Vytelle Closes $20MM in Series B Funding to Accelerate Genetic Progress in Cattle

LENEXA, Kansas, April 04, 2023 (GLOBE NEWSWIRE) — Vytelle, a precision livestock company, has raised $20MM in Series B funding to accelerate genetic progress in cattle. With this new investment, Vytelle will continue to expand its global operations, while delivering the most accessible, reliable, and predictable reproductive technology available to customers today.

The investment was led by Forage Capital Partners, a Calgary based growth equity fund that invests across the entire food and agriculture value chain. New investor, Mountain Group Partners, joins current investors, Grosvenor Food and Ag Tech, Open Prairie, Fulcrum Global Capital, Serra Ventures, and KC Rise to complete the round.

Forage Capital Partner, Jim Taylor said, “Vytelle has proven their ability to scale and deliver consistent results for the benefit of cattle producers aiming to accelerate genetic progress around the world. We are impressed with Vytelle’s track record of growth and delivery and are excited about what the future will bring.”

Vytelle’s integrated technology platform combines Vytelle ADVANCE, a breakthrough in vitro fertilization (IVF) technology, with Vytelle SENSE, an animal performance data capture system, and Vytelle INSIGHT, an artificial intelligence based genetic analytics engine.

As the fastest growing advanced reproduction company, Vytelle is easily accessible to more than 50% of the US cow herd. Combining this footprint, with Vytelle’s curation of the world’s largest multibreed efficiency database, provides the infrastructure to impact bovine genetic progress rapidly. Progressive cattle producers can use the technology to multiply the impact of elite livestock productivity and profitability, sustainably delivering more protein with fewer inputs.

“We are delighted to have secured this new investment; this is indicative of strong market interest in our products and services. Our mission is clear, and we are grateful for the support of our investors who join us on our journey to ensure meat and milk are viable food choices for future generations.” said Kerryann Kocher, CEO of Vytelle.

About Vytelle

Vytelle is a precision livestock company reshaping how cattle producers worldwide optimize their herds. Through Vytelle’s integrated technology platform, generations of genetic gains can be made in just a few years. This allows producers to sustainably deliver more protein with fewer inputs, helping to ensure meat and milk are viable, competitive food choices for future generations. For more information about Vytelle, please visit www.vytelle.com.

About Forage Capital Partners

Forage Capital Partners is Canada’s most experienced team of Ag & Food investors, having managed over $500 million in commitments to the industry over the last 18 years. Forage Capital Ag & Food Business Solutions Fund works to provide its portfolio companies with the stability and flexibility they need to expand and adapt their business models during these challenging times. The fund will invest with creative business owners that are looking to capitalize on new and innovative opportunities. For more information on Forage Capital Partners, visit www.foragecapitalpartners.com.

About Mountain Group Partners

Mountain Group Partners is a Nashville-based venture capital firm that invests in early-stage companies predominantly in the life sciences, animal health and disruptive technology sectors.  The firm has invested in companies across animal health primarily in companion animals and technologies centered on improving protein production.  Mountain Group takes a hands-on approach to investing based upon its deep operational experience and currently has over $300 million in assets under management. For more information on Mountain Group Partners, visit www.mtngp.com.

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Lisa Rumsfeld
Vytelle
lisa.rumsfeld@vytelle.com

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Decision Intelligence Leader & AI Innovator Quantexa Raises Valuation to $1.8 Billion With Completion of Series E Funding Round

GIC leads funding round of $129 million with Warburg Pincus, Dawn Capital and other existing investors participating

Quantexa joins elite group of UK tech companies reaching breakout Unicorn status

LONDON and NEW YORK, April 04, 2023 (GLOBE NEWSWIRE) — Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced today that it has completed a $129 million Series E funding round. The latest investment round secures the British tech company’s unicorn status with a valuation of $1.8 billion and will accelerate the execution of its growth strategy within the *$230bn Decision Intelligence category.

