First to Market, Mojave Moves Beyond Development and Commercialization to Expansion

SUNNYVALE, Calif., Dec. 18, 2024 — Mojave Energy Systems, founded to change the nature of air conditioning, today announced that it has raised $9.5 million in Series A funding. The Series A round was led by existing investors Fifth Wall and At One Ventures, with participation from returning investors Myriad Venture Partners, Starshot Capital, Alumni Ventures Group, and new investor Earth Venture Capital.

The new capital will be used to accelerate the adoption of Mojave’s groundbreaking Dedicated Outdoor Air System (DOAS) solution, ArctiDry, which sets new a new standard for energy efficiency, and began shipping earlier this year. The funding will support the company’s sales and marketing expansion, new ArctiDry product launches, electrochemical regeneration research, and the completion of its Department of Energy manufacturing scale-up efforts.  This latest round brings Mojave’s total funding to $25.6 million.

“We are grateful for the ongoing support of our investors as we transition into this next phase, focused on accelerated adoption, product line expansion, and new market development,” said Phil Farese, CEO, Mojave. “This latest round validates our market leadership and proven success in achieving unprecedented levels of energy efficiency with our liquid desiccant DOAS, while delivering the reliability, performance, and ease of operation that customers need.”

In the past year, Mojave signed 19 firms to its Sales Partner Network that are actively representing Mojave ArctiDry in their regions. Mojave will continue to expand coverage across the U.S. in 2025. The company launched the ArctiDry  in January 2024 and is manufacturing and shipping units from its Anderson, South Carolina facility to customer sites.

“Mojave’s ArctiDry is a no-brainer for buildings, allowing owner-operators to precisely meet the temperature and humidity requirements of their assets, while providing energy savings and thereby lowering emissions,” shared Anastasia Istratova, Principal at Fifth Wall. “We are thrilled to deepen our partnership with Phil and his market-leading team to drive forward advanced features and new technologies that will further revolutionize the industry.”

“Mojave has proven that its all-electric energy-saving liquid desiccant dehumidification cooling system is the greenest air conditioner on the market,” said Dilip Goswami, Venture Partner, At One Ventures. “We have great confidence in the Mojave team, and their ability to make a difference for the planet by reducing HVAC energy consumption.”

ArctiDry is a patented, easy-to-install, liquid desiccant HVAC system with an unparalleled ISMRE2 efficiency rating of up to 11 lbs/kWh that dramatically lowers electricity consumption by up to 50 percent. Its ability to efficiently dehumidify the air without overcooling makes it ideal for many commercial building applications such as healthcare, education, hospitality, manufacturing, and more.

“There is a critical need to dramatically reduce the climate impact of HVAC while delivering on enterprise demand for reliability and energy savings,” said Tim Chiang, Co-founder and Partner, Myriad Venture Partners. “Mojave is reshaping how we think about cooling commercial buildings by setting new benchmarks for energy efficiency in our built environments. We are proud to have been part of Mojave’s journey from the start and look forward to continuing to work with the team as they redefine what’s possible in the HVAC industry.”

In addition to accelerating the adoption of ArctiDry, Mojave is focused on developing the next generation of its advanced technology. This winter, Mojave will launch ArctiDry HP, making it the first company to integrate liquid desiccant with a reversible heat pump. Meeting new state regulatory requirements for energy efficiency, the integration will enable electricity savings and zero-carbon wintertime operation.

Additionally, Mojave has begun its phase two execution of its Department of Energy project to demonstrate the energy efficiency and reliability of ArctiDry in the field on a variety of building types and applications. This project includes additional field tests that build on Mojave’s previous field tests that began in 2022.

About Mojave Energy Systems
Mojave produces novel liquid desiccant systems designed to change the nature of air conditioning by dramatically increasing energy efficiency and reducing the climate impact of AC. Mojave’s patented technology cools and dehumidifies the air, enabling the independent control of dew point and dry bulb. By focusing on dehumidification, lowering energy consumption, reducing refrigerant use, and improving indoor air quality for commercial buildings, Mojave’s ArctiDry product is an ideal solution for Dedicated Outdoor Air Systems (DOAS). When compared to other alternatives on the market, ArctiDry offers a highly reliable, lowest-cost-of-ownership product that reduces energy use by 40 to 60%.

