Technology, AI and media executive to lead growth across NewsBreak and its new AI
businesses, Nearby and NDot in newly created role

MOUNTAIN VIEW, Calif., Sept. 15, 2026 — NewsBreak today announced the appointment of Nicolas Zylberstein as Chief Business Officer, responsible for the strategic growth of NewsBreak and its new AI ventures Nearby AI and NDot AI.

The appointment comes as the company scales NewsBreak, its flagship local life and news platform, and builds two new AI-native businesses: Nearby AI is an agentic local intent marketplace that connects high-intent consumers with relevant local businesses and services–helping users discover what they need and complete real-world tasks while creating new ways for businesses to reach customers at the right moment. NDot AI is a B2B Media Tech Platform dedicated to publisher growth. It offers integrated technologies and services spanning audience and traffic growth, recommendation and personalization, engagement and retention, advertising technology and monetization.

Both new platforms draw on a decade of NewsBreak’s own experience operating media products and delivering personalization at scale for more than 40 million monthly active users. Both also reflect NewsBreak’s conviction that deep, domain-specific AI infrastructure can deliver considerable value, today and in the future. The decision to bring in NewsBreak’s first Chief Business Officer at this time signals how central this belief is to the company’s next chapter.

“As search, social, and other distribution channels become less predictable, publishers need a real growth partner to build, grow, and monetize their direct audiences — that’s the opportunity behind NDot AI. At the same time, local businesses are looking for new ways to reach customers at the right moment, which is what Nearby AI is built to do. Together, they represent a significant B2B opportunity for NewsBreak to build the technology and infrastructure that both media and local business ecosystems need in the AI era. Nicolas’ experience scaling partnerships and commercial strategy at some of the world’s largest technology companies makes him the leader to help us build both businesses at scale,” said Dr. Jeff Zheng, Founder and CEO of NewsBreak, Nearby AI and NDot AI.

Nicolas Zylberstein joins NewsBreak after six years at ByteDance, where he drove AI partnerships, strategy and corporate development, and worked on the early launch of TikTok Shop.

Earlier in his career, Nicolas Zylberstein held senior operating, strategy and corporate development roles at Pinterest, YouTube, and The Walt Disney Company. He played a key role in Pinterest’s IPO, contributed to the launch and growth of YouTube Premium and YouTube TV, and supported Disney’s transition to streaming, laying the foundations for Disney+.

“NewsBreak has already proven what deep, local personalization can do at scale for tens of millions of daily users across the U.S.,” Nicolas Zylberstein said. “The core business connects people directly to local content right down to their zip code, and Nearby AI and NDot AI extend those capabilities into how people discover and engage with nearby businesses and how creators and publishers grow their audiences. I look forward to helping turn those capabilities into scaled businesses and build what’s next for modern media and local life as part of the NewsBreak team.”

Nicolas Zylberstein began his career in investment banking at JPMorgan in London and in strategy consulting at McKinsey & Company in New York. He holds an MBA from the Wharton School, a Master of Finance from Sciences Po Paris, and a Master of Laws from Sorbonne University. He also serves on the Board of Art Explora, a European nonprofit dedicated to democratizing access to the arts and culture, and lives in the Bay Area with his wife and two children.

The company is hiring founding members across disciplines who are passionate about category-defining opportunities at the intersection of technology, local ecosystems, and the content industry. For more information on open positions or to get in touch, visit https://careers.newsbreak.com or email [email protected].

About NewsBreak

NewsBreak is a local life and news platform that helps people navigate their everyday world — from neighborhood safety alerts and gas prices to nearby jobs and community events, all matched to their needs and interests. Founded in 2015, the company uses AI and machine learning to deliver that personalization at scale, connecting more than 40 million monthly active users across the U.S. with trusted publishers, community organizations, local businesses, and their neighbors. Building on this foundation, NewsBreak is now expanding into two new AI-native businesses: Nearby AI, an agentic local intent marketplace helping consumers move from discovery to real-world action through local businesses and services, and NDot AI, a B2B Media Tech Platform helping publishers and creators grow, engage, and monetize their audiences.

For more information: [email protected]

SOURCE NewsBreak

Flare Capital Partners Leads the Round as ACOs and Health Systems
Face a 2027 Reset in Medicare Risk Models

NEW YORK, Sept. 15, 2026 — Kairon Health, the AI-native execution layer for value-based care, today announced $5 million in venture funding. The round was led by Flare Capital Partners, with participation from Tau Ventures and existing investors Lightbank, General Advance and Pave Health Ventures. Kairon helps ACOs, health systems, IPAs, MSOs, group practices and clinically integrated networks run the day-to-day work of value-based care. The new capital will fund AI development across Kairon’s five workflow clouds, deepen its care operations and patient outreach products, and expand the go-to-market team as Medicare’s accountable care programs enter their largest structural change in a decade.

