CLEVELAND, 27 augustus 2026 — TRG, een portfoliobedrijf van Gemspring Capital en een wereldwijde managed services provider die zich richt op de volledige levenscyclus van enterprise endpoints, heeft vandaag aangekondigd dat het Reverse IT B.V. (“Reverse IT”), een Nederlandse aanbieder van mobile device management en enterprise mobility, heeft overgenomen. Met deze overname versterkt TRG zijn aanwezigheid in de Benelux en breidt het zijn managed mobility-capaciteiten in Europa verder uit. De financiële voorwaarden van de transactie zijn niet bekendgemaakt.

Reverse IT biedt een uitgebreid dienstenpakket om bedrijfskritische mobiele apparaten veilig, up-to-date en operationeel te houden. De dienstverlening omvat apparaat advies en -inkoop, configuratie en uitrol, gecentraliseerd beheer van mobiele apparaten en reparatie.

“Reverse IT is een hoogwaardige, servicegerichte organisatie met diepgaande technische expertise, sterke partnerrelaties en langdurige klantrelaties,” aldus Sean Kennedy, oprichter en CEO van TRG. “Met deze overname verkrijgen we een gevestigde positie in de Benelux en voegen we een bewezen managed mobility-platform toe dat we verder kunnen ondersteunen en laten groeien met de bredere mogelijkheden en wereldwijde middelen van TRG.”

“Reverse IT is een belangrijke aanvulling op onze Europese activiteiten,” zegt Kevan Mutton, Managing Director van TRG Europe. “Het team beschikt over uitgebreide kennis van de lokale markt, sterke klantrelaties en uitstekende managed mobility-capaciteiten die een waardevolle aanvulling vormen op onze dienstverlening in Europa.”

“TRG is de juiste partner voor Reverse IT en sluit uitstekend aan bij onze klanten, medewerkers en bedrijfscultuur,” zegt Edgar Beck, Chief Executive Officer van Reverse IT. “Wij blijven de betrokken service en technische expertise leveren die onze klanten van ons gewend zijn, terwijl we tegelijkertijd profiteren van de bredere mogelijkheden, middelen en het wereldwijde partnernetwerk van TRG. We kijken uit naar de kansen die deze samenwerking biedt voor onze klanten en ons team.”

Over Reverse IT

Reverse IT is een managed services provider met het hoofdkantoor in Emmen, Nederland, gespecialiseerd in mobile device management (beheer van mobiele apparaten) en enterprise mobility. Het bedrijf levert diensten op het gebied van apparaatadvies en -inkoop, configuratie, gecentraliseerd beheer van mobiele apparaten, reparatie en ondersteuning. Hiermee zorgt Reverse IT ervoor dat mobiele deviceparken veilig en operationeel blijven voor organisaties in onder meer de logistiek, retail en maakindustrie. Voor meer informatie, bezoek www.reverse-it.net .

Over TRG

TRG is een wereldwijde managed services provider die de volledige levenscyclus van zakelijke eindapparatuur (enterprise endpoints) beheert en beveiligt. Het bedrijf biedt een uitgebreid dienstenpakket dat de gehele levenscyclus van apparaten omvat, waaronder inkoop, configuratie, uitrol, reparatie via servicecentra, assetmanagement en geïntegreerde cybersecurity-oplossingen. TRG heeft zijn hoofdkantoor in Cleveland, Ohio, en beschikt over vestigingen in Noord-Amerika, Europa en Latijns-Amerika. Voor meer informatie, bezoek www.trgsolutions.com .

Over Gemspring Capital

Gemspring Capital is een private-equitymaatschappij gevestigd in Westport, Connecticut, met $ 5,1 miljard aan beheerd vermogen. Het bedrijf biedt flexibele kapitaaloplossingen aan middelgrote ondernemingen. Gemspring werkt samen met ervaren managementteams en hanteert een partnerschapsgerichte aanpak om omzetgroei, waardecreatie en duurzame concurrentievoordelen te realiseren. De doelbedrijven hebben een omzet tot $ 2 miljard en zijn actief in sectoren zoals lucht- en ruimtevaart & defensie, zakelijke dienstverlening, consumentendiensten, financiële en verzekeringsdiensten, gezondheidszorg, industrie, software en technologie gedreven dienstverlening. Voor meer informatie, bezoek www.gemspring.com .

