NEW YORK, July 15, 2025 — Dakota, the crypto-integrated business banking platform, today announced it has raised $12.5 million in a Series A funding round led by CoinFund, with participation from 6th Man Ventures (6MV) and Triton Ventures. The new capital will accelerate Dakota’s mission to build the world’s first globally accessible business bank account, combining the speed and transparency of stablecoins with the safety of U.S. Treasuries to enable modern, borderless finance.

Founded by veterans from Coinbase, Square, and Airbnb, Dakota is reimagining how businesses move and store money across borders. Its platform enables companies to hold and transfer funds across USD or stablecoins while accessing familiar payment rails, such as ACH, Fedwire, SWIFT, and SEPA. Behind the scenes, Dakota leverages blockchain technology to enable near-instant, verifiable transfers, keeping customer funds fully reserved and under the client’s control.

Since launching in 2023, Dakota has already attracted over 500 business customers – from tech startups to international nonprofits – processing billions of dollars in annualized transaction volume. By using stablecoins as settlement rails and backing deposits 1:1 with U.S. Treasuries, Dakota eliminates the counterparty and liquidity risks that have plagued traditional banks, especially in the wake of recent crises like the Silicon Valley Bank collapse.

“Companies are increasingly default global and they‘re being hamstrung by slow wire transfers, limited banking access, and the reality that once money goes into a bank, customers lose control,” said Ryan Bozarth, CEO and co-founder of Dakota. “Our goal with Dakota is to bring banking into the internet age — giving businesses the ability to move money as instantly and freely as information travels, without sacrificing security or compliance.”

The timing couldn’t be better. In the U.S., Congress is making meaningful progress on stablecoin legislation, with bipartisan support coalescing around frameworks like the GENIUS Act, signaling long-awaited regulatory clarity for dollar-backed digital assets. Globally, jurisdictions from the EU to Hong Kong are following suit, accelerating the shift toward compliant, mainstream adoption. Major incumbents are taking notice. Payments giant Stripe recently acquired stablecoin startup Privy and Bridge, while PayPal has launched its own stablecoin to keep pace with evolving market demands. These moves underscore how stablecoins are becoming an integral part of modern payments, offering businesses 24/7, borderless money movement at a fraction of the cost of traditional methods.

“We believe stablecoins can revolutionize business banking,” said Alex Felix, CIO of CoinFund. “Dakota is unlocking that potential by combining the familiarity of a bank account with the power of crypto rails. They‘re not asking mainstream businesses to change how they operate — they‘re upgrading the engine under the hood.” 

With the Series A money in hand, Dakota is expanding its product suite and geographic reach. The startup recently rolled out corporate cards, allowing clients to spend their funds via virtual cards while setting custom spend controls for their teams. It also added support for the international SWIFT and SEPA payment networks, on top of its existing U.S. ACH and wire capabilities, aiming to make sending money abroad as simple as a domestic transfer. Dakota is broadening its onboarding to customers across 100+ jurisdictions, including in the UK, EU (under MiCA regulations), Singapore, and Latin America.

“Business today is borderless, and dollars are a universal language,” notes Bozarth. “We want to give entrepreneurs from Bogotá to Bangalore the same access to U.S. dollar banking that a startup in San Francisco would have.”

From a user perspective, Dakota feels like a typical fintech app; the blockchain complexity stays under the hood. Clients can send or receive payments via regular bank accounts without handling crypto directly, as Dakota seamlessly converts funds to and from stablecoins behind the scenes.

Dakota is betting on a comprehensive approach, blending global payment rails, multi-currency treasury management, and globally available corporate cards, will set it apart. The founding team’s pedigree lends it credibility in both camps: Bozarth and his colleagues built security systems that safeguarded over $100 billion in digital assets, and also helped scale consumer platforms to millions of users. That mix of experience may prove valuable as they navigate the complex intersection of banking and blockchain.

Dakota’s leadership is focusing on execution: growing its customer base, securing more banking partnerships, and continuing to invest in compliance and regulatory efforts. The company is betting that in a few years, startups will routinely hold dollars on-chain and send payments worldwide in seconds, as easily as sending an email. If that vision pans out, Dakota could emerge as one of the pioneers of stablecoin-powered banking. And thanks to its new funding, it has a running start in that race.

Businesses can get started today at dakota.xyz and experience modern banking built for the internet age.

SOURCE CoinFund

IntuigenceAI achieves unprecedented 81% first-time pass rate on the standardized NCEES Professional Engineering test

BERKELEY, Calif., July 15, 2025 — To address a major workforce shortage of engineers while reducing major industrial disasters caused by human error, AI startup IntuigenceAI announced the world’s first superintelligent AI-based engineer platform, IntuiAI™, designed as a multiplier for time-strapped human engineers. Additionally, the company is also announcing that it has raised a large $10M seed round led by Innovation Endeavors with additional funding from Recursive Ventures and Think+.

