Existing investors double down as 22nd State Banking Company joins the round, validating Linker’s role as The Growth Engine for Community Banks and helping community banks grow deposits, streamline onboarding and launch modern retail and business banking experiences.

PASADENA, Calif., July 14, 2026 — Linker Finance, a modular platform purpose-built for community banks, today announced it has secured an additional $5 million in Seed funding, bringing its total Seed funding to $8.7 million following its previously announced $3.7 million round. The financing will accelerate Linker Finance’s next stage of growth and includes continued participation from existing investors, including Chingona Ventures, Ten One Ten Ventures,  Audaz Capital and Angeles Investors, alongside new strategic investment from 22nd State Banking Company.

The investment reflects Linker Finance’s continued growth, with the company now Live with more than 10 customers across multiple cores, including Fiserv Premier, CSI, FIS and soon DCI. Linker’s turnkey and best-of-breed approach has enabled community banks to launch faster, expand capabilities and go live with customers in as little as eight weeks, transforming implementations that once took years into a faster, more scalable path to market. The momentum also reflects growing demand from community banks for modern digital infrastructure that helps them compete, grow and serve customers without requiring a core conversion. Linker Finance is the growth engine for community banks, providing a unified platform that helps institutions grow deposits, launch digital account opening and digital banking experiences, streamline business onboarding, expand business banking capabilities and deliver fully branded mobile and online experiences for retail and commercial customers.

“Community banks’ growth has historically been limited by fragmentation, legacy infrastructure and access to specialized digital growth know-how, resulting in subpar customer experiences, complex operations and multi-year timelines,” said Jorge Garcia, CEO and Co-Founder of Linker Finance. “Over the last two years, we have proven that with the right product, technology and playbooks, community banks can consistently and predictably grow their balance sheet using Linker. This round gives us additional fuel to keep building the growth engine community banks need. We are grateful for the continued support of our existing investors and especially excited to welcome 22nd State Banking Company as a strategic bank investor. Their participation validates the value we are bringing to the community banking ecosystem.”

“Community banks carry an outsized share of the country’s most important lending, built through real relationships. Linker Finance gives them technology that matches that trust. Jorge and his team have continued to impress us with their execution since we originally invested. In addition, having a bank like 22nd State Banking Company join this round is the clearest validation there is. The people closest to the problem are betting on the solution” said Samara Mejia Hernandez, Founding Partner at Chingona Ventures.

The new funding will support Linker Finance’s continued product development across retail banking, business onboarding and business banking, while accelerating investment in its proprietary Agentic AI Customer Intelligence layer and expanding its multi-rail payments infrastructure, including cross-border and stablecoin-enabled capabilities.

Linker Finance is also introducing Grandir, an emerging Agentic AI layer built for the workflows and guardrails that community banks require. Grandir is designed to help banks better understand customer needs, identify growth opportunities, reduce manual work, and support relationship-driven banking at scale. The company is currently piloting Grandir with existing customers and expects to share more details in the coming months.

“Delivering modern digital experiences while preserving trust and relationship-driven service is one of the biggest challenges we face as community bankers,” said Steve Smith, Vice Chairman, President and CEO of 22nd State Banking Company. “Always.bank, a division of 22^nd State Banking Company, was built on the belief that customers should not have to choose between digital access and real human support. Linker Finance gives community banks the growth engine they need to compete at scale, expand beyond geography, and deliver modern relationship banking without losing what makes them trusted.” 

Since announcing its initial seed round, Linker Finance has expanded its product footprint and strategic partnerships across the community banking ecosystem. The company is focused on powering the 20x relationship-based community bank by bringing fintech-grade capabilities to community institutions without the cost, complexity or vendor fragmentation that has historically made those tools difficult to access. Linker’s platform supports deposit account opening, commercial onboarding, treasury and payments functionality, Customer Intelligence tools for bankers and back-office teams, and white-label digital banking experiences, while integrating with leading core providers and a broad ecosystem of third-party services for automated KYC/KYB, fraud detection, payments, analytics, and customer engagement.

“This is not just about adding digital tools,” Garcia added. “It is about giving community banks the infrastructure to grow deposits, deepen customer relationships, and launch new products with speed and confidence. Our mission is to help community banks compete in a digital-first world while preserving the trust and relationship-driven service that makes them essential. Our vision is powering the 20x Relationship-based Community Bank using the right combination of Technology, Playbooks, and Human touch.”

