The platform cuts international payment times from weeks to hours, reducing costs by 95%
NEW YORK, Oct. 21, 2025 — Tesser today announced it has secured seed funding for its stablecoin payments solution in a round led by Castle Island Ventures alongside Strobe Ventures and Anthemis with participation from other strategic investors.
Founded by Geetha Panchapakesan, a payments veteran who spent 18 years at MoneyGram, Visa Direct, and Circle, Tesser addresses a critical gap: licensed financial institutions want to enable stablecoins but lack the technical infrastructure to do so quickly and compliantly.
Why this matters for financial institutions
Visa’s global payment volume in 2024 was 13.2 trillion. Stablecoin payment volume in the same year reached $6.4 trillion – nearly half of that, most of which is market share being captured from traditional institutions.
Tesser’s stablecoin payment platform can help financial institutions cut cross border payments delivery time to hours with a 95% cost reduction over industry standards. The platform, which can be fully integrated in under a month, handles wallet provisioning, treasury management, compliance orchestration, and reconciliation—abstracting blockchain complexity and allowing institutions to maintain full control over risk and customer relationships.
“We’re giving institutions the full stack infrastructure to add blockchain as a payment rail, the same way they added mobile payments. We are the only platform that doesn’t seek to compete with banks, PSPs or fintechs, but support them” Panchapakesan said.
Tesser’s MVP launches at Money 2020 in Las Vegas, October ’25. To learn more about the platform, sign up for updates at tesser.xyz/updates or connect with Tesser at Money 2020.
About Tesser
Founded in 2025 and based in New York, Tesser provides licensed financial institutions with a full-stack platform to connect traditional finance with blockchain-based money movement.
JANA plans to engage with the Company’s Board of Directors and management regarding opportunities to enhance shareholder value and improve the guest experience. JANA Managing Partner Scott Ostfeld disclosed the investment at the 13D Monitor Active-Passive Investor Summit.
“I am a lifelong Six Flags fan and grew up going to these parks with my family and friends,” said Travis Kelce. “The chance to help make Six Flags special for the next generation is one I couldn’t pass up.”
“We look forward to working with the Six Flags board and management to unlock shareholder value for the benefit of all stakeholders,” added Scott Ostfeld.
About Glenn Murphy
Glenn Murphy is an accomplished consumer executive who brings a 30-year track record of strategic and operational leadership across multiple major global brands. He is the founder and Chief Executive Officer of FIS-Holdings Ltd., a high‐impact consumer‐focused investment firm. Prior to FIS Holdings, Mr. Murphy served as Chairman and Chief Executive Officer of Gap, Inc. from 2007 until 2014. Prior to that, he served as the Chairman and Chief Executive Officer of Shoppers Drug Mart Corporation from 2001 to 2007. Mr. Murphy currently serves as Executive Chair of the board of Petco Health and Wellness Company, as well as Executive Chair of Wella Beauty. He previously served as Executive Chairman and then Chairman of the board of directors of Lululemon Athletica, Inc. from April 2017 to August 2023.
About Dave Habiger
Dave Habiger is an accomplished technology and media executive who brings decades of leadership experience across multiple global companies. He currently serves as Vice Chairman of J.D. Power, where he previously served as President and Chief Executive Officer from 2018 to 2025. Over his career, Mr. Habiger has led several public technology businesses through significant growth and strategic transactions, including serving as Chief Executive Officer of Textura Corporation through its sale to Oracle in 2016, Chief Executive Officer of NDS Group through its sale to Cisco Systems in 2012, and President and Chief Executive Officer of Sonic Solutions through its sale to Rovi Corporation. Mr. Habiger serves on multiple public and private company boards including as Chairperson of Reddit, and as a director for Boston Scientific and the Chicago Federal Reserve Board.
About JANA Partners
JANA Partners was founded in 2001 by Barry Rosenstein. JANA invests in undervalued public companies and engages with management teams and boards to unlock value for shareholders.
