Landmark investment will accelerate access to cannabis-based healthcare as the UK market approaches a £1bn valuation, positioning Mamedica to support up to 100,000 patients.

NEW YORK, Sept. 23, 2025 — Mamedica, the UK’s leading and most-trusted provider of cannabis-based prescription medicines, today announced a £4.5 million funding round led by Casa Verde, the US-based cannabis-focused venture capital firm.

Casa Verde has backed major cannabis companies including Dutchie, Metrc and Leaflink in the United States, and holds European positions in Cansativa and Sanity Group. The new capital will be used to scale Mamedica’s operations by optimising its in-house supply chain for efficiency and continuity of care, expanding access through a wider clinical network, advancing its proprietary digital healthcare platform with enhanced automation and compliance capabilities, and driving education around the integration of medical cannabis into mainstream healthcare.

Launched in 2022 by CEO and founder Jon Robson, Mamedica provides specialist treatment for chronic and neurological conditions including pain, anxiety, ADHD and depression. Its digital model enables remote consultations with specialist clinicians, with medication delivered nationwide by secure next-day courier. Since inception, Mamedica has treated over 10,000 patients, with approximately 7,500 actively under care and around 10% month-on-month growth in initial consultations. The company recorded 1,250% patient growth in 2023 and 154% in 2024 and expects to double patient numbers annually as the UK medical cannabis industry approaches £1bn in annual sales by the end of 2028.

“We’re excited to partner with Mamedica as the UK cannabis market enters a period of rapid growth,” said Karan Wadhera, Managing Partner at Casa Verde. “Mamedica’s digital-first, patient-centric model sets the standard for care in the UK and offers a blueprint for broader European expansion.”

“This funding marks a pivotal milestone in Mamedica’s mission to transform patient care in the UK,” said Jon Robson, CEO and founder of Mamedica. “The backing of Casa Verde and our private investors validates our approach and enables us to accelerate access to high-quality, regulated treatment.”

About Mamedica

Mamedica is a digital healthcare platform providing UK patients with access to cannabis-based prescription medicines across pain, psychiatry, neurology, palliative care and cancer. Following a secure video consultation, medication is dispensed and delivered nationwide via next-day courier. Founded in 2022, Mamedica prioritises patient care, safety and satisfaction through proprietary technology, specialist clinicians, experienced pharmacists and dedicated support staff.

SOURCE Mamedica

LONDON, Sept. 23, 2025 — Dalton^Tx, a UK-based technology company, today announces its exit from stealth and the completion of a £4 million seed financing round to build adaptive, AI-enabled discovery platforms that reshape the economics, timelines, and outcomes of R&D so breakthrough medicines reach patients faster.

AI offers pharma a unique opportunity to discover medicines more effectively and efficiently. However, building adaptive AI platforms requires years of investment in software engineering, coupled with deep understanding of the science and technology. Dalton^Tx solves this with a disease- and technology-agnostic adaptive platform that plugs directly into pharma, biotech, and CRO workflows, giving teams instant access to AI-enabled discovery instead of spending years developing these capabilities in-house.

Dalton^Tx is built by scientists for scientists, going beyond predictive modelling to power the full discovery process — from raw data and model training to molecular design, synthesis, and decision-making. Dalton^Tx isn’t just predictive — it’s adaptive, a reasoning engine that learns from every scientist, model, and experiment to continuously improve outcomes.

Born from decades of real-world experience, Dalton^Tx was co-founded by Dr Garry Pairaudeau, Adrian Rossall, Dr Anthony Bradley, and Professor Charlotte Deane MBE. Together, the team combines drug discovery, machine learning, and software engineering expertise, having built pioneering AI discovery platforms at AstraZeneca and Exscientia and bringing world-leading academic research from the University of Oxford.

‘AI offers an opportunity to transform drug discovery, but it is still incredibly challenging for organisations to build their own capabilities,’ said Dr Garry Pairaudeau, Co-Founder of Dalton^Tx. ‘Dalton^Tx exists to change that. We are solving high-impact challenges with adaptive AI-enabled systems that integrate into scientific workflows, evolve with every experiment, and give organisations lasting AI capability.’

Its platform is purpose-built for both small molecules and biologics, making it uniquely suited to support the most complex R&D pipelines. Furthermore, Dalton^Tx enables collaborative intelligence: scientists can interact with the system, combining their expertise with an engine that iterates and learns, combining human insight and machine learning work together.

‘At Dalton^Tx, we’re generating biological and chemical insight that was previously out of reach,’ said Professor Charlotte Deane MBE, Co-Founder of Dalton^Tx and Professor of Structural Bioinformatics at the University of Oxford. ‘By combining cutting-edge machine learning with deep drug discovery expertise, we are creating technology that learns with every experiment and helps scientists turn ideas into impact.’

