PALO ALTO, Calif., Jan. 5, 2026 — Array Labs today announced a $20M Series A financing led by Catapult Ventures, with participation from Washington Harbour Partners, Kompas VC, and other new and existing investors, including Y Combinator, Maiora Capital, Animal Capital, Aera VC, Cultivation Capital, and Clearance Ventures. The round brings Array’s total funding to $35M since going through Y Combinator. The company previously raised a $5M seed in 2022 after completing YC, followed by a $10M round in 2024.

Array has built what it believes is the first radar architecture capable of being mass-manufactured using techniques borrowed from consumer electronics and telecommunications — an approach that has allowed the company to collapse traditional cost structures while dramatically increasing performance.

“The radar satellite industry today looks like space launch before SpaceX: dominated by legacy defense contractors building bespoke, expensive systems one at a time,” said Andrew Peterson, cofounder and CEO of Array Labs. “We’ve assembled a team from the most innovative technology companies in Silicon Valley to do something different: build radar that can be produced at scale, at commercial price points, without sacrificing capability.”

In 2025, Array Labs doubled the size of its team, completed the design of its satellite bus, formed two new product lines, and grew commercial bookings to nine digits in contracted revenue. The company has also been selected for roughly half a dozen government awards over the last 24 months, across the U.S. armed services, intelligence community, and key combatant commands.

Business evolution: From “sell you an image” to “sell you a radar”

Array started with an ambitious goal: to launch clusters of small satellites that cooperatively image to create a real-time 3D map of Earth. As it matured its core technology, Array realized that the radar instruments it had built were extremely attractive to customers on their own.

The company formally reoriented to meet that demand, evolving from a vertically integrated remote-sensing data provider into a radar-first platform business. Consequently, Array now operates three business lines:

• Radar payloads: Standalone instruments for satellite bus providers and defense primes seeking very high-power, low-cost radar systems that can be mass-produced and integrated with any satellite bus.
• Sovereign satellite systems: Fully integrated spacecraft and dedicated clusters for customers who want to own and operate their own assets for wide-area, high-resolution ISR, and identification of targets on land, at sea, in the air, or in space.
• Data products: 3D imagery and analytics from Array’s owned and operated satellite constellation, delivered to commercial and civil customers.

Each business line builds on Array’s core breakthrough: a family of radar instruments that deliver up to 100x the power of legacy systems at ~1% of the cost, packaged in form factors compatible with standard smallsats, scaled buses, and the larger platforms being designed for super-heavy launch vehicles like Starship and New Glenn.

Traction Across the Value Chain

Over the last two years, Array has been selected for several competitive U.S. government awards across the Air Force, Space Force, Navy, Army, U.S. Special Operations Command (SOCOM), and the Defense Advanced Research Projects Agency (DARPA) to advance the state of the art across high-power antenna architectures, high-bandwidth communications links, 3D reconstruction algorithms, and more.

On the commercial side, Array has signed multi-year capacity agreements for its first radar cluster with global leaders in mining, infrastructure, and embodied AI. These customers will use Array’s 3D data and downstream analytics to monitor high-value industrial sites, plan and protect critical infrastructure, and feed better ground-truth information into autonomous systems. These are long-term workloads that want persistent, reliable capacity, rather than one-off imagery.

Meanwhile, demand for turnkey radar payloads is rapidly accelerating. The company will have an update to share in the coming months on payload sales, production scale-up, and growth plans.

Why radar, why now  

Array has focused on perfecting the fusion of consumer electronics, communications technology, and advanced signal processing into radar systems that cost 10x less than traditional alternatives, while being capable of delivering 100x as much power. The company has built radar that is powerful enough for global detection and tracking missions like Golden Dome, packaged in a way that partners can quickly integrate and field new capabilities. These systems are further improved by Array’s advanced AI-driven software, which transforms raw radar readings into actionable 3D intelligence rather than folders of static imagery.

With this Series A financing, Array will scale its engineering, product, and go-to-market teams; expand production capacity and meet growing demand for its radar panels; complete flight qualification; and ultimately, launch the world’s first formation-flying radar satellite cluster.

About Array Labs

Array Labs is building the next generation of space-based radar systems. Based in Silicon Valley and backed by Y Combinator, Catapult Ventures, and Washington Harbour Partners, the company is preparing to launch the world’s first formation-flying radar constellation. For more information, visit www.arraylabs.io.