Disclaimer
This press release and the opinions herein are for general information only, and are not intended to be, nor should they be construed as, an offer to sell or a solicitation of an offer to buy any security, a recommendation to purchase or sell any security, or legal, financial, tax, investment, or other advice. Funds managed by JANA currently beneficially own and have other economic interests in shares of the Company. Travis Kelce has a financial interest in certain of the Company’s securities, including, but not limited to, investments relating to the Company in such funds managed by JANA. These funds are in the business of trading (i.e., buying and selling) securities and intend to continue trading in the securities of the Company. You should assume such funds, as well as other funds in which Travis Kelce has a financial interest, may from time to time sell all or a portion of their respective holdings of the Company in open market transactions or otherwise, buy additional shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls, swaps or other derivative instruments relating to such shares, subject to applicable law. Consequently, JANA’s or Travis Kelce’s beneficial ownership of shares of, and/or economic interest in, the Company may vary over time depending on various factors, with or without regard to their respective views of the Company’s business, prospects, or valuation (including the market price of the Company’s shares), including without limitation, other investment opportunities available to them, concentration of positions in the portfolios managed by them, conditions in the securities markets and general economic and industry conditions. JANA and Travis Kelce each reserve the right to change any of their respective opinions expressed herein at any time as they deem appropriate and disclaim any obligation to notify the market or any other party of any such change, except as required by law.
Press Contacts
Jonathan Gasthalter/Nathaniel Garnick Gasthalter & Co. [email protected] (212) 257-4170
Funding to Accelerate Product Evolution and Go-to-Market Strategies to Grow the Business
MINNEAPOLIS, Oct. 21, 2025 — Gravwell, the full-stack data analytics and security platform, today announced the closing of $15.4 million in Series A funding led by Two Bear Capital. The round included participation from Gula Tech Adventures, Next Frontier Capital, and others. Gravwell enables organizations to collect, observe, and analyze “ground truth” data from IT and OT systems to stay operational and secure. The new investment will accelerate the evolution of Gravwell’s product offering, enabling it to deliver solutions that address rapidly emerging use cases for data analysis and security. Funding will also support go-to-market strategies designed to build on the company’s current momentum. Gravwell has achieved over 100% year-over-year growth fueled by both national and international demand. The growth was driven largely by organizations seeking a modern, high-performance alternative to legacy market leaders. These organizations are looking to enhance operations with Gravwell’s unique ability to handle sophisticated, large data sets. Additional capital will help the company keep up with growing demand while maintaining its highly lauded customer service.
Enterprises rely on Gravwell to centralize massive volumes of logs, accelerate cybersecurity threat hunting, and gain unprecedented visibility across their environments, including the emerging challenge of auditing AI agent activity. By ingesting and analyzing every event, command, and interaction, Gravwell helps organizations detect anomalies, investigate threats, and ensure AI systems behave as intended.
“With demand for both advanced log management and trustworthy AI oversight surging, the real time tools and solutions Gravwell provides have never been more critical,” said Mike Goguen, founder and managing partner of Two Bear Capital. “Gravwell gives enterprises the power to hunt threats, manage logs at scale, and audit what their AI agents are doing to deliver the visibility and trust modern security teams need to be safe and successful in business. Two Bear Capital is excited to be investing in Gravwell during this transformative moment. I look forward to working with founders Corey Thuen and Kris Watts to help Gravwell realize all the opportunity and potential ahead of it.”
“Built-from-scratch, Gravwell was designed to ingest data in its unprocessed format, operate at an enterprise scale with minimal maintenance, and provide best-in-class tools to investigators looking to find out what really happened; whether investigating a potential cybersecurity breach, gaining visibility into unique environments like on-prem OT, or keeping things running, data is the key to understanding,” said Corey Thuen, CEO and co-founder of Gravwell. “We are grateful to Two Bear Capital, Gula Tech Adventures, and all of our investors who understand our mission and believe in the company we are building.”
