With support from Hi Ventures, NYC-based Harvard team expands definitive platform for AI in clinics across Latin America, already managing 2 million+ patient interactions in 90 healthcare institutions

NEW YORK and SAN JOSÉ, Costa Rica, Sept. 2, 2026 — Konko AI, LatAm’s leading AI platform to manage patient journeys for healthcare clinics and hospitals, today announced $6 million in funding led by Hi Ventures, with participation from LifeX Ventures, SquareOne Capital, GroundUp Ventures, Phoenix Fund and angels from Harvard, MIT, Google and Tesla.

The funding fuels product development and growth expansion in LatAm to advance its mission of delivering personalized healthcare to the 5.6 billion people in the Global South.

Co-founder and CEO Jean-Marc Goguikian witnessed his wife, Dr. Juliana Vallejo, spend years training to save lives, only to be consumed by paperwork instead of patient care. He partnered with Harvard classmate and AI expert Michael Haddad to create Konko AI and give doctors more time.

Konko AI launched in Costa Rica to help overwhelmed clinics with their workloads. Its first deployment was at the clinic Goguikian founded with his wife. From there it expanded to Mexico and Colombia. In one year, Konko AI has become the most widely used platform in its category, with 2M+ patient interactions managed across 90 healthcare institutions and 60 specialties in Mexico, Colombia and Costa Rica – 75% are handled end-to-end by AI.

“Applying AI to healthcare is more complex than most companies realize. Every clinic has unique workflows across dozens of systems, that’s why we’ve spent years working with providers to build AI that understands how healthcare operates,” said Goguikian.

Providers implement Konko AI when operational complexity outgrows their tools. What began as an AI for appointment scheduling evolved into a medical-grade AI platform automating patient journeys from first contact through follow-ups. Clients experience up to 30% revenue growth, +50% productivity and +30% patient NPS. As it automates, Konko AI unifies patient context into a continuous and interoperable record for each patient.

Konko AI’s platform includes:

• Front Office: autonomously handles patient messages, triage and scheduling in any language.
• Reactivate: reaches patients proactively to close referral loops and recover no-shows.
• Unify: consolidates each patient’s context into a continuous and interoperable record.
• Analyze: equips teams with real-time analytics plus agentic evaluation that assesses patient needs.

Media Contact: [email protected] 

SOURCE Konko AI

• The network processed 478 million transactions in the half, taking its lifetime total to 2.7 billion, with ecosystem GDP of $206 million for the period and $1.7 billion cumulative since launch
• Average monthly stablecoin transfer volume exceeded $70 billion and Arbitrum ranked first by tokenised real-world asset deployments
• Income of $6.19 million accrued to the ArbitrumDAO across four lines in the half and the collective gross margin on protocol revenue rose to more 97%
• Arbitrum Expansion Program licence fees were 35% of ArbitrumDAO income in July, the first month with Robinhood Chain on mainnet

GEORGE TOWN, Cayman Islands, Sept. 2, 2026 — The Arbitrum Foundation today published its Bi-Annual Progress Update for the first half of 2026, covering the six months to 30 June. The report sets out activity across Arbitrum One and the Arbitrum Chains built on its technology, together with the Foundation’s own operational and financial details. It also carries the headline figures for ArbitrumDAO’s income and treasury. The ecosystem’s income accrued across four lines in this period and in July the Arbitrum Expansion Program became a material line as Robinhood Chain came onto mainnet.

“The first half of 2026 shows the Arbitrum ecosystem’s financial profile broadening. It now looks like a diversified economic enterprise, with four income lines at a blended gross margin above 97% and an expansion programme that accounted for 35% of the ArbitrumDAO’s July income, the first month Robinhood Chain was on mainnet,” said Brendan Ma, Head of Investment Strategy, the Arbitrum Foundation.

