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ADPList raises $1.3 million to help professionals and students get instant access to mentorship

ADPList

Global mentorship platform ADPList today announced US$1.3 million in funding from Surge, a rapid scale-up program by Sequoia Capital India for startups in India and Southeast Asia. ADPList is a platform for people to find, book and meet mentors around the world, providing anyone with access to some of the best minds - starting with the design and product management community. At present, there is no shared platform that makes cross-border mentoring easy, or offers a global network of mentors with different skill sets and at different levels. In the current creator economy, where people are keen to share, support and teach others, ADPList’s instant, one-click access to a global network has made it one of the industry’s most prominent platforms. What initially began as a means for designers to provide peer support, share career opportunities and offer mentorship to others impacted by the pandemic, has since organically grown to over 20,500 mentees, 2,500 mentors, and over 5,000 booked sessions per month. “We started ADPList during the height of the pandemic, and the success of the platform has since shown us that there is a global network of people ready to connect and provide support for others in their communities. The evolution of ADPList today continues to build on the belief that every mentors’ voice can transform people’s career anxiety to agency, and our platform provides them with an entirely new, accessible and engaging way to do so,” said Felix Lee, co-founder of ADPList. “From the first moment I started mentoring with ADPList, I knew it was more than an act of ‘passing on knowledge’. After clocking 6000+ minutes across ten time zones with 100+ mentees from more than 15 different counties, I can tell you one thing for sure: Every session is a unique exchange of our lives, our stories and our dreams. There is no better feeling when Amazing Design People find each other!” said Michael Tam, Global Design Director at IBM iX. On ADPList, mentors can indicate their availability on a shared calendar for mentees to select and schedule virtual sessions. Video calls are conducted within the platform along with feedback and ratings after each session. Beyond one-on-one mentoring, the platform also offers small group mentoring, townhall-style talks and other formats. ADPList started in 2020 as a list of names, sprouted by the founders’ desire to help the many designers who found themselves out of a job as a result of the COVID-19 pandemic. One tab in the open-source spreadsheet focused on mentoring, which received the most clicks. This eventually inspired the founder to build this into a platform, and that’s how Amazing Design People List - ADPList - was born. ADPList mentors work at companies like Spotify, Apple, Twitter, LinkedIn, Nike, Netflix, Twitch, Coinbase and many more. The company was incorporated in 2021 in Singapore by Felix Lee and James Baduor. Felix is a product designer turned tech entrepreneur. He was the Design Lead at Gotrade and Co-Founder at Packdat, which was acquired in 2018. He completed his studies at Singapore Polytechnic but decided not to go on to university, and instead pursue his entrepreneurial pursuits. Based in Ghana, James is passionate about community and design education, and taught himself Webflow and other NoCode tools. He has helped numerous students build design careers and worked with startups to validate their MVPs and launch their products. He is one of Webflow’s top creators in the world, with the number one most viewed project on the platform. The funding is supported by prominent angel investors Crystal Widjaja (ex-Gojek executive), JJ Chai (CEO of Rainforest), Quek Siu Rui (Co-Founder & CEO, Carousell), Ting Feng Toh (Co-Founder of GetGo), and Zopim Founders (Royston Tay, Wen Xiang Wu, and Yang Bin Kwok). ADPList is part of Surge’s fifth cohort of 23 companies that have developed new digital solutions to help companies and individuals live, work and learn better in a rapidly evolving Southeast Asian landscape. About ADPList Founded in 2020 and headquartered in Singapore, ADPList is a platform for people to find, book and meet mentors around the world, providing anyone with access to some of the best minds in the design and product management community. The company is on a mission to democratise mentorship and make it accessible for everyone through a community platform where people can find, book, and meet mentors around the world. Contact Details ADPList Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://adplist.org/

August 17, 2021 09:35 AM Eastern Daylight Time

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News Direct Joins OTC Markets Group’s Premium Provider Directory

