1,000+ locations. Industry-leading 85 NPS. A better way to stay.

SAN FRANCISCO, May 28, 2025 — The short-term rental market is massive, but it remains deeply fragmented. For guests, every booking feels like a gamble. For owners, managing a property is anything but passive. The result is an experience that’s often inconsistent, unsupported, and unreliable. Consistency and quality is needed now more than ever. Wander is fixing that—end to end.

Today, the company announced a $50 million Series B funding round, co-led by QED Investors and Fifth Wall with participation from Redpoint Ventures, Uncork, Starwood, and Breyer Capital and many other returning and new investors. The capital will accelerate Wander’s expansion and deepen its investment in WanderOS, its proprietary AI operating system that manages logistics and guest needs with hotel-grade consistency, at scale.

“We are excited to continue to support John Andrew and the whole Wander team by co-leading their Series B round. Wander has built a world-class brand with industry-leading software to bring the Wander experience to thousands. Reviews have been overwhelmingly positive with NPS scores in the 70s and 80s. In just one year, the company has signed over 1,000 homes and looks to continue adding coverage to the map. WanderOS has enabled this tremendous growth while making the process for owners to onboard to Wander seamless,” said Chuckie Reddy, Partner at QED Investors.

“The short-term rental market represents a massive and under-optimized asset class, and Wander is uniquely positioned to lead it into its next chapter,” shared Dan Wenhold, Partner, Fifth Wall. “By combining premium inventory, a trusted brand, and category-defining software, Wander is setting a new standard for consistency and scale in a historically fragmented space—delivering an end-to-end, high-touch, high-quality travel experience. We’re proud to co-lead this round and to continue backing John Andrew and the Wander team as they redefine the future of travel.”

A Better Way to Stay. A Better Way to Find Your Happy Place.

Wander is building the first true brand in short-term rentals—one that combines the dependability of a luxury hotel with the warmth and character of a thoughtfully designed home. Rather than trying to capture the entire market, Wander focuses on the top 5% of properties, the homes that already drive 30% of the industry’s revenue. These properties are then elevated through WanderOS, which brings consistency and operational excellence across every single touchpoint of the guest and owner experience.

With Wander, every stay includes:

• Spaces that look even better than the photos
• Premium beds, fast Wi-Fi, and seamless check-in
• Smart, always-available concierge support powered by humans and AI

In Q1 2025, Wander earned an industry-leading customer NPS of 85, demonstrating that trust and satisfaction are not only possible in this category: they’re scalable.

Scaling Hospitality with AI

WanderOS is transforming the way short-term rentals are operated, automating everything from listing creation to maintenance coordination. Wander is on track to automate 95% of operational tasks within the next 18 months.

As of April 2025, Wander has more than 1,000 incredible homes live, up 14x year over year, and has seen:

• 35,000+ total nights booked as of Q2 2025
• A 92.1% customer satisfaction rate and a 9.3/10 average trip rating
• 27% repeat customer booking rate

This growth is powered by Wander’s ability to deliver a unified platform that addresses guest experience, owner satisfaction, and operational efficiency, all at scale.

Positioned for Global Impact

Wander is targeting the $35B+ tier of luxury homes across North America and beyond – the properties that guests remember and owners seek to maximize. With this Series B funding, Wander will expand into new markets, invest further in AI-powered operations, and continue building a global brand grounded in quality, trust, and technology.

In a fragmented category, Wander is stitching it all together. Unrelenting brand standards. Customer delight. Distribution. Operations. All under one roof. For those who believe short-term vacation rentals should be more reliable, more enjoyable, and more inspiring, Wander is building the future.

Find your happy place.
Wander.com

Contact
Cristin Culver
[email protected] 

SOURCE Wander

Software investment firm continues to back ambitious founders with shared values, long-term vision, and a focus on building enduring market leadership.

