BIRMINGHAM, Ala., July 29, 2025 — Porter Capital is pleased to announce a newly funded $2MM receivables-based financing facility for a leading nationwide provider of technology deployment, repair, and logistics. With operations spanning across the U.S., this company supports mission-critical technology rollouts for enterprise clients. The relationship is expected to grow as the company accelerates client deployments and scales its operations nationwide.
The company turned to Porter Capital for a flexible working capital solution that could meet their operational demands. As a company that delivers custom deployment and infrastructure solutions for Fortune 500 clients, they needed immediate access to additional capital to support a large client billing on net 60 payment terms.
“From day one, the Porter team was responsive and helpful,” said the company’s CFO. “Their ability to move quickly and tailor a financing structure to our business needs was a major factor in selecting them as a partner. The process was smooth, transparent, and effective.”
“This is exactly the type of business we’re built to support,” said John Cox Miller, SVP, National Sales at Porter Capital. “This company is solving major challenges in the tech deployment space, and we’re proud to provide the working capital they need to keep moving fast to serve their clients.”
This partnership is another example of how Porter Capital delivers personalized, high-impact financing solutions for companies in growth mode. Whether supporting field service operations, contractors, or logistics firms, Porter moves with speed and precision to unlock capital when it’s needed most.
About Porter Capital Porter Capital Corporation was founded in 1991 by brothers Marc and Donald Porter in Birmingham, AL. The company provides working capital solutions to businesses nationwide across various industries. As a direct lender and factoring company, Porter Capital has funded billions since its inception. It offers Invoice Factoring services backed by a dedicated team committed to speed, flexibility, and service. Over the years, Porter Capital has expanded its services to include a specialized transportation division known as Porter Freight Funding. Porter continues to grow by offering fast, personalized working capital solutions backed by dedicated customer service. To learn more about Porter Capital Corporation and how it can support your business, call (205) 445-9445, email [email protected], or visit www.portercap.com.
With support from Wing, Norwest and S Capital, Lumana transforms passive security cameras into intelligent systems that can see, understand and act in real-time
LOS GATOS, Calif., July 29, 2025 — Lumana, the leader in AI video security solutions, today announced that it closed $40 million in Series A funding led by Wing Venture Capital with support from existing investors Norwest and S Capital. This latest round brings the total funding raised to $64 million. The funding will accelerate Lumana’s go-to-market activities and fuel continued product innovation across its video intelligence platform, which uses vision language models (VLM) and agentic AI to transform any camera into an intelligent real-time monitoring, detection and response system.
Sagi Ben Moshe, Lumana CEO and founder
“Lumana isn’t just another video security company. We are infusing AI into video in a way that not only transforms how organizations manage physical security, but also enhances safety and operational efficiency – all from a single platform,” said Sagi Ben Moshe, Lumana’s CEO and founder. “We’re building the infrastructure for cameras to perceive, understand context and take action in real-time – from detecting and responding to threats to uncovering safety and operational issues. This investment is a milestone in our mission, enabling us to accelerate growth to meet demand and provide our wide array of customers with physical world AI capabilities that are unmatched in the market today.”
From Static Cameras to Context-Aware, Intelligent Tools: Unlocking New Value from Video
Organizations are rapidly shifting from monitoring security camera infrastructure to AI-powered solutions that extract meaningful and proactive insights from existing camera feeds. The global market for AI in video surveillance is expected to more than double to $14.6 billion in the next four years; while use of the technology for video analytics is projected to more than triple, reaching $69 billion by 2028.
As companies grapple with staffing shortages, rising safety concerns and operational complexity, Lumana is helping them unlock more value from their existing infrastructure – turning passive cameras into intelligent, context-aware tools.
“Lumana is at the forefront of the AI video movement, enabling cameras to truly perceive the physical environment and deliver actionable insights in real-time,” said Peter Wagner, founding partner at Wing Venture Capital, who will join Lumana’s Board of Directors. “The company’s powerful platform converts ordinary video security infrastructure into a proactive, continually learning solution that enables users to scale security, safety and operational decision-making with a level of intelligence we’ve never seen in the industry before. I’m excited to work with Sagi and the team as they shape the future of video security and redefine how people and machines collaborate at scale.”
