How did Reveleum’s experience in the NEC X Elev X! Ignite Venture Studio Program impact the company’s strategic direction and growth trajectory?
NEC X’s Elev X! played a pivotal role in helping us bring our software to market. One of the most impactful lessons we learned was a fundamental yet crucial question: What problem are you solving, and does it truly need to be solved? While many great ideas exist, it’s essential to assess how much of a priority the problem is for customers compared to other challenges they face daily.

Elev X! guided us through this process by encouraging us to conduct hundreds of customer interviews. They also taught us how to ask unbiased, non-leading questions—helping us avoid the trap of seeking validation for our pre-existing solution. This experience fundamentally shaped our approach to product development and market fit, ensuring we address real, pressing customer needs.

What were the key milestones and challenges Reveleum faced during the development of its proprietary technology for medical record management?
Our first major milestone was customer discovery. We conducted over 30 phone and Zoom interviews with healthcare professionals, followed by on-site observations to see their workflows in action—a practice we continue today. Interviews often present idealized or worst-case scenarios, but direct observation provided deeper insights into real challenges. This hands-on approach allowed us to develop a solution that truly addressed the problem.

One of our biggest challenges was securing time with customers—not only for discussions but also for live testing. Overcoming this hurdle led to our most significant milestone: successfully conducting beta testing in a live healthcare environment.

How does Reveleum differentiate itself from other health tech startups focusing on medical record management and operational efficiency?
Reveleum stands out due to our deep expertise in both LEAN methodologies and healthcare operations. While most software solutions automate manual tasks, we took a different approach. We first defined the core problem, then applied a LEAN methodology to seamlessly integrate into existing workflows without disruption.

Additionally, we prioritized data security, designing our platform to meet the same stringent standards as internal hospital networks. Finally, our irresistible pricing model offers a competitive advantage, making our solution both cost-effective and highly valuable.

Can you discuss any specific strategies Reveleum has employed to secure investment and support from NEC X?
Our initial funding came from angel investors, many of whom were close connections or referrals. We presented them with our vision for improving healthcare, backed by a strong business case. When considering venture studio and accelerator programs, we were drawn to NEC X for its deep technology expertise, strong corporate backing and ability to provide more than just funding. NEC X’s hands-on collaboration, access to NEC’s research and LLM technology and opportunities for strategic partnerships aligned with our goals.

The NEC X application process was straightforward. We applied online and were evaluated on innovation, market potential, scalability and alignment with NEC X’s focus. I encourage others with a clear vision and the potential for market impact to apply with NEC X.

How has Reveleum’s platform demonstrated its value in improving operational efficiency and patient outcomes for healthcare providers?
From the start, our platform was designed to enhance both operational efficiency and patient outcomes. It enables clinicians to quickly access critical data that is often buried in traditional EMRs.

However, what truly set us apart was our commitment to flexibility and continuous customer feedback. By listening to our early users, we developed additional features that directly impact revenue generation and cost reduction. Our clients have reported increased throughput, Improved clinician satisfaction with EMR navigation and direct revenue gains through enhanced reporting.

What are the major pain points in healthcare record management that Reveleum aims to address, and how does its technology solve these issues?
Currently, external medical records are shared via read-only portals (e.g., Care Everywhere, MyChart) or electronic fax (e-fax). While these documents can be imported into EMRs, they lack searchability and structured indexing. Reveleum solves this by:

• Automatically indexing documents by category (e.g., Labs, Radiology, OP Reports).
  
• Creating a keyword-based table of contents for each record.
  
• Using EMR-standard terminology for easy integration.
  
• Automate the entire process upon document receipt.

This ensures clinicians can quickly locate and access relevant information without manual sorting or searching.

How does Reveleum plan to scale its operations and expand its market presence in the coming years?
Initially, we focused on community-based hospitals (<200 beds) due to their simpler decision-making structures. We are gaining traction through word-of-mouth referrals among similar-sized hospitals. Additionally, we have:

• Engaged hospital executives to discuss our impact with potential clients.
• Begun procurement processes with two large hospital networks.
• Planned entry into industry trade shows upon securing larger clients.
• Hired our first salesperson, with plans to expand nationally as traction grows.

What advice would you give to other health tech startups looking to secure investment and partnership opportunities similar to those provided by NEC X?
My biggest takeaway from participating in an incubator program like NEC X was the importance of preparation. We had pre-work assignments before attending the intensive week in Palo Alto, and the more prepared we were, the more we benefited.

