PROVIDENCE, R.I., Oct. 10, 2025 — HavocAI, a leading developer of maritime autonomous systems, today announced it has secured $85 million in new capital. The funding comes from new investors B Capital, In-Q-Tel, Lockheed Martin, Hanwha, Taiwania, Vanderbilt University, Up Partners, Island Green Capital, and Zero Infinity Partners, along with continued support from Scout Ventures and Outlander Ventures in addition to other early funders. The funding round, completed at a significant valuation increase, brings HavocAI’s total funding to nearly $100 million – an unprecedented achievement for a maritime autonomy company in its first year and a half of operations.

The capital injection positions HavocAI to accelerate the scaling of its proven autonomous maritime platforms, ensure long-term operational resilience, and demonstrate the financial stability that government customers require from emerging defense technology partners. All the recent investors are mission-aligned partners who bring not only capital but critical geographic and technological collaborations that multiply HavocAI’s capabilities.

The funding will directly support multiple strategic initiatives, including the following primary missions:

• Additional Vessel Integration: Beyond HavocAI’s current fleet of 14′, 38′, 42′, and 100′ vessels, funding will enable integration onto entirely new vessel types and sizes, increasing the capability and interoperability of platforms leveraging HavocAI’s technology.
• Supporting Increased Demand: Funding will enable HavocAI to increase manufacturing capacity to meet the U.S. military’s demand signal to build thousands of autonomous boats that can be used immediately.
• Aiding Allies & Partners: Funding will increase HavocAI’s ability to operate in non-US areas of responsibility and provide additional direct support to our international allies and partners, especially in the Indo-Pacific.

“This funding represents far more than just capital – it has enabled us to cut through the noise about maritime autonomy and build a collaborative autonomy stack that actually works in a very short time,” said Paul Lwin, CEO and co-founder of HavocAI. “We’ve put two new boats in the water this year, and we’re going to add two more before the year is over, including our 100′ Atlas multi-mission vessel. Our swarming autonomy accomplishes priority missions today, not at an unknown point in the future. This technology is needed right now.”

HavocAI has pursued a software-first strategy, reasoning that there is enough shipbuilding capacity to serve military and commercial needs if superior autonomy creates heterogeneous, self-organizing fleets in which hundreds or potentially thousands of vessels can be tasked by a single operator. The company has consistently demonstrated working autonomy on its vessels and several made by other builders.

“HavocAI represents exactly the kind of company we look for – one that combines cutting-edge technology with the proven ability to sell and execute,” said Howard Morgan, Chairman and General Partner at B Capital. “HavocAI is actually delivering working solutions that solve real operational challenges. Their ability to demonstrate functional autonomous systems at scale sets them apart as the clear market leader in this critical technology area.”

The funding round also reflects growing international recognition of HavocAI’s strategic importance, particularly among allies focused on maritime security and deterrence capabilities. The participation of prominent Indo-Pacific investors underscores the global nature of maritime security challenges and the universal need for advanced autonomous capabilities.

“Our investment reflects our belief that HavocAI is making real, measurable contributions to regional stability through technological superiority,” said David Weng, General Partner at Taiwania. “Going forward, one of our goals is to bring HavocAI to collaborate with local partners here in Taiwan.”

About HavocAI

Founded just over a year and a half ago, HavocAI has delivered more than thirty fully operational products to the U.S. military and demonstrated highly scalable collaborative autonomy to the Navy and Army in multiple real-world scenarios. The company has four distinct vessels (14′ Rampage, 38′ Seahound, 42′ Kiakoa, and 100′ Atlas) in production, and signed partnership agreements with Lockheed Martin, PacMar Technologies, Metal Shark, Ilmor, Tocaro Blue, and more.

SOURCE Havoc AI

Company announces positive first-in-human study results, the close of a $6.9 million Series A financing, and FDA approval of its Investigational Device Exemption. 

ST. LOUIS, Oct. 9, 2025 — Amplifi Vascular, developer of the first-of-its-kind Vein Dilation System designed to increase eligibility, improve creation and early maturation of arteriovenous fistulas (AVFs) for hemodialysis, today announced three major milestones: positive first-in-human (FIH) study results, the close of a $6.9 million Series A financing, and U.S. Food and Drug Administration (FDA) approval of its Investigational Device Exemption (IDE).

