Financing includes strong support from Pennsylvania investors and former Major League Baseball All-Star Andre Ethier

WEST CHESTER, Pa., Aug. 6, 2026 — Meduloc, an orthopedic medical device company commercializing an innovative flexible nitinol intramedullary fracture fixation platform, today announced the closing of its $4 million Series B financing.

The round was led by GenHenn Capital, with participation from Life Sciences Greenhouse Investments (LSGI)¹, Ben Franklin Technology Partners of Southeastern Pennsylvania², Broad Street Angels and former Los Angeles Dodgers player Andre Ethier, together with additional existing and new investors.

The participation of LSGI, Ben Franklin Technology Partners of Southeastern Pennsylvania and Broad Street Angels reflects strong support from the Pennsylvania investment community, including significant backing from the Greater Philadelphia region.

The financing will support Meduloc’s controlled alpha launch, continued generation of clinical evidence and development of the commercial infrastructure required to bring its fracture fixation platform to a broader range of surgeons and patients.

“Closing this financing is a significant milestone for Meduloc as we move from product development and regulatory clearance into controlled commercialization,” said Sarah Sachinis, President and CEO of Meduloc. “We are extremely grateful for the confidence and support of our investors, and particularly proud of the strong backing we have received from the Greater Philadelphia and Pennsylvania life sciences and investment communities. This capital enables us to begin our alpha launch, build meaningful clinical experience and establish the foundation for broader adoption across adult and pediatric fracture care.”

Meduloc’s FDA-cleared, sterile, single-use system uses a flexible nitinol intramedullary implant designed to provide fracture stability while preserving anatomy and avoiding joint violation in certain applications. The platform can be used across a range of upper- and lower-extremity long-bone fracture applications in adult and pediatric patients.

“Meduloc has developed a differentiated technology with the potential to address important needs in fracture fixation,” said Bill Hagaman of GenHenn Capital. “With FDA clearance, encouraging early clinical experience and an experienced team, the company has reached an exciting inflection point. We are pleased to lead this financing and support Meduloc as it enters its next phase of growth.”

“As a former professional athlete, I have seen how injuries and recovery can affect both performance and quality of life,” said Andre Ethier. “Meduloc’s approach stood out to me because of its potential to provide surgeons with an innovative treatment option and help patients return to the activities that matter to them. I’m excited to support the team as it brings this technology into broader clinical use.”

Meduloc expects to begin its controlled alpha launch in early August 2026, working with a select group of orthopedic surgeons and institutions to build clinical experience across multiple fracture applications and collect surgeon feedback to support future commercial expansion.

¹ This project was financed in part by a grant to Life Sciences Greenhouse Investments from the Commonwealth of Pennsylvania.² This project was financed in part by a grant to Ben Franklin Technology Partners of Southeastern Pennsylvania from the Commonwealth of Pennsylvania.

About Meduloc

Meduloc is an orthopedic medical device company focused on advancing fracture fixation through an innovative flexible nitinol intramedullary platform. Its FDA-cleared, sterile, single-use system is designed for use across a range of long-bone fracture applications in adult and pediatric patients. Meduloc’s technology is intended to provide stable fixation while preserving anatomy and offering surgeons a versatile alternative for fracture treatment.

For more information, visit www.meduloc.com

SOURCE Meduloc

WALTHAM, Mass., Aug. 6, 2026 — Body Vision Medical, a global leader in AI-powered intraoperative imaging, has closed a new round of funding to capitalize on the rising demand for advanced imaging technology used to support the diagnosis and treatment of early-stage lung diseases. The round was led by Business Asia Consultants, Inc. (BAC), a U.S. corporation, and Sprim Global Investments, headquartered in Singapore.

BAC is an international sales, marketing, and business development consulting firm led by President and CEO Larry Kronick. The company specializes in guiding medical device and healthcare technology firms through market expansion across Asia, Europe, Latin America, and the Middle East.

According to Mr. Kronick: “The global market for Body Vision technology continues to expand exponentially as more countries launch their nationalized lung cancer screening programs. We’re positioned to address this demand with a navigation and advanced imaging solution that not only can improve diagnostic yield during biopsy procedures deep in the lung, but we can provide this technology at a very affordable cost.”

