Supported successful recent private financing rounds for portfolio companies totaling approximately $725 million year-to-date

Helped oversee Shoulder Innovations $75 million IPO on NYSE

Enhanced strategic advisory and leadership capabilities

PORTOLA VALLEY, Calif. and BOSTON, Sept. 24, 2025 — Lightstone Ventures today highlighted recent progress across its portfolio of innovative biotechnology and medical device companies, and further enhanced its leadership team. 

“The Lightstone team, together with our partners at the many innovative biotech and medtech companies that we are proud to support, have achieved meaningful milestones this year that we want to recognize,” said Mike Carusi, Managing Partner at Lightstone Ventures. “So far in 2025, we have seen our portfolio companies close approximately $725 million in private financing rounds, alongside premier investors who share our vision of breakthrough therapies for patients in need across many therapeutic areas. We were also delighted to announce Shoulder Innovations’ successful public listing on the NYSE, adding to the list of IPOs and M&A events for some of Lightstone’s most impactful portfolio companies. Our focus remains on partnering with visionary founders to build impactful companies that transform novel ideas into commercially viable products.”

Key Financing Highlights Through September 2025

• FIRE1 – $120 million Series B round closed in January 2025
• Trotana Therapeutics – $52.5 million Series A round closed in February 2025
• Atsena Therapeutics – $150 million Series C round closed in April 2025
• Allay Therapeutics – $57.5 million Series D round closed in June 2025
• Shoulder Innovations – $40 million Series E round closed in March 2025; $40 million convertible notes financing led by Fidelity Management & Research Company closed in July 2025; and initial public offering on the New York Stock Exchange (NYSE) under ticker “SI” closed on July 31, 2025
• Apreo Health – $130 million Series B round closed in August 2025
• Reprieve Cardiovascular – $61 million Series B round closed in August 2025
• ProVerum – $80 million Series B round closed in August 2025

 “Lightstone has recently enhanced our team with the addition of Martin Seidel, Ph.D., joining as an Advisor. He brings deep expertise in R&D and business development, offering insights that will be valuable across our portfolio companies,” said Christina Isacson, Ph.D., Partner at Lightstone Ventures. “Additionally, Lightstone Partner Caroline Gaynor was recently elected Chair of the IVCA, the representative body for venture capital and private equity firms in Ireland. We are delighted for her appointment to such a prominent position in our industry, highlighting her leadership, vision, and dedication to advancing innovation from our Dublin office.”

“I’m honored to have been elected Chair of the Irish Venture Capital Association,” said Caroline Gaynor, Partner at Lightstone Ventures. “As Ireland continues to nurture world-class founders and innovative businesses, I look forward to working with my colleagues across the venture community to support entrepreneurs, foster growth, and strengthen the Irish ecosystem.”

Key Leadership Team Announcements Through September 2025

• In January 2025, H. Martin Seidel, Ph.D., was appointed as an Advisor to Lightstone Ventures. Dr. Seidel has extensive experience advancing clinical candidates and structuring strategic partnerships across the biotech industry, and advises Lightstone’s biopharmaceutical team on deal sourcing, diligence, and portfolio support. He currently serves as Chief Executive Officer of IFM Therapeutics where he has led multiple successful exits, and previously held senior roles at Novartis, including Global Head of Business Development and Licensing for the Novartis Institutes for Biomedical Research (NIBR).
• In August 2025, Caroline Gaynor, Partner at Lightstone Ventures, was elected Chair of the Irish Venture Capital and Private Equity Association (IVCA). Her role involves identifying and advocating for public policies that strengthen the Irish venture and entrepreneurial ecosystem, helping ensure funding is available for high potential Irish companies.

About Lightstone Ventures

Lightstone Ventures (“LSV”) is a global venture capital firm investing in biotech and medtech companies pioneering big ideas poised to transform patient outcomes. LSV was founded in 2012 to empower visionary entrepreneurs with the resources and operational guidance necessary to bring their innovative therapeutics and technologies to the patients who need them most. LSV’s investment team has led deals resulting in over 40 acquisitions and initial public offerings over the last two decades. The firm has offices in Boston, Mass., Portola Valley, Calif., and Dublin, Ireland.

For more information, please visit www.lightstonevc.com

Media Contact

Argot Partners
[email protected]

SOURCE Lightstone Ventures

LONDON and NEW YORK, Sept. 24, 2025 — Signal AI, the leading global risk and reputation intelligence platform, today announced that Battery Ventures, a global, technology-focused investment firm, has agreed to lead a significant growth-equity investment in the company.

