NEW YORK, March 9, 2026 — KAST, a global financial platform built on stablecoin rails founded by former Circle Executive Raagulan Pathy, has raised $80 million in a Series A funding round co-led by QED Investors and Left Lane Capital and including participation from returning investors Peak XV Partners, HSG and DST Global Partners, as investors increasingly back stablecoins as a foundational layer for modern financial services. 

The funding comes as stablecoin usage accelerates globally, particularly across emerging markets and internationally mobile workforces, where demand for fast, dollar-denominated money movement is outpacing traditional correspondent banking infrastructure. KAST will use the capital to expand across Latin America, North America and the Middle East, as well as accelerating licensing, compliance, product development and headcount growth.

Founded in July 2024, KAST provides USD-denominated accounts, global pay-ins and payouts to more than 190 countries, and a growing suite of consumer and business financial tools built on stablecoin rails rather than legacy settlement networks. 

Since launch, KAST has scaled to more than one million users and is processing nearly $5 billion in annualized transaction volume, reflecting the growing adoption of stablecoin-based financial services beyond trading and crypto-native use cases. The company expects revenue to reach $100 million annual run rate in 2026, with both users and revenue currently growing approximately 15-20% month-on-month. KAST’s revenue has doubled since the end of September 2025.

According to Artemis Analytics, global stablecoin transaction volume grew 72% last year to more than $33 trillion, exceeding the combined on-chain settlement volumes of major global card networks, a shift investors increasingly view as structural rather than cyclical. To support this growth, KAST has hired more than 250 employees across engineering, compliance and operations recruiting from firms including Stripe, Revolut, Binance, Circle, and Airwallex. 

Speaking on the investment, Raagulan Pathy, Founder and CEO of KAST, said: “The latest funding, raised less than 18 months from launch, reflects the confidence of leading investors in the stablecoin neobank thesis – and in Kast’s ability to execute it at global scale. 

KAST’s mission is to build the future of finance, powered by stablecoins and designed for the founders, creators and forward thinkers left behind by the traditional banking system. The platform is built for the global ambitions of individuals, not simply finance around processes and platforms, so they can get to wherever they want in life.

Our end game is clear, to be the leading neobank for the stablecoin world, both for consumers and businesses. The pace at which we move, the team, and the world-class talent we’re attracting will play out further in 2026 and beyond.

Nigel Morris, Co-Founder and Managing Partner at QED Investors, said: “Stablecoin technology holds the potential to reshape the future of finance. We are thrilled to lead this round at KAST, and I am particularly pleased that Sandeep Patil will be joining the board to support them in scaling with the discipline of a true financial institution. KAST has a clear ambition and strong execution, and we look forward to being part of their growth journey.”

Sandeep Patil, Partner at QED Investors, said: “Fintech is a trust business disguised as software, and stablecoins are rapidly becoming the always-on dollar layer for moving and holding value across borders and assets. KAST is building on this layer with a clear wedge and already showing strong customer traction. I am excited to partner with Raags and the team as they scale KAST into a stablecoin-native financial institution.”  

Matthew Miller, Managing Partner at Left Lane Capital, said: “Over the past several years, we’ve seen stablecoins emerge as critical infrastructure within the global financial system. We believe 2026 could represent a meaningful inflection point as consumer-facing platforms begin bringing that infrastructure to the mainstream. Individuals and businesses operating across borders deserve a seamless way to bank, spend, and save – without hidden fees, friction, or exposure to currency depreciation. KAST combines a forward-looking regulatory posture, a compelling product and brand, and an exceptional executive team to capitalize on this generational opportunity. We’re proud to partner with Raags and the entire KAST team as they enter this next phase of growth.”

Cypherpunk expands its holdings with new $5M investment in Zcash company, ZODL, alongside key investors including a16z, Winklevoss Capital, Coinbase, Paradigm, Chapter One, David Friedberg, Balaji Srinivasan, and others

CAMBRIDGE, Mass., March 9, 2026 — Cypherpunk Technologies Inc., (Nasdaq: CYPH) today announced the company has invested $5M into Zcash Open Development Lab (ZODL) marking its first technology investment outside of ZEC. ZODL was founded and is led by former Electric Coin Company (ECC) CEO Josh Swihart.

At ECC, Josh and his team, who have joined him at ZODL, launched the top Zcash wallet, Zashi, now rebranded to Zodl. Zashi was arguably the single biggest factor responsible for putting Zcash back on the map last year. In particular, its simple UX allowed for the Orchard shielded pool to grow from ~1M ZEC to ~4M ZEC during the span of 2025.

ZODL, which now houses the Zashi wallet technology and related intellectual property, aims to make Zcash easier to use with continued development of the wallet, as well as supporting Zcash at the protocol level.

