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NovoNutrients Raises US$18 million Series A led by Woodside Energy and co-led by CM Venture Capital

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Funding to Accelerate Development of Innovative Carbon Capture and Utilization Technology for Sustainable Protein Production

SUNNYVALE, Calif., July 16, 2024 /PRNewswire/ — NovoNutrients, a biotech trailblazer transforming CO₂ emissions into premium protein, today announced the US$18 million successful first closing of a Series A financing that includes US$10.3 million in new capital and the conversion of US$8 million in previously issued SAFEs. The round was led by Woodside Energy, a global energy company, and co-led by CM Venture Capital, an advanced/sustainable material investment company. Other participants include SOSV’s IndieBio and Decarbonization Consortium, Happiness Capital, The Jeremy and Hannelore Grantham Environmental Trust, and Audacy Ventures. The round targets additional closings for a total of US$23 million.

The potential applications for Novotein™ span pet food, aquaculture, and plant-based alternatives for human consumption.

NovoNutrients’ pioneering process captures industrial CO₂ emissions and combines them with hydrogen to produce Novotein™, a nutritious and environmentally responsible protein ingredient. NovoNutrients’ plans to utilize an asset-light strategy encompassing licensing and strategic partnerships.

The Series A funding will support NovoNutrients’ industrial pilot program, team growth, and commercial partnerships. NovoNutrients has already secured technology development agreements (TDAs) in the energy and nutrition sectors, including a TDA entered into with Woodside Energy in 2023.

“This investment brings us closer to realizing our vision of a world where industrial emissions are upcycled into essential nutrients for a growing population,” said David Tze, CEO of NovoNutrients.

Novotein™ has demonstrated its nutritional excellence and versatility in animal studies, comparing favorably to both traditional and emerging protein alternatives. This premium ingredient significantly reduces water and land use compared to conventional proteins.

The potential applications for Novotein™ span pet food, aquaculture, and plant-based alternatives for human consumption. This versatility helps to address the increasing global demand for cost-effective, sustainable protein sources across multiple markets.

“With this Series A financing, NovoNutrients is well-positioned to accelerate its growth and quickly become a leading supplier of CCU technology that enables sustainable protein ingredients,” said Min Zhou, Managing Partner of CM Venture Capital. “Their leading-edge approach aligns with our focus on renewable carbon, advanced materials science and hard-tech innovations. We have great confidence in the NovoNutrients team’s ability to execute their ambitious vision.”

This Series A round marks a significant milestone for NovoNutrients as it advances its technology. Supported by its investors and partners, the company is poised to make substantial contributions to global food security and industrial decarbonization. As NovoNutrients expands its technology and partnerships, it aims to become a leading provider of sustainable protein ingredients and a key player in the global transition towards a lower carbon economy.

About NovoNutrients
NovoNutrients transforms industrial CO₂ emissions into premium protein ingredients for food and feed. Their proprietary gas fermentation technology employs natural microbes to convert CO₂ and clean hydrogen into complete protein with nutritional value equivalent to beef. NovoNutrients’ efficient business model allows emitters to invest in profitable carbon capture and utilization projects, with NovoNutrients serving as the technology partner. Visit [www.novonutrients.com](http://www.novonutrients.com/) for more information.

About Woodside Energy
We are a global energy company founded in Australia, providing reliable and affordable energy to help people lead better lives. We aim to thrive through the global energy transition with a low cost, lower carbon, profitable, resilient and diversified portfolio1. Today our portfolio includes a diverse range of oil and gas assets. We’re also developing a portfolio of new energy products and lower carbon services. Visit [www.woodside.com] for more information.

About CM Venture Capital
CM Venture Capital is a leading venture capital firm that invests in renewable carbon, advanced materials science and hard technologies. Backed by Fortune 500 companies – BASF, BAT, GE, Henkel, Heraeus, Petronas, Samsung, SABIC – CM Venture Capital has a global reach and a strong network in China. CM Venture Capital partners with ambitious entrepreneurs to build companies that address challenges in decarbonization, digital transformation, energy transformation and material transformation. Visit [cmventure.net] for more information.

1 For Woodside, a lower carbon portfolio is one from which the net equity scope 1 and 2 greenhouse gas emissions, which includes the use of offsets, are being reduced towards targets, and into which new energy products and lower carbon services are planned to be introduced as a complement to existing and new investments in oil and gas. Our Climate Policy sets out the principles that we believe will assist us achieve this aim.

