DUBAI, UAE, June 23, 2025 — Ajna Capital, a leading early-stage Web3 venture fund, today announced that it has taken a strategic stake in HONEY, the native token of Hivemapper, the world’s first decentralized mapping network. Ajna Capital will work closely with Hivemapper, accelerating its mission to democratize map-building, rewarding global contributors, and unlocking new geospatial use cases.

Hivemapper’s platform radically transforms how maps are created and maintained, moving from centralized mapping monopolies to a community-first model. Contributors capture 4K street-level imagery using dashcams, earning HONEY tokens for building an ever-expanding, real-time global map. The result is fresher coverage, cost efficiency, and open data utility for industries ranging from logistics to urban planning.

Hivemapper has raised over $21 million in funding to date, with backing from top-tier investors such as Van Eck, Multicoin Capital, GV (Google Ventures), Spark Capital, and Solana Ventures. The project has consistently attracted institutional investors and thought leaders in the DePIN and Web3 ecosystems. Ajna Capital has acquired approximately 1.5% of the total circulating supply of HONEY and will work closely in an advisory role, helping the project expand its reach and impact in South Asia, especially India.

“Hivemapper is building a decentralized, contributor-owned map of the world. Ajna’s strategic stake gives us the ability to tap deeper into regional insights, talent, and partnerships across South Asia as we scale our contributor base and coverage” said Ariel Seidman, CEO of Hivemapper. “Decentralized mapping is a powerful example of token incentives unlocking real-world impact,” said Gourish Singla, Founding Managing Partner of Ajna Capital. “We’re thrilled to back Ariel and his team as they lead the next wave of geospatial innovation.”

For more information, users can visit hivemapper.com.

About Hivemapper

Hivemapper is the world’s first decentralized mapping network that rewards community contributors with HONEY tokens for collecting and uploading 4K street-level imagery. Built on Solana, the platform empowers a global network to create dynamic, ever-updating maps for logistical, commercial, and civic applications.

About Ajna Capital

Ajna Capital is a Web3-native early-stage venture fund backing bold founders and real-world blockchain applications, offering capital, strategic guidance, and access to a deep network of partners and institutional investors.

Contact
Ajna Capital
[email protected] 

Photo: https://mma.prnewswire.com/media/2716536/Ajna_Capital_Hivemapper_Network.jpg

SOURCE Ajna Capital

Ex-Rally & Kabam Founders Tackle Inflation and Low Rates, Bringing High-Yield DeFi Savings to Everyone Through a Secure, Non-Custodial Platform

WASHINGTON, June 20, 2025 — YieldClub today unveiled its mobile app designed to make high-yield crypto savings simple and accessible, announcing an upcoming public launch alongside a $2.5 million pre-seed funding round. Aiming to bridge the gap between traditional finance and the high-return potential of decentralized finance (DeFi), YieldClub provides an intuitive platform where users can easily earn up to 12% Annual Percentage Yield (APY) on stablecoins, significantly outpacing traditional savings accounts.

The funding round was backed by prominent fintech and crypto investors including Pharsalus, Flex Capital, The House Fund, and Superlayer, with strategic angel investments from proven tech leaders like Kevin Chou (Founder, Kabam), Sam Shank (Founder, HotelTonight), Charlie Songhurst (Former Head of Strategy, Microsoft; Investor), and early Solana contributors.

YieldClub was founded by CEO Mahesh Vellanki and CTO Michael Li, veterans of successful consumer tech companies Rally (creator economy) and Kabam (mobile gaming unicorn, ~$1B exit). Their mission is to demystify DeFi and package its benefits into a consumer-friendly savings product. YieldClub achieves this through a sleek app interface, seamless social login onboarding, and regionally optimized methods for converting cash to stablecoins. Crucially, YieldClub operates on a non-custodial model, meaning users always retain full control over their funds.

“DeFi offers yields far outpacing traditional savings, but accessing them has been unnecessarily complex – often challenging even for crypto insiders,” said Mahesh Vellanki, CEO of YieldClub. “YieldClub changes that. We’ve distilled sophisticated DeFi yield strategies, the kind often used by ‘smart money,’ into an incredibly simple and secure mobile app. Anyone can now tap into significant yield potential in just a few clicks. We essentially built the straightforward, high-performance savings tool we wished existed for everyone, including ourselves.”