Perscontact 
Zubin Malkani
Gemspring Capital
[email protected]

Amy Martin
Chief Marketing Officer, TRG
[email protected]

Up to $35 million from the Gates Foundation will support ProFound’s use of its platform, datasets, and algorithms to identify new drug targets and biomarkers for preeclampsia and eclampsia

CAMBRIDGE, Mass., Aug. 27, 2026 — ProFound Therapeutics, a Flagship Pioneering company harnessing the expanded human proteome to develop first-in-class medicines for multiple diseases, today announced that it has received an investment commitment of up to $35 million from the Gates Foundation, including an initial investment of $20 million, to create new solutions for women’s health. This investment supports its ProFoundry™ platform and agentic AI capabilities for the discovery of novel biomarkers and first-in-class protein drugs and drug targets for preeclampsia and eclampsia.

With this funding, ProFound Therapeutics will use its proprietary ProFoundry™ Platform to discover novel proteins from the expanded proteome that are expressed in placenta and serum derived from women with preeclampsia and eclampsia. By examining the causal biology of emerging targets, this work aims to support the identification of optimally validated biomarkers and targets for preeclampsia and eclampsia, as well as the creation of a novel preeclampsia/eclampsia-specific AI tool.

“Preeclampsia and eclampsia are devastating conditions for mothers and families across the globe, yet little is known about the underlying biology driving these diseases and therapeutic options remain limited,” said John Lepore, M.D., CEO of ProFound Therapeutics and Flagship Pioneering CEO-Partner. “The expanded proteome represents a vast and largely untapped resource for identifying novel protein drugs, drug targets, and biomarkers for diseases with significant unmet need. By systematically uncovering previously unknown proteins and unexplored biology, we are enabling a new generation of diagnostic and therapeutic possibilities. This funding from the Gates Foundation gives us the opportunity to translate this scientific innovation into meaningful global impact for women affected by these chronically underserved conditions.”

Herbert “Skip” Virgin, M.D., Ph.D., Head of AI-Enabled Cures Frontier Accelerator at the Gates Foundation, added, “Conditions like preeclampsia and eclampsia remain chronically underdiagnosed and undertreated. With only about 1% of global healthcare R&D directed toward female-specific conditions beyond cancer, promising treatments can take over a decade to reach the women who need them most. Closing that gap is a core commitment of the Gates Foundation. We are excited to support ProFound Therapeutics and its innovative approach to maternal health, utilizing proprietary knowledge of the expanded human proteome with agentic AI to generate new biological insights and targets for therapeutics and biomarkers that can be translated into real patient impact.”

About ProFound™ Therapeutics 

ProFound Therapeutics is discovering proteins hidden within the expanded human proteome to uncover novel protein drugs and drug targets. The company’s ProFoundry™ Platform uses state-of-the-art protein detection technologies, computational methods and high-throughput experimental assays to systematically identify novel proteins and define their connectivity, functionality, and roles in health and disease. The result is the identification of a broad new class of therapeutic targets that is leading to a portfolio of first-in-class medicines. ProFound Therapeutics was founded in 2020 by Flagship Labs, the innovation foundry of Flagship Pioneering. For more information, please visit www.profoundtx.com

SOURCE ProFound Therapeutics

MoneyGram, Allfunds, Bridge, Balaji Srinivasan and Raoul Pal join the speaker
lineup as Solana Foundation brings the institutions, capital and builders shaping the
next era of internet capital markets to London

More than 8,000 attendees from 100+ countries are expected as Breakpoint comes to
the home of capital markets for the first time, taking place 15-17 November

LONDON, Aug. 27, 2026 — Solana Foundation, a non-profit dedicated to the decentralization, growth, and security of Solana, today announced the first wave of speakers for Solana Breakpoint 2026, taking place 15-17 November at Olympia London. This marks the first time the annual forum will take place in the UK.