NovoNutrients Media Contact:
David Tze, press@novonutrients.com, 415-236-2455

View original content to download multimedia:https://www.prnewswire.com/news-releases/novonutrients-raises-us18-million-series-a-led-by-woodside-energy-and-co-led-by-cm-venture-capital-302197385.html

SOURCE NovoNutrients

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Uploadcare Unveils New File Uploading Widget, Uploadcare File Uploader v1

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Uploadcare’s Latest Innovation Offers Developers a Seamless, Secure and Scalable Solution for Integrating File Uploads Into Any Project

BOSTON, Sept. 24, 2024 /PRNewswire-PRWeb/ — Today, Uploadcare, a leading file management platform and content delivery network, announced the launch of Uploadcare File Uploader v1. Designed to meet the needs of developers building websites and SaaS applications with modern web tools, the file uploading widget provides an efficient and reliable way to integrate scalable and secure file uploads into any project.

“At Uploadcare, we understand that developers need a turnkey file-uploading solution to focus on what matters most: building great products,” said Igor Debatur, CEO of Uploadcare.

Uploadcare File Uploader sets itself apart with a range of key benefits to streamline the development process and enhance the end-user experience:

Easy Integration & Hassle-Free Maintenance: Quickly integrate into any tech stack with the plug-and-play solution that provides code snippets and instructions and ensures stable uploads without ongoing maintenance.Robust Security: Automatically detect inappropriate content and infected files, upholding regulatory compliance and brand integrity. Prevent unauthorized file uploads with signed uploads.Multiple Upload Sources: Support file uploads from up to 14 sources, including popular platforms like Google Drive, Dropbox, Instagram, and more.Built-in Image Editor: Empower users to edit images before upload, including options like cropping, resizing and applying filters.Advanced Accessibility: Maximize customer reach by adopting the interface with out-of-the-box A11Y accessibility options.

“At Uploadcare, we understand that developers need a turnkey file-uploading solution to focus on what matters most: building great products,” said Igor Debatur, CEO of Uploadcare. “Our new file uploader not only speeds up time-to-market but also eliminates the headaches associated with maintaining and securing file uploads, allowing developers to concentrate on their core product.”

To learn more about the latest features of the Uploadcare File Uploader, register for a live webinar on Oct. 10 at 11 a.m. EDT / 5 p.m. CET. Attendees can view a live demonstration, have their questions answered and will automatically be entered in a raffle for a Keychron Q3 Max mechanical keyboard.

For an Uploadcare File Uploader 14-day free trial, visit uploadcare.com/uploader1. To learn about Uploadcare’s offerings, visit uploadcare.com.

About Uploadcare

Uploadcare is a leading file management platform and content delivery network, enabling developers around the world to upload, manage, process, render, optimize and deliver digital content for applications and websites via a powerful suite of APIs. The developer-oriented platform was founded in 2011 by tech enthusiasts experienced in web development and image processing that encountered problems with uploading and file management, who decided to create an all-in-one solution that worked at scale. 13 years later, Uploadcare has grown rapidly, garnering clients like PandaDoc, Buffer, UserTesting, Zapier and more. To learn more about Uploadcare, visit uploadcare.com.

Media Contact

Lilly Carrion, Uploadcare, 1 9546008860, lilly@palmerpublic.com, https://uploadcare.com/

View original content to download multimedia:https://www.prweb.com/releases/uploadcare-unveils-new-file-uploading-widget-uploadcare-file-uploader-v1-302257216.html

SOURCE Uploadcare

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Washington Tech Workforce Coalition Forms to Meet the Need for Diverse, Highly Skilled Candidates for In-Demand Tech Jobs

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Industry leaders, educators and community organizations invited to join this important initiative 

SEATTLE, Sept. 24, 2024 /PRNewswire/ — The Washington Tech Workforce Coalition (WTWC) proudly announces its launch, marking a significant step toward addressing the growing demand for technology roles across multiple industries. The Coalition will hold its first convening on Oct. 29, 2024 from 2-7pm at the AWS Skills Center in Seattle.  

The Coalition focuses on creating opportunities for underserved and underrepresented populations while fostering a collaborative space where industry leaders, educators, training partners, community partners, and government agencies work together to meet workforce demands and facilitate job placements. The Coalition’s new website, watechcoalition.org, is the hub of this network where partners can join the Coalition, sign up for committees, read updates, find best practices and track outcomes.  

Vision
The Washington Tech Workforce Coalition envisions an enduring ecosystem designed to bridge workforce gaps and advance workers’ skills in Cybersecurity, Data Analytics, IT & Cloud Computing, and Software Development. 

Key responsibilities include: 

Developing a talent pipeline responsive to industry needs.Closing the skills gap by creating technical and professional skills development programs.Connecting high-quality candidates with internships and full-time jobs to meet employer needs.Building relationships and credibility with workforce system stakeholders.

The Coalition is supported by industry experts AWS and Accenture, led by Computing for All, in collaboration with the Washington Technology Industry Association (WTIA), and committed employers throughout Washington State. These members form the core of the Industry Advisory Committee. 

Coalition Partners
The Washington Tech Workforce Coalition includes a network of fourteen placement providers and subrecipients that will help launch 1,000 careers in technology roles by October 2025.  