News Direct

News Direct, the state-of-the-art news and content distribution service designed to meet the demands of modern media outreach, today announced it has joined the OTC Markets Group Premium Provider Directory in the News Dissemination section. Through inclusion in the Premium Provider Directory, News Direct’s news and content distribution services will be easily accessible to the thousands of companies that trade on the OTCQX®, OTCQB® and Pink® markets. News Direct is reinvigorating the newswire industry by utilizing rapidly advancing software technology to help companies succeed in today's challenging and ever-changing media environment. Notable features that are now more available to OTC companies include News Direct’s collaborative content studio including their proprietary SimpliFi ™️ capability that dramatically streamlines the earnings distribution workflow, 24/7 live customer support, standalone multimedia distribution and the most advanced security protocols in the industry. These services, combined with unsurpassed global reach, provide OTC companies with a more efficient distribution workflow that helps amplify their content beyond the traditional channels in today’s competitive business landscape. “We recognize that fast growing companies need an update to the news dissemination process if they’re to standout in highly competitive industries so we’re excited to offer access to streamlined solutions that enhance speed, control, security, and efficiency in the press release drafting and distribution process” said Gregg Castano, Founder and CEO of News Direct. “The way PR and IR professionals create, disclose and distribute company news has gone unchanged for decades and we’re happy to offer a modernized way to simplify workflow and increase effectiveness in drafting content and reaching relevant media outlets at scale”. News Direct designed a self-directed platform to empower communications professionals to work more efficiently, with greater control and flexibility. To secure sensitive information, the company mitigates third-party risk with two-factor authentication, cloud isolation technology, and secure sharing capabilities. Once media content is published, companies can assess goal-oriented analytic reports powered by AI software. Unlike other global newswires, News Direct media distribution comes at a flat-rate asset fee, regardless of word count or geographic distribution. To learn more about News Direct, please visit https://newsdirect.com. About News Direct News Direct provides news and content distribution for PR, IR, Corporate Communications and Marketing professionals. Our automated platform delivers a completely-reimagined, intuitive workflow, industry-leading security, transparent, flat-rate pricing and actionable analytics. Further, News Direct has deployed an array of innovation including advanced automation, isolation cloud technology and custom software for the most dynamic, efficient and flexible platform available today. To learn more visit newsdirect.com or follow us on LinkedIn, Twitter, Facebook, Instagram or YouTube. Contact Details Kevin Pryor +1 212-334-9753 newsdirect@n6a.com Company Website http://www.newsdirect.com

August 17, 2021 09:00 AM Eastern Daylight Time

David Lane, Co-Founder & President of LevLane Advertising, Sells His Ownership Stake in Agency to Co-Founder, Bruce Lev

LevLane

LevLane, the full-service, award-winning advertising agency, has announced that Co-Founder, Bruce Lev, has purchased the shares of his partner, David Lane, to become the sole owner, CEO and Chief Creative Officer. Lane will continue to be on staff with the agency as a consultant and will continue to maintain his relationships with the clients he now helps serve, as well as look for new opportunities for the agency. “This certainly is an emotional moment for the both of us,” said Lev. “David’s leadership, hard work and friendship have been central to what has helped us endure for 38 years. And though titles and ownership may change, what will never change is our commitment to each other, our commitment to our clients, and our commitment to great work. It was our philosophy when we started, and it will remain that way moving forward.” LevLane was founded by Lev and Lane almost 40 years ago and has grown into the nationally recognized agency it is today. LevLane, which has more than 75 full-time employees, has experienced steady expansion through the decades. “38 years ago, Bruce and I were determined to build an agency that produced the best work for our clients, and attracted the strongest talent around,” said Lane. “Seeing where we are today – with clients who inspire us and a staff that consistently outperforms expectations – it makes me so proud, and I’m excited to continue to be part of that in my new role as Agency Consultant.” Lev sees the transfer in ownership as a great opportunity to continue to take the agency to the next level. “The agency leadership has been shifting for the last five years,” said Lev. “It’s a natural progression that will ensure that our current client base, talent and growth will stay energized. It has been and will continue to be, a very exciting time in the evolution of the agency.” About LevLane LevLane is an award-winning, full-service, independent advertising agency in Philadelphia, PA that has been building brands that people love for nearly 40 years. Contact Details LevLane Liz Weir +1 610-401-4825 lweir@levlane.com Company Website https://www.levlane.com

