Connect with us

Technology

SC Ventures and SBI Join Soter Insure’s Series B Alongside Follow-On from Token Bay Capital

Published

on

The strategic investment from two global institutional-grade players, alongside follow-on support from Token Bay Capital, joins a Galaxy-led round that also includes Coinbase Ventures, Franklin Templeton and Brevan Howard Digital.

ABU DHABI, UAE, Nov. 5, 2026 /PRNewswire/ — Soter Insure, a specialist insurer for the digital asset economy, today announced that SC Ventures, the innovation and ventures arm of Standard Chartered, and Japanese financial group SBI Group have joined its Series B as strategic investors, adding to the round led by Galaxy.

SC Ventures and SBI join Soter Insure’s Galaxy-led Series B, alongside follow-on from Token Bay Capital

This second close also includes follow-on investment from Token Bay Capital, a Soter backer since its Series A. The new investors join Coinbase Ventures, Franklin Templeton and Brevan Howard Digital, which participated in the first close announced in July 2026.

Insurance capacity remains one of the main missing pieces for banks and asset managers entering digital assets. Without it, institutions cannot apply the same risk standards they use for every other asset class. The backing of two global financial groups that are active in digital assets reflects a growing recognition that specialized coverage is a prerequisite for institutional participation.

Soter Insure will use the proceeds to increase its insurance capacity, deepen its underwriting and technology capabilities, and expand into mature and emerging digital asset markets, including Asia-Pacific through its Hong Kong presence, Europe and the US.

“Banks can’t scale in digital assets without the risk protection they rely on everywhere else, and today that protection is still scarce,” said Henson Orser, Founder and CEO of Soter Insure. “With SC Ventures and SBI Group joining Galaxy, Coinbase Ventures and Franklin Templeton, we now have traditional finance and digital asset natives behind the same goal: insurance capacity at institutional scale. Our strategic investors now span most of the jurisdictions and networks at the forefront of digital asset adoption. We’re grateful to Token Bay Capital for backing us again, and to Galaxy for leading the round.”

Herve Francois, Principal, Digital Assets Fund, SC Ventures, said: “Insurance is a critical but often overlooked part of the digital assets ecosystem. Our investment reflects our belief that Soter is uniquely positioned to build a regulated insurance platform that can scale to meet institutional needs and support the industry’s continued development globally.”

Yangte Kim, Representative in the UAE of SBI Group, added: “As digital assets continue to gain broader adoption, we believe the development of robust insurance solutions will be an increasingly important part of the ecosystem. Soter brings together deep expertise across regulation, digital assets and traditional insurance to address this important market need. Through our investment, SBI Group looks forward to supporting Soter’s growth and contributing to the continued development of a more resilient global digital asset ecosystem.”

For more information about Soter Insure, visit soter.insure.

About Soter Insure

Headquartered in Abu Dhabi and operating out of Bermuda, with offices in London, New York and Dubai, Soter Insure was incubated by Further Ventures and WebN Group. The company offers specialized digital asset insurance products for financial institutions, including Directors & Officers (D&O), Professional Indemnity (PI), Crime, Specie, Slashing and Smart Contract Failure coverage, uniquely denominated in both fiat and native digital assets.

About SC Ventures

SC Ventures is Standard Chartered’s innovation, fintech investment and venture-building platform. Since 2018, it has built, operated and scaled ventures, and made minority investments, deploying more than $1 billion across 30+ portfolio companies globally. It builds, invests in and partners with ventures shaping the future of financial services across digital banking, digital assets, SME growth, financial inclusion, trade and cross-border infrastructure. In the Middle East, SC Ventures has grown from 2 ventures to 10 in two years across the UAE and Saudi Arabia, with Egypt next on the roadmap, supporting regional growth through disciplined venture building, strategic partnerships and regulated innovation aligned with national economic visions.

About SBI Group

Founded in 1999, the SBI Group is a comprehensive internet financial group and a pioneer of internet-based financial services in Japan. The Group operates a Financial Services Business centered on securities, banking, and insurance, providing highly convenient products and services at competitive prices through the internet. In addition, the SBI Group operates Asset Management Business, PE Investment Business, Crypto-asset Business, and Next Gen Business on a global scale.

About Token Bay Capital

Token Bay Capital is a venture capital firm investing in digital asset and blockchain infrastructure. Founded in Hong Kong in 2021 and now headquartered in Abu Dhabi Global Market (ADGM), Token Bay Capital Limited is authorized and regulated by the Financial Services Regulatory Authority (FSRA) as a Venture Capital Fund Manager. It backs early-stage companies building the infrastructure institutions need to use digital assets: custody, trading, payments, on-chain finance and tokenization.