Sprim deploys strategic capital into early-stage startups while leveraging its parent network’s deep regulatory, clinical, and commercialization expertise to de-risk execution. Gonzalo Rubio, representing Sprim, said: “We are excited to have this opportunity. Body Vision technology continues to prove its value in the hands of thoracic surgeons and interventional pulmonologists across the globe. With access to 46 countries through more than 20 established and highly trained distributors, we see this technology having a significant impact on the early diagnosis and localized treatment of lung cancer and other diseases well into the future.”

About Body Vision Medical 

Body Vision Medical believes in saving lives through the globalization of innovative medical technology. LungVision® provides AI-powered real-time image guidance to address the clinical need for early, definitive lung cancer diagnosis and to enable localized treatment of lung lesions via minimally invasive procedures.

Visit BodyVisionMedical.com to learn more.

Contact
Mike Hostetler
+1.651.366.9584
[email protected]

SOURCE Body Vision Medical

Esther Ikoro awarded an O’Shaughnessy Fellowship to expand Wait, What?!, a hand-drawn science series created with artist Moriz Oberberger

GREENWICH, Conn., Aug. 6, 2026 — O’Shaughnessy Ventures LLC (OSV), an investment firm that empowers creators, has awarded an O’Shaughnessy Fellowship to Esther Ikoro, a science communicator based in Trail Creek, Indiana.

Ikoro will use the fellowship to expand Wait, What?!, an animated series that depicts scientific concepts and processes that are usually too small, slow, abstract or vast to see. Each episode unfolds in an original, hand-drawn world illustrated and animated by Moriz Oberberger, bringing a single scientific idea to life through narration, metaphor and visual storytelling. The first five videos in the series have drawn more than 700,000 views online. Over the next 12 months, Ikoro plans to publish multiple new episodes exploring the intricacies of plants, animals and natural phenomena.

Ikoro created and hosts the natural science YouTube channel See You Outside. She works with Discovery Education’s Mystery Science, helping students think like scientists by answering their submitted questions, and has appeared in the Nature Side Quest segment on CBS’s Mission Unstoppable with Miranda Cosgrove. As a 2023-24 fellow of the John Templeton Foundation and Public Radio Exchange’s Big Questions Project, she co-created Second Sunday, a podcast on faith through a queer Black lens that won a Silver Signal Award in the religion and spirituality category and three Black Podcasting Awards, including Podcast of the Year. She came to science communication from public health, holding a Master of Public Health from the University of Illinois Urbana-Champaign and earlier working in education and health programs in Chicago.

OSV’s founder and CEO, Jim O’Shaughnessy, commented, “Esther’s animated approach to complex ideas makes science tangible in a way words alone can’t. We’re thrilled to be backing her.”

“I want to contribute to the landscape of iconic science media,” said Ikoro. “The O’Shaughnessy Fellowship is helping me bring that vision to life.”

About the O’Shaughnessy Fellowships Program

Launched in 2023, the O’Shaughnessy Fellowships program discovers and empowers the world’s boldest creatives, builders and researchers. Fellows receive a grant of up to $100,000 and gain access to OSV’s network of founders, investors and experts. OSV will award up to 20 fellowships in 2026.

Ikoro is the eighteenth fellow announced in 2026. More information about previous fellows is available at OSV’s website.

Applications for the O’Shaughnessy Fellowships are now closed and will reopen on Jan. 1, 2027. Individuals interested in applying can do so via OSV’s website.

About O’Shaughnessy Ventures

OSV is a creative investment firm that empowers creators to bring their ideas to life. Founded by Jim O’Shaughnessy, a pioneer in quantitative investing, founder of O’Shaughnessy Asset Management, and author of five books, OSV aims to provide financial support and to partner in growing the next life-changing creative ideas.

OSV combines Jim’s deeply rooted interest in all things art, science, investing and technology with his long-held desire to establish scenarios designed to help promising creators and their inspiring ideas succeed, regardless of age, location, job history or level of education. For more information, visit OSV’s website.

