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

Investment will accelerate InsideDesk’s AI-powered platform, fuel key hires, and extend the company’s leadership in revenue cycle management for dental service organizations.

TORONTO, July 15, 2026 — InsideDesk, the dental industry’s leading provider of AI-powered revenue cycle management (RCM) solutions for dental service organizations (DSOs), today announced a $12.6 million financing led by Pender Ventures with participation from existing investors Round13 Capital and Graphite Ventures. The financing will accelerate the company’s AI platform and support its mission to help DSOs automate the revenue cycle, improve collections, and reduce administrative burden at scale.

InsideDesk’s platform is already delivering measurable results for the organizations it serves. MB2 Dental, one of the nation’s largest Dental Partnership Organizations, has used InsideDesk to improve visibility into revenue cycle performance and identify additional collection opportunities across its organization. That impact has driven growing demand for the company’s AI-driven solutions as dental organizations look to do more with leaner teams amid increasingly complex payor requirements.

InsideDesk has had a meaningful impact on how we manage our revenue cycle, giving our teams greater visibility and helping us recover insurance receivables more efficiently and effectively across our organization,” said Clint Ellenberg, Chief Revenue Officer at MB2 Dental. “We’ve seen firsthand how the right technology can move the needle. As dental organizations navigate an increasingly complex environment, continued innovation in revenue cycle management will be critical to helping teams make informed decisions and operate more successfully.”

The round will fund deeper investment in artificial intelligence and automation and support key hires across engineering, AI, and go-to-market as InsideDesk scales to meet growing demand and extends its leadership in AI-powered revenue cycle management.

“Dental organizations shouldn’t have to choose between growth and operational efficiency. We believe AI will fundamentally change how revenue cycle teams operate at scale: automating repetitive work while helping DSOs recover more revenue and operate more efficiently,” said Paul Chen, Founder and CEO of InsideDesk.

“InsideDesk is tackling one of the dental industry’s biggest operational pain points: revenue cycle management at scale” said Meryeme Lahmami, Principal at Pender Ventures. “Its AI platform brings automation to manual workflows and delivers clear ROI for DSOs. With a strong team, deep domain expertise, and an AI platform purpose-built for DSOs, we are proud to lead this round and look forward to supporting InsideDesk through its next phase of growth.”

To learn more about InsideDesk and its AI-powered revenue cycle management platform, visit www.insidedesk.com.

About InsideDesk InsideDesk is the dental industry’s leading revenue cycle management provider, offering the most complete suite of solutions available to dental service organizations. InsideDesk helps DSOs streamline claims processing, improve collections, and reduce administrative burden, giving teams the tools and visibility they need to improve financial performance at every level of the organization. Learn more at www.insidedesk.com and follow us on LinkedIn.

About MB2 Dental Dallas-based MB2 Dental is a first-of-its-kind dental partnership organization (DPO) founded in 2007 and led by dentist and entrepreneur Dr. Chris  Steven Villanueva. MB2 Dental was the first group to introduce the DPO model, an alternative to the traditional DSO model designed to preserve the integrity of the dental profession in a rapidly consolidating market.  The company empowers dentists by ensuring clinical autonomy while providing resources and support to its doctor owners. For more information, visit www.mb2dental.com.

About Pender Ventures Pender Ventures is a venture capital investor focused on health tech and B2B technology companies at the inflection point between commercialization and scale. As a hands-on, high-conviction investor, Pender Ventures partners closely with founders to accelerate growth and build category-leading businesses. With deep roots in the Canadian innovation ecosystem and the flexibility to invest across North America, the team operates from offices in Vancouver, Toronto, Montreal, and Calgary. Learn more at  www.penderventures.com.

SOURCE InsideDesk Inc.

• Co-Led by RAED Ventures and Wa’ed Ventures, with participation from Dhahran Techno Valley’s Venture Capital arm and strategic angels
• Funding will accelerate the deployment of Think’s integrated hardware and orchestration platform, designed to reduce the cost and complexity of AI

RIYADH, Saudi Arabia, July 15, 2026 — Think, the Saudi-based company building a new generation of intelligent, unified hardware and software infrastructure for artificial intelligence, today announced it has raised over $8 million in pre-seed funding, marking the largest AI infrastructure and deeptech pre-seed round in MENA to date.

The round is being co-led by RAED Ventures and Wa’ed Ventures, with participation from Dhahran Techno Valley’s Venture Capital arm and strategic angel investors. The capital will support team expansion, manufacturing scale-up, product development, and international growth initiatives as Think rapidly accelerates deployments across Saudi Arabia and expands its presence across the GCC and selected global markets.