Media enquiries
Konstantin Sinev
media@soter.insure

View original content to download multimedia:https://www.prnewswire.com/news-releases/sc-ventures-and-sbi-join-soter-insures-series-b-alongside-follow-on-from-token-bay-capital-302930335.html

SOURCE Soter Services North America LLC

Continue Reading

Technology

Ashling’s Morgan Conque Named SMB Leader of the Year Finalist at the 2026 U.S. Forces in Business Awards

Published

on

By

The world’s largest celebration of veteran talent lands in Dallas, Texas, on December 10 to spotlight outstanding former service members driving American business forward.

CHICAGO, Nov. 6, 2026 /PRNewswire/ — Morgan Conque, Vice President of Go-to-Market at Ashling, a leading global provider of AI and Automation consulting and development services, has been named a finalist for SMB Leader of the Year at the 2026 U.S. Forces in Business Awards. Now in its ninth year, the program is the world’s largest celebration of military veterans in the civilian workforce, with this year’s shortlist selected from hundreds of nominations.

A U.S. Army officer commissioned through ROTC, Morgan served with NATO forces in Germany, ran personnel operations in South Korea, and advised an Afghan army hospital, where she helped cut the medical evacuation cycle from 17 hours to 3. She concluded her service as the Medical Operations and Logistics Officer for the First Cavalry Division, supporting more than 18,000 soldiers.

Morgan’s military experience translated into business leadership from the start. Following her service, she led branch operations for a large specialty infusion pharmacy team, then moved into intelligent automation and rapidly expanded her scope from bid manager to leading sales platforms, enablement, content, and strategy. Her education supports that trajectory, including a Bachelor of Science in Biology from Seattle University, a Master of Science in Biosecurity and Disaster Preparedness from Saint Louis University, and an Executive MBA from Baylor University’s Hankamer School of Business.

Today, Morgan leads go-to-market strategy at Ashling, aligning sales, marketing, and partnership teams to drive the fast-paced growth and navigate the ever evolving market landscape. “I look back on my transition into AI and automation as serendipitous,” Conque said. “The discipline I built in the Army, leading teams, making decisions with incomplete information, and staying accountable to the mission, carried directly into this field and suited me well. I remain fascinated by the conversations I’m part of and excited about where the industry is headed.”

More than 200,000 service members leave active duty in the United States each year, yet research by ZipRecruiter and the Call of Duty Endowment found that almost one-third of veterans are underemployed, a rate 15.6% higher than among their non-veteran peers. Morgan’s career is a testament to what that talent can achieve. Established in 2018, the Forces in Business Awards celebrate veteran role models like her, reflecting the breadth of industries and professional disciplines where former service members are making their mark.

Rear Admiral (Ret.) Milton “Jamie” Sands III, President and CEO of Special Operations Warrior Foundation, official charity partner of the U.S. Forces in Business Awards, said: “Congratulations to this year’s finalists, whose achievements demonstrate the value military experience brings to business. Service develops leaders who take responsibility, build strong teams, and deliver under pressure. These finalists are putting those qualities to work in new ways, strengthening their organizations and communities while helping others see what is possible after military service.”

Marshall Sied, Co-Founder and Co-CEO of Ashling, said: “Morgan’s experience as a military veteran has clearly laid a strong foundation for the evolution of her career.  At Ashling, she balances our fast-paced industry and constantly evolving capabilities with enthusiasm and clarity.  Morgan has the unique ability of being a creative thinker, inspiring team leader, and strong operational executor all at once. We are honored to have Morgan help lead the charge on many of our most mission-critical initiatives. She is a very deserving finalist.”

Winners will be announced on December 10, 2026, at a black-tie gala in the Lincoln Ballroom at the Hilton Dallas Lincoln Centre, hosted by longtime CBS News anchor and Gold Star son Doug Dunbar.

About Ashling

Ashling is a global AI and automation consulting and development firm specializing in digital process transformation. They align on what value means for enterprises, design, build and manage solutions that work from pilot to production, and architect an operating model designed for rapid deployment and compounding success.

Ashling’s delivery accelerators get clients to production 5x faster and prove ROI sooner, backed by a delivery team of forward-deployed AI pods and award-winning innovation. Ashling is the firm enterprise clients trust, with over 400 clients across industries, an 86 NPS, and an unwavering commitment to the business outcomes they deliver.

