MIAMI, June 26, 2025 — The $1M pre-seed round, backed by Boost VC and Winklevoss Capital, will enable Castle to onboard forward-thinking SMBs to an automated bitcoin treasury solution.
Castle, a bitcoin treasury platform for small and medium-sized businesses (SMBs), announced today it raised $1 million in an oversubscribed pre-seed round to accelerate its mission of making it seamless for businesses to protect and grow their wealth using bitcoin.
Castle Raises $1M to Bring Automated Bitcoin Treasury Solution to U.S. Businesses
The round was led by Boost VC, with participation from Winklevoss Capital, Park Rangers Capital, Epoch VC, and select angel investors. The funding will fuel platform development and scale onboarding efforts to reach SMBs nationwide, serving companies seeking an inflation-resistant, turnkey treasury solution.
“Most savings products used by small and medium businesses, despite being framed as high-yield, actually lose money after accounting for inflation. Business owners are waking up to this and deserve better,” said Stephen Cole, CEO of Castle. “Bitcoin, with its strictly limited supply, has been the best performing asset of the past decade and we’re excited to bring it to companies across America.””We see bitcoin as the world’s most powerful savings technology, and Castle is making it easy and accessible for small and medium businesses,” said Brayton Williams, Managing Partner of Boost VC. “The founders are veteran bitcoiners and tech leaders, combining a rare sense of mission and execution ability, and Boost VC is excited to support them.””Bitcoin is the ultimate store of value,” said Cameron and Tyler Winklevoss. “Unlike fiat, it protects the value of your life’s work. Castle lives up to its name by helping businesses safeguard their balance sheet by automatically converting a portion of every sale into bitcoin.”João Almeida, CTO, said “By integrating with tools like QuickBooks, PayPal, Square, and Stripe, our platform gives businesses intelligent bitcoin exposure aligned with their operational requirements. Castle is built to be invisible so owners can focus on what they do best and know their bitcoin treasury will look the way they want.”
By dynamically suggesting strategies ranging from conservative to aggressive, Castle enables businesses to right-size their allocation according to their risk tolerance. Current customers span industries including restaurants, fitness, accounting, e-commerce, SaaS, fine art, real estate, and more.
Castle’s automation and integrations maintain the desired level of bitcoin exposure even in the face of challenges such as fluctuations in revenues, expenses, or overall holdings, through features such as:
Automated recurring allocations to bitcoin either as a fixed dollar amount or a percentage of revenue (e.g., 5%)
Setting thresholds on cash accounts to trigger automatic bitcoin purchases or sales, ensuring liquidity for operational expenses.
Defining maximum and minimum percentages that bitcoin should represent of overall holdings
“Bitcoin isn’t just for Silicon Valley and Wall Street, it’s also for Main Street,” Cole said “We believe all businesses will begin upgrading to bitcoin over the next 10 years, and those earliest to do so stand to benefit the most.”
With free sign-ups and no monthly fees, Castle makes an inflation-proof treasury solution available to SMBs. To sign up today, users can visit savewithcastle.com.
For media inquiries, users can contact 21M Communications at [email protected].
About Castle
Castle provides businesses with intelligent bitcoin treasury solutions, combining automation and seamless financial integrations to safeguard assets and foster long-term value creation. Learn more at savewithcastle.com
NEW YORK, June 26, 2025 — Niural, the first AI-native global PEO (Professional Employment Organization) for fast-growing companies, has raised $31 million in Series A funding. The round was led by Marathon Management Partners, with participation from existing investors M13, Inspired Capital, Newform Capital and several new strategic investors. Marathon’s Gokul Rajaram, an industry leader on the boards of Coinbase, The Trade Desk, and Pinterest, joins Niural’s board.
The funding will accelerate Niural’s AI capabilities and global expansion, furthering its mission to build an AI-native system of intelligence for CFOs of modern companies.
Solving the Fragmented Back-Office
Historically, the payroll industry has seen minimal innovation, operating on decades-old infrastructure and tax engines built in the 1980s. Traditional PEOs struggle to support today’s distributed teams, which forces growing companies to patch together multiple vendors. This fragmentation creates disjointed systems of record that prevent effective AI implementation, which requires access to a single source of truth.