Media contact:
Ryan Duffy, Head of BD
[email protected] 

SOURCE Array Labs, Inc.

EL SEGUNDO, Calif., Jan. 5, 2026 — Cambium, a pioneer in advanced materials for defense, aerospace, and other high-performance sectors, announced a $100 million Series B financing led by 8VC, with participation from MVP Ventures, Lockheed Martin Ventures, GSBackers, Veteran Ventures Capital, J17 Ventures, Vanderbilt University, Alumni Ventures, Gaingels, Inevitable Ventures, JACS Capital, Jackson Moses, and other individuals and family offices.

This funding will accelerate both Cambium’s product pipeline and materials manufacturing in the U.S. and Europe, supporting customers across aerospace, defense, energy, marine, motorsport, and other high-performance sectors.

Cambium is transforming how advanced materials are discovered and how they’re scaled.
Cambium fuses AI, chemical informatics, and high-performance computing to design entirely new monomers and polymers—hundreds of times faster than traditional methods. These materials are then manufactured, tested, and scaled in-house on proprietary and aerospace qualified assets to massively speed development feedback loops.

With its recent acquisition of SHD, Cambium has one of the largest aerospace and industrial qualified prepreg, film and adhesives material production capacities in the world with sites in the U.S., the U.K., and Europe supported by resilient supply chains in each location. Cambium offers its customers: (a) rapid turnaround of prototype and small-batch runs—measured in days, not months—and (b) the ability to scale instantly across identical manufacturing sites in multiple locations for true supply-chain security.

Cambium’s development platform delivers multiple material verticals, from advanced composites to optical protection systems. Cambium’s recent commercial launches include ultra-high-temperature polymers and carbon-carbon Thermal Protection Systems for defense, aerospace, energy, and other advanced applications. For example, ApexShield 1000™ dramatically increases the speed of carbon-carbon part fabrication—for uses ranging from solid rocket motors (SRMs) to hypersonic glide bodies. Other products in late-stage testing include machining-ready composite billets for SRMs and metal-to-composite adhesives for air and space vehicle structures designed to excel in both routine and extreme conditions. Behind this is a pipeline of additional products, from optical and directed energy protection to high-temperature foams, each building off a common platform of polymer innovation and standard manufacturing processes.

With contracts underway with defense partners across key Programs of Record — each with dual-use applications — Cambium is rapidly emerging as the go-to advanced-materials partner for innovators across land, sea, air, and space.

“Our Series B round is a huge validation of Cambium’s model for reindustrializing critical materials manufacturing for our defense and industrial bases,” said Simon Waddington, Cambium’s Co-founder and CEO. “With this capital, we’re scaling a distributed, secure manufacturing network across the U.S., the U.K., and Europe—creating a Western advanced-materials platform designed for the speed, scale, and resilience our partners demand.”

According to Joe Lonsdale, Managing Partner, 8VC, “Frontier technologies require frontier materials. Cambium was built in the USA to design and manufacture advanced materials for the future. Their array of product lines is powering many top aerospace and defense innovators and driving fast, profitable growth. We’re privileged to renew our support for this critically important company.”

About Cambium
Cambium is redefining how advanced materials are discovered, designed, and manufactured. The company develops next-generation advanced materials for defense dual-use applications that enhance performance and survivability across land, air, sea, and space. Cambium’s proprietary materials platform molecularly re-engineers polymers from first principles, combining AI-driven molecular design with state-of-the-art chemistry, materials science, and biology. The result is exceptional performance, manufacturability, and speed from concept to production. Manufacturing is carried out through a secure, flexible, and scalable domestic supply chain, enabling defense and commercial innovators to move from prototype to full-scale production in record time. Please visit cambium-usa.com.

For more information, contact Stephan Herrera, Co-founder, Chief Marketing Officer & Head of Government Affairs at [email protected].

SOURCE Cambium Biomaterials, Inc

SACRAMENTO, Calif., Jan. 5, 2026 — Azimuth AI, a fast-growing semiconductor company with offices in Sacramento, California, and Hyderabad, India, is building custom edge-AI System-on-Chips (SoCs) for smart utilities, energy, and industrial infrastructure. Today, the company announced the successful close of a new funding round led by Jetha Global, with participation from existing venture capital partners Moneta Ventures, AUM Ventures, and additional new investors.

