SINGAPORE, Oct. 29, 2025 — ELD Asset Management Pte. Ltd. today announced its support for Daylight Energy’s recently disclosed $75 million financing package—combining $15 million in equity led by Framework Ventures with a $60 million project development facility led by Turtle Hill Capital—to scale a decentralized residential solar-and-storage network in the United States. The raise also includes participation from a16z crypto, Lerer Hippeau, M13, Room40 Ventures, EV3, Crucible Capital, Coinbase Ventures, and Not Boring Capital.

Under the initiative, Daylight will fund homeowner subscriptions that bundle rooftop solar and battery backup with no upfront cost, targeting initial rollouts in Illinois and Massachusetts. The company expects to pair monthly energy subscriptions with grid-service revenues by aggregating home batteries into a dispatchable virtual power resource. 

“This is operating leverage without unnecessary dilution,” said Jason Harrison, Senior Vice President at ELD Asset Management. “By aligning venture equity with a specialty project facility, the structure keeps execution focused on physical rollouts and measured electricity, not overhead—exactly the configuration long-horizon allocators want to see.” 

Why this matters

Daylight’s model targets a key friction in residential solar, where customer acquisition can exceed 60% of install cost across many programs. Its subscription aims to lower a typical household’s bill while creating a networked battery fleet that can earn market-based compensation during grid stress events—helping households and the grid simultaneously.

Technology & financing innovation

Daylight is launching DayFi, a protocol that maps metered electricity revenues from its distributed portfolio to on-chain claims, enabling transparent, energy-backed payouts. “Linking yield to measured electricity rather than speculative flows is the signal institutions have been waiting for,” Harrison added.

Framework Ventures Co-Founder Vance Spencer said Daylight can become the financing layer for distributed energy, while Turtle Hill Capital described the facility as purpose-built specialty credit that accelerates deployment. 

Market focus

The financing prioritizes installation in Illinois and Massachusetts, where interconnection rules and demand for resilience support faster cycle times and robust data collection—intended to shorten underwriting loops for lenders and offtakers. Daylight confirms subscriptions are live in both states, with DeFi-based financing to expand in Q4 2025. 

About Daylight Energy

Daylight turns homes into distributed power plants through a monthly energy subscription and an integrated battery network that trades with the grid. Backers include Framework Ventures and Andreessen Horowitz (a16z crypto). 

About ELD Asset Management

Founded in 2017 (UEN: 201725839Z), ELD Asset Management Pte. Ltd. is a Singapore-based firm advising clients on strategy and portfolio allocation informed by global macro and market research. More insights: eldglobal.com/news. Singapore Business Directory+2Companies.sg+2

Contact

Mr Luke Tan
ELD Asset Management
[email protected] 

Photo: https://mma.prnewswire.com/media/2808073/ELD_Asset_Management.jpg
Logo: https://mma.prnewswire.com/media/2808074/ELD_Asset_Management_Logo.jpg

SOURCE ELD Asset Management

CAMBRIDGE, Mass., Oct. 28, 2025 — Pinetree Therapeutics, a preclinical-stage biotechnology company pioneering targeted protein degraders for drug-resistant cancers, announced the successful closing of an oversubscribed $47 million Series B financing. The proceeds will advance its lead preclinical oncology programs to Phase I clinical studies and accelerate development of Pinetree’s AbReptor™ platform. Participating investors include existing investors DSC Investment, WIDWIN Investment, STIC Ventures, Samho Green Investment, Atinum Investment, S&S Investment, SJ Investment Partners, Smilegate Investment, and Gauss Capital Management, as well as new investors Korea Investment Partners and SV Investment.

Founded in 2019, Pinetree is an industry leader in the targeted protein degradation (TPD) field, developing a novel class of modular bispecific and multispecific protein degraders designed to selectively eliminate disease-driving membrane-bound and extracellular proteins. The AbReptor™ platform has demonstrated compelling preclinical efficacy and safety in degrading receptor tyrosine kinases (RTKs) that drive tumor growth and resistance, including targets refractory to existing tyrosine kinase inhibitors (TKIs) and immune checkpoint therapies.

