Alistair Pernigo receives an O’Shaughnessy Fellowship to research how machines can identify the chemicals in the air around them

GREENWICH, Conn., Sept. 16, 2026 — O’Shaughnessy Ventures LLC (OSV), an investment firm that empowers creators, has awarded an O’Shaughnessy Fellowship to Alistair Pernigo, a researcher and entrepreneur based in San Francisco, California.

Pernigo will use the fellowship to research how machines can detect and interpret the chemical signals in their surroundings. Over the next 12 months, he plans to further develop his working sensing prototype and validate its performance through controlled experiments with academic collaborators. His broader ambition is to make chemical perception a practical capability for machines, with potential applications in robotics, industrial safety and biosecurity.

Pernigo is a research affiliate in the Multisensory Intelligence group at the MIT Media Lab, where he works on machine olfaction and molecular sensing. He co-authored the SmellNet paper, which introduces a public dataset for smell recognition covering 50 substances and 43 mixtures across roughly 828,000 data points.  The paper was published at the International Conference on Learning Representations in 2026. He is also a co-founder of Timeless Way, a science and technology lab studying how living and engineered systems perceive and respond to their environments.

OSV’s founder and CEO, Jim O’Shaughnessy, commented, “Alistair’s approach to the stubborn problem of training machines to smell may just be the thing that finally unlocks it for researchers. We’re delighted to get the chance to support his work.”

“Being part of the OSV community means a lot to me,” said Pernigo. “It gives me the support and momentum to take our work further: making chemistry a native sense for machines. I’m excited to build alongside people who recognize strange ideas as early signals of what comes next.”

About the O’Shaughnessy Fellowships Program

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

Pernigo is the twenty-second fellow announced in 2026. More information about previous fellows is available at OSV’s website.

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

About O’Shaughnessy Ventures

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

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

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

SOURCE O’Shaughnessy Ventures

This Milestone Marks a Decade of Investing in the Future of Financial Technologies & Services

TORONTO, Sept. 16, 2026 — Portage, a global fintech investment platform with US$7.0B¹ in assets under management, today announced the final close of Portage Ventures IV at approximately US$600M, cementing the firm’s position as one of the world’s leading fintech-focused venture investors.

This year marks Portage’s tenth year investing in financial technology and financial services. Over the last decade, Portage has expanded from its flagship Venture strategy into a global platform spanning Venture, Growth Equity, and Secondaries, with more than 140 portfolio companies across North America, Europe, and beyond. The Portage Ventures IV fundraise also saw new strategic Limited Partners join the platform, including Broadridge and Fifth Third Bank, reflecting the growing conviction among leading financial institutions in Portage’s approach. As Sagard’s fintech investment platform, Portage’s mission is to back founders building category-defining businesses across the financial services ecosystem, including wealth and asset management, banking, insurance, and payments.

“We founded Portage on the belief that financial services would undergo a profound technological transformation. Ten years later, that opportunity continues to expand as financial institutions modernize, new business models emerge and exceptional entrepreneurs build the technologies shaping the industry’s future,” said Adam Felesky, Co-Founder and CEO of Portage. “Wealth management is entering the same kind of structural disruption that transformed banking a decade ago. AI is being embedded into the core workflows of financial institutions at a pace we haven’t seen before. The institutions that once moved cautiously are now investing rapidly in modernization, and the founders we back are building the infrastructure that makes that possible. Launching Portage Ventures IV reflects our continued confidence in this space and our commitment to the entrepreneurs leading its next chapter.”

“Portage was built on a simple conviction: fintech has its own rulebook, and generic support won’t give founders the edge they need to win. Over the past decade, we’ve combined deep domain expertise and a disciplined investment approach with the commercial networks and partnerships that take fintech founders further, faster,” said Stephanie Choo, General Partner and Co-Head of Portage Ventures. “Portage Ventures IV reflects the strength of our team and the platform we’ve built over ten years alongside some of the most ambitious founders in financial services. As financial institutions modernize and technology reshapes the industry, founders need an investor who has mapped this terrain. That is the partner we have built Portage to be, and we look forward to continuing that work with the next generation of fintech founders.”

