• Company’s Cognitive Network Restoration Therapy (CNRT) technology aims to make meaningful cognitive recovery possible years after initial injury
• Targeting a brain hub involved in executive function, CNRT activates underperforming networks to reverse deficits and restore independence
• Groundbreaking therapeutic approach has the potential to transform chronic cognitive impairment care from rehabilitation to restoration

EDINA, Minn., Sept. 15, 2026 — ReEmerge, Inc. (ReEmerge), a private MedTech company innovating a new way to address cognitive impairment, launched from stealth today following the close of an oversubscribed $37M Series A financing. The proceeds will support an upcoming clinical study that will evaluate ReEmerge’s proprietary Cognitive Network Restoration Therapy (CNRT) in its first clinical indication, traumatic brain injury (TBI), while advancing technology development, expanding clinical and regulatory operations, and preparing the platform for future indications. U.S. Venture Partners (USVP) and Santé co-led the round, with significant participation from Oxford Science Enterprises, 415 Capital, IAG Capital Partners, The Vertical Group, and Dendrion Ventures.

“ReEmerge’s technology represents a fundamentally different approach to cognitive recovery with the potential to transform the recovery pathway,” commented Jonathan Root, MD, General Partner at USVP. “The size of the opportunity and the profound unmet need make this an especially compelling market for innovation. We are excited about this technology and the new hope it aims to offer patients and their families.”

“TBI does not discriminate. It can happen to anyone at any age, and its consequences can fundamentally alter a person’s ability to live, work, and engage with the world around them,” said Auriel August, MD, Principal at Santé. “CNRT could offer people living with TBI something they have too often been told not to expect, namely the possibility of meaningful cognitive recovery.”

CNRT is a proprietary, first-of-its-kind approach that precisely targets neural networks in the central thalamus, a brain hub involved in attention, arousal, and executive function.  Rather than bypassing damaged pathways or asking patients to compensate for lost function, CNRT aims to augment the recovery journey by driving underactive but viable neural circuits. By restoring function across existing but underperforming networks, CNRT aims to reverse cognitive deficits and allow recovery to extend further.

This technology grew out of decades of research by Nicholas Schiff, M.D. Professor of Neuroscience in the Feil Family Brain and Mind Research Institute at Weill Cornell Medicine and colleagues at Stanford University and the University of Utah, which explored the possible restorative effect of brain electrical stimulation after TBI. A pilot study showed promising results, with patients regaining cognitive function. The Center for Technology Licensing at Weill Cornell worked closely with Dr. Schiff’s team to protect the intellectual property, provide internal translational gap funding, and license the foundational intellectual property to ReEmerge to advance clinical and commercial development of CNRT.

Building upon this groundbreaking clinical research, including a publication in Nature Medicine, ReEmerge will conduct a prospective, single-arm, multicenter study (NCT07730099) to evaluate this treatment, enrolling up to 40 patients with chronic moderate-to-severe TBI. Additionally, the study will explore potential effects on cognitive and functional outcomes.

“As a physician-scientist and co-founder, it has been very rewarding to see the arc of benchtop science moving forward and being translated into a meaningful clinical development pathway,” stated Dr. Schiff. “I am excited for us to advance the testing of treatment for many patients, who have historically had limited therapeutic options, as we look to shift cognitive care from rehabilitation to restoration and ultimately, to redefine recovery.”

Each year, an estimated 27 million people worldwide experience a traumatic brain injury, and many are left with persistent cognitive impairment.¹ Current recovery pathways focus on rehabilitation, helping patients compensate for cognitive deficits through structured routines, adaptive strategies, and supportive therapies. While these interventions can improve function, the journey can be long, and recovery will often plateau, frequently leaving patients with lasting impairments that limit independence, quality of life, and personhood.

“The strong support of our stellar investor syndicate validates our mission to evolve the recovery trajectory for patients living with impaired cognitive function,” said Todd Langevin, Chief Executive Officer of ReEmerge. “We look forward to initiating our clinical study in TBI and building a robust body of evidence to support our differentiated approach to treating cognitive impairment.”

About ReEmerge, Inc.

ReEmerge is innovating a new way to approach chronic cognitive impairment. Developed under an exclusive licensing agreement with Cornell University, the company’s novel Cognitive Network Restoration Therapy (CNRT) precisely targets neural networks disrupted by brain injury that drive underactive but viable neural circuits. By restoring function across these existing but underperforming networks, CNRT aims to reverse cognitive deficits and restore agency and personhood. To learn more about how the company is developing therapeutic innovations that evolve cognitive care from rehabilitation to restoration, please visit ReEmergeInc.com.