IntuigenceAI, based out of Berkeley, California, achieved a first-time pass rate of 81% on the standardized NCEES Professional Engineering (PE) exam for both chemical and mechanical engineering, respectively—beating out ChatGPT-4o and DeepSeek by more than eight times. IntuigenceAI, which calls its AI agents “Intuigents,” is available at launch as a highly trained chemical or mechanical AI engineer, with several other Intuigents to follow including civil, electrical, industrial and materials engineers. Each Intuigent can work safely alongside human talent to accelerate common industrial workflows.

Several Fortune 100 companies are completing successful pilots with the objective of saving millions of dollars by automating tedious workflows across the $3.4 trillion engineering industry. These workflows consume weeks or even months of engineering resources, which IntuigenceAI says can be reduced to days, hours, or even minutes, freeing engineers for more complex tasks requiring human ingenuity and intuition.

Several well respected engineering leaders have shown strong early support for Intuigences’ value.

“Before Intuigence’s synthetic AI engineers, it was unimaginable that operational workflows can be automated so quickly. The industry is used to months, not hours,” said Ibrahim A-Syed, head of Digital Transformation at Celanese.

“As someone who has spent decades in process automation, advanced control and optimization, I see IntuigenceAI as the next generation of industrial technology,” said Doug Raven, a former senior engineer from Saudi Aramco’s Corporate Engineering department and recipient of the top Saudi Aramco Excellence Award. “There’s clearly a workforce shortage coming as experienced engineers retire, and this technology represents a powerful solution for knowledge capture and leveraging engineering expertise. IntuigenceAI can help companies capture their unique methodologies and institutional knowledge while enabling engineers to focus on higher value-added work like process innovation, optimization, and complex problem-solving. The vision of multiplying human engineering capabilities is exactly what the industry needs to address both the skills gap and the complexity of today’s multi-million dollar, multi-year projects.”

According to an analysis by the Coalition to Prevent Chemical Disasters, there is a new chemical accident every two days in the US. Equipment failure and human error can have catastrophic consequences in industrial environments. Infrastructure projects average 28% cost overruns with 85% exceeding budget, while workers spend 14+ hours weekly just looking for project data.

“AI has the potential to save millions of dollars and many lives by addressing a serious engineering talent shortage, and skills deficit,” said Moe Tanabian, CEO and founder of IntuigenceAI. “While AI has quickly revolutionized software development, using engineering-purpose AI for industrial workflows and data analysis has not been feasible until now.” Tanabian was formerly Global Vice President and executive product leader at Microsoft, Amazon and Samsung. “IntuigenceAI frees up engineers to do what they’re best at while allowing AI to quickly make sense out of messy or even incomplete datasets. It’s designed both for entry-level engineers as well as experienced engineers to help automate time-consuming industrial workflows. We believe AI will be able to expand the global engineering capacity from 30 million to one billion engineers worldwide. It’s going to be a very different and much better world for future generations.”

“We’re proud to lead the investment in IntuigenceAI as they build the AI copilot for complex industrial engineering,” said Scott Brady, Managing Partner at Innovation Endeavors. “This is a purpose-built system already outperforming top chemical engineers on professional benchmarks. In a $4 trillion sector facing massive workforce challenges, with up to 50% of skilled talent set to retire by decade’s end, solutions like this are essential to keeping the industry running.”

How It Works
IntuigenceAI’s synthetic engineers integrate directly into industrial workflows through the company’s Intelligent Board platform. It combines both LLM, reasoning and agentic workflows. The platform, known as IntuiAI, can be used as a data assistant but also an interactive AI whiteboard. Engineers upload technical drawings and equipment manuals, while the system automatically pulls in live data from industrial monitoring systems. IntuiAI breaks down complex problems into manageable tasks, assigns analysis to trained IntuigenceAI Chemical or Mechanical AI Engineers, and provides recommendations with clear approval checkpoints for human verification. The “Intuigents” are further trained based on proprietary data from the customer and other domain expertise.

For example, IntuigenceAI can automate maintenance planning by gathering equipment specifications, determining material requirements like gaskets and bolts, and filling out detailed isolation planning forms that specify exact technical needs. This efficiency gain allows engineers to focus on higher value activities such as process optimization, yield improvement projects, and strategic troubleshooting that drive real business impact.

