Tag Archives: Venture Capital

Trilio Raises $17M and Appoints Massood Zarrabian as CEO

.406 Venture
FRAMINGHAM, Mass.—December 12, 2022—Trilio, a leading provider of cloud-native data protection, announced today that it has secured $17 million in funding to drive further innovation and growth in the cloud-native application resiliency market. The company also announced the appointment of enterprise software executive Massood Zarrabian as CEO. Zarrabian was formerly Chairman and CEO of BA Insight.
“Trilio is a trusted partner for organizations that are driving digital transformation leveraging cloud-native technologies,” said Massood Zarrabian, CEO of Trilio. “The company has established a leading position in the new growth category of Kubernetes with unique application resiliency technology, strong partnerships and a passionate team. Our goal is to leverage those resources to help customers meet their mandates for multi-cloud application mobility, ransomware protection and compliance with disaster recovery protocols. We’re pleased to have the continued confidence of SKK Ventures and added support from leading innovators such as Telefonica and T-Mobile, who are also valued customers.”The company will leverage the capital to increase focus on product development, engineering and customer operations. The additional funding is part of the company’s Series B round and was led by SKK Ventures with participation from T-Mobile Ventures, Wayra Telefónica Innovation, Raiven Capital, Genesis Accel, .406 Ventures and Jack Egan. This brings Trilio’s total capital raised to $36M million.

In his most recent role, Zarrabian led BA Insight’s transformation and growth into a multi-platform enterprise search software company leading to its acquisition by Upland in 2022. Prior to BA Insight, Zarrabian was President and CEO of OutStart where he established the company as a market leader with hundreds of customers. He also served as President of the eService Division of Broadbase Software, a leading provider of eCRM solutions.

David Safaii, who has been CEO since 2014, has transitioned to the role of Executive Chairman of the Board, focusing on the strategic needs of the organization, including corporate and business development.

“Trilio has earned notable success under David’s leadership, including building brand awareness, a strong team of dedicated professionals, and a roster of Tier 1 enterprise-class customers from around the world. His expertise will play a vital role going forward as the executive chairman,” said Rob Scott, Member of the Trilio Board of Directors.

Scott continued, “We’re equally excited to bring on Massood Zarrabian as CEO. Massood is a seasoned operator with experience in driving and scaling software companies like Trilio to the next level. Massood’s track record of building teams, culture, and outcomes makes him a great fit for our organization as we move forward into this next chapter.”

Additionally, the company announced Christina Lattuca as CFO and VP of Operations. Lattuca joins Trilio to lead the company’s finance, accounting, business intelligence, legal and human resources functions. She was most recently CFO of Cygilant, a leading provider of cybersecurity-as-a-service, prior to its acquisition by SilverSky. She has more than 25 years of financial management expertise developing and implementing financial planning, controls, and reporting for international high-tech companies.

Investor Quotes

Stephen Brackett, President and Managing Member of SKK

“SKK believes in the Trilio mission, and we are encouraged by the company’s continued progress in the fast-growing market for cloud-native application resiliency. The growth in the company’s technology and partner ecosystem is a strong indicator of how the leadership team has elevated the Trilio brand as both a technology innovator and a trusted go-to-market partner.”

Jeff Pellegrini, VP of Investments, T-Mobile Ventures

“Our enthusiasm for Trilio’s technology, product and customer-centric approach is driven not just by the due diligence of an investor but by the intensive research of a customer. T-Mobile did an extensive investigation of the players in this space before selecting TrilioVault as its cloud-native application resiliency service. As a result, we became convinced that backing the company strategically was the right move. We’re happy to participate in this funding round and support the company’s next phase of innovation and growth.”

TrilioVault for Kubernetes is a leading cloud-native data protection platform helping organizations migrate to new cloud infrastructure, recover quickly from ransomware attacks and comply with disaster recovery mandates. Trilio is well positioned to capitalize on a rapidly growing market for cloud-native management solutions. According to IDC, 70% of all net-new apps in production will be cloud-native by 2024, up from just 10% in 2020. This momentous shift to containerized applications means enterprises need robust and reliable data protection for Kubernetes-based applications.

Recent Milestones

About Trilio

Trilio is a leader in cloud-native data protection and management for applications using Kubernetes and OpenStack. Our TrilioVault technology is trusted by cloud architects and DevOps engineers for backup and recovery, migration, ransomware protection and application mobility. Customers in telecom, defense, automotive and financial services leverage TrilioVault to easily migrate to new cloud infrastructure, recover quickly from ransomware attacks and comply with disaster recovery protocols. Trilio.io, Twitter and LinkedIn.