Out of 150 applicants, only 6 were selected as finalists and just three received funding. Success required excelling in their structured nine-month program, but the dedication paid off. Not only did we secure funding, but NEC X’s support helped us attract additional investors.

We’ve maintained weekly advisory meetings with NEC X since our acceptance, leveraging their expertise for ongoing guidance and strategy. Their mentorship has been invaluable in shaping our growth.

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Hilbi isn’t just another healthcare tech company – it’s a patient-centric revolution in digital patient management, where patients are treated as clients. By seamlessly integrating transactional management, electronic health records (EHR), and AI-driven analytics, Hilbi has created a unique, borderless ecosystem that synchronizes healthcare data with the client at the center. This innovative approach enhances decision-making, streamlines workflows, and uncovers new revenue opportunities for healthcare providers. Hilbi is setting a new standard for the future of digital healthcare.

Hilbi’s innovation is already transforming healthcare delivery. Current data shows that hospitals and clinics using Hilbi experience a 20% increase in workflow efficiency, while providers see a revenue boost of up to 35% – a game-changer in an industry under constant financial and operational pressure.

“At Hilbi, we are not just building technology, we are redefining how healthcare operates. Our platform seamlessly integrates with existing systems, empowering medical professionals with the tools they need to provide better care while optimizing their business. The numbers speak for themselves – Hilbi is making a real difference,” said Roman Kučera, Co-founder / CTO.

Patrik Kmeč, Co-founder / CEO, added: “This investment represents an important step for Hilbi as we work towards expanding globally. Our mission has always been to improve healthcare by making it more accessible and patient-centered. Ishtar’s expertise in emerging markets aligns well with Hilbi’s growth strategy. It’s not just about expansion; we’re laying the groundwork for a global digital health infrastructure. With Ishtar’s international reach and connections in key financial hubs, we are in a stronger position to establish a presence in multiple regions. Together, we hope to move closer to our goal of transforming digital healthcare on a larger scale.”

Hilbi is rolling out its technology in India, a rapidly growing healthcare economy, to digitize patient management, data analytics, and healthcare transactions – unlocking a billion-dollar market.

Among the first adopters is DPU Super Specialty Hospital, one of India’s most prestigious and forward-thinking medical institutions. With 1,000+ experienced doctors and more than 2,000 beds, DPU is pioneering AI-driven healthcare innovation and setting new benchmarks for efficiency, patient care, and digital transformation.

“Hilbi paves the way for seamless integration of digital medical tools into clinical practice. Our doctors love Hilbi’s native interface, and I’m excited that this technology is taking our vision of becoming a leader in healthcare management innovation to new heights. This collaboration will set new standards in healthcare – not just for us, but for the entire Indian healthcare ecosystem,” said Dr. Yashraj Patil, Trustee, DPU Super Specialty Hospital, Pune, India.

Already transforming clinics, hospitals, and university medical centers across Eastern Europe, and now with the establishment of its subsidiary in India, Hilbi is accelerating global expansion into one of the world’s fastest-growing markets. This strategic move strengthens partnerships with local providers, optimizes patient care, and drives innovation in regions with the highest demand for digital health solutions.

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Inclusion in the Pegasus Program is particularly relevant for Zenity given the company’s additive security and governance controls for Microsoft customers who are heavily adopting popular Microsoft business productivity tools like Microsoft 365 Copilot, Copilot Studio, Power Platform, and Fabric, among others. This positions Zenity to provide further value to Microsoft customers by:

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Since its founding in 2022, InfiniLink developed groundbreaking Silicon Photonics integrated optical transceiver chiplets (iOTC) technology. The funding will enable the company to advance its mission of transforming data center connectivity leveraging its deep expertise in Analog Mixed-Signal and Photonics. As AI workloads and data-intensive applications drive an exponential rise in bandwidth demands, traditional electrical and optical interconnects are hitting power and scalability limits. InfiniLink’s iOTC technology addresses these challenges by enabling low-power pluggable transceiver modules and high-bandwidth-density co-packaged optical engines (CPO). These solutions provide ultra-high-speed, energy-efficient data connectivity essential for the next generation of AI-driven data centers.