About Linker Finance

Linker Finance is the Growth Engine for Community Banks, a modular platform that helps community banks grow deposits, deepen relationships, streamline onboarding, and deliver modern retail and business banking experiences. The Unified Platform includes deposit account opening, business onboarding workflows, Agentic AI, CRM tools, payments and treasury capabilities, fraud and identity integrations, and white-label mobile and online customer experiences. For more information, visit https://www.linkerfinance.com.

Media Contact
Linker Finance
[email protected]

SOURCE Linker Finance

AI Wealth Platform Now Enables Top Venture and Y Combinator-Backed Startups to Maximize After-Tax Returns For Their Founders, Shareholders and Investors

SAN FRANCISCO, July 14, 2026 — Goodfin, the agentic wealth platform expanding access to private market investing, today announced the launch of the Goodfin QSBS Venture Fund, designed to help accredited investors access high-growth startups while optimizing for Qualified Small Business Stock (QSBS) tax benefits. The fund provides exposure to top venture and Y Combinator-backed companies that have been vetted for IRC Section 1202 / QSBS eligibility, potentially enabling investors to realize significant federal capital gains tax savings, including up to 0% federal tax on qualifying gains. State tax benefits may also apply depending on state of residence.

QSBS is one of the most powerful tax benefits available to startup founders, early employees, and investors. Every company in the fund is analyzed and vetted for Section 1202 eligibility by CapGains Inc., a tax optimization platform, before investing and during the fund’s holding period, covering the applicable corporate and security level QSBS requirements. Eligibility is documented at the time of investment, not retrofitted after the fact. 

“QSBS is one of the most under-used advantages in venture investing, but also one of the most complex to get right,” said Anna Joo Fee, Founder & CEO, Goodfin. “Goodfin built this fund to remove that friction.”

Every company is rigorously vetted for Section 1202 eligibility before investors come in. This allows them to access investments in high-quality venture and Y Combinator-backed startups with confidence that the tax treatment at exit has been targeted from the start of the investment and monitored throughout.

The fund is also well positioned for rollover-eligible investors looking to reinvest QSBS gains under Section 1045, putting their proceeds back to work in the next generation of startups, squarely in line with the legislative intent of keeping the US startup ecosystem thriving.

Highlights of the Goodfin QSBS Venture Fund include: 

• Access to top VC & YC-backed startups – a curated portfolio of the most promising early-stage startups, typically at Seed through Series C, backed by tier-one venture investors and Y Combinator. Companies are selected for both investment merit and QSBS qualification, so investors are not trading returns for tax efficiency.
• Certified & monitored eligibility – every company is evaluated and verified for Section 1202 eligibility before investment and monitored throughout the hold. 
• Exclusion of up to $15M+ in gains per investment or 10X the cost basis- QSBS lets eligible startup equity holders and investors exclude up to $15M (or more) in capital gains from federal taxes. Investors may invest directly through the Goodfin QSBS Fund or roll over existing gains from a prior investment, with built-in tax optimization from day one. 
• Benefits for participating startups – investors increasingly seek QSBS-eligible companies. Getting certified also makes a startup more attractive to sophisticated capital and talent and may be required for fundraising. 

Goodfin unlocks high-quality private market investing and accelerates wealth for a new generation of investors. The platform leverages agentic AI to deliver personalized portfolios, intelligent analysis, and institutional-grade guidance to a community of sophisticated investors who invest at the cutting edge of innovation shaping the future.

For more information about Goodfin visit www.goodfin.com.   

About Goodfin
Founded in 2022, Goodfin is the world’s first agentic private wealth platform, using purpose-built AI to unlock access to private market investing for a new generation of investors. Backed by Y Combinator, Goodfin combines hyper-personalized portfolio construction, intelligent market analysis, and institutional-grade guidance to help investors identify and access the right private market opportunities with greater confidence. By making sophisticated wealth management more accessible, Goodfin is redefining how individuals discover, evaluate, and invest in the companies shaping the future.

Media Contact: 
Tracy Rubin 
JCUTLER media group 
[email protected]

SOURCE Goodfin

Investors include: Founders Fund, Khosla Ventures, Tru Arrow Partners, Alumni Ventures, Marcus Brauchli (former Executive Editor, The Washington Post & Managing Editor, The Wall Street Journal) and Alex Mather & Adam Hansmann (Founders of The Athletic), Richard Sarnoff (Chairman of Media, Education and Entertainment at KKR).