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Media Contact:
Robert Cathey
Cathey.co for Trilio
robert@cathey.com
+1 865-386-6118

Tags: Cloud Native, Continuous Restore, Data Management, Data Protection, Red Hat,

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Blume Ventures closes its Fourth Fund at upwards of $250 million to back visionary tech founders

Blume ventures

Blume Ventures, India’s leading homegrown venture fund has announced the close of its Fund IV at over $250million bringing the firm’s AUM to over $600 million. Blume focuses on early-stage, innovative technology-led startups. Blume backs entrepreneurs either building to solve large impactful Indian problems or taking the best of Indian innovation to global markets. The diverse mandate extends from edtech, fintech, health, commerce and consumer internet in the former to robotics and AI to SaaS and enterprise software in the latter category.  These themes have been consistent through Blume’s 12 years of existence.

Blume has received emphatic support from all its previous supporters. Blume’s Fund IV investors include some of India’s finest family offices, global family offices, sovereign wealth funds (India and overseas), and emerging market Fund of Funds. The oversubscription on the $200 million target and the support from both existing and new investors is a testament to the track record that continues to grow stronger.

Blume Fund IV will be managed by its 15+ member investment team led by Sajith Pai, Arpit Agarwal, Ashish Fafadia, Sanjay Nath and Karthik Reddy. Investing in 30-35 companies across different technology verticals, Blume will discover and nurture another generation of industry-defining companies built in this cycle.

 Blume was established in 2010 by Karthik Reddy and Sanjay Nath.  Blume is now over 35 professionals strong (outside of Constellation Blu and Metamorph, our two sister concerns), the leadership team has grown to 10, and they collectively grow and mentor a roster of young emerging stars on the team.

Sanjay Nath added, “We are grateful to our anchor supporters and new believers who have emphatically backed Blume IV. Whether building domestically or for global markets, the best founders and LPs would like to work with a Fund that can be considered world-class, which has spurred us to keep institutionalizing and bolstering our platform, team and capabilities. Thanks to an increasing reality of IPO and M&A exits, there is a resurgence of 2x founders and operators, as well as higher quality first-time founders. We’re excited for Blume to become the preferred seed partner of choice for both categories.”

Some key milestones:

  • Launched as a “Superangel” fund in 2011, Blume raised $20 million in Fund I and invested in over 60 startups, pioneering the idea of home-grown micro VCs, with domestic investor participation playing an important role in each of its funds. The first fund vintage has many winners that are incredibly stable after a decade of persistence. These include Purplle, Grey Orange, Turtlemint, Carbon Clean, Exotel, Cashify, Zopper, Webengage, and IDfy.

  • Blume raised successor Funds in 2015-16 and 2018-19, growing to a $60 million Fund II and a $102 million Fund III, maturing into a fund with increased reserves to deploy into the best breakout companies. The Blume stars born from the 2015 to 2020 era are Unacademy, Slice, Spinny, dunzo, Classplus, Servify, Lambdatest, Koo, Locus, Healthifyme, smallcase, Euler, Jai Kisan and Pixxel, amongst others.

The strength of the platform makes Blume an ideal partner in the founders’ journey, bringing value far beyond the capital in the bank. Some of these platform value additions are powered by Capital and Market Networks teams, the depth of reserves between its own funds and its diverse set of vibrant LPs, and the platform partners in Constellation (finance and legal) and MetaMorph (talent).

Blume is also a market leader in emerging market segments where technology shapes new business models or disrupts older ones. It has dozens of category creators or category winners in its portfolio across its three fund portfolios: Grey Orange and Carbon Clean in deep tech; Slice, Turtlemint and Smallcase in Fintech; Exotel and Lambdatest in Software; Unacademy and Classplus in Edtech; Purplle and dunzo in commerce; Healthifyme, BeatO and Tricog in Healthtech; Euler, Yulu and BatterySmart in EV Mobility.

Blume manages Continuity funds in addition to the above funds. These include secondary funds (Fund I winners), opportunity funds (Fund I and II winners) and SPVs.

