The healthtech company is already addressing care inconsistency at over 100 hospitals in the United States

NEW YORK, July 30, 2025 — C8 Health, the best practices implementation platform for healthcare, today announced a $12 million Series A funding round led by Team8, with participation from 10D and Vertex Ventures Israel. The round brings C8’s total funding to $18 million, including a $6 million Seed round led by Vertex Ventures Israel and 10D.

Care inconsistency has adverse effects on patient outcomes and accounts for $345 billion in annual waste in the US alone.  Even though care best practices may already be documented and stored, finding them and accessing them at the relevant time is not as straightforward. Siloed knowledge management repositories and varying data formats contribute to critical knowledge being overlooked or hard to find in high-stakes moments. The speed of adoption of new practices in medicine is extremely slow, taking 17 years for the average doctor to adopt a new standard of care. In addition, with close to 7% of physicians working Locum Tenens, over 1.5 million traveling nurses, and close to 40,000 residents starting their residency training every year, tools that integrate with site-specific rotation scheduling and local best practices are crucial for reducing time to efficiency for newer teams.

C8 Health bridges the gap between evidence and practice with the first unified platform that gives clinicians instant, contextual access to vetted, site-specific knowledge whenever and wherever they need it. Knowledge can be displayed based on a clinician’s schedule, role, and department. C8 Health helps hospitals monitor adherence to care standards and protocols through executive dashboards. It enables quality interventions and gives teams the tools to set care delivery goals and follow through on them consistently. Integrated with the entire gauntlet of hospital tools and accessible from mobile devices, desktops, or directly through the EMR, C8 ensures that every clinician, whether a nurse starting a night shift or a rotating physician entering a new hospital, has the right guidance at the right time.

“Healthcare organizations all struggle to provide real-time quality feedback to physicians, providers, and trainees in a user-friendly format that encourages utility and compliance,” says Dr. Brian Masel, Director of Anesthesia Quality and Chief of Pediatric Anesthesiology at The University of Texas Medical Branch. “C8 builds this seamlessly into their platform, which will have a profound impact on the way our caregivers utilize quality data to implement best practices. The days of administrators retrospectively utilizing quality data to try to drive change may very well become a thing of the past, as we can all now have ownership of our own performance on a daily basis”

C8 includes an AI assistant, enabling clinicians to ask natural-language questions and get accurate, contextual answers from their own institutions’ vetted knowledge base. Beyond the walls of a single institution, C8 users can access best practices from a growing global network of hospitals and clinical societies that contribute to the platform, giving clinicians insight not only into their own site’s protocols but also peer-reviewed approaches from leading institutions worldwide.

“It is exciting to see how we enable hospitals to implement their best practices effectively and gain control over both care quality and delivery costs,” said Galia Rosen Schwarz, CEO and co-founder of C8 Health. “This round will help us grow our team to support the needs and demand in the market. We already see how this approach is becoming the new standard, driving adherence to best practices across healthcare systems. Dartmouth Health is working with us to strengthen the connection between their main campus and member locations. Metro Health has seen substantial improvements in resources access and information retrieval as well as high clinician satisfaction. Having a single source of truth for such a broad range of clinical needs is proving invaluable.”

“C8 Health is addressing a real need for healthcare teams across virtually every hospital and specialty,” said Sarit Firon, Managing Partner at Team8. “The rapid adoption of their product and exceptional clinician engagement speak to the immense value of their solution. We strongly believe that C8 Health will play a pivotal role in shaping a better future for both physicians and their patients.”

The idea for C8 Health originated when Dr. Ido Zamberg, C8 Health’s co-founder and Chief Medical Officer, a medical doctor and software engineer, sought to address the challenge of inefficient access to clinical best practices at his hospital. What started as a departmental tool for the Neurology department quickly expanded hospital-wide and then to other hospitals across Switzerland. In 2022, he joined forces with Galia Rosen Schwarz, a seasoned business development executive and Tzach Klo, an experienced software engineer, to officially found C8 Health in the United States. C8 started with Anesthesia as its first vertical and from there expanded to more departments and now to system-wide deployments. Today, C8 is integrated by over 100 hospitals, achieving over 90% clinician adoption rates within 6 months of deployment.

CONTACT: Ariella Shoham, CMO, [email protected]

SOURCE C8 Health

Founded by veterans of Scale AI, Google and Stripe, Runloop is helping companies automate evaluation and get their AI coding agents deployed up to six months faster

SAN FRANCISCO, July 30, 2025 — Runloop, the only enterprise-grade infrastructure platform that enables the development, evaluation and scalable deployment of AI coding agents, announced today that it has raised a $7M seed round led by The General Partnership with participation from Blank Ventures. Runloop will use the funds to accelerate hiring and delivery on its product roadmap to leverage strong demand for its AI coding agent deployment and evaluation platform.

