Live Oak Investment Partners and River Financial Group become the latest advisor teams to join Diversify.

SANDY, Utah, Aug. 18, 2026 — Diversify, a leading advisor-founded wealth management platform, announced the addition of Live Oak Investment Partners of Austin, Texas and River Financial Group of Boston, Massachusetts. Together, the two offices oversee nearly $400 million in client assets, and bring Diversify’s total assets to over $14 billion.

Live Oak Investment Partners was founded by Mike Hostick. Having built and operated its own RIA for the past 7 years, the firm made the strategic decision to join Diversify to capitalize on the scale and capabilities of an institutional-quality platform and offload much of the administrative and regulatory burden.

“I interviewed several firms and found that Diversify has one of most competitive compensation programs in the market while allowing their advisors the flexibility to run their businesses the way they want to,” said Hostick. “They also have all the tools needed to expand and scale our business and we’re excited about utilizing all the resources that Diversify offers.” Hostick continued, “The entire Diversify team has made us feel like family and we couldn’t be more excited about what lies ahead.”

River Financial Group is led by founder Leo Rotman. The Boston-based firm is yet another to join a growing list of advisors leaving wirehouse and insurance broker-dealer models in favor of Diversify’s independent platform.

“I’ve spent more than two decades building River Financial Group to help families raising a child with a disability. Growing that kind of specialized practice requires a platform built for independence,” said Rotman. “Diversify gives me the flexibility and infrastructure to launch the next stage of River’s growth, while continuing to serve these families the right way. I am very excited about the possibilities ahead.”

Diversify has eclipsed $14 billion in assets without taking on any outside institutional or private equity capital. The firm points to that independence as a defining part of its growth strategy, one that gives advisors consistency of culture and leadership, familiarity built over years of relationships rather than ownership turnover, and direct access to the people making decisions about the platform’s future.

“Mike and Leo have built great businesses, and we’re proud they’ve chosen Diversify to support the next chapter of that growth,” said Ryan Smith, CEO and Co-Founder of Diversify. “These are some of the most important decisions advisors will make in their careers. At Diversify, these are not transactions, they are long-term partnerships that we treat with the care and respect that advisors deserve”.

About Diversify

Diversify is an advisor-founded and advisor-led wealth management platform that empowers financial advisors and their clients with institutional resources and a boutique, personalized approach. The firm operates through Diversify Advisory Services, LLC and Diversify Wealth Management, LLC, both SEC-registered investment advisers, with securities offered through DFPG Investments, LLC, member FINRA/SIPC. Diversify is led by CEO and Co-Founder Ryan O. Smith. Learn more at www.diversify.com.

Media Contact

Brett Beynon

Diversify

[email protected]

www.diversify.com

SOURCE Diversify

Founder John Vance ties fees to client outcomes, writes checks to support companies it advises

AUSTIN, Texas, Aug. 18, 2026 — Veteran entrepreneur John Vance today announced the launch of Parachute, the advisory studio and VC fund seeking to close the gap between frontier technology companies’ brand strength and revenue.

When Procter & Gamble closed its fiscal year last month, the world’s most sophisticated brand-building machine reported flat organic sales and “underwhelming demand for its products,” according to CNBC. P&G’s brands did not get weaker. Their conversion of people into buyers did.

Parachute is focused on that gap between how strong a brand is and how much it earns, working with founders to rebuild their company’s stories and sales infrastructure together, with pricing based on outcomes rather than fixed retainers. The firm launches alongside a $1.5 million in-house venture arm that deploys capital directly into the clients it serves.

“P&G’s latest results demonstrate at maximum scale what founders feel at the seed stage,” said Parachute founder John Vance. “Brand strength and revenue are two different variables of a company. Most companies with underperforming revenue don’t have a ‘marketing’ problem. They have a brand-revenue gap that is closable with the correct diagnosis and treatment.”