The new investment strongly aligns with Cypherpunk’s mission of advancing technologies that guarantee privacy for all humans on the internet and gives its shareholders exposure to a private company building critical privacy infrastructure on the frontier.

“True to their name, Cypherpunk is backing the builders who will put shielded ZEC in the hands of billions. We’re grateful for their support and proud to partner with them in bringing private digital money to the global mainstream.” – Josh Swihart, CEO of ZODL

The investment in ZODL is highly synergistic with Cypherpunk’s ZEC treasury.

“As ZODL makes Zcash easier to use, we expect adoption of the protocol to grow alongside demand for ZEC.” – Cameron and Tyler Winklevoss

Swihart joined Cypherpunk in December as a strategic advisor. Cypherpunk’s current total ZEC holdings stand at 294,743.10, at an average price of $335.89, bringing the company’s total network ownership to ~1.78%.

“ZODL and Cypherpunk are the two most important companies in privacy. We’re excited to embark together on this mission of accelerating technology that defends self-sovereignty and secures human freedom.” – Will McEvoy, Chief Investment Officer of Cypherpunk

About Cypherpunk

Cypherpunk Technologies Inc. is a privacy technology company implementing a digital asset treasury strategy anchored by Zcash and, through its subsidiary Leap Therapeutics, Inc., is developing novel therapies for patients with cancer. The Company is aiming to build long-term shareholder value by acquiring ZEC, participating in the development of privacy technologies and Zcash, and continuing the development of sirexatamab and FL-501 to treat patients with cancer. For more information about the Company, visit our websites at http://www.cypherpunk.com and http://www.leaptx.com or view our public filings with the SEC that are available via EDGAR athttp://www.sec.gov or via https://investors.leaptx.com/.

About Winklevoss Capital

Winklevoss Capital is an investment firm founded in 2012 by Cameron and Tyler Winklevoss that invests in frontier technologies.

FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Forward-looking statements address various matters including statements relating to the investment in Zcash Open Development Lab (“ZODL”), ZEC, or digital assets held or to be held by the Company, the expected future market, price and liquidity of ZEC or other digital assets the Company acquires, the macro and political conditions surrounding Zcash or digital assets, the Company’s plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, competitive position and the interest of other corporations in similar business strategies, technological and market trends, and future financial condition and performance. Risks and uncertainties of the digital asset treasury strategy include, among others: (a) the risk that the Company will fail to realize the anticipated benefits of the investment in ZODL and the digital asset treasury strategy; (b) changes in business, market, financial, political and regulatory conditions; (c) risks relating to the Company’s operations and business, including the highly volatile nature of the price of cryptocurrencies, including ZEC; (d) the risk that the price of the Company’s Common Stock may be highly correlated to the price of ZEC or other digital assets that it holds; (e) risks related to increased competition in the industries in which the Company does and will operate; (f) risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally; and (g) risks relating to the treatment of crypto assets for U.S. and foreign tax purposes. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements. The Company may not actually achieve the forecasts disclosed in such forward-looking statements, and you should not place undue reliance on such forward-looking statements. Such forward-looking statements are subject to a number of material risks and uncertainties including but not limited to those set forth under the caption “Risk Factors” in the Company’s most recent Annual Report on Form 10-K filed with the SEC, or as may be included in other reports or information we file with the SEC, as well as discussions of potential risks, uncertainties, and other important factors in its subsequent filings with the SEC. Any forward-looking statement speaks only as of the date on which it was made. Neither the Company, nor any of its affiliates, advisors or representatives, undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date hereof.

CONTACT:

Douglas E. Onsi
President & Chief Executive Officer
Cypherpunk Technologies Inc.
617-714-0360
[email protected] 

For Media:
Jacqueline Ortiz Ramsay
It Factor Strategies
954-294-3249
[email protected] 

For Investors:
Matthew DeYoung
Investor Relations
Argot Partners
212-600-1902
[email protected]

SOURCE Cypherpunk Technologies Inc.

Esta ronda de Serie C apoya la aceleración de las implementaciones de infraestructura de IA de Nscale a nivel mundial, valorando a Nscale en 14.600 millones de dólares

Sheryl Sandberg, Susan Decker y Nick Clegg se unen a la Junta Directiva de Nscale

LONDRES, 9 de marzo de 2026 — Nscale, hiperescalador de infraestructura de IA con sede en el Reino Unido, anunció hoy una ronda de financiación de Serie C de 2.000 millones de dólares, liderada por Aker ASA y 8090 Industries. Esta ronda valora a Nscale en 14.600 millones de dólares. La ronda de financiación contó con el apoyo de Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA y Point72. Esta nueva ronda acelerará aún más el desarrollo global de Nscale de su infraestructura de IA integrada verticalmente —desde computación y redes en GPU hasta servicios de datos y software de orquestación— en Europa, Norteamérica y Asia.