“AI coding agents are already widely used, but there’s a critical gap between prototypes and production,” said Dan Portillo, co-founder at The General Partnership. “Any company looking to deploy an autonomous AI coding agent needs a solution like Runloop. We think this approach will be ubiquitous among dev teams by the end of 2025.” This insight has already been proven out by the recent announcements of OpenAI Codex, Cursor background agents and Google Jules.

“AI coding agents are the future but they need developer tools that are distinct from those of human developers. Providing that richly tooled environment along with the evaluation mechanisms required for effective deployment is Runloop’s mission,” said Jonathan Wall, co-founder and CEO of Runloop. “We help AI coding agents get into production in a fraction of the time.”

Deploying AI coding agents in production is incredibly challenging. Runloop provides secure and isolated sandboxes (called Runloop devboxes) for developers to create, run and evaluate their models in. Runloop offers comprehensive tooling to support the overall developer experience with features like direct GitHub repository integration, snapshots and blueprints to ease every step when deploying agents.

Evaluating these AI coding agents has typically been a fragmented process that requires multiple tools. Many companies still do it manually. Runloop’s Public Benchmarks, provides organizations with on-demand access to industry-standard performance testing for AI coding agents. Benchmark results can be used internally for model improvement or shared to demonstrate model quality externally.

Runloop was founded by a group of developers from Stripe led by Wall, who recognized that the impending wave of AI coding agents would require scalable infrastructure and evaluation frameworks to ensure global use of coding agents are possible. Wall was previously co-founder of Google Wallet and brought tap-to-pay technology to daily use in the US. After leaving Google, he co-founded fintech startup Index which was then acquired by Stripe.

Runloop customer Dan Robinson, CEO of Detail.dev, said, “Runloop has been killer for our business. We couldn’t have gotten to market so quickly without it. Instead of burning months building infrastructure, we’ve been able to focus on what we’re passionate about: creating agents that crush tech debt. Obvious choice to bridge the infra gap between ‘cool demo that runs locally’ and an AI devtool that can scale. Runloop basically compressed our go-to-market timeline by six months.”

Headquartered in San Francisco, Runloop has a team of 12 and is growing quickly. Team members are from well-known companies such as Vercel, ScaleAI, Google and Stripe.

About Runloop
Runloop provides the only enterprise-grade infrastructure platform that enables the development, evaluation and scalable deployment of AI coding agents. Used by companies ranging from top model labs to startups, Runloop reduces time to deploy from months to hours allowing developers to focus on their agent, not infrastructure. Four out of five developers are already using AI coding tools but to get coding agents into production, developers need the end to end platform provided by Runloop. Learn more at runloop.ai.

Media contact:
Kerry Metzdorf
Big Swing
978-463-2575
[email protected]

SOURCE Runloop.ai

New funding made possible by KeyBank, National Bank of Canada and Canadian Imperial Bank of Commerce, the New York branch, will support BlueWave’s rapidly expanding business operations

BOSTON, July 30, 2025 — BlueWave, a leading solar and storage developer, owner, and operator in the Northeast U.S., today announced two new major financing milestones. With support from parent Axium Infrastructure, the company has secured both a $125 million revolving construction to term loan facility and a $122 million corporate revolving credit facility. As private companies take the reins on moving forward energy independence and resilience needs across the country, this funding will support the development and construction of distributed-generation community solar and storage projects that move the needle.

The $125 million revolving construction to term loan facility led by KeyBank and National Bank of Canada will provide construction debt, including tax equity bridge loans, and initial term debt via a revolving facility that will enable BlueWave to flexibly deploy its pipeline as projects enter construction.

In addition to the revolving construction to term loan facility, a corporate revolving credit facility for $122 million financed by KeyBank and Canadian Imperial Bank of Commerce, the New York branch, was also arranged to support the continued growth of BlueWave’s project development pipeline and provide additional flexibility in the company’s operations.

“These financial milestones reflect BlueWave’s ability to deliver results and push forward through a volatile market,” said Sean Finnerty, Chief Executive Officer. “The support of our financial partners enables us to scale innovative clean energy solutions that are resilient, inclusive and impactful.”

KeyBank remains a committed lending partner across both facilities, and Canadian Imperial Bank of Commerce, the New York branch, has increased its participation in BlueWave’s corporate facility. This latest financing milestone brings National Bank of Canada on board as a core financial partner, further strengthening BlueWave’s capital foundation to scale its impact-driven clean energy development.

