Funding strengthens Subeca’s position as a leading provider of affordable smart water infrastructure and accelerates utility adoption across North America

CARY, N.C., Oct. 12, 2026 — Subeca today announced approximately $3M in additional funding to further deliver hardware and software solutions for utility metering and net-zero sustainability metering. The Series A-2 was led by Burnt Island Ventures, the most active venture investor in the global water industry, with participation from Cycle H2O, a leading water technology venture fund, and SUEZ, a global water technology company, and several additional investors.

“Plenty of companies talk about disrupting the water industry. We’re actually doing it, and we’re doing it for the utilities and operators where legacy solutions have proven too complex and too costly. This funding fuels our rapid growth and our commitment to bringing real-time meter data to small and medium-sized utilities and hyperscalers, because every water provider deserves the tools to serve its customers and meet its sustainability goals,” said Anne Mushow, Chief Executive Officer of Subeca.

“We see the billion dollar opportunity around an unmet need for affordable smart meter infrastructure and AI-native software. Subeca is now live across 23 communities offering its bundled smart meter plus software package. We are so impressed with Anne and her team as they continue to impress as they deliver on their vision of smart water meters for all,” said Christine Boyle, General Partner at Burnt Island Ventures.

Subeca’s differentiated offering provides simple, easy-to-deploy options for the more than 51,000 utilities and businesses in the US that have been locked out of the benefits of advanced metering technology due to the cost and complexity of legacy technology solutions. Produced in Cary, North Carolina, Subeca’s communication module utilizes Amazon’s Sidewalk network, a free communications network that covers more than 90% of the US population as well as parts of Canada and Mexico, to help customers proactively manage water infrastructure and detect and resolve water leaks early.

The investment further strengthens Subeca’s existing ecosystem of strategic water industry partners. Since its Series A financing, the company has built relationships with leading organizations across water technology, digital infrastructure, and utility operations, creating a strong foundation for future growth.

In addition to providing growth capital, new investor Cycle H2O brings a uniquely strategic combination of investment expertise, industry relationships, and commercial networks focused exclusively on the water sector. Through its close partnership with H2O Innovation, one of North America’s leading water solutions providers, Cycle H2O offers Subeca access to a broad network of municipal and industrial water customers, technical expertise, and market development opportunities.

“We are proud to support Subeca, whose platform addresses one of the most important challenges facing the water sector: making digital water management solutions accessible and affordable for utilities of all sizes. Through Cycle H2O, under Simon Olivier’s leadership, we are pleased to join as a new investor in Subeca’s practical, scalable innovation. Their technology, which helps utilities detect leaks, conserve water and cut operating costs, aligns perfectly with our thesis of backing technologies that accelerate the sustainable transformation of essential industries,” said Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital.

Subeca’s 2024 Series A raised $6M led by SUEZ, with additional investment by Burnt Island Ventures and Amazon’s Climate Pledge Fund, Amazon’s sustainability-focused corporate venture fund.

SOURCE Subeca

Senior appointment underscores the firm’s continued focus on enhancing technology and data capabilities to support investment platform evolution

DALLAS and NEW YORK, Oct. 12, 2026 — Canyon Partners (“Canyon”), a $30 billion global alternative investment manager, today announced the appointment of Chris Hansen as Partner and Chief Information Officer.

Based in New York, Mr. Hansen oversees the firm’s technology strategy and infrastructure, including information technology, business technology, engineering, data architecture, and the integration of artificial intelligence and alternative data across Canyon’s investment platform. He will work closely with Canyon’s investment and operating teams to further integrate technology and data across investment research, underwriting, portfolio management, and firmwide operations.

Mr. Hansen joins Canyon from TPG Angelo Gordon, where he served as Managing Director and Head of Product and Application Development. During his twelve-year tenure at the firm, he led the modernization of the firm’s technology stack, including its cloud migration and the rebuilding of its portfolio analytics platform. Mr. Hansen also drove the early adoption of AI and alternative data across the firm. Prior to TPG Angelo Gordon, Mr. Hansen was Managing Director for Global Markets Electronic Trading Technology at Bank of America Merrill Lynch.

