Miter is modernizing the $2 trillion construction industry’s dreaded tech “Frankenstack,” helping fuel the boom in data center, housing and energy buildouts nationwide

SAN FRANCISCO, Sept. 30, 2026 — Miter, the leading AI-powered workforce management platform for the construction industry and the built world, announced it has raised a $40 million Series B round of financing led by Battery Ventures, bringing its total capital raised to $78 million. Existing investors Bessemer Venture Partners and Coatue also participated.

Miter intends to use the funds to continue investing in AI products that help customers run their back offices and jobsites. The company will also significantly grow its engineering team based in San Francisco and New York and add to its go-to-market teams across the U.S. Miter’s products are already in use by major general and specialty contractors, SMBs and other enterprises.

Current customers include Clayco, an Engineering News-Record (ENR) Top 5 design-build firm that delivers complex, high-performance projects with an unwavering commitment to safety, and Haugland Group, a family-owned, union-strong infrastructure services organization with more than 1,600 employees, delivering integrated solutions across energy, heavy civil, marine and logistics, and technology and engineering.

Today, the construction industry is a notable bright spot in the U.S. economy. The sector added 22,000 jobs in August as overall U.S. employment declined, according to the Bureau of Labor Statistics. AI data center projects drove much of that job growth, and both are projected to keep climbing. Roughly two of every 100 American construction workers now get paid through Miter, while contractors use the platform to coordinate workforce management, field operations, job costing and expenses across hundreds of thousands of active jobs each month. The company is rapidly building out related products for the field and back office in areas such as safety, accounts payable and project intelligence to keep up with new demand.

“The U.S. has never needed this much new infrastructure this fast. We need to unleash the potential of electricians, welders, carpenters and ironworkers everywhere,” said Connor Watumull, who co-founded Miter with Tobin Paxton and serves as CEO. “Miter is helping contractors modernize their operations and unify their workforce, jobsites and financials in one system.”

Miter has also embedded deep AI capabilities across the platform, giving superpowers to the teams building the world we live in. In the back office, Miter’s technology parses and structures the data buried in invoices, receipts and pay rate tables; runs the complex workflows contractors previously did by hand; and surfaces labor and job cost trends while the job is still running rather than weeks after it closes. In the field, Miter’s AI creates safety reports from photos or voice notes and summarizes job status using inputs from across the platform. The company plans to extend AI capabilities further to help contractors build stronger teams and increase profits.

Watumull says most contractors now rely on a cobbled-together “Frankenstack” of 1980s-era software, spreadsheets and paper to run their businesses. That’s partly because of the unique demands of construction industry accounting and payroll. Most contractors require specialized technology to “job cost,” the practice of tracking costs to specific projects and cost codes. A single construction crew can trigger compliance requirements across payroll, HR and safety at once, such as prevailing wage laws and certified payroll reports on publicly funded projects. Those obligations extend further to taxes withheld across multiple states as crews move between jobsites, meal and rest break rules that vary by state, and OSHA recordkeeping requirements.

“The construction industry is tremendously complex, which has made it difficult for technology providers to develop robust tools attuned to customers’ specific demands, despite the large potential market,” said Michael Brown, a Battery Ventures general partner. “But Connor, Tobin and their team have succeeded in developing an easy-to-use, integrated product that delivers payroll as well as other mission-critical business functions. The traction they’ve achieved is impressive, and we’re excited to watch them leverage technology to take on more of the work their customers do by hand today.”

Watumull previously worked as a venture capital investor and, prior to that, as a product manager in the technology industry and as a management consultant. He and Paxton announced Miter’s Series A fundraising round in May 2025; since then, the company has tripled its customer count.

About Miter

Driven by a vision of a better built world, Miter’s AI-native operating system makes it easier and faster to build critical infrastructure by empowering the next generation of contractors to strengthen their workforce, control job costs and accelerate jobsite execution. More than 2,000 contractors, from ENR Top 20 builders to family-owned specialty contractors, run payroll, HR, field operations and expense management on Miter. Miter has tripled customer count in the 18 months and is backed by Battery Ventures, Bessemer Venture Partners and Coatue, the investors behind Shopify, Toast, Procore and ServiceTitan. Learn more at miter.com.

