Metriport Raises $26 million to Give Clinicians Insight into Any Patient Question at the Point of Care

The company turns scattered, fragmented patient records into structured information that gives clinicians what they need, exactly when they need it, to provide the best possible care.

SAN FRANCISCO, Aug. 27, 2026Metriport has raised $26 million in new funding to give clinicians a secure, comprehensive picture of their patients’ health history and what’s most relevant in the moment, right at the point of care. The round, led by TJ Parker, general partner at Matrix, with participation from ARTIS and Y Combinator, brings the company’s total funding to $28.4 million and supports the expansion of Metriport’s open-source data infrastructure platform, which is currently used by leading healthcare organizations like Amazon One Medical, Sollis Health, and Color Health.

Parker said, “I see dozens of consumer health companies every year, and the best ones are increasingly working with Metriport. This team pairs exceptional technical execution with an exceptional level of customer service and compliance rigor that’s built into how they do business. It sets them apart from the rest of the field.”

The infrastructure to give care teams structured, comprehensive patient records has lagged far behind both medical advancements and what other industries have already made technically possible — continuing to rely on faxes and forms. Today, healthcare providers attempt to get a full picture of their patients’ health history by pulling records in bespoke formats from disparate sources and submitting record requests to external facilities — a process that can take weeks in most cases. Often, they’ll end up relying largely on the patient’s best attempt to recall their medical history. The result is wasted administrative time, higher costs from duplicate tests and repeated specialist visits, diagnoses based on incomplete information, and delayed treatment for the patient.

For years, that was mostly an access problem: hospitals, pharmacies, and specialists weren’t connected to each other, and pulling together information meant manually chasing down records from everywhere a patient had been seen. Regulation is closing that gap as healthcare organizations are increasingly required to make patient information accessible and interoperable. However, this only solves part of the problem. Handing care teams a pile of information still requires a data science team to make it usable and surface relevant information.

That’s the gap Metriport was built to close. It handles both halves of that problem, pulling the data together and surfacing exactly the information the clinician needs, without requiring a data science background to get there. At Sollis Health, for example, physicians use Metriport to quickly pull up complete patient records and surface insights that weren’t previously available.

“As an independently operating medical facility, we didn’t have access to all of the patients’ outside records, whether they be in the hospital or outpatient medical provider networks. That meant repeating tests we couldn’t confirm had already been done, or sometimes sending a patient to the hospital simply because we didn’t have their history in front of us,” said Dr. Scott Braunstein, Chief Medical Officer at Sollis Health. “For example, we had a patient come in with upper abdominal pain who remembered having an endoscopy years earlier, but couldn’t recall the findings or which doctor had done it. Through Metriport, we found the exact operative report, showing an early ulcer. We were able to start treatment immediately, without ordering a new CT scan or waiting on records that might never have arrived in time. Having that kind of access, and being able to search it directly, has completely changed the level of care we’re able to provide.”

Metriport has the advantage of learning from earlier approaches to healthcare interoperability, while building on the most current data infrastructure available. The company manages dozens of connections to all major healthcare data sources, and applies its open-source system to match, extract, standardize, deduplicate, and enrich records. Regardless of their original structure, records are converted into a unified data model, and accessible through a single API, data warehouse, or through apps directly within an EHR. Providers are alerted in real-time as patients move through the healthcare system, and are armed with insights on top of the data, like AI medical record summarization, to drive the best possible outcomes. Its open-source approach, rigorous security standards, and proven track record give customers confidence that Metriport can support a seamless experience for providers and patients.

COO and co-founder Colin Elsinga added, “Relevant, and usable, data from longitudinal patient records is the foundation that all downstream processes and technologies, including AI, are built on. We created Metriport with open source code because the decisions around how patient information is managed and transformed are too important to trust to a black box.”

As usage of health information exchange continues to grow, Metriport remains thorough in vetting every prospective customer. “We do deep diligence on every organization that wants to access the healthcare exchange data networks via Metriport. We thoroughly investigate the company, conduct a comprehensive vetting process, and pay attention to who’s actually in the room during onboarding calls,” said Matt Davis-Ratner, Metriport’s in-house General Counsel. “We built this level of scrutiny into our process from the beginning, because healthcare data demands the highest level of protection.”

Metriport recently achieved HITRUST r2 Certification. It plans to use the new funding to scale its platform and expand its AI/machine learning and agentic capabilities while continuing its focus on engineering rigor and customer value.

“If you’ve been lucky enough to have a great healthcare experience in the past few years, there’s a good chance Metriport helped make it happen,” said Dima Goncharov, CEO and co-founder. “People should expect better from the healthcare system. If a provider is making decisions without your full health history, it should be fair to ask why. Metriport invites consumers, clinicians, and innovators to raise their expectations and build a version of healthcare where everyone starts with the full context.”

About Metriport
Metriport is open-source healthcare data infrastructure for next generation care delivery that gets real-time patient context from every source that matters, and transforms it into relevant intelligence for care teams and their AI agents. Founded in 2022, Metriport has raised $28.4 million to date from investors including Matrix, ARTIS, and Y Combinator. Learn more at metriport.com.