“We’ve seen firsthand the growing need for reliable energy solutions, and our investment reflects our confidence in BlueWave’s strategy, team and ability to help make that a reality,” said Tyler Nielsen, KeyBanc Capital Markets’ Managing Director. “We’re proud to support a company that is not only advancing the clean energy transition but doing so with a clear commitment to communities.”

BlueWave was advised by Norton Rose Fulbright and Foley Hoag LLP on the construction facility and King & Spalding LLP on the corporate facility.

KeyBank and National Bank of Canada were advised by Winston & Strawn LLP on the construction facility. KeyBank and Canadian Imperial Bank of Commerce were advised by Latham & Watkins LLP on the corporate facility.

About BlueWave

BlueWave’s mission is to protect our planet by transforming access to renewable energy. As a pioneering renewable energy company that develops and owns solar and battery storage projects, BlueWave has a long track record of success and is developing several gigawatts of solar and battery storage projects throughout the United States to ensure our grid is reliable and efficient in a clean energy future.

BlueWave is proud to be a certified B Corp, recognized by B Labs as “Best for the World” in Governance and was awarded Member Company of the Year by the Solar Energy Business Association of New England. 

To learn more about BlueWave, visit bluewave.energy.

About Axium Infrastructure Inc.:

Axium Infrastructure (comprised of Axium Infrastructure Inc. and its affiliated entities) is an independent portfolio management firm dedicated to generating long-term investment returns through investing in core infrastructure assets. Axium Infrastructure had approximately US$8.9 billion in assets under management as of March 31, 2025, as well as approximately US$1.5 billion in co-investments. With offices in Montreal, Toronto, Vancouver, New York, and London, the firm benefits from the capabilities of a group of specialists with decades of experience acquiring, developing, financing, operating, and managing infrastructure assets. Focus is placed on assets that are supported by robust market demand and under long-term contract with creditworthy counterparties. Since 2010, the firm has invested in a diversified portfolio of over 270 infrastructure assets.

For further information, including information about other infrastructure assets the firm has invested in, please visit www.axiuminfra.com. This release is for informational purposes only and does not constitute an offer or solicitation to buy securities of any entity.

SOURCE BlueWave

Company triples revenue and doubles enterprise customer base by enabling developers to troubleshoot faster, at drastically lower cost

SAN MATEO, Calif., July 30, 2025 — Observe Inc., the AI-powered observability company, today announced it has closed $156 million in a Series C funding round led by Sutter Hill Ventures with participation from Madrona Ventures, Alumni Ventures, Snowflake Ventures and Capital One Ventures.

Over the past year, Observe has tripled its revenue and doubled its enterprise customer base, achieving an industry-leading net revenue retention of 180%. During this time, monthly active users have also tripled as the platform processed over 150 petabytes of telemetry data. Observe has experienced rapid adoption by large enterprises and modern SaaS and AI-native companies, as they seek to replace traditional tools like Splunk, Datadog, and Elasticsearch due to rising costs and increasing complexity at scale. Its modern architecture combines a cost-effective data lake with a powerful knowledge graph and AI-driven workflows, enabling developers to troubleshoot faster and more affordably.

“During a period of explosive growth at Tekion, we realized our existing observability tools weren’t going to scale with us. We had tried major commercial and open-source tools, but both resulted in escalating costs and constant tuning efforts that drained engineering resources. Observe gave us a cost-effective unified platform for logs, metrics, and traces, with the ability to correlate across all of them. That visibility has been critical to maintaining service reliability while scaling aggressively,” said Binu Mathew, CTO at Tekion. “More than a vendor, Observe has been a trusted partner, consistently helping us evolve our observability strategy to keep pace with our growth.”

Observe’s growth is driven by three trends:

1. The data lake is now home base, and enterprises are moving their telemetry data to the lake for scalability and cost-efficiency.
2. Context is the new bottleneck. In modern, distributed environments, collecting data isn’t the challenge; connecting it is.
3. AI is changing the troubleshooting workflow, helping teams diagnose and fix root causes faster.

“Observe is transforming how we approach software observability at Topgolf and Toptracer. The game changers have been the cost-efficient ingestion and the ability to tie telemetry data to a resource model that reflects our architecture,” said Dennis Bragfeldt, Chief Architect at Topgolf. “Observe takes pride in their technology foundation, and rightfully so.”

Observe’s platform consists of three core components:

• O11y Data Lake^™: A highly scalable, low-cost data lake optimized for observability that streams logs, metrics, traces, and events in real-time, using open standards like OpenTelemetry and Apache Iceberg.
• O11y Knowledge Graph^™: A real-time contextual model of the user’s entire system, mapping services, resources, users, incidents, and deployments.
• O11y AI SRE^™: Agentic AI that doesn’t just detect issues, but starts with generating better instrumentation, assisting complex troubleshooting and closing the loop.

