Tag: LLC

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Sintavia Announces dollar25M Expansion in Hollywood, Florida

Apr 12, 2024 by Sujata Muguda 0 Comments #Brian Neff, #Florida, #Hollywood, #LLC, #Sintavia

Sintavia, LLC, the world’s first all-digital aerospace component manufacturer, today announced its single largest expansion in facilities and equipment since 2019. The $25 million investment includes additional advanced manufacturing space, large format printers, large format post-processing equipment, and component testing equipment. It is expected that with this investment, Sintavia will be able to meet the demand from the programs it supports across the U.S. Department of Defense for the balance of this decade.

“Looking into the next few years, it is clear to us that we need to make the investments today that will support the demand from our customers tomorrow,” said Brian Neff, Sintavia’s Founder and CEO. “As the world’s first truly all-digital aerospace component supplier, Sintavia is in a unique position to push the boundaries of what is possible in terms of designing and manufacturing next generation aerospace components along a single, fully digital thread. But to do that, you need first to have the right facilities, hardware, and software in place. That is what we are doing today in support of our customers and their critical programs.”

A major focus of the new expansion will be the continued design and development of high-performance thermodynamic components, in particular aerospace heat exchangers. Sintavia’s heat exchangers, which are enabled using additively designed triply periodic minimal surface structures, demonstrate improved heat rejection at comparative flow rates when evaluated against traditional versions. Additionally, the manufacturing sturdiness of a fully digital thread results in production yields close to 100%, multiples higher than manufacturing yields often experienced by traditional heat exchanger manufacturers.

As part of the expansion, Sintavia signed a long-term lease on an additional 25,000 ft2 of manufacturing space adjacent to its existing headquarters, which it will use for printing, post-processing, and materials testing. New equipment included in the expansion includes Sintavia’s second SLM NXG XII 600, a third AMCM M4K-4, a second CT Scanner (450 kV), a second large air furnace, cold flow test machine, a shock and vibration table, pressure cycle testing equipment, acoustic testing equipment, multiple additional 5-axis CNC machines, multiple additional fatigue rigs, and multiple additional polishing machines. As it announced last October, Sintavia is also the North American launch customer for the AMCM M8K-K, the world’s largest industrially viable laser powder bed fusion printer, with an impressive cubic displacement of 38 ft3.

LA Ice Machine, LLC. Helps LA Businesses Save Money in More Ways Than One
Business

LA Ice Machine, LLC. Helps LA Businesses Save Money in More Ways Than One

Feb 10, 2022 by Praveen 0 Comments #LA Businesses, #LA Ice Machine, #LLC, #Save Money

LA Ice Machine, the commercial ice machine rental company that’s been operating in Los Angeles for the past four decades, has added more services to its programs. The ice machine lender revealed that it would be adding scheduled maintenance, on-call repair, and replacement services to all existing and future subscriptions.

Commercial and industrial ice machines are used for several purposes in the food, beverage, healthcare, and chemical industry. The automated technology is often equipped with ice bins to ensure pre-production, storage, and availability. A company representative believes they have added a fourth function to this technology.

“Our commercial ice machines enable pre-production, storage, availability, and minimum downtime,” said the representative. “By adding biannual scheduled maintenance to our subscriptions, we’re minimizing the downtime. How, you ask? Well, it’s quite simple. Every six months, we’ll be sending a team to make sure all the machines are in running order and fixing anything that isn’t, leading to fewer surprise breakdowns in the future. In the event of a breakdown, we’ll provide on-site and remote assistance. It would all be included in the subscription fee. What’s not to like about it?”

At present, the rental programs start at $134.99 per month and include unlimited water filter replacements, repairs, and biannual maintenance to optimize operations for over 2,430 businesses owned by 2,250 customers.

The ice machine company has installed more than 1,025 ice machines at various locations across Los Angeles, including food service businesses and restaurants, hospitals and healthcare providers, large facilities, corporate offices, hotels, and manufacturing or distribution plants.

Its primary goal is to provide clean and solid ice to these sectors by taking over the maintenance of its products and providing quick rehabilitation and replacement of machines and their individual parts.

MediBuddy closes $40 Million in Series B - the biggest round of funding in the Digital Healthcare space
Business World, News

MediBuddy closes $40 Million in Series B – the biggest round of funding in the Digital Healthcare space

Feb 3, 2021 by Rekha Nair 0 Comments #Bessemer Venture Partners India, #Co-founder & CEO, #Director, #FinSight Ventures, #JAFCO Asia Fund, #LLC, #Managing Director, #Managing Partner, #MediBuddy, #Mr. Devarajan TP, #Mr. Satish Kannan, #Mr. Vikul Goyal, #Mr. Yousuf Mazhar, #Mr.Vishal Gupta, #Ms. Supriya Singh, #representative of India Life Sciences Fund III, #TEAMFund, #Venture Partner

Bengaluru:  MediBuddy, India’s leading digital healthcare platform announced the closure of its $40 Million Series B Round. This follows the recent infusion of $20 million led by India Life Sciences Fund III, LLC, with participation from other investors. The digital healthcare platform had earlier announced an initial funding of $20 million (INR 150 crores) in June 2020 under this round. MediBuddy is led by co-founders Mr. Satish Kannan & Mr. Enbasekar, as the CEO and the CTO, respectively.

