• Co-Led by RAED Ventures and Wa’ed Ventures, with participation from Dhahran Techno Valley’s Venture Capital arm and strategic angels
• Funding will accelerate the deployment of Think’s integrated hardware and orchestration platform, designed to reduce the cost and complexity of AI

RIYADH, Saudi Arabia, July 15, 2026 — Think, the Saudi-based company building a new generation of intelligent, unified hardware and software infrastructure for artificial intelligence, today announced it has raised over $8 million in pre-seed funding, marking the largest AI infrastructure and deeptech pre-seed round in MENA to date.

The round is being co-led by RAED Ventures and Wa’ed Ventures, with participation from Dhahran Techno Valley’s Venture Capital arm and strategic angel investors. The capital will support team expansion, manufacturing scale-up, product development, and international growth initiatives as Think rapidly accelerates deployments across Saudi Arabia and expands its presence across the GCC and selected global markets.

Think is focused on solving the next major challenge in AI adoption by reducing the cost and complexity of AI infrastructure while dramatically improving efficiency. Its technology combines high-density, liquid-cooled multi-GPU compute nodes with proprietary bare-metal orchestration software, enabling companies of any size to deploy AI models more efficiently, securely, and cost-effectively while maximising all available compute capacity.

Think was founded by Ahmed AlSharif, a technology leader whose career includes senior roles at Meta, Sony PlayStation Europe and EA Games, alongside enterprise technology veteran Ammar Enaya, whose career spans leadership positions at Cisco, HPE Aruba and Vectra AI.

“As the industry moves beyond the race for bigger models and larger data centres, a new age of efficiency is beginning,” said CEO Ahmed AlSharif. “AI infrastructure today is expensive, inefficient, and increasingly difficult to scale. Think exists to help organisations do more with the compute they already have, offering an alternative to the industry’s current obsession with bigger, faster and more expensive.”

Think’s approach combines proprietary AI Node hardware with ILM, a software orchestration layer designed to maximise GPU utilisation, lower token costs, and reduce the overall cost of deploying AI. In production benchmark testing, the platform achieved sustained GPU utilisation of more than 90%, compared with industry averages of 30–50%, with a per-million-token cost that’s almost 10x lower than the average cost of using frontier models from Google, OpenAI, and Anthropic.

This is all achieved using existing, widely available GPUs, and doesn’t require proprietary or specialist inference hardware. The platform will soon support mixed-vendor and specialist inferencing silicon working in tandem for both inferencing and training.

With Saudi Arabia accelerating its ambitions to become a global leader in artificial intelligence, the firm is building what it describes as the engine room of the AI era: the integrated infrastructure layer that powers secure, efficient, and sovereign AI deployments across the Kingdom and the wider GCC.

The company is already engaged in multiple proofs of concept, production deployments, and strategic partnerships across Saudi Arabia, including participation in the Kingdom’s rapidly evolving AI ecosystem alongside initiatives such as HUMAIN.

“Our customers want the benefits of AI without the spiralling costs, security concerns, and dependence associated with hyperscale cloud providers,” said Ammar Enaya, co-founder of Think. “We’re seeing strong demand from enterprises, start-ups and government organisations looking for infrastructure that delivers the performance they need, with an approach that gives them total control and ownership.”

The funding brings together investors who share Think’s belief that the next generation of AI will be defined not only by more powerful models, but by more efficient, sovereign and economically sustainable infrastructure.

Wael Nafee, General Partner, RAED Ventures: “The next generation of AI leaders will be defined not only by the models they build, but by the infrastructure that makes AI practical, affordable and sovereign. Think is tackling one of AI’s biggest challenges with technology that improves efficiency while giving organisations greater control over their AI capabilities. We believe the team is building a category-defining company from Saudi Arabia with global potential.”

The funding round comes as organisations worldwide seek alternatives to traditional AI deployment models amid rising GPU costs, increasing concerns around data sovereignty, and growing pressure to both improve the economics and reduce the environmental impact of AI. Think’s integrated approach combines hardware, software, and cooling technologies into a single platform that can be deployed across data centres, offices, laboratories, and edge environments.

Eng. Anas Algahtani, CEO, Wa’ed Ventures: “Saudi Arabia has a unique opportunity not only to adopt AI, but to build the infrastructure that powers it. Think is resolving one of the industry’s biggest challenges by making AI deployment more efficient, scalable and sovereign, and we’re proud to support its next stage of growth.”

