Zedge, Inc. completed a $7.7 million insider-led capital raise to accelerate its DataSeeds AI data business, with $6.5 million contributed by Vice-Chairman Howard Jonas alongside other stockholders. The company appointed Morris Berger as Chief Executive Officer effective October 1, 2026, succeeding Jonathan Reich who transitions to President and COO. Zedge reported Q3 FY26 revenue of $8.0 million and ~1.3 million active subscriptions, while maintaining approximately $27.4 million in pro-forma cash with no debt. The company operates in the consumer mobile media and AI data services industry.