The Policy Economy Has Been Flying Blind
The systems used to understand policy remain fragmented and slow. State Affairs is building the real-time intelligence infrastructure to change that.

“Policy and regulatory markets are often more impactful to organizations than financial markets, yet everybody from voters to companies are often the last to know what’s happening,” said Evan Burns, co-founder and CEO of State Affairs. “State Affairs helps organizations proactively understand and engage with policy markets at scale across the U.S.”

State legislative volume has surged. In 2025, state legislatures introduced more than 135,500 bills — up roughly 55% from 87,500 in 2024. It would take one person, reading nonstop, 8 hours a day, six years to read every bill introduced in statehouses last year.

AI-Driven Intelligence Built on Original Reporting and Government Data
Most AI systems are limited by the information already available to them. In policy, that creates a major gap. State government is where many of the country’s most consequential decisions are being made, but state capitols remain undercovered, fragmented and difficult to track in real time.

State Affairs’ newsroom produces more than 2,000 originally reported, nonpartisan articles each month, while its data teams gather and structure policy information from statehouses and agencies across the country. The platform turns that reporting, public government data and customer-specific context into real-time analysis, alerts, collaboration and action.

State Affairs has built an AI intelligence layer powered by the combination of:

• Exclusive daily reporting from journalists embedded in state capitols
• On-the-ground legislative and regulatory data gathering
• Structured government data across all 50 states and the federal government

“We need more nonpartisan journalism to build a better democracy and future,” said Jamie Roberts Seltzer, co-founder of State Affairs. “Because nearly all state capitols are underreported on, the exclusive reporting and original data gathering that powers our platform not only provides more comprehensive information, it also mandates that we further invest into objective journalism to widen the moat of the intelligence you get on State Affairs versus anywhere else. We intend to hire many more full-time reporters over the next few years.”

Built for the Institutions Shaping Policy
State Affairs is already in active use by one-third of state and federal elected officials, as well as major enterprises including Walmart, Mastercard and McDonald’s.

Lawmakers, legislative staff, agencies and enterprise teams use the platform to:

• Understand legislation, regulation, hearings and political developments in real time across all 50 states and the federal government
• Analyze and compare bills and policy trends across states
• Collaborate internally and externally around the policy developments that matter most to their organizations
• Coordinate outreach and advocacy efforts

Founded at the Intersection of Media, Technology and Policy
State Affairs was founded by Evan Burns (co-founder and former CEO of the Finnish Long Drink (acquired)) and Jamie Roberts Seltzer (co-founder and General Partner at LightShed Ventures). Veteran journalist Alison Bethel serves as Founding Editor-in-Chief and Chief Content Officer.

About State Affairs
State Affairs is the AI-powered intelligence platform built for the institutions navigating the modern policy economy. Operating at the intersection of technology, nonpartisan journalism, and government, State Affairs deploys one of the nation’s largest networks of embedded statehouse reporters to build a proprietary, human-driven data moat. This exclusive daily reporting feeds an advanced AI knowledge graph that tracks every bill, regulation, and hearing across all 50 states and the federal government. With $70 million in funding, State Affairs provides the personalized, real-time intelligence that elected officials and major global enterprises rely on to seamlessly track relevant legislation, collaborate, and act on policy.

SOURCE State Affairs

• Funding supports commercialization and sales growth expansion, targeting hundreds of new farms in the next 12 months
• Autonomy technology is designed to lower capital expenditures and unlock the ability to scale operations more efficiently
• Sabanto’s physical AI makes swarm operations possible so that growers can replace horsepower with time

AMES, Iowa, July 14, 2026 — Sabanto, a leader in autonomous retrofit technology for agriculture, today announced an oversubscribed Series B funding led by Leaps by Bayer with participation by Sustainable Forward Capital, InnoVenture Iowa, Fulcrum Global Capital, DCVC, and Yara. The round will accelerate broad adoption of autonomous technology, expand customer base, and further develop autonomy retrofit kits across North America and beyond.

