120 Million AI Pay Transactions in a Single Week: AI Shopping Agents Move From Theory to Checkout

CHICAGO - Thursday, 30. July 2026

Agentic commerce is beginning to move from forecast to real-world use in some markets. In China, AI agents are already completing purchases at meaningful scale, and analysts now put the global opportunity at $3–5 trillion by 2030.

(BUSINESS WIRE) -- The debate is shifting as early examples show AI shopping agents completing transactions in some markets. According to NielsenIQ (NYSE: NIQ), a leading consumer intelligence company, its global report The Commerce Revolution: Where East Meets West points to agentic commerce moving from experiment toward everyday infrastructure. According to Ant Group, Alipay AI Pay processed more than 120 million transactions during the week of February 5–11, 2026, while Adobe Analytics reported that traffic from generative AI sources to US retail websites increased by 1,200% between July 2024 and February 2025.

This is the second release in NielsenIQ’s mid-year read of the global commerce shift, building on evidence that retail’s center of gravity has moved East. AI is emerging as the connective layer across commerce formats—from live and social to quick commerce. Yet NielsenIQ’s own consumer data shows a clear gap between AI capability and shopper trust. While consumers are increasingly comfortable using AI to research and recommend, few are ready to let it complete purchases.

"While much of the West is still debating whether AI will shop for us, in parts of Asia it already is, quietly completing purchases at a scale most boardrooms haven't registered," said Emilie Darolles, President West Europe at NielsenIQ. “But the real story is not just what AI can do — it’s what shoppers will allow it to do. Consumers are increasingly happy to let AI research and recommend, yet very few are ready to let it buy. The next phase of agentic commerce will be won by the brands that earn enough trust to be chosen by both the consumer and the agent.”

The "must-know" numbers

Agents are already transacting at scale. According to Ant Group, Alipay AI Pay processed more than 120 million transactions during the week of February 5–11, 2026. The report also cites market data that Alibaba’s Qwen assistant reached 100 million monthly active users within two months of launch.

The money is following. Analysts size the global agentic commerce opportunity at $3–5 trillion by 2030 (McKinsey), with agents projected to drive $190–385 billion (roughly 10–20%) of US e-commerce by 2030 (Morgan Stanley).

Discovery is shifting to machines. Adobe Analytics reported that traffic from generative AI sources to US retail websites increased by 1,200% between July 2024 and February 2025. Adobe also found that visitors arriving from generative AI sources showed stronger engagement, including more pages per visit and lower bounce rates, even though conversion still trailed more established traffic sources.

Autonomy is still rare. NielsenIQ data shows AI is reshaping the "messy middle": around 34% of consumers use AI to research products and 23% to summarize reviews, yet only about 8% have let AI complete a purchase for them. Influence is running well ahead of automation.

For brands, the shift from a human funnel to an agent-mediated one changes the rules of visibility. When an AI agent shortlists three products, the traditional path from impression to click to cart collapses. Brands with incomplete or machine-unreadable product data risk becoming invisible to the systems that increasingly decide what gets bought.

But the East–West story cuts both ways. China is proving the demand side (agents at consumer scale) while the West builds the trust and measurement rails that make agentic commerce safe for high-consideration and everyday purchases alike. The winners will be the brands that prepare now: structuring product data, earning their place in AI consideration sets, and measuring performance in a world where the shopper may be a machine.

About the report

The Commerce Revolution: Where East Meets West analyzes the convergence of Eastern and Western commerce models across live commerce, social commerce, quick commerce, retail media networks, and emerging agentic commerce. It draws on NIQ Consumer Outlook, Retail Pulse, Digital Purchases, and Omnisales data, alongside third-party sources including McKinsey, Morgan Stanley, and Adobe.

About NIQ

NielsenIQ (NYSE: NIQ) is a leading consumer intelligence company, delivering the most complete and trusted understanding of consumer buying behavior and revealing new pathways to growth. By combining an unmatched global data footprint and granular consumer and retail measurement with decades of AI modeling expertise, NIQ builds decision systems that help companies turn complex data into confident action.