YieldClub enters the market at a time when consumers are actively seeking alternatives to low-interest savings options. The platform leverages mature, audited DeFi protocols like Morpho (a top lending protocol) to generate yield on stablecoins (digital assets pegged to currencies like the US Dollar). This offers users exposure to potentially higher returns without the volatility often associated with other cryptocurrencies. The approach is particularly relevant in international markets like Brazil, where stablecoin adoption is growing rapidly.

“YieldClub has cracked the code on making DeFi truly consumer-friendly,” said Auren Hoffman, General Partner of Flex Capital. “Mahesh, Michael, and the team have a rare combination of deep crypto understanding and a proven ability to build engaging products that scale to millions. They are perfectly positioned to bring the benefits of DeFi yield to the mainstream.”

The $2.5 million pre-seed funding will fuel the app’s public launch, expand its range of yield-generating options, enhance partnerships for easy cash-to-crypto conversion, and grow the engineering and product teams. Future plans include launching a debit card allowing users to spend their stablecoin balances while still earning yield, and exploring tokenized stock offerings for international users – all while maintaining the non-custodial promise.

“Think Robinhood, but for DeFi products,” added Vellanki. “We’re applying that same focus on user experience and accessibility to unlock a powerful financial tool previously reserved for crypto experts. We’re putting institutional-grade yield generation into everyone’s pocket.”

YieldClub is available now for preorder on the Apple App Store, with its full public launch set for Monday, June 23, 2025, on both Apple and Android devices.

About YieldClub

YieldClub is simplifying decentralized finance (DeFi) for everyone. Founded in 2025 by consumer tech veterans from Rally and Kabam, YieldClub offers an intuitive mobile app that allows users to easily and securely earn high yields on crypto savings, without needing prior expertise or giving up control of their funds. Their mission is to make the powerful benefits of DeFi accessible to a global audience.

Contact

CEO
Justin Mauldin
Salient PR
[email protected]
7372340936

Photo – https://mma.prnewswire.com/media/2715749/YieldClub.jpg

SOURCE YieldClub

Series A fuels launch of Profound Lite and cements Profound as the leading marketing platform
to help brands navigate an AI-first, zero-click internet

NEW YORK, June 19, 2025 — Profound, the platform relied on by marketers to understand and control how they show up in AI responses, today announces a $20 million Series A round led by Kleiner Perkins with participation from NVentures (NVIDIA’s venture capital arm), Khosla Ventures, Saga VC, South Park Commons and SV Angel.

Notable angels joining the round include Guillermo Rauch (Founder, Vercel), Andrew Karam (Co-founder, Applovin), Jordan Singer (CEO, Mainframe), Jordi Hays (TBPN), David Senra (Founders Podcast) and Kevin Wang (CPO, Braze). The funding accelerates Profound’s mission to build a platform to enable marketers to navigate the new “agentic” internet.

AI search has Gone Mainstream, Brands are Flying Blind

ChatGPT recently crossed one billion weekly active users, and more than 60 percent of consumers now start product research with an AI assistant instead of a traditional search engine. Yet most companies have zero insight into what those assistants say about their brand and no idea how to control it.

“In a zero-click world, the conversation between consumers and an AI agent is the new first impression,” said James Cadwallader, Co-founder and CEO of Profound. “Profound shows marketers exactly how chatbots describe their products and gives them the levers to shape that narrative. AI Visibility will become a boardroom level priority for all brands by 2026.”

The Profound Platform—Purpose-built for AI visibility

Features and benefits of Profound multi-product platform include:

• Answer Engine Insights: Shows how chatbots describe your brand, products, and industry
• Agent Analytics: Reveals how AI bots crawl and interpret your website
• Conversation Explorer: Surfaces emerging topics trending in AI search
• Agents: Uses the latest reasoning models to crunch the data and provides actionable insights for marketers

Profound processes more than 100 million AI search queries each month, supports customers in 18 countries and six languages, and already counts enterprises like Indeed, MongoDB, and Ramp among its users. Early adopters report a 25-40 percent lift in AI answer share-of-voice within 60 days.