Comprehensive AI Across the Video Security Experience
Lumana’s platform integrates AI across the full video workflow and currently runs analytics on over a billion images a day, enabling behavior-based event detection, rapid investigations and operational insight generation. Users can centrally manage thousands of cameras and sites, receiving intelligent alerts and analytics tied to specific behaviors and objects, and search millions of hours of footage in seconds.
Recent feature enhancements include:
AI agents that function as dedicated assistants for security, identification, tracking, status, safety and compliance, and integration with third-party systems.
New alerts for various actions, including weapons, fire, falls, violence, protective gear, absence of people and vehicles, and more.
Customizable dashboards that translate video footage into actionable, impactful insights.
Investigative tools offering more than 100 search attributes, 10x to 15x more than existing video security systems.
Event tag, a feature that allows Lumana to integrate with external systems to index footage for future investigations and trigger alerts based on third-party data.
Diverse Customers Benefiting from Lumana
Since emerging from stealth in April 2024, Lumana has gained traction across diverse sectors, including retail, healthcare, manufacturing, hospitality and municipalities. Notable customers include McDonald’s, Meta, Minnesota Twins Baseball Club, New York University, Tuff Shed and more.
Customer Quotes
Gautam Bhayana, director of Process Improvement, Extech Building Materials, a building materials supplier with locations across New York and New Jersey “Our video investigation capabilities have advanced substantially, allowing us to reduce shrinkage and respond quickly to incidents. In one case, we quickly identified a recurring theft issue, shared the evidence with law enforcement and set up alerts to notify us if the individual returned to any of our locations. This combination of speed, accuracy and proactive monitoring has greatly enhanced our ability to prevent losses and strengthen store security.”
Matthew Bunning, safety and security specialist, Gateway Community & Technical College in Kentucky “Lumana has given us a powerful, end-to-end solution that makes it incredibly easy to keep our campus community safe. It’s reassuring to know we have an intelligent system continuously watching over our students, faculty and staff, 24 hours a day, seven days a week.”
Badal Patel, partner, SpinXpress, a laundromat chain servicing Illinois and Texas “Managing video security across our stores used to be complicated and fragmented. With over 200 cameras from different manufacturers, having one centralized system has delivered visibility and insights we never had before. With Lumana, we can now track customer traffic and dwell time, optimize staffing and service, while also securing our cash rooms by detecting when safes or sensitive doors are accessed. It’s reduced our investigation time from hours to seconds, improved our operational decision-making, and given us the peace of mind that we’re protecting both our customers and our business.”
About Lumana Lumana provides next-generation AI video security solutions that transform any camera into an intelligent sensor, helping organizations automate monitoring, extract meaningful insights, and accelerate incident response. Lumana combines modern video security hardware, cloud-based software, and cutting-edge AI analytics — all in a scalable and intuitive system. Backed by Wing Venture Capital, Norwest, and S Capital, Lumana unlocks the power of video data to improve security, safety, and operational efficiency. Founded in 2021, Lumana is headquartered in Los Gatos, Calif., with offices in Tel Aviv. Learn more at www.lumana.ai.
Financing co-led by new investors Sofinnova Investments and B Capital, along with an existing investor with continued support from F-Prime, Omega Funds, and Third Rock Ventures.
Additional new investors include Qatar Investment Authority and Alexandria Venture Investments.
Funding will support the advancement of lead asset AB001 through Phase II development, the progress of additional undisclosed programs toward IND readiness, and the expansion of a unique supply chain leveraging ARTBIO’s proprietary generator technology.