The Amplifi FIH Study enrolled nineteen (19) patients to pre-dilate veins prior to surgical AVF creation. The study met its primary objectives, with rapid post-procedure vein enlargement supporting successful fistula creation, physiological maturation (≥5mm in diameter and ≥500ml/min flow), and early functional use. No significant device-related adverse events were reported. Results support the system’s potential to address the root cause of extended time to maturation and historical high degree of failure leading to an increase in rates of forearm AVF success and to potentially reduce the dependence on dialysis catheters and grafts.

“Our first-in-human study not only met its primary objectives but also demonstrated rapid post-procedure vein enlargement, facilitating successful fistula creation, physiological maturation, and early functional use,” stated Sean Morris, President and Chief Executive, Amplifi Vascular. “Furthermore, the FDA IDE approval empowers us to commence a U.S. clinical investigation, directly addressing the underlying causes of extended maturation times and elevated failure rates in AVF creation.”

FDA IDE approval enables Amplifi to initiate AMPLIFI-1, a U.S. clinical investigation evaluating safety, performance, and time to functional maturation compared with standard care. Surendra Shenoy, MD, Washington University, St. Louis School of Medicine said, “Early outcomes suggest that proactive vein dilation prior to AVF surgery can significantly improve the likelihood of achieving a usable fistula sooner—an outcome that matters greatly to our dialysis patients.”

About Amplifi Vascular Amplifi Vascular is a medical device company focused on improving hemodialysis access by enabling reliable, early maturing forearm AVFs. The Amplifi Vein Dilation System delivers a controlled, temporary therapy to enlarge target veins prior to surgical fistula creation, aiming to increase success rates, reduce catheter days and re-interventions, and lower overall costs of care.

www.amplifivascular.com

SOURCE Amplifi Vascular, Inc

Unicorn founders committed to delivering the complete infrastructure for the next evolution of search and discovery

SAN FRANCISCO, Oct. 9, 2025 — Search Party, a new startup in the generative engine optimization (GEO) space, has launched out of stealth with a $3.5 million funding round led by Fuse, a leading early-stage VC firm known for backing category-defining SaaS and AI companies.

The launch comes as nearly half of consumers have already turned to AI over Google for search and discovery. Search Party offers brands the opportunity to reclaim their voice in large language models like ChatGPT, Claude, and Perplexity by offering complete visibility and unprecedented control over how they appear in AI-generated answers.

Unlike early GEO tools that stop at visibility tracking, Search Party reveals where AI sources its answers, then activates autonomous workflows that generate strategies and content to influence those sources.

“AI models respond to the signals we feed them,” said Ryan Brown, CTO and co-founder. “We give brands the technical visibility to see which sources shape those signals and the tools to influence them. Because if you don’t write the story, someone else will.”

Search Party also digs deep into prompt-level analytics. Users can store and analyze unlimited queries related to their brand and products, benchmark competitors, and transform insights into actions that improve how large language models describe them.

“You aren’t just marketing to people anymore,” said Brandon Brown, CEO and Co-Founder. “You’re marketing to AI, and AI is marketing to people. That means you need to show up in the places AI trusts, and present your content in a way that it understands. That’s what Search Party is built for.”

Brandon and Ryan Brown were previously two of the co-founders of GRIN, the world’s leading creator management platform and Sacramento’s first tech unicorn.

Under Brandon’s leadership as CEO, GRIN grew from $0 to $1 billion in valuation, raised $145 million across seven funding rounds, and scaled from two to 480 employees before his exit in 2024. Ryan led engineering and technical strategy as GRIN became the undisputed category leader for influencer marketing software.

“Brandon and Ryan have already proven their ability to build category-defining companies, and we believe Search Party is poised to do the same in the new era of generative search,” said Brendan Wales, General Partner at Fuse VC. “As AI rapidly reshapes how people discover and trust information, brands need purpose-built solutions to understand and influence how they appear. Fuse is excited to back the team and their vision for putting companies in control of their AI visibility.”