About the Forces in Business Awards

The Forces in Business Awards is the world’s largest business celebration of the military community. Taking place in the United States and United Kingdom, the Awards program is the leading platform for uncovering and showcasing the achievements and talents of veterans, presenting them as visible role models for transitioning service members and recognizing aspirational employers for current and former servicemen and women. The prestigious events promote the value that veterans add to the economy after service.

Media Contact

Madison Ramsay, Senior Marketing Manager, Ashling madison.ramsay@ashlingpartners.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/ashlings-morgan-conque-named-smb-leader-of-the-year-finalist-at-the-2026-us-forces-in-business-awards-302932150.html

SOURCE Ashling Partners

Continue Reading

Technology

Diamond Foundry Announces First-Ever D200mm Single-Crystal Diamond

Published

on

By

Breakthrough culminates 25 years of scientific pursuit and establishes a new scale for single-crystal diamond

SAN FRANCISCO, Nov. 6, 2026 /PRNewswire/ — Diamond Foundry Inc. today announced a major milestone in the history of materials technology: the creation of the first-ever D200mm single-crystal diamond, measuring 200 millimeters in diameter.

Diamond Foundry creates the world’s first 200mm single-crystal diamond, bringing diamond to semiconductor wafer scale.

The achievement marks a fundamental step forward in humanity’s ability to manufacture diamond as a technology material at semiconductor-relevant scale.

The announcement accompanies a keynote by Diamond Foundry CEO Martin Roscheisen, delivered by video at CarbonSemi 2026 in Ningbo, China. Watch the keynote: https://youtu.be/ae0XQBDlLMQ.

Diamond has long been recognized as an extraordinary material for technology. It combines the highest thermal conductivity with exceptional mechanical strength, electrical insulation, optical properties, and the potential for extreme electronic performance. Yet its use in advanced technology has been constrained by one basic limitation: size.

Diamond Foundry’s D200mm breakthrough changes that.

Producing single-crystal diamond at D200mm scale required overcoming fundamental challenges in crystal growth, plasma physics, reactor engineering, materials science, process control, and manufacturing. The result is not an assembly of individual diamond pieces and not a polycrystalline diamond wafer. It is a single-crystal diamond at D200mm scale.

“This is one of those milestones that once seemed almost impossible,” said Martin Roscheisen, CEO of Diamond Foundry Inc. “Hundreds of DF engineers, scientists, and technicians contributed to us getting here. It is the accumulated result of countless experiments, failures, inventions, rebuilt machines, and insights over more than a decade.”

Roscheisen particularly recognized Stefan Gsell and Martin Fischer, whose work on scaling single-crystal diamond began 25 years ago.

“Stefan and Martin pursued this goal for 25 years,” Roscheisen said. “There are very few examples in technology of someone sticking to a really hard scientific challenge with that level of perseverance. They kept going when the prevailing view was that single-crystal diamond simply could not be made at this scale. Today, the perseverance shows as the first-ever D200mm single-crystal diamond. And best of all, it makes D300mm predictable as well.”

From Gemstone Dimensions to Semiconductor Dimensions

The semiconductor industry is built around the ability to manufacture extraordinary materials at wafer scale. Silicon’s progression toward larger wafers transformed electronics by allowing increasingly sophisticated devices to be manufactured economically and repeatably.

Diamond has never had an equivalent scaling path.

Natural diamond is constrained by geology. Conventional lab-grown diamond has historically been constrained to relatively small crystal dimensions. Even as the extraordinary properties of diamond became increasingly relevant to high-power electronics, AI computing, optics, quantum systems, and other advanced technologies, crystal size remained a fundamental bottleneck.

The D200mm single-crystal diamond milestone demonstrates a path beyond that limitation.

For Diamond Foundry, the achievement is part of a broader effort to turn single-crystal diamond from a scarce material measured in gemstones into a tech-industrial semiconductor substrate manufactured at scale.

The implications are particularly significant as computing systems encounter increasingly severe thermal constraints. Modern AI processors concentrate enormous amounts of power into microscopic regions of silicon. Diamond’s exceptional thermal conductivity can spread that heat at the material level, creating new possibilities for chip architectures, power densities, reliability, and cooling.

Twenty-Five Years of Perseverance

The D200mm achievement has roots extending well beyond Diamond Foundry itself.

