Investors include: Founders Fund, Khosla Ventures, Tru Arrow Partners, Alumni Ventures, Marcus Brauchli (former Executive Editor, The Washington Post & Managing Editor, The Wall Street Journal) and Alex Mather & Adam Hansmann (Founders of The Athletic), Richard Sarnoff (Chairman of Media, Education and Entertainment at KKR).

The Policy Economy Has Been Flying Blind
The systems used to understand policy remain fragmented and slow. State Affairs is building the real-time intelligence infrastructure to change that.

“Policy and regulatory markets are often more impactful to organizations than financial markets, yet everybody from voters to companies are often the last to know what’s happening,” said Evan Burns, co-founder and CEO of State Affairs. “State Affairs helps organizations proactively understand and engage with policy markets at scale across the U.S.”

State legislative volume has surged. In 2025, state legislatures introduced more than 135,500 bills — up roughly 55% from 87,500 in 2024. It would take one person, reading nonstop, 8 hours a day, six years to read every bill introduced in statehouses last year.

AI-Driven Intelligence Built on Original Reporting and Government Data
Most AI systems are limited by the information already available to them. In policy, that creates a major gap. State government is where many of the country’s most consequential decisions are being made, but state capitols remain undercovered, fragmented and difficult to track in real time.

State Affairs’ newsroom produces more than 2,000 originally reported, nonpartisan articles each month, while its data teams gather and structure policy information from statehouses and agencies across the country. The platform turns that reporting, public government data and customer-specific context into real-time analysis, alerts, collaboration and action.

State Affairs has built an AI intelligence layer powered by the combination of:

• Exclusive daily reporting from journalists embedded in state capitols
• On-the-ground legislative and regulatory data gathering
• Structured government data across all 50 states and the federal government

“We need more nonpartisan journalism to build a better democracy and future,” said Jamie Roberts Seltzer, co-founder of State Affairs. “Because nearly all state capitols are underreported on, the exclusive reporting and original data gathering that powers our platform not only provides more comprehensive information, it also mandates that we further invest into objective journalism to widen the moat of the intelligence you get on State Affairs versus anywhere else. We intend to hire many more full-time reporters over the next few years.”

Built for the Institutions Shaping Policy
State Affairs is already in active use by one-third of state and federal elected officials, as well as major enterprises including Walmart, Mastercard and McDonald’s.

Lawmakers, legislative staff, agencies and enterprise teams use the platform to:

• Understand legislation, regulation, hearings and political developments in real time across all 50 states and the federal government
• Analyze and compare bills and policy trends across states
• Collaborate internally and externally around the policy developments that matter most to their organizations
• Coordinate outreach and advocacy efforts

Founded at the Intersection of Media, Technology and Policy
State Affairs was founded by Evan Burns (co-founder and former CEO of the Finnish Long Drink (acquired)) and Jamie Roberts Seltzer (co-founder and General Partner at LightShed Ventures). Veteran journalist Alison Bethel serves as Founding Editor-in-Chief and Chief Content Officer.

About State Affairs
State Affairs is the AI-powered intelligence platform built for the institutions navigating the modern policy economy. Operating at the intersection of technology, nonpartisan journalism, and government, State Affairs deploys one of the nation’s largest networks of embedded statehouse reporters to build a proprietary, human-driven data moat. This exclusive daily reporting feeds an advanced AI knowledge graph that tracks every bill, regulation, and hearing across all 50 states and the federal government. With $70 million in funding, State Affairs provides the personalized, real-time intelligence that elected officials and major global enterprises rely on to seamlessly track relevant legislation, collaborate, and act on policy.

SOURCE State Affairs

• Funding supports commercialization and sales growth expansion, targeting hundreds of new farms in the next 12 months
• Autonomy technology is designed to lower capital expenditures and unlock the ability to scale operations more efficiently
• Sabanto’s physical AI makes swarm operations possible so that growers can replace horsepower with time

AMES, Iowa, July 14, 2026 — Sabanto, a leader in autonomous retrofit technology for agriculture, today announced an oversubscribed Series B funding led by Leaps by Bayer with participation by Sustainable Forward Capital, InnoVenture Iowa, Fulcrum Global Capital, DCVC, and Yara. The round will accelerate broad adoption of autonomous technology, expand customer base, and further develop autonomy retrofit kits across North America and beyond.