Brandon and Ryan each bring two decades of leadership experience to a new frontier: GEO and AI-powered visibility.

“By this time next year, AI will be the dominant discovery channel, yet most brands won’t even know how they show up,” said Brandon Brown, CEO and co-founder of Search Party. “We built Search Party to help brands take back control.”

Search Party is now accepting early users into its beta program. Brands can try Search Party for free today and start building visibility in the new era of search and discovery.

About Search Party

Search Party helps brands track and control how they appear in answer engines like ChatGPT, Perplexity, and Claude. As LLMs become the new front door to the internet, it’s more critical than ever to show up accurately and with authority.

The platform analyzes how models perceive your brand, identifies the sources shaping that perception, and delivers personalized workflows to grow and improve it. The end goal: to make you the definitive answer in the prompts that matter most to your brand.

Search Party is now accepting early users into its beta program. Brands can visit the website to apply for access and start building visibility in the next frontier of search.

SOURCE Search Party

Gemini.com to Become Naming Partner of U.S. National Team; West Windsor, N.J. Training Center Expansion to be Named in Winklevoss Brothers’ Honor

WEST WINDSOR, N.J., Oct. 9, 2025 — USRowing today announced the largest philanthropic contribution in the organization’s history: a $6.5 million gift from Cameron and Tyler Winklevoss to support the U.S. National Team through the Los Angeles 2028 Olympic and Paralympic Games.

In recognition of this historic donation, USRowing will rename its senior, para, and beach sprint teams the “Gemini.com U.S. National Team”, reflecting the commitment of the Winklevoss brothers to the future of American rowing. In addition, The Caspersen Boat House — USRowing’s National Team Training Center in West Windsor, N.J. — will be expanded and the new facility will be named the “Winklevoss Training Center.”

“Rowing has taught us some of the most valuable life lessons, so we’re passionate about increasing access to the sport and cementing its future in the United States. With this donation we’re supporting the U.S. National Team’s success ahead of one of its highest visibility moments — the 2028 Olympic Games,” said Cameron Winklevoss.

Cameron Winklevoss and Tyler Winklevoss, Co-Founders of Gemini and Winklevoss Capital, and trustees on the USRowing Foundation, rowed for the U.S. National Team for nearly a decade. They Co-Founded their high school’s crew program before rowing for Harvard University under Harry Parker and then representing the U.S. on the world stage at the 2008 Beijing Olympic Games. Now, they are giving back to the program that deeply impacted their lives.

The record donation to the Gemini.com U.S. National Team and the new Winklevoss Training Center will be cornerstones of USRowing’s success on the path to LA. It will provide U.S. elite athletes with a state-of-the-art training facility and help USRowing’s high performance program provide comprehensive support for rowers on and off the water.

This transformative gift rings in a new era for USRowing and reflects the enduring power of National Team alumni support in rowing. It also reinforces the importance of strategic investment in high performance development as USRowing goes all in on the road to LA 2028.

Show your support to the U.S. National team by making a donation here.

Media Contacts:
USRowing: [email protected]  
Gemini: [email protected]

About USRowing

USRowing is the national governing body for rowing in the United States, dedicated to promoting and developing rowing at all levels, from juniors to elite competition. This includes harnessing the talent of the best rowers in the country to represent the United States at the highest levels of competition, including the World Rowing Championships, Olympic and Paralympic Games.

About Gemini

Gemini is a global crypto platform founded by Cameron and Tyler Winklevoss in 2014. Gemini offers a wide range of crypto products and services for individuals and institutions in over 60 countries. Gemini’s simple, reliable, and secure products are built to unlock the next era of financial, creative, and personal freedom.

SOURCE United States Rowing Association

PETALUMA, Calif., Oct. 9, 2025 — Alec’s Ice Cream, the first and only A2 regenerative organic ice cream brand, has announced the successful closing of its oversubscribed $11 million Series A funding round led by Imaginary Ventures. Additional investors include Great Circle Ventures, Altelan Capital, DAYBREAKER, Dr. Anthony Guston, and Monique Volz (Ambitious Kitchen). This funding will support Alec’s Ice Cream’s mission to assist farmers in building regenerative supply chains and accelerate growth through innovation, marketing, and team expansion—paving the way for a more sustainable food future.

