While most AI in financial services remains advisory, LUMIQ has built the layer that owns the decision — autonomous, auditable AI agents making regulated calls in production at leading banks, insurers, and capital markets firms. Today, LUMIQ serves clients across India, the United States, and Southeast Asia — leading institutions across insurance, banking, and capital markets.

NEW YORK and SINGAPORE, June 19, 2026 — LUMIQ, an AI-native financial services company, today announced a strategic funding round to scale auto-decisioning for financial institutions across the United States and Southeast Asia. The round was led by Bajaj Finserv, one of India’s largest and most diversified financial services groups, with participation from existing investor Info Edge Ventures.

Right now, thousands of customers are waiting for a policy to be issued, a loan to be disbursed, a claim to be adjudicated, because somewhere an FSI employee is drowning in decisions, held back by the risk of getting it wrong. Today, when e-commerce delivers the same day, banks and insurers still decide in weeks. We built LiteCone to take that burden: AI decides the routine cases, completely and accountably, so humans spend their judgment on the one case that actually needs it. This round lets us bring that to every financial institution in the markets that matter most.
Shoaib Mohammad, Co-founder and CEO, LUMIQ

From AI that assists to AI that decides

For decades, financial institutions have bought technology that made their people faster — faster data, faster scoring, faster copilots. The decision still landed on a human. LUMIQ is changing that. Through its LiteCone platform, the company deploys AI agents that read the file, apply the institution’s own guidelines, and reach the decision end to end — escalating only the cases that genuinely require human judgment. The output is not a recommendation. It is a decision, with full reasoning attached, cross-referenced to policy, and defensible under audit.

The results in production speak clearly. At a leading life insurer, LUMIQ’s LEO agent decides 75–80% of underwriting cases with zero human touch, reduced policy issuance cost by roughly 25%, and compressed turnaround from days to under eight minutes — running 24×7 with complete auditability. Across its client base spanning insurance, banking, and capital markets in India, the US, and Southeast Asia, LUMIQ now processes millions of decisions annually.

LiteCone turns a real financial-services role into a working AI agent in weeks. Every agent we deploy is consistent, explainable, compliant, and auditable by design — not as an afterthought. This capital lets us go deeper on the platform and broader across roles. And through our cloud and AI lab partnerships, institutions will increasingly find LiteCone already embedded in the platforms they run today.
Vaibhav Dobriyal, Co-founder and Chief Product Officer, LUMIQ

This round funds four priorities: expanding go-to-market in the US and Southeast Asia; deepening LiteCone’s decisioning capabilities; extending the agent workforce across more financial-services roles; and building a partnership ecosystem with cloud hyperscalers, AI labs, and core banking and insurance platforms so LiteCone is embedded where institutions already run.

LUMIQ’s investors backed the round for the same reason its customers adopt LiteCone: agents already deciding in production, with auditability and control built in.

As a financial-services group, we know how much rests on getting regulated decisions right, at speed and at scale. LUMIQ has built AI agents that decide in production with auditability and control built in, the capability the industry has been moving toward. We are proud to lead this round and to support the team’s expansion across the US and Southeast Asia.
Lakshmi Iyer, Group President – Investments & CEO, Bajaj Alternates

Our conviction is grounded in what LUMIQ has already built. Their AI agents aren’t just built for the future. They are operating in production today, at speed. This combination is rare, and its value will only compound as the company scales globally.
Girish Jhunjhunwala, Fund Manager – PE and VC Investments, Bajaj Alternates

Financial services is one of the hardest categories to crack — regulated, risk-averse, and unforgiving of hype. LUMIQ has put agentic AI into live financial-services workflows and earned the trust of large institutions across the US, Southeast Asia and India. That is how a category-defining company in financial-services AI gets built, and we are proud to keep backing the team as they scale globally.
Kitty Agarwal, Partner, Info Edge Ventures

LUMIQ’s goal is to lead one category: auto-decisioning at production scale for financial services. Agents that act, not assist, and never compromise audit, compliance, or predictability.

About LUMIQ

LUMIQ is an AI-native financial services company. Through its LiteCone platform and a growing workforce of production AI agents, LUMIQ turns real financial-services roles — insurance underwriter, credit underwriter, claims adjudicator — into agents that are consistent, explainable, compliant, and auditable. The company pairs deep domain expertise across banking, insurance, and capital markets with frontier AI. LUMIQ employs over 350 AI and data specialists, and has offices in New Jersey, Singapore, and Delhi NCR (India).

