Comp AI Raises $2.6M in Pre-Seed Funding to Revolutionize Enterprise Compliance with AI-Powered Automation  

SAN FRANCISCO, Aug. 1, 2025 — Comp AI, an emerging player in the compliance automation space, today announced it has secured $2.6 million in pre-seed funding to accelerate its mission of transforming how companies achieve compliance with critical frameworks like SOC 2 and HIPAA. The funding round was co-led by OSS Capital and Grand Ventures, both bringing specialized expertise in backing innovative technology companies. OSS Capital, known for investing in open-source challengers including ProjectDiscovery, Plane, and Cal.com, joins Grand Ventures, which has a strong track record supporting developer and infrastructure platforms such as Astronomer, Payload, and Tembo. The round also includes participation from notable angel investors David Cramer, founder of Sentry, and Ben Tossell of Ben’s Bites.

Addressing a Broken Industry
Compliance frameworks like SOC 2, HIPAA, and ISO 27001 have become essential for securing enterprise contracts, but the traditional path to achieving certification remains manual, expensive, and time-consuming. Comp AI is positioning itself as a disruptive alternative by combining open-source collaboration with advanced agentic AI automation. Since emerging from stealth in April 2025, the company reports impressive early traction. Comp AI claims its first batch of customers has collectively saved over 2,500 hours on manual compliance work. The startup has also participated in Vercel’s Spring ’25 OSS initiative and attracted more than 3,500 companies to its pre-launch testing program. The founding team consists of experienced Silicon Valley entrepreneurs Mariano Fuentes, Lewis Carhart, and Claudio Fuentes, who bring firsthand experience with the compliance challenges facing startups. Having navigated SOC 2 compliance at their previous ventures, the trio identified significant inefficiencies in the current market landscape.

Challenging Established Players
Comp AI is directly challenging established compliance platforms, which the company characterizes as costly and labor-intensive solutions that still require founders to spend weeks on manual compliance management. The startup claims its AI-powered approach can automate up to 90% of the compliance process, resulting in what it describes as “instant product-market fit” and monthly growth exceeding 89%.

Investment and Growth Plans
The new funding will support Comp AI’s expansion across multiple fronts over the next three months:

• Open-source platform expansion: Enabling security professionals and auditors to contribute control templates, framework mappings, and automation tools
• AI Agent Studio launch: Moving from beta to general availability, this tool allows customers to deploy automated agents for evidence collection, risk assessments, and vendor onboarding

Industry Recognition
The investment has drawn enthusiastic endorsements from both lead investors.”We have been blown away by Comp AI’s speed of execution and customer obsession. GRC has long been overdue for open source disruption, and Comp AI is delivering that in spades,” said Joseph Jacks, Founder of OSS Capital. Nathan Owen, General Partner at Grand Ventures, added: “GRC – specifically compliance (SOC 2, ISO 27001, GDPR, etc.) – has needed bold innovation for years, and Comp AI is leading the charge. Their platform isn’t an incremental improvement – it’s a complete reinvention.”

Looking Forward
According to the team, as Comp AI continues scaling its operations, the company is actively recruiting new team members. The funding round positions Comp AI to capitalize on the growing demand for streamlined compliance solutions as more companies seek to accelerate their path to enterprise readiness in an increasingly regulated business environment.

About Comp AI
Comp AI is a San Francisco-based startup founded in 2025 that’s revolutionizing how companies approach compliance certification. The company provides an AI-powered trust management platform that automates compliance for major frameworks, including SOC 2, HIPAA, GDPR, ISO 27001, and 25+ other regulatory standards.

Mission: To help 100,000 companies achieve SOC 2, ISO 27001, and GDPR compliance by 2032, making enterprise-grade security accessible to companies of all sizes without the traditional $25K+ annual costs and complexity. Comp AI is positioned as “the Vercel of compliance” – offering a developer-friendly, modern alternative to legacy compliance platforms that are often slow, expensive, and built primarily for large enterprises.