SOURCE Miter

The additional $25 million from longtime partner SG Credit Partners and Wingspire Capital will fund new products for kids, parents, and busy households, and bring Skylight to more people in more places

LOS ANGELES, Sept. 30, 2026 — Skylight, the brand millions of families rely on to get everyone on the same page and lighten the mental load, today announced it has expanded its credit facility to $75 million. The $25 million increase comes from SG Credit Partners alongside Wingspire Capital and will help Skylight widen its product lineup and move into more channels and markets.

The news follows Skylight’s biggest year yet: the business doubled and now reaches more than 12 million customers, including 1.7 million households using Skylight Calendar. The company has remained bootstrapped, growing alongside the families who use it and putting its profits back into the products they rely on today and the ones they’ll reach for next.

“Families have always been at the center of what we build, and as we grow, we can take even more off their plates,” said Chia Chung, Chief Operating Officer and Chief Financial Officer at Skylight. “This commitment lets us double down on what’s working and create dedicated products for every stage of family life.”

Skylight began with the Frame, which helps loved ones share memories, and the Calendar, which helps families stay in sync. The expanded facility will fuel the next wave of products, including:

• Skylight Buddy: Continued development of the routine coach that sold out within a week of launch and helps kids take charge of their day.

• Skylight Assistant: Deeper investment in the AI-powered family assistant you can text, which makes it easy for you, your spouse and your entire household to get things done and stay on track.

“We’ve watched families fall in love with Skylight for years, and we’re excited to keep backing a team that builds with so much care,” said Dan McCallum, Managing Director at SG Credit Partners.

“It’s rare to find a company growing this fast and this profitably, and we’re glad to be along for what comes next,” said Will Bence, Senior Managing Director at Wingspire Capital.

About Skylight
Founded in 2014, Skylight connects loved ones by creating the world’s simplest products and services that improve family life. Its current offerings are the Skylight Calendar, a touch-screen calendar that syncs the whole family’s events, activities, chores, meal plans and more, all in one place; Skylight Buddy, a personal routine coach for kids that guides them through daily tasks; and the Skylight Frame, a touch-screen digital frame that allows users to send and display photos within seconds. For more information, visit www.myskylight.com.

About SG Consumer Products
SG Consumer Products, a division of SG Credit Partners (“SGCP”), is a national private credit manager providing capital to lower middle market businesses and entrepreneurs requiring tailored credit solutions. SGCP has established a broad credit platform consisting of three verticals: Software + Technology, Consumer Products, and Commercial Finance. Headquartered in Southern California with offices throughout the country, the firm has provided in excess of $1.3 billion to lower middle market entrepreneurs across a variety of industries. For more information, please visit www.sgcreditpartners.com.

About Wingspire Capital
Wingspire Capital offers one-stop solutions of up to $200 million for middle market companies, including revolving lines of credit, asset-backed term loans, first-out revolvers & term loans, equipment loans and leases, sale lease-backs, and lender finance. Industries financed include business services, consumer products, e-commerce & retail, food & beverage, healthcare, manufacturing, distribution, transportation & logistics, automotive, technology applications and financial services. Wingspire Capital operates in two business units: Wingspire Corporate Finance and Wingspire Equipment Finance. Loans made or arranged pursuant to a California Financing Law license.

Wingspire Capital is a portfolio company of Blue Owl Capital Corporation (NYSE: OBDC). OBDC is externally managed by Blue Owl Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, Inc. (NYSE: OWL). Blue Owl Capital, Inc. is a global alternative asset manager with $319 billion of assets under management as of June 30, 2026. For further information about Wingspire Capital, visit www.wingspirecapital.com.

Contact
Skylight PR
[email protected]

SOURCE Skylight

KYIV, Ukraine, Sept. 30, 2026 — M-Fly – a Ukrainian defense tech manufacturer of combat-tested laser guidance systems and high-precision gyro-stabilized gimbals for UAV platforms – has secured new funding to accelerate growth and meet battlefield needs. The company was backed by existing investors: MITS Capital, which led the round, and Freedom Fund. Norwegian defense-focused VC Gardar and an undisclosed new investor also joined the round.

