After Stealth Development, Corvic AI Unveils Data-Centric AI Cognitive Infrastructure for Mission-Critical Intelligence Across Complex Enterprise Data

MOUNTAIN VIEW, Calif., April 15, 2025 — Corvic AI, the company transforming secure and scalable generative AI adoption for enterprises, today announced it has raised $12 million in seed funding led by M Ventures and Bosch Ventures, with participation from Foothill Ventures, Lam Capital, LDV Partners, K2 Access Fund and Brian Long (Atlantic Bridge). Corvic AI is pioneering a new era of Data-Centric AI Cognitive Infrastructure — a breakthrough in transforming proprietary enterprise data into actionable intelligence for high-stakes decision-making. This technology fundamentally reshapes how enterprises leverage complex data in the era of generative AI — producing trustworthy, verifiable intelligence at scale with unmatched depth and precision.

Enterprises are rushing to adopt generative AI, but most remain stuck in the prototyping phase — struggling to turn pilot projects into real business impact. The core issue? Enterprise data is complex, and the infrastructure needed to make LLMs work is incredibly difficult to build. As a result, enterprises waste time and resources stitching together incompatible solutions — leading to generative AI applications that hallucinate, fail to scale, and fall short of delivering trustworthy enterprise-grade intelligence.

Corvic AI’s foundational cognitive infrastructure goes beyond simple retrieval, intelligently orchestrating multi-step advanced analytics to deliver accurate and explainable answers across complex enterprise data. Corvic AI’s purpose-built Mixture of Spaces™ (MoS) and Adaptive Chain of Actions™ (ACoA) technologies bridge the gap between siloed proprietary enterprise data and large language models (LLMs), solving a key enterprise AI bottleneck.

Mixture of Spaces (MoS) processes data in its native forms — tabular, relational, text, image, and time series by leveraging inherent signals based on format and structure. This, along with Adaptive Chain of Actions (ACoA), intelligently navigates various data representations (“spaces”) with the right tools using Corvic AI’s Agentic Function Calling™ (AFC) architecture, enabling dynamic, context-aware insights generation. This approach enhances data fidelity and integration, dramatically increasing the success rate of AI adoption in enterprise settings. With auditability and governance built in, Corvic AI’s ACoA ensures its customers can trust AI-powered intelligence in high-stakes environments.

This architecture is purpose-built to address today’s fragmented AI landscape, where tools such as vector databases, retrieval-augmented generation (RAG), graph AI, and generative models operate in isolation, forcing enterprises to stitch together incompatible solutions. This fragmented approach often produces AI-generated outputs that lack factual grounding, making them unreliable for enterprise use. Corvic AI’s Cognitive Infrastructure unifies siloed capabilities into a single, cohesive reasoning system — eliminating inefficiencies, streamlining workflows, and adapting to ever-evolving data environments. Additionally, its plug-and-play integration seamlessly connects with existing enterprise ecosystems, accelerating AI adoption without disrupting current workflows.

Co-founded by Farshid Sabet (CEO), Dr. Donald Nguyen (CTO) and Dr. Gurbinder Gill (CPO), Corvic AI draws on over a decade of its founders’ experience at Intel, Determined AI, Movidius, Katana Graph, and academia, spanning their expertise in deep learning, graph analytics, distributed machine learning, and enterprise infrastructure to deliver enterprise-grade products.

“Enterprise AI remains fragmented — companies struggle to connect and reason across unstructured reports, databases, and dynamic real-world inputs, making it difficult to align institutional knowledge with LLMs and generate reliable results,” said Farshid Sabet, co-founder and CEO of Corvic AI. “Today, enterprises are forced to stitch together disconnected AI models and tools just to get partial answers, leading to inefficiencies and critical gaps in data pipelines. Instead of reinventing models, we focus on elevating complex, proprietary data into AI-ready data — making it more digestible and actionable for LLMs. Corvic AI is defining the missing layer in enterprise AI: end-to-end AI Cognitive Infrastructure that powers generative AI applications at scale.”

