Herkelrath joins as Algorand deepens its focus on institutional adoption and post-quantum resilience

DOVER, Del., Sept. 9, 2026 — Algorand Foundation U.S. Inc (“Algorand”) today announced the appointment of William Herkelrath as Chief Executive Officer. Herkelrath succeeds Staci Warden, who is stepping down after nearly five years leading Algorand.

Herkelrath brings two decades of experience across AI, enterprise software, institutional finance, and blockchain infrastructure, most recently as co-founder of K3 Labs, an AI-first automation platform for building and running AI agent-managed workflows, and previously in leadership roles at Chainlink and Curv.

“I joined Algorand because they are a leader in decentralized post-quantum cryptography. With both AI and quantum threats on the horizon, Algorand has a unique opportunity to become a trusted partner in bringing verifiable and trusted security to a wide variety of institutions as they roll out the next generation of digital assets and cybersecurity infrastructure,” said Herkelrath.

“Leading the Algorand Foundation has been one of the great privileges of my career. Together with its ecosystem entrepreneurs, the Algorand Foundation has proven the case for what a public blockchain can do for real-world finance, and I could not be prouder of what we have accomplished. William brings the vision and experience to lead Algorand through its next chapter, and I am excited for him and the team to carry that work forward,” said Warden.

This news comes at a pivotal moment for Algorand. Google’s Quantum AI paper cited the network more than 30 times as a key innovator in the space. Post-quantum accounts are already live today, built on a strong track record of pioneering the use of Verifiable Random Function (VRF) and backed by a large ephemeral validator set.

Alongside the leadership transition, Algorand also announced changes to its Board of Directors. Herkelrath and Alex Fowler, Chief Strategy Officer at Nexus Laboratories, are joining the board, and Rebecca Rettig and Michael Mosier are departing.

Herkelrath officially became Algorand’s Chief Executive Officer on August 31.  He will work alongside the existing leadership team as Algorand continues its focus on institutional adoption and post-quantum resilience.

About Algorand

Algorand is a public, decentralized network for financial empowerment. Algorand offers tools to move money across borders, issue and manage assets, verify identity, and develop services that rely on dependable performance, instant settlement, and post-quantum resilience. Organizations use Algorand to create practical tools for payments, asset tokenization, programmable finance, identity, public records, and other financial services. Algorand’s all-in-one blockchain infrastructure powers financial applications that are easy to build, simple to use, and unlock economic opportunity for users.

Today, the Algorand ecosystem spans startups, developers, governments, and global partners building real-world financial and digital asset solutions. With Algorand, you decide where your money lives, how it moves, and who can access it. To learn more, visit algorand.co.

Disclaimer: This press release is provided for informational purposes only. The information is provided by the Algorand Foundation and, while we strive to keep it accurate and current, we make no representations or warranties of any kind, express or implied, as to its completeness, accuracy, reliability, or suitability for any purpose. Nothing in this release constitutes legal, financial, tax, or investment advice, nor an endorsement, guarantee, or investment recommendation. References to third parties, including any organizations, agencies, products, or platforms, are for informational purposes only and do not imply any endorsement, affiliation, or partnership beyond what is expressly stated. All third-party names and trademarks are the property of their respective owners. Operational figures reflect information available as of the date of this release and may be subject to revision. Any statements regarding future plans, integrations, deployments, or timelines are forward-looking and subject to change. The Algorand Foundation undertakes no obligation to update these statements except as required.

SOURCE Algorand Foundation

HOUSTON, Sept. 9, 2026 — Sallyport, a Houston-based investment firm, today announced the launch of Truss Infrastructure Services (“Truss”), a new platform focused on acquiring and strengthening essential service businesses by connecting domain expertise, purpose-built technology and commercial reach.

Infrastructure operators are facing rising compliance and risk-management demands. At the same time, they are under growing pressure to use technology to operate more efficiently. Truss is assembling specialized service businesses that solve critical operational and asset management challenges, with a focus on embedding purpose-built technology directly into how those services are delivered.