“Collaborating with MediaTek will be instrumental in advancing our vision for cutting-edge optical connectivity solutions,” said Ahmed Aboul-Ella, Co-founder and CEO of InfiniLink. “With this strategic partnership, we look forward to accelerating the commercialization of our innovative technologies. We believe it will make a significant impact on data center optical connectivity.” added Aboul-Ella.

“We are thrilled to be part of InfiniLink’s journey. Over the past three years, our partnership has been very successful, culminating in the establishment of MediaTek Egypt. We look forward to further scaling our collaboration in the region with this investment,” said George Chien, Senior General Manager, MediaTek.

“At Sukna Ventures, we are proud to partner with InfiniLink. Their groundbreaking optical connectivity technology, engineered by an exceptionally skilled team, addresses AI’s relentless energy demands in data centers. This innovation perfectly aligns with our mandate to empower high-potential startups from the MENA region, and we are committed to supporting their international scaling efforts,” said Waleed Alballaa, General Partner at Sukna Ventures.

“With the combined expertise of our investors, we are well-positioned to accelerate product development, expand globally, and meet the surging demand for AI-driven connectivity solutions.” concluded Ahmed Aboul-Ella.

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Data exfiltration by insiders, both intentional and inadvertent, is a critical cybersecurity threat for enterprises. The rise of generative AI has significantly amplified these risks, as highlighted by Samsung banning employees from using ChatGPT after internal source code was leaked, and coming to the fore again with DeepSeek’s growing popularity. The threat extends beyond accidental exposure, as demonstrated by North Korean state-sponsored groups placing fake IT employees within organizations to steal sensitive data. With the average cost of breaches rising to nearly $5M in 2024, data protection has become the top challenge for CISOs in dynamic cloud environments where traditional security perimeters are increasingly obsolete.

Orion Security addresses these challenges by fundamentally changing how organizations protect their sensitive data. Rather than relying on rigid rules and manual policies, Orion’s platform automatically learns and understands how data normally flows within an organization. This context-aware approach allows Orion to accurately distinguish between legitimate business activities and potential data theft or exposure, whether intentional or accidental.

“Today’s data protection tools are failing because they lack the crucial business context needed to understand what’s truly risky,” said Nitay Milner, CEO and co-founder of Orion Security. “By using AI to map and understand an organization’s operational DNA, we’re enabling a new generation of data protection that can accurately distinguish between legitimate business workflows and potential data theft, without burdening already overstretched security teams.”

“The data protection market is at a critical inflection point, demanding solutions that go beyond basic data lineage to truly understand how modern businesses operate,” said Tal Yatsiv, General Partner at PICO Venture Partners. “Nitay’s background in observability and data tracing at Epsagon gives Orion the perfect foundation to not just track data movement, but to understand its business context. Combined with Yonatan’s extensive cybersecurity experience, this team is uniquely positioned to deliver the next generation of data protection.”

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This not only highlights Ucaneo’s cutting-edge Direct Air Capture technology but also emphasizes its crucial role in helping industries transition to net zero. Ucaneo positions itself as a key enabler, helping both emerging and traditional industries to manage their CO₂ footprint by providing a robust and reliable solution to remove CO₂ from ambient air.

Ucaneo just launched its first industrial pilot at its premises, with a capacity of up to 30-50 tons of CO₂ per year—already making it one of the largest industrial DAC pilots in Germany. Aramco Ventures’ investment will accelerate Ucaneo to build Germany’s largest DAC demonstration plant, set to be commissioned in the first half of 2026. Beyond financial support, the investment also paves the way for potential joint deployments of future commercial plants.

Florian Tiller, Ucaneo co-founder and CEO, stated: “We are thrilled to welcome Aramco Ventures as one of our investors. For us, it was essential to find a partner who not only supports our scaling efforts but is also deeply committed to playing a leading role in the energy transition. Only through impactful scale and strong partnerships can innovative technology developers like Ucaneo enable the world to build a real net-zero economy.“

Bruce Niven, Executive Managing Director at Aramco Ventures, added: “Direct Air Capture, if achievable at a competitive cost, could play a crucial role in global decarbonization. Ucaneo’s approach, leveraging novel solvents and renewable energy-driven electrochemistry, has the potential to deliver a cost-effective and highly efficient solution. We are excited to partner with Ucaneo’s innovative team to advance this technology toward large-scale adoption.”

