PLEASANTON, Calif., June 3, 2025 — Deep Sentinel, the leader in proactive AI-powered security, today announced it has raised an oversubscribed $15 million in Series B funding led by Egis Capital Partners. The round also received continued support from existing backers such as Intel Capital, Shasta Ventures, UP2398, and Slow Launch Fund. Deep Sentinel has doubled its sales bookings year over year and continues to outpace traditional players in a legacy industry where most companies grow at 20 to 30 percent annually.

The latest investment will support Deep Sentinel’s rapid expansion, continued development of its proprietary AI models and scaling of its Bring Your Own Camera (BYOC) third-party camera integration program, which now accounts for nearly half of all sales. The company is also focused on growing its national footprint across commercial and residential sectors.

“This funding marks a new chapter in our mission to redefine what proactive security looks like,” said David Selinger, founder and CEO of Deep Sentinel. “We’re not just adding more cameras or software features. We’re transforming how people experience safety, with a platform that delivers real-time intervention at the highest standard in the industry.”

The BYOC program is especially important in this vision for Selinger: “With support for plug-and-play integration with key brands such as Digital Watchdog, Axis, Uniview, Hikvision, Luma/SnapOne, we are able to reach a growing market segment – businesses who want to improve the capabilities of existing hardware instead of ‘Rip-and-Replace’, as well as their partners.”

Deep Sentinel offers an integrated approach to crime prevention, combining artificial intelligence with live human guards. Its proprietary platform monitors video feeds in real time, and trained guards intervene within seconds when suspicious behavior is detected. The platform can be integrated with existing camera hardware, helping businesses avoid costly equipment upgrades and reduce upfront investment.

The addition of Egis brings more than just capital to the table. With a deep track record in physical security and technology, the firm brings strategic insight and operational experience to support Deep Sentinel’s growth and scaling.

“Egis Capital Partners is thrilled to lead Deep Sentinel’s Series B financing, fueling the continued growth of a leader in next-generation, AI-enabled proactive security solutions. Since 2008, Egis has been a dedicated investor in the security and safety industry, with Deep Sentinel representing our fifth investment in remote video monitoring across our three funds. We are excited to back Deep Sentinel, led by David Selinger, and support Deep Sentinel’s vision of making every family, business, and community safe and secure,” said Robert Chefitz, Founder and Managing Partner at Egis Capital Partners. 

About Deep Sentinel

Deep Sentinel is revolutionizing physical security for businesses and homes as the only system that stops crime before it happens. Our patented AI system adds real-time video monitoring and live human guards to passive security cameras, turning almost any security system into part of Deep Sentinel’s exclusive crime-stopping network — and preventing thousands of crimes each month.

Trusted by hundreds of security integrators and thousands of businesses across the U.S., Deep Sentinel’s proprietary AI constantly monitors from the perimeter to the secure interior of properties to instantly detect suspicious activity and dispatch live guards. These highly-trained remote guards (“Live Sentinels”) intervene through two-way audio and escalate to law enforcement as needed.

Deep Sentinel’s AI-powered live guard service integrates effortlessly with a range of camera systems — whether existing third-party cameras or Deep Sentinel’s own. This gives businesses and security integrators a plug-and-play upgrade path that complements their current security and analytics tools. For more information, visit www.deepsentinel.com.

Media Contact: 

Ksenia Kulik 

Interdependence Public Relations    

[email protected]

(919)-349-3786  

SOURCE Deep Sentinel

New fund will continue to focus on scaling breakthroughs in Robotics and Physical AI

BOSTON, June 3, 2025 — Boston-based Cybernetix Ventures, a leading US early-stage venture capital firm investing in robotics, automation and physical AI technology companies, today announces its second fund. Leveraging its longstanding leadership in robotics, and unparalleled deep and wide network in robotics the firm is launching this fund to fuel the next generation of breakthrough solutions for industries where innovation matters most. This fund will build on the success of the firm’s current fund 23 investments in companies across the US and Europe developing solutions for critical vertical markets, including manufacturing, logistics, construction, agriculture, climate and healthcare. Cybernetix is led by robotics experts Fady Saad and Mark Martin, who have 50 years of combined robotics technologies, operations and investing experience. 