Niural addresses this challenge for companies by introducing a fundamentally reimagined solution: the industry’s first end-to-end global PEO platform. Developed over several years, Niural’s platform features proprietary tax engines, integrated payments infrastructure, and EMMA—the industry’s first executional AI coworker. With Niural, customers:
save over 60 hours per month
reduce HR and foreign exchange costs by up to 50%, and
reduce payroll errors by 90%.
While Niural enters the market as a PEO, its capabilities extend across all CFO functions. “At its core, payroll is one of the most complex fintech challenges a company faces,” said Gokul Rajaram. “Niural has fundamentally rethought payroll by designing an AI-native fintech infrastructure from scratch which enables it to innovate and launch interrelated products faster than any platform I’ve seen at this stage. This creates immediate value for CFOs managing all money flows, positioning Niural as the primary vendor for scaling organizations.”
Niural was co-founded by seasoned entrepreneurs Nami Baral and Nabin Banskota. Nami Baral, CEO, previously founded Harvest, which introduced AI agents in the consumer financial technology space. Nabin Banskota, President, brings extensive financial leadership experience as a former CFO with deep expertise in global financial operations, risk management, and compliance.
“Niural sits at the intersection of powerful industry shifts – in AI-driven automation, global workforce distribution, and integrated financial operations,” said Nami Baral. “With agentic AI, Niural is converting a legacy system of records into a system of intelligence that companies can rely on for generations.”
Drawing from his extensive experience as a CFO, Nabin Banskota emphasized the practical value Niural offers: “As a former CFO, this is a dream come true for most finance folks that are hyper-focused on growth globally.” “Most companies that come to us start with our PEO product and end up replacing 3-6 different tools, which is very strong validation from our customer base.”
Niural has seen incredible traction with 700 percent ARR growth last year and a growing list of clients who are leaders in their field, such as Tensor, Polygon Labs, Mob Entertainment, Slingshot AI, and Karate.com.
“Niural has become a true extension of our team,” said David Kuhn, General Counsel at Karate.com. “We began with one product, but now rely on Niural’s entire suite of products globally. Their platform effortlessly manages multiple subsidiaries, complex payments, and extensive compliance requirements.”
About Niural: Niural is the first AI-native PEO platform built specifically to manage payroll, global compliance, and payment operations, featuring EMMA, an executional AI coworker that revolutionizes operational efficiency. Founded by repeat entrepreneurs Nami Baral and Nabin Banskota, Niural serves rapidly growing companies in SMB and mid-market segments. Niural empowers organizations to scale their HR & Finance operations effortlessly, domestically and internationally. For more information, visit https://www.niural.com.
About Marathon Management Partners: Marathon is a multi-stage investment firm that partners with founders who are obsessed with defining their categories across software and fintech. Founded by Gokul Rajaram, Michael Gilroy, Chase Packard, and Alex Gorgoni, Marathon combines deep operational and investment expertise with long-term capital to support companies from inception through scale. The firm has offices in New York, Menlo Park, and Los Angeles.
Founded by serial entrepreneurs, Tacta is developing robotics with human-like tactile abilities for industrial and consumer applications
PALO ALTO, Calif., June 26, 2025 — Tacta Systems, a robotics company developing dextrous intelligence to give robots human-level tactile skills and spatial awareness, today announced $75 million in funding to accelerate the development of robotic solutions capable of performing complex, human-like tasks.
The funding includes a previously undisclosed $11 million seed round, led by Matter Venture Partners, along with a $64 million Series A round led by America’s Frontier Fund and SBVA, with participation from Matter Venture Partners, B Capital, EDBI, Sojitz Corporation, CDIB -TEN Capital, Yazaki Innovations Inc., B5 Capital, Tyche Partners and Woven Capital.
Tacta’s breakthrough lies in its proprietary combination of software, hardware and AI advances, along with its development of Dextrous Intelligence. As a smart nervous system, Dextrous Intelligence allows robots to sense, adapt, and manipulate the physical world with human-like precision and speed.
