Posts in Idea Fund
Sense Photonics Comes out With High-Tech Flash LiDAR

Tesla's approach to autonomy has been multiple cameras, sensors, and a super-powerful computer. A lot of specialists agree with Tesla. But now, a new startup believes it has developed a LiDAR system that's much better than current ones. As Forbes reports, North Carolina-based startup Sense Photonics has developed a system called flash LiDAR architecture. According to Sense Photonics' CEO Scott Burroughs, who spoke with the outlet on the phone, the system is "very simple, has no moving parts, fully solid state." The fact that there are no moving parts isn't the only thing that's different from other LiDAR systems...

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Idea FundCathy GuoComment
Ceterus Among Inc. Magazine's Annual List of America's Fastest Growing Private Companies

CHARLESTON, S.C., Aug. 19, 2019 /PRNewswire/ -- Inc. magazine today revealed that Ceterus is No. 2110 on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy's most dynamic segment—its independent small businesses. Microsoft, Dell, Domino's Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000. Ceterus provides a done-for-you accounting and benchmarked reporting solution for entrepreneurs as well as an accounting technology solution for CPA firms...

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Idea FundCathy GuoComment
Pendo to triple workforce in UK, says growth is exceeding expectations

RALEIGH – Fast-growing cloud computing software firm Pendo is planning to add additional workers at its operations in the U.K., citing as one reason growth that is exceeding expectations. The Raleigh-based firm, which is committed to adding hundreds of workers in its home city and relocating to a new headquarters, says revenue in Europe-Middle E East-Africa markets has already achieved 130 percent of its revenue goal in the first six months of operations. Pendo says it also has added 36 customers...

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Idea FundCathy GuoComment
Sense Photonics raises $26 million to expand depth sensing for autonomous vehicles and industrial robotics

DURHAM, N.C., June 12, 2019 /PRNewswire/
Sense Photonics, a company building the next generation of LiDAR and 3D sensor solutions for autonomous vehicles, industrial equipment and other applications, announced today that they have closed a $26 million Series A funding round. The round was co-led by Acadia Woods and Congruent Ventures, with participation from a number of other investors, including Prelude Ventures, Samsung Ventures, Shell Ventures, Hemi Ventures and IPD Capital...

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Energy drink Mati raises $3.6 million in equity from 30 investors

DURHAM — Mati LLC, an energy drink company based in Durham, has raised more than $3.6 million from selling equity, according to a Securities and Exchange Commission filing on Wednesday. The money was raised from 30 investors with the date of the first sale in mid-May. The filing disclosed that the money would be used for the payment of salaries and other compensation and benefits. “No officer, representative, member or promoter will receive any payments from the proceeds of this offering,” it clarified. The round is capped at $4.5 million – with a total of around $881,000 still to be sold...

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Spiffy Lands $10M in Capital; Announces Fleet Management as a Service (FMaaS) Immediately Available in Eleven Markets

Get Spiffy, Inc. (Spiffy), an on-demand car care, technology, and services company, today introduced Fleet Management as a Service to help fleets maintain vehicles across the entire vehicle lifecycle. With a $10M+ fund raise, Spiffy is expanding into six new markets with Fleet Management as a Service (FMaaS) and rolling out FMaaS in existing Spiffy markets of Atlanta, Charlotte, Dallas-Fort Worth, Los Angeles, and Raleigh-Durham. New FMaaS markets include Denver, New York, Phoenix, Seattle, Tampa, and Washington, DC with more to come in 2019...

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Impossible Objects unveils new CBAM-2 3D printer, partnership with BASF, And $4.1 Million Funding

Composite-based additive manufacturing (CBAM) developer Impossible Objects has made a series of announcements at RAPID + TCT 2019, including $4.1 million in funding, a collaboration with BASF, and a new 3D printer: the CBAM-2. The release of the CBAM-2 3D printer builds upon the company’s previous CBAM offering in the Model One, with greater print sizes and efficiency. Impossible Objects’ collaboration with BASF centers around the support of the chemical giant’s Ultrasint PA6-carbon fiber powderfor use with the Model One and CBAM-2 3D printers. Both the partnership with BASF and its new CBAM-2 3D printer, which has a planned release for Q3 2019, aim to extend the industrial applications of Impossible Objects’ patented CBAM process...

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UAMMI, Impossible Objects build composite parts for US Air Force

The Utah Advanced Materials & Manufacturing Initiative (UAMMI; Kaysville, Utah, U.S.) announced that it has successfully created and fit-checked its first carbon fiber 3D-printed part for the United States Air Force. The part, a first aid kit restraint strap for the B-1 aircraft at Tinker Air Force Base in Oklahoma, was made using a printer from project partner Impossible Objects(Northbrook, Ill., U.S.)...

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Pendo Tops 1000 Customers, 1 Trillion User Events and Adds Six New Executives In Latest Quarter of Fast Growth

RALEIGH, N.C., May 21, 2019 /PRNewswire/ -- Pendo.io, the product cloud company, today reported highlights from its first quarter, which ended April 30, 2019. Notable milestones include its second acquisition, a major product launch, substantial growth in bookings, customers, and headcount, and the appointment of six new executives including its first chief customer officer...

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Pendo Buys Receptive Software

Pendo, a Raleigh, NC-based product cloud company, acquired Receptive Software, a Sheffield, U.K.-based SaaS demand intelligence company. The amount of the deal was not disclosed. Pendo’s acquisition brings demand intelligence to the product cloud, making it a comprehensive platform for digital product teams and product-led organizations to make product decisions, communicate product direction, and deliver product experiences. Receptive’s Sheffield, U.K. headquarters, will be expanded and will become its European development center, growing Pendo’s U.K. presence beyond its recently launched London office...

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Pendo Announces Pendo VIA for Marketo, a New Guided Adoption Tool to Help Companies Grow and Govern Usage of Marketo

RALEIGH, N.C., April 10, 2019 /PRNewswire/ -- Pendo, the product cloud company, today launched Pendo VIA for Marketo ®, the first in a series of native guided adoption solutions designed to help companies accelerate onboarding, improve adoption, and govern usage of enterprise apps. Pendo VIA for Marketo brings targeted, contextual learning and guidance inside the Marketo application to help enforce policies and best practices across distributed brands and business units and expand the power of Marketo beyond a few power users. Pendo VIA for Marketo also provides analytics for marketing operations teams to understand usage and identify skill gaps...

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