
Alphabet's CapitalG Backs Adyen Co-Founder's Latest Startup Tebi
Tebi BV, the newest fintech firm created by Adyen NV co-founder Arnout Schuijff, has raised €30 million ($34.2 million) in funding, betting that more restaurants are on the hunt for a single platform to manage everything from reservations to inventory to payments.
The round was led by Alphabet Inc. 's independent growth fund CapitalG and included participation from existing investor Index Ventures, according to a statement. Tebi declined to disclose what it's now valued at after raising the funds.
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Associated Press
an hour ago
- Associated Press
MATRIXX Software Collaborates on Groundbreaking TM Forum Catalyst for Spatial Web Monetization
Team of global leaders to showcase telcos' advancing role in enabling immersive, context-aware digital experiences FOSTER CITY, CA / ACCESS Newswire / June 11, 2025 / MATRIXX Software, a global leader in billing and monetization solutions, today announced its participation in a groundbreaking TM Forum Moonshot Catalyst project titled 'Spatial Web: Open Gateway to the Immersive Future.' The project, developed in collaboration with industry leaders including Telefónica, TIM Brasil, Red Hat, Hansen Technologies and will be unveiled at TM Forum's Digital Transformation World (DTW) Ignite event, June 17-19, in Copenhagen, Denmark. The Catalyst showcases how telcos can become enablers of the Spatial Web through standardized, programmable access to network capabilities via the GSMA Open Gateway initiative and TM Forum's Operate APIs. It provides a blueprint for transforming connectivity providers into orchestrators of the immersive, context-aware digital experiences that will become the 'killer apps' of the Spatial Web. 'Real-time, scalable monetization capabilities will be central to telcos' role in the Spatial Web ecosystem,' said Marc Price, chief technology officer at MATRIXX Software. 'This Catalyst project demonstrates how telcos can unlock that potential by automating lifecycle operations, exposing new value through APIs and enabling flexible monetization models that appeal to developers and aggregators alike.' The Spatial Web Opportunity The Spatial Web is the next evolution of the internet, where digital content and services are seamlessly integrated with the physical world through technologies like augmented reality, real-time data and AI agents. It promises to deliver immersive, context-aware experiences for users and new monetization opportunities for businesses. Emerging use cases include interactive marketing and virtual storefronts, immersive games and contextualized spatial tourist attractions, each of which will be served by direct and indirect monetization models to underpin their commercial success. To realize its full potential, the Spatial Web requires a programmable network foundation-one that can provide low latency, high bandwidth and context-rich data services. Telecom operators are uniquely positioned to deliver these capabilities, enabling developers to build applications that interact intelligently with the physical environment in real-time. A Gateway to the Next Internet Era Built on TM Forum's Open Digital Architecture and CAMARA APIs, the Catalyst highlights the technical advances needed to support next-generation digital services. Key project innovations include: Collectively, these advances lay the foundation for commercializing high-value Spatial Web applications in numerous industries-moving beyond simple connectivity toward a forecasted $34B+ telco API economy. Scaling the Open Gateway The Open Gateway, initiated by the GSMA, standardizes network capabilities through APIs, enabling developers to build applications interacting directly with telecom infrastructure. By simplifying complex operator functions into programmable interfaces, like quality of service and identity, it bridges networks and cloud ecosystems, accelerating innovation and creating new monetization opportunities for telcos. With 73 operators and 43 channel partners supporting the MoU, the Catalyst project highlights the automation of these API deployments and commercialization at scale. Visit the Catalyst at DTW The 'Spatial Web: Open Gateway to the Immersive Future' Catalyst will be presented at DTW's Innovation Zone, kiosk i3.18. Attendees will experience how standardized APIs and real-time monetization can unlock new business models, speed developer onboarding and transform the telco role in the emerging Spatial Web ecosystem. Learn more about the Catalyst project here. About MATRIXX Software MATRIXX Software delivers a modern converged charging and digital monetization solution proven at scale. Global operators like Telefónica and Telstra, IoT providers like Tata Communications and network-as-a-service (NaaS) providers like DISH rely on the platform to overcome the limitations of traditional Business Support Systems (BSS). With MATRIXX, service providers can rapidly configure, deploy and monetize personalized, innovative offerings. Its cloud native platform delivers accurate, real-time information that improves customer engagement. MATRIXX enables commercial innovation and real-time customer experiences that drive revenue and growth opportunities across multiple markets. For more information, please visit Media Contact [email protected] SOURCE: MATRIXX SOFTWARE press release

Associated Press
an hour ago
- Associated Press
How a Chinese Copper Art Workshop from Jiande Win Hearts, Applause in Florence
