JP Morgan

Providing AI-driven market intelligence and workflow automation to give firms an edge

Capital Markets Tech

Axoni specializes in developing data synchronization solutions and financial market infrastructure for the global capital markets. The company offers its proprietary AxCore software that synchronizes data across enterprises. AxCore addresses decades-old coordination problems between large companies by guaranteeing real-time and accurate replication of data, reducing cost, risk, and errors when moving trade data and other critical information between financial institutions.AxCore has facilitated cleared stock loan transactions at Options Clearing Corporation (OCC), global credit derivatives in partnership with The Depository Trust &amp; Clearing Corporation (DTCC), a global communications platform for primary issuance of corporate bonds in partnership with DirectBooks, and global equity swaps in collaboration with a consortium of leading market participants.Key customers and partnershipsAxoni claims that its client base has grown to include many of the world's leading market infrastructure companies, asset managers, hedge funds, and global banks in the US, Europe, and Asia. The company has established strategic partnerships with organizations like DTCC, Fidelity, and SBI Group, in addition to global investment banks such as JPMorgan, Citi, and Goldman Sachs.

AccessFintech operates a cloud-based data collaboration network called Synergy that facilitates the sharing of transaction data between financial institutions involved in processing transactions such as stock trades, derivatives, and syndicated loans. The platform aggregates data from multiple sources, normalizes it, and provides tools for collaboration and workflow automation to streamline processes like settlement, pre-matching, and exception management. As such, AccessFintech's solutions help manage operational risk and ensure regulatory compliance.&nbsp;AccessFinTech supports regulatory compliance by providing tools for tracking and managing compliance-related tasks and enabling the automation of compliance workflows. This includes ensuring institutions adhere to evolving regulatory standards and maintain robust internal controls.Key customers and partnerships&nbsp;As of September 2022, the Synergy Network had over 100 participants, including major global banks, broker-dealers, custodians, and asset managers.&nbsp;The company expanded its partnership with Cappitech, a provider of regulatory reporting and business intelligence solutions, in March 2020. Through the partnership, AccessFintech expects to strengthen its offerings in governance and risk controls for market participants.&nbsp;AccessFintech partners with leading consulting firms like Deloitte and KPMG to support digital transformation efforts at major financial institutions. It has also formed strategic alliances with BNY Mellon, Bank of America, BNP Paribas, and other global banks to integrate its technology into their operations and offer Synergy's capabilities to clients. In June 2023, AccessFintech expanded its alliance with BNY Mellon to digitize loan data management through its platform.

Capitolis provides innovative solutions to optimize capital and resource utilization in the capital markets. Its flagship offerings include the Capital Marketplace and Portfolio Optimization platforms. The Capital Marketplace connects global banks with origination capabilities to institutional investors, enabling banks to access additional capital and investors to participate in new investment opportunities. The Portfolio Optimization solution allows clients to offset redundant positions and reduce capital requirements by collapsing or transferring trades through bilateral and multilateral optimizations and novations.&nbsp;The company acquired LMRKT, a multilateral optimization and compression provider, in August 2021. The acquisition was expected to enable Capitolis to enhance its trade solution offering to banks, asset managers, and hedge funds.&nbsp;As of August 2024, the company had optimized over USD 17 trillion in gross notional trades and facilitated over USD 76 billion in Capital Marketplace financing issuance.&nbsp;Key customers and partnerships&nbsp;As of August 2024, the company claimed it served over 100 of the world's largest financial institutions, including banks, hedge funds, and asset managers.Capitolis maintains partnerships and collaborations with several leading financial institutions and industry bodies. In June 2023, it connected its Novations platform to LCH ForexClear's FX Smart Clearing Solution to enhance optimization efficiencies for the FX market.&nbsp;Additionally, Capitolis collaborates with regulators and industry participants to address complexities around regulatory changes. It has conducted multiple proof-of-concept optimization runs and working groups to prepare clients for the implementation of the Basel Committee's Standardized Approach to Counterparty Credit Risk (SA-CCR) calculation changes.

London-based Acin provides operational risk management solutions for the financial services industry. The company's core offering is a digital platform that enables financial institutions to digitize their operational and non-financial risk analysis using data analytics. Acin's technology automatically collates data from multiple sources to create a unified view of the operational risk environment. Using proprietary AI, the platform securely reviews organizational data and compares it to the wider industry, generating a unique picture of the organization and its relation to the broader sector.&nbsp;The company's platform does not replace existing Governance, Risk, and Compliance (GRC) systems but takes Operational Risk Control data from GRC and other sources and matches it into the network. Acin's natural language processing (NLP) applies AI to analyze and match large amounts of new data entering the network as well as match regulations with each bank's individual Risk Controls.Key customers and partnershipsAcin has built an Operational Risk Control data network comprising 14 of the world's largest banks, such as J.P. Morgan and Citi.

Evooq is a Switzerland-based wealth management software services company specializing in risk analytics, portfolio construction, and advisory platforms. It provides technology-driven solutions to simplify the investment process and make investments more accessible and understandable for professional investors and their clients. Evooq's offerings include multi-asset class portfolio construction, pre and post-trade compliance checks, portfolio simulation for stress tests and optimal risk/return ratio determination, reporting with aggregated risk views, and portfolio optimization to provide investment recommendations.Key customers and partnershipsIn December 2022, J.P. Morgan Private Bank made a strategic investment in Evooq. The partnership aimed to provide client advisors with digital tools to deliver customized portfolios and personalized planning to ultra-high-net-worth clients across Europe, the Middle East, Latin America, and Asia.In May 2023, Evooq announced a partnership with Titanbay, a private market investment platform, to provide a comprehensive private markets solution to private banks and wealth managers. The collaboration aims to simplify investing in private markets for a wider client base through institutional-level access, reduced investment minimums, and a digital platform offering flexibility and control.

Edge Laboratories SA (Edgelab) is a Swiss wealth management software services company that specializes in risk analytics, portfolio construction, optimization, and advisory platforms. It offers software solutions designed to assess risks, create and improve portfolios, and provide advisory services to advisors catering to affluent clients. Edgelab's technology enables advisors to offer tailored portfolios for ultra-high-net-worth (UHNW) clients across Europe, the Middle East, and Asia. In December 2022, J.P. Morgan Private Bank made an undisclosed strategic investment in Edgelab to strengthen its digital capabilities for UHNW clients in these regions.

Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

Cleareye.ai offers AI-powered white-label FinTech infrastructure for banks to create FinTechs capable of generating insights from user data. The platform offers smart data and document interpretation to automate the sanction screening and money laundering prevention processes. Through AI and NLP, Cleareye extracts, validates, and classifies unstructured data.Accordingly, the Cleareye platform comprises a wide range of solutions for banks, including lending and credit processing, third-party risk assessment, sentiment sensing, financial wellness advising, and fraud detection and monitoring, among others.The company has global operations with offices in New York, Bahrain, and India.Key customers and partnershipsCleareye partnered with Microsoft in February 2021 to use Microsoft Azure to power Cleareye’s Paycheck Protection Program (PPP) Loan Forgiveness Processing Engine (LFPE). The LFPE uses Azure’s AI powered document automation and rules reconciliation solution, and plays a key role in Cleareye’s offerings given the Covid-19 pandemic increased the demand for loan forgiveness.In July 2020, Cleareye formed a joint business relationship (JBR) with PwC to improve Cleareye’s products by allowing its customers to use PwC’s consulting and subject matter expertise.Funding and financialsCleareye received an undisclosed sum as a <a href="https://sp-edge.com/updates/19534">strategic investment from J.P. Morgan </a>, in June 2023, to reinvest in technological innovations. Besides the investment, Cleareye was also working with J.P. Morgan’s Trade and Working Capital to enhance its offering further.

UK-based PPRO offers payment infrastructure through a set of application programming interfaces (APIs) for payment service providers (PSPs), banks, and enterprises, to build payment gateways, payment processing, and merchant acquirer services.The infrastructure integrates localized payment methods, which enable cross border transactions and allows merchants to expand their operations globally. In essence, PPRO looks to mitigate the barriers to international trade caused by the fragmentation of payment systems, as popular payment methods tend to vary by country.PPRO noted that the transaction volume through its platform rose 60% year-over-year in 2020 to reach USD 11 billion in processed payments.The company expanded its operations to Indonesia and Singapore during 2020, and <a href="https://sp-edge.com/updates/8970">subsequently acquired Alpha Fintech </a>, a cloud-based digital payment infrastructure provider primarily focusing on Asia Pacific (APAC), in March 2022. PPRO maintained its expansion momentum in the region in 2023, by broadening <a href="https://sp-edge.com/updates/16445?industryIds=53">its presence to South Korea </a>, in February, and <a href="https://sp-edge.com/updates/18050">partnering with NIPL </a>to enable access to UPI (Indian real-time payment system for cross-border transactions) in April.Key customers and partnershipsAs of March 2021, PPRO had over 100 large global customers, including PayPal, Mastercard Payment Gateway Services, Stripe, and Citi.In <a href="https://sp-edge.com/updates/30123">May 2024</a>, PPRO partnered with Denmark-based digital banking platform Lunar and Sweden-based mobile payment provider Swish to enhance payment capabilities and expand product reach in Sweden. In September 2022, The company <a href="https://sp-edge.com/updates/13080">partnered with Australian BNPL solutions provider ZIP</a>, as well as with <a href="https://sp-edge.com/updates/13262?industryIds=53">the most popular e-wallets in Malaysia</a> – GrabPay and Touch ‘n Go – to expand its global operations. In September 2022, The company <a href="https://sp-edge.com/updates/13080">partnered with Australian BNPL solutions provider ZIP </a>, as well as with <a href="https://sp-edge.com/updates/13262?industryIds=53">the most popular e-wallets in Malaysia </a>– GrabPay and Touch ‘n Go – to expand its global operations.Funding and financialsIn March 2021, PPRO raised USD 90 million in a funding round led by JPMorgan Chase (JPM) and Eldridge shortly after receiving unicorn status through a USD 180 million funding round in January 2021. Alongside the funding, PPRO also partnered with JPM to enable the bank’s credit card business to gain more global traction as a payment method and to help JPM’s business banking customers expand in more markets worldwide.

Socure offers an automated machine learning and predictive analytics platform for enterprises to identify and prevent fraud. It offers a modular design and multiple products including anti-money laundering (AML) capabilities, through a single API. The platform primarily caters to industries that face a risk from “thin-file” clients, such as e-commerce firms, retailers, and lenders. The company has three offices in the US and one in Chennai, India.Socure uses a range of information sources to authenticate people including email, phone, address, social media, etc. from over 310 sources, and in August 2020 reported that its platform reduced fraud rates by about 80% and manual review costs by around 90%. The company <a href="https://sp-edge.com/updates/19717">acquired Berbix </a>, a platform that verifies identities by scanning IDs in real-time, in June 2023, and integrated Berbix in version 3.0 of its Predictive Document Verification service (DocV 3.0).Moreover, in July 2021, Socure launched what it claims to be the first identity verification and fraud solution built specifically for the Buy Now, Pay Later (BNPL) industry. The solution is built on the Socure ID+ platform and leverages deep identity and transaction data used by more than 100 BNPL providers, alternative payment providers, fintechs, banks, and credit card issuers.In October 2024, the company acquired Effectiv, a real-time risk decisioning company, for USD 136 million. The acquisition would combine Socure's digital identity verification and fraud solutions with Effectiv's AI orchestration and decisions platform.&nbsp;Key customers and partnershipsSocure’s customer base has grown to around 1,800 enterprises as of July 2023 across several industries, including financial services, government, gaming, healthcare, and telecom, among others. Socure noted that its platform was used by four of the top five banks, 13 of the top 15 card issuers, and over 250 FinTechs, as of March 2023.Socure <a href="https://sp-edge.com/updates/20255">partnered with digital lending platform MeridianLink </a>in July 2023. The solution combined Socure ID+ with MeridianLink One to help Meridian's customers, including credit unions, banks, and FinTechs, verify identities to onboard clients.

Buy Now, Pay Later

Slope provides an API-based installment financing product for B2B transactions. It directly integrates with the customer’s checkout and manages lending, underwriting (powered by machine learning), and debt collections. Slope claims that its developer-centric approach, which contributes to faster technology integration and automated underwriting, is its differentiator. It generates revenue by charging merchants a percentage on each transaction. As of April 2022, the company had a merchant footprint of 2,500 businesses and served customers in the US and Mexico.Slope launched <a href="https://sp-edge.com/updates/31726">SlopeAI</a>, an AI underwriting tool available to financial institutions for faster client onboarding and monitoring, with access to Slope’s LLMs for bank data enrichment, KYB/KYC powered by AI agents and internal production risk models.In September 2023, Slope reported its transaction volume and revenue had increased by 17x since last year.

Tabby is an online and in-store BNPL solution provider based in the UAE and Saudi Arabia. Customers can defer payment for 14 days or pay in four equal installments. It claims that by using its platform, merchants can witness more than a 20% improvement in sales conversion rates. Tabby does not charge customers if loans are repaid on time. It generates revenue through commission-based fees from merchants plus a flat per-transaction fee. It also charges customers late payment fees between SAR 15-SAR 30 (approximately USD 4-8). Tabby announced the suspension of its activities in Egypt by March 2023. The company secured a <a href="https://sp-edge.com/updates/20725">permit from the Saudi Central Bank (SAMA) </a>to expand its operations within the Kingdom of Saudi Arabia in August 2023. In February 2024, Tabby launched <a href="https://sp-edge.com/updates/26975">Tabby+</a>, a monthly subscription-based flexible payment offering that allows users to pay in four installments.In September 2024, Tabby entered a&nbsp;<a href="https://sp-edge.com/updates/33218">definitive agreement to acquire</a>&nbsp;<a href="http://v">Tweeq</a>, a Saudi-based digital wallet licensed by the Saudi Central Bank, for an undisclosed sum. Following the acquisition, Tweeq will continue to operate independently while partnering with Tabby to expand its services within Tabby's ecosystem. It will allow Tabby to expand its financial products suite to include digital spending accounts, cards, and money management tools, subject to regulatory approval.Key partnerships and customers<a href="https://sp-edge.com/updates/27703">In March 2024</a>, Tabby partnered with Bahrain-based EasyPay, a POS and online payment gateway provider, to offer Buy Now Pay Later (BNPL) services in Bahrain. Tabby inked a partnership with Visa and M2P Fintech, Asia's largest API infrastructure company, to launch a digital BNPL Visa card for in-store payments in May 2022. Users can access the digital card (currently in invite-only access in the UAE) via the Tabby app or add it to their digital wallets to split payments at in-store checkouts. Other partners include DHL, DXBUY (a UAE B2B e-commerce platform), and First Abu Dhabi Bank.As of November 2023, Tabby had over 30,000 merchant and brand partnerships and serviced over 10 million users across Saudi Arabia, the UAE, and Kuwait. In May 2023, Tabby had a merchant footprint of more than 15,000, which includes Adidas, IKEA, H&amp;M, Bath &amp; Body Works, Nike, Marks &amp; Spencer, Vivo (June 2023), LuLu hypermarket and Flyna (August 2023). It also reported over 4 million active platform users. The company reported that it had grown 10x in revenue, 8x in active customers and 3x in active retail partners in the first six months of 2022, compared to that of 2021.