KANSAS CITY, Mo., May 28, 2025 — Five Elms Capital, a software-focused growth equity firm, today announced the October 2024 closing of Five Elms VI with $1.1 billion in total commitments, the largest fund in firm history. The oversubscribed fund drew strong participation from both existing and new limited partners and meaningfully expanded Five Elms’ global investor base. With the close of Fund VI, Five Elms has increased assets under management to over $3 billion and is empowered to continue acting as a trusted partner for fast-growing, founder-led software companies.

In Fund VI, Five Elms will continue partnering with software companies that have proven business models, differentiated products, strong customer loyalty, and are poised for meaningful scale. These companies typically have strong foundations and are at a growth inflection point, where focus turns to expanding leadership teams, creating scalable operations, and enhancing products to stay ahead of competitors. Founders typically choose Five Elms for its unique culture and hands-on support, backed by nearly two decades of experience partnering with over 70 software companies globally.

“We’re very grateful for the continued support of our existing investors and thrilled to welcome new limited partners to Fund VI,” said Fred Coulson, Founder and CEO of Five Elms Capital. “Since 2006, we’ve partnered with founders who have built strong products and distinct company cultures to help them scale into category leaders. Our team is purpose-built to support that transition and is ready to roll up their sleeves alongside our partners.”

Five Elms’ value creation team is a foundational part of the firm’s strategy and supports portfolio companies with practical, hands-on expertise as they scale. The team includes 17 in-house software operators with deep experience across executive recruiting, finance, sales and marketing, customer success, product development, and AI enablement. Built to complement founder-led organizations, the value creation team works closely with portfolio company management to accelerate revenue growth, strengthen customer retention, optimize product & AI-enablement, and implement scalable operations to support long-term success.

Five Elms VI has already made four platform investments in high-growth software companies:

• Magma Math – AI-enabled digital learning platform helping students and teachers engage with math through intuitive, open-ended problem solving.
• RoomPriceGenie – revenue management solution empowering independent hotels to optimize pricing through automation and AI.
• Pathify – student experience platform connecting higher education institutions with their students through personalized communication and workflow tools.
• Motivity – practice management and data platform purpose-built for behavioral health providers.

“As a founder, it was important to find a partner who understood what we were building—not just in terms of product, but in how we think about team and culture,” said Henrik Appert, Founder and CEO of Magma Math. “With Five Elms, we found a team that shares our values, brings meaningful operating experience, and is willing to engage on the things that actually move the business forward. They’ve been thoughtful, collaborative, and focused on helping us scale the right way.”

Evercore Private Funds Group acted as the exclusive global placement agent for Five Elms VI, and Foley & Lardner LLP served as fund formation counsel.

Please direct all inquiries to [email protected].

About Five Elms
Five Elms Capital is a growth investor in software businesses that users love, providing capital and resources to help companies accelerate growth and further cement their role as industry leaders.

With over $3 billion in assets under management and a team of over 80 professionals, Five Elms has invested in more than 70 software platforms worldwide. Beyond providing capital, Five Elms delivers strategic and operational expertise, focused on executing initiatives that move the needle on growth, retention, product, and AI to set companies up for long-term success. For more information, visit fiveelms.com.

SOURCE Five Elms Capital

RADNOR, Pa., May 28, 2025 — Connor McMahan today announced the launch of Virent Capital, a private equity firm headquartered in Radnor, Pennsylvania, focused on partnering with founder-led services and consumer companies across the U.S. lower middle market.

Virent was founded on the belief that the next generation of private equity success will be driven by deep sector insight, technology enablement, and hands-on value creation, not simply capital. The firm blends a research-driven, thesis-led investment approach with Virent Drive™, a proprietary technology-enabled operating platform powered by an elite network of experts and capabilities designed to help companies modernize, scale, and accelerate growth.

While Virent will focus primarily on services and consumer businesses, it will selectively partner in other sectors where digital enablement and operational modernization can meaningfully accelerate performance.

