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K2 Space announces $110M Series B and first successful in-space demonstration

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TORRANCE, Calif., Feb. 13, 2025 /PRNewswire/ — K2 Space today announced its $110 million Series B to ramp up mass production of its multi-orbit, high power satellite platform. The funding round, co-led by Lightspeed Venture Partners and Altimeter Capital, includes participation from existing investors Alpine Space Ventures, First Round Capital, and others. This milestone comes as K2 celebrates the opening of its new 180,000 square foot factory in Torrance, California, and the success of its first in-space demonstration flying a number of critical components developed in-house. Since its inception, K2 Space has raised $180M in equity and won over $50M in government and commercial contracts.

K2 Space is changing the economics of satellite connectivity and functionality, having designed a resilient, high power, high payload mass satellite platform at a cost that enables proliferation across orbits. With increasing demand for proliferated space applications requiring high throughput and levels of compute, K2’s solution provides an answer for customers who, until now, have been forced to trade between performance and affordability. The company plans to use the newly raised capital to scale production, hire talent, and bring additional components in-house.

“Advanced space capabilities can’t be built on small, low-powered platforms,” said Karan Kunjur, CEO at K2 Space, “but higher capability satellites have been far too expensive for most proliferated applications. This is the gap K2 fills – making highly capable, powerful satellites available to a much broader market. And because our satellites are designed to proliferate in higher orbits, our constellations require fewer satellites and fewer launches to provide global coverage.”

K2 Space recently announced a government contract for its first mission, “Gravitas”, which is designed to both demonstrate the platform’s ability to operate in the high radiation environment of medium-earth orbit (MEO), and perform the first of its kind low earth orbit (LEO) to MEO electric propulsion orbit raise. Taking advantage of the platform’s high power generation and versatile payload deck, the Gravitas mission will carry a mix of National Security and commercial payloads, demonstrating the ability to execute against critical mission areas while enabling a wide variety of space applications.

“We are at the dawn of a Space Supercycle,” said Erik Kriessmann, Partner at Altimeter Capital, “where new launch vehicles and reduced-cost, reliable access to space are transforming the entire market. K2 Space is taking advantage of this paradigm shift by mass-manufacturing multi-mission satellites that deliver unprecedented capabilities and enable multi-orbit constellations.” Added Connor Love, Partner at Lightspeed Venture Partners, “As the demands of space operations evolve, so too must the capabilities of satellite builders.”

K2 Space is entering 2025 on the heels of a blockbuster 2024 for the company. In addition to winning new government and commercial business, the company scaled from 25 to 90 full-time employees, and successfully completed full activation and operation of all hardware launched on its first in-space mission, including the flight computer, microcontroller core board, motor controller, and reaction wheel. Given how much of the bus K2 is building in-house, this successful component mission represents a major milestone – burning down significant technical risk – in preparation for Gravitas.

“We’ve attracted huge interest from both commercial and national security customers, who tell us that the platform we’ve designed is unique, differentiated, and unlocks a multitude of pressing applications for their organizations,” Karan continued. “As we’ve been able to prove out our technology and price point, customers have expressed greater excitement – but also urgency – in what we’re building. The Series B is a vote of confidence from our investors, and importantly, allows us to more quickly address what is a critical gap in the market.”

About K2 Space

K2 Space is developing a high-powered, low-cost satellite bus platform that delivers the capability of exquisite satellites at the price point and speed of small satellites. Redesigned from the reaction wheel up, the K2 bus multi-manifests up to ten satellites per launch vehicle, is made to handle the harsh environment of MEO and GEO, and has the highest power electric propulsion system ever flown – making it the platform of choice for Proliferated LEO, Proliferated MEO, and Proliferated GEO.  K2 Space was started by a team of former SpaceX engineers and has raised $180M in venture capital to date, with the backing of leading funds like Lightspeed Venture Partners, Altimeter Capital, and First Round Capital.

Media Contact: press@k2space.com

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SOURCE K2 Space

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Mastech Digital to Announce Second Quarter 2026 Financial Results; Participate in Upcoming Investor Conference

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July 24, 2026

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PITTSBURGH, July 24, 2026 /PRNewswire/ — Mastech Digital, Inc. (NYSE American: MHH) (“Mastech Digital”), a leading provider of Digital Transformation IT Services, today announced the date for the release of its financial results for the second quarter ended June 30, 2026, and its participation in an upcoming investor conference.

Second Quarter 2026 Earnings:

Mastech Digital will report its financial results for the second quarter 2026 before the market opens on Thursday, August 6, 2026. Management will host a live conference call and webcast at 9:00 a.m. Eastern Time on that day to discuss the Company’s financial performance and operating results.  The conference call will be hosted by Nirav Patel, President and CEO, and Kannan Sugantharaman, Chief Financial and Operations Officer.

Those wishing to participate via webcast should access the call through Mastech Digital’s Investor Relations website at https://investors.mastechdigital.com. Those wishing to participate via telephone may dial in at 1-800-715-9871 (USA) or 1-646-307-1963 (International) with the passcode 7506988. The replay will be available via webcast through Mastech Digital’s Investor Relations website.

