Investment intended to fuel advancement of novel Platelet-derived Regenerative Biologic therapy for Sjogren’s disease dry eye and other ocular surface diseases

WATERTOWN, Mass., Jan. 28, 2026 — Stellular Bio, the pioneer of Platelet-derived Regenerative Biologic (PRB) therapeutics, is pleased to announce the closing of its Series 1 financing round.

Led by Ziff Capital Partners and joined by Cockrell Interests and others, the round will help advance Stellular’s lead candidate, STLR-201, into clinical testing as a treatment for Sjogren’s disease dry eye.

Sjogren’s disease (SjD) is a complex multisystem autoimmune disorder affecting roughly 4 million patients in the United States alone.¹ 75 percent of SjD patients say the eye dryness and irritation that is a hallmark of the disease has a major or moderate impact on their lives². Left untreated, SjD and other severe ocular surface diseases can lead to corneal damage and vision loss.

Derived from platelet-progenitor stem cells, STLR-201 is designed to simultaneously modulate the multiple cell and tissue types that are affected in ocular surface disease. This approach is inspired by a robust body of research³ demonstrating the efficacy of autologous blood products, such as platelet-rich plasma, in treating ocular conditions. These treatments, however, must be manufactured separately for each patient from a sample of their own blood — a process that can be cumbersome, inconsistent, and expensive.

STLR-201 and other PRB therapeutics, on the other hand, have the potential to offer a consistent, scalable, off-the-shelf option with the quality standards of approved medicines.

“PRBs are Goldilocks-like treatments that combine the regenerative potential and inherent polypharmacology of plasma and cell therapies with the reproducibility and economy of scale of traditional biologics,” says Stellular CEO Derek Adams. “We believe they will enable us to offer important new options for a large number of patients with multifaceted conditions like ocular surface disease, chronic wounds, osteoarthritis, and more.”

About Stellular Bio

Stellular Bio is dedicated to expanding the reach of regenerative medicine with its pioneering platelet-derived regenerative biologic (PRB) therapy. PRB harnesses the same regenerative potential that underlies bespoke autologous treatments such as platelet-rich plasma, but in the form of a mass-manufactured therapeutic that is standardized, off-the-shelf, and lower cost, with the potential to reach a broad range of patients. Stellular has demonstrated the efficacy of PRB in animal models and has established scalable manufacturing methods to enable clinical trials and commercial production. Stellular is pursuing initial clinical proof of concept in Sjogren’s disease dry eye and aims to subsequently expand into the broader ocular surface disease market and beyond. For more information, visit stellularbio.com.

1) Sjögren’s Foundation

2) Sjögren’s Foundation Living with Sjögren’s patient survey

3) Avila et al, Br J Opthamol, 2019; Allam, I.Y., Delta Journal of Ophthalmology 2021, 22:251–258; Wróbel-Dudzinska et al.,  J. Clin. Med. 2023, 12, 3126; Sanchez-Avila et al., J. Ocular Pharm. and Ther. 2017

Contact
[email protected]

SOURCE Stellular Bio

Capital de inversión para proporcionar la pista para la finalización del producto y su introducción al mercado

BELLEVUE, Wash., 28 de enero de 2026 — Hoy, Lassen Peak anunció la finalización de financiaciones de deuda y capital, por un total de más de 10.000.000 dólares. Los financiamientos fueron liderados por Structural Capital, una firma de crédito privado y de capital de riesgo enfocada en el crecimiento con sede en Menlo Park, California. Además del financiamiento de deuda de riesgo de Structural Capital, los accionistas existentes aportaron capital adicional para apoyar la introducción del primer sistema de radar portátil totalmente integrado del mundo para la detección de armas ocultas. Además de Structural Capital, entre las firmas de inversión destacadas se encuentran AI Capital Partners, Lauder Partners, LionCrest Ventures, Madrona Ventures, Octave Ventures y otros inversores estratégicos, como Axon Enterprises, líder mundial en tecnologías de seguridad pública.

Lassen Peak es pionera en la introducción de la tecnología de radar de imágenes de ondas submilimétricas de terahercios en el primer sistema de radar portátil del mundo para la detección de armas ocultas, que puede utilizarse en cualquier lugar del terreno para su uso en aplicaciones de seguridad policial, militar y de espacios privados. Al abordar una de las mayores amenazas para el personal policial en su labor de brindar seguridad pública, los cacheos físicos de armas son altamente peligrosos tanto para quienes los realizan como para quienes son registrados. Debido a la proximidad física y la naturaleza conflictiva del contacto físico, la grave amenaza de las armas ocultas crea una interacción con gran carga emocional, independientemente de si existen armas. Esta situación tensa y el cacheo físico invasivo pueden llevar a una peligrosa escalada del uso de la fuerza que puede resultar en lesiones graves o la muerte.

