DUBAI, UAE, June 9, 2025 — Global healthcare technology company CorroHealth has made a strategic investment into Dubai based pioneering revenue cycle management (RCM) intelligent technology solutions provider SANTECHTURE.

The deal brings together the industry-leading AI capabilities of CorroHealth with the advanced RCM solutions of SANTECHTURE, equipping SANTECHTURE healthcare clients across the Gulf Cooperation Council (GCC) region with powerful new technology to maximize ROI.

The investment formalizes what has been a productive working relationship between the two companies. Over the past two years, CorroHealth and SANTECHTURE have successfully completed multiple proofs of concept for SANTCEHTURE clients. In January, SANTECHTURE and CorroHealth jointly hosted the Arab Health reception focused on AI and Revenue Cycle Management (RCM) Innovation.

SANTECHTURE, which is backed by leading institutional investors Gulf Capital and Shorooq Partners, has seen a phenomenal increase in demand for its advanced deep tech RCM solutions in the GGC and across regional markets, and this partnership will support yet another leap ahead in advancing innovation and value creation.

CorroHealth CEO Pat Leonard said, “This is an exciting step forward for CorroHealth, as we combine our technological capabilities with a local company based in the GCC region. CorroHealth joining forces with SANTECHTURE brings the best of both worlds to provide clients in the region with unsurpassed RCM capabilities to protect hospitals’ bottom lines and help to ensure their financial future.”

SANTECHTURE Founder and CEO Anas Batikhi said, “The pairing of SANTECHTURE’s unique leading-edge solutions with CorroHealth’s AI driven innovations in the RCM technology space is truly unrivalled. We are especially thrilled to be cementing further our working relationship with CorroHealth and leading the intelligent automation drive to support our clients and partners with their RCM digital transformation journey, delivering on cost reduction and improved revenue outcomes.”

Gulf Capital Managing Director Mohammad Madani added, “We are proud to have been early backers of SANTECHTURE and to now support this landmark partnership between SANTECHTURE’s and CorroHealth. This strategic investment is a strong validation of SANTECHTURE’s leadership in intelligent RCM solutions across the GCC and marks a pivotal milestone in its growth journey. We are confident this collaboration will unlock significant value for healthcare providers in the region.”

Bilal Mushtaq, MD, CorroHealth’s Executive Vice President of Global Growth and Strategy for GCC market expansion said “This strategic investment and partnership marks a pivotal step forward in our growth strategy, reinforcing our commitment to innovation and delivering greater value to a new market. This is not just a collaboration but a shared vision to forge a new path towards providing excellence in revenue cycle management.”

About CorroHealth
CorroHealth is a leading provider of clinically led healthcare analytics and technology-driven solutions, dedicated to positively impacting financial performance for physicians, hospitals, and health plans. CorroHealth offers integrated solutions, proven expertise, intelligent technology, and scalability to address needs across the entire revenue cycle. The company’s global presence extends over 10 locations, including the United States, India, and the United Kingdom. CorroHealth was recently named one of the “150 Top Places to Work in Healthcare in 2025” by Becker’s Healthcare and a Great Place To Work^® Certified^™ in India for the second time in two years. Further information is available at corrohealth.com.

About SANTECHTURE
SANTECHTURE is a leading provider of innovative revenue cycle management (RCM) solutions tailored for the rapidly evolving healthcare sector. With a deep understanding of market challenges and growing demand for intelligent technology-driven solutions, we have successfully established ourselves as pioneers in the healthcare RCM-tech industry. Since 2009, we have been instrumental in transforming RCM practices in both the private and public healthcare sectors across Gulf Cooperation Council (GCC) region. Our expertise allows us to fully support US, Australian, and Saudi Arabian billing and coding systems in order to provide healthcare providers with the tools they need to thrive in today’s digitized markets. santechture.com