Sunbit’s BNPL services are concentrated in the US, but the company also operates development centers in Tel Aviv and Binyamina, Israel. The company’s co-founders include Arad Levertov and Tal Riesenfeld, who were former Intel software engineers. Sunbit provides online and in-store financing for products ranging between USD 50-USD 10,000, which can be broken down into 3, 6, 12, and 34-month installments. The buyer is required to place a down payment, and the platform’s APR’s can range between 0%-36% depending on the type of merchant, merchant location, and the buyer's location. Sunbit also launched no-fee credit managed through the company’s MySunbit app in August 2022.The platform charges a flat fee of USD 10 if any part of a payment is 10 days late or more. The company’s BNPL loan orientation is handled by Transportation Alliance Bank, Inc. As of October 2021, the company had a merchant footprint of 8,000, while it claims to add more than 300 additional locations per month. Sunbit’s revenue generation occurs through commissions and monthly subscriptions from merchants and interest-bearing financing for customers.Key customers and partnershipsNotably, the company has focused on offering BNPL options for transactions involving essential services such as dental treatments and eyewear, as well as auto dealerships and repair services. These include Honda, Kia, Eyemart Express, LensQuote, BDG Dental services, and Alfa Dental Management. Furthermore, the company claimed that it had achieved 2x YoY growth in revenue in 2020. As of March 2021, the platform had facilitated around 400,000 BNPL transactions since inception, out of which 250,000 (roughly 63%) came in 2020.Funding and financialsIn January 2024, Sunbit secured USD 310 million through a <a href="https://sp-edge.com/updates/26115">debt warehouse facility </a>co-led by Citi and Ares Management Credit funds. The funds were earmarked to expand product reach and support growing demand for its BNPL offering and the zero-fee Sunbit Card.Key competitors: None comparable (Sunbit is in the growth stage focusing on BNPL for healthcare services)

Established renewable energy technologies for a greener future

Current-gen renewables

Origis Energy is a solar and energy storage developer operating in the US. The company specializes in developing, financing, engineering, procuring, constructing, and managing solar and battery energy storage system (BESS) projects. Origis Energy utilizes thin-film solar panels manufactured by First Solar for its photovoltaic (PV) solar facilities. In December 2022, the company contracted with Mitsubishi Power Americas to deliver three utility-scale BESS projects totaling 150 megawatts/600 megawatt-hours. These BESS projects will be co-located with Origis Energy's PV solar facilities in the Southeast US to reduce curtailment of excess solar generation, enabling greater efficiency and higher capacity at the sites.
Origis Energy's BESS projects employ Mitsubishi Power's Emerald Integrated Plant Controller, an Energy Management System and Supervisory Control and Data Acquisition system that instructs the BESS when to charge and deploy, monitors status, sends alarms and alerts, and enables long-term data storage. As of December 2022, Origis Energy had pioneered large-scale solar in the Southeast, working with utilities, municipalities, and electric cooperatives to deploy over 1.5 gigawatts of operational and contracted projects in the region. The company's total operational and contracted solar and BESS projects across the US exceeded four gigawatts. Additionally, Origis Energy had 2.3 gigawatt-hours of BESS projects contracted or in negotiation, with 13.7 gigawatt-hours currently being developed.
In April 2022, Origis Energy placed an order for 750 megawatts of First Solar's thin-film solar panels, scheduled for delivery in 2024 to Origis projects in the US. This agreement built on a long-standing relationship between the two companies spanning five years and over 1.5 gigawatts of First Solar's thin-film modules.

BrightNight is a renewable integrated power company that provides utility and commercial and industrial customers with clean, dispatchable renewable power solutions. The company designs, develops, and operates large-scale hybrid renewable power projects optimized to manage the intermittent nature of renewable energy. BrightNight's proprietary software helps maximize performance and deliver high-value projects at the lowest cost to customers.
BrightNight's portfolio includes several projects under development, such as the 500MW Hop Hill project in Washington, combining 500MW of solar energy with battery storage, the 300MW Box Canyon project in Arizona featuring a hybrid design, and the 125MW Ragland project in Kentucky. In July 2023, the company announced plans for an 800MW solar plant at a former coal mine in Kentucky, representing a USD 1 billion infrastructure investment.
In January 2024, BrightNight secured a USD 375 million green loan corporate credit facility to support its US project portfolio, including solar, energy storage, and integrated technologies. The company aims to execute on its ~31GW US renewable power portfolio through this funding.

Apex Clean Energy is an independent American clean energy company focused on accelerating the transition to renewable energy sources. The company specializes in the development, construction, and operation of utility-scale wind, solar, and energy storage facilities across North America. Apex Clean Energy's expertise lies in identifying suitable sites, obtaining necessary permits, securing power purchase agreements (PPAs), and overseeing the construction and operation of renewable energy projects.
In September 2023, Apex Clean Energy secured an order from Vestas, a leading wind turbine manufacturer, to repower the 126 MW Downeast Wind project in Maine. The project involves the installation of 30 V150-4.2 MW wind turbines, with Vestas providing supply, delivery, commissioning services, and a multi-year Active Output Management (AOM) service agreement to optimize asset performance.
Apex Clean Energy has demonstrated its commitment to expanding its renewable energy portfolio through strategic partnerships and acquisitions. In January 2024, the company entered a joint venture with SK Gas and SK D&D, leading Korean companies in the liquefied petroleum gas and green energy sectors. The joint venture, named SA Grid Solutions, aims to own and develop energy storage projects in the US, with the 100 MW/200 MWh Great Kiskadee utility-scale battery project in Texas as its first asset.
In December 2023, Apex Clean Energy formed a strategic partnership with ERG S.p.A., an Italian renewable energy company, to manage and potentially expand a portfolio of wind and solar assets in Iowa and Illinois. The partnership includes a 224.4 MW operational wind farm in Iowa and a 92.4 MW operational solar plant in Illinois, with a combined estimated annual production of over 950 GWh.
Furthermore, in August 2022, Apex Clean Energy refinanced and expanded its corporate debt facilities, securing USD 650 million in debt capital through green term loan and revolving letter of credit facilities. This transaction aimed to accelerate the company's growth as an independent power producer and expand its portfolio of operating renewable energy assets.
Key customers and partnerships
In January 2023, Apex Clean Energy announced an environmental attribute purchase agreement (EAPA) with Meta, a leading technology company, for the full capacity of the 195 MW Angelo Solar project in Texas. This agreement contributes to Apex Clean Energy's portfolio with Meta, which now exceeds one gigawatt of clean energy across multiple projects in various US states, including Texas, Virginia, Illinois, Kansas, and Iowa.
Additionally, in December 2023, Apex Clean Energy entered into a strategic partnership with ERG S.p.A., an Italian renewable energy company. The partnership involves ERG acquiring a 75% stake in a holding company that includes a 224.4 MW operational wind farm in Iowa and a 92.4 MW operational solar plant in Illinois, with Apex retaining the remaining 25% stake and continuing the operational management of the assets.

Disrupting the traditional financial system using blockchain

Decentralized Finance (DeFi)

Ownera offers an open-source platform that connects tokenization platforms with trading interfaces launched by traditional finance companies. It offers the “FINP2P” protocol that enables users to connect a securities tokenization engine across any public or private blockchain or traditional ledger. It then provides clients with a unified digital securities wallet that enables them to invest, trade, lend, and borrow against connected tokenized assets such as real estate or securities. The company reportedly led a group of 70 financial institutions and FinTechs to design FINP2P. Funding and financialsIn September 2022, Ownera <a href="https://sp-edge.com/updates/13037">raised USD 20 million </a>in Series A funding led by JPMorgan and LRC Group.

Figure Technologies leverages the Provenance Blockchain to offer a range of financial services including loan origination, servicing, financing, private company stock management, and fund registry. The company entered the DeFi space in March 2024 with the launch of Figure Markets, a decentralized exchange for trading cryptocurrency, securities, and blockchain-native alternative investments. Moreover, the platform also enables users to take out loans that leverage their crypto holdings as collateral (BTC or ETH).&nbsp;Institutional users can integrate with their existing trading systems using the platform’s pre-built APIs and endpoints and make deposits and withdrawals in fiat currency. The platform leverages multi-party computation (MPC) wallets, which distribute private keys across a decentralized network and require multi-party approval, to enable distributed transactions instead of centralized settlement. Its lending solution also enables users to retain beneficial ownership of their collateral, which is held at a regulated asset custodian.Funding and financialsIn March 2024, Figure Technologies <a href="https://sp-edge.com/updates/27698">raised USD 60 million</a> in a Series A funding round led by Jump Crypto, Pantera Capital, and Lightspeed Faction to develop and launch Figure Markets. Moreover, the company also stated that it was developing a “registered security alternative” to stablecoins for its system.

Data Infrastructure & Analytics

Grafana Labs is a company that specializes in open-source observability and data visualization solutions. Its primary offerings include Grafana, an open-source platform for monitoring and analyzing metrics, logs, and traces from various data sources; Grafana Cloud, a fully managed observability platform and enterprise solutions for on-premises deployments; and Grafana Labs, which develops and maintains other open-source projects such as Loki for log aggregation, Tempo for distributed tracing, and Mimir for metric storage and querying.Grafana's visualization and insight tools allow users to create customizable dashboards and panels to display data from multiple sources in a single view. The platform supports various data sources, from AWS to Zabbix, enabling users to combine diverse datasets for comprehensive analysis. Their observability platform offers synthetic monitoring, root-cause analysis, and AI/ML-powered insights to help users proactively monitor and troubleshoot their systems.&nbsp;In September 2024, the company introduced several&nbsp;<a href="https://sp-edge.com/updates/33948">updates to its observability platform</a>, focusing on improving data infrastructure, cloud observability, and overall platform functionality. Key updates include Explore Apps for traces and profiles, Cloud Provider Observability for multi-cloud visibility, and enhanced Synthetic Monitoring and Load Testing features.Key customers and partnershipsIn March 2024, Grafana Labs partnered with AWS to make GenAI models from Amazon Bedrock available within the SAP Generative AI Hub. This collaboration allowed SAP customers to access AI models from various providers through Grafana's platform, enhancing their AI capabilities and options.In June 2024, Grafana Labs partnered with Embrace to bring modern mobile app observability based on OpenTelemetry to users of Grafana Labs' products. This partnership aimed to tie frontend mobile telemetry to backend performance data, enabling a cohesive workflow for SREs and DevOps to understand end-user impact and health while giving mobile developers tools to prevent issues that reduce user engagement.

Prophecy is a low-code data transformation platform that enables users to build and manage data pipelines through a visual drag-and-drop interface. The platform converts visual workflows into Apache Spark code, allowing users to create data processing pipelines without extensive programming knowledge. Prophecy's technology serves two key functions: providing a visual interface for business users to work with data, and generating high-quality code that allows data teams to implement software best practices. The platform supports both SQL and Spark-based transformations, working with various data formats including Parquet, ORC, CSV, JSON, and Delta Lake. In 2023, Prophecy expanded its capabilities by introducing SQL support for data warehouses, an AI assistant called Prophecy Data Copilot for building visual data pipelines, and Prophecy Package Hub for sharing business standards. In April 2024, the company launched Prophecy University, an online learning center designed to help data engineers and businesses become more productive with data transformation.
Key customers and partnerships
Prophecy serves thousands of users across Fortune 500 organizations, including multiple Fortune 50 companies where hundreds of engineers run thousands of ETL workloads daily. The company maintains a strategic partnership with Databricks, integrating directly with the Databricks User Interface through Partner Connect. Users can access Prophecy through Databricks Workflows to manage production workflows on any cloud platform.

Tools that streamline software development

DevOps Toolchain

Harness is a software delivery platform that provides continuous integration and continuous delivery (CI/CD) solutions for enterprises. Founded in 2017 by Jyoti Bansal, the company offers a suite of tools designed to automate and streamline the software development lifecycle. Harness's platform includes modules for CI, CD, feature flags, security testing orchestration, service reliability management, and chaos engineering. The platform leverages artificial intelligence and machine learning to detect deployment quality and automatically roll back failed deployments. Harness aims to simplify the DevOps process by reducing the need for custom scripting and manual oversight in software delivery pipelines. The company's CD solution allows developers to deploy code changes within minutes of a pull request being merged, with necessary tests and scans run during the pipeline. Harness also provides cloud cost management capabilities, offering visibility into cloud resource consumption with hourly granularity. In January 2024, Harness reported surpassing USD 100 million in annual recurring revenue and serving over 600 enterprise customers. The platform facilitated over 44 million code deployments for customers in 2023, more than double the previous year's figure.
Key customers and partnerships
Harness counts some of the world's largest retailers and banks among its customers. Notable clients include Ancestry, which reported an 80-to-1 reduction in developer effort for implementing new features across pipelines. Ulta Beauty credited Harness with saving months of time in bringing their ecommerce platform to market. Other key customers include Citi Bank, National Australia Bank, Booking.com, United Airlines, and Yum! Brands. In February 2023, Harness announced its acceptance into Platform One, the US Air Force's DevSecOps platform, making its CI, CD, and Security Testing Orchestration modules available to US government agencies. This certification enables government agencies to increase speed-to-mission and reduce the burden on developer teams. In January 2024, Harness acquired Armory Inc., a competitor focused on automating continuous deployment workflows, in an all-cash deal valued at approximately USD 7 million.

Grafana is an open-source platform for data visualization and analytics. Launched in 2014, Grafana allows users to query, visualize, alert on, and understand metrics from various data sources. It supports over 30 data sources out of the box, including popular options like Graphite, Prometheus, Elasticsearch, MySQL, and PostgreSQL. Grafana's core functionality revolves around creating customizable dashboards with a wide range of visualization options such as graphs, charts, heatmaps, and geomaps.The platform is highly flexible, allowing users to combine different data sources and create complex, multi-panel dashboards. Grafana's query editor is customized for each data source, enabling efficient data retrieval and manipulation. The software also includes a robust alerting system that can notify users through various channels when specific conditions are met.Grafana is designed to be scalable and can handle large datasets, making it suitable for both small startups and large enterprises. Its plugin architecture allows for further customization and extension of functionality. As of 2024, Grafana has become one of the most popular visualization tools in the industry, with over 1 million active instances reported.Key customers and partnershipsGrafana has gained significant traction across various industries. Notable users include PayPal, eBay, and Intel, who leverage Grafana for their monitoring and visualization needs. The platform's versatility has led to its adoption in diverse sectors, from ecommerce to technology.Grafana Labs, the company behind Grafana, has established partnerships with major cloud providers and technology companies. These collaborations have resulted in integrations with services like Amazon Web Services, Microsoft Azure, and Google Cloud Platform, enhancing Grafana's capabilities in cloud environments.The open-source nature of Grafana has fostered a large and active community of contributors and users. This community engagement has led to the development of numerous plugins, templates, and integrations, further expanding Grafana's functionality and applicability across different use cases.

