Ronnie Wiessbrod Joins Trousdale Ventures as Chief Investment Officer

LOS ANGELES, Dec. 8, 2025 — Trousdale Ventures, an investment firm backing passionate entrepreneurs working to solve some of the world’s most complex challenges, is pleased to announce the appointment of Ronnie Wiessbrod as Chief Investment Officer.

Ronnie brings a deep background in emerging technologies, venture capital, and strategic growth. He joins Trousdale from the Milken Family Office, where he served as Chief Strategy Officer. In that role, he led technology investments from Series A through the public markets and across the capital structure. His experience also includes business development and strategy leadership at high-growth, venture-backed companies, as well as board and advisory roles for pioneering firms in cybersecurity, financial technology, enterprise software, and data analytics.

“We’re thrilled to welcome Ronnie to Trousdale,” said Phillip Sarofim, Founder and CEO of Trousdale Ventures. “He brings conviction and precision to the way he supports and scales companies. Ronnie’s ability to see around corners, coupled with his global network and deep operating acumen, will be invaluable as we continue building the next generation of industry-defining businesses.”

“I’m honored to join Trousdale Ventures and partner with Phillip and the team,” said Wiessbrod. “Trousdale has built a unique portfolio, backing founders who are solving meaningful problems and pushing the boundaries of what’s possible. I look forward to helping accelerate that mission and expand our impact.”

As Chief Investment Officer, Ronnie will work across all of Trousdale’s core verticals, leading investment strategy and supporting portfolio growth. He will focus on sourcing and scaling high-impact public and private investments, deepening founder partnerships, and helping shape the firm’s next phase of innovation and market leadership.

About Trousdale Ventures
Led by Founding Partner and CEO Phillip Sarofim, Trousdale Ventures is an investment firm dedicated to backing passionate entrepreneurs who are working to solve some of the world’s most complex challenges. With a focus on deep tech, aerospace, mobility, and climate tech, Trousdale goes beyond capital, offering hands-on operational support, strategic guidance, and an expansive network to help companies scale.

Media Contact: [email protected] 

SOURCE Trousdale Ventures

Lumana Surpasses 50,000 Cameras, Cementing Its Leadership in AI Video Surveillance

Backed by $64 million in total funding, including a record-breaking $40 million Series A round in physical security, Lumana is transforming everyday cameras into intelligent systems that deliver real-time insights, automation, and accuracy at scale.

LOS GATOS, Calif., Dec. 8, 2025Lumana, the leader in AI video surveillance, today announced that it has surpassed 50,000 cameras. This milestone reinforces Lumana’s rapid expansion and solidifies its position as the fastest-growing AI security company in a market shifting from reactive monitoring to proactive, real-time intelligence.

In just over a year since emerging from stealth, Lumana has become one of the most influential companies in the physical security industry. Following its $40 million Series A round in July 2025, the largest in sector history, Lumana has expanded across enterprise, commercial, and public environments. Its customers include Meta, McDonald’s, New York University, the Minnesota Twins Baseball Club, Tough Shed, Steak ‘n Shake, Geneva College, Washington State Fair, and Visual Comfort, among others.

“Reaching 50,000 cameras is a remarkable milestone, and it represents something far greater: a shift in how organizations think about safety, intelligence, and their existing infrastructure,” said Sagi Ben Moshe, Founder and CEO of Lumana. “With Lumana, every camera becomes a smart sensor that understands, acts, and empowers people in real time. This is the future of video, and we’re just getting started.”

Most organizations still rely on security cameras that simply record footage without understanding what they capture, often missing critical events or overwhelming teams with hours of video. Lumana’s platform transforms that model entirely by leveraging an organization’s existing security camera infrastructure to automatically extract actionable, impactful insights. Through a single interface, users receive precise real-time alerts, automated workflows, and deep operational intelligence.

The platform can detect threats and incidents such as:

  • Gun detection: When a weapon is brandished, Lumana can activate audible alarms, initiate lockdown procedures, and notify emergency responders.
  • Violence detection: When a fight occurs, Lumana alerts security staff and can trigger automated announcements to de-escalate the situation.
  • Safety violations: When someone enters a restricted forklift zone, Lumana can issue warnings and automatically restrict equipment access.