This year’s Breakpoint will center on the theme of Token Supercycle: a new era in which stablecoins, tokenized assets, payments and AI-driven economic activity increasingly move onchain. As AI accelerates the demand for capital, coordination and real-time settlement, Solana has emerged as the battle-tested, always-on infrastructure built for this next generation of the global economy. Today, Solana accounts for more than 50% of all blockchain transactions. It is the world’s fastest growing payments network, processing upwards of $4.7 trillion in stablecoin volumes in 2026 alone, surpassing $4 billion in real-world asset (RWA) value, and is home to more than 50% of tokenized equity volume. Beyond this, Solana’s rapidly growing ecosystem spans agentic commerce, consumer applications and digital collectibles – expanding the role of programmable assets and payments across more of the global economy.

Breakpoint will bring together financial institutions, technology companies, investors, and policymakers shaping this supercycle and building the next era of capital markets.

The first announced speakers include:

• Anthony Soohoo, CEO, MoneyGram
• Tad Smith, CEO of Candy Digital
• Annabel Spring, CEO of Allfunds
• Balaji Srinivasan, founder of The Network State
• Anatoly Yakovenko, co-founder, Solana and CEO, Solana Labs
• Zach Abrams, CEO of Bridge & Open Standard
• Lily Liu, President, Solana Foundation
• Raoul Pal, co-founder and CEO of Real Vision
• Peter Moore, Owner, Wisla Krakow Football Club

Additional leaders from global institutions, allocators, payment companies, enterprise, technology companies and government will be announced ahead of November.

Why London, Why Now

Breakpoint comes to London at an important moment for the UK’s position in global finance and technology. London was selected for 2026 given its long-standing role as a global hub for capital markets, entrepreneurship, technology and culture. As the UK faces growing questions about its ability to retain talent and capital, Solana is bringing Breakpoint to London to make the case for what the region has to offer: a global capital-markets hub, deep institutional expertise, exceptional talent, and a powerful stage for the founders and builders creating the future of finance.

“London is where modern capital markets were invented. The opportunity now is to build markets that are global from day one, operate around the clock and can be accessed by anyone with an internet connection,” said Lily Liu, President, Solana Foundation. “Token Supercycle is about what happens when capital, assets and economic activity go onchain. Whether you are an institution deploying capital, a founder building new financial infrastructure or a policymaker shaping the rules, Breakpoint is where the people building that future come together. Bringing Breakpoint to the UK for the first time puts Solana’s builders on the same stage as the institutions and policymakers now financing the onchain economy.”

Program – The Supercycle: Today and Tomorrow

Programming will explore the forces driving the supercycle today and the technologies that will shape what comes next.

• Day 1: The Supercycle, Today will examine the institutional assets that are already moving onchain and live on Solana: stablecoins, payments, tokenized real-world assets, and the macroeconomic forces accelerating the growth of onchain financial infrastructure.
• Day 2: The Supercycle, Tomorrow will explore what comes next: AI agents, prediction markets, consumer applications, new forms of ownership and entirely new markets enabled by programmable capital.

The Token Supercycle has begun. Come for the alpha. Build it on Solana.

Speaking applications are open. For more information on Breakpoint and to purchase tickets, please visit solana.com/breakpoint.

About Solana
Solana is a high performance network powering internet capital markets, payments, AI agents, and crypto applications. Solana operates as a single global state machine, and is open, interoperable and decentralized. For more information, please visit https://solana.com.

About Solana Foundation
Solana Foundation is a non-profit based in Zug, Switzerland, dedicated to the decentralization, growth, and security of Solana. For more information, please visit https://solana.org/

Media Contact
[email protected] 

– Two former SoftBank Vision Fund investment professionals join SBVA, expanding its global network across the U.S., Japan, and Southeast Asia
– SBVA to deepen support for portfolio companies, from identifying promising companies globally to supporting their expansion into overseas markets

SEOUL, South Korea, Aug. 26, 2026 — SBVA (CEO: JP Lee) announced today that it has appointed two former SoftBank Vision Fund investment professionals, Kaz Yoshimaru and Chris Lee, as Venture Partners. The appointments will further strengthen SBVA’s global investment capabilities and expand its support for portfolio companies entering overseas markets and growing their businesses.