Founded in 2013 by CEO David Benigson, Signal AI pioneered the application of AI for identifying overlooked corporate risks within unstructured data. Entrusted by C-Suite clients at more than 650 enterprises, Signal AI serves all major sectors globally, including blue-chip brands like Diageo, NetApp, Volvo, Bloomberg, Uber and more.

Signal AI’s category-defining platform proactively detects emerging risks – ranging from regulatory to cyber to supply chain – across both unstructured and proprietary sources. The company’s insights empower multiple functions across Fortune 500 and FTSE 100 companies. With its proprietary AI-powered platform, Signal AI equips risk and communications leaders with predictive decision intelligence to preemptively monitor, measure, and manage their organization’s reputation and risk exposure.

By sourcing and analyzing billions of data points across news, regulation, social media, litigation and more, Signal AI enables clients to uncover emerging threats, benchmark their risk and reputation profile against peers, and take decisive action ahead of events that could impact stakeholder trust and enterprise value.

Executives across an array of industries rely on Signal AI’s insights. Examples include:

• A Hollywood streaming giant surfaces early warning signals about shifting content regulations in new markets, ensuring all productions and investments are compliant.
• A global retailer detects potential cyber breaches across social, news and dark web sources, patching vulnerabilities before hackers attack.
• A life sciences leader tracks political sentiment and Food and Drug Administration regulatory developments, amplifying the success of a blockbuster drug launch – while managing reputational fallout from a failed clinical trial.
• A global bank monitors geopolitical risks in real time, protecting billions in assets by adjusting exposure.
• The United Kingdom’s government continuously benchmarks reputational risk across agencies and programs, ensuring accountability and preserving the public’s trust.

Signal AI’s latest product launch, Ask AIQ, is the first agentic AI purpose-built for senior executives to query global risks, simulate scenarios and receive actionable intelligence in real time.

“Our AI platform started in a garage, and evolved to power the world’s most complex enterprises,” said Signal AI’s Benigson. “Partnering with Battery Ventures – a firm with a 40-year track record of innovation – will accelerate our global growth.”

Benigson continued, “With technological, operational and financial challenges emerging faster, every executive I meet is asking the same question: ‘What’s next, and how can I get ahead of it?’ Together with Battery, we aim to equip leaders with the deepest, most intuitive way to answer that question. In doing so, we can transform how the most sophisticated companies mitigate risk – and harness opportunity.”

“Signal AI has carved out a differentiated and, we feel, highly defensible market position at the intersection of AI, risk and enterprise software,” said Collier Searle, a principal at Battery who is joining Signal AI’s board. “We’re backing an exceptional team with a bold vision to become the central nervous system for risk-aware organizations.”

Dave Tabors, a Battery private equity partner who is also joining the company’s board, added, “Signal AI’s customer traction is extremely impressive and indicates, to us, that the company has hit upon a real pain point in terms of risk management for enterprises today – and that the company is delivering a much-needed, AI-powered solution.”

With its investment, Battery will hold a majority stake in Signal AI and will support the founder-led management team to lead the business in its next phase of growth. Existing investors Highland Europe, Mercuri and MMC Ventures will retain minority positions in the business.

The investment will enable Signal AI – which has already executed two successful acquisitions – to conduct strategic M&A that deepen data collection, sector expertise and AI research. The company plans to accelerate its risk intelligence product development, as well as expand its footprint across both the U.S. and Europe, the Middle East and Africa.

Evercore served as exclusive financial advisor and Wilson Sonsini acted as legal advisor to Signal AI.

The transaction is expected to close in Q4 2025, subject to customary closing conditions and filings.

About Signal AI

Signal AI transforms external data from traditional and social media across 226 markets and 75 languages, providing companies with actionable insights designed to navigate enterprise risk, strengthen reputation, and fuel growth.

SOURCE Signal AI

The multi-million investment to lead strategic growth of portfolio

LOS ANGELES, Sept. 23, 2025 — The h.wood Group, the Los-Angeles-based, hospitality company known for creating some of the most exclusive and culturally influential nightlife and dining venues in the world, today announced the completion of a majority investment from DIAFA, a new Abu Dhbai-based luxury hospitality investment company. The latest funding round brings the brand’s valuation into the nine-figure range, accelerating momentum toward a projected half-billion valuation.

Marking a defining milestone for both The h.wood Group and DIAFA, this strategic alliance reflects a shared pursuit of excellence, setting the stage for a new chapter in luxury hospitality defined by innovation, refinement and cultural resonance. This strategic investment will empower The h.wood Group’s next phase of growth – from the unveiling of visionary new concepts to the evolution of its flagship destinations – while accelerating its expansion beyond the West Coast. Together, The h.wood Group and DIAFA are cultivating a new class of hospitality experiences that are not only globally coveted, but are architecturally, atmospherically and gastronomically unparalleled.