Contact:-

CEO, Founder
Lewis Carhart
Bubba AI, Inc.
[email protected]     

Photo: https://mma.prnewswire.com/media/2742766/Comp_AI_Team.jpg
Photo: https://mma.prnewswire.com/media/2742767/Comp_AI.jpg

SOURCE Comp AI

Maverick Capital Led the Oversubscribed Round with StepStone Group Joining as a New Investor

SAN JOSE, Calif., Aug. 1, 2025 — SiMa.ai, a pioneer in delivering purpose-built hardware and software solutions for Physical AI, today announced it has raised $85 million in an oversubscribed round, bringing total capital raised to $355 million. The latest round was led by Maverick Capital, with continued participation from existing investors and new investor StepStone Group.

This funding will fuel SiMa.ai’s global expansion and accelerate the scale-up of its Physical AI platform, including increased investment in software innovation, go-to-market operations, customer success, and strengthening the automotive roadmap.

“This new funding further validates our leadership in the Physical AI space and the growing demand for Physical AI solutions that deliver best-in-class performance per watt with industry-leading ease of use,” said Krishna Rangasayee, Founder and CEO at SiMa.ai. “With strong support from new and existing investors, we’re scaling quickly to extend our competitive lead and meet global customer demand across robotics, automotive, industrial automation, aerospace & defense, smart vision, and healthcare.”

SiMa.ai delivers the industry’s leading full-stack Physical AI platform with SiMa.ai ONE—an integrated, power-efficient solution combining purpose-built silicon and a software-centric approach to simplify deployment and maximize performance. The platform features Modalix, its second-gen multimodal MLSoC now shipping, and Palette, a comprehensive software suite with both SDK and Edgematic, a no-code visual development tool. Supporting all major ML frameworks—including vision, transformers, and generative AI—on a unified architecture, SiMa.ai enables fast, efficient AI adoption across real-world use cases across customers in robotics, automotive, industrial automation, aerospace & defense, smart vision, and healthcare.

“SiMa.ai is redefining what’s possible at the edge by combining world-class silicon with a uniquely software-centric approach to Physical AI. Their ability to deliver high-performance, low-power solutions with frictionless deployment positions them to lead in a market that’s scaling fast. We’re thrilled to support SiMa.ai as they accelerate their growth and continue to deliver transformative value across industries,” said Andrew Homan, Managing Partner at Maverick Capital.

“As generative AI transforms the data center landscape, we see immense opportunity in the next phase of innovation—AI at the edge,” said John Avirett, Partner at StepStone Group. “SiMa.ai’s full-stack solution, technical depth, and growing customer adoption make it a clear leader in this space. We’re excited to join the company’s journey and support its mission to drive efficient, scalable AI across real-world edge applications.”

As demand surges for AI at the edge—where power efficiency, performance, and simplicity are paramount—SiMa.ai continues to lead with a differentiated approach. By addressing the full system problem on a single chip and pairing it with a software stack optimized for developer experience, SiMa.ai is poised to lead the next wave of Physical AI innovation.

About SiMa.ai
SiMa.ai is a pioneer in Physical AI computing, developing innovative platforms that enable intelligent applications at the edge. The company’s Modalix platform delivers exceptional AI performance with industry-leading energy efficiency, making advanced AI capabilities accessible across diverse industries and applications such as robotics, automotive, industrial automation, aerospace & defence, smart vision and healthcare. Founded by seasoned technology veterans, SiMa.ai is headquartered in San Jose, California. For more information, visit www.sima.ai.

SOURCE SiMa.ai

PROVIDENCIALES, Turks and Caicos Islands, July 31, 2025 — KuCoin Ventures, the investment arm of leading global cryptocurrency exchange KuCoin, has announced a strategic investment in Stable, the world’s first high-throughput Layer1 blockchain powered by USDT, dedicated to serving as the infrastructure for stablecoin asset issuance and settlement while advancing the development of a global stablecoin clearing and settlement network.

Stable draws support from the teams at Tether and Bitfinex, with Bitfinex’s Chief Technology Officer, Paolo Ardoino, acting as a project advisor. This funding round featured joint participation from KuCoin Ventures and Paolo Ardoino, along with other investors including Bitfinex, Hack VC, Franklin Templeton etc. This diverse group—spanning crypto-native capital and established traditional finance players—underscores a strong market consensus on the need to evolve stablecoin infrastructure.

