Technology

Barn2Door Secures Growth Funding From Decathlon Capital Partners

Published

6 months ago

June 27, 2024

Software company utilizes a flexible, revenue-based funding package to support growth and expansion without dilution

NASHVILLE, Tenn., June 27, 2024 /PRNewswire-PRWeb/ — Barn2Door,Inc. a rapidly-growing software company focused on helping farmers sell direct to market, has landed a significant investment from Decathlon Capital Partners. Details of the revenue-based funding transaction were not disclosed.

“We’re looking forward to working with Decathlon, as we know their team understands our goal to make selling direct-to-market a breeze for our current farmer partners, in addition to the many to come.” – James Maiocco, Barn2Door COO

Headquartered in Nashville, Barn2Door will use the funding to expand its investment in new platform functionality and expand its go-to-market and customer service functions. Barn2Door is an all-in-one business solution platform that allows farmers to promote their own brand, sell online or in-person, and save time managing their business.

Janelle Maiocco, Chief Executive Officer of Barn2Door, said Barn2Door aims to make accessing Farm products as easy as possible for buyers. “Our solution enables farmers to sell anytime, anywhere, and to anyone, whether they be wholesale or retail purchasers,” Maiocco said. “We want farmers to build a thriving business. We offer software and services to help Farmers grow their brand, and develop go-to-market strategies informed by best practices and data insights captured from millions of buyers.”

James Maiocco, Chief Operating Officer of Barn2Door, said Barn2Door will repay its investment from Decathlon Capital Partners through its future revenues, thanks to the dilution-free funding package. “We’re looking forward to working with Decathlon, as we know their team understands our goal to make selling direct-to-market a breeze for our current farmer partners, in addition to the many to come,” Maiocco said.

John Borchers, Managing Director of Decathlon Capital Partners, said Decathlon looks forward to supporting Barn2Door as the company continues to grow. “Barn2Door is already serving thousands of farms throughout the United States,” Borchers said. “Decathlon can’t wait to watch the growth trajectory of their software platform as more farmers will take advantage of this easy-to-use solution.”

About Barn2Door
Barn2Door offers software for Independent Farmers to create and promote their brand, sell online and in-person, and save time managing their business. Built for Farmers, Barn2Door enables Farmers to make their products available across all channels and simplify order management. Serving 1000’s of Farms across all 50 States, Barn2Door has become the largest vertical commerce solution exclusively serving Farmers. With data insights gathered across millions of orders, Barn2Door continues to debut innovations to help Farmers increase sales, attract more buyers, and save time. Learn more at https://www.barn2door.com/.

About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at http://www.decathloncapital.com.

Media Contact

Press, Barn2Door, (206) 787-2220, info@barn2door.com, https://www.barn2door.com/

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SOURCE Barn2Door

Technology

First Resonance Secures Major Investment to Drive Digital Manufacturing with ION Factory OS

Published

59 minutes ago

December 23, 2024

Company Launches ION Marketplace for Application Developers and Integration Partners

LOS ANGELES, Dec. 23, 2024 /PRNewswire/ — First Resonance, a leader in digital manufacturing solutions, announced the successful close of its latest funding round, led by Third Prime, with support from Craft Ventures, Blue Bear Capital, and E12. This investment, which brings total funding raised to $32M, marks a critical step in advancing First Resonance’s ION Factory OS platform, introducing new levels of efficiency, responsiveness, and sustainability to manufacturing. The funding will fuel product development, expand customer support, and launch the ION Marketplace — a dynamic ecosystem for application developers and integration partners to build digital solutions on ION Factory OS.

Customer Success and Industry Traction

First Resonance’s ION Factory OS platform has seen rapid adoption across diverse industries as manufacturers turn to the platform to meet modern production demands with precision and agility. The platform is a critical enabler for leading companies building advanced aircraft, advancing towards FAA certification of electric aircraft; Saronic, innovating autonomous modular boats to support America’s evolving maritime needs; and Radiant Nuclear, designing and certifying micro-nuclear reactors to address defense and civilian energy requirements. First Resonance has also partnered with established firms like Blue Canyon Technologies (RTX Corporation) and several other Fortune 500 companies seeking to elevate their manufacturing capabilities through digital solutions.

“We are proud to partner with pioneering manufacturers to help drive the future of digital manufacturing,” said Karan Talati, CEO of First Resonance. “ION Factory OS is enabling our partners to tackle complex challenges with agility and digital intelligence. Our platform isn’t just technology; it’s a tool for industry resilience, leadership, and transformation to address today’s most critical societal challenges.”

Market Tailwinds and the Imperative for Digital Transformation

The industrial landscape is at a pivotal juncture, with rising labor costs, increasing global competition, and the need for resilience underscoring the importance of digitization. As initiatives like the Inflation Reduction Act (IRA) and U.S. defense procurement priorities prompt a shift towards more agile, adaptable manufacturing, First Resonance is poised to meet these demands with solutions that accelerate automation and increase productivity.

