Andela, named by TIME and Statista to the top 1% of U.S. WorkTech companies, is investing in top talent and tools to help companies build an AI-native workforce

NEW YORK, July 15, 2026 — Andela, the AI-native data and services platform with the world’s largest private marketplace for technical talent, has been named by TIME and Statista as one of America’s Top WorkTech Companies for 2026. The recognition comes as the company expands its ranks and builds new infrastructure to assess, benchmark, develop, and deploy talent at scale.

Andela’s recognition by TIME lands at a turning point for enterprise AI. As models and compute become widely available, the challenge becomes finding talent who can use the tools to boost productivity, especially since AI skills have become the hardest for employers to find with worldwide demand outpacing supply.

Andela’s technology measures what technologists can do against what a role needs, then closes the gap with training. Organizations can use Andela to hire AI-ready talent, deliver work through fully managed teams, assess and upskill their own workforce, or a combination of the three. Its network already spans more than 150,000 senior technologists across 135 countries.

“AI is changing what enterprises need from their workforce faster than traditional talent models can keep up. Our focus is helping companies continuously assess, develop, and deploy AI-fluent technologists so they can adapt as the technology evolves,” said Carrol Chang, Andela CEO. “This recognition from TIME reflects the work our team has been building toward for years and our commitment to helping enterprises prepare for what’s next.”

Many enterprises have a long way to go. Hiring still runs on resumes and interviews, which reveal little about how someone performs actual work. Andela measures that directly. Through its assessment engine, engineers work through realistic job scenarios and are scored against what a given role and level require. Andela uses the results to close skill gaps with training and to match technologists with roles that fit. The assessments repeat as the work changes, so the data is always current.

While many tech companies are reducing staff, Andela doubled its go-to-market team in the past six months and recently expanded its leadership team with several key hires:

• Cory Hymel, Head of Research, focused on human-computer interactions and the impact of AI on software developers’ skill set maturation and measuring.
• Vincent D’Agostino, Head of Partnerships, focused on building a partner ecosystem to power the Andela platform and train tens of thousands of technologists worldwide on leading technologies.
• Kerry Penny, Vice President, Marketing, focused on sharing Andela’s customer success story and mission-driven message with the world.

Jerry Robinson Vice President, Head of Enterprise Business is being joined by regionally-focused leaders to better address regional needs:

• Kate Woska, Vice President, Africa/Middle East & Impact Partnerships, focused on Andela’s strong global presence and mission to connect brilliance, wherever it lives, to opportunity, wherever it exists. 
• Stuart Clarke Vice President of Sales for Europe, serving a growing roster of European customers.
• Brittany Johansen, Head of U.S. Sales to meet rising demand in US-based enterprises.

TIME and Statista’s ranking is built on two pillars: financial strength and industry impact. Each company received a score in both dimensions, which were combined into an overall score. Andela earned its place in the top 1% of the roughly 5,000 companies considered.

About Andela
Andela is an AI-native data and services company, powering AI transformation for global enterprises. By combining continuous assessment and always-on upskilling, Andela helps enterprises hire and deploy AI engineers at scale, build AI solutions, and upskill teams on emerging technologies. Andela’s diverse talent ecosystem spans over 135 countries and is highly skilled in advanced technologies to support Application Development, Artificial Intelligence, Cloud & DevOps, Data Engineering, and more. The world’s best brands trust Andela, including GitHub, Mastercard, and Mindshare.

Media Contact:
[email protected]

SOURCE Andela

Company Repositions as an AI-First Clinical Enablement Platform, Bringing FDA-Cleared AI-Powered Insights into Virtual Primary Care to Support Cardiopulmonary and Oncology Care

NEW YORK, July 15, 2026 — TytoCare, pioneer of remote physical examination technology featuring FDA-cleared medical devices, today announced two major developments: the appointment of Adam Pellegrini as Chief Executive Officer, and the closing of a $25 million-plus growth round led by Insight Partners along with HOOP, OliveTree, OrbiMed, Qumra Capital, Qualcomm Ventures and others. The company is expanding its platform to deliver clinical grade remote care for patients with chronic and complex disease, positioning TytoCare to redefine how virtual primary care is delivered across high-acuity chronic disease populations.

