Galaxy Ventures raises its inaugural venture fund with the support of a global base of limited partners to back early-stage startups building the onchain economy

NEW YORK, June 26, 2025 – Galaxy Asset Management, an affiliate of Galaxy Digital Inc. (NASDAQ: GLXY) (TSX: GLXY) and one of the world’s largest digital asset and blockchain investment managers, today announced the final close of its oversubscribed Galaxy Ventures Fund I, LP (“GVF I” or “the Fund”). Driven by strong investor demand for access to the growing digital asset venture ecosystem, the Fund closed with over $175 million in capital commitments, exceeding its target of $150 million.

The Fund is focused on investing in early-stage companies developing critical infrastructure and applications for the onchain economy. Its investment strategy spans the categories of financialized applications, blockchain protocols, and software infrastructure. The Fund specifically has and will continue to target investments in secular growth areas like stablecoins, payments, and tokenization, plus all the supporting infrastructure that makes such technologies viable.

This milestone marks a new chapter for Galaxy Ventures, which had previously invested from Galaxy’s balance sheet since 2018. Given Galaxy Ventures’ strong track record of supporting visionary founders at the earliest stages, GVF I attracted a diverse group of limited partners, including institutional investors, family offices, and strategic digital asset businesses. The portfolio already includes some of the most promising startups in the space such as 1Money, Arch Lending, Ethena, M^0, Monad, Plume, Rail, Rain, RedotPay, Ubyx, and Yellow Card, among others. Including historical balance sheet investments and the current GVF I portfolio, Galaxy Ventures has backed more than 120 companies to date.

“Galaxy Ventures closing its first fund above the target at a time when raising crypto venture is historically difficult showcases our team’s unique edge in the market,” said Mike Novogratz, Founder and Chief Executive Officer of Galaxy. “With deep roots in onchain markets and blockchain infrastructure, we’re committed to backing founders and startups building real-world use cases that are shaping the next chapter of crypto adoption.”

The Galaxy Ventures team is headed by Will Nuelle and Mike Giampapa. They are supported by a team of investors and a dedicated Ventures Platform function that directly supports portfolio companies with in-house company building resources and connectivity to Galaxy’s global business lines including blockchain infrastructure, lending, trading, and more. With a global team of more than 550 employees, Galaxy offers portfolio companies deep industry connectivity, insight, and access to growth opportunities that help portfolio companies navigate the rapidly shifting crypto landscape.

“Blockchain infrastructure is poised to revolutionize global financial markets. We’re seeing an acceleration of adoption from both institutions and retail users globally—especially around use cases like payments, capital markets, and financial services more broadly,” said Mike Giampapa. “By investing in the teams that are building these core technologies and supporting their growth directly, we have a front-row seat to the most novel concepts and products in crypto.”

About Galaxy
Galaxy (NASDAQ/TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, investment banking, asset management, staking, self-custody, and tokenization technology. In addition, we invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. The company is headquartered in New York City, with offices across North America, Europe, the Middle East and Asia. Additional information about Galaxy’s businesses and products is available on www.galaxy.com. 

Disclaimers and Additional Information
The TSX has not approved or disapproved of the information contained herein.

CAUTION ABOUT FORWARD-LOOKING STATEMENTS
This release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as “forward-looking statements”). These forward-looking statements relate to the Tokenization Wizard launch and opportunities. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “intends”, “anticipates” or “believes”, “seeks” or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. The forward-looking statements contained in this release are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. Forward-looking statements involve known and unknown risks uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. Inherent in forward-looking statements are risks, uncertainties and other factors beyond the Company’s ability to predict or control. The forward-looking statements are subject to the risks regarding the product and launch. Factors that could cause outcomes to differ materially from those described in such forward-looking statements include, but are not limited to global developments, a delay or failure in the ability to launch and changes in applicable law or regulation. Readers are cautioned that such risk factors, uncertainties and other factors are not exhaustive. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements in this release. The forward-looking statements in this release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement and the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable securities laws. Investors are cautioned that forward-looking statements are not guarantees of future performance and are inherently uncertain. Accordingly, investors are cautioned not to put undue reliance on forward-looking statements.

SOURCE Galaxy Digital Inc.