Sabanto’s ambition for scale comes at a critical time for agriculture, as growers face historic tighter margins via rising equipment and input costs, labor shortages, and increasing pressure to maximize productivity. While well-known equipment manufacturers or OEMs are focusing on bigger and more expensive machines, Sabanto’s retrofit autonomy platform offers farmers a lower-capital pathway to profitability by utilizing existing, less-expensive, and smaller horsepower equipment.

By enabling tractors to operate autonomously during planting and other field operations, Sabanto helps growers extend operating hours to virtually any time of day while reducing dependency on seasonal labor constraints. Autonomous retrofit technology will increasingly allow farm operators to reallocate skilled labor toward logistics, agronomic decision-making, and operational expansion.

“This investment represents a major step forward in bringing practical autonomy to more farms,” said Craig Rupp, CEO and founder of Sabanto. “We believe the workhorse of the future is smaller equipment. Our retrofit approach allows farmers to shift labor toward higher-value tasks, increase operating hours, and ultimately focus on growing their business and their bottom line. We’re seeing too many farms fold under economic pressure and our solution levels the playing field.” 

The investment will support:

• Expanded commercialization and dealer network growth
• Increased retrofit kit production and deployment
• Continued software and autonomy platform development
• Expanded customer support and field operations
• Accelerated adoption within the row crop market

Sabanto recently expanded autonomous functionality into planting operations, allowing growers to maximize critical planting windows by operating equipment around the clock. New integrations with Precision Planting^® and DICKEY-john^® monitoring systems further enhance compatibility with widely used precision agriculture technologies, enabling seamless operation for growers already invested in modern planting systems.

Sabanto’s funding round also aligns closely with Bayer’s long-term sustainability and environmental objectives of better use of land and resources, more regenerative practices, and win-win solutions for the diverse needs of people and our planet. Sabanto’s retrofit model enables growers to utilize smaller, lighter equipment platforms that can help reduce soil compaction compared to larger traditional machinery, supporting improved soil health and long-term field productivity. Autonomous operations can also optimize machine efficiency by reducing inefficiencies such as overlaps, minimizing idle time, and improving route consistency, contributing to lower fuel consumption during field operations.

Sabanto’s autonomy platform is designed to work in concert with increasingly “smart” implements and precision agriculture systems, helping growers better manage fertilizer applications, seed placement, spraying, and other critical inputs. By combining autonomy with precision technologies, growers can reduce input waste, improve operational accuracy, and lower overall cost per acre, while still being mindful of the environment.

“Farmers today need solutions that improve efficiency without requiring massive capital expenditures,” said Paimun Amini, VP of Agriculture Venture Investments at Leaps by Bayer. “Sabanto’s retrofit model offers a scalable and practical pathway to autonomy, especially in today’s challenging farm economy. We believe this technology offers options that can reshape how labor and equipment are utilized in row crop farming and beyond while also supporting more sustainable farming practices.”

Photos and videos are available in this folder.

About Sabanto 

Sabanto is a midwest-based agricultural technology firm focused on delivering physical AI-enabled, retrofit autonomous solutions for farming operations across multiple industry segments. Sabanto’s Retrofit Autonomy Kit transforms off-the-shelf tractors into fully autonomous machines. The kit includes a cloud-connected communications system, multiple GNSS receivers, and an onboard AI processing unit, and can be installed in a single day. By upfitting existing equipment to operate autonomously, Sabanto helps growers reduce time & labor constraints, maximize machine output, and ultimately improve operational efficiency across a range of agricultural applications. https://sabantoag.com/

About Leaps by Bayer

Leaps by Bayer aims to solve ten huge challenges or ‘Leaps’ through scientific breakthroughs. As the strategic investment unit of Bayer, Leaps has invested over $2.1 billion in more than 65 companies innovating emerging platforms and technologies in health and agriculture. www.leaps.bayer.com

SOURCE Sabanto, Inc.

Expansion gives banks, payment providers and corporate treasury teams a faster, licensed route for cross-border settlement across four East African markets.

ZURICH, July 14, 2026 — SCRYPT, the operating system for digital assets, today announced the expansion of its licensed stablecoin settlement infrastructure across four East African markets, enabling banks, payment providers and corporate treasury teams to move value into and out of the continent in real time.

In most African markets, accessing US dollars remains the biggest friction in cross-border payments. Local currencies can be volatile, bank dollar liquidity is often constrained and correspondent banking remains slow and expensive. Businesses paying international suppliers frequently have to convert local currency into USD before purchasing stablecoins for settlement, incurring FX conversions and spreads before any payment is made.

