Led by Dogwood Ventures, the financing will accelerate Stratusphere, StratusGrid’s platform for identifying, approving, executing, and verifying cloud infrastructure optimizations.

CHATTANOOGA, Tenn., June 2, 2026 — StratusGrid, a cloud infrastructure optimization company helping enterprises move from cloud visibility to verified outcomes, today announced it has raised $3 million in seed financing, the company’s first outside capital round.

The round was led by Dogwood Ventures, based in Atlanta, with participation from Market Square Ventures, LaunchTN, VentureSouth, Service Provider Capital, and several strategic angel investors.

StratusGrid helps companies address a growing challenge in modern cloud environments: infrastructure sprawl. As cloud environments become more complex and AI workloads increase infrastructure demands, many organizations struggle to identify, prioritize, approve, and safely execute the changes required to continuously optimize for efficiency and performance.

Traditional cloud optimization tools often stop at visibility. StratusGrid is building an AI-driven platform that closes the loop: identifying environment-specific opportunities, planning work, routing approvals, supporting execution of customer-approved changes, and verifying the results. This approach has helped customers save millions of dollars across large-scale AWS and Azure environments through infrastructure changes that improve value and performance while allowing their teams to focus on feature delivery.

This infrastructure-level execution is particularly important for private equity-backed software companies, where StratusGrid turns cloud optimization from an analysis exercise into an executable value-creation motion that reduces cloud costs without long-term financial commitments.

“We are thrilled to partner with Chris and the StratusGrid team as they solve a massive and growing challenge facing technology companies: infrastructure sprawl,” said Aaron Hurst, founding partner at Dogwood Ventures. “StratusGrid’s approach does more than identify cloud optimization opportunities. It helps customers safely execute approved changes and realize measurable benefits. As AI deployments make infrastructure environments even more complex, StratusGrid is well positioned to become a critical partner for companies operating at scale.”

StratusGrid bootstrapped the business prior to raising outside capital, building the company around customer demand and deep experience operating in complex cloud environments. The new financing positions StratusGrid to accelerate development of Stratusphere, expand product and engineering capacity, and scale go-to-market efforts with private equity-backed software companies and enterprises managing large and growing AWS and Azure environments.

“We bootstrapped StratusGrid by staying close to customers and solving painful infrastructure problems with a team that knows how to execute,” said Chris Hurst, CEO of StratusGrid. “This round reflects the trust our customers have placed in us and the work our team has done to turn complex cloud challenges into measurable outcomes. With this financing, we are ready to accelerate Stratusphere, our AI-native services platform for cloud infrastructure optimization, and deliver world-class optimization expertise at software scale to customers managing growing cloud environments.”

“Visibility is important, but visibility alone is not enough. The harder challenge is turning insights into safe, approved, measurable action without pulling engineers away from higher-priority work,” said Jeremy Scardino, CPO of StratusGrid. “With Stratusphere, we are building the execution layer for cloud optimization, bringing intelligence, context, workflow, and execution together so optimization becomes an operational capability teams can trust and scale.”

About StratusGrid
StratusGrid is a cloud infrastructure optimization company helping enterprises move from cloud visibility to verified outcomes. Its Stratusphere platform combines AI-driven opportunity discovery, planning, approval workflows, execution of approved changes, monitoring, and savings verification to help teams improve efficiency and performance in complex AWS and Azure environments. https://stratusgrid.com/

About Dogwood Ventures
Dogwood Ventures is an Atlanta-based venture capital firm investing in high-growth technology companies across the Southeast and beyond. The firm partners with ambitious founders building durable businesses in large markets.

Media Contact:
Dan Foster
[email protected]
+1 (423) 401-6030

SOURCE StratusGrid Inc.

Co-hosted by the AgeTech Collaborative™ from AARP, the conference features a business plan competition, certification in AI and Longevity, and a thorough examination of transformative issues and investing opportunities in the $8.3 trillion longevity market

LAFAYETTE, Calif., June 2, 2026 — The most anticipated gathering for leaders in the longevity economy, the annual What’s Next Longevity Venture Summit, is coming to Berkeley, Calif., June 16-18. Now in its 23rd year, it attracts more than 200 investors, entrepreneurs, and thought leaders driving the $8.3 trillion longevity ecosystem. It features the $10,000 Business Plan Competition and recognizes the finalists for the John Hopper Impact Award.

“This continues to be the most trusted event for learning and discovery from research, experts, and use cases, plus defining trends and best practices in the longevity ecosystem,” says Mary Furlong, who produces the event, co-hosted by AgeTech Collaborative™ from AARP. “We’re known for bringing together distribution partners, investors, thought leaders, analysts, innovators, and partners in senior housing, home care, and media to foster deal flow in longevity.”

This year Mary Furlong & Associates is partnering with CITRIS Health and the Banatao Institute at UC Berkeley. Together they will offer programming and a certificate in AI and Longevity at the summit.

