Silicon Valley lender is building a private-bank-style mortgage platform for founders, self-employed entrepreneurs, business owners and high-net-worth borrowers who don’t fit traditional agency underwriting

DANVILLE, Calif., Sept. 17, 2026 — As Non-QM mortgage lending continues to expand, RateSecure sees the market separating into two distinct segments: traditional alternative-credit lending and a private-bank-style approach designed for financially strong borrowers with complex income and wealth profiles.

“There are really two Non-QM markets emerging — traditional alternative-credit lending and private-bank-style lending for wealthy borrowers,” said Gurp Bhandal, Founder and CPO of RateSecure. “We built RateSecure around the second.”

For RateSecure, this is often a documentation gap, not a credit gap.

“Traditional mortgage underwriting works well for borrowers with predictable W-2 income, but entrepreneurship creates a different financial profile,” said Sam Bhandal, President and CEO of RateSecure. “A successful business owner shouldn’t become a difficult mortgage borrower simply because their income doesn’t fit neatly into a conventional calculation.”

For many self-employed borrowers, legitimate business deductions, reinvestment and multiple income sources can complicate qualification without necessarily indicating weaker financial strength.

Private-Bank Thinking at Silicon Valley Speed

Understanding a complex borrower is only part of the equation. In Silicon Valley’s ultra-competitive housing market, execution matters just as much as loan structure.

RateSecure is built to close complex loans in less than 10 days, giving founders, entrepreneurs and business owners the ability to compete on speed alongside borrowers with traditional W-2 income.

Complex wealth shouldn’t put a buyer at a competitive disadvantage.

“When a family finds the right home, the complexity of how they’ve built their wealth shouldn’t be the reason they lose it,” Gurp Bhandal said. “Our job is to understand the borrower, structure the financing correctly and execute at the speed the market demands.”

A Different Evolution of Non-QM

RateSecure believes the growth of self-employment, entrepreneurship and complex personal wealth is changing the role Non-QM plays in the mortgage industry.

Historically, Non-QM has often been viewed as an alternative for borrowers unable to qualify for conventional financing. RateSecure believes that definition increasingly misses an important part of the market.

“Non-QM isn’t simply about borrowers who can’t qualify conventionally,” Gurp Bhandal said. “There’s a growing segment of financially strong borrowers who simply need a more sophisticated way to document income and wealth.”

For RateSecure, those borrowers aren’t exceptions to its lending model. They are the reason the model exists.

“We’re building a mortgage company around founders, entrepreneurs, business owners and high-net-worth borrowers,” Sam Bhandal said. “The goal is to bring the level of understanding and individualized structuring associated with private banking into a modern mortgage platform.”

About RateSecure Financial

RateSecure Financial, Inc. is a California mortgage lender focused on founders, self-employed entrepreneurs, business owners, real estate investors and high-net-worth borrowers with complex income and wealth.

Complex Wealth. Strategic Lending. Exceptional Execution.

RateSecure Financial, Inc.
NMLS #2815879
CA DFPI California Financing Law License #60DBO-217750
675 Hartz Avenue, Suite 103
Danville, CA 94526
(866) 351-RATE
[email protected]

SOURCE RateSecure

LAFAYETTE, Ind. , Sept. 17, 2026 — Valley Oaks Health announced today that it has been awarded $828,375 through the Growing Rural Opportunities for Well-being (GROW) Region 3 Grant initiative to strengthen access to integrated healthcare services across rural communities in northwest central Indiana.

The funding is part of the Indiana Rural Health Transformation Program (Indiana RHTP), a statewide initiative designed to improve healthcare access, strengthen healthcare infrastructure, promote innovation, and support strategic partnerships that improve the health and well-being of Hoosiers.

Valley Oaks Health serves individuals and families across ten Indiana counties through a comprehensive system of behavioral health, primary care, addiction treatment, crisis intervention, care coordination, and community-based support services. The GROW award will help advance efforts to improve access to care, strengthen regional partnerships, and enhance services in rural communities where healthcare workforce shortages and transportation barriers often limit access to timely treatment.

At the community level, this funding will primarily support expansion of Primary Care access points in Attica, IN and Monticello, IN in the first half of CY2027 with further expansion planned next year.

“This investment reflects a shared commitment to improving the health and well-being of rural Hoosiers,” said Dan Arens, Chief Executive Officer of Valley Oaks Health. “Through collaboration with community partners and local stakeholders, we will continue expanding access to integrated healthcare services that address both physical and behavioral health needs close to home; encouraging local healthcare relationships.”

Approximately one in five Hoosiers lives in a rural community, and the Indiana Rural Health Transformation Program supports community-driven solutions that address local healthcare priorities. The five-year initiative emphasizes innovation, workforce development, infrastructure improvements, and regional collaboration to improve health outcomes across Indiana.