CAMBRIDGE, Mass. and OSLO, Norway, July 29, 2025 — ARTBIO, Inc. (“ARTBIO”), a clinical-stage radiopharmaceutical company developing a new class of alpha radioligand therapies (ARTs) to treat a range of cancers, today announced the closing of a $132 million Series B financing co-led by new investors Sofinnova Investments and B Capital along with a life sciences dedicated investment fund that invested previously. Further support came from existing investors F-Prime, Omega Funds, and Third Rock Ventures, and new investors Qatar Investment Authority and Alexandria Venture Investments. These proceeds will be used to advance the company’s development of ARTs.
“This sizable investment from both existing and new investors will enable ARTBIO to continue innovating therapies that treat a range of deadly cancers with power and precision,” said Emanuele Ostuni, Ph.D., CEO of ARTBIO. “Our team is grateful for the investment and recognition of the need to build a supply chain that matches the properties of the therapies and the unique payload that we use.”
This latest round of funding will support the advancement of ARTBIO’s pipeline, including its lead program, AB001, for metastatic castration-resistant prostate cancer, through Phase II clinical trials, and enable continued expansion of the company’s supply chain. The company plans to rapidly advance its manufacturing network infrastructure to supply global clinical trials, and ultimately, commercialization.
“ARTBIO’s approach to ART has the potential to positively change standards of care in cancer,” said Robert Mittendorff, M.D., General Partner at B Capital. “ARTBIO’s lead asset, AB001, is designed to fully harness the unique power of lead-212. My team and I are excited for what’s to come.”
A critical enabler of ARTBIO’s success is its patented AlphaDirect™ isotope isolation technology, which enables flexible production of clinical-grade lead-212 (212Pb) and therapeutic doses daily. This is achieved by a strategically distributed manufacturing network, improving access and de-risking common supply chain issues.
“With a differentiated ART portfolio and integrated manufacturing approach, ARTBIO represents the ideal company that we look to partner with,” said Maha Katabi, Ph.D., General Partner at Sofinnova Investments. “Equally impressive is their proprietary generator technology which is a game-changer for navigating around supply and production challenges for radioisotopes in today’s complex environment.”
About ARTBIO ARTBIO is a clinical-stage radiopharmaceutical company redefining cancer care by creating a new class of alpha radioligand therapies (ARTs). The unique ARTBIO approach selects the optimal alpha-precursor isotope (Pb212) and tumor-specific targets to create therapeutics with the potential for highest efficacy and safety. The company’s AlphaDirect™ technology, a first-of-its-kind 212Pb isolation method, enables a distributed manufacturing approach for the reliable production and delivery of ARTs. ARTBIO is advancing multiple pipeline programs with lead program AB001 in metastatic castration resistant prostate cancer currently in first in human trials. ARTBIO is shaped by a long-standing scientific legacy with nearly a century of pioneering work in radiation therapy conducted at the University of Oslo and Norway’s Radium Hospital. For more information, visit www.artbio.com, and follow us on LinkedIn.
First AI platform for private equity due diligence helps teams make confident investment decisions faster, pass on bad deals sooner, and uncover insights competitors miss
NEW YORK, July 29, 2025 — Keye today announced it has launched from stealth with $5 million in a Seed financing round from Sorenson Capital, General Catalyst, Y Combinator, ERA, Tiferes Ventures, Dunamu Ventures, and Palm Drive Capital. Angel investors who participated in the round include Kaz Nejatian (COO at Shopify), Philip Rathle (CTO at Neo4j), and Clark Valberg (former CEO of InVision).
Private equity teams face increasing pressure to evaluate more deals faster while maintaining rigorous analysis standards. Traditional due diligence processes are time-consuming, labor-intensive, and often fail to surface critical insights that separate winning deals from value traps. As competition intensifies and deal timelines compress, firms struggle to make confident decisions quickly without compromising on thoroughness, leading to missed opportunities and suboptimal investment decisions.
Keye addresses this with a platform that transforms raw deal files into structured, investor-ready insights that mirror how the smartest investors think. Built by former investors who experienced the challenges of diligence, Keye understands deal data, performs real analyses, and mirrors the workflows of top-performing deal teams. The platform delivers structured, audit-ready outputs that help teams say no sooner, say yes with confidence, and see insights their competitors never will.