Microsoft Integration Enables Enterprise-Scale Deployment
IntuigenceAI’s platform integrates with Microsoft Fabric and Microsoft OneLake to deliver industrial AI workload at enterprise scale, enabling Fortune 500 companies to deploy synthetic engineers while leveraging their existing Microsoft investment. The integration connects the IntuiAI platform to industrial data sources through Microsoft OneLake’s secure infrastructure while utilizing multiple AI models, including Azure OpenAI and IntuigenceAI’s own fine-tuned Industrial LLMs running on Azure—alongside an industrial knowledge graph on Fabric, and Azure that captures engineering expertise.

“Intelligently accessing and processing industrial data is vital for the success of any production-oriented business. By integrating IntuigenceAI’s synthetic AI engineer with the Microsoft Fabric open data platform, we are addressing the critical workforce shortage in industrial sectors. This collaboration empowers thousands of Microsoft Fabric customers to easily transform their industrial operations data into actionable insights, driving innovation and efficiency across the industry,” said Uli Homann, Corporate VP & Distinguished Architect, Microsoft.

The integrated solution also enables IntuigenceAI’s synthetic engineers to join Microsoft Teams calls with field engineers, analyze equipment performance in real-time, and handle complex workflows while leveraging Microsoft Fabric as the secure data backbone.

Founded in 2024, IntuigenceAI has 12 employees with team members from Microsoft, Amazon, Meta/Facebook, and the Berkeley AI Research Lab. IntuigenceAI creates synthetic engineers specifically for industrial operations, working with Fortune 500 customers including major energy and oil and gas companies in pilot phases.

Looking ahead, Tanabian envisions that reaching one billion AI engineers globally will fundamentally transform how humanity tackles its greatest challenges. “A billion synthetic engineers will free up human ingenuity from mundane tasks, allowing us to focus on breakthrough innovations,” he explains. This expanded engineering capacity could accelerate breakthroughs in clean energy production, affordable housing and infrastructure, clean water systems, accessible healthcare technologies, sustainable agriculture systems, educational platforms, disaster preparedness, and even space exploration powered by fusion energy and quantum computing. “We’re not just scaling engineering—we’re scaling human potential to solve problems that matter,” Tanabian adds.

Real-World Applications
The IntuigenceAI synthetic AI engineers, which can connect to other systems, join Microsoft Teams calls with field engineers, analyze equipment performance in real-time and handle complex workflows while leveraging Microsoft Fabric as a data store. For instance, when a heat exchanger shows efficiency drops, the Chemical AI Engineer identifies fluid composition changes while the Mechanical AI Engineer reviews inspection and maintenance histories, delivering comprehensive analysis that previously required weeks of coordination between multiple specialists.

Visit https://www.intuigence.ai/ to learn more or reach out to [email protected].

To view the press kit, click HERE.

About IntuigenceAI
IntuigenceAI is a Berkeley-based AI company that creates synthetic AI engineers designed to work alongside human talent in refining, petrochemicals, pulp and paper, steel making, and automotive industries. Founded by former Microsoft, Amazon, and Samsung executive Moe Tanabian, the company aims to expand global engineering capacity from 30 million to one billion engineers worldwide, potentially accelerating breakthroughs in renewable energy, infrastructure development, and clean water systems. IntuigenceAI’s AI agents achieved an 82% pass rate on standardized Professional Engineering exams and are helping Fortune 100 companies automate complex, labor-intensive engineering workflows. For more information, visit https://www.intuigence.ai/.

Media Contact:
[email protected]

SOURCE IntuigenceAI

A new class of AI-native infrastructure is setting the benchmark for how contractors compete in the new federal economy

SAN FRANCISCO, July 15, 2025 — Vultron, the creator of the Agentic Operating System transforming federal growth, announced today that it has raised a total of $22 million, including its latest Series A funding round. The round was led by Raycroft with participation from Craft Ventures, Long Journey, South Park Commons and strategic angel investors. Craft Ventures, co-founded by White House AI adviser David Sacks, backed the round, signaling investor confidence that Vultrons is the category-defining system for AI-driven federal growth. This funding will accelerate Vultron’s mission to transform enterprise federal growth and elevate the workforce.

“This raise reinforces Vultron’s position as a key partner for contractors navigating a rapidly evolving federal landscape,” said Mac Liu, CEO of Vultron. “Demand for our product has never been stronger, and with this new capital, we’re ready to support our customers even more deeply and effectively.”

Vultron’s Agentic OS is purpose-built for the demands of a shifting federal procurement landscape where speed, strategic precision and alignment with national priorities like digital modernization, AI-readiness and resilience determine who wins. The platform has attracted a significant number of multibillion-dollar Fortune 500 enterprises and leading federal contractors across defense, aerospace, technology and other mission-focused organizations. Customers report reducing proposal timelines from weeks to days, tripling pipeline coverage, and unlocking substantial workforce leverage—one Fortune 500 enterprise now saves more than 20 hours per user each week on capture and proposal execution.