Media Contact:
Ena Gong
O’Shaughnessy Ventures LLC
(917) 355-7420
[email protected]

SOURCE O’Shaughnessy Ventures

Backed by Bessemer Venture Partners and Gradient, Spotify’s Recommendation Tech Comes for E-commerce

NEW YORK, Aug. 6, 2026 — Malachyte, a behavior intelligence company, today announced the close of a $10 million seed funding round co-led by Bessemer Venture Partners and Gradient Ventures with participation from Harpoon Ventures. Malachyte was co-founded by Sidd Motwani (CEO), Ian Anderson (CTO), and Shivaditya Sinha (COO), the team behind the behavioral intelligence infrastructure that powers 90%+ of Spotify’s recommendations across 800M+ users and 1B+ items. Now, they’re bringing that same technology to every retailer and e-commerce brand.

The raise comes as consumer e-commerce faces a conversion problem. Advances in ML-driven ad targeting on Google, Meta, and TikTok have made audience acquisition more precise than ever, yet the website experience most shoppers meet remains static. Today’s digital personalization stack can’t read the context a shopper arrives with, can’t adapt in real time as they browse, and can’t recognize a first-time visitor at all, leaving most shoppers with a generic online storefront.

Meanwhile, customer acquisition costs have risen roughly 40% between 2023 and 2025 (LoyaltyLion), and the average e-commerce brand now loses $29 per new customer after marketing and returns (SimplicityDX). Every unconverted visit compounds that loss.

“Brands are paying more than ever to acquire customers, then trying to convert them with a stack that only understands the fraction it already recognizes,” says Malachyte CEO Sidd Motwani. “Our technology reads behavior instead of logins or cookies, so it understands every visitor before their first click, and keeps sharpening with every action. That’s infrastructure built for how commerce works today.”

“Malachyte’s technology has driven our ability to recommend the right product at the right time across our entire user journey. It works for every visitor from the moment they land on our site, not just the ones we already recognize,” said Emilee Walch, VP of Digital Product at Brunt Workwear. “The ROI was clear quickly, and the results we’ve seen so far are just the beginning of what’s possible for us as a brand.”

Under the hood, Malachyte uses two-headed vector AI to understand preference and intent simultaneously, the same way an actual shopper does, leveraging visuals and context rather than keywords or tags. Because it’s persistent across channels, a signal picked up in search sharpens what that same shopper sees later on a product page, a category page, or in an email or SMS the next day. And it holds up in production: sub-200ms latency under Cyber Monday-level load, auto-scaling with no outages, a merchandiser control layer that gives operators the ability to set merchandising rules and overrides, and onboarding in as little as seven days.

McKinsey projects that, by 2030, agents could orchestrate up to $1 trillion of U.S. retail and, counterintuitively, that makes understanding real shopper behavior even more valuable.

“As commerce enters the agentic era, two major forces are converging: consumers have so much less patience when website or search experiences are not tailored to their intent, and agents are increasingly shaping the buyer journey. Yet most commerce infrastructure is not built to understand buyer intent in real time, whether that’s for a human or an agent.” says Maha Malik, Vice President at Bessemer Venture Partners. “The Malachyte team has spent their careers solving some of the hardest problems in personalization at massive scale making them exceptionally well positioned to help brands meet this much higher bar for relevance.”

Malachyte’s platform is live with a growing roster of brands:

• HalloweenCostumes.com (Fun.com): +31% revenue per visitor
• Brunt Workwear: 80% lift in add-to-cart click-through rate
• Jordan Craig: 17% lift in new-visitor revenue per visit — significant given 80% of their traffic is first-time visitors with no purchase history

Funds from the seed round will be deployed across two priorities: scaling distribution of the existing infrastructure and hiring senior commercial and product leadership.

About Malachyte
Malachyte is a behavior intelligence company that increases revenue per visitor for consumer e-commerce brands, for every shopper, across every channel, from the first session. Built by the team behind Spotify’s personalization infrastructure, Malachyte’s Behavior Intelligence technology delivers real-time, adaptive personalization without cookies, logins, or pre-existing customer data. The company is headquartered in New York. Learn more at malachyte.com.