“The diligence process hasn’t fundamentally changed in decades, even as the pace of dealmaking has accelerated dramatically,” said Rohan Parikh, founder & CEO of Keye. “We built Keye because we lived this pain as investors – spending weeks on manual analysis that could be automated, missing critical patterns in the data, and struggling to synthesize insights fast enough to win competitive processes. The biggest investors in this round were initially users who saw how our platform helps them create alpha through better decisions backed by real math.”
Unlike traditional AI tools that simply summarize documents, Keye performs genuine quantitative analysis with 100% accuracy. What previously took investors days to complete now takes minutes, delivering zero errors, no hallucinations, and Excel-ready outputs. The platform enables investors to compare every deal with contextual insights unavailable to competitors, resulting in faster decisions without compromising analytical rigor.
With Keye, investment firms can:
Find and Compile Data: Scan VDR files and make your data instantly usable in tables or wherever you need it
Catch Hidden Risks: Identify and flag key facts that impact your deal, customized to suit your investor profile
Perform Analysis: Quickly and easily spin up retention bridges, cohort analysis, or deep dive into price-volume effects.
Export Excel Models: Download any set of analyses into a spreadsheet with dynamic formulas already in place – no hard coded cells
Source Every Fact: Attribute each data point to the raw data source and see the math behind every calculation
Understand Your Needs: Talk to Keye like an associate to instantly make changes to tables and analyses on the fly
Benchmark Every Deal: Instantly compare performance, retention, margins, and more – across every deal your firm has ever seen.
This funding round will accelerate hiring, particularly for engineers and private equity domain experts, and expand Keye’s analytical capabilities to cover more verticals and expand to the broader M&A community.
“The Keye team is solving a significant pain point for private equity investors by unlocking the manual and time-consuming process of due diligence,” said Suril Butala, Vice President at Sorenson Capital. “As a customer of Keye, we’ve fundamentally evolved how deals progress through our pipeline. We have largely automated our data ingestion process and can get from the first meeting to extending a term sheet much quicker. Keye gives us the data we need to focus on the core questions of a business, especially since we can easily export all the analyses the platform builds into Excel, and we can’t see ourselves going a day without it anymore.”
About Keye
Keye is the first AI platform built exclusively for private equity. Keye understands the data, performs real analyses, and mirrors the workflows of top-performing deal teams. For more information, visit https://www.keye.co/
Cybersecurity veteran Kevin Mandia joins board as defense tech company expands battlefield-ready solutions
BOZEMAN, Mont., July 29, 2025 — Reveal Technology, a veteran-founded defense technology company, today announced the close of a $30 million Series B funding round. The investment was led by Ballistic Ventures, with participation from defy.vc, Booz Allen Ventures, Shield Capital, Next Frontier Capital, and Madison Valley Partners.
Founded by former U.S. Marine Corps officers and Stanford technologists, Reveal is part of a new generation of defense tech companies winning the trust of both investors and frontline users. The funding reflects a growing focus on battlefield-ready platforms, with Reveal developing real-time intelligence tools for mission-critical environments that work without cloud or connectivity.
Reveal has increased its revenue tenfold year over year, with products actively deployed across the U.S. Army, Special Operations Command, Marine Corps, law enforcement agencies and foreign military forces including Ukrainian Defense Forces, UK Ministry of Defence, and Israeli Defense Forces. Current deployments include Farsight tactical mapping software integrated across Marine Corps units and Army Nett Warrior programs, while Identifi biometric systems are in production for Special Operations forces across United States Army Special Operations Command (USASOC), Marine Forces Special Operations Command (MARSOC), and Naval Special Warfare (NSW) units.
As part of the Series B investment, Kevin Mandia, Co-founder and General Partner of Ballistic Ventures, will join Reveal’s board of directors. A former U.S. Air Force officer and founder of Mandiant, Mandia brings deep experience in cybersecurity and scaling national security companies. He joins Gen. Peter Pace, former Chairman of the Joint Chiefs of Staff, and Les Craig, a former CIA tech operations and Army Infantry officer.
