital, investment pillar of e& (formerly known as Etisalat Group), DFDF (Dubai Future District Fund), SRMG, and WIN (Webit Investment Network).

Khaled Zaatarah CEO of VUZ
Khaled Zaatarah CEO of VUZ

Investors in the round included three strategic funds from Europe including WIN, Elbert Capital, and Yasta Partners. Additional Investors that joined the round are Faith Capital, Panthera Capital, and seven of the existing previous investors followed on. With this round, VUZ is now backed by a mix of investors based in the US and EMEA that will play a major role in supporting VUZ in its international expansion.

VUZ, which was known previously as 360VUZ, bridges the gap between the physical and virtual worlds to offer the biggest premium immersive content library in the world with more than 20,000 hours of immersive content covering entertainment, creators, and sports segments, and XR, VR, and AR experiences from virtually anywhere in the world. VUZ’s vision is bringing people together and connecting the world by providing authentic immersive experiences while removing the constraints of (TTA) Travel, Time, and Access to billions of people around the world.

Khaled Zaatarah, the founder of VUZ, commented: “Our mission is to build a hyperconnected product to teleport, empower, and entertain millions of users globally. We are very thankful to have some of the strongest international investors as part of our journey to build a global social immersive platform while leading the new technology revolution, accelerating the future of media and trends such as XR (AR and VR) while building strong sustainable growth.”

The funds will be used to fuel VUZ’s expansion plans in growing its core, accelerate the growth of 10% growth month over month in its recurring subscription revenue, investing in top content, hiring additional key senior hires, new social features, launching Web3 products, and scaling with asset-light operations into 8 additional new international markets, following its partnership and integration with 45 Telecom Operators globally. Telecoms are seeing that immersive media is one of the strongest use cases for 5G and it’s the future of video streaming. Funds will also support VUZ to further scale its Los Angeles office and scale with creators and content in the USA, Asia, and Europe.

“Our plans for the future are 10X stronger than what we have been building for the past 6 years, as we have built the base and now we are ready for sustainable scalability and growth at a scale-up stage. Special thanks to everyone that believed in us and to every member of our team.” Zaatarah adds.

The extended reality immersive platform VUZ reached over 1 Billion Screen Views and is aiming to reach 3 Billion Screen Views in 2023. VUZ provides users and top creators around the world with the latest immersive technologies, different authentic views, and top immersive experiences. Creators’ immersive content collaborations have been one of the core drivers of VUZ where it has top creators with a total reach of over 100 Million globally.

Dan Caruso, Managing Director of Caruso Ventures, an investor, a 3x decacorn entrepreneur, and an avid supporter of entrepreneurship commented: “We are very thrilled for leading the Series B for VUZ, VUZ is uniquely positioned to continue building a global platform and to partner with top telecom operators globally. We will use our deep scale-up experience to support VUZ achieve its global vision.”

Kushal Shah, Head of Venture Capital, e& capital, said: “We are excited about investing in a tech company like VUZ that supports the creation of virtual content as well as enables futuristic immersive experiences. This is in line with our commitment to collaborate with visionary tech businesses that we believe will contribute to building a better and brighter digital future. We will continue to invest into the company’s success, partnering with them to help them achieve growth and enable meaningful progress that moves this digital world forward.”

In addition to the new investors, 360VUZ is backed by investors such as Knollwood Investment Advisory, AlTouq Group, Impact46, Shorooq Partners, KBW Ventures, Media Visions, Hala Ventures, 500Startups, DAI, Al Falaj, Magnus Olsson, Samih Toukan, Jonathan Labin, DTEC Ventures, Plug and Play Ventures, Al Rashid family and other strategic angel investors.

Stay updated with us on Instagram: https://bit.ly/360VUZ-Instagram

Our VUZ Mobile App Link: https://bit.ly/360VUZ-App-PR

VUZ, formerly known as 360VUZ

www.VUZ.com is a tech company founded in 2017 and one of the fastest growing platforms in the world. So far, the company has attracted $30M in venture capital. VUZ has reached over 1 billion screen views and has offices in Dubai, Los Angeles, and Riyadh, and counts a team of more than 50 people with specialties in various types of innovation and product development expertise across multiple technology sectors. Won the startup of the year award and won as a finalist in the Webit Founders Games out of 3,500 tech scaelup tech companies including Time Draper as a jury member.

