Florida Innovation Capital leads a $4.5 million seed funding round


Third Summit has received seed funding from Florida Innovation Capital , a venture fund dedicated to promoting economic growth in the Sunshine State. FIC has committed $2.75 million of Third Summit’s $4.5 million in funding to continue expanding its flagship SaaS platform, Alteon.io, whose recent partnerships and market reception exemplify the type of company FIC wants to support in Florida.

IC sees this daringly original startup, focused on the burgeoning $100 billion creator economy, as a future Florida unicorn. Alteon is an unprecedented, award-winning cloud-based platform that addresses content creators’ pain points throughout the entire creative workflow, allowing creators to more easily upload, share, review, archive, and collaborate on media in a single, universal location.

Alteon reduces creators’ reliance on single-purpose apps by leveraging high-profile partnerships and integrations with leading creative tech companies such as Apple, Opera, IBM, and others. Its extensive capabilities include proprietary cloud-based media transcoding, optimized data upload, AI organization, and Web3 integration.

Alteon saw an incredible 104% increase in total users in Q1 2023, thanks in part to a highly receptive creator community, a successful partnership with the Student Television Network, and high-profile integrations with companies like Apple, which welcomed Alteon last fall, shortly before the company debuted their iOS app.

Alteon also collaborated with leading web browser Opera to launch Alteon LaunchPad, a one-of-a-kind tool that streamlines the NFT minting process, emphasizing Third Summit’s commitment to bridging the technological divide between creators of all backgrounds on a global scale.

That ground-breaking tool was unveiled onstage at Art Basel Miami alongside Miami Mayor Francis Suarez, who enthusiastically supported the company’s mission.

According to Morning Consult, the creator economy is worth more than $100 billion, with more than 50 million creators worldwide. With content consumption trends skyrocketing and streaming behemoths investing heavily to compete for audiences, the media-technology sector has largely escaped recent startup woes, banking collapses, and recession fears.

Third Summit and Alteon have weathered market fluctuations by securing dependable capital to build a comprehensive and successful product that is now used by thousands of content creators worldwide.

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