Participated · Equity · Nov 2023

Volante offers low-code cloud payments services used to modernize legacy financial infrastructure, including real-time payments, payments-as-a-service, U.S. wire transfers, corporate-to-bank integrations, and embedded preprocessing. Its platform is adopted by about 150 major banks and financial organizations, including Citi, BNY Mellon, Goldman Sachs, Wells Fargo, the Bank of Chile, and Poste Italiane. The company says seven of the top 10 U.S. banks, two of the largest card networks, and two of the top three banks in Switzerland are customers, and that 66% of all U.S. commercial deposits are powered by Volante. Volante is based in New Jersey and has strategic investors that include BNY Mellon, Citi, Poste Italiane, and Visa Ventures. The business positions itself to serve both large incumbents and mid-tier banks with individual, composable services rather than a single large-platform rip‑and‑replace approach. Management plans to accelerate its product roadmap around global real-time payments, the UK New Payments Architecture, ISO 20022 modernization, and expanded open-banking and Payments-as-a-Service offerings. Volante Technologies provides payments and financial messaging solutions delivered in the cloud as a software-as-a-service. The company offers an ecosystem of business services that simplify and automate complex systems and processes across payments, capital markets, and financial message integration. Its clients include the world’s largest banks, market infrastructures, exchanges, clearing houses, corporate treasuries, and card networks. Volante was founded in 2001 by Vijay Oddiraju, who serves as CEO. The company recently raised growth funding and intends to use the proceeds to accelerate its cloud expansion globally and to enter new geographies, market segments, and industry verticals.

Participated · Equity · Jan 2023

Array Behavioral Care is a Mount Laurel, NJ-based provider of virtual psychiatry and therapy services that delivers telepsychiatry solutions across the continuum of care, from hospital to home. The company supports psychiatrists, therapists, and other clinicians with clinical, operational, administrative, and technical specialists so providers can operate at the top of their licenses and focus on direct patient care. Array has partnered for more than 20 years with hundreds of hospitals, health systems, community healthcare organizations, and payers to expand access and improve outcomes for underserved individuals, facilities, and communities. Today about 90 million Americans can access Array’s services across all 50 states. The company plans to use the new funding to scale in new and existing markets through enhanced service offerings and operations, innovative technology, and expansion of the practice team. Array is led by CEO Geoffrey Boyce and Executive Chief Medical Officer Dr. James Varrell.

Participated · Series E · Aug 2022

BigPanda develops AI-driven AIOps software that analyzes observability and monitoring data to prevent corporate network outages by correlating events, automating incident response (including ticketing), and recommending fixes. The platform can optionally connect to third-party runbook automation tools to run automated workflows and provides analytics to track incident trends and measure progress toward goals. Founded in 2012 by Assaf Resnick and Elik Eizenberg, the company reports about 100 customers, including UBS and Wells Fargo. Revenue remains under $100 million with an approximately 80% gross margin, and its valuation is reported at $1.2 billion. Part of the new capital will be used for hiring; BigPanda plans to finish 2022 with over 350 employees, up from 330. It competes in AIOps with vendors such as ScienceLogic, Coiled, OpsRamp and larger entrants like New Relic and ServiceNow. BigPanda provides an AIOps Event Correlation and Automation platform that enables IT operations teams to automate incident management and keep digital businesses running smoothly. The platform helps businesses prevent IT outages, increase the velocity of their digital operations, and deliver improved customer experiences. Customers include Fortune 500 enterprises such as Intel, Cisco, United, Abbott, Marriott and Expedia. Led by co-founder and CEO Assaf Resnick, the company plans to use its new funding to expand its machine learning, product, and R&D teams and pursue strategic acquisitions to advance its AIOps capabilities. BigPanda also intends to scale go-to-market activities by building out sales, marketing, customer success, and partnership teams. Financially, the company announced a $190M funding round at a $1.2B valuation. BigPanda offers a platform that captures alerts, changes and topology data from disparate tools and uses Open Box Machine Learning to reduce IT noise, detect incidents and surface probable root causes in real time. The product is aimed at IT Ops, NOC and DevOps teams to speed detection, investigation and resolution of outages and incidents. Customers cited in the article include Intel, TiVO, Warner Media and Workday. The company is based in Mountain View, California and was founded in 2012 by Assaf Resnick, CEO. BigPanda intends to use new funding to expand its platform and grow market presence. The company has raised more than $120M in total funding after the latest round. BigPanda provides an Algorithmic Service Operations cloud platform that employs machine learning to process large volumes of alert traffic from fragmented clouds, applications and monitoring tools into a manageable number of incidents. The company says its platform reduces IT noise by an average of 91 percent for large enterprise customers and launched an “Open-Box” machine learning capability to give customers visibility and control. BigPanda has more than tripled bookings in the past 12 months, added major enterprise customers including Intel, Workday, Turner Broadcasting, Macy’s and Riot Games, and grown headcount by over 150 percent in the last year. The company targets the $23B IT Operations Management market and emphasizes replacing legacy IT event management tools and automating manual service operations. Management plans to accelerate its enterprise go-to-market strategy and expand technology leadership with support from new investors. BigPanda builds an Alert Correlation Platform that uses data science to analyze massive volumes of IT alerts from fragmented clouds, applications and systems and turn them into actionable insights. The company helps IT Ops teams detect and resolve incidents faster and minimize service downtime; its customer roster includes Gap, News Corp, Caesars, PayPal and Wix. BigPanda reported doubling its customer base in the prior six months and has signed integrations with Atlassian (JIRA, HipChat, Bitbucket) and an expanded integration with ServiceNow. Founded in 2012 and headquartered in Palo Alto, California, BigPanda said it will use new funding to expand its data science platform and grow its U.S. team. The company frames its mission around reducing costly IT service disruptions and improving incident resolution to protect revenue and customer satisfaction. Total funding to date is $30 million.