La IA está transformando industrias, economías y estrategias nacionales, y las plataformas de computación acelerada son el motor que impulsa este cambio. La limitación para escalar el mercado no es la demanda, sino la capacidad de implementar capacidad y operarla de forma fiable en producción. Nscale está diseñado específicamente para acelerar las implementaciones de IA. Este capital refuerza la infraestructura de Nscale, amplía sus equipos de ingeniería y operaciones, y fortalece la plataforma, lo que le permite seguir ofreciendo implementaciones de IA reales y de calidad de producción a gran escala.

“Esta es la cuarta revolución industrial; el mundo está cambiando a un ritmo acelerado. En los próximos 5 años, la Inteligencia Artificial se integrará en todas las industrias, todos los productos y todos los empleos. Acelerará el descubrimiento de fármacos, prolongará la vida humana, automatizará los viajes y la robótica, aumentará la productividad e impulsará un crecimiento masivo. Esto está llevando al mayor desarrollo de infraestructura en la historia de la humanidad”, dijo Josh Payne, consejero delegado y fundador de Nscale. “Nscale lidera este desarrollo. Estamos construyendo la base sobre la que se asienta el mercado, el motor de la superinteligencia”.

Fortalecimiento de la Junta Directiva de Nscale

Nscale también da la bienvenida hoy a tres nuevos directores. Sheryl Sandberg, Susan Decker y Nick Clegg se unirán a la Junta Directiva de Nscale, aportando una sólida experiencia global en tecnología, políticas, operaciones y gobernanza a un grupo de líderes empresariales de primer nivel.

Sheryl Sandberg: Sandberg es actualmente cofundadora de Sandberg Bernthal Venture Partners, que invierte capital privado para financiar la innovación en tecnologías de consumo, empresariales, climáticas y sanitarias. Como exdirectora de operaciones de Meta y una de las primeras ejecutivas de Google, Sandberg aporta una experiencia inigualable en el crecimiento de las empresas tecnológicas más influyentes del mundo, así como un profundo conocimiento en operaciones, estrategia de crecimiento y desarrollo de organizaciones globales.

Susan Decker: Decker es la consejera delegada y cofundadora de Raftr, una plataforma de Experiencia Comunitaria para universidades. Fue presidenta de Yahoo, Inc. y actualmente es miembro de la junta directiva de Costco Wholesale Corporation, Berkshire Hathaway, Vail Resorts, Chime, Vox Media y Automattic. Decker aporta una gran perspicacia financiera, experiencia en gobernanza y liderazgo estratégico, desarrollado durante décadas al frente de empresas globales de medios y tecnología.

Nick Clegg: Socio general de Hiro Capital, Clegg se centra en impulsar el crecimiento de las tecnologías líderes de computación espacial en Europa. Fue viceprimer ministro del Reino Unido y expresidente de Asuntos Globales de Meta. Antes de ser elegido diputado del Reino Unido en 2005, Clegg sirvió durante cinco años en el Parlamento Europeo. Clegg aporta una profunda experiencia en la intersección de la tecnología, las políticas y los asuntos globales, y recientemente ha estado en el centro de las conversaciones más relevantes sobre regulación y gobernanza que configuran el futuro de la IA.

Sandberg, Decker y Clegg se unen a la junta directiva actual de Nscale, que incluye a Josh Payne, Rael Nurick, Jacob Leschly y Øyvind Eriksen.

Agilización de la ejecución en Noruega

Además de esta financiación de Serie C y la incorporación de sus nuevos directores, Nscale ha llegado a un acuerdo con Aker para integrar plenamente la empresa conjunta Aker Nscale (anunciada en julio de 2025) en Nscale. De ahora en adelante, Aker seguirá siendo un accionista principal de Nscale, y su consejero delegado, Øyvind Eriksen, seguirá formando parte del consejo de administración de Nscale.

Esta decisión consolida la ejecución y la gobernanza bajo una sola entidad, a la vez que garantiza la continuidad y plena operación de todos los proyectos existentes bajo la empresa conjunta como parte de Nscale. Esta colaboración continua ha sido fundamental para el crecimiento de Nscale y demuestra su compromiso continuo de desempeñar un papel positivo a largo plazo en las comunidades donde opera. El firme compromiso de Nscale con la reutilización del calor residual, el desarrollo de capacidades locales y la inversión en infraestructura regional se mantiene inalterado.

Øyvind Eriksen, director general y consejero delegado de Aker ASA, afirmó: “Este paso fortalece la ejecución al integrar la entrega y la gobernanza en un mismo lugar, a la vez que garantiza la continuidad de las personas y los proyectos ya en marcha. Confiamos plenamente en la capacidad de Nscale para operar de forma responsable en Noruega a largo plazo, y creemos que esto prepara el terreno para un progreso más rápido y una creación de valor duradera“.

