Top cyber luminaries bet on Gadi Evron and Sounil Yu’s latest AI security venture following impressive sweep at Black Hat and RSA startup competitions

HERNDON, Va., March 5, 2025 — Knostic, the world’s first provider of need-to-know access controls for Generative AI, today celebrates an $11 million investment to secure enterprise large language models (LLMs). The funding will be used to bolster Knostic’s offering, supporting enterprises in their AI transformation and adding a customizable safety layer to tools such as Microsoft 365 Copilot and Glean. This additional round brings the company’s total funding to date to $14 million.

“The problem is that these tools just can’t keep a secret, lacking the ability to discern what’s appropriate, in what context — think bonuses, sales revenue, mergers and acquisition information and more,” said Gadi Evron, co-founder and CEO of Knostic. “Businesses can’t adopt these tools without Knostic and we’re grateful our investors recognize this.”

This funding round was led by Bright Pixel Capital with follow-on investments from new and previous investors such as Silicon Valley CISO Investments (SVCI), DNX Ventures, Seedcamp, and angel investors Kevin Mahaffey (founder of Lookout), and Gerhard Eschelbeck (former CISO of Google) among others.

“In this era of rapid digital transformation, it’s rare to find a board that isn’t asking about AI, yet attempts to keep LLMs in check have failed time and time again,” said Fernando Martins, Director of Cybersecurity at Bright Pixel Capital. “Enterprises who want to use LLMs for their benefit need Knostic to lock down information – it’s that simple. We’re energized by the major demand Gadi and his team are already seeing, and we’re eager to support them as their customer base expands even further.”

“At SVCI, the CISO members devote considerable time and effort to evaluating specific segments of the cybersecurity market before deciding to partner and invest in a company. While the intersection of AI and security is broad, access control remains one of the most significant risks. As companies accelerate AI adoption at the board level, Knostic’s need-to-know technology plays a crucial role in facilitating this transformation. As a result, we, at SVCI chose to back Knostic,” said Shaun Marion, CISO at Xcel Energy, previously with McDonald’s, and one of the CISO investors in SVCI.

Knostic serves as a safety net for LLM tools, earning recognition at the industry’s top tradeshows. Shortly after its market debut, the company was named as a Launch Pad winner at the 2024 RSA Conference and the 2024 Black Hat Startup Spotlight Competition, the only startup to ever be nominated and win both.

“Unlike traditional access controls, which limit our options to just allowing or denying access, need-to-know policies enable LLM answers that can be reshaped to fit within the user’s own business context,” explained Sounil Yu, co-founder and CTO of Knostic. “Need-to-know boundaries allow enterprises to accelerate their AI adoption without compromising security.”

“LLM oversharing is a huge problem that enterprises really need to pay attention to,” shared Adm. Mike Rogers (Ret.), Knostic advisory board member and former NSA Director. “In a world of heightened awareness around data privacy (and thus negative repercussions for disregarding it), Knostic’s technology is crucial for enterprises looking to avoid reputational, legal and financial harm as AI becomes a strategic imperative.”

To learn more about how Knostic is transforming the way businesses use AI, please visit: https://www.knostic.ai/.

About Knostic
Knostic was founded in 2023 by veteran cybersecurity experts and innovators Gadi Evron (serial entrepreneur, previously from Citibank and PwC) and Sounil Yu (former Chief Security Scientist at Bank of America), with the goal of ensuring the safe adoption of AI at enterprises at scale. Knostic is the world’s first provider of need-to-know based access controls for Large Language Models (LLMs). With knowledge-centric capabilities, Knostic enables organizations to accelerate the adoption of LLMs and drive AI-powered innovation without compromising value, security, or safety. For more details, visit https://www.knostic.ai/

About Bright Pixel Capital
Bright Pixel Capital is the technology investment arm of the multinational group Sonae. With special focus on cybersecurity, infrastructure software, retail technologies, business applications and emerging tech, it has a portfolio of more than 60 companies, from early to growth stages. Bright Pixel Capital acts as a partner that brings specialized know-how, global footprint, and a wealth of experience in helping companies from early stage to IPO. Find out more at brpx.com.