“Chris brings to the firm significant experience at the intersection of technology and investment management,” said Jonathan Kaplan, Co-Chief Operating Officer. “Technology and data are integral to our investment process, helping our teams identify opportunities, evaluate risk, and deliver value for clients. We are excited to welcome Chris to Canyon and look forward to further leveraging his expertise across the entire platform.”

About Canyon Partners, LLC

Founded in 1990, Canyon employs a deep value, credit intensive approach across public and private corporate credit, asset-backed credit, and real estate. The firm seeks to capture excess returns available to those investors with specialized expertise, rigorous research capabilities, and the ability to underwrite complexity. Canyon invests on behalf of a broad range of institutions globally. For more information visit www.canyonpartners.com.

Media Contact
Canyon Partners
[email protected]
203-745-2523

SOURCE Canyon Partners, LLC

Following US$26 million in funding from lead investors Luminous Ventures and Huaqin, Mistlabs’ CEO Peter Mo introduces ambient AI that runs in real-time, setting the stage for AI-to-AI communication between independent AI devices

SAN FRANCISCO, Oct. 12, 2026 — Mistlabs, a U.S. developer of cross-platform ambient intelligence technologies, is launching Ambi. Launching out of beta on Apple devices, Ambi is a groundbreaking ambient intelligence system that conducts real-time reasoning, followed by agent-to-agent communication between AI-enabled devices in the coming months. Ambi’s launch follows US$26 million in Pre-A funding led by Luminous Ventures and Huaqin, which will fund the development of Mistlabs’ standalone AI wearable.

Mistlabs CEO Peter Mo has led the creation of a new kind of ambient intelligence system. Initially available on Apple devices, with the company’s self-developed AI wearable set to follow later this year, Ambi acts less like a summarizer and more like an always available live counsel that users can carry with them.

Because each Ambi develops an independent understanding of its user across multiple devices, the company aims to use the new capability of agent-to-agent communication to exchange relevant context and coordinate with other Ambi agents on their users’ behalf. This will extend to real-time negotiations during meetings, where AI agents of each respective Ambi user can communicate with one another, within the guideline of user-granted permissions. Ambi will identify where their respective users’ priorities align and help negotiate toward mutually acceptable outcomes as the conversation unfolds automatically and in real-time.

“Most AI platforms today are built around completing tasks, but Ambi is our first step toward answering a different question: what happens when AI can understand, reason and act in real time? What entirely new use cases have become possible?” said Peter Mo, CEO of Mistlabs. “We’re moving beyond AI that simply waits for a prompt. Ambi introduces real-time reasoning and actions that can happen sometimes before the user even thinks to ask; and in the coming months it will extend to mediating between users and maintaining intelligence across platforms.”

Real-Time Ambient Intelligence That Thinks Ahead
Rather than simply waiting for a question and delivering an answer, Ambi builds a contextual understanding of the user throughout their day continuously across multiple devices. This enables it to identify opportunities to proactively deliver an outcome.

Ambi’s ‘Routine’ feature calls on multiple agents to conduct a recurring task. When used, for example, during a meeting about competitors, Ambi will independently analyze and fact check the conversation while it happens. In parallel, even before a meeting finishes, Ambi may have cross-referenced competing products, and organized the information into a draft proposal to present from the user’s MacBook. It anticipates next steps and actions for the user to consider, moving the project forward before the follow-up meeting.

Even if the user is no longer actively thinking about the project, the same intelligence can continue working beyond the meeting. It recognizes irregularities, missing information or new developments throughout a project’s lifecycle and proactively flags what may require attention to keep work moving forward and keep them on task. These insights are retained in Ambi’s memory, allowing its understanding, routines, and ongoing actions to carry seamlessly from one device to another, be it a MacBook, Apple Watch, or an iPhone.