Web: www.lumiq.ai

Photo – https://mma.prnewswire.com/media/2997283/LUMIQ_Funding.jpg

SOURCE LUMIQ

Affordable Virtual Assistant ecosystem for startups, mompreneurs, entrepreneurs, gradpreneurs and influencerpreneurs.

The announcement comes as entrepreneurship continues to shift toward a more personal, digital, creator-led and solo-driven economy. Across the country, founders are building businesses from home offices, kitchen tables, college campuses, content platforms, and side hustles. Yet many of these entrepreneurs are still running their businesses through inboxes, spreadsheets, direct messages, and memory.

Affordable Virtual Assistant is addressing that gap by giving solo founders an affordable operating layer before they are ready to build an internal team. The company’s model is designed to help entrepreneurs organize customer records, follow up with leads, manage administrative tasks, improve scheduling, support website needs and create repeatable workflows.

     “Solo founders are not short on ambition,” said Varun Khanna, Founder of Affordable Virtual Assistant. “They are short on operational capacity. The market has plenty of virtual assistant providers selling      hours. We built Affordable Virtual Assistant to give entrepreneurs their first operating layer — the people, custom and affordable technology systems, and follow-up automations that they need to run like a      real company before they can afford to hire a full team.”

The need for this type of support is growing as new founder segments reshape small business ownership. Women-owned businesses now represent a major share of the U.S. business landscape and generate trillions in annual revenue. Younger founders are also entering entrepreneurship at high rates, while creator-led and solo businesses continue to turn personal brands, services, content and digital products into real companies.

Affordable Virtual Assistant’s Solopreneur Operating System is built for this new founder class:

• Mompreneurs who are balancing family, business growth, customer communication, scheduling, marketing, operations, and daily administrative demands.
• Influencerpreneurs who are turning content, audience attention, brand partnerships, affiliate income, digital products and services into businesses that require systems behind the scenes.
• Gradpreneurs who are launching ventures earlier and need affordable support with research, organization, outreach, follow-up and digital presence.
• Solopreneurs who are managing sales, service delivery, admin, CRM updates, customer communication and online visibility without a team.

Unlike traditional virtual assistant companies that focus primarily on completing hourly tasks, Affordable Virtual Assistant positions its service as a business support ecosystem. The company’s approach combines people, process and practical technology tools so founders can move from scattered daily activity to a more consistent operating rhythm.

     “Entrepreneurs are constantly told to start, scale and build their brands, but many are still operating without the basic technology and AI infrastructure that larger companies take for granted,” added Varun      Khanna. “The next evolution of virtual assistance is not just performing tasks. It is helping founders create operating consistency using affordable customized technology and AI to scale.”

Affordable Virtual Assistant’s model includes virtual assistant support, CRM assistance, lead follow-up, administrative help and website support, with transparent monthly plans designed to make structured business support accessible before founders are ready to hire internally.

For mompreneurs, that can mean support with inboxes, scheduling, customer records and follow-up while protecting time for family and growth. For influencerpreneurs, it can mean organizing brand inquiries, content administration, CRM updates and business opportunities. For gradpreneurs and young founders, it can mean having a first support system before they are ready to make a first hire. For solopreneurs, it can mean moving from hustle to a more organized and scalable business foundation.

The company’s message to the market is clear: virtual assistance should not be limited to busywork. For today’s solo founder, the right support system can become the bridge between ambition and operational growth.

Affordable Virtual Assistant serves early-stage business owners, coaches, consultants, creators, local service providers, online sellers, startup founders and professionals who need reliable support without the cost of building a full internal team.

For more information, visit AffordableVirtualAssistant.com.

About Affordable Virtual Assistant
Affordable Virtual Assistant helps solopreneurs and small business owners move from idea to income with virtual assistant support, CRM assistance, lead follow-up, administrative support, website help and operational workflows. Built for founders who need affordable business infrastructure before they are ready to hire a full internal team, Affordable Virtual Assistant provides practical support for the new generation of solo business owners.

