Fragmentation wastes nearly $1 trillion annually and denies patients timely, high-quality care; Arbiter collapses $100B+ in point solutions into one intelligent care orchestration platform

NEW YORK, Nov. 19, 2025 — Arbiter today emerged from stealth with $52 million in funding and a bold mission: to end healthcare fragmentation by uniting payers, providers, and patients on an AI-powered care orchestration platform. Led by TriEdge Investments and MFO Ventures, together with leading private equity firm WindRose Health Investors and other seasoned operators, this financing values Arbiter at $400 million and underscores investor conviction that healthcare needs a connected infrastructure built for real-time collaboration.

Effective patient care depends on coordination, yet today providers, payers, and patients operate in silos. The fallout is staggering: nearly one trillion dollars in annual waste and patients waiting months or abandoning care altogether. For a patient flagged at high risk for colon cancer, this can mean the difference between early detection and a late-stage diagnosis.

Arbiter ends fragmentation by bringing together data, technology, and stakeholders to close care gaps and intelligently direct next best actions – starting with real-time site-of-care optimization. The platform connects the people and systems that shape every care decision, creating a ripple effect that streamlines coordination and ensures patients move seamlessly from detection to resolution without delay.

“Arbiter’s mission is nothing less than to rebuild the operating spine of U.S. healthcare,” said Michelle Carnahan, co-founder and CEO of Arbiter. “By aligning payers and providers around the needs of patients, we’re transforming healthcare from a fragmented set of parts into a connected system that works for everyone.”

At its core is Arbiter’s Record-Action-Alignment model – a new operating foundation for healthcare. It begins with a longitudinal patient record that integrates clinical, financial, and policy data, then uses AI to automate actions and keep stakeholders in sync as care is delivered.

The company’s first application, real-time site-of-care optimization, is delivered in partnership with a leading national payer and major provider networks. The platform matches referrals to the best-fit provider based on cost, quality, and availability, and automates authorizations, outreach and scheduling. The result is care that moves faster, and more efficiently, with fewer dropped handoffs.

Over time, Arbiter’s AI will move healthcare beyond reactive fixes toward proactive management that anticipates patient needs, and ultimately to predictive intelligence that can forecast disease onset, hospital utilization, and system-wide risk. In the process, Arbiter will reshape the healthcare system from one that responds to problems into one that prevents them.

Arbiter is built and funded by leaders overseeing over $25 billion in annual healthcare payments and millions of patient lives. Its team combines executive leadership from Cigna, UnitedHealth, Kaiser Permanente, One Medical, and VillageMD with technologists from Meta, Apple, Google, and Amazon – a coalition with the experience to understand healthcare’s pain points and the expertise to solve them.

“Healthcare fragmentation isn’t an abstract problem – it’s deeply human,” said Dr. Clive Fields, Arbiter board member and co-founder of VillageMD. “Every delay or missed connection represents a patient waiting for care that should already be underway. Arbiter is uniting the system around them, so care can move at the speed of need.”

For more information, visit: arbiter.ai

About Arbiter

Arbiter is the AI-powered system that connects healthcare. By uniting patients, providers, and payers on one intelligent care orchestration platform, Arbiter ends fragmentation and ensures patients receive the right care, in the right place, at the right time.

Media Contact: [email protected]

SOURCE Arbiter

The San Francisco-based company launches cash management product as part of broader platform expansion

SAN FRANCISCO, Nov. 19, 2025 — Numeric, the AI accounting automation platform, has raised a $51 million Series B round led by IVP, with participation from Menlo Ventures, Founders Fund, Alkeon, 8VC, Socii Capital, Access Industries, Friends & Family Capital, Long Journey Ventures and Fifth Down, as well as Marc Huffman, Former CEO of BlackLine, and Ron Gill, Former CFO of NetSuite. This investment, which brings Numeric’s total funding raised to $89 million, will allow Numeric to expand from close management into a broader compound startup model – delivering a unified data platform for enterprise finance teams.

Alongside the funding announcement, Numeric is launching its cash management product. Accounting for cash is often the most painful step of the close process for enterprises, and it starts with cash matching: the process of reconciling bank transactions with general ledger entries. Legacy tools often deliver match rates below 30%, leaving finance teams to reconcile hundreds or thousands of transactions manually. For growing companies, this can require teams of five or more people dedicated solely to cash reconciliation.

