SINGAPORE, May 9, 2025 — Zoth, a fast-growing protocol in real-world asset (RWA) tokenization, is entering a new phase after a March exploit briefly disrupted operations on its ZeUSD platform. Instead of going silent, the team responded with transparency and urgency, reinforcing its commitment to building secure, institutional-grade infrastructure for RWAs onchain.
A Resilient Response
The exploit involved unauthorized protocol activity during Zoth’s mainnet expansion and token launch preparations. The team’s response was swift and composed; issues were contained, users were kept informed, and mitigation steps were implemented without delay.
Founder Pritam Dutta noted, “It would’ve been easy to walk away. But we didn’t build Zoth to be fragile.” That mindset shaped every step of the recovery process.
Strengthening the Foundation
Zoth’s comeback isn’t about quick fixes, it’s about building smarter. The protocol rolled out key upgrades, including:
AI-powered real-time monitoring
Independent smart contract audits
A public bug bounty and open-sourced infrastructure
Governance enhancements for secure future upgrades
Zoth also launched a Compensation Program to support affected users, via a mix of treasury-backed assets, vested $ZOTH tokens, and potential partner collaboration—a rare step in DeFi that helped restore trust.
Community-First Approach
A hybrid model was introduced to prioritize capital preservation and protocol sustainability. The package includes:
Stable asset compensation for principal loss
Vested $ZOTH tokens from the contributor and ecosystem reserves
Active discussions with a liquid fund for user redemptions
This balanced approach resonated with users, retention remained above 80%, and the community stayed engaged in governance and recovery planning.
Staying Mission-Driven
Zoth’s long-term vision remains unchanged: to bridge real-world financial instruments like treasury bills and money market funds with permissionless yield on-chain. But it’s doing so through compliance-first design and institutional-grade security, not short-term hype.
“Zoth is not a DeFicasino,” said co-founder Koushik Bhargav. “We’re building public goods infrastructure for RWAs.”
Strategic Backing
Zoth secured a $15M strategic token commitment from Bolts Capital, reinforcing institutional belief in the protocol’s future and the broader potential of onchain RWAs.
What’s Next
Zoth is executing a phased relaunch of ZeUSD with a focus on long-term resilience. Guided by forensic experts and new security leadership, upcoming milestones include:
Relaunch with risk-isolated vaults
Cross-ecosystem liquidity partnerships
Institutional onboarding
DAO-led governance enhancements
Resilience Over Hype
Zoth’s recovery isn’t just about bouncing back—it’s about setting a new standard in RWA infrastructure: transparent, durable, and principled.
“We may have been hit hard. But we’re not done. Not even close.” Zoth Founders
About Zoth Zoth is a decentralized infrastructure protocol enabling compliant tokenization and on-chain settlement of real-world assets such as treasury bills and sovereign debt. Built for institutional-grade security and capital efficiency, Zoth aims to redefine how RWAs move onchain.
Amid global supply chain volatility, Yale, Stanford, and Kaiser Permanente build resilient healthcare supply networks powered by Clarium
NEW YORK, May 8, 2025 — Clarium, the company powering the world’s first and market-leading AI-powered healthcare supply chain resiliency platform, today announced a $27 million Series A funding round from Northzone, with participation from existing investors including General Catalyst, AlleyCorp, Kaiser Permanente Ventures, Texas Medical Center Ventures, and 1984 Ventures. This round brings Clarium’s total funding to $43 million to-date, and will allow the company to deliver on its mission of optimizing the modern health system and mitigating growing economic and environmental uncertainty in the supply chain for suppliers and hospitals.
The healthcare industry overspends on its supply chain by over $25B each year, largely due to fragmented, unharnessed data, inefficient workflows, and wasted supplies. As major weather events, global pandemics, and economic tariffs intensify, supply chain vulnerabilities are poised to disrupt critical care operations in hospitals nationwide.