“Our customers rely on us to unify data from hundreds of sources, which demands a highly scalable and efficient infrastructure. Observe’s data lake-based architecture allows us to scale observability much more easily and cost-effectively than traditional solutions”, said Andrew Katz, CTO & Co-Founder at mParticle.

“Observe was the only platform that could cost-effectively handle the scale and complexity of our log aggregation needs. At Dialpad, tracking call performance across our infrastructure is essential for delivering a seamless and reliable communications experience,” said Max Wardell, Sr. Engineering Manager at Dialpad. “With Observe, we can now correlate all aspects of a call in one view, allowing our teams to troubleshoot issues up to 30% faster.”   

“Observe gives us the visibility we need across our cloud environment, helping to reduce our mean time to resolution and operational costs, while enabling our security and infrastructure teams to stay ahead of potential issues,” said Oscar Papel, CISO at Truveta.

“System resilience begins and ends with full-stack observability. It is foundational for AI, provides visibility into resource utilization and is part of the magic of powering personalized customer experiences,” said Sean Leach, Partner, Capital One Ventures. “Observe is executing on a bold vision for modern observability, and we’re continuing to invest to fuel their growth as they meet demand.”

“Observe understood from the start that AI is only as powerful as the data behind it,” said Harsha Kapre, Director, Snowflake Ventures. “As AI reshapes the future of software development, Observe is uniquely positioned to help enterprises build more reliable agents and applications while containing costs at scale. This investment deepens our partnership and underscores our belief in their long-term vision.”

With this Series C funding, Observe will continue investing in product development, AI innovation, and global hiring. As enterprises adapt to a new world where every system, service, and agent generates actionable data, Observe is emerging as the leader in AI-powered observability at cloud scale.

About Observe, Inc. 
Headquartered in San Mateo, Calif., Observe Inc. delivers modern AI-powered observability at scale. Built on an open data lake with a proprietary Knowledge Graph and AI SRE, Observe enables users to troubleshoot faster at drastically lower cost. For more information, visit www.observeinc.com

Media Contact
Bateman Agency for Observe
[email protected]

SOURCE Observe, Inc.

Thomas Tull’s USIT leads round to support Oxide’s mission to modernize enterprise infrastructure with integrated hardware and software

EMERYVILLE, Calif., July 30, 2025 — Oxide Computer Company, the on-prem cloud computing company, today announced it has raised a $100 million Series B financing round led by Thomas Tull’s US Innovative Technology Fund (USIT), with participation from all existing investors.

The funding more than doubles Oxide’s capital raised to date and will enable the company to scale manufacturing, expand customer support, and accelerate roadmap delivery — answering customer demand for a modern, integrated, on-premises alternative to public cloud.

“This round gives us the ability to scale confidently and sustainably in step with accelerating customer growth,” said Steve Tuck, CEO and co-founder of Oxide. “Our customers want the agility of the public cloud without giving up control, and they want to know their infrastructure partner is built to last. With this raise, we’re deepening our commitment to delivering a long-term solution that meets those needs head-on.”

Over the past two decades, the computing industry has undergone a dramatic transformation — but only inside the datacenters of the cloud hyperscalers. That innovation has remained largely inaccessible to enterprises running IT infrastructure on-premises. Oxide was founded to change that: delivering the first unified product that brings the cloud’s developer experience and operational efficiency to environments that demand more control.  Oxide’s integrated rack-scale system is built from the ground up to deliver cloud computing capabilities, such as API-driven infrastructure, elastic storage, and seamless updates, in environments where public cloud isn’t viable or optimal.

“From the outset, we knew that delivering the cloud experience on-prem required more than mere integration — it demanded first-principles thinking and hardware/software co-design,” said Bryan Cantrill, CTO and co-founder of Oxide. “We rethought the entire stack, from the physical computer itself and its lowest levels of firmware through the hypervisor, control plane and programmable switch – and designed a unified system that eliminates the complexity, fragmentation, and vendor finger-pointing that enterprises have long had to endure. Our approach is fundamentally different – and our customers are experiencing the benefits of end-to-end security, power efficiency, and operational agility.”

“Compute infrastructure stands at a major inflection point, with many organizations being forced to rethink the viability of outsourcing such a critical part of their value chain to public clouds,” said Gaetano Crupi, Managing Director at USIT. “Oxide has met the moment, delivering the first truly integrated, cloud-capable infra solution that can be fully owned by the customer, and addresses the needs of modern workloads by optimizing performance, security, and cost efficiency. We are proud to support Oxide as they help usher the U.S. into a new age of compute infrastructure.”

