Stream, Sandbar’s private voice ring and conversational interface, mark a new step in human-computer interaction, designed for individual augmentation in an agentic world

NEW YORK, March 10, 2026 — Sandbar, an interface company based in New York City, announced today it has raised $23M in a Series A funding round led by Adjacent and Kindred Ventures, bringing total funding to $36M. The round follows a $10M Seed led by True Ventures in early 2025 and a $3M pre-seed led by Upfront Ventures and Betaworks in early 2024.

Stream, Sandbar’s first product, is a private voice ring and conversational interface. It gained early attention at launch in November through in-person demos and word of mouth — earning coverage from The Wall Street Journal, Fast Company, Bloomberg, and Wired. The funding will accelerate hiring across machine learning, interaction design, and software ahead of Stream’s Summer 2026 ship.

Sandbar was founded with a simple north star: self extension– technology that extends human agency rather than replacing it. Co-founders Mina Fahmi (CEO) and Kirak Hong (CTO) worked together at CTRL-labs—acquired by Meta in 2019 — where they worked on bridging the gap between human intent and action, including on the Meta Neural Band. At Sandbar, they’re working with a team of engineers, designers, and technologists focused on expanding human capabilities–to think, remember, and create wherever they are.

“We believe in self augmentation in an agentic world,” said Mina Fahmi, cofounder and CEO. “With the right interface, everyone should be able to develop ideas and get things done wherever they are, with the speed, privacy, and ease of thinking.”

Stream pairs Stream Ring—a private voice ring with a touchpad, personal mic, and haptic feedback–—with a conversational interface that helps you capture notes, talk through ideas, retrieve web info, and take actions on-the-go. No unlocks. No interruptions. Stream is a faster, more private way to think out loud, build on it, and act.

Unlike AI companions, Stream is designed without an identity of its own. It remembers what you share, listens only when you hold the button to speak — even at a whisper — and uses multiple AI models to organize, respond, and search the web in real time. Your data stays yours and can be shared with other apps. This spring, Sandbar will launch a closed Beta to refine software interactions and introduce Inner Voice, a feature that responds in a voice personalized to the user — creating a more natural way to develop ideas.

Sandbar’s team of 15 has shipped some consumer products including iPhone, Vision Pro, Fitbit, and Kindle. Key hires include Sam Bowen (VP of Hardware, previously Amazon, Fitbit, and Peloton) and Brooke Travis (VP of Marketing, previously Equinox, Dior, and Gap).

Pre-orders for Stream are open now at sandbar.com with early pricing. Batch 1 has sold out; Batch 2 is available now, shipping this Summer.

About Sandbar

Sandbar is an interface company based in New York City. Its mission is to bridge gaps — to better navigate the world around and inside us. Stream, its first product, is a private voice ring and conversational interface that lets people think, capture, and create wherever they are. Sandbar is backed by Adjacent, Kindred Ventures, True Ventures, Upfront Ventures, Betaworks, and others. Learn more at sandbar.com.

SOURCE Sandbar

DUBLIN, Calif., March 10, 2026 — Amber Semiconductor, a fabless semiconductor company pioneering the next generation power management for AI data centers, today announced the initial closing of its $30 million Series C financing round from new and existing investors.  

The funding will be used to scale product development, expand customer engagements, and accelerate commercialization of Amber’s breakthrough vertical power delivery solutions designed to power the rapidly growing AI infrastructure market.

Amber Semiconductor is developing disruptive power architectures that fundamentally change the way power is delivered within datacenters to the AI processors. Amber’s PowerTile™ technology allows backside placement on the server board, delivering power through a vertical path and reducing power distribution losses to the processor by more than 85%. As AI workloads continue to expand, Amber’s solutions address critical challenges in power scalability, thermal management, and space constraints in modern AI data centers.

“AI data centers are entering a new era where power delivery is becoming a key performance differentiator,” said Thar Casey, Founder and CEO of Amber Semiconductor. “This financing marks an important milestone as we continue to execute on our vision of transforming power delivery for AI. The strong support from our investors reflects growing confidence in our technology and the critical role it will play in enabling the next generation of AI computing.”

The announcement follows Amber’s recent successful tape-out of its PowerTile™ vertical power delivery solution, completed this January. By delivering power through a vertical path rather than traditional lateral distribution, Amber’s PowerTile™ significantly improves efficiency and scalability for AI systems.  AmberSemi will begin shipping to major customers in Q3 of 2026.

