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C360 Technologies, a startup working in 360-degree video, receives $3.5 million in funding

COURTNEY LINDER
Pittsburgh Post-Gazette
clinder@post-gazette.com
3:28 PM AUG 2, 2017

A startup in Pine is the first Pittsburgh-area company and the fourth overall to receive funding from Boeing’s new venture capital arm, HorizonX Ventures.

C360 Technologies Inc. creates 360-degree video solutions for broadcast, and has been in operation since 2008.

C360 reported $3.5 million in an oversubscribed Series A funding round Wednesday afternoon, led by HorizonX and Wexford-based BlueTree Capital Group. An oversubscribed round includes more investment than was originally projected.

The company originally projected $2.5 million, according to a spokesperson.

HorizonX and BlueTree are also accompanied by investments from York, Penn.-based MI-12 Ventures and Pasadena Angels in California.

The company’s proprietary processes have earned it relationships with Fox Sports, CBS Sports, ESPN, TNT, NASCAR, the National Football League and the National Hockey League, among others.

Fox Sports used a camera from C360 for its Super Bowl LI coverage in February.

C360 develops 360-degree video and virtual reality content that does not require multi-headed cameras or “stitching,” which involves arranging multiple photos into one cohesive image.

The company also credits itself for having the “industry’s smallest pro-grade immersive camera,” according to its website. An immersive camera can shoot 360-degree video for use in virtual reality applications.

Investment from this round will be used to develop advanced features like C360 replay applications, additional camera controls and video insertion for virtual reality and augmented animation.

Boeing’s presence through HorizonX extends C360’s reach in future advancements in streaming virtual reality to second screen devices in the aeronautical industry. A second screen experience revolves around one device, such as a mobile phone, being used to enhance the experience on another device, like a television or monitor.

Potential aerospace applications of C360’s innovative video technology include more capable autonomous systems and other advanced platforms.

In the past few months, HorizonX has invested in an Austin, Texas-based artificial intelligence company, an aircraft manufacturing startup based in Kirkland, Washington and a Herndon, Virginia-based wearable technology firm.

“Boeing’s support for the growth of C360 Technologies is a testament to the capabilities of the company’s platform technology and founding team, said Catherine Mott of BlueTree Capital Group in a release. “We are very pleased with this partnership.”

​Courtney Linder: clinder@post-gazette.com or 412-263-1707. Twitter: @LinderPG.

 

 

Timberland x Thread is here!  Get yours now.  timberland.com/markmakers/thread

When you’re socialing the media, who to tag (and follow):

@timberland
@thread
#MarkMakers
#TimberlandCollective
#GroundtoGood

 

Thread is using recycling from Haiti to eliminate new plastic from your clothes

 

Niche.com sees 21 straight months of traffic growth

 

Global retail chain Timberland has partnered with Thread, a company that hires workers in developing countries to create environmentally sustainable textiles, to release a line of shoes and bags crafted from plastic bottles.

Thread uses materials collected in Honduras and Haiti to craft its fabrics, creating jobs for thousands of people in the developing world in the process, according to the company.

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Because Thread fabric is tracked throughout its creation, the partnership will allow Timberland customers to learn about the workers who’ve helped create the products they buy, as well as understand the impact each boot or bag has had on developing communities.

“Working together transparently, we’re able to look beyond recycled materials toward the rich social impact consumers care about and the stories that bring consumers to life,” Thread CEO Ian Rosenberger said in a statement.

ERIE, PA (PRWEB) JUNE 16, 2016
PA-based RendrFX now offers over a half million royalty-free studio quality HD videos, images and music to enable customers an easy way to add stock content and easily create custom videos for social media, websites and online marketing needs.

Continuing with the momentum of their official launch in May 2016, RendrFX has partnered with VideoBlocks to empower customers to create even more engaging video content. RendrFX customers now have access to VideoBlocks’ growing offerings of 110,000 studio quality HD videos and motion graphics; GraphicStock’s over 300,000 royalty-free vectors, illustrations and photos; and AudioBlocks’ over 100,000 royalty-free music, SFX, and loops.
“No longer does a customer have to spend time finding video and graphics. A partnership with VideoBlocks allows each customer to easily create even more video without the hassle of having to shoot video or photography or worry about commercial licensing sertraline 50 mg.”, says Mat Silva, co-founder of RendrFX. “It is a dream come true for social media marketers who have been struggling to create video. The traffic from the 24 billion+ social media video views that occur every day has been seemingly out of reach, until now.”

