Startup Name: Ridge Biotechnologies

Industry: Biotechnology

Region: United States

Amount (USD): $25 million

The problem it is solving: Drug development is often constrained by molecular complexity, off-target toxicities, and limitations in traditional binding mechanisms. Ridge Bio addresses this by combining machine learning with cell-free experimentation to accelerate enzyme and drug design. Its technologies aim to create safer, more precise, and more effective medicines, particularly in areas like antibody-drug conjugates (ADCs), CAR-T therapies, and enzyme-based therapeutics.

What the Funds Will Be Spent On: Scaling operations and expanding technology partnerships in bioconjugates. Advancing discovery programs towards precision-designed therapeutic enzymes. Building collaborations with biopharma companies and CDMOs. Growing their scientific and engineering team to support rapid drug design innovations.

Startup Name: Turnout

Industry: GovTech

Region: United States

Amount (USD): $21 million

The problem it is solving: Americans spend 12.1 billion hours annually dealing with government paperwork—processes that are time-consuming, confusing, and error-prone. From tax debt relief to Social Security Disability claims, outdated bureaucratic systems leave millions of people frustrated, financially strained, and underserved. Turnout aims to eliminate these barriers by modernising the process with AI-driven automation and expert advocacy.

What the Funds Will Be Spent On: Further development of Turnout’s AI platform and automation capabilities. Expanding services beyond tax debt relief and disability claims. Scaling operations to help millions more Americans navigate rigid bureaucratic systems efficiently

Startup Name: Mueon

Industry: Semiconductor

Region: United States

Amount (USD): $15.5 million

The problem it is solving: Data centres, strained by the rapid adoption of generative AI, face escalating challenges in power consumption, cooling, and scalability. By 2030, they could consume up to 10% of global electricity. Traditional rack-based architectures create inefficiencies and hotspots, driving costs higher and limiting expansion. Mueon addresses these issues with its modular Cubelets™ system, integrating compute, memory, power delivery, and thermal management for up to 10x improvements in density, efficiency, and deployment speed.

What the Funds Will Be Spent On: Scaling the development and deployment of Cubelets™. Expanding partnerships with cloud providers, enterprises, and research institutions. Advancing sustainable, energy-efficient AI and HPC infrastructure solutions.