Tripling Growth Year-Over-Year, Certify Emerges as the Go-To Partner for Health Plans

NEW YORK, June 26, 2025 — Certify, the provider data intelligence company, today announced a $40 million Series B funding round led by Transformation Capital, with continued backing from General Catalyst and Upfront Ventures and new support from SemperVirens. The investment brings Certify’s total funding to $69 million and comes amid tremendous momentum for Certify, which has tripled its growth year-over-year.

“This funding is the latest marker in Certify’s dramatic growth trajectory,” said Anshul Rathi, Founder and CEO of Certify. “Provider data chaos remains one of the most overlooked drivers of cost, delay, and abrasion in healthcare today. Without addressing this foundational issue, patients won’t find needed care and provider burnout will reach a breaking point. We’re building what healthcare has always needed but never had – a single, intelligent source of truth for provider data that transforms fragmented, error-prone processes into a strategic asset.”

The company plans to use the funding to accelerate product, engineering and go-to-market efforts to meet growing market demand.

Reimagining Healthcare’s Provider Data Foundation
While Certify entered the market as a credentialing platform, the company today serves health plans and digital health companies with end-to-end provider data needs, including credentialing, licensing, monitoring, and roster management – all using a single provider data layer that’s AI-powered and grows stronger with each new participant.

“Certify’s health plan market penetration and powerful network effects set it apart in the healthcare data infrastructure space,” said Scott Rosen, Partner at Transformation Capital. “Their team is modernizing provider data administration by rearchitecting the foundational layer that healthcare runs on. The opportunity ahead — to unify, simplify, and scale provider operations across the industry — is massive.”

The company’s growth is fueled by its incredible client impact, which includes 40% reduction in administrative costs, 30% improvement in provider data accuracy, 99.8% field-level accuracy, and provider onboarding time cut from months to days.

Certify’s platform unifies provider data from thousands of primary sources — like state boards, certifying bodies, and national clearinghouses — through automated pipelines and partnerships. It layers in self-reported data from providers, and uses AI and machine learning to attribute every data point to a unique provider record. Behind the scenes, the platform cleans, standardizes, and normalizes the data, creating a real-time source of truth. Their API-first infrastructure enables source of truth data to be used by customers to automate processes like credentialing and to bring accurate provider data seamlessly into any downstream system — whether for claims or directories — exactly when it’s needed.

This level of automation and accuracy is increasingly critical as health plans are under pressure to meet rising regulatory demands, improve provider and member experiences, and reduce administrative waste — all while managing fragmented systems and outdated workflows. Manual data entry drives up to 50% of inaccuracies, and up to 30% of claims are delayed or denied due to provider data issues. In a system that depends on trust, speed, and interoperability, Certify is laying the foundation for the next generation of provider network operations.

About Certify
Certify is the architect of modern provider data infrastructure — combining best-in-class technology, best-in-class data, and deep domain expertise to transform how healthcare operates. Entering the market in 2021 as a credentialing platform, Certify now powers the full provider data lifecycle through a continuously updated source of truth powered by thousands of primary sources and available through one API. The provider data intelligence company is backed by esteemed investors including Transformation Capital, General Catalyst, Upfront Ventures, and SemperVirens. For more information, please visit us at certifyos.com.

Media Contact
Emily Hackel
[email protected] 

SOURCE Certify

DENVER, Colo., June 25, 2025 — Lux Aeterna, a next-generation space infrastructure company reinventing orbital operations through reentry and reusability, today emerged from stealth and announced its $4 million pre-seed funding round. The raise was led by Space Capital with participation from Dynamo Ventures, Mission One Capital, Alumni Ventures, Service Provider Capital, and strategic deep tech angels, including the co-founders of Dive Technologies (acquired by Anduril).

Lux Aeterna is developing the world’s first fully reusable satellite bus, engineered for high reliability and designed to meet emerging demands from the U.S. Department of Defense for responsive space capabilities. The company is building a future in which satellites aren’t single-use assets but dependable infrastructure that can be launched, returned, and redeployed like reusable rockets.

The company plans to embark on its pathfinder demonstration in early 2027, when it will launch

its first spacecraft, Delphi, via Exolaunch on a rideshare mission with SpaceX.Delphi will demonstrate an end-to-end mission by hosting an onboard payload, conducting on-orbit tests, then re-entering Earth’s atmosphere to be recovered and refurbished for another flight, making it the first satellite ever to fly twice.

