The new funding will drive the expansion of AIR’s U.S. operations, support continued team growth, and expedite purchase order deliveries of AIR’s uncrewed cargo aircraft, in line with the recent U.S. Executive Order on advancing air mobility

TEL AVIV, Israel , July 30, 2025 — AIR, a pioneering startup offering eVTOL aircraft for uncrewed commercial and contested logistics, piloted personal flight, and defense use, today announced that it has raised $23 million in Series A funding. The round was led by Entrée Capital, with participation from Dr. Shmuel Harlap, renowned businessman and an initial backer of Mobileye, who has also been an investor in AIR since its inception. The funding will enable AIR to further scale its eVTOL (electric vertical takeoff and landing) aircraft production in support of a growing number of purchase orders and accelerate its U.S. expansion efforts.

This momentum reflects a growing global demand for next-generation air mobility, further underscored by the U.S. government’s recent Executive Order promoting eVTOL production and integration and the recent FAA MOSAIC ruling updating the light sport aircraft (LSA) certification qualifications to include eVTOL type aircraft such as the AIR ONE. AIR is uniquely positioned to meet these rigorous standards, making it one of the first eVTOL aircraft expected to receive LSA certification.

AIR has already fulfilled initial aircraft deliveries to its first logistics customer in 2023, marking the start of commercial deployment of its aircraft. The company is building upon its presence and certification efforts in the United States and, in parallel, is expanding its global team to meet increased operational demands, delivering on a growing number of purchase orders for both its crewed and uncrewed models.

AIR’s uncrewed cargo eVTOL is designed to meet the growing demand for efficient, adaptable, and scalable air transportation solutions in industries such as cargo delivery, disaster response, contested logistics, and remote access operations. Its unique aerodynamics allow it to reach 100-mile range at speeds of up to 120 knots. Its intuitive ground handling procedures and quick loading capabilities accommodate a variety of cargo types, while its innovative design allows for seamless integration into existing logistics workflows. The eVTOL has a 550-pound payload capacity and 70 cubic feet of cargo space. 

Alongside the cargo model, AIR’s piloted AIR ONE offers personal mobility with a focus on performance and comfort, providing a new level of safety and accessibility for the General Aviation category.

AIR’s piloted two-seater and its autonomous cargo model share a unified design DNA that allows both models to benefit from cross-platform upgrades. Both feature a folding wing mechanism, allowing the aircraft to be parked in a standard car-size parking space, enhancing real-world practicality and ease of use.

“This funding solidifies AIR’s path forward and enables us to continue fulfilling the promise we made to our customers,” said Rani Plaut, CEO and co-founder of AIR. “We’re proud to have demonstrated our ability to succeed with lean operations, generating significant revenues in the eVTOL space while operating efficiently. We have no doubt that with Entrée Capital’s backing and knowledge, we will be able to deliver our advanced air mobility solutions to the market even faster than before.”

“We have tracked AIR from its initial founding to the point where it has achieved full flight operations across commercial (logistics), consumer, and defense applications,” said Avi Eyal, Managing Partner, Entrée Capital. “The platform designed is an engineering marvel that has multiple modalities, and it will revolutionize existing use cases for air transportation given its low cost, low maintenance, ease of use and high endurance and safety. We led the investment in AIR given our belief in its vision and it being the only OEM in its category that is delivering a real product today, years ahead of any rival. We are fortunate to have a tremendous founding team with such experience leading the company.”

Leading up to this milestone, AIR has successfully demonstrated all phases of flight with its full-scale platform, including extensive nighttime Beyond Visual Line of Sight (BVLOS) autonomous, uncrewed cargo operations. The company established a U.S.-based operations center to support ongoing FAA certification efforts and collaborate with the U.S. Air Force’s Agility Prime program.

With 15 uncrewed cargo eVTOLs slated for delivery in the coming year and over 2,500 pre-orders for the piloted AIR ONE for personal use, the company is primed to help lead the evolution of the Advanced Air Mobility (AAM) industry.

