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Covenant Makes Follow-On Investment in Hill Research, Citing Fourfold Revenue Growth and Accelerating Market Adoption

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Covenant’s second commitment to Hill Research signals sustained conviction in a high-growth portfolio company operating at the intersection of artificial intelligence and life sciences.

PRINCETON, N.J., July 1, 2026 /PRNewswire/ — Covenant has made a follow-on investment in Hill Research, a portfolio company developing AI-powered infrastructure for clinical trial biostatistics and regulatory workflows. The New Jersey Economic Development Authority (NJEDA) Evergreen Innovation Fund participated as a limited partner in Covenant. The decision to reinvest is rooted in a disciplined, evidence-based evaluation of Hill Research’s execution since Covenant’s initial commitment, and it’s demonstrated ability to generate consistent, repeatable growth.

Hill Research increased revenue approximately fourfold from 2024 to 2025. Over the same period, the company’s enterprise value doubled. Heading into 2026, Hill Research is positioned to grow an additional 5 to 8 times, supported by accelerating adoption of its platform, TriClick, across pharmaceutical, biotechnology, and clinical research organizations.

Why Covenant Invested Again

Covenant’s investment framework prioritizes structure, discipline, and long-term conviction over short-term momentum.

Hill Research has consistently executed across product development, customer acquisition, and revenue generation. Its platform, TriClick, automates the statistical programming and regulatory submission pipeline from a locked clinical database to an FDA filing – a critical workflow in which precision, traceability, and efficiency directly affect the speed and cost of bringing treatments to market. TriClick provides a dramatic increase in the speed to generate FDA submission-ready outputs; for example, delivering TFL packages 300x faster with significantly fewer errors and fully traceable outputs. The company addresses a genuine operational gap in clinical research with a solution that is both scalable and fully compliant with regulatory requirements.

“Hill Research exemplifies the kind of Deep Tech innovation we champion – an AI-first engine that automates regulated clinical trial data and statistics workflows while producing submission-grade outputs. That fusion of agentic AI and experienced biostatistics teams reduces cycle time and mitigates risk for pharma companies, contract research organizations, and functional service provider. We’re thrilled to do this in New Jersey, where our partnership with NJEDA is catalyzing founders, capital access, and good jobs across the innovation economy.”

— René Bastón, Venture Partner at Covenant

“We’re thrilled to partner with Covenant Venture Capital. René’s digital health expertise and operator mindset will help us expand our AI-enabled offerings while maintaining the scientific rigor our sponsors count on. With Covenant Venture Capital and NJEDA’s Evergreen program behind us, we’re positioned to continue to scale our platform, grow our clinical trial data and statistics, and FSP capabilities, and deliver even greater impact for patients and the industry.”

— Louise Liu, Founder & CEO of Hill Research

Hill’s momentum has strengthened since Covenant’s initial investment: revenue grew fourfold from 2024 to 2025 while enterprise value doubled. For 2026, Hill targets 5-7x revenue growth and 7-8x valuation growth, with new capital supporting TriClick adoption, platform development, operations, and commercial expansion.

Recent Industry Recognition

Hill Research and Dr. Louise Liu have earned a growing portfolio of recognition. Hill Research was recently named to the 2026 Innovate100, recognizing New Jersey’s leading innovators across technology, healthcare, life sciences, finance, and academia.

In January 2026, Hill Research’s AI team presented three research projects at the SPARTA workshop during the 40th AAAI Conference on Artificial Intelligence in Singapore, one of the premier international academic conferences in AI, where Dr. Liu also delivered a keynote address.

Collectively, these honors reflect independent validation of Hill Research’s differentiated position within clinical AI and the caliber of leadership driving its growth.

About Hill Research 
Hill Research is a Princeton, New Jersey–based company developing AI infrastructure for clinical trial biostatistics and regulatory workflows. The company focuses on enabling scalable, compliant data and submission processes within the life sciences industry, delivering automation, traceability, and operational efficiency through its platform, TriClick.

Learn More: https://www.hillresearch.ai/

About Covenant 
Covenant is a high-net-worth alternative investment firm focused on private credit and growth-stage venture capital opportunities. The firm emphasizes education, disciplined decision-making, long-term relationships, and access to opportunities beyond traditional public markets.

Learn More:
https://www.covenantventurecapital.com/
https://x.com/covenant_vc
https://www.facebook.com/CovenantVentureCapital/

Contact Information 
René Bastón
Venture Partner
rene.baston@covenant-invest.com

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SOURCE Covenant Venture Capital

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HearingLife Introduces Oticon Reveal, the World’s First Dual AI-Powered Hearing Aid

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Designed to help people with hearing loss experience more natural and effortless listening

SOMERSET, N.J., Aug. 24, 2026 /PRNewswire/ — HearingLife, a leading provider of hearing healthcare, today announced the availability of the new Oticon Reveal™ hearing aids at HearingLife centers nationwide. Powered by the world’s first Dual AI technology, Oticon Reveal is designed to help people with hearing loss enjoy effortless listening by balancing speech and surrounding sounds, allowing users to stay engaged in everyday conversations and the moments that matter most.