Mojave Media Contact:
Christy Kemp
[email protected]

SOURCE Mojave Energy Systems, Inc.

Market context takes back seat to success metrics while “window shopping” VCs look for proven skill set and traction

SAN FRANCISCO, Dec. 18, 2024 — DocSend, a secure document sharing platform and Dropbox (NASDAQ: DBX) company, released new data showing venture capital (VC) investors spent 40% more time on seed stage Team slides, and 30% more time on pre-seed Team slides in 2024 compared to the previous year. As interest in dealmaking has returned, investors are prioritizing proven progress such as traction, product and financials over market context and competition.

DocSend’s annual funding reports, The pre-seed round 2024: VCs reward people-forward approach to disruptive startups and The seed round 2024: The proof is in the pitch deck as investors “window shop”, reveal a significant shift in investor priorities. The reports analyze more than 400 pre-seed and seed fundraising startups to better understand what goes into an early-stage raise in today’s market.

Investors “window shop” for potential investments as their engagement with pitch decks reached record highs, but their interest isn’t translating into dollars. Global early-stage fundraising trended flat YoY.

People Behind the Pitch Deck

Data from both of DocSend’s early-stage reports reveals a common theme: investors are increasingly focused on the team behind a startup. Backgrounds and expertise are pivotal in building investor confidence in a disruptive time.

VCs are investing in new technology and looking for teams that will drive innovation. The most money raised went to teams with members in their 20s, and teams with two founders. Geographically, the West had a redemptive increase in startups, indicating a bounce back from the SVB collapse.

Mixed-gender teams received the most funding, an average of $770K for seed and $660K for pre-seed, demonstrating investors showed progress in recognizing the value diverse viewpoints bring to the table.

Investors have a growing interest in how startups can demonstrate expertise, success metrics, and a growth plan, rather than just demonstrating market fit. The pre-seed Market Size slide received 19% less investor attention and the seed Competition slide received 48% less investor attention, on average.

Pitching Process: Sped-Up Investor Decisions

Founders are also closing rounds quicker – fundraising time averaged 12 weeks for pre-seed rounds and the majority of successful seed companies closed rounds in 12 weeks or less. With investors cutting down the time they spend analyzing each deck, founders need to capture and keep VCs’ attention by being concise and impactful in their presentations.

Both sides of the funding process are focused on efficiency. However, pre-seed founders averaged fewer meetings set with investors and seed founders averaged more.

The full 2024 Dropbox DocSend Pre-seed and Seed reports can be found here.

About DocSend
DocSend enables companies to share business-critical documents with ease and get real-time actionable feedback. With DocSend’s security and control, startup founders, investors, executives, and business development professionals can build business partnerships that have a lasting impact. Over 34,000 customers of all sizes use DocSend today. Learn more at docsend.com.

About Dropbox
Dropbox is one place to keep life organized and keep work moving. With more than 700 million registered users across 180 countries, we’re on a mission to design a more enlightened way of working. Dropbox is headquartered in San Francisco, CA. For more information on our mission and products, visit dropbox.com.

Media Contact:
Carol Boyko
104 West for DocSend
[email protected]

SOURCE DocSend

SINGAPORE, Dec. 18, 2024 — Zoth, a real-world asset (RWA) ecosystem delivering institutional-grade, fixed-yield opportunities on-chain, has partnered with Singularity Finance to introduce Zoth Tokenized Liquid Notes Prime (ZTLN-P). Backed by U.S. Treasury ETFs and money market funds (MMFs) managed by reputable asset managers and securely custodied with Doo Group, ZTLN-P provides institutional investors with a secure and compliant solution to manage their treasury assets on-chain, delivering consistent and dependable returns.

A Strategic Partnership Driving Smarter On-Chain Treasury Solutions

Singularity Finance (SFI) joins Zoth in launching ZTLN-P, combining strategic treasury management expertise with an innovative tokenization framework. This partnership aims to bridge the gap between decentralized finance (DeFi) and traditional finance (TradFi), delivering a solution that improves institutional investors’ liquidity, safety, and compliance. Zoth’s expertise in go-to-market strategies and SFI’s focus on compliant tokenized financial products provide a streamlined pathway for institutional adoption.