“The AbReptor™ platform has repeatedly demonstrated durable activity across a broad range of RTK targets, including models resistant to standard-of-care therapies, and has unlocked the potential to develop a novel class of degrading antibody drug conjugates (ADCs), which aim to overcome the limitations of traditional ADCs, including tolerability and limited durability. Our platform also offers new therapeutic approaches for targeting inflammatory cytokines in disease tissues, representing a potential alternative to current immunology and inflammation therapies,” said Ho-Juhn Song, Ph.D., Founder and CEO of Pinetree Therapeutics. “We are thrilled by the strong support from our investors and look forward to using these proceeds to advance differentiated therapies that address significant unmet clinical needs.”

The Series B financing will support IND-enabling studies and Phase I clinical trials for Pinetree’s lead programs, expand its multispecific degrader portfolio, and enable strategic collaborations to unlock new target classes. “We are excited to continue our partnership with Pinetree as they advance a highly differentiated platform with the potential to meaningfully impact patients with RTK-driven tumors,” said Yohan Kim, Executive Director of DSC Investment. “We see significant promise in Pinetree’s approach to overcoming resistance and improving tolerability, particularly for patients with limited treatment options.”

This financing follows a July 2024 collaboration with AstraZeneca, which included an exclusive global license option for Pinetree’s preclinical EGFR degrader candidate, valued at over $500 million in potential milestones and royalties, reflecting growing interest in AbReptor™ therapeutics. Pinetree continues to expand its pipeline and strategic partnerships to deliver novel TPD programs that aim to transform treatment for patients with hard-to-treat cancers and other diseases.

About Pinetree Therapeutics

Pinetree Therapeutics, based in Cambridge, MA, is a preclinical-stage biotech company developing next-generation targeted protein degraders (TPDs) to overcome drug resistance and tumor recurrence in oncology, with applications in inflammation and immunology. Its proprietary AbReptor™ platform enables selective degradation of membrane-bound and extracellular proteins, offering a differentiated mechanism of action and durable therapeutic benefit. Pinetree is also advancing trispecific degraders and ADC-integrated platforms, and has entered strategic partnerships, including a licensing agreement with AstraZeneca. [https://www.pinetreetx.com/]

About DSC Investment

Founded in 2012, DSC Investment is one of the most active venture capital firms in South Korea, with approximately $1.0 billion in assets under management. The firm is committed to driving innovation and high growth across various industries, including bio-healthcare, deep tech, and content & commerce. It has built a strong track record of early-stage investments in some of South Korea’s most successful startups. With a continued focus on identifying high-potential entrepreneurs and transformative technologies, DSC Investment continues to expand its investment portfolio and support the next generation of global innovators. [http://dscinvestment.com/]

About Widwin Investment

Founded in 2008, Widwin Investment is a leading venture capital firm dedicated to identifying and nurturing high-growth opportunities across healthcare, software, and innovative technology platforms. The firm has established a strong track record in growth-stage and buyout investments, building a diverse portfolio across sectors where technology, scalability, and domain expertise drive success. While maintaining a selective investment approach, Widwin has made an outsized impact by supporting disruptive companies that are shaping the future of their industries. [http://widwininvest.com/]

Contact
Zachary Park
[email protected]
Pinetree Therapeutics, Inc
Cambridge, MA
+1-617-945-2309

SOURCE PineTree Therapeutics

NEW YORK, Oct. 28, 2025 — North Castle Partners is honored to be recognized by Inc. Magazine as a Top Founder-Friendly Private Equity Firm for its fifth consecutive year. Since inception in 1997, North Castle Partners has partnered with and invested in founders, entrepreneurs, CEOs, and the management teams of consumer facing businesses operating in the healthy, active, and sustainable living markets.

2025 has been an incredible year for North Castle and 3 of its founder-led management teams. In January, North Castle sold its investment in Barry Bootcamp reflecting a 9-year partnership with founders and management that grew Barry’s from 17 to 100+ global locations. In September, North Castle exited its investment in Turnbridge, where North Castle partnered with the founder CEO to more than double its capacity to help young adults and teens overcome mental health and substance use disorders. Most recently, CR Fitness Holdings, a North Castle portfolio company, attained a strategic growth investment from a global investment firm to support the company’s future growth and reinforce its position as a leading operator in the high-value, low-price fitness sector. Since North Castle’s initial partnership with the founders in 2019, CR Fitness has grown from 19 to 90 clubs and expanded into 4 additional states. The founders will continue to lead the company through its plan to open additional 100+ clubs over the next five years.