“Enabling machines to solve complex, physical world problems is the next frontier in robotics technology,” said Andreas Bibl, Co-founder and CEO of Tacta Systems. “AI models have become incredibly sophisticated in working with text and video, but much of the physical world remains incomprehensible to them. We’re incredibly excited about the disruptive technology that we’re developing, which will ultimately help humanity automate much of the drudgery of factory work and grueling physical labor.”
“Tacta is led by one of the most seasoned and accomplished Hard Tech entrepreneurs that I’ve ever seen,” said Wen Hsieh, Founding Managing Partner at Matter Venture Partners. “The technology that they’ve developed in the last year-and-a-half is game-changing, and will prove incredibly valuable to both robotics and the world in the coming years. My firm and I are proud to have backed them from the very beginning.”
About Tacta Systems Tacta Systems is an advanced robotics company developing Dextrous Intelligence, the nervous system for robots. Its technology enables robots to perform delicate, variable, human-like tasks with flexibility, efficiency and autonomy. Founded by serial entrepreneurs, Tacta is backed by Matter Venture Partners, America’s Frontier Fund, SBVA, B Capital, Sojitz Corporation, CDIB -TEN Capital, Yazaki Innovations Inc., B5 Capital, Tyche Partners, and Woven Capital.
ATLANTA, June 26, 2025 — Eagle Merchant Partners (“Eagle” or the “Firm”) has made the first investment from its recently closed Fund II, backing Aligned Fitness, a leading Southeast-based Franchisee of Club Pilates. The private equity firm is partnering with Aligned’s leadership to accelerate growth through new studio development and strategic acquisitions across the Southeastern and Mid-Atlantic United States.
Founded in 2016, Aligned Fitness is led by CEO Jon Smith, along with founders Joe and Kerry Ruggieri, who will remain in their roles and continue to drive the platform. Eagle also completed two add-on acquisitions: Crescent Concepts, LLC, which operates Club Pilates studios in South Carolina and North Carolina, and Next Twenty, LLC, which operates Club Pilates studios in Georgia. The combined Aligned platform will operate 34 studios today across North Carolina, Georgia and South Carolina.
“The Club Pilates system represents a highly attractive opportunity given its market leading brand within the pilates sector, passionate and inclusive member base and strong unit economics,” said Jake Rubenstein of Eagle Merchant Partners. “Jon, Joe, Kerry and their team have built a differentiated platform focused on providing a consistent, high-quality experience to their members, and we are investing in their vision for growth.”
Aligned Fitness marks Eagle’s third transaction in the health and wellness sector, following its acquisition of AYA Medical Spa and previous investment in United Planet Fitness. The firm has deep experience in multi-unit and franchise businesses, with a focus on owner-operated companies across the Southeast.
“We were drawn to Eagle’s track record in wellness and franchising,” said Jon Smith, CEO of Aligned Fitness. “They understand the dynamics of growing a multi-unit consumer business and bring the right mix of operational and strategic support as we expand.”
The boutique fitness industry, estimated at $24 billion and growing at more than 12 percent annually, continues to benefit from post-COVID consumer focus on personalized offerings.
Piper Sandler advised Aligned Fitness and Williams Mullen acted as legal counsel. King & Spalding acted as legal counsel for Eagle Merchant Partners and Miller & Martin acted as legal counsel to Eagle & Aligned for the two add-on acquisitions.
Eagle closed its second fund, Eagle Merchant Partners Fund II, with $415 million in capital commitments in May 2025.
Funding was led by Cobalt Ventures to help Handspring grow its evidence-based behavioral health model for families
NEW YORK, June 26, 2025 — Handspring, a mental health provider focused on youth, young adults, and their families through high-quality virtual therapy, has announced a $12 million Series A round. The round was led by Cobalt Ventures, with participation from NextView Ventures, nvp capital, 25madison, Arkitekt Ventures, VamosVentures, Hyde Park Angels (HPA), Cornucopian Capital, and others. Two health plans also joined the round, underscoring strong payer alignment with Handspring’s clinically rigorous and cost-effective model of care.