Media Contact
Charlene Herndon
SPRIG Consulting
[email protected]

¹Guan B, Anderson DB, Chen L, et al. Global, regional and national burden of traumatic brain injury and spinal cord injury, 1990–2019: a systematic analysis for the Global Burden of Disease Study 2019
BMJ Open 2023;13:e075049. doi: 10.1136/bmjopen-2023-075049

For decades, analytics infrastructure has been built for humans. Events are stored flat as rows, columns and precomputed aggregates; any question about the order things happened in has to be reassembled at query time, and the more event types a company keeps, the slower and pricier it gets. Most deployments capture only a few hundred distinct event types, because each type adds instrumentation, slows queries and costs more. Teams must decide in advance what’s worth keeping, and discard the surrounding context.

“We were trying to use AI agents to answer business questions like ‘which of our users are on the same path as the ones who churned last month?’,” said Keewano Co-founder and CEO, Mark Kardashov. “You could see what happened on any dashboard, but why it happened lived somewhere the databases couldn’t reach. Our databases had been designed for humans querying tables, not machines that need to reason live, with complete context. To support agents properly, we realized we’d have to build a completely new storage format.”

KeewanoDB takes a fundamentally different architectural approach. KeewanoDB keeps each entity’s complete event sequence together and in order, so an agent can read answers directly from the raw data rather than reconstruct them, allowing for much faster and more accurate queries. With KeewanoDB, you can query a quarter of a billion events in under half a second, returning context-ready results agents can reason over immediately.

With KeewanoDB, an AI agent can investigate questions a dashboard can’t: why a customer churned, what sequence of behaviors led to an outcome, what distinguishes one group of users from another, or any new and complex behavioral questions no one thought to model in advance. An agent can see what happened before what, identify the patterns users have in common, and proactively surface emerging risks.

KeewanoDB doesn’t use per-event pricing, so organizations can capture more and query more. The fully managed Keewano Cloud service connects alongside an existing data warehouse or replaces it, using standard integrations. Organizations can plug-in their own AI agents or use Keewano’s.

Keewano was co-founded in 2024 by Mark Kardashov, Dima Karger, Pavel Bibergal and Vitaly Bukhovsky – a team with two prior exits and a decade running analytics at gaming scale. Kardashov and Bukhovsky have built and sold two companies together: TestProject acquired by Tricentis in 2019, and Devalore acquired by Abra in 2022. Bibergal was CTO at Plarium and Karger led one of its largest studios, building and scaling games for millions of players globally.

“Every wave of AI adoption exposes the layer underneath it that wasn’t built for the new workload,” said Judah Taub, Managing Partner at Hetz Ventures. “We think machine reasoning is exposing exactly that gap in analytics infrastructure, and Keewano is addressing it directly rather than patching around it. That’s why we led the round.”

“In 1964, Japan didn’t try to make trains faster on the same track. They built a new line,” said Kardashov. “Databases are at that fork now. AI agents need a fundamentally different data architecture, and we’ve built KeewanoDB as the new line.”

About Keewano

Keewano is the first database for machine reasoning at scale. Traditional analytics databases are optimized for humans asking known questions through tables, dashboards and predefined views. AI agents ask differently, so KeewanoDB’s storage format was designed around how machines reason: every event complete, in order, in context, and live the moment it lands. That design unlocks unlimited events, agent-scale throughput, and the grounded context agents need behind every answer. With KeewanoDB, organizations can retain more data, query large event histories quickly, and reduce the storage and processing overhead of agentic analysis. KeewanoDB is also the only database of its kind that does not charge per event – a model made possible by an engine built specifically for machines. Founded by a team with deep experience across gaming, B2B SaaS and infrastructure, Keewano is backed by Hetz Ventures, a16z speedrun, Remagine Ventures and DIG Ventures. Learn more at https://keewano.com/.

Media Contact
[email protected]

Photo: https://mma.prnewswire.com/media/3009000/Keewano_founders.jpg

SOURCE Keewano

John Duffin transitions to Chief Strategy and Corporate Development Officer as 3 Boomerang Capital portfolio company continues to expand its capabilities and scale

FISHERS, Ind., Sept. 15, 2026 — Pinnaql, a 3 Boomerang Capital portfolio company and professional services provider delivering consulting and subject matter expertise to pharmaceutical, biotech and medical device organizations, today announced the appointment of Allison Kerska as Chief Executive Officer, effective immediately. John Duffin, who has led Pinnaql through a period of significant growth and transformation, will transition to Chief Strategy and Corporate Development Officer.

The leadership evolution comes at a pivotal point in Pinnaql’s evolution. In less than two years, the company has brought multiple businesses together into an integrated life sciences consulting platform, expanded its geographic presence and broadened its capabilities across engineering, automation, laboratory operations, quality systems, project and program management, CQV/CSV, data integrity and regulatory compliance.