These capabilities elevate safety and security while reshaping operations. Tasks that once required constant human monitoring are now automated. Investigations that used to take hours can be completed in seconds. And occupancy, compliance, and performance metrics are captured and visualized on interactive dashboards, enabling faster, smarter decisions across an organization.

“The growth we’ve achieved in a little more than a year is extraordinary,” added Ben Moshe. “I’m deeply grateful to our customers and partners who believe in our mission to build the world’s most advanced AI video surveillance platform. Their trust fuels our innovation as we continue shaping a future where AI protects people and property and helps every organization operate smarter, safer, and more efficiently.”

About Lumana

Lumana provides next-generation AI video security solutions that transform any camera into an intelligent sensor, helping organizations automate monitoring, extract meaningful insights, and accelerate incident response. Lumana’s hybrid-cloud architecture combines modern video security hardware, cloud-based software, and cutting-edge AI analytics in a scalable, easy-to-use system. Backed by Wing Venture Capital, Norwest, and S Capital, Lumana unlocks the power of video data to improve security, safety, and operational efficiency. Founded in 2021, Lumana is headquartered in Los Gatos, CA. Learn more at www.lumana.ai

Contact
Lumana Press Team
[email protected]

SOURCE Lumana

Convergen Secures $10 Million Seed Funding to Advance TrimTAC Platform for Neurodegeneration & beyond

SUZHOU, China, Dec. 8, 2025 — Convergen, a biotech company pioneering targeted protein degradation (TPD) therapies for diseases driven by pathological protein aggregates, today announced the closing of a $10 million Seed financing round. The round was invested by Qiming Venture Partners, a leading global venture capital firm focused on life sciences and healthcare innovation.

Funds from the financing will accelerate the development of Convergen’s proprietary TrimTAC platform—next-generation bifunctional degraders leveraging the E3 ubiquitin ligase TRIM21—and advance its early pipeline of therapies for neurodegenerative disorders and  diseases with massive unmet medical needs. 

TrimTAC: Addressing a Critical Gap in Targeted Protein Degradation 

Despite their transformative potential, traditional bifunctional degraders face two major hurdles: overreliance on a limited set of E3 ligases and, crucially, inability to selectively eliminate pathogenic multimeric protein aggregates—the root cause of many neurodegenerative diseases.

World-Class Scientific Foundation

Dr. Ting Han (Scientific Co-Founder of Convergen and Associate Investigator of NIBS, Beijing) is a globally recognized protein degradation expert whose pivotal work in the field includes elucidation of the mechanism of action of RBM39 degraders (Science 2017) and the recent discovery of TRIM21-based molecular glue degraders (Cell 2024, ACS Chemical Biology 2025).

Dr. Jinquan Sun, co-Founder of Convergen, said: “The seed financing—led by Qiming Venture Partners—validates TrimTAC’s potential to redefine treatment for diseases caused by pathogenic multimeric proteins. Together with Qiming, we will expand our expertise in TPD and CNS drug development, accelerate our pipeline toward clinical proof-of-concept, and deliver on our mission to help patients with limited treatment options.” 

Dr. Kan ChenPartner and Co-lead of Healthcare at Qiming Venture Partners, said: “Convergen’s TrimTAC platform addresses a critical gap in TPD—selective degradation of multimeric aggregates—that has held back progress in neurodegenerative diseases. The company’s world-class scientific foundation combined with its veteran leadership team, positions it to become a leader in advancing the next-generation protein degradation. We are proud to partner with Convergen and support its journey to bring transformative therapies to patients.” 

About Convergen 

Convergen is a biotech company pioneering TrimTAC—next-generation bifunctional degraders that leverage TRIM21 to selectively clear pathological multimeric proteins. Founded to address unmet medical needs in neurodegenerative disease and beyond, the company combines cutting-edge academic research with industry-proven drug development expertise to advance therapies for significantly unmet medical needs. 