With operations in more than 90 countries, NIQ covers approximately 82% of the world’s population and more than $7.4 trillion in global consumer spend. Through cloud-based platforms, advanced analytics and AI-driven insights, NIQ delivers The Full View™—helping brands and retailers understand what consumers buy, why they buy it, and what to do next.

For more information, please visit www.niq.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding market trends, projected growth of live, social, quick, retail-media, and agentic commerce, and the anticipated impact on brands and retailers. These statements are based on NIQ's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Third-party figures (including estimates attributed to McKinsey, Morgan Stanley, and Adobe) have not been independently verified by NIQ. NIQ undertakes no obligation to update any forward-looking statement except as required by law.

Notes to Editors

Figures in this release come from two types of source, both drawn from NielsenIQ's The Commerce Revolution: Where East Meets West (April 2026).

NielsenIQ proprietary data: the consumer AI-adoption figures — the share of consumers using AI to research products (~34%), to summarize reviews (~23%), and to complete a purchase (~8%) — from NIQ Consumer Outlook and related NielsenIQ consumer data.

Market figures cited in the report (not NielsenIQ-measured): According to Ant Group, Alipay AI Pay processed more than 120 million transactions during the week of February 5–11, 2026. The report also cites market data that Alibaba’s Qwen assistant reached 100 million monthly active users within two months of launch. McKinsey estimates a $3–5 trillion global agentic-commerce opportunity, while Morgan Stanley projects agents could drive $190–385 billion of U.S. e-commerce by 2030. Adobe Analytics reported a 1,200% increase in traffic from generative AI sources to U.S. retail websites between July 2024 and February 2025.

Frequently asked questions

What is agentic commerce? It's when AI agents don't just recommend products but autonomously discover, evaluate, and complete purchases on a shopper's behalf, using real-time data like price, availability, and preferences.

What's the single biggest finding? AI agents are already transacting at massive scale in Asia (over 120 million agent-driven transactions in a single week (February 2026) via Alipay's AI Pay) even as most Western consumers have not yet let AI buy for them.

Isn't this just the same AI story everyone is telling? No. Rather than "AI is coming," this release quantifies where agentic commerce is already real (the East), sizes the opportunity ($3–5T by 2030), and adds a reality check most coverage misses: influence is far ahead of autonomy, with only ~8% of consumers letting AI complete a purchase.

Where do the figures come from? NIQ Consumer Outlook and related NielsenIQ consumer data for the adoption figures, with third-party estimates (McKinsey, Morgan Stanley, Adobe) and market data (Alipay, Alibaba) attributed where cited.

What should brands do now? Structure product data for machine readability, build presence in AI consideration sets, and adopt measurement built for a world where the "shopper" may be an AI agent.

NIQ-GENERAL

 

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Quectel Launches High-Performance FCM665D Module for Edge AI Applications

BELGRADE, Serbia - Wednesday, 29. July 2026

New high-performance module combines edge AI processing, Wi-Fi 6 and Bluetooth connectivity for smart home, smart building and industrial IoT applications

(BUSINESS WIRE) -- Quectel Wireless Solutions, a global end-to-end IoT solutions provider, today announces the launch of the FCM665D, a high-performance Wi-Fi 6 and Bluetooth module with edge AI processing capabilities, designed for smart home, smart building and industrial IoT devices.

Designed for products such as smart lighting, video doorbells and central control hubs, the FCM665D pairs high-performance connectivity with on-device intelligence, giving manufacturers a way to build faster, smarter, more capable devices without leaning on constant cloud connectivity.

“This module has the AI capabilities and processing power to compete at the highest level,” said Delbert Sun, Vice General Manager, Product Department, Quectel Wireless Solutions. “Smart home and IoT devices are required to do more locally at the edge, from recognizing voice commands to processing images in real time, and that requires genuine computing performance. The FCM665D gives our customers that power in a compact module that is easy to integrate and deploy.”

