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JAY-Z's Venture Capital Firm, Marcy Venture Partners (MVP) invests in 24 Year-old Founder Iddris Sandu on an innovative tech incubator shaping the metaverse

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JAY-Z's Venture Capital Firm, Marcy Venture Partners (MVP) invests in 24 Year-old Founder Iddris Sandu on an innovative tech incubator shaping the metaverse

Marcy Venture Partners (MVP) invests in 24 year-old technologist Iddris Sandu’s impact-driven tech incubator: spatial LABS (sLABS). The multi-tiered partnership between MVP and sLABS will explore the unlimited possibilities at the intersection of tech, culture and humanity.

sLABS first endeavor is the launch of LNQ; an innovative, state of the art blockchain-enabled hardware platform. LNQ aims to make the metaverse more accessible and provide creators with decentralized tools to engage with their communities through LNQ’s proprietary, real-time processing stack.

The relationship between JAY-Z  and Sandu has been one in development, with sLABS previously collaborating on Augmented Reality partnerships with Beyoncé’s Ivy Park, Nipsey Hussle’s The Marathon Clothing Store, Rihanna’s Fenty line and Kanye West’s Yeezy, each of whom have collaborated with JAY-Z throughout their multi-hyphenate careers.

“Iddris has a conscious world view and a youth centric vision that is innovative and refreshing to witness. We share similar parallels in how we imagine impacting people in our lifetime. Partnering with him on this journey and others is very exciting.” – JAY-Z

This investment comes during a time of strong growth within the blockchain and cryptocurrency space.

“JAY-Z has always been at the forefront of cultural evolution and identifying the next leaders. Aligning with Marcy Venture Partners assists with our vision for elevating the youth as it relates to access and a means to true technological empowerment. The lasting impact of this relationship is not simply defined by the work we’re doing now, but by the immeasurable impact for generations of creators to come.”

– Iddris Sandu

A Ghana-native, Sandu was raised in Southern California and was always poised to be an agent of change and innovation. Since the age of 13, Sandu has been collaborating with leading global companies, such as  Apple, Google, Facebook, Adidas, Nike and many others.

In addition to being a technologist, Sandu’s entrepreneurial skills are equally astute in his ability to connect with multi-generational moguls and bring them together.

In 2019, Sandu was the recipient of the Thiel Fellowship; a two year program founded by Silicon Valley veteran Peter Thiel, one of the  earliest investors in Facebook, PayPal, and SpaceX .  Sandu shortly after founded halt LABS (an early sister entity to sLABS), a city infrastructure and transportation corporation that has garnered the attention and funding of impact-driven investors like NFL Professional Bobby Wagner,  Ron Burkel of Yucaipa Companies, NBA veteran Anthony Tolliver, Marcy Venture Partners, and Scooter Braun of Raised in Space – a VC fund backed by Ripple (XRP).

Acquisition

CSafe Global Announces Acquisition of Softbox Systems to Create the Global Leader in Temperature-Controlled Shipping Solutions

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CSafe Global Announces Acquisition of Softbox Systems to Create the Global Leader in Temperature-Controlled Shipping Solutions

CSafe Global, the leader in temperature-controlled container solutions for the pharmaceutical industry, announced today that it has acquired Softbox Systems, a provider of passive temperature-controlled packaging solutions for the pharmaceutical, life science and cold chain logistics industries, significantly enhancing CSafe’s passive product portfolio. Together, they will provide the most comprehensive suite of thermal shipping solutions and become a one-stop-shop for all pharmaceutical cold chain shipping needs, enabling delivery of critical temperature-sensitive products, including next generation biologics, cell and gene therapy, and mRNA therapies such as the COVID-19 vaccine.

The combined company, which will operate globally under the CSafe brand, will be the only cold chain platform with an end-to-end active air cargo and passive temperature-controlled packaging business spanning the complete spectrum of cold chain shipping solutions for the pharmaceutical and life sciences industries. Softbox’s well-regarded brands in the passive container space, such as SilverSkin, Silverpod and Tempcell, complement CSafe’s leading active product portfolio, particularly within air cargo. The acquisition will unlock opportunities for innovation as well as enhance CSafe’s sustainable and eco-friendly offerings, with new reusable and recyclable pallet and parcel solutions.