“What Oxide has accomplished is incredibly rare: the company took a contrarian, high-conviction bet on solving one of the most complex infrastructure problems in the industry — and they were right,” said Seth Winterroth, Partner at Eclipse. “Oxide has spent years building in obscurity with deep technical rigor, assembling a team singularly committed to the mission. Now, as the market converges on their vision, it’s clear that their moat is the difficulty of what they’ve achieved. This is a company with the talent, culture, and clarity of purpose to build something enduring — and we’re just getting started.”

To learn more about Oxide and its products, visit https://oxide.computer.

About Oxide
Oxide Computer Company designs and delivers unified hardware and software to deliver hyperscaler-class efficiency, performance, and ease of use on-premises for enhanced security, latency, and control. Founded in 2019 and based in Emeryville, California, Oxide is backed by leading investors and trusted by enterprise customers across industries.

Media Contact:
[email protected]

SOURCE Oxide

SAN FRANCISCO, July 30, 2025 — Emulait, the science-led infant feeding brand redefining how families nourish their babies, announced a $3 million strategic media-for-equity investment from Mercurius Media Capital (MMC), a media-for-equity venture fund that provides high-impact advertising inventory in exchange for equity stakes in fast-growing consumer brands.

The partnership will accelerate Emulait’s brand awareness and market reach across the United States, enabling the company to scale its message to a broader audience of new parents and caregivers. Through this media-for-equity structure, Emulait will receive $3 million in premium advertising inventory across national broadcast, digital, and out-of-home platforms.

By tapping into MMC’s deep media expertise and network of strategic partners – including Sinclair Broadcast Group, TelevisaUnivision, Atmosphere TV, National CineMedia, and Willow TV – Emulait will expand visibility, educate consumers on its innovative feeding system, and drive large-scale customer acquisition.

“We’re thrilled to partner with MMC to amplify Emulait’s brand awareness and reach more households across the U.S. This collaboration will help us scale our media marketing efforts and connect with even more families seeking the healthiest and closest to breast, feeding solutions,” said Shilo Ben Zeev, CEO of Emulait.

“Emulait is solving a real need in a $3B+ category that’s seen little true innovation in over 5 decades,” said Piyush Puri, Founding Partner at Mercurius Media Capital. “It’s a product that speaks directly to first-time parents, and we’re excited to help scale it into a household name.”

About Emulait
Emulait is a science-driven infant feeding brand transforming how families nourish their babies. Its flagship Emulait Bottle™ mimics the breast’s look, feel, and flow to ease transitions, soothe babies, and support healthy development. Guided by experts, Emulait also offers smart warmers, feeding accessories, and an app to help parents track feeding routines effortlessly.

Learn more at www.emulait.com.

About Mercurius Media Capital LP
Mercurius Media Capital LP is a U.S.-based media-for-equity venture fund launched in December 2023 that has $87.5 million in committed capital. Co-founded by Satyan Gajwani and Piyush Puri, Mercurius builds on their 15+ years of experience in media capital transactions. Through these media-for-equity transactions, Mercurius has invested in companies such as Deskera (B2B SaaS ERP), Edly (alternative student financing), Captain Experiences (outdoor experiences marketplace), Airtasker (local services marketplace), Storybook (wellness platform for kids) and more

This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any security. Investments in MMC are available only to verified accredited investors. Forward–looking statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Past performance is not indicative of future results.

SOURCE Mercurius Media Capital

The equity financing follows the announcement of a $1 billion capital purchase program with funds managed by Neuberger Specialty Finance group in February. Now profitable, ClarityPay operates a proven, scalable platform that modernizes how merchants leverage consumer credit to drive sales.

ClarityPay solves longstanding challenges in aligning consumer financing with merchants’ complex and highly segmented growth strategies. Their modular approach enables personalized credit offers across acquisition channels, at the right economics, to help merchants convert more customers and grow profitably.

ClarityPay enables merchants to:

• Approve more customers across the full credit spectrum—from super to subprime—with full approvals that match total order values
• Offer flexible payment plans, from 4-week installments to 84-month revolving terms
• Establish dedicated credit lines tied to their brand, driving repeat purchases and long-term customer loyalty
• Maintain full control of customer experience and data—with no competitive cross-sell

“From day one, we’ve been focused on delivering measurable value to merchants—creating a scalable, configurable credit solution that helps them acquire and retain more customers,” said Houman Motaharian, CEO and Founder of ClarityPay. “With this additional capital and achieving profitability, we are uniquely positioned to give merchants more credit controls and greater flexibility to drive long-term loyalty. This next chapter is about scaling that impact by staying focused on a merchant-first approach, with major national merchants already operating at scale on our platform and additional partners to be announced soon.”

ClarityPay supports merchants in industries such as retail, elective health, wellness, travel, home improvement, and auto services. Integration is available via API or through major commerce and lending platforms—enabling seamless financing across in-store, online, and telesales channels.