PR Newswire

PressPlay Completed Series B Funding to Accelerate its Business Expansion

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Expanding with three primary strategies and planning to apply for the emerging stock market in 2023

TAIPEI, Oct. 14, 2022 /PRNewswire/ — PressPlay, the first Influence Economy Group in Taiwan, announced that it had completed Series B Funding with several hundred million. PressPlay plans to use the investment to expand the overseas business, enlarge the organization, optimize the online learning platform experience, and accelerate its influence ecosystem’s growth with three cores: entertainment, brand, and knowledge. PressPlay also plans to apply for the emerging stock market in Taiwan in 2023 to extend its global influence through the power of the capital market.

PressPlay Completed Series B Funding to Accelerate its Business Expansion
PressPlay Completed Series B Funding to Accelerate its Business Expansion

PressPlay expects to grow 50% in 2022 with the three cores
PressPlay was established in 2016 and introduced services closely connected to everyone’s daily life. PressPlay has created its influence ecosystem in three core areas: entertainment, brand, and knowledge.

Entertainment influence: PressPlay now has exclusive contracts with 36 creators in Taiwan and Hong Kong, of which 9 have over 1 million subscribers on YouTube.

Brand influence: Collaborated with several creators since 2019 to incubate lifestyle product brand IPs and launched brands across the beverage, bakery, Korean cuisine, and Taiwanese cuisine markets to build its consumption brand territory continuously.

Knowledge influence: PressPlay Academy (PPA) has built the most advanced online learning platform in Taiwan with influence power and technology and provides diverse learning methods and content.

PressPlay Group achieved $1400 million in gross revenue in 2021 and created a 93% annual growth rate with its business expansion.

“PressPlay starts with agency management, creator brand management, and online learning platform and continues to create different business models to support the monetization of creator influence. IPO is our next step and goal. In the future, we will not only expand our business territory but expect to share more business opportunities with the creators, launch more brands, and create a healthy equation for growing to expand the influence ecosystem. For 2022, I’m confident that we will grow over 50% as a group,” Co-founder Rob Kuo said.

PressPlay announces three major strategies and accelerates overseas expansion. PressPlay officially announced IPO as its next step. PressPlay will keep strengthening the existing strategies and focus on three primary strategies:

  1. Overseas Expansion: Since the launch of the creator agency business in Hong Kong in 2019, PressPlay has created an average of 33% annual growth rate. PressPlay will further introduce its monetization business model for creators to overseas markets and aggressively increase overseas collaboration opportunities.
  2. Cross-business profit maximization: The entertainment sector covers creator agency management, content marketing, social commerce, and co-branding. PressPaly also launched Next Master business to focus on creating online courses for creators and will enhance the collaboration with knowledge content business (PressPlay Academy) to maximize cross-business profits.
  3. Online learning platform “double-perfection”: PressPlay Academy brings “double-perfection” to the platform. It has enhanced video shooting quality and created a “perfect” learning experience with AI technology, covering the learning mechanism, interactive experience, learning tools, creator content evaluation, etc., to maximize the value of technology.

PressPlay co-founder Dennis Lin said: “PressPlay Academy will become a platform combining technology, learning, and content creation this year. We strive to optimize the learning experience and challenge to provide the best video quality among the online learning platforms in Taiwan. We will continue to expand overseas collaboration opportunities, including cross-border business development and sales, not being restricted by topics, boundaries, and standards, and create a dynamic online learning academy globally to be the leading brand in the market.”

About PressPlay
PressPlay is the first 360-degree Creator ecosystem group in Taiwan. PressPlay has been expanding its business territory since 2016 with the missions “Maximize the Value of Influence” and “Utilize Influence to Innovate New Business Opportunities,” striving to create the value of influence for each field with a 360-degree approach closely connected to everyone’s daily life.