About Gulf Capital
Gulf Capital is an operationally focused private equity firm with over 19 years of investment experience from the GCC to the rest of Asia, one of the fastest growing investment corridors in the world today. Gulf Capital partners with dynamic entrepreneurs and exceptional management teams to provide them with growth capital, strategic advice, and operational expertise to build market leading global businesses. The Firm has a long and proven track record of investing in Growth Markets, having closed 45 investments since 2006. It currently manages over $2.4 billion in assets across seven funds and investment vehicles. As a thematic investor, Gulf Capital focuses on resilient, forward-looking sectors such as Technology and Fintech, Healthcare, Business Services, Consumer, and Sustainability. Its mission is to build value with world-class governance and ESG best practices, deep focus on operational improvements and sectoral expertise to generate sustainable and superior performance for its key stakeholders. Gulf Capital has deep Revenue Cycle Management expertise and was a pioneering investor in this space, having closed 6 acquisitions in this sector to date. For more information, please visit www.gulfcapital.com or linkedin.com/company/gulf-capital

Media Contacts:
For CorroHealth
Mellissa Gardner, Senior Vice President of Marketing
[email protected]

For SANTECHTURE
Najati Hassan, Senior Director of Business Development
[email protected]

SOURCE CorroHealth

Hirundo’s world-first technology empowers enterprises to make AI models “forget” problematic data and behavior, resulting in up to 55% less hallucinations and 70% reduction in AI bias when deployed, creating a more reliable and trustworthy AI ecosystem

TEL AVIV, Israel, June 9, 2025 — Hirundo – specialists in machine unlearning, has raised an $8M seed funding round, led by Maverick Ventures Israel, with participation from SuperSeed, Alpha Intelligence Capital, Tachles VC, AI.FUND and Plug and Play Tech Center. The company is developing industry-first solutions to “make AI forget” poisoned, malicious and confidential data from trained AI models, biases as well as hallucinations — the problem of AI models generating misleading or inaccurate information that appears factual. Hirundo achieves this without needing to retrain models from scratch and without degrading model performance, thereby de-risking AI adoption.

As generative AI evolves from experimentation to enterprise infrastructure, critical flaws start to appear, and once a model is trained, fine-tuned or deployed, its mistakes are nearly impossible to fix. Researchers have found almost 40% of ‘facts’ used by AI contain bias, while half of US employees cite inaccuracy as a major concern associated with generative AI. As AI becomes more pervasive and more powerful, the more hallucinations and biases are uncovered, with hallucinations worse now more than ever before, leading to legal, reputational and operational risks for businesses relying on it. Hirundo is addressing the flaws in AI from an entirely unique starting position – after a model is already trained. By retroactively removing undesired behaviors and inaccuracies from AI models without impeding the model’s capabilities or needing to retrain it – a time-consuming and multi-million dollar exercise – Hirundo improves AI performance and reliability, empowering businesses to deploy AI with confidence.

Techniques to remediate issues in AI models are varied and span the entire AI development lifecycle, but these still do not prevent hallucinations or biases from leaking into final AI projects. Conventional solutions like guardrails or fine-tuning are insufficient – they simply mask and filter bad data or behaviors while the root cause in the model itself remains untouched. Hirundo looks at jailbreaks from a behavioral point of view – using its machine unlearning approach, the company locates the directions in the model that are most prone to adversarial manipulations, and removes them. This aims to future-proof AI models to attacks.

“Broader adoption of AI is limited by hallucinations and undesired behaviors which make models too risky to deploy in enterprise-level applications. With Hirundo, models can be remediated instantly at their core, working towards fairer and more accurate outputs,” said Ben Luria CEO & Co-Founder of Hirundo. “Hirundo’s solution operates like a form of AI model “neurosurgery,” pinpointing where in a model’s billions of parameters hallucinations originate or toxic knowledge encoded, and precisely removing it. We ensure data is reliably deleted, model accuracy is assured, and the process is scalable and repeatable. We welcome this latest funding which will enable us to enhance our technology and with it, support the broader adoption of AI.”

“Without removing hallucinations or biased intelligence from AI, we end up distorting outcomes and encouraging mistrust – for organizations and enterprises this means legal, financial and real-world consequences. A majority of businesses suffer from AI built with bias, but most cannot address it sufficiently. Hirundo offers a type of AI triage; removing untruths or data built on discriminatory sources and completely transforming the possibilities of AI. We are delighted to invest and support their onward journey,” said Yaron Carni, Founder at Maverick Ventures Israel, which led this funding round.