Accountable care organizations and health networks have spent a decade buying analytic solutions that flag care gaps but closing them still falls to an army of staff working across disjointed data systems and spreadsheets. Kairon replaces those numerous solutions with a single system.

“I spent nine years at Aledade building the foundation of value-based care, and the problem was never visibility,” said Nick Bartz, Co-founder and CEO of Kairon Health. “Nobody’s core problem is that they can’t see the care gap. Clinical teams are already running flat out—care managers are carrying huge patient loads; liaisons are in the field all day, and the gap still doesn’t close because closing it takes another set of hands or more hours in the day. So, we built the execution layer that does the actual work and we measure whether it worked or not so a customer never has to take our word for it. Operators today are paying 5 to10X what we charge for software that simply hands the problem back to them in a prettier format. Flare gets this problem space and has real depth in value-based care, so they are the perfect partner to help us scale our solution.”  

Kairon ingests, normalizes and links claims, clinical records, ADT feeds, labs and pharmacy data alongside qualitative sources most systems discard, like meeting transcripts, filed notes and CRM logs. The company takes all this data and creates a single patient-to-practice model that is payer agnostic.

“We’ve known Nick and Evan for several years and admire their operating experience and commitment to pushing value-based care forward with the right technology,” said Tara Sullivan, Principal at Flare Capital Partners. “Kairon is already producing results for customers carrying real risk. With ACO REACH concluding and the LEAD model starting next year, the pressure on providers to execute will continue to rise. There’s never been a better moment for entrepreneurs who’ve lived through past value-based care transitions to build what’s next. We see the right team, the right technology, and policy timing aligned, and believe Kairon can define this category.”

Early Customer Traction & Policy Tailwinds

With CMS committing to placing all traditional Medicare beneficiaries in accountable care relationships by 2030 and the ACO REACH program being succeeded by the new LEAD performance model, provider-based organizations will be taking on more downside risk and committing to it for longer. Providers will need to get a better handle on how to bend the cost curve. Kairon helps practices turn data into prioritized workflows and close care gaps by measuring what actually moves the needle with patients and practice staff.

Kairon is live today across MSSP, ACO REACH, Medicare Advantage, Medicaid and commercial contracts covering more than 1 million attributed lives in 30+ states, including one national ACO enabler customer who is managing 350,000+ Medicare lives and a hospital system managing value-based care for approximately 350,000 lives.

About Kairon Health

Kairon Health is an AI-native execution layer for value-based care, serving ACOs, health systems, IPAs, MSOs, group practices and clinically integrated networks. Its platform connects five workflow clouds — Practice Intelligence, Care Operations, Patient Activation, Portfolio Management and Impact Analytics — to turn field data into worklists, outreach and billed, measurable outcomes. Kairon is HIPAA compliant, SOC 2 Type II certified and NCQA PHM Prevalidated, with HITRUST certification in progress. To learn more about Kairon Health or to get a demo, please visit kaironhealth.com.

About Flare Capital Partners

Flare Capital Partners is a leading healthcare technology venture capital firm advancing innovation-driven companies to improve positive health outcomes, broaden care access, and lower healthcare costs. We partner with exceptional founders solving healthcare’s hardest challenges, supporting each with our deep sector expertise, unparalleled industry resources, and proven access to commercial opportunities. Our team of established investors and senior operating executives has invested in 80+ companies and has nearly $1 billion in assets under management. Learn more at www.flarecapital.com.

Media Contact: Evan Gogel, Kairon Health, [email protected], 914-424-9444

SOURCE Kairon Health

NEW YORK, Sept. 15, 2026 — USD.AI has secured a $40 million stablecoin-based revolving debt facility from K3 Capital to support the launch of new financing products. The facility provides USD.AI with short-term credit collateralized by sUSDai, which can be drawn, repaid and reused as needed.

USD.AI’s loans run three years and amortize monthly, while capital can enter and exit sUSDai on a far shorter cycle. Borrowing against sUSDai lets USD.AI meet that gap with short-term credit rather than with idle capital, keeping a higher share of the pool deployed in loans.

“K3 Capital’s strategy is built on identifying such market-structure inefficiencies and supporting teams we trust,” said Kiril Nikolov, Co-Founder of K3 Capital. “Rather than see sUSDai sit underdeployed, we are happy to extend short-term credit collateralized with sUSDai and help the team close out its roadmap. This is not a standalone deal for us; it is a service we provide to the protocols we have vetted and actively work with.”

The facility builds on an existing liquidity relationship between K3 and USD.AI and reflects K3’s broader practice of providing such facilities to protocols it has vetted and works with on an ongoing basis.

“We’re preparing to launch a new product that requires a more flexible source of short-term capital,” said David Choi, CEO of Permian Labs (developer of USD.AI). “K3 was able to design an onchain credit facility around that need, giving USD.AI the liquidity to support new initiatives as we continue expanding the platform.”