Developing Contextual Intelligence for the Future of Agent-to-Agent Communication
Ambi builds context by observing and recapping relevant conversations and activities across supported platforms and devices, while developing an understanding of the user that is retained in memory, from their preferences and priorities to how they communicate and work. This deeper understanding enables Ambi’s AI agent to act on the user’s behalf in real time, serving not only as an assistant, but also will be further expanded into acting as a collaborator or mediator in the following months.

When two independent users with Ambi-compatible devices are in the same meeting, their respective agents can communicate with one another, each drawing on its understanding of its own user. This enables the agents to identify where priorities align, surface potential points of disagreement and suggest outcomes that better account for the needs of both sides.

From Cross-Device Intelligence to a Purpose-Built AI Wearable
While Ambi today is focused on delivering contextual ambient intelligence across Apple devices compatible with iOS 18 or Macs, it is designed with user privacy in mind, with audio not stored by default.

More broadly, Ambi represents a move beyond an AI landscape largely centered on task management, summarization and one-off recommendations. Rather than simply telling users what happened or what they should do next, Ambi’s live counsel in your pocket understands situations as they unfold, providing guidance in real time and taking action on the spot when appropriate.

Ambi’s Future Hardware Development Plans
Ambi is also developing its own wearable AI hardware, designed to give its ambient intelligence a richer understanding of the user and the context surrounding them. “While we’re starting with the iPhone, Apple Watch, MacBook and Mac, our move into standalone hardware sets the stage for Ambi’s intelligence to extend across entirely new device types in the future,” said Mo.

By extending beyond existing devices into purpose-built cross-platform hardware, Ambi can build an even deeper contextual understanding over time of the user and the context surrounding them. This additional context can make its memory, recommendations and routines more personalized and useful over time.

To download Ambi visit: https://www.ambi.ai/download/
To waitlist for Ambi visit: https://www.ambi.ai/waitlist/
To access the press kit, visit: Ambi Press Kit 

About Mistlabs
Headquartered in San Francisco, Mistlabs‘ CEO Peter Mo is the developer of Ambi, a cross-platform ambient intelligence platform that reasons and outputs recommendations in real-time. Launched first on Apple devices including the iPhone, Apple Watch, Mac and MacBook, Ambi is also set to expand into wearable AI devices. Mistlabs has raised US$26 million in Pre-A funding, led by notable investors including Luminous Ventures and Huaqin Technology.

To learn more about Mistlabs Limited visit: https://www.ambi.ai/

Media Contact:
[email protected]

SOURCE Mistlabs Limited

SPRINGFIELD, N.J., Oct. 12, 2026 — United Window & Door Manufacturing, Inc. (“UWD”), a leading manufacturer of vinyl windows and doors based in New Jersey, today announced it received a strategic growth investment from The Sterling Group (“Sterling”), an operationally focused middle market private equity firm. Sterling’s investment will support the company’s expansion into new geographies and the broader enhancement of service levels, which include building a planned state-of-the-art manufacturing facility in Tennessee. Howard Rose and Nick Derrico, Co-Founders of UWD, will continue to lead the business.

United Window & Door is one of the largest and fastest-growing regional manufacturers of high-quality vinyl windows and doors in North America. Founded in 1988 by Howard Rose and Nick Derrico, UWD serves over 2,000 points of distribution and is known for innovation, exceptional service, and operational excellence.

“We believe Howard and Nick have built an exceptional business with a history of consistent growth and tremendous upside potential,” said Kent Wallace, Partner of The Sterling Group. Johann Friese, Director of The Sterling Group, added, “We look forward to collaborating with the UWD team as they execute their strategic plan, including scaling the company’s manufacturing footprint with the planned Tennessee plant as well as other geographic expansion projects. We are pleased to support UWD’s continued success.”