SOURCE Knostic

CLEVELAND, Ohio, March 4, 2025 — JumpStart Ventures has achieved the successful first close of NEXT Fund III, raising nearly $25 million toward its $50 million target. NEXT Fund III is supported by the State Small Business Credit Initiative (SSBCI) Ohio, institutional and private investors and reinforces JumpStart Ventures’ commitment to providing tech founders with the capital they need to scale their startups.

NEXT Fund III will invest in Seed and Series A startups and build upon JumpStart Ventures’ two decades of experience supporting high-growth startups with risk capital while generating top returns for their investment partners.

NEXT Fund III is JumpStart Ventures’ third fund under its NEXT model and its eighth venture capital fund overall. With this first close, JumpStart Ventures is positioned to continue its momentum of funding high-growth startups.

“This close represents a significant step forward in supporting our region’s most ambitious founders,” said Hardik Desai, Managing Partner of JumpStart Ventures. “With the backing of our committed partners, we are focused on providing the capital and resources needed to help founders scale their businesses and bring groundbreaking technologies to market.”

JumpStart Ventures’ portfolio has brought much excitement to the region’s venture capital ecosystem in recent years, as demonstrated by the growth of several venture-backed startups like Abre, Centerline Biomedical, OnStation, Cleveland Diagnostics, Orthobrain, Axuall and Onshift. 30+ portfolio companies like CoverMyMeds, Able Software, Wireless Environment, CardioInsight, and Vizzle have been acquired generating significant returns for the investors.

JumpStart Ventures manages four unique investment funds to drive startup growth, pairing stage-appropriate capital with deep connections and partnerships. As one of Ohio’s most active early-stage investors, the organization’s investment activities have generated top quartile investment returns via nationally recognized exits and fundraises. NEXT Fund III will continue these efforts by investing in approximately 15 startups in the coming years.

About JumpStart Ventures
JumpStart Ventures is a venture capital firm investing in Seed and Series A-stage technology startups throughout Ohio and beyond.  With more than $200 million under management, the organization provides a continuum of capital to startup founders as they move through critical growth phases. To learn more, visit JumpStart.VC.

SOURCE JumpStart Ventures

NEW YORK, March 4, 2025 — Whisper, a state-of-the-art AI-driven sales and behavioral cloning technology for content creators, has raised $1 million in a recent funding round led by investors, including AngelList Early Stage Quant Fund and a consortium of high-net-worth content creators. Content creators make up the largest shareholder group, reinforcing Whisper’s mission to develop AI-powered sales tools designed specifically to serve their needs.

“We’ve built state-of-the-art AI sales tools for a large, underserved market, and we’re scaling our operations to meet the growing demand,” said Jesse Silver, co-founder of Whisper. “This funding allows us to refine our behavioral cloning models and expand our AI capabilities to better support creators in monetizing their content efficiently.”

At the core of Whisper’s technology is an AI-powered autonomous agent capable of analyzing a creator’s engagement style, tone, and decision-making logic. It then mimics these behaviors, allowing creators to delegate interactions, price content dynamically, and distribute media without manual oversight. Whisper’s AI isn’t about replacing human connection—it’s about making it scalable and giving creators the tools to engage authentically while growing their business.

Whisper has been operating in beta for the past 13 months, working closely with creators to refine its AI models. During this period, creators have, on average, increased their revenue by 200%, demonstrating the effectiveness of Whisper’s AI-driven sales tools in optimizing engagement and monetization. To date, the company has worked with over 300 creator accounts and interacts with more than 100,000 users daily.

