London’s Startup Ecosystem Sees Major Leap in Global Rankings

London’s Startup Ecosystem Sees Major Leap in Global Rankings




London’s Startup Ecosystem Sees Major Leap in Global Rankings

LONDON, Ontario, May 26, 2025 (GLOBE NEWSWIRE) — London’s thriving startup ecosystem has earned global recognition again. In the newly released Global Startup Ecosystem Index 2025  by StartupBlink, London has climbed an impressive 165 spots globally. Nationally, the city has moved up to the 12th position, overtaking Hamilton (13th), Saint John (14th), Winnipeg (15th), and Fredericton (16th).

This jump in ranking reflects massive momentum in London’s tech and innovation ecosystem, driven by ambitious founders, visionary industry leaders, collaborative public-private partnerships, and sustained support from champions like TechAlliance of Southwestern Ontario. The annual Global Startup Ecosystem Index benchmarks over 1,000 cities worldwide, tracking performance across innovation infrastructure, startup activity, and international competitiveness—offering a vital dashboard for measuring industry health and progress.

“Recognition on this global index is a testament to the ambition of our startup founders and the strength of our innovation economy,” said Christina Fox, Chief Executive Officer at TechAlliance of Southwestern Ontario. “Coupled with London’s position as #4 on CBRE’s report on Top Emerging Tech Markets in North America, the StartupBlink index amplifies the region’s acceleration, and its global position, fortifying London, Ontario as one of the best places in Canada to become a unicorn. As the lead voice for the industry, TechAlliance fosters a vibrant tech community, empowering the growth of competitive, world-class ventures that drive economic prosperity here in Southwestern Ontario, while also shaping and fueling Canada’s innovation economy.”

In 2024, Canada attracted $8.8 billion USD in funding and was home to 22 unicorn companies. While the nation experienced a slight dip—falling from 4th to 5th place in the global rankings—the Global Startup Ecosystem Index points to strong fundamentals and an optimistic future, especially as efforts shift toward producing startups with greater international competitiveness. That growth starts at the regional level.

Doubling down on investor, founder and industry engagement, with a mandate to accelerate the growth of tech companies in Southwestern Ontario, TechAlliance supports entrepreneurs and their companies with strategic advisory, investment-readiness, storytelling, and advocacy. This approach not only builds a highly competitive local economy but also positions the greater London area as a key Canadian contributor on the global innovation map.

For more information or media inquiries, please contact:    
Farida Abdelnabi    
Communications Manager   
TechAlliance of Southwestern Ontario    
647.676.2461    
farida.abdelnabi@techalliance.ca    
   
About TechAlliance of Southwestern Ontario    
Headquartered in London, Ontario – one of the top ten emerging tech markets in North America, TechAlliance is the lead voice for the most promising startups and highest potential scaling companies in Southwestern Ontario. Home to a concentration of made-in-Canada unicorns, and supporting pathways to capital, customers, and talent, TechAlliance empowers world-class ventures and fuels growth in Canada’s innovation economy by supporting founders and ventures at every stage of the entrepreneurial journey.

As the place for dreamers, innovators, and world-changing ideas, TechAlliance fosters a vibrant tech community for founders, industry leaders, tech talent, and capacity builders, champions and coaches entrepreneurs, and amplifies and impacts businesses across the region. Funded in part by the Government of Ontario, Regional Innovation Centres help Ontario-based innovators and entrepreneurs clear commercialization hurdles –- accelerating the growth of companies so that they can compete and succeed globally and create high quality jobs in our province.

Webcomics Industry Worth $10 Billion by 2030: Democratization of Content Creation Expanding the Creator Economy and Audience Base

Webcomics Industry Worth $10 Billion by 2030: Democratization of Content Creation Expanding the Creator Economy and Audience Base




Webcomics Industry Worth $10 Billion by 2030: Democratization of Content Creation Expanding the Creator Economy and Audience Base

Dublin, May 23, 2025 (GLOBE NEWSWIRE) — The “Webcomics – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.

The global market for Webcomics was valued at US$7.4 Billion in 2024 and is projected to reach US$10 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Webcomics market.

The growth in the webcomics market is driven by several factors related to digital consumption habits, content democratization, and shifts in entertainment formats. Technological advancements in mobile devices, high-speed internet, and vertical scrolling UI have made it easy to consume long-form comics seamlessly on smartphones and tablets.

End-use consumption patterns have changed dramatically, with users now favoring serialized digital content they can engage with during short breaks or commutes. Webcomics align perfectly with this “snackable content” trend. The self-publishing model, enabled by digital platforms, has democratized content creation, allowing a broader range of voices to enter the space without relying on traditional publishing gatekeepers.

Consumer behavior is also shifting towards direct creator support, with fans more willing than ever to pay for exclusive or early-access content, especially when they feel emotionally connected to the narrative or the artist. Lastly, the integration of webcomics into broader transmedia franchises – spanning video games, anime, merchandise, and web series – has transformed them from digital novelties into cornerstone IPs of modern entertainment, ensuring continued market expansion and deepening global influence.

Report Scope

The report analyzes the Webcomics market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments: Genre (Comedy, Romance, Action / Adventure, Drama, Science Fiction, Other Genres); End-User (Kids, Adults); Monetization Model (Subscription-based, Advertising-supported, Other Monetization Models).

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Comedy Genre segment, which is expected to reach US$2.3 Billion by 2030 with a CAGR of a 4.2%. The Romance Genre segment is also set to grow at 6.6% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, valued at $2.0 Billion in 2024, and China, forecasted to grow at an impressive 8.1% CAGR to reach $2.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Key Questions Answered:

  • How is the Global Webcomics Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of players such as Comico (NHN Japan Corporation), Delitoon, GlobalComix, Hiveworks Comics, Kakao Webtoon and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 32 companies featured in this Webcomics market report include:

  • Comico (NHN Japan Corporation)
  • Delitoon
  • GlobalComix
  • Hiveworks Comics
  • Kakao Webtoon
  • Keenspot Entertainment
  • KidariStudio
  • Lezhin Comics
  • Manta (RIDI Corporation)
  • Naver Webtoon (LINE Webtoon)
  • Shueisha
  • Tapas Media
  • Tappytoon
  • Toomics
  • TopatoCo
  • WebComics Holdings HK Limited
  • Webtoon Factory
  • Webtoon Live
  • Webtoon XYZ
  • WebtoonPlanet