Faizan Baig, Chief Investment Officer, Dhahran Techno Valley (DTV): “Sovereign and efficient AI infrastructure is foundational to every country’s AI ambitions. Think is tackling one of the sector’s most pressing challenges by helping organisations deploy and scale AI while maintaining control over cost, security and data.”

With the funding now secured, Think plans to accelerate commercial deployments across Saudi Arabia while expanding its platform and international presence. The company plans to expand across the GCC over the next 18 months while accelerating development of ILM as a standalone software platform, supporting Saudi Arabia’s ambitions to become a global hub for next-generation AI infrastructure.

About Think

Think is dedicated to making AI superintelligence affordable, efficient, and accessible to everyone. Think’s unified approach to AI infrastructure combines intelligent software with high-performance hardware to address the most critical technical bottlenecks in AI deployments today, including cooling, power efficiency, and GPU utilisation.

Think was created to empower organisations, enterprises, and governments to achieve true AI sovereignty with full security and data privacy, without relying on traditional data centres or cloud dependencies.

Founded by games industry veteran Ahmed AlSharif (formerly of PlayStation, EA, and Meta) and seasoned technology leader Ammar Enaya (formerly of Cisco and HPE), Think is based in Riyadh, Saudi Arabia.

About RAED Ventures

RAED Ventures is a MENA-focused venture capital firm with over $550 million in assets under management. Founded in 2015, RAED Ventures partners with exceptional founders across MENA from seed to growth stages, backing category-defining technology companies and helping them scale into regional and global market leaders.

About Wa’ed Ventures

Wa’ed Ventures is a $500 million institutional venture capital firm wholly owned by Aramco to promote economic diversification and new business growth in the Kingdom by investing in high-growth tech startups across multiple sectors. Established in 2013, Wa’ed Ventures manages a portfolio of 100+ startups, providing end-to-end support to startups from funding to providing access to partner resources. The company is located in the city of Dhahran, Saudi Arabia. For more information, please visit: https://www.waed.com/

About Dhahran Techno Valley

Dhahran Techno Valley (DTV) is Saudi Arabia’s emerging hub for deep-tech innovation, bringing together world-class research, industry, capital, and entrepreneurship. Anchored by King Fahd University (KFUPM), DTV is home to more than 15 multi-national research centres and 65 deep-tech startups, and collaborates with more than 20 Fortune Global 500 companies to accelerate the commercialisation of breakthrough technologies. DTV’s newly established venture capital arm operates as an independent investment vehicle, backing high-potential local and international deep-tech startups while creating pathways for their expansion into the regional market. Visit dtv.sa for more information.

For more information, visit www.think-ai.com.

SOURCE Think

LAS VEGAS, July 14, 2026 — • Inside the world’s largest organisations, AI agents are no longer experimental. They are executing in production — modifying financial records, triggering payments, approving workflows, and acting with the full operational authority of the enterprises that deployed them. By every credible estimate, the volume and consequence of these actions will increase by an order of magnitude within 24 months.

Yet no infrastructure layer exists to govern what these agents actually do. No systematic policy enforcement before action. No immutable audit trail after. No deterministic control between an agent’s intent and its real-world consequence. The most consequential technology shift in enterprise history is unfolding without an accountability layer.

Today, that changes. Devenex — the Execution Control Plane for AI agents — launches at Google Cloud Next 2026, introducing enterprise-grade governance infrastructure that sits between agent intent and real-world execution. Every action is policy-evaluated, explicitly authorised, identity-bound, and recorded as audit-grade evidence — before it takes effect, giving new life to enterprise AI initiatives.

Devenex is not a monitoring tool. It is not a workflow engine. It is the control plane that ensures no AI-initiated action executes without governance — giving CIOs, CTOs, CROs and enterprise security leaders the confidence to deploy agents at scale without sacrificing accountability.

THE STRUCTURAL GAP

Analyst consensus has converged on a single conclusion: enterprise AI execution capability is outpacing the controls designed to keep it accountable.

Gartner projects that by 2028, a third of enterprise software will incorporate agentic AI — up from less than one percent in 2024. McKinsey identifies governance and risk as the primary barriers to scaling enterprise AI, ahead of model quality or talent. Deloitte’s 2026 enterprise survey finds that 80 percent of leaders piloting AI agents cite security and compliance as the leading obstacle — up from 68 percent a year earlier.