ZTLN-P ensures low-risk yields without lock-in periods, enabling institutions to unlock consistent returns. Built on SFI’s tokenization framework, ZTLN-P adheres to global regulatory standards under the Cayman Islands Monetary Authority (CIMA) and the Mutual Funds Act (2021 Revision).

“ZTLN Prime exemplifies the shift towards integrating TradFi’s stability with DeFi‘s efficiency,” said Aly Madhavji, Managing Partner at Blockchain Founders Fund. “This collaboration provides institutional investors with a much-needed solution that balances security, compliance, and consistent returns.”

TradFi-Backed Security for On-Chain Treasury Management

ZTLN-P’s strength lies in its asset backing. By leveraging BlackRock-managed iShares Treasury ETFs and MMFs, the product delivers predictable, low-risk returns with unparalleled liquidity, addressing concerns around the volatility associated with DeFi.

Unlike speculative DeFi strategies, ZTLN-P emphasizes safety, transparency, and regulatory compliance, setting a new benchmark for institutional-grade DeFi solutions. Its focus on robust legal structures and secure custody provides institutional investors with confidence that their capital is deployed in strategies prioritizing capital preservation and steady yields.

Mario Casiraghi, Co-founder of SingularityDAO and Singularity Finance, commented,  “ZTLN Prime is a transformative step toward bridging the gap between traditional finance and decentralized finance. By combining Zoth’s expertise in tokenizing high-quality real-world assets, we’re delivering an institutional-grade product that embodies safety, liquidity, and transparency for the global web 3.0 ecosystem. This partnership sets a new standard for on-chain financial solutions, ensuring that institutional investors can confidently navigate the DeFi space while enjoying consistent, low-risk returns.”

Elevating Standards in DeFi

“ZTLN-P is an industry-driven product that aligns institutional-grade short-term investments such as Blackrock iShares Treasury Bond ETF with the efficiency and transparency of blockchain,” said Pritam Dutta, CEO of Zoth. “With Singularity Finance’s one-of-a-kind expertise, this partnership marks the beginning of a new era where DeFi is no longer a speculative market but a legitimate alternative to traditional finance.”

Cloris Chen, CEO of Singularity Finance added, “One of the core pillars of Singularity Finance is to build an ecosystem that serves as a home for RWA projects, enabled through the SFI tokenization framework. This partnership with Zoth represents an important milestone for SFI, and the launch of ZLTN Prime unlocks a new & innovative way for the global web3.0 ecosystem to manage and grow its treasury, unlocking new opportunities in the DeFi ecosystem while maintaining the highest standards of compliance and trust.”

About Zoth

Zoth is a retail-focused RWA ecosystem connecting traditional finance and blockchain through institutional-grade fixed-income offerings. The ZothFi marketplace provides seamless access to alternative assets for accredited investors, fostering a globally inclusive financial system.

Learn more at: www.zoth.io

About Singularity Finance

Singularity Finance is the first AI-centric EVM-compatible L2 blockchain, tokenizing and monetizing the AI value chain. As part of the SingularityNET ecosystem, it is a fully compliant RWA tokenization platform for AI and real-world assets, aiming to become the financial backbone for AI-driven economies.

Learn more at: www.singularityfinance.ai

For more information, please contact:
Mansoor Madhavji
Email: [email protected]
Phone: +65 8791 9291

SOURCE Zoth

The grant represents Catalyst’s first-ever support of both a Canadian and Direct Air Capture (DAC) project

MONTRÉAL, Dec. 18, 2024 — Deep Sky, the Quebec-based carbon removal project developer, today announced that it has secured a USD $40 million grant commitment from Breakthrough Energy Catalyst (“Catalyst”). The funds, subject to the satisfaction of funding conditions, will be allocated to the construction of Deep Sky Alpha (formerly Deep Sky Labs) and its associated research and testing of direct air capture (“DAC”) technologies. Deep Sky Alpha will deploy multiple innovative DAC technologies to test and identify the most promising technologies, as part of Deep Sky’s aggressive initiative to lower the cost of large-scale commercial carbon removal. This marks Catalyst’s first-ever investment in both a Canadian and Direct Air Capture (DAC) project.

