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Sophia Space Announces $7 Million SAFE Financing, Bringing Total Funding to $22 Million

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Strategic investors include EverGreen Fund – The NVIDIA Alumni Investment Network, SparkLabs Group, and other leading backers supporting the future of AI-powered space technology.

PASADENA, Calif., June 23, 2026 /PRNewswire/ — Sophia Space, the company building the next generation of AI infrastructure and intelligent systems for the space economy, today announced the finalizing of a $7 million SAFE financing round, bringing the company’s total funding to $22 million to date.

The round includes participation from EverGreen – The NVIDIA Alumni Investment Network – Evergreen, SparkLabs Group, and other strategic investors who share Sophia Space’s vision of accelerating the convergence of artificial intelligence and space technologies.

The new capital will be used to expand product development, grow engineering and commercial teams, accelerate strategic partnerships, and support deployment of Sophia Space’s technology platform across government, commercial, and international markets.

“This financing marks an important milestone,”said Rob DeMillo, Founder and CEO of Sophia Space. “As initiatives like Golden Dome and proliferated satellite constellations reshape the space landscape, demand for autonomous, on-orbit computing is growing rapidly. We’re grateful for the support of investors who share our vision for the future of intelligent space infrastructure.”

The participation of EverGreen, SparkLabs, and other prominent technology-focused investors underscores growing market confidence in the transformative potential of AI-enabled space technologies and autonomous systems.

“EverGreen backs companies at the frontier of AI infrastructure, and Sophia Space is a direct expression of that mission. Building modular, AI-optimized compute for orbit isn’t an adaptation of Earth-based architecture. It’s a ground-up rethink. Our network brings deep expertise across the full AI and HPC stack, and we’ll support Sophia not just at close but through the technical and commercial milestones ahead,” said Jeff Brown, Founding Partner at EverGreen, the NVIDIA Alumni Investment Network. .  

“Sophia Space is operating at the intersection of two of the most transformative technology trends of our time: artificial intelligence and the expanding space economy,” noted Bernard Moon, Co-founder & Partner at SparkLabs Group.  “Their team has demonstrated a clear vision, strong technical execution, and a compelling strategy for building the intelligent infrastructure that future space operations will require.”

Since its founding, Sophia Space has focused on developing technologies that enable more intelligent, scalable, and autonomous operations across the rapidly expanding space economy. The company is positioned at the intersection of artificial intelligence, advanced computing, and aerospace innovation, addressing emerging opportunities in both terrestrial and orbital environments.

“We believe the future of space will be increasingly driven by intelligent systems,” added Founder and CTO Dr. Leon Alkalai. “This investment allows us to move faster, deepen our technical capabilities, and continue delivering solutions that help define the next era of space innovation.”

With total funding now reaching $22 million, Sophia Space is accelerating its roadmap while expanding its presence within the global AI and aerospace ecosystems.

About Sophia Space  

Sophia Space is building advanced AI-powered technologies and infrastructure for the emerging space economy. By combining cutting-edge artificial intelligence, autonomous systems, and aerospace innovation, the company enables organizations to operate more intelligently, efficiently, and securely across space and terrestrial environments.

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SOURCE Sophia Space

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FranklinWH to debut multi-phase hybrid battery system and new software technology at All Energy Australia 2026

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The company will show the hybrid system for the Australian and New Zealand market, plus two software tools for homeowners and installers, at Booth HH135 on 28 and 29 October.

MELBOURNE, Australia, Oct. 27, 2026 /PRNewswire/ — FranklinWH, a global leader in whole-home energy management and battery storage, will unveil a multi-phase hybrid battery system for the Australian and New Zealand markets at All Energy Australia 2026. It will also preview two software tools, Energy Optimiser for FranklinWH App users and the Connect Portal for installers.

Taking place Wednesday 28 and Thursday 29 October 2026 at the Melbourne Convention and Exhibition Centre (MCEC). At Booth HH135, FranklinWH will showcase its multi-phase hybrid home energy system and software tools.

Multi-phase hybrid system

The multi-phase hybrid system connects battery storage directly to the solar panels, which simplifies installation and reduces wiring.

Homeowners may select a streamlined setup with a built-in aPower controller for essential energy management, or add an external FranklinWH aGate controller for greater flexibility. The aGate supports additional solar, generators, vehicle-to-load (V2L) and Smart Circuits, which manage individual household loads.

“Our hybrid system connects the battery straight to the solar panels, so there is less wiring to run, and it pulls apart to fit through tight spaces. At All Energy we’re looking forward to showing installers the multi-phase design that will enable more Australian households to achieve energy freedom,” said Ke Bi, global CEO at FranklinWH.

Both setups support single, split and three-phase grids, so the hybrid system suits properties from urban homes to larger properties with heavy loads.

Software

Alongside the hardware, FranklinWH will preview two software tools. One aims to help households get more value from their batteries, and the other aims to reduce installation time for installers.