About Whisper

Founded two years ago in New York, Whisper spent its early years working side by side with creators, developing prototypes and understanding the level of personalization required to make a tool that is truly helpful with their sales processes. Whisper leverages advanced behavioral cloning to replicate a creator’s unique voice, personality, and decision-making patterns. This allows creators to maintain authentic engagement with their audiences—at scale—without being physically present for every interaction. For more information about Whisper, visit www.whisper.fans.

SOURCE Whisper

Led by Prudence, the round will accelerate Uniti AI’s expansion, helping real estate operators automate lead engagement and improve conversion rates with AI-driven sales agents.     

NEW YORK, March 4, 2025 — Uniti AI, the leading AI agent platform for commercial real estate operators, today announced a $4 million seed round led by Prudence, with participation from Alate Partners, Flex Capital, Observer Capital, and RE Angels.

The funding will fuel the expansion of Uniti AI’s sales agents, helping real estate operators streamline sales and leasing by automating lead engagement across email, texting/SMS, website chat, and voice.

Uniti AI’s LLM-native platform enables real estate operators across office/coworking, self-storage, multifamily, and brokerage to deploy highly customizable AI agents, tailored to their unique workflows and customer interactions.

“The future operating model for real estate isn’t just human-driven or AI-driven—it’s both,” said Francesco Decamilli, Co-Founder & CEO of Uniti AI. “Uniti AI is building the agentic platform that enables real estate operators to create and deploy AI agents tailored to their workflows. We started with leasing and sales, where response speed and qualification directly impact revenue, and we’re rapidly expanding into broader operational use cases.”

Clients across 10+ countries in the US, Europe, and Asia rely on Uniti AI’s highly configurable, multilingual agents to qualify leads, schedule appointments, and drive conversions. Through instant, persistent, and conversational engagement, Uniti AI has doubled lead-to-customer conversion rates.

“We are in the early innings of enterprise agentic adoption,” said Gavin Myers, Founder and Managing Partner of Prudence. “Uniti AI has already proven the immense appetite to automate previously manual workflows across major real estate companies. Francesco and Emre are the kind of founders we look for at Prudence, and we could not be more excited to be a part of delivering AI automation across this vast industry sector.”    

“In real estate, a quick response with accurate details is critical. Uniti AI ensures every lead is engaged immediately, allowing our team to focus on closing deals instead of chasing inquiries. Lili, our AI leasing agent, has become an indispensable part of our leasing strategy,” said Jason Fein, Partner at ABS Partners Real Estate, LLC.

With this investment, Uniti AI will accelerate its expansion by launching AI-powered voice agents, deepening integrations with property management systems, and introducing new automation for collections, tenant support, and broader real estate workflows.

Uniti AI

Uniti AI is the leading AI agent platform built for the global commercial real estate industry. Headquartered in New York City, Uniti empowers real estate operators across asset classes with customizable, AI-driven sales and leasing agents. Founded by experts in real estate and technology, Uniti is building the AI workforce of the future, enabling operators to scale faster, convert more leads, and streamline operations.

To learn more, visit www.getuniti.com or follow us on LinkedIn.

Media Contact:

[email protected]

SOURCE Uniti AI

CARDIFF, Calif., March 4, 2025 — Care Solace, the leading provider of mental health care coordination services for K-12 schools and municipalities, announced today a significant strategic growth investment from Lemnis, a philanthropic venture investing in solutions that expand learning for all.

Since its 2018 commercial launch, more than 21M individuals have had access to Care Solace technology and services. 50% of all individuals served by Care Solace use public insurance, or have no insurance, and often live in underserved communities where they are faced with systemic obstacles to access and care. Care Solace has delivered more than 18M support services connecting individuals to mental health care providers and community social services. Across the country, 937 school districts and communities have launched Care Solace to coordinate care, amplify existing resources, and navigate challenging provider and insurance networks for all acuities of care. In addition to care coordination, Care Solace also serves a vital role in assisting its partners with school-based referrals, collaboration, billing, and reimbursement processing. The Care Solace EHR technology platform simplifies and facilitates billing submissions while it supports revenue cycle management and expedited claims reimbursements.