Shivkumar Ganesan, CEO and co-founder of Exotel, endorses this full stack and deeper approach from Blume in their journey. “Blume has been a great partner for us. They were the first ones to bet on us and continued to do so through thick and thin! Without their support, I cannot imagine Exotel to have become the company it is today.”

Manish Taneja, CEO and co-founder of Purplle, exemplifies what is now a classic Blume relationship. “My relationship with Blume Ventures dates back to 2010-11, when Karthik and Sanjay were raising their first fund. Blume invested in Purplle in 2013 and has been a strong partner for us ever since. Ashish (our Board Member from Blume), has been on our Board since 2013 and has played a key role in guiding us, helping us with Board dynamics and also introducing us to key future investors. Blume is truly a founder’s first VC and Blume’s partners are best in class. I wish Blume a lot of success and I also wish more firms get access to Blume’s capital.”

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HYPR, the Leader in Phishing-Resistant MFA, Raises $25M

.406 Venture

NEW YORK, NY – December 1, 2022 — HYPR, the Passwordless Company, today announced a $25 million Series C1 led by Advent International through Advent Tech, the firm’s dedicated global technology fund. The investment brings HYPR’s total funds raised to $97 million and includes participation from existing investors including .406 Ventures, RRE Ventures, Top Tier Capital, and Comcast Ventures. The new injection of capital will be used to expand HYPR’s go-to-market strategy and R&D efforts and to accelerate its mission Fix the Way the World Logs In.

Recent HYPR research revealed that 89% of organizations experienced at least one phishing attack within the past year at an average cost of $2.19M. Legacy authentication solutions have failed to keep pace with the industrial-grade tooling easily available to attackers. In response, industry officials, including CISA, have urgently advised organizations to eliminate passwords and adopt phishing-resistant MFA such as HYPR’s passwordless solution.

“Passwords and Legacy MFA solutions that are supposed to keep organizations safe are actually putting them at tremendous risk, “ said Bojan Simic, CEO of HYPR.  “These outdated technologies make organizations an easy target for hackers using readily-available online tools to automate and scale attacks. Furthermore, the user experience with these legacy methods is so frustrating that users bypass the security controls, which gives hackers further vulnerabilities to exploit.  The new investments will advance our efforts to help organizations keep their employees and customers safe while significantly reducing the astronomical costs of passwords.”

HYPR is a pioneer in passwordless authentication and has demonstrated tremendous momentum over the past 24 months.  HYPR’s solution offers a consistent passwordless authentication experience regardless of the heterogeneity of a customer’s infrastructure. Enterprises who have deployed HYPR’s phishing-resistant MFA on a worldwide basis include 2 of the 4 largest US banks, Fortune 500 manufacturing conglomerates, and global insurance providers.

“As a Fintech institution, we face an increasingly complicated threat landscape,” said Dawn Watters, SVP of Identity & Data Protection at Fiserv.  “We selected HYPR for the completeness of their passwordless authentication solution and the overall user experience. Working with HYPR will significantly reduce our exposure to phishing attacks and improve our overall enterprise security while using the latest FIDO standards.”

HYPR is deploying passwordless solutions to hundreds of thousands workforce users per quarter while also rapidly enabling the adoption of passwordless technologies in the consumer identity space.

“The HYPR team has built one of the most significant phishing-resistant MFA solutions that is deployed at scale globally,” said Eric Noeth, Partner at Advent International. “The growing deployment momentum demonstrates HYPR’s ability to give organizations a proven passwordless alternative to replace failing systems based on the password. We continue to be impressed by the pace of HYPR’s innovation and leadership in the passwordless authentication space and we’re excited to continue our partnership with the HYPR team in this next phase of their journey.”

HYPR’s market leadership has grown based on the company’s early adoption of the FIDO (Fast IDentity Online) standard, which has garnered broad industry acceptance.  Earlier this year, platform leaders including Google, Apple and Microsoft committed to expand their support of the FIDO standards to accelerate the availability of passwordless logins.

“HYPR has been a long-time supporter of the FIDO Alliance, and their FIDO Certified products have underpinned some of the industry’s flagship FIDO implementations with leading enterprises around the world,” said Andrew Shikiar, Executive Director and CMO of the FIDO Alliance.  “As a member of FIDO’s Board of Directors for the past five years, HYPR has played a critical role in developing and advancing the FIDO standards – working alongside other leading companies in the Alliance to fulfill our collective mission of reducing reliance on passwords in favor of simpler, stronger user authentication.”

