SAN FRANCISCO, July 15, 2025 — Tavrn, an AI-driven legal tech platform, announced today the successful close of a $15 million Series A funding round led by Left Lane Capital. Existing investors A*, Hummingbird Ventures, and Box Group also participated in the round, bringing the company’s total funding to $21.6 million.

Founded by Pedro Paulino (CEO) and Vitor Vavolizza (CTO), Tavrn was built to tackle one of the biggest hidden costs for law firms: the countless hours paralegals and attorneys spend manually reviewing medical records, drafting demand letters, and managing client intake. Tavrn uses AI agents to automate the entire workflow, helping firms cut costs, speed up case preparation, and focus on what matters most – winning cases and serving clients.

“Tavrn is committed to becoming the leading AI services company for law firms,” said Pedro Paulino, Tavrn’s CEO. “We’ve proven that automation can radically reduce both the time and cost associated with preparing critical legal documents. This funding will enable us to expand our product suite, accelerate our go-to-market strategy, and establish Tavrn as the must-have platform for modern law practices.”

While many legal tech startups rely on outsourced labor behind the scenes, Tavrn offers a fully autonomous product purpose-built for high-volume personal injury law practices. Most of these firms operate on contingency fees rather than billable hours, meaning speed, throughput, and efficiency directly impact revenue. By automating manual, tedious work, Tavrn helps firms take on more cases with greater accuracy, boosting both capacity and profitability. Demand letters, one of the most time-consuming parts of personal injury case prep, are now fully handled by Tavrn’s AI agents. This reduces the time it takes to prepare each case and drives down costs. The platform also supports other pre-litigation workflows such as client intake, medical record retrieval, and medical chronologies.

Since 2024, nearly $3 billion in venture capital has flowed into legal technology startups, with the majority focused on AI-native solutions. Yet while many entrants promise full-scale automation, few companies have delivered products that truly replace, not just augment, manual work. Tavrn’s team spent nearly a full year working directly with paralegals and attorneys at contingency-fee law firms, shadowing every step of case preparation from intake to settlement. That close collaboration led to a fully automated product tailored to high-volume, documentation-heavy firms—and has driven rapid adoption, sticky usage, and strong word-of-mouth growth. Tavrn stands out in a crowded market for its speed, execution, and product fidelity.

“Tavrn is quietly driving a major workflow shift in a traditionally conservative industry by delivering software that quickly proves its ROI and gives paralegals and attorneys meaningful leverage,” said Matthew Miller, Partner at Left Lane Capital. “Contingency fee-based law firms have a natural economic incentive to operate more efficiently, and Pedro and his team have built a fully autonomous product that allows law firms to process more cases with higher chances for successful outcomes. We are thrilled to partner with the Company as it continues to redefine tedious workflows for legal professionals.”

The funding follows strong traction across the US personal injury market and rising customer demand. Tavrn plans to use the capital to expand its product suite, further build its go-to-market team, and cement its position as the de facto AI platform for high-volume, small law firms. As firms increasingly look for ways to scale without compromising quality, Tavrn is emerging as the trusted partner for automating what is routine—so lawyers can focus on what is strategic.

About Tavrn

Tavrn is an AI technology company based in San Francisco, CA, dedicated to transforming law firms by automating manual and costly workflows. Tavrn’s flagship solution—including AI-driven medical chronologies, demand letters, and medical record retrieval services—empower personal injury law firms to improve operational efficiency and outcomes for their clients.

For more information, visit https://www.tavrn.ai/

About Left Lane Capital
Founded in 2019, Left Lane Capital is a New York and London-based venture capital and growth equity firm investing in high-growth internet and consumer technology businesses globally. Left Lane’s mission is to partner with extraordinary entrepreneurs who create category-defining companies across growth sectors of the economy. Select investments include Bilt Rewards, Steno, Olipop, Talkiatry, Wayflyer, Revv, Fetcherr, Blank Street, Kittl, and more.