Media Contact:
Lindsay Stevens
1213200963
[email protected]

SOURCE Malachyte

BROOKLYN, N.Y., Aug. 6, 2026 — Belgian Boys, the fast-growing brand rewriting the rules of the breakfast aisle, today announced Louisa Lawless is joining their team as Chief Commercial Officer, a hire designed to accelerate the brand’s next stage of growth. Lawless joins the leadership team with nearly two decades of commercial leadership across some of the food and beverage industry’s most recognized brands, including Nutrabolt, Core Nutrition, and Red Bull North America. She will lead Belgian Boys’ push to expand distribution, deepen retailer partnerships, and scale the brand into a category all its own.

Lawless most recently served as Chief Commercial Officer at Korb Health Group, where she led a team focused on the high-growth verticals of personalized weight loss, women’s and men’s health, and longevity care. Prior to that, as EVP, Commercial Marketing & Sales at Nutrabolt, she led the commercialization of the Bloom, C4, Cellucor, and Xtend portfolios and delivered explosive year-over-year growth in several highly competitive categories. Earlier in her career, she served as Chief Strategy Officer at Core Nutrition, where she helped engineer the brand’s $525 million acquisition by Keurig Dr Pepper, and at Golden West Food Group/Stratus Group, where she led the development of the branded and private label portfolio and built brands from their inception. She began her career in beverage leadership roles at Red Bull North America, ultimately overseeing the largest energy drink market in the world.

“I meet a lot of talented executives in this industry, but every once in a while you meet someone whose resume is exceptional and who you just click with on a human level. Louisa’s energy is contagious,” said Anouck Gotlib, CEO of Belgian Boys. “Louisa’s track record speaks for itself, but what sealed it for us was how excited she is about building, and how naturally she connected with our team and our mission from the very first conversation.”

“I’ve admired Belgian Boys from the outside for a long time; the brand has real permission to create a new category, and that’s a rare thing in CPG,” said Lawless. “I’m energized by the opportunity to bring my experience in scaling emerging brands, building high-performing commercial teams, and leading the commercial strategy into the next stage of brand acceleration with a team that is truly passionate about the product and the mission.”

Building a brand in today’s world takes a point of view. As CCO, Lawless will lead that charge for Belgian Boys, shaping how the brand shows up commercially, in stores, online, and in everyday routines, while staying true to the foundation that got it here: real ingredients, delicious products, and a brand people actually want at their table.

Lawless holds a BFA from Texas Christian University, where she graduated Magna Cum Laude. She is based in Long Beach, California.

About Belgian Boys

Belgian Boys is a women-led company sparking moments of joy with European-inspired foods. Their quick-and-easy breakfast offerings empower busy families to start the day with happiness baked into every bite. With whimsical packaging, non-GMO ingredients, and no artificial flavors or preservatives, Belgian Boys products are as delightful as they are convenient. Belgian Boys has been on Instacart’s Fastest-Growing Brands list for three years running an honoree on The Lead’s Foremost 50 list. For more information, visit www.belgianboys.com.

Media Contact:

Mia Fazio

512-914-5709

[email protected]

SOURCE Belgian Boys

Agreement positions Bedrock’s autonomous technology at FMS’s North Sea base, combining autonomous ocean intelligence with FMS’s offshore infrastructure

RICHMOND, Calif., Aug. 6, 2026 — Bedrock Ocean Exploration (“Bedrock”), the intelligence infrastructure powering the ocean economy, today announced a multi-year strategic partnership with First Marine Solutions (“FMS”), an established leader in survey and positioning services to the offshore energy sector. The partnership establishes a UK and European operational hub for Bedrock’s autonomous ocean intelligence technology at FMS’s Aberdeen headquarters, creating an integrated offering that pairs Bedrock’s intelligence stack with FMS’s offshore experience, regional presence, and consultancy services.

Under the agreement, Bedrock will station a complete kit of its autonomous underwater vehicles at FMS’s facility in Aberdeen, strategically positioned to support UK and European operations. Bedrock will provide data processing expertise and comprehensive training for FMS personnel, enabling FMS to perform the majority of operations and maintenance locally without the need to ship equipment back to the United States.

FMS, in turn, will provide the operational infrastructure to deploy and deliver services at scale, including dedicated facilities for Bedrock, logistics support, marine consultancy services, and a dedicated team of survey engineers trained in collaboration with Bedrock.