Kai Tse, cofundador y socio director de Structural Capital, afirmó: “Lassen Peak reúne los elementos necesarios para convertirse en una empresa unicornio con potencial de éxito, capaz de definir una nueva e importante categoría de producto en los mercados de las fuerzas del orden, el ejército y el sector privado a nivel mundial. Nos entusiasma apoyar el crecimiento y la expansión de la empresa”.

Hatch Graham, consejero delegado y presidente del consejo de administración de Lassen Peak, añadió: “Agradecemos las soluciones de capital personalizadas que ofrece el equipo de Structural Capital y, con el apoyo colectivo de los inversores existentes, esperamos completar el proyecto de Lassen Peak y hacer realidad la visión de reducir el uso de la fuerza, a la vez que aumentamos la confianza y la seguridad en las aplicaciones de seguridad pública”.

Acerca de Lassen Peak

Lassen Peak es una empresa emergente del área de Seattle que reúne a líderes tecnológicos de la industria en tecnología inalámbrica de ultraalta velocidad, radar de imágenes, inteligencia artificial, geoposicionamiento y otras tecnologías. Al combinar las tecnologías avanzadas con la necesidad de una transformación en las soluciones de seguridad pública sobre el terreno, el equipo se compromete a brindar a las fuerzas del orden y a la sociedad alternativas seguras y menos contenciosas a los métodos tradicionales de identificación de objetos peligrosos y armas ocultas.

Lassen Peak ha reunido un grupo diverso de asesores y líderes de comités que anteriormente ocuparon puestos clave en las principales organizaciones de aplicación de la ley y de derechos civiles de Estados Unidos, incluidos los roles de asesor general de la ACLU, presidente de la Organización Nacional de Ejecutivos Negros de las Fuerzas de Aplicación de la Ley, director de Información del Gobierno de Estados Unidos, comandante del LAPD, director ejecutivo del Caucus Negro del Congreso, presidente de la Asociación Nacional de Mujeres Ejecutivas de las Fuerzas de Aplicación de la Ley, miembro de la Junta de la Asociación Nacional de Supervisión Civil de Aplicación de la Ley y otros.

http://www.lassenpeak.com

Logo – https://mma.prnewswire.com/media/1686113/lassen_peak_Logo.jpg

Investment Capital to Provide Runway for Product Completion and Market Introduction

BELLEVUE, Wash., Jan. 28, 2026 — Today, Lassen Peak announced the completion of debt and equity financings, totaling over $10,000,000. The financings were led by Structural Capital, a Menlo Park, California growth-focused venture and private credit firm. In addition to Structural Capital’s venture debt financing, existing shareholders provided additional capital to support the company’s introduction of the world’s first fully integrated handheld radar system for concealed weapon detection. Along with Structural Capital, notable investment firms included AI Capital Partners, Lauder Partners, LionCrest Ventures, Madrona Ventures, Octave Ventures, and other strategic investors, such as Axon Enterprises, a world leader in public safety technologies.

Lassen Peak is pioneering the introduction of submillimeter-wave Terahertz imaging radar technology within the world’s first handheld radar system for concealed weapon detection that can be conducted anywhere in the field for use in law enforcement, military, and private venue security applications. Addressing one of the single biggest threats to law enforcement personnel as they work to provide public safety and security, physical weapon searches or “pat-downs” are highly dangerous for individuals conducting the search, as well as the individuals being searched. Based on the close physical proximity and contentious nature of the physical contact, the serious threat of concealed weapons creates an emotionally charged interaction whether weapons exist or not – this tense scenario and invasive physical pat-down can lead to a dangerous escalation of use-of-force that may result in serious injury or death.

Structural Capital’s Co-Founder and Managing Partner, Kai Tse, states, “Lassen Peak contains the elements of a potential unicorn break-out company, able to define an important new category of product within law enforcement, military, and private sector markets, worldwide. We’re excited to support the company’s growth and expansion.”