Pellegrini brings more than two decades of experience at the intersection of digital health, consumer health technology, and large-scale clinical programs. His appointment comes as TytoCare moves to embed its remote examination platform and FDA-cleared AI-powered SaMD (software as a medical device) algorithms directly into integrated care pathways for remote cardiopulmonary monitoring, oncology support, and complex chronic disease management, disease areas where the gap between in-person clinical rigor and virtual care delivery has remained wide.

TytoCare’s platform combines a handheld examination platform featuring FDA-cleared medical devices — capable of capturing clinical-grade heart, lung, ear, skin, throat, and abdomen data — with a suite of FDA-cleared AI-powered SaMD algorithms that enable clinicians to conduct comprehensive remote physical exams with diagnostic confidence previously achievable only in person. The company’s expanded clinical enablement strategy is set to deepen integrations with leading health systems, payers, and employer health programs, with particular focus on congestive heart failure (CHF), COPD, post-surgical recovery, and oncology treatment monitoring.

“The convergence of a clinically validated exam device, AI-powered diagnostic algorithms, and the urgent demand from health systems for real clinical intelligence at the point of virtual care is an extraordinary and rare combination,” said Adam Pellegrini, Chief Executive Officer. “TytoCare has built the foundational infrastructure for the next generation of intelligent remote care, and I could not be more energized to lead this next chapter.”

The oversubscribed financing round, led by Insight Partners with participation from existing strategic investors, reflects institutional conviction in TytoCare’s market position and the accelerating commercial demand for AI-enabled remote diagnostics. Proceeds will fund expansion of the company’s AI clinical algorithms pipeline, deepening of payer and health system partnerships, and acceleration of go-to-market efforts targeting chronic and serious disease populations — including cardiometabolic patients, those undergoing cancer treatment, and post-acute care transitions.

“Health systems have wanted to extend real clinical care into the home for years. The barrier has long been diagnostic fidelity,” said Jeff Horing, Managing Director at Insight Partners. “TytoCare takes a new approach: an FDA-cleared exam device paired with AI algorithms that keep improving as the evidence base grows. That combination is genuinely hard to replicate, and it becomes more defensible over time, not less. We believe Adam is the right operator to take this into health systems at scale, and this is the right moment to do it.”

Under Pellegrini’s leadership, TytoCare will pursue a clinical enablement model that embeds its AI-assisted examination capabilities into the care workflows of health systems, specialty programs, and payer-sponsored chronic disease management platforms. By integrating virtual primary care infrastructure with AI-powered cardiopulmonary screening and oncology supportive care, TytoCare aims to close the clinical fidelity gap that has limited the impact of telehealth in complex patient populations. Along with Pellegrini, TytoCare has also announced the appointment of Greg Orr, former Vice President Digital Health of Walgreens and COO of Jasper Health, as Chief Operating Officer.

TytoCare’s SaMD AI algorithms, with the company’s remote physical examination technology featuring FDA-cleared medical devices, provide clinicians with clinical data and decision-support outputs across multiple examination modalities including lung auscultation analysis to support evaluation o f patients with cardiopulmonary conditions, cardiac screening signals, and dermatological assessment. These capabilities position TytoCare as an end-to-end clinical enablement partner for health systems seeking to extend specialist-grade diagnostic rigor into the home.