Edge AI processing for smart home and smart building devices

The launch comes as demand for smart homes and smart building technology accelerates. Juniper Research forecasts that industrial smart building deployments will grow from 26 million in 2025 to more than 165 million by 2030, as operators seek to reduce energy waste and introduce sensor-driven automation.

Meeting this demand increasingly requires intelligence to move to the edge of the network, closer to the connected device itself. By processing voice, image and other data locally, edge AI can reduce latency, limit dependence on cloud connectivity, and enable faster responses.

The FCM665D supports this shift with two dedicated software development kits on a single hardware platform.

    The AI Development Kit (AIDK) supports voice processing functions including echo cancellation, noise suppression, voice activity detection and keyword spotting, as well as image recognition.

    The Audio & Video Development Kit (AVDK) supports multimedia-intensive IoT designs, including audio and video processing, display functionality and cloud integration.

High-performance processing for on-device AI workloads

At the heart of the FCM665D is a 32-bit triple-core ARMv8-M Star MCU running at up to 480 MHz. Combined with up to 16 MB of PSRAM and 16 MB of flash memory, the processor gives connected products the capacity to run demanding AI and multimedia workloads locally instead of repeatedly sending data to the cloud.

This combination of edge AI and multimedia performance makes the FCM665D suitable for a broad range of connected devices. Image encoding and decoding capabilities, together with dedicated peripherals, support applications including low-power video doorbells, video door locks and LCD displays.

The module’s processor performance and large storage capacity also support multiple network connections and the local caching of long-term operating data for energy storage batteries and photovoltaic inverters. Its edge AI capabilities also make it well suited to smart home applications such as intelligent lighting and central control systems.

Wi-Fi 6, Bluetooth 5.4 and advanced IoT security

The FCM665D provides single-band 2.4 GHz Wi-Fi 6 connectivity based on IEEE 802.11 b/g/n/ax, together with Classic Bluetooth 2.1 and Bluetooth Low Energy 5.4. The module also supports Wi-Fi pairing via Bluetooth, helping simplify device provisioning and connectivity.

In addition, the module provides a high-performance Ethernet Media Access Controller (MAC) for Local Area Network (LAN) communications via a Reduced Media-Independent Interface (RMII). Fully compliant with the IEEE 802.3-2015 standard, it enables reliable, standards-based Ethernet connectivity across a wide range of embedded and networking applications. Designed for flexibility and ease of integration, the module is well suited for use in network interface cards (NICs), data center bridges, and network nodes, helping developers accelerate the deployment of robust Ethernet-enabled systems.

Support for WPA-PSK, WPA2-PSK and WPA3-SAE security standards, hardware encryption and TrustZone protection helps safeguard connected devices and their data.

Quectel’s QuecOpen® solution provides 50 GPIOs by default and up to 54 depending on pin multiplexing and memory configuration, giving designers extensive interface flexibility for integrating the module into a wide variety of smart home, smart building and industrial IoT product designs.

Measuring just 31.4 mm × 18.0 mm × 2.15 mm and supporting an operating temperature range of -40°C to +85°C, the FCM665D is designed for integration into both space-constrained consumer devices and demanding industrial IoT applications.

About Quectel

Quectel’s passion for a smarter world drives us to accelerate IoT innovation. A highly customer-centric organization, we are a global end-to-end IoT solutions provider backed by outstanding support and services.

With a worldwide team of over 8,900 professionals, we lead the way in delivering end-to-end IoT solutions, spanning cellular, GNSS, satellite, Wi-Fi and Bluetooth modules, high-performance antennas, value-added services and full turnkey offerings including ODM services and system integration.

With regional offices and support across the globe, our international leadership is devoted to advancing IoT and helping build a smarter world.