About AIR

AIR is a leading aerospace OEM producing advanced eVTOL aircraft for autonomous uncrewed cargo logistics, as well as a two-seater for piloted flight. With payloads over 550 pounds (250 kg), an hour plus endurance, and proven operational readiness, AIR is one of the first companies to deliver aircraft and generate revenues in the Advanced Air Mobility (AAM) industry. Through real-world flight operations, industrial partnerships, and global regulatory collaboration, AIR is redefining the aviation paradigm with a proprietary approach to what an aircraft can be. By harnessing the promise of electric aviation, patented innovations in hardware and software, and proven manufacturing practices from the automotive industry, AIR has built and delivered an aircraft that is fundamentally different: in design, engineering, production, cost, operation, and maintenance. AIR is shaping the future of flight today. For more information: https://www.airev.aero/ 

AIR Press Contact

Kate Schoenstadt
[email protected]
IL:+972 54 777 6684

SOURCE AIR

HOUSTON, July 30, 2025 — Solidec, a pioneer in clean chemical manufacturing, today announced it has raised $2+ million in pre-seed funding led by New Climate Ventures (NCV), with participation from Plug and Play Ventures, Ecosphere Ventures, Collaborative Fund, Safar Partners, Echo River Capital, and Semilla Climate Capital, among others.

Solidec’s breakthrough approach to chemical manufacturing replaces centralized infrastructure with modular, efficient on-site production using only air, water, and electricity. Solidec’s platform is powered by modular reactors capable of producing many widely used chemicals, including hydrogen peroxide, formic acid, acetic acid, and ethylene without any post-processing steps required. Solidec is initially focused on the production of hydrogen peroxide, a critical chemical used across industries from semiconductor fabrication and critical metal mining to wastewater treatment.

“We’ve known the Solidec team for almost two years and have developed a high degree of conviction in the team, their technology, and their go-to-market strategy,” said Eric Rubenstein, Managing Partner at New Climate Ventures. “We’re particularly excited about Solidec’s ability to produce many different widely used chemicals. It gives them critical flexibility to expand and serve a broad customer base.”

Solidec’s platform technology is poised to disrupt the multi-billion-dollar commodity and chemical industries. The company has already secured early commercial customers, highlighting the demand for breakthrough technologies that rewrite the rules of chemical manufacturing. With these funds secured, Solidec will ­­accelerate its go-to-market with a focus on pilot deployments and scaling its technology to meet customer-specific needs in multiple industries.

“Traditionally, hydrogen peroxide is produced in centralized, energy-intensive facilities using carbon-intensive inputs, then transported long distances, resulting in a significant carbon footprint,” said Ryan DuChanois, Co-Founder and CEO of Solidec. “Solidec’s modular reactor produces clean chemicals like hydrogen peroxide on-site, in fewer steps, and with less energy, slashing emissions, supply-chain risk, and cost. We’re eager to deliver these capabilities to customers across the globe.”

The chemical and petrochemical industries account for about 40 percent of industrial carbon emissions in the United States. Chemical separations alone – the post-processing steps Solidec eliminates – are responsible for 15 percent of global energy consumption. Solidec’s technology is forging a path to emission-free molecules for the global chemical manufacturing industry, and creating opportunities to accelerate innovation in multiple other industries.

Solidec spun out from Professor Haotian Wang’s lab at Rice University in 2024 and is based in Houston, Texas. The company is a recipient of the Activate Fellowship, a graduate of the Chevron Catalyst Program, and a member of Greentown Labs Houston.

Get in touch at www.solidec.com.

ABOUT SOLIDEC
Solidec is the path to emission-free molecules, starting with hydrogen peroxide. Our breakthrough approach to chemical manufacturing replaces centralized infrastructure with modular, on-site production using only air, water, and electricity. Beyond hydrogen peroxide, Solidec modular reactors are capable of producing many widely used chemicals that together represent a pathway to abating over one gigaton of carbon emissions annually.

To learn more, visit www.solidec.com

ABOUT NCV
New Climate Ventures (NCV) is a venture capital firm investing in category-defining companies building our low-carbon future across industries. Based in Houston, Texas, the firm typically invests at the seed stage, with a focus on companies whose novel technologies position them to succeed via lowering costs, and without relying on subsidies or “green premiums.” NCV’s investments span the decarbonization spectrum, ranging from sustainable aviation fuels to bioplastics, from next-generation solar materials to grid analytics software.

MEDIA CONTACT
[email protected]

SOURCE Solidec

VANCOUVER, BC, July 30, 2025 — Yaletown Partners, a leading technology investment firm, is pleased to announce the first close of its latest venture capital fund, Innovation Growth Fund III (IGF III), at $100 million. The third and largest in the franchise, IGF III represents the eighth fund in Yaletown’s family of funds, and the first close of IGF III alone brings Yaletown’s total active funds under management to approximately $600 million.

IGF III continues Yaletown’s Intelligent Industry thesis, investing in the enablement layer—digital infrastructure technologies such as advanced analytics, edge computing, networking and physical AI. These technologies are foundational to the digital transformation of real-world sectors such as energy, manufacturing, logistics, agriculture, and transportation. The fund is designed to back companies driving productivity, resiliency, and sustainability in these strategic industries.

