DENVER, Dec. 4, 2024 — Today Cleerly, a leader in advanced cardiovascular imaging, announced the successful closure of its Series C extension funding round, raising a total of $106 million. This funding round was led by global software investor Insight Partners and joined by Battery Ventures with participation from pre-existing investors. With this new funding, Cleerly will continue to scale its commercial growth and clinical evidence generation, helping health care professionals improve outcomes for patients across the coronary care pathway.

Cleerly is dedicated to creating a new standard of care for heart disease by utilizing FDA-cleared solutions powered by artificial intelligence. The company’s advanced non-invasive computed tomography (CT) imaging technology enables comprehensive phenotyping of coronary artery disease, grounded in scientific research based on millions of medical images.

James K. Min, MD, Founder and CEO of Cleerly, expressed his enthusiasm about the financing, stating, “We are thrilled to receive this investment from Insight Partners, marking a significant milestone for Cleerly. This funding will allow us to expand our commercial reach, which is especially germane following our recent achievements in attaining Medicare coverage and a CPT Category I code for advanced plaque analysis. We are very excited to see our purpose-driven mission come to life, making advanced cardiac care accessible to more patients and working towards our goal of eliminating heart attacks.”

“We are excited to support Cleerly in its mission to revolutionize cardiac care,” said Scott Barclay, Managing Director at Insight Partners. “Cleerly’s pioneering approach to advanced cardiovascular imaging, powered by AI-driven analysis, is elevating the field of diagnostic tools for coronary artery disease. With this investment, we look forward to helping Cleerly expand its reach and impact, bringing this potentially life-saving innovation to more patients and health systems nationally. We’re proud to be a part of Cleerly’s journey. As we’ve seen with their recent Medicare and CPT I code approvals, this technology is both valuable and ready today in the fight against heart disease.”

Barclay continued, “Cardiovascular disease is the #1 cause of death globally and costs our country $422B annually. Until Cleerly, healthcare providers have had no way to easily and completely assess plaque burden in a non-invasive manner. Cleerly’s software is able to precisely identify heart disease by analyzing non-invasive images – just like the revolutionary new technologies, mammograms and colonoscopies, that provide early detection for breast and colon cancer, respectively. This is what good software can do in the world!”

For more information about Cleerly and its groundbreaking solutions, please visit www.cleerlyhealth.com.

About Cleerly®

Cleerly is the company on a mission to eliminate heart attacks by creating a new standard of care for heart disease. Through its FDA-cleared solutions driven by artificial intelligence, Cleerly supports comprehensive phenotyping of coronary artery disease, as determined from advanced non-invasive CT imaging. Cleerly’s approach is grounded in science, based on millions of medical images. Led by a world-class clinical and technical team, Cleerly enhances health literacy for each and every stakeholder in the coronary care pathway. For more information, please visit: www.cleerlyhealth.com.

About Insight Partners

Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2024, the firm has over $80B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.

SOURCE Cleerly

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• This founder-only fundraise was designed to unite leaders around a shared vision for the future of digital identity
• Investors share the Rarimo community’s conviction that digital identities must be private, user-owned and controlled
• Funds from the Vision Round will be used to launch Rarimo as a roll-up in Q1 2025

LONDON, Dec. 4, 2024 — Rarimo, a zero-knowledge (ZK) identity protocol, has announced the closing of a $2.5 million fundraising round spearheaded by Ethereum‘s Vitalik Buterin. Other investors included Celestia’s Nick White and Aztec’s Zac Williamson, among others*.

Termed the Vision Round and reserved exclusively for founders of leading chains and ZK protocols, the raise was designed to unite leaders around a shared vision for the future of digital identity.

Investors share a conviction that digital identities must be private, user-owned, and user-controlled. To achieve this, an identity stack such as Rarimo’s that provides total decentralization is urgently required.

In line with this view, funds from the Vision Round will be used to launch Rarimo as a ZK roll-up on Ethereum in Q1 2025. This expansion follows the successful battle testing of Rarimo’s ZK identity system during the Russian elections where it survived Kremlin attacks.

Lasha Antandze, Co-Founder of Rarilabs, a contributor to Rarimo, commented, “In the future, all users will self-issue and privately store their identities on their own device, generating zero knowledge proofs that let them co-ordinate and communicate without compromising anonymity. This decentralized model makes hacks, bans and censorship almost impossible.”

