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Lumafield Announces $35M Series B Funding, Major Product Upgrades, and New Board Appointments

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Lumafield, Spark Capital, Lux Capital

Lumafield, a pioneering developer of accessible X-ray CT technology, today announced it has closed a $35M Series B funding round from new and existing investors, achieved a major new AI-driven performance breakthrough, and appointed two prominent executives to its board of directors. The company has raised a total of $67.5M to date, including a combined $32.5M in its Seed and Series A funding rounds. Spark Capital led the Series B round, which also included participation from existing investors Lux Capital, Kleiner Perkins, DCVC, and Future Shape.

Lumafield’s AI allows the company’s reconstruction process to achieve the same high-quality results with fewer two-dimensional X-ray images, reducing the time required to run a scan. New improvements in Lumafield’s software also make it possible to skip certain steps in the reconstruction process before performing automated analysis, which cuts processing time.

Read more at Lumafield Articles

ELISE Raises €14.5 million to scale Connected Engineering

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: ELISE, Spark Capital, BMW

We are incredibly proud to announce that we have closed our Series A financing round of €14.5 million! The investment is led by the renowned US Investor Spark Capital, with participation from BMW i Ventures, Cherry Ventures, UVC Partners, and Venture Stars. “This new investment will allow us to make significant progress towards our goal of becoming the low-code standard in engineering. The ease of use of our visual programming language enables engineers to model and automate development processes in the shortest possible time,” explained Moritz Maier, co-founder and CEO of ELISE. “With our open platform, we enable engineers to transfer the agile and efficient methods of software development to hardware development. This automates manual and repetitive tasks and enables companies to manage the growing complexity of product development in the face of increasing cost and innovation pressure.”

Read more at ELISE Blog