“In today’s industrial landscape, the true potential of AI is often bottlenecked by the complexity of enterprise data ecosystems,” said Ilja Aizenberg, principal at M Ventures. “Real-world AI applications must navigate intricate data landscapes where critical information is dispersed across various formats and modalities — from relational databases to unstructured documents and images. Corvic’s AI Cognitive Infrastructure enables structured reasoning and precise intelligence extraction from complex data environments. This approach augments decision-making capabilities and uncovers strategic insights from previously untapped data sources. For industries adopting this advanced AI infrastructure, the potential for significant operational and strategic improvements is substantial.”

“Corvic AI’s outstanding performance during the Open Bosch GenAI Challenge 2024 demonstrated both the effectiveness of their solution and a clear understanding of enterprise needs,” said Ingo Ramesohl, managing director at Bosch Ventures. “We see strong potential in their platform and are looking forward to supporting their growth as they continue to deliver scalable, trustworthy solutions.”

Corvic AI’s Data-Centric AI Cognitive Infrastructure is already being evaluated and integrated by numerous leading companies across critical sectors, including advanced manufacturing, industrial, financial services and life sciences — where accuracy and reliability are non-negotiable. Enterprises partner with Corvic AI to unlock powerful applications such as domain expert agents, where various RAG approaches fall short, as well as generative business intelligence (BI), automated complex analytical processes, and a range of predictive analytics use cases. By consistently delivering measurable results in high-stakes environments, Corvic AI is emerging as a trusted intelligence backbone for modern enterprises — enabling them to move from prototyping into production and achieve strategic advantage. To learn more or request early access, visit www.corvic.ai.

About Corvic AI
Corvic AI is pioneering a new era of Data-Centric AI Cognitive Infrastructure by transforming raw enterprise data into AI-ready intelligence. Built for mission-critical, high-stakes decision-making, Corvic AI’s proprietary Mixture of Spaces (MoS) and Adaptive Chain of Actions (ACoA) technologies enable enterprises to move beyond basic retrieval — intelligently orchestrating multi-step analytics that integrate seamlessly with existing infrastructure to deliver precise, trustworthy AI insights at scale. By unifying AI workflows, complex multimodal data, and enterprise-grade reliability, Corvic AI is redefining how businesses leverage generative AI to drive strategic decisions. Backed by M Ventures, Bosch Ventures, and other leading investors, Corvic AI is shaping the future of enterprise intelligence. To learn more, visit www.corvic.ai.

Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of applicable securities laws. All statements other than statements of historical fact, including statements regarding Corvic AI’s future operations, plans, strategies, technological capabilities, potential adoption by enterprise customers, expected benefits of its cognitive infrastructure, and projected impact on enterprise AI, are forward-looking statements. These statements are based on current assumptions, expectations, and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially. Corvic AI undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Trademarks:
Mixture of Spaces™, Adaptive Chain of Actions™, and Agentic Function Calling™ are trademarks of Corvic AI, Inc. All other company names, product names, and trademarks mentioned are the property of their respective owners and are used for identification purposes only.

Press Contact 
[email protected] 

SOURCE Corvic AI

AUSTIN, Texas, April 15, 2025 — Scout Ventures is delighted to announce that Zach Beecher is joining the firm as a Partner.  Beecher brings extensive experience as a leader in mission-driven initiatives across various sectors, including early-stage technology and national security.

Beecher joins Scout Ventures from America’s Frontier Fund, a deep tech investment fund focused on America’s long-term economic and national security. At AFF, Zach led capital formation and supported national security innovation investment strategy, identifying and supporting dual-use technologies in critical sectors. 

Previously, he served as an officer in the U.S. Army with the 82nd Airborne Division alongside Scout Partner Cody Huggins.  In 2017, Zach deployed to Iraq as part of Operation Inherent Resolve, where he was awarded the Bronze Star. After the  Army, Zach held roles leading a pre-seed accelerator and leading operations at a leading corporate innovation platform.  He currently serves in the Army Reserves in Special Operations Command—Europe. 