Clarium’s platform collects, unifies, and automates crowdsourced data from providers, suppliers, and vendors across the entire healthcare supply chain, creating the world’s first AI-powered resiliency platform dedicated to helping major hospitals and health systems manage their supply chain operations. Clarium predicts supply chain disruptions based on real-time weather, geopolitical, and current events data, providing tailored recommendations for substitutions and preventing major disruptions to productivity and outcomes. The resiliency platform – which spans workflow operations, inventory and stock management, and disruption and substitution optimization – are ideated and built in collaboration with leading health systems, allowing Clarium to respond swiftly and directly to the needs of supply chain teams. After adopting Astra OS, hospital systems have seen over $10 million in average cost savings, fueled by 50% faster disruption resolution and 88% substitute approvals.
“The fragmentation and inefficiencies of the healthcare supply chain continue to plague our country’s hospital systems as they face more financial pressure than ever,” said Steve Liou, Founder and CEO of Clarium. “At Clarium, we’re leveraging the power of AI to modernize the hospital supply chain, working directly with health systems to develop valuable technology that enhances productivity, cuts wasteful spend, and improves patient health outcomes. We are grateful for the support from Northzone and our existing investors as we continue scaling our platform to new partners across the country.”
“Working closely with Clarium has allowed us to access the next-gen technology we need to manage our supply chain more efficiently,” said Jacqueline Epright, Chief Supply Chain Officer at Yale New Haven Health. “Clarium is innovative to address supply chain pain points, attuned to our needs, and truly dedicated to helping our hospital systems save on costs and deliver the best possible health outcomes to patients.”
Clarium’s $27 million financial investment from Northzone and existing partners will allow the company to accelerate the development and scale of Astra OS – including additional app and solution development – expand its team, and develop relationships with new health system partners.
“Despite many recent advancements in healthcare technology, hospital procurement processes have largely remained stuck in the 20th century. While several point solutions exist, Clarium is the first comprehensive, end-to-end platform for managing the hospital supply chain,” said Molly Alter, Partner at Northzone. “We believe Clarium possesses the technology and vision to enable end-to-end supply chain management for every one of the 5,000 hospitals nationwide.”
Since announcing its seed funding in 2024, Clarium has doubled its headcount and added key leadership including Burton Bracken (Head of Business Development), Marek Sirendi (Head of AI), Marcelo Fracchia (VP of Growth), and Shivani Stadvec (Chief Marketing Officer). The company has also expanded its collaborators roster beyond Yale New Haven Health, Geisinger, Ochsner Health, and Boston Children’s Hospital to include The Cleveland Clinic, Kaiser Permanente, Sutter Health, St. Luke’s, and others. Additionally, Clarium announced a long-term strategic partnership with the Healthcare Industry Resiliency Collaborative (HIRC) to co-develop transformative technology and data standards.
About Clarium Clarium is a healthcare technology company that is transforming how the hospital supply chain is managed for providers and suppliers. Clarium empowers leading health systems, including Yale New Haven Health, Stanford, and Geisinger, to optimize their supply chain operations with an AI-powered platform, Astra OS, which delivers unified data, actionable insights, and intelligent workflow automation. The company was founded in 2020 by Steve Liou and has raised $43 million in venture funding.
About Northzone Northzone (northzone.com) is a global venture capital fund built on experience spanning multiple economic and disruptive technology cycles. Founded in 1996, Northzone has raised more than ten funds to date, with its most recent fundraise in excess of $1.2 billion and has invested in more than 175 companies, including category-defining businesses such as Trustpilot, Spotify, Klarna, iZettle, Kahoot!, Personio, TrueLayer, Spring Health, and Zopa.
Northzone is a full-stack investor from Seed to Growth stage, with transatlantic hubs out of London, New York, Amsterdam, Berlin, Stockholm and Oslo.
FUKUOKA, Japan, May 8, 2025 — Medmain Inc., a Japanese medtech startup that offers PidPort, an AI-powered cloud system to assist in digital pathology, is pleased to announce that it has raised 3.3 million USD through a third-party allotment of shares, with One Capital as the lead investor and Niremia Collective and Plug and Play as additional participants. With this round, the company’s total equity funding has reached 18 million USD.
About Medmain Inc.