Valley Oaks Health remains committed to its mission of improving the health and happiness of our community, one person at a time, by delivering accessible, high-quality care regardless of an individual’s ability to pay.

About Valley Oaks Health

Valley Oaks Health is a nonprofit healthcare organization serving communities across northwest central Indiana. The organization provides integrated behavioral health, primary care, addiction treatment, crisis services, and community support programs designed to improve the health and well-being of individuals and families throughout the region.

www.valleyoaks.org

This Rural Health Transformation Program is supported by the Centers for Medicare & Medicaid Services (CMS) of the U.S. Department of Health and Human Services (HHS) as part of a financial assistance award totaling $206,927,896.80 with 100 percent funded by CMS/HHS. The contents are those of the author(s) and do not necessarily represent the official views of, nor an endorsement, by CMS/HHS, or the U.S. Government.

SOURCE Valley Oaks Health

LONDON, Sept. 17, 2026 /PRNewswire/ — Magentic, which provides AI digital workers for operations at large industrial companies, today announced an $18 million Series A. The round was raised a year after launch and led by Felicis, alongside existing investors Sequoia Capital and The Westly Group. Founded by McKinsey and OpenAI alumni, Magentic is leading the deployment of AI agents for the world’s largest manufacturers.

“The physical world is dealing with the biggest capex cycle in history, driven by AI demand, during a time of trade disruption and geopolitical challenges,” said Robin Van Aeken, CEO and co-founder of Magentic. “The companies that build the best intelligence into every decision they make will be the ones that compound their competitive advantage.”

The funding arrives as industrial and procurement teams face converging pressures from manufacturing demand, tariffs, and limited budget. Goldman Sachs projects roughly $8 trillion in AI capital spending between 2026 and 2031, much of it flowing into physical infrastructure that has to be sourced and built. Procurement workloads have grown roughly 10% year over year against just 1% budget growth.

AI digital workers for operations

Magentic’s AI digital workers are multi-agent systems that operate like virtual employees, working continuously inside the world’s largest manufacturers. This AI workforce works the way people do: on Microsoft Teams, on email, and inside a company’s own systems. They can take over work and own it end to end: deciding whether to buy or build, choosing the right supplier, negotiating contracts, running orders, and clearing invoices. Built for a scale only the world’s largest manufacturers face in billions of rows of data, tens of billions in spend, and decades-old fragmented systems still held together by Excel and aging ERPs, a single digital worker grows into a workforce spanning operations, with people always in command.

Magentic supports both indirect and direct spend. This includes the raw materials that go into products, where the most complex and valuable challenges lie. One customer now runs more than a million orders a year through Magentic AI agents; at another, they’ve already found $4 million in savings. Across a base of the Global 500, including three of the world’s ten largest beverage companies, Magentic typically delivers 2–5% savings, a 60% lift in data quality, and reduces tens of thousands of hours of manual work. This frees people to focus on partnering with suppliers, new product innovation, and strategy. Magentic sees human procurement teams growing bigger as their value per person goes up in the future.

“Supply chains are the least glamorous part of the economy, yet the most consequential, deciding what gets built and what does not. That’s also what makes them so hard to automate,” said Feyza Haskaraman, Partner at Felicis. “Getting an agent to understand a manufacturer’s complex systems well enough to take action inside them is no small feat, which is why we haven’t seen anyone else build autonomous AI workers for the physical economy.”

Scaling a secure AI workforce

With enterprise wary of AI agents acting inside critical systems, Magentic is built for demanding security bars. Controls include zero-data-retention agreements with major AI providers, deployment in any cloud environment, and secure, isolated deployments available in any data region.

The new funding will accelerate Magentic’s roadmap for AI agents, extend coverage across procurement and supply chain workflows, and deepen the long-horizon AI research that lets agents tackle the most complex optimization problems in procurement and supply chains.

“Bringing frontier AI to the physical world requires pushing beyond AI systems with limited context windows. We’re building AI that can diagnose problems, plan the fixes, take action, and see the work through across terabytes of multimodal data at once,” said Odhran O’Donoghue, CTO and co-founder of Magentic.

About Magentic

Magentic provides AI digital workers, advanced multi-agent systems, that work alongside procurement and supply chain teams at global companies. Rather than adding another software dashboard, AI digital workers take action inside a company’s own systems. Founded by Robin Van Aeken (CEO) and Odhran O’Donoghue (CTO), Magentic launched in July 2025, is based in London and New York, and is backed by Sequoia Capital, Felicis, and The Westly Group.

Media contact 
media@magentic.com

SOURCE Magentic

The round marks a significant deepening of FIZE Medical’s strategic relationship with Asahi Kasei Medical, which launched FIZE kUO^® in Japan and serves as FIZE’s exclusive distribution partner in the country. Asahi Kasei Medical will now also distribute FIZE kUO^® in Europe, expanding FIZE Medical’s commercial reach into a major new market while strengthening the companies’ collaboration across critical care.