Legal counsel was provided by Debevoise & Plimpton.

About Portage
Portage is a global investment platform focused on fintech and financial services with US$7.0B under management, 140+ portfolio companies, and 25+ investment professionals.¹ Our firm has offices in Canada, the United States, Europe, and the Middle East. Our team partners with ambitious companies across all stages, through Portage Ventures,  and Portage Capital Solutions, and our Secondaries strategy. We provide flexible capital and deliver a global network of investors, commercial partners, advisors, and value creation experts. Our dedicated value creation team provides portfolio companies with hands-on support in go-to-market, tech and cyber, business acceleration and M&A, and partnerships to accelerate their paths to success. With deep industry knowledge and entrepreneurial experience, Portage is committed to supporting the leaders who are reshaping financial services. Portage is a platform within Sagard, a global multi-strategy alternative asset management firm with US$47B under management².

For more information, visit www.portageinvest.com.

Disclaimer

¹ As of June 30, 2026. US$7.0B AUM includes Portage Ventures IV.

²Sagard’s assets under management (“AUM”) as of June 30, 2026

This press release may contain forward-looking statements, which reflect current expectations but involve risks and uncertainties. Actual results may vary significantly. Sagard disclaims any obligation to update these statements unless required by law.

Media contacts:

Portage Canada – [email protected]

Portage United States – [email protected]

SOURCE Portage

Technology, AI and media executive to lead growth across NewsBreak and its new AI
businesses, Nearby and NDot in newly created role

MOUNTAIN VIEW, Calif., Sept. 15, 2026 — NewsBreak today announced the appointment of Nicolas Zylberstein as Chief Business Officer, responsible for the strategic growth of NewsBreak and its new AI ventures Nearby AI and NDot AI.

The appointment comes as the company scales NewsBreak, its flagship local life and news platform, and builds two new AI-native businesses: Nearby AI is an agentic local intent marketplace that connects high-intent consumers with relevant local businesses and services–helping users discover what they need and complete real-world tasks while creating new ways for businesses to reach customers at the right moment. NDot AI is a B2B Media Tech Platform dedicated to publisher growth. It offers integrated technologies and services spanning audience and traffic growth, recommendation and personalization, engagement and retention, advertising technology and monetization.

Both new platforms draw on a decade of NewsBreak’s own experience operating media products and delivering personalization at scale for more than 40 million monthly active users. Both also reflect NewsBreak’s conviction that deep, domain-specific AI infrastructure can deliver considerable value, today and in the future. The decision to bring in NewsBreak’s first Chief Business Officer at this time signals how central this belief is to the company’s next chapter.

“As search, social, and other distribution channels become less predictable, publishers need a real growth partner to build, grow, and monetize their direct audiences — that’s the opportunity behind NDot AI. At the same time, local businesses are looking for new ways to reach customers at the right moment, which is what Nearby AI is built to do. Together, they represent a significant B2B opportunity for NewsBreak to build the technology and infrastructure that both media and local business ecosystems need in the AI era. Nicolas’ experience scaling partnerships and commercial strategy at some of the world’s largest technology companies makes him the leader to help us build both businesses at scale,” said Dr. Jeff Zheng, Founder and CEO of NewsBreak, Nearby AI and NDot AI.

Nicolas Zylberstein joins NewsBreak after six years at ByteDance, where he drove AI partnerships, strategy and corporate development, and worked on the early launch of TikTok Shop.

Earlier in his career, Nicolas Zylberstein held senior operating, strategy and corporate development roles at Pinterest, YouTube, and The Walt Disney Company. He played a key role in Pinterest’s IPO, contributed to the launch and growth of YouTube Premium and YouTube TV, and supported Disney’s transition to streaming, laying the foundations for Disney+.

“NewsBreak has already proven what deep, local personalization can do at scale for tens of millions of daily users across the U.S.,” Nicolas Zylberstein said. “The core business connects people directly to local content right down to their zip code, and Nearby AI and NDot AI extend those capabilities into how people discover and engage with nearby businesses and how creators and publishers grow their audiences. I look forward to helping turn those capabilities into scaled businesses and build what’s next for modern media and local life as part of the NewsBreak team.”

