Investment led by Bessemer Venture Partners with participation from 8VC, Tru Arrow, SineWave, In-Q-Tel and Zero Prime to fuel expansion of DataHub, the leading open source metadata platform

PALO ALTO, Calif., May 21, 2025 — DataHub, by Acryl Data, the leading open source metadata platform, today announced it has raised $35 million in Series B funding led by Bessemer Venture Partners. This latest round brings the company’s total funding to $65 million, enabling accelerated development of its context management platform that provides discovery, observability, and control across data, AI models, and AI agents.

As part of the investment, Lauri Moore of Bessemer Venture Partners will join DataHub’s board of directors.

“Rapid adoption of AI in the enterprise is revealing the significance of comprehensive visibility, reliability, and trust across their data and AI ecosystem—far beyond traditional data cataloging to a machine-scale world where AI agents become the power users of data,” said Swaroop Jagadish, CEO and co-founder of DataHub. “DataHub is uniquely positioned to lead this new category of AI & data context management with our architecture built for extreme scale, performance, and real-time machine-scale automations.”

Enterprises are facing critical challenges in accessing, maintaining reliability, and securing their data and AI supply chain. Today’s organizations struggle with “missing context” that prevents both humans and machines from effectively working with data.

1. Data consumers can’t easily find relevant datasets.
2. Data engineers lack visibility to prevent disruptions when making changes.
3. Governance teams struggle to track sensitive data access.

For AI systems, this context gap is even more critical–AI models need to know when new data is available for refreshing predictions, which enterprise data is trustworthy, and how to analyze schema changes automatically. DataHub addresses this fundamental challenge by providing a real-time metadata platform that brings order to data and AI chaos, enabling machines to interact with an organization’s data assets with complete context awareness.

“With the shift toward business-critical AI and customer-facing predictive applications, enterprises need robust metadata management to ensure AI systems can reliably work with data,” said Shirshanka Das, CTO and co-founder of DataHub. “DataHub provides the context that AI systems need to understand data lineage, quality, and semantics—enabling organizations to unlock the full potential of their AI investments.”

DataHub’s open source offering is being used by more than 3,000 organizations globally including Apple, Chime, Foursquare, Netflix, Optum, Pinterest, and Slack. The company has experienced 6x growth in selling the enterprise managed service, DataHub Cloud, over the last two years.

DataHub’s unique event-driven architecture provides real-time visibility as a significant advantage over legacy vendors. Its extensibility and scalability are stand-out benefits along with a full-spectrum of deployment options, from single-node to cloud-hosted, hybrid and decentralized deployments. This architectural advantage has led to competitive wins against established players, with customers citing DataHub’s superior performance, unified capabilities across discovery and data observability, and the ability to support AI governance needs.

“Metadata is the missing link enabling organizations to transition from human-scale data analytics to machine-scale enterprise AI,” said Lauri Moore, Partner at Bessemer Venture Partners. “DataHub is uniquely positioned to address this critical need with its schema-first, event-oriented architecture that brings data and model context and control into a single pane of glass. Enterprises will use DataHub to develop AI ‘safely’ – in a way that respects user privacy and ensures people, models, and agents only access the data and context when and where they are supposed to – without compromising velocity.”

In addition to the funding, the company is rebranding itself to just be known as DataHub. The name change accurately reflects its core mission of building a metadata platform that is powering AI-ready data systems at scale. DataHub will use the new capital to:

• Invest in the DataHub open source community, which has grown 50x to over 13,000 members
• Accelerate R&D with focus on AI governance and context management capabilities
• Scale go-to-market operations to meet growing enterprise demand
• Build enterprise-grade customer success capabilities

For more information about DataHub, visit www.datahub.com.

About Us
DataHub, by Acryl Data, is an AI & Data Context Platform. Innovated jointly with a thriving open-source community of 13,000+ members, DataHub’s active metadata platform provides real-time context of AI and data assets with best-in-class scalability and extensibility. The company’s enterprise SaaS offering, DataHub Cloud, delivers a fully-managed solution with AI-powered discovery, observability, and governance capabilities. Organizations rely on DataHub to accelerate time-to-value from their data investments, ensure AI system reliability, and implement unified governance—enabling AI & data to work together and bring order to data chaos.

Media Contact
Loopr Marketing
[email protected] 

SOURCE Acryl Data

BANGALORE, India, May 21, 2025 — CloudSEK, a leader in AI-powered cyber threat prediction and intelligence, has raised $19 million across its Series A2 and B1 funding rounds. The round included participation from a mix of India– and US-based investors, such as MassMutual Ventures, Inflexor Ventures, Prana Ventures, Tenacity Ventures, and select strategic investors, including Commvault. Notably, Meeran Family (founders of Eastern Group), StartupXSeed, Neon Fund and Exfinity Ventures are among CloudSEK’s earlier backers and continue to support the company’s long-term vision.