Media Contact: Jacqui Miller, [email protected], ‪(617) 500-7441‬‬

SOURCE Metriport

HAM Launches Hedgeye Hedged Bitcoin ETF (HBIT) to Help Manage Bitcoin Volatility

New actively managed ETF combines bitcoin exposure with a dynamic options strategy driven by Hedgeye’s proprietary Risk Range™ Signals.

STAMFORD, Conn., Aug. 27, 2026Hedgeye Asset Management, LLC (“HAM”), a subsidiary of Hedgeye Risk Management, LLC, today announced the launch of the Hedgeye Hedged Bitcoin ETF (NYSE: HBIT), an actively managed ETF designed for investors seeking bitcoin exposure with a focus on reducing volatility and managing downside risk.

HBIT seeks long-term capital appreciation by investing primarily in U.S.-listed spot bitcoin exchange-traded products, including the iShares® Bitcoin Trust ETF (IBIT). The Fund does not invest directly in bitcoin.

To manage risk around that exposure, HBIT uses an actively managed options strategy driven primarily by Hedgeye’s proprietary Risk Range™ Signals. The Fund can adjust its options positioning as frequently as daily as market conditions change.

Bitcoin Exposure With a Risk-Management Process

Bitcoin has historically delivered significant long-term appreciation, but that opportunity has historically come with substantial volatility and deep drawdowns.

As of August 26, 2026, bitcoin traded near $78,000, approximately 38% below its October 2025 high of roughly $126,000.

HBIT is designed for investors who want bitcoin exposure but do not necessarily want to own all of bitcoin‘s volatility.

Unlike strategies built around a fixed outcome period or predetermined upside cap, HBIT’s hedging approach can adapt as market conditions change. The Fund does not target a defined outcome, does not maintain a stated upside cap and is not tied to a fixed twelve-month investment period.

A Dynamic Approach to Managing Volatility

HBIT purchases and writes put and call options at strike prices determined primarily by Hedgeye’s Risk Range™ Signals. Premiums received from writing options can help offset the cost of purchasing protection.

Rather than maintaining a static hedge, the Fund can change its positioning as frequently as daily based on factors including changes in Hedgeye’s Risk Ranges, bitcoin price trends, market and implied volatility, liquidity conditions and other market factors.

The objective is straightforward: participate in bitcoin‘s long-term return potential while using a disciplined, rules-based process designed to reduce volatility and manage downside risk.

Quotes From Leadership

“Nearly half of all the bitcoin in existence is currently worth less than what somebody paid for it,” said Hedgeye Founder & CEO Keith McCullough. “That is not a bitcoin problem. That is a risk management problem. I built the Risk Range™ Signals when I was running a hedge fund, and we have spent the eighteen years since refining them across every asset class we cover. HBIT aims to apply that same discipline to one of the most volatile major assets investors can own.”

“Investors have largely been asked to accept bitcoin‘s volatility as the price of admission,” said John S. McNamara III, Chief Investment Officer of Hedgeye Asset Management and portfolio manager of HBIT. “HBIT is designed for investors who want the exposure without the full amplitude. The Risk Ranges help determine where we want to buy protection and where we may want to sell upside, and we can adjust that positioning as market conditions change rather than committing to a fixed outcome for the next twelve months.”

“The signals behind this Fund are not a black box,” McCullough added. “They are published every morning before the open. Same process, same inputs, every day. That is the whole point.”

About the Portfolio Manager

John S. McNamara III is Chief Investment Officer of Hedgeye Asset Management. He most recently served as Portfolio Manager at Sierpinski Capital Management LP and became Chief Investment Officer of HAM when Sierpinski and Hedgeye partnered to launch the firm.

Prior to HAM and Sierpinski, McNamara held portfolio management and trading roles at MSK Capital Partners and Melchior/Dalton Strategic Partnership, where he frequently utilized Hedgeye research. He began his career in the Equities division of Deutsche Bank Securities across Research and Sales & Trading.

McNamara graduated from Michigan State University in 2013 with a B.A. in Finance & Economics.

For more information on Hedgeye Asset Management or HBIT, please email [email protected], visit hedgeyeam.com, or follow HAM on X at @HedgeyeAM.

Definitions

Risk Range™ Signals: Risk Range™ Signals are proprietary signals developed by Hedgeye Risk Management, LLC that suggest market entry and exit points for investable assets. The model uses the rate of change of price, volume and volatility to calculate a probable immediate-term trading range for a given asset.

Drawdown: A drawdown is the measurement of a decline in the value of an asset or portfolio from a peak to a subsequent trough, in percentage terms.

Implied Volatility: Implied volatility is the market’s expectation of the future volatility of an asset, derived from the prices of options on that asset. It is an input into option pricing and is not a forecast of direction.

Reference ETP: An exchange-traded fund or exchange-traded product that provides exposure to, replicates the performance of, or has trading and/or price performance characteristics similar to bitcoin, including the iShares® Bitcoin Trust ETF (IBIT).