SCRYPT eliminates this intermediate conversion. By enabling direct settlement corridors for local African currencies into stablecoins, businesses can move from local currency to stablecoin settlement in a single licensed transaction, without first sourcing rationed bank dollars. Local currency in, stablecoin out.             

“Across Africa, stablecoin adoption is driven by economic need, not speculation,” said Norman Wooding, Founder and CEO of SCRYPT. “Businesses here are not chasing yield, they are trying to pay suppliers and manage treasury without losing margin to a banking system that rations dollars. Licensed, fair-rate dollar access is the clearest proof of what this infrastructure is for.“

The expansion adds settlement support across four African currencies: the Kenyan shilling (KES), Tanzanian shilling (TZS), Rwandan franc (RWF) and Ugandan shilling (UGX). Each corridor is delivered through the same full-stack infrastructure our clients already use for trading, custody and treasury operations.

“Until now, reaching stablecoins from local African currencies meant buying scarce dollars and incurring several layers of conversion costs,” said Gabriel Titopoulos, Managing Director, Markets & Trading at SCRYPT. “SCRYPT removes this friction. Firms and payment providers can now settle straight from local currencies through live corridors, with local partners.“

Stablecoins are increasingly becoming settlement infrastructure rather than an investment product. By extending licensed access across African payment corridors, SCRYPT is helping banks, payment providers and corporate treasury teams  move capital more efficiently where it is needed most.

About SCRYPT 

The Operating System for Digital Assets.

SCRYPT is what institutions run on to trade, settle, store, and manage digital assets.

Since 2019, SCRYPT has operated as the trusted crypto partner for firms launching or scaling their digital asset strategy.

By combining deep market access, crypto-native expertise, and proprietary infrastructure, SCRYPT provides the liquidity, full-stack infrastructure, and FINMA-licensed framework that banks, asset managers, fintechs, and payment providers need to trade, store, and manage digital assets, all through a single point of access.

To learn more about SCRYPT, visit: www.scrypt.swiss

Contact: [email protected]

SOURCE SCRYPT

• ABB invests in Gridcog which provides a digital platform for next-generation modeling of complex microgrids, distributed energy resources (DERs) and energy-as-a-service solutions for utilities, independent power producers and commercial & industrial customers
• Partnership helps customers adopt energy efficient solutions by designing, comparing and validating complex energy projects faster, with clear visibility on both financial performance and carbon impact
• Gridcog’s software combined with ABB’s advisory and engineering services will accelerate the shift toward integrated, service-led energy solutions for commercial and industrial customers

ZURICH, July 14, 2026 — ABB has made a strategic minority investment in UK-based startup Gridcog to accelerate advanced modelling capabilities supporting the deployment of renewable generation and storage, industrial microgrids, distributed energy resources (DERs), alternative energy procurement strategies and energy-as-a-service solutions.

This partnership will help ABB’s customers design, compare and validate complex energy projects with clear visibility on both cost and carbon impact from the earliest stages. The financial terms have not been disclosed.

As electrification accelerates and renewables pass one-third of global power generation, energy systems are becoming more complex, driving demand for flexible, decentralized energy resources that require deeper technical, financial and environmental analysis.

Gridcog’s software platform enables rapid scenario modelling, design and simulation to support more consistent and transparent business cases for renewable and energy transition projects across different geographies, energy markets and asset types. The platform helps quantify both financial performance and carbon emissions impact, supporting commercial and industrial customers in building credible and data-driven net-zero roadmaps.

Stuart Thompson, President of ABB’s Electrification Service division, said: “By combining Gridcog’s modeling capabilities with our energy advisory and microgrid engineering expertise, we can help customers move faster from concept to implementation, as they adopt innovative technologies and business models to support their energy management goals. Together, ABB and Gridcog will focus on helping customers navigate an increasingly complex and constantly evolving energy landscape, reduce emissions and unlock more value from distributed energy resources, while supporting ABB’s growth in digital, energy advisory and service-led business models.”

As the latest addition to ABB’s growing innovation ecosystem, the collaboration with Gridcog strengthens ABB’s ability to connect software, hardware and services into more integrated as-a-service offerings. It is targeted at commercial and industrial customers seeking alternative technology solutions that deliver both economic and sustainability benefits.

