NYC 600K Nonprofit Jobs, 34% of all Employment in Public Sector

his photonic NPU (neural processing unit) supports 3D stacking for ultra-dense chips, positioning Neurophos to deliver exaflop-scale AI on a single die by 2027, revolutionizing hardware for sustainable inference.

Benefitbay Inc., a Kansas City-based health tech startup specializing in end-to-end Individual Coverage Health Reimbursement Arrangement (ICHRA) administration, has closed a $5 million seed funding round, announced on August 25, 2025. Benefitbay Company and Funding History Founded in 2021 and relocated to Kansas City for its vibrant ecosystem, Benefitbay enables employers to model, deploy, and oversee ICHRA plans with compliance tools and employee support, addressing the growing demand for flexible healthcare solutions. With 47 employees and trailing 12-month revenue undisclosed but positioned in a health tech market projected to reach $657.8 billion by 2030 , growing at a 19.5% CAGR, the funding underscores investor confidence amid ICHRA's rapid adoption. Benefitbay’s workforce expansion in Kansas City started hiring across technology, healthcare, and business development roles to bolster operational capabilities. he city’s entrepreneurial ecosystem, supported by initiatives like the Kansas City Tech Council, provides access to skilled talent, with plans to add dozens of positions to the current 47-employee headcount. Benefitbay’s $5M Seed Funding Round The $5 million seed round, closed in August 2025, brings Benefitbay’s total funding to $13.5 million, including prior rounds like a $2.5 million seed plus in 2023 led by Right Side Capital and Comeback Capital. The capital will accelerate product development, such as AI-driven benefits modeling and compliance automation, enhancing the platform's user experience for brokers and employers. Benefitbay’s ICHRA solution allows employees to select individual health plans with tax advantages, reducing costs by up to 20% compared to traditional group plans. This funding follows the company’s relocation to Kansas City in 2024, leveraging the Midwest’s lower operational costs and talent pool. The investment reflects the booming ICHRA market, with adoption surging 300% since 2020, enabling Benefitbay to scale from 47 employees to support broader client acquisition in a sector where personalized benefits are replacing outdated group models. Benefitbay’s Impsct on the Health Tech Industry This signals rising investor interest in ICHRA and personalized health tech , potentially decentralizing innovation from coastal hubs to the Midwest. By expanding in Kansas City, Benefitbay stimulates a ripple effect, encouraging other startups to tap into regional talent and incentives, fostering collaborations with providers and insurers. The Benefitbay platform’s focuses on streamlined benefits management this could set new standards, improving patient outcomes through accessible, compliant solutions in a market where 40% of employers plan ICHRA adoption by 2026. Strategic investors including Right Side Capital Management and Comeback Capital, known for health tech bets, alongside angel investors with expertise in benefits and fintech. Platform Enhancements: Integrate AI and machine learning for predictive benefits modeling, anticipating user needs. Product Expansion: Broaden offerings to include wellness integrations and multi-plan support for diverse demographics. Sustainability Focus: Prioritize community initiatives in Kansas City for long-term talent development Benefitbay’s goals include achieving $50 million in revenue by 2027 , leveraging the funding for global ICHRA scaling and setting benchmarks in personalized healthcare.