The fund’s first close brings together a coalition of returning and new institutional investors, including pension funds, financial institutions, government investment corporations, Indigenous groups, impact investors and family offices.

“We believe Yaletown’s approach to Intelligent Industry investing presents a compelling opportunity to generate strong returns while supporting Canada’s industrial transformation,” said Hanz Gin, Managing Director, BMO Capital Partners. “Yaletown’s track record of identifying and scaling companies at the forefront of industrial and technological transformation aligns with our commitment to backing high-performing businesses that are shaping the future of the Canadian economy.”

“Yaletown’s continued focus on scaling Canadian technology companies with strong export potential—particularly in sectors like artificial intelligence, digital transformation, and climate-resilient technologies—aligns closely with EDC’s focus on helping mid-market Canadian firms grow and compete globally,” said Lissa Bjerkelund, Vice-President, Investments and Mid-Market Lending at Export Development Canada. “We’re proud to support IGF III through this latest commitment, reinforcing a long-standing partnership and helping Canadian innovators deliver transformative solutions that open new trade corridors, boost productivity, and strengthen Canada’s global competitiveness.”

“We’re excited to deepen our relationship with Yaletown as they continue to advance high-impact technologies to benefit the entire ag and food ecosystem,” said Adam Smalley, Managing Director, Farm Credit Canada Capital. “IGF III is the kind of investment platform that generates ongoing innovation and productivity in agriculture, helping Canadian farmers and food processors continue delivering high-quality products to feed families across Canada and around the world.”

“InBC is pleased to support Yaletown again through our investment in IGF III – our first subsequent commitment in a venture fund,” said Heather Tanaka, Investment Principal at InBC. “Yaletown’s focus on the Intelligent Industry is advancing digital transformation and building future-ready industries across B.C. IGF II, which was one of InBC’s first commitments, has already backed a number of groundbreaking B.C. technology companies. We are excited for IGF III to continue this momentum scaling businesses driving innovation and economic growth in B.C.”

Yaletown’s proprietary Responsible Investment and Insights platforms remain core to its differentiated approach. These platforms support portfolio companies and provide limited partners with access to market intelligence, curated connections, and real-time insight into emerging technologies reshaping the real economy. With IGF III, the firm deepens its conviction that digital transformation is the most scalable lever for accelerating industrial competitiveness.

“We brought IGF III together in record time amidst one of the more complex funding environments in the last decade. We are deeply grateful to our IGF III investors for their confidence in our platform. Our conviction has never been stronger that investing in technologies enabling the digital transformation of asset heavy industries is the most scalable lever for accelerating industrial competitiveness and also positioned to deliver excellent returns,” said Salil Munjal, Managing General Partner at Yaletown.

About BMO Capital Partners

Established in 1998, BMO Capital Partners is a Canadian-based investor with $2.1 billion under management. Its evergreen investment program is built upon growth equity and venture capital funds, sub-debt, convertible debentures/notes, and minority equity. BMO Capital Partners invests across a broad range of industries to support companies in all stages of growth with acquisitions, buyouts, expansions, restructurings and growth capital. Learn more at www.bmo.com.

About Export Development Canada (EDC)

Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk and grow their business as they go from local to global. Together, EDC and Canadian companies are building a more prosperous, stronger and sustainable economy for all Canadians. Learn more at www.edc.ca or call us at 1-800-229-0575.

About Farm Credit Canada (FCC)

FCC is proud to be 100 per cent invested in Canadian agriculture and food. The organization’s employees are committed to the long-standing success of those who produce and process Canadian food. FCC provides flexible financing and capital solutions, while creating value through data, knowledge, relationships, and expertise. FCC offers a complement of financial and non-financial products and services designed to support the complex and evolving needs of the industry. As a commercial Crown corporation, FCC is a stable partner that reinvests profits back into the industry and communities it serves. Learn more at www.fcc.ca.

About InBC Investment Corp. (InBC)

InBC is a strategic investment fund established by the Province of British Columbia (B.C.) to invest in growing, innovative companies and venture funds. The fund is investing to generate financial returns alongside economic and social impacts for British Columbia. InBC’s investments are supporting long-term economic growth for communities across B.C. It is anchoring promising companies to continue growing and staying in the province, creating jobs and boosting innovation, including growing research and development and intellectual property in B.C. Learn more at www.inbcinvestment.ca

About Yaletown Partners

Founded in 2002, Yaletown Partners is an investment firm backing emerging growth technology companies transforming critical industrial sectors through digital infrastructure, AI, and automation. With over $600 million in active assets under management and offices across North America, Yaletown is a recognized leader in responsible innovation investing. Learn more at www.yaletown.com.