Oticon Reveal introduces a new approach to hearing technology with Dual AI, a breakthrough system that helps keep voices and background sounds in harmony. By supporting the brain’s natural way of processing sound, the hearing aid is designed to make listening easier and help wearers build a more complete picture of their surroundings.

Additional features include:

Third-generation artificial intelligence technology designed to deliver clear speech and balanced environmental soundsAll-day battery life supports seamless connectivity for streaming, calls and everyday listening1Enhanced connectivity capabilities designed to provide a stable, high-quality listening and streaming experienceCompatible with Oticon CROS technology, offering a solution for individuals with single-sided hearing loss by transmitting sounds from the poorer-hearing ear to the better-hearing ear.

“Hearing is about more than simply amplifying sound, it’s about helping us stay connected to the people, places and experiences that enrich our lives,” said Dr. Leslie Soiles, Chief Audiology Officer at HearingLife. “Oticon Reveal represents an exciting advancement in hearing technology, helping wearers experience speech and surrounding sounds in a more natural balance so they can listen with greater ease, confidence and connection throughout the day.”

Oticon Reveal is built on Oticon’s BrainHearing™ philosophy and reflects a shift in how hearing technology supports the brain’s ability to process sound. This approach is based on scientific research2 showing that the brain relies on a full sound environment including crystal-clear speech and contextual sounds to understand, focus, and create meaning. People with hearing loss need to hear not just words, but all sounds – laughter, music, footsteps, birdsong – to make sense of the world.

The addition of Oticon Reveal further reflects HearingLife’s commitment to bringing innovative hearing solutions to consumers through personalized care and expert guidance. Oticon Reveal is also compatible with Oticon CROS technology, expanding access to hearing solutions for individuals with single-sided hearing loss. HearingLife hearing care professionals work closely with patients to understand their unique hearing needs, lifestyle preferences and communication goals, helping identify the right technology to support better hearing outcomes.

With more than 600 hearing care centers nationwide, HearingLife connects patients with licensed hearing professionals who provide personalized solutions tailored to individual hearing needs and lifestyles.

Oticon Reveal is now available at HearingLife centers nationwide. Individuals interested in learning more about the new hearing aid technology or scheduling a complimentary hearing test can visit HearingLife.com or contact their local HearingLife center.

About HearingLife
HearingLife is a national hearing care company and part of the Demant Group, a global leader in hearing healthcare built on a heritage of care, health, and innovation since 1904. HearingLife operates more than 600 hearing care centers across 42 states. We follow a scientific, results-oriented approach to hearing healthcare that is provided by highly skilled and caring professionals. Our vision is to help more people hear better through life-changing hearing health delivered by the best personalized care. To learn more, visit: https://www.hearinglife.com.

1Expected use time for rechargeable battery depends on use pattern, active feature set, hearing loss, sound environment, battery age and use of wireless accessories
2De Hoz & McAlpine (2024); Hicks & McDermott (2024); Johnson & Healy (2024); McAlpine & De Hoz (2023)

View original content to download multimedia:https://www.prnewswire.com/news-releases/hearinglife-introduces-oticon-reveal-the-worlds-first-dual-ai-powered-hearing-aid-302858364.html

SOURCE HearingLife

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Outmarket AI Joins New Applied Systems Vendor Certification Program

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Integration with Applied Epic enables agencies to securely leverage Outmarket AI for policy checking, quoting, proposals, and document intelligence connected to management system

SAN FRANCISCO, Aug. 24, 2026 /PRNewswire/ — Outmarket AI, the leading AI platform purpose built for insurance, today announced it has been named a certified integration partner in the newly launched Applied Systems® Vendor Certification Program. This milestone marks a significant step in Outmarket’s mission to deliver the value of AI across Commercial Lines, Personal Lines, and Employee Benefits.

By achieving certification, Outmarket AI offers a formalized, secure integration with Applied Epic® and allows access to specific data in the system to run policy checking, quote comparisons, generate proposals, and run benchmarks.

“We are excited to share that Outmarket is now a certified integration vendor in the new Applied Systems Vendor Certification Program,” said Vishal Sankhla, CEO of Outmarket. “This is an important step in our mission to help bring the value of AI to insurance professionals.”

Launched this month, the Applied Systems Vendor Certification Program provides a fast, trusted way for customers to extend the value of their Applied solutions. The program gives mutual customers a faster, lower-cost path to activate technology partners of their choice, requiring no additional purchase from Applied. As a certified vendor, Outmarket completed a rigorous onboarding and certification process to ensure the integration meets Applied’s strict standards for quality and reliability. Furthermore, Outmarket will have ongoing access to the latest Applied Epic releases to keep its integration current and fully responsive to the industry’s evolving needs.

