vHive Secures $4M in an Investment led by Deutsche Telekom to Accelerate Expansion in the Enterprise Drone Hive Software Market
NEW YORK and LONDON, Oct. 14, 2020 /PRNewswire/ —
Funding will support vHive’s rapid growth trajectory as it helps enterprises gain business insights to their field assets while streamlining costs
- vHive’s platform digitizes enterprise’s field assets using autonomous drone hives, powering their digital business transformations.
- Deutsche Telekom, one of the world’s leading integrated telecommunications companies is making a strategic investment in vHive to propel further expansion in the telecom industry.
- Enterprises benefit from accurate data analytics and insights about their field operations creating a tremendous market opportunity for vHive’s technology.
vHive, the only software solution that enables enterprises to digitize their field assets and operations using autonomous drone hives, announced today a $4 million extension to its Series A, led by Telekom Innovation Pool (TIP), Deutsche Telekom’s strategic investment fund advised by DTCP. Existing investors Octopus Ventures and StageOne Ventures participated in the funding, which will accelerate the company’s growth and expansion in the enterprise drone software market. Joel Fisch, Deutsche Telekom Vice President and TIP Co-managing Director has joined the Company’s board of directors.
Deutsche Telekom, one of the world’s leading telecommunication companies, is investing in vHive to fuel the company’s continued expansion in markets that are going through digital transformation using autonomous drone hives. These markets include telecom, construction, cranes, insurance and others. The investment will support vHive’s leadership in data analytics, computer vision and AI, and further automate recognition of items of interest. Deutsche Telekom with its global portfolio, will assist in applying vHive’s solution in the Telecom space.
“We are thrilled to have the backing of a significant industry player such as Deutsche Telekom as a testimonial to vHive’s innovation,” said Yariv Geller, CEO and co-founder of vHive. “Deutsche Telekom’s investment demonstrates their commitment to digitizing their infrastructure using the vHive platform as
Yseop, a pioneer in Natural Language Generation (NLG) and world-leading AI software company, today announces the expansion of its Strategic Committee. In this Covid 19 economic context, Yseop’s growth has been fueled by the strong demand from companies for report automation technology to gain in efficiency while lowering their costs, both in the finance industry and the pharmaceutical industry. The rich experience of its new members will allow Yseop to benefit from additional strategic support to keep growing in Europe and the US.
New Strategic Committee members:
Benoît Claveranne, CEO at AXA International & New Markets – With 18 years of successfully planning, advising and execution of ambitious and innovative commercial plans across the globe in a variety of organizations, from small firms to multinationals and governments, Benoît brings his hands-on experience and strategic thinking to the committee.
Mathieu Morand, Investment Manager at Wille Finance – Wille Finance is a multi-family office with an entrepreneurial spirit, focusing on private equity, real estate, digital media and listed assets, and has recently invested in Yseop. Mathieu, who has instigated and led direct equity investments in numerous technology start-ups, represents Wille Finance on the committee.
Craig Vachon, Partner and head of US Operations of NextStage – Craig, based in California, has extensive experience managing operations and investing in start-ups and high-tech companies around the world. He has raised more than US $1.6 billion in private investment for 36 companies in eight countries, including more recently Looker, acquired by Google (US $2.6 billion) and Anchor Free, acquired by WndrCo. Craig has now been appointed Chairman of the Strategic Committee.
The new members join the existing strategic committee composed of Alain Kaeser – Founder and Chief Science Officer of Yseop, Emmanuel Walckenaer – CEO of Yseop, Grégoire Sentilhes – Founder and CEO of NextStage AM,
7thirty Capital and Delta Emerald Ventures co-led the investment with participation from Welcan Capital, Arcview Collective Fund, and others
NOVATO, Calif., Sept. 29, 2020 /PRNewswire/ — Trym, a pioneering cannabis cultivation software company, is pleased to announce the completion of its $3.1M seed funding round of financing. In addition to an initial friends and family of $1M, 7thirty Capital and Delta Emerald Ventures co-led the preferred round of $2.1M. Welcan Capital, Arcview Collective Fund, and others also participated in the oversubscribed round. The funding will enable Trym to make further software advancements and expand its trusted farm management platform into new markets.
“Our investors are a perfect match with Trym’s DNA,” said Matt Mayberry, CEO and co-founder, Trym. “They understand that connectivity is the future of cannabis agriculture and that to stay in the game, commercial cultivators have to closely track and manage all aspects of their business. A disruption is happening in the market and we’re helping to drive it.”
Trym currently operates in 14 U.S. states and works with more than 80 of the largest cultivators and multi-state operators in the country.
Intense competition in the cultivation supply chain pushes down on prices and forces operators to improve their production efficiency to stay competitive. Trym addresses the needs of scaling organizations and will use the capital to continue improving its cultivation-focused platform. The funds will also be deployed for strategic software integrations with complimentary supply chain software and hardware systems.
“The growth opportunity in the cannabis cultivation software market is very exciting for us,” said Micah Tapman, Managing Partner at 7thirty Capital. “Trym is disrupting cannabis cultivation with a comprehensive software platform that streamlines business and connects the whole team for more efficient farm management. We have watched Trym grow since 2019,