With this investment, Asahi Kasei Medical is expanding its involvement beyond distribution and into fluid management, signaling a deeper strategic commitment to FIZE Medical’s technology and its vision for the future of critical care. The partnership comes as FIZE Medical advances FIZE Optima, which is designed to harness continuous physiologic data to predict fluid-related risk and guide treatment decisions.

“Asahi Kasei Medical has been an important and trusted partner in bringing FIZE kUO to clinicians in Japan, and this investment represents a meaningful next step in our relationship,” said Dror Zerem, CEO of FIZE Medical. “We are moving beyond monitoring toward a future in which continuous patient data can help clinicians anticipate fluid-related risk and make more informed treatment decisions. Having Asahi Kasei Medical deepen its commitment to FIZE at this stage is a powerful validation of both our technology and vision.”

“As a world leader in development and production of devices and systems for blood treatment and purification, we already know this space well, and fluid management is a natural extension of our presence in critical care,” said Shuichiro Inadome, CEO of Asahi Kasei Medical. “We’re excited to deepen our partnership with FIZE Medical as it advances from precision monitoring toward predictive, AI-powered fluid management. We see significant potential in FIZE’s technology and look forward to expanding access to FIZE kUO in Europe.”

“Asahi Kasei Medical’s investment is a vote of confidence in FIZE Medical’s technology and trajectory,” said Kevin Slawin, M.D., Founder and Managing Partner of Rapha Capital Management. “We began investing in FIZE from its earliest stage because we believed in its potential to fundamentally change medicine through its groundbreaking kUO device. Today, we continue that commitment as FIZE establishes the kUO as the leading device in real-time kidney urine output data collection and takes the next step towards utilizing that data to deliver real-time fluid management solutions to clinicians when it’s needed most.”

Proceeds from the round will be used to accelerate development of the FIZE Optima platform for AI-driven prediction and treatment guidance, and to strengthen commercial activities in FIZE Medical’s leading markets.

About FIZE Medical

FIZE Medical is an innovative MedTech company dedicated to transforming fluid management for critically ill patients. Its proprietary FIZE kUO® system, commercially available in Japan, Europe and the U.S., provides real-time, digital monitoring to support precision fluid management, early intervention, and improved patient outcomes. FIZE Medical is committed to redefining fluid management through continuous innovation, AI-driven data insights, and clinical evidence.
https://fizemedical.com

About Asahi Kasei Medical Co., Ltd.

Asahi Kasei Medical Co., Ltd., headquartered in Tokyo, serves the global market with dialysis products and therapeutic apheresis devices, such as membrane type plasma separators, plasma component separators, and immunoadsorption columns. With a strong focus on intensive care, Asahi Kasei Medical is committed to advancing technologies that support healthcare professionals in improving outcomes and saving lives in the most critical clinical settings.

*Effective April 1, 2027, Asahi Kasei Medical Co., Ltd. will operate under the new company name “MILIFE CARE Corporation”.

https://www.asahi-kasei.co.jp/medical/

About Rapha Capital Management

Rapha Capital Management, LLC is an investment advisory firm focused on making strategic investments in early stage, non-public biotechnology companies, through special purpose, joint venture entities (SPVs), which it manages. Rapha Capital was founded by its President, Kevin Slawin, M.D., a successful and experienced urologist, oncologic and robotic surgeon focusing now on disruptive healthcare technologies. Previously, he was the founder of Bellicum Pharmaceuticals, Inc., the very first CAR-T cell company, which he took public in 2014 with a $55 million crossover Series C and a successful $161 million IPO in December 2014.

After leaving Bellicum, he founded Rapha Capital Management, LLC (https://raphacap.com), which offers alternative asset management services to Rapha’s fifteen SPVs, Rapha Capital Investment I to XV, LLC, as well as to its private equity fund, Rapha Capital PE Life Sciences Fund VI, which is the current vehicle for all investments managed by Rapha Capital Management.

For more information about Rapha Capital Management, email [email protected] or visit https://raphacap.com

Media Contact

Sharon Golubchik
RAYNZ
[email protected]

SOURCE FIZE Medical

The platform reconciles fragmented stock-market records to uncover discrepancies and preserve the evidence needed to investigate.

MONTREAL, Sept. 17, 2026 — BlueLedger AI Inc. (“BlueLedger”) today emerged from stealth at ALL IN 2026. Conflicting records can make it harder to verify ownership, establish payment entitlements or investigate suspected trading irregularities. BlueLedger helps issuers, counsel and market-integrity teams investigate those discrepancies, distinguishing supported findings from unresolved questions. The company is starting with paid issuer pilots, with retail access planned as the platform expands.