Introducing Profound Lite—AI Visibility for all businesses

Alongside the funding, Profound is launching Profound Lite, a self-serve plan priced at $499 per month that brings leading AI visibility tooling to startups and small businesses.

“Over the past six months AI Visibility has shifted from a Fortune 500 concern to a must-have for every brand, big or small,” said Cadwallader. “Profound Lite puts that power in the hands of startups and lean teams, letting them see and shape how AI agents talk about them. By 2026 AI Visibility will be the most important category of marketing – and Profound will be the platform that helps brands win.”

Investor perspective

The new capital will expand Profound’s engineering and data-science teams in New York, deepen coverage across emerging AI platforms, and accelerate product innovation aimed at the coming “agentic” internet where websites are built for agentic and human use.

“Profound is the clear leader in a category that will define modern marketing,” said Ilya Fushman, Partner at Kleiner Perkins. “As the web shifts from pages to AI answers, Profound provides the infrastructure every company will need.”

About Profound

Profound is the AI visibility platform that helps brands understand, improve, and measure how they appear in AI-powered search results. Built by alumni of AMD, Microsoft, Datadog, Uber, Bridgewater, and OpenAI, Profound equips marketers to win in a future where AI agents, not blue links, drive discovery. Learn more at www.tryprofound.com

SOURCE Profound

Strategic partnership focused on fiat capital formation, with intent to extend into the Bitcoin ecosystem

BOSTON, June 19, 2025 — Timestamp Financial, a regulated investment platform for startup investing, today announced a strategic partnership with BitGo, the leading infrastructure provider of digital asset solutions, through which BitGo will serve as Timestamp’s official custodian and escrow partner.

Timestamp’s integration of BitGo’s custody and escrow solutions is the first step towards their forward-looking strategy for startup capital formation. Soon after the initial phase of this integration, founders and investors will be able to participate in regulated investment offerings using bitcoin without compromising on security, trust, or regulatory integrity. The partnership marks a tangible step towards the responsible financialization of bitcoin.

“Partnering with BitGo sets the stage for the development of capital formation infrastructure aligned with the Bitcoin standard.” said Arman Meguerian, Founder and CEO of Timestamp. “Our mission is to give founders and investors a secure, compliant, and accessible path to raise and deploy capital in a rapidly evolving financial landscape. That requires regulatory clarity and institutional-grade systems, which BitGo delivers at the highest level.”

“We’re proud to partner with Timestamp to bring secure, regulated infrastructure to the frontier of startup investing,” said Mike Belshe, Co-founder and CEO of BitGo. “This collaboration represents a powerful step forward in aligning capital formation with the principles of sound money and digital asset security. Through the integration of BitGo’s institutional-grade custody and escrow services with Timestamp’s innovative platform, we aim to establish the financial infrastructure that will underpin a Bitcoin-native future.”

In the next phase of this partnership, Timestamp and BitGo plan to lay the groundwork for a new era of capital formation—one that is bitcoin-native, regulation-ready, and designed for a world operating on the bitcoin standard.

About Timestamp

Timestamp is a regulated investment platform purpose-built for the Bitcoin economy. Registered with the SEC and a member of FINRA, Timestamp enables founders to raise capital through compliant community rounds while giving investors access to early-stage startups. With low investment minimums and institutional-grade infrastructure, Timestamp makes it simple, secure, and accessible to participate in the next generation of capital formation built for a world on the Bitcoin standard.

About BitGo

BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry’s top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit www.bitgo.com.

Media Contacts:

Timestamp Financial 
[email protected]
[email protected]

SOURCE Timestamp Financial

Sifflet, the AI-native data observability platform, has raised $18M in funding as a result of its strong momentum. Enterprises across Europe and North America are turning to Sifflet to tackle data quality, reliability and health to make GenAI a reality within their firms.