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

  • Tariff-adjusted market forecasts by region and segment
  • Analysis of cost and supply chain implications by sourcing and trade exposure
  • Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

  • Finalized tariff impacts and new trade agreement effects
  • Updated projections reflecting global sourcing and cost shifts
  • Expanded country-specific coverage across the industry

Key Attributes

Report Attribute Details
No. of Pages 371
Forecast Period 2024-2030
Estimated Market Value (USD) in 2024 $7.4 Billion
Forecasted Market Value (USD) by 2030 $10 Billion
Compound Annual Growth Rate 5.2%
Regions Covered Global

MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 and a Looming Global Recession
  • Webcomics – Global Key Competitors Percentage Market Share in 2025 (E)
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)

MARKET TRENDS & DRIVERS

  • Explosion of Smartphone Usage Spurs Growth in Mobile-Friendly Comic Content
  • Democratization of Content Creation Expands the Creator Economy and Audience Base
  • Rising Demand for Bite-Sized Entertainment Fuels Webcomic Consumption
  • Cultural Localization and Global Distribution Strengthen Monetization Models
  • Growth of Digital Subscriptions and Microtransactions Generates Revenue Opportunities
  • Integration of Webcomics into Streaming and Cross-Media IP Drives Market Expansion
  • Increased Brand Collaborations and Sponsored Content Propel Creator Monetization
  • Emergence of NFT and Blockchain Platforms Drives New Revenue Streams
  • Accessibility and Inclusivity Trends Boost Representation and Audience Loyalty
  • Translation and Licensing Services Expand International Market Reach
  • Data-Driven Storytelling and Reader Insights Enhance Retention and Monetization

For more information about this report visit https://www.researchandmarkets.com/r/yhxllz

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: 
CONTACT: ResearchAndMarkets.com 
         Laura Wood,Senior Press Manager 
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470 
         For U.S./ CAN Toll Free Call 1-800-526-8630 
         For GMT Office Hours Call +353-1-416-8900 

Webcomics Industry Worth $10 Billion by 2030: Democratization of Content Creation Expanding the Creator Economy and Audience Base

Webcomics Industry Worth $10 Billion by 2030: Democratization of Content Creation Expanding the Creator Economy and Audience Base




Webcomics Industry Worth $10 Billion by 2030: Democratization of Content Creation Expanding the Creator Economy and Audience Base

Dublin, May 23, 2025 (GLOBE NEWSWIRE) — The “Webcomics – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.

The global market for Webcomics was valued at US$7.4 Billion in 2024 and is projected to reach US$10 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Webcomics market.

The growth in the webcomics market is driven by several factors related to digital consumption habits, content democratization, and shifts in entertainment formats. Technological advancements in mobile devices, high-speed internet, and vertical scrolling UI have made it easy to consume long-form comics seamlessly on smartphones and tablets.

End-use consumption patterns have changed dramatically, with users now favoring serialized digital content they can engage with during short breaks or commutes. Webcomics align perfectly with this “snackable content” trend. The self-publishing model, enabled by digital platforms, has democratized content creation, allowing a broader range of voices to enter the space without relying on traditional publishing gatekeepers.

Consumer behavior is also shifting towards direct creator support, with fans more willing than ever to pay for exclusive or early-access content, especially when they feel emotionally connected to the narrative or the artist. Lastly, the integration of webcomics into broader transmedia franchises – spanning video games, anime, merchandise, and web series – has transformed them from digital novelties into cornerstone IPs of modern entertainment, ensuring continued market expansion and deepening global influence.

Report Scope

The report analyzes the Webcomics market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments: Genre (Comedy, Romance, Action / Adventure, Drama, Science Fiction, Other Genres); End-User (Kids, Adults); Monetization Model (Subscription-based, Advertising-supported, Other Monetization Models).

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Comedy Genre segment, which is expected to reach US$2.3 Billion by 2030 with a CAGR of a 4.2%. The Romance Genre segment is also set to grow at 6.6% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, valued at $2.0 Billion in 2024, and China, forecasted to grow at an impressive 8.1% CAGR to reach $2.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Key Questions Answered:

  • How is the Global Webcomics Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of players such as Comico (NHN Japan Corporation), Delitoon, GlobalComix, Hiveworks Comics, Kakao Webtoon and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 32 companies featured in this Webcomics market report include:

  • Comico (NHN Japan Corporation)
  • Delitoon
  • GlobalComix
  • Hiveworks Comics
  • Kakao Webtoon
  • Keenspot Entertainment
  • KidariStudio
  • Lezhin Comics
  • Manta (RIDI Corporation)
  • Naver Webtoon (LINE Webtoon)
  • Shueisha
  • Tapas Media
  • Tappytoon
  • Toomics
  • TopatoCo
  • WebComics Holdings HK Limited
  • Webtoon Factory
  • Webtoon Live
  • Webtoon XYZ
  • WebtoonPlanet

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

  • Tariff-adjusted market forecasts by region and segment
  • Analysis of cost and supply chain implications by sourcing and trade exposure
  • Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

  • Finalized tariff impacts and new trade agreement effects
  • Updated projections reflecting global sourcing and cost shifts
  • Expanded country-specific coverage across the industry

Key Attributes

Report Attribute Details
No. of Pages 371
Forecast Period 2024-2030
Estimated Market Value (USD) in 2024 $7.4 Billion
Forecasted Market Value (USD) by 2030 $10 Billion
Compound Annual Growth Rate 5.2%
Regions Covered Global

MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 and a Looming Global Recession
  • Webcomics – Global Key Competitors Percentage Market Share in 2025 (E)
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)

MARKET TRENDS & DRIVERS

  • Explosion of Smartphone Usage Spurs Growth in Mobile-Friendly Comic Content
  • Democratization of Content Creation Expands the Creator Economy and Audience Base
  • Rising Demand for Bite-Sized Entertainment Fuels Webcomic Consumption
  • Cultural Localization and Global Distribution Strengthen Monetization Models
  • Growth of Digital Subscriptions and Microtransactions Generates Revenue Opportunities
  • Integration of Webcomics into Streaming and Cross-Media IP Drives Market Expansion
  • Increased Brand Collaborations and Sponsored Content Propel Creator Monetization
  • Emergence of NFT and Blockchain Platforms Drives New Revenue Streams
  • Accessibility and Inclusivity Trends Boost Representation and Audience Loyalty
  • Translation and Licensing Services Expand International Market Reach
  • Data-Driven Storytelling and Reader Insights Enhance Retention and Monetization