Media Enquiries: 

Yaki Cheng 
pr@pressplay.cc

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PR Newswire

GAMURS CLOSES $17.8M AUD SERIES A FUNDING ROUND LED BY U.S. INVESTORS ELYSIAN PARK VENTURES AND CERRO CAPITAL

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Leading Gaming, Esports, and Entertainment Media Network Will Accelerate Strategic Acquisition Opportunities and Expand Into Adjacent Markets

SYDNEY, Oct. 6, 2022 /PRNewswire/ — GAMURS, the leading gaming, esports, and entertainment media network, today announced it has closed a $17.8M AUD ($12M USD) Series A funding round. U.S. based investors Elysian Park Ventures, the private investment arm affiliated with the Los Angeles Dodgers ownership group, and Cerro Capital co-led the round, with participation from Powerhouse Capital, Aura Ventures, and Artesian.

GAMURS will leverage the financing to accelerate its rapid growth strategy and expansion into adjacent markets. Founded by Riad Chikani in 2014, GAMURS has quickly developed into one of the industry’s largest media networks, with 55 million active monthly users across its portfolio of 16 major digital publications covering esports, gaming, and entertainment. 

“We are incredibly proud to have the backing of Elysian Park Ventures, Cerro Capital, and all of our incredible investors,” said Riad Chikhani, Founder and CEO of GAMURS. “The round not only presents a fresh injection of growth capital, but offers the opportunity to collaborate with strategically aligned investors who will actively add value in our journey to redefine gaming and entertainment media.”

The company’s organic growth profile has been amplified by acquiring small, underdeveloped digital media platforms and providing them with the tools, resources and global platform they need to scale with purpose. With the company already being profitable, the funds from this raise will predominantly be used towards further acquisition opportunities, as it continues to see these investments as core to its business model. As of July 2022, GAMURS’ revenue is tracking at 158% up on the previous year, and its EBITDA has more than doubled. 

“At Cerro Capital, we view GAMURS as the driving force to consolidate an incredibly fragmented esports and gaming media ecosystem. Through a number of M&A transactions to date, we’ve seen that they’re incredibly adept at identifying targets, running a smooth integration process, and driving near immediate growth in audience and revenue, in a profitable manner,” said Ashish Patel, Cerro Capital Co-Founder and Managing Partner. “We’ve been consistently impressed by CEO Riad Chikhani’s discipline and leadership in operating the organisation profitably – a rare feat in today’s digital media environment – all while still being under-monetised from an advertising perspective.”

According to Grand View Research, the global esports market is expected to grow at a CAGR of 21.9% through 2030, with factors influencing market growth including an increase in live streaming of games, rising audience reach, and infrastructure for league tournaments, among others. Since its inception, GAMURS has been at the forefront of identifying authentic and authoritative voices in the space, including its flagship brand, Dot Esports, and Gamepur. The market presents a unique opportunity for GAMURS to continue growing in terms of organic reach, and it plans to expand on its monetisation strategy to amplify its yield and earnings across its portfolio of brands.

In addition to its extensive media portfolio, GAMURS supports brands looking to reach its sizable esports and gaming audience which is predominantly 18-34 year-olds (64%). GAMURS’ service offerings include strategic sponsorships, digital media buying, bespoke content creation and campaign solutions, product partnerships, and more. GAMURS has created innovative campaigns with leading global brands such as McDonald’s, Red Bull, Nintendo, Intel, and more.

“Our mission at Elysian Park Ventures is to invest in companies that are going to have a profound impact on the sports world,” said Nikhil Bahel, Elysian Park Ventures Managing Partner. “GAMURS has quickly snuck up on the emerging esports market with a sustainable business model, and a remarkably focused and passionate founder in Riad. We’re excited to support the company as it continues to scale and present more opportunities for both consumers and advertisers.”

“We’re thrilled to continue to follow-on our investment into GAMURS for the third time, a testament to the company’s rapid growth and success. Our conviction has never been stronger as the team continues to deliver impressive results and maintains a healthy profitability margin,” said Eric Chan, Aura Ventures Managing Partner.

About GAMURS

GAMURS Group’s far-reaching gaming and entertainment network reaches 55 million monthly users across its group of mastheads. Its media portfolio includes Dot Esports, the world’s premier destination for competitive gaming news, Gamepur, a fastly growing voice in gaming journalism, Pro Game Guides, featuring in-depth guides for all gaming genres and devices, TouchTapPlay, a top destination for mobile gaming news and guides, We Got This Covered, a wide-reaching entertainment news site, and The Mary Sue, the geek girls’ guide to the entertainment universe, and others.

