Technology

Cloverleaf AI Raises $2.8 Million in Seed Funding, Launches Transformative Solutions for Government Contracting

Published

2 weeks ago

November 7, 2024

New capital will expand already-robust platform used by companies like Airbnb, Holland & Knight, and Waste Management to uncover qualified government leads before anyone else

DENVER, Nov. 7, 2024 /PRNewswire/ — Cloverleaf AI, a leader in innovative solutions for government contractors, today announced it raised $2.8 million in a seed funding round led by Jackson Square Ventures, with participation from First Mile, TechStars, and Legal Tech Fund. The company also unveiled two new products: Vocal Fingerprinting, which monitors and reports government officials’ positions from each public meeting they take and the Opportunity Database, a fully searchable index that captures more than 100,000 monthly government opportunities before they even reach the RFP stage.

“At Cloverleaf AI, our mission is to seamlessly bridge the gap between people and data. With this new financing, we are well-positioned to continue delivering the tools that give our clients a massive competitive edge,” said Adam Zucker, co-founder and CEO, Cloverleaf AI. “We look forward to working alongside our new partners as we maintain the bootstrapping mentality that’s fueled creativity and efficiency in our operations since we were founded.”

Cloverleaf AI provides transparency into every government meeting so organizations and government contractors can better understand opportunities, policy, and their reputations. The platform alerts government contractors the moment a project is discussed—whether it’s a new stadium or road being built, EV infrastructure, school safety measures, or any other government project—right from the first meeting. This gives contractors the chance to be the first to know, start building relationships with decision-makers early, and vastly increase their opportunity for success.

“Cloverleaf AI consistently delivers qualified opportunities for their customers before anyone else. These new products will drive meaningful impact for organizations looking to optimize how they source revenue-driving opportunities,” said Pete Solvik, co-founder and managing director, Jackson Square Ventures. “With an ARR retention rate that exceeds 120 percent, it’s clear customers are not just finding value in the product, but its prominence within their organizations is growing year-over-year. That’s a great signal of an innovative product finding market fit.”

Vocal Fingerprinting, Cloverleaf AI’s vocal fingerprinting technology, provides government contractors and public sector professionals with the ability to monitor and report upon how officials’ positions evolve over time, offering deep insights to inform tailored outreach and building stronger relationships with legislators. The tool ensures users can reduce risks by avoiding partnerships with officials who have a history of obstructing progress on key issues, making it a game-changing innovation for government contractors, and public sector professionals alike. Other key features include:

Track Record Transparency: See how officials’ stances shift over time, offering clarity for better alignment.Data-Driven Influence: Tailor outreach based on officials’ collaboration history.Early Opportunity Detection: Identify officials whose track record indicates growing support for your initiatives.

Cloverleaf AI’s Opportunity Database delivers access to over 100,000 new government sales opportunities each month. Organizations and government contractors can find local, state, and federal opportunities in a singular, real-time database, offering the most comprehensive view available of opportunities for them to pursue.

“Cloverleaf AI is instrumental in gaining new contracts and saving existing contracts,” said Steve Berry, Director of Municipal Sales, Waste Connections. “To us, that means millions of dollars.”

Cloverleaf AI was recently selected for Google for Startups AI Academy for American Infrastructure, a highly competitive program designed to support high-potential startups using AI to improve public works and foundational systems across the United States.

To learn more about Cloverleaf AI, its solutions, and/or to request a demo, visit www.cloverleaf.ai/.

About Cloverleaf AI
Businesses trust Cloverleaf AI to fill their pipelines with high-quality government leads, connecting them directly to the decision-makers they need to reach. Simply tell us what you offer, and we’ll link you with government buyers looking for solutions like yours. Our service delivers timely insights, giving you a head start on the competition. We’re confident in our process, guaranteeing at least two qualified government leads in your inbox every week. To learn more, visit www.cloverleaf.ai/. and follow us on LinkedIn and other social channels.

Media Contact : eric@cloverleaf.ai

View original content:https://www.prnewswire.com/news-releases/cloverleaf-ai-raises-2-8-million-in-seed-funding-launches-transformative-solutions-for-government-contracting-302298482.html

SOURCE Cloverleaf AI

Technology

Max Stock Limited Announces Change in Shares Held by an Interested Party

Published

40 minutes ago

November 24, 2024

CAESAREA, Israel, Nov. 24, 2024 /PRNewswire/ — Max Stock Limited (TASE: MAXO(; )the “Company”, “Max Stock“) today announced that on November 20th, 2024, Phoenix Financial Ltd. and Phoenix Investment House Ltd. (“Phoenix reporting group”), including their respective nostro account, provident funds and provident fund management companies, as well as mutual fund management companies and market maker sub entities, informed the Company that they had sold shares of the Company thereby lowering their joint holdings to 4.8% of the Company’s issued capital (4.15% and 0.65% respectively). As a result, Phoenix reporting group will no longer be an interested party in the Company.

This is an English translation of segments of a Hebrew immediate report that was published on November 24, 2024 (Ref. No: 2024-01-618032) (hereinafter: the “Hebrew Version”). This English version is only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max Stock

Max Stock is Israel’s leading extreme value retailer, currently present in 64 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers’ everyday needs at affordable prices, helping customers “Dream Big, Pay Small”. For more information, please visit https://ir.maxstock.co.il

Company Contacts:

Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il

View original content:https://www.prnewswire.com/news-releases/max-stock-limited-announces-change-in-shares-held-by-an-interested-party-302314811.html

SOURCE Max Stock Limited

Technology

Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

Published

5 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

SOURCE Wahed

Technology

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

Published

5 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

For more information, visit: www.wahed.com

Photo – https://mma.prnewswire.com/media/2566076/Wahed_MENA_Khalid_Al_Jassim.jpg

View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html