Bitcoin: A digital asset created, transferred, used and stored by participants in an online, peer-to-peer network known as the Bitcoin Network. The total supply of bitcoin is limited to 21 million coins as established by the Bitcoin Protocol. The value of bitcoin is not backed by any government, corporation or other centralized authority.

Important Information

Before investing in the Fund, the investment objective, risks, charges and expenses must be considered carefully. The statutory prospectus contains this and other important information about the Fund. Copies may be obtained by visiting www.hedgeyeam.com/HBIT or calling +1 (888) 711-8292. Read it carefully before investing. 

Investing involves risks including the risk of principal loss. The Adviser is newly formed and has limited experience managing an ETF. Accordingly, investors in the Fund bear the risk that the Adviser’s inexperience may limit its effectiveness.

The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

Market data and statistics referenced herein are as of the dates indicated, are obtained from sources believed to be reliable, and are provided for informational purposes only. Such information does not constitute a forecast, projection or recommendation, does not reflect the performance of the Fund, and should not be relied upon as an indication of future market conditions or Fund results. Past market conditions are not indicative of future results.

Investing in the Fund is not equivalent to investing in bitcoin. The Fund does not invest directly in bitcoin or any other digital asset, and the Fund’s performance will differ from that of bitcoin. The Fund’s options contracts will limit the Fund’s participation in any gains in the price of the Reference Asset and may not offset all losses related to any decreases in value experienced by the Reference Asset. There is no assurance that the Fund’s hedging techniques will be effective, and such techniques involve costs that may reduce gains or result in losses.

Bitcoin and Digital Asset Risk. The trading prices of many digital assets, including bitcoin, have experienced extreme volatility in recent periods and may continue to do so. Extreme volatility in the future, including further declines in the trading price of bitcoin, could have a material adverse effect on the value of the Shares, and the Shares could lose all or substantially all of their value. Digital assets represent a new and rapidly evolving industry, and the value of the Shares depends on the acceptance of bitcoin. Bitcoin and the bitcoin market are subject to extensive and evolving regulation, and changes in laws, regulations, regulatory interpretations, enforcement priorities or judicial decisions may adversely affect the value of bitcoin and, consequently, the value of the Fund’s Shares.

Options Risk. The use of options involves investment strategies and risks different from those associated with ordinary portfolio securities transactions and depends on the ability of the Fund’s portfolio managers to forecast market movements correctly. The prices of options are volatile. There is no assurance that the Fund will be able to effect closing transactions at any particular time or at an acceptable price, and there may at times not be a liquid secondary market for certain options.

Cyber Security Risk. The Fund is susceptible to operational risks through breaches in cyber security. A breach in cyber security refers to both intentional and unintentional events that may cause the Fund to lose proprietary information, suffer data corruption or lose operational capacity.

Digital Assets/Cryptocurrency Risk. The performance of the Reference Asset, and consequently the Fund’s performance, is subject to the risks of the digital-assets/cryptocurrency industry. The trading prices of many digital assets, including the Reference Asset, have experienced extreme volatility in recent periods and may continue to do so. Extreme volatility in the future, including further declines in the trading prices of the Reference Asset, could have a material adverse effect on the value of the Fund’s shares and the Shares could lose all or substantially all of their value.

FLEX Options Risk. FLEX Options held by the Fund will be exercisable at the strike price only on their expiration date. FLEX Options are listed on an exchange; however, it is not guaranteed that a liquid secondary trading market will exist. In the event that trading in the FLEX Options is limited or absent, the value of the FLEX Options may decrease.

Key Man Risk. Hedgeye Risk Management’s ability to publish Risk Range™ Signals daily, which are a critical input to the Fund, is heavily dependent on the manual activities of a single individual. In that individual’s absence, the Risk Range™ Signals will be published by another individual using a formula that incorporates the same factors but is not identical. If that individual were to leave Hedgeye Risk Management or become unable to calculate the Risk Range™ Signals, the Signals may not function as designed and may adversely impact the Fund.

Risk Range™ Signal Publication Risk. The Risk Range™ Signals are made available daily by Hedgeye Risk Management to other subscribers, including both retail and institutional investors. The Adviser receives the Risk Range™ Signals at the same time as all other subscribers. As a result, subscribers may be able to act on the daily Risk Range™ Signals ahead of the Fund.

Non-Diversification and Concentration Risk. The Fund is non-diversified, which means that it may invest a greater percentage of its assets in a particular issuer than a diversified fund. Non-diversification increases the risk that the value of the Fund could go down because of the poor performance of a single investment or limited number of investments. The Fund will be concentrated in the industry or group of industries assigned to bitcoin and the Reference ETPs.

Transaction Cost and Cash Redemption Risk. Because the Fund turns over its option positions weekly or more frequently, it will incur high transaction costs, which may affect the Fund’s performance and may result in higher taxes when Shares are held in a taxable account. The Fund may be required to sell or unwind portfolio investments to obtain the cash needed to distribute redemption proceeds, which may cause it to incur brokerage costs and to recognize capital gains it might not have recognized had it made a redemption in-kind.

ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange on which they trade, which may impact an ETF’s ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.

For additional information about these and other fund risks, please refer to the “Principal Investment Risks” section of the prospectus.

Neither the Fund nor the Adviser is affiliated with the iShares® Bitcoin Trust ETF or any other Reference ETP. Hedgeye Asset Management, LLC is a separate legal entity from Hedgeye Risk Management, LLC. All HAM asset management services are made independently by portfolio managers at HAM and, as such, funds may vary from HRM research.

The Distributor is Foreside Fund Services, LLC.

SOURCE Hedgeye Asset Management

DreamStart Labs Announces CEO Transition

Co-founder and CEO Henrik Esbensen transitions from CEO role effective August 25, 2026; Adrian Merryman to serve as Interim CEO

SAN DIEGO, Aug. 27, 2026 — DreamStart Labs a social impact fintech building digital solutions that strengthen financial resilience by digitizing Savings Groups and connecting them to the broader financial ecosystem, today announced that co-founder and CEO Henrik Esbensen will no longer serve as CEO of DreamStart Lab, effective August 25, 2026.

Henrik co-founded DreamStart Labs in 2016 alongside Wes Wasson, with a vision of using technology to help people in underserved communities pursue a better financial future.

Over the past decade, that vision has grown into a global technology platform serving 48,000 Savings Groups and working with more than 80 institutions. Henrik has played a central role in the development of DreamStart Labs’ product ecosystem, including DreamSave, DreamInsights and DreamLink, as well as in building the partnerships and team that have supported the company’s growth.

“Henrik’s vision and leadership have been foundational to DreamStart Labs and to the work we do today,” said Adrian Merryman, Chairman of DreamStart Labs. “We are deeply grateful for his contribution to building a technology platform that helps Savings Groups become more visible, strengthen their financial histories and connect to new opportunities within the financial ecosystem.”

Following Henrik’s departure as CEO, Adrian Merryman will serve as Interim CEO, providing leadership and continuity during the transition.  Henrik will remain with DreamStart Labs as CEO Advisor through September 30 to support the transition.

For customers, partners and Savings Groups using DSL’s products, day-to-day operations will continue as usual. DreamSave, DreamInsights and DreamLink will continue to support the organizations and communities they serve.

About DreamStart Labs

DreamStart Labs is a social impact fintech building digital solutions that strengthen financial resilience for underserved communities around the world. The company’s award-winning product ecosystem — DreamSave, DreamInsights, and DreamLink — helps informal savings groups digitize their operations, build credit histories, and access financial opportunities previously out of reach. DreamStart Labs is recognized among the top innovators advancing financial inclusion for more than 3 billion underserved people worldwide. Learn more at dreamstartlabs.com

SOURCE DreamStart Labs

Yardstik Raises $30M in Series B to Tackle the Post-Hire Blind Spots and Workforce Fraud

The funding brings the platform’s total capital raised to $65M and will deliver new fraud prevention, continuous monitoring and credential management capabilities

MINNEAPOLIS, Aug. 27, 2026Yardstik, the Human Trust Platform for employers, today announced $30 million in new funding, led by Harbert Growth Partners, bringing its total capital raised to $65 million. Yardstik’s existing investors, Rally Ventures, MissionOG, Crosslink Capital, Grotech Ventures, and Great North Ventures all participated in this round. Yardstik will use the capital to accelerate the development of new fraud prevention defenses and monitoring technology, including motor vehicle reports and OIG exclusion monitoring, and automated alerts that notify employers when a worker’s license, insurance or certification expires.

The typical occupational fraud scheme lasts 12 months before detection, with 43% of cases uncovered through a tip, according to a 2026 report from the Association of Certified Fraud Examiners. Traditional background screening typically happens only at the time of hire, leaving organizations with limited visibility into risks that emerge throughout a worker’s tenure. Yardstik is closing that gap by combining fraud detection, background screening and ongoing monitoring across the entire workforce lifecycle. Its platform helps organizations surface risk signals earlier and identify relevant changes after someone has been hired.

“The legacy background check industry was built around a single moment in time, even though workforce risk changes every day,” said Andrew Johnson, CEO of Yardstik. “This investment allows us to move faster toward our goal of equalizing access to modern workforce protection. Fraud signals before a check runs, monitoring after someone is hired and real-time credential visibility should not be premium add-ons. They should be the foundation of every trust program.”

The company recently released new Fraud Insights and Continuous Monitoring features, making it the standard for every customer at no additional cost. Fraud Insights provides a live view of aggregate fraud risk signals across a workforce, while Continuous Monitoring automatically enrolls screened workers in post-hire monitoring, reducing manual rechecks and missed windows. Together, the capabilities provide layered protection before hiring and throughout a worker’s employment.

“If a motor vehicle report comes back with something disqualifying, we don’t wait for the next renewal cycle to find out,” Johnson said. “If a license lapses the day after someone’s hired, an employer should know that day, not at the next annual review. That’s the difference between a photograph and a live feed.”