The raise marks a strong start to 2026 for Azimuth AI and underscores growing investor confidence in the company’s differentiated technology platform, disciplined execution, and long-term product roadmap.

“As we enter 2026, Azimuth AI is moving into a new phase defined by production deployments and scale,” said Praveen Yasarapu, Founder and CEO of Azimuth AI. “The progress of our first product, ARKA-GKT1, positions us to expand beyond pilots and into sustained, large-scale adoption across smart utilities and industrial infrastructure.”

Strong Momentum and Investor Confidence

The funding was completed over the past several days, bringing together new investors alongside existing venture capital partners. The round reflects continued conviction in Azimuth AI’s vision, its Software-Defined Silicon strategy, and the depth of its leadership and engineering teams.

“We see a new wave of India–U.S.-based semiconductor companies emerging with global-class technology and execution,” said Karan Danthi, Founder and Chief Investment Officer of Jetha Global. “Azimuth AI stands out for the pedigree of its team, including leadership experience from companies such as Intel and a proven track record of more than 30 successful SoC tape-outs and high-volume production ramps. That depth of technical experience, combined with strong execution discipline, positions the company well to build globally competitive silicon.”

National Recognition for India’s First Smart-Utility Silicon

Azimuth AI’s momentum follows a landmark industry milestone on November 17, 2025, when the company’s flagship ARKA-GKT1 chip was officially launched in New Delhi by Ashwini Vaishnaw, Honorable Union Minister of Electronics & IT, Railways, and Communications, Government of India.

The event marked the unveiling of India’s first smart-utility-focused, next-generation IP-powered silicon—reinforcing Azimuth AI’s role in advancing India’s semiconductor self-reliance and global competitiveness.

ARKA-GKT1 Silicon Advancing Toward Production

Following the launch, ARKA-GKT1 continues to make strong progress. The silicon is currently advancing through full qualification and customer testing and remains on track for ramp to production volumes later in 2026.

Built on Azimuth AI’s Software-Defined Silicon architecture, the platform enables high levels of integration, flexibility, and energy efficiency tailored for smart infrastructure and edge-intelligent systems—delivering up to 10× performance improvement over existing general-purpose integrated chips, with enhanced security and higher reliability.

Reaching this stage represents a major technical and operational milestone, validating Azimuth AI’s custom-silicon approach and its ability to execute from architecture and design through manufacturing and deployment.

Building Silicon That Matters

Azimuth AI is focused on delivering highly integrated, energy-efficient SoCs that reduce system cost, improve performance, and enable intelligent decision-making at the edge—particularly in smart infrastructure and industrial IoT.

“What we are building together truly matters—world-class silicon, real customer impact, and a company that will meaningfully improve the future of energy-efficient infrastructure,” said Sridevi Badiga, Co-founder of Azimuth AI. “None of this happens without the passion, commitment, and belief of our team, partners, and investors.”

With fresh capital, national-level validation, a proven silicon platform, and growing customer traction, Azimuth AI enters 2026 positioned for a defining year of scale, production, and global market expansion.

About Jetha Global

Jetha Global is a technology-focused investment firm investing across public and private markets, with a strong emphasis on semiconductors, AI infrastructure, and deep-technology platforms. The firm partners with founder-led companies at critical inflection points, supporting the transition from product development to production-scale deployment and global adoption.

SOURCE Azimuth AI Inc.

LAS VEGAS, Jan. 3, 2026 — Hanyang University (with Dean Lee Ki-jung) announced that it will participate in CES 2026 (Consumer Electronics Show 2026), the world’s largest ICT and innovation technology exhibition, to be held this January in Las Vegas, USA, where it will present its university-led technology commercialization achievements based on faculty- and laboratory-founded startups to a global audience.

CES is one of the world’s premier technology and industry exhibitions, bringing together leading global companies, investors, buyers, and research institutions. The event offers a comprehensive view of the present and future of cutting-edge technologies on a single global platform.

At CES 2026, Hanyang University will jointly participate through its Seoul Campus and ERICA Campus Industry-Academic Cooperation Foundations, showcasing a total of 12 technologies developed by university research labs and startup companies. The exhibited technologies focus on research areas in which Hanyang University holds strong expertise, including Artificial Intelligence (AI), Bio and Healthcare, Advanced Materials, and Digital Healthcare, highlighting the university’s integrated capabilities in research, entrepreneurship, and technology commercialization.