“Truss represents an exciting opportunity to create a great business in a market Sallyport knows well and has successfully invested in before,” said Kyle Bethancourt, Managing Partner of Sallyport. “Aging infrastructure, increasing compliance requirements and the need to safely modernize critical assets are creating greater demand for specialized service providers with deep industry expertise.”

Louis Krannich will serve as Chief Executive Officer of Truss, bringing experience both as an operator of major energy infrastructure and as a leader of service businesses supporting those operators. He began his career with El Paso Corporation and PG&E before becoming Chief Executive Officer of Sallyport-backed Remote Operations Center (“ROC”), which he scaled into the largest third-party control center in the U.S. Following EverLine’s acquisition of ROC in 2019, Krannich helped scale the combined business through acquisitions, new market entry and technology deployment. Most recently, he served as Chief Operating Officer of Summit Midstream.

“Having spent my career on both sides of this industry, I believe there is a compelling opportunity to build a different kind of infrastructure services company,” said Krannich. “We’re focused on essential services where judgment and execution remain critical, and where technology can meaningfully improve how the work gets done and how customers are served.”

“We’ve had the opportunity to partner with Louis before, and we’re excited to do it again,” said Ryan Howard, Managing Partner of Sallyport. “He brings a unique perspective to the market and shares our long-term approach to creating value. Partnering with him again was an easy decision.”

Submar, a leading provider of erosion remediation and maintenance services, became the first company to join Truss earlier this summer. The Louisiana-based business protects critical pipeline infrastructure with engineered erosion control systems delivered through a turnkey approach spanning site assessment, engineering, design, permitting and installation.

“Since partnering with Sallyport and Truss, we’ve been impressed by their approach to working with our team,” said Joseph Fournet, President of Submar. “They took the time to understand our business, our people and our customers, and have been thoughtful about where they can help us grow. That gives us a lot of confidence about what we can accomplish together.”

The name Truss reflects the power of connection. A truss brings individual components together to create a stronger whole. Truss seeks to connect specialized businesses in ways that benefit each company and the broader portfolio. Each business builds on its distinct strengths while gaining access to broader capabilities, knowledge and resources.

“We’re building Truss for the long term,” said Krannich. “The goal is not to make every company look the same. It’s to give each business capabilities and insight that can be difficult to develop on its own, while building on the strengths that earned the trust of its customers.”

About Sallyport

Founded in 2023 and based in Houston, Texas, Sallyport is an investment firm dedicated to providing capital and leadership to growing companies across various industries. As a value-add partner, Sallyport collaborates closely with management teams to grow and build thriving businesses. Its mission is to create enduring value for investors, companies and communities. For more information, visit www.sallyportinvestments.com.

About Truss

Founded in 2026 and headquartered in Houston, Texas, Truss Infrastructure Services builds and strengthens essential service businesses supporting critical infrastructure operators. Truss creates value by connecting domain expertise, commercial reach and purpose-built technology across a growing network of specialized companies. For more information, visit www.trussinfrastructure.com.

SOURCE Sallyport

U.S.-Led Round Follows Expert Roster Growth and Recognition Among Canada’s Top 100 AI Startups

MONTREAL, Sept. 9, 2026 — Onix, the company behind Personal Intelligence®, a new category of AI built on trusted experts rather than the average internet, today announced $5 million USD (approximately $7 million CAD) in pre-seed funding led by Alpha Edison, with participation from Garage Capital, Ride Home Fund, and strategic investors including Jeremy Zimmer, co-founder of UTA, and JS Cournoyer, co-founder of Real Ventures.

The round marks the company’s first institutional capital and reflects growing confidence in its fundamentally different approach: private, expert-owned intelligence systems trained exclusively on licensed expert knowledge and governed by the experts themselves. The funding will accelerate platform development, expert onboarding, research and evaluation, as Onix heads to public availability. This momentum comes at a time when more people turn to AI for health advice, while trust and provenance emerge as defining challenges for the AI industry.