“We’ve been evangelizing the inevitable potential of intelligent machines for over a decade, and the emergence of physical AI has finally made once-theoretical use cases commercially viable. Robotics is no longer a fringe interest; it’s a distinct, nuanced asset class with unique dynamics. In today’s venture environment, investors are increasingly paying higher prices for early-stage exposure, often without the operational insight to manage the associated risk,” said General Partner Fady Saad. “At Cybernetix, we’re purpose-built for this moment. Our deep sector expertise, active corporate partnerships, and intimate understanding of the ecosystem allow us to underwrite risk more intelligently and unlock real value where others simply speculate.”

With approximately 1,200 deal flow opportunities per year, Cybernetix Ventures has already built an investment portfolio of leading early-stage robotics and physical AI companies covering their target technology and market sectors. Among them are Raise Robotics, which helps workers with challenging tasks on construction sites, making jobs safer and improving productivity, Rugged Robotics, which uses automation and robotics to automate facilities, such as warehouses, data centers, and construction sites, and Airworks, which leverages geospatial surveying for large scale infrastructure. Cybernetix has seen significant markups in valuations as many of these companies have moved through their funding rounds. According to Grandview Research, the global AI in robotics market was valued at approximately $12.77 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 38.5%, reaching around $124.77 billion by 2030.

“Cybernetix was designed from the ground up to serve one purpose: backing the world’s most promising robotics startups with the insight, capital, and network they need to scale. We’ve built one of the most targeted and efficient investment models in the robotics sector today,” said General Partner Mark Martin. “If you believe in the long-term power of the robotics megatrend, and you understand that the highest returns come from getting in early, Cybernetix is the firm to watch. Our conviction is deep, our lens is precise, and our track record speaks to the strength of this category when approached with discipline and domain focus.”

The Cybernetix expertise is also bolstered by key advisors from iRobot, Kiva/Amazon Robotics, Flagship Ventures, Locus Robotics, Tufts University, and Cummings Foundation. This new fund will expand into agriculture and climate, which is why the firm is adding Mark DeSantis, an expert in agriculture robotics, to its impressive advisory roster. 

The team prides itself in being leaders in the ecosystem and also launched Robotics Invest, entering its third year as an annual high-quality, exclusive masterclass attended by 300 robotics leaders each June in Boston. Scheduled speakers hail from companies such as: Clearpath Robotics/Rockwell Automation, Dexterity, Wall Street Journal, Re:Build Manufacturing, and investment banking leaders including JP Morgan and Evercore, and more. Panel discussions include “The 5 W’s of Investing in Robotics (including Humanoids)” and “Why Investing in Robotics is Different from SaaS and Deep Tech.”

About Cybernetix Ventures
Cybernetix Ventures is a venture capital firm investing in early-stage robotics, automation, and physical AI startups. Headquartered in Boston, a growing epicenter for robotics innovation, Cybernetix connects its portfolio to the national and global robotics ecosystems, bringing unparalleled expertise to companies poised to make major impacts in sectors including advanced manufacturing, logistics/warehousing, agriculture, engineering and construction and healthcare/medical devices. For more information, please visit www.cybernetix.vc. Cybernetix recently debuted their Robotics Startup Playbook, showing founders and investors how to successfully navigate this very unique investment class. See the Playbook here.

SOURCE Cybernetix

Canapi Ventures leads investment round to accelerate FISPAN’s growth

VANCOUVER, BC, June 3, 2025 – FISPAN, the industry leader in embedded ERP banking solutions, announced today that it has closed $30 million USD in Series B funding led by fintech and enterprise software investment firm Canapi Ventures. This new capital will accelerate FISPAN’s mission of seamlessly integrating banking services directly into businesses’ enterprise resource planning (ERP) systems and accounting software.

Bridging the Gap Between Banks and Businesses

For many years banks have invested in host-to-host and API platforms, enabling large enterprises to reap the productivity benefits of connecting to their financial institutions directly. FISPAN packages those connectivity capabilities and enables banks to distribute their treasury products to mid-market and smaller businesses via an easy to install, out-of-the-box, in-ERP plugin.

Trusted by the world’s largest banks and nearly 5,000 businesses across North America, FISPAN enables banks to deliver modern, integrated client experiences by embedding key financial and banking capabilities directly into their existing ERP system or accounting software. For businesses, this means:

• Centralized Financial Workflows: Integrating financial transactions and operational workflows into a single system, eliminating inefficiencies and disconnected processes
• Automated Processes: Built-in automation streamlines routine tasks like payment initiation and approval processes – saving time and lowering costs
• Fewer Manual Errors: Direct ERP integrations minimize manual uploads and data entry, improving accuracy and minimizing operational risk

Through seamless API integration with systems like Oracle NetSuite, Sage Intacct, and Microsoft Dynamics 365 Business Central, banks can offer contextual solutions that streamline payables, cash management, and reconciliation.

