VERBIER, Switzerland, July 31, 2025 — Arctic Juice & Cafe is one of the fastest-growing healthy lifestyle cafe chains in Europe, operating locations in Switzerland, France, and other key markets. The Company, which is renowned for its ‘Born in the Mountains’ alpine story, will utilise this investment to accelerate its expansion across Europe and further develop initiatives that reward customers for maintaining active lifestyles. The funding will also support growth into new urban and international markets, as well as enhance the company’s sustainable supply chain operations.

“The global shift toward conscious consumption and wellness-focused lifestyles continues to accelerate, creating unprecedented demand for authentic, sustainable food and beverage experiences,” said Craig Huff, Founder and Managing Member of BoltRock Holdings. “We are excited to partner with Arctic Juice & Cafe, a company that has successfully redefined cafe culture by integrating alpine heritage, fitness, and premium offerings into a compelling brand experience, with a unique and differentiated story.”

Arctic Juice & Cafe designs and operates premium juice and coffee bars that serve specialty organic coffee, cold-pressed juice, and natural goodness brunch across major European locations including Val d’Isère, Verbier, Chamonix, Zermatt, Geneva, Lausanne, Annecy, Lyon, and Zurich. The company’s proprietary approach combines sustainable sourcing, wellness-focused menu design, and community engagement through fitness initiatives, serving health-conscious consumers who prioritise both quality of lifestyle and quality of what they eat.

“This investment validates Arctic Juice & Cafe’s mission to revolutionise daily lifestyle habits through exceptional organic coffee, clean juice, and healthy brunch-style natural food,” said Piers Ritchie, Founder and CEO of Arctic Juice & Cafe. “BoltRock shares our vision of creating a sustainable, active lifestyle brand with real purpose, and brings the strategic capital needed to expand our unique mountain-born cafe culture to major centres across Europe and beyond. Under this framework, we plan to work with BoltRock to significantly increase our store footprint and continue building a world-class organisation from the exciting base we have built to date. This is both significant and smart capital, and I’m very excited with us having strong new partners, who are also great people.”

“Arctic Juice & Cafe is led by an experienced founder with a proven track record in lifestyle brands and a deep understanding of the premium wellness market,” said Daniel Bondy, Managing Director of BoltRock Holdings. “We are thrilled to support Piers and his team as they scale this unique concept that authentically connects healthy living with cafe culture.”

Craig Huff and Daniel Bondy of BoltRock Holdings will join the company’s Board of Directors.

About Arctic Juice & Cafe

Founded in 2016, Arctic Juice & Cafe operates sustainable juice and coffee bars focused on three core product pillars: organic specialty coffee, clean juice, and energy-optimised natural food. The Company, which set out with a clear mission to enthuse a better quality of daily lifestyle. Arctic actively fosters a strong element of community fitness and wellbeing, as demonstrated by the Company’s CEO and Arctic Run Collective team completing the 2025 edition of the grueling Speed Project 500km footrace from Los Angeles to Las Vegas. Headquartered in Verbier, Switzerland, Arctic Juice & Café operates 15 locations across Switzerland and France, serving customers who embrace an active, sustainable lifestyle. Learn more at www.arcticjuicecafe.com.

About BoltRock Holdings

BoltRock Holdings is a family investment office based in New York City. BoltRock primarily focuses on providing flexible, patient, long-term capital to world-class companies in important industries.

Logo: https://mma.prnewswire.com/media/2741765/Arctic_Juice_Cafe_Logo.jpg

SOURCE Arctic Juice & Cafe

Funding accelerates Corsha’s machine identity platform protecting the rapidly expanding robotics and AI ecosystem

WASHINGTON, July 31, 2025 — Corsha, the first and only Machine Identity Provider (mIDP) purpose-built to secure machine-to-machine (M2M) communication across operational systems and critical infrastructure, today announced an investment from Cybernetix Ventures, a leading early-stage VC firm at the forefront of robotics, automation, and physical AI. The funds will accelerate Corsha’s mission to secure every machine connection across robotics and industrial autonomous systems.

Cybernetix Ventures’ investment highlights the growing need for secure identity and access management in the rapidly evolving world of robotics, connected machines, and physical AI. While cybersecurity has traditionally focused on protecting humans, the protection of machines and operational technology (OT) has been neglected. With industrial systems becoming increasingly autonomous and interconnected, Corsha’s patented machine identity platform (mIDP) ensures that every machine connection is continuously verified and authorized at machine speed and scale. Corsha brings the proven security benefits of dynamic machine identity into manufacturing APIs and protocols, delivering continuous verification as a core pillar of zero-trust for cloud, edge, and complex hybrid environments.

“Robotics, automation, and physical AI are transforming how the industrial world operates,” said Anusha Iyer, CEO and Founder of Corsha. “This shift demands an identity infrastructure purpose-built for machines. Cybernetix brings both capital and deep connections across this emerging frontier, and we’re excited to partner with them as we scale our platform to secure the next generation of connected, autonomous systems.”

This investment from Cybernetix Ventures comes as robotics and physical AI reshape industrial operations, driving demand for fine-grained machine identity and access control to ensure these systems operate safely, autonomously, and at scale.

“Robotics and industrial systems are under constant threat, yet most companies are still treating machine security as an afterthought,” said Mark Martin, General Partner at Cybernetix Ventures. “Corsha has solved the fundamental challenge of machine-to-machine authentication— delivering enterprise-grade identity management that seamlessly integrates into existing infrastructure. Anusha and her team aren’t just building another security tool; they’re establishing the foundational trust layer that every connected system will depend on. This is exactly the kind of infrastructure play that defines decades of industrial innovation.”