Nathan Price, PhD, will deliver the keynote address. As a professor and co-director of the Center for Human Healthspan at the Buck Institute for Research on Aging, he will share his vision for optimizing our health in ways previously unimaginable, using systems biology, big data, and AI.

The $10,000 Business Plan Competition will spotlight five innovative startups that support and improve the quality of life for older adults. Named in honor of a visionary and innovator, The John Hopper Impact Award recognizes an exceptional entrepreneur who has introduced an innovative solution or technology focused on improving the independence, quality, and cost of care for the aging population.

Featured speakers include Nathan Price, PhD, Professor and Co-Director, Center for Human Healthspan, Buck Institute for Research on Aging; Dan Hermann, President and CEO, and Head of Investment Banking for Ziegler; Sean Kelly, CEO, FrontPorch, Mark Mahaney, Senior Managing Director, Evercore; Tiffany Yu, Principal, 7wire Ventures; Kaushik Roy, CEO, Vivalon; Todd Haim, Director, Office of Strategic Extramural Programs, National Institute on Aging; Courtney Baldridge, Corporate Strategist, USAging, and Richard Lui, Fintech Founder and News Anchor CNN/NBCU News Group.

Principal sponsors include Centre For Aging + Brain Health Innovation; Samsung Health, PainChek; CITRIS and the Banatao Institute, Solid Health.ai; GoGo Grandparent; KuboCare, PositScience; Social Discovery Group; Childfree Trust, TCARE; High Performing Grandparents, and Ouiltt.

Returning this year are opportunities to meet with fellow attendees during AgeTech One-on-Ones, sponsored by AgeTech Collaborative™ from AARP. Also returning are Boot Camp sessions—master classes on topics including A Beginner’s Guide to AI, How to Work with the AgeTech Collaborative from AARP, How to Use AI to Turbo Charge Your Business, How to Integrate Across Platforms, How to Use PR for Success, How to Work With NIA, How to Go to Market in Florida, How to Build Your Brand, and more.

More information and registration details are available at https://www.longevityventuresummit.com/

About Mary Furlong and Mary Furlong & Associates.

About AgeTech Collaborative™ from AARP.

MEDIA CONTACT:
Linda Jones
(415) 529-8551
[email protected]

SOURCE Mary Furlong & Associates

CHICAGO, June 2, 2026 — Kosmos, an operational intelligence company focused on ending escalation chaos, today announced its commercial launch alongside a $5 million seed round led by Norwest. The funding will accelerate product development and market education as Kosmos brings correlated root-cause intelligence to support and engineering teams across the enterprise.

The Hidden Cost of Every Incident
Despite widespread adoption of observability and ITSM tools, enterprise support and engineering teams still spend hours on “investigation costs” – the hours spent manually reconstructing what happened when a service issue occurs. Gartner’s research has found that downtime costs average $500,000 to $1 million per hour for Fortune 500 companies, with high-stakes sectors like finance and healthcare exceeding $5 million. Customer cases, code changes, and service incidents remain fragmented across myriad tools that do not share context. The result is slow mean time to resolution (MTTR), recurring incidents, and engineering teams pulled out of deep work to chase signals that should already be connected.

Kosmos Operational Intelligence platform is an AI-native solution built to reduce investigation costs by correlating signals across Jira, Salesforce, GitHub, ServiceNow, and observability platforms including Datadog, Grafana, and Splunk to surface structured root cause faster. Every correlation is proposed by machine, confirmed by humans, and learned by the system, creating a continuous intelligence loop that gets smarter with each incident. By linking customer cases, code changes, and service incidents in a single correlated view, Kosmos gives teams the evidence they need to resolve faster and stop the same incidents from repeating.

“Most escalations are not random. They are signals that were disconnected or missed,” said Sanjay Gidwani, Founder and CEO of Kosmos. “Kosmos correlates those signals automatically so teams can resolve faster, with evidence they can trust, instead of piecing together what happened manually across four different tools.”

A Problem the Founder Lived
Gidwani didn’t stumble upon this problem through research; he lived it, repeatedly, across two decades in enterprise delivery operations. At organization after organization, he watched the same scene play out: something breaks at a major customer, and leadership’s response is to tap their best people for a quick resolution. Senior engineers and support leaders — the employees hardest to replace and most expensive to deploy — are dispatched to manually stitch together what went wrong across a tangle of disconnected systems. Investigations can consume days, derailing product roadmaps, delaying customer initiatives and forcing teams into reactive mode. Because the root cause is often never fully understood, the same incident often surfaces again weeks later.

“It’s always the top players, the people you can least afford to pull away from everything else,” Gidwani said. “And yet they’re stuck chasing down information across disconnected systems because no one can clearly see what actually happened. That always struck me as a solvable problem.”

Kosmos is his answer — a platform that identifies and surfaces root cause with the unified context required to prevent outages rather than chase them.

What Customers and Partners Are Saying
“The slowest part of fixing anything in production is finding where the problem actually lives. The hunt eats hours, wears the team down, and never shows up on any report. Kosmos compresses that part, so our engineers spend more of their week building product,” said Jon Flaherty, CEO, PSIgnite.