The exact funding amount and the company’s valuation will not be disclosed.

“M-Fly has made incredible progress since graduating from MITS Accelerator, and we are excited to see increased demand from NATO nations for its cutting-edge systems,” said Perry Boyle, co-founder and CEO of MITS Capital. “M-Fly is exactly the kind of company MITS Capital targets: a Ukrainian maker of components for the drone supply chain that can continuously improve its offering as battlefield conditions change,” he added.

M-Fly was founded in late 2023, growing out of the founders’ earlier military-focused volunteer project. By mid 2026, the company had secured $1.4 million through a friends-and-family round, grants from the state-owned defense tech cluster Brave1, and VC funding from MITS Capital, Freedom Fund, Resist.ua, and Ukrainian entrepreneur Borys Shestopalov, co-founder of HD-group.

As of fall 2026, M-Fly’s product portfolio includes laser guidance systems and high-precision gyro-stabilized gimbals for air, maritime, and ground unmanned platforms. The company has tested its core technologies on the battlefield in Ukraine, confirming the stabilization platform’s performance at speeds of up to 350 km/h.

M-Fly offers a line of cost-efficient laser-guided systems, including RB-150CW and Seeker, to improve unmanned platforms’ efficiency.

Another product is the RB-220, a heavy-duty gimbal suitable for large UAVs, manned aviation, helicopters, and naval drones. It can also be used as a ground-based station for air defense applications.

The company also developed the RB-150GD, a dual-sensor gimbal with thermal and daylight video channels designed specifically for medium-class drones. Based on this platform, the company is developing the RB-150 Marine, a weather-resistant gimbal for boats and vessels.

M-Fly plans to release the RB-100, the lightest product in its lineup and designed for small drones, in the first quarter of 2027.

“Over the past 12 months, we have doubled our team and increased revenue severalfold,” said Vladyslav Myhovych, founder and CEO of M-Fly. Demand from Ukrainian customers and NATO allies has increased significantly since the beginning of 2026. The main drivers are the growing use of interceptor drones in Ukraine and the resulting need for lower-cost reconnaissance UAVs equipped with high-quality imaging systems.

“What matters even more than performance is that the company has cracked the unit economics, allowing it to price its products significantly below those of its closest competitors,” said Denys Gurak, co-founder and COO/CIO of MITS Capital. “That’s why we decided to support the next stage of its growth with additional funding.”

A gimbal can account for around one-third of the cost of a reconnaissance UAV, while some imported gimbals can cost several times more than the aircraft they are installed on, Myhovych said. “Reliable aerial imaging is critical for the military. Our goal is to keep bringing the overall cost of reconnaissance platforms down by making capable stabilized imaging systems more affordable,” he said.

A central part of M-Fly’s strategy is deep vertical integration, giving the company control over its products, supply chain, and trade-offs among size, weight, power consumption, and price. All core product elements – from motors and camera lenses to cameras and software – are custom-developed in-house. This approach has allowed the company to price its systems almost on par with Chinese offerings while keeping the share of Chinese components below 6%.

In 2026, M-Fly also migrated its processing architecture from random-access memory (RAM) to a graphics processing unit (GPU)-based platform. The shift makes its systems less dependent on specific computing components and lets engineers adapt more quickly when particular chips or memory components become unavailable.

“Amid the global crisis called RAMageddon, we became almost hardware-agnostic, which protects our supply chain and unlocks scaling,” said Myhovych. He expects the drone camera market to exceed more than $100 billion over the next 5-7 years. “New funding will allow us to scale our production facilities and pace of product adaptation to hold a visible share of this market,” said Myhovych.

You can find visuals and additional materials here: M-FLY_Press_Kit MITS_Capital_Press_Kit

Media Contact:
Valentyna Dudko
0966494566
[email protected]

SOURCE MITS Capital

Winning the 2026 People’s Choice Safety Innovation Award, opening a new Australian Operations Center of Excellence, and launching a $2.6 million Regulation CF campaign mark progress for GACW’s Air Suspension Wheel

PHOENIX, Sept. 30, 2026 — In its ongoing efforts to address longstanding tire-related risk, Global Air Cylinder Wheels® (GACW) (https://globalaircylinderwheels.com/), the innovator behind the patented Air Suspension Wheel® (ASW), continues to receive significant new recognition from the mining industry, recently winning the 2026 People’s Choice Safety Innovation Award at the Queensland Mining Industry Health and Safety Conference in Australia.