The Catalyst program funds large demonstration projects and invests in first-of-a-kind commercial projects that use emerging climate technologies. It prioritizes projects with high-impact and scalable climate tech that need additional capital to reach commercial scale. Alpha is Deep Sky’s first facility and is scheduled to be operational and delivering carbon removal credits by Spring 2025.

With this grant commitment, Catalyst is supporting Deep Sky’s efforts to build large-scale carbon removal and storage infrastructure in Canada. As a project developer, Deep Sky is working to bring together the most promising direct air and ocean capture technologies to accelerate delivery of high-quality carbon removal credits to the market. Powered by renewable energy, Deep Sky’s facilities are strategically located in Canada, a region with all of the natural resources to become a world leader in carbon removal. Hydroelectric power, wind power potential, and a rich geological makeup make it an ideal place for engineered carbon removal and storage.

“Securing support from Breakthrough Energy Catalyst marks another milestone for our company and for the DAC industry,” said Damien Steel, Deep Sky CEO. “The financial backing from Breakthrough Energy Catalyst will play a crucial role in helping Deep Sky realize its ambitious goals. However, the partnership with Breakthrough Energy Catalyst and their expertise into what it takes to build projects at scale has already been transformative to Deep Sky.”

“We’re proud to support Deep Sky Alpha because it offers a unique opportunity to demonstrate several direct air capture technologies and gain a deeper understanding of their potential to lower costs and scale – all while delivering permanent carbon removal,” said Mario Fernandez, Head of Breakthrough Energy Catalyst. “The world will ultimately need many approaches to carbon removal at prices far lower than is achievable today, but Deep Sky’s platform will enable and accelerate the kind of real-world innovation that could make affordable DAC achievable.”

Together, Deep Sky and Catalyst are committed to developing and deploying cutting-edge carbon dioxide removal (CDR) technologies. High-quality CDR is essential for achieving net-zero emissions goals and mitigating the impacts of climate change.

“In 2025, Deep Sky will deliver on our promise to rapidly scale carbon removals, and we remain unapologetically ambitious as we look to the future,” Steel added.

About Breakthrough Energy
Breakthrough Energy is committed to accelerating the world’s journey to a clean energy future. The organization funds breakthrough technologies, advocates for climate-smart policies, and mobilizes partners around the world to take effective action, accelerating progress at every stage.

Breakthrough Energy Catalyst is a novel platform that funds and invests in first-of-a-kind commercial projects for emerging climate technologies. By supporting these opportunities, Catalyst seeks to accelerate the adoption of these technologies worldwide and reduce their costs.

Catalyst currently focuses on five technology areas: clean hydrogen, sustainable aviation fuel, direct air capture, long-duration energy storage, and manufacturing decarbonization. In addition to capital, Catalyst leverages the team’s energy-infrastructure-investing and project-development expertise to work with innovators on advancing their projects from the development stage to funding and ultimately, to construction. Learn more about Breakthrough Energy and Catalyst at breakthroughenergy.org.

About Deep Sky
Montreal-based Deep Sky is the world’s first tech-agnostic carbon removal project developer aiming to remove gigatons of carbon from the atmosphere and permanently store it underground. As a project developer, Deep Sky brings together the most promising direct air and ocean carbon capture companies under one roof to bring the largest supply of high quality carbon credits to the market, commercializing and catalyzing carbon removal and storage solutions like never before. With $130M in funding, Deep Sky is backed by world class investors including Investissement Québec, Brightspark Ventures, Whitecap Venture Partners, OMERS Ventures, BDC Climate Fund, Breakthrough Energy Catalyst, BMO, National Bank of Canada, and more. For more information, visit deepskyclimate.com.

SOURCE Deep Sky

The funding round extension included participation from funds managed by Solidium Oy, BlackRock, Seraphim, Plio Limited, and Christo Georgiev.

HELSINKI, Dec. 18, 2024 — ICEYE, the global leader in synthetic aperture radar (SAR) satellite operations for high-fidelity Earth Observation, persistent monitoring, and natural catastrophe solutions, today announced that it has closed a $65M extension of the company’s earlier growth funding round of $93M, announced in April 2024.