“We are excited to partner with Sterling as we enter UWD’s next phase of growth,” said Howard Rose, Co-Founder of United Window & Door. “This investment will enable us to pursue our strategic initiatives, including extending our reach while maintaining the operational excellence that our loyal customer base has come to expect.”

“Sterling is the ideal partner as we look to the future and expand our capabilities and geographic footprint to serve our customers more effectively,” added Nick Derrico, Co-Founder of United Window & Door.

The Sterling Group has a long history of collaborating with families, entrepreneurs, and their leadership teams to support the growth of their businesses.

RBC Capital Markets, LLC acted as exclusive financial advisor to United Window & Door. FBT Gibbons served as legal advisor to United Window & Door, and Latham & Watkins served as legal advisor to The Sterling Group.

About United Window & Door

Founded in 1988, United Window & Door is a leading manufacturer of premium vinyl windows and patio doors for residential and light commercial applications. Operating out of three modern facilities in New Jersey, UWD sells through a diverse base of lumber distributors, specialty distributors, and retailers that serve homebuilders and contractors throughout the eastern United States. With a focus on quality, innovation, and service, UWD has historically demonstrated consistent organic growth and strong profitability. For more information, visit www.unitedwindowmfg.com.

About The Sterling Group

Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $1 billion. Sterling has sponsored the buyout of 80 platform companies and numerous add-on acquisitions for a total transaction value of over $28 billion. Sterling currently has approximately $9 billion of assets under management. For further information, please visit www.sterling-group.com.

Past performance is no guarantee of future results and all investments are subject to loss. Forward-looking statements reflect current intentions only and are subject to change without notice. No assurance can be given that the objectives or results described herein will be achieved.

SOURCE United Window & Door Mfg. Inc.

Backing from semiconductor and manufacturing leaders will scale Flexcompute’s research toward AI that understands the laws of physics, not just patterns in data

BOSTON, Oct. 12, 2026 — Flexcompute, the physics company, today announced strategic investment from Samsung Ventures and Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc., among other investors. The funding will accelerate Flexcompute’s work on the Physics World Model: AI that predicts how any design will behave in the real world by learning the laws of physics themselves, from a chip package warping under heat to a spacecraft reentering the atmosphere. Details of the investment were not disclosed.

Today’s AI learns from the past: text, images, simulation results. Flexcompute takes a different approach. Its team of more than 70 PhDs has built CFD, electromagnetic, structural and thermal solvers from the ground up on GPUs. Through Tokenized Physics, Flexcompute builds both neural networks and first-principles physics directly into the Physics World Model, so every prediction obeys the same conservation laws as the physical world and stays accurate on designs, even ones the model has never seen.

“AI is changing how products are designed, but those products still have to obey the laws of physics,” said the representative of Samsung Ventures. “Flexcompute is building AI that understands those laws, not just the data. We believe the Physics World Model will shape how the next generation of hardware is developed.”

The approach is already solving problems that traditional simulation cannot reach. For a full advanced semiconductor package, with more than 800,000 solder joints, an ASIC, and 32 optical engines, Flexcompute solved a 5-billion degree-of-freedom (DOF) warpage model within 2% of commercial finite-element results in minutes.

“Every industry is racing to put AI to work on real engineering problems, and the limit is how quickly each one can be validated against the laws of physics,” said Yu Cao, Chief AI Officer of Applied Materials. “Flexcompute has built something unique: simulation fast enough to keep pace with AI and rigorous enough for production decisions. In advanced manufacturing, that means more of the design cycle happens digitally, saving time and cost.”

Customers access the Physics World Model today through Physics Twins: models of their own products that engineers and AI agents can question, test and optimize before anything is built. Engineers set the objective and approve the result, agents run the iterations, and physics governs what works.

“Language models learned the world from text. Hardware is governed by laws, not text, and no amount of data substitutes for them,” said Vera Yang, Co-Founder and President of Flexcompute. “We are building the verification layer between bits and atoms: a Physics World Model any engineer or AI agent can ask whether a design will work, before it is built. Samsung and Applied see what we see: the next leap in AI comes from understanding the physical world.”