The award represents the latest milestone for GACW as the company advances from years of engineering development and real-world testing toward commercial deployment. Since its last major operational update earlier this year, GACW has also opened its first operational Center of Excellence in Australia and launched a new Regulation Crowdfunding (Reg CF) campaign through StartEngine with the goal of raising up to $2.6 million (https://www.startengine.com/offering/gacw).

“This award gives us something extremely important at this stage of our development — validation and recognition from the people who understand mining safety and the risks involved in these operations,” said Harmen van Kamp, CEO and Co-Founder of Global Air Cylinder Wheels. “They are responsible for health and safety on mine sites, those who make and influence operating decisions, and who realize the problems we are trying to solve. To have the Air Suspension Wheel recognized by this audience is tremendously meaningful for our company and everyone who has worked to bring this technology to the industry.”

The Queensland Mining Industry Health and Safety Conference is one of Australia’s leading mining safety gatherings. The 2026 conference brought together more than 1,200 Senior Site Executive (SSE) certification holders, including mining operators, regulators, union leaders, site leadership, safety and health management, engineers, maintenance professionals, and equipment suppliers. GACW was one of five companies selected to present for the conference’s Safety Innovation Award.

“Mining is an industry where safety is never an abstract issue,” Van Kamp said. “The people at this conference live with these challenges every day. They understand what happens when equipment fails and why eliminating a hazard can be more powerful than simply finding another way to manage or mitigate it. It is another important step toward putting this technology into commercial operation.”

The Australian recognition follows another major validation milestone announced by GACW in March, when the company reported successful extreme-condition testing of the ASW in the Iron Ore belt mining operations in the USA.

The company recently opened its first operational Center of Excellence in Australia. The Australian expansion places GACW closer to mining companies evaluating its technology and provides additional infrastructure as the company works through the extensive technical, operational, and procurement processes required before new equipment can be deployed across major mine sites.

The company has reported a global intellectual property portfolio encompassing more than 75 issued patents and more than 120 pending patent applications internationally, covering suspension, damping, tread, and mechanical wheel technologies.

GACW has raised more than $10.5 million through previous Regulation CF rounds and private investments as it has funded engineering, field testing, intellectual property development, and commercialization activities.

“Our goal remains to give the mining industry a safer, longer-lasting alternative to the conventional tire and help change how heavy equipment moves in some of the toughest operating environments in the world,” Van Kamp added.

ABOUT GLOBAL AIR CYLINDER WHEELS

Global Air Cylinder Wheels® is an engineering company based in Phoenix, Arizona.

Media Contact:
George Pappas
Conservaco, The Ignite Agency
562 857-5680
[email protected] 
https://conservaco.com/

SOURCE Global Air Cylinder Wheels

CLEVELAND, Sept. 30, 2026 — TRG, a portfolio company of Gemspring Capital and a global managed services provider focused on the full lifecycle of enterprise endpoints, announced today that it has acquired Fentron, a Westerville, Ohio-based cybersecurity and advisory firm. The Fentron team will join Inversion6, TRG’s dedicated cybersecurity division, adding complementary capabilities and senior engineering talent that further strengthen TRG’s integrated cybersecurity offering across the enterprise endpoint lifecycle. Terms of the transaction were not disclosed.

Fentron has built a strong reputation for helping organizations strengthen their security posture. Its capabilities span CISO advisory, ransomware readiness, vulnerability management, incident response preparedness, tabletop exercises, and SIEM integration, serving clients across the financial, manufacturing, government, and healthcare sectors.

“We have been impressed by Fentron’s deep technical expertise, experienced team, and strong client relationships,” said Sean Kennedy, Founder and CEO of TRG. “The team is a natural fit with Inversion6 and strengthens our ability to deliver comprehensive cybersecurity solutions as part of TRG’s broader endpoint lifecycle offering.”