Medmain has rased 3.3M USD
Medmain Inc.
Medmain Inc. is a Japanese medtech startup with the corporate mission “To create a world where medical services can be accessed with technology anywhere, anytime”. As a partner to medical professionals around the world, the company develops and provides PidPort, an AI-powered cloud system that supports digital pathology. Learn more at: https://en.medmain.com
Medmain has been providing a full range of services in the field of digital pathology, starting with a digitization service for specimen slides, to remote diagnosis support that connects remote facilities via cloud computing, to the presentation of high accuracy and rapid analysis of pathology results using AI, all of which are utilized at many facilities. We have also succeeded in accelerating the speed of development of pathology AI, our core technology, by creating a proprietary platform that accelerates AI development by means of transfer learning. About PidPort: https://us.medmain.com
Purpose and Background of the Fundraising (Challenges Medmain Aims to Address)
The funds raised will be used to further enhance the development of our product “PidPort,” invest in infrastructure for digitalization, strengthen our sales organization, apply for regulatory approval of our pathology AI, and build a foundation for international expansion.
With the global increase in cancer diagnoses, the number of pathology examinations has also risen significantly, leading to a chronic shortage of personnel and placing a heavy workload on medical institutions. Traditionally, pathology diagnoses have long relied on physical glass slides, but at Medmain, we have been supporting medical institutions through the provision of digital services and our platform, “PidPort.”
PidPort is currently used by many clients in a wide range of settings, including remote diagnostic support and consultations between medical institutions, multi-facility conferences, academic conferences, educational use in lectures and training sessions, as well as research and quality control at universities and corporations.
Moving forward, we will continue to enhance functionality and strengthen integration with surrounding systems to further improve service convenience. At the same time, we are committed to expanding support and value delivery to more medical sites, and to strengthening our organizational structure in preparation for global expansion.
[Comments from Investors]
One Capital
“Medmain is delivering and implementing an innovative solution that integrates digital pathology and AI in the highly specialized and experience-driven field of pathology diagnosis.
We are deeply impressed by their AI diagnostic technology grounded in a strong understanding of pathology, the high level of product maturity, the exceptional breadth of cancer types covered—surpassing global competitors—their ability to embed solutions into clinical settings through co-creation with healthcare professionals, and the passion and execution capability of Mr. Iizuka and the team.
We are confident that Medmain will play a vital role in dramatically advancing the quality, speed, and accessibility of medical care. We will fully support their business expansion across funding, talent, and strategic development.” — Yukako Yokota, Partner, One Capital.
[About One Capital]
One Capital is an independent venture capital firm that invests in and supports SaaS and healthcare startups. They provide hands-on support from both a business and financial perspective, fully backing bold initiatives that create lasting value for society. They also operate a unique business model that includes offering DX advisory services and developing SaaS products for their limited partners.
Niremia Collective
“We at Niremia Collective are honored to participate in this funding round, strongly resonating with Medmain’s vision and technological capabilities in addressing challenges within the field of pathology. Amid a global shortage of pathologists, Medmain’s AI-powered digital pathology solution “PidPort” offers a profoundly impactful approach by simultaneously improving access to care and diagnostic accuracy.
In particular, the platform’s ability to handle multiple organ types with high precision and its strong implementation capability, grounded in collaboration with clinical settings, suggest tremendous potential for further expansion both in Japan and abroad.
Guided by our mission to realize wellbeing through technology, we are committed to supporting initiatives that enhance the quality and sustainability of healthcare. We will continue to stand alongside Medmain as a strategic partner in creating global impact and driving growth.” — Naoko Okumoto, Founder and Managing Partner, Niremia Collective.
[About Niremia Collective]
Niremia Collective is a venture capital firm based in Silicon Valley, USA, specializing in the wellbeing technology sector. It was founded by Naoko Okumoto, an expert in business development and investment across Silicon Valley and the Asia-Pacific region, and Nichol Bradford, the founder of Transformative Technology, the world’s largest and most recognized ecosystem for wellbeing technology.