“We’ve been investing in fintech infrastructure for over two decades, and ClarityPay is one of the most compelling companies we’ve seen,” said Gardiner Garrard, Co-Founder and Managing Partner at TTV Capital. “Houman and his team bring a rare mix of operational discipline and market insight, with a product that solves real pain points in point-of-sale credit. The opportunity to modernize merchant-aligned lending—across categories and credit tiers—is massive, and ClarityPay is uniquely positioned to lead it.”

“ClarityPay is tackling one of the most stubborn gaps in embedded finance: how to make credit work for merchants, not just adjacent to them,” said Lindsay Fitzgerald, Co-Founder and General Partner at Vesey Ventures. “The team has deep credit expertise, commercial rigor, and the urgency to execute in a market that’s changing fast. What they’ve built—profitable growth, strong unit economics, real merchant traction—is incredibly rare. We’re excited to support them as they scale a solution that creates real alignment between lenders, merchants, and consumers.”

The new equity funding will support operational scale, product development, and continued hiring across technology, partnerships, client success, and customer service. Interested candidates and partners can learn more at claritypay.com.

About ClarityPay

ClarityPay is a provider of configurable pay over time plans that help merchants convert shoppers into customers. ClarityPay enables full-spectrum credit approvals with personalized terms—from 4-week installments to 84-month revolving lines—while giving merchants total control over the customer experience, data, and brand, with no competitive cross-sell. Built for omnichannel commerce, ClarityPay integrates seamlessly via API or through major commerce and lending platforms. Merchants in health, wellness, home improvement, travel, auto, and retail use ClarityPay to drive acquisition, loyalty, and long-term growth. Learn more at claritypay.com. Press related inquires can reach out to [email protected].

SOURCE ClarityPay

Ramp Fast Facts

• To date, saved customers over $10 billion and 27.5 million hours.
• Serves more than 40,000 companies, including CBRE, Shopify, Anduril, Notion, Cursor, Vercel, Barry’s, and the University of Tennessee Athletics Foundation.
• Currently powers over $80 billion in annualized purchase volume across card transactions and bill payments.*
• In July launched the first of many autonomous AI agents, helping customers catch 15x more policy violations with near-perfect accuracy.
• Exceeded $1 billion in assets under management for Ramp Treasury, less than six months after launch.
• Product line includes corporate cards and expense management, bill payments, procurement, travel booking, and treasury. A majority of Ramp customers use two or more products across its platform.

With this round, Ramp has raised $1.9 billion in total equity financing. The company began generating cash flow earlier this year.

“We’re focused on ensuring our only constraint is the scale of our ambition,” said Will Petrie, Chief Financial Officer at Ramp. “We have a fortress balance sheet and an accelerating core business. Both will allow us to play to win as AI reshapes the future of finance.”

What follows is a letter Eric Glyman, co-founder and CEO of Ramp, shared with customers here.  

* Ramp does not include bank transfers or non-monetized payments when calculating Total Purchase Volume.

We Raised $500M To Build The Future of Finance.

Rewind to the year 2000.

My school computer lab just upgraded to Windows 98. You dial up a travel agent to book your summer vacation. Finance teams are running on spreadsheets.

Fast-forward to today. The same lab has kids writing software with AI agents. I can book a vacation with a few taps on my phone. Most finance teams? Still running on spreadsheets.

So, what’s the big rush? Well, how does any industry change? Gradually, then suddenly. Decades where nothing happens; months where decades happen.

Three weeks ago we launched our first AI agents. Finance teams at Notion, Webflow, and Quora have them working round the clock: reviewing, approving, and coding transactions, flagging fraud, and updating policies.

We used to train people to think like software. Now it’s time for software to think like people: your sharpest controllers, procurement leaders, treasury experts.

So, why are we raising another $500 million? (just 45 days after our last round) Because we’re at a unique moment in finance. A new beginning. Fortunately, over the last six years we’ve assembled (what I think) are the best engineering and design teams in our industry.

Now, let me tell you how we think finance will change, and why you’re in the best hands.

The year is 2025: Pick your poison

I talk to at least ten different finance teams a week. Some customers, some not. Nine out of ten conversations fall into one of two buckets.

First, the ‘manual’ crowd. Heads down. Working day to day. Who can blame them! The work is endless and there’s no time to change. It reminds me of Winnie the Pooh coming down the stairs. ‘Bump. Bump. Bump.’ ‘I’m sure there is a better way…If only I could stop bumping for a moment to think of it.’

Then there’s the ‘we’re doing something about what’s coming’ crowd. The CFO is asking for an AI plan. You’re testing different tools, there’s an urgency. Meetings are about automating away as much busywork as possible.