Unlike traditional satellite buses that burn up after each mission, Lux Aeterna’s platform is fully reusable. This breakthrough not only lowers costs but also sets a new standard for resilience and sustainability in orbital operations. As part of this shift, Lux Aeterna is rolling out multiple business models to give customers a range of ways to access and operate satellites. Whether a mission lasts six months or five years, the cost can align with time on station, unlocking new operational and economic agility.

Lux Aeterna’s approach is grounded in the recognition that market demand for downmass and reusable satellite infrastructure is not just emerging, but here today. The company is actively collaborating with other industry leaders to co-develop a market-focused framework that prioritizes customer flexibility, mission diversity, and operational choice in this expanding sector.

“We’re taking the high-risk, high-cost nature out of space missions and replacing it with reliability, flexibility, and reusability,” said Brian Taylor, Founder and CEO of Lux Aeterna, a former engineering leader at SpaceX, Amazon Project Kuiper, and Loft Orbital. “This funding is the first milestone in our mission to industrialize space through reusable infrastructure. While the satellite industry has evolved rapidly, its core infrastructure is still designed to be disposable. Lux Aeterna is changing that fundamental approach from the ground up.”

“We backed Lux Aeterna because this team has been at the leading edge of satellite innovation for years—building some of the most advanced spacecraft at the most ambitious companies,” said Justus Kilian, Partner at Space Capital. “That experience gave them a rare vantage point to rethink how satellites are designed, deployed, and reused. They’re not just iterating—they’re stepping boldly into what’s next. With the DoD actively seeking more dynamic and recoverable space platforms, this capability is urgently needed.”

To learn more, visit www.luxaeterna.com.

About Lux Aeterna
Lux Aeterna is transforming orbital operations with the world’s first reusable satellite platform, engineered for high reliability, accurate reentry, and rapid redeployment. With a newly operational 6,000-square-foot engineering and integration facility in Denver, Colorado, serving as its hub for development and testing, Lux Aeterna supports defense, commercial, and space manufacturing customers through a flexible, fleet-based model built to scale with the future of launch.

SOURCE Lux Aeterna

Granite Asia invests in Centific’s $60M Series A, led by Midas List investor Jenny Lee, to fuel the company’s expansion as the independent AI data backbone for the next wave of global agentic AI systems.

SEATTLE, June 25, 2025 — Centific, the AI Data Foundry trusted by the world’s top model builders, AI labs, and enterprise innovators, today announced the close of its $60 million Series A funding round, led by long-time Midas Lister Jenny Lee of Granite Asia, an investment firm behind 56 unicorns and 31 IPOs globally.

Founded in 2020, Centific has operated behind the scenes to power many of the world’s most transformative AI breakthroughs. Today, the company equips innovators with the infrastructure, oversight and deep expertise required to develop and safely deploy foundational models, multimodal systems and next-generation agentic AI; intelligent platforms that perceive, reason and act at scale.

Centific is a recognized innovation partner to NVIDIA, selected for its leadership in real-world Vision and Language AI inferencing. The company was recently featured by Jensen Huang at both CES and GTC as a leading innovation partner, underscoring its role in helping scale AI from prototype to production.

“Enterprises globally are moving from AI experimentation to enterprise-wide deployment, but the journey requires scale, trust, and deep integration with legacy systems. Centific is built for this moment.” Said Jenny Lee, Senior Managing Partner at Granite Asia. “With its global delivery infrastructure, strong existing client base, and commitment to safe, responsible AI, it is uniquely positioned to become a foundational partner in the enterprise AI stack. At Granite Asia, we back the builders of enduring infrastructure for the future of industry, and Centific reflects that vision.”

Powering the Frontier of AI with safety, speed, and scale

As organizations move beyond model training into large-scale, real-world AI applications, Centific delivers the technical sophistication, governance frameworks, and expert oversight required to succeed.

“AI is evolving from isolated models to fully agentic systems that perceive, reason, and act at scale,” said Venkat Rangapuram, CEO of Centific. “Our full-stack Data Foundry meets this moment by combining deep domain expertise, human-in-the-loop assurance, and true multimodal orchestration—all delivered with unmatched speed and scale.”

A future-ready platform for real-world AI

Centific’s AI Data Foundry brings together a global network of experts across 1000’s of domains in STEM, vertical and professional, and consumer and lifestyle, human-in-the-loop assurance with built-in QA checkpoints and escalation paths to eliminate bias, hallucinations, and failures, true multimodal orchestration supporting complex prompts across text, image, video, audio, 3D, and spatial data, and unmatched speed and scalability to deploy, localize, and contextualize AI at the enterprise, citywide, and national levels.