Founded in 2015 by cybersecurity researcher-turned-entrepreneur Rahul Sasi, CloudSEK was created with a mission to build a safer digital future by proactively predicting and mitigating cyber threats. What began as a research-driven initiative has since evolved into one of the industry’s most trusted threat intelligence platforms—serving 250+ enterprises across banking, healthcare, technology, and the public sector.

The newly raised capital will fuel CloudSEK’s continued product innovation and global expansion, with a focus on advancing its AI models and platform integrations. Unlike traditional tools that respond after an incident, CloudSEK identifies Initial Attack Vectors (IAVs)—the earliest signs of a potential breach, such as leaked credentials, exposed APIs, or compromised vendors.

“We built CloudSEK to predict the initial attack vector and stop threats before they hit the headlines with the goal of preventing threats before they escalate,” said Rahul Sasi, Co-founder & CEO of CloudSEK. “Unlike conventional threat intelligence that focuses on indicators of compromise after an attack, our platform detects the earliest signals—leaked credentials, exposed APIs, compromised vendors—weeks before an incident unfolds. That’s our version of threat intelligence: predictive, not forensic.”

“Today, over 60% of our net new revenue comes from international markets, with the U.S. emerging as our fastest-growing region. We’ve achieved this scale while staying cash flow positive. This round—backed by top financial and strategic investors—not only validates our vision but reinforces what we’ve believed from day one: cybersecurity must be proactive, not reactive,” Rahul Sasi added.

CloudSEK’s differentiated approach has resonated globally, earning the company a 4.8-star rating on Gartner Peer Insights across 195 reviews, making it one of the most recommended vendors in the cybersecurity space.

“Early visibility into threats is no longer optional. CloudSEK’s predictive intelligence helps enterprises take control of the narrative—before attackers do,” said Dr. Durga Dube, CISO of a Fortune Global 100 company.

“CloudSEK has created a great product based on cutting-edge AI, appropriate for the security needs of top global companies. Tenacity is excited about backing and working closely with Rahul and his team to help build a great global technology product company from India.” — Rohit Razdan, Partner, Tenacity Ventures.

“CloudSEK has grown 3x in ARR over the last 24 months and continues to grow well above industry standards,” said Kalyan Kumar Vattipalli, VP of Finance at CloudSEK. “The round attracted significant interest from global financial investors, and we will soon be announcing Series B2 as an extension of B1, both to onboard new investors and to facilitate partial exits for some of our early backers.”

With this funding and a strategic investor on board, CloudSEK is doubling down on its vision to make predictive threat intelligence a global cybersecurity standard for —empowering organizations to stay ahead of increasingly sophisticated threat actors.

About CloudSEK:

 CloudSEK is a contextual AI company that predicts Cyber Threats. Our Cloud SaaS platform constantly seeks security solutions for our customers’ digital risks.

To learn more about how CloudSEK can strengthen your external security posture and deliver value from Day One, visit https://cloudsek.com or drop a note to [email protected]. 

Photo: https://mma.prnewswire.com/media/2693114/Team_CloudSEK.jpg

SOURCE CloudSEK

After a decade of investing in companies at the intersection of risk and technology, Munich Re Ventures closes its fifth fund

SAN FRANCISCO, May 21, 2025 — Munich Re Ventures (MRV), the venture capital arm of Munich Re Group, today announced a new $125 million fund from its founding limited partner, HSB, which will invest in Built World startups focusing on equipment and technology that de-risks and optimizes performance in property, industry, and related supply chains, as well as cybersecurity and technologies driving toward a resilient future. This new fund, the second from HSB and the fifth overall for the firm, brings MRV’s assets under management to $1.2 billion.

With its 150-year history, and as part of Munich Re, HSB blends its engineering expertise, technology, and data to craft inventive insurance and service solutions for existing and emerging risks posed by technological change.

“Ten years ago, it was HSB Fund I that provided the initial capital which founded Munich Re Ventures as a firm,” shares Jacqueline LeSage, Managing General Partner of Munich Re Ventures. “Now, a decade on, we feel immense pride in the accomplishments of the incredible founders we’ve supported, as well as the partnerships they’ve built with HSB that are accelerating new visions for insurance. We are more committed than ever to backing the companies and teams that are most thoughtfully innovating at the intersection of risk and technology.”

Several investments from the inaugural HSB Fund I ultimately went on to reach unicorn status, including cyber insurance and security (InsurSec) provider, At-Bay, industrial manufacturing intelligence company, Augury, and telco disruptor, Helium Mobile. IoT data analytics company, Mnubo, was also acquired by AspenTech in 2019.