Flexcompute will use the investment to grow its research team, scale GPU compute, and extend the Physics World Model across fluids, electromagnetics, structures, heat, and multiphysics couplings.

About Flexcompute
Flexcompute is a frontier AI lab building a Physics World Model that bridges data-driven AI and the laws of physics. Founded by researchers from Stanford and MIT, its team of more than 70 PhDs develops GPU-native solvers for fluid dynamics, electromagnetics, structures, and heat. Through Tokenized Physics, Flexcompute builds both neural networks and first-principles physics directly into its Physics World Model. This creates a verification layer that grounds AI predictions in trusted physics and helps engineers and AI agents evaluate how designs will perform before they are built. Engineering teams at more than 250 companies across aerospace, automotive, semiconductors, photonics, and advanced manufacturing use Flexcompute to evaluate, explore, and optimize designs, allowing them to innovate with confidence. Learn more at flexcompute.com.

About Samsung Ventures
Samsung Ventures is the corporate venture capital arm of Samsung, investing globally in early and growth-stage technology companies across semiconductors, AI, and advanced manufacturing.

About Applied Ventures
Applied Ventures LLC is the venture capital arm of Applied Materials, Inc., the global leader in materials engineering solutions for the semiconductor industry. Applied Ventures invests in companies developing technologies that advance semiconductor and display manufacturing.

Media Contact
Silvie Casanova
Flexcompute
[email protected]

SOURCE FlexCompute Inc.

SWI Group anuncia una ampliación de capital institucional de 800 millones de euros, con una valoración final de 6.100 millones de euros, para acelerar la expansión de su infraestructura de IA y plataforma de computación transatlánticas

SINGAPUR y ÁMSTERDAM, 12 de octubre de 2026 — SWI Group (“SWI”; SWICH), empresa cotizada en Euronext Ámsterdam, anuncia hoy una ampliación de capital de 800 millones de euros con inversores institucionales.

La ampliación de capital se lleva a cabo mediante la emisión de nuevas acciones ordinarias por parte de SWICH en varias series, elevando el capital social total a 558.399.385 acciones ordinarias. Esto eleva el capital total captado desde marzo de 2026 a más de 1.000 millones de euros.

La operación marca un hito importante en la transformación de SWI Group, al aportar un capital social adicional sustancial para acelerar la consolidación y expansión de su infraestructura digital transatlántica y su plataforma de computación para IA en Europa y Estados Unidos.

Como parte de la transformación anunciada por el grupo, los fondos se destinarán a apoyar el desarrollo y la ampliación de la capacidad de centros de datos y de computación para IA del grupo, incluyendo la infraestructura energética, el despliegue de recursos de computación y la ejecución de su cartera de proyectos a ambos lados del Atlántico.

La ampliación de capital refuerza sustancialmente el balance de SWI Group y dota al grupo de capacidad financiera adicional para ejecutar su estrategia de crecimiento a gran escala, lo que incluye nuevas inversiones en IA y el aumento de su participación en inversiones existentes. Asimismo, amplía su base de accionistas institucionales, mejora la liquidez del mercado e incrementa el capital flotante de la compañía hasta aproximadamente el 20% del capital social.

“Esta operación tiene como objetivo mantenernos al ritmo de los mercados de computación y centros de datos. Contamos con una estrategia clara, una cartera de proyectos considerable y una posición sólida en Europa y Estados Unidos. Nos complace enormemente dar la bienvenida a nuevos inversores que comparten nuestra ambición a largo plazo para el grupo”, declaró Max-Hervé George, fundador y consejero delegado de SWI Group.

Como parte de la operación, se conceden a determinados inversores opciones sobre sus acciones, condicionadas al cumplimiento de hitos de ECM.