About Elysian Park Ventures

Elysian Park Ventures is a private investment firm created by the ownership group of the Los Angeles Dodgers that partners with exceptional entrepreneurs operating at the intersection of sports, technology, and entertainment. Based in Los Angeles, New York, and London, Elysian Park invests across stages from seed to growth, and also provides entrepreneurs with strategic, operational, and management resources through the Global Sports Venture Studio, Trailblazer Venture Studio, and Robin, among others. Learn more at elysianpark.ventures.

About Cerro Capital

Cerro Capital, a global sports investment firm, has launched a growth equity fund investing in the Future of Sports. Founded in 2021, by a team of principal investors and operators with decades of global experience, deep seated industry relationships, and access to premium deal flow, the fund aims to be the leading growth capital investor for Sports IP & Technology – a specialised yet significantly large and influential global industry reaching massive adjacent markets.

Logo – https://techent.tv/wp-content/uploads/2022/10/gamurs-closes-17-8m-aud-series-a-funding-round-led-by-u-s-investors-elysian-park-ventures-and-cerro-capital.jpg

PR Newswire

Automation Anywhere Secures $200 Million in Financing from Silicon Valley Bank and Hercules Capital

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SAN JOSE, Calif., Oct. 3, 2022 /PRNewswire/ — Automation Anywhere, Inc. , a global leader in Robotic Process Automation (RPA), announced today that it is has secured $200 million in financing from Silicon Valley Bank, SVB Capital, and Hercules Capital, Inc. (NYSE: HTGC). The financing is intended to provide operational and strategic capital for the next several years.

“We continue to be optimistic about the near-term opportunities for Automation Anywhere, as more companies scale automation and use the flexibility of our cloud platform to mitigate the impact of global events and navigate market challenges,” said Mihir Shukla, CEO and co-Founder, Automation Anywhere. “The financing enables us to expand on our mission to unleash human potential by helping every company build a digital workforce and succeed with automation.”

Recent research from Automation Anywhere reveals that automation budgets are dramatically increasing, with more than 77 percent of organizations indicating they will boost their automation budgets in the year ahead. The research also found that cloud-based automations are integral for the 93 percent of organizations that have already adopted a cloud-first approach to automaton. Cloud delivers agility and flexibility to rapidly respond to the nature of today’s quickly evolving environments.

“This partnership and financing with Silicon Valley Bank and Hercules Capital, complements an already strong balance sheet, and allows us to continue to invest in and enhance the best cloud-native automation platform in the marketplace today,” said James Budge, Chief Financial Officer, Automation Anywhere. “Our cloud strategy is working and is efficient, and with over 80% of our business being cloud, our over 50% revenue growth and strengthening margins have risen to the level that we believe $200 million is more than sufficient capital to see us through to profitability.”

“It has been a pleasure to work closely with Mihir, James, and the Automation Anywhere team over the past several years to support their continued growth,” said Bob Blee, Head of U.S. Technology Corporate Banking at Silicon Valley Bank. “Automation Anywhere is a leader in RPA and is helping companies automate and digitize enterprise processes that increase the productivity of their workforce, digitally transform their business, and become more resilient. The solutions Automation Anywhere provides are invaluable and we are excited to continue to support them as they accelerate the adoption of RPA.”

Gartner estimates that automation could result in a $15 trillion benefit to the global economy by 2030.  

In 2022, Automation Anywhere cloud customers have run an estimated 50 million automations, with leading companies deploying thousands of bots across their organizations.

Interact with Automation Anywhere:

About Automation Anywhere 

Automation Anywhere is the No. 1 cloud automation platform, delivering automation and process intelligence solutions across all industries globally to automate end-to-end business processes for the fastest path to enterprise transformation. The company offers the world’s only cloud-native platform combining RPA, artificial intelligence, machine learning, and analytics to automate repetitive tasks and build enterprise agility, freeing up humans to pivot to the next big idea, build deeper customer relationships and drive business growth. For additional information, please visit us at www.automationanywhere.com.

Automation Anywhere and Automation 360 are trademarks/service marks or registered trademarks/service marks of Automation Anywhere, Inc. in the United States and other countries.