“HSB is constantly on the lookout for innovative technologies and business models that predict and prevent breakdown of the equipment that our customers rely on in their businesses and everyday lives,” shares Greg Barats, President and CEO of HSB. “As part of this ongoing effort, we’re delighted to see the launch of Munich Re Ventures’ HSB Fund II, which will help us build upon our collaborations with bold entrepreneurs that are creating solutions for problems both new and old.”

With HSB’s focus on risk mitigation and the prevention of equipment breakdown, they have established successful partnerships with several MRV portfolio companies to support this endeavor. HSB worked with industrial AI solution provider, Augury, to create an innovative Production Loss Guarantee for Critical Rotating Assets product, along with HelixIntel’s maintenance management platform, offering a solution for Equipment Breakdown policyholders. They also serve as capacity provider for InsurSec provider, At-Bay. Forward-thinking partnerships with innovative technology companies are a critical component of HSB’s company roadmap.

With the new HSB Fund II, the MRV team builds upon its dedication to backing founders working at the intersection of equipment technology and resilience, focusing on solutions that enhance the operational efficiency, durability, and predictive maintenance of our built world, critical infrastructure, and industrial assets. Two recent additions to the Munich Re Ventures team will lead activities on behalf of the firm. Jennifer Place, Principal, will oversee the HSB Funds, as well as lead investments for the Built World sector, more generally. With ten years of experience investing in transformative technologies across the Built World, Energy, and Industrial sectors, Jennifer is uniquely positioned to lead these efforts. Adam Care, VP & Head of Portfolio Development for the HSB Funds, will cultivate partnerships between the MRV portfolio and HSB. Having spent 12 years working on client management and innovation at HSB, his skillset, network, and knowledge will prove a substantial asset for the MRV portfolio.

MRV’s team of seasoned, industry-expert investors is uniquely positioned to help portfolio companies navigate the world of risk by providing capital, board leadership, risk solutions, industry and investor connections, operational support, and technical expertise. The new HSB Fund II further expands the team’s capacity for supporting startups innovating at the intersection of risk and technology.

About Munich Re Ventures

Munich Re Ventures is the venture capital arm of Munich Re Group, one of the world’s leading providers of reinsurance, primary insurance, and insurance-related risk solutions. With $1.2 billion in assets under management, Munich Re Ventures invests in the most innovative startups, transforming the future of risk and risk transfer. MRV’s experienced investors are financially-driven while focused on the strategic interests of Munich Re and the broader insurance industry. MRV works closely with Munich Re Group businesses across the globe to fund and partner with the best emerging companies developing new technologies and business models – and risks – for tomorrow’s world. For more information, visit https://www.munichre.com/mrv/en.html

About HSB

HSB, part of Munich Re, is a multi-line specialty insurer and provider of inspection, risk management and IoT technology services. HSB insurance offerings include equipment breakdown, cyber risk, specialty liability and other coverages. HSB blends its engineering expertise, technology and data to craft inventive insurance and service solutions for existing and emerging risks posed by technological change. Throughout its 159-year history HSB’s mission has been to help clients prevent loss, advance sustainable use of energy and build deeper relationships that benefit business, public institutions and consumers. HSB holds A.M. Best Company’s highest financial rating, A++ (Superior). For more information, visit www.hsb.com and connect on LinkedIn, X and Facebook.

About Munich Re

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the asset management company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. Munich Re leverages its strengths to promote its clients’ business interests and technological progress. Moreover, Munich Re develops covers for new risks such as rocket launches, renewable energies, cyber risks and artificial intelligence. In the 2024 financial year, Munich Re generated insurance revenue of €60.8bn and a net result of €5.7bn. The Munich Re Group employed about 44,000 people worldwide as of 31 December 2024.

Media contact
Dennis Milewski
Phone: +1 (860) 722-5567
Mobile: +1 (860) 534-0623
Email: [email protected] 

SOURCE Munich Re Ventures

Vertically integrated facility expected to increase IPP’s top-line revenue

NEW YORK, May 21, 2025 — Sangha Renewables (“Sangha”), a company redefining renewable energy generation through bitcoin mining and institutional-grade project finance, today announced the groundbreaking of its flagship 19.9-megawatt (MW) mining facility in West Texas. Developed in partnership with a leading independent power producer (IPP), the facility will operate behind-the-meter on an established large scale solar energy site. The facility will deliver optimized power monetization and attractive bitcoin-backed returns for investors.

Sangha has also announced a $14 million equity raise, securing a majority portion of its targeted $17 million equity round to fund the development of this initial site and support the scale-up of its innovative model. This project serves as the proof-of-concept for Sangha’s plans to transform underutilized renewable assets into high-yield, bitcoin-generating infrastructure across the U.S.

