SUNNYVALE, Calif., Nov. 20, 2025 — Plug and Play, the world’s largest innovation platform and early-stage venture capital firm, today announced its official expansion into New York City through two initiatives led by New York City Economic Development Corporation (NYCEDC): the NYC AI Nexus and the International Landing Pad Network (ILPN).

The announcement was made on stage during the Plug and Play Enterprise & AI Expo at the Silicon Valley Summit, where industry leaders, startups, and investors gathered to discuss how artificial intelligence and digital transformation are reshaping business. Together, these initiatives mark Plug and Play’s first location in New York City and reinforce its commitment to connecting innovators, corporations, and governments to solve global challenges through technology.

“Plug and Play is expanding into New York City’s unparalleled innovation ecosystem in a major way, as a selected operator for both our NYC AI Nexus and International Landing Pad Network initiatives,” said New York City Economic Development Corporation (NYCEDC) President & CEO Andrew Kimball. “The firm’s established expertise building technology ecosystems all over the world will strengthen NYCEDC’s efforts to support early-stage and global companies, fostering dynamic innovation, job creation, and economic growth right here in the five boroughs.”

Through the NYC AI Nexus, Plug and Play will focus on helping small and medium-sized enterprises adopt and implement AI solutions that improve efficiency and business outcomes. The program will target industries including food and beverage, media and advertising, travel and hospitality, and professional services. Over the next three years, Plug and Play and co-operator C10 Labs will collectively support up to 165 AI startups, facilitate 96 pilots between startups and industry partners, and host 90 ecosystem events citywide.

“New York City represents one of the most dynamic and diverse innovation ecosystems in the world,” said Michael Olmstead, Chief Revenue Officer and Partner at Plug and Play. “Through our collaboration with NYCEDC, we’re excited to help founders—from early-stage AI innovators to global deep tech leaders—scale their solutions, pilot new technologies, and connect with corporate partners that can accelerate real-world impact.”

As part of the International Landing Pad Network, Plug and Play will also lead a program in partnership with Cornell Tech to attract growth-stage international companies to New York City. The initiative aims to bring over 50 international startups to the city within 12 months, offering coworking space, mentorship, and access to Plug and Play’s global network of investors and corporate partners. The program will focus on startups operating in medtech, health, sustainability, and deep tech sectors as they scale into the U.S. market.

“The International Landing Pad Network gives international startups a soft landing into one of the world’s most influential innovation hubs,” said Sherif Saadawi, VP of Growth Strategy, Plug and Play. “With the support of NYCEDC and Cornell Tech, Plug and Play will help global innovators navigate the U.S. startup landscape, connect with corporate partners, and unlock the opportunities that only New York can offer.”

Plug and Play’s new operations in New York City will serve as a hub for innovation, connecting startups, corporations, investors, and academic institutions to build solutions that strengthen industries and create new jobs.

To learn more about Plug and Play New York, visit: https://www.plugandplaytechcenter.com/locations/new-york-city.

About Plug and Play

Plug and Play is the leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we’re present in 60+ locations across 25+ industries. We offer corporate innovation programs, helping our partners in every stage of their innovation journey, from education to execution. We also run startup acceleration programs and have built an in-house VC where we’ve invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For more information, visit https://www.plugandplaytechcenter.com.

Media Contact
Jacky Tsang
Senior Communications & PR Associate
[email protected]

SOURCE Plug and Play

Built by decorated veterans and elite operators, Twenty emerges from stealth to deliver intelligent, full-lifecycle cyber warfare systems to accelerate the speed and scale of U.S. and allied cyber operations.

ARLINGTON, Va., Nov. 20, 2025 — Twenty, the company leading the industrial-scale transformation of cyber warfare technologies, today announced that it has raised $38 million in total funding. The Series A round was led by Caffeinated Capital, with participation from General Catalyst and In-Q-Tel.

Founded in 2024, Twenty has operated in stealth while partnering with the U.S. military and Intelligence Community to build and deploy intelligent, agentic, end-to-end systems that accelerate the entire offensive cyber operations lifecycle. By applying world-class software engineering to a warfighting domain historically lacking commercial innovation, Twenty delivers military and intelligence cyber capabilities to deter and defeat determined adversaries.

