Press + Insights

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.

In this episode of Just FlexIt™, Austin and Justin sit down with Bryan Myers, the President and CEO of Solidcore. Solidcore is one of the most recognized names in boutique fitness, known for its transformative workouts and emphasis on building strength and community.

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.

A holding company affiliated with an Emirati royal family is injecting a new joint venture between Abu Dhabi-based Marlan Space and startup Loft Orbital with over $100 million to grow the region’s domestic satellite manufacturing capabilities.

Krispy Kreme, Inc. (NASDAQ: DNUT) today announced the sale of a majority ownership stake of Insomnia Cookies to Verlinvest and Mistral Equity Partners. The transaction represents a $350 million total enterprise value, which has doubled since Krispy Kreme’s 2018 acquisition. “As we build a bigger and better Krispy Kreme, this transaction allows us to focus on our core strategy of producing, selling, and distributing fresh doughnuts daily while also further strengthening our balance sheet,” said Josh Charlesworth, Krispy Kreme President and CEO.

Rad AI, a leader in generative AI for healthcare, today announced it raised $50 million in Series B financing. The round was led by Khosla Ventures, with participation from WiL (World Innovation Lab) and existing investors ARTIS Ventures, OCV Partners, Kickstart Fund, and Gradient Ventures (Google's AI-focused fund), among others, bringing total capital raised to over $80 million.