By combining Care Solace’s experience and services with Lemnis’ commitment to the future of the unlimited learner, Care Solace is positioned to deliver an expanded suite of services that continue to yield sustainable social impact.

“Care Solace is grateful and excited by this new partnership with Lemnis. Together we can transform communities, streamline access to care, refine provider networks, and build resilience in school districts and municipalities,” shared Chad Castruita, CEO of Care Solace. “This is a perfect time to lean into market gaps, and this strategic investment will fuel that effort significantly. We couldn’t ask for a better partner to build this next chapter of Care Solace.”

“Addressing fundamental human needs, such as providing mental health supports, is essential for creating effective learner-centered environments. By investing in quality solutions, like the services and supports provided by Care Solace, we can significantly enhance the sense of community and the overall success of our learners,” said Melissa Johnston, CEO of Lemnis. “This partnership will ensure that every learner receives the necessary support at the right time, fostering a strong sense of belonging within their communities. When we prioritize the needs of learners, we observe higher engagement, increased motivation, and improved physical and emotional well-being.”

DC Advisory served as exclusive financial advisor to Care Solace. Procopio, Cory, Hargreaves & Savitch LLP served as legal counsel for Care Solace, and Davis Wright Tremaine LLP served as legal counsel for Lemnis.

About Care Solace

Care Solace is revolutionizing mental health care access, bridging the gap to social agencies and community-based mental health providers. Through a human-centered and technology supported approach, Care Solace navigates the fragmented mental health care system to match individuals with care. Dedicated multilingual Care Companions are available 24/7/365 to ensure the perfect fit for each person’s unique care needs and insurance requirements. The organization has a network of 600K+ licensed providers, serving 937 organizations across the United States.

For more information, visit www.caresolace.org.

For press inquiries, contact [email protected].

About Lemnis

Lemnis is a philanthropic venture investing in solutions that expand learning for all. At Lemnis, they champion a bold vision: to empower learners in an era of constant change, where the boundaries of possibility are limitless. Their name, inspired by the lemniscate, (∞), embodies this notion of boundless potential. Just as the lemniscate symbolizes infinity, they believe in limitless possibilities and are relentless in its optimism for future learners, workers, and citizens. Lemnis works alongside changemakers in neuroscience, social science, digital technology, and artificial intelligence. Through partnership, they create new environments where every learner feels a deep sense of belonging and community.

For more information, visit www.lemnis.org.

SOURCE Care Solace

The launch of 100x marks a turning point for rental fraud prevention, as 100 secures key investment and experiences record adoption.

NEW YORK, March 4, 2025 — 100, the first-of-its-kind multifamily fraud prevention software platform, today announced the launch of 100x, an unprecedented initiative uniting identity and fintech thought leaders, influential multifamily operators, and numerous National Multifamily Housing Council (NMHC) Top 50 Companies.

100x is bringing together the brightest minds inside and outside the real estate and identity industries. It is ushering in a new framework to qualify potential renters, increasing security, trust, and efficiency in the rental process overall. Further, 100x was created with a goal to educate major real estate players on the current fraud crisis in the industry, and how to stymie it. Multifamily operators representing more than 1 million units are already part of 100x, such as Pauline Houchins and Jenn Kloet from Asset Living, Ariel Hanson and Jill Hinton from GoldOller Real Estate Investments, and Allison Crawford from Knightvest Residential, signaling the industry’s commitment to mitigating rental fraud and driving a smarter and safer experience for both renters and operators.

Additionally, with multifamily operators rapidly embracing both 100x and 100’s fraud prevention platform, the company’s growing impact has also drawn the attention of leading investors. PropTech venture capital firm Camber Creek has joined as a strategic investor, bringing 100’s funding to $7.7M and signaling strong confidence in the company’s vision.  