The funding round extension included participation from funds managed by Solidium Oy, BlackRock, Seraphim, Plio Limited, and Christo Georgiev. The financing consists of a mix of debt and equity instruments and will increase investment in further developing ICEYE’s leading SAR satellite constellation, its intelligence, surveillance, and reconnaissance (ISR) platform, and related systems. The extension brings the total amount raised in 2024 to $158M. In total, ICEYE has raised over $500M to date.

ICEYE has achieved considerable growth during the past years and the investment announced today enables ICEYE to continue expanding its ISR capabilities to serve a global customer base while further cementing its market-leading position in the new space ecosystem.

Susan Repo, CFO at ICEYE, said, “ICEYE has experienced unwavering momentum over the past few years. This extension of our growth funding round further bolsters ICEYE’s investment in its capabilities and enables us to respond even better to the growing demand for space-based technology in the global defense and ISR markets.”

Reima Rytsölä, CEO at Solidium, said: “Extending the growth funding to support ICEYE growth is well in line with our investment strategy. Our view is that ICEYE continues to have strong potential to grow to a nationally significant company and foster a completely new technology cluster in Finland.”

Citigroup acted as the exclusive private placement agent to ICEYE.

About ICEYE

ICEYE delivers unparalleled persistent monitoring capabilities to detect and respond to changes in any location on Earth, faster and more accurately than ever before.

Owning the world’s largest synthetic aperture radar (SAR) satellite constellation, ICEYE provides objective, near real-time insights, ensuring that customers have unmatched access to actionable data, day or night, even in challenging environmental conditions. As a trusted partner to governments and commercial industries, ICEYE delivers intelligence in sectors such as insurance, natural catastrophe response and recovery, security, maritime monitoring, and finance, enabling decision-making that contributes to community resilience and sustainable development.

ICEYE operates internationally with offices in Finland, Poland, Spain, the UK, Australia, Japan, UAE, Greece, and the US. We have more than 700 employees, inspired by the shared vision of improving life on Earth by becoming the global source of truth in Earth Observation.

MEDIA CONTACT: [email protected]

Photo – https://mma.prnewswire.com/media/2583267/ICEYE_closes_extension_to_existing_growth_funding_round.jpg

MUMBAI, India, Dec. 18, 2024 — 3Gen Consulting, a leading provider of healthcare consulting and revenue cycle management (RCM) services, announced that it will receive a strategic investment of up to USD 22 million (INR 185 crores) from Piramal Alternatives, the alternative investment platform of the Piramal Group. This partnership is set to accelerate 3Gen Consulting’s growth and bolster its leadership in the healthcare industry.

3Gen Consulting offers a comprehensive suite of healthcare consulting services, including medical coding, billing, accounts receivable management, risk adjustment reviews, payer contract negotiations and physician education services across specialties.  With this funding, 3Gen Consulting plans to expand its operations, enhance its technological capabilities, and enter new markets to meet the increasing demand for innovative healthcare solutions.

This investment will enable 3Gen consulting to deliver cutting-edge solutions that improve healthcare revenue cycle efficiency and enhance patient care outcomes. The company remains committed to setting new benchmarks in healthcare consulting by delivering high-impact, customer-centric results.

“We are thrilled to partner with Piramal Alternatives, a leader in the alternative investment space,” said Hemant Apte, Founder and Chief Executive Officer of 3Gen Consulting. “Given Piramal Group’s global experience in Healthcare & Pharmaceuticals, this collaboration will represent a significant step forward in our shared commitment to diversify and grow our healthcare enterprise solutions business. Together, we’re poised to deliver innovative solutions that create meaningful impact and drive success for our customers and communities.”

Kalpesh Kikani, Chief Executive Officer at Piramal Alternatives, commented, “We are pleased to partner with 3Gen Consulting in the rapidly expanding field of healthcare technology and consulting solutions. The continuous increase in global healthcare expenditures will drive the demand for RCM and related services. Our investment will enable 3Gen Consulting to further strength its position in the RCM space.”

With the strategic backing of Piramal Alternatives, 3Gen Consulting is set to redefine the healthcare consulting industry by offering innovative solutions that drive improved healthcare delivery and financial performance.