“As an AI-native company, we’re always looking at what slows us down – and it usually isn’t the technology. The real drag is interruptions: pulling someone out of deep work to determine what happened across different platforms and stitch it together for engineering. That’s not just time lost; it’s momentum lost,” said Cesar Sanchez, Chief Operating Officer at Tribble. “What made Kosmos different is that they never asked us to reshape how we operate. They met us where we are, and that flexibility made it clear this is a team we can actually grow with.”

“Salesforce customers generate enormous amounts of data across cases, changes, and incidents — and the teams supporting them deserve tools that make sense of it in real time,” said Dan Darcy, Chief Customer Officer at Qualified from Salesforce. “Kosmos connects that data in a way that gives support and engineering teams the context they need to move faster and protect the customer experience. We’re excited to welcome them to the Salesforce partner ecosystem.”

Investor Perspective
Investors point to the company’s ability to deliver quick customer wins and the vast market opportunity as key drivers for their investments.

“Enterprise support teams have long been stuck navigating fragmented signals and recurring incidents,” said Scott Beechuk, partner at Norwest. “With decades of experience facing these challenges, Sanjay recognized early that modern AI could finally make sense of those signals in a practical, operational way. Kosmos has the potential to redefine how organizations detect and resolve these operational issues.”

Kosmos is available today and organizations can schedule an Investigation Cost Audit here. The company is also hosting a webinar, “The Investigation Cost: The Good, the Bad, and the Ugly,” on Wednesday, June 10, 2026 at 1 p.m. EDT.

About Kosmos
Kosmos provides operational intelligence for enterprise support and engineering teams. Its AI-native Operational Intelligence platform connects customer cases, code changes, and service incidents across GitHub, Jira, Salesforce, and ServiceNow into a single correlated view.  With Kosmos, organizations can eliminate investigation costs by surfacing the likely root cause in seconds, helping teams resolve incidents faster and prevent repeat disruptions. Headquartered in Chicago, Kosmos was founded by CEO Sanjay Gidwani, who brings two decades of experience in enterprise delivery operations and the Salesforce ecosystem. Learn more at kosmoslabs.ai.

About Norwest
Norwest is a global venture and growth equity investment firm managing more than $15.5 billion in capital. Since its inception, Norwest has invested in more than 700 companies and currently partners with more than 250 companies in its venture and growth equity portfolio. The firm invests in early- to late-stage businesses across key sectors with a focus on enterprise, healthcare, and consumer. The Norwest team offers a deep network of connections, extensive operating experience, and a wide range of impactful services to help CEOs and founders scale their businesses. Norwest has offices in Menlo Park and San Francisco, Calif.; Mumbai, India; and Tel Aviv, Israel. For more information, please visit www.norwest.com.

SOURCE Kosmos

Commitment from Galvanize supports continued and growing deployment of electric school buses and infrastructure nationwide

BEVERLY, Mass., June 2, 2026 — Highland Electric Fleets today announced the closing of a $75 million preferred equity commitment from Galvanize and affiliates (“Galvanize”), bringing total preferred equity commitments to $150 million. The capital raise was structured in stages to align with Highland’s deployment timelines and continued national expansion of electric school bus fleets and charging infrastructure, alongside the prior preferred equity commitment from Aiga Capital Partners (“Aiga”).

Highland’s Electrification-as-a-Service (EaaS) model simplifies the transition from diesel to electric fleets for municipalities, school districts, and fleet operators through its full-service and cost-effective offerings. Highland provides vehicles, charging infrastructure, software solutions, and ongoing operational support under long-term service agreements. These contracts align costs with traditional fuel options while creating stable, recurring revenue for the company. In addition, electrifying school buses reduces harmful tailpipe emissions, improving air quality, and delivering meaningful environmental and public health benefits for communities and children.

Highland will primarily use the capital to accelerate the deployment of electric school buses and charging infrastructure, expand operations in key markets, and broaden its capabilities across additional municipal fleet and energy applications. In addition to expanding the asset portfolio, the company will invest in advancing projects that integrate charging infrastructure with on-site energy resources for its customers. Highland will also manage transportation operations as the selected Official Electric School Bus Provider of the LA28 Olympic and Paralympic Games.

“This capital structure is designed to support long-term, asset-backed deployments at scale,” said Duncan McIntyre, CEO of Highland Electric Fleets. “From Florida to Michigan to California, we are seeing a clear shift toward solutions that can be deployed reliably across very different operating environments, from school districts to municipal and other fleet operators. Our focus is on execution: putting vehicles, infrastructure, and energy solutions into service in a way that works every day.”

“We believe Highland is well-positioned for growth with an experienced management team and a leading, differentiated platform backed by long-term contracts and a high-quality portfolio of electric school buses and energy infrastructure.” said Meghan Pasricha, a Partner at Galvanize’s Credit and Capital Solutions strategy. “We are excited to invest in Highland as they rapidly scale to modernize aging fleets and meet rising electrification demands.”