Upcoming Investor Conference:

Mr. Sugantharaman will host a fireside chat at the Sidoti Micro-Cap Investor Conference on Wednesday, August 19, 2026, at 9:15 a.m. Eastern Time.

Mastech Digital management is scheduled to host virtual one-on-one and small group meetings with investors during the conference on August 19-20, 2026. Investors interested in arranging a meeting should contact their Sidoti representative or reach out to the Mastech Digital investor relations team at investors@mastechdigital.com.

About Mastech Digital, Inc.

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management, Analytics & AI Solutions, and IT Staffing Services with a digital-first approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA, with offices across the U.S., Canada, Europe, and India. Visit us at www.mastechdigital.com.

Investor Relations Contact:
investors@mastechdigital.com 

 

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SOURCE Mastech Digital, Inc.

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SOLAI Limited Announces Extraordinary General Meeting

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July 24, 2026

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AKRON, Ohio, July 24, 2026 /PRNewswire/ — SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that it will hold its extraordinary general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time.

Holders of record of ordinary shares and preference shares of the Company at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to receive notice of, and to attend and vote at, the extraordinary general meeting or any adjournment thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas.

The notice of the extraordinary general meeting, which sets forth the resolutions to be submitted to shareholder approval at the extraordinary general meeting is available on the Investor Relations section of the Company’s website at https://ir.solai.com. 

About SOLAI Limited

SOLAI Limited (previously known as “BIT Mining Limited”) (NYSE: SLAI) (previously traded under “BTCM”) is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

For more information:

SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com 

 

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SOURCE SOLAI Limited

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/U P D A T E — TrendAI/

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2 hours ago

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July 24, 2026

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This release has been updated to include new information provided by TrendAI. The complete, corrected release follows, with additional details at the end:

TrendAI™ Adopts Claude Opus 5 to Advance Vulnerability Prioritization and Virtual Patching

As a participant in Anthropic’s Cyber Verification Program, TrendAI applies frontier reasoning to convert vulnerability intelligence into faster protection across hybrid environments

DALLAS, July 24, 2026 /PRNewswire/ — TrendAI™, the enterprise AI security leader from Trend Micro Incorporated (TYO: 4704; TSE: 4704), today announced it is adopting Claude Opus 5, Anthropic’s latest and most capable Opus model, to help security teams convert vulnerability intelligence into immediate protection, from prioritization to virtual patching. The move builds on TrendAI’s collaboration with Anthropic on Claude Opus 4.8, extending the same defensive focus to a model that delivers step-change gains in advanced reasoning, agentic workflows, and long-horizon analysis. As AI makes finding vulnerabilities easier than ever, the harder problem becomes protecting organizations faster than software can be permanently patched, and that is where TrendAI is putting Opus 5 to work.

As a participant in Anthropic’s Cyber Verification Program, which credentials organizations for the defensive use of frontier AI models, TrendAI is positioned to apply Claude Opus 5 to defensive security as access becomes available. The model is Zero Data Retention compatible, supporting TrendAI’s governance and data-protection requirements as it scales AI across security operations.

The work extends to TrendAI Threat Research, where frontier AI models are combined with our proprietary frontier intelligence engine and human expertise to generate pre-disclosure intelligence. Those insights power TrendAI Vision One™, delivering stronger detection, deeper forensic insights, and proactive protection through virtual patching.

Rachel Jin, Chief Platform and Business Officer, Head of TrendAI™:
“With Claude Opus 5, TrendAI can move from vulnerability intelligence to action faster than ever, prioritizing what matters most by exploitability and business impact. Finding the vulnerability was always the hard part. Now the challenge is protecting organizations faster than software can be permanently patched, and frontier reasoning is what changes that equation, extending all the way to virtual patching that protects customers before a vendor fix ships. This is what it means to secure the AI age, fearlessly.”

These capabilities support TrendAI Vision One™ in helping security analysts, AppSec teams, and SOC teams prioritize exposure, map attack paths, and accelerate mitigation, including virtual patching, across hybrid environments, moving vulnerability management from a static scanning process into a faster, context-aware risk mitigation workflow.

About TrendAI™
TrendAI™, the global AI security leader and enterprise business unit of Trend Micro, empowers organizations with full AI visibility and consolidated security that inspires confidence, drives innovation, and eliminates risk. Trusted by the largest enterprises and governments across 185 countries, TrendAI™ secures the entire organization, from identities, to infrastructure, to data. Global Fortune 500 companies rely on TrendAI™ to cut risk and stop threats up to three months earlier, powered by world-leading threat and attack intelligence. Through deep ecosystem partnerships with market leaders like NVIDIA, Anthropic, AWS, Google, and Microsoft, TrendAI™ empowers your organization to securely drive forward at the speed of AI. AI Fearlessly. Learn more: trendaisecurity.com

About Anthropic
Anthropic is an AI safety and research company dedicated to building reliable, interpretable, and steerable AI systems. Its Claude family of models, including Claude Opus 5, enables advanced capabilities across a wide range of applications, including code understanding and security analysis.

Update: The latest version of this release includes additional statements from TrendAI related to the original announcement.

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SOURCE TrendAI

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