“Working with Vultron is like doubling our team overnight,” said Director of Capture and Proposal at a top defense contractor, Rachel Wyatt. “We have increased productivity by more than 30% without expanding headcount.”

“Vultron is redefining the future of work for government contractors and commercial organizations in mission-critical industries,” said Bryan Subijano, investor at Greycroft. “Vultron infuses AI and federal contracting expertise into an intelligent, best-in-class platform, enabling companies to centralize data, create organizational intelligence and leverage AI to develop higher quality proposals faster. Customers across Fortune 500 and SMB organizations achieve tremendous results that transform their business. We are excited to partner with Mac Liu and the entire Vultron team.”

The investment will expand Vultron’s research team and accelerate its go-to-market strategy, enabling the company to meet the demand for their Agentic OS and advancing the future of work, where AI doesn’t just automate tasks but transforms how federal teams operate, grow and scale.

About Vultron
Vultron is the Agentic Operating System for federal growth, setting a new benchmark for how contractors pursue, develop and win work. By combining AI-native infrastructure with modular workflows and embedded strategic guidance, Vultron enables business development and proposal teams to operate with greater speed, clarity, and precision. Headquartered in San Francisco and backed by top-tier investors including Greycroft, Craft Ventures, Long Journey and South Park Commons, Vultron is redefining how federal contractors compete in a rapidly evolving federal landscape. For more information, visit vultron.ai.

Media Contact:
Vultron Media Team
4236055553
[email protected]

SOURCE Vultron

TEMPE, Ariz., July 15, 2025 — GT Medical Technologies, Inc., a medical device company dedicated to improving the lives of patients with brain tumors, today announced the company has completed the close of its oversubscribed $53 million Series D equity financing.

The final close of the Series D comprised an additional $16 million from new investors including FemHealth Ventures, Warren Point Capital, an undisclosed strategic investor, and increased commitments from all existing institutional investors. Earlier this year, GT Medical Technologies announced the completion of a $37 million first close of the Series D equity financing led by Evidity Health Capital, alongside new investor Accelmed Partners and existing investors MVM Partners, Gilde Healthcare, and Medtech Venture Partners.

“Increasing the size of the Series D allows us to stay focused on driving results for patients into the foreseeable future,” said Per Langoe, Chief Executive Officer at GT Medical Technologies. “We are thankful for our investors’ continued support as we expand our commercial footprint and clinical initiatives for GammaTile®.”

The company will use the funds to drive the expansion of its U.S. commercial activities for GammaTile. In addition, the financial resources will enable GT Medical Technologies to complete enrollment of its ROADS randomized controlled trial for newly diagnosed brain metastases and will fund an additional randomized control trial of GammaTile in newly diagnosed glioblastoma cases.

“FemHealth Ventures is excited to join GT Medical Technologies as an investor and support the commercial acceleration of GammaTile Therapy,” stated Maneesha Ghiya, Managing Partner at FemHealth Ventures. “We are proud to back a company that is transforming the standard of care in oncology and shares our commitment to improving health outcomes, including meaningful applications in women’s health.”

GammaTile is an innovative form of radiation therapy placed at the time of brain tumor removal surgery, delivering immediate, targeted radiation to the tumor site when cancer cells are at their lowest levels. Unlike conventional approaches, which often require a delay between surgery and radiation therapy to allow for wound healing, GammaTile eliminates this treatment gap. By delivering immediate, localized radiation directly at the tumor site, it is designed to maximize the treatment’s effectiveness against remaining cancer cells to reduce the risk of regrowth.¹

“The completion of an oversubscribed Series D equity financing from premier medical device investors is a testament to the important work of our team and mission,” added James Leech, Chief Financial & Strategy Officer of GT Medical Technologies.

Recent GT Medical Technologies Milestones

GT Medical Technologies recently celebrated important milestones, reflecting the growing adoption of GammaTile. To date, more than 1,900 patients have been treated with GammaTile Therapy, and over 800 patients have been enrolled in GammaTile clinical studies.

Looking Ahead

GT Medical Technologies anticipates completing enrollment in both the ROADS and GESTALT studies in Q3 2025.

About GT Medical Technologies, Inc.

GT Medical Technologies was founded by a dedicated team of brain tumor specialists to address unmet needs in brain tumor treatment. The company is committed to improving the lives of patients with brain tumors through innovative solutions that elevate the standard of care.

About GammaTile

GammaTile is an FDA-cleared, bioabsorbable collagen implant embedded with radiation seeds, designed for patients with operable brain tumors. By delivering radiation directly from within—placed into the surgical cavity at the time of tumor removal—GammaTile provides immediate, localized treatment. This approach targets remaining cancer cells when they are at their lowest levels to help prevent regrowth while minimizing radiation exposure to healthy brain tissue.