Around the globe, a large industry pipeline of life-saving pharmaceutical therapies with strict temperature profiles is accelerating the need for reliable, temperature-controlled shipping solutions. Moreover, future pharmaceutical advances will require a new generation of qualified fit-for-purpose packaging, along with sophisticated tracking technology, that also helps customers meet their sustainability and recycling goals.

“Through this combination, we will be the partner of choice for cold chain delivery of high value, temperature sensitive pharmaceutical therapies. Both CSafe and Softbox have proven to be reliable partners for customers seeking a secure way to deliver their life-enhancing products around the world,” said Patrick Schafer, CSafe CEO. “We’re thrilled to now offer our customers a platform that provides everything from the highest quality packaging to AI-enabled thermal and kinetic monitoring and logistics management.”

“Our businesses are each rooted in a commitment to excellent customer service and high product quality, which made this combination a natural fit,” said Kevin Valentine, CEO of Softbox. “Together we will proudly continue to partner with our global Pharmaceutical customers to devise and deliver the best solutions for their evolving cold chain shipping needs, supporting the delivery of temperature sensitive lifesaving medicines and vaccines.

“With the addition of Softbox’s product portfolio, CSafe strengthens its global infrastructure across air and ground while expanding its offerings for parcel delivery, all supported by the most advanced technology infrastructure,” said Todd Abbrecht, Co-CEO of Thomas H. Lee Partners, which first invested in CSafe in 2016. “We see an incredible opportunity for the combined company to serve as the international partner of choice for cold chain shipping solutions and remain on the forefront of innovation in the industry.”

“The acquisition of Softbox advances CSafe’s strategy to be the leading cold chain solutions provider with a full suite of products and services to meet the needs of its pharmaceutical customers around the globe,” said Ben Magnano, Co-Managing Partner of Frazier Healthcare Partners. “CSafe is an excellent platform to build upon and we, alongside our partners at THL, will continue to make investments to further strengthen the Company’s leadership position in pharmaceutical cold chain.”

As part of the acquisition, Softbox CEO Kevin Valentine will assume the role of president of CSafe’s Passive Temperature Controlled Packaging Division.

Terms of the transaction were not disclosed.

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Funding

Singapore startup Affyn, a rising star in the Metaverse space, held 2 oversubscribed fundraising rounds, bringing the total amount raised to more than US$7 million

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Singapore startup Affyn, a rising star in the Metaverse space, held 2 oversubscribed fundraising rounds, bringing the total amount raised to more than US million
  • Affyn’s private round was oversubscribed within a week of its website unveil, resulting in the opening of a new  strategic round that once again became oversubscribed, ahead of its presale on 18th December 2021.
  • Backed by more than 50 venture capitalists, institutional investors and partners, signaling high confidence and  strong demand for Affyn’s Play-to-Earn Metaverse.

SINGAPORE, Dec. 9, 2021Singapore startup Affyn, a blockchain-powered Metaverse project, is developing a  Free-to-Play and Play-to-Earn mobile game with integrated geolocation and augmented reality (AR) capability. 

Singapore startup Affyn, a rising star in the Metaverse space, held 2 oversubscribed fundraising rounds, bringing the total amount raised to more than US million

Reimagining Free-to-Play and Play-to-Earn

As a metaverse-based project with geolocation capability and AR mechanics, Affyn incorporates the fun concept where every in-game character, which they call “Buddy”, is a non-fungible token (NFT). If you are not yet familiar with NFT, it just means that the buddy actually belongs to you, and not to the game developers. This disrupts the traditional gaming industry where players grind thousands of hours for in-game items and currencies which they do not really own. 

Creating a Closed-loop Economy

Similar to how every game has its own set of currency, Affyn’s currency is also known as FYN tokens. The utility of FYN tokens is aimed to be highly versatile – apart from the usual in-game transactions, it is in progress to adopt  real world utility. By creating this integrated ecosystem whereby players can earn the tokens virtually, and being able to utilise them in the real world, a closed-loop economy is formed – driving the value of FYN tokens. 

Ensuring a Sustainable Game Economy

Affyn is one of the pioneers of the mobile Play-to-Earn model, created with the intention of changing the way players can derive value from the ecosystem as compared to traditional gaming platforms. The team spent more than a year designing a detailed blueprint to create a sustainable game economy. This helps to ensure rewards remain attractive to existing and new players in the long run. 