“We are thrilled to welcome Zach to our team,” said Brad Harrison, Founder and Managing Partner at Scout Ventures.  “His expertise in venture strategy, national security policy, and emerging technologies will be essential as we continue to  identify and support groundbreaking companies that develop dual-use technologies benefiting both commercial and defense markets.”

Beecher’s career is distinguished by his dedication to national security, economic development, and technological advancement. As Partner, he will spearhead investments in early-stage frontier technology companies, collaborating closely with founders to refine go-to-market strategies, build mission-ready teams, and navigate the complexities of dual-use innovation. He will also fortify Scout’s relationships across the defense, intelligence, and national security communities, solidifying the firm’s position as a bridge between the public and private sectors.

“I am excited to join Scout Ventures, establish our leadership in Washington, D.C., and contribute to our mission of empowering transformative Founders,” said Beecher. “Scout’s breakthrough strategy and commitment to investing in  dual-use solutions ensures that groundbreaking innovations not only advance commercial industries but also enhance  national security and resilience.”

Scout Ventures is an early-stage venture capital firm focused on dual-use technologies that solve National Security challenges. Backing mission-driven founders at the forefront of innovation, Scout provides capital, strategic support, and operational expertise to help scale transformative companies. Our investment areas include space & aerospace,  autonomy, quantum, AI/ML, and advanced materials. Scout Ventures is driven by a mission to make the world a better,  safer place by fostering innovation and promoting collaboration to address future challenges and advance frontier technologies to build a more resilient, secure, and prosperous future.

For more information, please contact:

Cody Huggins
Partner & Head of Investor Relations
Scout Ventures
[email protected]
www.scout.vc

SOURCE Scout Ventures

SEATTLE, April 15, 2025 — IUNU (“you-knew”), a leading innovator in AI and machine vision technologies transforming agriculture, today announced the close of its $20 million funding round led by S2G Investments (“S2G”), with participation from Farm Credit Canada (FCC) and Lewis and Clark Partners.

The funding aims to support IUNU’s continued expansion into high-value markets across North America and Europe and drive broader adoption of its LUNA platform – the only solution on the market delivering plant-level visibility, automated labor analysis, and real-time crop steering and forecasting for high-value vine crops such as tomatoes, cucumbers, and peppers. The capital will also support the expansion of IUNU’s commercial and engineering teams, strengthening its technical leadership.

As population growth, climate volatility, and resource constraints place mounting pressure on global food systems, greenhouse production is emerging as a critical component of agriculture’s future. By enabling localized production, shortening supply chains, and enhancing resilience, it offers a compelling solution – yet growers continue to face significant challenges in labor, productivity, and resource management.

Operating in more than 100 facilities across 18 countries, IUNU’s LUNA platform integrates directly with growers’ existing control systems and ERP systems to deliver a real-time digital assistant that streamlines operations, increases visibility, and drives outcomes across three critical areas:

• Precision yield forecasting: By increasing plant sampling from 0.016% to 10%, LUNA significantly improves forecasting accuracy, enabling sales and operations teams to plan with greater confidence and reduce waste.
• Automated labor quality management: Using computer vision, LUNA evaluates task performance (e.g., deleafing, lowering, pruning) to boost labor efficiency.
• Dynamic crop steering: The platform delivers daily, compartment-level insights to help growers optimize crop health, balance, and quality throughout the season.

“We are seeing 330% growth in our vine-crop segment, driven by a clear need. This investment accelerates our mission to transform greenhouse agriculture by empowering growers with actionable insights. By combining AI-driven systems and deep industry expertise, we’re unlocking unprecedented productivity, sustainability, and profitability for controlled environment agriculture globally,” said Adam Greenberg, CEO of IUNU. “Our platform directly addresses the industry’s most pressing operational challenges, offering transformative efficiencies that significantly boost profitability for growers and sales teams.”

With established market share in leafy greens and partnerships with major North American ornamental growers, IUNU’s growth is supported by strong customer traction and a scalable business model. The investment reflects continued confidence in the company’s vision and execution.

“We’re thrilled to back IUNU in this next phase of growth, particularly as demand in the vine crop segment accelerates,” said Cristina Rohr, Managing Director at S2G. “The team has consistently delivered measurable value at a time when greenhouse operators are under pressure from tight margins and growing volatility. Their technology is helping reduce operational risk and bring greater confidence to growers navigating today’s challenges.”