Since its full market launch in the United States in March 2020, GammaTile has been adopted by more than 100 leading centers, underscoring its growing acceptance in both academic and community healthcare settings. For more information, visit gammatile.com and follow @GammaTile on Facebook, Instagram, LinkedIn and X. 

Media Contacts
Dawn Fallon
New Dawn Communications LLC
[email protected]
732-771-7808

References

1. Garcia MA et al. J Neurooncol. 166:203-212 (2024).

SOURCE GT Medical Technologies

Venrock leads financing round to accelerate Collate’s AI-first mission for enterprises through the open source community

MENLO PARK, Calif., July 15, 2025 — Collate, the creator of OpenMetadata, the leading open source project for data intelligence, today announced it has raised $10M in Series A funding led by Venrock. Additional investors include Unusual Ventures and Karman Ventures.

This funding comes as Collate gains significant traction enabling customers like Mango, fundcraft, and Decisiv to easily find, understand, and govern the data they need to increase data team productivity and innovate faster for their customers. This has resulted in Collate’s ARR growing more than 350% YoY.

“What makes Collate unique is its ability to solve the last-mile data challenges for modern data teams,” said Ganesh Srinivasan, Venrock partner and former Chief Product Officer of Confluent, who will be joining Collate’s board of directors as part of the investment. “Collate Co-Founders Suresh Srinivas and Sriharsha Chintalapani have an incredible track record of identifying and building disruptive products that are ahead of the market, and we couldn’t be more excited to lead this Series A round to support them in their AI-led innovation.”

Solving the problems of modern data teams

Despite massive investments in data platforms, businesses of all sizes are struggling to realize the full value of data and AI. The proliferation of data and tools has created silos and fragmentation, as businesses struggle to address key issues:

• Disconnect between business and technical teams when working with data
• Lack of trust in data throughout the company due to quality issues
• Manual, fragmented tooling adding friction and slowing productivity

Collate’s agentic data intelligence platform automates tasks and drives collaboration for data teams. It completes the virtuous cycle with AI built for data teams, enabling them to deliver the data needed for AI-readiness. Collate’s orchestrated suite of agentic workflows and human workspaces creates a unified solution built on the open source core of the fastest growing project in the space, OpenMetadata. OpenMetadata was recently recognized with a $10,000 grant from Bloomberg’s FOSS (Free and Open Source Software) Contributor Fund for its rapid growth and importance to the OSS community, and provides the open foundation for Collate’s expansion.

“Collate has been a game changer for strengthening our data culture,” said Victor Martin, CTO of fundcraft. “The biggest impact we’ve seen is accelerated development speed and improved cycle times, since our teams can now focus quickly on what matters most. We’ve already achieved significant business outcomes, and we expect even more as we continue to extend our data strategy with Collate.”

A forward vision from veteran data leaders

Srinivas and Chintalapani bring more than four decades of experience and helped create industry-standard tools like Apache Hadoop, Apache Kafka, and Uber DataBook, and were the founders of Hortonworks. Their vision for Collate is to deliver AI-powered data discovery, observability, and governance. The platform is built on a Unified Knowledge Graph, democratized user experience, and open source technologies, giving modern data teams the tools they need to manage data in the AI era.

“Collate’s Series A couldn’t come at a more critical time,” said Suresh Srinivas, CEO of Collate. “We’re in the midst of an AI race — not just for getting data ready for AI, but for how AI itself helps prepare that data. The winners will be organizations with highly functioning data teams augmented by AI. Our agentic approach is uniquely powered by richer metadata context from our knowledge graph and open source core. This is changing the game for our enterprise customers by solving the last mile of data challenges, helping them innovate faster with AI and data.”

Investing in growth and innovation

Collate will deploy the new capital across different growth areas, including:

• Accelerating the OpenMetadata community,  the fastest growing open source metadata project, with more than 9,800 members and 3,000% growth.
• Expanding engineering investment in AI agent development
• Scaling go-to-market operations for enterprise and cloud-native organizations
• Enhancing customer success services for Fortune 500 customers

For more information, visit getcollate.io and open-metadata.org

About Collate
Collate transforms how data teams work, with its AI-powered platform for agentic data intelligence. We are the company behind OpenMetadata, the fastest growing open source projects for unified data discovery, observability, and governance. Data teams at Fortune Global 500 companies and innovative startups rely on Collate to work faster and more efficiently to unlock the value of their data assets.

SOURCE Collate

BOULDER, Colo., July 15, 2025 — Today, Bifrost Electronics, a Colorado-based quantum startup, announced it has raised $2.5 million in seed funding to accelerate development of its next-generation quantum amplifiers. Led by Colorado’s Caruso Ventures, investors include Harlow Capital and others.