Fabian Le Gay Brereton, Gridcog’s CEO, said: “ABB’s investment is a strong signal of how critical advanced modelling has become in managing the dynamic nature of the energy ecosystem. At Gridcog, we are focused on giving customers the clarity they need to make confident decisions about complex energy systems. Together with ABB, we can help businesses move faster from idea to implementation, with a clear view of both the financial case and the carbon impact.”

ABB is leading this funding round and is joined by AXPO, DNV and Verbund Ventures. At the same time, Albion and Clean Energy Finance Corporation maintain their presence as key shareholders.

This investment through ABB Electrification Ventures, the venture capital arm of ABB’s Electrification business area, is a key addition to ABB’s venture capital investments, reflecting the company’s commitment to building an ecosystem of innovative partners developing solutions that support productivity, efficiency, and sustainability. With this latest partnership, ABB Electrification Ventures has invested more than $110 million in 16 startups since 2021. ABB Electrification Ventures is part of the group-wide venture capital investment framework, ABB Ventures. Since its formation in 2010, ABB’s venture capital unit, ABB Ventures, has invested around $500 million into startups that are aligned with its electrification, automation and motion portfolio.

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

About Gridcog

Gridcog is the trusted platform for modelling energy flexibility. It gives energy professionals developing, investing in and operating the projects driving the energy transition one complete and transparent platform to model generation, storage, flexible load, grid constraints, network tariffs and market participation across the full project lifecycle. Originally founded in Australia and now with offices in London, Berlin, Madrid, Perth and Melbourne, Gridcog supports project developers, investors, utilities, energy majors and consultants worldwide. www.gridcog.com

For more information, please contact: 

Media Relations
Phone: +41 43 317 71 11
Email: [email protected]

Investor Relations
Phone: +41 43 317 71 11
Email: [email protected]

ABB Ltd
Affolternstrasse 44
8050 Zurich 
Switzerland

SOURCE ABB

Free, pay-what-you-want membership funds new features while keeping the app 100% free for everyone

LOS ANGELES, July 13, 2026 — Peptide Tracker, the free iOS app helping users track peptide protocols, injection sites, and dosing schedules, today announced the launch of its Founding Member program, a Wikipedia-style, pay-what-you-want membership designed to fund the app’s continued development without introducing a paywall or restricting any features.

Since launching, Peptide Tracker has grown to more than 25,000 downloads, with users relying on the app daily to track adherence, manage vial inventory and reconstitution, log weight, and rotate injection sites. As the user base grew, so did requests from users asking for a way to support the app financially.

“So many people have emailed us asking if there’s a way to help fund what we’re building. That request stuck with me. It’s one of the nicest things a user can ask,” said Kevin, co-founder and CEO of Peptide Tracker. “We wanted to build something that honored that without ever compromising the promise we made when we started: this app is free, and it stays free.”

With the new Founding Member program, users choose their own contribution amount on an annual basis. There is no minimum, no suggested tier, and no feature gated behind payment. Every contribution goes directly toward funding new features, product improvements, and ongoing development.

Founding Members will also receive recognition for their early support as the program evolves, with additional member benefits planned for future releases.

“This isn’t about changing what Peptide Tracker is,” said Kevin. “It’s about giving the people who’ve been here from the start a way to help us build faster, for them and for everyone who downloads the app next.”

The Founding Member program is available now within the Peptide Tracker app.

About Peptide Tracker: Peptide Tracker is a free iOS app that helps users track peptide protocols, including dosing schedules, injection site rotation, vial inventory, and reconstitution. Built by people who use peptides themselves, the app is designed to make protocol management simple, private, and judgment-free. Peptide Tracker is co-founded by Kevin and JP Sio.

Media Contact

Kevin Miller

[email protected]

peptidetracker.ai

SOURCE Peptide Tracker

Led by the International Finance Corporation, the round brings Quadric’s Series C to $46 million, with total capital raised reaching $90 million. The capital will expand Quadric’s support and go-to-market teams for existing customers in automotive, AI PCs, and enterprise, and incoming customers in humanoid robotics, wearables, and networking.