For more than 25 years, partnering with founder entrepreneurs has been a cornerstone of North Castle’s mission and an integral part of our success. Since NCP’s inception, the majority of our investments have benefited from a founder entrepreneur holding a senior position at the company following North Castle’s investment. Today, more than 90% of our current partner companies have a founder serving as CEO or in another leadership role, with founders holding leadership positions in each of the 11 companies (100%) of our most recent fund.

North Castle’s vision is to realize the exponential power of values-based partnerships to help entrepreneurs and their companies consistently achieve their full potential. Founders often choose to partner with North Castle because of our focused, hands-on approach and relevant knowledge, experience, and resources.

Many of our partnerships with founders continue through exit whether the realization allows the founders to further grow the company or as a sale to a strategic buyer solidifying the company’s legacy. Following exit, some founders continue their partnership with North Caste in an advisory capacity. Sami Elsaden, founder of Contigo (sold to Newell Rubbermaid in 2014), and Dennis Lee and Tim Porth, co-founders of Octane Fitness (sold to Nautilus in 2015), are still members of the NCP team today.

If you are a founder looking to learn more about North Castle Partners and our partnership-focused and values-based approach to investing, please visit www.northcastlepartners.com.

SOURCE North Castle Partners, L.L.C.

Despite rapid advances in AI capabilities, today’s AI agents can’t remember. Users constantly re-paste context to LLMs, re-explain preferences, and watch coding assistants repeat rejected solutions. This memory gap makes personalization and long-term learning nearly impossible. Developers spend valuable time building memory systems instead of focusing on what makes their applications unique. Workarounds like RAG pipelines or overloading context windows fail to provide true persistence and efficiency.

“Every agentic application needs memory, just as every application needs a database,” says Taranjeet, Co-founder and CEO of Mem0. “We’re using this funding to become the default memory layer for AI agents, making LLM memory accessible and reliable for all developers.”

Mem0 provides production-ready agent memory infrastructure that developers can integrate with just three lines of code. Their memory layer stores important information from past interactions, forgets outdated and conflicting information, and recalls relevant details. Since launching, they’ve reached 41,000 GitHub stars and 14 million downloads, with API calls growing from 35 million in Q1 to 186 million in Q3 2025.

Thousands of teams, from startups to Fortune 500 companies, now use Mem0 in production. Frameworks like CrewAI, Flowise, and Langflow use it natively, and AWS chose Mem0 as the exclusive memory provider for its Agent SDK.

Developers can get started today at www.mem0.ai or explore the open-source GitHub repository.

About Mem0: Mem0 is a San Francisco based startup founded by Taranjeet Singh (formerly with Paytm and Khatabook) and Deshraj Yadav (formerly with Tesla). The platform enables developers to add persistent AI memory to their systems with just three lines of code. Backed by Y Combinator, Basis Set Ventures, Peak XV Partners and leading technology executives, Mem0 has become the go-to provider for AI agent memory across the AI ecosystem. Learn more at www.mem0.ai.

SOURCE Mem0.ai

• OceanPal launches SovereignAI focused on commercializing the NEAR Protocol
• Deep alignment on a shared vision for universal AI sovereignty with the NEAR Foundation will facilitate the implementation of a NEAR treasury strategy
• Capital generated from treasury management strategy will be used to build a unique blockchain-native, confidential AI-cloud infrastructure using NVIDIA tech and powered by NEAR

ATHENS, Greece and NEW YORK, Oct. 28, 2025 — OceanPal Inc. (“OceanPal”, “OP”, NASDAQ: OP), today announced the closing of a $120M private investment in public equity transaction for the purchase and sale of common stock and/or pre-funded warrants to purchase shares of common stock (the “Offering”). The Company intends to use the net proceeds of the transaction to implement a digital asset treasury strategy through its new wholly owned subsidiary, SovereignAI Services LLC (“SovereignAI”), focused on commercializing the NEAR Protocol, a blockchain platform architected for Artificial Intelligence (“AI”) use cases. As a result of this transaction, OP, through SovereignAI, is expected to serve as the leading public investment vehicle to gain exposure to NEAR, the NEAR Protocol’s native token, and the foundational AI infrastructure needed to enable agentic commerce.