Building future-ready applications in the cloud

Cloud-native Tech

Grafana Labs is an open-source software platform that provides observability, monitoring, analytics, and visualization.The Grafana Cloud offers features such as Log monitoring, for quicker troubleshooting at scale; Grafana, which provides flexible dashboards; Traces, for a simplified and scalable distributed tracing backend; Metrics, which provides metric management services; Profiles, a continuous profiling tool that enables a better understanding of resource usage of code; Performance Testing; IRM – Incident Response and Management; and Frontend Observability – a hosted service for real user monitoring, which provides insights into web applications’ end-user experience in real time. Grafana Labs’ open-source projects include Grafana Loki, Grafana Tempo, Grafana Agent, Grafana OnCall, and Grafana k6.In<a href="https://sp-edge.com/updates/23810"> November 2023,</a> Grafana Labs showcased new capabilities to monitor and observe Kubernetes clusters using its cloud platform and revealed its Grafana Agent software's compatibility with OpenTelemetry Collector, a tool for managing telemetry data. In <a href="https://sp-edge.com/updates/27680">March 2024</a>, the company introduced the AWS Observability app in Grafana Cloud, replacing the existing AWS monitoring integration to improve, simplify, and streamline the monitoring of users' AWS environment. Further, in <a href="https://sp-edge.com/updates/28409">April 2024</a>, it announced the release of Grafana 11.0, Loki 3.0, and Grafana Alloy, offering enhancements to its existing suite of open-source tools.Grafana Labs offers its platform as a subscription-based service.Grafana Labs <a href="https://sp-edge.com/updates/23902">acquired</a> Asserts.ai, a technology that aids users in navigating and comprehending their observability data in November 2023.In <a href="https://sp-edge.com/updates/23902">March 2023</a>, Grafana Labs acquired Pyroscope, an open-source profiling program. The company was merged with Grafana Labs’ continuous profiling database Grafana Phlare, under the new name Grafana Pyroscope. In 2021, Grafana Labs acquired Amixr, an incident management software, which was rebranded as Grafana OnCall. Grafana Labs also acquired Pace, an application software that provides project management tools, which was absorbed into the company, and k6, a performance testing SaaS tool, which continues to operate independently.Key customers and partnershipsGrafana’s customers operate in industries and sectors such as healthcare, software and technology, media and entertainment, government, education, IoT, and retail/ecommerce. Notable customers include Adobe, Microsoft, Roblox, Nvidia, DHL Express, JPMorgan Chase, Atlassian, Paradigm, Cisco, Siemens Mobility, Snyk, Dell Technologies, TripAdvisor, and Booking.com.Grafana Labs’ integration partners are Amazon Web Services (AWS), Azure, Elastic, Humio, and CloudFlare.

Harness is a software delivery platform that provides tools to build, test, deploy, and maintain software and applications. It claims to be the first software delivery platform to use AI to simplify DevOps processes.Harness offers a holistic DevOps platform that simplifies and accelerates the software delivery process. It includes features like continuous verification, feature flags, smart variables, and advanced analytics and supports multi-cloud and hybrid environments. Harness stands out with its machine learning-driven verification, ensuring reliable and high-quality software releases for organizations of all sizes.Harness offers its products as a subscription-based service.In 2023, Harness acquired OverOps, a software analytics company, and Propelo, a provider of real-time engineering metrics. In 2022, Harness acquired ChaosNative, a solutions provider for engineering and cloud-native reliability. The company continues to operate separately. Harness also acquired open-source continuous integration company Drone.io in 2020. Drone.io still operates independently.In <a href="https://sp-edge.com/updates/25477">January 2024 </a>, Harness acquired the assets of Armory, a continuous delivery platform company, for USD 7 million. Harness plans to integrate some of Armory’s technology into its products.Harness also acquired Split Software in <a href="https://sp-edge.com/updates/29964">May 2024</a> to integrate Split's feature management and experimentation capabilities into its own software delivery platform, offering an integrated solution that allows software teams to build, deploy, test, and refine software features.Key customers and partnershipsHarness has hundreds of customers in industries such as IT, finance, health, service, and SaaS. Customers include Siemens, Kroger, Vodafone, LexisNexis, PicPay, Shipt, Synopsys, Rakuten Card, Ulta Beauty, SquareSpace, Ancestry, The Warehouse Group, and Genentech.Harness’ partners include Google Cloud, Azure, Amazon Web Services (AWS), Insight, Jems, HashiCorp, Ahead, Altoros, Benchmark, Digital Architects Zurich, Grid Dynamics, and Lucernys.

Ensuring the right people access the right resources at the right time

Identity & Access Management

<div>
 
 Incode Technologies provides identity verification and authentication solutions for global enterprises. The company's flagship product, Incode Omni, is a fully automated AI-powered platform that enables identity verification, risk control, and analytics for onboarding and authentication use cases.&nbsp;
 
 
 Incode Omni offers a frictionless customer experience with advanced fraud protection and privacy and safety standards. Its key features include biometric authentication, document verification, liveness detection, and orchestration tools to customize user flows based on risk levels. It guides users through document scanning and selfie capture, providing real-time verification results. It also offers know-your-customer (KYC), know-your-business (KYB), and age verification capabilities, as well as passwordless authentication and payment verification tools.
 
 
 Key customers and partnerships
 
 
 Incode Technologies provides its services to companies like Hoteza, Mama Money, Intelity, and Black Ink Tech to expand its reach and provide integrated identity solutions across various industries.&nbsp;
 
 
 The company has secured notable partnerships and customers across sectors such as financial services, hospitality, entertainment, and sports. In November 2022, the company announced its partnership with LIGA MX, Mexico's top professional football division, to implement its FAN ID identity verification technology across all stadiums.
 
 
 Funding and financials
 
 
 In December 2021, the company raised USD 220 million in a Series B funding round led by General Atlantic and SoftBank, with participation from J.P. Morgan, Capital One Ventures, and Coinbase Ventures, at a valuation of USD 1.25 billion.
 
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<div>
 
 Socure provides digital identity verification and fraud prevention solutions. The company has developed an AI-powered platform that leverages predictive analytics and machine learning techniques to verify identities in real time. Socure's platform uses over 17,000 features and 8 billion rows of data from diverse sources, including online and offline data intelligence, to deliver highly accurate identity assessments.
 
 
 Socure's proprietary identity verification graph analyzes and correlates every aspect of a digital identity, enabling the company to automate the verification process. The company offers several other products, including Sigma Identity Fraud for detecting synthetic fraud, DocV for automated document verification, and an accurate and inclusive KYC solution. Socure has also expanded its offerings globally, with services now available in Canada, the UK, and Europe.
 
 
 Key customers and partnerships
 
 
 As of May 2024, Socure served more than 2,300 customers across various sectors, including finance, gaming, healthcare, telecom, and ecommerce. Key customers include Chime, SoFi, Robinhood, Gusto, Public, Stash, and DraftKings, Poshmark, and Capital One.
 
 
 Funding and financials
 
 
 In March 2023, the company received a USD 95 million credit facility with J.P. Morgan, Silicon Valley Bank, and KeyBanc Capital Markets to strengthen its financial position.
 
 
 In 2021, it raised USD 100 million in a Series D funding round and USD 450 million in a Series E round. Its valuation for the Series E round was USD 4.5 billion.
 
 
 
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New technologies are opening up mental health services to previously overbooked and underserved populations.

Mental Health Tech

Meru Health is an online platform that connects patients experiencing stress, depression, anxiety, burnout, and other mental health issues to licensed therapists. The company was founded by Kristian Ranta in 2016 after his older brother died from suicide after battling depression. The platform offers a 12-week program and personalized text-based coaching services and virtual workshops. Meru also provides access to progress reports and anonymous peer support groups as well as sleep, nutrition, and mindfulness advice. The program utilizes a wearable device that monitors heart rate variability and provides real-time feedback, allowing patients to visualize the connection between their mental and physical health.In March 2024, Meru Health introduced a 100% fees-at-risk pricing model for healthcare payers and employers, guaranteeing outcomes, access, and engagement. This value-based care approach aims to incentivize enrollment, quality care delivery, cost management, and medical cost savings.The company reported a 10x YoY growth in its customer base in 2020 and plans to serve 10 million users by 2027. The company also achieved 8x YoY growth in revenue in 2020 amid an increase in demand in mental health services brought about by the Covid-19 pandemic.Key customers and partnershipsMeru Health partners with major health insurance providers, including Humana, Aetna, and Moda Health. In January 2022, the company joined Evernorth's national behavioral health provider network, making its services available to Cigna health plan customers accessing benefits through their employer or individual and family plans.Meru Health also works with employer groups to provide mental healthcare for employees. In September 2022, Meru Health and clinical trial platform Curebase <a href="https://sp-edge.com/updates/13230">announced a partnership </a>to carry out a three-year clinical trial to measure the effectiveness of Meru Health’s 12-week digital depression treatment targeting primary care patients. The study was funded by the National Institutes of Health’s Small Business Innovation Research program.

Facial recognition delivers incredible convenience to consumers, as well as serious risks.

Facial Recognition

Incode Technologies is an omnichannel biometric identity platform that focuses on frictionless banking, payment, hospitality, and retail experiences.&nbsp;The company has offices in Latin America and Europe. Incode’s products are already used by some of the world’s largest banks, financial institutions, governments, and retailers. Incode’s product suite covers services such as 1) digital onboarding of customers using their face and&nbsp;government-issued ID, 2) a&nbsp;kiosk solution enabling organizations to authenticate customers, 3) mobile phone-based authentication, 4) online and in-store settings payment&nbsp;facilities, and 5) an online transaction verification platform.&nbsp;Incode’s technology can run even with low-end mobile phones that have poor-quality cameras. Incode is also one of the handful of companies to obtain iBeta liveness certification for its passive liveness solutions that does not require any actions from the user (compared&nbsp;with competitor FaceTec that requires a video selfie of the user).In June 2024, Incode acquired&nbsp;<a href="https://sp-edge.com/companies/731741">MetaMap</a>, a San Francisco-based company specializing in Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions, expanding its capabilities in digital KYC tools and payment validation services.Key customers and partnershipsIn May 2022, Incode entered a strategic partnership with luxury hospitality company&nbsp;<a href="https://sp-edge.com/updates/10294?industryIds=16">Jumeirah Group,</a> operating across the Middle East, Europe, and Asia, to offer personalized services to guests using facial recognition technology.&nbsp;The company also entered similar partnerships later in 2022, with&nbsp;<a href="https://sp-edge.com/updates/14407">Hoteza</a> (November),&nbsp;<a href="https://sp-edge.com/updates/11460">Hudini</a> (July), and&nbsp;<a href="https://sp-edge.com/updates/11364">INTELITY&nbsp;</a>(June) to offer similar services. In November 2022, Incode appointed Malaysian technology company&nbsp;<a href="https://sp-edge.com/updates/14517">Spectrum Edge</a> as the company’s first Malaysian reseller.&nbsp;<a href="https://sp-edge.com/updates/21020">In August 2023</a>, Incode Technologies Inc., partnered with Carahsoft Technology Corp., an IT solutions provider in the government sector, to provide identity verification solutions tailored to the needs of the public sector. As per the partnership agreement, Carahsoft aimed to act as the Master Government Aggregator for Incode, enabling its identity verification solutions to be accessible to the public sector through Carahsoft's reseller partners.&nbsp;<a href="https://sp-edge.com/updates/21956">In September 2023</a>, Incode Technologies partnered with<a href="https://www.crunchbase.com/organization/sardine"> Sardine</a>, a provider of fraud prevention and compliance software, to provide facial and behavioral biometric authentication solutions for FinTech firm Marygold &amp; Co. Together, they would offer the KYC onboarding process for Marygold. In&nbsp;<a href="https://sp-edge.com/updates/33871">September 2024</a>, the company partnered with AstroPay, a global payment platform, to improve the security and compliance of the latter's platform.

More important now than ever, telehealth will long outlast the pandemic that drove its growth.

Telehealth

Texas-based Wheel enables healthcare providers to have access to clinical staff, white-label primary care and behavioral health facilities, healthcare technology, and laboratory services. The company works with both healthcare companies and individual clinicians to provide its white-label services while additionally providing clinician matchmaking services.&nbsp;In <a href="https://www.prnewswire.com/news-releases/wheel-acquires-goodrx-care-backend-technology-to-strengthen-its-virtual-first-care-platform-301675151.html">November 2022</a>, the company entered into an agreement with telehealth provider GoodRx to purchase its electronic health record, clinical management tools, and patient experience software facilities for USD 19.5 million in a cash deal. Upon closure of this deal, Wheel integrated these facilities into its telehealth platform offerings, while GoodRx continued to carry out its operations. Additionally, 20 employees of GoodRx received offers to join Wheel’s team.In <a href="https://www.wheel.com/companies-blog/wheel-launches-horizon-platform-powered-by-ai-and-condition-specific-care-programs">June 2024</a>, the company launched Horizon, an AI-driven platform designed to help health plans, digital health providers, and life sciences companies scale their virtual care programs across the country. Horizon integrates a data-first EHR, Wheel's national clinical network, and various partners to form a comprehensive virtual care platform. Key features of Horizon include Predictive Care Pathways, open connectivity infrastructure for seamless integration with existing care delivery systems, and customizable patient care programs based on evidence and clinical insights. Care programs can be tailored to address specific health conditions or populations.The company claimed that, as of <a href="https://www.wheel.com/">July 2024</a>, it covered over 4.5 million lives.Key customers and partnershipsMost recently, in <a href="https://investors.owletcare.com/news/news-details/2024/Owlet-Forges-Groundbreaking-Partnership-with-Wheel-to-Launch-Virtual-TeleHealth-Services-Platform/default.aspx">April 2024</a>, Wheel partnered with infant technology company Owlet to allow Wheel's clinical staff to prescribe Owlet's FDA-approved, wire-free exclusive product, BabySat, an infant pulse oximetry sock. Through the partnership, Wheel would manage the BabySat virtual telehealth services platform. Additionally, caregivers could obtain prescriptions for BabySat and the device directly through Wheel's portal or its clinicians. Wheel then worked with medical equipment suppliers who can bill insurers for the product, thus easing caregivers' burden.In <a href="https://medcitynews.com/2024/03/cost-plus-drugs-talkspace-health-gorilla-join-wheels-virtual-care-ecosystem/#:~:text=Wheel%2C%20a%20virtual%20care%20platform,Health%20Gorilla%2C%20it%20announced%20Thursday.">March 2024</a>, Wheel partnered with prescription drug provider Mark Cuban Cost Plus Drug Company and data sharing platform provider Health Gorilla to expand its integrated virtual healthcare ecosystem. Through these partnerships, Wheel’s customers could receive home delivery of prescription drugs through Cost Plus Drugs and access lab and diagnostic services through Health Gorilla.In <a href="https://hitconsultant.net/2024/02/21/talkspace-wheel-partner-for-holistic-virtual-healthcare-addressing-mental-physical-needs/">February 2024</a>, Wheel partnered with Talkspace, an online behavioral health company, to improve access to medical and mental health services virtually across the US. Through the partnership, patients were able to easily connect with healthcare providers through Wheel’s platform, and match them with a dedicated therapist through the Talkspace platform.