Handspring is redefining youth mental health by building a workforce of fully employed, expertly trained therapists, addressing a national shortage of qualified pediatric providers. Unlike platforms that rely on gig-based networks with minimal oversight, Handspring invests in developing its clinicians through structured onboarding, weekly individual and group consultations, and ongoing training in evidence-based care. The Company’s model includes skills-based Cognitive Behavioral Therapy (CBT), Dialectical Behavior Therapy (DBT), exposure therapy, parent coaching, and a first-of-its-kind Complex Care program designed to support high-risk youth who are often underserved, turned away from traditional outpatient services, and often unnecessarily referred to higher levels of care such as emergency departments (ED) or intensive outpatient programs (IOP).
Handspring’s approach is working:
96% of families report improvement in daily life of their family upon discharge.
The company maintains a Net Promoter Score (NPS) of 82, reflecting exceptional satisfaction and trust.
84% of patients in treatment for anxiety and 79% of patients in treatment for depression saw clinical improvement, as measured by validated clinical scales at the completion of their care.
Underpinning Handspring’s care delivery is a fully integrated technology platform, including custom-built patient and provider portals, a homegrown AI-powered clinical scribe, and a therapist matching engine that ensures strong clinical fit from day one. These tools streamline operations, minimize operational overhead, and create a more seamless experience for both families and providers.
“While we’ve made strides in expanding access to care, we’ve simultaneously allowed quality standards to erode. Patients deserve more than just an available therapist – they deserve evidence-based treatment, genuine therapeutic relationships, and measurable progress toward recovery,” said Sahil Choudhry, CEO and co-founder of Handspring. “This funding is so important because it helps us continue to build a system that truly cares about the long-term well-being of every child and family we serve.”
Kwasi Kyei, President and co-founder, said, “Handspring is meeting the needs of children, teens, and young adults with complex challenges that many providers can’t or won’t treat. And it doesn’t stop there — we take a whole family approach by working with parents so they can support their children outside of therapy sessions.”
The company also announced that Dipa Mehta of Valeo Ventures and Rob Go of NextView Ventures have joined its Board of Directors, bringing deep expertise in digital health and early-stage growth.
The investment will be used to deepen clinical programs for complex patient populations, expand value-based care partnerships, and enhance the company’s proprietary technology platform, including further development of AI tools focused on automating operations and improving outcomes of care.
About Handspring Handspring Health is reimagining mental health care for the next generation – serving children, adolescents, young adults, and their families through structured, measurable, and evidence-based virtual therapy. With a team of licensed clinicians trained in treating anxiety, depression, OCD, ADHD, trauma, and more, Handspring empowers young people and their families to thrive. Care is personalized, timely, and grounded in outcomes – because better mental health starts with better care. For more information, visit handspringhealth.com.
With funding led by Forgepoint Capital, the fast-growing startup is pioneering agentic AI to slash data costs, automate data engineering and prepare enterprises for AI at scale.
DALLAS, June 26, 2025 — DataBahn.ai, creator of a security-native data pipeline platform built for modern enterprise workloads, today announced it has raised $17 million in Series A funding. The round was led by Forgepoint Capital, with participation from S3 Ventures and returning investor GTM Capital, bringing the company’s total capital raised to $19 million.
AI-powered data pipeline management
The funding will accelerate the development of the DataBahn platform roadmap for agentic AI —autonomous agents that learn from enterprise data flows to automate data engineering tasks—and support global expansion as the company establishes itself as the trusted foundation for enterprises seeking clarity, control and composability in their data pipelines.
DataBahn.ai is setting a new benchmark for how modern enterprises manage and operationalize telemetry across security, observability, IOT/OT and AI ecosystems. The DataBahn platform delivers a dynamic, AI-native data fabric that allows organizations to seamlessly integrate, govern and optimize data pipelines from any source to any destination—with one-click simplicity and enterprise-grade control.