With this new investment, S2G believes IUNU is well-positioned to scale its platform, expand into new markets, and continue delivering cutting-edge solutions that help growers thrive in an increasingly complex agricultural landscape.

About IUNU
IUNU is an industry-leading technology provider utilizing AI and computer vision to revolutionize greenhouse agriculture. Its platform enhances operational efficiency, maximizes yields, and improves profitability for growers worldwide. Trusted globally, with headquarters in Seattle, WA, USA, Ontario, Canada, and the Netherlands, IUNU continues to set new benchmarks in agricultural technology innovation.

IUNU Media Contact:
[email protected]

About S2G Investments
S2G is a multi-stage investment firm focused on venture and growth-stage businesses across food and agriculture, oceans and energy. The firm provides capital and value-added resources to companies and leadership teams pursuing market-based solutions designed to deliver greater value, improved outcomes, and enhanced performance over traditional alternatives. With a commitment to creating long-term, measurable outcomes, S2G structures flexible capital solutions that can range from seed and venture funding through growth equity to debt and infrastructure financing. For more information about S2G, visit s2ginvestments.com or connect with us on LinkedIn.

S2G Media Contact:
Ally Dunne
[email protected]

SOURCE IUNU

QWERKY AI, Led by a Seasoned Team of Tech Entrepreneurs, Secures $2 Million Seed Funding to Drive AI Innovation

COLUMBIA, S.C., April 15, 2025 — QWERKY AI, a new venture founded by tech entrepreneurs Andrew Strauss, Austin Riley, Chris Thibault, Evan Owen, and Kaitlin McKnight, has secured $2 million in seed funding from private investors in Columbia, South Carolina, and Oklahoma City.

The founding team has a decade-long track record of building and scaling impactful companies — including Sky Bison, Canary, 52inc and Merkle Root — across both tech and traditional industries, from blockchain, web and mobile application development to real estate and craft beer manufacturing. This diverse background equips them with a unique, multi-industry perspective, enabling the development of advanced AI solutions designed to address challenges consumers and businesses face.

QWERKY AI is currently in stealth mode, with plans to launch its first product later this year. The team is focused on building an AI platform to showcase its novel inference engine, which enhances AI’s creative capabilities — starting with use cases in knowledge work and creative tools. The company plans to use the capital to grow its team and expand research and development efforts with a dedicated lab focused on AI prototyping and experimentation.

“By giving every AI model the opportunity to feel genuinely human, we’re not merely improving tools — we’re challenging the industry to rethink what intelligence really means,” says Chris Thibault, co-founder and CEO.

Key highlights:

• $2 million raised in seed funding from strategic angel investors in South Carolina and Oklahoma
• Founders with a proven track record across four impactful companies spanning consumer tech, software platforms and traditional industries
• Focus on creating innovative AI tools designed to empower users across industries and drive breakthroughs in AI research
• Headquartered in Columbia, South Carolina, with a growing distributed team

Evan Owen, co-founder and CTO, says, “We’re excited to dive into research areas frequently neglected or ignored by larger AI enterprises and to add our quirky spin to the future of artificial intelligence.”

Andrew Strauss, co-founder and CRO, adds, “Having worked alongside my co-founders on other ventures, I have seen firsthand the tangible impact of their work across a wide range of clients, businesses and industries. Our team’s diverse expertise puts us in the game and gives us the ability to help shape the direction of the industry.”

Users can visit qwerky.ai to learn more about QWERKY AI and try out the alpha version of the QWERKY AI chat app.

For inquiries about partnership opportunities, email [email protected].

About QWERKY AI

QWERKY AI is a human-centered artificial intelligence company focused on building practical and approachable AI tools for real-world use. Headquartered in Columbia, South Carolina, with a distributed team across the U.S., QWERKY is led by a founding team of tech entrepreneurs with over a decade of experience. The company is dedicated to creating AI that enhances — rather than replaces — human intelligence. QWERKY AI is currently developing an AI platform to empower knowledge workers, creatives and small businesses.

