PENNINGTON, N.J., March 12, 2025 — Zynext Ventures USA LLC (Zynext Ventures), the venture capital arm of Zydus Lifesciences (Zydus), today announced its investment in Illexcor Therapeutics (Illexcor), a pioneering biopharmaceutical company developing next-generation oral therapies for sickle cell disease (SCD). This investment underscores Zynext Ventures’ commitment to supporting disruptive healthcare innovations that address significant unmet medical needs.

Illexcor is developing a first-in-class oral drug that directly targets the root cause of SCD. Their lead asset, currently in preclinical development, is designed to bind to Hemoglobin S and effectively block polymerization and sickling, offering the potential for disease-modifying clinical benefits.

Speaking on the development, Dr. Sharvil Patel, MD of Zydus Lifesciences, said, “This investment reflects our commitment to patients battling rare and orphan diseases. Recognizing the profound impact of sickle cell disease on patients’ lives, we are pleased to support Illexcor in their efforts to develop a novel therapeutic solution addressing this critical unmet medical need.”

Emphasizing the strategic significance of the investment, Jay Kothari, Director of Zynext Ventures said, “This investment is consistent with Zynext Ventures’ objective of identifying and fostering transformative early-stage healthcare innovations. Beyond the financial backing, Zynext Ventures will leverage its unique data analytics and strategic expertise to accelerate Illexcor’s path to delivering this potentially life-changing therapy globally.”

Andrew Fleischman, CEO of Illexcor stated, “We are excited to partner with Zynext Ventures to advance our lead drug ILX002 into clinical trials later this year. We are hopeful that ILX002 will be a transformative treatment not only for SCD patients in the U.S. but also for millions around the globe. Zynext Ventures and Zydus Lifesciences are in a strategic position to help us achieve these goals.”

Sickle cell disease is a devastating and debilitating genetic condition that affects up to 10 million people worldwide. The disease continues to severely impact quality of life and longevity. Highly efficacious oral drug therapies are urgently needed to manage this condition on a global scale.

About Zynext Ventures

Zynext Ventures is the investment arm of Zydus Lifesciences. The venture capital firm focuses on identifying and investing in promising early-stage and growth-stage companies in the healthcare sector. Zynext Ventures provides financial support, strategic guidance, and industry expertise to its portfolio companies, helping them achieve their full potential and make a meaningful impact on the lives of patients.

To learn more about Zynext Ventures, please visit: https://zynextventures.com

LinkedIn:  Zynext Ventures

Twitter:  @ZynextVentures

About Zydus

Zydus Lifesciences Ltd. with an overarching purpose of empowering people with freedom to live healthier and more fulfilled lives, is an innovative, global lifesciences company that discovers, develops, manufactures, and markets a broad range of healthcare therapies. The group employs 27,000 people worldwide, including 1,400 scientists engaged in R & D, and is driven by its mission to unlock new possibilities in lifesciences through quality healthcare solutions that impact lives. The group aspires to transform lives through path-breaking discoveries. Over the last decade, Zydus has introduced several innovative, first-in-class products in the market for treating unmet healthcare needs with vaccines, therapeutics, biologicals and biosimilars. For more details visit www.zyduslife.com.

About Illexcor

Illexcor Therapeutics is a biopharmaceutical company focused on the discovery and development of innovative oral therapies for sickle cell disease. Their lead asset is a first-in-class drug designed to directly target the root cause of SCD, offering the potential for significant disease-modifying clinical benefits.

Logo – https://mma.prnewswire.com/media/2442038/Zynext_Ventures_Logo.jpg

SOURCE Zydus

Grant funding supports entrepreneurship programming, educational sessions across in-demand industries

INDIANAPOLIS, March 12, 2025 — Comcast today announced it has awarded a $37,500 grant to INvets, an Indianapolis-based non-profit that partners with veterans, their families, and communities to aid veterans transition to civilian life. Comcast’s grant supports INvet’s entrepreneurs’ program, in partnership with Venture Vets, which provides veterans and military spouses with digital skills for launching and growing successful businesses.

“Digital skills play an essential role in navigating our daily lives, and we’re honored to support INvets in their efforts to provide those skills to returning military members and their families,” said Craig D’Agostini, regional vice president of Government External and Government Affairs at Comcast. “Closing the digital skills gap means ensuring access to high-speed internet and access to digital literacy education for all Hoosiers.”