Positioned specifically for stablecoin payment use cases, this Layer1 blockchain targets three key challenges in current on-chain stablecoin applications: fluctuating fee structures, slow confirmation times, and complex user interactions. In contrast to public blockchains like Ethereum or Tron, Stable adopts a “built-for-stablecoins” approach in its architecture and user experience, aiming to transform how stablecoins are technically supported through its dedicated Stablechain network.

At the heart of Stable’s innovations are:

• USDT as Native Gas: Stable uses USDT as the native gas token. Users do not need to hold any platform tokens to initiate transactions, and peer-to-peer USDT transfers are gas-free, greatly simplifying the user experience; 
• High-performance architecture: Built on the StableBFT consensus (based on Cosmos’ CometBFT) and soon integrating a DAG architecture, Stable offers high throughput and near-instant confirmation times;
• Enterprise-grade security & scalability: Businesses can apply for dedicated block space, enabling predictable transaction speeds and fees, making it ideal for enterprise-level payment needs.

This investment marks a continued expansion of KuCoin Ventures’ strategy in supporting next-generation payment infrastructure and the stablecoin economy.

Cass Tsai, the head of KuCoin Ventures, commented:

“We firmly believe in the long-term potential of stablecoins in global payment ecosystems. Stable, as a high-performance blockchain tailored for USDT, provides a clear path forward for scalable stablecoin circulation, settlement, and cross-border use cases. We look forward to working with the Stable team to advance the development of a global stablecoin clearing and settlement network, and to support the industry’s next growth chapter.”

Joshua Harding, Co-founder and CEO of Stable, said:

“Payments infrastructure around the world needs an overhaul, and traditional methods have failed to achieve fast, reliable, and secure digital payments despite massive demand from consumers across the globe. Stable was developed to take advantage of the potential behind stablecoins like USDT to offer instant and seamless payments, directly addressing problems with current payment rails. The support we have received from major investors in both crypto and traditional finance shows that they share our vision, one that we are incredibly excited to work alongside them to make a reality.”

About KuCoin Ventures

The leading investment arm of KuCoin Exchange, KuCoin Ventures, is committed to investing in the most disruptive crypto and blockchain projects shaping the Web3 era.

About Stable

Stable is the first Stablechain—a dedicated payments Layer 1 where stablecoins like USDT are used natively for gas and settlement.

SOURCE KuCoin

NEW YORK, July 31, 2025 — Echo, an innovative startup building enterprise-grade software infrastructure, has raised $15 million in Seed funding. The round was led by Notable Capital and Hyperwise Ventures, with support from SVCI. Leveraging AI, Echo is eliminating vulnerabilities in container base images, the foundation of all applications. On the back of dozens of successful implementations, this funding will support Echo’s next phase of growth.

With AI now enabling code to be developed at unprecedented rates, the attack surface for vulnerabilities is expanding in tandem. Vulnerability exploitation has seen a 34% increase this year, correlating with a 61% year-over-year surge in discovered software vulnerabilities. That’s why Echo delivers container base images where vulnerabilities don’t exist by design.

AI agents drive each step – from analyzing the essential elements of the standard open source image to building a clean version from scratch and continuously patching it as new vulnerabilities are uncovered. The result is a clean image that mirrors, or echoes, the original’s exact functionality with a dramatically smaller attack surface.

“Echo was born out of a broken system,” said Eilon Elhadad, Co-Founder and CEO. “Today’s tools chase and prioritize vulnerabilities rather than solve the root of the problem. Our clean images enable companies to build on secure infrastructure, and our AI agents make sure it stays that way. We’ve reduced remediation timelines from an industry average of 120 days to just 24 hours – a transformative turnaround that’s reflected in customers’ existing scanners and CNAPPs.”

“Vulnerability management is a $17 billion industry. By offering secure-by-design infrastructure, it could unlock billions annually – not to mention the downstream cost savings of preventing potential breaches,” said Oren Yunger, Managing Partner at Notable Capital. “Echo gives businesses the luxury of not worrying about how to manage vulnerabilities,” said Nathan Shuchman, Managing Partner at Hyperwise Ventures.

Echo also fast-tracks FedRAMP compliance for cloud-based companies seeking U.S. Federal Government contracts through its ready-to-deploy, FIPS-validated images. And unlike existing solutions, Echo doesn’t require customers to switch to non-standard operating software – making it a seamless process to implement its images and opt in/out.