Numeric’s solution achieves a 90%+ auto-match rate; nearly triple the industry standard. Early customers of the new product, including Brex, Public.com, and Clipboard Health, are already eliminating multiple days of manual reconciliation work each month.

The Series B represents a pivotal moment in Numeric’s evolution from a close management solution to a multi-product platform with a shared data core. With three core products now live – Close Management, Analytics, and Cash Management – Numeric is building what CEO Parker Gilbert describes as “the connected platform for finance operations.”

“We started by solving the close, but our vision has always been greater,” said Gilbert. “Each product we build makes the others more powerful. We’re marching toward a future where accounting isn’t manual spreadsheet work but instead is a real-time strategic function. This funding accelerates that timeline significantly.”

“Numeric has consistently demonstrated exceptional product execution and deep understanding of what finance teams actually need,” said Ajay Vashee, General Partner at IVP. “Their ability to expand from close management into analytics and now cash management, while maintaining product excellence across each, shows they’re building something truly differentiated. We’re excited to support their vision for the future of accounting.”

Brex, who piloted the product, saw their match rate jump from 30% to over 90%, enabling their team to dramatically reduce time spent on manual reconciliation work.

“Numeric didn’t have the dream of just a project management tool. Numeric had the dream of a flux analysis product, a cash reconciliation product, the full linking between the ERP system and their platform. And Numeric had the dream of AI,” said Kevin Moore, Controller at Brex. “I think ultimately that implementing Numeric is one of the best decisions I’ve made as controller over my 7 years at Brex.”

Numeric’s platform strategy mirrors successful enterprise platforms like Salesforce and Rippling, which built category-defining businesses by expanding horizontally across related workflows. The company plans to launch additional products throughout 2026 and 2027, each designed to automate a different critical accounting workflow.

Numeric’s approach combines AI for pattern recognition with deterministic code for calculations and human oversight for exceptions. The platform approach is underpinned by Numeric’s AI philosophy: use it thoughtfully, not indiscriminately.

“AI is powerful, but imperfect. Most importantly, accounting can’t tolerate errors compounding,” said Gilbert. “We route the right work to the right operator: AI to interpret unstructured data, code to handle calculations with precision, and humans to add context and make judgment calls.”

About Numeric
Numeric is an AI accounting automation platform, built to take manual work off accountants’ plates so they can focus on what’s impactful. Founded in 2020 by co-founders Anthony Alvernaz, Parker Gilbert, and Andrew Bihl, Numeric is headquartered in San Francisco, New York, and London.

For more information, visit https://www.numeric.io/

SOURCE Numeric

Thrive Capital, New York Life Ventures, and Northwestern Mutual Future Ventures support Modern Life, bringing next-generation technology to one of the last untapped sectors in financial services.

NEW YORK, Nov. 19, 2025 — Modern Life, the AI-powered life insurance brokerage transforming how advisors serve their clients, announced today that it has raised $20 million in Series A funding led by Thrive Capital, with participation from New York Life Ventures, Northwestern Mutual Future Ventures, and Allegis. 

Bringing its total raised to $35 million, the new funding builds on Modern Life’s rapid progress since its $15 million seed round led by Thrive Capital, including industry-leading instant quoting, data-driven underwriting, Express Decision instant decision capability, and end-to-end agency management. The capital will further fuel Modern Life’s growth, expand strategic partnerships nationwide, and accelerate product development of its proprietary AI-driven platform.

“Life insurance remains one of the biggest untapped opportunities in financial services,” said Nabil Mallick, Partner at Thrive Capital. “Modern Life is reimagining how the industry works by empowering advisors with cutting-edge, AI-powered tools, unlocking lasting value for the entire ecosystem.”

The $175 billion U.S. life insurance market is primarily advisor-distributed, with an estimated 90% of policies sold through advisors. Today, advisors have to navigate tremendous complexity from optimizing financial and tax performance, sifting through dozens of carriers and products, and managing extensive medical underwriting processes, with a typical permanent life policy in the industry taking six months to close. Modern Life’s AI-powered platform helps advisors streamline workflows, deliver faster, more efficient solutions, and enhance client value and outcomes.