Centific’s AI Data Foundry integrates every component organizations need to power safe, scalable agentic AI deployments:

• Infrastructure-Agnostic Deployment: Scale models seamlessly across cloud, core, edge, and far-edge environments to deliver truly transformational experiences
• High-Precision Model Training: Workflow-orchestrated datasets fine-tune LLMs and domain-specific agents with unparalleled accuracy
• Optimized AI Inferencing: Low-latency, high-assurance pipelines for perception-based Vision and Language AI in production
• Agentic AI Experiences: Digital twins, avatars, and multi-agent coordination that bring Physical AI to life
• Governance & Risk Mitigation: Human-in-the-loop validation, synthetic-data controls, and audit-ready compliance workflows integrated at every stage

Trusted by the Magnificent Seven, top model labs, and Fortune 500 organizations, Centific’s Data Foundry provides a secure, repeatable infrastructure that keeps pace with rapid innovation while minimizing operational and regulatory risk.

Deploying capital to drive next-gen AI innovation

With this foundation in place, Centific is channeling this new capital into four key areas:

• Expand Functionality & Capabilities: Enhance our platform to accelerate the journey from prototype to production; delivering resilient, agile systems finely tuned for real-world impact.
• Supercharge R&D Frontiers: Continue research and innovation programs fueling breakthroughs and pushing the frontiers of model architectures, Vision AI, and specialized AI; driving cutting-edge advancements.
• Scale the Enterprise AI Backbone: Cement Centific’s position as the foundational partner; powering mission-critical AI deployments at the speed of innovation.
• Amplify Strategic Ecosystem Alliances: Deepen collaborations with NVIDIA, Microsoft, AWS, Dell, Lenovo, and GPU-as-a-Service leaders; driving global adoption.

“This funding round isn’t about necessity, it’s about ambition. Having trained most the world’s leading AI models, our Zero Distance Innovation™ ethos now pivots to enterprise impact, unlocking industries’ ability to deploy safe, scalable AI at speed and scale.” said Venkat Rangapuram, CEO of Centific. “With significant interest from top-tier firms, we selected Granite Asia for their unrivaled track record in scaling early-stage tech innovators. Built profitably on a foundation of trust and global reach, this investment turbocharges our mission: to empower enterprises with AI systems that are resilient, agile, and meticulously fine-tuned.”

Looking ahead

As demand for sovereign, secure, and scalable agentic AI infrastructure surges, Centific is perfectly poised to lead the charge. The company envisions AI evolving into an unseen yet indispensable layer of everyday life. Fueled by this vision, Centific is building a unified ecosystem, bringing together world-class talent, robust platforms, and cutting-edge technology, to power the next generation of AI-driven innovation.

About Centific | www.centific.com

Centific powers the world’s most advanced AI. As the trusted data and infrastructure partner for thousands of production-grade systems, Centific empowers innovators to scale models and agents across the full lifecycle—faster, safer, and with expert oversight. From perception-based inferencing to HITL-evaluated datasets, Centific is the backbone for the future of AI.

Photo – https://mma.prnewswire.com/media/2718324/Centific_Series_A_Billboard.jpg
Logo – https://mma.prnewswire.com/media/2593262/centific_logo___black_text_Logo.jpg

NEW YORK, June 25, 2025 — Elfie, the free digital health super-app that rewards people for taking care of their health, today announced the closing of its $12m Series A funding round. The round was led by White Star Capital with participation from LifeX Ventures and follow-on support from Integra Partners, FEBE Ventures, and Hustle Fund.

Elfie is on a mission to make healthy living easier, and more rewarding, for the millions of people living with chronic conditions and for those who just want to monitor their health. By combining self-monitoring tools, AI-driven coaching, and real-world rewards, Elfie empowers users to stay on track with their treatment plans and build better health habits.

Non-communicable diseases account for over 70% of deaths globally, and 75% of healthcare spend in the US, creating urgency for scalable, patient-centric solutions that bridge gaps in traditional care models.