Vance brings a 10-year track record as an entrepreneur, including selling a company in 2020 for $7.3 million. Over three years as a top seller at a frontier-tech media company, he personally drove more than $100 million in revenue throughout his career. He’s worked with major brands including Stripe, Adidas, AT&T, Ramp, and Corgi.

Parachute’s outcome-based pricing model is a deliberate distinction from the legacy advisory sector, which is scrambling to transition under pressure from the AI boom. McKinsey, the oldest and largest of the “Big Three” strategy consulting firms, now derives about a quarter of its fees globally from performance-based arrangements, according to Business Insider.

Bain’s tech- and AI-enabled work makes up about 30% of its business, while BCG expects AI work to reach about 40% of revenue. When AI compresses a week of human analysis into an afternoon of compute, an hourly rate no longer reflects the value delivered. Historically, consultancies bill for time and deliver strategy documents. Conversely, Parachute collects fees when clients hit tangible, agreed-upon objectives.

“The advisory industry is built to serve the consultant, not the client,” Vance said. “Retainers reward time, not results, and the client carries all the risk. We invert that. We get paid when objectives are hit. When we have a strong enough belief in a company, we write it a check. That’s not marketing: It’s our operating model.”

Parachute’s venture arm demonstrates that the firm’s pricing model is more than a marketing gimmick.

“Many firms will knock 10% off their retainer and claim they now have skin in the game,” Vance said. “We write checks and then build the go-to-market function to protect our investment. If we’re wrong about a company, we lose twice. When we’re right, we both win.”

Parachute is now accepting a limited number of seed and Series A engagements.

Learn more at parachuteventures.co

About Parachute
Parachute is a frontier and emerging tech brand-revenue advisory firm with an in-house VC arm. Parachute closes the gap between brand strength and revenue for seed and Series A companies, building the story and the revenue engine behind it.

SOURCE Parachute Ventures

Wing Venture Capital leads investment in a foundation-model company bringing intelligence to the structured data that runs the physical and digital economy

SAN FRANCISCO, August 18, 2026 — Synthefy today unveiled its foundation-model platform for structured data. The company’s  Structured Data Foundation Models (SDFMs) bring foundation-model intelligence to the numbers, tables, transactions, and signals that drive the physical and digital economy without building and training a separate model for every problem.

Synthefy also announced a $6.5 million seed round led by Wing Venture Capital, with participation from Haystack, Samsung Next, Canonical, and Lightscape. The round also includes investments from Srinivas Narayanan, former CTO of Applied AI at OpenAI; Aparna Chennapragada, Chief Product Officer of Experiences and Devices at Microsoft; and Manohar Paluri, Vice President of AI at Meta Superintelligence Labs.

“While much is focused on artificial general intelligence that replicates human capabilities through language, we’re building machine intelligence for problems humans cannot solve at scale,” said Somi Agarwal, co-founder of Synthefy. “Our models are designed specifically for structured numerical data, bringing foundation-model intelligence to the numbers, tables, transactions, and the signals that drive the global economy.”

Bringing foundation models to the world’s structured data

LLMs learned reusable patterns by pretraining on vast collections of text, and Synthefy applies the same approach to structured numerical data. Synthefy’s Structured Data Foundational Models process structured data tokens while preserving relationships within tables and time series.  A structured data token can represent a sensor reading, a financial transaction, a stock tick, a housing price, a meter pulse, or a biometric signal.

Unlike traditional machine learning, where every dataset and use case demands its own purpose-built model, Synthefy’s Structured Data Foundational Models generalize across numerical data itself. A pretrained model can forecast demand across thousands of products, optimize prices in real time, detect financial fraud, anticipate infrastructure failures, and improve data center efficiency. The same foundation model can extend to any problem that can be expressed as structured data.

Designed for enterprise deployment and control

Recent advances in architecture, data, and computing have made numerical pretraining practical at scale. Synthefy turns that capability into a reusable foundation-model layer for forecasting, pricing, fraud detection, risk analysis, and infrastructure monitoring.