Mads Jensen, Managing Partner of SuperSeed commented; “We invest in exceptional AI companies transforming industry verticals, but this transformation is only as powerful as the models themselves are trustworthy. Hirundo’s technology is groundbreaking in addressing the hallucination and bias problems that plague even the most advanced models today. Their approach to machine unlearning addresses a critical gap in the AI development lifecycle.”

Hirundo identifies how a particular behavior presents in the model, utilizing industry accepted benchmarks and outlines any undesirable behavioral traits, followed by steering the model away from them. That approach works both for open-source models (like Llama, Mistral, Gemma, etc.) and soon, gated models (like ChatGPT, Claude, etc.). When deployed, Hirundo’s solution has led to the removal of up to 70% of biases – as demonstrated in their work on DeepSeek-R1, as well as up to 55% reduction of hallucinations and 85% decrease in successful prompt injections, showcased with the company’s work on Llama.

The first-choice solution for mission-critical AI deployments in industries such as finance, healthcare, and other consumer-facing industries, as well as high-risk enterprise and defense applications, Hirundo is already piloting with a variety of multinational corporations and government agencies. Hirundo’s platform supports both generative models (like large language models) and non-generative systems used in areas such as computer vision, radar, LiDAR, NLP, and more.

Founded in 2023 by Emeritus Professor Oded Shmueli, former Dean of Computer Science and EVP at Israel’s Technion, alongside Ben Luria, serial entrepreneur and Rhodes Scholar, and Michael Leybovich, an expert in the field of data lineage, Hirundo is the first startup in the world to offer an unlearning solution, pioneering the concept of “making AI forget.”

To book a demo or to find out more about Hirundo visit: https://www.hirundo.io/contact

About Hirundo

Founded in 2023 by serial entrepreneur and Rhodes Scholar, Ben Luria alongside award-winning researcher Michael Leybovich and Emer. Professor Oded Shmueli, former Dean of Computer Science at Israel’s Technion, Hirundo is the first startup in the world to offer an unlearning solution, pioneering the concept of “making AI forget.”

Hirundo’s technology enables AI models to remove unwanted data or behaviors they have previously learned, ensuring that biases, sensitive information, or inaccuracies can be effectively remediated. By leveraging patent-pending technologies, Hirundo is dedicated to making AI more safe, trustworthy and accurate. Its solutions empower enterprises to deploy AI with confidence, ensuring responsible AI adoption while providing mission-critical accuracy.

Media Contact

Gavin Horwich
[email protected] 

SOURCE Hirundo

Bringing total funding to $84M, the B Round will accelerate the company’s US expansion, R&D growth, and the development of the company’s next generation cybersecurity platform with natively built controls, including 24/7 detection and response

MIAMI, June 9, 2025 — Guardz, the cybersecurity company empowering Managed Service Providers (MSPs) and IT professionals to protect small and medium-sized businesses, today announced that it has raised $56 million in Series B funding led by ClearSky, with participation from new investor Phoenix Financial and existing investors Glilot Capital Partners, SentinelOne, Hanaco Ventures, iAngels, GKFF Ventures, Lumir and others. This latest investment reflects Guardz’s rapid growth, bringing total funding to $84 million in just over two years.

As cyberattacks grow in sophistication and increasingly target small and mid-sized businesses, the backbone of the economy, the MSPs and IT professionals serving them find themselves at the forefront of the battle. But MSPs face mounting cybersecurity challenges, with 77% struggling to manage multiple fragmented solutions amid a constantly evolving threat landscape, which leads to tedious manual processes, slower response times, and higher operating costs. The future of SMB cybersecurity relies on unifying tools into a cohesive and AI-native cyber defense ecosystem. Guardz is at the forefront of this effort, enabling MSPs to protect their clients more effectively across all attack vectors and scale their businesses sustainably.

Since launching from stealth in early 2023, Guardz has onboarded hundreds of MSP partners and is securing thousands of businesses across the globe. With this additional funding, Guardz will scale go-to-market efforts and enhance its unified cybersecurity platform to deliver greater automation, risk prevention, and cyber compliance and insurance capabilities, helping small and medium-sized businesses build resilience against the growing number of increasingly hostile cyber threats.

