Investment will drive continued product innovation, accelerate go-to-market and international expansion, and deepen integration across the financial services ecosystem from pre- through post-trade

HOBOKEN, N.J., July 31, 2025 — Saphyre, a leading AI-powered software platform for automating  finance operations and trading workflows, today announced it has closed a $70 million growth equity investment from FTV Capital, a sector-focused growth equity firm with a strong track record of investing in high-growth capital markets technology companies. The investment will enable Saphyre to accelerate go-to-market efforts in pre- and post-trade, support ongoing product innovation, expand its global footprint and deepen integration across the financial services ecosystem. 

“This investment marks a major milestone in Saphyre’s mission to revolutionize financial services workflows with our patented AI technology and exceptional commitment to our clients,” said Gabino Roche, Jr., CEO and founder of Saphyre. “FTV Capital stands out as a partner that not only understands the structural inefficiencies in this space, but also brings deep relationships across our core client base and a strong track record of scaling capital markets technology companies. It’s incredibly rewarding to see our team’s relentless innovation recognized by such a reputable investor, and we’re just getting started.”

Capital markets participants – spanning buy-side investment managers, asset owners, sell-side banks and asset servicers – have long relied on outdated, manual processes when exchanging and maintaining onboarding data with counterparties, creating massive inefficiencies at scale. At the same time, financial institutions face increasing pressure and expectations around speed, transparency and control, necessitating solutions that standardize and automate onboarding in order to improve the client experience and accelerate turnaround times.

Founded in 2017, Saphyre has built a proprietary, memory-driven technology platform that helps investment ecosystem participants onboard counterparties more efficiently. By intelligently digitizing and structuring pre-trade data while preserving context across fund lifecycles, the platform enables counterparties to achieve ready-to-trade status in as little as 24 hours, dramatically shortening fund launch times and eliminating up to 75 percent of redundant post-trade activities. By establishing a golden source of data in the pre-trade phase, Saphyre proactively prevents downstream issues and empowers institutions to settle trades in near real-time. Its solution enhances operational control, improves risk oversight and positions clients to navigate major regulatory changes such as the move to T+1 settlement.

“Despite the rapid pace of innovation in financial services, middle-office workflows continue to rely on outdated and fragmented processes,” said Mike Cichowski, partner at FTV Capital. “Saphyre has grown rapidly as a category leader in automating account and fund onboarding through its differentiated platform and cloud-native architecture, which enables seamless data sharing between investment managers, asset owners and the sell-side and benefits from a powerful network effect that strengthens with each new client. We’re excited to support Gabino and the Saphyre team as they scale and continue to unlock efficiencies through automation for their rapidly growing blue-chip client roster.”

Saphyre’s powerful interoperability network integrates with leading industry platforms and today serves over 75 of the world’s largest financial institutions, representing thousands of accounts and more than $3 trillion in assets under management.

“BNP Paribas remains a committed partner to Saphyre and supports the innovation the company is continuing to bring to the industry,” said Junaid Baig, head of strategic investments and co-head of strategy at BNP Paribas.

As part of this investment, Cichowski will join the Saphyre board of directors.

About Saphyre
Saphyre leverages AI technology to digitize all pre-trade data and activities across multiple counterparties: from asset owners to investment managers, hedge funds to prime brokers, client firms to broker-dealers and custodians, and much more. Saphyre’s platform maintains memory of data and documents, resulting in clients not having to search or resubmit information, and expedites flow in a digitally structured manner so that it can be consumed and understood by any permissioned counterparty in the finance industry. This allows firms not only to assess risk faster, but also to speed up their onboarding processes, get real-time ready-to-trade statuses per account, and eliminate up to 75% of redundant or inefficient post-trade activities.

About FTV Capital
FTV Capital is a sector-focused growth equity investment firm that has raised more than $10.2 billion to invest in innovative, high-growth companies across financial technology and services, vertical software, enterprise technology and services, and healthcare technology and services. Founded in 1998, FTV has developed a highly differentiated and disciplined growth equity model, which leverages the firm’s deep domain expertise and thematic investing approach to help portfolio companies accelerate growth. FTV also provides companies with access to its Global Partner Network^®, a strategic group of more than 600 executives from many of the world’s leading financial services firms and FTV Propel^®, an in-house team of seasoned operational leaders who deliver counsel and resources across a range of critical business functions.

FTV has invested in over 150 portfolio companies, including Derivative Path, FundApps, Masttro, True Potential, Validus, Windward and Zema Global, and successfully exited/partially exited Actimize (acquired by NICE), Apex Fund Services (acquired by Genstar), Centaur (acquired by Waystone Group), Egress (acquired by KnowBe4), Enfusion (acquired by Clearwater Analytics), InvestCloud (acquired by Motive Partners) and WorldFirst (acquired by Ant Financial).  For more information, please visit www.ftvcapital.com and follow the firm on LinkedIn.

SOURCE Saphyre

With TELUS Global Ventures-led funding, Unmind will provide proactive and reactive mental health solutions combined with AI and advanced data strategies to support organizational health, employee wellbeing, and business performance

NEW YORK and LONDON, July 31, 2025 — Unmind, a leading enterprise mental health platform, today announced an investment from TELUS Global Ventures, the investment arm of world-leading communications technology company TELUS, to help employees better access, navigate, and make full use of employer-provided mental health solutions. This is part of Unmind’s $35 million round of investment, which will support Unmind’s continued U.S. expansion, offering employees therapy, advanced wellbeing tools, science-backed content, and AI coaching in one seamless platform, ultimately building healthier, more productive workplaces globally.