For more information, visit www.leftlane.com

SOURCE Tavrn

Cloud-native spatial platform eliminates GIS bottlenecks, reduces deployment time by 75% with AI-powered tools

OAKLAND, Calif., July 15, 2025 — Felt, the leading cloud-native Geographic Information Systems (GIS) platform, today announced it has raised a $15 million funding round led by Energize Capital, with participation from BCV and Footwork. The funding will accelerate Felt’s mission to transform the enterprise GIS experience by injecting artificial intelligence throughout common GIS workflows, ultimately cutting deployment times by 75% and delivering the custom spatial tools modern teams need to achieve their goals.

Today, most critical industries rely on mapping technologies for operations and decision-making, driving what is now a $9.8 billion GIS market. Yet despite this growing demand, accessing and leveraging spatial data remains a challenge. Because traditional GIS platforms demand specialized expertise, business teams are often forced to route mapping and data requests through technical departments, slowing workflows and diminishing the utility of valuable geospatial insights. Felt eliminates this bottleneck by making it simple to connect any cloud source and build high-performance, user-friendly tools that empower teams across the organization.

“We’ve spent the past three years working closely with global enterprises to understand how spatial data can better empower entire organizational workflows—not just GIS teams,” said Sam Hashemi, CEO and Co-founder of Felt and former CEO of Remix (acquired for $100M in 2021). “Despite major investments in cloud infrastructure, spatial data remains underutilized. Felt changes that by combining the power of cloud-native tools with generative AI, making spatial insights faster to access, easier to scale, and more impactful across every business unit.”

Felt’s customer base includes prominent organizations such as MSCI, Arevon, Cambridge Systematics, INTENT, and the County of Santa Barbara Department of Public Works, demonstrating the platform’s versatility across industries and use cases. Their customers are tackling some of today’s most pressing challenges – from delivering renewable energy to mitigating mounting risks posed by climate change.

Felt’s Enterprise GIS platform is also accelerating critical government initiatives while reducing costs substantially. Northern Arizona University delivered cutting-edge fire prevention tool to Arizona Department of Forestry and Fire Management in a fraction of the time and budget initially allocated to the task:

“We needed a tool to share real-time spatial data with dozens of Arizona’s Department of Forestry and Fire Management foresters across the state,” said Alexander Shenkin, Director of the Ecosystem Science and Innovation Lab at NAU. “Our initial estimate was a year of development work and $250,000 in consulting fees. With Felt, our team built the EcoMonitor in just a few weeks, delivering critical forest health and fire-prevention data to the hands of our foresters a year early.”

Despite big investments in cloud data warehouses, spatial data access continues to be a bottleneck that constrains decision-making velocity. Felt AI transforms this dynamic by making it faster to get spatial solutions into the hands of the key business units who need them.

“Our team has done extensive research on the GIS market – and we have found that legacy tools have not kept up with the needs of the modern enterprise, which hemorrhage money on services as a result,” said Juan Muldoon, partner at Energize Capital. “Felt’s customers are delighted by the platform performance and intuitive design that makes it easy for anyone on the team to adopt. Their traction is undeniable, and with AI, they are about to transform the GIS experience even further.”

Felt plans to use this new capital infusion to expand its team and product offerings, including Felt AI development and data analysis tools. To learn more, visit Felt.com.

About Felt

Felt the first cloud-native GIS platform that transforms how modern organizations work with spatial data. Founded in 2021 and headquartered in Oakland, California, Felt combines intuitive design with powerful AI capabilities to deliver unmatched performance, making it simple for any team to build and deploy sophisticated spatial tools.

For more information, visit Felt.com.

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:

Rachel Zack, [email protected]

SOURCE Felt

Built by industry veterans, Covenant is redefining the legal industry by building the first AI-powered law firm targeting private market investors

NEW YORK, July 15, 2025 — Covenant, an AI law firm built for private market investors, today announced a $4 million Seed funding led by Flybridge Capital Partners, with participation from Neil Barsky, a former hedge fund manager.

By integrating advanced AI and legal advice, Covenant is able to increase deal velocity and unlock data insights with the same high-quality results as traditional law firms at a fraction of the cost. Since its pioneering launch in January 2024, top-tier endowments, foundations, fund of funds, sovereign wealth funds and other allocators have trusted Covenant as the only AI solution that can meet all of a client’s demanding accuracy, timing and security standards.