“The demand behind those numbers comes from the convergence of traditional finance and onchain finance that is happening today on the Arbitrum platform. Against subdued market conditions across the industry, the ecosystem’s growth has accelerated since the half ended. On July’s figures, total income for the third quarter is already on track to exceed the second quarter by more than 40%.”

Ecosystem income and margins

Income of $6.19 million accrued to the ArbitrumDAO from four lines during the half: Arbitrum One transaction fees, Timeboost, Arbitrum Expansion Program (AEP) licence fees and treasury income. The collective gross margin on protocol revenue exceeded 97%, up from more than 90% for full-year 2025.

Under the Arbitrum Expansion Program, Arbitrum chains that settle outside Arbitrum One and Arbitrum Nova return 10% of net protocol revenue to the Arbitrum ecosystem. Robinhood Chain went live on mainnet on 1 July 2026 and contributes under the programme. In July, AEP licence fees of $360,000 were 35% of ArbitrumDAO income.

Enterprise adoption and the Arbitrum barbell strategy

Arbitrum’s barbell strategy places a liquid public chain, Arbitrum One, at one end and purpose-built Arbitrum chains for enterprises at the other, both on the same technology stack. Each Arbitrum chain contributes to the ecosystem: chains settling to Arbitrum One through the fees they pay and chains settling elsewhere under the AEP. Robinhood Chain, a dedicated Arbitrum chain built by Robinhood and settling to Ethereum, launched its public testnet in February 2026 and processed more than 200 million transactions before its mainnet launch on 1 July. The chain follows Robinhood’s issuance of tokenised stocks and ETFs on Arbitrum One in June 2025.

Arbitrum ended the half ranked first by tokenised real-world asset deployments, according to RWA.xyz, with more than 2,000 assets deployed. Ecosystem GDP was $206 million for the half, taking the cumulative figure since launch to $1.7 billion. LG Electronics announced a pilot onchain advertising network on Arbitrum, Mastercard expanded stablecoin settlement support to assets on the network and PayPal’s PYUSD peaked at $475 million on Arbitrum in the first quarter.

The Arbitrum Foundation took part in more than 15 capital markets events and engaged with more than 150 institutional investors in the half. Independent research coverage also grew. FalconX, a digital asset prime brokerage with $11 billion in assets under management, published a report to its institutional client base that described Arbitrum as “the AWS of blockchains” and modelled Robinhood Chain’s effect on long-term protocol economics. Canary Capital, which manages approximately $400 million, initiated coverage with a report covering Robinhood Chain, the adoption trajectory and the long-term investment case for the platform.

ARB supply and capital discipline

As of 17 August 2026, approximately 9.23 billion ARB, or 92.3% of total supply, was unlocked or held in the ArbitrumDAO treasury. The remaining 0.77 billion ARB, 7.7% of total supply, is the balance of the original vesting schedule, with the final vest arriving in March 2027.

ARB holders govern the ArbitrumDAO and direct its assets and income. In addition to the income described above, the DAO held $125 million in non-native treasury assets, excluding ARB, at 30 June 2026, which supports the capital flexibility to pursue opportunities to grow the Arbitrum ecosystem and the DAO‘s income.

The Foundation, which holds ARB in its own treasury, allocates capital predominantly through milestone-based funding, releasing funds against delivery to limit the market impact of ecosystem spending and aligning major capital deployments with performance milestones. In the six months to 30 June, less than $200,000 of the Foundation’s ecosystem grants was issued upfront without milestone conditions.

Report availability

The Bi-Annual Progress Update H1 2026 is available at The Arbitrum Foundation Documents.

The Annual Transparency Report 2025 is available here.