Think is focused on solving the next major challenge in AI adoption by reducing the cost and complexity of AI infrastructure while dramatically improving efficiency. Its technology combines high-density, liquid-cooled multi-GPU compute nodes with proprietary bare-metal orchestration software, enabling companies of any size to deploy AI models more efficiently, securely, and cost-effectively while maximising all available compute capacity.

Think was founded by Ahmed AlSharif, a technology leader whose career includes senior roles at Meta, Sony PlayStation Europe and EA Games, alongside enterprise technology veteran Ammar Enaya, whose career spans leadership positions at Cisco, HPE Aruba and Vectra AI.

“As the industry moves beyond the race for bigger models and larger data centres, a new age of efficiency is beginning,” said CEO Ahmed AlSharif. “AI infrastructure today is expensive, inefficient, and increasingly difficult to scale. Think exists to help organisations do more with the compute they already have, offering an alternative to the industry’s current obsession with bigger, faster and more expensive.”

Think’s approach combines proprietary AI Node hardware with ILM, a software orchestration layer designed to maximise GPU utilisation, lower token costs, and reduce the overall cost of deploying AI. In production benchmark testing, the platform achieved sustained GPU utilisation of more than 90%, compared with industry averages of 30–50%, with a per-million-token cost that’s almost 10x lower than the average cost of using frontier models from Google, OpenAI, and Anthropic.

This is all achieved using existing, widely available GPUs, and doesn’t require proprietary or specialist inference hardware. The platform will soon support mixed-vendor and specialist inferencing silicon working in tandem for both inferencing and training.

With Saudi Arabia accelerating its ambitions to become a global leader in artificial intelligence, the firm is building what it describes as the engine room of the AI era: the integrated infrastructure layer that powers secure, efficient, and sovereign AI deployments across the Kingdom and the wider GCC.

The company is already engaged in multiple proofs of concept, production deployments, and strategic partnerships across Saudi Arabia, including participation in the Kingdom’s rapidly evolving AI ecosystem alongside initiatives such as HUMAIN.

“Our customers want the benefits of AI without the spiralling costs, security concerns, and dependence associated with hyperscale cloud providers,” said Ammar Enaya, co-founder of Think. “We’re seeing strong demand from enterprises, start-ups and government organisations looking for infrastructure that delivers the performance they need, with an approach that gives them total control and ownership.”

The funding brings together investors who share Think’s belief that the next generation of AI will be defined not only by more powerful models, but by more efficient, sovereign and economically sustainable infrastructure.

Wael Nafee, General Partner, RAED Ventures: “The next generation of AI leaders will be defined not only by the models they build, but by the infrastructure that makes AI practical, affordable and sovereign. Think is tackling one of AI’s biggest challenges with technology that improves efficiency while giving organisations greater control over their AI capabilities. We believe the team is building a category-defining company from Saudi Arabia with global potential.”

The funding round comes as organisations worldwide seek alternatives to traditional AI deployment models amid rising GPU costs, increasing concerns around data sovereignty, and growing pressure to both improve the economics and reduce the environmental impact of AI. Think’s integrated approach combines hardware, software, and cooling technologies into a single platform that can be deployed across data centres, offices, laboratories, and edge environments.

Eng. Anas Algahtani, CEO, Wa’ed Ventures: “Saudi Arabia has a unique opportunity not only to adopt AI, but to build the infrastructure that powers it. Think is resolving one of the industry’s biggest challenges by making AI deployment more efficient, scalable and sovereign, and we’re proud to support its next stage of growth.”

Faizan Baig, Chief Investment Officer, Dhahran Techno Valley (DTV): “Sovereign and efficient AI infrastructure is foundational to every country’s AI ambitions. Think is tackling one of the sector’s most pressing challenges by helping organisations deploy and scale AI while maintaining control over cost, security and data.”

With the funding now secured, Think plans to accelerate commercial deployments across Saudi Arabia while expanding its platform and international presence. The company plans to expand across the GCC over the next 18 months while accelerating development of ILM as a standalone software platform, supporting Saudi Arabia’s ambitions to become a global hub for next-generation AI infrastructure.

About Think

Think is dedicated to making AI superintelligence affordable, efficient, and accessible to everyone. Think’s unified approach to AI infrastructure combines intelligent software with high-performance hardware to address the most critical technical bottlenecks in AI deployments today, including cooling, power efficiency, and GPU utilisation.

Think was created to empower organisations, enterprises, and governments to achieve true AI sovereignty with full security and data privacy, without relying on traditional data centres or cloud dependencies.