Nicolas Zylberstein began his career in investment banking at JPMorgan in London and in strategy consulting at McKinsey & Company in New York. He holds an MBA from the Wharton School, a Master of Finance from Sciences Po Paris, and a Master of Laws from Sorbonne University. He also serves on the Board of Art Explora, a European nonprofit dedicated to democratizing access to the arts and culture, and lives in the Bay Area with his wife and two children.

The company is hiring founding members across disciplines who are passionate about category-defining opportunities at the intersection of technology, local ecosystems, and the content industry. For more information on open positions or to get in touch, visit https://careers.newsbreak.com or email [email protected].

About NewsBreak

NewsBreak is a local life and news platform that helps people navigate their everyday world — from neighborhood safety alerts and gas prices to nearby jobs and community events, all matched to their needs and interests. Founded in 2015, the company uses AI and machine learning to deliver that personalization at scale, connecting more than 40 million monthly active users across the U.S. with trusted publishers, community organizations, local businesses, and their neighbors. Building on this foundation, NewsBreak is now expanding into two new AI-native businesses: Nearby AI, an agentic local intent marketplace helping consumers move from discovery to real-world action through local businesses and services, and NDot AI, a B2B Media Tech Platform helping publishers and creators grow, engage, and monetize their audiences.

For more information: [email protected]

SOURCE NewsBreak

Flare Capital Partners Leads the Round as ACOs and Health Systems
Face a 2027 Reset in Medicare Risk Models

NEW YORK, Sept. 15, 2026 — Kairon Health, the AI-native execution layer for value-based care, today announced $5 million in venture funding. The round was led by Flare Capital Partners, with participation from Tau Ventures and existing investors Lightbank, General Advance and Pave Health Ventures. Kairon helps ACOs, health systems, IPAs, MSOs, group practices and clinically integrated networks run the day-to-day work of value-based care. The new capital will fund AI development across Kairon’s five workflow clouds, deepen its care operations and patient outreach products, and expand the go-to-market team as Medicare’s accountable care programs enter their largest structural change in a decade.

Accountable care organizations and health networks have spent a decade buying analytic solutions that flag care gaps but closing them still falls to an army of staff working across disjointed data systems and spreadsheets. Kairon replaces those numerous solutions with a single system.

“I spent nine years at Aledade building the foundation of value-based care, and the problem was never visibility,” said Nick Bartz, Co-founder and CEO of Kairon Health. “Nobody’s core problem is that they can’t see the care gap. Clinical teams are already running flat out—care managers are carrying huge patient loads; liaisons are in the field all day, and the gap still doesn’t close because closing it takes another set of hands or more hours in the day. So, we built the execution layer that does the actual work and we measure whether it worked or not so a customer never has to take our word for it. Operators today are paying 5 to10X what we charge for software that simply hands the problem back to them in a prettier format. Flare gets this problem space and has real depth in value-based care, so they are the perfect partner to help us scale our solution.”  

Kairon ingests, normalizes and links claims, clinical records, ADT feeds, labs and pharmacy data alongside qualitative sources most systems discard, like meeting transcripts, filed notes and CRM logs. The company takes all this data and creates a single patient-to-practice model that is payer agnostic.

“We’ve known Nick and Evan for several years and admire their operating experience and commitment to pushing value-based care forward with the right technology,” said Tara Sullivan, Principal at Flare Capital Partners. “Kairon is already producing results for customers carrying real risk. With ACO REACH concluding and the LEAD model starting next year, the pressure on providers to execute will continue to rise. There’s never been a better moment for entrepreneurs who’ve lived through past value-based care transitions to build what’s next. We see the right team, the right technology, and policy timing aligned, and believe Kairon can define this category.”

Early Customer Traction & Policy Tailwinds

With CMS committing to placing all traditional Medicare beneficiaries in accountable care relationships by 2030 and the ACO REACH program being succeeded by the new LEAD performance model, provider-based organizations will be taking on more downside risk and committing to it for longer. Providers will need to get a better handle on how to bend the cost curve. Kairon helps practices turn data into prioritized workflows and close care gaps by measuring what actually moves the needle with patients and practice staff.