“This new funding means we can accelerate our mission of unleashing human potential at work,” said Dr. Nick Taylor, CEO and co-founder of Unmind. “We’re excited to grow our impact and change the way companies approach mental health – blending expert care with smart technology to reach millions of people around the world.”

Unmind has raised $82 million to date. The funding, which includes additional support from existing investors Project A, Felix Capital, and Sapphire Ventures, will scale Unmind’s activities, reaching new markets, offering employees therapy and coaching, an AI-powered mental health agent, science-backed content, and a modern Employee Assistance Program (EAP) in one fully integrated platform. This includes Nova, Unmind’s generative AI-powered companion. Already used by leading global brands, Nova delivers personalized mental health guidance and support through targeted questions and practical advice.

“Our investment in Unmind represents a strategic alignment with TELUS’ leading global vision for the future of workplace mental health,” said Terry Doyle, Managing Partner at TELUS Global Ventures. “Unmind’s product-led approach, combined with their innovative use of AI and data analytics, positions them perfectly to address the growing demand for comprehensive mental health solutions in the workplace.”

Unmind Appoints New Chief Revenue Officer
As part of its next phase of growth, Unmind has appointed Laura Moniz de Aragao as Chief Revenue Officer. Laura joins from BetterUp, where she was RVP of Sales for Global Strategic Accounts, leading teams across the U.S. and EMEA to support some of the world’s largest organizations. At Unmind, she will lead global go-to-market strategy with a focus on accelerating U.S. expansion and deepening strategic partnerships.

About Unmind
Unmind is a workplace mental health platform helping organizations unlock the full potential of their people. Trusted by leading brands like Uber, Samsung, Disney, Standard Chartered, Diageo, and British Airways, Unmind supports over 2.5 million employees worldwide. Its science-backed, AI-powered platform brings together proactive tools, coaching, therapy, and expert insights to support mental health and high performance at every level. From strategic consulting and leadership development to a modern EAP and global network of coaches and therapists, Unmind delivers comprehensive mental health support for the whole organization.

For more information about Unmind’s workplace mental health platform, visit unmind.com.

SOURCE Unmind

Strategic investment from Okta Ventures, SE Ventures, and Crosspoint Capital reinforces the company’s position as the leader in autonomous cyber investigations.

AUSTIN, Texas, July 31, 2025 — Command Zero, the industry’s first autonomous and AI-assisted cyber investigation platform, today announced a $10 million strategic investment from leading cybersecurity and technology investors Okta Ventures, SE Ventures, and Crosspoint Capital. The company also achieved SOC 2 Type 2 compliance, demonstrating its unwavering commitment to the highest standards of security, availability, and confidentiality for enterprise customers.

Strengthening the Cyber Investigation Revolution

Command Zero’s platform combines encoded expert knowledge, advanced Large Language Models (LLMs), and intuitive interfaces to empower security analysts with unprecedented investigative capabilities. The solution addresses the critical shortage of skilled cybersecurity professionals by enabling tier-2 and tier-3 analysts to conduct faster, more accurate investigations across even the most complex enterprise environments. Command Zero customers also use the platform to standardize, document and accelerate tier-1 analysis.

“As an industry, we’re not facing a shortage of detections or data. We are facing restrictions in complex analysis in security operations,” said Dov Yoran, co-founder and CEO of Command Zero. “While automation has transformed detection and triaging, escalated cases still demand expert human analysis. This strategic investment validates our approach to bridging the expertise gap while maintaining the human intelligence essential for nuanced threat analysis. Combined with our SOC 2 Type 2 compliance, we’re positioned to serve the most demanding enterprise security requirements.”

Command Zero’s technology-agnostic approach enables analysts to conduct investigations across data sources in modern enterprises, dramatically reducing mean time to understand and respond to sophisticated threats. This capability is particularly crucial as organizations face increasingly complex attack vectors and regulatory compliance requirements.

Strategic Partnerships with Industry Leaders

The strategic investment brings together three complementary partners, each adding unique value to Command Zero’s growth trajectory:

Okta Ventures joined the investment, contributing their identity and access management expertise to support Command Zero’s enterprise security mission. “Identity security requires sophisticated investigation capabilities to understand and respond to complex attack patterns,” said Austin Arensberg, Vice President of Okta Ventures. “Command Zero’s platform enables security teams to conduct thorough investigations while maintaining the speed and precision required in today’s threat landscape, making it an ideal complement to comprehensive identity security strategies.”

SE Ventures, the venture fund backed by Schneider Electric invested, bringing their extensive industrial cybersecurity expertise and global enterprise customer base of Schneider Electric. “We recognize the transformative potential of technologies that enhance security operations across complex industrial environments,” said Amit Chaturvedy, Global Head & Managing Partner at SE Ventures. “Command Zero’s approach to democratizing expert-level investigation capabilities aligns perfectly with our vision of empowering organizations to defend against increasingly sophisticated cyber threats while maintaining operational excellence.”

Crosspoint Capital participated in the investment in connection with Command Zero’s selection as a top 10 finalist of the RSA Conference 2025 Innovation Sandbox. “Command Zero is addressing one of the most persistent challenges in cybersecurity operations – the investigation bottleneck that limits even the most well-funded security teams,” said Zach Sivertson with Crosspoint Capital. “Their unique combination of expert knowledge encoding, advanced AI, and human-centered design represents a fundamental breakthrough in how organizations can scale their security operations while maintaining investigative rigor.”