Kaz Yoshimaru holds a Bachelor of Laws and a Master of Public Administration (MPA) from the University of Tokyo, as well as an MBA from Harvard Business School. He joined SoftBank Group in 2015 and later served as an Investment Director at SoftBank Vision Fund, investing in global technology companies as part of its U.S. investment team. He invested in leading technology companies including Databricks, Wiz, Perplexity, and Sierra, while supporting their expansion into Japan and helping bridge Silicon Valley and Asia.

As a Venture Partner at SBVA, Yoshimaru will leverage his expertise and network across the U.S. technology and venture ecosystem to support a range of initiatives. He will also lead strategic advisory and structuring efforts for a new fund focused on investing in U.S. startups.

Chris Lee earned a bachelor’s degree in Economics from the University of Chicago. He later worked at CVC Capital Partners and GIC before serving as a Partner at SoftBank Vision Fund. With extensive experience in private equity and growth equity, Lee led investments in major high-growth companies across Asia, including Yanolja, Carro, Advance Intelligence Group, bKash, IYUNO, and Funding Societies, building deep investment expertise and networks across the region.

At SBVA, Chris Lee will help identify co-investment opportunities in Southeast Asia and support new fund formation, while also helping portfolio companies enter and expand in local markets.

“Kaz and Chris bring extensive investment experience and networks built through identifying and supporting innovative companies across global markets,” said JP Lee, CEO of SBVA. “We expect their addition to further strengthen SBVA’s role as a bridge between the global technology ecosystem and Asian markets.”

SOURCE SBVA

NEW YORK, Aug. 26, 2026 — Chronograph, leading global provider of portfolio monitoring, valuations, and analytics technology for private capital investors, announced a partnership with Perplexity to bring clients’ trusted Chronograph data into Perplexity’s answer engine, and its agent platform, Perplexity Computer. The integration enables private capital professionals to query their validated, auditable portfolio data in plain language within Perplexity, alongside the licensed research sources their teams already rely on.

As institutional investors increasingly adopt AI to accelerate research, valuation, and reporting, the importance of a well-governed data foundation only grows. Chronograph is now available among Perplexity’s new Licensed Finance Data Sources, bringing the most trusted private capital data to one of the most widely adopted AI research surfaces in a single workflow.

Through the connector, teams can pull validated portfolio data straight from Chronograph to drive analytics, generate reporting, and leverage advanced AI to create finished work, built against a trusted data foundation. Reported figures trace back to their source documents, so teams doing mission-critical work always know which data set produced which number.

“Private markets intelligence has traditionally been difficult to access and even harder to put to work,” said Jeff Grimes, Head of Live Events Products, Perplexity. “By bringing Chronograph’s institutional-quality data into Perplexity Finance, we’re giving investors a faster, more intuitive way to research private markets, compare opportunities, and turn complex information into decision-ready insight.”

“For 10 years we have worked to integrate trusted private capital data directly into investor workflows,” said Divya Odayappan, Product Lead, Chronograph LP. “With the launch of Perplexity Computer, it was only natural to partner to unlock Chronograph data within it. The value of Chronograph’s connector goes beyond speed and accessibility; an analyst can be confident when querying portfolio data and analyzing investments in Perplexity. This is key for an industry where trust and accuracy are everything.”

The Chronograph connector for Perplexity is now available to Chronograph clients with an eligible Perplexity Pro, Max, or Enterprise subscription. Customers authenticate their own entitlements; there is no separate data contract to negotiate. Please reach out to Chronograph at [email protected] for more information.

About Chronograph

Chronograph was founded in 2016 to bring trust and efficiency to private capital markets data. The firm’s products help institutional limited partners and general partners — including many of the world’s largest private equity and private credit investors — streamline and automate portfolio monitoring, valuations, analytics, and reporting. The firm is backed by Sixth Street, Summit Partners, Carlyle AlpInvest, and Nasdaq, Inc. with offices in Brooklyn, NY and London, UK. For further information, visit www.chronograph.pe, and follow Chronograph on LinkedIn.

Contact
Fred Bower, Head of Marketing
Chronograph
New York, New York
[email protected]

SOURCE Chronograph

OliverAI today announced pre-seed funding from Menlo Ventures and Unusual Ventures to scale OliverDB, its high-performance analytical data platform purpose-built for agentic AI.