The pattern is consistent across every credible source: enterprises are deploying agents faster than they can govern them. An AI agent that modifies a customer record, approves a discount, or initiates a wire transfer without a governing policy layer is not automation. It is an unmanaged compliance event, a latent security exposure, and a board-level liability.

Devenex addresses this gap at the infrastructure level — not as a feature bolted onto existing tools, but as a purpose-built control plane designed for governed enterprise execution from the ground up.

THE EXECUTION CONTROL PLANE

Devenex operates as the authorisation and governance layer between enterprise decision-making — whether initiated by humans, AI agents, or automated systems — and the execution of actions across enterprise systems of record.

Every action processed through Devenex produces four structured artifacts:

Intent Record. 

Execution Plan. 

Governed Execution. 

Execution Evidence. 

This model ensures that enterprises maintain full traceability from intent to outcome — satisfying EU AI Act, SOC 2, ISO 42001, and sector-specific regulatory requirements.

ENTERPRISE CAPABILITIES

Pre-Execution Policy Enforcement.  Every agent action is evaluated against organizational policy before execution. Nothing executes unchecked. Enterprises gain control over what agents are permitted to do — reducing compliance risk and eliminating ungoverned action.

Dynamic Human-in-the-Loop Governance.  High-consequence actions are routed to designated reviewers without halting low-risk automation. Approval workflows are configurable at the agent, action, or policy level — ensuring human oversight where it matters without creating operational bottlenecks.

Immutable Audit Infrastructure.  Every governed execution is recorded to an append-only ledger. Enterprises gain continuous compliance evidence without manual reporting.

Unified Observability Across Agents.  Live and retrospective visibility into agent activity, policy adherence, and anomaly patterns. Security, compliance, and operations teams share a single authoritative view of enterprise execution.

BUILT FOR ENTERPRISE REALITY

Devenex delivers flexible deployment models—SaaS, hybrid, and self-deployed—enabling organizations to adopt at their own pace.

Engineered to be framework-agnostic and cloud-native, Devenex integrates seamlessly across diverse enterprise environments. The platform does not replace existing systems of record, integration platforms, or identity providers. It governs execution across them.

LEADERSHIP

“For four decades, Abacus has earned the trust of enterprises navigating their most consequential technology transitions. Devenex represents the next chapter — purpose-built infrastructure for a world where AI agents execute with the authority of the organisations that deploy them. Governance at this layer is not optional. It is a precondition for enterprise AI at scale.”

— Aly Kuly Khan
Co-Founder & Chairman, Devenex

“For four decades, we’ve built the layers enterprises run on — systems of record, integration, workflow automation, API and iPaaS governance. Each wave solved the problem the previous one created. Today, AI agents are executing actions on architecture that was never designed to govern them. This isn’t an AI problem. It’s an architectural gap — and it’s the one our experience has prepared us to solve. Enterprises cannot answer four questions about any agentic action: who authorized it, what policy governed it, why it executed as it did, and whether they can prove it after the fact. In regulated environments, these aren’t edge cases — they’re the baseline. Devenex is the execution control plane that answers all four, by design, at execution time.”

— Shoaib A. Khan
Co-Founder & CEO, Devenex

AVAILABILITY & ENGAGEMENT

Devenex is available immediately, with deployment support from Abacus teams across the globe.

Enterprise pilot programmes are open to qualified organisations seeking to bring governed execution to production AI workloads.

Learn more at www.devenex.com

THE ROAD AHEAD

Enterprise AI is entering its execution era. The question is no longer whether agents can act — it is whether they can act accountably. The organisations that solve this first will scale AI faster, operate with greater confidence, and carry less risk than those that treat governance as a downstream problem.

Devenex exists to make governed execution the default operating model of the enterprise. Not as an aspiration. As infrastructure.

About DevenEx

Devenex is the Execution Control Plane for AI agents — enterprise infrastructure that governs every action across systems with policy enforcement, explicit authorisation, and audit-grade evidence. Built for the agentic era, Devenex sits between intent and execution so that no enterprise action moves forward ungoverned. Devenex is built by the team behind Abacus, bringing four decades of enterprise trust to AI execution governance.

About Abacus

Abacus is a global professional services leader in technology, outsourcing, and people solutions. With nearly 40 years of experience, 5,000+ professionals across four continents, and 1,500+ enterprise clients, Abacus designs bespoke solutions that enable organisations to create the future of business and embrace change for sustainable growth.