“This Series B funding is a pivotal moment for FISPAN, empowering us to significantly scale our innovation and market reach,” said Lisa Shields, CEO & Founder at FISPAN. “Canapi quickly distinguished themselves through their understanding of the embedded ERP banking landscape and our unique opportunity within it. With an LP network of over 75 financial institutions—and partners with banktech operating expertise — Canapi is a natural partner for our next chapter. We’re excited to work with Canapi to help more treasury teams optimize their operations.”

Driving the Next Phase of FISPAN’s Expansion

In conjunction with the investment, Tom Davis from Canapi Ventures will join FISPAN’s board of directors. This new capital will fuel several key growth opportunities:

• Accelerated Product Development: Deepen AI capabilities, expand ERP and accounting system integrations, and enhance platform capabilities to support full-stack treasury solutions
• Expanded Market Reach: Scale go-to-market efforts in key regions and significantly grow banking and channel partner networks
• Strategic Talent Acquisition: Expand FISPAN’s world-class team with top-tier talent to accelerate product leadership and customer experience

“FISPAN is at the forefront of a fundamental shift in how businesses interact with their banks,” said Tom Davis, General Partner at Canapi. “Their proven ability to deliver highly sought-after embedded finance solutions positions them for tremendous growth. Our investment reflects our confidence in their visionary team and their capacity to build a leading platform that drives efficiency and value for both financial institutions and their corporate clients.”

About FISPAN

FISPAN is a leading fintech company that seamlessly integrates banks with their clients’ enterprise resource planning (ERP) and accounting systems. Founded in 2016, FISPAN provides innovative ERP banking solutions that eliminate the complexities and frustrations of traditional banking services. By embedding banking services directly into ERP and accounting software, FISPAN streamlines financial workflows, reduces costs, minimizes manual errors, and enhances efficiency for businesses of all sizes. For more information, head to www.fispan.com.

About Canapi Ventures

Canapi is a multi-stage venture capital firm investing in fintech and enterprise software. Backed by the Canapi Alliance – a network of over 70 of the leading financial institutions across the United States – Canapi brings unmatched sector experience and best-in-class knowledge, connections, and credibility to founders. For more information, visit www.canapi.com.

SOURCE FISPAN

Backed by leading institutional Limited Partners, Ventures Fund III underscores the need for thematically aligned investors in today’s market

CHICAGO, June 3, 2025 — Energize Capital, a leading multi-stage investor in climate solutions, today announced the close of its Ventures Fund III (“Ventures III”) totaling $430 million in capital commitments to the fund and its related vehicles. The firm’s fifth institutional fund and third of its Ventures strategy, Ventures III will deploy into earlier-stage companies focused on scaling energy and industrial transformation through digital and software-enabled solutions. This latest raise brings Energize’s total assets under management to over $1.8 billion and will empower the specialist firm to continue leveraging its team’s decades of expertise in climate technology to support entrepreneurs through both financial capital and extensive operational and commercialization support.

Today’s economy is undergoing a profound transformation, placing new demands on capital partners to navigate emerging complexity and create value. Technologies like AI are redefining industrial processes, driving innovation, efficiency, and scalability. At the same time, the reshoring of manufacturing, evolving global supply chains, and the accelerating energy transition are reshaping critical infrastructure. These shifts are creating significant opportunities in areas such as grid interconnection, next-generation manufacturing, and the circular economy—all of which increasingly rely on digital tools to manage complexity and unlock value. With a thesis grounded in digital-first climate solutions and a track record of scaling companies in these evolving sectors, Energize is well-positioned to be a critical partner in this next chapter.

“Now on our third ventures fund, the Energize team has been investing in climate technologies and solutions across several cycles, and we’ve experienced firsthand how this space has evolved in both market size and complexity,” said John Tough, managing partner at Energize Capital. “Today more than ever, operators need specialist investors with deep domain expertise and operational know-how to help them scale their solutions and achieve enduring growth. We are excited to back the next generation of entrepreneurs and are honored to be supported by a group of world-class Limited Partners who align with our mission of investing in climate solutions with ambition.”