SAN FRANCISCO, Aug. 26, 2026 — Today’s enterprise analytics infrastructure wasn’t built for agentic AI. Unlike humans, AI agents create continuous, unpredictable, machine-speed analytical workloads, which existing systems weren’t designed to handle. As AI deployments scale, infrastructure can become both a performance bottleneck and a cost problem—limiting how quickly agents can work, while driving compute consumption up faster than the value they create. That puts the performance and promised ROI of enterprise AI at risk.

OliverDB is designed for this new reality. Its analytical engine enables AI agents to investigate enterprise data in real time while using a fraction of the compute required by existing systems. In tests using query shapes from ClickBench, the open-source analytical database benchmark developed by ClickHouse, Oliver ran hundreds of times faster than ClickHouse on CPUs and thousands of times faster with GPU execution.*

“This is not a 25% or 50% improvement to existing analytics infrastructure. It’s a complete step change,” said Praneet Sharma, co-founder of OliverAI. “A multi-petabyte analytics environment which requires thousands of servers today can collapse down to just a couple of servers—or even a single GPU—on Oliver, while simultaneously delivering dramatically faster performance. That changes what AI agents can do, how quickly they can do it, and the economics of operating them at enterprise scale.”

“Snowflake and Databricks helped define new categories of data infrastructure for the cloud era,” said Tim Tully, partner at Menlo Ventures. “Agentic AI represents another fundamental shift. Oliver represents a new kind of infrastructure designed specifically for the needs of agentic AI—combining the performance, efficiency, and control enterprises need to deploy AI agents at scale.”

Govern and observe agents without constraining them

Performance alone is not enough. Enterprises also need precise control over which systems agents can access, what information they can use, and which actions they can take.

OliverDB provides agent observability and governance across enterprise databases and Model Context Protocol (MCP) servers. Enterprises can define policies for each agent, limit its available data and actions, and maintain an attributable record of every interaction—giving agents room to operate while keeping every action within policy.

“The challenge in enterprise AI is no longer simply whether a model is capable enough,” said John Vrionis, founder at Unusual Ventures. “The challenge is giving AI systems meaningful access to valuable enterprise data without sacrificing control, reliability, or trust. Oliver combines the performance, governance, and grounded intelligence required to deploy those systems in the real world.”

Better outputs with fewer tokens.

Oliver’s model swarm is designed to produce deeper, more reliable outputs while lowering token spend and reducing dependence on expensive frontier models. Instead of relying on one model to generate a single answer, Oliver runs many smaller, specialized models in parallel to test competing hypotheses, examine alternative explanations, and build on useful findings from prior investigations. A conductor model weighs the results and returns the conclusion best supported by the available data—or no conclusion when the data is insufficient. This gives enterprises more thorough analysis while reserving frontier models for work that actually requires them.

OliverDB is available today for enterprise deployments, either as a managed service or inside a customer’s VPC. Enterprises can test the platform against their own demanding analytical workloads, using their own data and queries, to measure its performance and infrastructure impact directly.

Learn more and start using Oliver today, at oliverdb.ai.

*Benchmark results are based on internal Oliver testing using ClickBench analytical workloads against ClickHouse 24.8. Results are workload- and configuration-dependent and have not been independently audited. View the complete methodology, configurations, and results.

For media or general inquiries: [email protected]

SOURCE Oliver AI, Inc.

Funding accelerates development of Teragen’s next-generation fuel cell technology to meet surging power demand

BOSTON, Aug. 26, 2026 — Teragen Energy, an advanced fuel cell company building modular power solutions for data centers, industrial sites, and utilities, today announced the close of an oversubscribed $6 million pre-seed funding round. The round was co-led by BEVC and Energy Capital Ventures^®, with participation from AP Ventures, AIC Ventures, Massachusetts Clean Energy Center (MassCEC), and UntroD Capital Asia. This funding will advance Teragen Energy’s fuel cell technology from prototypes toward its first commercial pilot projects.

Reliable, abundant, cleaner energy is critical for this decade’s defining industries: artificial intelligence, advanced manufacturing, electric mobility. While grid operators race to meet rapid demand growth in these critical sectors, onsite power generation offers an alternative path. Unfortunately, today’s onsite power solutions come with high costs, high emissions, large footprints, and limited flexibility.