Contact

Alex Speirs, PR & Communications – Arbitrum Foundation – [email protected]

About the Arbitrum Foundation

The Arbitrum Foundation is a Cayman Islands foundation company that is tasked with developing and nurturing the Arbitrum ecosystem. The Foundation operates as a neutral steward in order to support the ArbitrumDAO, the continuous innovation of the Arbitrum technology and the development and education of the Arbitrum community. ArbitrumDAO’s token holders direct protocol upgrades and treasury allocation. The Foundation executes on those priorities through grants, partnerships, research, education and developer programmes. It publishes regular transparency reports covering ecosystem growth, technical development, governance and its own finances. More information is available at arbitrum.foundation.

About Arbitrum

Arbitrum is the finance-native blockchain platform providing infrastructure for applications, tokenisation and dedicated blockchain environments. Arbitrum hosts one of the largest financial ecosystems on Ethereum, with deep liquidity and predictable execution at scale. It powers the programmable economy, where markets, transactions and business processes run automatically in software. For businesses launching dedicated environments, Arbitrum provides configurable execution, fee models, compliance and governance, so organisations can define how their systems operate while remaining connected to shared liquidity and a global settlement layer.

SOURCE Arbitrum Foundation

Pittsburgh-based startup bank, the region’s first in nearly two decades, taps Nymbus’ modern banking platform to launch a digital-centric banking experience.

JACKSONVILLE, Fla., Sept. 2, 2026 — Nymbus, a modern core banking platform for U.S. banks and credit unions, today announced that Sagehaven Bancorp (in formation) has selected Nymbus to serve as the technology foundation for its new proposed digital-centric national bank headquartered in Pittsburgh’s Strip District.

Founded by three banking and corporate-finance executives with decades of sophisticated banking experience, specifically Brian Tabb, CEO and former SVP of Finance in Corporate Treasury at BNY, Angelo Innamorato, EVP/COO and former VP at Huntington National Bank and Director at BNY, and Jared Leland, EVP/Chief Counsel and former Director and Corporate-Finance Attorney at Houston Harbaugh, Sagehaven filed its application for a national charter with the OCC and FDIC in July 2026 (charter review for approval in progress). Positioned to become Pittsburgh’s first startup, de novo bank in nearly 20 years if approved, Sagehaven will focus on small-to-mid market companies and mid-to-high-net-worth consumers, segments its founders believe are often underserved by traditional platforms or undervalued by large banking conglomerates.

To bring that vision to market, Sagehaven partnered with Nymbus, whose cloud-native banking platform unifies core processing, account opening, digital banking, and managed services. This helps institutions launch, operate, and grow with speed. The technology will enable Sagehaven to operate a single Pittsburgh-based branch while giving businesses and consumers nationally the ability to fully manage their banking needs digitally once it is chartered and open for banking business.

“We set out to build a bank that pairs sophistication and resiliency with security, and that meant choosing a technology partner that could help us launch, manage demand, and securely transact banking needs and interests fluidly while enhancing the customer experience,” said Brian Tabb, President and CEO of the proposed Sagehaven Bancorp. “Nymbus gives us the speed, flexibility, oversight, and digital framework to efficiently and securely serve businesses and individuals nationally in our tech-centric world.”

Sagehaven anticipates a regulatory review period following the July 2026 charter application, after which it aims to raise capital, secure final approval, and begin banking operations in April 2027.

“This is exactly the kind of institution the market needs more of: an experienced team building something new to serve businesses and clients who want a real banking relationship,” said Jeffery Kendall, Chairman and CEO of Nymbus. “Sagehaven doesn’t have to choose between high-touch service and modern technology. We’re giving them both from day one, so they can launch fast and compete without compromise.”

About Nymbus
Nymbus delivers a cloud-based, highly extensible, full-stack banking platform, empowering community banks and credit unions to accelerate their growth and market positioning. Founded in 2015, Nymbus modernizes legacy core systems that support both brick-and-mortar operations and digital-first institutions and facilitates the launch of vertical banking strategies or subsidiary brands with a sidecar Core alternative.