Covenant uses multiple foundational models to eliminate dependence on a single model and provide clients with the benefits of the latest AI developments quickly and effortlessly. AI-powered results undergo human verification, allowing clients the ability to harness the power of this technology with full confidence. Covenant upholds the highest standards of privacy and security with its SOC 2 Type II certification, ensuring responsible AI use through strict data protections – no training on client data, zero data retention, and anonymization of sensitive information.

“At Covenant, our goal is to empower private market investors to be radically smarter,” said Jen Berrent, CEO and co-founder of Covenant and former WeWork COO and Chief Legal Officer. “We built a legal solution from the ground up. We have combined the capabilities of AI – moving faster, saving costs and simplifying complexity – with the skill of lawyers – deep industry knowledge, unparalleled attention to detail and clear judgment. This funding will enable us to deliver on our vision to modernize legal systems for the private markets.”

Covenant’s limited partnership agreement (LPA) review tool delivers a robust summary within two business days, outpacing any other alternative. Today, Covenant is also announcing the launch of the first AI-powered Most Favored Nation (MFN) election tool designed for limited partners. With Covenant, the time it takes for clients to analyze hundreds of pages is reduced from hours to minutes. Over the past several months, Covenant has launched several other tools that are purpose-built for private market investors, including fund manager due diligence and NDA first-draft mark-ups.

“Covenant is redefining legal infrastructure for institutional capital,” said Jesse Middleton, General Partner at Flybridge Capital Partners. “As LPs face increasing complexity and compliance burden across their portfolios, the legal tech company is offering a unique AI solution that will fundamentally reshape how private market investors operate. I had the chance to work with Jen Berrent during the early days of WeWork Labs, where her legal expertise and commitment to founders stood out. That same clarity of vision is what makes Covenant such a powerful force for change in this industry.”

About Covenant
Covenant is the only AI law firm targeting private market investors. Built by curious lawyers and seasoned technologists, Covenant is reimagining the experience of legal work. With Covenant, clients dramatically reduce fees, increase transaction velocity, and unlock data insights across the investment lifecycle. Covenant’s client roster includes leading endowments, foundations, sovereign wealth funds and other global institutional investors. Headquartered in New York, Covenant is led by Jen Berrent (former COO and CLO of WeWork) and Richard Perris (former General Counsel of CVC). The company is backed by Flybridge Capital Partners.

SOURCE Covenant

Backed by Insight Partners, Heron automates document-heavy workflows in insurance, lending, and finance — bringing reliable AI to businesses and allowing humans to focus on complex tasks

NEW YORK, July 15, 2025 — Heron, a startup using AI to automate workflows in business lending, equipment finance, and insurance, has raised $16 million in Series A funding led by global software investor Insight Partners, with participation from existing investors Y-Combinator, BoxGroup and Flex Capital. The Series A will support Heron’s next phase of expansion, helping the company scale its AI-driven solutions to more segments.

While many AI startups target developers or other technologists, Heron is at the frontier of deploying AI into real-life business operations in traditional industries like lending, banking, and insurance. Heron’s mission is to free up humans to focus on judgment-based work and complex edge cases while software handles the repetitive, monotonous work. Heron focuses on serving companies without large engineering departments, enabling more businesses to reap the rewards of the rapid advances in AI.

Heron’s system can automate time-consuming manual workflows end-to-end, completing tasks automatically or flagging edge cases for human review. That reliability has led many customers to fully offload entire processes to Heron — freeing up their teams to focus on critical work.

For example, SMB lenders employ teams of underwriting analysts that spend hours on repetitive intake work — scanning email inboxes for submissions, downloading and renaming files, checking packet completeness, manually entering data into CRMs, and running basic eligibility checks. Using Heron, these hours of work can be accomplished in seconds, and with higher accuracy, full auditability, and no manual overhead.

This focus on reliability and solving problems end-to-end has attracted more than 150+ customers to Heron, including insurance carriers and FDIC-insured banks, and enabled the company to process over 350,000 documents per week. One lender cut submission-to-decision time by 60%, while an insurer used Heron to automate over 80% of its inbound submission triage.

