Series B led by Touring Capital will propel Wingspan’s mission to make flexible work effortless; launch of Wingspan Embed brings comprehensive contractor management to HR platforms

NEW YORK, July 29, 2025 — Wingspan, the first modern payroll platform purpose-built for contractor management, announced that it has raised $24 million in Series B funding led by Touring Capital, bringing its total capital raised to $54 million. Existing investors Andreessen Horowitz, Long Journey Ventures, Distributed Ventures, Company Ventures, and 186 Ventures also participated.

Wingspan is on a mission to make contract work effortless for everyone. In less than three years, the company expanded its customer base by 200%, increased average ACV by 5x, supported 12x more contractors, and processed $3B+ in payments. Wingspan’s rapid adoption across various industries signals that businesses are urgently seeking infrastructure to manage this workforce transformation.

“From day one, we knew the real problem existed at the intersection of company and contractor. We strategically started by building for freelancers—learning their pain points around income, benefits, and taxes—then leveraged those insights to create the comprehensive platform that businesses desperately need. We’ve now completed the circle with the only solution that truly works for both sides,” said Anthony Mironov, Co-founder and CEO of Wingspan. “The workforce composition is changing, and platforms that plan for this shift now will be well-positioned for the long haul.”

Roughly 40% of U.S. workers have performed contract work in the last year, and businesses increasingly rely on contingent labor to scale efficiently. More than $1.4 trillion dollars is paid out to contractors annually, or 4% of GDP, across an estimated 74 million contractors, per MBO Partners. In many ways, contractors are the backbone of the U.S. economy. By 2027, half of American workers are projected to earn some income from independent contracting, marking one of the most significant shifts in modern employment composition.

Wingspan is utilized by a range of contractors, from Omni’s gig workers to CRU Group’s insurance adjusters. Teladoc Health, Inc. (NYSE: TDOC) leverages Wingspan to provide its 10,000 healthcare providers with a seamless payment experience, saving the company an average of 28 hours per month on payment processing.

“Working with Wingspan has completely transformed the way Teladoc manages 1099 Provider Payroll,” said Tricia McGimpsey, VP, Payroll at Teladoc Health. “It’s an incredibly seamless process now.”

In addition to its Series B raise, Wingspan is announcing Wingspan Embed, a new solution that enables HR platforms to transform the way they manage and support contractors. The comprehensive feature set goes beyond contractor onboarding, tax automation, and payments to elevate the contractor experience with value-added financial services including tax withholding, debit cards, instant payouts, and insurance. Wingspan Embed’s modular and embeddable API-first architecture plugs directly into any HR platform; partners can choose from a white labeled solution, modular pre-built UI components, or a deeper, native integration. With Wingspan Embed, HR platforms become the central hub for managing a modern, flexible workforce.

“Wingspan Embed fundamentally changes what HR platforms can offer their customers. Instead of forcing businesses to juggle multiple systems, they can now manage their entire contingent workforce where they already work,” continued Mironov. “This funding accelerates our ability to help HR platforms unlock new revenue streams, reduce customer churn, and handle compliance complexities that have held them back from serving the contractor economy.”

The funding will accelerate Wingspan Embed’s adoption across HCM and HR platforms while expanding the company’s footprint in key verticals—healthcare, insurance, staffing, and professional services—where flexible workforces dominate. Wingspan will continue to invest in its world-class team while launching AI-powered products that apply the latest advances in AI technology to automate contractor compliance, streamline payments, and solve the complex challenges of managing flexible workforces at scale in ways that were never possible before.

“Wingspan is a scalable, intuitive product solving a critical market need, led by a visionary founding team,” said Priya Saiprasad, General Partner at Touring Capital. “The company’s extraordinary growth and rapid adoption by prominent HR platforms gave us the conviction to lead this funding round. We are proud to support Anthony, Greg, and the entire Wingspan team as they continue to modernize the infrastructure for contract work.”

“Wingspan cracked the code on making flexible work work—for platforms and the businesses they serve. Every platform will need a contractor stack—the smart ones will embed Wingspan,” said David Ulevitch, General Partner at Andreessen Horowitz.

To learn more about Wingspan Embed, visit https://www.wingspan.app/wingspan-embed.

