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Tag: Atlas Invest

Atlas Invest Raises $11M in Strategic Funding to Accelerate Market Expansion

AI-Powered Bridge Lending Platform Paves the Way For Scalable Bridge Financing NEW YORK, Dec. 17, 2024 /PRNewswire/ — Atlas Invest, the premier bridge loan company, announced today the successful closing of an $11M funding round. Combining decades of real…

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Chargezoom, a leading platform for AI-powered billing and integrated payments, announced today it has raised $11.5 million in Series A funding, led by Salt Lake City’s Kickstart Fund. This funding marks Chargezoom’s official arrival on the Utah tech scene, setting the stage for the company to scale rapidly and efficiently with the support of Silicon Slopes’ top early-stage venture fund. This round is another key milestone in Chargezoom’s rapid growth. Previously, the company closed a $2 million Seed round in July 2021. This investment helped Chargezoom simplify accounts receivable for businesses that need more efficient, agile financial processes.

Since its Seed funding, Chargezoom has grown by 3,972%. Chargezoom is transforming the way businesses handle accounts receivables. Powered by an extensive proprietary dataset and using cutting-edge AI and machine learning, Chargezoom makes invoicing, cash flow, and customer payments seamless and autonomous. No manual work. No wasted time. Just smarter, faster AR that drives financial health and frees businesses to focus on growth.

In a statement Matt Dubois, founder and CEO of Chargezoom said, “We’re thrilled to be building Chargezoom right here in Utah.” “Not only does this validate our vision and provide critical resources, we’re getting an unbeatable strategic partner in Alex Soffe and the team at Kickstart.”

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ŌURA, the company behind Oura Ring, the world’s leading smart ring, today announced the completion of a $200 million Series D funding round. Fidelity Management & Research Company and Dexcom, the global leader in glucose biosensing, participated in the round. The investment raises the company’s valuation to $5.2 billion. This financing reflects ŌURA’s momentum in building and leading the smart ring category and the shared belief among its partners and investors that there are substantial growth opportunities ahead. This new capital will enable ŌURA to expand its product offerings, fuel further investment in product, science, and healthcare innovation, including AI, advance global expansion efforts, and explore additional acquisitions to accelerate growth.

In a statement Tom Hale, ŌURA chief executive officer said, “As we continue to drive momentum and growth, we are bolstered by the additional support of these investors.” “We’ve made significant progress in advancing our mission to make health a daily practice and will use this funding to unlock new opportunities, with AI development at the center of our strategy. We know that ŌURA has the potential to change lives at scale, and we’re excited to continue leading the market in innovation while pursuing opportunities that extend beyond the ring.”

This funding milestone follows a period of marked growth for ŌURA. The company recently surpassed 2.5 million rings sold and has seen its member base and revenue more than double over the past year. ŌURA delivers personalized health data, insights, and daily guidance with Oura Ring, the leading smart ring that helps you live healthier, longer. Guided by a mission of changing the healthcare paradigm from sick care to preventative health, ŌURA makes wellness and recovery a daily practice through sleep, activity, readiness, stress, resilience, women’s health, and heart health. Millions of Oura Members around the world use Oura Ring as a personalized health companion that meets them where they are.

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