Enterprises and developers can generate production-grade predictions through an open model, a managed API, an enterprise platform, or a deployment inside their own environment. The platform supports the data environments enterprises already use, including AWS, Databricks, Snowflake, and Google Cloud. 

Synthefy is already working with customers and partners across retail, financial services, telecommunications, infrastructure, healthcare, and defense. Its models are being used for demand forecasting, pricing optimization, risk detection, and infrastructure failure prediction.

Nori brings foundation-model intelligence to tables

Synthefy’s models are smaller and purpose-built for numerical prediction and require less compute and energy than large, general-purpose language models. 

Nori is an open-source structured data foundation model. Nori helps enterprises solve high-value problems, including pricing optimization, fraud detection, risk analysis, and demand forecasting.

• Nori ranks first across 130 public (regression) benchmarks.
• Available under an Apache 2.0 license, almost 600K Nori models have been downloaded, and 5,000 Python installations have occurred in its first weeks since launch last month.

“The rise of foundation models for structured data represents the next major expansion of artificial intelligence,” said Gaurav Garg, founding partner at Wing Venture Capital. “Synthefy is building a model platform that can address some of the largest and most valuable datasets in the world. Its combination of technical performance, efficient architecture, open models, and early enterprise adoption positions the company to define this emerging category.”

Synthefy will use the new funding to expand its research and engineering teams, develop the next generation of Nori, and establish partnerships in industries where better numerical prediction can generate significant economic and operational value.

“Our vision is a single model layer for the world’s structured data, one foundation that any team can point at any numerical problem,” said Assistant Professor Sandeep Chinchali, University of Texas at Austin, and co-founder of Synthefy. “Foundation models for structured data will become as important as foundation models for language. They will be less visible and less conversational, but they will quietly improve the decisions that move value through the real world.”

About Synthefy

Synthefy is building Structured Data Foundation Models, foundation models designed specifically for the numerical data that runs the world. Its open, enterprise-ready models help organizations forecast demand, optimize pricing, detect risk, predict failures, and simulate outcomes without building and training a separate model for every problem.

Founded in 2023, Synthefy is backed by Wing Venture Capital, Haystack, Samsung Next, Canonical, Lightscape, and leading artificial intelligence executives. The team includes former engineers and scientists from Meta, Nvidia, Adobe, Uber, and leading academic institutions, with research published at top conferences.

 Learn more at www.synthefy.com.

Contact: Michael Celiceo, [email protected] 

SOURCE Synthefy

New investment supports continued expansion of LJM’s technology, analytics and strategic shipping advisory services

FARMINGDALE, N.Y., Aug. 18, 2026 — LJM, a technology-enabled parcel shipping advisory and management company, today announced a strategic partnership with Clearview Capital, a private investment firm. The transaction, which closed May 6, 2026, brings additional resources to support LJM’s continued growth while preserving the expertise and high-touch service model that clients rely on today.

For LJM clients, the partnership will maintain continuity in day-to-day service while enabling increased investment in the company’s technology, analytics and advisory capabilities. LJM plans to accelerate investment in its Parcel Intelligence Platform™, scale its advanced analytics and service offerings, and expand its Executive Shipping Advisory to support holistic, integrated shipping strategies for its largest clients.

The partnership arrives at a time when parcel shipping is becoming an increasingly strategic expense for businesses. In Boston Consulting Group’s 2025 Parcel Study, 90% of shippers indicated that reducing parcel delivery costs is a core challenge in managing parcel logistics.

UPS and FedEx are increasingly prioritizing value and margin over volume, while dynamic pricing, more frequent rate changes and expanding accessorial charges are making parcel costs harder to predict and manage. For shippers, these changes make data-driven carrier negotiations, service optimization and network strategy increasingly important.