“It’s a privilege to lead a company with such meaningful social impact. Thanks to our strategic partnerships with the pharmaceutical industry, we’re able to offer the world’s most complete and engaging health app, for free. We believe the only scalable way to fight the global pandemic of non-communicable conditions is to make self-monitoring fun, rewarding, and accessible to all,” said Ofir Ejnes, CEO & co-founder of Elfie. “That’s our mission: to encourage everyone, everywhere, to take charge of their health. This funding round marks a significant milestone as we scale our impact through deeper collaborations with insurers and employers.“

Since its launch in 2021, Elfie has grown to over 700,000 users across four continents, helping individuals self-manage chronic illnesses like obesity, IBS, IBD, high blood pressure, high cholesterol, and diabetes. The app’s unique approach combining clinically validated interventions with gamification mechanics and behavioral science has driven 30%+ improvement in adherence for key pharmaceutical partners and measurable health improvements among users.

Users are rewarded for completing simple but critical actions such as monitoring health metrics like blood pressure or glucose levels, logging medication, and engaging with educational content. This continuous positive reinforcement encourages sustained participation and leads to better health outcomes over time.

Elfie’s rapid traction has already led to multimillion-dollar partnerships with global pharma leaders. These partnerships aim to improve treatment adherence for patients with chronic conditions, while generating real-world data to support market access and ongoing research. In parallel, Elfie is also piloting programs with global insurance carriers, aiming to reduce medical claim costs and loss ratios through better health awareness and medication adherence.

“Elfie is tapping into three enormous markets, pharma, insurance, and clinical research, at exactly the right time,” said Eric Martineau-Fortin, Managing Partner at White Star Capital. “They’ve built a scalable, data-driven platform that improves outcomes for patients while creating measurable ROI for partners. We’re thrilled to support their next phase of growth.”

With this fundraise, Elfie plans to accelerate user acquisition through new pharma and insurance partnerships, expand the team in the United States, adding talent in product, engineering, and go-to-market, and launch Elfie Research, a decentralized clinical trial platform to generate real-world evidence and support clinical innovation.

Elfie’s app is currently available across 35 countries, with plans to scale to 10 additional countries by the end of 2025. The app is medically approved across multiple regions and remains 100% free for users, with all revenue generated through enterprise partnerships.

About Elfie
Elfie is the super-app for better health. Free for all and backed by science, Elfie empowers people to take control of their chronic conditions through smart tracking, personalized coaching, and real rewards. Whether you’re managing hypertension, tracking medications, or just trying to build healthier habits, Elfie helps make it stick. It pays to get better.

Learn more at www.elfie.co

Media Contact
[email protected] 
www.elfie.co

SOURCE Elfie

Investment in data center power infrastructure solutions provider will accelerate innovative solutions for powering data centers in constrained markets.

TRAVERSE CITY, Mich. and BOSTON and BOCA RATON, Fla., June 25, 2025 — Takanock, LLC, a provider of innovative digital and power infrastructure solutions, announced today new capital commitments totaling $500 million from ArcLight and DigitalBridge, two leading investors focused on digital infrastructure and electrification infrastructure, respectively.

Takanock was formed in 2023 to address the power shortage limiting the development of data center sites in core markets. The company spent its inaugural year engineering a scalable, integrated approach to solving critical energy constraints faced by data centers.

Led by Kenneth Davies, founder of Google Energy and later head of Microsoft’s renewable strategy globally, Takanock leverages extensive experience in both energy and digital infrastructure. This expertise bridges the gap between the two sectors, delivering innovative solutions to meet the increasingly critical power challenges faced by today’s data-infrastructure sector.

“To meet the increasingly compute-intensive needs of hyperscalers and large-scale data center operators, it’s essential to combine expertise from both the energy and digital sectors,” said Kenneth Davies, founder and CEO, Takanock. “What makes this partnership so significant is our ability to deliver integrated solutions, accelerating time to power for new data center deployment while strengthening grid reserve margins and flexibility. ArcLight and DigitalBridge bring tangible operational capabilities and industry connectivity that will help us operationalize digital power solutions in premier Tier I data center markets where existing constraints are most acute.”

Takanock accelerates time to power by providing flexible on-site power solutions capable of serving as prime power until the completion of a substation and a wholesale grid resource thereafter. In doing so, Takanock eliminates the need for local utilities to build new offsite generation, reducing their burden and preventing the shifting of costs to existing utility customers—a challenge that has hindered industry growth. Unlike other generation solutions available in the market, Takanock sidesteps pipeline capacity constraints and the need for firm pipeline contracts, all while offering unparalleled resiliency during disruptions.