“Yardstik’s growth shows employers want a way to manage risk that doesn’t stop the day someone’s hired,” said Brian Carney, General Partner of Harbert Growth Partners. “Its 98% account retention rate over the past three years shows that customers continue to see value in the layered protection they provide beyond the background checks at hire. We are excited to support Andrew and the team as they continue to expand the platform.”

The funding follows the company’s 149% YoY revenue growth and a 99.4% customer satisfaction rating. Yardstik partners with organizations across gig marketplaces, staffing, healthcare, transportation and logistics, childcare and other industries, with customers including, Gopuff, Liveops, Sharetown, Task Rabbit, and HUNGRY. The company was also recently named No. 861 (top 17%) on the 2026 Inc. 5000 list of America’s fastest-growing private companies.

“Background screening remains a crucial part of our hiring process, but the risks employers face evolved significantly over the past decade,” said Nic DeHaan, SR Director of Agent Experience at Liveops. “Yardstik has helped us take a more proactive approach to identifying fake identities and credentials. It has helped us recognize and prevent a significant number of bad actors trying to exploit our hiring process. Their technology gives us greater confidence that the people joining our platform are who they claim to be.”

Yardstik can be used directly or through pre-built integrations with ATS and HR platforms including Greenhouse, Lever, Workable, Fountain, Bullhorn, Avionte and Paylocity, allowing screening and ongoing monitoring to operate within employers’ existing workflows. Its API-first infrastructure also enables gig marketplaces and technology platforms to embed and white-label Yardstik’s fraud prevention, identity verification, screening and monitoring capabilities within their own products and brands.

To learn more about Yardstik or request a demo, visit yardstik.com.

About Yardstik
Yardstik is a Human Trust Platform built to help organizations move beyond one-time background checks toward a continuous and transparent workforce lifecycle. Founded in 2020 and headquartered in Minneapolis, MN, Yardstik combines fraud prevention and background verification into a single, cost-efficient platform used by customers including HR Block and Gopuff. Yardstik operates in compliance with the Fair Credit Reporting Act (FCRA), providing full transparency to the individuals it monitors.

Media Contact
[email protected] 

SOURCE Yardstik, Inc.

SMBC Asia Rising Fund and Singtel Innov8 Back fileAI as Enterprise AI Adoption Accelerates Across Asia

Investment supports fileAI’s expansion in Japan and the launch of fileScout, fileAI’s proprietary unstructured data mapping & harnessing solution.

SINGAPORE, Aug. 27, 2026 — As artificial intelligence moves from experimentation into the core workflows of major enterprises, Asia is producing its own generation of enterprise AI companies built to address the region’s most complex operational challenges.

fileAI, the enterprise intelligence company behind fileForge, has today announced investment from SMBC Asia Rising Fund, the corporate venture capital fund of SMBC, and Singtel Innov8, the corporate venture capital arm of Singtel Group.

More than a financing milestone, the investment underscores the inevitable advance of AI into the systems and processes that run large organisations, from finance and compliance to operations, procurement, and customer onboarding. It also strengthens fileAI’s position as a homegrown Asian contender in the emerging global enterprise AI market.

The capital will support fileAI’s expansion in Japan and deepen its investment in financial services capabilities as it scales its AI-native platform for enterprises managing complex, high-volume file and data workflows—while further connecting fileAI with some of Asia’s most influential corporate ecosystems.

The announcement coincides with the debut of fileScout, fileAI’s AI-native unstructured data mapping solution, which sharply cuts token costs when wrangling unstructured enterprise data. Combined with agentified data capture, validation, matching, and reconciliation, it publishes clean, verified, audit-ready records directly into the systems that run modern organisations.

Building Momentum in Japan and Financial Services

The investment from SMBC Asia Rising Fund follows fileAI’s June 2026 partnership with JRE Ventures, the corporate venture capital arm supporting the JR East Group. That partnership established the foundation for fileAI’s presence in Japan and its work applying governed AI agents to the digitisation and structuring of legacy contracts and operational documents.

The new investment extends that momentum, supporting fileAI’s plans to build a local Japan team across sales, engineering, and customer success, while deepening relationships with enterprises navigating the transition from AI pilots to AI-powered production workflows.

With SMBC Asia Rising Fund contributing a deep network across banking and large regulated enterprises, the investment reflects growing confidence in fileAI’s ability to bring governed AI into complex, high-stakes business environments.

In banking and financial services, these applications extend from statement and covenant extraction to KYC and onboarding checks, reconciliation, and regulatory reporting across large, multi-entity organisations.

As AI increasingly becomes embedded within enterprise infrastructure, fileAI is building the intelligence layer required to transform fragmented documents and unstructured data into governed, dependable workflows, designed in Asia for enterprises across the region and globally.