The round was led by GIC, a global institutional investor, and existing investors also participated, including Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO Ventures, and AlbionVC. This investment comes less than 18 months after Quantexa closed its $157 million Series D funding round in July 2021 and just weeks after its acquisition of Aylien, a Dublin-based leader in natural language processing (NLP) and advanced AI.

In what has been a difficult period for many tech companies, Quantexa continues to post impressive growth, having grown their ARR over 100% since closing their Series D round. In the same time period, Quantexa has seen robust growth in all regions, including a breakout performance in North America, with an increase in ARR of over 180%.

The success comes on the heels of Quantexa’s continued geographic expansion efforts which has seen the company grow from 500 to 650 employees over the past year and open new offices in New York City, the UAE, Amsterdam, and a new Technology and Analytics Hub in Malaga Tech Park, Spain, in November 2022. This new capital will ensure that Quantexa continues to grow its global presence and invest in its world-class engineering talent.

Quantexa also plans to use the funding to boost technology innovation efforts and strengthen its Decision Intelligence Platform capabilities in low-code data fusion, graph analytics, machine learning (ML), natural language processing (NLP) and artificial intelligence (AI). Additionally, Quantexa will increase focus on accelerating joint go-to-market efforts with its flagship partners which include Google, Moody’s, Accenture, KPMG, Deloitte, and EY.

Deployed in more than 70 countries, thousands of users across banking, insurance, telecoms industries, and within public sector, rely on Quantexa’s outcome-driven solutions to protect, optimize, and grow their organizations. Quantexa’s growing customer-base includes BNY Mellon, HSBC, Standard Chartered, Danske Bank, Vodafone, and The Public Sector Fraud Authority in the UK Cabinet Office.

Vishal Marria, CEO of Quantexa said, “After closing our Series D investment round, Quantexa has been on a transformational journey, accelerating the growth of our global software business and firmly establishing our leadership position in the emerging Decision Intelligence category. In a challenging market we have doubled our ARR, our user base, and continue to penetrate new markets and industries. This infusion of capital will fuel further innovation, diversification, and expansion, and opens exciting options for our future.

“It’s a real testament to our vision and trajectory to have such a significant contribution from our new investor, GIC and the majority of our Series D investors – in our latest round. We warmly welcome GIC and thank our existing investors for their continued confidence in our ability to generate growth and accelerate the path to profitability.”

*Total addressable market (TAM) estimate is based on Quantexa proprietary research with data from sources including IDC, Chartis, GreySpark (GS), Allied Market Research, and Inkwood Research.

About Quantexa

Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 600 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Toronto, Malaga, Brussels, Amsterdam, Luxemburg, Singapore, Melbourne, Sydney, and the UAE. For more information, please visit www.quantexa.com or follow us on LinkedIn.

About GIC

GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. As the manager of Singapore’s foreign reserves, GIC takes a long-term, disciplined approach to investing and is uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital and infrastructure. Its long-term approach, multi-asset capabilities and global connectivity enable it to be an investor of choice. GIC seeks to add meaningful value to its investments. Headquartered in Singapore, GIC has a global talent force of over 1,900 people in 11 key financial cities and has investments in over 40 countries. For more information, please visit www.gic.com.sg or follow on LinkedIn.

Media Enquiries 
C: Stephanie Crisp, Associate Director and Media Strategist, Fight or Flight
E: Quantexa@fightflight.co.uk

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
– or –
RapidResponse@quantexa.com

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Loko-Oweto, 2nd Niger Bridges completed by Buhari administration -Fashola

The Federal Government says it has completed the Loko-Oweto Bridge and the 2nd Niger Bridge and both would be commissioned and handed over before May 29.

The Minister of Works and Housing, Mr Babatunde Fashola, said this during the inspection of the completed Loko-oweto road and bridge on Tuesday in Nasarawa.