“We started Modern Life to solve a clear problem: we believe that advisors have an incredibly important job but face a complex and dizzying set of obstacles to serve their clients well,” said Michael Konialian, Founder and CEO of Modern Life. “We provide everything that advisors need to deliver better client outcomes and run their firms more efficiently, at scale. We have been pushing the frontier of what is possible in life insurance, integrating what would have otherwise been served by over 10 fragmented legacy tools into a singular platform, removing friction across the entire client journey. Our AI helps advisors navigate the most complex parts of the job – it’s like having a medical underwriter, tax expert, financial planner, product specialist, and marketer at your side.”

“Our experience at New York Life Ventures points to a simple truth: advisors are essential to how life insurance is purchased,” said Tim Del Bello, Head of Investments at New York Life Ventures. “Modern Life has built its growth on this foundation, using AI to elevate what advisors do best – serving their clients.”

Life insurance is arguably the most intricate retail financial product, involving detailed tradeoffs between financial optimization, tax planning, medical underwriting, and carrier-specific rules. Modern Life’s proprietary AI platform was built to address this complexity by embedding AI across the entire client journey and supporting advisors in four key areas:

• Underwriting and Risk Assessment: Analyzes medical and financial data in minutes, instead of weeks, and identifies the most competitive carriers for each individual’s needs.
• Advice and Recommendations: Helps advisors bridge insurance, tax, and financial planning, adding breadth to the deep expertise advisors already provide.
• Workflow Automation: Streamlined processes surface the right information at the right time, reducing policy cycle times.
• Client Lifecycle Management: Handles all client data, quotes, applications, and medical evidence through a secure, unified dashboard.

Modern Life gives advisors access to more than 30 carriers and every major product type from permanent and term life to annuities and long-term care. Its platform features the industry’s most advanced instant quoting capabilities, reducing the time it takes to generate quotes from hours or even days to just minutes. With Express Decision, Modern Life’s instant underwriting program, clients can receive offers four times faster than traditional methods – in as soon as minutes. Clients benefit from up to 20% in cost savings through smarter product selection, underwriting expertise, and dedicated advocacy.

Modern Life is SOC 2 certified and built with enterprise-grade data security, ensuring firms and their clients can confidently manage sensitive information throughout the life insurance process.

To learn more about how Modern Life is transforming the life insurance experience for advisors and their clients, visit modernlife.com.

About Modern Life
Modern Life is a leading, AI-powered life insurance brokerage helping financial professionals deliver better outcomes for their clients. Licensed in all 50 states, the company combines advanced technology, AI-driven underwriting, and deep industry expertise to streamline every stage of the insurance process. Advisors can quickly compare quotes from over 30 leading carriers, access expert guidance, receive as soon as instant decisions, and manage cases seamlessly. Learn more at modernlife.com or explore our press kit for additional resources.

SOURCE Modern Life

SAN FRANCISCO, Nov. 19, 2025 — alphaXiv, a platform reimagining how AI practitioners discover and apply the latest research, today announced its $7M Seed round. The funding was co-led by Menlo Ventures and Haystack with institutional participation from Shakti VC, Conviction Embed and Upfront Ventures, alongside notable angel investors Eric Schmidt, Sebastian Thrun, Sara Hooker and Gokul Rajaram, among others.

Founded by Stanford and Berkeley graduates, alphaXiv helps its users navigate the continuously evolving frontier of AI. Since launching publicly in 2024, alphaXiv has reached millions of users across both academia and industry who have incorporated their tools and resources into their research workflows.

“In recent years, AI research has grown exponentially, creating challenges for anyone who wants to stay up to date,” said Raj Palleti, co-founder of alphaXiv. “Researchers across universities and companies are continually asking what matters most, what’s truly useful and how to apply it effectively. We’re proud to provide the solution.” 

Today, alphaXiv serves applied AI teams by streamlining the path from research to production. AI engineers use the platform to quickly surface relevant papers, compare new methods to leading baselines and directly interact with paper implementations, enabling them to turn research insights into new features in days rather than months.

“There has never been a larger audience for research than today,” said Sebastian Thrun. “People are looking for new ways to get involved in research that go beyond having a PhD. A decade ago everyone wanted to be a software engineer. Today they want to be a research engineer.” 