Follow along on LinkedIn, Twitter/X, Instagram and TikTok.

QWERKY Public Relations

[email protected]

+1 803-200-2127

SOURCE Qwerky AI Inc

KENNEWICK, Wash., April 15, 2025 — Cadwell Industries, Inc., a global leader in neurodiagnostic, neuromonitoring, and sleep solutions, today announced its strategic investment in Seer Medical, a Melbourne, Australia-based company specializing in home-based epilepsy diagnostics. The investment was made in partnership with investors Breakthrough Victoria and TrialCap.

Founded in 2017, Seer Medical leverages cloud, web, and AI technologies along with an innovative patient-centric design to advance epilepsy care in the field of neurology. Their flagship product, Seer Home, is focused on long-term home-based video electroencephalography (EEG) monitoring, a technology that measures the brain’s electrical activity to accelerate epilepsy detection, without the need for hospitalization. Epilepsy is the most common chronic brain disease affecting people of all ages, with over 50 million individuals impacted globally.

The investment enables Cadwell to integrate Seer Medical’s long-term home EEG technology with Cadwell’s existing comprehensive EEG portfolio, creating an industry-leading product line serving clinical, ambulatory, and hospital-based epilepsy diagnostic and treatment centers. The investment also provides Cadwell with access to Seer Medical’s Melbourne office and staff, enhancing its technical breadth and capacity for bringing new products to market.

“We are thrilled to welcome the Seer Medical team as a part of the Cadwell family as we continue our shared vision of empowering providers to help more patients worldwide and, importantly, to expand access to quality epilepsy care for the millions who need it. Breakthrough Victoria and TrialCap share in this same vision, and we are pleased to partner with them in improving the lives of epilepsy patients around the world,” stated Patrick Jensen, CEO of Cadwell.

About Cadwell
Cadwell is a global medical technology and services company dedicated to delivering innovative neurodiagnostic, neuromonitoring, and sleep solutions to clinicians worldwide. Our offerings, including Sierra® EMG/NCS/EP/Ultrasound, Arc™ EEG, Cascade® IONM, and ApneaTrak® HSAT and Easy® III PSG systems, are designed to meet evolving clinical and research needs. Through CadCare™, our comprehensive customer care ecosystem, we provide exceptional support for every stage of the care delivery journey. For more information on Cadwell, visit www.cadwell.com, and follow Cadwell on LinkedIn and Facebook.

About Breakthrough Victoria
Breakthrough Victoria was launched three years ago to be a private investment company for Victoria, providing patient capital and investment that impacts the State’s economy. BV provides long-term capital to innovation businesses that will improve people’s lives and benefit Victoria’s economy.

About TrialCap
TrialCap is a pioneering financing solution available through SPRIM Global Investments (SGI), a privately held investment firm specializing in clinical-stage life sciences and pharma services. Founded in 2008, SGI’s innovative investment model provides agile and high-impact funding to high-potential biotech companies worldwide, supporting the advancement of clinical trials and accelerating the development of life-changing treatments.

SOURCE Cadwell Industries, Inc.

Already deployed across 70+ health systems, the investment fuels a period of hyper-growth for hellocare.ai, as demand accelerates for its unified virtual care platform.  The platform that enables hospitals to deliver AI-assisted Virtual Nursing, Virtual Sitting, Virtual Consultation, Ambient Documentation, Digital Whiteboards, Patient Engagement, and Hospital-at-Home—all through one deeply integrated, enterprise-ready solution. The advancement and convergence of artificial intelligence and immersive virtual to physical care technologies have fueled the demand for smart hospital rooms, representing an opportunity to support healthcare delivery across the continuum of care.

“This raise represents a powerful vote of confidence in our mission and model,” said Labinot Bytyqi, Founder and CEO of hellocare.ai. “Health systems are asking for a proven, unified virtual care platform to simplify care delivery, drive clinical efficiency, reduce burnout, and increase patient engagement—and that’s exactly what we’ve built. With this funding, we’re partnering with some of the leading health systems to scale fast and go deeper into AI to solve healthcare’s toughest care delivery and operational challenges.”

