October 6–7 gathering in New York City will spotlight investment in women’s sports, women’s health, founders turned funders, AI, alternative capital and the future of financing women-led companies

WASHINGTON, Sept. 10, 2026 — Women Business Collaborative (WBC) today announced a call for entrepreneurs, investors, corporate leaders and changemakers to register for the 2026 Women’s Capital Summit, taking place October 6–7 in New York City.

Designed to move beyond conversation and toward action, the Women’s Capital Summit will bring together women entrepreneurs and the investors, executives and leaders who can help fuel their growth. The two-day gathering will explore how financing is changing, where new opportunities are emerging and what women founders need to build, finance and scale their companies.

This year’s agenda will spotlight some of the most dynamic areas reshaping business and investment, including women’s sports, women’s health, founders turned funders, artificial intelligence, private equity, debt, M&A and emerging financing models.

“The Women’s Capital Summit is about creating real connections between people with ideas, people building companies and people with the capital and influence to help those companies grow,” said Gwen K. Young, CEO of Women Business Collaborative. “We want participants to leave with more than inspiration. We want them to leave with relationships, knowledge, opportunities and momentum.”

Among the Summit’s featured conversations will be discussions examining the rapidly evolving business of women’s sports and why investors are increasingly seeing women athletes, teams, leagues and related businesses as significant growth opportunities.

The Summit will also spotlight the growing women’s health economy, bringing together leaders from Systole Health, Incora Health, Cubismi and Osteoboost to explore the opportunities and challenges shaping this rapidly evolving sector. Moderated by Jessica Federer, Managing Director of The Women’s Health Fund, the conversation will examine persistent gaps in research, funding and access to capital while highlighting solutions that improve women’s health outcomes across the lifespan.

The “From Influence to Ownership” conversation will examine how women can translate influence into ownership, wealth and greater economic power. The panel will feature Kendra Bracken-Ferguson, Co-Founder of LumiNicole Beauty; Syama Bunten, Principal of Big Delta Capital; Alison Hoffer, Founder of The Eighteen Percent Fund; and Coco Sellman, Founder & CEO of A Force for Good, with Tuti Scott, President and Founder of Changemaker Strategies, serving as moderator. Together, they will explore how women are building wealth, backing founders and creating greater influence across the capital ecosystem.

The agenda will also explore the broader financing landscape beyond venture capital, with leaders across angel investing, venture capital, debt, private equity, family offices, strategic capital and alternative funding models. Programming will include Capital Matchmaking, the Women’s Capital Marketplace, interactive discussions and networking designed to foster meaningful connections between founders and funders.

The Summit will feature a distinguished group of founders, investors, CEOs and business leaders, including Sophia Bush, alongside experts working across finance, entrepreneurship, technology, health, sports and corporate leadership.

“The capital ecosystem is changing quickly,” Young added. “Women entrepreneurs need access not only to capital, but to the people, information and networks that can help them identify the right capital at the right time. The Summit is designed to put all of those pieces in one room.”

The 2026 Women’s Capital Summit will take place October 6–7 in New York City. Entrepreneurs, investors, corporate leaders and organizations committed to expanding access to capital for women are encouraged to register now.

About Women Business Collaborative

Women Business Collaborative is building a more prosperous world by strengthening pathways and removing barriers for women leaders through impactful networks, valuable resources, and acceleration support. Through collaborative action, research, programs and partnerships, WBC works across industries to drive systemic progress for all women in business.

Registration

To learn more and register for the 2026 Women’s Capital Summit, visit the Women Business Collaborative website.

SOURCE Women Business Collaborative

Funding will support the Asimov silicon tapeout and Titan system production ramp, following Positron’s 50-plus-rack Atlas deployment at Oracle Cloud Infrastructure

RENO, Nev., Sept. 10, 2026 — Positron AI, the AI inference hardware company built to make serving AI models dramatically cheaper and more energy efficient, today announced an $875 million Series C financing at a $5 billion post-money valuation. The round was co-led by NEA, Atreides Management, Valor Equity Partners, Andra Capital, Dylan Patel’s SemiAnalysis Capital and Jim Clark, the founder of Silicon Graphics and Netscape. As part of the financing, Forest Baskett of NEA, Gavin Baker of Atreides Management, Thomas Jermoluk from Jim Clark Office and Dylan Patel will join Positron’s board of directors.