Sabanto’s ambition for scale comes at a critical time for agriculture, as growers face historic tighter margins via rising equipment and input costs, labor shortages, and increasing pressure to maximize productivity. While well-known equipment manufacturers or OEMs are focusing on bigger and more expensive machines, Sabanto’s retrofit autonomy platform offers farmers a lower-capital pathway to profitability by utilizing existing, less-expensive, and smaller horsepower equipment.

By enabling tractors to operate autonomously during planting and other field operations, Sabanto helps growers extend operating hours to virtually any time of day while reducing dependency on seasonal labor constraints. Autonomous retrofit technology will increasingly allow farm operators to reallocate skilled labor toward logistics, agronomic decision-making, and operational expansion.

“This investment represents a major step forward in bringing practical autonomy to more farms,” said Craig Rupp, CEO and founder of Sabanto. “We believe the workhorse of the future is smaller equipment. Our retrofit approach allows farmers to shift labor toward higher-value tasks, increase operating hours, and ultimately focus on growing their business and their bottom line. We’re seeing too many farms fold under economic pressure and our solution levels the playing field.” 

The investment will support:

• Expanded commercialization and dealer network growth
• Increased retrofit kit production and deployment
• Continued software and autonomy platform development
• Expanded customer support and field operations
• Accelerated adoption within the row crop market

Sabanto recently expanded autonomous functionality into planting operations, allowing growers to maximize critical planting windows by operating equipment around the clock. New integrations with Precision Planting^® and DICKEY-john^® monitoring systems further enhance compatibility with widely used precision agriculture technologies, enabling seamless operation for growers already invested in modern planting systems.

Sabanto’s funding round also aligns closely with Bayer’s long-term sustainability and environmental objectives of better use of land and resources, more regenerative practices, and win-win solutions for the diverse needs of people and our planet. Sabanto’s retrofit model enables growers to utilize smaller, lighter equipment platforms that can help reduce soil compaction compared to larger traditional machinery, supporting improved soil health and long-term field productivity. Autonomous operations can also optimize machine efficiency by reducing inefficiencies such as overlaps, minimizing idle time, and improving route consistency, contributing to lower fuel consumption during field operations.

Sabanto’s autonomy platform is designed to work in concert with increasingly “smart” implements and precision agriculture systems, helping growers better manage fertilizer applications, seed placement, spraying, and other critical inputs. By combining autonomy with precision technologies, growers can reduce input waste, improve operational accuracy, and lower overall cost per acre, while still being mindful of the environment.

“Farmers today need solutions that improve efficiency without requiring massive capital expenditures,” said Paimun Amini, VP of Agriculture Venture Investments at Leaps by Bayer. “Sabanto’s retrofit model offers a scalable and practical pathway to autonomy, especially in today’s challenging farm economy. We believe this technology offers options that can reshape how labor and equipment are utilized in row crop farming and beyond while also supporting more sustainable farming practices.”

Photos and videos are available in this folder.

About Sabanto 

Sabanto is a midwest-based agricultural technology firm focused on delivering physical AI-enabled, retrofit autonomous solutions for farming operations across multiple industry segments. Sabanto’s Retrofit Autonomy Kit transforms off-the-shelf tractors into fully autonomous machines. The kit includes a cloud-connected communications system, multiple GNSS receivers, and an onboard AI processing unit, and can be installed in a single day. By upfitting existing equipment to operate autonomously, Sabanto helps growers reduce time & labor constraints, maximize machine output, and ultimately improve operational efficiency across a range of agricultural applications. https://sabantoag.com/

About Leaps by Bayer

Leaps by Bayer aims to solve ten huge challenges or ‘Leaps’ through scientific breakthroughs. As the strategic investment unit of Bayer, Leaps has invested over $2.1 billion in more than 65 companies innovating emerging platforms and technologies in health and agriculture. www.leaps.bayer.com

SOURCE Sabanto, Inc.