For more information, please visit: www.quectel.com or LinkedIn

 

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Workiva Launches Specialized AI Agents and Intelligence Layer to Advance High-Stakes Reporting

NEW YORK - Wednesday, 29. July 2026

Latest AI innovations will help enterprise teams orchestrate and accelerate reporting and compliance workflows

 

(BUSINESS WIRE)--Workiva Inc. (NYSE: WK), a leading, audit-ready platform for trust, transparency, and accountability, today announced three purpose-built AI agents and Workiva Knowledge, a persistent intelligence layer grounded in an organization's data, instructions, and content.

The agents will help customers in advanced solution tiers accelerate reporting and compliance outcomes with the control and traceability of the Workiva platform. Together, these capabilities offer enterprise teams governed AI at the speed and scale their organizations require.

"Finance, sustainability, risk, and compliance teams are moving from execution to orchestration as AI agents take on more of the work, and we're building the platform that makes that transformation possible," said Deepak Bharadwaj, Chief Product Officer of Workiva. "As we evolve the Workiva platform, we're staying true to what our customers have always counted on us to deliver: accuracy, transparency, and solutions shaped by the reality and complexity of their work."

Agents for Teams That Can't Risk Being Wrong

Reporting and compliance teams spend countless hours cross-referencing data and assessing it against standards and peers. That work is critical, but punishing at scale. Workiva's specialized AI agents assume that burden, producing output that is traceable, defensible, and audit-ready.

Tie-Out Agent

Ensuring figures in a financial report are consistent and tied back to their source is one of the most time-intensive steps in the financial close. Workiva's Tie-Out Agent performs comprehensive checks across financial reports, flagging discrepancies and surfacing AI-generated explanations for each variance. Teams can catch errors earlier, close faster, and finish with a fully documented audit trail, accelerating internal review and external examination.

Benchmarking Agent

Market-aligned financial disclosure requires visibility into how peers are reporting, research that has traditionally lived outside reporting processes. With Workiva's Benchmarking Agent, peer intelligence is no longer separate. It is embedded in the same platform where disclosures are drafted and verified. The agent analyzes publicly filed peer data from 10-Ks and 10-Qs filed with the SEC, enabling financial reporting teams to build custom peer groups, identify disclosure gaps, and draft disclosures with insights traceable back to the source filing.

Sustainability Disclosure Agent

Compliance burdens are increasing as sustainability disclosure requirements expand globally. Workiva's Sustainability Disclosure Agent drafts, checks, and improves disclosures against ESRS and ISSB standards, generating gap assessments and compliance scorecards with actionable recommendations. Teams move from interpreting new requirements to reviewing ready-to-file disclosures with fewer gaps and a clear record of how each output was produced.

Intelligence That Compounds With Every Reporting Cycle

Workiva’s agents alleviate labor-intensive work, while Workiva Knowledge creates a shared foundation for all AI interactions on the platform. Knowledge enables customers to develop intelligence informed by their organization’s data, custom instructions, and content, from past filings and internal policies to institutional guidance and trusted source documentation. It’s enriched with each reporting cycle, so each AI interaction builds on the last one. Knowledge is complemented by the flexibility of Workiva's newly announced Model Context Protocol (MCP) gateway.

The Workiva MCP gateway allows customers to use the AI of their choice and eliminate manual workarounds while maintaining Workiva's permissions, governance, and data lineage. Knowledge ensures that Workiva’s AI output, regardless of which model or agent produces it, is grounded in context and traceable to the source material that informed it.

Across Workiva’s customer base, Knowledge is designed to power high-stakes work: generating disclosures consistent with prior filings, producing examiner-ready narratives with a full audit trail, responding to regulatory requests with language from previously approved submissions, and more. The result is AI that does more than streamline or augment the work. The numbers and narratives can withstand stakeholder scrutiny and allow executives to trust and verify insights generated by AI.

Learn more about Workiva's latest innovations on “Agentic AI for High-Stakes Workflows,” a free webinar featuring Workiva executives on Tuesday, August 25.

