Momos Raises $10M to Expand AI-Powered Customer Platform

Momos, an AI-powered customer platform for multi-location brands, has raised $10 million in Series A funding. The company, based in San Diego, CA, and Singapore, provides businesses with advanced tools to improve customer service, experience, and marketing. This latest funding round will help Momos expand its global reach.

Key Investors in the Round

The $10 million investment was led by 645 Ventures, a venture capital firm that focuses on growing tech companies. Other participants include existing investors like Alpha Wave Global and Peak XV, as well as new investors such as Soma Capital, FJ Labs, Taurus Ventures, and Correlation Ventures. With this funding round, Momos has now raised a total of $17 million to date.

How Momos Helps Businesses

Momos, led by CEO Sai Alluri, offers AI-driven solutions to help brands improve customer interactions. The platform is especially useful for companies in industries like food and beverage, retail, and other businesses with multiple locations.

Momos provides a complete set of tools for managing customer service, customer experience, and marketing. With AI technology, the platform helps businesses gather insights and improve the customer journey, making it easier to understand customer behavior and preferences. As a result, companies can enhance customer satisfaction while also cutting costs.

Global Clients and Reach

Momos already works with well-known brands around the world. Some of its notable clients include Shake Shack, Baskin Robbins, and Guzman y Gomez. The platform is currently live in 10 countries, spanning North America, the Asia-Pacific (APAC) region, and the Middle East.

Future Plans

The new funding will be used to continue expanding the company’s reach and improve its platform’s capabilities. With the global shift toward digital solutions, businesses need efficient ways to manage customer interactions. Momos aims to become a key player in helping businesses provide better customer experiences across multiple locations.

By using AI to streamline operations, Momos is positioned to help companies reduce operational costs while delivering top-tier customer service. As the company continues to grow, more businesses will have access to this cutting-edge technology, allowing them to stay competitive in the global market.

For more information about Momos and its AI-powered solutions, visit the Momos website.

Epica International Secures $18M to Boost Medical Imaging and Robotics

Epica International, a Landrum, SC-based leader in advanced medical imaging and precision robotics, has successfully secured an $18 million growth capital loan. This new funding will help the company expand its business and develop new technologies for healthcare and manufacturing.

Key Details of the Funding

The loan was provided by Avenue Venture Opportunities Fund, L.P. and Avenue Venture Opportunities Fund II, L.P., both of which are part of the Avenue Capital Group. The initial $13.5 million of the loan will be used to refinance Epica’s existing debt and support the company’s growth. This includes expanding its operations and accelerating research and development. An additional $4.5 million is available, depending on the achievement of specific performance milestones.

The loan agreement spans four years and also includes a provision for Avenue Capital to receive a 0.5% equity stake in Epica International. Avenue Capital also has the option to invest an additional $2 million in equity over the next two years. Additionally, Avenue can convert up to $3.5 million of their loan into common stock at a price of $8.50 per share.

Epica’s Role in Healthcare and Robotics

Epica International, led by CEO Joe Soto, is known for its advanced medical imaging and precision robotics technologies. These technologies are widely used in both human and animal healthcare, as well as in scientific research. Epica’s patented medical imaging tools enable clinicians to achieve higher accuracy, leading to better outcomes for patients. These tools are also helpful in research, allowing scientists to work with more precise data.

Epica’s robotics division focuses on creating robotic solutions that help streamline manufacturing processes. These robots enhance production quality by combining precision engineering with advanced automation, which leads to higher efficiency and accuracy in manufacturing. This technology is used across a range of industries, helping businesses improve their production lines.

Patents and Innovations

Epica International currently holds 75 patents, with more pending, for its innovative medical imaging and robotics platforms. These patents are recognized not only in the U.S. but also in the European Union and other countries. This intellectual property highlights the company’s commitment to leading in both the healthcare and robotics fields.

Future Plans

With this new funding, Epica is set to grow its impact in the medical imaging and robotics industries. The growth capital will enable the company to continue developing its cutting-edge technology and expand into new markets. The additional capital available through the loan will be used for further advancements as the company hits key milestones.

Epica’s innovations in both healthcare and industrial robotics are expected to revolutionize these sectors. By continuing to develop technologies that enhance accuracy and efficiency, the company is well-positioned to drive positive change in both human and animal healthcare, as well as in manufacturing processes.

For more information about Epica International’s groundbreaking technologies and future developments, visit their website.