The Guardz unified cybersecurity platform, including AI and human-led MDR, is purpose-built for MSPs to deliver comprehensive cybersecurity at scale. By streamlining active protection across identities, email, endpoints, cloud, and data into a single engine, Guardz enables MSPs to detect threats faster, respond more accurately, and reduce manual effort. Its 24/7 Managed Detection and Response (MDR) combines AI-automated detection and response with expert-led threat hunting, while integrated SentinelOne EDR ensures best-in-class security without added complexity. The seamless Microsoft 365 and Google Workspace integrations continuously monitor user behavior and activity, flagging suspicious patterns to prevent account takeover and suspending accounts before any damage occurs. Combining these controls with user awareness and email protection enhances MSPs’ ability to strengthen client security, unlock new revenue opportunities, and scale their businesses more efficiently.

“This funding propels Guardz forward in our mission to bring enterprise-level cybersecurity to SMBs, and to continue to empower MSPs with unified security controls and automated detection and response,” said Dor Eisner, CEO and co-founder of Guardz. “MSPs are the first line of defense for these organizations – the engine of the global economy – and we are excited to continue providing them with our best-in-class platform, to ensure that businesses are not only secured and insured, but can thrive.”

“Guardz has built an exceptional solution that directly addresses a critical and underserved need in the market at a very exciting time for technology,” said Alex Weiss, Managing Partner at ClearSky. “Their AI-native approach, seamless integrations, and relentless focus on the MSP ecosystem has led to rapid growth and uniquely positions them to continue to lead this space. We are proud to support Guardz as they scale their impact and set a new standard for cybersecurity in this critical segment of the economy.”

To learn more about Guardz and the new funding, click here.

About Guardz

Guardz provides an AI-native, unified detection and response platform designed for MSPs to secure and insure small and medium-sized businesses. The platform protects digital assets, including identities, endpoints, email, cloud, data, and more, all with a user-centric approach. The company is redefining the MDR market by combining the power of AI agents with expert threat hunters to connect the dots and deliver unified, scalable, and effective protection for SMBs.

About ClearSky

ClearSky is a venture capital and growth equity fund manager that invests in innovative, transformative companies, specializing in technology solutions that power the energy transition and disruptive technologies in cybersecurity. Over more than a decade, ClearSky effectively managed approximately one billion dollars in capital commitments. Their investment funds enable exciting companies to bring disruptive technology to market while positively impacting our world and delivering value for investment partners.

Guardz Media Contact
Allison Grey
Headline media
[email protected]
+1 323 283 8176 

SOURCE Guardz

– Key executives, including Founder Lee Hae-jin and CEO Choi Soo-yeon, engage in discussions with the local startup ecosystem
– The new investment initiative will focus on investing in promising startups in North America, starting with video AI startup ‘TwelveLabs’
– NAVER has a strong track record of tech startup investments through its NAVER D2SF and is also known for acquiring Poshmark

SEONGNAM, South Korea, June 7, 2025 — NAVER Corporation (CEO Choi Soo-yeon) announced the planned establishment of “NAVER Ventures,” its new global venture investment initiative in Silicon Valley. The launch marks a significant step in NAVER’s strategy to expand its global footprint and foster innovation by investing in promising startups in North America.

NAVER Ventures aims to build on NAVER’s experience in supporting startups through its NAVER D2SF, which has invested numerous early-stage technology startups and supported their overseas expansion. The company also expanded its global portfolio by acquiring Poshmark, a leading U.S.-based social commerce platform, in 2023.

As part of its commitment to the Silicon Valley ecosystem, NAVER Founder and Chairman Lee Hae-jin, CEO Choi Soo-yeon, and Kim Namsun, President of investments visited the region to engage directly with entrepreneurs, engineers, and investors. They hosted the “Venturing NAVER’s Next Chapter” networking event on June 5 at the Four Seasons Hotel, where they discussed NAVER’s vision for supporting startups and fostering technological innovation.

NAVER Ventures has confirmed its first investment in TwelveLabs, a video AI startup recognized for its innovative technology. The investment aligns with NAVER’s focus on AI competitiveness and its strategy to collaborate with global startups to drive future growth.

