Callidus will use the funds to accelerate product development and expand the team to continue its impressive growth trajectory through the second half of 2025

SAN FRANCISCO, July 15, 2025 — Callidus Legal AI, the AI platform that automates and accelerates core litigation workflows, today announced $10M in funding, bringing the company’s total funding to date to $13M. The highly oversubscribed round was led by Cervin Ventures, with participation from AI Fund, Myriad Venture Partners, Tandem Ventures, Active Capital, Capital Factory, Foley & Lardner, and a consortium of partners from a top 25 law firm. With this new capital, Callidus will continue its strong growth trajectory, double the speed of its product development to support its 1,000+ customers, and extend its market reach.

Goldman Sachs estimates 44% of the $1T legal industry will soon be automated by AI and Callidus’ current momentum and ambitious roadmap suggest the industry could grow multiples beyond the $64B estimate of industry analysts. In the first half of 2025, Callidus has tripled its recurring revenue, offering a new generation of legal solutions in its end-to-end AI operating system for litigators.

“AI has advanced to the point where substantially automating legal work is no longer a question of possibility; it’s a series of tough but solvable engineering challenges. We’re building the most advanced and interactive AI platform for litigators,” said Justin McCallon, CEO of Callidus Legal AI. “Success requires the right combination of a world-class user experience, a robustly engineered middle-layer, and high-quality legal data. Callidus brings all of that together cohesively. With the support of our partners, and on the shoulders of the research labs, we’re reinventing litigation legal tech.”

Unlike competitors that rely on chatbots and generate brief, high-level answers, Callidus produces real legal work. These outputs include exhaustive precedent research, element-by-element legal outlines, and fully drafted, citation-rich litigation documents. The highly visual Callidus research system keeps the lawyer in the loop, with the AI synthesizing robust data and the lawyer making strategic decisions, ultimately condensing a typical week-long task into about 10 minutes for 85% completion. From there, the lawyer can polish the full litigation outlines and extensive litigation draft document outputs with other Callidus tools, including tools integrated with Microsoft Word, to prepare final versions for court.

“Callidus isn’t trying to replace lawyers, it’s giving them superpowers,” said Taylor Oliver, Partner at Cervin Ventures. “Callidus turns a week’s worth of research into ten minutes of structured insight, all while keeping the attorney in the loop. That kind of precision, paired with deep respect for how law is actually practiced, is rare in legal tech.  We’re backing the Callidus team because they’re not only building fast, but building right – with discipline, focus, and a deep understanding of the profession they’re supporting.”

In May, Callidus launched its most advanced legal research and drafting system to date, powered by proprietary engineering, agentic AI, and a fully integrated U.S. case law database. After gathering over 10 million U.S. legal cases, Callidus built specialized agents to enrich the database with detailed metadata, case summaries, and issue-based tagging for high-precision retrieval and research. The company plans to roll out transformative new platform features throughout the second half of 2025, with a goal of addressing the core needs of litigators across the entire litigation lifecycle by year’s end.

“What excites us about Callidus is their technical depth: custom legal reasoning models, intelligent document understanding, and end-to-end automation that mirrors how great lawyers work,” said Andrew Ng, Managing General Partner, AI Fund. “Justin McCallon and his team are building AI agentic support for litigators — a platform that represents a generational shift in legal service delivery that’s faster, smarter, and more strategically insightful. The legal industry will benefit tremendously from this approach.”

“The legal tech industry is a prime example of an industry that can be transformed by AI, and Callidus is at the forefront of this shift,” said Chris Fisher, Founder & Managing General Partner at Myriad Venture Partners, who has an extensive legal background, including prior to founding Myriad Venture Partners, advising private equity firms and multinational clients on M&A, complex transactions, early stage investments, and corporate governance. “Callidus’ AI-powered platform is already streamlining workflows for litigators, delivering solutions that meet their real-world needs. This momentum is a testament to the difficult problems and workflows Callidus is addressing and to the outstanding Callidus team. We’re excited to see what the next phase of growth looks like as Callidus continues building critical software for the legal industry.”

Callidus expects to triple its team size over the coming months, with new hires across product, engineering, customer success, and legal AI research in both Texas and California.

For more information, please visit: https://callidusai.com/.

About Callidus Legal AI

Callidus Legal AI is a next-generation legal technology company leveraging advanced artificial intelligence to automate legal research, drafting, and litigation preparation. With a proprietary case law database and deeply agentic AI infrastructure, Callidus delivers unprecedented productivity and accuracy across the most demanding areas of legal practice. To learn more information, please visit: https://callidusai.com/. 

Press Contact:

Jenny Bourne
208-761-8447
https://www.wildflower-pr.com/

SOURCE Callidus Legal AI

XTEND’s AI-powered systems are actively used by the U.S. Department of Defense, Singapore, Europe, the UK, and the Israel Defense Force to improve strategic capabilities and mission success in challenging environments. With this Series B funding, XTEND plans to scale up U.S. and global production, integrate real-time AI capabilities across its platforms, and expand deployments with U.S. and allied defense forces, as well as for humanitarian and emergency response efforts.