Corsha’s machine identity platform (mIDP) delivers:

• Strong, cryptographic machine identities for every system
• Dynamic authentication/authorization at every connection
• Automated lifecycle management for millions of machine identities
• Secure deployments in diverse environments from cloud to air-gapped, hybrid, and industrial

The Cybernetix Ventures investment joins Sinewave, Razor’s Edge Ventures, Ten Eleven Ventures, and Booz Allen Ventures in Corsha’s $18 million Series A-1 round.

To learn more about Corsha’s platform and mission, visit corsha.com.

About Corsha
Corsha is the first and only machine identity platform purpose-built to secure operational systems and critical infrastructure. Corsha’s patented Machine Identity Provider (m-IDP) allows enterprises to securely connect systems, move data, and automate with confidence from anywhere to anywhere. Corsha is backed by leading venture capital firms including SineWave, Razor’s Edge, Ten Eleven Ventures, Cybernetix Ventures, and Booz Allen Ventures.

SOURCE Corsha

Among the largest Regulation A+ real estate raises this year, with 10,000+ investors participating

SAN FRANCISCO, July 31, 2025 — Pacaso, the tech-enabled marketplace for co-owned luxury vacation homes, today announced it has raised more than $35 million from more than 10,000 individual investors¹ as part of its ongoing SEC-qualified Regulation A+ offering. This funding milestone reflects strong demand for access to real estate and early-stage equity opportunities.

Founded in 2020 by tech entrepreneurs Austin Allison and Spencer Rascoff, Pacaso enables buyers to co-own luxury vacation homes in top destinations around the world. The company offers ownership shares ranging from one-eighth to one-half, paired with professional management, turnkey design, and full-service support that includes scheduling, maintenance, and resale assistance. Since its launch, Pacaso has facilitated over $1 billion in transactions and service fees and generated more than $110 million in gross profit.

“Pacaso’s traction shows that there’s real demand for a new way to own and invest in luxury real estate,” said Austin Allison, Co-Founder and CEO of Pacaso. “This raise is about opening that opportunity to more people, at a greater scale.”

The offering gives both accredited and everyday investors the opportunity to purchase shares in a venture-backed company. Thousands have participated  to date,¹ reflecting clear interest in Pacaso’s model and growth plans.

Pacaso’s $35 million Tier 2 Regulation A+ raise significantly exceeds the historical Tier 2 average. According to the SEC’s Division of Economic and Risk Analysis (DERA), Tier 2 issuers raised an average of $12.5 million from 2015 through 2024 across more than 1,400 offerings.² Few real estate–focused issuers cross the $30 million mark, placing Pacaso’s offering among the largest of its kind in the past year.³

The funding milestone follows several strategic growth initiatives, including Pacaso’s reservation of the ticker symbol “PCSO” on the Nasdaq. While not a guarantee of future listing, it reflects the company’s long-term planning and evolving capital strategy.  Since its inception, Pacaso has now raised over $270 million across four rounds, backed by institutional investors such as Fifth Wall, Greycroft, and Maveron as well as individuals including Howard Schultz. In late 2024, the company launched its current financing round, leveraging Regulation A+ to expand access beyond traditional venture channels.

Pacaso operates in more than 40 top destinations across the United States, Mexico, and Europe. The company is further scaling to meet global demand with recently announced planned expansion into Italy and the Caribbean.

Its 2024 performance reflects that growth and operational discipline:

• $164.5 million in gross real estate transacted and associated fees (excluding whole-home sales)
• $23.6 million in adjusted gross profit, up 18 percent year-over-year
• 24 percent improvement in adjusted EBITDA loss, driven by reduced inventory and tighter cost structure

Earlier this year, Newsweek named Pacaso one of America’s Greatest Startup Workplaces,⁴ adding to earlier recognition from Forbes as a top startup employer.⁵ These national honors affirm Pacaso’s position as a standout company defined by a strong culture, disciplined execution, and a bold vision for long-term growth.

To learn more or participate in Pacaso’s current round, visit www.pacaso.com/invest.

About Pacaso
Co-founded by Austin Allison and Spencer Rascoff in 2020, Pacaso^® is a technology-enabled marketplace that modernizes real estate co-ownership, enabling families to effortlessly own a luxury vacation home and travel with confidence. Pacaso curates private residences in premier destinations across the U.S. and internationally, with exceptional amenities, luxury interiors and expert design. After purchase, Pacaso professionally manages the home, provides white-glove scheduling and personalized service, and ensures seamless resale.

¹ Investor participation. Based on internal company records as of July 2025 in connection with Pacaso’s ongoing Regulation A+ offering.
² SEC benchmark. “Regulation A and Regulation Crowdfunding Offerings: 2025 Update,” U.S. Securities and Exchange Commission, Division of Economic and Risk Analysis (DERA), June 2025.
³ Market comparison. Based on external industry research and publicly available issuer filings. The SEC does not publish average raise sizes by vertical; this comparison reflects aggregated data on real estate-focused Reg A+ campaigns.
⁴ Newsweek recognition. Pacaso was named one of America’s Greatest Startup Workplaces 2025 by Newsweek, in a study conducted with Plant-A Insights Group, published March 25, 2025.
⁵ Forbes ranking. Pacaso was ranked #10 in Forbes’ America’s Best Startup Employers 2025, published March 2025.