The combined offering is designed to give clients in offshore energy and subsea infrastructure a vertically integrated solution. The partnership brings together autonomous data acquisition, in-region operational support, and decades of industry-leading survey, processing, and reporting capability.

“FMS has built a reputation in the North Sea and beyond for being exactly the kind of partner the offshore energy sector relies upon; experienced, adaptive, and operationally excellent,” said Matthew Tirman, Chief Executive Officer of Bedrock. “Pairing our autonomous technology with FMS’s regional infrastructure and personnel allows us to deliver Bedrock-quality data to clients across the UK and Europe at the speed and cost the market needs. This partnership is a major step in how we bring the future of subsea insights to the operators building offshore energy infrastructure for the next century of the ocean economy.”

“Bedrock represents a step change in how subsea data is collected, processed, and delivered as insights at a pace the industry hasn’t seen before. We are pleased to bring that capability to our clients, complementing the survey and consultancy services for which we are known across the offshore industry,” said Steven Brown, CEO of First Marine Solutions. “Hosting Bedrock’s AUV systems in Aberdeen, with our team trained to operate and maintain them, will result in faster response times, increased flexibility, and the opportunity to offer the offshore energy sector a genuinely differentiated service.”

Beyond field operations, the two companies will collaborate to raise awareness of the new capabilities available to customers, and how they will shape maritime industries in the years to come. According to the Organisation for Economic Co-operation and Development (OECD), the ocean economy would have been the world’s fifth largest economy if it was considered a country in 2019. The same report anticipates the ocean economy will quadruple in size between 1995 to 2050, driven in part by digitization and autonomous technologies.

With presence in the North Sea, the partnership between Bedrock and FMS further demonstrates the value of autonomous ocean intelligence to the ongoing growth of the ocean economy, even in the most demanding environments on the planet.

About Bedrock Ocean Exploration

Bedrock is the intelligence infrastructure powering the ocean economy. We unlock ocean insights at unprecedented speed.

Bedrock is building persistent ocean intelligence solutions that will enable the ocean economy to solve the world’s most pressing challenges in maritime security, infrastructure, energy, and climate. Our modular architecture delivers entirely new intelligence capabilities for government and commercial partners. With our streamlined “fly-and-deploy” approach, missions can be mobilized from any vessel of opportunity in just 24 to 72 hours.

Our automated intelligence pipeline provides comprehensive insights in hours, not weeks. By completely eliminating the logistics of traditional solutions, we enable our customers to make critical decisions within their operational window while reducing costs and keeping crews safe on shore.

Bedrock was founded in 2020 and is headquartered in Richmond, California. For more information, please visit www.bedrockocean.com.

About First Marine Solutions

Since 2009, First Marine Solutions (FMS) has established itself as a leading provider of integrated mooring solutions to the global energy sector. Offering a complete end-to-end service, FMS supports clients throughout every stage of a project’s lifecycle; from system design and engineering to survey and installation, the provision of offshore equipment and personnel, and eventual decommissioning. This comprehensive approach enables FMS to provide a true holistic solution, delivering technical expertise, operational excellence, and reliable project execution worldwide. For more information, please visit www.firstmarinesolutions.com.

SOURCE Bedrock Ocean Exploration

TORRANCE, Calif., Aug. 6, 2026 — Hadrian, the advanced manufacturing company building highly automated factories for America, today announced $1.37 billion in new equity financing to accelerate the buildout of the domestic manufacturing capacity needed to deliver America’s most critical defense, aerospace, and industrial systems.

The financing will support new factories, expanded R&D, and additional production capabilities as Hadrian builds the industrial infrastructure required to deliver complete mission-critical systems at speed and scale. At a time when demand for trusted U.S. manufacturing capacity continues to outpace supply, Hadrian is expanding the AI-powered production network needed to strengthen deterrence, accelerate delivery, and restore America’s ability to build.

The raise values Hadrian at $7.87 billion. The financing will be co-led by WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures, and Baillie Gifford.

JPMorganChase’s Strategic Investment Group joined as anchor co-lead, investing through the firm’s Security and Resiliency Initiative, a program dedicated to strengthening the industries critical to national and economic security.