“On the frontlines, whether a global conflict or a public safety operation, success increasingly hinges on having access to the best intelligence available offline, under fire and in real time. That’s exactly what Reveal delivers,” said Mandia. “Reveal’s technology accelerates human decision-making where and when it matters most. It’s built by people who have lived the mission, and we’re proud to support Garrett and the team.”
“Investors are starting to see what operators have known for years: the most valuable tools are the ones that work when everything else breaks down. This financing helps us double down on building products that work offline, under fire, and in real time,” said Reveal CEO and founder Garrett Smith, who continues to serve as a Marine Corps reserve officer, and who co-founded the company in December 2018 after experiencing operational technology gaps during his combat service.
Reveal positions itself as a software-first alternative to traditional defense primes, delivering offline platforms built for the tactical edge. The company’s flagship products include Farsight, which converts drone video into 3D maps on smartphones without internet connectivity, and Identifi, a mobile biometrics system for human identity vetting in tactical environments. Its product roadmap includes expansion into the electronic warfare and cyber domains, as well as technologies enabling autonomy and decision speed for human employment of tactical robotics.
“Reveal is building one of the most important defense technology platforms of our time, one that brings real-time, mission-critical intelligence directly to the edge. Their ability to operate without the cloud or constant connectivity is a game-changer for teams in the field,” said Neil Sequeira, Co-Founder and Managing Director of defy.vc. “We were drawn to Garrett and the team from its inception due to their deep operational experience, technical rigor, and unwavering commitment to the warfighter. Defy is proud to support Reveal as they scale into a multi-product company delivering cutting-edge, decentralized solutions for national security.”
Reveal Technology was founded in December 2018 and is based in Bozeman, Montana. The company has received previous funding, including an $11.2 million Series A round in 2024 led by Next Frontier Capital.
About Reveal Technology, Inc. Reveal Technology is a veteran-founded defense technology company building the ecosystem for autonomy at the tactical edge. Founded by former U.S. Marine Corps officers and Stanford technologists, Reveal delivers offline intelligence platforms that work when connectivity doesn’t, enabling real-time decision-making in contested environments. The company’s flagship products, Farsight (3D mapping from drone video) and Identifi (mobile biometrics), are deployed across U.S. Army, Special Operations Command, Marine Corps, and international forces. Based in Bozeman, Montana, with a team that is 50% active military and veterans, Reveal Technology is dedicated to providing warfighters with mission-critical tools that work offline, under fire, and in real time.
Ballistic Ventures Ballistic Ventures is a venture capital firm solely dedicated to early-stage cybersecurity and cyber-related companies. The partners have spent their entire careers defending against every cyber threat conceivable. Members of the firm have founded, operated, and funded over 100 successful cybersecurity firms – including Abnormal Security, AlienVault, ArcSight, Fortify, Mandiant, and Shape Security – led over 10,000 security professionals globally, and have 40+ years of experience in venture capital. Our experience provides entrepreneurs impactful support from people focused on the same mission. Our networks and relationships open doors for our founders. Learn more at ballisticventures.com.
About defy.vc Founded in 2016, defy.vc is a Silicon Valley based early stage venture capital firm. Defy was founded to invest in entrepreneurs and companies looking to solve complex problems. Defy’s focus is to help early stage companies mature and scale into companies ready for growth capital. The firm’s team has more than 50 years of venture experience, successful operating backgrounds, and actively helps successful entrepreneurs grow companies from inception through exit. Connect with defy at https://defy.vc/ and @defyvc.
IDB Invest and Banco Latinoamericano de Comercio Exterior (Bladex, NYSE: BLX), co-led a comprehensive financing package of up to $205 million for Tigo El Salvador to expand broadband infrastructure and support digitalization.
The financing will help increase access to affordable smartphones and digital services, bridging the digital gap across El Salvador.