Vitalik Buterin, Founder of Ethereum, shared, “I share the Rarimo team’s passion for improving and protecting freedom and democracy in post-Soviet countries and beyond. I recognize the dual need to protect privacy against oppressive governments and hackers while, at the same time, allowing participants in discussions to trust each other. Free speech must be neither squashed by a boot nor drowned out in noise.

Rarimo’s identity model of ZK-wrapping existing proof-of-personhood methods and building applications on top, allowing users to prove important facts about who they are without fully disclosing their identity, is a promising strategy to achieve both goals at the same time.“

Nick White, Founder of Celestia, added, “Rarimo’s sovereign, private, digital identity layer will unlock very powerful, cypherpunk applications for crypto. Onchain voting is just the tip of the iceberg.”

Rarimo’s identity infrastructure started with passport ZKPs. Users can self-issue passport-based identities, store them privately on their mobile phones, and generate ZK proofs locally from their own devices. No third parties are involved in the process.

These passport ZKPs have been used for anonymous voting in Russia, Iran, and Georgia, and for airdrops. The community is now focused on expanding Rarimo’s infrastructure so that users can build private social graphs and experiment with ZK reputation.

*Full List of Investment Partners

     –  Vitalik Buterin, Ethereum Co-Founder
     –  Nick White, Celestia Co-Founder
     –  Brian Retford, RiscZero Co-Founder
     –  Daniel Lubarov, Polygon Zero Co-Founder
     –  Stefan George, Gnosis Co-Founder
     –  Alex Pruden, Aleo Co-Founder
     –  Keone Hon, Monad Co-Founder
     –  Ariel Gabizon, Zcash contributor
     –  Zac Williamson, Aztec Co-Founder
     –  Arnaud Schenk, Aztec Co-Founder
     –  Liam Eagan, Alpen Labs Founder
     –  Pavel Kravchenko, Distributed Lab Co-Founder

Additional Investor Quotes

Alex Pruden, Founder of Aleo,“Zero-knowledge cryptography holds tremendous potential for solving digital identity challenges. I’m proud to support the Rarimo team as they tackle this critical need with innovative products like Freedom Tool and the ZK Identity Registry. Their work is paving the way for secure, privacy-preserving solutions that have the potential to redefine how we trust and interact online.”

Brian Retford, Founder of RiscZero, “It’s more important today than it ever has been that there be open, decentralized and transparent identity protocol that enables *credible* anonymous and pseudonymous online actions. Rarimo is building this and I’m proud to support them.”

Zac Williamson, Co-Founder of Aztec, “Permissionless identity protocols with strong user privacy protection will be seen as a keystone technology of the new information revolution, and Rarimo is leading the charge. The community is talented, tenacious and targeting real-world deployments of this bleeding-edge technology. I am thrilled to be supporting their journey.”

About Rarimo

Rarimo is a ZK identity protocol. It unlocks a new generation of social apps.

Photo: https://mma.prnewswire.com/media/2573208/Rarimo_Vision_Round_Founders.jpg

SOURCE Rarimo

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NEW YORK, Dec. 4, 2024 — ION Analytics, a global provider of personalized, predictive data and market intelligence to advisers, banks, investors, law firms, and corporates, announces that Vintage Investment Partners (Vintage) has selected ION-owned Backstop Solutions (Backstop) to support its fundraising, investor relations, and investor communication initiatives.

Vintage, a global investment fund with USD 4 billion in assets under management, invests in leading funds and startups in the USA, Europe, and Israel by combining fund-of-fund, secondary fund, and growth fund investments. To streamline its data, workflow, and reporting, the firm sought a dynamic platform for its fundraising, investor relations, and investor communications. Backstop will give Vintage Investment Partners a consistent, holistic view of the investor lifecycle and will support communications, collaboration, and decision-making across the organization.

Backstop offers venture capital firms like Vintage a comprehensive solution to manage fundraising, investor relations, and investor communications efficiently. With a user-friendly interface, industry-focused CRM, investor relations, and investor portal features, plus dedicated customer support, the platform is ideal for fundraising, investor relations, investor communications. and reporting. Backstop’s code-free configuration, simple subscription model, and venture capital expertise make it easy for Vintage to access all the tools they need in one suite.

Greg Fuji, Head of Investor Sales at ION Analytics, comments: ”As a top provider of CRM and portal solutions, we are honored to support Vintage in their fundraising, investor relations, and investor communications processes. Our CRM, investor relations, and investor portal platform is designed to meet the unique client-side needs of venture capital firms, and we are thrilled to partner with Vintage to help them achieve their growth ambitions. We look forward to working closely with the firm, supporting them to streamline operations further, enhance decision-making, and drive their success in global venture capital.”