In addition, Amber will be chairing an industry session at the Applied Power Electronics Conference (APEC) 2026 in March, titled “Vertical Power for AI Data Centers”. Presenting with Amber will be representatives from AMD, Nvidia, and Global Foundries. The session will highlight emerging trends, system-level innovations, and the growing importance of vertical power architectures shaping the future of AI infrastructure.

About Amber Semiconductor

Amber Semiconductor, based in Silicon Valley, is a fabless semiconductor company pioneering advanced power management solutions for AI data centers and more.  With its breakthrough PowerTile™ technology, Amber’s innovative vertical power delivery architecture delivers unprecedented power density and efficiency to high-performance processors such as AI, servers, and FPGAs in space-constrained applications.

With over 50 U.S. patents secured, Amber is a member of the Global Semiconductor Alliance (GSA) and is widely recognized for the impact of its technologies. The company has earned honors including Fast Company‘s Next Big Thing in Tech, consecutive Edison Awards for Innovation, inclusion in EE Times‘ 100 Startups Worth Watching, and more.

Learn more at www.ambersi.com and follow us on LinkedIn.

SOURCE AmberSemi

New capital will accelerate the development of industry’s first end-to-end satellite platform engineered for returnable payloads

DENVER, March 10, 2026 — Lux Aeterna, a next-generation space infrastructure company transforming the economics of the orbital supply chain through reentry and redeployment, today announced a $10 million oversubscribed seed round. Konvoy led the round with participation from Decisive Point, Cubit Capital, Wave Function, and others, as well as follow-on investment from Space Capital, Dynamo Ventures, and Channel 39. The funding will accelerate the development and manufacturing of the company’s flagship spacecraft, Delphi, which has already sold out its entire available payload capacity for its inaugural mission slated for Q1 2027.

The investment signals a shift away from the “one-way” logistics model that has historically hindered the orbital economy. While reusable launch vehicles have drastically reduced the cost of reaching space, the industry has lacked a reliable, cost-effective way to bring assets back down. As a result, billions of dollars’ worth of sophisticated hardware have become orbital debris or burned up in the upper atmosphere, representing a substantial loss of both capital and engineering that stifles the industry’s ability to scale.

Lux Aeterna is solving this bottleneck. Led by veteran space hardware engineers with extensive in-space mission experience, Lux Aeterna pairs a flight-proven conical heat shield with a modular satellite bus architecture engineered for reentry and rapid ground-based refurbishment. This integrated approach, combined with the company’s end-to-end service model, transforms the satellite from a disposable, single-use consumable into a redeployable asset, creating the first-ever circular supply chain for orbital operations.  

“The future of the space economy will be built on fleets that return to Earth reliably and relaunch almost instantly,” said Brian Taylor, Founder and CEO of Lux Aeterna. “Our approach moves space operations away from a ‘launch-and-burn’ cycle and toward a more capable, cost-effective paradigm that supports downstream mass, manufacturing, and defense applications. As a result, we’re unlocking use cases, economics, and business models that were previously impossible or impractical to execute.”

The new capital provides a runway for the company’s first demonstration launch and reentry, scheduled for Q1 2027. The mission will mark a historic industry milestone as the first demonstration of a fully reusable satellite platform. It will see the Delphi spacecraft launch, host multiple orbital payloads, reenter the atmosphere, and be recovered for refurbishment and redeployment. Customers for the fully sold-out mission include a cross-section of commercial and defense leaders specializing in hypersonic testing, on-orbit compute, and in-space manufacturing.

“Lux Aeterna is the first company building a returnable fleet that truly compresses mission timelines and costs,” said Josh Chapman, Managing Partner at Konvoy. “With a team that has launched thousands of satellites, they have the unique expertise required to build a fleet of reentry satellites that will create a new category in the space industry, yet one that feels familiar to airline fleets on earth. We believe they’re on the cusp of unlocking an entirely new market for space missions that simply hasn’t existed until now.”

Beyond commercial customers, Lux Aeterna’s approach has also gained significant government validation. The company secured a Space Act Agreement with NASA Ames and two Cooperative Research and Development Agreements (CRADAs) to support its reentry and thermal protection technologies. Additionally, Lux Aeterna has formed a Defense Advisory Board to provide strategic guidance as the company scales to meet the U.S. Department of War’s (DoW) requirements for dynamic space operations and resilient orbital infrastructure.