About HYPR

HYPR fixes the way the world logs in. HYPR’s True Passwordless™ MFA platform decouples authentication from the organization’s identity providers and eliminates the traditional trade-off between security and user experience by providing uncompromising assurance and consumer-grade experience. By eliminating the password and deployments taking hours rather than weeks or months, organizations decrease the risk of a cyber attack, increase positive user experience, and lower operational costs.

Welcome to The Passwordless Company®. Additional information is available at https://www.hypr.com

About Advent International

Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 400 private equity investments across 41 countries, and as of June 30, 2022, had $96 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of over 285 private equity investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology. For over 35 years, Advent has been dedicated to international investing and remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.

For more information, visit

Website: www.adventinternational.com
LinkedIn: www.linkedin.com/company/advent-international

Contact

Carol Dullmeyer
Vice President, Brand and Corporate Communications
carol.dullmeyer@hypr.com

Sophia Templin or Amanda Muccio
FGS Global for Advent International
AdventInternational-US@fgsglobal.com

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ZS and Abacus Insights Announce Partnership To Bring Innovative Data and Analytics Solutions to Health Plans

.406 Venture

EVANSTON, Ill. and BOSTON, Mass. – November 29, 2022 –  As ZS continues to help health plans evolve and transform, the firm announced today an investment in and partnership with Abacus Insights, a healthcare technology leader with a groundbreaking offering in data usability that rapidly accelerates the achievement of key health plan goals including efficiency, equity, health services and member outcomes.

“At ZS, we believe the future of healthcare is connected, with providers, health plans, pharma companies and other stakeholders working together,” said ZS CEO Pratap Khedkar. “Usable data from Abacus Insights is a key enabler and connecter, and we take seriously our role in helping health plans innovate and excel. Partnerships like this one between ZS and Abacus Insights will be increasingly important in a connected health ecosystem.”

Abacus Insights offers the capability to consolidate and clean billions of pieces of structured and unstructured data from payers, providers, labs, digital apps and many more sources, providing end users with complete, current and accurate data sets that drive both operational and analytical uses. Through this partnership, health plans working with ZS gain access to usable data and a full suite of analytics and digital tools, unlocking insights from sales to operations to health outcomes and accelerating a path to decisions and actions.

“Abacus Insights is proud to have the support of ZS both as an investor and partner. ZS recognizes that data usability is a game-changer in creating and scaling big performance advances for health plans,” said Minal Patel, Abacus Insights CEO. “Our companies share a common purpose to improve healthcare. Our combined health plan-specific expertise will accelerate our ability to help clients achieve their key transformational goals of better serving their members and leading healthcare change.”

Usable data from Abacus Insights is already powering better quality reporting, more accurate risk adjustment and improved value-based contracting, care and payments. ZS Managing Principal Adam Siskind, who leads the firm’s health plan and provider vertical, said the partnership aims to help unlock use cases that health plans can leverage to fully realize the benefits of their analytics transformations.

“There is no shortage of health plan challenges to solve, and it seems there is never enough capacity to unravel them. Our partnership with Abacus Insights will help our clients access the solutions they need to not only reach their goals but to do so efficiently and with scale,” Siskind said. “At ZS, we are proud to be the leading firm at the intersection of healthcare and analytics, so it only made sense to join forces with Abacus Insights, a company already recognized as the leader in health plan data usability in the U.S. Our combined capabilities allow us to achieve a new level of impact that all of our health plan clients seek—and all of their members deserve.”

About ZS

ZS is a management consulting and technology firm focused on transforming global healthcare and beyond. We leverage our leading-edge analytics, plus the power of data, science and products to help our clients make more intelligent decisions, deliver innovative solutions and improve outcomes for all. Founded in 1983, ZS has more than 12,000 employees in 35 offices worldwide. To learn more, visit www.zs.com.

About Abacus Insights

Abacus Insights is a healthcare technology leader with the only data transformation platform and solutions built specifically for health plans. Focused on data quality and usefulness, Abacus Insights gives payers a new level of control and flexibility with their data by developing accurate, timely, and robust ecosystems that can support any analytics or other applications. Managing data for 21 million members, Abacus Insights partners with payers to deliver scalable solutions that drive strategic initiatives, control costs, and improve member lives and experiences.

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Openbravo joins DL Software

Adara

We are delighted to share that Adara portfolio company, Openbravo, is joining DL Software, a leading France-based group of vertical software providers, as part of its ambitious path to internationalize its business footprint.