AI’s center of gravity is shifting from training models to running them. Every agent, assistant, and copilot runs on inference, and serving that demand at scale is increasingly constrained by memory capacity, memory bandwidth, and power. Positron builds memory-first inference systems designed around those constraints. Its next-gen systems realize more than 90 percent of their available memory bandwidth, are built on commodity LPDDR5X memory that sidesteps constrained HBM and CoWoS supply chains, and deliver leading tokens per dollar and tokens per watt. Because the architecture is highly energy efficient, Positron’s products can be deployed in air-cooled or liquid-cooled data centers operating at varying rack densities.

“Speed matters in this market, both in how quickly we ship new generations of silicon and in how quickly they reach customers. Deploying Atlas at scale taught us an enormous amount about what inference customers actually need, and we have carried those lessons directly into Asimov and Titan. Our focus now is to tape out Asimov, bring Titan to production, and scale manufacturing to meet the demand in front of us. This financing gives us the resources to do exactly that,” said Mitesh Agrawal, CEO of Positron AI.

Positron is deploying more than 50 racks of Atlas, its first-generation inference system, at Oracle Cloud Infrastructure. Parasail, a key partner, utilizes that capacity to power its own inference service. Additional Atlas production customers include Jump Trading and i3d.net.

The round and what the capital funds

The financing was raised in two tranches. The Series C, $375 million at a $3.5 billion pre-money valuation, was co-led by NEA, Andra Capital, Atreides Management, Valor Equity Partners, and Dylan Patel’s SemiAnalysis Capital. The Series C-1, up to $500 million, was led by NEA and Jim Clark. Additional investors include DFJ Growth, Qatar Investment Authority (QIA), Resilience Reserve, Arena Private Wealth, Natural Capital, Helena, 1517 Fund, Flume Ventures, Unless, Boardman Bay Capital Management, Fincadia Advisors, Banyan Ventures and U First Capital alongside strategic investors VentureTech Alliance, Hudson River Trading, Cisco Investments and Naver Ventures.

The financing will fully fund the tapeout of Asimov, Positron’s next-generation silicon; the bring-up of a 2 MW+ engineering data center and emulation platform; and the production ramp of Titan, Positron’s next generation inference system, including LPDDR5X supply commitments, production capacity, system integration, and go-to-market expansion. Asimov tapes out on TSMC N3P at the end of 2026, with production in the second half of 2027, and pairs Positron’s compute architecture with 288 GB to 2,304 GB of memory per chip. Titan combines four to eight Asimov chips into a single system, designed to serve models beyond 16 trillion parameters and context windows beyond 10 million tokens in a single node, scaling to thousands of nodes.

Additional quotes

“We spend our lives measuring what AI hardware actually delivers in production, and most inference economics struggle under that scrutiny. Positron’s architecture addresses the real constraint, memory, without depending on HBM or advanced packaging for its next-generation systems, and the team has already banked real deployment experience with its first generation inside Oracle. That is why I am investing and joining the board,” said Dylan Patel, founder and CEO of SemiAnalysis Capital, who joins Positron’s board of directors as part of the round.

“Positron is solving the constraint that actually matters right now. While the rest of the industry is racing to secure scarce HBM and packaging capacity — even Nvidia’s Rubin Ultra roadmap has had to scale back, from a terabyte of HBM4E down toward 192GB, simply because the supply isn’t there — Positron built Asimov and Titan to sidestep that dependence altogether. That’s not incremental, that’s a fundamentally different bet, and they’ve already proven they can execute on it: Atlas is running at scale inside Oracle’s cloud today. We led this round because we believe Positron is making the boldest memory-first bet in AI hardware. We couldn’t be more excited to back Mitesh, Thomas and the team as they bring Asimov and Titan to market,” said Forest Baskett, Partner, NEA.

