BERN, Switzerland, Oct. 21, 2025 — HULO, a Dutch WaterTech startup using AI to detect leaks in water infrastructure worldwide, has raised a €2.3 million seed round to accelerate its global expansion. The round was led by VP Capital and LUMO Labs with participation of Vanagon, Rabobank, the FOM and the Netherlands Enabling Water Technology fund (NEW).

HULO’s SaaS-based platform uses pressure and flow data from existing utility systems to detect, localize, and prioritize leaks and anomalies. It combines AI and physics-based models to understand the dynamic behaviour of each unique network. The platform integrates seamlessly into existing utility operations, without the need for new hardware or district metered areas (DMAs).

“Water scarcity is emerging as one of the world’s most pressing environmental constraints, with around 30% of treated water lost globally, often through ageing water network infrastructure,” said Erica van Eeghen, Senior Manager Ventures, VP Capital. She continued, “HULO’s ability to detect leaks early, using advanced AI rather than expensive sensors, is exactly the kind of lean, scalable innovation that fits our investment lens. This is a domain where measurable environmental impact and efficiency go hand in hand. We’re glad to join forces with such thoughtful co-investors and a technically sharp founding team.”

HULO is active in the Netherlands, the EU, and the UK, and has taken first steps into Latin America. The new funding will be used to accelerate deployment in focus markets and expand HULO’s capabilities in AI, network analytics, cybersecurity, and customer success to further increase their global impact.

Dagmar van Ravenswaay Claasen, Senior Partner LUMO Labs highlighted, “Based on the measurable environmental impact they are already making: the company is on track to help save the equivalent of over 4 million Olympic-size swimming pools every year by 2030.”

HULO’s hardware- and network-agnostic approach leverages the data utilities already collect, eliminating the need for costly hardware or network segmentation. This results in fast, scalable, and cost-effective leak detection across a wide range of environments.

“The future of water infrastructure requires that digital innovation integrates with the operational reality of today’s networks,” said Robbert Lodewijks, co-founder of HULO. “We’re building solutions that are both powerful and practical — enabling water utilities to take action without overhauling their systems.”

Traditional methods rely on physical inspections, assumptions, or broad hydraulic modelling. HULO’s approach is driven directly by operational data. By continuously learning from real-time flow and pressure signals, the platform surfaces actionable insights where and when they matter most. It’s a fundamental shift: from reactive leak hunting to proactive, data-informed water management.

The Netherlands are renowned for their expertise and commitment to water management, but HULO’s international expansion and the participation of German venture capital fund Vanagon in their latest investment round, underlines the need for innovative water management is ubiquitous.

Water systems are critical infrastructure — and a resilient Europe depends on transparency and fast reaction to prevent malfunctions or even attacks. With 30% of drinking water in the EU lost due to leakages, the need for AI-powered monitoring is urgent. At Vanagon, we invest in AI-native DeepTech teams tackling exactly these challenges, and HULO is a great example: a team using cutting-edge digital tools to solve one of Europe’s most pressing infrastructure problems. – Axel Roitzsch, Co-Founder & General Partner Vanagon.

NEW-ttt and FOM have a focus on accelerating innovation in water technology and we are proud to be part of the success of HULO, a great example of Dutch innovation capacity originated from Wetsus, the institute for Sustainable Water technology in Leeuwarden. We believe HULO has both the team and the technology to make lasting impact in saving water globally. Sybo Zijlstra – Investment Manager

“Rabobank supports groundbreaking innovations that contribute to sustainable water management. Hulo.ai, developed within the innovation hub Wetsus in Leeuwarden – a strategic Rabobank partner – is creating technology that helps reduce global water losses. We proudly support their mission to make a lasting impact.”

VP Capital

About VP Capital

VP Capital is a single-family office based in Belgium and the Netherlands. The Van Puijenbroek family started their activities over 150 years ago. Our current strategy is an impact-first strategy that aims to contribute to biodiversity, the climate, and social equality, by focusing on regenerative, circular, biobased, net-zero, toxicity free and inclusive solutions.