Lassen Peak CEO and Chairman of the Board, Hatch Graham, adds, “We welcome the tailored capital solutions offered by the Structural Capital team, and with the collective support of existing investors, we look forward to completing Lassen Peak’s charter product and delivering on the vision of reducing use-of-force while increasing trust and safety in public safety applications.”

About Lassen Peak

Lassen Peak is a Seattle-area startup, which comprises a unique blend of industry technology leaders in ultra-highspeed wireless, imaging radar, artificial intelligence, geo-positioning and other technologies. Matching advanced technologies with the need for a transformation in public safety solutions in the field, the team is committed to providing law enforcement and society with safe and less contentious alternatives to the legacy methods of identifying concealed dangerous objects and weapons.

Lassen Peak has assembled a diverse advisor and committee leadership that formerly held key positions in America’s top law enforcement and civil rights organizations, including roles of ACLU General Counsel, President of the National Organization of Black Law Enforcement Executives, CIO of the United States Government, LAPD Commanding Officer, Congressional Black Caucus Executive Director, President of the National Association of Women Law Enforcement Executives, Board Member of the National Association of Civilian Oversight of Law Enforcement, and others.

http://www.lassenpeak.com

Logo – https://mma.prnewswire.com/media/1686113/lassen_peak_Logo.jpg

SINGAPORE, 28 januari 2026 — EPG heeft onlangs zijn Serie B-financieringsronde voltooid en bijna US $ honderd miljoen opgehaald. De ronde werd mede geleid door internationale beleggingsondernemingen Forebright en Silicon Peak, met deelname van GL Ventures, NRL Capital, YF Capital en Rockets Capital. In 2025 voltooide EPG ook zijn Serie A-/A+-rondes en haalde tientallen miljoenen Amerikaanse dollars op van investeerders, waaronder Eastern Bell VC. Zo werd een solide basis gelegd voor de volgende groeifase.

EPG werd in 2004 opgericht door een team met meer dan twee decennia ervaring in de branche en is een modulaire leverancier van datacenteroplossingen die gespecialiseerd is in fabrieksgefabriceerde integratie van stroom-, IT- en koelsystemen. De opbrengst van de serie B-financieringsronde zal de capaciteitsvergroting, het werkkapitaal en de wereldwijde groei ondersteunen, waardoor het vermogen van EPG om wereldwijd grootschalige AI-datacenters met een hoge energiedichtheid te leveren, wordt versterkt.

De wereldwijde datacenterbranche wordt geconfronteerd met toenemende efficiëntie-uitdagingen, met name in markten zoals Zuidoost-Azië en Europa, waar zwakke lokale toeleveringsketens en een tekort aan geschoolde arbeidskrachten leiden tot lange constructiecycli en hogere kosten. Tegelijkertijd verhogen AI-gedreven werkbelastingen de vereisten op het vlak van leveringssnelheid, vermogensdichtheid en thermische efficiëntie, waardoor traditionele constructiemodellen tot hun limiet worden geduwd.

Tegen deze achtergrond pakt EPG deze uitdagingen aan door middel van modulaire, in de fabriek geprefabriceerde datacenteroplossingen. De MDC-benadering verschuift het merendeel van de constructieactiviteiten naar de fabriek, waar modules worden geassembleerd en getest voordat ze snel ter plaatse worden geïnstalleerd en in gebruik worden genomen. Ondersteund door productiehubs in Johor Bahru en Shanghai, end-to-end wereldwijde leveringsteams en in-house technologieën zoals koudplaatvloeistofkoelsystemen met een PUE onder 1,3 en zelfontwikkelde dieselgeneratoren, maakt EPG een snellere, betrouwbaardere en kostenefficiëntere inzet van datacenters op internationale markten mogelijk.

Alick Wan, oprichter, voorzitter CEO van EPG, zei: “Deze serie B-financieringsronde weerspiegelt het sterke vertrouwen van vooraanstaande wereldwijde investeerders. In de toekomst zullen we blijven investeren in R&D, productie en wereldwijde leveringsmogelijkheden om een snelle, betrouwbare inzet van datacenters voor klanten over de hele wereld te ondersteunen.”

Voor meer informatie ga naar www.epg-module.com of contact opnemen [email protected]

Over EPG

EPG is een in Singapore gevestigde leverancier van modulaire en geprefabriceerde datacenterinfrastructuur, aangedreven door dubbele R&D-centra in Singapore en Shanghai en geavanceerde productiehubs in Maleisië en China. Met meer dan twintig jaar technische expertise levert EPG innovatieve en duurzame oplossingen voor hyperscale, cloud- en enterprise-implementaties in APAC, EMEA, Noord- en Zuid-Amerika en andere wereldwijde markten.