“The next generation of AI will be defined by trust,” said Nick Grouf, Managing Partner at Alpha Edison. “Onix has built a fundamentally different approach around human expertise and privacy. That’s why we invested.”

Early participants are already seeing the impact. “I was skeptical of digital medical advice. Then Jordan Metzl’s onix actually changed my behaviour, and no app has ever done that,” said James Schauer, a startup founder who used the platform while managing a knee injury. Cindy P., a Hashimoto’s patient dismissed for almost 30 years, said McCall McPherson’s onix “coached me exactly how to advocate for myself. My doctor did a complete 180.”

Experts see the same gap from the other side. “All the work we put into our careers, the biggest problem is it never reaches the people who need to hear it,” said Dave Rabin, MD, PhD. “Onix is going to demonstrate that AI can scale that knowledge and help heal the world.”

The financing stands out in a tight Canadian venture market. According to the Canadian Venture Capital and Private Equity Association (CVCA), the round is more than seven times the average Canadian pre-seed deal in 2025 and exceeds the average Canadian seed round. It also comes as U.S. investor participation in Canadian pre-seed venture deals fell from 23% in 2024 to 8% in 2025, making a U.S.-led investment in a Canada-based company a notable signal of confidence.

The funding comes amid significant momentum for Onix, including the addition of new health experts, a partnership with Mila, the Montreal-based AI research institute founded by Yoshua Bengio, and recognition as one of Canada’s Top 100 AI Startups for 2026 by ALL IN. New health experts joining the platform include Tim Westbrook, MS, addiction recovery expert; Robin Berman, MD, psychiatrist and parenting expert; Aric A. Prather, PhD, sleep psychologist; Dr. Sanjay Bhojraj, MD, integrative cardiologist; Nathalie Niddam, CNP, BPC, longevity and biohacking expert; Shivani Gupta, PhD, Ayurvedic practitioner focused on inflammation; and Ashley Shrader, DNP, IFMCP, family nurse practitioner.

Onix was co-founded by David Bennahum, a former WIRED contributing editor and serial technology entrepreneur, and Dr. Nicholas Nadeau, who scaled humanoid robotics company 1X as CTO.

It launched with a cohort of Founding Experts across key health and wellness categories, including William Li, MD; Jordan Metzl, MD; Michael Rich, MD; Dave Rabin, MD, PhD; Jill Carnahan, MD; Krista Ramonas, MD; Joel “Gator” Warsh, MD; Kwadwo Kyeremanteng, MD; Elissa Epel, PhD; Nicole Beurkens, PhD; Meenal Agarwal, OD; Christian Drapeau, MSc; Juliana Hauser, LMFT; Ashley Koff, RD; McCall McPherson, PA-C; and Mark Sisson.

“Today’s AI dilutes knowledge, depriving people from accessing true expertise that defines the standards of human care,” said David S. Bennahum, Co-founder and CEO of Onix. “We believe the future belongs to technologies that preserve provenance, authorship, and human judgment, so people know who they’re learning from and experts retain ownership of the knowledge they’ve spent a lifetime building.”

“The AI industry optimized for scale by scraping everything public,” said Nicholas Nadeau, PhD, Co-founder and CTO of Onix. “But the most valuable knowledge was never public: the unpublished frameworks, the case notes, the judgment an expert builds over a career. You can’t scrape that; you have to earn it. Onix builds with experts, so their knowledge reaches people intact and stays theirs.”

Onix is currently available in early access on iOS. Full commercial availability is expected later this year, with Android to follow.

To learn more, visit Onix.life and follow Onix on Instagram, LinkedIn, X, Facebook, and YouTube.

ABOUT ONIX

Onix is the world’s first Personal Intelligence® solution, a private, expert-driven AI built from the minds you’d most want in your corner to solve life’s hardest problems.

Onix doesn’t replace humans; it amplifies them. Participants get guidance from the experts they trust, anytime, anywhere, with personal, private advice. Onix gives experts a way to license their knowledge intentionally and maintain governance over how their intelligence systems operate, while scaling their work to help more people without surrendering their IP to centralized AI platforms.