Achieving SOC 2 Type 2 Compliance

In addition to securing strategic investment, Command Zero has successfully achieved SOC 2 Type 2 compliance, following a comprehensive audit. The data security certification validates the company’s commitment to security, availability, and confidentiality. This milestone demonstrates Command Zero’s adherence to the most stringent industry standards for protecting sensitive customer data and maintaining operational excellence.

“Our customers’ security has been a top priority since day one. “Achieving SOC 2 Type 2 compliance represents more than regulatory adherence – it demonstrates our foundational commitment to security excellence,” said Dean De Beer, co-founder and CTO of Command Zero. “Our customers trust us with their most critical security investigations, and this compliance validates our ability to protect their data while delivering the investigative capabilities they need to defend against sophisticated threats.”

Transforming Security Operations at Scale

Command Zero’s platform addresses the fundamental challenge facing security operations teams: the inability to scale advanced investigative capabilities across all escalated security incidents. Traditional approaches rely on individual knowledge and manual processes, creating bottlenecks that limit organizational security effectiveness.

The platform’s innovative approach combines several breakthrough capabilities:

• Expert Knowledge Encoding: Decades of incident response and threat hunting expertise embedded directly into investigative workflows
• AI-Assisted Analysis: Advanced LLMs that augment human investigators while preserving critical analytical thinking
• Technology-Agnostic Querying: Unified investigation capabilities across enterprise data sources
• Automated Reporting: Comprehensive documentation and timeline generation for compliance and knowledge retention

These capabilities enable security teams to conduct thorough investigations without requiring technology-specific expertise, dramatically reducing training requirements while improving investigation quality and consistency.

About Command Zero

Command Zero is the industry’s first autonomous and AI-assisted cyber investigation platform, built to transform security operations in complex enterprise environments. The platform reduces the need for technology-specific expertise for tier-2, tier-3 analysts, incident responders, and threat hunters. Command Zero enables all users to perform at the highest level by ensuring consistent, repeatable, auditable investigations with automated reporting.

Command Zero is a passionate group of accomplished cyber experts focused on revolutionizing cyber investigations. The co-founders have led seven successful cybersecurity acquisitions to date including exits to Symantec, McAfee, Sourcefire, Cisco, and IBM. Headquartered in Austin, TX with presence in Calgary, Alberta, Canada, the company has seasoned employees across the US and Canada.

Learn more at https://www.cmdzero.io/ and follow the Command Zero LinkedIn page.

About Okta Ventures

Okta Ventures is the venture investment arm of Okta, investing in companies developing innovative identity and security solutions. Okta Ventures focuses on modern identity technologies that address identity, privacy, and security use cases across the enterprise ecosystem. For more information, please visit: www.okta.com/okta-ventures

About SE Ventures

SE Ventures is a $1B+ venture capital firm based in Menlo Park. A team of specialist investors and operators, SE Ventures backs bold entrepreneurs in Industrial & Climate Tech and drives commercial acceleration for portfolio startups by tapping into the deep domain expertise and global customer base of its LP, Schneider Electric. For more information, visit: www.seventures.com

About Crosspoint Capital

Crosspoint Capital is an investment firm focused on the cybersecurity, privacy, and infrastructure software markets. Crosspoint Capital has assembled a group of highly successful operators, investors, and sector experts to partner with foundational technology companies and drive differentiated returns. Crosspoint Capital has offices in Menlo Park, CA and Boston, MA. For more information, visit: www.crosspointcapital.com.

Contact

Erdem Menges

VP of Product Marketing

Command Zero

[email protected]

SOURCE Command Zero

VERBIER, Switzerland, July 31, 2025 — Arctic Juice & Cafe is one of the fastest-growing healthy lifestyle cafe chains in Europe, operating locations in Switzerland, France, and other key markets. The Company, which is renowned for its ‘Born in the Mountains’ alpine story, will utilise this investment to accelerate its expansion across Europe and further develop initiatives that reward customers for maintaining active lifestyles. The funding will also support growth into new urban and international markets, as well as enhance the company’s sustainable supply chain operations.

“The global shift toward conscious consumption and wellness-focused lifestyles continues to accelerate, creating unprecedented demand for authentic, sustainable food and beverage experiences,” said Craig Huff, Founder and Managing Member of BoltRock Holdings. “We are excited to partner with Arctic Juice & Cafe, a company that has successfully redefined cafe culture by integrating alpine heritage, fitness, and premium offerings into a compelling brand experience, with a unique and differentiated story.”

Arctic Juice & Cafe designs and operates premium juice and coffee bars that serve specialty organic coffee, cold-pressed juice, and natural goodness brunch across major European locations including Val d’Isère, Verbier, Chamonix, Zermatt, Geneva, Lausanne, Annecy, Lyon, and Zurich. The company’s proprietary approach combines sustainable sourcing, wellness-focused menu design, and community engagement through fitness initiatives, serving health-conscious consumers who prioritise both quality of lifestyle and quality of what they eat.

“This investment validates Arctic Juice & Cafe’s mission to revolutionise daily lifestyle habits through exceptional organic coffee, clean juice, and healthy brunch-style natural food,” said Piers Ritchie, Founder and CEO of Arctic Juice & Cafe. “BoltRock shares our vision of creating a sustainable, active lifestyle brand with real purpose, and brings the strategic capital needed to expand our unique mountain-born cafe culture to major centres across Europe and beyond. Under this framework, we plan to work with BoltRock to significantly increase our store footprint and continue building a world-class organisation from the exciting base we have built to date. This is both significant and smart capital, and I’m very excited with us having strong new partners, who are also great people.”

“Arctic Juice & Cafe is led by an experienced founder with a proven track record in lifestyle brands and a deep understanding of the premium wellness market,” said Daniel Bondy, Managing Director of BoltRock Holdings. “We are thrilled to support Piers and his team as they scale this unique concept that authentically connects healthy living with cafe culture.”