The vision of longtime friends and Los Angeles natives John Terzian and Brian Toll, The h.wood Group was founded in 2008 as a way for the consummate hosts and entrepreneurs to bring their high-end concepts and passion for service to life. Today, The h.wood Group is revered globally for its iconic portfolio of luxury nightlife and restaurant venues – including Delilah, The Nice Guy and The Bird Streets Club to name a few – with eight venues in Los Angeles, three across the country, two international outposts and more planned on the horizon.

With the original architects of the brand’s success still actively shaping its future, this next chapter of the brand’s evolution is defined by the enduring vision and exacting standards that have positioned The h.wood Group at the pinnacle of global luxury hospitality Their continued leadership ensures that the brand’s expansion is as intentional as it is ambitious, preserving the essence that makes each destination singular. Over the next year, The h.wood Group will introduce new concepts in key markets including Dallas, New York City, Miami and other major cities nationwide. This October, The h.wood Group’s modern-day supper club Delilah will make its Dallas debut, marking the fourth location for the beloved brand alongside its West Hollywood flagship, Miami and Las Vegas outposts.

The 2025 opening of Delilah Dallas will set the stage for first of several, highly anticipated new ventures for the group slated for 2026 and beyond which include the openings of Delilah New York and the expansion of The Nice Guy brand into Miami and Newport Beach. This funding will also enable The h.wood Group to further fortify their presence in the greater Los Angeles area with plans to unveil a new Japanese dining experience on Sunset Boulevard – located in what was formerly the group’s iconic nightlife outpost, Booty Bellows, which after 13 years as an LA staple, officially shuddered in January 2025 to make way for The h.wood Group’s next generation – and a new venue concept in Brentwood, alongside upgrades to existing flagships such as Delilah and the group’s opulent nightclub, Poppy.

“We are thrilled to team up with DIAFA to become its first official hospitality company,” said Brian Toll and John Terzian, co-founders of The h.wood Group. “When you think of The h.wood Group, you think of true luxury, and we’re honored to expand our footprint far beyond the West Coast as DIAFA ventures into the luxury hospitality space.”

Goldman Sachs & Co. LLC served as financial advisor for The h.wood Group. Allen Matkins and Dechert served as respective legal advisors.

For more information about The h.wood Group, please visit https://hwoodgroup.com/ 

About The h.wood Group
The h.wood Group is a Los Angeles-based, hospitality and lifestyle marketing company with an iconic portfolio of luxury nightlife and restaurant venues. The vision of longtime friends and Los Angeles natives John Terzian and Brian Toll, The h.wood Group was founded in 2008 as a way for the consummate hosts and entrepreneurs to bring their high-end, thoughtful concepts and passion for service to life. From Delilah and The Nice Guy, to ĐiĐi and Harriet’s, The h.wood Group is responsible for some of the most iconic brands in the world. With eight venues in Los Angeles, three across the country, three new concepts slated to open within the next year and more planned on the horizon, The h.wood Group is rapidly expanding thanks to its multi-concept portfolio uniquely positioned to cater to different markets. This growth is guided by the brand’s core values – distinct design, exceptional service and palpable atmosphere – which combine to create extraordinary moments for every guest.

The h.wood Group experience is known well beyond the walls of their brick-and-mortar locations, through its work as one of the most reputable event producers in the world. With passions for art, fashion, sports and entertainment, The h.wood Group’s signature approach to service and storytelling unites brands, consumers and talent at some of the world’s most iconic cultural events including Coachella, F1 Las Vegas, Miami and Austin, amfAR Cannes, Art Basel and more. The h.wood Group offers corporate branding, catering, event production and marketing services at both private events and international pop-ups, reflecting and shaping popular culture on both local and global scales.

Website: https://hwoodgroup.com/
Instagram: @hwoodgroup
Press Contact: [email protected]

SOURCE The h.wood Group

Lifeguard redefines digital safety for consumers and their families, with always-on AI-agents to
protect against online scams 24/7

AUSTIN, Texas, Sept. 23, 2025 — Lifeguard, the AI-powered security guard that keeps your family’s digital life private and secure, announced that it has raised $1.3M in Seed funding from ScOp Venture Capital, a prominent firm focused on early stage SaaS and AI Companies. This investment will accelerate the company’s roadmap and growth, equipping individuals and families with leading technology to protect themselves from the dramatic rise in online crime.