Connor McMahan is the Founder and Managing Partner of Virent Capital.  He brings more than a decade of experience leading investments as a former Partner at L2 Capital. “Virent was created to meet the needs of founders looking for more than just capital. We are building a firm purposefully designed for this segment of the market, offering the structure, resources, and strategic support to help companies scale with focus and integrity,” noted McMahan.  “I am grateful to my mentor and anchor investor, Bob Levine, and to our senior advisors for their belief in my vision.  Their support and partnership are instrumental to what Virent is building.”

Virent targets control investments in U.S.-based companies with under $8 million of EBITDA. The firm is particularly well-suited for businesses seeking their first institutional partner, especially those undergoing an analog-to-digital shift, and brings over a decade of strategic and operational investing experience. At a time of rapid technological transformation, Virent delivers the ability to unlock growth through rigorous strategy and operational improvements, as well as proprietary capabilities in IoT (Internet of Things), artificial intelligence and machine learning, application development, ecommerce and performance marketing—a level of enablement that remains highly differentiated in lower middle market private equity settings.

Bob Levine, Founder of L2 Capital, has committed capital to support the firm’s long-term vision and growth, and commented on Virent’s launch: “Connor and I have worked closely together for more than a decade, and I’ve had the opportunity to see his instincts and discipline as an investor play out time after time. He has consistently earned the trust of founders and delivered strong outcomes for all stakeholders. My family and I are proud to support him in this next chapter and are confident in his ability to grow, build, and succeed with Virent over the coming years.”

About Virent Capital
Virent Capital (www.virentcap.com) is a private equity firm focused on digitally enabling the next generation of founder-led services and consumer companies. Headquartered in Radnor, PA, the firm targets control investments in U.S. lower middle market businesses, typically those with under $8 million of EBITDA. Virent combines a thesis-led investment model with Virent Drive™, its proprietary growth platform that leverages a curated network of technology, digital, and operating partners to accelerate performance and build lasting value.

Media Contact
Emma Dougherty
[email protected] 
(484) 222-3419
www.VirentCap.com

SOURCE Virent Capital

HealthX Ventures backs Minset’s intelligent agent, Mia, to automate claims, denials, and payments across the revenue cycle.

BOSTON, May 28, 2025 — Minset, the company behind the first multi-skilled agentic AI platform purpose-built for healthcare revenue cycle management, today announced a seed funding round led by HealthX Ventures, a leading digital health venture firm. The funding will accelerate product development and scale go-to-market efforts as Minset expands its platform to more healthcare organizations worldwide.

As part of this next phase of growth, Minset also announced the appointment of Mike Luessi to lead Growth & Operations. Luessi joins CEO Trey McMillian and CTO Matt Scott, bringing more than 20 years of experience building and scaling high-growth companies. This rounds out an experienced leadership team with deep expertise at the intersection of AI R&D, and scaling complex platforms in healthcare and enterprise technology.

“The investment from HealthX and the addition of Mike to our team accelerates our mission to fix one of healthcare’s toughest financial challenges: Revenue Cycle Management,” said Trey McMillian, CEO of Minset. “We built Minset to end the chaos, not manage it. Our agentic AI platform doesn’t just track revenue work, it does the work. Mia, our multi-skilled AI agent thinks, reasons, and acts to get healthcare organizations paid.”

Meet Mia: Multi-Skilled Agentic AI That Gets Healthcare Paid

Minset is pioneering a new category in healthcare operations: the Autonomous Revenue Cycle (ARC). At the heart of the platform is Mia, Minset’s intelligent, multi-skilled agentic AI. Unlike other platforms that rely on a complex mix of orchestrated single-skilled agents and other tools, Mia handles it all. From coding and denials to payments, Mia’s got it – no bots to wrangle nor micromanagement required.

Mia learns, reasons and resolves revenue cycle issues quickly, helping providers prevent denials, recover revenue, and operate at scale. She works 24/7 and continuously evolves to keep up with payer rules, regulatory shifts, and operational complexity.