In particular, “TeraFixell,” co-developed by Professor Noh Young-Tae’s research team from Hanyang University’s Department of Data Science and EUTO Co., Ltd., a company specializing in terracotta architectural materials, was selected as a CES 2026 Innovation Award honoree in the Construction & Industrial Tech category. The CES Innovation Awards are highly prestigious recognitions granted to technologies that demonstrate outstanding innovation, technical excellence, and market potential among global participants. This achievement is especially significant as it represents international recognition of the global competitiveness and commercialization success of Hanyang University’s research-based technologies.

Through its CES 2026 participation, Hanyang University aims to go beyond simply introducing technologies, and instead showcasing the full pathway by which research evolves into startups, commercialization, and global market entry. The university plans to conduct live technology demonstrations and product exhibitions, as well as technology briefings and IR pitching sessions for global buyers and investors, alongside business meetings with overseas companies and institutions.

In addition, the Hanyang University Pavilion will host a Media Day during the exhibition period for domestic and international media outlets, where it will spotlight the university’s flagship technologies, including those that have received CES Innovation Awards.

During Media Day, presentations and live demonstrations will be conducted for the award-winning technologies as well as key research- and startup-driven innovations, with the aim of effectively communicating Hanyang University’s research achievements and technology commercialization capabilities to media audiences both in Korea and abroad.

Exhibition preparation and on-site operations will be systematically supported by the Hanyang University Industry-Academic Cooperation Foundation, which will lead comprehensive assistance spanning exhibition planning, on-site management, and global business matchmaking. Through this strategic support, the university seeks to ensure that faculty and researcher-led technologies translate into tangible international collaborations and follow-up commercialization opportunities.

Through its participation in CES 2026, Hanyang University aims to validate the global market readiness of its research while reinforcing its position as a leading university in technology commercialization. Building on its CES Innovation Award recognition, the university plans to expand its presence at international exhibitions and strengthen global collaboration programs, creating a sustainable innovation ecosystem that connects research, entrepreneurship, and global expansion.

SOURCE Hanyang University

SHANGHAI, Jan. 2, 2026 — Qiming Venture Partners’ portfolio company Biren Technology, a leading domestic GPU developer, successfully listed on the Hong Kong Stock Exchange today, becoming the first company to go public in Hong Kong in 2026. 

Biren Technology (06082.HK) issued shares at a price of HK$19.6 per share and opened at HK$35.7 per share with a market capitalization of HK$85.54 billion. Biren Technology’s successful listing makes it the first GPU stock on the Hong Kong market and the largest new share offering since Chapter 18C took effect.

Qiming Venture Partners is the earliest and most steadfast supporter of Biren Tech. Qiming, as a founding investor, led Biren Technology’s first round of financing when the company was founded in 2019, and has continued to fund its development since then. Qiming is the company’s largest external institutional investor.

Founded in 2019, Biren Technology is a leading provider of general intelligent computing solutions in China. The company adheres to an original core architecture, pioneers the Chiplet-based high-performnace computing chip, has built a technology system featuring software-hardware co-innovation. It is dedicated to fostering a intelligent computing industry ecosystem and aims to serve as a core engine for the development of China’s artificial intelligence industry.

Biren Technology has developed the first-generation General Purpose Graphics Processing Units (GPGPU) architecture and a series of hardware based on GPGPU. It has successfully developed the Biren ™106 and Biren ™110 chips as well as the higher-performing Biren ™166 chip. The chips are used in key industries such as AI data centers, telecommunications, AI solutions, energy and public utilities, fintech and internet.

Zhang Wen, Founder, Chairman and CEO of Biren Technology, stated: “Becoming a public company marks a stronger beginning for Biren—and brings greater responsibility. Going forward, we will continue to increase R&D investment, accelerate the development of our fully independent and controllable product stack, and help build a robust, domestic computing ecosystem. Our aim is to enhance the security, stability, and resilience of China’s intelligent computing capabilities, driving and enabling high-quality development across the AI sector.“ 

“As a founding investor in Biren Technology’s first financing round, we are delighted to have journeyed alongside the company and witnessed this significant milestone of its successful listing. From the outset, Biren Technology chose a challenging yet critical path—developing high-performance general-purpose GPUs through continuous technological innovation. Its successful listing not only marks a key phase in the company’s growth but also demonstrates the evolution of China’s tech entrepreneurship towards a new stage centered on original innovation. The listing is both a phased achievement and the starting point of a new journey. We expect Biren Technology to continue deepening its technological innovation and to play an increasingly significant role in building the AI ecosystem in China and globally,“ said Alex Zhou, Managing Partner of Qiming Venture Partners.