The K3 facility follows USD.AI’s recently announced $100 million stablecoin-based debt facility with Bullish, further expanding the range of capital available to support USD.AI’s growth.

About USD.AI

USD.AI provides AI infrastructure operators with strategic, non-dilutive financing facilities essential for their scale requirements. The protocol delivers non-recourse loans secured exclusively by the underlying GPU infrastructure, isolating risk from the corporate balance sheet. USD.AI’s financing is asset-backed, transparent, and settled on-chain, providing capital providers with direct exposure to income-producing compute assets. For more information, visit https://usd.ai/.

About K3 Capital

K3 Capital is a crypto-native asset manager focused on non-directional, DeFi-native strategies. Since 2021, the firm has managed funds across interest rate arbitrage, liquidity provision and TVL bootstrapping for emerging DeFi primitives. K3 Capital works with leading protocols and high-net-worth investors, with a focus on conservative, proactive risk management and delta-neutral yield strategies.

SOURCE USD.AI

Revenue has grown nearly 7x in the past year, with more than 5,000 employers now using Thatch to give employees greater control over their healthcare

SAN FRANCISCO, Sept. 15, 2026 — Thatch, the health benefits platform helping employers move from traditional group health plans to a consumer-directed model, today announced that it has raised $108 million in new funding at a $1 billion valuation from The General Partnership, Index Ventures, General Catalyst, and Andreessen Horowitz, with participation from ADP Ventures, Paychex, Eli Lilly and Company, Scale Venture Partners, QuantumLight, SemperVirens, Quiet Capital, and Avid Ventures.

Thatch’s growth is signaling a broader shift in how employers think about healthcare benefits. The company’s revenue has grown nearly seven-fold over the past year, with more than 5,000 employers now using the platform to move away from traditional group health plans toward a model that gives employees control over how their healthcare dollars are spent.

The traction comes as employers face a fundamental problem with the traditional system: healthcare costs continue to rise, while a single plan designed around the “average” employee rarely works well for everyone. Thatch’s growth is evidence that employers are increasingly willing to rethink that model — shifting from choosing one plan for their workforce to giving employees a budget and the ability to choose coverage based on their own needs.

The model is straightforward: employers set a defined health benefits budget and employees use those tax-free dollars to choose an individual health plan that fits their needs, including their doctors, prescriptions, family situation and preferred type of coverage. Employees can also use remaining funds for eligible healthcare expenses like GLP1s, therapy and more. The shift gives employers more predictability over their healthcare spend while putting the purchasing decision in the hands of the person actually using the healthcare.

“For too long, healthcare has been the one major purchase in someone’s life they never actually got to make,” said Chris Ellis, co-founder and chief executive of Thatch. “Give people control over their own healthcare dollars, and the first thing they do is ask what something actually costs. That’s the behavior change this round is built to scale.”

The company believes this shift could have implications well beyond health insurance. Healthcare represents one of the largest categories of household and employer spending in the U.S., yet the individual has historically had little control over how those dollars are allocated. Thatch is building the infrastructure to make healthcare function more like other major consumer markets, where people have a budget, can compare options and ultimately decide what works best for them.

“Every massive consumer market eventually gets rebuilt around the individual – Amazon did it for retail, Expedia for travel, Robinhood for investing. Thatch is doing it for healthcare,” said Jahanvi Sardana, Partner at Index Ventures. “With AI, the end state is bigger than shopping: an agent that knows you, holds your wallet and can find, book and pay for the right care. The magic is that you stop navigating healthcare and start being taken care of.”

Thatch has built the infrastructure to make that transition possible at scale, connecting employers and employees to individual coverage while integrating with major health insurance carriers, payroll providers and benefits platforms. Its distribution network includes partnerships with ADP, Paychex, Gusto and QuickBooks, enabling employers to move to a consumer-directed model without rebuilding their existing benefits infrastructure.

About Thatch

Thatch is the health benefits platform that replaces one-size-fits-all group plans with individual health budgets. Instead of picking a single plan for everyone, companies give employees a tax-free budget to buy their own medical plan and pay for the health services they actually use. More than 5,000 employers use Thatch today. Backed by The General Partnership, Index Ventures, General Catalyst, and Andreessen Horowitz, Thatch is on a mission to build a healthcare system people love by changing the way we fund it. Learn more at thatch.com.

Media Contact:
Amber Moore
[email protected]

SOURCE Thatch

Harris Teeter will make a range of store enhancements across Charlotte and surrounding communities, with updates varying by location, alongside the development of three new stores in the Charlotte metro area.

MATTHEWS, N.C., Sept. 15, 2026 — Harris Teeter announced today it will invest approximately $253 million over the next three years to refresh and modernize select stores across the Charlotte, N.C. area. The investment also includes the development of three new stores.