Founded by alumni of the Colorado School of Mines and William & Mary University in Virginia, Bifrost has developed a new class of magnetically insensitive, scalable, electro-optic quantum amplifiers. Traditional quantum readout devices are notoriously complex, difficult to use, and failure-prone; Bifrost offers an elegant, functional alternative.

The company has pioneered the application of cutting-edge materials science to totally reimagine quantum amplification, optimizing systems for real-world reliability and scaled integration.

Bifrost tech supports a wide range of qubit platforms, ranging from superconducting qubits to spin qubits to other experimental modalities. Across applicable platforms, Bifrost delivers improvements including footprint, reliability, noise performance, and cost.

“Quantum is complicated – its readout devices shouldn’t add complexity for the researchers. By building readout chains that work straight out of the box, Bifrost is helping establish the United States as the undisputed leader in both quantum and its fundamental support infrastructure,” said Zenith Tillemann-Dick, Co-Founder and CEO of Bifrost Electronics. “We’re done accepting fragile hardware as a fact of quantum science. Bifrost is engineering systems that scale quickly, integrate cleanly, and effectively serve real customers by solving real problems.”

“Unlocking quantum advantage will require bold engineering and new infrastructure built for scale,” said Dan Caruso, Managing Director of Caruso Ventures. “Bifrost is pushing the envelope on what quantum hardware can do, tackling one of the toughest technical bottlenecks with urgency and clarity. This is the kind of foundational innovation that moves entire industries forward. We’re proud to back Bifrost and invest in the systems that will make quantum computing real.” Bifrost is the fifth Colorado-based quantum investment by Caruso Ventures.

Bifrost’s approach blends world-class physics and engineering with tailored system integration, ensuring that every amplifier is designed for optimal performance beyond the fabrication lab. Balancing ambition with pragmatism, Bifrost develops state-of-the-art systems designed to ship, integrate seamlessly into existing stacks, and perform reliably – even in the most extreme conditions.

Bifrost is the only U.S.-based commercial producer of quantum-limited readout components. The company will be headquartered at the Elevate Quantum campus outside Boulder, Colorado – joining a growing ecosystem of innovators working to establish Colorado as a national hub for quantum technology.

“The Bifrost leadership team’s commitment to building scalable, reliable, U.S.-made readout solutions underpins a critical part of the value chain in quantum and our nation’s quantum epicenter in the Mountain West,” said Zachary Yerushalmi, CEO of Elevate Quantum. “On behalf of the entire Elevate Quantum community, I’m proud to support Bifrost on this next phase of growth, and look forward to working alongside the team at our new Quantum Commons campus.”

Bifrost is actively collaborating with U.S. industry leaders like Form Factor, Rigetti Computing, and Maybell Quantum Industries to tailor systems for commercial deployments. This funding round will support team expansion, scaled manufacturing, and continued partnerships with key ecosystem stakeholders.

About Bifrost Electronics
Bifrost Electronics is a Colorado-based company with U.S. manufacturing, building next-generation quantum readout hardware. Bifrost is the only U.S. commercial producer of quantum-limited amplifiers, and the world’s only producer of scalable, magnetically insensitive electro-optic amplifiers. The company is addressing one of the toughest bottlenecks in quantum systems with a novel architecture that avoids the limitations of classical solutions through advanced materials science and precision engineering.

Bifrost primarily supports superconducting and spin qubits, with potential applicability to other experimental modalities. Headquartered on the Elevate Quantum campus in Arvada, Bifrost is part of a growing national effort to strengthen domestic leadership in quantum infrastructure and advanced microelectronics.

SOURCE Bifrost Electronics

 TVM Capital Healthcare’s oversubscribed fundraise for Baraya Extended Care addresses critical gaps in long-term care, supporting Saudi Arabia’s Vision 2030 healthcare goals.

DUBAI, UAE and  RIYADH, Saudi Arabia, July 15, 2025 — TVM Capital Healthcare announces the closing of a Series B fundraising, surpassing its target and bringing the total capital raised to USD 124 million for Baraya Extended Care [“Baraya”], a leading provider of long-term care and rehabilitation services in Saudi Arabia.

This fundraise comes at a critical moment, as Saudi Arabia faces a rapidly aging population, rising incidences of chronic conditions, and increased demand for specialized post-acute care driven by the Kingdom’s ambitious Vision 2030 and Health Sector Transformation Program. According to the Saudi Ministry of Health, 14% of acute care beds in public hospitals are occupied by long-stay (long-term care) patients. This figure is even higher in some regions, such as Jeddah (19%) and Riyadh (17%).