ABOUT TYTOCARE

TytoCare is an AI-first clinical enablement company and the developer of the world’s leading remote physical examination technology featuring FDA-cleared medical devices. Combining a clinician-grade handheld diagnostic device with FDA-cleared AI-powered SaMD algorithms, TytoCare enables health systems, payers, and care programs to deliver comprehensive, clinical-grade remote care across primary care, cardiopulmonary, and oncology care pathways. In their most recent round lead by Insight Partners also included West Fountain Global Fund, Echo Health Ventures, MTIP Health and Memorial Care. Headquartered in New York and Netanya, Israel, TytoCare partners with leading health systems, insurers, and employer health programs globally.

ABOUT INSIGHT PARTNERS

Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2025, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 900 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has a global presence with leadership in London, Tel Aviv, and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.

www.tytocare.com

SOURCE TytoCare

Company offers business owners a long-term alternative to traditional private equity through permanent ownership, operational improvement and a Bitcoin treasury.

WESTPORT, Conn., July 15, 2026 — ORANGE JUICE (www.orangejuice.com) today announced it had raised $40 million to launch a company that will acquire, improve and permanently own American businesses. The company combines long-term ownership, operational improvement and a Bitcoin treasury.

“Building a business takes decades. Founders deserve more than one path when it’s time to transition ownership,” said founding partner Nico Lechuga. “We believe permanent capital offers an important alternative to traditional private equity.”

Over the coming decades, a significant wave of business successions will take place. Unlike traditional private equity, ORANGE JUICE is not constrained by fund cycles or the pressure to resell, allowing it to focus on the long-term health of its businesses.

ORANGE JUICE intends to pursue a public listing in the future to provide a liquid ownership currency and access to capital markets.

ORANGE JUICE was founded by partners from ego death capital, a leading Bitcoin venture capital firm, including Jeff Booth, Lyn Alden, Nico Lechuga, and Andi Pitt, along with Adrian Steckel, plus Ruben Zweiban as operating partner. Ricardo Salinas, the Mexican founder and chairman of Grupo Salinas, is participating as anchor investor.

“I have built a diversified conglomerate serving millions of customers in Latin America and employing over 170,000 people. From this I have learned two things: cash flow is king, and you cannot count on governments to protect the value of your money,” said Ricardo Salinas. “ORANGE JUICE is built on both — cash flowing companies and a Bitcoin treasury. That is why I am backing this team.”

ORANGE JUICE will initially acquire stable, cash-flow-generating businesses with $1 million to $10 million in annual cash flow across a range of sectors.

Acquired businesses will maintain their identities. Founders may retire, continue leading their businesses or transition gradually over time. Sellers receive part of their consideration in ORANGE JUICE equity, enabling continued participation in the long-term upside.

Artificial intelligence is creating one of the largest productivity shifts in decades. ORANGE JUICE is assembling an in-house operating team to support operational improvements and help portfolio companies successfully navigate the AI transition.

Cash generated by the businesses will be reinvested into acquisitions or the Bitcoin treasury, with conservative use of leverage and capital markets.

Business owners, investors and prospective partners can learn more at orangejuice.com or contact 
[email protected].

Follow ORANGE JUICE on X: @orangejuice_btc.

About ORANGE JUICE: ORANGE JUICE HODLINGS Inc. (www.orangejuice.com) (“ORANGE JUICE”) acquires, improves, and permanently holds cash-flow-generating businesses, backed by a Bitcoin treasury. Founded in 2026, ORANGE JUICE is headquartered in Connecticut, USA.

Brand Architect and Creative Director: Lauren Cosenza (laurencosenza.com)

Legal Advisor: Latham & Watkins LLP (lw.com)

Media Inquiries: [email protected]

Forward-Looking Statements. This press release contains forward-looking statements, including statements regarding ORANGE JUICE’s business strategy, acquisition plans, capital raise, Bitcoin treasury strategy, use of artificial intelligence, expected growth, potential public listing, and use of leverage and capital markets. These statements are based on current expectations, estimates, assumptions and projections and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. ORANGE JUICE undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.

No Offer or Solicitation. This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Any securities offering, if made, will be made only pursuant to definitive offering documents and in accordance with applicable law.