PRESS CONTACT
Sara White
[email protected]
832-314-2640

SOURCE Onix

GALWAY, Ireland and BRAINTREE, Mass., Sept. 9, 2026 — Neurent Medical, the pioneer behind the NEUROMARK® System for the treatment of chronic rhinitis, today announced that it has secured a €25 million growth debt financing facility from Claret Capital Partners.

The financing will support the continued commercial expansion of NEUROMARK®, accelerate investment in sales and marketing initiatives, strengthen the company’s balance sheet, and provide additional capital to support future growth opportunities.

The financing follows Neurent Medical’s successful €62.5 million Series C financing completed earlier this year, further reinforcing the company’s position as a leader in minimally invasive treatments for chronic inflammatory sinonasal diseases.

Brian Shields, CEO of Neurent Medical said:

“This financing represents another important milestone for Neurent Medical as we continue to scale our commercial operations and expand patient access to NEUROMARK. We are delighted to deepen our relationship with Claret Capital Partners, whose continued support reflects confidence in our technology, clinical evidence, commercial progress and long-term vision. The facility provides significant financial flexibility while allowing us to continue executing our growth strategy with minimal dilution to shareholders.”

Daniel Mallon, Principal at Claret Capital Partners comments: 

“Neurent Medical has demonstrated exceptional progress in establishing NEUROMARK as a leading treatment option for chronic rhinitis. We are pleased to further support the company as it continues its commercial expansion and works to improve outcomes for millions of patients suffering from chronic rhinitis.”

About Neurent Medical

Neurent Medical is dedicated to transforming the treatment landscape for chronic inflammatory sinonasal diseases. Its flagship NEUROMARK® System utilizes proprietary impedance-controlled radiofrequency technology to target hyperactive posterior nasal nerves, offering durable relief from chronic rhinitis symptoms. The company is headquartered in Galway, Ireland, with U.S. operations in Braintree, Massachusetts.

For more information visit www.neurentmedical.com. 

About Claret Capital Partners

Claret Capital Partners is Europe’s largest independent growth debt fund manager. Since 2013, the firm has invested over €1.5bn through its funds, supporting more than 210 companies across the technology, life sciences and impact sectors. Its team has been active in investing into European companies for over 25 years, providing innovative debt solutions that help entrepreneurs and their investors grow their companies while minimising dilution.

For more information visit www.claret-capital.com 

Claret Capital Partners Limited (company registered number 12516001) is authorised and regulated by the Financial Conduct Authority (FRN 993228).

SOURCE Neurent Medical

LIP Ventures and Inven Capital lead round as enterprise demand for water risk management accelerates

NEW YORK, Sept. 9, 2026 — Wint, the leading provider of water management solutions for the built environment, today announced it has raised $36 million in Series D funding co-led by LIP Ventures and Inven Capital. With this investment, Wint will accelerate product development and deepen the company’s market reach.

“Wint has established itself as the trusted platform for enterprise water intelligence, with a customer base and a track record that speaks for itself,” said Alan Weisleder, Partner at LIP Ventures. “This investment is an opportunity to help a proven team scale a proven solution to a much larger share of the global market, and we’re proud to be part of that journey.”

“Water risk is one of the most underestimated threats to the built environment. Wint exists to change that, and this funding gives us the resources to bring proactive water intelligence to every building, everywhere,” said Alon Geva, CEO at Wint. “Buildings that run on Wint leak less, waste less, and perform better, and this investment lets us scale to a much larger share of the world’s built environment.”

“We are excited to continue backing Wint as the leading water intelligence platform and key infrastructure layer for how buildings monitor, manage, and mitigate water-related risks,” said Michal Mravec, Investment Director at Inven Capital “The company’s growing traction with leading insurers, real estate owners, facility managers, and installation partners validates both the scale of the opportunity and Wint’s ability to create value across the entire water management ecosystem.”