August 17, 2021 07:00 AM Eastern Daylight Time

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BEE Launches New Features to BEE Pro to Further its Mission to Democratize Content Design

BEE

BEE, a business unit of Growens and premier digital content design platform, released two new features to its BEE Pro product, a no-code email & landing page design suite currently being used by designers, email marketers, e-commerce, higher education, business owners, agencies and entrepreneurs. These updates come at a time when BEE is seeing substantial growth with its BEE Pro paid subscription, forecasting upwards of 9k paid users. The latest BEE Pro features include: Increased collaboration through “ Mentions” feature. Users can now use a mention (@mention) to alert any team member of updates collaborating on a design project. Improved processes through the new “ Notification Center. ” This update keeps the user informed on mentions, exports or publishing of active design projects. These new features further BEE’s mission to democratize content design. Users can now initiate mentions to their teammates through the comment section while working directly in BEE Pro, eliminating the need to work across multiple platforms. They are able to invite their teammates to review a design, assign tasks and collaborate on all work completed in their specific brand, helping to keep the design process aligned. The notification center helps keep everyone up to speed with changes and edits for a faster collaborative process. These updates assure a faster collaborative process. “We are excited to see these new features go live in BEE Pro. It’s a big deal for teams to be able to collaborate in real-time on any project in one place” said Mariela Towers, Head of Marketing at BEE. “The design process for some teams often involves a lot of collaborators — BEE Pro is continuing to make it easier for team members to work together. Our internal team is excited to see the expanded features. We use BEE Pro for all of our email communications and have been able to cut 3 days out of our workflow. The new features have improved our collaboration processes allowing us to work that much faster.” These updates from BEE Pro are the latest following previously announced landing page capabilities, mobile design mode and co-editing tools earlier this year. Since launching in 2016 as an email editor tool, BEE continues to invest in feature developments for BEE Pro bringing maximum value to users, including multiple integrations built specifically for email server providers. About BEE: BEE provides no-code design tools that empower everyone to quickly create content that resonates. BEEâs visual builders are used to design emails, landing pages, one-page sites and more. They deliver fantastic design flexibility and a great user experience, combining granular control on design elements with handy features like editing content directly in mobile view. BEE is building on its vision to help democratize content design, with millions of monthly users in over 20 languages and from over 150 countries. BEEâs design tools are available online at beefree.io and embedded in 600+ SaaS applications. Contact Details Angelina Kaliszak angelina@kitehillpr.com Company Website https://beefree.io/

August 05, 2021 09:00 AM Eastern Daylight Time

Velocity Global hires tech operations leader Eric Schroeder as Chief Operating Officer