The Nymbus Banking Platform solution delivers the technology, people, and processes to scale as your financial institution grows. For more information, visit nymbus.com

About Sagehaven Bank (In Formation)
Sagehaven Bancorp (in formation) is a proposed digital-centric national banking organization headquartered in Pittsburgh’s Strip District, that intends to serve small-to-mid market companies and mid-to-high-net-worth consumers. Combining the relationship-focus of a community bank with a sophisticated executive banking team and technology-centric banking platform that serves customers nationwide, Sagehaven aims to deliver sophistication, resiliency, and security to communities throughout the country. Sagehaven filed its application for a national charter in July 2026 and anticipates beginning banking operations in 2027.

Sagehaven has applied to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) for a national bank charter. The charter has not yet been approved, and Sagehaven is not yet authorized to conduct banking business, accept deposits, or claim to be a nationally chartered bank.

SOURCE Nymbus

The investment comes as enterprises race to secure a rapidly expanding AI attack surface, from foundation models to the autonomous agents now writing and shipping code on their behalf.

AUSTIN, Texas, Sept. 2, 2026 — HiddenLayer, the leading AI security company that secures agentic, generative, and predictive AI applications, today announced a $100 million Series B funding round led by Delta-v Capital, with participation from Ten Eleven Ventures, Morgan Stanley, M12, Microsoft’s Venture Fund, and Booz Allen Ventures.

The company will use the funding to deepen its enterprise platform, including its Agentic Runtime Security capabilities, and Agent Harness Security, a new solution that extends the Runtime Security module to secure AI coding agents at runtime and protect enterprises adopting autonomous coding agents into their stack.             

“We set out to pioneer trusted, secure use of AI for enterprises, long before most organizations saw the urgency we do today. This funding lets us keep growing the purpose-built team and platform required to meet that moment as agentic AI becomes core to how enterprises operate,” said Chris Sestito, CEO and Co-Founder of HiddenLayer.

The raise follows a standout year: HiddenLayer’s annual recurring revenue grew more than 10x, and the company signed more than 50 new platform customers, including some of the largest names in securities brokerage, banking, insurance, accounting, government, technology, IT services, pharmaceuticals, airlines, and the US defense and intelligence communities. Internationally, new customers included one of the world’s largest pharmaceutical companies, along with several premium automotive brands and food and beverage providers. HiddenLayer also supports a leading frontier model provider in securing more than 700 million weekly users.

This growth is underpinned by a world-class research team that has directly influenced how leading organizations protect their AI systems. HiddenLayer’s researchers hold 39 granted patents and 65 pending patents spanning adversarial detection, model protection, and AI threat analysis. The team developed the first comprehensive Adversarial Prompt Engineering (APE) Taxonomy and continues to research emerging threats across generative, predictive, and agentic AI, identifying dozens of vulnerabilities across the AI ecosystem, from foundation models to the tools and infrastructure that support them. HiddenLayer’s researchers also contribute to the broader AI security community through work with organizations and initiatives including CISA/JCDC, MITRE, NIST, OWASP, and OpenSSF, improving red teaming methodologies and informing global discussions on AI governance and safety.

“Traditional security tools were built for code and infrastructure, not for models that can be poisoned, hijacked, or manipulated through their own inputs,” said Dan Williams, Partner at Delta-v Capital. “HiddenLayer built a platform from the ground up to secure AI across its full lifecycle, from the model at its core to the agentic systems being layered on top and whatever architecture comes next. We’ve watched this team turn deep adversarial-AI research into a product CISOs actually rely on, and we’re proud to partner with them.”

The funding allows HiddenLayer to focus on the three fronts where enterprises are most exposed: Agentic Runtime Security, giving organizations visibility into how their AI agents behave in production, flagging and stopping manipulation, tool misuse, and unauthorized actions as they happen, and securing Agentic Harnesses and Autonomous Coding Agents that write, review, and ship code with much less human oversight than traditional development tools. As AI cannot be made trustworthy through design-time principles alone, there is no trustworthy AI without end-to-end AI-native security. Trust has to be continuously tested and proven at runtime. These capabilities are designed to give enterprises the confidence to trust their AI, with 96% of organizations already considering AI critical to their core operations, but nearly a third unable to say with certainty whether they’ve experienced an AI-related breach, according to HiddenLayer’s 2026 AI Threat Landscape Report.