Founded by games industry veteran Ahmed AlSharif (formerly of PlayStation, EA, and Meta) and seasoned technology leader Ammar Enaya (formerly of Cisco and HPE), Think is based in Riyadh, Saudi Arabia.

About RAED Ventures

RAED Ventures is a MENA-focused venture capital firm with over $550 million in assets under management. Founded in 2015, RAED Ventures partners with exceptional founders across MENA from seed to growth stages, backing category-defining technology companies and helping them scale into regional and global market leaders.

About Wa’ed Ventures

Wa’ed Ventures is a $500 million institutional venture capital firm wholly owned by Aramco to promote economic diversification and new business growth in the Kingdom by investing in high-growth tech startups across multiple sectors. Established in 2013, Wa’ed Ventures manages a portfolio of 100+ startups, providing end-to-end support to startups from funding to providing access to partner resources. The company is located in the city of Dhahran, Saudi Arabia. For more information, please visit: https://www.waed.com/

About Dhahran Techno Valley

Dhahran Techno Valley (DTV) is Saudi Arabia’s emerging hub for deep-tech innovation, bringing together world-class research, industry, capital, and entrepreneurship. Anchored by King Fahd University (KFUPM), DTV is home to more than 15 multi-national research centres and 65 deep-tech startups, and collaborates with more than 20 Fortune Global 500 companies to accelerate the commercialisation of breakthrough technologies. DTV’s newly established venture capital arm operates as an independent investment vehicle, backing high-potential local and international deep-tech startups while creating pathways for their expansion into the regional market. Visit dtv.sa for more information.

For more information, visit www.think-ai.com.

SOURCE Think

LAS VEGAS, July 14, 2026 — • Inside the world’s largest organisations, AI agents are no longer experimental. They are executing in production — modifying financial records, triggering payments, approving workflows, and acting with the full operational authority of the enterprises that deployed them. By every credible estimate, the volume and consequence of these actions will increase by an order of magnitude within 24 months.

Yet no infrastructure layer exists to govern what these agents actually do. No systematic policy enforcement before action. No immutable audit trail after. No deterministic control between an agent’s intent and its real-world consequence. The most consequential technology shift in enterprise history is unfolding without an accountability layer.

Today, that changes. Devenex — the Execution Control Plane for AI agents — launches at Google Cloud Next 2026, introducing enterprise-grade governance infrastructure that sits between agent intent and real-world execution. Every action is policy-evaluated, explicitly authorised, identity-bound, and recorded as audit-grade evidence — before it takes effect, giving new life to enterprise AI initiatives.

Devenex is not a monitoring tool. It is not a workflow engine. It is the control plane that ensures no AI-initiated action executes without governance — giving CIOs, CTOs, CROs and enterprise security leaders the confidence to deploy agents at scale without sacrificing accountability.

THE STRUCTURAL GAP

Analyst consensus has converged on a single conclusion: enterprise AI execution capability is outpacing the controls designed to keep it accountable.

Gartner projects that by 2028, a third of enterprise software will incorporate agentic AI — up from less than one percent in 2024. McKinsey identifies governance and risk as the primary barriers to scaling enterprise AI, ahead of model quality or talent. Deloitte’s 2026 enterprise survey finds that 80 percent of leaders piloting AI agents cite security and compliance as the leading obstacle — up from 68 percent a year earlier.

The pattern is consistent across every credible source: enterprises are deploying agents faster than they can govern them. An AI agent that modifies a customer record, approves a discount, or initiates a wire transfer without a governing policy layer is not automation. It is an unmanaged compliance event, a latent security exposure, and a board-level liability.

Devenex addresses this gap at the infrastructure level — not as a feature bolted onto existing tools, but as a purpose-built control plane designed for governed enterprise execution from the ground up.

THE EXECUTION CONTROL PLANE

Devenex operates as the authorisation and governance layer between enterprise decision-making — whether initiated by humans, AI agents, or automated systems — and the execution of actions across enterprise systems of record.

Every action processed through Devenex produces four structured artifacts:

Intent Record. 

Execution Plan. 

Governed Execution. 

Execution Evidence. 

This model ensures that enterprises maintain full traceability from intent to outcome — satisfying EU AI Act, SOC 2, ISO 42001, and sector-specific regulatory requirements.

ENTERPRISE CAPABILITIES

Pre-Execution Policy Enforcement.  Every agent action is evaluated against organizational policy before execution. Nothing executes unchecked. Enterprises gain control over what agents are permitted to do — reducing compliance risk and eliminating ungoverned action.