Today we manage a diversified portfolio with an all-round team in various asset classes, including ventures. In our venture portfolio we focus on the domains energy transition, agrifood, clean technology, textile and built environment. VP Capital is B Corp-certified, and our CO2 reduction targets have been validated by the Science Based Targets initiative.

VP Capital: Driven by Impact

LUMO Labs

LUMO Rise Fund is a MEUR 100 multi-stage (Pre-Seed to Series A) impact-driven venture capital fund, with a proprietary startup coaching program for purpose-driven founders, who seek to bring technological innovations to the market to help solve social and environmental challenges.

LUMO Rise Fund invests in scalable and financially sustainable operating systems, infrastructures, and platforms based on and/or related to emerging and potentially disruptive technologies, such as Artificial Intelligence & Data, Blockchain, Internet of Things, Digital Security, and Extended Realities (AR/VR). The fund’s impact focus is best identified as the bottom-up crossroads between the following UN SDGs: Health & Wellbeing, Quality Education, Sustainable Cities & Communities, and Climate Action.

The primary investment region is Benelux and Germany, and secondary Nordics, Baltics and the Iberian Peninsula. LUMO Rise Fund is the successor fund of LUMO Fund II managed by LUMO Labs, founded in 2016 by former tech entrepreneurs Andy Lürling and Sven Bakkes.

Vanagon

Vanagon is a (pre-)seed fund based in Munich: Europe’s  DeepTech hub. We are purpose-built for sovereign-edge technology in Industrial, Nature, and Digital Infrastructure – to seize the €3T DeepTech opportunity in Europe. We are partners from day one to fuel the journey to Series-A and beyond.

New TTT & FOM

FOM
The Frisian Development Fund (FOM), initiated by the Province of Fryslân, is a regional investment fund supporting innovative SMEs. FOM provides risk capital to entrepreneurs in sectors such as Water Technology, Agrifood, High Tech Systems & Materials, Life Sciences & Health, and Maritime. In doing so, FOM helps innovative companies grow and strengthen the regional economy.

NEW-ttt
The Netherlands Enabling Water Technology (NEW-ttt) Fund is an initiative of Wetsus, Deltares, the University of Groningen and NOM. It combines top research and early-stage funding to accelerate promising water technology start-ups. The program focuses on four main themes: water purification, reuse of water and resources, production and storage of energy from water, and smarter management of water systems.

Not for publication:

For quotes, additional media or interviews with founders:

HULO Media contact:
Frans van Uffelen, MarCom director.
[email protected] / [email protected]
+31624438379

Photo – https://mma.prnewswire.com/media/2800528/Hulo_ai.jpg

SOURCE Hulo.ai

Seneca builds autonomous aerial systems that launch instantly, deliver powerful fire suppression, and use AI to locate and knock down fires before they spread

SAN FRANCISCO, Oct. 20, 2025 — Seneca, the resilience technology and infrastructure company, today announced its public launch and a $60 million financing round. The round, believed to be the largest venture capital round in fire technology to date, was led by Caffeinated Capital and Convective Capital, with participation from First Round Capital, Transition VC, Advance Venture Partners, Nextview Ventures, Bullpen Capital, Stepstone Group, DCVC, Offline Ventures, Roar Capital, and Slow Ventures.

Fire intensity in the United States has nearly more than doubled over the past two decades, costing the economy an estimated $1 trillion annually and putting 115 million Americans at risk. 2025 will be the most expensive and destructive fire year in U.S. history. The damage extends far beyond burned homes, reaching deep into the air we breathe, the water we drink, and the forests that sustain our way of life.

Seneca is building the first and only autonomous fire suppression system that includes autonomous suppression drones that carry >100 lbs, shoot with >100 PSI, launch from anywhere, use AI to navigate and knock down fires, and cut response times to under ten minutes. The modular aerial systems can be launched remotely, needing only an approximate fire location, and strike fast, targeting the critical window that determines whether a spark becomes a megafire. Built alongside U.S. fire leaders, Seneca’s technology additionally strengthens prescribed burns and fuel reduction efforts to help communities manage fire risk year-round.