“Camber Creek’s support signals a pivotal moment for the multifamily industry,” said Caren Maio, Co-Founder and CEO of 100. “Their belief in our mission, combined with the launch of 100x, underscores the magnitude of what we’re building. This isn’t just about a product — it’s a movement to create a universally trusted rental process.”

Within 90 days of the company’s launch, 100 signed on over 100,000 units from a wide range of NMHC Top 50s and prominent operators in the multifamily space. Accordingly, 100 has set the stage for industry-wide transformation, putting it in a position to spearhead the 100x alliance.

“The technology behind 100 is the future of multifamily fraud prevention,” said Jeffrey Berman, General Partner at Camber Creek. “100 is breaking barriers and paving the way for a smarter, safer, and fairer rental process. We are thrilled to be a part of their journey and backing a team uniquely equipped to bring this solution to market.”

For multifamily operators who want to join 100x and reshape the future of renting, visit get100.com.

About 100
100 is a real estate technology platform revolutionizing the rental application and screening process for the multifamily real estate industry. Leveraging cutting-edge identity verification and fraud prevention technology, 100 is creating a new standard in the rental process that eliminates fraud, friction, and bias. Built and backed by some of the industry’s most successful operators, 100 flips the rental game on its head, making screening faster, easier, and more accurate than ever. For more information, visit get100.com.

About Camber Creek
Founded in 2011, Camber Creek is a global financial platform focused on driving innovation in the real estate industry. The firm invests in and scales compelling technology companies that are transforming the real estate industry. Over the past 14 years, Camber Creek established its venture arm as the premier real estate technology investor by consistently delivering industry-leading returns, driving value for its portfolio of startups, and generating successful company exits. Select investments include industry-leading companies Flex, Bilt Rewards, Proof, Curbio, VTS, HappyCo, and more. Today, Camber Creek has nearly $1 billion in assets under management with offices in Washington, D.C., New York, and Palm Beach. For more information, visit www.cambercreek.com.

SOURCE 100

Tiger Global leads $75 million funding into Mews to fuel growth in the United States

NEW YORK, March 4, 2025 — Mews, the leading hospitality technology platform, today announced it has raised $75 million, led by Tiger Global, a leading global investment firm, alongside existing investors Kinnevik, Battery Ventures and Growth Equity at Goldman Sachs Alternatives.

This funding strengthens Mews’ leadership in hospitality, fueling its expansion in the U.S. and DACH, accelerating platform innovation with AI-powered revenue management capabilities, and driving strategic acquisitions.

Mews experienced remarkable global growth during 2024. The company grew at over 50% year-on-year, processed over $10 billion in payments volume, and generated over $200 million in revenue. Mews signed marquee customers, including BWH Hotels, completed the acquisition of Atomize, and reached an impressive 20% market penetration in the DACH region.

The latest funding marks a pivotal moment in Mews’ expansion strategy, with a focus on accelerating its growth in the U.S. – one of the most dynamic hospitality markets. Mews continues to capture market share and expand its footprint across North America, and recent milestones include:

• 2x revenue in North America year-on-year
• 2x the number of hospitality brands using Mews and welcoming forward-thinking brands including Lark Hotels, BWH Hotels and Weekender
• More than doubled the number of rooms and spaces managed via Mews, fast outpacing some of the most established PMS players in the U.S.

Additionally, the investment will accelerate Mews’ R&D efforts, fuelling innovation that addresses the evolving needs of the modern hospitality landscape. By continuously investing in technology, Mews is shaping the future of hospitality management, offering unparalleled scalability, automation, and operational intelligence for some of the biggest hospitality brands in the world.

“Tiger Global is a compelling partner for the next chapter of our journey,” said Richard Valtr, Founder of Mews. “Their experience with high-growth technology companies and category winners in the U.S., including Toast, Procore and ServiceTitan, is invaluable as we continue to expand our footprint, accelerate innovation, and pursue strategic acquisitions. This investment reaffirms our dedication to the U.S. market, where we have established strong leadership and have invested over $50 million to expand our business in the last couple of years. We will continue to invest substantially in the market, reinforcing our long-term strategy of global growth and leadership.”