For more information about this report visit https://www.researchandmarkets.com/r/yhxllz

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: 
CONTACT: ResearchAndMarkets.com 
         Laura Wood,Senior Press Manager 
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470 
         For U.S./ CAN Toll Free Call 1-800-526-8630 
         For GMT Office Hours Call +353-1-416-8900 

Lisa Kalscheur Joins Weave.AI as CMO

Lisa Kalscheur Joins Weave.AI as CMO




Lisa Kalscheur Joins Weave.AI as CMO

Veteran SaaS Marketing Executive Joins Neuro-Symbolic Agentic AI Startup to Transform Decision Management for Financial Institutions

SEATTLE, May 22, 2025 (GLOBE NEWSWIRE) — Weave.AI today announced the appointment of Lisa Kalscheur as CMO. Kalscheur brings extensive marketing leadership experience at scaling high-growth SaaS companies to Weave.AI, where she will lead marketing strategy, executive customer engagement, and go-to-market execution. Previously, Kalscheur led marketing as CMO at Regal, Notarize, Kibo Commerce and Monetate. Kalscheur’s appointment marks a pivotal step in launching Weave.AI’s commercial strategy and establishing the company as the category leader in neuro-symbolic GenAI for automating risk management, compliance, and due diligence and increasing alpha for financial institutions.

“Lisa is uniquely positioned to help launch and grow Weave.AI as we transform the way financial executives make decisions. Her leadership experience and strategic approach to marketing and customer growth will ensure that we are deeply connected to our client and prospect needs as we expand, and that we effectively convey the true power of our solution to deliver significant growth for them,” said Nosa Omoigui, CEO and Founder of Weave.AI. “Lisa will not only lead our strategic positioning and growth but also leverage her deep relationships with top financial institutions to accelerate our go-to-market.”

Weave.AI is a leader in next-generation AI innovation, offering an agentic, GenAI-powered SaaS platform that transforms how financial institutions manage risk, ensure regulatory compliance, and conduct due diligence. Kalscheur will lead market strategy initiatives designed to empower C-level executives to stay ahead of emerging risks and adopt a proactive posture—transforming risk management into a strategic competitive advantage. Kalscheur’s deep customer focus will ensure that the company delivers transformational insights tailored to the unique needs of financial decision-makers. 

In her previous roles, Kalscheur has consistently driven measurable growth by leading high-performing, cross-functional marketing teams. Her strategic approach has accelerated pipeline generation, increased customer acquisition, and expanded existing accounts. Kalscheur has played a pivotal role in scaling multiple companies through high-growth phases and successful acquisitions. She served as the first Chief Marketing Officer at both Regal and Notarize, where she built marketing functions from the ground up. As CMO of Monetate, she led a go-to-market transformation that culminated in the company’s acquisition by Vista Equity Partners’ Kibo, where she was subsequently appointed CMO. At AppNexus, she was the first marketing hire and rose to Vice President of Marketing, helping scale the company to its $1.6 billion acquisition by AT&T. Earlier in her career, she led marketing at ad tech pioneer Quigo through its acquisition by AOL.

Lisa is also an active mentor to up-and-coming marketing executives and frequently speaks at industry conferences on creating new categories, evolving existing categories, and building out go-to-market functions. 

“Enterprise leaders are increasingly drawn to the potential of AI—but what they truly need is confidence in AI-powered decisions that anticipate risk and unlock growth. Weave.AI redefines the category, going far beyond traditional AI chatbots. By leveraging neuro-symbolic AI, Weave.AI delivers predictive, explainable insights that help executives surface hidden risks, navigate uncertainty, and act on opportunities before they emerge,” said Lisa Kalscheur, Chief Marketing Officer at Weave.AI. “I joined Weave.AI because of its unparalleled approach to decision management and the extraordinary caliber of talent behind the platform—both of which position the company to reshape how institutions make strategic decisions.”

About Weave.AI
Weave.AI combines the power of neuro-symbolic GenAI with intelligent agents to redefine how enterprises transform complex, fragmented data into strategic insight. Trusted by the world’s leading financial institutions and global enterprises, Weave.AI empowers decision-makers to identify emerging risks, detect competitive shifts, navigate regulatory complexity, and uncover high-impact opportunities—well before they surface.

Media Contact:
Emily Riley
emily@rileystrategic.com
914-330-1128

Lisa Kalscheur Joins Weave.AI as CMO

Lisa Kalscheur Joins Weave.AI as CMO




Lisa Kalscheur Joins Weave.AI as CMO

Veteran SaaS Marketing Executive Joins Neuro-Symbolic Agentic AI Startup to Transform Decision Management for Financial Institutions

SEATTLE, May 22, 2025 (GLOBE NEWSWIRE) — Weave.AI today announced the appointment of Lisa Kalscheur as CMO. Kalscheur brings extensive marketing leadership experience at scaling high-growth SaaS companies to Weave.AI, where she will lead marketing strategy, executive customer engagement, and go-to-market execution. Previously, Kalscheur led marketing as CMO at Regal, Notarize, Kibo Commerce and Monetate. Kalscheur’s appointment marks a pivotal step in launching Weave.AI’s commercial strategy and establishing the company as the category leader in neuro-symbolic GenAI for automating risk management, compliance, and due diligence and increasing alpha for financial institutions.

“Lisa is uniquely positioned to help launch and grow Weave.AI as we transform the way financial executives make decisions. Her leadership experience and strategic approach to marketing and customer growth will ensure that we are deeply connected to our client and prospect needs as we expand, and that we effectively convey the true power of our solution to deliver significant growth for them,” said Nosa Omoigui, CEO and Founder of Weave.AI. “Lisa will not only lead our strategic positioning and growth but also leverage her deep relationships with top financial institutions to accelerate our go-to-market.”