The new investment initiative, NAVER Ventures, overseen by Kim Namsun, is expected to complete its establishment process later this month. It will invest capital and expertise to help category-leading companies accelerate the growth of their businesses (/END)

About NAVER

Founded in 1999, NAVER is South Korea’s largest Internet company and one of the world’s leading technology companies. NAVER has grown into a global ICT company that leads in cutting-edge technologies and operates a diverse portfolio of businesses, including commerce, fintech, content, cloud services, AI, and robotics, as well as other global online services such as LINE mobile messenger, Webtoon and Webnovel publishing, SNOW video camera app and ZEPETO metaverse platform.

NAVER is expanding its global footprint through strategic partnerships with industry leaders such as SoftBank, Poshmark, and Wattpad. Currently, TEAM NAVER strengthens business portfolios and expands its service regions, including Japan, North America, and Europe.

In 2024, NAVER reported sales of KRW 10.74 trillion (approximately USD 7.5 billion) and NAVER is ranked as the 12th largest company in terms of market capitalization in Korea.

To learn more, visit www.navercorp.com/en 

SOURCE NAVER

PHILADELPHIA, June 6, 2025 — BizEquity, the leading provider of cloud-based business valuation solutions, today announced the release of its new Exit Valuation Module, an eighth step in the company’s platform designed to help financial professionals and advisors deliver forward-looking, strategic planning insights to their business owner clients.

Built directly into the BizEquity platform, the Exit Valuation Module allows users to project a business’s potential future value based on a target exit valuation and expected revenue growth rate. This enhancement equips advisors to model personalized, goal-based outcomes that align with their clients’ long-term objectives, including retirement, succession, and estate planning.

“For years, our platform has helped advisors understand what a business is worth today,” said James Barnes, Chief Technology Officer at BizEquity. “Now, we’re empowering them to answer an even more important question—what does it need to be worth for the owner to reach their goals? This new module is all about bringing clarity and confidence to the exit planning conversation.”

With the new feature, advisors can:

• Enter a target exit value and project a future business valuation
• Visualize growth expectations with a dynamic comparison chart
• Engage clients in more strategic and impactful long-term planning

The Exit Valuation Module is fully integrated into BizEquity’s patented Seven Step Valuation process and now represents Step Eight in the platform. It supports a wide range of use cases, from exit and succession planning to retirement readiness and value growth strategies.

This release is part of BizEquity’s broader effort to enhance business planning tools available to advisors and was developed in response to user feedback across the platform’s global network.

To learn more or to request a demo, visit www.bizequity.com.

SOURCE BizEquity

Open-source leader democratizes enterprise-grade secrets management for fastest-growing startups, Fortune 500 enterprises, and nation-states.

SAN FRANCISCO, June 6, 2025 — Infisical, the leader in open source secrets, identity, and access management, today announced a $16 Million Series A funding round led by renowned technology investor Elad Gil. Additional participants in the round included Y Combinator, Gradient (Google), Dynamic Fund as well as notable angels Olivier Pomel (CEO, Datadog), Sanjit Biswas (CEO, Samsara), Antonio Gracias (CEO, Valor), and others.

Over the past few years, Infisical has rapidly emerged as the go-to solution for managing sensitive data and credentials across complex development workflows and infrastructure setups. The platform’s intuitive approach to handling API keys, database credentials, certificates, SSH keys, and other sensitive data has attracted thousands of developers, from high-growth startups like Hugging Face to Global 2000 enterprises like LG.

“Secrets management serves as a critical foundation that connects all infrastructure components within any organization, making it incredibly important from both security and reliability perspectives,” said Vlad Matsiiako, CEO and co-founder of Infisical. “At Infisical, we’ve struck the ideal balance between offering an exceptional developer experience and meaningfully advancing organizational security practices—ensuring it scales effortlessly from an organization’s first deployment to tens of thousands of microservices.”

In the past year, Infisical achieved several major milestones:

• Launched comprehensive PKI, KMS, and SSH access management solutions;
• Grew revenue over 20x turning the company cash flow positive;
• Reached over 40 million downloads of Infisical software across the globe;
• Expanded its user base to over 100,000 developers;
• Exceeded 10 billion secrets secured per month.