Energize’s Ventures Fund III is backed by LPs that represent leading institutional, corporate strategic, family office and impact investors. New LPs in the fund include Första AP-Fonden (AP1), Capricorn, Reference Capital, Keeling Capital, Keysight Technologies, WEX Venture Capital, and several other international pensions. Among returning investors are GE Vernova, CDPQ, Builders Vision, UBS, WEC, and others.

“As an investor committed to accelerating the energy transition, Builders Vision values Energize’s deep industry insights and proven approach to scaling energy transition SaaS businesses,” said Scott Gerdes, director of private investments at Builders Vision. “The close of Ventures Fund III is an opportunity for Energize to further enhance its in-depth research, valuable industry connections, and hands-on team, all of which are crucial for driving broader market adoption. By collaborating with forward-thinking companies and leveraging cutting-edge technology, Energize is fueling growth and contributing to the creation of a cleaner, more resilient energy ecosystem.”¹

The fund will back asset-light climate solutions, with a particular focus on companies operating in the industrial digitization, next generation infrastructure and energy transition sectors. To date, Energize has deployed capital from Ventures III into several investments, including Tyba, a battery software optimization platform; Archive, a technology solution for brands to launch and scale profitable resale businesses; and Nira, a software platform that supports grid interconnection for energy developers.

About Energize Capital
Energize Capital is a leading investor in climate solutions. Founded in 2016 and based in Chicago, Energize seeks to scale sustainable innovation by partnering with the builders and operators shaping the future. To date, Energize has funded 36 companies and deployed more than $920 million through its Venture and Endurance strategies. Founded in partnership with Invenergy, the firm is backed by strategic, institutional, and impact LPs including Första AP-Fonden (AP1), GE Vernova, Capricorn, CDPQ, Builders Vision, UBS, WEC, Reference Capital, Keeling Capital, Keysight Technologies, WEX Venture Capital, and more. For more information on Energize, please visit www.energizecap.com.

Media Contact
Robiny Jamerson, Energize Marketing & Communications, [email protected] 

¹ No compensation was provided in exchange for this testimonial

SOURCE Energize Capital

New funding will support the company’s rapid growth trajectory and efforts to transform pharmaceutical supply chains with its advanced biomanufacturing platform

MENLO PARK, Calif., June 3, 2025 — Antheia, the pharmaceutical ingredient manufacturer transforming essential medicine supply chains, today announced it has raised $56 million in Series C financing. The new financing will be used to expand commercialization of Antheia’s first product, thebaine, and launch additional products from the company’s pipeline of 70+ biosynthetic pharmaceutical ingredients, which spans seven therapeutic areas and prioritizes essential medicines in or at risk of shortage. Additionally, the funding will allow Antheia to unlock its U.S. manufacturing operations to meet domestic demand and begin new strategic innovation programs in Singapore, while expanding into the broader Asia region.

“Our industry-first biosynthetic product offerings are disrupting the market by addressing major supply chain issues and are quickly cementing Antheia’s position as a leading industry innovator,” said Dr. Christina Smolke, CEO and co-founder of Antheia. “In collaboration with our investors, customers, and manufacturing partners, we are enabling widespread access to critical medicines with our world-leading biosynthesis technology. We are immensely grateful to these partners that share our vision for the next generation of pharma, and we look forward to achieving more industry-first milestones with today’s financing.”

Drug shortages remain a persistent problem plaguing nations worldwide and are exacerbated by supply chain disruptions, climate crises, and shifting geopolitics. Antheia’s biomanufacturing platform is ushering in the next era of efficient, agile, and distributed pharmaceutical manufacturing that can be implemented when and where needed to meet the demands of 21^st century healthcare systems.

The Series C financing was led by Global Health Investment Corporation (GHIC), a U.S.-based investment firm with an established history of supporting innovation in global health and health security and EDBI, operating under SG Growth Capital, the investment platform of the Singapore Economic Development Board (EDB) and Enterprise Singapore. Additional new investors in this round include ATHOS KG and Federov, with participation from existing investors, including Viking Global Investors, Sherpalo Ventures, S-Cubed Capital, In-Q-Tel (IQT), and Civilization Ventures.