“Access to reliable power is the cornerstone for scaling the data center industry,” said Jon Mauck, Senior Managing Director and Head of Data Centers at DigitalBridge. “The Takanock team has a demonstrated ability to deliver innovative commercial structures that bridge the gap between the power and data infrastructure sectors, enabling scalable, long-term solutions for both power and land development.”

Takanock’s focus on sustainability is central to its business model. Takanock’s highly dispatchable power solution enhances the wherewithal of the grid to support greater integration of renewable energy sources and provides data center customers flexibility to procure their own energy resources.  The company also uses best available emission control technologies and closed-loop cooling systems, which minimize environmental impact and ensure minimal demand on local water resources.

“As the cost and availability of grid-served power grows increasingly uncertain, the data center industry needs new power-infrastructure solutions tailored to accelerate time to power and to deliver on the prerogatives of reliability, sustainability, and affordability,” said Jake Erhard, Partner at ArcLight. “In a complex market that needs actionable solutions, we see Takanock’s team and strategy as compelling and differentiated.”

Since the beginning of 2024, Takanock has assembled a strategic portfolio of sites across the U.S. The company is currently in the process of executing digital power deployment under long-term contracts at late-stage projects in Northern Virginia and Phoenix.

Houlihan Lokey, a global investment bank with expertise in capital solutions, served as exclusive financial advisor to Takanock during this transaction.

ABOUT TAKANOCK, LLC
Takanock is a leading provider of integrated power solutions for the digital infrastructure sector. Founded in 2023, the company is focused on addressing the critical energy constraints faced by data centers in Tier I and II markets. By leveraging innovative co-located generation, Takanock enhances grid stability, accelerates data center deployment, and supports the integration of renewable energy into the grid. The company’s turn-key solutions are designed to reduce reliance on traditional grid infrastructure, while simultaneously improving energy efficiency and minimizing environmental impact. Takanock’s experienced team combines deep expertise in renewable energy and digital infrastructure to deliver scalable, flexible solutions that help operators meet the growing demand for digital infrastructure in a sustainable way. For more information: www.takanock.com.

ABOUT ARCLIGHT
ArcLight is a leading infrastructure investor which has been investing in critical electrification infrastructure since its founding in 2001. ArcLight has owned, controlled or operated over ~65 GW of assets and 47,000 miles of electric and gas transmission and storage infrastructure representing $80 billion of enterprise value. ArcLight has a long and proven track record of value-added investing across its core investment sectors including power, hydro, solar, wind, battery storage, electric transmission and natural gas transmission and storage infrastructure to support the growing need for power, reliability, security, and sustainability. ArcLight’s team employs an operationally intensive investment approach that benefits from its dedicated in-house strategic, technical, operational, and commercial specialists, as well as the firm’s ~2,000-person asset management partner. For more information, please visit www.arclight.com. References to “ArcLight” herein refers to ArcLight Capital Partners, LLC and/or its managed investment vehicles, as the context requires.

ABOUT DIGITALBRIDGE
DigitalBridge (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of over 30 years investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages approximately $100 billion of infrastructure assets on behalf of its limited partners and shareholders. For more information, visit: www.digitalbridge.com.

SOURCE Takanock

SAN FRANCISCO, June 24, 2025 — BackOps AI, the AI operations platform revolutionizing supply chain workflows, today announced a $6 million seed round led by Construct Capital, with continued support from existing investors Gradient, and 10VC. This brings the company’s total funding to $8 million in under a year as it accelerates its mission to become the intelligent operating layer for modern logistics.

From routine order updates to complex, multi-system workflows like claims resolution and cross-platform coordination, BackOps AI automates the operational tasks that traditionally drain logistics teams of time and resources. By eliminating manual work and reducing error-prone processes, BackOps AI enables warehouse and supply chain operators to move faster, operate more efficiently, and stay focused on delivering for their customers.

“Logistics operations are the heartbeat of every product-driven business, yet they remain shockingly manual,” said Sean McCarthy, co-founder and CEO of BackOps AI. “We started BackOps AI to change that. For the first time, the decades-long integration problem in supply chain can be leapfrogged using tools as simple as email and Slack, to drive real automation without heavy IT lifts. With this new capital, we’re doubling down on product innovation and expanding Relay, our AI-powered automation platform, to reach even more customers.”