“Echo’s product is a game changer for us. The vulnerability-free container base images have immediately cut our patching workload, saving us significant time and money,” said Scott Roberts, CISO of UiPath.

Founded by Eilon Elhadad and Eylam Milner, previous co-creators of Argon (acquired by Aqua Security), Echo is redefining secure infrastructure from the ground up.

SOURCE Echo Software Inc.

With $30M+ in total funding, Knit delivers human and AI-powered insights to leading enterprises including Amazon, NASCAR, Mars Wrigley, and Overtime to make smarter, faster data-powered decisions

AUSTIN, Texas, July 31, 2025 — Knit, the AI-powered platform transforming how enterprises conduct consumer research, today announced it has raised $16.1 million in Series A funding. The round was led by GFT Ventures and Ashton Kutcher’s Sound Ventures with continued participation from Silicon Road Ventures, Osage Ventures, Rise of the Rest, and others. Notable angel investors such as David Kirk, former Chief Scientist at NVIDIA, and Gokul Rajaram, founding partner of Marathon Management, also participated in this round.

Knit’s platform enables users to run custom research and receive “report-ready” insights within days that are driven by generative AI and human expertise. Traditional research solutions like market research agencies often provide industry insight but can be slow and costly. Meanwhile, new AI tools promise speed and affordability, but frequently lack depth and substance. Knit addresses these challenges by elevating, not replacing, the researcher to deliver high-quality insights at the pace modern teams demand.

“Today’s enterprise researchers are being asked to do more with less,” said Aneesh Dhawan, Co-Founder and CEO of Knit. “Knit empowers them to deliver fast, cost-efficient insights without sacrificing quality or control. This funding accelerates our vision for a human + AI platform that makes research accessible, contextual, and decision-ready.”

Each research project on Knit is powered by a unique combination of human researcher expertise and AI. Knit’s team of expert researchers works closely with customers to capture the nuance and context behind their research approach, ensuring that every study reflects both their specific goals and unique research style. That context is then embedded into the platform, where AI delivers fast, structured, and tailored outputs for use cases such as rapid concept testing or strategic customer segmentation. This human and AI approach transforms research from a bottleneck into a strategic advantage, helping teams run more studies, uncover sharper insights, and make a bigger impact, faster.

“Enterprise research is a massive market that’s ripe for AI disruption,” said Jeff Herbst, Founding Managing Partner at GFT Ventures. “Knit has built technology that truly meets the needs of modern research teams. Their traction with some of the world’s largest and most forward-thinking brands, standout team, and clear vision for where this market is headed position them to lead the new era of enterprise insights.”

The raise follows a year of strong momentum for Knit, marked by 5X year-over-year growth and widespread adoption across Fortune 500 brands. Knit has brought on more than 60 enterprise brands such as Amazon, NASCAR, Overtime, and Mars Wrigley to its platform to make data-driven decisions with real-time, researcher-driven insights. Moreover, investments from prominent VC firms like Sound Ventures, which have invested in OpenAI and Anthropic, have trusted Knit to become a leader in the researcher market for global brands.

“Knit’s growth reflects its ability to redefine how brands understand their customers by combining the rigor of traditional research with the speed of AI,” said Alexandra Burbey, Investor at Sound Ventures. “As AI becomes embedded in every workflow, Knit stands out by keeping human insight at the center.”

The capital will be used to accelerate product development, including new AI-powered features, and expand research use cases based on market needs. Knit will also scale its go-to-market and research teams to support its growing enterprise customer base and expand its international research capabilities.

“We’ve always wanted to scale our research efforts, but doing that without losing control over quality or consistency felt impossible, until we started working with Knit,” said Brooks Deaton, VP, Data & Insights at NASCAR. “Now, we can run more studies, explore more ideas, and support more teams across the org, all without adding headcount. Knit gives us the flexibility to move fast while staying grounded in rigor.”

Looking ahead, Knit is continuing to invest heavily in new AI capabilities. The company is also expanding its in-house research team to ensure every customer is paired with a skilled research partner on every project.