“hellocare.ai’s technology and vision are very closely aligned with the evolving needs of health systems,” said Randy Scott, Partner at HealthQuest Capital. “They are solving real problems at scale, with a practical and powerful platform that delivers measurable impact.”

A New Standard for Virtual Care and Patient Engagement

hellocare.ai is the only purpose-built platform on the healthcare market with a fully in-house technology stack—encompassing hardware, software, AI, and a seamless EHR integration engine. This end-to-end approach delivers unmatched speed, customization, and continuous innovation. Paired with AI and flexible hybrid clinical care team models, hellocare.ai empowers health systems to rapidly scale hybrid care, deliver high-quality care from anywhere, and create a truly patient-centric experience—all through a single, unified platform.

Trusted by Leading Health Systems

Already deployed across 70+ health systems, hellocare.ai is replacing fragmented point solutions and delivering meaningful ROI—transforming any hospital room into a smart, connected care environment. In a major milestone, AdventHealth is rolling out hellocare.ai across more than 50 hospitals and over 13,000 patient rooms as part of an enterprise-wide implementation to enhance patient experience, streamline clinical workflows, and drive operational efficiency.

Both Bon Secours Mercy Health and UCHealth are not only investors in this round but also customers of hellocare.ai—actively deploying the platform to reimagine virtual care delivery and elevate patient engagement across their systems. Their dual role highlights the deep alignment between hellocare.ai’s innovation roadmap and the real-world needs of modern health systems.

“Our partnership with hellocare.ai will allow us to improve safety, reduce readmissions, optimize staff workflows and improve patient experience in our hospitals,” said Mark Townsend, MD, MHCM, chief clinical digital ventures officer, Bon Secours Mercy Health and Accrete Health Partners. “Investing in novel digital health technologies enables our health system to be at the forefront of digital transformation, with the intent of making health care as easy as possible for patients and providers.”

About hellocare.ai

hellocare.ai is a leading provider of AI-assisted virtual care solutions. Headquartered in Clearwater, FL, the company supports more than 70 health systems across the U.S. and is rapidly expanding globally. hellocare.ai helps health systems deliver high-quality, patient-centered care while improving clinical efficiency and staff wellbeing. Its fully integrated platform includes AI-Assisted Virtual Nursing, Virtual Sitting, Patient Engagement, Digital Whiteboard, Digital Room Signage, Ambient Documentation, Hospital-at-Home, Remote Patient Monitoring (RPM), and Digital Clinic—seamlessly embedding into existing healthcare EHRs, infrastructure, and care delivery models to power the next generation of healthcare. For more information, visit https://hellocare.ai

About HealthQuest Capital

HealthQuest Capital is a private asset firm that provides capital to transformative healthcare companies. HealthQuest Capital focuses on commercial prospects that drive enhanced patient outcomes and elevate the efficiency of healthcare delivery. With approximately $2 billion in capital under management, the firm focuses on fostering innovation across the healthcare spectrum, including medical technologies, diagnostics, digital health, and innovative services. The HealthQuest Capital team combines decades of investing experience with domain expertise in the various aspects of the healthcare industry. For more information, visit www.healthquestcapital.com

For inquiries, contact:
Mimoza Buonsanti
[email protected]

SOURCE hellocare

NORWICH, England, April 15, 2025 — Homemove, the innovative proptech brand which allows users to manage their complete home move process from a single, easy to use platform, has today announced the successful completion of a $5 million funding round led by Fuel Ventures with co-investors including the Blandford Family Office, and Oxford Innovation. This investment underscores significant confidence in Homemove’s mission to transform the moving experience, enabling people to move home with more confidence and ease through high quality service and an all-in-one tech solution.

Co-founded by James Freestone and Louis O’Connell Bristow, in a highly fragmented industry, Homemove creates a seamless moving experience, by centralising everything in one place. From research to completion, homemove offers holistic oversight, easy management, and real-time updates, significantly cutting down administrative delays and improving customer confidence.