PANAMA CITY, July 28, 2025 — IDB Invest and Bladex are providing a financing package to Telemóvil El Salvador, S.A. de C.V. (Tigo), a subsidiary of Millicom International Cellular S.A., to support the expansion of Tigo’s fixed broadband network, enhance the capacity and quality of its mobile infrastructure, and refinance maturing debt.
The package includes a $150 million loan, co-structured by both institutions, with $75 million contributed by IDB Invest and $75 million by Bladex, as well as a $30 million Revolving Credit Facility (RCF), and a $25 million Digital Account Receivables Discount Facility, both fully provided by IDB Invest. The RCF will support the acquisition of specialized equipment, while the Digital Discount Facility will finance the sale or lease of smartphones and digital services to clients, broadening access to mobile broadband, especially for middle- and low-income users. Through this innovative facility, IDB Invest may purchase receivables from Tigo and provide liquidity for device financing, helping close the affordability gap in handset access.
As data traffic is expected to surge in the coming years, expanding and upgrading network infrastructure is crucial to improving productivity, digital inclusion, and economic resilience. By enhancing broadband services, the project aims to unlock access to digital education, telehealth, and e-commerce opportunities for underserved populations.
About IDB Invest
IDB Invest is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $21 billion in assets under management and over 394 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website www.idbinvest.org/en.
About Bladex
Bladex is a multinational bank founded in 1979 by the central banks of Latin America and the Caribbean to promote trade finance and economic integration in the region. Headquartered in Panama, with representative offices in Argentina, Brazil, Colombia, Mexico and an agency in the United States, the Bank provides financial solutions to institutions and corporations throughout the region. Listed on the New York Stock Exchange (NYSE: BLX) since 1992 and on the Mexican Stock Exchange for more than 10 years, Bladex has consolidated its presence in the international financial markets. Its shareholder base includes central banks, government entities and banks from 23 Latin American countries, as well as institutional and private investors.
About Tigo El Salvador
Tigo, the commercial brand of Millicom, has been driving El Salvador’s digital evolution since 1992. With mobile coverage reaching over 95% of the country, it leads in telecommunications and digital services. Tigo offers high-speed internet, mobile, cable TV, and access to top streaming platforms. It also offers exclusive sports content through Tigo Sports. Through Tigo Business, it supports companies of all sizes with tailored connectivity solutions. And with Tigo Money, it promotes financial inclusion by delivering secure, tech-driven financial services to all Salvadorans.
DOWNERS GROVE, Ill., July 28, 2025 — Indvestia Ventures LLC has officially filed a lawsuit in DuPage County Circuit Court against Dirty Dough Franchising LLC and its successor entity, Craveworthy LLC, citing breach of contract .
In 2023, Indvestia entered into a multi-state franchise development agreement that granted exclusive rights to expand Dirty Dough throughout Illinois, Wisconsin, and Northwest Indiana. Relying on representations from Dirty Dough’s leadership, Indvestia invested significant capital and began building a pipeline of franchisees across the region.
The suit alleges Dirty Dough failed to honor its obligations, including non-payment of agreed-upon franchise and royalty fees, and the failure to maintain legally required franchise registrations in Indiana—thereby obstructing Indvestia’s ability to exercise its development rights.
In early 2024, Craveworthy Brands—a Chicago-based restaurant group led by former Jimmy John’s CEO Gregg Majewski—acquired Dirty Dough and, as the legal successor, assumed its assets and liabilities. Despite this, Craveworthy has yet to fulfill the contractual obligations that Indvestia alleges are owed under the agreement.
Craveworthy markets itself as a “growth accelerator” for emerging restaurant concepts—recently announcing high-profile partnerships with Shaquille O’Neal’s Big Chicken and Jon Taffer’s Taffer’s Tavern. According to Vick Mehta, Principal of Indvestia Ventures, “We believe in holding our partners accountable to the agreements they sign and the entrepreneurs they rely on. It’s unfortunate that Craveworthy appears to prioritize brand promotion and celebrity partnerships while disregarding the obligations owed to those helping build its foundation.”