El presente comunicado de prensa contiene información que constituye o puede constituir información privilegiada a los efectos del Reglamento (UE) nº 596/2014 sobre el abuso de mercado.

Acerca de SWI Group

SWI Capital Holding Ltd. (www.swi.com), que cotiza en Euronext Amsterdam bajo el símbolo SWICH (ISIN: SGXPZ11CH7U7), es la sociedad matriz de SWI Group. SWI Group opera como una plataforma global de inversión digital, centrada principalmente en inversiones a largo plazo en infraestructura digital. El grupo ofrece soluciones de inversión de primer nivel, impulsando el crecimiento, la resiliencia y la creación de valor a largo plazo en los mercados.

SINGAPORE and AMSTERDAM, Oct. 12, 2026 — Euronext Amsterdam-listed SWI Group (“SWI”; SWICH) today announces an €800 million capital increase with institutional investors.

The capital increase is realized through the issuance of new ordinary shares by SWICH in several series, increasing the total share capital to 558,399,385 ordinary shares. This increases the total equity raised since March 2026 to over €1 billion.

The transaction marks a major milestone in SWI Group’s transformation, providing substantial additional equity capital to accelerate the consolidation and expansion of its transatlantic digital infrastructure and AI compute platform across Europe and the United States.

As part of the transformation announced by the Group, the proceeds will support the development and scaling of the Group’s data center and AI compute capacity, including power infrastructure, compute deployments and the execution of its development pipeline on both sides of the Atlantic.

The capital increase materially strengthens SWI Group’s balance sheet and provides the Group with additional financial capacity to execute its growth strategy at scale, including further investment into AI and increasing its stake in existing investments. It also broadens its institutional shareholder base while enhancing market liquidity and increasing the Company’s free float to approximately 20% of the share capital.

“This transaction is about keeping up to speed with the compute and data center markets. We have a clear strategy, a substantial pipeline and a strong position across Europe and the United States. We are very pleased to welcome new investors who share our long-term ambition for the Group,” said Max-Hervé George, Founder and Chief Executive Officer of SWI Group.

As part of the transaction, certain investors are granted options in relation to their shares conditional on ECM milestones.

This press release contains information which is or may constitute inside information within the meaning contemplated by the Market Abuse Regulation (EU) 596/2014.

About SWI Group

SWI Capital Holding Ltd. (www.swi.com), listed on Euronext Amsterdam under the ticker SWICH (ISIN: SGXPZ11CH7U7), is the holding company of the SWI Group. SWI Group operates as a global digital investment platform with long-term holdings across digital infrastructure as a core. The Group delivers best-in-class investment solutions, driving growth, resilience, and long-term value across markets.

SOURCE SWI Group

The Baltimore-based firm is expanding its ability to serve clients and deliver personalized guidance

CLEARWATER, Fla., Oct. 9, 2026 — Indivisible Partners (“Indivisible”), an advisor-owned growth partnership, today announced that Rosenwald Private Wealth has joined its platform. The Baltimore-based wealth management team led by Beth Rosenwald, Matthew Kunkel, and Leksi Kovalerchik manages approximately $1.1 billion in assets and includes seven advisory team members serving high-net-worth and ultra-high-net-worth individuals and multigenerational families.

The move marks a new chapter for the practice, allowing Rosenwald Private Wealth to operate as an independent advisory firm while continuing to serve clients with the same team and approach that have defined the practice for nearly three decades.

Rosenwald Private Wealth advises clients through a comprehensive planning framework that extends beyond investment management to include retirement planning, trust and estate considerations, charitable giving, risk management, tax strategy, and wealth transfer solutions.

“At the center of this decision is our commitment to serving clients in a way that reflects their evolving needs,” said Beth Rosenwald, Founding Partner of Rosenwald Private Wealth. “Independence allows us to maintain the relationships and planning philosophy that have guided our practice while providing additional flexibility in how we operate and support clients.”