Founded in 2001 in Pamplona, Spain, Openbravo helps brands and retailers looking to accelerate their unified commerce strategy and increase the agility of their operations. The fully-modular platform integrates online and offline channels, provides intelligent order management, real-time views of customers and inventory, and a complete store solution to deliver more personalized experiences.

Openbravo’s all-in-one cloud-based solution is used by international companies such as Decathlon, Flunch, Norauto, Sharaf DG, BUT, Toys ‘R’ Us Iberia, and Zôdio – reaching over 50 countries and more than 10,000 back office users and 40,000 customer touchpoints, such as point of sale and self-service terminals, kiosks, and others.

The acquisition is part of DL Software’s pan-European growth strategy to position itself as an international specialist in multi-sector vertical software.

“We are extremely excited to become part of a larger company ready to help us accelerate on our growth strategy. DL Software has an excellent reputation, and this acquisition represents an important recognition of our solutions, the team, and our achievements to date,” said Marco de Vries, CEO of Openbravo.

“This will help us take our business to the next level and that will benefit our existing and future employees, customers, and partners. I would also like to thank, in the name of all our employees, our previous shareholders Amadeus Capital, Adara Ventures and SODENA, for their fantastic support and guidance over the past years.”

We wish the entire Openbravo team the best as they start this new chapter!

Learn more here: https://www.prnewswire.com/in/news-releases/openbravo-announces-its-acquisition-by-leading-french-group-dl-software-822078251.html 

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Blue Horizon launches sustainable food industry jobs board and talent network

Blue Horizon

Zurich, Switzerland, 15 November 2022 – Blue Horizon, a next-generation impact investor accelerating the transition to a new Sustainable Food System, today announces the launch of an industry-leading Jobs Board and Talent Network designed to match the industry’s brightest talent with live career opportunities.    

With over 200 active job listings already, Blue Horizon’s Jobs Board is one of the largest of its kind in the sustainable food space. The listings are updated automatically so the career opportunities are always fresh, with the number of opportunities to grow as Blue Horizon’s portfolio expands and its companies mature.

Additionally, the Blue Horizon Talent Network allows individuals to privately share their career interests with Blue Horizon’s entire ecosystem of 70+ companies so they can be actively recruited.

Hiring top talent is one of the biggest challenges for many startups and these tools help to reduce the friction in hiring for the whole industry and accelerate the transition to a new sustainable food system by creating a specialist job marketplace.

Robert Boer, Director at Blue Horizon, said: “One out of five meals we’ll eat in 2035 will be made from alternative protein. However, today there are still many challenges to be solved to reach this consumer adoption. Recruiting talent is one of the biggest challenges our industry faces and with the launch of our Blue Horizon Jobs Board and Talent Network we want to address exactly that. The timing for this launch couldn’t have been any better. We currently see massive layoffs in the tech space and these are exactly the talents we need, because accelerating the transition to a new sustainable food system requires a lot of technological innovation.”

Blue Horizon Jobs Board – https://jobs.bluehorizon.com/jobs

Blue Horizon Talent Network – https://jobs.bluehorizon.com/talent-network/login

 

Blue Horizon Launches Sustainable Food Industry Jobs Board and Talent Network (pdf)

Blue Horizon lanciert branchenführende Talent-Plattform (pdf)

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Blue Horizon announces seed investment in Nucicer in a round led by Leaps by BayerrAYER

Blue Horizon

Blue Horizon today announced a Seed investment in NuCicer, an agri-food technology company pioneering ultra-high protein, non-GM chickpeas by harnessing the rich biodiversity of wild chickpea. The funding, is led by Leaps by Bayer, the impact investing arm of Bayer AG – the largest global seed company, with participation from Blue Horizon, Lever VC, and Trellis Road. The latest funding will allow NuCicer to scale production of its first-generation chickpea varieties with 75% higher protein content, targeting to reduce chickpea protein ingredient costs by 50%, and expand existing work with downstream partners and customers to bring affordable, sustainable plant proteins to end-consumers in 2023.

NuCicer’s machine learning and genome-guided breeding platform works to revolutionize the plant protein industry by increasing the protein content of chickpeas, a high-demand yet high-cost protein source, to reduce production costs and fulfil consumer demand. The technology is rooted in decades-long scientific research led by Professor Douglas Cook at UC Davis, the world’s preeminent expert on chickpea genetics and NuCicer’s co-founder and Chief Scientific Officer. With 40x more genetic diversity than commercial varieties, the Company’s vast germplasm library integrates wild chickpea genetics with elite cultivars through cross breeding, creating desirable traits that support major opportunities at every stage of the food system.