NEW YORK, June 19, 2025 — Sifflet, a leading data observability platform, has raised $18M USD in funding from existing shareholders EQT Ventures and Mangrove Capital Partners, with Capmont Technology joining as a new investor. As enterprises strengthen their competitive edge through Data & AI, Sifflet is here to ensure reliability of the data that fuels these initiatives at scale.

Founded in 2021, Sifflet has established itself as a leader in the space since the official product launch in 2023, with a strong and differentiated approach to Data Observability that leverages both technical and business context in monitoring. This new  investment will supercharge the company’s growth, allowing it to focus on expanding its North American presence to meet surging demand and accelerate product innovation.

Over the course of the past year, the company has tripled its customer base and its revenue. In 2024, an impressive roster of customers signed with Sifflet, including St-Gobain, Penguin Random House and Euronext, alongside many others.

Sifflet’s particular success can be attributed to its unique stance in the market: tackling data quality, reliability and health as both an engineering and a business problem.

Chief Data Office of Penguin RandomHouse, Pete Williams, adds “Sifflet has become an essential part of how we ensure data reliability across the business, not just within engineering. What sets them apart is their ability to combine technical depth with real-world usability. Their AI-native approach doesn’t just detect issues, it gives our team the context to act faster and smarter. That’s game-changing at our scale.”

This growing traction underscores a broader industry shift: data observability is no longer a niche concern, but a foundational capability for AI-driven enterprises.

“At Sifflet, we’ve always believed that data quality is both a technical and organizational challenge – and the market is now confirming that belief. With this new capital, we’re doubling down on product innovation, AI-native capabilities, and North American expansion to help enterprises unlock trusted, actionable data at scale,” states Salma Bakouk, co-founder and CEO of Sifflet.

This vision, and the execution behind it, has earned the continued confidence of Sifflet’s investors.

“Backing a company once is a bet. Backing a company three times is conviction. What Sifflet has accomplished in the past year — tripling their customer base and revenue — is extraordinary. The team is not just creating a new product but defining a new standard for how data-driven companies operate” says Yannick Oswald from Mangrove Capital Partners.

To support this next phase of growth, Sifflet has welcomed two seasoned industry leaders: Rémi Bastien (ex-Content Square) joins to scale global operations and Romain Doutriaux (ex-Pigment) will lead pipe gen efforts. Together, they’ll help accelerate Sifflet’s go-to-market strategy and deepen its impact across enterprise data teams.

“We invest in category-defining companies built on clarity of vision and execution.” explained Torsten Kreindl, founding partner at Capmont Technology “Sifflet stood out immediately: a sharp team solving a complex, enterprise-critical problem with both speed and precision. As AI adoption accelerates, the need for trusted, usable data becomes non-negotiable. We’re excited to support Sifflet as they scale this capability globally.”

EQT Ventures partner Carl Svantesson adds “We’ve seen Sifflet grow from a compelling vision into a platform that’s setting a new standard in data observability. The team’s ability to pair deep technical innovation with commercial traction—especially as they expand into North America—is impressive. We’re proud to continue supporting them in this next chapter.”

With continued investment, a strengthened leadership team, and growing global demand, Sifflet is poised to deliver its most ambitious product milestone yet: the rollout of its data observability agents, coming this fall.

About Sifflet

Sifflet is a leading data observability platform that delivers data trust at scale for analytics and AI initiatives by bridging the gap between technical and business users. Global customers like the Penguin Random House, Carrefour, Auchan, CMA-CGM and Adaptavist rely on Sifflet to reach and maintain high levels of data quality and reliability needed for business critical analytics and AI.  Sifflet is a best-in-class data observability solution for the entire organization, ranked Best estimated ROI and Fastest implementation by G2 users. Learn more about what’s keeping you from analytics & AI-ready data at siffletdata.com.