“Global pharmaceutical supply chains are complex and increasingly vulnerable to critical drug shortages – an urgent health security challenge,” said Joseph Lee, Principal at GHIC. “Antheia’s biosynthesis platform offers a transformative and elegant solution, enabling more efficient, scalable, and reliable production of KSMs and APIs. We are excited to support Antheia’s next phase of growth and to partner in building a more resilient future for global biomanufacturing.”

“Antheia’s pioneering biosynthesis platform transforms essential medicine supply chains by addressing critical bottlenecks. As Singapore strengthens its position as Asia’s biotech hub, EDBI is proud to partner with Antheia to advance bio-based innovation. We see significant opportunities for Antheia to expand its biomanufacturing capabilities and applications through collaborations with Singapore’s vibrant scientific ecosystem – including A*STAR, Singapore’s lead public sector R&D agency – creating valuable synergies for future growth across Asia,” said Paul Ng, Chief Executive Officer of EDBI.

Today’s news comes on the heels of several major milestones, including Antheia’s first commercial delivery of thebaine – the key ingredient used to produce Narcan – and two U.S. government project agreements valued up to a combined $23 million to onshore pharmaceutical supply chains. Antheia’s strong commercial momentum and the broader industry response underscore the company’s vital role in modernizing global pharmaceutical supply chains and realizing biomanufacturing’s potential to solve the world’s most pressing problems.

About Antheia
Antheia is the next-generation pharmaceutical ingredient producer with a mission to end drug shortages. Using advanced biosynthesis and fermentation technology, Antheia’s biomanufacturing platform enables rapid, efficient, agile, and on-demand production of key starting materials (KSMs) and active pharmaceutical ingredients (APIs) that are critical to public health. This highly flexible approach supports the needs of a growing society and improves global access to essential medicines. Founded in 2015, Antheia has grown into a commercial stage company with its first product to market, an active customer pipeline, and near-term product launches. For more information on how Antheia is transforming pharmaceutical supply chains, visit www.antheia.bio.

MEDIA CONTACT:
Mission North for Antheia
[email protected]

SOURCE Antheia

Backed by 147% year-over-year growth and adoption by Fortune 500 companies, Voxel is scaling its real-time safety platform across high-risk industries.

SAN FRANCISCO, June 3, 2025 — Voxel, the AI company revolutionizing workplace safety and risk, today announced it has raised $44 million in Series B funding led by NewRoad Capital Partners with participation from current investors Eclipse, Rite Hite, Tokio Marine, and MTech as well as HG Ventures and Whitestone. This round brings the company’s total funding of $61 million to date. Voxel will use the funding to accelerate R&D and deepen its AI capabilities—enhancing real-time computer vision models and expanding data insights. The company will also invest in growing its team of industry experts to ensure Voxel’s customers don’t just benefit from cutting-edge AI solutions, but also decades of applied experience in industrial environments.

Despite most companies having a heavy focus on improving safety, 2.78M workers lose their lives every year to work-related incidents globally—a stark reminder that traditional safety approaches fall short. Voxel helps organizations prevent accidents before they happen by identifying potential hazards and unsafe behaviors in real-time, enabling supervisors and safety managers to take immediate action. By integrating directly with existing security cameras to detect unsafe behaviors and operational inefficiencies autonomously, Voxel makes proactive prevention possible at scale.

“We’re developing AI to support the workers performing demanding jobs day in and day out—on warehouse floors, in factories, in ports–really any industrial environment,” said Vernon O’Donnell, CEO of Voxel. “Leaders don’t need more dashboards or things to do on a daily basis: They need tools that drive action, improve training, and keep teams protected in a way that is part of their daily workflow. Our deep commitment to understanding our customers’ operations is why they see up to an 80% reduction in high-risk behaviors just months after deployment.”

Deployed by companies like Dick’s Sporting Goods, Americold, AGI, Port of Virginia, and Berry Global, Voxel is becoming the trusted partner for leading enterprises across logistics, retail, warehousing, and manufacturing. Beyond best-in-class AI, Voxel’s safety platform consolidates AI-generated insights, giving teams clear visibility into emerging risks. This allows safety, operations, and HR professionals to address issues before they result in injuries—fundamentally shifting workplace safety from reactive response to proactive prevention.