Expansion gives banks, payment providers and corporate treasury teams a faster, licensed route for cross-border settlement across four East African markets.

ZURICH, July 14, 2026 — SCRYPT, the operating system for digital assets, today announced the expansion of its licensed stablecoin settlement infrastructure across four East African markets, enabling banks, payment providers and corporate treasury teams to move value into and out of the continent in real time.

In most African markets, accessing US dollars remains the biggest friction in cross-border payments. Local currencies can be volatile, bank dollar liquidity is often constrained and correspondent banking remains slow and expensive. Businesses paying international suppliers frequently have to convert local currency into USD before purchasing stablecoins for settlement, incurring FX conversions and spreads before any payment is made.

SCRYPT eliminates this intermediate conversion. By enabling direct settlement corridors for local African currencies into stablecoins, businesses can move from local currency to stablecoin settlement in a single licensed transaction, without first sourcing rationed bank dollars. Local currency in, stablecoin out.             

“Across Africa, stablecoin adoption is driven by economic need, not speculation,” said Norman Wooding, Founder and CEO of SCRYPT. “Businesses here are not chasing yield, they are trying to pay suppliers and manage treasury without losing margin to a banking system that rations dollars. Licensed, fair-rate dollar access is the clearest proof of what this infrastructure is for.“

The expansion adds settlement support across four African currencies: the Kenyan shilling (KES), Tanzanian shilling (TZS), Rwandan franc (RWF) and Ugandan shilling (UGX). Each corridor is delivered through the same full-stack infrastructure our clients already use for trading, custody and treasury operations.

“Until now, reaching stablecoins from local African currencies meant buying scarce dollars and incurring several layers of conversion costs,” said Gabriel Titopoulos, Managing Director, Markets & Trading at SCRYPT. “SCRYPT removes this friction. Firms and payment providers can now settle straight from local currencies through live corridors, with local partners.“

Stablecoins are increasingly becoming settlement infrastructure rather than an investment product. By extending licensed access across African payment corridors, SCRYPT is helping banks, payment providers and corporate treasury teams  move capital more efficiently where it is needed most.

About SCRYPT 

The Operating System for Digital Assets.

SCRYPT is what institutions run on to trade, settle, store, and manage digital assets.

Since 2019, SCRYPT has operated as the trusted crypto partner for firms launching or scaling their digital asset strategy.

By combining deep market access, crypto-native expertise, and proprietary infrastructure, SCRYPT provides the liquidity, full-stack infrastructure, and FINMA-licensed framework that banks, asset managers, fintechs, and payment providers need to trade, store, and manage digital assets, all through a single point of access.

To learn more about SCRYPT, visit: www.scrypt.swiss

Contact: [email protected]

SOURCE SCRYPT

• ABB invests in Gridcog which provides a digital platform for next-generation modeling of complex microgrids, distributed energy resources (DERs) and energy-as-a-service solutions for utilities, independent power producers and commercial & industrial customers
• Partnership helps customers adopt energy efficient solutions by designing, comparing and validating complex energy projects faster, with clear visibility on both financial performance and carbon impact
• Gridcog’s software combined with ABB’s advisory and engineering services will accelerate the shift toward integrated, service-led energy solutions for commercial and industrial customers

ZURICH, July 14, 2026 — ABB has made a strategic minority investment in UK-based startup Gridcog to accelerate advanced modelling capabilities supporting the deployment of renewable generation and storage, industrial microgrids, distributed energy resources (DERs), alternative energy procurement strategies and energy-as-a-service solutions.

This partnership will help ABB’s customers design, compare and validate complex energy projects with clear visibility on both cost and carbon impact from the earliest stages. The financial terms have not been disclosed.

As electrification accelerates and renewables pass one-third of global power generation, energy systems are becoming more complex, driving demand for flexible, decentralized energy resources that require deeper technical, financial and environmental analysis.