Today, financial losses from online scams and fraud are already massive and growing fast driven in part by the emergence of AI. America’s top cyber official, Anne Neuberger, warns that cybercrime will cost the world more than $23 trillion by 2027, a dramatic increase from $8.4 trillion in 2022. Even more, criminals are targeting certain populations like the elderly who are estimated to be impacted four times more than other demographics by online fraud.

Existing solutions are often reactive, overlook AI-driven threats, and are built primarily to protect businesses rather than people. Lifeguard fills this critical gap by combining advanced fraud detection with personalized education, empowering individuals and families most at risk to take back control of their digital safety.

Lifeguard’s technology uses proactive, autonomous AI agents to act as a personal digital security guard, working 24/7 to monitor for new risks and deception. Its services are designed to provide:

• Safe Browsing & Messaging: Blocks access to dangerous websites and filters suspicious SMS messages before harm can occur.
• Advanced Fraud & Scam Detection: Scans emails, texts, and online interactions to spot phishing attempts and fraud in real time.
• Identity & Data Protection: Monitors personal information, alerts users of data breaches, and reduces risk by submitting removal requests to data brokers.
• Personalized Education: Easy-to-follow guides that help you recognize common scams & clear, contextual guidance through a browser extension to help users recognize and avoid scams as they browse.

From the Founders:
“Lifeguard was born from a deep understanding of the emotional and financial toll online scams take on individuals and their families. We built a solution that is proactive rather than reactive, leveraging AI to stay ahead of sophisticated fraud. Our goal is to empower people of all ages to reclaim their digital safety by providing a quiet safety net that works 24/7, so they can live their online lives without fear.” – Austin Hulak, Co-Founder, Lifeguard

“The threat landscape is constantly evolving, and existing solutions are not keeping pace with AI-backed deception. Lifeguard is the trusted, secure AI scaffolding that will become the digital security guard for your and your loved ones’ online safety. Our technology is designed to be a personal agent for every user, scanning for threats, blocking scams, and providing crucial alerts before they can cause harm.” – Kevin Marion, Co-Founder, Lifeguard

The $1.3M seed investment from ScOP Venture Capital will help Lifeguard expand the business, scale the technology, and grow the team. ScOP Venture Capital is a venture capital firm located in Southern California that focuses on pre-growth technology companies. It was formerly O’Connor Ventures and was founded by Kevin O’Connor (founder of DoubleClick, early investor in Procore).

Get Started
Create an account on https://www.trylifeguard.com/. Follow the instructions presented in your Lifeguard dashboard. Once your setup is complete, Lifeguard works quietly in the background to keep you safe from online threats 24/7, 365 days a year. Need help getting started? Reach out at [email protected].

About Lifeguard
Lifeguard is your AI security guard, keeping your family’s digital life private, safe, and scam-free. Our AI-powered safety net works autonomously in the background to detect and block sophisticated scams and threats before they can reach you. Lifeguard bridges the gap between consumer awareness and the ability to defend against evolving cyber threats. You stay safe, without having to think about it. https://www.trylifeguard.com

PR Contact:
[email protected] 

SOURCE Lifeguard Technology, Inc

Backed by profitability and blue-chip customers, Distyl supports outcomes tied to hundreds of millions in impact in just its second year of operations

SAN FRANCISCO, Sept. 23, 2025 — Distyl AI, the startup helping blue-chip leaders worldwide build the AI-native enterprises of the future, today announced a $175 million funding round at a $1.8 billion valuation, with participation from Lightspeed Venture Partners, Khosla Ventures, DST Global, Coatue, and Dell Technologies Capital. Distyl works with Fortune 500 leaders in healthcare, telecommunications, insurance, manufacturing, and financial services to deliver measurable outcomes today while preparing them to re-architect their business models for the AI era.

Enterprises of the last century were designed for the assembly line, which centralized decision-making and decentralized execution that resulted in the rigid silos of today. While the model served important productivity goals of the industrial era, it no longer serves today’s companies. Distyl AI is pioneering a new operating model for enterprises, one built to deliver AI-native orchestration across silos, where business context flows easily throughout the business and outcomes compound.

“The companies that win in the AI era are those that are willing to reimagine how they operate, not just what tools they use,” said Arjun Prakash, CEO of Distyl AI. “AI is forcing enterprises to move beyond silos. Distyl partners with leaders from day zero to design that transformation, embed engineering talent, and deliver outcomes within three months that prove the model. Ultimately, our goal is to work with the companies that will lead the organizational transformations shaping the next stage of global leadership.”