About Gravwell Gravwell is a full-stack data analytics and security platform purpose-built for high-volume, high-fidelity machine data. By enabling organizations to ingest, index, and query logs, network traffic, and event streams at scale, Gravwell empowers security teams to rapidly investigate threats, detect anomalies, and meet compliance requirements without data silos or sampling. With a flexible ingestion engine and vendor-agnostic architecture, Gravwell delivers deep visibility across IT and OT environments, arming defenders with the speed and context needed to outpace modern adversaries. Gravwell investors include Two Bear Capital, Gula Tech Adventures, Innosphere Ventures Fund, Next Frontier Capital, Kickstart, and Rise of the Rest. For more information, visit: www.gravwell.io.
About Two Bear Capital Founded in 2019 by Mike Goguen, Two Bear Capital is a venture capital firm investing in brilliant entrepreneurs with breakthrough solutions to complex and critical problems. With its unique approach to venture capital, Two Bear Capital’s vision is to build enduring, high-impact businesses that benefit society while delivering for investors. The firm primarily focuses on early founder-led companies with disruptive life sciences and technology innovations. Two Bear Capital has offices in Menlo Park, San Diego, Boston, and New York, with its home base in Whitefish, Montana. For more information, visit: www.twobearcapital.com.
Enterprises building AI-powered applications are stuck with fragmented data stacks, brittle DIY pipelines, costly batch tools, or fragile streaming-first systems. Batch pipelines introduce hours of latency, while streaming stacks are powerful but brittle, expensive, and require heavy operations. This results in spiraling costs, complexity, outages, and AI projects stalling when fresh data isn’t available.
Estuary’s platform solves this problem by merging real-time and batch data movement so organizations can capture, transform, and sync data continuously across their entire stack in one place. With Estuary, enterprises cut spend by 40–60%, accelerate time-to-market for streaming solutions, and gain fine-grained control over latency and deployment, whether SaaS, private plane, or Bring Your Own Cloud (BYOC) The result: dependable, affordable data that’s synchronized at the right time for every workflow.
“Data integration has long meant stitching together multiple vendors and making painful tradeoffs,” said David Yaffe, co-founder and CEO of Estuary. “We built Estuary to eliminate those compromises. By unifying batch and streaming, and letting customers dial latency anywhere from sub-second to scheduled, we give enterprises dependable pipelines that fuel analytics, operations, and AI at lower cost.”
“This raise allows us to accelerate toward a future where pipelines simply work, where data moves when and how teams need it, powering both today’s analytics and AI,” Yaffe added.
As enterprises race to adopt AI, the need for dependable, fresh data has never been greater. Most legacy systems are either brittle DIY pipelines or costly vendor stacks that lack flexibility. Estuary Flow bridges this gap, offering:
One platform for all data movement: Replace CDC, batch, and streaming tools with a single managed platform.
Right-time performance: Control data latency like a dial: sub-second, near real-time, or batch, aligning cost and speed with workload needs.
Enterprise-grade reliability & control: Exactly-once semantics, deterministic recovery, targeted backfills, and flexible deployment (SaaS, BYOC, or private data plane).
Predictable, lower TCO: 40-60% cost savings vs. MAR-based models, with throughput or flat-fee pricing options.
Partner-level support: Rapid connector delivery, SLAs, and hands-on guidance for mission-critical workloads.
“For AI systems like ours, freshness of data is everything. Estuary gives us sub-second latency without the complexity of maintaining streaming infrastructure ourselves. That reliability means our teams can focus on advancing AI models instead of pipelines,” said YuTong (Julia) Zhang, Senior Software Engineer at Together AI.
“Estuary has been a pleasure to work with and has significantly modernized our data infrastructure, delivering real-time and scalable processes that will significantly impact company-wide operations. Every data-driven organization should be looking at Estuary today,” said Andrew Woelfel, Senior Manager, Data Engineering and Analytics at Xometry.
Customers across finance, healthcare, logistics, and SaaS already rely on Estuary to consolidate stacks, cut costs, and modernize their data infrastructure.
“M13 is excited to back Estuary as they redefine enterprise data movement,” said M13’s Managing Partner Karl Alomar. “Having scaled DigitalOcean from startup to global infrastructure provider, I’ve seen firsthand how critical dependable, cost-predictable systems are for enterprises. Estuary’s ‘right-time’ approach, unifying batch and streaming with BYOC flexibility, solves enterprises’ complexity and compliance challenges, modernizes data stacks and lays the foundation for AI-driven workloads.”