About Knit
Knit is the end-to-end, AI-native platform transforming how enterprises conduct consumer research. Built for speed and substance, Knit enables teams to run agency-quality quantitative and qualitative studies faster and receive report-ready insights in days. The platform’s Researcher-Driven AI model automates time-intensive tasks including analysis, synthesis, and reporting, while preserving the depth, rigor, and context that come from human insight and experience. By combining the power of AI with human expertise, Knit helps teams uncover sharper insights and drive faster, more confident decisions. The company is backed by GFT Ventures, Sound Ventures, Osage, Rise of the Rest, and Silicon Road Ventures. For more information about Knit, visit https://goknit.com.

SOURCE Knit / BAM Communications

The funding reflects strong investor confidence and bolsters the Company’s cash position to pursue strategic opportunities

SÃO PAULO, July 31, 2025 — QI Tech, a leading financial infrastructure fintech (or “the Company”), announced today that it has secured $63 million (approximately R$350 million at the current exchange rate) in a new Series B extension funding led by General Atlantic, a leading global investor. The funding will help QI Tech accelerate the development of new client solutions, strengthen its leadership in Brazil’s digital banking transformation, and support strategic acquisition opportunities.

QI Tech continues to reinforce its appeal to institutional investors through operational strength, mature governance, and a proven ability to execute at scale. General Atlantic previously led QI Tech’s $200 million Series B in 2023, which supported the Company’s acquisition of brokerage firm Singulare and solidified its position as the largest custodian of FIDCs (Investment Funds for Private Credit) in Brazil. The Series B extension also includes participation from Across Capital, marking its fourth consecutive investment in the Company.

“This new investment enhances our ability to accelerate the development of solutions aimed at modernizing Brazil’s financial infrastructure. We remain focused on expanding our portfolio with reliability, compliance, and scalability. The additional capital also positions QI Tech for strategic M&A moves aligned with our long-term vision,” says Pedro Mac Dowell, CEO and founder of QI Tech.

As the company continues to grow, QI Tech is focused on its acquisition strategy, product diversification, and building an all-in-one financial ecosystem. With proprietary technology, seamless API integrations, and comprehensive regulatory licenses, the Company is shaping the future of financial infrastructure.

Acquisition Strategy Drives Growth

In recent years, QI Tech has expanded strategically through the acquisitions of three key companies: Zaig (2021), specialized in anti-fraud and credit engines; Singulare (2023); and Builders Bank (2023), a white label platform for Banking. The Company now processes over 20 million anti-fraud transactions per month, has validated more than 90 million individual registrations, and protects approximately $13 million in potentially fraudulent transactions each month. According to the ranking released by Anbima in July 2025, following the acquisition of Singulare, QI Tech is now the leading FIDC custodian with $17 billion in assets under custody and a total of $25 billion in assets under management across all fund types. QI Tech is leveraging this strategy to gain strength, incorporate new technologies, and expand its range of services for clients.

Product Diversification and Next Steps

As it expands beyond traditional banking services, QI Tech is delivering a full-stack solution that meets all of its clients’ financial needs through a single platform. The Company recently launched its insurance-as-a-service platform, and in just six months, it has issued over $27 million in insurance premiums, surpassing the total volume generated by all insurtechs that participated in SUSEP’s regulatory sandbox. QI Tech is also developing its foreign exchange infrastructure, which will enable fast, secure, and automated international transactions. This innovation aims to eliminate the traditional bureaucracy and delays associated with FX in Brazil, offering clients a fully digital experience, without necessarily depending on the SWIFT network.

Embedded Finance and Strategic Clients

Each client has unique needs, and QI Tech stands out by delivering scalable solutions powered by cutting-edge technology and a team of financial industry experts. As a leading player in Brazil’s “Embedded Finance” space, QI Tech has already developed projects for more than 400 companies, including major brands such as 99, Shopee, and QuintoAndar.

Beyond its robust technology, QI Tech offers clients personalized support throughout the structuring and development of their financial solutions. The Company recently launched QI Fatura, a technological infrastructure that enabled installment payments via Pix, an innovation that preceded the official “Pix Parcelado” product, demonstrating QI Tech’s ability to turn complex ideas into reality and create innovative financial products that deliver real business value.