The investment includes stores throughout the Charlotte metro area, with renovations and enhancements planned for locations such as Fort Mill and Rock Hill, S.C., and Matthews, Waxhaw, Concord and Huntersville, N.C., along with many other communities across the region. These improvements are designed to make shopping easier, more convenient and more enjoyable for customers. In addition, Harris Teeter plans to open three new stores in Fort Mill, S.C., Lake Wylie, S.C., and Kannapolis, N.C., further strengthening its commitment to the region.

“For generations, Charlotte families have made us a part of their neighborhoods and this investment reflects our long-term commitment to the customers and communities we serve,” said Tammy DeBoer, president of Harris Teeter. “These investments reflect areas where we believe we can better support our customers and communities — from select department and service enhancements to updates that improve convenience in stores.”

The store refresh initiative will include a variety of enhancements that vary by location, which may include:

• Expanded offerings in fresh, bakery and prepared food areas
• Layout and fixture updates designed to support easier navigation in some stores
• Shopping cart, exterior or parking-area improvements at select locations
• Faster and more convenient pickup and delivery services
• Updated decor, signage and store environments

Customers will begin seeing store updates roll out in phases, with timing and scope varying across locations over the next three years. As renovations are completed, customers can look forward to grand re-opening celebrations this fall, featuring Harris Teeter’s signature Taste of Teeter events. The celebrations will include free samples, special events and opportunities for customers to experience the newly refreshed stores at their neighborhood market.

Additional details about specific store re-openings and celebrations will be shared throughout the rollout.

Harris Teeter’s History in Charlotte

Harris Teeter’s roots in the Charlotte area date back 90 years, to 1936, when co-founder W.T. Harris opened his first grocery store. The company was officially formed in 1960 when W.T. Harris and Willis L. Teeter combined to form Charlotte’s hometown grocery store, Harris Teeter. Since its founding, Harris Teeter has been known for high-quality products, clean stores and superior customer service, which has guided the company through its 65-year history in the Carolinas.

Harris Teeter Helping Together

As Harris Teeter invests in the future of its stores, the company remains equally committed to investing in the communities that have supported it for generations through local partnerships, hunger relief initiatives and community-focused giving programs. Through these efforts, Harris Teeter provides millions of dollars in food and financial support each year to advance the missions of nonprofit organizations and help address critical community needs across the communities it serves.

Hunger relief is one of Harris Teeter’s largest and longest-standing areas of community investment. In the Charlotte region alone, the company has contributed more than $27.4 million in food and funds to hunger relief efforts over the last decade through food rescue efforts, Round Up campaigns, community fundraising events and partnerships with local nonprofit organizations.

“As Charlotte’s hometown retailer, we are proud to continue investing in the communities that have supported Harris Teeter for generations,” said Danna Robinson, director of corporate affairs and customer relations. “These enhancements reflect our commitment to our customers, our associates and the future of the region we call home.”

For more information, visit harristeeter.com and stay connected on Instagram and Facebook.

About Harris Teeter

For more than 60 years, Harris Teeter, a wholly-owned subsidiary of The Kroger Co. (NYSE: KR), has enriched lives – one meal, one family, one associate and one community at a time. Headquartered in Matthews, North Carolina, Harris Teeter employs 36,000 valued associates across more than 250 stores and 85 fuel centers in North Carolina, South Carolina, Virginia, Georgia, Maryland, Delaware, Florida and the District of Columbia.

SOURCE Harris Teeter

Nonstop AI portfolio includes Reference Architecture, Data Interface, Software, Server, and Platform

PALO ALTO, Calif., Sept. 15, 2026 — Delos Data today expanded the Delos Nonstop AI™ portfolio with the addition of the Delos Nonstop AI™ Data Interface and Delos Nonstop AI Reference Architecture for low-latency, high-bandwidth, resilient agentic AI infrastructure. The new offerings round out the previously announced Delos Nonstop AI™ Clusters and Delos Nonstop AI™ Server enabling end-customers to build scalable AI clusters to dramatically lower cost per token. Today’s Agentic AI Infrastructure requires putting together a Mixture of “X” Infrastructure (MoXI): a mixture of hardware, a mixture of models, and a mixture of switches, links, and topologies, all serving one workload.

The company also announced it has raised over $100 million from Matrix, Playground, Socratic Partners, Capricorn’s Technology Impact Fund, Matter Venture Partners, IAG, and industry luminaries from across compute, hyperscale, scalable systems, networking silicon, infrastructure software, and optical connectivity to launch Delos Nonstop AI.