With this Series A, Estuary will expand engineering, product, and go-to-market teams to scale its enterprise roadmap and global reach.
Estuary is the right-time data platform that replaces fragmented data stacks by consolidating CDC, streaming, batch, and pipelines into a single managed system. With Estuary, enterprises gain predictable pricing and fine-grained control over latency with flexible deployment options – all in one platform.
Press contact
Daniel Palma Head of Marketing Estuary Email: [email protected] Phone: 347-891-2483
Funding accelerates Findem’s mission to build the next generation of Talent AI
SAN FRANCISCO, Oct. 21, 2025 — Findem, the only AI talent acquisition and management solution powered by 3D data, today announced $51 million in new funding. The raise includes a Series C led by SLW, with participation from Wing Ventures, Harmony Capital and Four Rivers Group, and growth financing from J.P. Morgan. This brings Findem’s total funding to $105 million.
This raise follows a year of exceptional momentum, with 3X year-over-year growth, top-10% placement on the Inc. 5000, and recognition by Fortune and Fast Company as one of America’s most innovative companies.
From Automation to Strategic Impact AI is reshaping HR, and the breakthrough lies in domain-specific AI that can elevate recruiting beyond task automation to measurable business impact. Most recruiting technologies rely on fragmented public data and resumes, limiting them to surface-level matches without the context behind great hiring decisions. Findem bridges that gap by unlocking the expertise of top recruiters and transforming their habits into AI-ready, data-driven workflows.
Findem’s data labeling engine identifies ‘success signals’—validated patterns that reveal not just who can do the job, but who is most likely to thrive in a specific role, team and culture. It’s how a military logistics officer is understood to be ready for a senior supply chain role, or how leadership potential is spotted in an engineer who has scaled multiple startups. Trained on success signals, Findem’s AI streamlines and elevates workflows, improving the experience for recruiters and candidates, while delivering the cost savings and strategic impact that CHROs value most.
“Findem is pioneering a new category in talent technology, enabling top recruiters to use AI to drive more efficient workflows and land better candidates faster,” said Shawn K. O’Neill, Managing Partner at SLW. “Recruiting expertise is inherently specialized, and the wisdom to identify a future leader or valuable prospect doesn’t exist in public datasets. We invested in Findem because their platform is driving better outcomes for talent teams with more automation and unique insights, making them well positioned to lead the next wave of talent innovation.”
“HR decisions have always been limited by the quality of data. Findem’s data engine, with its uniquely labeled and multi-dimensional people data, decodes important talent information that companies have never seen before,” said Josh Bersin, global industry analyst and CEO of The Josh Bersin Company. “From faster hiring to better retention and workforce agility, Findem is helping companies build the next generation of enterprise people strategy.”
The Largest Expert-Labeled Talent Dataset Launched in 2020, Findem’s data labeling engine is powered by millions of proprietary attributes, digitizing success signals that used to live only in the heads of great recruiters and hiring managers. This data expands into over 800 million 3D profiles, giving AI the most contextualized view of human potential—far beyond a resume or LinkedIn profile.
“By elevating talent data from a flat commodity into a rich strategic asset, we’re the only company making it AI-ready,” said Findem CEO Hari Kolam. “This is just the beginning of what’s possible when AI truly understands talent.”
Findem will use the new funding to expand its expert-labeled dataset and accelerate the development of domain-specific AI, partnering with companies to transform the people function through its data labeling engine. The investment will also drive the creation of agentic workflows optimized for outcomes, spanning calibration, interviews and everything in between. In addition, the funding will fuel go-to-market initiatives and support Findem’s continued global growth.
Strategic Partnerships Drive Market Expansion Partners with deep domain expertise are uniting with Findem to build the most advanced AI for talent and transform people decisions.
“Our partnership with Findem addresses one of the toughest challenges in hiring: making veteran talent visible,” said Tim Best, CEO of RecruitMilitary and U.S. Army veteran. “Employers often find it difficult to translate military experience into business terms. By embedding our decades of veteran hiring expertise into Findem’s attributes, we highlight impact, showing how veterans’ skills and leadership directly drive measurable business outcomes.”
