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LottieFiles Raises Strategic Investment From Webflow Ventures & Figma Ventures

LottieFiles Raises Strategic Investment From Webflow Ventures & Figma Ventures

May 7, 2024 Craig Etkin

May 07, 2024 06:38 AM Pacific Daylight Time

SAN FRANCISCO–(BUSINESS WIRE)–In a landmark move, LottieFiles, an animation design platform, announced a strategic investment from Figma Ventures and Webflow Ventures. The current list of LottieFiles investors includes Adobe Fund for Design, Microsoft Ventures, Automattic, Square Peg Capital, and other marquee names. In total, the company has raised over $47 million USD, has over 9 million users and 280,000+ teams using its motion design platform.

“We recently added highly requested features to our Figma plugin, and we’re excited to announce our upcoming integration with Webflow, which will natively support the Lottie and dotLottie file formats, opening up new possibilities for our users.”

“We are on a mission to democratize motion design and are beyond excited to be working alongside such incredible partners across the design industry. As Lottie continues to be adopted by large organizations across the globe, we remain focused on reducing the learning curve required to create, collaborate, and ship animations,” said K. Minglani, Co-Founder & CEO, LottieFiles.

“Our integration with Figma has seen tremendous success, with over a million runs and hundreds of thousands of animations created,” said Nattu Adnan, Co-Founder & CTO of LottieFiles. “We recently added highly requested features to our Figma plugin, and we’re excited to announce our upcoming integration with Webflow, which will natively support the Lottie and dotLottie file formats, opening up new possibilities for our users.”

LottieFiles has been instrumental in popularizing the Lottie format and driving innovation in the motion design space. The introduction of the dotLottie format has revolutionized the way animations are stored and shared, reducing file sizes by an impressive 80% on average. With runtime libraries available for every major platform, LottieFiles ensures that these animations can be seamlessly integrated into any project, making it an essential tool for product teams shipping applications today.

The company’s key plugins and integrations also include an app for Canva, given Canva’s native Lottie support is perfect for teams of marketers and designers looking to bring the power of motion to their work suite.

LottieFiles recently introduced the Lottie Creation tool, a web-based motion design tool specially designed for creating Lottie animations. This After Effects-like tool empowers users to create stunning animations without the steep learning curve, making motion design more accessible than ever before. With this innovative tool and a commitment to pushing boundaries, LottieFiles continues to revolutionize the way people work with animations.

For more information, visit:

  • LottieFiles: www.lottiefiles.com
  • LottieFiles for Figma: www.lottiefiles.com/figma
  • LottieFiles for Webflow: www.lottiefiles.com/webflow
  • LottieFiles Case Studies: www.lottiefiles.com/case-studies

Contacts

Company Name: LottieFiles
Contact Person: Haris Ali
Email: press@lottiefiles.com
Website: www.lottiefiles.com

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, California, LottieFiles, San Francisco, Venture Capital

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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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Snorkel AI announced general availability of two new product offerings on the Snorkel AI Data Development Platform: Snorkel Evaluate and Snorkel Expert Data-as-a-Service. These launches advance its mission to turn knowledge into specialized AI—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. In addition, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition. This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.


In a statement Alex Ratner, Co-founder and CEO of Snorkel AI said, “We are seeing a surge of momentum around agentic AI, but specialized enterprise agents aren’t ready for production in most settings.” “Enterprises need domain-specific data and expertise to make this a reality. We’re excited to deliver on this need and help AI innovators develop expert data to bring their LLM and agentic systems into production with our new offerings, which round out Snorkel’s unified AI data development stack.”

Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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TicketManager, a global leader in event ticket and guest management solutions for the corporate enterprise, today announced Valeas Capital Partners, a growth-oriented private-equity firm, has acquired a majority stake in the company. Under the terms of the agreement, Valeas is committing $110 million to support TicketManager’s strategic growth plans. TicketManager Co-Founder and CEO Tony Knopp and COO Ken Hanscom will retain a minority interest in the Company. Founded in 2007, TicketManager is the category leader in providing software and services to manage end-to-end event ticket workflow and guest experiences. Serving as the central hub and system of record for data-driven organizations, the platform streamlines every step of the ticket management process. Every year, companies spend more than $600 billion on customer entertainment, yet 43% of corporate tickets are never used and fewer than 20% of organizations leverage modern software to optimize those investments and mitigate compliance risk.

In a statement Tony Knopp, CEO and Co-Founder of TicketManager said, “Live events are an important investment for businesses of all sizes. Whether major global sponsorships, naming rights for stadiums, luxury suites or even a few season tickets for the local team, companies use them to attract and keep customers while building their brands. But in today’s market, many companies struggle with growing pressure to show the value of their ticket spending.” “We knew there was a better way, and that’s why we created TicketManager – to make company tickets easy and prove the return on investment with cutting edge technology and services.”

TicketManager is a leading event- and guest-management platform that empowers companies to make client entertainment easy and drive greater return on investment. It offers convenient and simple technology to manage corporate sports and entertainment tickets, create exceptional guest life-cycle experiences, and measure effectiveness. TicketManager is trusted by more than 500 global brands including Verizon, FedEx, Adidas, Anheuser-Busch, and Mastercard.
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