About QI Tech

Founded in 2018, QI Tech is Brazil’s leading technology infrastructure provider for financial services. The company’s comprehensive API platform enables financial institutions, fintechs, and enterprises to rapidly deploy and scale innovative financial products. QI Tech’s solutions cover the full spectrum of financial services, from core banking and payments to lending, investments, and insurance. The company serves hundreds of clients across Brazil and is expanding throughout Latin America.

SOURCE QI Tech

Stable aims to increase USDT adoption and become the backbone for stablecoin payments

NEW YORK, July 31, 2025 — Stable, the layer 1 blockchain network powered by USDT and designed to achieve seamless financial transactions through stablecoins, today announced the closing of its $28 million seed funding round led by Bitfinex & Hack VC, with participation from Franklin Templeton, Castle Island Ventures, eGirl Capital, Bybit-Mirana, Susquehanna International Group, Nascent, Blue Pool Capital, BTSE and KuCoin Ventures. Notable angel investors and advisors include Paolo Ardoino of Tether, Bryan Johnson of Braintree, Nathan McCauley of Anchorage and Gabriel Abed. Bitfinex is one of the early investors and has played a key role in incubating Stable from the start.

The funding round comes on the heels of Stable’s emergence from stealth, and will be used to build out the network’s infrastructure, grow its employee base, and to increase worldwide USDT distribution. Stable’s unique approach as a “stablechain” is designed for seamless and instant transactions, and enters the market during the peak of stablecoin adoption following the passing of the GENIUS Act in the United States.

“Payments infrastructure around the world needs an overhaul, and traditional methods have failed to achieve fast, reliable, and secure digital payments despite massive demand from consumers across the globe,” said Joshua Harding, Founder and CEO of Stable. “Stable was developed to take advantage of the potential behind stablecoins like USDT to offer instant and seamless payments, directly addressing problems with current payment rails. The support we have received from major investors in both crypto and traditional finance shows that they share our vision, one that we are incredibly excited to work alongside them to make a reality.”

The funding round closely follows the passage of the GENIUS Act, a landmark U.S. crypto legislation that provides regulatory clarity for stablecoin payments and establishes guidelines for banks and financial institutions to fast-track digital payments infrastructure. The “stablechain” is now uniquely positioned in a market that has the formal backing of the U.S. government to implement stablecoin payments, and its direct alignment with USDT, the world’s largest stablecoin, is poised to advance stablecoin adoption amongst institutions and retail users alike.

“It is clear that the US is undergoing a complete 180 in terms of its approach to digital assets and stablecoins, moving from the ‘enforcement by lawsuit’ approach under the previous administration towards providing clear rules of the road for institutions,” said Paolo Ardoino, CEO of Tether and CTO of Bitfinex. “Now, major financial institutions and banks will be able to fully unleash the power behind assets like USDT, something the Stable team fundamentally understands and is exceptionally poised to capitalize on. They are very advanced in terms of their infrastructure and roadmap, making them well positioned to bring USDT into the mainstream.”

Recently, Stable unveiled its roadmap for the remainder of 2025, outlined in three distinct phases: Phase 1, which is currently underway, will see the establishment of USDT as the foundational layer for the network and leverage the asset as its native gas token alongside the implementation of sub-second block time and finality to improve network speed.  Phase 2, set to be rolled out in the coming months, will introduce USDT transfer aggregators and a guaranteed blockspace for enterprises to ensure efficient processing and performance, while Phase 3 promises to bring additional speed upgrades alongside dedicated developer tools and resources to kickstart dApp development.

For more information about Stable, including technical documentation and more details around its 2025 roadmap, please visit: https://stable.xyz/

About Stable

Stable is a Layer 1 blockchain designed for seamless financial transactions, powered by USDT as the native gas token. Its design prioritizes usability, reducing friction for end users by eliminating the need for volatile tokens for transaction fees. Ideal for peer-to-peer payments, remittances, and cross-border transactions, Stable enables virtually instant settlement, enhances capital efficiency, and creates a user-friendly ecosystem for developers and users alike.

Media Contact:
[email protected]

SOURCE Stable

Emergency communications leader posts 477% YoY growth of APEX ARR; new funding to fuel cloud-native AI innovation, global expansion.

