intelligence360
  • SUBSCRIBE
  • About us
  • Video News Daily
  • Contact Us
  • Search Icon

intelligence360

The Intelligent News Source

Revel Raises $150M Series B to Modernize the Software Layer Behind Hardware Test and Control

Revel Raises $150M Series B to Modernize the Software Layer Behind Hardware Test and Control

March 13, 2026 Craig Etkin

Platform expands across aerospace, defense, robotics, and advanced energy as hardware systems grow more autonomous and complex

LOS ANGELES–(BUSINESS WIRE)–Revel, a unified software platform for hardware test and control, today announced $150 million in Series B funding to accelerate its expansion across aerospace, defense, robotics, and industrial markets. The round was led by Index Ventures, with major participation from Redpoint Ventures and returning investors Thrive Capital, Felicis, and Abstract Ventures, as well as prominent angels such as Dylan Field, Figma’s co-founder and CEO.

From rockets and propulsion systems to advanced robotics and nuclear energy infrastructure, today’s most complex hardware systems are increasingly autonomous and software-driven. However, much of the software used to test, validate, and command these systems was built decades ago — before modern collaboration workflows, deterministic execution, and real-time observability became standard in software engineering.

“I spent a decade building and operating systems where reliability wasn’t optional,” said Scott Morton, founder and CEO of Revel. “Testing and control sit at the center of how complex hardware is developed and deployed, but the tools supporting that work haven’t kept pace with system complexity. We built Revel to give engineers infrastructure they can trust from prototype through production.”

Revel’s platform enables teams to visually configure hardware systems, monitor live telemetry, and safely issue commands in real time. Their programming language, RevelCode, combines intuitive, Python-inspired syntax with deterministic execution, precision, and debuggability for high-consequence environments. Revel accelerates testing, prevents costly errors, and powers the hardware systems that keep critical industries running.

“We believe hardware is entering a new era — more autonomous, software-driven, and operationally complex than ever before,” said Nina Achadjian, Partner at Index Ventures, who led the round and joined Revel’s board. “Yet the underlying software infrastructure hasn’t kept pace. Scott brings rare, firsthand experience operating at the highest levels of reliability and scale. By modernizing this foundational layer, Revel has the potential to define a new category in how complex hardware is built and run.”

Revel is rapidly gaining traction, securing leading innovators like Impulse Space, Radiant Nuclear, and Astro Mechanica across aerospace, defense, and advanced energy. As demand surges for safe, software-defined hardware systems, the company is accelerating into a wider range of industrial control applications – quickly expanding its footprint across the next generation of mission-critical infrastructure.

The new funding will support team expansion, continued product development, and broader market deployment.

To learn more, read our blog at www.revel.io/newsroom/accelerating-revel.

About Revel

Revel is a unified software platform for hardware test and control. Founded by engineers from SpaceX, Anduril, and Palantir, Revel enables teams across aerospace, defense, robotics, and advanced energy to develop, deploy, and monitor complex physical systems with greater speed, safety, and reliability. By modernizing the testing and control layer, Revel is building foundational software infrastructure for the next generation hardware.

Contacts

press@revel.io

(c)2026 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, California, Los Angeles, Revel, Venture Capital

Post navigation

NEXT
Rowspace launches with $50M to turn institutional knowledge into compounding edge for finance
PREVIOUS
Executive Change: The Middleby Corporation (NASDAQ: MIDD) Appoints Mark Salman as Chief Executive Officer
Comments are closed.
Subscribe for FREE!

Source: http://go.intelligence360.io/ and https://intelligence360.news/

Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
Subscribe

Categories

Recent Posts

  • LogicSource Names Keith Hausmann COO Amid Rising Enterprise Demand for Indirect Procurement Solutions March 13, 2026
  • Executive Change: Valuedynamx Appoints Eileen Peacock as Senior Vice President General Manager March 13, 2026
  • Executive Change: VALR Brand Appoints Bryan Alesiano as Chief Revenue Officer March 13, 2026
  • Executive Change: USAA Appoints Chris Curtin as Chief Marketing Officer March 13, 2026

Archives

© 2026   Copyright SI360 Inc. All Rights Reserved.