Craig Huff and Daniel Bondy of BoltRock Holdings will join the company’s Board of Directors.

About Arctic Juice & Cafe

Founded in 2016, Arctic Juice & Cafe operates sustainable juice and coffee bars focused on three core product pillars: organic specialty coffee, clean juice, and energy-optimised natural food. The Company, which set out with a clear mission to enthuse a better quality of daily lifestyle. Arctic actively fosters a strong element of community fitness and wellbeing, as demonstrated by the Company’s CEO and Arctic Run Collective team completing the 2025 edition of the grueling Speed Project 500km footrace from Los Angeles to Las Vegas. Headquartered in Verbier, Switzerland, Arctic Juice & Café operates 15 locations across Switzerland and France, serving customers who embrace an active, sustainable lifestyle. Learn more at www.arcticjuicecafe.com.

About BoltRock Holdings

BoltRock Holdings is a family investment office based in New York City. BoltRock primarily focuses on providing flexible, patient, long-term capital to world-class companies in important industries.

Logo: https://mma.prnewswire.com/media/2741765/Arctic_Juice_Cafe_Logo.jpg

SOURCE Arctic Juice & Cafe

Funding accelerates Corsha’s machine identity platform protecting the rapidly expanding robotics and AI ecosystem

WASHINGTON, July 31, 2025 — Corsha, the first and only Machine Identity Provider (mIDP) purpose-built to secure machine-to-machine (M2M) communication across operational systems and critical infrastructure, today announced an investment from Cybernetix Ventures, a leading early-stage VC firm at the forefront of robotics, automation, and physical AI. The funds will accelerate Corsha’s mission to secure every machine connection across robotics and industrial autonomous systems.

Cybernetix Ventures’ investment highlights the growing need for secure identity and access management in the rapidly evolving world of robotics, connected machines, and physical AI. While cybersecurity has traditionally focused on protecting humans, the protection of machines and operational technology (OT) has been neglected. With industrial systems becoming increasingly autonomous and interconnected, Corsha’s patented machine identity platform (mIDP) ensures that every machine connection is continuously verified and authorized at machine speed and scale. Corsha brings the proven security benefits of dynamic machine identity into manufacturing APIs and protocols, delivering continuous verification as a core pillar of zero-trust for cloud, edge, and complex hybrid environments.

“Robotics, automation, and physical AI are transforming how the industrial world operates,” said Anusha Iyer, CEO and Founder of Corsha. “This shift demands an identity infrastructure purpose-built for machines. Cybernetix brings both capital and deep connections across this emerging frontier, and we’re excited to partner with them as we scale our platform to secure the next generation of connected, autonomous systems.”

This investment from Cybernetix Ventures comes as robotics and physical AI reshape industrial operations, driving demand for fine-grained machine identity and access control to ensure these systems operate safely, autonomously, and at scale.

“Robotics and industrial systems are under constant threat, yet most companies are still treating machine security as an afterthought,” said Mark Martin, General Partner at Cybernetix Ventures. “Corsha has solved the fundamental challenge of machine-to-machine authentication— delivering enterprise-grade identity management that seamlessly integrates into existing infrastructure. Anusha and her team aren’t just building another security tool; they’re establishing the foundational trust layer that every connected system will depend on. This is exactly the kind of infrastructure play that defines decades of industrial innovation.”

Corsha’s machine identity platform (mIDP) delivers:

• Strong, cryptographic machine identities for every system
• Dynamic authentication/authorization at every connection
• Automated lifecycle management for millions of machine identities
• Secure deployments in diverse environments from cloud to air-gapped, hybrid, and industrial

The Cybernetix Ventures investment joins Sinewave, Razor’s Edge Ventures, Ten Eleven Ventures, and Booz Allen Ventures in Corsha’s $18 million Series A-1 round.

To learn more about Corsha’s platform and mission, visit corsha.com.

About Corsha
Corsha is the first and only machine identity platform purpose-built to secure operational systems and critical infrastructure. Corsha’s patented Machine Identity Provider (m-IDP) allows enterprises to securely connect systems, move data, and automate with confidence from anywhere to anywhere. Corsha is backed by leading venture capital firms including SineWave, Razor’s Edge, Ten Eleven Ventures, Cybernetix Ventures, and Booz Allen Ventures.

SOURCE Corsha

Among the largest Regulation A+ real estate raises this year, with 10,000+ investors participating

SAN FRANCISCO, July 31, 2025 — Pacaso, the tech-enabled marketplace for co-owned luxury vacation homes, today announced it has raised more than $35 million from more than 10,000 individual investors¹ as part of its ongoing SEC-qualified Regulation A+ offering. This funding milestone reflects strong demand for access to real estate and early-stage equity opportunities.

Founded in 2020 by tech entrepreneurs Austin Allison and Spencer Rascoff, Pacaso enables buyers to co-own luxury vacation homes in top destinations around the world. The company offers ownership shares ranging from one-eighth to one-half, paired with professional management, turnkey design, and full-service support that includes scheduling, maintenance, and resale assistance. Since its launch, Pacaso has facilitated over $1 billion in transactions and service fees and generated more than $110 million in gross profit.

“Pacaso’s traction shows that there’s real demand for a new way to own and invest in luxury real estate,” said Austin Allison, Co-Founder and CEO of Pacaso. “This raise is about opening that opportunity to more people, at a greater scale.”

The offering gives both accredited and everyday investors the opportunity to purchase shares in a venture-backed company. Thousands have participated  to date,¹ reflecting clear interest in Pacaso’s model and growth plans.