Kairon is live today across MSSP, ACO REACH, Medicare Advantage, Medicaid and commercial contracts covering more than 1 million attributed lives in 30+ states, including one national ACO enabler customer who is managing 350,000+ Medicare lives and a hospital system managing value-based care for approximately 350,000 lives.

About Kairon Health

Kairon Health is an AI-native execution layer for value-based care, serving ACOs, health systems, IPAs, MSOs, group practices and clinically integrated networks. Its platform connects five workflow clouds — Practice Intelligence, Care Operations, Patient Activation, Portfolio Management and Impact Analytics — to turn field data into worklists, outreach and billed, measurable outcomes. Kairon is HIPAA compliant, SOC 2 Type II certified and NCQA PHM Prevalidated, with HITRUST certification in progress. To learn more about Kairon Health or to get a demo, please visit kaironhealth.com.

About Flare Capital Partners

Flare Capital Partners is a leading healthcare technology venture capital firm advancing innovation-driven companies to improve positive health outcomes, broaden care access, and lower healthcare costs. We partner with exceptional founders solving healthcare’s hardest challenges, supporting each with our deep sector expertise, unparalleled industry resources, and proven access to commercial opportunities. Our team of established investors and senior operating executives has invested in 80+ companies and has nearly $1 billion in assets under management. Learn more at www.flarecapital.com.

Media Contact: Evan Gogel, Kairon Health, [email protected], 914-424-9444

SOURCE Kairon Health

NEW YORK, Sept. 15, 2026 — USD.AI has secured a $40 million stablecoin-based revolving debt facility from K3 Capital to support the launch of new financing products. The facility provides USD.AI with short-term credit collateralized by sUSDai, which can be drawn, repaid and reused as needed.

USD.AI’s loans run three years and amortize monthly, while capital can enter and exit sUSDai on a far shorter cycle. Borrowing against sUSDai lets USD.AI meet that gap with short-term credit rather than with idle capital, keeping a higher share of the pool deployed in loans.

“K3 Capital’s strategy is built on identifying such market-structure inefficiencies and supporting teams we trust,” said Kiril Nikolov, Co-Founder of K3 Capital. “Rather than see sUSDai sit underdeployed, we are happy to extend short-term credit collateralized with sUSDai and help the team close out its roadmap. This is not a standalone deal for us; it is a service we provide to the protocols we have vetted and actively work with.”

The facility builds on an existing liquidity relationship between K3 and USD.AI and reflects K3’s broader practice of providing such facilities to protocols it has vetted and works with on an ongoing basis.

“We’re preparing to launch a new product that requires a more flexible source of short-term capital,” said David Choi, CEO of Permian Labs (developer of USD.AI). “K3 was able to design an onchain credit facility around that need, giving USD.AI the liquidity to support new initiatives as we continue expanding the platform.”

The K3 facility follows USD.AI’s recently announced $100 million stablecoin-based debt facility with Bullish, further expanding the range of capital available to support USD.AI’s growth.

About USD.AI

USD.AI provides AI infrastructure operators with strategic, non-dilutive financing facilities essential for their scale requirements. The protocol delivers non-recourse loans secured exclusively by the underlying GPU infrastructure, isolating risk from the corporate balance sheet. USD.AI’s financing is asset-backed, transparent, and settled on-chain, providing capital providers with direct exposure to income-producing compute assets. For more information, visit https://usd.ai/.

About K3 Capital

K3 Capital is a crypto-native asset manager focused on non-directional, DeFi-native strategies. Since 2021, the firm has managed funds across interest rate arbitrage, liquidity provision and TVL bootstrapping for emerging DeFi primitives. K3 Capital works with leading protocols and high-net-worth investors, with a focus on conservative, proactive risk management and delta-neutral yield strategies.

SOURCE USD.AI

Revenue has grown nearly 7x in the past year, with more than 5,000 employers now using Thatch to give employees greater control over their healthcare

SAN FRANCISCO, Sept. 15, 2026 — Thatch, the health benefits platform helping employers move from traditional group health plans to a consumer-directed model, today announced that it has raised $108 million in new funding at a $1 billion valuation from The General Partnership, Index Ventures, General Catalyst, and Andreessen Horowitz, with participation from ADP Ventures, Paychex, Eli Lilly and Company, Scale Venture Partners, QuantumLight, SemperVirens, Quiet Capital, and Avid Ventures.

