Strong demand leads to expanded funding, new rebate options

DIAMOND BAR, Calif., Oct. 2, 2026 — Following strong public demand and a successful launch, the South Coast Air Quality Management District (South Coast AQMD) Governing Board today approved $60.2 million in additional funding for the GO ZERO Incentive Program.

The expansion builds on the program’s initial $21 million pilot, which has already helped more than 3,000 single-family homes and 700 multifamily units replace gas furnaces and water heaters with zero-emission heat pumps for space and water heating.

The GO ZERO pilot program launched in September 2025, offering rebates to single-family homeowners, multifamily property owners, and small businesses* to switch from gas to zero-emission space and water heating units. Demand quickly exceeded available funding. Multifamily funding was fully reserved within two weeks of the program launch, and single-family funding was exhausted in less than 6 months.

“GO ZERO has shown just how eager our communities are to move away from polluting gas appliances when we make it more affordable to do so,” said South Coast AQMD Governing Board Chair Michael A. Cacciotti. “This expansion lets us build on that momentum and provides this opportunity for more residents across our region.”

The increased funding will provide $20 million each for single-family and multifamily rebates, plus $20 million in funding to allocate to either category based on demand. Other changes to the program include:

• More Options: Solar water heating will now qualify for rebates along with heat pump water heaters. 
• New Rebate** Tiers: Rebates will range from $500 to $1,000 for most single-family households, depending on system type and size, with higher amounts of $1,000-$2,000 available in overburdened communities. Multifamily rebates will range from $500-$1,000 per unit, with a $300,000 cap per property. New tiers will also support smaller systems such as mini-split and window heat pumps, making electrification more accessible for smaller homes and apartments.
• More Access to Multifamily Funding: Updated reservation requirements and limits will be implemented to help distribute funding across more properties.

At least 75 percent of single-family and multifamily rebate funding will continue to be prioritized for applicants in overburdened communities. GO ZERO rebates may also be combined with other eligible incentives, helping residents and property owners further reduce the cost of installing qualifying heat pump technologies.

Zero-emission heat pumps provide both heating and cooling and operate up to three to four times more efficiently than traditional gas systems. Replacing gas furnaces, air conditioners, and water heaters with heat pumps—or qualifying solar systems—can reduce energy use and air pollution.

Applications and updated program details including portal reopening date will be available at www.aqmd.gov/gozero. Rebates will be processed while funding lasts; property owners and small businesses are encouraged to apply early.

*Eligible small businesses include independently owned and operated businesses that meet at least one of the following: 100 or fewer employees, annual gross receipts of $5 million or less, or, nonprofits exempt from federal income tax under Section 501(c)(3).

**Qualified units installed on or after September 4, 2026 will be eligible for Phase 2 rebate funding.

South Coast AQMD is the regulatory agency responsible for improving air quality for large areas of Los Angeles, Orange, Riverside and San Bernardino counties, including the Coachella Valley. For news, air quality alerts, event updates and more, please visit us at www.aqmd.gov, download our award-winning app, or follow us on Facebook, X (formerly known as Twitter) and Instagram.

SOURCE SOUTH COAST AQMD

The agentic infrastructure leader is adding support for millions of new agents each month as AI accelerates software creation

SAN FRANCISCO, Oct. 2, 2026 — Supabase, the leader in agentic infrastructure and open source Postgres development platform, today announced $150 million in new funding led by GIC, with Alphabet’s independent growth fund CapitalG, IronArc, and SquarePeg also participating. The investment comes just four months after the company’s $500 million Series F, as AI coding tools and agents drive another major uptick in Supabase’s growth. Supabase also announced it is acquiring Turso, a platform that allows developers to access higher volumes of databases for agentic workloads.

The round and acquisition will accelerate Supabase’s continued product development around agent-driven databases. This round will also provide liquidity for employees, which the founders think is an important and vital part of being the best company for engineers.