“Firefighters are heroes who run into burning buildings and fly helicopters into hurricane-force winds to protect lives and property,” said Stuart Landesberg, Founder and CEO of Seneca. “Our hope is to empower firefighters in situations that were previously impossible, unsafe, or inefficient. The American way of life has always been about pioneering. Technology is how we will protect communities, preserve our environment, and create a more resilient civilization.”

Seneca was developed in collaboration with the world’s leading fire agencies and public safety partners, including San Bernardino County Fire, Aspen Fire Department, and other agencies across the American West. The company’s Advisory Board includes prominent fire service leaders, such as Dr. Lori Moore-Merrell, former U.S. Fire Administrator; John Mills, Founder and CEO of Watch Duty; and Rick Balentine, 25-year Chief of Aspen Fire Department.

“Rapid initial attack is the best chance we have to save money, property, and lives,” said Dan Munsey, Fire Chief of San Bernardino County Fire Protection District and Chairperson of the International Association of Fire Chiefs Technology Council. “In San Bernardino County we have a vision of keeping wildfire 100 square feet or less… this is a far departure from the industry standard of 10 acres or less. We can only achieve this ambitious goal with an ambitious vision. Seneca is a huge part of that vision.”

“A century of neglect and mismanagement has primed our forests and communities for catastrophic wildfire – meaning if we don’t catch fire quickly in adverse conditions we can rarely catch it at all,” said Bill Clerico, Managing Partner of Convective Capital. “Seneca’s vision for rapid, drone-based response is a critical missing capability that allows firefighters to conduct suppression operations when it is still feasible to do so. This should be considered essential for stakeholders ranging from fire agencies to utilities, to municipalities; the opportunity for impact is enormous.”

The company will use this funding to improve capabilities, harden the overall system, increase production, and roll out the first systems to the field to save lives during the 2026 fire season.

For more information, visit www.seneca.com.

About Seneca
Seneca builds advanced firefighting technology for situations that were previously unsafe, inefficient, or impossible. The company’s mission is to protect 500 million acres in the U.S. and allied nations by 2035.

SOURCE Seneca

• The company surpassed two million active credit customers and has consolidated its position as the fastest-growing digital financial platform in Latin America.
• This transaction was led by Kora, and built on an earlier investment by Televisa-Univision
• Plata has now invested over $1 billion in Mexico, reflecting the continued trust of global investors and the strength of its financial and technological model.

MEXICO CITY, Oct. 20, 2025 — Plata, the Mexican digital financial platform that obtained its banking license in December 2024 and awaits the authorization to begin banking operations(1), announced the completion of $250 million in new equity investment, which brings Plata’s valuation to $3.1 billion.

The transaction consists of a mix of a primary equity raise (the “Series B”) and a secondary equity transaction. This round was led by Kora with participation from Moore Strategic Ventures, Audeo Ventures, Spice Expeditions, Hedosophia, several U.S. and European family offices, and builds on an earlier investment by Televisa-Univision.

With more than $1 billion invested in Mexico, much of it backed by international capital, Plata now serves as a key bridge connecting global capital to Mexico’s vibrant financial ecosystem.  With this new equity round, Plata will continue to capitalize on a strong market backdrop and a rapidly expanding, yet underserved, financial services landscape in Mexico, where more than 60% of the adult population doesn’t have access to credit(2). Reflecting this growth potential, Plata has surpassed two million active credit customers in less than 30 months, solidifying its position as the fastest-growing digital financial platform in Latin America.

“The growth we have achieved in such a short time demonstrates a clear strategy and a shared conviction: build a strong institution from its foundations. This transaction reflects investors’ confidence, the strength of our technological model, and the talent we have assembled. We set out to create a digital bank built on innovation, operational excellence, compliance, and efficiency—and today, we are seeing the results of that effort,” said Neri Tollardo, Co-Founder and CEO of Plata.