“What I am most excited about is what this enables next,” added Anshu Jain, CTO of Outmarket. “Secure integration allows us to deliver more powerful capabilities to customers, and ultimately helps agencies streamline their operations while growing their book of business.”

Within Outmarket, every data point is cited to its source, a single-tenant architecture with SOC 2 Type II certification ensures data is secure, and agency data is never used for AI training.

For more information about Outmarket AI and its integration with Applied Epic, visit https://outmarket.ai/platform/integrations

Customers interested in working with a certified partner can learn more at appliedsystems.com/vendor-integration.

About Outmarket AI
Outmarket is the leading AI platform for insurance. Purpose built for brokerages, Outmarket delivers intelligent workflows across commercial, benefits, personal lines, and specialty insurance that turn hours of manual work into minutes. Over 250 of the world’s top brokerages trust Outmarket to reduce E&O exposure, accelerate client delivery, and unlock new revenue.

Outmarket is headquartered in San Francisco, California. Learn more at https://outmarket.ai/

Kevin LaHaise
Outmarket AI 
Kevin@LaHaiseFassi.com

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SOURCE Outmarket AI Inc

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Graebel Launches Switch, an AI-Powered Virtual Relocation Assistant, for Graebel CitySwitcher®

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DENVER, Aug. 24, 2026 /PRNewswire/ — Graebel Companies, Inc., a global leader in workforce mobility and managed services, today announced the launch of Switch, a new AI-powered virtual relocation assistant integrated into Graebel CitySwitcher®, its relocation guidance platform for self-managed moves. This announcement comes on the heels of a recent talent management technology implementation award win for CitySwitcher.

Graebel supports more self-managed moves than any other provider, bringing unmatched experience to the challenges employees face when navigating relocation independently. As more employees receive lump-sum benefits, cash allowances, or manage portions of their relocation themselves, the need for accessible, personalized guidance continues to grow. Switch expands CitySwitcher by helping employees navigate relocation decisions with greater confidence, while providing destination insights and resources tailored to their needs. Together, these capabilities turn a traditionally self-service experience into a more guided experience, while preserving the flexibility preferred by many of today’s mobile employees.

Switch combines Graebel’s global mobility expertise, relocation data, and AI to deliver industry-leading capabilities designed to solve real challenges employees face during self-managed moves. For example, employees relocating to an unfamiliar city often struggle to determine which neighborhoods best fit their needs and lifestyle, creating uncertainty that can delay important relocation decisions. Switch’s neighborhood-matching capability provides personalized recommendations to help employees identify promising areas to explore, giving them greater clarity and confidence as they move forward.

“For the last several years, Graebel has been highly invested in its technology, including CitySwitcher,” said Joey Ham, Global Head of Product at Graebel. “Switch is the latest enhancement to the CitySwitcher platform, combining AI-powered technology with Graebel’s relocation expertise to simplify the relocation experience and ultimately employee outcomes for our clients.”

How Switch Changes the Experience
Designed specifically for relocation, Switch delivers tailored guidance that helps employees evaluate options and turn uncertainty into action with practical recommendations that keep their moves progressing. Switch delivers:

Answers to relocation questions in real time, without searching across multiple sources.Guidance tailored to employees’ destinations and personal circumstances.Option comparisons and tradeoffs when making relocation decisions.Relevant resources, services, and next steps based on where employees are in their moves.

Benefits for Mobility Teams
Switch not only supports mobile employees managing their moves but also benefits the mobility teams responsible for the success of the moves. Here’s how Switch delivers for mobility teams:

Provides employees with real-time relocation guidance, reducing dependence on mobility teams to answer routine questions.Reduces program risk by directing employees to trusted relocation guidance and vetted resources instead of generic online searches or non-expert consumer AI tools.Extends relocation support beyond lump-sum and managed-move populations to all employees.

“We are focused on applying technology in ways that solve real challenges for both employees and mobility teams,” said Ham. “Switch is an important step forward, transforming relocation from a collection of tools and resources into a more guided experience that helps employees understand their options, make informed decisions, and move forward with confidence.”

To learn more about Graebel’s newest offering for your mobility program, contact us at www.graebel.com/contact.

About Graebel
Graebel is a global workforce mobility and managed services provider, helping the world’s leading organizations create certainty in an increasingly complex world. Combining strategic advisory, intelligent technology and deep human expertise, Graebel transforms workforce complexity into confident decisions—enabling organizations to move talent with greater visibility, agility and control.

Founded in 1950, Graebel supports organizations across 190 countries through decades of mobility expertise, strong governance and a carefully curated global partner network. By connecting workforce strategy, mobility and technology into one integrated experience, Graebel helps organizations unlock opportunity for their business and the people behind it. To learn more, visit www.graebel.com.

Media Contact:
Shannon Mueller
Linhart Public Relations
952-836-7903
smueller@linhartpr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/graebel-launches-switch-an-ai-powered-virtual-relocation-assistant-for-graebel-cityswitcher-302856686.html

SOURCE Graebel Companies, Inc.

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