Rayyan Islam, cofundador y socio general de 8090 Industries, afirmó: “Vivimos en una nueva era definida por la IA, y el factor limitante es la infraestructura. La capacidad de computación, energía y despliegue a escala industrial determinarán qué naciones y empresas liderarán la próxima generación de progreso tecnológico y económico“.

“Nscale ha creado una plataforma excepcionalmente capaz de resolver este desafío al integrar verticalmente las capas críticas de la infraestructura de IA, desde la energía y los centros de datos hasta la computación y la orquestación.”

“En 8090 Industries, invertimos en los sistemas que permiten a industrias enteras escalar y estamos orgullosos de asociarnos con Josh y el equipo de Nscale mientras construyen la columna vertebral fundamental de la economía global de IA“.

Goldman Sachs & Co. LLC y J.P. Morgan actuaron como agentes de colocación conjunta para Nscale en relación con esta recaudación de capital que incluye el SAFE Pre-Serie C.

Acerca de Nscale

Nscale es el hiperescalador global diseñado para infraestructura de IA. Mediante soluciones de IA integradas verticalmente y un diseño modular de centros de datos basados en principios básicos en Europa, Norteamérica y otros países, Nscale proporciona la base computacional para el entrenamiento, el ajuste y la inferencia de IA empresarial a escala.

Contacto para los medios:
[email protected]

Contacto para los inversores:
[email protected]

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This Series C round supports Nscale’s acceleration of AI infrastructure deployments globally, valuing Nscale at $14.6 billion

Sheryl Sandberg, Susan Decker, and Nick Clegg join Nscale’s Board of Directors

LONDON, March 9, 2026 — U.K.- based AI infrastructure hyperscaler Nscale today announced its $2 billion in Series C funding, led by Aker ASA and 8090 Industries. This round values Nscale at $14.6 billion. The funding round was supported by Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA, and Point72. This new raise will further accelerate Nscale’s global development of vertically integrated AI infrastructure — from GPU compute and networking to data services and orchestration software — across Europe, North America, and Asia.

AI is reshaping industries, economies and national strategies, and accelerated computing platforms are the engine driving that shift. The constraint on market scaling is not demand, but the ability to deploy capacity and run it reliably in production. Nscale is purpose-built to accelerate AI deployments. This capital deepens Nscale’s infrastructure footprint, expands its engineering and operations teams, and strengthens the platform, enabling Nscale to continue to deliver real, production-grade AI deployments at massive scale.

“This is the fourth industrial revolution; the world is changing at a rapid pace. Over the next 5 years, Artificial Intelligence will be integrated into every industry, every product, and every job. Accelerating drug discovery, extending human life, autonomizing travel and robotics, lifting productivity, and driving massive growth. This is leading to the largest infrastructure buildout in human history,” said Josh Payne, CEO and Founder of Nscale. “Nscale is leading this buildout. We are building this foundation that the market sits on, the engine of superintelligence.”

Strengthening Nscale’s Board

Nscale also today welcomes three new Directors. Sheryl Sandberg, Susan Decker, and Nick Clegg will join the Nscale Board, bringing substantial global depth across technology, policy, operations, and governance to an already world-class collection of business leaders.

Sheryl Sandberg — Sandberg is currently the co-founder of Sandberg Bernthal Venture Partners, which deploys private capital to fund innovation across consumer, enterprise, climate and healthcare technology. As former Chief Operating Officer of Meta and an early executive at Google, Sandberg brings unmatched experience in scaling the world’s most influential technology companies, as well as deep expertise in operations, growth strategy, and building global organizations.

Susan Decker — Decker is the CEO and co-founder of Raftr, a Community Experience platform for universities. She is a former President of Yahoo, Inc. and is currently a Board member at Costco Wholesale Corporation, Berkshire Hathaway, Vail Resorts, Chime, Vox Media, and Automattic. Decker brings sharp financial acumen, governance expertise, and strategic leadership developed across decades at the forefront of global media and technology companies.

Nick Clegg — A current General Partner at Hiro Capital, Clegg focuses on fostering the growth of leading spatial computing technologies within Europe. He is both a former UK Deputy Prime Minister and former President, Global Affairs at Meta. Prior to being elected to the UK Parliament in 2005, Clegg served five years in the European Parliament. Clegg brings deep expertise at the intersection of technology, policy, and global affairs and has most recently been at the center of the most consequential regulatory and governance conversations shaping the future of AI.

Sandberg, Decker, and Clegg join Nscale’s existing Board of Directors, which includes Josh Payne, Rael Nurick, Jacob Leschly, and Øyvind Eriksen.

Streamlining Execution in Norway

Alongside this Series C funding and its new Directors, Nscale has reached an agreement with Aker to roll the Aker Nscale joint venture — announced in July 2025 — fully into Nscale. Going forward, Aker will remain a leading shareholder in Nscale with its CEO Øyvind Eriksen continuing to serve on the Nscale Board.