“We believe Plata represents the new standard for digital banking in emerging markets,” said Nitin Saigal, Co-Founder of Kora. “In a very short time, the company has demonstrated impressive execution, combining technological innovation with a clear vision for financial inclusion. We are excited to continue strengthening our partnership and to support Plata in this new phase of growth.“

Since its founding, Plata has developed its own technological and operational infrastructure. The core banking system, designed by its in-house engineering team, enables a fully digital model—without branches—featuring automated risk management and 24/7 personalized customer service. This structure was built from the outset to fully comply with the requirements established by local regulators, including the Central Bank of Mexico and the Comisión Nacional Bancaria y de Valores (CNBV). The company continues its regulatory process to obtain formal approval to begin banking operations, and with that, to expand its range of products within a robust framework of control and security.

(1)  Plata received its banking license in December 2024 and is currently awaiting approval to start operations as a bank.
(2)  Instituto Nacional de Estadística y Geografía, Encuesta Nacional de Inclusión Financiera (2024).

About Plata:

Plata is a high-tech Mexican financial platform authorized with a Banking license. Plata’s promise in Mexico is to raise the standards of financial products and services through innovation, excellence in customer service, and greater benefits for people’s money. Plata is on the mission to transform the Mexican financial experience by overcoming the limitations of traditional banking. Backed by its own technology, Plata offers a simpler, safer, and more efficient financial experience.

With a team of over 2,500 employees, Plata has developed its own banking infrastructure and works with the support of AI, which allows the company to make a difference in the financial landscape. In two and a half years of operations in Mexico, Plata has achieved two million active customers of its credit product. platacard.mx 

SOURCE Plata

LOS ANGELES, Oct. 20, 2025 — KittyHawk, a technology investment firm dedicated to supporting innovative seed to late-stage pre-IPO companies, today announced the acquisition of Exit Ventures, an early-stage venture firm focused on renewable energy, AI infrastructure, and sustainable materials. As part of the transaction, Exit Ventures’ founder Paul Burgon will join KittyHawk as a Partner, bringing more than 30 years of investment and operating leadership to accelerate the growth of KittyHawk’s Frontier funds.

The acquisition strengthens KittyHawk’s position as a leader in frontier technology investing by expanding its reach into renewable energy and climate innovation. By integrating Exit Ventures with KittyHawk’s existing Frontier funds, the firm is enhancing opportunities for strategic exits and deepening its corporate investor network.

“The acquisition of Exit Ventures brings a highly complementary portfolio of energy, climate, and AI infrastructure companies and relationships that will immediately strengthen KittyHawk’s platform,” said Will Weisman, Founder and Managing Partner of KittyHawk. “By combining our firms, we’re expanding our reach into some of the most critical frontier markets. Paul’s proven ability to create strategic exits and his unmatched network of corporate and strategic investors will be invaluable in accelerating outcomes for both our new and existing founders and investors. This combination positions KittyHawk at the forefront of next-generation energy and climate innovation.”

Paul Burgon has led nearly 100 M&A and corporate venture capital investments and exits worth over $3 billion. He co-created the Danaher acquisition and corporate venture system, recognized as one of the most successful in the U.S. His career spans senior leadership roles at Danaher, Steel Partners, and SWK Holdings, as well as serving as CEO of a climate tech startup that achieved a successful exit. Through Exit Ventures, Paul built a track record of advancing renewable energy and sustainable technologies, often in partnership with corporate co-investors.

“I am honored to join KittyHawk and look forward to collaborating with this amazing team,” said Paul Burgon. “I was drawn to KittyHawk’s commitment to highly disruptive technologies that address critical global issues and massive markets. I’m especially excited to bring the Exit Ventures portfolio into KittyHawk, where these companies will benefit from the firm’s global platform and resources. Together, we can accelerate commercialization of critical technologies, create meaningful liquidity for founders and investors, and drive real impact.”

For more information about KittyHawk, please visit www.kittyhawkvc.com.

About KittyHawk

KittyHawk is a global investment firm focused on leading-edge companies from seed stage to pre-IPO. Through its Frontier and Secondaries strategies, the firm partners with mission-driven entrepreneurs to build transformative organizations. Headquartered in Los Angeles, KittyHawk has a presence in San Francisco, Salt Lake City, Austin, New York, London, the UAE, Riyadh, and Australia.