Pacaso’s $35 million Tier 2 Regulation A+ raise significantly exceeds the historical Tier 2 average. According to the SEC’s Division of Economic and Risk Analysis (DERA), Tier 2 issuers raised an average of $12.5 million from 2015 through 2024 across more than 1,400 offerings.² Few real estate–focused issuers cross the $30 million mark, placing Pacaso’s offering among the largest of its kind in the past year.³

The funding milestone follows several strategic growth initiatives, including Pacaso’s reservation of the ticker symbol “PCSO” on the Nasdaq. While not a guarantee of future listing, it reflects the company’s long-term planning and evolving capital strategy.  Since its inception, Pacaso has now raised over $270 million across four rounds, backed by institutional investors such as Fifth Wall, Greycroft, and Maveron as well as individuals including Howard Schultz. In late 2024, the company launched its current financing round, leveraging Regulation A+ to expand access beyond traditional venture channels.

Pacaso operates in more than 40 top destinations across the United States, Mexico, and Europe. The company is further scaling to meet global demand with recently announced planned expansion into Italy and the Caribbean.

Its 2024 performance reflects that growth and operational discipline:

• $164.5 million in gross real estate transacted and associated fees (excluding whole-home sales)
• $23.6 million in adjusted gross profit, up 18 percent year-over-year
• 24 percent improvement in adjusted EBITDA loss, driven by reduced inventory and tighter cost structure

Earlier this year, Newsweek named Pacaso one of America’s Greatest Startup Workplaces,⁴ adding to earlier recognition from Forbes as a top startup employer.⁵ These national honors affirm Pacaso’s position as a standout company defined by a strong culture, disciplined execution, and a bold vision for long-term growth.

To learn more or participate in Pacaso’s current round, visit www.pacaso.com/invest.

About Pacaso
Co-founded by Austin Allison and Spencer Rascoff in 2020, Pacaso^® is a technology-enabled marketplace that modernizes real estate co-ownership, enabling families to effortlessly own a luxury vacation home and travel with confidence. Pacaso curates private residences in premier destinations across the U.S. and internationally, with exceptional amenities, luxury interiors and expert design. After purchase, Pacaso professionally manages the home, provides white-glove scheduling and personalized service, and ensures seamless resale.

¹ Investor participation. Based on internal company records as of July 2025 in connection with Pacaso’s ongoing Regulation A+ offering.
² SEC benchmark. “Regulation A and Regulation Crowdfunding Offerings: 2025 Update,” U.S. Securities and Exchange Commission, Division of Economic and Risk Analysis (DERA), June 2025.
³ Market comparison. Based on external industry research and publicly available issuer filings. The SEC does not publish average raise sizes by vertical; this comparison reflects aggregated data on real estate-focused Reg A+ campaigns.
⁴ Newsweek recognition. Pacaso was named one of America’s Greatest Startup Workplaces 2025 by Newsweek, in a study conducted with Plant-A Insights Group, published March 25, 2025.
⁵ Forbes ranking. Pacaso was ranked #10 in Forbes’ America’s Best Startup Employers 2025, published March 2025.

(1)We calculate Adjusted Gross Profit as gross profit under GAAP adjusted for amortization of developed technology, inventory valuation adjustment in the current period, inventory valuation adjustment in prior periods, impairments and write-offs and share-based compensation. Inventory valuation adjustment in the current period is calculated by adding back the inventory valuation adjustments recorded during the period on homes that remain in inventory at period end. Inventory valuation adjustment in prior periods is calculated by subtracting the inventory valuation adjustments recorded in prior periods on homes sold in the current period. Additionally, we calculate Adjusted Gross Profit Excluding Impact of Whole Homes, which is an indication of the performance of our core business offering of selling and managing co-owned real estate and is a useful measure of the volume of transactions that flow through our platform in a given period. We view this metric as an important measure of business performance, as it captures gross profit performance related to units transacted in a given period and provides comparability across reporting periods.

(2) We define Gross real estate transacted and associated service fees, excluding whole home sales, as the total dollar value, less any concessions, of co-ownership transacted during the period which includes co-ownership real estate sales, gain from real estate investments presented gross , real estate services, and the applicable margin on such transactions. We view this metric as an indication of the performance of our core business offering of selling co-owned real estate and is a useful measure of the volume of transactions that flow through our platform in a given period, which ultimately impacts gross profit.

(3) We define Adjusted EBITDA as net income or loss adjusted for interest expense, income tax expense, depreciation and amortization, share-based compensation expense, non-recurring expense, unrealized gain or loss on foreign currency, non-recurring impairment and write-offs, derivative expense and restructuring expense. Adjusted EBITDA is also adjusted to align the timing of inventory valuation adjustments recorded under GAAP to the period in which the related revenue or net gain on real estate investment is recorded in order to improve the comparability of the measure to our non-GAAP financial measure of adjusted gross profit above. We believe Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our results of operations, as well as providing a useful measure for period-to-period comparisons of our business performance adjusted for non-recurring or non-cash items. Moreover, we have included Adjusted EBITDA because it is a key measurement used by our management internally to make operating decisions, including those related to analyzing operating expenses, evaluating performance, and performing strategic planning and annual budgeting.

(4)Real estate inventory and real estate investments assets combined represent the total gross asset value, net of valuation adjustments and impairments, excluding the impact of associated debt, as real estate investments are presented net of associated debt on the GAAP Balance Sheet.

Certain statements in this release may constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding Pacaso’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Readers are cautioned not to put undue reliance on forward-looking statements, and Pacaso assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Pacaso does not give any assurance that it will achieve its expectations.

