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Ai Build raises $8.5M Series A funding for additive manufacturing software

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: AI Build, IQ Capital, Nikon

Additive manufacturing software startup, Ai Build, has raised a Series A round of $8.5 million led by IQ Capital, bringing the company’s funding to $13.5 million. Ai Build will use the funding to accelerate its product roadmap, allowing it to onboard more customers with higher automation and AI capabilities. Investment will also enable the opening of a subsidiary in the US, and continued European expansion.

It partners with major manufacturing firms, including Boeing, to expand the use of additive manufacturing in large-scale industrial applications, such as specialised tooling and end-use components in aerospace, automotive, and energy sectors. Customer benefits include a 65 percent decrease in failed production attempts and a 90 percent increase in overall build efficiency.

Read more at Tech EU

🛰️ QuadSAT Secures €9 Million Funding to Scale Up Operations and Expand Product Range

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: QuadSAT, IQ capital

QuadSAT ApS has secured €9 million in funding. The Danish company is revolutionising the satellite industry by making it possible to accurately measure and calibrate antennas and satellite systems anywhere in the world. The funding round was led by IQ capital and supported by current investors, including the world’s leading space tech fund, Seraphim Space, Danish state Vækstfonden, and angel investors Torben Frigaard Rasmussen and Helge Munk.

QuadSAT’s unique testing solution provides a cost-effective, scalable and precise way to test antennas and satellite systems in operation, and anywhere in the world. This approach to testing has already attracted the attention of the satellite industry, helping QuadSAT to cement its position as a major player in the market. With the new funding, QuadSAT will be looking to recruit top talent, to expand its operations, and bring its technology to a wider customer base.

Read more at QuadSAT Blog

Battery material company Nyobolt raises $10m

📅 Date:

✍️ Author: Neil Tyler

🔖 Topics: Funding Event

🏢 Organizations: Nyobolt, IQ Capital, University of Cambridge

Led by IQ Capital with participation from Cambridge Enterprise and Silicon Valley investors, the funding will be used to expand the company globally, build new facilities, and grow the engineering and operational teams.

Nyobolt (formerly CB2Tech) developed out of research at the University of Cambridge led by battery materials expert, Professor Clare Grey, and Dr. Sai Shivareddy. The company is rapidly expanding its global technical and commercial presence, with teams in the UK, the US and Asia, with decades of experience at Tesla, Samsung, Dupont and Dyson.

The company has developed a proprietary process using niobium-based anode materials to create batteries that deliver record high power, ultrafast charge and high energy. The charge and discharge rate capability of Nyobolt batteries, extensively recorded in academic journals, presents a huge opportunity to supercharge the electric revolution. The batteries also address other major challenges facing much existing technology, as they operate within a wide temperature range and are highly durable.

Read more at New Electronics