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. It invests in outstanding companies in the Technology and Healthcare industries at the early and growth stages. To date, it has backed over 580 fast-growing and innovative companies. Over 210 of 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. For more, please visit www.qimingvc.com

SOURCE Convergen

Rotostitch Raises $1M in Pre-Seed Funding to Revolutionize Apparel Manufacturing

SAN FRANCISCO, Dec. 8, 2025 — Rotostitch, an innovative manufacturing startup in automated textile manufacturing technologies, announced today that it has raised $1M in an oversubscribed pre-seed funding round, led by Boost VC and Nova Threshold. The new capital will accelerate product development, scale manufacturing capabilities, and expand go-to-market efforts. “Rotostitch has the right team at the right moment,” said Emily Yu, investor at Boost VC. “We are particularly excited about their unique technical approach to tackle the apparel supply chain.”

Rotostitch is addressing a major transformation in the apparel industry: the shift to fully-automated, flexible manufacturing that shortens lead times and responds rapidly to fashion cycles. Rotostitch enables brands to move from concept to garment faster and more sustainably.

“This round enables us to bring our vision of smart, agile textile production into reality,” said Leah McClure, an ex-Tesla/Neuralink engineer and co-founder & CEO of Rotostitch. “With the backing of forward-thinking investors, we’re ready to revolutionize how apparel is made by reducing waste, increasing speed and giving brands a competitive edge.” 

Rotostitch Co-Founder and CTO Anson Tsang, a former Princeton materials science PhD candidate and ex-Tesla/Apple engineer will help co-lead the company’s hardware platform. “The company’s proprietary manufacturing process will deliver dramatically greater speed and versatility compared to today’s technologies. This will drive the adoption of sustainable fashion technology and automation across the industry.” Anson and Leah also emphasized that Rotostitch’s architecture will allow the system to evolve over time as customer needs and industry standards continue to shift.

The company’s mission is to make advanced automation accessible, supporting a more responsive, local and sustainable supply chain.

About Rotostitch

Founded by ex-Tesla/Neuralink/Apple engineers, Rotostitch is transforming apparel manufacturing powered by proprietary hardware and software. Its mission is to enable on-demand, high-flexibility manufacturing that meets sustainability goals and adapts at the speed of modern fashion.

For more information, visit https://www.rotostitch.com

Media Contact:
Leah McClure
Co-Founder of Rotostitch 
Email: [email protected]

SOURCE Rotostitch, Inc.

New Report: 130 Israeli Cyber Startups Funded in 2025, as Global Capital Surpasses Domestic Investment for the First Time

YL Ventures’ State of the Cyber Nation Report reveals multiple fundamental shifts as early stage funding surges and Israeli companies further assert dominance

SAN FRANCISCO and TEL AVIV, Israel, Dec. 8, 2025 — Global venture capital firm YL Ventures‘ 10th annual State of the Cyber Nation Report reveals that 2025 marks the first time global VCs both outpaced Israeli funds at every stage and became the leading source of seed capital for Israeli cybersecurity companies. The sector saw 130 total funding rounds spanning all stages, totaling $4.4 billion.

The report also highlights several additional fundamental shifts in the ecosystem, including a surge in seed and early-stage activity reflecting a new generation of founders focused on building category-defining companies rather than pursuing quick exits. An indication of increased ecosystem maturity, 2025 also saw the most ever acquisitions of Israeli companies by other Israeli companies, with numerous scale-ups acquiring early-stage startups.

“This year’s data tells a compelling story of maturation and ambition,” said Or Salom, Analyst at YL Ventures, who authored the report. “Israeli cybersecurity entrepreneurs are no longer just building great technology; the Israeli cybersecurity ecosystem is consistently producing category leading companies at global scale.”

Marking its tenth year, the report also covers a decade of growth in the Israeli cybersecurity industry, which saw a surge of over 500% in total funding over the period.