Relay was built to meet teams where they are. Companies can start with simple, high-volume tasks like order status updates or shipping method changes and gradually move more complex workflows, such as claims resolution or cross-system coordination, into automation. Because Relay integrates lightly with existing tools like ERPs, WMS platforms, and communication systems, there’s no need for a costly rip-and-replace. It slots into the infrastructure teams already use, making it easy to adopt and scale over time.

Upcoming product launches will expand Relay’s capabilities beyond reactive automation. New features will include predictive analytics to surface operational risks before they happen, proactive identification of repetitive workflows that can be automated, and deeper integrations across transportation and warehouse systems. These enhancements will help customers shift from manual task execution to intelligent, self-optimizing operations.

“BackOps has an incredibly clear vision and a team that understands the pain points of logistics from the inside out,” said Rachel Holt, Co-founder and General Partner at Construct Capital. “The opportunity to bring intelligent automation to such a massive and underserved industry is enormous and BackOps is already delivering tangible ROI to customers.”

BackOps AI is currently being adopted by forward-thinking operators across warehousing, industrials, and supply chain operations, with rapid growth fueled by strong customer referrals and clear ROI. As automation becomes mission-critical, BackOps is emerging as the trusted partner for teams looking to modernize how work gets done.

About BackOps AI

BackOps AI is building the AI-powered operating system for modern logistics. Founded in 2024 by Amazon and Apple alumni, the company helps supply chain teams eliminate manual workflows and operate at a new level of speed, accuracy, and intelligence. BackOps’ flagship product, Relay, automates customer service, order management, and system updates across WMS, ERP, CRM, and communication platforms unlocking the next era of operational excellence.

CONTACT: Sean McCarthy
EMAIL: [email protected]
628.244.3931

SOURCE BackOps AI

Founded in 2022 by education technology executive Chip Paucek and player development veteran Kaleb Thornhill, PAC is redefining what’s possible for athletes after their playing careers. Through executive education certificate programs with the University of Miami Patti and Allan Herbert Business School, PAC provides pro athletes with high-quality learning, hands-on industry experience, certified performance coaching, and access to a powerful network of pro athletes, Fortune 500 CEOs, investors, and advisors.

“The world can be incredibly harsh on pro athletes — holding them to the highest standards while playing, then leaving them without meaningful support, resources, or recognition for everything they’ve achieved and can still accomplish off the field,” said Chip Paucek, PAC Co-Founder and CEO. “With the support of GSV Ventures and our new partners, we can accelerate our mission and deliver for the thousands of elite men and women whose pursuit of excellence doesn’t stop once the game ends.”

PAC’s momentum is clear: Membership has doubled since January to over 650 current and former pro athletes across more than 10 professional sports and leagues, including roughly 10% of currently active professional football players in the U.S.

The Series A funding will fuel the launch of new virtual education programs, expanded mentorship, greater industry access, and enhanced career support—all centered on the unique needs of professional athletes.

“I was confident I would be OK when I retired. But when it happened, I struggled for months. My identity and my locker room were gone,” said Devin McCourty, PAC Advisory Board Co-Chair, pro football veteran, three-time Super Bowl champion, and athlete leadership advocate. “PAC recognizes the unique journey pro athletes go through and gives you education, exposure, community, and ongoing opportunities to figure out what’s next. PAC brought me back home—to that locker room feel and a community that pours into you and that you can then pour back into when you’re ready.”

“The pro athlete community is special and full of untapped potential,” said Michael Cohn, Co-founder and Partner at GSV Ventures. “It’s clear that the elite qualities that make pro athletes successful at their sport have generally not been supported when their playing days are over. PAC successfully created a safe space where athletes can get the education, coaching, and connections they need to thrive. What’s perhaps most exciting for us is to see the impact the PAC community can have not just for themselves but for society overall. This is just the beginning.”

About Pro Athlete Community (PAC)

Pro Athlete Community (PAC) supports and empowers professional athletes to relentlessly pursue what’s next. By providing exclusive access to education, mentorship, and a powerful peer network, PAC helps athletes build successful, purpose-driven lives after sports. Learn more at www.proathletecommunity.com. Follow us on Instagram at @proathletecommunity.