“Anyone who tells you they use AI to automate work with 100% accuracy is probably lying to you. Instead of chasing accuracy, we focus on clearly understanding where our software is successful and where humans still need to review. This allows customers to use Heron in situations where millions of dollars are at stake and reap the rewards of the AI revolution in a reliable fashion that drives business outcomes,” said Johannes Jaeckle, co-founder and CEO of Heron.

Founded in 2020 by Dom Kwok, Jamie Parker, and Johannes Jaeckle, Heron launched out of Y-Combinator’s Summer 2020 batch, initially building products for financial services companies with earlier generations of AI in the pre-ChatGPT era. The company eventually landed on a core insight: traditional industries weren’t waiting for flashy new tools — they were drowning in unstructured data, and paying millions of dollars a year to deal with it. In 2023, as LLMs matured, Heron pivoted to focus on AI document workflow automation. With minimal outside capital, the team tripled annualized revenue in 2024 and has continued to expand its presence in insurance and specialty finance this year.

“Heron’s AI models with vertical specific context automate the end-to-end data processing workflow, enabling automation and driving competitive differentiation in industries where speed to decisioning is of the essence,” said Philine Huizing, Managing Director at Insight Partners. “Heron’s founding team—Johannes, Jamie, and Dom—are an experienced trio that has proven their ability to adapt and execute. We’re thrilled to partner with them and the entire Heron team as they continue to scale up.”

The new capital will be used to scale Heron’s presence in insurance, equipment finance and SMB lending, while expanding into adjacent verticals that have shown demand for Heron’s solution. The company plans to grow its engineering and go-to-market teams in New York and London, and continues to invest in internal AI Tooling to enable a small team to serve more and more customers.

“We’ve proven we can win in one segment,” said Jaeckle. “Now we’re going workflow by workflow, industry by industry — giving people hours back in their day by eliminating time-intensive manual work.”

About Heron

Heron automates document-based workflows across industries like lending, insurance, and equipment finance. By turning unstructured documents into structured, actionable data, Heron helps companies process information faster, more accurately, and with less manual effort. Heron is based in New York and London, with the team bringing a wealth of experience from top-tier tech companies including Facebook, Spotify, N26, Revolut and Taptap Send.

Learn more at herondata.io

About Insight Partners

Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2024, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.

SOURCE Heron

A new class of AI-native infrastructure is setting the benchmark for how contractors compete in the new federal economy

SAN FRANCISCO, July 15, 2025 — Vultron, the creator of the Agentic Operating System transforming federal growth, announced today that it has raised a total of $22 million, including its latest Series A funding round. The round was led by Raycroft with participation from Craft Ventures, Long Journey, South Park Commons and strategic angel investors. Craft Ventures, co-founded by White House AI adviser David Sacks, backed the round, signaling investor confidence that Vultrons is the category-defining system for AI-driven federal growth. This funding will accelerate Vultron’s mission to transform enterprise federal growth and elevate the workforce.

“This raise reinforces Vultron’s position as a key partner for contractors navigating a rapidly evolving federal landscape,” said Mac Liu, CEO of Vultron. “Demand for our product has never been stronger, and with this new capital, we’re ready to support our customers even more deeply and effectively.”

Vultron’s Agentic OS is purpose-built for the demands of a shifting federal procurement landscape where speed, strategic precision and alignment with national priorities like digital modernization, AI-readiness and resilience determine who wins. The platform has attracted a significant number of multibillion-dollar Fortune 500 enterprises and leading federal contractors across defense, aerospace, technology and other mission-focused organizations. Customers report reducing proposal timelines from weeks to days, tripling pipeline coverage, and unlocking substantial workforce leverage—one Fortune 500 enterprise now saves more than 20 hours per user each week on capture and proposal execution.

“Working with Vultron is like doubling our team overnight,” said Director of Capture and Proposal at a top defense contractor, Rachel Wyatt. “We have increased productivity by more than 30% without expanding headcount.”

“Vultron is redefining the future of work for government contractors and commercial organizations in mission-critical industries,” said Bryan Subijano, investor at Greycroft. “Vultron infuses AI and federal contracting expertise into an intelligent, best-in-class platform, enabling companies to centralize data, create organizational intelligence and leverage AI to develop higher quality proposals faster. Customers across Fortune 500 and SMB organizations achieve tremendous results that transform their business. We are excited to partner with Mac Liu and the entire Vultron team.”