This raise follows Alec’s Ice Cream’s viral sellout launch of Culture Cup, its new line of pre- and probiotic single-serve cups, now available nationwide at Whole Foods Market, Wegmans, and Target. Building on the success of its award-winning pints—including standout flavors like Peanut Butter Fudge Honeycomb, Palm Springs Banana Chocolate Date Shake, and Tahitian Vanilla Bean—the brand has experienced rapid growth in 2025. Now available in 3,000 retail locations and on track to double its year-over-year sales, the brand is poised for continued expansion into grocery and retail channels nationwide.

“Alec’s Ice Cream removes the trade-off between indulgence and health, delivering both flavor and function,” said Logan Langberg, Partner at Imaginary Ventures and newly appointed board member at Alec’s Ice Cream. “By combining culinary creativity with nutritional integrity, the brand is winning over consumers and experiencing exceptional growth. We believe Alec’s isn’t just part of the movement toward permissible indulgence—it’s shaping the future of it.”

“This funding marks an exciting new chapter for Alec’s Ice Cream,” added Alec Jaffe, CEO and founder of Alec’s Ice Cream. “With the support of incredible partners, we’ll not only be able to scale distribution and bring innovations to market, but also advance our mission to change the way people grow and think about food—proving that ice cream can be both indulgent and a force for good in every freezer across America.”

Founded in 2020, Alec’s Ice Cream is on a mission to reimagine the food system by going beyond organic to support regenerative farming that helps reverse climate change. Through the universally loved treat of ice cream, Alec’s seeks to inspire consumers to choose foods that taste better, support regenerative farmers, and are better for their health—and the planet.

To learn more about Alec’s Ice Cream, visit alecsicecream.com or follow along on social @alecsicecream.

Alec’s Ice Cream
Alec’s Ice Cream is the world’s first 3rd party verified regenerative and USDA organic-certified ice cream utilizing A2 dairy — the original milk protein. Unlike conventional dairy, A2 dairy is known to lead to easier digestion and other health benefits. Not only does Alec’s Ice Cream taste better and is better for you, it is also better for the environment by virtue of its ingredient partnerships with pioneering regenerative organic farmers. Alec’s best-in-class ingredients and incredible flavor combinations come together to create an ideal texture, creaminess, and flavor for the ultimate indulgent experience. Learn more at www.alecsicecream.com and follow along on Instagram and TikTok.

SOURCE Alec’s Ice Cream

AUSTIN, Texas, Oct. 9, 2025 — Mentium, the AI-native platform building “digital workers” for freight brokerages and the wider logistics sector, today announced it has raised $3.2 million in seed funding. The round was led by Lerer Hippeau with participation from Matchstick Ventures, Tower Research Capital, Antler, MBA Ventures, and angel investor Michael Witte, founder and CEO of Equal Parts.

Mentium‘s AI agents address one of the industry’s most expensive and persistent challenges: fragmented, manual back-office work that slows operations, drains margins, and limits scale.

Mentium‘s AI agents:

• Integrate with any system to create a single source of truth — connecting TMS, ERP, email, phone, SMS, and third-party apps like Telegram, WhatsApp, Teams, and Slack.
• Create custom AI workers that use your tools to automate repetitive tasks — no coding, no pre-training needed, and they adapt to your rules.
• Eliminate manual work, errors, and revenue leakage — while boosting revenue. AI collects and processes invoices and BOLs, audits carrier payments to prevent fraud, and automates load booking and rate negotiations with voice AI.

Mentium‘s first product focus is accounts payable automation for carrier payments, a labor-heavy process and major source of revenue leakage for freight brokers and shippers. Once deployed, the platform allows customers to “hire” additional digital workers for other High-friction workflows such as carrier calls for load booking and rate negotiation, reporting, and customer–carrier communication. Early customers, including Baker Tilly (Panama), Sethmar, Heartland Logistics Group, Continental Expedited Services, are already seeing up to 70% of tasks completed with zero human touch.