“The past year has been the fastest growth in our history by a wide margin. We’re grateful for the support from our existing and new investment partners like CapitalG. Their connections to the broader Alphabet ecosystem will be invaluable as we build for our next level of growth,” said Paul Copplestone, Co-founder and CEO of Supabase. “The future is agents and the architecture Turso provides will help us accelerate Supabase as the backend platform for supporting that future.”

INVESTING IN BUILDERS AND THE SUPABASE COMMUNITY

Supabase is now adding more than 1M users and 4M databases per month with 70% of new databases created by agents or AI-driven tools. The growth follows a 600% year-over-year increase in databases reported in June, when agents were already deploying the majority of new databases on the platform.

Claude Code, Codex, and other AI coding tools are expanding both the number of people who can build software and the amount of software they can create. Supabase has seen successive waves of growth as AI app builders opened software development to a broader audience, followed by another major acceleration as coding agents became capable of building increasingly sophisticated applications. Supabase’s goal is to become the first place developers and agents turn when they need backend support.

“Supabase has established itself as the critical open infrastructure layer powering the AI revolution,” said Derek Zanutto, general partner at CapitalG. “We’re proud to back one of the fastest growing private database companies on the planet as Paul and the team empower millions of developers and agents to build at unprecedented speed.”

SUPABASE ACQUIRING TURSO

As AI labs and builders continue scaling agentic deployments, the need for large numbers of databases compounds. An agent should be able to create a database instantly, and platforms should be able to launch enormous numbers of isolated databases without the overhead of provisioning a dedicated machine for each one.

These evolving requirements are why Supabase is acquiring Turso, whose team built a tremendously successful architecture that offers databases at a low cost. Their architecture enables the provisioning of on-demand per-agent databases both in the public Cloud and BYOC, for customers like Superhuman, Sauna.ai, CTO.new, and Mastra.

Both companies have a strong focus on open source, developer experience, a willingness to tackle hard problems, and a shared understanding for how infrastructure will evolve to support the future of agentic AI. The Turso platform will continue operations, with a clear graduation path into the rest of the Supabase ecosystem.

According to Glauber Costa, founder of Turso who will join Supabase as Head of Agentic Services alongside his co-founder Pekka Enberg and the rest of the Turso team: “From the start of our journey, I’ve had as a goal to serve upwards of a billion databases to our customers. Being a part of Supabase, with its gargantuan developer success and ever-growing partner ecosystem will bring this goal closer.”

About Supabase

Supabase is the leader in agentic infrastructure and open source Postgres development platform. More than 13 million developers use Supabase to build and scale applications. Founded in 2020, Supabase provides a complete backend — Postgres database, authentication, storage, edge functions, real-time subscriptions, and vector search — alongside a growing marketplace of 100+ integrated partner tools. Learn more at supabase.com.

SOURCE Supabase

Some of the most hotly contested midterm races are in Texas, where Democratic donors are showing up in force — the state ranks third in fundraising volume since the last midterm in 2022.

BOSTON, Oct. 2, 2026 — ActBlue, the one-stop shop for campaign tools, today announced major Democratic fundraising milestones following the close of Q3 2026. What began as a fundraising platform in 2004 has evolved into the premier campaign technology provider for candidates up and down the ballot, with total fundraising past $20 billion – demonstrating the urgency and momentum everyday Americans feel in supporting Democratic candidates in 2026.

“Crossing $20 billion is a milestone, but the real story is the pace and the people behind it. We hit $19 billion in May and $20 billion in September. In Q3 alone, more than 3 million donors made over 19 million contributions, averaging just $44 each. That’s small-dollar democracy at scale, and it’s building real power heading into the midterms,” said ActBlue CEO and President Regina Wallace-Jones.