Thatch’s growth is signaling a broader shift in how employers think about healthcare benefits. The company’s revenue has grown nearly seven-fold over the past year, with more than 5,000 employers now using the platform to move away from traditional group health plans toward a model that gives employees control over how their healthcare dollars are spent.

The traction comes as employers face a fundamental problem with the traditional system: healthcare costs continue to rise, while a single plan designed around the “average” employee rarely works well for everyone. Thatch’s growth is evidence that employers are increasingly willing to rethink that model — shifting from choosing one plan for their workforce to giving employees a budget and the ability to choose coverage based on their own needs.

The model is straightforward: employers set a defined health benefits budget and employees use those tax-free dollars to choose an individual health plan that fits their needs, including their doctors, prescriptions, family situation and preferred type of coverage. Employees can also use remaining funds for eligible healthcare expenses like GLP1s, therapy and more. The shift gives employers more predictability over their healthcare spend while putting the purchasing decision in the hands of the person actually using the healthcare.

“For too long, healthcare has been the one major purchase in someone’s life they never actually got to make,” said Chris Ellis, co-founder and chief executive of Thatch. “Give people control over their own healthcare dollars, and the first thing they do is ask what something actually costs. That’s the behavior change this round is built to scale.”

The company believes this shift could have implications well beyond health insurance. Healthcare represents one of the largest categories of household and employer spending in the U.S., yet the individual has historically had little control over how those dollars are allocated. Thatch is building the infrastructure to make healthcare function more like other major consumer markets, where people have a budget, can compare options and ultimately decide what works best for them.

“Every massive consumer market eventually gets rebuilt around the individual – Amazon did it for retail, Expedia for travel, Robinhood for investing. Thatch is doing it for healthcare,” said Jahanvi Sardana, Partner at Index Ventures. “With AI, the end state is bigger than shopping: an agent that knows you, holds your wallet and can find, book and pay for the right care. The magic is that you stop navigating healthcare and start being taken care of.”

Thatch has built the infrastructure to make that transition possible at scale, connecting employers and employees to individual coverage while integrating with major health insurance carriers, payroll providers and benefits platforms. Its distribution network includes partnerships with ADP, Paychex, Gusto and QuickBooks, enabling employers to move to a consumer-directed model without rebuilding their existing benefits infrastructure.

About Thatch

Thatch is the health benefits platform that replaces one-size-fits-all group plans with individual health budgets. Instead of picking a single plan for everyone, companies give employees a tax-free budget to buy their own medical plan and pay for the health services they actually use. More than 5,000 employers use Thatch today. Backed by The General Partnership, Index Ventures, General Catalyst, and Andreessen Horowitz, Thatch is on a mission to build a healthcare system people love by changing the way we fund it. Learn more at thatch.com.

Media Contact:
Amber Moore
[email protected]

SOURCE Thatch

Harris Teeter will make a range of store enhancements across Charlotte and surrounding communities, with updates varying by location, alongside the development of three new stores in the Charlotte metro area.

MATTHEWS, N.C., Sept. 15, 2026 — Harris Teeter announced today it will invest approximately $253 million over the next three years to refresh and modernize select stores across the Charlotte, N.C. area. The investment also includes the development of three new stores.

The investment includes stores throughout the Charlotte metro area, with renovations and enhancements planned for locations such as Fort Mill and Rock Hill, S.C., and Matthews, Waxhaw, Concord and Huntersville, N.C., along with many other communities across the region. These improvements are designed to make shopping easier, more convenient and more enjoyable for customers. In addition, Harris Teeter plans to open three new stores in Fort Mill, S.C., Lake Wylie, S.C., and Kannapolis, N.C., further strengthening its commitment to the region.

“For generations, Charlotte families have made us a part of their neighborhoods and this investment reflects our long-term commitment to the customers and communities we serve,” said Tammy DeBoer, president of Harris Teeter. “These investments reflect areas where we believe we can better support our customers and communities — from select department and service enhancements to updates that improve convenience in stores.”