“This is about building on what already works,” said Ken Wood, Founder and Chief Executive Officer at LJM. “Our clients will continue receiving the same hands-on expertise they expect from LJM. What changes is our ability to invest more aggressively in the technology, data and capabilities behind that service. Parcel shipping is becoming more complex every year, and this partnership gives us additional resources to help clients see their costs more clearly, make better-informed decisions and manage shipping as an integrated component of their broader business strategy.”

LJM combines proprietary technology and robust parcel data with deep carrier-side expertise to help businesses manage and reduce parcel spend. Its services span carrier contract negotiation and ongoing rate optimization, parcel analytics, invoice audit and recovery, and strategic shipping advisory. LJM’s Parcel Intelligence Platform™ provides centralized access to shipping and spend data, shipment-level reporting, alerts and cost-trend analysis, giving businesses greater visibility into parcel performance and the ability to continuously optimize shipping costs and strategy.

Over more than two decades, LJM has built its business around measurable client outcomes and a high-touch approach to parcel management. Today, the company serves more than 1,500 businesses and has processed more than 5.5 billion parcels, combining technology with experienced parcel professionals to help shippers navigate increasingly complex carrier pricing and operating environments.

“What stood out to us about LJM is the consistency and quality with which the company delivers measurable, valuable outcomes to its clients,” said Geoff Faux, Partner of Clearview Capital. “In an environment where parcel shipping costs remain a significant and increasing expense for businesses, LJM has developed a highly differentiated platform and a proven ability to generate tangible savings for its clients. These attributes position LJM well for its next phase of growth, and we are excited to support the team as they continue to expand the company’s capabilities and build on that success.”

About LJM

LJM is a technology-enabled parcel shipping advisory and management company that helps businesses understand, manage and reduce parcel spend. Combining the Parcel Intelligence Platform™, advanced analytics and deep carrier-side expertise, LJM provides carrier contract negotiation and ongoing rate optimization, parcel analytics, audit and recovery, and executive shipping advisory services. LJM serves more than 1,500 businesses and has processed more than 5.5 billion parcels.

Learn more at myljm.com.

About Clearview Capital

Clearview Capital is a private investment firm founded in 1999, focused on acquiring and recapitalizing lower middle-market companies in North America. The firm has completed more than 150 transactions across diverse industries and is headquartered in Stamford, Connecticut, with additional offices in California and Tennessee.

SOURCE LJM

GRAND RAPIDS, Mich., Aug. 18, 2026 — Capitan Orthopedics, Inc. (https://capitanortho.com/) announced today that it has closed its oversubscribed Seed round, bringing its total capital raised to date to $4.1 million.

Chance W. Leonard, CEO of Capitan Orthopedics, Inc., commented, “I am extremely excited to announce that we have not only closed our Seed round, but have oversubscribed by over $1.1 million dollars. In addition to our recent receipt of FDA Breakthrough Device Designation, our team continues to reach milestone achievements at an accelerated pace. Today is yet another special day in our rapidly progressing project timeline.”

Capitan Orthopedics, Inc. intends to use the funds to continue its project development and validation efforts and begin its first in-human clinical trial, which is expected to begin in Q1 2027.

Mr. Leonard also added, “We remain very encouraged by our continued progress on this innovative project, the strength of the unmet clinical need and the unique opportunity it creates. Our investors clearly recognize this opportunity, and their capital investment demonstrates significant confidence in the work we are doing. The progress we are making to deliver to the market a solution that is simple, reproducible, and cost effective is exceptional. With core development complete and a clear regulatory path ahead, we look forward to beginning our first in human clinical trial as soon as possible.”

R. Sean Churchill, MD, MBA, shoulder reconstruction specialist, and surgeon design team member, “For decades surgeons have struggled with the irreparable rotator cuff tear. For those patients 65 years and older, the reverse total shoulder arthroplasty provides outstanding results. However, for the younger, active patients with an irreparable rotator cuff tear, there remains a void in surgical treatment options. The SupraSpacer™ stands to fill that gap with a durable, metallic implant that maintains the humeral head aligned with the glenoid throughout a full shoulder range of motion while preserving 90% of the humeral head cartilage. The seven-step surgical procedure is straightforward, reproducible, and ideal for utilization in the ambulatory surgery center.”