Gridcog’s software platform enables rapid scenario modelling, design and simulation to support more consistent and transparent business cases for renewable and energy transition projects across different geographies, energy markets and asset types. The platform helps quantify both financial performance and carbon emissions impact, supporting commercial and industrial customers in building credible and data-driven net-zero roadmaps.

Stuart Thompson, President of ABB’s Electrification Service division, said: “By combining Gridcog’s modeling capabilities with our energy advisory and microgrid engineering expertise, we can help customers move faster from concept to implementation, as they adopt innovative technologies and business models to support their energy management goals. Together, ABB and Gridcog will focus on helping customers navigate an increasingly complex and constantly evolving energy landscape, reduce emissions and unlock more value from distributed energy resources, while supporting ABB’s growth in digital, energy advisory and service-led business models.”

As the latest addition to ABB’s growing innovation ecosystem, the collaboration with Gridcog strengthens ABB’s ability to connect software, hardware and services into more integrated as-a-service offerings. It is targeted at commercial and industrial customers seeking alternative technology solutions that deliver both economic and sustainability benefits.

Fabian Le Gay Brereton, Gridcog’s CEO, said: “ABB’s investment is a strong signal of how critical advanced modelling has become in managing the dynamic nature of the energy ecosystem. At Gridcog, we are focused on giving customers the clarity they need to make confident decisions about complex energy systems. Together with ABB, we can help businesses move faster from idea to implementation, with a clear view of both the financial case and the carbon impact.”

ABB is leading this funding round and is joined by AXPO, DNV and Verbund Ventures. At the same time, Albion and Clean Energy Finance Corporation maintain their presence as key shareholders.

This investment through ABB Electrification Ventures, the venture capital arm of ABB’s Electrification business area, is a key addition to ABB’s venture capital investments, reflecting the company’s commitment to building an ecosystem of innovative partners developing solutions that support productivity, efficiency, and sustainability. With this latest partnership, ABB Electrification Ventures has invested more than $110 million in 16 startups since 2021. ABB Electrification Ventures is part of the group-wide venture capital investment framework, ABB Ventures. Since its formation in 2010, ABB’s venture capital unit, ABB Ventures, has invested around $500 million into startups that are aligned with its electrification, automation and motion portfolio.

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

About Gridcog

Gridcog is the trusted platform for modelling energy flexibility. It gives energy professionals developing, investing in and operating the projects driving the energy transition one complete and transparent platform to model generation, storage, flexible load, grid constraints, network tariffs and market participation across the full project lifecycle. Originally founded in Australia and now with offices in London, Berlin, Madrid, Perth and Melbourne, Gridcog supports project developers, investors, utilities, energy majors and consultants worldwide. www.gridcog.com

For more information, please contact: 

Media Relations
Phone: +41 43 317 71 11
Email: [email protected]

Investor Relations
Phone: +41 43 317 71 11
Email: [email protected]

ABB Ltd
Affolternstrasse 44
8050 Zurich 
Switzerland

SOURCE ABB

Free, pay-what-you-want membership funds new features while keeping the app 100% free for everyone

LOS ANGELES, July 13, 2026 — Peptide Tracker, the free iOS app helping users track peptide protocols, injection sites, and dosing schedules, today announced the launch of its Founding Member program, a Wikipedia-style, pay-what-you-want membership designed to fund the app’s continued development without introducing a paywall or restricting any features.

Since launching, Peptide Tracker has grown to more than 25,000 downloads, with users relying on the app daily to track adherence, manage vial inventory and reconstitution, log weight, and rotate injection sites. As the user base grew, so did requests from users asking for a way to support the app financially.

“So many people have emailed us asking if there’s a way to help fund what we’re building. That request stuck with me. It’s one of the nicest things a user can ask,” said Kevin, co-founder and CEO of Peptide Tracker. “We wanted to build something that honored that without ever compromising the promise we made when we started: this app is free, and it stays free.”

With the new Founding Member program, users choose their own contribution amount on an annual basis. There is no minimum, no suggested tier, and no feature gated behind payment. Every contribution goes directly toward funding new features, product improvements, and ongoing development.

