Flow Engineering raises $50 million to accelerate agentic hardware development

Rightway has successfully raised $155 million in a Series E funding round. The round was led by Francisco Partners, with participation from existing investors Thrive Capital and Khosla Ventures. The funds will be used to support the company's next stage of growth.

Rightway provides pharmacy benefit management (PBM) and healthcare navigation services to employers. The company currently serves 45 Fortune 500 companies. Its platform integrates pharmaceutical expertise, care navigation, technology, and negotiated financial incentives to help combat rising prescription drug costs.

The company aims to assist employers in controlling costs while simultaneously improving the healthcare experience for plan members. It is noted that prescription drug spending among large US employers increased by 9.4% in 2025, and overall health insurance spending grew by 6% over the same period. Furthermore, prescription drugs are projected to become the fastest-growing category of healthcare expenditure.

Rightway's financial model is built on ensuring greater transparency, as its approach eliminates profit incentives derived from increasing pharmacy service costs. This model is supported by the SureSpend platform, which includes a Precision Pricing Guarantee setting a maximum limit on pharmacy expenses.

The system also offers Zero-Markup Wrap coverage for categories typically excluded from pharmacy cost guarantees, such as GLP-1 drugs and rare, high-cost medications. Rightway provides these categories at actual net cost and passes 100% of the discounts received on to employers.

The financial model works in conjunction with clinical support: pharmacists guide plan members toward appropriate, lower-cost medications and treatment options. Rightway asserts that this approach solves cost issues across the entire pharmacy supply chain and helps members make more informed decisions regarding their healthcare benefits.

The company also plans to enhance the technological foundation of its pharmacy benefit model by utilizing artificial intelligence (AI) to support clinical workflows and member navigation. Pharmacists will maintain their role in assisting members with understanding medications and treatment options.

Kirin Devlin, Rightway's Director of Pharmacy Services, noted that this model allows pharmacists to dedicate more time to clinical work, enabling them to focus on helping members find suitable treatments and resolving medication-related issues. The company is also expanding its healthcare navigation services.

Plan members can receive support in finding quality care and utilizing their medical benefits. Rightway states that its technology is capable of reducing administrative costs across the entire healthcare ecosystem while simplifying healthcare decision-making for both members and plan sponsors.

The Rightway platform combines automated technology with human clinical expertise. This model is designed to ensure cost savings without compromising personalized member support. The platform also links pharmacy benefits with broader healthcare navigation.

Francisco Partners emphasized that employers are increasingly demanding greater accountability from healthcare partners, highlighting the growing demand for transparency and value. Ezra Perlman, Co-Chair of Francisco Partners, commended Rightway's technology and clinical competence, stating that this model could drive further growth among large employers.

Rightway was initially founded around pharmacy navigation and member support. Now, its platform covers a significant portion of large US employers; the company reports that nearly 10% of Fortune 500 companies have transitioned their pharmacy benefits to the Rightway model. The current client base includes 45 Fortune 500 companies. The new funding comes amid ongoing pressure on healthcare costs from employers. Rightway intends to deepen its penetration among employers, expand its technologies, and strengthen its AI-based infrastructure.

The company's broader goal is to make pharmacy costs more predictable and transparent. The attracted capital will provide additional resources for this expansion and support Rightway's strategy of integrating pharmacy management with care navigation.

Ande, which has emerged from stealth mode, announced the raising of over $52 million in funding, combining seed and Series A rounds. Leaders of this round included Lightspeed Venture Partners, Redpoint Ventures, Duration Ventures, and Sierra Ventures; Bain Capital Ventures also participated in the financing.

The company's main goal is to service large enterprises' expenses for corporate events. These expenses include client dinners, team outings, sporting events, catering, and corporate gifts. Enterprises are estimated to spend around $325 billion annually on such activities.

Despite significant spending, the booking process remains fragmented across various systems. Ande solves this problem by integrating all these activities into a single corporate platform. Employees can book experiences while finance and legal departments maintain control over expenditures. The company spent two and a half years digitizing venue data.

The platform uses agent workflows to automate administrative tasks. These workflows can identify suitable venues, route requests for approval, and manage contracts. Furthermore, they support payments and expense reconciliation, significantly reducing manual work for teams managing corporate entertainment programs.

Ande provides a shared workspace for employees involved in corporate entertainment. Executive assistants and office managers can handle requests alongside marketing teams. Managers can also participate in approval processes through the same platform. Then, AI agents advance requests through stages of approval, signing, and payment.