Weave.AI is a leader in next-generation AI innovation, offering an agentic, GenAI-powered SaaS platform that transforms how financial institutions manage risk, ensure regulatory compliance, and conduct due diligence. Kalscheur will lead market strategy initiatives designed to empower C-level executives to stay ahead of emerging risks and adopt a proactive posture—transforming risk management into a strategic competitive advantage. Kalscheur’s deep customer focus will ensure that the company delivers transformational insights tailored to the unique needs of financial decision-makers. 

In her previous roles, Kalscheur has consistently driven measurable growth by leading high-performing, cross-functional marketing teams. Her strategic approach has accelerated pipeline generation, increased customer acquisition, and expanded existing accounts. Kalscheur has played a pivotal role in scaling multiple companies through high-growth phases and successful acquisitions. She served as the first Chief Marketing Officer at both Regal and Notarize, where she built marketing functions from the ground up. As CMO of Monetate, she led a go-to-market transformation that culminated in the company’s acquisition by Vista Equity Partners’ Kibo, where she was subsequently appointed CMO. At AppNexus, she was the first marketing hire and rose to Vice President of Marketing, helping scale the company to its $1.6 billion acquisition by AT&T. Earlier in her career, she led marketing at ad tech pioneer Quigo through its acquisition by AOL.

Lisa is also an active mentor to up-and-coming marketing executives and frequently speaks at industry conferences on creating new categories, evolving existing categories, and building out go-to-market functions. 

“Enterprise leaders are increasingly drawn to the potential of AI—but what they truly need is confidence in AI-powered decisions that anticipate risk and unlock growth. Weave.AI redefines the category, going far beyond traditional AI chatbots. By leveraging neuro-symbolic AI, Weave.AI delivers predictive, explainable insights that help executives surface hidden risks, navigate uncertainty, and act on opportunities before they emerge,” said Lisa Kalscheur, Chief Marketing Officer at Weave.AI. “I joined Weave.AI because of its unparalleled approach to decision management and the extraordinary caliber of talent behind the platform—both of which position the company to reshape how institutions make strategic decisions.”

About Weave.AI
Weave.AI combines the power of neuro-symbolic GenAI with intelligent agents to redefine how enterprises transform complex, fragmented data into strategic insight. Trusted by the world’s leading financial institutions and global enterprises, Weave.AI empowers decision-makers to identify emerging risks, detect competitive shifts, navigate regulatory complexity, and uncover high-impact opportunities—well before they surface.

Media Contact:
Emily Riley
emily@rileystrategic.com
914-330-1128

Zoca Raises $6M from Accel to transform Local Businesses using Agentic AI

Zoca Raises $6M from Accel to transform Local Businesses using Agentic AI




Zoca Raises $6M from Accel to transform Local Businesses using Agentic AI

AI is gaining rapid adoption in enterprises, and local businesses don’t want to be left behind. Backed by Accel, Zoca’s AI-powered growth platform has helped hyperlocal businesses fill appointment books without lifting a finger. In less than a year, Zoca has helped over 1,000 local businesses make 120,000+ bookings generating over $10m revenue for them.

Tempe, May 21, 2025 (GLOBE NEWSWIRE) — For decades, local service businesses have been overlooked by tech – expected to juggle bloated marketing tools, overpriced agencies, and underwhelming results. Today, Zoca announced a $6 million round to flip that script. The company is building an AI-first growth platform to help hyperlocal service businesses get discovered, booked, and rebooked — promising one outcome: more paying clients, guaranteed. The funding round was led by Accel with participation from GTMfund, Elevation Capital and Better Capital.

While most software hands small business owners a tool and wishes them luck, Zoca takes a different approach. Its AI agents manage the entire growth funnel, automatically identifying what services are in demand in a specific neighborhood, optimizing for discovery, converting leads into bookings, and re-engaging clients at just the right time. The result is a done-for-you system that fills calendars and drives real revenue, not just clicks or leads. Zoca has already helped over 1,000 local beauty & wellness businesses generate $10M+ in revenue, book more than 120,000 appointments, and save hundreds of hours on manual marketing tasks

Zoca founders Ashish Verma and Robin Chauhan.

Founded in 2024 by longtime friends and IIT Kharagpur classmates Ashish Verma and Robin Chauhan, Zoca was born out of a fundamental realization: while local service professionals are masters of their craft, the systems meant to support their growth simply weren’t designed with them in mind. As more professionals left salon chains to open independent businesses, the gap became clear. These entrepreneurs weren’t failing because of talent – they were being failed by a system that never prioritized helping them get found, booked, and consistently in demand.

“We saw a fundamental disconnect,” says Ashish Verma, Zoca’s co-founder and CEO. “These entrepreneurs are selling time, not products. Every empty chair is revenue they’ll never recover. The real challenge isn’t just visibility anymore—it’s everything that comes after it. Being found is one part, but converting leads, filling schedules, and retaining clients is where businesses either grow or stall.

“What makes this space unique is the business model itself. These service professionals aren’t focused on selling more units—they’re maximizing their available time. So the ROI on every lead, every appointment, and every repeat visit directly impacts their bottom line. That’s why we built a system that addresses the entire customer journey, not just one piece of it.”

Zoca fixes this with what it calls hyperlocal intelligence – a proprietary engine that detects neighborhood-level demand patterns for services like “lymphatic drainage massage” or “glycolic facial” that vary dramatically from block to block. The company’s data shows that demand for “lymphatic drainage massage” can be 3x higher in one part of a city versus another area just miles away, while terms like “glycolic facial” follow entirely different patterns depending on local demographics. Instead of relying on generic keywords or city-wide trends, Zoca builds individualized strategies based on what people are actually searching for within a 5-mile radius and then executes it all automatically using its AI agents workforce.

Zoca team empowering local businesses get ahead. 

That includes optimizing across 50+ local ranking factors, building mobile-first websites, responding to leads 24/7 through conversational AI, and sending
personalized retention SMS and email campaigns timed to each customer’s history. Zoca has recently launched AI agents for paid ads and social media management taking charge over the entire marketing value chain for a small local business. With Zoca, businesses get what used to require five tools, an agency retainer, and hours of work every week.

Delivering for local businesses: Dimitri Mesin, owner of Red Chair Salon with Zoca co-founder Ashish Verma. 

