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Soil Connect Secures Funding, Launches New Products, and Welcomes New CEO

Soil Connect Secures Funding, Launches New Products, and Welcomes New CEO

February 5, 2025 Craig Etkin

January 28, 2025 10:15 AM Eastern Standard Time

PLAINVIEW, N.Y.–(BUSINESS WIRE)–Soil Connect, the leading dirt marketplace and dirt service provider for the construction and soil industry, is excited to announce several major milestones marking its transformative year. These advancements highlight the company’s commitment to innovation, customer success, and market leadership.

“Our team will look back on this time as the defining moment that launched the company into its next stage of growth and success.”Post this

Funding to Propel Innovation and Market Expansion

Soil Connect has successfully raised new funding, enabling the company to accelerate the development of its products and expand its market presence. This investment, led by Heartland Ventures, with participation from Cemex Ventures, AM Ventures, TIA Ventures, GS Futures, Stellifi VC and others reinforces confidence in Soil Connect’s mission to revolutionize the way developers, contractors, and suppliers manage their soil and dirt needs.

Improved Marketplace Product to Transform Dirt Matching

The company proudly unveiled its improved Marketplace product, designed to make the process of dirt matching for developers and contractors easier than ever. By leveraging match-making algorithms, this solution optimizes efficiency, reduces costs, and simplifies project planning for customers who have dirt to sell or customers who are looking to buy dirt in the construction industry.

Leadership to Drive Vision and Execution

Jonathan Alvarado has been appointed as Soil Connect’s new Chief Executive Officer. Alvarado brings extensive leadership experience and a bold vision to elevate the company to new heights. “This is an exciting chapter for Soil Connect,” said Alvarado. “Our team will look back on this time as the defining moment that launched the company into its next stage of growth and success.”

Cliff Fetner, the company’s co-founder and former CEO, will take an active position as an advisor on the board, continuing to contribute his vision and expertise to the company’s ongoing growth and success.

Product Expansion for Smarter Project Management

Soil Connect has also introduced new Dirt Production Management features, enhancing the ability of contractors and developers to manage their projects with real-time insights such as dirt volume, velocity, schedule and budget tracking. Additionally, the company is launching a Dirt Commodity Market Data reporting service for subscribing customers, offering actionable intelligence to make smarter business decisions by knowing fair market rates, supply demand balancing, and other metro-specific data that has never before been available.

Enhanced Digital Presence and Team Growth

Complementing these product innovations, Soil Connect debuted a new corporate website to provide a modern, user-centric experience for its growing audience. To support its expansion, the company also added key hires in Customer Success and Go-to-Market strategies, underscoring its dedication to delivering top-tier service.

Record-Breaking Year

  • Soil Connect surpassed 12,000 marketplace users, reflecting its growing popularity and effectiveness.
  • The platform facilitated the matching of over 40 million yards of dirt in 2024, resulting in customers saving an average of 34% on their dirt sourcing and hauling budget.
  • The introduction of a new subscription model has driven adoption and increased value for customers across all tiers.

A Vision for the Future

As Soil Connect looks to the future, the company remains committed to providing innovative tools, resources, and data to help developers and contractors work smarter and more sustainably. They are obsessed with dirt, and proud of it!

About Soil Connect

Launched in 2019, Soil Connect is dedicated to helping construction professionals tackle dirt-related challenges while achieving significant cost savings. By connecting those who have dirt with those who need it, Soil Connect customers save an impressive $5 per yard on average in dirt and dirt hauling costs!

Our platform brings transparency to the marketplace, utilizing match-making algorithms to facilitate closer, more efficient connections, all backed by an extensive dirt network. With Soil Connect, developers and contractors not only save money but also gain confidence, knowing they’re paying a fair market price for their dirt and that the job will be done on schedule and budget.

Contacts

Media:
Jonathan Alvarado
CEO
jonathan@soilconnect.com

(c)2025 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, New York, Plainview, Soil Connect, Venture Capital

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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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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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