This decision consolidates delivery and governance under one entity, while ensuring all existing projects under the joint venture continue and remain fully operational as part of Nscale. This ongoing partnership has been foundational to Nscale’s growth and demonstrates its continued commitment to playing a positive, long-term role in the communities where it operates. Nscale’s firm pledge to waste heat reuse, local skills development, and investment in regional infrastructure remains unchanged.

Øyvind Eriksen, President and CEO of Aker ASA said, “This step strengthens execution by putting delivery and governance under one roof, while keeping continuity for the people and projects already underway. We have full confidence in Nscale’s ability to deliver responsibly in Norway over the long term, and we believe this positions the work for faster progress and durable value creation.”

Rayyan Islam, the Co-founder and General Partner of 8090 Industries said, “We are living through a new era defined by AI, and the limiting factor is infrastructure. Compute, energy, and industrial-scale deployment capacity will determine which nations and companies lead the next generation of technological and economic progress.

Nscale has built a platform uniquely capable of solving this challenge by vertically integrating the critical layers of AI infrastructure — from energy and data centers to compute and orchestration.

At 8090 Industries, we invest in the systems that enable entire industries to scale and are proud to partner with Josh and the Nscale team as they build the foundational backbone for the global AI economy.”

Goldman Sachs & Co. LLC and J.P. Morgan acted as joint placement agents for Nscale in connection with this capital raise which is inclusive of the Pre-Series C SAFE.

About Nscale

Nscale is the global hyperscaler engineered for AI infrastructure. Through vertically integrated AI solutions and modular, first-principles data center design across Europe, North America, and beyond, Nscale delivers the compute foundation for enterprise AI training, fine-tuning, and inference at scale.

‍Media Contact:
[email protected]

Investor Contact:
[email protected]

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SOURCE Nscale

PHILADELPHIA, March 6, 2026 — Voomi Supply, a fast-growing B2B eCommerce platform serving the HVAC industry and broader industrial trades, today announced it has closed a $10 million Series A funding round led by Asymmetric Capital Partners.

Voomi Supply fills a gap in the HVAC and industrial supply market by simplifying how businesses discover and procure products across a highly diverse supplier landscape. Voomi Supply gives customers access to over one million HVAC and industrial parts and equipment SKUs. Voomi takes a technology-first approach, built on an AI-powered platform designed to scale with its growing supplier and customer base.

“Voomi Supply was built to modernize purchasing across HVAC and industrial supply markets, delivering simplicity, speed, and competitive pricing for all buyers while unlocking new sales channels for suppliers,” said RJ Cilley, CEO of Voomi Supply. “We’re excited to partner with Asymmetric Capital Partners, whose approach and long-term perspective reflect how we’re building Voomi Supply.”

The investment follows a period of rapid growth for Voomi Supply and positions the company for continued expansion. The new capital will accelerate development of Voomi’s technology platform, expand its supplier network, and drive growth into new product categories, while scaling the team and customer experience.

“Voomi is attacking a massive, fragmented market with a clear vision and strong execution,” said Rob Biederman, Managing Partner at Asymmetric Capital Partners. “The team has scaled the business with a disciplined, capital-efficient approach, prioritizing supplier value and real customer demand. We’re excited to partner with RJ and the Voomi Supply team as they continue to modernize HVAC and industrial distribution.”

Highmount Capital also participated in the round led by David Hawkins.

The Series A builds on the foundation established by founders Faron Schonfeld, Andy Chalofsky, and Josh Chalofsky, together with existing investor Operator Partners.

About Voomi Supply

Voomi Supply is a technology-driven B2B eCommerce platform focused on simplifying procurement for the trades. Serving HVAC, plumbing, electrical, and industrial buyers, Voomi delivers a large digital catalog, competitive pricing, and a streamlined purchasing experience built for professional customers. Voomi Supply was founded by Faron Schonfeld, Andy Chalofsky, and Josh Chalofsky.

About Asymmetric Capital Partners

Founded in 2021, Asymmetric Capital Partners (“Asymmetric”) is an early-stage technology investment firm purpose-built to back founders with conviction, concentration, and real operational support. The firm invests in disruptive technology-driven companies in the Pre-seed through Series A stages. Asymmetric’s DNA is different by design: its team blends rigorous investing experience with hands-on operating expertise, having built, scaled, and acquired companies themselves. This allows Asymmetric to partner with founders as true thought partners — from refining an idea pre-launch to building go-to-market strategies, recruiting key executives, or pursuing acquisitions. With over $240 million in assets under management, Asymmetric has backed nearly 90 companies to date.