Lucaz Lee, Founder and Chief Executive Officer, who fronts the fundraising, on why he started this project: “Our idea of a Metaverse is a world where people can meet, play and connect not just virtually, but also in real life. By using blockchain technology as a bridge, Affyn aims to drive a global movement where we can play, earn, and  have more fun together at the same time.” 

To find out more about Affyn:

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/singapore-startup-affyn-a-rising-star-in-the-metaverse-space-held-2-oversubscribed-fundraising-rounds-bringing-the-total-amount-raised-to-more-than-us7-million-301440456.html

SOURCE Affyn

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Acquisition

AppNeta Acquired by Broadcom in Order to Bring Its Award-Winning Visibility Platform to the World's Largest Enterprises

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AppNeta Acquired by Broadcom in Order to Bring Its Award-Winning Visibility Platform to the World's Largest Enterprises

AppNeta, the leading network performance monitoring solution for the distributed enterprise, today announces that it will be acquired by Broadcom, Inc. (NASDAQ: AVGO). In combination with Broadcom DX NetOps, AppNeta will provide IT teams at the world’s largest enterprises with a single platform to understand who is using which applications, how they are performing, and how the application delivery chain may impact performance or quality of service.

Enterprises worldwide have been turning to Cloud, SaaS, and Internet technologies to help transform their IT workflows in parallel with the growing trend toward decentralized work. This evolution has brought forth tremendous opportunity for IT to play a strategic role in guiding business transformation, but has also created significant blind spots for network operations teams when it comes to how end-users are experiencing business-critical applications. And poor end-user experience isn’t just an IT issue. Left unchecked, it can have far-reaching business impacts ranging from poor customer experience to diminished employee productivity to unrealized growth.

By combining AppNeta’s scalable end-to-end visibility with Broadcom’s award-winning and proven infrastructure and AIOps capabilities, the world’s largest enterprises running the most complex networks will now have access to the ultimate, single source of truth to support their cloud journey.

“At AppNeta, we have always invested in scale — whether that be enabling you to support hundreds of offices, tens of thousands of remote users, or make sense of millions of unique performance metrics every day,” said Matt Stevens, AppNeta’s CEO. “Now, by combining our unique technology with Broadcom’s unmatched infrastructure and AIOps expertise, IT leaders can feel empowered to embrace cloud transformation knowing that they have complete visibility from a single platform.”

AppNeta currently serves the enterprise market and has 3 out of the 5 largest corporations by market cap and 4 out of the 5 largest cloud providers as customers. And since the global COVID-19 pandemic began, AppNeta has grown its work-from-anywhere presence by more than 500%, thanks to the world’s new hybrid work reality.

The company’s success in the large enterprise market was accelerated after a strategic investment made by Rubicon Technology Partners in late 2017. By sharpening the focus on the needs of the world’s largest and most complex networks, Rubicon’s partnership enabled AppNeta to invest in key product and go-to-market initiatives that have driven record-level growth and customer retention.

“We are excited about the new Digital Experience Management (DEM) capabilities AppNeta will add to our DX NetOps network monitoring solutions. Hybrid cloud deployments, work from home and prevalence of SaaS-based applications have made enterprises incredibly reliant on the Internet to deliver business- critical applications to employees and customers,” said Serge Lucio, vice president and general manager, Enterprise Software Division, Broadcom. “Visibility and control for most performance management teams ends at corporate network boundaries. With AppNeta, DX NetOps solutions by Broadcom Software have visibility into Internet connections and can monitor and manage digital experiences for any user across any cloud, mobile, SaaS or remote work scenario.”

To learn more about the news, please see this blog post from Matt Stevens, CEO, AppNeta.

About AppNeta

AppNeta is the only network performance monitoring solution that delivers visibility into the end-user experience of any application, from any location, at any time. With AppNeta’s SaaS-based solution, IT and Network Ops teams at large, distributed enterprises can quickly pinpoint issues that affect network and business-critical cloud application performance, regardless of where they occur. AppNeta is trusted by some of the biggest Fortune 1000 companies, including 3 out of the 5 largest corporations in the world, as well as 4 out of the 5 largest cloud providers.

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