Contact:
Yumi Maihara
Marketing & Events Manager, Yaletown Partners Inc.
Email: [email protected]
Phone: 604.688.7807 Ext 2204

SOURCE Yaletown Partners Inc.

The healthtech company is already addressing care inconsistency at over 100 hospitals in the United States

NEW YORK, July 30, 2025 — C8 Health, the best practices implementation platform for healthcare, today announced a $12 million Series A funding round led by Team8, with participation from 10D and Vertex Ventures Israel. The round brings C8’s total funding to $18 million, including a $6 million Seed round led by Vertex Ventures Israel and 10D.

Care inconsistency has adverse effects on patient outcomes and accounts for $345 billion in annual waste in the US alone.  Even though care best practices may already be documented and stored, finding them and accessing them at the relevant time is not as straightforward. Siloed knowledge management repositories and varying data formats contribute to critical knowledge being overlooked or hard to find in high-stakes moments. The speed of adoption of new practices in medicine is extremely slow, taking 17 years for the average doctor to adopt a new standard of care. In addition, with close to 7% of physicians working Locum Tenens, over 1.5 million traveling nurses, and close to 40,000 residents starting their residency training every year, tools that integrate with site-specific rotation scheduling and local best practices are crucial for reducing time to efficiency for newer teams.

C8 Health bridges the gap between evidence and practice with the first unified platform that gives clinicians instant, contextual access to vetted, site-specific knowledge whenever and wherever they need it. Knowledge can be displayed based on a clinician’s schedule, role, and department. C8 Health helps hospitals monitor adherence to care standards and protocols through executive dashboards. It enables quality interventions and gives teams the tools to set care delivery goals and follow through on them consistently. Integrated with the entire gauntlet of hospital tools and accessible from mobile devices, desktops, or directly through the EMR, C8 ensures that every clinician, whether a nurse starting a night shift or a rotating physician entering a new hospital, has the right guidance at the right time.

“Healthcare organizations all struggle to provide real-time quality feedback to physicians, providers, and trainees in a user-friendly format that encourages utility and compliance,” says Dr. Brian Masel, Director of Anesthesia Quality and Chief of Pediatric Anesthesiology at The University of Texas Medical Branch. “C8 builds this seamlessly into their platform, which will have a profound impact on the way our caregivers utilize quality data to implement best practices. The days of administrators retrospectively utilizing quality data to try to drive change may very well become a thing of the past, as we can all now have ownership of our own performance on a daily basis”

C8 includes an AI assistant, enabling clinicians to ask natural-language questions and get accurate, contextual answers from their own institutions’ vetted knowledge base. Beyond the walls of a single institution, C8 users can access best practices from a growing global network of hospitals and clinical societies that contribute to the platform, giving clinicians insight not only into their own site’s protocols but also peer-reviewed approaches from leading institutions worldwide.

“It is exciting to see how we enable hospitals to implement their best practices effectively and gain control over both care quality and delivery costs,” said Galia Rosen Schwarz, CEO and co-founder of C8 Health. “This round will help us grow our team to support the needs and demand in the market. We already see how this approach is becoming the new standard, driving adherence to best practices across healthcare systems. Dartmouth Health is working with us to strengthen the connection between their main campus and member locations. Metro Health has seen substantial improvements in resources access and information retrieval as well as high clinician satisfaction. Having a single source of truth for such a broad range of clinical needs is proving invaluable.”

“C8 Health is addressing a real need for healthcare teams across virtually every hospital and specialty,” said Sarit Firon, Managing Partner at Team8. “The rapid adoption of their product and exceptional clinician engagement speak to the immense value of their solution. We strongly believe that C8 Health will play a pivotal role in shaping a better future for both physicians and their patients.”

The idea for C8 Health originated when Dr. Ido Zamberg, C8 Health’s co-founder and Chief Medical Officer, a medical doctor and software engineer, sought to address the challenge of inefficient access to clinical best practices at his hospital. What started as a departmental tool for the Neurology department quickly expanded hospital-wide and then to other hospitals across Switzerland. In 2022, he joined forces with Galia Rosen Schwarz, a seasoned business development executive and Tzach Klo, an experienced software engineer, to officially found C8 Health in the United States. C8 started with Anesthesia as its first vertical and from there expanded to more departments and now to system-wide deployments. Today, C8 is integrated by over 100 hospitals, achieving over 90% clinician adoption rates within 6 months of deployment.