Media Contact

Varun Khanna
Affordable Virtual Assistant
Email: [email protected]
Telephone: (424) 502-1324
Website: AffordableVirtualAssistant.com

SOURCE Maandukya Corporation

True Ventures Leads $2.5 Million Seed+ Round to Bring Patented Handheld AI-enabled Endoscopic Robotic Platform to Physicians

SAN DIEGO, June 18, 2026 — Channel Robotics, a developer of a first-of-its-kind handheld endoscopic robotic platform, today announced the successful close of a $2.5 million Seed+ financing round led by True Ventures, a leading early-stage venture capital firm known for backing transformative technology companies. The financing brings the company’s total capital raised to $4.6 million, supporting continued product development, regulatory advancement, and preparation for commercialization.

The Seed+ financing follows the successful close of the company’s $2.1 million Seed round, which included participation from Defined Ventures and Old Line Capital Partners. Together, these investments provide Channel with the capital and strategic support needed to advance its technology toward broader clinical adoption.

The financing syndicate brings together investors with deep expertise in healthcare, medical technology, and company building. True Ventures has a long track record of partnering with visionary founders developing transformative technologies, while Defined Ventures and Old Line Capital Partners provide specialized support for healthcare innovation and long-term company growth.

Advancing a New Category in Endoscopic Robotics

Channel Robotics is developing a patented handheld AI-enabled endoscopic robotic platform designed to deliver robotic-level dexterity through existing flexible endoscopes. By eliminating the need for large, capital-intensive robotic systems, the technology aims to expand access to advanced endoscopic procedures across hospitals, ambulatory surgery centers, and community practice settings.

“Our mission is to democratize access to advanced endoscopic robotics,” said Michael Yip, PhD, co-founder of Channel Robotics. “This financing enables us to continue building a platform that can bring sophisticated robotic capabilities to physicians in a practical, scalable, and cost-effective way.”

Capital to Support Key Development and Regulatory Milestones

The financing will support several critical milestones, including:

• Continued refinement and validation of the company’s prototype platform
• Expansion of engineering and product development efforts
• Preparation for FDA submission targeted for 2027
• Advancement of manufacturing and quality systems
• Commercial launch preparation following regulatory clearance

“Mike and Philip are a rare combination of deep clinical experience and expertise combined with robotics which enables practical solutions for an unprecedented number of clinics and physicians. Their innovation solves serious robotics challenges in service of human health, and we are honored to be a part of their journey,” Rohit Sharma, Partner at True Ventures.

“With the support of True Ventures and our existing investors, we are well-positioned to accelerate development and bring this technology to clinicians and patients,” said Philip Weissbrod, MD, co-founder and CEO of Channel Robotics. “We believe the future of endoscopic robotics will be defined by solutions that are more accessible, easier to adopt, and capable of reaching far more patients than traditional robotic systems.”

About Channel Robotics

Channel Robotics is a San Diego-based medical technology company developing a next-generation endoscopic robotic platform designed to enhance physician dexterity and expand access to advanced minimally invasive procedures. Founded by a physician-scientist Dr. Philip Weissbrod and roboticist Dr. Michael Yip, the company is focused on creating practical, scalable robotic solutions that integrate seamlessly into existing clinical workflows. Channel’s technology combines novel robotic instrumentation, intuitive control systems, and artificial intelligence to enable more precise and accessible endoscopic interventions.

Media Contact:
Carolena Deutsch-Garcia
Channel Robotics, Inc.
[email protected]
www.channelrobotics.com

SOURCE Channel Robotics

BOSTON, June 18, 2026 — Connie Health, the nation’s leading AI-native Medicare navigation platform, today announced the completion of its acquisition and integration of Clearlink’s Medicare business. By powering local, trusted agents with proprietary AI and intelligent automation platforms, the company continues to advance its mission to deliver a simpler, more personalized, and more effective experience for seniors navigating Medicare. The result: older Americans save money and get better care.

Clearlink marks Connie Health’s 10th completed acquisition, highlighting the company’s unique capability to leverage its AI native technology platform to seamlessly integrate and scale major books of business. Connie Health has accelerated its M&A strategy with a recent $40 million Series B financing, led by HealthQuest Capital with participation from JSL Capital, along with existing investors Khosla Ventures, aMoon, and Pitango HealthTech. This latest round brings the company’s total funding to date to $85 million, strengthening Connie Health’s balance sheet and providing the financial agility to pursue transformative acquisitions that drive long-term national growth.