Beyond industry, alphaXiv has also become a global workspace for researchers. As new AI breakthroughs emerge each week, alphaXiv supports researchers in innovating and collaborating with leading scholars across the world. This is evidenced by the growing number of cross-country collaborations documented on their platform, including countries like the United States and China, where competition and cooperation often progress side by side.

“Every technological revolution is followed by a massive change in what jobs people do,” said Deedy Das, partner at Menlo Ventures. “A while ago, many blue collar jobs became white collar jobs. Then, many white collar jobs became software jobs. As AI begins to automate more software, more people will start doing an even higher order of knowledge work: research to expand human knowledge. alphaXiv is building the infrastructure to power that future.”

About alphaXiv
alphaXiv is a platform reimagining how AI research is discovered and applied, bridging the gap between research and practice. The company brings together papers, benchmarks, and implementations into a single platform that makes it seamless for any AI practitioner to build on top of the latest research. The company was founded in 2024 by Rehaan Ahmad, Raj Palleti, Daniel Kim and Lino Le Van. For more information, visit www.alphaxiv.org.

Media Contact
Alexa Borislow
[email protected]

SOURCE alphaXiv

National Business Capital finds red states dominating the top 10 with lower costs,  stronger growth, and higher survival rates.

HAUPPAUGE, N.Y., Nov. 19, 2025 — Great business ideas are like seeds: Where you plant them makes all the difference.  And, according to National Business Capital’s second annual report, “The Best States to Start a Business 2026,” red states across the Midwest and South are providing the most fertile soil for entrepreneurs this year.

This annual study from the business lending platform discovered South Dakota took the top spot, followed by Texas (2nd) and North Carolina (3rd). These states strike the right balance between growth, favorable tax conditions, and strong business survival rates – giving entrepreneurs a more predictable foundation to build on.

Politics appears to play a factor. All of the top the states are “red states.” The highest ranked blue state, Washington (11th), stood out for its labor productivity and first-year business survival rates, while California (14th) remained a hub for innovation despite rising costs.

The full study is available HERE:

Key Findings

• More Startups Are Surviving: The average first-year survival rate rose to 76.8% in 2024 (up from 75.9%), though the five-year rate slipped slightly to 51.2%. This may be due to lingering effects of COVID-related business failures.
• Red States Sweep the Top 10: All top 10 states are red, averaging 53.9 out of 100 versus 45.9 for blue states using the methodology below. Red states also posted stronger Q2 2025 GDP growth (3.6% vs. 3.0%) and better five-year survival rates (51.6% vs. 50.5%).
• Lower Costs vs. Greater Capital: Red states benefit from cheaper energy (11.8¢/kWh vs. 18.6¢) and lighter taxes, while blue states lead in productivity growth (+2.8% vs. +2%) and access to capital, including SBA approvals and venture funding.
• Midwest Remains Most Balanced: With a score of 55.6, the Midwest outperformed all regions thanks to steady growth, modest taxes, and durable businesses – though startup activity remains low, suggesting untapped potential.
• Pacific States Start Fast, Fade Early: The Pacific region leads in first-year survival (78.9%) but lags in five-year success (50.6%), showing strong starts but long-term challenges.

“Starting a business is a nerve-wracking proposition,” said Joe Camberato, CEO of National Business Capital. “Why not start it where you have the greatest chance for success?”

The Top 10 States To Open A Business In 2026

1. South Dakota Score (out of 100): 72.7
   Rank: 1st (+15 from last report)
2. Texas
   Score: 70.2
   Rank: 2nd (+2)
3. North Carolina
   Score: 69.7
   Rank: 3rd (+15)
4. Ohio
   Score: 69.3
   Rank:  4th (+6)
5. Indiana
   Score: 62.2
   Rank: 5th (+3)
6. North Dakota
   Score: 61.5
   Rank:  6th (+11)
7. West Virginia
   Score: 61.1
   Rank: 7th (+41)
8. Utah
   Score: 60.6
   Rank: 8th (-6)
9. Iowa
   Score:  60.0
   Rank: 9th (+24)
10. Michigan
    Score: 58.5
    Rank: 10th (-8)

The Bottom 10 States

41. Virginia (41.8 out of 100; -29):
42. Missouri (41.6; -2)
43. Vermont (40.8; +4)
44. Alaska (40.4; -14)
45. Mississippi (38.9; -21)
46. Oregon (37.9; +0)
47. Kansas (35.7; +3)
48. Alabama (34.6; -12)
49. Maryland (31.2; -11)
50. Hawaii (31.1; -27)

