DCVC

Canvas Category Consultancy : Company : Venture Capital

Website

Primary Location Palo Alto, California, United States

DCVC backs entrepreneurs solving trillion-dollar problems to multiply the benefits of capitalism for everyone while reducing its costs. Deep Tech is a potent approach to this challenge that enables more for less - now and for this century. For over twenty years, DCVC and its principals have backed brilliant entrepreneurs applying Deep Tech, from the earliest stage and beyond, to pragmatically and cost-effectively tackle previously unsolvable problems in nearly every industry, especially those that haven’t seen material technological progress in decades. Together, we have created tens of billions of dollars of value while also making the world a markedly better place.

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Fourth Power Secures $19M for Low-Cost Utility-Scale Thermal Energy Storage to Enable a Fully Renewable Grid

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πŸ”– Topics: Funding Event

🏒 Organizations: Fourth Power, DCVC


To meet the growing demand for renewable energy on the grid, Fourth Power has received $19 million in Series A funding to scale its cost-effective groundbreaking thermal battery technology. The investment round was led by the venture capital firm DCVC, with participation from Breakthrough Energy Ventures (BEV) and Black Venture Capital Consortium. In addition to helping scale the company’s thermal energy storage solution, which can store energy for both short- and long-term durations to be put back on the grid as electricity, the investment will initiate the construction of a 1 MWh-e prototype facility outside Boston, with a 2026 anticipated completion date.

Read more at Business Wire

🚚 Amogy Secures $139 Million Series B-1 Round of Funding, Moving the Transportation Industry Closer to Clean Energy

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πŸ”– Topics: Funding Event

🏒 Organizations: Amogy, SK Innovation, Temasek, Korea Zinc, Aramco Ventures, DCVC


Amogy Inc., a pioneer of emission-free, energy-dense ammonia power solutions, today announced its $139 million Series B-1 fundraising. The round was led by SK Innovation, joined by other global investors including Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon Ventures and DCVC. This funding will enable Amogy to continue its organizational development to support commercialization, begin manufacturing of its innovative ammonia-to-power technology, and bring its first product to market in 2024.

Read more at PR Newswire

Micro-fulfillment center automation startup Fulfil Solutions gains $60 million in funding

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πŸ”– Topics: Funding Event

🏒 Organizations: Fulfil Solutions, Eclipse Ventures, Khosla Ventures, DCVC


Fulfil Solutions announced today that it has emerged from stealth, with a B funding round of $60 million, and touting its robotic solution for grocery micro-fulfillment centers (MFCs), which it adds can be implemented in way that makes MFCs profitable. The $60 million Series B round of funding led by Eclipse with participation from Khosla Ventures and DCVC.

Read more at Modern Materials Handling

Recycleye raises additional $17m in Series A funding to reinvent recycling

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πŸ”– Topics: Funding Event

🏒 Organizations: Recycleye, DCVC


Recycleye, provider of the most adapted and robust AI-driven solution for sorting dry mixed recycling, today announced a $17m Series A financing round, led by deep-tech venture capital firm DCVC.

Recycleye uses AI-powered waste-picking robots to lower the cost of sorting materials. This ground-breaking technology is turning the world’s waste into resource and delivering data essential for dynamic decision-making in a Material Recovery Facility (MRF). The new investment will be used to further improve the uncommon accuracy of Recycleye’s sorting.

Read more at Recycleye Blog