The capital provided by the TVM Healthcare Afiyah Fund and co-investors, including Olayan Financing Company, Saudi Economic and Development Holding Company (SEDCO), ANB Capital, and SVC, among others, will enable Baraya to expand its network of high-quality inpatient facilities and outpatient rehabilitation clinics, directly addressing the Kingdom’s urgent need for dedicated extended care services.

Launched in 2023 by TVM Capital Healthcare, Baraya Extended Care has opened two outpatient rehabilitation clinics in Riyadh and Jeddah, with the combined capacity of 9,000+ sessions per month and is planning to admit patients in its first 216-bed long-term care and rehabilitation hospital by the beginning of 2026.

This investment builds on TVM Capital Healthcare’s proven track record in developing and scaling post-acute care providers across the Middle East. Previous investments in the sector included ProVita International Medical Center and Cambridge Medical & Rehabilitation Center (CMRC). In its prior extended care investments, the firm helped establish regulatory frameworks with healthcare authorities, developed specialized operations management and workforce pipelines, and integrated international best practices and accreditations — all of which position Baraya for accelerated growth.

“Our mission is to provide a comprehensive range of extended care and rehabilitation services, addressing a critical need in the Kingdom,” said Jad Halaby, Chief Executive Officer of Baraya Extended Care. “With TVM Capital Healthcare’s support and expertise in this healthcare vertical, we are uniquely positioned to combine international standards with local expertise, improving outcomes and quality of life for patients and families across Saudi Arabia.”

Dr. Helmut Schuehsler, Chairman and CEO of TVM Capital Healthcare, responded, “We’re proud to report on this significant financing round for Baraya Extended Care, backed by major Saudi institutions and families. Since 2010, TVM Capital Healthcare has been the only international healthcare private equity firm with a sustained presence and proven track record of building, scaling, and exiting high-quality healthcare businesses in the Kingdom. Our success with ProVita and CMRC helped shape Saudi Arabia’s extended care sector, and Baraya marks the next chapter—advancing Vision 2030 through innovative, integrated care models.”

Orhan Osmansoy, Managing Partner at TVM Capital Healthcare and deal lead at the firm, added: “We are grateful to our co-investors and syndicate partners for their strong participation in this oversubscribed round and their shared commitment to solving some of the Kingdom’s most pressing healthcare challenges. With a scalable platform and plans to increase capacity to approximately 650 beds in the coming years, Baraya is well-positioned to become a leader in extended care services.”

The investment will support Baraya’s ambitious growth plans, including the development of major inpatient facilities and outpatient clinics across the Kingdom in a hub-and- spoke model. The company is creating a scalable blueprint for long-term and post-acute care that will not only transform care delivery in Saudi Arabia but also holds strong potential for replication in other markets facing similar demographic and healthcare challenges, including Southeast Asia.

For more information about Baraya Extended Care, visit baraya.com.sa.
For more information about TVM Capital Healthcare, visit tvmcapitalhealthcare.com.

Media Contact:
Holly Radel
TVM Capital Healthcare
[email protected]

Logo – https://mma.prnewswire.com/media/1446186/TVM_Capital_Healthcare_Logo.jpg

SOURCE TVM Capital Healthcare

Ex-Palantir founders make AI-powered platform that automates the essentials for companies left behind by legacy models

NEW YORK, July 14, 2025 — Zip Security, the all-in-one platform for security, compliance and IT automation for every business, today announced it raised $13.5 million in Series A funding. The round was led by Ballistic Ventures, with participation from Silver Buckshot, Mantis VC, and continued support from General Catalyst, Human Capital and Box Group. This brings Zip’s total funding raised to $21 million.

Today, up to 95% of businesses with fewer than 100 employees have no cybersecurity professionals, according to research. That means thousands of mid-market and small and medium-sized enterprises (SMEs) – which account for over half of the U.S. GDP – are operating without the resources to deploy, manage, and maintain basic security controls. But this is not just a staffing issue; it’s a structural flaw in how security has been delivered to the vast majority of the economy. The dominant model – hiring expensive consultants or outsourcing to MSSPs – is broken. It’s slow, reactive, and too costly for the mid-market and SMEs to sustain.

Zip deploys AI and automation to fix cybersecurity’s broken services model.

Advances in AI and automation have made it possible to consume, provision, and manage security controls far more effectively, with minimal reliance on outside services – and Zip puts that power directly into the hands of growing businesses. Founded by former Palantir engineers Josh Zweig (CEO) and Gabbi Merz (CTO), Zip’s platform streamlines complex security operations, including endpoint protection, identity and access management, mobile device security, and compliance workflows – into a unified, AI-powered experience that any team can use.