Fashola said that the contractors had promised to complete the project by the end of March and they made good their promise.

“So that’s why we’re here today. Today is the 4th of April. So, they indicated last week that they had finished and you saw as we crossed each of the sections all of them with our officers reported completion.

“What remains now on this project is to send a report to the Office of the President to say that on this project, mission accomplished, and whatever date is then possible, to do a ceremonial handover,” he said.

Speaking further on the value of the Oweto bridge, Fashola said it crosses the River Benue while the second Niger bridge crosses the River Niger and that it is a North-South link while the river Niger is an East-West link.

“Coming from the South-East, for example, and you go through Otukpo to link Nasarawa, instead of going through Lafia to Keffi, you can now pass Loko and burst out at Keffi.

That reduces your journey time by about four hours. This is what this bridge has done in terms of business efficiency, reduction of travel time, reduction of travel costs, and ultimately ease of doing business.

“In terms of scope, there are two bridges here; the main bridge is 1.8 kilometers long. So it is 200 meters longer than the main bridge of the second Niger Bridge.

“Although the second Niger Bridge has a total of three bridges, and in terms of project scope, they aggregate to about 2.6 km.

“The two bridges here aggregate to 2.2 km. But individually, in terms of river crossing, this is 200 metres longer than Niger bridge,” Fashola said.

The minister said that the administration should be commended because this was a development that many African countries could not accomplish in today’s economy.

“We should be proud to project these developments because they are the basis of our future prosperity – linking people, creating opportunities, creating trade, driving commerce, and economic exchange.”

The News Agency of Nigeria reports that there is over 70 km of road linking Benue State to Nasarawa State and 74 km of road linking Benue and Nasarawa into the Federal Capital Territory Abuja is funded by SUKUK IV.

Speaking further on the Second Niger bridge, Fashola said it would be opened to traffic on May 15.

“The link road that we formally opened to traffic, the date we have now is the May 15 as of yesterday. We are rolling out all the stops to support the contractor to see that that date is achieved.

“Just about two weeks before the end of term, the President will be invited to the completion, and may be any day thereafter, he will be able to fly in and do the ceremonial.

“But by the May 15, the bridge should be fully open to traffic.” Fashola said.

Source: News Agency of Nigeria

Group asks Akpabio to contest for Senate Presidency

The Nigeria Civil Society Advocacy Group (NiCAG) on Tuesday in Abuja urged Sen. Godswill Akpabio to contest for the position of President of the 10th National Assembly.

The group, which comprises more than 20 civil society organisations and interest groups across the six geo-political zones, also urged the All Progressives Congress (APC) and other groups to support him.

While addressing a news conference to call out Akpabio, NiCAG’s Chairman, Mr Kenneth Obi, said they decided to urge Akpabio to contest because of what he has to bring to the table.

The News Agency of Nigeria reports that Obi, who read out a statement by the group was flanked by their Vice-Chairman, Dr Lawrence Okwara, and Director of Media, Pastor Shedrach Oka.

“Akpabio’s endorsement is coming on the heels of the several declarations made by some Senators who are also qualified for the position but cannot fit into the equation at this time .

“We therefore insist that Akpabio remains the best material for this top position under the present circumstances,” he said.

Obi added that Akpabio’s leadership of the Senate under Tinubu’s presidency would be the best thing to happen to Nigeria in terms of inclusive democracy and good governance.

“There is no doubt that Nigeria as a country and Nigerians as a people are going to through so much difficult times.

“We need patriots of discerning characters, competence and capacity to bring that optimal depth of leadership efficiency, balance and service delivery in our leadership quest for maximum output and impact.”

Obi said, “the National Assembly is a microcosm of the Nigerian state.

“Its politics must be played to reflect and satisfy the yearnings of Nigerians for equity, justice and fairness to the zones which have not produced its leadership since the return of democracy.”

The NiCAG Chairman pointed out that in the 24 years of democracy in Nigeria, the office of the Senate President has been held by almost all zones except the South-South zone.