Rapid Growth and Market Validation

In just three years since its inception, Homemove has rapidly scaled from zero to $4 million in revenue, reflecting strong market validation and customer adoption of its innovative services. This latest funding round will enable Homemove to further refine its technology in its five core verticals of estate agents, mortgages, surveys, conveyancing and removals, build national brand recognition, and accelerate a rollout of innovative homemoving products to simplify moving home.

James Freestone, co-founder and CEO of Homemove, said:

“We’re incredibly excited by the support from Fuel Ventures and our additional investors. This investment empowers us not only to scale our platform but also to continue to make the home-moving experience simpler, less stressful, and more joyful for our customers. Our goal is to help homeowners move with greater ease and confidence, knowing everything they need is seamlessly managed in one friendly, easy-to-use place. Homemove truly is the home of moving home.”

Mark Pearson, Managing Partner of Fuel Ventures, added:

“Homemove is exactly the type of disruptive business we love to support – one that’s clearly addressing real-world inefficiencies with robust technology solutions. The company’s exceptional growth from zero to $4 million revenue in such a short time highlights its immense potential. Having backed Homemove since their first SEIS round in 2022, we’re thrilled to lead this round and excited about Homemove’s future.”

About Fuel Ventures

Fuel Ventures provides entrepreneurs with expertise and insights in business development, marketing, and brand-building through its extensive experience in scaling global companies. Since 2014, Fuel Ventures has invested over £227 million into more than 190 startups, continually backing the next generation of innovative technology solutions.

SOURCE Homemove

As Silicon Valley builds AI for the internet, RLWRLD trains AI to act in the real world—with support from LG, SK, KDDI, ANA, and more

SEOUL, South Korea and TOKYO, April 14, 2025 — RLWRLD, a Physical AI startup building robotics foundation models, today announced a $15 million seed round backed by a powerful alliance of industrial leaders from Korea and Japan.

The round includes investments from LG Electronics, SK Telecom, KDDI, ANA Holdings, Mitsui Chemicals, and Shimadzu Corporation, as well as leading AI-focused VCs from Japan and Korea, including Hashed, Mirae Asset, and Global Brain—marking one of the most significant cross-border bets on the future of real-world AI.

RLWRLD is led by Jung-hee Ryu, whose previous company, Olaworks, was acquired by Intel in its first-ever acquisition of a Korean startup. The founding team includes KAIST Chair Professor Jinwoo Shin, Kurly’s ex-CTO, a Kakao engineering lead, and a former BCG partner, forming a world-class squad to tackle what may be the next trillion-dollar opportunity in AI: machines that can move, think, and adapt in the physical world.

“Silicon Valley is building brains for the internet. We’re building brains for machines.”

— Jung-hee Ryu, Founder & CEO, RLWRLD

From Text to Touch: The Rise of Physical AI

While generative AI leaders race to master text, code, and images, RLWRLD is developing foundation models that learn from real-world sensors, robotics systems, and industrial workflows. These models enable robots to reason and act autonomously in dynamic physical environments—factories, warehouses, logistics hubs, and beyond.

RLWRLD’s platform is built on three strategic pillars:

• Embodied model architecture optimized for real-world intelligence
• Industrial-scale data pipelines from East Asia’s manufacturing ecosystem
• Plug-and-play infrastructure that integrates seamlessly with existing robotics systems

“We’re not just writing papers—we’re training models that solve real-world problems on real production floors.”

— Jinwoo Shin, Chief Scientist, RLWRLD & KAIST Chair Professor

Building a Real-World AI Ecosystem

The $15M funding will accelerate RLWRLD’s next phase:

• Expanding proprietary data pipelines across industrial partner sites
• Advancing its robotics foundation model stack
• Deepening integration with robotics and sensor companies in Asia and North America

The company is also building a multi-stakeholder innovation ecosystem through collaborations with KAIST, Seoul National University, and POSTECH, and with robotics manufacturers like WIRobotics, Rainbow Robotics, Wonik Robotics, Robotis and more.

“RLWRLD combines deep AI research with industrial execution at scale. That’s what makes this a rare, high-conviction investment.”