Plug and Play
“We at Plug and Play are thrilled to announce our investment in Medmain, a healthcare AI company transforming pathology through technology. With the strong support of numerous corporate partners and new government initiatives in Japan, we believe the country is emerging as a prime destination for global investors seeking the next generation of unicorns.” — Alireza Masrour, General Partner, Plug and Play.
[About Plug and Play]
Plug and Play is a top-tier global venture capital firm and accelerator headquartered in Silicon Valley, USA. The company invests in and supports startups with innovative technologies and ideas. Plug and Play has a strong track record of nurturing unicorn companies such as PayPal, Dropbox, Guardant Health, and LendingClub.
Representative Comment
Medmain Inc. CEO Osamu Iizuka
“We are honored to welcome such strong investors who highly value Medmain’s mission, technological capabilities, and accomplishments in addressing critical healthcare challenges in the field of pathology through the power of technology.
Our platform, “PidPort,” is already being used in a wide range of clinical settings, contributing to improvements in the quality of care, operational efficiency, and research and development.
Moving forward, we will further accelerate product development by enhancing integration with hospital and diagnostic systems, strengthening AI functionalities, and improving overall usability to deliver an even better service.
Beyond Japan, we aim to expand globally and actively contribute to solving healthcare challenges around the world.“
Funding Led by HalfCourt Capital with Participation from Mozilla Ventures, BrightSpark, AlleyCorp, Sentiero, and Union Bay Partners
NEW YORK, May 8, 2025 — Jozu, the company building enterprise-grade orchestration tools for AI applications, today announced it has raised $4 million in seed funding. The round was led by HalfCourt Capital, with participation from Mozilla Ventures, BrightSpark, AlleyCorp, Sentiero, and Union Bay Partners.
The investment will accelerate Jozu’s mission to provide security-conscious organizations with AI/ML lifecycle tooling that accelerates AI projects from development to production—without compromising compliance, security, or operational agility.
Meeting Enterprise Demand for AI Operations
As businesses move from AI prototypes to production, they face significant challenges managing the complexity of AI/ML projects. Jozu provides a comprehensive solution for AI model and agent orchestration, enabling organizations to deploy and scale AI solutions with confidence.
“Organizations are moving from prototypes built with OpenAI and Anthropic, to production deployments using self-hosted models to protect their data and competitive advantage,” said Brad Micklea, CEO & Founder of Jozu. “That isn’t as simple as grabbing an open source model from Hugging Face – AI models and Agents need to be integrated, tested, secured, and audited throughout their lifecycle. This funding will allow us to meet the rapidly growing enterprise demand for tools that simplify, secure, and speed the productization of self-hosted AI projects.”
Strategic Investment Fuels Growth
The seed round will support Jozu’s ambitious growth plans for the next 18-months, including:
Expanding Platform Capabilities – Creating the industry’s first extensible AI operations control plane to streamline AI/ML deployment, inference, security, and governance
Enhancing AI Security & Compliance – Integrating AI/ML security scanning, model lineage tracking, and signing frameworks to help businesses meet regulatory and operational requirements
Scaling Open Source Adoption – Working with the Cloud Native Computing Foundation (CNCF) to establish an open standard for AI model packaging, with KitOps.org as its reference implementation
Growing the Team – Hiring world-class engineers and go-to-market experts focused on building the future of DevOps for enterprise AI
KitOps: Foundation for AI Development
Jozu’s open source standard, KitOps, which is part of the CNCF, has already gained significant traction as the preferred packaging and versioning solution for organizations self-hosting AI/ML models. Unlike proprietary formats that lock businesses into a single vendor and aren’t compatible with existing DevOps tools, KitOps leverages OCI (the same standard used for containerized applications), ensuring that AI models are portable, reproducible, and secure.
Major organizations in the private and public sectors from North America, the European Union, and Asia have integrated KitOps into their AI/ML platforms. The project has been downloaded over 85,000 times in its first year and is being used in enterprise production environments globally.