“The infrastructure we’ve built makes Clearlink’s scale a perfect fit for Connie Health. The precise combination of our advanced technology platform and our local agent model gives us the unique ability to seamlessly absorb, support, and maximize a massive book of business of this magnitude without losing the personal touch seniors deserve,” said Oded Eran, CEO of Connie Health. “We’re especially grateful for our partnership with HealthQuest Capital, which has enabled us to move decisively on opportunities like this.”

Beyond consumer navigation, Connie Health is rapidly deepening its role as a strategic partner to Accountable Care Organizations (ACOs), health systems, and risk-bearing provider groups. By connecting Medicare beneficiaries to optimal health plans earlier and more accurately, Connie helps value-based care partners improve member attribution, close coverage gaps, and support the critical quality metrics that drive performance in risk-based contracts. Through this deep integration, Connie is establishing itself as the trusted Medicare platform partner for risk-bearing organizations, rather than just a distribution channel.

HealthQuest Capital, a growth-oriented healthcare investment firm, led Connie Health’s Series B round last year, recognizing the company’s differentiated approach to Medicare at a time of rapid market growth. “Medicare continues to be one of the most important and complex segments of healthcare,” said Randy Scott, Partner at HealthQuest Capital. “Connie Health stands out for its ability to blend sophisticated technology with a strong human element, ensuring members get the right information and personal support when it matters most. “

With the integration of Clearlink complete, Connie Health will continue aggressively investing in its agent network, acquisitions, its AI-driven tech platform, and its deep partnerships with value-based care providers—all focused on delivering better outcomes and experiences for Medicare beneficiaries nationwide.

About Connie Health
Connie Health is an AI-enabled Medicare platform that helps seniors navigate healthcare. Connie’s network of local trusted agents helps seniors find and enroll in the right health coverage through Connie’s proprietary technology platform. By simplifying Medicare decisions and providing ongoing support, Connie Health delivers a more personalized, transparent, and human-centered experience.

About HealthQuest Capital
HealthQuest Capital is a private asset firm that provides capital to transformative healthcare companies. HealthQuest Capital focuses on commercial prospects that drive enhanced patient outcomes and elevate the efficiency of healthcare delivery. With approximately $2 billion in committed capital, the firm focuses on fostering innovation across the healthcare spectrum, including medical technologies, diagnostics, digital health, and innovative services. The HealthQuest Capital team combines decades of investing experience with domain expertise in the various aspects of the healthcare industry. For more information, visit www.healthquestcapital.com.

SOURCE Connie Health

WINTER PARK, Fla., June 18, 2026 — Cuprum Metals Inc., a Delaware-based technology company, today announced the close of a US$19.4M Series A funding round led by the Lundin Family Office, and supported by Woodline Partners and BHP Ventures.

The capital will support the scaling of Cuprum Metals’ patented leaching technology, which has demonstrated strong performance in pilot campaigns across primary, secondary and oxide ores in both heap leach and vat leach systems.

Cuprum’s approach uses a water-based chemical leach, with the flexibility to operate using sea water, to achieve high recovery rates at significantly faster processing times. This process enables effective leaching of chalcopyrite and other minerals that have historically been difficult to leach, whilst reducing both operating and capital costs. Roger Pettman, PhD, DSc, Founder, Chairman and Chief Executive Officer stated, “With support from our investors, we are now focused on scaling the technology and expanding its application across a broader set of copper assets.”

Quotes

“As the Lundin Family Office, we are pleased to be leading this investment in Cuprum Metals and support the advancement of a leaching technology that has the potential to deliver meaningful benefits across the copper industry. As demand for copper continues to grow, technologies that can unlock greater value from existing resources and improve operating efficiency will play an increasingly important role. We look forward to supporting Cuprum’s continued development alongside Woodline Partners and BHP Ventures.”

“Technologies that can unlock more value from existing resources and improve processing efficiency are an important focus for BHP Ventures,” said Laurel Buckner, Vice President, BHP Ventures. “Cuprum Metals’ approach to chemical leaching has the potential to expand recovery pathways and support more flexible development options across different ore bodies.”