Ms. Kerska brings extensive experience leading and scaling professional services organizations. Most recently, she served as President of ELIQUENT Life Sciences, where she led a GxP consulting and advisory business supporting clients across complex regulatory, quality and operational matters. Previously, she spent more than 15 years in workforce and talent solutions, including senior leadership roles at KellyOCG.

“Pinnaql has reached an exciting inflection point,” said Allison Kerska, Chief Executive Officer of Pinnaql. “John and the team have built an exceptional foundation, bringing together talented people and complementary capabilities around a clear vision for serving life sciences clients. The opportunity now is to scale that platform thoughtfully without losing what makes Pinnaql differentiated: deep expertise, trusted relationships and an ability to make complex challenges easier for our clients.”

Pinnaql’s growth strategy is centered on creating an increasingly comprehensive resource for life sciences organizations. By bringing specialized expertise together within Pinnaql, clients can access engineering, scientific, quality, compliance and digital capabilities through a single trusted partner.

“We have built the foundation, brought together outstanding teams and created a platform with tremendous potential,” said John Duffin, Chief Strategy and Corporate Development Officer of Pinnaql. “Allison has the experience to take what we have built and scale it with the operational discipline this next chapter requires. My new role allows me to remain deeply involved in building and steering Pinnaql’s future, particularly through acquisitions, integration, digital validation and AI.”

The appointment represents the next phase of 3 Boomerang Capital‘s strategy to build Pinnaql into a differentiated and scalable life sciences services platform.

“Pinnaql has made significant progress building an integrated platform in an attractive and resilient segment of the life sciences market,” said Peter Wen, Principal at 3 Boomerang Capital. “Allison brings the operating leadership and professional services experience to drive disciplined growth and realize the value of the capabilities we have unified, while John’s continued focus on M&A and strategic innovation drives the momentum behind the platform. We believe this leadership structure positions Pinnaql well for its next chapter of growth and value creation.”

Under Ms. Kerska’s leadership, Pinnaql will continue advancing its strategy of combining deep technical expertise with a scalable, integrated operating model to support increasingly complex development, commercialization and manufacturing needs across the life sciences sector.

About Pinnaql

Pinnaql is a 3 Boomerang Capital portfolio company and professional services provider delivering consulting and subject matter expertise to pharmaceutical, biotech and medical device organizations. Pinnaql provides integrated expertise across engineering and automation, laboratory operations, quality systems, project and program management, data integrity, commissioning, qualification and validation (CQV), computer system validation (CSV), audit readiness, remediation support and regulatory compliance.

By bringing specialized expertise together, the company helps life sciences organizations navigate complexity, accelerate programs and maintain compliance across the product lifecycle. For more information, please visit https://www.pinnaql.com/.

About 3 Boomerang Capital

3 Boomerang Capital, L.P. is a lower-middle-market healthcare private equity firm committed to fostering creative investment partnerships with healthcare entrepreneurs across North America and Western Europe. 3BC’s areas of investment focus span four key healthcare sectors: biopharma outsourcing, medical device and diagnostic manufacturing, information technology and tech-enabled services, and alternate site care.

The firm specializes in backing founder-led businesses, providing the guidance and resources needed for successful growth and innovation in the healthcare market. By strategically concentrating on four core areas, 3 Boomerang Capital is well-equipped to deliver on its mission of empowering healthcare entrepreneurs and propelling healthcare businesses to new heights. The firm is currently investing out of its flagship fund, 3 Boomerang Capital I, LP, a $376 million investment vehicle. To learn more, please visit https://www.3boomerang.com/.

SOURCE Pinnaql

Former Tulsa Innovation Labs Managing Director brings more than a decade of experience in entrepreneurship, economic development and ecosystem building to lead Rev1’s next chapter

COLUMBUS, Ohio, Sept. 15, 2026 — Rev1 Ventures, the Midwest venture studio that partners with innovators in SaaS/AI, deep tech and life sciences, today announced that Jennifer Hankins has been named its new Chief Executive Officer and President following a national search for a leader to build on Rev1’s track record of supporting entrepreneurs, strengthening the innovation ecosystem and driving economic impact across Ohio.

Hankins joins Rev1 from Tulsa Innovation Labs, where she served as Managing Director and led the organization’s strategy, partnerships and portfolio of initiatives focused on strengthening Tulsa’s innovation economy. There, she helped lead one of only two U.S. regions to win both EDA Build Back Better Regional Challenge and Tech Hubs Implementation Funding.

She brings more than a decade of experience across entrepreneurship and economic development, working with founders, businesses, investors and community partners to build stronger regional economies.