Innovative Technology Inspired by Nature
Ucaneo’s state-of-the-art electrochemical DAC technology mimics the lung’s natural ability to manage CO₂. Using electricity and a specialized biomimetic solvent, Ucaneo’s system removes atmospheric CO₂ at room temperature with continuous regeneration, delivering pure, industrial-grade CO₂ for various applications.

Designed for high energy efficiency, Ucaneo’s technology seamlessly integrates with variable renewable energy sources, such as solar and wind, enabling cost-effective, on-demand CO₂ removal. This flexibility allows operators to leverage energy price arbitrage, making it particularly attractive for high-grid-electricity price regions and remote renewable-powered deployments.

A Pathway to Germany’s Largest Direct Air Capture Demonstration Plant
Ucaneo’s industrial pilot—one of Germany’s largest DAC projects—will provide critical operational data to validate its technology under real-world conditions. These insights will inform the development of Germany’s largest DAC demonstration plant, planned for launch in the first half of 2026.

Supported by a Techno-Economic Analysis (TEA) and an independent third-party feasibility study, Ucaneo’s DAC technology has the potential to achieve costs below €300 per ton of CO₂ in the near future—making it one of the most cost-competitive DAC solutions globally. The demonstration plant will serve as a key milestone in proving this cost-effectiveness at scale.

With this project, Ucaneo is strengthening Berlin’s and Germany’s position as a global leader in innovative climate technology solutions—paving the way for a more scalable and affordable approach to carbon removal.

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The investment, combined with NEC X’s advanced engineering support, will enable Reveleum to scale its proprietary tech solution. The platform is designed to significantly improve operational efficiency, generate revenue, reduce costs and enhance patient outcomes by streamlining workflows and information sharing across healthcare systems with Personal Health Records (PHR).

Reveleum’s platform has shown impressive savings. For a 70-bed rural hospital, Reveleum identified over $250,000 in uncaptured Transitional Care Management (TCM) in its first year of implementation. The solution has also helped hospitals identify and prevent costly 30-day readmissions, reducing revenue losses of $10,000 to $58,000 per case. Nationally, the Centers for Medicare & Medicaid Services (CMS) has reported only 18% of TCM visits were billed.

Hospitals experience an average of 17 readmissions per 100 Medicare discharges. This means larger health systems managing hundreds or thousands of cases could potentially recover millions in lost revenue with Reveleum.

“Reveleum exemplifies the transformative innovation that Elev X! Ignite was designed to support,” said Shintaro Matsumoto, President and CEO of NEC X. “By leveraging advanced technology, Reveleum is addressing one of the healthcare industry’s most critical pain points—ensuring that medical records are not just managed efficiently but also utilized effectively to improve outcomes. This is a groundbreaking leap for operational efficiency and patient care.”

Hospitals and clinics in the U.S. handle an overwhelming volume of medical records daily, much of it reliant on outdated and labor-intensive solutions like e-fax systems.  This manual and error-prone process often leads to missed billing opportunities, administrative delays, duplicated tests and other inefficiencies that cost the healthcare system billions annually.

Due to legacy processes, today’s healthcare leaders face significant challenges in managing administrative workflows. The volume of e-faxes alone can be overwhelming, and many organizations struggle to accurately capture TCM reimbursements. Too often, organizations don’t know what they’re capturing—or what they’re missing.

Reveleum’s platform leverages proprietary technology powered indexing and keyword processing to automatically organize and convert medical records into an easily searchable and scalable digital format. The platform has already demonstrated a significant impact, delivering:

• 80% reduction in staff processing time
• 60% revenue growth in Transitional Care Management (TCM)
• 10% increase in patient visits

“Healthcare providers are burdened by the current inefficiencies of managing medical records, and these challenges often come at the expense of patient care,” said Dr. Sheldon Weiss, CEO and Co-founder of Reveleum. “With NEC X’s investment and expertise, we’re empowering healthcare organizations to break free from outdated processes, enhance revenues, reduce administrative overhead and focus on what matters most—delivering exceptional care.”

The timing of Reveleum’s solution is critical. Regulatory reforms in the U.S. are mandating the standardization and interoperability of medical records, pushing healthcare providers to adopt digital-first solutions like Reveleum to stay compliant and competitive. The opportunity is vast, with the global Electronic Health Records (EHR) market expected to reach USD 43.62 billion by 2032.

To learn more about how Reveleum is setting a new standard for medical record automation, visit https://reveleum.com/.