Investor Perspectives
“The next phase of AI adoption is all about operational excellence,” said Rob May, General Partner at HalfCourt Capital. “Jozu is building the critical infrastructure that will allow enterprises to deploy and manage AI applications with the same rigor – and the same teams and tools – they use with traditional software. We’re excited to support their vision for making enterprise AI operations seamless, secure, and scalable.”
About Jozu
Jozu provides security-conscious organizations with AI/ML lifecycle tooling that ensures AI projects move efficiently from development to production—without compromising compliance, security, or operational agility. With deep expertise from organizations like AWS, Red Hat, and Docker, the Jozu team understands the discipline needed to operate mission-critical AI applications at enterprise scale.
For more information about Jozu and its AI orchestration platform, visit jozu.com.
PERTH, Australia, May 8, 2025 — Laurence Escalante, founder of VGW and a leading backer of emerging industries, has led a strategic bridge funding round for Green Li-ion, an Australian clean-tech innovator transforming the battery recycling sector.
The round will enable Green Li-ion to accelerate the scale-up of its breakthrough battery rejuvenation technology, as global demand for sustainable sources of critical materials reaches new heights.
The investment comes at a crucial time. With the United States moving to restrict imports of key battery metals, Green Li-ion’s patented Australian technology is positioned to help North America reshore refined cathode material production. The company is on track to become the largest domestic producer of these materials in the U.S.
“Our world-first technology redefines how we source critical minerals,” said Leon Farrant, CEO and Founder of Green Li-ion. “By recovering valuable materials from battery waste, we’re significantly reducing the environmental cost compared to extracting the same volume of minerals from the earth.”
Green Li-ion’s proprietary process delivers up to a 90% reduction in carbon emissions compared to traditional mining, positioning the company as a pioneer in the fast-growing “urban mining” industry. Initially developed at its Geelong technology centre, the company has scaled to six operational facilities across the globe.
The investment from Escalante underscores growing confidence in vital Australian-developed clean-tech and demonstrates his support for global decarbonisation efforts. As governments and industries transition to net-zero, Green Li-ion’s innovation offers a critical advantage combining performance and sustainability at scale.
Green Li-ion holds 87 patents and continues to revolutionise the energy storage industry with world-first technology that fully remanufactures spent lithium-ion batteries and battery waste.
The Company will use proceeds to further innovate and accelerate its client offerings, and to sponsor future additional acquisitions.
MIAMI, May 8, 2025 — Diatonic Healthcare (“Diatonic”), a middle market private equity firm focused on healthcare technology and tech-enabled services, today announced a growth investment in Quantix Consulting (“Quantix”), a healthcare and regulated industry specialist staffing platform.
Headquartered in Denver, Quantix has proven itself over the last 23 years as a premier regulated industry and healthcare Cyber & IT staffing company for blue chip enterprise customers. Quantix has become a go-to source for talent and resources for enterprises across healthcare systems, fintech, government, and other regulated spaces. Speed to fill, quality of talent, and unending commitment to customer service has led to Quantix’s tenured relationship with its customers and stellar market reputation. Quantix is committed to helping ensure enterprises are ready for the new wave of cyber hacks, IT challenges, and innovation.
Quantix is led by Michael Haase, an experienced founder and US Air Force veteran, who has dedicated his career to protecting sensitive data and information of large enterprises. For over 25 years, Michael has been a tech enthusiast and entrepreneur. Michael has built, transformed and led organizations in the software, hardware, SAP, and Cloud services spaces. Michael has successfully impacted organizations across many verticals and markets while holding executive roles, fulfilling board positions, and spearheading operations.
“We are thrilled to be making a majority investment into Quantix,” said Maximilien Weiss, Chief Executive Officer of Diatonic. “We have the highest level of conviction that Quantix will further one of Diatonic’s core focus areas: Safeguarding Data, Systems, and Privacy. The United States is facing unprecedented need for IT and Cyber professionals, and companies like Quantix are on the frontline helping meet the demand.”