Founding Members will also receive recognition for their early support as the program evolves, with additional member benefits planned for future releases.

“This isn’t about changing what Peptide Tracker is,” said Kevin. “It’s about giving the people who’ve been here from the start a way to help us build faster, for them and for everyone who downloads the app next.”

The Founding Member program is available now within the Peptide Tracker app.

About Peptide Tracker: Peptide Tracker is a free iOS app that helps users track peptide protocols, including dosing schedules, injection site rotation, vial inventory, and reconstitution. Built by people who use peptides themselves, the app is designed to make protocol management simple, private, and judgment-free. Peptide Tracker is co-founded by Kevin and JP Sio.

Media Contact

Kevin Miller

[email protected]

peptidetracker.ai

SOURCE Peptide Tracker

Led by the International Finance Corporation, the round brings Quadric’s Series C to $46 million, with total capital raised reaching $90 million. The capital will expand Quadric’s support and go-to-market teams for existing customers in automotive, AI PCs, and enterprise, and incoming customers in humanoid robotics, wearables, and networking.

Existing investors increased their investment in this close: Pear VC, which led Quadric’s seed round; Uncork Capital; and BEENEXT, which led the round’s first close. Offline Ventures, co-founded by Facebook Platform creator Dave Morin and former Apple executive James Higa, joined as a new investor. The first close of Series C, announced in January 2026, followed a year in which Quadric product revenues more than tripled and the company reached profitability.

IFC has committed more than $3 billion to technology ventures in emerging markets. “Quadric addresses one of the most important structural gaps in the AI ecosystem today,” said Mohamed Eissa, Chief Investment Officer at IFC. “Powerful AI cannot remain the exclusive domain of hyperscalers if emerging markets are going to close the digital divide. Quadric’s programmable architecture fundamentally changes the economics: SMEs in emerging markets can now deploy AI on devices they own, without the per-token cloud bills that price them out. That productivity gain directly levels the playing field between small businesses in emerging and developed markets. And critically, building this class of efficient, programmable chips creates exactly the kind of high-value semiconductor and AI engineering talent that emerging markets like India need to compete globally.”

“A chip feature set is locked years before it ships, and AI models change every few months, so an operator-centric, fixed-function NPU arrives behind the models and only falls further back,” said Veerbhan Kheterpal, CEO and co-founder of Quadric. “Quadric is a living platform: because the stack is software, the same chip runs new models and gets faster long after it ships. That’s the difference between silicon that depreciates and silicon that compounds. Ask our customers.“

“Every NPU gets judged the day a new model drops,” said Daniel Firu, co-founder and Chief Product Officer of Quadric. “We port new models to Chimera cores and our customers take them as a software update, no silicon change. That porting machine is the product: the same core runs models published years after the silicon was designed.”

“We’re excited to keep backing Quadric as it pursues a massive opportunity. AI is moving outside the datacenter, and chip companies need silicon that can run tomorrow’s models, not just today’s. Quadric is solving that, and the design wins are proving it out. We led Quadric’s seed round and doubled down in this round because, from day one, we’ve seen firsthand how innovative this team is, and how strong they are in both the technology and the execution it takes to win,” said Mar Hershenson, Founding Managing Partner of Pear VC, which led Quadric’s seed round.

Chimera Processors Surpass Conventional NPUs
The Chimera GPNPU scales from 1 to over 3200 TOPS in multi-chiplet configurations and supports an endless array of AI models, both convolutional and transformer-based, ranging from traditional computer vision to on-device LLM inference and emerging VLA world models. Chimera processors deliver a single programmable architecture that chip designers deploy once and adapt as AI model requirements evolve. Quadric’s software toolchain converts AI models into C++, as well as enabling SoC design teams to write code in Python or C++.

About Quadric
Quadric Inc. is the leading licensor of fully programmable general-purpose AI inference processor IP that runs both AI inference workloads and classic DSP and control algorithms. Quadric’s Chimera GPNPU architecture is optimized for on-device AI/ML inference, including automotive-grade safety enhanced versions. Quadric is headquartered in Burlingame, California. Learn more at www.quadric.ai.