The round also included major participation by 1789 Capital, as well as participation from Morgan Stanley Wealth Management, funds managed by Apollo, accounts advised by T. Rowe Price Associates, Inc., CapitalG, Andreessen Horowitz, Founders Fund, Lux Capital, Altimeter, Construct Capital, and existing investors.

This capital will accelerate Hadrian’s ability to deliver not just precision parts, but full mission-critical systems. With its “Factories-as-a-Service” model, Hadrian can rapidly scale production across munitions, shipbuilding, and other high-priority programs.

“Production is now the frontline of deterrence,” said Chris Power, founder and CEO of Hadrian. “America’s ability to lead will depend on whether we can build, train, and scale faster. This financing allows Hadrian to accelerate building the Factories of the Future, expand into new mission-critical production capabilities, and invest in the technicians and engineers who will rebuild America’s industrial base.”

Since its Series C financing just 12 months ago, Hadrian has rapidly expanded its manufacturing footprint and capabilities. The company opened new factories in Mesa, Arizona, and Muscle Shoals, Alabama, bringing its footprint to just under 3 million square feet across four sites and adding capacity in regions central to America’s industrial future. Over the next year, Hadrian will launch additional factories and plans to expand into new production lines, including munitions and autonomous systems to continue building the manufacturing platform required to support the country’s most urgent programs.

Hadrian’s growth is also creating a new workforce model for American manufacturing. The company is hiring and training operators, engineers, and technologists to work inside highly automated factories where software, robotics, and human ingenuity come together on the factory floor. As Hadrian expands, it is building not only new production capacity–it is also broadening access to technician equity, giving the people building America’s next generation of manufacturing capacity a direct stake in the company’s success.

Together with its growing network of industrial partners, Hadrian is using its Series D to accelerate the manufacturing ecosystem required to help America build again by expanding the factories, capabilities, and workforce needed to deliver mission-critical systems at scale.

About Hadrian
Hadrian is rebuilding America’s industrial base with highly automated factories that combine process engineering, AI, and robotics. Its mission is to help space and defense manufacturers produce full programs at scale in the U.S. while giving American workers the tools to compete globally.

The company operates four facilities covering just under 3 million square feet: two in Torrance, California, and newly launched sites in Arizona and Alabama, with additional sites in development across the country. More information at https://www.hadrian.co/.

Media Contact
[email protected]

SOURCE Hadrian

SHANGHAI, Aug. 6, 2026 — Attovia Therapeutics, a portfolio company of Qiming Venture Partners and clinical-stage biopharmaceutical leader, successfully listed on the Nasdaq on August 5, 2026 Beijing time. Attovia Therapeutics (Nasdaq: ATTO) issued shares at a price of $17.00 per share and opened at $21.00 per share, with an approximate market capitalization of $904 million.

Commencing operations in 2023, Attovia develops next‑generation biotherapeutics for immune‑mediated diseases with high unmet medical needs. All of Attovia’s product candidates are discovered on its ATTOBODY biologics platform, which is licensed under an exclusive worldwide license from Alamar Biosciences, also a portfolio company of Qiming Venture Partners. Leveraging an evolution‑based high‑throughput workflow, the platform enables rapid discovery of highly diverse candidates that can be assembled into monospecific, bispecific and trispecific biologics.

Leveraging the ATTOBODY platform, Attovia has nominated three product candidates: ATTO‑1310, ATTO‑2306 and ATTO‑1091. As disclosed in the prospectus, proceeds from this IPO will mainly be used to advance the clinical development of ATTO‑1310, ATTO‑2306 and the research pipeline including ATTO‑1091, among other purposes.

Dr. Kan Chen, Partner and Healthcare Co-Lead at Qiming Venture Partners, commented: “Immune‑mediated diseases affect large patient populations worldwide and substantial unmet clinical needs persist with current standard‑of‑care therapies. Attovia’s differentiated ATTOBODY platform, in‑licensed from Alamar Biosciences, provides a powerful engine for engineering complex multi‑specific biologics. Qiming Venture Partners maintains a long‑term focus on investing in pioneering‑innovation biotech companies. We backed Attovia at its early stage and witnessed the team advance platform technology into clinical‑stage assets. Proceeds from this Nasdaq IPO will strongly support further advancement of its core pipeline. We look forward to Attovia delivering novel therapeutics to benefit patients globally.”