About 3Gen Consulting
3Gen Consulting is a premier healthcare consulting firm specializing in revenue cycle management services, strategic consulting, and operational optimization for healthcare providers. The company offers end-to-end solutions to improve financial performance, operational efficiencies, and patient care outcomes. By leveraging advanced technology and deep industry expertise, 3Gen Consulting empowers healthcare organizations globally to meet the evolving challenges of the healthcare landscape. For more information, visit https://www.3genconsulting.com/.

About Piramal Alternatives
Piramal Alternatives is the alternative investment platform of Piramal Group, one of India’s leading global conglomerates. The platform focuses on making long-term investments in high-growth companies across sectors such as healthcare, real estate, and financial services. Piramal Alternatives partners with businesses that have significant growth potential and provides them with the strategic resources needed to scale and create lasting value. With a proven track record of successful investments, Piramal Alternatives is dedicated to fostering innovation and building resilient businesses across industries. For more information, visit www.piramal.com.

SOURCE 3Gen Consulting

FORT LAUDERDALE, Fla., Dec. 18, 2024 — CloneOps.ai, a pioneering AI technology company revolutionizing phone operation systems, announced closing their seed round investment with an initial group of 10 customers in beta testing who expect to go live early 2025.

The investment will accelerate the development and deployment of CloneOps.ai’s unique AI-powered communication platform, which has some of the most successful industry leaders as advisors.

Led by CEO David Bell and CFO David Vingiano, CloneOps.ai has developed proprietary AI technology that seamlessly integrates with existing logistics software infrastructure.

The CloneOps.ai platform enables companies to automate routine communications while redirecting human talent to high-value activities that require critical thinking and strategic decision making.

“Today, customer expectations are higher than ever, and CloneOps.ai offers a path to meet and exceed those expectations, building stronger, more lasting relationships with every interaction. I’m happy that my peers see the value in this and trust me to deliver on the great promise of AI-powered logistics communications,” said David Bell, CEO and Co-Founder of CloneOps.ai

Currently, businesses struggle with phone systems productivity due to the inefficiencies, high labor demands, unavoidable human error, and customer dissatisfaction. The CloneOps.ai solution addresses these pain points through AI-powered virtual agents that can handle thousands of simultaneous calls while maintaining superior service standards. This technology will also facilitate a company’s ability to audit thousands of conversations in real-time.

The team at CloneOps.ai impressed both customers and investors with their deep, experience-based knowledge of phone operations in freight brokerage and logistics. CloneOps.ai offers advanced solutions designed to enhance efficiency, streamline workflows, and boost productivity across operations. While logistics remains the Company’s core focus, its solutions also work effectively in other industries, including medical, insurance, and debt collection.

CloneOps.ai increases these companies’ capacity to channel their energies in overcoming the challenges that prevent growth and scalability.

“This is a solution whose time has truly come. David has attracted an incredibly seasoned team with decades of industry experience who understand the pain points of scaling a business dependent on labor intensive phone operations. This is built for brokerage experts, by brokerage experts.” —Kevin Nolan, Founder at Sope Creek Capital

About CloneOps.ai
CloneOps.ai provides AI-powered communication solutions for phone operations and the logistics industry. The Company’s technology platform enables massive scalability and enhanced efficiency through automated call handling, real-time intervention capabilities, and advanced analytics for data-driven decision-making. For more information, visit CloneOps.ai.

Contact information:
CloneOps.ai, LLC
David Bell
Email: [email protected]
Website: cloneops.ai

SOURCE CloneOps.ai

Growth in specialty programs, preservation of historic Alfred I. duPont Institute building underscore Nemours Children’s continued commitment to Delaware andthe health of its children

WILMINGTON, Del., Dec. 17, 2024 — Nemours Children’s Health announced several significant investments today, including plans for a groundbreaking Maternal and Fetal Health Program, expansion of its neonatology, cancer and cardiology programs, and the revitalization of the historic Institute building on the Alfred I. duPont Campus in Wilmington. Investments in these projects will total $130 million in 2025—the largest one-year capital investment in Delaware in Nemours history.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/nemours/9308251-en-nemours-childrens-makes-historic-investment-in-delaware

“We are proud to announce our next phase of growth as the largest provider of children’s health in Delaware,” said R. Lawrence Moss, MD, FACS, FAAP, President and CEO of Nemours Children’s Health. “Every dollar earned by Nemours is invested back into our mission. These capital investments build on Alfred I. duPont’s legacy of stewardship, and our strong financial position helps further Nemours Children’s vision to create the healthiest generations of children in Delaware and beyond.”