Key Findings from the YL Ventures’ 2025 State of the Cyber Nation Report:

Global Investment Leadership

  • US VCs now lead Israeli cyber investments across all stages
  • US VCs led 44 seed rounds, Israeli VCs led 35, and 13 seed rounds were co-led by US and Israeli VCs
  • Top-tier VCs including Sequoia, Mayfield, Greylock and General Catalyst doubling down on Israeli cyber
  • Split-seed strategy: Increasingly favored by cybersecurity founders seeking to ground their early trajectory with both an Israeli cybersecurity VC’s domain expertise while securing the scale, reach and long-term capital potential of leading global funds

Record Early-Stage Activity

  • 71 seed rounds in 2025, a 97% increase from 2023 and 42% increase from 2024
  • 33 Series A rounds and 17 Series B rounds, marking significant increases over previous years
  • The increase reflects a market in which founders enter with more mature strategies and investors are comfortable investing more, earlier

Homegrown Consolidation

  • Israeli cybersecurity companies acquired 12 domestic startups in 2025
  • Notable acquirers include Check Point, Cato Networks, Cyera, Pentera, and Orca Security
  • Demonstrates the maturation of Israeli companies into platform builders

Mega-Rounds Drive Growth

  • Cyera raised $540M in Series E funding
  • Armis raised $435M in Series E funding
  • Cato Networks raised $359M in Series G funding
  • Island raised $250M in Series E funding
  • Dream Security reached unicorn status with $100M in Series B funding

Hot Investment Categories

  • Security for AI leads seed round funding (12 companies vs. 8 in 2024)
  • Vulnerability & Risk Management dominates overall funding (20 companies)
  • Endpoint Security has seen dramatic growth, with 11 funding rounds this year compared to just one in 2024

2015-2025: A Decade of Comprehensive Analysis

  • Overall funding surged by more than 500% (from $689M to $4.4B)
  • Average Seed Round grew by more than 230% (from $2.9M to $9.6M)
  • Number of Seed Rounds rose by nearly 130% (from 31 to 71)
  • Number of rounds grew by over 80% (from 72 to 130)

The report also highlights several high-profile exits, including Wiz’s acquisition by Google and CyberArk’s acquisition by Palo Alto Networks, further validating the strength and maturity of the Israeli cybersecurity sector.

“After a decade of analysing every funding round and exit in this ecosystem, the trajectory in 2025 is unmistakable,” added Yoav Leitersdorf, Managing Partner at YL Ventures. “Israeli cybersecurity now operates at a scale, pace and level of consistency that surpasses anything we’ve seen. The question is no longer how much Israeli cybersecurity companies can scale, but rather how fast.”

The full YL Ventures State of the Cyber Nation 2025 report, including all data updated through the end of the year, will be published on January 7, 2026.

To see key findings and register to get the full report when it goes live, visit: stateofcybernation.ylventures.com

About YL Ventures

YL Ventures is a venture capital firm dedicated exclusively to cybersecurity. For nearly two decades, the firm has partnered with top Israeli founders from inception, helping build category-leading companies that define the market. With offices in Silicon Valley and Tel Aviv and $800M under management, YL Ventures provides access to an unrivaled network of CISOs and industry leaders, shaping the next generation of Israeli cybersecurity innovation. Repeatedly recognized by PitchBook and TIME magazine for both performance and influence, YL Ventures stands at the forefront of cybersecurity venture capital.

Learn more at www.ylventures.com

Media Contact
Zack Rothbart, Concrete Media
[email protected]

SOURCE YL Ventures

Corma Announces €3.5M Seed Round to Revolutionize Software License and Access Governance

Corma helps teams manage their internal software stack, limiting bloat, reducing costs, and improving efficiency.

PARIS, Dec. 8, 2025 — Corma, a SaaS management solution to help IT teams control software overload, has raised €3.5 million in Seed funding to continue its mission to solve the complex and expensive internal software management problem. The round was led by XTX Ventures with follow-on investments from Tuesday Capital, Kima Ventures, 50 Partners, and Olympe Capital. The funding will be used primarily for product development, AI buildout, and commercial expansion.

The average internal software stack has grown tenfold in the past eight years (from 8 apps in 2015 to 112 in 2023), becoming a significant drag on productivity and financial performance that will only get worse with AI. Additionally, calculating the cost of a software portfolio is challenging and constantly evolving due to company growth, workforce expansion, new service subscriptions, and shifting business models.

“We see teams everywhere that are overwhelmed by the number of apps they need to manage every day. They lose money left and right, spend their day on operational tasks instead of strategic initiatives. At the same time, the risks of data leaks and access abuse increases every day with the rise of Shadow AI and the overall permission sprawl,” says Corma co-founder and CEO, Héloïse Rozès.