Unlike legacy streaming solutions that simply move logs, DataBahn goes further. Its new Phantom agents collect telemetry without deploying traditional agents, avoiding footprint bloat and preserving compute resources. Built on a revolutionary AI-driven architecture, DataBahn parses, enriches and suppresses noise at scale, all while also being mindful of egress costs. The platform’s new federated search capabilities deliver persona-based insights; it’s beyond just using SQL queries. For security teams, this means faster threat detection and streamlined compliance. For observability teams, better predictive analytics for IT outage prevention. For business teams, deeper application transaction visibility. For the enterprise as a whole, DataBahn unlocks the full value of data—without compromise.
Today’s enterprises don’t just need data pipelines; they need intelligent fabrics that adapt, govern and optimize data at scale,” said Nanda Santhana, co-founder and CEO of DataBahn.ai. “We’re building the foundation for a new era of observability, one where data is not just moved, but understood, enriched and made AI-ready in real time.”
In a blog post, Forrester Research observed that “data pipeline management tools can route, reduce, redact, enrich or transform data. The benefits of a purpose-built data pipeline tool are to reduce the data preparation necessary to interpret the streams of data and events specific to security insights. With increasingly distributed and disparate systems, a purpose-built data pipeline tool is designed to address complexity of classification, integration and modeling data for analysis.”
It is the above set of benefits outlined by Forrester that the DataBahn platform presently provides to a diverse set of enterprise customers. The company was founded by seasoned leaders in cybersecurity, data, infrastructure and risk—including alumni of top security vendors, Big Four consultancies and global financial institutions. The DataBahn platform has rapidly become a foundational layer in the modern enterprise data stack. In under two years, the platform has enabled Fortune 50 and Global 2000 organizations to reduce telemetry processing costs by over 50%, automate the majority of their data engineering workloads and eliminate blind spots across SIEM, observability and AI pipelines. Read more about customers using DataBahn at https://www.databahn.ai/.
“Enterprises aren’t just overwhelmed by data volume; they’re being outpaced by its complexity,” said Santhana. “Our mission is to transform telemetry from a liability into a strategic asset by making data pipelines smarter, leaner and AI-ready from the start.”
The need for more intelligent data storage and analytics pipelines is an existential question for large enterprises. The total amount of data created, captured, copied and consumed globally is forecast to increase rapidly, reaching 149 zettabytes in 2024. Global data creation is projected to grow to more than 394 zettabytes by 2028.
As part of the Series A round, Ernie Bio, managing director at Forgepoint Capital, has joined the DataBahn.ai board of directors. “DataBahn is tackling one of the most urgent infrastructure challenges: how to manage and extract value from fragmented, fast-growing data streams,” said Bio. “What’s truly rare is the customer enthusiasm. We heard consistent praise for the platform’s rapid ROI, forward-looking innovation and the team’s responsiveness—qualities that separate great companies from the rest.”
Originally designed to address the unique challenges of cybersecurity, IoT and OT telemetry, the DataBahn platform has rapidly evolved into a unified control plane for enterprise data. Its expansion into application, infrastructure and observability workloads reflects a growing demand for intelligent, end-to-end visibility across the modern data lifecycle.
“We didn’t set out to build just another pipeline. We built DataBahn to make data work for security and IT teams—not the other way around” said Nithya Nareshkumar, co-founder and president of DataBahn.ai. “By combining deep domain knowledge with plug-and-play AI, we’re helping teams break through complexity and unlock insight from day one—no rewiring, no retraining.”
CSL Behring is Using DataBahn at Enterprise Scale “This product has changed what data means to us. Our journey with DataBahn has transformed data from a cost center into a strategic asset. I’d recommend this to every CISO and IT leader looking to take control of their data,” said Greg Stewart, senior director of cybersecurity and threat intelligence at CSL Behring.
Additional Quotes “Enterprises face significant challenges converting security data into actionable insights due to significant longstanding limitations of legacy systems,” said Chris Inglis, former U.S. national cyber director, cybersecurity advisor to the president of the United States in the Biden administration, and an advisor to DataBahn.ai. “DataBahn’s innovative approach to scalable security data management represents a critical advancement in automating and optimizing data for next-generation security architectures. I’ve enjoyed working with the DataBahn team and look forward to continuing being a part of their journey to address the urgent need for intelligence and optimization in security data management.”