With the seed funding from redalpine, IQ Capital Partners, and Seedcamp, and support from Oxford University Innovation, Dalton^Tx will redefine how technology can transform drug discovery.

‘Dalton^Tx is poised to become the intelligence backbone of drug discovery, providing scientific reasoning capabilities and deep integration into real drug discovery workflows. Led by a highly impressive team of industry experts, we believe the Dalton^Tx platform will soon be indispensable for every R&D organization across pharma, biotech, and CROs.” said Marc Moesser, Investment Manager at redalpine.

‘We are excited to back Dalton^Tx, a company poised to set a new standard in R&D execution. By combining world-class science with cutting-edge AI, the Dalton^Tx team is building the adaptive infrastructure that modern drug discovery needs,’ said Mason Sinclair, Principal, IQ Capital.

‘What impressed us most about Dalton^Tx is the strength and depth of the founding team. Their unique combination of drug discovery, machine learning, and software engineering expertise positions them to lead the next generation of AI in pharma. We’re proud to back a team with the vision and execution capability to transform how medicines are discovered,’ added Tom Wilson, Partner, Seedcamp.

Based in the heart of London’s tech and life sciences hub at King’s Cross, Dalton^Tx is positioned at the intersection of engineering, AI, and drug discovery. For more information, visit www.daltontx.com.

About Dalton^Tx

Dalton^Tx is redefining how technology powers drug discovery creating the intelligence engine behind tomorrow’s medicines. Our adaptive AI platform provides pharma, biotech, and CROs with the intelligence backbone that modern R&D can’t move forward without transforming the economics, timelines, and outcomes of discovery. Purpose-built for both small molecules and biologics, Dalton^Tx goes beyond predictive modelling to deliver a self-learning system that integrates seamlessly into scientific workflows and gets smarter with every experiment. Founded on research at the University of Oxford and built by experts in software engineering, machine learning, and drug discovery, Dalton^Tx combines world-class science and technology to help teams design, optimise, and deliver breakthrough medicines, faster. Find out more at www.daltontx.com.

About redalpine

redalpine is the pan-European venture capital firm that empowers GameChangers. Founded in Zurich in 2006, with offices in Berlin, London, and a presence in San Francisco, redalpine brings together financial investment, operational expertise, and a vast international network to help ambitious entrepreneurs transform their vision into a reality. redalpine has over $1bn in assets under management and has backed some of Europe’s most disruptive software and science companies, including N26, Taxfix, Mistral, Klarna, Proxima Fusion, 9fin, and Aktiia. With a multi-stage investment approach, redalpine invests Europe– wide and counts over 100 companies in its portfolio. Find out more at www.redalpine.com

About Seedcamp

Seedcamp partners with Europe’s most exceptional tech founders from Day One. Across their company-building journeys, founders and their teams get access to an unparalleled network, unfiltered advice, and unwavering support.

With almost two decades at the heart of Europe’s tech ecosystem, Seedcamp has earned a reputation for identifying and nurturing the continent’s most promising entrepreneurs with the grit and vision to reshape the future. The Seedcamp Nation now stands at 500+ companies strong and includes publicly listed UiPath and Wise, unicorns Revolut, Synthesia, Sorare, Pleo, wefox, and viz.ai, and a stable of fast-growing businesses across various sectors, such as Sylvera, Lindus Health, Yonder, 9fin and Maze. Find out more at www.seedcamp.com.

About IQ Capital

IQ Capital is a dedicated European deep tech venture capital firm, built on the conviction that frontier technology will underpin the next generation of globally significant companies. We back founders leveraging scientific breakthroughs to build enduring global businesses. We have invested in over 100 of Europe’s most ambitious deep tech teams across six funds since 2005. Find out more at www.iqcapital.vc.

About Oxford University Innovation

Oxford University Innovation (OUI) is the commercialisation arm of the University of Oxford. It works with researchers to create and develop intellectual property from the university’s world-leading research, licensing these innovations to companies and enabling the creation of spin-out businesses. OUI is dedicated to translating groundbreaking academic research into real-world applications that benefit society. Find out more at www.innovation.ox.ac.uk.

SOURCE DaltonTx

Vertical Harvest’s new flagship farm in Westbrook, Maine, demonstrates scale and efficiency: producing the equivalent of 250 acres of traditional farmland on just half an acre, using 95% less water, with the lowest energy consumption per pound of food. With partners Elevated Signals and Siemens advanced digital systems, Vertical Harvest built a replicable, scalable platform for sustainable food production in the Controlled Environment Agriculture (CEA) space.