“We look forward to our day in court,” Mehta added. “This case is not just about a broken promise—it’s about protecting the integrity of the franchising ecosystem and ensuring those who invest in good faith are treated fairly.”
Indvestia Ventures is a strategic subsidiary of Indvestia Capital, an investment arm focused on fueling the expansion of high-potential emerging brands and startups across the retail landscape. By leveraging its deep experience in commercial real estate and retail development, Indvestia Ventures not only provides growth capital—but also strategic support, site selection guidance, and operational expertise to help brands scale faster and smarter.
SAN FRANCISCO, July 28, 2025 — E2B, the leading provider of open-source cloud infrastructure specifically designed for AI agents, has raised a $21 million Series A funding round led by global software investor Insight Partners, with participation from Decibel, Sunflower Capital, and Kaya, along with prominent angels such as Docker’s former CEO Scott Johnston. The investment will enable E2B to accelerate the expansion of its cloud infrastructure offerings, enhance its open-source interoperability with other infrastructure providers, and scale its enterprise-focused engineering and go-to-market teams globally.
This funding round reflects E2B’s vision of having dedicated infrastructure for agents with secure and safe sandboxes that can spin up rapidly, providing computer-use features for agents to carry out complex, multi-step tasks. This vision is embraced by 88% of Fortune 100 companies that have already signed up with E2B.
E2B’s customer list already includes leading AI innovators such as Hugging Face, Perplexity, Groq, and Manus. Beyond these, E2B is used by top foundation model providers and Fortune 100 enterprises. These companies leverage E2B’s sandboxed cloud environments to run secure, complex agentic workflows that can reduce deployment times, boost security, and accelerate innovation.
“The expectations we have from AI agents in the enterprise are great. However, we expect them to scale and perform on legacy infrastructure not designed for agentic use,” said Vasek Mlejnsky, Co-founder and CEO of E2B. “E2B solves this by equipping AI agents with safe, scalable, highly performant cloud infrastructure as well as tools that help agents scale in production.”
E2B plans to strengthen its open-source sandbox protocol as a universal standard and further develop enterprise-grade modules like secrets vault and monitoring tools.
“Insight Partners is excited to back E2B’s visionary team as they pioneer essential infrastructure for AI agents,” said Praveen Akkiraju, Managing Director at Insight Partners. “Such rapid growth and enterprise adoption can be difficult to achieve, and we believe that E2B’s open-source sandbox standard will become a cornerstone of secure and scalable AI adoption across the Fortune 100 and beyond.”
“The future of enterprise productivity is agent-driven,” added Mlejnsky. “Our goal is to provide the standard runtime infrastructure for this new era of work.”
About E2B
E2B provides open-source cloud sandboxes for AI agents, equipped with all tools necessary for them to complete complex tasks like generating analyst-grade reports or building websites from a single prompt. E2B is trusted by enterprises and hyper-growth startups like Perplexity, Hugging Face, and Groq to securely deploy, scale, and manage complex AI agentic workflows.
About Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2024, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.
New investment from BDC’s investment arm, BDC Capital, Lobby Capital, Flying Fish, and J-Ventures will accelerate Apera AI’s growth across international automotive, Tier 1 supplier, and industrial manufacturing sectors.
VANCOUVER, BC, July 28, 2025 — Apera AI, the leader in 4D Vision for industrial robotic automation, today announced the closing of an over-subscribed Series A financing round. The round includes a significant new investment from BDC’s investment arm, BDC Capital, Canada’s most active venture capital investor, alongside increased participation from existing investors Lobby Capital, Flying Fish Ventures, and J-Ventures. The capital will accelerate Apera AI’s rapid growth, enabling further investment in people, processes, and product innovation in 4D Vision technology for AI-powered robotic automation.
Apera AI Welcomes Four New Executives
New funding comes amid surging demand for robotic automation across global manufacturing. Apera AI is already experiencing nearly 3X year-over-year revenue growth and has established a strong customer base that includes all six major North American automotive OEMs, their Tier 1 suppliers, and more than 100 industrial manufacturers.