NEW YORK, July 31, 2025 — Carbyne, the leading provider of cloud-native emergency communications and response solutions, today announced it has raised $100 million in new financing. This funding round underscores Carbyne’s rapid growth and will enable the company to accelerate development of its AI-driven 911 emergency response platform, expand into new mission critical industries, and continue its international growth while upholding the highest standards of cybersecurity and compliance.

Participants in the financing included AT&T Ventures, Axon Enterprise, Cox Enterprises, Global Medical Response, Hanaco Growth, Hercules Capital, RCM Private Markets Fund managed by Rokos Capital Management (US) LP, and Silicon Valley Bank (SVB), a division of First Citizens Bank. Carbyne consulted with Goldman Sachs throughout the process.

“This significant investment is a strong vote of confidence in Carbyne’s vision and execution,” said Amir Elichai, CEO and Founder of Carbyne. “Over the past year, we’ve demonstrated that our cloud-native approach and AI innovations can truly transform emergency communications – not only for 911 centers but also for broader markets in need of modern incident response solutions.”

Carbyne’s momentum over the past year has been exceptional, highlighted by triple-digit growth across its core platform. Key performance milestones from the last 12 months include:

• +477% year-over-year growth in APEX annual recurring revenue (ARR): Carbyne’s flagship APEX cloud platform – a next-generation 911 call-handling solution – reflecting surging demand from emergency call centers.
• +105% increase in APEX platform customers: The number of public safety agencies utilizing Carbyne’s APEX platform has more than doubled, as 911 centers adopt cloud-native systems to replace aging legacy infrastructure. Continued growth will be supported by Carbyne bringing its technology to new, non-Public Safety Answering Point (PSAP) environments with critical incident response needs.
• Nearly 300 sites worldwide, across 23 U.S. states and six countries with 7,000+ calltakers using Carbyne globally: Carbyne has experienced exponential growth that’s rooted in a commitment to a sustained investment in assistive AI built for mission-critical environments. Unlike bolt-on solutions, Carbyne’s AI is integrated into its all-in-one platform, delivering intelligent, real-time support across call handling, dispatch, resource coordination, and emergency decision-making. Today, hundreds of public safety agencies are already leveraging Carbyne’s AI Suite, and the feedback has been nothing short of phenomenal. Carbyne’s proprietary, high-quality data sets — generated from millions of emergency interactions — give us a unique edge in training highly accurate virtual agents that truly understand the urgency and nuance of mission-critical scenarios. From dramatically reducing response times to alleviating frontline staffing pressures, Carbyne’s AI is not a vision — it’s already delivering tangible outcomes in the field.

“As AI adoption accelerates in public safety, Carbyne is uniquely positioned to lead,” said Alex Dizengof, Co-Founder and CTO of Carbyne. “By building AI into the core of our platform, we’re not just enhancing emergency response — we’re setting the standard for faster, smarter, and more reliable outcomes when every second counts.”

Carbyne is a leader in delivering a cloud-native, mission-critical communications platform for emergency communication centers at scale. While others are still trying to figure out how to migrate off legacy infrastructure, Carbyne is accelerating into the intelligence era — deploying AI-driven solutions that are designed to save lives today.

With this funding, Carbyne will expand its innovation pipeline, scale operations globally, and continue to provide security, privacy, and reliability as a core to its platform. The company’s mission remains clear — to build a safer, smarter world by transforming how public safety agencies and critical infrastructure providers leverage technology.

“Every day, first responders and 911 operators face critical, split-second decisions,” said Axon Senior Vice President of Strategy and Corporate Development Henrik Kuhl. “Carbyne is transforming how emergency calls are managed — delivering real-time, AI-powered intelligence to those on the front lines of public safety. We’re proud to work with Carbyne to help accelerate the global deployment of these life-saving technologies and unlock new opportunities to integrate Axon’s connected devices and real-time operational tools with Carbyne’s emergency data platform — enabling faster, more informed decisions when every moment counts.” 

“Across the country when seconds count, Global Medical Response (GMR) is there to deliver the highest quality emergency care,” said Edward “Ted” Van Horne, Chief Operating Officer, GMR. “Investing in Carbyne and furthering our partnership supports GMR in continuing to improve that care — bringing cloud-native, data-rich technology to the front lines of emergency response for increased safety in the communities we serve.” 