A new industry proving that digital connectivity and mental health can co-exist.

Digital Wellness

Equinox is a luxury brand of companies that operates hotels, spas, and a fitness club. The fitness club arm offers both in-person workout locations as well as virtual workout options. Equinox’s gyms offer in-person access to curated classes, personal training, and luxurious amenities such as on-site spas, massage parlors, and meditation facilities. Its virtual workout options are accessible via the company’s ‘Equinox+’ app, which provides access to on-demand workouts and classes. The company operates workout locations in the US, Canada, and the UK and sells exercise machines and fitness apparel and equipment via an online store.As of March 2024, the company noted that it had experienced a surge in revenue of 27% in 2023, hit record-breaking member engagement, and operated 107 clubs worldwide.Equinox was acquired by North Castle Partners in December 2020, but it operates independently.Key customers and partnershipsEquinox has secured several brand partnerships that provide its members with access, and, in some instances, discounts on various products. These brands include Thorne, Provenance, Dorsia, Blade, ŌURA, Indagare, Bezel, and StockX.In May 2022, Equinox’s fitness club partnered with Omorpho to offer its apparel in Equinox’s locations across the US and online via its online store.

New insurance models are disrupting a centuries-old industry with a focus on personalization and convenience

InsurTech: Personal Lines

Berlin-based wefox offers digital automobile and home insurance via a mobile app. It also operates a <a href="https://sp-edge.com/updates/18304">global affinity business</a> that connects insurance companies with distribution partners to expand their distribution network and improve sales. The company operated in five European markets as of July 2024 including Austria, Italy, Poland, Netherlands and Switzerland.&nbsp;The company sells its insurance policies via agents, and also partners with associate brokers to sell its policies. As such, wefox offers personalized advice on its insurance policies, which it claims saves up to 5% on users’ current premium. It also guarantees matching or better conditions on insurance, with advisors helping to source suitable coverage if an appropriate wefox policy is unavailable. Through its mobile app, users can access their insurance policy documents, update their personal details, and file and track progress on claims.&nbsp;Additionally, wefox had plans to release its technology stack through the use of APIs that would allow other insurance companies to develop their own insurance products, along with monitoring and claims handling capabilities.In July 2024, the company <a href="https://sp-edge.com/updates/32181">exited the German market</a> as part of its portfolio refocusing strategy. It sold assona GmbH to the Ecclesia Group, and its German insurance brokerage activities to IWV Versicherungsservice AG.In 2023, wefox recorded gross written premiums of EUR 237 million (USD 258 million; up 21% YoY) and a net loss of EUR 36 million (USD 39 million; down 13% YoY).Key customers and partnershipsThe company served nearly 3 million customers as of May 2024, and claimed it offers distribution capabilities to over 300 insurers through 4,000 distribution partners.In June 2022, wefox partnered with <a href="https://sp-edge.com/companies/762246">Akur8</a>, a Paris-based InsurTech that develops AI solutions to automate the insurance pricing process. Through the partnership, wefox planned to leverage Akur8’s proprietary solution that automates risk and demand modeling to improve the pricing of its insurance products.

Long-term demographic changes are finally bringing fertility technologies into focus.

Fertility Tech

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 Natural Cycles offers an at-home fertility test kit, which includes an oral basal thermometer. The app&rsquo;s algorithm predicts ovulation and fertility windows. It is primarily used as a rhythm method contraceptive, and is a US Food and Drug Administration (FDA) and EU certified digital birth control app.
 
 
 The effectiveness of the algorithm relies on the frequency of user added data. The company claims its app offers around 93% efficacy as a birth control. In April 2020, in response to the Covid-19 pandemic, Natural Cycles expanded the app to track Covid-19 symptoms. The company received FDA clearance to integrate third-party wearable devices such as the Oura smart ring into its fertility algorithm to predict ovulation, becoming the world&rsquo;s first wearable birth control in July 2021.
 
 
 Although the company initially used only basal body temperature, in October 2020, the app was made compatible with data generated from wearables and third-party thermometers. Compatibility with wearables allows the app to use the data from the wearable without the user having to manually check their temperature orally and input the data to the app.
 
 
 The company plans to develop its own wearable technology for its FDA-cleared NC app which currently integrates with the third-party wearable technology, Oura Ring. The app is certified as a contraceptive in Europe, Australia, and Singapore.
 
 
 Key customers and partnerships
 
 
 Natural Cycles counted over 2 million registered users globally, as of February 2023.
 
 
 Funding and financials
 
 
 In February 2023, the company 
 <a href="https://sp-edge.com/updates/16373">
 raised USD 7 million
 </a>
 in a funding round led by Samsung Ventures. The funds were utilized to scale its AI/ML efforts, and hardware development, and support the launch of its cycle tracking feature integrated with the Samsung Galaxy Watch5 series across 32 markets. In addition to this, Natural Cycles launched two new Bluetooth thermometers to its existing users.
 
 
 Natural Cycles reported that it reached profitability for the first time in 2022.
 
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Moving industry forward with next-gen advancements in energy storage and transmission

Alternative Energy

TROES (The Revolution of Energy Storage) is a Canadian company that develops IoT-based and AI-powered battery energy storage systems in 100 kWh to 10 MWh+ dimensions for commercial, industrial, and institutional customers. The company uses lithium iron phosphate technology (LiFePO4) in its batteries which come in indoor cabinet, outdoor cabinet and container cabinet forms.TROES also offers an AI powered dual-equilibrium technology that is capable of improving battery life cycle and overall system efficiency of the batteries. Additionally, the company offers a battery management system (BMS) which includes 3-layers of control and 3-layers of operation protection, as well as a remote monitoring system that leverages cloud infrastructure for remote access to TROES energy storage systems.Key customers and partnershipsIn May 2023, TROES partnered with PACS Energy Solutions to integrate TORES energy storage technology into PACS’ power solution. In June 2023, TROES partnered with Day and Night Solar to combine portable EV chargers, foldable solar panels, smart energy storage, and microgrid control to deploy EV charging solutions. The solution will incorporate a 533 kWh TROES BESS, a 50 KW solar array, two Level 2 EV chargers, and a fast DC 100 kW charger—all of which will be mounted on a 53 ft flatbed truck in order to be mobile.Funding and financialsIn <a href="https://sp-edge.com/updates/19484">June 2023</a>, TROES raised USD 1.5 million in funding for a project in partnership with Day and Night Solar, a US-based solar developer.

AI-based solutions for evolving digital threats

Next-gen Cybersecurity

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 Menlo Security offers cloud security products, such as Secure Web Gateways (SWGs) and Cloud Access Security Brokers (CASBs), for enterprises to protect access to their cloud environments. These products act as layers between the user and network traffic, utilizing sandboxing technology to render web pages independently as opposed to loading everything onto user devices, thereby blocking any malicious activity before it reaches enterprise resources. Menlo's offerings include features to assign access controls to enterprise SaaS applications, along with data loss prevention (DLP) capabilities, phishing protection, and download controls.
 
 
 
 
 As of November 2020, the company reported an increase in revenue by 155% year-over-year (YoY) with its average deal value doubling YoY. As of November 2020, the company employed 235 staff.
 
 
 
 
 In November 2020, the company raised USD 100 million in Series E funding at a valuation of USD 800 million. Vista Equity Partners led the round, and the company expects to use the funding to accelerate product development and increase its engineering and marketing capabilities. The company also plans to expand to countries such as Japan, Singapore, and the UK across industries in demand such as financial services, critical infrastructure, healthcare, and government sectors.
 
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Hydrogen Economy

Electric Hydrogen (EH2) develops electrolyzer technologies that split water into hydrogen and oxygen, powered by renewable energy to produce green hydrogen. The company’s patented high-throughput electrolyzer technology as well as its manufacturing, and pilot project deployment are focused on heavy emitters such as the steel production, mining, and agriculture.In May 2023, the company announced the location of its first factory in Devens, Massachusetts, which will have an annual manufacturing capacity of 1.2 GW, with electrolyzer production beginning in Q1 2024.Key customers and partnershipsIn September 2023, EH2 partnered with New Fortress Energy, an energy infrastructure company, to supply EH2’s 100 MW electrolyzer system to NFE’s green hydrogen project in Texas. First hydrogen production is expected in Q4 2024 with full commercial operation in 2025. The site and facility are scalable to 200 MW in the future.In October 2021, Electric Hydrogen signed a three-year agreement with the National Renewable Energy Laboratory (NREL) to develop proton exchange membrane (PEM) electrolysis systems.Funding and financialsElectric Hydrogen’s most recent funding was in <a href="https://sp-edge.com/updates/29354">May 2024</a>, when the company secured USD 100 million in corporate credit financing. The funding was led by HSBC and will be used to support the manufacturing and deployment of its 100 MW electrolyzer plants. Prior to this in <a href="https://sp-edge.com/updates/28230">April 2024</a>, the company secured USD 18.3 million in funding in the form of a transferable tax credit from the Department of Energy to expand production capacity at the company’s gigafactory in Devens, Massachusetts. In <a href="https://sp-edge.com/updates/27615">March 2024</a>, Electric Hydrogen was awarded a USD 46.3 million grant from the Department of Energy to accelerate technology advancements at the gigafactory in Devens, Massachusetts. During the same <a href="https://sp-edge.com/updates/27414">month</a>, the company raised USD 50 million in equipment funding from Trinity Capital to upscale the manufacturing capabilities of its gigafactory in Devens, Massachusetts.Prior to this, in <a href="https://sp-edge.com/updates/25721">October 2023</a>, when the company secured USD 380 million in a Series C funding round led by Fortescue, Fifth Wall, and Energy Impact Partners. Electric Hydrogen intended to use the funds to expedite manufacturing and deployment to meet high customer demand. Prior to this in <a href="https://sp-edge.com/companies/1422455#:~:text=the%20company%20raised-,USD%20198%20million,-in%20a%20Series">June 2022</a>, the company raised USD 198 million in a Series B funding round led by Fifth Wall Climate Tech. The funds were used to scale up the company’s electrolyzer technology and to produce clean hydrogen in large-scale industrial and infrastructure projects. Previously in June 2021, the company raised USD 24 million in a Series A funding round led by Breakthrough Energy Ventures.

Making banking work, without the paperwork

Neobanks

<div>
 
 Lendbuzz offers auto-financing to customers with poor or no credit history or social security number by leveraging its proprietary AI and machine learning platform that incorporates alternative data to determine creditworthiness. Customers can opt for financing directly from its app or through a car dealership with most applications being pre-qualified according to the company. The whole process from application to funding is automated with applications approved within a day if all the information is provided promptly by the customer. In addition, Lendbuzz offers refinancing options for existing car loans. However, it will only approve loans against vehicles with model years from the past nine years and under 120,000 miles; it will not approve loans against vehicles with salvage titles.
 
 
 The company operated in most states except Alabama, Delaware, Hawaii, Idaho, Louisiana, Mississippi, Montana, Nevada, North Dakota, Rhode Island, South Dakota, Vermont, West Virginia, and Washington DC as of November 2022.
 
 
 Funding and financials
 
 
 In October 2023, the company raised USD 345 million in 
 <a href="https://sp-edge.com/updates/22448">
 a funding round
 </a>
 , comprising of USD 45 million in equity and USD 300 million through a forward flow facility. The round was led by Group 1001. It had planned to use the fresh funds for R&amp;D and product innovation. In addition, it secured a USD 100 million 
 <a href="https://sp-edge.com/updates/29124">
 warehouse facility
 </a>
 from Mizuho Americas in May 2024, with the funds earmarked to expand and fund its loan operations.
 
 
 In 2022, the company reported that its revenue improved by 135% YoY, and by over 80% YoY in the 1H 2023, surpassing an annual revenue run rate of USD 200 million.
 
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Technologies bringing about a new reality

Extended Reality

Magic Leap is a producer of AR headsets focused on enterprise applications of AR. The company’s flagship device is the enterprise-focused Magic Leap 2 which was soft-launched in January 2022 and commercialized in October 2022. The company claimed that this was the lightest and most portable device built at the time (weighing 260 grams). In&nbsp;<a href="https://sp-edge.com/updates/31753">July 2024</a>, the company laid off ~75 of its employees, including its entire sales and marketing teams. This came as part of a restructuring initiative aimed at pivoting toward licensing the optical technology that underlies its headset to third parties.Notable features of the Magic Leap 2 include its ‘dynamic dimming’ tech, making AR content more legible across different lighting conditions, a 70° field of view (FOV) and persistent spatial mapping features. The company generates revenue through sales of the device, available in three editions (Base, Developer Pro and Enterprise), priced between USD 3,299–4,999.&nbsp;In 2023, Magic Leap improved its Magic Leap 2 headset with the 1.4.0 update (<a href="https://sp-edge.com/updates/23724">October</a>) enhancing hand-tracking and positional tracking. Earlier, it added OpenXR support (<a href="https://sp-edge.com/updates/18006">April</a>), enabling developers to adapt VR solutions for the headset without additional optimization. The company also developed the Magic Leap 1 (launched in 2018, and set to discontinue functionality for it by end 2024), priced at USD 2,295-2,995.&nbsp;Magic Leap, initially focused on consumer AR, shifted to the enterprise market in October 2020 after failing to gain consumer market share and facing bankruptcy due to Covid-19. The company pursued an acquisition strategy to enhance its tech stack, acquiring Mimesys (holographic teleconferencing, May 2019) and Computes (mesh computing platform, October 2018).Key customers and partnershipsAs of January 2024, the company serves health, manufacturing, oil and gas, transport, defense, and public sectors, providing solutions for government agencies at all levels. It holds over 1,900 patents, covering AR device calibration and virtual object interactivity.Notable recent partnerships include that with1) Google to launch new AR solutions and experiences (<a href="https://sp-edge.com/updates/29875">May 2024</a>)2) Mercedes-Benz to incorporate the Magic Leap 2 AR glasses in the Vision One-Eleven concept car for a configurable, immersive AR interface between the driver and the vehicle (<a href="https://sp-edge.com/updates/20256">July 2023</a>).3) Audi to incorporate the Magic Leap 2 AR headset in the Audi Activesphere concept car for immersive driving experiences (<a href="https://sp-edge.com/updates/17921">April 2023</a>).