As part of this investment, Aliya Capital Partners’ Founding Partner and CEO, Ross Kestin, has joined XTEND’s Board of Directors. Kestin explains: “XTEND’s mission—to deliver cutting-edge drone and robotics systems for high-risk, mission-critical environments—aligns directly with our vision of supporting technologies that protect and enhance life. We’re honored to back Aviv and his world-class team and help accelerate the impact of their technology across defense, security, and emergency response sectors.”

The announcement follows the grand opening of XTEND’s new U.S. headquarters and advanced drone manufacturing facility in Tampa, Florida, on July 1. The event brought together government, military, and industry leaders for a ribbon-cutting ceremony, remarks from key stakeholders, and a behind-the-scenes tour of the company’s state-of-the-art manufacturing operations.

“The grand opening of XTEND’s Tampa facility represents more than a physical expansion—it marks a new phase of operational scale, U.S. engagement, and global relevance,” said Lee Moser, Co-Founder and General Partner of Protego Ventures. “We’re proud to support this next chapter alongside the Aliya team.”

Lital Leshem, Co-Founder and Managing Partner of Protego Ventures, adds: “We invested in XTEND because it’s clear they are building a category-defining platform for human-guided autonomy that can scale fast and make an immediate impact. At a time when defense innovation demands urgency and trust, XTEND stood out as ready to lead.”

XTEND CEO Aviv Shapira concludes: “The successful completion of our Series B financing highlights the surging demand for mission-critical autonomous systems from allied defense and public safety agencies. The investment will fuel accelerated R&D, scale manufacturing, and global deployment expansion. That said, the backing from Aliya and Protego isn’t just about fresh capital—it’s a powerful vote of confidence. Ross’s experience and strategic perspective are invaluable in navigating this pivotal growth phase. Furthermore, opening our Tampa headquarters is a major step forward as we continue to build cutting-edge systems that protect lives worldwide.”

Additional investor quotes:

Avi Fischer, Chairman of Clal Industries and Claltech, says: “When investing in companies, you typically meet the founders, the management team, the technology—and of course, dive into the virtual data room. But with XTEND, we did something far more important. On our very first visit, we walked into a room with over 50 end users, all being trained on the system. What convinced us to invest wasn’t just the tech—it was their feedback. They spoke about how the system has saved lives, how AI-driven training cut learning time by 99%, and how this technology is already changing the battlefield. That’s when we knew—we had to be part of this.”

Dr. Peter Kash, Chairman of the Board, XTEND, says: “This milestone represents the realization of XTEND’s vision to bring our groundbreaking technologies closer to the U.S. defense ecosystem. With this facility, we’re laying the foundation for sustained growth, high-tech job creation and meaningful contributions to America’s security and industrial capabilities. I’m incredibly proud of the team that made this moment possible, amplifying the connectivity of Florida and the future of AI and Robotics. I am incredibly proud of the team that made this moment possible, by helping attract blue chip investors that are aligned with our goal to amplify the connectivity of Florida and the future of AI and Robotics.”

Tal Recanati, Managing Director Union Tech Ventures: “Since our investment three years ago, we’ve seen the XTEND management team demonstrate exceptional execution and innovation. With the successful completion of this latest financing round, XTEND is now poised to strengthen its position as a global leader in defense technology.”

About XTEND

Founded in Israel, XTEND develops next-generation robotics and autonomous systems powered by proprietary AI and real-time human-guided operating software. Its platforms are engineered for precision and safety in the world’s most complex and hazardous environments. XTEND’s systems enable the deployment of self-reliant AI-driven tactical robotic teams in complex and dynamic mission scenarios. The company’s patented XOS operating system fuses the best human intelligence and machine autonomy to enhance the operator’s abilities, simultaneously reducing the need for direct physical confrontation, thereby minimizing casualties and injuries. Thousands of XTEND’s systems are already operationally deployed worldwide, and the company is continuously developing its XOS operating system and platforms to deliver the future of human-machine teaming to defense, HLS, and security professionals worldwide. Find out more here.

About Aliya Capital Partners

Aliya Capital Partners is a Miami-based investment firm with deep expertise across defense-tech, AI, autonomy, and national security. The firm backs companies delivering meaningful and unexpected impact, particularly at the intersection of advanced technology and global safety.

About Protego Ventures

Protego Ventures is an Israel-based defense venture capital fund investing in breakthrough technologies that address today’s most urgent defense and security challenges, including drones, AI and machine learning, sensors, aerial defense, and UAVs.

Video: https://mma.prnewswire.com/media/2731551/XTEND.mp4
Photo: https://mma.prnewswire.com/media/2731510/XTEND_1.jpg
Photo: https://mma.prnewswire.com/media/2731511/XTEND_2.jpg

IntuigenceAI achieves unprecedented 81% first-time pass rate on the standardized NCEES Professional Engineering test

BERKELEY, Calif., July 15, 2025 — To address a major workforce shortage of engineers while reducing major industrial disasters caused by human error, AI startup IntuigenceAI announced the world’s first superintelligent AI-based engineer platform, IntuiAI™, designed as a multiplier for time-strapped human engineers. Additionally, the company is also announcing that it has raised a large $10M seed round led by Innovation Endeavors with additional funding from Recursive Ventures and Think+.