The 2024 grant will provide veterans and their families with educational sessions on financial management systems, digital marketing, data analytics, cybersecurity, and artificial intelligence. The grant will also support guest speakers, and a technology upgrade stipend to enable participants to utilize software from their learned systems. 

“Helping veterans transition to civilian life means providing them and their families with what they need to find meaningful employment to succeed and thrive in the communities they live,” said Sarah Harrison, CEO, INvets. “Comcast’s support will enable veterans we work with to learn critical digital skills, while ultimately strengthening Indiana’s economy.” 

This grant is a part of Project UP, Comcast’s $1 billion commitment to providing digital opportunity and advancing economic mobility. Comcast partners with local community organizations to offer free Internet access via Lift Zones and support vital programs, which provide participants with digital literacy training and digital navigation services to expand their world with unlimited possibilities.

About INvets 
INvets is a nonprofit organization, founded by and run by veterans, dedicated to recruiting transitioning service members and their families from almost 40 military installations around the country, to Indiana.

INvets understands that transitioning from the military is not one person starting a new career, it is a life change for the whole family and potentially comes with a lot of stress. We work with over 600 corporate partners to match these transitioning military with high wage, high demand civilian careers, or apprenticeship programs for skilled trades that allow you to earn while you learn.

INvets will work to match your families’ preferred lifestyles, needs, and wants, to communities in Indiana for you to call home.

The wrap around services INvets provides include reviewing and building your resumes, providing access to Happy LLC., to manage the stressors of transition, and we share the benefits Indiana offers to veterans. For example, no tax on military pensions, reserve, or guard pay, reductions in property tax and educational benefits to name a few.

INvets will meet you and your family where you are, by connecting you with a Veteran Engagement Manager who will collaborate with you for as long as you need, in order to get settled in your new civilian chapter in life. All for no cost.

About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.

About Comcast Indiana
With more than 1,100 local employees, Comcast Indiana (https://indiana.comcast.com/) has served customers in Indiana for more than four decades. In the last three years, we’ve invested more than $1.3 billion in Indiana, including capital expenditures, employee wages and benefits, taxes, charitable giving, and infrastructure upgrades. “Like” Comcast Indiana on Facebook by visiting @Comcast. “Follow” Comcast Indiana on X at @ComcastIN.

Press Contacts
Amy Pietzak
248-318-8905
[email protected]

Samantha VanHoef
734-478-7118
[email protected] 

SOURCE Comcast

Former 2U Chief Revenue Officer Receives Backing from Ardent Venture Partners to Develop Go-To-Market Technology Using AI Agents

WASHINGTON, March 12, 2025 — After a year in stealth, e:cue officially launches today with funding from Ardent Venture Partners, bringing AI Agents to power data science for go-to-market (GTM) business leaders. Founded by Harsha Mokkarala, former Chief Revenue Officer and Chief Data Scientist of 2U, Inc and senior executive at Capital One, e:cue is building the next generation of AI-driven intelligence for marketing and sales teams—helping organizations move beyond static data analysis to proactive, AI-driven decision-making.

Solving a Trillion-Dollar Business Intelligence Problem
Businesses are drowning in data, but most can’t extract real-world value from it. According to IBM, poor data quality costs businesses in the U.S. more than $3.1 trillion annually. e:cue is addressing these data challenges by embedding AI-driven data science directly into existing workflows, enabling leaders to anticipate challenges, identify opportunities, and take immediate action.

“Businesses don’t need more dashboards; they need the ability to trust and interpret their data,” said Harsha Mokkarala, Founder and CEO of e:cue. “This is an expensive and slow process that hinders their ability to find growth in today’s dynamic marketplaces. We are building e:cue to move beyond reporting—our AI Agent, Cue™, embeds actionable data science into the organization’s existing workflows, helping leaders make informed decisions with speed and confidence.”

A Proven Leader in Data-Driven Revenue Strategy
Mokkarala, formerly Chief Revenue Officer and Chief Marketing Officer at 2U and a senior executive at Capital One, has spent his career at the intersection of data, technology, and business strategy. At 2U, he led the company’s tenfold revenue growth and scaled digital education programs for top-tier universities. At Capital One, he helped spearhead the transition from traditional marketing to digital marketing powered by predictive analytics, redefining how the company engaged customers.