SOURCE ORANGE JUICE

Unlike tools that wait to be prompted, Maverick runs inside a firm’s own environment, monitoring relationships and live deals to surface the outreach worth making today, with a human approving every external action.

NEW YORK, July 15, 2026 — Maywood today publicly launched Maverick, an agentic platform built for senior bankers, investors, and financial services professionals. Unlike research and drafting tools that a user opens and prompts, Maverick switches the script and prompts the user, operating proactively: it works inside a firm’s existing email, calendar, file storage, and CRM environment, monitors internal and external signals, and surfaces prioritized outreach, relationship context, and personalized ready-to-review drafts directly to the professional.

“The bankers and investors who win are the ones who reach out to the right person at the right moment, with all of the necessary context and more,” said Drake Goodman, CEO and co-founder of Maywood. “Most tools make that easier only after you remember to go looking. Maverick removes the step of remembering. It brings the outreach to you.”

Maverick’s core capabilities include:

• Continuous monitoring of a firm’s relationship network and deal book on both scheduled and triggered tracks, from a daily morning brief and inbox sweeps to real-time alerts on counterparty announcements, refinancing, lateral moves, and contact reactivations.
• Relationship intelligence that reconciles inbox recency, calendar history, and CRM context into a live network view, resurfacing dormant but valuable connections before they go cold.
• Deal momentum, moving live mandates forward by drafting replies, flagging next steps, and pushing process without waiting to be asked.
• Associate-level execution, handling the follow-ups, CRM updates, meeting prep, and reconciliation a trained teammate would, without the wait.

Maverick is available now. Firms interested in seeing Maverick run inside their own environment can request a demo at www.maywoodai.com/request-demo.

Maverick runs inside an environment the client controls, connects to existing systems through each user’s existing permissions, and keeps a human approval gate on any external-facing action. The platform is designed to support firms’ compliance with FINRA and SEC requirements and holds SOC 2 Type II certification.

About Maywood
Maywood is a leader in proactive AI for finance, spanning investment banking, commercial banking, lending, private credit, private equity, wealth management, auditing, and business development. Its agent Maverick is the first finance-compliant proactive AI that runs 24/7, purpose-built for managing directors and partners. Every senior professional carries hundreds of relationships and dozens of live deals, and today’s AI waits to be prompted, making the human the bottleneck. Maywood inverts that: it works in the background across your network and your deal book, surfacing moves, drafting replies, and pushing process forward. For more information, visit www.maywoodai.com and follow us on LinkedIn.

Media Contact
[email protected]

SOURCE Maywood

Unified Independent Sponsors and Secondaries business targets fragmented lower middle-market and LP-led opportunities

NEW YORK and GENEVA, July 15, 2026 — ACE & Company today announced the launch of ACE Private Equity, a dedicated business bringing together the firm’s Independent Sponsors and Secondaries strategies under a unified platform. Leveraging ACE & Company’s more than two decades of private market investing experience and over $2.0 billion in assets under management, ACE Private Equity focuses on areas of the market where access, specialization, and deep relationships are critical to success. By targeting fragmented and often overlooked segments across lower middle market buyouts and secondaries, the platform seeks to uncover differentiated opportunities and create long-term value for investors and partners.

“By bringing our capabilities together under one identity, we are strengthening our ability to provide specialist capital to underserved markets while continuing to source high-quality opportunities and drive long-term value creation for investors,” said Rob Callahan, Partner & Co-Head of Independent Sponsors.

ACE Independent Sponsors focuses on partnering with experienced independent sponsors to invest in lower middle-market companies across the United States and Western Europe. The strategy targets high-quality businesses with strong fundamentals and clear operational improvement opportunities, leveraging proprietary deal flow and a highly selective investment approach. The business recently achieved a significant milestone with the first close of ACE Independent Sponsors IV at $143 million, building on the success and performance of prior vintages. Operating in a fragmented and often underserved segment of the market, the strategy seeks to capitalize on attractive entry valuations, strong alignment with management teams, and hands-on value creation initiatives.