The store refresh initiative will include a variety of enhancements that vary by location, which may include:

• Expanded offerings in fresh, bakery and prepared food areas
• Layout and fixture updates designed to support easier navigation in some stores
• Shopping cart, exterior or parking-area improvements at select locations
• Faster and more convenient pickup and delivery services
• Updated decor, signage and store environments

Customers will begin seeing store updates roll out in phases, with timing and scope varying across locations over the next three years. As renovations are completed, customers can look forward to grand re-opening celebrations this fall, featuring Harris Teeter’s signature Taste of Teeter events. The celebrations will include free samples, special events and opportunities for customers to experience the newly refreshed stores at their neighborhood market.

Additional details about specific store re-openings and celebrations will be shared throughout the rollout.

Harris Teeter’s History in Charlotte

Harris Teeter’s roots in the Charlotte area date back 90 years, to 1936, when co-founder W.T. Harris opened his first grocery store. The company was officially formed in 1960 when W.T. Harris and Willis L. Teeter combined to form Charlotte’s hometown grocery store, Harris Teeter. Since its founding, Harris Teeter has been known for high-quality products, clean stores and superior customer service, which has guided the company through its 65-year history in the Carolinas.

Harris Teeter Helping Together

As Harris Teeter invests in the future of its stores, the company remains equally committed to investing in the communities that have supported it for generations through local partnerships, hunger relief initiatives and community-focused giving programs. Through these efforts, Harris Teeter provides millions of dollars in food and financial support each year to advance the missions of nonprofit organizations and help address critical community needs across the communities it serves.

Hunger relief is one of Harris Teeter’s largest and longest-standing areas of community investment. In the Charlotte region alone, the company has contributed more than $27.4 million in food and funds to hunger relief efforts over the last decade through food rescue efforts, Round Up campaigns, community fundraising events and partnerships with local nonprofit organizations.

“As Charlotte’s hometown retailer, we are proud to continue investing in the communities that have supported Harris Teeter for generations,” said Danna Robinson, director of corporate affairs and customer relations. “These enhancements reflect our commitment to our customers, our associates and the future of the region we call home.”

For more information, visit harristeeter.com and stay connected on Instagram and Facebook.

About Harris Teeter

For more than 60 years, Harris Teeter, a wholly-owned subsidiary of The Kroger Co. (NYSE: KR), has enriched lives – one meal, one family, one associate and one community at a time. Headquartered in Matthews, North Carolina, Harris Teeter employs 36,000 valued associates across more than 250 stores and 85 fuel centers in North Carolina, South Carolina, Virginia, Georgia, Maryland, Delaware, Florida and the District of Columbia.

SOURCE Harris Teeter

Nonstop AI portfolio includes Reference Architecture, Data Interface, Software, Server, and Platform

PALO ALTO, Calif., Sept. 15, 2026 — Delos Data today expanded the Delos Nonstop AI™ portfolio with the addition of the Delos Nonstop AI™ Data Interface and Delos Nonstop AI Reference Architecture for low-latency, high-bandwidth, resilient agentic AI infrastructure. The new offerings round out the previously announced Delos Nonstop AI™ Clusters and Delos Nonstop AI™ Server enabling end-customers to build scalable AI clusters to dramatically lower cost per token. Today’s Agentic AI Infrastructure requires putting together a Mixture of “X” Infrastructure (MoXI): a mixture of hardware, a mixture of models, and a mixture of switches, links, and topologies, all serving one workload.

The company also announced it has raised over $100 million from Matrix, Playground, Socratic Partners, Capricorn’s Technology Impact Fund, Matter Venture Partners, IAG, and industry luminaries from across compute, hyperscale, scalable systems, networking silicon, infrastructure software, and optical connectivity to launch Delos Nonstop AI.

“There has been real excitement around optical links, new standards, and die-to-die interconnects, each one solving a real piece of the puzzle,” said Ed Doe, CEO and co-founder of Delos Data. “What’s missing is the network in aggregate, rethought for a workload that didn’t exist when these networks were designed. Agentic AI is always on, always running, always being fed. You can’t get there by applying the old network to a new problem. Delos Nonstop AI is about building the faster, stronger, more efficient AI capacity and putting some MoXI into the infrastructure.”

