Seed investment to accelerate hiring, operations, and go-to-market for multichain clearinghouse that has settled over $1 billion in digital asset volume
NEW YORK, July 15, 2026 — Glacis Labs, the crypto infrastructure company building the clearing layer for digital assets, today announced the close of a $6.8 million seed funding round led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, Again (formerly IDC Ventures), Protein Capital, and Techni Ventures. The investment will scale hiring, expand operations, and accelerate go-to-market for ZeroDelta, the company’s flagship product, a multichain clearinghouse that has settled over $1 billion in digital asset volume and operates at a $1.5 billion annualized run rate across more than 40 chains.
“The next decade of finance is going to settle onchain, but the rails to do it at an institutional scale do not exist yet. ZeroDelta is the clearinghouse that makes it possible,” said Jacob Blish, Co-Founder and CEO of Glacis Labs. “We are starting with stablecoins because that is where the volume is today, and we are building toward a future where tokenized securities and real-world assets clear on the same infrastructure.”
ZeroDelta is a multichain clearinghouse that matches, nets, and settles digital asset flows with non-custodial, atomic delivery and a cryptographic receipt on every transfer. It sits above the bridges and transport layers that move tokens between blockchains. Rather than routing each transfer individually, it matches opposing flows against each other internally so that only the net remainder ever moves onchain. Glacis Core, the cross-chain messaging layer, and Glacis’ AirLift, the token transport layer, run beneath every ZeroDelta settlement to handle routing and chain-to-chain movement.
Today’s existing cross-chain infrastructure introduces slippage, custody risk, and fragmented audit trails that constrain institutional adoption. ZeroDelta replaces that with a system where settlement is final or it does not happen. The architecture is asset-agnostic and built to extend into tokenized securities, real-world assets, and FX as those markets mature.
The timing of this investment coincides with accelerating institutional demand for onchain infrastructure. Stablecoin regulation is pulling institutional volume onto blockchain rails and as that volume grows, the deterministic, auditable settlement infrastructure from ZeroDelta is critical to how digital asset markets function at scale.
About Glacis Labs Glacis Labs builds the clearing layer for digital assets. Its flagship product, ZeroDelta, is a multichain clearinghouse that matches, nets, and settles digital asset flows across more than 40 chains with non-custodial, atomic delivery. ZeroDelta has cleared over $1 billion in lifetime volume and operates at a $1.5 billion annualized run rate. Glacis serves stablecoin issuers, financial institutions, and protocols building on tokenized assets. Learn more at glacislabs.com.
The partnership adds Lilac as a capacity provider for Saturn Cloud’s token factory platform, giving GPU cloud operators and enterprises a path to model serving and per-token inference on capacity that is already powered on.
NEW YORK, July 15, 2026 — Saturn Cloud, the AI token factory platform, today announced a partnership with Lilac, a Y Combinator-backed inference provider that routes workloads to idle enterprise GPUs. Under the agreement, Saturn Cloud has selected Lilac as a GPU network provider for its platform, extending the supply available to GPU cloud operators and enterprises for model serving and per-token inference.
Lilac draws on NVIDIA AI infrastructure that is already powered on and paid for, and makes it available for inference through an OpenAI-compatible API. That keeps utilization high on hardware the enterprise already owns and pricing low on the consumption side. For Saturn Cloud customers, it means more GPUs to run inference on without standing up new hardware, priced per token with no reserved commitments.
“Operators want every usable GPU hour working, and a lot of capacity sits idle inside enterprises that never reaches the teams who need it. Selecting Lilac as a provider lets us route token factory workloads to that capacity, so customers get serving and per-token inference without waiting on new infrastructure,” said Sebastian Metti, Founder of Saturn Cloud.
The fit is variable inference demand, which is costly to serve on reserved hardware. A Saturn Cloud customer can point a serving workload at Lilac capacity, scale it up as traffic rises, and release it when demand falls. For operators, that means offering inference to their tenants without carrying reserved GPUs themselves. For enterprises, it means serving models without a standing hardware commitment.
“The industry’s GPU problem is often a utilization problem: valuable infrastructure sits idle while inference teams are asked to reserve even more capacity,” said Lucas Ewing, co-founder of Lilac. “Saturn Cloud turns GPU infrastructure into a complete token factory, and Lilac expands the capacity that factory can draw from.”
Availability
Lilac capacity is now available to Saturn Cloud customers. Operators and enterprises interested in routing inference to Lilac capacity can contact Saturn Cloud or get started at saturncloud.io.