In addition to financial results presented in accordance with generally accepted accounting principles, this press release may contain financial measures that do not conform to U.S. GAAP if we believe they are useful to investors or if we believe they will help investors to better understand our performance or business trends. Reconciliations of these non-GAAP financial measures to the nearest comparable GAAP measures are included in our Offering Statement, which may be obtained from: invest.pacaso.com.

Investments in this offering are subject to limitations. Non‑accredited investors may invest no more than 10% of the greater of their annual income or net worth.

Important Note: Reservation of a ticker symbol does not guarantee a future listing on the Nasdaq Stock Market, nor does it imply that Pacaso currently meets any of Nasdaq’s listing criteria.

AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT IS AVAILABLE HERE.

SOURCE Pacaso

Led by Avataar Ventures, funding accelerates SAFE’s pursuit of cybersecurity superintelligence – while doubling down on its Agentic AI-first approach with the Continuous Threat Exposure Management (CTEM) launch – building on its category-defining leadership in the CRQ and TPRM markets

PALO ALTO, Calif., July 31, 2025 — SAFE, the category leader in Cyber Risk Quantification (CRQ) and the first company to deliver fully autonomous Third-Party Risk Management (TPRM), today announced a $70 million Series C funding round. The round was led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital, NextEquity Partners, Prosperity7 Ventures, and existing investors including Eight Roads, John Chambers and Sorenson Capital among others. The capital will be used to accelerate SAFE’s dominance in the cyber risk management market and fuel continued innovation to build Agentic AI-native reasoning models to move closer to SAFE’s mission to achieve CyberAGI.

Alongside the funding, SAFE unveiled the most transformative upgrade to its Cyber Risk Singularity platform yet: the world’s first fully autonomous Continuous Threat Exposure Management (CTEM) solution, powered by Agentic AI.

While traditional CTEM tools claim to provide risk based insights, they rely on black-box scoring models and static signal aggregation – thereby lacking critical transparency and context. SAFE changes the game. Just as it redefined Cyber Risk Quantification (CRQ) by truly understanding and quantifying risk making it actionable, it’s now bringing that same rigor and precision to CTEM – this time, supercharged with dozens of autonomous AI agents.

“This is a defining moment in our pursuit of CyberAGI,” said Saket Modi, Co-Founder and CEO of SAFE. “When we launched our platform in 2020, we carefully selected a market that would be the foundation of cyber risk management – Cyber Risk Quantification (CRQ). Not only did we shape the category, we’ve become its undisputed leader.
In 2023, we brought the same disruptive mindset to Third-Party Risk Management (TPRM) with Agentic AI, and today we’re fast emerging as the clear frontrunner.
Now, we’re applying that same Agentic AI-first approach to our next frontier: Continuous Threat Exposure Management (CTEM). Each of these domains are critical building blocks in our singular pursuit: achieving CyberAGI.”

Forrester named SAFE as the leader in its Cyber Risk Quantification Solutions Wave of Q2 2025, reaffirming its market dominance. Since launching TPRM in 2024, over 50% of SAFE’s customers have adopted the module. With the addition of CTEM, SAFE’s singularity platform now empowers security and risk leaders to prioritize and remediate both operational and strategic risks – across first and third parties.

“Our investment philosophy is rooted in deep conviction around transformative market shifts—and few are as compelling as the opportunity in cybersecurity, especially in the age of AI,” said Nishant Rao, Founding Partner at Avataar Ventures. “Most cybersecurity sub-sectors we’ve evaluated are either overcrowded or limited to tactical, widget-like solutions. But cybersecurity today is a boardroom and CEO-level priority, and that’s not changing anytime soon.

What makes SAFE stand out is its positioning – not as another detection tool, but as a strategic intelligence layer across the entire cybersecurity stack. Combine that with a stellar execution track record and consistent 120%+ YoY growth since their launch in 2020, partnering with Saket and his team was an easy decision.”

SAFE counts Google, Fidelity, T-Mobile, Chevron, and IHG among its customers. With this round, total funding exceeds $170 million. Its Cyber Risk Singularity Platform delivers Autonomous Cyber Risk Management across CRQ, CTEM, and TPRM. See the SAFE Singularity Platform in action at Black Hat USA @ Booth #3851 or schedule a live demo.

About SAFE

SAFE is redefining cyber risk management with Agentic AI. We empower CISOs, cybersecurity, and TPRM leaders to continuously quantify, prioritize, and mitigate cyber risks across their entire attack surface – enabling digital growth and organizational resilience.

SAFE is the category leader in Cyber Risk Quantification (CRQ) and the first company to deliver 100% autonomous Third-Party Risk Management (TPRM) and Continuous Threat Exposure Management (CTEM).

Trusted by industry leaders including Google, Fidelity, T-Mobile, Chevron, and IHG, SAFE has achieved triple-digit revenue growth for three consecutive years and raised over $170 million to date.

Learn more at www.safe.security

SOURCE SAFE

SAN FRANCISCO, July 31, 2025 — Wallarm, the leader in API and AI security, announced today the closing of the company’s $55 million in Series C investment led by Toba Capital. The funding will enable Wallarm to continue massively scaling its top line and innovating ahead of the curve in the API Security market by extending the company’s offering to further protect APIs in the AI era.