“The Positron inference architecture balances compute, the enormous required memory bandwidth and extraordinarily large context and weight storage. Its optimized power consumption, cost and density is near ideal for inference requirements of the next evolution of Frontier large language models with trillions of parameters,” said Jim Clark, Silicon Graphics Founder and Netscape Co-Founder

“AI inference is emerging as one of the world’s most consequential infrastructure markets and Positron’s memory-first architecture addresses the performance, power and deployment constraints of modern AI systems. We are excited to partner with Mitesh, Thomas and the Positron team as they build the foundational infrastructure for the inference era,” said Paul Tuan, Managing Partner of Andra Capital.

About Positron AI

Positron AI builds hardware and software to make AI inference dramatically cheaper and more energy efficient. The company’s shipping product, Atlas, is deployed at hyperscaler scale today, and its next-generation custom silicon, Asimov, tapes out in late 2026 with production in the second half of 2027. Asimov powers Titan, a multi-terabyte-memory inference system for long-context and next-generation AI workloads. Positron’s energy-efficient architecture allows its systems to be deployed in air-cooled or liquid-cooled data centers at varying rack densities, without dependence on constrained HBM or CoWoS supply chains. Learn more at positron.ai.

Press contact:
Claudia Backus
Head of Marketing, Positron AI
[email protected]

SOURCE Positron AI

SAN FRANCISCO, Sept. 10, 2026 — EasyA announced today that it expects to become a publicly-traded company during 2027.

This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the “Securities Act”) and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.

To learn more about the company, visit the website.

About EasyA

EasyA is the engine powering the world’s leading AI and frontier tech companies. Our mission is to accelerate the development and adoption of the most important frontier technologies.

The EasyA app has over 1 million users and partners with 350+ of the world’s top academic institutions, forming the launchpad for the latest generation of AI applications. Today, the EasyA ecosystem is worth nearly $30 billion, and EasyA has become the trusted partner of the world’s leading AI, Cloud and FinTech companies like Google, Amazon, Coinbase, Ripple and many others.

EasyA is frequently featured in Bloomberg, CNBC, Wall Street Journal, Huffington Post and has won Apple’s App of the Day award. www.easya.io.

SOURCE EasyA

Veteran operator and transformation leader joins Vistria to expand value creation capabilities across the firm’s portfolio

CHICAGO, Sept. 10, 2026 — The Vistria Group, LP (“Vistria”), a middle market private investment firm with deep sector expertise across essential industries, today announced that Jeff Hawkins has joined the firm as Head of the Portfolio Resources Group (PRG). Hawkins brings more than two decades of experience driving operational transformation and revenue growth across technology, healthcare, and professional services companies. Hawkins joins Vistria during a period of significant momentum for the firm following the return of more than $1 billion to investors in 2025. In his role, Hawkins will partner closely with Co-Presidents of Vistria’s Flagship Funds, David Schuppan and Phil Alphonse as well as Vistria’s investment teams to help portfolio companies accelerate growth and create long-term value.

“Jeff brings a rare combination of strategic rigor and hands-on operating experience,” said Kip Kirkpatrick, Co-CEO of Vistria. “He has walked in the shoes of the CEOs and executive teams he’ll be partnering with, and that perspective is exactly what our portfolio companies need as we scale PRG’s impact across the firm.”

Hawkins began his career as an intelligence collections officer in the U.S. Air Force before joining the National Security Agency. He went on to build a career across management consulting, operating leadership, and private equity. Throughout that journey, he served in senior leadership roles at TPG, AON, and Alix Partners and leadership positions at numerous portfolio companies. He has served as COO, President, and CRO, guiding organizations through transformational change and accelerated growth.

“Vistria’s sector-focused approach is built on helping companies execute against their most important strategic priorities,” said Phil Alphonse, Co-President of Vistria’s Flagship Funds and Co-Head of Knowledge & Learning Solutions. “Jeff’s experience driving operational improvement and organizational transformation makes him an ideal partner for management teams across our portfolio.”