With an increasing amount of software to manage internally, IT departments are unaware of how many apps are in use, how much they pay for them, and whether or not they’re useful. Corma’s specialized agents collect key information such as license renewal terms, authorized users, and usage metrics, enabling data-driven software investment decisions that reduce total spend by up to 20% and save hundreds of hours on provisioning and access reviews.

“Organizations are increasingly inundated with new software, resulting in unchecked SaaS adoption and spend, rather than the promised productivity and efficiency gains,” said Ethan Imboden, Partner at Tuesday Capital. “Corma restores visibility and control to leadership and IT teams, providing the critical tools and insights growing companies need to thrive in the AI era.”

With a 4.8/5 customer satisfaction rating on Gartner and a diverse user base which includes companies such as Brevo, Owkin, Mobilexpense, Skello, Hack The Box, and Brut, Corma was selected as the youngest company in this year’s Gartner’s Magic Quadrant in SaaS Management as well as the vendor with the highest speed of shipping new features.

About Corma
Founded in 2023 in Paris, France, Corma is redefining how small and mid-size companies understand, manage, and optimize their software spend. Created in response to widespread software sprawl and rising AI complexity, Corma offers clarity, efficiency, and the foundation needed to boost productivity. Built with an international vision from the start, Corma enables teams to work better, focus on what matters, and thrive in the age of AI. For more information, visit Corma’s website: https://www.corma.io/

Media Contact:
Héloïse Rozès
208-614-4049

SOURCE Corma

OODA AI: Actionable Intelligence Powered by Advanced Retrieval-Augmented Generation

WASHINGTON, Dec. 8, 2025 — OODA, a leader in strategic advisory and research at the intersection of technology, national security, and business, is pleased to announce the launch of OODA AI, a powerful new capability that provides members with direct, AI-enabled access to the full depth of OODA’s intelligence and research archive.

Built on advanced retrieval-augmented generation (RAG) architecture, OODA AI allows users to query across the entire corpus of OODA content, including long-form research and analysis on artificial intelligence, cybersecurity, energy technology, biotechnology, defense innovation, disruptive technology companies, and geopolitical risk. By combining state-of-the-art AI summarization with OODALoop.com curated research, the system delivers precise, actionable insights backed by authoritative sources.

Key Features of OODA AI include:

  • AI-Powered Summarization Across All OODA Content: From executive briefs to deep-dive reports, OODA AI instantly distills complex analysis into concise, decision-ready insights.
  • Vetted Source Linking: Every AI-generated response includes direct links to the underlying OODA research that informed the result, ensuring transparency and verifiability.
  • Real-Time Intelligence Advantage: Continuous ingestion of new OODA reporting ensures users are accessing the most recent and relevant insights into fast-moving domains like AI, quantum computing, space, biotech, and global security.
  • Conversational Analysis: Members can interact with OODA AI in natural language, refining queries and drilling down into key issues without needing to form complex queries or manually read through large numbers of results.
  • Contextual Accuracy via RAG: By leveraging retrieval-augmented generation, the system grounds responses in the exact content of OODA’s vetted research, minimizing hallucination risk and preserving analytic rigor.
  • Cross-Domain Insight Integration: OODA AI surfaces connections across technology, business, and geopolitical analysis to highlight emerging patterns, opportunities, and risks.
  • Scalable Intelligence for Executives and Analysts: Whether for board-level briefings, policy planning, or operational decision-making, OODA AI empowers leaders with trusted, context-rich intelligence at speed.

“OODA AI represents a major step forward in making our research more accessible, actionable, and transparent,” said Matt Devost, CEO of OODA. “Capitalizing on over 20 years of human analysis and curation and combining it with the latest generation of AI technology we are equipping our members to make faster, better-informed decisions in an era defined by disruptive technology and global competition.”

OODA AI leverages the powerful capabilities of Vectara, a trusted leader in secure neural information retrieval and generation, to deliver grounded, contextually accurate answers with links to the exact OODA research that informed them. This ensures results that are both highly useful and transparently sourced.

Commenting on the deployment of this enterprise-grade application, Eva Nahari, Chief Product Officer of Vectara, added “OODA’s adoption of Vectara to power OODA AI demonstrates how expert human judgment and retrieval–augmented GenAI together can give decision–makers a faster path from question to defensible, well-cited answer.”

