Top stories.
- Synechron acquires RapDev, Calitii, and Waivgen.
- SAIC acquires SilverEdge for $205 million.
- Supabase raised $100 million in a Series E round.
Mergers and acquisitions.
New York-based digital transformation consulting firm, Synechron, acquired three new firms alongside announcing its new global ServiceNow business. The three acquired firms include RapDev, Calitii, and Waivgen. By bringing these three firms under one company, Synechron aims to create the largest financial services-focused ServiceNow practice. The new business aims to use a cloud-based platform to help enterprises transform existing workflows and integrate AI. Additionally, the new company is looking to expand outside of the financial sector to new markets such as healthcare and energy. Faisal Husain, CEO of Synechron, stated that "the power of ServiceNow is incredible, and we are excited to help our customers unlock that value through the industry knowledge and engineering prowess of this new team."
In this deal, RapDev is the world's largest Datadog partners, Waivgen is a leading Appian partner, and Calitii brings significant experience in architecting and delivering full-scale ServiceNow implementations. Additionally, all three companies utilize AI in their solutioning and delivery models.
Virginia-based defense contractor, SAIC, has acquired SilverEdge Government Solutions for $205 million from private equity firm Godspeed Capital. With this acquisition, SAIC aims to expand its product portfolio by integrating SilverEdge's products, including its flagship SaaS product suite, SOAR. Toni Townes-Whitley, CEO of SAIC, commented that "SOAR delivers agile, low-risk and rapid prototyping products that align with our enterprise's growth strategy to provide integrated digital solutions to our customers that tackle national priorities." The transaction is expected to close in the third quarter of fiscal year 2026.
New Jersey-based CoreWeave acquired Monolith AI Limited, a UK AI engineering tools provider. By acquiring Monolith, CoreWeave aims to shorten R&D cycles, accelerate product development and design, and grow competitive advantages through AI innovation for its users. Brian Venture, the co-founder and CSO at CoreWeave, commented on the significance of this acquisition, stating, "together we will help these enterprises better harness AI to accelerate breakthroughs and bring better products to market faster." CoreWeave previously secured $1.1 billion in funding in a Series C round to support the company's growth across all areas of the business and expand into new global regions.
Agentic market intelligence platform AlphaSense has acquired Carousel, an agentic Excel modeling company. Through this acquisition, the New York-based companies are looking to expand AlphaSense's role in generative AI through Carousel's modeling technology. By integrating these technologies, AlphaSense looks to create an in-platform experience where Excel modeling is embedded directly into its generative AI workflows. Jack Kokko, CEO and Founder of AlphaSense, noted, "by incorporating what the Carousel team has built, [AlphaSense] can extend that leadership into Excel, streamlining one of the most important analytical workflows."
Hyperproof, the Washington-based intelligent enterprise GRC platform, has acquired Expent.ai, a California-based third-party risk management solution. Hyperproof's acquisition looks to further cement the company's leadership in GRC services by adding AI-powered solutions. The acquisition significantly expands Hyperproof's total addressable market by unifying vendor lifecycle management and assurance, third-party risk management, and trust portal capabilities. Craig Unger, CEO and Founder of Hyperproof, emphasized that "with Expent.ai, we're helping organizations do both, through continuous control monitoring and shared vendor risk intelligence made transparent to drive competitive advantage."
California-based risk provider, G2 Risk Solutions (G2RS), has acquired EverC to further expand G2RS's global reach and add AI-backed risk solutions to its product suite. After acquiring the New York-based vertical risk platform, G2RC looks to deliver a more comprehensive suite of AI and analyst-backed risk solutions. Rochelle Blease, the president of G2RS, commented that "adding EverC's deep marketplace expertise and battle-tested AI to our portfolio promises to fortify online marketplaces against escalating threats, strengthening what has become the circulatory system of global e-commerce."
California-based software platform, Carta, has acquired Accelex, the UK-based agentic data automation platform. With this acquisition, Carta aims to expand its private capital platform by incorporating Accelex's offerings to enable limited partners to automate document collection, scale data extraction, and accelerate portfolio analysis. Henry Ward, Carta's CEO, emphasized that "integrating Accele advances our vision of a connected, transparent platform where LPs, GPs, and portfolio companies benefit from shared data and seamless reporting."
San Fransciso digital analytics company, Mixpanel, acquired DoubleLoop, a California-based agentic business value framework provider. With this acquisition, Mixpanel aims to further strengthen its digital analytics platform and allow its product and marketing teams to identify growth drivers. This acquisition comes after Mixpanel launched Metric Tress, which allows teams to better understand the relationship between a product metric and a business outcome. Jen Taylor, the CEO of Mixpanel, commented on the acquisition, stating that "with DoubleLoop, we can make this game-changing capability more accessible by infusing AI directly into the process to build hierarchies directly from strategy and real-world context."
California-based agentic cybersecurity company, Vectra AI, has acquired cloud-native network defense platform, Netography. Vectra acquired the US-based cloud security provider to further strengthen Vectra's ability to deliver protection for hybrid and multi-cloud environments. Hitesh Sheth, CEO of Vectra AI, commented that "with Netography, we add the breadth of cloud-native observability to Vectra AI's depth of attack signal clarity." With this acquisition, Netography Fusion will now operate as Vectra Fusion.