The funding comes amid intensifying warnings about violations of U.S. digital borders and the need to conduct offensive cyber operations to hold adversaries accountable and protect Americans at home. Experts have noted that America’s investments in offensive cyber capabilities are falling behind rapid advancements by its adversaries, particularly the People’s Republic of China (PRC).

Members of Congress and Administration officials have been alarmed by repeated PRC intrusions into U.S. critical infrastructure and telecommunications networks. John Ratcliffe, Director of the CIA, called for the urgent modernization of offensive cyber capabilities so that the U.S. has “all the tools necessary to go on offense against our adversaries.” The need is especially pressing after revelations last week that PRC state-sponsored hackers used Anthropic’s AI to conduct a highly-automated hacking campaign targeting major corporations and foreign governments.

Twenty’s Co-founder and CEO, Joe Lin, first recognized critical gaps in offensive cyber operations while leading Public Sector at Expanse. There, he saw how U.S. cyber analysts and operators often relied on manual processes and disjointed tools to execute missions of national consequence — approaches unsuited for the speed and scale of cyber conflict.

“We are in an existential competition with the PRC, a highly determined adversary that seeks to remake the global order in its image. Cyberspace is the front line of our competition against China,” said Joe Lin, Co-founder and CEO of Twenty. “To counter the PRC, we must equip our analysts and operators with intelligent and autonomous capabilities needed to conduct cyber operations at industrial scale. We can no longer rely upon bespoke methods to generate mission outcomes in a domain that underpins every element of modern life and warfare.”

Timothy Junio, co-founder and CEO of Expanse (acquired by Palo Alto Networks for $1.25B in 2020) who led Twenty’s Seed round, remarked:

“This is the strongest team I’ve ever seen building cyber capabilities for critical national security missions. Joe and Twenty’s co-founders have assembled an extraordinary group of world-class technologists, former operators from military and three-letter agencies, and business leaders who’ve landed over $100M in government contracts. I can think of no better company to build and deploy transformative capabilities for the U.S. government, military, and Intelligence Community.”

Raymond Tonsing, Managing Partner of Caffeinated Capital, emphasized the urgency of the mission:

“As our adversaries grow more sophisticated, the United States must close critical gaps in its cyber operations. Twenty is a once-in-a-generation investment opportunity to help improve our national security. We are thrilled to partner with Joe and the Twenty team.”

About Twenty
Twenty builds and deploys intelligent and autonomous end-to-end systems that accelerate the entire offensive cyber operations lifecycle. Founded in 2024 by decorated veterans and elite operators, the company partners with the U.S. military and Intelligence Community to deliver mission-ready capabilities designed to counter determined adversaries and secure the foundations of modern life.

SOURCE Twenty

DAVIS, Calif., Nov. 20, 2025 — BioFiltro, Inc., a regenerative and nature-based wastewater treatment company serving the dairy, food processing, sanitary, industrial, and municipal sectors, announced today it has secured a $35 million strategic investment from Jordanelle Capital, a Utah-based private equity firm.

With Jordanelle’s support, BioFiltro will accelerate growth within the dairy industry while expanding its reach across multiple other industries seeking natural, cost-effective alternatives to conventional treatment systems.

“This partnership allows us to build on our strong foundation within the dairy sector and bring our proven vermifiltration technology to even more producers,” said Steve Rowe, Executive Chairman of BioFiltro. “I’ve seen firsthand the difference BioFiltro can make for dairy operations, and I’m excited about the growth ahead as we continue to make sustainability both practical and profitable.”

“Our mission has always been to harness the power of nature to recover resources and protect water,” said Matías Sjögren, CEO and Co-Founder of BioFiltro. “With Jordanelle’s investment, we can scale that mission to reach more farms and industries committed to regenerative solutions and responsible water stewardship.”

“BioFiltro represents the type of company we’re proud to partner with: one that utilizes a unique and robust asset base to generate meaningful value for its customers through long-term relationships,” said Matthew Day, Managing Partner at Jordanelle Capital. “BioFiltro’s innovative, nature-based approach to wastewater treatment delivers measurable benefits for dairy producers, industrial customers, and the environment. We’re excited to support its continued growth across agriculture and beyond.”