The First GTM-Specific Data Science Solution Using AI Agents
e:cue is pioneering agentic AI in the GTM business intelligence arena, an unexplored space representing a massive opportunity for transformation. A key part of this solution is Cue™, a custom AI agent that helps businesses monitor performance, predict outcomes, and confidently devise next steps. Cue is an embedded data analyst that helps automate critical analytical workflows, integrate them into existing tools and access them using natural language.

“While many businesses use generative AI in their marketing and sales operations, few tap into agentic AI to shape business strategy.” added Mokkarala. “Cue helps leaders move from reactive decision-making to proactively shaping GTM strategies.”

Investor Confidence in e:cue’s Vision
Backed by Ardent Venture Partners (AVP), e:cue is positioned to redefine AI-powered business intelligence. Phil Bronner, Managing Partner at AVP, sees e:cue’s approach as a game-changer for modern enterprises.

“Businesses generate vast amounts of data, but without data science, they struggle to turn it into a competitive advantage,” said Bronner. “e:cue is bridging that gap, using AI to enable actionable data science at scale for organizations of all types and sizes. We’re excited to support Harsha and the e:cue team as they transform how organizations operate.”

With strong early traction, investment from AVP, and a bold vision for the future of AI-powered decision-making, e:cue is set to become the go-to intelligence platform for business leaders looking to drive strategic growth.

About e:cue AI

e:cue AI is designed to be the last business intelligence solution you’ll ever need. Powered by real data science and advanced AI agents, e:cue AI reaches across a company’s entire data ecosystem, connecting fragmented information to build the most complete business picture. Instead of static dashboards and overwhelming spreadsheets, e:cue AI delivers actionable insights—right on Cue™. https://www.ecue.ai/

About Ardent Venture Partners

Ardent Venture Partners (AVP) is an early-stage, thesis-driven venture capital firm specializing in vertical SaaS, AI-native software applications, and B2B fintech. The firm has cultivated a portfolio that includes promising companies like Method Financial, Givebutter, Crux Climate, Collective, and Rainforest, each aiming to redefine their respective categories. For further details on AVP’s mission and portfolio, visit https://www.ardent.vc/.

Media Contact:

Jordan Valdés
202-643-4467
[email protected]
www.varnumstreetstrategies.com

SOURCE e:cue

New capital will accelerate technology development, scale operations, and strengthen customer partnerships.

ATLANTA, March 12, 2025 — Carpool Logistics, the leading vehicle logistics platform, announced that it has raised $12 million in Series A growth capital led by Wavecrest Growth Partners, with participation from CarMax, Impel founders Devin Daly and Michael Quigley, as well as automotive industry veteran David Metter. The new funding will be strategically deployed to accelerate Carpool’s growth across multiple fronts: enhancing the technology platform, expanding product development, optimizing logistics capabilities, and scaling sales and marketing efforts to drive customer acquisition and market expansion.

“We do more than just ship cars; everything we do is focused on improving the customer experience and making shipping a competitive advantage for our clients. Our platform bundles multiple vehicles into one shipment to reduce turnaround times and costs, while our white-glove approach – with real-time tracking and robust security measures – mitigates risks like damage claims and fraud,” said Mike Malakhov, Founder and CEO of Carpool Logistics. “The funding from Wavecrest and CarMax allows us to scale more effectively, strengthen our team, and enhance our technology. By serving as a trusted partner to our customers and seamlessly integrating the Carpool platform with their workflows, we help our clients stay ahead in an increasingly competitive market.”

Founded in 2021, Carpool Logistics has become one of the fastest growing vehicle shipping platforms. By leveraging advanced technology, the company optimizes vehicle shipping, resulting in cost savings and reduced environmental impact. Since its inception, Carpool has expanded its customer base to over 1,800 clients, including auto auctions, dealerships, manufacturers, and fleets, and has shipped more than 150,000 vehicles. Previously, the company raised a $3.5 million seed round from Atlanta Ventures and Overline Ventures in 2022.