Jonathan Alden, SVP, Head of Investor Relations at Vintage Investment Partners, comments: “We’re excited to partner with ION Analytics, bringing Backstop Solutions onboard to help us with our investor relations, fundraising, and investor communication needs. After a thorough evaluation and selection process, we found Backstop’s platform to be the most user-friendly and intuitive, and its workflow will help us to streamline our investor processes. Combining CRM, investor relations, and portal in one place will help us consolidate data and improve reporting. As our fundraising plans evolve in 2024 and beyond, we must ensure that our technology solutions remain aligned with organizations’ and clients’ needs. We believe this platform is the right choice for Vintage Investment Partners.”

About ION

ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/

About ION Analytics

ION Analytics delivers personalized, targeted data, market intelligence, and software to banks, investors, and corporates, helping clients find opportunities and drive better decisions in markets ranging from equities and fixed income to infrastructure and private equity. For more information, visit https://iongroup.com/analytics/ 

About Vintage Investment Partners

Vintage Investment Partners (Vintage) is a global venture firm combining fund-of-funds, secondary funds, and growth funds. With approximately $4 Billion under management, 15 active funds, across the USA, Europe, and Israel, Vintage is invested in several of the world’s leading venture funds with exposure to approximately 6,000+ technology companies. Vintage uses its unmatched network to connect startups across the world to hundreds of corporations seeking support in their digital journeys, helping drive an ecosystem to maximize its potential and reach new heights. Vintage is a Founder of the PowerinDiversity initiative and a signatory of the UN’s Principles for Responsible Investment (UN PRI).

All product and company names herein may be trademarks of their registered owners.

SOURCE ION

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SOLON, Ohio, Dec. 3, 2024 — Eagle Electronics, a new leader in high-tech electronics and cellular module production, is proud to announce it has raised $14mm, led by the O.H.I.O. Fund with participation from Asymmetric Capital Partners, to establish cutting-edge manufacturing technology and operations in Solon, Ohio, in partnership with CO-AX Technology. This strategic initiative marks a significant milestone in the company’s commitment to onshoring the advanced high-tech supply chain to the United States.

“This is a major moment for Eagle and our vision of onshoring and securing America’s critical technologies,” said TJ Dembinski, Co-Founder & CEO of Eagle Electronics. “Our goal is to set a new standard for electronics manufacturing in the U.S., combining the most advanced automated manufacturing and testing technology with rigorous hardware and software cyber-security testing throughout the supply chain. This offering will allow Eagle to onshore critical knowledge and essential technologies, all while continuing to cement the United States’ leadership in the chip industry.”

Eagle Electronics’ new facility aims to be the most advanced electronics manufacturing plant in the United States, leveraging cutting-edge surface-mount technology manufacturing equipment. The Solon, Ohio manufacturing operation is also expected to create numerous jobs in Ohio, further establishing the state as a key player in the U.S. semiconductor industry. Ohio’s Lieutenant Governor, Jon Husted, added, “Eagle is further proof that Ohio is becoming one of the world’s leading semiconductor manufacturing hubs. With the addition of Eagle, we’re bringing more jobs in this sector to Northeast Ohio, reinforcing our commitment to the ‘Made in Ohio‘ strategy.”

Eagle is already seeing demand for American-made cellular modules and has signed up several customers. Boston-based Cherish has contracted with Eagle to advance its goal of sourcing components for its health and safety monitoring products manufactured in the communities where its customers live. Sumit Nagpal, Cherish’s Founder & CEO, said, “Our customers trust us to invite our products into their homes to monitor the health and safety of loved ones. Our work with Eagle helps deepen this trust with, in this case, cellular modules manufactured in the U.S.A. This is good for us, our customers, and the communities we serve.”

“Our partnership with Cherish Health demonstrates the market’s confidence in our ability to deliver high-quality, state-of-the-art cellular modules,” added Mark Kvamme, Eagle’s Co-Founder & Chairman. “We look forward to expanding our customer base as we ramp production and continue to innovate in the cellular module and electronics manufacturing spaces.”

To achieve this goal, Eagle’s first onshoring partner is Quectel, a global IoT solutions provider. Norbert Muhrer, Quectel’s President and CSO, commented on the Eagle relationship, “Some customers need access to cellular modules that are made in the United States. We are excited to partner with Eagle Electronics to be able to offer customers the option to procure U.S.-made and cyber-secure modules and we’re thrilled to be part of bringing production jobs back to the U.S.”