About Wingspan
With 12x growth in contractors served and over $3B in total payments made in the past 3 years, Wingspan is on a mission to make flexible work effortless. As the first payroll platform for independent contractors, Wingspan provides platforms and their customers with the tools to efficiently and effectively manage contractors at scale – ensuring timely payments, access to optional insurance products and simplified onboarding. Wingspan was founded by Anthony Mironov and Greg Franczyk, whose backgrounds in financial services, small business payroll and benefits, and platform engineering gave them the tools to reinvent how companies support the way people work now. Learn more at https://www.wingspan.app/.

SOURCE Wingspan

SALMON ARM, BC, July 29, 2025 – 4AG Robotics, the global pioneer in fully autonomous mushroom harvesting, today announced the close of its $40 million CAD Series B financing, led by Astanor and Cibus Capital, with support from new investor Voyager Capital and existing investors InBC, Emmertech, BDC Industrial Innovation Fund, Jim Richardson Family Office, Stray Dog Capital and Seraph Group. This round follows a $17.5 million round in 2023, bringing total capital raised to $57.5 million in the past two years.

The funding positions 4AG to meet surging global demand for its robotic harvesting platform, already in use across Canada, Ireland, and Australia, with new deployments soon to be underway in the Netherlands and the United States.

“This funding helps us leap from a start-up proving our product works to a scale-up manufacturer trying to keep pace with demand,” said Sean O’Connor, CEO of 4AG Robotics. “In just two and a half years, we’ve gone from asking farms to trial our technology to having deposits for over 40 additional robots. As one of the first companies to fully automate the human hand in produce harvesting, we’re ushering in a new era for mushroom farming.”

4AG’s system uses AI-powered computer vision, precision suction grippers, and advanced motion control to autonomously harvest, trim, and pack mushrooms 24/7—without manual labor. Designed to retrofit into existing Dutch-rack infrastructure, the robots enable consistent quality, reduced labour costs, and real-time operational data for growers.

“What sets us apart is we are not just a theoretical robotics project that works in a controlled lab environment—it’s the real world experience and the systems thinking that is critical to working with the complexity of real farm environments, and being able to deliver commercially successful automation into those environments” said Chris Payne, COO of 4AG Robotics.

The investment marks Astanor’s entry as a major partner to 4AG Robotics.

“We believe that, of all the agricultural sectors, mushrooms are the most poised for robotic solutions—and we believe that 4AG is not only the clear global leader today, but also has the potential, thanks to AI advances and their rich image data, to drive up yields and reduce inputs across the industry.  4AG could be at the forefront of the transformation of agriculture through AI and robotics,” said Harry Briggs, Partner at Astanor Ventures.

Cibus Capital, a leading agri-food tech investor based in the UK, also joined the round to support 4AG’s continued expansion into Europe and beyond.

“We are very excited to partner with 4AG, the global leader in agricultural harvesting robotics. Mushroom farming presents an enormous opportunity to utilise robotics and AI to drive labour optimisation together with higher yields and improved quality,” said Archie Burgess, Investment Director at Cibus Capital. “The impressive 4AG team has already developed a fleet of robots that pick up to 1 million mushrooms per week. We look forward to supporting them in accelerating this trajectory.”

The global mushroom sector—expected to surpass $70 billion by 2030—continues to face labour shortages and margin pressure. In western markets, harvesting accounts for up to 50% of production costs. These challenges are amplified by the constant need of harvesting, with mushrooms doubling in size every 24 hours, and farms needing to harvest their crops everyday of the year. 4AG’s plug-and-play robotic fleet offers growers a path to long-term competitiveness without reconfiguring their entire operation.

“We’re not just building robots—we’re building a new operating system for the mushroom industry,” said Michelle Lim, VP of Growth at 4AG Robotics. “Growers want tech that works out of the box, delivers ROI in under three years, and scales globally. That’s what we’ve built. And this funding gives us the fuel to move even faster.”