BioFiltro’s patented BIDA^® System removes up to 98% of contaminants found in agricultural, industrial and sanitary wastewater through a natural biological process. It delivers significant reductions in energy use, greenhouse gas emissions, sludge production, and operating costs when compared to traditional wastewater technologies. Headquartered in Davis, California, BioFiltro serves clients across North America, South America and Europe, with a rapidly expanding footprint in the U.S. dairy sector.

About BioFiltro

BioFiltro is a global leader in regenerative wastewater treatment solutions, providing natural, low-energy systems that convert waste into worth. Through its patented BIDA^® vermifiltration technology, BioFiltro treats wastewater for the dairy, food and beverage, municipal, wine, sanitary, and industrial sectors. BioFiltro transforms wastewater into clean water and nutrient-rich soil amendments, enabling clients to reduce costs, lower emissions, and meet sustainability goals. Learn more at www.biofiltro.com.

About Jordanelle Capital

Jordanelle Capital is a Utah-based private equity firm investing in asset-backed industrial companies, with a particular focus on water and wastewater, midstream agriculture, and the circular economy. Jordanelle looks to partner with management teams to accelerate growth, expand market presence, and build durable long-term value. Learn more at www.jordanelle.com.

SOURCE BioFiltro, Inc.

Funding accelerates Point One’s mission to deliver centimeter-level precision to every connected vehicle, robot, and device.

SAN FRANCISCO, Nov. 20, 2025 — Point One Navigation, a leader in high-precision location technology, today announced a $35 million Series C oversubscribed funding round led by Khosla Ventures, with participation from existing investors including IA Ventures, UP Partners and Alumni Ventures. The capital will support further infrastructure expansion, software innovation, and OEM integration, alongside team growth in R&D, engineering, customer success, and international operations.

From self-driving cars and trucks, to delivery robots and precision agriculture, the rise of Physical AI—machines that understand and interact with the real world—depends on reliable, high-accuracy location. Historically, that precision required complex system integration, specialized expertise, and heavy custom development. Point One Navigation was founded to change that: to make precise location simple, reliable, and globally accessible for any developer.

“For years, enabling Physical AI through precision location has been a powerful concept but painfully complex to implement in the real world,” said Aaron Nathan, CEO and co-founder of Point One Navigation. “By combining dense, centralized infrastructure, intelligent software, and a developer-first API, we’re giving every OEM the spatial awareness to bring their platforms to life. This funding accelerates our mission to make precise location as universal as GPS itself.”

The Platform Behind Precise Location

Point One Navigation is the first to deliver centimeter-level location services in a singular platform by combining three core technologies:

• The Polaris RTK Network: the world’s most densely deployed and professionally managed infrastructure providing high-quality GNSS corrections data
• The Location Cloud: unifies corrections, telemetry, and device management through a single GraphQL API
• The Positioning Engine: software that fuses satellite, sensor, and motion data in real time to determine a device’s exact position with centimeter-level accuracy

Together, this seamless platform — from satellite to software — enables precise location for Physical AI in minutes, not months.

Delivering on the Vision

Since its last funding round, Point One Navigation has:

• Announced a strategic partnership with Totem and Orange S.A., extending precise-location services across Europe using Totem’s tower infrastructure and Orange’s IoT platform.
• Signed multi-year, exclusive agreements with leading automotive, robotics, and equipment manufacturers, accelerating adoption across key markets reaching hundreds of thousands of devices.
• Expanded Polaris RTK Network coverage across North America, Europe, and Asia, achieving unprecedented reliability and density.
• Launched the Location Cloud API, giving developers a single endpoint for corrections, telemetry, and lifecycle management.
• Embedded its Positioning Engine with OEM and module partners to enable seamless indoor/outdoor transitions and human-motion modeling for wearables, safety, and first-responder use cases.

These achievements underscore Point One’s accelerating momentum and broad market traction—the number of OEM’s leveraging Point One for Physical AI has increased 10x in the last year.

“Physical AI requires knowing exactly where you are down to the centimeter,” said Kanu Gulati, Partner at Khosla Ventures and Board Member. “Point One makes this level of accuracy accessible to any developer, from powering autonomous vehicles and drones to warehouse robots and emergency response. We’re excited to continue backing the team as they become the default location layer for the next generation of AI in the physical world.”