VideoBlocks content is available to each customer while creating a video within the RendrFX platform. Customers can easily browse available stock or upload their own content for use within their video.

With the hundreds of millions of hours of video viewed on Facebook, YouTube, SnapChat, Twitter, and other platforms each day, RendrFX’s easy to use video creation platform and VideoBlocks’ repository of stock video, imagery and audio truly give power to the customer to create engaging social video.

Over 170 designs can be accessed via http://www.rendrFX.com and videos can easily be created online without professional video editing skills, intensive computing, or extensive cost.

STRATHAM, N.H., June 2, 2016 /3BL Media/ – Global outdoor lifestyle brand Timberland today announced a partnership with responsible fabric manufacturer Thread, furthering both brands’ longstanding commitment to environmental and social responsibility. Crafted from plastic bottles collected in Haiti and Honduras, Thread™ Ground to Good™ fabric challenges how the world thinks about recycled PET. Going beyond environmental sustainability, Thread also creates social value in the form of cleaner neighborhoods and job creation for thousands of people. The partnership – the largest to date for Thread – will bear its first fruit in spring 2017, with a collection of Timberland® footwear and bags made from Thread™ fabric.

“We are beyond excited about partnering with Thread,” said Colleen Vien, director of sustainability for Timberland. “From the moment we met them, we knew this had the potential to be far more than a supplier relationship. Building community has always been at the heart of Timberland, and we were also inspired by the Haiti connection, given our work there over the past five years. Any time we find an opportunity to create both environmental and social value, that’s a big win. And Thread does just that.”

Made in the U.S. with up to 50-percent recycled PET from plastic bottles collected from the streets, canals and neighborhoods of Haiti and Honduras, each yard of Thread™ fabric is traced and tracked at every step of its journey, from bottle collection to fabric creation to the delivery of the fabric bolt to the manufacturer. This unprecedented transparency will allow Timberland consumers to learn about the people, the vibrant stories and the impact metrics behind each boot, shoe or bag they purchase, so they can know they are making a difference while also receiving the premium quality they expect from Timberland.

“This partnership is truly special. We’re proud to work with a brand with such a longstanding commitment to the environment and social responsibility,” said Ian Rosenberger, CEO of Thread. “Working together transparently, we’re able to look beyond recycled materials toward the rich social impact consumers care about and the stories that bring beautiful products to life.”

The Thread network provides jobs and income opportunities for nearly 3,600 people in the developing world, including roughly 1,800 bottle collectors, entrepreneurs and manufacturing employees in Haiti where the supply chain is based, and another 1,800 in Honduras. Beyond income, employees benefit from valuable services such as job training, process improvements and micro-loan programs.

Timberland also has strong connections to Haiti, making the partnership with Thread a natural fit. The brand recently culminated a five year commitment to plant five million trees in Haiti, which resulted in the creation of a self-sustaining agroforestry cooperative helping 3,200 smallholder farmers increase productivity on their farmlands, increase their incomes and create new opportunities for the future. To learn more about Timberland’s work in Haiti, visit kombitfilm.com.

Timberland and Thread will discuss their partnership, including the opportunities it presents to transform the way consumers and brands think about sustainability, at the Sustainable Brands conference in San Diego next week.

About Timberland

Timberland is a global leader in the design, manufacturing and marketing of premium footwear, apparel and accessories for the outdoor lifestyle. Best known for its original yellow boot introduced in 1973, Timberland today outfits consumers from toe-to-head, with versatile collections that reflect the brand’s rich heritage of craftsmanship, function and style. Timberland markets lifestyle products under the Timberland® and Timberland Boot Company® brands, and industrial footwear and workwear under the Timberland PRO® brand. Its products are sold throughout the world in leading department and specialty stores as well as company-owned retail locations and online. Timberland’s dedication to making quality products is matched by an unwavering commitment to environmental and social responsibility – in terms of its products, the outdoors, and communities around the globe. To learn more about Timberland, a brand of VF Corporation (NYSE: VFC), please visit timberland.com or follow us along the modern trail @timberland.

About Thread

Thread, a Certified B Corporation based in Pittsburgh, PA, transforms plastic bottles from the streets and canals of Haiti and Honduras into the most responsible fabric on the planet. Each product made with Thread™ fabric supports a vibrant network of dignified jobs in the developing world and the United States. See how atwww.threadinternational.com or follow the Ground to Good™ story @threadintl.

Katie Goudey
Cone Communications
+1 (617) 939-8435
Frank Macinsky
Thread
+1 (215) 630-9875

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