“Sangha is not just building bitcoin mining sites—we’re building a new model for how capital flows in and out of bitcoin,” said Spencer Marr, co-founder and CEO. “By applying a project finance structure honed-in the renewable energy and real estate sectors, we enable investors to participate directly in productive assets—without intermediaries, speculative equities, or inefficiencies of datacenter hosting. Investors put cash or bitcoin into the construction of the project and then enjoy streaming distributions of bitcoin for years to come at well below the market price of bitcoin.”

Sangha has leased 5.5 acres from the IPP on the solar site that has been operational for several years. Generation in West Texas is subject to grid congestion and episodes of negative energy pricing. The IPP will soon benefit from a new revenue stream without bearing any capital or operational costs.

Under the offtake agreement, Sangha will purchase 19.9 MW of behind-the-meter power.

“It’s a win-win-win,” added Marr. “The IPP earns more per megawatt-hour, our investors gain exposure to low-cost bitcoin production, and we deliver grid-stabilizing load where it’s needed most.”

Sangha’s approach to mining is differentiated by:

• Sophisticated Site Selection: Projects are chosen using proprietary financial modeling that forecasts energy pricing and bitcoin hashprice on an hourly or 15-minute basis, driving precise curtailment and profitability analysis.
• True Capital Efficiency: Investor capital flows directly into mining infrastructure. Minimal overhead, transparent fee structures and optional smart contract-linked payouts ensure alignment and clarity.
• Proven Project Finance Model: Borrowed from decades of real estate and renewable energy development, Sangha’s structure emphasizes risk mitigation, operational rigor and repeatable deployment.
• Regulatory Scrutiny: Sangha and its team of lawyers and advisors have set themselves apart in their ability to navigate the ever-changing regulatory environment for these types of projects, taking the burden of interconnection and related aspects of the deal off the hands of the IPP.

The West Texas facility is expected to commence operations in Q3 2025, delivering one of the lowest power costs in North America—positioning it among the most competitive bitcoin mining operations in the country.

Sangha’s model enables accredited investors to invest directly into site-level special purpose vehicles (SPVs), receiving distributions in bitcoin or bitcoin-backed income. The firm’s model integrates seamlessly with modern smart-contract infrastructure, creating a secure and streamlined investment experience.

This project also marks a milestone in the company’s evolution. The founders of Sangha Renewables began their journey with Sangha Systems. As their vision evolved, they made a decisive shift toward renewable energy, leading to the creation of Sangha Renewables—a company dedicated to integrating bitcoin mining with sustainable power solutions to generate lasting value for investors, developers and the grid.

About Sangha Renewables

Sangha Renewables is building the most capital-efficient, institutional-grade model for bitcoin mining, purpose-built for long-term investors and energy partners. Through sophisticated project-finance and direct partnerships with independent power providers, Sangha delivers bitcoin cash flows from sustainable energy sources—without the volatility of public markets or the inefficiencies of datacenter hosting. To learn more, visit www.sangharenewables.com. 

Media Contact

Nishant Sharma
BlocksBridge Consulting
[email protected]

SOURCE Sangha Renewables

SJF Ventures invests in AI-powered supply chain risk management platform helping enterprises navigate global trade chaos

BOZEMAN, Mont., May 21, 2025 — Tradeverifyd, the supply chain risk management platform designed to help enterprises identify, assess, and mitigate risks before they impact operations, announced the company secured $4 million in new funding from SJF Ventures.

Businesses struggling to adapt to the impact of shifting trade policies and tariffs on supply chains — delays, unexpected costs, and compliance challenges are now daily realities — are turning to Tradeverifyd’s predictive intelligence and real-time monitoring. The new funding, which builds on an $8 million Series A round in January, is the result of the platform proving crucial for global enterprises.

“Global supply chains are more vulnerable than ever before,” said Michael Prorock, founder and CEO of Tradeverifyd. “To navigate the chaos, enterprises need visibility deep into their supply chains and predictive intelligence to anticipate and address disruptions. Tradeverifyd’s AI-powered intelligence lets enterprises assess each supplier’s ability to deliver, respond immediately to detentions, and get ahead of future risks. We help enterprises transform chaos into clarity and supply chain risk into a competitive advantage.”

Slowdowns and blank sailings at U.S. ports are the latest evidence of tumultuous global supply chains as rapidly changing trade regulations and tariffs overlap with geopolitical, environmental, and compliance risks. Tradeverifyd uses a secure blend of open-source intelligence and first-party data to illuminate supply chains from final product back to their raw materials, then deploys agentic AI technology and real-time monitoring to inform enterprises of potential risks.