To support this launch, Rosenwald Private Wealth has partnered with Indivisible Partners, which provides operational infrastructure, security, innovative technology resources, family office services, strategic solutions and support while allowing advisory firms to maintain their independence and unique identity.

“Beth and her team have built an exceptional reputation through their dedication to clients and commitment to thoughtful advice,” said John Thiel, Executive Chairman and Co-Founder of Indivisible Partners. “Their focus on trust, stewardship, and multigenerational planning aligns closely with our mission of helping advisors build enduring independent businesses while delivering an extraordinary client experience designed to guide better outcomes.”

As Rosenwald Private Wealth begins this new chapter, its mission remains unchanged: to provide personalized guidance, foster meaningful relationships, and help clients make confident decisions about their future and legacy. The launch reflects both a milestone for the firm and a continued commitment to the clients and communities it has served for years.

About Indivisible Partners

Indivisible Partners is a privately held, independent advisory firm founded by experienced industry leaders and former advisors to redefine what independence can mean for elite advisory teams. The firm combines an innovative, integrated platform with true ownership, high-touch support, and a collaborative culture—empowering advisors to deliver better outcomes for their clients and build lasting enterprise value on their own terms. Indivisible Partners is headquartered in Clearwater, FL, and operates as a federally registered investment advisor. For more information, please visit: www.indivisible.com.

About Rosenwald Private Wealth

Rosenwald Private Wealth is an independent wealth management firm based in Baltimore, Maryland, with investment advisory services offered through Indivisible Partners, LLC. The firm provides comprehensive wealth planning, investment management, retirement planning, estate and legacy planning strategies, and family-focused financial guidance for individuals and multigenerational families. Led by Beth Rosenwald, Matthew Kunkel, and Leksi Kovalerchik, the team is dedicated to helping clients navigate complex financial decisions through long-term relationships, personalized advice, and thoughtful stewardship.

SOURCE Indivisible Partners

Funds will also advance KONST’s Token Factory strategy as the company serves large enterprises through a three-layer model of compute supply, cloud delivery and AI governance

TAIPEI, Oct. 9, 2026 — KONST, a Taiwan-based next-generation AI compute operator, announced that it has raised $30 million Series B funding led by ADATA Technology (TPEx: 3260), with strategic participation from M Mobility, Pegatron Venture Capital, and several other corporate investors.

KONST will use the proceeds to scale up its AI data center buildout across Asia and accelerate its Token Factory strategy, aiming to meet fast-growing enterprise demand for AI adoption.

Series B Round: Strategic Participation from Multiple Corporate Groups

The round’s principal investors come from memory and storage, electrification solutions, and electronics manufacturing, while other participants span energy, semiconductors, and thermal management — groups that are themselves on the demand side of enterprise AI adoption. KONST said that beyond the capital itself, it places even greater value on the synergies its investors offer across industry use cases and customer applications, which will help connect KONST’s services with real-world deployments more quickly.

“This round is about more than the amount raised. What matters most is that we and our investors share the same vision: AI must make its way into how enterprises actually operate, not stall at proof of concept,” said Ben Chang, co-founder and chairman of KONST. “Once AI is part of operations, computing power is no longer a one-time project expense. It becomes essential infrastructure that enterprises rely on every day. Our investors understand this better than anyone, because they are on the demand side, too.”

From Data Centers to Usage Governance: KONST’s Three Layers Turn Compute into a Service

Enterprise demand for AI is shifting from trials by individual teams to routine use across departments, and compute demand is shifting with it, from one-off project procurement to continuous, fluctuating day-to-day consumption. Fixed-capacity provisioning is finding it increasingly difficult to keep pace with variable usage patterns. Meanwhile, as agentic AI matures, workloads are placing higher demands on computing performance, stability, and reliability. Demand is rising in both volume and quality at the same time, which is precisely why AI infrastructure has become so much more important.