About Qiming Venture Partners

Qiming Venture Partners was founded in 2006. Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Healthcare industries at the early and growth stages.

Since our debut, we have backed over 580 fast-growing and innovative companies. Over 210 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 80 portfolio companies that have achieved unicorn or super unicorn status.

Many of our portfolio companies are today’s most influential firms in their respective sectors, including Xiaomi, Meituan, Bilibili, Zhihu, Roborock, Hesai Technology, UBTech, WeRide, HyperStrong, Insta360, Unisound, Biren Technology (06082.HK), Gan & Lee Pharmaceuticals, Tigermed, Zai Lab, CanSino Biologics, Schrödinger, APT Medical, Sanyou Medical, AmoyDx, SinocellTech, Insilico Medicine, AusperBio, Yuanxin Technology, Medilink Therapeutics, LaNova Medicines, zai, StepFun, among many others.

DRAPER, Utah, Dec. 31, 2025 — Onset Financial, Inc. today announced that Silver Point Capital has acquired a controlling interest in the claims of Onset Financial, Inc. and certain of its funding partners against First Brands Group, LLC and certain of its affiliates. Terms of the transaction were not disclosed.

About Onset Financial
Founded in 2008, Onset Financial, Inc. is an industry leader in equipment leasing and financing. Onset’s seasoned Management Team has decades of equipment leasing experience and key industry relationships that enable Onset to offer additional flexibility in lease structuring. For more information please call 801-878-0600 or visit www.onsetfinancial.com.

About Silver Point Capital, L.P.
Silver Point Capital, L.P. (“Silver Point”) is a leading global credit investing firm founded in 2002. With a dedicated team of more than 380 employees, Silver Point oversees approximately $42 billion in investable assets across a comprehensive credit platform that includes public and private investment strategies. For more information, please visit www.silverpointcapital.com.

Contact:
Matt Taylor
HELLER
[email protected]

Todd Fogarty
Kekst CNC
[email protected]

SOURCE Onset Financial

The investment will support the continued development of BriefCatch’s legal writing platform and help advance the company’s long-term vision of a more comprehensive, integrated set of AI-assisted writing tools for legal professionals. The funding comes amid rapid change in the market as law firms digitize at an accelerated pace and adopt generative AI while managing heightened concerns about accuracy, accountability, and data security.

Founded by legal-writing specialist Ross Guberman, BriefCatch delivers expert-guided editing and writing feedback directly within lawyers’ drafting workflows. Built on established legal-writing principles, the platform also offers optional, security-conscious AI features designed to help legal professionals sharpen arguments, improve clarity, and maintain full control over their work. Lawyers and firms interested in learning how BriefCatch fits into their drafting workflows can find additional information at www.briefcatch.com.

“The market is undergoing a lot of change—law firms are digitizing at a rate they hadn’t been before,” said Dupuy. “AI is driving much of that change, but it also comes with fear. We believe customers will see the value in BriefCatch in accelerating the learning and quality of associates’ work, and as a check and balance on generative AI content that will inevitably be part of the future.”

Dupuy added that BriefCatch’s deep domain focus differentiates it from more generalized legal AI tools.

“We’ve always preferred deep subject expertise and focused product visions,” Dupuy said. “That’s usually the path to real value for customers and customers are the most critical stakeholders to keep happy.”

BriefCatch has demonstrated exceptional market traction, with a 99% customer retention rate, 100% gross retention among law firms and courts, and 126% net revenue retention, reflecting expanded adoption and long-term value for users.

As law firms increasingly look to incorporate AI into their workflows, many are seeking tools that enhance efficiency while preserving the profession’s longstanding standards for accuracy, style, and disciplined legal prose.

“The company already has a lot of momentum, and has achieved it with modest means,” Dupuy said. “Our capital and our pool of exceptional operators means we can help unlock much of the latent demand we see for this product.”