Dynamic Human-in-the-Loop Governance.  High-consequence actions are routed to designated reviewers without halting low-risk automation. Approval workflows are configurable at the agent, action, or policy level — ensuring human oversight where it matters without creating operational bottlenecks.

Immutable Audit Infrastructure.  Every governed execution is recorded to an append-only ledger. Enterprises gain continuous compliance evidence without manual reporting.

Unified Observability Across Agents.  Live and retrospective visibility into agent activity, policy adherence, and anomaly patterns. Security, compliance, and operations teams share a single authoritative view of enterprise execution.

BUILT FOR ENTERPRISE REALITY

Devenex delivers flexible deployment models—SaaS, hybrid, and self-deployed—enabling organizations to adopt at their own pace.

Engineered to be framework-agnostic and cloud-native, Devenex integrates seamlessly across diverse enterprise environments. The platform does not replace existing systems of record, integration platforms, or identity providers. It governs execution across them.

LEADERSHIP

“For four decades, Abacus has earned the trust of enterprises navigating their most consequential technology transitions. Devenex represents the next chapter — purpose-built infrastructure for a world where AI agents execute with the authority of the organisations that deploy them. Governance at this layer is not optional. It is a precondition for enterprise AI at scale.”

— Aly Kuly Khan
Co-Founder & Chairman, Devenex

“For four decades, we’ve built the layers enterprises run on — systems of record, integration, workflow automation, API and iPaaS governance. Each wave solved the problem the previous one created. Today, AI agents are executing actions on architecture that was never designed to govern them. This isn’t an AI problem. It’s an architectural gap — and it’s the one our experience has prepared us to solve. Enterprises cannot answer four questions about any agentic action: who authorized it, what policy governed it, why it executed as it did, and whether they can prove it after the fact. In regulated environments, these aren’t edge cases — they’re the baseline. Devenex is the execution control plane that answers all four, by design, at execution time.”

— Shoaib A. Khan
Co-Founder & CEO, Devenex

AVAILABILITY & ENGAGEMENT

Devenex is available immediately, with deployment support from Abacus teams across the globe.

Enterprise pilot programmes are open to qualified organisations seeking to bring governed execution to production AI workloads.

Learn more at www.devenex.com

THE ROAD AHEAD

Enterprise AI is entering its execution era. The question is no longer whether agents can act — it is whether they can act accountably. The organisations that solve this first will scale AI faster, operate with greater confidence, and carry less risk than those that treat governance as a downstream problem.

Devenex exists to make governed execution the default operating model of the enterprise. Not as an aspiration. As infrastructure.

About DevenEx

Devenex is the Execution Control Plane for AI agents — enterprise infrastructure that governs every action across systems with policy enforcement, explicit authorisation, and audit-grade evidence. Built for the agentic era, Devenex sits between intent and execution so that no enterprise action moves forward ungoverned. Devenex is built by the team behind Abacus, bringing four decades of enterprise trust to AI execution governance.

About Abacus

Abacus is a global professional services leader in technology, outsourcing, and people solutions. With nearly 40 years of experience, 5,000+ professionals across four continents, and 1,500+ enterprise clients, Abacus designs bespoke solutions that enable organisations to create the future of business and embrace change for sustainable growth.

Media Contact

Devenex
www.devenex.com
Shoaib Khan
[email protected]
+1 (347) 701-4221

SOURCE DEVENEX

NEW YORK, July 14, 2026 — Debevoise & Plimpton LLP announced today that Zahra Sowder has joined the firm as a partner in its Fund Finance practice in New York.

Ms. Sowder advises private funds and financial institutions on a broad range of complex fund financing transactions, including subscription lines and NAV facilities, as well as bespoke financing solutions for LP and GP stakes. She also has extensive experience advising corporate borrowers on asset-based financings.

Presiding Partner Peter Furci said, “We continue to invest in our private capital platform to meet growing client demand for sophisticated financing solutions across the fund lifecycle. Zahra’s deep experience in this area, together with her longstanding connection to Debevoise and many of our clients, makes her an exceptional addition to the firm.”

Co-Chair of the Fund Finance Group Ramya Tiller said, “Private capital clients need sophisticated financing advice to support liquidity, fundraising and investment activity. Zahra has deep experience across the products our clients are using most actively, including NAV facilities across all strategies and other complex fund financing solutions. Having previously practiced at Debevoise, Zahra can contribute immediately to our growing practice.”

Ms. Sowder said, “Debevoise played an important role earlier in my career and is ideally suited for this next stage of my practice, especially given its specialized and growing fund finance practice. I look forward to working with colleagues and clients I know well and contributing to the continued growth of the practice.”