For more information, visit www.luxaeterna.com.

About Lux Aeterna

Lux Aeterna is transforming orbital operations with the world’s first reusable satellite platform, engineered for high reliability, accurate reentry, and rapid redeployment. Based in Denver, Colorado, the company supports defense, commercial, and space manufacturing customers through a flexible, fleet-based model built to scale with the future of launch.

SOURCE Lux Aeterna

New funding fuels platform innovation and expansion of trusted enterprise risk intelligence, AML and KYC solutions for financial institutions and fintechs worldwide

NEW YORK, March 10, 2026 — Sigma360, the full-stack AI platform for risk intelligence, financial crime prevention and compliance, announced an oversubscribed $17.3MM Series B funding round led by Moderne Ventures with participation from Vocap Partners and Orrick, as well as follow-on investment from Contour Ventures and Mosaik Partners.

Over the last two years, Sigma360 achieved 5X growth, reaching profitability in 2025, 140%+ Net Revenue Retention (NRR) and 95% Gross Revenue Retention (GRR), positioning it as a clear leader in a rapidly changing market. The company’s platform now protects over $2 trillion in assets and company value, as well as billions of dollars in transactional value each month across banking, payments, fintechs and globally exposed corporations.

The new capital will be used to strengthen Sigma360’s proprietary risk intelligence datasets, deepen AI automation capabilities, and expand the company’s global go-to-market presence across banks, payment providers and other regulated financial institutions.

“We live in an increasingly risk-on world, where financial crime is evolving faster than traditional approaches can keep up,” said Stuart Jones, Jr. “To solve this, we’ve built the first full-stack platform that unifies risk data, intelligence, core technology, and AI – accelerating and strengthening decisioning across every level to help our clients manage risk, meet regulatory expectations and protect the integrity of the global financial system.”

Jones founded Sigma360 following a career in the U.S. Treasury Department and National Counterterrorism Center, leading counterterrorism and anti-corruption operations in D.C. and on-the-ground in Afghanistan and the Arabian Gulf following 9/11. Seeing firsthand how legacy KYC and screening systems failed global banks and payment companies, he launched Sigma360 to democratize access to high-performance, purpose-built solutions.

Complex, cross-border financial crime has exposed the limits of decades-old KYC, AML and screening approaches. Institutions face mounting regulatory expectations, increasing geopolitical risk, growing screening volumes and resource-constrained compliance teams that face false-positive rates of over 90%.

“Sigma360 is redefining a $300 billion financial crime compliance industry by building trusted AI infrastructure for highly regulated markets,” said Liza Benson, Partner, Moderne Ventures. “For Moderne, the opportunity is compelling because we believe Sigma360 will materially reduce operational burden and regulatory risk across our industries, where compliance costs are high and enforcement actions reach into the millions and billions. For our partners across real estate, insurance and financial services, Sigma360 will drive faster onboarding, lower compliance headcount and create stronger risk controls.”

The company was named the #1 adverse media screening platform by Chartis Research in 2025 and 2026, a KYC and screening quadrant leader in 2025, and is recognized as an accurate and complete AI automation tool for financial crime prevention in numerous independent benchmarking exercises.

About Sigma360
Sigma360 is an AI-powered, full-stack risk intelligence platform that consolidates operations into one enterprise-grade system, enabling point-in-time risk screening and perpetual client monitoring for financial crime prevention and compliance operations. Sigma360 unifies global risk data, proprietary intelligence, core screening technology and AI automation in a secure cloud environment to find direct and network-based risks at sub-second speed, reduce false positives and strengthen risk and compliance operations.

Founded by former U.S. Treasury Department and National Counterterrorism Center official Stuart Jones, Jr., Sigma360 is driven by a mission to strengthen the global financial system by delivering trusted AI-powered infrastructure that transforms how institutions prevent financial crime and manage risk. Trusted by banks, fintechs, payments providers and other regulated institutions worldwide, the company protects trillions of dollars in assets and billions of dollars in monthly transaction value. Follow us on LinkedIn and www.sigma360.com.

About Moderne Ventures
Moderne Ventures is a strategic venture capital firm with an 18-year track record, generating top-tier returns across five funds with over $600M AUM. Moderne is a generalist investor with vertical expertise – the firm invests in transformative technologies like AI, SaaS, robotics, fintech, and digital transactions and brings them to antiquated, trillion-dollar industries like real estate, finance, insurance and beyond. Moderne’s unfair advantage: Moderne Passport Program – a proprietary network of 1,500+ executives and corporations we activate systematically to drive explosive growth for portfolio companies. 