Hawkins has led several notable transformations and value-creation efforts, including:

• Serving as interim Chief Revenue Officer at a healthcare services company with $1.3 billion in revenue, where he repositioned the business’s care model against traditional insurance offerings and accelerated growth across both its consumer and enterprise business lines, leading to a successful exit to UnitedHealth Group.
• Stepping in as CEO of a $70 million enterprise technology company, where he led a strategic overhaul of go-to-market strategy, product focus, and international operations, culminating in a 6x return on exit.
• Leading a major product and go-to-market transformation at a real-time operating systems technology company with $300 million in revenue, shifting the business from pursuing new customer logos to deepening penetration within its largest accounts, resulting in a 14x return on exit.

“I’m drawn to organizations that need to build something new, not just optimize what already exists,” said Hawkins. “What I heard from the team at Vistria is that there are real opportunities across the portfolio for the kind of growth transformation work I’ve spent my career on. The timing, and the fit, felt right.”

Hawkins holds an MBA and began his post-military career at Deloitte, where he helped build the firm’s strategy practice from the ground up, before moving to JPMorgan Chase to lead a similar effort within its consumer bank.

“The Portfolio Resources Group is a key part of how we help portfolio companies translate strategy into results,” said David Schuppan, Co-President of Vistria’s Flagship Funds and Co-Head of Healthcare. “Jeff brings a proven track record of leading transformation, driving growth, and partnering with executive teams, making him an ideal leader for the next chapter of PRG.”

As part of the evolution of Vistria’s value-creation platform, Jon Samuels will assume the role of Senior Partner, Chief Impact and Policy Officer. In this position, he will continue to lead the firm’s policy and regulatory efforts, helping portfolio companies navigate an increasingly complex policy environment where legislative and regulatory decisions play a critical role in shaping growth and outcomes. Samuels will also continue to lead Vistria’s impact investment strategy, helping ensure the firm continues to integrate measurable social and economic outcomes into its investment approach.

“As Vistria continues to grow and evolve, Jeff’s leadership will be instrumental in strengthening the operating capabilities we bring to our portfolio companies, while Jon’s leadership will further strengthen our policy and impact platform,” said Martin Nesbitt, Co-CEO of Vistria.

About The Vistria Group

The Vistria Group is building a new kind of private investment firm that seeks to deliver both financial returns and societal impact. It invests in essential industries like healthcare, knowledge & learning solutions, financial services and housing that deliver value for investors as well as communities, employees, and consumers. With $18 billion in AUM, The Vistria Group looks deeper by working as a true partner, drawing on its deep sector knowledge, operational expertise, unique network, diverse team, and impact orientation to achieve transformational growth. For more information, pl

SOURCE The Vistria Group

Investment builds on Tata Elxsi’s use of KAVIA

SAN FRANCISCO, Sept. 10, 2026 — KAVIA AI today announced a strategic investment from Tata Elxsi as part of its seed financing. The investment follows Tata Elxsi’s use of KAVIA and builds on the companies’ July 2025 strategic partnership. Tata Elxsi is also expanding its use of the platform.

KAVIA addresses an enterprise challenge: AI code generation is standard, but dependable, reviewable and validated change across complex software systems remains difficult. Its branch-aware Enterprise Knowledge Graph grounds specifications, code changes, tests, documentation and reviews in shared system knowledge across repositories.

“AI promises to transform software development, but generating code is only one part of delivering software,” said Labeeb Ismail, founder and CEO of KAVIA AI. “The harder enterprise problem is giving AI enough understanding of the system, its requirements and its architectural intent to make the right change. KAVIA is built to understand a software system before changing it.”

From system understanding to trusted software change

KAVIA 2.0 brings system intelligence into developer workflows through a Visual Studio Code extension and CLI. Spec Builder links intent to validation; CodeWiki preserves knowledge; and multi-agent workflows support planning, development, testing, review and modernization. Customer-controlled deployment and model choice support regulated environments.

Strategic validation from Tata Elxsi

“Our engineers work on complex software and product engineering programs across industries. KAVIA differentiates itself by building shared understanding across large, multi-repository systems, beyond isolated coding tasks. Our investment reflects our confidence in the technology and opportunity ahead,” said Nitin Pai, CMO, Chief Strategy Officer and Head – Step.Up program.

KAVIA will use the funding to advance the platform, expand enterprise deployments and increase customer control over infrastructure and model choice.