“Trusted by the world’s largest enterprises, DataBahn’s AI-powered data fabric is at the core of next-generation observability architectures,” said Aaron Perman, partner at S3 Ventures. “As data volumes exponentially outpace the limits of legacy SIEM and observability architectures, DataBahn puts enterprises back in control. We are excited to partner with DataBahn on this next phase of growth as they continue to enhance the product and build out the team.”
Resources To learn more about DataBahn:
About DataBahn DataBahn is an AI-powered data pipeline and fabric platform that enables enterprises to securely collect, enrich, orchestrate and optimize telemetry across security, application, observability and IoT/OT systems. Initially purpose-built for cybersecurity, the platform is rapidly expanding into IT and application transaction data—powered by its AI agent, Cruz, which automates complex data engineering tasks in real time. By eliminating fragmented toolchains and reducing operational overhead, DataBahn delivers real-time insights, intelligent automation and immediate ROI—without added complexity. Learn more at DataBahn.ai or contact [email protected].
About Forgepoint Capital Forgepoint Capital is a leading venture capital firm that partners with transformative cybersecurity, artificial intelligence and infrastructure software companies protecting the digital future. With the largest sector focused investment team, over $1 billion in AUM and an active portfolio of more than 40 companies, the firm brings over 100 years of collective company-building expertise and its global Advisory Council of more than 100 industry leaders to support exceptional entrepreneurs advancing innovation globally. Founded in 2015 and headquartered in the San Francisco Bay Area and London with a presence in Madrid and Paris, Forgepoint is proud to help category-defining companies reach their market potential. For more information, follow Forgepoint on LinkedIn.
MEDIA CONTACT: Jenny Fowler Cathey.co for DataBahn [email protected]
Galaxy Ventures raises its inaugural venture fund with the support of a global base of limited partners to back early-stage startups building the onchain economy
NEW YORK, June 26, 2025 – Galaxy Asset Management, an affiliate of Galaxy Digital Inc. (NASDAQ: GLXY) (TSX: GLXY) and one of the world’s largest digital asset and blockchain investment managers, today announced the final close of its oversubscribed Galaxy Ventures Fund I, LP (“GVF I” or “the Fund”). Driven by strong investor demand for access to the growing digital asset venture ecosystem, the Fund closed with over $175 million in capital commitments, exceeding its target of $150 million.
The Fund is focused on investing in early-stage companies developing critical infrastructure and applications for the onchain economy. Its investment strategy spans the categories of financialized applications, blockchain protocols, and software infrastructure. The Fund specifically has and will continue to target investments in secular growth areas like stablecoins, payments, and tokenization, plus all the supporting infrastructure that makes such technologies viable.
This milestone marks a new chapter for Galaxy Ventures, which had previously invested from Galaxy’s balance sheet since 2018. Given Galaxy Ventures’ strong track record of supporting visionary founders at the earliest stages, GVF I attracted a diverse group of limited partners, including institutional investors, family offices, and strategic digital asset businesses. The portfolio already includes some of the most promising startups in the space such as 1Money, Arch Lending, Ethena, M^0, Monad, Plume, Rail, Rain, RedotPay, Ubyx, and Yellow Card, among others. Including historical balance sheet investments and the current GVF I portfolio, Galaxy Ventures has backed more than 120 companies to date.
“Galaxy Ventures closing its first fund above the target at a time when raising crypto venture is historically difficult showcases our team’s unique edge in the market,” said Mike Novogratz, Founder and Chief Executive Officer of Galaxy. “With deep roots in onchain markets and blockchain infrastructure, we’re committed to backing founders and startups building real-world use cases that are shaping the next chapter of crypto adoption.”
The Galaxy Ventures team is headed by Will Nuelle and Mike Giampapa. They are supported by a team of investors and a dedicated Ventures Platform function that directly supports portfolio companies with in-house company building resources and connectivity to Galaxy’s global business lines including blockchain infrastructure, lending, trading, and more. With a global team of more than 550 employees, Galaxy offers portfolio companies deep industry connectivity, insight, and access to growth opportunities that help portfolio companies navigate the rapidly shifting crypto landscape.