Battolyser Systems Secures €30M in Series A Funding to Advance Green Hydrogen Technology

Rotterdam-based Battolyser Systems has raised €30 million in Series A funding to scale its operations and bring its next-generation electrolyser to market by 2025. The funding round was backed by Global Cleantech Capital, Innovation Industries, and Invest-NL. This investment will help the company expand and further develop its innovative technology, which aims to revolutionize the production of green hydrogen.

A New Solution for Green Hydrogen Production

Battolyser Systems, led by CEO Mattijs Slee, has developed a groundbreaking device known as the “Battolyser.” This integrated battery and electrolyser can store electricity and produce hydrogen from renewable power sources. The ability to switch on and off quickly allows the Battolyser to balance energy supply and demand, making it highly efficient in supporting renewable energy grids. This flexibility helps reduce the cost of green hydrogen and eases grid congestion.

The Battolyser is available in a 2.5 MW plug-and-play format, as well as 5 MW modules, which can be installed with additional components on-site. This versatility makes it suitable for a wide range of applications, helping industries and communities transition to cleaner energy.

Scaling Up for 2025 Launch

The new funding will enable Battolyser Systems to scale up its production and prepare for the launch of its next-generation electrolyser in 2025. This will play a crucial role in making green hydrogen more accessible and affordable. The company is focused on leveraging renewable energy to produce hydrogen, which is expected to be a key component in reducing carbon emissions and meeting global climate goals.

Additional Support from the European Investment Bank

In addition to the €30 million raised in Series A funding, Battolyser Systems previously secured €40 million in financing from the European Investment Bank (EIB) in October 2023. This combined support will allow the company to accelerate its growth and bring its innovative technology to the market more quickly.

The EIB’s involvement underscores the importance of green hydrogen in Europe’s transition to a low-carbon future. With this significant financial backing, Battolyser Systems is well-positioned to lead the way in hydrogen production and renewable energy storage .

The Importance of Green Hydrogen

Green hydrogen, produced from renewable energy sources like wind and solar, is a critical solution for reducing carbon emissions in sectors that are difficult to decarbonize, such as heavy industry and transportation. By producing hydrogen using renewable energy, Battolyser Systems is helping to create a more sustainable energy future.

With the flexibility and efficiency of its Battolyser technology, the company is poised to make a significant impact on the green hydrogen market. The ability to store and produce hydrogen on demand makes it an ideal solution for addressing the challenges of intermittent renewable energy sources.

Looking Ahead

Battolyser Systems’ next-generation electrolyser is set to hit the market in 2025, and the company is already making strides toward scaling up its operations. With the support of its investors and the European Investment Bank, the company is on track to make green hydrogen a more viable and cost-effective energy solution for industries worldwide .

Rebelstork Raises $18M to Expand Sustainable Baby Gear Marketplace

Rebelstork, a company based in New York City that focuses on reselling baby gear, has raised $18 million in Series A funding. The round was led by Maveron Ventures, with additional support from Serena Ventures, Marcy Venture Partners, and existing investor Golden Ventures. This new funding will help Rebelstork grow its business and improve its technology.

What Does Rebelstork Do?

Rebelstork is a marketplace for reselling baby gear that has been returned to stores or is overstocked. The company gives new life to baby products by reselling them at lower prices, making it a great choice for families who want to save money and reduce waste. By keeping these items out of landfills, Rebelstork also offers an environmentally friendly way to shop for baby gear.

The company works with more than 2,500 brands across 45 categories, including popular baby brands like Million Dollar Baby, BabyBjörn, 4moms, and Ergobaby. Rebelstork is also partnered with large retailers like Target.

How Does It Work?

Rebelstork has created its own special technology to manage the resale of baby products. Every item they sell gets a unique identifier, so it’s easy to track. Before anything is sold, it goes through a strict quality check process called the “Rebby Pinky Promise”. This ensures that all items are safe and in good condition before they are resold. This system helps Rebelstork build trust with their customers and supply partners.

By offering this service, Rebelstork provides brands and retailers with a way to make money from returned or extra products that would otherwise be wasted. This solution also helps companies deal with their excess inventory while promoting sustainability.

Why Did Rebelstork Raise $18 Million?

Rebelstork plans to use the $18 million to continue developing its technology platform. This platform helps the company manage returned and overstocked baby products, making it easier to resell them to customers. The new funding will also help Rebelstork expand its services and reach more customers.

The company wants to grow its impact by offering more baby gear at affordable prices, while also helping reduce waste. With the new funding, Rebelstork can improve its processes and work with more brands and retailers.