The NEAR Protocol’s focus on agentic AI & chain abstraction aligns with increasing institutional interest in automation, compliance, and scalable AI infrastructure, proven by continued support from leading TradFi and crypto-native funds. NEAR’s AI-centric tech stack allows AI agents to function as independent economic actors, allowing them to transact, manage assets, and make automated decisions, all while maintaining data privacy, governance, and economic rights of their end users. 

SovereignAI intends to monetize its infrastructure business by accumulating NEAR with the objective of acquiring at least 10% of the NEAR token supply over time. SovereignAI represents an evolution in the treasury company landscape, moving beyond passive accumulation models to focus on the successful execution against operating and infrastructure businesses, leveraging the yield from its balance sheet to build an innovative unique blockchain-native, confidential AI infrastructure.

“We believe NEAR presents the greatest asymmetric upside across mature projects in the digital asset market, which we aim to capture and offer to our shareholders,” said OceanPal’s newly appointed Co-CEO, Sal Ternullo. “This is a public company launching as an active, strategic partner with the NEAR Foundation to advance a shared vision of universal AI sovereignty by leveraging the NEAR Protocol’s vertically integrated AI products and rails, which were purpose-built for these exact use cases. We plan to use this decentralized, confidential compute infrastructure to capitalize on the explosive demand for privacy-first, regulatory compliant AI across enterprise markets including finance, healthcare, and media while enabling businesses and consumers to maintain control and ownership.”

Mr. Ternullo brings deep expertise in early-stage investing, asset management, and working with frontier technologies at firms like State Street, KPMG, most recently serving as General Partner at A100x. The OP executive team also includes newly appointed Chief Operating Officer (“COO”), David Schwed, who brings extensive experience in information security and privacy in both traditional financial institutions and crypto-native contexts, working at firms including BNY and Galaxy, while most recently serving as the Chief Information Security Officer for Brokerage & Money at Robinhood.

“SovereignAI is positioned at the convergence of two massive transformations – AI and digital ownership,” said Mr. Schwed. “Our strategy goes beyond treasury management to actively build the infrastructure enabling user-owned, privacy-preserving AI at scale. NEAR Protocol’s architecture provides the trust, security, and economic alignment necessary to realize true AI sovereignty and unlock the next generation of autonomous agent commerce.”

The strategy is supported by NEAR Protocol ecosystem-aligned strategic advisors, leading investors, and operating partners. The NEAR Foundation and the following key individuals will not only contribute capital to the transaction but will also support the strategy on a go-forward basis. OP has constructed a world class Advisory Board for SovereignAI chaired by Illia Polosukhin, CEO & co-founder NEAR Foundation, alongside, Richard Muirhead (founder, Fabric Ventures & NEAR Foundation Council member since inception), Lukasz Kaiser (OpenAI), Philippe Sachs (Nscale), Andy Brown (Sandhill East), and Jackie Kennedy (Quicknode) providing direct access to AI experts, hyperscalers and infrastructure companies to deliver on its mission.

“We are very pleased to welcome SovereignAI to the NEAR ecosystem,” said Mr. Polosukhin, CEO & co-founder NEAR Foundation. “I look forward to working with them to realize a shared vision of achieving true universal AI sovereignty by enabling private, user-owned AI and autonomous agent commerce. We believe the NEAR Protocol’s AI-centric tech stack will allow user-owned AI to meet its moment.”

The transaction involved several strategic participants, including crypto-native investors such as Kraken, Proximity, Fabric Ventures, G20 Group – among others. Clear Street LLC and Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC (“CCM”), served as financial advisors and placement agents to SovereignAI. Sealion Capital LLC served as advisor to OceanPal Inc.

Reed Smith LLP served as legal advisor to NEAR Foundation and will represent SovereignAI following the closing of the Offering. Paul Hastings LLP served as legal advisor to Clear Street LLC and CCM, and Seward & Kissel LLP acted as legal advisors to OceanPal Inc.

Following the transaction, OP will continue to operate as a global provider of shipping transportation services, specializing in the ownership and operation of dry bulk vessels and product tankers. OP expects to continue its seaborne transportation of bulk commodities as well as refined petroleum products.

Securities Disclaimers:

The information provided in this press release is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. Investment in cryptocurrency and NEAR projects involves substantial risk, including the risk of complete loss. This press release does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions.