With this capital, 4AG Robotics will:

• Expand its manufacturing footprint in Salmon Arm, BC
• Grow its field service and customer success teams
• Accelerate development of next-gen features like punnet packing, disease detection, and AI-driven yield optimization

About Astanor
Astanor is a leading impact investor transforming the agrifood sector, “from soil to gut” by backing ambitious entrepreneurs building scalable solutions for a regenerative, climate-positive future. Learn more at https://astanor.com/

About Cibus Capital
Cibus Capital is a London-based sustainable food and agriculture investment firm advising over USD 1 billion. Founded in 2016, the Cibus funds invest in companies transforming the food and agriculture value chain towards commercial viability, sustainability and resilience. Learn more at https://www.cibusfund.com/

About 4AG Robotics
4AG Robotics builds fully autonomous harvesting systems that replace manual labour in commercial mushroom farms. Its AI-powered robots pick, trim, and pack mushrooms directly from existing infrastructure—around the clock, with precision and consistency. Founded in Salmon Arm, British Columbia, 4AG is active across five countries and backed by leading global investors. Learn more at http://www.4ag.ai .

SOURCE 4AG Robotics

Investment validates Reach’s domain-specific AI approach for exposure management; new ConfigIQ Drift™ module enables customers to define and detect drift across SaaS and On-prem environments.

SAN FRANCISCO, July 29, 2025 — Reach Security, the AI-powered assistant for operationalizing security controls across the enterprise turning intent into enforcement and helping organizations fix what matters across SaaS and on-prem environments, today announced a $10 million strategic investment from M12, Microsoft’s Venture Fund, and existing investors including Artisanal Ventures. The investment highlights M12’s belief in domain-specific AI as a transformative force in cybersecurity and underscores Reach’s leadership in enabling AI-powered exposure management.

As part of the announcement, Reach introduced ConfigIQ Drift™, a virtual assistant that allows security teams to define and enforce configuration drift detection without the need for deep configuration expertise or code skills. The company also previewed its upcoming Asset Intelligence capability, which will bring full-context visibility across identities, devices, and workloads to further enhance prioritization and remediation workflows.

Why M12, Microsoft’s Venture Fund Invested
M12’s investment reflects growing momentum in the exposure management category, with a focus on how virtual security assistants can drive adoption of security capabilities and automation in drift detection, policy enforcement, and remediation. M12 identified Reach’s unique combination of domain-specific language models (DSLM), operational automation, and real-world traction as key differentiators.

“Reach is redefining what actionable exposure management looks like,” said Todd Graham, Managing Partner at M12. “Their AI-powered assistant and extensible platform align directly with the needs of enterprise customers adopting Zero Trust, navigating compliance frameworks like CMMC, and helping customers migrate to or even activate underused capabilities in Microsoft 365 E5.”

Introducing ConfigIQ Drift™: A Virtual Assistant for Security Configuration
Reach launched its first drift capability three months ago. Today’s release of ConfigIQ Drift™ expands that foundation with a capability enabling customers to write their own drift detection rules. This makes it easy to define a baseline or “gold image” of intended configurations specifying exactly what to monitor for drift. For the first time, customers can now detect deviations across both SaaS and on-prem security products from a single, centralized location.

“Security teams aren’t just overwhelmed, they’re under-leveraged,” said Garrett Hamilton, CEO and Co-founder of Reach Security. “This partnership with M12 validates our belief that the next generation of cyber defense will be AI-powered, assistant-driven, plus deeply operational and focused on creating leverage for companies and their security tools. We’re building the infrastructure for that future today.”

Use Case Highlights: Zero Trust, CMMC, and Microsoft E3 to E5 Optimization
Reach is enabling real progress across a wide spectrum of high-priority security initiatives:

• Zero Trust: Aligning enforcement with ZT principles across identity, email, endpoint, and network controls
• CMMC 2.0: Mapping controls to live configurations and detecting drift in real time
• E3 to E5 Optimization: Helping organizations unlock the full value of Microsoft 365 by:
  • Mapping current posture and identifying gaps
  • Accelerating feature deployment through guided config generation
  • Monitoring for drift post-activation
  • Sustaining ROI with ongoing validation and insights

“Zero Trust is more than a framework, it’s a shift in how we operationalize protection,” said Jay Wilson, CISO at Insurity. “Reach is making it possible for us to move from planning to execution faster than we thought possible.”

Looking Ahead: Asset Intelligence and Adaptive Enforcement
Reach also previewed its upcoming Asset Intelligence capability. This will provide continuous insight into the security relevance, control coverage, and posture history of each identity, device, and workload. By combining that context with natural language rule authoring, Reach aims to deliver truly adaptive, assistant-driven enforcement.