Pasricha’s team expects to deploy up to $1.8 billion within three years across sectors with growing demand and capital needs including power, manufacturing, energy efficiency, and resilience by providing flexible capital solutions.

Across its deployments, Highland’s electric school buses have traveled more than 10 million miles, demonstrating consistent performance and reinforcing the viability of large-scale fleet electrification.

About Highland Electric Fleets

Highland Electric Fleets is North America’s leading provider of Electrification-as-a-Service. Founded in 2019, Highland partners with school districts, municipalities, and fleet operators to make the transition to electric fleets simple and affordable. Highland proudly serves as the Official Electric School Bus Provider of the LA28 Olympic and Paralympic Games and Team USA. From pioneering vehicle-to-grid technology to managing some of the nation’s largest electric school bus fleets, Highland delivers reliable, cost-effective solutions that support local communities and drive the future of transportation. Learn more at www.highlandfleets.com.

About Galvanize

Galvanize is a global asset manager investing at the intersection of energy innovation, resilience, and intelligence. The firm deploys capital across seed, venture, growth, public equities, credit, and real estate, combining investment expertise with deep in-house capabilities in technology, policy, and markets. Galvanize is structured to rapidly identify and execute on investment opportunities created by the energy transition, across all sectors of the economy.

Media Contacts

Chris Orlando
Highland Electric Fleets
[email protected]

SOURCE Highland Electric Fleets

The collaboration pairs Fleetzero’s marine power and autonomy stack with Thoma-Sea’s shipbuilding scale and Glosten’s vessel design and marine engineering expertise, advancing autonomous vessel solutions for commercial and defense missions.

HOUSTON, June 2, 2026 — Fleetzero, a U.S.-based developer of marine technology, today announced a collaboration with Thoma-Sea Marine Constructors, a leading U.S. shipbuilder, and Glosten, a Seattle-based global naval architecture and marine engineering firm, to accelerate the development and deployment of integrated autonomous vessel solutions for commercial maritime, government, and defense customers.

The partnership brings together Fleetzero’s Leviathan™ Battery Energy Storage System, propulsion technologies, and autonomy stack, with Thoma-Sea’s domestic shipbuilding capacity and Glosten’s vessel design expertise. The three companies are developing a tightly integrated autonomous diesel-electric vessel engineered for use in contested waters, persistent operations, and supply delivery with minimal radar cross-section. Its angular design draws inspiration from low-profile and stealth vessels in military use today, and elevates the propulsion technology for long-range, low-signature missions.

The combined capability has been refined through demonstrations and engineering work with organizations across the maritime sector, and is engineered to address requirements outlined in areas of interest for the Defense Innovation Unit (DIU) and other Department of War stakeholders. The integrated platform showcases how electrified propulsion paired with autonomous vessel control enhances operational effectiveness across contested littoral and blue-water environments, while delivering the supply chain resilience that commercial and government customers require.

The collaboration aligns with Department of War, MARAD, and Coast Guard priorities, including the Modular Open Systems Approach (MOSA). The combined platform addresses a wide range of operational needs, including:

• Autonomous and remotely operated cargo operations
• Persistent ISR, patrol, and contested logistics missions
• Electrified harbor craft, tugs, and coastal vessels
• Improved operator safety
• Domestic-content, Jones Act, and Buy American compliance

ELECTRIFYING AND AUTOMATING THE MARITIME FLEET

As the U.S. Department of War, MARAD, and allied maritime forces accelerate adoption of autonomous and remotely crewed surface vessels, the ability to deliver electrified, autonomy-ready hulls from domestic shipyards is becoming a national priority. The Fleetzero, Thoma-Sea, and Glosten collaboration directly supports this objective by combining ultra-dense marine energy storage, vessel-level autonomy, and U.S. shipbuilding into a single low-signature platform.

“Moving cargo through contested waters is more imperative today than ever before. Fleetzero is building and demonstrating that capability today,” said Steven Henderson, CEO of Fleetzero. “By partnering with Thoma-Sea and Glosten, we are pairing our Leviathan™ Energy Storage Systems and Fleetzero’s autonomy stack with two of the most capable shipbuilding and design organizations in the country. This is how we can deliver MOSA-compliant, autonomous vessels at scale.”

Fleetzero’s autonomy strategy began with improving the propulsion system, a key enabler for eliminating maintenance required while in autonomous mode. Fleetzero’s diesel-electric propulsion with the Leviathan™ Battery System unlocks long-duration autonomy missions. Fleetzero’s Leviathan™ Battery Systems provide minimal noise and heat signature, engineer out unnecessary parts, and typically deliver double the energy density compared to other maritime battery systems. This reduces the total bill of materials to manufacture at scale, and dramatically cuts operating expenses over the vessel’s lifespan while enhancing reliability and survivability in contested waters.