Metrics

• Year One Survival Rates (10%)
• Year Five Survival Rates (14%)
• GDP Change (8%)
• LLC Filing Costs (3%)
• LLC Annual Costs (5%)
• Business Tax Burden (16%)
• Business Applications Per 100,000 (8%)
• Venture Capital Per Capita (8%)
• SBA Loan Approvals Per 100,000 Residents (10%)
• Labor Productivity Change (9%)
• Commercial Electricity (9%)

About National Business Capital :

National Business Capital a pioneer of non-bank financing, provides non-asset-backed financing solutions ranging from $250K to $15MM. Since 2007, the company has financed billions of dollars while innovating how business leaders access growth capital. The team’s approach to each transaction allows clients to maximize financing options.

For more information on this list and this topic, please contact Sarah Johnson.

CONTACT

Sarah Johnson
[email protected]

SOURCE National Business Capital

FORT LAUDERDALE, Fla., Nov. 19, 2025 — Intersignal, the developer of an open, next-generation communication layer for distributed artificial intelligence, announced today the expansion of its Florida operational base as interest accelerates in the company’s “Mesh Cache” system, a lightweight, hardware-agnostic indexing layer designed to connect local AI models across multiple devices.

The company’s South Florida presence has grown rapidly in recent months, with new personnel onboarding, expanded studio and compute space, and dedicated test environments for multi-node local inference. This expansion supports Intersignal’s mission to make high-integrity, privacy-preserving AI accessible without dependence on centralized cloud infrastructure.

“Intersignal was founded on a simple premise: intelligence works best at the edge,” said David Seaman, cofounder of the AI lab. “Our Mesh Cache architecture gives everyday users the ability to link their local models, whether on laptops, mini PCs, or workstations, into a coherent cognitive mesh. We believe this is the missing substrate for the next era of AI.”

The Mesh Cache system enables unified memory referencing, cross-device state awareness, and persistent local context without requiring identity accounts or cloud tethering. Early testers have used the system to synchronize workspaces across multiple AI models, from creative nodes to research nodes to analytical nodes, demonstrating significant improvements in responsiveness, autonomy, and cross-model coherence.

“Cloud AI will always have a role, but the momentum is shifting back to local compute,” Seaman added. “People want sovereignty, privacy, and full-stack control. Mesh Cache is designed to give them that in a way that is simple, resilient, and hardware flexible.”

The company’s Florida expansion coincides with increased inbound interest from developers, researchers, and small teams seeking alternatives to cloud-dependent AI workflows. Intersignal plans to continue building out its Florida node as a testing ground, development hub, and training center for distributed AI practices.

A public technical brief outlining Mesh Cache’s operational principles will be released later this quarter, followed by additional tooling and open-source modules.

For additional information, media inquiries, or partnership discussions, please contact:

Yulia K.
Operations Lead, Florida
Intersignal
7206886110
[email protected] 

US Press Office
Intersignal
[email protected]

SOURCE Intersignal

Good Growth Capital together with Meach Cove Capital and other Global Investors Support Next Commercial Milestone Following Successful Honeybee Vaccine Launch; Dalan’s European Subsidiary Receives Additional €250K Grant for Pan European Surveillance of Honeybee Diseases

ATHENS, Ga., Nov. 19, 2025 — Dalan Animal Health, Inc., the pioneering bioscience company that developed the world’s first vaccine for invertebrates, today announced the successful closure of a $3 million SAFE (Simple Agreement for Future Equity) funding round. The round included Good Growth Capital together with Meach Cove Capital and other global investors, marking increased international recognition of Dalan’s breakthrough Innate Immunity Platform technology.

The new funding will advance the commercialization of Dalan’s first-in-class shrimp vaccine, addressing one of the most significant disease challenges in global aquaculture and representing the company’s next major milestone following the successful launch of its honeybee vaccine. In parallel, Dalan will continue to expand its platform across new species, exploring novel applications for poultry, and other aquaculture species where its technology has the potential to enable broad-spectrum disease prevention and reduce dependence on antibiotics.