“Woodline is pleased to support Cuprum in advancing what we believe to be one of the most flexible solutions to the copper industry’s supply gap. From sulfide ores to smelter slags and tailings, we have been impressed by Cuprum’s ability to rapidly recover copper from a diverse range of feedstocks without the use of heat or biological processes. We look forward to supporting the team as they continue to build and scale this innovative approach,” said Andrew Pizzi, Portfolio Manager, Woodline Partners.

Technology Results

Cuprum’s technology has been demonstrated to be effective at room temperature and pressure with sulfide ores. Recoveries typically exceed 75% from predominantly chalcopyrite ore within 100 days. Cuprum is ore-agnostic and is also effective with oxide ores, while consuming less acid compared to the standard oxide leach processes. Test work has been conducted on mines around the world including South Africa, US, Chile and Australia, all with excellent results.

Cuprum’s technology is also applicable to primary sulfide and secondary sulfide tailings, with testing demonstrating strong recoveries. This eliminates the need for heating and creates new pathways to recover copper from previously processed materials, supporting more efficient use of existing resources.

The funding will support continued commercial deployment, expansion of technical capabilities, hiring of key personnel and the continued growth of the company’s customer base.

About Cuprum Metals

Cuprum Metals Inc. was founded in 2024 by a team of experienced chemical professionals who approached this from a chemistry and chemical engineering perspective rather than from a mining or metallurgy viewpoint. Using reactions from industrial chemical production, it developed the technology from a very practical perspective based on chemical manufacturing used at industrial scale. The technology is a “chemical tool kit” which can be fine-tuned to work on a variety of ores and tailings.

Contact Information

For Inquiries, please contact Roger Pettman: [email protected]

Company Website: https://cuprummetals.com

SOURCE Cuprum Metals

New corporate venture capital platform will invest to advance therapeutics, technologies and One Health solutions

INDIANAPOLIS, June 18, 2026 — Elanco Animal Health Incorporated (NYSE: ELAN) today announced plans to establish Elanco Ventures, a dedicated corporate venture capital (CVC) platform designed to support, invest and advance innovation in animal health.

To be backed by a $25 million multi-year commitment, Elanco Ventures will initially focus on strategic investments in therapeutic advancements and supportive technologies across the animal health sector.

“From pets to protein – the animal health industry has never been more relevant than it is today,” said Jeff Simmons, President and CEO of Elanco. “Innovation is happening outside of the boundaries of any single company. Elanco Ventures allows us to strategically leverage the startup landscape to expand our visibility into a range of emerging technologies that help us meet pet owners’ evolving expectation of care and the increasing global demand for protein.”

While primarily focused on animal health, the fund may also explore opportunities within the broader One Health landscape. It will also leverage the proximity of partnerships within the One Health Innovation District in Indianapolis, anchored by Elanco and Purdue University, and designed to bring together life sciences, researchers, and entrepreneurs in one place to break innovation barriers and accelerate progress.

“Elanco Ventures embodies our commitment to partnership and innovation,” said Tim Bettington, Executive Vice President, Center of Strategic Growth at Elanco. “By identifying promising startup technologies and collaborating with the One Health Innovation District, we are better positioned to fast-track innovation that can redefine the future of animal health.”

Launching in late 2026, Elanco Ventures will be overseen by Eric Steager, an experienced CVC leader, and focus on early-stage companies, prioritizing Pre-Seed, Seed and Series A stages of development.

About the One Health Innovation District
The One Health Innovation District is a first-of-its-kind, purpose-built ecosystem where animal, human, and plant health intentionally converge in one connected place. Anchored by industry, research, diagnostics, care, commercialization, and talent, the district is designed to accelerate discovery to delivery and advance the future of One Health through speed, connection, and shared purpose.

ABOUT ELANCO
Elanco Animal Health Incorporated (NYSE: ELAN) is a global leader in animal health dedicated to innovating and delivering products and services to prevent and treat disease in farm animals and pets, creating value for farmers, pet owners, veterinarians, stakeholders and society as a whole. With 70 years of animal health heritage, we are committed to breaking boundaries and going beyond to help our customers improve the health of animals in their care, while also making a meaningful impact on our local and global communities. At Elanco, we are driven by our vision of Food and Companionship Enriching Life and our purpose – all to Go Beyond for Animals, Customers, Society and Our People. Learn more at www.elanco.com.