BlueLedger brings together public-company leadership, retail-investor research and financial intelligence. Co-Founder and Board Chair George Palikaras encountered the challenge inside a Nasdaq-listed company. CEO and Co-Founder Tiana Stoddart spent roughly three years manually tracing records with fellow investors. Co-Founder and Chief Science Officer Prof. Dhirendra Shukla brings expertise in entrepreneurial finance and financial intelligence, including Gray Wolf Analytics.

“Confidence in public markets depends on the ability to verify the records behind them. When those records conflict, issuers and investors need a reliable basis for investigation,” said Palikaras. “We are building BlueLedger to make reconciliation a core part of market oversight”.

“We compared filings, corporate-action records, identifiers and timelines, often moving between different systems and jurisdictions just to answer basic questions about the same security,” said Stoddart. “The information was there, but the complete story was not.”

“A discrepancy is a starting point for investigation, not a conclusion,” said Shukla. “The challenge is to establish whether records are genuinely comparable, account for differences in timing and context, and make uncertainty explicit.”

MaxWave Capital’s investment reflects its focus on governed intelligence for consequential decisions. Its portfolio also includes ARKEN, a separate company applying governed AI in industrial environments.

Peter J. Balafas, Managing Partner of MaxWave Capital, brings three decades of financial-industry experience to the firm’s investment thesis.

“An AI model alone is not a durable competitive advantage. The moat develops through domain expertise, reliable evidence and integration into the workflows clients depend on,” said Balafas. “With more than 50,000 listed companies worldwide, we see an opportunity to build trusted infrastructure for a global market.”

BlueLedger is headquartered in New Brunswick, where Prof. Shukla has ties to the innovation ecosystem. The company plans to build commercial capacity in the province for global markets and attract top talent in artificial intelligence and machine learning.

“I’m backing BlueLedger with my own capital and moving from Vancouver to New Brunswick to build it. The province’s Small Business Investor Tax Credit supports eligible investment, but the opportunity is bigger: to build a company here that serves global capital markets,” said Stoddart. “I want to help turn that opportunity into local talent development, innovation and lasting economic value.”

ALL IN 2026 takes place September 16–17 at the Palais des congrès de Montréal.

About BlueLedger AI Inc.

BlueLedger is building the evidence layer for trust in public markets. Its platform reconciles fragmented records across a security’s lifecycle to uncover discrepancies and preserve investigative evidence. Designed for issuers, counsel and market-integrity teams, BlueLedger distinguishes established findings from unresolved questions, with retail access planned. Headquartered in New Brunswick, Canada, BlueLedger is backed by MaxWave Capital. Visit blueledger.ai.

About MaxWave Capital Inc.

MaxWave is an operator-led independent sponsor focused on control-oriented private equity investments and special situations across North America and selectively in the UK and broader EMEA. The firm takes substantial ownership positions with negotiated governance rights in businesses facing operational complexity or transition. Drawing on experience in deep technology, capital markets and cross-border transactions, MaxWave works alongside management to set strategy, improve operations and execute growth plans. Learn more at maxwavecapital.com.

Media Contact

George Palikaras | 902 222 4423 | [email protected] |  blueledger.ai

SOURCE BlueLedger AI Inc.

New funding from leading artists and music industry executives—including Zach Bryan, Benny Blanco, Tainy, Ari Emanuel, Julie Greenwald, Sam Hendel, and others—supports the next phase of growth as Notes.fm builds a new financial layer for the music economy

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NEW YORK, Sept. 17, 2026 — Notes.fm, the music royalty collection platform helping musicians and music companies identify and collect 100% of their royalties, announces it has raised $5 million from leading artists, managers, executives and strategic partners across the music industry. Notes is the latest venture from Stem co-founder Tim Luckow, on a mission to support independent artists with the best-in-class technology for distribution and publishing under one roof so they can have full control over their earnings and stop missing out on money that is rightfully theirs.

The round includes participation from a range of influential artists and music industry leaders from Benny Blanco, Zach Bryan and his managers Stefan Max and Danny Kang, Tainy, Blake Slatkin, and Mt. Joy frontman Matt Quinn, WME Group Executive Chairman Ari Emanuel, Chord Music founder Sam Hendel, longtime Atlantic Records chief and 26.2 founder Julie Greenwald, as well as many of the industry’s leading companies including Foundations, Mick Management, Twenty Ten Management, Triple 8, KMGMT, Good Boy, Mexican Summer, and Breakaway. The funding will support continued platform development and scaled marketing efforts as Notes expands its offering to artists globally.