“From 1999 to 2007 it was held by South-East from the Peoples Democratic Party (PDP).

“In 2007 to 2015, the Senate President’s office was held by the North-Central PDP, and from 2015 to 2019 it was held by North Central APC.

“From 2019 to 2023 it was held by North-East APC. So, from 2023 to 2027 at least, who should occupy it? Certainly, it should be the South-South,” he stated.

Speaking also, the group’s Director of Media, Pastor Shedrach Oka, said it was clear the South-West, North-West and South-South were the only zones yet to produce the Senate President in the past 24 years.

“With the President-elect from the South-West and the Vice President-elect from the North-East, the zone left behind and well-positioned to get it is the South-South.

“Therefore, there is the need to call on other zones to support the South-South in this endeavour.”

Oka said Akpabio deserved all support to become Senate President because he is a lawyer, grassroots politician, first-class strategist and a two-term governor.

“Our group has no doubt in our mind that Akpabio will be the most documented and successful President of the Senate that Nigeria would ever produce, given his uncommon Midas touch and track record of past performance.

Akpabio is a trusted bridge-builder and Nigeria needs a man that can uphold the unity of the country, stabilise and strengthen its democracy and the independence of the third arm of government with a strong consideration for national patriotism.

“We therefore, most respectfully, enjoin the leadership of the APC and other major stakeholders to appreciate the effort and sacrifices of the South-South in ensuring that the Tinubu-Shettima ticket emerged victorious during the presidential election,” the group’s spokesperson said.

Source: News Agency of Nigeria

Group lobbies for South-South geopolitical zone to produce next Senate President

Citizens Network For Peace and Development in Nigeria (CNPDN), a civil society group, has called on the All Progressives Congress (APC), to zone Senate Presidency to the South-South geo-political zone.

Making the call in Abuja on Tuesday, its National Secretary, Mr Francis Wainwei, told a news conference that the zone was better positioned to produce the next Senate President.

He said it was important and fair for the National Working Committee (NWC) and various organs of APC to consider the region for the post.

According to him, aside the fact that the zone has a ranking senator in the person of Sen. Godswill Akpabio, it has not produced a Senate president since Nigeria returned to democracy in 1999.

Wainwei also said that zoning the president of the senate of the 10th Assembly to the region would foster true sense of belonging.

“Considering the South-South zone will make for peaceful and smooth take-off of the new dispensation under the president-elect, Sen. Bola Tinubu.

“The call is also strengthened by the fact that the APC got more than 25 per cent votes in each of the six South-South states.

“This feat was achieved in spite of the fact that the region has been known as the stronghold of the opposition Peoples Democratic Party (PDP) before now,’’ he said.

Wainwei added that the South-South contributed greatly in ensuring that the APC won the 2023 presidential election.

On Apkapbio’s credentials, he said: “Godswill Akpabio is the right senator-elect.

“He has the competence, national acceptability and political experience to effectively pilot the affairs of the senate.

“As a former governor and minority leader in the Senate, representing the PDP, becoming President of the Senate as an APC member makes Akpabio a formidable bridge between the Executive and the Legislature.

“We call on all patriotic senators-elect to support and vote massively for Akpabio.

“We also call on all patriotic Nigerians who want the `Nigeria of our Dreams’ to prevail on the APC to zone the position of Senate President to the South-South geopolitical zone,’’ Wainwei stressed.

The News Agency of Nigeria reports that based on Senate Standing Rules, only ranking senators are eligible to contest for the position of President and Deputy President of the Senate.

Wainwei said also that the in-coming government should distribute available political positions equitably among the six geopolitical zones to enhance national unity.

“As patriotic citizens, our primary interest is the unity and prosperity of the nation; hence, this is a clarion call to the ruling party to do the needful.