EXTENDING MISSION REACH THROUGH AMERICAN SHIPBUILDING

Thoma-Sea Marine Constructors, founded in 1989 and based in Houma, Louisiana, operates new construction yards in coastal Louisiana. Thoma-Sea was selected by the U.S. Navy’s Naval Sea Systems Command to design and build the NOAA Oceanographer-class research vessels under a $178 million contract, and has delivered Navy-administered Foreign Military Sales vessels for allied customers. By integrating Fleetzero’s power and autonomy systems into Thoma-Sea built hulls, the collaboration delivers a domestically built, autonomy-ready vessel that meets Jones Act and U.S.-content requirements for federal customers.

“Our yards have been building ships for American operators for decades,” said Walter Thomassie, Managing Director of Thoma-Sea. “Partnering with Fleetzero and Glosten allows us to deliver the next generation of autonomous vessels with stealth capabilities ready for the missions our customers face today.”

Glosten brings more than six decades of naval architecture and marine engineering experience, with a portfolio spanning research vessels, commercial cargo ships, and government platforms. As the lead naval architect for the system, Glosten integrates Fleetzero’s propulsion and autonomy technologies with Thoma-Sea built hulls, engineering the platform’s defining capabilities: low radar cross-section, silent transit, beach approach angles, and autonomous self-withdrawals.

“Bringing autonomy and electrification together at the vessel-design level is where this collaboration creates real value,” said Morgan Fanberg, CEO of Glosten. “Working with Fleetzero and Thoma-Sea, we are designing vessels that are autonomy-native from the keel up, not retrofitted as an afterthought. The design is both functional and low-signature, built for decades of deliveries in the years ahead.”

BACKED BY MOMENTUM AND INVESTMENT

This announcement follows a period of significant momentum for Fleetzero, which closed a $43 million Series A funding round in 2025. Fleetzero has been backed by both technology and shipping titans such as 8090 Industries, Y Combinator, Founders Fund, Obvious Ventures, Maersk Growth, and MOL Plus. The investment supports continued growth, advanced research and development at Fleetzero’s Houston headquarters, as well as expanded partnerships such as the collaboration with Thoma-Sea and Glosten to bring next-generation electric autonomous vessel capabilities to market faster.

Fleetzero, Thoma-Sea, and Glosten are positioned to help shape the next era of maritime operations, where electrified power, autonomous control, and American shipbuilding operate as a unified industrial base.

About Fleetzero

Fleetzero is a Houston-based marine technology company building battery systems, electric propulsion, and autonomous vessel capabilities for commercial and defense customers. Fleetzero’s Leviathan™ Battery Energy Storage System, Marine Battery Container, and Kraken DC-hub deliver high-density energy storage for the marine environment. Learn more at www.fleetzero.com

About Thoma-Sea Marine Constructors

Thoma-Sea Marine Constructors (TMC) is a family-owned, Louisiana-based shipbuilder with three locations and over 36 years of experience designing and constructing marine vessels. TMC is recognized as an industry leader with a proven track record of delivering high-quality, complex vessels on schedule and on budget. The company serves commercial clients across transportation, energy, research, and fishing sectors, and provides new construction, conversion, and repair services to federal customers including the U.S. Navy, NOAA, NASA, USACE, USCG, and Military Sealift Command, as well as state and regional authorities. Explore more at www.thoma-sea.com

About Glosten

Glosten is a full-service consulting firm of naval architects and marine, electrical, production, and ocean engineers. The firm’s design experience includes research vessels, tugs, barges, passenger and car ferries, and other special-purpose vessels. Founded in 1958, the firm is recognized throughout the marine industry for integrating cutting-edge technologies and advanced analysis with practical, experience-based design. For more information, please visit www.glosten.com

Contact
Matt Mallino
[email protected]

SOURCE Fleetzero

New capital and leadership accelerate Subtle Medical’s mission to set a new standard for speed, quality, and patient experience in medical imaging

MENLO PARK, Calif., June 2, 2026 — Subtle Medical, a leading provider of AI-powered medical imaging software, today announced it has secured $33 million in growth capital, anchored by a Series C financing led by funds managed by Morgan Stanley Expansion Capital, and appointed medical imaging executive, Ohad Arazi, as Chief Executive Officer.

The financing included participation from Korea-based Shinhan Venture Investment and existing investors, Fusion Fund, EnvisionX, BRV, and Samsung Ventures, bringing the company’s total capital raised to $86 million. Subtle Medical will use the new capital to accelerate product development, expand commercial adoption globally, and scale its vendor-neutral AI imaging platform across MRI, PET, and CT workflows.

Medical imaging remains a bottleneck across health systems: exams can be lengthy, uncomfortable, and difficult to tolerate, particularly for pediatric, elderly, and critically ill patients. Longer scan times can reduce image quality, delay diagnosis, and limit scanner capacity. Subtle Medical addresses these challenges with AI software that improves image quality and accelerates scans on existing imaging systems, helping providers increase throughput without purchasing new hardware.

Founded by Enhao Gong, PhD, and Greg Zaharchuk, MD, PhD, Professor of Neuroradiology at Stanford University, Subtle Medical helped pioneer the category of AI-powered image enhancement in radiology. The company’s solutions support up to an 80% reduction in scan time and are deployed on more than 1,300 scanners across hospitals and imaging centers globally.