“Traditional agriculture is at a breaking point,” said Supreet Manchanda, Founding Partner at Raiven Capital. “Vertical Harvest is reinventing not only how we grow food, but where and by whom. Their farms represent scalable infrastructure for the future, and we see powerful applications of such Climatech solutions across the Middle East and beyond.”

Without AI, CEA is labor and energy heavy making unit economics very shaky. AI shifts CEA closer to viable Climatech where resource use becomes highly efficient, margins improve radically, and scalability rises. Raiven treats AI + CEA as a bundle, as inseparable as in autonomous vehicles or drug discovery.

More than a technology story, Vertical Harvest embeds inclusive employment into their operating model. By creating tailored careers for underrepresented workers, including people with disabilities, the company turns high-tech farming into an engine of social mobility.

“Our farms don’t just grow food. They grow futures,” said Nona Yehia, CEO and Co-Founder of Vertical Harvest. “We are proving agriculture can be cutting-edge and fundamentally human-centered.”

“In much of the world, food security is national security,” added Paul Dugsin, Founding Partner at Raiven Capital. “Vertical Harvest is not just transforming agriculture; it is driving cultural and financial change by strengthening economies while building resilience.”

With Raiven Capital’s Dubai based innovation hub and global reach, Vertical Harvest is positioned to expand its model, delivering food sovereignty, economic inclusion, and climate resilience in smart cities worldwide.

About Vertical Harvest
Vertical Harvest designs, builds, and operates vertical farms, fusing controlled environment agriculture with inclusive employment and proprietary AI systems. Learn more at verticalharvestfarms.com.

About Raiven Capital
Raiven Capital is a global multi-fund venture platform investing in AI, IoT and Climatech. With hubs in Silicon Valley, Toronto and Dubai, Raiven backs bold founders reinventing industries.  Learn more at raivencapital.com.

SOURCE Raiven Capital

Already transforming litigation workflows at HSF Kramer, Goodwin Procter, and Addleshaw Goddard, the legal AI platform now flags contradictions live in depositions and hearings; since its pre-seed in 2024, the company has 20x its ARR and expanded its global partnership with Clifford Chance, among others

LONDON, Sept. 23, 2025 — wexler.ai, the AI platform for complex litigation, today announced a $5.3 million seed round led by Pear VC, with participation from Seedcamp, The LegalTech Fund, and pre-seed lead investors Myriad Venture Partners. The funding comes as the company launches Wexler Real-Time, a groundbreaking real-time legal fact-checking feature as part of its fact intelligence platform, already used by top global firms to build chronologies, query vast case materials, and surface key inconsistencies. The new capability flags false or inconsistent testimony as it’s spoken in depositions and hearings. The company also announced new global law firm customers including HSF Kramer, Goodwin Procter, and Addleshaw Goddard.

Since its pre-seed round in 2024, wexler.ai has grown its ARR by 20x and reduced manual review by at least 75%, helping leading law firms and corporate legal teams establish facts faster and with greater accuracy. Long-standing customer Clifford Chance has also embedded wexler.ai across its dispute resolution practice, and Burges Salmon has also adopted the platform to enhance its legal workflows.

“We’re replacing slow, manual, and error-prone litigation review with a system that thinks like a litigator but operates at machine scale and speed,” said Gregory Mostyn, co-founder and CEO of wexler.ai. “With our newest release, litigators can not only build a winning case strategy by mastering the evidence, but challenge inaccuracies as they happen in proceedings.”

“At Pear, we love to partner with highly ambitious founders who are tackling big problems with unique tech,” said Kathleen Estreich, Partner at Pear VC. “Greg and the wexler.ai team are building what’s quickly becoming essential infrastructure for litigation. They combine real-time fact-checking with workflows designed for how lawyers actually win cases, becoming essential for all litigators.”

“In complex disputes, establishing the facts is often challenging and time consuming,” said Charlie Morgan, Partner at HSF Kramer. “The wexler.ai platform is helping our teams do this more quickly and effectively, which in turn helps us improve case strategies, deliver more value and secure the best outcomes for our clients.”

Purpose-Built AI for Litigation
Unlike broad legal AI tools, wexler.ai is designed specifically to think like a litigator. The platform delivers verified, actionable facts with speed and scale, replacing slow and error-prone factual analysis with workflows built for case strategy. For example, tasks like building detailed chronologies that once took days can now be completed in about an hour.

“Litigation is one of the most complex and high-stakes areas of law, and wexler.ai is redefining how lawyers uncover and use facts,” said Tom Wilson, Partner at Seedcamp. “We believe Wexler’s team is building foundational technology that will change the economics of litigation, making legal teams faster, sharper, and ultimately more successful.”