Contact: [email protected]

SOURCE KittyHawk

Milvus’s proprietary materials have been independently validated for their superior performance and durability. With this new funding, the company will accelerate its mission to recreate Earth’s rarest metals from abundant elements and scale commercialization across clean energy, transport, electronics, and chemical manufacturing.

Engineering the Next-Generation of Engineered Alternative Elements  
Today’s energy and electronics sectors rely heavily on rare metals such as platinum group metals: scarce, expensive, and sourced from geopolitically fragile regions. This creates cost volatility, insecure supply chains, and environmental damage. Milvus eliminates these constraints by recreating the properties of rare metals using sustainable, earth-abundant nanoalloys that deliver equal or superior performance, with a focus on electrochemical and optoelectronic applications.

Milvus Advanced is tackling this bottleneck by recreating their properties using sustainable, earth-abundant nanoalloys delivering equal or superior performance of these critical elements, focusing first on electrochemical and optoelectronic applications at a fraction of the cost without relying on supply chain unreliability.

Milvus operates on a B2B model, delivering next-generation nanoalloy technologies to sectors where performance, cost, and sustainability intersect. Deep tech industries are urgently seeking new material alternatives. Milvus is uniquely positioned to unlock the next materials revolution.

Key application areas include:

• Clean Energy & Transport: Enhance efficiency in hydrogen and solar systems performance
• Chemical Manufacturing: Enable cleaner, more energy-efficient industrial reactions
• Electronics: Improve device performance, energy efficiency, and longevity

Reshaping the Catalyst Industry

“What if the periodic table did not limit us?” said Assia Kasdi, CEO of Milvus Advanced.  “We are rewriting the elemental rules: our technology offers a clear path to scale low-carbon solutions without relying on rare materials. This funding fuels our mission to scale production, grow our team, and bring our metal substitutes to industries building the next generation of climate solutions.”

With the seed capital, Milvus will continue to rapidly move from scientific breakthrough to scalable impact. Its first-of-a-kind nanoalloys and membranes are already tested in partnership with global electrolyser OEMs and chemical manufacturers. With this funding, Milvus will expand its team, scale production and commercial partnerships, enter the U.S. market to establish advanced materials manufacturing and strategic partnerships, and deepen R&D into new material systems.

“Milvus is redefining what’s possible in material performance,” said Hussein Kanji, Founder and Partner at Hoxton Ventures. “Their materials have demonstrated superior results in demanding electrochemical and optoelectronic applications—and they’re doing it with a step-change in scalable production. At a time when industries are constrained by the limits of critical earth metals, Milvus is opening a new frontier that can accelerate clean energy, advanced manufacturing, and next-generation electronics.”

About Milvus 

Founded in Oxford, Milvus designs next generation of low-cost nanomaterials that replace some of the world’s most scarce and strategic materials in clean energy, catalysis and optoelectronics. By leveraging widely available elements and proprietary materials engineering, Milvus catalyzes a future where the energy transition is not only possible but elemental.

Media Contact:
Tim Turpin, CodePR
[email protected]

SOURCE Milvus Advanced

$4.3M-backed business automation platform eliminates coding requirement, processes 200,000+ decisions monthly

SEATTLE, Oct. 20, 2025 — Logic today announced general availability of its AI-powered decision automation platform, removing the waitlist after a year-long beta period. The company has raised $4.3 million in seed funding from Founders’ Co-op, Audacious, Ali Partovi’s Neo, current and former Brex execs, Convoy co-founder Dan Lewis, and others. Logic enables business teams to automate recurring decisions using only plain English descriptions.

Logic has already automated over 2 million decisions across industries including retail, fintech, and public safety. The platform allows teams to describe their decision or review processes in natural language — and deploy automations instantly as web apps, APIs, or integrations with existing tools.