Matt Welle, CEO of Mews, added: “Our vision has always been to redefine hospitality with spaces that put people at the heart, and this investment propels us even closer to achieving that goal. There are so many opportunities for AI to enhance both the guest journey and operational efficiencies in an industry that is so data rich. With Tiger Global’s backing, we’re excited to build on the wave of innovation at the intersection of hospitality and AI, with Mews at the center of it.”

Sara Eadie, Tiger Global, commented: “Mews is redefining what it means to deliver exceptional guest experiences in the hospitality sector and beyond. Our partnership with the Mews team marks an exciting step as they continue to expand in North America and strengthen their global market leadership.”

For media inquiries, please contact Katie Halfhead: [email protected]

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LOS ANGELES, March 4, 2025 — Nervonik, Inc. (Nervonik), a medical device company developing an opioid-free peripheral nerve stimulation (PNS) system, has successfully closed a $13 million Series A funding round. The round was led by U.S. Venture Partners (USVP), with participation from Foothill Ventures, Correlation Ventures, and other investors. This funding follows Nervonik’s earlier $4.4 million in SAFE and convertible note financings from Shangbay Capital, Camford Capital, Joyance Partners, Life Science Angels, Seraph Group, and other investors.

The proceeds from this financing will be used to advance Nervonik’s clinical studies, accelerate regulatory clearance, and prepare for commercialization efforts aimed at transforming chronic pain treatment.

Nervonik recently completed its first-in-human clinical study, demonstrating the potential of its PNS technology to transform chronic pain treatment. Nervonik’s proprietary wirelessly powered PNS technology delivers minimally invasive, patient-friendly therapy for personalized pain relief.

“We are excited to receive this strong support from top institutional investors as we push forward in advancing peripheral nerve stimulation technology,” said Aydin Babakhani, PhD, founder and CEO of Nervonik. “This financing advances our mission to bring a novel solution to millions of people suffering from chronic pain.”

With chronic pain affecting over 50 million people in the U.S. alone, Nervonik’s opioid-free PNS technology will offer a compelling alternative to traditional pain management methods, targeting a multibillion-dollar market opportunity.

About Nervonik
Nervonik is a medical device company developing cutting-edge peripheral nerve stimulation (PNS) solutions to treat chronic pain. Leveraging advanced, proprietary, wireless power, and closed-loop sensing technologies, Nervonik is committed to providing minimally invasive, effective, and patient-centric treatment options. Nervonik is focused on advancing clinical research and achieving regulatory milestones to bring its innovative therapies to market. For more information, visit www.nervonik.com.

About U.S. Venture Partners (USVP)
U.S. Venture Partners (USVP) is a leading Silicon Valley venture capital firm, partnering with entrepreneurs to transform their ideas into world-changing companies. USVP has invested in over 500 companies spanning four decades, including: Box, Cato Networks, Edgewise, Epsagon, Happy Returns, HotelTonight, Human Interest, Imperva, Inari Medical, Inspire Medical Systems, Intersect ENT, Kenna, Medigate, MeetMe, Omada Health, Pluto TV, Primary, Smartling, Supplyframe, Standard Bariatrics, ThreatMetrix, Trunk Club, Trusteer and Yammer. USVP focuses on early-stage start-ups that transform cybersecurity, enterprise software, consumer and healthcare. The USVP team consists of former entrepreneurs, technologists, corporate executives, and financial professionals who assist with strategy, scaling, team building, product development, and business development. USVP is based in Menlo Park, California.. For more information, visit www.usvp.com.

SOURCE Nervonik Inc.