“This funding round represents a pivotal moment as we advance from our proven success in honeybees to commercializing our groundbreaking shrimp vaccine,” said Dr. Annette Kleiser, CEO and Founder of Dalan Animal Health. “The participation of sophisticated global investors like Good Growth Capital and Meach Cove Capital validates both our immediate commercial opportunity in aquaculture and the broader potential of our Innate Immunity Platform to address disease prevention challenges across multiple species.”

As part of the investment, Harris Komishane, General Partner at Meach Cove Capital, will join Dalan’s Board of Directors as an observer, bringing valuable strategic insight to support the company’s commercialization and growth. “We believe Dalan’s pioneering approach to protecting vital animal species through its cutting-edge vaccination technology is game changing,” said Mr. Komishane.

Advancing Shrimp Vaccine Commercialization

The funds will primarily support the commercialization of Dalan’s shrimp vaccine, which addresses a critical gap in health management practices in the global aquaculture industry. With the shrimp industry facing up to $4 billion in annual losses from diseases like White Spot Syndrome Virus, Dalan’s vaccine represents the first viable prevention solution for one of the world’s most valuable seafood sectors.

Recent breakthrough results from clinical trials have demonstrated the vaccine’s efficacy against major shrimp pathogens, positioning the company to advance toward regulatory approval and commercial launch. The funding will support manufacturing scale-up, regulatory pathway completion, and market development activities necessary for successful commercial deployment.

Platform Expansion and Future Applications

While prioritizing shrimp vaccine commercialization, Dalan will also use the funding to continue expanding its platform across new species. The company’s proprietary Innate Immunity Platform leverages conserved pattern recognition receptors found across all animal species—immune system components that have remained highly conserved through millions of years of evolution.

The platform expansion will explore applications in poultry, and additional aquaculture species where broad-spectrum disease prevention could address significant unmet medical needs and reduce reliance on antibiotics in food production.

“Dalan’s vaccine is already proving transformative in the protection of bees, critical to our food sources. Adding the shrimp vaccine, addressing the world’s largest seafood protein, is not only a huge market, but is proving Dalan’s platform technology is applicable to many species,” said Maureen Stancik Boyce, PhD, Founder and Managing Partner of Good Growth Capital.

European Operations Strengthened with Research Grant

In addition to the SAFE round, Dalan announced that its European subsidiary, Dalan Bio SL, has been awarded a €250K Grant for Pan European Surveillance of Honeybee Diseases by the Spanish Ministry of Science, Center for the Development of Industrial Technologies and Innovation (CDTI – E.P.E.). This grant will support European market entry, demonstrating growing international recognition of Dalan’s technology.

The European grant, combined with the global investor participation in the SAFE round, reflects increasing worldwide interest in Dalan’s approach to disease prevention and the platform’s potential for international market applications.

About Good Growth Capital

Good Growth Capital is a global investment firm focused on companies developing sustainable solutions for major global challenges. The firm invests in innovative technologies addressing food security, environmental sustainability, and human health.

About Meach Cove Capital

Meach Cove Capital is an investment firm focused on supporting innovative biotechnology companies developing transformative solutions for global health and sustainability challenges.

About Dalan Animal Health

Dalan Animal Health (www.dalan.com) is dedicated to bringing the world transformative animal health solutions to support a more sustainable future. As the pioneer in invertebrate vaccines, Dalan developed the world’s first USDA-approved vaccine for honeybees and is advancing the first vaccine for shrimp using its proprietary Innate Immunity Platform technology. The company’s platform leverages conserved immune pathways to provide broad-spectrum disease protection across multiple animal species. Dalan’s biotech innovation has been recognized through numerous international awards including TIME’s Best Inventions, Fast Company’s Next Big Things in Tech, and SVG THRIVE Global Impact Challenge winner (2025).

For more information about Dalan’s vaccines and animal health solutions, visit www.dalan.com.

Forward-Looking Statements

This press release contains forward-looking statements regarding shrimp vaccine commercialization, platform expansion, species applications, and market opportunities. These statements are based on current expectations and involve risks and uncertainties. Actual results may differ materially due to regulatory requirements, technical challenges, market conditions, and other factors beyond the company’s control.

SOURCE Dalan Animal Health, Inc.