About Point One Navigation

Point One Navigation delivers the world’s most precise, reliable, and scalable location platform. Its Unified Location Platform — combining the Polaris RTK Network, Location Cloud, and Positioning Engine — provides centimeter-level accuracy for vehicles, robots, wearables, and connected devices within its expanding global coverage areas. Point One Navigation is headquartered in San Francisco, California.

Visit pointonenav.com to learn more.

About Khosla Ventures

Khosla Ventures  is a venture capital firm focused on investments in artificial intelligence, financial services, healthcare, consumer, enterprise, and sustainability sectors. It is known for making early capital investments in startups such as OpenAI, Instacart, Affirm, DoorDash, and Block.

Media Contact:
[email protected]
Point One Navigation

SOURCE Point One Navigation

Capital Bridge Group is a growth-stage investment and advisory firm founded by Michael Ronen, who recently was with Fortress Investment Group, and previously a former Partner and COO of Global Technology, Media and Telecom (TMT) banking at Goldman Sachs and subsequently a Managing Partner at SoftBank’s Vision Fund.

Wais Jalali, Founder, Chairman and CEO of XNRGY, commented: “We are thrilled to partner with Capital Bridge Group as we rapidly scale to meet customer demands for reliable and energy-efficient data center cooling solutions. The firm’s expertise aligns perfectly with our vision for being the leader of the AI data center cooling market.”

Michael Ronen, Managing Partner of Capital Bridge Group, commented: “Our investment in XNRGY is a defining moment for Capital Bridge Group – our inaugural investment. We are very pleased to be working with Prologis, the global leader in logistics and data infrastructure real estate, as a partner to Capital Bridge and strategic investor in this round. As demand for AI-driven data centers accelerates globally, XNRGY’s advanced cooling and energy-efficient systems are uniquely positioned to become mission-critical infrastructure.”

“Meeting the world’s growing energy needs requires new approaches to efficiency,” said William O’Donnell, global head of Corporate Development and Growth at Prologis. “Our investment in XNRGY helps advance the technology that supports the build out of the data center infrastructure that our daily lives run on.”

Christopher Fazekas, Vice-Chairman of the Board of XNRGY, commented: “Michael is highly respected in the investment community and I couldn’t be more delighted to partner with him and Prologis Ventures. Their investment provides further validation for XNRGY as we continue our rapid growth and expansion to meet the very high customer demand for our data center cooling products.”

XNRGY is a leading North American manufacturer of high-efficiency liquid and air-cooling systems with integrated controls and AI capabilities. Its technologies are designed to meet the evolving demands of hyperscale data infrastructure, offering modular scalability, reliability, and energy efficiency in high-ambient-temperature environments. XNRGY continues to implement state-of-the-art production systems inspired by the automotive standards, integrating digital tracking and rigorous quality control throughout its manufacturing process. Its comprehensive thermal management solutions, spanning Liquid Side, Air Side, and full thermal management solutions with proprietary controls integration are engineered by a team of seasoned experts to meet the increasing demands of modern data infrastructure.

On October 23, 2025, XNRGY celebrated the grand opening of its Mesa 1 manufacturing facility with a ribbon-cutting ceremony in Mesa, Arizona. The event was attended by over 200 people including Arizona dignitaries, XNRGY’s customers and partners, and XNRGY’s Mesa, Arizona, employees. XNRGY is rapidly expanding its U.S. manufacturing footprint and accelerating the deployment of next-generation cooling solutions to meet the demand from data centers and other mission-critical infrastructure. XNRGY operates with divisions in Montreal, Canada, and Mesa, Arizona, and is strategically positioned to serve customers across North America.

About XNRGY Climate Systems:

XNRGY Climate Systems is a prominent North American provider specializing in the sustainable design and advanced manufacturing of Thermal Management and Liquid Cooling systems. Leveraging decades of experience in thermal management engineering and manufacturing, XNRGY delivers innovative, energy-efficient solutions tailored to meet the critical requirements of diverse industries. These include hyperscale and modular data centers, healthcare facilities, pharmaceutical labs, semiconductor clean rooms, electric vehicle battery manufacturing, and life sciences facilities. Operating with divisions in Montreal, Canada, and Mesa, Arizona, XNRGY is strategically positioned to serve its clientele across North America.