The investment will expand Vultron’s research team and accelerate its go-to-market strategy, enabling the company to meet the demand for their Agentic OS and advancing the future of work, where AI doesn’t just automate tasks but transforms how federal teams operate, grow and scale.

About Vultron
Vultron is the Agentic Operating System for federal growth, setting a new benchmark for how contractors pursue, develop and win work. By combining AI-native infrastructure with modular workflows and embedded strategic guidance, Vultron enables business development and proposal teams to operate with greater speed, clarity, and precision. Headquartered in San Francisco and backed by top-tier investors including Greycroft, Craft Ventures, Long Journey and South Park Commons, Vultron is redefining how federal contractors compete in a rapidly evolving federal landscape. For more information, visit vultron.ai.

Media Contact:
Vultron Media Team
4236055553
[email protected]

SOURCE Vultron

BOULDER, Colo., July 15, 2025 — Today, Bifrost Electronics, a Colorado-based quantum startup, announced it has raised $2.5 million in seed funding to accelerate development of its next-generation quantum amplifiers. Led by Colorado’s Caruso Ventures, investors include Harlow Capital and others.

Founded by alumni of the Colorado School of Mines and William & Mary University in Virginia, Bifrost has developed a new class of magnetically insensitive, scalable, electro-optic quantum amplifiers. Traditional quantum readout devices are notoriously complex, difficult to use, and failure-prone; Bifrost offers an elegant, functional alternative.

The company has pioneered the application of cutting-edge materials science to totally reimagine quantum amplification, optimizing systems for real-world reliability and scaled integration.

Bifrost tech supports a wide range of qubit platforms, ranging from superconducting qubits to spin qubits to other experimental modalities. Across applicable platforms, Bifrost delivers improvements including footprint, reliability, noise performance, and cost.

“Quantum is complicated – its readout devices shouldn’t add complexity for the researchers. By building readout chains that work straight out of the box, Bifrost is helping establish the United States as the undisputed leader in both quantum and its fundamental support infrastructure,” said Zenith Tillemann-Dick, Co-Founder and CEO of Bifrost Electronics. “We’re done accepting fragile hardware as a fact of quantum science. Bifrost is engineering systems that scale quickly, integrate cleanly, and effectively serve real customers by solving real problems.”

“Unlocking quantum advantage will require bold engineering and new infrastructure built for scale,” said Dan Caruso, Managing Director of Caruso Ventures. “Bifrost is pushing the envelope on what quantum hardware can do, tackling one of the toughest technical bottlenecks with urgency and clarity. This is the kind of foundational innovation that moves entire industries forward. We’re proud to back Bifrost and invest in the systems that will make quantum computing real.” Bifrost is the fifth Colorado-based quantum investment by Caruso Ventures.

Bifrost’s approach blends world-class physics and engineering with tailored system integration, ensuring that every amplifier is designed for optimal performance beyond the fabrication lab. Balancing ambition with pragmatism, Bifrost develops state-of-the-art systems designed to ship, integrate seamlessly into existing stacks, and perform reliably – even in the most extreme conditions.

Bifrost is the only U.S.-based commercial producer of quantum-limited readout components. The company will be headquartered at the Elevate Quantum campus outside Boulder, Colorado – joining a growing ecosystem of innovators working to establish Colorado as a national hub for quantum technology.

“The Bifrost leadership team’s commitment to building scalable, reliable, U.S.-made readout solutions underpins a critical part of the value chain in quantum and our nation’s quantum epicenter in the Mountain West,” said Zachary Yerushalmi, CEO of Elevate Quantum. “On behalf of the entire Elevate Quantum community, I’m proud to support Bifrost on this next phase of growth, and look forward to working alongside the team at our new Quantum Commons campus.”

Bifrost is actively collaborating with U.S. industry leaders like Form Factor, Rigetti Computing, and Maybell Quantum Industries to tailor systems for commercial deployments. This funding round will support team expansion, scaled manufacturing, and continued partnerships with key ecosystem stakeholders.