“Freight brokerages are the backbone of the supply chain, yet they’re stuck with expensive, outdated technology and thin margins,” said Aziz Satarov, CEO and co-founder of Mentium. “We’re giving them the tools not just to survive, but to grow, replacing manual processes with AI agents that can be deployed in minutes and adapt to any customer’s workflow.”

“Our vision is to be the operating system for logistics,” said Matthieu Berger, CTO and co-founder of Mentium. “Once we integrate, we’re not just automating tasks — we’re becoming their data lake, their single point of truth, and the platform where they can deploy automation across their entire business.”

“We’re incredibly bullish on Mentium‘s ability to usher in an agent-driven future for the supply chain and logistics industry,” said Graham Brown, Managing Partner at Lerer Hippeau. “They’re solving real operational pain points with a solution that’s both technically powerful and easy to adopt. This is the kind of technology that can reset an industry’s efficiency baseline.”

“Mentium is unlocking automation for one of the most complex, overlooked parts of logistics. Their AI platform is a game-changer, and we’re thrilled to back them as they scale,” said Ryan Brisbane of Matchstick Ventures.

The seed funding will accelerate product development, expand go-to-market operations, and grow Mentium‘s engineering team. The company has also established partnerships with Google, AWS, and NVIDIA to ensure enterprise-grade scalability and compliance.

About Mentium
Founded in 2023, Mentium is an AI-native platform that provides digital workers for freight brokerages and logistics companies. By automating manual tasks and integrating fragmented data sources, Mentium enables operations teams to work faster, smarter, and with fewer errors. The company is backed by top-tier investors and based in Austin, TX. For more information, visit mentium.io or contact [email protected].

About Lerer Hippeau
Lerer Hippeau is an early-stage venture capital firm founded and operated in New York City. Our portfolio includes more than 400 leading enterprise and consumer businesses including Guideline, MIRROR, Blockdaemon, K Health, Warby Parker, ZenBusiness, and Thrive. Learn more at lererhippeau.com.

Media Contact:
Olivia Ludington
5517955950
[email protected]

SOURCE Mentium

HOUSTON, Oct. 9, 2025 — Save®, a financial technology company that provides a market-driven cash management platform, today announced the successful close of its first institutional funding round, led by BNP Paribas, with strategic participation from Natixis Corporate & Investment Banking and Pacer Financial.

With increasing demand for higher‑yield cash products, investors are seeking innovative solutions for their idle cash. Save is addressing this with its Liquid Market Savings Platform, which enables market-based yield potential while maintaining FDIC-insured principal, full liquidity, and no downside risk to the depositor

Michael Nelskyla, CEO at Save, commented:

“Macroeconomic trends point towards a continued rally in Equities and other assets. Clients increasingly prefer returns linked to those assets — versus interest rates — but without taking on the associated risk. Save makes that possible.”

Recent accomplishments include the launch of the Market Savings Sub-advisory Program with Customers Bank — a market-driven deposit solution that combines FDIC-insured deposit accounts held at Customers Bank with a market-based yield enhancement strategy managed by Save, all accessible exclusively through Registered Investment Advisers.

“Save is an exciting investment and aligns with our ambition to work with fintechs developing next‑generation technology for financial services,” said Steve Nawrocki, Managing Director at BNP Paribas. “We’re thrilled to support a business that is reshaping yield in a way that benefits both retail and institutional customers.”

“We believe Save is redefining the role of cash in a modern portfolio,” said Sean O’Hara, President of Pacer ETFs Distributors. “By combining principal protection with innovative yield potential, they’re opening a new frontier for advisors and their clients. We’re excited to support their expansion into the wealth management space.”

“This is a compelling solution that addresses a very real demand among investors today — capital preservation without sacrificing return potential,” said Simon Sourigon, Managing Director at Natixis Corporate & Investment Banking. “Save’s approach complements our broader strategy of delivering outcome-oriented investment solutions through innovative partners.”