SINGAPUR, 28. Januar 2026 — EPG hat kürzlich seine Serie-B-Finanzierung abgeschlossen und dabei fast 100 Millionen US-Dollar eingeworben. Die Runde wurde von den internationalen Investmentfirmen Forebright und Silicon Peak gemeinsam angeführt, mit Beteiligung von GL Ventures, NRL Capital, YF Capital und Rockets Capital. Im Jahr 2025 schloss EPG zudem seine Serie-A- und Serie-A+-Runden ab und nahm dabei mehrere zehn Millionen US-Dollar von Investoren auf, darunter Eastern Bell VC. Damit schuf das Unternehmen eine solide Grundlage für die nächste Wachstumsphase.

EPG wurde 2004 von einem Team gegründet, das über mehr als zwei Jahrzehnte Branchenerfahrung verfügt, und ist ein Anbieter modularer Rechenzentrumslösungen, der auf die werkseitig vorgefertigte Integration von Energieversorgung, IT sowie Kühlsystemen spezialisiert ist. Die Erlöse aus der Serie-B-Finanzierung dienen der Kapazitätserweiterung, dem Betriebskapital sowie dem globalen Wachstum und stärken die Fähigkeit von EPG, weltweit große KI-Rechenzentren mit hoher Leistungsdichte bereitzustellen.

Die globale Rechenzentrumsbranche steht vor wachsenden Effizienzproblemen, insbesondere in Überseemärkten wie Südostasien und Europa, wo schwache lokale Lieferketten und ein Mangel an qualifizierten Arbeitskräften zu langen Bauzyklen und höheren Kosten führen. Gleichzeitig erhöhen KI-gesteuerte Arbeitslasten die Anforderungen an Liefergeschwindigkeit, Leistungsdichte und thermische Effizienz, wodurch herkömmliche Konstruktionsmodelle an ihre Grenzen stoßen.

Vor diesem Hintergrund begegnet EPG diesen Herausforderungen mit modularen, werkseitig vorgefertigten Rechenzentrumslösungen. Der MDC-Ansatz verlagert den Großteil der Bauaktivitäten in die Fabrik, wo Module vor der schnellen Installation und Inbetriebnahme vor Ort montiert sowie getestet werden. Gestützt auf Fertigungsstandorte in Johor Bahru und Shanghai, durchgängige globale Teams für die Umsetzung sowie hauseigene Technologien wie Cold-Plate-Flüssigkühlsysteme mit einem PUE-Wert von unter 1,3 und selbst entwickelte Dieselgeneratoraggregate ermöglicht EPG eine schnellere, zuverlässigere sowie kosteneffiziente Bereitstellung von Rechenzentren in internationalen Märkten.

Alick Wan, Gründer, Vorsitzender und Geschäftsführer von EPG, sagte: „Diese Serie-B-Finanzierung spiegelt das große Vertrauen führender globaler Investoren wider. Auch in Zukunft werden wir weiter in Forschung und Entwicklung, Fertigung sowie globale Lieferkapazitäten investieren, um Kunden weltweit bei der schnellen und zuverlässigen Bereitstellung von Rechenzentren zu unterstützen.”

Weitere Informationen finden Sie auf www.epg-module.com oder [email protected]. 

Informationen zu EPG

EPG ist ein in Singapur ansässiger Anbieter modularer sowie vorgefertigter Rechenzentrumsinfrastruktur, gestützt auf zwei Forschungs- und Entwicklungszentren in Singapur sowie in Shanghai und fortschrittliche Fertigungsstandorte in Malaysia sowie China. Mit über 20 Jahren Engineering-Expertise liefert EPG innovative sowie nachhaltige Lösungen für Hyperscale-, Cloud- sowie Unternehmensbereitstellungen in APAC, EMEA, Nord- und Südamerika sowie weiteren globalen Märkten.

SINGAPOUR, 28 janvier 2026 — EPG a récemment conclu son financement de série B en levant près de 100 millions de dollars américains. Ce tour de table a été organisé conjointement par les sociétés d’investissement internationales Forebright et Silicon Peak, avec la participation de GL Ventures, NRL Capital, YF Capital et Rockets Capital. En 2025, EPG a également conclu ses séries A et A+, levant des dizaines de millions de dollars américains auprès d’investisseurs tels qu’Eastern Bell VC, posant ainsi des bases solides pour sa prochaine phase de croissance.