Voxel’s growth is supported by strong performance across key areas of the business:

• Financial Performance: 147% year-over-year revenue growth with 202% net revenue retention;
• Customer Impact: 91% reduction in recordable injuries, with one site saving over $2.2M in direct costs over a 2-year period; and
• Market Adoption: Expansion across retail, logistics, and manufacturing sectors, with five new Fortune 500 clients in Q1 2025.

“Voxel is solving a problem every operator understands—how to keep people safe while running complex, high-velocity environments,” said Chris Sultemeier, Operating Partner at NewRoad Capital Partners and former EVP of Logistics at Walmart. “Their platform brings real-time visibility to the places it’s been missing for too long. The team has built something that works, and the market is ready for it.”

“Voxel has fundamentally shifted how we think about safety and operations. With real-time insights, we’re not just reacting to incidents—we’re preventing them. It’s helped us build a stronger safety culture while driving meaningful efficiency gains. Voxel isn’t just a vendor—they’re our AI partner, and our partner for the future,” said Drew Kofeldt, Chief Safety Officer, AGI.

“Voxel brings the kind of proactive insight our clients have been looking for with actionable data that helps prevent losses, strengthens safety programs, and ultimately reduces the total cost of risk,” said James D’Errico, CSP, National Leader, Risk Control at Gallagher.

To learn more about Voxel, book time with our team.

About Voxel
Voxel is revolutionizing workplace safety with its AI-powered site visibility platform, designed to help organizations identify and mitigate risks in industrial environments. Using existing cameras, Voxel transforms basic video footage into actionable insights, enabling organizations to proactively make workplaces safer and more effective.

Voxel partners with businesses across industries such as warehousing, manufacturing, distribution, and insurance. By equipping businesses with the tools to identify risks before they happen, Voxel powers safer, more effective work environments.

SOURCE Voxel

VILNIUS, Lithuania, June 3, 2025 — Startup Lithuania, in partnership with global innovation platform Plug and Play, announces today the 5th call for applications for the Startup Lithuania Accelerator powered by Plug and Play. This initiative aims to empower early-stage, tech-driven startups willing to establish in Lithuania by providing access to tools, mentorship, and a global network to scale their businesses. Applications for Batch 5 are open and close on July 4, 2025.

After four batches accelerating over 40 startups, helping 18 secure funding, and taking 12 companies to Silicon Valley through the Plug and Play Global Overseas Acceleration & Learning (GOAL), the Startup Lithuania Accelerator will conclude with its fifth and final batch. This marks the last opportunity for startups to join the program that has launched both Lithuanian and international startups onto the global stage.

“This 5th call for applications is an incredible closing chapter for the Lithuanian startup ecosystem,” said Povilas Žinys, Director of Plug and Play Lithuania. “We’re excited to meet new startups, help them scale, and connect them with the tools, knowledge, and investors they need to grow.”

The final Batch 5 program will follow the established structure of previous cohorts, offering selected startups access to mentorship from industry experts, pitch development sessions, and office hours with the Plug and Play team. Startups will also have the opportunity to present at the program’s Expo event in front of investors and corporate partners and be considered for the GOAL program in Silicon Valley.

For information about the application process, Plug and Play will host an online information session on June 10 to explore the program in detail, including benefits, selection criteria, and important dates, to help potential participants prepare their applications. 

Following the close of applications, Plug and Play will analyze submissions and present top candidates to the Investment Committee for final selection. Selected startups will be invited to the Launch Event on September 18, 2025, in Vilnius, Lithuania, marking the start of the program.

The Startup Lithuania Accelerator has strengthened the local startup ecosystem by helping founders prepare for investment, connect with international partners, and scale their businesses. Kloosive, one of the program’s alumni, secured funding from Plug and Play after completing the program.

“The connections we made and the support from others in the batch were game changers for us,” said Viktorija Ramanauskaitė, CEO of Kloosive.

Batch 4 has already shown strong momentum. The 15 startups accepted into Batch 4 include:

“Time flies when the journey is this impactful – we can hardly believe we’re already inviting startups to the final Plug and Play cohort in Lithuania. It’s been an incredible ride, and the results speak for themselves: the fourth batch brought together many of the ecosystem’s most recognized startups, proving that the Lithuanian tech scene sees Plug and Play as a truly valuable international partner,” said Karolina Urbonaitė, Startup Ecosystem Lead at Startup Lithuania. “We strongly encourage all ambitious founders to seize this final opportunity to learn from global experts, connect with a worldwide network, and be seen on the international stage.”