Leadership Perspectives

“AI will become an operating layer for every major enterprise, but that future cannot be built on fragmented data, unreliable outputs or endlessly expanding computing costs. Our third-generation processing pipeline and fileScout address that foundation, enabling organisations to transform their most complex unstructured data into trusted intelligence and production-grade workflows. Backed by some of Asia’s most influential corporate ecosystems, fileAI’s ambition is to build a global enterprise AI leader from Asia and to help the region’s businesses become the most AI-enabled organisations in the world.”
— Christian Schneider, CEO, fileAI

“Singtel Innov8 is excited to invest in fileAI as it builds a purpose-built AI platform to address one of the most persistent challenges in enterprise data. We believe there is a significant and growing need to turn complex, unstructured information into clean, structured data that enterprises can trust and use at scale. We see strong potential for fileAI as enterprises increasingly seek reliable data foundations to support AI adoption and unlock greater value from their data.”
— Boon Ping Chua, Managing Director, Singtel Innov8

“At SMBC Group, we continue to drive digitalization and AI transformation across the Group to enhance both operational efficiency and customer experience. At the same time, we see strong demand for solutions that enable enterprises to unlock value from vast amounts of unstructured data and documents. We believe fileAI’s capabilities in improving data accessibility, operational efficiency, and decision-making will become increasingly important in the AI era. We look forward to collaborating with fileAI and leading organisations to explore practical AI use cases and drive innovation across industries.”
— Mayoran Rajendra, Managing Director – AI Transformation Department, SMBC

About fileAI

fileAI is the enterprise intelligence company behind fileForge, the leading platform for complex business process automation. Where most AI falls short in production, fileForge provides the structure, validation, and traceability that makes agentic AI reliable by design. It unifies data capture, preparation, governance, and orchestration into auditable, SOP-driven workflows that transform unstructured and semi-structured data into trusted, reusable process intelligence.

Trusted by global enterprises including MS&AD, Toshiba, PwC, KPMG, Nippon Paint, and Keppel, fileAI has processed over 1 billion files across finance, insurance, supply chain, healthcare, and core business operations — delivering governed automation and contextual reuse for the world’s most complex workflows.

For more information, visit www.file.ai.

About SMBC Asia Rising Fund

SMBC Asia Rising Fund is a corporate venture capital fund co-established by SMBC, one of the leading banks in Japan, and Incubate Fund, one of Japan’s leading seed and early-stage venture capital firms. The fund accelerates business development and strategic partnerships by investing in high-potential startups across India, Southeast Asia, and global markets, contributing to sustainable regional growth.

For more information, visit smbc-asiarising.vc.

About Singtel Innov8

Established in 2010, Singtel Innov8 is the corporate venture capital fund of Singtel Group, a leading connectivity, digital infrastructure and services group based in Asia, operating next-generation connectivity, digital infrastructure and digital businesses. Innov8 invests in and partners start-ups with promising innovations and possible applications for the Group’s diverse business needs.

Innov8 manages a general purpose evergreen fund of US$250 million and an AI Growth investment fund of US$250 million which focuses on growth-stage AI companies in areas critical to Singtel Group’s future, including customer engagement, network operations, cyber security, IT automation, horizontal enterprise AI platforms and vertical-specific AI solutions.

By leveraging Singtel Group’s presence across 20 countries in Asia, Australia and Africa with a total combined reach of over 839 million mobile customers and partnerships with local and global stakeholders, Innov8 helps start-ups grow and go beyond their home markets.

For more information, visit innov8.singtel.com.

SOURCE fileAI

Porter Capital Closes $10 Million Facility for Family-Owned Seafood Processor

Non-notification factoring facility replaced a departing bank lender, steadied supplier relationships, and supported a new national retail account.

BIRMINGHAM, Ala., Aug. 27, 2026 — Porter Capital Corporation, a leading provider of working capital solutions, announced the closing of a $10 million non-notification factoring facility for a family-owned seafood importer and processor with more than two decades in business. The facility advances 90 percent against eligible receivables and 85 percent of the net orderly liquidation value of inventory. An initial advance of $6.5 million funded at close, replacing the company’s prior bank facility and providing additional working capital.

The company had financed operations through a $20 million bank facility split evenly between real estate debt and accounts receivable lending. After a stretch of losses, and during a period when ownership was weighing a possible sale, its long-time bank became unwilling to continue the relationship. The timing raised the stakes. A major national retail chain was ready to bring the company on as a supplier, an opportunity the company could not support without dependable working capital to purchase inventory at the volume the account required.

Porter Capital underwrote the company’s receivables and inventory rather than its recent results, then coordinated with the lender holding the real estate portion of the debt. Working through an intercreditor agreement, Porter unwound the prior facility and funded the new one without interrupting operations. Because the facility is non-notification, the company’s customers, including the new retail account, continued paying as usual with no visibility into the financing arrangement behind it.

With capital restored, the company steadied its supplier and vendor relationships and returned its attention to running the business. It onboarded the national retail account and supplied inventory at the volume and pace the relationship required, added new product lines, and grew its use of the facility from the initial $6.5 million advance to $8 million outstanding today. In June 2026, the company returned to profitability, a meaningful milestone after the losses that had strained its prior banking relationship.