Contact: Romain Doutriaux, Head of Marketing, [email protected] 

Logo: https://mma.prnewswire.com/media/2545859/5378449/Sifflet_SAS_Logo.jpg

SOURCE Sifflet

Funding Builds on $3.7 Billion Raised in 2024; Credit Markets Validate Brightspeed Strategy Amid Strong Execution

CHARLOTTE, N.C., June 19, 2025 — Brightspeed, the nation’s third-largest fiber broadband builder, today announced it has priced an offering of $575 million in capital to accelerate its ongoing fiber network expansion. This new funding is incremental to the $3.7 billion raised in 2024 and will support Brightspeed’s continued investment to build high-speed fiber internet to over five million homes and businesses across the company’s 20-state footprint.

As one of the fastest growing fiber broadband builders, Brightspeed has already passed more than 2 million premises with fiber and expects to pass approximately 1 million additional homes in 2025 alone, maintaining one of the fastest build paces in the country.

“This new capital allows us to continue our aggressive fiber build strategy, bringing high-speed connectivity to communities that have historically lacked quality broadband options,” said Michel Combes, Executive Chairman and CEO of Brightspeed. “We’ve made tremendous progress, and this new funding underscores the credit market’s belief in our strategy and reaffirms the strength of our execution.”

The additional capital reflects robust support from investors and affirms their confidence in the Brightspeed thesis: a large, underpenetrated footprint, a focused and proven build engine, and a long runway for value creation through fiber expansion.

“Our focus remains clear — to build fiber quickly and efficiently, bringing future-proof fiber connectivity to as many homes and businesses in our footprint as possible,” added Combes. “We are delivering results at scale and remain committed to maintain our strong build momentum.”

Brightspeed’s state-of-the-art fiber network leverages XGS-PON technology to deliver symmetrical multi-gig speeds. Its service is available across more than 530 communities and growing. The company is one of the most active and well-capitalized fiber builders in the country today.

In addition to private funding, Brightspeed has secured more than $295 million in public broadband grants and subsidies to date, further supporting build-out in unserved and underserved areas. Brightspeed continues to aggressively pursue additional subsidy opportunities to further extend its fiber reach and maximize impact in underserved areas.

For more information, visit www.brightspeed.com.

About Brightspeed

Headquartered in Charlotte, N.C. and with assets and associated operations in 20 states, Brightspeed provides broadband and telecommunications services through a network platform capable of serving more than 7.3 million homes and businesses. Our 4,000 employees are committed to building a future where more communities benefit from a more connected life, deploying a state-of-the-art fiber network and a customer experience that makes being connected as simple as it should be. For more information, please visit www.brightspeed.com.

SOURCE Brightspeed

CALGARY, AB, June 19, 2025 – Tailwind Ventures is pleased to announce that their Calgary-based client Modular Solutions (“Modular” or the “Company”) has successfully closed a financing round from a strategic industry partner and a syndicate of private investors, facilitated by Tailwind Ventures. Modular Solutions, a leading provider of configurable insurance software, will use the funding to optimize and streamline client onboarding and implementation, advance platform enhancements, and invest in artificial intelligence to deliver even greater value to customers across the insurance industry.

Modular Solutions provides next-gen insurance SaaS technology that enables providers to break free from archaic, siloed legacy software, enabling improved operational efficiency, financial performance, and customer experience. Modular’s platform is purpose-built to empower insurers and brokers with technology that is responsive to a competitive industry, transforming workflows and automating critical and time-consuming operations.

“This capital raise marks a pivotal moment for Modular,” said Braden Bosch, Founder and CEO of Modular Solutions. “We have brought an innovative software solution to the market, and with this investment, we can ensure low total cost of ownership and affordability while continuing to optimize and enhance our offering even further.”

“Tailwind is delighted to have supported Modular in securing this financing. Braden and the team at Modular are building transformative solutions for an industry in desperate need of innovation, and our capital partners share our conviction that Modular will deliver,” said Darren Engels, Tailwind Ventures CEO. 

Engels added “Tailwind is committed to its purpose of diligently preparing companies to scale and attract capital so they can create impact and value. Tailwind applies a proprietary, holistic and structured approach that we call diligent preparedness to build a better business. Better businesses go on to withstand the scrutiny of due diligence, secure capital, and generate returns for shareholders.”