Wint’s platform uses AI algorithms to analyze water data in commercial and industrial buildings in real time, giving facilities and risk teams precise visibility into where water is being used, wasted, or lost before damage occurs. The company serves global enterprises, commercial and residential facilities, general contractors, and mission-critical facilities seeking to halt water waste, prevent damage, lower operational costs, and strengthen their ESG impact.

This funding marks the latest milestone for Wint, which announced in December 2025 that it had secured a strategic investment from Grosvenor, one of the world’s most respected property owners and developers, who will expand Wint’s solutions across its global real estate portfolio. Heading into 2026, Wint reported saving 1.15 billion gallons of water, preventing an estimated $100 million in water damage across more than 1,300 incidents, and avoiding over 39,000 metric tons of carbon emissions in 2025 alone. The company also launched AI-based Water Insights and AI-driven water temperature and boiler health analysis, deepening the platform’s ability to surface actionable intelligence across every building system.

For more information about Wint, visit https://wint.ai.

About Wint

Wint is the leading provider of water management solutions for the built environment, protecting properties, ensuring business continuity, and driving sustainability at scale. As the only AI-powered, enterprise- and insurance-grade platform, Wint proactively prevents leaks, eliminates waste, and provides usage insights across every system and every stage of a building’s lifecycle. Backed by the industry’s only global insurer warranty and trusted by leaders like HP, Suffolk Construction, and the Empire State Building, Wint makes buildings smarter, safer, and more sustainable. Learn more wint.ai.

About LIP Ventures

LIP Ventures is a Latin America-based venture capital firm managing three funds with over US$220 million in AUM, deployed across a portfolio of 50+ early-growth and growth-stage technology companies. The firm connects international capital with technology talent across Israel, the United States, and Europe. Beyond funding, LIP Ventures supports its portfolio companies with market access, sales & marketing expertise, nearshoring capabilities, and professional services to drive revenue growth and long-term profitability.

Learn more at lip.lat.

About Inven Capital

Inven Capital is a EUR 500m European VC fund focused on later-stage climate tech investments in Europe & Israel, backed by CEZ Group and European Investment Bank (EIB). Inven Capital’s strategy is to invest in innovative fast growing climate tech startups, with a focus on decarbonization. It primarily focuses on later-stage growth investment opportunities with a sound business model proven by realized revenues and long-term growth potential. Since 2015, INVEN CAPITAL has selectively invested in over twenty companies including Sonnen, Sunfire, tado, Forto, Driivz, CyberX, Taranis, WINT, Ember, Andercore etc. For more information, visit www.invencapital.cz.

SOURCE Wint

System is positioned to become the go-to player in the $163B peptide market still searching for a leader as the FDA expands access to regulated compounds

SAN FRANCISCO, Sept. 9, 2026 — System, the vertically integrated peptide platform connecting patients with licensed U.S. clinicians and pharmacy-grade compound treatments, today announced $20M in new funding to accelerate its mission of becoming the definitive, trusted name in peptides. Funding comes from Patron Fund, Will Ventures, Vine, Courtside, Daybreak, SV Angel, and RiverPark Ventures. The fresh capital will give more people access to what has historically been reserved for a select group of patients.

Peptides have moved from niche biohacker interest to a mainstream wellness category, with the global peptide therapeutic market estimated at $140 billion in 2025 and projected to reach $163 billion in 2026. Despite a rising adoption of the longevity drugs known to support everything from anti-aging and skin rejuvenation to weight loss management, muscle growth, recovery, and energy enhancement, peptides have historically been costly, unregulated, and largely inaccessible. Now, on the heels of the FDA’s vote to add six reviewed peptides to the list of substances licensed compounding pharmacies can legally prepare, peptides are moving toward a more regulated, legitimate distribution model to serve the growing number of use cases.