“By partnering with Findem, we’re turning our workforce equity expertise into structured attributes that illuminate diverse talent in new ways. Together, we’re ensuring that employers have the data they need to recognize and connect with talent whose skills and impact might otherwise be overlooked,” said Brenda Darden Wilkerson, president and CEO of AnitaB.org.
Looking Ahead “We’re grateful for the trust of our customers, partners, investors and team,” said Kolam. “Together, we’re turning static talent data into a living, strategic engine that not only fills roles but predicts and shapes the future of work.”
About Findem Findem’s Talent Data Cloud combines expert-labeled, 3D data with AI to unlock smarter talent strategy and streamline the way businesses connect with top candidates. By bringing together multichannel sourcing, CRM and insights into one place, Findem eliminates inefficiencies and allows TA teams to focus on the right candidates and decisions that drive business impact. Findem empowers customers like RingCentral and Nutanix to solve enterprise challenges at scale, creating continuous pipelines of top, diverse candidates, delivering improved ROI and making great hires. Discover why we’ve been named one of America’s most innovative companies and how we’re transforming hiring at www.findem.ai.
About SLW SLW was founded in 2012 as Silver Lake Waterman, a later-stage growth strategy within Silver Lake, the global leader in technology investing. In 2024, SLW became an independent firm while maintaining collaborative relationships between SLW and Silver Lake. SLW partners with leading technology companies by investing repeatedly throughout a company’s lifecycle in both equity and flexible non-dilutive structures to meet evolving capital needs. The firm’s long-term, relationship-oriented strategy allows it to be an enduring partner for exceptional founders and management teams, providing flexible capital and strategic support at every phase of growth.
10x expansion in transaction capacity positions fintech startup to meet booming demand from trading companies in the fast-growing cross-border payments sector
PALO ALTO, Calif., Oct. 21, 2025 — Tensec, a fintech startup focused on providing cross-border financial services, today announced a strategic $60 million credit facility with Upper90 Capital Management, LP (“Upper90”). The financing enables Tensec to expand its annual trade volume from $500MM to $5B, addressing surging demand from its import/export trading clients.
Tensec builds AI-native global financial tools for global trading companies on a zero-integration platform. Through Tensec and its banking partner, Stearns Bank, N.A., Member FDIC, these businesses can seamlessly offer foreign exchange (FX), cross-border payments, treasury, and other financial tools to their clients — unlocking new revenue streams and expanding service offerings. The company does this with a “Powered by Tensec” model, in which Tensec’s AI engine handles all technical, operational and compliance requirements.
The $60 million credit financing will enable Tensec to support higher transaction volumes from new clients while increasing the wallet share with its existing clients, powering growth through flexible, real-time cross-border payments and financial tools. This funding comes as demand surges from trading companies eager to participate in the cross-border payments market. With global payment volumes projected to grow from $194.6 trillion in 2024 to $320 trillion by 2032 — a 64% increase — the opportunity for new market entrants is unprecedented.
“The credit partnership with Upper90 is a catalyst for Tensec’s growth,” said Helcio Nobre, Tensec’s founder and CEO. “It allows us to rapidly scale our customer base and transaction volumes, bringing more global trade enablers into the cross-border financial services market. Upper90’s sophisticated approach to structuring growth capital makes them an ideal partner. This credit partnership allows us to bring exponentially more companies into the market as we scale from $500M to $5 billion in transaction volume.”
“We are thrilled to partner with Tensec as they embark on this next phase of exciting growth,” said Billy Libby, co-founder and CEO of Upper90. “Cross-border trade is a theme we have been focused on since starting Upper90, and when we met Tensec we were immediately impressed by the tech-first approach to this opportunity utilizing AI to reduce transaction costs and improve the customer experience. The team’s depth and breadth of experience, combined with their technology-first approach to the market, aligns perfectly with Upper90’s focus on capital-intensive, early-stage, technology businesses. Tensec’s platform is not only transforming how trading companies operate—it’s opening up an entirely new market, and we’re excited to support them on this journey.”