By the numbers

• $833 million total raised
• $601 million raised for federal campaigns
• $180 million raised for state and local campaigns
• 3 million+ donors
• 19 million contributions
• $44 average contribution
• Hundreds of thousands of new donors

Compared to Q3 2022 (last non-presidential cycle):

• $187 million more raised (up 29%)
• Nearly 5 million more contributions

By the states

• State-by-state breakdown of Q3: Top 10 states in order of most fundraising volume to least are: CA, NY, TX, FL, MA, MI, WA, IL, VA, and NC, ranging from $132 million raised in California to $25 million in North Carolina.
• State-by-state breakdown of 2026: Top 10 states in order of most fundraising volume to least are: CA, NY, TX, MA, FL, IL, WA, VA, NC, MI, ranging from $326 million raised in California to $59.6 million in Michigan.
• State-by-state breakdown of 2022 midterms to date: Since the beginning of the 2022 cycle, the top 10 donating states (most to least in terms of fundraising volume) are: CA, NY, TX, MA, FL, WA, IL, PA, VA, MD.

Ready to do your part? Visit www.actblue.com to get involved.

For more than two decades, ActBlue has been a trusted, secure, and vital part of American democracy, providing Democratic campaigns, organizations, and donors with a full suite of tools to participate and win at every level of the ballot. To learn more about ActBlue, visit www.actblue.com.

SOURCE ActBlue, LLC

PALO ALTO, Calif., Oct. 1, 2026 — PaleBlueDot AI (“the Company”), a Silicon Valley-based Super Intelligence platform founded in 2024, today announced the completion of a $200 million Series C financing led by ComputeCore at a valuation of $3.2 billion.

The round follows the Company’s $150 million Series B financing announced in January. B Capital, an existing shareholder, participated in the Series C along with other global investors.

Founded in 2024 and headquartered in Palo Alto, PaleBlueDot AI’s Super Intelligence Infrastructure Platform brings together self-owned GPU clusters, GPU marketplace and serverless inference businesses. Its mission is to make intelligence universally accessible, with a vision of empowering AI everywhere for everyone.

The Company owns and operates dedicated GPU clusters, which it customizes for global customers with large or specialized workloads. Its B300 cluster in Japan recently earned NVIDIA Exemplar Cloud status, validating its performance against NVIDIA’s reference benchmarks. Through its marketplace, PaleBlueDot AI provides customers with on-demand access to compute across a global network of supply partners, while its serverless inference offering delivers flexible Super Intelligence compute for developers and enterprises.

This year, PaleBlueDot AI has diversified both its data-center capacity and its customer base. As of the end of September 2026, PaleBlueDot AI had signed over $5 billion in customer contracts. Customers from the U.S. and Japan together accounted for more than half of monthly revenue.

PaleBlueDot AI’s clusters are located across multiple regions, with customers spanning markets worldwide. The Company’s supply chain has been built for efficiency and security, enabling customers to bring capacity online quickly and operate it with confidence.

Proceeds from the Series C will fund additional Super Intelligence compute capacity, giving customers greater choice in locations and hardware.

Stephen Watts, CEO of PaleBlueDot AI, expressed confidence in the company’s future plans: “We will continue to broaden our customer base, with a focus on frontier labs, Neolabs and enterprises in the U.S., and we will invest in our full-stack and go-to-market teams.”

About PaleBlueDot AI
PaleBlueDot AI is a Silicon Valley-based Super Intelligence Infrastructure Platform with a growing global footprint. The company delivers high-performance Super Intelligence compute through a unified platform designed for enterprise-scale deployment. Guided by its mission to make intelligence universally accessible, PaleBlueDot AI enables organizations to build, deploy, and scale Super Intelligence faster, better, and cheaper. Named after the image of Planet Earth taken on the 1990 Voyager space mission coined by Carl Sagan as “a pale blue dot,” the company shares a belief in the transformative potential of Super Intelligence technology to benefit all of humanity.