Investor Contact: Tiffany Kanaga (765) 740-0314 [email protected]
Media Contact: Colleen Parr Dekker (317) 989.7011 [email protected]

SOURCE Elanco Animal Health

Dream reaches a $3 billion valuation, the sovereign AI infrastructure that governments fully own

TEL AVIV, Israel and VIENNA, June 18, 2026 — Dream, the sovereign AI and cyber defense company for governments and critical infrastructure, today announced a $260 million funding round, bringing Dream’s value to $3 billion just three years after its founding.

The round was co-led by Bicycle Capital and Group 11, with participation from Antler, Bain Capital Ventures, Tru Arrow Partners, and other global investors. The financing follows nearly $300 million in total contract value secured since Dream began commercial operations in late 2024. The new capital will accelerate deployment of Dream’s sovereign AI and national cyber defense platforms across Europe, the Middle East, Asia, and the Americas.

For decades, governments invested in roads, power grids, communications networks, and defense systems. These systems became the foundation of economic growth, national security, and geopolitical power.

Artificial intelligence is becoming the next critical infrastructure. Yet most governments do not control the AI systems they increasingly depend on. They rely on models built by foreign companies. Infrastructure they do not own. Technology that can be restricted, interrupted, or withdrawn. At the same time, the data that powers governments remains fragmented across ministries, agencies, and critical infrastructure.

As AI becomes central to national security, economic competitiveness, and public services, governments face a fundamental choice: depend on systems they do not control, or build capabilities they fully own. Dream was founded to eliminate that trade-off.

“Land created empires. Industry created nations. Artificial intelligence will create the next super nations,” said Shalev Hulio, Co-Founder and CEO of Dream. “Every nation has data. Few can protect it. Fewer can use it. Sovereign AI is the key. We built Dream to help governments secure their information, transform it into knowledge, and convert that knowledge into national capability. The future of a nation should never depend on technology it does not control.”

Sebastian Kurz, President and Co-Founder of Dream and former Chancellor of Austria, added: “The defining question for governments is no longer whether they will use AI, but whether they will own it. Nations that want to control their future need the ability to operate advanced AI under their own authority, on infrastructure they govern, and in alignment with their own interests. Sovereign AI is becoming a foundational layer of national resilience, competitiveness, and security. Countries that build and control their own AI capabilities will be better positioned to protect critical infrastructure, strengthen public services, improve decision-making, and safeguard their national interests.”

AI: The Next Strategic Government Infrastructure

Dream built three platforms to solve this challenge.

Sphere helps governments and critical infrastructure operators defend against nation-state cyber threats. The platform combines cyber intelligence, exposure management, attack path analysis, digital twin technology, and AI-powered detection and response into a unified national cyber defense system.

Hero is an autonomous AI security researcher that discovers vulnerabilities, identifies attack paths, and reasons like an adversary at machine speed to prevent the most sophisticated cyber threats. Hero continuously stress-tests defenses and helps governments identify weaknesses before attackers do.

Atlas is Dream’s sovereign AI platform. It enables governments to connect fragmented national data, transform information into structured knowledge, deploy mission-specific AI agents and models, and generate actionable insights entirely within secure government-controlled environments.

Together, these platforms allow governments to secure, understand, and use one of their most strategic assets: information.

Investor Perspective

“Governments around the world are increasingly seeking secure and sovereign ways to deploy artificial intelligence,” said Shu Nyatta, Co-Founder and Managing Partner of Bicycle Capital. “Dream has built a unique platform at the intersection of AI, cybersecurity, and government technology. The company is defining one of the most important technology categories of the coming decade.”

“We backed Dream at the seed stage and have led or co-led nearly every financing round since,” said Dovi Frances, Founding Partner of Group 11. “That is conviction, not coincidence. Dream is building critical infrastructure for the AI era, and we believe it is uniquely positioned to define this category globally.”

About Dream

Dream is the sovereign AI company for governments and critical infrastructure. The company helps nations secure their most sensitive information, transform fragmented data into actionable knowledge, and deploy advanced AI entirely under sovereign control. Founded in 2023 by Shalev Hulio, former Austrian Chancellor Sebastian Kurz, and Gil Dolev, Dream serves governments and critical infrastructure organizations across Europe, the Middle East, and Southeast Asia. The company employs approximately 350 people across Tel Aviv, Abu Dhabi, and Vienna, bringing together one of the world’s most experienced teams of AI, cybersecurity, intelligence, and government technology experts.