The platform has proven successful in building resilient supply chains for several of the largest global enterprises, and is utilized by government agencies such as the Department of Homeland Security and U.S. Customs and Border Protection. One company using Tradeverifyd avoided $12 million in one-time costs by resolving a supply chain bottleneck, while another achieved a 7x increase in operational efficiency. Across clients, Tradeverifyd has consistently delivered significant savings in procurement costs through deep, multi-tier supply chain visibility and proactive risk mitigation. This momentum helped Tradeverifyd grow its year-over-year revenue 10x in 2025.

“Global supply chains are experiencing significant disruption due to tariffs, increased regulatory scrutiny, and environmental events,” said David Griest, Managing Director at SJF Ventures. “We’ve been tracking the company for some time; Tradeverifyd stands out for its ability to identify and mitigate supply chain risks, ensure compliance, and enhance resilience for enterprise customers. The platform is built for scale and managing complex, multi-tier global supply chains. This investment presents a tremendous opportunity to help businesses navigating trade chaos — and we see enormous growth ahead.”

Another key element of the platform is the Tradeverifyd Score™, an objective measurement of a supplier’s ability to successfully fulfill orders. It operates like a credit score for supply chain reliability and allows enterprises to make informed, proactive decisions at every level of their organization. Tradeverifyd also features secure data sharing and automated documentation management to deliver supplier collaboration at scale, allowing companies to comply with mounting global regulations like the Uyghur Forced Labor Prevention Act (UFLPA) and the EU’s Corporate Sustainability Due Diligence Directive (CSDDD).

Tradeverifyd will use the new funding to further invest in its go-to-market team to meet soaring demand for its agentic AI-powered solution, especially among large enterprises, as well as increase customer support staff to help companies proactively manage risks before they become disruptions.

About Tradeverifyd
Tradeverifyd, with headquarters in Bozeman, MT, and strategic locations globally, serves as the go-to partner for enterprises to achieve excellence in digital supply chain transformation as they move from reactive to proactive modes of reducing supply chain risk.

About SJF Ventures
Founded in 1999, SJF Ventures is an impact venture capital fund whose mission is to catalyze the development of highly successful businesses that drive lasting, positive changes. Its deep experience in supply chain and logistics includes portfolio companies HYLA, Iron Sheepdog, Lineage, Optoro, Perishable Shipping Solutions, ShipMonk, and Tive.

Media Contact: Chris Marley, [email protected]

SOURCE mesur.io

With $170K in added profit and $30K in recruiting savings, AidQuest’s human-powered engagement tools are redefining growth for home care agencies.

BURLINGAME, Calif., May 21, 2025 — Visiting Angels of Carlisle, a leading provider of senior home care services in Pennsylvania, has significantly increased profitability and streamlined caregiver recruitment after adopting AidQuest’s Human-Powered Live Chat and SCHEDULE+ solutions. Over 24 months, the agency generated an additional $170,000 in net profit, hired caregivers who provided thousands of hours of care, and cut recruiting costs by $30,000 annually — all while enhancing the experience for families and applicants alike.

Faced with the challenges of high advertising costs and competition for qualified caregivers, Visiting Angels of Carlisle turned to AidQuest to engage website visitors in real time. The agency deployed AidQuest’s Human Live Chat, staffed by professional chat agents who interact directly with prospective clients and caregivers. These agents provide instant answers, collect detailed intake information, and schedule consultations and interviews using SCHEDULE+, AidQuest’s concierge appointment-setting tool.

“AidQuest has been a remarkable solution to help our agency grow and hire new recruits,” said Richard Ruda, Director and Owner of Visiting Angels of Carlisle. “The addition of a human live chat interface on our website has had a significant impact — an additional $170K of profit plus thousands of hours of care provided by the caregivers hired from AidQuest applicants.”

In addition to recruitment gains, AidQuest’s client leads have directly contributed to a stronger bottom line and greater care delivery. Since starting with AidQuest, Visiting Angels of Carlisle has received 130 pre-screened client leads from AidQuest’s human-powered chat — converting many into active cases that generated $170,000 in net profit. These conversions translated into thousands of hours of care provided to seniors in need, enabling the agency to serve more families without increasing marketing spend.

“It’s been a game-changer for our growth efforts,” added Kristy Saphore, Senior Client Care Coordinator. “We’re saving money, getting better client and caregiver leads, and filling positions faster — all without relying on expensive job boards.”

AidQuest’s solutions now power over 700 home care agencies across the U.S. and Canada, enabling more than 1 million live human interactions and generating over 100,000 qualified leads. By combining real-time engagement with intelligent concierge scheduling, AidQuest is setting a new standard for how elder care providers grow and thrive in a digital-first world.

About AidQuest
AidQuest provides human-powered chat and concierge scheduling tools for the home care industry. Its mission is to help agencies convert more visitors into clients and caregivers through intelligent engagement and real-time human connection. Learn more at www.aidquest.com.