OODA AI is now available to members of the OODA Network as part of the community’s growing suite of tools for anticipating change and seizing opportunity.

For more information or to experience OODA AI, visit www.oodaloop.com.

About the OODA Network
The OODA Network is a membership community designed for forward-thinking leaders navigating the convergence of technology, risk, and opportunity. Through exclusive research, events, and peer engagement, members gain the insights and connections needed to anticipate change and act decisively in a rapidly evolving world.

Media Contact:
OODA LLC
888-OODA-911
[email protected]
www.oodaloop.com

SOURCE OODA LLC

Scowtt Raises $12M Series A to Transform Performance Marketing with AI-Powered Advertising Platform

Seattle-Based Startup Delivers Breakthrough Results for Enterprise Advertisers, Driving +50% Increase in Conversions Through Predictive AI Technology

SEATTLE, Dec. 8, 2025Scowtt, the AI-powered advertising optimization platform, today announced it has raised $12 million in Series A funding led by Inspired Capital, alongside LiveRamp Ventures, Angeles Investors, and Angeles Ventures.

Founded in 2024, Scowtt is revolutionizing the $300 billion performance marketing market by using advanced predictive AI models to transform how advertisers optimize their paid campaigns across all major platforms. Unlike traditional advertising technology that relies on proxy signals and backward-looking data, Scowtt leverages customers’ first-party CRM data to create predictive, real-time signals that dramatically improve advertising performance—without requiring any organizational change or new platform adoption.

Scowtt is already delivering exceptional performance gains for brands by turning CRM stages into a durable, predictive advantage for paid media: LaserAway achieved a 59% increase in Purchase ROAS after activating Scowtt’s predictive models on top of its first-party CRM data, shifting optimization from platform proxies to real purchase likelihood; Advanced Hair Restoration boosted Purchase ROAS by 64% by unlocking CRM pipeline stages with Scowtt’s predictive models, enabling stage-based predictions that identify the leads most likely to convert into high-value customers; and a leading Education advertiser drove 38% ROAS growth by modeling enrollment propensity from CRM lifecycle signals, generating new real-time inputs that improved performance across search and social.

“After spending nearly two decades building advertising platforms at Meta, Google, and Microsoft, I saw firsthand the fundamental limitations of how enterprise advertising works today,” said Eduardo Indacochea, CEO and Founder of Scowtt. “These scaled platforms are optimized for the success of the platform at the network level, not the growth needs of individual advertisers. We built Scowtt to bridge that gap. We use cutting-edge AI to unlock the full potential of customers’ first-party data and deliver the kind of performance that simply wasn’t possible before. This is the future of performance marketing.”

Scowtt’s approach enables advertisers to acquire customers more efficiently, and Scowtt delivers measurable impact without disrupting existing workflows. The platform works across virtually every major advertising channel—search, social, and media—operating passively in the background once activated.

Scowtt’s long-term vision goes beyond better ad optimization. The company is building an operating system for growth, a closed-loop system where businesses automate marketing performance using CRM intelligence while also deploying Agentic AI to identify and complete sales.

In a post-cookie advertising landscape where traditional “look-alike” targeting has become less effective, Scowtt’s AI-driven algorithms analyze customers’ proprietary CRM data and other first-party sources to predict which leads will convert into valuable customers. This predictive approach represents a fundamental shift from the reactive, proxy-based optimization that has defined digital advertising for the past two decades.

“The Scowtt team represents the absolute best of enterprise advertising technology,” said Lucy Deland, General Partner at Inspired Capital. “The founding team has spent decades building and selling the advertising platforms that power today’s digital economy. They understand both the technical architecture of these systems and the real challenges advertisers face. We believe Scowtt is the next generation of adtech.”

About Scowtt
Scowtt is an AI-powered advertising optimization platform that helps enterprise advertisers maximize the performance of their paid campaigns across all major advertising channels. By leveraging first-party CRM data and predictive AI models, Scowtt delivers real-time signals to advertising platforms that dramatically improve lead quality, reduce customer acquisition costs, and accelerate revenue growth. Founded in 2024 and headquartered in Seattle, WA, Scowtt is backed by Inspired Capital, LiveRamp Ventures, Angeles Investors, and Angeles Ventures. For more information, visit www.scowtt.com.