With this financing, Dream has raised $412 million to build the sovereign AI infrastructure governments fully own, control, and operate.

For more, visit www.dreamgroup.com.

Photo of the founders can be downloaded here.

Photo – https://mma.prnewswire.com/media/2997222/Dream.jpg

Media Contact
Raoul Wootliff
[email protected]

SOURCE Dream

ABU DHABI, UAE, June 18, 2026 — Robo.ai Inc. (NASDAQ: AIIO), a Nasdaq-listed UAE-based company, announced today that it has entered into an agreement to acquire 100% of the equity interests of QC Capital Limited (“Quantum Core” or “QC Capital”). Under the agreement, the total consideration for the proposed transaction is US$60 million, payable in newly issued Class B ordinary shares of Robo.ai. The consideration shares will be subject to a vesting and release schedule of up to eight years. The transaction is expected to close within 30 business days following, subject to customary closing conditions and other applicable requirements.

The proposed acquisition represents a strategic step in Robo.ai’s development of a global artificial intelligence robotics network platform. QC Capital is positioned as an AI-driven technology holding and venture-building platform with capabilities across technology development, venture building and industrial investment. Through the proposed integration of QC Capital, and drawing upon Robo.ai’s successful experience in acquiring AI visual data processing and compression technology company Neurovia, Robo.ai expects to strengthen its capabilities in technology company sourcing, capital allocation, venture incubation, cross-border mergers and acquisitions, post-investment operations and global commercialization.

Under the acquisition agreement, the transaction consideration is structured to align with long-term performance targets. The consideration shares will be released in stages and linked to the achievement of multi-year revenue targets. This structure is intended to align the release of transaction consideration with QC Capital’s future business performance and the long-term interests of Robo.ai shareholders.

QC Capital’s operating model is based on AI technology and operational enablement capabilities, with a focus on AI agents, vertical AI applications and industrial technology enablement for sectors including industry, transportation, embodied robotics and intelligent manufacturing. In the course of its operations, QC Capital expects to accumulate AI data, operating data from portfolio companies, post-investment operating data and market feedback data. These data resources are expected to be incorporated into its AI Investment Engine and QC Alpha™ system to support industry analysis, project screening, due diligence, risk management, post-investment management, M&A screening and portfolio optimization. This model is designed to create a long-term loop from technology capability to data assets, and from AI-assisted decision-making to revenue growth and ecosystem expansion.

QC Capital’s business system includes four core areas: venture building, strategic investment, M&A platform development and AI investment technology. Its key areas of focus include AI infrastructure, smart cities, robotics and AI agents, autonomous driving and intelligent logistics, AI fintech, enterprise AI platforms and the next-generation digital economy. These areas are complementary to Robo.ai’s artificial intelligence robotics network, intelligent device ecosystem and digital infrastructure strategy.

Performance Targets

Pursuant to the performance-based release mechanism stipulated in the acquisition agreement, the shares issued to QC Capital will be released over the next eight years subject to the achievement of specified revenue targets. These include, but are not limited to, a cumulative revenue milestone of approx. US$2.4 billion across 2026 and 2027, which will serve as part of the key benchmark for the phased release of the consideration shares.

Robo.ai expects that, subject to the successful closing of the transaction, successful business integration and the recognition of related revenue in accordance with applicable accounting standards, QC Capital may become an incremental platform for the Company’s medium- to long-term revenue growth, industrial synergies and global AI ecosystem commercialization. These revenue targets are forward-looking in nature and do not constitute a guarantee of future performance.

Benjamin Zhai, Chief Executive Officer of Robo.ai, said, “Robo.ai is building a global artificial intelligence robotics network platform for the next generation of the intelligent economy. QC Capital is expected to bring capabilities in AI investment decision-making, data asset accumulation, venture building, M&A integration and global resource networks. Following the completion of the transaction, QC Capital is expected to serve as Robo.ai’s platform for strategic holdings, venture building, investment development and data asset growth, supporting the Company’s continued expansion across artificial intelligence, robotics, digital infrastructure, smart cities, intelligent mobility, low-altitude economy and the next-generation digital economy.”

