NGP Capital

Canvas Category Consultancy : Company : Venture Capital

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Primary Location Palo Alto, California, United States

We help exceptional founders turn their big ideas into companies that shape a better future.

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Daedalus raises €19.4M to build world’s most advanced factories

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Daedalus, NGP Capital

Daedalus, a technology company building the world’s most advanced factories using AI, announced that it has secured $21M (approximately €19.4M) in a Series A round of funding.

The funding round was led by NGP Capital, with further participation from its existing investors, including Addition and Khosla Ventures. The German company will use the funds to develop its proprietary Manufacturing AI Platform and scale its production facilities in Germany.

The company uses its proprietary Manufacturing AI Platform to automate the entire manufacturing process, from quoting to delivery, for high-precision and high-mix parts. Daedalus’ production facilities utilise software to control and holistically optimise shop floor operations. Additionally, AI automates manual tasks involved in production.

Read more at Silicon Canals

ANYbotics Secures $50M Series B Funding to Revolutionize Industrial Inspection with its Four-Legged Robotic Workforce

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: ANYbotics, Walden Catalyst, NGP Capital

ANYbotics, a Swiss robotics pioneer, today announced a $50 million Series B funding round led by international deep tech investors Walden Catalyst and NGP Capital with participation from Bessemer Venture Partners, Aramco Ventures, Swisscom Ventures, Swisscanto Private Equity, and other existing investors. The funds will be used to scale deployments internationally, fuel the development of new capabilities, and solidify ANYbotics’ leading competitive position in robotic inspection solutions.

Read more at Business Wire

Noveon Magnetics Announces $75 Million Series B Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Noveon Magnetics, NGP Capital, Aventurine Partners

Noveon Magnetics, the only U.S.-based manufacturer of high-performance neodymium sustainable rare earth magnets, today announced it has closed a $75 million Series B funding round led by NGP and Aventurine Partners. J.P. Morgan acted as placement agent to Noveon on the transaction. The new funding will accelerate the expansion of Noveon’s manufacturing facilities and enhance its position as a leading provider of critical rare earth magnets to businesses that span the automotive, defense, energy production, medical, and consumer goods sectors, among others. Additionally, James Wallis, Partner at NGP, will join Noveon’s Board of Directors.

Read more at News Direct