ACE Secondaries acquires LP interests in mature private capital funds through relatively small, complex, and often less intermediated secondary transactions. ACE focuses exclusively on LP-led opportunities and is often a buyer of choice for lower-balance secondary interests. The platform recently held the final close of ACE Secondary Investments VIII at $95 million, representing an approximately 80% increase over the previous vintage. The fund continues ACE’s established secondary strategy of targeting lower balance transactions that can provide liquidity in a timely and efficient fashion to sellers of all types.

The close comes amid a supportive market backdrop characterized by an unprecedented opportunity to acquire small-sized commitments to high-quality funds, driven by the massive growth in private wealth allocations to alternative investments. Large unrealized private equity NAV, a significant overhang of unsold LBO assets, extended holding periods, and a weaker exit environment continue to support robust secondary market supply.

“Secondary market supply has become structural, with DPI pressure emerging as the number one driver of transaction activity,” said Sherif El Halwagy, Partner and Head of Secondaries. “This dynamic is creating an attractive environment for investors with the scale, relationships, and underwriting discipline to capitalize on high-quality secondary opportunities.”

As private markets continue to evolve, ACE Private Equity remains focused on identifying opportunities where specialization, partnership, and disciplined execution can create lasting value for investors.

About ACE & Company

ACE & Company is a private equity and venture capital group with more than $2.0 billion in assets under management and over 20 years of investment experience. Headquartered in Geneva, with offices in Zurich, London, New York, and Cairo, the firm operates through three business lines: ACE Ventures, ACE Private Equity, and Investment Solutions. For more information, visit www.aceandcompany.com.

About ACE Private Equity

ACE Private Equity focuses on overlooked segments of private markets where complexity, opacity, and scale create durable investment opportunities. The platform pursues two strategies: Independent Sponsors, targeting lower middle-market buyouts across the United States and Western Europe, and Secondaries, focused on LP-led transactions within mature private equity portfolios. For more information, visit www.aceprivateequity.com.

Contact:
ACE & Company
Elia Innamorati
Investor Relations
[email protected]
+41.22.311.3333

SOURCE ACE & Company

TEL AVIV, Israel, July 15, 2026 — Stark Power Ltd. (TASE: STRK) (“Stark Power” or the “Company”), a US-focused energy infrastructure and data center development company, today announced an equity raise of up to approximately NIS 146 million (~$48 million), anchored by Migdal Insurance, one of Israel’s largest institutional investors, along with its current largest shareholders.

Upfront proceeds of approximately NIS 65 million (~$21m) reflect an effective price of NIS 10.50 per share, 40% above the price of the Company’s inaugural equity raise in April 2026. The balance comprises long-term options issued to the investors, exercisable at NIS 13 per share over a three-year term, representing potential additional proceeds of approximately NIS 80 million (~$27m).

Migdal anchored the round with a commitment of approximately NIS 40 million, becoming a significant shareholder in the Company. Additional participants include Mor Investment House, Harel Insurance and several others, all of which participated in the Company’s inaugural raise.

The proceeds will support Stark Power’s growth strategy, following the acquisition of Sagebrush Infrastructure Partners (“SAGE”). SAGE is advancing a portfolio of five hyperscale data center campuses in the U.S. Midwest, totalling approximately 5.6 GW, alongside co-located power generation. In line with the Company’s “Power First” strategy, the proceeds from this latest capital raise are expected to be used primarily to fund power generation assets complementary to its data center portfolio.

“The SAGE acquisition marked our entry into the heart of the U.S. data center market, and this raise, anchored by Migdal, reflects growing institutional conviction in our strategy. With a deep hyperscale development portfolio, a proven team, and strengthened capital base, we are positioned to accelerate development across our pipeline and create significant value in the coming years.”
— Michael Avidan, Chief Executive Officer of Stark Power

Completion of the offering is subject to approval by a general meeting of the Company’s shareholders and other customary closing conditions.