Velocity Global

Velocity Global, the leading provider of global employment solutions, added technology operations veteran Eric Schroeder as chief operating officer. Schroeder applies two decades of operations leadership to support clients, their distributed workforces, and scale Velocity Global’s worldwide team. “Eric led global safety operations for Uber, one of the world’s top tech companies that combines complex infrastructure with a simple human experience,” said Ben Wright, Velocity Global founder and CEO. “His global operations expertise aligns directly with our global work platform for an always-on connection between employers and the talent who rely on us for everything from timely, accurate payroll to customized compliant solutions in global markets.” Schroeder most recently was vice president of operations for autonomous driving company, Ghost. Prior to that, he was head of global safety operations for Uber and also held roles as General Manager for Utah and Northern California. Before Uber, he spent three years with McKinsey and Company in the U.S. and South Africa. Schroeder is also a proud Army veteran where he served in Special Forces and completed two combat deployments to Afghanistan. “My experience at Uber inspired a passion for the future of work — the balance of opportunity and owning how, when, and where you work,” said Schroeder. “I’ve long been impressed with Ben and the team at Velocity Global where I now direct that passion in a way the world has not yet experienced. The team built and maintains the backbone of global employment, enhanced by a first-class technology experience. The multifaceted platform connects employers with talent anywhere in the world.” The company’s global work platform simplifies the employer and employee experience through proprietary cloud-based workforce management technology, personalized expertise, and unmatched global scale. Users access a streamlined technology interface as well as partner with a dedicated experience team for individualized solutions and expertise. As the largest global Employer of Record (EoR) in 185 countries and all 50 United States, Velocity Global manages a client’s workforce and provides in-country and in-state compliance, payroll, and benefits for the supported employees. The company also offers Independent Contractor Compliance to assess a workforce, and Agent of Record (AoR) to streamline payments to contractors globally. Schroeder leads the customer experience and delivery team, global payroll and benefits, and worldwide operations with employees across five continents. About Velocity Global Velocity Global accelerates the future of work beyond borders. Its global work platform simplifies the employer and employee experience through proprietary cloud-based workforce management technology, personalized expertise, and unmatched scale. As the largest global Employer of Record (also known as International PEO) in 185 countries and all 50 United States, more than 1,000 brands rely on Velocity Global to build global teams without the cost or complexity of setting up foreign legal entities or state registrations. The company offers additional services including Independent Contractor Compliance to assess a workforce, and Agent of Record (AoR) to streamline payments to contractors. Velocity Global was named a “Leader” in Global Employer of Record services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across five continents. For more information visit velocityglobal.com. Contact Details Velocity Global John Hall +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

August 04, 2021 07:02 AM Mountain Daylight Time

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BLKBOX.ai launches intelligent media buying platform, enabling companies to scale profitably

BLKBOX

Over $378B is spent every year on digital ad spend as companies seek to engage consumers online using the latest technology to enhance their user experience and make purchases. AdTech business BLKBOX is launching their intelligent media platform to help companies make this ad spend go further and faster for them. Their SaaS-based intelligent and automated media buying platform generates profitable campaigns and scale ad spend 3x while reducing the time taken to manage end-to-end media buying from 6 hours to just 6 minutes. The platform offers enterprise businesses, large corporates and SMBs the ability to accelerate their digital campaigns using just three inputs: the creative assets, budget and KPIs. The platform automates the heavy lifting in campaign creation, audience creation, creative testing, advanced analytics, determines the winning bids, and also allocates budget against the best performing campaigns. Critically, BLKBOX acts as a growth enabler, frees time for media buyers to focus on outcomes, think strategically and take a wider view on spend as they target growth. Athar Zia, CEO and co-founder at BLKBOX commented: “Advertising and buying media serves as the growth engine for so many companies and we’ve seen how technology has enhanced creative outputs on so many levels. Yet there has been no innovation in large parts of the wider industry, especially for media buyers. It still remains a manual and time consuming affair and prone to human error. Our intelligent automation will quickly remedy this and deliver our express purpose, to help companies scale profitable ad campaigns. Just as the end creative is a growth hack for brands, BLKBOX exists to be the power supply to deliver that growth for all companies.” BLKBOX was established in May 2020 by ex-Facebook industry pioneers Athar Zia and Jay Shah who managed over $1b in ad spend for companies using the social media giant. BLKBOX has been growing revenues 50% month-on-month while operating a gated experience for multi-million dollar worth private and listed billion-dollar worth companies in the gaming industry over the last 12 months. Having helped them scale their ad spend 3x, BLKBOX is now opening their intelligent media buying platform to every company globally. “We have seen, at close quarters, how ad spend has worked for companies. The process is just not fit for purpose. Advertisers are judged on driving successful, profitable ad campaigns and fundamentally company growth. We are here to help. Using our experience and expertise in algorithms, we will improve operational efficiency, while removing human error and helping companies scale profitably” add Athar Zia. The BLKBOX intelligent media buying platform will initially focus on social media ad spend, chiefly on Facebook ads. Their reach will broaden over the coming year to encapsulate Google, TikTok, Snapchat, Apple, Twitter and Ad Networks. Athar Zia added: “We’re initially competing in a $378B annual digital ad spend marketplace but will broaden this quickly. We are democratising the media buying space, making it easier and faster for people to make ad spend decisions. Our overall aim is to turn anyone, regardless of experience, into a best in class media buyer. This will enable companies to scale faster, focusing on making products and creating experiences that their customers want.” In June 2021 BLKBOX were announced as one of three winners of the Facebook Business Hackathon which sought technologies that help companies scale growth. They were judged on our four criteria points - Innovation, Impact, Socially Postivitiness, Shippability. BLKBOX was announced as a winner alongside Microsoft and SAP. About BLKBOX AdTech business BLKBOX is leveraging advanced automation and financial algorithms to help companies acquire high-value users by providing greater visibility and control of their digital ad spend. BLKBOX was established in May 2020 by ex-Facebook industry pioneers Athar Zia and Jay Shah who managed over $1b in ad spend for companies using the social media giant. The platform offers enterprise businesses, large corporates and SMBs the ability to accelerate their digital campaigns using just three inputs: creative assets, budget and KPIs. Customers include Glu, Kabam, Redemption, Live Play Mobile, Radish, A Thinking Ape, Tala, and Industry leading Social Casino companies. In June 2021 BLKBOX were announced as one of three winners of the Facebook Business Hackathon which sought technologies that help companies scale growth. BLKBOX was announced as a winner alongside Microsoft and SAP Contact Details BLKBOX Bilal Mahmood +44 7714 007257 press@blkbox.ai

