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Danish start-up Kvantify secures EUR 10 million seed round to unlock quantum computing potential, starting with life sciences

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The round is led by Danish VC Dreamcraft, together with biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees.

COPENHAGEN, Denmark, July 3, 2024 /PRNewswire/ — Kvantify, a leading quantum software start-up, has announced the successful closure of a EUR 10 million seed round. This funding will enable Kvantify to strengthen its position as a global leader in quantum computing, with an initial focus on developing applications for the life science sector.

The investment will accelerate the development of Kvantify’s innovative solutions that aim to leverage quantum computing to address complex problems in drug discovery and beyond. It will also boost the further development of quantum algorithms for chemical simulation, expanding their applicability across various industries.

The seed round is notable not only for its substantial size but also for the strategic match of the new investors to Kvantify’s mission. It is led by Danish VC Dreamcraft, together with biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees. Other notable investors include international sector-focused tech investor Redstone VC, Danish lead quantum VC 2xN as well as EIFO.

Lundbeckfonden BioCapital is a large Danish investor focused on local life science companies, supporting the translation and commercialization of ground-breaking science. This is Lundbeckfonden BioCapital’s first investment outside the therapeutics space.

“With our investment in Kvantify, we are broadening our footprint in and commitment to further strengthening the Danish life science ecosystem. Quantum computing can deliver accuracy and derisking to the early stages of drug development to a level not possible with classical computers, thereby enabling faster speed to market. We are therefore excited about this opportunity and look forward to working with the Kvantify team to bridge quantum computing and drug development to the future benefit of patients,” said Jacob Falck Hansen, Partner at Lundbeckfonden BioCapital.

Danish VC Dreamcraft invests in tech-driven companies, from pre-seed to series A, and has a proven track record with B2B SaaS software.

“We’re thrilled to partner with the team at Kvantify as they take a significant step forward in their mission to fulfill the promise of industrial applications of quantum computers. The potential of quantum chemical computational drug discovery is massive and represents a truly exciting beachhead market. We cannot wait to see how Kvantify will help solve today’s seemingly impossible problems and serve as a crucial tool in designing the solutions of the future.” – Carsten Salling, General Partner at Dreamcraft

Redstone QAI Quantum Fund is a highly specialized venture capital fund that focuses on investing in groundbreaking technologies within the quantum technologies sector.

“Kvantify’s focus on applying quantum computing to life sciences and further industrial use cases across various sectors aligns with our strategic vision of advancing practical and impactful quantum solutions. With their interdisciplinary team, in-depth knowledge of quantum technology, and innovative approach to enhancing computational efficiency, Kvantify is perfectly placed to bring tremendous value to commercial markets.” – Marco Stutz, Partner at Redstone.

In light of their successful product launch for a groundbreaking drug discovery tool, Hans Henrik Knudsen, CEO of Kvantify, comments:

“On behalf of the founding team, we are incredibly excited about the completion of our €10 million seed round, which marks a significant milestone for Kvantify. This funding not only validates our vision of leveraging quantum computing to revolutionize the life sciences industry but also provides us with the resources and strategic partnerships needed to accelerate our development and growth. With the support of new and existing investors, we are well-positioned to continue to bring groundbreaking solutions to market.”

About Kvantify
Kvantify is a pioneering quantum software company based in Denmark. The company leverages quantum and high-performance computing to create revolutionizing solutions for complex scientific and industrial challenges. Kvantify’s mission is to make quantum computing technology widely accessible, and a valuable tool for businesses worldwide. For more information, please visit (www.kvantify.com).

Additional questions
Klaus Eriksen, Communications Officer, Kvantify. Phone: (+45) 61 699 700. Email: kle@kvantify.com

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SOURCE Kvantify ApS

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Geographic Solutions Named in the Top 100 for the North America Inspiring Workplaces Awards

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PALM HARBOR, Fla., June 19, 2026 /PRNewswire/ — Geographic Solutions, the nation’s leading provider of workforce development software for state and local government agencies, is proud to announce that it has been named in the Top 100 for the 2026 North America Inspiring Workplaces Awards for the third consecutive year.

The Inspiring Workplaces Awards recognize organizations that prioritize their people by fostering a culture built on trust, purpose, and belonging. These are more than just great places to work – they are environments where individuals are encouraged to grow and succeed. This year’s winners represent a diverse range of organizations that are redefining what it means to put employees first in today’s complex and rapidly evolving workplace.

“Achieving Top 100 Inspiring Workplaces winner status for the third year in a row is a testament to the culture we’ve built together,” said Paul Toomey, President and Founder of Geographic Solutions. “This recognition reflects our ongoing commitment to empowering employees, fostering inclusion, and ensuring every team member has the opportunity to thrive.”

Independent judges recognized the company’s strong core values, intentional approach to growth, and ability to maintain a flourishing culture. Judges also highlighted impressive employee retention, commitment to diverse hiring practices, and leadership representation, underscoring continued focus on building an inclusive, values-driven workplace. 

In 2024 and 2025, Geographic Solutions was named in the Top 50 North America Inspiring Workplaces Awards and received recognition in the Culture and Purpose category. In 2024, Geographic Solutions was named to the Top 50 of the Top 100 Global Inspiring Workplaces Awards, standing out as one of the few North America–based organizations recognized at the global level.

For more information on this achievement, visit www.inspiring-workplaces.com/company/geographic-solutions.