Helping over 300 healthcare organizations to date, Mia powers three core products: mCoder to automate medical coding, mDenials to manage denials, and m360 for patient engagement (propensity to pay).

From hospitals and clinics trying to get paid for the care they provide, to insurers overwhelmed by administrative burden, Mia brings intelligence, speed, fairness, and transparency to healthcare finance.

“We are thrilled to partner with Minset to create cutting-edge AI technology to transform healthcare operations,” said Jan Grimm, CEO of Savista, a leading healthcare revenue cycle management services company. “Our combined expertise will empower healthcare organizations with smarter, faster, and more efficient revenue cycle solutions. By partnering on AI solutions, including AI agents, we are poised to modernize the RCM space, delivering unprecedented value to healthcare providers.”

HealthX Ventures, known for investing in companies modernizing healthcare infrastructure, sees Minset as a step-change in the application of AI to healthcare financial operations.

“Minset isn’t automation, it’s autonomy,” said Kristi Ebong, Partner at HealthX Ventures. “This is the first platform we’ve seen that truly replaces the manual work of the revenue cycle, without requiring providers to rip and replace their core systems. The team is solving a real problem with real AI, and the traction speaks for itself.”

“Traditional systems have hit their ceiling. Minset gives healthcare a new ceiling—or better yet, removes it. It delivers clarity where there was chaos, and outcomes where there were only excuses. They’re building what could become the most important financial infrastructure company in healthcare,” said Ebong.

The Minset Platform integrates seamlessly with major EHR and claim workflow systems, replacing spreadsheets, queues, and legacy processes, with a multi-skilled AI agent who’s always on, always improving, and always delivering outcomes.

To learn more, visit www.minset.ai

Media Contact: Mike Luessi  [email protected]

About Minset

Minset created the first multi-skilled agentic AI platform purpose-built for healthcare revenue cycle management. Designed to think, reason, and act across the entire revenue lifecycle, Minset’s platform helps healthcare organizations get paid, automatically, accurately, and at scale. Its suite of intelligent products: mCoder for autonomous medical coding, mDenials for denials management, and m360 for patient engagement, replaces manual work and fragmented tools with one, state-of-the-art agentic AI system. Founded by experts from Google, Microsoft, Optum and Salesforce, and backed by HealthX Ventures, Minset is helping providers reclaim time, reduce burnout, and achieve financial clarity in an increasingly complex environment. To learn more, visit www.minset.ai.

About HealthX Ventures

HealthX Ventures is a digital health-focused venture capital firm investing in companies that make healthcare more efficient, affordable, and accessible. The firm partners with founders building scalable, enterprise-grade technology solutions that move the industry forward. Learn more at www.healthxventures.com.

SOURCE MInset AI, Inc

• Cerby to use new capital to further innovate its entire solution suite and scale operations in North America and EMEA region.
• Round was led by DTCP with participation from Okta Ventures, Salesforce Ventures, and Two Sigma Ventures.

SAN FRANCISCO, May 28, 2025 — Cerby, the fastest-growing platform for identity security automation globally, has announced today a $40 million Series B funding round. The round was led by DTCP with participation from existing backers including Okta Ventures, Salesforce Ventures, and Two Sigma Ventures.

As SaaS, cloud, mobile, and on-premise applications continue to proliferate, the enterprise attack surface has expanded dramatically, making the need for autonomous, scalable, state-of-the-art identity security solutions bigger than ever.

Cerby is the first to automate the full identity lifecycle for disconnected applications—from credentials and authentication to lifecycle management and privileged access. It works horizontally across Enterprise Password Management (EPM), Identity and Access Management (IAM), Identity Governance and Administration (IGA), and Privileged Access Management (PAM) systems, helping customers extend protection to the applications and user identities that traditional tools can’t reach.