— Simon Seojoon Kim, CEO, Hashed

About RLWRLD

RLWRLD is a Physical AI company developing robotics foundation models trained on real-world data from East Asia’s top manufacturing ecosystems. Founded by serial entrepreneur Jung-hee Ryu, the company brings together world-class AI, robotics, and industrial expertise to power the next generation of embodied intelligence.

Learn more at rlwrld.ai.

Media Contact:

Leehyoung Yang, Team Cookie, [email protected] 

SOURCE RLWRDL

“We welcome Comvest Partners, Barings, and once again thank RedBird for their ongoing support. iCreditWorks will continue to execute its product roadmap, focus on PaaS automation, and integrate new capabilities that make the iCreditWorks App and omni-channel platform even more intuitive and powerful,” said Stephen E. Sweeney, iCreditWorks’ Chairman and Founder.

iCreditWorks has developed a highly configurable and modular Platform-as-a-Service (PaaS) solution that empowers its partners (leading financial institutions, enterprise networks, and large brands) to rapidly deploy embedded POS lending solutions with integrated payment technologies that meet consumers where they live—significantly decreasing time to market while eliminating cost and challenges facing those industries today. iCreditWorks’ digital payments infrastructure, which includes the rapid issuance of an in-App “Tap to Pay” virtual card, offers a seamless and flexible payment experience to consumers and merchants alike.

“We are excited to lead iCreditWorks’ capital raise,” said Charles Asfour, Partner at Comvest Partners. “We believe the Company’s highly compelling value proposition and attractive growth prospects make for a great addition to our opportunistic credit portfolio. We look forward to contributing to the Company’s ongoing success with both capital and other value-added resources going forward.”

Barings similarly embraced iCreditWorks’ Platform through its participation in the raise.

Michael Searles, Head of North America, Capital Solutions for Barings added, “We are excited to back the iCreditWorks Platform and look forward to working with the team to support the Company’s expansion.”

Mike Zabik, a Partner at RedBird Capital, will remain a Board Director since leading the prior capital raise; Charles Asfour and Micheal Searles will join as Observers to the iCreditWorks Board.

“Once again, RedBird Capital is excited to back iCreditWorks,” said Zabik, “and continue pushing their strategic edge in their next stage of growth.”

iCreditWorks will leverage these investments to fuel the continued expansion of its omni-channel PaaS platform into other business verticals (e.g., healthcare, SMB equipment, home improvement, etc.) and drive its commercial growth through new PaaS partnerships.
*All loans issued by WebBank.

About iCreditWorks
iCreditWorks leverages innovative technology and mobility to deliver an omni-channel platform experience that provides access to a broad suite of “Point-Of-Sale” (POS) financing products, empowering consumers to take control of their financing.* The first-of-its-kind iCreditWorks native mobile App delivers a simple, seamless, and secure financing experience that redefines the consumer journey. For more information, please visit www.icreditworks.com.

About Comvest Partners
Comvest Partners (“Comvest”) is a private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and opportunistic credit investment platforms, Comvest offers tailored investment solutions across the capital structure along with deep industry expertise, operating resources, a collaborative approach, and significant transaction experience as an active investor. In 2025, Comvest Partners proudly celebrates 25 years of investment management leadership, and today manages $15.7 billion in assets, with over $16.8 billion invested since inception. Comvest Partners is based in West Palm Beach, with offices in Chicago and New York City. For more information, please visit comvest.com.

About Barings
Barings is a $442+ billion** global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions. For more information, please visit www.Barings.com.
**As of March 31, 2025

About RedBird Capital Partners
RedBird Capital Partners is a private investment firm that builds high-growth companies with strategic capital solutions to founders and entrepreneurs. The firm currently manages $12 billion in assets on behalf of a global group of blue-chip institutional and family office investors. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business-building mandate that focuses on three core industry verticals – Sports, Media & Entertainment, and Financial Services. Over his 30-year investment career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their respective industries. For more information, please visit www.redbirdcap.com.

Contact
Rich Groves
SVP – Professional Affairs
201-450-4268
[email protected] 

SOURCE iCreditWorks