The system extracts, analyzes, and verifies key factual information across massive case datasets, transforming raw data into usable work product. With the ability to process up to 500,000 documents per upload and support multilingual deployments, the technology enables global firms to handle the complexity of modern disputes with precision.

BigLaw Adoption & Multinational Expansion
Growing adoption across top-tier firms highlights the platform’s category-defining role in litigation. From AmLaw 50 leaders in the U.S. to multinational firms in London, and rapid growth in APAC, users report dramatic reductions in review time and stronger confidence in case strategy. Today, more than 70% of wexler.ai users are in the U.S., with rapid growth across the UK, Europe, Canada, and Australia.

“We like the accuracy and litigation-focused design of Wexler – it’s truly a product for litigators,” said David Hobbie, Director, Knowledge & Innovation at Goodwin. “Our lawyers have found it invaluable for early case assessment and thorough fact analysis, including identifying conflicting evidence. We look forward to continuing our partnership with Wexler as adoption spreads and as more fact-related features like the real-time fact checking function are released.”

The new funding will accelerate wexler.ai’s product development; increase the scale of documents to millions per upload, expand the engineering and commercial teams; support wexler.ai’s U.S. launch; and scale multilingual, region‑specific deployments to meet growing demand from top‑tier law firms and corporate teams. Built by privacy and security experts, wexler.ai employs user-specific encryption keys, data masking, and complies with SOC 2 Type II, ISO 27001, GDPR, and AWS Cloud Security standards.

Interested clients can request a demo at https://www.wexler.ai/request-a-demo.

To see more on how Wexler Real-Time works, check out the video here.

About wexler.ai
wexler.ai is transforming complex litigation with advanced AI workflows which find, analyse and verify the key factual information in each case. The platform is trusted by many of the world’s largest law firms and corporate legal teams to identify the winning information that could pivot the trajectory of each litigation. The new funding will be used to expand litigation workflows and accelerate growth across the U.S. and Europe. For more information, visit https://www.wexler.ai/.

Media Contact: [email protected] 

SOURCE wexler.ai

MegaChips, National Reconstruction Fund Corporation, Blackbird, Main Sequence, Uniseed, Ray Stata, Malcolm and Lucy Turnbull, Startmate and Institutional Investors Accelerate Global Expansion of Wi-Fi HaLow

SYDNEY and IRVINE, Calif., Sept. 22, 2025 — Morse Micro, the world’s leading provider of Wi-Fi HaLow silicon solutions, today announced the successful close of its Series C funding round, raising $59 million [$88 million AUD]. The round was led by MegaChips with participation from National Reconstruction Fund Corporation (NRFC), Blackbird, Main Sequence, Uniseed, Ray Stata, Malcolm and Lucy Turnbull, Startmate, and a number of institutional investors including Hostplus, NGS, UniSuper, bringing the company’s total funding to over $193 million [$290 million AUD] to date.

This fresh capital will accelerate Morse Micro’s expansion into international markets, scale production of its Wi-Fi HaLow chips, and support the ecosystem shift toward IoT 2.0, a new phase of the Internet of Things (IoT) characterized by high-throughput, long-range, and highly scalable connectivity for IoT devices.

“This funding is another strong vote of confidence in our mission to be the number one wireless IoT chip company in the world,” said Michael De Nil, CEO and co-founder of Morse Micro. “The future of IoT depends on connectivity that is long-range, power-efficient, secure and delivers on throughput, and that’s exactly where we’re leading. With this raise, we are accelerating our expansion and preparing for the next phase of our company’s growth.”

The funding comes at a time of significant momentum for Morse Micro and Australia’s semiconductor industry. This week the company is announcing the HaLowLink 2, its global, next-generation evaluation platform. Also this year, the company has launched a second generation System-on-Chip (SoC), expanded its ecosystem partnerships, delivered new reference designs, and achieved mass production with leading OEMs. These milestones underscore Morse Micro’s role in driving the global shift from proof-of-concept IoT to full-scale, industrial and consumer deployments.

“We are proud to continue our support for Morse Micro as it leads the global transition to IoT 2.0. For a number of years, we have worked in partnership with Morse Micro to increase production and sales of its flagship Wi-Fi HaLow products. This investment reflects our belief that the time for Wi-Fi HaLow is now,” said Tetsuo Hikawa, President and CEO of MegaChips Group. “Morse Micro is uniquely positioned to accelerate the adoption of next generation IoT solutions. We are confident this investment positions the team and technology for international leadership and future success on the public markets.”