Media Contact

Devenex
www.devenex.com
Shoaib Khan
[email protected]
+1 (347) 701-4221

SOURCE DEVENEX

NEW YORK, July 14, 2026 — Debevoise & Plimpton LLP announced today that Zahra Sowder has joined the firm as a partner in its Fund Finance practice in New York.

Ms. Sowder advises private funds and financial institutions on a broad range of complex fund financing transactions, including subscription lines and NAV facilities, as well as bespoke financing solutions for LP and GP stakes. She also has extensive experience advising corporate borrowers on asset-based financings.

Presiding Partner Peter Furci said, “We continue to invest in our private capital platform to meet growing client demand for sophisticated financing solutions across the fund lifecycle. Zahra’s deep experience in this area, together with her longstanding connection to Debevoise and many of our clients, makes her an exceptional addition to the firm.”

Co-Chair of the Fund Finance Group Ramya Tiller said, “Private capital clients need sophisticated financing advice to support liquidity, fundraising and investment activity. Zahra has deep experience across the products our clients are using most actively, including NAV facilities across all strategies and other complex fund financing solutions. Having previously practiced at Debevoise, Zahra can contribute immediately to our growing practice.”

Ms. Sowder said, “Debevoise played an important role earlier in my career and is ideally suited for this next stage of my practice, especially given its specialized and growing fund finance practice. I look forward to working with colleagues and clients I know well and contributing to the continued growth of the practice.”

Ms. Sowder joins Debevoise from the New York office of another international law firm and previously practiced at Debevoise for more than 15 years as an associate and counsel. She received her J.D. from UCLA School of Law in 2008 and her B.A. from Vassar College in 2002.

SOURCE Debevoise & Plimpton LLP

BROOKLYN, N.Y., July 14, 2026 — ICW Holdings, LLC (“ICW”), an investment management firm, today announced the formation and launch of its flagship fund, a private investment vehicle pursuing a global, long-biased equity strategy by combining bottom-up company research with macroeconomic regime analysis and portfolio risk management.

Managed by Mark Dinner, formerly with Bridgewater Associates, the strategy is designed to create a diversified, risk-balanced portfolio of high-quality businesses. With a focus on managing concentration risk and navigating a wide range of inflationary, deflationary, and policy-drive environments, the strategy’s multi-layered investment process integrates macro risk analysis, systematic portfolio construction, and selective tail-risk mitigation.

“ICW was founded on the belief that companies are the most fundamental drivers of long-term value creation and our investment approach combines rigorous bottom-up equity selection with a deep understanding of macroeconomic regimes,” said Dinner. “We believe the current environment continues to reward an active, differentiated investment approach that can adapt across cycles. The strategy is designed with that flexibility at its core and formalizes an investment approach we have been actively executing since our founding in 2021.”

ICW’s leadership team combines macro investing expertise, systematic portfolio construction experience, and institutional operational oversight. Collectively, the team brings over 100 years of cumulative experience across leading investment organizations.

About ICW Holdings, LLC

ICW is an investment management firm founded in 2020 by Mark Dinner, a former senior investor at Bridgewater Associates, to apply a disciplined understanding of macroeconomic regimes and portfolio balance to equity investing. The firm serves eligible investors seeking risk-aware equity exposure across market cycles. All statements regarding personnel background, firm history, and strategy should be reviewed for accuracy and substantiation before dissemination.

Important Notice: This press release is for general informational purposes only. It is not, and should not be construed as, an offer to sell, or the solicitation of an offer to buy, any securities or other investment interests, and it is not intended to condition the market for any securities offering. ICW is not using this announcement to market any securities. Any private offering, if made, would be conducted only through confidential offering materials and only in accordance with applicable law.

Media Contact

Matthew Della Croce
Clario Group
1-646-319-7487
[email protected]

SOURCE ICW Holdings

The CADDS project addresses a critical Department of War challenge: transitioning from a one-operator-per-aircraft model to scalable autonomous systems that deploy and sustain large drone fleets with minimal human intervention. The project prioritizes modular, open-architecture solutions that support distributed military operations and allow rapid technology integration.

Tesseract Ventures will demonstrate its modular autonomous platform, which simplifies the deployment, launch, recovery, and management of multiple drones from containerized systems. Leveraging open systems architecture, advanced autonomy software, resilient command and control, and scalable mission management, Tesseract’s solution increases operational flexibility while reducing operator cognitive workload.