Industry Recognition

Gartner® recently noted the importance of automation in exposure management:

“To combat the speed at which attackers exploit vulnerabilities, there will be a shift toward end-to-end automation of exposure management, including: continuous discovery, assessment, prioritization, validation and remediation of exposures.”
—Gartner, Emerging Tech: The Future of Exposure Management is Preemptive, by Elizabeth Kim, Apoorva Chhabra, 25 June 2025

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

SOURCE Reach Security

Funding led by Vertex Israel brings total raised to $20M, driven by rapid customer growth and strong demand for open source curation.

TEL AVIV, Israel, July 29, 2025 — Seal Security, a leading provider of application security solutions specializing in automatic curation of vulnerability-free open source components, today announced it has raised $13 million in Series A funding.

Seal’s platform addresses a critical market need to secure software supply chains and eliminate open source vulnerabilities. It provides production-ready patches that protect every layer of the software stack, from application dependencies and operating systems to container base images, without requiring version upgrades or complex migrations. Seal helps organizations keep their current environments secure and ensure future deployments are protected from the start.

Seal Security’s customer base has grown significantly, accompanied by substantial growth in ARR. To support this rapid expansion, the company has more than doubled its headcount over the past year.

“Modern development moves faster than ever, and traditional AppSec solutions can’t keep up,” said Itamar Sher, CEO of Seal Security. “At Seal, we believe the security of the code we build should be accelerated by LLMs, rather than having it exponentially grow our vulnerability backlog. This investment, along with the increased customer demand, validates the demand for our patching-first approach, empowering teams to automatically fix vulnerabilities, maintain compliance, and deliver secure software without altering their workflow.”

Organizations leveraging Seal Security achieve immediate, ongoing value by resolving critical vulnerabilities within hours or even minutes, significantly reducing security risks. Seal also commits to an industry-leading 72-hour CVE remediation SLA.

Seal Security replaces previously complex and intrusive solutions, directly tackling core challenges faced by Application Security, DevOps, DevSecOps, and IT teams, including vulnerability backlogs, dependency hell, legacy codebases, and rapid AI-driven development. Seal ensures secure deployment while maintaining compliance with standards such as PCI DSS, FedRAMP, DORA, CRA, NYDFS, and more.

The Series A round was led by Vertex Israel, with participation from More Investments, SBI Group, and CCL, bringing total funding to $20 million. This announcement follows a year of exceptional growth and continuous product innovation. The funding will enhance Seal Security’s go-to-market efforts and accelerate expansion of its core platform.

“Seal is emerging as the de facto remediation layer for open source and container environments, in a market that’s rapidly shifting from passive detection to automated, scalable remediation,” said Tami Bronner, General Partner, Vertex Ventures Israel. “Leading global cyber companies and highly regulated enterprises are already relying on Seal to eliminate vulnerability backlogs, maintain compliance, and secure even legacy systems without code rewrites or production disruptions. CISOs aren’t just adopting Seal; they’re embedding it into their core AppSec strategy. Seeing the depth of customer impact and the team’s ability to execute at scale, we’re proud to deepen our partnership. Seal isn’t just meeting the need, it’s shaping the future of secure software delivery.”

For more information, please contact: [email protected]

SOURCE Seal Security

Led by Insight Partners with participation from Andreessen Horowitz, funding will accelerate development of the widely adopted AI security testing solution

SAN FRANCISCO, July 29, 2025 — Promptfoo, the widely adopted open‑source framework for AI red‑teaming and security testing, today announced an $18.4 million Series A financing led by global software investor Insight Partners, with participation from existing investor Andreessen Horowitz.

Founded in 2024, Promptfoo is steadily gaining recognition as an emerging standard for robust AI security testing, with over 100,000 developers using its open source tools and adoption by more than 30 Fortune 500 companies. The platform helps developers and security teams secure large language models (LLMs) and generative AI applications by detecting and mitigating risks like prompt injection, data leakage, and insecure tool use. Its commercial enterprise solution, launched just a year ago, is trusted by leading retailers, telecoms, and financial institutions to securely deploy AI systems.