“Morse Micro is Australia’s largest semiconductor manufacturer and a home-grown Australian success story. Wi-Fi was invented and patented by CSIRO scientists in 1993, and we are proud to be investing in an Australian company that is once again enabling next generation Wi-Fi connectivity for the rest of the world,” said National Reconstruction Fund Corporation CEO David Gall. “Morse Micro employs over 130 people in Australia, including employees in regional New South Wales, and our investment will diversify the Australian economy, strengthen the nation’s sovereign manufacturing capability, and build local expertise in semiconductor design and innovation.”

About Morse Micro

Morse Micro is the leading Wi-Fi HaLow fabless semiconductor company, revolutionizing IoT connectivity with award-winning technology. Headquartered in Sydney, with global offices in the United States, Taiwan, China, India, Japan and the United Kingdom, Morse Micro is driving the adoption of next-generation long-range, low-power Wi-Fi HaLow solutions. Its first generation MM6108 and newly launched MM8108 silicon deliver the fastest, smallest, lowest-power, and longest-range Wi-Fi HaLow connectivity on the market.

Morse Micro’s Wi-Fi HaLow technology is gaining unstoppable momentum globally, enabling connected devices to achieve ten times the range, covering 100 times the area of traditional Wi-Fi networks. This advancement is transforming IoT connectivity across various sectors, including smart homes, industrial automation, and smart cities.

SOURCE Morse Micro

Funding will fuel the growth of eWitness, Unit 221B’s invite-only platform that empowers threat hunters to disrupt online criminal gangs and speed up the investigative process

NEW YORK, Sept. 22, 2025 — Unit 221B, a threat disruption company that delivers actionable threat intelligence and cybersecurity solutions, announced today that it has raised $5 million in seed funding led by J2 Ventures, with participation from Pipeline Capital and other investors. Founded by veteran threat intelligence and technology experts, the company is building a new crime-fighting ecosystem that focuses on delivering real-world outcomes and moving investigations forward faster. eWitness is already trusted by over 50 Fortune 500 companies as well as international, federal, and local law enforcement agencies across the globe. The new capital will be used to expand platform capabilities by introducing tools and features that accelerate investigative collaboration and to move forward broader go-to-market efforts.

Cybercrime is growing due to the rapid expansion of the digital attack surface, the increased reliance on interconnected digital infrastructure, and advances in Artificial Intelligence (AI) that make attacks more sophisticated and easier to launch (Source: World Economic Forum). Online criminals are not solely focused on critical infrastructure, such as financial institutions, telecommunications, transportation, and logistics, but they’re exploiting everyday platforms like social media, online gaming, fintech tools, and delivery apps at an unprecedented speed and scale. 

“These companies not only face financial loss and the risk of real-world harm to their employees and users, but are now in the spotlight for regulatory actions, lawsuits, and reputational damage in a landscape that demands faster, more effective responses.” Said May Chen-Contino, CEO of Unit 221B. “Collective action has the power to change outcomes. We are uniting investigators across enterprises, law enforcement, and governments to create a safer online and offline world. The only way to disrupt these criminal networks is by working together.”

In 2024, enterprises faced record-breaking financial crime losses. The FBI’s IC3 logged 859,532 complaints totaling $16.6 billion in losses, a 33% increase from the prior year. Financial sextortion also rose to nearly 100 reports daily in 2024, while violent online group exploitation grew to more than 1,300 cases across the year, a 200% increase. In many cases, the same organized groups driving financial crime are also fueling a child safety crisis. Networks such as The Com (also known as Scattered Spider) and its subgroup 764 have become so prolific that the FBI now categorizes them as a Tier One terrorist threat, with 250 active investigations underway as of May 2025.

“Unit 221B is solving a real pain point that many cybersecurity vendors overlook or are unable to solve,” said Christine Keung, General Partner at J2 Ventures. “With experience in supporting federal prosecution, military cyber operations, Fortune 500 security teams and leadership, and world-renowned threat research, the Unit 221B team is uniquely equipped to expose and dismantle some of the most notorious online criminal groups. They support arrests and civil actions on behalf of global clients within the public and private sectors. They’re the missing puzzle piece in threat disruption and attribution. It’s a paradigm shift in this market, and we’re thrilled to support them.”

Its flagship technology, eWitness, is a proprietary threat intelligence platform designed to track criminal information and expose threat campaigns by bringing together a highly curated network of investigators, analysts, and researchers. At the heart of eWitness is human intelligence (HUMINT), which turns the most elusive form of intelligence into the sharpest tool for dismantling criminal ecosystems. This trusted community collectively sources high-signal threat intelligence and utilizes the platform’s capability to capture, manage, and store the data even if it’s removed from the original source. Access is invite-only, and all users are carefully vetted to ensure its intelligence remains trusted, high-quality, and impact-driven.