About KAVIA AI

KAVIA AI is the enterprise software engineering platform for complex codebases, connecting teams through code understanding, workflow automation and validation.

Learn more at kavia.ai.

About Tata Elxsi

Tata Elxsi is a global design and technology leader, driving innovation at the intersection of design, digital, and engineering. With 35+ years of experience across industries, the company delivers end-to-end solutions for automotive, media, healthcare, energy, smart manufacturing and communications—from embedded systems to cloud-native platforms.

Tata Elxsi combines domain-led consulting, full-stack development, and system integration with a portfolio of award-winning AI and GenAI platforms.

By combining AI-first thinking with full-stack product engineering, Tata Elxsi enables organisations to move from GenAI experimentation to scaled deployment—securely, efficiently, and with confidence.

For more information, visit www.tataelxsi.com.

About STEP.UP

STEP.UP is Tata Elxsi’s startup engagement program for deep tech startups, combining co-creation and joint go-to-market engagement with an innovation fund. The program supports founders with strategic investment, engineering and design expertise, and access to global markets. By bridging innovation and commercialization, STEP.UP helps accelerate the journey from breakthrough ideas to industry-scale impact.

For more information, visit https://www.tataelxsi.com/step.up.

Media contacts

KAVIA AI

Anita Ganti
COO
Telephone: +1 408 598 0188
Media inquiries: [email protected]
General inquiries: KAVIA AI Contact Page

Tata Elxsi

Hari Balan / Ayushi Moudgil
Corporate Communications
Telephone: +91 80 2297 9123
Email: [email protected]

SOURCE KAVIA AI

New software cuts R&D tax credit studies from months to hours, as 2025 tax law changes make credits more valuable than ever.

SEATTLE, Sept. 10, 2026 — ZenLedger, a leading blockchain data, tax, and compliance company, today launched ZenTaxCredit- a new software product that helps startups and their accountants claim federal R&D payroll tax credits in hours instead of months.

R&D tax credits have always been slow and expensive to claim. A typical study took months of back-and-forth between a company and its accountants, cost tens of thousands of dollars, and required assembling documentation by hand. Many early-stage companies skipped credits they’d already earned because the process wasn’t worth the time or cost.

The new 2025 Federal tax law now makes full R&D expensing permanent, and companies can look back and file for tax years 2022 through 2025. Qualifying startups can capture up to $1.25 million in federal payroll tax credits. This cash provides immediate, non-dilutive runway. Profitable companies can also pair R&D credits with net operating losses to lower their effective tax rate below the standard 21% corporate rate.

ZenTaxCredit serves startup executives claiming credits directly as well as CPAs and tax professionals running studies for clients. The software imports data from CSV, Excel, and QuickBooks, ADP, and turns it into a usable R&D dataset. Automatic generation of Form 6765, supporting schedules, technical narratives, and audit-ready documentation.

CPA firms get a client management suite built for managing multiple client studies at the same time. R&D studies used to be too time-consuming to offer profitably. ZenTaxCredit changes that math, so firms can offer the service to more clients without adding staff.

“As a startup ourselves, we know how crucial it is to save time and money,” said Pat Larsen, CEO of ZenLedger. “We built ZenTaxCredit to help startups get the cash they’ve already earned, so they can spend it on building instead of paperwork.”

ZenTaxCredit is live now at zentaxcredit.com. Founders and finance teams can self-serve, or work with an R&D tax specialist through the full-service plan. A free trial is available today for startups and CPAs.

About ZenLedger
ZenLedger aggregates transaction data across thousands of exchanges, wallets, and tokens into one dashboard, making it easy to calculate individual or corporate crypto taxes, audits, or conduct investigations. ZenLedger supports over 400 exchanges, 40+ blockchains, 20+ DeFi protocols, NFTs, and all major wallets, helping investors, tax professionals, and enterprises stay compliant. ZenLedger also helps SMBs capture R&D tax credits and helps enterprises manage employee digital asset trading compliance. ZenLedger is backed by Mark Cuban, ParaFi, Bloccelerate, Vestigo Ventures, and other leading venture investors. @zenledger_io

Media Contact

Patrick Larsen
(425) 739-5196‬
[email protected] 
www.ZenTaxCredit.com 

SOURCE ZenLedger

El Fondo II, junto con el capital captado a través de vehículos de inversión complementarios, alcanzó los 680 millones de libras esterlinas en compromisos de capital y respaldará la adquisición y entrega de más de 6.000 viviendas destinadas al alquiler (*build-to-rent* o BTR) en todo el Reino Unido. El Fondo II se encuentra parcialmente invertido e incluye tres importantes complejos residenciales de alquiler en fase de construcción, dos de ellos en Manchester y uno en Basildon.