System has been building the infrastructure to own the peptide supply chain as it enters a new era of regulation and access. The platform pairs patients with U.S.-licensed clinicians who evaluate individual health history and prescribe personalized peptide protocols, compounded by certified American pharmacies and shipped from lab to door. Differentiating itself from other suppliers and clinicians, System takes ownership by acquiring every link in the peptide supply chain, with a compounding pharmacy in its network and a raw-ingredient (API) manufacturer on its roadmap. Transparency is core to System’s operating model, with patients and regulators having visibility into what goes into every product and transaction: every product is third-party lab tested, clinicians are background-checked and NPDB-reviewed, and each treatment is sourced through FDA-registered U.S. compounding pharmacies.

“My vision was never to be another DTC telehealth brand, but to own more of the stack and build the foundation this category needs as it moves into the mainstream,” says Adam Steinle, Founder and CEO of System. “We want to be category definers and the solution Americans use and trust for their long-term health. This funding signals that we’re building a company that is filling the gap between concierge clinics and research-grade access that no single platform currently owns.”

“Peptides are moving from the edges of wellness into mainstream consumer culture. As healthcare becomes more personal, and increasingly part of how people express their identity, the category-defining companies will be built by founders who understand that trust, quality and brand are inseparable. Adam understood this consumer shift better than anyone. System is building the trusted consumer company that can define this category,” says Amber Atherton, Partner at Patron.

About System

System is a vertically integrated peptide platform delivering science-backed, physician-guided treatments through licensed U.S. clinicians and certified American compounding pharmacies. System’s peptide offerings include Glutathione, MIC+B12, NAD+, and Sermorelin to support energy, recovery, metabolism, muscle, skin, and healthy aging. Every medication is third-party lab-tested and shipped free within two days. Available in all 50 U.S. states, subject to state telehealth regulations. Learn more at systemlabs.com.

SOURCE System

Euno’s AI context platform continuously learns how organizations build, use, and govern their data, giving AI agents the organizational intelligence they need to navigate enterprise data and act reliably. Acting as the AI brain behind enterprise data, Euno enables customers to move a wide range of AI initiatives from pilot to production in weeks.

Enterprise AI systems depend on trusted data to make decisions and take action. But agents need to understand what that data means, what to trust, how the business uses it, how they should use it, and how it connects across the organization. As enterprises move toward autonomous, cross-domain agentic workflows, they need a new foundation: context that learns with the organization, sustains trust as knowledge evolves, and gives every agent the organizational intelligence it needs to act reliably, while generating its own context feedback loops.

Euno replaces human-maintained context with a live, AI-native brain that understands how data flows, what it means, and how it is used across the organization, then learns how agents interact with that context as they reason and act across complex, multi-domain workflows. Euno gives each agent exactly the slice of context its task and decision require, while continuously encoding what it learns back into the organization’s context platform, building the foundation for a sustainable, compounding AI advantage.

“Models keep getting better and cheaper, but the long-term AI moat for enterprises will increasingly come from the accumulated record of how work gets done,” said Sarah Levy, co-founder and CEO of Euno. “Competitors may have access to the same frontier models, but they cannot easily replicate the proprietary context and experience an enterprise has accumulated through its own operations.”

At the core of Euno’s research is how to best capture institutional knowledge, including whether it can be inferred from operational signals rather than manually curated and maintained. Through its studies, Euno has found that much of what determines the data to use and trust, and how to use it, is encoded in patterns across continuously evolving metadata graphs. By analyzing these patterns, Euno can infer that knowledge, then continuously refine it through agent feedback as the organizational context evolves. These findings shaped Euno’s architecture, enabling its customers to put AI to work with their data in weeks, rather than spend a year getting AI-ready.

Building the context brain that allows agents to move into production requires more than giving them the right context. Enterprises also need to govern what context each agent is allowed to access and under what rules. Euno builds governance directly into its context infrastructure, delivering only the context each agent’s task and role require while enforcing organizational boundaries in real time.

“The teams that own enterprise data have been the ones slowing AI down, and they were right to do so because nobody could tell them what an agent would be able to reach once it was connected,” Levy said. “Security vendors sell them the fear. We hand them the ability to actually deploy and build the organizations of the future.”