Notes recently debuted a new feature “Releases” and unveiled its new partnership with Stripe, to streamline distribution, publishing admin and money management into one simplified release flow for musicians. This allows artists to use Notes.fm as the home for both distribution and royalty collection, making it easy for artists and their teams to take simultaneous ownership of their creative output and the income it generates. Notes is founded on the principle that every artist should receive all of their royalties. That’s why they take 0% participation in distribution and publishing royalties, charging a flat monthly subscription fee instead. It’s the same ethos behind their catalog royalty review technology, which helps rights owners identify missing royalties across their catalog and fix the issues so they can claim all of the royalties they’ve earned while they can.

This isn’t new for Notes. Since launch, they’ve rolled out capabilities that allow artists and rights holders to more seamlessly manage their earnings, including integrated financial accounts designed to give users more flexibility in how they collect, store, and transfer, and earn on income. These updates are part of a broader effort to build a more complete financial layer for the modern music ecosystem.

Prior to Releases, Notes also announced  Credits.fm, a free and open music credits database indexing more than 150 million song codes and credits to help the music industry organize, verify, and connect the data powering royalties and artist compensation in the age of AI.

“Music is evolving quickly, and the finance systems around it need to evolve at a faster rate,” said Tim Luckow, CEO and co-founder of Notes.fm. “Between all of the actions required to properly release, credit and collect on music, there are a lot of places where money falls through the cracks. We built Notes to bring all of that into one platform — so artists can release music and collect every royalty from day one, and recover what’s historically been missed.”

“Having spent our careers working with artists at every level, we’ve seen firsthand how much value gets lost to fragmented, unnecessarily complex systems,” adds co-founder Derek Davies. “The response to Notes from the music community has been incredibly meaningful, and we’re proud to announce a raise funded almost exclusively by artists, managers and music industry strategics who have a native understanding of these issues firsthand. This raise gives us the resources to keep building the infrastructure and applications that we believe the next generation of artists deserves.”

Notes has created an artist-friendly, automated process to simplify a notoriously complex and outdated system that has historically led to hundreds of millions of dollars in royalties going unclaimed by artists every year. Notes brings clarity to the complexity, requiring only a musician name and list of songs to start reviewing streaming services, collection societies, and registries like the MLC and SoundExchange. The platform not only identifies missing royalties, but it also helps an artist fix issues and directly claim the royalties that result from those corrections while ensuring future income flows correctly.

Following its public launch last year, Notes has already demonstrated strong early traction, identifying more than $10 million in previously unclaimed royalties across a broad range of artists and catalogs including James Blake, Zach Bryan, Mt. Joy, Girl In Red and more. The platform continues to grow across both emerging and established artists, reflecting a shared demand for greater clarity and access in how music earnings are tracked and distributed.

By bringing together royalty discovery, payments infrastructure, and music-centric financial management into a single experience, Notes.fm is helping to create a new system that better supports artists as their careers and audiences grow.

About Notes.fm
Notes.fm is a music royalty collection platform built to help independent musicians, artists and music companies collect all of their royalties in one easy-to-use place. Founded by Stem co-founder Tim Luckow, Notes brings distribution, publishing, and financial tools under one roof, giving musicians and companies the technology to release music, verify song credits, manage their catalogs, and collect every royalty they’re owed. Music Royalties, Simplified.

Learn more at www.notes.fm.

The Untold: Chelsey Northern ([email protected]), Chloé Snyder ([email protected]), Cory Councill ([email protected])

SOURCE Notes.fm

Condor’s announcement comes as looming patent cliffs across the pharmaceutical industry intensify pressure on companies to replenish their pipelines. While AI has accelerated drug discovery and increased the number of viable candidates, the financial infrastructure drug development runs on remains remarkably manual and labor intensive. When a budget, forecast, and actuals diverge, R&D teams can lose hours, if not days, reconciling data across ERPs, CTMS, EDC systems, and spreadsheets to better understand the financial impact behind the “why”. Lagging decisions have real consequences — like continuing to fund an underperforming site, discovering a change-order problem after negotiations are already underway, or waiting weeks to understand the financial implications of an enrollment change.

The clinical finance agent reasons across an organization’s full budget and forecast history in Condor to explain the “why” behind the numbers, identifying in seconds rather than hours what’s driving a variance between actuals and forecast or the cost to complete a given trial. It also runs full what-if scenario planning, modeling changes to site mix, enrollment timing, or financial investment, and then builds the resulting model directly in the platform. Powered by Condor’s proprietary knowledge graph and a deterministic math layer with AI reasoning on top, the agent is tuned to how R&D teams actually ask questions; not generic corporate forecasting logic. Additionally capabilities will be added to the agent soon.

Here’s how the agent works: you ask the questions that used to take your team weeks to prepare, and instantly get answers you can act on. For example, an R&D team’s clinical operations or finance leader can ask:

“Which sites in this trial are falling behind, and what does that mean for my budget, timeline, and enrollment?” Condor identifies the sites creating risk and connects their performance to the downstream impact on enrollment, timing, and cost.