“The vehicle logistics industry is rapidly evolving, and Carpool is at the forefront of this transformation,” said Deepak Sindwani, Managing Partner at Wavecrest Growth Partners. “Our firm and extended team have a long history investing in the automotive industry, and Carpool’s purpose-built technology platform and marketplace and uniquely experienced leadership team are clearly differentiated. We believe Carpool is well-positioned to become the category leader, and we are excited to partner with them to accelerate their next phase of growth.”

“We’re proud to partner with Wavecrest and CarMax to accelerate our growth and further invest in our team and technology. Wavecrest’s experience in scaling technology-driven businesses will help us optimize operations and expand our market reach, while CarMax’s deep industry expertise and expansive network provide invaluable insights into large-scale vehicle distribution. With their support, we’re well positioned to digitize vehicle logistics and drive greater efficiency for our customers,” said Malakhov.

ABOUT CARPOOL LOGISTICS

Carpool Logistics, based in Atlanta, Georgia, is a vehicle shipping marketplace fueled by their cutting-edge technology platform. By seamlessly connecting auto haulers with shippers – including auto auctions, dealerships, manufacturers, and fleets – the company streamlines logistics, lowers costs, and reduces emissions. A member of the Atlanta Tech Village and graduate of the Georgia Tech Advanced Technology Development Center (ATDC), Carpool Logistics has earned recognition as a leading innovator in the Southeast, being named Atlanta’s Best B2B Startup and a 2024 Top 40 Innovative Company in Georgia. Learn more at carpoollogistics.com.

ABOUT WAVECREST GROWTH PARTNERS

Wavecrest Growth Partners is a growth equity firm focused on investing in and partnering with leading B2B software and technology-enabled services companies based in both North America and Western Europe. Wavecrest targets investments in high-growth companies with proven products and business models and brings to bear a differentiated combination of investing and operating experience and networks to help accelerate growth and profitability. Wavecrest’s team has over five decades of collective investing and operating experience in growth-stage B2B technology companies, including numerous successful outcomes. For more information, visit wavecrestgrowth.com.

ABOUT CARMAX

CarMax, the nation’s largest retailer of used autos, revolutionized the automotive retail industry by driving integrity, honesty and transparency in every interaction. The company offers a truly personalized experience with the option for customers to do as much, or as little, online and in-store as they want. During the fiscal year that ended February 29, 2024, CarMax sold approximately 770,000 used vehicles and 550,000 wholesale vehicles at its auctions. In addition, CarMax Auto Finance originated more than $8 billion in receivables during fiscal 2024, adding to its more than $17 billion portfolio. CarMax has over 245 store locations, nearly 30,000 associates, and is proud to have been recognized for 20 consecutive years as one of the Fortune 100 Best Companies to Work For®. CarMax is committed to making a positive impact on people, communities and the environment. Learn more in the 2024 Responsibility Report. For more information, visit www.carmax.com.

CONTACT

Austin Bryan
[email protected]

SOURCE Carpool Logistics

Corporate venture leader has invested $150 million in 18 AI companies to date; new commitment will accelerate investments to improve efficiency, reduce emissions and strengthen the energy grid

MENLO PARK, Calif., March 12, 2025 — National Grid Partners, the corporate venture capital and innovation arm of one of the world’s largest utilities, today announced a commitment to invest $100 million in artificial intelligence (AI) startups that are advancing the future of energy. The funds will accelerate development of a more efficient, resilient and dynamic grid that supports economic growth, reduces customer costs, helps meet climate goals and ensures energy security.

As part of this commitment, National Grid Partners is also announcing its latest investment in Amperon, a leading provider of AI-powered energy forecasting and analytics solutions. Amperon’s technology helps utilities manage demand and ensure grid reliability. Since its founding in 2018, National Grid Partners has invested more than $150 million in 18 AI startups focusing on energy innovations, amounting to 37% of its portfolio.

“Power systems like National Grid’s are seeing unprecedented challenges, with soaring demand driven by datacenters and the electrification of heat and transport, as well as requirements for a more flexible grid with the rise of renewables and EVs,” said John Pettigrew, CEO of National Grid plc. “We are seeing artificial intelligence play a vital role resolving these issues and delivering compelling results across our operations. Scaling AI will continue to help National Grid provide the most efficient, modern grid available for our millions of customers in the U.S. and U.K.”