IntuigenceAI, based out of Berkeley, California, achieved a first-time pass rate of 81% on the standardized NCEES Professional Engineering (PE) exam for both chemical and mechanical engineering, respectively—beating out ChatGPT-4o and DeepSeek by more than eight times. IntuigenceAI, which calls its AI agents “Intuigents,” is available at launch as a highly trained chemical or mechanical AI engineer, with several other Intuigents to follow including civil, electrical, industrial and materials engineers. Each Intuigent can work safely alongside human talent to accelerate common industrial workflows.

Several Fortune 100 companies are completing successful pilots with the objective of saving millions of dollars by automating tedious workflows across the $3.4 trillion engineering industry. These workflows consume weeks or even months of engineering resources, which IntuigenceAI says can be reduced to days, hours, or even minutes, freeing engineers for more complex tasks requiring human ingenuity and intuition.

Several well respected engineering leaders have shown strong early support for Intuigences’ value.

“Before Intuigence’s synthetic AI engineers, it was unimaginable that operational workflows can be automated so quickly. The industry is used to months, not hours,” said Ibrahim A-Syed, head of Digital Transformation at Celanese.

“As someone who has spent decades in process automation, advanced control and optimization, I see IntuigenceAI as the next generation of industrial technology,” said Doug Raven, a former senior engineer from Saudi Aramco’s Corporate Engineering department and recipient of the top Saudi Aramco Excellence Award. “There’s clearly a workforce shortage coming as experienced engineers retire, and this technology represents a powerful solution for knowledge capture and leveraging engineering expertise. IntuigenceAI can help companies capture their unique methodologies and institutional knowledge while enabling engineers to focus on higher value-added work like process innovation, optimization, and complex problem-solving. The vision of multiplying human engineering capabilities is exactly what the industry needs to address both the skills gap and the complexity of today’s multi-million dollar, multi-year projects.”

According to an analysis by the Coalition to Prevent Chemical Disasters, there is a new chemical accident every two days in the US. Equipment failure and human error can have catastrophic consequences in industrial environments. Infrastructure projects average 28% cost overruns with 85% exceeding budget, while workers spend 14+ hours weekly just looking for project data.

“AI has the potential to save millions of dollars and many lives by addressing a serious engineering talent shortage, and skills deficit,” said Moe Tanabian, CEO and founder of IntuigenceAI. “While AI has quickly revolutionized software development, using engineering-purpose AI for industrial workflows and data analysis has not been feasible until now.” Tanabian was formerly Global Vice President and executive product leader at Microsoft, Amazon and Samsung. “IntuigenceAI frees up engineers to do what they’re best at while allowing AI to quickly make sense out of messy or even incomplete datasets. It’s designed both for entry-level engineers as well as experienced engineers to help automate time-consuming industrial workflows. We believe AI will be able to expand the global engineering capacity from 30 million to one billion engineers worldwide. It’s going to be a very different and much better world for future generations.”

“We’re proud to lead the investment in IntuigenceAI as they build the AI copilot for complex industrial engineering,” said Scott Brady, Managing Partner at Innovation Endeavors. “This is a purpose-built system already outperforming top chemical engineers on professional benchmarks. In a $4 trillion sector facing massive workforce challenges, with up to 50% of skilled talent set to retire by decade’s end, solutions like this are essential to keeping the industry running.”

How It Works
IntuigenceAI’s synthetic engineers integrate directly into industrial workflows through the company’s Intelligent Board platform. It combines both LLM, reasoning and agentic workflows. The platform, known as IntuiAI, can be used as a data assistant but also an interactive AI whiteboard. Engineers upload technical drawings and equipment manuals, while the system automatically pulls in live data from industrial monitoring systems. IntuiAI breaks down complex problems into manageable tasks, assigns analysis to trained IntuigenceAI Chemical or Mechanical AI Engineers, and provides recommendations with clear approval checkpoints for human verification. The “Intuigents” are further trained based on proprietary data from the customer and other domain expertise.

For example, IntuigenceAI can automate maintenance planning by gathering equipment specifications, determining material requirements like gaskets and bolts, and filling out detailed isolation planning forms that specify exact technical needs. This efficiency gain allows engineers to focus on higher value activities such as process optimization, yield improvement projects, and strategic troubleshooting that drive real business impact.

Microsoft Integration Enables Enterprise-Scale Deployment
IntuigenceAI’s platform integrates with Microsoft Fabric and Microsoft OneLake to deliver industrial AI workload at enterprise scale, enabling Fortune 500 companies to deploy synthetic engineers while leveraging their existing Microsoft investment. The integration connects the IntuiAI platform to industrial data sources through Microsoft OneLake’s secure infrastructure while utilizing multiple AI models, including Azure OpenAI and IntuigenceAI’s own fine-tuned Industrial LLMs running on Azure—alongside an industrial knowledge graph on Fabric, and Azure that captures engineering expertise.