“Enterprises don’t shift budgets at this pace unless a problem is urgent. HiddenLayer’s growth over the past year across defense, financial services, and some of the most sensitive AI deployments in the world demonstrates that security teams have concluded that AI needs its own category of protection,” said Mark Hatfield, Co-Founder and Partner at Ten Eleven Ventures. “We expect that conviction to continue to grow as autonomous systems become more and more integral to the enterprise.”

“HiddenLayer was early to recognize that enterprise security is critical to the safe deployment of AI, and its buildout of an end-to-end platform to enable compliant AI adoption is an important contribution to addressing this market need,” said Zheng Wang, Head of Strategic Investments at Morgan Stanley. “We are delighted to be investing in HiddenLayer to foster its next phase of growth and innovation.”

HiddenLayer is also strengthening its leadership team, recently naming Mike Gesnaldo as Chief Revenue Officer. More hires are on the way as the company deepens its channel relationships, keeps pace with enterprise customer demand, and pushes further into international markets, beginning with Europe and the wider EMEA region.

About HiddenLayer
HiddenLayer secures agentic, generative, and predictive AI applications across the entire AI lifecycle, from discovery and AI supply chain security to attack simulation and runtime protection. Backed by patented technology and industry-leading adversarial AI research, our platform is purpose-built to defend AI systems against evolving threats. HiddenLayer protects intellectual property, helps ensure regulatory compliance, and enables organizations to safely adopt and scale AI with confidence.

About Delta-v Capital
Delta-v Capital (“Delta-v”) partners with visionary leaders of technology companies to accelerate their next phase of growth. Delta-v is a sector-focused investor with expertise in infrastructure software, cloud services, vertical software, and digital infrastructure. The firm provides flexible growth capital to support organic growth, strategic acquisitions, and shareholder liquidity, partnering with management teams and existing investors as companies scale. Delta-v currently manages over $1.6B in assets on behalf of institutional and individual investors. For more information, please visit www.deltavcapital.com or follow Delta-v Capital on LinkedIn.

Contact
SutherlandGold for HiddenLayer
[email protected] 

SOURCE HiddenLayer

HyImpulse’s €350M+ order book shows that demand for sovereign, responsive launch is already translating into significant commercial scale. 

WASHINGTON, Sept. 2, 2026 — OMVP today announced that it has co-led a financing of more than €50 million in HyImpulse Technologies GmbH, backing the company as it scales sovereign European launch capabilities. 

HyImpulse is a German company developing suborbital and orbital launch platforms using proprietary hybrid propulsion technology and has already built an order book of more than €350 million. 

“HyImpulse bridges the gap between strategic necessity and commercial demand” said Sean Bielat, Managing Partner of OMVP. “Europe needs resilient, independent access to space, and HyImpulse is building a business around that need.” 

The new capital will support the company’s second SR75 launch, the maiden flight of its SL1 orbital vehicle, expanded production and growth across commercial and defense markets. 

The HyImpulse raise demonstrates OMVP’s unique sourcing advantage. OMVP was the only U.S. participant selected for the round. 

About OMVP 

OMVP is a venture capital firm investing in European defense, dual-use and strategically important technologies.

SOURCE OMVP

Existing investors Greenoaks and Valor Equity Partners co-led the round, with participation from CEO Peter Rahal, ICONIQ, and Imaginary Ventures.