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

<div>
 
 ClearMotion develops proactive suspension and road-sensing hardware and software to mitigate vehicle motion across uneven terrain. Its patented flagship product, &ldquo;ClearMotion1&rdquo; (CM1), incorporates high-bandwidth, active suspension technology that can cancel unwanted motion in the car. It is pitched as an alternative chassis for vehicle manufacturers that could replace traditional physical shock absorbers with digital, software-driven adaptive actuators. It also offers &ldquo;Roadmotion,&rdquo; a software that analyzes road surfaces for better chassis control.
 
 
 In September 2023, ClearMotion announced that its intellectual property portfolio had surpassed 500 patents and applications in the field.
 
 
 The company has offices in Boston (US), Birmingham (UK), and Shanghai (China). It also started constructing its first production facility in Changshu, China 
 <a href="https://sp-edge.com/updates/21108">
 in August 2023
 </a>
 (to be operational by Q1 2024).
 
 
 Key customers and partnerships
 
 
 ClearMotion has customers including Volkswagen-owned car brand Porsche 
 <a href="https://sp-edge.com/updates/28326">
 (April 2024),
 </a>
 EV maker NIO (for 3 million units; 
 <a href="https://sp-edge.com/updates/25061">
 December 2023),
 </a>
 and another undisclosed EV manufacturer company (to be rolled out in 2024; 
 <a href="https://sp-edge.com/updates/18795">
 May 2023).
 </a>
 The company also has partnerships with parties including Bridgestone to jointly develop new solutions for the automotive industry (2017), United States Seating Company (USSC) to license out ClearMotion&rsquo;s system (2018), and with BWI Group to supply full-active suspension components and subsystems to an EV manufacturer 
 <a href="https://sp-edge.com/updates/20000">
 (July 2023).
 </a>
 
 
 ClearMotion also acquired Bose Ride, Bose Corporation&rsquo;s active motion control business, in 2017 to complement its product offering. 
 
 
 Funding and financials
 
 
 <a href="https://sp-edge.com/updates/18795">
 In May 2023,
 </a>
 ClearMotion raised USD 32 million in venture capital to commercialize its technology. Previously, the company raised USD 39 million led by NIO Capital&mdash;also to launch the product in 2024, with plans to expand globally.
 
 
 Key competitors: None comparable 
 (ClearMotion is the only startup covered in the Auto Tech hub that develops suspension technology.)
 
 
 
</div>

Platforms, apps, and cards to keep the corporate wallet in check

Business Expense Management

Finexio offers a business payout infrastructure platform for AP and procure-to-pay (AP2P) software providers and enterprises (in the legal, wholesale, education, construction and healthcare sectors) to automate and optimize business payouts. The company also provides working capital solutions through “FinexioCash” and “FinexioOnDemand.” The platform can be used to automate AP by identifying and enabling payables and ultimately settling them through several means (including Finexio-issued payment cards, ACH, and checks). In addition to facilitating payments, the platform provides predictive payment and cash flow analytics, identify verification and fraud prevention, and exception processing automation. In <a href="https://sp-edge.com/updates/32102">June 2024</a>, the firm added Finexio Shield, a fraud protection solution to prevent fraud in its AP prlatform while optimizing supplier payments.The company charges its users a monthly subscription starting at USD 1,000 (includes two users); it increases based on the number of users (USD 150 per additional users) and payment methods used.Finexio’s revenue reportedly rose 236% YoY in 2021, in response to gross dollar value (GDV) rising 211%.Key customers and partnershipsFinexio was reportedly used by three of the top 15 largest AP2P providers in the world, as of September 2022, which, in turn, served around 3,000 enterprises. Moreover, its enterprise customers included Amherst College, Worldwide Produce, Clark Hill, and Morgan &amp; Morgan.In 2022, several AP automation platforms partnered with Finexio to deliver vendor payment solutions to its users, including PairSoft (August), Scrypt (July), and Banc of California (May).

Eliminating financial intermediaries by directly connecting individuals and businesses

P2P Financial Platforms

<div>
 
 Wise (formerly TransferWise) is a financial technology company that provides low-cost international money transfers and multi-currency accounts for individuals and businesses. Founded in 2011 and based in London, Wise operates a peer-to-peer network that allows customers to transfer money across borders without the high fees and markups charged by traditional banks.
 
 
 
 
 Wise's core offering is a money transfer service that leverages the mid-market exchange rate and charges transparent, upfront fees rather than hiding markups in exchange rates. It supports transfers to over 160 countries across 50+ currencies. For personal users, transfers up to around USD 5,000 tend to be most cost-effective through Wise.
 
 
 
 
 In addition to money transfers, Wise provides multi-currency accounts that allow customers to hold, convert between, spend, and receive over 40 currencies. Users can get local bank details in 10 major currencies like USD, GBP, and EUR to receive money like a local. The Wise debit card enables spending in over 170 countries at the mid-market rate.
 
 
 
 
 Wise is regulated by financial authorities in the countries where it operates, including FinCEN in the US It has over 16 million customers and processed USD 11 billion in cross-border transactions per month as of 2024. Key features include low transparent pricing, fast transfers (50%+ instant, 90% within 24 hours), and user-friendly web/mobile interfaces.
 
</div>

Empowering the digital revolution in retail

Digital Retail Enhancement Platforms

Contentsquare is a leading digital experience analytics platform that enables businesses to understand and optimize the user experience across web, mobile, and app platforms. Its AI-powered platform provides rich and contextual insights into customer behaviors, feelings, and intent at every touchpoint in their journey. Contentsquare's technology records user interactions and translates them into recommendations aimed at helping companies improve revenue, user conversion, engagement, and overall customer experience.
The platform analyzes over 3,200 billion customer interactions monthly on websites that process USD 2.5 billion in transactions daily. It scrutinizes various consumer interactions such as mouse movements, scrolling, content attractiveness, merchandising engagement, hesitation, friction, and frustrations, and calculates their impact on revenue and customers. Contentsquare's solutions encompass digital experience analytics, product analytics, digital experience monitoring, and voice of the customer capabilities.
In June 2024, Contentsquare announced its new Experience Intelligence platform, which integrated four previously-siloed analytics domains - digital experience analytics, digital experience monitoring, product analytics, and voice of the customer. This platform allows teams to connect separate data sources for a complete understanding of customers and their journeys. Contentsquare has also embedded AI throughout its platform to streamline analysis and provide smarter insights.
Contentsquare has accelerated innovation in recent years, following its USD 600 million Series F funding in 2022. It has made several strategic acquisitions, including Heap in 2023 and Hotjar in 2021, to enhance its product offerings. As of June 2024, Contentsquare has over 580 people working in product and R&D.
Key customers and partnerships
Contentsquare's customer base includes over 1,000 leading brands across various industries, such as ecommerce, B2B, finance, travel, and telecommunications. Notable customers include BMW, Giorgio Armani, Samsung, Sephora, Virgin Atlantic, OLLY, Verizon, and ASICS.
As of June 2024, over 1.3 million websites worldwide utilize Contentsquare's insights to optimize the customer experience.

Riding together toward a sustainable future

Shared Mobility

BlaBlaCar is an online marketplace connecting drivers with empty seats to passengers seeking shared mobility solutions for long-distance travel. The company operates a community-based platform that facilitates carpooling by matching drivers and passengers heading in the same direction. BlaBlaCar's technology enables users to share the cost of journeys, making travel more affordable while promoting sustainable transportation practices.
As of March 2024, BlaBlaCar served over 27 million active members annually across 21 countries. In 2023, the platform enabled 104 million trusted connections, facilitated 2.4 million meeting points worldwide, and contributed to avoiding 2 million tonnes of CO2 emissions. Drivers using BlaBlaCar collectively saved EUR 513 million on travel costs last year.
In addition to its core carpooling service, BlaBlaCar has expanded its offerings to include bus ticketing services, leveraging partnerships with over 5,000 bus operators. The company aims to establish itself as a comprehensive marketplace for shared travel solutions.

Cryptocurrencies

Partior is a Singapore-based blockchain technology company focused on transforming global financial market infrastructure. It is developing a decentralized, programmable, and 24x7 platform that aims to make cross-border movement of liquidity more seamless, secure, and scalable. Partior's global unified ledger and atomic settlement capabilities are designed to address inefficiencies experienced by financial institutions, including settlement delays, limited transaction transparency, and high operating costs.
Partior's platform interoperates with both digital and non-digital asset and currency networks, providing real-time, cross-border multi-currency payments, Payment vs.. Payment (PvP), Delivery vs.. Payment (DvP) settlements, and trade finance functions. The company facilitates atomic clearing and settlement over a unified ledger, eliminating the need for manual reconciliation while ensuring full value transfer and real-time visibility of transaction status.
Partior's technology is intended to complement and interoperate with real-time local currency payment and real-time gross settlement (RTGS) systems globally, enabling both direct and indirect settlement flows. The shared ledger enables instant liquidity transfers with real-time settlement finality and transparency, addressing challenges faced by institutions operating globally and relying on traditional cross-border payments infrastructure.
Key customers and partnerships
In November 2022, Standard Chartered invested in Partior and became a founding shareholder, serving as the first Euro settlement bank for the platform. This partnership strengthened Partior's international reach and capabilities, enabling the expansion of its currency offerings beyond the initial slate of eight global currencies by 2023.
In May 2023, Deutsche Bank and SMBC joined Partior's network, further expanding its global footprint and partnerships with leading financial institutions.
Partior is actively engaged with central banks, including the central banks of Singapore, Malaysia, Australia, and South Africa, as well as the Bank for International Settlements (BIS) Innovation Hub, to explore the integration of central bank digital currencies (CBDCs) into its platform.

Managing employee health-related benefits

Health Benefits Platforms

<div>
 
 Benefitfocus provides cloud-based software solutions for healthcare and benefits administration. Founded in 2000, it aimed to transform benefits management from paper-based processes to intuitive, web-based workflows with the launch of the Benefitfocus eEnrollment portal. Over the years, the company expanded its offerings to include a wide range of solutions such as direct billing and payment solutions, data and analytics solutions, compliance solutions, employee engagement solutions, consumer health accounts, and voluntary benefits and health plan solutions. The solutions adopt an AI-driven approach for decision support, communication, and insights and also use data analytics to guide users at every life stage toward an appropriate protection and benefits strategy. In addition to these core areas, Benefitfocus hosts a comprehensive benefit catalog. This curated catalog integrates health, wealth, property, lifestyle, and voluntary benefits solutions into the employee enrollment experience.&nbsp;
 
 
 In November 2021, Benefitfocus acquired Tango Health, a software and services firm specializing in Affordable Care Act (ACA) compliance and benefit decision support. Post-acquisition, Benefitfocus aimed to incorporate Tango Health's top-of-the-line ACA compliance and reporting solution into its own offerings, enhancing overall product capabilities. The company also intended to leverage Tango Health's employee engagement tools to facilitate more informed benefit decisions, potentially lowering costs for both employers and employees.&nbsp;
 
 
 In January 2023, Benefitfocus was acquired by Voya Financial. The transaction was valued at approximately USD 570 million. After the acquisition, Benefitfocus continued to operate as an independent entity.
 
 
 Key customers and partnerships
 
 
 Benefitfocus serves a wide range of clients across various sectors, including employers, insurance carriers, brokers, and a significant number of consumers. As of March 2024, over 40 leading health plans were using its technology solutions.
 
 
 In October 2023, Benefitfocus partnered with Ushur, an AI-customer experience automation firm. Ushur expected to leverage AI automation to enhance digital contact experiences and expedite issue resolution, with Benefitfocus applying this technology to simplify their benefits administration and facilitate user involvement. The integration aimed to assist users in reacting efficiently through digital self-service channels, offering a revolutionized approach to engaging with health care.
 
 
 Funding and financials
 
 
 Benefitfocus went public in September 2013. The company priced its IPO at USD 26.5 per share, raising approximately USD 70.6 million after expenses. However, following the acquisition of the company by Voya Financial, the company was delisted in January 2023.
 
 
 In 2021, Benefitfocus reported a total revenue of USD 263.1 million, a 2% decrease compared with 2020. Software services revenue was USD 218.3 million, a 2% increase from the previous year. The company's subscription revenue decreased 1% to USD 178.8 million, while platform revenue grew 13% to USD 39.6 million. Professional services revenue saw a 16% decrease to USD 44.8 million. The GAAP net loss for the year was USD 32.2 million.
 
 
 
</div>

AI, robotics, and IoT to streamline the flow of goods and information

Logistics Tech

Cart.com provides unified commerce and logistics solutions for retail and ecommerce needs, including storefront creation, customer engagement, growth marketing, channel management, fulfillment, unified analytics, inventory and order management (via <a href="https://sp-edge.com/updates/26820">Constellation OMS)</a>, warehouse and and transport management (via <a href="https://sp-edge.com/updates/31921">Constellation WMS and TMS).</a> The company pitches its products toward B2B companies, consumer brands, and public sector agencies. It operated ~14 omnichannel facilities across the US, as of April 2024, with offices in the US, Mexico, and Poland.The company’s pricing strategy differs based on the product offering. For example, online storefront services are offered for a base subscription and a percentage of sales, while fulfillment services are charged on a per-order basis.The company has made several acquisitions to expand its capabilities and market reach including 1) Amify, an Amazon optimization and advertising solutions provider <a href="https://sp-edge.com/updates/28162">(April 2024),</a> DataFeedWatch, a data-feed management solution provider <a href="https://cart.com/newsroom/cart-com-acquires-datafeedwatch-expands-to-europe-and-increases-brand-access-to-2000-channels">(March 2022);</a> 2) SellerActive, a provider of SaaS multichannel ecommerce tools <a href="https://cart.com/newsroom/cart-com-acquires-selleractive-bolstering-multichannel-ecommerce-software-capabilities">(January 2022);</a> 3) FB Flurry, a technology-driven fulfillment and customer care operator for direct-to-consumer (DTC) brands <a href="https://www.prnewswire.com/news-releases/cartcom-acquires-fb-flurry-tripling-fulfillment-footprint-and-enabling-next-day-delivery--to-majority-of-us-301457300.html">(January 2022);</a> 4) 180Commerce, an online sales partner <a href="https://cart.com/newsroom/cart-com-acquires-180commerce-to-fuel-marketplace-growth-for-sellers">(November 2021);</a> 5) Sauceda Industries, a fulfillment services provider for ecommerce brands <a href="https://www.prnewswire.com/news-releases/cartcom-acquires-sauceda-industries-to-provide-full-service-3pl-support-for-ecommerce-brands-301342299.html">(July 2021);</a> 6) DuMont Project, an omnichannel growth marketing consultancy firm <a href="https://cart.com/newsroom/cart-com-acquires-leading-digital-consultancy-dumont-project-to-accelerate-dtc-growth-marketing">(July 2021);</a> 7) Cheap Cheap Moving Boxes, a DTC moving box brand <a href="https://www.businesswire.com/news/home/20210203005315/en/Cart.com-Acquires-Cheap-Cheap-Moving-Boxes">(February 2021);</a> and 8) AmeriCommerce, an enterprise ecommerce storefront software platform <a href="https://cart.com/newsroom/new-player-in-the-ecommerce-space-completes-acquisitions-of-americommerce-other-strategic-assets-to-build-out-ecommerce-ecosystem">(January 2021).</a>As of January 2024, Cart.com handled more than USD 8 billion in gross merchandise value and witnessed a 50% YoY business growth in 2023.Key customers and partnershipsAs of July 2024, Cart.com provided services to over 6,000 multichannel merchants, including <a href="https://sp-edge.com/updates/32156">City Chic,</a> <a href="https://sp-edge.com/updates/31338">Represent,</a> <a href="https://sp-edge.com/updates/29285">ModCloth,</a> Janie and Jack, Adidas, Guess, Swarovski, Under Armour, Pandora, Toms, Portland Leather, ADM, Pacsun, and Luminess.