Cerby will invest the new capital to expand the Cerby Application Network in response to growing customer demand. This will include continued investment in the company’s agentic AI capabilities and making the platform extensible. Cerby will also use the latest funding to further innovate its entire solution suite while scaling go-to-market operations in North America and EMEA.

As part of this strategy, Cerby is prioritizing growth in key markets such as Germany, France, the UK., along with strategic Middle Eastern regions, where regulatory pressure and increasing enterprise complexity are accelerating demand for solutions that secure disconnected applications at scale.

Belsasar Lepe, co-founder and CEO of Cerby, comments: “From day one, we’ve been laser-focused on eliminating the operational burden and security risk created by manual identity workflows—automatically, intelligently, and at scale. We’re building a world where identity security is fully automated—eliminating human error and ensuring no app is left behind.”

Lance Matthews, Partner at DTCP, shares: “We are thrilled to be partnering with Cerby to support them in this exciting new stage of growth. The identity security industry is undoubtedly overdue for transformation—and Cerby is leading that shift with a true platform approach. I am confident that together with Belsasar and the team, Cerby will be able to execute on their bold vision, continuing to build on their proven solutions and unique platform.”

Since raising its Series A less than 20 months ago, Cerby has 10x’d ARR and grown its customer base 5x. The platform now automates identity workflows across more than 2,000 applications and supports over 100 organizations worldwide.

Global brands, including L’Oréal, Fox, Allstate, Chime, and Dentsu rely on Cerby’s platform to automate critical security workflows across their most complex environments.

Media Contact

Kekst CNC: [email protected]

About Cerby

Cerby is the identity automation platform purpose-built to secure disconnected applications—those that fall outside the reach of traditional identity security tools. By integrating with existing IAM, IGA, and PAM systems, Cerby brings centralized access controls, automates manual security tasks, and extends governance across your entire application ecosystem. IT and security teams gain complete visibility and control, reducing risk and operational overhead. Founded in 2020, Cerby is backed by leading investors and trusted by global enterprises.

Meet the Cerby team at the Identiverse conference in Las Vegas from June 3–6 at Booth #709, or book a meeting with our team to learn more.

About DTCP

DTCP is an investment management firm with $3 billion in assets under management and over 50 professionals. DTCP has offices in San Francisco, Hamburg, Frankfurt, Berlin, London, Luxembourg, and Tel Aviv.

DTCP Growth invests in leading companies with a focus on cloud-based enterprise software. The team has made over 42 investments in US, Europe, and Israel, with notable investments including Arctic Wolf Networks, Auth0 (acquired by OKTA), Guardicore (acquired by Akamai), Fastly (NYSE: FSLY), Cohere, LeanIX (acquired by SAP SE), Pipedrive (acquired by Vista Private Equity), and Signavio (acquired by SAP SE). For a full list of portfolio companies please refer to www.dtcp.capital/growth-equity

“DTCP” is a trading name for companies for alternative investments as well as distribution, fund advise and service companies. The relevant legally responsible entities, which offer products or provide services to clients or the respective funds, are named in the relevant contracts, marketing documents or other product-specific information.

For more information on DTCP, visit dtcp.capital.

SOURCE Cerby

New funding will help enterprises maximize AI profitability and create a unified standard for cloud business efficiency

BOSTON, May 28, 2025 — CloudZero, the globally trusted leader in proactive cloud cost efficiency, today announced a $56 million Series C funding round following another year of triple-digit growth. The funding will accelerate the company’s mission to power efficient innovation for cloud-driven organizations. The round was led by BlueCrest Capital Management and Innovius Capital, with participation from Matrix Partners, Threshold Ventures, Underscore VC, and G20 Ventures. MongoDB also made a strategic investment.

The funding will fuel AI-driven research and development, expand CloudZero’s go-to-market efforts, and strengthen its partner ecosystem.

With cloud spending projected to reach $2 trillion by 2030 and AI workloads reshaping infrastructure needs, CloudZero helps enterprises scale efficiently, improve unit economics, and stay ahead of the curve.