Mr. Talati continued, “When we founded First Resonance in 2019, we anticipated the demand for more responsive, tech-enabled manufacturing. This vision is now a reality, validated by market trends and increasing customer demand across sectors.”

New Investment to Accelerate Digital Manufacturing

This recent funding round, led by Third Prime, reflects growing investor confidence in the future of manufacturing technology and the ION Factory OS platform. With participation from existing investors Craft Ventures and Blue Bear Capital, along with new investors Fortitude, Emerson Ventures, and E12, the investment underscores the venture community’s commitment to innovation in manufacturing and its potential for transformative impact.

“First Resonance’s track record of rapid customer adoption and their forward-thinking approach in launching the ION Marketplace position them as a leader at the forefront of the digital manufacturing revolution. We believe in their vision to bridge traditional manufacturing with cutting-edge technology and their unique market approach in helping companies tackle national security and the energy transition,” said Third Prime General Partner Mike Kim.

The Horizon: Introducing ION Marketplace and AI-Driven Manufacturing Workflows

First Resonance is further expanding its network of integration partners to bring digital solutions to a broader set of manufacturers, connecting the industrial base with the transformative capabilities of ION Factory OS.

With the ION Marketplace, First Resonance is establishing a hub for developers, systems integrators, and software partners to create tailored applications that enhance manufacturing operations. The marketplace will empower manufacturers to customize their digital capabilities, aligning them with specific industry needs and operational goals. Launch partners such as Silkline, Hadrian, and Duro already offer innovative solutions on the ION Factory platform, and the ION Marketplace ecosystem is open to additional developers. Application developers and integration partners are invited to sign up to list their solutions on the ION Marketplace starting today.

“Our initial launch partners and the success our customers are experiencing with their solutions validate our approach in opening up the ION Marketplace to more integration partners, as well as developers who want to build solutions for manufacturers using the data on the ION platform, providing a streamlined UX for the end-customer,” said First Resonance’s Head of Product, Manav Sanghvi.

Additionally, First Resonance is accelerating its development of AI-driven manufacturing workflows, providing customers with proactive, integrated AI capabilities that streamline operations and reduce redundant tasks. Unlike standalone AI models, First Resonance’s approach embeds intelligent automation into day-to-day workflows, enhancing productivity and responsiveness.

“AI for manufacturing goes beyond isolated models—it’s about embedding intelligence into workflows that advance operations seamlessly,” Mr. Talati noted. “With secure, proactive AI workflows, First Resonance is leading the transformation of the manufacturing industry.”

This funding will enable First Resonance to deepen customer support and enhance platform reliability while fueling continued product innovation.

About First Resonance

Founded in 2019, First Resonance is redefining manufacturing for the 21st century with ION Factory OS, a platform that enables global manufacturers to operate with agility, efficiency, and digital intelligence. Supporting over 50 manufacturers globally, the ION Factory OS empowers manufacturers across aviation, defense, energy, and more. With support from its investors and integration partners, First Resonance is committed to shaping the future of manufacturing technology and driving a safer, more sustainable industrial landscape.

For more information and to explore the ION Marketplace, please visit https://www.firstresonance.io/.

For press inquiries please contact: press@firstresonance.io

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SOURCE First Resonance

Technology

Cineverse Launches Verse Karaoke

Published

59 minutes ago

December 23, 2024

First Available on Smart TVs, New Experiential and Interactive Music Service Brings A Fresh Approach to Karaoke at Home

LOS ANGELES, Dec. 23, 2024 /PRNewswire/ — Cineverse (NASDAQ: CNVS), a next-gen entertainment studio, today announces the launch of an innovative, new connected TV app powered by the Company’s industry-leading Matchpoint™ technology – Verse Karaoke. The app caters to fans of all genres of music and is launching first as a free ad-supported video-on-demand (AVOD) app on Smart TVs. The service will also be available on the web at www.versekaraoke.com and additional distribution will be announced in the coming months.

Verse Karaoke is designed to be an interactive, musical experience that brings the fun karaoke experience into living rooms. Verse Karaoke combines the power of a professional Karaoke machine with Matchpoint, Cineverse’s proprietary streaming technology. Verse enhances the traditional karaoke experience by integrating Smart TV functionality and leverages Matchpoint’s robust personalization capabilities for a more engaging and user-friendly experience. While one participant sings, others can seamlessly browse and search the extensive karaoke catalog by scanning a QR code with a smartphone. Additionally, Verse provides access to full song lyrics for all tracks, allowing participants to review and rehearse songs beforehand. The app also features improved song lyric video playback to offer a much more engaging full-screen video experience.

In partnership with Digitrax Entertainment, Inc., a leading producer of music for karaoke, the Verse Karaoke app includes access to decades of fully licensed hit songs in nearly every genre with new songs added weekly.