“There has been real excitement around optical links, new standards, and die-to-die interconnects, each one solving a real piece of the puzzle,” said Ed Doe, CEO and co-founder of Delos Data. “What’s missing is the network in aggregate, rethought for a workload that didn’t exist when these networks were designed. Agentic AI is always on, always running, always being fed. You can’t get there by applying the old network to a new problem. Delos Nonstop AI is about building the faster, stronger, more efficient AI capacity and putting some MoXI into the infrastructure.”

“The data interface to endpoints in AI workloads is a critical enabler of performance. It stitches everything together in the right way,” said Dan Daly, CTO and co-founder of Delos Data. “These engines spend most of their time waiting to be fed. When you’re stitching together endpoints from different vendors at this scale, you can’t engineer failure away, you must build for it from the beginning. Get those two things right and the efficiency follows: faster frees up capacity, and always available means more time doing real work instead of recovering.”

Delos Nonstop AI™ Reference Architecture. A system-level blueprint for agentic AI infrastructure organized around quicker data movement between endpoints, larger scale to the order of hundreds of thousands of devices rather than one rack or a handful and higher resiliency to endpoint, network, software, and link failures. The architecture introduces a data interface between every endpoint in the data domain, so that heterogeneous compute, acceleration, memory, and storage can be composed to the workload to deliver Nonstop Tokens.

Delos Nonstop AI Data Interface. One data interface, delivered in three form factors so it can serve each class of endpoint:

1. I/O chiplet – 30+ Tbps, multi-protocol, for GPUs, XPUs, and Accelerators
2. Near-packaged optics – 10+ Tbps, multi-protocol, integrating Delos Data Interface with leading optical engines
3. Card – 400+ Gbps, multi-protocol, for CPUs, flash, and memory endpoints joining the Nonstop AI data domain

Delos Nonstop AI Data Interface enables each endpoint to have higher bandwidth and lower latency to every other endpoint. Because it sits between the endpoint and the network, the Delos Nonstop AI Data Interface is the first place a failure on the other side can be detected. It manages the recovery in hardware, whether the cause is a dead accelerator, a broken link, or a routine software update. Delos Data targets 10x faster performance, 10x stronger resiliency, and 10x higher scale than what endpoints can achieve today.

Delos Nonstop AI Clusters now include a platform to design and simulate a cluster topology before deployment. The platform combines a PCIe card for validating IP against real workloads across different network topologies, data interface logic for pre-silicon simulation and emulation, and a behavior-accurate, cluster-level performance modeling suite for evaluating scale, failure modes, and reliable transport. It supports a variety of topologies, letting infrastructure teams and model builders co-design infrastructure with their workloads before committing to a build.

Availability and business model
Delos Nonstop AI Clusters, showcased earlier this year at GTC, is in production today running clusters built using existing infrastructure. The platform is available now for customers to co-design their next-generation agentic AI infrastructure. Delos Nonstop AI Server, showcased earlier this year at Computex, will sample to customers at the end of 2026.

See Delos live at AI Infra Summit
Delos Data is exhibiting at booth 1344 at the AI Infra Summit, showcasing its technology and products – including Nonstop AI Cluster Live, a showcasing of heterogeneous endpoints composed into a single data domain, moving data through Delos Nonstop AI Data Interfaces and surviving failures without stopping the workload. Attendees can see the Delos Nonstop AI Clusters in operation and meet with the team.

About Delos Data
Delos Data is building Delos Nonstop AI™ for faster, stronger and more efficient inference, starting from how compute, acceleration and data is distributed and scaled. The team is a mixture of software, systems, and silicon experts focused on delivering the world’s most capable and responsive intelligence at scale. To learn more, please visit www.delosdata.com

Press Contact
Kelly Karr
Tanis Communications
[email protected]
(408) 718-9350

SOURCE Delos Data

PALO ALTO, Calif., Sept. 15, 2026 — Delos Data today announced it has raised over $100 million from Matrix, Playground, Socratic Partners, Capricorn’s Technology Impact Fund, Matter Venture Partners, IAG, and industry luminaries from across compute, hyperscale, scalable systems, networking silicon, infrastructure software, and optical connectivity to launch Delos Nonstop™ AI. The funds will be used to grow its software and hardware engineering teams and accelerate product development and sales.

Delos Nonstop AI, an approach to AI infrastructure built on a simple premise: the network, not power, memory, or compute alone, is the next chokepoint in AI. Agentic inference will break the networks industry has today. Agentic workloads are persistent rather than request-and-done; they run across a growing mixture of GPUs, XPUs, accelerators, CPUs, memory, and storage, and they must keep running through failures that are now routine at scale. Industry projections point to roughly a 300x increase in token demand by 2030, with agentic inference accounting for the bulk of that growth.

Delos Data also announced today Nonstop AI Reference Architecture for faster inference with its Delos Nonstop AI™ Data Interface that delivers 10x lower latency and 10x higher efficiency. The Data Interface joins Delos Nonstop AI™ Clusters and Delos Nonstop AI™ Server announced earlier this year to round out the solution. All three products are built on Nonstop AI Reference Architecture, which allows customers to compose clusters with their own mixture of hardware, models, and topologies all working together in one domain.