“Intelligently accessing and processing industrial data is vital for the success of any production-oriented business. By integrating IntuigenceAI’s synthetic AI engineer with the Microsoft Fabric open data platform, we are addressing the critical workforce shortage in industrial sectors. This collaboration empowers thousands of Microsoft Fabric customers to easily transform their industrial operations data into actionable insights, driving innovation and efficiency across the industry,” said Uli Homann, Corporate VP & Distinguished Architect, Microsoft.

The integrated solution also enables IntuigenceAI’s synthetic engineers to join Microsoft Teams calls with field engineers, analyze equipment performance in real-time, and handle complex workflows while leveraging Microsoft Fabric as the secure data backbone.

Founded in 2024, IntuigenceAI has 12 employees with team members from Microsoft, Amazon, Meta/Facebook, and the Berkeley AI Research Lab. IntuigenceAI creates synthetic engineers specifically for industrial operations, working with Fortune 500 customers including major energy and oil and gas companies in pilot phases.

Looking ahead, Tanabian envisions that reaching one billion AI engineers globally will fundamentally transform how humanity tackles its greatest challenges. “A billion synthetic engineers will free up human ingenuity from mundane tasks, allowing us to focus on breakthrough innovations,” he explains. This expanded engineering capacity could accelerate breakthroughs in clean energy production, affordable housing and infrastructure, clean water systems, accessible healthcare technologies, sustainable agriculture systems, educational platforms, disaster preparedness, and even space exploration powered by fusion energy and quantum computing. “We’re not just scaling engineering—we’re scaling human potential to solve problems that matter,” Tanabian adds.

Real-World Applications
The IntuigenceAI synthetic AI engineers, which can connect to other systems, join Microsoft Teams calls with field engineers, analyze equipment performance in real-time and handle complex workflows while leveraging Microsoft Fabric as a data store. For instance, when a heat exchanger shows efficiency drops, the Chemical AI Engineer identifies fluid composition changes while the Mechanical AI Engineer reviews inspection and maintenance histories, delivering comprehensive analysis that previously required weeks of coordination between multiple specialists.

Visit https://www.intuigence.ai/ to learn more or reach out to [email protected].

To view the press kit, click HERE.

About IntuigenceAI
IntuigenceAI is a Berkeley-based AI company that creates synthetic AI engineers designed to work alongside human talent in refining, petrochemicals, pulp and paper, steel making, and automotive industries. Founded by former Microsoft, Amazon, and Samsung executive Moe Tanabian, the company aims to expand global engineering capacity from 30 million to one billion engineers worldwide, potentially accelerating breakthroughs in renewable energy, infrastructure development, and clean water systems. IntuigenceAI’s AI agents achieved an 82% pass rate on standardized Professional Engineering exams and are helping Fortune 100 companies automate complex, labor-intensive engineering workflows. For more information, visit https://www.intuigence.ai/.

Media Contact:
[email protected]

SOURCE IntuigenceAI

NEW YORK, July 15, 2025 — Dakota, the crypto-integrated business banking platform, today announced it has raised $12.5 million in a Series A funding round led by CoinFund, with participation from 6th Man Ventures (6MV) and Triton Ventures. The new capital will accelerate Dakota’s mission to build the world’s first globally accessible business bank account, combining the speed and transparency of stablecoins with the safety of U.S. Treasuries to enable modern, borderless finance.

Founded by veterans from Coinbase, Square, and Airbnb, Dakota is reimagining how businesses move and store money across borders. Its platform enables companies to hold and transfer funds across USD or stablecoins while accessing familiar payment rails, such as ACH, Fedwire, SWIFT, and SEPA. Behind the scenes, Dakota leverages blockchain technology to enable near-instant, verifiable transfers, keeping customer funds fully reserved and under the client’s control.

Since launching in 2023, Dakota has already attracted over 500 business customers – from tech startups to international nonprofits – processing billions of dollars in annualized transaction volume. By using stablecoins as settlement rails and backing deposits 1:1 with U.S. Treasuries, Dakota eliminates the counterparty and liquidity risks that have plagued traditional banks, especially in the wake of recent crises like the Silicon Valley Bank collapse.

“Companies are increasingly default global and they‘re being hamstrung by slow wire transfers, limited banking access, and the reality that once money goes into a bank, customers lose control,” said Ryan Bozarth, CEO and co-founder of Dakota. “Our goal with Dakota is to bring banking into the internet age — giving businesses the ability to move money as instantly and freely as information travels, without sacrificing security or compliance.”

The timing couldn’t be better. In the U.S., Congress is making meaningful progress on stablecoin legislation, with bipartisan support coalescing around frameworks like the GENIUS Act, signaling long-awaited regulatory clarity for dollar-backed digital assets. Globally, jurisdictions from the EU to Hong Kong are following suit, accelerating the shift toward compliant, mainstream adoption. Major incumbents are taking notice. Payments giant Stripe recently acquired stablecoin startup Privy and Bridge, while PayPal has launched its own stablecoin to keep pace with evolving market demands. These moves underscore how stablecoins are becoming an integral part of modern payments, offering businesses 24/7, borderless money movement at a fraction of the cost of traditional methods.