About Save®

Save® is a financial technology company that provides deposit innovation for institutional clients. Save was founded by a team of financial industry veterans with experience spanning quantitative trading, corporate banking, and investment management. Save Advisers LLC, an affiliate, is an SEC-registered investment adviser. Website: www.save-technologies.com

About Natixis Corporate & Investment Banking

Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.

Our teams of experts in about 30 countries advise clients on their strategic development, helping them to grow and transform their businesses, and maximize their positive impact. Natixis CIB is committed to aligning its financing portfolio with a carbon neutrality path by 2050 while helping its clients reduce the environmental impact of their business.

As part of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks, Natixis CIB benefits from the Group’s financial strength and solid financial ratings (Standard & Poor’s: A+, Moody’s: A1, Fitch: A+, R&I: A+).  Website: www.cib.natixis.com

About Pacer Financial

Pacer Financial, Inc. is a national wholesaling organization and FINRA member focused on distributing investment products through financial advisors. Known for launching Pacer ETFs, with trend-following and free cash flow focused approaches, Pacer has helped bring cutting-edge investment solutions to a wide network of financial professionals across the United States. Website: www.pacerfinancial.com

About BNP Paribas

BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 190,000 employees, including nearly 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, Eastern Europe as well as via a large network in the western part of the United States. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.

Website: https://group.bnpparibas/en/

SOURCE Save

The reg-tech start-up is helping government agencies and legal professionals streamline compliance, reduce costs, and navigate complex regulations

Vulcan is live in several state and federal agencies with private sector partners in the pipeline

AUSTIN, Texas, Oct. 9, 2025 — Vulcan Technologies, the first reg-tech company offering advanced AI to help government agencies and legal professionals with regulatory drafting and compliance, today announced it has raised a $10.9 million seed round. The round was co-led by General Catalyst and Cubit Capital, with participation from Chief Oil & Gas founder Trevor Rees-Jones, SV Angel, A*, Liquid 2 Ventures, Transpose, 468 Capital, Y Combinator, the founders of Dropbox, and other strategic investors.

“Vulcan is building technology to solve an urgent structural problem confronting U.S. global competitiveness: the broken regulatory system,” said Tanner Jones, co-founder and CEO of Vulcan Technologies. “Armed with significant seed funding, we are now equipped to expand an already world-class engineering team, break into the private sector, and continue to enhance American competitiveness by helping agencies and private-sector builders leverage frontier intelligence to navigate the regulatory morass and unleash the engine of American capitalism.” 

Founded in 2025, Vulcan’s founding team includes policy experts with Machine Learning and AI experts from Google and the former AI lead for Love’s. The platform offers three specialized AI systems designed to transform how legal professionals, researchers, and regulators interact with American law. Vulcan ingests all state and federal statutes, regulations, executive orders, and case law into a unified, AI agent-navigable database. Proprietary AI legal cartography algorithms map relationships between legal nodes: statutes that authorize regulations, case law that overturns rules, and Executive Orders that vacate prior law. By mapping upstream legal authorities, Vulcan enables leaders to reduce compliance costs, identify outdated and unknown regulations, and streamline policy execution. Similarly, Vulcan helps regulated firms instantly develop compliance roadmaps, push back against government overreach, and comment on proposed regulations.

“At Cubit Capital, we invest in courageous leaders tackling meaningful problems, and the Vulcan team is exactly that,” said Philip Carson, Partner at Cubit Capital. “In just two months, Virginia issued an executive order mandating Vulcan’s adoption across agencies – a milestone no other reg-tech has achieved. By replacing multi-million-dollar consulting contracts with instant, auditable analysis enabled by AI to automate rulemaking and compliance, Vulcan is positioned to transform a multi-$100-billion-dollar market and strengthen democratic governance.” 

“Navigating today’s regulatory landscape is costly and complex. Vulcan is building technology to help address these challenges,” said Yuri Sagalov, managing director at General Catalyst. “They’ve assembled a strong team of AI, engineering, and legal experts, and we’re excited by their early traction with government partners. We look forward to supporting their growth as they expand beyond the public sector.”