About Capitan Orthopedics, Inc.

Capitan Orthopedics, Inc. is an innovator in the design of orthopedic implant products for shoulder surgery. The company has developed the SupraSpacer™ implant and procedure to successfully address the critical unmet need of irreparable rotator cuff tears in younger, active patients. This novel technology fills a distinct gap in the current care continuum and provides surgeons with a simple, reproducible solution that integrates smoothly into existing surgical workflows. The system is purpose-built for the ASC setting and includes sterile-packaged instruments and implants to support procedural efficiency. 

Capitan Orthopedics, Inc. is backed by Genesis Innovation Group, Inc. (https://genesisinnovationgroup.com/), a leader in medical device development and commercialization and represents a compelling opportunity to bring a first-in-class solution to a large, underserved patient population. For investment information, please contact the company at 1-833-444-2468.

https://genesisinnovationgroup.com

https://capitanortho.com 

SOURCE Capitan Orthopedics, Inc.

JANESVILLE, Wis., Aug. 18, 2026 — As U.S. nuclear fuel recycling moves toward commercial reality, SHINE, a fusion energy company with a platform serving the nuclear fuel recycling market, is working with GE Vernova on a project to develop a modernized and more efficient system to track spent fuel throughout the recycling process.

Led by GE Vernova’s Advanced Research Center, the company’s central technology development hub, the project — funded by the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) program — aims to use artificial intelligence to optimize spent nuclear fuel tracking and measurement at recycling facilities. As a GE Vernova subcontractor, SHINE is developing improved sensor deployment and AI-powered material-tracking systems that would help incorporate material control and accountability into nuclear fuel recycling facilities from the very start.

“There’s a better way to handle material control and accountability at spent nuclear fuel recycling facilities — one that doesn’t mean permanent cost and disruption,” said Ross Radel, SHINE CTO. “As a company designing a recycling process of its own, SHINE is joining the GE Vernova-led collaboration to tackle the design challenge of building modern accountability and safeguards into nuclear recycling facilities from day one. Get that right, and these facilities will be more cost-effective and have less downtime.”

Economic viability is at the core of the project, which is developing technology known as Monochromatic Assays Yielding Enhanced Reliability, or MAYER, for spent nuclear fuel recycling facilities. The technology is intended to track and measure nuclear material in real time as it flows through a recycling facility and feed that information into a virtual digital twin, strengthening security safeguards while significantly reducing operating costs.

Currently, nuclear operators may use redundant instrumentation, physical security measures, repeated manual sampling and periodic shutdowns to carry out inventory checks of nuclear material within a facility. Material control and accounting are part of a larger safeguards program run by the U.S. Nuclear Regulatory Commission to ensure nuclear material is not stolen or otherwise diverted.

SHINE’s work on the MAYER project supports its broader goal of building a commercial nuclear fuel recycling facility that would be classified in a lower-security NRC category, significantly reducing the physical security burden and cost.

Along with the MAYER collaboration, SHINE announced today another partnership designed to pave the way for practical nuclear fuel recycling that turns nuclear “waste” into an energy resource. These technologies support the cost competitiveness SHINE is seeking in its Recover Elements – Destroy Undesirables – Create Energy nuclear fuel recycling process, called REDUCE for short. Together, they advance SHINE’s work toward the first commercial application of advanced recycling technologies that aim to enable the efficient, proliferation-resistant extraction of uranium, plutonium and other high-value materials from spent nuclear fuel.

About SHINE

SHINE is a fusion energy company headquartered in Janesville, Wisconsin. We are leading the transition to the fusion economy through a vertically-integrated platform that supplies critical products to global markets, each one funding the next.

