Key takeaways:
- Florida Innovation Capital (FIC) is leading a seed funding round for Third Summit, committing $2.75M of the $4.5M funding for its flagship SaaS platform, Alteon.io.
- Alteon.io is a cloud-based platform that helps content creators more easily upload, share, review, archive and collaborate on media in a single, universal place.
- FIC believes that Alteon.io is a future unicorn for Florida, focused on the burgeoning $100-billion creator economy.
- Alteon.io recently saw a 104% increase in total users and has formed high-profile partnerships with leading tech companies, including Apple, Opera, and IBM.
- Alteon LaunchPad, a unique tool that simplifies the NFT minting process, underscores Third Summit’s commitment to bridging the technological gap between creators of all backgrounds on an international scale.
Florida Innovation Capital (FIC) is betting big on the future of content creation, leading a seed funding round for Third Summit’s flagship SaaS platform, Alteon.io. FIC has committed $2.75M of the $4.5M funding for Alteon.io to continue expanding the platform’s offerings and increasing its user base.
Alteon.io is an unprecedented, award-winning cloud-based platform that addresses pain points for content creators throughout the entire creative workflow, letting creators more easily upload, share, review, archive and collaborate on media in a single, universal place. Alteon.io leverages high-profile partnerships and integrations with leading creative tech companies, including Apple, Opera, IBM and others, to reduce creators’ reliance on single-purpose apps. Its vast scope includes proprietary cloud-based media transcoding, maximized data upload, AI organization, and Web3 integration.
FIC believes that Alteon.io is a future unicorn for Florida, focused on the burgeoning $100-billion creator economy. The creator economy is estimated to be worth more than $100 billion, with more than 50 million creators globally. With content consumption trends skyrocketing and streaming giants investing heavily to compete for audiences, the media-technology space has proven largely protected from recent startup troubles, banking collapses and recession fears.
Alteon.io recently saw a 104% increase in total users, in part thanks to a highly receptive creator community, a successful partnership with the Student Television Network, and high-profile integrations with companies such as Apple, whose Final Cut Pro Ecosystem welcomed Alteon last fall, shortly before the company debuted their iOS app.
Alteon.io also partnered with leading web browser Opera to unveil Alteon LaunchPad, a unique tool that simplifies the NFT minting process, underscoring Third Summit’s commitment to bridging the technological gap between creators of all backgrounds on an international scale. Alteon LaunchPad was announced during Art Basel Miami onstage with Miami Mayor Francis Suarez, who vocally supported the company’s mission.
Third Summit’s co-founder and CEO, Matt Cimaglia, said, “This milestone is only possible because of the hard work of everyone on our team along with our dedicated investors. We are united in our vision to build a product on a strong foundation, with core principles that will keep ahead with the rapidly expanding scale of today’s creator economy. We’re proud to be building infrastructure to help steer the future of creativity.”
FIC President Michael Munz said, “Under Matt’s leadership, Third Summit has built unprecedented partnerships with leading technology companies and developed a truly unique platform that