For 25 years, Gsell and Fischer pursued the underlying scientific and engineering challenge of growing high-quality single-crystal diamond of scalable size. Their work ultimately became part of a much larger effort involving hundreds of people across Diamond Foundry.

The milestone reflects advances spanning plasma generation, growth chemistry, reactor architecture, crystal engineering, thermal management, metrology, automation, and manufacturing.

“Technology history is often written around the moment something finally works,” Roscheisen said. “But that moment rests on the people who were willing to spend years — sometimes decades — making it work. This diamond exists because hundreds of people contributed, and because a few people refused to give up on the idea for 25 years.”

A New Scale for Diamond

Diamond Foundry views D200mm not as an endpoint, but as the beginning of a new manufacturing era for diamond.

The company is developing single-crystal diamond for semiconductor and advanced-technology applications where diamond’s combination of thermal, mechanical, electrical, and optical properties can enable performance beyond the limits of conventional materials.

The first D200mm crystal is shown as grown and unpolished — directly from the growth process.

For a material that nature forms only under extraordinary conditions deep inside the Earth, the significance is simple:

Single-crystal diamond has entered the wafer-scale era.

About Diamond Foundry Inc.

Diamond Foundry is the #1 producer of single-crystal diamond in the world. Founded in San Francisco, the company created the world’s first diamond wafer and is scaling volume production of chip substrates with a $2.77B EU Chips Act project in Spain.

Media contact: Jeff Yurek, j@df.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/diamond-foundry-announces-first-ever-d200mm-single-crystal-diamond-302931849.html

SOURCE Diamond Foundry

Continue Reading

Technology

Qued Ranks No. 5 on FreightWaves’ 2027 FreightTech 25, Its Third Straight Year on the List

Published

on

By

An independent panel ranked the AI appointment scheduling platform No. 5 of 25 companies selected from the 2027 FreightTech 100. FreightWaves announced the rankings Oct. 26 at the inaugural F3 Awards Dinner in Chattanooga.

BROADLANDS, Va., Nov. 6, 2026 /PRNewswire-PRWeb/ — Qued, a leader in developing sophisticated, automated appointment scheduling solutions for supply chain and logistics companies, today announced that it ranked No. 5 on the 2027 FreightTech 25, the FreightWaves list of 25 companies recognized for innovation across freight technology and transportation. FreightWaves revealed the list on Oct. 26 at the inaugural F3 Awards Dinner in Chattanooga, Tennessee.

Our customers earned this ranking. They book their appointments through Qued from inside the systems they already run, and we will keep building for the people who move freight every day.

This is the third year in a row Qued has made the FreightTech 25. Qued debuted at No. 6 in 2025 and ranked No. 3 in 2026.

The FreightTech 25 is selected from the FreightTech 100, a broader list of 100 companies FreightWaves recognizes for innovation in freight and supply chain technology. An independent panel ranks those 100 companies to set the top 25, and the accounting firm Henderson, Hutcherson & McCullough oversees the voting. FreightWaves recognized all 100 companies at the F3 Awards Dinner, where Sope Creek presented the 2027 FreightTech Awards.

“Appointment scheduling rarely makes headlines, so a third straight year on the FreightTech 25 means a lot to our team,” said Prasad Gollapalli, CEO and founder of Qued. “Our customers earned this ranking. They book their appointments through Qued from inside the systems they already run, and we will keep building for the people who move freight every day.”

Qued’s platform uses machine learning to find the best appointment slots in real time, weighing ETAs, facility capacity, historical performance, and the specific requirements of each location. Qued connects directly to the transportation management system a broker, 3PL, or carrier already runs, and it books through facility portals, email, and AI voice calls to facilities that only book by phone.

The full 2027 FreightTech 25 is published on FreightWaves.com.

About Qued

Qued is a cloud-based, AI-powered smart workflow automation platform transforming load appointment scheduling for brokers, 3PLs, and carriers. By automating the scheduling process, Qued eliminates manual work, simplifies multi-stop load appointments, and ensures seamless coordination across the supply chain, improving both operational efficiency and customer satisfaction. For more information, visit www.qued.com or contact us at contact.us@qued.com.

Media Contact

Adam Robinson, Qued, 1 2148720780, adam@the-robinson-agency.com, https://www.qued.com/

View original content:https://www.prweb.com/releases/qued-ranks-no-5-on-freightwaves-2027-freighttech-25-its-third-straight-year-on-the-list-302931740.html

SOURCE Qued

Continue Reading

Trending