“Nemours has deep roots in Delaware and an enduring commitment to its children and families,” said Mark R. Marcantano, JD, President, Nemours Children’s Health, Delaware Valley. “We will continue working with our partners in state and local government, school districts, academic institutions, and community organizations to go well beyond medicine for Delaware’s kids.”

New Maternal and Fetal Health Program

Nemours will expand its Advanced Delivery Program at Nemours Children’s Hospital, Delaware into a nationally leading, state-of-the-art Maternal and Fetal Health Program.

“As maternal-fetal care advances, Nemours sees transformational potential to elevate the health of children and families in Delaware through improved diagnostics and cutting-edge maternal-fetal therapies,” said Kate Deans, MD, MHSc, Surgeon-in-Chief, Nemours Children’s Health, Delaware Valley.

Nemours plans to expand the Advanced Delivery Program at Nemours Children’s Hospital, Delaware to include four new labor and delivery birthing suites, eight new antepartum and postpartum rooms and three operating rooms that can be used for both fetal and maternal care.

Dr. Deans added, “It is critical that we provide these services to Delawareans who would otherwise need to leave our state to receive this level of care. This places unnecessary burden on families to travel away from their other children and their support networks. We aim to provide the highest level of quaternary care to these families right here in Delaware.”

Nemours commitment to a more comprehensive maternal-fetal health strategy has attracted distinguished specialists to expand its in utero diagnostic and surgical interventions. Three highly accomplished maternal-fetal medicine specialists will be joining the Nemours team over the next 15 months: Eric P. Bergh, MD, Julie Moldenhauer, MD, FACOG, FACMG, and Christina Paidas Teefey, MD, PMH-C.

Dr. Bergh will collaborate closely with the Advanced Delivery Program and Delaware executive team to expand Nemours existing care portfolio. Dr. Moldenhauer and Dr. Paidas Teefey will work with the Florida maternal-fetal medicine teams to offer highly specialized care in Florida.

“We are laying the foundation here in Delaware to become the nation’s first multi-hospital, multistate children’s health system providing fetal diagnosis and therapy—and, ultimately, one of the country’s largest fetal medicine programs,” said Dr. Deans.

Growth in Neonatology, Cancer and Cardiology programs

In Neonatology, Delaware’s only Level IV Neonatal Intensive Care Unit (NICU) will be expanding in 2025, adding 14 new inpatient rooms. With this expansion, the NICU will house 45 beds as a contiguous unit.

With the support of a generous donation by the Lisa Dean Moseley Foundation, Nemours plans to open the Lisa Dean Moseley Foundation Institute for Cancer and Blood Disorders in early 2025. Spanning 24,000 square feet, the first phase of the Moseley Foundation Institute will feature 24 inpatient beds reflecting a family-centered state-of-the-art design that overlooks the beautiful gardens of the Nemours Estate to promote healing and recovery. With further investment from Nemours with support by the Moseley Foundation, the Moseley Foundation Institute will also feature a 19,000-square-foot outpatient Day Hospital and Infusion Center—more than quadrupling its current size. In addition to providing a patient-centered care experience, the outpatient area is designed to foster clinical trial participation to advance the treatment of children with cancer, sickle cell disease and other blood disorders.

Nemours has also named two distinguished new leaders to advance its Cardiology practice: Aaron W. Eckhauser, MD, MS, will become chair of Cardiovascular Medicine, chief of Cardiothoracic Surgery and executive director of the Nemours Children’s Cardiac Center in the Delaware Valley, and Mark Twite, MA, MB, BChir, FRCP, will be chief of Cardiac Anesthesia and co-director of the Nemours Cardiac Center.

Revitalization of historic duPont Institute building

Nemours will continue to revitalize the original Alfred I. duPont Institute on its Wilmington campus as a state-of-the-art administrative office building, while paying homage to its origin as the founding A.I. duPont Institute.