As part of its next phase of growth, the company has appointed industry veteran, Ohad Arazi, as CEO to accelerate global enterprise expansion. Arazi brings decades of experience in medical imaging AI, with CEO and leadership roles at Change Healthcare, Zebra Medical Vision, and most recently, Clarius Mobile Health. Enhao Gong, PhD, co-founder and former CEO of Subtle Medical, has transitioned to Chief Science Officer, where he will lead the company’s scientific roadmap and continue supporting operations and strategic partnerships in China.

“What drew me to Subtle is that this isn’t a point solution – it’s becoming the AI layer where health systems run their imaging,” said Ohad Arazi, Chief Executive Officer of Subtle Medical. “That’s a fundamentally different kind of company, and a bigger opportunity. I’ve spent my career at the intersection of imaging and enterprise software, and I haven’t seen many platforms with this combination of clinical validation and scalability. I’m here to make sure the world knows about it.”

“Subtle Medical solves a real operational problem for health systems: imaging backlogs that delay care and constrain capacity,” said Kevin Han, Executive Director at Morgan Stanley Expansion Capital. “We are excited to support Subtle Medical’s next phase of growth to help enhance the patient experience in medical imaging.”

Subtle’s flagship products, SubtleHD™(MR) and SubtlePET™, are deployed across major imaging networks, academic medical centers, and leading health systems worldwide. Customers including Mount Sinai, RadNet, and Radiology Partners have reported measurable gains in throughput, efficiency, and patient experience, establishing Subtle as an essential AI infrastructure layer for modern radiology.

At the center of this strategy is Subtle’s AI Imaging Hub, a unified platform that gives health systems a single point of control for imaging performance across scanners, regardless of manufacturer. Rather than managing AI tools scanner by scanner or modality by modality, providers can enhance image quality, standardize outputs, and streamline workflows across their entire infrastructure in real time. Unlike OEM-native AI, which is tied to specific equipment, or fragmented point solutions that address one modality at a time, the Hub operates across MRI, PET, and CT environments simultaneously, making it easier for health systems to scale AI adoption without adding complexity.

Subtle is also advancing AI-enabled contrast-enhanced imaging through the development of SubtleGAD™, a technology designed to enable significantly lower-dose gadolinium-enhanced MRI. Research has demonstrated the potential for up to a 90% reduction in gadolinium contrast dose while preserving diagnostic image quality, supporting the company’s vision for safer, more patient-centered imaging.

“Subtle Medical was founded to make advanced imaging faster, safer, and more accessible,” said Enhao Gong, PhD, co-founder and Chief Science Officer. “As we enter this next phase, I’m excited to welcome Ohad and continue advancing the science behind our platform while expanding its impact across global imaging workflows.”

About Subtle Medical, Inc.

Subtle Medical is a leading provider of AI-powered imaging solutions, optimizing scan efficiency and image quality across radiology. Recognized by TIME as a World’s Top Healthcare Company (2025), an Nvidia Inception Award winner, and multiple times as a CB Insights GenAI 50, Digital Health 150, and Top AI 100 company, Subtle Medical is committed to transforming medical imaging through responsible and intelligent software. The company’s solutions are deployed on over 1,300 scanners worldwide, helping imaging centers and hospitals deliver faster scans, improve image quality, and enhance patient care without the need for new hardware. Learn more at www.subtlemedical.com.

About Morgan Stanley Expansion Capital

Morgan Stanley Expansion Capital is the growth-focused private investment platform within Morgan Stanley Investment Management. Morgan Stanley Expansion Capital targets late-stage growth equity and credit investments within healthcare, technology, consumer and other high-growth sectors. For nearly four decades, Morgan Stanley Expansion Capital has successfully pursued growth investment opportunities and has completed investments in over 220 companies, leveraging the global brand and network of Morgan Stanley.

Media Contact:
Anna Menyhart-Borroni
Head of Global Marketing
[email protected]

SOURCE Subtle Medical, Inc.

GREENWICH, Conn., June 2, 2026 — Wingman Growth Partners (“Wingman”), an investment firm focused on software, data, and financial technology businesses, announced the closing of Wingman Growth Partners Fund I (“Wingman I” or the “Fund”). Wingman I was oversubscribed at its $215 million hard cap, exceeded its $150 million target by more than 40%, and closed in less than one year. The Fund received strong support from a diverse group of individual and institutional investors, including endowments, family offices, foundations, and funds of funds from North America and around the world.

Wingman’s mandate is intentionally narrow: a concentrated portfolio of six to eight platform investments, deep sector specialization in vertical and mission-critical software, and a hands-on operating model designed to drive measurable value creation across go-to-market efficiency, product, pricing, talent, and M&A. Wingman partners with founder-led, growth-stage technology companies with proprietary intellectual property and domain expertise that are well-positioned to harness AI to drive value for their customers.