About Qiming Venture Partners

Qiming Venture Partners was founded in 2006. Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Healthcare industries at the early and growth stages.

Since our debut, we have backed over 580 fast-growing and innovative companies. Over 210 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 80 portfolio companies that have achieved unicorn or super unicorn status.

Many of our portfolio companies are today’s most influential firms in their respective sectors, including Xiaomi, Meituan, Bilibili, Zhihu, Roborock, Hesai Technology, UBTech, WeRide, HyperStrong, Insta360, Unisound, Biren Technology, Z.ai, Gan & Lee Pharmaceuticals, Tigermed, Zai Lab, CanSino Biologics, Schrödinger, APT Medical, Sanyou Medical, AmoyDx, SinocellTech, Insilico Medicine, AusperBio, Yuanxin Technology, Medilink Therapeutics, LaNova Medicines, StepFun, among many others.

• Partnership and investment in LevelTen Energy – the world’s largest clean energy marketplace – strengthens ABB’s ability to support industrial and commercial customers secure affordable, long-term clean energy without compromising speed to power in a complex grid environment
• Enhances ABB’s electrification and advisory services by expanding end-to-end solutions spanning energy procurement, electrification, optimization, and emissions reduction
• Highlights ABB’s commitment to collaborating with innovative startups that accelerate the energy transition and create customer value

ZURICH, Aug. 6, 2026 — ABB has formed a strategic partnership and made a minority investment in LevelTen Energy, the world’s largest marketplace for clean energy transactions including power purchase agreements (PPAs). Headquartered in the United States, LevelTen has facilitated more than 20 GW of clean energy transactions in more than 35 markets across North America and Europe on behalf of a wide array of industry participants, including hyperscalers, commercial and industrial companies, and utilities.

The strategic partnership and investment strengthen ABB’s energy and carbon (E&C) advisory services offering by combining its expertise in electrification, digital solutions and energy management with LevelTen’s market-leading platform, Financial details of the investment were not disclosed.

As businesses face increasing pressure to decarbonize operations, securing access to reliable, affordable clean electricity has become one of the most complex challenges on the path to net zero.

“Our customers are under real pressure to reduce their carbon footprint while managing energy costs and maintaining reliable, 24/7 operations,” said Stuart Thompson, President of Electrification Service division at ABB. “One important piece missing from the solutions we provide today: a straightforward way to secure long-term clean energy at the right price. LevelTen Energy brings exactly that capability. Through the partnership, ABB will be able to extend its energy and carbon advisory services with renewable energy procurement capabilities, helping customers move from planning and implementation to ongoing optimization and reporting.”

The collaboration is particularly relevant as regulatory requirements evolve. More businesses are moving beyond annual renewable energy matching toward more stringent expectations around when and where clean energy is generated and consumed. These customers increasingly rely on technologies such as battery energy storage systems, microgrids, and advanced energy management solutions, areas where ABB has extensive expertise. LevelTen’s capabilities in clean energy contracting and environmental attribute certificate trading complement these technologies, helping customers build more comprehensive and verifiable decarbonization strategies.

Thompson added: “The partnership is expected to accelerate growth opportunities for both companies. ABB will gain access to LevelTen’s extensive ecosystem of clean energy developers and projects, creating new opportunities to deliver monitoring, optimization and lifecycle services. At the same time, LevelTen will benefit from ABB’s domain expertise and global customer relationships, particularly within manufacturing, industrial and commercial sectors, as well as ABB’s strong presence in growth markets including Asia-Pacific.”

Bryce Smith, CEO of LevelTen Energy, said: “This strategic partnership will generate new clean energy solutions, allowing ABB’s global customers to seamlessly tap into clean power, capacity and portfolio management tools. Together, we have a real opportunity to help even more customers decarbonize.”

Together with recent investments such as Gridcog, ABB is expanding its capabilities across energy procurement, advisory and energy and carbon services to help commercial and industrial customers accelerate their energy transition and make more informed energy decisions.

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 18 startups since 2021.

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

LevelTen Energy – https://www.leveltenenergy.com 

Contact: 
Prenade Makumborenga
[email protected]
+27 (0)69 564 4147