Michael Haase, CEO and Owner of Quantix, added “We’re thrilled at Quantix to take this next step in our journey with this strategic acquisition and growth investment. Our partnership with Diatonic will accelerate our growth trajectory, unlock new market opportunities, and enhance our ability to deliver world class service to our customers and consultants at scale. We are facing a surging domestic demand for Cyber and IT services, and Diatonic is the perfect partner to help us capture the opportunity.”
Diatonic received legal counsel from Greenberg Traurig LLP, and Financial & Tax Consulting work from Withum Smith+Brown, PC.
About Quantix Quantix is an IT workforce management services provider that prioritizes people and purpose for growth, pioneering the road map for changing the culture in the IT services industry. For 23 years Quantix has connected highly talented, inspired individuals with dynamic teams and leaders across the United States. Dually focused on client success and employee career potential, Quantix is built on a foundation of a human-centered yet tech-enabled approach that builds deep, trusted relationships. Linked by shared values and a commitment to process, the Quantix team confidently and consistently delivers the intangible, unique recipes created in connecting employers and talent. Visit www.quantixinc.com.
About Diatonic Healthcare Diatonic Healthcare, LLC (“Diatonic”) is a Miami-based private equity company focused on investing into healthcare technology and tech-enabled services. Diatonic brings a founder-friendly approach along with deeply thematic sourcing and portfolio operational support. Since inception, Diatonic has carved out a niche in healthcare and regulated IT & Cyber investing across its portfolio companies. Targeted stages of investment include growth equity through control buyouts. Diatonic’s deal sizes range from $10 – $150 million for platform investments. Visit www.diatonichealthcare.com.
The strategic backing of CDPQ and Nuveen positions Redaptive to rapidly expand its footprint and leverage its EaaS platform as a growth engine.
DENVER, May 8, 2025 — Redaptive, a leading Energy-as-a-Service (EaaS) provider, today announced the successful closing of a $650 million (CAD 903 million) credit facility from CDPQ, a global investment group, and Nuveen, the investment manager of TIAA. This facility strengthens Redaptive’s ability to scale its innovative platform, meet accelerating customer demand, and deliver measurable business value through energy efficiency, renewable generation, and data-driven building performance.
Nuveen a TIAA Company
Redaptive can now expand its investment in physical asset infrastructure across large enterprise portfolios, enabling customers to reduce operating costs, enhance resilience, and meet long-term business growth and sustainability goals — all without the end users’ upfront capital or added operational complexity. Redaptive’s platform combines flexible finance structures, AI-powered insights, and proprietary metering technology to turn energy and infrastructure into a strategic engine of efficiency and performance.
“This new credit facility is a vote of confidence in both our team and our mission,” said Matt Gembrin, CFO of Redaptive. “Enterprises are under increasing pressure to modernize their infrastructure while staying financially agile. Our model continues to prove that you don’t have to choose between operational efficiency, capital discipline, and sustainability — you can achieve all three.”
$650M Credit Facility from CDPQ and Nuveen to Accelerate Energy Optimization Initiatives
Redaptive will leverage this capital to continue its support of enterprise customers with data-driven efficiency and energy generation programs, including HVAC, LED lighting, solar, storage and metering solutions, and other upgrades that can be deployed at large-scale multi-site portfolios. This additional financing will enable Redaptive to expand its reach, increase project deployments, and further develop its solutions across the U.S., Canada, and certain European jurisdictions.
“Redaptive is a leader in helping their clients adopt energy and power solutions that reduce energy costs and consumption, while changing how industries approach sustainability,” said Don Dimitrievich, Head of Nuveen’s Energy Infrastructure Credit business. “Our investment reflects our confidence in Redaptive’s ability to scale their business, while reducing carbon emissions globally.”
A Strategic Leap Toward Sustainability, Resilience, and Results That Scale
The new facility from CDPQ and Nuveen underscores Redaptive’s ability to drive meaningful progress toward decarbonization while enabling customers to build more resilient and efficient operations. Redaptive continues to set benchmarks in energy efficiency, sustainability innovation, and scalable energy solutions for their customers through their Energy-as-a-Service solution and the Redaptive ONE data platform. With this latest support, Redaptive is poised to accelerate the deployment of its platform across new markets and solution categories, continuing to build momentum as the trusted infrastructure partner for enterprises navigating the energy transition.
