Main Street businesses – consumer services, construction, retail, hospitality, and real estate – drive $8 trillion of US GDP. These vital businesses and their workers are the backbone of the American economy and the lifeblood of local communities. Yet, for far too long, Silicon Valley has largely ignored the power of Main Street. With the rise of generative AI, we have an unprecedented opportunity to transform how we do business on Main Street.

Rad AI, one of the fastest growing healthcare AI companies and the first to successfully commercialize a generative AI product in healthcare, today announced a $60M Series C financing round, valuing the company at $525M. The oversubscribed round was led by Transformation Capital, with participation from existing investors Khosla Ventures, World Innovation Lab, UP2398, Kickstart Fund, OCV Partners, Cone Health and others. This raise comes seven months after their $50M Series B financing.

Reaching fleet scale in 2025 as we cross $500M of lifetime bookings. In January 2017, we started Loft to make it simple for organizations to deploy and operate missions in space. Exactly 8 years later, we are thrilled to announce that the mission continues with our $170M Series C, led by Tikehau Capital with Axial Partners as a co-lead, and joined by Bpifrance, Foundation Capital, Temasek, and Uncork Capital.

The Cleveland Cavaliers today announced the launch of their new fan engagement program, Cavs Rewards, in partnership with fan rewards platform Uptop. The program is designed to enhance the fan experience and turn fans’ everyday purchases into unforgettable Cavaliers experiences and premium rewards.