“What will it cost to complete enrollment?” Condor calculates a cost-to-complete forecast based on the current state of the trial, without waiting weeks for a team to manually rebuild the model.

“Why did my change order increase?” Condor traces the increase back to the clinical and operational activity driving it and identifies where there may be an opportunity to reduce the cost.

To see the agent in action, book a demo at https://condorsoftware.com/contact.

The clinical finance agent is one of several agents in Condor AI Workflows — one of Condor’s three product pillars. Condor Connect automatically centralizes clinical, operational, and financial data with an understanding of a biopharma’s processes. Condor AI Workflows then automates various workflows — like budgeting, forecasts, month-end closes, accruals, and change order management. Condor AI Insights then surfaces patterns, flags risks, bridges context across functions, and delivers the “why” behind the numbers.

Supporting Quotes

“Drug development runs on two things: the science and the money that funds it. For decades, science was the bottleneck. AI and the patent cliff are closing that gap, and pipelines are about to fill with more candidates than this industry has ever had to fund. But the bottleneck didn’t disappear. It moved from the lab to the ledger. Every one of those candidates still has to be forecasted, funded, and managed, and the financial infrastructure doing that job still runs on spreadsheets. The pharmaceutical industry doesn’t have a data problem. It has a context problem. Companies have more data than they’ve ever had. But answering a basic question like ‘Why did this trial get more expensive?’ can still require people to hunt across multiple systems and rebuild the answer manually. We started Condor to eliminate that gap, and our new clinical finance agent takes us one huge step closer to realizing our mission of giving biopharma R&D teams the information they need to make clinical and financial decisions quickly and confidently.”

—Condor Founder and CEO Jen Kyle

“Quickly producing the ‘why’ behind the numbers is the biggest pain point that clinical operations and FP&A teams experience. Any system can tell you you’re five million over budget. That’s not useful on its own. You need to know in a clinical context what’s actually driving it, and you need to know fast. Our knowledge graph lets us answer that in a way generic AI can’t, because it intimately understands the context underpinning the clinical trial activities. And it doesn’t stop at the answer; it also builds the model. Our clinical finance agent is one of many Condor AI agents, each purpose-built to remove a specific piece of the manual work that slows R&D teams down.”

— Condor VP of Product Nim Fox

About Condor Software

Condor Software is the AI platform for biopharma R&D teams. It automatically centralizes clinical, operational, and financial data; automates various workflows — like budgeting, forecasts, month-end closes, accruals, and change order management; and then surfaces patterns, flags risks, bridges context across functions, and delivers the “why” behind the numbers. Founded by Jen Kyle, Condor is backed by Insight Partners, Felicis, 645 Ventures, Pamir Ventures, and SNR Ventures, and is trusted by leading biopharma companies worldwide — including Acadia Pharmaceuticals, BridgeBio Pharma, Madrigal Pharmaceuticals, and Stemline Therapeutics. Learn more at condorsoftware.com.

Media Contact:
Joseph Roualdes
[email protected]
415.823.2136

SOURCE Condor Software

New structured capital from Hamilton Lane, executed alongside a parallel upsize of telMAX’s existing credit facility from Power Sustainable, will accelerate telMAX’s mission to bring Canada’s fastest all-fibre internet to more communities across Ontario

TORONTO and MONTREAL, Sept. 17, 2026 — telMAX, Ontario’s leading independent provider of 100% pure fibre internet, TV and home phone, today announced that funds managed by global private markets investment firm Hamilton Lane (Nasdaq: HLNE) have completed a $105 million structured investment in telMAX. In a parallel transaction, Power Sustainable Infrastructure Credit, (“PSIC”), telMAX’s existing financing partner, Palistar Capital, and MidStar Capital are together significantly increasing a credit facility with the company by $110 million.

Combined, the two transactions inject more than $200 million in new growth capital into telMAX, one of the largest growth financings secured by an independent Canadian digital infrastructure firm.

telMAX’s rapid scaling of its world-class, independent fibre network continues to attract institutional capital, including new investment from funds managed by Hamilton Lane, and existing partner Power Sustainable alongside its new financing partners – Palistar Capital and MidStar Capital. Since 2025’s financing round, telMAX has continued to execute at speed, extending its 100% pure fibre optic network to Markham, Barrie and Oakville, while continuing to build and operate its infrastructure footprint across the Greater Toronto Area, (GTA), including Brooklin, Stouffville, Newmarket, Aurora, and Richmond Hill.

With this new capital, telMAX will push further into the western GTA, extending its footprint into Burlington, Brampton, and Mississauga – bringing Canada’s fastest fibre network within reach of hundreds of thousands of additional homes and businesses, and fulfilling growing demand for superior, fibre-based connectivity in these previously underserved markets.