Contact:
[email protected]

SOURCE PaleBlueDot AI

The founder behind one of restaurant tech’s biggest success stories joins Slang AI as the company builds on its momentum and enters its next phase of growth

NEW YORK, Oct. 1, 2026 — Slang AI, the leading voice AI platform built for restaurants, today announced that BentoBox co-founder and former CEO Krystle Mobayeni has joined its Board of Directors.

Few technology leaders have had a closer view into how restaurants adopt, scale and ultimately depend on new technology. Mobayeni co-founded BentoBox in 2013 and spent more than a decade building technology specifically around the needs of restaurants and their guests. Under her leadership, BentoBox grew from an early-stage startup into a platform serving more than 15,000 restaurants globally before its acquisition by Fiserv in 2021.

At BentoBox and later as Senior Vice President, Head of Restaurants at Fiserv, Mobayeni worked across thousands of restaurants as technology became increasingly central to how operators run their businesses and connect with guests. She brings to Slang AI deep experience identifying where technology can remove operational friction without compromising hospitality, and what it takes to turn those solutions into products restaurants adopt at scale.

“Krystle understands this industry from every angle: from the operator, to the guest, to the technology,” said Alex Sambvani, co-founder and CEO of Slang AI. “She saw early how technology could fundamentally change the relationship between restaurants and their guests, then built a company that helped make that shift happen. As AI creates another major inflection point for the industry, there are very few people whose perspective I’d rather have around the table.”

Slang AI is applying that same restaurant-first approach to one of the industry’s most persistent and overlooked challenges: the phone. Its AI-powered voice platform handles guest conversations around the clock, helping restaurants capture demand while giving teams more time to focus on hospitality. As Slang AI expands its platform and grows its work with multi-location and enterprise restaurant brands, Mobayeni will bring firsthand experience scaling restaurant technology from an emerging solution into infrastructure used across the industry.

“Slang is solving a massive, universal problem for restaurants while creating a better experience for guests,” said Mobayeni. “I’ve spent my career building technology around the needs of restaurants, and I believe purpose-built AI, starting with voice, can enable restaurants to deliver more hospitality, giving teams more time to focus on the guests in front of them. Slang has the team, technology and restaurant-first approach to lead that shift, and I’m thrilled to be part of what they’re building.”

Mobayeni is currently an Entrepreneur-in-Residence at Female Founders Fund and on the James Beard Foundation Awards Committee. Her work and leadership have been recognized by Inc., Entrepreneur, Business Insider and Nation’s Restaurant News, and she was named to New York Business Journal’s Women of Influence.

About Slang AI

Founded in 2019 by Alex Sambvani and Gabe Duncan, Slang AI is the first and leading AI platform purpose-built for the hospitality industry. Slang AI’s Superhost answers every call with precision, warmth, and professionalism, booking reservations, handling inquiries, routing high-value requests, and recognizing returning guests, so restaurant staff can stay fully present with the guests in front of them. Serving thousands of restaurant locations globally with 95%+ guest satisfaction, Slang AI integrates with leading platforms including OpenTable, SevenRooms, Tripleseat, and Yelp. For more information, visit slang.ai.

SOURCE Slang AI

CHICAGO, Oct. 1, 2026 — Ziegler, a specialty investment bank, is pleased to announce the successful closing of Lourdes Senior Community’s $32,453,000 Series 2026 financing, consisting of $14,453,000 Series 2026A Refunding Revenue Bonds and $18,000,000 Series 2026B Bank Draw Down Bonds (collectively, the “Series 2026 Bonds”), for the Senior Living Finance Practice.

Lourdes Senior Community (Lourdes) is a single-site, not-for-profit senior living community in Waterford, Michigan, that has served older adults and their families since 1965. Located on a 38-acre lakefront campus in Oakland County, Lourdes provides a full continuum of care. The community consists of 55 independent living units at Fox Manor on the Lake, six independent living villas, 60 assisted living units at Joseph T. Mendelson, 20 memory care units at Clausen Manor, and 80 skilled nursing beds at the Lourdes Rehabilitation and Healthcare Center, for a total of 221 units and beds. The campus is also home to a 15-room inpatient hospice center operated by Angela Hospice, further enhancing the continuum of services available to residents and the surrounding community.