Media Contact
[email protected] 

SOURCE Voomi Supply

DALLAS, March 5, 2026 — Yellow Stripes Capital (“YSC”), a private investment firm based in Dublin, Ohio, has acquired a majority stake in NoblQ, a fast‑growing global digital transformation company. The partnership strengthens NoblQ’s position at the forefront of AI‑enabled enterprise modernization and underscores YSC’s commitment to building next‑generation technology platforms.

“We invest in companies that are not just transforming industries but defining how technology enables growth,” said Harsh Acharya, Founder and CEO of Yellow Stripes Capital. “Bala and the NoblQ team have built a global IT services powerhouse. Together, we’ll scale their impact across industries ready for intelligent transformation.”

“This partnership gives NoblQ the fuel to accelerate innovation that directly transforms client outcomes,” said Bala Chandra, CEO of NoblQ. “With YSC’s expertise in operational scale and global expansion, we’re positioned to lead the next chapter of enterprise AI adoption.”

Strategic Partnership Signals New Growth Phase

Through this investment, YSC will collaborate closely with NoblQ’s leadership to advance its AI‑driven transformation strategy, enhance delivery operations across North America, Europe, and Asia, and expand its digital engineering and enterprise modernization practices.

As part of the transaction, Harsh Acharya has been appointed Chairman of NoblQ’s Board of Directors, where he will guide the company’s strategic growth and innovation initiatives alongside the executive team.

Leadership Transition and Legacy

The transaction also marks a meaningful leadership transition for Caldwell Velnambi, founder and former Chairman of NoblQ, and Nepoleon Duraisamy, former Co‑Chairman and Chairman & CEO of its subsidiary, Jeevan Technologies Inc., both of whom have sold their remaining interests in the company.

Under Caldwell’s leadership, NoblQ transformed from an ERP services provider into a diversified global digital transformation partner, executing five strategic acquisitions and building an integrated portfolio spanning consulting, data, and platform modernization. Mr. Velnambi now launches NoblQ Ventures, an independent venture capital firm.

Mr. Duraisamy leaves a legacy of engineering excellence and workforce development, having built strong technology delivery foundations in India and the United States – contributions recognized as instrumental to NoblQ’s success and to the broader technology community. Over the past 25 years, he built Jeevan Technologies into a high‑performing professional services organization defined by advancing innovation, client trust, and operational discipline.

NoblQ and Yellow Stripes Capital extend their sincere appreciation to Caldwell Velnambi and Nepoleon Duraisamy for their visionary leadership, strategic foresight, and enduring contributions to the company’s growth and evolution.

About NoblQ

NoblQ is a global digital transformation and IT services company specializing in AI‑driven engineering, enterprise platforms, and professional services. With more than 1,600 professionals across North America, Europe, and Asia, NoblQ partners with enterprises to modernize mission‑critical systems, harness data and artificial intelligence, and deliver measurable business results. 

Explore NoblQ’s offerings at https://www.noblq.com/solutions/artificial-intelligence

About Yellow Stripes Capital

Yellow Stripes Capital is a private investment firm headquartered in Dublin, Ohio, focused on acquiring and building high‑performing technology and services businesses. The firm combines disciplined capital, operational expertise, and long‑term partnership to unlock value and drive sustainable growth. Learn more about its portfolio and investment philosophy at https://www.yellowstripescapital.com/philosophy. 

SOURCE Nobl Q LLC

SAN FRANCISCO, March 5, 2026 — Novitas Holdings, a technology-focused investment firm founded by former Memora Health CEO Manav Sevak, has officially launched to support founder-led companies across multiple industries. According to Novitas Holdings, the firm combines financial backing with hands-on operational and strategic guidance designed to help startups navigate early-stage growth and long-term expansion. The launch follows Sevak’s exit from Memora Health after the company’s acquisition by Commure.

The acquisition of Memora Health by Commure, a provider of healthcare operating systems, closed in mid-2024. While financial terms were not publicly disclosed, the transaction represented an important milestone for both organizations. Memora’s patient engagement technology is now integrated into Commure’s unified platform, expanding the company’s ability to deliver scalable digital infrastructure for healthcare providers.

According to Novitas Holdings, the firm builds upon the operational experience gained during the growth of Memora Health. Under Manav Sevak’s leadership, Memora developed a platform designed to automate and personalize patient communication for healthcare systems. The company raised more than $80 million in funding from investors including Y Combinator and Andreessen Horowitz and became known for helping clinicians streamline workflows while improving patient outcomes.

Novitas Holdings aims to extend many of those operational principles to the companies it supports. In addition to providing early-stage investment capital, the firm works closely with founders to provide strategic guidance, operational frameworks, and mentorship designed to help startups scale efficiently.

The firm focuses on companies solving meaningful industry challenges and building products intended for long-term relevance. Novitas Holdings notes that its investment strategy may include both early-stage investments and participation in acquisitions of technology businesses, enabling portfolio companies to accelerate development and expand market reach.