For more information and to apply for Batch 5 of the program, visit https://startup-lithuania-accelerator.pnptc.com/.

About Startup Lithuania

Startup Lithuania is the national startup ecosystem facilitator, powered by Innovation Agency Lithuania, under the Ministry of Economy and Innovation of the Republic of Lithuania. It supports startups through key growth initiatives, connecting international resources with local talents.

The organization leads initiatives such as the Startup Guide, an online pre-acceleration program, and the Startup Visa Lithuania program, which helps international talent relocate to Lithuania.

Startup Lithuania also organizes Startup Fair, the country’s main annual startup event, and actively represents the ecosystem at international tech conferences, putting Lithuania’s startups on the global map.

For more information, visit Startup Lithuania.

About Plug and Play

Plug and Play is the leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we’re present in 60+ locations across five continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize startup acceleration programs and have built an in-house VC to drive innovation across multiple industries where we’ve invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For more information, visit https://www.plugandplaytechcenter.com/. 

Plug and Play Media Contact
[email protected]

SOURCE Plug and Play

NEW YORK, June 3, 2025 — Trustifi, a leading cybersecurity software platform specializing in email security, data loss prevention, and security awareness training, today announced the successful closing of its $25 million Series A funding round. The investment was led by New York City-based software growth equity firm Camber Partners, known for backing innovative growth-stage B2B SaaS companies during their rapid scale-up phase.

This funding round emphasizes the growing market demand for Trustifi’s comprehensive secure email platform, which is designed to simplify and automate email security for businesses across all geographies and sectors. The new capital will be utilized to bolster and accelerate Trustifi’s product roadmap, double down on go-to-market initiatives, and increase awareness and marketing efforts within the company’s rapidly growing end-market.

“We are eager to partner with Camber for the chapter ahead,” said Trustifi CEO, Rom Hendler. “Their collaborative approach, strategic insight, and deep experience in scaling software companies will be invaluable as we continue to innovate and deliver an industry-leading cybersecurity platform. This investment reinforces the strength of our technology and the exceptional value we provide our customers and partners.”

Camber Partners, which takes a data-driven approach to software investing, recognized Trustifi’s unique positioning in the heavily funded and ever-evolving cybersecurity software landscape.

“We believe Trustifi has the potential to become the leading email security platform for MSPs, and we’re charging hard to support them in realizing this opportunity,” said Justin Johnson, Investor at Camber Partners. “Trustifi’s comprehensive and well-loved product suite, channel-first approach, and modern AI-first solution set it apart, and we’re thrilled to be partnering with the Trustifi team on this journey.”

Trustifi’s platform helps organizations protect sensitive information, prevent data breaches, and ensure compliance with regulatory standards through seamless integration with existing email systems like Microsoft 365 and Google Workspace. The company’s intuitive platform is gaining rapid adoption across industries and geographies, reflecting increasing concern over AI-driven cybersecurity threats and the imperative to secure communication channels effectively.

This funding marks a major milestone for Trustifi as it continues to strengthen its market position and expand its product offering.

About Trustifi

Trustifi is a cybersecurity leader specializing in email security, including encryption, data loss prevention, and advanced threat protection. Trustifi’s solutions simplify email security with automated compliance and comprehensive data protection, enabling businesses of all sizes to safeguard sensitive communications effectively. For more information, visit trustifi.com.

About Camber Partners

Camber Partners is a New York City-based growth equity firm that partners with growth-stage B2B SaaS companies to provide flexible capital and dedicated go-to-market and data science resources that drive long-term sustainable growth. To do this, the Camber team brings to its portfolio companies deep operational expertise across sales, marketing, growth, and product development. Learn more at camber.io.

Contacts
Camber Partners
[email protected] 

SOURCE Trustifi

Latest fundraise supports TAE’s efforts to deliver world’s first commercial fusion power; Google continues more than 10-year research and funding partnership with TAE

FOOTHILL RANCH, Calif., June 2, 2025 — TAE Technologies (“TAE”), the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors.

TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

Earlier this year, TAE announced a major milestone that fundamentally advances the performance, practicality and reactor-readiness of its proprietary fusion technology. The company’s “Norm” breakthrough – achieving stable plasma at over 70 million °C in a simplified fusion device – was made possible in part through TAE’s more than decade-long collaboration with Google.

Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Google’s deep integration into TAE’s engineering teams helped the company unlock a practical path to economic fusion and was instrumental in enabling the Norm breakthrough that now paves the way for TAE’s next milestone: validating net energy capability in its Copernicus reactor. Google’s renewed commitment to TAE follows a thorough technical and commercial evaluation of TAE’s distinctive fusion approach. Read more from Ross Koningstein, Founder, Google’s Nuclear Energy R&D group, on the Google Blog. 

Binderbauer continued: “We’re delighted to continue our relationship with Google, who have not only provided funding to TAE but collaborated closely in research and development over many years. With this latest fundraise, we look forward to accelerating our efforts to deliver commercial fusion power.”

TAE’s fusion systems can provide on-demand, carbon-free, utility-scale power that is also inherently safe. With no risk of meltdown or long-lived radioactive waste, a TAE fusion power plant can be safely placed wherever power is needed. This creates unparalleled flexibility for siting, whether near highly populated areas, remote locations or large-scale data centers.

TAE has been granted more than 1,500 patents worldwide and has successfully constructed five generations of prototypes. Notably, the last four prototypes are comparable in size to traditional natural gas combustion turbines, with two more currently under development.

Additional Information About TAE Technologies

TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Notable company and scientific milestones include:

• Raised and deployed $1.2 billion through 11 prior fundraises. Investors include Google, Chevron, Sumitomo Corporation of Americas, NEA, Wellcome Trust, and the visionary family offices of Addison Fischer, the Samberg Family, Charles Schwab, and others.
• Built five increasingly powerful and productive demonstration units to National Laboratory scale.
• Partnered closely with Google for more than a decade. Among their various achievements together, the companies have co-developed the Optometrist Algorithm, a plasma optimization tool that has helped accelerate TAE’s scientific progress.
• Announced in April 2025 the invention of a streamlined approach to form and optimize plasma that increases efficiency, significantly reduces complexity and cost, and accelerates the company’s path to net energy and commercial fusion power.
• Advanced construction on its sixth demonstration unit, Copernicus, which is on track to achieve a net energy milestone before the end of the decade.
• Delivered a roadmap for its first prototype power plant, Da Vinci, which will be operational in the early 2030s and will deliver TAE’s first commercial fusion power.

Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown.

In TAE’s future fusion power plant, hydrogen and boron atoms will fuse into three helium atoms inside of a stable, superhot plasma to produce an even more energetic light than the sun – all with no long-lived radioactive waste. When the heat generated by that light warms the walls of the fusion machine, a network of pipes will spring into action to cool the interior walls by collecting that heat into a fluid and ushering it to a steam generator. The steam spins a turbine that then drives an electric generator, similar to what happens in operating power plants today. TAE’s unique fusion core supplies a superior and environmentally benign heat source for future power plants.

The essential requirement for capturing net energy across all approaches to fusion is high-quality plasma confinement. TAE has developed a proprietary approach called an advanced beam-driven Field-Reversed Configuration (FRC), which solves the challenge of confinement both from a cost and performance perspective. TAE’s approach is the first known design in the world to form an FRC plasma using only neutral particle beams. 

TAE’s FRC-based fusion approach is built to integrate with today’s grid infrastructure and engineered for cost-effective construction and operation. Unlike other fusion approaches, it has the advantage of being modular, allowing quick and scalable deployment with a much smaller footprint than traditional fusion systems but at similar power outputs. TAE’s systems are designed for sustained performance, efficient maintenance and reliable stability, meaning they are adaptable for a wide range of geographies and energy demands.

Contact: Abbey Goodman, 949-830-2117, [email protected]

About TAE Technologies 

TAE Technologies was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company’s pioneering work represents the fastest, most practical and economically competitive solution to bring abundant clean energy to the grid. With over 1,500 granted patents worldwide, more than $1.3 billion in private capital, five generations of National Laboratory-scale devices built along with two more in development, TAE is now on the cusp of delivering this transformational energy source capable of sustaining the planet for thousands of years. The company’s revolutionary technologies have produced a robust portfolio of commercial innovations in adjacent markets such as power management, energy storage, electric mobility, fast charging, life sciences and more. TAE is based in California, and maintains international offices in the UK, EU and Switzerland. Multidisciplinary and mission-driven by nature, TAE is leveraging proprietary science and engineering to create a bright future.

SOURCE TAE Technologies