About Stark Power

Stark Power Ltd. (TASE: STRK) is a Tel Aviv-based energy infrastructure and data center development company focused on the U.S. market. Driven by its ‘Power First’ strategy, the Company pursues large-scale opportunities at the intersection of power generation and digital infrastructure, leveraging deep experience in power plant development, capital markets, and project execution.

Investor Relations
[email protected]

SOURCE Stark Power Ltd.

Raz, one of the pioneers of Israel’s Homeland Security (HLS) industry and a leading figure in defense investment and business development, will lead Iron Brain, a defense-tech company developing advanced artificial intelligence systems for intelligence, defense and homeland security applications

TEL AVIV, Israel, July 15, 2026 — Following several multimillion-dollar exits, Meron Raz (51), one of Israel’s most prominent and experienced defense-tech executives, has been appointed Chairman of the Board of Iron Brain, one of Israel’s most promising defense-tech startups, following his nomination by Cortica, a shareholder in the company.

Raz brings decades of experience in leading technology companies, investments, mergers and acquisitions, and international business development.

Raz currently serves as Chairman of Navigicom, which develops advanced navigation systems for civilian and military applications that operate without GPS; Chairman of Axon Pulse, which develops artificial intelligence systems for a wide range of defense applications and is a Board Member at chairman of Quantzilla, focused on quantum computing solutions for automation, healthcare and financial services. In 2022, Raz co-founded Aryo Ventures, an investment platform focused on technology transfer and industrial offset transactions worth hundreds of millions of dollars across the defense, energy, agriculture and medical sectors.

Throughout his career, Raz has held a series of senior positions in Israel’s defense and technology industries. He previously served as CEO of the publicly traded MER Group, led a significant exit in the travel technology sector, sold the optical communications company Civcom in a transaction valued at approximately $40 million, and served as executive Vice President of Mergers & Acquisitions (M&A) and Business Development at ELTA, Israel Aerospace Industries (IAI), where he played a key role in advancing strategic transactions and international partnerships.

Raz is currently completing a major industrial offset transaction in the United Arab Emirates valued at tens of millions of dollars. In recent years, he has worked extensively with the UAE, Morocco and other Arab countries, connecting innovative Israeli technologies with strategic national projects.

Raz is one of the most experienced investor executives to have shaped Israel’s Homeland Security industry. Over the years he has led and won major international projects, including the security systems tender for the Athens Olympic Games, airport security projects and numerous homeland security initiatives worldwide.

Commenting on his appointment, Meron Raz said: “I am excited to invest and join Iron Brain and lead the company through its impressive growth trajectory. Israel’s defense-tech industry is currently at an unprecedented peak, earning tremendous recognition worldwide and attracting exceptional interest from governments, armed forces and investors. It is a great privilege for me to have been part of the generation that helped build this industry from its earliest days, and now to help another innovative Israeli company become a significant player on the global stage.”

Photo – https://mma.prnewswire.com/media/3006175/Meron_Raz.jpg

SOURCE Aryo Ventures

Founded by serial entrepreneur Shai Morag and co-founder Tal Marom, Oak is building a unified platform to replace legacy identity architecture for the enterprise AI era, governing every identity from humans to AI agents

TEL AVIV, Israel and SAN FRANCISCO, July 15, 2026 — Oak emerged from stealth today with $60 million in seed funding to build the security industry’s Identity Operating System. The AI-native platform will replace the fragmented stack of legacy identity governance and security tools with a single, continuously updated control plane that governs every identity across an organization, whether human, machine, or AI agent. The round was co-led by Accel, Greylock Partners, and CRV, with participation from Hetz Ventures, AlphaDrive Ventures, and strategic angel investors. Oak’s solution is already generally available and deployed across enterprise customers. 