Eagle is also partnering with Finite State, a leader in software supply chain security, to produce, compile, and audit all firmware for Eagle devices domestically. Former Head of the CIA Directorate of Science & Technology and Eagle Board Member, Dawn Meyerriecks, says of this arrangement, “Eagle’s domestic production, coupled with the company’s partnership with Finite State, will go a long way in assuaging security concerns that are inherent with any connected technology. We believe our approach will be the most secure offering in the market.”

About Eagle Electronics
Eagle Electronics is an electronics manufacturing company dedicated to onshoring the manufacturing of critical technologies in the United States. By focusing on state-of-the-art manufacturing and strategic partnerships, Eagle Electronics is committed to building a geopolitically resilient and secure technology supply chain.

SOURCE Eagle Electronics

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BOSTON, Dec. 3, 2024 — Novobeing,a leader in medical virtual reality for enhanced patient care, is proud to welcome Ted Schilowitz as a strategic investor and member of its executive team. Schilowitz is a visionary innovator, a founding member of RED Digital Cinema and G-Tech, and a former Futurist at Paramount Pictures and 20th Century Fox.

Since its founding, and with the addition of Mr. Schilowitz’s strategic investment, Novobeing has secured over $1 million in funding to advance its technology, conduct multiple successful clinical trials, and deploy its solutions in leading hospitals across the United States.

A Personal Mission to Transform Patient Care with Immersive Technology

Ted Schilowitz’s journey into healthcare technology stems from a deeply personal experience. After two life-threatening heart surgeries left him recovering in hospitals for an extended period, Ted experienced firsthand the challenges patients face—anxiety, pain and long emotionally draining days with little to engage the mind or lift the spirit.

“With immersive technology, we can turn sterile hospital rooms into places of hope and healing—where patients find relief, comfort, and even joy during their toughest times.” said Ted Schilowitz “Today’s powerful and accessible virtual reality hardware allows us to reimagine this technology, moving beyond entertainment to make a profound impact on healing and well-being in healthcare.”

As a member of Novobeing’s executive team, Ted Schilowitz will bring his expertise in immersive technologies and his global network to shape the company’s strategic vision, enhance its brand presence, and accelerate the adoption of its medical VR solutions in healthcare systems worldwide. Schilowitz will spearhead product innovation while serving as a global advocate for Novobeing, championing the integration of immersive technology in healthcare at industry events, panel discussions, and engagements with key stakeholders to showcase the transformative impact of its solutions.

Advancing Medical Virtual Reality at Scale
Virtual reality (VR) has evolved from its roots in education and training to revolutionize gaming and entertainment, and now, it’s being widely adopted in healthcare. Researchers and developers are leveraging its groundbreaking potential for clinical applications, while regulatory agencies have approved 60+ medical devices that use VR or AR technology. 

Medical virtual reality has already made significant strides, demonstrating its potential to revolutionize mental health treatment delivery much like smartphones did years ago. There are currently over 300 published studies exploring the technology’s potential for assessing, understanding, and treating various mental health conditions using virtual reality headsets and digital therapeutic software.

Novobeing is uniquely focused on leveraging virtual reality to provide mental health and well-being support during in-hospital procedures that often leave patients confined for extended periods. Hospital stays, particularly for cancer treatments or other intensive procedures, are often accompanied by significant distress, including pain, anxiety, and stress. Novobeing’s platform is designed to address these challenges by delivering a diverse range of evidence-based therapeutic programs tailored to improve mental and emotional resilience.

From Cognitive Behavioral Therapy (CBT) and Positive Psychology interventions to soothing meditation sessions and immersive VR travel experiences, Novobeing helps patients manage their anxiety, reduce their perception of pain, and alleviate the emotional strain that comes with prolonged hospital stays. By creating an engaging and supportive environment, Novobeing empowers patients to take an active role in their well-being, transforming the hospital experience into one that fosters relaxation, hope, and recovery.

About Novobeing

Novobeing is an Immersive Patient Experience Platform that transforms hospital care with cutting-edge virtual and mixed reality (VR/MR) technology. Designed to accelerate patient recovery and improve well-being, Novobeing offers a growing library of evidence-based programs that reduce anxiety, stress, and pain. Easy to use and seamlessly integrated into existing workflows, our self-administered platform empowers healthcare providers to deliver engaging and transformative care while improving clinical and economic outcomes. By combining immersive technology with a patient-centered approach, Novobeing is redefining the future of patient experience—one immersive experience at a time.