Tensec raised $12 million in seed funding earlier this year, led by Costanoa, to build the foundation for its services. This new credit financing enables Tensec to accelerate transaction volume, optimize client penetration, and scale efficiently without integration barriers. Tensec aims to add more than a hundred new trading partners over the next 18 months, each gaining instant access to compliant U.S. banking and payment capabilities that would otherwise require years and millions of dollars to replicate – the kind of infrastructure no trading company could ever realistically prioritize building themselves.
About Tensec Tensec is a Silicon Valley technology company reimagining B2B cross-border financial services by providing the fastest and simplest way for businesses to move money across global markets. Founded by veterans from PayPal, Meta, Goldman Sachs, Visa, Mastercard and Credit Karma, Tensec equips global trade companies and FX service providers with the tools to directly deliver cross-border payments and financial solutions to their clients. Backed by world-class investors, Tensec is headquartered in San Francisco, with offices in New York, Mexico City, and São Paulo.
Tensec is not a bank. Banking services in the United States are provided by Stearns Bank, Member FDIC. For more information, visitwww.tensec.io.
About Upper90
Upper90 is a hybrid investment firm that is a first credit partner for early stage companies and solves complex bridge capital needs for later stage, profitable companies. Launched in 2018 by executives from Seamless-GrubHub and Goldman Sachs, Upper90 helps technology-enabled businesses with positive unit economics and collateral to accelerate growth.
E-commerce customers increase revenue 30% with the digital customer experience optimization solution as leading Silicon Valley investors allow Moonshot AI to scale across industries
NEW YORK, Oct. 21, 2025 — Moonshot AI, the AI-powered platform that turns websites into fully automated, self-optimizing living organisms, today announced $10 Million in seed funding. The no-code platform leverages generative AI to teach websites to evolve to increase conversions, sales, and revenue. The round was led by Mighty Capital and other investors who participated in the round include: Oceans Ventures, Uncorrelated, Garuda Ventures, and Almaz Capital.
Moonshot AI is building a new species of website — one that learns, experiments, and evolves on its own. Its platform continuously analyzes user behavior, generates new on-site experiences using generative AI, tests them live, and deploys the winners automatically. The result: websites that learn, adapt, and outgrow yesterday’s version of themselves.
As companies approach the busy holiday season, it is critical to have up-to-the-second optimized experiences. Moonshot AI’s founders, Aviv Frenkel, PhD and Evyatar Segal, bring their own history with the pains of e-commerce and digital experience optimization.
“There are B2B and B2C companies. Moonshot AI, to Evyatar and I, is a B-2-me company,” said Aviv Frenkel, Co-Founder and CEO of Moonshot AI. “I started out because I had a pain in my e-commerce business, and I wanted to fix it. Conversion rate optimization is like voodoo, you never know what works and what doesn’t, and every change you want to make requires a massive team. That’s why we started Moonshot AI.”
E-commerce customers have already seen a 30% uplift in customer revenue per visitor after a few months of using Moonshot AI, including Yáneken and DefenAge.
“As AI enters the post-hype cycle of market adoption and more and more companies are struggling to make an impact with AI tools and the online customer experience, we’re coming to the market at a critical time,” said Co-Founder and CTO of Moonshot AI, Evyatar Segal. “The benefit of launching in the e-commerce space is that we’ve been able to show the immediate ROI of our AI platform. We look forward to the ROI of our initial seed round and continuing to grow.”
As Moonshot AI’s model continues to learn from existing and future online businesses, the benefits could only increase.
“At Mighty Capital, we back innovators whose products deliver measurable business impact. Moonshot AI is doing exactly that — helping organizations boost their bottom line through AI-powered optimization. We’re proud to partner with them at this pivotal stage of growth as they help even more businesses profit with their revolutionary AI solution,” said Jennifer Vancini, Co-Founder and General Partner at Mighty Capital.