Led by Bessemer Venture Partners, the round reflects 3x increase in valuation in six months and adds new investors, including CrowdStrike’s George Kurtz

SAN FRANCISCO, Nov. 19, 2025 — Doppel, the AI-native social engineering defense (SED) platform, today announced a $70 million Series C funding round, just six months following its Series B. Led by Bessemer Venture Partners, this brings the total amount raised to $124M and the company’s valuation to over $600M. First-time investors include George Kurtz, CEO of CrowdStrike, NTT DOCOMO Ventures, Aurum Partners – the investment fund affiliated with the owners of the San Francisco 49ers and other strategic LPs – and a group of athlete investors led by WNBA players Nneka Ogwumike, Breanna Stewart, and Kelsey Plum, who joined the round through the a16z Cultural Leadership Fund. Returning investors include venture capital firms Andreessen Horowitz, South Park Commons, Script Capital, 9Yards Capital, Sozo Ventures, and Strategic Cyber Ventures.

Technological advancements in AI are arriving at a near-constant pace, creating powerful new capabilities while also introducing sophisticated attack vectors for cybercriminals. Generative AI now enables hyper-personalized social engineering attacks across domains, social media, messaging apps, paid ads, the dark web, and more, increasing demand for solutions that can keep pace and protect businesses. Doppel is the leading platform delivering true multi-channel SED. Using agentic AI and a real-time threat graph, Doppel detects and unifies threats and automates takedowns, while strengthening employee defenses through next-generation, deepfake-driven simulations and training, cementing its position as the go-to solution to defend what’s real and disrupt what’s not.

“We’re thrilled to double down on our partnership with Doppel, as their world-class team is truly unparalleled,” said Elliott Robinson, Partner at Bessemer Venture Partners. “In my 20 years of working with startups, Doppel stands out with its incredible speed, massive ambition, and laser focus on execution, which is a clear recipe for success. We believe these qualities will solidify Doppel as the unquestioned leader in social engineering defense for years to come.”

“I’m excited about what Doppel is delivering to combat social engineering attacks,” said George Kurtz, CEO and Founder of CrowdStrike. “Cybercriminals are using AI, conducting increasingly sophisticated attacks to manipulate and deceive users. Doppel’s traction with Fortune 500 enterprises illustrates market need for social engineering defense (SED) and impressive momentum.”

The new funding will accelerate product innovation across Doppel’s Digital Risk Protection product portfolio and expand its Human Risk Management offerings, including Simulation and Security Awareness Training, to help organizations turn awareness into measurable risk reduction. Following its launch in August, Doppel’s new Simulation product has achieved rapid traction – already accounting for a material share of new bookings in Q3 and underscoring strong early market demand for the expanded platform. 

Doppel has sustained record growth this year, achieving 3x ARR growth YoY and more than 5X increase in Fortune 500 customers. Today, Doppel protects dozens of the Fortune 500, notable brands including Coinbase, Ramp, Commerce, and Orrick, and over 200 total customers in industries such as financial services, energy & utilities, technology & software, industrial & manufacturing, healthcare & life sciences, and media. To support this momentum, the company has more than doubled its team year over year and continues to hire aggressively across engineering, product, sales, and marketing, while also expanding internationally.

“As a global, publicly traded company, protecting our business and customers is vital,” said Cayden Larkin, Security Analyst at Commerce, the parent company of BigCommerce and Feedonomics. “Doppel is a core layer of our security program, helping us to reduce risk by taking down impersonations across channels, and ultimately safeguarding our brand and reputation. We’re excited by Doppel’s pace of innovation and the impact it will continue to have on our customers and brand.”

“As a global brand with highly visible executives, protecting our leadership team is paramount,” said a CISO from a Fortune 500 agriscience leader. “Doppel has been a game-changer for our corporate security, driving a 93% reduction in exposed executive PII and proving vital to minimizing our risk profile. We are proud to call Doppel a great partner in ensuring our leadership’s safety, and look forward to the continued innovation and impact.”

Doppel’s latest work with OpenAI marks a major milestone in AI-driven security. By fine-tuning OpenAI’s models with thousands of expert cybersecurity decisions, Doppel built an autonomous AI agent capable of detecting and neutralizing complex social engineering threats in real time.

“We’re proud to have the continued support of returning investors and to welcome new partners to our roster,” said Kevin Tian, CEO and co-founder of Doppel. “Their support validates the strength of our vision and the work our team has accomplished. This signals confidence in the path we’re on and reinforces our commitment to driving rapid growth. With this backing, we are positioned to continue scaling aggressively and creating meaningful impact in the market.”