El cierre exitoso del Fondo II representa un hito importante en la continua expansión de la plataforma de Starlight en el Reino Unido y refleja la confianza de los inversores en la estrategia de la compañía de construir para alquilar (*Build-to-Rent* o BTR), su excelencia operativa y su ejecución disciplinada. El Fondo II atrajo una sólida participación de un grupo diverso de inversores institucionales globales de Europa, la región de Asia-Pacífico y Canadá, incluyendo tanto a socios comanditarios (*limited partners*) actuales como a varios inversores nuevos. A principios de este año, el Fondo también recibió un importante compromiso por parte del National Housing Bank de Homes England, lo que refuerza la alineación de la estrategia con los esfuerzos a nivel nacional para aumentar la oferta de viviendas de alquiler, tan necesarias.

“El cierre exitoso del Fondo II refleja la firme convicción institucional en la estrategia residencial de Starlight en el Reino Unido y la oportunidad que seguimos viendo en el mercado”, afirmó Raj Mehta, presidente de Mercados Globales de Starlight Investments. “Agradecemos el apoyo continuo de nuestros socios actuales y nos complace dar la bienvenida a nuevos inversores a la plataforma. Con el capital comprometido, estamos bien posicionados para seguir ofreciendo viviendas en mercados del Reino Unido que sufren una escasez crónica de oferta”.

“Tras el cierre del Fondo II, nuestro enfoque se centra en la ejecución y en la siguiente fase de crecimiento de nuestra plataforma residencial en el Reino Unido”, afirmó Jonnie Milich, responsable de Residencial en el Reino Unido de Starlight Investments. “Hemos desarrollado una importante cartera de proyectos en desarrollo, contamos con un equipo local experimentado y disponemos de una cartera creciente de comunidades que avanzan a través de las fases de construcción, comercialización y operación. A medida que sigamos impulsando nuestra cartera de proyectos y poniendo en marcha nuevas comunidades, nuestra escala nos situará entre los cuatro principales operadores de viviendas destinadas al alquiler (BTR) del Reino Unido”.

La plataforma más amplia de Starlight en el Reino Unido está dedicada al sector BTR (*Build-to-Rent*), con el objetivo de ofrecer miles de nuevas viviendas en importantes ciudades regionales y en mercados clave del área metropolitana de Londres que experimentan una marcada escasez de oferta de alquiler. Con 12 complejos BTR que abarcan desde el desarrollo hasta la gestión operativa y el arrendamiento activo, la plataforma se centra en ofrecer viviendas de alquiler gestionadas profesionalmente en mercados respaldados por una sólida demanda de alquiler y fundamentos económicos sólidos.

Durante más de tres décadas, Starlight ha sido una firma líder a nivel mundial en inversión inmobiliaria y gestión de activos, ofreciendo resultados sólidos y una gestión responsable en todas sus estrategias inmobiliarias. Starlight continúa ampliando su presencia global, gestionando e invirtiendo en nombre de socios institucionales en varios continentes.

Acerca de Starlight Investments

Starlight Investments es una firma líder a nivel mundial en inversión inmobiliaria y gestión de activos, con sede en Toronto (Ontario, Canadá). Como empresa privada dedicada a la propiedad, el desarrollo y la gestión de activos —con una cartera que supera las 70.000 unidades residenciales y más de 7 millones de pies cuadrados de espacio comercial, y con 30.000 millones de dólares canadienses en activos bajo gestión (AUM)—, Starlight ofrece una variedad de vehículos de inversión que abarcan diversas estrategias inmobiliarias. La misión fundamental de Starlight es equilibrar su experiencia y trayectoria con una curiosidad visionaria para generar un impacto positivo tanto en los inversores como en las comunidades. En Starlight, invertimos generando impacto.