CONTACT: Ariella Shoham, CMO, [email protected]

SOURCE C8 Health

Founded by veterans of Scale AI, Google and Stripe, Runloop is helping companies automate evaluation and get their AI coding agents deployed up to six months faster

SAN FRANCISCO, July 30, 2025 — Runloop, the only enterprise-grade infrastructure platform that enables the development, evaluation and scalable deployment of AI coding agents, announced today that it has raised a $7M seed round led by The General Partnership with participation from Blank Ventures. Runloop will use the funds to accelerate hiring and delivery on its product roadmap to leverage strong demand for its AI coding agent deployment and evaluation platform.

“AI coding agents are already widely used, but there’s a critical gap between prototypes and production,” said Dan Portillo, co-founder at The General Partnership. “Any company looking to deploy an autonomous AI coding agent needs a solution like Runloop. We think this approach will be ubiquitous among dev teams by the end of 2025.” This insight has already been proven out by the recent announcements of OpenAI Codex, Cursor background agents and Google Jules.

“AI coding agents are the future but they need developer tools that are distinct from those of human developers. Providing that richly tooled environment along with the evaluation mechanisms required for effective deployment is Runloop’s mission,” said Jonathan Wall, co-founder and CEO of Runloop. “We help AI coding agents get into production in a fraction of the time.”

Deploying AI coding agents in production is incredibly challenging. Runloop provides secure and isolated sandboxes (called Runloop devboxes) for developers to create, run and evaluate their models in. Runloop offers comprehensive tooling to support the overall developer experience with features like direct GitHub repository integration, snapshots and blueprints to ease every step when deploying agents.

Evaluating these AI coding agents has typically been a fragmented process that requires multiple tools. Many companies still do it manually. Runloop’s Public Benchmarks, provides organizations with on-demand access to industry-standard performance testing for AI coding agents. Benchmark results can be used internally for model improvement or shared to demonstrate model quality externally.

Runloop was founded by a group of developers from Stripe led by Wall, who recognized that the impending wave of AI coding agents would require scalable infrastructure and evaluation frameworks to ensure global use of coding agents are possible. Wall was previously co-founder of Google Wallet and brought tap-to-pay technology to daily use in the US. After leaving Google, he co-founded fintech startup Index which was then acquired by Stripe.

Runloop customer Dan Robinson, CEO of Detail.dev, said, “Runloop has been killer for our business. We couldn’t have gotten to market so quickly without it. Instead of burning months building infrastructure, we’ve been able to focus on what we’re passionate about: creating agents that crush tech debt. Obvious choice to bridge the infra gap between ‘cool demo that runs locally’ and an AI devtool that can scale. Runloop basically compressed our go-to-market timeline by six months.”

Headquartered in San Francisco, Runloop has a team of 12 and is growing quickly. Team members are from well-known companies such as Vercel, ScaleAI, Google and Stripe.

About Runloop
Runloop provides the only enterprise-grade infrastructure platform that enables the development, evaluation and scalable deployment of AI coding agents. Used by companies ranging from top model labs to startups, Runloop reduces time to deploy from months to hours allowing developers to focus on their agent, not infrastructure. Four out of five developers are already using AI coding tools but to get coding agents into production, developers need the end to end platform provided by Runloop. Learn more at runloop.ai.

Media contact:
Kerry Metzdorf
Big Swing
978-463-2575
[email protected]

SOURCE Runloop.ai

New funding made possible by KeyBank, National Bank of Canada and Canadian Imperial Bank of Commerce, the New York branch, will support BlueWave’s rapidly expanding business operations

BOSTON, July 30, 2025 — BlueWave, a leading solar and storage developer, owner, and operator in the Northeast U.S., today announced two new major financing milestones. With support from parent Axium Infrastructure, the company has secured both a $125 million revolving construction to term loan facility and a $122 million corporate revolving credit facility. As private companies take the reins on moving forward energy independence and resilience needs across the country, this funding will support the development and construction of distributed-generation community solar and storage projects that move the needle.

The $125 million revolving construction to term loan facility led by KeyBank and National Bank of Canada will provide construction debt, including tax equity bridge loans, and initial term debt via a revolving facility that will enable BlueWave to flexibly deploy its pipeline as projects enter construction.