“Organizations that optimize their cloud costs gain a competitive advantage, while those that neglect cost management risk limiting their growth and innovation,” said Michael Platt, founder and CEO of BlueCrest Capital Management. “CloudZero gives customers financial control and predictability in the cloud — helping them boost profit, eliminate surprises, and reinvest in the next wave of innovation in critical areas like AI.”

CloudZero helps modern engineering teams understand, control, and optimize their cloud and AI infrastructure costs — connecting cloud decisions directly to business outcomes.

“AI is redefining what’s possible — but without a deep understanding of cloud unit economics, innovation becomes unsustainable,” said Phil Pergola, CEO of CloudZero. “CloudZero is pioneering a new standard for cloud cost optimization, giving companies the precision they need to scale cloud and AI responsibly.”

Already trusted by many of the world’s largest organizations — like Coinbase, DraftKings, Expedia, Moody’s, and Nubank — CloudZero will use its Series C funding to accelerate:

• AI-driven cost analytics and forecasting
• Deeper integrations across developer and finance workflows
• Expansion of strategic partners and cloud alliances

“This was a perfect time to partner with CloudZero,” said Benjamin Cefalo, senior vice president of product management at MongoDB. “The future of FinOps goes far beyond simple cost-cutting — it’s about cloud business efficiency. CloudZero is the only player in the market that truly understands this and is actively innovating toward that broader vision.”

About CloudZero

CloudZero is the leader in proactive cloud cost efficiency. We enable engineers to build cost-efficient software without slowing down innovation. CloudZero’s next-generation cloud cost optimization platform automates the collection, allocation, and analysis of cloud costs to uncover savings opportunities and improve unit economics. We are the only platform that enables companies to understand 100% of their operational cloud spend and take an engineering-led approach to optimizing that spend. CloudZero is used by industry leaders worldwide, such as Coinbase, Klaviyo, Miro, Nubank, and Rapid7. Visit cloudzero.com to get started today.

SOURCE CloudZero

MIAMI, May 27, 2025 — Portal Access, Inc., a medical device start-up company pioneering next-generation advanced vascular access solutions for oncology, announced the successful closing of a $7 million Series A financing round today. The round was fully subscribed, reflecting strong investor support for the company’s vision and technology. Over 80% of the round was led by U.S physician investors including oncologists, interventional radiologists, cardiologists, vascular surgeons and others, in addition to a partnership from a U.S based venture capital fund; underscoring strong clinical conviction and belief in the device’s potential to modernize cancer care drug delivery.

The funds will support regulatory activities and the planned 510(k) submission for approval to the U.S. Food and Drug Administration (FDA) for Flexi-Port^™ SLF-TANL^™, a novel subcutaneous port designed to simplify vascular access for oncology patients and a limited market launch. 510(k) submission is expected July 2025 and U.S market launch is anticipated in early 2026. The device is intended to enhance usability, reduce complexity, broaden accessibility and decrease costs.

Dr. Michael Tal, Founder and CEO of PorTal Access Inc. says “Closing this funding round represents an important milestone as we work toward regulatory approval. Flexi-Port^™ SLF-TANL^™ is engineered with a focus on simplicity, stability, and scalability — likely to support more efficient workflows in oncology access settings. It’s a solution for both clinicians and patients and created with the most optimal patient outcome and experience in mind.”

Despite being the standard of care, it is estimated that nearly half of cancer patients do not receive a chemo-port due to various reasons like delay in treatment. By simplifying access and potentially enabling placement in additional care settings, The Flexi-Port^™ SLF-TANL^™ device may help reduce treatment delays, procedural risks, and overall healthcare costs — improving the patient experience and operational efficiency across cancer care delivery.