To learn more visit: https://www.novobeing.com

SOURCE Novobeing Inc.

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The funding round, led by XYZ Venture Capital, expands Yurts’ impact of empowering users by unlocking workflows with efficient, highly secure AI solutions.

SAN FRANCISCO, Dec. 3, 2024 — Yurts, a leader in secure and trusted generative AI (GenAI) integration at scale for defense, government, and enterprise customers, announced today a $40 million Series B funding round led by XYZ Venture Capital, with participation from Glynn Capital, Nava Ventures, Bloomberg Beta, and Mango Capital. Yurts will use this funding to accelerate its growth and capabilities in leading an industry shift from experimental GenAI use to deep integration across mission-critical systems, unlocking real value within secure environments. 

Recently, Yurts delivered the first AI platform for the United States Department of Defense (DOD) on a secret-level network, providing new insights and superior decision-making capabilities for operational leaders and field personnel. Yurts has also won several additional enterprise deployments and government contracts, delivering a critical integration layer between models and internal applications that unlocks new workflows within high-security environments. 

“As GenAI adoption matures, the challenge is no longer about demos and pilots; it’s about delivering tangible results,” said Ben Van Roo, Co-Founder and CEO of Yurts. “For both the DOD and large enterprises, this means connecting AI to the systems that matter most—your systems of record and mission-critical applications. Yurts is purpose-built to meet this need, securely integrating AI where it can truly transform operations.”

Yurts has emerged as a trusted AI partner not just in the public sector but also in commercial enterprises. Large organizations in industries such as manufacturing and aerospace face similar challenges: integrating AI into legacy systems to unlock productivity, reduce costs, and provide users with a trusted resource that removes barriers to getting things done. Yurts’s approach is uniquely designed to address these parallels, combining precision, scalability, and compliance in secure environments. Importantly, Yurts does not train on a company’s proprietary data and can be deployed on-premise, ensuring maximum security and control for organizations handling sensitive information.

Yurts’s AI integration platform has been deployed in high-security settings across unclassified, sensitive, and secret environments, ensuring compliance with Department of Defense standards for sensitive data. With contracts spanning the U.S. Army, U.S. Air Force, Department of Energy, and SOCOM, Yurts is trusted to deliver AI solutions that strengthen mission-critical systems. Nearly 25% of Yurts’s workforce holds active security clearances, underscoring the company’s deep expertise in high-security environments.

“Yurts has broken out as a clear leader in the category of AI integration with their emphasis on deploying and scaling a solution grounded in data with a security-first framework,” says Ross Fubini, Managing Partner at XYZ Venture Capital, who led the deal. “Founders Ben Van Roo, Jason Schnitzer, and Guru Raghavan have built an AI platform that can be deeply integrated within high-security environments. This is a significant catalyst for both Yurts and the military, enabling the seamless integration of advanced AI capabilities into critical national security workflows. The company is positioned to meet the current and future need for AI head-on, and we’re proud to support them in this mission.”

While Yurts’s primary focus remains on the DOD and national security, its solutions are equally transformative for enterprises. A recent expansion of Yurts’s partnership with Oracle highlights the company’s ability to support commercial customers in modernizing their systems of record with AI, ensuring that GenAI delivers real, actionable value in complex, high-stakes environments.

“Defense and enterprise organizations face the same fundamental challenge: how to connect AI to their existing systems to unlock new workflows and insights,” added Van Roo. “This is where Yurts comes in. We provide the secure, integrated foundation that makes AI usable and transformative—not just theoretical.”

The Series B funding brings Yurts’s total investment to $58 million, enabling the company to scale operations, expand its team, and deepen its focus on connecting GenAI to mission-critical systems. With a proven track record in both the public and private sectors, Yurts is poised to redefine how organizations harness the power of AI in high-security environments.

“Right now, GenAI is only scratching the surface in terms of value for users. Yurts is bridging the gap between humans, GenAI, and the systems that matter most in meaningful and adaptable ways,” said Van Roo. “Over the past two years, we’ve developed technologies that move GenAI beyond experimentation, making it usable, secure, and impactful for the most critical and complex missions. Looking ahead, we’re focused on expanding these capabilities with our customers in the DOD, government, and commercial sectors—ensuring AI is flexible enough to meet their needs today and evolve with them for the future.”