Today, we supply defense and research customers with neutron-based testing. Our medical radioisotopes diagnose heart disease and treat cancer, and the world’s largest commercial-scale medical isotope facility is now under construction. We are developing the technology to recycle used nuclear fuel, targeting a commercial pilot to draw down the 94,000 metric tons that have accumulated in the United States. Our long-term purpose is to put fusion energy on the grid. Learn more at www.shinefusion.com.

About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification, and Wind segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 85,000 employees across 100+ countries around the world.

GE Vernova’s Advanced Research segment is an innovation powerhouse, operating at the intersection of science and creativity to turn cutting edge research into impactful realities. Advanced Research collaborates with GE Vernova’s businesses across a broad range of technical disciplines to accelerate the energy transition.

SOURCE SHINE Technologies, LLC

Smack is scaling the domain-specific AI that allows America’s warfighters to achieve Decision Dominance across the Joint Force.

AUSTIN, Texas, Aug. 18, 2026 — Smack Technologies, the first frontier AI lab for national security, today announced it has raised a $61 million Series B financing round led by Costanoa Ventures and First In, with participation from Point72 Ventures, Geodesic Capital, Nomi Capital, Felicis, Sapphire Ventures, Scribble Ventures, Fortitude Ventures, Bloomberg Beta, and Palumni VC. The round brings Smack’s total capital raised to over $90 million as they rapidly expand their Decision Dominance platforms across the Joint Force.

The new funding will enable Smack to build the proprietary hardware necessary to deploy Alpha, its tactical AI platform, directly to the edge. While Smack’s Omega platform supports strategic planning at the command level, Alpha extends those decision-making capabilities to warfighters operating in comms and compute constrained environments. Unlike commercial LLMs, Smack’s AI is purpose-built to reason through the physics, resource constraints, and operational complexity of warfare. Smack will also use the new funding to rapidly increase model scope across domains and warfighting functions, and to recruit top AI research and engineering talent.

“The next peer-level conflict won’t be won by the side with the most sensors and effectors. It will be won by the side with Decision Dominance, the side that can turn information and capabilities into action the fastest,” said Andy Markoff, CEO and co-founder of Smack Technologies. “The DoW needs the entire decision-making process to become more autonomous while still making the correct decisions in an increasingly complex battlespace. Getting this right means putting humans in the process where they are ethically and strategically valuable — and removing humans from the part where they’re not.”

But right now, the defense industry is pursuing autonomy that only targets the platform: how independently a drone can navigate, how many vehicles one operator can control, or whether a swarm can coordinate against a target. These are real engineering problems, but they don’t answer the military question that decides a campaign: can a distributed force act coherently toward its objective, while comms degrade in a DDIL environment, resources are running out, and the adversary adapts in real time. Autonomy has to be solved at the level of the campaign, not the platform. 

This is Intelligent Autonomy: campaign-level decision-making at the speed of the fight, decentralized to the edge. 

Together, Smack’s Omega and Alpha platforms put Intelligent Autonomy in the field. Omega supports campaign-level reasoning at the command level, while Alpha pushes that same reasoning to warfighters and autonomous systems at the tactical edge. The result is an AI reasoning layer across echelons and warfighting functions. This is how Smack delivers Decision Dominance to the Department of War, and how America and her allies will win the next peer-level conflict.

“The nature of warfare doesn’t change, but its velocity absolutely does. Warfighters today may have better situational awareness, but what they need is decision-making support at machine speed,” said Arthur Karell, General Partner at First In. “Smack is leading the production of fight-tonight AI decision-making models, and we couldn’t be prouder to support its highly experienced team of operators and researchers as they deploy these advanced models downrange.”