Fondée en 2004 par une équipe ayant plus de vingt ans d’expérience dans l’industrie, EPG est un fournisseur de solutions modulaires pour centres de données, spécialisé dans l’intégration de systèmes d’alimentation, d’informatique et de refroidissement préfabriqués en usine. Le produit du financement de la série B permettra d’augmenter la capacité, le fonds de roulement et la croissance mondiale, renforçant ainsi la capacité d’EPG à fournir à l’échelle mondiale, des centres de données d’IA à grande échelle et à haute densité de puissance.

Le secteur mondial des centres de données est confrontée à des défis croissants en matière d’efficacité, en particulier sur les marchés étrangers tels que l’Asie du Sud-Est et l’Europe, où la faiblesse des chaînes d’approvisionnement locales et la pénurie de main-d’œuvre qualifiée entraînent des cycles de construction longs et des coûts plus élevés. Parallèlement, les charges de travail pilotées par l’IA augmentent les exigences en matière de vitesse de livraison, de densité de puissance et d’efficacité thermique et les modèles de construction traditionnels atteignent leurs limites.

Dans ce contexte, EPG relève ces défis avec des solutions modulaires de centres de données préfabriquées en usine. Son approche de centre de données modulaire transfère la majorité des activités de construction à l’usine, dans laquelle les modules sont assemblés et testés avant d’être rapidement installés et mis en service sur le site. S’appuyant sur des centres de fabrication à Johor Bahru et Shanghai, des équipes de livraison mondiales de bout en bout et des technologies internes telles que des systèmes de refroidissement liquide à plaque froide atteignant une efficacité énergétique inférieure à 1,3 et des groupes électrogènes diesel auto-développés, EPG permet un déploiement international plus rapide, plus fiable et plus rentable des centres de données.

Alick Wan, fondateur, président et directeur général d’EPG, a déclaré : « Ce financement de série B témoigne de la confiance des principaux investisseurs mondiaux. À l’avenir, nous continuerons à investir dans la recherche et le développement, la fabrication et les capacités de livraison mondiales afin de permettre un déploiement rapide et fiable des centres de données pour les clients du monde entier. »

Pour plus d’informations, consultez le site www.epg-module.com ou contacter [email protected]. 

À propos d’EPG

EPG est un fournisseur d’infrastructures modulaires et préfabriquées pour centres de données, basé à Singapour, qui s’appuie sur deux centres de recherche et développement à Singapour et à Shanghai et sur des centres de production avancés en Malaisie et en Chine. Avec plus de 20 ans d’expertise en ingénierie, EPG fournit des solutions innovantes et durables pour les déploiements hyper-échelle, cloud et d’entreprise à travers l’APAC, l’EMEA, les Amériques et d’autres marchés mondiaux.

Investment advances Balerion’s thesis on mission-critical infrastructure, as ground systems emerge as a defining bottleneck in expanding the space economy

DALLAS, Jan. 27, 2026 — Balerion Space Ventures today announced its strategic investment in Northwood Space’s $100 million Series B funding round. The investment represents Balerion’s continued deployment of capital into the foundational infrastructure powering the emerging space economy and reinforces the firm’s position as a leading investor in companies building the critical systems required to scale space operations.

“Private capital is accelerating the commercialization of space at an unprecedented pace,” said Phil Scully, Co-Founder and General Partner at Balerion Space Ventures. “As launch costs collapse, the bottleneck shifts to Earth. Ground infrastructure is the critical foundation every orbital mission depends on, and the companies building that enabling layer will define the space economy for decades to come. That’s where Balerion invests.”

The investment reflects Balerion’s conviction that the next phase of value creation in the space economy will be driven by infrastructure companies addressing real operational constraints. As orbital activity accelerates and satellite constellations scale, ground systems have emerged as a defining limitation. Northwood’s vertically integrated approach aligns directly with Balerion’s strategy of backing foundational platforms that unlock scale across commercial and government missions.

Northwood also announced a $49.8 million contract award from the U.S. Space Force to upgrade the Satellite Control Network, validating the dual-use value proposition that is central to Balerion’s portfolio strategy across space and defense technologies.