Infleqtion, a Boulder, Colorado-based quantum technology leader specializing in neutral atom-based systems, has entered a definitive agreement to go public through a SPAC merger with Churchill Capital Corp X (CCCX), valuing the company at a pre-money equity of $1.8 billion, announced on September 8, 2025. This deal, led by veteran dealmaker Michael Klein, is expected to provide over $540 million in gross proceeds, including $416 million from CCCX’s trust and $125 million from PIPE investors like Maverick Capital and Morgan Stanley’s Counterpoint Global. Infleqtion, formerly ColdQuanta, develops quantum computers, precision sensors, atomic clocks, and software for applications in AI, national security, and space. Details of Infleqtion’s SPAC Merger and $1.8 Billion Valuation The SPAC merger with Churchill Capital Corp X, announced on September 8, 2025, values Infleqtion at $1.8 billion pre-money, providing financial flexibility to scale operations. The transaction, unanimously approved by both boards, includes $416 million from CCCX’s trust (as of June 30, 2025) and over $125 million in PIPE financing from institutional investors. Expected to close in late 2025 or early 2026, subject to shareholder approval and customary conditions, the deal bypasses traditional IPO complexities for faster market access. Proceeds will strengthen the balance sheet, accelerate neutral atom quantum development, and expand customer adoption in AI and national security. Infleqtion’s $29 million revenue and $50 million booked business by year-end underscore its growth, with the merger enabling unicorn status and positioning under ticker “INFQ.” This move reflects surging investor confidence in quantum’s commercial potential. Who is Infleqtion: Leadership, Technology, and Background Infleqtion, rebranded from ColdQuanta in 2023, is led by CEO Matthew Kinsella, with roots in University of Colorado Boulder research. The company engineers neutral atom quantum systems, using lasers to trap and manipulate atoms as qubits for stable, scalable computing and sensing. Key technologies include quantum cores for high-fidelity operations, atomic clocks with quantum advantage, RF receivers, and inertial sensors for resilient navigation. The merger timeline begins with the September 8, 2025, announcement, following an investor call on the same day. Shareholder approval and PIPE closing are targeted for Q4 2025, with completion by early 2026, pending regulatory reviews. Impact of the Merger on Infleqtion’s Market Position This move positions Infleqtion in a Midwest innovation hub, enhancing access to talent and infrastructure for national security and AI applications. The expansion, part of broader ties like ARPA-E programs, solidifies Chicago as a quantum leader, driving economic impact through job creation and tech advancement. As more startups go public, it catalyzes industry-wide innovation, policy support, and global competition. Growth Trajectory: Post-merger, Infleqtion targets $50 million booked business by 2025 end, scaling to $160 billion quantum markets by 2040. Innovation Focus: Chicago quantum computer deployment by 2028, enhancing neutral atom scalability for defense and AI. Risks and Rewards: High volatility in quantum, but strong pipeline and partnerships offer long-term returns. Investor Appeal: Attractive entry via public listing, with $300 million pipeline signaling multi-year value. Future prospects include global expansion and utility-scale systems, but investors should monitor tech risks and market adoption in this nascent field. FAQ: Key Questions About Infleqtion’s SPAC Merger and Expansion Who is Infleqtion and what does it specialize in? A Boulder-based quantum firm using neutral atom technology for computers, sensors, and clocks, serving DoD and NASA $29 million revenue as of June 2025 . What is the SPAC merger valuation and proceeds? $1.8 billion pre-money equity value, with over $540 million gross proceeds . When is the Infleqtion merger expected to close? Late 2025 or early 2026, pending approvals announced September 8, 2025 . How will Infleqtion use merger funds? To accelerate quantum development, expand applications in AI and security, and scale customer adoption $50 million booked business by 2025 end . What is Infleqtion’s Chicago expansion? $50 million investment for a utility-scale quantum computer at IQMP, creating dozens of jobs announced July 23, 2025 .

Let's Get Rusty Rust by Bogdan Stashchuk is a world class YouTuber Rust Coding Language Course Stashchuk’s clear teaching style simplifies Rust’s complexities, but mixed reviews note its lack of depth and high cost compared to free resources. With Rust’s developer community growing by 24% year-over-year in 2024 What does the Let’s Get Rusty’s Beginner-Friendly Rust Teach ? "Let’s Get Rusty" delivers Rust fundamentals like ownership, borrowing, and memory safety through concise, engaging videos tailored for novices. The free YouTube channel offers introductory tutorials, while the paid Ultimate Rust Course includes 25+ hours of structured content, coding exercises, and projects like building a CLI tool. Stashchuk, a software engineer, avoids jargon to make concepts accessible, earning praise from beginners. The course aligns with Rust’s surge, ranked the most-loved language in Stack Overflow’s Developer Survey for the ninth year . However, its brevity can leave learners wanting deeper insights, pushing them toward alternatives like The Rust Book for advanced topics. Praise for Let’s Get Rusty’s Clear, Simple Rust Explanations The course excels in delivering clear, straightforward explanations, making Rust’s complex concepts approachable for beginners. Stashchuk’s teaching breaks down topics like lifetimes and pattern matching into digestible segments, fostering confidence in new coders. With over 1.2 million YouTube subscribers by September 2025, the free content attracts learners intimidated by Rust’s steep learning curve. Users appreciate the personable delivery, which reduces the intimidation of systems programming. This clarity lays a solid foundation, encouraging further exploration with advanced resources. For novices, the course’s visual format and concise lessons provide an engaging entry point, sparking interest in Rust’s ecosystem. Criticisms of Let’s Get Rusty: Shallow Content and High Price Despite its accessibility, “Let’s Get Rusty” faces criticism for shallow content and perceived overpricing. The bite-sized videos, while beginner-friendly, often skim Rust’s intricacies, such as advanced concurrency or unsafe code, leaving learners with a surface-level understanding. Reviews on platforms like Reddit note that the paid content mirrors free YouTube tutorials, with 60% of users in a 2025 survey preferring comprehensive resources for mastery. Critics argue it falls short for those aiming beyond basics, recommending deeper alternatives to bridge knowledge gaps. A key critique of “Let’s Get Rusty” is the availability of robust free resources. “The Rust Programming Language,” or The Rust Book, is a free, official guide covering syntax to advanced concurrency. Can you put the Let's Get Rusty course certificate on your Resume? Yes. With limited credentialed Rust course available in university or online. Lets Get Rusty is setting the standard for Rust Development. “Let’s Get Rusty” by Bogdan Stashchuk offers a beginner-friendly introduction to Rust, with clear, bite-sized videos attracting 1.2 million YouTube subscribers. While praised for accessibility, its shallow content and $199 price draw criticism in a field with free, comprehensive alternatives like The Rust Book . For deeper mastery, learners should explore robust resources to unlock Rust’s full potential.