“The party and incoming government should promote government of national inclusion, equity and fairness to all geopolitical zones,’’ Wainwei said

Source: News Agency of Nigeria

Association seeks industrial relations dept in MDAs

The National Association of Nigerian Nurses and Midwives (NANNM) has called for consideration of industrial relations department in all government agencies and private organisations.

The call was made on Monday in Abuja at the opening session of the 14th NANNM labour/induction workshop for labour unions of Federal Health Institutions sector (FHIS), across the federation.

The News Agency of Nigeria reports that the workshop, which would last for four days, has the theme: “Building grassroots leadership capacity for managing modern trade unions in Nigeria”.

Mr AbdullahiYahaya, a former Chairman, NANNM-FCT, said that the industrial relations department would serve as a mediator between government, management and employees.

Yahaya, who is also a former Chairman of the Nigeria Labour Congress (NLC), FCT-council, said industrial relations, if properly harnessed and used, would avert industrial crisis.

He said such department in most organisations in Nigeria, was lacking, adding that with such department on ground, strikes and lockouts seen in work places would vanish.

“Unfortunately in many of our ministries, we don’t have that department, this department is supposed to be headed by a director, the function of the department is to interact with leaders of industrial union, labour leaders in the organisation.

“This department will be the one to set agenda for peaceful negotiation, workers by nature will definitely have demands from their employers being it promotion, wages, hours of work, equipment for work.

“These are issues that will always come up between the two parties. The department of industrial relations is that middlemen that looks at the issues the workers are demanding and bring it up to the management.

“So there should be a deliberate effort by factories, ministries and hospitals to have this department that will solely be responsible for labour issues and nip them in the bud to avert crisis,” he said.

Mrs Francisca Okafor, Director, Nursing Services, Federal Ministry of Health, expressed happiness about the workshop and the success of the election that brought the labour leaders to power in their various organisations.

According to her, the labour leaders from the FHIS are starting well as the workshop will arm them with what they need and the kind of leadership they should exhibit for unionism.

She said that unionism was not to be quiet, unionism represented a professional group before the government, before the management, adding that they had come, armed with the needed tools for trade union.

Okafor urged the labour leaders to see themselves as serving in the place of Christ, the divine physician and the ultimate healer, irrespective of their belief.

“God has called us to be able to minister to people who are less privileged, this must be done in a conducive environment; we chose this profession in love to be able to minister well for government and to give us the support.

“This is why I am happy that this people are starting on a good note with the workshop, on how to negotiate better, to reach out, advise government and improve the working environment,” she stressed.

Dr Farouk Abubakar, Secretary General/Registrar, Nursing and Midwifery Council of Nigeria (NMCN) called on the participants to be attentive to every details at the workshop, to make them sound leaders.

Abubakar who was represented by Yahaya Sumi, Director, Special duties in NMCN, said that nurses did not only work in the hospital, they should be able to also manage issues in their environment.

Dr Ngozi Osunde, the former National Secretary of Forum, FHIS, and a Senior Lecturer in the nursing department, Igbinedion University, Okada, Edo State, urged the labour leaders to use the knowledge from the workshop wisely.

Osunde who is also the chairman of the occasion, advised the union leaders to always carry their members along in whatever agreement reached with the employers, to achieve their aims.

Deborah Yusuf, Chairman, NANNM FCT-Council, who spoke on the theme, called on the inducted union leaders to always adopt the instrument of collective bargaining with management/employers.

According to her, collective bargaining strengthens and settles a lot of things, and that they must always put themselves in order before any negotiation.

Earlier, Chairman of FHIS, Nurse Morakinyo-Olajide Rilwan, decried the incessant assault on its members by patients, their relations and other health workers while discharging their duties.

He recommended that issues of assaults at the workplace should be handled with stringent measures and equal representation of people involved.

Rilwan said that any attempt to intimidate or unduly suppress its members shall henceforth no longer be accepted. (www.nannews.ng)

Source: News Agency of Nigeria