SOURCE Quadric, Inc.

Investment will support continued innovation in rare disease care and help PANTHERx serve more patients while preserving its independent, patient-first model

NEW YORK and PITTSBURGH, July 13, 2026 — Warburg Pincus, the pioneer of global growth investing, today announced that a Warburg Pincus-led investor group has agreed to acquire a controlling interest in PANTHERx Rare, the leading independent rare pharmacy in the United States, from Nautic Partners, General Atlantic, and The Vistria Group. Nautic Partners and PANTHERx management will remain significant shareholders. The investment will support PANTHERx as a category-defining rare disease care platform while preserving its patient-first and manufacturer-aligned model.

PANTHERx pioneered the rare pharmacy model and serves as a trusted partner across the rare disease community. Through deep therapy expertise, meaningful relationships, and a commitment to removing barriers to care, PANTHERx helps patients access and stay on therapy while delivering the high-touch support, reliability, and collaboration that patients and partners depend on.

“PANTHERx was built to help patients navigate complex rare therapy journeys with urgency and precision. We are grateful for the partnership and support from Nautic Partners, General Atlantic, and The Vistria Group, whose investment helped expand our impact for patients and shape the company we are today,” said Bansi Nagji, Chief Executive Officer of PANTHERx. “We are excited to begin this next chapter with Warburg Pincus and Nautic Partners. This partnership reinforces our position as an independent, rare-focused pharmacy and supports continued investment in people, capabilities, and technology to help us serve more rare disease patients with the expertise and compassion that define PANTHERx.”

“PANTHERx is a standout healthcare platform with an exceptional management team, proven execution, and deep specialization in one of the most important and fastest-growing areas of healthcare,” said T.J. Carella, Managing Director, Head of Healthcare, Warburg Pincus. “The Company combines deep clinical specialization, high-touch service, and strong manufacturer partnerships. We look forward to partnering with Bansi and the PANTHERx team to support the Company’s continued growth and expand access to life-changing therapies for patients with rare diseases across the United States,” added Adam Krainson, Managing Director, Warburg Pincus.

“Since our initial investment, we have had the privilege of working alongside Bansi and the exceptional team at PANTHERx as they made a meaningful difference in the lives of rare disease patients and families,” said Chris Corey and Joe Anderson, Managing Directors, Nautic Partners. “We are excited to continue this journey alongside Warburg Pincus and support the next chapter of PANTHERx.”

“PANTHERx is defined by its steadfast commitment to an underserved patient population,” said Justin Sunshine, Managing Director and John LaDien, Principal at General Atlantic. “We are proud to have supported Bansi and the team in broadening access to critical therapies through greater scale, sustained innovation, and clinical rigor. We look forward to following the company’s continued impact in the years ahead.”

“When we invested in PANTHERx, we saw a company with the unique potential to redefine the specialty pharmacy model for rare diseases,” said Mo Yang, Partner at The Vistria Group. “We are proud of what the team has built over the last four years, and we thank the management team and employees for their unwavering commitment to putting patients first and making a profound impact in the lives of those they serve.”

The companies expect to close the transaction in the coming months following customary closing conditions and regulatory approvals.

J.P. Morgan Securities LLC served as financial advisor to Warburg Pincus. Centerview Partners and Goldman Sachs & Co. LLC served as financial advisors to PANTHERx. Cleary Gottlieb served as legal counsel to Warburg Pincus. Ropes & Gray served as legal counsel to PANTHERx.

About Warburg Pincus
Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $105 billion in assets under management, and more than 225 companies in its active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies. Since inception, Warburg Pincus has invested over $20 billion in more than 190 innovative healthcare companies around the world, including The START Center for Cancer Research, Summit Health/CityMD, Simtra BioPharma Solutions, Polyplus, Modernizing Medicine, GHX, and Ensemble Healthcare Partners.

The firm is headquartered in New York with more than 15 offices globally. For more information, please visit www.warburgpincus.com or follow us on LinkedIn and YouTube.