About Yurts

Yurts delivers secure, production-ready AI solutions designed to transform mission-critical workflows in defense, government, and enterprise environments. Founded by Ben Van Roo, Jason Schnitzer, and Guruprasad Raghavan, Yurts originated from a strategic collaboration with the Department of Defense. Its AI integration platform connects models to high-security systems of record, enabling organizations to unlock operational insights, enhance decision-making, and achieve unprecedented productivity. Learn more at www.yurts.ai.

About XYZ Venture Capital

XYZ Venture Capital is a San Francisco and New York-based firm specializing in early-stage investments in transformative technologies. Founded by Ross Fubini, XYZ has backed companies like Anduril, Verkada, and Apex Space, focusing on overlooked industries poised for disruption. Learn more at xyz.vc.

SOURCE Yurts AI

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Adonis recognized for achievements in improving healthcare financial outcomes and patient experiences through AI.

NEW YORK, Dec. 3, 2024 — CB Insights today named Adonis to its 2024 Digital Health 50 — a list of the world’s 50 most promising private digital health companies, selected based on a combination of data signals and proprietary scoring.

“The 2024 Digital Health 50 cohort highlights high-momentum companies driving meaningful change across healthcare,” said Amrit Panjabi, Intelligence Analyst at CB Insights. “This year’s winners are at the forefront of bringing an AI-driven infrastructure to healthcare, transforming diagnostics, and bringing condition-specific care platforms to patients and providers. These companies are accelerating the transformation of healthcare delivery, streamlining workflows, and advancing patient outcomes globally.”

“We are thrilled to be named one of the world’s 50 most promising and innovative digital health companies,” said Akash Magoon, Co-Founder and CEO of Adonis. “2024 has been a year of tremendous growth for Adonis, marked by countless new partnerships with providers across a range of specialties, an increase headcount of the Adonis team, and our Series B fundraise in June. This has also been a year marked by significant advancements in AI, and with so many companies building AI-driven technology, we are honored to be recognized as one of the most innovative for the work we are doing to help healthcare providers collect more revenue and create improved patient experiences.”

From a pool of 10,000+ digital health startups, CB Insights analyzed companies using its proprietary metrics — Commercial Maturity and Mosaic scores — along with additional data on partnerships, funding, patents, leadership, and headcount. CB Insights supplemented this analysis with direct company submissions via Analyst Briefings.

Adonis is a revenue intelligence and automation platform, designed for healthcare, that gives healthcare providers the ability to collect the revenue that they deserve. Each year, healthcare practices and hospitals lose billions of dollars as a result of revenue cycle inefficiencies — Adonis has focused on building a proprietary model that applies ML and AI methods to address areas of revenue susceptibility and pinpoint the constantly changing root-cause issues that lead to financial loss. Adonis Intelligence, Adonis’ flagship product, maximizes recoverable revenue, boosts AR velocity, and dramatically improves workflow efficiency. Actionable alerts, real-time dashboards, claims status tracking, smart worklists, and underpayments detection give revenue cycle teams the ability to stay both strategic and responsive. Adonis raised a $31 Million Series B in June 2024, bringing the total amount raised to $54 Million since the company’s founding in 2022. Adonis works with leading providers across a range of specialties, from orthopedics, to emergency medicine, dental, behavioral health, women’s health, and more.

Quick facts on the 2024 Digital Health 50:

• $3.5B in equity funding raised over time, including more than $1.5B in 2024 so far (as of 11/14/2024)
• 72% of winners are building AI products, addressing everything from drug development to treatment selection to clinical documentation
• 56% of winners are early-stage companies (seed or Series A)
• Winners from 9 countries across the globe: the United States, Germany, Canada, Israel, South Korea, the United Kingdom, New Zealand, Belgium, and France
• 200+ business relationships since 2022, including with industry leaders like Nvidia and Kaiser Permanente

About CB Insights
CB Insights is an AI super analyst for market intelligence. It delivers instant insights that help you bet on the right markets, track competitors, and source the right companies. This AI super analyst is powerful because it is built on the validated database of companies and markets that CB Insights is famous for. To learn more, please visit www.cbinsights.com.

Contact:
[email protected] 

About Adonis
Adonis is a Revenue Intelligence and Automation Platform, built for Healthcare, solving for operational challenges that impact the integrity of revenue cycle management. On average, Healthcare providers are unable to collect 15% or more of the revenue they are owed. This is a result of compounding fractures in traditional RCM; a series of people, processes, systems, and tools are collectively responsible for this dilemma. Powered by data science and automation, Adonis provides solutions to address the common issues and areas of susceptibility within RCM to create better, more reliable revenue outcomes. No matter where you are in your revenue cycle journey, we can help you take a step in the right direction to achieve your revenue potential. Learn more at adonis.io.

