Torus (South Salt Lake, UT) secures $200 Million from Magnetar (Evanston, IL) to scale modular hybrid power plants. The investment supports utility partnerships, data center demand, and the buildout of GigaOne, advancing distributed energy infrastructure across the U.S.

Vector (Salt Lake City, UT) a startup producing advanced military-spec drone technology, has raised a $61 million Series A to scale production of its Hammer drone, a deep sensing and strike FPV quadcopter, aiming to redefine modern battlefield dominance.

At the latest Promise2Live & Silicon Slopes Mental Health Town Hall, experts urged Utahns to prioritize safety, empathy, and radical listening as vital tools for healthier relationships and stronger communities.

At Catalyst 25, a diverse panel of entrepreneurial leaders — Nate Randle, Preston Cochrane, Alyssa Kotter, Shawn Nelson and Frank Dolce — took the stage to share how they’ve navigated the messy realities of leadership in business.

Flax Health (Salt Lake City, UT) raises $3.5M pre-seed from Sorenson and Pear to automate skilled nursing workflows, underscoring Utah’s rising profile as a healthcare AI hub.

Fund Launch (Lehi, UT), founded by Bridger Pennington, Mason Vranes, and Lincoln Archibald, is a $30 million fund incubator and educational enterprise democratizing private equity, incubating hundreds of funds, and deploying AI to streamline fund creation.

Filevine launches Depositions by Filevine, an AI-powered deposition platform automating scheduling, live analysis, and transcript review, saving legal teams time, centralizing case data, and enhancing litigation efficiency.

Cy4Data Labs (San Jose, Salt Lake City) protects sensitive data with field-level encryption, securing information even in use. With retired Brig. Gen. Paul Craft joining as a key advisor, the company targets public and private sector clients facing growing cyber threats.