Placement Providers will offer various services, including community and employer engagement, candidate training, support, and job placement. Placement Providers include Ada Developers Academy, CodeDay, Per Scholas, PNW Cyber Challenge Games, Riipen and North Seattle College, Saint Martin’s University (Washington Vets2Tech), and Year Up. 

These placement providers join the Coalition’s subrecipients (below) involved in strategic efforts to develop outreach and alignment with underserved communities, education, and employers.  Subrecipients include Career Connect Southwest STEM Regional Network, Center of Excellence for Information & Computing Technology (COEICT), Evergreen Goodwill, King Pierce Regional Network / Washington Alliance for Better Schools (WABS), North Central Regional Network, Seattle Jobs Initiative (SJI), and Washington Technology Industry Association (WTIA).  

Collectively, these grant partners build and expand training programs and job placement pipelines across the state. 

Structure
Initial funding for the Coalition is from the US Department of Commerce Good Jobs Challenge grant.  Implementation is through the Washington Jobs Initiative managed by Washington Student Achievement Council (WSAC). Computing for All, a 501(c)(3) technology education nonprofit organization manages the Coalition, building alignment among community, education, and industry partners to align training and job opportunities while uniting and lifting our local economies.   
The launch of the Coalition underscores all the members’ dedication to leveraging resources, applying best practices, and fostering a shared vision for talent development in technology.  

For more information on the Coalition and to learn how to get involved, visit watechcoalition.org

CONTACT: press@watechcoalition.org

View original content:https://www.prnewswire.com/news-releases/washington-tech-workforce-coalition-forms-to-meet-the-need-for-diverse-highly-skilled-candidates-for-in-demand-tech-jobs-302257526.html

SOURCE Computing for All

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WCG Improves Clinical Trial Adjudication with Enhanced AIMS Solution

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PRINCETON, N.J., Sept. 24, 2024 /PRNewswire/ — WCG, the global leader in providing solutions that measurably improve and accelerate clinical research, is excited to announce the latest advancement in the WCG ClinSphere™ platform with the addition of an interactive adjudication model in its Adjudication Information Management System (AIMS®) solution. Specifically designed to simplify and streamline the adjudication process for clinical trials, AIMS improves efficiency, compliance, and data accuracy.

The new interactive adjudication model feature allows adjudication committee members to review all relevant clinical data for a subject within a single interactive screen, making review of lengthy subject data listings a thing of the past. Initially developed for use for adjudication within complex multiple myeloma trials, this application is now optimized for use across any therapeutic area and trial design. It is poised to become the new industry standard for clinical trial adjudication, addressing the growing complexity and volume of trials requiring expert adjudication.

“We are thrilled to offer a solution that not only improves operational efficiency but also ensures accuracy and compliance for clinical trial adjudication,” said Mark McDonald, president, Review Solutions at WCG. “AIMS empowers clinical teams to navigate the adjudication process with ease, allowing for faster decision-making and better trial outcomes.”

Key Features of the Enhancements to WCG’s AIMS Solution:

Interactive Data Review (IDR): A new user interface providing an interactive and intuitive view of clinical trial data across a subject, including automatic data change flags, resulting in increased clarity for adjudicators.

Multi-Record Per Case Adjudication: Review multiple records or data points simultaneously to streamline decision-making and reduce human error.

Real-Time Reporting and Insights: Access real-time reports, ensuring up-to-date adjudication oversight and informed decision-making.

21 CFR Part 11 Compliance: Ensure regulatory compliance with a comprehensive audit trail and built-in validation.

Built-In DICOM Imaging Viewer & Redaction Tools: Facilitate secure and efficient review of medical images and sensitive trial data.

“We recognize the unique challenges sponsors face to meet the adjudication needs of increasingly complex clinical trials,” added McDonald. “AIMS enhances not only the quality of adjudication but also the satisfaction of all stakeholders involved in the trial process.”

To learn more about AIMS, visit https://www.wcgclinical.com/technologies/aims/.

About WCG

WCG is a global leader of solutions that measurably improve and accelerate clinical research. Biopharmaceutical and medical device companies, contract research organizations (CROs), research institutions, and sites partner with us for our unmatched expertise, data intelligence, and purpose-built technology to make informed decisions and optimize study outcomes, while maintaining the highest standards of human participant protection. WCG raises the bar by pioneering new concepts, reimagining processes, fostering compliance and safety, and empowering those who perform clinical trials to accelerate the delivery of medical therapies and devices that improve lives. For more information, please visit wcgclinical.com or follow us on LinkedIn or X @WCGClinical.

View original content to download multimedia:https://www.prnewswire.com/news-releases/wcg-improves-clinical-trial-adjudication-with-enhanced-aims-solution-302257525.html

SOURCE WCG

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