The Institute opened in 1940 as a children’s orthopedic hospital and was the original health care structure funded by the Nemours Foundation. In 1984, the first major hospital expansion on the Nemours Children’s Hospital, Delaware campus was complete. The 450,000-square-foot expansion of Nemours/Alfred I. duPont Hospital opened in 2014.

The renovations to the Alfred I. duPont Institute will preserve the building’s core architectural elements and maintain a direct connection to clinic spaces in the duPont Pavilion. To be completed mid-2026, the project includes an expanded, state-of-the-art Simulation Center to provide hands-on, interactive pediatric simulation experiences in a safe, realistic environment. This collaborative teaching and education enhance technical skills for care providers across the organization, improving the quality of care and leading to better outcomes.

“In the 80-plus years since our founding, Nemours has grown to become one of the nation’s most respected multistate children’s health systems,” said Marcantano. “Our commitment to Delaware’s families has only grown over the years, and that deep connection and partnership continues to advance the health of children in the First State.”

About Nemours Children’s Health
Nemours Children’s Health is one of the nation’s largest multistate pediatric health systems, which includes two free-standing children’s hospitals and a network of more than 70 primary and specialty care practices. Nemours Children’s seeks to transform the health of children by adopting a holistic health model that utilizes innovative, safe, and high-quality care, while also addressing children’s needs well beyond medicine. In producing the highly acclaimed, award-winning pediatric medicine podcast Well Beyond Medicine, Nemours underscores that commitment by featuring the people, programs and partnerships addressing whole child health. Nemours Children’s also powers the world’s most-visited website for information on the health of children and teens, Nemours KidsHealth.org.

The Nemours Foundation, established through the legacy and philanthropy of Alfred I. duPont, provides pediatric clinical care, research, education, advocacy, and prevention programs to the children, families and communities it serves. For more information, visit Nemours.org.

SOURCE Nemours Children’s Health

The funding round was led by Morpheus Ventures with participation from Struck Capital, and Irregular Expressions. The investment will accelerate development of Salt’s proprietary AI orchestration platform and expand its market presence.

“We’re pleased to back the Salt AI team. Aber Whitcomb’s impressive track record of success in launching and scaling businesses, paired with the immense market opportunity makes this an exciting investment for us,” said Kristian Blaszczynski, Partner at Morpheus. “Very soon, AI will power almost every industry and Salt will be the engine on which enterprises execute.”

Salt offers a unified AI collaboration environment where organizations can securely connect their firewalled data to build AI automations, agentic workflows and bespoke AI solutions. With a visual drag and drop interface, and full-code capabilities, every member of an organization can collaborate in real time to build powerful AI on the Salt platform. Teams can deploy in one click to Salt’s cloud infrastructure that autoscales to meet the real-time needs of any use case.

“We’re at an inflection point where AI can transform how companies operate, but only if we make it truly accessible and actionable,” said Aber Whitcomb, CEO of Salt AI. “Salt’s platform enables teams to create powerful AI agents and workflows that automate complex tasks and drive real business impact. I’m excited to lead Salt as we help organizations build and scale their AI capabilities.”

Salt integrates with all major closed-source and open-source LLMs and supports diffusion models for generative art. Users can connect to 30+ enterprise data sources for both reading and writing, with new connections being released weekly.

To learn more about Salt AI’s platform and start building AI workflows today, visit www.salt.ai and register for their free trial.

About Salt AI
Founded in 2023 by Aber Whitcomb and Jim Benedetto, Salt’s mission is to empower every organization to harness AI to work smarter and gain competitive advantage. The platform features a visual-first interface for non-technical collaborators, and full-code capabilities for technical builders. Users can connect to all major closed and open-source LLMs and diffusion models, and integrate with 30+ enterprise data sources. Salt is the leading unified AI collaboration environment that enables organizations to build, deploy, and scale AI solutions.

About Morpheus Ventures
Founded in 2016, Morpheus Ventures is one of the largest early-stage investors based in Los Angeles, and is investing in the disruption of large markets across the technology landscape from consumer to enterprise technologies including data analytics, machine learning, robotics, transportation, and SaaS. The firm is headquartered in Los Angeles and backs great entrepreneurs worldwide.

SOURCE Salt AI