In addition to the revolving construction to term loan facility, a corporate revolving credit facility for $122 million financed by KeyBank and Canadian Imperial Bank of Commerce, the New York branch, was also arranged to support the continued growth of BlueWave’s project development pipeline and provide additional flexibility in the company’s operations.

“These financial milestones reflect BlueWave’s ability to deliver results and push forward through a volatile market,” said Sean Finnerty, Chief Executive Officer. “The support of our financial partners enables us to scale innovative clean energy solutions that are resilient, inclusive and impactful.”

KeyBank remains a committed lending partner across both facilities, and Canadian Imperial Bank of Commerce, the New York branch, has increased its participation in BlueWave’s corporate facility. This latest financing milestone brings National Bank of Canada on board as a core financial partner, further strengthening BlueWave’s capital foundation to scale its impact-driven clean energy development.

“We’ve seen firsthand the growing need for reliable energy solutions, and our investment reflects our confidence in BlueWave’s strategy, team and ability to help make that a reality,” said Tyler Nielsen, KeyBanc Capital Markets’ Managing Director. “We’re proud to support a company that is not only advancing the clean energy transition but doing so with a clear commitment to communities.”

BlueWave was advised by Norton Rose Fulbright and Foley Hoag LLP on the construction facility and King & Spalding LLP on the corporate facility.

KeyBank and National Bank of Canada were advised by Winston & Strawn LLP on the construction facility. KeyBank and Canadian Imperial Bank of Commerce were advised by Latham & Watkins LLP on the corporate facility.

About BlueWave

BlueWave’s mission is to protect our planet by transforming access to renewable energy. As a pioneering renewable energy company that develops and owns solar and battery storage projects, BlueWave has a long track record of success and is developing several gigawatts of solar and battery storage projects throughout the United States to ensure our grid is reliable and efficient in a clean energy future.

BlueWave is proud to be a certified B Corp, recognized by B Labs as “Best for the World” in Governance and was awarded Member Company of the Year by the Solar Energy Business Association of New England. 

To learn more about BlueWave, visit bluewave.energy.

About Axium Infrastructure Inc.:

Axium Infrastructure (comprised of Axium Infrastructure Inc. and its affiliated entities) is an independent portfolio management firm dedicated to generating long-term investment returns through investing in core infrastructure assets. Axium Infrastructure had approximately US$8.9 billion in assets under management as of March 31, 2025, as well as approximately US$1.5 billion in co-investments. With offices in Montreal, Toronto, Vancouver, New York, and London, the firm benefits from the capabilities of a group of specialists with decades of experience acquiring, developing, financing, operating, and managing infrastructure assets. Focus is placed on assets that are supported by robust market demand and under long-term contract with creditworthy counterparties. Since 2010, the firm has invested in a diversified portfolio of over 270 infrastructure assets.

For further information, including information about other infrastructure assets the firm has invested in, please visit www.axiuminfra.com. This release is for informational purposes only and does not constitute an offer or solicitation to buy securities of any entity.

SOURCE BlueWave

Company triples revenue and doubles enterprise customer base by enabling developers to troubleshoot faster, at drastically lower cost

SAN MATEO, Calif., July 30, 2025 — Observe Inc., the AI-powered observability company, today announced it has closed $156 million in a Series C funding round led by Sutter Hill Ventures with participation from Madrona Ventures, Alumni Ventures, Snowflake Ventures and Capital One Ventures.

Over the past year, Observe has tripled its revenue and doubled its enterprise customer base, achieving an industry-leading net revenue retention of 180%. During this time, monthly active users have also tripled as the platform processed over 150 petabytes of telemetry data. Observe has experienced rapid adoption by large enterprises and modern SaaS and AI-native companies, as they seek to replace traditional tools like Splunk, Datadog, and Elasticsearch due to rising costs and increasing complexity at scale. Its modern architecture combines a cost-effective data lake with a powerful knowledge graph and AI-driven workflows, enabling developers to troubleshoot faster and more affordably.

“During a period of explosive growth at Tekion, we realized our existing observability tools weren’t going to scale with us. We had tried major commercial and open-source tools, but both resulted in escalating costs and constant tuning efforts that drained engineering resources. Observe gave us a cost-effective unified platform for logs, metrics, and traces, with the ability to correlate across all of them. That visibility has been critical to maintaining service reliability while scaling aggressively,” said Binu Mathew, CTO at Tekion. “More than a vendor, Observe has been a trusted partner, consistently helping us evolve our observability strategy to keep pace with our growth.”