Teragen Energy elevates onsite power performance through a novel solid oxide fuel cell architecture, co-invented by CEO Dr. Ruofan Wang at Berkeley Lab. This innovation provides a path to best-in-class cost, efficiency, power density, and responsiveness for distributed power applications. Additionally, Teragen Energy’s technology is fuel-flexible, produces near-zero local pollutants, and can be optionally configured for energy storage or carbon capture.

“Today’s society runs on electricity, and tomorrow’s even more so,” said Dr. Ruofan Wang, CEO of Teragen Energy. “By redefining what a fuel cell can do, Teragen Energy can drive down both electricity costs and emissions without sacrificing reliability.”

“Teragen Energy’s next-generation fuel cell technology holds promise to play a key role in addressing the energy trilemma, offering a lower carbon, reliable, dynamic power solution with compelling economics,” said Joshua James, Investor at BEVC.

Victor Pascucci III, Managing General Partner at Energy Capital Ventures^® said, “The natural gas industry is the backbone of the energy expansion. The industry needs more modular and scalable technology to provide the clean, safe, reliable, cost-effective energy of the future. Teragen’s next generation fuel cells are vital to the future of energy and the energy expansion.” 

The funding announced today enables Teragen Energy to expand its testing and manufacturing infrastructure, grow its engineering team, scale up its core technology, and accelerate commercialization with data center, industrial, and utility partners.

About Teragen Energy
Teragen Energy builds advanced fuel cell systems that deliver reliable, affordable, and clean power to data centers, industrial sites, and utilities. Founded on Berkeley Lab innovations, Teragen Energy fuel cells excel on the metrics that matter most to customers: cost, efficiency, power density and responsiveness.

For more information, please visit www.teragenenergy.com.

Media Contact
Emerson Reiter, Teragen Energy
[email protected]

SOURCE Teragen Energy

Latest expansion strengthens NewPower’s ability to invest in inventory, respond to market opportunities, and support customers worldwide.

NASHUA, N.H., Aug. 26, 2026 — NewPower Worldwide, one of the electronics industry’s fastest-growing distributors, today announced it has expanded its committed credit facility to $750 million, further enhancing its ability to invest in inventory, support customer growth, and capitalize on opportunities across the global supply chain.

The increase follows a period of exceptional growth for NewPower Worldwide. Since its founding in 2014, the company has rapidly expanded its global footprint, growing to 14 offices across the Americas, EMEA, and APAC, with $5 billion in annual sales, and managing more than $1 billion in inventory worldwide. The expanded facility provides additional financial capacity to support continued growth and evolving customer requirements.

In today’s rapidly changing supply chain environment, financial strength and access to capital play a critical role in securing inventory and maintaining continuity of supply. The expanded facility enhances NewPower’s ability to purchase strategically, support large-scale customer requirements, and provide greater flexibility around inventory and delivery programs.

“Our customers rely on NewPower to solve supply chain challenges quickly and at scale,” said Carleton Dufoe, Chief Executive Officer of NewPower Worldwide. “Expanding our credit facility to $750 million gives us additional capacity to secure inventory, support larger strategic programs, and respond faster when opportunities arise across the market. It further strengthens our ability to deliver solutions that help customers succeed in any market environment.”

The expanded facility strengthens NewPower’s ability to support larger and more complex customer programs while increasing the volume and scale of transactions the company can execute globally. By increasing its purchasing capacity, NewPower is better positioned to secure strategic inventory, capitalize on market opportunities, and deliver supply solutions to customers with greater speed, flexibility, and scale.

“Our expanded partnership with NewPower reflects our confidence in the company as it executes on behalf of its clients,” said Jason Upham, Senior Vice President at Citizens. “Our banking team led an increased credit facility designed to support NewPower’s goals and growth objectives.”

The expanded facility reflects NewPower’s continued financial strength and enhances its ability to convert market opportunities into tangible supply solutions for customers worldwide. Combined with the company’s global sourcing network and supply chain expertise, the added capacity positions NewPower to execute larger programs, secure critical inventory, and help customers respond to changing market conditions with speed, flexibility, and confidence.

