This story appears in the March 2026 issue of Utah Business. Subscribe.
Utah’s technology ecosystem continues to demonstrate scale and ambition as 2026 unfolds, with two recent financings announced for Jump and Intactis Bio. These investments showcase that Utah is not only building artificial intelligence companies, but is also increasingly positioning itself at the frontier of next-generation compute and infrastructure.
Jump secures $80M Series B
Jump, a provider of artificial intelligence solutions for financial advisors and financial services firms, announced the close of a whopping $80 million Series B led by Insight Partners.
The round included participation from F-Prime Capital, Allianz Life Ventures, TIAA Ventures and Utah-based Peterson Ventures, along with existing investors Battery Ventures, Sorenson Capital, Pelion Venture Partners and Citi Ventures. Prominent angel investors including Hans Tung, Ryan Anderson, and Aaron Skonnard also participated. The financing brings Jump’s total capital raised to $105 million, following its $20 million Series A led by Battery Ventures last year.
Jump is building AI-powered tools designed to streamline workflows, automate documentation and enhance productivity for financial advisors, a segment of financial services rapidly adopting AI-driven efficiency tools.
This round marks significant validation for Jump, and the Utah ecosystem overall, as it reflects growing confidence from national investors in Utah-based AI platforms capable of serving large, regulated enterprise markets.
Intactis Bio advances biocomputation
At the frontier of deep tech, Intactis Bio secured a $250,000 investment from Nucleus Fund, a Utah-based venture firm focused on early deep technologies commercializing out of Utah’s universities. Intactis is technology and research spun out of the University of Utah.
Intactis is developing a biocomputation platform that integrates living neural tissue with silicon hardware to create significantly more energy-efficient and adaptive AI systems. As traditional data centers face mounting power consumption and scaling constraints, the company’s hybrid biological-silicon approach represents a bold attempt to redefine compute architecture itself.
The investment comes as Utah is emerging as an increasingly important hub for both compute infrastructure and advanced neurotechnology. Intactis is positioning the state as a proving ground for next-generation biointelligence systems.
The bigger picture
Taken together, these two financings highlight an ecosystem expanding on multiple dimensions. Jump’s $80 million growth round demonstrates Utah’s ability to produce AI-native companies that attract top-tier global software investors and serve enterprise-scale markets. Meanwhile, Intactis Bio Corp’s early backing illustrates a parallel commitment to long-horizon, high-risk frontier science that could redefine the foundations of computing. Coupled with the state’s expanding data center footprint and strengthening deep-tech capital base, these developments suggest Utah is evolving into a credible center for both AI deployment and AI infrastructure innovation.
What do you want to know about the Utah VC scene? Do you have an investment that deserves a shoutout? Send inquiries and information to angela@nucleusutah.org.