The offer and sale of the securities in the Offering, including the shares of common stock underlying the pre-funded warrants, was made to institutional accredited investors in a transaction not involving a public offering pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and have not been registered under the Securities Act or applicable state securities laws. Accordingly, the securities issued in the Offering and shares of common stock underlying the pre-funded warrants may not be offered or sold in the United States except pursuant to an effective registration statement with the Securities and Exchange Commission (“SEC”) or an applicable exemption from the registration requirements of the Securities Act and such other applicable state securities laws.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

The private placement was conducted in accordance with applicable Nasdaq rules and was priced to satisfy the “Minimum Price” requirement (as defined in the Nasdaq rules).

About OceanPal Inc.

OceanPal Inc. is a global provider of shipping transportation services, specializing in the ownership and operation of dry bulk vessels and product tankers. OP is engaged in the seaborne transportation of bulk commodities, including iron ore, coal, and grain, as well as refined petroleum products. OP’s fleet is primarily employed on time charter trips with short to medium duration and spot charters, with a strategic focus on maximizing long-term shareholder value.

About SovereignAI

SovereignAI is a wholly owned subsidiary of OP formed to implement the company’s digital asset treasury strategy, and developer of confidential AI infrastructure offering a superior path to get exposure to the intersection of AI and blockchain in the public markets. SovereignAI will use NEAR Protocol’s purpose-built technology to establish private, user-owned agentic commerce. Funds generated by SovereignAI’s holistic treasury management strategy of NEAR tokens will be used to further the Company’s goal of building unique blockchain-native AI infrastructure.

To learn more about SovereignAI, please visit: https://www.svrn.net/

Media Contact: [email protected]

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements are statements other than historical facts and include, without limitation, statements regarding the potential for and amount of additional cash proceeds from warrant exercises, the anticipated use of proceeds from the announced Offering, future announcements and priorities, expectations regarding management, corporate governance, market position, business strategies, future financial and operating performance, and other projections or statements of plans and objectives.

These forward-looking statements are based on current expectations, estimates, assumptions, and projections, and involve known and unknown risks, uncertainties, and other factors—many of which are beyond OP’s control—that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Important factors that may affect actual results include, among others, OP’s ability to execute its growth strategy; its ability to raise and deploy capital effectively; developments in technology and the competitive landscape; the market performance of NEAR; and other risks and uncertainties described under “Risk Factors” in OP’s Annual Report on Form 20-F filed with the SEC on April 15, 2025, and in other subsequent filings with the SEC. These filings are available at www.sec.gov. OP undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

SOURCE OceanPal Inc.

Funding will accelerate expansion of community-driven wellness platform that’s pioneering the movement from nightlife to “daylife”

AUSTIN, Texas, Oct. 28, 2025 — Sweatpals, the community-driven fitness platform transforming how people build meaningful connections through movement, today announced it has raised $12 million in funding led by Patron, a16z speedrun, and Kevin Hart’s HartBeat Ventures. The investment will fuel Sweatpals’ national expansion and platform development as it launches tools that help gyms, studios, instructors, and wellness hosts turn their communities into thriving social ecosystems, in turn helping like-minded people find each other through fitness.

As Americans increasingly trade late nights for early mornings, the way people socialize is changing. Only 54% of adults now drink alcohol, the lowest rate ever recorded, while younger generations are choosing wellness and movement as their new way to find community. Sweatpals is leading that shift by pioneering the “daylife movement” – where wellness experiences replace nightlife as the primary way people connect, helping people meet, move, and build real friendships through shared fitness experiences instead of drinks or swipes.

Sweatpals empowers users to not only discover fitness classes, events, and communities, but also become hosts themselves, creating sustainable income streams while building authentic connections in their communities. Sweatpals brings, on average, 30% additional customers to each host on the platform.

“When I first saw Sweatpals, I immediately recognized it as the future of how we connect,” said Kevin Hart, entertainer and founder of HartBeat Ventures. “As someone who’s built my career on bringing people together through entertainment, I see Sweatpals doing the same thing through fitness. They’re leading a movement that makes wellness accessible, social, and fun, and it’s exactly the kind of innovation that excites me as an investor.”

“Sweatpals represents a fundamental shift in consumer social behavior,” said Andrew Chen, General Partner at a16z speedrun. “While others focus on digital engagement, Sweatpals drives real-world community formation with built-in monetization. They’ve cracked the code on making community building both meaningful and economically sustainable.”