About Nautic Partners
Nautic Partners, LLC is a middle-market private equity firm based in Providence, Rhode Island, that focuses on investments in three sectors: healthcare, industrials, and services. Nautic has completed over 165+ platform transactions over its 40-year history. The firm employs a proactive, thematic investment strategy and partners with strong management teams to accelerate the growth of its portfolio companies through strategic add-on acquisitions, targeted operational initiatives, and deep sector expertise. For more information, please visit www.nautic.com.

About PANTHERx Rare
PANTHERx Rare makes rare disease care more hyper-personalized and less overwhelming by focusing relentlessly on each patient and each therapy. PANTHERx experts develop deep personal relationships with patients, prescribers, and pharmaceutical partners, serving as trusted advocates to ensure seamless collaboration and exceptional care. Since its founding in a garage in Pittsburgh, PA in 2011, PANTHERx has grown into the largest independent rare pharmacy in the U.S., leveraging established-company resources while maintaining small-company responsiveness, innovation, and attention to detail.

PANTHERx is licensed in all 50 states and was the first national pharmacy to achieve dual accreditations in rare disease from the Accreditation Commission for Health Care (ACHC) and Utilization Review Accreditation Commission (URAC). PANTHERx is also a nine-time winner of the prestigious MMIT Patient Choice Award for patient satisfaction, including the 2026 honor.

For more information, please email [email protected] or visit www.pantherxrare.com.

Contacts

Warburg Pincus

Sarah Bloom, Director, Communications
[email protected]

Nautic Partners

Allan Petersen, Managing Director and COO
[email protected]

PANTHERx Rare

Giancarlo Brutocao, Vice President, Corporate Strategy and Marketing
[email protected]

SOURCE Warburg Pincus LLC

Former Google and Shape Security leaders reveal breakthrough on-device AI security platform, and its first platform app: a radically better way to fight AI scams, fraud, and deepfakes

SAN FRANCISCO, July 13, 2026 — Reken, an AI cybersecurity company, today announced its emergence from stealth, introducing a new on-device AI security software platform and the first product built on that platform, to address the worldwide problem of safety and trust in online communications.

Studies show that most people don’t know if what they see on the Internet is real anymore. A 2026 RBC poll found that 83% of people now assume any online message is a scam or fraud unless proven otherwise. The FBI reported $20.9B in cybercrime losses in 2025 (a 26% jump in one year) and, for the first time, added AI crime as a category, with over 22,000 AI-related complaints. New AI models like Anthropic’s Claude Mythos have made these problems even more dangerous.

“The Internet is not safe, and is getting less safe every day because of AI,” said Shuman Ghosemajumder, Reken CEO, who previously founded Google’s Trust & Safety product group and was Head of AI at F5. “Traditional cybersecurity has failed to solve these problems, and increasing scams, fraud, and cybercriminal use of AI have accelerated this erosion of trust. We need a new architecture to prevent our critical online channels from becoming overwhelmed.”

Breakthrough architecture: the Reken Private Core and the Reken Network

To solve this, Reken was founded and raised $10M in 2024, and spent two years in stealth R&D to design and build a new technology platform to address these persistent issues. The result is the Reken Private Core, a breakthrough on-device AI security system introduced today.

The Reken Private Core protects communications sent to and from each device, account, and user. Products built on the Reken Private Core use high-performance, proprietary AI models to identify incoming threats, as well as next-generation telemetry sensors to detect AI bots and automation on compromised channels, while keeping all communication data private and on-device. These technologies are able to protect against advanced attacks that no other system can detect, while dealing with traditional attacks more effectively. The Reken Private Core is designed to work on commodity hardware without GPUs and with no additional AI token costs.

Products built on the Reken Private Core platform self-assemble into the Reken Network, an advanced trust layer for the Internet. Organizations within the Reken Network can communicate with greater security and confidence, and incoming communications from outside the network are automatically analyzed for malicious behavior and deceptive content.

“There is nothing like this available to CISOs,” said Jim Routh, the former Chief Information Security Officer of American Express, DTCC, Aetna/CVS Health and MassMutual. “This will enable companies and their supply chains to significantly improve the level of safety they can expect in their communications.”