The funding comes at a critical point for enterprise AI adoption. As companies move beyond proof-of-concepts to production deployments, the complexity and risk profile of AI systems has grown exponentially.

“AI security has become the largest blocker to enterprises shipping generative AI applications to end users,” said Ian Webster, CEO and co-founder of Promptfoo. “Architectures like RAG, agents, and most recently MCP have expanded what’s possible with AI, but they’ve dramatically increased the attack surface.”

Promptfoo’s platform stands apart as one of the only AI-security solutions that closes the loop from discovery to resolution. It embeds automated red-team tests directly into the build and release process, pairs findings with clear, actionable remediation guidance, and feeds results into existing vulnerability-management workflows. This end-to-end automation—spanning attack objective generation, exploit search, and regression testing—gives security and engineering teams a single, continuous workflow for hardening today’s complex agentic systems, establishing Promptfoo as a leading choice for organizations aiming to deploy AI securely at scale.

“Promptfoo has created what we believe to be a category-defining product,” said Ganesh Bell, Managing Director at Insight Partners. “The layers of The Next Stack built around AI are clearly emerging beyond LLMs, and Promptfoo is a critical part of that evolution—especially in the race to enable intelligence-first design and secure Enterprise AI. Serious enterprises deploying AI will need comprehensive security testing, and Promptfoo’s combination of technical depth, open source adoption, and enterprise traction positions them perfectly to capture this massive market opportunity. We’re thrilled to partner with them as they help build the full AI security suite.”

The funding will fuel Promptfoo’s expansion as it moves to establish the industry standard for enterprise AI security. The company will scale its team and accelerate platform development to meet demand from Global 2000 companies seeking comprehensive solutions to secure their AI deployments.

“When we first invested in Promptfoo, we recognized that AI security would become mission-critical for every enterprise,” said Zane Lackey, General Partner at Andreessen Horowitz. “In just one year, they’ve validated that thesis and then some. This additional investment reflects our conviction that they’ll define how companies approach AI security for years to come.”

About Promptfoo

Promptfoo is the most widely adopted open source AI security testing platform, enabling enterprises to identify and remediate vulnerabilities in their AI systems before deployment. Founded in 2024, the company’s tools are used by over 100,000 developers worldwide, while its enterprise platform secures AI applications for Fortune 500 companies across retail, telecommunications, finance, and media. Learn more at [Promptfoo.dev].

About Insight Partners

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

SOURCE Promptfoo

BIRMINGHAM, Ala., July 29, 2025 — Porter Capital is pleased to announce a newly funded $2MM receivables-based financing facility for a leading nationwide provider of technology deployment, repair, and logistics. With operations spanning across the U.S., this company supports mission-critical technology rollouts for enterprise clients. The relationship is expected to grow as the company accelerates client deployments and scales its operations nationwide.

The company turned to Porter Capital for a flexible working capital solution that could meet their operational demands. As a company that delivers custom deployment and infrastructure solutions for Fortune 500 clients, they needed immediate access to additional capital to support a large client billing on net 60 payment terms.

“From day one, the Porter team was responsive and helpful,” said the company’s CFO. “Their ability to move quickly and tailor a financing structure to our business needs was a major factor in selecting them as a partner. The process was smooth, transparent, and effective.”

“This is exactly the type of business we’re built to support,” said John Cox Miller, SVP, National Sales at Porter Capital. “This company is solving major challenges in the tech deployment space, and we’re proud to provide the working capital they need to keep moving fast to serve their clients.”

This partnership is another example of how Porter Capital delivers personalized, high-impact financing solutions for companies in growth mode. Whether supporting field service operations, contractors, or logistics firms, Porter moves with speed and precision to unlock capital when it’s needed most.

About Porter Capital
Porter Capital Corporation was founded in 1991 by brothers Marc and Donald Porter in Birmingham, AL. The company provides working capital solutions to businesses nationwide across various industries. As a direct lender and factoring company, Porter Capital has funded billions since its inception. It offers Invoice Factoring services backed by a dedicated team committed to speed, flexibility, and service. Over the years, Porter Capital has expanded its services to include a specialized transportation division known as Porter Freight Funding. Porter continues to grow by offering fast, personalized working capital solutions backed by dedicated customer service. To learn more about Porter Capital Corporation and how it can support your business, call (205) 445-9445, email [email protected], or visit www.portercap.com.