“telMAX was built on a simple belief: communities should not have to settle for outdated legacy internet options. This investment gives us the capital needed to move even faster on the next stage of our growth plan which expands our delivery of the reliable, high-performance fibre service that Canadians increasingly expect and deserve,” said Michael Strople, CEO of telMAX. “We are excited to welcome Hamilton Lane as a new partner in the next chapter of the telMAX story, and we are appreciative of Power Sustainable’s continued support as they double down on our vision.”

The scale of the of two parallel financing transactions are a statement of confidence in telMAX’s growth strategy and overall business. Hamilton Lane is stepping in as a new institutional partner, drawn by telMAX’s track record of disciplined execution and the scale of the opportunity ahead. At the same time, Power Sustainable, which provided telMAX a senior secured credit facility in 2025, is increasing its commitment to fund the company’s next stage of growth in partnership with both Palistar Capital and MidStar Capital. Together, these two investments give telMAX one of the strongest capital positions of any independent, infrastructure-based fibre provider in the country.

Beyond the balance sheet, this is a foundational investment to better serve one of Canada’s fastest-growing regions by bringing genuine choice, speed and reliability to more households and businesses across the GTA through a state-of-the-art, independent network built and staffed in the communities it serves. It’s the kind of infrastructure Ontario needs to support its growth, designed and built from the ground up to meet the demands of the next decade rather than the last one.

“We believe telMAX represents a compelling opportunity to invest in a business with in-place infrastructure, significant growth prospects, an experienced management team and a path to create long-term value by connecting more communities to critical digital infrastructure,” said Taylor McManus, Principal at Hamilton Lane. “This transaction is a great example of Hamilton Lane’s infrastructure capabilities, and our strategy of providing capital solutions to GP partners and their portfolio companies.”

“Reliable digital connectivity is essential infrastructure for growing communities and businesses. telMAX has demonstrated a differentiated approach to building and operating high-quality fibre infrastructure—combining disciplined execution with a clear focus on the communities and customers it serves. The company has built meaningful momentum in markets where demand for reliable, high-performance connectivity is growing. We are pleased to increase our commitment and support telMAX’s next phase of growth,” said Ben Shenwick, Principal, Power Sustainable Infrastructure Credit.

“telMAX has built a distinguished fiber platform with attractive underlying markets and a clear opportunity to continue scaling its network,” said Carras Holmstead, Investment Partner, Palistar Capital. “We are pleased to partner with Power Sustainable to provide additional capital for the company’s next phase of growth. Our commitment reflects our conviction in the long-term value of high-quality digital infrastructure and our focus to supporting agile, high-impact platforms that bridge connectivity gaps.”

“This is about much more than adding new addresses to our network,” said Brad Fisher, Chief Operating Officer, telMAX. “It’s about leveling the playing field and giving Canadians a real choice, enabling not just today’s critical applications, but future-proofing communities for what’s next. Our job now is to put this capital to work accelerating construction, scaling our teams, and proving that an independent Canadian provider can move with the speed and execution the incumbents simply can’t match.”

telMAX was advised by the Bank Street Group investment banking firm throughout this process, and now with the backing of Hamilton Lane, Power Sustainable, Palistar Capital, and MidStar Capital – enters its next phase of growth from a position of strength with the ambition to become Canada’s leading independent fibre internet provider.

About telMAX
telMAX, a locally based company headquartered in the Greater Toronto Area, offering 100% fibre internet, TV, and phone services to residential and business customers. Known for delivering Canada’s fastest internet and industry-leading performance, telMAX designs, builds, and operates its own end-to-end fibre-to-the-home network engineered for speed, low latency, and reliability. With ongoing expansion, telMAX serves communities including Barrie, Brooklin, Stouffville, Newmarket, Aurora, Markham, Oakville, and Richmond Hill, while proudly supporting local employment and community development. telMAX – fibre built for AI. telMAX.com

About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 800 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1.1 trillion in assets under management and supervision, composed of more than $146 billion in discretionary assets and $914 billion in non-discretionary assets, as of June 30, 2026. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit www.hamiltonlane.com.

About Power Sustainable
Power Sustainable is a multi-platform alternative asset manager investing across the core sectors of the real economy as they undergo structural change. The firm allocates capital across energy, food, mobility, connectivity, and the built environment, investing selectively along the value chains through infrastructure equity, infrastructure credit, and private equity strategies. Power Sustainable focuses on sectors where transition, resilience and resource efficiency are material drivers of opportunity, performance and risk. Power Sustainable is a subsidiary of Power Corporation of Canada (TSX: POW), an international management and holding company that focuses on financial services in North America, Europe and Asia. Learn more at www.powersustainable.com.