Cody Church, Director of Clear North Capital, shared his enthusiasm regarding the investment, stating, “We were honoured to invest in Modular and are excited to watch the evolution of the Company. Braden was very strategic in his investment partners, all of which are local high net worth individuals and venture firms that bring a lot of strategic value to the business.” This network of investors not only reinforces the Company’s vision but ensures a collaborative approach to driving growth and innovation in the insurance industry.

Modular’s capital raise represented the fifth largest seed stage financing for Insurtech companies in North America, while also achieving the second highest pre-money valuation.¹ It is a credit to Braden Bosch and the Modular Solutions team for their dedication to being diligently prepared and to creating impact and value for their investors.

Bosch remains the majority shareholder of Modular Solutions and remains committed to the Company’s vision: enabling the best insurance experience in the world.

About Modular Solutions

Founded in 2015, Modular Solutions has been delivering innovative technology to the insurance industry. Their modular, fully integrated platform enables insurers, mutuals, MGAs and brokers with programs with the ability to manage their entire operations seamlessly through a single software solution. Designed to be affordable and configurable, their platform empowers businesses to innovate, adapt and thrive in an evolving and competitive market. Modular Solutions is based in Calgary, Canada.

For more information about Modular Solutions, visit gomodular.ca.

About Tailwind Ventures

Tailwind Ventures empowers early- and growth-stage companies to withstand the scrutiny of due diligence and secure capital. Tailwind’s diligent preparedness process enables ventures to build stronger businesses and improve the risk-reward relationship for ventures and investors. Tailwind Ventures has raised over C$370 million for clients since 2022. Tailwind is based in Calgary, Canada.

For more information about Tailwind Ventures, visit tailwindventures.co.

Forward-looking statements

Certain statements contained in this press release relate to future events, conditions, or outcomes with respect to Modular’s business, its customers, technology, and the broader tech industry. All statements other than statements of historical fact may be forward-looking statements and are often, but not always, identified using words such as “believes”, “seek”, “plan”, “expect” and similar expressions.

This press release is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation for any securities.

SOURCE Tailwind Ventures Inc.

PARIS, June 19, 2025 — Lockheed Martin Skunk Works^® (NYSE: LMT) and Electra.aero, Inc. (“Electra”) signed a Memorandum of Understanding to explore opportunities for Electra’s EL9 ultra-short takeoff and landing (Ultra-STOL) aircraft.

Lockheed Martin, a global defense technology company, will collaborate with Electra to explore ways to accelerate the development of the EL9 in areas including digital engineering, manufacturing, supply chain, sustainment, and global business development.

Additionally, the Skunk Works and Electra teams will assess opportunities for potential programs of record with the U.S. Department of Defense and global customers.

The Electra EL9 will transform commercial and military aviation for applications including last mile logistics, mobile power generation and emergency response. The Ultra-STOL EL9 can quietly take off and land in 150 feet and from unimproved surfaces, enabling operations in austere areas while retaining the safety, cost and range benefits of a fixed-wing aircraft. The EL9’s ability to carry 1,000 lbs. over 1,000 miles enables an array of novel use cases for commercial and defense users.

“Lockheed Martin’s breadth of manufacturing, supply chain and military customer expertise is the perfect complement to Electra’s EL9 commercialization strategy,” said Marc Allen, CEO of Electra. “This relationship will accelerate our speed to market to bring the EL9’s transformative capabilities to our military customers.”

“Electra has driven significant innovation in the hybrid-electric space, and we’re excited to collaborate with them to accelerate their development,” said OJ Sanchez, vice president and general manager at Lockheed Martin Skunk Works^®.

The agreement deepens the strategic relationship between Lockheed Martin and Electra. In 2022, Lockheed Martin Ventures signed a strategic cooperation agreement to invest in Electra’s Series A funding round.

About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security^® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at www.lockheedmartin.com.

About Electra
Electra.aero, Inc. (Electra) is an advanced aerospace company building hybrid-electric Ultra Short aircraft that achieve never-before performance advantages to fly people and cargo seamlessly without airports, emissions, or noise. With the Ultra Short, Electra is pioneering Direct Aviation, the next level of connectivity that brings air travel closer to where we live, work, and play. Electra’s Ultra Short technology delivers 2.5X the payload and 10X longer range with 70% lower operating costs than helicopters and eVTOLs with significantly greater safety and far less certification risk.