“The most expensive idle asset in a data center is a GPU, CPU or an accelerator waiting on the network. Inference workloads move data in a way that today’s interconnect was never designed to serve,” said Ed Doe, CEO and co-founder of Delos Data. “This funding positions the company to expand our team and offerings to solve the data transfer problem holistically by optimizing the network as the core of the AI system, thereby maximizing infrastructure ROI and ensuring that AI can scale to keep pace with massive growth in AI Inference.”

“Agentic AI is scaling beyond a single device, and when that happens performance isn’t solely determined by the processors, it’s decided by how the data moves between them,” said Dan Daly, CTO and co-founder of Delos Data. “Agentic AI needs a data interface that’s fast and doesn’t break under load. This funding means we can accelerate product development and deliver as fast as our customers need us to.”

“Delos is attacking the part of the AI stack where the value is now getting decided,” said Stan Reiss, general partner at Matrix Partners. “For years the assumption was that more compute buys more output. That relationship has broken down at inference scale, and the team that fixes the data transfer problem captures an enormous amount of the value the industry is currently leaving on the floor.”

“Adding compute to an inference problem is not enough,” said Pat Gelsinger, general partner at Playground Global. “AI and Inference performance is a network problem now – the network is the AI. Delos started from the workload and let it dictate the architecture all the way down to the interface silicon. That discipline is what turns an interconnect idea into infrastructure the industry can actually deploy.”

“Compute has been the story for over a decade, but the return on an inference cluster is now set by what happens between the accelerators, and how much capital sits idle as insurance against failure,” said Christian Gallagher, general partner and co-founder at Socratic Partners. “Delos is building at that layer, with founders who have shipped data center silicon before, and doing it so that today’s GPU and accelerator ecosystems can adopt it seamlessly. We see strong demand across frontier labs, hyperscalers, neoclouds, and sovereign AI programs, and this investment reflects our confidence in the firm’s ability to become a core infrastructure provider in this space.”

“We have a history of investing in companies that are working on breakthrough technologies that can produce outsized impact,” said Dipender Saluja, managing partner at Capricorn’s Technology Impact Fund. “Delos is solving the data movement problem that Agentic AI inference is facing. This team has expertise across the full stack – architecture, software, systems, silicon, and have great momentum with customers and partners across the ecosystem.”

“Success of HardTech startups takes patience and a team that has shipped before,” said Wen Hsieh, founding managing partner at Matter Venture Partners. “This team has worked together to build data center silicon and systems at scale for two decades. Delos has built software, then an AI server, and now is building the data interface silicon that will solve the AI inference data transfer problem.”

See Delos live at AI Infra Summit
Delos Data is exhibiting at booth 1344 at the AI Infra Summit, showcasing its technology and products – including Nonstop AI Cluster Live, a showcasing of heterogeneous endpoints composed into a single data domain, moving data through the Delos Nonstop AI Data Interfaces and surviving failures without stopping the workload. Attendees can see the platform live and meet with the team.

About Delos Data
Delos Data is building Delos Nonstop AI™ for faster, stronger and more efficient inference, starting from how compute, acceleration, and data is distributed and scaled. The team is a mixture of software, systems, and silicon experts focused on delivering the world’s most capable and responsive intelligence at scale. To learn more, please visit www.delosdata.com

Press Contact
Michele Landry
Tanis Communications
[email protected]
(650) 954-7720

SOURCE Delos Data

Already profitable, Fin has completed seven acquisitions and grown to more than 200 employees across six global offices, processing billions in payment volume across more than 51 countries

NEW YORK, Sept. 15, 2026 — Fin.com, a financial infrastructure company building a unified network for global money movement, emerged from stealth today after growing annual recurring revenue more than 50x since the beginning of the year. Until this morning, the company had never published a post, given an interview, or publicly confirmed its own existence. Fin.com’s infrastructure already moves money for some of the world’s largest payments and money-transfer platforms, leading prediction markets, and major digital-asset exchanges. Through those customers, its technology now reaches 825 million users worldwide.

Fin.com has also assembled an advisory board of fintech and payments leaders, including Michael Tannenbaum of Figure, Imran Ahmad of Bitso, Matt Heiman of Mercury, Bruce Wallace of Revolut, Christy Choi, former board director at Binance, and Bam Azizi, founder of Mesh.

The problem Fin.com was built to solve is old. Cross-border money movement still depends on a patchwork of bank messaging systems, local payment rails, intermediaries, and manual processes. SWIFT, the backbone of international bank messaging since the 1970s, was never designed as a settlement network. The result can be fees, FX markups, and settlement times that stretch across days. Last year, $195 trillion crossed borders on rails like it, shedding fees, hidden FX markups, and days of settlement time along the way. A generation of fintech companies improved the user experience, but much of the underlying infrastructure remained fragmented.