About Saturn Cloud
Saturn Cloud is the AI token factory platform for neoclouds, AI Factory operators, and enterprises. The platform provides managed fine-tuning, OpenAI-compatible model serving with per-token billing, managed environments, distributed training, and enterprise security and governance. Saturn Cloud supports GPU architectures and deploys across public cloud, private cloud, and on-premises environments. Learn more at saturncloud.io.
About Lilac
Lilac is a GPU network for inference and batch compute. Lilac connects unused capacity from GPU clouds and enterprise Kubernetes clusters to production AI workloads. Its software helps infrastructure owners monetize downtime. Founded by Ryan and Lucas Ewing, Lilac is backed by Y Combinator. Learn more at getlilac.com.
Reinventing the $1 billion drink mix category with a modern, organic take on the classic flavors consumers grew up loving, without the junk
CARLSBAD, Calif., July 15, 2026 — FAVE, the organic drink mix brand bringing back the nostalgic flavors America grew up on, today announced a $1 million seed round led by Supernatural Ventures and an exclusive, national launch at Sprouts Farmers Market.
FAVE Raises $1 Million Seed Round Led By Supernatural Ventures And Launches Nationwide At Sprouts Farmers Market
In a beverage aisle increasingly crowded with brands competing on function and performance, FAVE is bringing the focus back to flavor. As the first certified organic brand in the nearly $1 billion drink mix category, FAVE is reimagining a category still dominated by legacy brands made with artificial dyes, artificial flavors and 30–40 grams of sugar per serving. FAVE delivers the taste consumers remember, made with organic ingredients and with just 6 grams of organic cane sugar and 25 calories.
FAVE was founded by Ryan Raish, a 20-year CPG sales leader who helped build and scale category-defining brands including Guayaki, Honest Tea, popchips and Chloe’s Pops.
“When I stood in the drink mix aisle, I realized there wasn’t a single option I’d feel good about putting in my cart,” said Ryan Raish, Founder and CEO of FAVE. “From day one, I knew there was an opportunity to reimagine the category. It took nearly two years and hundreds of formulations to create the nostalgic flavors people remember without compromising on ingredients. Seeing Sprouts believe in that vision so quickly with a national launch is incredibly rewarding.”
The $1 million seed round was led by Supernatural Ventures, a leading early-stage consumer investment firm behind breakout brands including Poppi, Goodles, Bachan’s and Jesse & Ben’s. Other investors include the Angel Group, Great Circle Ventures, and CPG leaders and founders from brands including popchips, Perfect Bar and Brainiac.
“We’re thrilled to lead FAVE’s seed round and support Ryan, who has a clear vision for where this category is headed,” said Chris Robb, General Partner at Supernatural Ventures. “For the past decade, innovation in the drink mix category has largely centered on function and performance. FAVE saw an opportunity that others overlooked—putting incredible flavor at the center of the conversation with ingredients today’s consumers expect. That’s a powerful combination.”
FAVE’s launch lineup – Lemonade, Fruit Punch, Strawberry Lemonade, and Tangy Orange – is USDA Organic, Non-GMO Project Verified, and made without artificial colors, flavors or preservatives, delivering the nostalgic flavors consumers love with ingredients they feel good about bringing home. The brand is quickly gaining momentum, earning recognition as the winner of the Naturally Network San Diego Pitch Slam, a Progressive Grocer Editor’s Pick, and receiving UNFI’s “Up Next” designation and KeHE’s “Golden Ticket.”
FAVE is available now in 10-count cartons at almost 500 Sprouts Farmers Market stores nationwide for $8.99 MSRP, and in 16-stick pouches at favemixes.com, Thrive Market and Amazon for $24.99 MSRP.
FAVE is shaking up the $1 billion drink mix category with a modern, organic take on classic flavors. Made with Certified Organic ingredients, just 6 grams of organic cane sugar, and zero artificial colors, flavors, or preservatives. Founded by 20-year CPG veteran Ryan Raish and headquartered in Carlsbad, California, FAVE is the first Certified Organic, Non-GMO Project Verified brand to ever hit the drink mix aisle. Find your Fave at Sprouts Farmers Market, favemixes.com, Thrive Market, and Amazon. Don’t panic, it’s organic.