“Blockchain infrastructure is poised to revolutionize global financial markets. We’re seeing an acceleration of adoption from both institutions and retail users globally—especially around use cases like payments, capital markets, and financial services more broadly,” said Mike Giampapa. “By investing in the teams that are building these core technologies and supporting their growth directly, we have a front-row seat to the most novel concepts and products in crypto.”
About Galaxy Galaxy (NASDAQ/TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, investment banking, asset management, staking, self-custody, and tokenization technology. In addition, we invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. The company is headquartered in New York City, with offices across North America, Europe, the Middle East and Asia. Additional information about Galaxy’s businesses and products is available on www.galaxy.com.
Disclaimers and Additional Information The TSX has not approved or disapproved of the information contained herein.
CAUTION ABOUT FORWARD-LOOKING STATEMENTS This release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as “forward-looking statements”). These forward-looking statements relate to the Tokenization Wizard launch and opportunities. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “intends”, “anticipates” or “believes”, “seeks” or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. The forward-looking statements contained in this release are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. Forward-looking statements involve known and unknown risks uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. Inherent in forward-looking statements are risks, uncertainties and other factors beyond the Company’s ability to predict or control. The forward-looking statements are subject to the risks regarding the product and launch. Factors that could cause outcomes to differ materially from those described in such forward-looking statements include, but are not limited to global developments, a delay or failure in the ability to launch and changes in applicable law or regulation. Readers are cautioned that such risk factors, uncertainties and other factors are not exhaustive. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements in this release. The forward-looking statements in this release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement and the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable securities laws. Investors are cautioned that forward-looking statements are not guarantees of future performance and are inherently uncertain. Accordingly, investors are cautioned not to put undue reliance on forward-looking statements.
Tripling Growth Year-Over-Year, Certify Emerges as the Go-To Partner for Health Plans
NEW YORK, June 26, 2025 — Certify, the provider data intelligence company, today announced a $40 million Series B funding round led by Transformation Capital, with continued backing from General Catalyst and Upfront Ventures and new support from SemperVirens. The investment brings Certify’s total funding to $69 million and comes amid tremendous momentum for Certify, which has tripled its growth year-over-year.
“This funding is the latest marker in Certify’s dramatic growth trajectory,” said Anshul Rathi, Founder and CEO of Certify. “Provider data chaos remains one of the most overlooked drivers of cost, delay, and abrasion in healthcare today. Without addressing this foundational issue, patients won’t find needed care and provider burnout will reach a breaking point. We’re building what healthcare has always needed but never had – a single, intelligent source of truth for provider data that transforms fragmented, error-prone processes into a strategic asset.”
The company plans to use the funding to accelerate product, engineering and go-to-market efforts to meet growing market demand.
Reimagining Healthcare’s Provider Data Foundation While Certify entered the market as a credentialing platform, the company today serves health plans and digital health companies with end-to-end provider data needs, including credentialing, licensing, monitoring, and roster management – all using a single provider data layer that’s AI-powered and grows stronger with each new participant.
“Certify’s health plan market penetration and powerful network effects set it apart in the healthcare data infrastructure space,” said Scott Rosen, Partner at Transformation Capital. “Their team is modernizing provider data administration by rearchitecting the foundational layer that healthcare runs on. The opportunity ahead — to unify, simplify, and scale provider operations across the industry — is massive.”
The company’s growth is fueled by its incredible client impact, which includes 40% reduction in administrative costs, 30% improvement in provider data accuracy, 99.8% field-level accuracy, and provider onboarding time cut from months to days.
Certify’s platform unifies provider data from thousands of primary sources — like state boards, certifying bodies, and national clearinghouses — through automated pipelines and partnerships. It layers in self-reported data from providers, and uses AI and machine learning to attribute every data point to a unique provider record. Behind the scenes, the platform cleans, standardizes, and normalizes the data, creating a real-time source of truth. Their API-first infrastructure enables source of truth data to be used by customers to automate processes like credentialing and to bring accurate provider data seamlessly into any downstream system — whether for claims or directories — exactly when it’s needed.
