DevvStream Secures $10M Initial Funding to Launch $300M Digital Infrastructure and Sustainability Initiative
Under this agreement with Helena Partners, DevvStream will issue up to $300 million in senior secured convertible notes ('Senior Notes') across multiple tranches. The first $10 million was secured on July 18, 2025, marking a key milestone in the company's digital asset-backed expansion plan.
Strategic Highlights:
Digital Asset Allocation: DevvStream will invest 75% of the net proceeds (70% from the initial tranche) into highly liquid digital assets. These assets are intended to serve as 24/7 liquid, non-correlated stores of value and may be leveraged as collateral for future credit facilities.
Tokenization Platform: The funding accelerates the company's goal to launch a tokenization platform dedicated to sustainability-linked infrastructure, aligning with its mission to make environmental investments more accessible to global investors.
Environmental Asset Innovation: DevvStream is also exploring the tokenization of its existing portfolio of environmental assets, with further updates expected as the platform scales.
Revenue Diversification: The company aims to diversify its revenue through crypto-based yield generation such as staking, while reducing dependence on traditional equity financing by enabling crypto-collateralized credit options.
Note Conversion Terms: The Senior Notes are convertible into common shares at a price equal to 200% of the stock's closing price prior to the funding date, subject to adjustments outlined in the agreement.
'This $300 million facility allows us to improve capital efficiency, reduce dilution, and bring global investors into the carbon ecosystem through a digital gateway,' said Sunny Trinh, CEO of DevvStream. 'The combination of crypto reserves and real-world asset tokenization represents the next evolution of our capital strategy.'
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, acted as the exclusive placement agent for DevvStream.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
TECHx
6 hours ago
- TECHx
Ocean Cleanup Teams with AWS to Boost Tech Efforts
Home » Green Tech » Ocean Cleanup Teams with AWS to Boost Tech Efforts The Ocean Cleanup, a non-profit dedicated to eliminating plastic pollution, has announced a strategic collaboration with Amazon Web Services, Inc. (AWS), an Inc. company (NASDAQ: AMZN). This partnership will leverage AWS's advanced artificial intelligence, machine learning, and cloud computing capabilities to help clean the Great Pacific Garbage Patch (GPGP) and achieve a 90% reduction in floating ocean plastic by 2040. The Ocean Cleanup revealed that the GPGP is harming marine life and reducing the ocean's ability to regulate climate. Removing plastic debris is critical to preserve biodiversity and stop the formation of microplastics that enter the food chain. To date, The Ocean Cleanup has removed 64 million pounds of marine trash. However, the organization continues to face challenges in detecting and extracting dispersed plastic fragments. AWS reported that its AI-powered detection tools and cloud infrastructure will enhance The Ocean Cleanup's ability to track plastic accumulation and predict debris movement. This will enable smarter resource use and boost operational efficiency. The collaboration will focus on two core initiatives: AI-powered plastic detection and tracking: The new system will identify and forecast plastic hotspots in the GPGP using technologies like IoT, satellite data, edge computing, and drones. This will support the development of a plastic navigation system for optimized cleanup routes. The new system will identify and forecast plastic hotspots in the GPGP using technologies like IoT, satellite data, edge computing, and drones. This will support the development of a plastic navigation system for optimized cleanup routes. Cloud-based marine life protection: AWS will help automate marine life detection, reducing the need for human observers and directing more resources to plastic extraction. Dr. Werner Vogels, CTO of stated that this collaboration shows how AI and cloud technologies can support environmental goals by transforming data into action. Boyan Slat, CEO and Founder of The Ocean Cleanup, added that AWS technology will enhance the organization's ability to locate plastic, improve efficiency, and safeguard marine ecosystems. Success will be measured by the amount of plastic removed from oceans and rivers. Together, AWS and The Ocean Cleanup aim to set a global example of how technology can protect vital ecosystems while accelerating ocean cleanup.