Gail Aungst, Co-owner of Ohana Sun Tanning, commented: “Google search is really important and so key words are critical for us. One of them is “tanning near me”. Zoca’s helped us stay on top and win. They are totally helping us with our rankings”. While Latasha Seawood, Owner of Slay by Vashae, said: “The first 30 days of using Zoca, my business went from maybe 3-4 people a day, into a queue. I was forced to turn people away. No lie. It was like a 30 day turnaround. If you search “sew-in” in your area, I pop up. And that’s because of Zoca.”

Happy customer: Khrishtopher Wisdom, owner of 1047 Hair Lounge, with Zoca co-founder Ashish Verma.

AI is the reason this is possible now. Zoca’s model turns high-cost services into software margins, unlocking growth for a market that’s historically been considered too fragmented and low-margin to serve.

“Zoca is driving business outcomes for the underserved $750B local services market: says Manasi Shah, Partner at Accel. Ashish and the team have the highest customer obsession with a deep understanding of AI in automating a significant number of use cases applicable to the local services market. Growth AI agents are just the beginning, Zoca will create an agent-led OS for every hyperlocal business to achieve full potential.”

Paul Irving, Partner at GTMfund, added: “These businesses are the cornerstones of their communities, but most are being left behind in a digital and AI-first world. Zoca allows them to focus on what matters most: delivering an exceptional service to their customers. The growth, the customer retention and engagement – all on auto-pilot with Zoca’s AI platform. It’s a total game changer for these local businesses, and we couldn’t be more excited to support the Zoca team on their mission.”

Poorvi Vijay, Principal, Elevation Capital, said: “Zoca arms every neighbourhood business with a 24/7 AI growth engine. Ashish and Robin’s passion and unique insights to serve this underserved market and help them transform with AI is truly outstanding. We are thrilled to back them as they build the operating system for hyperlocal services worldwide.”

Looking ahead, Zoca plans to expand its agent architecture, deepen its platform integrations, and bring its system to more verticals where professionals face the same time-based growth challenge. The company believes the future of local business will be powered by invisible AI infrastructure – not dashboards, but agents quietly working in the background to drive outcomes.

“In the next decade, the top local businesses around us won’t be big chains. Instead, they’ll be local professionals — quietly supercharged by AI that helps them attract more clients, keep them coming back, and grow faster than ever. At Zoca, we are making it possible for independent businesses to thrive without all the tech headaches and focus on delivering exceptional experiences to their customers.” said Ashish Verma.

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About Zoca
Zoca uses AI to drive traffic, convert leads, and turn them into loyal customers. Zoca’s AI agents manage the entire growth funnel, automatically identifying what services are in demand in a specific neighborhood, optimizing for discovery, converting leads into bookings, and re-engaging clients at just the right time. 

Zoca has already helped over 1,000 local beauty & wellness businesses generate $10M+ in revenue, book more than 120,000 appointments, and save hundreds of hours on manual marketing tasks. For more information please visit https://zoca.com/ or follow via LinkedIn and Instagram

About Accel 
Accel is a global venture capital firm that aims to be the first partner to exceptional teams everywhere (Facebook, Flipkart, etc.), from inception through all phases of private company growth. Accel has been operating in India since 2008, and its investments include companies like BookMyShow, Browserstack, Flipkart, Freshworks, FalconX, Infra.Market, Chargebee, Clevertap, Cure Fit, Musigma, Moneyview, Mensa Brands, Myntra, Moglix, Ninjacart, Swiggy, Stanza Living, Urban Company, Zetwerk, and Zenoti, among many others. We help ambitious entrepreneurs build iconic global businesses. For more, visit: www.accel.com

CONTACT: For further information please contact the Zoca press office: media@zoca.com.

Biostate AI closes $12M to bring the Netflix model to molecular diagnostics

Biostate AI closes $12M to bring the Netflix model to molecular diagnostics




Biostate AI closes $12M to bring the Netflix model to molecular diagnostics

The company is reimagining the fragmented reality of molecular research by building the world’s largest RNA sequencing dataset. This dataset will train a general-purpose AI to understand—and eventually guide therapies for—all human diseases.

Houston, May 20, 2025 (GLOBE NEWSWIRE) — Biostate AI, a leading innovator in artificial intelligence and RNA sequencing, announced the successful completion of a $12M Series A funding round, led by Accel. Additional investors included Gaingels, Mana Ventures, InfoEdge Ventures, and existing investors Matter Venture Partners, Vision Plus Capital, and Catapult Ventures. The company’s seed round also attracted notable angel investors, including Dario Amodei (CEO, Anthropic), Mike Schnall-Levin (CTO, 10x Genomics), and Emily Leproust (CEO, Twist Bioscience).

The funds will support the company’s mission to unlock affordable and integrated precision medicine, starting with RNA sequencing (RNAseq) services for US-based molecular research. 

The company’s immediate focus is revolutionizing RNAseq accessibility and developing clinically relevant predictive models. These technologies—and the requisite advances in data quality, integration of molecular data types, and rigorous clinical validation—serve as the foundations for Biostate’s long-term vision: truly personalized therapeutics.

 

Biostate AI founders: David Zhang and Ashwin Gopinath.

Founded by former professors and repeat entrepreneurs David Zhang and Ashwin Gopinath, Biostate was founded on the principle that the entire RNA transcriptome (rather than just small groups of RNA transcripts) is an underutilized real-time biomarker for human health. Until now, the comprehensive, simultaneous analysis of all RNA transcripts has been limited by cost and analytical barriers. 

By eliminating such industry bottlenecks, the Biostate co-founders realized they could snowball a cheaper and more effective RNAseq operation into a one-stop shop for precision medicine. 

Unlocking the power of RNAseq through GenAI
Currently, few molecular biology labs make the most of existing RNA datasets—or the power of machine learning to analyze them.  That’s because conventional RNAseq suffers from three key limitations:

  1. It’s expensive, pricing most labs out of scaling their biotech research ambitions. Plus, institutions are facing increasing pressure to maximize scientific output with fewer resources, as research budgets tighten under the current administration.
  2. Dataset aggregation from across research sites involves several technological and logistical headaches. Often, individual labs’ work introduces noise into the data, called batch effects, which drown out the often subtle clinical signs researchers are combing through the data for.
  3. Specialized vendor siloing leads to communication breakdowns, higher costs, and slower workflows.