Ms. Sowder joins Debevoise from the New York office of another international law firm and previously practiced at Debevoise for more than 15 years as an associate and counsel. She received her J.D. from UCLA School of Law in 2008 and her B.A. from Vassar College in 2002.

SOURCE Debevoise & Plimpton LLP

BROOKLYN, N.Y., July 14, 2026 — ICW Holdings, LLC (“ICW”), an investment management firm, today announced the formation and launch of its flagship fund, a private investment vehicle pursuing a global, long-biased equity strategy by combining bottom-up company research with macroeconomic regime analysis and portfolio risk management.

Managed by Mark Dinner, formerly with Bridgewater Associates, the strategy is designed to create a diversified, risk-balanced portfolio of high-quality businesses. With a focus on managing concentration risk and navigating a wide range of inflationary, deflationary, and policy-drive environments, the strategy’s multi-layered investment process integrates macro risk analysis, systematic portfolio construction, and selective tail-risk mitigation.

“ICW was founded on the belief that companies are the most fundamental drivers of long-term value creation and our investment approach combines rigorous bottom-up equity selection with a deep understanding of macroeconomic regimes,” said Dinner. “We believe the current environment continues to reward an active, differentiated investment approach that can adapt across cycles. The strategy is designed with that flexibility at its core and formalizes an investment approach we have been actively executing since our founding in 2021.”

ICW’s leadership team combines macro investing expertise, systematic portfolio construction experience, and institutional operational oversight. Collectively, the team brings over 100 years of cumulative experience across leading investment organizations.

About ICW Holdings, LLC

ICW is an investment management firm founded in 2020 by Mark Dinner, a former senior investor at Bridgewater Associates, to apply a disciplined understanding of macroeconomic regimes and portfolio balance to equity investing. The firm serves eligible investors seeking risk-aware equity exposure across market cycles. All statements regarding personnel background, firm history, and strategy should be reviewed for accuracy and substantiation before dissemination.

Important Notice: This press release is for general informational purposes only. It is not, and should not be construed as, an offer to sell, or the solicitation of an offer to buy, any securities or other investment interests, and it is not intended to condition the market for any securities offering. ICW is not using this announcement to market any securities. Any private offering, if made, would be conducted only through confidential offering materials and only in accordance with applicable law.

Media Contact

Matthew Della Croce
Clario Group
1-646-319-7487
[email protected]

SOURCE ICW Holdings

The CADDS project addresses a critical Department of War challenge: transitioning from a one-operator-per-aircraft model to scalable autonomous systems that deploy and sustain large drone fleets with minimal human intervention. The project prioritizes modular, open-architecture solutions that support distributed military operations and allow rapid technology integration.

Tesseract Ventures will demonstrate its modular autonomous platform, which simplifies the deployment, launch, recovery, and management of multiple drones from containerized systems. Leveraging open systems architecture, advanced autonomy software, resilient command and control, and scalable mission management, Tesseract’s solution increases operational flexibility while reducing operator cognitive workload.

“This selection is an important milestone for Tesseract Ventures and validates our vision of delivering scalable autonomous systems and drones that meet the evolving needs of the U.S. military,” said John Boucard, CEO and founder of Tesseract Ventures. “We are honored to support DIU’s mission of rapidly fielding commercial technology to the warfighter.”

The CADDS project requires solutions capable of transporting, storing, launching, recovering, refitting, and managing diverse autonomous aircraft across land and maritime environments with minimal personnel. The solicitation prioritizes the Modular Open Systems Approach (MOSA) to maximize interoperability, future upgrades, and rapid technology insertion.

Unlike traditional drone operations requiring heavy operator involvement, Tesseract’s approach uses intelligent automation to increase the operator-to-aircraft ratio, enabling persistent autonomous operations while reducing risks to personnel.

As part of this prototype effort, Tesseract Ventures will participate in demonstrations to validate operational performance. Under the Commercial Solutions Opening (CSO) process, successful prototypes may become eligible for follow-on production opportunities without further competition.

About Tesseract Ventures 

Tesseract is an American invention company building advanced hardware, software, and AI-driven systems for construction, defense, infrastructure, and agriculture. The company develops integrated platforms combining real-time sensing, digital twins, robotics, and automation to provide organizations a complete operational picture. Tesseract works with field teams, military partners, and enterprise clients to create practical, reliable technologies that improve safety, clarity, and productivity.

For more information, visit www.tesseractventures.io

SOURCE Tesseract Ventures