About GSV Ventures

GSV Ventures is a multi-stage venture capital firm focused on the $7+ trillion global education and workforce skills sector. The firm manages and is currently investing out of GSV Ventures Fund III, backing innovative entrepreneurs across the “Pre-K to Gray” Arc of Learning and Skills. GSV has made investments in industry leaders, including ClassDojo, Coursera, Degreed, Guild, Handshake, Lead, Mattilda, PhysicsWallah, Photomath, QuillBot, Quizizz, Toddle, MasterClass, and others. Learn more at GSV.Ventures.

Media Contact:

Megan Gift
[email protected]

SOURCE Pro Athlete Community

• Qunnect has deployed two metropolitan quantum networks to major cities;
• New funding will fuel development of turn-key variants of Qunnect’s quantum networking Carina product suite for new use cases with strategic industry partners across financial services, energy infrastructure, telecom, and defense sectors.

BROOKLYN, N.Y., June 24, 2025 — Qunnect, the first company to deploy quantum entanglement-based protocols over commercial fiber, today announces closing an oversubscribed Series A extended financing round of $10M led by Airbus Ventures, with additional participation from Cisco Investments and Quantonation, accelerating the company’s mission to revolutionize communications and networking.

Qunnect products, including its Carina product suite, support real-world deployment of scalable data networks based on quantum physics. These quantum networks hold the solution to a truly secure, exponentially more powerful network of computing power than currently leveraged today. Qunnect’s commercially available hardware are uniquely designed to operate at room temperature – rather than being limited to laboratory settings – allowing for wide-spread adoption by industry.

Qunnect is working with strategic industry partners to develop turnkey variants of its Carina product suite to enable demonstrations of the next generation of real-world industry use cases of quantum networks.

“This new round of investment was driven by the response we received from industry following the performance of Qunnect products deployed on city-scale quantum networking testbeds,” said Noel Goddard, CEO of Qunnect. “Because our quantum networking products have a standard server rack form factor and are designed to operate at room temperature, we are seeing customers innovate with our Carina product suite on existing telecommunications fiber, paving the way for further breakthroughs in security, sensing, and information transmission.”

Cisco joined the list of Qunnect investors this round through their corporate venture capital arm, Cisco Investments. Last month, Cisco Quantum Research announced their quantum network entanglement chip as part of their quantum data center vision and formally opened Cisco Quantum Labs in Santa Monica, California, positioning themselves as a key player in quantum networking infrastructure.

“Cisco is advancing the quantum technologies that will secure and define the quantum internet and data centers of the future,” said Aleem Rizvon, vice president, Cisco Investments. “Qunnect is placing quantum networking technologies into the hands of innovators today, poised to revolutionize security and communications.”

Since closing its initial Series A round, Qunnect has delivered its groundbreaking Carina quantum networking product suite to market with customers in the financial services, telecommunications, energy infrastructure, and defense/intelligence sectors. In addition, Qunnect’s solutions were deployed in two, first-of-their-kind, quantum testbed networks—one in New York City and another in Berlin in partnership with Deutsche Telekom’s T-Labs.

Advantages in utilizing quantum physics as the foundation for the future network lie in the high level of security it offers, higher processing power and enhanced sensing. Qunnect’s Carina product suite creates, buffers, and preserves high-quality entangled photons—the basis for quantum communications–at unprecedented rates, enabling breakthroughs in cybersecurity and distributed quantum computing and sensing. 

“Qunnect has successfully delivered on the foundational promise of quantum communication,” remarks Airbus Ventures Partner Nicole Conner. “We are thrilled to have Cisco Investments join alongside us, gaining their invaluable expertise as we support Qunnect’s acceleration of next-generation hardware tools that enable secure and reliable communication built on quantum entanglement communication protocols.”

“From day one, our mission was to invent and develop hardware that will become the infrastructure for the future quantum internet.” Said Mehdi Namazi, Chief Scientist and co-founder of Qunnect. “Now, after proving our unparallel quantum network capabilities in New York and Berlin, and thanks to partners like Cisco, we are pushing the industry towards the era of quantum network utility.”

To learn more about Qunnect, visit www.qunnect.inc. For interviews, please email [email protected].

About Qunnect

Qunnect builds deployable quantum networking infrastructure for provably secure, scalable connectivity over existing fiber optic cables. Based in Brooklyn Navy Yard, Qunnect commercialized the first room-temperature quantum memory in 2021. Our Carina suite — entanglement sources and stabilization tools — powers live quantum networks in NYC and Berlin, and supports use cases in finance, energy, telecom, and defense.

SOURCE Qunnect Inc.