Investment supports the commercialization of perovskite solar panels, poised to reshape the renewable energy landscape

SAN JOSE, Calif., March 4, 2025 — Tandem PV, a pioneer in American perovskite solar technology, today announced it has secured $50 million in Series A funding and debt, led by Eclipse, with participation from Constellation Energy, Planetary Technologies, Uncorrelated Ventures, Trellis Climate, Tom Werner (former CEO of SunPower), Stifel Bank, CSC Leasing, and other existing and new investors. This investment will enable Tandem PV to construct a breakthrough commercial-scale manufacturing facility in the U.S., accelerating the adoption of its high-efficiency solar panels and allowing the U.S. to reduce its dependency on foreign manufacturers while increasing its energy security.

Tandem PV’s groundbreaking tandem perovskite panels deliver an industry-leading combination of durability and efficiency that is unrivaled by other market offerings. Its panels currently achieve 28% efficiency and are projected to surpass 30% by late 2025, proving to be 30% more powerful than the average silicon solar panel. Tandem PV’s panels lower labor and land costs, offering customers a lower total cost of ownership and a sustainable path toward decarbonization.

Industry reports project perovskite solar modules will achieve gigawatt-scale production by 2028, positioning Tandem PV at the forefront of this technological shift. With a perovskite layer 200 times thinner than silicon and requiring just 10% of the energy needed to produce conventional panels, Tandem PV’s technology sets a new benchmark in sustainable solar manufacturing by significantly reducing energy usage during production and seamlessly integrating into existing silicon infrastructure.

“Tandem PV’s performance and progress are incredibly exciting, particularly given there have been minimal breakthroughs in solar technology for the past decade,” said Eclipse Partner Greg Reichow. “Tandem PV’s impressive durability and efficiency is unmatched in the market, and it couldn’t come at a more critical time. By building a manufacturing facility in the U.S., Tandem PV will help the U.S. meet its growing energy needs while weaning off its dependence from China and other foreign manufacturers.”

This Series A funding milestone underscores growing confidence in Tandem PV’s technology and its potential to strengthen domestic clean energy production at a time when the majority of solar technology is imported from China. Tandem PV’s efforts aim to re-establish U.S. leadership in solar innovation, foster energy independence and job creation, and reduce reliance on foreign supply chains. As energy security and economic resilience become increasingly critical, Tandem PV’s technology contributes to a balanced energy future, making it a practical solution for today’s evolving energy landscape.

“This investment is a resounding endorsement of our mission to revolutionize solar energy and re-establish the U.S. as a leader in renewable technology,” said Scott Wharton, CEO of Tandem PV. “With Eclipse’s backing, we are no longer just developing breakthrough technology—we are bringing it to market at scale. As global demand for clean energy surges, Tandem PV is stepping up to meet it—delivering next-generation solar power that is more powerful, more sustainable, and made in America.”

For more information, visit https://www.tandempv.com/.

About Tandem PV
Tandem PV is driving the transition to a net-zero economy by developing state-of-the-art perovskite-based solar panels, which combine the durability and efficiency needed for broad scale deployment. The company will produce its solar panels domestically, to help the U.S. re-establish its energy industrial leadership and reduce dependency on foreign manufacturers. Its co-founder and CTO, Colin Bailie, developed the world’s first perovskite-silicon tandem solar cell at Stanford University and launched the company through Activate, the U.S. Dept. of Energy startup accelerator. Tandem PV has raised a total of $83 million in venture capital, debt, and government funds from Eclipse, Constellation Energy, the Department of Energy and more. For more information, visit https://www.tandempv.com/.

About Eclipse
With ~$5 billion in assets under management and a team of investors with deep operating expertise in technology, manufacturing, supply chain, logistics, healthcare, and consumer products, Eclipse is a leading U.S. venture capital firm. Its leadership team has the experience necessary to create and scale complex operations. Eclipse partners with exceptional companies that make physical industries more efficient, resilient, and profitable. For more information, visit www.eclipse.vc.

Media Contact: [email protected]

SOURCE Tandem PV