Observe’s growth is driven by three trends:

1. The data lake is now home base, and enterprises are moving their telemetry data to the lake for scalability and cost-efficiency.
2. Context is the new bottleneck. In modern, distributed environments, collecting data isn’t the challenge; connecting it is.
3. AI is changing the troubleshooting workflow, helping teams diagnose and fix root causes faster.

“Observe is transforming how we approach software observability at Topgolf and Toptracer. The game changers have been the cost-efficient ingestion and the ability to tie telemetry data to a resource model that reflects our architecture,” said Dennis Bragfeldt, Chief Architect at Topgolf. “Observe takes pride in their technology foundation, and rightfully so.”

Observe’s platform consists of three core components:

• O11y Data Lake^™: A highly scalable, low-cost data lake optimized for observability that streams logs, metrics, traces, and events in real-time, using open standards like OpenTelemetry and Apache Iceberg.
• O11y Knowledge Graph^™: A real-time contextual model of the user’s entire system, mapping services, resources, users, incidents, and deployments.
• O11y AI SRE^™: Agentic AI that doesn’t just detect issues, but starts with generating better instrumentation, assisting complex troubleshooting and closing the loop.

“Our customers rely on us to unify data from hundreds of sources, which demands a highly scalable and efficient infrastructure. Observe’s data lake-based architecture allows us to scale observability much more easily and cost-effectively than traditional solutions”, said Andrew Katz, CTO & Co-Founder at mParticle.

“Observe was the only platform that could cost-effectively handle the scale and complexity of our log aggregation needs. At Dialpad, tracking call performance across our infrastructure is essential for delivering a seamless and reliable communications experience,” said Max Wardell, Sr. Engineering Manager at Dialpad. “With Observe, we can now correlate all aspects of a call in one view, allowing our teams to troubleshoot issues up to 30% faster.”   

“Observe gives us the visibility we need across our cloud environment, helping to reduce our mean time to resolution and operational costs, while enabling our security and infrastructure teams to stay ahead of potential issues,” said Oscar Papel, CISO at Truveta.

“System resilience begins and ends with full-stack observability. It is foundational for AI, provides visibility into resource utilization and is part of the magic of powering personalized customer experiences,” said Sean Leach, Partner, Capital One Ventures. “Observe is executing on a bold vision for modern observability, and we’re continuing to invest to fuel their growth as they meet demand.”

“Observe understood from the start that AI is only as powerful as the data behind it,” said Harsha Kapre, Director, Snowflake Ventures. “As AI reshapes the future of software development, Observe is uniquely positioned to help enterprises build more reliable agents and applications while containing costs at scale. This investment deepens our partnership and underscores our belief in their long-term vision.”

With this Series C funding, Observe will continue investing in product development, AI innovation, and global hiring. As enterprises adapt to a new world where every system, service, and agent generates actionable data, Observe is emerging as the leader in AI-powered observability at cloud scale.

About Observe, Inc. 
Headquartered in San Mateo, Calif., Observe Inc. delivers modern AI-powered observability at scale. Built on an open data lake with a proprietary Knowledge Graph and AI SRE, Observe enables users to troubleshoot faster at drastically lower cost. For more information, visit www.observeinc.com

Media Contact
Bateman Agency for Observe
[email protected]

SOURCE Observe, Inc.

Thomas Tull’s USIT leads round to support Oxide’s mission to modernize enterprise infrastructure with integrated hardware and software

EMERYVILLE, Calif., July 30, 2025 — Oxide Computer Company, the on-prem cloud computing company, today announced it has raised a $100 million Series B financing round led by Thomas Tull’s US Innovative Technology Fund (USIT), with participation from all existing investors.

The funding more than doubles Oxide’s capital raised to date and will enable the company to scale manufacturing, expand customer support, and accelerate roadmap delivery — answering customer demand for a modern, integrated, on-premises alternative to public cloud.

“This round gives us the ability to scale confidently and sustainably in step with accelerating customer growth,” said Steve Tuck, CEO and co-founder of Oxide. “Our customers want the agility of the public cloud without giving up control, and they want to know their infrastructure partner is built to last. With this raise, we’re deepening our commitment to delivering a long-term solution that meets those needs head-on.”

Over the past two decades, the computing industry has undergone a dramatic transformation — but only inside the datacenters of the cloud hyperscalers. That innovation has remained largely inaccessible to enterprises running IT infrastructure on-premises. Oxide was founded to change that: delivering the first unified product that brings the cloud’s developer experience and operational efficiency to environments that demand more control.  Oxide’s integrated rack-scale system is built from the ground up to deliver cloud computing capabilities, such as API-driven infrastructure, elastic storage, and seamless updates, in environments where public cloud isn’t viable or optimal.

