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Asset/Investment Management
summitaction.com

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Investments

12

Portfolio Exits

2

About Summit Action

The Summit Action Fund is an investment vehicle owned by the partners of Summit, which invests in startups that support disruptive innovation through new technologies and / or social activism and whose founders are entrepreneurs with strong morals and values.

Summit Action Headquarter Location

Eden, Utah,

United States

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Latest Summit Action News

Continuing the Work of the 2021 National Resource Management Summit Action Plan

Jan 13, 2022

Continuing the Work of the 2021 National Resource Management Summit Action Plan Continuing the Work of the 2021 National Resource Management Summit Action Plan Developing systems and processes that look at as many aspects of resource management as possible is important to maximizing buy-in from stakeholders. U.S. Army Corps of Engineers Louisville District Commander Col. Eric Crispino discusses debris removal with Kevin Jasper, Marty Wahking and Mark Cardwell Dec. 30, 2021 in Mayfield, Kentucky. USACE began removing debris in the city of Mayfield Dec. 23 after receiving a mission assignment from FEMA to provide debris removal and cleanup in Graves County. (U.S. Army Corps of Engineers photo by Charles Delano) On November 2, 2021, the National Alliance for Public Safety GIS (NAPSG) Foundation released the “Key Findings and Action Plan for 2021 National Resource Management Summit” ( https://www.napsgfoundation.org/new-publication-key-findings-and-action-plan-for-2021-national-resource-management-summit/ ). The project was funded through a partnership with the U.S. Department of Homeland Security’s Science and Technology Directorate. I had the honor and privilege of participating in the Summit along with a diverse range of other public safety stakeholders from across the United States. The goal of the summit was to “collaborate with the community in defining mission-critical requirements for resource management preparedness technology and tools that will maximize value and increase use among the state, local, tribal, and territorial agencies, and other partners.” ( https://www.napsgfoundation.org/wp-content/uploads/2021/10/2021-NRMS-Findings-and-Action-Plan.pdf ) From the seemingly mundane task of inventorying resources for annual insurance coverage, to tracking when equipment is due for routine scheduled maintenance, all the way up to deploying resources through the Emergency Management Assistance Compact for state-to-state mutual aid ( https://www.emacweb.org/ ), the value of good resource management processes cannot be understated. Developing systems and processes that look at as many aspects of resource management as possible is important to maximizing buy-in from stakeholders. This holistic approach is also important to supporting the adage “fight as you train.” Building muscle memory with how resource management systems work during normal, routine operations (such as for tracking for insurance, scheduled maintenance, replacement schedule, etc.) increases the probability that those systems will be used for resources management during large-scale disaster response. Finding, developing, and maintaining technology systems that support effective resources management is a vital need. The Federal Emergency Management Agency (FEMA) and DHS S&T, along with the NAPSG Foundation, leveraged the National Resource Management Summit to identify the mission-critical requirements for resource management technology with the stated goal of increasing the value-add of such systems to state, local, tribal, and territorial agencies as well as other partners. Based on the findings identified by the Summit, an action plan was developed that lays out specific requirements for the National Resources Hub suite ( https://preptoolkit.fema.gov/web/national-resource-hub/about ). While establishing a timeline was not within the scope of the NAPSG’s work, I strongly encourage FEMA and DHS to continue the work that has been started by this Summit with regards to resource management. The provided Action Plan lays out specific, measurable, attainable, relevant goals (S.M.A.R.T goals). The only thing missing is the time base for implementation. A few of the action items link to already existing tools (such as the FEMA Resource Typing Library Tool, RTLT) or existing training resources (FEMA’s National Emergency Training Center’s various programs), potentially leverage existing FEMA Public Assistance cost codes, are complementary to FEMA’s efforts to update the job titles and position qualifications, and are all in line with the National Incident Management System fundamentals. Resource management will always be a fundamental need of state, local, tribal, and territorial agencies as well as other partners for routine operations up to major disaster responses. FEMA’s and DHS S&T’s leadership and investments in this effort are vital toward improving the preparedness of the United States for all hazards. The 2021 National Resource Management Summit was a great initiative and the Action Plan should be utilized to keep this important work moving forward. Tags Mark Ray is passionate about the public works profession and the essential role it plays in designing, constructing, operating, and maintaining critical infrastructure. Public works professionals make normal happen in the community they serve and securing critical infrastructure from all hazards, both human or natural caused, requires a team effort between public works and homeland security stakeholders. Mark is committed to furthering collaboration and understanding between various groups in service to the collective goal of securing critical infrastructure that is vital to our nation.In his professional role, Mark is currently the Director of Public Works/City Engineer for the City of Crystal, MN. Mark has his undergraduate degree in Civil Engineering from the University of Wisconsin-Madison, a Master’s in Public Administration from Hamline University, and has completed the Executive Leaders Program through the Center for Defense and Homeland Security at the Naval Post Graduate School.Mark currently is the chair of the State, Local, Tribal, and Territorial Government Coordinating Council (SLTTGCC which represents the American Public Works Association on the National Homeland Security Consortium (NHSC), and serves on the Hennepin County Emergency Management’s Strategy Council. Mark is the founder of the Hennepin County Public Works Emergency Management Group and has spearheaded the development and adoption of the Minnesota Statewide Public Works Mutual Aid Pact. Mark is also the former chair of the American Public Works Association’s Emergency Management Committee and has written over 20 published articles on a wide range of topics; including themes around public works, homeland security, and resiliency. Mark has received a numerous national awards and recognitions from groups including American Public Works Association, National Weather Service, American Infrastructure Magazine, and Homeland Security Today.One of Mark’s mottos is “Actions speak louder than words” and it is with that approach that Mark is committed to actually doing things and supporting efforts to secure critical infrastructure from all hazards. Related Articles

Summit Action Investments

12 Investments

Summit Action has made 12 investments. Their latest investment was in Ometria as part of their Series C on November 11, 2021.

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Summit Action Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/11/2021

Series C

Ometria

$40M

No

15

1/11/2021

Series B

Moxe

Yes

1

9/23/2019

Series B

Ometria

$21M

No

Bright Pixel Capital, Octopus Ventures, and Undisclosed Investors

7

7/9/2018

Series B

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0

5/14/2018

Convertible Note

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$99M

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10

Date

11/11/2021

1/11/2021

9/23/2019

7/9/2018

5/14/2018

Round

Series C

Series B

Series B

Series B

Convertible Note

Company

Ometria

Moxe

Ometria

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Amount

$40M

$21M

$99M

New?

No

Yes

No

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Co-Investors

Bright Pixel Capital, Octopus Ventures, and Undisclosed Investors

Sources

15

1

7

0

10

Summit Action Portfolio Exits

2 Portfolio Exits

Summit Action has 2 portfolio exits. Their latest portfolio exit was TripleMint on May 03, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/3/2022

Acquired

3

2/24/2022

Merger

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10

Date

5/3/2022

2/24/2022

Exit

Acquired

Merger

Companies

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Valuation

Acquirer

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Sources

3

10

Summit Action Team

2 Team Members

Summit Action has 2 team members, including current Founding Partner, Carlos Rivera.

Name

Work History

Title

Status

Carlos Rivera

Founding Partner

Current

Brock Saunders

Founding Partner

Current

Name

Carlos Rivera

Brock Saunders

Work History

Title

Founding Partner

Founding Partner

Status

Current

Current

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