Lourdes is operated by Dominican Health Care Corporation and is sponsored by the Dominican Sisters of Peace. The community is governed by a board of directors and operates as a nonprofit organization, with its continuum spanning independent living, assisted living, memory care, skilled rehabilitation, and long-term nursing care.

Proceeds of the Series 2026 Bonds will be used to refinance Lourdes’ outstanding Series 2019 Bonds as well as finance the construction of a new 60-unit independent living building. The Series 2026 Bonds were structured as a tax-exempt direct placement with WesBanco with a 100% swap. The Series 2026 Bonds have a 10-year bank credit commitment period through September 1, 2026 and have a final maturity of September 1, 2046. Ziegler acted as both the placement agent and swap advisor, shepherding the proposal to ensure competitive, on-market terms for Lourdes.

Tom Meyers, Senior Managing Director in Ziegler’s Senior Living Finance Practice said, “Despite heightened market volatility and an increasingly uncertain interest rate environment, Lourdes was able to secure strong financing terms that reflect the strength of its mission-driven management team and organization. Ziegler was pleased to help Lourdes secure a competitive and customized financing solution with WesBanco, including a tailored interest rate hedge designed to meet Lourdes’ specific needs. We are honored to have had the opportunity to serve Lourdes for the third time and are grateful for the continued trust they have placed in Ziegler.”

Rich Acho, President and CEO of Lourdes Senior Community added, “We are incredibly excited to reach this important milestone as we prepare to begin construction of our new independent living building next month. As the Baby Boomer generation continues to drive growing demand for high-quality senior living, this project allows Lourdes to expand our mission and ministry to serve more older adults for generations to come. We are thankful to the Ziegler team for their expertise in structuring a financing in today’s interest-rate environment that positions Lourdes for long-term financial strength.”

Ziegler is the nation’s leading underwriter of financing for not-for-profit senior living providers.¹ Ziegler offers creative, tailored solutions to its senior living clientele, including investment banking, financial risk management, merger and acquisition services, seed capital, FHA/HUD, capital and strategic planning as well as senior living research, education, and communication.

For more information about Ziegler, please visit us at www.ziegler.com.

¹ Based on full credit given to senior managers of lead-managed underwriting principal volume for senior living transactions completed nationally. Rankings and amounts through LSEG data as of 12/31/25. Note: For-profit bond financings are excluded.

About Ziegler:

Ziegler is a privately held, national boutique investment bank, capital markets, and proprietary investments firm. It has a unique focus on healthcare, senior living, and education sectors, as well as general municipal and structured finance. Headquartered in Chicago with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, strategic advisory services, fixed income sales, underwriting and trading as well as Ziegler Credit, Surveillance, and Analytics. To learn more, visit www.ziegler.com.

Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client’s experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.

SOURCE Ziegler

De financiering zal worden gebruikt om de productie van OSCP’s ITAR-vrije fotonische IMU’s in Montréal op te schalen naarmate de vraag naar navigatie die ook werkt wanneer GNSS wordt verstoord, toeneemt.

MONTRÉAL, 1 oktober 2026 — OSCPS Motion Sensing Inc., handelend onder de naam OSCP, heeft vandaag aangekondigd dat het een door New Science Ventures geleide Series A-financiering heeft afgesloten, met deelname van Emerging Ventures en 2050 Capital. Somu Subramaniam, oprichter en managing partner van New Science Ventures, is toegetreden tot de raad van bestuur van OSCP.