Co-founded by Salar Shahini and Mandi Zhou, two tech entrepreneurs who personally experienced the power of fitness and movement in creating belonging, Sweatpals has rapidly become a home for studios owners, event organizers, and everyday people seeking connection through movement.

“We’re building the infrastructure for human connection in an increasingly lonely world,” said Salar Shahini, Founder and CEO of Sweatpals. “This funding allows us to accelerate our vision where every gym, studio, park, and community space becomes a hub for meaningful relationships – where daylife becomes as iconic as nightlife once was.”

The new capital will accelerate:

• Studio, Gyms & Event Tools: Launching innovative platform features for studios, gyms, memberships and event organizers.
• Nationwide Expansion: Expanding to 12 new markets by early 2026.
• Host Monetization: Enhancing features that help hosts and organizers earn more through their communities.
• Social Tools: Bridging the gap between attending a fitness experience and connecting with like-minded people.

“What excites us most is how Sweatpals empowers everyday people to become community leaders and entrepreneurs,” said Mandi Zhou, co-founder of Sweatpals. “We’re seeing yoga instructors, run club organizers, and fitness enthusiasts turn their passion into purpose – building communities that truly change lives.”

The investment also included participation from Max Mullen (Instacart co-founder), WndrCo (Jeffrey Katzenberg, founder of Dreamworks Animations), Antler, Pear, and Deb Liu (Facebook Marketplace, Ancestry CEO). This funding round brings Sweatpals’ total funding to $17.2M.

“Sweatpals is turning wellness into the new social currency,” said Amber Atherton at Patron. “They’re bridging tech, community, and culture to create lasting change in how people connect – that’s a movement worth backing.”

Sweatpals is available nationwide and growing rapidly, with a presence in 24 cities and plans to launch in 12 more markets by early 2026. From studios to social clubs, Sweatpals is becoming the go-to platform for the next generation of community-first wellness experiences.

About Sweatpals

Sweatpals is a marketplace for IRL fitness experiences that transforms how people build meaningful connections through movement. Sweatpals is pioneering what it coined as the ‘Daylife’ movement – making wellness the new social currency. Sweatpals is backed by leading investors including a16z speedrun, Patron, Founders of Instacart and HotelTonight, and Kevin Hart’s HartBeat Ventures. Learn more at www.sweatpals.com.

SOURCE Sweatpals

AI-powered platform accelerates root cause analysis and empowers engineers to resolve incidents faster and with greater accuracy

NEW YORK, Oct. 28, 2025 — Wild Moose, the AI-powered Site Reliability Engineering (SRE) platform acting as a first responder for production incidents, today announced its emergence from stealth with $7 million in seed funding. The round was led by iAngels, with participation from Y Combinator, F2 Venture Capital, Maverick Ventures, and others. The company is also backed by a distinguished group of angel investors representing the forefront of AI research and reliability engineering, including Joel Pobar (AI researcher at Meta Superintelligence Labs, formerly Anthropic), Jeremy Edberg (Founding SRE at Reddit & Netflix) and Arash Ferdowski (Co-Founder of Dropbox).

Founded in 2023 by Yasmin Dunsky (CEO), Roei Schuster (CTO), and Tom Tytunovich (VP R&D), Wild Moose is pioneering a new category of AI-first responders for incident response. The platform automates triage, gathers context across fragmented observability and collaboration tools, pinpoints root causes, and recommends next best actions, all in real time, and under one minute. Early customers including Wix, Redis, GoFundMe, and Lemonade are already leveraging Wild Moose to shrink mean time to resolution (MTTR) by up to 80%, while reducing alert fatigue and freeing engineers to focus on building rather than firefighting.

“We were early to see the opportunity to apply generative AI to incident response, even before ChatGPT launched,” said Yasmin Dunsky, CEO and Co-Founder of Wild Moose. “Root cause analysis is one of the hardest problems in engineering, and in a critical workflow there’s no room for hallucinations or half-baked solutions. We know that there is no tolerance for generic recommendations and that developers want a tool that understands their system at least as well as they do. Wild Moose leverages the benefits of AI without compromising the control that engineering teams need, providing hyper-personalized, accurate, explainable results that engineers can trust, even in the most complex systems. We are deeply grateful to our investors for backing us in this mission.”