“We built Logic because every company has hundreds of repetitive decisions that bottleneck growth,” said Steve Krenzel, CEO and co-founder of Logic. “Engineering teams shouldn’t need to code every business rule change. With Logic, domain experts own their logic and update it instantly.”

Unlike general workflow automation tools, Logic specializes in recurring decision-making processes where teams have traditionally leveraged human reviewers to follow defined SOPs. This includes areas such as product moderation, purchase order processing, and fraud detection. Logic automatically generates a production-ready API from a process description, allowing teams to automate recurring decisions at scale from any external tool or software.

“Before Logic, we could only moderate 1,000 products per day. Now we process 5,000 SKUs in real-time without delay,” said Sunil Gowda, CEO of Garmentory, an online marketplace. “We were able to drop our price floor from $50 to $15 as a result. Logic directly contributed to our best financial quarter ever.”

Key Platform Features

• Plain English automation: Write processes as you would explain them to a colleague
• Instant deployment: Generate web apps, APIs, or integrations in minutes
• Auto-generated testing: Built-in testing catches edge cases before deployment
• Version control: Full audit trail with instant rollback capability
• Enterprise security: SOC 2 Type II certified with 79+ security controls

For more information, visit logic.inc.

About Logic

Logic is an AI-powered decision automation platform that enables business teams to automate recurring processes without coding. Founded in 2024 by Steve Krenzel and Jess Garms, Logic helps companies scale decision-making and manual reviews through plain English descriptions that deploy as production-ready automations.

SOURCE Logic, Inc.

• Fund III advances Diversis’ strategy of accelerating the growth of software and tech-enabled companies
• Strong participation from diverse global base of new and existing institutional investors
• Fund III oversubscribed at hard cap

LOS ANGELES, Oct. 20, 2025 — Diversis Capital Management, LP (“Diversis” or the “Firm”), a Los Angeles-based private equity firm focused on investing in software and technology-enabled services organizations, today announced the completion of Diversis Capital Partners III, L.P. (the “Fund”), with over $1.2 billion of total commitments.

The oversubscribed fund reached its hard cap with strong participation from a diverse global base of new and existing institutional investors, surpassing its target of $850 million and bringing the firm’s total assets under management to over $3 billion. Diversis completed its Fund II fundraise in 2021 with $680 million of committed capital.

Diversis will continue to apply its disciplined investment philosophy to acquire assets with strong core foundations that can use the Firm‘s combination of growth capital, operational support and a unique strategic approach to excel beyond their current limitations. Diversis makes operationally focused control private equity investments in lower middle-market companies, primarily in businesses based in North America, and selectively in Europe and Australia.

Diversis Co-Founder and Managing Partner, Kevin Ma, said, “As we continue to build Diversis, we will focus on working with founders, corporations and teams to help unlock the next stage of profitable growth to create market leaders. We’ve seen a lot of success bringing the best practice, innovation and AI experience of our deep bench of operating partners to create scale and build long term value in our portfolio.  We are excited to double down on the execution of this strategy in our new fund. We’d like to thank our existing LPs who have supported us over the last several years and welcome our new LPs to the team.”

Diversis Co-Founder and Managing Partner, Ron Nayot, said, “We believe the successful completion of Fund III marks an important milestone for Diversis, validating our proven track record, disciplined investment strategy, and the strength of our people, portfolio leadership teams, and investors. Each of these groups plays a vital role in our continued success, and we are deeply grateful for their partnership as we begin deploying Fund III.  Looking ahead, we see tremendous opportunity across the software and technology-enabled sectors, particularly as artificial intelligence reshapes the competitive landscape.  As always, our goal remains to deliver superior returns for our investors through thoughtful execution, strategic partnership, and a relentless commitment to building enduring, technology-driven businesses.”

Fund III generated high demand from a diverse global base of new and existing institutional investors, including leading endowments and foundations, investment advisers and fund-of-funds, public and private pension plans, family offices, and financial and insurance institutions.

William Blair acted as exclusive global placement agent, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel.