“TRG and Inversion6 are an ideal home for Fentron and a strong fit for our clients, employees, and culture,” said Josh Fenton, Chief Executive Officer of Fentron. “Our team will continue delivering the expertise and hands-on service our clients expect, now with access to TRG’s broader capabilities, scale, and resources. We are excited about the opportunities ahead for both our clients and our team.”

About Fentron

Fentron is a cybersecurity and advisory firm headquartered in Westerville, Ohio, specializing in enterprise security architecture, incident handling, and CISO advisory services for organizations of all sizes. The company delivers security strategy, ransomware readiness, vulnerability management, incident response preparedness, tabletop exercises, and SIEM integration across the financial, manufacturing, government, and healthcare sectors. For more information, visit www.fentron.com.

About TRG

TRG is a global managed services provider that manages and secures the full lifecycle of enterprise endpoints. The company delivers a comprehensive suite of services spanning the entire device lifecycle, including procurement, configuration, deployment, depot repair, asset management, and integrated cybersecurity solutions. Headquartered in Cleveland, Ohio, TRG maintains facilities in North America, Europe, and Latin America. For more information, visit www.trgsolutions.com.

About Gemspring Capital

Gemspring Capital, a Westport, Connecticut-based private equity firm with $5.1 billion of capital under management, provides flexible capital solutions to middle market companies. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth, value creation, and sustainable competitive advantages. Target companies have up to $2.0 billion in revenue and are in the aerospace & defense, business services, consumer services, financial and insurance services, healthcare, industrial, software, and tech-enabled services sectors. For more information, visit www.gemspring.com.

Media Contact

Zubin Malkani
Gemspring Capital
[email protected]

Amy Martin
Chief Marketing Officer, TRG
[email protected]

SOURCE Gemspring Capital

NEW YORK, Sept. 30, 2026 — Aurachain, the system of action for compliance, risk and fraud, today announced a strategic growth investment from Evolution Equity Partners, a leading technology investment firm specializing in cybersecurity, AI and enterprise software.

The investment will accelerate Aurachain’s expansion in the United States, spanning its core enterprise platform, partner ecosystem and Fraud.Watch, its collaborative fraud intelligence network for financial institutions.

Aurachain provides the execution layer where regulated institutions turn obligations, risk signals, intelligence and AI into governed, auditable action across client lifecycle compliance, financial crime, fraud investigations, third-party risk and operational resilience.

Over the last few years, Aurachain has built this foundation alongside regulated enterprises, developing the governance, auditability and operational depth required to run high-value processes at scale. Today, that foundation supports deployments across enterprise and Fortune 500 environments in North America and Europe and provides the base for the company’s next phase of growth.

Fraud.Watch shows what that foundation can also enable. The network allows banks and credit unions to share fraud intelligence across institutions, identify emerging patterns earlier and turn that intelligence into governed action. Strategic distribution partnerships are putting Fraud.Watch in front of hundreds of financial institutions across the U.S. community banking and credit union market, creating a network whose intelligence becomes more valuable as participation grows.

The initiative extends Aurachain’s capabilities beyond complex operations within individual institutions to coordinated action across financial ecosystems.

“This investment marks an important next chapter for Aurachain,” said Adela Wiener, Founder and CEO of Aurachain. “It allows us to scale much more aggressively in the U.S., across compliance, risk and fraud, while continuing to invest in our platform and AI capabilities. We see a significant opportunity as regulated institutions move from experimenting with AI to putting intelligence into governed operational action. Fraud.Watch demonstrates what becomes possible when that capability extends beyond a single institution and across an entire financial ecosystem.“

“Aurachain has built a compelling platform at the intersection of AI, regulated operations and financial crime,” said Dennis Smith, Managing Partner at Evolution Equity Partners. “Its combination of enterprise-grade execution and initiatives like Fraud.Watch creates a strong foundation for growth. We look forward to supporting Adela and the team as they expand in the U.S. and internationally.”

The investment will support the expansion of Aurachain’s U.S. go-to-market organization and partner network, the growth of Fraud.Watch, and continued product and AI development across compliance, risk and fraud.