COVID-19 has created an unprecedented acceleration in digital healthcare adoption and MediBuddy has been at the forefront of this transformation. To-date, over 3 crore Indians have used the mobile and web platforms to access specialist doctors 24×7 on video, order medicines and book home collection of lab samples. In addition, several Fortune 500 companies in India have trusted MediBuddy as their preferred digital healthcare partner to help their employees access various healthcare benefits.

In June 2020, to create market leadership in the digital healthcare industry, DocsApp (India’s leading online doctor consultation platform) merged with MediBuddy. Going forward, both MediBuddy and DocsApp will operate under a single brand name – MediBuddy.

Addressing the press conference, Mr. Satish Kannan, Co-Founder & CEO, MediBuddy, said, “At MediBuddy, we strive towards making high-quality healthcare accessible to Indians across the length & breadth of the country. On any given day, we provide consultations to more patients than any leading offline hospital chain. Moreover, we are proud of the fact that over 50% of these users are from non-urban areas.”

Mr. Kannan also added that the potential of the MediBuddy platform has generated significant investor interest in the Series B round despite the uncertainty prevalent worldwide, helping it secure the highest funding in the digital healthcare space since the start of the pandemic. He also said that the Series B round attracted new investments from India Life Sciences Fund III, LLC, TEAMFund LP, JAFCO Asia Fund, FinSight Ventures, ALES Global Japan and Beyond Next Ventures. Existing investors including Bessemer Venture Partners, Milliways Ventures and Rebright Partners also participated in this round.

Mr. Vishal Gupta, Managing Director, Bessemer Venture Partners India, said, “We are fortunate to have been a part of Satish’s and Enba’s journey from the very early days. We continue to be strong supporters as they execute towards their aim of enabling more Indians to have access to high-quality healthcare.”

Mr. Vikul Goyal, Venture Partner, FinSight Ventures, said, “Telemedicine in India is growing at a monumental pace and the pandemic has only further amplified the importance of going digital. MediBuddy is by far the leader in the digital healthcare space in terms of scale, size & customers served; and we are excited to partner with MediBuddy in this growth journey to make high-quality healthcare accessible to a billion Indians.”

Mr. Devarajan TP, Managing Director, representative of India Life Sciences Fund III, LLC, on the Board, said, “The Fund is excited about partnering with MediBuddy and its dynamic leadership team with Satish and Enba at the helm. MediBuddy’s e-health platform enables customers access the entire gamut of healthcare services, be it tele-consultation services, lab tests or medicines, across devices. The Fund is particularly heartened by MediBuddy’s efforts at enabling such access in vernacular languages, which will be the key to meeting its mission of serving customers across the length and breadth of the country. Its marquee customer base, consisting of the India operations of several Fortune 500 companies, and many leading insurance companies, is testimony to the quality of services provided. The Fund’s representatives look forward to working with MediBuddy and supporting it in its endeavour to emerge as India’s preferred digital healthcare platform.”

Ms. Supriya Singh, Director, JAFCO Asia Fund, said, “The telemedicine market in India is a very large growing opportunity and MediBuddy is in a very strong position in this market. They have the most comprehensive platform to address the market needs. JAFCO Asia has been one of the key investors in Teladoc in the US which is right now at USD 38bn in market cap. JAFCO Asia is very proud to be a partner to Satish and Enba in the growth journey for MediBuddy.”

Mr. Yousuf Mazhar, Managing Partner, TEAMFund, said, “TEAMFund is very excited to partner with the team at MediBuddy, and is looking forward to helping build out their chronic disease management capabilities for remote patients. MediBuddy has built a first class, frictionless platform that integrates telehealth with essential lab and pharmaceutical services that we believe is amongst the best in the world. This is extremely valuable for patients across the country, and especially for those in rural and low resource areas who benefit from increased efficiency, lower cost, and increased access to specialized services.”

The digital healthcare platform will utilize the funding in further strengthening its doctor and hospital base, patient reach, product, technology and brand to move a step closer to its mission of providing high-quality healthcare to a billion people. Additionally, the platform has onboarded leading industry professionals over the last few months to drive critical areas, bolstering an already-strong leadership team.

With a network of over 90,000 doctors, 7,000 hospitals, 3,000 diagnostic centres and 2,500 pharmacies, covering over 95% of all pin codes in India, MediBuddy is well-positioned to strengthen its leadership position by providing 24×7 access to a range of healthcare services across India. MediBuddy is truly living up to its name of being a ‘buddy’ who can be trusted to meet all your healthcare needs.