August 03, 2021 08:00 AM Pacific Daylight Time

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Agora Data’s CTO Chad Stilwell Presents at CIADA

Agora

Agora Data CTO Chad Stilwell will be presenting “ Leading-Edge Changes in Auto Financing ” at the Carolinas Independent Auto Dealers Association (CIADA) conference. Stilwell will highlight recent changes in auto financing and demonstrate how data analytics and advance technology can be used to improve portfolio performance. The CIADA conference is scheduled for August 5-8, 2021, at the Hilton Myrtle Beach Resort in Myrtle Beach, South Carolina. “Applying data and predictability to loan performance is ground-breaking for the subprime auto industry,” said Chad Stilwell, Chief Technology Officer of Agora Data. “In addition to the sophisticated analytics Agora uses to build our financing programs, we also make available to our members at no charge the ability to power up their portfolios using our technology platform. This allows our members to help evaluate real-time loan performance, identify opportunities to reduce risk, and make better decisions to build their businesses.” Agora Data is revolutionizing subprime auto financing by utilizing billions of dollars of historical loan data to predict loan performance with over 10,000 probabilities applied to each loan daily. With these robust data analytics, driven by artificial intelligence and machine learning, Buy Here Pay Here dealers and small to mid-sized finance companies have access to a wider range of capital options to help fuel growth. Applying data-driven solutions and certainty to an underserved and underbanked industry is enabling BHPH auto dealers to gain access to Wall Street capital and help level the playing field with the large dealer groups. Attendees won’t want to miss “ Leading-Edge Changes in Auto Financing.” It is the CIADA presentation that is changing the future for BHPH dealers and small to mid-sized financing companies. Visit Agora Data at booth #15 for a more personal discussion about increasing access to capital. About Agora Data, Inc: Agora Data is a platform built to deliver a suite of tools to empower buy-here-pay-here dealers and finance companies to maximize their success. Agora is disrupting and influencing the industry by connecting its dealer and finance company members to Wall Street and other capital resources that were previously only available to large dealer groups. Agora Data’s family of auto finance products provides a wide range of critical funding paths so originators can obtain the cash they need to fuel growth. Powered by Agora’s proprietary, radical, AI-infused technology platform, originators now have access to robust data analytics and planning resources to help optimize the performance of their portfolio. Agora Data made history by closing the first-ever Crowdsourced Subprime Auto Securitization in 2020 and followed that up with its second transaction in early 2021. For more information, visit agoradata.com and become a member or contact us at 877-592-4672. Contact Details Shelly Vandeven +1 682-282-4130 media@agoradata.com Company Website https://agoradata.com/