CONTACT:
Ian Binek
[email protected]

SOURCE Porter Capital

With support from Wing, Norwest and S Capital, Lumana transforms passive security cameras into intelligent systems that can see, understand and act in real-time

LOS GATOS, Calif., July 29, 2025 — Lumana, the leader in AI video security solutions, today announced that it closed $40 million in Series A funding led by Wing Venture Capital with support from existing investors Norwest and S Capital. This latest round brings the total funding raised to $64 million. The funding will accelerate Lumana’s go-to-market activities and fuel continued product innovation across its video intelligence platform, which uses vision language models (VLM) and agentic AI to transform any camera into an intelligent real-time monitoring, detection and response system.

“Lumana isn’t just another video security company. We are infusing AI into video in a way that not only transforms how organizations manage physical security, but also enhances safety and operational efficiency – all from a single platform,” said Sagi Ben Moshe, Lumana’s CEO and founder. “We’re building the infrastructure for cameras to perceive, understand context and take action in real-time – from detecting and responding to threats to uncovering safety and operational issues. This investment is a milestone in our mission, enabling us to accelerate growth to meet demand and provide our wide array of customers with physical world AI capabilities that are unmatched in the market today.”

From Static Cameras to Context-Aware, Intelligent Tools: Unlocking New Value from Video

Organizations are rapidly shifting from monitoring security camera infrastructure to AI-powered solutions that extract meaningful and proactive insights from existing camera feeds. The global market for AI in video surveillance is expected to more than double to $14.6 billion in the next four years; while use of the technology for video analytics is projected to more than triple, reaching $69 billion by 2028.

As companies grapple with staffing shortages, rising safety concerns and operational complexity, Lumana is helping them unlock more value from their existing infrastructure – turning passive cameras into intelligent, context-aware tools.

“Lumana is at the forefront of the AI video movement, enabling cameras to truly perceive the physical environment and deliver actionable insights in real-time,” said Peter Wagner, founding partner at Wing Venture Capital, who will join Lumana’s Board of Directors. “The company’s powerful platform converts ordinary video security infrastructure into a proactive, continually learning solution that enables users to scale security, safety and operational decision-making with a level of intelligence we’ve never seen in the industry before. I’m excited to work with Sagi and the team as they shape the future of video security and redefine how people and machines collaborate at scale.”

Comprehensive AI Across the Video Security Experience

Lumana’s platform integrates AI across the full video workflow and currently runs analytics on over a billion images a day, enabling behavior-based event detection, rapid investigations and operational insight generation. Users can centrally manage thousands of cameras and sites, receiving intelligent alerts and analytics tied to specific behaviors and objects, and search millions of hours of footage in seconds.

Recent feature enhancements include:

• AI agents that function as dedicated assistants for security, identification, tracking, status, safety and compliance, and integration with third-party systems.
• New alerts for various actions, including weapons, fire, falls, violence, protective gear, absence of people and vehicles, and more.
• Customizable dashboards that translate video footage into actionable, impactful insights.
• Investigative tools offering more than 100 search attributes, 10x to 15x more than existing video security systems.
• Event tag, a feature that allows Lumana to integrate with external systems to index footage for future investigations and trigger alerts based on third-party data.

Diverse Customers Benefiting from Lumana

Since emerging from stealth in April 2024, Lumana has gained traction across diverse sectors, including retail, healthcare, manufacturing, hospitality and municipalities. Notable customers include McDonald’s, Meta, Minnesota Twins Baseball Club, New York University, Tuff Shed and more.

Customer Quotes

Gautam Bhayana, director of Process Improvement, Extech Building Materials, a building materials supplier with locations across New York and New Jersey
“Our video investigation capabilities have advanced substantially, allowing us to reduce shrinkage and respond quickly to incidents. In one case, we quickly identified a recurring theft issue, shared the evidence with law enforcement and set up alerts to notify us if the individual returned to any of our locations. This combination of speed, accuracy and proactive monitoring has greatly enhanced our ability to prevent losses and strengthen store security.”

