Connect with us

Technology

Gloo Secures $110 Million Strategic Growth Investment

Published

2 months ago

on

New funding allows Gloo to accelerate platform development and AI advancement while expanding focus to include Gloo Ventures.

BOULDER, Colo., July 31, 2024 /PRNewswire/ — Gloo, the leading technology platform dedicated to connecting the faith ecosystem and releasing its collective might, announced the completion of a $110 million financing. The new financing will accelerate development of the Gloo platform—which includes free and premium ministry tools and marketplace offerings—while funneling new investment capital toward ministry-based technology, products, and services.

“So often faith-aligned capital leaves the faith ecosystem,” said Scott Beck, Gloo CEO and co-founder. “That means ministries that need the goods, services, and capital to fuel their growth don’t have access to essential resources. Our goal with this investment round, funded by 100% mission-aligned investors, is to reinvest the capital back into the ecosystem in the form of capital investments and continued development of our growing platform that connects the faith community at scale.”

The investment aligns with plans to expand the Discover marketplace on Gloo, which offers the faith community a comprehensive range of free and premium products and services that meet the specific and ongoing needs of ministry leaders.

“Gloo is accelerating our investment in marketplace motions to create uniquely curated experiences tailored to the faith ecosystem,” said John Fowle, chief financial officer at Gloo. “Investing in a marketplace is not just about enhancing our platform; it’s about empowering our users with the tools and resources they need to make a positive impact in their communities.”

The company is planning further investments to accelerate AI specifically tailored to the faith ecosystem. With a potential AI market size reaching into the trillions within the next decade, Gloo recognizes the growing need faith leaders will have to leverage the technology responsibly. Through its AI & the Church Initiative, upcoming AI hackathon, and other ventures, Gloo has become a leading voice in responsible and innovative use of AI for the faith ecosystem.

Earlier this year, Gloo launched a new division, Gloo Ventures, focused on investments in and acquisitions of organizations that bring value to the faith community. The division will include investments in AI-based tools to help church leaders responsibly leverage the technology.

“It’s clear to us that the faith community is seeking greater connection,” said Beck. “The Gloo platform is already enabling those connections in a variety of ways including enabling over 25MM text-based ministry interactions, connecting over 400K people in need to local ministries and resources, and enabling the exchange of value between thousands of ministry equipping partners and over 70K Gloo churches. No single person, ministry, or church could do this on their own. We’re seeing silos breaking down and collective might at work.”

Gloo closed the latest funding round in the first half of 2024, which included investments from a diverse group of mission-aligned partners including a leading partner in small group content, a major global child development ministry, a major denominational provider of financial services and one of the largest providers of church building and development loans. The approach aligns with Beck’s long-term vision that mission-aligned partners, and ultimately the big C Church, would be significant owners in the platform.

“We choose our investors carefully,” Beck said. “Finding close missional alignment, driving great financial outcomes, and guarding against mission drift are key drivers for us. Ultimately, our commitment is to connect the faith community, so every ministry can achieve its mission,” said Beck, “We’re committed. We’re resourced. And we’ve never been in a better position to achieve this goal.”

Gloo is the trusted tech platform that releases the collective might of the faith ecosystem. Gloo connects ministry leaders to resources, people, data and insights and funding so their people and communities flourish and their organizations thrive. Gloo does this with the highest standards of trust and scalable economic models. Gloo serves over 70,000 churches and over 1,000 resource partners.

View original content to download multimedia:https://www.prnewswire.com/news-releases/gloo-secures-110-million-strategic-growth-investment-302211219.html

SOURCE Gloo

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Dana-Farber Cancer Institute Partners with Clinical.ly to Enhance Regulatory Operations with eReg Solutions

Published

31 mins ago

on

September 19, 2024

By

NEW YORK, Sept. 19, 2024 /PRNewswire/ — The Dana-Farber Cancer Institute, a world leader in cancer treatment and research, chose Clinical.ly’s (www.clinical.ly) Research Suite™ to streamline regulatory operations, marking a significant step toward more efficient and compliant clinical trial management. Dana-Farber joins a growing number of research organizations that leverage Clinical.ly’s innovative solutions to streamline clinical trial processes. Clinical.ly’s eReg platform offers a comprehensive, paperless solution that centralizes regulatory workflows, ensuring compliance and transparency across clinical trials.

“We are thrilled to support Dana-Farber’s clinical research operations,” said Henry Kravchenko, Clinical.ly’s CEO.

This partnership continues Clinical.ly’s success in providing best-in-class enterprise tools for conducting clinical research. “We are thrilled to support Dana-Farber’s clinical research operations,” said Henry Kravchenko, Clinical.ly’s CEO. “Our eReg platform and wider set of features in Clinical.ly Research Suite™ will empower that renowned organization, and we all look forward to supporting their teams.”