Fin.com was built to rebuild the infrastructure underneath the global money movement. The company operates a single orchestration layer that lets businesses collect, convert, and move money across borders through local payment rails, USD virtual accounts, SWIFT, stablecoin settlement, liquidity, and compliance in one network. It holds licenses and regulatory approvals that allow it to operate in markets that remain difficult for many global financial providers to serve. Its footprint is deliberately contrarian: the Middle East, Africa, South Asia, and Southeast Asia, markets where cross-border money movement remains especially fragmented.

Fin.com builds differently, too. Rather than raising billions to enter markets from the outside, the company acquires licensed, battle-tested local operators. It integrates them into one network, a private equity playbook run at venture speed. The strategy allows Fin.com to enter new markets through established operators with existing licenses, financial relationships, and local expertise, then connect those capabilities into its broader infrastructure. Seven acquisitions are complete, with twelve targeted by year-end. The result is a company of more than 200 people across six global offices- New York, Las Vegas, Dubai, Dhaka, Bangalore, and Lahore- that has already processed billions in payment volume across more than 51 countries, with most transactions settling in minutes.

The $20 million seed round was led by Expa and Uber co-founder Garrett Camp, with participation from Coinbase Ventures, Tenet Fund, Figure founders, Mesh founder Bam Azizi, Second Sight Ventures and sovereign and royal family offices across the Gulf and Africa.

“At Expa, we back founders who build through complexity. Nabeel and Mustafa are tackling one of finance’s hardest problems, one market at a time,” said Vitor Lourenço, Founding Partner at Expa. “Like Bending Spoons, they combine acquisitions with speed, operating discipline, and the ability to make strong businesses more valuable together. We’re excited to help them build Fin.com into a defining global financial brand.”

Fin.com was co-founded by Nabeel Alamgir, a Forbes 30 Under 30 honoree and founder of Lunchbox, and Mustafa Dar, founder of 24/7 Jet and a venture partner at Expa. Both are immigrants who have personally experienced the friction and cost of sending money across borders.

The company will use the capital to expand into additional corridors and continue acquiring. Fin.com also plans to pursue a bank acquisition within the next six months.

About Fin.com

Fin.com is a New York-based financial infrastructure company focused on global money movement. The company provides businesses with a unified platform for cross-border payments, settlement, liquidity, and financial operations across international markets. Fin.com was co-founded by Nabeel Alamgir and Mustafa Dar. For more information, visit Fin.com. 

Media Contact

KRCG on behalf of Fin.com 
[email protected]

SOURCE Fin.com

With a focus on investing and partnering with AI companies scaling into global champions, well over US$1 billion has been committed to the strategy by PSP Investments, CPP Investments, HOOPP, TD Bank Group, BMO Financial Group, CI Global Asset Management, and OPTrust, alongside other leading global investors.

TORONTO, Sept. 15, 2026 — Radical Ventures today announced the first close of the Radical Breakouts Fund, the largest-ever venture capital fund in Canada. Radical’s new late-stage strategy secured over US$1 billion in commitments, with investment from Public Sector Pension Investment Board (PSP Investments), Canada Pension Plan Investment Board (CPP Investments), HOOPP, TD Bank Group, BMO Financial Group, CI Global Asset Management and OPTrust, alongside other leading global investors. The announcement was made at the inaugural Canada Investment Summit in Toronto.

The multi-billion dollar Radical Breakouts Fund will invest in AI scale-ups on a path to becoming the next trillion-dollar businesses. It is designed for a market in which the most valuable companies stay private far longer than they once did, raising successive large private rounds and reaching the public markets already worth $100 billion or more. Capturing that value requires private capital at a scale that has, until now, existed almost exclusively in the United States.

Canada has produced some of the world’s most significant AI and deep tech companies, including Cohere, Waabi, Xanadu, Veeda and Aspect Biosystems, each backed by Radical Ventures. To keep growing, Canadian champions have consistently had to look outside the country for late-stage capital. The Breakouts Fund gives Radical greater capacity to back leading AI companies globally, including in Canada, while providing Canadian companies with a domestic source of late-stage capital at the scale they require.

“We compete to invest and partner with the best AI founders and companies in the world, and we win,” said Jordan Jacobs, Co-Founder and Managing Partner of Radical Ventures. “We have invested in Discovery Loop, Cohere, Waabi, World Labs, Veeda, Xanadu, Etched, Crusoe, Generalist, Prime Intellect, Decart, Latent Labs, Muon Space and Aspect Biosystems, just to name a handful of the Radical portfolio companies that are rapidly scaling. The world’s most important AI founders often choose Radical to incubate their startups and lead their investment rounds, from the first to the last. The result is a Canadian firm investing in Canada and globally, with the returns coming home.”