“We believe stablecoins can revolutionize business banking,” said Alex Felix, CIO of CoinFund. “Dakota is unlocking that potential by combining the familiarity of a bank account with the power of crypto rails. They‘re not asking mainstream businesses to change how they operate — they‘re upgrading the engine under the hood.” 

With the Series A money in hand, Dakota is expanding its product suite and geographic reach. The startup recently rolled out corporate cards, allowing clients to spend their funds via virtual cards while setting custom spend controls for their teams. It also added support for the international SWIFT and SEPA payment networks, on top of its existing U.S. ACH and wire capabilities, aiming to make sending money abroad as simple as a domestic transfer. Dakota is broadening its onboarding to customers across 100+ jurisdictions, including in the UK, EU (under MiCA regulations), Singapore, and Latin America.

“Business today is borderless, and dollars are a universal language,” notes Bozarth. “We want to give entrepreneurs from Bogotá to Bangalore the same access to U.S. dollar banking that a startup in San Francisco would have.”

From a user perspective, Dakota feels like a typical fintech app; the blockchain complexity stays under the hood. Clients can send or receive payments via regular bank accounts without handling crypto directly, as Dakota seamlessly converts funds to and from stablecoins behind the scenes.

Dakota is betting on a comprehensive approach, blending global payment rails, multi-currency treasury management, and globally available corporate cards, will set it apart. The founding team’s pedigree lends it credibility in both camps: Bozarth and his colleagues built security systems that safeguarded over $100 billion in digital assets, and also helped scale consumer platforms to millions of users. That mix of experience may prove valuable as they navigate the complex intersection of banking and blockchain.

Dakota’s leadership is focusing on execution: growing its customer base, securing more banking partnerships, and continuing to invest in compliance and regulatory efforts. The company is betting that in a few years, startups will routinely hold dollars on-chain and send payments worldwide in seconds, as easily as sending an email. If that vision pans out, Dakota could emerge as one of the pioneers of stablecoin-powered banking. And thanks to its new funding, it has a running start in that race.

Businesses can get started today at dakota.xyz and experience modern banking built for the internet age.

SOURCE CoinFund

SAN FRANCISCO, July 15, 2025 — Tavrn, an AI-driven legal tech platform, announced today the successful close of a $15 million Series A funding round led by Left Lane Capital. Existing investors A*, Hummingbird Ventures, and Box Group also participated in the round, bringing the company’s total funding to $21.6 million.

Founded by Pedro Paulino (CEO) and Vitor Vavolizza (CTO), Tavrn was built to tackle one of the biggest hidden costs for law firms: the countless hours paralegals and attorneys spend manually reviewing medical records, drafting demand letters, and managing client intake. Tavrn uses AI agents to automate the entire workflow, helping firms cut costs, speed up case preparation, and focus on what matters most – winning cases and serving clients.

“Tavrn is committed to becoming the leading AI services company for law firms,” said Pedro Paulino, Tavrn’s CEO. “We’ve proven that automation can radically reduce both the time and cost associated with preparing critical legal documents. This funding will enable us to expand our product suite, accelerate our go-to-market strategy, and establish Tavrn as the must-have platform for modern law practices.”

While many legal tech startups rely on outsourced labor behind the scenes, Tavrn offers a fully autonomous product purpose-built for high-volume personal injury law practices. Most of these firms operate on contingency fees rather than billable hours, meaning speed, throughput, and efficiency directly impact revenue. By automating manual, tedious work, Tavrn helps firms take on more cases with greater accuracy, boosting both capacity and profitability. Demand letters, one of the most time-consuming parts of personal injury case prep, are now fully handled by Tavrn’s AI agents. This reduces the time it takes to prepare each case and drives down costs. The platform also supports other pre-litigation workflows such as client intake, medical record retrieval, and medical chronologies.

Since 2024, nearly $3 billion in venture capital has flowed into legal technology startups, with the majority focused on AI-native solutions. Yet while many entrants promise full-scale automation, few companies have delivered products that truly replace, not just augment, manual work. Tavrn’s team spent nearly a full year working directly with paralegals and attorneys at contingency-fee law firms, shadowing every step of case preparation from intake to settlement. That close collaboration led to a fully automated product tailored to high-volume, documentation-heavy firms—and has driven rapid adoption, sticky usage, and strong word-of-mouth growth. Tavrn stands out in a crowded market for its speed, execution, and product fidelity.

“Tavrn is quietly driving a major workflow shift in a traditionally conservative industry by delivering software that quickly proves its ROI and gives paralegals and attorneys meaningful leverage,” said Matthew Miller, Partner at Left Lane Capital. “Contingency fee-based law firms have a natural economic incentive to operate more efficiently, and Pedro and his team have built a fully autonomous product that allows law firms to process more cases with higher chances for successful outcomes. We are thrilled to partner with the Company as it continues to redefine tedious workflows for legal professionals.”

The funding follows strong traction across the US personal injury market and rising customer demand. Tavrn plans to use the capital to expand its product suite, further build its go-to-market team, and cement its position as the de facto AI platform for high-volume, small law firms. As firms increasingly look for ways to scale without compromising quality, Tavrn is emerging as the trusted partner for automating what is routine—so lawyers can focus on what is strategic.