The company evaluated five other financing companies before selecting Porter. Porter’s team traveled to the company’s headquarters and spent a full day there, learning the business firsthand rather than underwriting it from a distance. That approach reflects how Porter works across its portfolio. Porter offers invoice factoring and receivables financing that deliver quick decisions, next-day advances after onboarding, and direct access to decision-makers who understand how timing and trust shape growing businesses.

Contact:
John Cox Miller
[email protected]

SOURCE Porter Capital

GPC Infrastructure Strengthens Leadership Team and Board to Support Continued Growth

CFO and Independent Board Appointments Add Deep Expertise Across Emerging Data Center Energy Infrastructure Sector

HOUSTON, Aug. 27, 2026GPC Infrastructure (GPC), an owner and operator of modular onsite power systems that help data center developers overcome grid interconnection delays, today announced key additions to its leadership team with the appointment of Steve Jones as Chief Financial Officer and Fran Federman and John Jensen as independent members of its Board of Managers. The appointments are effective immediately and strengthen GPC’s commitment to scaling its operations in the data center sector.

Jones brings extensive executive financial leadership, while Federman and Jensen join an established board that currently includes representatives from EIV Capital, adding further operational, financial and infrastructure expertise to GPC’s governance. The additions come as GPC continues to expand its platform to meet growing demand for scalable onsite power solutions that can help data center developers address grid constraints and accelerate project timelines. 

“We are thrilled to welcome Steve, Fran, and John to the GPC Infrastructure team. Their collective experience across corporate finance, digital infrastructure, and energy infrastructure is exactly what GPC needs as we accelerate our growth trajectory,” said Jim Summers, GPC Infrastructure CEO. “Steve’s deep financial leadership, paired with Fran’s background in capital markets and John’s proven operational expertise, will be invaluable as we continue to build out critical infrastructure for our partners.”

Steve Jones joins GPC Infrastructure as Chief Financial Officer. Steve brings extensive experience building and scaling energy infrastructure companies. Throughout his career, he has raised more than $4 billion in growth capital, supported two successful IPOs and helped lead several private equity exits.

“I am honored to join GPC Infrastructure during this exciting growth phase,” said Jones. “My focus will be on leveraging my financial experience to support our operational scaling and ensuring we have the capital strength to lead in the dynamic energy infrastructure market.”

Fran Federman is a digital infrastructure leader with deep expertise in capital allocation and strategic growth. She most recently served as Executive Vice President and Chief Investment Officer at CyrusOne, a premier global data center developer and operator. She has also held senior roles including CFO at IQHQ, Managing Director of Life Sciences and Healthcare Fund and VP of Capital Markets at Ventas, and finance leadership at Prologis, building a career defined by deploying capital across the real estate and digital infrastructure spectrum.

“GPC has established a unique position in the market,” said Federman. “I am excited to help guide the company as it builds its footprint in the data center sector, ensuring it has the capital and strategic vision necessary to lead in this rapidly evolving industry.”

John Jensen is a seasoned executive with more than 35 years of leadership experience across the energy and nonprofit sectors. Having led large organizations at both ConocoPhillips and EP Energy, John is an expert in capital stewardship, corporate governance, and enterprise execution, specializing in guiding leadership teams through high-stakes transitions and operational scaling.

“The synergy between energy reliability and digital infrastructure has never been more critical,” said Jensen. “I look forward to working with the GPC team to support their ambitious infrastructure goals.”

For more information on GPC Infrastructure, visit gpcinfrastructure.com.

About GPC Infrastructure
GPC Infrastructure (Gas Powered Compute) partners with data centers to develop, own and operate onsite natural gas and battery power solutions for facilities facing grid delays. The company provides Energy-as-a-Service and Development-as-a-Service solutions that enable operators to deploy scalable onsite generation and accelerate energization timelines. With deep expertise across natural gas markets, power generation and infrastructure finance, GPC helps data center developers secure reliable, AI-ready power while maintaining flexibility for long-term integration with the grid.

SOURCE GPC Infrastructure

SoLo Funds Surpasses $100 Million in Revenue on Just $53 Million Raised: The Most Capital-Efficient Milestone in Fintech History

The fintech nobody funded just outperformed the ones everybody did.

LOS ANGELES, Aug. 27, 2026SoLo Funds, the financial intelligence ecosystem for every class, today announced that it has surpassed $100 million in total revenue after raising just $53 million in equity funding throughout its history. The milestone means SoLo has generated nearly twice as much revenue as the total equity capital it has raised, making it the most capital efficient global fintech company ever at this stage.

By comparison, other fintech leaders Revolut (~$340M), Chime (~$300M) and Robinhood (~$540M) each raised approximately six to 10 times more capital before generating their first $100 million in revenue. SoLo Funds reached the same revenue threshold without the backing of the traditional Silicon Valley investors, celebrity endorsements, or a paid growth engine. Based on these comparisons, no fintech company in the world has demonstrated greater capital efficiency and market demand at this stage of growth.