National Grid Partners – the utility industry’s only Silicon Valley based corporate venture group – invests in a wide array of technologies to deliver rapid impact for utilities and the broader energy sector. More than 80% of its portfolio companies are strategically engaged with National Grid business units to streamline operations, boost safety and reliability, improve customer service and speed the development of tomorrow’s energy networks. Examples include:

• AiDASH unites satellite data with proprietary AI to help utilities monitor infrastructure networks in real time. By rapidly identifying potentially hazardous trees near power lines and prioritizing them for removal, National Grid has seen outages drop by 30% since deploying AiDASH in Massachusetts.
• Exodigo uses AI and advanced sensors to “see” underground, avoiding costly missteps when expanding energy infrastructure. In New York, National Grid has deployed Exodigo to accelerate electric substation and transmission line expansion by discovering and avoiding buried obstacles.
• Luminance develops legal-grade AI to automate and augment every touchpoint a business has with its contracts. National Grid uses its platform to streamline negotiation and analysis of contracts and other legal documents critical to accelerating the deployment of clean energy and smart grid assets.
• Sensat uses AI to help owners of critical infrastructure visualize and collaborate via digital twins, resulting in faster project completion and lowered costs. National Grid has deployed Sensat in the UK to speed substation upgrades and connect data centers to the grid; this has resulted in fewer contractor errors, increased worker safety and weeks pared from the traditional surveying process.
• Urbint develops an AI-based risk management platform to predict threats to critical infrastructure and worker safety. National Grid has deployed Urbint’s solution to reduce costly and dangerous pipeline damage from third-party excavation. Urbint also helped National Grid identify 35% more potential field-worker hazards than manual methods, boosting employee safety across the utility’s U.S. service territory.

“AI is helping us improve operations and achieve efficiencies we never could with legacy technologies,” said Steve Smith, President of National Grid Partners and Chief Strategy and Regulation Officer at National Grid. “Our AI-powered portfolio is doing everything from accelerating critical construction timelines to boosting transmission line capacity for National Grid. And with more than 120 other global utilities in our NextGrid Alliance, we’re speeding these innovations across the industry.

“This $100 million commitment will help National Grid accelerate AI deployments to build a more robust and intelligent grid,” Smith added, “while ensuring that AI delivers far more value than the energy it consumes.”

About National Grid Partners
National Grid Partners is the venture investment and innovation arm of National Grid plc., one of the world’s largest investor-owned energy companies. By providing corporate venture capital, business development counsel and direct integration with National Grid’s innovation teams, National Grid Partners is accelerating the energy transition and helping new technologies reach critical scale faster. We also convene the NextGrid Alliance (www.ngalliance.energy), a network of senior innovation executives from more than 120 worldwide utility companies focused on harnessing the industry’s latest technologies. Headquartered in Silicon Valley, National Grid Partners has offices in Boston, London, and New York. Visit ngpartners.com or follow us on Twitter and LinkedIn.

Logo – https://mma.prnewswire.com/media/900226/National_Grid_Partners__Logo.jpg

HOUSTON, March 12, 2025 — Amperon, a leading provider of AI-powered energy forecasting and analytics solutions, today announced a strategic investment from National Grid Partners, the venture investment and innovation arm of National Grid (NYSE: NGG). This investment will further accelerate Amperon’s commercial expansion across North America and Europe, enhancing its ability to provide best-in-class AI-powered energy forecasting and market analytics to utilities, independent power producers, and energy market participants.

The investment from National Grid Partners underscores the growing demand for advanced AI-driven solutions that help utilities and energy companies navigate the complexities of modern energy markets. With increasing volatility in power markets and the transition to a more distributed and decarbonized grid, Amperon’s platform helps its customers improve grid reliability, manage financial risk, and optimize renewables.

“National Grid Partners offers a wealth of strategic value as an investor,” said Sean Kelly, CEO and Co-Founder of Amperon. “Their deep industry expertise and commitment to innovation make them an ideal partner as we continue scaling our operations and expanding our footprint in key energy markets. This investment allows us to accelerate our commercial reach, particularly in the UK, where grid modernization and resilience are at the forefront of the energy transition.”

National Grid owns and operates the high voltage electricity transmission network in England and Wales as well as the UK’s largest electricity distribution network. It also serves more than 20 million people in New York and Massachusetts.