“I have used the Flexi-Port SLF-TANL to provide chemotherapy in some of the most vulnerable patients and it has consistently exceeded expectations,” says Matthew Ostroff, RN, MSN, AGACNP, VABC, a pioneer in the field of bedside vascular access. “Its innovative self-tunneling technology is a revolutionary advancement offering a less invasive option that can be placed safely at the bedside or in an outpatient setting. From a clinical perspective, this technology has the potential to transform the standard of care in port placement – offering patients a more dignified, convenient, and compassionate experience at a time when it matters most.”

Angela Dotson, Executive VP of Business Development at PorTal Access, Inc. said, “In my career, I have never witnessed this level of enthusiasm from physicians for a medical technology. During our Series A round, the demand for the Flexi-Port^™ SLF-TANL^™ was overwhelming—$6 million of our funding came directly from individual physician investors. This type of physician-driven investment is both remarkable and virtually unprecedented. From a market development perspective, the response has been equally compelling. We are seeing significant interest from clinics and hospitals across the country, many of which are already preparing to integrate the Flexi-Port^™ SLF-TANL^™ into their practice as soon as it becomes available. They’ve been waiting more than 30 years for an innovation like this. Today, we are one step closer to delivering this transformative solution to clinicians and their patients.”

About PorTal Access, Inc.:
PorTal Access, Inc. is committed to designing solutions that aim to reduce complications currently associated with chemo port placement while offering a safe and minimally invasive option for bedside or in an outpatient setting. Flexi-Port^™ SLF-TANL^™ is currently not available for sale.

For more information or to be added to our market launch, please contact:
Angela Dotson
Executive VP Business Development
540-817-5515
[email protected]

SOURCE PorTal Access, Inc.

Pioneering collaboration marks a major step toward a smarter, faster, and more sustainable AI-enabled construction industry

REDWOOD CITY, Calif., May 27, 2025 — Neuron Factory, a Silicon Valley-based AI startup dedicated to revolutionizing the construction industry through cutting-edge AI software, announced its seed funding round and a strategic partnership with Cordeel Group, one of Europe’s premier one-stop partners for the complete construction process.

Neuron Factory’s AI coworker platform is powered by a proprietary enterprise task graph—a dynamic system that maps tasks, roles, and knowledge across an organization. This enables AI agents to operate intelligently within complex construction environments, supporting real-time coordination, task delegation, and decision-making. In an industry that relies on a complex web of discrete legacy tools, the company believes that agentic AI coworkers that orchestrate context-specific agents and allow teams at work to focus on their areas of expertise will improve efficiency throughout every phase of the construction process.

Neuron Factory was founded by a seasoned team of technology leaders: Zaid Kahn, formerly Vice President of Engineering at Microsoft; Salil Pandit, former Chief Product & Technology Officer at PrimaryBid and Engineering Lead at Waymo; and Tom De Raedt, founder of Escher Cloud. Their combined expertise spans AI systems, model training, and datacenter infrastructure—now focused on revolutionizing enterprise work in construction.

The company also announced $6 million in seed funding in an over-subscribed round, from Activant Capital, Colle Capital, Karman Ventures, Punch Capital and strategic investors including Filip Cordeel, Chairman of Cordeel Group.

“Construction stands as one of the largest and most intricate global industries—yet it remains largely untouched by the transformative power of real AI,” said Zaid Kahn, CEO and co-founder of Neuron Factory. “We’re proud to partner with Cordeel Group, a company that shares our belief in the transformative power of AI. Cordeel’s leadership and vision are helping shape the future of construction, and we’re excited to support their journey with our AI coworker platform.”

As the first construction company to pilot Neuron Factory’s AI coworker platform, Cordeel is reinforcing its commitment to delivering faster project timelines, higher returns for customers, and a more sustainable construction environment. The AI platform, designed to integrate seamlessly with existing construction workflows, will help Cordeel accelerate project execution, optimize resource use, and lay the groundwork for a new era of data-driven, transparent construction.