“We are deeply grateful for the support of our investors. The demand for our inaugural fund, particularly in the current economic environment, reflects conviction in both our strategy and our team,” said Jeff Machlin, Wingman Founder and Managing Partner. “We believe strongly that mission-critical software is not only durable in the age of AI but attractively positioned to harness it to unlock additional value for customers.”

Wingman’s team has over 50 years of combined experience investing in and advising software companies through major growth transformations. The team includes seasoned investment professionals, operators, and advisors with experience at blue-chip private equity firms and category-defining software companies.

In January, the firm announced its investment in InterProse, a leading provider of cloud-native software for the accounts receivable management industry, followed by the acquisition of Beam Software, uniting two purpose-built technology collections platforms to create a well-positioned industry leader.

Kirkland & Ellis LLP served as legal advisor for Wingman I. Strathmore Group served as placement agent.

About Wingman Growth Partners

Wingman is a private investment firm focused on software, data, and financial technology businesses. The firm partners with founder-led, growth-stage companies with deep intellectual property and domain expertise, providing capital, strategic support, and operational expertise to help them scale and win in their markets. Learn more at www.wingmangrowth.com.

SOURCE Wingman Growth Partners

LAGUNA BEACH, Calif., June 2, 2026 — Tavo Biotherapeutics today announced the successful closing of a $17 million Series A financing led by Pureos Bioventures with participation by Polaris Partners and continued support from existing investor Tau Capital. The proceeds will be used to advance Tavo’s pipeline of innovative therapies targeting glaucoma and retinal disease.

In conjunction with the financing, Tavo Biotherapeutics also announced the appointment of Federico Grossi, M.D., Ph.D., as Chief Medical Officer, to lead the company’s clinical development strategy and execution. Previously, Dr. Grossi was Chief Medical Officer of Apellis Pharmaceuticals, where he led clinical development for two groundbreaking FDA-approved therapies: Syfovre for geographic atrophy and Empaveli for paroxysmal nocturnal hemoglobinuria (PNH).

In addition, Tavo announced that Daniel Bradbury has joined the Board of Directors as Chairman. Mr. Bradbury is a life sciences executive with over 40 years of experience creating and implementing strategies to bring novel medicines to market. Mr. Bradbury is the former Chief Executive Officer of Amylin Pharmaceuticals, a biopharmaceutical company that launched three first-in-class medicines focused on metabolic diseases before its acquisition by Bristol-Myers Squibb Company in 2012.

In conjunction with the financing, Dominik Escher, Ph.D. and Nil Gural, Ph.D., have joined Tavo’s Board of Directors representing Pureos Bioventures and Polaris Partners, respectively, bringing deep expertise in company building, financing, and the development of innovative therapeutics.

“We are thrilled to partner with Pureos and Polaris, and we are grateful for the continued support of Tau Capital,” said Gary Berman, Chief Executive Officer of Tavo Biotherapeutics. “This financing enables us to accelerate the advancement of our programs in glaucoma and retinal disease, where there remains a critical need for new, more effective treatment options. We are also excited to welcome Fede to the team. His deep clinical and development experience will be invaluable as we advance our pipeline.”

“Tavo has built a compelling pipeline addressing major unmet needs in ophthalmology with differentiated science and a clear clinical development strategy,” said Dominik Escher. “We believe these programs have the potential to bring much better treatment options to patients. We are excited to lead this financing and support Tavo through its next phase of growth.”

The new capital will support ongoing clinical and preclinical development activities for TAV-001 and TAV-002, as well as expand Tavo’s research capabilities as the company progresses toward key clinical milestones.

About Tavo Biotherapeutics
Tavo Biotherapeutics is focused on developing novel therapeutics aimed at addressing significant unmet medical needs in ophthalmology, with a particular emphasis on preserving vision and improving long-term outcomes for patients with glaucoma and retinal disease.

TAV-001 is being studied as a potential disease-modifying topical therapy for the treatment of glaucoma. TAV-001 utilizes a dual mode of action that targets the autonomic nervous system, which drives the mechanisms that cause inflammation and degeneration in glaucoma. The program is moving into a Phase 2 clinical trial in the second half of 2026.

TAV-002 is a bispecific antibody that targets both VEGF and a protein involved in upstream signaling in serious retinal diseases, including both wet and dry forms of age-related macular degeneration as well as diabetes-related retinopathies.

Media Contact:
Graham Cooper
[email protected]

SOURCE Tavo Biotherapeutics

With more than $1B in secured business, the funding accelerates inventory build-out to meet the rising demand for open, multi-vendor, and Heterogeneous AI infrastructure

RA’ANANA, Israel, June 1, 2026 — DriveNets, a leader in large-scale networking solutions, today announced it has completed a $410 million Series D financing round, reaching $1 billion total capital raised. With more than $1B in secured business and having been cash-flow positive since 2025, the company will use the additional funding to scale inventory to support its growing AI fabric pipeline and expand its Heterogeneous AI infrastructure solutions. The funding round was led by Bessemer Venture Partners and Atreides Management. New investors, AMD and Red Dot Capital, joined alongside existing investors Pitango and D1 Capital Partners.