In June 2024, Amperon expanded into 15 European countries, solidifying its position as a leading provider of energy forecasts. The company’s AI-powered forecasting models have outperformed many incumbents in accuracy, most notably in France, Germany, Spain, Ireland, and the UK, enabling market participants to optimize energy strategies and enhance grid stability. With advanced machine-learning capabilities, improved physics-based modeling, and new weather ensemble features, Amperon continues to invest and improve its accuracy, with an average 10% improvement in accuracy over the last six months.

“As the energy landscape becomes more complex and dynamic, the need for accurate, real-time data and predictive insights has never been more critical,” said Raghuram Madabushi, Investment Director at National Grid Partners. “Amperon’s AI-driven approach to forecasting is a perfect fit with our vision for a smarter, more resilient grid – and this marks the inaugural investment from our new, $100 million commitment to AI solutions advancing our energy system. We believe Amperon will play a vital role in scaling innovation across utilities, and we see significant potential for their AI-powered solutions to enhance grid operations in both the US and UK.”

Amperon has established itself as a trusted partner for energy retailers, utilities, and independent power producers, such as Ørsted, Axpo, AES, and Rhythm Energy, delivering AI-powered forecasts that enable real-time, data-driven decision-making. By providing precise insights, Amperon helps its customers manage resources more effectively and stay ahead in a rapidly evolving energy landscape. Now, with the support of National Grid and National Grid Partners, Amperon will further enhance its product offerings, expand its UK presence, and solidify its position as the go-to platform for energy forecasting services.

About Amperon

Amperon is the leading energy forecasting company, positioned at the intersection of energy data and AI. Founded in 2018, Amperon has become a trusted partner to power and utility companies, delivering demand, renewable generation, and price forecasts. With cutting-edge predictive analytics, seamless data integrations, and premium customer support, Amperon enables customers to enhance grid reliability and optimize asset performance. Committed to grid modernization, Amperon is the forecasting company of the energy transition.

For more information about Amperon, visit www.amperon.co.

About National Grid Partners

National Grid Partners is the venture investment and innovation arm of National Grid plc., one of the world’s largest investor-owned energy companies. By providing corporate venture capital, business development counsel and direct integration with National Grid’s innovation teams, National Grid Partners is accelerating the energy transition and helping new technologies reach critical scale faster. We also convene the NextGrid Alliance (www.ngalliance.energy), a network of senior innovation executives from more than 120 worldwide utility companies focused on harnessing the industry’s latest technologies. Headquartered in Silicon Valley, National Grid Partners has offices in Boston, London, and New York. Visit ngpartners.com or follow us on X and LinkedIn.

Logo – https://mma.prnewswire.com/media/1809160/Amperon_Logo.jpg

ST. PETERSBURG, Fla., March 12, 2025 — MoirAI Cloud just landed a $1 million pre-seed round to take AI data center efficiency to the next level. Backed by prominent angel investors, this funding accelerates the company’s AI-driven software to cut power consumption by 95%, lower costs, and increase efficiency.

“The way AI and cloud infrastructure scale today is wildly inefficient. We’re changing that,” said Robert Twitchell, CEO of MoirAI Cloud. “Our software doesn’t just cut waste —it unlocks productivity and business growth for AI and its users.”

Today’s data centers burn massive amounts of energy, especially with LLM-based AI models. MoirAI Cloud breaks the outdated “more compute = more power” paradigm with an intelligent system that optimizes real-time power usage, cooling, and server efficiency. The result? Lower energy bills, reduced demand for top-tier hardware, and a more sustainable future.

This funding fuels MoirAI Cloud’s next phase: expanding the team, scaling product development, and forging strategic partnerships to bring this energy-saving tech to data centers worldwide. 

About MoirAI Cloud
MoirAI Cloud aims to make AI and data centers smarter and not wasteful. Founded in 2024 by telecommunications and electronic warfare expert Robert Twitchell, the company develops AI-driven infrastructure software that reduces energy costs, increases efficiency, and helps businesses scale without unnecessary resource drain.