Contact:
Dan Murdoch
[email protected]

SOURCE Adonis

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The bananaz AI copilot and design change management platform is transforming the design and manufacturing sector, saving companies time, reducing costly errors, and streamlining complex workflows.

TEL AVIV, Israel, Dec. 3, 2024 — bananaz, an innovative platform redefining design change management for R&D and engineering teams, today announced its official exit from stealth mode backed by $5.3 million in seed funding from leading investors, 10D and Cardumen Capital. This milestone enables bananaz to scale its AI-powered solutions, offering engineering teams cutting-edge tools that eliminate the inefficiencies of traditional design workflows, saving valuable time and money across the entire production process.

bananaz addresses critical pain points for manufacturers, particularly for R&D and engineering teams in the validation and review of technical drawings. By leveraging AI and computer vision, the platform automates error detection and manages change across engineering teams and external partners, reducing manual busywork and preventing costly mistakes. From automated drawing and 3D CAD model comparison to real-time collaboration, bananaz empowers engineering teams to optimize every aspect of their workflows.

“Today’s manufacturing landscape is becoming more complex and fast-paced. We built bananaz to help companies catch issues early in the process, minimize rework, and ensure that products meet the highest quality standards,” said Or Israel, CEO of bananaz. “We’ve been astonished at how effectively bananaz has enabled teams to cut down on design time and costs, empowering R&D and engineering teams to move faster and with greater confidence. Our platform transforms how they manage design changes at every stage of production without sacrificing accuracy or security.”

Why AI-Driven Design Change Management is Key to the Future of Engineering

As the manufacturing industry evolves, the integration of AI into design workflows has become essential to remaining competitive. bananaz enables engineers to make faster, more informed decisions by automating traditionally manual processes, such as design validation, change tracking, and error detection. This drastically reduces the risk of production delays, rework, and product recalls, which have long plagued the industry.

According to industry experts, the manufacturing sector is increasingly embracing AI-driven technologies as a foundation of Industry 4.0 to maintain a competitive edge. AI’s ability to predict potential issues early in the product lifecycle can prevent expensive errors that would otherwise go unnoticed. With bananaz, manufacturers are front-loading risk discovery, leading to better product quality and faster time to market.

Integrating AI into design workflows not only streamlines operations but also ensures that companies can maintain compliance with evolving industry standards and regulations, including the growing focus on sustainability and traceability. By offering real-time collaboration tools, valuable AI insights based on industry standards such as ISO and ASME, and seamless CAD/PDM integration, bananaz helps companies manage these challenges efficiently while reducing operational costs.

The manufacturing industry, where 30% of engineering time is lost to manual reviews and 20% of revenues are eroded by design errors, benefits significantly from bananaz’s AI-driven solution. The platform can reduce design review times by up to 90%, eliminating undetected drawing errors, and saving companies millions in rework and recalls.

Adi Dangot Zukovsky, Partner at 10D, commented: “bananaz is uniquely positioned to address some of the most pressing challenges in manufacturing today. Their platform has the potential to revolutionize workflows and reduce costly errors that impact production timelines and bottom lines.”

Gonzalo Martínez de Azagra, General Partner at Cardumen Capital, commented: “It is rare to see an industry so ripe for disruption with customers also ready to accept it. bananaz brings product development and technical drawings to the 21st century with its AI native collaborative platform.”

About bananaz

bananaz is an AI-based platform designed to transform the way companies manage design changes with its powerful AI copilot and comparison tools. By leveraging advanced AI and computer vision technologies, bananaz automates the most time-consuming aspects of the design process from initial concept to final delivery. The platform enables engineering teams to reduce errors, improve collaboration, and streamline workflows while ensuring data security. With seamless integration into existing CAD and PDM systems, bananaz empowers engineers to work smarter and faster without disruption. For more information, visit www.bananaz.ai and on LinkedIn.

Media Contact:

Nina Gill
PR for bananaz
[email protected]

SOURCE bananaz

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Decarbonization Partners leads the Series D round of funding to scale ConnectDER’s portfolio of residential electrification solutions.

PHILADELPHIA, Dec. 3, 2024 — ConnectDER, a leading innovator in resilient home energy technology, has secured $35 million in Series D funding to accelerate its market expansion and product innovation. The round was led by Decarbonization Partners, a partnership between BlackRock and Temasek, with participation from MassMutual Ventures, both new investors. Existing investors Avista Development, Clean Energy Ventures, Energy Innovation Capital, Evergy Ventures, LG Technology Ventures, and Zoma Capital also participated.