Most tools in incident management stop at alerting, correlation, or summarization. Wild Moose goes further, it conducts a structured investigation. On alert, the platform automatically gathers logs, metrics, traces, recent code changes, and incident history. It then cross-references anomalies, validates hypotheses against raw telemetry, determines the root causes, and then provides the steps that need to be taken. Instead of overwhelming teams with imprecise and generic recommendations and new user interfaces, Wild Moose surfaces the bottom line directly into Slack or Teams, where engineers already work, acting as another team member rather than another tool to manage. Wild Moose continuously codifies tribal knowledge into dynamic, self-updating playbooks that evolve with every incident and improves over time. The platform was built enterprise-first, with SOC 2–compliant controls, read-only integrations, in-memory data processing, and end-to-end encryption to ensure sensitive data is never exposed. The result is an SRE platform that delivers speed, accuracy, and trust at once, a combination rarely achieved in incident response.

The new funding will be used to scale operations, expand product development, and accelerate go-to-market efforts. After achieving impressive results with enterprise customers and proving to be extremely reliable in high-stakes tasks, Wild Moose will continue to build out its go-to-market team and invest in business development to deepen adoption among global enterprises where reliability, uptime, and resilience are directly tied to revenue and reputation.

“Wild Moose represents a new era in engineering,” said Mor Assia, Founding Partner at iAngels. “As teams increasingly leverage AI to develop and deploy faster, reliability becomes the foundation of trust between businesses and their customers. Wild Moose acts as the AI member of the R&D team, one that never sleeps, never misses a signal, and ensures consistency and quality at every step. It’s the silent force that protects uptime and performance, preventing the costly disruptions that can impact both revenue and reputation. We see it as a true competitive advantage, the game changing kind of technology every company will soon rely on to maintain excellence at scale.”

“I’ve spent enough time in the trenches at Reddit and Netflix to know what actually matters when things are on fire,” said Jeremy Edberg, angel investor in Wild Moose and founding SRE at Reddit and Netflix. “Most observability tools just throw more dashboards at you, but Wild Moose actually learns how your systems work and acts like having another senior engineer on call. It’s not just summarizing logs, it’s connecting the dots between your code changes, your metrics, and that weird spike at 3 a.m. When you’re trying to keep a site up for millions of users, you need tools that think like engineers, not just tools that generate pretty graphs. That’s what Wild Moose gets right.”

About Wild Moose

Wild Moose is an AI-powered Site Reliability Engineering (SRE) platform that helps engineering teams resolve production incidents faster and with less effort. Acting as a first responder, Wild Moose automates triage, gathers context across tools, identifies root causes, and recommends next steps in real time. By reducing downtime, minimizing alert fatigue, and converting tribal knowledge into dynamic playbooks, Wild Moose enables organizations to maintain reliability at scale, without expanding on-call burden or headcount. Led by three technical co-founders – Yasmin Dunsky, Roei Schuster, and Tom Tytunovich – the company combines deep expertise in AI, reliability, and large-scale distributed systems. CTO Roei Schuster holds a Ph.D. from Cornell University specializing in Large Language Models, bringing cutting-edge academic insight into the design of Wild Moose’s intelligent investigation engine. To read publications by Roei Schuster, click here. Backed by Maverick, F2, iAngels and Y Combinator and trusted by companies including Wix, Redis, GoFundMe, Lemonade, and many others, Wild Moose is redefining incident response with speed, accuracy, and intelligence. To learn more, visit www.wildmoose.ai or contact Wild Moose at [email protected].

SOURCE Wild Moose

Venture Capital Veteran Brings Expertise to Help Technical Founders Go From Ideation to IPO

BOSTON, Oct. 28, 2025 — Encoded Ventures, a new early-stage venture capital firm founded by 20-year investing veteran Alex Benik, today announced its official launch and the latest in a series of investments focused on infrastructure software innovation.

Benik previously spent 22 years investing in infrastructure and security at Battery Ventures, a global, technology-focused investment firm, where he worked on investments in Habana Labs, Cumulus Networks, Nobl9, Opsgenie, and Guardicore. With Encoded, Benik sets his focus on infrastructure companies, targeting early-stage (inception, pre-seed, and seed) businesses in three critical areas: cloud infrastructure, data and AI infrastructure, and cybersecurity.