ABOUT UNIT 221B
Unit 221B is a threat disruption company that enables enterprises, law enforcement, and government agencies to investigate threat actors and dismantle criminal ecosystems. Founded by veteran threat intelligence experts frustrated by an industry where defenders are often at a disadvantage, Unit 221B operates with integrity and a focus on impactful outcomes. The company takes a proactive approach to advancing criminal investigations to create a safer digital and physical world. Unit 221B specializes in tracking threat actors operating across English-speaking countries, including the US, UK, Canada, Australia, New Zealand, and other allied regions. In addition, we support international enterprises and law enforcement agencies with tools and services purpose-built for high-stakes investigations and threat hunting for all types of cybercrime across the globe. For more information, visit https://www.unit221b.com/.

ABOUT J2 VENTURES

J2 Ventures is a $300M+ AUM deep-tech venture capital firm based in Boston, investing in sectors critical to national security and private sector advancements, including advanced computing, cybersecurity, telecom and infrastructure, and biomedical engineering. For more information about J2 Ventures and its initiatives, please visit https://www.j2vp.com/.

Press Contact:

[email protected] 

SOURCE Unit 221B

Founded by Stripe alumni, Circuit & Chisel has secured seed funding from Primary Venture Partners, ParaFi Capital, and Stripe to build technology that allows agents to seamlessly exchange payments across the internet

NEW YORK, Sept. 22, 2025 — Circuit & Chisel, an agentic commerce platform, today announced $19.2 million in seed funding to launch ATXP, a web-wide protocol that enables AI agents to handle the commerce life cycle – from discovery to payment – without human oversight.

The round was led by Primary Venture Partners and ParaFi Capital with additional participation from Stripe, Coinbase Ventures, Solana Ventures, Samsung Next, and Polygon Labs. A select group of angel investors also participated in the round, including Solana founders Anatoly Yakovenko and Raj Gokal; Edith Cooper, a board director at Amazon and PepsiCo; Rich Widmann, Global Head of Strategy for Web3 at Google Cloud; Michael Tannenbaum, CEO of Figure; and Arjun Sethi, Co-CEO at Kraken. Additionally, leaders across multiple industries are already excited about ATXP and its capabilities.

“At Cloudflare, we’re committed to building an open Internet, and that’s more important than ever as AI and agents take off,” said Matthew Prince, Co-founder and CEO of Cloudflare. “ATXP could be an important protocol to help ensure agent-initiated commerce is able to succeed in a secure and trusted way. As an early supporter of MCP and agentic AI, we support new protocols and innovation helping to further the agentic web.”

Founded by CEO Louis Amira, Stripe’s former Head of Crypto & AI Partnerships, and CTO David Noel-Romas, Stripe’s former Head of Crypto Engineering, Circuit & Chisel is building the foundational technologies that will enable agentic payments and movement around the web, compatible with up-and-coming standards like x402. ATXP, the company’s first release, will act as a worldwide protocol for AI agents to act autonomously and safely across the internet, in much the same way that Hypertext Transfer Protocol (HTTP) serves as the invisible backbone of modern day web browsing.

“We are on the cusp of a huge change in how the internet works,” said Louis Amira, co-founder and CEO of Circuit & Chisel. “We expect so much from AI agents in the coming years, but we don’t yet have the most fundamental technologies that will allow them to flourish within safe, agreed-upon constraints and protocols. We’re excited to connect some of the most important technology companies in the world to create those vital building blocks.”

“AI agents are increasingly navigating the web and transacting on our behalf and that requires an entirely new monetization infrastructure,” said Emily Man, Partner at Primary Venture Partners. “ATXP, enables instant, nested, delegated, and extremely low cost micropayments between AI agents, something that traditional payments rails can’t support.”

“Circuit & Chisel is building the core infrastructure for autonomous agent transactions, connecting agentic commerce, stablecoins, and payments into one protocol,” said Ben Forman, Founder and Managing Partner at ParaFi Capital. “This technology has the potential to expand agent capabilities entirely and fuel the next wave of growth in the digital economy.”

The launch of ATXP will position Circuit & Chisel as the orchestrator of a new class of commerce, where transactions are initiated, negotiated, and executed entirely by intelligent agents. This will help streamline current workflows, enabling businesses to operate faster and more efficiently than ever before and kickstarting a generation of revenue-generating autonomous agents.