“At BDC, we hold a firm belief that hard tech investments in industrial innovation are pivotal in fueling economic expansion and addressing future opportunities,” said Aditya Aggarwal, Managing Partner, Industrial Innovation Venture Fund, BDC Capital. “We see 4D Vision as transformative innovation for vision-guided robotics to unlock industrial manufacturing automation. The world’s top automotive manufacturers and dozens of global industrial companies already rely on Apera AI’s technology. We’re thrilled to invest in their future, and help create another Canadian champion.”
As part of its expansion strategy, Apera AI has strengthened its executive leadership team with four new appointments. Peter Brouwer joins as Senior Vice President of Global Sales, Genèse Castonguay has been appointed Vice President of Marketing, Joseph Lee, CA joins as Chief Financial Officer, and Robert St-Jacques assumes the role of Vice President of People. Each brings extensive experience scaling high-growth technology companies across AI, automation, and enterprise software.
“This is an exciting time of growth at Apera AI,” said Sina Afrooze, CEO and Founder of Apera AI. “Our 4D Vision technology is solving robotic automation challenges that were previously impossible by unleashing the true power of AI for real-world manufacturing. With this infusion of capital and a world-class leadership team, we’re scaling our ability to serve the most advanced manufacturers in the world.”
Solving Complex Automation Challenges with 4D Vision
Apera AI’s patented 4D Vision platform combines cutting-edge 3D vision with AI—the “fourth dimension”—to give industrial robots human-like vision and advanced artificial intelligence. This enables high-speed, precise performance in applications such as bin picking, de-racking, and complex assembly. Unlike traditional 3D vision systems that often falter in real-world manufacturing, Apera AI’s 4D Vision is powered by AI and enables robots to adapt to shifting bins, changing lighting conditions, worn grippers, and complex part geometry—unlocking robot speed, accuracy, and reliability in the most demanding industrial settings.
“Our customers aren’t just looking for tools—they’re looking for long-term partners who can scale with them,” said Brouwer, SVP of Global Sales. “Apera AI is uniquely positioned with the right technology, expertise, and now capital to meet that need. We’re doubling our sales team and opening a new office in Detroit this fall to be even closer to our customers in North America’s manufacturing heartland.”
Making AI Invisible: No-Code Artificial Intelligence for the Factory Floor
Apera AI’s ongoing product innovation focuses on making advanced automation accessible. Recent releases include no-code setup tools, AI-powered calibration, and real-time diagnostics—all designed to minimize deployment time and maximize operational reliability.
“AI is most powerful when it’s invisible,” said Castonguay, VP of Marketing. “Manufacturers shouldn’t have to think about machine learning—Apera AI let’s engineers focus on production, uptime, and performance. Our mission is to make vision-guided robotic automation radically more accessible.”
Built for Manufacturers, Backed by Experts
With a growing team across North America and Europe, Apera AI has built a reputation for delivering outstanding engineering support, reliable deployments, and measurable ROI. The company’s partner-centric approach ensures that every deployment is aligned with production goals and delivers long-term value.
“With global demand for intelligent automation at an all-time high, Apera AI’s Series A round marks a pivotal moment for the company—and a major leap forward for the industry,” said Buddy Arnheim, Founding Partner at Lobby Capital. “Apera AI is delivering not just a product, but a new standard for robotic vision in real-world manufacturing.”
About Apera AI Inc.
The pioneer in 4D vision for robotic automation, Apera AI makes factories more productive by empowering robots with human-like vision and advanced artificial intelligence, dramatically increasing speed and accuracy. Its patented 4D Vision system unlocks factory performance, enabling automotive OEMs, Tier 1 suppliers, and other industrial manufacturers to achieve unmatched levels of productivity, quality, and cost savings. To learn more, visit www.apera.ai.
Media Contacts:
Genèse Castonguay Vice President, Marketing Apera AI Inc.