Distyl’s approach is to combine the best talent, superior technology, and AI systems research that enables their customers to leapfrog onto the AI curve that prioritizes results. Distyl’s proprietary AI agent, Distillery, is customized by Distyl engineers and trained on specialized research – powering transformations in sectors from telecommunications to healthcare and advanced manufacturing, including:

• A telecommunications enterprise, moving beyond traditional operations to build the first AI-native telco;
• A healthcare company rearchitecting prior authorization and care delivery to unlock value-based healthcare models constrained by legacy infrastructure;
• A Fortune 50 hardware manufacturer that achieved 80% faster root cause resolution with Distyl’s platform; and
• Another healthcare client that realized $23 million in annual savings.

To date, Distyl has delivered a 100% production record, reaching over 120 million end users and generating hundreds of millions in operating impact for customers. Its unique approach ensures outcomes in a quarter, not years, and lays the foundation for the company’s impressive growth.

“AI will radically transform the way enterprises do business,” said Vinod Khosla, founder of Khosla Ventures. “Distyl AI is collaborating with global companies to leapfrog legacy infrastructure and build out AI-native enterprises, setting them on a path to be leaders in their respective industries.”

With this funding, Distyl plans to identify and support the global leaders of the next decade as they evolve to become the AI-native enterprises of the future. To that end, the company will announce new roles, partnerships, and customer engagements in the months ahead.

“Our belief is that the next chapter of AI leadership won’t be won by the models alone, but by operationalizing AI at scale in enterprises and transforming how they work. Distyl’s operating model is built to support that chapter by helping today’s boldest incumbents evolve into the category-defining leaders of the next decade,” added Prakash.

As enterprises continue to face this paradigm shift, Distyl’s mission is to serve as the partner that helps them cross the threshold – from siloed, decentralized operations into AI-native enterprises capable of adapting, compounding value, and leading in the decades ahead.

About Distyl AI: Distyl AI partners with blue-chip leaders to help them create the enterprises of the future. The company’s technology, talent, and research have driven outcomes for the world’s greatest companies, including leaders in telecommunications, healthcare, and financial services. Their proprietary platform, Distillery, curates context from across the enterprise and adapts to each customer’s needs, prioritizing the outcomes customers need to show impact in months, not years. Headquartered in San Francisco, Distyl has reached more than 120 million end users and delivered hundreds of millions in operating impact across industries. Distyl is backed by Lightspeed Venture Partners, Khosla Ventures, DST Global, Coatue, and Dell Technologies Capital. For more information, visit: www.distyl.ai.

For press inquiries:
Contact Varnum Street Strategies
[email protected]

SOURCE Distyl AI

Funds earmarked to accelerate AI innovation and scale teams as adoption surges across U.S. construction projects

SAN FRANCISCO, Sept. 23, 2025 — Track3D, the leader in Reality Intelligence for construction, announced today a $10 million Series A raise to transform how builders monitor projects with verifiable progress insights. Ironspring Ventures led the round with co-lead Zacua Ventures and participation from existing investors Shadow Ventures and Monta Vista Capital. This round brings the company’s total funding to $14.3 million USD since its founding in 2022.

In just over a year, Track3D has become the go-to Reality Intelligence platform for the construction industry. Over 400 projects have already run on Track3D, with ENR Top Contractors like Hensel Phelps and PCI among the early adopters. Several of these firms have signed the industry’s first multi-year, multi-million-dollar enterprise agreements, highlighting how critical Track3D has become to their operations.

Track3D brings clarity to the chaos of the jobsite. The platform pulls in data from 360° cameras, drones, laser scanners, and even LiDAR-enabled smartphones, consolidating it into a single cloud record. Advanced AI models then transform that data into actionable insights, including progress tracking, work-in-place validation, and performance analytics tied directly to drawings and quantities. Builders get a transparent and verifiable view of their projects that reduces disputes, improves collaboration, and keeps schedules and budgets on track.

Unlike traditional systems that take four to six weeks to set up, Track3D is live in a single day. With only project drawings and an initial capture, teams start seeing progress insights immediately.

“Track3D was designed AI-first, making Reality Intelligence extremely simple and accessible across a wide variety of projects. By providing owners, general contractors, and trade partners with a shared operating system, we transform raw site data into proactive intelligence – delivering certainty, transparency, and accountability at every stage. Our rapid U.S. adoption, supported by industry-leading investors like Ironspring and Zacua, validates that Track3D is not just a monitoring tool, but the new foundation for how construction projects are run“. said Chaitanya NK, Co-Founder & CEO of Track3D.