Moderne has invested in 50+ companies with additional equity in 160+ Moderne Passport companies including lead investments in market leaders like DocuSign, ICON, Caribou, Mesh, Proof, Porch, and Xeal.

About Vocap Partners 
Vocap Partners provides capital, connections, and operational know-how to emerging software companies at the Series A and B stage. The firm has a strong track record of helping founders build and realize value.

Press Contact: 
Jackie Lucas
Chief Commercial Officer, Sigma360
[email protected]
978-255-1159

SOURCE Sigma360

CHICAGO, March 10, 2026 — BiteZen, a Colorado-based dental technology company, announced a strategic investment from Dr. Arash Hakhamian, Founder and CEO of Dentulu, following BiteZen’s top prize win at the Dental Tech Shark Tank event during the 2026 Dental VIP Summit in Chicago.

Dr. Hakhamian has committed $50,000 in seed capital, and Dentulu is working with BiteZen to organize a Special Purpose Vehicle (SPV) intended to support the completion of the company’s $1,000,000 seed round. The partnership also includes strategic collaboration to accelerate adoption of BiteZen’s technology across dental labs and providers nationwide. Dentulu is one of the largest teledentistry networks connecting patients with licensed dentists through a digital care platform.

A recording of BiteZen’s winning pitch from the Dental Tech Shark Tank event can be viewed here: Bitezen – Dental Tech Shark Tank

BiteZen’s technology enables dental labs to embed sensing capabilities into traditional night guards and other oral appliances, allowing labs to convert standard appliances into connected devices capable of monitoring clenching, grinding, wear patterns, and patient compliance.

“Large manufacturers have spent years and millions building proprietary smart technologies. Most independent labs simply cannot absorb that level of R&D investment,” said Dr. Hakhamian. “BiteZen gives them immediate access to smart capability without rebuilding their operation. That levels the playing field.”

He added, “What excites me most about BiteZen is that this is not just a single-product company. The technology can extend across night guards, aligners, dentures, and other oral appliances. That platform potential is where long-term value is created.”

BiteZen has secured six pilot partnerships with dental laboratories across the United States. Named partners include Drake Dental Lab and IDT Dental Lab.

“The lab market is becoming increasingly competitive,” said Darrick Hartman, owner of JR Dental Lab. “Offering smart appliances powered by BiteZen allows us to differentiate in a meaningful way. Instead of competing on price alone, we can offer dentists measurable compliance and patient data.”

In addition to Dr. Hakhamian’s investment, Colorado-based venture capital firm Howdy Partners has committed $250,000 toward BiteZen’s current seed round.

“Dr. Hakhamian’s investment is more than capital. It is strategic validation from one of the most respected operators in dentistry,” said Brock Predovich, Founder and CEO of BiteZen. “Dentulu’s network and distribution capabilities dramatically accelerate our ability to scale.”

BiteZen is focused on expanding pilot partnerships with dental laboratories and advancing commercialization of its sensing platform across the dental industry.

About BiteZen

BiteZen is a Colorado-based dental technology company dedicated to transforming traditional oral appliances into connected devices that enable data-driven insights for dentists, dental labs, and patients.

Media Contact:
Arash Hakhamian
Founder & CEO, Dentulu
[email protected]
310.666.5701

SOURCE BiteZen

Backed by Victory Square Technologies, the venture platform opens applications and assembles a global advisory board to support founders building across the animal health ecosystem.

VANCOUVER, BC, March 10, 2026 – As innovation accelerates across the global pet economy, a new venture platform is emerging to support founders building the next generation of animal health companies. Pawsible Ventures today announced the launch of its Pet Health Incubator alongside their Board of Advisors, bringing together veterinarians, entrepreneurs, and industry leaders to back founders across the animal health ecosystem.

The announcement arrives as the global pet care economy surpasses $270 billion annually and is projected to approach $500 billion by 2034, fueled by rising veterinary spending, longer pet lifespans, and the continued humanization of pets. Yet despite the scale of the opportunity, early-stage founders in pet health routinely navigate fragmented infrastructure: veterinary partnerships, regulatory complexity, capital access, and distribution, all without specialized support. Pawsible was built to close that gap.

