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Table22 Closes $11M Series A to Power Food and Beverage Merchants’ E-Commerce Growth

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Funding round led by Lightspeed Venture Partners will enable Table22 to expand its commerce platform and drive continued merchant partner growth

NEW YORK, Oct. 29, 2024 /PRNewswire/ — Today, Table22, a leading provider of revenue-expanding e-commerce tools for merchants in America’s more than $1 trillion food and beverage industry, announced an $11 million Series A funding round to expand its platform and customer network. The round was led by Lightspeed Venture Partners, with participation from institutional investors Footwork, Forerunner Ventures, and Alt Capital, among others, as well as individual participants including founders of and leaders from category-leading companies like Square, BentoBox, and SevenRooms.

This funding comes on the heels of Table22’s 3x year-over-year growth; its ongoing 99% monthly retention of core merchant customers; and its expanding suite of commerce, fulfillment, and marketing tools used by independent restaurants, grocers, butchers, beverage retailers, coffee shops, bakeries, breweries, and cheesemongers across 38 U.S. states.

“At Table22, we believe that food & beverage businesses have the opportunity to serve their customers in a wide variety of compelling — and profitable — new ways,” said Sam Bernstein, Table22 Founder & CEO. “Our platform represents an entirely new selling paradigm for this essential, beloved industry — one that helps owners to ‘expand the pie’ with untapped revenue and offering categories; to transform the productive capacity of cost centers like prep shifts and off hours; and to drive more loyalty and brand affinity with their customers. We are thrilled to partner with Lightspeed on this round, and look forward to continuing to invest behind the success of our growing base of merchant partners around the U.S.”

Merchants who use Table22 today routinely generate six figures or more of new, high-margin revenue for their businesses through innovative consumer offerings like subscriptions, retail packages, and branded CPG products that are enabled by the company’s platform.

“Table22 is a rare win-win-win for the restaurant, the guest, and the platform,” said Aaron Silverman, Founder of Washington, D.C’s award-winning Rose’s Restaurant Group and Extra Fancy Catering & Events. “Since we began working with Table22 in 2021, the platform has enabled us to drive seven figures of new sales across subscriptions and retail e-commerce, while helping us nurture our guest relationships and extend our brand beyond our four walls.”

“Americans are spending more on out-of-home food than before the pandemic, but paradoxically it’s never been harder for restaurants to earn a profit. Table22 is growing the pie for all constituents in the food and beverage ecosystem by enabling merchants to tap into new sources of profitable growth,” said Alex Taussig, partner at Lightspeed Venture Partners. “When we spoke to owners of food and beverage establishments, several told us that partnering with Table22 was like adding an extra week of revenue each month to the operating calendar. That kind of immediate and impactful customer experience, paired with Table22’s best-in-class retention and customer economics, led us to partner with Sam and the Table22 team.”

Table22 was founded in 2020 to provide a new path forward for revenue and margin expansion for America’s ~500k independent food and beverage merchants. The company’s mission is to empower every food and beverage business owner to thrive economically, delight customers, and fulfill their creative purpose.

About Table22
Table22 unlocks incremental, high-margin revenue for America’s restaurants and F&B retailers, allowing them to expand profits and tap >$1 trillion of unmet demand each year. The company provides innovative e-commerce, fulfillment, and marketing tools for a variety of merchants across the U.S. restaurant, grocery, and F&B retail sectors — with a mission to help independent F&B businesses thrive and grow. The company was founded in 2020 and is based in New York City, with backing from leading investors such as Lightspeed Venture Partners, Footwork, Forerunner Ventures, and more. www.table22.com

About Lightspeed
Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally including Affirm, Carta, Cato Networks, Epic Games, Faire, Forty Seven, Guardant Health, Mulesoft, Navan, Netskope, Nutanix, Rubrik, Sharechat, Snap, Udaan, Ultima Genomics and more. Lightspeed and its global team currently manage $25B in AUM across the Lightspeed platform, with investment professionals and advisors in the U.S., Europe, India, Israel, and Southeast Asia. www.lsvp.com

 

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SOURCE Table22

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AXM Wins 2024 Vega Digital Award for Best Use of AI & Machine Learning with “The Power of Agile Mix Modeling™ and AI-Driven Insights”

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October 30, 2024

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The top honor highlights AXM’s innovative AI-driven media measurement

SAN FRANCISCO, Oct. 30, 2024 /PRNewswire/ — AXM (Ars x Machina), formerly known as Media Matters Worldwide, proudly announces its 2024 Vega Digital Award win for Best Use of AI & Machine Learning. The winning entry, titled The Power of Agile Mix Modeling™ and AI-Driven Insights, demonstrates AXM’s commitment to pioneering innovative media solutions at the convergence of technology and human ingenuity.

This award comes on the heels of AXM’s recent rebrand, a transformation designed to emphasize the company’s evolved focus on architecting data-driven media solutions that harness cutting-edge technology to deliver impactful, measurable outcomes for clients. AXM’s reimagined identity, rooted in the synergy between ‘Ars’ (art) and ‘Machina’ (machine), embodies its mission to combine human expertise with advanced AI capabilities to elevate the effectiveness of marketing campaigns.

“Our rebrand to AXM represents a shift towards a more dynamic and technology-driven approach to media,” said Sara Owens, Senior Vice President of Analytics and Data Science at AXM. “This award win is a testament to our commitment to harnessing AI and machine learning in ways that truly revolutionize media measurement. Agile Mix Modeling™ (AMM) exemplifies this vision, offering clients adaptive, real-time insights that go beyond traditional media evaluation methods.”