Balerion’s investment in Northwood follows the firm’s recent announcements of investments in Antares Industries, Samara Aerospace, and Valar Atomics, demonstrating the firm’s systematic approach to backing mission-critical platforms across launch, in-orbit systems, advanced manufacturing, energy, and dual-use defense technologies. The firm’s multi-disciplinary team leverages deep expertise in aerospace engineering, venture capital, and institutional investing to identify and support companies building the backbone of the new space economy.

About Balerion Space Ventures
Balerion Space Ventures is a frontier technology capital firm backing the infrastructure of the emerging space and national security economy. The firm’s multi-disciplinary team, with expertise spanning aerospace engineering, venture capital, and institutional investing, has been investing in companies defining the next industrial revolution beyond Earth’s surface since 2022. With a portfolio of investments across launch, in-orbit systems, advanced manufacturing, energy, and dual-use defense technologies, Balerion focuses on mission-critical platforms with durable, scalable economics. The firm backs founders building the backbone of the space economy as private enterprise unlocks the next generation of trillion-dollar markets. For more information, visit www.balerionspace.com.

Media Contact:
Helen Ferguson
JConnelly
973-214-4306
[email protected]

SOURCE Balerion Space Ventures

Tenbin’s mission is to make tokenized assets better than their offchain counterparts by combining TradFi liquidity with DeFi composability, enabling onchain assets to trade, settle, and earn yield in ways previously inaccessible to traditional and crypto markets. 

NEW YORK, Jan. 27, 2026 — Tenbin Labs, a next-generation tokenization protocol, announced a $7 million seed round led by Galaxy Ventures, with participation from Wintermute Ventures, FalconX, GSR, Nascent, Variant, Archetype, Bankless Ventures and more. Tenbin is building the next generation of tokenized asset infrastructure by making onchain assets faster, more liquid, and more capable than their offchain counterparts. Tenbin’s mission is to accelerate the global adoption of onchain capital markets and tokenized assets, starting with gold, FX, and commodities.

Tokenization has exploded over the past few years. Treasuries, credit, gold, and FX are now being tokenized onchain at a rapid pace. The global tokenized asset market (excluding stablecoins) is valued at $33 billion in 2025 and, according to research from Deutsche Bank, is projected to reach $3-4 trillion by 2030 (150%+ CAGR). Institutional allocators are expected to deploy 7–9% of their portfolios into tokenized assets by 2027.

However, most tokenized assets are structurally inferior to their offchain equivalents, with limited utility and scalability. Today’s tokenization models wrap assets without rebuilding the market infrastructure that gives these assets utility. As a result, tokenized gold, FX, and commodities often trade with shallow liquidity, delayed settlement times, and onchain price distortions that limit their usefulness as collateral or store-of-value. Tenbin was launched to solve this.

Tenbin reverses this pattern by connecting onchain assets directly to the global derivatives infrastructure where real liquidity resides, starting with the CME futures markets. Tenbin’s architecture aligns pricing, liquidity, and yield with the real-world markets underlying each asset. This design enables Tenbin’s tokenized assets to inherit deep real-world liquidity onchain while unlocking yield originating from both institutional carry and DeFi. The result is a new class of institutional-grade, yield-bearing, tokenized assets that remain fully liquid and composable across the onchain ecosystem.

“Tokenization only works if onchain assets become more useful than their off-chain equivalents. Simply wrapping gold or FX onchain without rebuilding the underlying market structure creates assets that are slower, less liquid, and harder to use. Tenbin is the solution built to fix this broken structure,” said Yuki Yuminaga, Co-Founder & CEO, Tenbin Labs who previously was a research partner at Fenbushi and Head of Growth at Sorella. “Our goal is simple, it is to make tokenized assets trade more efficiently, settle faster, and deliver utility that legacy off-chain assets cannot offer.”

Through a structured exposure mechanism and a dual onchain/offchain collateral architecture, Tenbin enables:

• ≈30-second minting and redemption (≈3 Ethereum blocks)
• Zero mint/redemption fees under normal conditions
• Yield-bearing exposure sourced from institutional carry and onchain stablecoin yield
• Deep liquidity inherited from underlying TradFi markets
• Full composability across the DeFi ecosystem

“What impressed us about Tenbin is their approach. They’re not wrapping assets, they’re rebuilding the entire issuance and liquidity stack for onchain markets. We believe Tenbin will play a foundational role in the evolution of onchain capital markets,” said Will Nuelle, General Partner of Galaxy Ventures

Tenbin will debut its first asset, yield-bearing tokenized gold, in early 2026, through integrations with major market makers and prime brokers including Hidden Road, Ripple Prime, and additional partners to be announced.