Carbyne will use the new capital to grow its R&D and engineering teams, deepen its AI capabilities, and bolster its go-to-market efforts in North America, Latin America, and EMEA. Carbyne also plans to invest in strategic partnerships and integrations to further enrich the ecosystem of tools available to emergency responders. 

About Carbyne

Carbyne is setting a new standard for how the world responds to emergencies. Our cloud-native platform — built for speed, clarity, and action — uses AI to help emergency responders move faster, see more, and make confident decisions when lives are on the line. Carbyne connects responders with real-time data, live video, multilingual transcription and translation, and intelligent tools that streamline complex workflows and enhance coordination. Deployed across dozens of jurisdictions, integrated with leading public safety systems, and trusted to process over 250 million data points annually with 99.999% call handling uptime, Carbyne delivers resilience at scale. With global reach and an unrelenting focus on impact, we help communities stay safer, better prepared, and more connected — because every second matters, and every person counts. Learn more at Carbyne.com.

Contact:
Kara Erwin
[email protected]
(512) 771-6911

SOURCE Carbyne

On pace for over $100M+ of revenue this year, MyPrize is the fastest growing gaming business, and one of the fastest growing technology companies in the country

MIAMI, July 31, 2025 — MyPrize, the team behind the world’s fastest growing multiplayer online social casino that is operating at a GMV run rate of over $1.2 billion, today announced the closing of its $21 million strategic funding round at a valuation cap of $250 million from existing investors and major family offices. The round includes participation from prior lead investors Dragonfly and Boxcars Ventures. With this round, the company has now raised a total of $38 million in funding to date.

MyPrize has seen unprecedented growth and success in the US-based online social gaming sector. Founded by Zach Bruch in late 2023, and launched in summer 2024, the company is on track to achieve a set of monumental milestones for a technology company, surpassing $100M+ in annual revenue while simultaneously reaching profitability by the end of the year. This feat is nearly unprecedented for a company in its first two years after founding and just one year following product launch.

Just as notably, the company continues to grow at an exponential pace month over month. MyPrize’s position as one of the fastest growing technology companies of all time is being driven by a differentiated model that blends creator-led livestreaming-based entertainment with online games that offer sweepstakes-based prizes on MyPrize.us. With over $500M+ won by players to date, MyPrize is proving that innovation and scalability can go hand-in-hand in one of the fastest-growing consumer categories.

“MyPrize has transformed online entertainment for both players and creators, and the momentum we’re seeing is just the beginning,” says MyPrize Founder & CEO, Zach Bruch, commenting on today’s news, “The growth we are seeing at MyPrize proves that social gaming has fully arrived to the US market and there is massive demand for a more engaging, creator-driven approach to online gaming. The nature of entertainment has fundamentally changed with speculation taking center stage. As users embrace this new frontier, MyPrize is ushering in the golden age of online entertainment, powered by our proprietary AI retention and engagement platform and best-in-class player and creator experience. Our latest fundraise will unlock the next phase of our exponential growth curve and open the MyPrize platform to thousands of new creators, celebrities, and all-new markets globally.”

The strategic funding will be used to accelerate MyPrize’s growth and scale its vertically integrated technology platform to drive better experiences for players and creators alike, powered by MyPrize’s proprietary AI personalization engine. As demand for real-time, socially-driven gaming continues to rise, the new capital will enable MyPrize to expand its reach, onboard more creators, and enhance the core product experience for players. MyPrize is building the first entertainment-native gaming platform, one where creators and communities drive engagement, loyalty, and long-term value.

For more information on MyPrize, please visit: https://myprize.us/.

About MyPrize
MyPrize is the fastest growing free-to-play social casino, redefining how people play, watch, and connect around gaming online. Pioneering multiplayer gaming experiences where users can join forces with creators, streamers, and friends, MyPrize provides a platform that is built for shared moments and massive communities.

MyPrize transcends boundaries and gives players and fans what they have been desperately craving, an all-in-one open platform that combines the best of both online gaming and livestreaming, powered by MyPrize’s proprietary AI personalization engine. MyPrize is building more than just a social casino, they’re building the future of online entertainment. For more information, please visit MyPrize.US or MyPrize.com for international players.

Media Contact
M Group Strategic Communications (on behalf of MyPrize)
[email protected] 

SOURCE MyPrize