Welcomes Melissa Keohane as COO and Kevin Bocek as CPO, Eric Kumar takes on expanded role as CCO
WASHINGTON, July 15, 2026 — With investments in modernizing manufacturing, critical infrastructure, and defense accelerating, Corsha is at the center of connecting operational technology (OT) and defending against a rapidly evolving threat landscape. To fuel the next phase of innovation and growth, Corsha is thrilled to expand its executive team:
Melissa Keohane, Chief Operating Officer: Melissa will lead Corsha’s internal operations, overseeing functions including finance, human resources, legal, compliance and operational strategy, and will work closely with the leadership team to focus on strengthening organizational effectiveness and building the team and culture needed to support the company’s long-term growth.
Kevin Bocek, Chief Product Officer: Kevin will drive product strategy to continue building out the Corsha Platform and the Industrial Identity Security category, translating customer and market insights into innovation that secures the future of how OT connects and runs safely.
Eric Kumar, Chief Customer Officer: Stepping into the C-Suite, Eric will leverage his strong foundation in customer success to accelerate growth and drive exceptional outcomes for Corsha’s expanding customer base, working closely with organizations to empower them to safely and securely connect in a shifting OT security landscape.
“We envision a wildly more prosperous, productive, and safe world where defense, manufacturing, and critical infrastructure can securely connect to the AI and data revolution,” said Anusha Iyer, CEO and Founder of Corsha. “Corsha unlocks customers to identify and securely connect every machine that manufactures, controls, processes, and transports to the AI and data revolution. I’m thrilled to welcome Melissa and Kevin to the Corsha team, and see Eric take on an expanded role as we help secure more customers.”
Melissa most recently served as SVP of Business Operations at CyberArk, leading the successful integration of Venafi, where she previously served as Chief Legal and People Officer.
“Corsha has built a team, culture, and platform that’s changed how we secure our world and it’s proven out every day by the excitement and support that Corsha customers show,” said Melissa Keohane, Chief Operating Officer at Corsha. “I am delighted to dive in and continue building out Corsha’s talent and operations for innovation and growth.”
Kevin was most recently SVP Innovation at CyberArk and the architect behind the creation of the Machine Identity Security category as Chief Innovation Officer at Venafi.
“As a member of the Corsha Advisory Board, I’ve loved watching how Corsha approached long standing problems in OT with fresh, new thinking to solve customer problems,” shared Kevin Bocek, Chief Product Officer at Corsha. “Using the proven power of Machine Identity, Corsha is helping critical industries go beyond traditional OT networking and security limitations. It’s an exciting next step to come on board and help the Corsha team protect more customers.”
Eric has demonstrated executive versatility in his three-year tenure serving as both Vice President of Operations and Head of Customer Success at Corsha.
“I am thrilled to step into this new role as we are witnessing a pivotal shift in the OT security landscape,” said Eric. “I look forward to driving success for our customers by delivering secure connectivity to the environments that need it most. By leveraging identity security, we are empowering these organizations to safely connect, innovate, and scale.”
To learn more about Corsha’s platform and mission, visitcorsha.com.
About Corsha Corsha securely connects the operational systems that run our world. Corsha is forging a new identity-driven approach to OT security to stop attacks in real time, operate with agility, and modernize with confidence. As the demand to connect operational systems and modern applications surges, industrial enterprises grow more exposed to real-world risk – physical and financial. The Corsha Industrial Identity Security Platform closes this connection gap by helping enterprises easily level up from monitoring to identity-driven action. The platform transforms OT security by bringing together an identity control plane, inline Gatekeepers, and expert intelligence, enabling operational, security, and compliance teams to safely scale automation and adopt new technologies such as predictive analytics, robotic automation, and physical AI. Trusted across industries including aerospace, automotive, consumer goods, data centers, defense, and facilities management Corsha is backed by leading venture investors including Ten Eleven Ventures, Razor’s Edge Ventures, Booz Allen Ventures, and Cybernetix Ventures. Learn more at www.corsha.com
Founded at the University of Chicago, the company has nearly bootstrapped to profitability, delivering 500% year-over-year growth and powering operations for leading live experience enterprises across Nightlife & Bars, Sports & Entertainment, Event Organizers, Experience Creators, Festivals, and Membership Clubs.
NEW YORK, July 15, 2026 — Speakeasy, the all-in-one operations & intelligence platform powering live experiences and the IRL (‘in-real-life’) economy, announced the completion of an oversubscribed round, bringing the company’s funding to $8.8 million. The round was led by Positive Sum, with participation from Yamaha’s Music Innovations Fund and other strategic investors, including co-founders and early executives from Seamless, TigerConnect, Genius, D.C. United, Swansea City FC, and Tegus.