“Secrets management remains one of the most critical yet underserved areas of enterprise security,” said Elad Gil. “Infisical stands out through its unique combination of enterprise-grade security and developer-first experience. Their rapid adoption by enterprises validates the urgent market need for a new approach.”

The new funding will fuel Infisical’s next phase of growth, focusing on:

• Extending Infisical platform across secrets, identity, and access management;
• Deepening integrations with cloud providers and infrastructure tools;
• Developing security infrastructure for AI agents and workloads;
• Expanding the engineering team in San Francisco and globally to accelerate product development;
• Growing the go-to-market team to support increasing enterprise demand;
• Investing in customer success and scaling marketing to meet growing demand.

For more information about Infisical’s secrets, identity, and access management platform, visit infisical.com.

SOURCE Infisical

LOS ANGELES, June 6, 2025 — iGlobal Media USA, a rapidly growing digital broadcasting company, today announced the opening of a $500,000 investment round to support the national expansion of its cloud-based radio platform. If iGlobal succeeds in its objective to reach $500,000, investors could achieve a 35% return, with repayment totaling $675,000 scheduled within 120 days of capital funding.

The company is developing a digital infrastructure that connects FM, AM, and online radio stations into one centralized ecosystem — streamlining monetization, expanding audience reach, and enabling national ad delivery with real-time analytics and performance tracking.

“We’re building the future of global radio by equipping legacy broadcasters with the tools they need to succeed in a digital-first world,” said Michael Bryant, CEO and Founder of iGlobal Media USA. “This round will fuel our expansion and offer investors a short-term, high-yield return backed by real contracts and growing market demand.”

Platform Highlights

• White-labeled mobile streaming for every station
• Real-time audience analytics and ad performance tracking
• National advertiser access (T-Mobile, Acrisure, Lexus, Insurify)
• Revenue-sharing model with no upfront cost to affiliates
• iGlobal Radio App available on iOS and Androi

Affiliate Reach

iGlobalRadio network already includes over 250 affiliate stations, reaching 10+ million weekly listeners across the U.S. and abroad:

• Power 97.5 LA Radio – Over 3.5M weekly urban music listeners
• Power V97.5 Vegas – Club & DJ-driven content from Las Vegas
• Power 109.5 LA Hot Latin Radio – The pulse of Latin music
• Power 102.5 LA Gospel – Uplifting gospel and faith content
• Power Talk Radio – Global talk radio for modern voices
• Power Z97.5 Zambia – Bridging cultures through music
• Power 98.8 LA – Authentic hip hop from LA’s streets

Investment Goal

• Capital Raise: $500,000
• Investor Return: $675,000 (35%)
• Repayment Timeline: Within 120 days of funding
• Use of Funds: Platform development, affiliate onboarding, legal & licensing, and national marketing
• Security: Contracts and letters of intent with national advertisers and affiliate broadcasters

About iGlobal Media USA

Based in Los Angeles, iGlobal Media USA is redefining the future of radio by integrating legacy broadcasting with modern digital tools. The company’s cloud-based platform enables independent stations to scale globally, monetize efficiently, and deliver premium content to digital-first audiences.

“You’ve heard of iHeart?”
“iGlobal is the next evolution — and we connect you.”
iGlobal Media USA — We’re not just playing the future of radio… We’re streaming it.

To request the investor deck, financials, or schedule a meeting:
[email protected]
(747) 207-2122. Ext 1010

www.iGlobalMediaUSA.com

SOURCE iGlobal Media USA

SAN FRANCISCO, June 5, 2025 — JetBlue Ventures, an early-stage venture capital firm, announced today that Arielle Ring has joined the firm as President. She will help lead strategy and support portfolio companies with fundraising and monetization optimization. She will report into Amy Burr, CEO of JetBlue Ventures.

Ring brings nearly two decades of leadership experience across the travel and transportation industry. She has served as CFO of both Northvolt North America and Ohmium International, and was previously Senior Vice President, Head of Capital Markets and Strategic Finance at BBAM, an alternative asset manager with $20 billion in assets under management. She began her career in Citi’s Investment Banking division, where she focused on travel and transportation within the Global Industrials Group.

Over the course of her career, Ring has raised more than $4 billion in public and private equity, structured and closed over $10 billion in debt, managed and sold a public company, and completed more than $11 billion in M&A transactions.