About Bifrost Electronics
Bifrost Electronics is a Colorado-based company with U.S. manufacturing, building next-generation quantum readout hardware. Bifrost is the only U.S. commercial producer of quantum-limited amplifiers, and the world’s only producer of scalable, magnetically insensitive electro-optic amplifiers. The company is addressing one of the toughest bottlenecks in quantum systems with a novel architecture that avoids the limitations of classical solutions through advanced materials science and precision engineering.

Bifrost primarily supports superconducting and spin qubits, with potential applicability to other experimental modalities. Headquartered on the Elevate Quantum campus in Arvada, Bifrost is part of a growing national effort to strengthen domestic leadership in quantum infrastructure and advanced microelectronics.

SOURCE Bifrost Electronics

Venrock leads financing round to accelerate Collate’s AI-first mission for enterprises through the open source community

MENLO PARK, Calif., July 15, 2025 — Collate, the creator of OpenMetadata, the leading open source project for data intelligence, today announced it has raised $10M in Series A funding led by Venrock. Additional investors include Unusual Ventures and Karman Ventures.

This funding comes as Collate gains significant traction enabling customers like Mango, fundcraft, and Decisiv to easily find, understand, and govern the data they need to increase data team productivity and innovate faster for their customers. This has resulted in Collate’s ARR growing more than 350% YoY.

“What makes Collate unique is its ability to solve the last-mile data challenges for modern data teams,” said Ganesh Srinivasan, Venrock partner and former Chief Product Officer of Confluent, who will be joining Collate’s board of directors as part of the investment. “Collate Co-Founders Suresh Srinivas and Sriharsha Chintalapani have an incredible track record of identifying and building disruptive products that are ahead of the market, and we couldn’t be more excited to lead this Series A round to support them in their AI-led innovation.”

Solving the problems of modern data teams

Despite massive investments in data platforms, businesses of all sizes are struggling to realize the full value of data and AI. The proliferation of data and tools has created silos and fragmentation, as businesses struggle to address key issues:

• Disconnect between business and technical teams when working with data
• Lack of trust in data throughout the company due to quality issues
• Manual, fragmented tooling adding friction and slowing productivity

Collate’s agentic data intelligence platform automates tasks and drives collaboration for data teams. It completes the virtuous cycle with AI built for data teams, enabling them to deliver the data needed for AI-readiness. Collate’s orchestrated suite of agentic workflows and human workspaces creates a unified solution built on the open source core of the fastest growing project in the space, OpenMetadata. OpenMetadata was recently recognized with a $10,000 grant from Bloomberg’s FOSS (Free and Open Source Software) Contributor Fund for its rapid growth and importance to the OSS community, and provides the open foundation for Collate’s expansion.

“Collate has been a game changer for strengthening our data culture,” said Victor Martin, CTO of fundcraft. “The biggest impact we’ve seen is accelerated development speed and improved cycle times, since our teams can now focus quickly on what matters most. We’ve already achieved significant business outcomes, and we expect even more as we continue to extend our data strategy with Collate.”

A forward vision from veteran data leaders

Srinivas and Chintalapani bring more than four decades of experience and helped create industry-standard tools like Apache Hadoop, Apache Kafka, and Uber DataBook, and were the founders of Hortonworks. Their vision for Collate is to deliver AI-powered data discovery, observability, and governance. The platform is built on a Unified Knowledge Graph, democratized user experience, and open source technologies, giving modern data teams the tools they need to manage data in the AI era.

“Collate’s Series A couldn’t come at a more critical time,” said Suresh Srinivas, CEO of Collate. “We’re in the midst of an AI race — not just for getting data ready for AI, but for how AI itself helps prepare that data. The winners will be organizations with highly functioning data teams augmented by AI. Our agentic approach is uniquely powered by richer metadata context from our knowledge graph and open source core. This is changing the game for our enterprise customers by solving the last mile of data challenges, helping them innovate faster with AI and data.”