Founded in 2023 by Paul Stacek, Tamas An, and Alex Manavi, Speakeasy has bootstrapped to profitability prior to this fundraise, which marks the company’s first institutional financing. The company has quietly established itself as the primary operations and data layer for many of the world’s most prominent live experience brands and entertainment-hospitality enterprises, including TAO Group Hospitality, Fontainebleau Development, E11EVEN, Barstool, Cipriani, and Breakaway Music Festival.
For decades, the live entertainment-hospitality industry has been forced to rely on fragmented, legacy point solutions, stitching together 5+ separate platforms to power ticket sales, on-scene payments & reservation management, fraud defense, premium experiences, and customer communications. Speakeasy replaces this operational friction by offering enterprise-grade ticketing, a full-suite reservation management system, 3D premium booking flows, on-premise payments, direct POS integrations, and CRM tools under one unified, digital “command center.”
“For far too long, live experiences have been powered by technology partners with subpar software, outdated products, and predatory pricing models. We built Speakeasy to change that, collapsing the stack and delivering best-in-class solutions while aligning incentives with our enterprise partners. Our mission is to enable venues & experience organizers to operate more effectively across every revenue center, so that they can focus on what matters most: the guest experience. This fundraise will enable us to double down on a clear mandate to build for the world’s leading enterprises in one of today’s fastest-growing industries in a post-AI world. The work has just begun.” says Alex Manavi, Co-Founder, CEO of Speakeasy.
“When we first met Speakeasy, the metrics and revenue growth were impressive, but the thing that stood out was the team’s sheer force of will. They see a problem and run straight at it,” said Patrick O’Shaughnessy, CEO and Partner at Positive Sum. “Live events happen outside normal business hours and Speakeasy has built a 24/7 machine to support their clients. Talking to customers we heard the same thing over and over again: they continuously deliver and do it fast.” says Patrick O’Shaughnessy, CEO, Partner, Positive Sum
Speakeasy will invest this new capital into further strengthening its best-in-class solutions, expanding into new markets, geographies, and adjacent verticals, accelerating predictive intelligence across the platform, and connecting patrons directly with IRL offerings within Speakeasy’s broad enterprise partner base.
About Speakeasy Speakeasy is the operations and intelligence infrastructure powering live experiences & the IRL economy. The company provides an integrated system for ticketing, payments, premium experiences, reservation management, CRM and direct marketing to venues, event organizers, festivals and hospitality groups, replacing fragmented legacy tools with a unified, data-driven platform. By consolidating and activating guest-level data across the full lifecycle, Speakeasy enables operators to grow new revenue channels, streamline operations, and deliver more personalized experiences. For more information, visit https://spkeasy.com.
NICOSIA, Cyprus, July 15, 2026 — Xryma Plc (the “Company”) (Euronext Paris: XRY); (ISIN: CY0200861017), a banktech group providing regulated cross-border open banking, international transactional banking and real-time EU and UK payment services, whilst also independently offering banking software and technology to third party banks and Financial Institutions (FIs), is pleased to announce that its competent authority, the Cyprus Securities and Exchange Commission (“CySEC”), has approved the prospectus prepared in connection with the admission of the Company’s ordinary shares to trading on the regulated market of Euronext Paris Stock Exchange, with trading expected to commence at market open on the 24th July 2026. The prospectus will now be passported to France via the Autorité des marchés financiers (AMF).
Xryma Plc Announces Approval and Publication of its Prospectus for Admission to Trading on Euronext Paris
Subject to Euronext Paris’ approval to admit Xryma Plc to the list, 110,079,450 ordinary shares will be quoted in Euro € under the ticker symbol “XRY”. Subject to the satisfaction of customary closing conditions and final approvals, 24th July 2026 has been set as the expected first day of trading on the Euronext Paris Stock Exchange.
The admission will take the form of a technical (direct) listing. No new shares will be issued, no existing shares are being offered for sale by the Company, and no capital will be raised in connection with the admission.
Since its founding, Xryma Plc has built a comprehensive, 7 years continuously profitable, regulated payments platform that simplifies how merchants accept, move and settle money, across multiple payment channels, through a single connection. The expected listing marks a significant milestone in the Company’s development and reflects the scale the Xryma Group has reached as an infrastructure-led, regulated banktech business.
The Xryma Group operates a scalable business model generating fee-based, transaction-driven revenue of €53.4 million in FY25 (including other income). In the same period, the Xryma Group handled approximately €4.0 billion in own processing volume, while its Probanx® software services subsidiary processed €206.7 billion in SaaS volume on behalf of customer banks and FIs, monetised through software licensing rather than regulated product transactional fees.