“Canada has never had a shortage of world-class AI companies. What we have lacked is capital at the scale required to keep them here as they grow,” Jacobs added. “For decades that meant our best companies looked to the United States to fund their most important years, and much of the value they created went with them. The Radical Breakouts Fund closes that gap.”

For Canadian pension funds and institutional investors, anchoring the Radical Breakouts Fund offers exposure to a category of value creation that has largely accrued to investors outside the country.

“Canada has emerged as a global leader in AI innovation, with exceptional talent, world-class research institutions, and companies that are setting new standards on the world stage. PSP Investments has been an anchor investor in Radical since the launch of their first institutional fund. We are proud to invest alongside a manager with the expertise, access and track record to identify and support the companies shaping the future. Ultimately, investments like these are about creating long-term value and supporting the retirement of those who protect and serve Canada.”
–  Deborah K. Orida, President and Chief Executive Officer, PSP Investments

“We have partnered with Radical Ventures since its first institutional fund in 2019, when we developed conviction in the team’s strategy, network and deep expertise in AI. With deep roots in Canada’s AI ecosystem, Radical has built access to promising companies both here and globally. The Breakouts Fund gives CPP Investments an opportunity to extend that partnership into later-stage companies as they scale, to deliver attractive long-term returns for the CPP Fund.”
– John Graham, President and Chief Executive Officer, CPP Investments

“Radical Ventures demonstrates the value of a Canadian company competing successfully on the global stage. Building on our existing partnership, the Radical Breakouts Fund gives HOOPP an opportunity to generate strong long-term returns for our members, deepen our exposure to and understanding of transformative AI technologies, and support Canadian companies with the potential to become global leaders.”
–  Annesley Wallace, President and Chief Executive Officer, HOOPP

“Canada has the talent and ambition to lead in AI; what we need is capital to scale Canadian companies into global champions. Led by AI experts, skilled investors and visionary entrepreneurs, the Radical Breakouts Fund will back leading AI companies at home and abroad, creating value for Canadians. We’ve partnered with Radical Ventures from the very beginning and are excited by its ability to help power Canada’s AI sector.”
–  Raymond Chun, Group President and Chief Executive Officer, TD Bank Group

“Canada has the talent and the resources to be an innovation leader across the board: from discovery to commercialization and adoption – helping to build the next era of world-class companies and the technologies that power them. As Canada’s first bank, we’ve been investing in innovation for centuries and are proud to support this next generation.”
–  Darryl White, Chief Executive Officer, BMO Financial Group

“Our extensive global search for a venture capital partner for Canadian investors in our private markets funds started with this question: ‘Who is at the epicentre of AI development?’ It quickly became obvious that a Canadian firm – Radical Ventures – was attracting exceptional talent and opportunities. We’re excited to continue working with the company to finance world-leading Canadian companies in this critical sector.”
– Marc-André Lewis, President and Chief Investment Officer, CI Global Asset Management

“Canada continues to produce world-class innovators and entrepreneurs. We are proud to invest in Canada’s next generation of success stories, generating value for our members while participating in the growth of an innovation economy that continues to compete on the world stage.”
– Peter Lindley, President and Chief Executive Officer, OPTrust

Radical Ventures has invested at every stage of company growth since its founding, from day-zero/incubation (Cohere, Waabi, World Labs) through pre-IPO. Alongside its Canadian portfolio, Radical has led rounds and invested in global AI companies, including Discovery Loop, World Labs, Etched and Crusoe.

The announcement was made as part of the official programming of the Canada Investment Summit, the first-ever gathering of global investors, chief executives and business leaders hosted by the Government of Canada in partnership with CPP Investments and PSP Investments to attract investment into Canada’s economy.

ABOUT RADICAL VENTURES
Radical Ventures invests and partners with the AI visionaries who will define the future, investing from day-zero incubations and seed through growth and pre-IPO scaling. Radical has offices in Toronto, San Francisco, London and New York. www.radical.vc

ABOUT PSP INVESTMENTS
The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investors with $320.6 billion of net assets under management as of March 31, 2026. It manages a diversified global portfolio composed of investments in capital markets, private equity, real estate, infrastructure, natural resources, and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police, and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit investpsp.com.

ABOUT CPP INVESTMENTS
Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Canada Pension Plan Fund in the best interest of the more than 22 million contributors and beneficiaries. In order to build diversified portfolios of assets, we make investments around the world in public equities, private equities, real estate, infrastructure, fixed income and alternative strategies including in partnership with funds. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At June 30, 2026, the Fund totalled C$863.6 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedIn, Instagram or on X @CPPInvestments.

MEDIA CONTACT
Aaron Brindle, Communications Lead, Radical Ventures
[email protected]

SOURCE Radical Ventures