Investing in growth and innovation

Collate will deploy the new capital across different growth areas, including:

• Accelerating the OpenMetadata community,  the fastest growing open source metadata project, with more than 9,800 members and 3,000% growth.
• Expanding engineering investment in AI agent development
• Scaling go-to-market operations for enterprise and cloud-native organizations
• Enhancing customer success services for Fortune 500 customers

For more information, visit getcollate.io and open-metadata.org

About Collate
Collate transforms how data teams work, with its AI-powered platform for agentic data intelligence. We are the company behind OpenMetadata, the fastest growing open source projects for unified data discovery, observability, and governance. Data teams at Fortune Global 500 companies and innovative startups rely on Collate to work faster and more efficiently to unlock the value of their data assets.

SOURCE Collate

TEMPE, Ariz., July 15, 2025 — GT Medical Technologies, Inc., a medical device company dedicated to improving the lives of patients with brain tumors, today announced the company has completed the close of its oversubscribed $53 million Series D equity financing.

The final close of the Series D comprised an additional $16 million from new investors including FemHealth Ventures, Warren Point Capital, an undisclosed strategic investor, and increased commitments from all existing institutional investors. Earlier this year, GT Medical Technologies announced the completion of a $37 million first close of the Series D equity financing led by Evidity Health Capital, alongside new investor Accelmed Partners and existing investors MVM Partners, Gilde Healthcare, and Medtech Venture Partners.

“Increasing the size of the Series D allows us to stay focused on driving results for patients into the foreseeable future,” said Per Langoe, Chief Executive Officer at GT Medical Technologies. “We are thankful for our investors’ continued support as we expand our commercial footprint and clinical initiatives for GammaTile®.”

The company will use the funds to drive the expansion of its U.S. commercial activities for GammaTile. In addition, the financial resources will enable GT Medical Technologies to complete enrollment of its ROADS randomized controlled trial for newly diagnosed brain metastases and will fund an additional randomized control trial of GammaTile in newly diagnosed glioblastoma cases.

“FemHealth Ventures is excited to join GT Medical Technologies as an investor and support the commercial acceleration of GammaTile Therapy,” stated Maneesha Ghiya, Managing Partner at FemHealth Ventures. “We are proud to back a company that is transforming the standard of care in oncology and shares our commitment to improving health outcomes, including meaningful applications in women’s health.”

GammaTile is an innovative form of radiation therapy placed at the time of brain tumor removal surgery, delivering immediate, targeted radiation to the tumor site when cancer cells are at their lowest levels. Unlike conventional approaches, which often require a delay between surgery and radiation therapy to allow for wound healing, GammaTile eliminates this treatment gap. By delivering immediate, localized radiation directly at the tumor site, it is designed to maximize the treatment’s effectiveness against remaining cancer cells to reduce the risk of regrowth.¹

“The completion of an oversubscribed Series D equity financing from premier medical device investors is a testament to the important work of our team and mission,” added James Leech, Chief Financial & Strategy Officer of GT Medical Technologies.

Recent GT Medical Technologies Milestones

GT Medical Technologies recently celebrated important milestones, reflecting the growing adoption of GammaTile. To date, more than 1,900 patients have been treated with GammaTile Therapy, and over 800 patients have been enrolled in GammaTile clinical studies.

Looking Ahead

GT Medical Technologies anticipates completing enrollment in both the ROADS and GESTALT studies in Q3 2025.

About GT Medical Technologies, Inc.

GT Medical Technologies was founded by a dedicated team of brain tumor specialists to address unmet needs in brain tumor treatment. The company is committed to improving the lives of patients with brain tumors through innovative solutions that elevate the standard of care.

About GammaTile

GammaTile is an FDA-cleared, bioabsorbable collagen implant embedded with radiation seeds, designed for patients with operable brain tumors. By delivering radiation directly from within—placed into the surgical cavity at the time of tumor removal—GammaTile provides immediate, localized treatment. This approach targets remaining cancer cells when they are at their lowest levels to help prevent regrowth while minimizing radiation exposure to healthy brain tissue.

Since its full market launch in the United States in March 2020, GammaTile has been adopted by more than 100 leading centers, underscoring its growing acceptance in both academic and community healthcare settings. For more information, visit gammatile.com and follow @GammaTile on Facebook, Instagram, LinkedIn and X. 