With the Series A funding, BriefCatch plans to:

• Accelerate product development , including more advanced AI-assisted writing capabilities tailored to legal workflows
• Expand its team and market presence , supporting broader adoption across law firms and legal organizations
• Deepen its commitment to security, accuracy, and user control , ensuring lawyers retain oversight and responsibility for final work product

“We’re thrilled about the next phase of our AI journey: marrying my passion for first-rate legal writing with a custom AI system that delivers real, career-advancing wins for our customers,” Guberman added. “I’m deeply grateful to our team and to our incredibly loyal customers—some of the most respected firms and courts in the world—who have helped us build one of the strongest net revenue retention profiles in legal tech.”

About BriefCatch

Founded by bestselling author and legal-writing authority Ross Guberman, BriefCatch delivers expert-informed editing technology trusted by thousands of law firms, courts, agencies, and legal professionals. Integrating directly into Microsoft Word, BriefCatch provides instant, practical guidance to improve the clarity, precision, and persuasive impact of legal writing.

Media Contact:

Kate Leismer
[email protected]

SOURCE BriefCatch

ROCHESTER, N.Y., Dec. 29, 2025 — Philanthropist and entrepreneur Tom Golisano today announced a $100 million investment in two additional children’s hospitals, Arkansas Children’s in Little Rock, Arkansas, and Wellstar Children’s Hospital of Georgia in Augusta, Georgia, each receiving $50 million. With these additions, both hospitals will join the Golisano Children’s Alliance, bringing the total number of alliance members to 12 children’s hospitals across the United States.

The Golisano Children’s Alliance is a growing national network of children’s hospitals united by a shared commitment to improving pediatric healthcare delivery, advancing innovation, and ensuring children and families have access to high-quality, compassionate care close to home.

The investments will support each hospital’s strategic priorities, enabling them to strengthen clinical programs, expand access to care, and respond to the unique needs of children and families in their regions. Each hospital will become an active member of the Golisano Children’s Alliance as well as incorporate Golisano into the organization’s name. The Arkansas Children’s campus in Little Rock will become the Arkansas Children’s Golisano Campus, and Wellstar Children’s Hospital of Georgia will become Wellstar Golisano Children’s Hospital of Georgia.

“Children’s hospitals are essential to the health and future of our communities, and each one serves families with unique needs and challenges,” said Tom Golisano. “Arkansas Children’s and Children’s Hospital of Georgia have demonstrated a deep commitment to advancing pediatric care, expanding access, and investing in innovation. I’m proud to support their work and to welcome them into the Golisano Children’s Alliance as we continue building a collaborative network focused on improving outcomes for children nationwide.”

Mr. Golisano emphasized that these investments reflect his ongoing effort to better understand the evolving needs of children’s hospitals nationwide.

Marcy Doderer, president and CEO of Arkansas Children’s, is leading a 10-year system-wide expansion to meet the escalating child health needs of the next generation. “The demand for services continues to change and grow—and we are committed to providing the best care, research and outcomes for the patients we serve,” said Doderer. “Mr. Golisano’s extraordinary generosity is an investment in Arkansas Children’s, ensuring access to the best answers medicine can offer. This gift elevates our work as a pediatric health center of excellence, expanding care close to home for the children of America’s heartland.”

Arkansas Children’s is a nationally recognized, independent pediatric health system that serves Arkansas and the broader heartland region, providing comprehensive, high-quality pediatric care and research.

“We are deeply grateful to Mr. Golisano for his extraordinary gift to improve the health and well-being of children in Georgia and across the country. We are honored to be among the handful of hospitals nationwide that have earned his transformative support,” said Ketul J. Patel, president and CEO of Wellstar Health System. “Thanks to the power of philanthropy, we can expand the lasting impact of compassionate, innovative care to more children and families across Georgia and far beyond, today and for generations to come.”

The Wellstar Golisano Children’s Hospital of Georgia serves as Wellstar’s cornerstone for pediatric excellence, delivering advanced surgical specialties, intensive care units (NICU and PICU) and nationally recognized outcomes for high-acuity cases.