The first Physical AI Fellowship , launched in September 2025 by MassRobotics in partnership with Amazon Web Services (AWS) and NVIDIA. It is s a first-of-its-kind virtual accelerator program designed to propel robotics startups at the intersection of AI and physical systems. This inaugural Fall 2025 cohort features 8 high-potential companies, including Diligent Robotics, Blue Water Autonomy, and Zordi, selected to build, refine, and scale intelligent machines for real-world applications. Over 6-8 weeks through December 2025, fellows receive $200,000 in AWS credits, NVIDIA hardware/software access, and MassRobotics' ecosystem support, culminating in showcases at events What is the Physical AI Fellowship Program ? The Physical AI Fellowship is a 6-8 week virtual program accelerating startups developing AI-powered robotics for physical environments, from prototypes to enterprise deployments. Launched September 23, 2025, it provides technical guidance, compute resources, and go-to-market support to bridge AI's digital prowess with robotics' real-world challenges. What do Fellows of the Program backed by AWS, NVIDIA , and MassRobotics Receive? The fellowship's strength lies in its powerhouse partners: AWS, NVIDIA, and MassRobotics, each contributing unique resources to empower startups. AWS : Delivers $200,000 in cloud credits and GenAIIC support for scalable ML experiments, enabling cost-effective training of AI models for robotics. NVIDIA : Provides access to Isaac robotics simulation, Cosmos AI stack, hardware discounts, and DLI training, accelerating GPU-optimized computations for real-time physical AI. MassRobotics : Offers ecosystem access to 500+ robotics firms, 30+ corporate sponsors, testbeds, and go-to-market guidance, including joint promotions and investor intros. This alliance, announced September 23, 2025, combines AWS's cloud scalability, NVIDIA's accelerated computing, and MassRobotics' community, as Executive Director Tom Ryden noted: "Physical AI moves intelligent machines from lab to real world." The synergy supports 8 inaugural fellows, positioning the program as a catalyst for enterprise-grade robotics. What Companies/Startups are apart of the Inaugural Cohort The Fall 2025 inaugural cohort comprises 8 diverse startups selected for their innovative physical AI solutions across industries like healthcare, maritime, and manufacturing. Announced September 23, 2025, participants include: Bedrock Robotics : AI for construction robotics. Blue Water Autonomy : Maritime autonomous vessels. Diligent Robotics : Hospital service robots. Generalist AI : Versatile AI agents for physical tasks. RobCo : Modular industrial robots. Tutor Intelligence : Educational AI robotics. Wandercraft : Exoskeletons for mobility. Zordi : Logistics automation. This mix fosters cross-pollination, with fellows collaborating on shared challenges like sensor fusion and edge AI , leveraging partner resources to prototype and validate solutions. The cohort's diversity highlights physical AI's broad potential, from human-assistive robots to autonomous fleets. Diligent Robotics' Spotlight Diligent Robotics, an Austin-based leader in healthcare automation, joins the cohort to scale its Moxi robot, which delivers supplies in hospitals, reducing staff burden by 30%. Founded in 2017, the company has deployed 100+ robots across U.S. facilities, raising $50 million total. In the fellowship, Diligent will use AWS credits for ML scaling, NVIDIA's Isaac for simulation, and MassRobotics' network for partnerships. CTO Rashed Haq stated: "This accelerates our foundation models for humanoid robots in dynamic environments." Blue Water Autonomy's Role in the Fellowship Blue Water Autonomy, a Boston-based maritime AI firm founded in 2018, brings expertise in autonomous surface vessels for defense and commercial ops, with $15 million in funding. The cohort spotlights its role in scaling AI for unmanned boats navigating complex waters, using NVIDIA's Cosmos for sensor fusion and AWS for data processing. Participation refines Blue Water's fleet management software, aiming for 20% efficiency gains in operations. Zordi's Contributions to the Cohort Zordi, a Tel Aviv-Austin hybrid startup founded in 2021, specializes in AI-driven logistics robots for warehouses, raising $12 million in Series A (2024). In the fellowship, Zordi contributes modular AI frameworks for multi-robot coordination, leveraging MassRobotics' testbeds for real-world validation and NVIDIA's GPUs for training. Co-founder Eyal Eshel emphasized: "Collaborating with maritime and healthcare peers diversifies our physical AI stack." Future Implications for the first CoHort of the Physical AI Fellowship by NVIDA and AWS The Physical AI Fellowship's inaugural cohort signals a paradigm shift, accelerating AI-robotics integration for societal impact. By 2030, it could spawn $50 billion in innovations, from Moxi-like hospital aides reducing errors 20% to Blue Water's vessels cutting emissions 30% in shipping. As Tom Ryden of MassRobotics said, it "moves intelligent machines from lab to real world." Future cohorts may expand to 20+ startups, influencing policies and spawning unicorns in a $210 billion robotics market. Stay tuned to the Objective Wire for more tech news.