Aprenda más en www.starlightinvest.com o conecte con nosotros en LinkedIn.

Contactos: Raj Mehta, presidente de Mercados Globales, +1-647-725-0498, [email protected]; Jonnie Milich, director de Residencial en el Reino Unido, +44-7930-373-945, [email protected]; Gwen McGuire, directora de Comunicaciones, [email protected]

SCOTTS VALLEY, Calif., Sept. 10, 2026 — Heron Power, an American advanced power electronics manufacturer, today announced a $60 million credit facility provided by J.P. Morgan and TriplePoint Capital, and the appointment of Zach Kirkhorn, former Chief Financial Officer of Tesla, to its board of directors.

The facility follows the $140 million Series B Heron closed in February 2026, co-led by Andreessen Horowitz’s American Dynamism Fund and Breakthrough Energy Ventures.

Heron is converting a 286,000 square foot facility in Morgan Hill, California into Heron Factory One with mass production targeted to begin in late 2027. Heron has identified more than 40 gigawatts of customer interest in Heron Link, its 5 megawatt medium voltage power conversion system.

Kirkhorn has backed Heron Power since its Series A in 2025 and has advised the company on financial and operational topics. He spent 13 years at Tesla and served as CFO through the company’s first full year of profitability and its scale-up of vehicle and battery manufacturing across North America, Europe, and Asia.

“A strong balance sheet and bench of advisors is key as we move from engineering to scale” said Drew Baglino, CEO and Founder of Heron Power. “Our customers plan projects years in advance and need a dependable power conversion partner. By adding Zach to the board, we benefit from his hard-won wisdom navigating the challenging path from 1^st delivered unit to profitability.”

“Having been with Heron since nearly the beginning, as an investor and advisor, I’ve seen firsthand the exceptional capability, experience, and pace of execution of this team,” said Zach Kirkhorn. “Modernizing the grid and reducing the cost of delivering power is one of our most important industrial challenges. It’s terrific to be working with Drew again and an honor to support the team as a member of the board.”

“Heron Power is addressing a key bottleneck in the modern grid: scaling next-generation power electronics that can support faster deployment and reliability as demand grows,” said Julia Grinshpun, Managing Director, Climate Tech at J.P. Morgan Commercial Banking. “J.P Morgan is proud to support Heron’s next phase of growth as the company prepares to ramp manufacturing.”

About Heron Power

Heron Power Electronics Company builds hardware for a better grid, helping the electricity sector grow faster with scalable, reliable and software-controlled infrastructure. Heron’s first product, the Heron Link, enables renewable energy, battery storage, and data center developers to connect directly to medium voltage transmission without a transformer. Led by founder and CEO Drew Baglino, the company designs and manufactures its products in California, combining expertise in power electronics, software, and high-volume manufacturing.

SOURCE Heron Power

Round led by fintech-focused growth-equity firm Ten Coves Capital; BNY, a global financial services company, becomes a strategic investor

NEW YORK, Sept. 10, 2026 — Luminary, an AI-native wealth transfer and administration platform that turns static estate documents into structured, source-verified data powering workflows for financial advisors, trust companies, law firms and accounting firms, today announced it has raised $22 million in Series A funding led by Ten Coves Capital, a growth-equity firm focused on B2B software and fintech. BNY and 8VC — Luminary’s lead investor in its $9.5 million 2023 seed round — also participated, alongside previous investors Fin Capital, Focus Financial Partners, Rockefeller Capital Management’s FinTech Innovation Fund and a number of family offices. The round brings Luminary’s total funding to nearly $32 million.

“Scaling wealth transfer services starts with data that can serve as a single source of truth for advisors and the families they serve. We’re proud to back Luminary as it delivers a platform that helps advisors bring a new standard of care to their clients,” said Steve Piaker, founder and managing partner of Ten Coves Capital. “Trillions of dollars will change hands in the years ahead as wealth passes from one generation to the next, and we believe Luminary is the solution that will give advisors the information and tools to deliver the proactive guidance and support services that their clients expect.”