A Venture Platform Built for Animal Health Innovation

Pawsible Ventures operates as both an incubator and venture studio, helping founders move from early concept to scalable company through a combination of capital, mentorship, veterinary expertise, and commercialization support. Unlike traditional accelerators, Pawsible works hands-on with founders to validate demand, develop products, navigate regulatory pathways, and accelerate go-to-market.

The platform launched in 2025 with a $10 million Fund I and focuses on innovation across key segments of the pet health ecosystem:

• Veterinary diagnostics
• Pet health technologies
• Digital veterinary care platforms
• Therapeutics and biologics
• Insurance and financial services for pet owners
• Preventive wellness solutions

“After speaking with more than 300 founders across the pet and animal health ecosystem, the pattern became very clear,” said Alex Chieng, Co-Founder and Managing Partner of Pawsible Ventures. “Pet health is one of the fastest-growing sectors globally, yet early-stage founders often lack access to the specialized support needed to move from concept to company. Pawsible provides the infrastructure, capital, expertise, and partnerships this category has been missing.”

Strong Global Founder Pipeline

Over the past year, Pawsible has engaged with more than 300 startups globally, identifying a growing wave of founders building innovative solutions in veterinary diagnostics, AI-powered pet health tools, preventive care platforms, therapeutics, insurance, and digital tools for veterinary practices.

The inaugural cohort will include five to seven companies, selected for structured programming, mentorship from industry leaders, and direct access to veterinary professionals, investors, and commercialization partners. The first cohort is designed as the foundation for a broader platform, one intended to repeatedly launch and scale companies across the global pet health ecosystem.

Global Advisory Board

To support the incubator and broader platform, Pawsible has assembled a Board of Advisors spanning veterinary medicine, entrepreneurship, and pet healthcare innovation. Advisors will participate in founder sessions, office hours, and strategic discussions throughout the program.

Joseph Coury
Founder, CFO, and startup advisor working at the intersection of veterinary medicine, finance, and innovation. He serves as CFO and Worker-Owner at Urban Animal, a multi-location veterinary group in Seattle transitioning into one of the largest worker-owned veterinary cooperatives in the United States, and is Co-Founder of Yumby, a pet technology company focused on canine oral health.

Dr. William Thomas
Veterinarian and Founder of Animal Doctors International, where he built a leading international veterinary group across Southeast Asia. He combines clinical expertise with experience raising and deploying growth capital while scaling cross-border veterinary operations, and serves as a Global Board Member of Animals Asia.

Dr. Adam Little
Veterinarian and entrepreneur focused on innovation at the intersection of technology and animal health. He previously served as Director of Entrepreneurship and Innovation at the Texas A&M College of Veterinary Medicine & Biomedical Sciences and was the Co-Founder of GoFetch, a pet-care platform focused on loyalty and subscription services.

Kimball Carr
Entrepreneur and executive with decades of experience building and scaling companies across public and private markets. He has held senior leadership roles at Banfield Pet Hospital and is the current Founder and CEO of Inspire Veterinary Partners, with expertise spanning SaaS, consumer products, and veterinary health.

Dr. Christina V. Tran
Veterinarian, educator, and academic leader with experience across clinical practice, veterinary education, and healthcare governance. She has held faculty and leadership roles at multiple veterinary institutions and currently serves as Executive Associate Dean for the proposed DVM program at Roseman University of Health Sciences.

Dr. Andrew Findlaytor
Veterinarian, entrepreneur, and technology leader focused on building scalable solutions for modern veterinary care. He serves as a Senior Director at The Farmer’s Dog and is the Co-Founder of Vetsie, translating real veterinary workflows into practical digital tools that improve care delivery for veterinary teams and pet owners.

Backed by Victory Square Technologies

Pawsible Ventures is supported by Victory Square Technologies (CSE: VST), a publicly traded venture builder with more than a decade of experience launching and scaling companies across digital health, artificial intelligence, and emerging healthcare infrastructure. Through the partnership, portfolio companies gain access to capital markets expertise, operational support, and a broader ecosystem of technology and healthcare innovators.

“Category-specific venture platforms are where we believe the next wave of durable value will be built,” said Shafin Diamond Tejani, Founder and CEO of Victory Square Technologies. “The most successful venture ecosystems begin with a focused community of founders, operators, and capital and evolve into platforms that repeatedly launch new companies. That is the long-term vision behind Pawsible.”