About Clinical.ly Research Suite™ 

Clinical.ly Research Suite™ is a comprehensive solution that eliminates traditional, paper-based processes. By automating and centralizing essential workflows in the Clinical.ly Research Suite™, organizations achieve huge efficiency improvements, greater trial oversight, document management, and regulatory compliance. The Clinical.ly Research Suite™ includes:

eReg: A best-in-class electronic regulatory bindereSource: An intuitive & feature-rich, paperless data capture solution that streamlines data collection from trial participantseConsent: A fully digital solution for capturing informed consent, improving participant engagement and site complianceClinicallySign: 21 CFR Part 11 compliant eSignature functionalityClinicallyPay: A secure and instantaneous participant stipend payment and reimbursement solution

About Dana-Farber Cancer Institute

Founded in 1947, Dana-Farber Cancer Institute is committed to providing adults and children with the best treatment available today while developing tomorrow’s cures through cutting-edge research. Based in Boston, Dana-Farber is a teaching affiliate of Harvard Medical School and ranks consistently as one of the top cancer hospitals in the world.

About Clinical.ly

Clinical.ly provides differentiated, cloud-native technology solutions to the clinical research industry, enabling research organizations to conduct studies with greater efficiency and ease. Clinical.ly is dedicated to developing technology that eliminates tedious manual labor, allowing clinical research professionals to focus on patient care.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dana-farber-cancer-institute-partners-with-clinically-to-enhance-regulatory-operations-with-ereg-solutions-302253690.html

SOURCE Clinical.ly

Continue Reading

Technology

Fall Into Creativity with the Monport Laser Fall Sale

Published

31 mins ago

on

September 19, 2024

By

NEW YORK, Sept. 19, 2024 /PRNewswire/ — Experience laser innovation this Fall with Monport Laser, an industry frontrunner in laser engraving and cutting technology, with an exclusive Fall Sale offering incredible discounts and free accessories on a wide range of high-performance laser engraving machines. From September 19th to September 30th, customers can take advantage of this limited-time opportunity to elevate their laser engraving businesses with cutting-edge laser innovation at unbeatable prices.

Monport Laser has been dedicated to providing innovative and reliable laser machines that empower businesses and individuals to achieve their goals. With a focus on quality, precision, and customer satisfaction, Monport Laser has established itself as a trusted leader in the industry. Their commitment to excellence is evident in every laser they produce, ensuring exceptional performance, reliability, and value.

Embrace the Power of CO2 Laser Technology with Exclusive Offers

Monport Laser will offer two free accessories with selected CO2 laser machines during the Monport Fall sale. These versatile lasers are ideal for various applications, including engraving, cutting, and marking wood, acrylic, leather, and more. By taking advantage of this Fall sale, laser engraving businesses can enhance their productivity and expand their creative possibilities.

Experience Unmatched Value with Fiber Laser Discounts

Monport Laser offers substantial discounts of up to $4200 and 3 free accessories on selected models for those seeking the precision and speed of fiber laser technology. Fiber lasers are renowned for their ability to process metals with exceptional efficiency and accuracy, making them indispensable for metal fabrication, manufacturing, and jewelry production. Additionally, customers purchasing fiber lasers during the Fall sale will receive three free accessories, further sweetening the deal.

Elevate Your Desktop Laser Experience with a Free Water Chiller

Monport Laser is committed to providing comprehensive solutions for businesses of all sizes. As part of the Fall sale, customers who purchase the 40W Desktop laser will receive a Free Water Chiller Cw3000. This essential accessory ensures optimal cooling and performance, prolonging the lifespan of the laser and guaranteeing consistent results.

Discover Additional Savings on a Wide Range of Accessories

Monport Laser offers an additional 20% discount on selected accessories to complete your laser setup. From lenses and nozzles to rotary tables and smoke extraction systems, customers can find everything they need to maximize the potential of their laser machines.

Unleash Your Creativity and Productivity

Monport Laser’s Fall sale is the perfect opportunity to invest in laser technology that empowers your business or fuels your creative passions. With exceptional discounts and free accessories, you can acquire the ideal laser solution to meet your needs and budget.

Whether you’re an entrepreneur, artist, or manufacturer, Monport Laser’s advanced laser machines offer unparalleled precision, versatility, and reliability. Take advantage of this limited-time Fall sale and unlock your projects’ full potential for laser innovation.

About Monport Laser

Monport Laser is a global leader in designing, manufacturing, and distributing high-quality laser machines and accessories. With a commitment to innovation and customer satisfaction, Monport Laser provides cutting-edge solutions for various industries, including manufacturing, engraving, marking, and more.

For more information, visit monportlaser.com and follow them on social media for the latest updates.

Website: https://www.monportlaser.com/

 

 

 

View original content:https://www.prnewswire.com/news-releases/fall-into-creativity-with-the-monport-laser-fall-sale-302253699.html

SOURCE Monport Laser

Continue Reading

Technology

MEDIA ADVISORY – Minister Wilkinson to Make a Critical Minerals Infrastructure Announcement

Published

31 mins ago

on

September 19, 2024

By

VANCOUVER, BC, Sept. 19, 2024 /CNW/ – The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, and Ranj Pillai, the Premier of Yukon, will make a funding announcement in support of critical minerals infrastructure projects. A media availability will follow.

Date: September 20, 2024

Time: 10:30 a.m. PT

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca. A dial-in line is available for media and will be provided upon registration.

Follow us on LinkedIn

SOURCE Natural Resources Canada

Continue Reading

Trending