Tag: 10M

Fitness tech company JAXJOX raises $10M as it gets ready to ship AI-enabled workout system

The JAXJOX InteractiveStudio exercise system. (JAXJOX Photo)

© Provided by Geekwire
The JAXJOX InteractiveStudio exercise system. (JAXJOX Photo)

JAXJOX, the Redmond, Wash.-based fitness technology company, has raised $10 million in a new funding round to help pay for the research and development of its signature InteractiveStudio workout equipment.


Load Error

The Series A round included investors Dowgate Capital Ltd. and entrepreneur Nigel Wray, and brings total funding to $17 million for the 3-year-old company.

JAXJOX is getting set to release its InteractiveStudio smart gym, a home fitness system that includes digitally adjustable weights, AI-enabled connected tech built into the equipment, and live and on-demand classes.

With connected tech built into individual pieces of free-weight equipment, such as a smart kettlebell, users don’t have to stand a certain distance from a screen to have form and motion tracked.

“By monitoring performance metrics and using AI, we can give users a more holistic view of their health and provide

Read More

TVUSD To Receive Part Of $10M Allotment For Distance Learning

TEMECULA, CA — Nineteen school districts, including the Temecula Valley Unified School District, are set to receive $10 million of federal CARES Act funds allocated by the Riverside County Board of Supervisors to Riverside County Office of Education Foundation’s “All For One” campaign, it was announced Friday.

The money will be used to order additional laptops and mobile hotspot devices to support distance learning for Riverside County students.

First announced in August, the “All For One” campaign will provide funds directly to the districts to address students’ needs related to distance learning, said Riverside County Superintendent of Schools Dr. Judy D. White.

“As schools and districts prepare to offer hybrid and in-person learning over the coming months, elements of distance learning will remain a necessity in socially-distanced classrooms, for completing homework, and to ensure continuity of education if COVID-19 or other emergencies force school closures,” White said.

“We have made

Read More

QuickStart Secures $10M to Grow Outcomes-Based Tuition Finance Program and Increase Access to Technology Education

NEW YORK, Sept. 16, 2020 /PRNewswire/ — QuickStart Learning, Inc., an IT skills workforce readiness and certification training provider, today announced a close of $10M in growth financing to expand its Income Share Agreement program. The capital will allow QuickStart to scale access to its Web Development, Data Science, Data Analysis, Cybersecurity, and Cloud Computing bootcamp and certification programs by helping individuals achieve their professional potential through an outcomes-aligned form of education finance. 

“Demonstrating a clear return on investment differentiates QuickStart from competitors in the space. Income Share Agreements provide a definitive indicator of a high-ROI educational program, while increasing access to that program simultaneously,” said Ed Sattar, QuickStart’s CEO. 

QuickStart has partnered with Leif, the market’s full-service Income Share Agreement Management Platform, to launch and manage the program. “Leif provided the technology and expertise to quickly launch our ISA program, allowing us to focus on maintaining our

Read More

ThoughtRiver nabs $10M to speed up deal-making with AI contract review

ThoughtRiver, a London-based legaltech startup that’s applying AI to speed up contract pre-screening, has announced a $10 million Series A round of funding led by Octopus Ventures. Existing seed investors Crane, Local Globe, Entrée Capital, Syndicate Room, and angel investor Duncan Painter also participated in the round.

The UK startup is one of a number applying AI to automate work that would otherwise be done by legal professions with the aim of boosting operational efficiency. Other startups playing in the space include the likes of Kira Systems, LawGeex and Luminance to name a few.

ThoughtRiver argues it has a different focus vs the majority of contract view companies because it’s focusing on pre-signature contracts — with the aim of making securing a deal faster. “Almost all others are just employed to pull data from existing contracts. ThoughtRiver is as much in demand by Sales teams as it is by Legal,”

Read More

Why a startup with $10M in annual revenue took 18 months to get VC funding

Back in 2006, Joseph Heller went to China where he spent the next decade learning about the manufacturing business. Based on that experience he eventually built a startup called The Studio. The idea was to help connect people with a small business idea to manufacturers in China in a fully digital way.

By 2016 he had grown his startup into a $10 million annual business with 100 employees around the world. But when it came to fundraising back in the U.S., Heller found it wasn’t easy for a Silicon Valley outsider to get in the door without connections.

He persevered and in 2018 landed an $11 million Series A from Ignition Partners, which allowed him to expand his business. But he still wondered if he would have done even better with the capital and guidance that comes from working with an early-stage VC firm in Silicon Valley much earlier in

Read More