“Rev1 has played an important role in putting Columbus on the map as a place where entrepreneurs can build and scale,” said Hankins. “We have an opportunity to build on that momentum and think even bigger about what’s possible — connecting more founders, investors, companies and institutions to strengthen the ecosystem and create more opportunities for entrepreneurs to succeed. I’m eager to join the Rev1 team to help take that work even further across Central Ohio and beyond.”

Before joining Tulsa Innovation Labs, Hankins served as Vice President of Entrepreneurship and Small Business at the Tulsa Regional Chamber, where she helped grow the regional entrepreneurial ecosystem and managed the Chamber’s business incubator for high-growth startups. She also served as Manager of Business Retention and Expansion on the Greater Oklahoma City Chamber of Commerce’s Economic Development team. Earlier in her career, she worked in the Kansas City region for the Wyandotte Economic Development Council.

“Jennifer brings a rare combination of entrepreneurial ecosystem experience, economic development expertise and collaborative leadership,” said Sue Zazon, Rev1 Board Chair and President of Huntington Bank’s Central Ohio Region. “She understands how to bring founders, investors, businesses and community leaders together around shared opportunities that can strengthen an entire region. Her experience and vision will ensure Rev1 builds on its momentum so it can continue serving entrepreneurs and supporting innovation.”

Rev1 was recently named to TIME’s inaugural America’s Best Incubators & Accelerators 2026 list, ranking as the highest Ohio-based organization included. Since launching, Rev1 has supported more than 1,700 startups, funded more than 200 unique companies and helped generate more than $7.7 billion in economic impact statewide. Rev1 recently expanded its presence in downtown Columbus with Rev1 at The Peninsula, a founder-focused innovation hub designed to help software and advanced technology startups grow faster and more effectively.

“Jennifer brings the vision, energy and conviction Rev1 needs for what comes next,” said Tom Walker, executive chairman of the Rev1 Ventures Board. “She understands that building a thriving innovation economy takes more than great ideas – it takes the right people, resources and opportunities coming together to turn those ideas into high-growth companies. I’m confident Jennifer will challenge us to think bigger, move with purpose and take Rev1’s impact to the next level.”

Rev1’s work is made possible through the continued support of the State of Ohio’s Third Frontier program and its dedicated funding and corporate partners.

About Rev1 Ventures
Rev1 Ventures is where founders go to build. As a Midwest venture studio, Rev1 partners with innovators in Saas/AI, deep tech, and life sciences to turn bold ideas into scalable companies. From day one, Rev1 helps startups move faster and grow smarter by validating markets, gaining traction, and becoming venture ready. A catalyst for early-stage growth, Rev1 connects founders to the mentors, partners, and early customers that accelerate progress and position startups to attract investors. With hands-on support, a powerful network, and collaborative spaces designed for growth, Rev1 gives startups the foundation to build stronger and scale. For more information, visit https://www.rev1ventures.com.

SOURCE Rev1 Ventures

New term debt facility marks Generate’s first community solar financing with MUFG and builds on $1.4 billion
of financing commitments in the first half of 2026

SAN FRANCISCO, Sept. 15, 2026 — Generate Capital (“Generate”), a leading investor, owner and operator of critical infrastructure, today announced the closing of a $117 million term debt facility with MUFG to finance a portfolio of community solar projects. The transaction marks Generate’s first community solar financing with MUFG and further expands the company’s network of leading institutional financing partners.

The facility supports Generate’s Community Solar Fund 11, comprising 18 projects / 114MWdc across Illinois and New York. The financing will support Generate’s continued investment in community solar infrastructure that expands access to reliable and affordable power for communities and businesses.

“The closing of this facility with MUFG further expands our financing partner network and provides additional capital to support the continued growth of our community solar platform,” said Ed Bossange, Chief Capital Formation Officer at Generate Capital. “Combined with the significant financing activity we completed during the first half of the year, this transaction reflects the strength of our platform and our ability to attract capital from leading institutions across a diverse range of infrastructure solutions.”

“We are pleased to partner with Generate on this financing and support the continued growth of its community solar platform,” said Fred Zelaya, Managing Director at MUFG. “Generate has built a strong track record of developing and operating high-quality distributed energy assets, and this transaction reflects our shared commitment to financing critical infrastructure that delivers reliable, affordable power to communities across the country.”

The transaction builds on significant capital formation momentum for Generate in 2026. During the first half of the year, the company closed approximately $1.4 billion of financing commitments across a diversified portfolio of infrastructure investments spanning community solar, battery energy storage systems and energy efficiency.