Led by founder and CEO David Barnard, Luminary was built on the idea that wealth transfer is not a one-time event, but rather a set of ongoing services that will define the future of wealth management. The platform helps wealth, tax, and legal advisors serving high-net-worth families scale ongoing guidance on tax-efficient wealth transfer strategy, trust and entity structuring and administration to keep a family’s strategic plan aligned with its generational and charitable intent. This new capital will help Luminary continue to build on its industry-leading AI capabilities and integrations, push further into administration workflows and add to its commercial team to meet strong, growing demand across the wealth ecosystem.  

“We started Luminary to democratize the kind of advice and service previously accessible only to a select few, family-office clients,” said Barnard. “The AI-era has come along at an ideal time to solve the data and collaboration challenges that have impeded the pace of innovation and limited the delivery of personalized wealth transfer planning and administration services. As access to sophisticated investment and banking products have become more ubiquitous, tax and wealth transfer are the new alpha for high-net-worth clients. We are grateful to our investors who share our vision and are excited to support our customers’ growth and strengthen their client relationships in the years to come.” 

“You hear a lot about the great wealth transfer, but nobody is covering the real story: the fact that the tools built to handle it are decades behind the money. Sophisticated trust and estate strategy has historically been available to the ultra-wealthy on a one-off basis, running on spreadsheets, PDFs and institutional memory,” said Joe Lonsdale, founder and managing partner at 8VC. “Luminary is the infrastructure and data layer that gives advisors the tools for the moment families shift from building wealth to creating a legacy, however they choose to define it.”

Luminary’s platform supports client assets totaling more than $500 billion. Its customers span the high-net-worth wealth management ecosystem, including Caprock, IEQ Capital and Wealth Enhancement Group, as well as leading tax advisory practices, AM Law 100 legal practices and trust companies, who rely on Luminary to deepen client relationships, differentiate their services and scale efficiently.

Powered by human-in-the-loop AI, Luminary creates data from information trapped in static documents and connects it to tools for visualization, reporting, what-if scenario modeling, tracking the value created through tax planning and supporting ongoing trust administration.  Key elements of the platform include Luminary Insights, which surfaces planning opportunities, spots concerns and identifies missing documents; Estate 360, which turns a single document upload into a fully automated, firm-branded estate overview; reporting templates that let a firm build once and scale a standardized output across its full client base; Luminary’s deterministic tax engine, which calculates federal, state, inheritance, and asset taxes; and the estate waterfall, which visualizes legacy planning scenarios and projects outcomes.

Schedule a demo today to learn more about how Luminary helps advisors serving complex clients scale the advice and services that keep a family’s generational and charitable legacy aligned with their intent.

About Luminary
Luminary is domain-specific AI for wealth transfer services. Built on the premise that wealth transfer is not a one-time event but an ongoing set of services — starting with advice and extending through administration and settlement — Luminary transforms static estate and ownership documents into structured, source-verified data that powers scenario modeling, beneficiary outcome and tax modeling, exemption tracking, trust and entity structuring and secure multi-party collaboration. Adopted by leading wealth managers, attorneys, CPAs and trust companies, Luminary helps advisors serving high-net-worth families scale wealth transfer guidance as an ongoing client deliverable — turning insight into client-ready visualizations, tracking tax alpha and keeping each family’s estate plan aligned with its intent. The result is efficiency that drives competitive differentiation and organic growth.

The founding team, led by CEO David Barnard and Joe Lonsdale, brings deep experience in wealth management and software development, and is backed by leading venture capital investors, prominent wealth management firms and family offices. Learn more at withluminary.com.

About Ten Coves Capital
Ten Coves Capital backs high-growth companies across the FinTech ecosystem where its capital, network, and decades of experience can help accelerate growth and value creation. Investing across payments, banking & lending, asset management, capital markets, and insurance & benefits (among other segments), the Ten Coves team has helped scale over 40 companies that are solving industry pain points, enabling workflows, and providing critical infrastructure to the largest financial institutions down to SMBs. For more information, visit www.tencoves.com.

Alpha Public Relations
Will Ruben
[email protected]
847 208 8289

SOURCE Luminary Platforms, Inc.