NEW YORK, Sept. 2, 2026 — Medici Brands, the parent company of David Protein and newly launched confectionery brand HallPass, today announced a $250 million Series B financing. The round was co-led by Greenoaks and Valor Equity Partners, with participation from Peter Rahal, ICONIQ, and Imaginary Ventures. Both Valor and Greenoaks previously invested in David’s $75 million Series A in 2025.

In September 2024, David launched direct-to-consumer with a single product: its flagship protein bar, offering 28 grams of protein, 150 calories, and 0g of sugar. In just two years, the brand has expanded from protein bars into frozen dessert and ready-to-drink shakes, and is now sold in more than 35,000 retail locations, including Walmart, Target, and Costco. That growth has put the company on track to surpass $300 million in revenue in 2026, making it the fastest food company to reach that milestone. 

Medici has since expanded its portfolio beyond David with HallPass, a new confectionery brand that launched nationwide at Walmart in August 2026. Across its products, HallPass aims to deliver the taste and experience of classic candy at a fraction of the calories and sugar, without the premium price typically associated with better-for-you products. Later this year, the company plans to launch its third consumer brand, Rowdy.

“We are not interested in telling people to stop eating the foods they love,” said Peter Rahal, CEO of Medici Brands. “We want to improve public health by making those foods smarter: lower calories, less sugar, no compromise on taste or experience. If we can do that across categories, better nutrition becomes easier by default.”

The new capital will be used to accelerate Medici’s next phase of growth, including expanding HallPass’ retail presence and product portfolio, extending David into new formats and categories, advancing product innovation, and building the infrastructure required to support launching and scaling new brands such as Rowdy.

“Two years ago, David Protein showed customers they no longer had to choose between great macros and great taste, and it became one of the fastest-growing CPG brands in America,” said Neil Shah, Partner at Greenoaks. “But that was never the whole ambition. Now, Medici is bringing that approach to the rest of the store, building a house of brands that delivers the taste consumers adore, without making the compromises they have grown to accept. We believe Medici is building the first technology-enabled platform in food, and we are proud to deepen our partnership with Peter and the Medici team.”

“We have tremendous confidence in Peter’s leadership and the business he is building at Medici,” said Jon Shulkin of Valor Equity Partners. “Medici combines exceptional consumer products with differentiated technology, creating a foundation we believe can support multiple category-defining brands. We’re excited to deepen our partnership with the team as they continue to build the company.”

About Medici Brands
Medici Brands creates progress by rethinking the products of the past. Its portfolio includes David Protein, a high-protein food brand, and HallPass, a confectionery brand that delivers sweets that taste like the classics at a fraction of the calories. Medici also owns Epogee, the company behind EPG, a plant-based fat substitute that delivers the taste and texture of traditional fat at a fraction of the calories.

About Greenoaks
Greenoaks makes concentrated, long-term investments in enduring companies around the world, including Stripe, Canva, Discord, Robinhood, and Toast. The firm invests behind exceptional founders at all stages of their journeys, building partnerships that last for decades.

About Valor Equity Partners 
Valor Equity Partners is an operational growth investment firm focused on investing in high-growth companies across various stages of development. For decades, Valor has served its companies with unique expertise to solve the challenges of growth and scale. Valor partners with leading companies and entrepreneurs who are committed to the highest standards of excellence and the courage to transform their industries. For more information on Valor Equity Partners, please visit www.valorep.com.

SOURCE Medici Brands, Inc.

RIYADH, Saudi Arabia, Sept. 2, 2026 — COFE Tech (formerly COFE APP), the leading operator of agentic AI enterprises and provider of intelligent procurement and AI-powered commerce infrastructure to more than 1,000 businesses across the Gulf, announced yesterday at LEAP 2026 in Riyadh the close of a pre-IPO funding round valuing the company at $178 million. The round was co-led by Wa’ed Ventures, the venture capital arm of Aramco, and Aditum Investment Management, regional fund partner to global asset managers including BlackRock, alongside Masarrah Investment Company and Alyasra Foods. The investment puts COFE Tech, dubbed the ‘Salesforce of MENA,’ on course for a targeted IPO on the Saudi Exchange by 2029.