First-half highlights included:

• The closing of a 104 MW community solar portfolio alongside Monarch Private Capital, supporting more than 15 community solar projects expected to deliver approximately $200 million in investment tax credits.
• A $61 million senior secured U.S. Private Placement to finance energy efficiency projects for a leading investment-grade industrial customer. The 15-year construction-to-term financing represents Generate’s inaugural 4(a)2 U.S. Private Placement, further diversifying the firm’s funding sources and financing partner base.

Generate’s recent financing activity reflects continued institutional demand for high-quality infrastructure assets with long-term contracted cash flows, as well as the company’s ability to structure financing solutions across multiple infrastructure sectors.

About Generate Capital

Generate Capital is an investor and operator providing reliable and affordable energy solutions to customers for over a decade. Founded in 2014, Generate focuses on accelerating the energy transition by helping large energy users access power and connection faster in a grid constrained world. The firm supports data centers and other power-intensive facilities with multi-technology scalable energy infrastructure solutions, combining deep investment expertise with hands-on operating capabilities. Since inception, Generate has raised more than $16 bn in capital and built a proven track record across critical infrastructure assets. 

About MUFG and MUFG Americas

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups with over 360 years of history. Headquartered in Tokyo, MUFG has a global network with approximately 2,000 locations in more than 40 countries. MUFG’s Americas operations, including its offices in the U.S., Latin America, and Canada, are primarily organized under MUFG Bank, Ltd. and subsidiaries, and are focused on Global Corporate and Investment Banking, Japanese Corporate Banking, and Global Markets. For locations, banking capabilities and services, career opportunities, and more, visit https://www.mufgamericas.com/.

SOURCE Generate Capital

New practice builds on deep sector experience in physical AI and robotics, manufacturing, retail innovation, transportation and logistics, and public safety

SAN FRANCISCO and NEW YORK, Sept. 15, 2026 — Mission North, a strategic communications agency for consequential companies, today announced its new Physical Industries practice, serving companies that put AI into the machines, public spaces, stores, and supply chains that make, move, and sell things in the real world. The practice launches with a focus on physical AI applications across four verticals: commerce, manufacturing, mobility, and aerospace and defense. Executive Vice President Melinda Ball and Vice President Eric Stephens will lead the practice under Co-CEO Bill Bourdon.

The practice formalizes work Mission North has done for years advising leaders in robotics, autonomous manufacturing, transportation, public safety, retail, logistics, and operational technology. Current and former clients include Apptronik, Axon, Instacart, Google, Narvar, Simbe Robotics, Stord, Skyryse, and Verkada. The practice serves digital-native companies building this technology, the incumbents adopting it, and the investors backing both.

“AI is now reshaping how the physical world runs,” said Bill Bourdon, co-CEO, Mission North. “It has moved off the screen and into the spaces, machines, and stores that define the global economy. Melinda and Eric have spent years building the knowledge, relationships, and strategic frameworks companies in this space need to stand out. Codifying that expertise into a dedicated practice is a natural next step.”

AI has changed how work gets done and is transforming the machinery underneath everyday life. Robots fulfill orders in warehouses and carry passengers on city streets. Software routes same-day deliveries. Sensors inside trains and planes flag when a system is failing. Robotic arms assemble our smartphones. The groceries in a cart and the package on a doorstep now move through decisions a machine makes.

“Companies in physical industries are facing growing scrutiny,” said Melinda Ball, EVP, Mission North. “The decisions they make about product safety, policy, and community engagement, as well as how they communicate their progress, all shape trust—and trust often determines whether a company succeeds. The most compelling innovation stories go beyond what your product does; they show the meaningful difference it makes in people’s lives.”

“Physical AI is one of the biggest and most exciting investment themes of the next decade,” said Burke Norton, co-founder of Smith Point Capital. “The companies that will define this category are embedding AI into the load-bearing systems that build, operate, and sell things in the physical world—a fundamentally harder problem than shipping software. Getting that distinction right is what separates credibility from hype.”

“The most meaningful AI innovations are those that solve everyday challenges, and few industries are as physical or as universally understood as grocery,” said Francisca Fanucchi, senior director of communications, Instacart. “Mission North has been a strategic partner in translating complex technology into a clear, compelling narrative that resonates with retailers, consumers, media, and the broader industry.” 

Melinda Ball brings deep global market experience and a track record of pairing bold creative thinking with strategic execution for early-stage startups and global Fortune 500 brands. She has led integrated communications programs both domestically and in the Middle East, driving strategy for category-leading organizations including Shopify, Instacart, Stord, Shift5, FedEx, and Lockheed Martin.