Applications Now Open

The first Pawsible Ventures Pet Health Incubator cohort launches in March 2026. Founders building in pet health, veterinary medicine, diagnostics, therapeutics, or digital veterinary care are encouraged to apply.

Selected companies will receive:

• Structured founder programming
• Veterinary mentorship and industry guidance
• Investor introductions
• Regulatory and commercialization support

Apply Now: https://www.f6s.com/pawsible-ventures-incubator/apply 

About Pawsible Ventures

Pawsible Ventures is a pet health-focused venture fund and studio building the infrastructure for the next generation of animal health and wellness companies. Operating at the intersection of healthcare, artificial intelligence, diagnostics, insurance, and consumer wellness, Pawsible combines capital, incubation, and early distribution support under one platform, enabling founders to move from idea to impact faster than traditional venture models allow.

Through its $10 million Fund I, Pawsible backs and co-builds companies at the earliest stages of formation, embedding product strategy, regulatory insight, clinical access, and commercialization support directly into company creation.

Learn more: www.pawsible.vc

SOURCE Pawsible Ventures

Uzum obtiene más de 130 millones de dólares en inversión estratégica liderada por las entidades soberanas del Sultanato de Omán

TASHKENT, Uzbekistán, 10 de marzo de 2026 — Uzum (la “Compañía“), el ecosistema digital líder de Uzbekistán, se complace en anunciar el cierre de una inversión estratégica que supera los 130 millones de dólares, respaldada por las entidades soberanas del Sultanato de Omán (el “Inversor“).

La transacción combina capital primario y capital estructurado y establece un punto de referencia de valoración prefinanciada de 2.300 millones de dólares, con condiciones de conversión vinculadas a la próxima ronda de financiación cualificada de la Compañía. La inversión supone un avance significativo respecto a las rondas de financiación anteriores de Uzum y refuerza sustancialmente el posicionamiento de la Compañía de cara a su Serie B.

La transacción también incluye la participación de los accionistas internacionales existentes VR Capital, Tencent y FinSight Ventures, lo que subraya la fuerte confianza internacional en el crecimiento a largo plazo de Uzum y en la economía digital en rápida expansión de Uzbekistán.

El capital se utilizará para acelerar la siguiente fase de crecimiento de Uzum en sus principales verticales (comercio electrónico, banca digital, pagos y préstamos al consumo), con el objetivo de ampliar la gama de productos, fortalecer la infraestructura y ampliar el acceso a los servicios digitales en todo el país. Uzum ha construido un ecosistema totalmente integrado que combina comercio y tecnología financiera a escala nacional. Sus plataformas, que incluyen Uzum Market, Uzum Tezkor, Uzum Bank y Uzum Nasiya, son utilizadas por más de 20 millones de personas, lo que representa más de la mitad de la población de Uzbekistán.

Convicción global en la historia de crecimiento de Uzbekistán

El inversor aporta una amplia experiencia regional y un fuerte enfoque en los mercados de consumo y tecnología de alto crecimiento. Esta alianza refleja el creciente interés internacional en Uzbekistán como una de las economías digitales emergentes más atractivas del mundo.

“Esta inversión es un fuerte respaldo a la estrategia de Uzum y al potencial digital de Uzbekistán”, comentó Djasur Djumaev, fundador y consejero delegado de Uzum.

“Nos centramos en construir una infraestructura a escala nacional, impulsada por la tecnología, inclusiva y diseñada para el uso diario de millones de personas y empresas. El apoyo del inversor, junto con el de nuestros accionistas globales actuales, nos da un fuerte impulso mientras nos preparamos para la Serie B y seguimos expandiendo nuestro ecosistema”.

Uzum fue asesorado en esta transacción por DLA Piper. El inversor fue asesorado por Greenberg Traurig.

Foto – https://mma.prnewswire.com/media/2929184/Uzum_Holding_LTD.jpg
Logo – https://mma.prnewswire.com/media/2067732/5445555/Uzum_Group_Logo.jpg

NEW YORK, March 10, 2026 — Siderofsky Strategic Advisors LLC today announced that its Founder and Managing Principal, Stephen Siderow, has been named a Senior Advisor and Operating Partner to the general partner of RE VC, a real estate tech venture capital fund manager. In this capacity, Mr. Siderow will provide strategic advice, while also playing an active role in helping the leadership of RE VC to build, operate and scale the firm’s fund management business.