The Token Factory concept treats compute as production equipment and tokens as its output. KONST is building toward it in three layers:

At the foundation is compute supply. Konstra AI takes projects from site selection and the buildout of mechanical, electrical, and environmental control systems through to GPU cluster tuning and acceptance, followed by ongoing operations and maintenance. Proceeds from this round will be used to expand its build capacity across Asia.

In the middle is the conversion layer. Glows.ai breaks cluster compute into smaller units that enterprises access with per-second billing, paying only for what they use.

At the top are governance and delivery. Horizon AI’s (k) ATP Token handles this layer, determining who can use what, how much, and how it is charged.

KONST believes this three-layer division of labor also shows how Taiwan’s existing strengths in hardware and supply chains can extend further up the value chain — from manufacturing compute to delivering it.

(k) ATP Token: One Key to Access Every Model and Manage Team Usage

Governance is the most easily overlooked of the three layers, and it is also where enterprise AI adoption often stalls. The problem isn’t that the models fall short; it’s that no one can say clearly which department used which models, how much was spent, or what happened with each request.

(k) ATP Token is designed around the principle of “One key. Every model.” With a single project key, enterprises can connect to every authorized model, without having to negotiate contracts and build integrations with each vendor one by one.

The platform’s four-tier structure — organization, workspace, project and key — allocates quotas down the organizational hierarchy, sets model access at the project level and flags budgets before they are exceeded. The model and usage of every request are recorded in audit logs. For enterprises already operating at scale, (k) ATP Token goes a step further, bringing every model on the platform under one contract and one invoice, with custom contract pricing based on actual usage. KONST emphasized that (k) ATP Token is not a standalone product but the governance foundation built into every AI adoption project. From day one of a proof of concept, cost tracking, permissions, and request logs are already in place, so going live is simply a matter of scaling up traffic.

“Buying GPUs is only the beginning,” said Chang. “You need data centers you can build, compute you can break down finely, and usage you can keep under control. Only when all three layers are connected do you get what we call delivering compute.”

Focused on AI Adoption at Large Enterprises

KONST said Horizon AI focuses on sizable business groups and large organizations. AI adoption at these customers typically involves multiple departments, integration with existing systems, and long-term governance requirements. What they need is not a point solution but a partner that can work alongside them through the entire adoption cycle. Horizon AI has completed deployments for several enterprises and institutions and is conducting needs assessments with large customers across multiple industries.

As its business grows, KONST continues to expand its team, bringing in talent across a range of disciplines to meet increasingly diverse customer needs. To learn more about open positions, visit KONST’s LinkedIn page: https://www.linkedin.com/company/konsttech

About KONST

KONST Co., LIMITED is a next-generation AI compute operator headquartered in Taipei, Taiwan. Through its One KONST brand and strategic partner ecosystem, KONST brings together the capabilities of three brands — Konstra AI, Glows.ai, and Horizon AI — to deliver the complete AI compute value chain as one integrated service. Konstra AI provides compute buildout services for AI data centers, covering end-to-end construction from mechanical, electrical, and environmental control systems to GPU clusters. It also provides equipment operations and maintenance, as well as compute delivery. Glows.ai provides an enterprise-grade GPU cloud platform with per-second billing. Horizon AI is dedicated to AI application adoption and model asset governance. Customers work with one team on one order, whether their needs sit at the compute, platform, or application layer.

Building on Taiwan’s engineering strength and supply-chain advantages, KONST combines capabilities in GPU cluster operations, data center operations and maintenance, cloud platforms, and AI services. Amid the global AI wave, it works with enterprises, developers, research institutions, and international partners to build compute supply that is available, reliable, and sustainably scalable.

Related Links

(k) ATP Token, Horizon AI’s enterprise AI governance platform: https://www.horizon-ai.ai/en/atp

(k) ATP Token console: https://atptoken.ai/

Media Contact
KONST Co., LIMITED
PR Contact: Jora Huang, Chief Public Relations Officer
Email: [email protected]

SOURCE KONST Co., LIMITED