About Tavrn

Tavrn is an AI technology company based in San Francisco, CA, dedicated to transforming law firms by automating manual and costly workflows. Tavrn’s flagship solution—including AI-driven medical chronologies, demand letters, and medical record retrieval services—empower personal injury law firms to improve operational efficiency and outcomes for their clients.

For more information, visit https://www.tavrn.ai/

About Left Lane Capital
Founded in 2019, Left Lane Capital is a New York and London-based venture capital and growth equity firm investing in high-growth internet and consumer technology businesses globally. Left Lane’s mission is to partner with extraordinary entrepreneurs who create category-defining companies across growth sectors of the economy. Select investments include Bilt Rewards, Steno, Olipop, Talkiatry, Wayflyer, Revv, Fetcherr, Blank Street, Kittl, and more.

For more information, visit www.leftlane.com

SOURCE Tavrn

Cloud-native spatial platform eliminates GIS bottlenecks, reduces deployment time by 75% with AI-powered tools

OAKLAND, Calif., July 15, 2025 — Felt, the leading cloud-native Geographic Information Systems (GIS) platform, today announced it has raised a $15 million funding round led by Energize Capital, with participation from BCV and Footwork. The funding will accelerate Felt’s mission to transform the enterprise GIS experience by injecting artificial intelligence throughout common GIS workflows, ultimately cutting deployment times by 75% and delivering the custom spatial tools modern teams need to achieve their goals.

Today, most critical industries rely on mapping technologies for operations and decision-making, driving what is now a $9.8 billion GIS market. Yet despite this growing demand, accessing and leveraging spatial data remains a challenge. Because traditional GIS platforms demand specialized expertise, business teams are often forced to route mapping and data requests through technical departments, slowing workflows and diminishing the utility of valuable geospatial insights. Felt eliminates this bottleneck by making it simple to connect any cloud source and build high-performance, user-friendly tools that empower teams across the organization.

“We’ve spent the past three years working closely with global enterprises to understand how spatial data can better empower entire organizational workflows—not just GIS teams,” said Sam Hashemi, CEO and Co-founder of Felt and former CEO of Remix (acquired for $100M in 2021). “Despite major investments in cloud infrastructure, spatial data remains underutilized. Felt changes that by combining the power of cloud-native tools with generative AI, making spatial insights faster to access, easier to scale, and more impactful across every business unit.”

Felt’s customer base includes prominent organizations such as MSCI, Arevon, Cambridge Systematics, INTENT, and the County of Santa Barbara Department of Public Works, demonstrating the platform’s versatility across industries and use cases. Their customers are tackling some of today’s most pressing challenges – from delivering renewable energy to mitigating mounting risks posed by climate change.

Felt’s Enterprise GIS platform is also accelerating critical government initiatives while reducing costs substantially. Northern Arizona University delivered cutting-edge fire prevention tool to Arizona Department of Forestry and Fire Management in a fraction of the time and budget initially allocated to the task:

“We needed a tool to share real-time spatial data with dozens of Arizona’s Department of Forestry and Fire Management foresters across the state,” said Alexander Shenkin, Director of the Ecosystem Science and Innovation Lab at NAU. “Our initial estimate was a year of development work and $250,000 in consulting fees. With Felt, our team built the EcoMonitor in just a few weeks, delivering critical forest health and fire-prevention data to the hands of our foresters a year early.”

Despite big investments in cloud data warehouses, spatial data access continues to be a bottleneck that constrains decision-making velocity. Felt AI transforms this dynamic by making it faster to get spatial solutions into the hands of the key business units who need them.

“Our team has done extensive research on the GIS market – and we have found that legacy tools have not kept up with the needs of the modern enterprise, which hemorrhage money on services as a result,” said Juan Muldoon, partner at Energize Capital. “Felt’s customers are delighted by the platform performance and intuitive design that makes it easy for anyone on the team to adopt. Their traction is undeniable, and with AI, they are about to transform the GIS experience even further.”

Felt plans to use this new capital infusion to expand its team and product offerings, including Felt AI development and data analysis tools. To learn more, visit Felt.com.

About Felt

Felt the first cloud-native GIS platform that transforms how modern organizations work with spatial data. Founded in 2021 and headquartered in Oakland, California, Felt combines intuitive design with powerful AI capabilities to deliver unmatched performance, making it simple for any team to build and deploy sophisticated spatial tools.

For more information, visit Felt.com.

About Energize Capital

Energize Capital is a leading investor in climate solutions. Founded in 2016 and based in Chicago, Energize seeks to scale sustainable innovation by partnering with the builders and operators shaping the future. To date, Energize has funded 36 companies and deployed more than $920 million through its Venture and Endurance strategies. Founded in partnership with Invenergy, the firm is backed by strategic, institutional, and impact LPs including Första AP-Fonden (AP1), GE Vernova, Capricorn, CDPQ, Builders Vision, UBS, WEC, Reference Capital, Keeling Capital, Keysight Technologies, WEX Venture Capital, and more. For more information on Energize, please visit www.energizecap.com.