Following the gold launch, Tenbin will expand its asset suite to include global FX currencies (BRL, MXN, JPY, etc.), commodities and metals, energy products and more. 

About Tenbin Labs 

Tenbin is a tokenization protocol founded on a simple but uncompromising belief that tokenized assets should be better than the assets they represent. Faster to redeem, easier to use, more composable, and capable of generating yield. By combining institutional derivatives infrastructure with transparent on-chain collateral systems, Tenbin creates a new class of assets that are liquid, accessible, yield-bearing, and instantly redeemable. Tenbin is building the next foundation for the onchain financial system. For more information, please visit https://tenbinlabs.xyz/.

SOURCE Tenbin Labs

The company’s AI agents execute audit plans end-to-end, reducing the cost, friction, and manual work of SOX compliance

SAN FRANCISCO, Jan. 27, 2026 — Midship, an AI-native platform automating Sarbanes-Oxley (SOX) testing and internal audit workflows, today announced  $4.15 million in seed funding led by Costanoa Ventures, with participation from Seguin Ventures and additional angel investors. The funding will be used to scale its team and accelerate adoption among public companies facing rising audit complexity, talent shortages, and mounting compliance costs.

The average U.S. public company spends roughly $2.3 million annually on SOX audit services, with an estimated 10x more in hidden costs by internal teams across finance, IT, and operations. Despite decades of tooling, SOX testing remains largely manual, tying up internal audit teams in repetitive evidence collection, testing, and documentation rather than higher-value advisory work.

Midship’s agentic AI takes on the full SOX testing lifecycle. The platform’s agents follow audit plans, reason over complex enterprise documentation, perform control testing, and generate audit-ready work papers, delivering a complete evidence trail that reduces manual effort while keeping human auditors firmly in the loop.

Founded by Kieran Taylor (CEO), Aahel Iyer (CPO), and Max Maio (CTO), Midship was born out of the team’s firsthand experience navigating SOX audits at scale. The founders supported audit and compliance teams at companies including Instacart, Deloitte, Amazon, Lyft, Faire, and PayPal, before ultimately coming together as a product trio at Dashworks (acquired by HubSpot). While preparing Instacart for its IPO, the team experienced the full burden of first-year SOX compliance, sparking an internal AI hackathon that uncovered a larger opportunity: automating the entire SOX testing lifecycle.

“SOX was meant to address core risk, not bog audit teams down with busy work,” said Kieran Taylor, CEO and co-founder of Midship. “Teams spend months proving controls work instead of improving how the business runs. Midship flips that equation by letting AI handle the execution, evidence, and documentation, so humans can focus on judgment and real risk.”

Midship differentiates itself from legacy SOX platforms by going beyond workflow management. While systems of record like AuditBoard and Workiva track the administration of a SOX program, Midship automates the actual testing itself. Unlike deterministic automation tools, Midship’s fully agentic approach can handle the real-world variability and unstructured data inherent in enterprise audit work.

“While most ‘AI for audit’ tools focus on replacing individual tasks,” said Amy Cheetham, Partner at Costanoa. “Midship goes further by enabling agents to execute end to end testing across entire audit programs. This lets teams keep controls in their native audit language and allow the agents to determine the steps needed to complete the work.”

Midship is already being used by leading public companies, including a top social media platform and major fintechs, helping internal audit teams reduce manual effort and scale their impact without growing headcount.

To learn more, visit www.midship.ai.

About Midship
Midship is an AI-native platform that automates SOX testing and internal audit workflows. Its agentic AI follows audit plans, performs control tests, evaluates enterprise evidence, and generates fully documented work papers, allowing audit teams to do more with less while maintaining rigor and accountability. Founded by former operators at Instacart, Dashworks, and other leading technology companies, Midship is redefining how audit work gets done.

About Costanoa Ventures
Costanoa exists to elevate founders building companies of consequence. We lead investments from formation through Series A in Applied AI, AI Infrastructure, Cybersecurity, National Security, and Fintech. With $2.3B AUM, we’re boutique by design—making fewer investments to deliver deeper expertise and operational support when it matters most: the early, defining stages of growth. For more information, please visit www.costanoa.vc.

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