“The data interface to endpoints in AI workloads is a critical enabler of performance. It stitches everything together in the right way,” said Dan Daly, CTO and co-founder of Delos Data. “These engines spend most of their time waiting to be fed. When you’re stitching together endpoints from different vendors at this scale, you can’t engineer failure away, you must build for it from the beginning. Get those two things right and the efficiency follows: faster frees up capacity, and always available means more time doing real work instead of recovering.”

Delos Nonstop AI™ Reference Architecture. A system-level blueprint for agentic AI infrastructure organized around quicker data movement between endpoints, larger scale to the order of hundreds of thousands of devices rather than one rack or a handful and higher resiliency to endpoint, network, software, and link failures. The architecture introduces a data interface between every endpoint in the data domain, so that heterogeneous compute, acceleration, memory, and storage can be composed to the workload to deliver Nonstop Tokens.

Delos Nonstop AI Data Interface. One data interface, delivered in three form factors so it can serve each class of endpoint:

1. I/O chiplet – 30+ Tbps, multi-protocol, for GPUs, XPUs, and Accelerators
2. Near-packaged optics – 10+ Tbps, multi-protocol, integrating Delos Data Interface with leading optical engines
3. Card – 400+ Gbps, multi-protocol, for CPUs, flash, and memory endpoints joining the Nonstop AI data domain

Delos Nonstop AI Data Interface enables each endpoint to have higher bandwidth and lower latency to every other endpoint. Because it sits between the endpoint and the network, the Delos Nonstop AI Data Interface is the first place a failure on the other side can be detected. It manages the recovery in hardware, whether the cause is a dead accelerator, a broken link, or a routine software update. Delos Data targets 10x faster performance, 10x stronger resiliency, and 10x higher scale than what endpoints can achieve today.

Delos Nonstop AI Clusters now include a platform to design and simulate a cluster topology before deployment. The platform combines a PCIe card for validating IP against real workloads across different network topologies, data interface logic for pre-silicon simulation and emulation, and a behavior-accurate, cluster-level performance modeling suite for evaluating scale, failure modes, and reliable transport. It supports a variety of topologies, letting infrastructure teams and model builders co-design infrastructure with their workloads before committing to a build.

Availability and business model
Delos Nonstop AI Clusters, showcased earlier this year at GTC, is in production today running clusters built using existing infrastructure. The platform is available now for customers to co-design their next-generation agentic AI infrastructure. Delos Nonstop AI Server, showcased earlier this year at Computex, will sample to customers at the end of 2026.

See Delos live at AI Infra Summit
Delos Data is exhibiting at booth 1344 at the AI Infra Summit, showcasing its technology and products – including Nonstop AI Cluster Live, a showcasing of heterogeneous endpoints composed into a single data domain, moving data through Delos Nonstop AI Data Interfaces and surviving failures without stopping the workload. Attendees can see the Delos Nonstop AI Clusters in operation and meet with the team.

About Delos Data
Delos Data is building Delos Nonstop AI™ for faster, stronger and more efficient inference, starting from how compute, acceleration and data is distributed and scaled. The team is a mixture of software, systems, and silicon experts focused on delivering the world’s most capable and responsive intelligence at scale. To learn more, please visit www.delosdata.com

Press Contact
Kelly Karr
Tanis Communications
[email protected]
(408) 718-9350

SOURCE Delos Data

PALO ALTO, Calif., Sept. 15, 2026 — Delos Data today announced it has raised over $100 million from Matrix, Playground, Socratic Partners, Capricorn’s Technology Impact Fund, Matter Venture Partners, IAG, and industry luminaries from across compute, hyperscale, scalable systems, networking silicon, infrastructure software, and optical connectivity to launch Delos Nonstop™ AI. The funds will be used to grow its software and hardware engineering teams and accelerate product development and sales.