A Growing Business

Since its launch in 2020, Emily Hosie, the Founder and CEO of Rebelstork, has focused on building a marketplace that combines technology with sustainability. Rebelstork has quickly grown into a popular platform for families looking to buy baby gear at lower prices. By reselling items that would otherwise be thrown away, Rebelstork provides a great option for eco-conscious shoppers.

Looking Forward

With new funding and a strong focus on sustainability, Rebelstork is set to continue growing. The company’s goal is to help families save money on baby gear while also reducing the amount of waste going to landfills. By working with top brands and retailers, Rebelstork is becoming a key player in the baby gear market.

As Rebelstork expands, more families will have access to affordable, high-quality baby products that are both budget-friendly and good for the planet.

USA- AIR COMPANY Raises $69M in Series B Funding to Scale Carbon Conversion Technology and Drive Aviation Sustainability

AIR COMPANY, a leader in carbon conversion technology, has announced raising $69 million in its Series B funding round. The financing will help advance the company’s innovative technology, promoting energy security and reducing emissions in hard-to-decarbonize sectors, especially aviation. This round was led by Avfuel, a global supplier of aviation fuel, which will also provide distribution, logistics, and environmental attribute tracking for AIR COMPANY. Other participants included Lowercarbon Capital, IQT (In-Q-Tel), Alaska Airlines, Connecticut Innovation’s Climate Tech Fund, and Duncan Aviation, among others. Previous investors such as Carbon Direct Capital, JetBlue Ventures, and Toyota Ventures also took part in this funding.

Avfuel’s involvement signifies a crucial partnership for the company as it aims to scale its sustainable aviation fuel (SAF) production. Avfuel will join AIR COMPANY’s board of directors, bringing their industry expertise to drive the development and adoption of SAF. The funds raised will be directed toward expanding AIR COMPANY’s research and development capabilities, pushing forward the deployment of their technology to meet the rising demand for clean, sustainable fuels in both the commercial and governmental sectors.

AIR COMPANY, co-founded by Gregory Constantine and Dr. Stafford Sheehan, has developed a cutting-edge process that converts carbon dioxide into sustainable fuels. Their streamlined and energy-efficient technology can produce scalable SAF, which integrates seamlessly into current aviation infrastructure. This innovation positions AIR COMPANY as a key player in the effort to reduce aviation emissions, a sector notoriously difficult to decarbonize. Through partnerships with airlines and a $65 million contract with the Defense Innovation Unit, the company has already demonstrated the viability of its SAF solution.

Avfuel’s Executive Vice President, C.R. Sincock, highlighted the importance of SAF as a pathway to decarbonization, praising AIR COMPANY’s innovative approach. “The aviation sector faces a critical challenge in meeting the growing demand for sustainable aviation fuel,” Sincock said. “By partnering with AIR COMPANY, Avfuel is committed to accelerating the widespread adoption of this high-performing fuel and driving meaningful emissions reductions across the industry.”

Co-Founder and CEO Gregory Constantine emphasized that AIR COMPANY’s technology is designed to be modular and scalable, allowing it to adapt to various fuel supply chains. Co-Founder Dr. Stafford Sheehan further noted that this flexibility strengthens energy security and encourages domestic job creation. The backing from prominent investors underlines the trust and confidence in AIR COMPANY’s vision for a sustainable and resilient future.

AIR COMPANY’s proprietary AIRMADE™ technology is an adaptable platform that converts CO₂ into high-demand, fully-formulated synthetic fuels and chemicals. The company has established partnerships with airlines like JetBlue and Virgin Atlantic and secured contracts with government agencies, including NASA and the Department of Defense.

The company’s efforts have garnered numerous accolades, including the Green Chemistry Challenge Award from the U.S. Environmental Protection Agency and recognition from the World Economic Forum for its contributions to sustainable aviation. AIR COMPANY’s success in carbon conversion technology is not only transforming energy sectors but also providing a crucial solution to global carbon emissions. With this new funding, the company is poised to further scale its operations and make a lasting impact on sustainable aviation and beyond.

Atlanta-Based Evolve Raises Over $6M to Enhance Prefabrication Workflow Tech

Evolve, an Atlanta-based prefabrication workflow tech company, secured over $6 million in growth funding. The funds will accelerate the development of Evolve’s platform, which automates construction design workflows for mechanical, electrical, and plumbing contractors. The enhancements will include improved Revit modeling, content management, and cross-department spooling methods.