About Aurachain

Aurachain is the execution layer where regulated institutions turn obligations, risk signals, and fraud alerts into governed, audited action. Financial institutions and other regulated enterprises use the platform to run their core regulated processes, with AI inside the work and a full audit trail around it. Headquartered in Zürich, Switzerland, with the United States as its primary commercial and operating hub, Aurachain serves clients across North America, Europe, the Middle East, and Africa. Learn more at aurachain.com.

SOURCE Aurachain

The company will scale toward producing the first pharmaceuticals made in space for patients on Earth.

EL SEGUNDO, Calif., Sept. 30, 2026 — Varda Space Industries announced a Series D fundraising round today, bringing the total amount of capital raised by the microgravity-enabled life sciences company to $598 million. The $251 million fundraise was led by Lux Capital and Natural Capital, with participation from Founders Fund, Khosla Ventures, Caffeinated Capital, General Catalyst, 8090 Industries, Giant Step, and Also Capital.

The first product made in space for use on Earth will be a pharmaceutical. Due to the absence of gravity, materials such as the active pharmaceutical ingredients in medicines can be crystallized in ways that would be impossible on Earth, enabling novel drug formulations that can benefit patients.

The company is transforming in-space pharmaceutical processing to be a normal, reliable part of the drug development pipeline.

“In-space manufacturing means building what space needs, in space, and making what Earth can’t. Varda is making life-saving drugs impossible to make under gravity. It’s the first and only company delivering a real cadence of launches and re-entries, with capsules built to manufacture the impossible and return it home,” said Shahin Farshchi, Partner at Lux Capital.

Building Toward the First Medicine Made in Space

Decades of ISS research have demonstrated microgravity’s potential to produce drug formulations that are impossible to achieve on Earth, and Varda is now the only company with the launch cadence, reentry capability, and pharmaceutical science team to bring that potential to market.

“We started Varda with the conviction that the first product manufactured in space and consumed on Earth would be a pharmaceutical,” said Varda co-founder and President Delian Asparouhov. “This round gives us the resources to increase our cadence, deepen our pharmaceutical partnerships, get closer to delivering the first medicine made in space.”

Since its first mission launched in 2023, Varda has rapidly increased its flight cadence, completing six successful reentry missions with over a dozen more launches and reentries planned through 2028. Varda’s W-Series vehicles, which reach Mach 25 on their reentry from orbit, offer government and commercial partners a reliable, repeatable, and economical way to return materials and data from space to Earth.

As launch cadence across the industry continues to increase, the ability to bring things back will become as foundational as the ability to send them up.

About Varda

Varda Space Industries is building the infrastructure for a thriving orbital economy, from in-orbit pharmaceutical processing to reliable and economical hypersonic reentry capsules. The company operates out of El Segundo, California with office and industrial production space and has office space in Washington, D.C. and Huntsville, Alabama. Follow Varda on X (@vardaspace), Instagram (@vardaspaceindustries), and LinkedIn.

Alex Pearlman, Head of Communications and Marketing: [email protected]

SOURCE Varda Space Industries Inc.

The private capital network for family offices has been in the hands of its 100 Founding Members since March and has already closed two of Mondevo Group’s own acquisitions.

ABU DHABI, UAE and GENEVA, Sept. 30, 2026 — In November 2025, Mondevo Group announced its vision: to create a private capital network for global family offices, with AI at its core. Four months later the platform was live, ahead of plan. It is now open beyond its founding group.

Ittikar is where family offices analyse deals, invest and raise capital. Behind it sits a family office with a 25-year investment track record and relationships across 500 family offices. Mondevo Group used the platform to acquire Caruso, the Italian menswear house, in February, and Underscore District, the Milan-based brand accelerator behind Magliano, GR10K and the multi-brand retailer WOK Store, in August. Ittikar’s due diligence engine carried both deals from analysis through to completion.

“We did not launch Ittikar with a demonstration. We launched it on our own deals, with our own capital. The Group bought Caruso and Underscore District with the same engine our members use: the whole data room read and graded in days, every finding sourced, the investment committee memorandum drafted before the advisers would normally have finished their first pass.”
Fabio Brambilla, Co-founder, Ittikar and Mondevo Group

Mondevo Tech, the Group’s technology division, builds Ittikar in-house: more than 50 engineers directing 120 AI coding agents. It is developed in alignment with GDPR, NIS 2 and the EU AI Act. Each member family holds its data in its own sovereign Data Pod, in a jurisdiction of its choice, under its own encryption.