Identity is the gateway to the modern enterprise, determining who is let in and who is kept out, which makes it the primary attack vector in security. Yet, most companies still cannot say who has access to their systems at any given moment. The tools meant to govern identity were built for a slower world of human users and static environments, and the explosion of human, machine, and AI-agent identities has outpaced them. To shrink the sprawling identity attack surface, Gartner reports that by 2028, 70% of CISOs will adopt identity visibility and intelligence capabilities. Industry incumbents have tried to keep up by bolting AI onto outdated platforms, but Oak was built with AI-native architecture from the ground up by a team that has worked this problem from the inside for years.

CEO and co-founder Shai Morag is a serial cybersecurity entrepreneur with more than two decades in the field. Before Oak, he founded and sold three companies to industry leaders, including Integrity-Project, acquired by NVIDIA’s Mellanox in 2014, Secdo, acquired by Palo Alto Networks in 2018, and Ermetic, a cloud identity and security company acquired by Tenable in 2023, where he then served as CPO. At Oak, he is joined by co-founder and CPO Tal Marom, who led product teams at Tenable and Salesforce, alongside a team of identity and AI veterans. Oak is using the funds in part to expand that team of experts, hiring across the security and AI sectors as the company builds out the complete platform.

“The market has reached a breaking point, and I had the chance to bring together the people who understand identity, security, and AI best,” said Shai Morag, CEO and co-founder of Oak. “I’ve built several companies in this space, so I understand why identity has stayed broken for so long. The tools were never built to work as one, and adding more of them was never going to fix it. Oak is the platform the industry has needed for twenty years, and could never build until now.”

AI-native from its foundation, Oak connects to any system and builds new connectors in hours rather than the months legacy systems require, building its understanding of every identity from raw evidence instead of the static records traditional tools depend on. On top of this initial layer, Oak is building a single operating system that governs every identity across the enterprise, whether human, machine, or AI agent, throughout its entire lifecycle. 

“We spent months speaking with more than 100 CISOs and IAM leaders, and they all share the same problems of running too many disconnected tools, being unable to see how access is used, and no way to govern AI agents,” said Tal Marom, CPO and co-founder of Oak. “Just as CNAPP consolidated the fragmented cloud security stack, identity is now at that same inflection point, and Oak is designed to be the platform that brings it all together and turbocharges the security teams defending the enterprise.”

“Backing Shai a second time was one of the easiest decisions we’ve ever made,” said Andrei Brasoveanu, Partner at Accel. “He and his team have spent their careers solving the hardest problems in enterprise security, and identity is the biggest one left standing. Oak has the team, the timing, and the technology to take on the whole category, and we’ve committed at inception to help them do it.”

Oak will showcase its technology at Black Hat USA in August 2026 (Booth 4203). More information about Oak is available here.

About Oak

Oak is the AI-native Identity Operating System that rewires enterprise identity and access management. An AI connector framework reaches any application, whether on-prem, cloud, SaaS, or homegrown, then builds a live identity graph from raw evidence across every identity type, including the fast-growing population of non-human identities and AI agents. By mapping the access each identity holds against what it actually uses, Oak governs the full lifecycle of every identity with AI-built real-time risk decisions and root-cause remediation. Oak was founded by Shai Morag and Tal Marom and backed by a $60 million seed round from Greylock Partners, Accel, CRV, Hetz Ventures, and AlphaDrive Ventures.

Media Contact

Kate Schoenstadt
[email protected]
+972 54 777 6684

SOURCE Oak

Funding and 5X capacity expansion position Senra to scale software-driven wire harness production for aerospace and defense.