Existing investors increased their investment in this close: Pear VC, which led Quadric’s seed round; Uncork Capital; and BEENEXT, which led the round’s first close. Offline Ventures, co-founded by Facebook Platform creator Dave Morin and former Apple executive James Higa, joined as a new investor. The first close of Series C, announced in January 2026, followed a year in which Quadric product revenues more than tripled and the company reached profitability.

IFC has committed more than $3 billion to technology ventures in emerging markets. “Quadric addresses one of the most important structural gaps in the AI ecosystem today,” said Mohamed Eissa, Chief Investment Officer at IFC. “Powerful AI cannot remain the exclusive domain of hyperscalers if emerging markets are going to close the digital divide. Quadric’s programmable architecture fundamentally changes the economics: SMEs in emerging markets can now deploy AI on devices they own, without the per-token cloud bills that price them out. That productivity gain directly levels the playing field between small businesses in emerging and developed markets. And critically, building this class of efficient, programmable chips creates exactly the kind of high-value semiconductor and AI engineering talent that emerging markets like India need to compete globally.”

“A chip feature set is locked years before it ships, and AI models change every few months, so an operator-centric, fixed-function NPU arrives behind the models and only falls further back,” said Veerbhan Kheterpal, CEO and co-founder of Quadric. “Quadric is a living platform: because the stack is software, the same chip runs new models and gets faster long after it ships. That’s the difference between silicon that depreciates and silicon that compounds. Ask our customers.“

“Every NPU gets judged the day a new model drops,” said Daniel Firu, co-founder and Chief Product Officer of Quadric. “We port new models to Chimera cores and our customers take them as a software update, no silicon change. That porting machine is the product: the same core runs models published years after the silicon was designed.”

“We’re excited to keep backing Quadric as it pursues a massive opportunity. AI is moving outside the datacenter, and chip companies need silicon that can run tomorrow’s models, not just today’s. Quadric is solving that, and the design wins are proving it out. We led Quadric’s seed round and doubled down in this round because, from day one, we’ve seen firsthand how innovative this team is, and how strong they are in both the technology and the execution it takes to win,” said Mar Hershenson, Founding Managing Partner of Pear VC, which led Quadric’s seed round.

Chimera Processors Surpass Conventional NPUs
The Chimera GPNPU scales from 1 to over 3200 TOPS in multi-chiplet configurations and supports an endless array of AI models, both convolutional and transformer-based, ranging from traditional computer vision to on-device LLM inference and emerging VLA world models. Chimera processors deliver a single programmable architecture that chip designers deploy once and adapt as AI model requirements evolve. Quadric’s software toolchain converts AI models into C++, as well as enabling SoC design teams to write code in Python or C++.

About Quadric
Quadric Inc. is the leading licensor of fully programmable general-purpose AI inference processor IP that runs both AI inference workloads and classic DSP and control algorithms. Quadric’s Chimera GPNPU architecture is optimized for on-device AI/ML inference, including automotive-grade safety enhanced versions. Quadric is headquartered in Burlingame, California. Learn more at www.quadric.ai.

SOURCE Quadric, Inc.

Investment will support continued innovation in rare disease care and help PANTHERx serve more patients while preserving its independent, patient-first model

NEW YORK and PITTSBURGH, July 13, 2026 — Warburg Pincus, the pioneer of global growth investing, today announced that a Warburg Pincus-led investor group has agreed to acquire a controlling interest in PANTHERx Rare, the leading independent rare pharmacy in the United States, from Nautic Partners, General Atlantic, and The Vistria Group. Nautic Partners and PANTHERx management will remain significant shareholders. The investment will support PANTHERx as a category-defining rare disease care platform while preserving its patient-first and manufacturer-aligned model.

PANTHERx pioneered the rare pharmacy model and serves as a trusted partner across the rare disease community. Through deep therapy expertise, meaningful relationships, and a commitment to removing barriers to care, PANTHERx helps patients access and stay on therapy while delivering the high-touch support, reliability, and collaboration that patients and partners depend on.

“PANTHERx was built to help patients navigate complex rare therapy journeys with urgency and precision. We are grateful for the partnership and support from Nautic Partners, General Atlantic, and The Vistria Group, whose investment helped expand our impact for patients and shape the company we are today,” said Bansi Nagji, Chief Executive Officer of PANTHERx. “We are excited to begin this next chapter with Warburg Pincus and Nautic Partners. This partnership reinforces our position as an independent, rare-focused pharmacy and supports continued investment in people, capabilities, and technology to help us serve more rare disease patients with the expertise and compassion that define PANTHERx.”