“A family’s data is the family’s. That principle determined the architecture, and it is why we built to the strictest European standards rather than the most convenient ones.”
Cristiano Motto, Co-founder and Chief Technology Officer, Ittikar and Mondevo Group

The intelligence behind the platform is vertical. Every member has their own assistant, Itti, and the specialist agents behind it work in one domain: private markets. They are calibrated to each family’s investment profile, its Capital DNA™, and built on how a deal team reads a data room, how an investment committee weighs risk, and how a raise is structured and matched.

“Generic AI can summarise a document. It cannot take a family office through a transaction. Ittikar’s AI was built by people with experience executing real transactions and applying institutional investment standards. The AI does the analysis. Ittikar’s investment team reviews every deal before it is published on the platform. The family decides.”
Chris Shann, Head of Investment and AI Enablement, Ittikar

The Founding Members are deliberately diverse: founding families, single family offices, multi-family offices, entrepreneurs and family conglomerates, across Asia, the Middle East, Europe and Latin America, and across industries from consumer and luxury to real estate, finance, industry and Technology. With the first release complete, Ittikar now opens at tiered levels of membership. Details are at ittikar.com.

“Ittikar is a business enabled by AI. It analyses data at a depth no single family office could resource, and shortens the deal cycle from months to days. It is a buy-side platform, built for family offices, not a place where deals are sold to investors. Members see only what matches their Capital DNA™, rather than the unfiltered deal flow the market is used to.”
Hussam Otaibi, Founder, Ittikar and Mondevo Group

Development of the second release began in September. Like the first, it will run for nine months, with capabilities delivered progressively up to June 2027: portfolio analysis, monitoring and reporting in early 2027, negotiation tools in the second quarter, and by mid 2027 the ability for members to tokenise assets and settle co-investments on distributed ledgers, delivered through licensed partners. A first tokenisation proof of concept is planned before the end of this year.

Notes to editors

About Ittikar. Ittikar is the private capital network for global family offices, built by a family office and enabled by AI. It is where family offices analyse deals, invest and raise capital: institutional-grade due diligence, curated co-investment and direct capital raising on one buy-side platform, where every member sees only what matches its Capital DNA™. Live since March 2026. Part of the Mondevo Group.
www.ittikar.com

About Mondevo Group. Mondevo Group is a global private holding company operating at the intersection of investment, technology and luxury. It harnesses AI-native capabilities and a worldwide network of ultra-high-net-worth families to build enduring businesses in sectors with high barriers to entry and strong long-term growth. www.mondevogroup.com

Media contact
Roberta Callegari, Head of Media and Communications, Mondevo Group and Ittikar
[email protected]

This press release is for general information purposes only and does not constitute, and should not be construed as, an offer, invitation or inducement to engage in investment activity, or a solicitation to buy, sell or subscribe for any security or other financial instrument. It is not investment, legal, tax or other professional advice and should not be relied upon in connection with any investment decision. Membership numbers, network figures and references to transactions completed with the support of the platform are stated as at the date of this release, may be approximate, and are provided as illustration only; past performance is not a reliable indicator of future results. References to licences, authorisations or certifications described as in process, expected or being finalised indicate an intention only, with no assurance that they will be obtained or obtained on the timetable indicated. Statements about future platform capabilities are forward looking and subject to change; actual outcomes may differ materially. Regulated services, where offered, are provided only by an appropriately licensed entity, in the jurisdictions where it is permitted to do so, under separate agreement. This release is not directed at, and must not be acted upon by, any person in a jurisdiction where doing so would be contrary to applicable law or regulation.

Co-led by Long Journey Ventures and Abstract Ventures, the round follows a January launch and rapid growth that now has OuterSignal powering thousands of consumer businesses and hundreds of millions of orders.