We’re noticing more and more companies across all industries (construction, healthcare, retail, etc.) hop from the first bucket to the second. And no one is going back. Once you’ve seen an agent automatically rebook your hotel if the price drops, the days of back and forth between you, your manager, and travel support feels impossible.

By 2026: Agents Take Over the Busywork

Picture the most routine transaction in your company: Jess from sales grabs a $5 latte on the way to a client meeting.

1. She saves the receipt and uploads a picture when she gets home: 4 minutes
2. Her manager gets a report at the end of the month, asks a follow-up question: 3 minutes
3. A finance associate audits policy, codes the expense, syncs the entry: another 7 minutes

That’s 3 interruptions. 14 minutes. $20 in overhead for a single coffee. Scale that across 2,000 swipes a month and your finance team is trapped in an endless loop of micro-decisions.

Now all you have to do is give our agent your PDF policy and it immediately starts approving low-risk expenses, answering employee questions over SMS, and flagging true outliers for you to review.

If you joined our beta, here’s what you’re already seeing:

• The team? Doing 85% less manual reviews
• Our agents? Catching 15x more policy violations
• Your financials? 10,000 transactions reviewed without breaking sweat

This is the first of a suite of agents coming in the next year.

By 2027: Finance Starts Running in Parallel

Today, finance runs in ‘series’. You’re so used to it, you hardly notice.

Take something simple: a contract.

• If a vendor sends one, then procurement reviews it
• If procurement approves, then legal checks the terms
• If legal signs off, then finance drafts the purchase order
• If the PO is issued and an invoice is received, then accounts payable schedules the payment

It’s a relay. Nothing moves until the previous step is completed. For as long as humans are doing the work this makes sense. Finance isn’t going to waste time coding something until it’s approved.

But what if it’s not humans doing the work?

Why can’t legal, risk, and procurement copilots review the same request at once? Why can’t agents pre-negotiate, pre-approve, and pre-reconcile before anyone asks? Why do you need a ‘month-end close’ if the books are always live?

This future is starting to happen. The result? Faster decisions, fewer bottlenecks, shorter cycles.

Right now, Ramp users are getting 3x more done per minute compared to two years ago. By 2027 – as our agents start working in parallel – we’re aiming for 30x.

By 2028: Autonomous AI with Human Oversight

Copilots now feel as natural as tapping to pay. Your team is ready for Autonomous Finance.

The difference? Auto = “self,” nomos = “rule.” Your finance software now thinks, acts, and improves by itself. A copilot flags idle funds not earning yield. Autonomous AI has already moved them; you don’t miss a penny of interest.

Picture a fleet for different tasks. Expense agents clearing 99%+ of transactions without human touch. Treasury agents optimizing cash positioning. FP&A agents running real-time forecasts.

This isn’t a story about replacing people. It’s about redeploying them – up the value chain, into the work only humans can do.

Your junior analysts become ‘agent coaches’. Your senior leaders will make a smaller number of higher quality decisions. They’re all now strategists, not clerks! In just three years, finance teams will look radically different.

45 days ago: I said “Let the robots chase receipts“

And we raised $200M to do just that.

Today, they’re not just chasing receipts. They’re filing your expenses, booking your travel, paying your invoices, and closing your books. And we’ve raised another $500M at a $22.5 billion valuation to pick up the pace.

If you’re reading this, you’re probably trusting us to run your finances – we’re saving tens of thousands of companies billions of dollars and hours a year – and we’re deeply grateful for your trust.

But here’s the reality: we still serve just 1.5% of businesses in the US. 98.5% to go.

Fortunately, 45 days is now a long time in finance.

– Eric

About Ramp
Ramp is a financial operations platform designed to save companies time and money. Our all-in-one solution combines payments, corporate cards, vendor management, procurement, travel booking, and automated bookkeeping with built-in intelligence to maximize the impact of every dollar and hour spent. Over 40,000 customers, from family farms to space startups, have saved $10 billion and 27.5 million hours with Ramp. Founded in 2019, Ramp enables tens of billions in purchases annually. Learn more at www.ramp.com.

Contact
[email protected] 

SOURCE Ramp

• Private Strategy Brings Insurers Scaled Access to Investment-Grade Fixed Income with Definable Positive Impact
• Since Inception, Nuveen C-PACE Strategies Now Total Over $6 Billion in AUM

NEW YORK, July 30, 2025 — Nuveen, one of the largest asset managers globally with over $1.3 trillion AUM¹, and Nuveen Green Capital (“NGC”), a Nuveen affiliate and leading provider of sustainable commercial real estate financing solutions, announced $785 million in new capital commitments to Nuveen C-PACE Lending Fund III.