(1)We calculate Adjusted Gross Profit as gross profit under GAAP adjusted for amortization of developed technology, inventory valuation adjustment in the current period, inventory valuation adjustment in prior periods, impairments and write-offs and share-based compensation. Inventory valuation adjustment in the current period is calculated by adding back the inventory valuation adjustments recorded during the period on homes that remain in inventory at period end. Inventory valuation adjustment in prior periods is calculated by subtracting the inventory valuation adjustments recorded in prior periods on homes sold in the current period. Additionally, we calculate Adjusted Gross Profit Excluding Impact of Whole Homes, which is an indication of the performance of our core business offering of selling and managing co-owned real estate and is a useful measure of the volume of transactions that flow through our platform in a given period. We view this metric as an important measure of business performance, as it captures gross profit performance related to units transacted in a given period and provides comparability across reporting periods.

(2) We define Gross real estate transacted and associated service fees, excluding whole home sales, as the total dollar value, less any concessions, of co-ownership transacted during the period which includes co-ownership real estate sales, gain from real estate investments presented gross , real estate services, and the applicable margin on such transactions. We view this metric as an indication of the performance of our core business offering of selling co-owned real estate and is a useful measure of the volume of transactions that flow through our platform in a given period, which ultimately impacts gross profit.

(3) We define Adjusted EBITDA as net income or loss adjusted for interest expense, income tax expense, depreciation and amortization, share-based compensation expense, non-recurring expense, unrealized gain or loss on foreign currency, non-recurring impairment and write-offs, derivative expense and restructuring expense. Adjusted EBITDA is also adjusted to align the timing of inventory valuation adjustments recorded under GAAP to the period in which the related revenue or net gain on real estate investment is recorded in order to improve the comparability of the measure to our non-GAAP financial measure of adjusted gross profit above. We believe Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our results of operations, as well as providing a useful measure for period-to-period comparisons of our business performance adjusted for non-recurring or non-cash items. Moreover, we have included Adjusted EBITDA because it is a key measurement used by our management internally to make operating decisions, including those related to analyzing operating expenses, evaluating performance, and performing strategic planning and annual budgeting.

(4)Real estate inventory and real estate investments assets combined represent the total gross asset value, net of valuation adjustments and impairments, excluding the impact of associated debt, as real estate investments are presented net of associated debt on the GAAP Balance Sheet.

Certain statements in this release may constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding Pacaso’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Readers are cautioned not to put undue reliance on forward-looking statements, and Pacaso assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Pacaso does not give any assurance that it will achieve its expectations.

In addition to financial results presented in accordance with generally accepted accounting principles, this press release may contain financial measures that do not conform to U.S. GAAP if we believe they are useful to investors or if we believe they will help investors to better understand our performance or business trends. Reconciliations of these non-GAAP financial measures to the nearest comparable GAAP measures are included in our Offering Statement, which may be obtained from: invest.pacaso.com.

Investments in this offering are subject to limitations. Non‑accredited investors may invest no more than 10% of the greater of their annual income or net worth.

Important Note: Reservation of a ticker symbol does not guarantee a future listing on the Nasdaq Stock Market, nor does it imply that Pacaso currently meets any of Nasdaq’s listing criteria.

AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT IS AVAILABLE HERE.

SOURCE Pacaso

Led by Avataar Ventures, funding accelerates SAFE’s pursuit of cybersecurity superintelligence – while doubling down on its Agentic AI-first approach with the Continuous Threat Exposure Management (CTEM) launch – building on its category-defining leadership in the CRQ and TPRM markets

PALO ALTO, Calif., July 31, 2025 — SAFE, the category leader in Cyber Risk Quantification (CRQ) and the first company to deliver fully autonomous Third-Party Risk Management (TPRM), today announced a $70 million Series C funding round. The round was led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital, NextEquity Partners, Prosperity7 Ventures, and existing investors including Eight Roads, John Chambers and Sorenson Capital among others. The capital will be used to accelerate SAFE’s dominance in the cyber risk management market and fuel continued innovation to build Agentic AI-native reasoning models to move closer to SAFE’s mission to achieve CyberAGI.

Alongside the funding, SAFE unveiled the most transformative upgrade to its Cyber Risk Singularity platform yet: the world’s first fully autonomous Continuous Threat Exposure Management (CTEM) solution, powered by Agentic AI.

While traditional CTEM tools claim to provide risk based insights, they rely on black-box scoring models and static signal aggregation – thereby lacking critical transparency and context. SAFE changes the game. Just as it redefined Cyber Risk Quantification (CRQ) by truly understanding and quantifying risk making it actionable, it’s now bringing that same rigor and precision to CTEM – this time, supercharged with dozens of autonomous AI agents.

“This is a defining moment in our pursuit of CyberAGI,” said Saket Modi, Co-Founder and CEO of SAFE. “When we launched our platform in 2020, we carefully selected a market that would be the foundation of cyber risk management – Cyber Risk Quantification (CRQ). Not only did we shape the category, we’ve become its undisputed leader.
In 2023, we brought the same disruptive mindset to Third-Party Risk Management (TPRM) with Agentic AI, and today we’re fast emerging as the clear frontrunner.
Now, we’re applying that same Agentic AI-first approach to our next frontier: Continuous Threat Exposure Management (CTEM). Each of these domains are critical building blocks in our singular pursuit: achieving CyberAGI.”

Forrester named SAFE as the leader in its Cyber Risk Quantification Solutions Wave of Q2 2025, reaffirming its market dominance. Since launching TPRM in 2024, over 50% of SAFE’s customers have adopted the module. With the addition of CTEM, SAFE’s singularity platform now empowers security and risk leaders to prioritize and remediate both operational and strategic risks – across first and third parties.