About Diversis Capital
Founded in 2013, Diversis is a software and technology focused private equity fund that invests in lower middle-market companies, targeting situations where it can add unique value in helping a company reach the next level. With a collaborative approach to investing, its Operating Partners and Strategic Advisors work alongside management teams to help build successful organizations positioned for long-term growth. To learn more, visit www.diversis.com.

Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334

SOURCE Diversis

Company opens New York office, expands London headquarters, and adds senior leaders from Morgan Stanley and Revolut

LONDON, Oct. 20, 2025 — Finster AI, the AI-native platform for investment banks and asset managers, today announced $15 million in combined Series A and Seed funding. The Series A was led by FinTech Collective and the Seed was led by Peak XV, with ongoing participation from Hoxton Ventures.

The capital will support Finster’s New York expansion, accelerate the build-out of an industry-leading team, and fuel data and technology partnerships across the financial ecosystem.

Finster AI Mirrors How Finance Actually Works

Financial institutions operate under constraints that generic AI does not always address. Teams routinely handle confidential information and Material Nonpublic Information (MNPI), requiring strict controls and robust governance. Additionally, front-office workers have zero tolerance for hallucinations that can introduce risks of error in client communication, investment documents, and market research. Of equal importance is the need for accurate, real-time data, which heightens the requirement for high-quality, permissioned data.

In his seven years doing AI research at Google DeepMind, Sid Jayakumar watched the field mature and decided to found Finster AI in 2023. Informed by a deep understanding of information flow and user behavior in finance, Finster is personalized to every role, user and workflow. Whether drafting investment memos, conducting research, or assembling data and client materials, Finster provides an experience that Finance Professionals know and trust, all powered by state-of-the-art AI. 

“Finance has unique demands and AI is a critical tool for staying ahead of the market,” said Sid Jayakumar, Founder and CEO of Finster AI. “We designed Finster as a secure, scalable, and verifiable platform that doesn’t just support workflows; it anticipates them. Our mission is to help financial professionals move from reactive tasks to proactive, insight-driven decision-making at industry scale.”

Early Partnerships with Leading Global Institutions

Finster AI has already partnered with several leading financial institutions, including tier 1 global investment banks and asset managers. “Investment banks and asset managers are under increasing pressure to deliver deeper insights at greater speed,” said Sid Jayakumar. “There is no easy button for transformation. It takes true partnership, a deep understanding of workflows, and shared ambition. That’s why we’re privileged to already collaborate with some of the leading firms out there. Our mission is to be trusted partners, meeting teams where they work, with defensible outputs and a clear ROI.”

Leadership Additions: Experience at the Intersection of Finance & Technology

Finster has added seasoned leaders with track records at global financial and technology firms, including alumni of Revolut, Morgan Stanley, Rothschild & Co and Visible Alpha.

Chris Andrews has joined as Chief Operating Officer and will be based in New York. Andrews brings nearly two decades of experience at Morgan Stanley, most recently as Global COO of Research. He was deeply involved in transformative initiatives across Trading, Technology, and Research, seeing firsthand how innovation can reshape entire industries. Andrews stated, “Finster’s thoughtful design is defined by two strengths: a platform purpose-built for scale and trust, and a team with proven excellence across AI and finance creates a powerful foundation to help our clients adopt AI with confidence.”

Veeral Manek, joining from Revolut, will also take a product role. At Revolut, Veeral was General Manager of the rapidly growing Wealth & Trading business, delivering best-in-class trading and investing products to millions of customers worldwide. “For some time, I have been considering how AI will impact the future of work. I believe Sid and the team are building the most thoughtful solution to solve the unique complexities of the financial industry.”

Hussein Kanji , Founder and Partner at Hoxton Ventures, commented: “More than four decades ago, the Bloomberg Terminal brought speed of information and transparency to the financial markets. We believe Finster AI is at the forefront of a new transformation through its investment banking workflows. From the start, we saw Sid’s sharp insight and bold vision, and it’s exciting to see him now delivering — building an exceptional team and strong early traction.  Finster’s AI-native approach is solving critical inefficiencies where others have struggled, and we’re thrilled to support the team as they drive the next wave of innovation in financial services.”