Travel Tech

Paris-based BlaBlaCar operates a carpooling service that matches drivers with excess seating to passengers in need of a ride, typically over a distance of 300 km (~186 miles). Riders can search for their desired trip and pay the driver in cash once the ride is complete, while drivers receive bookings by posting their journey details, vehicle information, and the per-rider cost. The per-ride cost is capped by BlaBlaCar on the trip cost to prevent car owners from making a profit. It also offers a carpooling marketplace for daily commutes between users’ homes and workplaces, called BlaBlaLines.BlaBlaCar generates revenue through transaction fees, equaling 10–12% of the total ride cost. BlaBlaCar claims to be the world's leading community-based travel network, with more than 104 million members across 21 countries (September 2024).BlaBlaCar has made more than 10 acquisitions to bolster its carpooling offering, with the most notable acquisitions including that of French carpooling providers, Carpooling.com (2015) and Less (April 2018), and Russian provider, BeepCar (August 2018). BlaBlaCar ventured into bus rides by launching BlaBlaBus following the acquisition of Ouibus, the bus division of France’s national railway company, SNCF, in November 2018. Other acquisitions include bus-ticketing platforms, Octobus (April 2021) and Busfor (September 2019).Key customers and partnershipsIn September 2021, BlaBlaCar teamed up with Swiss Re and L'olivier Assurance, a French motor insurance expert under Admiral Group, to launch BlaBlaCar Coach, which is a smartphone app that provides drivers with customized guidance and advice for safer driving and comes with an annual car insurance policy. Other partners include French multinational insurance company, AXA, and scooter startup, Voi.

Technology to customize and procure furniture

Furniture Tech

Floyd is a Detroit-based furniture company founded in 2013 by Kyle Hoff and Alex O'Dell with the mission to create well-designed, sustainable furniture built to last. Their first product, the Floyd Leg, allowed customers to convert any flat surface into a table top. They have since expanded their offerings to include modular sofas, sectionals, beds, bookcases and other home furnishings.
Floyd's products feature a simple and sleek design aesthetic inspired by mid-century modern style. Their furniture is engineered for durability and easy assembly, disassembly and portability when moving. For example, the sofa features an innovative hex bolt system that allows the backrest and platform to attach seamlessly to the frame.
All Floyd furniture is made-to-order using premium materials like birch plywood, powder-coated steel and stain-resistant performance fabrics. The brand prioritizes regional sourcing and manufacturing across facilities in the Midwest and East Coast to minimize environmental impact. In December 2022, they launched a secondhand marketplace program to further their sustainability efforts.
Floyd's sofa line includes the two and three-seater Sofa model (starting at USD 2,120) which can be customized with add-on chaise sections. They also offer the Squishy Chair armchair and recently launched their first fully modular sectional called The Sectional (from USD 2,120 for a two-seater). All sofa orders are backed by a 10-year warranty and 30-day free return policy.

Bringing the benefits of blockchain to the enterprise

Enterprise Blockchain Solutions

ConsenSys offers a suite of blockchain solutions that include 1) Diligence (smart contracts) 2) Infura (provides API access to the web 3) MetaMask (a Web3 mobile wallet) 4) Quorum (blockchain for business), and 5) Truffle (developer tools and testing). These solutions make it easier for businesses and developers to build blockchain-based solutions functioning on the Ethereum network.Consensys Quorum is an open-source blockchain platform that is designed for enterprise environments. It was initially developed by J.P. Morgan and later acquired by ConsenSys. Quorum is built upon Ethereum, inheriting its architecture and smart contract functionality, additionally including enhancements specific for enterprise use. Notably, Quorum supports private and permissioned blockchain networks. Quorum also introduces private transactions and private contracts that are not visible to the entire network but only to the parties involved.ConsenSys’ product suite also includes Decentralized Finance (DeFi) solutions for institutions and crypto enterprises, support for customers to build their own DeFi application, and support in running staking operations for customers. Furthermore, the company offers support for the creation and management of NFTs and digital collectibles using the ConsenSys NFT solution and powering decentralized autonomous organizations (DAOs) across various uses such as customer care and education.Key customers and partnershipsThe company had over 2,000 global clients and partners as of May 2023, with its key client base including Microsoft, Ernst &amp; Young, and Proctor &amp; Gamble.ConsenSys has aggressively pursued collaborations and partnerships to support the adoption of its product suite for various uses. This includes a launch of a marketplace for institutional staking in March 2023, in partnership with Allnodes, Blockdaemon, and Kiln, built upon the MetaMask wallet. Another example is the launch of Sports Illustrated Tickets (SI Tickets) in May 2023, in partnership with Sports Illustrated and built by ConsenSys as a self-service ticketing and event management solution. Amazon Web Services is also a key product partner, specifically supporting ConsenSys’ Ethereum-based solutions.Funding and financialsIn March 2022, ConsenSys raised USD 450 million in Series D funding at a valuation of over USD 7 billion. The round was led by ParaFi Capital and supported by new investors such as Temasek and Softbank. The funds were to be primarily used for the expansion of MetaMask, including a re-design and planned rollout of support for extensions. Additionally, the funds were aimed at supporting the global customer growth of the Infura development suite.

AI-based solutions to level the playing field against email threats

Next-gen Email Security

Menlo Security provides cloud-based security solutions centered around its patented Isolation Core technology. This technology creates an "air gap" between users and the internet, isolating the browsing process in the cloud to protect against web-based threats like phishing, drive-by exploits, and zero-day attacks. The company's Cloud Security Platform leverages this Isolation Core to enable secure internet access and browsing without compromising user experience.
Menlo Security's solutions aim to eliminate malware infections, including ransomware, by moving the fetch and execute functions of web browsing away from users' devices and networks. Only safe, non-executable content is rendered on users' devices, providing a seamless browsing experience while mitigating risks. The platform is designed to help organizations embrace cloud transformations securely without sacrificing data visibility, control, or user experience.
In March 2019, Menlo Security partnered with By Light to deliver a cloud-based internet isolation (CBII) solution for the Defense Information Systems Agency (DISA), protecting over 3.5 million users worldwide across the US Department of Defense and its branches. This solution leverages Menlo's Cloud Platform and Isolation Core to secure internet access for defense officials deployed globally.
In January 2023, Menlo Security's Cloud Security Platform powered by its Isolation Core received Authorization to Operate (ATO) at the moderate level under the Federal Risk and Authorization Management Program (FedRAMP). The company also announced the detection of "Highly Evasive Adaptive Threats" (HEAT) that bypass traditional security defenses, highlighting the need for its Zero Trust approach.
Additionally, Menlo Security acquired an undisclosed company in February 2023, expanding its capabilities to address the evolving threat landscape.

Platforms to make the most of cloud infrastructure

Cloud Optimization Tools

Harness is a cloud-based end-to-end software delivery platform that provides cloud cost management (CCM), among other modules.Harness CCM offers a holistic set of features to facilitate cost optimization of the development pipeline. It provides a single customizable dashboard to unify data and insights across multiple departments and cloud vendors. Further, it delivers automated anomaly detection and resource allocation to optimize continuous delivery (CD) workflows and allows for seamless integration with existing monitoring tools for an overview of cloud spend.In <a href="http://v">January 2024</a>, Harness acquired Armory, a continuous delivery platform company, for USD 7 million, with plans to integrate some of Armory’s technology into its products. Furthermore, in <a href="https://sp-edge.com/updates/29964">May 2024</a>, it acquired Split Software, a company specializing in feature management and experimentation, for an undisclosed sum. Harness aimed to integrate Split's feature management and experimentation capabilities into its software delivery platform to offer a comprehensively integrated solution that allows software teams to build, deploy, test, and refine software features efficiently and effectively.Harness operates a consumption-based sales model with pricing based on the annual cloud spend.Key customers and partnershipsHarness CCM’s clientele ranges from individuals to large-scale enterprises across various industries, including healthcare, IT, finance, service, and SaaS. Notable customers include Synopsys, Relativity, Discover Dollar, and Carvana.Harness collaborates with many industry leaders to ensure wide service provision and integrations with various tools and platforms. Some of its key technology partners are HashiCorp, Benchmark, and Insight.

Targeting complex diseases with complex molecules

Large-molecule Therapeutics

Silver Creek Pharmaceuticals is a clinical-stage biotechnology company based in San Francisco, California. Their lead investigational therapy is scp776, a first-in-class, targeted fusion protein that harnesses the cell survival function of insulin-like growth factor one (IGF-1). Scp776 is designed to inhibit apoptosis (cell death) in damaged tissues, including hypoxia in brain tissue.
The company is currently evaluating scp776 in ARPEGGIO, a Phase 2 randomized, placebo-controlled, double-blind, multicenter clinical trial. ARPEGGIO aims to assess the safety and neuroprotective capacity of scp776 in acute ischemic stroke patients undergoing endovascular thrombectomy. The trial consists of two parts: sequential dose escalation (Part A) followed by dose expansion (Part B), with plans to enroll up to 100 individuals across approximately 20 stroke centers in the US as of February 2023.
Scp776 leverages Silver Creek's proprietary Smart Growth Factor platform technology, which enables the rapid development of targeted therapeutics with broad applicability across indications. The company presented preclinical data demonstrating the efficacy of scp776 in a model of acute ischemic stroke at the American Heart Association's International Stroke Conference in February 2023.
In February 2024, Silver Creek appointed Dr. Mark Corrigan as President, bringing over three decades of life sciences leadership and drug development experience to the company. Dr. Corrigan previously served in executive roles at companies like Tremeau Pharmaceuticals, Correvio Pharma Corp, and Sepracor.

A decentralized version of the web powered by the blockchain

Web3 Ecosystem

ConsenSys is a blockchain infrastructure company that provides services such as node management, development and testing environments, Web3 transition tools, and wallets for users to access and interact with dApps. As of March 2022, ConsenSys had roughly 700 staff and planned to expand to over 1,000 by the end of 2022.The company offers node-as-a-service through Infura, allowing developers to create dApps and connect to layer-1 blockchains such as Ethereum, NEAR, and Avalanche through APIs using HTTPs and WebSockets. It also allows developers to store data in decentralized and scalable storage on the InterPlanetary File System (IPFS) through APIs. Developers can also use ConsenSys’ Diligence service to audit its smart contracts to ensure the dApps are secure and ready for launch.Through its Codefi service, Consensus helps businesses transition to Web3, allowing them to digitize financial instruments and other assets, launch decentralized networks, and deploy production-ready blockchain solutions.It also offers an Ethereum-focused layer-2 network, Linea, which comprises of zkEVM rollups that enable developers to create blockchain applications with faster transaction times and reduced costs. The network includes notable features such as a new outer-proof system, a dynamic fee mechanism, and batch conflation, which enable it to deliver transaction costs up to 15x lower than Ethereum's base layer.ConsenSys also developed MetaMask, a non-custodial Ethereum wallet accessible through a mobile app and browser extension. Users can use the wallet to purchase cryptocurrencies (ETH and ERC-20 tokens), trade and store digital assets and NFTs, and engage with dApps on any Ethereum-based network. Additionally, the <a href="https://sp-edge.com/updates/31329">MetaMask Delegation Toolkit allows developers to onboard users to their dApps easily</a>. It contains three main components: 1) instant user onboarding without the need for traditional wallets or seed phrases; 2) elimination of user friction by removing pop-ups and constant confirmations when switching between dApps and wallets; and 3) control over gas payment options such as gasless transactions or reassigning gas costs.The company acquired Quorum, an enterprise variant of the Ethereum blockchain platform, from JP Morgan in August 2020. It also <a href="https://sp-edge.com/updates/22739">acquired Special Mechanisms Group</a> (SMG), a research and development company focusing on blockchain microstructure, in October 2023. SMG will become a division of ConsenSys and continue to operate as SMG. Through the acquisition, ConsenSys aimed to enhance its capabilities in mechanism design, allowing it to deliver better solutions for decentralized systems.Key customers and partnershipsAs of February 2024, the wallet had over 30 million monthly active users.ConsenSys <a href="https://sp-edge.com/updates/14846">partnered with DeFi focused layer-1 blockchain Celo</a> in November 2022, to allow the latter’s developers to build on Celo using Infura. Developers will be able to use Infura’s nodes to connect to the Celo blockchain to deploy dApps and also benefit from Truffle and Diligence, its smart contract development tools and audit service.Furthermore, the company launched the <a href="https://sp-edge.com/updates/24058">Decentralized Infura Network</a> (DIN) to enhance Infura network's decentralization, thereby improving the reliability of Web3 services that use it. BigTech companies such as Microsoft and Tencent are part of the DIN.

Optimizing the future of energy with software solutions

Energy Optimization & Management Software

Enervee is a company that provides an ecommerce platform for energy-efficient appliances and consumer electronics. The company's core offering is a marketplace that allows utility customers to explore and purchase energy-saving products. Enervee's platform features a unique 0-100 Enervee Score for each product, indicating its energy efficiency compared to others in the same category. The marketplace also provides personalized estimates of energy bill savings and total cost of ownership for each device over its lifetime.
The company's technology integrates manufacturers, retailers, and product review sites, linking them digitally to utility offers. Enervee's platform enables utilities to deliver personalized offers to customers before, during, and after purchases. As of April 2022, Enervee had partnered with 20 of the largest utilities in the US, serving over 40 million customers across states including California, Illinois, Michigan, Pennsylvania, and Washington.
In 2019, Enervee introduced two key features: Reward Fast Track and Enervee Checkout. Reward Fast Track allows customers to claim utility incentives in a single step, while Enervee Checkout enables instant online discounts for energy-saving products. These features aim to streamline the process of obtaining rebates and incentives for energy-efficient purchases.
In May 2022, Enervee launched its Eco Financing product, offering microloans of up to USD 5,000 for energy-efficient appliance purchases. This program aims to make energy-efficient products more accessible to a broader range of consumers, including those with lower credit scores. The company raised USD 35 million in April 2022, consisting of USD 30 million in equity investment from Kerogen Capital and USD 5 million in debt financing commitment from J.P. Morgan.
Key customers and partnerships
Enervee's key customers include major utility companies across the US. Notable partnerships include Pacific Gas and Electric Company (PG&E) and Southern California Edison (SCE). The company also partnered with Southern California Gas and the state of California to launch its Eco Financing product in 2022. Additionally, Enervee has expanded its Eco Financing program to utilities such as AEP Ohio and the Tennessee Valley Authority.