About Silicon Valley Bank:

Silicon Valley Bank, the bank of the world’s most innovative companies and investors, provides commercial banking services, expertise and insights to the technology, life science and healthcare, private equity, venture capital and premium wine industries. Silicon Valley Bank operates in centers of innovation around the world and is one of SVB’s core businesses with SVB Capital, SVB Private and SVB Securities. With global commercial banking services, Silicon Valley Bank helps address the unique needs of its dynamic, fast-growing, innovative clients. Learn more at svb.com.

SVB’s Technology Corporate Banking Division works with the most innovative public and late-stage private companies in the U.S. Tech Sector, providing a full suite of lending and banking solutions, as well as guidance as an active and trusted partner helping clients succeed and quickly scale.

Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (SVB) (Nasdaq: SIVB). SVB Financial Group is the holding company for all business units and groups. © 2022 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, SVB SECURITIES, SVB PRIVATE, SVB CAPITAL and the chevron device are trademarks of SVB Financial Group, used under license.

About Hercules Capital, Inc.

Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology, life sciences and sustainable and renewable technology industries. Since inception (December 2003), Hercules has committed more than $15 billion to over [590] companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing. Companies interested in learning more about financing opportunities should contact info@htgc.com, or call 650.289.3060.

Media Contacts: 
Dayna Fried
Automation Anywhere
dayna.fried@automationanywhere.com
+1 925-493-9020

PR Newswire

Innovative Mobile Payment Provider MOCASA Received Tens of Millions of US Dollars of Fundraising

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SINGAPORE, Sept. 16, 2022 /PRNewswire/ — MOCASA has secured tens of millions of US dollars, which will propel this global mobile payment company to better product development, expand team cohort, and cultivate new technology.

MOCASA Mobile Payment
MOCASA Mobile Payment

MOCASA was founded in 2021, with a headquarter in Singapore. It aims to provide innovative, easy, and convenient mobile payment services for the underbanked population in emerging markets. MOCASA made its first march into the Philippines market in the same year of its founding. Currently, MOCASA has covered all major payment scenarios, including food, online shopping, convenient stores, billing, and gasoline, enabling users to pay via MOCASA at more than 700k merchants and online shopping platforms across the Philippines.

As disclosed, MOCASA is significantly expanding its online payment scenarios with its virtual credit payment option. Users can opt for MOCASA for credit payment, recharge, or billing on any platform that accepts Visa or MasterCard. This includes major online shopping platforms such as Lazada, top food delivery platforms such as foodpanda, internet and telecom operators, and public services.

Philippine Payments Management, Inc. (PPMI) and Banko Sentral ng Pilipinas (BSP) are aiming to enhance mobile payment infrastructure in the Philippines and spread safe and cashless payments among the people. As one of the first mobile payment companies to embrace cashless mobile payment in the country, MOCASA is now supporting more than 700k in-store merchants. Such a wide range of coverage has sufficiently supported users to use MOCASA credit at some of the most renowned markets, stores, food chains, gas stations, and many more scenes via a quick scan of the QR code.

Another key feature of MOCASA is its multifaced demonstration of partnered merchant information and services. MOCASA has proved to be a great tool for smartphone users to view merchant information, order food delivery, rate score, and comment on merchants. Many advantages come with MOCASA as well. MOCASA provides various benefits, including rewards, cashback, and discounts in a number of settings. MOCASA is also known for expanding its mobile payment and internet services to Thailand, Vietnam, and other emerging markets around the globe.

MOCASA has a highly diverse and well-experienced team from various top-notch enterprises in the business, including Capital One (NYSE: COF), Susquehanna International Group (SIG), JD.COM(JD), SAMSUNG (KRX: 005930), and MeiTuan (3690.HK).

PR Newswire

Ancora Semiconductor Inc. Announces NT$456M Investment from ROHM Co., Ltd., Sino-American Silicon, uPI Semiconductors and Delta Electronics Inc.

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TAIPEI, Sept. 15, 2022 /PRNewswire/ — Ancora Semiconductor Inc., (Ancora), 3rd generation  power semiconductor technology developer and a Delta Electronics affiliate focusing on Gallium Nitride (GaN) technology, today announced the investments of its first capital raising round of NT$ 456M by strategic investors ROHM Co., Ltd. (ROHM), Sino-American Silicon (SAS), uPI Semiconductors (uPI), and Delta Electronics Inc. (Delta). The aforementioned capital raising is expected to accelerate Ancora’s GaN development endeavors.