Takis Taoushanis, Non-Executive Chairman of Xryma Plc, said:
“The approval of our Company’s prospectus for admission to trading on Euronext Paris represents a significant achievement in our corporate journey. The Board of Directors has overseen a rigorous preparation process, and the transparency and governance disciplines of a leading European regulated market are aligned with the standards under which the Xryma Group already operates.”
“This development is expected to strengthen our market position, support the continued expansion of our product portfolio, and create long-term value for our customers, partners, employees and shareholders. It also underscores Cyprus’ growing role as an international business hub with global reach, supported by a professional services ecosystem that enables well-governed businesses to operate and grow across international markets.”
Nikogiannis (John) Karantzis, Group Chief Executive Officer and Managing Director of Xryma Plc, said:
“Xryma Plc moves money across central banks, bank-to-bank, correspondent banks, ACH network, electronic money, card, cash, and stablecoin rails. The Company solves many of the challenges of today’s fragmented global payments landscape. Built on a proprietary, regulated, full-stack ecosystem developed over the past 15 years, Xryma Plc is more than just a payments company. It has evolved into a deep financial infrastructure company that enables businesses to accept, move, and settle money globally through multiple payment channels on a single, unified platform.”
“I am excited for the Company and its shareholders regarding the imminent listing on Euronext Paris, being one of the Top 5 exchange groups globally and a “premiere exchange”. This admission is expected to further open our share register to further financial institutions, who already comprise 25% of our register, as well as like-minded technology investors, who can appreciate Xryma’s unique value proposition.”
Rationale for admission
Admission of Xryma Plc’s shares to trading on Euronext Paris is expected to:
Increase awareness of the Xryma Group and its brands
Improve the liquidity of the Company’s shares over time
Strengthen the Company’s access to capital markets in support of future growth
Increase the transparency of the Company and its subsidiaries, supporting new and existing partnerships
Xryma Plc’s senior management would like to thank the CySEC, AMF, Euronext Paris and all advisers who supported the cross-border listing process, including Aldebaran Advisors (Paris), All Invest Securities (Paris), CDB Global Securities (Nicosia), Morgan Lewis (Paris) and Chrysses Demetriades (Limassol). The expected admission sets an important precedent for Cypriot companies seeking similar listings on the French main market.
The Xryma Plc prospectus is available for viewing on the Xryma Group’s investor relations website at https://www.xryma.com/investors.
About Xryma Plc
Xryma Plc [Euronext Paris: XRY] is a regulated European bank-tech group that develops banking technology via its Probanx® subsidiary and operates digital payment services underpinned by direct central-bank settlement. Xryma is one of the first non-bank participants authorised to connect directly to the Eurosystem’s T2 RTGS and TIPS platforms. The Company holds Electronic Money Institution (EMI) authorisations in both the EU and the UK and offers multi-currency corporate accounts. Its open-banking service, PaidBy®, delivers one of the world’s first cross-border, account-to-account, dynamic-currency-converting service for merchants, with instant local payments and next-business-day settlement in major and exotic currencies. Xryma is also the issuer of the upcoming electronic-money token XrymaCoin (XREUR).
Following is the official statutory announcement of Prospectus Release ————–
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NOT FOR DISTRIBUTION OR ANNOUNCEMENT, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR ANNOUNCEMENT WOULD BE UNLAWFUL. IT IS PROHIBITED TO ISSUE, PUBLISH OR CIRCULATE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, WITHIN ANY JURISDICTION WHERE DOING SO WOULD VIOLATE THE LAWS OF SAID JURISDICTION.
Nicosia, July 15 2026
ANNOUNCEMENT Approval and publication of the Prospectus of XRYMA PLC for the admission to trading on Euronext Paris of all ordinary shares of nominal value €0.07 each in the capital of XRYMA PLC
XRYMA PLC (the “Company“) announces that on July 14, 2026 the Cyprus Securities and Exchange Commission (the “CySEC“) approved the prospectus of the Company (the “Prospectus“) regarding the admission to trading of the Company’s ordinary shares (the “Shares“) on the regulated market of Euronext Paris, with trading on an unconditional basis currently expected to commence on Friday, July 24, 2026 [indicative].
The Prospectus, as approved by CySEC, will be available to the general public without charge in electronic form at:
The website of the Investment Firm responsible for drawing up the Prospectus, Global Capital Securities and Financial Services Limited, https://www.globalcapital.com.cy, from July 14, 2026;
The admission of the Shares to trading on Euronext Paris is subject to the Company obtaining an approval by Euronext Paris.