“CDPQ and Nuveen are both valued partners in our journey, and we are grateful for their trust in Redaptive’s vision,” said Arvin Vohra, CEO of Redaptive. “This additional support from both global investors allows us to scale our impact, bring our programmatic solutions to more customers, and accelerate the transition to a more sustainable future.”
About Redaptive Redaptive is a leading Energy-as-a-Service provider enabling Fortune 500 commercial and industrial enterprises to turn real asset infrastructure into a strategic engine for growth and efficiency—bringing together capital, intelligence, and performance. Founded in 2015 and headquartered in Denver, Colorado, Redaptive funds and deploys energy-saving and energy-generating systems across large, distributed real estate portfolios. Its programs help enterprises reduce energy waste, lower carbon emissions, and optimize operating costs—supporting broader business objectives such as operational resilience, financial performance, and long-term sustainability. Through flexible financing structures, asset performance optimization, and AI-driven intelligence, Redaptive empowers organizations to scale energy-efficient solutions faster and smarter. For more information, visit Redaptive.com.
About Nuveen Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.3 trillion in assets under management as of 31 Dec 2024 and operations in over 32 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.
Latest Financing Will Ramp High-Volume Manufacturing and Accelerate Deployment for Next-Gen Space Missions
ALBUQUERQUE, N.M., May 8, 2025 — mPower Technology, the leading provider of solar power solutions for space, announced it has secured over $21 million in Series B funding led by Razor’s Edge Ventures and joined by Shield Capital. The new funding will be used to further scale production capacity, continue the advancement of DragonSCALES™ and position the company for sustained leadership in the rapidly expanding commercial and national security space markets. The capital raise builds upon mPower’s Series A financing led by Cottonwood Technology following its spin-off from Sandia National Laboratories.
“mPower has emerged as the only solar provider in the space market with a flight-proven design that can meet both the aggressive cost targets and production volumes required by large-scale Space 2.0 missions, such as LEO constellations,” said Kevin Hell, president and CEO of mPower Technology. “This new funding from highly regarded space sector investors that focus on national security, is a testament to the confidence our customers have in our proven ability to rapidly deliver space power at scale.”
“Space capabilities have been used as an economic engine and to enhance national security for decades. The entire space ecosystem is on the cusp of transformational growth, and nothing happens in space without power. It is a critical enabler,” said Mark Spoto, managing partner of Razor’s Edge. “The confidence we have in mPower is based on real-world proof – its solar solutions are in orbit and delivering value now. It is the only company in the market with proven automated manufacturing that is now ready for high-rate production.”
With a significant new business pipeline and over 12 years of combined on-orbit space heritage, mPower is rapidly becoming the leading provider of power solutions for the next generation of space missions. mPower has been chosen as a solar power provider for key industry players such as Airbus, Blue Origin/Honeybee, Firefly Aerospace, Lynk Global, Gravitics and many others.
This growing roster of customers will be supported by mPower’s first high-volume automated manufacturing line which is located at mPower’s contract manufacturer Universal Instruments Corporation in Conklin, New York. This line dramatically expands throughput and will produce over 2 megawatts of DragonSCALES modules annually, a capacity greater than the total combined global production output of traditional gallium arsenide (III-V) solar module suppliers. High-volume operations commence next month and will produce solar modules for hundreds of spacecraft, including mPower’s contract to supply more than 1.1 megawatts of solar modules for Airbus’ MDA AURORA™ program, one of the largest space solar deals in history.
About mPower Technology, Inc. mPower Technology is shaping the future of solar power with a revolutionary new technology called DragonSCALES™, a completely flexible, interconnected mesh of miniature solar cells. Leveraging well-established and affordable materials, processes and tools for the silicon PV and microelectronics industries, DragonSCALES enables completely new design options for solar power, removing the constraints of existing silicon and gallium arsenide solar solutions, and enabling highly flexible, resilient, lightweight designs that can be rapidly deployed at extremely low cost. Follow us on LinkedIn, X and Facebook, or visit mpowertech.com for the latest news and information.