“This selection is an important milestone for Tesseract Ventures and validates our vision of delivering scalable autonomous systems and drones that meet the evolving needs of the U.S. military,” said John Boucard, CEO and founder of Tesseract Ventures. “We are honored to support DIU’s mission of rapidly fielding commercial technology to the warfighter.”

The CADDS project requires solutions capable of transporting, storing, launching, recovering, refitting, and managing diverse autonomous aircraft across land and maritime environments with minimal personnel. The solicitation prioritizes the Modular Open Systems Approach (MOSA) to maximize interoperability, future upgrades, and rapid technology insertion.

Unlike traditional drone operations requiring heavy operator involvement, Tesseract’s approach uses intelligent automation to increase the operator-to-aircraft ratio, enabling persistent autonomous operations while reducing risks to personnel.

As part of this prototype effort, Tesseract Ventures will participate in demonstrations to validate operational performance. Under the Commercial Solutions Opening (CSO) process, successful prototypes may become eligible for follow-on production opportunities without further competition.

About Tesseract Ventures 

Tesseract is an American invention company building advanced hardware, software, and AI-driven systems for construction, defense, infrastructure, and agriculture. The company develops integrated platforms combining real-time sensing, digital twins, robotics, and automation to provide organizations a complete operational picture. Tesseract works with field teams, military partners, and enterprise clients to create practical, reliable technologies that improve safety, clarity, and productivity.

For more information, visit www.tesseractventures.io

SOURCE Tesseract Ventures

Following ATM completion, Vision Marine reports approximately US$9.5 million in unrestricted consolidated cash; pending real estate transactions, if completed, are expected to generate approximately US$5.58 million in estimated net equity proceeds.

BOISBRIAND, QC, and FORT LAUDERDALE, Fla., July 14, 2026 — Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) (“Vision Marine” or the “Company”), a marine technology and recreational boating company combining proprietary high-voltage electric propulsion technology with a retail, marina and service platform, today announced the successful completion of its at-the-market (“ATM”) equity offering program, originally announced on January 23, 2026, pursuant to which the Company raised approximately US$16.3 million in aggregate gross proceeds.

The ATM program is complete, and no additional common shares will be issued under the completed program. Following completion of the ATM program and final settlement, the Company has 6,530,460 common shares outstanding and approximately US$9.5 million of unrestricted consolidated cash. This unrestricted cash balance reflects cash available to the Company following completion of the ATM program and excludes restricted cash balances.

In addition, Vision Marine expects to receive further cash from its previously announced pending Florida real estate transactions. If completed as currently contemplated, the transactions are expected to generate approximately US$13.1 million in aggregate gross sale proceeds and approximately US$5.58 million in estimated net equity proceeds to the Company before customary closing adjustments, taxes and transaction costs.

Management believes the enhanced liquidity resulting from the completed ATM positions Vision Marine to continue executing its operational priorities, including inventory optimization, marina operations, electric boat product development, disciplined working capital management and strategic growth initiatives. The expected net equity proceeds from the pending real estate transactions would provide further financial flexibility without the issuance of additional equity.

“Completing the ATM program, together with the expected non-dilutive capital from our pending real estate transactions, strengthens the foundation from which we can continue executing our strategy,” said Alexandre Mongeon, Chief Executive Officer and Co-Founder of Vision Marine. “Building on the operational progress achieved over the past year, we remain firmly focused on advancing E-Motion™ commercialization, expanding our electric boat portfolio, optimizing our retail, marina and service platform and building a more scalable foundation for the future of boating and long-term shareholder value.”

Raffi Sossoyan, Chief Financial Officer of Vision Marine, added: “The completion of the ATM program represents an important milestone in strengthening Vision Marine’s financial position. With approximately US$9.5 million of unrestricted consolidated cash and 6,530,460 common shares outstanding, we believe the Company is well positioned to execute its operational priorities while maintaining the financial flexibility to support future growth initiatives. This stronger liquidity position builds upon the positive operating cash flow generated during the first nine months of fiscal 2026 and supports our continued focus on disciplined capital allocation, working capital management and balance sheet optimization.”

ThinkEquity acted as the sole sales agent for the ATM program. Under the program, the Company issued 6,380,235 common shares for gross proceeds of US$16,334,922 less transactions costs of US$782,679.