Matthew Bunning, safety and security specialist, Gateway Community & Technical College in Kentucky
“Lumana has given us a powerful, end-to-end solution that makes it incredibly easy to keep our campus community safe. It’s reassuring to know we have an intelligent system continuously watching over our students, faculty and staff, 24 hours a day, seven days a week.”

Badal Patel, partner, SpinXpress, a laundromat chain servicing Illinois and Texas
“Managing video security across our stores used to be complicated and fragmented. With over 200 cameras from different manufacturers, having one centralized system has delivered visibility and insights we never had before. With Lumana, we can now track customer traffic and dwell time, optimize staffing and service, while also securing our cash rooms by detecting when safes or sensitive doors are accessed. It’s reduced our investigation time from hours to seconds, improved our operational decision-making, and given us the peace of mind that we’re protecting both our customers and our business.”

About Lumana
Lumana provides next-generation AI video security solutions that transform any camera into an intelligent sensor, helping organizations automate monitoring, extract meaningful insights, and accelerate incident response. Lumana combines modern video security hardware, cloud-based software, and cutting-edge AI analytics — all in a scalable and intuitive system. Backed by Wing Venture Capital, Norwest, and S Capital, Lumana unlocks the power of video data to improve security, safety, and operational efficiency. Founded in 2021, Lumana is headquartered in Los Gatos, Calif., with offices in Tel Aviv. Learn more at www.lumana.ai.

SOURCE Lumana

First AI platform for private equity due diligence helps teams make confident investment decisions faster, pass on bad deals sooner, and uncover insights competitors miss

NEW YORK, July 29, 2025 — Keye today announced it has launched from stealth with $5 million in a Seed financing round from Sorenson Capital, General Catalyst, Y Combinator, ERA, Tiferes Ventures, Dunamu Ventures, and Palm Drive Capital. Angel investors who participated in the round include Kaz Nejatian (COO at Shopify), Philip Rathle (CTO at Neo4j), and Clark Valberg (former CEO of InVision).

Private equity teams face increasing pressure to evaluate more deals faster while maintaining rigorous analysis standards. Traditional due diligence processes are time-consuming, labor-intensive, and often fail to surface critical insights that separate winning deals from value traps. As competition intensifies and deal timelines compress, firms struggle to make confident decisions quickly without compromising on thoroughness, leading to missed opportunities and suboptimal investment decisions.

Keye addresses this with a platform that transforms raw deal files into structured, investor-ready insights that mirror how the smartest investors think. Built by former investors who experienced the challenges of diligence, Keye understands deal data, performs real analyses, and mirrors the workflows of top-performing deal teams. The platform delivers structured, audit-ready outputs that help teams say no sooner, say yes with confidence, and see insights their competitors never will.

“The diligence process hasn’t fundamentally changed in decades, even as the pace of dealmaking has accelerated dramatically,” said Rohan Parikh, founder & CEO of Keye. “We built Keye because we lived this pain as investors – spending weeks on manual analysis that could be automated, missing critical patterns in the data, and struggling to synthesize insights fast enough to win competitive processes. The biggest investors in this round were initially users who saw how our platform helps them create alpha through better decisions backed by real math.”

Unlike traditional AI tools that simply summarize documents, Keye performs genuine quantitative analysis with 100% accuracy. What previously took investors days to complete now takes minutes, delivering zero errors, no hallucinations, and Excel-ready outputs. The platform enables investors to compare every deal with contextual insights unavailable to competitors, resulting in faster decisions without compromising analytical rigor.

With Keye, investment firms can:

• Find and Compile Data: Scan VDR files and make your data instantly usable in tables or wherever you need it
• Catch Hidden Risks: Identify and flag key facts that impact your deal, customized to suit your investor profile
• Perform Analysis: Quickly and easily spin up retention bridges, cohort analysis, or deep dive into price-volume effects. 
• Export Excel Models: Download any set of analyses into a spreadsheet with dynamic formulas already in place – no hard coded cells
• Source Every Fact: Attribute each data point to the raw data source and see the math behind every calculation
• Understand Your Needs: Talk to Keye like an associate to instantly make changes to tables and analyses on the fly
• Benchmark Every Deal: Instantly compare performance, retention, margins, and more – across every deal your firm has ever seen.

This funding round will accelerate hiring, particularly for engineers and private equity domain experts, and expand Keye’s analytical capabilities to cover more verticals and expand to the broader M&A community.