TECHx
6 hours ago
- TECHx
Qualys Unveil Agentic AI for Real-Time Cyber Risk Management
Home » Tech Value Chain » Global Brands » Qualys Unveils Agentic AI for Real-Time Cyber Risk Management Qualys, Inc. (NASDAQ: QLYS), a provider of cloud-based IT, security, and compliance solutions, has announced new Agentic AI capabilities on the Qualys platform. The new AI fabric powers a marketplace of Cyber Risk AI Agents. These agents deliver real-time insights across all attack surfaces, prioritized by business impact. They also help reduce risk and operational costs through autonomous remediation at speed and scale. This enables a more efficient and intelligent Risk Operations Center (ROC). As cyber threats grow in volume and complexity, security teams face millions of exposures with little context. Manual processes lead to delays and unaddressed vulnerabilities. To solve this, Qualys introduced Agentic AI to eliminate repetitive tasks and enable risk-focused workflows. According to Tyler Shields, principal analyst at Enterprise Strategy Group (ESG), 'Integrating Agentic AI into the Qualys platform marks a major leap from reactive response to real-time risk reduction.' He added that this innovation supports faster remediation and greater accuracy. By embedding Agentic AI into Enterprise TruRisk Management (ETM), Qualys enhances risk-centric automation. ETM already aggregates exposures to align cyber risk with business value. With the new AI fabric, Qualys now offers pre-built AI agents for threat prioritization and remediation tailored to each organization. The Cyber Risk Assistant is also introduced. This prompt-driven tool helps teams navigate risks, translate exposures, and deliver context-aware insights through autonomous operations. The Qualys Marketplace now features: Continuous risk insights from fragmented exposures, using pre-built AI agents. from fragmented exposures, using pre-built AI agents. Adaptive remediation via AI agents like the Microsoft Patch Tuesday Lifecycle Agent. via AI agents like the Microsoft Patch Tuesday Lifecycle Agent. Custom AI agents through a no-code interface, enabling reusable, automated workflows. 'Qualys Agentic AI, embedded into Enterprise TruRisk Management, is transforming how organizations manage cyber risk,' said Sumedh Thakar, President and CEO of Qualys. He emphasized that CISOs can now augment their teams with intelligent AI agents for faster, strategic risk reduction. This launch represents a step forward in autonomous cybersecurity and smarter operations powered by AI.
Tahawul Tech
a day ago
- Tahawul Tech
Microsoft has become a $4 trillion company
Microsoft became the second company to reach a $4 trillion market valuation, after a recent earnings report helped boost the tech giant's shares. Microsoft's shares (MSFT) jumped nearly 4.5% after the market opened on Thursday 31st July 2025, pushing its intraday valuation to $4.01 trillion. The company's shares have risen roughly 28% since the start of this year. The milestone comes just a year and a half after Microsoft reached a $3 trillion valuation. The company first cracked the $1 trillion mark in April 2019. It follows Nvidia into the $4 trillion valuation club, which hit the mark earlier this month. Microsoft forecast a record $30 billion in capital spending for the current fiscal first quarter to fuel its AI ambitions, and reported booming sales in its Azure cloud computing business on Wednesday. Wall Street analysts also noted that Microsoft's Copilot AI chatbot appears to have driven meaningful growth in its Microsoft 365 enterprise software business. Microsoft's move to $3 trillion was more measured than other tech giants, Nvidia (NVDA) and Apple (AAPL), with AI bellwether Nvidia tripling its value in just about a year and clinching the $4 trillion milestone before any other company on July 9. Apple was last valued at $3.12 trillion. Lately, breakthroughs in trade talks between the US and its trading partners ahead of President Donald Trump's August 1 tariff deadline have buoyed stocks, propelling the S&P 500 and the Nasdaq to record highs. Microsoft, the second largest US company, has rebounded nearly 50% from its April 2025 lows, when global markets were rattled by Trump's tariff offensive. Microsoft's multibillion-dollar bet on OpenAI is proving to be a game-changer, powering its Office Suite and Azure offerings with cutting-edge AI and fuelling the stock to more than double its value since ChatGPT's late-2022 debut. Armed with exclusive access to OpenAI's models, Microsoft has raced to the front of the generative AI pack — supercharging its Azure cloud business, now the company's top revenue driver, and solidifying its dominance in the tech landscape, compared to Google's cloud and Amazon's web services. Wall Street's surging confidence in the company comes on the heels of back-to-back record revenues for the tech giant since September 2022. The stock's rally had also received an extra boost as the tech giant trimmed its workforce and doubled down on AI investments — determined to cement its lead as businesses everywhere race to harness the technology. While sweeping US tariffs had investors bracing for tighter business spending, Microsoft's strong earnings have shown that the company's books are yet to take a hit from the levies. But despite its meteoric rise, Microsoft has been streamlining its workforce in recent months. The company said earlier this month that it would cut around 9,000 employees, approximately 4% of its staff, its largest reduction since 2023. Those layoffs came after the company cut 6,000 workers in May. A company spokesperson said the July cuts were, in part, a reflection of new technologies that have made employees more productive. While AI wasn't mentioned specifically, the cuts came as Silicon Valley giants deploy the technology they're building to make their workers more efficient. Microsoft CEO Satya Nadella said earlier this year that 20% to 30% of the company's code was being generated by AI, and it's is pouring billions into AI infrastructure investments. Source: CNN Image Credit: Microsoft