“Our investment philosophy is rooted in deep conviction around transformative market shifts—and few are as compelling as the opportunity in cybersecurity, especially in the age of AI,” said Nishant Rao, Founding Partner at Avataar Ventures. “Most cybersecurity sub-sectors we’ve evaluated are either overcrowded or limited to tactical, widget-like solutions. But cybersecurity today is a boardroom and CEO-level priority, and that’s not changing anytime soon.

What makes SAFE stand out is its positioning – not as another detection tool, but as a strategic intelligence layer across the entire cybersecurity stack. Combine that with a stellar execution track record and consistent 120%+ YoY growth since their launch in 2020, partnering with Saket and his team was an easy decision.”

SAFE counts Google, Fidelity, T-Mobile, Chevron, and IHG among its customers. With this round, total funding exceeds $170 million. Its Cyber Risk Singularity Platform delivers Autonomous Cyber Risk Management across CRQ, CTEM, and TPRM. See the SAFE Singularity Platform in action at Black Hat USA @ Booth #3851 or schedule a live demo.

About SAFE

SAFE is redefining cyber risk management with Agentic AI. We empower CISOs, cybersecurity, and TPRM leaders to continuously quantify, prioritize, and mitigate cyber risks across their entire attack surface – enabling digital growth and organizational resilience.

SAFE is the category leader in Cyber Risk Quantification (CRQ) and the first company to deliver 100% autonomous Third-Party Risk Management (TPRM) and Continuous Threat Exposure Management (CTEM).

Trusted by industry leaders including Google, Fidelity, T-Mobile, Chevron, and IHG, SAFE has achieved triple-digit revenue growth for three consecutive years and raised over $170 million to date.

Learn more at www.safe.security

SOURCE SAFE

SAN FRANCISCO, July 31, 2025 — Wallarm, the leader in API and AI security, announced today the closing of the company’s $55 million in Series C investment led by Toba Capital. The funding will enable Wallarm to continue massively scaling its top line and innovating ahead of the curve in the API Security market by extending the company’s offering to further protect APIs in the AI era.

The adoption of AI by attackers is fundamentally changing the API threat landscape, introducing new security risks and vulnerabilities. AI not only allows attackers to develop and execute exploits at an incredible pace, it also dramatically expands the target surface by introducing new APIs and AI applications. This massive shift in the threat landscape is already underway, with organizations deploying thousands more APIs that require protection, and attackers that can operate exponentially faster. Traditional security tools aren’t capable of defending the modern, AI-enabled organization. API security with real-time blocking is now a requirement; Wallarm is the only vendor built from the ground up to block API attacks in real-time.

“At Wallarm, our mission has always been clear: deliver powerful, proven API protection that actually stops real-world threats,” said Ivan Novikov, CEO and co-founder of Wallarm. “This latest round of investment marks a pivotal moment—not just for our company, but for the security industry at large. We’re doubling down on innovation to equip security teams with the intelligence and automation they need to stay ahead of increasingly sophisticated and targeted API attacks. Our goal is to give security teams precision tooling that integrates natively with modern stacks, and stops threats before they become incidents.”

Wallarm closed 2024 with record growth and net revenue retention of 134% across enterprise accounts, including customers from financial services, manufacturing, technology and other industries. Wallarm’s growth is driven by the company’s ability to rapidly deliver innovative technology to market, including their most recent breakthrough agentic AI protection feature. The new capability extends Wallarm’s industry leading API protection capabilities to monitor AI interactions, protecting against AI specific attacks like prompt injection, jailbreaks, API logic abuse, and more.

“Wallarm is shaping the future of API and AI security. The team has built an incredibly robust, high-performance platform that’s already proven in complex enterprise environments. As AI-powered attacks drive new demands for the API security category, this financing round will enable Wallarm to continue to transform the API security landscape with its unique focus on real-time protection,” said Vinny Smith, Founding Partner, Toba Capital.

This round of funding is underpinned by Wallarm’s significant momentum and validation over the past year:

• Wallarm has made key strategic hires: Morgan Jay, President and CRO, Michelle Gerson, VP of Marketing, and Greg Deisher, CFO to align with its next phase of growth.
• Wallarm introduced Agentic AI Protection capabilities to provide security against Agentic AI attackers, extending Wallarm’s API Security Platform to actively monitor, analyze, and block attacks against AI agents.
• Wallarm introduced the industry’s first Penetration Testing Service for Agentic AI Systems, helping organizations assess and secure their AI-driven systems from emerging threats.
• Wallarm also released the world’s first API Honeypot Report highlighting API attack trends. The findings revealed critical insights into the growing threat landscape for APIs, showcasing their increasing vulnerability to rapid discovery and exploitation.
• Driven by AI Expansion, Wallarm Closed 2024 with record growth and retention of 134% across enterprise accounts – with nearly zero churn.

Wallarm continues their established momentum with the release of their next-gen Security Edge product to deliver resilience, observability, and performance for API security. For the full press release: https://www.wallarm.com/press-releases/wallarm-launches-next-gen-security-edge-to-eliminate-api-protection-complexity-amid-the-rise-of-ai-driven-attacks

To meet with Wallarm at Black Hat, please visit Booth # 4830 or sign up here: https://www.wallarm.com/wallarm-black-hat-2025

About Wallarm
Wallarm is the only unified platform for API and agentic AI security successfully deployed in enterprise production environments. With Wallarm, customers receive the fastest, easiest, and most effective way to stop API attacks. Organizations choose Wallarm to protect their APIs and AI agents because the platform delivers a complete inventory of APIs, real-time blocking, and patented AI/ML-based abuse detection. Wallarm is headquartered in San Francisco, California, and is backed by Toba Capital, Y Сombinator, Partech, and other investors.