For more information, visit www.moiraicloud.ai

SOURCE MoirAI Cloud

Breakthrough in superconducting digital logic removes quantum scaling barriers, paving the way for large-scale quantum computing

HERZLIYA, Israel, March 12, 2025 — QuamCore, a deep tech startup redefining quantum computing scalability, announced today its emergence from stealth with $9 million in seed funding. Founded in 2022, QuamCore has spent the past two years developing its breakthrough superconducting quantum processor architecture, working in stealth mode to solve the critical scalability challenges that have long prevented practical quantum computing. The company has now emerged with a patented architecture that enables the integration of 1 million qubits into a single cryostat – a milestone previously thought impossible. This breakthrough dramatically reduces the size, energy consumption, and cost of quantum computers, unlocking practical applications across pharmaceuticals, AI, materials science, and energy.

Funding is led by Viola Ventures and Earth & Beyond Ventures.

The biggest obstacle to building a commercially viable superconducting quantum computer has been managing heat, given that systems rely on delicate quantum processors that must operate at temperatures near absolute zero. Traditional control electronics generate too much heat and must therefore be placed outside the cryostat (the ultra-cold chamber where quantum computing happens). This separation creates an insurmountable scaling bottleneck, requiring millions of cables to connect the control electronics to the processor.

Right now, the most advanced quantum computers from IBM and Google can only fit about 5,000 qubits per cryostat, requiring hundreds of interconnected cryostats in a football-field-sized facility to scale. This approach is not only space- and cost-prohibitive but also introduces complexity that hinders practical adoption. QuamCore’s breakthrough changes this entirely, reducing cabling by a factor of more than 1,000, enabling the first practical path to scaling beyond 1 million qubits in a single, compact system. What once required a football field of hardware can now, with QuamCore’s technology, be condensed into a compact box – fundamentally reshaping the economics and accessibility of quantum computing.

QuamCore’s leadership team brings together deep expertise in quantum physics, superconducting systems, and large-scale semiconductor development.
CEO Alon Cohen, co-founder of the EyeC Radar Group at Mobileye (Intel), served as the chief architect and head of the EyeC Radar algorithm group, shaping it into a core technology for autonomous vehicle perception. He holds over 40 patents in radar, communication, and signal processing and was awarded Intel’s highest innovation honor, the Intel Oscar Prize, for his contributions.

CTO Prof. Shay Hacohen-Gourgy, a leading expert in superconducting quantum computing, has spent over 15 years pioneering experimental research in quantum information and solid-state physics. A professor at the Technion – Israel Institute of Technology, his groundbreaking work in superconducting circuits and quantum measurement has been published in top-tier journals, including Nature. 
Chief scientist Prof. Serge Rosenblum, a leading researcher at the Weizmann Institute of Science, brings over 15 years of experience across various quantum technologies, with multiple breakthrough papers published in top-tier journals, including Science.
Prof. Hacohen-Gourgy and Prof. Rosenblum conducted their postdoctoral research at UC Berkeley and Yale before returning to Israel seven years ago. They built Israel’s leading superconducting quantum laboratories at the Weizmann Institute and the Technion, respectively.
Senior Advisor Prof. Eby G. Friedman, a world-renowned expert in superconducting digital circuits from the University of Rochester, has contributed to over 600 publications and patents, with his work laying the foundation for advances in high-performance digital superconducting logic.

“The challenge in quantum computing isn’t just adding more qubits – it’s how you scale without hitting fundamental barriers,” said Alon Cohen, CEO of QuamCore. “From the outset, we understood that reaching 1 million qubits was the threshold for unlocking real-world value. But we also saw that this required a radical rethinking of quantum processor architecture. We explored multiple approaches and found a path that actually works – one that eliminates the core bottleneck preventing quantum computing from scaling.”

“To achieve this, we rethought everything – from transitioning to digital control, developing new superconducting devices, and redesigning the processor architecture from the ground up,” Cohen added. “The result is a breakthrough in power efficiency, overcoming a fundamental gap that has long prevented large-scale quantum computing. Today, we have a detailed blueprint for a 1-million-qubit quantum computer in a single cryostat, marking a clear, viable path toward practical large-scale quantum computing. Our design also incorporates built-in error correction, paving the way for fault-tolerant quantum systems.”

“The world is still waiting for a commercially viable quantum computer, and no one has had a clear path to get there – until now,” said Zvika Orron, General Partner at Viola Ventures. “QuamCore’s breakthrough isn’t just about making quantum computers smaller; it’s about enabling large-scale, fault-tolerant quantum computing for the first time. Just as transistors replaced vacuum tubes, QuamCore is redefining what’s possible in quantum.”