Electra’s team includes some of the most respected and successful entrepreneurs and engineers in novel aircraft design, with over 40 prior aircraft successfully developed and/or certified. Electra’s contracted customers include NASA, the U.S. Air Force, the U.S. Army, and the U.S. Navy, along with over 2,200 aircraft under Letters of Intent from 50+ commercial customers, including both airlines and helicopter operators.

Media Contact:
[email protected]

SOURCE Electra.aero

DURHAM, N.C., June 18, 2025 — RevelAi Health, a conversational artificial intelligence (AI) platform built for musculoskeletal care, has closed an oversubscribed $3.1 million seed round led by Ulu Ventures and Symphonic Capital, with participation from Orthopedic VC, Sand Hill Angels, and a consortium of nationally recognized orthopedic surgeons.

Musculoskeletal disorders now account for the largest share of U.S. health-care spending—exceeding $420 billion annually—while the country faces a projected shortage of up to 86,000 physicians by 2036. Meanwhile, the Centers for Medicare & Medicaid Services (CMS) is moving hospitals toward mandatory downside-risk bundles for joint replacement, fracture care, and other orthopedic episodes, aiming for universal value-based coverage by 2030.

“Musculoskeletal care is shifting from single-visit encounters to population-level accountability just as clinical teams are stretched thin,” said Christian Pean, MD, MS, orthopedic trauma surgeon, faculty member at the Duke-Margolis Institute for Health Policy, and Founder & Chief Executive Officer of RevelAi Health. “RevelAi gives organizations an AI-first operating layer that lets them succeed in that reality.”

RevelAi functions as a 24/7 virtual care navigator for orthopedic practices and care organizations: it answers calls with evidence-based triage, collects mandated quality reporting questionnaires by voice or text, and converts every phone, video, or in-person encounter into a structured note with clinical documentation codes and automated risk flags. Episode-wide workflows trigger Principal Care Management, Transitional Care Management, and preoperative optimization tasks that align each patient’s journey with CMS’s new Transforming Episode Accountability Model (TEAM) bundled payment model and other value-based initiatives—without extra staff clicks. All clinical content and decision logic are continuously refined by RevelAi’s advisory group of board-certified orthopedic surgeons, ensuring each recommendation remains guideline-concordant and purpose-built to accelerate value-based musculoskeletal care.

“RevelAi’s AI agents close care gaps, curb avoidable emergency department visits, and simplify quality reporting—without adding staff,” said Ronald Delanois, MD, Chairman of the Rubin Institute for Advanced Orthopedics at LifeBridge Health in Baltimore, Maryland.

From my perspective, conversational AI is essential for succeeding in value-based mandates like the Transforming Episode Accountability Model”, said Joseph Zuckerman, MD, Chair of Orthopedic Surgery at NYU Langone Health.

RevelAi means great musculoskeletal care can be paired with surgical excellence and robust social-care support. It can reduce readmissions, close care gaps for underserved patients, and deliver true population-level orthopedic health. “RevelAi has already automated thousands of care conversations,” said Clint Korver, Managing Director at Ulu Ventures. “They’re proving AI-powered orchestration can scale now, lightening clinicians’ workload and elevating the patient experience. We’re proud to back a team poised to become the essential AI backbone for modern health systems.”

“We’re building the AI console that turns every touchpoint into coordinated action,” added Hadi Javeed, Co-Founder and Chief Technology Officer.

The seed capital will deepen electronic health record and practice-management integrations, expand the company’s library of AI-collected outcome surveys and risk pathways, grow engineering and research teams, and accelerate collaborations with health systems, specialty societies, and ambulatory surgery center networks.

Media Contact: [email protected]

RevelAi Health provides conversational-AI care coordination for musculoskeletal health. Its platform unifies patient engagement, ambient documentation, social-care triage, and quality reporting, helping providers reduce readmissions, streamline care transitions, and excel under value-based payment models. Learn more at www.revelaihealth.com.

SOURCE RevelAi Health