About Geographic Solutions

Geographic Solutions is the nation’s leading provider of integrated software for state and local workforce agencies, serving more than 40 states and U.S. territories. The company’s online platforms support all federally funded workforce and partner programs, including WIOA, labor exchange, labor market information, education, reentry, human services, and unemployment insurance. Geographic Solutions’ software is currently being utilized by over 1,100 American Job Centers and is accessible to over 211 million individuals across the country. For more information, visit www.geographicsolutions.com

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SOURCE Geographic Solutions, Inc.

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Real Estate Expert Stephanie Duran Explains Considerations for Buyers and Sellers in HelloNation

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SANTA FE, N.M., June 19, 2026 /PRNewswire/ — What should buyers and sellers really consider when choosing a real estate team in Santa Fe? In a recent feature with HelloNation, Stephanie Duran of Veritas Real Estate Partners offers clear guidance: look for embedded local expertise, not just credentials. The article outlines how the most effective real estate professionals go beyond market stats to provide clients with insight into lifestyle factors, neighborhood nuance, and the long-term implications of a purchase.

Duran emphasizes that Santa Fe is a city composed of distinct micro-markets. A strong Santa Fe real estate team understands how proximity to Canyon Road, differences in elevation, or traffic patterns can alter a homeowner’s daily experience. These seemingly small details affect everything from home value to livability. Long-standing teams often bring crucial zoning and land use insight that helps buyers and sellers assess not just a home’s current appeal, but its future prospects as well.

The article also highlights the importance of listening. Real estate professionals who succeed in Santa Fe don’t simply push listings—they interpret what clients value and filter accordingly. With a market that ranges from traditional adobe homes to contemporary architectural builds, clarity and restraint are essential. The piece, What to Look For in a Santa Fe Real Estate Team, features advice from Stephanie Duran of Veritas Real Estate Partners on how local real estate expertise translates into stronger outcomes for clients.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

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SOURCE HelloNation

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Xiao-I Corporation Provides Update on First-Instance Rulings in Patent Litigation Against Apple; Company Intends to Appeal to the Supreme People’s Court

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SHANGHAI, June 19, 2026 /PRNewswire/ — Xiao-I Corporation (NASDAQ: AIXI) (“Xiao-I” or the “Company”), a leading developer of AI solutions, provided a material update on the patent-related litigation between its variable interest entity, Shanghai Xiao-I Intelligent Network Technology Co., Ltd. (“Shanghai Xiao-I”), and Apple Inc. and its affiliated entities (collectively, “Apple”) before the Shanghai High People’s Court.

On June 10, 2026, the Shanghai High People’s Court issued first-instance judgments on two parallel cases:

Invention Patent Infringement action (Case No. (2020) Hu Zhi Min Chu No. 7): The court dismissed all litigation claims filed by Shanghai Xiao-I, in which the Company alleged that Apple’s Siri technology infringed Shanghai Xiao-I’s invention patent titled “A Chat Robot System” (Patent No. 200410053749.9).Confirmation of non-patent-infringement action (Case No. (2022) Hu Zhi Min Chu No. 3): The court ruled that the specified iPhone models equipped with Siri do not fall within the protection scope of the subject patent. The court also rejected Apple’s claim for RMB 2 million in compensation for reasonable litigation expenses, including attorney fees, translation fees and notarization fees.

As previously disclosed on March 31, 2026, the Supreme People’s Court of the People’s Republic of China issued a final and binding second-instance ruling upholding the validity of the subject patent and rejecting Apple’s application to have the subject patent declared invalid. The validity of the patent remains final and non-appealable. The Supreme People’s Court’s prior ruling addressed only the validity of the patent. The present proceedings concern whether Apple’s Siri products fall within the scope of the patent claims and therefore constitute infringement.

The Company is disappointed with the first-instance rulings on infringement findings. The Company respectfully disagrees with the factual and legal findings reflected in the first-instance judgments and believes substantial grounds exist for appeal. The Company intends to formally lodge appeals with the Supreme People’s Court within the statutory time limit. The Company will vigorously assert its legitimate intellectual property rights and interests in accordance with applicable laws.

While Xiao-I remains confident in the merits of its case, there can be no assurance as to the ultimate outcome of the appellate proceedings. There is no guarantee that the Company will be awarded any financial compensation or obtain a favorable ruling on appeal. Investors are strongly encouraged to conduct their own due diligence and review all relevant information before making investment decisions.

Xiao-I will keep shareholders and the public informed of any material further developments in a timely manner.

About Xiao-I Corporation

Xiao-I Corporation is a leading cognitive intelligence enterprise in China that offers a diverse range of business solutions and services in artificial intelligence, covering natural language processing, voice and image recognition, machine learning, and affective computing. Since its inception in 2001, the Company has developed an extensive portfolio of cognitive intelligence technologies that are highly suitable and have been applied to a wide variety of business cases. Xiao-I powers its cognitive intelligence products and services with its cutting-edge, proprietary AI technologies to enable and promote industrial digitization, intelligent upgrading, and transformation. For more information, please visit: www.xiaoi.com.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s ability to achieve its goals and strategies, its future business development, financial condition, and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, fluctuations in general economic and business conditions in China, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission (“SEC”). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, including under the section entitled “Risk Factors” in its annual report on Form 20-F, as amended by Form 20-F/A filed with the SEC on May 22, 2026, as well as its current reports on Form 6-K and other filings, all of which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

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SOURCE Xiao-I Corporation

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