Eric Stephens has led communications programs for robotics leaders, including Simbe Robotics, Standard Bots, and Apptronik, which included launching its Apollo humanoid robot. He has also built programs for Manhattan Associates, Ciena, Shippo, and others, spanning both incumbent and emerging players across physical industry verticals.

About Mission North

Mission North is a strategic communications agency for consequential companies to accelerate their market impact at every growth stage. The agency is headquartered in New York and San Francisco, with hubs in Los Angeles, Boston, Washington D.C., and Portland, Oregon. For more information visit www.missionnorth.com.

About Mission North’s Physical Industries Practice

Mission North’s Physical Industries Practice serves companies bringing AI to the real world, spanning industries including commerce, manufacturing, mobility, and aerospace and defense. The practice helps digital-native disruptors, industrial incumbents, and the investors backing them build the narrative infrastructure to earn category authority, stakeholder trust, and the credibility to lead. For more information, visit www.missionnorth.com/expertise.

Media Contact:

Shara Seigel, Vice President, Media Strategy at Mission North — [email protected] 

SOURCE Mission North

Companies based in the UK can now access Ramp’s finance platform, backed by local
payments infrastructure and supported by a growing London team

LONDON, Sept. 15, 2026 — Ramp today announced it has officially launched in the UK, making its corporate finance platform available to UK based businesses. It is the company’s first major move outside North America following its announcement in July that it had expanded into Canada.

More than 70,000 companies like Shopify and Virgin Voyages use Ramp to manage their corporate cards and expenses, bill payments, procurement, travel, and treasury on a single platform. The median Ramp customer saves 5% on expenses and grows revenue 16% in their first year on the platform.

Ramp comes to the UK with regulated payments capability. In March 2026, the company acquired Billhop, a payments platform based in Stockholm and London, giving Ramp regulatory payments authorisation in both the UK and the EU. Ramp now has growing offices in London and Stockholm with European customers already live on the platform following a beta phase.

Jacob Wallenberg, VP, International Expansion at Ramp said: “The UK is home to some of the fastest-growing companies in Europe, and we built our product to match that. We have a team based right here in London and we can’t wait to get to work.”

UK companies have been onboarding since the summer. UK-based AI voice agents platform ElevenLabs is among the companies that have been using Ramp’s platform as it grows internationally. ElevenLabs runs bill pay, corporate cards and AI token spend management on Ramp. Automation codes 99% of invoices and 99.8% of card transactions, saving a three-person finance team ~24 hours a month.

Maciej Mylik, Finance, ElevenLabs said: “We don’t want to build at the frontier only in research and product. We want it in every function we have, including this one. Which means breaking the stereotype that a finance team scales with the company.”

London-headquartered Attio has also been using Ramp’s platform to consolidate its finance stack, using Ramp’s corporate cards and overseeing expenses.

Roberto Restrepo, Head of Finance at Attio said: “Ramp replaced our fragmented finance stack with one AI-first platform giving us the context and automation we need to operate globally. Ramp has completely changed how I spend my time. Instead of managing finance tools, I can focus on driving the business forward.”

Ramp is working with Visa to support its corporate card offering for UK businesses, combining Ramp’s spend management platform with Visa’s global payments network.

Lucy Demery, SVP Head of Visa Commercial Solutions, Europe said: “The UK is one of the world’s most dynamic markets for business payments and fintech innovation, making it an exciting next step for Ramp’s international growth. At Visa, we’re proud to partner with Ramp to transform B2B payments at scale. Together, we’re helping UK businesses access smarter financial solutions, to unlock new growth in the digital economy.”

A new category of spend

Ramp’s arrival in the UK coincides with a shift in what finance teams are being asked to control. AI spending has grown roughly 21x across Ramp customers since June 2025 and the heaviest AI spenders see costs climb 50% or more roughly every quarter.

Token spend behaves unlike any line item that came before it. It’s usage-based, can swing day to day, and is scattered across providers, models, teams, projects and API keys – which makes it difficult for finance to see what’s actually happening.

“The issue is not that companies are spending too much on AI. It’s that they’re spending blindly,” said Wallenberg. “Ramp’s token spend intelligence tools break costs down by model and team, separate cost of goods sold from operating expenditure, and flag anomalies and savings opportunities automatically.”

Ramp’s increasing momentum
Ramp’s entry to the UK comes after a busy quarter in which the company made a succession of product announcements including:

• Ramp Stack: the AI operating system built for today’s top accountants and accounting firms.
• Stablecoin payments: send and receive USDC and USDT anywhere in the world.
• Token spend management: gain visibility and control over AI costs.
• Router: reduce inference costs by matching every request to the lowest-cost model for the job.

In addition, the company raised $750 million at a $44 billion valuation in June and launched for businesses in Canada in July.