Biostate is solving these problems through a combination of bio-chemical innovations as well as Gen AI tools packaged in a self-sustaining business model:

  • Cost: The company has invented and patented novel biomolecular technologies for turning tissue samples into RNAseq data at nearly an order of magnitude lower cost than traditional approaches, while being effective on both fresh and decades-old tissues. Their proprietary BIRT technology achieves this through an innovative multiplexing technique that allows simultaneous processing of multiple samples, while their PERD methodology separates signal from background noise without compromising quality. The result? Researchers can run 2-3 times more samples within existing budgets, dramatically expanding the scale of possible experiments.
  • Data aggregation: Lower costs translate internally as well, enabling Biostate to run internal experiments at a fraction of what competitors spend. This economic advantage facilitates the collection of millions of consented, de-identified RNAseq profiles from across the globe, similar to how OpenAI trained their base models on the entirety of the internet. This massive dataset fuels their ability to train increasingly sophisticated generative AI models that can identify patterns across different disease states and tissue types.
  • Standardization: Biostate’s unified workflow and consistent methodology allow experiments conducted across different timepoints and batches to be standardized. This uniformity is crucial as it enables their AI to consistently learn the “grammar of biology” without the confounding batch effects that typically plague multi-site studies. The standardization process also allows them to extract meaningful signals from small, de-identified data cohorts with detailed clinical labels, which they use to fine-tune their foundation models for specific applications.
  • Integration: The result is an integrated pipeline that transforms Biostate into a one-stop shop for molecular medicine. Their system converts biological samples into comprehensive transcriptome data that can be viewed holistically alongside their extensive datasets to generate actionable clinical insights—all under a single roof without requiring a web of specialized vendors. The company’s stack even includes sophisticated generative AI tools like Quantaquill for turning analysis results into publication-ready manuscripts, further streamlining the research workflow.

“Just as ChatGPT transformed language understanding by learning from trillions of words, we’re learning the molecular language of human disease from billions of RNA expressions from millions of samples,” said Ashwin Gopinath, co-founder and CTO of Biostate AI and a former MIT assistant professor. “We’re doing for molecular medicine what large language models did for text—scaling the raw data so the algorithms can finally shine.”

Translating—then eliminating—human disease
A personal origin story: Gopinath’s work is deeply influenced by his wife’s battle with leukemia. His background in engineering led him to dig into how such devastating diseases can be predicted. 

Paired with Zhang’s background in DNA research, the two discovered that RNA was an untapped middle ground of human health insights. Plus, they planned to build something that would last, hence the Netflix-inspired self-sustaining business model fueled by the company’s focus on home-grown AI. 

AI bridges molecular data and patient interventions: While LLMs like ChatGPT learn patterns from text, Biostate’s AI models identify expression signatures across thousands of genes, which all correlate with specific disease states and treatment responses. This enables its models to have detect subtle molecular changes that precede clinical symptoms by weeks, months, or even years, enabling earlier intervention.

“Rather than solve the diagnostics and therapeutics as separate, siloed problems for each disease, we believe that the modern and future AI can be general purpose to understand and help cure every disease,” said David Zhang, co-founder and CEO of Biostate AI, and former Associate Professor of Bioengineering at Rice University. “Every diagnostic I’ve built was about moving the answer closer to the patient. Biostate takes the biggest leap yet by making the whole transcriptome affordable.”

The AI developed from this wealth of RNAseq data will better inform clinicians of optimal treatment decisions. Biostate has already achieved internal proof-of-concept success for predicting disease recurrence in human leukemia patients. In the near future, the company plans to expand its collaborations with clinical partners in oncology, autoimmune disease, and cardiovascular disease.

Shekhar Kirani, Partner at Accel, said: “Biostate is building the foundation model for molecular medicine—by pairing deep wet lab innovation with AI to unlock RNAseq at unprecedented scale and affordability. Just as OpenAI used massive datasets to decode language, Biostate is decoding the molecular signals that govern human health. We believe David, Ashwin, and the team are laying the groundwork for a new era of diagnostics and therapeutics, and we’re thrilled to partner with them on this journey.”

An expanding client base: The firm has raised over $20 million to date and is growing its paying institutional customer base through a network of 100+ pilot projects across diverse disease indications, including leukemia (Cornell) and multiple sclerosis (Accelerated Cure Project). 

As a result, since commercializing its offering just two quarters ago, Biostate has run RNAseq on over 10,000 samples from over 150 collaborators and customers from leading institutions. The startup has also secured agreements to process several hundred thousand unlabeled samples annually, rapidly accelerating its dataset growth and powering AI development. 

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About Biostate AI
Biostate AI is a startup building generative AI that predicts the evolution of human disease and drug response based on RNA sequencing data. Its patented wetlab technologies, including BIRT, allow affordable and scalable collection of massive amounts of transcriptomic and genomic data. With sites in Houston, TX, Palo Alto, CA, Bangalore, India, and Shanghai, China, Biostate AI is a global company with collaborations with top hospitals, academic researchers, and biotech/biopharma companies. Biostate AI was founded by serial entrepreneurs and former professors David Zhang (Rice U.) and Ashwin Gopinath (MIT) and is backed by top investors and experts including Accel, Dario Amodei (Anthropic), Emily Leproust (Twist Biosciences), and Mike Schnall-Levin (10X Genomics).

About Accel
Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. The firm helps ambitious entrepreneurs build iconic global businesses. For more information, visit https://www.accel.com/

CONTACT: For further information, please contact the Biostate AI via Ashwin Gopinath on ashwin.gopinath@biostate.ai

Hedra raises $32M to build the leading generative media platform for digital characters

Hedra raises $32M to build the leading generative media platform for digital characters




Hedra raises $32M to build the leading generative media platform for digital characters

Leading AI video platform expands from creator economy to enterprise with Character-3 foundation model that brings storytelling to life through digital characters of any style

San Francisco, May 15, 2025 (GLOBE NEWSWIRE) — In the fight for audience attention, video wins – but producing it remains out of reach for most companies. Hedra, the AI video generation platform behind over 10 million lifelike videos, has raised $32 million to bring AI-powered video creation to enterprise marketers. 

The series A funding round was led by Andreessen Horowitz’s Infrastructure fund (a16z Infra), with participation from existing investors, including a16z speedrun, Abstract, and Index Ventures. This round brings the company’s total funding to $44 million since its last announced fundraise in 2024. 