RE VC was founded in 2022 to capture the opportunities that are being created as innovative technologies, including AI, continue to disrupt such multi-trillion-dollar verticals within the real estate ecosystem such as prop-tech, construction-tech and RE finance. A new McKinsey Global Institute analysis suggests that automation, including AI applied to knowledge work, could unlock roughly $430–$550 billion in annual value globally across real estate, construction, and development. Funds managed by RE VC invest in early stage real estate tech start-ups, while also providing portfolio companies with access to industry expertise through the strategic, operational and financial experience of the firm’s partners and outside advisors.

Through Siderofsky Strategic Advisors, Mr. Siderow is an advisor to investment managers, fintech companies and other growing enterprises. He is also the former President and Co-Founder of BlueMountain Capital Management. His leadership helped BlueMountain, a diversified alternative asset management firm established in 2003, grow to $23 billion in AUM across 300+ professionals globally, navigating complex investment strategies and institutional partnerships. Mr. Siderow currently advises a number of innovative companies, including Allposit Inc., which delivers integrated digital platforms to the wealth management sector; NewVest, a pioneer in passive index investing for private markets; and Barsys, a maker of AI-enabled cocktail machines.

“We are delighted and proud to welcome Stephen as a Senior Advisor and Operating Partner,” said Alon Gorbonos, General Partner of RE VC. “RE tech is one of the fastest growing segments of the VC market, and Stephen’s vast institutional experience in building and growing significant investment management businesses will help position us to realize the exciting potential we see in the space.”

“Alon and the other RE VC partners are seasoned investors with a deep understanding of diverse aspects of the real estate markets, as well as the opportunities that will be generated by the application of new RE technology,” noted Mr. Siderow. “It’s an honor to be working with them and I look forward to applying my experience and perspective to help the firm advance its investment strategy.”

RE VC’s General Partner, Alon Gorbonos, was previously the Co-Founder and Managing Partner of DTI Holdings, a vertically-integrated private equity real estate fund. Earlier, he was a senior investment manager at MIO Partners, McKinsey & Company’s internal Investment Office, where he helped establish a PE investment fund of funds. Prior to MIO Partners, he worked as a strategic consultant for McKinsey & Company, managing private equity client engagements. He also has served as an Officer in the Intelligence Corps of the Israel Defense Forces.

About Siderofsky Strategic Advisors

Siderofsky Strategic Advisors LLC, founded and led by Stephen Siderow, is an advisor to innovative, growing businesses, with a focus on financial services, alternative asset management and technology companies. The firm leverages Mr. Siderow’s 30+ years of business experience, extensive global relationships and strategic insights as a founder to help early stage companies catalyze growth and effectively manage the challenges and opportunities of fast-growing businesses.

SOURCE Siderofsky Strategic Advisors LLC

Revenues Grew 740%+ in 2025 and Targets $4 Billion in Annualized Processing Volume in 2026
***
CityMD Founder Dr. Richard Park joins Board
***
Watch the founder video and blog post

NEW YORK, March 10, 2026 — Nitra, the leading AI-native, all-in-one operating platform for healthcare practices and their back offices, today announced $187 million in financing across its Series A and Series B rounds, venture debt, and warehouse facility, bringing the company’s total capital raised to $205 million and total equity raised to $90 million.

The funding follows a breakout year for Nitra, which grew revenues 740%+ in 2025, surpassing $1 billion in annualized processing volume as healthcare practices increasingly expand uses of AI beyond clinical decision support and scribing into administration, finances and inventory, and the back office.

The financing includes $72 million of new equity across a $50 million Series B round and a previously unannounced $22 million Series A completed in August 2025 from investors including Actions Capital, AppWorks, Comma Capital, Dunamu & Partners, Era Funds, New Enterprise Associates (NEA), Pantera Capital, and Sazze Partners.

The financing also included participation from AAF, Gaingels, Hyphen Capital, K8, Mana Ventures, Necessary Ventures, PIDC/Uni-President, Purestone Silks, SignalRank, Simu Liu’s Markham Valley Ventures, Soma Capital, and others.

The company also secured $20 million in venture debt from Avenue Capital Group and an expanded $95 million warehouse facility from Treville Capital Group and Encina Lender Finance, LLC.

Dr. Richard Park, founder and former CEO of CityMD, joined Nitra’s Board of Directors. CityMD merged with Summit Health, and the combined company was acquired by VillageMD (owned by Walgreens) for $8.9 billion in 2023. Today, Dr. Park oversees Ascend Partners as the co-founder and Managing Partner. His appointment adds deep operational healthcare experience as the company scales its platform.