For additional information, please visit www.xnrgy.com.

About Capital Bridge Group

Capital Bridge Group is a growth-stage investment and advisory firm founded by Michael Ronen, a former Goldman Sachs Partner and COO of Global Technology, Media and Telecom banking, and Managing Partner at SoftBank’s Vision Fund, where he led investments in automotive AI, infrastructure and mobility. Capital Bridge Group specializes in technology-led growth, structured equity, and strategic capital solutions across industries and geographies. Combining the rigor of a disciplined investment firm with the creativity of a strategic advisory partner, Capital Bridge Group pairs institutional and family-office private capital with sound strategic advice and focuses on empowering visionary founders at key inflection points. The firm’s differentiated model combines strategic advice, flexible investment structures, and a world-class global network built over three decades at the forefront of technology and finance.

For more information visit: http://capitalbridge.group or email: [email protected]. 

SOURCE XNRGY Climate Systems

• Oversubscribed Series B backed by Emergence Capital, SBI Investment, LG Technology Ventures, Pavilion Capital, Uphonest Capital, with participation from all existing investors
• Exceeding $50 million in annualized run rate within five months since the initial launch, marking one of the fastest growth rates in the AI industry
• Launches the Genspark AI Workspace, the first platform that autonomously delivers complete business outcomes

PALO ALTO, Calif., Nov. 20, 2025 — Genspark today announced it has closed an oversubscribed $275 million Series B financing round at a $1.25 billion post-money valuation. The round was backed by Emergence Capital Partners, the leading Silicon Valley firm behind Salesforce, Zoom, and Box, alongside leading global technology investors including SBI Investment, LG Technology Ventures, Pavilion Capital, Uphonest Capital, with all existing investors doubling down in this round. The company achieved this milestone while breaking $50 million in annualized run rate within five months – one of the fastest growth rates among AI companies in the industry.

Genspark closed its Seed round, totaling approximately $60 million, in early 2024. Lanchi Ventures, a global early-stage venture capital firm, led the round and has continued to support the company’s growth. As an early investor from Day One, Lanchi Ventures commented: “We have strong conviction in Eric Jing’s vision and the Genspark team. We believe AI is not just about better foundation model and better Chatbot. It is about delivering real work results and efficiency that matter to users. Genspark enables knowledge workers to achieve this in their work space by leveraging the strength of different foundation models, agents and tools. And it proves to be valuable for knowledge workers globally as demonstrated by the fast growth of the company. We are truly proud of the milestones they have achieved so far.”

The funding coincides with the launch of the Genspark AI Workspace. This new platform moves beyond simple AI assistance, which requires step-by-step guidance, to deliver true end-to-end autonomy by putting work on autopilot.

“There are over 1 billion knowledge workers globally spending countless hours on busywork: drafting emails, summarizing meeting notes, creating slides, analyzing data, writing reports. AI chatbots gave us conversation, but they didn’t eliminate the work. You’re still prompting, switching tools, editing outputs. That’s not transformation, that’s just AI-assisted busywork!” said Eric Jing, CEO of Genspark. “Genspark changes this dynamic entirely. Our platform enables knowledge workers to focus on strategy and decisions while autonomous agents handle execution. You state your intent, we deliver the finished work. This is a fundamental shift in how a billion people will work, from managing tasks to driving outcomes. In the AI era, Genspark is where your work gets finished autonomously.”

While LLMs provide powerful reasoning, they lack the “arms and legs” to execute complex business tasks. Genspark’s platform provides that capability, allowing you to put work on autopilot and shift from managing tasks to driving outcomes and strategy. You no longer give step-by-step instructions; you give a high-level goal, and Genspark’s proprietary Mixture-of-Agents architecture manages the entire workflow. No prompting. No tool-switching. Just finished.

“Genspark unlocks something entirely new for enterprises: autonomous execution that delivers finished work, not just assistance,” said Joe Floyd, General Partner at Emergence Capital. “We’ve got our pulse on the AI workspace category, and no one has cracked this until now. Genspark is solving real-world pain points and filling the productivity gap in enterprise AI adoption.”