FLORENCE, ITALY - Media OutReach Newswire - 11 June 2025 - From April 25 to May 1, the 89th Florence International Handicraft Fair in Italy was held. Tongshifu, a company from east China's Jiande City, stood out among more than 530 exhibitors worldwide with its exquisite copper artworks and received extensive attention. [VIDEO] At the dazzling booth of Tongshifu, every piece, from delicate and compact copper gourds to magnificent statues of Guan Gong, an ancient general known for his loyalty and bravery in battles, demonstrates a high level of artistry by taking the traditional lost-wax copper casting technique as the core and integrating modern aesthetics and cultural elements. The sculpture of Bumblebee from 'Transformers,' in particular, is an eye-catching Tongshifu collaboration with an internationally renowned IP. Using the high-temperature coloring technology for copper materials, it restores the mechanical texture and heroic fighting posture of the movie character, winning thumbs-up from numerous audiences. These exquisitely crafted, vivid, and well-balanced artworks not only carry forward the time-honored inheritance of Chinese copper art but also convey the vitality of modern innovation. Behind the stunning debut of Tongshifu at the fair lies the unremitting efforts of Jiande, where its headquarters is located, in painstakingly forging and cultivating cultural enterprises over the years, which have breathed new life into local traditional culture. Founded in 2014, Tongshifu faced many problems, such as a shortage of funds, in the initial stage of its business. Keenly aware of the start-up's problem and potential, the local government of Jiande took the initiative to assist the enterprise in applying for specific supportive funds totaling over 4 million yuan, a timely boost to the development of the start-up. Meanwhile, Jiande has attached great importance to highlighting cultural inheritance, which is the soul of Tongshifu's success. In 2020, Jiande conducted in-depth visits to Tongshifu to explore the value of the traditional techniques behind it, and helped the lost-wax copper casting technique of Tongshifu to be recognized as a local intangible cultural heritage. In 2024, the lost-wax copper casting intangible cultural heritage workshop was selected as the second batch of provincial-level projects in Zhejiang. This has not only continuously enhanced the brand cultural connotation of the enterprise but also attracted broader attention to this ancient technique. The ability of Tongshifu to reach the global stage of the Florence International Handicraft Fair benefits from the charm of the intangible cultural heritage behind it, as well as the accumulation and breakthrough of its design aesthetics, technological innovation, and cultural integration capabilities. As early as 2021, Jiande held a cultural and creative design competition, encouraging enterprises to showcase the development of the times with traditional techniques. Jiande is known for hosting the Xin'anjiang Hydropower Station, China's first large-scale hydropower station. The local government collaborated with Tongshifu to develop a copper relief painting of the hydropower station, setting a successful example of modern expressions of traditional culture. Today, thanks to continuous launches of new artworks with both artistic and collection value, Tongshifu has become a well-known brand with annual sales of hundreds of millions of yuan and 5 million fans. The lost-wax copper casting technique has a complex process and high costs, with each artwork requiring an independent wax mold, and the production process taking 30 to 45 days. In fact, for an enterprise like Tongshifu to shine on the world stage, it relies not only on the inheritance of culture, technological breakthroughs, and expressions of the times but also on the patient, meticulous, and dedicated cultivation and support of the local government. Hashtag: #FlorenceInternationalHandicraftFair The issuer is solely responsible for the content of this announcement.

Associated Press
an hour ago
- Associated Press
Sue Gray Appointed as Chair of Consello UK
LONDON, June 11, 2025 /PRNewswire/ -- Consello, the leading global advisory and investing platform, today announced that Sue Gray, Baroness Gray of Tottenham, CBE, has been appointed as Chair of Consello UK. In this role Gray will be focused on the expansion of Consello's presence in the UK across the company's various business segments. Gray, a distinguished British former senior civil servant and special adviser, whose career in public service has spanned over four decades, has held several influential roles within the UK government. Most recently she served as Chief of Staff to the then Leader of the Labour Party, and current Prime Minister, Sir Keir Starmer. Following the 2024 general election and Sir Keir Starmer's appointment as Prime Minister, she served as Chief of Staff at 10 Downing Street until last October. In February she was appointed to the House of Lords. Consello Founder, Chairman, and CEO, Declan Kelly said, 'Sue brings unparalleled insight from her decades of leadership in government service. Our entire team, as well as our clients, will benefit from her experience in countless ways and we are thrilled to welcome her to Consello.' Sue Gray added, 'I'm delighted to have the opportunity to join the team at Consello. What Declan and his colleagues have accomplished in building the company to date is very impressive and I look forward to further supporting that growth in the UK and globally.' Gray began her career in the UK civil service and went on to hold key roles in several major departments, including the Department for Transport and the Department for Work and Pensions. She then assumed a series of senior positions including Second Permanent Secretary in the Cabinet Office and the Department for Levelling Up, Housing and Communities. She also served as the Permanent Secretary in the Department of Finance in the Northern Ireland devolved government. About Consello Consello is an Advisory and Investing Platform with offices in New York, Atlanta, Miami, London, Barcelona, Belfast and Dublin. Consello's distinct advisory practices provide the complete strategic counsel today's leaders need to grow and transform their organizations. Consello's advisory expertise spans Corporate Advisory; M&A Growth; Marketing; Technology; Talent; and Sports and Entertainment. Dedicated teams operate in each practice, led by a leadership group with deep operational experience across industries, business growth stages and market cycles and with an expansive set of global corporate relationships. Consello's investment business, Consello Capital, identifies high-potential mid-market companies and invests capital and expertise to transform their growth. Consello Media Inquiries [email protected] View original content to download multimedia: SOURCE Consello