“From the outset, we knew that delivering the cloud experience on-prem required more than mere integration — it demanded first-principles thinking and hardware/software co-design,” said Bryan Cantrill, CTO and co-founder of Oxide. “We rethought the entire stack, from the physical computer itself and its lowest levels of firmware through the hypervisor, control plane and programmable switch – and designed a unified system that eliminates the complexity, fragmentation, and vendor finger-pointing that enterprises have long had to endure. Our approach is fundamentally different – and our customers are experiencing the benefits of end-to-end security, power efficiency, and operational agility.”

“Compute infrastructure stands at a major inflection point, with many organizations being forced to rethink the viability of outsourcing such a critical part of their value chain to public clouds,” said Gaetano Crupi, Managing Director at USIT. “Oxide has met the moment, delivering the first truly integrated, cloud-capable infra solution that can be fully owned by the customer, and addresses the needs of modern workloads by optimizing performance, security, and cost efficiency. We are proud to support Oxide as they help usher the U.S. into a new age of compute infrastructure.”

“What Oxide has accomplished is incredibly rare: the company took a contrarian, high-conviction bet on solving one of the most complex infrastructure problems in the industry — and they were right,” said Seth Winterroth, Partner at Eclipse. “Oxide has spent years building in obscurity with deep technical rigor, assembling a team singularly committed to the mission. Now, as the market converges on their vision, it’s clear that their moat is the difficulty of what they’ve achieved. This is a company with the talent, culture, and clarity of purpose to build something enduring — and we’re just getting started.”

To learn more about Oxide and its products, visit https://oxide.computer.

About Oxide
Oxide Computer Company designs and delivers unified hardware and software to deliver hyperscaler-class efficiency, performance, and ease of use on-premises for enhanced security, latency, and control. Founded in 2019 and based in Emeryville, California, Oxide is backed by leading investors and trusted by enterprise customers across industries.

Media Contact:
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SOURCE Oxide

SAN FRANCISCO, July 30, 2025 — Emulait, the science-led infant feeding brand redefining how families nourish their babies, announced a $3 million strategic media-for-equity investment from Mercurius Media Capital (MMC), a media-for-equity venture fund that provides high-impact advertising inventory in exchange for equity stakes in fast-growing consumer brands.

The partnership will accelerate Emulait’s brand awareness and market reach across the United States, enabling the company to scale its message to a broader audience of new parents and caregivers. Through this media-for-equity structure, Emulait will receive $3 million in premium advertising inventory across national broadcast, digital, and out-of-home platforms.

By tapping into MMC’s deep media expertise and network of strategic partners – including Sinclair Broadcast Group, TelevisaUnivision, Atmosphere TV, National CineMedia, and Willow TV – Emulait will expand visibility, educate consumers on its innovative feeding system, and drive large-scale customer acquisition.

“We’re thrilled to partner with MMC to amplify Emulait’s brand awareness and reach more households across the U.S. This collaboration will help us scale our media marketing efforts and connect with even more families seeking the healthiest and closest to breast, feeding solutions,” said Shilo Ben Zeev, CEO of Emulait.

“Emulait is solving a real need in a $3B+ category that’s seen little true innovation in over 5 decades,” said Piyush Puri, Founding Partner at Mercurius Media Capital. “It’s a product that speaks directly to first-time parents, and we’re excited to help scale it into a household name.”

About Emulait
Emulait is a science-driven infant feeding brand transforming how families nourish their babies. Its flagship Emulait Bottle™ mimics the breast’s look, feel, and flow to ease transitions, soothe babies, and support healthy development. Guided by experts, Emulait also offers smart warmers, feeding accessories, and an app to help parents track feeding routines effortlessly.

Learn more at www.emulait.com.

About Mercurius Media Capital LP
Mercurius Media Capital LP is a U.S.-based media-for-equity venture fund launched in December 2023 that has $87.5 million in committed capital. Co-founded by Satyan Gajwani and Piyush Puri, Mercurius builds on their 15+ years of experience in media capital transactions. Through these media-for-equity transactions, Mercurius has invested in companies such as Deskera (B2B SaaS ERP), Edly (alternative student financing), Captain Experiences (outdoor experiences marketplace), Airtasker (local services marketplace), Storybook (wellness platform for kids) and more

This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any security. Investments in MMC are available only to verified accredited investors. Forward–looking statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Past performance is not indicative of future results.

SOURCE Mercurius Media Capital