“Although karaoke apps have been available for decades, nobody has truly optimized the karaoke experience to suit the capabilities of today’s Smart TVs. Music is a popular form of family entertainment, so it was important for to us to improve the home karaoke experience by utilizing the advanced technology available to us,” said Tony Huidor, Chief Operating Officer & Chief Technology Officer of Cineverse. “We have expanded the capabilities of our Matchpoint Blueprint platform to bring an improved karaoke experience to market as we look to redefine how music fans interact with karaoke music in their homes and autos.”

“Having been immersed in the karaoke industry since 1987 and with over 30 years of experience recording karaoke tracks, I can confidently say that Verse Karaoke is the most innovative and exciting development I’ve ever witnessed in the industry,” stated Joe Vangieri CEO of DigiTrax Entertainment.

ABOUT CINEVERSE

On a mission to uplift storytellers and entertain fans with the power of technology, Cineverse (NASDAQ: CNVS) distributes over 71,000 premium films, series, and podcasts. Engaging over 150 million unique monthly users, Cineverse delivers more than one billion minutes of curated content each month – connecting fans with stories that resonate.

With properties like the box office sensation, Terrifier 3, iconic horror destination, Bloody Disgusting, the Bob Ross Channel, women’s entertainment channel Dove, and a leading podcast network, Cineverse is the first stop for audiences seeking authentic and experiential content. From a vibrant lineup of titles and fandom channels, to next-gen advertising offerings and streaming solutions, Cineverse is setting the stage for a new era of entertainment.

For more information, visit home.cineverse.com.

ABOUT DIGITRAX ENTERTAINMENT, INC.

DigiTrax Entertainment is a leading music production company with over 30 years of experience in the industry. Dedicated to delivering high-quality entertainment solutions, the company utilizes advanced technology to enhance singing experiences for audiences worldwide.

Press Contacts:

Cineverse

For Media
The Lippin Group, cineverse@lippingroup.com

For Investors
Julie Milstead, investorrelations@cineverse.com

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SOURCE Cineverse Corp.

Technology

LINDA YACCARINO, CEO OF X CORP, TO KEYNOTE CES 2025

Published

59 minutes ago

December 23, 2024

ARLINGTON, Va., Dec. 23, 2024 /PRNewswire/ — The Consumer Technology Association (CTA)® welcomes Linda Yaccarino, CEO, X Corp, the world’s largest online news and social networking site, as a keynote speaker at CES® 2025. Yaccarino will join Emmy Award-winning investigative journalist Catherine Herridge in a keynote conversation on Tuesday, January 7, at 1:30 PM in the Palazzo Ballroom at the Venetian.

A transformative leader and visionary, Yaccarino is making waves as CEO of X Corp, where she is at the forefront of defining the future of digital communication. Under her leadership, X evolved into a dynamic platform fostering global conversations and innovative solutions for brands, creators, and communities alike.

“X is the global newsroom in your pocket. It’s the only real place for free dialogue between everyone–the public and the powerful,” said Yaccarino. “CES is the perfect place to share how we’re completely reshaping the entire ecosystem.”

“Linda’s career exemplifies the spirit of CES—innovation, resilience, and vision,” said Gary Shapiro, CEO, CTA. “Her leadership and contributions to the media and tech world makes her uniquely suited to inspire and challenge our audience to think boldly about the future.”

“Linda is a trailblazer and her keynote at CES 2025 will undoubtedly spark meaningful conversations about the evolving landscape of content creation, social platforms, and how technology empowers creators and communities to thrive,” said Kinsey Fabrizio, President, CTA.

Catherine Herridge will interview Yaccarino. Herridge, formerly with CBS News, is an independent journalist with a growing audience of more than 850,000 on X. She is a strong advocate for the First Amendment and a free press.

The keynote will be streamed on Live.CES.Tech, X, Facebook, YouTube, and LinkedIn.

X Corp joins Panasonic Holdings, NVIDIA, Accenture, Volvo Group, Delta, and Waymo on the CES 2025 Keynote lineup. Register now for CES 2025. Details and programming available at CES.tech.

About CES®:
CES is the most powerful tech event in the world – the proving ground for breakthrough technologies and global innovators. This is where the world’s biggest brands do business and meet new partners, and the sharpest innovators hit the stage. Owned and produced by the Consumer Technology Association (CTA)®, CES features every aspect of the tech sector. CES 2025 takes place Jan. 7-10, 2025, in Las Vegas. Learn more at CES.tech and follow CES on social.

About Consumer Technology Association (CTA)®:
As North America’s largest technology trade association, CTA is the tech sector. Our members are the world’s leading innovators – from startups to global brands – helping support more than 18 million American jobs. CTA owns and produces CES® – the most powerful tech event in the world. Find us at CTA.tech. Follow us @CTAtech.

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