About Workiva

Workiva Inc. (NYSE: WK) powers trust, transparency, and accountability. Finance, accounting, sustainability, risk, and audit teams from more than 6,700 organizations, including over 85% of Fortune 1,000 companies, rely on Workiva for their mission-critical work. We transform how customers connect data, unify processes, and empower teams in a secure, collaborative, and audit-ready platform. Learn more at workiva.com.

 

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Lauren Covello

Workiva Inc.

press@workiva.com

Investor:

Katie White

Workiva Inc.

investor@workiva.com

VICTORIA, Seychelles - Wednesday, 29. July 2026

(GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), ranked among the leading venues for BTC and ETH derivatives liquidity in H1 2026, according to the CoinGlass 2026 Semi-Annual Cryptocurrency Derivatives Market Report, highlighting the exchange’s growing role in supporting deep execution across major crypto assets as derivatives markets became more selective.

The report found that Bitget recorded US$81.37 million in ETH order-book depth within ±1% of the mid-price, representing a 21.4% share among the listed venues and ranking second behind Binance. For BTC, Bitget recorded US$71.70 million in order-book depth within ±1%, representing a 13.4% share and ranking fourth among the listed venues.

The data comes during a period when the broader derivatives market became more selective in major crypto assets. According to CoinGlass, total crypto derivatives volume was down 15.7% year over year in H1 2026, while average daily open interest declined by a smaller 10.0%. The gap suggested that trading activity cooled faster than outstanding risk exposure, making liquidity depth and execution quality more important for market participants.

“The derivatives markets remain sensitive to volatility even when overall trading activity moderates,” said Gracy Chen, CEO of Bitget. “In this environment, liquidity depth has become a core measure of exchange’s trust and performance.”

Bitget’s liquidity performance also reflects its continued progress in serving more sophisticated trading demand. According to Bitget’s internal data, the share of institutional spot trading volume increased to 82% by December in 2025, highlighting rising institutional participation on the platform. To support its growth, Bitget upgraded the framework for its PRO and Liquidity Incentive Programs in early July, improving trading cost structures, liquidity incentives, and market-making conditions across crypto and traditional financial market products. These initiatives are designed to make Bitget a more competitive venue for both institutional and retail traders.

Beyond crypto asset liquidity, the CoinGlass report also showed Bitget’s expanding footprint in TradFi trading products. In H1 2026, Bitget recorded US$66.41 billion in TradFi perpetual contract volume, representing a 5.5% share among the five sampled exchanges in the report. This highlights growing demand for TradFi exposure via crypto-native infrastructure, complementing Bitget’s strong liquidity in major digital assets.

These results build on Bitget’s continued investment in trading infrastructure. As Bitget advances its Universal Exchange model, bringing together crypto assets, tokenized assets, and traditional financial market access within a single trading environment, the exchange is developing the execution, liquidity, and pricing infrastructure required to support the next generation of multi-asset trading.

About Bitget

Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.

For more information, visit: Website | X | Telegram | LinkedIn | Discord

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/849b0697-a356-43d5-b90a-6cb13314c0d1

Carta Rearchitects Private Capital Operations with Plugins for Claude

 

SAN FRANCISCO - 

Firms managing billions in assets are cutting days of manual fund and portfolio work down to a single prompt — a shift now available to all Carta customers through Anthropic's official plugin directory.

(BUSINESS WIRE) -- Carta, the connected platform and AI-native ecosystem for private capital, today announces broad availability of its suite of Plugins for Claude following the initial launch in April 2026. With more than 1,500 companies and firms already using the plugins, Carta is changing the way private capital teams — from founders to CFOs — fundamentally operate, bringing fund administration, cap table management, and dealflow analytics directly into the spreadsheets, presentations, and workflows they already use every day.