About QuamCore
QuamCore is pioneering Massive Scaling in quantum computing, pushing the limits of what’s possible. The company’s patented superconducting quantum processor architecture enables fault-tolerant, scalable systems capable of managing millions of qubits. With an architecture-first approach, QuamCore is making large-scale, economically viable quantum computing a reality, unlocking real-world impact across industries. For more information, please visit www.quamcore.com

About Viola Ventures
Viola Ventures is an early-stage fund committed to building global category leaders from Israel. Founded in 2000, Viola Ventures has backed 200+ technology companies, among them some of Israel’s leading startups such as ironSource (acquired by Unity), Redis, Immunai, and Pagaya. With over $1.4B AUM the fund invests from inception stage, with a focus on Vertical AI and Cyber/AI Infrastructure. Viola Ventures is part of Viola Group, Israel’s leading tech investment platform, managing over $6.5B AUM.

Contact:

David Weissmann
VP Media Strategy
Gova10
[email protected]

SOURCE QuamCore

Leading the Automated Cyber Security Validation market, Pentera’s funding fuels its growth to surpass $200M in ARR

BOSTON, March 12, 2025 — Pentera, the leader in automated security validation, today announced a $60 million Series D funding round led by Evolution Equity Partners, with participation from Farallon Capital Management, bringing the company’s total funding to $250 million. Pentera’s funding reinforces its position as the undisputed leader in Automated Security Validation and fuels the next phase of its hypergrowth. Since its previous funding round in December 2021, Pentera has increased its ARR by more than 300% and expanded its customer base by 200%.

AI is transforming the cyber threat landscape, empowering attackers with sophisticated, automated techniques that accelerate ransomware campaigns and increase operational complexity for defenders. Pentera’s platform addresses this challenge by enabling organizations to adopt Continuous Threat Exposure Management (CTEM) frameworks, ensuring their defenses are continuously validated and resilient against the latest AI-driven threats.

Pentera emulates real-world adversarial techniques to uncover exploitable security gaps across on-prem networks, web-facing assets, and complex multi-cloud environments. The platform enables security teams to analyze complete attack paths, identify root causes, and prioritize remediation for effective risk reduction.

More than 1,100 leading enterprises worldwide – including Casey’s, Wyndham Hotels & Resorts, and Virgin Atlantic – trust Pentera to validate their security defenses against real-world threats. With this new funding, Pentera will accelerate innovation through advanced research and development, cutting-edge AI integration, and aggressive expansion in the U.S. market – strengthening its position as the global standard in security validation.

“Security teams face relentless, automated threats that traditional testing methods can’t match,” said Amitai Ratzon, CEO of Pentera. “This investment allows us to accelerate innovation and expand our platform to help enterprises continuously validate their security against real-world attacks. As we execute our strategy to exceed $200M in ARR, we are actively exploring strategic M&A opportunities to drive market consolidation and deliver even greater value to our customers.”

“Pentera has redefined enterprise security testing and validation practices,” said Richard Seewald, Managing Partner at Evolution Equity Partners. “Pentera’s exceptional growth, strong enterprise adoption, and category-defining innovation make it the clear leader in Automated Security Validation. We are proud to lead this investment and continue our relationship with Pentera as it scales globally, expands its technology, and continues to set the industry standard for security validation.”

“We’re thrilled to support Pentera in this next phase of growth,” said Ido Krakowsky, Head of Growth Capital at Farallon Capital Management. “Pentera has demonstrated remarkable market traction and a clear vision for the future of cybersecurity. Its innovative approach to security validation is transforming how enterprises proactively defend against threats, and we look forward to being part of its continued success.“

About Pentera

Pentera is the market leader in Automated Security Validation, empowering companies to proactively test all their cybersecurity controls against the latest cyber attacks. Pentera identifies true risk across the entire attack surface, guiding remediation to effectively reduce exposure. The company’s security validation capabilities are essential for Continuous Threat Exposure Management (CTEM) operations. Thousands of security professionals around the world trust Pentera to close security gaps before threat actors can exploit them.

For more information, visit: pentera.io.

Media contact for Pentera
Noam Hirsch
Senior PR Manager
[email protected]

SOURCE Pentera