Assembly Line

Skeleton Technologies raises €108M in funding round led by Siemens and Marubeni

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Skeleton Technologies, Siemens, Marubeni

Estonian-founded fast energy storage firm Skeleton Technologies has raised a €108 million equity and debt funding round with investment from Siemens Financial Services (SFS) and Marubeni Corporation, including other investors. The fresh capital will forward the development and manufacturing of Skeleton’s high-power battery technology – the SuperBattery and through partnerships will automate and digitise Skeleton’s upcoming factory in Markranstädt, Germany.

Read more at Tech EU

AI camera steers ships away from collisions in fog and darkness

📅 Date:

✍️ Author: Keigo Yoshida

🔖 Topics: Partnership

🏭 Vertical: Ship and Boat

🏢 Organizations: Marubeni, Orca AI

Japanese trading company Marubeni is partnering with Israeli startup Orca AI to equip ships with artificial intelligence cameras that aid visibility in fog or darkness to reduce collisions. Orca AI’s camera system, dubbed SeaPod, has accumulated over 20 million nautical miles worth of marine visual data – equivalent to 4,200 transpacific trips between Japan and Los Angeles. The AI analyzes the big data from the footage, as well as from other parameters such as weather-related delays, to improve situational awareness of potential collisions.

Read more at Nikkei Asia