"For the last decade, private capital operation teams have been held back by a hidden tax: the constant, manual handoff of data between disconnected systems," said Henry Ward, Carta CEO. "Carta is eliminating that broken loop entirely by embedding intelligence directly into the tools teams already use. We are not waiting for an AI-native future for private capital — it is running on Carta today."

Carta didn't just give Claude a pipe to its data. Carta built its private-capital expertise directly into the plugins: the skills that encode how each task is actually done, the reference files that teach Claude a fund's own vocabulary and rules, the deterministic scripts that run the reporting math, and the guardrails that flag any figure as Claude's estimate rather than a number from Carta's books. Every action runs on the same user-level permissions and audit trail a firm already has in Carta.

Kyle Rogers, COO at Delta-v Capital — a Denver-based venture firm managing 28 funds and $1.6B in AUM — used Carta Plugins for Claude to compress weeks of manual compliance work into a near-instant workflow. "One prompt pulls every data point," says Rogers. "I can say definitively it's going to save us multiple days next year."

For Tribe Capital Management, Inc., a San Francisco-based venture firm managing nearly 100 fund structures and more than $2 billion in AUM, the impact was immediate. ”When the Carta Plugin for Claude worked, my initial reaction was: Wow, I can't believe this is finally here. It's like everything you've ever wanted in terms of cutting down on manual workflows and turnaround times,” said Stuart Johnson, Fund Controller, Tribe Capital Management, Inc. “We've been able to cut down that manual, complicated web of reconciliation across four funds and 100 SPVs—from a week of doing it manually to a day."

The Carta Investors Plugin turns fund work into a conversation. Fund CFOs and controllers can pull live cash actuals from Carta's general ledger directly into Excel and run budget-versus-actual reconciliations in real time, generate a complete AGM deck in minutes by dynamically pulling multi-fund performance metrics and portfolio data, or run end-to-end waterfall simulations inside active spreadsheets by querying Carta data through Claude's sidebar — all without leaving the tools they already use.

The Carta CRM Plugin connects relationship management directly to Carta's underlying economic data. IR leaders and deal teams can query investor profiles and engagement history to build targeted outreach lists for upcoming fundraises, generate custom visual charts of deal origination trends by geography or industry, or draft personalized LP update emails grounded in each investor's actual commitment and interaction history.

The Carta Cap Table Plugin brings the same depth to ownership and equity. Founders, finance leaders, and equity administrators can pull live cap table summaries and 409A records to draft board presentations in PowerPoint, generate any of 18 report types — from options outstanding to securities ledgers — for export to Excel, or proactively scan for operational red flags like expiring valuations, low option pools, or maturing SAFEs ahead of critical board calls.

The plugins are available through Claude's plugin directory to firms with active Carta accounts. Delta-V Capital, Tribe Capital Management, Inc., Vine Ventures, Kapor Capital, and Liquid2 Ventures are among the early adopters. Access is governed by the same permissions that govern Carta — no separate credentialing, no data uploaded outside Carta. To learn more, visit carta.com/blog/carta-plugins-for-claude/.

About Carta

Carta is the connected platform and AI-native ecosystem for private capital. Built to replace fragmented tools with a single system of record, Carta brings together the software, services, and legal infrastructure that founders use to manage equity, fund managers use to run administration and reporting, and legal teams use to close transactions. Trusted by 55,000 companies and 1.8M+ equity holders in 160+ countries, and 10,000 funds and SPVs representing $250B in assets under management, Carta is transforming how private capital operates. Recognized by Fortune, Forbes, Fast Company, Inc. and Great Places to Work.

For more information visit carta.com

Disclosure: Carta is a portfolio company of certain private funds managed by Tribe Capital Management, Inc. No compensation was provided for this testimonial.