Beyond scaling teams and accelerating innovation, Track3D is also preparing to launch a suite of AI-powered features, such as deviation detection, early warning of potential delays, and intelligent agents that support project teams. Together, these developments move monitoring from reactive documentation to proactive project intelligence.

“With a powerful AI-first solution purpose-built to modernize construction monitoring, Track3D equips jobsite decision-makers with unparalleled insight that leads to better project outcomes. The company’s impressive commercial acceleration, having seen 10x YoY ARR growth, is unmatched in the construction tech sector, and this traction clearly demonstrates the quick impact Track3D has for its blue-chip customers.” said Ty Findley, Co-Founder & General Partner at Ironspring Ventures.

“The construction industry operates under relentless time and cost pressures, which makes transparency and adaptability absolutely essential. Track3D has built a platform that delivers both – bringing structure and insight to the flood of visual data generated onsite. Their ability to track progress with precision across multiple data sources doesn’t just improve visibility; it empowers teams to avoid costly mistakes before they happen. What excites me most is that Track3D isn’t stopping at documentation – they’re laying the groundwork to solve construction’s holy grail: true production tracking. That’s the future, and Track3D is well-positioned to lead it.” said Vivin Hegde, Founding Partner at Zacua Ventures.

With contractors facing labor shortages, rising costs, and growing project complexity, Track3D is helping teams deliver projects with confidence by grounding every decision in reality-based intelligence.

The platform is now available across North America, and it is supported by enterprise rollouts, dedicated customer success teams, and integrations with project management tools contractors already use.

Contractors and owners interested in seeing the impact firsthand can request a live demo at: https://track3d.ai/contact-us/

About Track3D

Track3D is a Bay Area-based construction technology company transforming how projects are delivered through Reality Intelligence. The platform combines site data with advanced analytics, giving construction teams a single source of truth to track progress, identify risks early, and make informed decisions. Trusted by leading ENR contractors and owners across the U.S., Track3D helps teams deliver projects on time and within budget.

To learn more, visit https://track3d.ai/ and follow Track3D on LinkedIn

SOURCE Track3D

Funding underscores confidence in Caregility’s AI and computer vision solutions that reduce staff burden and enhance patient care.

WALL, N.J., Sept. 23, 2025 — Caregility Corporation, an enterprise telehealth leader dedicated to connecting care for patients and clinicians everywhere through innovative virtual care and AI-powered solutions today announced it has raised an additional $25.1 million through its Series A-2 Preferred Stock and Series C funding rounds. The round was led by Star Mountain Capital, with participation from a number of sources, including management, Dr. York Wang, PhD, initial founders, and high-net-worth healthcare-focused investors. This financing brings the total outside investment in Caregility to $92 million.

The new capital will accelerate Caregility’s growth initiatives, with a focus on leading in artificial intelligence solutions, computer vision, ambient listening, and sensor-based solutions that improve clinical workflows, reduce staff burden, and enhance patient care.

“Caregility is setting the standard for innovation in hospital-based virtual care, with groundbreaking capabilities such as edge-based Computer Vision AI and audio sensing room duress detection,” said Dr. David Shulkin, M.D., Independent Board Member of Caregility.  “Caregility has expanded these advancements globally, and their platform is uniquely positioned to redefine how hospitals deliver safe, efficient, and high-quality care.”

Caregility has established itself as one of the world’s most widely adopted enterprise telehealth platforms, with more than 30,000 connected devices, over 6 million virtual sessions conducted annually, and deployments across 1,500 hospitals and 75+ health systems. The company’s modular platform supports a comprehensive range of solutions spanning virtual nursing, e-sitting, hospital-at-home, specialty consults, operating room telehealth, and more. Recognized for its reliability and flexibility, Caregility is the only organization in the space serving customers on a truly global scale, with successful deployments in markets including Asia-Pacific, Gulf Region, Middle East, and Canada, in addition to the U.S.

“This strategic investment strengthens our ability to accelerate innovation and scale more aggressively in the marketplace,” said Tod A. Nestor, Chief Financial Officer of Caregility. “With this capital, we can advance AI-driven solutions that meaningfully reduce clinician burden, improve patient outcomes, and deliver measurable and tangible value of the connected care programs deployed by our hospital partners.”

“Caregility is at a pivotal moment in its growth,” said Ron Gaboury, Chief Executive Officer of Caregility. “We’ve built a trusted foundation with many of the world’s leading hospitals and health systems, and this funding empowers us to accelerate the next wave of innovation that will shape the future of smart hospitals and connected care.”