Media Contact:
Michelle Kearney
Hi-Touch PR
443-857-9468
[email protected] 

SOURCE Wallarm

• AI heart failure diagnostics innovator makes it possible to catch deadly heart failure earlier by analyzing the most common heart scan in the world and proactively alerting clinicians
• FDA-cleared, reimbursed by Medicare, and live in top U.S. hospitals, Ultromics is now scaling nationwide to make early heart failure detection part of routine cardiac care, wherever patients get an echo
• Ultromics is trained on one of the largest real-world echo datasets globally and validated across 25 peer-reviewed studies, helping close one of medicine’s most dangerous diagnostic gaps, where up to 64% of heart failure cases still go undetected

OXFORD, England, July 31, 2025 — Ultromics, a pioneer in AI-driven cardiology solutions, today announced it has raised $55 million in Series C financing. The round was co-led by L&G, Allegis Capital and Lightrock, with continued support from Oxford Science Enterprises, GV, Blue Venture Fund and Oxford University. Major U.S. health systems, including UChicago Medicine’s venture investment vehicle, UCM Ventures, and UPMC Enterprises also participated in the round.

Built on years of clinical study and hundreds of thousands of echo scans, Ultromics offers the first FDA-cleared, Medicare-reimbursed AI technology to help clinicians detect HFpEF and cardiac amyloidosis, two of the most elusive forms of heart failure. The company is now expanding across the U.S. to bring that capability to the hospitals and echo labs that see the highest volume of at-risk patients, aiming to make AI-enhanced diagnostics a default step in the cardiac workup. Ultromics is also expanding its pipeline to include additional cardiac conditions, new distribution channels and deeper partnerships with health systems and clinical leaders.

It’s a critical moment for cardiovascular care. Heart failure is rising, costs are mounting and millions of patients are still going undiagnosed, especially those with harder-to-detect forms like HFpEF and cardiac amyloidosis. In the U.S. alone, heart failure drives over $30 billion in annual healthcare costs, a number projected to exceed $70 billion by 2030. Clinicians often rely on subjective interpretation of echocardiograms, leading to missed or delayed diagnoses even when patients are actively seeking care. In fact, up to 64% of HFpEF cases go undiagnosed, and cardiac amyloidosis is frequently mistaken for more common forms of heart disease, leaving patients untreated until symptoms worsen or irreversible damage occurs.

Ultromics addresses this diagnostic blind spot by using AI to extract hidden disease signals from standard echocardiograms, enabling earlier, more accurate detection of complex heart conditions—without requiring new hardware or disrupting clinical workflows. Its FDA-cleared EchoGo® platform supports diagnosis of HFpEF and cardiac amyloidosis. Trained and validated on one of the largest real-world echo datasets globally, EchoGo® generates real-time probability scores to help cardiologists identify high-risk patients earlier than traditional methods. EchoGo® is fully reimbursed under Medicare, making it scalable across hospitals, clinics, and health systems nationwide.

“The reality is, hospitals already have the data, they just haven’t had the tools to extract the more subtle diagnostic signals from it. By analyzing routine echocardiograms with AI, we’re helping clinicians identify high-risk patients earlier, enabling intervention before disease progresses,” said Ross Upton, PhD, CEO and Founder, Ultromics. “We’ve spent years building our platform to fit into clinical workflows, with no extra hardware and no new friction, and this funding helps us scale that across the U.S. at a moment when health systems are actively looking to combat the growing heart failure crisis.”

Ultromics has already analyzed more than 430,000 echocardiograms to date. In clinical studies, EchoGo® improved the detection of HFpEF by 73.6% when compared with standard clinical risk scores. The company’s latest diagnostic model for cardiac amyloidosis, validated in a global study of 18 institutions and published in the European Heart Journal, outperformed current clinical risk scores while distinguishing disease from similar conditions.

“Ultromics has established itself as an early-mover in the large and underserved cardiovascular disease market, having developed one of the first commercially available AI-powered diagnostic echocardiogram  technologies,” said Alastair Stewart, Head of Investments, Venture Capital, at L&G. “This successful Series C round is a testament to the massive opportunity for cutting-edge technology to transform how clinicians can detect and treat serious cardiovascular diseases that impact millions of people every year.”

With growing adoption and partnerships across flagship institutions, including UChicago Medicine, University Hospitals Cleveland, Northwestern, and Mayo Clinic, Ultromics is building regional clusters of clinical and commercial traction, particularly in high-prevalence regions like the Midwest. Its platform is helping hospitals reduce unnecessary tests, streamline workflows and initiate treatment earlier so it’s more effective and less expensive.

“Heart failure and cardiac amyloidosis impact millions of lives and strain healthcare systems, despite new approaches that have the potential to significantly improve patient outcomes. There is a critical need for scalable solutions that enable earlier, more accurate diagnosis and elevate the standard of care,” said Umur Hursever, Partner at Lightrock. “Ultromics’ AI-driven technology is already making a real-world impact, improving diagnostic accuracy, supporting clinical decisions, and expanding access to specialist care. The Lightrock team is delighted to support Ultromics’ mission and growing impact.”