About QC Capital Limited

QC Capital Limited is an AI-driven technology holding and venture-building platform focused on artificial intelligence, robotics, digital infrastructure, smart cities, autonomous driving and the next-generation digital economy. Through AI technology, operational enablement capabilities, industrial operating experience, data asset accumulation and global resource networks, QC Capital seeks to identify, incubate, invest in and operate technology companies with long-term value, while supporting the development of synergies among AI technology, capital capabilities, industrial resources and data assets.

About Robo.ai Inc.

Robo.ai Inc. (NASDAQ: AIIO) is a technology company focused on building a global artificial intelligence robotics network platform. The Company focuses on artificial intelligence, robotics, intelligent devices, digital infrastructure and related technology ecosystems, with the objective of connecting technology, data, devices and industrial scenarios through an AI-driven network platform.

Forward-Looking Statements

This press release contains forward-looking statements. Actual results may differ materially from those projected. For additional information, please refer to Robo.ai Inc.’s filings with the U.S. Securities and Exchange Commission.

Media Contact:

Robo.ai Inc. Corporate Communications
Email: [email protected]
Website: www.roboai.io

QC Capital Limited Corporate Communications
Email: [email protected]
Website: www.qccapital.io

SOURCE Robo.ai; QC Capital Limited

SINGAPORE and NEW YORK, June 18, 2026 — Vibefam, the all-in-one operating system for fitness businesses, announced the completion of a US$1 million seed funding round led by a Singapore-based family office with a strong track record of backing category-defining technology companies. In addition to capital, the investor brings deep operating insight and a network built through years of supporting founders and working alongside leading venture investors.

Today, Vibefam powers more than 700 fitness locations worldwide and serves over 500,000 end users. The platform supports a diverse range of fitness businesses, including Pilates studios, yoga studios, strength and conditioning gyms, dance academies, martial arts schools, and boutique fitness brands.

The investment will accelerate Vibefam’s mission to help fitness businesses launch, operate, and scale through a unified platform that combines operations, payments, customer engagement, and growth solutions within a single platform.

The funding comes at a time when fitness operators are increasingly seeking intelligent operating platforms that unify operations, payments, and customer engagement, replacing fragmented technology stacks and legacy software platforms.

“Fitness businesses deserve technology that works as hard as they do,” said Serene Lim, Co-Founder and CEO of Vibefam. “Many operators still juggle multiple disconnected systems to manage bookings, payments, customer communication, marketing, and reporting. We’re building a platform that brings everything together, helping businesses operate more efficiently while delivering better experiences to their customers.”

The newly raised capital will primarily be invested into artificial intelligence and embedded financial services, two areas the company believes will fundamentally reshape how service businesses operate.

In July 2026, Vibefam will launch Vibe AI, a messaging-native customer engagement platform that allows members to interact with fitness businesses through natural conversations. From answering enquiries and recommending classes to completing bookings and re-engaging inactive customers, the platform helps businesses deliver instant service at scale without increasing administrative workload.

The company is also expanding its embedded finance capabilities through a growing network of financial partners, enabling eligible businesses to access funding directly within the Vibefam platform to support expansion, hiring, equipment purchases, and working capital needs. By leveraging operational data already available on Vibefam, eligible businesses can gain faster access to growth capital with significantly reduced paperwork and approval times.

“We believe the future of business software will be proactive, intelligent, and deeply embedded into the daily operations of every business,” Lim added. “The opportunity extends far beyond managing bookings and payments. We’re building infrastructure that helps fitness businesses acquire customers, automate operations, access capital, and make better decisions every day.”

The funding will support continued product development, strategic hiring, and the expansion of Vibefam’s AI and embedded finance capabilities as the company continues its evolution into a comprehensive operating system for fitness businesses.

About Vibefam

Vibefam is an AI-powered operating system for fitness businesses. The platform helps gyms, studios, and wellness operators manage scheduling, memberships, payments, customer engagement, reporting, and growth from a single platform. Today, Vibefam powers more than 700 fitness locations worldwide and serves over 500,000 end users.

Vibefam is also backed by leading early-stage investors including Hustle Fund and Ignite Asia, alongside strategic investors and operators from the fitness and wellness industry who bring deep expertise in building and scaling consumer and service businesses.

SOURCE Vibefam