About Caregility

Caregility (www.caregility.com) is a telehealth solutions company dedicated to connecting patients and clinicians everywhere. Our Caregility Connected Care™ platform powers a full suite of clinical and operational applications, enabling care delivery across the continuum, from the hospital to the home. With secure, reliable, and scalable technology, Caregility is transforming healthcare by making virtual care a seamless extension of the care team.

SOURCE Caregility

SALT LAKE CITY, Sept. 23, 2025 — Filevine, the pioneer of the Legal Operating Intelligence System, has raised $400 million in an all-equity financing, underscoring investor confidence in both the legal tech market and Filevine’s growing market share. Over a 15-month period, Filevine closed two funding rounds. The first was led by Insight Partners, followed by a larger subsequent round that brought in Accel and Halo Fund to co-lead alongside Insight Partners, with participation from previous investors including Meritech, Stepstone, Run Ventures, and Album Ventures, reflecting strong momentum and investor conviction. New capital will allow Filevine to scale products that already show meaningful acceleration and expand AI capabilities. Additionally, this capital will fuel go-to-market strategy.

Leading software investors with deep category expertise saw clear product-market momentum, accelerating AI adoption, and a durable business built over the course of the past decade. This cements Filevine as a category-defining legal technology platform built with AI and fully integrated into the operating system legal teams rely on daily. While fragmented tools create silos and provide limited or incorrect insight, Filevine delivers one holistic AI platform giving legal teams the scale, data, and connectivity they need to deliver real business impact. No other legal tech company natively brings together emails, text messages, deadlines, contacts, documents, deposition videos (and transcripts), phone logs, notes, tasks, audit logs, intake notes, and calendars to deliver case-critical and reliable intelligence like Filevine. Filevine’s advantage is context + adoption: AI is embedded in daily legal work and already delivering results. Filevine users upload more than 20 million pages of documents daily, underscoring the platform’s scale and reliability.

The company has grown rapidly since its founding, with nearly 6,000 customers and 100,000 legal professionals using Filevine across boutique firms, government agencies and Fortune 500 enterprises. Filevine’s long history of taking care of customers is evidenced by over 96% gross retention of Filevine Core, its platform and flagship product, and boasts best-in-class customer retention and Net Dollar Retention over 120%.

Filevine will use proceeds from the raise to further its lead in serving litigators, attract top talent, and deepen its base of enterprise and government customers. With its scale, proprietary data, and embedded AI, the company is positioned to define the future of the legal technology market.

“Some early versions of legal AI forced lawyers to work in two systems: their systems of record and their AI tools. But that framework isn’t what the market demands. Filevine embeds intelligence into the DNA of daily legal work, with the first true legal operating intelligence system. Every task a legal professional completes should be augmented with intelligence,” said Ryan Anderson, Founder & CEO of Filevine.

Rebecca Liu-Doyle, Managing Director at Insight Partners added: “Filevine has proven its ability to sustain tremendous growth while simultaneously capturing new opportunities and markets. We at Insight are highly impressed with Ryan and team, and we’re excited to double down with Filevine as they continue scaling into this next chapter.”

John Locke, Partner at Accel shared: “Filevine is tackling a problem that others are missing by developing a system of record where AI is seamlessly woven into every function, and scalable for small firms to enterprise operations. The company’s track record speaks for itself: consistent revenue growth, exceptional client retention, and a product that legal teams desperately need. We’re excited to back Filevine as they lead the legal tech space.”

Ryan Smith, Co-founder of Halo Fund, said: “During diligence, we saw Filevine’s AI products have heavy daily usage, with over 20% week over week growth in their cross-platform AI-chat tool. With about 130% YoY AI revenue growth, users told us they are deriving real value from Filevine’s integrated AI products.”

For more information about Filevine’s Legal Operating Intelligence System that will replace disparate systems and eliminate deficient data sets for legal teams, visit https://filevine.com.

About Filevine
Filevine is headquartered in Salt Lake City, Utah with offices globally. For 10+ years, Filevine has been the legal work platform of record, now it is transforming legal work into legal intelligence. Its Legal Operating Intelligence System bridges the gap between traditional case management and the advanced capabilities modern legal teams demand. Built for success, Filevine empowers elite law firms, global enterprises, and government agencies alike. With AI built-in, not bolted-on, Filevine unifies case management, document automation, communication, billing, compliance, and analytics in one intelligent platform. Recognized as a leader in legal technology, Filevine has been honored by the LegalTech Breakthrough Awards, The SaaS Awards, Deloitte Technology Fast 500, and the Business Intelligence AI Excellence Award (2025). Today, thousands of firms and organizations trust Filevine to deliver speed, strategy, and measurable outcomes across every legal matter.