 

Long-term, the stability of the global food system relies on improving the climate resilience of crops. Chickpeas naturally possess several climate resilient traits, including high water-use efficiency and nitrogen fixation capabilities that contribute to soil regeneration. NuCicer’s genomic-guided breeding platform enables the discovery of genetic controls for key traits that further enhance climate resilience such as tolerance to heat, drought, acidic soils, and disease.

 

Nate Crosser, Principal at Blue Horizon, said: “Chickpea is one of the most exciting crops that can be re-optimized for human nutrition and natural resilience. NuCicer is clearly poised to lead this movement and to deliver a new generation of affordable, sustainable, delicious, healthy plant proteins. I’d encourage all food formulators to reach out to NuCicer to learn how ultra-high protein chickpeas can transform their product offering.”

To date, Blue Horizon has raised funds of over $850 million and invested in 75+ companies with a focus on protein alternatives and food tech. Some of the firm’s investments include Tropic Biosciences, a pioneering agricultural biotechnology company focused on a crop portfolio of bananas, coffee and rice, Planted, one of the emerging leaders of plant-based meat alternatives and Mosa Meat, which is developing tissue engineering technologies to mass produce affordable, cultured meat and dairy formulation.

Blue Horizon announces Seed investment in NuCicer in a round led by Leaps by Bayer (pdf)

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Data Fabric leader, Stratio BD, secures €65m Series C investment

Adara

Stradio BD has announced a new round of investment to continue fueling its international expansion. The €65m Series C investment was led by InfraVia Growth, with participation from Adara Ventures and the Stratio founders.

Founded in 2014 and headquartered in Madrid, Stratio has successfully positioned itself as the global leader in the new category defined by Gartner and Forrester as “Data Fabric.” The company has developed a unique software solution for orchestrating disparate data sources, intelligently and securely, in a self-service and automated manner.

Over the past eight years, Stratio has expanded beyond Spain to the US, Latin America, the UK, and France, growing its team to over 400 employees and working with more than 50 enterprises – including BBVA, Santander, HSBC, Barclays, Mutua Madrileña, Sanitas, El Corte Inglés, and more.

This latest round of funding will allow the company to further accelerate its expansion into new European markets, focusing primarily on banking and insurance clients.

Stratio’s core software business is experiencing rapid growth in 2022 and is seeing an increase in annual recurring revenues (ARR  of over 70%, despite modest investments in marketing and sales. Moreover, the mix of new bookings, renewals, and upsells is improving – with scalable, high-margin software representing almost two-thirds of revenues.

We first met the Stratio founders in 2014 and led their €4m Series A round of funding. In 2018, we partnered again to lead their €13m Series B, and we are proud to continue backing Óscar Méndez, Ernesto Funes, and the entire Stratio team as they enter this next phase of growth.

“Stratio combines the technical depth to develop a leading-edge product with the hands-on experience to solve the challenges of large enterprises in leveraging data and using AI. We are impressed by Stratio’s customer base and commercial momentum of its Data Fabric offering, and we are excited to continue partnering with the team on their international scale-up journey.” – Alberto Gómez, Managing Partner, Adara Ventures

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Self-service Data Fabric: unlocking more value from data

Today’s global enterprises are managing immense volumes of data and deploying that data across on-premise and cloud environments. The sheer amount of data types and platforms makes it challenging to manage data’s access, security, and integrations efficiently.

As a result, many companies are still working under a monolithic silos structure and paying enormous costs to maintain legacy data systems. Developments within artificial intelligence (AI), hybrid cloud, the internet of things (IoT), and edge computing over the past decade have led to the exponential growth of big data, creating even more complexity for enterprises to manage.

Enterprise data fabric adoption has been on the rise as a solution to consolidate data coming from various sources and across distributed environments. Data fabric enables anyone in the organization to access and share data seamlessly, helping companies overcome data silos, drastically increase data understanding, and boost productivity amongst data teams.

Stratio accompanies businesses on their data fabric journey with a full-scale, self-service platform that helps with data exploration, governance, and monitoring. The augmented data fabric platform allows companies to create a unified environment where data is standardized, semantically defined, and within everyone’s reach.