About Razor’s Edge Razor’s Edge is a growth equity firm that invests in technology companies solving significant challenges in national security and high-growth commercial markets. In addition to providing capital to accelerate the pace of innovation, Razor’s Edge offers direct and practical operational support informed by decades of collective experience in the national security sector. The Razor’s Edge team works tirelessly to identify disruptive technologies and capabilities that can solve critical mission needs and deliver them to government and commercial customers who need them. For more information, visit www.razorsvc.com.
Media Contact: Natalie Rizk RiotMind Phone: +1-505-252-4279 Email: [email protected]
Company exits stealth after multi-year enterprise build-out; new capital fuels expansion of ACRA platform usage into public-sector and national defence-related projects
Backers include Scout Ventures, Artis Ventures, and angel investor Gokul Rajaram
Valarian Defence aims to meet rising global demand for secure, compartmentalized systems
LONDON, May 8, 2025 — Valarian, the company behind ACRA — a platform for enforced isolation and compartmentalized infrastructure — today emerged from stealth, announcing $7 million in new strategic funding, bringing its total seed to $20 million.
With rising demand for control-first security postures, this latest capital injection will fund the public launch of Valarian Defence, an offering built specifically for governments and institutions operating in high-risk, mission-critical environments.
Josh McLaughlin, COO & Co-Founder, Valarian; Max Buchan, CEO & Co-Founder, Valarian
The round was co-led by defence-focused Scout Ventures and Artis Ventures, both making rare investments outside the United States, with participation from angel investor Gokul Rajaram. Previous investors have included Molten Ventures, IQ Capital, and MD One.
“Our conviction in Valarian isn’t just about the technology — it’s about what it represents: a next generation of dual-purpose software. Seeing innovation like this coming out of the UK shows how geographically global this problem set is,” said Cody Huggins, partner at Scout Ventures.
Founded by operators with frontline experience, Valarian brings together expertise from military, finance, and systems domains. Max Buchan, a former international finance operator, and Josh McLaughlin, a former U.S. Army officer and Palantir executive, created Valarian’s ACRA platform based on their experiences in environments where trust routinely fails.
After a few years of building and hardening ACRA to accommodate the needs of regulated enterprises, Valarian is now scaling its platform into national security and critical coordination environments where traditional security approaches have proven inadequate.
“We built ACRA because the environments we came from didn’t trust shared infrastructure — and now that skepticism is becoming standard,” said Max Buchan, Valarian’s Co-Founder and CEO. “The more sophisticated the threat landscape becomes, the less room there is for improvisation in how institutions protect communications, data, and operational continuity.”
To date, the company has developed two core product lines: Privileged Communication and External Comms Capture for regulated enterprises, while Valarian Defence extends these capabilities to government-grade deployments requiring enforced compartmentalization and secure coordination infrastructure.
“Breaches don’t just leak sensitive data anymore — they disrupt discretion, decision-making, and the ability to respond,” said Josh McLaughlin, Co-Founder and COO of Valarian. “Valarian Defence is about helping governments and institutions retain control even when everything else is under stress.”
The company will use the new capital to expand its government partnerships, develop additional deployment pathways, and bring platform-level containment to environments previously reliant on retrofitted security measures.
Valarian delivers infrastructure for institutions operating at the front lines of risk. Its platform, ACRA, enforces isolation, auditability, and control—designed to contain threats and preserve operational integrity when assumptions about trust fail.
Valarian serves both regulated enterprises and national security programs with compartmentalized systems for secure communication, compliance, and continuity. Its core offerings include Privileged Communication, a tightly permissioned collaboration suite, and External Comms Capture, a tool for monitoring and archiving messaging platforms like WhatsApp, Signal, and Telegram. For government and defence contexts, Valarian Defence extends ACRA’s architecture to environments where discretion, coordination, and jurisdictional control are non-negotiable.
Founded by leaders from the military, financial, and technical domains, Valarian builds with the belief that critical systems deserve architecture—not improvisation.