August 03, 2021 09:03 AM Eastern Daylight Time

Ereka Vetrini’s Guide to Summertime Fun

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/4K2p1T5ok44 This is the second summer in a row that Americans must be thoughtful when planning family getaways. Whether hitting the road or planning a staycation, most head of households still have safety top of mind. However, being careful doesn’t mean family and friends cannot enjoy some fun in the sun together. As a TV host, Lifestyle Expert, and Working Mom, Ereka Vetrini has figured out a way to balance her career and family time. She has come up with four easy ways to get the party poppin’ and keep it cool as the temperatures heat up over the summer months. STICK WITH THE TRADITIONAL: According to a recent summertime survey, most parents plan on spending more time outside with their families. That’s why Ereka suggests sticking to the tried and true, like beach days, barbeques, and hanging out by the pool. That way families get to spend time together outdoors while being safe and socially distanced from strangers. Before heading out-and-about, Ereka recommends packing up a tote with a new book, games for the kids, and treats the whole family will love. There’s a tasty candy brand crafted in Italy that recently launched in the United States. Fruit-tella Soft Gummies are made with fruit puree as the first ingredient. They come in two flavors, Strawberry & Raspberry and Peach & Mango. These candies are quite flavorful and each one has a fun and playful fruit character shape that makes for the perfect summertime treat. Fruit-tella can be found at CVS stores nationwide. www.us.fruittella.com Instagram: @fruittellaus Twitter: @fruittellaus https://www.facebook.com/Fruittellaus/ GET THE PARTY POPPIN’: Americas’ streaming addiction has only increased during the pandemic and parents are looking for new ways to watch TV programs and movies with their families. Ereka suggests outdoor movie nights. She says setting up a big screen in a backyard can easily do the trick, especially if you add America’s favorite snack. The most popular moviegoers treat, popcorn, just received a major upgrade with the newest innovation in microwave popcorn from Opopop. The secret to this brand’s taste is that each kernel is individually wrapped in exceptional flavors and a perfect mix of ingredients, prior to popping. Opopop comes in six fun flavors, including reimagined classics like Fancy Butter, and uniquely created experiences with Maui Heat, Vanilla Cake Pop, Salted Umami, Cinnalicious, and Chedapeno. Opopop can be purchased at Opopop.com. www.opopop.com Instagram: @opopopco https://www.facebook.com/Opopopco/ CHILL OUT: July is National Ice Cream Month and the perfect time to cool off as we head into those long hot dog days of summer. Ereka says nothing screams summer more than ice cream cake! She suggests keeping it easy with a few pre-made ice cream cakes like the Carvel ® Confetti Cake and the new Carvel Cookie Dough Cake from I Love Ice Cream Cakes. Ereka recommends keeping one in the freezer for family barbecues, get-togethers, pool parties, and to make everyday moments a touch sweeter. These cakes and others are available online and at grocery stores in the bakery or freezer section. ILoveIceCreamCakes.com has a helpful product locator. www.Iloveicecreamcakes.com Instagram: @LoveIceCreamCakes www.facebook.com/ILoveIceCreamCakes/ GRAB GEAR & GO: Many families are road-tripping throughout the summer months and that means children can catch up on reading, summer schooling, or gaming while heading to a destination. As a conscious consumer and parent, Ereka is often concerned about protecting her family’s tech gadgets from cracked screens and other mishaps that happen on-the-go. OtterBox for Kids combines trusted protection from OtterBox with products designed with kids in mind. These easy-to-use cases come in three different colors and offer an EasyGrab case stand to help little hands carry their tablet or easily hang a tablet between head rests. Other gadgets like the OtterBox Kids EasyGrab Mobile Charging & Audio Cable Bundle are available to keep the fun going while vacationing. OtterBox products are available at Verizon and Verizon.com. www.Verizon.com Instagram: @otterbox Twitter: @otterbox https://www.facebook.com/otterbox/ Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