“The Keye team is solving a significant pain point for private equity investors by unlocking the manual and time-consuming process of due diligence,” said Suril Butala, Vice President at Sorenson Capital. “As a customer of Keye, we’ve fundamentally evolved how deals progress through our pipeline. We have largely automated our data ingestion process and can get from the first meeting to extending a term sheet much quicker. Keye gives us the data we need to focus on the core questions of a business, especially since we can easily export all the analyses the platform builds into Excel, and we can’t see ourselves going a day without it anymore.”

About Keye

Keye is the first AI platform built exclusively for private equity. Keye understands the data, performs real analyses, and mirrors the workflows of top-performing deal teams. For more information, visit https://www.keye.co/

SOURCE Keye

Financing co-led by new investors Sofinnova Investments and B Capital, along with an existing investor with continued support from F-Prime, Omega Funds, and Third Rock Ventures.

Additional new investors include Qatar Investment Authority and Alexandria Venture Investments.

Funding will support the advancement of lead asset AB001 through Phase II development, the progress of additional undisclosed programs toward IND readiness, and the expansion of a unique supply chain leveraging ARTBIO’s proprietary generator technology.

CAMBRIDGE, Mass. and OSLO, Norway, July 29, 2025 — ARTBIO, Inc. (“ARTBIO”), a clinical-stage radiopharmaceutical company developing a new class of alpha radioligand therapies (ARTs) to treat a range of cancers, today announced the closing of a $132 million Series B financing co-led by new investors Sofinnova Investments and B Capital along with a life sciences dedicated investment fund that invested previously. Further support came from existing investors F-Prime, Omega Funds, and Third Rock Ventures, and new investors Qatar Investment Authority and Alexandria Venture Investments. These proceeds will be used to advance the company’s development of ARTs.

“This sizable investment from both existing and new investors will enable ARTBIO to continue innovating therapies that treat a range of deadly cancers with power and precision,” said Emanuele Ostuni, Ph.D., CEO of ARTBIO. “Our team is grateful for the investment and recognition of the need to build a supply chain that matches the properties of the therapies and the unique payload that we use.”

This latest round of funding will support the advancement of ARTBIO’s pipeline, including its lead program, AB001, for metastatic castration-resistant prostate cancer, through Phase II clinical trials, and enable continued expansion of the company’s supply chain. The company plans to rapidly advance its manufacturing network infrastructure to supply global clinical trials, and ultimately, commercialization.

“ARTBIO’s approach to ART has the potential to positively change standards of care in cancer,” said Robert Mittendorff, M.D., General Partner at B Capital. “ARTBIO’s lead asset, AB001, is designed to fully harness the unique power of lead-212. My team and I are excited for what’s to come.”

A critical enabler of ARTBIO’s success is its patented AlphaDirect^™ isotope isolation technology, which enables flexible production of clinical-grade lead-212 (²¹²Pb) and therapeutic doses daily. This is achieved by a strategically distributed manufacturing network, improving access and de-risking common supply chain issues.

“With a differentiated ART portfolio and integrated manufacturing approach, ARTBIO represents the ideal company that we look to partner with,” said Maha Katabi, Ph.D., General Partner at Sofinnova Investments. “Equally impressive is their proprietary generator technology which is a game-changer for navigating around supply and production challenges for radioisotopes in today’s complex environment.”

About ARTBIO
ARTBIO is a clinical-stage radiopharmaceutical company redefining cancer care by creating a new class of alpha radioligand therapies (ARTs). The unique ARTBIO approach selects the optimal alpha-precursor isotope (Pb212) and tumor-specific targets to create therapeutics with the potential for highest efficacy and safety. The company’s AlphaDirect^™ technology, a first-of-its-kind ²¹²Pb isolation method, enables a distributed manufacturing approach for the reliable production and delivery of ARTs. ARTBIO is advancing multiple pipeline programs with lead program AB001 in metastatic castration resistant prostate cancer currently in first in human trials. ARTBIO is shaped by a long-standing scientific legacy with nearly a century of pioneering work in radiation therapy conducted at the University of Oslo and Norway’s Radium Hospital. For more information, visit www.artbio.com, and follow us on LinkedIn.

SOURCE ARTBIO