NEW YORK, Sept. 30, 2026 — OuterSignal, the agentic customer intelligence platform that tells brands who their customers actually are and activates them 1:1, today announced a $22M Series A co-led by Long Journey Ventures and Abstract Ventures, with participation from BAM Ventures, Top Shelf Ventures, SuperAngel.Fund, and Jerry Yang’s AME Cloud Ventures. As angels, participation included Dave Heath, Rohan Shah, Alex Haro, Emery Wells, Kim Perell, Michael Preysman, Michael Perry, Ken Nguyen, Raad Mobrem, Zach Sims, Sahil Bloom, Steve Carroll, Michael Loeb, Rich Vogel, Troy Ossinoff, Sahil Bhaiwala, James Beshara and Nik Sharma, along with dozens of executives from OuterSignal’s customer base.

Every day, hundreds of millions of consumers are treated like strangers. The gym buff, the new mom and the retiree get the same email, see the same products and load the same homepage because brands know almost nothing about who they are. OuterSignal transforms that, using public context to build a full picture of the person behind the purchase. From there, OuterSignal’s agents put that to work.

That changes the work of nearly every team:

• Influencer and partnerships teams learn when a notable customer buys and can reach out while it matters.
• Lifecycle marketers build audiences around real personas, so college students and busy executives each get bespoke flows and campaigns written for them.
• Acquisition teams send precise segments to media platforms and run ads that speak to the people who actually buy.
• Product and merchandising teams see who is behind every SKU and category they manage.

OuterSignal customers report measurable lift across retention, acquisition, conversion and influencer marketing. Brands on the platform include AG1, HexClad, Jones Road Beauty, True Classic, Jomashop, Lucy, Gratsi, Magic Mind, and thousands more.

“We built OuterSignal to solve the very problem I had running consumer businesses over the last 15 years,” said Zach Zelner, co-founder and CEO of OuterSignal. “Generative AI finally makes truly 1:1 experiences possible, but only if you understand each person on the other end. This round allows us to continue building best-in-class intelligence that drives person-level personalization across billions of touchpoints.”

“OuterSignal’s platform unlocks a new paradigm for agentic personalization. Their growth has been remarkable and we’re proud to back them as they power delightful marketing and experiences for all consumer businesses,” said Ramtin Naimi, Founder & General Partner, Abstract Ventures.

“OuterSignal is building something no consumer brand will want to run without. Technology like this is rare, and so is a company that moves this fast. We’re thrilled to partner with them,” said Lee Jacobs, Co-Founder & Managing Partner, Long Journey Ventures.

“As a retention team, everything starts with really knowing our customers, and OuterSignal has given us a clearer picture of who they are than we’ve ever had. It’s also uncovered something we didn’t expect: a huge number of creators and influencers who already cook with HexClad and love it. OuterSignal has become integral to how we build influencer partnerships, because the best voices for our brand are the ones already in our kitchens,” said Noah Pine, Director of Retention at HexClad.

“We launch innovation designed to reach new customer targets, and OuterSignal shows us just how distinct those audiences are — data we use to sharpen our messaging and targeting. It’s also uncovered creators already engaged with our community, from micro-influencers to major names, that we’d never have found otherwise. We’re now building partnerships with people who already know and use the product. That’s the difference,” said Leala Francis, SVP of Customer Strategy, Product, and Member Experience Innovation at AG1.

“We thought we knew who our customer was, but OuterSignal showed us a much fuller picture of the real people buying from us. That changes how we think about everything, from the creators we partner with to how we talk to our community,” said Cody Plofker, CEO of Jones Road Beauty.

OuterSignal will use the funding to deepen its research engine, build personalization that generates a version of every message for every customer, and grow the team across engineering, go-to-market, operations and customer experience. Brands can try OuterSignal free at outersignal.com.

About OuterSignal

OuterSignal is the agentic customer intelligence platform that tells brands who their customers actually are and activates them 1:1. It connects to a brand’s commerce platform or CRM, builds a full picture of every customer, and powers the segments, VIP alerts, personalized campaigns and ad audiences that follow. OuterSignal launched in January 2026, works with thousands of consumer businesses, and is headquartered in New York. Learn more at outersignal.com.

Media contact: Donna Felix, [email protected]

SOURCE OuterSignal