Healthcare is a nearly $5.9 trillion industry in the United States, yet an estimated 25% of spending goes toward administrative costs. Medical practices still rely on fragmented systems for payments, procurement, inventory, scheduling, and insurance verification.

Launched in 2024 by Tim Hwang (CEO) and Jonathan Chen (President), Nitra’s platform embeds AI agents directly into the operational backbone of practices. Nitra gives physicians, who are overwhelmed by administrative overload, complete control over their back office and administrative functions. Nitra’s all-in-one platform for healthcare practices now includes:

• Financial Automation, offering a Visa-powered expense card, expense management, bill pay, patient payment processing, and AI agents for healthcare accounting automation;
• Commerce and Inventory, providing direct access to tens of thousands of biopharmaceuticals and medical equipment products in partnership with firms like McKesson and Medline. Nitra’s AI procurement agents handle suppliers, negotiate prices, onboard vendors, execute purchases, and monitor inventory end-to-end, and
• Patient Management, launched this month, powers voice AI agents for patient scheduling and insurance eligibility checks. The system integrates scheduling, benefits verification, and patient communication into the broader operational stack, reducing administrative burden for healthcare practices.

In 2025, the company grew by over 740% from $4 million of annualized revenues to over $33 million in a single year. This growth was powered by a platform that is now used by thousands of doctors in over 700 clinics and processed over $1 billion in annualized volumes across its platform. In December of 2025, Nitra supported upwards of $9 million in high-stakes, patient-critical biopharma and medical purchases for physicians in a single day.

The company is on track to cross over 3,000 clinics, more than $150 million of annualized revenues, and over $4 billion in annualized processing volumes in 2026. As part of its growth, the company has announced that headcount is expected to grow from 50 people last year to over 200 by the end of 2026 and plans to launch additional AI modules in revenue cycle management, patient marketing, and payroll/staffing. With this raise, Nitra plans to accelerate AI development, expand its engineering team, and scale its operating system across thousands of healthcare practices nationwide.

“We’re on a mission to serve the people that serve our communities and help doctors save time and money,” said Tim Hwang. “Practices are running critical workflows across disconnected systems that were never designed to work together. Nitra brings those layers together into a single AI-native operating system that helps healthcare practices run their operations more efficiently.”

Nitra has attracted some of the most prominent healthcare practices in the country, such as Bay Area Retina Associates, Southern Vitreoretinal Associates (SVA), Elase Medspa, PhyNet Dermatology, Brandywine Urology, and Empower Aesthetics.

“Nitra is creating a new category of platform for healthcare practices,” said Adarsh Bhatt, General Partner at Comma Capital. “From the beginning, we viewed the fintech entry point as the wedge into a much larger opportunity to build the AI-native operating platform for healthcare providers. Since our seed investment, the Nitra team has consistently executed on that vision. As someone who regularly speaks with clinicians and practice owners, it’s clear there is a strong demand for modern financial and operational infrastructure purpose-built for healthcare practices. This round positions Nitra to deepen that platform and expand the capabilities providers rely on every day.”

“Providing $20 million in venture debt reflects our conviction in the Nitra team and the company’s momentum,” said Dan Holman, Senior Portfolio Manager for Avenue Capital Group’s Growth Lending Strategy. “Tim Hwang and Jonathan Chen are exceptional founders with a strong track record of building and scaling ambitious platforms, and we believe Nitra is well positioned to become critical infrastructure for healthcare practices.”

Nitra previously raised its Seed round in 2022 from investors including Andreessen Horowitz, NEA, Pantera, KB Financial Group, Jerry Yang/AME Cloud Ventures, Gold House Ventures, Primer Sazze, Will Smith and Keisuke Honda’s Dreamers VC, Sparklabs, Expa, Era, Comma Capital, Dunamu and Partners, etc. and others.

About Nitra

Nitra is an AI-native operating system for healthcare practices to run their business and back office. The platform spans finance, procurement, a medical supplies marketplace and patient administration, automating workflows like payments, purchasing, inventory, scheduling, insurance verification, and patient communication. By embedding AI directly into its infrastructure, Nitra unifies these functions into a single system, reducing manual administrative work and improving operational visibility.

Media Contact
Jessica Ortiz, VP
Ditto PR
[email protected]

SOURCE Nitra