CYPRESS, Calif., July 15, 2026 — Senra Systems, a software-driven manufacturing company modernizing wire harness production, today announced it has raised $65 million in a Series B funding round and plans to accelerate its expansion with a third factory location. The round brings the company’s total funding raised to over $112 million and was co-led by Lowercarbon Capital and Interlagos, with participation from General Catalyst, Sequoia Capital, Andreessen Horowitz, Founders Fund, Dylan Field, CIV, 8VC, The Friedkin Group, Jaws Estates Capital, Sozo Ventures and Alumni Ventures.

“One of the biggest bottlenecks in aerospace and defense manufacturing today is the skyrocketing demand for wire harnesses,” said Jordan Black, co-founder and CEO of Senra Systems. “Wire harnesses are the nervous system behind every advanced platform, yet they’re still built on PDFs, spreadsheets and tribal knowledge. It’s a 100% manual assembly process. We started Senra to solve one of the most overlooked, but consequential bottlenecks in the aerospace and defense ecosystem. This funding will support that mission including the planned Factory 3.”

Senra manufactures complex wire harness systems used in aircraft, spacecraft, launch vehicles, satellites, defense systems and other advanced platforms. The company’s manufacturing model is powered by Amp, its proprietary software platform that integrates quoting, engineering, manufacturing, supply chain management and production workflows into a unified system. Unlike traditional wire harness manufacturing environments that rely heavily on fragmented manual processes, Senra’s integrated manufacturing approach enables faster onboarding, reduced production variability and accelerated delivery timelines.

Factory 2, Senra’s second factory newly opened in Cypress, expanded the company’s production footprint by 5X, giving aerospace and defense customers a second site for prototype-to-production programs. The facility adds approximately 80,000 square feet of manufacturing space and supports the company’s ability to grow from producing 1,000 harnesses on average every month to 10,000 by next year. Senra brought the facility online within months of signing the lease, underscoring the scalability of its manufacturing model.

“Wire harnesses sit behind everything that turns on, and they’re still built by hand. Senra automates production and trains the workforce to run it, which turns a chokepoint into capacity the country can build on,” said Caie Kelley, general partner at Lowercarbon Capital.

Senra’s growth comes as the defense industrial base faces surging demand for wire harnesses and an industry with a shrinking workforce and manual systems that cannot keep up. As geopolitical competition intensifies and defense production requirements grow, the industry’s limited capacity threatens program schedules, weapons system readiness and America’s ability to rapidly scale manufacturing during a crisis. To expand the workforce capable of highly skilled assembly, Senra pairs software-enabled workflows with a structured training platform that has technicians building harnesses in weeks rather than years.

“Senra is building a fully integrated design and manufacturing solution for a critical capability needed to accelerate production across aerospace, defense, energy and compute,” said Achal Upadhyaya, founder of Interlagos.

The company recently hired former SpaceX CIO Ken Venner who led the development of enterprise systems and manufacturing infrastructure that scaled SpaceX’s production and launch cadence. In his new role as Senra’s chief technology and product officer, Venner is responsible for overseeing the manufacturing platform and operational infrastructure to support Senra’s next stage of growth.

“Our goal is not simply to manufacture products faster,” Venner said. “We are building the infrastructure, systems and workforce needed to support the future of American manufacturing and the industrial base. My focus is on turning Senra’s process, technology and operational systems into a cohesive platform that drives the long-term scale and efficiency needed to do just that.”

About Senra Systems
Senra Systems is using software and automation to address a critical bottleneck in the U.S. aerospace and defense industrial base: wire harness manufacturing. Wire harnesses serve as the nervous system of aerospace and defense platforms, connecting the power, data, communications and mission-critical systems that enable operational success. Until now, wire harness production has been entirely manual, but through digitized manufacturing processes, advanced automation and workforce development, Senra delivers faster lead times, greater scalability and uncompromising quality. Senra’s innovative approach is expanding domestic production capacity, strengthening supply chain resilience and building the skilled workforce needed to support American defense readiness and the next generation of aerospace innovation.

Media Contact
[email protected]

SOURCE Senra Systems