To match the pace and acceleration of Doppel’s growth, the company has unveiled a refreshed brand identity. Discover the new look and learn how its AI-native SED platform helps protect organizations from modern social engineering threats at www.doppel.com. Follow the company on X and LinkedIn, and explore career opportunities at https://www.doppel.com/careers. 

About Doppel
Doppel is an AI-native platform designed for social engineering defense. Doppel protects individuals and brands from AI-powered impersonation, phishing, fraud, and social engineering by dismantling attacker infrastructure and building resilience through training and simulation. Doppel’s comprehensive Digital Risk Protection solution detects threats across multiple channels, links alerts into a real-time threat graph, and offers AI-driven infrastructure disruption. These threats inform phishing simulation campaigns and security awareness training to offer robust Human Risk Management capabilities that strengthen employee defenses through next-generation training and testing.

SOURCE Doppel

Delivers mission-critical AI to 22,000+ federal, state, local agencies;  200+ tech companies, including 50% of US Fortune 10 

NEW YORK, Nov. 19, 2025 — RapidSOS, the public safety AI company, has raised a $100 million financing round led by the Apax Digital Funds. This investment brings the unicorn’s total capital raised to over $450 million, making it the highest-funded emergency response AI company.

The funding comes as RapidSOS recently crossed one billion emergencies supported. RapidSOS HARMONY, the first purpose-built AI for public safety, is designed to save critical time by automatically detecting emergencies, unifying real-time data and video streams, and coordinating a faster, more effective response. HARMONY is powered by the world’s largest safety network:   

• 600 million devices, apps, sensors, and integrated cameras
• 200+ global enterprises, including half of the US Fortune 10 
• 22,000+ federal, state, and local public safety and defense agencies
• 1 million first responder users globally

“We’ve had the extraordinary privilege of learning from the heroic work of first responders across over one billion emergencies,” said Michael Martin, Founder and CEO of RapidSOS. “This funding further accelerates our work to support first responders. We’re accelerating R&D efforts into our AI with the aim to prevent one million emergencies by 2030.”

One of these prevented emergencies came out of rural Michigan where the 911 telecommunicator was able to dispatch first responders just 13 seconds after the RapidSOS-enabled crash detection was initiated. The heroism and quick thinking of the emergency response team, supported by RapidSOS technology, ensured that the survivor was pulled out of a crashed vehicle seconds before it was engulfed. 

“RapidSOS’s data infrastructure underpins much of modern safety, security, and disaster response,” said Patrick Kane, Partner at Apax Digital. “As we diligenced the platform, it became clear that this foundational data layer, operationalized through the company’s AI, plays a critical role in powering emergency management in agencies across a dozen countries, covering nearly 700 million people. We are excited to support the team as they continue delivering and advancing essential capabilities for public safety stakeholders worldwide.”

With this investment, RapidSOS will continue to invest in scaling its safety network, deepening interoperability across 911 and field-response workflows, and advancing its suite of AI tools that transform how emergencies are triaged, analyzed, and resolved. The company also plans to continue to expand internationally, partnering with governments and global technology providers to modernize emergency infrastructure in collaboration with the public safety community.

About RapidSOS 

RapidSOS is the leading public safety AI company that unlocks mission-critical intelligence for emergency response. It harnesses artificial and human intelligence to fuse life-saving data from the world’s largest safety network, which includes over 600 million connected devices and 200+ global technology companies. This intelligence is delivered to 22,000+ federal, state, local, and defense agencies, serving one million first responders. RapidSOS has supported over one billion emergencies in a dozen countries, powering RapidSOS HARMONY, the first purpose-built AI for public safety, designed to save critical time by automatically detecting emergencies, unifying real-time data and video streams, and coordinating a faster, more effective response. Learn more at www.RapidSOS.com.

About The Apax Digital Fund 

The Apax Digital Funds specialise in growth equity in high-growth enterprise software, consumer internet, and technology-enabled services companies worldwide. The Apax Digital team leverages Apax’s deep tech investing expertise, global platform, and specialised operating experts, to enable technology companies and their management teams to accelerate the achievement of their full potential. For further information, please visit http://digital.apax.com.  

For over 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of nearly $80 billion. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.   

SOURCE RapidSOS