“Enterprises are thirsty for impact-making AI agents. For an AI agent to move the needle, it must act on current and trusted business data – and that demands precise, scalable contextual infrastructure,” said Moshe Zilberstein, General Partner at N47. “Demand for this AI infrastructure is accelerating fast, and Euno is the only company building it AI-native instead of retrofitting a solution meant for people. Sarah and Eyal are data experts and have world-class engineering depth, which is exactly what this kind of problem demands.”

Euno was named to Gartner’s Coolest Vendor Innovations in Data Management report, which credits the company’s continuously updated enterprise context graph with giving AI systems semantic understanding of data assets. Euno works with Fortune 500 organizations and enterprises across all verticals, including the market intelligence platform AlphaSense and the global telecommunications company Zayo Group.

“After years of implementing data governance solutions at the top two telecom providers in the United States, encountering Euno was a turning point. With it, I realized we no longer needed to follow the traditional playbook and build a data catalog, but could leap ahead with an AI-driven approach,” said Will Mitchell, director of data and AI governance at Zayo. “This shift saved significant time, without needing to build complex models or manually create canonical models”

Euno was founded in 2023 by Sarah Levy and Eyal Firstenberg, both graduates of Talpiot, the Israeli military’s elite technology program. Both have deep research and science backgrounds, Levy was previously CTO at Sight Diagnostics and head of a top IDF cybersecurity department. Firstenberg, who leads the company’s San Francisco office, was a section head in Unit 8200 and then served as VP of R&D at LightCyber, which was acquired by Palo Alto Networks. The company employs nearly 30 people across the US and Israel, including a context-focused research group, and expects to double by year-end, with the funding secured in this round going primarily to sales, marketing, and AI research.

About Euno
Euno is the enterprise AI-native context platform, built for how AI agents work. Euno’s context brain continuously researches, reconstructs and defines lineage, meaning, ownership, and governance rules across the entire data and AI stack, enabling accurate and resilient results and the deployment of autonomous AI agents across the organization. By ensuring every agent receives precisely the context it needs, and nothing more, Euno enables enterprises to confidently run autonomous agents in production, while maintaining full control of trust, governance and economics. Founded in 2023, Euno is based in San Francisco and Tel Aviv and backed by N47, 10D, and leading data and security founders, and was named to Gartner’s Coolest Vendor Innovations in Data Management report in 2026. Learn more at euno.ai.

[email protected]

SOURCE Euno

LONDON and DALLAS, Sept. 9, 2026 — MCatalysis, Inc. announces today the closing of its $5 million Seed funding round to commercialize its next-generation chemical process to convert domestic offgas, plastics, and biomass resources into energy-secure, drop-in fuels below commodity cost. The round was led by HL Energy Ventures (HLEV) and Oxford Science Enterprises (OSE), and is further supported by a recent $2.25 million award from UK Research and Innovation.

Conventional fuel refining and early synthetic alternatives require massive energy inputs, extreme temperatures, and complex, multi-stage facilities that elevate expenses. MCatalysis takes an entirely different path. Rather than relying on brute furnace heat, the company invented a unique suite of proprietary microwave-driven catalysts, smart materials that act like molecular scissors and glue, to produce high-quality, ready-to-use fuels compatible with existing infrastructure. 

MCatalysis will use the proceeds to construct an industrial pilot facility at the Axel’One platform in Lyon, France, situated in Europe’s premier chemical manufacturing hub, the Vallée de la Chimie. Locating in this industrial corridor enables the company to leverage established infrastructure and chemical engineering talent. R&D efforts will continue to be centered in London.

“Cost is everything; businesses cannot switch energy sources if alternatives carry a premium,” said Michael D. Irwin, CEO of MCatalysis. “Our platform is engineered to make commercial fuel at costs required by today’s market. By winning on economics first, clean adoption becomes an automatic decision.”

“MCatalysis innovatively provides its initial solution at the core of already existing fuels infrastructure, allowing it to provide low carbon fuels at low cost and without requiring government subsidies,” stated Victor Liu, of HL Energy Ventures. “We have been supporting MCatalysis since its very beginning, and will continue to support Michael and the MCatalysis team as they scale operations.”