This level of automation and accuracy is increasingly critical as health plans are under pressure to meet rising regulatory demands, improve provider and member experiences, and reduce administrative waste — all while managing fragmented systems and outdated workflows. Manual data entry drives up to 50% of inaccuracies, and up to 30% of claims are delayed or denied due to provider data issues. In a system that depends on trust, speed, and interoperability, Certify is laying the foundation for the next generation of provider network operations.
About Certify Certify is the architect of modern provider data infrastructure — combining best-in-class technology, best-in-class data, and deep domain expertise to transform how healthcare operates. Entering the market in 2021 as a credentialing platform, Certify now powers the full provider data lifecycle through a continuously updated source of truth powered by thousands of primary sources and available through one API. The provider data intelligence company is backed by esteemed investors including Transformation Capital, General Catalyst, Upfront Ventures, and SemperVirens. For more information, please visit us at certifyos.com.
DENVER, Colo., June 25, 2025 — Lux Aeterna, a next-generation space infrastructure company reinventing orbital operations through reentry and reusability, today emerged from stealth and announced its $4 million pre-seed funding round. The raise was led by Space Capital with participation from Dynamo Ventures, Mission One Capital, Alumni Ventures, Service Provider Capital, and strategic deep tech angels, including the co-founders of Dive Technologies (acquired by Anduril).
Delphi Render
Lux Aeterna is developing the world’s first fully reusable satellite bus, engineered for high reliability and designed to meet emerging demands from the U.S. Department of Defense for responsive space capabilities. The company is building a future in which satellites aren’t single-use assets but dependable infrastructure that can be launched, returned, and redeployed like reusable rockets.
The company plans to embark on its pathfinder demonstration in early 2027, when it will launch
its first spacecraft, Delphi, via Exolaunch on a rideshare mission with SpaceX.Delphi will demonstrate an end-to-end mission by hosting an onboard payload, conducting on-orbit tests, then re-entering Earth’s atmosphere to be recovered and refurbished for another flight, making it the first satellite ever to fly twice.
Unlike traditional satellite buses that burn up after each mission, Lux Aeterna’s platform is fully reusable. This breakthrough not only lowers costs but also sets a new standard for resilience and sustainability in orbital operations. As part of this shift, Lux Aeterna is rolling out multiple business models to give customers a range of ways to access and operate satellites. Whether a mission lasts six months or five years, the cost can align with time on station, unlocking new operational and economic agility.
Lux Aeterna’s approach is grounded in the recognition that market demand for downmass and reusable satellite infrastructure is not just emerging, but here today. The company is actively collaborating with other industry leaders to co-develop a market-focused framework that prioritizes customer flexibility, mission diversity, and operational choice in this expanding sector.
“We’re taking the high-risk, high-cost nature out of space missions and replacing it with reliability, flexibility, and reusability,” said Brian Taylor, Founder and CEO of Lux Aeterna, a former engineering leader at SpaceX, Amazon Project Kuiper, and Loft Orbital. “This funding is the first milestone in our mission to industrialize space through reusable infrastructure. While the satellite industry has evolved rapidly, its core infrastructure is still designed to be disposable. Lux Aeterna is changing that fundamental approach from the ground up.”
“We backed Lux Aeterna because this team has been at the leading edge of satellite innovation for years—building some of the most advanced spacecraft at the most ambitious companies,” said Justus Kilian, Partner at Space Capital. “That experience gave them a rare vantage point to rethink how satellites are designed, deployed, and reused. They’re not just iterating—they’re stepping boldly into what’s next. With the DoD actively seeking more dynamic and recoverable space platforms, this capability is urgently needed.”
About Lux Aeterna Lux Aeterna is transforming orbital operations with the world’s first reusable satellite platform, engineered for high reliability, accurate reentry, and rapid redeployment. With a newly operational 6,000-square-foot engineering and integration facility in Denver, Colorado, serving as its hub for development and testing, Lux Aeterna supports defense, commercial, and space manufacturing customers through a flexible, fleet-based model built to scale with the future of launch.