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 June 30, 2025, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 875 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has a global presence with leadership 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.

About Accel
Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Atlassian, Bumble, CrowdStrike, Fiverr, Flipkart, Freshworks, Qualtrics, Scale, Segment, Slack, Spotify, Squarespace, Tenable, and UiPath are among the companies Accel has backed over the past 40+ years. We help ambitious entrepreneurs build iconic global businesses. For more, visit www.accel.com or www.twitter.com/accel.

About Halo Fund
Halo Fund is an investment platform dedicated to fueling the growth of high-potential businesses. The fund helps companies accelerate by providing access to the arenas where attention and adoption scale fastest—the convergence of technology, sports, and entertainment. Founded by Ryan Smith and Ryan Sweeney—drawing on their experience at Qualtrics, Accel, the Utah Jazz, and the Utah Mammoth—the team brings decades of combined expertise as operators and investors in technology. This perspective positions Halo Fund to guide companies through today’s rapidly shifting business landscape. At its core, Halo Fund is built on a simple conviction: the drivers of sustainable growth have changed. Capital and connections alone are no longer enough. Success now depends on harnessing cultural momentum to break through barriers, define markets, and engage directly with the audiences that matter most. By partnering with visionary founders and high-growth companies, Halo Fund helps portfolio businesses capture attention, accelerate adoption, and scale with impact in an increasingly dynamic market environment. For more information, visit hxco.com or follow on X @haloxco.

SOURCE Filevine

NEW YORK, Sept. 23, 2025 — Testkube, the Continuous Testing Platform, today announced an $8 million Series A funding round led by existing investors Ratmir Timashev, co-founder of Veeam Software, and global software investor Insight Partners. The new round underscores a growing recognition that while AI has supercharged the speed of software development, software quality has not kept pace.

Testkube started as an open-source project enabling users to leverage existing on-prem infrastructure and to make running tests less of a headache. Developers and platform engineers quickly adopted the platform for its ability to solve real problems quickly, and since then, Testkube Control Plane and its open-source agent have grown into a full enterprise platform. To date, the company has powered over 100 million automated tests for organizations ranging from fast-growing startups to enterprises like Cloudflare, Siemens, Adobe, and Volvo.

“AI is rewriting the rules of software development, yet it also makes testing significantly harder,” said Dmitry Fonarev, CEO of Testkube. “Traditional testing and CI/CD tools weren’t built for AI-driven or cloud-native scale. Testkube gives developers and platform teams the confidence to ship fast without sacrificing reliability – because untested software is unsafe software.”

Seed investors who backed Testkube’s vision at inception formally participated in this round, reinforcing their early conviction in the company’s approach. Their reinvestment also reflects the pressing need for tooling that ensures reliability as AI reshapes the pace of development. Testkube’s customer base includes financial services, healthcare, tech, government and more, demonstrating the widespread need to automate testing at scale.

With Testkube, companies can synchronize their testing tools and strategies – from API to End-to-End, load, security, and AI-behavior testing – directly into Kubernetes-native workflows. The result is continuous testing at scale, with full visibility and control across teams, environments, microservices, and CI/CD pipelines. Testkube can orchestrate testing tools or frameworks, including Playwright, Cypress, Selenium, k6, and Postman, to name a few, into heterogeneous, scalable, optimized workflows.

“AI doesn’t just change what we build – it changes how we build. Development is becoming more autonomous, code is being generated by machines, and decisions are happening faster than humans can follow,” added Ole Lensmar, Testkube CTO and co-founder. “That makes continuous testing the ultimate safety net. Testkube is the layer that can help ensure every change, human or AI-generated, is tested before it reaches production.”

“Cloud-native development and AI have changed the tempo of software creation,” said Mike Triplett, Managing Director at Insight Partners. “Testkube is addressing the next big bottleneck, helping ensure that testing keeps up with AI’s acceleration.”

Testkube is also actively integrating AI into its capabilities like intelligent test orchestration (deciding on which tests to run when), automated remediation (suggesting fixes for failed tests), and adaptive performance testing (adjusting load configurations based on desired and actual outcomes), which help teams ship faster and more confidently. “AI is great at creating velocity, but without scalable quality, it’s a false sense of progress,” said Timashev. “Testkube ensures the gains from AI don’t come at the cost of reliability.”

Founded in 2023 as a spin-off from Kubeshop, Testkube is focused on solving challenges teams face when scaling software test automation – by giving teams speed, flexibility, and control without forcing them to abandon their existing tools.

SOURCE Testkube