Video production is mired in lengthy timelines and production costs that can spike up to thousands of dollars per minute. While over 2.5 million users have already generated millions of videos with Hedra,  the company is now bringing this creative superpower to enterprise marketers (and beyond) who need to produce character-driven video content at scale. Whether it’s a seasonal campaign or a response to a real-time cultural moment, Hedra allows teams to create high-quality content fast featuring lifelike digital characters – so they can meet their audience where they are, when it matters most.

Hedra founder Michael Lingelbach.

Hedra’s origin is deeply personal for founder and CEO Michael Lingelbach. Before pursuing a PhD at Stanford, he spent years on stage as a theatre actor. That experience shaped his belief that characters are the heart of every story, and that believable digital characters would unlock the next era of storytelling. “We’re building the next generation of storytelling technology to empower content creators and enterprise marketers to tell narratives at scale on their own. Getting over the uncanny valley of compelling performance is the hardest frontier in video, and with our Character-3 foundation model, we’re devoted to crossing it,” said Michael Lingelbach, Founder and CEO of Hedra.

At the heart of Hedra’s magic is Character-3, the first omnimodal foundation model that seamlessly blends text, image, and audio to create character performance videos. Whether you need a professional spokesperson explaining your product, an animated brand mascot, or even an animal-style character, the model works across any style and framing — from cinematic full-body shots to intimate close-ups. This breakthrough technology powers Hedra Studio, where users can transform simple ideas into compelling visual stories with just a few clicks.

Video creation in motion with Hedra.

Since launching in 2024, Hedra has seen explosive growth, attracting a wide range of users, from social media creators to enterprise teams looking to streamline video production – including Jon LaJoie and Reid Hoffman. As marketing teams face pressure to do more with less, and as consumers grow increasingly discerning in a tighter economic climate, the ability to produce content quickly — and with emotional impact — has become a competitive necessity. With Hedra, brands can speak to the moment, respond to cultural conversations in real time, and cut through the noise with high-quality videos that resonate.

“This kind of creative agility is no longer just a nice-to-have — it’s essential for capturing attention in an increasingly crowded digital landscape,” added Michael Lingelbach. Unlike competitors focused solely on avatars or narrow use cases, Hedra delivers a unified solution that integrates story, sound, and video generation into one seamless workflow. Teams can create customizable digital characters with unique appearances, voices, and personalities and place them into dynamic scenes — empowering them to scale content production without sacrificing quality or originality.

Team Hedra is bringing creative superpowers to enterprise marketers (and beyond) who need to produce character-driven video content at scale.

“Hedra is building foundational technology for the next generation of media,” said Matt Bornstein, Partner at Andreessen Horowitz who had joined the Hedra board. “Character-3 is a breakthrough model that integrates text, video, and audio to create highly controllable, expressive characters. If you want to create AI-driven actors, it’s the best model in the market by far. And that capability unlocks use cases across the creator economy, enterprise marketing, entertainment, and more. We’re absolutely thrilled to back Michael and the Hedra team as they build the foundation model for generative characters.”

As AI-powered storytelling continues to evolve, Hedra is investing heavily in pushing the next frontier of quality and controllable model quality — ensuring that its technology not only performs at the cutting edge, but solves real-world creative challenges. The team has grown to 20 employees, with plans to triple headcount by year’s end.

Looking ahead, Hedra is poised to become the creative canvas for the next generation of media creators – from individuals to global brands. By combining cutting-edge AI models with intuitive creation tools, the company is democratizing video production and enabling a future where compelling visual narratives are limited only by imagination, not by budget or technical expertise. As the line between human and AI-generated content continues to blur, Hedra is ensuring that the art of storytelling remains vibrant, accessible, and deeply human at its core.

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About Hedra
Hedra is at the forefront of combining artificial intelligence with creative video production making digital creation as accessible and engaging as it should be. Their platform is designed to democratize video creation, making it easier and faster for users to produce high-quality content with complex narratives and personalized characters. Hedra’s developments are set to transform how brands and individual creators engage with audiences, providing new avenues for storytelling in the digital age. More for information please visit https://www.hedra.com/ or follow via LinkedIn, X or TikTok

CONTACT: For further information please contact the Hedra press office on press@hedra.com 

Qumis Unveils Major Platform Update to Modernize Insurance Policy Intelligence

Qumis Unveils Major Platform Update to Modernize Insurance Policy Intelligence




Qumis Unveils Major Platform Update to Modernize Insurance Policy Intelligence

New generative AI features deliver legal-grade insights, intuitive comparisons, and faster navigation for smarter decisions across insurance operations

CHICAGO, May 14, 2025 (GLOBE NEWSWIRE) — Qumis, the only lawyer-built AI platform designed to transform insurance knowledge work, today announced a major platform release that redefines how brokers and carriers generate insights from policies, navigate complex documents, and collaborate across teams.

This release introduces a redesigned user experience, smarter AI-driven workflows, and extended legal-grade analysis that also covers related contracts and legal references. Building on momentum from its $2.2 million pre-seed round earlier this year, the update advances Qumis’ vision of integrating accurate generative AI at the core of reading insurance policies, enabling professionals to move faster, work more collaboratively, and act with confidence in high-stakes coverage scenarios.

“For insurance professionals, the policy is both the starting point and the sticking point,” said Dan Schuleman, co-founder and CEO of Qumis. “This release pushes generative AI deeper into the heart of insurance workflows. We’re not just helping teams analyze documents—we’re giving them the intelligence infrastructure to navigate complex risks and act decisively at scale.”

Trusted by five of the 15 largest U.S. insurance brokers, as well as leading specialty carriers and law firms, Qumis is setting the standard for legal-grade AI in insurance operations. This latest release further solidifies its leadership in delivering enterprise-ready AI for the document-heavy, expertise-driven work of insurance analysis.

Key new Qumis features include:

  • Document Vault: A centralized, searchable repository for policies and quotes, streamlining access and organization.
  • Prompt Library: Save and reuse your most effective AI prompts to accelerate reviews and maintain consistency across your team.
  • New Visual Analysis & QumisScore: Quickly identify key differences in policies using intuitive visualizations and a proprietary accuracy score.
  • Contract Review: Extend Qumis’ analysis capabilities beyond policies with a dedicated contract review tool.
  • Legal Search (beta): Ask legal questions related to claims or coverage and get relevant case law and citations.