“Too many companies in our region still run procurement, sales and inventory on systems that do not talk to one another,” said Ali Al-Ebrahim, Founder and CEO of COFE Tech. “COFE Tech brings those operations into a single intelligent enterprise platform, where AI agents watch the business, anticipate what it needs and act on its behalf. Since launching out of Kuwait in 2018, we have scaled across Saudi Arabia and the UAE — a working example of what the Gulf’s innovation-driven economic visions, from Saudi Vision 2030 to Kuwait Vision 2035, and the region’s fast-growing AI ecosystem make possible for ambitious technology companies.”

The pre-IPO round backs COFE Tech’s transformation from a consumer marketplace into an enterprise AI and B2B SaaS platform built on two engines. Agentic Procurement is a unified digital procurement solution where autonomous AI agents forecast demand, automate purchase orders and approvals, track inventory in real time, and manage e-invoicing, supply chain logistics, vendor management and embedded finance — including COFE Pay, a buy-now-pay-later (BNPL) fintech service. Agentic Commerce lets brands run AI-powered e-commerce, digital payments, digital wallets, loyalty programs and customer engagement on one platform, featuring One AI’s ‘Talk to Your Data’ generative AI capability. Both run alongside the company’s direct-to-consumer coffee marketplace app.

Driving digital transformation across the GCC, COFE Tech serves more than 1,000 enterprise clients across 3,000 outlets in Saudi Arabia, Kuwait and the United Arab Emirates, spanning food and beverage, hospitality, aviation, healthcare, education and retail. Clients include Emirates, Etihad Airways, Kuwait Airways, Al-Futtaim Group, Kuwait Finance House, the Central Bank of Kuwait, stc, Aramco and Alibaba Cloud.

SOURCE COFE Tech

MIAMI, Sept. 2, 2026 — H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $75 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Outcomes One (“Outcomes” or the “Company”), a leading provider of clinical network services and pharmacy technology.

Headquartered in Orlando, Florida, Outcomes provides clinical network services and pharmacy technology solutions to pharmacies, health plans, pharmaceutical manufacturers, and data partners. Through its leading national network, which encompasses approximately 85% of U.S. pharmacies, the Company meaningfully improves patient health by enabling pharmacist-delivered clinical interventions and medication-based care. In 2025, the Company facilitated more than 10 million clinical interventions across 130 million covered lives. The Company additionally provides an integrated technology suite, including pharmacy management software and workflow automation solutions, to pharmacies nationwide, supporting critical daily operations such as prescription processing, dispensing, billing, and inventory management. Outcomes’ solutions span national and regional pharmacy chains, health systems, specialty and long-term care providers, and independent community pharmacies.

Jude Dieterman, Chief Executive Officer of Outcomes, noted, “Outcomes was built around the belief that pharmacists play a critical role in improving patient health. Our partnership with H.I.G. will provide additional resources and expertise to continue investing in our unique pharmacist-led clinical network, our leading technology platforms such as Rx30, Computer-Rx, and Outcomes Premium, and to deliver even greater value to pharmacies, health plans, pharmaceutical manufacturers, and patients.”

“Outcomes has built a unique technology platform that enables critical health services that are proven to improve patient outcomes,” commented Arjun Mohan, Managing Director at H.I.G. “We are excited to further that cause by partnering with the Outcomes team to support their commitment to deliver quality technology, services, and innovation to customers while elevating the role of pharmacies in the healthcare system.”

H.I.G. was advised by William Blair & Co. LLC and Kirkland & Ellis LLP. Outcomes was advised by TripleTree LLC and Simpson Thacher & Bartlett LLP.