Healthier Capital, Norwest, Define Ventures and other new strategic investors back Hyro as demand soars for healthcare-native AI agents across providers, payers and clinics
NEW YORK, Oct. 21, 2025 — Hyro, the leading Responsible AI Agent Platform for healthcare, today announced $45 million in new growth funding led by Healthier Capital, with participation from Norwest and Define Ventures, as well as other existing investors. The round also included new strategic investments from Bon Secours Mercy Health, one of Hyro’s long-standing clients, and ServiceNow Ventures, the investment arm of ServiceNow. The financing comes just 10 months after Hyro’s previous raise and doubles the company’s valuation, bringing total funding to $95 million.
Rom Cohen, CIO & Co-Founder and Israel Krush, CEO & Co-Founder
The investment will fast-track Hyro’s development of administrative, operational, and clinical AI agents designed to streamline healthcare consumer access across digital and voice channels. Hyro’s platform is already deployed at scale across more than 45 leading health systems, including newcomers Sutter Health, Tampa General Hospital, Prisma Health and Piedmont Healthcare. Over 30 million patients across the United States are already engaging with Hyro’s agentic chat and voice offering, and the platform is increasingly being adopted by health plans and mid-sized specialty and clinic groups. Building on this foundation, Hyro recently launched Proactive Px™, expanding its platform to cover 360-degree communications that are bi-directional, inbound and outbound, and designed to meet patients ahead of their needs.
Patient expectations have transformed as they increasingly demand instant, digital-first access to care, with AI reshaping interactions across call centers, websites, mobile apps, and SMS. At the same time, health systems face worsening resource constraints as staff shortages, burnout, and attrition plague the industry. While newer AI voice startups and CCaaS providers may offer polished interfaces, they often lack what healthcare requires most: deep data integration, multi-modal functionality, and enterprise-grade interoperability for healthcare specific workflows.
“After another 10 months of strong execution, landing new enterprise customers and expanding relationships with existing ones, we decided to bring on additional capital to further our mission of improving patient access to care and driving operational excellence for health systems,” said Israel Krush, CEO and Co-Founder of Hyro. “There are plenty of impressive demos in the market, but what healthcare organizations need are AI agents that are patient-ready and enterprise-ready today, designed around proven real-world workflows and best practices, deeply interoperable with EMR systems like Epic, and reinforced with robust safeguards. This new funding round reflects the industry’s growing trust in our approach. With support from both new strategic investors and long-time partners, we’re well-positioned to expand across new specialties and segments throughout the healthcare ecosystem.”
“Hyro is delivering better levels of access, experience, and operational performance to leading healthcare organizations, delivering significant returns-on-investment,” said Amir Dan Rubin, CEO & Founding Managing Partner of Healthier Capital. “Hyro’s team, technology, traction and client-earned trust demonstrates an ability to deliver significant positive impacts at scale in healthcare,” added Rubin.
Hyro combines the flexibility of Large Language Models (LLMs) with its proprietary conversational engine, including its Small Language Models (SLMs) for healthcare organizations, and advanced knowledge graphs purpose-built for healthcare. This hybrid architecture enables Hyro’s AI agents to accurately resolve up to 85% of routine patient interactions, including registration, routing, scheduling, and prescription management, while maintaining full compliance with HIPAA and other robust healthcare standards. Designed for healthcare-first interoperability, these agents integrate directly into existing tech stacks through secure, and often exclusive, API calls, pulling relevant data from leading EHRs and CRMs to autonomously complete patient tasks such as scheduling appointments or refilling prescriptions. When needed, the system includes seamless contextual transfer to live agents, ensuring that human support is enhanced, not replaced. All interactions are captured and visualized within Hyro’s Patient Intelligence Dashboard, providing real-time visibility into key conversational metrics, operational impact, and AI performance.
“Healthcare is highly complex. What excites us about Hyro is their combination of advanced AI agents with deep healthcare-native design and safety mechanisms,” said Assaf Harel, Partner at Norwest. “Healthcare organizations need more than just polished chatbots, they need platforms that integrate seamlessly with EHRs, CRMs and clinical workflows embedded deep within the complex U.S. care ecosystem. Hyro is already proving it can deliver this at scale, and we believe it’s positioned to become the definitive AI communications layer for healthcare.”