AMM is AXM’s latest proprietary technology, addressing the persistent challenges in media measurement that have consistently plagued the industry, such as cookie deprecation, privacy regulations, and the limitations imposed by walled gardens. Leveraging AI-powered Bayesian methods and historical time series data, AMM provides a comprehensive, near real-time approach to assessing media impact across the entire marketing funnel.

AMM’s capabilities include in-flight campaign optimization, detailed sales attribution, forecasting, and scenario planning, all designed to maximize ROI and media effectiveness. By automating data collection and providing rapid weekly insights, AMM outperforms traditional models that often rely on quarterly data, offering marketers the flexibility and precision they need to succeed.

Currently, AMM is in beta testing with Sierra Nevada Brewing, showcasing its ability to adapt and evolve with the complexities of the modern marketing landscape. Leading the development of AMM is Sara Owens, whose 20+ years of experience in analytics and data science ensures continuous innovation and refinement of the platform.

For more information about AXM and its suite of services, visit WeAreAXM.com

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SOURCE Media Matters Worldwide

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The SalesRabbit Platform Introduces Native Solar Design Tool to Create a Fully Streamlined Solar Sales Process

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October 30, 2024

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LEHI, Utah, Oct. 30, 2024 /PRNewswire/ — SalesRabbit, the leader in field sales software, announces the launch of its native Solar Design tool, a new addition to the SalesRabbit platform. This tool aims to further streamline the solar sales process by allowing solar sales teams to fully design and present solar proposals within the SalesRabbit ecosystem. By incorporating this tool with SalesRabbit’s existing Solar Proposals capability, the field sales management platform now offers a complete solution for rooftop sales and solar teams, enabling reps to manage the entire sales process from start to finish within a single piece of software—SalesRabbit.

SalesRabbit Solar Design allows solar sales teams to fully design and present solar proposals from start to finish.

The new Solar Design tool simplifies the process of creating solar designs. With a focus on speed and accuracy, sales reps can generate roof-ready solar designs in minutes.

“We’re changing the industry by helping sales reps design a complete solar system for homeowners within minutes,” said Rachelle Van Wagoner, Principal Product Manager at SalesRabbit. “This allows reps to get buy-in and show real numbers on the spot.”

The company’s focus remains on delivering practical solutions that allow field sales professionals to be more responsive and effective in their interactions with prospects.

For more information on the new Solar Design tool, visit salesrabbit.com/design or contact the SalesRabbit team to schedule a demo.

About SalesRabbit

SalesRabbit is the only all-in-one field sales management platform, used by 85 thousand salespeople daily. The SalesRabbit platform has evolved for more than a decade to include everything a field sales team needs to succeed, from DataGrid AI buyer scores and territory management to gamification and solar proposals. With SalesRabbit, sales teams discover they can save money by consolidating several single-point software solutions into one easy-to-use platform with industry-leading support.

Ben Nettesheim
Chief Marketing Officer
contact@salesrabbit.com

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SOURCE SalesRabbit

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HiddenLayer Recognized as a Gartner Cool Vendor for AI Security in 2024

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October 30, 2024

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AUSTIN, Texas, Oct. 30, 2024 /PRNewswire/ — HiddenLayer, a leader in security for AI solutions, is honored to be recognized as a Cool Vendor for AI Security in Gartner’s 2024 report. This prestigious distinction highlights HiddenLayer’s innovative approaches to safeguarding artificial intelligence models, data, and workflows against a rapidly evolving threat landscape.

HiddenLayer’s proactive solutions ensure organizations can rely on comprehensive and resilient AI systems in an era of accelerated AI adoption. Gartner’s recognition underscores the company’s expertise and leadership in the AI security space, setting a benchmark for the industry as enterprises increasingly turn to cutting-edge solutions to protect sensitive AI systems and data.

“Being named a Gartner Cool Vendor for AI Security validates our vision and the critical work our team has undertaken to provide organizations with sophisticated tools that address real-world AI threats,” said Chris Sestito, CEO of HiddenLayer. “This acknowledgment strengthens our commitment to staying ahead of adversarial attacks and ensuring safe AI deployment for our clients and partners.”

HiddenLayer’s innovative solutions encompass capabilities tailored to address unique security challenges in machine learning and artificial intelligence. By focusing on AI integrity and model protection, HiddenLayer empowers businesses to fortify their AI assets without compromising on performance or innovation.

The Cool Vendor recognition reinforces HiddenLayer’s momentum as a leader in AI security, following recent achievements such as receiving the SINET16 Innovators award and being recognized as an AI Standout at the A-List Austin awards. These honors reflect HiddenLayer’s continued dedication to advancing AI security standards and ensuring secure AI adoption on a global scale.

For organizations looking to safeguard their AI models and tools, HiddenLayer offers an unparalleled solution grounded in resilience and adaptability to modern security demands.

About HiddenLayer
HiddenLayer is the leading provider of Security for AI. Its security platform helps enterprises safeguard the machine learning models behind their most important products. HiddenLayer is the only company to offer turnkey security for AI that does not add unnecessary complexity to models and does not require access to raw data and algorithms. Founded by a team with deep roots in security and ML, HiddenLayer aims to protect enterprise AI from inference, bypass, extraction attacks, and model theft. The company is backed by a group of strategic investors, including M12, Microsoft’s Venture Fund, Moore Strategic Ventures, Booz Allen Ventures, IBM Ventures, and Capital One Ventures.

Contact
Maia Gryskiewicz
SutherlandGold for HiddenLayer
hiddenlayer@sutherlandgold.com

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SOURCE HiddenLayer

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