Lumachain Raises US$19.5M in Series A Funding Led by Bessemer Venture Partners
Lumachain, an end-to-end solution for food supply chains, today announced it has raised US$19.5 million in Series A funding, led by Bessemer Venture Partners with participation from existing investor Main Sequence. The company has also announced its first U.S. headquarters in Denver.
This investment will allow the company to accelerate the roll out of its world-first computer vision-based artificial intelligence platform at meat and food processing plants across the U.S. and globally. In addition, Lumachain will significantly scale up its team of computer vision and software engineers, and delivery and product experts from the meat industry.
Velo3D Raises $28 Million in Series D Funding Round, Paving the Way for Product Expansion
Digital manufacturing innovator Velo3D announced today that it has raised $28 million in a Series D funding round. New investors Piva and TNSC joined the round, along with existing investors Bessemer Venture Partners, Playground, and Khosla Ventures. This brings Velo3D’s total funding to $138 million. Velo3D plans to use the new capital to expand its product portfolio to include more machine options, compatible alloys, and enhanced software and hardware capabilities. The company anticipates that the injection of fresh capital will help them reach sustainable profitability by mid-2022.