De fotonische gyroscopen en inertiële meeteenheden (IMU’s) van OSCP zijn ontwikkeld voor platforms die moeten kunnen blijven navigeren wanneer GNSS-signalen worden verstoord, vervalst of niet beschikbaar zijn, een probleem dat inmiddels veel verder reikt dan officieel verklaarde conflictgebieden.

Het bedrijf zal de financiering gebruiken om de productie in Montréal op te schalen, zijn technische en verkoopteams uit te breiden en de volgende generatie fotonische inertiële sensoren op de markt te brengen.

“Het verlies van het satellietsignaal was vroeger een probleem op het slagveld. Nu doet het zich ook voor boven luchthavens en op scheepvaartroutes”, aldus Kazem Zandi, oprichter en CEO van OSCP. “Klanten willen navigatie waarop ze kunnen vertrouwen wanneer GNSS uitvalt, en ze willen dat die ITAR-vrij is. Deze financieringsronde stelt ons in staat om hier meer en sneller te produceren.”

“We zijn erg enthousiast om ons bij het team van OSCP aan te sluiten en ‘s werelds beste IMU’s te bouwen wat betreft navigatieprestaties, afmetingen en kosten. Deze IMU’s hebben het potentieel om het paradigma van autonome navigatie volledig te veranderen in een breed scala aan toepassingen in de defensie- en transportsector”, aldus Somu Subramaniam, oprichter en managing partner van New Science Ventures.

Sinds de financieringsronde in augustus werd afgesloten, heeft OSCP NavigationGate geïntroduceerd, een inertieel navigatiesysteem voor platforms die het satellietsignaal verliezen, ArduPilot-ondersteuning toegevoegd en een open-source ROS 2-driver voor zijn MK2-IMU-familie uitgebracht. Daarnaast is het bedrijf gekwalificeerd als leverancier voor Canada’s Defence Drone Initiative Marketplace. Zie voor meer informatie oscp.com.

OVER OSCP

OSCPS Motion Sensing Inc., handelend onder de naam OSCP, ontwerpt en produceert fotonische gyroscopen en inertiële meeteenheden. Het in 2015 opgerichte en in Montréal, Québec gevestigde bedrijf ontwikkelt inertiële sensoren die fotonische nauwkeurigheid van tactische kwaliteit bieden, met de afmetingen, het gewicht, het energieverbruik en de kosten van MEMS, voor navigatie in omgevingen waar GNSS wordt verstoord, gedegradeerd of niet beschikbaar is. De klanten van het bedrijf zijn actief in de ruimtevaart, defensie, op en onder zee, spoorwegen, robotica en autonome grondsystemen. OSCP-producten worden in Canada vervaardigd en zijn ITAR-vrij.

OVER NEW SCIENCE VENTURES

New Science Ventures is een durfkapitaalfonds dat investeert in ondernemingen die nieuwe wetenschappelijke benaderingen toepassen op het gebied van informatietechnologie en levenswetenschappen. De onderneming werd opgericht in 2004 en heeft kantoren in Greenwich, Connecticut, en Londen. Op basis van het oorspronkelijk toegezegde kapitaal heeft zij meer dan 1 miljard dollar aan beheerd vermogen. Ga voor meer informatie naar newscienceventures.com.

Mediacontact: [email protected]

Raised $540 Million in Equity over Last Five Years

DALLAS, Oct. 1, 2026 — NexBank Capital, Inc., a financial holding company and parent company of NexBank, today announced that it closed a $150 million capital raise through the sale of non-voting common stock on September 29, 2026. With this closing, the Company’s equity stock offerings have reached $540 million in aggregate since 2021.

NexBank Capital, Inc. intends to use the proceeds of the offering as growth capital and for other general corporate purposes. This capital raise allows the Company the financial flexibility to be opportunistic on its growth strategy.

Cantor Fitzgerald & Co. served as financial advisor in connection with $75 million of the capital raise. Hunton Andrews Kurth LLC served as legal counsel to NexBank Capital, Inc. in the offering.

This press release is for informational purposes only and shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer or sale is not permitted.