“You can’t simply fine-tune a commercial large language model, call it defense tech and expect to win a peer-level fight,” said Greg Sands, Founder & Managing Partner at Costanoa. “That requires both a detailed understanding of sensors and effectors and the hard-earned, tacit knowledge that lives in the heads of people who’ve made decisions under fire. It also requires the right model for the mission, which is more likely to be small and physics-based than large and language-based. Smack is the first team we’ve seen build the training environment to capture that expertise and turn it into models that work everywhere the fight happens — from the command center to the tactical edge, including in low-compute, disconnected environments where cloud-dependent systems simply can’t operate.”

About Smack Technologies
Smack Technologies is the first frontier AI lab built for national security, delivering Decision Dominance to the Joint Force. Co-founded in 2024 by MARSOC veterans, Smack is building domain-specific AI models for the singular purpose of deterring — or winning if necessary — the next peer-level conflict. The company’s products, Omega and Alpha, are designed to cut across decision-making silos within the DoW, enabling campaign planning in minutes and plan updates in seconds across all time horizons for the United States, its allies, and partners. Smack is hiring world-class AI engineers and researchers and continues to build its team of leaders from all branches of the military and defense. Visit https://smacktechnologies.com/careers to join the fight.

Media Contact
[email protected]

SOURCE Smack Technologies

Round exclusively led by Qiming Venture Partners; proceeds to fund China registration trial and overseas early-stage clinical development

SHANGHAI and HANGZHOU, China, Aug. 17, 2026 — Enginprime Medical (“Enginprime” or the “Company”), a developer of percutaneous ventricular assist device (pVAD) technology, today announced the closing of a $12M Series A financing round, exclusively led by Qiming Venture Partners. Proceeds will fund the registration clinical trial of OpusOne™ in China and support regulatory submissions and early-stage clinical development of the platform globally.

Founded in 2023 by Voyagers Capital and a team of experienced engineers, Enginprime is developing next-generation percutaneous ventricular assist systems. The company’s lead product, OpusOne™, is designed to deliver higher flow rates from a smaller catheter profile.

“We are deeply grateful to Qiming Venture Partners and Voyagers Capital for their strategic support,” said Zhiyong Liu, Chief Executive Officer of Enginprime. “This funding marks a pivotal milestone as we advance and scale a globally competitive pVAD system. We are committed to executing our global clinical and regulatory strategies to deliver reliable, cost-effective percutaneous ventricular assist solutions to market.”

Shuo Mao, Principal of Qiming Venture Partners said, ” The foldable impeller pVAD achieves greater flow capacity with a lower-profile design, effectively reducing clinical complications and broadening patient eligibility and clinical applicability. It delivers significant clinical value for ventricular assist therapy. To date, no comparable product has obtained global regulatory approval, representing an untapped technological frontier in the industry. We believe that with solid industrial expertise and profound clinical insights, coupled with the joint efforts of its core team and shareholders, Enginprime’s differentiated pVAD innovation is poised to fill the global market gap and bring substantial therapeutic benefits to patients worldwide.”

“Enginprime came out of Voyagers Capital’s Venture Creation model, and the team has more than delivered on the bar we set when we started the company,” said Fiona Zhang, Partner at Voyagers Capital. “We see a clear gap and opportunities in the global pVAD market, and look forward to bringing OpusOne™ to the market in China and globally with the support of Qiming Venture Partners and other strategic partners.”

About Enginprime Medical

Enginprime was established in 2023 and incubated by Voyagers Capital, leveraging cross-disciplinary engineering capabilities, systems integration expertise, and advanced manufacturing methodologies. OpusOne™, as the company’s flagship medical device platform, is actively advancing clinical validation to support future global commercialization.

About Qiming Venture Partners

Qiming Venture Partners was founded in 2006. Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Healthcare industries at the early and growth stages.

Since our debut, we have backed over 580 fast-growing and innovative companies. Over 210 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 80 portfolio companies that have achieved unicorn or super unicorn status.

About Voyagers Capital

Voyagers Capital is a healthcare venture capital fund focused on creating long-term value through strategic investments in innovations. We partner with visionary entrepreneurs to bring transformative products to patients globally.

For more information, please contact:

[email protected]; [email protected].