About NewPower Worldwide

NewPower Worldwide is a leading independent distributor of electronic components and finished goods, serving OEMs, EMS providers, and supply chain partners worldwide. Privately owned and headquartered in Nashua, New Hampshire, the company is recognized for its advanced sourcing technology, global reach, and commitment to solving complex supply chain challenges. For more information, visit NewPower Worldwide.

SOURCE NewPower Worldwide

Funding led by Costanoa and joined by CVS Health Ventures and Flare Capital Partners

SAN FRANCISCO, Aug. 26, 2026 — Onos Health, the behavioral health clinical intelligence platform for payers today announced a $17 million Series A financing round led by Costanoa, with participation from Flare Capital Partners and strategic investment from CVS Health Ventures. The financing follows strong commercial momentum, with leading U.S. health plans, including Aetna, leveraging Onos’ AI platform to improve behavioral health outcomes while driving affordability through lower total cost of care.

Behavioral health has become one of the most pressing challenges facing the U.S. healthcare system. More than 23% of U.S. adults experience a mental health condition annually, while direct medical costs for behavioral health exceed $140 billion each year. Despite the scale of spending, health plans often lack the data systems and clinical visibility to manage quality across their populations, which forces plans into reactive oversight that can be abrasive to members and result in delays to care.

“Behavioral health care quality is difficult to understand and manage because it is recorded in unstructured clinical documentation which legacy solutions cannot process,” said Akshay Agarwal, co-founder and CEO of Onos Health. “AI has the potential to fundamentally transform how health plans manage care by making clinical quality and care pathways measurable at scale. Onos leverages proprietary AI to give plans unprecedented visibility into their populations, enabling them to proactively partner with providers, eliminate manual administrative work, and improve outcomes while driving efficiency across the healthcare system.”

Onos Health built the largest behavioral health care quality database to develop its AI platform, and partnered with leading health plans and industry medical leaders to build proprietary models to handle the immense complexity of behavioral health diagnoses and service lines. The result is a new platform capability deployed across national and regional health plans to solve some of behavioral health’s biggest challenges:

• 35% improvement in clinical standard adherence
• 75% improvement in clinical review efficiency resulting in fewer delays in care
• >6% reduction in behavioral health program costs within 12 months through improved clinical quality

“Behavioral health populations are often complex and require dedicated focus and coordination with health care providers to improve outcomes and affordability,” said Alyssa Reisner, Vice President and General Partner, CVS Health Ventures. “Onos Health helps surface actionable clinical insights from data that has historically been difficult to interpret. It provides a clearer understanding of treatment patterns and quality of care and supports more informed decision-making and collaboration with behavioral health care providers.”

Onos’ AI platform integrates claims, utilization and clinical documentation with quality guidelines to provide an actionable view of care pathways across populations. By analyzing both structured and unstructured data, the platform helps identify care patterns, treatment gaps, and areas for quality improvement. The platform demonstrates that more than 70% of behavioral health care quality signals are embedded in unstructured documentation, which Onos transforms into actionable clinical intelligence. These insights enable health plans to proactively collaborate with their provider networks to guide members toward the highest-quality, most cost-effective care options.    

“Behavioral health is one of the largest and least understood categories in healthcare, representing billions of dollars in spend and enormous variation in care costs with low correlation to care quality,” said Amy Cheetham, Partner at Costanoa. “The Onos team understands firsthand the operational challenges health plans face, and they are building critical foundational infrastructure for behavioral health care that has been historically overlooked.”

“Onos is giving health plans the behavioral health clinical intelligence they need to move from reactive oversight to value-driven healthcare,” said Margaret Malone, Partner at Flare Capital Partners. “Health plans using Onos’ AI-powered platform are seeing significant improvement in clinical quality and affordability, and we are excited to partner with Akshay and the team as they build the category”

About Onos Health

Onos Health is the behavioral health clinical intelligence platform that leverages proprietary AI to maximize health outcomes and affordability. Onos brings clarity to care quality and utilization, so payers can proactively partner with providers to identify the optimal care pathways for members and deliver the best possible outcomes across their populations. Built using the largest behavioral health quality database and trusted by 3 of the 6 largest health plans in the country, Onos enables a more collaborative and proactive approach for health plans and providers to achieve their health outcome goals. 

SOURCE Onos Health Inc. / BAM Agency