About NexBank Capital, Inc.

NexBank Capital, Inc. is a Dallas-based financial holding company with $18 billion in assets. It provides financial and banking services primarily to institutional clients, financial institutions, corporations, and consumers nationwide. Through its subsidiary, NexBank, the largest privately held bank in Texas based on assets, it offers institutional banking, commercial banking, mortgage banking, and personal banking services.

www.NexBank.com

NexBank  |  Member FDIC  |  Equal Housing Lender

SOURCE NexBank Capital, Inc.

DANBURY, Conn., Oct. 1, 2026 — 108 BioCapital today announced that it is leading a financing round in SedMed, Inc. with a $4 million investment. The financing will support SedMed’s next phase of commercial growth and expand access to its non-electric toilet lift, which is designed to help older adults and individuals with mobility limitations sit and stand more safely and independently while reducing strain on caregivers.

SedMed is a medical device company developing non-electric mobility solutions that help older adults and individuals with limited mobility sit and stand more safely and independently while reducing physical strain on caregivers. Its flagship product, the SedMed Toilet Lift, attaches to most standard toilets and provides adjustable sit-to-stand assistance without electricity, batteries or bathroom remodeling.

“SedMed is addressing an important and often overlooked challenge for older adults, individuals with limited mobility and their caregivers,” said Sasha Bakhru, Managing Partner of 108 BioCapital. “The company has developed an intuitive, non-electric solution with the potential to improve safety, preserve independence and reduce caregiver burden across home and healthcare settings. We have been impressed by Jeremy and the SedMed team’s thoughtful approach to product development and commercialization, and we are pleased to lead this investment and support the company’s next phase of growth.”

SedMed will use the investment to accelerate commercial expansion, grow its distribution and channel partnerships, advance its intellectual property portfolio and conduct additional hospital-based studies.

“SedMed’s adoption across more than 40 hospital systems demonstrates strong demand for its solution and validates the important role it can play in addressing a significant challenge for healthcare providers,” said Shahryar Oveissi, General Partner of 108 BioCapital. “That momentum also sets the stage for SedMed to become a trusted solution for older adults living at home, where physical limitations, cognitive decline and environmental barriers can increase the risk of accidents and place added strain on caregivers.”

“SedMed’s practical, non-electric design gives the product meaningful potential beyond the United States,” said Shom Jagtiani, General Partner of 108 BioCapital. “We see particular opportunity in India and other international markets, where an easy-to-deploy solution could help improve bathroom safety and independence for older adults across home and healthcare settings.”

“This investment represents an important milestone for SedMed as we work to make safer bathroom mobility accessible to more people,” said Jeremy Bronen, CEO of SedMed. “108 BioCapital brings healthcare expertise and a shared commitment to supporting technologies that can meaningfully improve the lives of patients and caregivers. This funding will allow us to expand our commercial reach, strengthen our distribution network and build additional evidence demonstrating the value SedMed can provide to healthcare organizations.”

About SedMed, Inc.

SedMed, Inc. is a Milford, CT based medical device company developing reliable, non-electric mobility solutions that support bathroom safety, independence and dignity for older adults and individuals with limited mobility while reducing strain on caregivers. Its flagship SedMed Toilet Lift provides adjustable assistance for sitting and standing and is designed for use in homes, senior living communities and healthcare settings. For more information, visit https://sed-med.com/.

About 108 BioCapital

108 BioCapital is a U.S.-based private equity firm focused on growth-stage investments in biotech and medtech companies developing scalable, exit-driven solutions that address high-impact unmet medical needs. The firm also maintains a feeder vehicle in GIFT City, India. For more information, visit 108.bio.

Media Contacts

108 BioCapital
Steve Ward
Chief Financial Officer
[email protected]

SedMed, Inc.
[email protected]
(203) 538-9955
Sed-med.com

SOURCE 108 Bio Captial