Genspark’s all-in-one platform acts as the intelligent conductor for this process. It doesn’t rely on a single, pre-trained model. Instead, it intelligently selects and orchestrates from 30+ AI models—including leading models like GPT, Claude, and Gemini alongside open-source alternatives. This is powered by 150+ in-house tools and 20+ premium datasets, allowing the platform to integrate with hundreds of work tools, collect scattered data, connect the dots, and deliver a final, polished outcome.

“We tried more than 20 AI tools on the market to help us build our quarterly presentations and earnings reports,” said a CFO at one of the largest publicly traded real estate companies in Texas. “Genspark is the only one that is boardroom ready.”

Genspark was founded by industry veterans with decades of experience building search and AI systems at Microsoft, Google, Meta, YouTube, and Pinterest. Co-founder and CEO Eric Jing is a Microsoft veteran who joined in 2006 and became a founding member of Microsoft Bing. He built his last company to a $5.5B valuation, where he worked with Co-founder and CTO Kay Zhu for 11 years. Kay Zhu pioneered AI-powered search ranking technologies at Google in 2011, launching the world’s first deep neural network ranking model in production search in 2013. Co-founder and COO Wen Sang holds a PhD from MIT and previously founded and exited Smarking, a Y Combinator and Khosla Ventures backed enterprise SaaS company. This expertise in building large-scale AI systems was foundational in creating the market-leading evaluation benchmarks that ensure Genspark’s agents deliver high quality work output that typically requires only one prompt from customers.

About Genspark

Genspark is a Palo Alto, CA based technology company that builds agentic AI for 1B+ global knowledge workers. Founded by veterans from Microsoft, Google, Meta, Youtube, and Pinterest, Genspark orchestrates AI agents to transform business intent into finished deliverables – from board presentations, deep financial models, business ready documents, to full stack web applications, mobile apps, and even video games. Built for knowledge workers who lead, not just act. Learn more at genspark.ai.

SOURCE Lanchi Ventures

AI Research Startup to Provide Free LLM Access for India’s 300M Students

NEW YORK, Nov. 20, 2025 — Redrob, an AI research startup, today announced $10 million in Series A funding led by Korea Investment Partners, with participation from KB Investment, Kiwoom Investment, Korea Development Bank Capital, Daekyo Investment, and DS & Partners. This brings the company’s total funding to $14 million, following a $4 million seed round in 2023.

Operating across San Francisco, New York, New Delhi, Mumbai, and Seoul with a team of 100 employees, Redrob is positioning itself as the Android to ChatGPT’s iPhone—offering enterprise-grade AI capabilities at a fraction of the cost for both emerging markets and cost-conscious enterprises worldwide. The company has also added undisclosed former senior partners from leading Silicon Valley VC firms to its board of advisors.

“We’re democratizing access to AI infrastructure worldwide while building a sustainable enterprise business model,” said Felix Kim, Founder and CEO of Redrob. “Our technical breakthrough enables us to deliver 90% of flagship model performance at just 5% of the cost, making advanced AI accessible to billions of users globally while offering compelling economics for U.S. enterprises.”

The market opportunity is significant. With ChatGPT Pro priced at $200 per month—far out of reach for much of the global population and many businesses—Redrob addresses this gap through a 20× cost reduction enabled by advanced ML techniques, including Mixture of Experts architecture, aggressive distillation, and quantization. This approach makes high-performance AI feasible for both emerging-market consumers and enterprise customers seeking efficient, scalable solutions.

Redrob has already achieved strong momentum, reaching 3 million users across 500 universities in India and generating $7 million in annual recurring revenue. The new funding will accelerate U.S. enterprise sales, global platform expansion, and continued free access for students in emerging markets.

The company’s B2C-to-B2B conversion strategy is proving especially successful in India. Students who use the platform for free during university later become internal advocates when they enter the workforce. As these graduates join companies across India’s tech hubs, they help drive enterprise adoption from within—creating a natural, low-cost sales pipeline.

“The next billion AI users will come from emerging markets,” Kim added. “By providing free access to students today, we’re building tomorrow’s enterprise customer base. When these users graduate and join companies, they bring Redrob with them.”