About Circuit & Chisel
Circuit & Chisel is an agentic AI payments startup building the infrastructure to power transactions between intelligent agents. Backed by Primary VC, ParaFi Capital, and Stripe, Circuit & Chisel is developing ATXP, a new standard for agent-to-agent payments that supports real-time decision-making, nested transactions, and autonomous tool discovery. The company was founded by former Stripe and Google leaders with deep expertise in AI, crypto, and financial systems. Circuit & Chisel is enabling a future where AI can transact, discover, and operate independently, unlocking new efficiencies for businesses and accelerating the next wave of AI innovation. To learn more about Circuit & Chisel, please visit https://circuitandchisel.com/.

Media Contact:
[email protected]

SOURCE Circuit & Chisel

SAN FRANCISCO and NEWPORT BEACH, Calif., Sept. 22, 2025 — Carrick Capital Partners, a growth-oriented investment firm focused on software and software-enabled businesses, today announced a majority investment in Intelligo, a leading provider of pre-investment and pre-engagement background checks and continuous subject monitoring that drive compliance with AML, KYC, and other regulations. Carrick’s investment includes a significant capital infusion to accelerate product innovation, expand go-to-market efforts, and pursue strategic opportunities. AB Private Credit Investors, a middle market private capital platform of AllianceBernstein and an Intelligo client, is participating as a co-investor. Trinity Capital, also an Intelligo client, will provide a debt facility.

Intelligo delivers high-accuracy reports and a continuous subject monitoring solution that are relied upon by the world’s leading alternative asset managers, investment banks, wealth managers, investing firms, and other institutions for high-stakes investment and client engagement decisions. The Company’s offering is differentiated through its unique coupling of human research expertise with a technology core, which includes deterministic, patent-protected entity resolution paired with more than one hundred proprietary, source-specific AI models to maximize coverage and speed while maintaining audit-ready transparency. Customers also benefit from a best-in-class client portal, through which Intelligo’s continuous subject monitoring is delivered.

“We’ve invested years and significant capital to build a foundation that leverages AI for a verifiable signal – not more noise. The outcome is speed and results that are defensible through findings linked to provenance, timestamps, and human expertise,” explained Ed Montes, CEO of Intelligo. “Carrick has extensive experience scaling technology-enabled services businesses, including previous successful investments in the risk and compliance sector. This market knowledge along with Carrick’s operational expertise and network will help us better serve existing and new clients and become the preeminent provider in our industry.”

“It is rare to come across a company that makes you think ‘this is the future’ from the perspectives of both what is being delivered to customers and how it is being delivered. After meeting Ed and his team and speaking with their clients, it became obvious that Intelligo is both of those futures in this market,” said Ivan Whittey, Director at Carrick Capital Partners. “Intelligo has balanced focusing on technology and product while not losing sight of the irreplaceable value of human expertise for an offering where precision and reliability are non-negotiables for clients. As long-term market participants and users of these services, we are thrilled to partner with Intelligo because it offers a best-in-class user experience for reports and continuous monitoring – bar none,” added Marc McMorris, Co-CEO of Carrick Capital Partners.

About Intelligo
Intelligo is a leading risk intelligence platform that blends patent‑protected deterministic entity resolution with AI and expert human analysis to deliver a 360° view of people and companies. Specialties include pre‑investment and pre‑engagement background checks, continuous subject monitoring, and executive diligence—so institutions can uncover facts, assess risk, and make informed decisions with confidence. Our approach is patent‑protected for a complete‑list–style method of matching people and companies to the correct real‑world identity, reducing duplicates and false positives and improving decision quality. Learn more at www.intelligo.ai.

About Carrick Capital Partners
Headquartered in San Francisco and Newport Beach, Carrick Capital Partners is a growth-oriented investment firm that utilizes ABV (Approach to Building Value) to operationally scale fast-growing, software-enabled businesses. Carrick adds value by taking a concentrated approach and dedicating significant resources post-investment. Leveraging decades of experience, Carrick helps scale great companies to maximize returns for investors, stimulate economic growth, and positively impact the industry landscape. Working directly with CEOs and entrepreneurs, Carrick addresses a vital need for investment capital and growth expertise. For more information, please visit www.carrickcapitalpartners.com.

Contact: Machie Madden
[email protected]
917.868.2358

SOURCE Carrick Capital Partners

New funding will support AppZen’s innovative Mastermind AI Studio with AI Agents, and accelerate go-to-market growth globally 

SAN JOSE, Calif., Sept. 22, 2025 — AppZen, the leading Agentic AI platform for finance teams, announced it raised $180 million in growth funding. This round was led by Riverwood Capital, one of the leading investment firms solely dedicated to technology growth and scalability. 