Memora Health’s impact on healthcare technology provides important context for the launch of Novitas Holdings. The platform helped healthcare providers automate routine patient interactions such as appointment reminders, intake processes, post-discharge follow-ups, and condition-specific care plans. By reducing administrative burdens, healthcare teams were able to focus more directly on patient care. The platform’s ability to integrate into clinical workflows and improve patient engagement contributed to its growth within the healthcare technology sector.

When Commure acquired Memora Health in 2024, the merger combined two organizations focused on modernizing healthcare infrastructure. Memora’s patient engagement capabilities became part of Commure’s broader healthcare operating system, strengthening the platform’s ability to support hospitals and health systems nationwide.

Novitas Holdings describes its model as a technology-enabled investment platform that applies data-driven insights and operational expertise to portfolio companies. In addition to capital investment, the firm collaborates with founders on product development, go-to-market strategies, talent acquisition, and operational scaling.

Through Novitas Holdings, Sevak is focused on supporting entrepreneurs building durable, mission-driven companies. According to the firm, its investment philosophy centers on long-term value creation and strategic collaboration with founders working to solve complex problems across industries.

As Novitas Holdings begins building its portfolio, the firm and its team of experienced operators aim to support the next generation of technology innovators. With a focus on founder-led businesses and sustainable growth, the organization seeks to partner with startups positioned to create meaningful impact within their industries.

About Novitas Holdings

Novitas Holdings is a technology-focused investment firm that partners with founder-led companies across multiple sectors. Founded by former Memora Health CEO Manav Sevak, the firm combines capital investment with operational expertise, strategic guidance, and mentorship to help startups scale effectively. Novitas Holdings works closely with entrepreneurs on product development, go-to-market execution, talent strategy, and long-term growth initiatives.

Media Contact
Novitas Holdings
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/manavsevak/

SOURCE Novitas Holdings

STEWARTVILLE, Minn., March 5, 2026 — Minnesota Medical Technologies Corporation, a leading innovator in continence care solutions, today announced it has raised $20.6 million of new capital through a Series A preferred equity financing co-led by HM Venture Partners and Southeast Minnesota Capital Partners. The company will use the new capital to fuel the commercial launch of its lead fecal incontinence product in the US market and scale operations to meet growing demand.

“This funding marks a pivotal moment for our company,” said David A. Jonas, CEO of Minnesota Medical Technologies Corporation. “With the support of our investors, we are now positioned to launch StaySure^™ into the newly cleared US market and expand our talented team. For the millions of people living with fecal incontinence, this represents an opportunity to finally access a safe, effective, and life-changing solution.”

The funds from the Series A financing will be used exclusively for:

• U.S. Market Entry: Establish the operation, commercial, and distribution infrastructure needed to successfully launch StaySure^™ across multiple channels in the US market.
• Talent Acquisition: Strategically build a high-performing team across sales, marketing, and customer care to accelerate market penetration, drive market education and brand awareness, and sustainable revenue growth.
• Financial Security – Provide debt reduction and financial security to support disciplined, sustainable growth.

Founded in 2015, Minnesota Medical Technologies Corporation was established to address one of healthcare’s most significant yet underserved conditions: fecal incontinence. In collaboration with Mayo Clinic gastroenterologist Adil Bharucha, MD, the company created a simple, single use device designed to provide an effective alternative to absorbent products that have historically dominated the market.

Fecal incontinence (which is commonly known as “accidental bowel leakage”) affects more than 2% of the global population, representing tens of millions of individuals worldwide, with most relying on adult diapers and pads rather than restorative solutions. This represents a substantial and largely untapped market opportunity for innovative, clinically validated interventions that improve quality of life.

Following the establishment of a world-class medical device manufacturing facility and the successful completion of a clinical trial at Mayo Clinic, the FDA granted clearance for StaySure^™ in July 2025. With regulatory approval secured, Minnesota Medical Technologies is now positioned to scale its commercialization efforts. This Series A fundraise will allow us to accelerate physician and patient education, expand distribution channels, and support broad market penetration of this differentiated solution, unlocking meaningful value in a large, underserved global market. 

About Minnesota Medical Technologies Corporation
Founded and driven by a talented, experienced team with a proven track record of value creation, including leadership experience from Rochester Medical Corporation (sold in 2013 for $262M to CR Bard), Minnesota Medical Technologies Corporation is committed to developing, making, and selling Continence Care Products of unmatched comfort, performance, and quality. The company’s innovative StaySure^™ product is a clinically proven, single use insert designed to safely and effectively manage accidental bowel leakage and fecal incontinence. By offering a discreet, patient-centered alternative to traditional absorbent products and invasive surgeries, StaySure™ represents a differentiated solution in a large and underserved market. With experienced leadership, validated clinical data, and regulatory clearance, the company is strategically positioned to scale commercialization and deliver meaningful impact for patients while generating significant long-term shareholder value. 