Looking ahead, Redrob aims to become the world’s third-largest LLM platform by monthly active users—behind ChatGPT and Gemini—by 2028, with a strong emphasis on U.S. enterprise market penetration. The company’s full-stack infrastructure spans the entire AI value chain, from foundation models to end-user applications, with Redrob LLM powering enterprise-grade solutions for HR, sales, and productivity.

“We’re not just building another AI company—we’re creating the infrastructure that ensures AI benefits everyone, not just the privileged few,” said Kim. “That means free access for students in Mumbai and Delhi, but also cost-effective enterprise solutions for businesses from Silicon Valley to Seoul. This is how we build a truly global AI platform.”

Contact: Josh Rosenblut, [email protected], 914-708-7928

SOURCE RedRob

The investment marks a significant milestone in Perelel’s evolution from premier prenatal brand to comprehensive women’s health company

LOS ANGELES, Nov. 20, 2025 — Perelel, the first doctor-founded, research-backed supplement company for women, announced a $27 million investment from Prelude Growth Partners including participation from existing investors Unilever Ventures, Willow Growth Partners and Selva Ventures. The company is focused on continuing to provide clinically-proven products to support women throughout their entire hormonal lifecycle.

Perelel Co-Founders Victoria Thain Gioia, Alex Taylor and Dr. Banafsheh Bayati leveraged this proactive funding opportunity to replace early angel investors with a partner who would support the brand in its next stage of growth. Prelude Growth’s conviction to invest was centered around Perelel’s compelling brand positioning, high quality science-backed products and the strength of its business metrics. In just five years, the company has achieved profitability, doubled revenue year-over-year, consistently achieved category-leading retention of its subscribers and expanded to support women across multiple stages of life — from fertility and pregnancy to postpartum and perimenopause.

“This moment validates what we’ve built over the past five years: a business that proves women trust and return to brands that invest in clinical rigor and medically backed solutions,” said Victoria Thain Gioia, Co-Founder and CEO of Perelel and mother of four. “As a women-founded firm with deep expertise in scaling consumer health and wellness brands, Prelude Growth understands both our market and our mission. Their proven ability to build category leaders makes them the ideal partner as we evolve beyond pregnancy and postpartum support into a comprehensive women’s health company. We’re so excited to add them to our bench of incredible female board members.”

“The women’s health category is at a breaking point with influencer-led brands and unproven product claims,” said Alex Taylor, Co-Founder of Perelel and mother of two. “As a doctor-founded brand with a commitment to products backed by clinical rigor and robust research, we’ve built our reputation on a foundation of trust. That trust fuels our community and drives real connection — between us and our customers, and within every woman who chooses us.”

Perelel remains focused on creating a world with more healthy, supported women. The timing proves critical: amidst a tidal wave of conflicting, unregulated information, women need clarity and trusted solutions. Perelel is redefining how brands can — and should — step up, filling this gap with doctor-formulated products, clinically-proven ingredients, life-stage continuity and meaningful investment in research.

“Perelel’s doctor-founding coupled with its clinical validation and commitment to women’s health research stands out in the category,” said Neda Daneshzadeh, Co-Founder and Managing Partner of Prelude Growth and mother of two. “We are extremely proud to partner with the team to support them in creating a powerhouse brand that is reimagining the future of women’s health.”

About Perelel
Perelel is revolutionizing women’s health through targeted nutrition. Founded by an OB/GYN, Perelel offers research-backed vitamin routines and simplified daily wellness essentials tailored to key chapters of a woman’s hormonal journey—from preconception to perimenopause. Built on a foundation of clinical expertise and uncompromising quality, Perelel is the trusted leader in fertility, pregnancy and postpartum nutrition—while also supporting her stage-specific, whole-body health. Perelel is breaking the one-size-fits-all model that has dominated the category for decades. Perelel was awarded the Clean Label Project Purity Award for most of its products in 2024, given to a select few products out of hundreds. For more information, visit https://perelelhealth.com/.