The pending real estate transactions remain subject to customary closing conditions. There can be no assurance that the transactions will close on the anticipated terms or timing or that the estimated gross proceeds or net equity proceeds will be realized as currently anticipated.

About Vision Marine Technologies Inc.

Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) is a marine technology and recreational boating company focused on delivering an enhanced on-water experience across propulsion types.

The Company develops proprietary high-voltage electric propulsion technology through its E-Motion™ platform and supports its commercialization through a retail, marina, service and delivery platform. Vision Marine’s integrated operating model combines technology development, consumer access, service infrastructure and multi-brand boating operations.

Forward-Looking Statements

Certain statements contained in this news release constitute “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements include, but are not limited to, statements regarding the Company’s strategy; future financial condition and operating performance; liquidity; working capital; the expected benefits of the completed ATM program; the anticipated receipt, timing and amount of proceeds from the pending real estate transactions; inventory optimization; marina operations; electric boat product development and expansion; capital allocation; future growth initiatives; commercialization of the Company’s E-Motion™ electric propulsion technology; and the Company’s pursuit of long-term shareholder value.

Forward-looking statements are based on management’s current expectations, estimates, assumptions and projections and involve known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from those expressed or implied by such statements. These risks include, among others, the Company’s ability to continue as a going concern; its history of operating losses; its ability to generate positive cash flow; its ability to obtain additional financing if required; compliance with applicable Nasdaq and TSX Venture Exchange continued listing requirements; the timing, completion and proceeds of the pending real estate transactions; successful integration and operation of acquired businesses; changes in consumer demand; macroeconomic conditions affecting the recreational boating industry; inflation; interest rates; supplier performance and availability; supply-chain disruptions; tariffs and international trade policies; competition; and the successful development and commercialization of the Company’s proprietary technology.

Additional information regarding these and other risks and uncertainties is contained in the Company’s filings with the U.S. Securities and Exchange Commission, available on EDGAR, and with Canadian securities regulatory authorities, available on SEDAR+.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. Except as required by applicable law, Vision Marine undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider, as that term is defined in the policies of the TSX Venture Exchange, accepts responsibility for the adequacy or accuracy of this release.

SOURCE Vision Marine Technologies, Inc

Four early-stage startups selected for the program’s second year, spanning AI-driven knowledge, embedded lending, community savings and personalized financial guidance.

NEW YORK, July 14, 2026 — Curinos, a provider of decision intelligence for financial institutions, today announced the four startups selected for the second cohort of the Curinos FinTech Incubator, delivered in partnership with CoMotion at the University of Washington. The company also named two new members to the program’s mentorship team and deepened its partnership with Databricks.

The 2026 cohort spans the program’s focus areas of financial decisioning, financial inclusion, and data- and analytics-driven innovation:

• Centring (Greater Seattle) — an AI platform that captures and operationalizes institutional knowledge within Microsoft 365 for advisory firms.
• Slate (Vancouver / Salt Lake City) — an embedded lending platform enabling Canadian SaaS platforms to offer white-labeled working capital to SMBs.
• JoinSusu (Greater Seattle) — digitizes rotating savings circles for diaspora communities, with multi-currency support across four countries.
• Addition Wealth (New York) — combines technology and human expertise to deliver personalized financial guidance at scale for financial institution partners.

Two new members join the incubator’s steering committee and mentoring team. Nate Derby is a startup veteran and co-founder of the North American Fintech Coalition, which connects early-stage fintech startups with community banks, credit unions, and investors. Kushal Shah is Senior Product Manager at Remitly and a mentor at UW CoMotion. Both advise cohort companies on product strategy, go-to-market, and commercial viability during the program.

“This cohort is exactly what we set out to support — founders using data and AI to solve real problems in financial services, from institutional knowledge and embedded lending to community savings and personalized advice,” said Olly Downs, Chief Technology, Product, and AI Officer at Curinos. “Pairing Curinos’ market insight and proprietary data with CoMotion’s incubation model gives these teams a genuine head start, and adding Nate and Kushal to our steering committee deepens the expertise we can put behind them.”

“The strongest fintech products come from founders who understand how credit unions and community banks actually operate, and connecting those two worlds is what this program does,” said Nate Derby.

“My focus with this cohort is helping founders pressure-test their product and go-to-market decisions against real commercial constraints,” said Kushal Shah.