“GaN is the future of power electronics with benefits of faster switching frequencies, higher efficiency, and lower energy consumption. The ecosystem of GaN technology is evolving rapidly as applications are continuously emerging. We are thrilled to have ROHM, SAS and uPI as our strategic partners and investors. We are also grateful for the commitment by our parent company Delta, a leader in power and thermal management technologies and global provider of smart energy-saving solutions.” , said Dr. T.K. Shing, president of Ancora Semiconductors. He added, “This powerful alliance will enable us to establish an ecosystem with strong partners in substrate materials, IC design, applications and system solutions, to expedite the adoption of GaN technology that promises unprecedented performance value”.

The Ancora product line includes the industry’s technology leading GaN discrete components, System in Package (SiP) and System on Chip (SoC) with superior quality, reliability and durability proven under Delta’s stringent qualification system. Delta’s commitment to provide a wide range of smart energy-saving solutions that leverage its core competence in high-efficiency power electronics, will provide additional momentum and fuel Ancora’s long-term growth. This alliance and capital raising is expected to enable Ancora to increase production capability to serve the growing demand for GaN devices in consumer electronics, telecom, and automotive applications. The ultimate goal is to maximize GaN performance to accelerate power technology innovation and contribute to achieve sustainable development based on energy efficiency.

About Ancora Semiconductor

Ancora semiconductor Inc. was cultivated under Delta Electonics Inc. for years. Ancora was formally founded in 2022 and is a fabless design company focusing in GaN devices and its integration. By providing high effective power device and module, we hope to help our customers to lead in power system sector and benefit the world. For more information, please visit www.ancora-semi.com

About ROHM Co., Ltd.

Founded in 1958, ROHM provides LSI and discrete semiconductors characterized by outstanding quality and reliability for a broad range of markets, including automotive, industrial and consumer market via its global development and sales network. In the power ＆ analog field, ROHM proposes the suitable solution for each application with power devices such as SiC, GaN, driver ICs to maximize their performance, and peripheral components such as transistors, diodes and resistors. Further information on ROHM can be found at www.rohm.com

About Sino-American Silicon Products Inc.

Headquartered in Hsinchu, Taiwan, SAS is a green energy total solution provider with vertical integration in solar industry, from cell, module, power plant and O&M (Operation & Maintenance). Its semiconductor subsidiary, GlobalWafers is one of the top three largest silicon wafer manufacturers in the world. Specializing in silicon wafer manufacturing, product applications extend through power management, automotive, IT and MEMS. Both are listed on the Taipei Exchange.  For more information, please visit www.saswafer.com for SAS and www.sas-globalwafers.com for GWC.

About uPI Semiconductor

uPI, founded in 2005, is one of the few fabless IC design companies specializing in power management IC (PMIC) and MOSFET in ASIA.

uPI focus on the design and development of high current, high power, and high-density power solution. uPI’s products include PMIC, power stage, convertor, battery protection IC, MOSFET, and GaN solution. Utilizing semiconductor designs and system application know-how, uPI positioned itself as a solution provider for hybrid and high power density semiconductor products in the computer, graphics card, high-performance computing, gaming, and mobility markets, as well as proprietary solutions in automotive and industrial applications.

Our vision is to offer customers total power management solutions of superior quality, performance, service, and cost. With more than 20 years of analog power and discrete device experiences, we offer high-performance design services with full technology coverage and process development capability. uPI not only owns a lot of PMIC and MOSFET product certifications from international well-known branding companies and our partners but also has excellent wafer processing and deep packaging know-how that come standard by working closely with strategic foundries and assembly & testing partners. For detailed information about uPI, please visit: www.upi-semi.com

About Delta Electronics Inc,

Delta, founded in 1971, is a global leader in power, energy and thermal management products with a thriving portfolio of smart energy-saving systems and solutions. As a world-class corporate citizen guided by its mission statement, “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” Delta leverages its core competence in high-efficiency power electronics and its ESG-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

For detailed information about Delta, please visit: www.deltaww.com

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