Learn more here: https://www.stratio.com.

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Launch of Capricorn Industrial Biotech Fund by DSM, InnovationQuarter and Capricorn Partners

A new venture fund building a sustainable society through early-stage investments in the Industrial Biotech industry

Today, Capricorn Partners announces the establishment of Capricorn Industrial Biotech Fund, a new fund as part of its Cleantech portfolio of funds. The Capricorn Industrial Biotech Fund invests in early-stage ventures that are using biotechnology solutions to meet the growing demand for products made in a sustainable way.

Industrial Biotechnology is a key technology for the transformation of society towards Net Zero Carbon and Circularity. This industry will accelerate rapidly in the next decades, driven by recent advancements in bio-engineering, Artificial Intelligence, process technology, and a growing regulatory push for low carbon industry. Industrial Biotechnology will provide sustainable alternatives for food & feed ingredients, chemicals and intermediates, advanced materials and energy.

Industrial Biotechnology is in a technology lifecycle phase that is favorable for early-stage venture investing. Many promising technologies are being developed at universities and technology institutes, with a particularly strong presence in the Benelux and other countries in North-West Europe. Capricorn Industrial Biotech Fund invests in early-stage ventures in this industry, and assists them with their growth.

Rob van der Meij, Partner at Capricorn Partners:

Capricorn Industrial Biotech Fund is an excellent addition to our portfolio of Cleantech funds. It targets an industry where we expect strong growth, and where ventures can create significant value. Capricorn Industrial Biotech Fund complements our other funds such as the Capricorn Sustainable Chemistry Fund which invests in later stage sustainable technologies.

Capricorn Industrial Biotech Fund is an initiative of DSM (AMS: DSM), InnovationQuarter (the regional development agency of the greater Rotterdam-The Hague area in The Netherlands) and Capricorn Partners. The founding partners aim to establish a fund that will further strengthen the ecosystem around the Biotech Campus Delft and connect it to other centres of excellence in Belgium, France, Germany, Denmark and the United Kingdom.

Pieter Wolters, Managing Director DSM Venturing:

The new fund is a perfect vehicle to further boost the unique knowledge ecosystem on and near the Biotech Campus Delft where solutions to tackle the most pressing challenges in for example the way we produce and consume food are being developed. DSM is happy to be a co-founding investor in the Capricorn Industrial Biotech Fund, and we will continue to actively support and foster the scaling up of brilliant biotech inventions, companies and ventures that will sustainably transform health, nutrition and bioscience.

Liduina Hammer, Head of Investments at InnovationQuarter, stresses the importance of creating a sustainable production industry for the future economy of South Holland:

We support the transition from fossil to green factories in Zuid-Holland. Initiatives like PlanetB.io at the Biotech Campus in Delft support innovative companies to scale their biotech solutions and realise their impact for society. Through this fund we put extra effort in the most urgent climate and energy transition.

Capricorn Industrial Biotech Fund is launched following a first close, and will start sourcing deals as of now. Interested investors are invited to join for a final close at a maximum of €25 million.

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Seedtag surges ahead with €250m investment

We’re excited to share the news that Seedtag, the global leader in contextual advertising, has raised over €250M in funding from private equity investor Advent International.

Accelerating US expansion

Seedtag will use the funding to further scale its Contextual AI technology, LIZ©, and advance its worldwide operations with its fast-growing team of more than 300 employees, a more than 40% increase since 2021.
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Growth in the US is also a key strategic focus, with co-CEO and co-founder Albert Nieto recently making the move to New York to establish Seedtag’s official US headquarters.

A record-breaking year

This funding represents a big step forward for Seedtag, following its many achievements during the past year. Just ten months ago, Seedtag secured $40 million in a Series B round led by Oakley Capital. In June 2022, Seedtag also acquired French adtech company KMTX, a leader in developing AI models to automate performance marketing campaigns.
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Major changes in the advertising industry, coupled with the advancements in AI and contextual targeting, make Seedtag’s privacy-complaint and brand-safe solutions more relevant and valuable than ever.
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We are pleased to have partnered with Jorge Poyatos, Albert Nieto, and the Seedtag team from a very early stage, and we congratulate the entire Seedtag team on this outstanding achievement.

Seedtag Cofounders and Co-CEOs (L-R) Albert Nieto Riera and Jorge Poyatos

We can’t wait to see what comes next!

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