The adoption of AI by attackers is fundamentally changing the API threat landscape, introducing new security risks and vulnerabilities. AI not only allows attackers to develop and execute exploits at an incredible pace, it also dramatically expands the target surface by introducing new APIs and AI applications. This massive shift in the threat landscape is already underway, with organizations deploying thousands more APIs that require protection, and attackers that can operate exponentially faster. Traditional security tools aren’t capable of defending the modern, AI-enabled organization. API security with real-time blocking is now a requirement; Wallarm is the only vendor built from the ground up to block API attacks in real-time.

“At Wallarm, our mission has always been clear: deliver powerful, proven API protection that actually stops real-world threats,” said Ivan Novikov, CEO and co-founder of Wallarm. “This latest round of investment marks a pivotal moment—not just for our company, but for the security industry at large. We’re doubling down on innovation to equip security teams with the intelligence and automation they need to stay ahead of increasingly sophisticated and targeted API attacks. Our goal is to give security teams precision tooling that integrates natively with modern stacks, and stops threats before they become incidents.”

Wallarm closed 2024 with record growth and net revenue retention of 134% across enterprise accounts, including customers from financial services, manufacturing, technology and other industries. Wallarm’s growth is driven by the company’s ability to rapidly deliver innovative technology to market, including their most recent breakthrough agentic AI protection feature. The new capability extends Wallarm’s industry leading API protection capabilities to monitor AI interactions, protecting against AI specific attacks like prompt injection, jailbreaks, API logic abuse, and more.

“Wallarm is shaping the future of API and AI security. The team has built an incredibly robust, high-performance platform that’s already proven in complex enterprise environments. As AI-powered attacks drive new demands for the API security category, this financing round will enable Wallarm to continue to transform the API security landscape with its unique focus on real-time protection,” said Vinny Smith, Founding Partner, Toba Capital.

This round of funding is underpinned by Wallarm’s significant momentum and validation over the past year:

• Wallarm has made key strategic hires: Morgan Jay, President and CRO, Michelle Gerson, VP of Marketing, and Greg Deisher, CFO to align with its next phase of growth.
• Wallarm introduced Agentic AI Protection capabilities to provide security against Agentic AI attackers, extending Wallarm’s API Security Platform to actively monitor, analyze, and block attacks against AI agents.
• Wallarm introduced the industry’s first Penetration Testing Service for Agentic AI Systems, helping organizations assess and secure their AI-driven systems from emerging threats.
• Wallarm also released the world’s first API Honeypot Report highlighting API attack trends. The findings revealed critical insights into the growing threat landscape for APIs, showcasing their increasing vulnerability to rapid discovery and exploitation.
• Driven by AI Expansion, Wallarm Closed 2024 with record growth and retention of 134% across enterprise accounts – with nearly zero churn.

Wallarm continues their established momentum with the release of their next-gen Security Edge product to deliver resilience, observability, and performance for API security. For the full press release: https://www.wallarm.com/press-releases/wallarm-launches-next-gen-security-edge-to-eliminate-api-protection-complexity-amid-the-rise-of-ai-driven-attacks

To meet with Wallarm at Black Hat, please visit Booth # 4830 or sign up here: https://www.wallarm.com/wallarm-black-hat-2025

About Wallarm
Wallarm is the only unified platform for API and agentic AI security successfully deployed in enterprise production environments. With Wallarm, customers receive the fastest, easiest, and most effective way to stop API attacks. Organizations choose Wallarm to protect their APIs and AI agents because the platform delivers a complete inventory of APIs, real-time blocking, and patented AI/ML-based abuse detection. Wallarm is headquartered in San Francisco, California, and is backed by Toba Capital, Y Сombinator, Partech, and other investors.

Media Contact:
Michelle Kearney
Hi-Touch PR
443-857-9468
[email protected] 

SOURCE Wallarm

• AI heart failure diagnostics innovator makes it possible to catch deadly heart failure earlier by analyzing the most common heart scan in the world and proactively alerting clinicians
• FDA-cleared, reimbursed by Medicare, and live in top U.S. hospitals, Ultromics is now scaling nationwide to make early heart failure detection part of routine cardiac care, wherever patients get an echo
• Ultromics is trained on one of the largest real-world echo datasets globally and validated across 25 peer-reviewed studies, helping close one of medicine’s most dangerous diagnostic gaps, where up to 64% of heart failure cases still go undetected

OXFORD, England, July 31, 2025 — Ultromics, a pioneer in AI-driven cardiology solutions, today announced it has raised $55 million in Series C financing. The round was co-led by L&G, Allegis Capital and Lightrock, with continued support from Oxford Science Enterprises, GV, Blue Venture Fund and Oxford University. Major U.S. health systems, including UChicago Medicine’s venture investment vehicle, UCM Ventures, and UPMC Enterprises also participated in the round.

Built on years of clinical study and hundreds of thousands of echo scans, Ultromics offers the first FDA-cleared, Medicare-reimbursed AI technology to help clinicians detect HFpEF and cardiac amyloidosis, two of the most elusive forms of heart failure. The company is now expanding across the U.S. to bring that capability to the hospitals and echo labs that see the highest volume of at-risk patients, aiming to make AI-enhanced diagnostics a default step in the cardiac workup. Ultromics is also expanding its pipeline to include additional cardiac conditions, new distribution channels and deeper partnerships with health systems and clinical leaders.

It’s a critical moment for cardiovascular care. Heart failure is rising, costs are mounting and millions of patients are still going undiagnosed, especially those with harder-to-detect forms like HFpEF and cardiac amyloidosis. In the U.S. alone, heart failure drives over $30 billion in annual healthcare costs, a number projected to exceed $70 billion by 2030. Clinicians often rely on subjective interpretation of echocardiograms, leading to missed or delayed diagnoses even when patients are actively seeking care. In fact, up to 64% of HFpEF cases go undiagnosed, and cardiac amyloidosis is frequently mistaken for more common forms of heart disease, leaving patients untreated until symptoms worsen or irreversible damage occurs.