Learn more about Ramp’s UK capabilities at http://ramp.com/uk.

About Ramp
Ramp is how companies save time and money on every dollar they spend. It’s the smart financial infrastructure behind every card swipe, invoice and reimbursement — streamlining approvals, processing payments and closing the books automatically. More than 70,000 organizations, from family farms and space startups to the Fortune 100, have saved over $12 billion and 27 million hours with Ramp. For the median customer, that translates to 5% savings on expenses and 16% revenue growth in their first year. Founded in 2019, Ramp powers over $200 billion in purchases annually. Learn more at www.ramp.com.

Contact
[email protected] 

SOURCE Ramp

As foundation models grow more capable, deploying them requires more power, memory bandwidth, and capital while adding infrastructure complexity. EUCLYD is developing a platform spanning crafted compute, innovative memory architecture, and datacenter systems to break this efficiency wall and transform AI inference economics.

EUCLYD’s long-term vision is Abundant Intelligence: a future in which advanced AI is no longer constrained by infrastructure cost, power availability, or geography. Founded by Bernardo Kastrup and Atul Sinha at High Tech Campus Eindhoven, Europe’s smartest square kilometer, EUCLYD draws on the campus’s semiconductor ecosystem and Europe’s engineering heritage.

At the center of EUCLYD’s roadmap are craftwerk, the world’s first agentic AI silicon, and craftwerk station CWS, the world’s lowest-power exascale AI factory. The platform combines programmable ASIC compute, processor-memory co-design, and system-level optimization to overcome the memory and efficiency walls limiting AI performance and scalability.

“AI is becoming a foundation of economic growth, scientific discovery, and national competitiveness, but its potential will remain constrained unless we fundamentally change the infrastructure beneath it,” said Bernardo Kastrup, Founder and Chief Executive Officer of EUCLYD. “This financing accelerates our mission to make intelligence abundant through greater efficiency, lower cost per token, and broader access to advanced AI.”

“The next phase of AI will be defined not only by model innovation, but also by the efficiency and scalability of its infrastructure,” said Dede Goldschmidt, Senior Vice President of Samsung Electronics and Head of the Samsung Semiconductor Innovation Center. “EUCLYD combines an accomplished team with a differentiated vision addressing constraints in AI datacenters.”

“Europe has the engineering talent to produce globally significant technology companies,” said Ted Persson, Partner at EQT and Co-Head of the Scaleup Europe Fund. “EUCLYD combines deep semiconductor expertise with a mission to tackle some of the hardest constraints in AI infrastructure. That mix of European engineering depth and global ambition is what we’re here to back.”

“Europe possesses world-class capabilities across semiconductors, advanced manufacturing, and systems engineering,” said Peter Wennink, Chairman of the Board of EUCLYD and former President and Chief Executive Officer of ASML. “EUCLYD can transform those strengths into a globally competitive AI infrastructure platform.”

The financing will expand EUCLYD’s engineering organization, accelerate its silicon and systems roadmap, strengthen ecosystem partnerships, and prepare the company for commercial deployment across enterprise, sovereign, and hyperscale AI markets.

ABOUT EUCLYD
EUCLYD is a European semiconductor systems company developing ultra-efficient infrastructure for foundation AI models. Its roadmap spans agentic AI silicon, advanced memory architecture, and datacenter systems engineered to reduce cost, energy use, and footprint. EUCLYD is headquartered in Eindhoven, the Netherlands.

https://euclyd.ai/

MEDIA CONTACT
Catchfire
[email protected]

NOTES TO EDITORS

Investor Information

About the Scaleup Europe Fund, managed by EQT
The Scaleup Europe Fund, managed by EQT, is a commercially driven alternative investment fund backing ambitious European technology companies with the potential to become global leaders. Targeting €5 billion, the Fund brings together public and private capital and invests across Deeptech, AI and Life Sciences.

EQT is a global investment organization with a Nordic heritage and more than three decades of experience developing companies. With €341 billion in total assets under management, EQT invests across the full lifecycle of companies, from start-up to maturity.

About Somerset Capital Partners
Somerset Capital Partners was founded in 2005 by Joes Daemen and pursues a long-term, multi-asset investment strategy. We invest both directly and indirectly across a diverse range of sectors, including technology, real estate, strategic land, data centres, consumer, and healthcare.

We partner with ambitious entrepreneurs and founders, recognising that transformative ideas require capital, conviction, and time. Therefore, we are committed to fostering enduring and impactful long-term relationships.