Virginia-based defense and national security company, Xcelerate Solutions, has acquired Maryland-based clearAvenue. The combined company will offer a comprehensive, mission-first portfolio of secure solutions to the federal government. Mark Drever, CEO of Xcelerate, noted how "clearAvenue is one of the few companies with demonstrated past performance qualifications in AI and machine learning."
Investments and exits.
Supabase, the California-based Postgres development platform, raised $100 million in its Series E round, bringing its total valuation to $5 billion. The round was led by Accel and Peak XV with participation from Figma Ventures and other returning investors. This round closed four months after the company finished its Series D round in April. With this funding, Supabase intends to reserve an allocation for its community members and co-invest alongside institutional partners. Paul Copplestone, co-founder and CEO of Supabase, stated that "with the new capital we'll continue serving our community of over 4 million developers while building open source tools to scale Postgres."
Portuguese agentic RiskOps platform provider, Feedzai, raised approximately $75 million following its most recent investment round. The new funding adds new investors, Lince Capital, Iberis Capital, and Explorer Investments, along with renewed backing from Oxy Capital and Buenavista Equity Partners. The company is now valued at more than $2 billion. Feedzai operates as a comprehensive financial crime prevention platform for fraud, risk, and anti-money laundering teams. Nuno Sebastiao, co-founder and CEO of Feedzai, stated that "this new investment round enables us to continue driving innovation to defend against whatever comes next, so that every form of payment ... can be trusted and adopted safely."
Paris-based open-source cybersecurity solution provider, Filigran, finished its Series C round, having raised $58 million. The round was led by Eurazeo, Insight Partners, Accel, and Deutsche Telekom. With this fundraising, Filigran aims to accelerate the development of its open-source risk management platform, OpenGRC, and expand into new regions. Through its OpenGRC platform, Filigran is looking to transform traditional compliance practices by creating a new AI-backed platform that improves risk assessment process metrics and reporting. The regions targeted for scaling global presence include Saudi Arabia, Japan, the US, and the DACH region.
Virginia-based agentic intelligence firm, HyperSpectral, closed its Series A-2 round after raising $7 million. The round aims to fuel the spectral intelligence company's development, expand partnerships, and prepare the company for a Series B round in 2026. The round was co-led by RRE Ventures and Kib Ventures, with continued support from existing investors. New investors included Avalanche Thinking. Additionally, the $7 million will help provide resources to further develop HyperSpectral's technology platform ahead of commercial scaling efforts.
Agio Ratings closed its funding round, having raised $6 million, which was led by AlbionVC. The round also saw participation from Portage Ventures and MS&AD, and now brings the total raised to over $11 million. The funding aims to expand its research and engineering teams, broaden its risk ratings capabilities, and support major banks as digital assets are increasingly adopted.
Indian agentic legal workspace company, Lucio, raised $5 million in a round led by DeVC and HNIs Ashish Kacholia and Lashit Sanghvi. The funding will be used for two objectives, including expanding Lucio's product offerings to embed legal AI into lawyers' interfaces and to deepen personalization capabilities. Lucio currently operates across nine jurisdictions and can be used for drafting, reviewing document sets, due diligence, legal research, and translation.
Colorado-based Apply.AI raised $5 million in its seed funding round, alongside the announcement of its public beta launch. The round was led by Dan Scholnick at Four Rickers and Founder Collective. The platform aims to enable users to transform their ideas or expertise into a monetizable AI business without requiring coding or technical skills.
Executive moves.
RegScale appoints Chad Woolf as CPO. Woolf will lead product strategy, focusing on modernizing compliance for enterprises, automating evidence collection, reducing operational burdens, and helping operationalize risk. Woolf brings over two decades of experience in information security governance, compliance, and technology leadership, acting as Vice President of Security at AWS. While at AWS, Woolf built the CSP's compliance programs.
Mindgard appoints James Brear as CEO. James Breart brings over 15 years of cybersecurity experience, working previously as CEO of Swimlane and having led both Veriflow and Procera. Alongside appointing Brear as CEO, Mindgard also hired Rich Smith and established its US headquarters in Boston.
Merlin Group appoints former CICA leader Matt Hartman as CSO. Hartman brings over two decades of leadership in strengthening the nation's cybersecurity posture. David Phelps, founder, CEO, and Chairman of the Merlin Group, noted that Matt's "leadership at CISA and his ability to navigate the needs of both government and industry align seamlessly with our mission."
Auvik names Dan Zaniewski as CTO. With this appointment, Zaniewski will leverage his previous experience "in product engineering in the MSP channel and security spaces to further accelerate Auvik's AI adoption, cybersecurity, and cloud strategies." Zaniewski previously acted as Senior Vice President of Engineering at Auvik.
Forward Networks appoints Sanjay Mehta as CMO. With this appointment, Forward Networks is looking to accelerate the global awareness and adoption of the company's digital twin technology. More specifically, Mehta will be tasked with architecting and leading the company's global marketing strategy, and amplifying its momentum when engaging with large enterprises and government organizations.
Coro appoints Neill Burton as its new Vice President and General Manager of Europe, the Middle East, and Africa (EMEA). This appointment follows Coro's earlier entry into the region this year and reiterates the company's effort to fuel its international expansion. Burton previously worked in key roles at DigiCert, Proofpoint, and F5 Networks.
SACR names Aqsa Taylor as CRO. In this new position, Taylor will lead all research initiatives and work closely with the CISO community and advisory board to lead AI research product development.
HyperSpectral appoints Dr. Vincent D. Mattera as Chairman of the Board. Dr. Matter was the former Chair and CEO of Coherent Corp.