 

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Media Contact

Madeline Perry, Communications Coordinator

madeline.perry@carta.com

 

VDyne Announces First Patient Treated in TRIVITA US IDE Pivotal Study of the TriNova™ Transcatheter Tricuspid Valve Replacement System

 MAPLE GROVE, Minn. - Wednesday, 29. July 2026 AETOSWire  

(BUSINESS WIRE) -- VDyne Inc. (“VDyne”), a privately held medical device company developing an innovative transcatheter tricuspid valve replacement (TTVR) system, today announced that the first patient has been enrolled and treated in the TRIVITA US IDE pivotal study of the TriNova™ system. The randomized controlled study will compare TriNova head-to-head with the commercially available Edwards EVOQUE™ TTVR system.

The TRIVITA trial (NCT07516444) initiation marks a significant milestone in advancing treatment for tricuspid regurgitation (TR). The prospective, global, multicenter, randomized (1:1) controlled study is designed to evaluate the safety and effectiveness of the TriNova TTVR system in patients with severe or greater tricuspid regurgitation who are suitable for valve replacement. The study will be conducted in the US and Europe with up to 70 sites participating. The first patient was enrolled at the Allina Health Minneapolis Heart Institute at Abbott Northwestern Hospital in Minneapolis, and treated by Dr. Konstantinos Voudris, MD, PhD, Director, Center for Valve and Structural Heart Disease.

Mike Buck, Chairman and CEO of VDyne, said; "Initiating our TRIVITA US IDE pivotal study represents an important milestone for VDyne following years of innovation by our dedicated team. The trial reflects our continued commitment to advancing treatment options for patients with TR and evaluating TriNova’s potential role in the evolving standard of care. As we rapidly activate new investigational sites and build enrollment momentum in TRIVITA, as well as continue enrollment in the ongoing VISTA US & VISTA Global trials, we are moving closer to our ambition of establishing TriNova as the preferred treatment option for TR patients globally."

“The benefits and importance of treating TR are quickly evolving as a growing number of patients seek treatment and TriNova represents a significant step forward in TR therapies, an outcome we intend to demonstrate through the US pivotal study,” commented Dr. Susheel Kodali, incoming Co-Director, Heart Valve Center at NYU Langone Medical Center and Study Chairman, Global Co-Principal Investigator for the TRIVITA pivotal study. “Enrolling the first patient in the US pivotal study brings hope for an improved standard of care. TriNova incorporates next-generation elements designed to offer unique side delivery and compatibility with tricuspid anatomy. The system is designed to operate independently of the leaflets & chordae, ensuring reliable annular anchoring and providing functional evaluation prior to final implantation.”

Dr Nadira Hamid, Director of Interventional Echocardiography at Minneapolis Heart Institute and Scientific Director of the Echocardiography Core Laboratory at Minneapolis Heart Institute Foundation and Global Co-Principal Investigator of the TRIVITA US pivotal study, added; "The start of the US pivotal study represents an important step forward in developing improved treatment options for patients with tricuspid regurgitation. The data from US/European/Australian/Canadian early feasibility studies (EFS) and the ongoing VISTA trials have been very encouraging and have provided promising preliminary safety and performance data of TriNova. I am looking forward to this next phase of the TriNova clinical program as we build enrollment momentum in the TRIVITA pivotal trial.”

TriNova is being evaluated through a comprehensive clinical development program, which includes the ongoing VISTA US EFS study (NCT05848284), the VISTA Global EFS study (NCT05797519), and now the TRIVITA pivotal IDE study (NCT07516444).

About VDyne Inc.

VDyne Inc. is a privately held medical device company based in Maple Grove, Minnesota, developing a transcatheter tricuspid valve replacement (TTVR) system for the treatment of tricuspid regurgitation.

VDyne’s TTVR system is currently under clinical investigation and is not approved for commercial sale in the United States or any other jurisdiction.

For more information, please visit www.vdyne.com.

TriNova is a trademark of VDyne Inc.