Delos Nonstop AI, an approach to AI infrastructure built on a simple premise: the network, not power, memory, or compute alone, is the next chokepoint in AI. Agentic inference will break the networks industry has today. Agentic workloads are persistent rather than request-and-done; they run across a growing mixture of GPUs, XPUs, accelerators, CPUs, memory, and storage, and they must keep running through failures that are now routine at scale. Industry projections point to roughly a 300x increase in token demand by 2030, with agentic inference accounting for the bulk of that growth.

Delos Data also announced today Nonstop AI Reference Architecture for faster inference with its Delos Nonstop AI™ Data Interface that delivers 10x lower latency and 10x higher efficiency. The Data Interface joins Delos Nonstop AI™ Clusters and Delos Nonstop AI™ Server announced earlier this year to round out the solution. All three products are built on Nonstop AI Reference Architecture, which allows customers to compose clusters with their own mixture of hardware, models, and topologies all working together in one domain.

“The most expensive idle asset in a data center is a GPU, CPU or an accelerator waiting on the network. Inference workloads move data in a way that today’s interconnect was never designed to serve,” said Ed Doe, CEO and co-founder of Delos Data. “This funding positions the company to expand our team and offerings to solve the data transfer problem holistically by optimizing the network as the core of the AI system, thereby maximizing infrastructure ROI and ensuring that AI can scale to keep pace with massive growth in AI Inference.”

“Agentic AI is scaling beyond a single device, and when that happens performance isn’t solely determined by the processors, it’s decided by how the data moves between them,” said Dan Daly, CTO and co-founder of Delos Data. “Agentic AI needs a data interface that’s fast and doesn’t break under load. This funding means we can accelerate product development and deliver as fast as our customers need us to.”

“Delos is attacking the part of the AI stack where the value is now getting decided,” said Stan Reiss, general partner at Matrix Partners. “For years the assumption was that more compute buys more output. That relationship has broken down at inference scale, and the team that fixes the data transfer problem captures an enormous amount of the value the industry is currently leaving on the floor.”

“Adding compute to an inference problem is not enough,” said Pat Gelsinger, general partner at Playground Global. “AI and Inference performance is a network problem now – the network is the AI. Delos started from the workload and let it dictate the architecture all the way down to the interface silicon. That discipline is what turns an interconnect idea into infrastructure the industry can actually deploy.”

“Compute has been the story for over a decade, but the return on an inference cluster is now set by what happens between the accelerators, and how much capital sits idle as insurance against failure,” said Christian Gallagher, general partner and co-founder at Socratic Partners. “Delos is building at that layer, with founders who have shipped data center silicon before, and doing it so that today’s GPU and accelerator ecosystems can adopt it seamlessly. We see strong demand across frontier labs, hyperscalers, neoclouds, and sovereign AI programs, and this investment reflects our confidence in the firm’s ability to become a core infrastructure provider in this space.”

“We have a history of investing in companies that are working on breakthrough technologies that can produce outsized impact,” said Dipender Saluja, managing partner at Capricorn’s Technology Impact Fund. “Delos is solving the data movement problem that Agentic AI inference is facing. This team has expertise across the full stack – architecture, software, systems, silicon, and have great momentum with customers and partners across the ecosystem.”

“Success of HardTech startups takes patience and a team that has shipped before,” said Wen Hsieh, founding managing partner at Matter Venture Partners. “This team has worked together to build data center silicon and systems at scale for two decades. Delos has built software, then an AI server, and now is building the data interface silicon that will solve the AI inference data transfer problem.”

See Delos live at AI Infra Summit
Delos Data is exhibiting at booth 1344 at the AI Infra Summit, showcasing its technology and products – including Nonstop AI Cluster Live, a showcasing of heterogeneous endpoints composed into a single data domain, moving data through the Delos Nonstop AI Data Interfaces and surviving failures without stopping the workload. Attendees can see the platform live and meet with the team.

About Delos Data
Delos Data is building Delos Nonstop AI™ for faster, stronger and more efficient inference, starting from how compute, acceleration, and data is distributed and scaled. The team is a mixture of software, systems, and silicon experts focused on delivering the world’s most capable and responsive intelligence at scale. To learn more, please visit www.delosdata.com

Press Contact
Michele Landry
Tanis Communications
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(650) 954-7720

SOURCE Delos Data