About Visiting Angels of Carlisle
For over 20 years, Visiting Angels of Carlisle has provided compassionate in-home care to seniors across Franklin, Adams, and Cumberland counties in Pennsylvania. Led by Director Richard Ruda, the agency is committed to helping local seniors age with dignity and independence.

Media Contact:
Kamran Nasser
Founder, AidQuest
[email protected]
www.aidquest.com

SOURCE AidQuest

NASHVILLE, Tenn. , May 21, 2025 — We are excited to announce that The Systems Group has brought on a new investor into the Systems Spray-Cooled (SSC) business unit. David Brogdon is one of the founders of Bad Boy Mowers and he, along with his partners, have purchased a majority stake in Systems Spray-Cooled. The owners of The Systems Group, Lee & Kyle Morgan, retained 35% ownership of Systems Spray-Cooled and it will continue to be operated as part of The Systems Group. Scott Ferguson, VP & GM of SSC, is also now an owner.

David is a seasoned leader and has experienced all phases of business growth from startup to highly successful, founder-led businesses, including Bad Boy Mowers, Platinum Metal Works, Conveyor Technology, Inc. and now Systems Spray-Cooled among others. He has served in the roles of CFO, President, and VP of Sales & New Products, being recognized by Arkansas Business as CFO of the Year in 2015 in the Large Private Company category.

This investment from David and his partners is a strategy to be able to invest more in global growth while still supporting our domestic customer base. Historically SSC has been predominantly USA based, but as the steel industry converts from basic oxygen furnaces (BOFs) to electric arc furnaces (EAFs), the world is adopting the safer Spray-Cooled™ technology over the much riskier pressurized cooling methods of the EAF. With current projects ongoing in Europe, Mexico, South America, and Africa, this investment will allow us to accelerate our mission of ‘Making Meltshops Safer’.

Spray-Cooled™ was invented by steel makers who did not want to continue working next to the dangerous conditions presented by pressurized cooling on their EAF. EAFs cooled by pressurized technology can throw tremendous amounts of water into the furnace and cause catastrophic explosions. Spray-Cooled™ technology removes high pressure water from the hot face of the furnace, only allowing a small trickle of water into the furnace in an upset condition. Spray-Cooled™ technology has also proven to have much better uptime than competing technologies, saving mills millions of dollars per year. Finally Spray-Cooled™ has now been proven to keep more heat in the furnace than pressurized cooling thus being a greener, energy saving option.

Headquartered in Smyrna, TN, Systems Spray-Cooled is a division of The Systems Group, a diverse collective focused on fabrication, plant maintenance, products and construction in the steel and metals industries. The company continues to lead through its commitment to innovation, teamwork, excellence, customer service and above all, its dedication to safety.

For product information, go to https://www.spraycooled.com. For general information, contact Systems Spray-Cooled at +1-615-366-7772 (U.S./Canada); email [email protected].

SOURCE Systems Spray-Cooled

TORONTO, May 20, 2025 – Keep, Canada’s first all-in-one financial platform built exclusively for small businesses, today announced a C$108 million in new funding as it emerges from stealth mode. The funding includes C$33 million in equity financing led by Tribe Capital, a C$71 million credit facility from Coventure (Treville), and a C$4 million venture debt line from Silicon Valley Bank. This investment will accelerate Keep’s mission to solve critical cash flow and operational challenges faced by Canada’s 3 million small businesses.

Canada’s $500B+ small business banking market remains dominated by legacy banks offering outdated software, subpar customer service, and rigid underwriting processes that cripple small businesses’ ability to flourish. Keep addresses this gap by serving both established businesses seeking a better experience and entrepreneurs traditionally overlooked by conventional banks.

While fintech innovators like Brex, Mercury, and Ramp have transformed small business banking in the US market, Canadian entrepreneurs have lacked similar options. Keep is bringing this financial revolution north of the border with solutions specifically designed for Canadian tax systems, banking regulations, and business needs.

“Traditional banks have failed Canadian entrepreneurs for too long,” said Oliver Takach, Keep’s Co-founder and CEO. “We’re building the financial operating system that Canada’s small businesses actually need – one that provides the technology, tools, and services to help them thrive.”

Takach speaks from experience. As a two-time Y Combinator founder who bootstrapped a business to C$2M revenue in 2019, he faced the same financial hurdles that plague Canadian entrepreneurs. “Keep was born from my own frustration with fragmented systems and banking inefficiencies,” Takach explained. “We’re building what I desperately needed back then.”Keep’s integrated platform includes Canada’s first fintech business credit card, automated expense management, multi-currency accounts, and flexible global bill pay – all designed to eliminate the fragmented, fee-heavy solutions that burden business owners today.