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

Lightning AI offers an LLMOps platform for customers to pre-train, fine-tune, and deploy LLMs in preferred cloud environments and host AI apps on private or on-premises infrastructure.Notably Lightning AI is the creator of PyTorch Lightning, a framework for training and finetuning AI models.The company offers tools to streamline AI development, including dataset creation, parallelized tasks, optimized training, and remote dataset access. Key features include fault-tolerant streaming, persistent cloud-based coding environments, and seamless GPU integration.&nbsp;In 2023, the company launched LitGPT, a suite of 20+ high-performance LLMs with tools for pre-training, fine-tuning, and deployment. In 2024, Lightning AI introduced Thunder, a compiler to accelerate PyTorch models, and LitServe, a high-speed AI model serving engine. Lightning started as a private research library for generative adversarial networks (GANs) and variational autoencoders (VAEs), initially using Theano (2015) and later, TensorFlow. In 2017, it was restructured for PyTorch and renamed to “PyTorch Lightning.”Key customers and partnershipsAs of November 2024, the company had over 200,000 users of its platform. Notable clients included Google, Cisco, and Lexset.&nbsp;In&nbsp;<a href="https://www.businesswire.com/news/home/20240221721811/en/Lightning-AI-Signs-Strategic-Collaboration-Agreement-with-AWS-to-Offer-Enterprises-Optimized-Performance-for-Building-and-Deploying-AI-Products">February 2024</a>, the company partnered with AWS to leverage its compute services and power GenAI services. In&nbsp;<a href="https://www.globenewswire.com/news-release/2022/09/20/2519587/0/en/Lightning-AI-Releases-Cloud-App-Built-on-NVIDIA-Omniverse-to-Generate-3D-Synthetic-Data.html">September 2022</a>, the company partnered with NVIDIA to develop Thunder, a source-to-source compiler designed to optimize training and serving of GenAI models across multiple GPUs.

Ottimo Pharma focuses on creating pioneering cancer treatments for solid tumors, specifically through its lead program, Jankistomig, a bi-functional antibody targeting immune checkpoints and angiogenesis. The company aims to enhance treatment outcomes and alleviate healthcare burdens by advancing this dual-pathway approach.

Apex Clean Energy is an independent renewable energy company. Apex has become one of the fastest-growing companies in the industry. In December 2012, Apex completed the development and construction of the 300 MW Canadian Hills Wind project outside Oklahoma City. The company has a diversified portfolio of wind energy facilities in development around the country and owns several operating solar PV assets.  The company’s management team comprises experts from throughout the industry whose collective prior experience includes the development, financing, construction, and operation of over $10 billion in wind and solar energy facilities now operating in the United States.

Wire 3 is a telecommunications company that offers consumers quick, high-bandwidth data connections. The company was founded in 2021 and is based in Rochester, New York.

Nature’s Toolbox is a biotechnology company that provides a proprietary host-independent biological manufacturing and development platform. The potential of the technology extends beyond vaccines to potentially reach protein-based therapies used to fight cancer and autoimmune disorders. The company was founded in 2015 and headquartered in New Mexico, United States.

From the creators of the popular framework PyTorch Lightning, Lightning AI enables developers to do two key things: 1) build state-of-the art AI models for high-performance AI research, 2) build Lightning Apps which are end-to-end ML systems which are multi-cloud, fault tolerant and more. In October 2020, Grid.ai raised $18.6 million Series A funding led by Index Ventures with participation from Bain Capital Ventures, and Firstminute.

Sunbit provides a pay-over-time technology that enables users to finance everyday needs by breaking down payments into manageable installments. This service is designed for convenience and reduces the financial stress associated with larger purchases. unbit has mobile applications available on both the App Store and Google Play, allowing users to access their services conveniently from their smartphones. Sunbit aims to improve financial accessibility by approving a majority of applicants, making their services widely available to help users manage their financial commitments effectively.

Tanger Med Port Authority focuses its missions on the management and development of infrastructure, the coordination and animation of the port community and guarantees the reliability and performance of the services provided. to customers of the port platform. They perform construction and maintenance of the port infrastructure. The organization and regulation of relations and exchanges between the actors of the port community. Tanger Med complex are entrusted to private operators of national and international renown who, within the framework of concession contracts, invest in the port's superstructures and equipment and provide services that meet international quality, safety and security standards.

Community Fibre is rolling-out an ultra-fast pure fiber-optic communications network across London. Community Fibre is selling fast broadband services to residents and small and medium organizations using their Community Fibre and CFL Business brands. CFL Business is a registered supplier on the UK Government’s Broadband Connection voucher scheme which enables Community Fibre to supply small and medium businesses within London a super-fast broadband connection for free.

La Doria is a producer and sells tomato derivatives, ready sauces, preserved legumes, fruit juices, and beverage products. They offer products that include boiled legumes, baked beans, red kidney beans, carrots, ready-made soups and stews, and canned pasta in tomato sauce.

BrightNight provides renewable power solutions for utility, commercial, and industrial customers.  BrightNight partners with clients throughout the U.S. to design, develop, and manage large-scale renewable energy projects that are safe and reliable. These projects are optimized to address the intermittent nature of renewable energy sources. By engaging deeply with clients and leveraging a team of experienced power experts, BrightNight delivers industry-leading solutions that help clients meet and exceed stringent energy sustainability standards, adapt to rapidly changing grid dynamics, and transition away from fossil fuel-based energy generation.

Fresha is an innovative online booking and management platform designed for beauty, wellness, and fitness businesses. They offer services for streamlined appointment scheduling, client management, and payment processing. They provides discover, book and pay for beauty and wellness appointments with local businesses via its marketplace, while beauty and wellness businesses and professionals use an platform.

Grafana Labs provides an open and composable monitoring and observability stack built around Grafana, the open-source technology for dashboards and visualization. There are more than 3,000 Grafana Labs customers, including Bloomberg, Citigroup, Dell Technologies, Salesforce, and TomTom, and more than 20 million Grafana users around the world. Grafana Labs helps companies manage their observability strategies with the LGTM Stack, which can be run fully managed with Grafana Cloud or self-managed with the Grafana Enterprise offerings, both featuring scalable metrics Grafana Mimir, logs Grafana Loki and traces Grafana Tempo as well as extensive enterprise data source plugins, dashboard management, alerting, reporting, and security. Grafana Labs is backed by leading investors Lightspeed Venture Partners, Lead Edge Capital, GIC, Sequoia Capital, Coatue, and J.P. Morgan.

Embraer SA is a Brazil-based holding company primarily engaged in the manufacture of aircraft. The company’s business activities are divided into three business segments: Commercial Aviation; Defense and Security Business, and Executive Aviation. The Commercial Aviation segment is involved in the development, production, and sale of commercial jets, as well as in the provision of support services, with emphasis on the regional aviation industry and aircraft leasing. The Defense and Security Business segment mainly includes the research, development, production and modification of defense aircrafts as well systems and software design. Through the Executive Aviation segment, the company is active in the development, production, and sale of business jets, the provision of support services related to this sector of the market, and aircraft leasing.

Navi Finserv provide access to financial services to the rural poor in India.

Slope is a financial platform developer which offers a variety of payment alternatives while being paid promptly. The platform of the company provides clients with options and manages loans, underwriting, debt collection, and payout once the goods or service have been shipped, allowing businesses to pay in installments at checkout.

Partior platform uses blockchain and distributed ledger technology to make digital payments more efficient, reliable, and secure for financial institutions. The platform offers real-time, cross-border, multi-currency payments and settlements, enhancing transparency, speed, and availability. By eliminating manual reconciliation and pre-funding of nostro accounts, it helps financial institutions unlock capital and reduce operational inefficiencies.

LiveOak Fiber is a connectivity provider on a mission to build a modern digital infrastructure that improves quality of life and drives economic growth in traditionally underserved areas. The company is constructing a fiber-optic network to deliver high-speed, transparent, and customer-centric internet services to homes and businesses. LiveOak Fiber specializes in delivering high-speed internet services through fiber-optic cables, offering faster and more reliable connections than traditional broadband. The company is dedicated to serving communities often overlooked by larger internet service providers, ensuring these areas have access to modern, high-speed internet. With a strong focus on scalability, LiveOak Fiber provides adaptable internet solutions that cater to the varying bandwidth needs of both residential and business customers.

Exsilio's method is based on naturally occurring genetic elements that can accurately insert new genes into cells via RNA intermediate templates. Exsilio employs predictive in-silico modeling and wet lab-based experiments to create such elements for accurate insertion of therapeutic genes into safe harbor regions of disease-relevant cells.

Semperis is an enterprise identity protection company that enables organizations to quickly recover from accidental or malicious changes and disasters that compromise Active Directory, on-premises, and on-cloud. The Semperis directory services protection platform provides enterprises with the capabilities to automatically restore an entire Active Directory forest, quickly recover thousands of objects or a single crucial attribute, and instantly revert to a previous Active Directory state. Semperis was founded in 2014 and is headquartered in Hoboken, New Jersey. Its customers include Fortune 500 companies and enterprises spanning financial, healthcare, government, and other industries worldwide.

El Corte Inglés is a business group with more than 80 years of history, upholding the same values as always. Our steadfast principles of ethical and responsible conduct  allow us to evolve towards an omnichannel model more aligned with digitalisation, diversification and sustainability. This has meant a progress in the transformation of El Corte Inglés from a retailer to a unique ecosystem. Without ever taking our eyes off the product and service quality, expertise, curated selections, guarantees and innovation we offer with the ultimate goal of making people's lives easier.

Eurohold maintains its finances, gives shareholders enough of a return to support the expansion of its subsidiaries, enhances customer satisfaction, creates the conditions for ongoing improvements in the synergies between its subsidiary businesses, and maintains its relationships with its customers, staff, and shareholders.

Natural Cycles offers a contraceptive app, spearheading digital contraception, a new category in female reproductive health. Users measure their basal body temperature in the morning and the app computes the temperature (and other relevant data like levels of luteinizing hormone) through an algorithm to calculate whether they are fertile or not. Natural Cycles’ subscription product relies on an algorithmic method to predict which days women are fertile during their monthly cycle — with an in-app color-coded calendar informing users if they could have unprotected sex on a given day or not. Women using the app are required to measure and input their body temperature daily using a basal thermometer. Natural Cycles relies on this and other individual data inputs to algorithmically calculate the probability of the user being fertile on each day in her cycle.

Electric Hydrogen (EH2) is a deep decarbonization company building low-cost, high-efficiency, fossil-free hydrogen systems. Industrial sectors like ammonia and steel production account for a third of global GHGs and will require fossil-free hydrogen at cost parity to eliminate CO2 emissions. Electric Hydrogen is rethinking electrolysis from the ground up to compete with dirty hydrogen on cost and scale. The company's technology brings hydrogen solutions to industry, infrastructure, freight and beyond. The experience of Electric Hydrogen's leadership team at revolutionary clean energy companies like Tesla and First Solar makes EH2 a qualified hydrogen company to break through today’s barriers of efficiency and cost to make measurable progress toward a zero-emission industrial sector in this decade.

Zippy Shell offers comprehensive solutions for moving and storage, including self-packing, storage services, and long-distance moving assistance. They provide a convenient and flexible solution for individuals and businesses looking to move locally or across the country. One of the key features of Zippy Shell's service is their unique mobile storage units. These units are delivered directly to the customer's location, allowing for easy loading and unloading at their own pace. Once packed, the units can be stored securely at a Zippy Shell facility or transported to a new destination.

Bolt is the first European app with a mission to make cities for people, not cars. Bolt has 100 million customers in 45 countries across Europe and Africa. The company challenges personal car ownership, offering better alternatives for every use case, including ride-hailing, shared cars and scooters, and food and grocery delivery. Bolt was founded in 2013 and is headquartered in Tallinn, Estonia.

FMX is committed to providing best-in-class solutions that satisfy all of our clients' needs.

Merama is an e-commerce platform that partners and exponentiates the growth of each brand they work with. The platform helps fuel their business with outstanding human resources and non-dilutive capital. Its mission is to be the best and largest online group of brands in Latin America. Merama was founded in 2020 and is headquartered in Mexico City, Mexico.

DeFli Network are one of the global leaders in drone defence systems and combined airspace UTM's. Using IP protected passive radar systems combined with Edge AI, DeFli Networks are the only drone defence system provider that can identify all drones, in all weather and with the longest identification range. DeFli utilizes cryptocurrency to reward hosts of RemoteID sensors as well as offering sponsored devices that earn a fixed percentage of contract revenue. This distributed methodology enables deployment without CapEx and is one of the reasons for the near 2000% increase in sales in 2024.

BlaBlaCar is the world’s leading long-distance carpooling community, connecting people looking to travel long distances with drivers going the same way. They travel together and share the costs of the journey.  The platform is engineered to create a secure, trust-based community with declared identities and full member profiles. Members can even specify how chatty they are from “Bla” to “BlaBlaBla”, hence the name BlaBlaCar.  BlaBlaCar is creating a global people-powered network with a trusted community of drivers and passengers.   Backed by Accel Partners, Insight Ventures, Index Ventures, Lead Edge Capital, Baring Vostok and ISAI, it operates in 22 countries across Europe, Russia, Turkey, Mexico, Brazil and India. The site and free mobile apps provide a range of features to create a secure, trust-based community and easy connections between drivers and passengers. BlaBlaCar is based in Paris with offices across a dozen of countries.

PPRO is a fintech company that provides digital payments infrastructure to businesses and banks so that they can scale their checkout, acquiring, and risk services through one connection. Payment platforms, acquirers, and merchants that plug into PPRO’s infrastructure can access payment methods, fraud screening tools, and other essential products from multiple providers. Every product can be deployed and controlled with clicks, not code. With the company's orchestration layer directing process flows and data like clockwork, PPRO’s partners can rest easy knowing they’re delivering seamless end-to-end services to their customers. Citi, PayPal, and Stripe are just some of the names that depend on PPRO to accelerate their roadmaps, boost their conversions, and eliminate the complexities of digital payments.