“For every dollar companies spend on security tools, many spend several more on services and consulting just to get those tools working. Cybersecurity shouldn’t be a luxury only big businesses can afford,” said Zweig. “We believe modern security should be automated, accessible, and cost-effective. We’re on a mission to give businesses the automation to easily set up, manage, and improve their security – without needing a team of experts.”

With Zip, businesses can rapidly implement security best practices, achieve compliance with standards like SOC 2, HIPAA, and ISO 27001, and manage their IT infrastructure with confidence. As a result, Zip customers significantly reduce services overhead and total cost of ownership. The Zip platform integrates with CrowdStrike, Google Workspace, Jamf, Microsoft Intune, Entra ID / Azure Active Directory, Okta, and a growing number of other core security services providers.

Zip is designed for the mid-market, and scalable for the enterprise.

“Zip is tackling one of our industry’s most overlooked and urgent problems: how to bring strong security to organizations that can’t afford to get it wrong, but also can’t afford traditional approaches,” said Barmak Meftah, Co-founder and General Partner of Ballistic Ventures, who joined Zip’s board of directors. “Josh and Gabbi are incredibly sharp operators who have built a platform that’s not just functional, but empathetic to its users. We’re proud to partner with them to help democratize access to strong security.”

“We’ll never ‘solve cybersecurity’ until we accept that we live in an interconnected ecosystem of suppliers and smaller players,” said Nicole Perlroth, Co-founder of Silver Buckshot Ventures and Venture Partner at Ballistic Ventures. “There’s a $2 trillion cybersecurity market opportunity – ten times what is sold today. That gap exists because we haven’t figured out how to protect the long tail – everyone downstream. That’s where Zip Security comes in. This isn’t just a massive market opportunity – it’s how we democratize security. Not just for the biggest players, but for everyone.”

Zip Security is purpose-built for organizations that lack dedicated security teams but still face strict compliance requirements and advanced threats. But the company’s automation-first approach is resonating with larger enterprises too, especially those looking to simplify and scale their security programs.

The Zip Security team will use the new funding to grow its engineering and go-to-market, build new integrations with third-party tools, and deepen its presence in industries including defense, finance, health, and software.

To celebrate the Series A raise, Zip Security is extending a special offer to its startup peers to help them scale their operations securely: any startup, from Pre-seed to Series B, can receive two months free on Zip’s platform. Interested companies can contact Zip using this landing page and book a product demonstration by August 14, 2025 to qualify.

For more information, visit www.zipsec.com.

About Zip Security
Zip Security (“Zip”) was founded with the mission of making best-in-class security accessible and affordable. Zip builds software that automates cloud-based identity management, device management, and endpoint threat detection making securing a company and acing compliance audits a breeze. Zip works with customers across a range of industries like health, defense, software, and finance, and supports integration with industry-leading security tools like Jamf, Intune, Entra ID, Okta, Google Workspace, and CrowdStrike. To learn more visit www.zipsec.com.

SOURCE Zip Security

SEATTLE, July 14, 2025 — Duranta, the software platform transforming how landscapers and lawn care professionals grow and manage their businesses, today announced a $7 million seed round led by top Silicon Valley firms including Base10 Partners, Pear, Coalition Operators and Sunshine Lake. The round also includes participation from prominent angel investors such as Thomas Dohmke, CEO of GitHub, and Andrew Miklas, co-founder and CTO of PagerDuty.

Duranta is building the modern operating system for outdoor service professionals, those shaping the spaces where people live, recover, play and connect. The company’s flagship innovation, AIdan, is a proprietary AI model that automatically measures all property details and helps generate beautiful customer proposals. AIdan is combined with an intuitive suite of landscape design and invoicing tools, and a CRM that helps landscaping businesses win more customers and streamline their workflows.

“Duranta is designed to help landscapers and lawn care professionals run stronger, more profitable businesses,” said Samuel Adeyemo, Duranta’s co-founder and CEO. “We’ve seen customers eliminate thousands of time-consuming site visits and close large contracts using our product.”

Headquartered in Seattle, WA, Duranta was founded by a team of engineers who previously built Aurora Solar, the leading cleantech software platform in the U.S. The team also brings experience from top technology companies including Amazon, Google, Airbnb, Figma, and Datadog.

With this capital, Duranta will accelerate product development, grow its engineering team, and expand support for the thousands of businesses building and maintaining the environments that people enjoy.

About Duranta
Duranta is a software platform purpose built for landscapers and lawn care professionals. By combining AI-powered property measurement, intuitive design tools, CRM and invoicing, Duranta helps outdoor service businesses win more customers and deliver high-quality work with less hassle. Duranta is based in Seattle, WA.

Media Contact:
[email protected]
www.getduranta.com

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SOURCE Duranta Inc