SOURCE Enginprime Medical Inc; Voyagers Capital

DES MOINES, Iowa, Aug. 17, 2026 — Wells Fargo announced today at the Iowa State Fair that it is making a $1.5 million investment to Habitat for Humanity to focus on innovative and affordable housing options in towns and rural communities across the country.

“Housing affordability is a growing challenge in Iowa and across the country,” said Jason Rosenberg, head of Public Affairs at Wells Fargo. “Through our partnership with Habitat for Humanity, we’re advancing growth-focused solutions so communities across the nation, greater Des Moines and rural Iowa can continue to thrive.”

As the nation faces a severe housing shortage, many families are struggling to stay in communities where they have established roots. Through this initiative, Habitat will advance alternative housing solutions, such as modular construction, an off-site building technique where pieces of the home are built in a factory and then transported to a permanent foundation.

One of the key advantages of modular construction is its efficiency, helping Habitat expand access to affordable homeownership by reducing build timelines and easing project logistics for local Habitat affiliates, particularly in areas where volunteer and contractor availability is limited. Modular homes meet or exceed local and state building codes, ensuring quality, safety and durability.

From this investment, $1 million will go to Habitat for Humanity International to advance housing innovation, including modular construction. Wells Fargo is providing Greater Des Moines Habitat for Humanity with $500,000 in funding to expand affordable housing solutions in towns and rural communities in central Iowa, such as Perry and Indianola.

“Along with our traditional home building model, modular homes are an added solution to the housing affordability crisis,” said J. Edwin Hensley, director, U.S. construction at Habitat for Humanity International. “This is a national push. With the support of Wells Fargo, we have the opportunity to prove this can work in rural, suburban and urban communities.”

Beyond this investment, Wells Fargo employees volunteered with Greater Des Moines Habitat for Humanity at the state fair to build wheelchair ramps for local homeowners. The most affordable home is the one a person already lives in, and this project will highlight the importance of people being able to age in place or live with a disability, keeping them in a home where they feel physically safe and financially secure.

“Homeownership creates stability for families and strengthens communities,” said Lance Henning, CEO of Greater Des Moines Habitat for Humanity. “For far too many Iowans, homeownership feels out of reach. Everyone should be able to afford to live in the community where they work and where their kids go to school. This investment from Wells Fargo will help support new affordable homeownership opportunities right here in Iowa and all across the country.”

Wells Fargo aligns with community leaders who highlight how housing shortages are not only affecting individual households but the economic growth of the entire community.

“This generous investment to Habitat for Humanity will make a real difference for families in rural communities like Indianola and Perry. In smaller towns, every new home means another family can put down roots, build a future, and contribute to the community they love and call home,” said Congresswoman Ashley Hinson. “I’m grateful to Wells Fargo for investing in stronger communities and more opportunities for Iowa families. I’ll keep working across the aisle to make the American Dream of home ownership attainable again.”

For more than 30 years, Habitat for Humanity International and Wells Fargo have worked together to increase housing affordability and help build more prosperous communities around the world. Since 2015, Wells Fargo & Company and the Wells Fargo Foundation have donated more than $105 million to Habitat for Humanity International and local affiliates in support of affordable and sustainable housing, including support for new home construction and repairs, helping older adults age in their homes, and neighborhood revitalization and disaster response efforts.

About Habitat for Humanity

Habitat for Humanity is a movement of people in your local area and around the world, working together to build more prosperous and vibrant communities by making sure everyone has a safe, affordable place to call home. Since our founding in 1976 as a Christian organization, together we have helped more than 65 million people globally build their futures on their own terms through access to decent housing. We’ve done that by working alongside people of all walks of life to build, repair and finance their homes, by innovating new ways of building and financing, and by advocating for policies that make constructing and accessing housing easier for everyone. Together, we build homes, communities and hope. To learn more, visit habitat.org

www.habitat.org/newsroom

SOURCE Habitat for Humanity International