Expected timetable of principal events for admission to trading
The timetable below is indicative and may be adjusted, including potential acceleration or extension:
Prospectus approval and publication: July 14, 2026
Expected commencement of trading of the Shares on Euronext Paris, if admission is approved: July 24, 2026 [indicative]
Contact for additional information:
For more information, investors can contact during business days and hours:
Media contact: PR & Media team E-Mail: [email protected] Tel: +357-22015740
Investor Relations: Investor Relations team E-Mail: [email protected] Tel: +357-22015740
The Prospectus has been drawn-up in the form of a single document within the meaning of Article 6(3) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14, 2017 (“Prospectus Regulation”), and prepared on the basis of Annex 1 and Annex 11 of the Commission Delegated Regulation (EU) 2019/980 of March 14, 2019 supplementing the Prospectus Regulation as regards the format, content, scrutiny and approval of the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Commission Regulation (EC) No. 2004/809, and the Cyprus Public Offer and Prospectus Laws of 2005 to 2019 to the extent that they are valid after the entry into force of the Prospectus Regulation.
The Company has requested CySEC to notify the approved Prospectus in accordance with the Prospectus Regulation to the Autorité des marchés financiers.
This Prospectus has been approved by the CySEC, in its capacity as the competent authority in Cyprus within the meaning of the Prospectus Regulation. The CySEC only approves this Prospectus as meeting the standards of completeness, comprehensibility and consistency imposed by the Prospectus Regulation. Such approval should not be considered as an endorsement of the quality of the Shares or of the Company. Investors should make their own assessment as to the suitability of investing in the Shares and should carefully study the Prospectus before making any investment decision related to the Shares in order to fully understand the potential risks and rewards associated with the decision to invest in the Shares.
THIS DOCUMENT IS NOT A PROSPECTUS BUT AN ADVERTISEMENT UNDER THE PROSPECTUS REGULATION AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISIONS REGARDING ANY SHARES REFERRED TO HEREIN BASED ON THIS ADVERTISEMENT.
New partnership with Jaris brings embedded finance to growing businesses — powered by the transaction history they already have
TEMPE, Ariz., July 15, 2026 — More than half of small business owners say they’ve funded a business expense or growth opportunity with personal savings or a personal credit card. Most never thought to ask their payment processor. Flute wants to change that.
Flute, the payments platform for the everyday economy, today announced a partnership with Jaris, an embedded finance platform, to launch two new financial products inside the Flute platform: working capital and instant payouts. Both draw on each merchant’s Flute transaction history, giving growing businesses access to the tools they need without leaving the platform they already use to run payments.
The gap between merchants and the capital available to them is wider than most assume. In the past 12 months, 39.5% of operators said they needed additional cash to cover a business expense or pursue a growth opportunity, according to Flute’s Consumer and Merchant Surveys. Only 6.7% turned to their payment processor. Meanwhile, 54.3% covered it with personal savings or personal credit cards, and 14.3% had no reliable source at all.
For owner-led businesses, where the line between business and personal finances blurs quickly, that math carries real risk. Funding growth with personal money means taking on business exposure personally.
Working capital gives merchants a path forward. Owners can apply from the same Flute dashboard where they manage payments, deposits, and reporting — with funding decisions based on the transaction activity Flute already tracks. The loans are bank-approved* through the partnership with Jaris, which brings over $1 billion in capital capacity to the offering.
Instant payouts give merchants faster access to what they’ve already earned. Rather than waiting on a standard deposit cycle, merchants can instantly receive a portion of their current day’s sales when they need them, including weekends and holidays.
“Every payment a merchant runs tells us something about their business,” said Derek Dean, CEO of Flute. “Embedded finance turns that history into something useful — a business loan or faster cash flow that doesn’t require a stack of paperwork, a trip to the bank, or a charge on a personal credit card. That’s what it looks like to build financial tools around how merchants actually operate.”
“Flute has built the payments platform for businesses that power the everyday economy,” said Chris Aristides, CEO of Jaris. “Together, we give their merchants easy access to bank-approved capital and faster funding on their sales, right where they already manage their money.”
The partnership extends Flute’s payments platform, which brings payments, deposits, reporting, and merchant servicing into a single account. Flute’s partner network spans ISOs, software platforms, and trade associations across independent retail, personal services, professional services, and hospitality.