AppZen is the AI-native platform for autonomous finance. Powered by proprietary ZenLM models and the Mastermind AI Automation Platform, AppZen’s domain-trained AI Agents streamline end-to-end workflows across T&E, accounts payable, and corporate card programs, transforming finance teams. More than 500 global enterprises, including over 65 of the Fortune 500, rely on AppZen to automate transaction processing and reduce costs, delivering over $2 billion in savings and enabling finance teams to reallocate up to two-thirds of their manual workload to higher-value activities.

The Series D fundraise allows AppZen to further accelerate the adoption of agentic AI at the enterprise, converting standard operating procedures into configurable, production-ready, digital coworkers, enabling CFOs and controllers to replace over 50% of manual work and scale operations without additional headcount or BPO.

“We’re thrilled to welcome Riverwood Capital as a partner in our mission to bring agentic AI to every finance team,” said Anant Kale, Co-founder & CEO at AppZen. “Riverwood’s scale-up expertise and global network will help us accelerate the deployment of Mastermind AI Agents, so finance workflows can run on autopilot. With many of the world’s largest companies already on AppZen, demand for autonomous finance has never been higher. Together with Riverwood Capital, we’ll meet that customer need at scale and realize the full opportunity to reimagine how CFOs run finance.”

Enterprises face mounting pressure to cut costs, fight fraud, and manage compliance across complex global operations. To solve this growing problem, they’re adopting artificial intelligence at an accelerated rate. According to Fortune, the global AI market is projected to grow from over $290 billion in 2025 to $1.7 trillion by 2032. Gartner analysis further estimates that 33% of enterprise software applications will have embedded agentic AI by 2028. As part of these organizations, finance is poised for a major transformation from process automation to autonomous decision-making with agentic applications. AppZen is leading the way with agentic technology that helps finance teams eliminate manual review, reduce spend leakage, and ensure regulatory compliance.

“AppZen is at the forefront of a massive shift in how global enterprises leverage AI and automation to drive efficiency and scale their operations,” said Francisco Alvarez-Demalde, Co-Founder and Managing Partner at Riverwood Capital. “We are excited to partner with Anant and his exceptional team, whose vision and execution have made AppZen the category leader in autonomous finance for the enterprise and positioned the company to transform how businesses manage, audit, decide, and run expenses and payables.” Francisco Alvarez-Demalde and Riverwood Capital Partner Alex Porto have joined AppZen’s Board of Directors.

AppZen’s models power deep semantic understanding across 40+ languages and 60+ countries. Its platform supports multi-entity and multi-currency operations, helping some of the world’s most complex and highly regulated enterprises to cut fraud-related losses on an international level, while achieving major efficiency and cost savings.

“AppZen’s impact at Airbus was immediate,” said Waqas Aman, Head of Financial Systems North America, Airbus. “It significantly reduced the workload for our T&E analysts, allowing them to focus on more strategic activities. The platform helped us identify ambiguities in our T&E policies and eliminate inconsistent micro-policies throughout the company.” 

The Mastermind AI Studio, the latest addition to AppZen’s Mastermind AI Automation Platform, will allow teams to quickly modernize their standard operating procedures into AI Agents without coding, IT resources, or specialized training. By utilizing the new platform, customers can deploy AI Agents as digital workers, reducing headcount costs, speeding up processing times, and meeting demanding compliance needs.

J.P. Morgan acted as the sole placement agent to AppZen on the transaction.

About AppZen

AppZen is the leader in autonomous finance operations, providing enterprise-grade, agentic AI for finance teams at Fortune 500 corporations and global companies such as Amazon, Boeing, Salesforce, Novartis, and JPMorgan Chase. AppZen’s customers rely on its finance AI to help transform their finance processing of T&E, corporate card, and accounts payable transactions into autonomous finance operations. AppZen processes millions of transactions globally, delivering unprecedented efficiency, accuracy, and compliance for its customers. For more: visit www.appzen.com

About Riverwood Capital

Riverwood Capital invests in high-growth companies in the technology and technology-enabled industries. Riverwood offers a unique combination of operational, strategic, technology, and financial insight to portfolio companies that typically need growth capital and expertise to scale on a global basis. The firm seeks to invest in established businesses with a proven technology and business model, and the proper fit in terms of culture and values. Riverwood was founded in 2008 and has had the opportunity to invest in and support over 85 companies since inception, which have grown revenues at ~35% per year on average during that period. The Firm has offices in Menlo Park, CA, Miami, FL, New York, NY, and São Paulo, Brazil. For more: visit www.riverwoodcapital.com

Media Contact

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Pitch Public Relations 

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References

www.fortunebusinessinsights.com/industry-reports/artificial-intelligence-market-100114 

SOURCE AppZen