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DEAL NOTE: Crowell & Moring Advises Journey.ai in Strategic Financing Investment with Avaya

Firm News | 1 min read | 08.31.21

San Francisco - August 31, 2021: Crowell & Moring represented Journey.ai, a leading digital trusted identity platform provider, in its series seed financing led by Avaya Holdings Corp.(NYSE: AVYA). Denver, CO-based Journey is now part of the Avaya DevConnect partner ecosystem. With its use of multi-modal biometric technologies—including facial and voice authentication—Journey can confirm customer identity with 99.9999% accuracy in less than two seconds. The Journey digital trusted identity platform, enables enterprises to interact and transact with customers in a secure and simple manner.

Avaya, a $1.7 billion global technology company, is shaping what's next for the future of work with innovation and partnerships that deliver game-changing business benefits. Their cloud communications solutions and multi-cloud application ecosystem power personalized, intelligent, and effortless customer and employee experiences to help achieve strategic ambitions and desired outcomes.

Journey’s award-winning platform simplifies the development of digital relationships between businesses and their customers. Utilizing patented Zero Knowledge™ Network technology, contact center agents, bots, and other self-service applications can request, collect, verify and route customer data—from a variety of biometrics to eSignatures, payments and other sensitive information—without exposing customer data. The Identity Platform blends customer journeys across channels, eliminating the traditional tradeoff between fraud and friction, while simultaneously solving for security, privacy and extraordinary customer experiences. Journey is led by well-known veterans from the contact center, security, and networking industries. 

Crowell & Moring’s deal team was led by San Francisco-based partner Matthew Melville, counsel Matt Pelnar and paralegal Nathaniel Gagnon. In addition, Sam Krause, a senior counsel in the firm’s executive compensation practice, assisted on several thorny issues. The firm worked closely with Brett Shockley, CEO of Journey.ai, a serial entrepreneur with several successful exits, and a former senior executive at leading tech companies including Avaya, Cisco, and Spanlink. Click here for more information.

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Firm News | 1 min read | 07.16.24

Crowell & Moring Advises itselectric in $6.5 Million Seed Funding Round

New York – July 16, 2024: Crowell & Moring represented itselectric, a Brooklyn-based electric vehicle curbside charging company, in closing a $6.5 million in a seed funding round. The round was led by Failup Ventures and Uber Technologies, with additional participation from Halogen Ventures, The Partnership Fund for NYC, Pulse Fund, Newlab, Gratitude Railroad, Tale VP, Equity Alliance Fund, LACI Impact Fund, and The Helm. This new funding will support itselectric's expansion to seven U.S. cities in 2024, including Boston, Los Angeles, Detroit, Jersey City, and San Francisco, and will help meet the growing demand for convenient and affordable curbside EV charging solutions.With the rapid growth of EV sales in the U.S. and the increasing need for charging infrastructure, itselectric's innovative Level-2 charging posts offer a scalable solution. These chargers connect behind-the-meter to draw spare electrical supply from adjacent buildings, eliminating the need for utility permitting and coordination. This approach allows for zero-cost installation to property owners and cities, while also providing a revenue-sharing model that benefits property owners. Additionally, itselectric's UL-certified detachable cable EV chargers emphasize safety, customer experience, and product quality.New York-based corporate partner Matthew Moisan led the deal with assistance from counsel Justin Lurie and associate Justin Porter....