Participated · Series B · Jun 2022

Trovata is a multibank data platform for cash and liquidity management that provides real-time visibility, intelligent forecasting, and unified money movement for corporate finance and treasury teams. Its system is built on a serverless, microservices architecture and is AI-powered and API-driven. Trovata recently acquired ATOM, an enterprise Treasury Management System from Financial Sciences Corporation, and will integrate ATOM features such as debt and investment support, intercompany transactions, and a complete payment workflow. The acquisition is positioned to modernize and democratize treasury technology, creating a cloud-native alternative to legacy TMS providers and expanding scale, flexibility, and performance for global finance teams. Trovata also announced a $9 million strategic extension to its Series B, bringing total funding to $80 million. Trovata provides a platform to automate cash reporting, forecasting, analysis, and money movement, fully integrated with corporate banking APIs for multi-bank data aggregation, cash visibility, forecasting, and payments with no IT required. Led by CEO Brett Turner, the company serves mid-market and enterprise customers. Since its market launch nearly three years ago, Trovata has served hundreds of customers managing over $100 billion in cash and more than 50 million bank transactions. The company has opened offices in London and Amsterdam to support its European expansion. Trovata says it will use new funding to accelerate growth, expand operations, and broaden its business reach. Companies using the platform can gain insights into cash flows and make business decisions more easily. Trovata.io provides a platform that aggregates companies' bank balances and transactions natively on wholesale banking APIs and acts as a high-performance data lake for bank data. Using AI and machine learning it automates cash-centric workflows such as cash reporting, analysis, and forecasting, and generates forecasts by establishing baselines from historical trends. The platform normalizes data, translates non-USD amounts into USD equivalents, supports tagging by region/entity/division, and offers a Google-like natural language search with a 300 millisecond response rate. Founder and CEO Brett Turner launched the 35-employee company in 2019 to enable prebuilt bank integrations that remove legacy implementations and enable self-setup. Trovata says revenue is confidential, its average deal size is roughly $25,00, and it has grown from 0 to nearly 100 mid-market and small enterprise customers in 18 months while expecting to grow 4 to 5 times this year. The company plans to use new funding to deliver new services, accelerate multi-bank APIs globally, add more bank distribution partners, and will announce a new up-market enterprise product later this month. Trovata.io is a San Diego-based provider of automated cash reporting and forecasting solutions for corporate finance and treasury teams. The company offers a big-data automation platform that uses direct APIs to bridge banks and accounting systems and provide visibility into cash flow. Its solution targets small, medium and large companies with revenues between $20 million and $5 billion. Trovata's platform enables users to gain insights into cash flows and make quicker business decisions. The company said it will use the funds to continue expanding its development efforts and broaden its business reach. Brett Turner is the founder and CEO. Trovata.io provides an automated cash-management and forecasting platform that bridges banks and accounting systems using open banking and machine learning. The product helps businesses build and update cash forecasts by automating data aggregation, typically with setup in less than an hour. Trovata targets finance and treasury teams at companies with revenue between $20 million and $2 billion. Since its launch late last year the company says it has experienced rapid expansion. Leadership plans to use new funding to ramp sales and marketing, accelerate product development, and hire additional team members. The company is based in San Diego and is led by founder and CEO Brett Turner.

Participated · Series B · May 2022

Talos offers a unified platform that connects institutional investors to exchanges, OTC desks, prime brokers, lenders and custodians for liquidity sourcing, price discovery, trading, settlement and portfolio management. Its software-as-a-service tools are engineered to meet institutional requirements for performance, safety and reliability across front-, middle- and back-office workflows. Over the past two years the company has roughly doubled both revenue and its client base annually, underscoring accelerating institutional adoption. Talos has widened its capabilities through the acquisitions of Coin Metrics, Cloudwall, Skolem and D3X Systems, adding data, risk management, DeFi infrastructure and portfolio engineering functionality. Looking ahead, the firm plans to broaden its product set from portfolio construction and risk management to treasury and settlement, and to support traditional asset classes as they migrate onto digital rails. Headquartered in New York, Talos positions itself as the foundational infrastructure layer for the next generation of financial markets.