About HM Venture Partners
HM Venture Partners is a San Franciso-based venture capital firm that backs high growth medtech and biotech companies globally and across all stages. Founded in 2019 by Robert Luo, HMVP has three funds totaling over $600 million under management. Prior to founding HMVP, Mr. Luo was a senior investment officer in Mayo Clinic Treasury Services.

About Southeast Minnesota Capital Partners
SE MN Capital Partners is a venture capital management company based in Rochester, MN that manages two early-stage venture capital funds that focus on Minnesota medtech companies as well as seven single company special purpose vehicles. David Herbert and Harry Hoffman founded SMCP in 2022 following their retirements from business and investment leadership roles at Mayo Clinic.

Minnesota Medical Technologies Corporation Contact:
David A. Jonas
CEO and President
[email protected]
507-533-0366
www.mnmedicaltechnologies.com
www.staysuretoday.com

SOURCE Minnesota Medical Technologies

Investor Event will Focus on Connecting Capital, Technology and Science to Accelerate Drug Discovery

BOSTON, March 5, 2026 — Cambridge Healthtech Institute today announced the agenda for the third annual Bio-IT World Venture, Innovation & Partnering Conference, an exclusive gathering of more than 200 senior-level investors, corporate executives, entrepreneurs and startups, with a focus on connecting capital, technology, and science to accelerate drug discovery.

The May 19 event in Boston will be part of the 25^th annual Bio-IT World Conference & Expo, the premier global gathering of 2,900 leaders from the biomedical research and IT communities taking place May 19-21. Participants will include leaders from AstraZeneca, Breyer Capital, Eli Lilly and Company, F-Prime Capital, MIT, Obvious Ventures, Sanofi Ventures, SandboxAQ, Science Capital, Soufflé Therapeutics, Third Rock Ventures, T.Rx Capital, and Wellfleet Advisors, among many others.

This year’s event will include Keynote Fireside Chats featuring:

• Mike Nally, Chief Executive Officer, Generate:Biomedicines and CEO-Partner, Flagship Pioneering on Leadership at the Cutting Edge: Innovation, Strategy & Biotech’s Next Frontier. Since 2021, Nally has driven financing rounds exceeding $750 million and positioned Generate:Biomedicines at the forefront of AI-driven drug discovery.
• Michael Chambers, Founding CEO, Aldevron on Engineering Access: Scalable Genomics, Technology & the Future of Medicine, who built one of genomic medicine’s most critical infrastructure companies, leading to a landmark $9.6 billion exit.

“This is a unique opportunity to hear from exceptionally visionary leaders at the forefront of life sciences. These speakers will share their insights on the most compelling opportunities in the market today, while offering a forward-looking perspective on the critical challenges that must be solved to meaningfully advance drug discovery,” said Eileen Murphy, Conference Producer.

Other session topics will include Funding the Modern Pipeline: Capital Strategy Across Biology, Technology, and Informatics; The Future of Lab Funding: Building Stronger Pathways Between Academia, Capital, and Spinouts; The New Rules of VC, Pharma, and Industry Leader Collaboration; and more.

Participants in the investor conference will be able to take advantage of two more days of in-depth education and networking at the Bio-IT World Conference & Expo, featuring more than 200 presentations on the advanced technologies driving progress in biomedical research, drug discovery, and clinical care.

The larger event will open at 4:30 p.m. on May 19 with a keynote presentation on Research, Funding and Advocacy for Rare Diseases, followed by a welcome reception in the Exhibit Hall, where 150 organizations will showcase their cutting-edge technologies and solutions.

To register for the Bio-IT World investor conference and the Bio-IT World Conference & Expo, please click this link. Those who register by March 6 will enjoy a discounted rate. Media who would like a press pass should click here.

About Cambridge VIP
Cambridge VIP – Venture, Innovation & Partnering conferences unite senior-level investors, corporate executives, entrepreneurs, and startup leaders from diverse sectors. These exclusive gatherings feature engaging industry panels and fireside chats, fostering meaningful networking and interactions. Join us at these innovative conferences to gain strategic insights, candid perspectives, and valuable business recommendations in your area of interest. Discover who’s investing, track funding activities, and witness the commercialization of emerging technologies solving real-world challenges.

About Bio-IT World Conference & Expo
Cambridge Healthtech Institute’s Bio-IT World Conference & Expo is the world’s premier event showcasing technologies and analytic approaches that solve problems, accelerate science, and drive the future of precision medicine. Bio-IT World unites a global community of experts in life sciences, pharmaceuticals, clinical research, healthcare, informatics, and IT, all dedicated to advancing biomedical research, drug discovery and development, and healthcare innovations.

SOURCE Bio-IT World Conference & Expo