 

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For more information, please contact:

VDyne at investor@vdyne.com or visit https://www.vdyne.com

Lance Scott +1-469-216-7134 lscott@vdyne.com

Wind Point Partners Announces Final Close of Oversubscribed Fund XI at $3.2 Billion

(BUSINESS WIRE)--Wind Point Partners (“Wind Point”), a leading Chicago-based private equity firm, today announced the successful closing of its latest fund, Wind Point Partners XI (“Fund XI” or the “Fund”). Fund XI was oversubscribed and exceeded the hard cap, with total commitments of $3.2 billion. This amount includes significant commitments by the General Partner and members of the firm’s Executive Advisor Partner (“EAP”) program, providing strong alignment across all investors in the Fund.

Fund XI represents Wind Point’s largest fund to date and its most global and diverse investor base in the firm’s 42-year history. Fund XI received commitments from more than 65 global institutions spanning 17 countries, including pension funds, insurance companies, asset managers, family offices and foundations. Propelled by significant repeat support from existing investors, the efficient fundraise process was completed in under nine months.

Founded in 1984, Wind Point has a long history of partnering with top-caliber management teams under its Vision. Talent. Transformation.℠ ("VTT") strategy to drive transformational growth in well-positioned middle market businesses. The firm is active across the business services, industrial products and consumer products industries. Wind Point has completed more than 90 platform investments and 400 add-on acquisitions. The firm’s investment process is enhanced by its nearly 30-year EAP program currently comprising over 40 senior industry executives.

Wind Point’s Managing Directors, Nathan Brown, Paul Peterson, Alex Washington, Konrad Salaber and Joe Lawler, issued the following statement: “On behalf of the Wind Point team, we would like to convey our gratitude for the trust and partnership shown by so many quality institutions in Fund XI. We invest tremendous time and energy into the culture and quality of our team and strategy. The support we’ve received in this fundraise is a strong validation of our collective efforts. We believe Wind Point is very well-positioned for the long-term and we look forward to continued shared success alongside our valued partners.”

Nathan Brown added, "The success of this fundraise was built on the solid foundation of our repeat partners – some of whom have been investors with Wind Point for nearly three decades. We are off to a great start in Fund XI with two investments that align well with our VTT strategy. We look forward to continuing to execute at a high level and delivering strong results for our investors with Fund XI."

Ron Liberman, Wind Point’s Head of Investor Relations, commented, “It was clear early on that we would have a strong fundraise. And we owe that to our existing investors who were there for us in the first close, and in most cases, with larger commitments. We added more than 20 new institutions with Fund XI, including new wealth channels. Our team is energized by this outcome and eager to continue our firm’s momentum.”

In recent years, the Wind Point team has added depth and capabilities spanning Value Creation, Talent, Legal, Compliance and Finance & Accounting. The firm has 53 employees, with one office in Chicago, Illinois. In October, Wind Point will relocate its office to 333 Wolf Point Plaza in downtown Chicago to accommodate the team’s growth.

Kirkland & Ellis LLP served as fund counsel. Falcom Asset Management, POLARIS Investment Advisory AG and Thrive Alternatives Capital Advisory served as placement advisors.

About Wind Point Partners

Founded in 1984, Wind Point Partners is a Chicago-based private equity investment firm with approximately $9 billion in assets under management. The firm’s Vision. Talent. Transformation.℠ (“VTT”) investment strategy focuses on partnering with top-caliber management teams around a clear and exciting plan to invest behind a business to achieve transformational growth and value creation. The firm’s Executive Advisor Partner (“EAP”) network is comprised of more than 40 senior executives who are closely aligned with Wind Point and contribute across all core aspects of the firm’s investment process.

Wind Point targets well-positioned middle market businesses within the business services, industrial products and consumer products industries. Since inception, Wind Point has deployed 11 private equity buyout funds in partnership with leading institutional investors around the world, including public pensions, insurance companies, asset managers, endowments, foundations and family offices.

Additional information about Wind Point is available at www.windpointpartners.com.

 

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Contacts

Media Contact:

Ron Liberman, Wind Point Partners

Phone: 312-255-4812

Email: rliberman@wppartners.com