“In getting to know Finster, we have been continuously impressed with Sid and the caliber of talent that he has attracted across the entire team,” said Toby Triebel, Partner, FinTech Collective. “Deep AI and financial services expertise are both essential ingredients to create truly impactful, deeply integrated enterprise-grade AI for such a complex industry. Already, the proof is in the product, which resonates with clients on a global scale thanks to their rigorous pace of execution that has catapulted them past even well-established players.”

About Finster AI

Finster AI is redefining the future of finance with its AI-native research and task automation platform. Founded by a team of experts from Google DeepMind, Meta AI and J.P. Morgan, Finster AI provides cutting-edge solutions to help financial professionals unlock insights faster and more efficiently. For information, visit Finster.AI.

Tim Turpin, CodePR
[email protected]

SOURCE Finster AI

DALLAS, Oct. 20, 2025 — MTX Group, a global leader in digital transformation and enterprise modernization, today announced the launch of MTX Ventures, a strategic investment arm dedicated to empowering visionary founders who are shaping the future of enterprise artificial intelligence (AI).

Through strategic smart capital and a privileged enterprise community, MTX Ventures provides founders with the resources, expertise, and market access needed to turn breakthrough ideas into real-world impact. As the strategic investment arm of MTX Group, MTX Ventures strengthens the company’s long-term innovation strategy by identifying emerging technologies, business models, and founders that complement MTX’s enterprise and public sector expertise.

“MTX Ventures fuels the next generation of enterprise AI-native technology companies driving digital transformation and social impact,” said Das Nobel, Founder and CEO of MTX Group. “At MTX, our mission has always been about outcomes that enhance happiness, health, and economics. With MTX Ventures, we’re expanding that mission by backing founders whose innovations can improve how organizations operate and how communities thrive. We’re investing in purpose-driven AI-native technology that makes a difference.”

MTX Ventures will focus on early to mid-stage companies developing enterprise software that aligns with MTX Group’s technology roadmap and public sector expertise. The fund will prioritize three investment areas:

• Pure-Play AI Products that deliver transformative improvements in enterprise efficiency, decision-making, and citizen experience.
• Technology Enhanced by AI, leveraging agentic AI to create competitive differentiation and measurable business outcomes.
• Cybersecurity Innovations that strengthen trust and compliance in large-scale enterprise and government AI adoption.

Portfolio founders gain access to MTX Group’s deep network, including:

• Exclusive Public Sector Access — Rapid introductions to key decision-makers within state, local, and federal government agencies.
• Accelerated Go-to-Market Support — Co-selling and integration with existing MTX client projects to reduce sales cycles.
• Hands-On Operational Mentorship — Guidance from MTX executives on scaling, compliance, and enterprise engagement.
• Global Resource Pool — Access to MTX’s global cloud, engineering, and data science teams.

“MTX Ventures is more than an investment platform—it’s a partnership built on trust, access, and shared vision,” said Nate Shilling, Chief Strategy Officer of MTX Group. “We’re empowering founders to build the next generation of enterprise and public sector AI solutions—faster, smarter, and with greater impact. Together, we’ll transform ambitious ideas into scalable realities.”

MTX Ventures operates as a wholly owned subsidiary of MTX Group, headquartered in Frisco, Texas, and represents a long-term strategic commitment to innovation, collaboration, and social impact across the global AI ecosystem. Through MTX Ventures, MTX Group continues to advance its global mission of driving measurable outcomes in happiness, health, and economics through technology that creates meaningful impact.

About MTX Ventures
MTX Ventures is the strategic investment arm of MTX Group, focused on empowering the next generation of enterprise AI and cybersecurity innovators. Through strategic smart capital and a privileged enterprise community, MTX Ventures fuels founders turning vision into market reality.

About MTX Group
MTX is a global technology consulting firm that serves as a trusted advisor for government agencies and businesses to modernize through digital transformation. With data as the new currency, MTX helps transform long-term strategy with outcomes focused on happiness, health, and economics. By partnering with leading cloud technologies, MTX improves decision-making with speed and quality.

SOURCE MTX Group