Energy Optimiser

Traditional home energy management systems rely on fixed time-of-use (TOU) schedules that charge and discharge batteries during preset windows and offset grid electricity only at peak hours. Static schedules fall short when a household’s usage and the weather depart from the tariff timetable. Energy Optimiser replaces fixed routines with predictive decisions.

By analysing real-time tariffs, solar forecasting, consumption habits and the battery’s state of charge, it adjusts when the battery charges and discharges, directing stored energy to any period of high value rather than a single peak window.

Connect Portal

Connect Portal is an online platform for FranklinWH’s installer partners. It automates qualification reviews to speed up approvals, lets installers manage team members, training and certifications in one place, and connects certified installers with qualified homeowner leads.

“A fixed schedule treats every day the same, and no two days are the same, so Energy Optimiser reads the tariff, the solar forecast and how a household actually uses power, then adjusts the battery to match. The Connect Portal handles qualification reviews, training and certifications, and it puts certified installers in touch with qualified homeowner leads,” said Ke Bi.

Visitors to Booth HH135 can see live demonstrations of the hybrid system and previews of both software tools.

About FranklinWH

FranklinWH designs and manufactures whole-home energy management and battery storage systems that integrate solar, battery, generator and grid power. Headquartered in Silicon Valley, California, with an Australian office in Macquarie Park, Sydney, FranklinWH develops hardware and software solutions that help homeowners manage energy use, increase energy independence and maintain backup power. The company continues to expand its product offerings and installer network across Australia and New Zealand.

For more information, visit www.franklinwh.com.

Media contact
Media@franklinwh.com

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SOURCE FranklinWH Australia Pty Ltd

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Nearmap Backs Australian Small Businesses with Accessible Property Intelligence

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New MapBrowser Essentials and Pro plans give smaller teams greater cost certainty, more flexibility, and room to grow

SYDNEY, Oct. 27, 2026 /PRNewswire/ — Nearmap, the global property intelligence company born in Australia, is making its aerial imagery and property intelligence more accessible to small and medium-sized businesses with two new MapBrowser unlimited data pricing plans designed to meet the needs of smaller teams.

MapBrowser is the Nearmap web-based mapping application, giving businesses access to high-resolution aerial imagery and property intelligence data to explore sites, assess properties, and make more informed decisions.

With businesses navigating ongoing cost pressures and balancing investment with changing project demands, MapBrowser Essentials and MapBrowser Pro give organisations greater choice in how they access and use property intelligence. The new plans introduce user-based pricing for customers requiring five or fewer user licenses, removing consumption-based usage limits and giving teams greater certainty over their costs.

The announcement builds on Australian roots and longstanding commitment Nearmap has to helping organisations of different sizes put property intelligence to work. For smaller businesses, consultancies, agencies, and teams taking on new projects, access to high-quality property and site data can help inform decisions, support more efficient workflows and create opportunities to compete with greater confidence.

“Small businesses are an important part of Australia’s economic fabric, and they deserve access to technology that helps them do their best work,” said Andy Watt, CEO of Nearmap. “We were born in Australia, and supporting businesses as they grow has always been part of our story. These new MapBrowser plans give smaller teams more flexibility in how they get started, with the confidence to use the platform as their work demands and expand their capabilities when they’re ready.”

MapBrowser Essentials offers an affordable entry point for organisations that primarily need aerial imagery, making it easier for new customers to begin using Nearmap on a smaller scale. MapBrowser Pro delivers a broader set of standard capabilities, including 3D and digital surface model (DSM) exports and building footprints, providing additional functionality for customers with more advanced requirements. Both of these new plans include the full range of Nearmap historical imagery, as well as vertical, panorama, and oblique images.

“New drivers learn on Australian roads, so we build our training on real Australian intersections rather than generic ones”, said Schalk Pienaar, Founder and CEO of Nexefy. “Nearmap’s imagery is what makes that practical for a team our size, and paying by user rather than by usage means we can keep building without watching a meter.”

Both plans are designed to give customers greater control over how they access MapBrowser. With user-based pricing and no consumption-based usage limits, teams can use the platform as their projects require without having to monitor usage or worry about exceeding consumption caps.

The plans also provide a flexible path forward. Businesses can start with the functionality they need today, then add users or move to more advanced capabilities as projects develop and their requirements change. This enables smaller organisations to adopt property intelligence at a pace that works for their business, without having to garnish usage to align to monthly data limits.

By making it easier for smaller teams to get started and grow with Nearmap, the new plans extend access to property intelligence across Australia’s diverse business landscape, helping more organisations make informed decisions about the places and properties that matter to them.