Vulcan’s early customers include the Virginia Office of Regulatory Management, the U.S. Department of Education, and South Carolina DOGE. In Virginia, Vulcan’s platform played a key role in supporting Governor Glenn Youngkin’s Executive Order 19, which mandated a 25% reduction of the state’s regulatory code. With AI, Virginia now anticipates a 50% regulatory reduction.

Vulcan’s advisors include Patrick McLaughlin, a leading regulatory economist at Stanford’s Hoover Institution whose RegData and QuantGov projects have informed reform efforts in more than ten states, and Jonathan Wolfson, former head of the U.S. Department of Labor’s Policy Office and a seasoned regulatory attorney with experience at the White House Council of Economic Advisers and in federal litigation. 

About Vulcan Technologies
Vulcan Technologies, headquartered in Austin, Texas, builds advanced AI tools to help government agencies and legal professionals. Founded in 2025 by a team that includes Dartmouth and Princeton alumni alongside former Google engineers, the company is transforming how organizations interact with the complex world of law. By combining cutting-edge natural language processing with deep domain expertise, Vulcan helps governments and enterprises analyze, manage, and reform regulatory environments more efficiently and cost-effectively. The company is advised by leading experts in law and economics from the Hoover Institution and the U.S. Department of Labor. For more information, visit www.vulcan-tech.com.

Media Contact:
[email protected]

SOURCE Vulcan Technologies

NEW YORK, Oct. 9, 2025 – Simha Partners (“Simha”), an alternative investment firm focused on multi-location and tech-enabled services businesses, today announced the closing of its oversubscribed inaugural fund, Simha Partners I, LP (“the Fund”) with over $45 million in equity commitments, at its hard cap. The Fund attracted high-quality limited partners, including both institutional investors and family offices, who have expressed interest in making substantial co-investments alongside the Fund’s equity commitments.

Simha Partners is founded and led by Anish Pathipati, a seasoned private equity investor with prior experience at Silver Lake Partners and, more recently, as a Managing Director at Periphas Capital. Pathipati brings deep experience investing across tech-enabled, consumer, and business services sectors.

He is joined by Tim O’Day and Narendra “Pat” Pathipati. Most recently, O’Day was President and CEO, and Pathipati was Executive Vice President and CFO of Boyd Group Services Inc., a market leader in the North American auto collision repair industry with over $3 billion of annual revenue. Both bring decades of operational experience and, during their tenures at Boyd, executed and integrated hundreds of acquisitions.

Simha aims to make control investments in founder- and family-owned businesses, and partner with great management teams. The firm’s unique business model combines the committed capital of a private equity firm, the operational expertise of corporate executives, and the focus of a business builder.

Simha’s inaugural fund will focus exclusively on acquiring and scaling a platform in the tire and auto services industry. The firm has developed a detailed thesis in this category, identifying opportunities for value creation through organic and acquisition-driven growth, operations excellence, and the effective application of technology. The Fund’s singular focus allows Simha to concentrate its efforts and underscores its commitment to the tire and auto services industry.

Anish Pathipati, Founder and Managing Partner of Simha commented: “We are grateful for the trust and support of our exceptional limited partners. We see a compelling opportunity to build a category-leading platform in tire and auto services, and have developed an innovative fund structure to pursue it. We are excited to partner with management teams, families, and founders to drive transformational growth and generate enduring value in this space.”

Tim O’Day and Pat Pathipati, Partners of Simha added: “We have a unique appreciation for the management team’s perspective because we have previously been in their seats. We look forward to providing the patient capital and strategic support necessary to help companies achieve lasting success.”

McGuireWoods LLP served as fund counsel to Simha Partners.

About Simha Partners

Simha Partners is an alternative investment firm that acquires and builds businesses in multi-location and tech-enabled services. The firm aims to create value through growth and the application of technology. Simha’s approach is rooted in partnership, aligning incentives and working closely with management teams. Simha brings the committed capital of a private equity firm, the operational expertise of corporate executives, and the focus of a business builder. For additional information, please visit www.simhapartners.com and follow us on LinkedIn.

SOURCE Simha Partners