Ultromics has rapidly expanded its platform capabilities and U.S. market presence during the past year. In late 2024, the company received FDA Breakthrough Device clearance for EchoGo® Amyloidosis, followed in 2025 by the launch of EchoGo® Score, a new feature that adds AI-driven probability scoring to EchoGo® Heart Failure, helping clinicians detect HFpEF with greater nuance. These clinical advances are now supported by Medicare reimbursement for both outpatient and inpatient use, strengthening Ultromics’ foundation for scaled adoption across U.S. hospitals.

“There’s a long-standing blind spot in cardiology where millions of patients with treatable heart failure are missed because their symptoms are subtle and echo images are hard to interpret,” said Victor Westerlind, Managing Director at Allegis Capital. “What’s exciting about Ultromics is how they’re closing that gap. Their platform brings AI and cardiology together in a way that makes it easier for physicians to identify high-risk patients earlier. When paired with the latest treatment advances, it’s a diagnostic win that will help save lives.”

About Ultromics

Founded out of the University of Oxford, Ultromics is redefining cardiovascular care with FDA-cleared, AI-powered tools that enhance echocardiographic diagnosis. Built in partnership with the NHS and Mayo Clinic, its EchoGo® platform helps clinicians detect complex heart diseases earlier and more accurately—using nothing more than a standard ultrasound scan. Ultromics is backed by leading investors and U.S. healthcare systems and is on a mission to transform how heart disease is diagnosed and treated. For more, visit www.ultromics.com.

About Lightrock

Lightrock is a global investment platform committed to building a sustainable future. Operating across private and public markets, Lightrock manages over $5.5 billion in assets and invests in Europe, North America, Latin America, Asia, and Africa. Lightrock is a certified B Corp with a dedicated team of over 130 professionals working across a network of six offices

For more information, visit www.lightrock.com

About L&G

Established in 1836, L&G is one of the UK’s leading financial services groups and a major global investor, with £1.1 trillion in total assets under management (as at FY24) of which c. 44% (c. £0.5 trillion) is international.

We have a highly synergistic business model, which continues to drive strong returns. We are a leading player in Institutional Retirement, in Retail Savings and Protection, and in Asset Management through both public and private markets. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.

About Allegis Capital

Allegis Capital is an early-stage venture capital firm partnering with companies that enable digital transformation across the enterprise. The firm supports founders with hands-on guidance, operational expertise, and access to a global network of industry leaders. With a long track record of building market-defining businesses, Allegis backs the teams and platforms reshaping how work gets done. Headquartered in Palo Alto, California, Allegis has been investing in enterprise innovation for over two decades.  For more information, visit https://www.allegiscapital.com/

Photo – https://mma.prnewswire.com/media/2741304/Ross_Upton.jpg
Photo – https://mma.prnewswire.com/media/2741303/EchoGo_Heart_Failure_Report.jpg

SOURCE Ultromics

The new funding will drive the expansion of AIR’s U.S. operations, support continued team growth, and expedite purchase order deliveries of AIR’s uncrewed cargo aircraft, in line with the recent U.S. Executive Order on advancing air mobility

TEL AVIV, Israel , July 30, 2025 — AIR, a pioneering startup offering eVTOL aircraft for uncrewed commercial and contested logistics, piloted personal flight, and defense use, today announced that it has raised $23 million in Series A funding. The round was led by Entrée Capital, with participation from Dr. Shmuel Harlap, renowned businessman and an initial backer of Mobileye, who has also been an investor in AIR since its inception. The funding will enable AIR to further scale its eVTOL (electric vertical takeoff and landing) aircraft production in support of a growing number of purchase orders and accelerate its U.S. expansion efforts.

This momentum reflects a growing global demand for next-generation air mobility, further underscored by the U.S. government’s recent Executive Order promoting eVTOL production and integration and the recent FAA MOSAIC ruling updating the light sport aircraft (LSA) certification qualifications to include eVTOL type aircraft such as the AIR ONE. AIR is uniquely positioned to meet these rigorous standards, making it one of the first eVTOL aircraft expected to receive LSA certification.

AIR has already fulfilled initial aircraft deliveries to its first logistics customer in 2023, marking the start of commercial deployment of its aircraft. The company is building upon its presence and certification efforts in the United States and, in parallel, is expanding its global team to meet increased operational demands, delivering on a growing number of purchase orders for both its crewed and uncrewed models.

AIR’s uncrewed cargo eVTOL is designed to meet the growing demand for efficient, adaptable, and scalable air transportation solutions in industries such as cargo delivery, disaster response, contested logistics, and remote access operations. Its unique aerodynamics allow it to reach 100-mile range at speeds of up to 120 knots. Its intuitive ground handling procedures and quick loading capabilities accommodate a variety of cargo types, while its innovative design allows for seamless integration into existing logistics workflows. The eVTOL has a 550-pound payload capacity and 70 cubic feet of cargo space. 

Alongside the cargo model, AIR’s piloted AIR ONE offers personal mobility with a focus on performance and comfort, providing a new level of safety and accessibility for the General Aviation category.

AIR’s piloted two-seater and its autonomous cargo model share a unified design DNA that allows both models to benefit from cross-platform upgrades. Both feature a folding wing mechanism, allowing the aircraft to be parked in a standard car-size parking space, enhancing real-world practicality and ease of use.

“This funding solidifies AIR’s path forward and enables us to continue fulfilling the promise we made to our customers,” said Rani Plaut, CEO and co-founder of AIR. “We’re proud to have demonstrated our ability to succeed with lean operations, generating significant revenues in the eVTOL space while operating efficiently. We have no doubt that with Entrée Capital’s backing and knowledge, we will be able to deliver our advanced air mobility solutions to the market even faster than before.”