In 2025, Mr. Golisano significantly expanded his support of children’s hospitals with a transformative philanthropic commitment totaling $403 million to elevate pediatric care. Announced in October, the Golisano Children’s Alliance brings together a national network of 12 children’s hospitals bearing the Golisano name, including nine hospitals supported through this year’s philanthropic investments.

As part of this continued engagement, Mr. Golisano is actively building relationships with children’s hospitals across the country, with a long-term goal of expanding the Golisano Children’s Alliance to 40 hospitals over the next several years. Additional hospital partnerships are anticipated in 2026.

For more information on the Golisano Children’s Alliance, visit golisanofoundation.org/alliance.

About Tom Golisano 
Tom Golisano—entrepreneur, philanthropist, and civic leader—is the founder of Paychex, Inc., the nation’s largest human resource company for small to medium-sized businesses. Mr. Golisano’s vision, perseverance, and action have left an indelible mark on a broad spectrum of issues that touch our lives in business, healthcare, education, animal welfare, voter policies, politics, and tax reform. His investments are advancing entrepreneurship and driving the success of numerous businesses and start-ups. His philanthropic contributions to education, hospitals—including multiple children’s hospitals across the country that bear his name and numerous other organizations exceed $1 billion. 

A fierce advocate for dignity and inclusion, in 1985 Tom Golisano applied his pioneering spirit to establish the Golisano Foundation to make the world a better place for people with intellectual and developmental disabilities. With more than $120 million in gross assets, it is one of the largest private foundations in the U.S. devoted to supporting programs for people with intellectual and developmental disabilities awarding grants to non-profit organizations in Western New York and Southwest Florida.

In 2025, Mr. Golisano launched the Golisano Children’s Alliance, a national initiative that provides strategic funding and brings together children’s hospitals across the United States to elevate pediatric care by expanding services, strengthening collaboration, and ensuring that children and families have access to the highest quality medical attention close to home. Together, Alliance members are building a nationally recognized network that exemplifies excellence, dignity, and innovation in pediatric health care.

Media Contact
Wendy Boyce, McDougall Communications
[email protected] or (585) 752-5805

SOURCE Golisano Foundation

TULSA, Okla., Dec. 26, 2025 — The University of Tulsa and Hurricane Ventures have announced an investment in Tobe Energy, a groundbreaking electrolysis startup co-founded by UTulsa alumni Colby DeWeese and Caleb Lareau. The funding will accelerate the company’s mission to make clean hydrogen production cheaper, more efficient and widely accessible to accelerate the transition to a low-carbon economy.

“We are proud to see our UTulsa alumni leading the charge in clean energy transition. Hurricane Ventures was created to be a catalyst for exactly this kind of entrepreneurial success. Tobe Energy and its founders, Colby and Caleb, exemplify the bold entrepreneurial spirit that UTulsa fosters, and we are excited to support them as they work to solve the global energy challenge,” said Chris Wright, director of UTulsa’s Center for Innovation & Entrepreneurship.

Launched in April 2023, Hurricane Ventures invests in early-stage companies with strategic connections to the university. The fund leverages the university’s knowledge network and resources to spur success across its portfolio. Through the Collins College of Business and Center for Innovation & Entrepreneurship, Hurricane Ventures advances UTulsa’s innovation ecosystem and drives economic growth across the region.

Tobe Energy is developing a new class of electrolyzer, a device that splits water into hydrogen and oxygen without emissions, making clean hydrogen generation significantly more cost-effective. The company’s novel, membrane-free system simplifies the production process, cutting costs by up to 75% and reducing waste heat. This scalable technology is designed for large-scale use in industries like energy, manufacturing and transportation.

DeWeese, a UTulsa chemical engineering alumnus who serves as CEO, has led over $75 million in energy infrastructure projects. Lareau, who majored in mathematics and biochemistry at UTulsa and earned his doctorate from Harvard, is co-founder of Cartography Biosciences, a precision therapeutics company that has raised more than $50 million in funding.

“Oklahoma is the perfect place to launch big renewable projects, and it’s incredible to have support from both local VCs and my alma mater. Our mission is simple but ambitious: make hydrogen production so efficient and affordable it drives the transition to a low-carbon economy. With Hurricane Ventures behind us, we’re one step closer to turning breakthrough technology into real-world impact,” DeWeese said.

Tobe Energy is the latest company to receive support from Hurricane Ventures, bringing the total number of investments to 11.

SOURCE The University of Tulsa