SOURCE Scowtt Inc

Canadian Fintech Tuhk Inc., Founded by Ethoca and NuData Security Veterans, Raises US$6 Million Seed Round Led by FINTOP, with Lloyds Banking Group and Capital One Ventures

TORONTO, CANADA, Dec. 8, 2025 – Tuhk Inc., a fintech startup founded by Ethoca and NuData Security veterans, secured US$6 million in seed funding led by FINTOP, with participation from Lloyds Banking Group and Capital One Ventures. The platform aims to revolutionize payments by enabling secure, real-time collaboration among merchants, banks, and service providers to combat the global US$10.5 trillion cybercrime threat.

Tuhk’s distributed platform transforms fragmented data into a cohesive intelligence network, designed to proactively neutralize fraud, maximise transaction approvals, reduce chargebacks, and streamline dispute resolution – all of which supports better service for genuine customers. The funding will be used to supercharge Tuhk’s imminent launch in the UK, US, and Canada alongside major banks and merchants, delivering rapid validation through real-world deployments that showcase its fraud-fighting prowess against first-party fraud and misuse. Tuhk’s go-to-market strategy will expand globally, deepening integrations with financial systems to enhance risk decisioning and customer experiences while fortifying the ecosystem against emerging threats.

“This funding round represents an important milestone for Tuhk, and we are grateful for the support from partners like Lloyds Banking Group, Capital One Ventures, and FINTOP,” said Andre Edelbrock, Tuhk Co-Founder and CEO. “Their investment reflects shared confidence in our approach and provides valuable strategic guidance as we advance our work together. The capital will accelerate development of our collaborative technology platform, designed to connect financial institutions and businesses in real time. By enabling secure data exchange and coordinated decision-making, the platform helps reduce fraud losses, streamline dispute resolution, and support faster, more reliable payment approvals. With these resources, we look forward to expanding the platform’s reach and delivering practical, scalable solutions that strengthen the global payments ecosystem.”

“Collaboration is the only way we combat the increasing global threat of fraud and stop it from happening in the first place,” said Liz Ziegler, Fraud Prevention Director at Lloyds Banking Group. “By accelerating the secure sharing of data and information, we’ll collectively be in a far stronger position to stop the bad actors whilst ensuring a safer system for our customers.”

Robin Scher, Head of Fintech Investment at Lloyds Banking Group, stated, We’re pleased to support Tuhk’s growth through this investment, helping them strengthen their presence in the UK and lay the foundations for future expansion. This partnership reflects our shared commitment to developing innovative tools and harnessing cutting-edge technology to enhance the industry’s ability to tackle financial crime and protect customers.”

Nathan Krishnamurthy, partner at Capital One Ventures, added, “Tuhk has a bold vision to redefine fraud prevention through collaboration. It unlocks a powerful multiplier to help prevent credit card fraud and disputes, by connecting signal data for scaled impact across the payments landscape.”

John Philpott, General Partner at FINTOP, said, “Tuhk’s real-time collaboration platform is a masterclass in that by uniting merchants, banks, and service providers against fraud‘s relentless evolution, Tuhk doesn’t just defend; it redefines resilience, unlocking scalable growth for the entire payments stack.”

Tuhk is poised to scale impact, uniting stakeholders to tackle fraud‘s evolution and drive growth across the payments landscape.

About Tuhk 
Tuhk (pronounced ‘tuck’) is the pioneering real-time data collaboration platform redefining fraud prevention and payments efficiency for merchants, banks, and service providers worldwide. Founded in 2025 by veterans from Ethoca and NuData Security, Tuhk transforms siloed data into a unified intelligence network, enabling proactive threat detection, elevated transaction approvals, and seamless resolutions—all while scaling secure, frictionless commerce against the $10.5 trillion cybercrime crisis.

Notes to Editors:

The $10.5 trillion estimate is sourced from Cybersecurity Ventures, as referenced in the article ‘Cybercrime to Cost the World $12.2 Trillion Annually by 2031′.

SOURCE Tuhk Inc.