Qumis was founded in 2023 to solve one of the hardest problems in insurance: understanding the policy. With this release, Qumis continues to deliver on its mission to redefine how professionals generate, interpret, and apply insights from complex policy data.

To learn more, visit Qumis.ai or book a demo.

About Qumis
Qumis is a generative AI company built to tackle the hardest problem in insurance: understanding the policy. Developed by insurance attorneys and AI experts, Qumis delivers legal-grade analysis that helps professionals interpret complex policies with speed, accuracy, and confidence. From brokers comparing coverage to claims teams assessing liability, Qumis equips top insurance organizations with the insight they need to act decisively. Trusted by leading brokers, carriers, and law firms, Qumis is setting the standard for AI-powered policy analysis across the industry. Learn more at Qumis.ai.

Media Contact
Sergut Dejene
sergut@propllr.com

Flam raises $14M to scale AI infrastructure for brand and marketing industry globally

Flam raises $14M to scale AI infrastructure for brand and marketing industry globally




Flam raises $14M to scale AI infrastructure for brand and marketing industry globally

Flam is already being used by 100+ global brands including Google, Samsung and Emirates who are embracing engaging media at scale. Flam-built real-time mixed reality campaigns have reached over 580 million users.

San Francisco, May 13, 2025 (GLOBE NEWSWIRE) — Most marketing today still relies on passive consumption over active engagement. In a world where consumer attention is harder to earn than ever, brands are searching for new ways to turn one-way messages into engaging, two-way interactions. Flam is building the infrastructure to make that possible. The company has raised $14 million in Series A funding to scale its AI Infra – making it easy for marketers to turn any touchpoint into an interactive, app-less digital and 3D experience.

The round was led by RTP Global, with participation from Dovetail and other existing investors, bringing Flam’s total funding to $22 million.

Flam team: (L to R) CTO Amit Gaiki with founders Shourya Agarwal and Malhar Patil.

To date, Flam has been transforming advertising by turning traditional ads into interactive MR experiences. A simple QR code Scan or a link will let users instantly immerse in an experience that can showcase a product, tell a story, or unlock a deeper layer of the brand — all without needing to download an app.

Flam’s platform allowed brands to launch interactive content via QR codes or link on any touchpoint – Digital, Broadcast TV, Mass Media, Retail, OOH, packaging, even WhatsApp messages. One scan or a link click, and consumers are instantly immersed in an experience that can showcase a product, tell a story, or unlock a deeper layer of the brand — all without needing to download an app.

Starting this year, Flam has been accelerating R&D on its app-less GenAI infrastructure that enables brands to create, publish and measure high-fidelity MR, 3D & Digital experiences in <300 ms on any smartphone. The same infra already powers campaigns for Google, Samsung, Emirates and hundreds of global enterprises and agency powerhouses.

“Our mission is to turn every touch-point — Digital, Broadcast TV, Mass Media, Retail, Stadium Fan engagements —into an interactive digital experience,” said Shourya Agarwal, co-founder & CEO of Flam. “We are laser focused  to ship the GenAI tools that brands and enterprises have been yearning for. Flam has galvanised marketers around the world now we’re taking it to the next level with a full stack enterprise suite of products across channels; to make them engaging, measurable, interactive.

The platform is already being used by 100+ global brands including Google, Samsung, Emirates, Britannia, and Mahindra, with real-time mixed reality campaigns that have reached over 380+ million users. From turning product packaging into shareable stories to activating 3D demos on TV ads and billboards, Flam is helping brands create experiences that feel native to how people consume media today.

Flam will expand its partner program for creative studios and global platforms, enabling Fortune 500 brands to move from pilot to rapid global roll-out . Upcoming product development includes GenAI-driven 3D asset generation, Democratising MR deployment at scale, Enterprise Suite of Products across Industries, and Infrastructure for broadcasters and fan engagement.

With its Series A secured, Flam aims to redefine how consumers interact with ads, retail aisles, live broadcasts and fan moments—turning content and interfaces into shoppable, shareable experiences that deliver measurable ROI. 

“This capital unlocks the next chapter of Flam’s deep‑tech roadmap. Our edge‑compute architecture already streams hyperreal mixed‑reality in under 300 ms; the next milestone is a fully generative pipeline that lets brands create, personalise, and publish Digital & 3D experiences on the fly—secure and at scale” AmitGaiki, co‑founder & CTO added.

Nishit Garg, Partner at RTP Global commented: “The time for MR is now — and Flam is uniquely positioned to lead this wave. What excites us is not just the technology, but the clarity of vision and speed of execution. Shourya, Malhar and team are building a category-defining company—and we’re excited to be part of their journey in this next phase of growth”. While, Amal Parikh, Managing Director at Dovetail added: “With Limitless applications, strong execution and clear vision we believe Flam is set to redefine how brands connect with consumers” said 

Flam currently employs 120+ people across engineering, AI, creative tech, and go-to-market teams. The company expects to grow to 180+ employees by the end of 2025, with expansion across the U.S., Europe, and Asia already underway.

“The World is meant to be experienced. Immersive media shouldn’t just be a video,” added Shourya Agarwal. “That said, the creation of immersive media should be as easy and ubiquitous as a video. Flam is here to power enterprises precisely for this.”

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About Flam
Founded in 2021 by BITS Pilani Alumni, Shourya Agarwal, Malhar Patil, Amit Gaiki, Flam is building a full-stack enterprise suite of GenAI-powered products to redefine how brands engage with audiences. 

Headquartered in San Francisco in the US and Bengaluru in India, Flam empowers brands, broadcasters, and enterprises to turn any touchpoint—across digital, television, retail, and live events—into interactive, measurable, and engaging gateways. For more information, visit www.flamapp.ai 

About RTP Global
RTP Global is an early-stage venture capital firm, backing the founders who use technology to reimagine how the world works. Since 2000, RTP Global has made over 150+ investments worldwide, with one in 10 becoming multi-billion dollar companies and one in 20 publicly trading at over $10bn. Notable investments include Datadog, DeliveryHero, Cred and SumUp. RTP Global has offices in New York, London, Paris, Dubai and Bangalore. For more information on RTP Global, visit www.rtp.vc

CONTACT: For further information please contact the Flam press office on press@flamapp.ai