The first product: Reken Northstar, just-in-time AI to eliminate the need for phishing training

The first product built on the Reken Private Core platform is Northstar, a pro-worker AI application that helps employees by removing the burden of constantly looking for security threats like social engineering, deepfakes, business email compromise, and other AI-enabled fraud.

“Companies spend millions of human hours per day and billions of dollars on security training that simply doesn’t work,” said Ghosemajumder. “We shouldn’t be forcing employees to become forensic digital investigators. We need just-in-time AI that detects the threats the human eye cannot see. That’s what Northstar does.”

Northstar is available today under an Early Access Program. Interested organizations can apply at reken.ai.

About Reken

Reken is building An Internet Safe for Humans. It was founded by Shuman Ghosemajumder and Rich Griffiths, who helped build Shape Security into the leading AI bot defense, which was acquired by F5 in 2020 for $1B. Shuman previously founded Google’s Trust & Safety product group, protecting 1B+ users and advertisers, and helped launch Gmail. Reken has raised $10M in a round led by Greycroft and FPV Ventures, and including Firebolt Ventures, Fika Ventures, Omega Venture Partners, Homebrew, and JAZZ Venture Partners. Reken’s backers include top funds led by many early Google employees and Google-connected investors, including Wesley Chan (FPV), Hunter Walk & Satya Patel (Homebrew), Eva Ho (Fika), and Gokul Rajaram. Google DeepMind executive Jon Steinback (Sequoia Capital Scout Fund) and Vishal Vasishth (co-founder, Obvious Ventures) are also investors. Greycroft partner and Bay Area head, Marcie Vu, who helped lead Google’s IPO, serves on the Reken board.

Contact
Sam Decker
+1-650-705-8439
[email protected]

SOURCE Reken Corporation

ATLANTA, July 13, 2026 — ECI Group (ECI), a leading multifamily real estate firm, announces that veteran Atlanta commercial real estate executive Thomas Rowe has joined the company as Chief Financial Officer. Rowe brings more than 30 years of financial leadership experience spanning real estate development, construction, and public-sector finance to ECI’s executive team as the company continues its growth throughout the US. Rowe steps into the role as current CFO Ben Engel retires from the position after guiding ECI’s robust growth and expansion over the past 10 years.

“Thomas is a proven financial strategist who has helped build one of the most respected development platforms in the Southeast, and we are thrilled to welcome him to the ECI team”, said ECI Group CEO, Seth R. Greenberg. “His track record structuring billions of dollars in capital, scaling high-performing finance organizations, and partnering with executive leadership to drive growth makes him the right leader for ECI as we continue to build on our momentum in the multifamily industry.”

“I have long admired ECI Group’s reputation for disciplined growth and its commitment to building high-quality communities throughout the US,” said Rowe. “I am excited to join Seth and the entire ECI team and look forward to helping the company strengthen its capital strategy and financing infrastructure as it enters its next chapter of growth.” 

Rowe joins ECI after serving more than a decade as Chief Financial Officer at SJC Ventures, one of the nation’s largest developers of Whole Foods Market-anchored projects. At SJC, he directed financial strategies for more than $1.4 billion in ground-up development spanning over 3.1 million square feet of retail, multifamily, and mixed-use developments. Prior to SJC Ventures, Rowe spent five years as the Deputy CFO at Invest Atlanta/The Atlanta Development Authority. After graduating from the University of Richmond, Rowe started his professional path in public accounting and has served in various other senior finance positions over the course of his career.

About ECI Group
For more than 50 years, ECI Group has been one of the most highly regarded, privately owned real estate organizations in the United States. The firm is fully integrated, with development, construction, investment, and property management groups that have garnered national recognition for innovation and performance in the multifamily industry. With a portfolio of more than 7,500 units located throughout the Southeast and Texas, ECI is strategically positioned to continue to be a leader in the multifamily industry. For more information, visit www.ecigroups.com.

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Karen Widmayer
KW Communications, LLC
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SOURCE ECI Group