Reaching $100 million in revenue validates the strength and uniqueness of its business model built on innovation, responsible growth and the belief that financial services can create value for consumers while also building a scalable and sustainable company. At a time when the majority of fintech startups have relied on hundreds of millions of dollars in venture funding to acquire customers and pursue growth, SoLo has built a platform used by millions of members primarily through organic adoption as its solution’s demand and product market fit has delivered uncanny results.

“Crossing $100 million in revenue on $53 million raised says something very special about SoLo’s innovation,” said Rodney Williams, Co-Founder and President of SoLo Funds. “It’s being demanded and differentiated. We’ve outperformed because of the innovation we introduced in 2018 allowing us to derisk lending and borrowing to each other. We’ve created a product that is both affordable to borrowers and creates yield and returns for lenders that they can’t get offered elsewhere.”

Since its founding in 2018, SoLo Funds has facilitated nearly $2 billion in transactions, empowered nearly 3 million members and enabled its members to provide more than $760 million in capital to one another. The company’s advanced product and risk intelligence models have reduced risk, helped enable more efficient lending decisions, stronger repayment performance and broader access to capital for consumers for all economic classes.

SoLo’s growth has been driven by a better financial model that allows members to access capital when they need it while providing lending members with opportunities to earn competitive returns.

As AI adoption accelerates, the workforce evolves and investor expectations shift, SoLo’s position only strengthens. Fintech‘s most valuable companies, Revolut, Chime and Robinhood among them, all weathered regulatory scrutiny on their way to category-defining multiples, sustained by the capital to fight through it. SoLo has weathered the same scrutiny sustained by something more durable: market demand. That demand does not disappear in an AI-driven economy. It intensifies. As automation reshapes work and income becomes more variable, everyday Americans will need affordable ways to borrow and smarter ways to grow the capital they have. No algorithm eliminates that need. SoLo is the platform built to meet it, and the market has already proven it at scale.

For more information on SoLo Funds, visit https://solofunds.com.

About SoLo Funds
SoLo Funds is the financial intelligence ecosystem for every class. Superior returns. Precision capital. Predictive intelligence. Founded in 2018 by Travis Holoway and Rodney Williams, SoLo has turned nearly $2 billion in member transactions into a proprietary intelligence layer that powers lending, banking, and institutional data products and is the only certified B Corp lending company in the country, proof that a financial system built to include everyone can outperform one built to exclude them. Yield. Capital. Intelligence. For Everyone. Learn more at solofunds.com.

Media contact
Brennan Nevada Johnson
[email protected]
4015560662

SOURCE SoLo Funds

Jetstream Venture Fund Expands Healthtech Portfolio with Investments in ImageAiD and Moonrise Medical

SCOTTSDALE, Ariz., Aug. 27, 2026 — Jetstream Venture Fund (Jetstream) announced its latest portfolio investments in healthtech pioneers ImageAiD and Moonrise Medical. Both companies are developing next-generation, AI-enabled vascular diagnostic platforms to transform the early detection and management of Peripheral Artery Disease (PAD), a condition affecting over 200 million people globally and 12 million in the U.S.

The transactions highlight Jetstream’s ability to originate high-conviction, early-stage deal flow directly through its leadership team’s lifelong operational, clinical, and healthcare founder network. While traditional retail platforms struggle to access specialized medical startups, Jetstream leverages these deep industry roots to back innovations that shift advanced diagnostic tools directly to the point of care:

  • ImageAiD: Combines Mayo Clinic-validated research, a handheld Doppler device, and predictive AI software to detect PAD years before physical symptoms appear in primary care settings.
  • Moonrise Medical: Automates complex Doppler ultrasound assessments and Pedal Acceleration Time (PAT) calculations, empowering front-line clinicians to evaluate vascular health accurately without requiring specialized sonographers.

“Vascular care today is far too reactive; patients are routinely diagnosed only after irreversible tissue damage has occurred,” said Mike Shufeldt, Portfolio Manager at Jetstream. “Our leadership team has spent decades on the front lines of clinical medicine, healthtech commercialization, and venture investing. That hands-on background allows us to evaluate complex medical platforms early and secure potentially high-value deal flow that standard venture networks miss. Both ImageAiD and Moonrise Medical exemplify our core thesis: leveraging automation and software to move sophisticated diagnostics upstream into everyday clinical workflows.”

By maintaining a $5,000 minimum initial investment and no carried interest, Jetstream democratizes access to institutional-quality opportunities alongside positions like SpaceX, Shield AI, and Hill Research.

Schedule a call to learn more about becoming an investor with Jetstream, or visit the website for more portfolio insights.

About Jetstream Venture Fund
Jetstream Venture Fund is an interval fund managed by Xcellerant Ventures and Sweater Industries LLC that provides access to early-stage, potentially high-growth private companies with lower minimums ($5,000) and no carried interest. For more information, visit www.jvf.vc.

Disclosure: Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus contains this and other information and can be obtained by visiting https://www.jvf.vc. Please read the prospectus carefully before investing.

Media Contact: Dawson Fearnow | MMPR Marketing | [email protected] | 602-264-2655

SOURCE Jetstream Venture Fund