About Palistar Capital 
Palistar Capital LP (“Palistar”) is an alternative asset manager led by Managing Partner and Founder, Omar Jaffrey, focused on digital infrastructure investments. Palistar Capital seeks to invest through direct asset ownership as well as by developing innovative financing solutions to complex problems for leading global digital infrastructure related companies. To learn more about Palistar Capital, visit www.palistar.com.

About MidStar Capital Corp.
MidStar Capital provides structured private debt financing solutions targeting borrowers with EBITDA between $5 million and $50 million. MidStar was launched in January of 2017 and is a partnership owned jointly by the MidStar management team and Connor, Clark & Lunn Financial Group Ltd. (CC&L Financial Group).

MidStar Capital is part of CC&L Financial Group, an independent, employee-owned, multi-boutique asset management firm with over 40 years of history. Collectively managing over CAD230 billion in assets, CC&L Financial Group and its affiliate firms offer a diverse range of investment products and solutions to institutional, high-net-worth and retail clients. www.midstarcapital.com 

SOURCE telMAX

Proprietary intelligence platform draws on more than $2 billion funded across over 35,000 businesses to deliver faster, deeper and more accurate underwriting

NEW YORK, Sept. 17, 2026 — Byzfunder today announced the launch of TraceDataIQ, its proprietary AI-native underwriting intelligence platform built specifically for small-business finance.

Traditional systems extract information from bank statements. TraceDataIQ goes substantially further—analyzing the complete financial, operational and public profile of a business and converting fragmented information into real-time, decision-ready underwriting intelligence.

Built on the knowledge and performance history developed through more than $2 billion in financing provided to over 35,000 businesses, TraceDataIQ evaluates how a company actually operates—not merely what appears on its application.

Beyond Bank-Statement Parsing

TraceDataIQ automatically:

• Converts bank statements, financial statements, P&Ls, balance sheets, accounts receivable and accounts payable into structured underwriting intelligence.
• Evaluates cash-flow quality, revenue volatility, existing obligations, payment performance, modifications and signs of financial stress.
• Conducts comprehensive background screening across state and federal court systems, public records, UCC filings and third-party data sources.
• Analyzes a company’s digital footprint, including public-facing websites, business profiles and social media, to validate its identity, operations and credibility.
• Continuously synthesizes financial, behavioral and external data into an explainable risk assessment that informs approval, structure, pricing and collectability.

“If the information is out there, TraceDataIQ will find it.”

By transforming fragmented financial, legal, operational and public data into actionable underwriting intelligence, TraceDataIQ has materially strengthened Byzfunder’s ability to reduce charge-offs while continuing to provide essential capital to underserved American businesses. This combination of deeper risk intelligence and broader access to credit distinguishes Byzfunder within the U.S. small-business financing market.

“TraceDataIQ represents the future of small-business underwriting,” said Ilya Fridman, Founder and CEO of Byzfunder. “Traditional systems read bank statements. TraceDataIQ understands the business behind them. It identifies risks, patterns and opportunities that conventional models miss and turns that intelligence into faster, more consistent and more accurate credit decisions.”

“Our objective was never to build another parser,” Fridman continued. “We built a digital underwriter—one capable of evaluating the complete financial story of a business, finding the information required to make an informed decision and continuously reassessing risk as new information becomes available. This allows us to protect performance while continuing to fund the American small businesses that traditional financial institutions too often overlook.”

Intelligence That Extends Across the Credit Lifecycle

TraceDataIQ serves as the proprietary intelligence layer within ByzOS, Byzfunder’s integrated origination and portfolio-management platform.

The system combines banking activity, financial statements, payment behavior, public records and business-background intelligence into a single underwriting assessment. Its findings support credit approval, exposure sizing, deal structure, pricing, fraud detection and expected-recovery analysis.

TraceDataIQ can also reassess a business when new information becomes available, identifying changes in revenue, financial obligations, lender positions, banking relationships, payment performance and legal exposure.

The launch represents a significant step toward Byzfunder’s vision of a fully connected, AI-native financing platform capable of moving from raw business data to underwriting, pricing, approval and funding with substantially less manual intervention.

About Byzfunder

Founded in 2019, Byzfunder is an AI-driven small-business financing platform providing fast, flexible and frictionless access to working capital for small and medium-sized businesses across the United States.

Byzfunder serves businesses that can be overlooked by traditional financial institutions — companies with real revenue, real operations and real growth needs. Through its proprietary technology, extensive data infrastructure and deep underwriting expertise, Byzfunder combines AI-driven intelligence with practical financing experience to deliver faster, more informed funding decisions.

Business owners can apply online in minutes, with funding available as quickly as the same business day for qualifying applicants. Since inception, Byzfunder has provided more than $2 billion in financing to over 35,000 businesses nationwide.

For more information, visit byzfunder.com.

Media Contact
Xin Hamilton, CMO
[email protected]
byzfunder.com

SOURCE Byzfunder