“Scalable transitions require superior unit economics,” added George Todd, of OSE. “MCatalysis slashes fuel manufacturing costs, creating a compelling commercial model that delivers environmental sustainability as a natural result. We are delighted to support this breakthrough Oxford University research into global deployment.”

About MCatalysis, Inc.

MCatalysis is a technology company that produces high-quality, drop-in fuels without petroleum extraction from unmonetized hydrocarbon feedstocks. Learn more at www.mcatalysis.com.

About HL Energy Ventures

HL Energy Ventures is a venture capital firm that invests in early-stage startups addressing energy security, energy AI, and the energy transition. Learn more at www.hlenergyventures.com.

About Oxford Science Enterprises

Oxford Science Enterprises (OSE) is an independent, billion-pound investment company and venture builder that finds, funds, and builds transformational science and technology companies emerging from Oxford’s world-leading research.  Learn more at www.oxfordscienceenterprises.com.

Media & Investor Contact

SOURCE MCatalysis, Inc.

Digital asset freight settlement at Kraken, via token listing, delivers savings and opportunity

CASPER, Wyo., Sept. 9, 2026 — TCS Blockchain, a Wyoming trade finance provider serving the transportation industry, today announced its digital asset, TCS Token ($TCS), is listed on Kraken with a USD spot trading pair. The listing provides $TCS liquidity on Kraken to support freight invoice settlement, and eligible Kraken clients can trade and engage $TCS.

Transportation Industry experts place annual freight spend volume at $2.58 trillion, 9% of total US GDP. The American Trucking Association reports 72% of freight moves by truck, and 91% of carriers operate 1-10 trucks. Carriers wait 30-180 days to get paid, forcing most to sell invoices to financial intermediaries at substantial capital costs.

TCS and Kraken Drive Value

TCS converged supply chains with blockchains to solve the problem. Transportation companies now exchange freight invoice collection rights for $TCS, which can then be sold for USD at Kraken. According to TCS, Users are funded same-day or next business day, and most save 50-90% on costs. TCS Users move seamlessly from $TCS to USD in a single market, rather than navigating layers of intermediaries and third-party digital assets. The model reduces costs, operational complexity and counterparty risk.

Kraken’s listing of $TCS provides transportation companies with cheaper and faster settlement, and opportunity for Kraken clients to engage with the digital asset driving value and facilitating commercial paper transactions in a legacy industry.

About the $TCS Asset

$TCS is an ERC-20 asset deployed on the Polygon network, with supply capped at fifty-billion. TCS reports nearly all supply has been held in treasury since 2022. After TCS settles with transportation Users, new $TCS supply is released when Users sell on Kraken for USD – similar to how the efforts of miners bring new Bitcoin supply to market.

“TCS saves trucking and transportation companies time and money. And eliminating financial waste in supply chains helps everyone,” advised Todd Ziegler, TCS Blockchain CEO. “TCS is a Main Street digital asset solution, that’s solved the largest B2B payments problem in America. Kraken clients can now be part of this innovation, and engage with the companies that get their goods to grocery and retail store shelves every day.”

About Kraken

Founded as a secure global crypto exchange in 2011, Kraken has evolved into a multi-asset trading platform. From one account, customers trade more than 600 digital assets, thousands of U.S.-listed stocks and ETFs, hundreds of tokenized equities, derivatives, including perpetuals, and national currencies. Millions of consumers, professional traders, and institutions rely on Kraken as one of the fastest and most liquid trading platforms.

About TCS Blockchain

TCS Blockchain settled the World’s first freight invoice onchain in 2022, and now offers the cheapest, fastest and best settlement experience in the American transportation Industry. TCS supports truckers, brokers, and at-scale carriers – and benefits consumers and households – by displacing invoice factoring, and mitigating financial waste in supply chains.

Media Contacts

TCS Blockchain, 307-554-1090, [email protected], Kraken, [email protected]

SOURCE TCS Blockchain & Kraken