July 27, 2021 12:15 PM Eastern Daylight Time

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Gumlet builds a new-age media delivery infrastructure for the internet

Gumlet

Gumlet, a SaaS startup providing a new-age media delivery infrastructure to automate the media publishing pipeline, today announced US$1.6 million in funding by Sequoia Capital India’s Surge. While media files such as images, GIFs, videos and animations are integral to all digital interactions and everyday experience, the current solutions for managing and publishing such content remain limited. This is largely due to their reliance on APIs that require deep integration, domain knowledge and constant maintenance. Gumlet helps developers across the globe automatically resize and optimise their images and videos as per the end user's device or browser, delivering high quality media at the lowest possible bandwidth. Founded in 2019, Gumlet saw an opportunity to create an easily-integrated tool to handle media processing for a plethora of formats, device sizes and platforms. Once integrated, all previous, new and upcoming images are automatically optimized for any user. Gumlet takes over resizing, compression, format conversion, transcoding, streaming, delivery and analytics for all media files. By providing low- or no-code integration plug-ins that automate the entire media publishing pipeline, Gumlet helps developers experience 30-50% better optimization without affecting quality. Gumlet currently serves more than 6,000 customers including online stores, news sites, blogs, EdTech startups, travel sites and crowdfunding portals. Customers include The Body Shop, Vera Moda, Gas Jeans, Hamleys, Colearn, Bloomberg Quint and Bestseller Group among others. Over four billion media files are delivered every week via Gumlet, resulting in 25% month-on month growth since the start of 2020. “Gumlet is all about offering a plug-and-play solution for media management and publishing. This in turn helps online businesses provide better UX, load pages faster, save cloud costs and improve SEO - resulting in tangible business impact. More than just delivering a SaaS tool for online publishers and businesses, our mission is to build a media delivery infrastructure for the internet,” said Aditya Patadia, Founder of Gumlet. According to Data Bridge Market Research, the media processing solutions market will reach an estimated value of USD 36.63 billion and grow at a CAGR of 13.85% in the forecast period of 2021 to 2028. Rise in the advancements in technology and significant growth of streaming services and platforms is an essential factor driving the media processing solutions market. “As the internet becomes increasingly global and data-hungry, serving images and video in a high-performance, low-latency environment is fundamental for all websites to earn customer trust. With Gumlet, developers never have to worry about managing different versions and sizes of media files again,” said Divyesh Patel, Co-Founder and CMO of Gumlet. Gumlet was founded by Aditya Patadia and Divyesh Patel, who previously built, scaled and successfully exited from Turing Analytics, a pioneering AI startup in the image recognition and visual search space. Aditya is also the creator of a popular open-source image resize library in the PHP language, which he launched in 2012. Angel investors Aakrit Vaish, Miten Sampat, Swapan Rajdev and Yash Kothari also participated in this round. Gumlet is part of Surge’s fifth cohort of 23 companies that have developed new digital solutions to help companies and individuals live, work and learn better in a rapidly evolving Southeast Asian landscape. About Gumlet Founded in 2019 and headquartered in Singapore, Gumlet helps developers across the globe automatically resize and optimise their images and videos as per the end user's device or browser, delivering high quality media at the lowest possible bandwidth. Gumlet currently serves more than 6,000 customers including online stores, news sites, blogs, EdTech startups, travel sites and crowdfunding portals.For further information visit: www.gumlet.com or follow on LinkedIn or Twitter. About Surge Surge is Sequoia Capital India’s rapid scale-up program for startups in India and Southeast Asia. Surge combines $1 million to $2 million of seed capital with company-building workshops, a global curriculum and support from a community of exceptional mentors and founders. The program’s goal is to supercharge early-stage startups and give founders an unfair advantage, right out of the gate. For more information on Surge, visit www.surgeahead.com. Contact Details Gumlet Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.gumlet.com

July 27, 2021 08:30 AM Eastern Daylight Time

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