Media Contacts
Dawn Fallon
New Dawn Communications LLC
[email protected]
732-771-7808

References

1. Garcia MA et al. J Neurooncol. 166:203-212 (2024).

SOURCE GT Medical Technologies

 TVM Capital Healthcare’s oversubscribed fundraise for Baraya Extended Care addresses critical gaps in long-term care, supporting Saudi Arabia’s Vision 2030 healthcare goals.

DUBAI, UAE and  RIYADH, Saudi Arabia, July 15, 2025 — TVM Capital Healthcare announces the closing of a Series B fundraising, surpassing its target and bringing the total capital raised to USD 124 million for Baraya Extended Care [“Baraya”], a leading provider of long-term care and rehabilitation services in Saudi Arabia.

This fundraise comes at a critical moment, as Saudi Arabia faces a rapidly aging population, rising incidences of chronic conditions, and increased demand for specialized post-acute care driven by the Kingdom’s ambitious Vision 2030 and Health Sector Transformation Program. According to the Saudi Ministry of Health, 14% of acute care beds in public hospitals are occupied by long-stay (long-term care) patients. This figure is even higher in some regions, such as Jeddah (19%) and Riyadh (17%).

The capital provided by the TVM Healthcare Afiyah Fund and co-investors, including Olayan Financing Company, Saudi Economic and Development Holding Company (SEDCO), ANB Capital, and SVC, among others, will enable Baraya to expand its network of high-quality inpatient facilities and outpatient rehabilitation clinics, directly addressing the Kingdom’s urgent need for dedicated extended care services.

Launched in 2023 by TVM Capital Healthcare, Baraya Extended Care has opened two outpatient rehabilitation clinics in Riyadh and Jeddah, with the combined capacity of 9,000+ sessions per month and is planning to admit patients in its first 216-bed long-term care and rehabilitation hospital by the beginning of 2026.

This investment builds on TVM Capital Healthcare’s proven track record in developing and scaling post-acute care providers across the Middle East. Previous investments in the sector included ProVita International Medical Center and Cambridge Medical & Rehabilitation Center (CMRC). In its prior extended care investments, the firm helped establish regulatory frameworks with healthcare authorities, developed specialized operations management and workforce pipelines, and integrated international best practices and accreditations — all of which position Baraya for accelerated growth.

“Our mission is to provide a comprehensive range of extended care and rehabilitation services, addressing a critical need in the Kingdom,” said Jad Halaby, Chief Executive Officer of Baraya Extended Care. “With TVM Capital Healthcare’s support and expertise in this healthcare vertical, we are uniquely positioned to combine international standards with local expertise, improving outcomes and quality of life for patients and families across Saudi Arabia.”

Dr. Helmut Schuehsler, Chairman and CEO of TVM Capital Healthcare, responded, “We’re proud to report on this significant financing round for Baraya Extended Care, backed by major Saudi institutions and families. Since 2010, TVM Capital Healthcare has been the only international healthcare private equity firm with a sustained presence and proven track record of building, scaling, and exiting high-quality healthcare businesses in the Kingdom. Our success with ProVita and CMRC helped shape Saudi Arabia’s extended care sector, and Baraya marks the next chapter—advancing Vision 2030 through innovative, integrated care models.”

Orhan Osmansoy, Managing Partner at TVM Capital Healthcare and deal lead at the firm, added: “We are grateful to our co-investors and syndicate partners for their strong participation in this oversubscribed round and their shared commitment to solving some of the Kingdom’s most pressing healthcare challenges. With a scalable platform and plans to increase capacity to approximately 650 beds in the coming years, Baraya is well-positioned to become a leader in extended care services.”

The investment will support Baraya’s ambitious growth plans, including the development of major inpatient facilities and outpatient clinics across the Kingdom in a hub-and- spoke model. The company is creating a scalable blueprint for long-term and post-acute care that will not only transform care delivery in Saudi Arabia but also holds strong potential for replication in other markets facing similar demographic and healthcare challenges, including Southeast Asia.

For more information about Baraya Extended Care, visit baraya.com.sa.
For more information about TVM Capital Healthcare, visit tvmcapitalhealthcare.com.

Media Contact:
Holly Radel
TVM Capital Healthcare
[email protected]

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SOURCE TVM Capital Healthcare