The incubator has also deepened its partnership with Databricks. Building on the collaboration introduced with the 2025 program, 2026 cohort members qualify for up to $50,000 in product credits, technical support, and training resources through Databricks for Startups.

A founder from the inaugural 2025 cohort points to the program’s practical, hands-on value. “Going through the incubator changed how we thought about scale,” said Reagan Bonlie, Founder and CEO of Nudge Money and a member of the 2025 cohort. “The mentorship was direct and practical, and access to Curinos’ industry perspective helped us make sharper decisions at a critical moment.”

The incubator launched in 2025 with an inaugural cohort of Nudge Money, AltCred, and Prof of Wall Street.

For more information about the Curinos FinTech Incubator, visit curinos.com/curinos-fintech-incubator-2026.

About Curinos
Curinos empowers financial institutions to make decisions with confidence, turning insight into bottom-line impact, deeper customer relationships, and profitable growth.

Our AI-first platform transforms proprietary data, advanced analytics, and deep financial services expertise into timely, actionable guidance delivered into the flow of work.

Headquartered in New York City, Curinos partners with financial institutions worldwide. Learn more at curinos.com.

About CoMotion
CoMotion at the University of Washington partners with the UW community on their innovation journey, providing tools, connections, and acumen to transform ideas into economic and societal impact. CoMotion Labs, part of CoMotion, serves as a multi-industry incubator for early-stage startups from the greater Seattle area, as well as the UW community. By providing essential infrastructure and opportunities for learning, mentoring, and networking, CoMotion Labs nurtures and enables success. Our Labs operate in four incubators: three located on the UW Seattle campus, each concentrating on a specific industry sector (life sciences, hardware, and technology), and one in downtown Seattle that focuses on climate tech.

Media Contact
Hayley Spalding: [email protected]

SOURCE CURINOS INC

Transaction Marks ACR’s Eleventh Strategic Add-on

EXTON, Pa., July 14, 2026 — ACR (AmerCareRoyal, LLC), a leading provider of foodservice essentials and operational supplies and a portfolio company of Oridian Capital Partners, acquired the assets of RediBagUSA, a well-established supplier of reusable retail bags, high-quality paper products, and sustainable packaging solutions serving grocery, restaurant, deli, medical, and industrial markets across the United States.

The addition of RediBagUSA enhances ACR’s environmentally conscious product offering and strengthens its ability to support customers across a wider range of end markets. The transaction aligns with ACR’s ongoing strategy to scale through complementary acquisitions while delivering expanded product solutions, deeper sourcing capabilities, and consistent service across its distribution footprint.

Established in 1957 as a domestic manufacturer, RediBagUSA has built a strong reputation as a provider of paper, reusable, recyclable, and compostable food safety bags, along with gloves, trash can liners, and other essential supplies. Recognized for innovation and deep category expertise, the company leverages its broad supplier network, patented products, and customization capabilities to strengthen customer loyalty and attract new business.

“This acquisition represents another important milestone in ACR’s growth journey,” said Scott Milberg, Chief Executive Officer of ACR. “By bringing RediBagUSA into our organization, we are expanding our product breadth and strengthening our ability to meet evolving customer needs. Their sourcing expertise, brand portfolio, and customer relationships complement our platform well and create meaningful opportunities for continued expansion.”

“Oridian is pleased to support ACR in this next phase of growth,” said Doug McCormick, Managing Partner at Oridian Capital Partners. “RediBagUSA is the eleventh acquisition under Oridian’s ownership and continues to underscore ACR’s disciplined approach to building scale through businesses that align strategically and culturally. We believe this combination positions ACR for sustained value creation.”

“We are excited to partner with ACR and become part of a larger, growth-oriented organization while remaining focused on our customers,” said Jeff Rabiea, President and Chief Executive Officer of RediBagUSA. “ACR’s international reach, operational infrastructure, and commitment to reliability will allow us to accelerate our growth while continuing to deliver the quality and service our customers expect.”

RediBagUSA’s Jeff Rabiea will remain actively involved following the acquisition, alongside key members of the management team.

Greenberg Traurig, LLP served as legal counsel to ACR. PMCF acted as financial advisor to RediBagUSA, with Bodman Law serving as legal counsel.