“We have tracked AIR from its initial founding to the point where it has achieved full flight operations across commercial (logistics), consumer, and defense applications,” said Avi Eyal, Managing Partner, Entrée Capital. “The platform designed is an engineering marvel that has multiple modalities, and it will revolutionize existing use cases for air transportation given its low cost, low maintenance, ease of use and high endurance and safety. We led the investment in AIR given our belief in its vision and it being the only OEM in its category that is delivering a real product today, years ahead of any rival. We are fortunate to have a tremendous founding team with such experience leading the company.”

Leading up to this milestone, AIR has successfully demonstrated all phases of flight with its full-scale platform, including extensive nighttime Beyond Visual Line of Sight (BVLOS) autonomous, uncrewed cargo operations. The company established a U.S.-based operations center to support ongoing FAA certification efforts and collaborate with the U.S. Air Force’s Agility Prime program.

With 15 uncrewed cargo eVTOLs slated for delivery in the coming year and over 2,500 pre-orders for the piloted AIR ONE for personal use, the company is primed to help lead the evolution of the Advanced Air Mobility (AAM) industry.

About AIR

AIR is a leading aerospace OEM producing advanced eVTOL aircraft for autonomous uncrewed cargo logistics, as well as a two-seater for piloted flight. With payloads over 550 pounds (250 kg), an hour plus endurance, and proven operational readiness, AIR is one of the first companies to deliver aircraft and generate revenues in the Advanced Air Mobility (AAM) industry. Through real-world flight operations, industrial partnerships, and global regulatory collaboration, AIR is redefining the aviation paradigm with a proprietary approach to what an aircraft can be. By harnessing the promise of electric aviation, patented innovations in hardware and software, and proven manufacturing practices from the automotive industry, AIR has built and delivered an aircraft that is fundamentally different: in design, engineering, production, cost, operation, and maintenance. AIR is shaping the future of flight today. For more information: https://www.airev.aero/ 

AIR Press Contact

Kate Schoenstadt
[email protected]
IL:+972 54 777 6684

SOURCE AIR

HOUSTON, July 30, 2025 — Solidec, a pioneer in clean chemical manufacturing, today announced it has raised $2+ million in pre-seed funding led by New Climate Ventures (NCV), with participation from Plug and Play Ventures, Ecosphere Ventures, Collaborative Fund, Safar Partners, Echo River Capital, and Semilla Climate Capital, among others.

Solidec’s breakthrough approach to chemical manufacturing replaces centralized infrastructure with modular, efficient on-site production using only air, water, and electricity. Solidec’s platform is powered by modular reactors capable of producing many widely used chemicals, including hydrogen peroxide, formic acid, acetic acid, and ethylene without any post-processing steps required. Solidec is initially focused on the production of hydrogen peroxide, a critical chemical used across industries from semiconductor fabrication and critical metal mining to wastewater treatment.

“We’ve known the Solidec team for almost two years and have developed a high degree of conviction in the team, their technology, and their go-to-market strategy,” said Eric Rubenstein, Managing Partner at New Climate Ventures. “We’re particularly excited about Solidec’s ability to produce many different widely used chemicals. It gives them critical flexibility to expand and serve a broad customer base.”

Solidec’s platform technology is poised to disrupt the multi-billion-dollar commodity and chemical industries. The company has already secured early commercial customers, highlighting the demand for breakthrough technologies that rewrite the rules of chemical manufacturing. With these funds secured, Solidec will ­­accelerate its go-to-market with a focus on pilot deployments and scaling its technology to meet customer-specific needs in multiple industries.

“Traditionally, hydrogen peroxide is produced in centralized, energy-intensive facilities using carbon-intensive inputs, then transported long distances, resulting in a significant carbon footprint,” said Ryan DuChanois, Co-Founder and CEO of Solidec. “Solidec’s modular reactor produces clean chemicals like hydrogen peroxide on-site, in fewer steps, and with less energy, slashing emissions, supply-chain risk, and cost. We’re eager to deliver these capabilities to customers across the globe.”

The chemical and petrochemical industries account for about 40 percent of industrial carbon emissions in the United States. Chemical separations alone – the post-processing steps Solidec eliminates – are responsible for 15 percent of global energy consumption. Solidec’s technology is forging a path to emission-free molecules for the global chemical manufacturing industry, and creating opportunities to accelerate innovation in multiple other industries.

Solidec spun out from Professor Haotian Wang’s lab at Rice University in 2024 and is based in Houston, Texas. The company is a recipient of the Activate Fellowship, a graduate of the Chevron Catalyst Program, and a member of Greentown Labs Houston.

Get in touch at www.solidec.com.

ABOUT SOLIDEC
Solidec is the path to emission-free molecules, starting with hydrogen peroxide. Our breakthrough approach to chemical manufacturing replaces centralized infrastructure with modular, on-site production using only air, water, and electricity. Beyond hydrogen peroxide, Solidec modular reactors are capable of producing many widely used chemicals that together represent a pathway to abating over one gigaton of carbon emissions annually.

To learn more, visit www.solidec.com

ABOUT NCV
New Climate Ventures (NCV) is a venture capital firm investing in category-defining companies building our low-carbon future across industries. Based in Houston, Texas, the firm typically invests at the seed stage, with a focus on companies whose novel technologies position them to succeed via lowering costs, and without relying on subsidies or “green premiums.” NCV’s investments span the decarbonization spectrum, ranging from sustainable aviation fuels to bioplastics, from next-generation solar materials to grid analytics software.