“Arielle brings financial expertise and deep industry knowledge that will be invaluable as we enter our next phase of growth,” said Amy Burr. “Her experience complements our leadership team and strengthens our ability to support innovative startups transforming travel and transportation.”

About JetBlue Ventures

JetBlue Ventures (JBV) is an early-stage venture capital firm focused on companies redefining the travel and transportation landscape, with an emphasis on enterprise and frontier technologies. Founded in 2016 as JetBlue’s corporate venture capital arm, JBV is now part of SKY Leasing, a premier aviation asset manager. Based in San Francisco, the firm has made over 50 investments across the travel, hospitality, and transportation industries. Learn more at www.JetBlueVentures.com.

Contact

JetBlue Ventures
Anna Shimoda
[email protected]

SOURCE JetBlue Ventures

New funding will fuel expansion of distribution network plus AI-powered solutions amid 2X + YoY growth and 20x scale-up in run rate

MEXICO CITY, June 5, 2025 — Crabi, the leading full-stack auto insurance platform built to make coverage simpler, smarter, and more accessible, announced it has raised $13.6 million in new funding. The round was led by Kaszek and IGNIA, with participation from 30N Ventures, Redwood Ventures, Carao Ventures, Azuro Capital, Newtopia VC, and other investors.

This funding marks a new milestone in Crabi’s mission to redefine how Mexicans protect their vehicles, combining cutting-edge technology with a disciplined operating model to close the country’s longstanding insurance gap and bring coverage to millions nationwide.

Despite being one of the largest automotive markets in Latin America, over 70% of vehicles in Mexico are uninsured. Traditional insurance options have remained expensive, outdated, and difficult to access for decades. Crabi is the first tech-native insurance company in over 25 years to receive regulatory approval in Mexico, paving the way for a new generation of digital insurers. Crabi tackles the gap head-on by offering real-time, mobile-first insurance experiences. Delivering instant policy issuance, automated claims support, and transparent pricing, making car insurance finally accessible to millions of drivers.

Over the past three years, Crabi has achieved 2x+ year-over-year growth, dramatically improved its loss ratio and operating efficiency, and scaled its run rate by more than 20x — all while maintaining a lean, technology-driven operation.

“At Crabi, we’ve proven that insurance can be scaled profitably when you put automation, AI, and customer experience at the heart of your operation,” said Daniel Bernardez, CEO and Co-Founder of Crabi. “Applying modern engineering and data science to legacy insurance processes unlocks massive gains in pricing, speed, and risk selection. But none of that matters unless you’re also building the right infrastructure, aligning technology with regulation from day one. This new capital allows us to double down on both fronts, expanding access to affordable coverage while building a smarter, more inclusive insurance system for Mexico,” added Bernardez.

Crabi has already built strong partnerships with car dealerships, vehicle financing platforms, leasing companies, and brokers. By deeply integrating into their workflows and leveraging customer data to drive smarter underwriting, Crabi reduces risk while improving operational speed, benefiting both partners and end customers.

“Crabi is the most disciplined and well-positioned insurtech we’ve seen in Latin America,” said Nicolás Berman, Partner at Kaszek Ventures. “Their combination of proprietary infrastructure, regulatory edge, and scalable distribution puts them in a league of their own. We believe Crabi will set the standard for what modern insurance looks like across the region.”

With this funding, Crabi plans to onboard more distribution partners into its growing network, invest further into AI-driven operations and underwriting solutions, and continue closing the protection gap for the millions of drivers who have historically been excluded from the formal insurance market.

About Crabi

Crabi is a full-stack digital car insurance company on a mission to make coverage more accessible, transparent, and affordable across Mexico. As the first licensed auto insurer in Mexico in over 25 years, Crabi combines proprietary underwriting models, AI-powered operations, and end-to-end infrastructure to deliver instant, mobile-first insurance experiences. By embedding directly into the workflows of brokers, dealerships, and lenders, Crabi is redefining how drivers in Mexico get insured, from quote to claim.

Learn more at www.crabi.com.

Media Contact:

Rick Medeiros

510-556-8517

[email protected]

SOURCE Crabi