About ACR

ACR is a single stream resource for essential packaging and preparation products used in the foodservice, janitorial, sanitation, education, industrial, hospitality, and healthcare industries. With multiple shipping points across North America, our family of brands service national level customers with outstanding customer service and an ever-growing product line. For more information, visit weareacr.com 

About Oridian Capital Partners (formerly HCI Equity Partners)

Oridian Capital Partners is a lower middle market private equity firm focused on partnering with growth-oriented, family and founder-owned service, distribution, and manufacturing companies. The firm targets entry points in large, stable, fragmented North American markets and drives transformational growth through disciplined M&A consolidation and operational excellence. Oridian is headquartered in Washington, D.C., please visit oridiancapital.com

About RediBagUSA

With more than 63 years of industry experience, RediBagUSA has established a strong reputation for reliability and excellence. Founded in 1957 with the establishment of New York Packaging, the company has steadily expanded its operations and diversified its product offerings to better serve its customers. In 2001, the company further enhanced its capabilities by becoming an importer of packaging products from international manufacturers, operating under the RediBagUSA brand. For more information, visit redibagusa.com

SOURCE ACR (AmerCareRoyal)

Recent advancements in AI technology have allowed software providers like Gamorax Capital to combine a volatility-aware trade algorithm with an AI neural network

PALM BEACH GARDENS, Fla., July 14, 2026 — Gamorax Capital, a provider of investment analysis software, recently introduced its AI-enhanced investment intelligence platform, which uses AI-powered sentiment analysis of global events and mainstream market data to strengthen its volatility-aware trading algorithms. According to the company, this approach is designed to deliver enterprise-grade investment intelligence rather than sentiment analysis as a standalone product.

The company says AI-driven sentiment analysis has become an increasingly valuable tool for interpreting how global developments, economic news, and financial events may influence market conditions. By incorporating these insights into its broader analytical framework, Gamorax Capital aims to provide investors with additional context when evaluating potential market opportunities.

Understanding Sentiment Analysis

Sentiment analysis, sometimes known as opinion mining, can be understood as the process of analyzing large volumes of text to determine whether that text expresses a positive, negative, or neutral sentiment. This text can come in a large variety of formats, including emails, online survey responses, tweets, and much more.

In financial markets, however, sentiment analysis can also involve processing large volumes of news articles, economic reports, corporate announcements, and other mainstream data sources to assess how current events may influence overall market conditions.

Rather than relying on manually reviewing these sources, companies such as Gamorax Capital use AI to ingest and analyze extensive news feeds, generating proprietary sentiment signals based on current events. According to the company, those signals are then incorporated into its investment intelligence platform, where they complement volatility-aware algorithms instead of serving as independent trading indicators.

AI tends to be more objective about classifying data as positive or negative than a human reviewer. Additionally, AI is often able to perform this process faster than its human counterparts without sacrificing much in the way of accuracy, though how well this works depends on the quality of an AI’s training.

Using Sentiment Analysis in Investing

Unlike consumer-facing applications that analyze customer opinions or brand perception, sentiment analysis in investing often focuses on evaluating how macroeconomic developments, geopolitical events, corporate news, and other market-moving information may influence financial markets.

Processing this information manually can be difficult, given the speed and volume of global news. AI-powered systems are able to analyze these data streams continuously, generating sentiment assessments that may provide additional context alongside traditional market indicators.

According to Gamorax Capital, its platform integrates these AI-generated sentiment signals directly into its volatility-aware algorithms, allowing enterprise-grade investment intelligence to reflect both prevailing market conditions and the potential impact of current events. The company says this integrated approach is intended to provide a more comprehensive analytical framework than relying on sentiment or volatility data independently.

Making Data Accessible

It should be noted that not all sentiment analysis tools offer the same quality of interface, as some may be more technical than others. This may be fine for investors comfortable with numerical complexity, but for others that either lack the time or training needed to properly use this kind of tool, it may be better to locate one that emphasizes user-friendliness, particularly for retail investors.

Recognizing the need for accessible investment intelligence, Gamorax Capital says its platform combines AI-driven analysis, proprietary sentiment derived from global news and market events, and volatility-aware algorithms within a single interface. According to the company, the goal is to make enterprise-grade analytical capabilities more accessible while presenting complex market intelligence in a format that is easier for investors to interpret.

About Gamorax Capital

Gamorax Capital is a software company based in Palm Beach Gardens, FL. The company specializes in developing professional-grade investment analysis software for ETFs.

Media Contact
Gamorax Capital
[email protected]
Palm Beach Gardens, Florida

SOURCE Gamorax Capital