Nuveen Green Capital’s C-PACE lending strategy provides insurance investors with access to investment-grade impact assets, offering the potential for long-dated, steady returns while supporting much-needed capital expenditures on commercial properties. C-PACE is a public-private financing program led at the state level that provides building owners and developers with low-cost, long-term capital to fund commercial property improvements towards greater energy efficiency, water conservation and climate resiliency.

“While sustainability and impact remain key considerations for insurers and their investments, we also continue to see life insurers prioritizing longer duration, investment grade asset backed securities with attractive risk-adjusted returns,” said Joseph Pursley, Nuveen Head of Insurance, Americas. “NGC’s C-PACE strategies meet both of these considerations, which provide a solution that drives greater climate resiliency while being capital efficient, meets risk requirements and offers scale that insurers are looking for in their investment portfolios.”

“NGC’s vertically integrated platform brings investors scaled and proprietary flow of C-PACE assets with established sponsors with both compelling economics and positive social impact,” said Alexandra Cooley, CIO and Co-founder of Nuveen Green Capital. “For property owners, this fund enhances NGC’s balance sheet lending capabilities and our readiness to provide attractive financing that improves buildings’ bottom lines.”

Nuveen’s recent survey of major global institutional investors reveals that 93% of insurers consider or plan to consider environmental and social impact when making investment decisions. The firm currently manages approximately $325 billion in assets for over 125 global insurance clients.

As a leading C-PACE player based on 2024 market originations, NGC has continued to pioneer the access, structure and packaging of C-PACE assets on behalf institutional investors². Since 2017, the company has issued more than $3 billion through securitizations and private funds, establishing itself as the first to securitize the asset class and launch a private fund series³.

According to a recent NGC impact report, its C-PACE financings in 2024 reduced CO2 emissions equivalent to the impact of more than 407,000 acres of forest; saved more than 461 million gallons of water and more than 585 megawatt hours of energy and supported the creation of more than 2,100 housing units⁴.

Media Contact

Andrew Chironna | [email protected]  | 212-913-1015

About Nuveen
Nuveen, a global asset manager, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.3 trillion in assets under management as of 31 Mar, 2025 and operations in 32 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.

This vehicle is only available to accredited investors

Important information on risk

Past performance is no guarantee of future results. All investments carry a certain degree of risk, including the possible loss of principal, and there is no assurance that an investment will provide positive performance over any period of time. Certain products and services may not be available to all entities or persons. There is no guarantee that investment objectives will be achieved.

Investors should be aware that alternative investments are speculative, subject to substantial risks including the risks associated with limited liquidity, the potential use of leverage, potential short sales and concentrated investments and may involve complex tax structures and investment strategies. Alternative investments may be illiquid, there may be no liquid secondary market or ready purchasers for such securities, they may not be required to provide periodic pricing or valuation information to investors, there may be delays in distributing tax information to investors, they are not subject to the same regulatory requirements as other types of pooled investment vehicles, and they may be subject to high fees and expenses, which will reduce profits.

C-PACE assets are subject to various risks, including but not limited to: risks of insufficient cash flow of the subject property due to impaired operations or value; risks of a decline in the real estate market or financial conditions of a major tenant; risks of delinquencies and defaults; failure of the subject properties to complete agreed upon construction, repairs or improvements or achieve projected energy savings; limited operating history of certain subject properties; risk of assessments underlying certain C-PACE assets failing to comply with applicable state or local laws; risks of disputes with subject property owners and mortgage lenders; environmental contamination risks affecting the subject property; lack of industry-wide prepayment information available for commercial C-PACE assessments; and changes in laws and policies impacting C-PACE programs.

Responsible investing incorporates Environmental Social Governance (ESG) factors that may affect exposure to issuers, sectors, industries, limiting the type and number of investment opportunities available, which could result in excluding investments that perform well.

Nuveen considers ESG integration to be the consideration of financially material environmental, social and governance (ESG) factors within the investment decision making process. Financial materiality and applicability of ESG factors varies by asset class and investment strategy. ESG factors may be among many factors considered in evaluating an investment decision, and unless otherwise stated in the relevant offering memorandum or prospectus, do not alter the investment guidelines, strategy or objectives. Select investment strategies do not integrate such ESG factors in the investment decision making process.

The data and claims included in the material have not been verified by an independent third party. 

¹ As of April 30, 2025.
² Based on 2024 NGC originations as a percentage of PACE originations as reported by C-PACE Alliance, as of 31 Dec 2024.
³ Asset Securitization Report, Greenworks 1^st to market with commercial PACE securitization, 27 Sept 2017.
⁴ Nuveen Green Capital, 2024 Annual impact report.

SOURCE Nuveen