This funding marks a pivotal milestone as ConnectDER unveils its next-generation Meter Socket Adapter (MSA), the ‘IslandDER™’, designed to seamlessly integrate with the utility grid, and enable islanding of solar, battery storage, electric vehicles (EVs), and other distributed energy resources, providing whole-home backup and resiliency.

“We are excited to partner with ConnectDER, which has built an elegant solution that solves a major adoption pain point for customers, enabling and accelerating affordable home electrification in North America,” said Dr. Meghan Sharp, Global Head and Chief Investment Officer of Decarbonization Partners. “We look forward to supporting the ConnectDER team as they continue executing on their growth journey.”

“With this latest Series D funding we’re poised to not only expand our existing markets but also our offerings by bringing a transformative solution for energy storage systems to the market,” said Ivo Steklac, CEO of ConnectDER. “Our forthcoming IslandDER enables homes to disconnect and reconnect from the grid enabling customers to harness stored energy from solar plus battery systems or EVs providing innovative backup power and resilience to market at an incredibly competitive cost point.”

This transformative approach is endorsed by Blue Raven Solar, a company committed to simplifying the path to renewable energy for homeowners. “At Blue Raven Solar, we prioritize operational excellence and an outstanding customer journey,” said Chris Lundell, interim Chief Executive Officer. “Leveraging innovative technologies and solar equipment like ConnectDER adapters allows us to streamline installation timelines, reduce complexity, and deliver reliable, affordable renewable energy solutions that enhance the homeowner experience from start to finish.”

In the U.S., 60 million homes lack the capacity for solar, EV-charging, or resilient energy solutions without costly equipment upgrades¹. ConnectDER’s products are installed in minutes and cost 10%, or less, of the cost of upgrading a home’s service panel and/or utility interconnect, thus removing a critical barrier to adoption and creating jobs through accelerated deployment and customer benefit realization.

By simplifying interconnections, ConnectDER’s products reduce training complexity and installation errors, and create opportunities for entry-level positions, driving domestic job growth. The corresponding accelerated deployment and cost reductions also expand the pool of financially viable projects thereby growing the industry.

ConnectDER plans to use this investment for market expansion, scaling manufacturing, and continued product innovation – areas that will reduce consumers’ energy costs, unlock domestic career paths, and enhance U.S. competitiveness. With over 25,000 adapters in operation and approved for use in many states ConnectDER expects to be selling nationwide in the next few years and invites stakeholders to join its mission of delivering affordable and resilient energy solutions.

About ConnectDER
ConnectDER unlocks the massive potential of Distributed Energy Resources (DERs) by turning an electricity meter socket into an all-in-one interconnection point for solar, battery storage, electric vehicle charging, and beyond, directly benefiting the user, the grid, and the environment. Our solutions accelerate interconnection, enhance safety, and eliminate typical installation costs such as in-home wiring and service panel replacements. The Company is currently approved to sell its solution in over 20 states currently covering over 16 million households. For more information, visit www.ConnectDER.com.

About Decarbonization Partners
Decarbonization Partners is a joint venture between Temasek and BlackRock focused on late-stage venture capital and early growth private equity investing in next-generation companies that provide solutions and technologies to help accelerate global efforts to achieve a net zero global economy by 2050. Decarbonization Partners combines Temasek and BlackRock’s complementary platforms and expertise in sourcing and underwriting private investments, portfolio and risk management, and sustainable technology and analytics. Decarbonization Partners invests in a wide range of companies that have proven technology and need capital to scale. The partnership attracted $1.40 billion in capital from a diverse set of over 30 institutional investors across North America, Europe and Asia Pacific. To learn more, visit www.decarbpartners.com

About MassMutual Ventures
MassMutual Ventures (MMV) is a multistage global venture capital firm investing in financial technology, enterprise SaaS, healthtech, climate technology and cybersecurity companies. With teams based in Boston, London, and Singapore, MMV manages over $1 billion in investment capital across the globe. We help accelerate the growth of the companies we partner with by providing capital, connections and advice. With our deep expertise and extensive network, MMV helps entrepreneurs build compelling and scalable companies of value. For more information, visit www.massmutualventures.com.

Media Contact: Megan Fleming
Director of Marketing and Communications
[email protected]
215-266-3572

¹ Source: Rewiring America

SOURCE ConnectDER, Inc.

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