To learn more, visit: https://www.nearmap.com/au/products/mapbrowser

About Nearmap

Nearmap is a global property intelligence company redefining how organizations understand and act on the built environment. By owning the entire intelligence value chain—from high-recency geospatial capture powered by patented camera technology to accurate AI-derived analytics and guaranteed building materials data—Nearmap delivers a single, trusted source of truth for property decisions. Insurers, government agencies, and AECO organizations rely on Nearmap to transform property uncertainty into evidence, helping organizations move beyond fragmented data and manual processes with verified, frequently updated insight. These proprietary insights enable faster, more confident decisions across underwriting and claims, assessment and response, and planning and construction so teams can see truth, assess risk, and act with certainty. Founded in Australia in 2007, Nearmap stands as the definitive source of truth that shapes the livable world.

For more information, visit www.nearmap.com.

Media Contact
Taylor Cenicola
Taylor.cenicola@nearmap.com

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SOURCE Nearmap

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Vertiv Simplifies High-Density AI Infrastructure Deployment Across Data Center Environments

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The new Vertiv™ SmartIT platform is a pre-engineered AI infrastructure solution based on NVIDIA MGX™ and OCP ORV3 architecture

The scalable solution supports deployment in existing enterprise facilities, new builds, commercial spaces, colocation and hyperscale environments without redesign

COLUMBUS, Ohio, Oct. 26, 2026 /PRNewswire/ — Vertiv Holdings Co. (NYSE: VRT), a global leader in critical digital infrastructure, today introduced the Vertiv™ SmartIT solution, a pre-engineered architecture designed to simplify high-density AI deployments for enterprises, research institutions and colocation providers across existing facilities and new data centers.

Previously deployed with NVIDIA to support the NVIDIA DGX™ GB300, the highest-performing, largest-scale AI system available for enterprises, the Vertiv™ SmartIT solution integrates rack infrastructure, DC power conversion and distribution, direct-to-chip liquid cooling, in-rack cooling distribution and monitoring in a factory-validated design. By integrating and validating these systems before shipment, Vertiv™ SmartIT helps reduce on-site integration complexity and connects to facility power and cooling infrastructure. The solution is available now for AI deployments globally.

“AI is fundamentally changing the demands placed on data center infrastructure, requiring closer coordination across power, cooling and IT systems to support increasingly complex workloads,” said Scott Armul, Chief Product and Technology Officer at Vertiv. “Vertiv™ SmartIT reflects our approach to solving that challenge by bringing these disciplines together in a factory-validated architecture. By combining Vertiv’s expertise across critical infrastructure, we’re helping customers simplify deployment, build greater consistency into their AI environments and establish a foundation that can evolve alongside their computing needs.”

Vertiv™ SmartIT helps customers address key deployment challenges, including:

Deployment timelines compress: Factory validation replaces on-site integration, limiting the commissioning scope to facility connections.Multi-vendor coordination is reduced: Customers benefit from a single order, one partner and one architecture spanning rack, power, cooling and monitoring.Existing spaces become AI-ready: Brownfield enterprise facilities and Class A commercial buildings can support AI-class density without full reconstruction.Scalability becomes repeatable: The same building block supports growth from single rack to multi-rack deployments, without redesign between phases.Operational visibility increases: Integrated leak detection, automated response and continuous monitoring provide visibility from rack to site, with these capabilities built into the solution from day one rather than assembled from separate vendor tools.

Vertiv™ SmartIT is a scalable, pre-engineered infrastructure platform for high-density AI deployments, supporting NVIDIA GB300 NVL72, NVIDIA Vera Rubin NVL72, NVIDIA DGX™ Rubin NVL8 and NVIDIA HGX™ Rubin NVL8 on NVIDIA MGX™ and Open Compute Project (OCP) ORV3 architectures.

Designed to scale from a single rack to multi-rack deployments, it enables customers to deploy and expand AI infrastructure within a common architecture while integrating power, cooling, monitoring and controls. Built-in monitoring, leak detection and support for Redfish, SNMP and Modbus simplify operations, while Vertiv™ Global Services supports deployment, commissioning and lifecycle management.

Vertiv SmartIT can be deployed as part of a broader Vertiv infrastructure architecture, with complementary solutions extending integration and management capabilities beyond the rack. Vertiv™ SmartRun extends integration across the row, while Vertiv™ rack power distribution units (rPDU) provide power distribution and monitoring. Vertiv™ Unify provides integrated monitoring, analytics and controls across power and thermal infrastructure, including leak detection and coordinated response control. Together, these solutions help customers scale from individual Vertiv™ SmartIT deployments to larger AI environments.

Vertiv showcased a Vertiv™ SmartIT with a NVIDIA HGX™ Rubin NVL8 demo unit during NVIDIA GTC Berlin in October, demonstrating an integrated infrastructure architecture designed to support NVIDIA DGX Rubin NVL8 deployments, enabling customers to start at the right scale and expand within a common infrastructure architecture as AI demand grows.

For more information about the Vertiv™ SmartIT and Vertiv’s growing portfolio of power, cooling and IT infrastructure solutions and services, visit Vertiv.com.

About Vertiv Holdings Co.
Vertiv Holdings Co. (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT
Vertiv@ruderfinn.com

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SOURCE Vertiv Holdings Co

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