Merchants can learn more at flute.com. Companies interested in launching financial products with Jaris can visit jaris.com.
About Flute
Flute is the payments platform for the everyday economy. Backed by Corsair Capital, Flute gives growing businesses the financial tools to run their operations efficiently, without the headaches or the price tag. Learn more at flute.com.
About Jaris
Jaris is an embedded finance platform and technology service provider that empowers payments and software companies to launch personalized financial products for their small and medium-sized business customers. With over $1 billion in capital capacity and a best-in-class compliance program, Jaris offers scalable, secure, and profitable solutions that enhance SMB access to financial products while helping partners increase retention, revenue, and enterprise value.
*Jaris is a technology company, not a bank. All banking services and credit products are provided by First Internet Bank of Indiana, Member FDIC. Learn more at jaris.com.
Company Repositions as an AI-First Clinical Enablement Platform, Bringing FDA-Cleared AI-Powered Insights into Virtual Primary Care to Support Cardiopulmonary and Oncology Care
NEW YORK, July 15, 2026 — TytoCare, pioneer of remote physical examination technology featuring FDA-cleared medical devices, today announced two major developments: the appointment of Adam Pellegrini as Chief Executive Officer, and the closing of a $25 million-plus growth round led by Insight Partners along with HOOP, OliveTree, OrbiMed, Qumra Capital, Qualcomm Ventures and others. The company is expanding its platform to deliver clinical grade remote care for patients with chronic and complex disease, positioning TytoCare to redefine how virtual primary care is delivered across high-acuity chronic disease populations.
Pellegrini brings more than two decades of experience at the intersection of digital health, consumer health technology, and large-scale clinical programs. His appointment comes as TytoCare moves to embed its remote examination platform and FDA-cleared AI-powered SaMD (software as a medical device) algorithms directly into integrated care pathways for remote cardiopulmonary monitoring, oncology support, and complex chronic disease management, disease areas where the gap between in-person clinical rigor and virtual care delivery has remained wide.
TytoCare’s platform combines a handheld examination platform featuring FDA-cleared medical devices — capable of capturing clinical-grade heart, lung, ear, skin, throat, and abdomen data — with a suite of FDA-cleared AI-powered SaMD algorithms that enable clinicians to conduct comprehensive remote physical exams with diagnostic confidence previously achievable only in person. The company’s expanded clinical enablement strategy is set to deepen integrations with leading health systems, payers, and employer health programs, with particular focus on congestive heart failure (CHF), COPD, post-surgical recovery, and oncology treatment monitoring.
“The convergence of a clinically validated exam device, AI-powered diagnostic algorithms, and the urgent demand from health systems for real clinical intelligence at the point of virtual care is an extraordinary and rare combination,” said Adam Pellegrini, Chief Executive Officer. “TytoCare has built the foundational infrastructure for the next generation of intelligent remote care, and I could not be more energized to lead this next chapter.”
The oversubscribed financing round, led by Insight Partners with participation from existing strategic investors, reflects institutional conviction in TytoCare’s market position and the accelerating commercial demand for AI-enabled remote diagnostics. Proceeds will fund expansion of the company’s AI clinical algorithms pipeline, deepening of payer and health system partnerships, and acceleration of go-to-market efforts targeting chronic and serious disease populations — including cardiometabolic patients, those undergoing cancer treatment, and post-acute care transitions.
“Health systems have wanted to extend real clinical care into the home for years. The barrier has long been diagnostic fidelity,” said Jeff Horing, Managing Director at Insight Partners. “TytoCare takes a new approach: an FDA-cleared exam device paired with AI algorithms that keep improving as the evidence base grows. That combination is genuinely hard to replicate, and it becomes more defensible over time, not less. We believe Adam is the right operator to take this into health systems at scale, and this is the right moment to do it.”
Under Pellegrini’s leadership, TytoCare will pursue a clinical enablement model that embeds its AI-assisted examination capabilities into the care workflows of health systems, specialty programs, and payer-sponsored chronic disease management platforms. By integrating virtual primary care infrastructure with AI-powered cardiopulmonary screening and oncology supportive care, TytoCare aims to close the clinical fidelity gap that has limited the impact of telehealth in complex patient populations. Along with Pellegrini, TytoCare has also announced the appointment of Greg Orr, former Vice President Digital Health of Walgreens and COO of Jasper Health, as Chief Operating Officer.