“With Keep, we’ve cut our financial admin time by 80%,” said Glen Napier, CEO of James G Armour & Co. “The integration of their products was seamless and helped us double our revenue in just six months. What used to take weeks with traditional banks now happens instantly.”

In 2024 alone, Keep experienced substantial growth crossing C$20 million in annualized revenue, less than 2 years after going live. Keep also achieved over 300% net dollar retention, reflecting exceptional customer satisfaction and has onboarded over 3,000 SMBs across a diverse mix of industries.

“Keep’s incredible growth and product adoption is far beyond what we see in high growth companies at their stage today,” said Arjun Sethi, Co-Founder and Partner at Tribe Capital. “We’re excited to support Keep as it redefines how businesses manage operations and cash flow, empowering them with smarter, more flexible financial solutions.”

Looking ahead, Keep is well positioned to become the financial backbone for Canadian entrepreneurs. “By 2027, we aim to serve 100,000 small businesses across Canada, helping them save over quarter billion dollars in fees annually,” said Takach. “This funding brings us one step closer to our ultimate goal: ensuring that no Canadian entrepreneur’s vision is constrained by access to fair, flexible financial services.”

The funding round attracted strong participation from both existing and new investors, including Rebel Fund, Liquid2 Ventures, Cambrian, and Assurant Ventures. Notable individual investors include founders and executives from fintech leaders such as Robinhood, Venmo, Stripe, Plaid, Chime, Coinbase, Ramp, and Alloy.

To get in touch with the Keep team, reach out at [email protected]

About Keep
Keep is Canada’s first all-in-one financial platform built exclusively for small businesses.  Keep allows SMBs to control spend, automate bookkeeping, and send, receive, and store funds – all in one powerful, integrated platform, Keep eliminates the fragmented, fee-heavy solutions that burden business owners today. Founded in 2022, Keep is headquartered in Toronto and backed by leading global investors. Learn more at trykeep.com

About Tribe Capital
Tribe Capital is a venture capital firm focused on capturing a perpetual edge in venture and crypto using data science. The team is made up of investors, engineers and scientists who use artificial intelligence and data science to model venture-backed private companies. The San Francisco-based firm has approximately $1.8 billion in assets under management and has made notable investments in Apollo.io, Carta, Docker, Kraken, Instabase, and Shiprocket. To learn more, visit tribecap.co.

SOURCE Keep

—With meaningful participation from Rebuild Capital, the investment and newly appointed leadership positions VERO to accelerate product innovation, scale operations, and deepen market traction—

NEW YORK, May 20, 2025 — VERO—the modern screening and leasing platform for owners and renters—today announced a significant growth equity round co-led by Fifth Wall and Sunriver Capital Partners, with meaningful participation from Rebuild Capital. This strategic partnership brings together leading firms to distinctly bolster VERO’s position in the market. The capital will enable the company to accelerate product development, enhance go-to-market initiatives, and solidify its role as the foundational layer within the modern property tech stack — optimizing the owner and renter experience. This round follows VERO’s $9M Series B, led by Fifth Wall, which closed in April 2023.

“VERO sits at one of the most critical junctures in the renter journey — right at the point where real, verifiable information enters the system. That moment isn’t just about screening; it sets the stage for everything that follows, from insurance and deposit alternatives to the move-in experience,” shared Magnus Vik, Co-President & Chief Operating Officer, Fifth Wall. “VERO isn’t a point solution, it’s the gateway to an entire ecosystem. We’re thrilled to double down on our investment in VERO and look forward to supporting them as they continue redefining how the industry serves owners and renters.”

As VERO enters its next chapter, Travis Gibson has joined the company as Chief Technology Officer. An early engineer at Marqeta—the global leader in modern card issuing—Gibson played a pivotal role in scaling the company’s Digital Banking product suite through hypergrowth and IPO. He later founded Proper, a Y Combinator-backed FinTech startup, which was acquired by Intuit in March 2024. More recently, Gibson has been focused on helping public companies modernize their legacy tech stacks and elevate overall product performance.

Gibson joins a seasoned leadership team that includes Jamey Rosamond, Co-Founder and Managing Partner at Sunriver, who now serves as Chief Executive Officer of VERO. Rosamond brings more than two decades of experience operating and investing in high-growth companies across the real estate tech, insuretech, and construction tech sectors. Prior to founding Sunriver, Rosamond served as Chief Operating Officer of RentPayment.com, leading the company through its acquisition by MRI Software, and before that as Chief Operating Officer of RadPad, which was acquired by Priority Technology Holdings. Rounding out the team is Jeff Cate, VERO’s Chief Financial Officer, who brings deep expertise in finance and operations, having held senior roles at Appspace, Hayman Capital Management, and Atlas Capital.