Ultromics addresses this diagnostic blind spot by using AI to extract hidden disease signals from standard echocardiograms, enabling earlier, more accurate detection of complex heart conditions—without requiring new hardware or disrupting clinical workflows. Its FDA-cleared EchoGo® platform supports diagnosis of HFpEF and cardiac amyloidosis. Trained and validated on one of the largest real-world echo datasets globally, EchoGo® generates real-time probability scores to help cardiologists identify high-risk patients earlier than traditional methods. EchoGo® is fully reimbursed under Medicare, making it scalable across hospitals, clinics, and health systems nationwide.

“The reality is, hospitals already have the data, they just haven’t had the tools to extract the more subtle diagnostic signals from it. By analyzing routine echocardiograms with AI, we’re helping clinicians identify high-risk patients earlier, enabling intervention before disease progresses,” said Ross Upton, PhD, CEO and Founder, Ultromics. “We’ve spent years building our platform to fit into clinical workflows, with no extra hardware and no new friction, and this funding helps us scale that across the U.S. at a moment when health systems are actively looking to combat the growing heart failure crisis.”

Ultromics has already analyzed more than 430,000 echocardiograms to date. In clinical studies, EchoGo® improved the detection of HFpEF by 73.6% when compared with standard clinical risk scores. The company’s latest diagnostic model for cardiac amyloidosis, validated in a global study of 18 institutions and published in the European Heart Journal, outperformed current clinical risk scores while distinguishing disease from similar conditions.

“Ultromics has established itself as an early-mover in the large and underserved cardiovascular disease market, having developed one of the first commercially available AI-powered diagnostic echocardiogram  technologies,” said Alastair Stewart, Head of Investments, Venture Capital, at L&G. “This successful Series C round is a testament to the massive opportunity for cutting-edge technology to transform how clinicians can detect and treat serious cardiovascular diseases that impact millions of people every year.”

With growing adoption and partnerships across flagship institutions, including UChicago Medicine, University Hospitals Cleveland, Northwestern, and Mayo Clinic, Ultromics is building regional clusters of clinical and commercial traction, particularly in high-prevalence regions like the Midwest. Its platform is helping hospitals reduce unnecessary tests, streamline workflows and initiate treatment earlier so it’s more effective and less expensive.

“Heart failure and cardiac amyloidosis impact millions of lives and strain healthcare systems, despite new approaches that have the potential to significantly improve patient outcomes. There is a critical need for scalable solutions that enable earlier, more accurate diagnosis and elevate the standard of care,” said Umur Hursever, Partner at Lightrock. “Ultromics’ AI-driven technology is already making a real-world impact, improving diagnostic accuracy, supporting clinical decisions, and expanding access to specialist care. The Lightrock team is delighted to support Ultromics’ mission and growing impact.”

Ultromics has rapidly expanded its platform capabilities and U.S. market presence during the past year. In late 2024, the company received FDA Breakthrough Device clearance for EchoGo® Amyloidosis, followed in 2025 by the launch of EchoGo® Score, a new feature that adds AI-driven probability scoring to EchoGo® Heart Failure, helping clinicians detect HFpEF with greater nuance. These clinical advances are now supported by Medicare reimbursement for both outpatient and inpatient use, strengthening Ultromics’ foundation for scaled adoption across U.S. hospitals.

“There’s a long-standing blind spot in cardiology where millions of patients with treatable heart failure are missed because their symptoms are subtle and echo images are hard to interpret,” said Victor Westerlind, Managing Director at Allegis Capital. “What’s exciting about Ultromics is how they’re closing that gap. Their platform brings AI and cardiology together in a way that makes it easier for physicians to identify high-risk patients earlier. When paired with the latest treatment advances, it’s a diagnostic win that will help save lives.”

About Ultromics

Founded out of the University of Oxford, Ultromics is redefining cardiovascular care with FDA-cleared, AI-powered tools that enhance echocardiographic diagnosis. Built in partnership with the NHS and Mayo Clinic, its EchoGo® platform helps clinicians detect complex heart diseases earlier and more accurately—using nothing more than a standard ultrasound scan. Ultromics is backed by leading investors and U.S. healthcare systems and is on a mission to transform how heart disease is diagnosed and treated. For more, visit www.ultromics.com.

About Lightrock

Lightrock is a global investment platform committed to building a sustainable future. Operating across private and public markets, Lightrock manages over $5.5 billion in assets and invests in Europe, North America, Latin America, Asia, and Africa. Lightrock is a certified B Corp with a dedicated team of over 130 professionals working across a network of six offices

For more information, visit www.lightrock.com

About L&G

Established in 1836, L&G is one of the UK’s leading financial services groups and a major global investor, with £1.1 trillion in total assets under management (as at FY24) of which c. 44% (c. £0.5 trillion) is international.

We have a highly synergistic business model, which continues to drive strong returns. We are a leading player in Institutional Retirement, in Retail Savings and Protection, and in Asset Management through both public and private markets. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.

About Allegis Capital

Allegis Capital is an early-stage venture capital firm partnering with companies that enable digital transformation across the enterprise. The firm supports founders with hands-on guidance, operational expertise, and access to a global network of industry leaders. With a long track record of building market-defining businesses, Allegis backs the teams and platforms reshaping how work gets done. Headquartered in Palo Alto, California, Allegis has been investing in enterprise innovation for over two decades.  For more information, visit https://www.allegiscapital.com/

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SOURCE Ultromics