About Prelude Growth Partners
Prelude Growth Partners is a leading consumer-focused growth equity firm that supports brands made for the new modern consumer. By partnering with founders and CEOs, Prelude Growth Partners provides deep category experience, value-added operational support, and a broad network to power the high potential, fast-growing consumer brands of tomorrow. Prelude Growth Partners seeks to make investments of $15 million to $100 million in each company, across branded consumer categories including food & beverage, health & wellness, beauty & personal care, pet and other consumer product and service companies. Representative past and current partner investments include: Perelel, Bachan’s, MadeGood, Blueland, Banza, Fly By Jing, So Good So You, Skin Pharm, Sol de Janeiro, Summer Fridays, The Center Brands (including Naturium and PHLUR), Tower 28, OneSkin, Westman Atelier and Amylu. For additional information on Prelude Growth Partners, please visit www.preludegrowth.com or follow the firm on LinkedIn.

Press Contact: [email protected]

SOURCE Perelel

Traditional product sourcing is broken

Finding a reliable supplier can take more than six months and thousands of hours of manual work. Brands must draft detailed product specifications, search manufacturer directories full of middlemen and low-quality factories, and exchange hundreds of messages across WhatsApp, WeChat, and email just to obtain basic price quotes. Samples and orders often fail to meet requirements, leaving brands to arrange third-party on-site inspections abroad and manage freight forwarding from factory to warehouse. Unlike large brands like Uniqlo and H&M, e-commerce brands typically have no dedicated procurement teams. As a result, sourcing takes longer, costs more, and many end up overpaying suppliers that deliver poor quality.

How Cavela uses AI to source physical products

Cavela uses AI agents, a proprietary database of 200,000+ vetted suppliers, and human sourcing experts to handle the entire procurement process. First, an AI agent turns a brand’s product specifications into a complete product brief, and matches those details against Cavela’s supplier network — which includes factories behind Carhartt, Ralph Lauren, Patagonia — to identify the best-fit manufacturers. Then, AI agents, partnering with Cavela’s human sourcing experts, coordinate with manufacturers to handle everything from collecting quotes to warehouse delivery. Cavela handles on-site QA that verifies quality of samples and purchase orders, and has optimized freight-forwarding to handle shipments. Cavela removes thousands of hours spent on sourcing, while finding higher quality factories at production costs that are often 35%+ lower.

Tariffs have exposed a fragile system

Tariffs have further exposed the cracks in global manufacturing. As costs rise, brands risk going out of business unless they can quickly pivot their supply chains. Yet sparse information, opaque pricing, and time-consuming, manual workflows make it nearly impossible to shift production — whether back to the United States or to alternative regions abroad. Cavela manages the entire sourcing process end-to-end — from product definition and quoting to sampling, QA, production, and final delivery to warehouse — making it fast and effortless for brands to establish new, tariff-resilient supply chains and spin up new product lines. “We were told there were only two manufacturers who could make our product. Cavela found us three times as many options” Anastasia Alt, Founder of Yana. “Tariffs have put e-commerce in an existential crisis. Cavela makes premium manufacturing accessible to all brands,” said Ross Fubini, XYZ Venture Capital. “This is the only team we’ve seen that combines a deep understanding of global manufacturing and AI to solve this problem”.

Cavela is the other side of Shopify

Shopify made it easy for anyone to sell products online — but before you can sell, you have to make. Until now, this part of the process remained entirely manual. Cavela fills a crucial gap in the e-commerce chain by automating the last offline process: manufacturing. It represents the next evolution of e-commerce infrastructure. Platforms like Shopify digitized storefronts, but production itself has remained slow, manual, and fragmented. Cavela brings that missing layer online, giving brands instant access to global manufacturing with the same ease as launching an online store. “Our unit costs are actually lower now than they were before tariffs” Jordan Beaman, Founder of Western Welder Outfitting. “If they had beat our pricing by 10–15% that would have been good. They beat it by 65%. Having sourcing, communication and pricing all together makes it easy for record keeping and reference. It’s a game changer” Lindsay Barto, Founder of The Longhairs (from Shark Tank).

Cavela is now available globally

Cavela is now widely available for growing e-commerce brands. Companies can get quotes, compare suppliers within days, test samples, and place bulk orders all in one place. Get started at Cavela.com

About Cavela

Cavela manages the sourcing process from quote to delivery. By combining AI with on-the-ground expertise, the company helps brands access premium suppliers worldwide, cut thousands of hours of sourcing time, and reduce production costs by an average of 35%. Cavela is based in San Francisco, CA.

Press Contact

Malini Srikrishna ([email protected])

SOURCE Cavela