“Bon Secours Mercy Health has partnered with Hyro for more than five years, and we’re excited to build on that foundation by further expanding its latest AI-powered scheduling capabilities in our call center later this year,” said Staci Lucius, President of the Medical Group, Urgent Care, & Employer Services at Bon Secours Mercy Health. “Accrete Health Partners’ strategic investment in Hyro demonstrates Bon Secours Mercy Health’s commitment to supporting technologies that improve patient access through meaningful collaboration,” added Cyril Philip, Vice President of Digital Ventures at Bon Secours Mercy Health and Accrete Health Partners.
About Hyro
Hyro, the leading Responsible AI Agent Platform for healthcare, enables health systems to safely automate workflows and conversations across their most valuable platforms, services, and channels—including call centers, websites, SMS, mobile apps, and more. Hyro’s clients, which include Intermountain Health, Baptist Health, and Hackensack Meridian Health, benefit from AI agents that are fully HIPAA-compliant, fast to deploy, easy to maintain, and simple to scale—generating better conversations, successful patient outcomes, and revenue-driving insights. Hyro was founded in 2018 by Israel Krush and Rom Cohen. Learn more at www.hyro.ai.
HighVista Venture Capital Fund XIV will seek to invest in highly sought-after early-stage fund managers at the forefront of innovation
BOSTON, Oct. 21, 2025 — HighVista Strategies LLC (“HighVista”), an employee-owned specialty alternative asset manager, today announced the close of $270 million in capital commitments for HighVista Venture Capital Fund XIV, L.P. (“HVC XIV” or the “Fund”). The Fund was significantly oversubscribed, surpassing its $200 million target with commitments from a diverse group of limited partners, including a range of institutions and family offices globally.
The Fund will continue HighVista’s venture capital strategy, underpinned by a long track record tested over market cycles and the team’s extensive network in the venture ecosystem. Consistent with HighVista’s focus on hard-to-access and inefficient markets, the Fund will seek to invest in a concentrated portfolio of access-constrained, early-stage venture fund managers. HighVista believes these managers are well-positioned to capitalize on secular trends in artificial intelligence, enterprise software, fintech, life sciences, and blockchain. This strategy is enhanced by opportunistic co-investments and secondary transactions, leveraging the venture capital team’s deep industry experience.
“We are grateful for the confidence and strong support from our longstanding limited partners and are delighted to welcome new investors as this strategy gains broader appeal,” said Caroline Page, Head of Relationship Management and a Partner at HighVista. ”This successful close reflects our team’s consistent and disciplined approach.”
“We believe we are at an inflection point for technological innovation, driven by transformational platform shifts like AI and blockchain, which are creating extraordinary investment opportunities,” said Kirsten Morin, Co-Head of Venture Capital and a Partner at HighVista. “HVC XIV is designed to seize this moment by partnering with visionary investors poised to back the next wave of category-defining companies. We are excited to deploy this capital and strive to continue delivering strong results for our investors.”
About HighVista
HighVista Strategies LLC is an employee-owned alternative asset manager that brings investors alpha opportunities in structurally inefficient markets. Based in Boston and founded in 2004, HighVista manages over $10 billion of capital on behalf of sophisticated investors globally. HighVista is a partner for investors looking beyond the standard playbook for differentiated ideas that can amplify returns. HighVista’s investment strategies span private markets, including private credit, lower middle market private equity and early-stage venture capital; public markets, including biotechnology equities and hedged public markets strategies; as well as multi-strategy alternatives.
Important Disclosure
The views and options expressed here reflect the judgments and opinions of HighVista Strategies LLC at the time of this publication, do not purport to be complete, and are subject to change. No obligation to update or otherwise revise such views and opinions is being assumed. This publication does not constitute, and should not be construed as, an offer of advisory services, securities or other financial instruments, a solicitation of an offer to buy any security or other financial instrument, or a recommendation to buy, hold or sell a security or other financial instruments in any jurisdiction. Capital commitment amount has been rounded. Information provided contains forward-looking statements that are inherently uncertain because the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond control.
