DailyPay Announces $260 Million in New Funding

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Funds will be used to drive growth, product innovation and international expansion for the leading on-demand pay provider

NEW YORK, Jan. 24, 2023 /PRNewswire/ -- DailyPay, a leading financial technology company, today announced it has secured $260 million of capital to fuel growth domestically, expand internationally and further invest in product innovation. The funding is divided between revolving credit facility capacity provided by Barclays and Angelo Gordon, and new term loan funding from SVB Capital and a fund managed by Neuberger Berman.

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Axiom Cloud Raises $7.4M Series A to Transform Commercial Refrigeration using AI

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Axiom provides software-enabled services to major grocery chains and cold storage companies in hundreds of facilities across North America.

SAN JOSE, Calif., Jan. 18, 2023 /PRNewswire/ -- Axiom Cloud today announced its $7.4M Series A financing led by Blue Bear Capital. Following large-scale rollouts with major North American grocery chains and cold storage warehouse operators, Axiom raised its Series A to prepare for its next phase of growth. Axiom will use the funding to scale its software, operations, and sales teams to meet accelerating market demand for its refrigeration software. In total, Axiom Cloud has raised approximately $11.6M since its inception in 2020.

"We have followed Axiom Cloud's management for years and seen their refrigeration AI technology make an outsized impact, substantially lowering power use and refrigerant leaks, improving margins, and turning everyday cooling infrastructure into virtual batteries," said Ernst Sack, Partner at Blue Bear Capital and Board Director of Axiom Cloud. "2023 looks bright for companies like Axiom that can help staple retailers and supply chain companies lower cost, improve uptime, withstand labor shortages, and reduce their environmental footprint – all with an incredible ROI in the first year."

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1 big thing: Industry players unite to build trust in carbon storage

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👀 First look: A half-dozen companies are unveiling a joint initiative this morning to help verify that carbon capture and sequestration (CCS) projects work as intended, Ben writes.

Driving the news: Environmental data and software firm Project Canary, Denbury Resources — which uses CO2 injections to boost oil recovery — and other partners announced joint work to support "third-party independent environmental assessments and data measurement."

Why it matters: Carefully tracking the performance of capture, transport and sequestration projects will get far more important if the tech reaches the scale needed to be a strong weapon against climate change.

How it works: Members of the new "collective" plan to harmonize existing frameworks and requirements into a measurement, verification and reporting system that's applicable to various industries.

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Syndio Launches OppEQ Forecaster as Companies Look to Build Trust and Tackle the Next Transparency Wave

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New feature helps companies forecast when they’ll hit representation goals based on current practices, and model scenarios to help achieve goals faster

As companies post salary ranges to comply with new laws, they are grappling with investor and employee demands for more transparency into diversity and opportunity. Against this backdrop, Syndio is expanding its groundbreaking OppEQ™ product with Forecaster, a new representation forecasting tool. OppEQ Representation, which launched at the beginning of the year, gave companies the ability to measure current demographic benchmarks against available talent, and develop meaningful diversity goals. Now, with Forecaster, companies can forecast when they’ll hit representation goals based on current practices and model different scenarios to see their impact on diversity trajectories.

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