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Since its founding in 2019, Klaim has positioned itself as an innovative and out-of-the-box force in fintech, providing a cutting-edge payment platform specializing in healthcare. Leveraging artificial intelligence and a vast data repository, Klaim predicts insurance payment behaviors through advanced data analytics and AI models. This enables faster and more efficient healthcare claims processing. With the new funds, Klaim aims to expand its footprint in the UAE, deploy capital in Saudi Arabia, Oman, and other regions, and continuously refine its technology to better serve healthcare providers.

Last year, Klaim announced a strategic milestone in its expansion into Saudi Arabia through a collaboration with Tharawat Tuwaiq Financial Company, an asset manager and financial advisor licensed by the Saudi Capital Market Authority (CMA). As part of this collaboration, Tharawat Tuwaiq has successfully obtained approval and launched a healthcare private closed-ended financing fund. The fund, valued at SAR60 million (approximately USD16 million), aims to enhance access to working capital solutions tailored to the healthcare sector’s unique needs. 

The first transaction under this initiative is set to take place in March 2025, further strengthening Klaim’s commitment to empowering healthcare providers with innovative solutions. Additional funds within this program are expected to be introduced in the second half of 2025, reinforcing long-term support for Saudi Arabia’s healthcare ecosystem.

“We’re excited to achieve this milestone in our journey. Securing Series A funding is not only a major validation of our vision and business model but also the critical inflection point that enables us to scale rapidly,” said Karim Dakki, Co-Founder and CEO of Klaim. 

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An Indian startup specializing in pod hotels, NapTapGo is targeting the $20 billion budget hotel market in India. With an ambition to make travel ad luxurious stays accessible and affordable for everyone, they have introduced this unique concept of spacious pods in the country that prioritize cleanliness and quality, providing exceptional customer experience. These compact, capsule-like pod hotels are designed for short-stay travellers with all basic amenities. Recently veteran Industrialist Anand Mahindra praised NapTapGo and described the Japanese style pod hotel as “pretty cool”. He triggered a discussion about budget travel in India and took the internet by storm.

Fahad Moti Khan and Gaurav Gaggar, co-founders of T9L Qube, expressed their confidence in this innovative concept, stating that pod hotels represent a groundbreaking and unique development in the hospitality sector. These accommodations are ideal for guests looking to rest for a few hours, offering an affordable and luxurious option, even for solo travellers. The growing demand for accommodations near religious sites is significant, and we believe that these pods will be a game changer in meeting the needs of religious travellers by providing clean, hygienic, and comfortable stays at an affordable price.

T9L majorly focuses on incubating, accelerating, and essentially onboarding startups that have high growth potential, after strategizing and consulting with onboarded partners and/or advisors, conducting proper due diligence, and private negotiations. This approach provides early-stage startups access to essential networks and top talent in crucial areas like product development, narrative, branding, growth, policy, fundraising, and technology- resources that many startups need in their infancy. T9L Qube reduces the risk associated with the startup journey by supporting early ventures in the aforementioned vital areas. This approach has helped previous studios achieve a success rate of over 50% in an industry where the average is close to 10%.

Nitin Malhotra and Himanshu Shukla, co-founders of NapTapGo, said, “Our vision is to be the most preferred option in the affordable hotel segment by offering flexible stays and a superior customer experience. Our accommodations are ideal for solo travelers, working professionals, and frequent flyers aged 25 to 60 who seek convenient, affordable, and high-quality stays near IT hubs and religious locations. Our partnership with India’s leading venture studio, T9L Qube, will provide incubation support and mentorship, driving innovation in the hospitality sector.”

Capturing the niche pod hotels segment in the Indian market, NapTapGo projects the inclusion of over 80 new pods in the next 5 years with a projected revenue of 100 crore. They are implementing growth and expansion plans by adopting a company-operated franchise model across major cities in India. The company is looking for franchisees with commercial spaces ranging from 3,000 to 5,000 square feet, ideally located in city centers with high foot traffic.

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Headquartered in San Mateo, Calif., QuSecure is a privately held company founded in 2019. QuSecure’s QuProtect software offers an end-to-end quantum security-as-a-service architecture that combines zero-trust, next-generation quantum-resilient technology and crypto agility to protect networks, cloud systems, edge devices and satellite communications against today’s cyberattacks and future quantum threats, all with minimal disruption to existing systems.

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