About Innovation Industries
Innovation Industries is a leading European Deep tech venture capital firm with €1 billion in capital under management. The firm invests in visionary science and engineering-based companies that tackle the world’s most pressing challenges. With a strong belief that Deep tech can deliver both outsized financial returns and global impact, Innovation Industries partners with exceptional entrepreneurs and researchers to turn scientific breakthroughs into transformative companies. The firm provides long-term capital and strategic support from lab to scale, actively bridging the gap between academia and industry through close collaboration with leading technical universities, research institutions and industry partners. Innovation Industries has offices in Amsterdam, Eindhoven and Munich.

About EIFO 
As Denmark’s national promotional bank and official export credit agency, EIFO works to open doors for global business, drive the green transition, advance innovative technologies, and contribute to Denmark’s security.

With total commitments exceeding EUR 24 billion and activities in more than 100 countries, EIFO provides financial solutions to Danish companies and their global partners.

EIFO is also Denmark’s most active venture investor, investing in startups and VC-funds. In 2025, EIFO made 31 new investments in companies and 15 in funds. Altogether, EIFO has an investment portfolio of just over EUR 2,7 billion.

About imec.xpand
imec.xpand is one of the world’s largest independent venture capital funds dedicated to early-stage semiconductor innovation. It targets ambitious startups where the knowledge, expertise and infrastructure of imec, the world-renowned semiconductor and nanotechnology R&D center, can play a determining role in their growth. imec.xpand has an outspoken international mindset towards building disruptive global companies and strongly believes that sufficient funding from the start is key to future success.

About Brabant Development Agency
Entrepreneurship is the driver of innovation – from sustainable food sources to a healthy future, climate-neutral energy, and developing promising key technologies. The Brabant Development Agency (BOM) ensures that startups playing a role in these fields receive the right support and funding to get off to a solid start and grow into scaleups, and that companies that aspire to go global can actually do so. BOM is an executive body of the Province of Brabant and the Ministry of Economic Affairs and Climate.

About Quadri
Quadri is a venture capital firm investing in category-defining companies across Enterprise AI, Physical AI, and AI Infrastructure. With offices in London and New York, we leverage our global enterprise network to accelerate commercial adoption and international expansion. For more information, visit quadri.vc.

NASHVILLE, Tenn., Sept. 14, 2026 — Payment Nerds, a merchant services and payment processing company, today announced that it has secured a $2 million credit facility from Espresso Capital, providing additional capital to support the company’s continued growth and expansion.

The financing will enable Payment Nerds to accelerate investments across its sales organization, technology infrastructure, strategic partnerships, and merchant services capabilities as the company expands its reach across the payments industry.

Founded by payments industry veteran Shawn Silver, Payment Nerds was built around a simple goal: to create a more modern and flexible approach to merchant services while giving businesses the technology, support, and payment solutions they need to grow.

“We built Payment Nerds with a clear vision for what modern merchant services should look like — more flexible, more technology-driven, and more aligned with the needs of the businesses we serve,” said Shawn Silver, Founder and CEO of Payment Nerds. “This partnership with Espresso Capital gives us additional capital and flexibility to invest in the business at an important stage of our growth. We’re focused on expanding our team, strengthening our technology and infrastructure, and continuing to build a company that can scale alongside our merchants and partners.”

The non-dilutive credit facility gives Payment Nerds additional financial flexibility to pursue growth initiatives while preserving the company’s existing equity structure. The capital is expected to support continued expansion of the company’s sales and marketing efforts, technology and integration capabilities, and strategic hiring.

The financing also comes as Payment Nerds continues to strengthen its leadership team and expand its capabilities across specialized merchant segments. The company recently appointed Jacob Martin as Vice President of Sales, bringing more than 10 years of payments and merchant services experience to the organization, and promoted Trae Holthouse to Sales Manager as part of its continued investment in sales leadership and team development.

“Securing this facility is an important milestone for Payment Nerds, but more importantly, it gives us the flexibility to keep executing on the opportunities in front of us,” said Silver. “We have a lot of work ahead of us, and we’re excited about where we’re going.”

About Payment Nerds

Payment Nerds is a merchant services and payment processing company providing businesses with flexible solutions for accepting and managing payments. The company serves businesses across retail, e-commerce, and specialized industries, with a focus on streamlined onboarding, payment technology, integrations, and dedicated merchant support.

Founded by payments industry veteran Shawn Silver, Payment Nerds was created to bring a more modern approach to merchant services and build long-term relationships with the businesses and partners it serves.

Learn more at paymentnerds.com.

About Espresso Capital

Espresso Capital provides innovative credit solutions to growth-stage technology companies. Since 2009, Espresso Capital has helped hundreds of technology companies and their investors accelerate growth, extend runway, and increase strategic flexibility through flexible, non-dilutive capital solutions.

Learn more at Espresso Capital.

SOURCE Payment Nerds