“At Cordeel Group, innovation is not just a strategy—it’s a catalyst for meaningful change and a reflection of our deeper purpose to build a more sustainable world for people and planet,” said Pascale Van Damme, CEO of Cordeel Group. “This partnership is a powerful step forward in our mission to transform the construction industry into a connected, intelligent, and regenerative ecosystem. By embracing AI, we’re not just enhancing our operations—we’re empowering our people, strengthening collaboration across the value chain, and creating the data foundation for transparent, traceable building passports that serve the EU’s climate goals. Together with Neuron Factory, we are shaping a future where innovation serves society, and where progress is measured not only in efficiency, but in the lasting value we create for generations to come.”

“At Cordeel, we have always believed in the power of innovation to drive human progress,” said Filip Cordeel. “This partnership with Neuron Factory is a testament to our commitment to leveraging cutting-edge technology to create a more efficient, sustainable, and future-proof construction industry. We are honored to lead this groundbreaking transformation, driven by a vision that will not only elevate our projects but also inspire lasting, positive change for our industry and our planet.”

“We believe that Neuron Factory isn’t just building another enterprise tool, they’re creating a new way for people and AI to work together,” said Victoria Grace, founding partner at Colle Capital. “Their approach to embedding agentic intelligence through a task graph and orchestration—where AI agents don’t just assist but autonomously learn, adapt, and collaborate—is exactly what the future of labor requires.”

About Neuron Factory

Founded in February 2025, Neuron Factory, Inc. is building the future of enterprise work through intelligent AI coworkers. Neuron Factory’s platform leverages a proprietary skills graph to orchestrate task execution and decision-making with AI agents through a unique user experience. The company is headquartered in Redwood City, CA.

Learn more at https://www.neuronfactory.ai/ or visit us on LinkedIn and X.

SOURCE Neuron Factory

Strategic investments highlight the company’s growth beyond design and development

RALEIGH, N.C., May 27, 2025 — Hyperspace Ventures has expanded its investment portfolio by deploying $6.8M since Q4 of 2024, focusing on both emerging tech and the fast-growing sport of pickleball.

“At our core, Hyperspace is a software design and development company,” said Taylor Meyer, Managing Partner. “We build, launch, and scale digital products. Recently, we’ve begun investing in high-growth companies we work with and have strong conviction in, as another mechanism to support our founders and accelerate their growth.”

This new initiative is conducted alongside a network of leading investors and advisors. Hyperspace deal flow is accessible to all accredited investors, offering a new opportunity for individuals to gain exposure to high-growth private companies and support the entrepreneurial ecosystem.

Hyperspace’s $6.8M Investment Breakdown:

• $515K into Ethos (formerly Learn to Win), enterprise performance & training platform;
• $670K into Bezel, marketplace for authenticated luxury watches;
• $50K into PinPrint, groundbreaking medical tech startup;
• $5.56M into pickleball-related ventures including tech, facilities, and pro pickleball

Hyperspace’s emphasis on pickleball positions the company as a key player in a sport that continues to surge in popularity, with a 223% participation growth in the U.S. over the last three years according to data from Pickleheads. The pickleball market was valued at over $1.5B in 2023.

“The $6.8 million deployed over the past nine months through Hyperspace’s investment initiative is just the beginning,” said Peter Fox, Managing Partner. “We’re proud to be building alongside founders shaping the next generation of innovation in the Raleigh-Durham area and beyond.”

About Hyperspace Ventures

Hyperspace Ventures is a North Carolina-based technology company that designs, builds, and invests in digital products for startups and leading brands. Specializing in web and mobile applications and cloud systems, Hyperspace has launched successful companies across diverse sectors.

Hyperspace has also created a suite of internal tools to support companies in operating efficiency, raising capital, talent acquisition, and networking. These tools include: Space Dial, Launch Deck, HyperHire, and The 42 Club.

For more information, visit hyperspaceventures.com.

To access Hyperspace’s deal flow, visit hyperspaceventures.com/investorsurvey

Media Contact: [email protected]

SOURCE Hyperspace Ventures