MEDIA CONTACT
[email protected]

SOURCE Solidec

VANCOUVER, BC, July 30, 2025 — Yaletown Partners, a leading technology investment firm, is pleased to announce the first close of its latest venture capital fund, Innovation Growth Fund III (IGF III), at $100 million. The third and largest in the franchise, IGF III represents the eighth fund in Yaletown’s family of funds, and the first close of IGF III alone brings Yaletown’s total active funds under management to approximately $600 million.

IGF III continues Yaletown’s Intelligent Industry thesis, investing in the enablement layer—digital infrastructure technologies such as advanced analytics, edge computing, networking and physical AI. These technologies are foundational to the digital transformation of real-world sectors such as energy, manufacturing, logistics, agriculture, and transportation. The fund is designed to back companies driving productivity, resiliency, and sustainability in these strategic industries.

The fund’s first close brings together a coalition of returning and new institutional investors, including pension funds, financial institutions, government investment corporations, Indigenous groups, impact investors and family offices.

“We believe Yaletown’s approach to Intelligent Industry investing presents a compelling opportunity to generate strong returns while supporting Canada’s industrial transformation,” said Hanz Gin, Managing Director, BMO Capital Partners. “Yaletown’s track record of identifying and scaling companies at the forefront of industrial and technological transformation aligns with our commitment to backing high-performing businesses that are shaping the future of the Canadian economy.”

“Yaletown’s continued focus on scaling Canadian technology companies with strong export potential—particularly in sectors like artificial intelligence, digital transformation, and climate-resilient technologies—aligns closely with EDC’s focus on helping mid-market Canadian firms grow and compete globally,” said Lissa Bjerkelund, Vice-President, Investments and Mid-Market Lending at Export Development Canada. “We’re proud to support IGF III through this latest commitment, reinforcing a long-standing partnership and helping Canadian innovators deliver transformative solutions that open new trade corridors, boost productivity, and strengthen Canada’s global competitiveness.”

“We’re excited to deepen our relationship with Yaletown as they continue to advance high-impact technologies to benefit the entire ag and food ecosystem,” said Adam Smalley, Managing Director, Farm Credit Canada Capital. “IGF III is the kind of investment platform that generates ongoing innovation and productivity in agriculture, helping Canadian farmers and food processors continue delivering high-quality products to feed families across Canada and around the world.”

“InBC is pleased to support Yaletown again through our investment in IGF III – our first subsequent commitment in a venture fund,” said Heather Tanaka, Investment Principal at InBC. “Yaletown’s focus on the Intelligent Industry is advancing digital transformation and building future-ready industries across B.C. IGF II, which was one of InBC’s first commitments, has already backed a number of groundbreaking B.C. technology companies. We are excited for IGF III to continue this momentum scaling businesses driving innovation and economic growth in B.C.”

Yaletown’s proprietary Responsible Investment and Insights platforms remain core to its differentiated approach. These platforms support portfolio companies and provide limited partners with access to market intelligence, curated connections, and real-time insight into emerging technologies reshaping the real economy. With IGF III, the firm deepens its conviction that digital transformation is the most scalable lever for accelerating industrial competitiveness.

“We brought IGF III together in record time amidst one of the more complex funding environments in the last decade. We are deeply grateful to our IGF III investors for their confidence in our platform. Our conviction has never been stronger that investing in technologies enabling the digital transformation of asset heavy industries is the most scalable lever for accelerating industrial competitiveness and also positioned to deliver excellent returns,” said Salil Munjal, Managing General Partner at Yaletown.

About BMO Capital Partners

Established in 1998, BMO Capital Partners is a Canadian-based investor with $2.1 billion under management. Its evergreen investment program is built upon growth equity and venture capital funds, sub-debt, convertible debentures/notes, and minority equity. BMO Capital Partners invests across a broad range of industries to support companies in all stages of growth with acquisitions, buyouts, expansions, restructurings and growth capital. Learn more at www.bmo.com.

About Export Development Canada (EDC)

Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk and grow their business as they go from local to global. Together, EDC and Canadian companies are building a more prosperous, stronger and sustainable economy for all Canadians. Learn more at www.edc.ca or call us at 1-800-229-0575.

About Farm Credit Canada (FCC)

FCC is proud to be 100 per cent invested in Canadian agriculture and food. The organization’s employees are committed to the long-standing success of those who produce and process Canadian food. FCC provides flexible financing and capital solutions, while creating value through data, knowledge, relationships, and expertise. FCC offers a complement of financial and non-financial products and services designed to support the complex and evolving needs of the industry. As a commercial Crown corporation, FCC is a stable partner that reinvests profits back into the industry and communities it serves. Learn more at www.fcc.ca.

About InBC Investment Corp. (InBC)

InBC is a strategic investment fund established by the Province of British Columbia (B.C.) to invest in growing, innovative companies and venture funds. The fund is investing to generate financial returns alongside economic and social impacts for British Columbia. InBC’s investments are supporting long-term economic growth for communities across B.C. It is anchoring promising companies to continue growing and staying in the province, creating jobs and boosting innovation, including growing research and development and intellectual property in B.C. Learn more at www.inbcinvestment.ca

About Yaletown Partners

Founded in 2002, Yaletown Partners is an investment firm backing emerging growth technology companies transforming critical industrial sectors through digital infrastructure, AI, and automation. With over $600 million in active assets under management and offices across North America, Yaletown is a recognized leader in responsible innovation investing. Learn more at www.yaletown.com.

Contact:
Yumi Maihara
Marketing & Events Manager, Yaletown Partners Inc.
Email: [email protected]
Phone: 604.688.7807 Ext 2204

SOURCE Yaletown Partners Inc.