“Having known Alex for more than 20 years, I’ve seen firsthand his commitment to technical founders and early-stage businesses. Encoded is a natural extension of that passion. He’s a true mensch, and I’m proud to support him as a friend, investor, and advisor.” – Scott Tobin, Battery Ventures

In the investment community, Encoded Ventures sets itself apart by combining deep technical expertise with strong business acumen, which stems from Benik’s extensive background in infrastructure and enterprise software. Since establishing Encoded Ventures in 2024, Benik has invested in 10 early-stage businesses, including ConfigHub, DataFlint, Datum, Tenzai, Jazz Security, IPXO, and Atero AI, which was recently acquired by Crusoe. Half of Encoded’s investments to date are based in Israel where he has been deeply involved with start-ups for 15 years.

“Alex backed Atero at the earliest stage. After our first meeting at my prior company, I knew I wanted to work with him. His guidance, advice, and relationships in LLM infrastructure made him one of our most impactful investors. Now, with Atero’s acquisition by Crusoe, I’m eager to see as many of Encoded’s GPU-hungry companies running on our cloud as possible.” – Alon Yariv, Atero AI / Crusoe

“Modern infrastructure is undergoing radical transformation, and it’s vital that the founders get the help they need early on to successfully bring their products from idea to achieving early traction,” said Alex Benik, founder of Encoded Ventures. “Investing in the earliest stages of company formation, pre-product and often just the team, Encoded Ventures is seeking out next-generation companies that will provide the necessary infrastructure to drive continued growth and innovation across the infrastructure stack. Tapping decades of experience in working closely with technical founders from Day Zero, we understand what it takes to help them go from an idea to a company that scales with precision and purpose.” 

About Encoded Ventures

Encoded Ventures is an early-stage venture capital firm investing in the next wave of cloud, data, and security infrastructure companies. Founded by Alex Benik after more than 20 years at Battery Ventures, Encoded partners with technical founders at the very earliest stages—typically pre-product, pre-revenue. The firm takes a hands-on, thesis-driven approach and invests globally, with a growing presence in Israel and North America. For more information, visit https://encoded.vc/.

Media Contact:
Richard Lalosh
[email protected] 
+1(607) 287-9966
guyergroup.com

SOURCE Encoded Ventures

BOSTON and LONDON, Oct. 28, 2025 — Indico Data, the leader in AI-powered automation for insurance operations, today announced a strategic investment from Aviva Ventures, the corporate venture capital fund for Aviva plc, one of the UK’s largest insurers. The investment reinforces Indico’s growing leadership in the London Market and its expanding adoption among global property and casualty carriers.

As part of the investment, Arslan Hannani, Chief Innovation Officer at Aviva, will join Indico’s Board of Directors as a Board Observer and Advisor.

“This partnership underscores the increasing demand for intelligent automation that transforms how insurers handle the critical ‘front door’ of their business — from submission ingestion to claims intake to policy servicing and beyond,” said Tom Wilde, CEO of Indico Data. “Aviva’s investment and Arslan’s participation on our board validate Indico’s vision for the agentic insurance enterprise and our mission to help carriers turn unstructured data into competitive advantage.”

Aviva Ventures invests in companies driving transformation across insurance and financial services through emerging technologies and new business models.

“Indico’s technology is reshaping how insurers operate by bringing AI deeper into core workflows,” said Arslan Hannani, Chief Innovation Officer at Aviva. “We’ve seen firsthand the impact Indico is having in streamlining operations and unlocking new efficiencies, particularly in complex markets like London and beyond. We’re excited to support its continued growth.”

This investment builds on Indico’s growing footprint among top global carriers, who leverage its Agentic AI platform to automate underwriting, claims, and operations processes that depend on unstructured data.  Aviva’s investment follows a strategic investment from Guidewire earlier in 2025.

About Indico Data

Indico Data is the leading provider of AI solutions that automate complex insurance operations by transforming unstructured data into actionable insights. Trusted by leading carriers across North America and the London Market, Indico’s Agentic AI platform enables insurers to streamline underwriting, claims, and policy operations while improving accuracy, speed, and compliance.
 www.indicodata.ai

About Aviva Ventures

Aviva Ventures is the corporate venture capital fund for Aviva plc, one of the UK’s leading insurance, wealth, and retirement businesses. Aviva Ventures invests in early- and growth-stage companies driving innovation across insurance, financial services, and sustainability.
 www.aviva.com

SOURCE Indico Data