“PANTHERx is a standout healthcare platform with an exceptional management team, proven execution, and deep specialization in one of the most important and fastest-growing areas of healthcare,” said T.J. Carella, Managing Director, Head of Healthcare, Warburg Pincus. “The Company combines deep clinical specialization, high-touch service, and strong manufacturer partnerships. We look forward to partnering with Bansi and the PANTHERx team to support the Company’s continued growth and expand access to life-changing therapies for patients with rare diseases across the United States,” added Adam Krainson, Managing Director, Warburg Pincus.

“Since our initial investment, we have had the privilege of working alongside Bansi and the exceptional team at PANTHERx as they made a meaningful difference in the lives of rare disease patients and families,” said Chris Corey and Joe Anderson, Managing Directors, Nautic Partners. “We are excited to continue this journey alongside Warburg Pincus and support the next chapter of PANTHERx.”

“PANTHERx is defined by its steadfast commitment to an underserved patient population,” said Justin Sunshine, Managing Director and John LaDien, Principal at General Atlantic. “We are proud to have supported Bansi and the team in broadening access to critical therapies through greater scale, sustained innovation, and clinical rigor. We look forward to following the company’s continued impact in the years ahead.”

“When we invested in PANTHERx, we saw a company with the unique potential to redefine the specialty pharmacy model for rare diseases,” said Mo Yang, Partner at The Vistria Group. “We are proud of what the team has built over the last four years, and we thank the management team and employees for their unwavering commitment to putting patients first and making a profound impact in the lives of those they serve.”

The companies expect to close the transaction in the coming months following customary closing conditions and regulatory approvals.

J.P. Morgan Securities LLC served as financial advisor to Warburg Pincus. Centerview Partners and Goldman Sachs & Co. LLC served as financial advisors to PANTHERx. Cleary Gottlieb served as legal counsel to Warburg Pincus. Ropes & Gray served as legal counsel to PANTHERx.

About Warburg Pincus
Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $105 billion in assets under management, and more than 225 companies in its active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies. Since inception, Warburg Pincus has invested over $20 billion in more than 190 innovative healthcare companies around the world, including The START Center for Cancer Research, Summit Health/CityMD, Simtra BioPharma Solutions, Polyplus, Modernizing Medicine, GHX, and Ensemble Healthcare Partners.

The firm is headquartered in New York with more than 15 offices globally. For more information, please visit www.warburgpincus.com or follow us on LinkedIn and YouTube.

About Nautic Partners
Nautic Partners, LLC is a middle-market private equity firm based in Providence, Rhode Island, that focuses on investments in three sectors: healthcare, industrials, and services. Nautic has completed over 165+ platform transactions over its 40-year history. The firm employs a proactive, thematic investment strategy and partners with strong management teams to accelerate the growth of its portfolio companies through strategic add-on acquisitions, targeted operational initiatives, and deep sector expertise. For more information, please visit www.nautic.com.

About PANTHERx Rare
PANTHERx Rare makes rare disease care more hyper-personalized and less overwhelming by focusing relentlessly on each patient and each therapy. PANTHERx experts develop deep personal relationships with patients, prescribers, and pharmaceutical partners, serving as trusted advocates to ensure seamless collaboration and exceptional care. Since its founding in a garage in Pittsburgh, PA in 2011, PANTHERx has grown into the largest independent rare pharmacy in the U.S., leveraging established-company resources while maintaining small-company responsiveness, innovation, and attention to detail.

PANTHERx is licensed in all 50 states and was the first national pharmacy to achieve dual accreditations in rare disease from the Accreditation Commission for Health Care (ACHC) and Utilization Review Accreditation Commission (URAC). PANTHERx is also a nine-time winner of the prestigious MMIT Patient Choice Award for patient satisfaction, including the 2026 honor.

For more information, please email [email protected] or visit www.pantherxrare.com.

Contacts

Warburg Pincus

Sarah Bloom, Director, Communications
[email protected]

Nautic Partners

Allan Petersen, Managing Director and COO
[email protected]

PANTHERx Rare

Giancarlo Brutocao, Vice President, Corporate Strategy and Marketing
[email protected]

SOURCE Warburg Pincus LLC