Equinox operates 89 upscale, full-service clubs in New York, Los Angeles, San Francisco, Miami, Chicago, Boston, Dallas, Houston and Washington, DC, as well as international locations in London, Toronto and Vancouver. The company offers an integrated selection of Equinox-branded programs, services and products, including strength and cardio training, studio classes, personal training, spa services and products, apparel and food/juice bars.

ENGIE manages a range of energy businesses in the United States and Canada, including electricity generation and cogeneration, natural gas and liquefied natural gas (LNG) distribution and sales, retail energy sales, and comprehensive services to help customers run their facilities more efficiently and optimize energy use and expense. Nearly 100 percent of the company’s power generation portfolio is low carbon or carbon free. Globally, the company is present in 70 countries and employs 153,000 people, including 1,000 researchers in 11 R&D centers.

YouLend is the preferred global embedded finance platform for several of the world's most popular e-commerce and payment platforms, including Amazon, eBay, Shopify, Dojo, Mollie, Just Eat Takeaway, and Takepayments.

Origis Energy is a solar development and construction firm that brings clean solar and energy storage solutions. Origis Energy specializes in large-scale solar power projects. They design, build, and operate solar farms that generate clean electricity for utilities, corporations, and communities. Their projects span various stages from initial site assessment and project development to engineering, procurement, construction (EPC), and long-term operations and maintenance (O&M).

Aspen Power Partners is a distributed generation platform with the dual mission of accelerating and democratizing decarbonization.

Land's End is a multichannel retail company. The company operates through two segments, Direct and Retail. It offers casual clothing, accessories, footwear, and home products. The company sells its products through its e-commerce Websites, direct mail catalogs, and Lands’ End Shops at Sears. Land’s End was founded in 1963 and is headquartered in the United States.

Tabby creates financial freedom in the way people shop, earn, and save by reshaping their relationship with money.

SB Energy provides flexible renewable energy at scale, accelerating the global energy transition and benefiting our planet, customers, communities, and people.

Candex is a fintech consolidator for large organizations so that they can make purchases from one-time, irregular, and low-risk suppliers using existing P2P processes. Candex operates globally managing setup, support, tax, and regulatory complexity - making it simple, fast, and compliant to pay suppliers even across borders and cross currencies.  Available in multiple deliveries, Candex works directly within existing e-procurement systems, via bulk uploads, or integrated into any workflow via API.  In the end - Candex completely takes care of the 70-80% of vendors getting 3-5% of spend; ''No PO, No Pay'' becomes achievable; and the efficiency is so remarkable that our clients enter a sort of procurement zen.

Prophecy.io is a self-service data transformation platform. Prophecy enables all the data users in an enterprise with a visual or low-code interface,  making them productive. Uniquely visual development in Prophecy is backed by code for Spark or SQL data warehouses - enabling data platform teams to build standards and packages offer Prophecy as a service on top of Databricks or SQL data warehouses.

New Era Cap is a headwear and fashion apparel brand which offers products such as hand crafted caps and T-shirts.

Biogen Idec uses cutting-edge science to discover, develop, manufacture and market biological products for the treatment of serious diseases with a focus on neurological disorders.   Founded in 1978, Biogen Idec is the world's oldest independent biotechnology company. Patients worldwide benefit from its leading multiple sclerosis therapies, and the company generates more than $4 billion in annual revenues.

Meitheal Pharmaceuticals specializes in research, manufacturing, and supply of injection medicine.

Mirakl offers the industry’s advanced enterprise marketplace SaaS platform. Mirakl is an enterprise marketplace solution that helps brands and retailers launch and grow an enterprise marketplace at scale. With Mirakl, organizations across B2B and B2C industries can launch marketplaces and operate with confidence as they exceed rising customer expectations.

Silver Lake is a global technology investment firm focused solely on making large-scale investments in leading technology companies.

MerQube is a cloud-native indexing platform designed for designing, calculating, and disseminating financial indices at scale. In the growing space of passive (index-linked) indexing, MerQube provides robust financial indices in the areas of equities, futures, options, and ESG and has the expertise that spans market-capitalization weighted indices to risk-premia, volatility, thematics, and ESG.

Reliance Jio Infocomm is a company providing wireless telecom products and services. The company offers voice, data, and messaging services, as well as distributes smartphones and hotspot devices. Its areas of research, development and new service deployment include blockchain, artificial intelligence, open source platforms, IOT, data analytics, and next-gen cloud services.

TROES is a Canadian company to develop smart power energy storage technologies, products, and solutions in a 170 Billion market to help middle-market project developers, power distributors, and power consumers to unlock numerous project opportunities with considerable payback which are not existed previously due to high project cost, lack of expertise and low development efficiency by using our patented modularized energy storage hardware and software.

Skydance is a diversified media company founded by David Ellison in 2010 to create elevated, event-level entertainment for global audiences. The company brings to life stories of immersive worlds across platforms, including feature film, television, gaming and digital.

RS designs, engineers, and manufactures composite utility poles and related products for the electric transmission and distribution sectors.

Iberdrola together with its subsidiaries engages in the production, switching, and distribution of electricity and gas worldwide. It generates electricity primarily through nuclear, fossil-fuel, and hydroelectric power. The company also engages in the retail of electricity under the tariff systems. In addition, IBERDROLA generates electricity from renewable energy sources, as well as engages in gas storage, and electricity and gas supply activities. Iberdrola is committed to the energy transition and has developed a sustainable business model based on renewable energy, smart grids, large-scale energy storage, and digital transformation to provide customers with advanced products and services.

Bausch + Lomb is a global eye health business of Bausch Health Companies, Inc., is dedicated to protecting and enhancing the gift of sight for millions of people around the world – from the moment of birth through every phase of life. Its comprehensive portfolio of more than 400 products includes contact lenses, lens care products, eye care products, ophthalmic pharmaceuticals, over-the-counter products and ophthalmic surgical devices and instruments.

Cleareye.ai is the creator of a financial platform that aims to help clients enhance their monetary inclusion all around the world. The company's artificial intelligence platform includes compliance and regulatory change administration, social influence sensing, human interactions, traditional chatbots, advanced document ingestion, validation and enrichment, core process automation, real-time voice, sentiment analysis, and fraud detection, allowing organizations to achieve greater efficiency, performance, and profitability while providing a hyper-personalized customer experience.

WHSmith is a British retailer that operates a chain of High Street, railway station, airport, hospital, and motorway service station shops selling books, stationery, magazines, newspapers, and entertainment products. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company was the first chain store company in the world and was responsible for the creation of the ISBN book catalog system. WHSmith’s travel business operates 586 units, mainly in airports, railway stations, motorway service areas, hospitals, and workplaces, primarily in the U.K. Its travel stores sell a tailored range of products, to cater to people on the move or in need of a convenience offer. It's High Street business sells a wide range of products, which are divided into four categories such as stationery, books, and news and impulse, as well as a small offer of entertainment products in some stores. High Street’s trading is seasonal, peaking at Christmas, with other peaks at Easter and in August and September for the ‘Back to School’ range. WHSmith was founded in 1972 and is headquartered in Swindon, Wiltshire.

FIA Tech provides financial, legal agreements, and brokerage services. It has continually worked with the industry to develop and provide key services and technologies which help market participants reduce risk, mitigate operational costs, and meet market and regulatory challenges.

OpenFin enables financial desktops with the same app distribution, security, and interoperability capabilities as iOS and Android. It offers a desktop application to run outside the browser, generate real-time applications, desktop notifications, tear-outs, docking support, custom title bars and frames, animation effects, maintain window size and position, and secure communications.

wefox was founded in 2015 by Julian Teicke, Fabian Wesemann, and Dario Fazlic. wefox is a category-defining insurtech platform that connects insurance companies, brokers, businesses and customers to give the world simple access to digital insurance solutions. We make insurance 10x better by enabling people to be safe through an all-encompassing platform which empowers the entire insurance ecosystem. We empower insurance companies to easily launch new insurance products in any distribution channel. We empower brokers to focus on their advisor capabilities and scale their business with experience and trust. We empower businesses with embedded services that enable them to provide insurance solutions to their clients. We empower customers to be safe and pursue their dreams.

Legendary Entertainment is a media company that creates and distributes content for television and digital platforms around the world. Through a strategic partnership with other production studios, the company creates, develops, co-produces, co-finances, and distributes motion pictures dedicated to owning, producing, and delivering content to mainstream audiences with a targeted focus on the powerful fandom demographic. It owns, produces, and distributes box-office movies and films, television shows, and comic story lines.

Reliance Industries is engaged in the exploration, development, and production of crude oil and natural gas in India and internationally. Reliance Industries is the second-largest publicly traded company in India by market capitalization and is the second-largest company in India by revenue after the state-run Indian Oil Corporation. Across all economic and social spheres, Reliance's product and service portfolio affects nearly all Indians on a daily basis.

Socure provides artificial intelligence for digital identity verification, fraud prevention, and sanction screening.

The Swiss Re Group is a wholesale provider of reinsurance, insurance, and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations, and public sector clients. From standard products to tailor-made coverage across all lines of business, Swiss Re deploys its capital strength, expertise, and innovation power to enable the risk-taking upon which enterprise and progress in society depend. Founded in Zurich, Switzerland, in 1863, Swiss Re serves clients through a network of around 70 offices globally and is rated ''AA-'' by Standard & Poor's, ''Aa3'' by Moody's, and ''A+'' by A.M. Best. Registered shares in the Swiss Re Group holding company, Swiss Re Ltd, are listed in accordance with the International Reporting Standard on the SIX Swiss Exchange and trade under the symbol SREN.

Skybox offers a SaaS Security Posture Management Platform that provides complete visibility, analytics, and automation to help organizations quickly map, prioritize, and remediate vulnerabilities. Across all corporate networks and cloud environments, the vendor-agnostic solution optimizes security policies, actions, and change processes. It enables security teams to focus on the most strategic business initiatives while ensuring enterprise security. It was founded in 2002 and is headquartered in San Jose, California.

In-Solutions Global is a fintech services company. They provide credit and prepaid card management systems, debit card reconciliation, interchange and clearing settlement systems, merchant settlement, and merchant application processing. Their objective is to build trust throughout the payments ecosystem by integrating creativity and innovation to better serve communities, businesses, and consumers.

13o3 is a boutique investment firm specializing in providing tailored solutions to complex and sophisticated business challenges for discerning clientele, mainly high-profile individuals. Launched in 2013 and founded by Asfand Yar Saeed, the company operates under the legal name 13o3 Ltd and is currently active. 13o3's clients have deployed $1 Billion in assets, and the firm functions as a luxury family office. As an invitation-only consultancy, they pride themselves on their exclusivity and discretion. The elite team of experienced consultants at 13o3 is committed to providing bespoke solutions that epitomize perfection and exclusivity. The company is headquartered at 32 London Bridge Street, 24/25, The Shard, London SE1 9SG, United Kingdom, and can be contacted through their email info@13o3.com. For more information about 13o3 and their services, visit their website at https://www.13o3.com or follow their Twitter account, @13o3_HQ.

Acin is a market-defining fintech company that is on a mission to make banks safer and transform the financial industry’s approach to non-financial risk, through the use of data.

EdgeLab was founded in 2013 by investment, risk management and technology professionals.  They are a group of passionate and highly motivated engineers and scientists, coming from the fields of computer science and security, financial engineering and risk management, scientific computing, numerical analysis and statistics. They would gladly welcome you for a meeting with us and have the opportunity to present you their demo platform.

Evooq offers wealth and asset managers technology-driven solutions. They want to drastically simplify the investment procedure to improve professional investors' and their clients' access to and awareness of investments. It aids wealth and asset managers in enhancing their services and business practices so they can provide better results for their organizations and customers.

Lendbuzz develops an AI-based auto finance platform for people with a thin or no credit history. It helps consumers with a thin or no credit history obtain financing when purchasing a car. Powered by machine learning and proprietary algorithms, Lendbuzz is able to better assess the creditworthiness of consumers with limited credit history, who are underserved by traditional banks. By partnering with auto dealerships, Lendbuzz is able to offer consumers attractive financing solutions and dealerships are able to close additional business opportunities and serve a more diversified client base. The company was founded in 2015 and is headquartered in Boston, Massachusetts.

Sightline Payments designs and develops a digital payment solution for the sports betting and casino gaming market. Sightline Payments builds a cashless ecosystem for the gaming environment with its flagship solution, Play+. Named ''Most Innovative Gaming Technology Product of the Year'', Play+ allows consumers a cashless and seamless mobile commerce experience for hospitality and gaming, including online, mobile, on-premise slots, table games, and sports. The Play+ digital platform is embraced by integrated casino resorts, sports betting and lottery platforms, including the largest and most well-recognized casino resort and sports betting brands in the world.

HartBeat Ventures operates as a venture capital firm.

Compañía Minera Raura operates as a polymetallic mining company.

AccessFintech offers risk management services for banks and buyside firms and tracks the trade lifecycle. It helps firms track the trade lifecycle and get a true sense of prioritized risk, across an increasing number of systems. Access FinTech brings together fintech providers and in-house technology, orchestrating the interaction of the distributed providers and creating a single visual display of the risk of financial transactions in a global sharable view.

Ownera is a digital assets software company building the institutional rails for a new multi-trillion-dollar digital securities market.  The company led the creation of the open-source specifications of the FinP2P protocol and delivers FinP2P based network nodes and digital assets solutions to the financial industry.

Clip is the leading commerce and digital payment platform that is empowering businesses in Mexico to interact and transact with its consumers more effectively through innovative technologies, best-in-class customer service, and the ability to accept all payment methods digitally.

Capital on Tap provides an all-in-one small business credit card and spend management platform. It helps small business owners to manage cards for their employees, access funding for their business, and earn cashback, travel, and gift card rewards on every dollar their business spends.  The company has spent 10 years focusing on the needs of small business owners. It has been recognized by Forbes and the Financial Times as one of Europe’s fastest-growing businesses. More than 200,000 small business customers have spent more than $5 billion on their Capital on Tap Business Credit Cards to date. Capital on Tap makes business funding and spending simple, saving business owners time and money. With a 2-minute application process, the majority of applicants receive instant credit decisions. Business owners enjoy access to cash back on all purchases, high credit limits, and as many employee cards as they need for their business to run smoothly and efficiently - all for free.

Celonis believes that every company can unlock its full execution capacity. Powered by its market-leading process mining core, the Celonis Execution Management System provides a set of instruments and applications, the Celonis Studio as well as platform capabilities for business executives and users. The Celonis EMS offerings help companies manage every facet of execution management from analytics to strategy and planning, management, actions, and automation.

Benefitfocus is a provider of a cloud-based benefits management platform for health care and benefits administration. More than 20 million consumers manage all types of benefits in the Benefitfocus cloud. By delivering technology that integrates all benefits in one place, Benefitfocus provides a better way to engage consumers, educate employees and simplify benefit enrollment and management. The company was founded in 2000 and is based in Charleston, South Carolina.

Steadfast Group is an insurance brokerage company that offers business and personal insurance services.

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