TytoCare’s SaMD AI algorithms, with the company’s remote physical examination technology featuring FDA-cleared medical devices, provide clinicians with clinical data and decision-support outputs across multiple examination modalities including lung auscultation analysis to support evaluation o f patients with cardiopulmonary conditions, cardiac screening signals, and dermatological assessment. These capabilities position TytoCare as an end-to-end clinical enablement partner for health systems seeking to extend specialist-grade diagnostic rigor into the home.
ABOUT TYTOCARE
TytoCare is an AI-first clinical enablement company and the developer of the world’s leading remote physical examination technology featuring FDA-cleared medical devices. Combining a clinician-grade handheld diagnostic device with FDA-cleared AI-powered SaMD algorithms, TytoCare enables health systems, payers, and care programs to deliver comprehensive, clinical-grade remote care across primary care, cardiopulmonary, and oncology care pathways. In their most recent round lead by Insight Partners also included West Fountain Global Fund, Echo Health Ventures, MTIP Health and Memorial Care. Headquartered in New York and Netanya, Israel, TytoCare partners with leading health systems, insurers, and employer health programs globally.
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, 2025, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 900 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has a global presence with leadership 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.
Andela, named by TIME and Statista to the top 1% of U.S. WorkTech companies, is investing in top talent and tools to help companies build an AI-native workforce
NEW YORK, July 15, 2026 — Andela, the AI-native data and services platform with the world’s largest private marketplace for technical talent, has been named by TIME and Statista as one of America’s Top WorkTech Companies for 2026. The recognition comes as the company expands its ranks and builds new infrastructure to assess, benchmark, develop, and deploy talent at scale.
TIME America’s Top WorkTech Companies 2026
Andela’s recognition by TIME lands at a turning point for enterprise AI. As models and compute become widely available, the challenge becomes finding talent who can use the tools to boost productivity, especially since AI skills have become the hardest for employers to find with worldwide demand outpacing supply.
Andela’s technology measures what technologists can do against what a role needs, then closes the gap with training. Organizations can use Andela to hire AI-ready talent, deliver work through fully managed teams, assess and upskill their own workforce, or a combination of the three. Its network already spans more than 150,000 senior technologists across 135 countries.
“AI is changing what enterprises need from their workforce faster than traditional talent models can keep up. Our focus is helping companies continuously assess, develop, and deploy AI-fluent technologists so they can adapt as the technology evolves,” said Carrol Chang, Andela CEO. “This recognition from TIME reflects the work our team has been building toward for years and our commitment to helping enterprises prepare for what’s next.”
Many enterprises have a long way to go. Hiring still runs on resumes and interviews, which reveal little about how someone performs actual work. Andela measures that directly. Through its assessment engine, engineers work through realistic job scenarios and are scored against what a given role and level require. Andela uses the results to close skill gaps with training and to match technologists with roles that fit. The assessments repeat as the work changes, so the data is always current.
While many tech companies are reducing staff, Andela doubled its go-to-market team in the past six months and recently expanded its leadership team with several key hires:
Cory Hymel, Head of Research, focused on human-computer interactions and the impact of AI on software developers’ skill set maturation and measuring.
Vincent D’Agostino, Head of Partnerships, focused on building a partner ecosystem to power the Andela platform and train tens of thousands of technologists worldwide on leading technologies.
Kerry Penny, Vice President, Marketing, focused on sharing Andela’s customer success story and mission-driven message with the world.
Jerry Robinson Vice President, Head of Enterprise Business is being joined by regionally-focused leaders to better address regional needs:
Kate Woska, Vice President, Africa/Middle East & Impact Partnerships, focused on Andela’s strong global presence and mission to connect brilliance, wherever it lives, to opportunity, wherever it exists.
Stuart Clarke Vice President of Sales for Europe, serving a growing roster of European customers.
Brittany Johansen, Head of U.S. Sales to meet rising demand in US-based enterprises.
TIME and Statista’s ranking is built on two pillars: financial strength and industry impact. Each company received a score in both dimensions, which were combined into an overall score. Andela earned its place in the top 1% of the roughly 5,000 companies considered.
About Andela Andela is an AI-native data and services company, powering AI transformation for global enterprises. By combining continuous assessment and always-on upskilling, Andela helps enterprises hire and deploy AI engineers at scale, build AI solutions, and upskill teams on emerging technologies. Andela’s diverse talent ecosystem spans over 135 countries and is highly skilled in advanced technologies to support Application Development, Artificial Intelligence, Cloud & DevOps, Data Engineering, and more. The world’s best brands trust Andela, including GitHub, Mastercard, and Mindshare.