Media Contact:

Rachel Zack, [email protected]

SOURCE Felt

Built by industry veterans, Covenant is redefining the legal industry by building the first AI-powered law firm targeting private market investors

NEW YORK, July 15, 2025 — Covenant, an AI law firm built for private market investors, today announced a $4 million Seed funding led by Flybridge Capital Partners, with participation from Neil Barsky, a former hedge fund manager.

By integrating advanced AI and legal advice, Covenant is able to increase deal velocity and unlock data insights with the same high-quality results as traditional law firms at a fraction of the cost. Since its pioneering launch in January 2024, top-tier endowments, foundations, fund of funds, sovereign wealth funds and other allocators have trusted Covenant as the only AI solution that can meet all of a client’s demanding accuracy, timing and security standards.

Covenant uses multiple foundational models to eliminate dependence on a single model and provide clients with the benefits of the latest AI developments quickly and effortlessly. AI-powered results undergo human verification, allowing clients the ability to harness the power of this technology with full confidence. Covenant upholds the highest standards of privacy and security with its SOC 2 Type II certification, ensuring responsible AI use through strict data protections – no training on client data, zero data retention, and anonymization of sensitive information.

“At Covenant, our goal is to empower private market investors to be radically smarter,” said Jen Berrent, CEO and co-founder of Covenant and former WeWork COO and Chief Legal Officer. “We built a legal solution from the ground up. We have combined the capabilities of AI – moving faster, saving costs and simplifying complexity – with the skill of lawyers – deep industry knowledge, unparalleled attention to detail and clear judgment. This funding will enable us to deliver on our vision to modernize legal systems for the private markets.”

Covenant’s limited partnership agreement (LPA) review tool delivers a robust summary within two business days, outpacing any other alternative. Today, Covenant is also announcing the launch of the first AI-powered Most Favored Nation (MFN) election tool designed for limited partners. With Covenant, the time it takes for clients to analyze hundreds of pages is reduced from hours to minutes. Over the past several months, Covenant has launched several other tools that are purpose-built for private market investors, including fund manager due diligence and NDA first-draft mark-ups.

“Covenant is redefining legal infrastructure for institutional capital,” said Jesse Middleton, General Partner at Flybridge Capital Partners. “As LPs face increasing complexity and compliance burden across their portfolios, the legal tech company is offering a unique AI solution that will fundamentally reshape how private market investors operate. I had the chance to work with Jen Berrent during the early days of WeWork Labs, where her legal expertise and commitment to founders stood out. That same clarity of vision is what makes Covenant such a powerful force for change in this industry.”

About Covenant
Covenant is the only AI law firm targeting private market investors. Built by curious lawyers and seasoned technologists, Covenant is reimagining the experience of legal work. With Covenant, clients dramatically reduce fees, increase transaction velocity, and unlock data insights across the investment lifecycle. Covenant’s client roster includes leading endowments, foundations, sovereign wealth funds and other global institutional investors. Headquartered in New York, Covenant is led by Jen Berrent (former COO and CLO of WeWork) and Richard Perris (former General Counsel of CVC). The company is backed by Flybridge Capital Partners.

SOURCE Covenant

Backed by Insight Partners, Heron automates document-heavy workflows in insurance, lending, and finance — bringing reliable AI to businesses and allowing humans to focus on complex tasks

NEW YORK, July 15, 2025 — Heron, a startup using AI to automate workflows in business lending, equipment finance, and insurance, has raised $16 million in Series A funding led by global software investor Insight Partners, with participation from existing investors Y-Combinator, BoxGroup and Flex Capital. The Series A will support Heron’s next phase of expansion, helping the company scale its AI-driven solutions to more segments.

While many AI startups target developers or other technologists, Heron is at the frontier of deploying AI into real-life business operations in traditional industries like lending, banking, and insurance. Heron’s mission is to free up humans to focus on judgment-based work and complex edge cases while software handles the repetitive, monotonous work. Heron focuses on serving companies without large engineering departments, enabling more businesses to reap the rewards of the rapid advances in AI.

Heron’s system can automate time-consuming manual workflows end-to-end, completing tasks automatically or flagging edge cases for human review. That reliability has led many customers to fully offload entire processes to Heron — freeing up their teams to focus on critical work.

For example, SMB lenders employ teams of underwriting analysts that spend hours on repetitive intake work — scanning email inboxes for submissions, downloading and renaming files, checking packet completeness, manually entering data into CRMs, and running basic eligibility checks. Using Heron, these hours of work can be accomplished in seconds, and with higher accuracy, full auditability, and no manual overhead.

This focus on reliability and solving problems end-to-end has attracted more than 150+ customers to Heron, including insurance carriers and FDIC-insured banks, and enabled the company to process over 350,000 documents per week. One lender cut submission-to-decision time by 60%, while an insurer used Heron to automate over 80% of its inbound submission triage.