“With a proven track record of building and scaling category-defining financial products, leading high-performance engineering teams, and driving innovation across both startups and enterprise environments, Travis brings the vision and technical depth to accelerate VERO’s next wave of product growth,” stated Copley Broer, Co-Founder & Managing Partner at Sunriver. “This significant capital infusion—combined with a best-in-class leadership team and a robust pipeline—positions VERO to capitalize on its momentum and solidify its status as the category leader of choice for owner-operators.”

Lou Baugier—VERO’s founding Chief Executive Officer—will continue to support the company as a Senior Advisor, helping to guide its mission and long-term vision. Under Baugier’s leadership, VERO evolved from an early-stage startup into a trusted partner to several of the top 10 property management companies in the U.S. His transition marks a natural evolution as the company enters its next phase of growth. Supporting this next chapter, VERO has strengthened its Board of Directors with the addition of Vik, Broer, and Jeremy Kaner, Founder and Managing Partner of Rebuild Capital.

VERO’s platform has become increasingly valuable to many of Fifth Wall’s Limited Partners operating across the single-family and multifamily sectors. Kristy Simonette, Senior Vice President of Strategic Services and Chief Information Officer at Camden Property Trust, said, “As the industry moves past favorable cap rate dynamics, success now relies on execution and partnering with platforms that deliver measurable results. We constantly evaluate every partner based on ROI, and VERO stands out. It streamlines our leasing process, catches fraud early, and ensures we place the right residents in our apartment homes. It’s essential in today’s operating environment.”

VERO is a purpose-built platform designed to streamline residential leasing by mitigating risk, accelerating leasing velocity, and consolidating fragmented vendor relationships. In a market where owners and operators often rely on incomplete risk proxies, and applicants face outdated, invasive processes, VERO offers the modern, centralized solution that works for both sides of the lease.

As the first and only platform to fully automate the verification of prior residency and applicant qualifications, VERO eliminates manual workflows while improving accuracy, compliance, and operational efficiency. By unifying every step of the leasing process—from screening to signing—into one fraud-proof system, VERO helps increase net asset value, reduce risk, and deliver a faster, more transparent experience for both property teams and renters. Today, VERO is live across a rapidly growing footprint of properties, has flagged tens of thousands of fraudulent applications, and has screened hundreds of thousands of applications — a testament to the accelerating demand for modern leasing infrastructure.

About VERO
VERO is the modern screening and leasing platform purpose-built for owners and renters. Acting as the foundational layer of the residential leasing stack, VERO helps operators reduce risk, increase velocity, and streamline workflows by consolidating fragmented tools into one centralized system. As the only platform to fully automate applicant and residency verification, VERO eliminates manual processes while improving compliance, accuracy, and fraud detection. By unifying the leasing journey—from screening to signing—VERO delivers a faster, safer, and more transparent experience for property teams and renters alike. Learn more at sayvero.com.

About Fifth Wall
Founded in 2016, Fifth Wall, is the largest asset manager investing at the intersection of real estate and technology. With approximately $3B in commitments and capital under management, Fifth Wall is backed by a global mix of more than 110 strategic limited partners from 20-plus countries, including BNP Paribas Real Estate, British Land, CBRE, Cushman & Wakefield, Hilton, Hines, Host Hotels and Resorts, Kimco Realty Corporation, Lennar, Marriott International, MetLife Investment Management, MGM Resorts, Related Companies, Starwood Capital, and Toll Brothers, amongst others. This consortium represents one of the largest groups of potential partners in the global built world ecosystem, resulting in transformational investments and collaboration with portfolio companies to improve efficiency and maximize returns. Founded in Los Angeles and headquartered in New York City, Fifth Wall’s other offices include San Francisco, London and Singapore. For more about Fifth Wall, its Limited Partners and portfolio, please visit fifthwall.com.

About Sunriver Capital Partners
Sunriver Capital Partners bridges the gap between traditional venture capital and private equity. We provide growth capital to mid-stage technology companies with proven business models that may not fit conventional funding frameworks. Sunriver is deeply focused on the technologies that are changing traditional industries such as real estate, construction, and insurance, and our experienced internal operations team ensures that we bring more than just capital to our portfolio companies. Sunriver is based in Dallas. For more information, please visit sunrivercap.com.

About Rebuild Capital
Rebuild Capital is a special situations investment firm focused on Built World technology companies and takes a hybrid VC/PE approach to strategic investing across the real estate and construction technology landscapes. Rebuild Capital partners with our strategic LPs and deep bench of operating partners to provide portfolio companies with an ecosystem where they gain access to the guidance, relationships, customers and capital needed to succeed. Rebuild invests across the entire company lifecycle, from early-stage incubation to late-stage turnarounds, providing tailored capital solutions that match each portfolio company’s unique growth trajectory and operational needs. For more information, please visit rebuildcapital.com.

SOURCE VERO