Since the company’s founding ten years ago, DriveNets’ Network Cloud has become the network of record for the world’s largest telecommunications companies. Built on the same engineering foundation, DriveNets’ Ethernet-based AI fabric supports large-scale AI infrastructures built by foundation labs, hyperscalers, NeoClouds, and large enterprises. The company is now working with leading AI vendors such as AMD, Broadcom, and others to tighten the integration between networking and compute in multi-vendor AI environments, maximizing cluster performance and GPU utilization to substantially improve token economics. It is also partnering with Dell, Supermicro, and other systems partners on go-to-market activities.

“This financing round marks a pivotal step in scaling our company to meet the surging demand for large-scale AI infrastructure,” said Ido Susan, CEO and Co-Founder of DriveNets. “The most expensive idle asset in the world right now is a GPU waiting on the network. We’re applying a decade of high-performance networking expertise to enable our customers to achieve higher utilization, reduce cost per workload, and scale their AI operations efficiently — on any AI accelerator they choose.”

“AI infrastructure is entering a new era of open, integrated systems where compute, networking, and software scale together,” said Vamsi Boppana, senior vice president of AI at AMD. “Our support of DriveNets’ Series D reflects a shared commitment to scaling AI workloads efficiently with AMD Instinct accelerators and DriveNets’ high-performance fabric on open infrastructure, advancing open, standards-based AI data centers.”

Addressing the most expensive idle asset problem – a GPU waiting on the network

DriveNets’ AI fabric solutions are based on standard Ethernet and support scale-up, scale-out, and scale-across architectures, along with front-end and storage connectivity for large-scale AI clusters.  They address two fundamental constraints in AI infrastructures today: large GPU clusters operating below peak efficiency due to network bottlenecks and reliability challenges, and slow cluster bring-up time (‘idle Capex’), especially in multi-vendor environments.

DriveNets’ high-performance AI Fabric eliminates networking bottlenecks by performing end-to-end networking optimizations across the entire AI stack, including collective communication libraries, transport protocols, NICs, the network fabric, and system-level orchestration. Some of these optimizations are developed in collaboration with leading AI accelerator vendors, such as the recently published validated reference architecture for AMD-DriveNets-based clusters that maximizes GPU utilization, reduces cost-per-token, and enables rapid deployment and efficient end-to-end scaling.

“As AI systems reach unprecedented scale, the performance of the underlying network fabric has become a primary driver of AI economics,” said Charlie Kawwas, President, Semiconductor Solutions Group, Broadcom. “Broadcom’s AI semiconductor and Ethernet switching solutions, combined with DriveNets’ high-performance fabric, deliver the scale and efficiency that modern AI workloads demand. This collaboration reflects how open Ethernet is becoming the foundation of the next-generation AI data center.”

“AI networking is on track to surpass $200 billion by the end of the decade, driven by the shift from single-vendor stacks to multi-vendor and later heterogeneous AI infrastructures. DriveNets enters this phase with a strong combination — tier-one service provider reliability, validated AMD reference design, and the inventory position to deliver into a supply-constrained market. That positions the company well as open Ethernet becomes the foundation of next-generation AI infrastructure,” said Alan Weckel, Founder and Technology Analyst, 650 Group.

DriveNets – a foundational player in Heterogeneous AI

The recent AI infrastructure spending shift from training to inference is expected to drive the adoption of Heterogeneous AI architectures that bring infrastructure costs down and optimize power utilization.

Heterogeneous AI architecture uses multiple AI accelerators from multiple vendors within the same cluster, each best for a different stage or task within the AI training or inference process. The compute resources in the cluster are orchestrated to provide the best overall performance and power utilization, to reduce cost per million tokens and maximize tokens per watt.

DriveNets’ AI fabric is uniquely positioned to support Heterogeneous multi-vendor AI environments due to its ability to perform full-stack optimization for any AI accelerator in the cluster, maximizing the performance and utilization of the entire cluster.

“Every shift in compute produces a new networking giant. Cisco wired the internet. Arista wired the cloud. NVIDIA wired single-vendor AI. DriveNets is wiring what comes next: Heterogeneous AI,” said Adam Fisher, Partner, Bessemer Venture Partners. “This is why BVP led DriveNets’ $410M Series D, an existing portfolio company we’ve backed since its Series A.”

About DriveNets

DriveNets is a leader in large-scale networking solutions for AI infrastructure and service providers. The company’s disaggregated networking architecture transforms the economics of large-scale infrastructures while maximizing performance, utilization, and operational efficiency. Its high-performance AI fabric maximizes GPU utilization and accelerates deployments by optimizing the AI stack end-to-end, resulting in higher tokens-per-second and lower cost-per-token. DriveNets’ solutions power production networks for global tier-1 operators like AT&T and Comcast, and scale multi-vendor AI infrastructures at foundation model labs, NeoClouds, and enterprises. Learn more at https://www.drivenets.com

Logo – https://mma.prnewswire.com/media/1657406/5997029/DriveNets_Logo.jpg