About Outcomes

Outcomes is a leading provider of clinical network services and pharmacy technology that puts the pharmacy at the center of healthcare. Through its national network and integrated technology suite, the Company facilitates clinical interventions, improves medication adherence and patient health, streamlines pharmacy operations, and creates new economic opportunities for pharmacy partners. Outcomes’ solutions include its clinical platform, pharmacy management software, patient engagement and automation tools, and data and analytics. For more information, please visit outcomes.com.

About H.I.G. Capital

H.I.G. Capital is a leading global alternative investment firm with $75 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach: 

• H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
• H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets.
• H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
• H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and its affiliates.

Contact:

Arjun Mohan
Managing Director
[email protected]

Christopher Kozak
Principal
[email protected]

H.I.G. Capital
1450 Brickell Avenue
31st Floor
Miami, FL 33131
P: 305.379.2322
hig.com

SOURCE H.I.G. Capital

AUSTIN, Texas, Sept. 2, 2026 — Critical Materials Group (CMG), a privately owned U.S.-based manufacturing company modernizing domestic energetics production, today announced it has raised $10.3M in Seed funding led by Overmatch Ventures, with participation from Victory Six Advisors and Fulcrum Ventures. The round will be used to accelerate development and commissioning of CMG’s modular energetics production platform, expand the company’s engineering and operations team, and advance regulatory milestones.

The investment comes as demand for domestic munitions and advanced energetics production reaches a critical inflection point. Decades of consolidation have left U.S. energetics manufacturing concentrated in a small number of facilities with limited surge capacity, creating strategic vulnerabilities that have grown more acute amid sustained global conflict and accelerating allied demand. CMG is developing modular, automation-ready production platforms designed to expand and strengthen the existing industrial base, giving established manufacturers and defense primes the capacity, flexibility, and resilience needed to meet sustained production requirements without disrupting proven operations.

“The U.S. energetics industrial base, from the GOCOs to the prime contractors that depend on them, has been the backbone of American energetics for generations – CMG was built to add capacity to that ecosystem,” said Kevin Capozzoli, CEO and Co-Founder of Critical Materials Group.” This funding accelerates our ability to bring modular, automation-ready production online as a complementary source that gives the industrial base the flexibility and surge capacity it needs to meet a demand signal that isn’t slowing down.”

The Seed funding will also allow CMG to meet current commitments across its contract portfolio and move faster on facility commissioning as demand from U.S. government customers continues to build. The company is simultaneously building out its government relations and regulatory compliance infrastructure to support long-term production partnerships.

“CMG sits at the intersection of geopolitics and deep tech. Energetics, like rare earth minerals, sit upstream of nearly every U.S. kinetic capability, and recent conflicts have exposed the enormous gap between peacetime production and wartime consumption. But Kevin and Travis are ultimately why we led this round. Kevin is an uncommon combination of end-user and exceptional operator. He has seen firsthand what a thin industrial base costs downrange. Travis runs one of the few private labs in the country that can formulate, test, and qualify energetic materials. Together, they are the team to rebuild the arsenal we need to deter, and if necessary defeat, our adversaries,” said Morgan Hitzig, General Partner at Overmatch Ventures.

Founded in 2025, CMG has moved quickly to establish technical credibility and government alignment in a sector defined by long procurement cycles and high barriers to entry. The company’s founding team brings experience from military service, defense contracting, and procurement, positioning itself as a trusted partner capable of filling the arsenal gaps the modern threat environment demands.

About Critical Materials Group (CMG):
Founded in 2025, Critical Materials Group, Inc. (CMG) is a privately held, Texas-based manufacturing company modernizing energetics production facilities critical to national security. CMG delivers modular, automation-ready production platforms and integrated techniques that embed safety into every stage of the manufacturing process, enabling resilient, scalable, and responsible domestic energetics production. Led by industry experts from laboratory and operational backgrounds, CMG is committed to safely and responsibly enabling lethality at scale to support allied defense readiness.

Media Contact:
[email protected]

SOURCE Critical Materials Group