“Anyone who tells you they use AI to automate work with 100% accuracy is probably lying to you. Instead of chasing accuracy, we focus on clearly understanding where our software is successful and where humans still need to review. This allows customers to use Heron in situations where millions of dollars are at stake and reap the rewards of the AI revolution in a reliable fashion that drives business outcomes,” said Johannes Jaeckle, co-founder and CEO of Heron.

Founded in 2020 by Dom Kwok, Jamie Parker, and Johannes Jaeckle, Heron launched out of Y-Combinator’s Summer 2020 batch, initially building products for financial services companies with earlier generations of AI in the pre-ChatGPT era. The company eventually landed on a core insight: traditional industries weren’t waiting for flashy new tools — they were drowning in unstructured data, and paying millions of dollars a year to deal with it. In 2023, as LLMs matured, Heron pivoted to focus on AI document workflow automation. With minimal outside capital, the team tripled annualized revenue in 2024 and has continued to expand its presence in insurance and specialty finance this year.

“Heron’s AI models with vertical specific context automate the end-to-end data processing workflow, enabling automation and driving competitive differentiation in industries where speed to decisioning is of the essence,” said Philine Huizing, Managing Director at Insight Partners. “Heron’s founding team—Johannes, Jamie, and Dom—are an experienced trio that has proven their ability to adapt and execute. We’re thrilled to partner with them and the entire Heron team as they continue to scale up.”

The new capital will be used to scale Heron’s presence in insurance, equipment finance and SMB lending, while expanding into adjacent verticals that have shown demand for Heron’s solution. The company plans to grow its engineering and go-to-market teams in New York and London, and continues to invest in internal AI Tooling to enable a small team to serve more and more customers.

“We’ve proven we can win in one segment,” said Jaeckle. “Now we’re going workflow by workflow, industry by industry — giving people hours back in their day by eliminating time-intensive manual work.”

About Heron

Heron automates document-based workflows across industries like lending, insurance, and equipment finance. By turning unstructured documents into structured, actionable data, Heron helps companies process information faster, more accurately, and with less manual effort. Heron is based in New York and London, with the team bringing a wealth of experience from top-tier tech companies including Facebook, Spotify, N26, Revolut and Taptap Send.

Learn more at herondata.io

About Insight Partners

Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2024, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.

SOURCE Heron

A new class of AI-native infrastructure is setting the benchmark for how contractors compete in the new federal economy

SAN FRANCISCO, July 15, 2025 — Vultron, the creator of the Agentic Operating System transforming federal growth, announced today that it has raised a total of $22 million, including its latest Series A funding round. The round was led by Raycroft with participation from Craft Ventures, Long Journey, South Park Commons and strategic angel investors. Craft Ventures, co-founded by White House AI adviser David Sacks, backed the round, signaling investor confidence that Vultrons is the category-defining system for AI-driven federal growth. This funding will accelerate Vultron’s mission to transform enterprise federal growth and elevate the workforce.

“This raise reinforces Vultron’s position as a key partner for contractors navigating a rapidly evolving federal landscape,” said Mac Liu, CEO of Vultron. “Demand for our product has never been stronger, and with this new capital, we’re ready to support our customers even more deeply and effectively.”

Vultron’s Agentic OS is purpose-built for the demands of a shifting federal procurement landscape where speed, strategic precision and alignment with national priorities like digital modernization, AI-readiness and resilience determine who wins. The platform has attracted a significant number of multibillion-dollar Fortune 500 enterprises and leading federal contractors across defense, aerospace, technology and other mission-focused organizations. Customers report reducing proposal timelines from weeks to days, tripling pipeline coverage, and unlocking substantial workforce leverage—one Fortune 500 enterprise now saves more than 20 hours per user each week on capture and proposal execution.

“Working with Vultron is like doubling our team overnight,” said Director of Capture and Proposal at a top defense contractor, Rachel Wyatt. “We have increased productivity by more than 30% without expanding headcount.”

“Vultron is redefining the future of work for government contractors and commercial organizations in mission-critical industries,” said Bryan Subijano, investor at Greycroft. “Vultron infuses AI and federal contracting expertise into an intelligent, best-in-class platform, enabling companies to centralize data, create organizational intelligence and leverage AI to develop higher quality proposals faster. Customers across Fortune 500 and SMB organizations achieve tremendous results that transform their business. We are excited to partner with Mac Liu and the entire Vultron team.”

The investment will expand Vultron’s research team and accelerate its go-to-market strategy, enabling the company to meet the demand for their Agentic OS and advancing the future of work, where AI doesn’t just automate tasks but transforms how federal teams operate, grow and scale.

About Vultron
Vultron is the Agentic Operating System for federal growth, setting a new benchmark for how contractors pursue, develop and win work. By combining AI-native infrastructure with modular workflows and embedded strategic guidance, Vultron enables business development and proposal teams to operate with greater speed, clarity, and precision. Headquartered in San Francisco and backed by top-tier investors including Greycroft, Craft Ventures, Long Journey and South Park Commons, Vultron is redefining how federal contractors compete in a rapidly evolving federal landscape. For more information, visit vultron.ai.

Media Contact:
Vultron Media Team
4236055553
[email protected]

SOURCE Vultron