Currently, the platform is used by over 60 enterprises. Among Ande's clients are Cloudflare, Salesforce, McGraw Hill, and Netskope. Other clients include Navan, Sigma Computing, Monday.com, Workato, and Semgrep. These clients account for over $400 million in annual entertainment spending through Ande, with clients reporting savings of 12% to 15%.

The platform also provides teams with better transparency regarding their entertainment programs. Ande's model addresses both sides of each transaction: companies gain procurement infrastructure, and venues gain access to corporate buyers. The company has also trained its AI model for enterprise-specific entertainment workflows.

Ande's network includes over 93,000 entertainment venues, and currently, more than 1,600 hotel properties are direct partners of the platform. Partners include Altamarea Group, Che Fico, and Gracious Hospitality. Other partners include JKS and The Mina Group. Tao Group Hospitality and Wolfgang Puck are also among its hospitality sector partners. Ande provides these companies access to corporate clients through a single distribution channel, as venues traditionally lacked specialized corporate sales networks.

Ande aims to fill this gap through its marketplace. The platform allows venues to offer their services to corporate buyers and interact with companies and manage transactions through the network. This forms a two-sided model for Ande.

Enterprises gain easier access to venues, and the hospitality industry gains corporate demand. Ande's new funding will be directed towards further developing its native AI platform, as well as expanding its network among corporate buyers and venues.

CEO Lohit Sarma emphasized that entertainment plays an important role in business relationships, highlighting its significance for culture, sales, and client interaction. Venture investors also see opportunities in this fragmented market.

Arif Janmohamed from Lightspeed Venture Partners described Ande as a bridge between companies and venues. Alex Bard, Managing Director at Redpoint Ventures, noted Sarma's experience in the enterprise space and the founder's ambition. Ande positions itself as the infrastructure for corporate entertainment, and its AI agents are designed to reduce the administrative burden across the entire booking process. The company's growth will depend on expanding both sides of its network.

Veridion has successfully raised $20 million to scale its artificial intelligence-based business analytics platform. The funding round was led by Hoxton Ventures, with participation from existing investors, including Underline Ventures, OTB Ventures, Gapminder, Day One Capital, and Launchub Ventures.

The funds will be used for product development and international expansion into several strategic markets. Furthermore, the company plans to significantly increase its staff in the US as demand from American clients continues to grow.

More than seventy percent of the company's revenue currently comes from US clients. Veridion is strengthening its presence in North America and forging closer ties with American institutions, which is supported by this funding for commercial growth.

Founded in 2019, Veridion has developed a live AI-driven business graph that covers companies worldwide. This platform provides continuously updated information on enterprises across various industries and geographical regions.

The company's digital twin currently includes over 640 million businesses globally. Veridion analyzes billions of digital signals to maintain and update this extensive business dataset. These signals include company websites, public registries, and regulatory documents from different markets.

Product catalogs, social profiles, and news sources are also integrated into the platform. The system uses this information to create a constantly updated view of companies and their commercial activities.

The platform can provide market analysis 52 times faster than traditional sources and covers more than 30 times more companies than many standard business analytics systems. This approach is aimed at organizations that require accurate and up-to-date commercial information.

The company is expanding amid growing volatility in global commercial conditions. Traditional business analytics often relies on quarterly or annual updates, which can pose problems during rapid changes or unexpected company disruptions.

Enterprises can be formed, fail, relocate, or change their risk profiles in much shorter timeframes. Veridion claims that its real-time data helps organizations identify these changes earlier. The platform can also show connections between suppliers and customers affected by changing commercial conditions.

This capability becomes critical when disruptions affect multiple companies in one supply chain. For example, during disruptions around the Strait of Hormuz, users were able to identify vulnerable enterprises and commercial links.

Veridion's clients collectively represent a market capitalization of nearly $2 trillion. As part of its expansion strategy, the company is now dedicating more resources to the US market. The Series A funding gives Veridion the necessary momentum to accelerate product development and strengthen ties with American institutions.

The company currently employs over 60 people in Europe and North America, but it plans to double its team in the US soon. This growth will help attract more clients and establish itself in the American market.

Hoxton Ventures noted that Veridion is transforming the methods of building business analytics. The investor emphasized that the real-time updating data model is a key part of the company's approach. Veridion believes that real-time information allows businesses to react sooner to changing commercial conditions.

The company's technology aims to replace static information with a continuously updated view of global business. The secured funding will provide Veridion with additional resources to expand the platform and develop new features, as well as support efforts to make live business analytics more accessible worldwide.